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Speaker 1: Digging through the spin spence to find the real story.

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Speaker 1: Or it's Ryan Bridge on heather d for Cellen Drive

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

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Speaker 2: They'd be good afternoon at a seven after four news talks,

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Speaker 2: they'd be coming up on the show. Consumer confidence takes

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Speaker 2: a punch in the face. What'll it do to our

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Speaker 2: spending and crucially, what will it do to our economic recovery?

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Speaker 2: We'll look at that after five. Winston Peters joins us

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Speaker 2: from DC after his meeting with Marco Rubio. What's the

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Speaker 2: latest with the JFK documents? Is there anything in there

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Speaker 2: we didn't already know? We'll ask that question. Another unsatisfied

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Speaker 2: customer for LG and Z Local Government m Z plus.

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Speaker 2: The price of gold tops three thousand US announce which

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Speaker 2: is a record. How much higher do we think it'll go?

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Speaker 3: Brian Bridge?

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Speaker 2: So not particularly encouraging reading this latest confidence survey from Westpac,

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Speaker 2: but it is fascinating for what it tells us about us.

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Speaker 2: It tells us a couple of things. Number One, we

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Speaker 2: actually do, thank you very much, watch the news and

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Speaker 2: international markets quite closely. It turns out we are quite

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Speaker 2: tuned into that and we are quite worried about the

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Speaker 2: trade war and what it could do to our numbers.

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Speaker 2: Our confidence has taken a hit as a result. We're

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Speaker 2: down eight points, still in negative territory, but we were

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Speaker 2: heading in the right direction. We're just a bit shaky

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Speaker 2: at the moment. Number two, This is all despite the

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Speaker 2: OCR cuts, the slashing from the RBNZ. None of that matters.

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Speaker 2: Is not worth an OCR cut, is not worth the

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Speaker 2: paper that it's printed on if the rest of the

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Speaker 2: world's going to hell in a handbasket.

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Speaker 3: Right.

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Speaker 2: Number three. We judge the economy and our trust in

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Speaker 2: it not just by looking at the news, but by

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Speaker 2: looking around us, which make guess makes sense, but it's

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Speaker 2: fascinating to see it laid out like this case in

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Speaker 2: Point Wellington. Confidence there through the floor in the doldrums.

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Speaker 2: Why well, the economy's weak head to the provinces though

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Speaker 2: the promised land. Anywhere with a rural backbone, people are

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Speaker 2: feeling good. You've got dairy prices up, you've got beef

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Speaker 2: prices up, you've got exports pumping, and people feel good.

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Speaker 2: Same thing in the regions with tourism. You can see

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Speaker 2: the tourists, you can hear the accents. You can hear

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Speaker 2: the tills ringing, and everything's honky dory. We need to

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Speaker 2: keep that hope and optimism alive because we have spent

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Speaker 2: and you read this report far too long, scraping the

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Speaker 2: bottom of the economic barrel in this country. We have

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Speaker 2: been we haven't been i should say, above one hundred

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Speaker 2: in this survey, which basically means feeling net positive since

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Speaker 2: twenty twenty one. You go back further, we were above

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Speaker 2: one hundred for basically the twenty years pre COVID, except

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Speaker 2: that tiny bit during the GFC. We've been down in

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Speaker 2: the dumps for five years, five long, hard years, and

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Speaker 2: we were three points in the last survey, just three

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Speaker 2: tiny points from hitting one hundred once more, rising from

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Speaker 2: the ashes, dusting ourselves off, shaking it off, and soldiering on.

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Speaker 2: And now we're back eight points. A slight setback. But

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Speaker 2: we'll push through, won't we. Once the markets adjust to

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Speaker 2: the pace of Trump's tariffs, once commerce finds a way

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Speaker 2: around cost, we'll be back on our way to the

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Speaker 2: top of that economic mountain where we all belong. Spray

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Speaker 2: and Bridge nineteen nineteen. The number to Texas gon ten

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Speaker 2: after four you're on news talk said BP, would you

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Speaker 2: like to tell you workmates about your salary? But your

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Speaker 2: contract stops you from doing that. There's a labor bill

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Speaker 2: that's going through Parliament at the moment, currently making its

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Speaker 2: way through the House to protect employees' rights to speak

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Speaker 2: about their salary. Labor National, the Greens and the Maldi

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Speaker 2: Party all voted for it at the first reading act

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Speaker 2: in New Zealand. First, we're a nay. Amy Ross is

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Speaker 2: an employment relations expert director of work Ethics. She's with

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Speaker 2: me now, Hi, Amy, Kyoda, Good to have you on

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Speaker 2: the show. Do you actually want Do you think keies

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Speaker 2: actually want to tell their workmates how much they're getting paid?

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Speaker 4: I think a lot of people do, and I think

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Speaker 4: they should have the protected right to do so if

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Speaker 4: they wish. I mean, the information about what you earn

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Speaker 4: is effectively your information, so you should be able to

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Speaker 4: share it if you want to. You shouldn't be forced to,

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Speaker 4: and you can still under this alteration say oh no,

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Speaker 4: I'll keep that to myself.

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Speaker 5: Thanks.

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Speaker 4: But if I want to be able to discuss that,

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Speaker 4: and I want to be able to identify potential inequality

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Speaker 4: in the workplace, then I should have the right to

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Speaker 4: do so. Without risking getting fired or getting called into

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Speaker 4: a disciplinary meeting.

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Speaker 2: But no one's forcing you to sign the contract, right,

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Speaker 2: There's no law that says no one can speak about

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Speaker 2: their contracts or their remuneration with one another. It's only

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Speaker 2: if you sign the contract that says you can't that

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Speaker 2: you can't.

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Speaker 4: Yeah, but I think we have to remember the real world,

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Speaker 4: there's an imbalance of power between the employer and the employee.

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Speaker 4: In fact, that's one of the opening lines in the

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Speaker 4: Employment Relations Act. And the reason we have legal protections

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Speaker 4: is that the employer is often in a position where

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Speaker 4: they can say sort of take it or leave it,

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Speaker 4: and sometimes we have to take it. So I think

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Speaker 4: we have to be realistic in that we have legal

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Speaker 4: protections for a reason, and that is to smooth out

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Speaker 4: that imbalance of power and make sure that employees can

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Speaker 4: identify inequalities in the workplace and remedy those.

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Speaker 2: Do you think they will though? I reckon that's the point.

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Speaker 2: I don't think it's the key we way to run

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Speaker 2: around and tell everyone what you earn or how much

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Speaker 2: is in your bank account, or who you voted for.

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Speaker 2: I just don't think it's in our psyche.

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Speaker 4: I think that often legislation encourages conversation and a change

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Speaker 4: in culture. And I think you're right, there is a

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Speaker 4: bit of a legacy of hangover of conservatism and being like, all,

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Speaker 4: you know, salary is status and status and that is private,

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Speaker 4: and we've got to kind of keep all that it's

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Speaker 4: under wraps. But actually it's not serving us because we

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Speaker 4: have a persistent gender and ethnic pay yet. And unless

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Speaker 4: we talk about salary and able to identify what's causing

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Speaker 4: those problems, then we can't fix it. And legislative changes

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Speaker 4: can encourage that conversation and can actually change society. And

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Speaker 4: some of the legislative changes we see now seem totally

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Speaker 4: normal now, like homosexual law reform controversy at the time,

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Speaker 4: completely normal now. And you know, legislation can do that,

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Speaker 4: it can shift our cultural thinking.

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Speaker 2: But you're not Surely you're not comparing this to homosexual

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Speaker 2: law reform.

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Speaker 4: I'm saying that's essentially what you're saying. We're not ready

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Speaker 4: for it, but legislation has to go and change our thinking. Okay, yeah,

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Speaker 4: give us our rights and protections that were deserving.

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Speaker 2: What but you have the protections now, there's no law

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Speaker 2: that says you are not allowed to discuss your remuneration.

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Speaker 2: It's only if you sign your rights away that you

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Speaker 2: lose that protection, you know what I'm saying.

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Speaker 4: Yeah, so the Act is silent on it at the moment,

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Speaker 4: which gives employers the capacity to write those clauses into

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Speaker 4: an agreement.

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Speaker 2: I mean, it's hardly a Martin Luther King moment, is it.

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Speaker 2: I mean what we're talking about.

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Speaker 6: No, But.

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Speaker 4: Let's but you know, if you're going to make the

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Speaker 4: point about we're not ready for it, it's an example

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Speaker 4: about how legislation can also shift cultural thinking over time,

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Speaker 4: and how things which seem like transformative or radical we're

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Speaker 4: not ready for it, can actually be seen later down

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Speaker 4: the track as normal. And I think that is all

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Speaker 4: this is. It's another one of the pillars in the

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Speaker 4: platform we need to build to actually eradicate an equality

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Speaker 4: and pay which in New Zealanders value fairness. You and

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Speaker 4: I would agree on that.

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Speaker 2: All right, Okay we Amy, will we have to leave

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Speaker 2: it there, but we'll see what the people think about

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Speaker 2: this one. I'm interested that you've put for a good argument.

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Speaker 2: I appreciate you coming on the show. Amy Ross, who's

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Speaker 2: an employment relations expert and director of work ethics. It's

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Speaker 2: fourteen after four, So what do we think I've told?

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Speaker 2: I think in my lifetime, I've told my partner how

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Speaker 2: much I get paid. I've told my mum and dad. No,

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Speaker 2: actually not my dad because he's a gossip. I've told

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Speaker 2: my mum. I've told my partner, and I think that's

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Speaker 2: I once stupidly told a friend when I was really

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Speaker 2: really pissed, and I immediately regretted doing it, and it's

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Speaker 2: sort of haunted me ever since. But you just don't

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Speaker 2: do it. My uncle used to say to me, don't

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Speaker 2: tell anyone what's in your bank account or how much

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Speaker 2: you get paid. It's no one's business but yours. N

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Speaker 2: nine two the number to text.

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Speaker 7: It's called it in your contract that you're allowed to

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Speaker 7: talk about that, right.

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Speaker 2: I actually don't know.

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Speaker 7: Are we going to get a visit from the boss

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Speaker 7: in a couple of minutes?

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Speaker 8: Do you know?

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Speaker 2: The thing about working in this industry as is you

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Speaker 2: can pretty much say what you like because that's what

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Speaker 2: they pay you to do.

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Speaker 7: I don't know if the Broadcasting Standards Authority agree with that.

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Speaker 2: Well, I mean, who cares about them? That'll be gone soon,

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Speaker 2: won't they? Nineteen nineteen the number to text quarter pass

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Speaker 2: for Darcy.

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Speaker 1: Next, it's the Heather Do Bussy, All and Drive Full

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Speaker 1: Show podcast on iHeartRadio powered by News Talk ZEBB.

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Speaker 2: News Talk ZIB. It's eighteen minutes after four. We're debating

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Speaker 2: this afternoon whether you tell your work colleagues how much

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Speaker 2: you get paid or not. There's a there's a law change.

