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Speaker 1: Pressing the newsmakers to get the real story.

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Speaker 2: It's hither duplic Ellen drive with one New Zealand, let's

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Speaker 2: get connected New Stork.

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Speaker 3: Said b.

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Speaker 4: Afternoon. Welcome to the show. Coming up today, Darlene Tanner

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Speaker 4: on why she won't quit, Nikola Willis on whether the

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Speaker 4: banking changes will increase competition, Mercury's Boss and whether they're

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Speaker 4: making too much profit of us and the people who've

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Speaker 4: launched New Zealand's first five percent low alcohol wine. So

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Speaker 4: you don't get.

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Speaker 1: Too boozed, Heather du for Cyllen, here's.

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Speaker 4: Something to celebrate, a something a little bit different. For once,

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Speaker 4: for once, we've got a Commus Commission study that isn't

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Speaker 4: going absolutely nowhere. Nikola Willis has today said she is

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Speaker 4: going to do what the Commus Commission has recommended in

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Speaker 4: the banking study out today, and she is going to

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Speaker 4: do everything it's recommended, all fourteen recommendations. Now, this is

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Speaker 4: a little surprise, isn't it, Because I think we've got

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Speaker 4: very used to these studies coming out and pretty much

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Speaker 4: nothing of substance being done. We had the petrol study,

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Speaker 4: were at the supermarket study, where at the construction industry study,

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Speaker 4: and so you know, I was a little cynical about

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Speaker 4: the banking study, but I was wrong. And what's even

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Speaker 4: more surprising, I suppose, is that it's a center right

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Speaker 4: government who are the ones often accused of cozying up

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Speaker 4: to big business, who are actually the ones prepared to

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Speaker 4: do the bulls thing here. So doesn't that make a

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Speaker 4: nice change for once. Now as to whether it's actually

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Speaker 4: going to make a difference, the jury is out on

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Speaker 4: this one. I mean recommendation number one capitalizing Kiwi Bank.

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Speaker 4: I love the idea of doing this. I think it's

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Speaker 4: going to probably improve the bank. I think it will

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Speaker 4: absolutely give Kiwi investors another productive asset to put their

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Speaker 4: money into, and Kiwibank deserves basically to be given a

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Speaker 4: chance to fly a bit more. And for those reasons alone,

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Speaker 4: I'm stoked that Nikolewillis is committed to doing this. But

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Speaker 4: I'm not convinced it's going to do what they wanted

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Speaker 4: to do. I'm not convinced it's going to be the

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Speaker 4: disruptor and add the competition that's needed. I'm too many

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Speaker 4: people now who know a lot more about economics and

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Speaker 4: finance than I do, have said it's not going to

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Speaker 4: do it. It just still will not be big enough.

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Speaker 4: Second recommendation is the open banking thing. Nicholaiwillis again is

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Speaker 4: committed to doing that, but again I haven't seen any

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Speaker 4: evidence that this is the game changer. It's been sold as,

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Speaker 4: if anything, especially out of Australia by the way they've

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Speaker 4: done this, and if anything there it's just been really expensive.

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Speaker 4: It's cost about one point five billion dollars without apparently

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Speaker 4: doing all that much for customers. Now, those are just

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Speaker 4: two or fourteen recommendations, and look, who knows, maybe in

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Speaker 4: combination all of them put together will make a difference

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Speaker 4: to competition. But as I say, jury still out. But

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Speaker 4: still you can't fault the government for the fact that

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Speaker 4: they're prepared to do what's recommended, and even if it

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Speaker 4: doesn't affect competition as much as we like, at least

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Speaker 4: we're getting on with doing something about krewebank, which frankly

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Speaker 4: has been a long time coming together. Nine two nine

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Speaker 4: and two is the text number standard text fees of play.

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Speaker 4: It's final. Unfortunately, the christ Church Cathedral is going to

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Speaker 4: be mothballed until they get more money. The board responsible

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Speaker 4: for the bill called a meeting today to decide what

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Speaker 4: to do after the government said no to putting any

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Speaker 4: more money into the rebuild. Mark Stewart is the chair

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Speaker 4: of the board. High Mark, I'm well, thank you. Is

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Speaker 4: no one for Peter to stump up any more cash?

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Speaker 5: No at this Well, it's a big funding challenge, has

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Speaker 5: always been a funding challenge right from the day that

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Speaker 5: it was considered to be reinstated. That it got a

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Speaker 5: whole lot harder once we got and inside the cathedral

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Speaker 5: and figured out how much it was going to cost

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Speaker 5: affect it.

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Speaker 4: Did you ask anyone for more cash apart from obviously

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Speaker 4: the government.

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Speaker 5: Well, yes, we've been working heavily with the church in

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Speaker 5: terms of their further contributions to it and managed to

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Speaker 5: get some success with that through the General Senator while

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Speaker 5: back we continue to talk to all of the major

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Speaker 5: funders and funders of potential bonus to this particular site.

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Speaker 5: We've also obviously spoken to the government and had extensive

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Speaker 5: conversations with the Crosshiet City Council.

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Speaker 4: Well, what I was meaning, Mark was since the government

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Speaker 4: said no, they're not going to assist, have you asked

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Speaker 4: anybody since then?

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Speaker 5: Well, no, no, we haven't. We're we have to announce

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Speaker 5: today actually that we're suspending construction on the site. Heither.

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Speaker 5: I mean, it's just there's no pathway to completion without

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Speaker 5: the government being a part of this.

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Speaker 4: They were, I mean, the Anglicans have got heaps of cash.

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Speaker 4: Is there are heaps of philanthropists out there, Why wouldn't

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Speaker 4: they come to the party.

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Speaker 5: Well, I think, well, let's go in order. I mean

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Speaker 5: the church itself, who you say, they've got lots of cash,

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Speaker 5: They have lots of access, they say, which are other

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Speaker 5: churches which are being used as churches? So you know,

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Speaker 5: it's like cutting off your own to safety league in

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Speaker 5: some of the speak. I think it's also a bit

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Speaker 5: disingenuous about the way in which this to the church

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Speaker 5: has been sort of got into the frail road. Ultimately,

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Speaker 5: they wanted to, you know, do their own thing with

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Speaker 5: their own private asset, and they were thwarted from doing that,

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Speaker 5: and ultimately that led to the reinstatement promoted by the

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Speaker 5: government and by the Christis City Council. And so ultimately,

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Speaker 5: when the going get staff, one of the parties has

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Speaker 5: decided to walk away from that and left the church

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Speaker 5: and asked again. So there's a bit that's ingenuous to

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Speaker 5: say that, I think not fair enough.

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Speaker 4: I mean, I think that's a fair argument mount But

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Speaker 4: basically what I'm hearing is that you guys are going

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Speaker 4: to mothball it until the government stumps up the cash.

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Speaker 5: No, I think that's the case. We have to all

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Speaker 5: work in tandem to try to get the ren standard

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Speaker 5: of this cathedral. There are a few parties to it.

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Speaker 5: There's the government obviously, there's the christ Youse City Council,

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Speaker 5: there's the church, and there's also the philanthropic market around that.

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Speaker 5: You think about it, philanthropist here, somebody that's going to

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Speaker 5: donate a significant amount of money that's going to change

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Speaker 5: the dialogueus if you like. They just and simply say,

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Speaker 5: if we don't have a pathway to completion, why would

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Speaker 5: we give you the money. Now, We'll just give you

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Speaker 5: a pledge to say and it will activate when you

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Speaker 5: have a pathway to completion, because they're not going to

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Speaker 5: exchange their checkbook for a pile of rocks and moves.

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Speaker 6: No.

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Speaker 4: Fair enough, So let's be realistic about it. Who is

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Speaker 4: going to provide the money to finish this well?

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Speaker 5: I think it's it's really joint holding of hands to

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Speaker 5: make it happen. Together. The government has to play a part.

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Speaker 5: We have to explain it better.

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Speaker 7: You know.

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Speaker 5: Look, I think we acknowledge that the timing couldn't be

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Speaker 5: worse for a request like this. People are suffering out there.

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Speaker 5: It is the cost of living crisis. You know, there

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Speaker 5: is fiscal restraint and we have to be cognizant of

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Speaker 5: that and understand that timing too. We don't get to

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Speaker 5: dictate the timing, you know, it is what it is.

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Speaker 5: And so the timing that we can dictate is the

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Speaker 5: construction of the project, which is now basically on hold

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Speaker 5: until we can gather some support again to the cathedral, okay,

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Speaker 5: just because people don't want to fund it. It is

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Speaker 5: sitting in the middle of Cathedral Square. It is you know,

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Speaker 5: the square itself was a regeneration project for Christ Church,

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Speaker 5: was a Nanco project, but the cathedral itself was not.

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Speaker 5: And so suddenly it's left in the church's hands to

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Speaker 5: sort of fix this problem when it's actually a city

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Speaker 5: wide and a national problem.

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Speaker 4: What is the minimum that the government would have to

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Speaker 4: put in.

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Speaker 5: Well for us to keep going. We need thirty million

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Speaker 5: to strengthen the walls. I think last time I saik.

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Speaker 4: Is that what you're saying to me, though, but what

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Speaker 4: the minimum the government would have to put in a

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Speaker 4: thirty mil.

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Speaker 5: Well, we need thirty million. I don't care where it

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Speaker 5: comes from. I'm the reinstatement here, so I just need money.

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Speaker 5: At the end of the day. We need thirty million

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Speaker 5: dollars right now in order to strengthen those walls.

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Speaker 4: Worst case scenario, though, Mark, isn't it that you stop

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Speaker 4: all of the work, lose the team, and then one

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Speaker 4: day in the future get the money and have to

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Speaker 4: find all these people all over again.

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Speaker 5: That's the course we're on right today. Ehither that's what

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Speaker 5: we've announced today. We are temporarily, well not temporarily, we

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Speaker 5: are suspending the construction on this site. That is the

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Speaker 5: decision of our board yesterday. We don't have the money,

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Speaker 5: there's no site to it, there's no part for completion

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Speaker 5: on this basis, and therefore add brothers to demobilize the

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Speaker 5: site and make it as tidy as possible.

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Speaker 4: Mark, best of luck with that. I can see this

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Speaker 4: is going to be a complicated thing, and thanks for

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Speaker 4: having a chat to us. It's Mark Stewart, christ Church

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Speaker 4: Castle Cathedral Reinstatement Limited Project Chair Listen on Donald Trump.

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Speaker 4: By the way, the Democratic National Conventions underway, and Bidy

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Speaker 4: has been speaking for honestly longer than I thought he

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Speaker 4: could stay awake in one go, so it's actually quite impressive.

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Speaker 4: But on American politics, Trump is so desperate it would

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Speaker 4: appear for Taylor Swift's endorsement that he's basically just he's

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Speaker 4: just got one mate. I don't know who made it

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Speaker 4: for him. I don't know whether he just spotted it,

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Speaker 4: but he used a fake AI version of it on

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Speaker 4: social media. You know the World War One poster that

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Speaker 4: became famous with Uncle Sam pointing out of the post

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Speaker 4: and saying, I want you for the US Army. Trump's

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Speaker 4: got a mock up of that, with Tayte pointing out saying,

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Speaker 4: Taylor wants you to vote for Donald Trump. Taylor does

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Speaker 4: not want you to vote for Trump. We don't know

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Speaker 4: what Taylor wants because Taylor has not endorsed him. He, however,

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Speaker 4: has accepted sixteen past four.

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Speaker 2: Digging deeper into the day's headlines, it's Heather Duper c

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Speaker 2: Alan drive with one New Zealand one giant leap for business,

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Speaker 2: US Dogs be Sport with a new tab app downloaded

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Speaker 2: today Bed responsibly.

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Speaker 4: Darcy water Grave Sportstalok Coasters with MEA does hello? Are

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Speaker 4: we going to watch the America's Cup this year? Though?

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Speaker 3: What do you mean we? You inviting me to your house?

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Speaker 3: You and me and Barry?

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Speaker 4: I mean we collectively as a country. Are we going

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Speaker 4: to watch it?

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Speaker 8: I'm going to find out tonight when I ask the people,

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Speaker 8: because it's just turned up all of a sudden.

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Speaker 9: Here it is.

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Speaker 3: It's all preliminary, and it's.

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Speaker 8: The start that's slowly but sure to get there eventually,

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Speaker 8: but pretty much on Thursday night things get underway.

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Speaker 4: So I mean, like, where's the promo for it? I

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Speaker 4: didn't notice that.

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Speaker 8: Well, they've got the America's Cup currently is being well,

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Speaker 8: not yet, I think September the second they're alreadys on

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Speaker 8: yacht squadron. We're going to cart it all over the

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Speaker 8: Mothy for people to have a wee look at you

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Speaker 8: can't touch it, but are they going to have a

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Speaker 8: we look at it and go wow?

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Speaker 3: Seventeen caligrams?

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Speaker 8: So I don't think they want anyone packing it up

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Speaker 8: because we drop it all over again. So that's part

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Speaker 8: of the promotion. I wonder if it's too little, too late,

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Speaker 8: or it's just a last minute four or it's they're

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Speaker 8: on his zelling yacht squadron saying, well, we've got it.

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Speaker 3: Looks really cool. She saw it a couple of days now.

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Speaker 3: It was awesome. I'm kind of cool to look at it, kind.

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Speaker 8: Of pick it up, no, and take it around to

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Speaker 8: encourage people to look at because after all, there's kind

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Speaker 8: of the royal and zeel and.

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Speaker 3: Yacht squads and they're looking after it. But I kind

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Speaker 3: of think the horse might have bolted because it's over there.

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Speaker 3: It's on the other side of the world.

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Speaker 4: Watch for time zone.

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Speaker 3: I think it's going to be like two thirty in

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Speaker 3: the morning as so horrible.

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Speaker 8: Way, Well, we've all got you know, Beata Maxes or

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Speaker 8: vh SS or Sky or whatever it is to record it.

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Speaker 3: You can watch it the next day.

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Speaker 4: That's not but that tax all the fun out of it.

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Speaker 8: Just yeah, when it gets to the final maybe you

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Speaker 8: watch it. Like I'm really keen on the sailing itself,

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Speaker 8: and I'm really keen on the technology. It's one on

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Speaker 8: the water. I'm all over it. But I wonder about

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Speaker 8: the disconnect between teen Grant Dalton, Yeah, Airways and everybody else,

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Speaker 8: and whether any of the good wall's actually still there.

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Speaker 4: Whether it feels like ours? Right, yeah, I don't.

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Speaker 3: Know if it does.

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Speaker 8: And who was involved with the America's Cup way back

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Speaker 8: when Jim Farmer kse he joined us tonight after seven

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Speaker 8: talking about whether actually him and his circle people he

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Speaker 8: knows he's been heavily in.

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Speaker 3: Sailing racing.

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Speaker 4: Commentator though, is he? I mean he's had he tried

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Speaker 4: to basically take the thing off Grant.

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Speaker 8: Dunfey, I think, but rightly so, because they just basically

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Speaker 8: picked it up and flogged it and ran off.

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Speaker 3: And you hear that interview when was it?

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Speaker 8: Maybe it was the start of the year in the

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Speaker 8: last year when he was talking about how great Saudi

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Speaker 8: Arabia was and to be a fantastic place to host

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Speaker 8: the next America's Cup.

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Speaker 3: And I'm like, Mike Drop.

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Speaker 8: I'm sorry, did I just hear that you haven't even

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Speaker 8: defended it and already you've given it to Saudi. Right,

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Speaker 8: It's a great place over here, nothing wrong, it's fantastic.

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Speaker 3: They're really friendly. Of course they're friendly. They want to sport.

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Speaker 3: Was when your cup.

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Speaker 4: All money is friendly?

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Speaker 3: I just like, so it's never coming back right as

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Speaker 3: is it? Will you get the feeling that way.

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Speaker 4: If they defend it, ybe so.

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Speaker 8: Yeah, and then if we don't defend it, what's the

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Speaker 8: chance of us going back and do it again. I

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Speaker 8: wonder what the government of thinking now are going. Actually

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Speaker 8: it's probably good saving of.

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Speaker 4: One hundred million dollars exactly. We use the money for.

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Speaker 8: Something, and I think in this day, in this day

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Speaker 8: and age, no, it's really keen on flagrant abusive cash,

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Speaker 8: are they?

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Speaker 4: I would agree with you on that one does. It's

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Speaker 4: good to have you in the studio.

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Speaker 3: Thank you for thanks for having us.

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Speaker 4: That's Darcy water Grave. We'll be back at seven o'clock

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Speaker 4: with Jim Farmer.

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Speaker 8: Casey, that's the one you're case I called him QC

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Speaker 8: when I rang up and he goes, no, no, no, no, no, yeah,

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Speaker 8: the wrong right, that's right, of course.

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Speaker 3: The other one Queen is dead.

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Speaker 4: Long Live the King. Sports talk back at seven wave

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Speaker 4: me yep.

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Speaker 2: The name you trust to get the answers you need.

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Speaker 2: Heather due to see Allen drive with one New Zealand.

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

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Speaker 4: Well, Darlene ain't going anywhere? Is they are?

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Speaker 5: They?

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Speaker 4: They have decided they're not going to go anywhere. They've

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Speaker 4: released a letter that they've sent to the Green Party

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Speaker 4: leaders saying they're not resigning. The letters says, I have

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Speaker 4: done nothing which would require the Speaker to spell me

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Speaker 4: from the House, and I have mahy to do so

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Speaker 4: I will not be resigning. And then Darline goes on

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Speaker 4: to argue that and by the way, it's twenty five

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Speaker 4: past four. This is going to go on for a

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Speaker 4: long time, what I'm about to tell you. Then they

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Speaker 4: go on arguing the party shouldn't use the Waker jumping

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Speaker 4: legislation to kick them out right, and the party is

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Speaker 4: going to the Sagreen Party's going to have this meeting

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Speaker 4: on the first of September to decide whether to do it.

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Speaker 4: It is a long letter, a long, long letter that

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Speaker 4: Darlene has. Darlin had a lot of things to get

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Speaker 4: off their chest that they've released, arguing every single point

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Speaker 4: against the Greens, that they're not taking that much money

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Speaker 4: from the party, that they're not affecting proportionality. But the

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Speaker 4: strongest argument I think is the one that they've used

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Speaker 4: against Chloe. Chloe says that the old Greens opposed the

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Speaker 4: Waker jumping law because they didn't want to see MPs

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Speaker 4: kicked out of parliament if the MP's left on principle, right,

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Speaker 4: So like, if they left on principle, they shouldn't be

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Speaker 4: kicked out of parliament. But Darling's not a case of principle,

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Speaker 4: so totally fine to kick them out of parliament. But

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Speaker 4: Darlene has dug up an old quote from Ron Donald

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Speaker 4: saying actually, there's no difference between anybody who leaves for

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Speaker 4: prenciples or no principles. You just can't use the law

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Speaker 4: at all. So that will probably be I think the

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Speaker 4: strongest argument for the Greens when they decide on the

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Speaker 4: first of September what to do, whether they want to

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Speaker 4: stick with the you know, the principles of Rod Donald.

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Speaker 4: I don't know if they're in the mood to be

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Speaker 4: principled on this time, on this one, this time anyway,

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Speaker 4: Darlene is going to talk to us for the first

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Speaker 4: time after half past five, so stay tuned for that.

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Speaker 4: That that might be marginally interesting. I would imagine I

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Speaker 4: feel like I feel like I need to get myself

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Speaker 4: ready for it. On the banking here that you told

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Speaker 4: Mark to fundraise, oh sorry, this is on the cathedral

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Speaker 4: you told Mark to fundraise, no money from the taxpayers.

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Speaker 4: Church has plenty of money. The problem is okay, and

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Speaker 4: Mark has got a fair argument. This is on the cathedral.

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Speaker 4: Mark's got a fair argument that the government and the

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Speaker 4: public kind of forced the Anglicans to rebuild the cathedral.

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Speaker 4: They didn't actually want to rebuild the cathedral, so they

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Speaker 4: don't actually need to stump up any more money. But

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Speaker 4: the problem that I think Mark has got is that

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Speaker 4: Mark said, why does the government? He basically said, the

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Speaker 4: government has to play a part here, and this is

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Speaker 4: the rest of us do not agree, right, Well, like,

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Speaker 4: the government has played a part, It's put a lot

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Speaker 4: of money into it already. It does not need to

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Speaker 4: play more of a part. And so it seems Mike

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Speaker 4: has got quite a binary thinking here. It's like government

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Speaker 4: must play a part or mothball, and so they've gone

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Speaker 4: mothball until I feel like this is maybe leverage, trying

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Speaker 4: to force the government's hands so they get more money.

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Speaker 4: I don't think they're going to get more money anyway.

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Speaker 4: Talk to the huddle about that later. Headlines are next.

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Speaker 2: On your smart speaker, on the iHeart app, and in

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Speaker 2: your car on your drive home. Heather duple c Allen

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Speaker 2: Drive with One New Zealand let's get connected a news

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Speaker 2: talk because they'd be.

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Speaker 4: Hey, the government's announced some changes to the ET yesterday

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Speaker 4: because the ETS auctions have been something of a failure lately.

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Speaker 4: Right out of the last six, five of them have

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Speaker 4: failed and one of them have only partially cleared. So

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Speaker 4: the government's basically the solution is basically to do what

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Speaker 4: the Climate Change Commissioner wants, and that is to reduce

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Speaker 4: the number of units, and they're going to slash them

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Speaker 4: by more than half. Actually, it's forty five million units

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Speaker 4: available right now and they will reduce it to twenty

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Speaker 4: one million. We're gonna have a chat to Simon Watt's

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Speaker 4: about that after ten past five. He's the Climate Change Minister. Heather,

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Speaker 4: Why is Darlene Tanner referred to as them?

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Speaker 5: They?

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Speaker 4: Okay, well, I made a hash of it before. I

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Speaker 4: was trying to be chill about it, and then it

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Speaker 4: made it really obvious. I don't know if you remember,

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Speaker 4: but when Darlene spoke for the first time, she made

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Speaker 4: a joke about how she's never alone because she refers

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Speaker 4: to herself as they, and so she felt like she

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Speaker 4: had people around her all the time. And because of

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Speaker 4: that we were not actually sure. It became a debate

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Speaker 4: is her chosen pronouns they then? Or was she just

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Speaker 4: making a joke? But it seems to have settled it

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Speaker 4: today with the release of the letter Darlene signs off

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Speaker 4: Darlene Tanner dependent mp EA, which is Mary Forday. Yeah,

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Speaker 4: they then, So now we know, now we know, and

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Speaker 4: now we're going to be respectful of that, aren't we.

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Speaker 4: Twenty three away from five, it's.

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Speaker 1: The world wires on News Talks, Eddy Drive.

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Speaker 4: It's day one at the Democratic National Convention in the US.

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Speaker 4: The Republican convention was a big one. It featured kid Rock,

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Speaker 4: Hulk Hogan, and a cute dog, and that's quite a

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Speaker 4: hard act for the Dems to follow, so the Blue

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Speaker 4: team decided to roll out the big guns. Speakers have

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Speaker 4: included former Secretary of State Hillary Clinton.

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Speaker 10: There was twenty sixteen when it was the honor of

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Speaker 10: my life to accept our party's domination for president. And

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Speaker 10: nearly sixty six million Americans voted for a future where

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Speaker 10: there are no ceilings on our dreams.

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Speaker 4: And first Lady Jill Biden, Joe.

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Speaker 11: And I know Kamala. We have seen her courage, her

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Speaker 11: determination and her leadership of hell Kamala and Tim you

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Speaker 11: will win.

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Speaker 4: And we're going to hear some of Joe Biden's speech

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Speaker 4: later on. US Secretary of State Anthony blinkoln rickins that

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Speaker 4: the Israeli Prime Minister has agreed to a cease fire proposal.

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Speaker 4: He's now putting the pressure on Hamas to come to

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Speaker 4: the table and agree to it as well.

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Speaker 3: This time is running out to secure a deal.

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Speaker 7: It's the single best way not only to get the

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Speaker 7: hostages hot to ease the suffering of people in Gaza,

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Speaker 7: is also the best way to make sure that conflict

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Speaker 7: doesn't spread.

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Speaker 4: And finally, the Bronx neighborhood in New York City has

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Speaker 4: been invaded by coyotes. Now, coyotes have actually lived in

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Speaker 4: the Bronx since the nineties, but there have been an

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Speaker 4: unusually high number of sightings by concerned residents over the summer,

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Speaker 4: and the city's Parks and Recreation departments says, as long

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Speaker 4: as you stay away from them, they are going to

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Speaker 4: leave you alone.

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Speaker 2: International correspondence with Ends and Eye Insurance Peace of Mind

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Speaker 2: for New Zealand Business.

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Speaker 4: Sam Emory is our Aussie correspondent today. Hey Sam, what's

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Speaker 4: in your water in Sydney.

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Speaker 12: Well, no one really wants to know, I think after

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Speaker 12: that reports of today, it's not the kind of headline

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Speaker 12: that anyone ever really wants to wake up to, is it, Heather.

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Speaker 1: But Sydney Water.

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Speaker 12: Very quietly published this new data that shows these forever

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Speaker 12: chemicals are in our drinking water catchment areas. Forever chemicals,

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Speaker 12: it's sort of pfas P forward. It's been a few

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Speaker 12: different sort of names that it's been known as over

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Speaker 12: the last twenty or so years. It's cancer linked man

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Speaker 12: made substance and it was found in low levels at

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Speaker 12: three of the major filtration plants, but also found in

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Speaker 12: high levels at two other ones up around the Blue

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Speaker 12: Mountains area and Heather. This also comes off the back

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Speaker 12: of the fact that we just heard about dead platypuses

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Speaker 12: that have been found in our rivers by researchers from

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Speaker 12: Western Sydney UNI. These platypuses had high levels of the

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Speaker 12: chemicals in them as well. I'm not sure if you

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Speaker 12: remember ten, fifteen, twenty years ago, we've sort of first

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Speaker 12: heard of these chemicals that were contemined heating land around

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Speaker 12: government sites. You know, they were using firefighting foam containing

437
00:20:04,200 --> 00:20:07,360
Speaker 12: the chemicals that's led to billions of dollars in compensation,

438
00:20:07,560 --> 00:20:10,639
Speaker 12: contaminated land, all that kind of stuff. The federal government

439
00:20:11,200 --> 00:20:14,480
Speaker 12: basically came in on an electric election promise to put

440
00:20:14,520 --> 00:20:17,920
Speaker 12: a huge inquiry into this. They've just received the report

441
00:20:17,960 --> 00:20:20,959
Speaker 12: about a month ago, Heather, but they are showing no

442
00:20:21,080 --> 00:20:24,560
Speaker 12: signs of releasing the fightings or any information on it.

