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

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Speaker 1: Or here's Ryan Bridge on Heather duper c Ellen Drive

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

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Speaker 2: That'd be good afternoon at is six after four Coming

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Speaker 2: up on the show, we'll look at this pull from

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Speaker 2: the Taxpayers Union is putting body cameras on all police

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Speaker 2: practical how much would it actually cost us to do that?

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Speaker 2: We're going to Ottawa. The Canadians have got a new

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Speaker 2: Liberal leader and a new Prime minister. Josie Bucgarni and

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Speaker 2: trist Sheerson on the huddle today and Nichola willis here

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Speaker 2: after six. Ryan Bridge question, does anybody seriously think, seriously

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Speaker 2: think that Chris Hipkins is the answer to all of

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Speaker 2: our problems, that Chris Hipkins will be the next Prime

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Speaker 2: Minister of New Zealand. No, it wasn't that long ago,

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Speaker 2: as in less than two years ago he was in charge.

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Speaker 2: And remember the country was going to hell in a handbasket.

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Speaker 2: And for the past year we've been living in that hell,

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Speaker 2: haven't we. High interest rates, inflation, business is going the wall,

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Speaker 2: the worst recession in thirty years, blah blah blah. You know,

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Speaker 2: the story we've lived through it. Luxon is doing all

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Speaker 2: the right things and hitting all the right issues, cost

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Speaker 2: of living and now growth. But he's just not that likable,

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Speaker 2: is he. But that's okay. This is not a beauty contest.

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Speaker 2: It's an election that he will be fighting in twenty

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Speaker 2: twenty six. And by then, as I've pointed out many

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Speaker 2: times on this program, as have others, and for a

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Speaker 2: long time, foe casts have us back in growth, inflation tamed,

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Speaker 2: people feeling better, people feeling a bit more upbeat, voters

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Speaker 2: in a better mood come election time twenty twenty six,

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Speaker 2: and all of that will help Luxon. Nobody would actually

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Speaker 2: vote Hipkins back into the beehive. It's just a protest vote.

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Speaker 2: How crappy the current situation is, which doesn't mean that

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Speaker 2: Luckson should rest on his laurels. And today how frustrating

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Speaker 2: another example of his political instincts letting him down. This

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Speaker 2: time it's again Andrew Bailey. He did something supposedly bad,

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Speaker 2: although nobody actually really knows how bad, but bad enough

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Speaker 2: to resign as a minister. And then he asks to

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Speaker 2: go on leave for two weeks to go hike in Nepal,

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Speaker 2: and they let him go. Come on, he should have

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Speaker 2: been made to sit in the back of the house

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Speaker 2: and take his shame and take his punishment. Letting him

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Speaker 2: skive off even though he's taking leave just looks bad.

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Speaker 2: Luxon needs to grow a pair, a bigger set of balls,

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Speaker 2: and get a bit tougher longer term. The biggest threat

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Speaker 2: to his reelection is not Chris Hopkins Exactually, if anything,

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Speaker 2: Donald Trump, if this chaotic trade war continues at the

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Speaker 2: rate that it has been, global growth will surely take

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Speaker 2: a big hit and with it a chunk of Luckson's

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Speaker 2: chances of riding this economic wave back to the ninth

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Speaker 2: floor of the beehive. Brian brig Chien minutes after four

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Speaker 2: nine ten is the number to text far Mak. The

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Speaker 2: boss may have quit a couple of weeks ago, but

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Speaker 2: the bad news just doesn't stop there. For the Drug

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Speaker 2: Buying Agency, there's a new independent report. It says patients

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Speaker 2: are unhappy, they don't feel like they're being listened to,

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Speaker 2: and I felt like FARMAC lacks respect for their patient representatives.

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Speaker 2: Paula Bennett is the chair of FARMAC. She's with me

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Speaker 2: this afternoon. Paula, Hello, Yeah, good evening is there a

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Speaker 2: lack of respect for patients at Farmac.

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Speaker 3: Look, I think just what I've been hearing story at

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Speaker 3: the airport, you know, but what I've been hearing from,

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Speaker 3: you know, many of our patient advocates in particular, was

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Speaker 3: that they found that the relationship wasn't as respectful as

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Speaker 3: it needed to be. It wasn't transparent, and it wasn't open.

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Speaker 3: And I wanted to really test into that for hence

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Speaker 3: holding to consumer engagement workshops for about thirty passion advocates

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Speaker 3: and listening directly from them. And this report's come out

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Speaker 3: of that.

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Speaker 2: Sarah fit obviously she's gone or she has gone now?

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Speaker 2: Is that it was that the big part of the

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Speaker 2: problem or is there a wider management issue with listening

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Speaker 2: to patients?

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Speaker 3: Yeah, it is a bit. I mean, we've got some

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Speaker 3: fantastic people, particularly those that are dealing on a day

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Speaker 3: to day basis and genuinely negotiating contracts and trying to

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Speaker 3: get more medicines, and that's what they're there for. But

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Speaker 3: I think the organization have to say no more often

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Speaker 3: than it can say yes. It had become defensive, it

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Speaker 3: had become insular and looking inwards instead of looking outwards

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Speaker 3: and instead of proactively having what are really awkward and

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Speaker 3: uncomfortable and you know, difficult conversations with people when you're saying,

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Speaker 3: I'm sorry, I can't fund your medicine, but at least

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Speaker 3: doing that in an open, transparent way is what we

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Speaker 3: expect and that hasn't really been happening.

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Speaker 2: So that's the problem here because it's almost a mission

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Speaker 2: impossible for FARMAC, isn't It doesn't really matter who's running it,

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Speaker 2: they are going to say no, hell of a lot

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Speaker 2: of the time, you can't afford every medicine through every person.

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Speaker 2: So is this more of a pr problem?

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Speaker 3: Look, internationally, we're behind the act. You know, we're not

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Speaker 3: funding the medicines that our counterparts are. You know, we

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Speaker 3: all know. You know you would get better access to

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Speaker 3: medicines than Australia, are a lot of them than you

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Speaker 3: would in New Zealand. And that is about funding. And

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Speaker 3: they're seen every cent they get and negotiate hard to

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Speaker 3: get the best deal so that they can put more

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Speaker 3: money into medicines. But that doesn't just because it's difficult

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Speaker 3: doesn't mean you stop listening. It doesn't mean you stop

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Speaker 3: talking to people, doesn't mean you don't look at the

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Speaker 3: model that you've gotten had for thirty three years and

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Speaker 3: question whether it's still for purpose. And this report tells

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Speaker 3: me that it's not. That we can do things better

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Speaker 3: and differently.

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Speaker 2: The fast track idea, this fast track process for new

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Speaker 2: medical technologies, how would that work.

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Speaker 3: For some of it? You know, we've certainly been questioning

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Speaker 3: if it's approved in Australia, Canada and the UK, why

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Speaker 3: are we going through a whole expensive, long process ourselves.

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Speaker 3: That doesn't mean we're necessarily going to automatically approve it,

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Speaker 3: but do we have to go through an expensive, drawn

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Speaker 3: out process?

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Speaker 2: Well, do we have that's with it?

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Speaker 3: Well, that's that's the question. And we're getting that sort

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Speaker 3: of kind of advice. It's not something that the chair

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Speaker 3: of FARMACS should make up. We've got no health background.

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Speaker 3: It's something that the clinicians need to look at to

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Speaker 3: make sure, you know, should we Butchert and the ministers

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Speaker 3: asked that question as well.

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Speaker 2: All right, just finally, this culture of view that apparently

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Speaker 2: has happened but hasn't been released, is that going to

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Speaker 2: be released? Is that is that your job is chair

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Speaker 2: or what?

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Speaker 3: Yeah, it's certainly gone to the board. We've commissioned a

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Speaker 3: lot more work to be done, and again, you know

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Speaker 3: some things have certainly come out of that, So we

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Speaker 3: need to have a damn good look at this organization

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Speaker 3: and make some changes. So, yes, I do expect to

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Speaker 3: be releasing something in the next couple of months.

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Speaker 2: More resignations.

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Speaker 3: No, that's not the intention. I think we've got well

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Speaker 3: intentioned people that are looking for strong leadership from both

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Speaker 3: the board and a new chief executive to see a

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Speaker 3: different direction and a path forward.

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Speaker 2: All right, Paula, thank you very much for that. Paul

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Speaker 2: have been at the chair of Farmac. Time is thirteen minutes.

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Speaker 4: After four Bryant Bridge.

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Speaker 2: So that's another report on Farmac. Another report saying basically

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Speaker 2: not listening and they are actually just a little bit

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Speaker 2: rude to their patients, which is not what you want

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Speaker 2: to be. As Paula mentioned, they will never have all

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Speaker 2: of the money to do all of the things that

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Speaker 2: everybody wants them to do. But you can, I suppose,

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Speaker 2: say no with more of a smile perhaps. So Luxen

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Speaker 2: is off to India. He's just done a stand up

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Speaker 2: what he's actually doing his postcab at the moment and

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Speaker 2: said that he's off to India. Shortly he's going to

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Speaker 2: take the biggest ever delegation a New Zealand Prime minister

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Speaker 2: has ever traveled with the parent.

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Speaker 5: This mission is about stepping it up a gear. And

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Speaker 5: that's because India really matters to New Zealand. With one

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Speaker 5: point four to five billion people, it is the most

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Speaker 5: populous nation on Earth, and its economy is on track

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Speaker 5: to being the third largest in the coming years. But

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Speaker 5: despite India's growth and scale, it remains just our twelfth

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Speaker 5: largest two way trading partner, accounting for one point five

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Speaker 5: percent of our exports.

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Speaker 4: And we need to step it up, all right.

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Speaker 2: Well, God be good to see them heading over there.

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Speaker 2: Everyone wants a free trade deal with India, by the way,

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Speaker 2: and they're all lining up to get one. And remember

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Speaker 2: that Trump famously said there's only one negotiator harder or

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Speaker 2: tougher than him in international politics, and that's Mody. So

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Speaker 2: good luck everybody. It's just gone fourteen minutes after four

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Speaker 2: here on news Talks. He b we'll get Jason Pine

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Speaker 2: with sport next. This text says on the issue of

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Speaker 2: Bailey going on, it's he's allowed a holiday. Yes, he

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Speaker 2: is allowed to holiday, but the question is where you

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Speaker 2: should have the holiday during when the house is sitting.

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Speaker 2: I mean, remember who else did that to party? Marty

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Speaker 2: co lead the Debbi Nadi would pack her off to Raratonga.

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Speaker 2: Did we approve of that? Fourteen after four it's.

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Speaker 1: The Heather d Pussy Allen Drive Full Show podcast on

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Speaker 1: iHeartRadio powered by News.

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Speaker 2: TALKSB News Talks EB. Seventeen minutes after four. You might

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Speaker 2: have heard about this or seen the video on social media.

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Speaker 2: It was that auditing point in Auckland, say a couple

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Speaker 2: of weeks back. This is the man who was holding

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Speaker 2: a metal pole. They initially policed and initially thought it

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Speaker 2: was a samurai sword, but he was holding a metal pole.

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Speaker 2: He was threat in police. They tried to come down,

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Speaker 2: didn't work. He ended up biting, according to police, the

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Speaker 2: hand of one of the officers. Police then taise him,

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Speaker 2: so they try a couple of times to work it out,

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Speaker 2: doesn't work. They then taise him. He then dies. Now

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Speaker 2: his family are obviously very upset, but there is David

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Speaker 2: Telly's gotten involved because they want every single police officer

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Speaker 2: in New Zealand to have a body camera on them

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Speaker 2: so that this sort of thing doesn't happen again. They

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Speaker 2: are very expensive things like sure, buying a body camera

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Speaker 2: is one off expense is not that bad. But it's

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Speaker 2: storing all of the footage, collecting all of the footage,

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Speaker 2: all of the legal implication. There's a whole bunch of

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Speaker 2: stuff that you have to consider when you talk about

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Speaker 2: body cams for every single cop. So David Telly be

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Speaker 2: with us after five to discuss that. Eighteen after four

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Speaker 2: now station plans here. Good afternoon to you. Hello Ryan,

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Speaker 2: So was it worth staying up for last night?

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Speaker 6: Well, I mean inevitably no, but no, Look, I think

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Speaker 6: you know India deserved to win the game. There's no

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Speaker 6: way of getting around that. I just wonder about New

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Speaker 6: Zealand's approach to it in terms of selection, Ryan. They knew,

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Speaker 6: I think fairly early in the piece that Matt Henry

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Speaker 6: probably wasn't going to make it. They went like for like,

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Speaker 6: brought Nathan Smith and as a seam bowler only bowled

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Speaker 6: two overs. India have been playing in Dubai for the

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Speaker 6: last month and have played four spinners in every game.

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Speaker 6: As it happened last night, thirty five of the forty

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Speaker 6: nine overs we bolb with spin over. So I reckon

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Speaker 6: you could have left Nathan Smith out, maybe stiff in

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Speaker 6: the batting up a bit with Mark Chapman or even

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Speaker 6: Devin Conway, but hin INSIGHT's a wonderful thing. I don't

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Speaker 6: think it would have changed the change the result, but

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Speaker 6: I just thought it was an interesting little selection decision

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Speaker 6: they made at the start of the game.

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Speaker 2: Yeah, the Super Rugby season those going fantastically, isn't it?

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Speaker 2: How good?

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Speaker 6: Apart from the fact you've got to scroll all the

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Speaker 6: way to the bottom to find the Hurricanes, which is

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Speaker 6: a little bit problematic in my part of the country,

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Speaker 6: I think it's tremendous. I mean across the weekend, you know,

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Speaker 6: we had upsets again, the Blues losing to the Brumbies,

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Speaker 6: the Chiefs who hadn't lost at all losing the Fiji,

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Speaker 6: and Drewer My Hurricanes going down to Morena Pacifica. There

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Speaker 6: are three Australian sides in the top six at the moment,

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Speaker 6: and really from week to week, from game to game,

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Speaker 6: you don't know who's going to beat who. Which is

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Speaker 6: I think the bead rock of any good sporting competition.

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Speaker 6: So look, who knows whether the New Zealand teams will

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Speaker 6: end up rising to the top at the end of

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Speaker 6: the season or not. I actually don't think they will.

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Speaker 6: I think this will be one of the more even

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Speaker 6: Super Rugby competitions we have. I wouldn't be at all

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Speaker 6: surprised if the likes of the Fijian drewer even more

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Speaker 6: oner Pacifica and certainly a couple of the Australian sides

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Speaker 6: find themselves in the in the playoffs at the end

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Speaker 6: of the season.

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Speaker 2: Interesting. That's bad for us, though, isn't it.

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Speaker 4: Well?

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Speaker 6: I guess if you zoom out it is. But if

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Speaker 6: you just look at Super rugby as an entertainment product,

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Speaker 6: I think is great for the competition. I'm sure the

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Speaker 6: All Blacks will be okay.

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Speaker 2: Right Jason, Thank you. Jason. Find Sports Talk post seven

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Speaker 2: o'clock tonight, News Talks be It is twenty after four.

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Speaker 2: Luxon's been addressing at postcap. By the way, the poll obviously,

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Speaker 2: we're gonna talk to Jordan Williams about that after five,

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Speaker 2: find out how he's tracking, what are the numbers telling us,

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Speaker 2: But we'll also bring your reaction from Luxon to his

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Speaker 2: poll result.

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Speaker 4: Shortly checking the point of the story.

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Speaker 1: It's Ryan Bridge John here the Duplice Ellen Drive with

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Speaker 1: one new Zealand.

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Speaker 4: Let's get connected and use dogs.

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Speaker 2: That'd be twenty three minutes after four. Great to have

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Speaker 2: you with me this afternoon. I'll get to some of

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Speaker 2: your texts in just a second. So Luxon has been

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Speaker 2: doing his postcab Press said this afternoon. Has been asked

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Speaker 2: obviously about the poll from the Taxpayers Union. It's got

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Speaker 2: hipkins ahead of him, it's got labor ahead of him,

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Speaker 2: so it's not a great picture for him off this

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Speaker 2: one pole, although there have been a few. Now this

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Speaker 2: is how he responded, Well, I just say to you, look,

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Speaker 2: I never have obsessed too much on poles, as you

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Speaker 2: know when we've talked about them in the past, and

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Speaker 2: it's the same position.

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Speaker 5: I'm here to do a job, and the job is

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Speaker 5: to turn New Zealand around. The job is to get

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Speaker 5: our economy sorted. It is to restore or in order

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Speaker 5: to live a better health and service, health and education,

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Speaker 5: and that's what we're focused on. So I think me

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Speaker 5: talking about myself and poles isn'tarticularly helpful. I think what's

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Speaker 5: actually really important is getting into the work and fixing

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Speaker 5: things and getting things sort of for keiwiks.

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Speaker 2: So there you go. I suppose that's part of the course.

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Speaker 2: That's the standard response from a prime minister who's had

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Speaker 2: a bad poll. What about the issue with Andrew Bailey.

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Speaker 2: This is the thing that sort of a wound mean today,

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Speaker 2: So Luxon himself has to sign off. If you've got

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Speaker 2: him well, he was no longer a minister, but an MP.

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Speaker 2: Who wants to take leave, especially when the house is sitting,

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Speaker 2: then that has to be signed off by the boss,

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Speaker 2: and that is the Prime Minister. So a couple of

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Speaker 2: days after Bailey quits as a minister, he asked for

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Speaker 2: some leave and the Prime Minister signs it off. He's

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Speaker 2: what he had to say.

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Speaker 5: Yes, yes, I think it's appropriate that after a big

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Speaker 5: decision like that that he's allowed some time out to

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Speaker 5: clear his head. It's not the thing that I would

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Speaker 5: be doing going to base camp. It's I might choose

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Speaker 5: to do it in a different way, but the bottom

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Speaker 5: liners look each their own and it's important that he

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Speaker 5: has some time to clear his head and that's entirely appropriate.

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Speaker 4: I don't know about that.

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Speaker 2: I think there'll be a lot of people who go

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Speaker 2: I mean, it's look, it's not the biggest issue in

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Speaker 2: the world today. Let's be clear about that. But I

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Speaker 2: think a lot of people will go, ah, you're stuffed up.

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Speaker 2: You know, yes you resigned, but then you should just

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Speaker 2: sit there on the back and take your punishment, you know.

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Speaker 2: Skiving off to Nepal for a hike for a couple

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Speaker 2: of weeks probably won't go down well with a lot

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Speaker 2: of Kiwis. I wouldn't think twenty five after four, Ryan Bridge,

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Speaker 2: So the banker Mark Karney, who is taking over the

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Speaker 2: Liberal Party and then the Prime ministership. We're going to

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Speaker 2: talk to an expert out of Canada about this after five,

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Speaker 2: because it's fascinating. You know, a couple of months ago,

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Speaker 2: we even a couple of weeks ago, it didn't look

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Speaker 2: like the Liberals were going anywhere, look like they were

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Speaker 2: going to be turfed out of office. Well as they

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Speaker 2: tried to get a fourth term. Well that's all changed,

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Speaker 2: thanks and part two Tudau leaving, but also to Donald Trump.

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Speaker 2: So we'll look at that after five. Lots of feedback

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Speaker 2: already on this call for body cameras for all police officers, Ryan,

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Speaker 2: if you threaten the police with a weapon and a

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Speaker 2: sol an officer by biting them, then honestly, what do

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Speaker 2: you expect Ryan, don't the tasers already have cameras on

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Speaker 2: the mass bill bill, It's a good question. The old

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Speaker 2: tasers apparently did have cameras on them. The new ones

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Speaker 2: that we've bought don't. So that's why this issue is

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Speaker 2: rearing its head because they don't. And even if they

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Speaker 2: do have the taseres, it's the storing of all the

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Speaker 2: data and the videos and stuff like that. Lots of

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Speaker 2: feedback on that one. So we'll talk to Dave Lataley.

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Speaker 2: He's the one that's spearheading this petition calls for police

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Speaker 2: to all be body cameraed up the wazoo. He's with

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Speaker 2: US after five as well. Look at that pole with

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Speaker 2: the Taxpayers Union. They've got the numbers for US. US

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Speaker 2: talks big backing.

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Speaker 4: Some army tram, some.

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Speaker 7: Dream, Yes, Homy Dream.

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Speaker 4: I'm on a buy mmy Jay.

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Speaker 1: After making the news, the newsmakers talk to Ryan first.

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Speaker 1: It's Ryan Bridge on Hither Duplicy Ellen drive with one

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Speaker 1: New Zealand let's get connected.

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Speaker 4: News Talks ed B.

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Speaker 2: I think guy left him somewhere.

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Speaker 4: Are no longer go and I want you run away.

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Speaker 2: Now you have twenty five minutes away from five News Talks.

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Speaker 2: D b after five to thirty in rtound you might

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Speaker 2: have seen this story about a spike and homelessness. Homelessness

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Speaker 2: up fifty three percent. I think, my goodness, that's terrible.

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Speaker 2: How reliable are those numbers. We'll look at that after

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Speaker 2: five thirty tonight, now twenty five away from five, it's the.

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Speaker 4: World wires on News Talks dB drive to Canada.

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Speaker 2: Mark Carney, the banker. He will be the next prime

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Speaker 2: minister there. He's taking justin to those seat. Canadians will

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Speaker 2: head to the polls shortly. Canney will need to fight

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Speaker 2: off the Conservative Party, of course, and he'll do that

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Speaker 2: by bashing Donald Trump. We didn't ask for this faith.

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Speaker 8: The Canadians are always ready when someone else drives the gloves,

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Speaker 8: so the Americans.

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Speaker 2: They should make no mistake in trade.

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Speaker 8: As in hockey, Canada will win.

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Speaker 2: To Australia, Alfred is moving through the southeast Queensland and

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Speaker 2: northern New South Wales now, the premier saying it's basically

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Speaker 2: weakened but still some flash flooding.

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Speaker 9: We are making sure that we put out those major

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Speaker 9: flood warnings as they come to hand. Now that there

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Speaker 9: are creeks where we're advising people just to stay connected

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Speaker 9: and stay stay alert.

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Speaker 2: We'll have more from Australia correspondent to Oli Peterson with

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Speaker 2: US shortly. In fact, there's some late breaking news on

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Speaker 2: the terror suspects over there too. We'll look at that

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Speaker 2: finally this afternoon.

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Speaker 10: These allow needs introduce Mama Be.

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Speaker 2: A personal finance company. Don't know why they're involved, but

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Speaker 2: they have ranked the fifty US states from most to

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Speaker 2: least sinful. The study looked at fifty four indicators of

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Speaker 2: a moral behaviors, including violent crimes, alcohol use, and gambling. Naturally,

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Speaker 2: Nevada was the most sinful state because that's where Vegas

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Speaker 2: is of course, closely followed by California, where Los Angeles

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Speaker 2: is located. Idaho, New Hampshire were the least sinful states.

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Speaker 1: International correspondence with Ends and Eye Insurance Peace of Mind

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Speaker 1: for New Zealand Business.

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Speaker 2: Twenty three to five now Olipedson six pr Perth Life

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Speaker 2: presenters with us only Good afternoon, Ran, Good afternoon. What's

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Speaker 2: the story? Police rating some Sydney properties. This is the

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Speaker 2: investigation into the caravan terra plot.

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Speaker 11: Yeah, you'll remember this back in January when this was

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Speaker 11: discovered by New South Wales police and there were directions

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Speaker 11: found in this caravan about the location of the Jewish

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Speaker 11: Museum in Sydney and the Great Synagogue, with signs saying

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Speaker 11: if the Jews. At the time, Chris Mean's, the New

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Speaker 11: South Wales premier, described this as you said, this incident

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Speaker 11: is terrorism. As we talk this afternoon, raids are been

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Speaker 11: carried out across Sydney by both federal and state police

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Speaker 11: investigating those organized crime links.

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Speaker 12: That's all the information we have at the moment.

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Speaker 11: I'm sure that police will be providing more intel on

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Speaker 11: that this afternoon.

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Speaker 12: But you do wonder exactly.

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Speaker 11: Who has been involved in this and the people who

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Speaker 11: were arrested on the investigation were charged over the caravan

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Speaker 11: plot earlier in the month, whether this is their family

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Speaker 11: members or whether these are people as known associates.

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Speaker 12: They're saying they have criminal links, and I'm sure we'll

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Speaker 12: discover more shortly.

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Speaker 2: Okay, let's talk about Alfred for a second, because it's

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Speaker 2: basically the worst of it is over, is that fear?

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Speaker 12: Yeah, the cyclone of itself, the worst of it is over.

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Speaker 11: But the Lochier Valley, for example, which they've described as

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Speaker 11: the inland tsunami, is facing now some flash flooding again.