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Speaker 2: Darcy's laughing. He'll be here in a second. I wouldn't

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Speaker 2: be laughing that hard, Darcy. Christian says Ryan, I negotiate

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Speaker 2: my salary for a position or a contract. What a

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Speaker 2: load of crap? Hasn't Parliament got better things to do

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Speaker 2: than debates something like this? Another says, is this honestly

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Speaker 2: what the government thinks we want solved? This is a

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Speaker 2: private member's bill, by the way, from a labor MP,

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Speaker 2: although National is supporting it. Another says Ryan, nobody shares

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Speaker 2: salary and wages with workmates. That's Roy. Roy thinks that.

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Speaker 2: Nineteen after four, Ryan, Darci Si was sport. Hey, Darcy,

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Speaker 2: it's in my contract that you can't say not allowed

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Speaker 2: to Ah.

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Speaker 9: I can share it with the law before I sign

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Speaker 9: the thing. Yeah, and I kind of have to share

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Speaker 9: it with my ex wife because maintenance.

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Speaker 2: Otherwise, No, I love that you call it maintenance like

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Speaker 2: it's a house anyway. Yeah, so why they know about

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Speaker 2: the lunch?

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Speaker 9: Look over here, this is much better.

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Speaker 3: Sorry, but the Ryan Bridge.

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Speaker 2: If I was to tell you just secretly, now, should

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Speaker 2: we just turn the mics off telling you what.

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Speaker 9: You needed to be? Shocked? Embarrassed or happy? I'm not sure.

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Speaker 2: Which is the point no one actually wants to tell.

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Speaker 2: I mean, why would you want other people to know?

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Speaker 2: It's just awkward it is.

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Speaker 9: It doesn't matter I pay tax.

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Speaker 2: Yeah exactly, I agree with you, doesn't. I just think

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Speaker 2: it's awkward for people. Why would you? And by letting

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Speaker 2: people do it and making it more available, you're just

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Speaker 2: opening up a can of worms.

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Speaker 9: Well you all know what our CEO ands. I'm sure

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Speaker 9: he's not exactly happy, but in fact we all.

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Speaker 2: Know that either, right, because it's a listed companies precise anyway,

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Speaker 2: you sport this stadium for Western Springs. So gone are

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Speaker 2: the thinking of bobs that go round and round speedway.

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Speaker 9: It is the last night of Western Springs coming up

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Speaker 9: on Saturday. Rest in peace, Western Springs. That has been

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Speaker 9: a phendon, but it has gone. Although it's managed to

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Speaker 9: come back from the dead more times than basically your

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Speaker 9: averge zombie, so you never know. But it looks like

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Speaker 9: they're going to go ahead with that stadium. Looking nothing's happened.

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Speaker 9: This is the thing that the newspaper article suggested that

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Speaker 9: or the online article that this is what they want

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Speaker 9: to do in this big it's going to be and

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Speaker 9: these are the investors and da da da da dah.

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Speaker 9: But they're talking to the council the vast expressions of interest.

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Speaker 9: But nothing, nothing's happened to you, No, nothing's actually happened,

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Speaker 9: so they don't know.

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Speaker 2: And every time I hear the ad that says this

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Speaker 2: is the last you know race at the speedway, I think, well,

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Speaker 2: that's a good way to get sales.

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Speaker 9: That they get sales anyway. People love that, and.

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Speaker 2: I love the sound of it because I can hear

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Speaker 2: it from my place and I enjoy I've never been,

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Speaker 2: but I do love the sho You.

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Speaker 9: Got Waltz last night. You get the experiences, so yeah,

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Speaker 9: put it. My fourteen year old can't stand me dragging

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Speaker 9: at the motor sports. He hates it. But Western Springs

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Speaker 9: different stories. You can see everything. Loves it quite extraordinary.

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Speaker 9: Look I hope it goes ahead. The best thing that's

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Speaker 9: going in favor of this consortium, one of four million consortiums.

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Speaker 9: It's back by three billionaires.

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Speaker 2: Oh, they get things done, don't they.

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Speaker 9: Well, Bill Foley told me years ago that's what they

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Speaker 9: plan on doing. I said, you haven't dealt with Auckland Council.

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Speaker 9: Have your pal, I'll get it done. I'm like, okay,

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Speaker 9: So now maybe it's in place, so let's see. Let's

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Speaker 9: hope they can put a train in from Auckland City.

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Speaker 2: What's on your show tonight does well.

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Speaker 9: I'm trying to cover off that consortium issue because nothing's happening.

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Speaker 9: We already know where to go with that. You know,

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Speaker 9: it's like somebody somebody. But Jason Pine caught up with

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Speaker 9: striking superstar Chris Wood today. He's obviously there, not Forest Strike,

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Speaker 9: who's done so well. He's the captain of the All

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Speaker 9: Whites playing over the weekend and he had to sit

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Speaker 9: down with him. So you'll hear that on Sports Talk

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Speaker 9: and what happens up after seven o'clock. Wow, you know,

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Speaker 9: the unknown's amazing because that's where the magic is right.

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Speaker 2: Look forward to it, Darcy, Thank you, Darcy Wadgrave here

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Speaker 2: after seven news talks, there'd be twenty two minutes after

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Speaker 2: four Ryan, I'm a teacher. We all know that each

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Speaker 2: other what each other earns as it's a schedule or

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Speaker 2: a step that each person is on. Anyone can look

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Speaker 2: it up. Yeah there are I mean same. I actually

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Speaker 2: when I worked at Radio and New Zealand years ago,

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Speaker 2: same thing happened there.

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Speaker 3: You had steps, but.

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Speaker 2: Even not everyone knew what step you were on. Anyway,

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Speaker 2: I digress, Dan Mitchison here after the news back in a.

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Speaker 1: Jiffy informed inside into today's issues. It's Ryan Bridge on

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Speaker 1: hither duplicy Ellen drive with one New Zealand let's get

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Speaker 1: connected news talks, they'd be.

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Speaker 2: Four twenty five. So we know midget racing will be

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Speaker 2: no more at Western Springs Stadium. But what next? That

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Speaker 2: is the question. The counsel has put out a statement

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Speaker 2: and they have announced that there can considering. This is

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Speaker 2: Auckland Council considering three different options for what happens next

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Speaker 2: at Western Springs. Now one of the two of them

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Speaker 2: will cost the ratepayer nudder and one will cost a lot.

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Speaker 2: And that one is from the Ponsonby Rugby Club. They

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Speaker 2: want to extend their occupancy. They want to do a

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Speaker 2: whole bunch of other sports anyway that will cost the council.

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Speaker 2: Then there are two others. One is apparently from the

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Speaker 2: outfit that runs Lane Way, that's the music festival that

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Speaker 2: a lot of people love in Auckland, with a maximum

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Speaker 2: capacity of forty five thousand for some sort of stadium.

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Speaker 2: And the other is an MWF new co. This is

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Speaker 2: your Anna mo Mobray, Bill Foley and Ali Williams twelve

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Speaker 2: five hundred seat stadium that apparently they would bankroll. Now

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Speaker 2: what exactly this means and what the council will do

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Speaker 2: about these three options yet to be decided. But Morris

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Speaker 2: Williamson is on the show. He's on the huddle actually

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Speaker 2: tonight after five thirty, so we'll talk to him about

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Speaker 2: that then in the meantime, lots more to come. Tony

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Speaker 2: Alexander has done an ophead for the Herald and I

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Speaker 2: want to read some of it to you in just

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Speaker 2: a few minutes. Because optimistic as I was about our

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Speaker 2: economic future to begin the program, he's not so much. Also,

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Speaker 2: if you are a pickleman or a pickle woman, then

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Speaker 2: you'll want to tune in, especially if you buy cheap

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Speaker 2: jars for your pickles. News Talks B to the US.

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Speaker 10: Next day's coming. So if this were man.

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Speaker 1: On the iHeart app and in your car on your

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Speaker 1: drive home, it's Ryan Bridge on hither du Percy Alan

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Speaker 1: drive with one New Zealand let's get connected.

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Speaker 3: News Talks DBAs.

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Speaker 5: To have.

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Speaker 2: Wadnestly Now, good afternoon, it is twenty five minutes away

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Speaker 2: from five. You're on News Talks VB. So Auckland Council

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Speaker 2: is looking at a replacement for Western Springs. We've just

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Speaker 2: been chatting about it. Lots of feedback on this. People

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Speaker 2: quite worked up about the whole process. Won't go into it,

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Speaker 2: but Michael says there has to be open disclosure about

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Speaker 2: Western Springs and its future. Because you've got your Animo Bras,

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Speaker 2: your Bill foley Is, your Ali Williams coming together for

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Speaker 2: a consortium to have a stadium there. This is for

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Speaker 2: their football team. This is the statement from Auckland Council.

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Speaker 2: The governing body is expected to make a decision an

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Speaker 2: early mail on its preferred option for Western Springs stadium's future.

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Speaker 2: Auckland Is will then be invited to have theirssay through

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Speaker 2: public consultation. So there you go, they at least give

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Speaker 2: the appearance that you will have a say in the matter.

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Speaker 2: It's twenty four minutes away from five.

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Speaker 3: It's the world wires on News Talks Drive.

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Speaker 2: We need to Winston Peter's out of Washington after five.

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Speaker 2: No ceasefire out of this chat between Trump and Putin,

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Speaker 2: but the former happy with how things went. All the

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Speaker 2: same the.

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Speaker 11: Sea Spiro without going a little bit further, it would

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Speaker 11: have been tough. Russia has the advantage, as you know,

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Speaker 11: they have encircled about two five hundred soldiers. They're nicely encircled,

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Speaker 11: and that's not good and we want to get it

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Speaker 11: over with. Look, we're doing this. There are no Americans involved.

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Speaker 11: There could be able to end up in World War

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Speaker 11: three over this.

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Speaker 2: So what they've agreed to is no firing on energy

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Speaker 2: infrastructure at the moment. That's it. This claim, by the way,

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Speaker 2: that Ukrainian troops are in circles has not been independently

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Speaker 2: verified by any international media outside of what Putin has said.

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Speaker 2: The stranded astronaut saga finally has come to a close.

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Speaker 3: And Splashdown Crew nine back on Earth.

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Speaker 12: Copy Splashdown We see mein shoots cut nixt Alex Butch

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Speaker 12: Sunny on behalf of SpaceX.

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Speaker 3: Welcome home.

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Speaker 2: Yeah, go and have a shower and a line down. Finally,

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Speaker 2: this afternoon, the US Fish and Wildlife Service is encouraging

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Speaker 2: Americans to hunt down green iguanas and eat them. The

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Speaker 2: agency has released a list of five invasive species that

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Speaker 2: can safely be cooked and eaten, and the iguana is

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Speaker 2: on the list. Apparently they go quite well in the

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Speaker 2: stew with potatoes and carrots.

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Speaker 1: And I thank you International correspondence with ends and Eye Insurance,

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Speaker 1: Peace of mind for New Zealand business.

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Speaker 2: Dan Machison is our US correspondent with US this afternoon. Dan,

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Speaker 2: good afternoon.

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Speaker 12: Hey, good afternoon, Ryan.

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Speaker 2: So no ceasefire, but I mean there at least there

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Speaker 2: is something a pause on infrastructure energy, infrastructure strikes.