443
00:20:24,600 --> 00:20:29,119
Speaker 12: We've been trying to find out just what the recommendations

444
00:20:29,160 --> 00:20:32,639
Speaker 12: are from this inquiry, but for now, perhaps this news

445
00:20:32,640 --> 00:20:35,760
Speaker 12: from Sydney Water, the fact that we've actually found real

446
00:20:36,040 --> 00:20:38,840
Speaker 12: evidence of it in our drinking water in our catchment

447
00:20:38,920 --> 00:20:41,560
Speaker 12: areas no less, Maybe they'll give them a bit of

448
00:20:41,600 --> 00:20:43,719
Speaker 12: a bump and we might actually find out what's in

449
00:20:43,720 --> 00:20:44,240
Speaker 12: this report.

450
00:20:44,359 --> 00:20:47,479
Speaker 4: Yeah, fair enough. Hey, I see this gambling ad stuff

451
00:20:47,560 --> 00:20:49,800
Speaker 4: is becoming quite big. What are the casino guys saying

452
00:20:49,840 --> 00:20:50,240
Speaker 4: about it?

453
00:20:51,760 --> 00:20:57,040
Speaker 12: The casino guys are obviously saying that the gambling ads

454
00:20:57,280 --> 00:21:02,160
Speaker 12: should be not fully banned, but allowed to have some

455
00:21:02,200 --> 00:21:07,560
Speaker 12: sort of advertising around sports areas and not necessarily on

456
00:21:07,600 --> 00:21:10,600
Speaker 12: the TV, but outside the games and outside the events.

457
00:21:10,880 --> 00:21:14,320
Speaker 12: It's again another massive election campaign that Labor wrote in

458
00:21:14,359 --> 00:21:16,439
Speaker 12: on to try and get rid of gambling advertising for

459
00:21:16,520 --> 00:21:19,080
Speaker 12: good the same way that they have with the cigarettes.

460
00:21:19,960 --> 00:21:22,920
Speaker 12: The PM and the Opposition leader now being urged by

461
00:21:23,240 --> 00:21:27,800
Speaker 12: two independent MPs to allow a conscience vote, and then

462
00:21:27,960 --> 00:21:32,080
Speaker 12: also another gambling big wig has actually slapped the government

463
00:21:32,080 --> 00:21:34,400
Speaker 12: across the risk. He's come out saying, if you want

464
00:21:34,400 --> 00:21:37,080
Speaker 12: to protect the children, you go ahead with a total band.

465
00:21:37,119 --> 00:21:39,560
Speaker 12: If you want to protect the bookmakers profits, you go

466
00:21:39,600 --> 00:21:42,800
Speaker 12: ahead with a partial band. That's Stuart Kenny from the

467
00:21:43,200 --> 00:21:48,240
Speaker 12: sport online sporting giant paddy Power. Kenny's considered a pioneer

468
00:21:48,520 --> 00:21:50,440
Speaker 12: of the game and he's basically just said that the

469
00:21:50,560 --> 00:21:55,200
Speaker 12: arguments that this band might move people offshore to illegal providers,

470
00:21:55,480 --> 00:21:58,720
Speaker 12: he's called it a load of baloney and said that

471
00:21:58,760 --> 00:22:00,520
Speaker 12: he used the same argument when he was a game

472
00:22:00,680 --> 00:22:05,720
Speaker 12: gambling lobbyist, you know. So, however, the government has basically

473
00:22:05,800 --> 00:22:08,800
Speaker 12: said that they will limit the ads, but they're not.

474
00:22:09,640 --> 00:22:11,160
Speaker 12: I haven't sort of had the guts to come out

475
00:22:11,160 --> 00:22:13,080
Speaker 12: and say total ban just yet.

476
00:22:14,359 --> 00:22:15,440
Speaker 4: I think this is going to roll on for a

477
00:22:15,480 --> 00:22:18,520
Speaker 4: little while. Actually, hey, the parliamentary staff, so how much

478
00:22:18,520 --> 00:22:19,520
Speaker 4: are they getting paid now?

479
00:22:20,520 --> 00:22:23,280
Speaker 12: Well, this is yet another thing where you wonder just

480
00:22:23,600 --> 00:22:25,720
Speaker 12: how well the government's going to come off after this

481
00:22:26,080 --> 00:22:30,119
Speaker 12: it's an eleven point two percent rise over four years,

482
00:22:30,800 --> 00:22:33,760
Speaker 12: sorry over the next three years. But this includes a

483
00:22:33,800 --> 00:22:38,400
Speaker 12: new forty thousand dollars allowance for staff who travel with politicians,

484
00:22:38,440 --> 00:22:41,400
Speaker 12: fifteen hundred dollars allowance for staff who speak multiple languages,

485
00:22:41,920 --> 00:22:45,520
Speaker 12: three days of cultural and religious leave, and the big one,

486
00:22:45,680 --> 00:22:49,440
Speaker 12: eighteen weeks parental leave for both sides. The ABC also

487
00:22:49,560 --> 00:22:51,919
Speaker 12: understands a one off payment of around one thousand dollars

488
00:22:52,720 --> 00:22:56,159
Speaker 12: and the pay deal is not surprisingly had a widely

489
00:22:56,200 --> 00:22:58,480
Speaker 12: expected to be approved after it was put to a

490
00:22:58,560 --> 00:23:02,760
Speaker 12: vote yesterday. So it's an interesting one for the government

491
00:23:02,760 --> 00:23:04,639
Speaker 12: to be coming out in this time of cost of

492
00:23:04,680 --> 00:23:06,880
Speaker 12: living crisis and when everyone's really trying to find where

493
00:23:06,880 --> 00:23:09,560
Speaker 12: their next dollar is going to come from. But you know,

494
00:23:09,760 --> 00:23:14,200
Speaker 12: I mean, everyone deserves a pay rise. Is it actually

495
00:23:14,200 --> 00:23:16,400
Speaker 12: fair that it's going to come this big? And I

496
00:23:16,440 --> 00:23:20,240
Speaker 12: can't really understand how people who just travel with politicians

497
00:23:20,240 --> 00:23:23,399
Speaker 12: are also included in this increase of money. I wouldn't

498
00:23:23,400 --> 00:23:24,879
Speaker 12: mind a bit of money coming my way for a

499
00:23:24,880 --> 00:23:26,480
Speaker 12: few extra hands to following me around.

500
00:23:26,760 --> 00:23:29,359
Speaker 4: Oh that's how everybody feels. Sam, Thank you so much.

501
00:23:29,400 --> 00:23:34,600
Speaker 4: I appreciate it. Sam Emory, Australia correspondent hither just letting

502
00:23:34,600 --> 00:23:37,960
Speaker 4: you know that coyotes is actually pronounced coyotes, thank you.

503
00:23:38,000 --> 00:23:38,600
Speaker 1: Do you know what?

504
00:23:38,760 --> 00:23:41,240
Speaker 4: I knew that I was mispronouncing it. I did, but

505
00:23:41,320 --> 00:23:43,440
Speaker 4: I could not think how to pronounce it. And don't

506
00:23:43,440 --> 00:23:45,000
Speaker 4: you have that sometimes, like you look at the page

507
00:23:45,040 --> 00:23:49,240
Speaker 4: and you're like hyper bowl today, it's hyperbowl. You just

508
00:23:49,800 --> 00:23:51,399
Speaker 4: that's what it looks like, and that's how it's going

509
00:23:51,440 --> 00:23:55,199
Speaker 4: to come out, or you know Nietzsche, like I am

510
00:23:55,200 --> 00:23:57,399
Speaker 4: in my absolute niche right now, and that is how

511
00:23:57,760 --> 00:24:01,000
Speaker 4: that just happens to the brain sometimes. So anyway, I'm

512
00:24:01,000 --> 00:24:02,200
Speaker 4: just going to own that one, and I'm going to

513
00:24:02,200 --> 00:24:03,760
Speaker 4: try and make it sound better than it is. Here,

514
00:24:03,800 --> 00:24:06,000
Speaker 4: the government support for the Christ Which Cathedral seems like

515
00:24:06,000 --> 00:24:07,840
Speaker 4: a worthy project compared to the hundreds of millions of

516
00:24:07,840 --> 00:24:10,200
Speaker 4: dollars spent on consultants for the Auckland bike bridge. Blah

517
00:24:10,200 --> 00:24:14,040
Speaker 4: blah blah. Fairpoint. However, I counter with this. At the moment,

518
00:24:14,480 --> 00:24:16,960
Speaker 4: we do not have twelve million dollars to give to

519
00:24:16,960 --> 00:24:19,639
Speaker 4: Saint John's to pay their AMBO workers enough they are

520
00:24:19,640 --> 00:24:23,000
Speaker 4: on strike. If you cannot find twelve million dollars for

521
00:24:23,080 --> 00:24:26,080
Speaker 4: the AMBO workers, how on earth can you justify thirty

522
00:24:26,080 --> 00:24:28,479
Speaker 4: million dollars for a building that actually other people can

523
00:24:28,520 --> 00:24:30,159
Speaker 4: pay for it. I don't think it's going to go anywhere.

524
00:24:30,240 --> 00:24:33,600
Speaker 4: By the way, how cool is this Mount Smart is

525
00:24:33,640 --> 00:24:36,560
Speaker 4: going to be named the Shan Johnson Stadium this week

526
00:24:36,600 --> 00:24:38,760
Speaker 4: because it's going to be his last game there this week.

527
00:24:38,880 --> 00:24:40,760
Speaker 4: That is cool politics Verry so Oper.

528
00:24:40,840 --> 00:24:44,719
Speaker 2: Next politics was Centrics Credit, check your customers and get payments.

529
00:24:44,760 --> 00:24:47,800
Speaker 4: Certainty Barry Soper, Senior political correspondence with US Barry, Hello,

530
00:24:48,040 --> 00:24:50,680
Speaker 4: good afternoon, Heather so Biden. Apparently, by all accounts, I

531
00:24:50,720 --> 00:24:52,240
Speaker 4: quitted himself quite well on that speech.

532
00:24:52,320 --> 00:24:54,920
Speaker 13: Well, it was as though he's almost had a makeover.

533
00:24:55,200 --> 00:24:56,840
Speaker 3: He looked great.

534
00:24:57,359 --> 00:25:00,360
Speaker 4: He performed well even after his bedtime.

535
00:25:00,520 --> 00:25:03,480
Speaker 13: Well after a time he finished not too long ago,

536
00:25:03,520 --> 00:25:05,840
Speaker 13: and it's after it's called it to midnight there now,

537
00:25:06,000 --> 00:25:09,040
Speaker 13: So he is well, And truly he isn't he well?

538
00:25:09,080 --> 00:25:11,199
Speaker 13: That put to bed all his critics, of course, that

539
00:25:11,320 --> 00:25:14,200
Speaker 13: said that he can't perform after nine o'clock at.

540
00:25:14,200 --> 00:25:16,920
Speaker 4: Must eject himself up though he must.

541
00:25:16,800 --> 00:25:20,840
Speaker 13: Have been sleeping all day, because look, he looked really good.

542
00:25:21,080 --> 00:25:23,400
Speaker 13: That was the thing that I thought for a man

543
00:25:23,480 --> 00:25:26,840
Speaker 13: of his age, he was looking fantastic. But look, he

544
00:25:26,960 --> 00:25:30,960
Speaker 13: wasted few words on Donald Trump, castigating him for the

545
00:25:31,000 --> 00:25:34,600
Speaker 13: campaign he's running and the damages it's doing to America.

546
00:25:34,640 --> 00:25:38,920
Speaker 14: Have a listen, Donald Trump calls America a fairly nation.

547
00:25:40,040 --> 00:25:40,720
Speaker 15: I'm so fit.

548
00:25:41,359 --> 00:25:42,320
Speaker 3: But think about this.

549
00:25:43,240 --> 00:25:46,480
Speaker 14: Think about this, he publicly says to the whole world.

550
00:25:46,760 --> 00:25:49,359
Speaker 14: I'm gonna say something outragius. I know more foreign leaders

551
00:25:49,400 --> 00:25:51,760
Speaker 14: by their first names and know them well than anybody live,

552
00:25:52,880 --> 00:25:57,520
Speaker 14: just because I'm so damn all. And I'm not joking.

553
00:25:57,800 --> 00:26:00,600
Speaker 14: Think of the message he says around the world when

554
00:26:00,600 --> 00:26:02,520
Speaker 14: he talks about America being a fairly nation.

555
00:26:02,800 --> 00:26:03,920
Speaker 15: He says We're losing.

556
00:26:04,480 --> 00:26:06,200
Speaker 1: He's the loser, he's dead.

557
00:26:06,080 --> 00:26:13,240
Speaker 14: Wrong, and crime will keep coming down when we put

558
00:26:13,280 --> 00:26:16,479
Speaker 14: a prosecutor in the Oval office instead of a convicted felon.

559
00:26:16,560 --> 00:26:18,919
Speaker 14: I ever thought I'd stand before a crowd of Democrats

560
00:26:18,920 --> 00:26:21,399
Speaker 14: who refer to a president as a liar.

561
00:26:21,200 --> 00:26:23,600
Speaker 15: So many times now. I'm not trying to be funny.

562
00:26:23,720 --> 00:26:24,280
Speaker 3: It's sad.

563
00:26:24,520 --> 00:26:26,080
Speaker 14: Who in the hell does he think he is?

564
00:26:26,920 --> 00:26:28,359
Speaker 15: Who does he think he is?

565
00:26:30,800 --> 00:26:32,280
Speaker 4: He was fun up?

566
00:26:32,400 --> 00:26:35,879
Speaker 13: I mean, the audience will just love and they you know,

567
00:26:35,880 --> 00:26:38,200
Speaker 13: they're all carrying plaque has that we love Joe.

568
00:26:38,680 --> 00:26:41,080
Speaker 3: But yes, I know you're going to be asking this here.

569
00:26:41,920 --> 00:26:44,760
Speaker 13: Was there a stumbled well, there was one, which was

570
00:26:45,160 --> 00:26:47,640
Speaker 13: of course become characteristic for this man.

571
00:26:47,720 --> 00:26:51,359
Speaker 14: Who is his decision over turning Rove Wade. As you

572
00:26:51,440 --> 00:26:55,320
Speaker 14: heard earlier tonight, the United States Supreme Court majority wrote

573
00:26:55,359 --> 00:27:00,680
Speaker 14: the following quote, women are now without electrical We're not

574
00:27:00,800 --> 00:27:05,639
Speaker 14: allowed not without electoral, electoral or political power.

575
00:27:07,640 --> 00:27:08,080
Speaker 4: And the pro.

576
00:27:11,160 --> 00:27:15,119
Speaker 13: He was literally all although he was all night, but

577
00:27:15,240 --> 00:27:17,639
Speaker 13: he was quoting somebody, so he had to try it

578
00:27:17,760 --> 00:27:19,760
Speaker 13: so hard to get the quote right.

579
00:27:19,840 --> 00:27:22,520
Speaker 4: And I'm really pleased you gave me that. Thank you

580
00:27:22,560 --> 00:27:25,119
Speaker 4: for that. Shed me up and measure back to New

581
00:27:25,200 --> 00:27:27,200
Speaker 4: Zealand politics. So Hapkins was trying to get one over

582
00:27:27,240 --> 00:27:28,600
Speaker 4: the Prime Minister's in a backfired.

583
00:27:29,200 --> 00:27:32,399
Speaker 13: It sounds so low key after all that we've heard

584
00:27:32,440 --> 00:27:35,639
Speaker 13: from the United States, but yeah, he put it himself

585
00:27:35,680 --> 00:27:38,280
Speaker 13: against Chris Luckson, as he always does at question time,

586
00:27:38,680 --> 00:27:42,080
Speaker 13: and this is after a recess of course. On this

587
00:27:42,240 --> 00:27:46,840
Speaker 13: he attacked the government on infrastructure, saying that since it

588
00:27:46,880 --> 00:27:51,199
Speaker 13: came to power, the construction industry says everything has been stopped.

589
00:27:51,240 --> 00:27:52,639
Speaker 13: Luxeon wasn't having a bar of it.

590
00:27:52,680 --> 00:27:56,760
Speaker 16: Though having projects with names doesn't mean they're actually projects.

591
00:27:57,160 --> 00:28:00,560
Speaker 16: So spending six years on Auckland light rail, spending two

592
00:28:00,680 --> 00:28:03,560
Speaker 16: hundred and fifty to three hundred million dollars doesn't make

593
00:28:03,600 --> 00:28:06,439
Speaker 16: it happen. It's just a post it notes slogan, bumper sticker,

594
00:28:06,520 --> 00:28:09,360
Speaker 16: that's what that is. The same thing happened on Lake Onslough,

595
00:28:09,680 --> 00:28:12,680
Speaker 16: just another bumper sticker. So there's a difference between real

596
00:28:12,720 --> 00:28:16,600
Speaker 16: projects that improve productivity and phantom projects that just actually

597
00:28:16,680 --> 00:28:17,400
Speaker 16: are post it.

598
00:28:17,320 --> 00:28:18,160
Speaker 3: Notes and ours.

599
00:28:18,200 --> 00:28:20,520
Speaker 16: The Prime Minister has got any plans to sign fifty

600
00:28:20,560 --> 00:28:23,280
Speaker 16: four million for sake away over the UK and Harvard Bridge,

601
00:28:23,280 --> 00:28:24,960
Speaker 16: and when it's all over, nothing has done with it.

602
00:28:25,520 --> 00:28:27,840
Speaker 16: There was a lot of phantom projects from the previous government.

603
00:28:27,880 --> 00:28:29,199
Speaker 16: We can go through them if you'd like.

604
00:28:31,080 --> 00:28:34,080
Speaker 4: Sol Winston was happening about helping out there, and the

605
00:28:34,080 --> 00:28:35,560
Speaker 4: same thing happened to the Greens.

606
00:28:35,320 --> 00:28:38,280
Speaker 13: Yes it did. It was being questioned about the traffic

607
00:28:38,360 --> 00:28:43,880
Speaker 13: light system for beneficiaries and the Greens Riccardo Mendez March

608
00:28:44,400 --> 00:28:47,640
Speaker 13: was citing research saying the new system would do little

609
00:28:47,640 --> 00:28:54,920
Speaker 13: to change behavior and would compound social and disconnectedness basically

610
00:28:54,960 --> 00:29:00,720
Speaker 13: among beneficiaries. The Social Development Minister Louise Upston, she relished

611
00:29:00,720 --> 00:29:01,840
Speaker 13: the question I.

612
00:29:01,800 --> 00:29:04,200
Speaker 17: Did agree with the comments made on news talks he'd

613
00:29:04,240 --> 00:29:07,320
Speaker 17: be in Wellington on the August August the fifteenth, that

614
00:29:07,400 --> 00:29:10,920
Speaker 17: were quote, when it comes to sanctions, I'll tell you what,

615
00:29:11,440 --> 00:29:15,560
Speaker 17: Especially for the younger ones, particularly under twenties, and for

616
00:29:15,640 --> 00:29:19,960
Speaker 17: the teenagers hitting the workforce, I think those sanctions straight

617
00:29:20,000 --> 00:29:22,640
Speaker 17: out of school are a good idea. I would like

618
00:29:22,680 --> 00:29:25,800
Speaker 17: to thank Labour MP Greg O'Connor for his endorsement.

619
00:29:28,720 --> 00:29:30,120
Speaker 4: How good it was.

620
00:29:30,120 --> 00:29:31,800
Speaker 3: It was a little back party.

621
00:29:31,880 --> 00:29:33,960
Speaker 4: Is he today looks like it? Hey, Barry, thank you

622
00:29:34,040 --> 00:29:36,920
Speaker 4: very much. Appreciate it. Barry Soper, seeing your political correspondence

623
00:29:36,920 --> 00:29:38,160
Speaker 4: coming up eight away from five.

624
00:29:39,120 --> 00:29:42,920
Speaker 2: Digging into the issues that affect you. The mic Hosking Breakfast,

625
00:29:43,080 --> 00:29:43,480
Speaker 2: do they.

626
00:29:43,440 --> 00:29:46,040
Speaker 18: Go into the party, go in with real momentum.

627
00:29:45,680 --> 00:29:48,680
Speaker 9: This week, get it a feeling like I obviously felt

628
00:29:48,680 --> 00:29:51,280
Speaker 9: into two thousand eight of Bradoba I Singapore.

629
00:29:51,640 --> 00:29:56,000
Speaker 18: Interestingly enough, they're now offering an unemployment support scheme which

630
00:29:56,000 --> 00:29:58,960
Speaker 18: they haven't ever done before. The ComCom report is just

631
00:29:59,040 --> 00:30:01,560
Speaker 18: part of the equation. Really important part is once the

632
00:30:01,560 --> 00:30:03,280
Speaker 18: government gets it, what.

633
00:30:03,160 --> 00:30:04,760
Speaker 4: Are they going to do about it?

634
00:30:05,200 --> 00:30:07,920
Speaker 18: Back tomorrow at six am the mic Hosking Breakfast with

635
00:30:07,960 --> 00:30:10,000
Speaker 18: the Rain driver of the lam News talk z B.

636
00:30:10,280 --> 00:30:13,240
Speaker 4: Hey, are we into this? Apparently we're gonna get our

637
00:30:13,360 --> 00:30:17,440
Speaker 4: first low alcohol five percent wine. Now five percent is

638
00:30:17,520 --> 00:30:21,040
Speaker 4: quite low because wine is normally what is wine normally

639
00:30:21,040 --> 00:30:23,160
Speaker 4: about thirteen percent or something like that as high. Yeah,

640
00:30:23,160 --> 00:30:24,600
Speaker 4: and it's just gave me sort of a wave of

641
00:30:24,640 --> 00:30:25,560
Speaker 4: two hands, like.

642
00:30:25,800 --> 00:30:27,520
Speaker 19: I was doing like ten, but then you were thirteen.

643
00:30:27,520 --> 00:30:28,320
Speaker 19: You're already up at me.

644
00:30:28,400 --> 00:30:31,160
Speaker 4: So I was like, oh, yes, plus plus plus it's bozy.

645
00:30:31,600 --> 00:30:34,080
Speaker 4: I mean, you know it's boozy because sometimes sometimes you go,

646
00:30:34,320 --> 00:30:37,080
Speaker 4: I'd like a little like a little red. You have

647
00:30:37,120 --> 00:30:40,000
Speaker 4: a little red. Oh that felt nice. I like another red,

648
00:30:40,000 --> 00:30:42,000
Speaker 4: and then you basically anyone's aren't yet because you've had

649
00:30:42,000 --> 00:30:44,320
Speaker 4: two and now you boost you're just a hot mess

650
00:30:44,400 --> 00:30:47,000
Speaker 4: after a couple of wines. So a five percent wine,

651
00:30:47,040 --> 00:30:51,480
Speaker 4: I feel like, is not a bad idea. However, if

652
00:30:51,520 --> 00:30:54,760
Speaker 4: you've tried I have tried the low alcohol beers and

653
00:30:54,760 --> 00:30:57,360
Speaker 4: they are getting better, the zero alcohol beers. Because obviously,

654
00:30:57,400 --> 00:30:59,160
Speaker 4: when you're a pregnant lady and stuff like, having been

655
00:30:59,200 --> 00:31:00,600
Speaker 4: through all of that stuff before you have to go

656
00:31:00,920 --> 00:31:03,760
Speaker 4: try drinking, you want to you want to pretend. You

657
00:31:03,840 --> 00:31:06,120
Speaker 4: just want to pretend, don't you, so you go get

658
00:31:06,120 --> 00:31:08,720
Speaker 4: yourself a zero beer and they suck, They really suck.

659
00:31:08,760 --> 00:31:10,800
Speaker 4: They've got better. Like I say, he makes an okay one,

660
00:31:10,800 --> 00:31:12,240
Speaker 4: and there are a couple out there that aren't bad,

661
00:31:12,520 --> 00:31:15,040
Speaker 4: but you really taste something about what the alcohol does

662
00:31:15,080 --> 00:31:16,760
Speaker 4: that makes it taste so delicious. And I just wonder

663
00:31:16,760 --> 00:31:18,240
Speaker 4: if the same is true of wine. If you're gonna

664
00:31:18,240 --> 00:31:21,400
Speaker 4: sit there going this is really terrible. Anyway, Selax is

665
00:31:21,400 --> 00:31:23,720
Speaker 4: gonna talk to us about it in about twenty minutes.

666
00:31:23,720 --> 00:31:26,280
Speaker 4: They'll be with us quarter past five. Need to draw

667
00:31:26,320 --> 00:31:29,200
Speaker 4: your attention to what's going on with David Seymour and

668
00:31:29,320 --> 00:31:32,080
Speaker 4: the Prime Minister and Winston Peters. Now, yesterday we mentioned

669
00:31:32,120 --> 00:31:34,600
Speaker 4: it in the show. Winston Peters, sorry not Winsy. Peter

670
00:31:34,680 --> 00:31:38,680
Speaker 4: Shane Jones the sidekick and Chris Luxen both were at

671
00:31:38,720 --> 00:31:41,080
Speaker 4: two unga y Y and just shot down the old

672
00:31:41,080 --> 00:31:43,000
Speaker 4: treaty principal's bill and said they're gonna kill it and

673
00:31:43,080 --> 00:31:44,760
Speaker 4: it's not gonna go anywhere, and we'll talk about that

674
00:31:44,840 --> 00:31:47,040
Speaker 4: later on. David Seymour has hit the social media on

675
00:31:47,360 --> 00:31:51,320
Speaker 4: account of this, and he's basically said he's screen grabbed

676
00:31:51,320 --> 00:31:53,280
Speaker 4: some of that stuff, and then he said that they

677
00:31:53,320 --> 00:31:56,520
Speaker 4: should wait what the and see what the public think

678
00:31:56,520 --> 00:31:58,560
Speaker 4: about it before they decide whether they're going to support

679
00:31:58,560 --> 00:32:01,520
Speaker 4: it or not. That would be the respectful and democratic

680
00:32:01,560 --> 00:32:04,280
Speaker 4: thing to do, and that is a shot being fired

681
00:32:04,320 --> 00:32:08,120
Speaker 4: at them, because from what I understand, there was a

682
00:32:08,120 --> 00:32:11,520
Speaker 4: little bit of upset that that happened when it became apparent.

683
00:32:11,560 --> 00:32:13,840
Speaker 4: And if you recall back, you will actually remember it

684
00:32:13,880 --> 00:32:16,080
Speaker 4: was on our show for the first time, was on

685
00:32:16,120 --> 00:32:17,880
Speaker 4: this show that Chris Luxon said he was going to

686
00:32:17,960 --> 00:32:21,000
Speaker 4: kill it, and at the time I understood that what

687
00:32:21,080 --> 00:32:22,880
Speaker 4: was going on in the act Party was an extreme

688
00:32:22,920 --> 00:32:25,440
Speaker 4: amount of disappointment in the Prime Minister because that was

689
00:32:25,480 --> 00:32:27,120
Speaker 4: the first that they had heard of it. The first

690
00:32:27,200 --> 00:32:28,800
Speaker 4: that they had heard that he was going to kill

691
00:32:28,840 --> 00:32:30,640
Speaker 4: the Treaty Principal's Bill was when he said it on

692
00:32:30,680 --> 00:32:32,640
Speaker 4: this show. Up to that point, they thought they actually

693
00:32:32,640 --> 00:32:35,080
Speaker 4: had a chance with a thing. So yeah, I think

694
00:32:35,120 --> 00:32:37,440
Speaker 4: that they feel slightly disrespected. Anyway, we'll talk about that

695
00:32:37,520 --> 00:32:40,080
Speaker 4: later on Nikola Willis is with us straight after the news.