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Speaker 11: This was claimed the lives you may recall back in

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Speaker 11: twenty eleven of about twelve people. The main street of

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Speaker 11: the town of Laidley, which is about an hour west

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Speaker 11: of Brisbane, is now underwater. Flash flooding is hitting Ipswich,

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Speaker 11: which is another major concern. They've also got issues in

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Speaker 11: northern New South Wales around Clarence Richmond Tweed rivers. Dozens

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Speaker 11: of sees warnings in place along those rivers, so obviously

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Speaker 11: everybody watching as well. All these river banks burst and

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Speaker 11: we'll have a repeat of what we saw back in

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Speaker 11: twenty eleven. So major flood warnings are in place in

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Speaker 11: lots of Southeast Queensland, northern New South Wales. We had

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Speaker 11: a man die on Friday who has swept into the

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Speaker 11: flood waters in northern New South Wales. Obviously all the

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Speaker 11: schools pretty.

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Speaker 12: Much in the area are closed.

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Speaker 11: Thirteen people were injured in a crash of two Australian

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Speaker 11: Defense Force vehicles near Lismo.

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Speaker 12: They're expected to.

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Speaker 11: Make a full recovery, but look, it is chaotic, so

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Speaker 11: the rain may have pretty much disappeared for the moment.

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Speaker 11: All the worst of the actual cyclonic conditions or ex

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Speaker 11: tropical cyclone have dissipated.

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Speaker 12: It's the flooding that has got everybody on very high alert.

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Speaker 2: And what about Elbow's chance has nothing to do with

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Speaker 2: the flooding, of course, but to the local elections out

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Speaker 2: your way.

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Speaker 12: Yeah, well it's a little bit of the flooding.

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Speaker 11: You know what, I think you'll see the pitches over

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Speaker 11: the weekend. You remember back in the nineties when John Howard,

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Speaker 11: the former Australian Prime Minister, always used to march around

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Speaker 11: in his Australian rugby track seit you remember those pictures, right, Yes,

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Speaker 11: well there you've got Albow walking around in the Australian

435
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Speaker 11: cricket track suit and I just, you know, commented to

436
00:21:10,920 --> 00:21:12,240
Speaker 11: a few of my colleagues.

437
00:21:12,320 --> 00:21:13,840
Speaker 12: You know, he's trying to do a John Howard here.

438
00:21:13,920 --> 00:21:15,359
Speaker 12: But look over the weekend.

439
00:21:15,400 --> 00:21:17,800
Speaker 11: On a more serious note, we had the Western Australian

440
00:21:17,840 --> 00:21:20,919
Speaker 11: election where all of a sudden, you need thirty seats

441
00:21:20,960 --> 00:21:23,240
Speaker 11: in our fifty nine seat parliament to govern and the

442
00:21:23,359 --> 00:21:25,480
Speaker 11: Labour Party give you an example here, the Labor Party

443
00:21:25,520 --> 00:21:27,679
Speaker 11: had such control that the Libs were decimated to.

444
00:21:27,760 --> 00:21:28,439
Speaker 4: Just two seats.

445
00:21:28,720 --> 00:21:31,160
Speaker 12: Four years ago, we've just had the state election.

446
00:21:31,200 --> 00:21:34,199
Speaker 11: There's still counting going on the Libs congratulations have more

447
00:21:34,240 --> 00:21:36,680
Speaker 11: than doubled their seats to five, but it looks like

448
00:21:36,720 --> 00:21:37,760
Speaker 11: they won't do much better than that.

449
00:21:37,800 --> 00:21:40,240
Speaker 12: I mean, that is a horrible result for the Liberal Party.

450
00:21:40,280 --> 00:21:43,080
Speaker 11: So if you are Anthony Alberanzi today you have got

451
00:21:43,119 --> 00:21:45,879
Speaker 11: a smile from ear to ear because look, the opinion

452
00:21:45,920 --> 00:21:48,560
Speaker 11: polls today are still looking like a hung parliament federally

453
00:21:48,600 --> 00:21:49,359
Speaker 11: whenever he calls that.

454
00:21:49,880 --> 00:21:52,640
Speaker 12: But in Western Australia, which was expected to really.

455
00:21:52,600 --> 00:21:56,000
Speaker 11: Fall and go hard for Albanesi, he would look at

456
00:21:56,040 --> 00:21:58,320
Speaker 11: that state election result over the weekend and think, I mean,

457
00:21:58,400 --> 00:21:59,960
Speaker 11: with a real chance here of holding all the seats

458
00:22:00,080 --> 00:22:03,159
Speaker 11: that he gained in Western Australia and maybe hold on

459
00:22:03,560 --> 00:22:07,119
Speaker 11: to minority governments if he is to win the federal election.

460
00:22:07,400 --> 00:22:11,040
Speaker 2: Fascinating stuff and interesting the suburb breakdown, the inner versus

461
00:22:11,119 --> 00:22:13,960
Speaker 2: out of suburbs. Basically the further you drive from Perth,

462
00:22:14,080 --> 00:22:17,199
Speaker 2: the more they don't like elbow right absolutely.

463
00:22:17,359 --> 00:22:20,040
Speaker 11: And there's the live cheap export industry which is being

464
00:22:20,080 --> 00:22:22,240
Speaker 11: phased out that hits Western Australia really hard.

465
00:22:22,640 --> 00:22:24,240
Speaker 12: So that's something which is interesting.

466
00:22:24,280 --> 00:22:25,960
Speaker 11: But out of the results here in Perth, just quickly

467
00:22:26,000 --> 00:22:28,600
Speaker 11: over the weekend while there was a big swing against

468
00:22:28,640 --> 00:22:29,840
Speaker 11: the incumbents, the Labor Party.

469
00:22:30,160 --> 00:22:32,639
Speaker 12: Everybody's going minor parties, not just Greens.

470
00:22:32,680 --> 00:22:34,960
Speaker 11: They're looking at independents, they're looking people from the left,

471
00:22:35,040 --> 00:22:37,560
Speaker 11: right out party. They're just getting off the majors. And

472
00:22:37,600 --> 00:22:40,360
Speaker 11: that is a theme that's been running in Australian politics

473
00:22:40,400 --> 00:22:43,360
Speaker 11: for some time. It's really gaining traction and momentum.

474
00:22:43,600 --> 00:22:46,120
Speaker 2: Fascinating stuff. Thank you so much for that, Oli Peterson,

475
00:22:46,160 --> 00:22:48,960
Speaker 2: six pur Perth Live. Presenter time is nineteen minutes away

476
00:22:49,000 --> 00:22:51,359
Speaker 2: from five. You're on News Talk c B. It's interesting

477
00:22:51,400 --> 00:22:54,560
Speaker 2: because the Australian election I thought last year was going

478
00:22:54,640 --> 00:22:57,400
Speaker 2: to go Dutton's way, but now it's sort of it's

479
00:22:57,400 --> 00:22:59,800
Speaker 2: a little shaky, little up in the air. As for

480
00:22:59,840 --> 00:23:03,520
Speaker 2: the Canadians, I mean, that is quite shocking, but it

481
00:23:03,640 --> 00:23:05,520
Speaker 2: just goes to show that when things change, you have

482
00:23:05,600 --> 00:23:08,200
Speaker 2: to reevaluate, don't you. I mean with Trump coming along,

483
00:23:08,400 --> 00:23:14,000
Speaker 2: and then it's basically because the Conservatives over in Canada

484
00:23:14,240 --> 00:23:16,720
Speaker 2: they're just not going hard enough against Trump and they

485
00:23:16,840 --> 00:23:19,639
Speaker 2: see them as too aligned with his you know, his

486
00:23:20,040 --> 00:23:23,520
Speaker 2: way of thinking like a little lap dog. So they're

487
00:23:23,600 --> 00:23:27,200
Speaker 2: potentially going to give the liberals there a fourth term

488
00:23:27,359 --> 00:23:29,960
Speaker 2: after three of trudeau eighteen to five.

489
00:23:29,840 --> 00:23:34,320
Speaker 1: Politics with centrics credit, check your customers and get payment certainty.

490
00:23:34,080 --> 00:23:36,640
Speaker 2: News talks, he'd be sixteen and now fifteen away from

491
00:23:36,720 --> 00:23:38,879
Speaker 2: five high. Ryan, the poll is hard to fare them,

492
00:23:38,960 --> 00:23:42,159
Speaker 2: Crime down, education and proving costs of living down. What

493
00:23:42,359 --> 00:23:45,920
Speaker 2: do people want Barry's soapers here? They want Barry Soaper,

494
00:23:46,000 --> 00:23:47,680
Speaker 2: Senior political correspondent Hay Baz.

495
00:23:48,280 --> 00:23:51,000
Speaker 13: I'll tell you what Chris likes going to be earning

496
00:23:51,080 --> 00:23:54,040
Speaker 13: his money this week. I've got to say, Ryan, because

497
00:23:54,800 --> 00:23:58,000
Speaker 13: you know he's got this investment summit he's got to

498
00:23:58,080 --> 00:24:01,200
Speaker 13: appear at and then he's off to India with the

499
00:24:01,359 --> 00:24:04,639
Speaker 13: largest delegation that New Zealand has taken away. It's a

500
00:24:04,680 --> 00:24:07,000
Speaker 13: business delegation. A lot of Indians will be on it

501
00:24:07,640 --> 00:24:10,639
Speaker 13: in New Zealand Indians and they'll be trying to conjure

502
00:24:10,720 --> 00:24:13,240
Speaker 13: up business there. And don't forget Chris Luxon did say

503
00:24:13,720 --> 00:24:16,960
Speaker 13: that in the first term of his government he would

504
00:24:17,000 --> 00:24:19,359
Speaker 13: hope to have a free trade agreement with India. One

505
00:24:19,440 --> 00:24:24,560
Speaker 13: point four five billion people, the most populous continent on Earth.

506
00:24:25,000 --> 00:24:29,480
Speaker 13: So that's a big ask. And I've been to India

507
00:24:29,520 --> 00:24:32,879
Speaker 13: on a number of occasions with various prime ministers. I

508
00:24:32,920 --> 00:24:35,080
Speaker 13: went there with John Key was the last time I

509
00:24:35,240 --> 00:24:38,080
Speaker 13: was there, and he was looking forward to a free

510
00:24:38,119 --> 00:24:41,520
Speaker 13: trade agreement with India as well. Very hard to get.

511
00:24:41,800 --> 00:24:45,320
Speaker 13: Dairy is a big problem in India, which is for

512
00:24:45,480 --> 00:24:49,840
Speaker 13: obvious reasons. So you know, we only export at the

513
00:24:49,880 --> 00:24:54,320
Speaker 13: moment one point four five percent of our exports to Indias.

514
00:24:54,400 --> 00:24:58,160
Speaker 13: So it's a very important trade trip and let's hope

515
00:24:58,160 --> 00:25:01,280
Speaker 13: they could pull it off. Tom mcclay's been there on

516
00:25:01,320 --> 00:25:05,040
Speaker 13: a number of occasions. Winston Peter's been there. Labor I

517
00:25:05,119 --> 00:25:07,480
Speaker 13: don't know whether they ever went there during the final

518
00:25:07,600 --> 00:25:09,359
Speaker 13: three years of the Labor government.

519
00:25:09,359 --> 00:25:10,520
Speaker 2: Well that didn't really go anywhere.

520
00:25:10,640 --> 00:25:12,720
Speaker 13: No, it's back on the agenda, and I think that's

521
00:25:12,720 --> 00:25:13,199
Speaker 13: a great thing.

522
00:25:13,359 --> 00:25:15,080
Speaker 2: No, I think it's a great thing. Too interesting that

523
00:25:15,119 --> 00:25:17,159
Speaker 2: it's going to be the third largest economy in the

524
00:25:17,200 --> 00:25:20,040
Speaker 2: world shortly because Germany's on the decline and on the

525
00:25:20,080 --> 00:25:22,840
Speaker 2: app now this poll let's talk about them.

526
00:25:22,880 --> 00:25:26,600
Speaker 13: Well, what a bloody nightmare, isn't it for Luxen He

527
00:25:26,800 --> 00:25:30,119
Speaker 13: just can't get traction. And it's really interesting. And I

528
00:25:30,200 --> 00:25:33,480
Speaker 13: went back over prime ministers and where they would be

529
00:25:33,640 --> 00:25:38,200
Speaker 13: at during their terms as prime minister. At the stage,

530
00:25:38,720 --> 00:25:42,480
Speaker 13: we looked at Helen Clark, who could never poll. When

531
00:25:42,560 --> 00:25:45,240
Speaker 13: she was in opposition, she was always called miss three

532
00:25:45,320 --> 00:25:48,240
Speaker 13: percent I think. But when she became prime minister. For

533
00:25:48,359 --> 00:25:51,320
Speaker 13: the nine years she was prime minister, she had an

534
00:25:51,359 --> 00:25:55,320
Speaker 13: average rating of sixty four percent. It's preferred prime minister,

535
00:25:56,200 --> 00:25:59,680
Speaker 13: John Key saying for the seven years he was prime

536
00:25:59,680 --> 00:26:03,560
Speaker 13: ministers to sixty four percent average and poor older Chris

537
00:26:03,680 --> 00:26:09,680
Speaker 13: Luxon is right down there behind now, behind Chris hipkins

538
00:26:10,240 --> 00:26:13,200
Speaker 13: On in the twenties, in the early twenties. And the

539
00:26:13,280 --> 00:26:17,880
Speaker 13: problem for them is that if they had an election now,

540
00:26:17,960 --> 00:26:20,520
Speaker 13: which of course we won't be fortunately, but if we

541
00:26:20,600 --> 00:26:23,800
Speaker 13: did have, the center right would not be able to

542
00:26:23,920 --> 00:26:26,840
Speaker 13: form a government, even with New Zealand first, So we'd

543
00:26:26,880 --> 00:26:30,639
Speaker 13: be looking at the Labor Party, the Greens and the

544
00:26:30,800 --> 00:26:33,400
Speaker 13: Maldi Party, God forbid, and that's what we'd get.

545
00:26:33,600 --> 00:26:36,560
Speaker 2: But that's not to say that's what would happen, is it.

546
00:26:36,680 --> 00:26:38,440
Speaker 2: I mean, this is a pole, This is asking what

547
00:26:38,600 --> 00:26:41,639
Speaker 2: how do you feel? Is this a protest vote against

548
00:26:41,880 --> 00:26:44,440
Speaker 2: how people are feeling in the economy, etc. Or is

549
00:26:44,520 --> 00:26:47,280
Speaker 2: this totally it's not a I will vote for hipkins.

550
00:26:47,280 --> 00:26:50,679
Speaker 13: No well preferred prime minister. Who would you prefer as

551
00:26:50,760 --> 00:26:52,959
Speaker 13: being Prime Minister. I mean, Hipkins has been out there

552
00:26:52,960 --> 00:26:54,959
Speaker 13: a lot, but I'll tell you what I thought luxA

553
00:26:55,040 --> 00:26:57,280
Speaker 13: was quite realistic when he was asked about it just

554
00:26:57,440 --> 00:27:00,320
Speaker 13: now at his news conference. The ratings aren't good, but

555
00:27:00,440 --> 00:27:02,000
Speaker 13: he says he's a realist.

556
00:27:02,320 --> 00:27:05,040
Speaker 5: New Zealanders are expecting this government, and they voted for

557
00:27:05,119 --> 00:27:08,040
Speaker 5: this government to fix the economy. And when you've gone

558
00:27:08,040 --> 00:27:10,840
Speaker 5: through a period of time of extended inflation, where the

559
00:27:10,880 --> 00:27:13,400
Speaker 5: cost of living has been out of control, where life

560
00:27:13,520 --> 00:27:15,639
Speaker 5: is tough in getting through from shop to shop is

561
00:27:15,680 --> 00:27:18,880
Speaker 5: incredibly difficult for people in each of their weekly expenses

562
00:27:18,920 --> 00:27:19,680
Speaker 5: that they have to incur.

563
00:27:20,080 --> 00:27:21,000
Speaker 4: That is a real, real.

564
00:27:20,960 --> 00:27:22,320
Speaker 5: Challenge if the New Zealanders are going to have an

565
00:27:22,320 --> 00:27:25,320
Speaker 5: opportunity in twenty twenty six to make a decision around

566
00:27:25,960 --> 00:27:28,440
Speaker 5: Chris Hipkins or myself and our respective governments. And what

567
00:27:29,000 --> 00:27:30,760
Speaker 5: my job is to make sure is that New Zealanders

568
00:27:30,840 --> 00:27:33,960
Speaker 5: can see that they are better off under my government.

569
00:27:34,520 --> 00:27:36,000
Speaker 13: And that's what it will come to in the end,

570
00:27:37,000 --> 00:27:39,840
Speaker 13: that decision. But we're a long way off it yet.

571
00:27:39,840 --> 00:27:42,919
Speaker 13: There's a lot of political water to flow under the bridge.

572
00:27:43,400 --> 00:27:46,760
Speaker 13: So we ain't heard the last of Chris likes and yet.

573
00:27:46,840 --> 00:27:50,400
Speaker 2: Certainly not now the grands Tamatha Paul has said something

574
00:27:50,440 --> 00:27:51,760
Speaker 2: about prisons. What's she's saying?

575
00:27:51,880 --> 00:27:56,600
Speaker 13: Very well, she's now expressed regret. She went on TikTok

576
00:27:56,680 --> 00:27:59,680
Speaker 13: saying this. But the thing is that you know she

577
00:28:00,119 --> 00:28:01,879
Speaker 13: is a member of parliament. She used to be a

578
00:28:01,960 --> 00:28:06,280
Speaker 13: Green councilor with the Wellington City Council and the last

579
00:28:06,320 --> 00:28:11,440
Speaker 13: election she got into parliament. This is what Paul posted

580
00:28:11,520 --> 00:28:13,120
Speaker 13: to her followers on TikTok.

581
00:28:13,359 --> 00:28:14,960
Speaker 10: A lot of people are saying, oh my gosh, people

582
00:28:15,000 --> 00:28:16,160
Speaker 10: in prison get fed better food.

583
00:28:16,200 --> 00:28:17,080
Speaker 14: Have you been to a prison?

584
00:28:17,400 --> 00:28:19,119
Speaker 10: I just want to tell you, first of all, the

585
00:28:19,200 --> 00:28:22,080
Speaker 10: vast majority of people who are in prisons are therefore

586
00:28:22,200 --> 00:28:25,160
Speaker 10: nonviolent offenses, so things that they've had to do as

587
00:28:25,160 --> 00:28:29,560
Speaker 10: a response to poverty, such as stealing food or being dishonest,

588
00:28:29,960 --> 00:28:34,080
Speaker 10: or they don't have an address to get community sentencing

589
00:28:34,240 --> 00:28:37,480
Speaker 10: or bail, so they have to be in prison. I

590
00:28:37,560 --> 00:28:42,000
Speaker 10: think this comparison is really unhelpful, especially because most of

591
00:28:42,040 --> 00:28:44,520
Speaker 10: the people that are in prison, they're being punished for

592
00:28:44,600 --> 00:28:47,160
Speaker 10: being disabled, They're being punished for being Paul, They're being

593
00:28:47,200 --> 00:28:48,200
Speaker 10: punished for being body.

594
00:28:49,080 --> 00:28:52,600
Speaker 13: She has just out to lunch and that was made

595
00:28:52,640 --> 00:28:58,560
Speaker 13: by the Corrections Minister. That observation Metchell, Mark Mitchell. But

596
00:28:58,640 --> 00:29:01,040
Speaker 13: if you look at as I did that look at

597
00:29:01,120 --> 00:29:07,480
Speaker 13: the Correction's latest survey for December twenty four, the top

598
00:29:07,600 --> 00:29:13,160
Speaker 13: three categories of people in prison, twenty point seven percent

599
00:29:14,240 --> 00:29:20,240
Speaker 13: are there for sexual assaults, the twenty over twenty percent

600
00:29:20,600 --> 00:29:23,520
Speaker 13: they are there for causing injury to other people, and

601
00:29:24,560 --> 00:29:27,959
Speaker 13: the ten percent that drops back to ten percent are

602
00:29:28,040 --> 00:29:33,480
Speaker 13: there for burglary with intent. No, it's intent to obviously

603
00:29:33,800 --> 00:29:38,240
Speaker 13: incur some injury to whoever's being burgled. So to say

604
00:29:38,360 --> 00:29:43,240
Speaker 13: what she said, you'd wonder where this woman was certainly

605
00:29:43,320 --> 00:29:45,880
Speaker 13: not in Parliament, not one of our representatives.

606
00:29:46,360 --> 00:29:50,920
Speaker 2: Please very Sofa Senior political correspondent here on News TALKSMB

607
00:29:51,520 --> 00:29:53,280
Speaker 2: nine to five will look at that pole a little

608
00:29:53,320 --> 00:29:57,600
Speaker 2: closer with the Taxpayers Union after five o'clock, digging.

609
00:29:57,400 --> 00:30:00,760
Speaker 4: Into the issues that affect you. The breakfast.

610
00:30:00,840 --> 00:30:04,280
Speaker 14: Here is why it really doesn't matter this Hipkins reshuffle.

611
00:30:04,360 --> 00:30:06,640
Speaker 14: It was announced on Friday. The environment called is used

612
00:30:06,640 --> 00:30:08,600
Speaker 14: not by those people but by third parties. We go

613
00:30:08,680 --> 00:30:10,400
Speaker 14: we'll hold on as a wetland. There I need an

614
00:30:10,440 --> 00:30:11,120
Speaker 14: argument about it.

615
00:30:11,480 --> 00:30:14,000
Speaker 4: Yeah, we've seen a range of objections.

616
00:30:14,160 --> 00:30:17,320
Speaker 14: Just to explain wa Western Australia. The expectation on Saturday

617
00:30:17,400 --> 00:30:20,120
Speaker 14: night was it was all on big swing coming and

618
00:30:20,320 --> 00:30:21,840
Speaker 14: they're going to pick up a whole bunch of seats.

619
00:30:22,200 --> 00:30:22,760
Speaker 4: Didn't happen.

620
00:30:22,800 --> 00:30:25,480
Speaker 12: I address your ass like the numbers on a house,

621
00:30:25,640 --> 00:30:26,800
Speaker 12: how other numbers on a house.

622
00:30:26,800 --> 00:30:28,600
Speaker 14: I don't know what your numbers on a house are.

623
00:30:29,440 --> 00:30:30,600
Speaker 2: I don't want to dress your ass.

624
00:30:30,920 --> 00:30:33,640
Speaker 14: Back tomorrow at six am, the mic asking breakfast with

625
00:30:33,680 --> 00:30:34,720
Speaker 14: the rain drove of the laugh.

626
00:30:34,840 --> 00:30:38,520
Speaker 2: News Talk zed b and it is six minutes away

627
00:30:38,560 --> 00:30:40,560
Speaker 2: from five here on News Talk said big, great to

628
00:30:40,640 --> 00:30:42,360
Speaker 2: have you with me this afternoon. We'll get some of

629
00:30:42,360 --> 00:30:45,200
Speaker 2: your feedback in a second. But back to Canada very briefly,

630
00:30:45,400 --> 00:30:49,000
Speaker 2: so Trudeau obviously is seea later and the new the

631
00:30:49,080 --> 00:30:51,680
Speaker 2: bankers in town. This is the will be new Prime

632
00:30:51,760 --> 00:30:55,920
Speaker 2: Minister Mark Carney anyway, so Trudeau has his goodbye moment.

633
00:30:56,000 --> 00:30:58,520
Speaker 2: He didn't mince his words when he talked about the

634
00:30:58,680 --> 00:31:02,720
Speaker 2: friction that kept Ottawa has with the Washington At the moment.

635
00:31:02,920 --> 00:31:08,959
Speaker 15: As Canadians face from our neighbor, an existential challenge, an

636
00:31:09,000 --> 00:31:14,840
Speaker 15: economic crisis, Canadians are showing exactly.

637
00:31:14,720 --> 00:31:16,440
Speaker 13: What we are made of.

638
00:31:19,280 --> 00:31:22,880
Speaker 2: Yes now after justin Mark Carney took to the stage

639
00:31:23,040 --> 00:31:24,840
Speaker 2: and he had a crack and this is important what

640
00:31:24,960 --> 00:31:26,520
Speaker 2: he is trying to do. He had a crack at

641
00:31:26,520 --> 00:31:27,880
Speaker 2: Donald Trump as well. Have a listen.

642
00:31:28,000 --> 00:31:33,600
Speaker 8: He's attacking Canadian families, workers and businesses and we cannot

643
00:31:33,840 --> 00:31:35,200
Speaker 8: let him succeed.

644
00:31:37,000 --> 00:31:37,640
Speaker 12: And we won't.