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Speaker 12: Yeah, I mean, and like you're saying, at least they

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Speaker 12: talked and a little bit of progress was made. It

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Speaker 12: was interesting. I found that the Putin, who is notorious

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Speaker 12: for keeping world leaders waiting, was speaking at this conference

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Speaker 12: right up until the time that he was supposed to

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Speaker 12: speak with President Trump, and he didn't seem very worried

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Speaker 12: about it. And he had somebody who was moderating the event,

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Speaker 12: kept looking at as a watch and saying, shouldn't you

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Speaker 12: shouldn't you be back at the Kremlin right now? Speaking

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Speaker 12: with the President. He was like, no, no, we're not

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Speaker 12: going to worry about that. But but again, uh, Trump

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Speaker 12: was on social media he said the talk ended with

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Speaker 12: understanding that they're gonna be working quickly, and uh, you know,

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Speaker 12: he wants an end of this thing. At least, that's

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Speaker 12: what he's saying. Whether or not something will come to

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Speaker 12: fruition between him and mister Putin, that's that's yet to

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Speaker 12: be seen.

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Speaker 2: And obviously Trump is saying, well, I mean, he's not

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Speaker 2: exactly coming out in bashing Potent like he did with Zelensky.

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Speaker 2: I mean, how's that going down? No, it's not.

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Speaker 12: I mean I think he is. He's walking a little

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Speaker 12: bit of a tight rope. I think that you've got

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Speaker 12: more people demanding this end to to the war in

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Speaker 12: Europe than you do over here. Right now, you've heard

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Speaker 12: him trying to say that that they have they had

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Speaker 12: these these troops encircled, which, as you mentioned, we have

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Speaker 12: not verified that over here. And you know that the

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Speaker 12: Americans could be involved in World War three, which is

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Speaker 12: just trying to scare people at this point in time.

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Speaker 12: So I think Putnin is going to try to drag

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Speaker 12: this out as long as possible, and what kind of

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Speaker 12: deal will be made, I think will depend more on unfortunately,

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Speaker 12: between the US and Russia that it will be on Ukraine,

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Speaker 12: which is sad.

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Speaker 2: Can you give us a cent? I was watching Fox

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Speaker 2: News for my sins for a couple of hours yesterday.

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Speaker 2: I just so happened to be had the time, and

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Speaker 2: there's actually very little coverage of the war in Ukraine.

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Speaker 2: I mean, there are a lot bigger domestic issues going on,

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Speaker 2: whereas over here it seems to be all that we're

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Speaker 2: talking about. And I mean we're probably the furthest country

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Speaker 2: that you could ever imagine from Ukraine in terms of

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Speaker 2: how we're directly affected by it. Is that fear that

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Speaker 2: actually most Americans sort of don't really think about it.

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Speaker 3: Well.

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Speaker 12: I think it's been put on the back burner, especially

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Speaker 12: with the presidential election that we had back in November,

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Speaker 12: and with the state of the economy right now and

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Speaker 12: with Elon Musk. But one of the things that I've

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Speaker 12: always loved about New Zealand, and I've always said about

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Speaker 12: everybody in that country, is I think you have a

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Speaker 12: broader scope of what is going on in the world.

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Speaker 12: And when I've talked to colleagues down there that they

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Speaker 12: say that is because we are a little bit more isolated.

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Speaker 12: You have fifty giant states that you're trying to track

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Speaker 12: news around right now. We have our country a four

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Speaker 12: million plus, but we are very interested in the outside world.

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Speaker 12: So I think you get a lot more perhaps international news,

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Speaker 12: and a lot more interest in that down in your

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Speaker 12: part of the world than we do up here a

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Speaker 12: lot of the time.

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Speaker 2: Yeah, we're gona nothing's happening here. That's why not true.

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Speaker 2: That is not hey with anything going on, anything juicy

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Speaker 2: in these JFK documents.

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Speaker 12: I wish I wish we could say that we have

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Speaker 12: something to report on. And the fact that they drag

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Speaker 12: this out and didn't release these documents and do this

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Speaker 12: big dump until just a short time ago is saying something.

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Speaker 12: Right now, we were told that we were going to have,

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Speaker 12: you know, eighty thousand documents previously unreleased information in them.

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Speaker 12: Right now, most of these that we are looking at

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Speaker 12: and this and historians are going to tell you this

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Speaker 12: is going to take time to go through. Most of

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Speaker 12: the files are just scans of documents. We have some

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Speaker 12: blurred or difficult to read notes. There are photographs, are

436
00:22:08,520 --> 00:22:11,840
Speaker 12: sound recordings, mostly from the sixties. There are conspiracy theories

437
00:22:11,840 --> 00:22:15,520
Speaker 12: that are in there right now, several about the Warrant

438
00:22:15,520 --> 00:22:18,520
Speaker 12: Commission that looked into the assassination. But there is not

439
00:22:18,800 --> 00:22:21,359
Speaker 12: one shining bright light that says this is going to

440
00:22:21,359 --> 00:22:24,359
Speaker 12: put this to rest and answer all these conspiracy theories.

441
00:22:24,800 --> 00:22:26,840
Speaker 2: Funny and it makes you wonder why on earth would

442
00:22:26,840 --> 00:22:29,680
Speaker 2: they not have released this years ago, decades ago?

443
00:22:29,840 --> 00:22:31,800
Speaker 3: You know, Well, it's true.

444
00:22:31,840 --> 00:22:35,200
Speaker 12: And an interesting thing is we sort of have Oliver

445
00:22:35,280 --> 00:22:38,320
Speaker 12: Stone to thank for that, because when the movie Born

446
00:22:38,320 --> 00:22:40,119
Speaker 12: on the fourth of July came out, that's when there

447
00:22:40,160 --> 00:22:42,280
Speaker 12: was a lot more interest in this, and they said, okay,

448
00:22:42,440 --> 00:22:44,800
Speaker 12: we're going to release everything within the next twenty five

449
00:22:44,880 --> 00:22:47,400
Speaker 12: years because that movie got a lot of a lot

450
00:22:47,400 --> 00:22:48,199
Speaker 12: of people talking.

451
00:22:50,040 --> 00:22:51,800
Speaker 2: Nice one, Dan, thank you for that damn much. The

452
00:22:52,080 --> 00:22:55,240
Speaker 2: US correspondent time is eighteen minutes away from five right

453
00:22:55,480 --> 00:22:57,959
Speaker 2: and Bridge. So well, ever, Winston Pete is out of Washington,

454
00:22:58,000 --> 00:23:00,520
Speaker 2: d C. After five o'clock. We'll also look to five

455
00:23:00,600 --> 00:23:03,800
Speaker 2: at this issue of consumer confidence. We at a Westpac

456
00:23:03,880 --> 00:23:06,560
Speaker 2: survey out today. Is it bad news for our recovery.

457
00:23:07,080 --> 00:23:09,480
Speaker 2: Are you a pickleman or pickle woman? If you are,

458
00:23:09,720 --> 00:23:14,919
Speaker 2: look out. Kmart is recalling exploding pickle jars. It's like

459
00:23:15,000 --> 00:23:18,560
Speaker 2: the David Seymour exploding lunch. But it's glass, so probably

460
00:23:18,600 --> 00:23:22,760
Speaker 2: a dance site. More dangerous. It's the Ancho branded glass

461
00:23:22,920 --> 00:23:27,040
Speaker 2: pickle jar. It says it can break or explode. Fermented

462
00:23:27,080 --> 00:23:30,119
Speaker 2: food is what does? It can build up gas and

463
00:23:30,240 --> 00:23:32,680
Speaker 2: cause the jar to explode or make the lid difficult

464
00:23:32,760 --> 00:23:35,000
Speaker 2: to remove. So be careful out there people. It is

465
00:23:35,040 --> 00:23:38,200
Speaker 2: a dangerous world, even for a picklemen and pickle woman.

466
00:23:39,320 --> 00:23:41,400
Speaker 2: Eighteen minutes away from five berries oper.

467
00:23:41,200 --> 00:23:44,800
Speaker 1: Next politics with centric credit, check your customers and get

468
00:23:44,840 --> 00:23:46,120
Speaker 1: payment certainty.

469
00:23:46,000 --> 00:23:48,480
Speaker 2: Talks be quarter to five Barry soaper so here, Hey Berry,

470
00:23:48,800 --> 00:23:49,520
Speaker 2: good a Ryan?

471
00:23:49,560 --> 00:23:52,080
Speaker 13: I must I say it the outset that you're always

472
00:23:52,080 --> 00:23:54,640
Speaker 13: talking about what you're earning. You were say you earn

473
00:23:54,680 --> 00:23:55,240
Speaker 13: a pittance.

474
00:23:57,000 --> 00:23:59,320
Speaker 2: That is true exactly, But if you earned a lot,

475
00:23:59,359 --> 00:24:00,720
Speaker 2: you wouldn't tell anyone, would you?

476
00:24:01,080 --> 00:24:02,720
Speaker 13: Oh you're always complaining?

477
00:24:03,920 --> 00:24:06,879
Speaker 2: Hey, are we softening our anti nuclear stances with India?

478
00:24:06,880 --> 00:24:08,920
Speaker 2: What's the story about? Or is it rubbish?

479
00:24:09,400 --> 00:24:09,480
Speaker 5: This?

480
00:24:09,680 --> 00:24:13,240
Speaker 13: It's rubbish. I mean we're not. I mean if it

481
00:24:13,480 --> 00:24:17,960
Speaker 13: means saying something to the extent that Chris Luxon said

482
00:24:18,000 --> 00:24:21,480
Speaker 13: to the Indian Prime Minister to soften the Indians up

483
00:24:21,480 --> 00:24:25,120
Speaker 13: in some way towards a free trade agreement as Switzerland.

484
00:24:25,440 --> 00:24:29,040
Speaker 13: They've got a free trade agreement and they now agree

485
00:24:29,119 --> 00:24:34,280
Speaker 13: that they well, they don't say they'll support because India

486
00:24:34,440 --> 00:24:38,160
Speaker 13: can't join the Nuclear Suppliers Group.

487
00:24:38,240 --> 00:24:39,960
Speaker 9: Now, this Suppliers Group's.

488
00:24:39,720 --> 00:24:43,480
Speaker 13: Got nothing to do with weapons. It's about the transfer

489
00:24:43,640 --> 00:24:47,879
Speaker 13: of nuclear technology in terms of building nuclear power stations

490
00:24:47,880 --> 00:24:51,960
Speaker 13: and the like. Now, in the statement that both the

491
00:24:52,040 --> 00:24:55,560
Speaker 13: leaders made was they acknowledged the importance of upholding the

492
00:24:55,600 --> 00:25:00,119
Speaker 13: global nuclear disarmament and non proliferation regime. Now that it's

493
00:25:00,359 --> 00:25:05,080
Speaker 13: important for India because they won't sign the non Proliferation pack.

494
00:25:05,240 --> 00:25:08,320
Speaker 13: They say it's discriminatory, that's why they won't go there.