696
00:32:40,080 --> 00:32:41,959
Speaker 4: We're going to talk about what she's going to do

697
00:32:42,320 --> 00:32:43,880
Speaker 4: to break up the banks. She's had a big crack

698
00:32:43,920 --> 00:32:45,720
Speaker 4: at them today. Is it actually going to work? And

699
00:32:45,760 --> 00:32:48,440
Speaker 4: then Simon Watts on the changes to the ets and

700
00:32:48,480 --> 00:32:49,680
Speaker 4: how much it's going to cost me and you and

701
00:32:49,680 --> 00:32:51,280
Speaker 4: our petrol News talks'd be.

702
00:33:22,000 --> 00:33:25,200
Speaker 2: The only drive show you can trust to ask the questions,

703
00:33:25,280 --> 00:33:28,760
Speaker 2: get the answers by the facts and give the analysis.

704
00:33:29,120 --> 00:33:32,200
Speaker 1: Hither due to the alum drive with One New Zealand,

705
00:33:32,360 --> 00:33:34,440
Speaker 1: let's get connected and news talk as.

706
00:33:34,280 --> 00:33:38,440
Speaker 4: They'd be good afternoon. The Finance Minister has declared war

707
00:33:38,560 --> 00:33:41,120
Speaker 4: on what she calls the cozy pillow fights between the

708
00:33:41,120 --> 00:33:44,400
Speaker 4: big four banks. The Commus Commission released its banking study today.

709
00:33:44,640 --> 00:33:49,200
Speaker 4: It made fourteen recommendations to beef up competition, including capitalizing Kiwibank,

710
00:33:49,640 --> 00:33:52,800
Speaker 4: introducing open banking, cracking down on mortgage advisors, and the

711
00:33:52,800 --> 00:33:55,520
Speaker 4: Finance Minister, Nicola Willis is with us. Now, hey, Nikola,

712
00:33:56,480 --> 00:33:58,680
Speaker 4: good afternoon here that on Kiwibank, how are you going

713
00:33:58,720 --> 00:34:00,360
Speaker 4: to capitalize it? Are you going to do a martial

714
00:34:00,440 --> 00:34:01,760
Speaker 4: float so anyone can buy in?

715
00:34:03,200 --> 00:34:06,200
Speaker 20: What I've done is I've asked Treasury to work with

716
00:34:06,320 --> 00:34:09,680
Speaker 20: Kiwi Group Capital that's the current company of Kiwibank, and

717
00:34:09,719 --> 00:34:11,960
Speaker 20: to give me advice before the end of the year

718
00:34:12,000 --> 00:34:15,280
Speaker 20: on options for raising new capital, so that could include

719
00:34:15,320 --> 00:34:19,239
Speaker 20: key we save funds, investment funds, investments from everyday New Zealanders.

720
00:34:19,560 --> 00:34:22,200
Speaker 20: They'll come up with options, Cabinet will consider those options

721
00:34:22,200 --> 00:34:23,080
Speaker 20: and we'll progress from that.

722
00:34:23,360 --> 00:34:25,640
Speaker 4: Are you committed to one hundred percent key We ownership?

723
00:34:26,680 --> 00:34:29,320
Speaker 20: I think kee We Bank needs to remain New Zealand's

724
00:34:29,400 --> 00:34:32,799
Speaker 20: bank and exactly how that defined as one of the

725
00:34:32,880 --> 00:34:36,080
Speaker 20: questions that need to be discussed during this process.

726
00:34:36,080 --> 00:34:38,600
Speaker 4: Why would mum and dad investors put money into key

727
00:34:38,640 --> 00:34:40,440
Speaker 4: We Bank if they can't sell it to just anyone

728
00:34:40,440 --> 00:34:41,560
Speaker 4: when they're ready to sell it.

729
00:34:43,120 --> 00:34:45,320
Speaker 20: Well, what I know is that a lot of the

730
00:34:45,400 --> 00:34:47,640
Speaker 20: key We saver funds out there are looking for New

731
00:34:47,719 --> 00:34:50,720
Speaker 20: Zealand based investments, and you're right, they'll want to invest

732
00:34:50,719 --> 00:34:52,960
Speaker 20: in it if it's profitable, if they think that it's

733
00:34:53,000 --> 00:34:55,920
Speaker 20: got the opportunity for growth and to deliver a return

734
00:34:56,000 --> 00:35:00,200
Speaker 20: to their investors. So one of the steps that the

735
00:35:00,239 --> 00:35:02,080
Speaker 20: Treasury will need to go through over the next couple

736
00:35:02,080 --> 00:35:04,840
Speaker 20: of months is to talk with those potential investors about

737
00:35:04,840 --> 00:35:07,799
Speaker 20: the terms on which they would want to invest. And

738
00:35:07,880 --> 00:35:10,399
Speaker 20: you're write, some of them may say, look, in order

739
00:35:10,440 --> 00:35:13,600
Speaker 20: to invest, I want the opportunity down the track of

740
00:35:13,840 --> 00:35:16,799
Speaker 20: being a listing occur. So those are all things that

741
00:35:16,800 --> 00:35:18,960
Speaker 20: will need to be taken into consideration and that I

742
00:35:19,160 --> 00:35:20,279
Speaker 20: cannot will deliberate on.

743
00:35:20,520 --> 00:35:23,480
Speaker 4: Okay, on open banking. Does this actually work? It's been

744
00:35:23,600 --> 00:35:25,879
Speaker 4: hight but the Aussies reckon it just cost them one

745
00:35:25,880 --> 00:35:29,719
Speaker 4: point five billion dollars and didn't really do anything for consumers.

746
00:35:30,120 --> 00:35:34,279
Speaker 20: Well, I'm much more optimistic about open banking because what

747
00:35:34,320 --> 00:35:37,920
Speaker 20: it means is basically, you can have a financial service

748
00:35:38,000 --> 00:35:41,400
Speaker 20: provider who provides you one part of the banking offering.

749
00:35:41,560 --> 00:35:43,759
Speaker 20: So it just might be your current account, it might

750
00:35:43,800 --> 00:35:47,120
Speaker 20: be your foreign exchange, it might be your loan, and

751
00:35:47,160 --> 00:35:49,440
Speaker 20: that they can use your data in order to do that.

752
00:35:49,920 --> 00:35:51,920
Speaker 20: And the reason I feel optimistic about it is I

753
00:35:51,920 --> 00:35:54,880
Speaker 20: want New Zealanders to shop around a bit more because

754
00:35:54,880 --> 00:35:58,319
Speaker 20: one of the big conclusions of this report is that

755
00:35:58,360 --> 00:36:01,280
Speaker 20: most of New Zealanders just don't watch bank, which allows

756
00:36:01,520 --> 00:36:04,360
Speaker 20: the banks to lean back and be pretty content that

757
00:36:04,400 --> 00:36:07,520
Speaker 20: once they've nabbed a customer, they're a customer for life. Well,

758
00:36:07,560 --> 00:36:10,120
Speaker 20: I like the idea of little minnows coming in and saying, hey,

759
00:36:10,200 --> 00:36:13,080
Speaker 20: I can do that for you cheaper, faster, better, And

760
00:36:13,120 --> 00:36:16,480
Speaker 20: that's what open banking allows for. And we've actually got

761
00:36:16,520 --> 00:36:19,040
Speaker 20: to make sure that the banks give that data away

762
00:36:19,120 --> 00:36:21,560
Speaker 20: so the innovators can come in and think up some

763
00:36:21,600 --> 00:36:22,960
Speaker 20: imaginative ways of doing things.

764
00:36:23,080 --> 00:36:24,799
Speaker 4: What's the problem with the mortgage advisors?

765
00:36:26,480 --> 00:36:28,560
Speaker 20: I look the comments Commission, I have looked at this

766
00:36:28,640 --> 00:36:32,480
Speaker 20: in some detail. They basically say a lot of mortgage

767
00:36:32,480 --> 00:36:37,080
Speaker 20: advisors have agreements with the banks about how much business

768
00:36:37,080 --> 00:36:41,000
Speaker 20: style flows through that Sometimes you might not know it,

769
00:36:41,080 --> 00:36:43,359
Speaker 20: but your mortgage advisor doesn't even have a deal with

770
00:36:43,400 --> 00:36:46,040
Speaker 20: one of the banks, so you're only seeing offers from

771
00:36:46,040 --> 00:36:48,920
Speaker 20: two or three banks, not all of them. So I

772
00:36:48,920 --> 00:36:52,120
Speaker 20: think this is an area that the Cinential Markets Authority

773
00:36:52,200 --> 00:36:54,440
Speaker 20: looks over and we want to get balanced right. You

774
00:36:54,440 --> 00:36:56,880
Speaker 20: don't want to tie up the mortgage advisors and so

775
00:36:57,080 --> 00:36:59,960
Speaker 20: much red tape that they can't do their jobs. But equally,

776
00:37:00,320 --> 00:37:02,759
Speaker 20: if you're going to a mortgage advisor, you want to

777
00:37:02,840 --> 00:37:05,040
Speaker 20: know that they are giving you the most tuned up

778
00:37:05,120 --> 00:37:08,920
Speaker 20: deal possible. And again this is where open depkin comes in,

779
00:37:09,080 --> 00:37:12,040
Speaker 20: because if they can access the dark workair and only

780
00:37:12,080 --> 00:37:15,160
Speaker 20: put in one application and everyone's looking on the same page,

781
00:37:15,480 --> 00:37:17,400
Speaker 20: makes it simpler to compare off.

782
00:37:17,200 --> 00:37:19,160
Speaker 4: Of listen, would you put your money where your mouth?

783
00:37:19,360 --> 00:37:22,279
Speaker 4: And when the Westpac Banking contract that you've got, the

784
00:37:22,280 --> 00:37:24,319
Speaker 4: government has got comes up in twenty twenty seven and

785
00:37:24,360 --> 00:37:26,200
Speaker 4: if KWI Bank is ready, would you put your banking

786
00:37:26,200 --> 00:37:26,520
Speaker 4: with them?

787
00:37:27,920 --> 00:37:31,399
Speaker 20: Well, it's really important when the government does procurement, it

788
00:37:31,440 --> 00:37:35,840
Speaker 20: doesn't favor one provider over another. So I'd expect Kiwibank

789
00:37:35,920 --> 00:37:39,080
Speaker 20: to put their best foot forward and whether or not

790
00:37:39,120 --> 00:37:41,440
Speaker 20: they would win the tender would depend on who was

791
00:37:41,440 --> 00:37:44,600
Speaker 20: going to provide the best value for money contract for

792
00:37:44,719 --> 00:37:45,720
Speaker 20: the government contract.

793
00:37:45,800 --> 00:37:47,440
Speaker 4: All right, Nicholas, thank you for your time. Appreciate it

794
00:37:47,480 --> 00:37:48,920
Speaker 4: that Nichola will is the Finance.

795
00:37:48,600 --> 00:37:50,600
Speaker 1: Minister ever due for CELA, the.

796
00:37:50,520 --> 00:37:53,440
Speaker 4: Governments announced it's going to fix their failing emissions trading scheme,

797
00:37:53,480 --> 00:37:55,239
Speaker 4: which out of the last six, of course, five of

798
00:37:55,239 --> 00:37:56,759
Speaker 4: them are failed to clear. And it's going to do

799
00:37:56,760 --> 00:37:59,359
Speaker 4: it by cutting the number of available carbon credits by

800
00:37:59,360 --> 00:38:01,279
Speaker 4: more than half. Now, the point here is to drive

801
00:38:01,360 --> 00:38:03,920
Speaker 4: up the price of carbon. Simon Watts is the climate

802
00:38:04,000 --> 00:38:08,359
Speaker 4: change Minster. Hey, Simon, got having here, You're welcome. How

803
00:38:08,400 --> 00:38:09,640
Speaker 4: much you want the price to go up by?

804
00:38:10,640 --> 00:38:10,799
Speaker 9: Oh?

805
00:38:10,880 --> 00:38:13,200
Speaker 7: Look, what we've made a decision on is to reduce

806
00:38:13,239 --> 00:38:16,760
Speaker 7: the number of units. We want to see that price increase.

807
00:38:16,800 --> 00:38:19,719
Speaker 7: And it's a supply and demand challenge, take out some

808
00:38:19,800 --> 00:38:22,239
Speaker 7: of the supply. We should see outward pressure on the price.

809
00:38:22,280 --> 00:38:25,080
Speaker 7: I don't know where that's going to land. Executive and

810
00:38:25,160 --> 00:38:28,080
Speaker 7: comment on that, but you know what we've done here

811
00:38:28,120 --> 00:38:30,200
Speaker 7: today is to make sure we've got some credibility back

812
00:38:30,200 --> 00:38:32,280
Speaker 7: into this market, which hasn't been the case in the past.

813
00:38:32,440 --> 00:38:32,680
Speaker 21: Yeah.

814
00:38:32,719 --> 00:38:34,680
Speaker 4: The problem is, of course, if you push the price up,

815
00:38:34,680 --> 00:38:36,839
Speaker 4: which is what's going to happen here, then what price

816
00:38:36,880 --> 00:38:39,160
Speaker 4: of fuel goes up? Doesn't it? Life gets more expensive

817
00:38:39,200 --> 00:38:39,880
Speaker 4: in this country?

818
00:38:40,719 --> 00:38:44,000
Speaker 7: Oh look, we give kicked that around considerat because that's

819
00:38:44,000 --> 00:38:47,160
Speaker 7: obviously a risk area. But with the data that we've got,

820
00:38:47,200 --> 00:38:50,200
Speaker 7: the doesn't indicate that we're going to see a significant

821
00:38:50,200 --> 00:38:52,400
Speaker 7: implication procure around the inflation aspect.

822
00:38:52,719 --> 00:38:55,200
Speaker 4: But simon, how can you know? Don't you just told

823
00:38:55,200 --> 00:38:56,680
Speaker 4: me you don't know how much the price is going

824
00:38:56,719 --> 00:38:59,040
Speaker 4: to go up by there? You cannot know how much

825
00:38:59,080 --> 00:38:59,960
Speaker 4: more expensive everything?

826
00:39:00,920 --> 00:39:01,560
Speaker 9: Well, look, we do.

827
00:39:01,680 --> 00:39:04,080
Speaker 7: We model a range of scenarios in regards toss.

828
00:39:04,160 --> 00:39:05,440
Speaker 4: So what's your range telling you?

829
00:39:06,680 --> 00:39:09,520
Speaker 9: Well, the range that we've modeled through looks.

830
00:39:09,360 --> 00:39:12,799
Speaker 7: Like inflation and packs of around zero points zero three

831
00:39:12,880 --> 00:39:15,719
Speaker 7: percent by twenty twenty nine. So again it can immterial

832
00:39:15,760 --> 00:39:16,480
Speaker 7: and reg again.

833
00:39:16,320 --> 00:39:19,000
Speaker 4: Which means literally nothing to any of us. As what

834
00:39:19,040 --> 00:39:20,520
Speaker 4: does it mean for the price of fuel? How much

835
00:39:20,560 --> 00:39:21,800
Speaker 4: is it going to add to the price of fuel

836
00:39:21,840 --> 00:39:22,239
Speaker 4: per litter?

837
00:39:23,719 --> 00:39:26,279
Speaker 7: It could be up to about three to four cents

838
00:39:26,640 --> 00:39:28,920
Speaker 7: per liter by twenty twenty nine, so that is not

839
00:39:29,000 --> 00:39:31,560
Speaker 7: significant in the context of the overall price.

840
00:39:31,800 --> 00:39:33,560
Speaker 4: How much does the ETS add to the price of

841
00:39:33,640 --> 00:39:34,640
Speaker 4: fuel at the moment.

842
00:39:36,120 --> 00:39:39,200
Speaker 9: It is, Well, it's embedded within that.

843
00:39:39,360 --> 00:39:40,640
Speaker 7: I don't at the number in front of me at

844
00:39:40,680 --> 00:39:41,040
Speaker 7: the moment.

845
00:39:41,120 --> 00:39:43,160
Speaker 4: Okay, So whatever it is at the moment, plus three

846
00:39:43,239 --> 00:39:46,920
Speaker 4: to four cents, yeah, pre okay, do you does it?

847
00:39:47,400 --> 00:39:49,560
Speaker 4: How confident are you it's actually going to clear the auction?

848
00:39:51,320 --> 00:39:51,799
Speaker 1: We'll look.

849
00:39:51,840 --> 00:39:54,840
Speaker 7: That's a factor that will come in a couple of weeks.

850
00:39:54,880 --> 00:39:56,719
Speaker 7: I don't have a view in regards to that, but

851
00:39:56,800 --> 00:39:58,720
Speaker 7: what we have seen is we've seen some pretty positive

852
00:39:58,760 --> 00:40:02,120
Speaker 7: feedback from the market today in regards to the decision

853
00:40:02,160 --> 00:40:05,480
Speaker 7: to have made. It's been taken on board pot of positively,

854
00:40:06,040 --> 00:40:08,200
Speaker 7: and you know that all helps with the market credibility,

855
00:40:08,200 --> 00:40:10,120
Speaker 7: which was the major issue that we're trying to address.

856
00:40:10,280 --> 00:40:13,719
Speaker 4: Simon, Thank you appreciated that. Simon Watt's climate change Minister.

857
00:40:15,320 --> 00:40:16,520
Speaker 1: Heather do for see us.

858
00:40:16,719 --> 00:40:18,600
Speaker 4: It's good on Seymour for calling luxon out.

859
00:40:18,680 --> 00:40:18,839
Speaker 22: YEP.

860
00:40:18,880 --> 00:40:20,840
Speaker 4: The public put them into power, so the public should

861
00:40:20,840 --> 00:40:22,480
Speaker 4: have to say that's on the Treaty Principal's bill. We'll

862
00:40:22,480 --> 00:40:24,960
Speaker 4: talk about it before this half hours through. Got some

863
00:40:25,120 --> 00:40:28,759
Speaker 4: hunches on how low the ocr might go from here,

864
00:40:28,960 --> 00:40:32,680
Speaker 4: asb reckons it's going to hit three point twenty five percent.

865
00:40:32,719 --> 00:40:34,680
Speaker 4: Now that's not bad because it's sitting at five point

866
00:40:34,680 --> 00:40:37,040
Speaker 4: twenty five at the moment right, So they reckon three

867
00:40:37,080 --> 00:40:39,279
Speaker 4: point twenty five, and they reckon the Reserve Bank is

868
00:40:39,320 --> 00:40:42,040
Speaker 4: going to cut it every single time they meet, and

869
00:40:42,040 --> 00:40:44,880
Speaker 4: they'll cut it by twenty five basis points west Pax

870
00:40:45,000 --> 00:40:46,520
Speaker 4: is not quite that low. They say it's going to

871
00:40:46,600 --> 00:40:48,719
Speaker 4: go to three point seventy five, but it'll get there

872
00:40:48,760 --> 00:40:51,400
Speaker 4: by the end of next year, which actually means that

873
00:40:51,640 --> 00:40:53,920
Speaker 4: they will cut every single time, but they'll have to

874
00:40:53,920 --> 00:40:55,879
Speaker 4: do some bigger cuts, like maybe a fifty basis point

875
00:40:55,920 --> 00:40:58,919
Speaker 4: cut here and there, A and z reckons it gets

876
00:40:58,920 --> 00:41:03,120
Speaker 4: to three point five and also a twenty five basis

877
00:41:03,120 --> 00:41:07,040
Speaker 4: point cut every single meeting. Now, Brad Olson's going to

878
00:41:07,080 --> 00:41:09,239
Speaker 4: be with us round about quarter pass six. I'm gonna

879
00:41:09,239 --> 00:41:10,759
Speaker 4: get his take on. Also, what I want to talk

880
00:41:10,800 --> 00:41:13,759
Speaker 4: to him about is the shade that the shade that

881
00:41:13,840 --> 00:41:16,560
Speaker 4: Adrian All was giving him last week. Remember Adrian All

882
00:41:16,680 --> 00:41:19,040
Speaker 4: was saying, oh, some people need some pictures drawn for them.

883
00:41:19,040 --> 00:41:21,680
Speaker 4: He was talking about Brad. So we'll get Brad's take

884
00:41:21,719 --> 00:41:24,120
Speaker 4: on and get his little response. And somehow I feel

885
00:41:24,160 --> 00:41:27,239
Speaker 4: like Brad will will will not rise to he will

886
00:41:27,280 --> 00:41:29,239
Speaker 4: not take the bait, he will not play the man,

887
00:41:29,280 --> 00:41:31,160
Speaker 4: because that's the kind of guy Brad is. Quarter past,

888
00:41:33,000 --> 00:41:35,120
Speaker 4: have you been seeing a whole lot more BYD vehicles

889
00:41:35,120 --> 00:41:37,279
Speaker 4: in our roads lately? Well, if you have, let me

890
00:41:37,320 --> 00:41:40,160
Speaker 4: explain why. That's because BYD is becoming the go to

891
00:41:40,360 --> 00:41:42,839
Speaker 4: choice for Kiwi businesses, actually for their fleets. Now I've

892
00:41:42,920 --> 00:41:44,960
Speaker 4: driven some of these cars myself. I was lucky enough

893
00:41:44,960 --> 00:41:47,279
Speaker 4: to visit their headquarters as well. And trust me when

894
00:41:47,320 --> 00:41:51,120
Speaker 4: I say these vehicles redefine driving pleasure. Both the BYDC

895
00:41:51,320 --> 00:41:54,759
Speaker 4: Lions six and the Sharks six are absolute top of

896
00:41:54,800 --> 00:41:57,839
Speaker 4: the line driving experiences. It's not just about the fantastic

897
00:41:57,960 --> 00:42:01,520
Speaker 4: ride here. BYD is dedicated local support team ensures that

898
00:42:01,600 --> 00:42:04,400
Speaker 4: you can connect with real people ready to insist when

899
00:42:04,440 --> 00:42:06,400
Speaker 4: you need it, and their warehouse was outstanding as well

900
00:42:06,440 --> 00:42:09,560
Speaker 4: because it's stocked to the brim with thousands of BYD parts,

901
00:42:09,680 --> 00:42:12,720
Speaker 4: ensuring that you have minimal downtime if something does go awry,

902
00:42:12,760 --> 00:42:15,080
Speaker 4: and if you have an accident, BYD's got you covered.

903
00:42:15,239 --> 00:42:18,480
Speaker 4: Their specialized panel repair network guarantees your vehicle returns to

904
00:42:18,480 --> 00:42:22,400
Speaker 4: you in pristine condition. Plus, with locally owned dealerships across

905
00:42:22,400 --> 00:42:25,279
Speaker 4: the country, finding the perfect BYD for your needs is

906
00:42:25,320 --> 00:42:28,719
Speaker 4: a breeze. So head over to BYD Auto dot Co

907
00:42:28,840 --> 00:42:32,360
Speaker 4: dot NZ and discover YBYD is taking New Zealand by storm.

908
00:42:32,719 --> 00:42:34,280
Speaker 1: Heather duper Cela done.

909
00:42:34,120 --> 00:42:35,719
Speaker 4: The figures full. Simon Watt, So I had to look

910
00:42:35,760 --> 00:42:39,680
Speaker 4: the ETS tax component already in your petrol per liter

911
00:42:40,160 --> 00:42:42,640
Speaker 4: is eighteen cents, so he says, am I going to

912
00:42:42,719 --> 00:42:45,080
Speaker 4: go up by three to four cents? Not a big deal? Well,

913
00:42:45,120 --> 00:42:48,480
Speaker 4: three to four cents on top of eighteen cents is

914
00:42:48,560 --> 00:42:51,920
Speaker 4: actually a twenty two percent increase. So you might go

915
00:42:52,440 --> 00:42:54,680
Speaker 4: three to four cents, but you know hundreds and hundreds

916
00:42:54,680 --> 00:42:57,040
Speaker 4: and hundreds of liters across the year you paying, aren't you?

917
00:42:57,600 --> 00:43:00,600
Speaker 4: Nineteen past five? Now looks like going to get our

918
00:43:00,600 --> 00:43:03,959
Speaker 4: first Already are getting our first Low alcohol five percent wine.

919
00:43:03,960 --> 00:43:06,280
Speaker 4: It's been put out by Selax and the general manager

920
00:43:06,320 --> 00:43:08,000
Speaker 4: of sales and marketing is Ollie Wilson.

921
00:43:08,000 --> 00:43:10,440
Speaker 9: Hey, Olie, Hi, Heather, how are you?

922
00:43:10,640 --> 00:43:12,920
Speaker 4: I'm well, thank you. Are you responding to demand here

923
00:43:12,920 --> 00:43:14,560
Speaker 4: people who want to have a drink but don't want

924
00:43:14,560 --> 00:43:15,280
Speaker 4: to get too messy?

925
00:43:17,080 --> 00:43:21,000
Speaker 9: Yeah, sure, we're giving people choice. Lower alcohol products have

926
00:43:21,080 --> 00:43:23,080
Speaker 9: been around for a while, Seelex, We've been doing lower

927
00:43:23,080 --> 00:43:25,520
Speaker 9: OLC for over ten years, but this is the first

928
00:43:25,520 --> 00:43:27,440
Speaker 9: time we've had a five percent product available.

929
00:43:27,480 --> 00:43:30,160
Speaker 1: So we're pretty excited about Does it taste good?

930
00:43:31,440 --> 00:43:35,840
Speaker 9: It tastes fantastic. We're pretty confidenced it's as close as

931
00:43:36,120 --> 00:43:38,800
Speaker 9: it's as close to the full strength alcohol product that

932
00:43:38,920 --> 00:43:40,880
Speaker 9: you can get at the moment. Then we've done sensory

933
00:43:40,920 --> 00:43:42,000
Speaker 9: tests to check that out.

934
00:43:42,320 --> 00:43:42,880
Speaker 5: What is it?

935
00:43:42,880 --> 00:43:44,399
Speaker 4: What are we talking? Is it a white red?

936
00:43:45,880 --> 00:43:49,160
Speaker 9: We've got three varietales available. We've got Seveon Blanc He's done,

937
00:43:49,160 --> 00:43:51,960
Speaker 9: it's most popular varietal, and then we've got Penigree and

938
00:43:52,040 --> 00:43:53,320
Speaker 9: Rose and the range as well.

939
00:43:53,520 --> 00:43:56,600
Speaker 4: Oh so it's all white, all white at the moment.