645
00:31:38,560 --> 00:31:38,960
Speaker 16: We won't.

646
00:31:39,720 --> 00:31:43,160
Speaker 2: This is the difference between the two parties now. The

647
00:31:43,640 --> 00:31:45,960
Speaker 2: Liberals are trying to say with their new leader, Mark Carr,

648
00:31:45,960 --> 00:31:48,520
Speaker 2: and they're trying to say those Conservatives they are a

649
00:31:48,560 --> 00:31:51,920
Speaker 2: little too much like Donald Trump, aren't they, And they

650
00:31:51,960 --> 00:31:55,200
Speaker 2: are bending over to him basically, you know, they're not

651
00:31:55,280 --> 00:31:58,160
Speaker 2: being hard enough on Donald Trump. I'm here, I used

652
00:31:58,160 --> 00:32:00,200
Speaker 2: to run the central bank here, I used to the

653
00:32:00,240 --> 00:32:02,600
Speaker 2: Central Bank in the UK, and I'm going to tough

654
00:32:02,720 --> 00:32:05,360
Speaker 2: talk Donald Trump. I'm going to get those tariffs down.

655
00:32:06,160 --> 00:32:09,200
Speaker 2: That is the approach from this new Liberal leader, this

656
00:32:09,320 --> 00:32:11,520
Speaker 2: new Prime minister. And they reckon he'll probably go to

657
00:32:11,600 --> 00:32:13,120
Speaker 2: the polls straight away as soon as he gets in

658
00:32:13,160 --> 00:32:15,680
Speaker 2: because he doesn't have a seat in the House. He's

659
00:32:16,120 --> 00:32:18,960
Speaker 2: basically going to get in once he's sworn and goes

660
00:32:19,000 --> 00:32:21,440
Speaker 2: straight to the polls. The rit time is I think

661
00:32:21,520 --> 00:32:25,800
Speaker 2: thirty seven days, so by this time next month. Certainly

662
00:32:25,840 --> 00:32:27,479
Speaker 2: by the end of next month they would have had

663
00:32:27,600 --> 00:32:30,440
Speaker 2: an election in Canada, and he is very much hoping

664
00:32:30,520 --> 00:32:33,880
Speaker 2: that he'll ride that wave, that momentum to a fourth term,

665
00:32:33,960 --> 00:32:37,400
Speaker 2: potentially for the Liberals over in Canada. Time is four

666
00:32:37,480 --> 00:32:40,800
Speaker 2: minutes away from five now. He's staying with Trump just

667
00:32:40,920 --> 00:32:44,040
Speaker 2: very briefly. He has spoken about the fact that he's

668
00:32:44,080 --> 00:32:46,440
Speaker 2: not saying they'll go into a recession in the US,

669
00:32:46,480 --> 00:32:48,720
Speaker 2: which of course we care about because when they sneeze,

670
00:32:48,760 --> 00:32:51,960
Speaker 2: we shiver. But he said that it's possible. Have listened.

671
00:32:53,040 --> 00:32:55,240
Speaker 10: Look, I know that you inherited a mass and you

672
00:32:55,360 --> 00:32:58,040
Speaker 10: say the other be here. Fo are you expecting a

673
00:32:58,120 --> 00:32:59,000
Speaker 10: reception this year?

674
00:33:00,840 --> 00:33:03,880
Speaker 17: I hate to predict things like that. There is a

675
00:33:04,320 --> 00:33:07,720
Speaker 17: period of transition because what we're doing is very big.

676
00:33:08,080 --> 00:33:09,800
Speaker 4: We're bringing wealth back to America.

677
00:33:10,440 --> 00:33:13,840
Speaker 17: That's a big thing, and there are always periods of

678
00:33:15,280 --> 00:33:18,560
Speaker 17: it takes a little time. It takes a little time.

679
00:33:19,080 --> 00:33:21,640
Speaker 2: Yeah, well, let's hope not. It is the world's biggest economy.

680
00:33:21,720 --> 00:33:24,520
Speaker 2: There are some predictions out there they'll contract in a quarter.

681
00:33:24,640 --> 00:33:28,440
Speaker 2: One of course, two quarters a beer recession. Fingers crossed it.

682
00:33:28,920 --> 00:33:33,560
Speaker 2: Quitter news for the rest of US news talks at Benet.

683
00:33:33,640 --> 00:33:38,680
Speaker 2: You can get to you from.

684
00:33:42,280 --> 00:33:48,720
Speaker 4: Travel talking, can go to all this lame night.

685
00:33:49,080 --> 00:33:58,280
Speaker 18: Talking questions, answers, thanks analysis, the Drive show you trust

686
00:33:58,440 --> 00:33:59,479
Speaker 18: for the full picture.

687
00:33:59,640 --> 00:34:03,600
Speaker 4: Brian bridge On, Heather Duplicy Ellen Drive with one New Zealand.

688
00:34:03,840 --> 00:34:05,920
Speaker 4: Let's get connected news talks that'd be.

689
00:34:06,040 --> 00:34:08,879
Speaker 2: Good even at seven after five. Big story today, of course,

690
00:34:08,920 --> 00:34:12,520
Speaker 2: is this Taxpayer Union Courier poll question? Is this far

691
00:34:12,680 --> 00:34:15,520
Speaker 2: from an election? Should anyone really care? The numbers are

692
00:34:15,600 --> 00:34:19,280
Speaker 2: the Nats half a point behind Labor Luxon has dropped

693
00:34:19,360 --> 00:34:23,280
Speaker 2: below Chris Hopkins in terms of favorability act the Greens

694
00:34:23,360 --> 00:34:25,840
Speaker 2: New Zealand first all down while the Multi Party is

695
00:34:25,920 --> 00:34:28,640
Speaker 2: up two points to six and a half percent. Taxpayers

696
00:34:28,760 --> 00:34:31,600
Speaker 2: Union executive director Jordan Williams is with me tonight, Jordan,

697
00:34:31,680 --> 00:34:34,800
Speaker 2: get a good ryn. Is this a trend? Is this

698
00:34:34,960 --> 00:34:36,560
Speaker 2: something you start to freak out about?

699
00:34:38,000 --> 00:34:39,719
Speaker 19: Well, I don't freak out about it. I don't have

700
00:34:39,760 --> 00:34:42,880
Speaker 19: a pony in this in this race. I run a

701
00:34:43,040 --> 00:34:44,040
Speaker 19: humble tax.

702
00:34:43,920 --> 00:34:46,359
Speaker 2: Pat don't mean you, I mean, I mean, if you're

703
00:34:46,360 --> 00:34:49,480
Speaker 2: on the ninth floor, do you start hitting panic stations?

704
00:34:50,719 --> 00:34:53,919
Speaker 19: H Well, certainly things have got to start getting urgent

705
00:34:54,120 --> 00:34:57,960
Speaker 19: because it is not as you say, it's the trend.

706
00:34:58,200 --> 00:34:59,839
Speaker 4: You know, it does a pole matter this far?

707
00:35:00,560 --> 00:35:03,280
Speaker 19: Of course it doesn't, but it does give you information.

708
00:35:03,480 --> 00:35:07,640
Speaker 19: And the information is is that the current trend or

709
00:35:07,719 --> 00:35:11,640
Speaker 19: the current direction the government is on isn't finding favorite

710
00:35:11,680 --> 00:35:14,680
Speaker 19: with voters. And I would argue that is because you know,

711
00:35:14,800 --> 00:35:19,480
Speaker 19: the key sweetener that the NATS offer is credible economic management.

712
00:35:20,239 --> 00:35:24,600
Speaker 19: And whilst they've certainly conservatively managed the economy, I would

713
00:35:24,680 --> 00:35:28,279
Speaker 19: argue they haven't done enough heavy lifting last year to

714
00:35:28,400 --> 00:35:32,799
Speaker 19: actually see the effects of a we'll see a better

715
00:35:32,960 --> 00:35:36,840
Speaker 19: economy and you know, the New Zealanders to feel that.

716
00:35:37,000 --> 00:35:40,320
Speaker 19: I think that this poll should send alarm bells because

717
00:35:40,360 --> 00:35:43,960
Speaker 19: we are now only eighteen months away from Christopher lux

718
00:35:44,000 --> 00:35:47,360
Speaker 19: and having going having to go to the public to

719
00:35:47,520 --> 00:35:51,600
Speaker 19: ask that, you know, reagan fundamental question, do you feel

720
00:35:51,680 --> 00:35:53,640
Speaker 19: better off than three years ago?

721
00:35:53,960 --> 00:35:54,799
Speaker 2: Isn't there right now?

722
00:35:55,120 --> 00:35:55,920
Speaker 4: That answer is known?

723
00:35:56,320 --> 00:35:59,000
Speaker 2: But isn't that the problem for Hopkins as well? People

724
00:35:59,040 --> 00:36:01,040
Speaker 2: will go, well, how do I feel last time I

725
00:36:01,080 --> 00:36:04,200
Speaker 2: saw that guy? You know, which is probably not great.

726
00:36:05,239 --> 00:36:07,640
Speaker 19: Yeah, I'm in Towering at the moment. I've spent a

727
00:36:07,719 --> 00:36:13,160
Speaker 19: day with some donors and I'm at the Popoma Ratepayers

728
00:36:14,160 --> 00:36:18,359
Speaker 19: Group tonight and everyone said to me, and what I'm

729
00:36:18,400 --> 00:36:21,319
Speaker 19: expecting tonight is how on earth can people forget how

730
00:36:21,400 --> 00:36:25,440
Speaker 19: bad it was or how the last government mismanaged the economy.

731
00:36:25,760 --> 00:36:27,840
Speaker 19: I think what you have to remind people is going

732
00:36:29,000 --> 00:36:32,320
Speaker 19: the information the average voter is running on is not

733
00:36:32,680 --> 00:36:36,600
Speaker 19: an intellectual framework like that. It's how hard is it

734
00:36:36,719 --> 00:36:40,800
Speaker 19: for me and my family right now? And the problem

735
00:36:41,640 --> 00:36:45,399
Speaker 19: we've got is that right now New Zealanders are doing

736
00:36:45,480 --> 00:36:48,239
Speaker 19: it tough and the government, I would argue, have not

737
00:36:48,640 --> 00:36:51,920
Speaker 19: delivered the macroeconomic reform we need to get the economy

738
00:36:52,000 --> 00:36:52,600
Speaker 19: back on track.

739
00:36:53,239 --> 00:36:55,480
Speaker 2: Jordan, thank you for that. Jordan Williams, executive director the

740
00:36:55,520 --> 00:36:57,920
Speaker 2: Taxpayers Union. Time is ten after five. Of course a

741
00:36:57,960 --> 00:37:00,439
Speaker 2: lot of people will argue you haven't had any time

742
00:37:01,040 --> 00:37:03,880
Speaker 2: to make the changes to get the the you know,

743
00:37:04,520 --> 00:37:07,120
Speaker 2: make a difference in people's lives. Yet certainly that's what

744
00:37:07,239 --> 00:37:09,200
Speaker 2: people are telling me on the text machine right now.

745
00:37:09,880 --> 00:37:13,640
Speaker 2: It has just gone ten minutes after five. Shave Itali's

746
00:37:13,719 --> 00:37:17,080
Speaker 2: launched a petition calling for all police officers across the

747
00:37:17,160 --> 00:37:20,919
Speaker 2: country to wear body cameras while on duty. Comes after

748
00:37:21,000 --> 00:37:23,279
Speaker 2: the death of a man who was pepper sprayed last

749
00:37:23,360 --> 00:37:26,640
Speaker 2: Sunday trying to flee police. Video went viral on social

750
00:37:26,719 --> 00:37:30,200
Speaker 2: media and investigation under way at the moment. His family

751
00:37:30,280 --> 00:37:34,200
Speaker 2: have accused police of attacking him unnecessarily. Dave tell you

752
00:37:34,280 --> 00:37:37,560
Speaker 2: the community leaders with us tonight. Hi Dave, Hey, Ryan,

753
00:37:37,640 --> 00:37:39,960
Speaker 2: thanks for having me. How is your petition going?

754
00:37:41,239 --> 00:37:43,320
Speaker 16: Yes, so far, so good. I think it's almost around

755
00:37:43,360 --> 00:37:47,200
Speaker 16: ten thousand signatures. And we just got to keep pushing forwards.

756
00:37:47,400 --> 00:37:50,439
Speaker 16: You know, so soon people forget about this, but we can't.

757
00:37:50,480 --> 00:37:51,320
Speaker 16: We've got to keep pushing.

758
00:37:51,600 --> 00:37:55,759
Speaker 2: The video looks bad, no denying that, but a lot

759
00:37:55,800 --> 00:37:58,080
Speaker 2: of people would say, well, you know, you go after

760
00:37:58,160 --> 00:38:01,440
Speaker 2: the police, your wave weapon around. I mean, there's going

761
00:38:01,520 --> 00:38:02,480
Speaker 2: to be consequences.

762
00:38:03,680 --> 00:38:06,400
Speaker 16: Yeah, but I mean I'm not here to argue that

763
00:38:06,520 --> 00:38:08,759
Speaker 16: what happened leading up to it, But the fact is

764
00:38:08,920 --> 00:38:10,520
Speaker 16: there was an excessive use of force.

765
00:38:10,560 --> 00:38:10,719
Speaker 13: Ryan.

766
00:38:10,800 --> 00:38:16,200
Speaker 16: I saw the body today and I'd hate for that

767
00:38:16,320 --> 00:38:18,840
Speaker 16: to be my son making a mistake and jumping in

768
00:38:18,920 --> 00:38:25,799
Speaker 16: occasion of It's horrific. The injuries is being literally torn

769
00:38:25,840 --> 00:38:30,719
Speaker 16: apart from from head to toe, and you know, and

770
00:38:30,960 --> 00:38:33,080
Speaker 16: these these body cams, I mean, it's not just for

771
00:38:33,160 --> 00:38:35,480
Speaker 16: the safety and the accountability for the public, but it

772
00:38:35,520 --> 00:38:38,040
Speaker 16: also keeps the police safe. So I mean, it's just

773
00:38:38,239 --> 00:38:40,719
Speaker 16: it's just a no brainer. There's so many unanswered there's

774
00:38:40,880 --> 00:38:44,880
Speaker 16: there's no one's answering any questions on the family, and

775
00:38:45,320 --> 00:38:48,200
Speaker 16: it's just it's just such it's I mean, their life

776
00:38:48,320 --> 00:38:50,680
Speaker 16: was wasted, you know, it's.

777
00:38:51,480 --> 00:38:54,320
Speaker 2: There's no doubt, it's a tragedy and somebody is We

778
00:38:54,440 --> 00:38:56,239
Speaker 2: don't know how, we don't know what the cause of

779
00:38:56,680 --> 00:38:59,399
Speaker 2: his death was. Yet all of that stuff. Police were

780
00:38:59,400 --> 00:39:00,680
Speaker 2: also into in this, right.

781
00:39:01,120 --> 00:39:03,320
Speaker 16: Yeah, run and look, I don't want to, like I

782
00:39:03,400 --> 00:39:05,080
Speaker 16: put this petition down and then I quickly put another

783
00:39:05,120 --> 00:39:07,560
Speaker 16: post down on my Facebook saying this is not about

784
00:39:07,600 --> 00:39:10,600
Speaker 16: bashing the police. We work alongside many great police officers

785
00:39:10,640 --> 00:39:12,640
Speaker 16: with our work and BBM and also with Grace Foundation

786
00:39:12,719 --> 00:39:15,320
Speaker 16: as well as Corrections. It's not about bashing the police

787
00:39:15,400 --> 00:39:18,120
Speaker 16: at all, but it is about like it's just about

788
00:39:18,160 --> 00:39:20,000
Speaker 16: time we have to have this, and the way our

789
00:39:20,040 --> 00:39:21,759
Speaker 16: society is going, I think this is going to be

790
00:39:21,880 --> 00:39:25,400
Speaker 16: more more regular thing. So it's just something that we have.

791
00:39:25,440 --> 00:39:28,480
Speaker 2: To do, we have to invest in, all right, Dave, Well,

792
00:39:28,480 --> 00:39:30,319
Speaker 2: I appreciate you coming on the program. Thank you very

793
00:39:30,400 --> 00:39:32,440
Speaker 2: much for that. David to Telly, who's a community leader

794
00:39:32,480 --> 00:39:35,640
Speaker 2: in Auckland, it's twelve minutes after five, Brian Bridge. You're

795
00:39:35,680 --> 00:39:37,239
Speaker 2: a new talks here, b we'd love to know your

796
00:39:37,239 --> 00:39:39,319
Speaker 2: feedback on that. Nine two nine two is the number

797
00:39:39,360 --> 00:39:41,320
Speaker 2: to text. The reason, by the way, that the police

798
00:39:41,360 --> 00:39:43,640
Speaker 2: haven't got body cameras on them at the moment. They

799
00:39:43,760 --> 00:39:46,719
Speaker 2: did have on their old tases, and they've upgraded just

800
00:39:46,880 --> 00:39:49,600
Speaker 2: recently to new tases that don't have cameras in them,

801
00:39:50,440 --> 00:39:52,600
Speaker 2: and a lot of in the United States, a lot

802
00:39:52,680 --> 00:39:56,000
Speaker 2: of the particularly smaller policing districts, are stopping the use

803
00:39:56,040 --> 00:39:58,879
Speaker 2: of body cameras because it's so damn expensive. You've got

804
00:39:59,360 --> 00:40:01,680
Speaker 2: not just buy the cameras to begin with. That's actually

805
00:40:01,719 --> 00:40:04,400
Speaker 2: the easy part. It's storing all of the data, storing

806
00:40:04,440 --> 00:40:05,800
Speaker 2: all of the videos, and you've got to have it

807
00:40:06,320 --> 00:40:09,080
Speaker 2: as evidence for years and years. All of that stuff

808
00:40:09,120 --> 00:40:12,160
Speaker 2: becomes quite expensive. So that's why at this stage our

809
00:40:12,239 --> 00:40:15,000
Speaker 2: police don't have body cameras on them, though police, so

810
00:40:15,120 --> 00:40:17,560
Speaker 2: they are looking at it constantly, as you can imagine.

811
00:40:18,120 --> 00:40:20,400
Speaker 2: Nine nine two is the numbers text just gone thirteen

812
00:40:20,400 --> 00:40:23,480
Speaker 2: minutes after five. Winston Peters is off to the United

813
00:40:23,520 --> 00:40:26,439
Speaker 2: States for a visit. He's going to meet with Marco

814
00:40:26,560 --> 00:40:28,520
Speaker 2: Rubio it's been announced today he's going to meet with

815
00:40:28,600 --> 00:40:31,879
Speaker 2: members of the Trump administration. You can beat your bottom dollar.

816
00:40:31,920 --> 00:40:34,680
Speaker 2: He'll be talking about trade, but in his release he

817
00:40:34,719 --> 00:40:37,320
Speaker 2: says he's going to focus on Ukraine, on Gaza, and

818
00:40:37,560 --> 00:40:40,560
Speaker 2: on China and the Indo Pacific. So last week was

819
00:40:40,600 --> 00:40:43,640
Speaker 2: the week of resignations. This week is the week of trips.

820
00:40:43,800 --> 00:40:47,600
Speaker 2: We've got Luxon off to India, We've got Winston Peters

821
00:40:47,640 --> 00:40:52,280
Speaker 2: off to Washington, and we've got Bailey off to Nepal

822
00:40:52,800 --> 00:40:56,480
Speaker 2: to climb Everest Base Camp thirteen minutes after five News Talk,

823
00:40:56,520 --> 00:40:59,560
Speaker 2: said Biver in Canada. Next, if you're running a business,

824
00:41:00,200 --> 00:41:03,440
Speaker 2: that time is money, and if you're waiting for signage

825
00:41:03,520 --> 00:41:05,800
Speaker 2: to go up, believe me, it is costing you. And

826
00:41:06,000 --> 00:41:08,399
Speaker 2: if people can't find you, they'll just go somewhere else.

827
00:41:08,560 --> 00:41:12,200
Speaker 2: Speedy Signs don't just produce your signage as quickly as possible,

828
00:41:12,239 --> 00:41:15,360
Speaker 2: they install it as well. If you're replacing old signage

829
00:41:15,400 --> 00:41:17,520
Speaker 2: with new, they'll get your new signs up at the

830
00:41:17,560 --> 00:41:19,320
Speaker 2: same time as they take the old ones down. So

831
00:41:19,440 --> 00:41:22,320
Speaker 2: it's just business as usual for you. From design and

832
00:41:22,440 --> 00:41:25,600
Speaker 2: production right through to installations. Speedy Signs take care of

833
00:41:25,680 --> 00:41:29,919
Speaker 2: the whole job. Quickly, cleanly and efficiently. Speedy Signs would

834
00:41:29,920 --> 00:41:32,320
Speaker 2: have to be New Zealand's most well known signage company.

835
00:41:32,600 --> 00:41:35,200
Speaker 2: They've been around for twenty five years. They've got close

836
00:41:35,239 --> 00:41:38,120
Speaker 2: to thirty locations throughout New Zealand. You've probably seen their

837
00:41:38,200 --> 00:41:41,920
Speaker 2: vans out and about from coffee shops to multilocation corporates.

838
00:41:42,080 --> 00:41:45,719
Speaker 2: Speedy Signs handle it all. Call eight hundred Speedy or

839
00:41:45,840 --> 00:41:50,440
Speaker 2: visit Speedy Signs dot co dot NZ five seventeen here

840
00:41:50,480 --> 00:41:54,000
Speaker 2: on News Talk CB former Canadian and English Central banker, Yes,

841
00:41:54,040 --> 00:41:57,400
Speaker 2: the banker has won the Governor. Mark Karney will be

842
00:41:57,480 --> 00:42:02,200
Speaker 2: Canada's next prime minister after Tradeaux goodbye and resigned. He

843
00:42:02,320 --> 00:42:05,760
Speaker 2: won the Liberal Party's internal leadership election eighty five percent

844
00:42:05,800 --> 00:42:08,399
Speaker 2: of the vote, so the party likes him. The question

845
00:42:08,760 --> 00:42:12,840
Speaker 2: is will the Canadian people. Here's some of his acceptance speech.

846
00:42:13,280 --> 00:42:19,240
Speaker 8: I know that these are dark days, dark days brought

847
00:42:19,280 --> 00:42:22,320
Speaker 8: on by a country we can no longer trust and

848
00:42:22,520 --> 00:42:24,160
Speaker 8: we have to look out.

849
00:42:24,160 --> 00:42:29,320
Speaker 2: For each other. Joining me is Rachel Alo. She's with CTV,

850
00:42:29,520 --> 00:42:35,120
Speaker 2: the National correspondent covering politics. They are joining us from Ottawa. Rachel, Hello, Hey,

851
00:42:35,400 --> 00:42:36,440
Speaker 2: how are you very well?

852
00:42:36,520 --> 00:42:36,759
Speaker 19: Thank you?

853
00:42:37,080 --> 00:42:40,920
Speaker 2: So tell us all about the new leader, Mark Carney.

854
00:42:40,960 --> 00:42:41,360
Speaker 2: Who is he?

855
00:42:42,320 --> 00:42:46,240
Speaker 20: Yeah, so, Mark Carney is a former Bank of Canada

856
00:42:46,360 --> 00:42:48,799
Speaker 20: governor as well as the former governor of the Bank

857
00:42:48,880 --> 00:42:52,959
Speaker 20: of England. He is a relative political newcomer. He doesn't

858
00:42:52,960 --> 00:42:54,759
Speaker 20: have a seat in our House of Commons, so he's

859
00:42:54,800 --> 00:42:57,440
Speaker 20: not an elected member of parliament yet, but he's kind

860
00:42:57,480 --> 00:43:00,920
Speaker 20: of rumored entering into the political for ramped up this

861
00:43:01,080 --> 00:43:03,480
Speaker 20: summer into the fall, and then of course we saw

862
00:43:03,560 --> 00:43:06,560
Speaker 20: Prime Minister Justin Trudeau resign and within ten days of

863
00:43:06,640 --> 00:43:09,239
Speaker 20: that resignation announcement, Mark Carney threw his hat into the

864
00:43:09,400 --> 00:43:12,480
Speaker 20: ring and just here in Ottawa tonight has been elected

865
00:43:12,760 --> 00:43:15,600
Speaker 20: the next Liberal leader of the Federal Party here in Canada.

