1 00:00:00,680 --> 00:00:04,560 Speaker 1: International Correspondence with ends and eye insurance, peace of mind 2 00:00:04,600 --> 00:00:08,760 Speaker 1: for New Zealand business, so they really are high. Sam Imrie, 3 00:00:08,800 --> 00:00:13,360 Speaker 1: Australia Correspondents, Sam, Welcome to the show. No meeting for Trump. 4 00:00:13,920 --> 00:00:16,040 Speaker 1: No meeting, I should say for Alban easy. 5 00:00:16,120 --> 00:00:20,160 Speaker 2: With Donald Trump now looking more and more likely that 6 00:00:20,239 --> 00:00:22,720 Speaker 2: it'll just be a handshake and a photo for the 7 00:00:22,760 --> 00:00:26,319 Speaker 2: trophy room for Albow this time around. But I guess 8 00:00:26,360 --> 00:00:29,120 Speaker 2: the question really we're probably asking now is is it 9 00:00:29,160 --> 00:00:31,520 Speaker 2: a meeting that he would even really want to have. 10 00:00:31,720 --> 00:00:33,720 Speaker 2: You know, he's doing quite well at home on a 11 00:00:33,720 --> 00:00:36,040 Speaker 2: lot of topics and Trump is certainly not really a 12 00:00:36,080 --> 00:00:39,400 Speaker 2: popular ally when it comes to Aussie voters for the 13 00:00:39,479 --> 00:00:42,440 Speaker 2: Labor Party here in Australia, and you know Albo and 14 00:00:42,479 --> 00:00:45,000 Speaker 2: Trump have had quite a few calls already. I think 15 00:00:45,000 --> 00:00:48,919 Speaker 2: this is number four discussing trade, security, critical minerals, those 16 00:00:48,920 --> 00:00:52,360 Speaker 2: sorts of things. They've been hailed as quite constructive, which 17 00:00:52,479 --> 00:00:55,520 Speaker 2: is something to say when having any sort of conversation 18 00:00:55,960 --> 00:01:00,640 Speaker 2: with the current American president. And we're out of you know, 19 00:01:00,720 --> 00:01:02,840 Speaker 2: with what we've come out and said with Palestine. The 20 00:01:03,200 --> 00:01:06,200 Speaker 2: Australian response this morning in the media to the President's 21 00:01:06,200 --> 00:01:09,600 Speaker 2: claims on autism and paracetamol has been quite negative as well, 22 00:01:09,880 --> 00:01:14,319 Speaker 2: So there's not really a lot of positive media or 23 00:01:14,360 --> 00:01:17,200 Speaker 2: anything really shiny or good that can come from Albow 24 00:01:17,280 --> 00:01:20,840 Speaker 2: sitting across from Trump, other than obviously, you know, being 25 00:01:20,880 --> 00:01:22,720 Speaker 2: able to walk through the door and say I've got 26 00:01:22,760 --> 00:01:28,080 Speaker 2: that ability. The labor troops around early Sunday, Ryan already 27 00:01:28,120 --> 00:01:31,320 Speaker 2: saying that the meeting is probably unlikely, and also the 28 00:01:31,360 --> 00:01:33,560 Speaker 2: proof is in the pudding. They're saying that they've managed 29 00:01:33,600 --> 00:01:36,520 Speaker 2: to see clear of any heavy tariffs and that you know, 30 00:01:36,680 --> 00:01:39,800 Speaker 2: so far we've sort of sailed relatively free from any 31 00:01:39,840 --> 00:01:44,360 Speaker 2: serious economic damnation from the Trump administration. So we'll see 32 00:01:44,400 --> 00:01:46,320 Speaker 2: where it lands. But at this stage it's looking more 33 00:01:46,360 --> 00:01:48,560 Speaker 2: and more likely that it'll be a photo opportunity for 34 00:01:48,720 --> 00:01:49,280 Speaker 2: our boat. 35 00:01:49,280 --> 00:01:52,240 Speaker 1: Fair point, a bit of a Griffin grint the RB You. 36 00:01:52,400 --> 00:01:54,920 Speaker 1: I've been looking at the comments from your zoobent governor 37 00:01:54,960 --> 00:01:57,680 Speaker 1: about the living standards. This is interesting. 