940
00:43:56,920 --> 00:44:01,480
Speaker 9: Yes, yeah, it's really harder to do. It is harder,

941
00:44:01,520 --> 00:44:05,600
Speaker 9: but we've been testing, testing it and hopefully maybe an accentage.

942
00:44:05,760 --> 00:44:07,080
Speaker 9: We could have a crack at a red.

943
00:44:07,800 --> 00:44:09,399
Speaker 4: How do you even get the alcohol out?

944
00:44:11,000 --> 00:44:14,440
Speaker 23: So we make I was using traditional wine making methods,

945
00:44:14,800 --> 00:44:17,839
Speaker 23: so we're press the grapes and then for a mint,

946
00:44:17,920 --> 00:44:22,920
Speaker 23: but a lot of eight nine product is breaking down

947
00:44:24,000 --> 00:44:27,000
Speaker 23: the actual wine product and then splitting out the alcohol

948
00:44:27,000 --> 00:44:29,440
Speaker 23: and then putting it back together, which you lose.

949
00:44:29,400 --> 00:44:31,839
Speaker 9: A little bit of the aroma, the mouthfill, the fruit

950
00:44:31,920 --> 00:44:35,000
Speaker 9: flavors of the wine. Where we were compliment our method

951
00:44:35,200 --> 00:44:38,359
Speaker 9: maintains most of that key wine cubs and.

952
00:44:38,320 --> 00:44:39,400
Speaker 4: Is it on the shelves already?

953
00:44:40,440 --> 00:44:44,200
Speaker 9: Yes, I xperience five percent develable in all liquor retailer

954
00:44:44,200 --> 00:44:44,680
Speaker 9: at the moment.

955
00:44:44,760 --> 00:44:46,919
Speaker 4: Fantastic, So we can have a wine without getting into

956
00:44:46,960 --> 00:44:50,720
Speaker 4: it becoming a hot mess. Ollie, thank you. Ollie Wilson

957
00:44:50,760 --> 00:44:53,600
Speaker 4: selects General Manager Sales and Marketing. Here the open banking

958
00:44:53,680 --> 00:44:56,400
Speaker 4: is totally overrated and will barely move the dial in

959
00:44:56,440 --> 00:45:00,719
Speaker 4: New Zealand. Man, Honestly, I am waiting. I'm waiting to

960
00:45:00,760 --> 00:45:03,440
Speaker 4: be convinced by this thing, but I just I just

961
00:45:03,600 --> 00:45:05,360
Speaker 4: am not at the moment. I see no evidence that

962
00:45:05,400 --> 00:45:07,480
Speaker 4: this is awesome, But anyway, it's worth a try. I

963
00:45:07,480 --> 00:45:09,480
Speaker 4: suppose can't hurt five twenty one.

964
00:45:10,200 --> 00:45:14,000
Speaker 2: Heather Duplsicy Ellen cutting through the noise to get the facts.

965
00:45:14,480 --> 00:45:18,240
Speaker 2: It's Heather Duplicy Allen drive with one New Zealand. Let's

966
00:45:18,239 --> 00:45:20,200
Speaker 2: get connected and news talk as they'd be.

967
00:45:20,840 --> 00:45:23,680
Speaker 4: Five twenty two. Okay. On the Treaty Principles thing, I

968
00:45:23,719 --> 00:45:25,960
Speaker 4: find it really hard to respect the Prime Minister's position

969
00:45:26,000 --> 00:45:28,400
Speaker 4: on the Treaty Principal's bill. He's going to have to

970
00:45:28,400 --> 00:45:29,680
Speaker 4: do it now. He is going to have to kill

971
00:45:29,680 --> 00:45:32,480
Speaker 4: that bill before it gets past because of yesterday. Because

972
00:45:32,640 --> 00:45:34,520
Speaker 4: while he has said before that he's going to kill it,

973
00:45:34,600 --> 00:45:38,960
Speaker 4: yesterday was significant because it was unprompted. He wasn't asked

974
00:45:39,000 --> 00:45:41,000
Speaker 4: by a journalist or another MP in the House what

975
00:45:41,080 --> 00:45:42,919
Speaker 4: his position was. He stood in front of a crowd

976
00:45:42,920 --> 00:45:45,480
Speaker 4: of Marty leaders, some of whom are still very angry

977
00:45:45,480 --> 00:45:47,879
Speaker 4: about this, and he promised, and so did Shane Jones

978
00:45:47,880 --> 00:45:50,759
Speaker 4: from New Zealand first, to kill the bill. It was unequivocal,

979
00:45:50,960 --> 00:45:53,280
Speaker 4: and it was recorded by journalists and it was witnessed

980
00:45:53,320 --> 00:45:55,520
Speaker 4: by marty leaders. So he has got no option now

981
00:45:55,920 --> 00:45:58,200
Speaker 4: but to do it, regardless of how popular this bill

982
00:45:58,239 --> 00:45:59,960
Speaker 4: may or may not prove to be. With the public

983
00:46:00,239 --> 00:46:02,799
Speaker 4: luxon has got to kill it. And I find that

984
00:46:02,920 --> 00:46:06,480
Speaker 4: really hard to respect, because what is the point of

985
00:46:06,560 --> 00:46:08,680
Speaker 4: dragging New Zealand through this only to kill it? I

986
00:46:08,680 --> 00:46:11,239
Speaker 4: mean just drafting that bill Apparently, I asked today as

987
00:46:11,239 --> 00:46:14,920
Speaker 4: somebody who works in Parliament, apparently that might cost around

988
00:46:15,080 --> 00:46:18,239
Speaker 4: three hundred thousand dollars in tax payers money just to

989
00:46:18,360 --> 00:46:22,000
Speaker 4: draft the bill. So it's wasting time of the people

990
00:46:22,040 --> 00:46:24,560
Speaker 4: doing that work, and it's wasting money, and then it's

991
00:46:24,560 --> 00:46:26,719
Speaker 4: going to waste the time of Cabinet when they have

992
00:46:26,760 --> 00:46:28,360
Speaker 4: to deal with it. It is wasting the time of the

993
00:46:28,400 --> 00:46:31,759
Speaker 4: minister who is dealing with it. It's going to take

994
00:46:31,760 --> 00:46:33,640
Speaker 4: a select committee at some stage to deal with the

995
00:46:33,680 --> 00:46:35,960
Speaker 4: two That is going to waste a whole bunch of

996
00:46:35,960 --> 00:46:38,040
Speaker 4: people's time who sit around there, and it will waste

997
00:46:38,040 --> 00:46:40,719
Speaker 4: a lot more money than three hundred thousand dollars. And

998
00:46:40,760 --> 00:46:42,840
Speaker 4: that's not even to mention the nastiness that this is

999
00:46:42,840 --> 00:46:45,600
Speaker 4: going to cause in the country. Now, look, don't get

1000
00:46:45,600 --> 00:46:47,600
Speaker 4: me wrong, I don't mind having this debate. I actually

1001
00:46:47,600 --> 00:46:49,560
Speaker 4: think as a country we need to have this debate

1002
00:46:49,760 --> 00:46:51,399
Speaker 4: rather than the thing just happened to us and people

1003
00:46:51,400 --> 00:46:54,439
Speaker 4: get increasingly resentful over it. But I also know it's

1004
00:46:54,440 --> 00:46:58,680
Speaker 4: going to get nasty now. Going through that is only

1005
00:46:58,800 --> 00:47:01,400
Speaker 4: worth it if at the end there is a resolution,

1006
00:47:01,560 --> 00:47:03,560
Speaker 4: if we as a country get to decide one way

1007
00:47:03,680 --> 00:47:05,319
Speaker 4: or the other which path we want to take as

1008
00:47:05,320 --> 00:47:07,920
Speaker 4: a country. But Chris Luxen has just told us again

1009
00:47:08,080 --> 00:47:09,719
Speaker 4: we will never get to that point. We will never

1010
00:47:09,760 --> 00:47:11,400
Speaker 4: as a country get to choose which is going to

1011
00:47:11,400 --> 00:47:13,879
Speaker 4: go through all the pain and then we never get

1012
00:47:13,920 --> 00:47:15,680
Speaker 4: to make a choice because he's going to kill it.

1013
00:47:15,920 --> 00:47:17,560
Speaker 4: So we're going to go through all this nastiness and

1014
00:47:17,600 --> 00:47:21,120
Speaker 4: money wasting and time wasting for nothing for what for

1015
00:47:21,160 --> 00:47:24,560
Speaker 4: a coalition promise that he extracted or gave just so

1016
00:47:24,600 --> 00:47:26,879
Speaker 4: he could basically stitch a government together. That is very,

1017
00:47:27,000 --> 00:47:27,920
Speaker 4: very hard to respect.

1018
00:47:28,320 --> 00:47:30,160
Speaker 1: Heather duplesur frankly, I.

1019
00:47:30,120 --> 00:47:32,160
Speaker 4: Hope they change their position on it, although as I say,

1020
00:47:32,200 --> 00:47:33,759
Speaker 4: I don't think you can, and we're going to talk

1021
00:47:33,760 --> 00:47:35,359
Speaker 4: to the huddle about that when they join us. Filer

1022
00:47:35,440 --> 00:47:39,160
Speaker 4: Ralei and Richard Hill's on that. Heather, please ask Darlene

1023
00:47:39,160 --> 00:47:42,320
Speaker 4: if she was ever offered support from the Greens, particularly Chloe.

1024
00:47:42,640 --> 00:47:45,000
Speaker 4: I need to be square with you about something which

1025
00:47:45,000 --> 00:47:46,600
Speaker 4: I think if you listen to this program you will

1026
00:47:46,640 --> 00:47:49,200
Speaker 4: already know. I do not think Darlene needs to quit.

1027
00:47:49,920 --> 00:47:52,040
Speaker 4: In fact, well I think she needs to quit, but

1028
00:47:52,120 --> 00:47:54,280
Speaker 4: I do not think that the Green Party should actually

1029
00:47:54,320 --> 00:47:56,759
Speaker 4: eject her from from I don't think that they should

1030
00:47:56,840 --> 00:48:00,359
Speaker 4: use the waker jumping legislation for a reason and so

1031
00:48:00,480 --> 00:48:02,359
Speaker 4: varied and so long that we do not have time

1032
00:48:02,400 --> 00:48:04,080
Speaker 4: to talk through it. But anyway, she is with us.

1033
00:48:04,080 --> 00:48:08,839
Speaker 4: Straight after the news quick update on Winston Winstone. Winstone

1034
00:48:09,000 --> 00:48:12,400
Speaker 4: are the people who shuttered those two saw mills, that

1035
00:48:12,440 --> 00:48:15,560
Speaker 4: the saw mill and the pulp mill by Orhakuni for

1036
00:48:15,640 --> 00:48:18,560
Speaker 4: two weeks. Those mills have not restarted yet, and the

1037
00:48:18,600 --> 00:48:21,400
Speaker 4: two weeks is up, and they have now just announced

1038
00:48:21,960 --> 00:48:25,279
Speaker 4: that proposing to permanently close them. The union wants us

1039
00:48:25,320 --> 00:48:27,520
Speaker 4: to save them. The Union wants us to put tax

1040
00:48:27,520 --> 00:48:29,480
Speaker 4: payer money and open those meals up because we put

1041
00:48:29,480 --> 00:48:31,480
Speaker 4: money in sort of a pair who Alpine lifts, so

1042
00:48:31,480 --> 00:48:33,880
Speaker 4: surely we can put into the mills as well. So anyway,

1043
00:48:34,000 --> 00:48:37,160
Speaker 4: that was obvious that that was a very real likelihood,

1044
00:48:37,200 --> 00:48:41,440
Speaker 4: wasn't it. Headline's next.

1045
00:48:43,360 --> 00:48:45,360
Speaker 1: Hard Questions, Strong Opinion.

1046
00:48:45,560 --> 00:48:48,960
Speaker 2: Heather duper c Allen drive with One New Zealand Let's

1047
00:48:49,000 --> 00:48:50,720
Speaker 2: get connected and news talk as.

1048
00:48:50,600 --> 00:48:50,920
Speaker 24: Z be.

1049
00:48:57,920 --> 00:49:00,719
Speaker 4: Pay Awkwardly, We've got a second company two days to

1050
00:49:00,800 --> 00:49:03,600
Speaker 4: report a big profit increase as a Gen Taylor's. We

1051
00:49:03,680 --> 00:49:07,120
Speaker 4: had contact yesterday up eighty five percent, mercury today up

1052
00:49:07,200 --> 00:49:09,240
Speaker 4: or whopping one hundred and fifty nine percent. The CEO

1053
00:49:09,320 --> 00:49:11,240
Speaker 4: is going to be with us after six six o'clock.

1054
00:49:11,280 --> 00:49:14,120
Speaker 4: In the huddle is standing by former Green MP Darlene

1055
00:49:14,160 --> 00:49:17,440
Speaker 4: Tana has finally written back to the Green Party and

1056
00:49:17,480 --> 00:49:19,440
Speaker 4: said they will not resign from parliament. It is a

1057
00:49:19,520 --> 00:49:21,560
Speaker 4: very long letter at seven pages long, and it argues

1058
00:49:21,560 --> 00:49:24,000
Speaker 4: that the party should not use the walker jumping laws.

1059
00:49:23,960 --> 00:49:27,600
Speaker 4: So let's talk to them. Darlene, Hello, killed out, Darlene.

1060
00:49:27,680 --> 00:49:29,640
Speaker 4: Is it not awkward being there with people who don't

1061
00:49:29,640 --> 00:49:30,200
Speaker 4: want you there?

1062
00:49:31,680 --> 00:49:36,279
Speaker 6: Okay, thank you. Actually, I'm quite fine. I came in

1063
00:49:36,320 --> 00:49:39,640
Speaker 6: here to represent my communities to uphold Modi mana Tapu

1064
00:49:39,800 --> 00:49:40,919
Speaker 6: and that's what we're doing.

1065
00:49:41,200 --> 00:49:42,960
Speaker 4: And how do you feel about the fact that that

1066
00:49:43,400 --> 00:49:45,600
Speaker 4: we've had public polls say most of New Zealand don't

1067
00:49:45,600 --> 00:49:46,200
Speaker 4: want you in there.

1068
00:49:48,560 --> 00:49:53,520
Speaker 6: Look again, I'm listening to my communities, Green Party members

1069
00:49:53,680 --> 00:49:57,040
Speaker 6: and non members alike who have been constantly calling me

1070
00:49:57,080 --> 00:50:00,160
Speaker 6: and reminding me that they actually voted party Green for

1071
00:50:00,320 --> 00:50:02,960
Speaker 6: the name. So they're the ones who are insisting that

1072
00:50:03,000 --> 00:50:05,840
Speaker 6: I stay in here as an independent and we've brooked

1073
00:50:05,840 --> 00:50:07,680
Speaker 6: out our game plans and that's what we're doing.

1074
00:50:08,360 --> 00:50:10,120
Speaker 4: You say, we've worked out our game plans and you

1075
00:50:10,160 --> 00:50:11,720
Speaker 4: got support from within the party.

1076
00:50:12,480 --> 00:50:16,440
Speaker 6: Absolutely, absolutely, but not just within the party, within within

1077
00:50:16,480 --> 00:50:18,879
Speaker 6: the communities. You know, I do a lot of work,

1078
00:50:19,360 --> 00:50:21,799
Speaker 6: working in the Gahdi through to Tai Toukatto, working in

1079
00:50:21,840 --> 00:50:24,239
Speaker 6: the in the Ocean space out to Morning and our Toy.

1080
00:50:24,800 --> 00:50:27,319
Speaker 6: All these ones are wanting me to do it. I'm

1081
00:50:27,320 --> 00:50:30,280
Speaker 6: gonna do it, so I'm not I'm not big on talking.

1082
00:50:30,440 --> 00:50:32,680
Speaker 4: Yeah, so in a party supporting you.

1083
00:50:34,120 --> 00:50:36,240
Speaker 6: I don't know that I'm at liberty the name names.

1084
00:50:36,280 --> 00:50:39,799
Speaker 6: I've been a little concerned, to be very honest with you.

1085
00:50:39,880 --> 00:50:44,439
Speaker 6: I've taken my principal stance and dissenting with the Green

1086
00:50:44,480 --> 00:50:48,280
Speaker 6: Party co leadership. And what I'm hearing on the ground

1087
00:50:48,520 --> 00:50:52,080
Speaker 6: of many of my supporters is that they're feeling ah,

1088
00:50:52,600 --> 00:50:56,239
Speaker 6: you know, the cancel culture is a thing, and so

1089
00:50:56,320 --> 00:50:59,000
Speaker 6: I'm not going to name names, but there are certainly our.

1090
00:50:58,920 --> 00:51:01,160
Speaker 4: Supporters out there within the PACIFICA Greens.

1091
00:51:03,719 --> 00:51:06,480
Speaker 6: I'm just talking generally, you know, I've had some involvement

1092
00:51:06,520 --> 00:51:10,040
Speaker 6: with specific Agreens, but you know, Mary Non Marty right,

1093
00:51:10,280 --> 00:51:10,600
Speaker 6: I was.

1094
00:51:10,560 --> 00:51:13,680
Speaker 4: Asking them about them specifically because they have very publicly

1095
00:51:13,719 --> 00:51:14,800
Speaker 4: supported you, haven't.

1096
00:51:14,560 --> 00:51:18,640
Speaker 6: They well, I you know, I think they stood up

1097
00:51:18,800 --> 00:51:23,239
Speaker 6: for what they saw were injustices against PACIFICA Greens. I

1098
00:51:23,400 --> 00:51:26,080
Speaker 6: might be just a tipping point. They did talk to

1099
00:51:27,440 --> 00:51:29,400
Speaker 6: concerns that they've held over many years.

1100
00:51:30,560 --> 00:51:32,920
Speaker 4: Darlene. Look, one of the reasons people think you're staying

1101
00:51:32,920 --> 00:51:35,040
Speaker 4: in there is for the pay. Is that why you're

1102
00:51:35,080 --> 00:51:35,440
Speaker 4: hanging on?

1103
00:51:37,040 --> 00:51:40,440
Speaker 6: No and here I've always been a copepper driven person.

1104
00:51:40,920 --> 00:51:43,719
Speaker 6: My fa, no, my my hapu, my EWI know that,

1105
00:51:43,960 --> 00:51:48,000
Speaker 6: and my community know that. I will keep working to

1106
00:51:48,520 --> 00:51:53,239
Speaker 6: restore Modi of Domjana and now Tamaiti Key forever and

1107
00:51:53,360 --> 00:51:55,239
Speaker 6: a day on smell of an oily rag.

1108
00:51:55,280 --> 00:51:57,000
Speaker 1: If I have to do you.

1109
00:51:56,920 --> 00:51:58,759
Speaker 4: Reckon, They're going to pull the Wacker jumping lure on

1110
00:51:58,800 --> 00:51:59,640
Speaker 4: you in a couple of weeks.

1111
00:52:01,680 --> 00:52:05,440
Speaker 6: Ultimately that's going to be their decision. I've been extremely

1112
00:52:05,840 --> 00:52:10,360
Speaker 6: guffed to be you know, have effectively a malicious campaign

1113
00:52:10,719 --> 00:52:15,720
Speaker 6: miss disinformation against me, So you know, I'm more interested

1114
00:52:15,760 --> 00:52:19,840
Speaker 6: in getting the correct information out to the to the

1115
00:52:19,880 --> 00:52:22,279
Speaker 6: party members and I trust that they will just take

1116
00:52:22,400 --> 00:52:23,040
Speaker 6: their decisions.

1117
00:52:23,080 --> 00:52:25,000
Speaker 4: Do you treate your chances though, because it feels like

1118
00:52:25,080 --> 00:52:26,479
Speaker 4: Chloe's gearing up for the same.

1119
00:52:28,400 --> 00:52:32,440
Speaker 6: Well, you know, as I as I said, miss disinformation,

1120
00:52:32,520 --> 00:52:35,359
Speaker 6: it's a thing, canceled culture, it's a thing. I don't

1121
00:52:35,440 --> 00:52:36,640
Speaker 6: have the gift of the gab.

1122
00:52:36,800 --> 00:52:37,759
Speaker 9: I'm not out there.

1123
00:52:37,800 --> 00:52:42,239
Speaker 6: I'm more of a te towel auntie in the background,

1124
00:52:42,440 --> 00:52:45,160
Speaker 6: holding the fort, keeping everybody together and just you know,

1125
00:52:45,160 --> 00:52:47,560
Speaker 6: on the hands on person actually doing it.

1126
00:52:47,640 --> 00:52:48,839
Speaker 5: So I'm not you know, I'm not.

1127
00:52:48,800 --> 00:52:52,000
Speaker 6: Spending my time out there talking up large and just

1128
00:52:52,040 --> 00:52:53,520
Speaker 6: belongside people actually doing them.

1129
00:52:53,520 --> 00:52:56,960
Speaker 4: May if they do pull the wacker jumping legislation on you,

1130
00:52:57,800 --> 00:52:59,600
Speaker 4: are you prepared to take this to court to fight this.

1131
00:53:01,400 --> 00:53:04,000
Speaker 6: I haven't made such considerations, to be honest. I'm just

1132
00:53:04,080 --> 00:53:06,920
Speaker 6: asking for people to, you know, if you really need

1133
00:53:06,960 --> 00:53:08,759
Speaker 6: to think seriously about this. I mean, what does this

1134
00:53:08,840 --> 00:53:11,440
Speaker 6: say about democracy and alcad. You know, when you have

1135
00:53:11,600 --> 00:53:14,680
Speaker 6: politicians who are going to oust an MP who was

1136
00:53:14,719 --> 00:53:18,759
Speaker 6: elected in by the public, I think it's said's a

1137
00:53:18,880 --> 00:53:22,279
Speaker 6: very you know, dangerous president to be frank, and you know,

1138
00:53:22,520 --> 00:53:24,880
Speaker 6: I'm going to point back to the Green Party Fokerpopper,

1139
00:53:25,560 --> 00:53:29,120
Speaker 6: their own you know, wise respected leaders that are called

1140
00:53:29,600 --> 00:53:32,560
Speaker 6: you know Rod Donald or Jeneck fitz Simmons, Materia to

1141
00:53:32,719 --> 00:53:35,560
Speaker 6: Day or more recently James Shaw. You know, they all

1142
00:53:35,640 --> 00:53:36,040
Speaker 6: talked to this.

1143
00:53:36,719 --> 00:53:38,960
Speaker 4: How can your story change so much when they were

1144
00:53:38,960 --> 00:53:40,600
Speaker 4: doing the inquiry into what was going on in your

1145
00:53:40,640 --> 00:53:41,440
Speaker 4: husband's business.

1146
00:53:43,680 --> 00:53:45,719
Speaker 6: I'm much sure that I understand your question. How do

1147
00:53:45,760 --> 00:53:46,680
Speaker 6: you mean my story.

1148
00:53:46,480 --> 00:53:50,520
Speaker 4: Change according to the inquirer, the lawyer who was doing

1149
00:53:50,600 --> 00:53:53,440
Speaker 4: the inquiry, your your story would change consistently, so you

1150
00:53:53,480 --> 00:53:55,520
Speaker 4: would say that you didn't know anything about an allegation.

1151
00:53:55,600 --> 00:53:57,040
Speaker 4: Then you would admit, oh, yeah, you did know a

1152
00:53:57,080 --> 00:53:59,319
Speaker 4: little bit about the allegation, but actually it was him

1153
00:53:59,360 --> 00:54:01,480
Speaker 4: dealing with it, and there was no consistency in what

1154
00:54:01,520 --> 00:54:03,360
Speaker 4: you were saying. Why did it keep happening?

1155
00:54:05,920 --> 00:54:07,920
Speaker 6: I think it didn't. It didn't, you know, I wasn't

1156
00:54:08,000 --> 00:54:11,440
Speaker 6: changing my story. What I was struggling with was many

1157
00:54:11,520 --> 00:54:14,080
Speaker 6: of these incidents were happening where I was not actually

1158
00:54:14,120 --> 00:54:18,040
Speaker 6: involved directly, and I was trying to understand what was

1159
00:54:18,080 --> 00:54:21,520
Speaker 6: going on. So I needed to ask around, you know,

1160
00:54:21,600 --> 00:54:26,799
Speaker 6: find emails, find text messages from others from within the

1161
00:54:26,840 --> 00:54:30,080
Speaker 6: company to try to ascertain what actually happened. So as

1162
00:54:30,239 --> 00:54:33,120
Speaker 6: things came to light, that's what I put onto the

1163
00:54:33,160 --> 00:54:37,440
Speaker 6: table with the investigator. I refused absolutely that my story changed.

1164
00:54:37,520 --> 00:54:39,080
Speaker 6: Absolutely refute that why.

1165
00:54:38,800 --> 00:54:40,839
Speaker 4: Did you go around to one of the guy's workplaces

1166
00:54:40,840 --> 00:54:43,520
Speaker 4: after he'd left your husband's work and have a shouting

1167
00:54:43,560 --> 00:54:44,040
Speaker 4: match with them?

1168
00:54:45,080 --> 00:54:48,520
Speaker 6: I was walking to the ferry and he was standing

1169
00:54:48,600 --> 00:54:53,040
Speaker 6: right there and I asked him just to you know,

1170
00:54:53,120 --> 00:54:55,759
Speaker 6: do your many. And that was that he made a

1171
00:54:55,760 --> 00:54:57,960
Speaker 6: police report about it. You can say what you like

1172
00:54:58,000 --> 00:55:00,960
Speaker 6: in police reports. There was no further action and I

1173
00:55:01,000 --> 00:55:03,160
Speaker 6: didn't actually see a need to go further with that

1174
00:55:03,880 --> 00:55:06,520
Speaker 6: being blown up out of proportion in the media. Why

1175
00:55:06,560 --> 00:55:08,040
Speaker 6: And that's just one of the things that happened.

1176
00:55:08,120 --> 00:55:10,440
Speaker 4: I've never understood this was what was the allegation that

1177
00:55:10,480 --> 00:55:11,280
Speaker 4: he took to the police.

1178
00:55:14,200 --> 00:55:14,440
Speaker 9: You know.

1179
00:55:14,560 --> 00:55:16,440
Speaker 6: The allegation was that I had approached of at a

1180
00:55:16,560 --> 00:55:18,840
Speaker 6: place of work and said some things.

1181
00:55:19,200 --> 00:55:21,600
Speaker 4: All right, Darling, thank you for your tom appreciating best

1182
00:55:21,640 --> 00:55:24,160
Speaker 4: of luck dealing with this is Darling Tunner Independent.

1183
00:55:23,800 --> 00:55:29,000
Speaker 2: MP the Huddle with New Zealand Southerby's International Realty Exceptional

1184
00:55:29,040 --> 00:55:31,040
Speaker 2: Marketing for every property on the.