866
00:43:16,000 --> 00:43:19,200
Speaker 2: Already you've got the Conservatives coming out and attacking him, saying, look,

867
00:43:19,239 --> 00:43:21,359
Speaker 2: they're trying to trick you, the Liberals, trying to trick

868
00:43:21,400 --> 00:43:25,919
Speaker 2: you into a fourth term now that Trudeau's gone. Is there,

869
00:43:26,080 --> 00:43:28,439
Speaker 2: because he's obviously being the head of the Central Bank

870
00:43:28,520 --> 00:43:30,840
Speaker 2: in the UK and in Canada, Is that part of

871
00:43:31,040 --> 00:43:36,160
Speaker 2: the strategy to try and push that those economic credentials

872
00:43:36,280 --> 00:43:37,400
Speaker 2: for the Canadian voters.

873
00:43:38,520 --> 00:43:41,239
Speaker 20: Absolutely, it is. I think at this current moment, with

874
00:43:41,360 --> 00:43:44,040
Speaker 20: this ongoing trade war with the United States, The state

875
00:43:44,080 --> 00:43:46,400
Speaker 20: of the Canadian economy and who is best place to

876
00:43:46,480 --> 00:43:48,080
Speaker 20: manage it is going to be one of the biggest

877
00:43:48,120 --> 00:43:51,200
Speaker 20: ballot questions in our upcoming federal election. I think what

878
00:43:51,360 --> 00:43:54,239
Speaker 20: is also behind the Conservative attacks in this country is

879
00:43:54,280 --> 00:43:56,680
Speaker 20: what we've seen in the polls. The Liberals under Justin

880
00:43:56,719 --> 00:43:59,759
Speaker 20: Trudeau were very far behind the Conservative how to go

881
00:43:59,840 --> 00:44:02,680
Speaker 20: to twenty point lead when Trudeau resigned, and over the

882
00:44:02,800 --> 00:44:05,880
Speaker 20: last two months since we've seen a real resurgence of Liberals.

883
00:44:05,920 --> 00:44:08,399
Speaker 20: They were kind of buoyed by the Liberal leadership race

884
00:44:08,480 --> 00:44:10,600
Speaker 20: knew interest in the party that Trudeau was going to

885
00:44:10,640 --> 00:44:13,120
Speaker 20: be stepping aside, and some of that was interested in

886
00:44:13,280 --> 00:44:16,920
Speaker 20: Carne as an alternative option for those voters who wanted change.

887
00:44:17,280 --> 00:44:19,359
Speaker 20: But then this question of who is best to handle

888
00:44:19,440 --> 00:44:22,400
Speaker 20: Donald Trump came up and the Paliev Conservatives have kind

889
00:44:22,440 --> 00:44:25,000
Speaker 20: of struggled to land their talking points on that one.

890
00:44:25,280 --> 00:44:27,520
Speaker 20: So the Conservatives are going full force against Karnee now

891
00:44:27,560 --> 00:44:30,160
Speaker 20: because they're seeing this shift, seeing a lot of Canadians

892
00:44:30,200 --> 00:44:33,360
Speaker 20: being interested in the Liberals once again, when as of

893
00:44:33,440 --> 00:44:35,200
Speaker 20: just a few months ago, it was basically the next

894
00:44:35,239 --> 00:44:37,840
Speaker 20: election was Polyiev to lose. So that is kind of

895
00:44:37,880 --> 00:44:40,840
Speaker 20: where the Conservatis are coming from in criticizing Karney's credentials

896
00:44:40,840 --> 00:44:44,000
Speaker 20: as someone who they've kind of taken aim at, then

897
00:44:44,040 --> 00:44:48,000
Speaker 20: he's kind of inflated his involvement in helping Canada through

898
00:44:48,080 --> 00:44:50,040
Speaker 20: the global financial crisis back in two thousand and eight,

899
00:44:50,080 --> 00:44:53,040
Speaker 20: two thousand and nine, and then questioning his inexperience as

900
00:44:53,080 --> 00:44:56,080
Speaker 20: a political leader, which actually in his speech tonight, Karney

901
00:44:56,160 --> 00:44:58,480
Speaker 20: took direct aim at Polly Evan, saying, well, I have

902
00:44:58,680 --> 00:45:02,040
Speaker 20: experienced in this other than what Polia has. Who is

903
00:45:02,080 --> 00:45:05,200
Speaker 20: the Conservative Party leader, has been in the House of Commons,

904
00:45:05,239 --> 00:45:08,240
Speaker 20: a member of Parliament for basically his entire.

905
00:45:08,160 --> 00:45:13,200
Speaker 2: Career, So he's an institutionalized politician. I suppose will be

906
00:45:13,280 --> 00:45:15,120
Speaker 2: the a tech line. Does this mean we could.

907
00:45:14,920 --> 00:45:17,240
Speaker 20: See direct and Carney is the exact opposite.

908
00:45:17,560 --> 00:45:19,560
Speaker 2: Does this mean we could say the Consider's net come

909
00:45:19,600 --> 00:45:20,680
Speaker 2: at hotter against Trump.

910
00:45:21,520 --> 00:45:22,520
Speaker 3: Uh, It's possible.

911
00:45:22,680 --> 00:45:25,560
Speaker 20: I'm really curious to hear where the Conservatives go. We've

912
00:45:25,680 --> 00:45:27,800
Speaker 20: saw the Conservatives in the last little while try to

913
00:45:27,840 --> 00:45:29,800
Speaker 20: kind of really wrap themselves around the Canadian flag and

914
00:45:29,840 --> 00:45:33,000
Speaker 20: talk about this message of Canada first. But Carney has

915
00:45:33,080 --> 00:45:35,480
Speaker 20: now put out a clear counter to that tonight, to

916
00:45:35,600 --> 00:45:39,040
Speaker 20: being this new slogan of Canada Strong. So it'll be

917
00:45:39,120 --> 00:45:42,000
Speaker 20: an interesting battle. We are anticipating now. The federal election

918
00:45:42,600 --> 00:45:45,440
Speaker 20: could be called within a week. Carney now has to

919
00:45:45,480 --> 00:45:48,640
Speaker 20: go through the transition process to a formally become prime minister.

920
00:45:49,080 --> 00:45:51,360
Speaker 20: Once that happens, he will have the power to trigger

921
00:45:51,400 --> 00:45:54,320
Speaker 20: an election, which a lot of folks here in Canada

922
00:45:54,360 --> 00:45:56,719
Speaker 20: are thinking is the most likely next step. Because he

923
00:45:56,760 --> 00:45:58,720
Speaker 20: doesn't have a seat. Why would he go into Parliament,

924
00:45:58,840 --> 00:46:00,759
Speaker 20: go into the House of Commons and kind of call

925
00:46:00,840 --> 00:46:03,239
Speaker 20: it the fact that he's not elected instead use that

926
00:46:03,320 --> 00:46:06,000
Speaker 20: as a talking point to justify to Canadians. Why now

927
00:46:06,200 --> 00:46:08,480
Speaker 20: is the time that he needs a strong and mandat

928
00:46:08,880 --> 00:46:10,720
Speaker 20: to go to the polls and then see that battle

929
00:46:10,719 --> 00:46:13,200
Speaker 20: player between the Liberals and Conservatives, and it will it

930
00:46:13,400 --> 00:46:15,320
Speaker 20: just a few months ago. I think is going to

931
00:46:15,360 --> 00:46:17,800
Speaker 20: play it quite differently, simmen expected really interesting.

932
00:46:17,920 --> 00:46:21,960
Speaker 2: Rachel, thank you for that, Rachel Alo CTV national correspondent

933
00:46:22,040 --> 00:46:25,000
Speaker 2: covering politics out of Osawa and Canada. And that poll

934
00:46:25,040 --> 00:46:27,239
Speaker 2: could happen, well, the election, I should say, could happen

935
00:46:27,280 --> 00:46:29,800
Speaker 2: really quickly. I think the thirty seven days is the

936
00:46:30,280 --> 00:46:33,879
Speaker 2: RIT minimum RIT time. So if he gets in sworn

937
00:46:33,960 --> 00:46:38,480
Speaker 2: in next week, let's say, you know, end of next month.

938
00:46:38,600 --> 00:46:40,080
Speaker 2: By the end of next month they could have gone

939
00:46:40,080 --> 00:46:42,320
Speaker 2: to the polls and they'll be hoping, obviously to have

940
00:46:42,600 --> 00:46:45,480
Speaker 2: a fourth term for the Liberals. There twenty two minutes

941
00:46:45,520 --> 00:46:49,040
Speaker 2: after five tris Juson and Josie mcganney on the huddle

942
00:46:49,080 --> 00:46:51,480
Speaker 2: reacting to all of the day's big news. After five

943
00:46:51,520 --> 00:46:54,640
Speaker 2: point thirty and up next you thought Wellington water was

944
00:46:54,680 --> 00:46:56,239
Speaker 2: a scandal, Why I've got a bigger one.

945
00:46:56,200 --> 00:46:59,680
Speaker 4: For you, moving the big stories of the day forward.

946
00:47:00,280 --> 00:47:03,000
Speaker 1: It's Ryan Bridge on hither do for see Ellen drive

947
00:47:03,440 --> 00:47:06,120
Speaker 1: with one New Zealand let's get connected.

948
00:47:06,440 --> 00:47:08,000
Speaker 4: News talks'd be five.

949
00:47:08,320 --> 00:47:10,960
Speaker 2: Five on News Talks said, be we're all being taken

950
00:47:11,080 --> 00:47:14,640
Speaker 2: for a ride. Everybody here has been taken for a ride,

951
00:47:14,680 --> 00:47:17,000
Speaker 2: and everyone gets there nickers and a twist about Wellington

952
00:47:17,120 --> 00:47:19,560
Speaker 2: water and the root that's alleged to have happened there

953
00:47:19,600 --> 00:47:24,520
Speaker 2: and taken place. But the biggest scandal is affecting everyone everywhere.

954
00:47:24,719 --> 00:47:29,799
Speaker 2: Road cones and traffic management the bane of our collective existence.

955
00:47:30,920 --> 00:47:33,200
Speaker 2: There's a guy in the paper today who and full

956
00:47:33,239 --> 00:47:37,160
Speaker 2: credit to this man, Carl Oliver was his name. Just

957
00:47:37,320 --> 00:47:39,680
Speaker 2: your average joe living in a col o Sack, quiet,

958
00:47:39,719 --> 00:47:42,120
Speaker 2: cold de Sack Street, minding his own business when the

959
00:47:42,520 --> 00:47:45,320
Speaker 2: road cones turn up try and take over like some

960
00:47:45,560 --> 00:47:49,600
Speaker 2: kind of you know, apocalypse. And so he doesn't oya

961
00:47:49,680 --> 00:47:51,359
Speaker 2: and he's like, I'm going to find out how much

962
00:47:51,440 --> 00:47:54,279
Speaker 2: this is costing me and how much it's costing all

963
00:47:54,360 --> 00:47:55,759
Speaker 2: of us, because he's a you know, want to fix

964
00:47:55,760 --> 00:47:59,080
Speaker 2: it in car, he's a ratepayer. Good on you, Carl.

965
00:48:00,120 --> 00:48:02,040
Speaker 2: He finds out this is in Lower Heart and I

966
00:48:02,120 --> 00:48:04,319
Speaker 2: happen to know the street. It's a colder Sack, small,

967
00:48:04,320 --> 00:48:07,920
Speaker 2: little quiet street. No one goes in there. And they

968
00:48:07,960 --> 00:48:11,160
Speaker 2: were reselling a footpath, not even the road, the footpath.

969
00:48:11,280 --> 00:48:13,760
Speaker 2: So why the hell does traffic management get involved? Anyway?

970
00:48:14,360 --> 00:48:17,000
Speaker 2: What does it cost? So the reselling of the footpath

971
00:48:17,160 --> 00:48:20,359
Speaker 2: was three hundred and sixteen dollars sixty four. He finds out,

972
00:48:20,440 --> 00:48:22,640
Speaker 2: after many months waiting on his o WAA request to

973
00:48:22,680 --> 00:48:27,160
Speaker 2: come back, the traffic management four hundred and ninety eight dollars.

974
00:48:27,680 --> 00:48:30,200
Speaker 2: So you're paying more for your traffic management than you

975
00:48:30,280 --> 00:48:33,160
Speaker 2: are for the actual work that's being done. And this

976
00:48:33,280 --> 00:48:37,319
Speaker 2: happens everywhere. Even Wayne Brown can't stop it. And if

977
00:48:37,360 --> 00:48:41,480
Speaker 2: Wayne Brown can't stop this, what what hope do we have.

978
00:48:41,760 --> 00:48:44,400
Speaker 2: Where is the hope? That's what I want to know.

979
00:48:44,680 --> 00:48:49,520
Speaker 2: It's health and safety gone nuts. It's people thinking that

980
00:48:49,760 --> 00:48:52,640
Speaker 2: no one is smart enough anymore to drive around. You know,

981
00:48:52,880 --> 00:48:56,040
Speaker 2: if you see somebody working doing roadworks or fixing a

982
00:48:56,200 --> 00:48:58,879
Speaker 2: utility on your street, are you that thick you can't

983
00:48:58,960 --> 00:49:01,840
Speaker 2: drive around them? No, you're not that thick. But somebody

984
00:49:01,920 --> 00:49:05,040
Speaker 2: thinks you are. Somebody thinks we all are. And do

985
00:49:05,080 --> 00:49:09,560
Speaker 2: you know what that is offensive? I'm offended, and I'm

986
00:49:09,600 --> 00:49:12,960
Speaker 2: offended by how much it's costing us. Twenty seven minutes

987
00:49:12,960 --> 00:49:17,719
Speaker 2: after find Ryan Bridge, good to get that off the chest.

988
00:49:18,000 --> 00:49:20,759
Speaker 2: The Huddle will dissect some of this after the.

989
00:49:20,800 --> 00:49:50,839
Speaker 1: News, recapping the day's big news and making tomorrow's headlines.

990
00:49:51,080 --> 00:49:53,840
Speaker 1: It's Ryan Bridge on Heather Do for Sea Ellen drive

991
00:49:54,400 --> 00:49:58,040
Speaker 1: with One New Zealand let's get connected news talks.

992
00:49:58,080 --> 00:49:58,400
Speaker 4: That'd be.

993
00:50:14,200 --> 00:50:14,680
Speaker 21: Good evening.

994
00:50:14,800 --> 00:50:17,320
Speaker 2: It is twenty five minutes away from six news talks.

995
00:50:17,320 --> 00:50:20,440
Speaker 2: There be Tricius and Josi mcgarney standing by on the

996
00:50:20,480 --> 00:50:24,319
Speaker 2: Herald on the huddle rather after six o'clock, we're going

997
00:50:24,360 --> 00:50:29,000
Speaker 2: to talk to the Finance Minister Nicola Willis. Obviously there's

998
00:50:29,000 --> 00:50:30,960
Speaker 2: a lot of things to talk to her about. Including

999
00:50:31,040 --> 00:50:35,120
Speaker 2: this poll, some really crazy rumors going quite far online

1000
00:50:35,160 --> 00:50:38,080
Speaker 2: about how He's luxe is going to be rolled very soon,

1001
00:50:38,120 --> 00:50:41,799
Speaker 2: all that kind of stuff. But also an interesting point

1002
00:50:42,040 --> 00:50:45,000
Speaker 2: that she made. Nicola Willis made to a conference a

1003
00:50:45,040 --> 00:50:47,800
Speaker 2: couple of months ago about kei We Saver and you

1004
00:50:47,920 --> 00:50:50,440
Speaker 2: might have noticed over the last week labor has started

1005
00:50:50,480 --> 00:50:53,799
Speaker 2: talking about Kiwi Saver. Are we going to see an

1006
00:50:53,840 --> 00:50:59,479
Speaker 2: increase to our minimum contributions? Little tidbit. New Zealand's Kiwi

1007
00:50:59,600 --> 00:51:04,160
Speaker 2: Saver collectively worth just over one hundred billion dollars since

1008
00:51:04,239 --> 00:51:08,160
Speaker 2: we introduced it back in what two thousand and seven. However,

1009
00:51:08,719 --> 00:51:13,160
Speaker 2: in Australia their pensions worth four trillion dollars now. Obviously

1010
00:51:13,200 --> 00:51:15,200
Speaker 2: they've been paying into their for a lot longer and

1011
00:51:15,320 --> 00:51:17,239
Speaker 2: their rates are a lot higher. But we have a

1012
00:51:17,280 --> 00:51:18,920
Speaker 2: long way to go to catch up. So is that

1013
00:51:19,160 --> 00:51:21,920
Speaker 2: something that the government's going to look at potentially for

1014
00:51:21,960 --> 00:51:24,359
Speaker 2: the next election? Nikola Willis here after six is twenty

1015
00:51:24,400 --> 00:51:29,160
Speaker 2: three too. Bryan Bridge Orcer Council's Community Committee has sent

1016
00:51:29,239 --> 00:51:32,520
Speaker 2: a please help let it to the government after increasing homelessness.

1017
00:51:32,640 --> 00:51:35,400
Speaker 2: That comes after stats were released from them showing the

1018
00:51:35,520 --> 00:51:37,680
Speaker 2: number of homeless people in the city that's those who

1019
00:51:37,719 --> 00:51:39,920
Speaker 2: are living in parks or in cars are on the

1020
00:51:40,040 --> 00:51:45,280
Speaker 2: street was up by fifty three percent between September and December.

1021
00:51:46,040 --> 00:51:48,840
Speaker 2: Angela Dalton's the chair of that committee and she's with

1022
00:51:48,960 --> 00:51:52,560
Speaker 2: me now, Hello, Hi, great to have you on the show.

1023
00:51:53,040 --> 00:51:55,879
Speaker 2: So is homelessness really bad at the moment.

1024
00:51:56,880 --> 00:52:00,400
Speaker 7: Yeah, it is, that's what we're experiencing in Orkland as

1025
00:52:00,480 --> 00:52:01,280
Speaker 7: a region.

1026
00:52:01,880 --> 00:52:04,319
Speaker 2: So there's September we had four hundred and twenty six

1027
00:52:04,520 --> 00:52:08,000
Speaker 2: people on the count. January there's six hundred and fifty three.

1028
00:52:08,480 --> 00:52:11,000
Speaker 2: How does that compare to previous quarters.

1029
00:52:12,719 --> 00:52:15,480
Speaker 7: It's just the size of the increase, right, that is

1030
00:52:15,760 --> 00:52:19,479
Speaker 7: really quite shocking for us. So we haven't seen such

1031
00:52:19,560 --> 00:52:23,279
Speaker 7: a spike like that before and for us sort of

1032
00:52:24,120 --> 00:52:27,560
Speaker 7: coincidental along with a lot of other factors which should

1033
00:52:27,600 --> 00:52:30,600
Speaker 7: expect to put stress under people living in a home

1034
00:52:31,040 --> 00:52:31,879
Speaker 7: renting in a home.

1035
00:52:32,160 --> 00:52:34,640
Speaker 2: So it's not seasonal. It's not because we've got warmer weather.

1036
00:52:34,680 --> 00:52:36,840
Speaker 2: I mean, what were the numbers last year, dast January.

1037
00:52:37,760 --> 00:52:41,000
Speaker 7: I haven't got the numbers on there for January last year.

1038
00:52:41,680 --> 00:52:45,640
Speaker 7: But this is not a seasonal spike that we're seeing, right,

1039
00:52:45,719 --> 00:52:46,080
Speaker 7: do you know.

1040
00:52:46,160 --> 00:52:48,440
Speaker 2: How these numbers compare those to previous quarters.

1041
00:52:49,920 --> 00:52:54,600
Speaker 7: The specifically the spike is higher than previous quarters, but

1042
00:52:54,800 --> 00:52:57,520
Speaker 7: the increase in numbers that we're seen, and it's what's

1043
00:52:57,600 --> 00:52:59,640
Speaker 7: really harder to get a good count. And that's what

1044
00:52:59,719 --> 00:53:02,160
Speaker 7: I'm that's what we're asking for the government. So is

1045
00:53:02,200 --> 00:53:03,719
Speaker 7: this not a good account, a really good count?

1046
00:53:03,800 --> 00:53:05,520
Speaker 2: You said, you come out and said these numbers are

1047
00:53:05,560 --> 00:53:08,440
Speaker 2: diabolical fifty three percent increase, But they're not good numbers.

1048
00:53:09,120 --> 00:53:11,400
Speaker 7: They're not going to be the total numbers. They're going

1049
00:53:11,440 --> 00:53:14,840
Speaker 7: to be better numbers than what we're seeing from the government.

1050
00:53:15,560 --> 00:53:19,360
Speaker 7: And that is something in my experience is consistent, is

1051
00:53:19,440 --> 00:53:21,400
Speaker 7: that the numbers that the government might have on their

1052
00:53:21,440 --> 00:53:24,680
Speaker 7: sites will be quite different to what we experience on

1053
00:53:24,760 --> 00:53:27,000
Speaker 7: the ground. And when I say we, I'm talking about

1054
00:53:27,000 --> 00:53:30,600
Speaker 7: the homeless sector and natures where I'll get the information from.

1055
00:53:30,680 --> 00:53:32,799
Speaker 2: That these people we're talking about six hundred and fifty

1056
00:53:32,840 --> 00:53:36,200
Speaker 2: three people in January and cars parks or on streets.

1057
00:53:36,760 --> 00:53:39,480
Speaker 2: Does someone go and count them one night? How does

1058
00:53:39,520 --> 00:53:39,799
Speaker 2: it work?

1059
00:53:40,640 --> 00:53:43,120
Speaker 7: We're the homeless sector, which is you know a number

1060
00:53:43,160 --> 00:53:46,759
Speaker 7: of different agencies are out there and they some of

1061
00:53:46,840 --> 00:53:49,680
Speaker 7: them are a long term homeless people, someone new so

1062
00:53:49,800 --> 00:53:53,359
Speaker 7: they know the new ones and they know the existing ones,

1063
00:53:53,480 --> 00:53:55,720
Speaker 7: so yes, between them all, so they all come together,

1064
00:53:56,040 --> 00:54:00,360
Speaker 7: Allkland counselors at that table with those agencies. So this

1065
00:54:00,560 --> 00:54:03,200
Speaker 7: is how we get a pretty good picture of what's

1066
00:54:03,239 --> 00:54:03,520
Speaker 7: going on.

1067
00:54:03,719 --> 00:54:06,160
Speaker 2: And you're saying this number six fifty three has never

1068
00:54:06,239 --> 00:54:07,200
Speaker 2: been that high before.

1069
00:54:08,239 --> 00:54:10,480
Speaker 7: I don't know that it has never been that high before,

1070
00:54:10,560 --> 00:54:10,839
Speaker 7: I am.

1071
00:54:11,280 --> 00:54:14,320
Speaker 2: But it's also because it sounds quite alarming.

1072
00:54:15,440 --> 00:54:19,120
Speaker 7: Yes, well we're alarmed, all right, Angela.

1073
00:54:19,120 --> 00:54:20,880
Speaker 2: It sounds like you are. Thank you for that, Angela

1074
00:54:20,880 --> 00:54:24,440
Speaker 2: A Dulton, Chair of Auckland Council's Community Committee. It's twenty

1075
00:54:24,480 --> 00:54:25,160
Speaker 2: two six.

1076
00:54:25,920 --> 00:54:29,279
Speaker 1: The Huddle with New Zealand Southeby's International Realty Find you

1077
00:54:29,360 --> 00:54:30,200
Speaker 1: are one of a kind.

1078
00:54:31,480 --> 00:54:33,680
Speaker 2: Tris Jason Huson Willis pr Is with us on the

1079
00:54:33,760 --> 00:54:36,400
Speaker 2: huddle tonight, good evening, good evening, Good to see you.

1080
00:54:36,520 --> 00:54:39,720
Speaker 2: And Josie Bugani's here too, of course, Child Fund CEO Josie,

1081
00:54:39,719 --> 00:54:43,720
Speaker 2: good evening to you, Hello, Rich Pickings. On the political

1082
00:54:43,760 --> 00:54:48,200
Speaker 2: front today, lots to discuss. Let's start with the pole,

1083
00:54:48,480 --> 00:54:51,960
Speaker 2: Trish and where that because lots of people saying who cares?

1084
00:54:52,000 --> 00:54:55,080
Speaker 2: It's margin and vera everything. But is there starting to

1085
00:54:55,120 --> 00:54:57,120
Speaker 2: be a trend Is it something you worry about in

1086
00:54:57,480 --> 00:54:59,359
Speaker 2: the world of political communication?

1087
00:55:00,120 --> 00:55:03,960
Speaker 22: An embarrassment of riches on this one, Ryan, Yes, it

1088
00:55:04,239 --> 00:55:09,080
Speaker 22: is something that you would worry about because it's a theme, right.

1089
00:55:09,520 --> 00:55:12,919
Speaker 22: And look at what's happened to Chris Luxen today once

1090
00:55:13,000 --> 00:55:16,080
Speaker 22: again he's fronted up to his post cabinet press conference.