495
00:25:08,440 --> 00:25:11,959
Speaker 13: I'm not quite sure what they base that argument on. Nevertheless,

496
00:25:12,000 --> 00:25:15,280
Speaker 13: they say that, but both leaders acknowledge the value of

497
00:25:15,359 --> 00:25:20,080
Speaker 13: India joining the Nuclear Suppliers Group in the context of

498
00:25:20,440 --> 00:25:25,440
Speaker 13: the predictability for India's clean energy goals. Now, without some

499
00:25:25,480 --> 00:25:28,280
Speaker 13: sort of nuclear power plants and stuff, you're not going

500
00:25:28,320 --> 00:25:34,640
Speaker 13: to achieve zero carbon by twenty fifty and country after

501
00:25:34,760 --> 00:25:37,680
Speaker 13: country is now dropping out of that. So for Chris

502
00:25:38,080 --> 00:25:41,919
Speaker 13: Hipkins to come out and say, oh, they've put foreign

503
00:25:42,280 --> 00:25:46,560
Speaker 13: anti nuclear foreign policy up for grabs as plainly ridiculous.

504
00:25:46,600 --> 00:25:49,120
Speaker 13: He's got to look at what happens in the context

505
00:25:49,200 --> 00:25:49,760
Speaker 13: of all checks.

506
00:25:51,520 --> 00:25:54,200
Speaker 2: But it raises an instant question, Barry, that you can't

507
00:25:54,200 --> 00:25:57,000
Speaker 2: have all your principles and values and virtues all at once,

508
00:25:57,080 --> 00:25:58,600
Speaker 2: can you. I mean, at some point you've got to

509
00:25:58,600 --> 00:26:02,160
Speaker 2: click between climate change yet your climate change credentials and

510
00:26:02,240 --> 00:26:04,800
Speaker 2: your anti nuclear starts. Yeah, well, I mean.

511
00:26:04,880 --> 00:26:07,840
Speaker 13: In the end that's what it probably will come down to,

512
00:26:08,080 --> 00:26:11,240
Speaker 13: because you can't achieve these goals without nuclear exactly.

513
00:26:11,560 --> 00:26:16,520
Speaker 2: Now this is comart. Dean Wickliffe, aka convicted murderer and

514
00:26:16,560 --> 00:26:20,560
Speaker 2: then manslaughter, should be released from prison according.

515
00:26:20,160 --> 00:26:25,159
Speaker 13: To Tamitha Paul. Now she's the Green MP. What's wrong

516
00:26:25,200 --> 00:26:28,880
Speaker 13: with Wellington Central these days? They gave her more than

517
00:26:28,920 --> 00:26:33,240
Speaker 13: a six thousand vote majority there over the Labor incumbent,

518
00:26:33,280 --> 00:26:35,840
Speaker 13: who wasn't very good anyway, but you know it's a

519
00:26:35,880 --> 00:26:38,240
Speaker 13: relatively important seat and they've given it to this woman.

520
00:26:38,760 --> 00:26:40,359
Speaker 2: They were riding bikes and that you get a lot

521
00:26:40,359 --> 00:26:41,680
Speaker 2: of head knocks and ride a bike.

522
00:26:42,080 --> 00:26:46,160
Speaker 13: I've lived at Wellington Central for many years, but it's incredible,

523
00:26:46,200 --> 00:26:50,320
Speaker 13: so it's very green at the moment. But Dean Wickliffe,

524
00:26:50,400 --> 00:26:53,960
Speaker 13: he is one of the most notorious criminals in this country.

525
00:26:54,040 --> 00:26:57,000
Speaker 13: He walked into a jeweler's store in Wellington, as we

526
00:26:57,080 --> 00:27:00,480
Speaker 13: said the other day, shot a man, shot the juweler

527
00:27:00,520 --> 00:27:03,920
Speaker 13: Peter Meet with a pistol and then walked out. Later

528
00:27:04,040 --> 00:27:06,760
Speaker 13: he was he appealed as conviction for murder and he

529
00:27:06,800 --> 00:27:09,440
Speaker 13: got off with Manstoll for saying that he didn't really

530
00:27:09,480 --> 00:27:12,080
Speaker 13: mean to shoot him whereas he walked in with a

531
00:27:12,080 --> 00:27:15,680
Speaker 13: loaded pistol. I don't quite know how that went. But nevertheless,

532
00:27:16,560 --> 00:27:19,879
Speaker 13: the Green Party, through Tamotha Pool is calling for the

533
00:27:19,960 --> 00:27:24,480
Speaker 13: compassionate release of Dean Wickcliffe, who's now seventy seven. They

534
00:27:24,480 --> 00:27:27,800
Speaker 13: say they refer to him as Coomar Tour. Now in

535
00:27:27,840 --> 00:27:32,160
Speaker 13: my book, Coomar Tour is a respected mild y older well.

536
00:27:32,320 --> 00:27:34,920
Speaker 13: I don't know how he achieved that status, but nevertheless,

537
00:27:35,200 --> 00:27:39,720
Speaker 13: the I think the biggest record that Dean Cliff, Dean

538
00:27:39,760 --> 00:27:42,480
Speaker 13: Wickcliffe has ever had in his life is escaping from

539
00:27:42,520 --> 00:27:47,160
Speaker 13: Perima Remo maximum security prison twice. Yeah, I mean he's

540
00:27:47,320 --> 00:27:49,680
Speaker 13: very good at that. But they say, look, he should

541
00:27:49,760 --> 00:27:54,800
Speaker 13: be released because you know his protest so he's on

542
00:27:54,800 --> 00:27:56,440
Speaker 13: a hunger strike exactly.

543
00:27:56,440 --> 00:27:59,960
Speaker 2: But this annoys me bery because if I can understand

544
00:28:00,119 --> 00:28:02,520
Speaker 2: if he was beaten up by a security guard at

545
00:28:02,560 --> 00:28:05,480
Speaker 2: the prison, then that should be followed up and dealt with,

546
00:28:06,000 --> 00:28:08,680
Speaker 2: and whether that happens to a murderer or a shoplift

547
00:28:08,760 --> 00:28:12,399
Speaker 2: or whatever. But asking the government to get involved in

548
00:28:12,440 --> 00:28:14,440
Speaker 2: the release of a prisoner.

549
00:28:14,119 --> 00:28:16,240
Speaker 13: They said the Minister of Corrections. Now, don't forget time

550
00:28:16,280 --> 00:28:18,919
Speaker 13: of the Paul is a correction spokesperson for the Greens,

551
00:28:19,160 --> 00:28:21,679
Speaker 13: so theoretically in a coalition government she could be the

552
00:28:21,720 --> 00:28:26,119
Speaker 13: Corrections Minister. But so you know, she says that people

553
00:28:26,119 --> 00:28:28,720
Speaker 13: in prison of human beings and have rights and the

554
00:28:28,800 --> 00:28:32,600
Speaker 13: minister has a duty to ensure that those rights are upheld. Well,

555
00:28:33,160 --> 00:28:35,680
Speaker 13: Paul told us on TikTok today this is another one

556
00:28:35,680 --> 00:28:39,720
Speaker 13: of her activities that tonight she'll be talking about the

557
00:28:39,760 --> 00:28:41,840
Speaker 13: abolition of the police.

558
00:28:42,000 --> 00:28:45,360
Speaker 14: I'm doing an event at the University of Canterbury with

559
00:28:45,680 --> 00:28:50,160
Speaker 14: Pea section Autotahe to talk about the police and what

560
00:28:50,240 --> 00:28:54,840
Speaker 14: alternatives we could have to the police and what radical

561
00:28:55,160 --> 00:29:00,000
Speaker 14: kind of police abolition could look like in real terms.

562
00:29:00,520 --> 00:29:02,400
Speaker 13: I think the answer to that one is I can

563
00:29:02,400 --> 00:29:05,160
Speaker 13: answer that straight away. But look, she is this police

564
00:29:05,360 --> 00:29:08,920
Speaker 13: police spokeswoman for the Greens, along with corrections of course,

565
00:29:08,960 --> 00:29:12,400
Speaker 13: so you know she's there to speak about these things.

566
00:29:12,840 --> 00:29:15,800
Speaker 2: They'll get votes out of that. Barry, Well, if you Green,

567
00:29:15,920 --> 00:29:16,400
Speaker 2: you may do.

568
00:29:16,640 --> 00:29:18,560
Speaker 8: Yeah, goodness me, God forbid.

569
00:29:18,640 --> 00:29:20,880
Speaker 2: All right, Barry, thank you very much for that. Barry Soaper,

570
00:29:21,040 --> 00:29:24,480
Speaker 2: News Talks, v Senior political correspondent, just gone eight minutes

571
00:29:24,520 --> 00:29:27,280
Speaker 2: away from five here on News Talks. Heb we'll get

572
00:29:27,280 --> 00:29:29,360
Speaker 2: to Winston after five. We're also going to talk about that.

573
00:29:30,040 --> 00:29:32,680
Speaker 2: Oh tell you what I'll do next is Tony Alexander.

574
00:29:33,160 --> 00:29:35,480
Speaker 2: He has written a piece for The Herald about the

575
00:29:35,520 --> 00:29:39,840
Speaker 2: state of play for Visa VI, the economy and housing.

576
00:29:40,280 --> 00:29:43,080
Speaker 2: Really interesting. But from that next.

577
00:29:42,920 --> 00:29:46,520
Speaker 3: Digging into the issues that affect you. The my casking.

578
00:29:46,200 --> 00:29:48,680
Speaker 15: Breakfast tone calls come and gone. It seems to have

579
00:29:48,800 --> 00:29:51,720
Speaker 15: had limited success for you. Where does that leave them

580
00:29:52,000 --> 00:29:54,200
Speaker 15: and can they now argue that you see it told

581
00:29:54,200 --> 00:29:55,680
Speaker 15: you Pluton doesn't want peace.

582
00:29:55,880 --> 00:29:58,000
Speaker 16: I think he can see you on the sidelines really

583
00:29:58,360 --> 00:30:00,960
Speaker 16: for now because it the dynamic.

584
00:30:01,000 --> 00:30:05,360
Speaker 15: Donald Trump supported Vladimir Putin's idea to organize hockey matches

585
00:30:05,360 --> 00:30:08,000
Speaker 15: in the US and Russia between Russian and American players

586
00:30:08,000 --> 00:30:09,080
Speaker 15: and the NHL and cage.

587
00:30:09,160 --> 00:30:09,760
Speaker 2: Oh there you go.

588
00:30:09,920 --> 00:30:11,920
Speaker 15: So it wasn't a bust after I was going it

589
00:30:11,960 --> 00:30:14,200
Speaker 15: was exactly so they got the hockey store way back.

590
00:30:14,240 --> 00:30:16,840
Speaker 15: Tomorrow at six am, the Mike Hosking Breakfast with the

591
00:30:16,920 --> 00:30:18,840
Speaker 15: Rain drover of the laugh News talk zby.

592
00:30:20,720 --> 00:30:22,760
Speaker 2: Great to have your company just gone six minutes away

593
00:30:22,760 --> 00:30:26,520
Speaker 2: from five. Tony Alexander, respected economist, does a lot on housing,

594
00:30:26,560 --> 00:30:29,080
Speaker 2: writes for The Herald, occasionally done an up here today.