1185
00:55:31,080 --> 00:55:32,960
Speaker 4: Huddle with me this evening. Who we've got Phillo, Riley

1186
00:55:33,040 --> 00:55:35,239
Speaker 4: Iro and you partners obviously former Boss of Business New

1187
00:55:35,320 --> 00:55:37,520
Speaker 4: Zealand and Richard Hill's Auckland councilor hell, are you too?

1188
00:55:38,320 --> 00:55:38,799
Speaker 9: How you are?

1189
00:55:39,160 --> 00:55:40,760
Speaker 4: Phil? Are you convinced by Darling?

1190
00:55:41,840 --> 00:55:45,080
Speaker 9: Oh? Not really? Of course it was a It was

1191
00:55:45,120 --> 00:55:47,960
Speaker 9: a letter written by lawyers, I suspect or advisors back

1192
00:55:48,000 --> 00:55:49,680
Speaker 9: to the Green Party. You already set herself up for

1193
00:55:49,760 --> 00:55:53,879
Speaker 9: a debate about this walker jumping legislation and the guy

1194
00:55:53,880 --> 00:55:56,640
Speaker 9: I who haven't been involved in the in the legal

1195
00:55:56,880 --> 00:55:58,680
Speaker 9: inquiry about that. So I wouldn't want to comment on

1196
00:55:58,719 --> 00:56:00,719
Speaker 9: any of those things, but the fact that I think

1197
00:56:00,719 --> 00:56:02,680
Speaker 9: the Greens will have to use the walker jumping legislation,

1198
00:56:02,719 --> 00:56:03,920
Speaker 9: and of course it'll be a bit of egg on

1199
00:56:03,920 --> 00:56:07,000
Speaker 9: their face because they've been so that's whole year than now.

1200
00:56:07,040 --> 00:56:10,000
Speaker 9: Frankly haven't they about the use of this kind of

1201
00:56:10,040 --> 00:56:12,000
Speaker 9: think they're above all that kind of stuff, And now

1202
00:56:12,000 --> 00:56:13,360
Speaker 9: they're going to be forced to use it, and I

1203
00:56:13,360 --> 00:56:16,040
Speaker 9: think they will, and they're already setting themselves to do that,

1204
00:56:16,120 --> 00:56:18,719
Speaker 9: as is Darling to say no, not me and take

1205
00:56:18,840 --> 00:56:19,680
Speaker 9: legal election against it.

1206
00:56:19,880 --> 00:56:21,799
Speaker 4: Oh you were expecting that she's going to go to court?

1207
00:56:21,800 --> 00:56:22,040
Speaker 4: Are you?

1208
00:56:22,600 --> 00:56:22,759
Speaker 1: Oh?

1209
00:56:22,840 --> 00:56:24,640
Speaker 9: I think so, because why would you write a little

1210
00:56:24,640 --> 00:56:26,839
Speaker 9: like that, why would you write the long notes yeh,

1211
00:56:27,000 --> 00:56:28,719
Speaker 9: talking about the history of the Green Party and all that,

1212
00:56:28,800 --> 00:56:32,719
Speaker 9: unless you have set yourself up to take action. That's

1213
00:56:33,120 --> 00:56:35,080
Speaker 9: the lot of screams that to me as I read

1214
00:56:35,120 --> 00:56:37,480
Speaker 9: it as one of whose response letters in the past. Yep,

1215
00:56:37,920 --> 00:56:38,919
Speaker 9: I think that's what's going to happen.

1216
00:56:39,000 --> 00:56:40,960
Speaker 4: Yet I think you bang on Richard, is that going

1217
00:56:40,960 --> 00:56:43,360
Speaker 4: to put them off kicking her out? The thought that

1218
00:56:43,360 --> 00:56:45,120
Speaker 4: they have to take this to court and drag this

1219
00:56:45,239 --> 00:56:47,200
Speaker 4: out in the media for god knows how long.

1220
00:56:47,600 --> 00:56:49,799
Speaker 25: Well, either way, it's going to be dragged out forever, right,

1221
00:56:49,960 --> 00:56:52,440
Speaker 25: But yeah, I mean in some ways Darling will probably

1222
00:56:52,480 --> 00:56:55,080
Speaker 25: just make all of herself sitting there for two and

1223
00:56:55,120 --> 00:56:56,359
Speaker 25: a bit years and have the.

1224
00:56:58,040 --> 00:56:59,600
Speaker 3: What was the Brendan's.

1225
00:57:00,719 --> 00:57:03,400
Speaker 4: What was Brendan from New Zealand first called Bill philm.

1226
00:57:04,080 --> 00:57:07,839
Speaker 9: I can't remember, I do remember, Yeah, that's right, Yeah,

1227
00:57:07,880 --> 00:57:09,840
Speaker 9: that's right, I remember there was And also there was

1228
00:57:11,000 --> 00:57:14,200
Speaker 9: Alam and Kopu of course was the famous person sitting

1229
00:57:14,200 --> 00:57:17,760
Speaker 9: there supporting the nets there. So there's these people. None

1230
00:57:17,800 --> 00:57:20,160
Speaker 9: of them have survived, of course, they're all gone off

1231
00:57:20,760 --> 00:57:23,680
Speaker 9: into the into the Then.

1232
00:57:23,600 --> 00:57:27,480
Speaker 4: Brendan Horran Brand the karaoke guy. That's right.

1233
00:57:28,080 --> 00:57:30,840
Speaker 25: But but Darlene, it's like you were elected as a

1234
00:57:30,840 --> 00:57:33,680
Speaker 25: Green MP on a list you just happened to get in,

1235
00:57:33,720 --> 00:57:36,479
Speaker 25: and because people voted for the percentage that you happen

1236
00:57:36,520 --> 00:57:38,800
Speaker 25: to get in, it's you've got Oh.

1237
00:57:38,680 --> 00:57:40,560
Speaker 4: Are you one of those guys? Richard? Are you like

1238
00:57:40,640 --> 00:57:43,880
Speaker 4: all like whip the party? Well, not the party fall

1239
00:57:43,920 --> 00:57:46,080
Speaker 4: into line with the UK model.

1240
00:57:46,240 --> 00:57:49,920
Speaker 25: If it was about Darlene disagreement with policies, Yeah, but

1241
00:57:49,920 --> 00:57:54,640
Speaker 25: it's a disagreement on like how they got elected onto

1242
00:57:54,680 --> 00:57:56,880
Speaker 25: the list in the first place, and whether they lived

1243
00:57:57,040 --> 00:57:59,640
Speaker 25: or whatever. But I just I just think if you're

1244
00:57:59,640 --> 00:58:03,800
Speaker 25: elected as a group and you have a disagreement based

1245
00:58:03,840 --> 00:58:05,880
Speaker 25: on your candidacy, then you've got to go all.

1246
00:58:05,880 --> 00:58:07,240
Speaker 4: Right, I see where you're going with that. All right, guys,

1247
00:58:07,280 --> 00:58:08,360
Speaker 4: we'll take a break. We'll come back and have a

1248
00:58:08,400 --> 00:58:11,160
Speaker 4: chat about whether these ComCom recommendations are going to do

1249
00:58:11,240 --> 00:58:12,760
Speaker 4: anything to the banking sector at all.

1250
00:58:12,880 --> 00:58:17,440
Speaker 2: Sixteen too, The Huddle with New Zealand Southeby's International Realty

1251
00:58:17,640 --> 00:58:19,560
Speaker 2: Unparalleled Reach and Results.

1252
00:58:19,640 --> 00:58:22,040
Speaker 4: Back on the Huddle with Phil O'Riley and Richard Hill's Richard,

1253
00:58:22,080 --> 00:58:24,240
Speaker 4: what do you reckon of the banking recommendations. It is

1254
00:58:24,280 --> 00:58:26,160
Speaker 4: going to change competition in the sector.

1255
00:58:27,080 --> 00:58:29,080
Speaker 25: That remains to be seen. I think always these Commerce

1256
00:58:29,120 --> 00:58:31,680
Speaker 25: commission things are really good and they put forward really

1257
00:58:31,760 --> 00:58:36,520
Speaker 25: good I guess recommendations to government and governments always go sure,

1258
00:58:36,520 --> 00:58:38,880
Speaker 25: we have to do that, but whether it actually changes

1259
00:58:38,920 --> 00:58:41,240
Speaker 25: things like the supermarket stuff? Have we heard about that

1260
00:58:41,600 --> 00:58:44,040
Speaker 25: again since since he has all agreed to a few

1261
00:58:44,040 --> 00:58:46,040
Speaker 25: months ago. So I think there's some really good stuff

1262
00:58:46,040 --> 00:58:48,320
Speaker 25: in their open banking. Whether you can switch like power

1263
00:58:48,320 --> 00:58:51,200
Speaker 25: companies far easier, you know, that sort of thing.

1264
00:58:51,400 --> 00:58:53,720
Speaker 4: But see you make that point, but then nobody actually

1265
00:58:53,760 --> 00:58:55,800
Speaker 4: even switches their power companies even though it's easy, It

1266
00:58:55,840 --> 00:58:57,960
Speaker 4: doesn't mean we're going to do it, right. Yeah, that's true.

1267
00:58:58,000 --> 00:59:00,760
Speaker 25: I mean I think if the government see is that's great,

1268
00:59:00,800 --> 00:59:03,320
Speaker 25: but whether it actually can affect the market in the

1269
00:59:03,320 --> 00:59:04,840
Speaker 25: way they're saying, yeah.

1270
00:59:04,720 --> 00:59:08,160
Speaker 4: Sure, Phil, What is up with the subsession of keeping

1271
00:59:08,240 --> 00:59:10,520
Speaker 4: Kiwi Bank as one hundred percent key we owned. I

1272
00:59:10,560 --> 00:59:12,520
Speaker 4: don't want to put my money, Like if they floated it,

1273
00:59:12,720 --> 00:59:14,280
Speaker 4: I wouldn't put my money into it if there was

1274
00:59:14,320 --> 00:59:16,000
Speaker 4: some sort of restriction that I could only sell it

1275
00:59:16,000 --> 00:59:18,160
Speaker 4: to Richard because he's a Kiwi and not John over

1276
00:59:18,160 --> 00:59:19,080
Speaker 4: there because he's American.

1277
00:59:19,880 --> 00:59:22,720
Speaker 9: Yeah, that's right, there's a there's a silly political obsession

1278
00:59:22,760 --> 00:59:24,800
Speaker 9: with jail ownership of bank. What you need to do

1279
00:59:24,880 --> 00:59:27,640
Speaker 9: is probably partially listed in the same way you've partially

1280
00:59:27,640 --> 00:59:30,880
Speaker 9: listed the palnergy companies that just just get on with

1281
00:59:30,880 --> 00:59:34,680
Speaker 9: it and let them compete. But through the recapitalization and

1282
00:59:34,840 --> 00:59:37,040
Speaker 9: getting the biggest I think that's a sensible idea and

1283
00:59:37,080 --> 00:59:40,600
Speaker 9: hopefully they'll get there. But in terms of the open

1284
00:59:40,680 --> 00:59:42,440
Speaker 9: banking piece, I mean I was surprised to see how

1285
00:59:42,440 --> 00:59:45,480
Speaker 9: aggressive the government's response was, and with some serious aggression

1286
00:59:45,520 --> 00:59:48,560
Speaker 9: in the in the Minister of Finance's response today, and

1287
00:59:48,600 --> 00:59:50,680
Speaker 9: actually where where the action will be here There is

1288
00:59:50,720 --> 00:59:52,720
Speaker 9: not in changing your bank, you know, changing your west

1289
00:59:52,760 --> 00:59:57,160
Speaker 9: Baker as it actual little bitness monoline stuff, competition around

1290
00:59:57,240 --> 01:00:03,600
Speaker 9: overseas payments, around credit cards, around more certainty and more

1291
01:00:03,960 --> 01:00:06,480
Speaker 9: visibility around what your mortgage advice is being paid by

1292
01:00:06,520 --> 01:00:08,760
Speaker 9: the banks to make your recommendation. Yeah, so it won't

1293
01:00:08,760 --> 01:00:10,800
Speaker 9: actually be do I change west Bac to a Z.

1294
01:00:11,360 --> 01:00:14,960
Speaker 9: It'll be about can I actually abandon the high cost

1295
01:00:15,560 --> 01:00:18,560
Speaker 9: model of sending money oversea through Westpac to go to

1296
01:00:18,600 --> 01:00:21,720
Speaker 9: say revolt that that's where I think the change will

1297
01:00:21,840 --> 01:00:23,640
Speaker 9: will come and it will take some of the high

1298
01:00:23,720 --> 01:00:26,480
Speaker 9: profit lines off the bank and force them to compete.

1299
01:00:26,560 --> 01:00:29,720
Speaker 9: So so you know, it's controversial Australia. This is they've

1300
01:00:29,720 --> 01:00:32,040
Speaker 9: tried it in Australia with a mixed success. So I

1301
01:00:32,120 --> 01:00:34,080
Speaker 9: think that's where the competition will come and that'll be

1302
01:00:34,120 --> 01:00:35,560
Speaker 9: a good thing because it will mean the bank's effort.

1303
01:00:36,040 --> 01:00:38,840
Speaker 4: Explain to me, Explain to me why the AGGRESSI from

1304
01:00:38,920 --> 01:00:41,040
Speaker 4: Nicolaalysis is not what you expect from a sin to

1305
01:00:41,080 --> 01:00:41,680
Speaker 4: write government.

1306
01:00:42,440 --> 01:00:44,480
Speaker 9: Oh, I know, because what they what they are is

1307
01:00:45,200 --> 01:00:47,120
Speaker 9: that people can make the mistake of thinking this government's

1308
01:00:47,320 --> 01:00:51,440
Speaker 9: business actually the pro competition because they're pretty traditional about this.

1309
01:00:51,600 --> 01:00:54,200
Speaker 9: They take view that government should be out of the way,

1310
01:00:54,320 --> 01:00:57,040
Speaker 9: that government should regulate properly and so on. So they're

1311
01:00:57,040 --> 01:00:58,640
Speaker 9: not saying, hey, listen, we just want to scratch the

1312
01:00:58,680 --> 01:01:01,600
Speaker 9: bank the backs of the owned banks, the same that

1313
01:01:01,680 --> 01:01:03,120
Speaker 9: they say we don't want to scratch the banks of

1314
01:01:03,160 --> 01:01:07,440
Speaker 9: the banks of the super artists. They're saying we want competition,

1315
01:01:07,720 --> 01:01:11,120
Speaker 9: and they're wanting to really paint themselves as pro consumer,

1316
01:01:11,680 --> 01:01:13,840
Speaker 9: pro mum and dad, pro small business and so on,

1317
01:01:14,320 --> 01:01:17,360
Speaker 9: and you can't think of a better target than supermarkets

1318
01:01:17,400 --> 01:01:19,640
Speaker 9: and banks, and now, of course the energy companies have

1319
01:01:20,080 --> 01:01:22,440
Speaker 9: offered themselves up on a plate over the last few

1320
01:01:22,480 --> 01:01:24,440
Speaker 9: weeks on the same basis. So that's that's really what's

1321
01:01:24,480 --> 01:01:26,800
Speaker 9: going on here. It's pure, it's it's politics, but it's

1322
01:01:26,840 --> 01:01:28,880
Speaker 9: it's bigger than that. It's about trying to make sure

1323
01:01:28,920 --> 01:01:30,720
Speaker 9: you're a competition because that's a lot of the prices

1324
01:01:30,760 --> 01:01:31,919
Speaker 9: for Kiwis and that's what they're after.

1325
01:01:32,200 --> 01:01:34,080
Speaker 25: And that's why Nichola Willis came out on this, not

1326
01:01:34,240 --> 01:01:36,800
Speaker 25: Chris Luxon, because she is a very good communicator and

1327
01:01:36,880 --> 01:01:38,959
Speaker 25: she knows what the person on the street cares about

1328
01:01:39,000 --> 01:01:40,280
Speaker 25: and the way that they will hear it.

1329
01:01:40,520 --> 01:01:42,920
Speaker 4: Are you saying Chris doesn't He definitely doesn't know.

1330
01:01:45,480 --> 01:01:46,800
Speaker 9: You used to run used to run a monopoly.

1331
01:01:48,720 --> 01:01:50,560
Speaker 4: Why do you say this, Richard, with such conviction?

1332
01:01:51,040 --> 01:01:52,800
Speaker 3: Because we see it time and time and again.

1333
01:01:52,880 --> 01:01:55,720
Speaker 4: Ye, yes, yes, yes, speaking of which, actually no, I

1334
01:01:55,760 --> 01:01:57,560
Speaker 4: don't want to talk about Chris Luxon anymore. I want

1335
01:01:57,560 --> 01:01:59,560
Speaker 4: to talk about Carmela Harris. Is the hype going to

1336
01:01:59,640 --> 01:02:00,320
Speaker 4: last to know November?

1337
01:02:00,400 --> 01:02:04,280
Speaker 25: Richard, Look, I think they shouldn't kid themselves and rest

1338
01:02:04,320 --> 01:02:06,120
Speaker 25: on their laurels and every vote counts and they need

1339
01:02:06,160 --> 01:02:07,880
Speaker 25: to get it out. But you've got to say with

1340
01:02:08,040 --> 01:02:11,240
Speaker 25: more money, more happiness, people feeling like, Wow, there's someone dynamic.

1341
01:02:11,280 --> 01:02:12,720
Speaker 25: I think I was sitting here a few weeks ago,

1342
01:02:12,840 --> 01:02:16,320
Speaker 25: going he's Biden's got to go. I think it won't

1343
01:02:16,720 --> 01:02:18,960
Speaker 25: last as and they just sit back and let the

1344
01:02:19,040 --> 01:02:20,800
Speaker 25: votes roll, and they will have to work hard in

1345
01:02:20,840 --> 01:02:25,040
Speaker 25: those swing states. But I think it is They're in

1346
01:02:25,120 --> 01:02:27,920
Speaker 25: a much much better position and Trump seems to just

1347
01:02:28,200 --> 01:02:29,040
Speaker 25: not know what to do.

1348
01:02:30,480 --> 01:02:32,600
Speaker 4: It's going to blow up. Yeah, what do you reckon? Feel?

1349
01:02:32,640 --> 01:02:35,800
Speaker 4: Because because the momentum, like the question is, does the

1350
01:02:35,880 --> 01:02:38,720
Speaker 4: momentum last or does it stop? When she starts doing

1351
01:02:38,840 --> 01:02:41,680
Speaker 4: interviews and debates and people get to listen to her.

1352
01:02:41,600 --> 01:02:44,920
Speaker 9: Too much, I agree that is the time. That's the

1353
01:02:45,000 --> 01:02:47,960
Speaker 9: time when when decisions will start to be made, when

1354
01:02:48,000 --> 01:02:50,280
Speaker 9: the heat of the campaign comes on her. Because the

1355
01:02:50,360 --> 01:02:52,720
Speaker 9: media in the US interviewing here would be a bit

1356
01:02:52,760 --> 01:02:55,560
Speaker 9: harder than the media in New Zealand was interviewing Cinder

1357
01:02:55,680 --> 01:02:59,120
Speaker 9: doing whoever what sort of compares her to? Yeah, but

1358
01:02:59,280 --> 01:03:01,320
Speaker 9: because she's got a platform, because he's going to have

1359
01:03:01,400 --> 01:03:05,000
Speaker 9: this uncritical media introduction over the next few days during

1360
01:03:05,000 --> 01:03:07,880
Speaker 9: the Democratic National Convention, just as Trump did during the

1361
01:03:07,920 --> 01:03:09,520
Speaker 9: Republican one. So she's going to be able to set

1362
01:03:09,560 --> 01:03:12,080
Speaker 9: out his store. And if I was her advisers, I'd

1363
01:03:12,120 --> 01:03:15,800
Speaker 9: be saying, don't don't talk policy, talk hope, talk, talk

1364
01:03:15,960 --> 01:03:18,240
Speaker 9: fine things, you know, try and stay away from the

1365
01:03:18,280 --> 01:03:20,760
Speaker 9: bear pit that Trump will be trying to get her into.

1366
01:03:20,840 --> 01:03:23,360
Speaker 9: That's the best way for her to colected. Because I'm

1367
01:03:23,400 --> 01:03:25,360
Speaker 9: a personal view, I don't I don't think she's actually

1368
01:03:26,040 --> 01:03:28,480
Speaker 9: necessarily the best present of the US will ever have.

1369
01:03:29,200 --> 01:03:30,600
Speaker 9: But if it was down to meet a peck, I'd

1370
01:03:30,640 --> 01:03:33,720
Speaker 9: p here over Trump any day, because he's leading. It

1371
01:03:33,880 --> 01:03:36,360
Speaker 9: better for New Zealand's interests because well, she's likely to

1372
01:03:36,360 --> 01:03:38,800
Speaker 9: be able, not that she's not a protectionist, but you'll

1373
01:03:38,840 --> 01:03:40,360
Speaker 9: be more predictable. We're be able to work with her

1374
01:03:40,360 --> 01:03:42,320
Speaker 9: a little bit easier, I think than than with a

1375
01:03:42,360 --> 01:03:45,160
Speaker 9: Trump White. So that's purely personal view that I think,

1376
01:03:45,520 --> 01:03:47,680
Speaker 9: you know she's she's going to be better for New Zealand,

1377
01:03:47,760 --> 01:03:50,920
Speaker 9: So that context only. Then let's hope she gets up.

1378
01:03:51,120 --> 01:03:52,560
Speaker 4: Guys, good to talk to you. Thank you so much

1379
01:03:52,560 --> 01:03:54,200
Speaker 4: for pair of you. That's Richard Hills and fellow RILEI

1380
01:03:54,240 --> 01:03:57,120
Speaker 4: a huddle this evening seven away from six, on your.

1381
01:03:57,080 --> 01:03:59,680
Speaker 2: Smart speaker, on the iHeart app, and in your car

1382
01:04:00,080 --> 01:04:04,000
Speaker 2: you drive home. Heather Duplicy Allan drive with One New

1383
01:04:04,080 --> 01:04:09,360
Speaker 2: Zealand one giant leap for Business News Talk Zibbi Darlene Tana.

1384
01:04:09,480 --> 01:04:11,480
Speaker 4: No one wants her there. Hi, Heather, what a waffling

1385
01:04:11,560 --> 01:04:13,360
Speaker 4: crock of rubbish. It's time for her to go. That's

1386
01:04:13,360 --> 01:04:15,800
Speaker 4: from Tony Heather. She's held in the same esteem as

1387
01:04:15,840 --> 01:04:18,160
Speaker 4: an Aussie breakdowns at the Olympics. She needs to go

1388
01:04:18,280 --> 01:04:20,680
Speaker 4: here the dear God, this woman's on the taxpayer's payroll.

1389
01:04:21,240 --> 01:04:23,200
Speaker 4: Just get at Doune Green's get rid of her. That's

1390
01:04:23,240 --> 01:04:25,960
Speaker 4: from Karenhither. She's just full of pot here. She has

1391
01:04:26,000 --> 01:04:28,160
Speaker 4: no mandate or electorate to How can she justify being

1392
01:04:28,200 --> 01:04:32,000
Speaker 4: paid as representative in parliament? Timbo, she's doing the muhhy.

1393
01:04:32,920 --> 01:04:36,040
Speaker 4: She as doing the mahy. I know you're gonna ask

1394
01:04:36,120 --> 01:04:37,560
Speaker 4: me what mahe what?

1395
01:04:39,600 --> 01:04:39,720
Speaker 14: Oh?

1396
01:04:39,840 --> 01:04:43,640
Speaker 4: That sorry, Laura, Laura has corrected me. Laura, you're not

1397
01:04:43,680 --> 01:04:46,120
Speaker 4: supposed to correct somebody that. I'm just trying. Yeah, well

1398
01:04:46,160 --> 01:04:47,880
Speaker 4: I got corrected, now, didn't I Now you've heard that

1399
01:04:47,920 --> 01:04:50,120
Speaker 4: I got corrected, So anyway, they are doing the muhy,

1400
01:04:50,360 --> 01:04:52,400
Speaker 4: they are doing the muhhy, And now you're gonna ask

1401
01:04:52,480 --> 01:04:54,520
Speaker 4: me what mahi are they doing? And I'm gonna tell

1402
01:04:54,520 --> 01:04:57,760
Speaker 4: you what a may I don't really know. And at

1403
01:04:57,760 --> 01:04:58,880
Speaker 4: that point I was like, oh.

1404
01:04:58,880 --> 01:04:59,800
Speaker 9: Not boring.

1405
01:05:00,040 --> 01:05:01,440
Speaker 4: I don't even want to know anymore. So I just

1406
01:05:01,480 --> 01:05:03,720
Speaker 4: tapped right out, I don't care. It's got something to

1407
01:05:03,760 --> 01:05:06,800
Speaker 4: do with water anyway. They've made themselves a water spokesperson,

1408
01:05:07,120 --> 01:05:09,000
Speaker 4: and now you don't care either, and we definitely want

1409
01:05:09,000 --> 01:05:11,200
Speaker 4: to get rid of them. Hey, yesterday, I remember how

1410
01:05:11,240 --> 01:05:13,320
Speaker 4: I told you that the Rural Banking inquiry, the terms

1411
01:05:13,320 --> 01:05:14,960
Speaker 4: of reference came out and they're going to look at

1412
01:05:15,960 --> 01:05:18,400
Speaker 4: what is going on with the bank's climate commitments and

1413
01:05:18,480 --> 01:05:21,280
Speaker 4: where the banks are now not lending to farmers because

1414
01:05:21,320 --> 01:05:23,280
Speaker 4: they want to keep emissions down and you know, cows

1415
01:05:23,320 --> 01:05:25,840
Speaker 4: have emissions and that's not convenient. Jamie McKay is going

1416
01:05:25,920 --> 01:05:27,920
Speaker 4: to be with us just before half past six. I'm

1417
01:05:27,960 --> 01:05:29,440
Speaker 4: going to ask him about that, because I don't know

1418
01:05:29,520 --> 01:05:31,840
Speaker 4: that he's going to love that. Here's a little limb,

1419
01:05:32,000 --> 01:05:33,840
Speaker 4: here's a little piece of gossip for you. He doesn't

1420
01:05:33,880 --> 01:05:37,000
Speaker 4: love that. Apparently the Queen didn't like Trump very much.