1091
00:55:16,840 --> 00:55:19,160
Speaker 22: They wanted the big story today to be about the

1092
00:55:19,280 --> 00:55:22,200
Speaker 22: International Investment Summit, which is coming up at the end

1093
00:55:22,320 --> 00:55:27,320
Speaker 22: of the week, and yet the majority of the questions

1094
00:55:27,440 --> 00:55:30,320
Speaker 22: at the press conference were about the Prime minister his

1095
00:55:30,520 --> 00:55:35,440
Speaker 22: poll rating, National's poll ratings. And if you look at

1096
00:55:35,520 --> 00:55:41,680
Speaker 22: what's happening here every week, the conversation about the Prime

1097
00:55:41,719 --> 00:55:46,080
Speaker 22: minister's polling is increasing and the story is leaking more

1098
00:55:46,160 --> 00:55:50,800
Speaker 22: and more into mainstream media. So that's a concern. On

1099
00:55:50,960 --> 00:55:56,120
Speaker 22: the other hand, I completely agree with you that nobody

1100
00:55:56,360 --> 00:56:01,000
Speaker 22: at the stage would really put their hand one and say, gosh,

1101
00:56:01,200 --> 00:56:04,279
Speaker 22: I wish labor were back in government, because man, they

1102
00:56:04,320 --> 00:56:08,520
Speaker 22: would do an awesome job. And so it is a

1103
00:56:08,719 --> 00:56:10,560
Speaker 22: it is a I think it's a it's a sort

1104
00:56:10,560 --> 00:56:14,520
Speaker 22: of a grumpy. It's grumpy feedback coming through in these polls.

1105
00:56:15,320 --> 00:56:18,800
Speaker 22: Don't forget that we are quarter on quarter into the

1106
00:56:18,960 --> 00:56:23,000
Speaker 22: worst recession that New Zealand has been in since records began.

1107
00:56:23,520 --> 00:56:27,480
Speaker 22: So it is really a herculean task for this government

1108
00:56:28,120 --> 00:56:31,800
Speaker 22: and New Zealanders. Despite what I do, hear Chris Luxen

1109
00:56:31,880 --> 00:56:35,640
Speaker 22: saying a lot, which is New Zealanders are better off.

1110
00:56:37,960 --> 00:56:42,760
Speaker 22: New Zealanders in the majority are a long way behind

1111
00:56:42,960 --> 00:56:46,560
Speaker 22: financially than they still in twenty twenty five, than they

1112
00:56:46,600 --> 00:56:50,239
Speaker 22: were in twenty twenty So they are not feeling good because.

1113
00:56:50,000 --> 00:56:52,880
Speaker 2: We've had deflation, but we haven't had disinflation, which is

1114
00:56:53,000 --> 00:56:58,000
Speaker 2: when you actually go forwards. Josie, what these people who

1115
00:56:58,040 --> 00:56:59,920
Speaker 2: are talking about oh well, well you better roll luck?

1116
00:57:00,239 --> 00:57:01,319
Speaker 2: What are you saying to them?

1117
00:57:02,880 --> 00:57:04,880
Speaker 23: Well, look, I mean, first of all, it's a vote

1118
00:57:05,239 --> 00:57:08,040
Speaker 23: against the government, not a vote for labor, so I

1119
00:57:08,080 --> 00:57:10,480
Speaker 23: think Labour has to be careful about that in the

1120
00:57:10,560 --> 00:57:14,160
Speaker 23: first place. Ryan, although you would say when I compare

1121
00:57:14,239 --> 00:57:17,400
Speaker 23: Chippy to Luxeon, I mean Chippy Chris Hipkins, he's making

1122
00:57:17,480 --> 00:57:20,680
Speaker 23: the right noises. So he said today, I think, or yesterday,

1123
00:57:20,960 --> 00:57:22,760
Speaker 23: you know, we won't if we get into government, we

1124
00:57:22,880 --> 00:57:25,960
Speaker 23: won't pause or cancer what National's done just because they're

1125
00:57:26,080 --> 00:57:27,920
Speaker 23: the other side. You know, we'll keep we'll keep the

1126
00:57:27,960 --> 00:57:31,840
Speaker 23: good stuff. Going, we're talking about jobs, health homes. I'm

1127
00:57:31,920 --> 00:57:34,440
Speaker 23: not just Cinda, he said, I'm going to campaign differently.

1128
00:57:34,600 --> 00:57:37,680
Speaker 23: So he's saying the right things, but that they should

1129
00:57:37,680 --> 00:57:40,840
Speaker 23: be very careful to realize this is not a vote

1130
00:57:40,920 --> 00:57:43,080
Speaker 23: for them. It's a vote against the government. And when

1131
00:57:43,080 --> 00:57:45,040
Speaker 23: I say it's a vote against the government, I think

1132
00:57:45,080 --> 00:57:48,600
Speaker 23: it is a vote against Luxon. He's having a real problem,

1133
00:57:48,720 --> 00:57:53,280
Speaker 23: isn't he of connecting with voters. He communicates so badly.

1134
00:57:53,360 --> 00:57:55,760
Speaker 23: I mean that the classic was with Mike in the

1135
00:57:55,840 --> 00:57:58,600
Speaker 23: morning on Breakfast, where you know, a few weeks ago,

1136
00:57:58,640 --> 00:58:01,400
Speaker 23: a week ago, so he asked a simple question about

1137
00:58:01,400 --> 00:58:03,560
Speaker 23: Andrew Bailey could not answer whether he would have fired

1138
00:58:03,640 --> 00:58:06,400
Speaker 23: him anyway had he not resigned, And there's all these

1139
00:58:06,520 --> 00:58:09,600
Speaker 23: memes going around like it's as if his mother's asking him,

1140
00:58:09,640 --> 00:58:11,720
Speaker 23: did you have a good night's sleep, Chris, And he's going, well,

1141
00:58:11,760 --> 00:58:13,600
Speaker 23: what I can say is that I did sleep.

1142
00:58:14,240 --> 00:58:15,160
Speaker 24: Did you have a good sleep?

1143
00:58:15,480 --> 00:58:18,480
Speaker 23: Well, let me be clear, sleep is very important. Oh

1144
00:58:18,520 --> 00:58:21,720
Speaker 23: my god, could you just say answer the question? But

1145
00:58:21,840 --> 00:58:24,439
Speaker 23: then the problem is some are saying yes, this talk

1146
00:58:24,480 --> 00:58:27,360
Speaker 23: of him being rolled, and I wouldn't be surprised if

1147
00:58:27,800 --> 00:58:29,840
Speaker 23: if things don't improve, And as you say, trush, if

1148
00:58:29,880 --> 00:58:32,160
Speaker 23: people don't start to feel better that he will be rolled.

1149
00:58:32,480 --> 00:58:34,480
Speaker 23: But there's a problem with people saying, you know, we've

1150
00:58:34,480 --> 00:58:36,560
Speaker 23: just got to let him lux and be Luxon, you know,

1151
00:58:36,640 --> 00:58:38,720
Speaker 23: let him be himself. He's got to be less corporate,

1152
00:58:38,880 --> 00:58:42,400
Speaker 23: just be himself. Well, what of himself? Is this terminally

1153
00:58:42,480 --> 00:58:45,080
Speaker 23: inadequate personality for politics?

1154
00:58:47,440 --> 00:58:49,600
Speaker 2: The thing is that reminded me when you talk about

1155
00:58:49,600 --> 00:58:52,440
Speaker 2: the memes. I mean, there's only one person worse than

1156
00:58:52,520 --> 00:58:56,120
Speaker 2: Luxon in an interview, and that's just into return At

1157
00:58:56,280 --> 00:58:59,600
Speaker 2: saying nothing and talking you around in a circle. Except

1158
00:58:59,680 --> 00:59:01,840
Speaker 2: she would do it for seven minutes, not three.

1159
00:59:02,440 --> 00:59:04,440
Speaker 23: You know, but your thing is right, we've had that

1160
00:59:04,920 --> 00:59:07,720
Speaker 23: for six years to just ender. We don't want another

1161
00:59:07,840 --> 00:59:10,120
Speaker 23: version of it, re lux and we just want you

1162
00:59:10,200 --> 00:59:13,720
Speaker 23: to answer the goddamn question. And also I think there's

1163
00:59:13,760 --> 00:59:15,680
Speaker 23: a problem. Look, I wish them luck on the summit

1164
00:59:15,720 --> 00:59:17,760
Speaker 23: for investment because I think it's a good idea. The

1165
00:59:17,920 --> 00:59:20,880
Speaker 23: problem with summits, though, is it sounds like the death

1166
00:59:20,960 --> 00:59:23,520
Speaker 23: knell of a conference. You know, you feel like you've

1167
00:59:23,560 --> 00:59:26,680
Speaker 23: taken a sleeping pill even saying the word I wonder.

1168
00:59:27,040 --> 00:59:30,080
Speaker 23: And you talked earlier about Australia Ryan. You know Bob

1169
00:59:30,160 --> 00:59:34,280
Speaker 23: Hawk in the nineties had a summit, but he got employers,

1170
00:59:35,160 --> 00:59:38,880
Speaker 23: unions and government together and they came up with a right,

1171
00:59:39,000 --> 00:59:42,160
Speaker 23: we won't lift wages, we'll put the extra money into superannuation,

1172
00:59:42,440 --> 00:59:43,680
Speaker 23: we'll get employment down.

1173
00:59:44,200 --> 00:59:44,840
Speaker 25: And it worked.

1174
00:59:44,920 --> 00:59:48,760
Speaker 23: They had a sort of trifector agreement that got Australia

1175
00:59:48,880 --> 00:59:52,200
Speaker 23: back on track for growth. So growth lifted, wages, increased,

1176
00:59:52,240 --> 00:59:55,200
Speaker 23: employment dropped. Other than that was a complete failure. But

1177
00:59:55,840 --> 00:59:59,680
Speaker 23: just do something really tangible like that and people will

1178
00:59:59,680 --> 01:00:02,080
Speaker 23: start to turn around and support the government.

1179
01:00:02,120 --> 01:00:04,440
Speaker 2: All right, Joseph Beganni, Tris Sharson here on the huddle,

1180
01:00:04,440 --> 01:00:06,080
Speaker 2: will took body cameras for our police.

1181
01:00:06,160 --> 01:00:10,720
Speaker 1: Next the huddle with New Zealand Southeby's International Realty, the

1182
01:00:10,840 --> 01:00:13,040
Speaker 1: ones with local and Global Reach.

1183
01:00:13,720 --> 01:00:16,160
Speaker 2: News Talks, b Tris s Hurson and Joseph Beganni on

1184
01:00:16,200 --> 01:00:19,760
Speaker 2: the huddle tonight, Let's go to Canada where the incoming

1185
01:00:19,800 --> 01:00:23,360
Speaker 2: Canadian Prime Minister make Karney, they've picked the Central bankup

1186
01:00:23,960 --> 01:00:26,280
Speaker 2: is not holding back. He's going on the attack against

1187
01:00:26,320 --> 01:00:28,880
Speaker 2: Trump and he's trying to separate his party from the

1188
01:00:29,040 --> 01:00:33,480
Speaker 2: Conservatives and Poliev, Pierre Poliev, who's the Conservative leader over there,

1189
01:00:33,800 --> 01:00:36,600
Speaker 2: Evan says on he's a bit weak on Trump. So

1190
01:00:36,840 --> 01:00:39,680
Speaker 2: this new guy for the Liberal Party is coming and

1191
01:00:39,760 --> 01:00:43,160
Speaker 2: replacing Todoe and saying I'm going a hundi after Donald Trump.

1192
01:00:43,240 --> 01:00:44,919
Speaker 2: That's the strategy, trash. Will it work?

1193
01:00:46,160 --> 01:00:51,240
Speaker 22: It's looking like it's really fertile ground for him. It's interesting,

1194
01:00:51,360 --> 01:00:53,479
Speaker 22: isn't it. You think of the Canadians and what Trump

1195
01:00:53,640 --> 01:00:55,480
Speaker 22: is doing to them, It's kind of like punching a

1196
01:00:55,560 --> 01:00:57,400
Speaker 22: teddy bear. You know, they are sort of known as

1197
01:00:57,440 --> 01:01:00,360
Speaker 22: the nicest country in the world, and no one can

1198
01:01:00,440 --> 01:01:04,280
Speaker 22: really get their head around strategically why you would be

1199
01:01:04,400 --> 01:01:07,480
Speaker 22: going after Canada. Because it's not only the trade with Canada,

1200
01:01:07,560 --> 01:01:10,200
Speaker 22: but think about them geographically and how important they are

1201
01:01:11,440 --> 01:01:15,920
Speaker 22: to the US. I think that world leaders are throwing

1202
01:01:16,240 --> 01:01:19,280
Speaker 22: everything they can at dealing with Trump. So you've seen

1203
01:01:19,400 --> 01:01:21,800
Speaker 22: the go and bend the knee with the likes of

1204
01:01:21,880 --> 01:01:27,040
Speaker 22: Kia Starmer and Justin Trudeau from France. You have now

1205
01:01:27,200 --> 01:01:31,400
Speaker 22: seen Carney try completely the opposite thing of probably standing

1206
01:01:31,520 --> 01:01:35,880
Speaker 22: up to the bully side of Trump. But what interests

1207
01:01:35,960 --> 01:01:41,080
Speaker 22: me about this is how Donald Trump's style second time

1208
01:01:41,200 --> 01:01:45,000
Speaker 22: round has really moved magnetic north on the moral compass

1209
01:01:45,320 --> 01:01:48,680
Speaker 22: of all of us right. So what used to be

1210
01:01:48,960 --> 01:01:53,240
Speaker 22: right is now wrong and vice versa, and what we

1211
01:01:53,440 --> 01:01:56,920
Speaker 22: have known for years since the Second World War about

1212
01:01:57,320 --> 01:02:00,400
Speaker 22: global diplomacy and about the world order and about how

1213
01:02:00,800 --> 01:02:03,760
Speaker 22: world leaders need to behave in that has completely shifted.

1214
01:02:04,160 --> 01:02:06,720
Speaker 22: So I'm I'm going to be really interested to see

1215
01:02:06,800 --> 01:02:11,720
Speaker 22: not only how Carne's how is rhetoric lands at home

1216
01:02:11,880 --> 01:02:16,280
Speaker 22: with the upcoming election, but how it actually lands in

1217
01:02:16,400 --> 01:02:19,120
Speaker 22: terms of Trump and whether it starts to make a

1218
01:02:19,200 --> 01:02:22,040
Speaker 22: difference in terms of what's happening to Canada. Because what

1219
01:02:22,440 --> 01:02:26,000
Speaker 22: made me think about how serious this is was last week,

1220
01:02:27,040 --> 01:02:29,240
Speaker 22: I think it was on the Rest is Politics UK

1221
01:02:30,360 --> 01:02:35,320
Speaker 22: and they were talking about how there were serious journalists, academics,

1222
01:02:35,840 --> 01:02:39,880
Speaker 22: politicians and Canada op ed writers who were essentially saying,

1223
01:02:40,040 --> 01:02:42,720
Speaker 22: you know, we have to now be prepared to fight

1224
01:02:42,920 --> 01:02:46,560
Speaker 22: for our sovereignty as Canada. And I feel like we're

1225
01:02:46,600 --> 01:02:49,320
Speaker 22: in that sort of boiling frog analogy where you know,

1226
01:02:49,480 --> 01:02:53,280
Speaker 22: Trump has just turned the temperature up so quickly to

1227
01:02:53,800 --> 01:02:58,560
Speaker 22: high that we're not even registering the crazy the crazy stuff.

1228
01:02:58,720 --> 01:03:00,960
Speaker 2: But the reality is Josie that he can't do all

1229
01:03:01,040 --> 01:03:02,840
Speaker 2: of the crazy stuff he says he's going to do,

1230
01:03:03,000 --> 01:03:05,560
Speaker 2: and we all know that, right. I mean, you can't

1231
01:03:05,600 --> 01:03:09,160
Speaker 2: go and invade Canada and Panama and Greenland. And you know,

1232
01:03:09,600 --> 01:03:11,680
Speaker 2: so we do take it with the grain of salt,

1233
01:03:11,720 --> 01:03:12,000
Speaker 2: don't we.

1234
01:03:13,080 --> 01:03:15,400
Speaker 23: Well, I'm not sure we're taking it with much salt

1235
01:03:15,480 --> 01:03:18,200
Speaker 23: these days. Ryan, I mean, who would have thought in

1236
01:03:18,280 --> 01:03:21,160
Speaker 23: the election campaign when he won and you know, us

1237
01:03:21,240 --> 01:03:23,720
Speaker 23: three were all doing election night coverage on the night,

1238
01:03:24,120 --> 01:03:26,920
Speaker 23: we would not have predicted that he would suddenly talk

1239
01:03:26,920 --> 01:03:31,520
Speaker 23: about invading Greenland and taking over Panama Canal. We would

1240
01:03:31,520 --> 01:03:34,240
Speaker 23: have just laughed that was ridiculous. Now he has talked

1241
01:03:34,240 --> 01:03:36,520
Speaker 23: about that, and I think we should take him seriously,

1242
01:03:36,960 --> 01:03:41,040
Speaker 23: and certainly Canada is, and Mark Carney, the new Prime minister,

1243
01:03:41,160 --> 01:03:44,240
Speaker 23: the new Liberal leader, is taking it seriously.

1244
01:03:44,320 --> 01:03:46,560
Speaker 12: I mean, this is I mean, you're right true.

1245
01:03:46,680 --> 01:03:50,160
Speaker 23: Canada are the nice guys of geopolitics. They've been described

1246
01:03:50,200 --> 01:03:54,800
Speaker 23: as the labradors of geopolitics or the herbivores, which I

1247
01:03:54,880 --> 01:03:58,160
Speaker 23: think makes us began because we're even nicer. But you know,

1248
01:03:58,280 --> 01:04:00,760
Speaker 23: to have the Canadians and to have someone Mark Carney,

1249
01:04:00,760 --> 01:04:05,400
Speaker 23: who's a very technocratic, you know, banker, you know, talk

1250
01:04:05,480 --> 01:04:08,840
Speaker 23: in this language of saying the Americans want our resources,

1251
01:04:09,280 --> 01:04:12,360
Speaker 23: our water, our land, our country. We will not give

1252
01:04:12,400 --> 01:04:14,680
Speaker 23: it to them. And if they throw down the gloves,

1253
01:04:14,760 --> 01:04:17,800
Speaker 23: which is a very sort of Canadian image, they throw

1254
01:04:17,880 --> 01:04:20,680
Speaker 23: down the gloves, we will pick gloves up. So you know,

1255
01:04:20,960 --> 01:04:24,880
Speaker 23: expect duels at dawn. And I think he's he's made

1256
01:04:24,920 --> 01:04:27,600
Speaker 23: the right decision here to be tough, because one thing

1257
01:04:27,680 --> 01:04:31,800
Speaker 23: we've learned from Trump mark two is that if you

1258
01:04:32,080 --> 01:04:35,600
Speaker 23: suck up to him, he hates and despises your weakness.

1259
01:04:35,680 --> 01:04:38,320
Speaker 23: Look what he did to Justin Trudeau and Trudeau went

1260
01:04:38,360 --> 01:04:41,600
Speaker 23: to mar Lago. But Carnie's taken the other sort of

1261
01:04:41,680 --> 01:04:44,000
Speaker 23: game theory approach. So game theory is like, you know,

1262
01:04:44,120 --> 01:04:47,200
Speaker 23: two cars running head on for a head on collision

1263
01:04:47,280 --> 01:04:49,040
Speaker 23: towards each other, who's going.

1264
01:04:49,040 --> 01:04:49,880
Speaker 24: To swerve first?

1265
01:04:50,040 --> 01:04:52,480
Speaker 23: And he's basically taken the steering wheel off and put

1266
01:04:52,520 --> 01:04:55,040
Speaker 23: it out the window and said you better swerve first.

1267
01:04:55,120 --> 01:04:58,240
Speaker 23: Otherwise we're hating each other. So you know, good on them.

1268
01:04:58,320 --> 01:05:00,800
Speaker 23: This is I think you meet strength with yeah, only

1269
01:05:00,880 --> 01:05:01,800
Speaker 23: way you fight bully.

1270
01:05:02,320 --> 01:05:04,920
Speaker 2: Well, yeah, it's an interesting it's an interesting take, especially

1271
01:05:04,960 --> 01:05:07,560
Speaker 2: as you say, from such a friendly neighbor. Thank you

1272
01:05:07,680 --> 01:05:09,760
Speaker 2: very much both of you for coming on tonight. There's

1273
01:05:09,800 --> 01:05:12,320
Speaker 2: a many great texts I want to say, but there

1274
01:05:12,440 --> 01:05:14,280
Speaker 2: is one text here that just says this woman is

1275
01:05:14,280 --> 01:05:16,480
Speaker 2: an idiot. And the thing is, I don't know which

1276
01:05:16,520 --> 01:05:18,000
Speaker 2: of you they're talking about.

1277
01:05:19,520 --> 01:05:19,560
Speaker 11: Me?

1278
01:05:19,800 --> 01:05:19,920
Speaker 8: Right?

1279
01:05:20,120 --> 01:05:22,160
Speaker 22: Can you go back and look at the time stamp

1280
01:05:22,240 --> 01:05:22,400
Speaker 22: on that.

1281
01:05:22,640 --> 01:05:25,480
Speaker 19: I think we will mention to the audio.

1282
01:05:26,680 --> 01:05:28,520
Speaker 23: So much to be true, but I know it's going

1283
01:05:28,600 --> 01:05:28,960
Speaker 23: to be No.

1284
01:05:29,720 --> 01:05:31,760
Speaker 2: She don't count yourself out like that. We'll go and

1285
01:05:31,800 --> 01:05:35,360
Speaker 2: get the receipts. Seven away from six News Talks MB.

1286
01:05:36,440 --> 01:05:39,880
Speaker 1: It's the Heather Duplessy allan drive full show podcast on

1287
01:05:40,120 --> 01:05:43,360
Speaker 1: MYRD Radio powered by NEWSTALKSB.

1288
01:05:44,520 --> 01:05:47,280
Speaker 2: News TALKSB. It's four minutes away from Sex After Sex.

1289
01:05:47,440 --> 01:05:49,360
Speaker 2: Nicola willis as what it's the Finance min It's the

1290
01:05:49,440 --> 01:05:52,400
Speaker 2: lots to talk about, including that poll, but Adrian All's resignation,

1291
01:05:52,600 --> 01:05:56,040
Speaker 2: what did she know? And when? Why on earth did

1292
01:05:56,080 --> 01:05:59,440
Speaker 2: he suddenly resign? Prime Minister is going to India and

1293
01:05:59,520 --> 01:06:02,000
Speaker 2: we'll also talk about Keywi savor, where the government is

1294
01:06:02,040 --> 01:06:05,800
Speaker 2: looking at increasing the minimum savings amount that we have

1295
01:06:06,000 --> 01:06:08,920
Speaker 2: to know currently gets three percent. The Australia is eleven

1296
01:06:08,960 --> 01:06:11,640
Speaker 2: and a half, although it's paid by the employer, still

1297
01:06:11,640 --> 01:06:14,080
Speaker 2: a hell of up more than ours. That ought to come,

1298
01:06:14,160 --> 01:06:16,600
Speaker 2: but very quickly. A couple of texts if we've got time.

1299
01:06:16,760 --> 01:06:20,000
Speaker 2: On health and safety, Ryan Health and Safety at Work

1300
01:06:20,040 --> 01:06:23,080
Speaker 2: Act has generated billions of dollars and expenses for this country.

1301
01:06:23,720 --> 01:06:27,120
Speaker 2: I wanted my flat roof washed and the roofing company

1302
01:06:27,120 --> 01:06:30,280
Speaker 2: said it would cost me four thousand dollars for the

1303
01:06:30,440 --> 01:06:34,400
Speaker 2: roof edge protection so they didn't fall off a flat roof.

1304
01:06:35,240 --> 01:06:38,760
Speaker 2: This is absolutely ridiculous. The actual job itself was going

1305
01:06:38,840 --> 01:06:41,920
Speaker 2: to cost fifteen hundred dollars for the roof treatment. Go figure.

1306
01:06:42,200 --> 01:06:45,360
Speaker 2: Welcome to New Zealand. News Talks could be Nicola Willis next.

1307
01:07:10,880 --> 01:07:14,840
Speaker 4: What's up? What's down? What with a major cause and

1308
01:07:15,000 --> 01:07:16,520
Speaker 4: how will it affect the economy?