595
00:30:29,120 --> 00:30:31,720
Speaker 2: And it's really interesting because I've been talking up our

596
00:30:31,840 --> 00:30:34,720
Speaker 2: tour when we all have really tourism are coming back,

597
00:30:34,800 --> 00:30:37,160
Speaker 2: especially in February. We were up to ninety three percent

598
00:30:37,240 --> 00:30:40,680
Speaker 2: of pre COVID for February. That was thanks in part

599
00:30:40,720 --> 00:30:44,320
Speaker 2: to the Chinese New Year, but also our dairy prices,

600
00:30:44,560 --> 00:30:47,600
Speaker 2: our beef prices, our sheep meat, all of it's been

601
00:30:47,600 --> 00:30:51,960
Speaker 2: doing pretty well price wise and volume wise. Tony Alexander comes.

602
00:30:52,000 --> 00:30:54,400
Speaker 2: It's a little bit of raining on the parade here,

603
00:30:54,560 --> 00:30:58,200
Speaker 2: some sobering observations. I thought i'd share them with you, thankfully.

604
00:30:58,280 --> 00:31:00,560
Speaker 2: He writes. The returns and the Deer and the beef

605
00:31:00,560 --> 00:31:03,280
Speaker 2: sectors are currently quite good and will provide some insulation

606
00:31:03,400 --> 00:31:06,080
Speaker 2: when the disturbance comes our way. This is trump in

607
00:31:06,120 --> 00:31:09,680
Speaker 2: the trade train, but it pays to note that drought

608
00:31:09,680 --> 00:31:12,240
Speaker 2: has been declared in several regions around the country and

609
00:31:12,280 --> 00:31:15,240
Speaker 2: for those affected, the good prices being received will mean

610
00:31:15,320 --> 00:31:19,240
Speaker 2: little when production volumes fall away. That, along with the

611
00:31:19,280 --> 00:31:22,160
Speaker 2: stalling of the tourism sector recovery post COVID, is why

612
00:31:22,160 --> 00:31:25,440
Speaker 2: I talk about this recovery in the economy being export

613
00:31:25,560 --> 00:31:31,200
Speaker 2: lead is perhaps a tad misplaced. He writes. Exports will contribute,

614
00:31:31,320 --> 00:31:34,120
Speaker 2: for sure, but the New Zealand dollar is only around

615
00:31:34,120 --> 00:31:36,600
Speaker 2: two cents lower than it was a year ago against

616
00:31:36,640 --> 00:31:40,880
Speaker 2: the greenback. This matters because coming out of the previous

617
00:31:41,040 --> 00:31:44,600
Speaker 2: three recessions in this economy, the currency had fallen ten

618
00:31:44,640 --> 00:31:47,480
Speaker 2: to fifteen cents and provided a strong jolt to kick

619
00:31:47,560 --> 00:31:51,080
Speaker 2: up the backside and export returns in regional economies. And

620
00:31:51,120 --> 00:31:55,600
Speaker 2: this is where things get slightly spicy for us. The recovery,

621
00:31:56,160 --> 00:31:59,960
Speaker 2: writes Tony Alexander, will be more evenly spread around the

622
00:32:00,200 --> 00:32:04,080
Speaker 2: country than usual and rely on the willingness of householders

623
00:32:04,360 --> 00:32:08,600
Speaker 2: to spend, which is exactly why this confidence survey that's

624
00:32:08,640 --> 00:32:12,920
Speaker 2: been released today is bad news. We're down eight points.

625
00:32:13,440 --> 00:32:16,200
Speaker 2: It's not looking good. We were on the way up.

626
00:32:16,880 --> 00:32:19,160
Speaker 2: We're not back to where we were a couple of years,

627
00:32:19,280 --> 00:32:21,280
Speaker 2: a couple of months ago, but we were on the

628
00:32:21,280 --> 00:32:23,840
Speaker 2: way up and now we're going back down. People are

629
00:32:23,840 --> 00:32:26,440
Speaker 2: worried about the trade war, people are worried about what's

630
00:32:26,480 --> 00:32:30,720
Speaker 2: going on around the world. Does that mean they'll stop spending?

631
00:32:30,960 --> 00:32:33,480
Speaker 2: That's the key question, and we'll ask WESPACT. I've done

632
00:32:33,480 --> 00:32:35,400
Speaker 2: the survey. We'll ask them. They're on the show after

633
00:32:35,440 --> 00:32:38,000
Speaker 2: five o'clock. We're also gonna talk to Winston Peters. He's

634
00:32:38,000 --> 00:32:42,640
Speaker 2: out of Washington. Had a good chat with Marco Rubio.

635
00:32:42,800 --> 00:32:46,960
Speaker 2: Been very diplomatic as Winston. But I suppose you would

636
00:32:46,960 --> 00:32:49,760
Speaker 2: be after your first sit down meeting with the Secretary

637
00:32:49,800 --> 00:32:52,240
Speaker 2: of State and in an incoming government. You're on news

638
00:32:52,320 --> 00:33:04,640
Speaker 2: talksb get cat of Boney Kag We did bregain?

639
00:33:05,200 --> 00:33:11,160
Speaker 10: If you know, put them we.

640
00:33:11,320 --> 00:33:13,040
Speaker 2: Do you know?

641
00:33:14,320 --> 00:33:19,320
Speaker 3: Put the we dog?

642
00:33:19,920 --> 00:33:24,600
Speaker 17: If you know all the time, put some mazy.

643
00:33:26,640 --> 00:33:32,080
Speaker 1: Questions, answers, facts, analysis, the drive show you trust for

644
00:33:32,160 --> 00:33:35,720
Speaker 1: the full picture. Brian Bridge on Hither Duplicy allan Drive

645
00:33:35,960 --> 00:33:37,240
Speaker 1: with one new Zealand.

646
00:33:37,400 --> 00:33:39,160
Speaker 3: Let's get connected news talks.

647
00:33:39,200 --> 00:33:42,160
Speaker 2: That'd be good evening. It is seven after five. Washington

648
00:33:42,320 --> 00:33:45,440
Speaker 2: will be in Washington next with Winston Peters. He's been

649
00:33:45,480 --> 00:33:47,880
Speaker 2: meeting with Marco Rubio over there is first sit down

650
00:33:47,920 --> 00:33:50,960
Speaker 2: with the new Secretary of State right now though, Westpac,

651
00:33:51,160 --> 00:33:54,440
Speaker 2: in its latest consumer confidence survey has found that we're

652
00:33:54,480 --> 00:33:57,840
Speaker 2: down eight points this month to eighty nine point two

653
00:33:58,040 --> 00:34:00,800
Speaker 2: and number over one hundred is positive. So we're a

654
00:34:00,800 --> 00:34:04,480
Speaker 2: bit off that Wellington in the Doldrums South Island is

655
00:34:04,640 --> 00:34:07,240
Speaker 2: particularly south of the South, looking quite good. A lot

656
00:34:07,360 --> 00:34:12,320
Speaker 2: rosier there. Westpac senior economist statist Ranchot is with me tonight.

657
00:34:12,640 --> 00:34:15,560
Speaker 2: Good evening, Hey Ryan Hoia, Yeah, good, thank you. So

658
00:34:15,680 --> 00:34:17,720
Speaker 2: this is what do you put it down to global

659
00:34:17,760 --> 00:34:20,600
Speaker 2: factors the ongoing cost of living feeling.

660
00:34:21,360 --> 00:34:23,399
Speaker 18: I think both of those factors are raising a lot

661
00:34:23,440 --> 00:34:26,400
Speaker 18: of concerns for the household right now. The global outlook

662
00:34:26,400 --> 00:34:28,719
Speaker 18: has become just so much more on certain just over

663
00:34:28,719 --> 00:34:32,080
Speaker 18: the past couple of weeks, and many households are still

664
00:34:32,120 --> 00:34:35,400
Speaker 18: dealing with the impact of big consumer price raises over

665
00:34:35,440 --> 00:34:36,440
Speaker 18: the last couple of years.

666
00:34:36,640 --> 00:34:38,560
Speaker 2: We were coming out of it though, when we were

667
00:34:38,560 --> 00:34:41,080
Speaker 2: on the up and this is this is a setback

668
00:34:41,120 --> 00:34:42,399
Speaker 2: in our confidence, isn't it?

669
00:34:42,880 --> 00:34:44,839
Speaker 18: Confidence has taken a little bit of a step down

670
00:34:44,880 --> 00:34:47,719
Speaker 18: after it's been trending high for the past year. I

671
00:34:47,760 --> 00:34:49,640
Speaker 18: think if we look to the rest of this year,

672
00:34:49,640 --> 00:34:52,680
Speaker 18: we are going to see confidence and economic activity continuing

673
00:34:52,680 --> 00:34:55,400
Speaker 18: to climb. We've had some big interest rate reductions and

674
00:34:55,440 --> 00:34:58,000
Speaker 18: we haven't felt the full impact of that yet. But

675
00:34:58,200 --> 00:35:00,719
Speaker 18: as people roll into Law six Morgodre, I think we'll

676
00:35:00,719 --> 00:35:02,840
Speaker 18: see a gradual recovery. But the key thing here is

677
00:35:03,120 --> 00:35:05,600
Speaker 18: it will be a gradual recovery in the economy.

678
00:35:05,680 --> 00:35:08,160
Speaker 2: Do you think does this survey indicate that it might

679
00:35:08,239 --> 00:35:10,560
Speaker 2: take longer than we otherwise thought it would have.

680
00:35:11,760 --> 00:35:14,120
Speaker 18: I think we weren't expecting to see things turning around

681
00:35:14,200 --> 00:35:17,000
Speaker 18: too quickly. It takes a while for those interest rate

682
00:35:17,040 --> 00:35:19,040
Speaker 18: cuts to flow through. Since most of us fix our

683
00:35:19,040 --> 00:35:22,160
Speaker 18: mortgages for once two years, we're really going to see

684
00:35:22,320 --> 00:35:24,600
Speaker 18: a lot of households rolling onto lau rates in the

685
00:35:24,640 --> 00:35:27,200
Speaker 18: second part of the year, and doubts when would expect

686
00:35:27,200 --> 00:35:28,760
Speaker 18: to see things really turning around?

687
00:35:28,880 --> 00:35:31,080
Speaker 2: All right, doesn't sound like you're panicking. That's good to hear.

688
00:35:31,120 --> 00:35:34,200
Speaker 2: Satisaanchrod with us wes PAC Senior Economist. Time is eight

689
00:35:34,239 --> 00:35:35,080
Speaker 2: minutes after five.

690
00:35:35,560 --> 00:35:36,320
Speaker 3: Ryan Bridge.

691
00:35:36,360 --> 00:35:39,680
Speaker 2: Foreign Minister Winston Peter has had his much anticipated meeting

692
00:35:39,680 --> 00:35:43,439
Speaker 2: with US Foreign Secretary Marco Rubio earlier today. Let's try

693
00:35:43,440 --> 00:35:45,040
Speaker 2: and get a bit more insight into what was happening.

694
00:35:45,040 --> 00:35:48,319
Speaker 2: Foreign Minister Winston Peters joins us. Now, Hello, Hello, how

695
00:35:48,320 --> 00:35:50,560
Speaker 2: are you very well? Thank you? Can you give us

696
00:35:50,560 --> 00:35:53,759
Speaker 2: a sense from this meeting what the Americans' priorities are.