1421
01:05:37,880 --> 01:05:40,320
Speaker 4: What a surprise. There's a new book that's out. It's

1422
01:05:40,360 --> 01:05:42,600
Speaker 4: being serialized in the Daily Mail at the moment, and

1423
01:05:42,680 --> 01:05:46,040
Speaker 4: it says a few weeks after President Trump's visit, she

1424
01:05:46,240 --> 01:05:49,000
Speaker 4: confided she being the Queen in one lunch guest, that

1425
01:05:49,080 --> 01:05:52,320
Speaker 4: she found him very rude, and she particularly disliked the

1426
01:05:52,360 --> 01:05:54,480
Speaker 4: way that he couldn't stop looking over her shoulder, as

1427
01:05:54,600 --> 01:05:57,440
Speaker 4: though there was as though in search of others more interesting,

1428
01:05:58,720 --> 01:06:02,440
Speaker 4: who is more interesting than the Queen? Like it's the

1429
01:06:02,720 --> 01:06:06,640
Speaker 4: Queen mate, who is more anyway? Trump? She also believed

1430
01:06:06,680 --> 01:06:09,760
Speaker 4: President Trump must have some sort of arrangement with his

1431
01:06:09,880 --> 01:06:14,000
Speaker 4: wife Millennia, or why else would they have remarried? Why

1432
01:06:14,080 --> 01:06:16,960
Speaker 4: else would she have remained married to him. I think

1433
01:06:17,000 --> 01:06:19,720
Speaker 4: we've all had that thought, haven't we. There's some sort

1434
01:06:19,760 --> 01:06:21,600
Speaker 4: of financial thing going on there, because I am no

1435
01:06:21,680 --> 01:06:24,840
Speaker 4: one else going on there. Very hard for Trumpy, I imagine,

1436
01:06:24,880 --> 01:06:27,840
Speaker 4: to read this, because he loved the Queen, and I

1437
01:06:27,920 --> 01:06:29,440
Speaker 4: think he might have at one stage said that he

1438
01:06:29,560 --> 01:06:31,560
Speaker 4: was probably the best guest she ever had. Anyway. The

1439
01:06:31,560 --> 01:06:35,520
Speaker 4: Booker's Voyage Around the Queen by Craig Brown, You're welcome

1440
01:06:35,560 --> 01:06:38,520
Speaker 4: for that bit of gossip. Mercury Energy's boss with us next.

1441
01:06:45,480 --> 01:06:48,160
Speaker 2: Keeping track of where the money is flowing with the

1442
01:06:48,400 --> 01:06:51,800
Speaker 2: business hour with him, the duplicy Ellen and my Hr

1443
01:06:52,160 --> 01:06:53,120
Speaker 2: on news talks.

1444
01:06:52,920 --> 01:06:53,160
Speaker 21: At me.

1445
01:06:56,440 --> 01:06:58,560
Speaker 4: Even in coming up for the next hour. Brad Olsen

1446
01:06:58,640 --> 01:07:01,800
Speaker 4: on that sledging from Adrian All last week. Jamie McKay

1447
01:07:01,880 --> 01:07:03,720
Speaker 4: on whether the banks are cutting off farmers because of

1448
01:07:03,760 --> 01:07:06,280
Speaker 4: the climate is it true? And Paul Bloxham on whether

1449
01:07:06,400 --> 01:07:09,600
Speaker 4: he sees the ocr hitting three point twenty five percent

1450
01:07:09,720 --> 01:07:13,400
Speaker 4: as well. Seven past six Now a second major electricity

1451
01:07:13,600 --> 01:07:15,960
Speaker 4: gen Taylor, in just two days has posted a massive

1452
01:07:16,000 --> 01:07:19,560
Speaker 4: profit increase. It was contact yet yesterday. Today it's Mercury

1453
01:07:19,720 --> 01:07:21,800
Speaker 4: Energy reporting a net profit of two hundred and ninety

1454
01:07:21,840 --> 01:07:23,720
Speaker 4: million dollars for the year to June. That is up

1455
01:07:24,080 --> 01:07:26,840
Speaker 4: one hundred and fifty nine percent on last year. Vince

1456
01:07:26,960 --> 01:07:30,320
Speaker 4: Hawkesworth is Mercury Energy's chief executive and with.

1457
01:07:30,440 --> 01:07:33,240
Speaker 9: Us now have Vince Cia Heather.

1458
01:07:33,600 --> 01:07:35,720
Speaker 4: You have to admit the timings were awkward, isn't it.

1459
01:07:37,480 --> 01:07:40,920
Speaker 9: Look? But the important thing to understand is that net

1460
01:07:41,080 --> 01:07:45,480
Speaker 9: profit is an accounting issue about the way you measure

1461
01:07:46,040 --> 01:07:49,760
Speaker 9: financial derivatives. If you look at the cash or something

1462
01:07:50,240 --> 01:07:55,480
Speaker 9: closer to cash earnings before interest appreciation, and amortization that

1463
01:07:55,720 --> 01:07:58,680
Speaker 9: was up four percent, which reflects the underlying performance of

1464
01:07:58,720 --> 01:07:59,160
Speaker 9: the business.

1465
01:07:59,480 --> 01:08:05,440
Speaker 4: Okay, are you profiteering like Shane? You're obviously going to

1466
01:08:05,520 --> 01:08:07,640
Speaker 4: say no. Well, what do you then make of what

1467
01:08:07,760 --> 01:08:08,560
Speaker 4: Shane Joan said?

1468
01:08:10,320 --> 01:08:13,120
Speaker 9: Oh, look, I'm not a politician. I just run an

1469
01:08:13,760 --> 01:08:19,160
Speaker 9: energy company. We are not profiteering, you know if you

1470
01:08:19,240 --> 01:08:21,519
Speaker 9: look at today's result, and yes, it was a very

1471
01:08:21,560 --> 01:08:24,160
Speaker 9: good result on the back of quite a bit of

1472
01:08:24,240 --> 01:08:27,280
Speaker 9: new investment in our business. But at the same time

1473
01:08:27,520 --> 01:08:31,320
Speaker 9: we also signaled that the year that we're in, the

1474
01:08:31,400 --> 01:08:34,400
Speaker 9: year that we'll report this time next year, at this stage,

1475
01:08:34,439 --> 01:08:39,880
Speaker 9: our guidance is down fifty seven million dollars, and that's

1476
01:08:40,040 --> 01:08:44,160
Speaker 9: because we have also seen the effects of very dry

1477
01:08:44,240 --> 01:08:49,120
Speaker 9: weather on our hydro system and the prices that come

1478
01:08:49,320 --> 01:08:53,320
Speaker 9: from the gas situation we've been in. So those spot

1479
01:08:53,439 --> 01:08:59,719
Speaker 9: prices that everyone talks about are really impact generators generally,

1480
01:08:59,800 --> 01:09:01,720
Speaker 9: be as we buy and sell in the spot in

1481
01:09:01,880 --> 01:09:06,880
Speaker 9: order to supply our customers, and over ninety eight percent

1482
01:09:07,000 --> 01:09:10,120
Speaker 9: of the volume we sell to customers is at fixed

1483
01:09:10,160 --> 01:09:13,759
Speaker 9: prices and not affected by that spot price.

1484
01:09:14,439 --> 01:09:15,320
Speaker 4: Is it going to change that.

1485
01:09:17,560 --> 01:09:22,679
Speaker 9: Spot prices won't have an impact on our pricing.

1486
01:09:22,920 --> 01:09:24,880
Speaker 4: No, no, no, But I mean are you continuing to

1487
01:09:24,960 --> 01:09:26,120
Speaker 4: offer gas contracts?

1488
01:09:27,160 --> 01:09:31,160
Speaker 9: We we actually have gas customers, we continue to supply.

1489
01:09:31,280 --> 01:09:35,400
Speaker 9: We can't we can't actually get gas contracts ourselves to

1490
01:09:35,520 --> 01:09:38,760
Speaker 9: back that, and so, but we continue to supply our

1491
01:09:38,920 --> 01:09:42,960
Speaker 9: gas customers and buy off the gas spot market to

1492
01:09:43,040 --> 01:09:47,839
Speaker 9: supply them. You know, the gas situation is very troubling

1493
01:09:47,880 --> 01:09:52,200
Speaker 9: for everybody, I think, but we won't be. But we

1494
01:09:52,280 --> 01:09:56,479
Speaker 9: won't be dropping our customers just because of that. That's

1495
01:09:56,520 --> 01:09:57,760
Speaker 9: our job to keep supplying them.

1496
01:09:57,880 --> 01:09:59,600
Speaker 4: Do you reckon the government has got the appetite to

1497
01:09:59,600 --> 01:10:01,559
Speaker 4: break out the Generation and retail ons.

1498
01:10:03,640 --> 01:10:08,280
Speaker 9: Well, that's a pretty political question. I don't. I'd like

1499
01:10:08,360 --> 01:10:11,519
Speaker 9: to understand, like what we think the impact of that

1500
01:10:11,720 --> 01:10:16,679
Speaker 9: would be the Gen Taylor's as we're called, and certainly

1501
01:10:16,760 --> 01:10:22,240
Speaker 9: Mercury have been investing significant amount of money in New Generation,

1502
01:10:22,400 --> 01:10:26,840
Speaker 9: will continue to do that, I think. You know, the

1503
01:10:27,479 --> 01:10:30,920
Speaker 9: market reforms that led to this have served New Zealand

1504
01:10:31,000 --> 01:10:34,800
Speaker 9: incredibly Well, I'm old enough to remember nineteen ninety two

1505
01:10:34,920 --> 01:10:39,719
Speaker 9: and when with hydrology like this, we we saw blackouts

1506
01:10:39,760 --> 01:10:43,280
Speaker 9: and brown outs. You know, if you want to look

1507
01:10:43,320 --> 01:10:46,680
Speaker 9: at the hierarchy of things, clearly keeping the lights on

1508
01:10:46,920 --> 01:10:51,960
Speaker 9: is number one. The price that customers pay has to

1509
01:10:52,040 --> 01:10:54,960
Speaker 9: be number two. And we can do both of those

1510
01:10:55,040 --> 01:10:58,200
Speaker 9: things and be more renewable. We have to stay the distance.

1511
01:10:58,280 --> 01:11:00,000
Speaker 4: How much money of you guys putting into new general

1512
01:11:00,280 --> 01:11:02,840
Speaker 4: at the moment? Have you got anything that you're building

1513
01:11:02,920 --> 01:11:03,760
Speaker 4: at the minute.

1514
01:11:04,120 --> 01:11:07,080
Speaker 9: Yes, we have. We've currently I mean if you look

1515
01:11:07,080 --> 01:11:09,719
Speaker 9: at the year just gone, we've put forty two percent

1516
01:11:09,800 --> 01:11:15,360
Speaker 9: of that EBIT but into new projects. Over the past

1517
01:11:17,080 --> 01:11:19,639
Speaker 9: two years we spent nearly six hundred million on two

1518
01:11:19,720 --> 01:11:24,240
Speaker 9: projects that represented about two point four percent national demand.

1519
01:11:24,320 --> 01:11:28,479
Speaker 9: That was and this year we have spent or are

1520
01:11:28,479 --> 01:11:31,920
Speaker 9: spending seven hundred million on two more projects, one year

1521
01:11:32,000 --> 01:11:35,720
Speaker 9: thermal in the Central North Island, one wind farm in

1522
01:11:35,840 --> 01:11:39,120
Speaker 9: the South Island, and we expect to announce another project

1523
01:11:39,160 --> 01:11:42,799
Speaker 9: before Christmas that will take that total investment to around

1524
01:11:42,800 --> 01:11:43,679
Speaker 9: about a billion dollars.

1525
01:11:44,000 --> 01:11:46,439
Speaker 4: The geothermal and the wind farm are they online yet?

1526
01:11:48,040 --> 01:11:49,240
Speaker 9: No, No, they're under construction.

1527
01:11:49,320 --> 01:11:50,360
Speaker 4: When are they going to be online?

1528
01:11:51,960 --> 01:11:56,120
Speaker 9: So in the towards the back end of next year

1529
01:11:56,240 --> 01:11:59,880
Speaker 9: and then the mid to late of the just takes

1530
01:12:00,560 --> 01:12:02,760
Speaker 9: well yeah, yeah, I mean there are big they are

1531
01:12:02,800 --> 01:12:07,160
Speaker 9: big engineering tasks, but we have bought on six hundred

1532
01:12:07,200 --> 01:12:11,080
Speaker 9: million worth of generation in the last two years.

1533
01:12:12,320 --> 01:12:15,320
Speaker 4: Then when we roll over the prices that we pay

1534
01:12:15,439 --> 01:12:18,600
Speaker 4: as residential customers in April next year, what kind of

1535
01:12:18,680 --> 01:12:19,759
Speaker 4: increase should we expect.

1536
01:12:21,920 --> 01:12:25,920
Speaker 9: Look, we haven't done the analysis on what we think

1537
01:12:26,000 --> 01:12:30,360
Speaker 9: that we will charge customers, but the way we approach

1538
01:12:30,520 --> 01:12:31,920
Speaker 9: customer pricing is.

1539
01:12:33,280 --> 01:12:35,200
Speaker 4: It's going to be a lot. It's going to be

1540
01:12:35,240 --> 01:12:35,479
Speaker 4: a lot.

1541
01:12:36,360 --> 01:12:39,439
Speaker 9: Well, I mean a lot, like a big range of

1542
01:12:39,479 --> 01:12:42,760
Speaker 9: a number. But I would say that we pass through

1543
01:12:42,800 --> 01:12:47,200
Speaker 9: those direct costs like distribution and transmission and all of

1544
01:12:47,280 --> 01:12:51,320
Speaker 9: those things as we receive them, and we certainly won't

1545
01:12:51,360 --> 01:12:53,960
Speaker 9: be thinking about the sorts of prices we see in

1546
01:12:53,960 --> 01:12:57,000
Speaker 9: the spot market. As I said, the spot price is

1547
01:12:57,240 --> 01:13:00,680
Speaker 9: a way of allocating the fuel resources, whether that's and

1548
01:13:00,920 --> 01:13:02,280
Speaker 9: is not faced by customers.

1549
01:13:02,400 --> 01:13:04,160
Speaker 4: All right, Vince, thank you very much for talking through

1550
01:13:04,400 --> 01:13:06,000
Speaker 4: us through it. I really appreciate its. Vince talks with

1551
01:13:06,400 --> 01:13:10,000
Speaker 4: Mercury Energy's chief executive KMD Brands. These are the guys

1552
01:13:10,040 --> 01:13:11,840
Speaker 4: who owned Catmandu and rip Cool. They had a pretty

1553
01:13:11,840 --> 01:13:14,679
Speaker 4: good day on the Interdex today. Actually reported a five

1554
01:13:14,720 --> 01:13:18,160
Speaker 4: percent drop in final quarter sales, but the shares climbed.

1555
01:13:18,160 --> 01:13:20,640
Speaker 4: They bumped up initially like twelve percent can make a

1556
01:13:20,680 --> 01:13:23,240
Speaker 4: little bit settled, a little bit down later on, but

1557
01:13:23,360 --> 01:13:25,200
Speaker 4: it was still up on the start of the day.

1558
01:13:25,200 --> 01:13:27,280
Speaker 4: And the reason for that is basically the outlook. Because

1559
01:13:27,400 --> 01:13:31,439
Speaker 4: kmd's saying sales are improving and the expectations for retailers

1560
01:13:31,439 --> 01:13:34,880
Speaker 4: are now so low everybody's expecting them to do terribly

1561
01:13:34,920 --> 01:13:37,720
Speaker 4: that when there's any good news, it's really good news.

1562
01:13:38,040 --> 01:13:39,080
Speaker 4: Fourteen past six.

1563
01:13:39,760 --> 01:13:43,280
Speaker 1: Crunching the numbers and getting the results. It's Heather Duplice

1564
01:13:43,400 --> 01:13:45,040
Speaker 1: Ellen with the Business.

1565
01:13:44,800 --> 01:13:48,280
Speaker 2: Hours thanks to my HR, the HR platform for SME

1566
01:13:48,560 --> 01:13:50,320
Speaker 2: on newstalksb.

1567
01:13:50,280 --> 01:13:52,600
Speaker 4: Hea the BS. Shane Jones is absolutely right. Listen to

1568
01:13:52,680 --> 01:13:55,160
Speaker 4: this guy spoken like a true politician. Hither you electricity

1569
01:13:55,200 --> 01:13:57,960
Speaker 4: man should be a politician. The way he answered those questions, Ah,

1570
01:13:58,040 --> 01:13:59,640
Speaker 4: the part that he avoided was they still make a

1571
01:13:59,720 --> 01:14:02,000
Speaker 4: vast profit after all of the Expenditureheather, the guy from

1572
01:14:02,040 --> 01:14:03,240
Speaker 4: Mercury is not a politician.

1573
01:14:03,320 --> 01:14:03,680
Speaker 21: Ha ha ha.

1574
01:14:03,960 --> 01:14:06,240
Speaker 4: All he did was all he said was polly speak,

1575
01:14:06,280 --> 01:14:08,280
Speaker 4: what a joke. I'll tell you what. Just judging by

1576
01:14:08,360 --> 01:14:10,280
Speaker 4: what's going on in the text machine, if the government's

1577
01:14:10,600 --> 01:14:12,680
Speaker 4: decided thinking at the moment about whether it wants to

1578
01:14:12,720 --> 01:14:15,280
Speaker 4: have a crack at any other sector for competition, like

1579
01:14:15,320 --> 01:14:18,760
Speaker 4: Phil O'Riley was suggesting before. The energy sector I think

1580
01:14:18,880 --> 01:14:21,280
Speaker 4: is going to be very popular seventeen past six.

1581
01:14:21,760 --> 01:14:25,599
Speaker 2: Whether it's macro, MicroB or just playing economics. It's all

1582
01:14:25,720 --> 01:14:28,200
Speaker 2: on the Business Hour with Heather Duplicy.

1583
01:14:27,880 --> 01:14:32,200
Speaker 1: Allen and my HR. The HR platform for sme ustalks'd

1584
01:14:32,240 --> 01:14:32,880
Speaker 1: be by the way.

1585
01:14:32,960 --> 01:14:35,160
Speaker 4: Also missing after that yacht sank off the coast of

1586
01:14:35,240 --> 01:14:39,040
Speaker 4: Sicily is the chair of Morgan Stanley International Chap called

1587
01:14:39,080 --> 01:14:41,639
Speaker 4: Jonathan Bloomer. He's one of six people still missing. Ander

1588
01:14:41,680 --> 01:14:43,400
Speaker 4: Brady is all over this. He's going to be with

1589
01:14:43,520 --> 01:14:45,720
Speaker 4: us in just under half an hour's time now. The

1590
01:14:45,800 --> 01:14:48,400
Speaker 4: Real Estate Institute reckons there are green shoots in the

1591
01:14:48,479 --> 01:14:51,519
Speaker 4: housing market. Although prices in July were down two point

1592
01:14:51,560 --> 01:14:53,519
Speaker 4: two percent from a year ago, the number of properties

1593
01:14:53,520 --> 01:14:56,479
Speaker 4: sold actually jumped almost fifteen percent in the year. Brad

1594
01:14:56,520 --> 01:14:59,960
Speaker 4: Olson is Info Metrics principal economist A Brad Good hitneck.

1595
01:15:00,040 --> 01:15:02,120
Speaker 4: Did you hear the sledging from Adrian or towards you

1596
01:15:02,240 --> 01:15:02,679
Speaker 4: last week?

1597
01:15:03,920 --> 01:15:04,080
Speaker 1: Oh?

1598
01:15:04,280 --> 01:15:07,120
Speaker 22: I've heard various views being put out across what the

1599
01:15:07,200 --> 01:15:09,519
Speaker 22: bank may or may not have done with cutting with

1600
01:15:09,600 --> 01:15:11,439
Speaker 22: a ord. It was U turns or not. I mean, look,

1601
01:15:11,479 --> 01:15:14,320
Speaker 22: I just stand by my point hither that that was

1602
01:15:14,360 --> 01:15:17,320
Speaker 22: a big swing in view to go from saying that

1603
01:15:17,520 --> 01:15:20,040
Speaker 22: things will interest rates might go up and certainly going

1604
01:15:20,080 --> 01:15:22,240
Speaker 22: to stay and hold another year to then three months

1605
01:15:22,360 --> 01:15:25,200
Speaker 22: later decide to go for a cut. Now, if the

1606
01:15:25,240 --> 01:15:27,960
Speaker 22: economy had changed marketed, I could understand that. But most

1607
01:15:28,000 --> 01:15:30,680
Speaker 22: of the high frequency data that we've been setting has

1608
01:15:30,800 --> 01:15:33,519
Speaker 22: continued to look bad through twenty twenty four. It didn't

1609
01:15:33,520 --> 01:15:34,840
Speaker 22: emerge just three months ago.

1610
01:15:35,479 --> 01:15:37,040
Speaker 4: What about him saying that he thinks that you need

1611
01:15:37,160 --> 01:15:39,280
Speaker 4: pictures to be drawn? Did it make you be angry

1612
01:15:39,360 --> 01:15:41,120
Speaker 4: or did you go, oh, that's just classic Adrian.

1613
01:15:42,320 --> 01:15:44,519
Speaker 22: Oh, look, that's not for me to comment. I have

1614
01:15:44,680 --> 01:15:46,759
Speaker 22: tried my artist not to make it personally genuinely.

1615
01:15:46,800 --> 01:15:47,519
Speaker 23: You don't think I have.

1616
01:15:48,240 --> 01:15:50,519
Speaker 22: If others want to try and make it that way,

1617
01:15:50,600 --> 01:15:52,360
Speaker 22: that's completely on them. But put it this way, I'm

1618
01:15:52,360 --> 01:15:55,200
Speaker 22: more than comfortable with calling a spade of spade has

1619
01:15:55,240 --> 01:15:58,280
Speaker 22: been going around forty years this year, you know, making

1620
01:15:58,320 --> 01:16:00,840
Speaker 22: sure that we're providing an independent rope us economic view,

1621
01:16:00,880 --> 01:16:01,840
Speaker 22: and we won't be changing that.

1622
01:16:01,920 --> 01:16:03,519
Speaker 4: Now, What do you reckon is going to happen from

1623
01:16:03,560 --> 01:16:05,640
Speaker 4: here on in is it going to be cut cut, cut, cut,

1624
01:16:05,720 --> 01:16:07,120
Speaker 4: cut at every single meeting.

1625
01:16:08,400 --> 01:16:09,439
Speaker 24: But that's what we're.

1626
01:16:09,320 --> 01:16:12,559
Speaker 22: Taking from the predictions at the moment. If the economic

1627
01:16:12,680 --> 01:16:15,960
Speaker 22: data comes in as expected, we'd be expecting cut every

1628
01:16:16,040 --> 01:16:18,519
Speaker 22: meeting until probably mid next year, and then the bank

1629
01:16:18,560 --> 01:16:20,160
Speaker 22: coft is probably take it a little bit more of

1630
01:16:20,240 --> 01:16:23,320
Speaker 22: a do they don't they? After that? Look, it's not

1631
01:16:23,439 --> 01:16:26,639
Speaker 22: able to rental possibility either here that the bank sides

1632
01:16:26,680 --> 01:16:28,519
Speaker 22: at the end of this year, come November, they might

1633
01:16:28,560 --> 01:16:30,680
Speaker 22: have to do a fifty paces point cut. They'll have

1634
01:16:30,840 --> 01:16:33,599
Speaker 22: three months, remember before they meet again in twenty twenty five,

1635
01:16:33,680 --> 01:16:35,559
Speaker 22: so they might want to sneak in an extra cut

1636
01:16:35,880 --> 01:16:36,880
Speaker 22: almost ahead of time.

1637
01:16:37,080 --> 01:16:38,519
Speaker 4: Yep, yep, yep. I think you might be on the

1638
01:16:38,600 --> 01:16:41,120
Speaker 4: money on that one. Listen, now, why is the housing

1639
01:16:41,240 --> 01:16:42,800
Speaker 4: market up at the moment? Is this and this is

1640
01:16:42,920 --> 01:16:45,679
Speaker 4: pre the cut? Is this because people started to see

1641
01:16:45,720 --> 01:16:46,320
Speaker 4: good signs?

1642
01:16:47,720 --> 01:16:49,400
Speaker 22: I think there's a few parts. So, I mean, one

1643
01:16:49,720 --> 01:16:52,240
Speaker 22: June was just sort of quite rubbish in terms of

1644
01:16:52,320 --> 01:16:55,600
Speaker 22: you you've seen sales jump up significantly in July in

1645
01:16:55,680 --> 01:16:57,599
Speaker 22: the housing market. Part of that was just because there

1646
01:16:57,680 --> 01:17:00,720
Speaker 22: wasn't a whole lot happening in June. If you look

1647
01:17:00,720 --> 01:17:02,280
Speaker 22: at them sort of over the last year or so,

1648
01:17:02,400 --> 01:17:05,120
Speaker 22: it's still pretty weak on all accounts. You can see

1649
01:17:05,160 --> 01:17:07,679
Speaker 22: that in house price growth as well, only zero point

1650
01:17:07,800 --> 01:17:10,719
Speaker 22: two percent over the last year, the slowest annual growth

1651
01:17:11,160 --> 01:17:13,720
Speaker 22: since November twenty twenty three. So it's not like there's

1652
01:17:13,760 --> 01:17:15,720
Speaker 22: a huge amount out there. You might be seeing some

1653
01:17:16,000 --> 01:17:18,679
Speaker 22: green shoots starting to be slen, but let's be clear

1654
01:17:18,760 --> 01:17:20,960
Speaker 22: that the ground is still pretty frozen underneath and we're

1655
01:17:21,000 --> 01:17:22,920
Speaker 22: not expecting it thaws out immediately.

1656
01:17:23,400 --> 01:17:25,600
Speaker 4: Brad, you mentioned it's forty years. It's forty years of

1657
01:17:25,680 --> 01:17:27,200
Speaker 4: infametrics today, isn't it.

1658
01:17:28,600 --> 01:17:30,840
Speaker 22: We are celebrating today. I mean, the business has been

1659
01:17:30,880 --> 01:17:33,479
Speaker 22: going a long time, starting in nineteen eighty four as

1660
01:17:33,520 --> 01:17:36,599
Speaker 22: the economy was really starting to go through some big

1661
01:17:36,720 --> 01:17:38,840
Speaker 22: economic ructions. We've sort of been there through it all

1662
01:17:38,880 --> 01:17:41,280
Speaker 22: and we're pretty excited to say that. You know, we've

1663
01:17:41,320 --> 01:17:43,640
Speaker 22: made the smilestone and we're looking forward to a lot more.

1664
01:17:43,840 --> 01:17:45,840
Speaker 4: Yeah, good stuff. Has You've got a party in Parliament tonight,

1665
01:17:45,920 --> 01:17:48,720
Speaker 4: so you've got the Finance Minister coming, Gareth.

1666
01:17:48,439 --> 01:17:52,599
Speaker 22: Morgan coming, Yes, Andded We've got Gareth coming along. We've

1667
01:17:52,640 --> 01:17:55,280
Speaker 22: got our team and a bunch of clients and supporters

1668
01:17:55,320 --> 01:17:57,160
Speaker 22: and similar not wanting it to be too big. We're

1669
01:17:57,200 --> 01:17:59,639
Speaker 22: economists after all, so we've got to be you know, conservative.

1670
01:17:59,680 --> 01:18:02,479
Speaker 22: We don't want to try and reinflate you know, the

1671
01:18:02,560 --> 01:18:03,879
Speaker 22: inflationary pressures again.