1309
01:07:16,880 --> 01:07:20,880
Speaker 1: The big business questions on the Business Hour with Ryan

1310
01:07:21,000 --> 01:07:25,600
Speaker 1: Bridge and Mayor's Insurance and investments, Grow your Wealth, Protect

1311
01:07:25,640 --> 01:07:27,240
Speaker 1: Your Future News Talks a B.

1312
01:07:27,760 --> 01:07:31,000
Speaker 2: Seven after six News Talk f B Paul Blots from ATSPC,

1313
01:07:31,200 --> 01:07:33,680
Speaker 2: based in Sydney but visiting Auckland today. He's with us

1314
01:07:33,840 --> 01:07:36,080
Speaker 2: just after the six thirty news. Gavin Gray out of

1315
01:07:36,080 --> 01:07:39,640
Speaker 2: the UK. Shane Solly will get us across today's market

1316
01:07:39,720 --> 01:07:42,600
Speaker 2: movements as well. Right now Nichola Willis is the Finance

1317
01:07:42,680 --> 01:07:43,480
Speaker 2: Minister she's with me.

1318
01:07:43,560 --> 01:07:45,640
Speaker 24: Good evening, Good evening, Ryan.

1319
01:07:45,800 --> 01:07:46,560
Speaker 2: How are you today?

1320
01:07:47,360 --> 01:07:50,000
Speaker 24: I'm very well, thank you. It's a beautiful sunny day

1321
01:07:50,040 --> 01:07:51,640
Speaker 24: in Wellington, just gorgeous.

1322
01:07:51,720 --> 01:07:55,120
Speaker 2: Great to hear. Are you feeling is the six pm

1323
01:07:55,200 --> 01:07:56,880
Speaker 2: news is beautiful and sunny? Or are you a bit

1324
01:07:56,960 --> 01:07:58,200
Speaker 2: upset about those poll numbers?

1325
01:07:58,800 --> 01:08:02,040
Speaker 24: I haven't seen the six pm. But look, my focus

1326
01:08:02,400 --> 01:08:05,320
Speaker 24: is never on a poll. It's always on how can

1327
01:08:05,400 --> 01:08:09,200
Speaker 24: we deliver for New Zealanders. And New Zealanders are letting

1328
01:08:09,280 --> 01:08:11,640
Speaker 24: us know loud and clear that they want us focused

1329
01:08:11,720 --> 01:08:15,800
Speaker 24: on reducing their cost of living, growing this economy, delivering

1330
01:08:15,920 --> 01:08:19,640
Speaker 24: better education and health services, and that is exactly what

1331
01:08:19,760 --> 01:08:22,920
Speaker 24: we are focused on. So between now and the election,

1332
01:08:23,160 --> 01:08:26,360
Speaker 24: there'll be a lot of polls. My focus is on delivery, and.

1333
01:08:26,680 --> 01:08:30,160
Speaker 2: There is absolutely no appetite from anyone within your party

1334
01:08:30,320 --> 01:08:33,200
Speaker 2: or from you to get rid of Lux into Rollin

1335
01:08:33,320 --> 01:08:36,040
Speaker 2: for the election. You're one hundred percent confident he's the

1336
01:08:36,160 --> 01:08:39,320
Speaker 2: right guy for the election. That's right, Okay, all right,

1337
01:08:39,400 --> 01:08:41,720
Speaker 2: let's move on Adrian or why wasn't he the right

1338
01:08:41,800 --> 01:08:43,040
Speaker 2: guy for the job? What happened?

1339
01:08:44,240 --> 01:08:48,240
Speaker 24: Well, as you know, last week, he made the decision

1340
01:08:48,320 --> 01:08:52,519
Speaker 24: to resign from his role as Reserve Bank governor. That's

1341
01:08:52,560 --> 01:08:55,320
Speaker 24: a matter he engaged with the Reserve Bank Board on

1342
01:08:55,880 --> 01:08:59,320
Speaker 24: which was subsequently announced, and I've wished him well for

1343
01:08:59,360 --> 01:08:59,799
Speaker 24: the future.

1344
01:09:00,080 --> 01:09:01,920
Speaker 2: Did you ever find out what was going on?

1345
01:09:03,720 --> 01:09:07,840
Speaker 24: Look, the Board had informed me via the Secretary for

1346
01:09:07,920 --> 01:09:11,760
Speaker 24: the Treasury that there were discussions occurring with mister Orr,

1347
01:09:12,560 --> 01:09:15,439
Speaker 24: and then they let me know that that final decision

1348
01:09:15,479 --> 01:09:16,599
Speaker 24: to resign had been made.

1349
01:09:17,160 --> 01:09:20,439
Speaker 2: Was there any discussion between you and Adrian or in

1350
01:09:20,600 --> 01:09:27,519
Speaker 2: recent weeks about budgets about you know, staff members, how

1351
01:09:27,600 --> 01:09:30,519
Speaker 2: many staff they've got at the bank, about a potential

1352
01:09:30,560 --> 01:09:32,000
Speaker 2: budget bid, that kind of stuff.

1353
01:09:33,360 --> 01:09:36,840
Speaker 24: Yes, there was. Every five years, the government needs to

1354
01:09:37,040 --> 01:09:41,280
Speaker 24: negotiate a funding agreement with the Reserve Bank, and I'd

1355
01:09:41,360 --> 01:09:44,200
Speaker 24: made clear that I was uncomfortable with just how much

1356
01:09:44,360 --> 01:09:47,599
Speaker 24: taxpayers money had been going into the Reserve Bank. It's

1357
01:09:47,640 --> 01:09:50,600
Speaker 24: a negotiation between me and the Reserve Bank Board what

1358
01:09:50,720 --> 01:09:53,800
Speaker 24: those ultimate funding figures for the future are, and i'd

1359
01:09:53,880 --> 01:09:57,080
Speaker 24: express my desire to see real value for money for taxpayers,

1360
01:09:57,120 --> 01:10:00,400
Speaker 24: a focus on the core deliverables, and that I wasn't

1361
01:10:00,560 --> 01:10:03,240
Speaker 24: convinced that that had been the case in recent years.

1362
01:10:03,680 --> 01:10:06,479
Speaker 24: That's exactly what you'd expect from me, Ryan which is

1363
01:10:06,560 --> 01:10:08,920
Speaker 24: it's my job to protect the public purse and to

1364
01:10:09,040 --> 01:10:11,559
Speaker 24: ensure key weas are getting good value. And that applies

1365
01:10:11,720 --> 01:10:14,400
Speaker 24: at any government agency, including the Reserve Bank.

1366
01:10:15,080 --> 01:10:17,920
Speaker 2: Their annual budget was about one hundred and forty million old,

1367
01:10:18,000 --> 01:10:20,880
Speaker 2: isn't it. Were you wanting to bring that down further?

1368
01:10:22,439 --> 01:10:26,240
Speaker 24: Well, the increase over the past five years had been

1369
01:10:26,360 --> 01:10:29,920
Speaker 24: dramatic and had outpaced that of just about every other

1370
01:10:30,120 --> 01:10:34,000
Speaker 24: government agency. And so the negotiation that we're having with

1371
01:10:34,080 --> 01:10:37,800
Speaker 24: the Reserve Bank is what's actually the minimal viable product here?

1372
01:10:37,920 --> 01:10:40,000
Speaker 24: How much funding do you need to do to deliver

1373
01:10:40,160 --> 01:10:43,400
Speaker 24: your key statutory functions? Because they've got an important job,

1374
01:10:43,520 --> 01:10:45,519
Speaker 24: you know, they've got to keep inflation under control, they've

1375
01:10:45,560 --> 01:10:48,080
Speaker 24: got to manage the official cash rate, they've got to

1376
01:10:48,400 --> 01:10:51,080
Speaker 24: ensure we've got financial stability. What would it take to

1377
01:10:51,120 --> 01:10:54,160
Speaker 24: fund that without all of the added extras tacked on

1378
01:10:54,240 --> 01:10:54,599
Speaker 24: as well?

1379
01:10:55,360 --> 01:10:57,960
Speaker 2: Their staff numbers went from two hundred and fifty five

1380
01:10:58,040 --> 01:11:01,000
Speaker 2: and twenty eighteen to six hundred forty one in twenty

1381
01:11:01,120 --> 01:11:04,120
Speaker 2: twenty four. Are you also wanting that to come down?

1382
01:11:05,280 --> 01:11:08,320
Speaker 24: Well, you'd expect that if they're just focused on their

1383
01:11:08,400 --> 01:11:12,120
Speaker 24: core functions, they wouldn't require those significant numbers of staff

1384
01:11:12,200 --> 01:11:14,960
Speaker 24: that they've had in recent years. And to my point,

1385
01:11:15,439 --> 01:11:17,960
Speaker 24: I'm interested in how many people do we need to

1386
01:11:18,040 --> 01:11:21,920
Speaker 24: deliver on the really important functions, not all of the

1387
01:11:22,000 --> 01:11:24,559
Speaker 24: other stuff tacked on as well. I mean, the Reserve Bank,

1388
01:11:25,080 --> 01:11:28,320
Speaker 24: in my mind, should not be a gilded palace with

1389
01:11:28,680 --> 01:11:33,519
Speaker 24: un tapped resources that just keep flowing. Actually, it should

1390
01:11:33,560 --> 01:11:36,759
Speaker 24: be like any other government agency. It's got some restraint,

1391
01:11:36,840 --> 01:11:39,600
Speaker 24: it's got some discipline, it's ensuring value for money. And

1392
01:11:39,640 --> 01:11:41,920
Speaker 24: that's the approach that I've taken to the negotiation.

1393
01:11:42,720 --> 01:11:46,760
Speaker 2: And clearly that's roffled a few feathers and they've flyn

1394
01:11:46,840 --> 01:11:47,160
Speaker 2: the coup.

1395
01:11:48,520 --> 01:11:48,680
Speaker 25: Well.

1396
01:11:48,800 --> 01:11:52,639
Speaker 24: Ultimately that negotiation occurs between me and the Reserve Bank Board.

1397
01:11:53,320 --> 01:11:55,640
Speaker 24: The Reserve Bank Board will make their submission on what

1398
01:11:55,720 --> 01:11:58,160
Speaker 24: they think is the appropriate level of funding and the

1399
01:11:58,240 --> 01:12:01,280
Speaker 24: coming days and weeks, and then we negotiate that and

1400
01:12:01,360 --> 01:12:03,679
Speaker 24: we hope to have it all sign up and delivered

1401
01:12:03,720 --> 01:12:04,400
Speaker 24: before the budget.

1402
01:12:05,040 --> 01:12:08,080
Speaker 2: This investment summit, why is black Rock not going on?

1403
01:12:08,320 --> 01:12:09,960
Speaker 2: Not on the guest list? What have you been told

1404
01:12:10,000 --> 01:12:10,360
Speaker 2: about that?

1405
01:12:11,720 --> 01:12:14,599
Speaker 24: I haven't actually been briefed on that. As you will

1406
01:12:14,640 --> 01:12:17,760
Speaker 24: have seen, there's a broad range of investors invited to

1407
01:12:17,840 --> 01:12:21,400
Speaker 24: the summit, including some of the world's big infrastructure funds,

1408
01:12:21,520 --> 01:12:26,719
Speaker 24: including New Zealand EE Investment funds. And there are also

1409
01:12:26,840 --> 01:12:30,320
Speaker 24: infrastructure partners there, so people who deliver big infrastructure projects.

1410
01:12:30,360 --> 01:12:33,040
Speaker 24: So there's a broad range of people and none of

1411
01:12:33,439 --> 01:12:36,280
Speaker 24: this would preclude any entity in the future being involved

1412
01:12:36,320 --> 01:12:38,840
Speaker 24: in investing. Now, we just can't fit everyone in the room.

1413
01:12:39,160 --> 01:12:41,120
Speaker 2: Yeah, but it's the big one. It's the big boy

1414
01:12:41,160 --> 01:12:41,920
Speaker 2: you want in the room.

1415
01:12:43,040 --> 01:12:45,080
Speaker 24: Well, it's one of the big boys. But there's plenty

1416
01:12:45,080 --> 01:12:46,880
Speaker 24: of big boys and girls who will be in the room.

1417
01:12:47,960 --> 01:12:50,080
Speaker 2: The banks. Just coming back to the Zier Bank very briefly,

1418
01:12:50,120 --> 01:12:53,200
Speaker 2: the capital rules you're looking at potentially trying to compel

1419
01:12:53,320 --> 01:12:56,920
Speaker 2: or override the Reserve Bank the way that it regulates banks.

1420
01:12:57,800 --> 01:13:01,479
Speaker 2: Is that something you're seriously considering doing so, Yeah.

1421
01:13:01,439 --> 01:13:04,479
Speaker 24: Look what this goes back to is in twenty nineteen,

1422
01:13:04,760 --> 01:13:07,800
Speaker 24: the Reserve Bank made a decision to require banks to

1423
01:13:07,880 --> 01:13:10,920
Speaker 24: hold more capital against their lending, and at the time,

1424
01:13:11,320 --> 01:13:14,360
Speaker 24: banks and others warned that that could have a couple

1425
01:13:14,439 --> 01:13:18,360
Speaker 24: of impacts for New Zealanders. One higher interest rates and

1426
01:13:18,600 --> 01:13:22,960
Speaker 24: two that it could stop the amount of lending going

1427
01:13:23,040 --> 01:13:27,920
Speaker 24: into productive businesses that we've had historically therefore leading to

1428
01:13:28,160 --> 01:13:31,680
Speaker 24: a negative impact on the size of our economy. So

1429
01:13:31,840 --> 01:13:35,000
Speaker 24: both of those two things concern me, and I think

1430
01:13:35,080 --> 01:13:39,479
Speaker 24: it's important that I now review. Okay, has that happened?

1431
01:13:39,640 --> 01:13:42,599
Speaker 24: Is that happening? Are we taking the right approach here?

1432
01:13:42,800 --> 01:13:46,360
Speaker 24: Because my focus is anything I can do to make

1433
01:13:46,439 --> 01:13:49,160
Speaker 24: sure that New Zealanders have incomes that are rising faster

1434
01:13:49,360 --> 01:13:52,400
Speaker 24: and interest rates that are lower, I'm pretty interested in doing.

1435
01:13:52,720 --> 01:13:54,800
Speaker 24: So let's get all the advice here, Let's have that

1436
01:13:54,960 --> 01:13:58,000
Speaker 24: discussion and not just take it as set in stone.

1437
01:13:58,360 --> 01:14:01,120
Speaker 2: You spoke to the diference back in February. This is

1438
01:14:01,200 --> 01:14:04,479
Speaker 2: the New Zealand Economics Forum conference, and you told them

1439
01:14:04,520 --> 01:14:07,400
Speaker 2: that you were taking advice on options for achieving higher

1440
01:14:07,479 --> 01:14:11,040
Speaker 2: KEIW saver balances. I mean, if you look at our numbers,

1441
01:14:11,280 --> 01:14:13,519
Speaker 2: they're not great. I mean they are good. Are key

1442
01:14:13,560 --> 01:14:15,640
Speaker 2: we saver balance is collectively now worth more than one

1443
01:14:15,680 --> 01:14:19,120
Speaker 2: hundred billion dollars. That's great. We're turning eighteen I think

1444
01:14:19,160 --> 01:14:21,400
Speaker 2: in a month or so. But you look at the

1445
01:14:21,439 --> 01:14:23,840
Speaker 2: Australians and they're like four trillion, right, So we've got

1446
01:14:23,880 --> 01:14:26,080
Speaker 2: to get our rates up, no doubt about that. Are

1447
01:14:26,120 --> 01:14:30,480
Speaker 2: you considering, as the government considering increasing the minimum contribution

1448
01:14:30,840 --> 01:14:31,920
Speaker 2: up from three percent.

1449
01:14:33,240 --> 01:14:36,200
Speaker 24: Look, we're considering a range of options for increasing New

1450
01:14:36,280 --> 01:14:39,120
Speaker 24: Zealand is kei we saver balances. The important thing to

1451
01:14:39,240 --> 01:14:44,000
Speaker 24: remember is New Zealand has universal superannuation for every Kiwi

1452
01:14:44,160 --> 01:14:47,160
Speaker 24: from age sixty five. The Aussies don't have that. So

1453
01:14:47,320 --> 01:14:51,080
Speaker 24: that's the main contribution the government makes to superannuation in

1454
01:14:51,160 --> 01:14:54,600
Speaker 24: New Zealand is funding that universal superannuation. We then have

1455
01:14:54,760 --> 01:14:56,960
Speaker 24: kei we Saver and I think key we Save is

1456
01:14:57,000 --> 01:15:01,280
Speaker 24: becoming increasingly important for two reasons. One it's the main

1457
01:15:01,439 --> 01:15:03,479
Speaker 24: tool that heaps the key we is used to save

1458
01:15:03,560 --> 01:15:06,800
Speaker 24: for their house deposit. And two we know that more

1459
01:15:06,840 --> 01:15:09,360
Speaker 24: New Zealanders are going to want more financial security and

1460
01:15:09,439 --> 01:15:12,320
Speaker 24: retirement because not everyone will own their own home at retirement.

1461
01:15:12,400 --> 01:15:15,360
Speaker 24: So key we sava becomes a really important supplement to

1462
01:15:15,560 --> 01:15:18,479
Speaker 24: universal super So I am taking advice on what we

1463
01:15:18,560 --> 01:15:21,920
Speaker 24: can do to encourage New Zealanders to save more and

1464
01:15:22,000 --> 01:15:25,439
Speaker 24: their key we saver accounts as an addition to not

1465
01:15:25,680 --> 01:15:28,480
Speaker 24: instead of universal New Zealand superannuation.

1466
01:15:28,800 --> 01:15:30,640
Speaker 2: Does that mean yeah, I totally get that you're not

1467
01:15:30,720 --> 01:15:33,960
Speaker 2: going to get rid of super universal super But does

1468
01:15:34,000 --> 01:15:37,200
Speaker 2: that mean you're you're looking at sweetness like tax incentives

1469
01:15:37,240 --> 01:15:39,920
Speaker 2: to get people to pay more, or would you actually

1470
01:15:40,200 --> 01:15:42,200
Speaker 2: say put a line in the stand and say we

1471
01:15:42,320 --> 01:15:44,479
Speaker 2: need to get your minimum to five percent over this

1472
01:15:44,720 --> 01:15:46,160
Speaker 2: period of time or whatever it might be.

1473
01:15:47,439 --> 01:15:51,560
Speaker 24: Look, the main financial contribution that the government makes and

1474
01:15:51,640 --> 01:15:54,919
Speaker 24: in my mind, should make to superannuation is that increasing

1475
01:15:55,000 --> 01:15:57,960
Speaker 24: costs for New Zealand superannuation that's growing by literally billions

1476
01:15:58,000 --> 01:16:00,679
Speaker 24: even over the next few years. So that's the core

1477
01:16:00,760 --> 01:16:04,240
Speaker 24: way in which the government funds superannuation costs. But as

1478
01:16:04,320 --> 01:16:06,479
Speaker 24: you allude, there are a range of other ways in

1479
01:16:06,560 --> 01:16:10,559
Speaker 24: which we could help ki savers improve their balances, including

1480
01:16:10,600 --> 01:16:13,280
Speaker 24: the rates of contributions and other things. So we're working

1481
01:16:13,360 --> 01:16:16,040
Speaker 24: through that. I haven't taken advice to Cabinet yet, but

1482
01:16:16,120 --> 01:16:18,360
Speaker 24: I think it's really important that more Kiwis have more

1483
01:16:18,439 --> 01:16:21,599
Speaker 24: financial security in their retirement and I'm prepared to make

1484
01:16:21,920 --> 01:16:22,439
Speaker 24: changes to.

1485
01:16:22,520 --> 01:16:25,120
Speaker 2: Deliver that all right, and very quickly. There's are two

1486
01:16:25,280 --> 01:16:27,240
Speaker 2: things we've spoken about before, but any update on the

1487
01:16:27,600 --> 01:16:29,560
Speaker 2: foreign bias thing. I think last time you said it

1488
01:16:29,640 --> 01:16:31,040
Speaker 2: was that leader to leader stage.

1489
01:16:32,080 --> 01:16:34,280
Speaker 24: Do you know I've got to the point where if

1490
01:16:34,320 --> 01:16:36,120
Speaker 24: there's change in this area, I think you should be

1491
01:16:36,200 --> 01:16:38,200
Speaker 24: the first to know because you've asked me the most

1492
01:16:38,280 --> 01:16:41,280
Speaker 24: questions about it and your interest is very much appreciated.

1493
01:16:41,400 --> 01:16:43,400
Speaker 2: Right, So that didn't answer the question though, did it?

1494
01:16:43,760 --> 01:16:44,720
Speaker 2: Is there an update or not?

1495
01:16:45,479 --> 01:16:47,160
Speaker 24: I don't have an update for you today, but when

1496
01:16:47,200 --> 01:16:48,840
Speaker 24: I've got an update, you're going to get it, my friend.

1497
01:16:49,200 --> 01:16:51,840
Speaker 2: Okay, thanks for the time, minister, really appreciate it. Nicola Willis,

1498
01:16:51,880 --> 01:16:54,720
Speaker 2: who's the finance minister who says that Luxon's job is

1499
01:16:54,800 --> 01:16:58,839
Speaker 2: safe till the next election? Sixteen after six markets.

1500
01:16:58,880 --> 01:17:03,320
Speaker 1: Next, it's the Heather Dupless Allen Drive Full Show podcast

1501
01:17:03,479 --> 01:17:06,320
Speaker 1: on my Heart Radio empowered by Newstalk.

1502
01:17:05,960 --> 01:17:10,000
Speaker 2: ZIBB News Talk ZIBB. It is six nineteen. Shane Sully

1503
01:17:10,120 --> 01:17:13,599
Speaker 2: with Harbor Asset Management with US Tonight high Shane. Yeah, right,

1504
01:17:14,040 --> 01:17:15,920
Speaker 2: So we obviously had a pretty bad week on the

1505
01:17:16,120 --> 01:17:18,840
Speaker 2: US stock market last week and it continues today.

1506
01:17:19,760 --> 01:17:22,959
Speaker 25: Oh look, you know, this rapid pace of policy announcements

1507
01:17:23,000 --> 01:17:26,040
Speaker 25: from the Trump government is really putting Evesis on the

1508
01:17:26,080 --> 01:17:28,040
Speaker 25: back foot. And we've got to the point now where

1509
01:17:28,680 --> 01:17:31,080
Speaker 25: this is are worried about growth. A couple of things

1510
01:17:31,120 --> 01:17:35,519
Speaker 25: behind that, this government efficiency drive led by this new

1511
01:17:35,560 --> 01:17:38,559
Speaker 25: Department of Government Efficiency and the terrif announcements has seen

1512
01:17:39,520 --> 01:17:43,240
Speaker 25: a drop and consensus market growth focus and got to

1513
01:17:43,320 --> 01:17:46,080
Speaker 25: the point where late last week we saw US fedel

1514
01:17:46,120 --> 01:17:50,840
Speaker 25: Reserved Bank Chairman Joan Power and say he look, actually economies, okay,

1515
01:17:51,240 --> 01:17:54,240
Speaker 25: munty policys sittings are appropriate, but that sort of the

1516
01:17:54,280 --> 01:17:56,479
Speaker 25: shear market come up a little bit on Friday, but

1517
01:17:56,600 --> 01:17:59,040
Speaker 25: over all the week weest really soft in the US

1518
01:17:59,120 --> 01:18:01,720
Speaker 25: market because of this lot of growth numbers. So yeah,

1519
01:18:01,880 --> 01:18:06,599
Speaker 25: a bit of a challenge certainly getting efficiency is costing

1520
01:18:06,600 --> 01:18:07,360
Speaker 25: a little bit of growth.

1521
01:18:07,680 --> 01:18:09,800
Speaker 2: Yeah, And he's the way he's talking as well. I

1522
01:18:09,840 --> 01:18:11,519
Speaker 2: mean even the last twenty four hours talking about the

1523
01:18:11,880 --> 01:18:13,439
Speaker 2: possibility of a recession.

1524
01:18:14,600 --> 01:18:16,640
Speaker 25: Yeah, that's right. And we've got one of his key

1525
01:18:16,680 --> 01:18:20,280
Speaker 25: policy advisors, mister A saying Heylo right from the get go,

1526
01:18:20,920 --> 01:18:23,479
Speaker 25: I was asked to how Toway get efficiency without breaking

1527
01:18:23,520 --> 01:18:27,120
Speaker 25: the economy. So mister Trump is definitely testing the boundaries

1528
01:18:27,840 --> 01:18:28,240
Speaker 25: back here.

1529
01:18:28,320 --> 01:18:32,160
Speaker 2: Fonterra increased its profit guidance today. What was behind that move?