697
00:35:55,080 --> 00:35:57,839
Speaker 16: Look, we came over here to find out what they

698
00:35:57,920 --> 00:36:00,839
Speaker 16: wanted of us, and to say, well, we wanted of them,

699
00:36:00,880 --> 00:36:04,239
Speaker 16: and we had a very very substantial, very meaningful meeting.

700
00:36:04,880 --> 00:36:06,120
Speaker 2: And what do they want from us?

701
00:36:06,520 --> 00:36:08,200
Speaker 16: Well, strange enough, if they want us to go on

702
00:36:08,400 --> 00:36:10,520
Speaker 16: being what we've been for a long long time, may

703
00:36:12,400 --> 00:36:15,040
Speaker 16: a force in the world, so to speak, for democracy,

704
00:36:15,120 --> 00:36:17,319
Speaker 16: for the rule of law and things like that, they

705
00:36:17,360 --> 00:36:20,959
Speaker 16: are kin to share our perspective of their neighborhood which

706
00:36:21,000 --> 00:36:25,080
Speaker 16: we live, the blue content and other international issues.

707
00:36:25,280 --> 00:36:27,040
Speaker 2: Did they say that they wanted us to do more

708
00:36:27,080 --> 00:36:28,960
Speaker 2: on the Pacific or that they were going to do

709
00:36:29,000 --> 00:36:29,800
Speaker 2: more on the Pacific?

710
00:36:30,840 --> 00:36:33,600
Speaker 16: Well, it's more like saying, look, what can we do

711
00:36:33,719 --> 00:36:38,279
Speaker 16: together that's positive? And how can we do that? What

712
00:36:38,360 --> 00:36:40,800
Speaker 16: will your engagement be as you work out as a

713
00:36:40,960 --> 00:36:44,480
Speaker 16: very new government what your long term plan is. That

714
00:36:44,520 --> 00:36:47,360
Speaker 16: we were prepared to wait to the dost settles to

715
00:36:47,440 --> 00:36:50,799
Speaker 16: find that out, because it's a very extraordinary time when

716
00:36:50,800 --> 00:36:53,280
Speaker 16: you first come into government, as the Trump government has

717
00:36:53,800 --> 00:36:58,160
Speaker 16: for the second time. And in terms of positioning ourselves,

718
00:36:58,239 --> 00:37:02,239
Speaker 16: I think we are a lot to our embassy here,

719
00:37:02,360 --> 00:37:04,879
Speaker 16: to Rosemary Banks and her team, they've done a marveus job.

720
00:37:05,520 --> 00:37:07,880
Speaker 16: But we had very, very many full discussions, which was

721
00:37:07,920 --> 00:37:09,120
Speaker 16: our intent in the first place.

722
00:37:09,239 --> 00:37:12,080
Speaker 2: Did anything come up to do with Taiwan or military

723
00:37:12,120 --> 00:37:15,280
Speaker 2: engagement or the Chinese vessels off the coast of Australia

724
00:37:15,280 --> 00:37:15,640
Speaker 2: the other.

725
00:37:15,560 --> 00:37:18,200
Speaker 16: Week, I'm not in that context. There was a way

726
00:37:18,280 --> 00:37:22,000
Speaker 16: of discussion about what was happening around the world, how

727
00:37:22,000 --> 00:37:24,920
Speaker 16: it was a very different and changed set of circumstances.

728
00:37:25,600 --> 00:37:29,200
Speaker 16: A lot is happening in the Black Sea, the Red Sea,

729
00:37:29,800 --> 00:37:33,000
Speaker 16: wherever you name it. Their problems, but it's where we

730
00:37:33,040 --> 00:37:36,359
Speaker 16: can help in terms of solutions and in terms of

731
00:37:36,360 --> 00:37:40,080
Speaker 16: cease fars that they can't come soon enough. These sorts

732
00:37:40,080 --> 00:37:42,160
Speaker 16: of discussions we had, and what was.

733
00:37:42,120 --> 00:37:45,520
Speaker 2: Your sense speaking to the excellent Rosemary Banks, who's our

734
00:37:45,560 --> 00:37:49,560
Speaker 2: ambassador there in Washington about the tariff situation. Did you

735
00:37:49,560 --> 00:37:51,719
Speaker 2: get a sense that there might be an exemption for

736
00:37:51,840 --> 00:37:54,560
Speaker 2: US on agriculture or is it pretty hard line there.

737
00:37:55,200 --> 00:37:57,400
Speaker 16: Well, we pointed out that for four decades we had

738
00:37:57,440 --> 00:38:00,839
Speaker 16: been in that situation of being tariff free enter into

739
00:38:00,880 --> 00:38:05,319
Speaker 16: our country most substantially will lead in that context, and

740
00:38:05,800 --> 00:38:07,600
Speaker 16: that when it comes to the United States that had

741
00:38:07,680 --> 00:38:11,120
Speaker 16: been or somewhat similar in that engagement, they're about two percent,

742
00:38:11,600 --> 00:38:14,719
Speaker 16: were way below one percent. That there's a lot more

743
00:38:14,719 --> 00:38:17,919
Speaker 16: common about the situation between New Zealand and the United

744
00:38:17,920 --> 00:38:21,359
Speaker 16: States than people think. But there's a chance to have

745
00:38:21,400 --> 00:38:24,440
Speaker 16: those discussions in a very meaningful way. And so we

746
00:38:24,480 --> 00:38:27,440
Speaker 16: will know before too long when the dost settles what

747
00:38:27,480 --> 00:38:30,640
Speaker 16: it means. But I think we could go forward with

748
00:38:30,680 --> 00:38:34,360
Speaker 16: some significant confidence that these meetings were for a purpose,

749
00:38:34,440 --> 00:38:37,759
Speaker 16: not just filling out an agenda, but ensuring that we're

750
00:38:37,800 --> 00:38:39,320
Speaker 16: part of their plans for the future.

751
00:38:39,640 --> 00:38:42,160
Speaker 2: So on the whole Trump's an office in Washington, DC.

752
00:38:42,560 --> 00:38:46,560
Speaker 2: You've had your sit down with Marco Rubio. Will New

753
00:38:46,640 --> 00:38:50,680
Speaker 2: Zealand and the US be closer partners under a Trump

754
00:38:50,680 --> 00:38:53,279
Speaker 2: administration and what does that look like?

755
00:38:54,680 --> 00:38:58,160
Speaker 16: Look down through the decades we've been close partners, regardless

756
00:38:58,160 --> 00:39:00,840
Speaker 16: of who's in the administration in Washington. This is a

757
00:39:00,960 --> 00:39:05,280
Speaker 16: chance to ensure that that aspiration goes forward to the future.

758
00:39:05,440 --> 00:39:07,640
Speaker 16: It's not a matter of taking sides or doing anything

759
00:39:07,680 --> 00:39:10,480
Speaker 16: untoward or anything that the New Zealm people would not

760
00:39:10,560 --> 00:39:13,439
Speaker 16: want us to do, but ensuring that we came here

761
00:39:13,960 --> 00:39:16,680
Speaker 16: with one purpose from mine in particular, was a look

762
00:39:16,719 --> 00:39:18,160
Speaker 16: after the future of a country.

763
00:39:18,200 --> 00:39:21,440
Speaker 2: Call New Zealand all right, minister, I appreciate your time

764
00:39:21,480 --> 00:39:24,240
Speaker 2: this evening. Winston Peter's the Foreign Affairs Minister in Washington,

765
00:39:24,360 --> 00:39:25,640
Speaker 2: d C. Twelve after five.

766
00:39:26,080 --> 00:39:26,840
Speaker 3: Ryan Bridge.

767
00:39:27,160 --> 00:39:30,319
Speaker 2: Very diplomatic of our foreign minister, though I guess that's

768
00:39:30,400 --> 00:39:32,120
Speaker 2: part of the job, isn't it. Now A lot of

769
00:39:32,160 --> 00:39:35,480
Speaker 2: people are texting in about the confidence survey we spoke

770
00:39:35,520 --> 00:39:38,719
Speaker 2: about just a few minutes ago. Someone says, Ryan, should

771
00:39:38,719 --> 00:39:42,280
Speaker 2: we just sell Wellington. It's a rite off. We can't

772
00:39:42,400 --> 00:39:46,759
Speaker 2: sell Wellington, but in that survey it's incredible. I'll just

773
00:39:46,840 --> 00:39:48,719
Speaker 2: get out the number for you because I was reading

774
00:39:48,760 --> 00:39:53,799
Speaker 2: it earlier. It's minus This is a number compared to

775
00:39:53,840 --> 00:39:57,719
Speaker 2: the average, so the devariance from the average of confidence.

776
00:39:57,840 --> 00:40:03,120
Speaker 2: It's minus fourteen in Wellington, minus seven in Ykato. That's

777
00:40:03,200 --> 00:40:05,880
Speaker 2: just for some reference. But if you look at Canterbury,

778
00:40:05,920 --> 00:40:10,360
Speaker 2: Southland and Otago, it's positive four, positive four positive seven.

779
00:40:10,440 --> 00:40:14,880
Speaker 2: So the gap between for example, Otago and Wellington about

780
00:40:14,920 --> 00:40:19,240
Speaker 2: as far as the distance massive in terms of confidence. Anyway,

781
00:40:19,280 --> 00:40:21,440
Speaker 2: someone says, why don't we just sell Wellington. We can't

782
00:40:21,480 --> 00:40:24,080
Speaker 2: sell Wellington. But guess what's happening in Wellington? You know,

783
00:40:24,120 --> 00:40:28,200
Speaker 2: the capital of cycle ways. Even the cyclists don't like

784
00:40:28,239 --> 00:40:31,520
Speaker 2: the cycle ways. You can't even make the stuff up.

785
00:40:32,520 --> 00:40:36,560
Speaker 2: With work on Wellington's newest bike lane more than halfway

786
00:40:36,600 --> 00:40:40,040
Speaker 2: to completion. This is from stuff. Concerns are once again

787
00:40:40,120 --> 00:40:43,880
Speaker 2: being raised about its layout, with one longtime cyclist saying

788
00:40:43,920 --> 00:40:46,480
Speaker 2: it's so confusing and dangerous she won't be using it.

789
00:40:47,440 --> 00:40:51,680
Speaker 2: Fifty five million dollars this costs. It includes peak hour

790
00:40:51,719 --> 00:40:54,560
Speaker 2: bus lanes, a two way cycle path and five new

791
00:40:54,719 --> 00:40:58,160
Speaker 2: signalized pedestrian crossings on Thornton Key, which is a very

792
00:40:58,160 --> 00:41:03,360
Speaker 2: busy road and now resembles sort of a road cone graveyard.

793
00:41:04,239 --> 00:41:07,960
Speaker 2: And this is the quote from the cyclist. It seems

794
00:41:08,000 --> 00:41:11,080
Speaker 2: that none of the designers have ever tried to cycle

795
00:41:11,160 --> 00:41:14,560
Speaker 2: in a bi directional cycle lane going in the opposite

796
00:41:14,560 --> 00:41:18,399
Speaker 2: direction to the masses during rush hour. It is terrifying.