1672
01:18:03,760 --> 01:18:06,679
Speaker 4: So keeping it sort of reserve, Adrian coming.

1673
01:18:08,320 --> 01:18:10,400
Speaker 22: We have not got the Rezero Bank governor in attendance.

1674
01:18:10,439 --> 01:18:13,680
Speaker 22: We have invited the chief economists, but unfortunately they're not

1675
01:18:13,760 --> 01:18:14,439
Speaker 22: able to make.

1676
01:18:14,320 --> 01:18:19,559
Speaker 4: It other commitments like washing their hair tonight, Brad, thank

1677
01:18:19,600 --> 01:18:22,080
Speaker 4: you very much, really appreciate it, Brad Olson. Informetrics principle

1678
01:18:22,120 --> 01:18:26,880
Speaker 4: economist Jamie McKay's next six to twenty one the rural

1679
01:18:27,000 --> 01:18:32,120
Speaker 4: Report on Heather do for see Allan Drive Heather Windstone.

1680
01:18:32,280 --> 01:18:33,880
Speaker 4: These are the pulp guys is owned by a very

1681
01:18:33,920 --> 01:18:36,479
Speaker 4: wealthy Malaysian family. Why should the taxpayer boil them out?

1682
01:18:36,520 --> 01:18:37,880
Speaker 4: And for how long and how much money? I think

1683
01:18:37,880 --> 01:18:39,960
Speaker 4: it's bad for New Zealand if they close, But the

1684
01:18:40,000 --> 01:18:42,960
Speaker 4: taxpayers are not a charity. And if they bail out Winstone,

1685
01:18:43,000 --> 01:18:44,200
Speaker 4: who else should expect.

1686
01:18:43,920 --> 01:18:44,240
Speaker 7: To hand out?

1687
01:18:44,280 --> 01:18:46,519
Speaker 4: Couldn't agree more. If the wealthy Malaysian family has had

1688
01:18:46,560 --> 01:18:49,320
Speaker 4: a look at the electricity prices and decided they cannot

1689
01:18:49,360 --> 01:18:52,120
Speaker 4: make the pulp mills work, then the taxpayers cannot make

1690
01:18:52,120 --> 01:18:54,040
Speaker 4: the pulp mills and the saw mills work, and then

1691
01:18:54,040 --> 01:18:55,880
Speaker 4: we'll just be throwing good money after bad Right, that's

1692
01:18:55,920 --> 01:18:59,320
Speaker 4: a terrible idea. Thanks for that. Six twenty four Jamie McKay,

1693
01:18:59,520 --> 01:19:02,559
Speaker 4: Host of the Country. Hi, Jamie, goet I Heather. Hey, Jamie,

1694
01:19:02,640 --> 01:19:04,880
Speaker 4: did you see yesterday the terms of inquiry for that

1695
01:19:05,000 --> 01:19:07,720
Speaker 4: rural banking inquiry was released and they are going to

1696
01:19:07,800 --> 01:19:10,479
Speaker 4: be looking at the climate obligations the banks have signed

1697
01:19:10,560 --> 01:19:10,720
Speaker 4: up to.

1698
01:19:11,680 --> 01:19:13,519
Speaker 21: Yeah, well, I reckon. The banks need to keep their

1699
01:19:13,600 --> 01:19:15,479
Speaker 21: nose out of this, to be perfectly honest, and I

1700
01:19:15,600 --> 01:19:19,240
Speaker 21: know that they're offering discounts for people who might meet

1701
01:19:19,360 --> 01:19:23,559
Speaker 21: certain criteria are likewise adding risk margins to people who don't.

1702
01:19:23,840 --> 01:19:25,879
Speaker 21: To be honest, I think it's the role of the government,

1703
01:19:26,000 --> 01:19:28,360
Speaker 21: not the banks, to do that. The banks should lend money,

1704
01:19:28,640 --> 01:19:30,639
Speaker 21: and if people can pay it back, they should lend

1705
01:19:30,720 --> 01:19:33,560
Speaker 21: it to them at the most competitive rate possible. And

1706
01:19:33,600 --> 01:19:35,840
Speaker 21: I'd say to you, Heather, and I say to any

1707
01:19:35,880 --> 01:19:38,479
Speaker 21: farmer listening out there, My email's Jamie at the Country

1708
01:19:38,520 --> 01:19:40,720
Speaker 21: dot co dot and said, if you're getting ripped off

1709
01:19:40,760 --> 01:19:43,160
Speaker 21: by your bank, send me an email, because I reckon

1710
01:19:43,240 --> 01:19:46,800
Speaker 21: farmers are getting you know, the short straw on this one.

1711
01:19:46,920 --> 01:19:49,160
Speaker 4: There'll be some yarns out there. Are you hearing though,

1712
01:19:49,240 --> 01:19:51,240
Speaker 4: what the farmers are saying, which is that they are

1713
01:19:51,320 --> 01:19:53,519
Speaker 4: not getting money lent to them because the banks don't

1714
01:19:53,560 --> 01:19:56,679
Speaker 4: want to lend to people who are grazing that many cattle.

1715
01:19:58,040 --> 01:20:00,920
Speaker 21: Oh yeah, Look, how going to pay the bills in

1716
01:20:00,960 --> 01:20:03,920
Speaker 21: this country if we don't keep lending to the primary sector,

1717
01:20:04,200 --> 01:20:08,160
Speaker 21: especially especially the live stock sector, and especially I know

1718
01:20:08,360 --> 01:20:11,680
Speaker 21: Greenpeace will hate this, especially the dairy sector. It's our

1719
01:20:11,720 --> 01:20:14,800
Speaker 21: biggest export earner. We're running out of money, We're running

1720
01:20:14,800 --> 01:20:17,400
Speaker 21: out of energy. For God's sake, we need to keep

1721
01:20:17,600 --> 01:20:18,920
Speaker 21: we need to stoke the home fires.

1722
01:20:19,160 --> 01:20:22,679
Speaker 4: Doing something wrong, Jamie, I feel like we're doing something wrong. Hey, listen,

1723
01:20:22,880 --> 01:20:25,120
Speaker 4: speaking of sheep and beef and stuff like that, I

1724
01:20:25,160 --> 01:20:27,800
Speaker 4: see the numbers of both sheep and cattle are coming back.

1725
01:20:28,880 --> 01:20:29,080
Speaker 9: Yeah.

1726
01:20:29,160 --> 01:20:31,760
Speaker 21: I mean, look, Heather, before you were even born in

1727
01:20:31,840 --> 01:20:34,800
Speaker 21: the nineteen sixties, well before you were born, actually, we

1728
01:20:34,960 --> 01:20:38,160
Speaker 21: used to have twenty sheep for every one kiwi. Now

1729
01:20:38,280 --> 01:20:41,360
Speaker 21: that ratio is down to four point four or four

1730
01:20:41,439 --> 01:20:44,920
Speaker 21: and a half for every kiwi. In the nineteen eighties,

1731
01:20:44,960 --> 01:20:48,400
Speaker 21: we had seventy million sheep in excess of seventy million sheep.

1732
01:20:48,760 --> 01:20:51,559
Speaker 21: Latest numbers out for the year ended thirtieth of June

1733
01:20:51,840 --> 01:20:56,240
Speaker 21: twenty twenty four, we've got just over twenty three million sheep.

1734
01:20:57,040 --> 01:20:59,880
Speaker 21: That's a third of what we used to have. Breading

1735
01:21:00,040 --> 01:21:03,599
Speaker 21: numbers are backed by nearly three percent. The number of lambs.

1736
01:21:03,720 --> 01:21:06,560
Speaker 21: The lamb crop that we're anticipating to land on the

1737
01:21:06,600 --> 01:21:10,080
Speaker 21: ground this spring is going to be down nearly five percent.

1738
01:21:10,479 --> 01:21:13,240
Speaker 21: Beef cattle numbers are down two point eight percent. Overall,

1739
01:21:13,320 --> 01:21:16,160
Speaker 21: that story is not as bad, though that's mostly driven

1740
01:21:16,280 --> 01:21:19,880
Speaker 21: by drought in the South Island. The full recovery of

1741
01:21:19,960 --> 01:21:22,760
Speaker 21: sheep numbers to pre drought levels is unlikely due to

1742
01:21:22,840 --> 01:21:26,559
Speaker 21: the ongoing land use change into carbon forestry. Yes it's

1743
01:21:26,560 --> 01:21:30,720
Speaker 21: still happening and just a straight forestry. Beef, however, may

1744
01:21:30,800 --> 01:21:34,400
Speaker 21: recover more quickly because beef prices compared to mutton and

1745
01:21:34,640 --> 01:21:38,240
Speaker 21: lamb have remained pretty strong and farmers have been switching

1746
01:21:38,320 --> 01:21:42,519
Speaker 21: from less profitable sheep production into beef production. But you know,

1747
01:21:43,439 --> 01:21:46,080
Speaker 21: I I threw the question at Kate Ackland from beef

1748
01:21:46,120 --> 01:21:48,519
Speaker 21: and lamb New Zealand today, are we going to get

1749
01:21:48,600 --> 01:21:50,600
Speaker 21: to such a low number that we haven't got the

1750
01:21:50,920 --> 01:21:53,640
Speaker 21: critical mass to make the industry worthwhile.

1751
01:21:54,439 --> 01:21:56,960
Speaker 4: Jamie, did you see that list, the government's list of

1752
01:21:57,000 --> 01:21:58,719
Speaker 4: all the good stuff they're doing for the farming sector.

1753
01:21:59,280 --> 01:22:01,320
Speaker 21: Yes, I took much glee and reading it out to

1754
01:22:01,479 --> 01:22:04,519
Speaker 21: Damien O'Connor on that show today. Well, well you know

1755
01:22:04,560 --> 01:22:09,439
Speaker 21: what Damien's like. He naturally naturally bristled. But to be

1756
01:22:09,600 --> 01:22:13,160
Speaker 21: fair to spand that he Walker Echinoa removed agriculture from

1757
01:22:13,200 --> 01:22:17,800
Speaker 21: the ETS common sense back to winter grazing stock regulations,

1758
01:22:18,040 --> 01:22:22,720
Speaker 21: an inquiry into rural banking, re start the process to

1759
01:22:22,800 --> 01:22:26,479
Speaker 21: replace the national policy for freshwater management, increase the number

1760
01:22:26,520 --> 01:22:29,519
Speaker 21: of RSC workers. To be honest, Heather and I sound

1761
01:22:29,640 --> 01:22:32,880
Speaker 21: like a cheerleader for the coalition government, but compared to

1762
01:22:32,960 --> 01:22:35,960
Speaker 21: the last lot, what is there not to like from

1763
01:22:36,000 --> 01:22:37,000
Speaker 21: a farmer's point of view?

1764
01:22:37,240 --> 01:22:39,280
Speaker 4: Fair point, Hey, Jamie, thank you very much, appreciate it,

1765
01:22:39,400 --> 01:22:42,240
Speaker 4: Jamie McKay, Host of the Country. By the way, just

1766
01:22:42,320 --> 01:22:44,960
Speaker 4: on the power thing, Rio Tinto, which runs the t

1767
01:22:45,240 --> 01:22:47,680
Speaker 4: Y Point aluminium smelter, has announced it's going to cut

1768
01:22:47,720 --> 01:22:51,559
Speaker 4: its power consumption by another thirty seven percent. This will

1769
01:22:51,600 --> 01:22:54,479
Speaker 4: las through to the end of next month. They've already

1770
01:22:54,680 --> 01:22:57,680
Speaker 4: reduced production by about a third, so this is reasonably significant.

1771
01:22:57,920 --> 01:22:59,640
Speaker 4: So hopefully that will get us through the winter and

1772
01:22:59,640 --> 01:23:01,200
Speaker 4: the spread, which is where the crunch point is going

1773
01:23:01,280 --> 01:23:03,200
Speaker 4: to be. Paul Bloxham is with us very shortly and

1774
01:23:03,280 --> 01:23:05,439
Speaker 4: we'll find out where he thinks the ocr is going

1775
01:23:05,520 --> 01:23:07,639
Speaker 4: to end up newstalksb.

1776
01:23:10,040 --> 01:23:12,360
Speaker 15: Lave or hanging out the passing.

1777
01:23:15,640 --> 01:23:19,519
Speaker 2: Everything from SMEs to the big corporates of Business Hour

1778
01:23:19,640 --> 01:23:22,920
Speaker 2: with Heather duple c Allen and my HR, the HR

1779
01:23:23,040 --> 01:23:38,240
Speaker 2: platform for SME US talksboas.

1780
01:23:35,840 --> 01:23:38,560
Speaker 4: Fred Peter Brady is going to be with us in

1781
01:23:38,600 --> 01:23:40,040
Speaker 4: ten minutes and we'll get the latest for him on

1782
01:23:40,160 --> 01:23:42,120
Speaker 4: what is going on with the search for survivors of

1783
01:23:42,240 --> 01:23:46,479
Speaker 4: that yacht sinking off the coast of Sicily. How awkward

1784
01:23:46,600 --> 01:23:49,320
Speaker 4: is this? This is what's going on in Polkinghorn's trial.

1785
01:23:49,680 --> 01:23:51,880
Speaker 4: At the moment one of his former colleagues is given

1786
01:23:51,880 --> 01:23:54,280
Speaker 4: evidence of the trial, he says, she says sorry. She's

1787
01:23:54,280 --> 01:23:57,479
Speaker 4: a registered nurse. On a Monday morning in October twenty twenty,

1788
01:23:58,120 --> 01:24:00,439
Speaker 4: she was showing the ropes to two staff members, which

1789
01:24:00,439 --> 01:24:02,800
Speaker 4: obviously suggests that they brand new people. She's showing them

1790
01:24:02,800 --> 01:24:06,040
Speaker 4: around and stuff takes them into the office complexes retinal

1791
01:24:06,160 --> 01:24:09,840
Speaker 4: laser room, finds something she's never seen before, a meth

1792
01:24:09,960 --> 01:24:12,200
Speaker 4: pipe and a lighter on a table immediately to the

1793
01:24:12,280 --> 01:24:15,479
Speaker 4: right of the entrance. She says, she backtracked and closed

1794
01:24:15,520 --> 01:24:17,720
Speaker 4: the door. Jesus the least of what you would do.

1795
01:24:18,000 --> 01:24:20,360
Speaker 4: Get out, get them and yourself out there as quickly

1796
01:24:20,360 --> 01:24:24,719
Speaker 4: as possible. On Biden. So biden speech today was obviously

1797
01:24:25,080 --> 01:24:29,000
Speaker 4: the big thing at the DNC. The Democratic National Convention

1798
01:24:29,400 --> 01:24:32,120
Speaker 4: took about five minutes, by the way of cheering. At

1799
01:24:32,200 --> 01:24:34,160
Speaker 4: least that is the point at which Laura, the producer,

1800
01:24:34,200 --> 01:24:37,040
Speaker 4: stopped counting. The cheering was going on, and she waited

1801
01:24:37,320 --> 01:24:42,080
Speaker 4: one minute, two minutes, three minutes, four minutes, five minutes,

1802
01:24:42,120 --> 01:24:43,760
Speaker 4: and so I can't count anymore. So we know there

1803
01:24:43,840 --> 01:24:46,800
Speaker 4: was at least five minutes of cheering before Biden could

1804
01:24:46,800 --> 01:24:47,719
Speaker 4: actually start speaking.

1805
01:24:48,640 --> 01:24:51,240
Speaker 15: I dare used to have an expression for real.

1806
01:24:51,479 --> 01:24:56,520
Speaker 14: He'd say, Joey families to be getting the middle.

1807
01:24:56,800 --> 01:25:07,320
Speaker 15: And the end, and I love you all, oh, and America,

1808
01:25:08,400 --> 01:25:10,400
Speaker 15: I love you wow.

1809
01:25:12,720 --> 01:25:13,000
Speaker 1: Wow.

1810
01:25:13,400 --> 01:25:16,839
Speaker 4: There's nothing more, nothing more, nothing more fun than preaching

1811
01:25:16,920 --> 01:25:19,800
Speaker 4: to the converted. Is they're twenty two away from seven.

1812
01:25:20,080 --> 01:25:21,440
Speaker 1: Either due for clans.

1813
01:25:21,560 --> 01:25:24,360
Speaker 4: Paul blocks of hspecies chief economists in Sydney is with

1814
01:25:24,479 --> 01:25:25,240
Speaker 4: us a Paul.

1815
01:25:26,520 --> 01:25:26,760
Speaker 18: Mate.

1816
01:25:26,760 --> 01:25:28,920
Speaker 4: We haven't spoken to you since the big ocr call

1817
01:25:29,040 --> 01:25:30,080
Speaker 4: last week. What did you make of that?

1818
01:25:31,400 --> 01:25:33,760
Speaker 26: Well, it was a big change, wasn't it. You know

1819
01:25:33,880 --> 01:25:35,760
Speaker 26: what we had in mind that the ARB and Z

1820
01:25:35,880 --> 01:25:37,840
Speaker 26: would likely be cutting this year. In fact, we thought

1821
01:25:37,880 --> 01:25:39,920
Speaker 26: they might cut in October, but we didn't quite think

1822
01:25:39,960 --> 01:25:42,120
Speaker 26: it would be quite so soon. And most of that

1823
01:25:42,280 --> 01:25:44,479
Speaker 26: came down to us listening to what they'd been saying.

1824
01:25:44,520 --> 01:25:46,880
Speaker 26: They told us in May they were really worried about

1825
01:25:46,920 --> 01:25:50,120
Speaker 26: domestic inflation, but the time we got to the August meeting,

1826
01:25:50,160 --> 01:25:52,840
Speaker 26: of course they were cutting because they are more worried

1827
01:25:52,840 --> 01:25:55,280
Speaker 26: about other things. So look, the story is a good

1828
01:25:55,320 --> 01:25:58,080
Speaker 26: news story though in the end, you know, inflation is

1829
01:25:58,160 --> 01:26:01,120
Speaker 26: coming down and so the Arban's got an opportunity to

1830
01:26:01,160 --> 01:26:03,680
Speaker 26: start taking their foot off the break and obviously there

1831
01:26:03,720 --> 01:26:05,360
Speaker 26: are other central banks around the world that are doing

1832
01:26:05,400 --> 01:26:07,960
Speaker 26: that as well, and so that's a good thing that

1833
01:26:08,600 --> 01:26:10,400
Speaker 26: there's going to be a bit more support coming through

1834
01:26:10,520 --> 01:26:12,519
Speaker 26: the economy with loser monetary policy.

1835
01:26:12,840 --> 01:26:13,400
Speaker 4: What do you reckon?

1836
01:26:13,439 --> 01:26:13,800
Speaker 1: They go?

1837
01:26:13,920 --> 01:26:16,240
Speaker 4: What was going on there? Were they misreading the economy

1838
01:26:16,520 --> 01:26:17,400
Speaker 4: or were they bluffing.

1839
01:26:18,840 --> 01:26:22,360
Speaker 26: Oh, look forward guidance has got lots of different functions,

1840
01:26:22,560 --> 01:26:23,960
Speaker 26: you know, And that's what they were doing, right, They

1841
01:26:24,000 --> 01:26:25,479
Speaker 26: were telling us what they thought they were going to

1842
01:26:25,560 --> 01:26:28,160
Speaker 26: do with their policy rate. And one of the functions

1843
01:26:28,400 --> 01:26:32,479
Speaker 26: is to manage expectations and sort of set the sort

1844
01:26:32,520 --> 01:26:35,000
Speaker 26: of groundwork for what they want people to think they're

1845
01:26:35,040 --> 01:26:37,080
Speaker 26: going to be doing and how that and that can

1846
01:26:37,200 --> 01:26:39,840
Speaker 26: deliver tighter financial conditions. So there could be an element

1847
01:26:39,920 --> 01:26:42,960
Speaker 26: of using that tool to tighten up and ensure that

1848
01:26:43,040 --> 01:26:46,200
Speaker 26: inflation came down. The other thing that it's supposed to do, though,

1849
01:26:46,320 --> 01:26:49,280
Speaker 26: is it supposed to give guidance to market as to

1850
01:26:49,680 --> 01:26:52,639
Speaker 26: how the central bank responds to data when it comes out.

1851
01:26:52,720 --> 01:26:55,719
Speaker 26: And so that's the challenge. The challenge is that it doesn't.

1852
01:26:55,960 --> 01:26:59,200
Speaker 26: It didn't necessarily know most of the economists in the

1853
01:26:59,280 --> 01:27:01,640
Speaker 26: consensus were We're thinking that they wouldn't cut because they

1854
01:27:01,680 --> 01:27:03,360
Speaker 26: were listening to what we said back in May. So

1855
01:27:03,720 --> 01:27:05,720
Speaker 26: there are trade offs with using four guidance, and I

1856
01:27:05,800 --> 01:27:08,120
Speaker 26: think that's a question that's still yet to be answered

1857
01:27:08,160 --> 01:27:10,240
Speaker 26: that I think the main story here, as I say,

1858
01:27:10,600 --> 01:27:13,120
Speaker 26: is a good one. Inflation's coming down, interest rates are

1859
01:27:13,160 --> 01:27:15,600
Speaker 26: coming down as well, and that means that you know,

1860
01:27:15,920 --> 01:27:18,240
Speaker 26: that's going to give a bit more support to the economy.

1861
01:27:18,320 --> 01:27:20,280
Speaker 4: And so how low do you think this ocr goes

1862
01:27:20,320 --> 01:27:21,880
Speaker 4: in the I don't know, a couple of the next

1863
01:27:21,920 --> 01:27:22,439
Speaker 4: couple of years.

1864
01:27:23,400 --> 01:27:25,400
Speaker 26: Well, we now think that, well, we think that the

1865
01:27:25,640 --> 01:27:27,320
Speaker 26: RBY and Z will probably deliver a couple of more

1866
01:27:27,360 --> 01:27:30,000
Speaker 26: cuts because twenty five basis point isn't very much this year.

1867
01:27:30,120 --> 01:27:32,280
Speaker 26: So we've got two more cuts this year, and then

1868
01:27:32,280 --> 01:27:34,360
Speaker 26: we've got another four penciled in for next year. So

1869
01:27:34,920 --> 01:27:36,840
Speaker 26: that would take the cash rate all the way back

1870
01:27:36,880 --> 01:27:39,559
Speaker 26: down to somewhere that's sort of closer to neutral, maybe

1871
01:27:39,640 --> 01:27:42,000
Speaker 26: around about or a little bit below their neutral setting.

1872
01:27:42,080 --> 01:27:44,080
Speaker 26: So we haven't got in mind that we're going all

1873
01:27:44,120 --> 01:27:47,120
Speaker 26: the way back down to the levels we were pre pandemic,

1874
01:27:47,240 --> 01:27:49,479
Speaker 26: or the levels we were even through the pandemic. The

1875
01:27:49,560 --> 01:27:51,479
Speaker 26: world is a different place now where interest rates are

1876
01:27:51,479 --> 01:27:53,519
Speaker 26: a bit higher and inflation is a bit stickier. But

1877
01:27:53,640 --> 01:27:55,360
Speaker 26: we do think there's a fair bit of relief that's

1878
01:27:55,360 --> 01:27:57,679
Speaker 26: going to come through fairly quickly, and that's going to happen.

1879
01:27:57,479 --> 01:27:58,040
Speaker 5: In New Zealand.

1880
01:27:58,120 --> 01:28:00,680
Speaker 26: But you know, today we got remind again by the

1881
01:28:00,840 --> 01:28:03,720
Speaker 26: RBA in their minutes that the RBA is still quite

1882
01:28:03,800 --> 01:28:05,920
Speaker 26: some time away from thinking that they can deliver rate

1883
01:28:06,000 --> 01:28:06,919
Speaker 26: cuts in in Australia.

1884
01:28:07,040 --> 01:28:09,519
Speaker 4: Yeah, so those minutes that were released showed that they

1885
01:28:09,600 --> 01:28:12,880
Speaker 4: had considered right hiking, but they decided instead that the

1886
01:28:12,920 --> 01:28:16,519
Speaker 4: best option was just keep it steady and higher for longer.

1887
01:28:16,720 --> 01:28:18,919
Speaker 4: Is this then trying to avoid a full on recession.

1888
01:28:20,360 --> 01:28:21,920
Speaker 26: Well, I think this has been the plan all the

1889
01:28:21,960 --> 01:28:24,599
Speaker 26: way along. They wanted to. They didn't lift interest rates

1890
01:28:24,680 --> 01:28:26,600
Speaker 26: quite as much as everyone else. They did less, for

1891
01:28:26,720 --> 01:28:28,560
Speaker 26: example than the RB and ZAD and the FAIR and

1892
01:28:28,640 --> 01:28:33,400
Speaker 26: the Bank of England. And that strategy was to bring

1893
01:28:33,479 --> 01:28:35,639
Speaker 26: inflation down. Of course they need to bring inflation down,

1894
01:28:35,640 --> 01:28:38,880
Speaker 26: it was very high, but try to maintain as close

1895
01:28:38,920 --> 01:28:41,479
Speaker 26: to full employment as possible along the way, not not

1896
01:28:41,640 --> 01:28:44,960
Speaker 26: deliver a hard landing. Well they've gotten both those that

1897
01:28:45,080 --> 01:28:47,439
Speaker 26: the economy has slowed, but it's not had a hard landing.

1898
01:28:47,479 --> 01:28:50,240
Speaker 26: We haven't had a recession in Australia. And inflation, well

1899
01:28:50,280 --> 01:28:53,120
Speaker 26: it's not coming down quite very quickly. It's still taking

1900
01:28:53,200 --> 01:28:56,400
Speaker 26: time to fall. So that leaves them without the option

1901
01:28:56,560 --> 01:28:58,120
Speaker 26: of being able to cut rates, and as you say,

1902
01:28:58,240 --> 01:29:01,280
Speaker 26: really quite something that they were talking about possibly lifting

1903
01:29:01,400 --> 01:29:05,080
Speaker 26: rates early in August, where of course other central banks

1904
01:29:05,520 --> 01:29:07,720
Speaker 26: busy cutting them at the moment. So look, we've held

1905
01:29:07,760 --> 01:29:08,360
Speaker 26: this for all year.

1906
01:29:08,439 --> 01:29:08,800
Speaker 9: As you know.

1907
01:29:10,400 --> 01:29:12,840
Speaker 26: A bit, you know that we don't think the RBA

1908
01:29:12,920 --> 01:29:14,439
Speaker 26: is cutting this year. That rate cuts are more of

1909
01:29:14,520 --> 01:29:16,280
Speaker 26: proposition to twenty twenty five, and a lot of that

1910
01:29:16,479 --> 01:29:19,280
Speaker 26: is to do with the strategy that the RBA has taken.

1911
01:29:19,360 --> 01:29:22,559
Speaker 26: They've tightened less, slowed the economy less, inflation's coming down

1912
01:29:22,600 --> 01:29:23,040
Speaker 26: more slowly.