1530
01:18:32,920 --> 01:18:35,840
Speaker 25: Yeah, look a good good uplift from Fontira that they've

1531
01:18:35,880 --> 01:18:37,360
Speaker 25: got a building, a bit of a track. We've got

1532
01:18:37,360 --> 01:18:40,040
Speaker 25: a beating expectations. This was better than expected. They've lifted

1533
01:18:40,320 --> 01:18:43,519
Speaker 25: earning specier guidance from forty to sixty cents to fifty

1534
01:18:43,600 --> 01:18:46,799
Speaker 25: five to seventy five. And really it's just back to basics,

1535
01:18:46,840 --> 01:18:51,200
Speaker 25: the good underlying ingredients business, you know, driving upgrades. This

1536
01:18:51,560 --> 01:18:54,240
Speaker 25: dairy pay apps obviously very helpful for the FDA New

1537
01:18:54,280 --> 01:18:57,479
Speaker 25: Zealand economy. But they've certainly got a much better run,

1538
01:18:57,600 --> 01:19:00,240
Speaker 25: demand and supply going their way, so they're they're in

1539
01:19:00,280 --> 01:19:00,800
Speaker 25: a good spot.

1540
01:19:01,520 --> 01:19:03,479
Speaker 2: They're also and we've spoken about this a lot, wanting

1541
01:19:03,560 --> 01:19:08,040
Speaker 2: to divest the consumer business Mainland. They've now started doing

1542
01:19:08,120 --> 01:19:10,439
Speaker 2: their road show up and down the country is part

1543
01:19:10,520 --> 01:19:13,439
Speaker 2: of this kind of process. What's the reaction to the

1544
01:19:13,560 --> 01:19:15,200
Speaker 2: information they've been sharing being.

1545
01:19:15,280 --> 01:19:18,800
Speaker 25: Like, yeah, look, so this Mainland is a consumer business

1546
01:19:18,840 --> 01:19:21,120
Speaker 25: that produces products like ank and milk and mainland and

1547
01:19:21,200 --> 01:19:23,839
Speaker 25: capity dairy products we know of and these on Australia,

1548
01:19:23,840 --> 01:19:27,280
Speaker 25: it's also in parts of Asia. The business they've just

1549
01:19:28,000 --> 01:19:29,799
Speaker 25: given us a little bit of detail on is smidge.

1550
01:19:29,880 --> 01:19:32,240
Speaker 25: To be honest with youryan, the start hopefully of some

1551
01:19:32,360 --> 01:19:36,040
Speaker 25: more information. So they're running a business that generated four

1552
01:19:36,080 --> 01:19:38,880
Speaker 25: point nine BI and dollars revenue in two hundred million

1553
01:19:38,920 --> 01:19:42,080
Speaker 25: of earnings before interest and tax in twenty twenty four,

1554
01:19:42,920 --> 01:19:47,000
Speaker 25: so it's certainly got an okay base there, but they're

1555
01:19:47,040 --> 01:19:49,240
Speaker 25: running a dual process, so we don't actually know whether

1556
01:19:49,479 --> 01:19:51,960
Speaker 25: it may be listed or it may actually be sold

1557
01:19:52,000 --> 01:19:54,320
Speaker 25: to a trade bier. So early days there's a lot

1558
01:19:54,360 --> 01:19:56,760
Speaker 25: of information to come out. But the combination of that

1559
01:19:57,640 --> 01:20:03,160
Speaker 25: earnings upgrade and released on mainland that supported the Fonterrashoe

1560
01:20:03,160 --> 01:20:06,120
Speaker 25: price is actually up five percent to five dollars forty five,

1561
01:20:06,200 --> 01:20:09,080
Speaker 25: almost back to its five year high. Still a bit

1562
01:20:09,080 --> 01:20:11,920
Speaker 25: of uncertains around the Maniam process, but certainly we're getting

1563
01:20:11,920 --> 01:20:13,360
Speaker 25: a bit more confidence that this is getting a bit

1564
01:20:13,400 --> 01:20:17,320
Speaker 25: more confidence around earning space in the capital base for Fontira.

1565
01:20:17,439 --> 01:20:19,360
Speaker 25: So yeah, a better day for Fontira, a.

1566
01:20:19,400 --> 01:20:21,439
Speaker 2: Tech for them today. What results should we be looking

1567
01:20:21,439 --> 01:20:22,160
Speaker 2: forward to this week?

1568
01:20:23,000 --> 01:20:26,120
Speaker 25: Yeah, it's very much about macroeconomics, to be honest with

1569
01:20:26,160 --> 01:20:28,000
Speaker 25: your Ryan Sore. Will be some big data points out

1570
01:20:28,000 --> 01:20:31,200
Speaker 25: of the US, particularly some inflation points, and again going

1571
01:20:31,280 --> 01:20:34,439
Speaker 25: back to mister Jeron Pale from the FED saying everything's okay,

1572
01:20:35,160 --> 01:20:37,800
Speaker 25: we need some more confilmation about particularly with inflation. And

1573
01:20:37,840 --> 01:20:40,080
Speaker 25: then later in the week we've got some US job

1574
01:20:40,439 --> 01:20:43,720
Speaker 25: jobs data and so it's the trade off between hot enough,

1575
01:20:44,240 --> 01:20:46,160
Speaker 25: hot enough in the economy, not too cold in the

1576
01:20:46,200 --> 01:20:49,320
Speaker 25: economy for him to keep those interest rates in the

1577
01:20:49,400 --> 01:20:52,120
Speaker 25: right city. We've got a Bank of Canada official rate call.

1578
01:20:52,240 --> 01:20:55,000
Speaker 25: Now normally you could go, why why does that matter? Well,

1579
01:20:55,160 --> 01:20:57,880
Speaker 25: they've actually been quite a lead indicator for other central

1580
01:20:57,960 --> 01:21:01,000
Speaker 25: banks and so they've been really having rates aggressively. And

1581
01:21:01,040 --> 01:21:02,720
Speaker 25: obviously they're in the midst of a bit of a

1582
01:21:02,800 --> 01:21:05,400
Speaker 25: trade war with the US. But really I think we're

1583
01:21:05,439 --> 01:21:08,479
Speaker 25: going to keep focusing on these trade tariff news and

1584
01:21:08,520 --> 01:21:11,479
Speaker 25: fortunately it's going to keep us pretty busy, certainly is Shane.

1585
01:21:11,520 --> 01:21:14,080
Speaker 2: Thank you for that, Shane, Sally harv Rest Management with

1586
01:21:14,200 --> 01:21:17,000
Speaker 2: a market update for this afternoon twenty three minutes after six.

1587
01:21:17,479 --> 01:21:21,520
Speaker 2: Coming up next, I'll tell you what Joe Biden's signature

1588
01:21:21,680 --> 01:21:25,760
Speaker 2: has conservatives so exercised for over in the US. That's next.

1589
01:21:26,760 --> 01:21:29,280
Speaker 4: If it's to do with money, it matters to you.

1590
01:21:29,840 --> 01:21:34,640
Speaker 1: The Business Hour with Ryan Ridge and Lair's Insurance and Investments,

1591
01:21:35,000 --> 01:21:38,679
Speaker 1: Grow your Wealth, Protect your Future, News Talks, edb six.

1592
01:21:38,600 --> 01:21:41,240
Speaker 2: Twenty six on News Talks MB. Everyone who's looking for

1593
01:21:41,280 --> 01:21:43,280
Speaker 2: an exemption to all the tariffs, and of course this

1594
01:21:43,360 --> 01:21:46,040
Speaker 2: is what every diplomat's dreams are made of at the moment,

1595
01:21:46,120 --> 01:21:49,080
Speaker 2: an exemption to one of Donald Trump's tariffs. There was

1596
01:21:49,280 --> 01:21:51,760
Speaker 2: one granted for the auto industry in the US. Of course,

1597
01:21:51,840 --> 01:21:54,639
Speaker 2: Australia got one last time round. That was under Malcolm

1598
01:21:54,680 --> 01:21:57,520
Speaker 2: Turnbull when Trump was last in power for steel and aluminium,

1599
01:21:57,640 --> 01:22:00,760
Speaker 2: and Elbow and Crew are now trying to get another

1600
01:22:00,840 --> 01:22:04,880
Speaker 2: one for the latest round of steel and aluminum tariffs

1601
01:22:04,920 --> 01:22:06,920
Speaker 2: that are going on. And a Trump advisor at the

1602
01:22:06,960 --> 01:22:10,360
Speaker 2: weekend is basically played down any chances of anyone in

1603
01:22:10,600 --> 01:22:14,120
Speaker 2: particularly Australia, because he was asked about Australia getting an exemption.

1604
01:22:14,320 --> 01:22:17,320
Speaker 2: So of course the coalition, the coalition, there's attacking labor

1605
01:22:18,080 --> 01:22:20,639
Speaker 2: for a foreign policy failure, though I don't know really

1606
01:22:20,720 --> 01:22:22,559
Speaker 2: that you can blame it all on them. It's more

1607
01:22:22,600 --> 01:22:26,639
Speaker 2: Trump than them, isn't it. The number to text twenty

1608
01:22:26,760 --> 01:22:30,640
Speaker 2: seven minutes after six Bryan Bridge. If you're wondering what

1609
01:22:31,720 --> 01:22:34,679
Speaker 2: to do, if you're you know, personally, I've been thinking

1610
01:22:34,680 --> 01:22:36,800
Speaker 2: about my mortgage. I know I've got a friend who's

1611
01:22:36,840 --> 01:22:41,080
Speaker 2: thinking about a car, upgrading the house, doing a renovation,

1612
01:22:41,320 --> 01:22:44,280
Speaker 2: buying a new car, changing your mortgage structure. All of

1613
01:22:44,320 --> 01:22:48,400
Speaker 2: these big life decisions. Everybody is thinking at the same time. Well,

1614
01:22:48,439 --> 01:22:50,840
Speaker 2: hang on a minute, I thought we were on a trajectory.

1615
01:22:50,920 --> 01:22:52,559
Speaker 2: I thought we were going in a cit in direction,

1616
01:22:52,720 --> 01:22:55,320
Speaker 2: and then Donald Trump has come in like a bout

1617
01:22:55,360 --> 01:22:57,840
Speaker 2: out of hell, like a whirlwind, and just not quite

1618
01:22:57,920 --> 01:23:02,360
Speaker 2: sure anymore. Now the blocks them. HSBC chief economist is

1619
01:23:02,400 --> 01:23:05,479
Speaker 2: going to be with us in the studio after the

1620
01:23:05,600 --> 01:23:08,479
Speaker 2: news are half passed. He's going to tell us whether

1621
01:23:08,560 --> 01:23:11,160
Speaker 2: we should buy that new car, whether we should upgrade

1622
01:23:11,240 --> 01:23:14,639
Speaker 2: that house, do that renovation, whatever it might be. He's

1623
01:23:14,680 --> 01:23:18,280
Speaker 2: going to basically run through how serious the threat of

1624
01:23:18,840 --> 01:23:22,559
Speaker 2: a Trump session will be for us down under News

1625
01:23:22,600 --> 01:23:32,960
Speaker 2: Talks twenty eight after six staff.

1626
01:23:40,520 --> 01:23:44,240
Speaker 1: Croaching the numbers and getting the results, it's Ryan Bridge

1627
01:23:44,400 --> 01:23:48,040
Speaker 1: with the Business Hour and MAS insurance and investments.

1628
01:23:48,400 --> 01:23:51,320
Speaker 4: Grew your wealth, Protect your future NEWSTALKSB.

1629
01:24:02,760 --> 01:24:04,800
Speaker 2: Yeah, good evening. It is twenty four minutes away from

1630
01:24:04,840 --> 01:24:06,880
Speaker 2: seven year on News talks'd B. We've got to Gavin

1631
01:24:06,920 --> 01:24:09,479
Speaker 2: Gray out of the UK shortly. Lots of your text

1632
01:24:09,520 --> 01:24:12,920
Speaker 2: have beeg back to get through as well. Right now

1633
01:24:13,000 --> 01:24:16,679
Speaker 2: though it is time for well, he's the most famous

1634
01:24:16,720 --> 01:24:20,040
Speaker 2: economist on this program. I'll say that for sure. New

1635
01:24:20,120 --> 01:24:23,360
Speaker 2: Zealand is desperate for an economic recovery, but with international

1636
01:24:23,439 --> 01:24:26,439
Speaker 2: market wobbles and fears of a Trump session, which is

1637
01:24:26,520 --> 01:24:30,479
Speaker 2: a Trump induced recession, I'm told in the US how

1638
01:24:30,640 --> 01:24:34,679
Speaker 2: vulnerable are we and should we temper our expectations. Paul

1639
01:24:34,720 --> 01:24:38,240
Speaker 2: Bloxham as HSBC's chief economists. He's in the country from Sydney.

1640
01:24:38,400 --> 01:24:40,400
Speaker 2: It's great to have you in studio, Paul, good evening,

1641
01:24:40,600 --> 01:24:43,600
Speaker 2: great to be here. Do you how obsessed are you

1642
01:24:43,760 --> 01:24:45,720
Speaker 2: with following what Trump is saying every day?

1643
01:24:46,000 --> 01:24:47,800
Speaker 26: It is my day job to keep up with what

1644
01:24:48,000 --> 01:24:51,760
Speaker 26: is going on, and it is certainly fast paced, to

1645
01:24:51,800 --> 01:24:54,040
Speaker 26: say the least. I get actually quite a few clients.

1646
01:24:54,080 --> 01:24:56,320
Speaker 26: I do lots of presentations and I've been doing them

1647
01:24:56,360 --> 01:24:58,640
Speaker 26: here this week as well. And they say, you know,

1648
01:24:58,720 --> 01:25:00,639
Speaker 26: it must be tough to be an econom because there's

1649
01:25:00,640 --> 01:25:03,000
Speaker 26: so many moving parts and so much happening. And I say,

1650
01:25:03,280 --> 01:25:05,360
Speaker 26: because I'm a contrarian, of course, I say, no, it's

1651
01:25:05,360 --> 01:25:07,280
Speaker 26: a great time to be an economist because there's such

1652
01:25:07,280 --> 01:25:10,360
Speaker 26: a so much going on, and if anything, the economics

1653
01:25:10,400 --> 01:25:12,800
Speaker 26: framework is surely like one of the ones that you've

1654
01:25:12,800 --> 01:25:14,720
Speaker 26: got to use to fit the facts together to make

1655
01:25:14,800 --> 01:25:17,000
Speaker 26: some sense of how it goes so and how and

1656
01:25:17,240 --> 01:25:18,120
Speaker 26: what you should think about it?

1657
01:25:18,200 --> 01:25:20,960
Speaker 2: And so it's kept me busy, all right, Well, synthesize

1658
01:25:21,000 --> 01:25:24,040
Speaker 2: it for us, then is the answer here? Basically, there

1659
01:25:24,160 --> 01:25:28,240
Speaker 2: is so much going on that it's all equals uncertainty,

1660
01:25:28,320 --> 01:25:32,400
Speaker 2: and uncertainty is bad. There's an element of that story.

1661
01:25:32,560 --> 01:25:35,839
Speaker 26: Certainly, when things chop and change a lot, it's difficult

1662
01:25:35,840 --> 01:25:37,640
Speaker 26: for businesses to be able to know which way to

1663
01:25:37,720 --> 01:25:39,200
Speaker 26: move are they going to you know, where are they

1664
01:25:39,200 --> 01:25:40,840
Speaker 26: going to invest, where are they going to hire? And

1665
01:25:40,920 --> 01:25:42,560
Speaker 26: I think you're starting to see that in some of

1666
01:25:42,600 --> 01:25:45,920
Speaker 26: the business surveys, you know. So that's one aspect of

1667
01:25:45,960 --> 01:25:48,439
Speaker 26: this story. But there's a lot of elements to what's

1668
01:25:48,479 --> 01:25:51,120
Speaker 26: being delivered. There's a trade policy element. That's the one

1669
01:25:51,160 --> 01:25:53,040
Speaker 26: that gets all the attention, which is sort of trade

1670
01:25:53,080 --> 01:25:56,439
Speaker 26: tariffs and what's been happening with those, But there's also others.

1671
01:25:56,560 --> 01:25:59,920
Speaker 26: There's the deregulation story and tax cuts that they propose

1672
01:26:00,200 --> 01:26:02,280
Speaker 26: as well, So you sort of have to balance out

1673
01:26:02,320 --> 01:26:03,600
Speaker 26: all of the bits.

1674
01:26:03,360 --> 01:26:04,559
Speaker 2: Of the overall story.

1675
01:26:04,800 --> 01:26:08,400
Speaker 26: I think net we're looking at, you know that there's

1676
01:26:08,520 --> 01:26:12,120
Speaker 26: upside risk to us inflation, and that's something we need

1677
01:26:12,200 --> 01:26:14,360
Speaker 26: to think about in terms of global interest rates and

1678
01:26:14,439 --> 01:26:17,120
Speaker 26: what it means, and the US dolar which has remained strong.

1679
01:26:17,479 --> 01:26:19,599
Speaker 26: And I think there is some risk to US growth

1680
01:26:19,760 --> 01:26:22,000
Speaker 26: from all of this, but the major thing is it

1681
01:26:22,200 --> 01:26:23,960
Speaker 26: has a flow on effect to the rest of the world.

1682
01:26:24,040 --> 01:26:26,479
Speaker 26: So the risk overall to the global economy is probably

1683
01:26:26,560 --> 01:26:28,960
Speaker 26: tilted to the downside. So those are the ways, at

1684
01:26:29,040 --> 01:26:31,479
Speaker 26: least some guideposts for thinking about what's going on. I think,

1685
01:26:31,840 --> 01:26:33,519
Speaker 26: of course here in New Zealand, you want to think

1686
01:26:33,520 --> 01:26:36,600
Speaker 26: about what it means for New Zealand. Well, you know,

1687
01:26:36,760 --> 01:26:39,600
Speaker 26: I think the direct impact is actually fairly small in

1688
01:26:39,680 --> 01:26:43,400
Speaker 26: the scheme of things, The trading relationships fairly small. New

1689
01:26:43,479 --> 01:26:45,720
Speaker 26: Zealand sells a lot more into the Asian markets and

1690
01:26:45,760 --> 01:26:47,519
Speaker 26: so on, and so I think it's a fairly small

1691
01:26:47,640 --> 01:26:51,720
Speaker 26: effect overall, but it's not insignificant. But I actually think

1692
01:26:51,720 --> 01:26:53,519
Speaker 26: New Zealand's in doing a little bit better. I mean,

1693
01:26:53,760 --> 01:26:56,120
Speaker 26: I think this year you're going to see an upswing

1694
01:26:56,240 --> 01:26:57,240
Speaker 26: in the New Zealand economy.

1695
01:26:57,240 --> 01:26:59,120
Speaker 2: I think, well, I think that's what everyone's worried about,

1696
01:26:59,240 --> 01:27:02,160
Speaker 2: is we all feel the same way, but we're worried

1697
01:27:02,640 --> 01:27:04,760
Speaker 2: someone's going to come and eat our lunch. You know,

1698
01:27:04,840 --> 01:27:08,040
Speaker 2: there's going to be a Donald Trump shaped bite out

1699
01:27:08,080 --> 01:27:10,599
Speaker 2: of our sandwich that we were expecting to eat this yet.

1700
01:27:10,600 --> 01:27:11,880
Speaker 2: So I think you've got a couple of things going

1701
01:27:11,920 --> 01:27:12,120
Speaker 2: for you.

1702
01:27:12,240 --> 01:27:14,080
Speaker 26: So so one of them is, of course, that inflation

1703
01:27:14,120 --> 01:27:17,120
Speaker 26: has come down enough now that the rbnz's cutting interest rates,

1704
01:27:17,160 --> 01:27:18,880
Speaker 26: and not just by a little bit, they've cut interest

1705
01:27:18,960 --> 01:27:21,160
Speaker 26: rates already by one hundred and seventy five basis points.

1706
01:27:21,240 --> 01:27:23,920
Speaker 26: That's quite a lot of stimulus that's starting to pour

1707
01:27:24,000 --> 01:27:26,240
Speaker 26: into the New Zealand economy. I think you're seeing that

1708
01:27:26,320 --> 01:27:29,280
Speaker 26: showing up in surveys, consumer sentiment surveys and so on.

1709
01:27:29,439 --> 01:27:32,240
Speaker 26: So that's one tailwind. And the other tailwind you've got

1710
01:27:32,479 --> 01:27:35,799
Speaker 26: is that well, dairy prices have risen, meat prices are elevated,

1711
01:27:35,840 --> 01:27:38,160
Speaker 26: you've got more volumes, Your terms of trade is positive,

1712
01:27:38,360 --> 01:27:41,240
Speaker 26: so you're going to get a national income tailwind from

1713
01:27:41,320 --> 01:27:43,680
Speaker 26: that story. And both of those things we think will

1714
01:27:43,720 --> 01:27:46,880
Speaker 26: lift growth. After a pretty a tough year last year

1715
01:27:47,040 --> 01:27:49,120
Speaker 26: in terms of you know, the economy contracting, I think

1716
01:27:49,160 --> 01:27:51,320
Speaker 26: you're going to get quite a decent bounce back through

1717
01:27:51,439 --> 01:27:54,080
Speaker 26: this year, pretty strong bounce back if you look at

1718
01:27:54,120 --> 01:27:56,320
Speaker 26: it through the year. And so those things are at work,

1719
01:27:56,320 --> 01:27:58,080
Speaker 26: and as you say, I guess there's risks out there

1720
01:27:58,080 --> 01:27:59,920
Speaker 26: from the global story. But one of the things to

1721
01:28:00,080 --> 01:28:02,040
Speaker 26: keep in mind is you're tied to the China story

1722
01:28:02,080 --> 01:28:05,960
Speaker 26: a lot, and China is not able. China's story is

1723
01:28:06,880 --> 01:28:09,960
Speaker 26: pivoting more towards the consumer. So instead of being as

1724
01:28:10,080 --> 01:28:15,360
Speaker 26: driven by metals intensive activities like building factories and building property,

1725
01:28:15,600 --> 01:28:17,320
Speaker 26: they can't do as much of that. They've already done

1726
01:28:17,360 --> 01:28:20,600
Speaker 26: a lot of that, but they're pivoting their own stimulus measure.

1727
01:28:20,360 --> 01:28:21,280
Speaker 2: Towards the consumer.

1728
01:28:21,400 --> 01:28:24,040
Speaker 26: If the Chinese consumer picks up, which is part of

1729
01:28:24,280 --> 01:28:26,759
Speaker 26: what we think is likely, then that's actually a positive

1730
01:28:26,800 --> 01:28:27,280
Speaker 26: for New Zealand.

1731
01:28:27,280 --> 01:28:29,360
Speaker 2: So there's a few tail winds here. You talk about

1732
01:28:29,360 --> 01:28:31,760
Speaker 2: the Reserve Bank, and you've been at this conference in

1733
01:28:32,040 --> 01:28:35,160
Speaker 2: Wellington last week where all the nerds from central banks

1734
01:28:35,160 --> 01:28:36,720
Speaker 2: around the world went and had a little chat.

1735
01:28:37,280 --> 01:28:38,200
Speaker 4: What did you do?

1736
01:28:38,560 --> 01:28:41,720
Speaker 2: What survive? You picked up there about Adrian or I mean,

1737
01:28:41,800 --> 01:28:44,720
Speaker 2: was this quite a shock for people in the in

1738
01:28:44,800 --> 01:28:46,040
Speaker 2: the money economy world.

1739
01:28:46,720 --> 01:28:48,920
Speaker 26: I'd think that everyone was shocked by what happened. I

1740
01:28:48,920 --> 01:28:51,960
Speaker 26: think that's a reasonable surmise. I think the conference was

1741
01:28:52,080 --> 01:28:54,800
Speaker 26: very focused on a celebration in a way of the

1742
01:28:54,840 --> 01:28:57,439
Speaker 26: fact that this is the central bank, the RBNZ the

1743
01:28:57,479 --> 01:29:00,720
Speaker 26: first central bank to have adopted inflation targeting. They did

1744
01:29:00,800 --> 01:29:03,599
Speaker 26: that thirty five years ago. And I know your audience

1745
01:29:03,640 --> 01:29:06,280
Speaker 26: will say, well, it's inflation targeting. How good's it been. Actually,

1746
01:29:06,360 --> 01:29:09,760
Speaker 26: it's been a really robust system for being able to

1747
01:29:09,840 --> 01:29:12,760
Speaker 26: manage cycles and economies. And not only has it worked

1748
01:29:12,800 --> 01:29:16,120
Speaker 26: well here, but it's been in New Zealand led the way.