797
00:41:19,160 --> 00:41:21,400
Speaker 2: There's a lot of talk about cyclists wanting to be

798
00:41:21,480 --> 00:41:25,080
Speaker 2: separated from cars. I want to be separated from the

799
00:41:25,160 --> 00:41:30,799
Speaker 2: oncoming cyclists. Honestly, where else in the world they wonder

800
00:41:30,840 --> 00:41:34,640
Speaker 2: they're so depressed. Fourteen after five news talks thereb will

801
00:41:34,640 --> 00:41:38,000
Speaker 2: talk about those post boxes that were not being empty. Next.

802
00:41:38,520 --> 00:41:40,759
Speaker 2: Staying at a hotel can be a functional part of

803
00:41:40,800 --> 00:41:43,840
Speaker 2: traveling to any other city or the focus of a

804
00:41:43,960 --> 00:41:46,960
Speaker 2: treat yourself weekend. But when a hotel stands out as

805
00:41:47,000 --> 00:41:50,360
Speaker 2: a genuinely impressive and memorable part of the experience, it

806
00:41:50,440 --> 00:41:54,440
Speaker 2: makes all the difference. So Auckland is definitely a hotel

807
00:41:54,480 --> 00:41:57,720
Speaker 2: that lives up to that description sentiments the growing number

808
00:41:57,760 --> 00:42:01,800
Speaker 2: of five star options in the city of Sales effortlessly

809
00:42:01,960 --> 00:42:06,840
Speaker 2: combines modern luxury with a spirited, artistic edge and features

810
00:42:07,000 --> 00:42:09,680
Speaker 2: no other hotel in the central city can offer.

811
00:42:09,719 --> 00:42:09,799
Speaker 12: You.

812
00:42:10,000 --> 00:42:14,560
Speaker 2: At so Auckland, the experience begins with the welcome, warm, inviting,

813
00:42:14,719 --> 00:42:19,360
Speaker 2: sophisticated without stuffiness, a comfortable vibe thanks to the hotel's

814
00:42:19,360 --> 00:42:22,879
Speaker 2: staff and its bold design. Of course, all the personality

815
00:42:22,880 --> 00:42:25,520
Speaker 2: in the world won't help if a hotel's rooms aren't

816
00:42:25,640 --> 00:42:29,040
Speaker 2: up to scratch. So Auckland put a lot of thought

817
00:42:29,200 --> 00:42:33,120
Speaker 2: into in room luxury, and every room has huge windows

818
00:42:33,160 --> 00:42:37,640
Speaker 2: offering city views as well as freestanding bathtubs as a centerpiece.

819
00:42:37,719 --> 00:42:40,279
Speaker 2: Not to mention, it's only a couple of minutes walk

820
00:42:40,360 --> 00:42:43,240
Speaker 2: to the ferry terminal and to the viaduct. So Auckland

821
00:42:43,360 --> 00:42:48,040
Speaker 2: really is so impressive. So treat yourself, enjoy a breakaway

822
00:42:48,080 --> 00:42:52,560
Speaker 2: from the every day at so Auckland. Sometimes soon rain Bridge,

823
00:42:52,600 --> 00:42:54,760
Speaker 2: she talks. There'd be lots of funny texts on Wellington.

824
00:42:54,840 --> 00:42:57,040
Speaker 2: It's good to have Wellington around to beat up on,

825
00:42:57,280 --> 00:43:00,279
Speaker 2: isn't it. You have to admit it's fun. It's a

826
00:43:00,320 --> 00:43:02,680
Speaker 2: little bit fun, especially because they've all got a green

827
00:43:03,040 --> 00:43:05,000
Speaker 2: that they consider themselves such a green city. But it's

828
00:43:05,040 --> 00:43:08,120
Speaker 2: such a disaster anyway. More on that in a second

829
00:43:08,640 --> 00:43:11,360
Speaker 2: right now, Enzid Post is under fire because it failed

830
00:43:11,360 --> 00:43:14,560
Speaker 2: to remove six post boxes and Hawke's Bay that were

831
00:43:14,600 --> 00:43:17,719
Speaker 2: no longer being emptied. The public continued to use the

832
00:43:17,760 --> 00:43:20,359
Speaker 2: post boxes. Now the problem with this Hawk's Bay Today

833
00:43:20,360 --> 00:43:23,840
Speaker 2: has spoken to one woman who posted her free bowl

834
00:43:23,920 --> 00:43:27,000
Speaker 2: screening test into one of the boxes. She only realized

835
00:43:27,000 --> 00:43:30,040
Speaker 2: it hadn't been collected two weeks later when the box

836
00:43:30,160 --> 00:43:33,640
Speaker 2: was overflowing. John Maynard is from the Postal Workers Union.

837
00:43:33,719 --> 00:43:36,040
Speaker 2: He's with me. Hi, John, Hi there.

838
00:43:36,080 --> 00:43:37,240
Speaker 19: It's pretty bad, isn't it.

839
00:43:37,239 --> 00:43:40,760
Speaker 2: It's terrible. How did no one realize?

840
00:43:41,040 --> 00:43:43,640
Speaker 19: Well? New Zealand Posts went about pulling out all of

841
00:43:43,680 --> 00:43:46,480
Speaker 19: the roadside posting boxes they could find, and I lost

842
00:43:46,600 --> 00:43:49,680
Speaker 19: count when they'd taken out one thy five hundred and

843
00:43:49,760 --> 00:43:51,840
Speaker 19: some of them were taken out pretty quickly and pretty

844
00:43:51,920 --> 00:43:55,080
Speaker 19: quietly and chopped off at the ground level. But looks

845
00:43:55,160 --> 00:43:57,279
Speaker 19: like as well as not being able to collect the mail,

846
00:43:57,360 --> 00:44:00,200
Speaker 19: they can't even figure out how to remove boxes which

847
00:44:00,239 --> 00:44:03,000
Speaker 19: they don't want to use. Our position is if people

848
00:44:03,000 --> 00:44:06,120
Speaker 19: are using those boxes, the company should not be taking

849
00:44:06,160 --> 00:44:09,640
Speaker 19: them out. This is a publicly owned institution and if

850
00:44:09,640 --> 00:44:12,200
Speaker 19: they want to move boxes or take them out, the

851
00:44:12,360 --> 00:44:14,880
Speaker 19: very least they should do is consult with the local

852
00:44:14,920 --> 00:44:19,040
Speaker 19: community through their local newspaper. And New Zealand Post will.

853
00:44:18,880 --> 00:44:19,279
Speaker 9: Not do that.

854
00:44:19,600 --> 00:44:21,840
Speaker 2: In a funny way, does this not prove ends in

855
00:44:21,920 --> 00:44:24,239
Speaker 2: post point? I mean, if you look at this one case,

856
00:44:24,280 --> 00:44:26,880
Speaker 2: the post box that was not nothing was collected for

857
00:44:27,000 --> 00:44:29,560
Speaker 2: nine months. I mean it took nine months for anyone

858
00:44:29,560 --> 00:44:31,799
Speaker 2: to actually notice. I mean does that not tell you

859
00:44:31,840 --> 00:44:32,759
Speaker 2: that you don't need them?

860
00:44:33,400 --> 00:44:35,799
Speaker 19: Well, it says that people have stopped using mail. And

861
00:44:35,920 --> 00:44:38,000
Speaker 19: we understand, of course the mail volumes are going down.

862
00:44:38,040 --> 00:44:41,239
Speaker 19: People use other methods of communication. New Zealand Posts needs

863
00:44:41,280 --> 00:44:47,719
Speaker 19: to adjust to that particular, that particular role of how

864
00:44:47,760 --> 00:44:50,800
Speaker 19: people communicate. Now that's fine, but when they first started

865
00:44:50,800 --> 00:44:53,480
Speaker 19: pulling these out, we said to them, what's the criteria

866
00:44:53,520 --> 00:44:56,040
Speaker 19: for pulling them out? And they said thirty letters? And

867
00:44:56,080 --> 00:44:58,279
Speaker 19: we said thirty letters thirty letters a week or what

868
00:44:58,400 --> 00:45:00,480
Speaker 19: no thirty letters a day? If there were less than

869
00:45:00,480 --> 00:45:02,840
Speaker 19: thirty letters a day, they pulled them out. That's a

870
00:45:02,960 --> 00:45:05,520
Speaker 19: hell of a lot of mail going into a suburban

871
00:45:05,880 --> 00:45:09,000
Speaker 19: roadside post box and New Zealand Post was pulling them out. Now,

872
00:45:09,040 --> 00:45:12,640
Speaker 19: wonder people have stopped posting letters. They can't find anywhere

873
00:45:12,680 --> 00:45:15,600
Speaker 19: to post them. And yes, that one those particular ones

874
00:45:15,600 --> 00:45:18,920
Speaker 19: have taken some time to fill up. New Zealand Post

875
00:45:19,160 --> 00:45:22,000
Speaker 19: is its reputation that's pretty bad and they don't do

876
00:45:22,120 --> 00:45:25,239
Speaker 19: much to defend it and how they can stay We

877
00:45:25,360 --> 00:45:27,279
Speaker 19: haven't wanted it for nine months and it's going to

878
00:45:27,320 --> 00:45:31,160
Speaker 19: stay there for another two months. It's just stood unbelievable.

879
00:45:31,200 --> 00:45:33,400
Speaker 2: It's bad I mean if they're going to the fact is,

880
00:45:33,800 --> 00:45:35,799
Speaker 2: if they're not going to use them or not going

881
00:45:35,800 --> 00:45:38,120
Speaker 2: to empty them, then they shouldn't be there. I mean

882
00:45:38,120 --> 00:45:39,880
Speaker 2: that's the point, isn't it. Otherwise you end up with

883
00:45:39,880 --> 00:45:44,120
Speaker 2: people putting there. You know their bowel screening was samples

884
00:45:44,120 --> 00:45:48,480
Speaker 2: in there? What absurd? Nineteen nine to the numbers to text, John,

885
00:45:48,480 --> 00:45:50,640
Speaker 2: thank you very much for your time this evening, John Maynad,

886
00:45:50,680 --> 00:45:53,399
Speaker 2: he's the Postal Workers Union Co National President. It's twenty

887
00:45:53,440 --> 00:45:55,719
Speaker 2: one minutes half to five coming up next. Do you

888
00:45:55,840 --> 00:45:58,760
Speaker 2: tell your colleagues, your workmates, how much you get paid.

889
00:45:59,120 --> 00:46:02,080
Speaker 2: We'll look at this lay the MP's bill to do just.

890
00:46:02,040 --> 00:46:07,360
Speaker 1: That, getting the facts, discarding the fluff. It's Ryan Bridge

891
00:46:07,440 --> 00:46:11,480
Speaker 1: on Heather Duplicy Ellen drive with one New Zealand let's

892
00:46:11,520 --> 00:46:13,040
Speaker 1: get connected news talks.