1913
01:29:23,720 --> 01:29:25,120
Speaker 4: Good stuff, Paul, It's good to talk to you, and

1914
01:29:25,160 --> 01:29:26,840
Speaker 4: we'll talk to you again very shortly. Look after yourself.

1915
01:29:26,880 --> 01:29:29,519
Speaker 4: That's Paul Blocks and the age SPC chief economists in Sydney.

1916
01:29:29,720 --> 01:29:32,320
Speaker 4: And not everyone believes the yarn, the gossip that I

1917
01:29:32,439 --> 01:29:35,240
Speaker 4: had about about what Queen Elizabeth thought about Donald Trump.

1918
01:29:35,439 --> 01:29:37,000
Speaker 4: Will check with indo Brady is going to be with us,

1919
01:29:37,160 --> 01:29:39,880
Speaker 4: that'd be I'm referring to bees text ol Heather very

1920
01:29:39,920 --> 01:29:42,000
Speaker 4: easy to put words into the dead queen's mouth. I

1921
01:29:42,040 --> 01:29:44,240
Speaker 4: don't believe she'd be so indiscreet about a head of state.

1922
01:29:44,880 --> 01:29:46,880
Speaker 4: You never know she might have been. She might have

1923
01:29:47,000 --> 01:29:49,920
Speaker 4: loved a little titter anyway into Brady will weigh in

1924
01:29:50,000 --> 01:29:52,240
Speaker 4: on that now. I don't know. Hey, he's going to

1925
01:29:52,240 --> 01:29:56,560
Speaker 4: be this shortly. I didn't realize this, but did you

1926
01:29:56,680 --> 01:29:58,200
Speaker 4: know that buildings could be racist?

1927
01:29:59,360 --> 01:30:00,600
Speaker 5: So we know this.

1928
01:30:01,240 --> 01:30:03,840
Speaker 4: We have been informed that buildings can be racist because

1929
01:30:04,040 --> 01:30:08,080
Speaker 4: librarians in Wales have been told to stop holding meetings

1930
01:30:08,160 --> 01:30:10,879
Speaker 4: in so called racist buildings. And it's not just librarians,

1931
01:30:10,920 --> 01:30:12,519
Speaker 4: and they're not just picking on the librarians, it's the

1932
01:30:12,560 --> 01:30:15,760
Speaker 4: whole cultural sector in Wales is being given what's called

1933
01:30:15,840 --> 01:30:19,559
Speaker 4: decolonization training at the moment, and so the librarians they

1934
01:30:19,600 --> 01:30:21,800
Speaker 4: seem to be at the front of it. And they've

1935
01:30:21,840 --> 01:30:25,559
Speaker 4: been told that planned decolonization or what they call critical

1936
01:30:25,680 --> 01:30:30,120
Speaker 4: whiteness training sessions should not take part to take place

1937
01:30:30,200 --> 01:30:34,599
Speaker 4: in buildings with racist parts pasts, and so as a result,

1938
01:30:34,640 --> 01:30:37,879
Speaker 4: they've been given venue booking guides. I mean, like, honestly,

1939
01:30:38,920 --> 01:30:40,360
Speaker 4: do you want me to hold your hand and teach

1940
01:30:40,400 --> 01:30:42,840
Speaker 4: you how to cross the road. Here's a venue booking guide,

1941
01:30:42,840 --> 01:30:44,960
Speaker 4: so now you can know how to book a venue anyway.

1942
01:30:45,120 --> 01:30:48,040
Speaker 4: It says be mindful of the venue and if you

1943
01:30:48,160 --> 01:30:50,559
Speaker 4: have a choice, do not choose a venue that represents

1944
01:30:50,560 --> 01:30:53,439
Speaker 4: a racist legacy. If you have to use a venue

1945
01:30:53,520 --> 01:30:56,200
Speaker 4: that does have a racist pass, acknowledge us as early

1946
01:30:56,240 --> 01:31:00,360
Speaker 4: as possible to demonstrate your commitment to systemic issues, even

1947
01:31:00,360 --> 01:31:04,760
Speaker 4: acknowledge the historical context in the event. Invitation also just

1948
01:31:04,960 --> 01:31:08,719
Speaker 4: ps On another note, providing vegetarian and vegan options only

1949
01:31:09,040 --> 01:31:11,559
Speaker 4: can also be used to support any decarbonization or net

1950
01:31:11,640 --> 01:31:14,280
Speaker 4: zero goals of your organizations. Cool, it's like nothing to

1951
01:31:14,360 --> 01:31:16,599
Speaker 4: do with it, but we just they must be vegans.

1952
01:31:16,800 --> 01:31:16,920
Speaker 5: You know.

1953
01:31:16,960 --> 01:31:18,640
Speaker 4: It takes a vegan about two seconds to tell you

1954
01:31:18,720 --> 01:31:20,519
Speaker 4: they are vegans. So anyway, these guys will like also

1955
01:31:20,600 --> 01:31:24,080
Speaker 4: be vegans anyway. There is also a separate guide for

1956
01:31:24,160 --> 01:31:27,919
Speaker 4: which buildings can be considered racist. Any building, streets, monuments,

1957
01:31:27,960 --> 01:31:30,839
Speaker 4: and statues linked to figures with connections to slavery and Empire,

1958
01:31:30,960 --> 01:31:35,280
Speaker 4: including Admiral Nelson Waterloo, Hero Thomas Picton, Francis Drake, and

1959
01:31:35,320 --> 01:31:37,960
Speaker 4: the Duke of Wellington were included. That included an entire

1960
01:31:38,040 --> 01:31:41,559
Speaker 4: village of four thousand, six hundred people called Nelson. That's

1961
01:31:41,640 --> 01:31:43,040
Speaker 4: not the one in New Zealand. I'm looking at you,

1962
01:31:43,160 --> 01:31:46,960
Speaker 4: Nelson racist pass right. Then, community center and a sports

1963
01:31:47,000 --> 01:31:49,920
Speaker 4: center in the town of Haverford, West is racist because

1964
01:31:49,960 --> 01:31:54,320
Speaker 4: it's called Picton. A problematic little area for New Zealand,

1965
01:31:54,360 --> 01:31:57,360
Speaker 4: top of the South Island. And then there's a primary

1966
01:31:57,400 --> 01:32:01,320
Speaker 4: school named after the Welsh poet called Oh Lord, I

1967
01:32:01,400 --> 01:32:04,400
Speaker 4: can't even pronounce it Gronwio and you know how the

1968
01:32:04,439 --> 01:32:07,559
Speaker 4: Welsh like whatever, that's not actually anything like what it's pronounced.

1969
01:32:07,560 --> 01:32:11,280
Speaker 4: That's problematic because the namesake owns slaves. The Wellington Community

1970
01:32:11,400 --> 01:32:16,040
Speaker 4: Center in Wales potentially problematic. Wellington, I'm looking at you've

1971
01:32:16,040 --> 01:32:18,240
Speaker 4: got now, we've now, we've expanded the problematic area in

1972
01:32:18,280 --> 01:32:19,640
Speaker 4: New Zealand. It's the top of the South and the

1973
01:32:19,640 --> 01:32:21,800
Speaker 4: bottom of the North. That whole area got a whole

1974
01:32:21,800 --> 01:32:23,000
Speaker 4: bunch of names there. We need to have a look

1975
01:32:23,040 --> 01:32:26,160
Speaker 4: at Columbus House in Newport, which is a government building.

1976
01:32:26,240 --> 01:32:29,040
Speaker 4: Columbus has been blamed for being the first colonizer, colonizer

1977
01:32:29,120 --> 01:32:32,839
Speaker 4: of the New World. Gladstone's Library Dad owned slaves. That's problematic.

1978
01:32:33,080 --> 01:32:34,840
Speaker 4: And so in total, there are ninety three buildings in

1979
01:32:34,880 --> 01:32:37,280
Speaker 4: Wales that we're examined as part of the audit. And

1980
01:32:37,320 --> 01:32:39,519
Speaker 4: I just want to say ninety three buildings in Wales

1981
01:32:39,640 --> 01:32:44,799
Speaker 4: is beaten wholeheartedly and absolutely by three towns and cities

1982
01:32:44,840 --> 01:32:47,920
Speaker 4: in New Zealand Wellington, Picton and Nelson. And those are

1983
01:32:47,960 --> 01:32:49,640
Speaker 4: just the ones we know of quarter two.

1984
01:32:51,760 --> 01:32:54,360
Speaker 1: If it's to do with money, it matters to you.

1985
01:32:54,760 --> 01:32:58,519
Speaker 2: The Business Hour with Heather Duplicy Allen and my HR

1986
01:32:58,880 --> 01:33:01,240
Speaker 2: the HR Platform News Talks.

1987
01:33:01,280 --> 01:33:03,160
Speaker 4: It'd be My brother's just sent me a text and

1988
01:33:03,240 --> 01:33:05,839
Speaker 4: he says, look at the moon if you can. Apparently,

1989
01:33:05,880 --> 01:33:07,560
Speaker 4: I think we may have the blue moon tonight, so

1990
01:33:08,479 --> 01:33:09,800
Speaker 4: get an eye full of it. But we'll just wait

1991
01:33:09,840 --> 01:33:11,080
Speaker 4: till the abreks and you go out and get a

1992
01:33:11,120 --> 01:33:13,200
Speaker 4: nifeful of that. It's twelve away from Steven Inde Brady

1993
01:33:13,560 --> 01:33:15,400
Speaker 4: Sky News Correspondence with us Now hey and.

1994
01:33:15,439 --> 01:33:17,639
Speaker 24: Dad, Hey, Heathery're great to speak to you again.

1995
01:33:17,760 --> 01:33:19,960
Speaker 4: Have they found any more survivors of the yachts and

1996
01:33:20,040 --> 01:33:21,880
Speaker 4: King No, not yet.

1997
01:33:22,080 --> 01:33:24,720
Speaker 24: What an awful, awful incident they're dealing with off the

1998
01:33:24,760 --> 01:33:28,240
Speaker 24: coast of Sicily. So more information emerging. The yacht was

1999
01:33:28,280 --> 01:33:31,479
Speaker 24: owned by Mike Lynch. He is a very well known

2000
01:33:31,600 --> 01:33:34,360
Speaker 24: name in British business. He's been in the media, not

2001
01:33:34,600 --> 01:33:37,080
Speaker 24: just literally. The other week I read a big interview

2002
01:33:37,120 --> 01:33:40,160
Speaker 24: in The Times with him. He had a decade long

2003
01:33:40,320 --> 01:33:43,360
Speaker 24: dispute in the United States where they had charged him

2004
01:33:43,360 --> 01:33:46,280
Speaker 24: with fraud. It went to trial and he won a

2005
01:33:46,439 --> 01:33:49,960
Speaker 24: stunning victory. Just in June. So what we're learning now

2006
01:33:50,160 --> 01:33:52,600
Speaker 24: is that the party on his super yacht was a

2007
01:33:52,720 --> 01:33:59,000
Speaker 24: thank you celebration to everyone who stood by him. Employees, family, friends, lawyers,

2008
01:34:00,280 --> 01:34:02,719
Speaker 24: all on the yacht and it was a big, big celebration.

2009
01:34:02,880 --> 01:34:05,679
Speaker 24: And in addition to that, his eighteen year old daughter, Hannah,

2010
01:34:06,120 --> 01:34:09,760
Speaker 24: she's missing presumed dead as well, and she had just

2011
01:34:09,840 --> 01:34:12,360
Speaker 24: finished her A level results here and had secured a

2012
01:34:12,400 --> 01:34:16,800
Speaker 24: place to study English at Oxford University. So the search continues,

2013
01:34:16,920 --> 01:34:19,559
Speaker 24: but it's just for a tragic, tragic incident him.

2014
01:34:19,600 --> 01:34:21,000
Speaker 4: So what exactly happened?

2015
01:34:22,360 --> 01:34:24,200
Speaker 24: So what they're saying is that there was a freak

2016
01:34:24,439 --> 01:34:27,960
Speaker 24: mini tornado, and there's this phenomenon which has been happening

2017
01:34:28,000 --> 01:34:31,160
Speaker 24: in the Mediterranean a lot lately called the water spout.

2018
01:34:31,479 --> 01:34:34,200
Speaker 24: I had to look this up. Apparently, the surface temperature

2019
01:34:34,200 --> 01:34:36,799
Speaker 24: of the water gets so hot and this water spout

2020
01:34:36,920 --> 01:34:41,040
Speaker 24: basically circles and develops, and the combination of the two

2021
01:34:41,280 --> 01:34:44,320
Speaker 24: has snapped the mast of the super yacht and it

2022
01:34:44,560 --> 01:34:47,519
Speaker 24: sank in a matter of seconds. And there is an

2023
01:34:47,560 --> 01:34:49,599
Speaker 24: added twist to all of this. In the last couple

2024
01:34:49,640 --> 01:34:52,640
Speaker 24: of hours, we're hearing that he's co defendant caught up

2025
01:34:52,680 --> 01:34:55,000
Speaker 24: in the trial in the United States. Also acquitted in

2026
01:34:55,120 --> 01:34:58,320
Speaker 24: June an English guy called Stephen Chamberlain. He was running

2027
01:34:58,439 --> 01:35:02,080
Speaker 24: in Cambridgeshire on Saturda Day, was struck by a vehicle

2028
01:35:02,840 --> 01:35:04,120
Speaker 24: and has passed as well.

2029
01:35:04,439 --> 01:35:07,440
Speaker 4: Yeah, so weird, such a weird twist.

2030
01:35:07,800 --> 01:35:09,160
Speaker 24: And shocking coincidence.

2031
01:35:09,240 --> 01:35:12,439
Speaker 4: Yeah, Inda, if anybody was still alive from us, how

2032
01:35:12,479 --> 01:35:13,920
Speaker 4: long would they have been in the water by?

2033
01:35:14,000 --> 01:35:14,120
Speaker 6: Now?

2034
01:35:15,400 --> 01:35:19,360
Speaker 24: Okay, so it happened at four am Italian time yesterday,

2035
01:35:19,479 --> 01:35:21,120
Speaker 24: so that would be twenty eight hours.

2036
01:35:21,160 --> 01:35:22,200
Speaker 4: I guess it's a long time.

2037
01:35:22,960 --> 01:35:25,640
Speaker 24: I mean, it's a long long time. They've had helicopters up.

2038
01:35:26,120 --> 01:35:28,680
Speaker 24: I think the problem is it sank so fast, and

2039
01:35:28,800 --> 01:35:31,840
Speaker 24: everyone was in their bunks and their cabins below deck,

2040
01:35:32,920 --> 01:35:34,680
Speaker 24: and it happened in a matter of seconds. And we

2041
01:35:34,800 --> 01:35:38,080
Speaker 24: know that because an Italian fisherman got up at four am.

2042
01:35:38,240 --> 01:35:39,960
Speaker 24: He said he had been watching the party on the

2043
01:35:40,040 --> 01:35:42,599
Speaker 24: deck from his house on the shore in this place

2044
01:35:42,680 --> 01:35:45,920
Speaker 24: called Porticello. This Italian guy was watching. He said the

2045
01:35:45,960 --> 01:35:48,320
Speaker 24: deck was lit up like a football pitch, and people

2046
01:35:48,400 --> 01:35:50,360
Speaker 24: were having a drink and it was a lovely atmosphere,

2047
01:35:50,360 --> 01:35:52,680
Speaker 24: and he said he enjoyed watching them, and he went

2048
01:35:52,760 --> 01:35:55,439
Speaker 24: to bed and then he heard all the wind and

2049
01:35:55,520 --> 01:35:57,400
Speaker 24: he got up to shut a few windows at four am,

2050
01:35:57,560 --> 01:36:00,920
Speaker 24: and he would literally watched the ship sink and it

2051
01:36:01,040 --> 01:36:02,280
Speaker 24: happened in a matter of seconds.

2052
01:36:02,439 --> 01:36:05,439
Speaker 4: Yeah, okay, Hey, do you believe what the queen said

2053
01:36:05,479 --> 01:36:06,000
Speaker 4: about Trump?

2054
01:36:06,800 --> 01:36:07,760
Speaker 9: Absolutely? Yeah.

2055
01:36:08,200 --> 01:36:10,720
Speaker 24: So this book, Yeah, it's a great story. It's a

2056
01:36:10,760 --> 01:36:13,200
Speaker 24: great story. So this book has been published, it's out

2057
01:36:13,240 --> 01:36:16,160
Speaker 24: today and it's being serialized. And apparently, so we know

2058
01:36:16,280 --> 01:36:18,960
Speaker 24: the Queen had lunch with Trump in twenty eighteen at

2059
01:36:19,000 --> 01:36:21,639
Speaker 24: Windsor Castle. What we didn't know is that a few

2060
01:36:21,680 --> 01:36:24,519
Speaker 24: weeks later, an unnamed friend was invited for lunch. So

2061
01:36:24,560 --> 01:36:28,080
Speaker 24: obviously someone extremely close to the royal inner circle to

2062
01:36:28,120 --> 01:36:31,040
Speaker 24: be invited for lunch with the Queen, and that person

2063
01:36:31,120 --> 01:36:34,240
Speaker 24: has spoken to this writer. The book is out, and

2064
01:36:34,360 --> 01:36:38,559
Speaker 24: apparently the Queen found him unbelievably rude. He kept staring

2065
01:36:38,640 --> 01:36:40,880
Speaker 24: over her shoulder. Apparently, so he's sitting with one of

2066
01:36:41,400 --> 01:36:45,040
Speaker 24: the greatest people in history, and the Queen felt that

2067
01:36:45,240 --> 01:36:48,040
Speaker 24: he kept staring over her shoulder in the hope that

2068
01:36:48,160 --> 01:36:50,479
Speaker 24: someone more interesting would come along. That was how the

2069
01:36:50,600 --> 01:36:54,679
Speaker 24: Queen felt. And then in addition to that, she said

2070
01:36:54,720 --> 01:36:59,200
Speaker 24: that his relationship with Millennia, his wife. That's basically they

2071
01:36:59,240 --> 01:37:02,439
Speaker 24: have some sort of an agreement. The queen claimed, she said,

2072
01:37:02,520 --> 01:37:04,600
Speaker 24: or else why would she stay with him? And I

2073
01:37:04,680 --> 01:37:06,519
Speaker 24: thought that was quite funny. So the Queen was quite

2074
01:37:06,520 --> 01:37:09,760
Speaker 24: obviously very perceptive woman. And Trump has now been asked

2075
01:37:09,800 --> 01:37:12,120
Speaker 24: about these claims in the book, and he said that

2076
01:37:12,800 --> 01:37:15,439
Speaker 24: he was told that her people told him that he

2077
01:37:15,600 --> 01:37:16,920
Speaker 24: was her favorite guest ever.

2078
01:37:17,320 --> 01:37:19,680
Speaker 4: Oh yeah, no, totally. I mean, which is something that

2079
01:37:19,760 --> 01:37:23,519
Speaker 4: everybody says about Donald Trump, apparently, Inda, I believe it

2080
01:37:23,600 --> 01:37:26,720
Speaker 4: as well. Absolutely. Into Brady are UK correspondent, Thanks so much.

2081
01:37:27,000 --> 01:37:27,920
Speaker 4: Seven Away from seven.

2082
01:37:28,520 --> 01:37:32,360
Speaker 2: Whether it's macro, micro or just plain economics, it's all

2083
01:37:32,479 --> 01:37:36,080
Speaker 2: on the Business Hour with Hither Dupleicy Ellen and my HR,

2084
01:37:36,439 --> 01:37:39,080
Speaker 2: the HR platform for SME news talk Si B.

2085
01:37:41,000 --> 01:37:43,280
Speaker 4: Hey, quick, heads up. You know I love talking about

2086
01:37:43,280 --> 01:37:45,679
Speaker 4: stupid stuff that people do on TikTok. I've got another

2087
01:37:45,720 --> 01:37:47,160
Speaker 4: one for you. Okay, what about this one?

2088
01:37:47,160 --> 01:37:47,400
Speaker 23: Okay.

2089
01:37:47,439 --> 01:37:49,960
Speaker 4: So there's the thing that's trend in called passport makeup.

2090
01:37:50,520 --> 01:37:52,760
Speaker 4: And what they do is they teach people because you know,

2091
01:37:52,800 --> 01:37:55,639
Speaker 4: everybody's passport photo looks a bit crap, right, Nobody looks

2092
01:37:55,680 --> 01:37:58,439
Speaker 4: great in their passport photo, but except for these people.

2093
01:37:58,600 --> 01:38:00,719
Speaker 4: Because they teach them on TikTok how to make yourself

2094
01:38:00,760 --> 01:38:02,960
Speaker 4: look awesome. You use some Cati eyeliner to make the

2095
01:38:03,000 --> 01:38:05,560
Speaker 4: eyes look bigger, brush the brows up to upwards to

2096
01:38:05,640 --> 01:38:08,080
Speaker 4: lift the face. Use contouring makeup to make the face

2097
01:38:08,160 --> 01:38:10,400
Speaker 4: look look longer. It's do I need to say this

2098
01:38:10,520 --> 01:38:13,599
Speaker 4: is mainly for the ladies, not the blokes. But anyway,

2099
01:38:14,400 --> 01:38:16,880
Speaker 4: they call it the glow up trend. Trouble with this

2100
01:38:17,200 --> 01:38:19,840
Speaker 4: is some people have taken it so far. They look

2101
01:38:20,120 --> 01:38:23,200
Speaker 4: literally nothing like themselves in their passport photos. And when

2102
01:38:23,240 --> 01:38:25,840
Speaker 4: they got one of them got to I don't know

2103
01:38:25,920 --> 01:38:27,880
Speaker 4: where that was. It was an Australian TikTok user who

2104
01:38:27,920 --> 01:38:29,880
Speaker 4: was traveling. She got to the gate, they wouldn't let

2105
01:38:29,880 --> 01:38:32,160
Speaker 4: her into the country. They were like, that's not you

2106
01:38:32,479 --> 01:38:35,400
Speaker 4: looks nothing like you. So another stupid thing that they're doing.

2107
01:38:35,640 --> 01:38:37,879
Speaker 4: Try not to do that. Getting a lot of texts,

2108
01:38:38,560 --> 01:38:40,519
Speaker 4: a lot of texts saying the Queen didn't say this,

2109
01:38:41,320 --> 01:38:41,840
Speaker 4: you don't know that.

2110
01:38:42,240 --> 01:38:45,120
Speaker 19: Hey, well we only have someone's word for her. But

2111
01:38:45,160 --> 01:38:47,160
Speaker 19: there was one text before who pointed out that they

2112
01:38:47,240 --> 01:38:49,280
Speaker 19: didn't think that the Queen would be so undiplomatic as

2113
01:38:49,360 --> 01:38:51,400
Speaker 19: to call someone und well, the thing is a few

2114
01:38:51,479 --> 01:38:53,920
Speaker 19: years ago she did actually do just that. There was

2115
01:38:53,960 --> 01:38:56,360
Speaker 19: she was meeting with a police commander and was there

2116
01:38:56,439 --> 01:38:58,960
Speaker 19: was like a news mic nearby, and she did comment

2117
01:38:59,000 --> 01:39:01,240
Speaker 19: on how some Chinese afels had been rude. I think

2118
01:39:01,240 --> 01:39:01,920
Speaker 19: we've got that here.

2119
01:39:02,160 --> 01:39:03,840
Speaker 6: They walked out with that Custer house.

2120
01:39:03,880 --> 01:39:05,439
Speaker 7: He told me that the trip was off.

2121
01:39:06,040 --> 01:39:08,920
Speaker 4: I felt many rude to the ambassadors. They were very

2122
01:39:09,040 --> 01:39:12,080
Speaker 4: rude to the ambassador. I heard her say, they were

2123
01:39:12,160 --> 01:39:13,240
Speaker 4: very rude to the ambassador.

2124
01:39:13,479 --> 01:39:13,760
Speaker 11: There we go.

2125
01:39:13,880 --> 01:39:15,560
Speaker 19: So, I mean, on a character basis, we know the

2126
01:39:15,640 --> 01:39:17,760
Speaker 19: Queen does not stand for rudeness and doesn't shy about

2127
01:39:17,760 --> 01:39:18,160
Speaker 19: telling you all what.

2128
01:39:18,520 --> 01:39:18,800
Speaker 3: There we go.

2129
01:39:19,120 --> 01:39:21,559
Speaker 4: I think, thank you, Thank you, prosecutor. You set all

2130
01:39:21,600 --> 01:39:21,920
Speaker 4: the case.

2131
01:39:22,040 --> 01:39:22,439
Speaker 22: There we go.

2132
01:39:23,439 --> 01:39:25,400
Speaker 19: Tell it to my heart by Medusa to play us

2133
01:39:25,439 --> 01:39:28,920
Speaker 19: out tonight. Medusa, the Italian electronic music trio are playing

2134
01:39:29,000 --> 01:39:31,280
Speaker 19: at Rhythm and Vines this year, coming back to New Zealand.

2135
01:39:31,320 --> 01:39:34,320
Speaker 19: Other people on the lineup I Spice, Semi, Vergie, Lude,

2136
01:39:34,520 --> 01:39:38,720
Speaker 19: RL Grime, Coven, Dods and their Joy Anonymous. All right,

2137
01:39:38,920 --> 01:39:40,600
Speaker 19: you might not be terribly excited.

2138
01:39:41,640 --> 01:39:44,439
Speaker 4: Reading out literally just the letters that you've just typed randomly.

2139
01:39:44,680 --> 01:39:46,200
Speaker 19: I didn't make any of those up. Okay, I could

2140
01:39:46,240 --> 01:39:47,920
Speaker 19: have been really mean and made one up, but I didn't.

2141
01:39:48,240 --> 01:39:50,160
Speaker 4: They're all real real.

2142
01:39:50,120 --> 01:39:50,479
Speaker 15: Do o D.

2143
01:39:50,600 --> 01:39:52,719
Speaker 4: You can't wait all great teds?

2144
01:39:52,880 --> 01:39:53,439
Speaker 1: Was that one of them?

2145
01:39:54,280 --> 01:39:55,120
Speaker 4: No, don't see that one here?

2146
01:39:56,120 --> 01:39:56,760
Speaker 19: Maybe next year?

2147
01:39:57,000 --> 01:40:00,200
Speaker 4: Okay, cool, All right, there's my boomer joke for the Today.

2148
01:40:00,280 --> 01:40:02,439
Speaker 4: You enjoy yourself to see you tomorrow. News Talks B

2149
01:40:19,120 --> 01:40:20,440
Speaker 4: and Tell It Tomorrow.

2150
01:40:23,360 --> 01:40:26,479
Speaker 2: For more from Hither Duplessy Allen Drive, Listen live to

2151
01:40:26,640 --> 01:40:29,639
Speaker 2: News Talks it'd B from four pm weekdays, or follow

2152
01:40:29,680 --> 01:40:31,400
Speaker 2: the podcast on iHeartRadio