1749
01:29:16,160 --> 01:29:17,920
Speaker 26: The RBNZ was the first central bank to do it,

1750
01:29:17,960 --> 01:29:19,439
Speaker 26: and then the other central banks around the world have

1751
01:29:19,479 --> 01:29:22,719
Speaker 26: all adopted the similar sorts of strategies, including the RBA

1752
01:29:22,840 --> 01:29:24,519
Speaker 26: and the Federal Reserve and the Bank of England and

1753
01:29:24,600 --> 01:29:27,679
Speaker 26: so you know, New Zealand was where all this started.

1754
01:29:28,040 --> 01:29:31,080
Speaker 26: It's it's actually it's the best, the best system available

1755
01:29:31,120 --> 01:29:33,720
Speaker 26: for central banks to manage economies. It's not perfect, and

1756
01:29:33,920 --> 01:29:36,080
Speaker 26: you can learn a lot still, but it's it's it's

1757
01:29:36,120 --> 01:29:37,760
Speaker 26: the way that central banks go about it. So I

1758
01:29:37,840 --> 01:29:40,720
Speaker 26: think that's a lot of what the conference was really

1759
01:29:40,760 --> 01:29:43,040
Speaker 26: about was sort of going and looking at how well

1760
01:29:43,120 --> 01:29:46,160
Speaker 26: it's performed and how central bankers can do it better

1761
01:29:46,320 --> 01:29:46,880
Speaker 26: in the future.

1762
01:29:47,040 --> 01:29:50,240
Speaker 2: One of the things you're one of the biggest complaints

1763
01:29:50,280 --> 01:29:53,639
Speaker 2: you get about this targeting of monet The way monetary

1764
01:29:53,680 --> 01:29:56,360
Speaker 2: policy operates is that you're taking money away. You're taking

1765
01:29:56,400 --> 01:29:58,760
Speaker 2: money out of people's pockets to try and dampen down,

1766
01:29:59,200 --> 01:30:02,559
Speaker 2: you know, demand, try and have an effect on inflation,

1767
01:30:03,320 --> 01:30:06,200
Speaker 2: and that money just sort of disappears, you know, Like

1768
01:30:06,720 --> 01:30:08,640
Speaker 2: there are people who say, oh, why don't we have

1769
01:30:08,760 --> 01:30:11,400
Speaker 2: a different system where that money would be put into

1770
01:30:11,479 --> 01:30:14,560
Speaker 2: some kind of savings vehicle or something rather than just

1771
01:30:14,720 --> 01:30:18,759
Speaker 2: sort of arbitrarily disappearing into the ethos when the reserve

1772
01:30:18,840 --> 01:30:22,160
Speaker 2: Bank ups the ocr well, there are a number of reasons.

1773
01:30:22,160 --> 01:30:23,840
Speaker 26: I mean, the first one is you're absolutely right to

1774
01:30:23,920 --> 01:30:26,680
Speaker 26: describe it as you're lifting and lowering. I might add

1775
01:30:26,840 --> 01:30:28,960
Speaker 26: there've been lowering interest rates recently, so actually what they're

1776
01:30:28,960 --> 01:30:31,120
Speaker 26: doing is actually allowing people more income to spend. They're

1777
01:30:31,120 --> 01:30:33,120
Speaker 26: trying to get the economy to pick up because inflation

1778
01:30:33,240 --> 01:30:36,080
Speaker 26: has come down. But you are setting a policy rate

1779
01:30:36,320 --> 01:30:39,080
Speaker 26: to try to manage the cycles in demand. If demand's

1780
01:30:39,080 --> 01:30:41,559
Speaker 26: picking up too much, you're slowing it down by lifting rates.

1781
01:30:41,880 --> 01:30:44,120
Speaker 26: And likewise, if demand is slowed too much, you start

1782
01:30:44,200 --> 01:30:46,679
Speaker 26: to lower interest rates, and you guide that by looking

1783
01:30:46,760 --> 01:30:49,960
Speaker 26: at the inflation rate, which balances that out. You're right,

1784
01:30:50,160 --> 01:30:52,320
Speaker 26: absolutely that This is not the only way you could

1785
01:30:52,320 --> 01:30:55,960
Speaker 26: do things. You could actually use your fiscal policy tools.

1786
01:30:56,120 --> 01:30:58,640
Speaker 26: You could set taxes and spending by government and so on,

1787
01:30:59,000 --> 01:31:01,160
Speaker 26: and try and compliment what you do in terms of

1788
01:31:01,240 --> 01:31:04,040
Speaker 26: managing that cycle. It doesn't have to just be that

1789
01:31:04,080 --> 01:31:06,920
Speaker 26: you'd use monetary policy. But the way we've gravitated, we've

1790
01:31:06,960 --> 01:31:09,639
Speaker 26: gravitated to a system whereby the central bank is independent

1791
01:31:10,080 --> 01:31:12,559
Speaker 26: and it sets policy to try and manage that cycle,

1792
01:31:13,040 --> 01:31:17,000
Speaker 26: because well, fiscal policy doesn't always end up being set

1793
01:31:17,080 --> 01:31:19,120
Speaker 26: in a way that manages the cycle as effectively.

1794
01:31:19,439 --> 01:31:21,439
Speaker 2: So that's the system we have, and it works.

1795
01:31:21,560 --> 01:31:23,639
Speaker 26: It's not perfect, as I said, but it works.

1796
01:31:23,800 --> 01:31:24,800
Speaker 2: It works fairly well.

1797
01:31:25,040 --> 01:31:27,000
Speaker 26: And this was the first country to have adopted this

1798
01:31:27,080 --> 01:31:29,880
Speaker 26: system that every you know, all the other countries around

1799
01:31:29,880 --> 01:31:32,320
Speaker 26: the world have effectively moved towards over time.

1800
01:31:33,040 --> 01:31:35,519
Speaker 2: I'm not sure it's something we're ready to sing and

1801
01:31:35,720 --> 01:31:38,080
Speaker 2: celebrate about just at the moment, only because we've been

1802
01:31:38,120 --> 01:31:40,320
Speaker 2: recently scarred, that's true, I know.

1803
01:31:40,680 --> 01:31:42,439
Speaker 26: But it's worth keeping in mind that interest rates are

1804
01:31:42,479 --> 01:31:44,680
Speaker 26: now coming down exactly, and they're probably going to come

1805
01:31:44,720 --> 01:31:47,360
Speaker 26: down a bit further yet, and that's going to start

1806
01:31:47,439 --> 01:31:50,120
Speaker 26: to stimulate is already starting to stimulate the economy into

1807
01:31:50,120 --> 01:31:52,080
Speaker 26: an upswing, and that's a positive.

1808
01:31:52,320 --> 01:31:53,800
Speaker 2: Inflation was the major problem.

1809
01:31:53,920 --> 01:31:56,640
Speaker 26: Inflation's come down. Now it's sitting around the midpoint of

1810
01:31:56,680 --> 01:31:59,320
Speaker 26: the rbnz's target band, so they've been able to lower

1811
01:31:59,400 --> 01:32:01,360
Speaker 26: interest rates start to stimulate the economy.

1812
01:32:01,800 --> 01:32:03,479
Speaker 2: Paul, thank you very much for coming in. Great to

1813
01:32:03,520 --> 01:32:06,640
Speaker 2: see you. Thank you, Paul Block. Some HSBC chief economists

1814
01:32:06,640 --> 01:32:09,719
Speaker 2: with us in studio. It is sixteen minutes away from seven.

1815
01:32:09,840 --> 01:32:11,720
Speaker 2: We're over in the UK with Gavin Gray next.

1816
01:32:12,040 --> 01:32:16,160
Speaker 1: Whether it's macro micro or just playing economics, it's all

1817
01:32:16,280 --> 01:32:20,360
Speaker 1: on the business hours with Ryan Bridge and Player's insurance

1818
01:32:20,439 --> 01:32:24,200
Speaker 1: and investments, Grow your wealth, protect your future these talks.

1819
01:32:24,439 --> 01:32:27,680
Speaker 2: B It is thirteen minutes away from seven News Talk,

1820
01:32:27,760 --> 01:32:30,200
Speaker 2: said b I'm Ryan Bridge, and in just a few

1821
01:32:30,240 --> 01:32:32,719
Speaker 2: minutes I'll tell you why what's going on with Biden

1822
01:32:32,800 --> 01:32:36,000
Speaker 2: and his signature and why the Conservatives and the Republicans

1823
01:32:36,040 --> 01:32:39,479
Speaker 2: in the US are so outraged about his signature. Right now, though,

1824
01:32:39,479 --> 01:32:42,200
Speaker 2: we're going to Gavin Gray. Are UK correspondent Gavin good evening?

1825
01:32:43,280 --> 01:32:45,920
Speaker 2: Are they right now? A man has been charged by

1826
01:32:46,000 --> 01:32:48,639
Speaker 2: police over an incident involving Big Ben.

1827
01:32:50,120 --> 01:32:54,960
Speaker 21: Yes, so a man with the bare feet, scaled the

1828
01:32:55,280 --> 01:33:00,240
Speaker 21: side of Big Ben spent twenty no roughly sixteen half

1829
01:33:00,360 --> 01:33:03,720
Speaker 21: hours on a ledge several meters up the tower. It

1830
01:33:03,840 --> 01:33:06,799
Speaker 21: led to widespread disruption at the weekend with the closure

1831
01:33:06,880 --> 01:33:10,200
Speaker 21: of Westminster Bridge, which was very bad for traffic nearby

1832
01:33:10,640 --> 01:33:13,960
Speaker 21: one of the exits of Westminster Underground station and nearby

1833
01:33:14,080 --> 01:33:17,879
Speaker 21: Bridge Street as well. Tours of Parliament were also counceled

1834
01:33:17,880 --> 01:33:20,880
Speaker 21: in response. This also amounds small beer, but you know,

1835
01:33:21,040 --> 01:33:23,160
Speaker 21: London is so busy at the moment. The closures of

1836
01:33:23,240 --> 01:33:27,400
Speaker 21: major bridges are a huge problem and the emergency services,

1837
01:33:28,080 --> 01:33:30,280
Speaker 21: who then brought in a cherry pick at a try

1838
01:33:30,320 --> 01:33:33,320
Speaker 21: and tolki him down, eventually did get the twenty nine

1839
01:33:33,400 --> 01:33:37,200
Speaker 21: year old suspect down from the bridge from the tower

1840
01:33:37,360 --> 01:33:40,560
Speaker 21: rather and there were people at the foot of the

1841
01:33:40,680 --> 01:33:45,080
Speaker 21: tower shouting Free Palestine and ra hero. The twenty nine

1842
01:33:45,160 --> 01:33:48,519
Speaker 21: year old suspect had been carrying a Palestinian flag, waving

1843
01:33:48,600 --> 01:33:51,600
Speaker 21: it from the ledge that he was stood on for

1844
01:33:51,680 --> 01:33:55,760
Speaker 21: so long, and Westminster Police say he was arrested once

1845
01:33:55,800 --> 01:33:58,560
Speaker 21: he reached the ground. It was a protracted incident in

1846
01:33:58,640 --> 01:34:01,040
Speaker 21: their own words, and now he been charged. We'll wait

1847
01:34:01,080 --> 01:34:03,680
Speaker 21: to see at his court appearance. A little later on

1848
01:34:03,760 --> 01:34:07,120
Speaker 21: to that Westminster Magistrates Court. What's going to happen next?

1849
01:34:07,360 --> 01:34:10,120
Speaker 2: Okay, we'll keep watching brief on that one. Now, obviously

1850
01:34:10,160 --> 01:34:12,200
Speaker 2: all the ladies in Europe are coming together and trying

1851
01:34:12,240 --> 01:34:15,519
Speaker 2: to form a consensus on Ukraine, and the Latvian president

1852
01:34:16,120 --> 01:34:18,639
Speaker 2: has said that, actually, we're a bit weak at the moment,

1853
01:34:18,760 --> 01:34:19,840
Speaker 2: let's look at conscription.

1854
01:34:21,280 --> 01:34:21,960
Speaker 21: Yeah, very much.

1855
01:34:22,000 --> 01:34:22,040
Speaker 8: So.

1856
01:34:22,120 --> 01:34:25,360
Speaker 21: They're not the only ones as well that are neighboring

1857
01:34:25,600 --> 01:34:30,080
Speaker 21: Russia and or Ukraine. The Baltics. Some of the Baltics,

1858
01:34:30,120 --> 01:34:33,720
Speaker 21: of course are former Russian republics, and they really do

1859
01:34:33,920 --> 01:34:36,400
Speaker 21: fear that Russia is just getting a taste for trying

1860
01:34:36,439 --> 01:34:39,720
Speaker 21: to claim back what it believes is its land. But

1861
01:34:39,840 --> 01:34:44,960
Speaker 21: these now independent countries are very uncomfortable. So the Latvian President,

1862
01:34:45,200 --> 01:34:49,560
Speaker 21: Edgar Rinkoviks is basically saying that he now thinks that

1863
01:34:49,680 --> 01:34:53,960
Speaker 21: the continent is quite weak militarily, that's his quote, and

1864
01:34:54,240 --> 01:34:58,799
Speaker 21: says that European countries or European countries should introduce conscription.

1865
01:34:59,479 --> 01:35:03,720
Speaker 21: Latvia introduced conscription back in twenty twenty three and has

1866
01:35:03,800 --> 01:35:07,880
Speaker 21: now pushed defense spending up considerably higher to four percent

1867
01:35:07,960 --> 01:35:11,200
Speaker 21: of the country's GDP. It's gross domestic product or its output.

1868
01:35:11,920 --> 01:35:14,439
Speaker 21: So he said in this interview, lots of people are

1869
01:35:14,439 --> 01:35:17,559
Speaker 21: feeling a bit nervous. People are following the news. Of course,

1870
01:35:17,640 --> 01:35:21,040
Speaker 21: reassurances are one thing, but another thing is other European

1871
01:35:21,120 --> 01:35:24,040
Speaker 21: governments have to make sure that we all get stronger,

1872
01:35:24,439 --> 01:35:28,240
Speaker 21: and says the other Baltic states Estonia and Lithuania really

1873
01:35:28,360 --> 01:35:33,000
Speaker 21: are the litmus test for NATO and nerves very very high.

1874
01:35:33,200 --> 01:35:35,839
Speaker 21: We've even heard this last week as well that Poland

1875
01:35:35,960 --> 01:35:40,000
Speaker 21: is looking to introduce some military service for all men

1876
01:35:40,320 --> 01:35:40,920
Speaker 21: in Poland.

1877
01:35:41,200 --> 01:35:44,439
Speaker 2: Interesting right, the Crufts Dog Show just to change gear

1878
01:35:44,520 --> 01:35:46,920
Speaker 2: for a sicken in Birmingham in the UK. You've got

1879
01:35:46,960 --> 01:35:47,320
Speaker 2: a winner.

1880
01:35:48,640 --> 01:35:52,960
Speaker 21: Yeah, the four year old whip it from Venice in Italy,

1881
01:35:53,320 --> 01:35:58,080
Speaker 21: so whippets look rather like a greyhound and it beat

1882
01:35:58,280 --> 01:36:00,920
Speaker 21: more than eighteen thousand dollars from around the world to

1883
01:36:00,960 --> 01:36:04,519
Speaker 21: claim the title. Quite controversial choice. Many people think that

1884
01:36:04,640 --> 01:36:06,560
Speaker 21: the dog that came runner up shed have won, but

1885
01:36:07,200 --> 01:36:10,000
Speaker 21: mucha was with his handler and it's the first time

1886
01:36:10,080 --> 01:36:12,760
Speaker 21: a dog from Italy has won the Best in Show

1887
01:36:13,240 --> 01:36:18,519
Speaker 21: from eighteen thousand dogs. They were chosen and it really

1888
01:36:18,680 --> 01:36:21,679
Speaker 21: comes with a huge trophy, but the rewards are really

1889
01:36:21,800 --> 01:36:26,759
Speaker 21: remarkably little, just about four hundred and forty New Zealand dollars.

1890
01:36:26,840 --> 01:36:27,639
Speaker 2: That's all you get.

1891
01:36:27,920 --> 01:36:29,920
Speaker 21: But it is of course the prestige. It is the

1892
01:36:30,040 --> 01:36:32,840
Speaker 21: hope of being able to breed from the dog as well.

1893
01:36:33,160 --> 01:36:36,400
Speaker 21: And so consequently a lot of people very interested in

1894
01:36:36,600 --> 01:36:40,280
Speaker 21: the winners and the losers, as it were, of Crufts,

1895
01:36:40,320 --> 01:36:43,720
Speaker 21: which is held in Venice, held in Birmingham rather in

1896
01:36:43,960 --> 01:36:45,599
Speaker 21: the midlands of the UK.

1897
01:36:45,960 --> 01:36:48,600
Speaker 2: Thank you so much, Gavin. Gavin Gray are UK correspondent.

1898
01:36:48,640 --> 01:36:50,600
Speaker 2: Isn't that interesting? Four hundred and forty dollars for the

1899
01:36:50,640 --> 01:36:54,200
Speaker 2: win when they were eighteen thousand dogs, presumably paying some

1900
01:36:54,360 --> 01:36:57,280
Speaker 2: kind of infant fee. It is nine minutes away from

1901
01:36:57,320 --> 01:36:59,760
Speaker 2: seven News Talks. I'll get to Biden's signature thing.

1902
01:37:01,200 --> 01:37:03,760
Speaker 1: It's the heather too for see Allen Drive Full Show

1903
01:37:03,880 --> 01:37:09,240
Speaker 1: podcast on iHeartRadio powered by newstalg ZBB Newstalk ZBB.

1904
01:37:09,400 --> 01:37:13,759
Speaker 2: It is six minutes away from seven. Really unusual report

1905
01:37:13,800 --> 01:37:16,120
Speaker 2: that's come out of the US this week is from

1906
01:37:16,360 --> 01:37:20,080
Speaker 2: the Conservative Heritage Foundation. They've gone back and looked at

1907
01:37:20,200 --> 01:37:23,519
Speaker 2: all of Joe Biden's executive orders, anything he had to

1908
01:37:23,640 --> 01:37:26,120
Speaker 2: sign while he was in office. Because of course everyone's

1909
01:37:26,120 --> 01:37:28,400
Speaker 2: saying he was going senile, he was old, he didn't

1910
01:37:28,439 --> 01:37:30,719
Speaker 2: know what he was doing. So they went and found

1911
01:37:30,720 --> 01:37:34,320
Speaker 2: everything he signed, including important executive orders, and they found

1912
01:37:34,360 --> 01:37:37,599
Speaker 2: that most of them. In fact, they couldn't find any

1913
01:37:37,760 --> 01:37:40,400
Speaker 2: other than one which will tell about a sex that

1914
01:37:40,560 --> 01:37:44,040
Speaker 2: weren't done with an auto pen. And autopen is one

1915
01:37:44,080 --> 01:37:46,880
Speaker 2: of those things where you basically sign once, then it's

1916
01:37:46,920 --> 01:37:49,080
Speaker 2: got it on your computer and you can just click

1917
01:37:49,120 --> 01:37:51,679
Speaker 2: it and will it will sign it right. So people

1918
01:37:51,720 --> 01:37:54,840
Speaker 2: are saying, how much of what Joe Biden signed did

1919
01:37:54,880 --> 01:37:57,400
Speaker 2: he actually mean to sign while he was in office.

1920
01:37:57,760 --> 01:38:01,439
Speaker 2: So this group, which is obviously a political rival of his,

1921
01:38:02,240 --> 01:38:04,080
Speaker 2: is going through and looking all of them. The only

1922
01:38:04,160 --> 01:38:07,560
Speaker 2: one they could find that he did sign and is

1923
01:38:07,760 --> 01:38:09,200
Speaker 2: you know, with a ballpoint pen.

1924
01:38:10,360 --> 01:38:11,000
Speaker 9: Was his.

1925
01:38:12,720 --> 01:38:14,760
Speaker 2: Least had that he wrote to the American people saying

1926
01:38:14,760 --> 01:38:16,479
Speaker 2: he was going to step aside. That's the only one

1927
01:38:16,479 --> 01:38:19,439
Speaker 2: they could find. Everything else from the White House, from

1928
01:38:19,479 --> 01:38:22,920
Speaker 2: the Oval Office came with an auto pen. So who

1929
01:38:23,000 --> 01:38:25,080
Speaker 2: knows was it him? Was it one of his staffers?

1930
01:38:25,160 --> 01:38:28,800
Speaker 2: I guess it's the great mystery. There you go, and

1931
01:38:28,960 --> 01:38:30,120
Speaker 2: so what are we going out to tonight?

1932
01:38:30,560 --> 01:38:32,880
Speaker 27: Children of the sky, But I imagine dragons to play

1933
01:38:32,960 --> 01:38:35,519
Speaker 27: us out tonight, Ryan. So this song was going to

1934
01:38:35,560 --> 01:38:38,599
Speaker 27: be the first song ever transmitted from the Moon to Earth.

1935
01:38:39,080 --> 01:38:40,479
Speaker 27: Was going to be I'll get to that in a moment.

1936
01:38:41,160 --> 01:38:44,360
Speaker 27: So there's this company called Lone Star. It's a tech company,

1937
01:38:44,520 --> 01:38:47,439
Speaker 27: and so they have successfully landed a data center on

1938
01:38:47,560 --> 01:38:49,640
Speaker 27: the Moon, like one of those big buildings full of

1939
01:38:49,720 --> 01:38:51,680
Speaker 27: servers or whatever. Presumably they didn't take the building with

1940
01:38:51,760 --> 01:38:54,519
Speaker 27: them because it's space, but so they landed it on

1941
01:38:54,640 --> 01:38:57,120
Speaker 27: the Moon and then the idea was they would transmit

1942
01:38:57,200 --> 01:38:59,200
Speaker 27: the song up there and then get the song to

1943
01:38:59,280 --> 01:39:01,280
Speaker 27: the data center to transmit the song back to Earth

1944
01:39:01,320 --> 01:39:03,200
Speaker 27: and it'll be the first ever broadcast of a song

1945
01:39:03,320 --> 01:39:06,120
Speaker 27: from the Moon to Earth. And it mostly worked right,

1946
01:39:06,400 --> 01:39:08,559
Speaker 27: like they flew the data center up and it landed

1947
01:39:08,640 --> 01:39:10,880
Speaker 27: on the Moon. But the problem was when it landed

1948
01:39:10,920 --> 01:39:12,479
Speaker 27: on the Moon, it kind of landed on one of

1949
01:39:12,520 --> 01:39:16,760
Speaker 27: the antennas and suddenly, fatally, suddenly it was just yeah,

1950
01:39:16,760 --> 01:39:18,479
Speaker 27: we're landing stuff on the Moon's heart, you know. So

1951
01:39:18,560 --> 01:39:20,160
Speaker 27: then it only had one antenna to work with, so

1952
01:39:20,240 --> 01:39:22,679
Speaker 27: it went through the power really really quickly. So while

1953
01:39:22,720 --> 01:39:26,280
Speaker 27: it was upprot of long enough to receive the song, unfortunately,

1954
01:39:26,320 --> 01:39:27,960
Speaker 27: it wasn't able to stay switched on long enough to

1955
01:39:28,000 --> 01:39:31,160
Speaker 27: broadcast it back. So Children of the Sky, by Imagine Dragons,

1956
01:39:31,160 --> 01:39:32,680
Speaker 27: it is on the moon, like it made it up there,

1957
01:39:32,760 --> 01:39:34,679
Speaker 27: But lots of songs have been sent to the moon before,

1958
01:39:34,720 --> 01:39:37,000
Speaker 27: so that's not actually a first, so sorry, Imagine Dragons.

1959
01:39:37,040 --> 01:39:39,560
Speaker 2: They tried their best, I'm sure, And basically all the

1960
01:39:40,000 --> 01:39:42,080
Speaker 2: upside of all of this is we've just lifted the moon.

1961
01:39:42,520 --> 01:39:45,640
Speaker 27: Yeah up, the more to go see if we make

1962
01:39:45,680 --> 01:39:46,080
Speaker 27: it up there.

1963
01:39:46,240 --> 01:39:48,080
Speaker 2: Brilliant. All right, and thank you for that, Thanks for

1964
01:39:48,200 --> 01:39:50,440
Speaker 2: listening and all of your feedback you've run Sidamo.

1965
01:40:09,320 --> 01:40:10,200
Speaker 18: Children love that.

1966
01:40:39,040 --> 01:40:42,200
Speaker 1: For more from Hither Duplessy Allen Drive, listen live to

1967
01:40:42,320 --> 01:40:45,320
Speaker 1: news talks it'd be from four pm weekdays, or follow

1968
01:40:45,400 --> 01:40:47,120
Speaker 1: the podcast on iHeartRadio.