38 00:01:59,440 --> 00:02:03,480 Speaker 2: Yeah, it's nothing new, which is sad to say, isn't it, 39 00:02:03,480 --> 00:02:06,280 Speaker 2: With the future and economics of the future, and it's 40 00:02:06,280 --> 00:02:08,840 Speaker 2: hard to see it any other way really as getting 41 00:02:08,880 --> 00:02:12,320 Speaker 2: more expensive for people here in Australia because everything's going 42 00:02:12,400 --> 00:02:16,320 Speaker 2: up except for the one thing wages. Economists are warning 43 00:02:16,600 --> 00:02:20,680 Speaker 2: that millions of Australians face this material decline in living standards, 44 00:02:20,680 --> 00:02:23,040 Speaker 2: which I also think is just a nice way of saying, 45 00:02:23,400 --> 00:02:25,079 Speaker 2: you know, we're not going to be out buying all 46 00:02:25,080 --> 00:02:27,600 Speaker 2: the latest gear for our kids, and we're not going 47 00:02:27,680 --> 00:02:30,280 Speaker 2: to have to, you know, have every single little thing 48 00:02:30,320 --> 00:02:32,280 Speaker 2: that we've been wanting to have, so we might have 49 00:02:32,320 --> 00:02:35,679 Speaker 2: to tighten the belts a little bit. The RBA interestingly here, 50 00:02:35,800 --> 00:02:38,720 Speaker 2: I mean, they have achieved the inflation rate of two 51 00:02:38,760 --> 00:02:41,280 Speaker 2: point seven percent this year, which is a huge effort 52 00:02:41,280 --> 00:02:44,000 Speaker 2: considering it at six point eight in twenty two. But 53 00:02:44,040 --> 00:02:46,680 Speaker 2: they are also warning that this first home bias scheme 54 00:02:46,720 --> 00:02:48,920 Speaker 2: and some of these schemes that the government bring in 55 00:02:48,960 --> 00:02:51,519 Speaker 2: to try and help younger people into the housing market 56 00:02:51,800 --> 00:02:56,480 Speaker 2: could actually push inflation up and put more demand, obviously 57 00:02:56,600 --> 00:03:00,840 Speaker 2: on a already struggling housing supply. You know, I just 58 00:03:00,880 --> 00:03:04,520 Speaker 2: can't see how we really make huge inroads here, Ryan, 59 00:03:05,320 --> 00:03:07,720 Speaker 2: unless we suddenly just can put a hell of a 60 00:03:07,720 --> 00:03:09,400 Speaker 2: lot of people in a lot of housing in these 61 00:03:09,960 --> 00:03:10,840 Speaker 2: struggling cities. 62 00:03:11,560 --> 00:03:13,960 Speaker 1: I meanwhile, Maya has sheared twenty one percent off at 63 00:03:14,040 --> 00:03:16,519 Speaker 1: sheer price that was at a worse fall. I think 64 00:03:16,600 --> 00:03:17,480 Speaker 1: what's going on. 65 00:03:18,919 --> 00:03:21,360 Speaker 2: It sort of points to the cost of living really, 66 00:03:21,440 --> 00:03:23,840 Speaker 2: I think doesn't know. I think people are already tightening 67 00:03:23,840 --> 00:03:26,560 Speaker 2: the belts, maybe not go out and buying quite as 68 00:03:26,600 --> 00:03:30,120 Speaker 2: much shopping and those sorts of things. They lost two 69 00:03:30,240 --> 00:03:33,520 Speaker 2: hundred and eleven point two million in the last financial year. 70 00:03:33,600 --> 00:03:37,040 Speaker 2: That's after a profit of forty three point five the 71 00:03:37,080 --> 00:03:40,119 Speaker 2: previous year. Some people are saying it's driven by non 72 00:03:40,160 --> 00:03:44,640 Speaker 2: cash impairment of goodwill. You know, they acquired apparel brands 73 00:03:44,720 --> 00:03:48,440 Speaker 2: late in twenty twenty four, things like just Jeans and 74 00:03:48,480 --> 00:03:52,840 Speaker 2: a few other areas that are probably struggling right now. Ryan. 75 00:03:52,960 --> 00:03:55,200 Speaker 2: So I think it's just more testament to the times 76 00:03:55,200 --> 00:03:58,080 Speaker 2: of people are actually tightening the belts, and you know, 77 00:03:58,120 --> 00:04:00,720 Speaker 2: these are the first ones to hit the to get 78 00:04:00,800 --> 00:04:03,360 Speaker 2: hit by these sources of restrictions. 79 00:04:03,440 --> 00:04:06,960 Speaker 1: Yeah. Interesting, Sam, appreciate your time. Sam Emory, Australia correspondent with. 80 00:04:07,000 --> 00:04:10,840 Speaker 2: Us For more from Hither Duplessy Allen Drive. Listen live 81 00:04:10,960 --> 00:04:13,840 Speaker 2: to news talks. It'd be from four pm weekdays, or 82 00:04:13,880 --> 00:04:15,960 Speaker 2: follow the podcast on iHeartRadio.