893
00:46:13,040 --> 00:46:16,600
Speaker 2: There be four news talks. There'd be another day. Another

894
00:46:16,760 --> 00:46:21,800
Speaker 2: completely useless and unnecessary Private member's bill. Only problem with

895
00:46:21,880 --> 00:46:23,719
Speaker 2: this one actually is that it seems like it might

896
00:46:23,760 --> 00:46:27,920
Speaker 2: be going somewhere with thanks to National Party support. It's

897
00:46:28,160 --> 00:46:32,680
Speaker 2: Labor MP Carmla Balish. She is supposedly trying to close

898
00:46:32,719 --> 00:46:35,920
Speaker 2: the gender pay gap right now, and you will know

899
00:46:36,080 --> 00:46:41,200
Speaker 2: this from your workplace, employers can put clauses into workers' contracts,

900
00:46:41,239 --> 00:46:44,120
Speaker 2: saying they don't want that worker to tell their colleagues

901
00:46:44,160 --> 00:46:48,560
Speaker 2: how much they get paid. Apparently, according to Carmla Balach

902
00:46:48,600 --> 00:46:52,720
Speaker 2: and others, this silences people. It stops us from speaking

903
00:46:52,760 --> 00:46:56,400
Speaker 2: our truth. You can't compare how much you're paid against

904
00:46:56,440 --> 00:46:59,160
Speaker 2: your colleagues, and that's somehow a bad thing according to

905
00:46:59,360 --> 00:47:01,960
Speaker 2: this lot. I actually think these guys are missing a

906
00:47:02,080 --> 00:47:06,720
Speaker 2: major part of our country's culture. We are a humble

907
00:47:06,840 --> 00:47:10,799
Speaker 2: and reserved people. We don't complain in restaurants, we don't

908
00:47:10,840 --> 00:47:14,480
Speaker 2: do PDA in French kiss in public. It's rude to

909
00:47:14,600 --> 00:47:17,640
Speaker 2: ask who you voted for. It's rude to tell. My

910
00:47:17,840 --> 00:47:20,839
Speaker 2: uncle always said, never tell a soul what's in your

911
00:47:20,840 --> 00:47:25,320
Speaker 2: bank account and how much you get paid. It's nobody's

912
00:47:25,400 --> 00:47:29,719
Speaker 2: business but yours. So even if this Labor MP, with

913
00:47:29,800 --> 00:47:32,720
Speaker 2: the help of National Labor the Greens into Party Maori,

914
00:47:32,760 --> 00:47:37,080
Speaker 2: managed to change the law, it won't change us will

915
00:47:37,120 --> 00:47:40,319
Speaker 2: be as secretive about our salaries as we've always been,

916
00:47:40,400 --> 00:47:44,360
Speaker 2: which begs the question why waste Parliament's time and resources

917
00:47:44,400 --> 00:47:49,040
Speaker 2: and something that changes nothing? Brian twenty six minutes after

918
00:47:49,120 --> 00:47:51,960
Speaker 2: five Some great stuff coming after five point thirty, we've

919
00:47:52,000 --> 00:47:55,800
Speaker 2: got a statement from the churches about David Seymour, because

920
00:47:56,160 --> 00:47:58,160
Speaker 2: this is a second punt dust up he's had with

921
00:47:58,280 --> 00:48:02,000
Speaker 2: the churches. Remember the first one was the Treaty's Principal's Bill. Well,

922
00:48:02,080 --> 00:48:06,239
Speaker 2: this is over whether Jesus would vote for ACT. The

923
00:48:06,360 --> 00:48:10,320
Speaker 2: story says, would Jesus vote for ACT? Church leaders respond

924
00:48:10,360 --> 00:48:13,920
Speaker 2: to David Seymour. So we'll get to that. But we're

925
00:48:13,920 --> 00:48:16,360
Speaker 2: also going to talk about another council. This is the

926
00:48:16,480 --> 00:48:18,919
Speaker 2: Western Bay of Plenty District Council pulling out of local

927
00:48:18,960 --> 00:48:21,279
Speaker 2: government New Zealand Algae in z Why does no one

928
00:48:21,400 --> 00:48:24,120
Speaker 2: like Algae and z What's wrong with them? Is it

929
00:48:24,200 --> 00:48:27,840
Speaker 2: because of the way that they know conduct themselves or

930
00:48:27,920 --> 00:48:32,400
Speaker 2: is it too expensive? Are they too politicized in a

931
00:48:32,480 --> 00:48:34,840
Speaker 2: way that some councils don't like. We're going to speak

932
00:48:34,880 --> 00:48:38,520
Speaker 2: to Western bayo Plnty District councilor about that. Next news

933
00:48:38,560 --> 00:48:39,200
Speaker 2: talk set.

934
00:48:39,080 --> 00:48:44,040
Speaker 13: Ble Claudial mom be.

935
00:48:50,680 --> 00:48:53,280
Speaker 3: To find a good or have you for again?

936
00:48:55,800 --> 00:49:02,760
Speaker 2: Ever, after all the Sun's.

937
00:49:00,120 --> 00:49:02,839
Speaker 1: Sorting the challenging questions to the people. At the heart

938
00:49:02,920 --> 00:49:06,279
Speaker 1: of the story, it's Ryan Bridge on Hither Duplice Ellen

939
00:49:06,400 --> 00:49:08,440
Speaker 1: Drive with one new Zealand.

940
00:49:08,840 --> 00:49:11,160
Speaker 3: Let's get connected. News Talk SEDB.

941
00:49:24,400 --> 00:49:26,520
Speaker 2: Good evening. It is twenty five minutes away from six.

942
00:49:26,880 --> 00:49:30,720
Speaker 2: News Talk said, be the case of the missing moose

943
00:49:31,160 --> 00:49:33,320
Speaker 2: or mystery moose in the South Island. We'll get to

944
00:49:33,400 --> 00:49:35,719
Speaker 2: that shortly. We also look at David Seymour in the

945
00:49:35,800 --> 00:49:38,759
Speaker 2: churches on Wellington. There are a couple of messages I

946
00:49:38,840 --> 00:49:41,440
Speaker 2: forgot to read out earlier. We just like picking on

947
00:49:41,560 --> 00:49:44,080
Speaker 2: Wellington at the moment. It's fun to kick someone while

948
00:49:44,120 --> 00:49:48,760
Speaker 2: they're down, and we've certainly been doing that this afternoon. Ryan, Okay,

949
00:49:48,840 --> 00:49:51,720
Speaker 2: we can't sell Wellington, that can we give it away

950
00:49:51,800 --> 00:49:54,439
Speaker 2: by collect is this person? And then Grenville has gone

951
00:49:54,440 --> 00:49:57,840
Speaker 2: one further. He says, I just listed Wellington on trade

952
00:49:57,880 --> 00:50:00,080
Speaker 2: me for a dollar reserve. Even though I'm from have

953
00:50:00,200 --> 00:50:03,320
Speaker 2: Lock North. It's still fun for something to happen there. Cheers,

954
00:50:04,480 --> 00:50:08,080
Speaker 2: So there you go. And other lots of feedback actually

955
00:50:08,120 --> 00:50:11,600
Speaker 2: this afternoon on how much you get paid? Not people

956
00:50:11,719 --> 00:50:13,600
Speaker 2: not telling me how much they get paid, but whether

957
00:50:13,760 --> 00:50:17,080
Speaker 2: they would tell their colleagues how much they get paid.

958
00:50:17,120 --> 00:50:22,719
Speaker 2: After this labor MP's Private Members Bill, you can do it,

959
00:50:22,840 --> 00:50:25,120
Speaker 2: by the way, it's just if you sign a contract

960
00:50:25,200 --> 00:50:27,919
Speaker 2: that says you won't do it, then you can't really

961
00:50:28,000 --> 00:50:31,520
Speaker 2: do it. Ryan, totally disagree with you. I've been subjected

962
00:50:31,560 --> 00:50:34,279
Speaker 2: to this. Someone told me what they were earning. It

963
00:50:34,360 --> 00:50:37,600
Speaker 2: was fifteen thousand dollars more than me, and they were

964
00:50:37,719 --> 00:50:39,520
Speaker 2: junior to me. I went to my boss and I

965
00:50:39,600 --> 00:50:42,400
Speaker 2: got a thirty thousand dollars increase to bring me in

966
00:50:42,520 --> 00:50:45,800
Speaker 2: line with my male colleagues. I've got lots of examples,

967
00:50:45,840 --> 00:50:50,640
Speaker 2: says Justine. Really, I don't know about that. Sounds like

968
00:50:50,719 --> 00:50:52,520
Speaker 2: a bit of a bit of a yarn to me.

969
00:50:53,320 --> 00:50:55,799
Speaker 2: Nineteen nineteen the number to text twenty four minutes away

970
00:50:55,800 --> 00:50:59,040
Speaker 2: from Sex Ryan Bridge. Another council is pulled out of

971
00:50:59,120 --> 00:51:02,680
Speaker 2: Local Government News. Western Bay of Western Bay of Plenty

972
00:51:02,760 --> 00:51:06,399
Speaker 2: District Council is the latest. They've narrowly voted to leave

973
00:51:06,440 --> 00:51:08,880
Speaker 2: the organization. Quite a few others have done this already.

974
00:51:08,920 --> 00:51:11,680
Speaker 2: Auckland has done it. Christ Which have done it. They've

975
00:51:11,760 --> 00:51:15,480
Speaker 2: given a big no to L G and Z. Margaret

976
00:51:15,560 --> 00:51:18,360
Speaker 2: Murray bene is the Western Bay of Plenty District Council

977
00:51:18,440 --> 00:51:21,080
Speaker 2: council issues with me now, Margaret, good evening.

978
00:51:21,840 --> 00:51:22,479
Speaker 7: Hi Ryan.

979
00:51:23,800 --> 00:51:25,640
Speaker 20: I don't know what it's doing at your place, but

980
00:51:25,760 --> 00:51:30,239
Speaker 20: it's pouring down here in Tornga and it's most welcome rain.

981
00:51:30,560 --> 00:51:33,680
Speaker 2: Oh, most welcome. Well it is. I'm in Auckland and

982
00:51:33,760 --> 00:51:35,560
Speaker 2: I've just looked out the window for the first time

983
00:51:35,680 --> 00:51:38,800
Speaker 2: and it's it's overcast but not raining here Margaret.

984
00:51:39,440 --> 00:51:41,919
Speaker 20: Oh, well, it's hosing out and it's really good news.

985
00:51:42,280 --> 00:51:45,000
Speaker 2: Good and you've been you've been giving a bit of

986
00:51:45,040 --> 00:51:47,880
Speaker 2: a hosing down to the local government New Zealand in

987
00:51:47,960 --> 00:51:48,440
Speaker 2: your meeting.

988
00:51:49,320 --> 00:51:55,080
Speaker 20: Yes, and rightly so. I think from my experience when

989
00:51:56,040 --> 00:52:02,120
Speaker 20: the Local Government Association supported the Three Waters reform under

990
00:52:02,160 --> 00:52:07,240
Speaker 20: the previous government, they actually sold local government out because

991
00:52:07,360 --> 00:52:10,400
Speaker 20: they weren't interested in listening to what we said. They

992
00:52:10,440 --> 00:52:13,719
Speaker 20: were just going ahead with what the government wanted, and

993
00:52:13,920 --> 00:52:18,080
Speaker 20: so that's when I really lost faith in them. And

994
00:52:18,200 --> 00:52:20,919
Speaker 20: I've had a lot of experience in local government done

995
00:52:20,960 --> 00:52:24,719
Speaker 20: at Christchurch, so for me it was something that I

996
00:52:25,040 --> 00:52:28,239
Speaker 20: really it's not what local government New Zealand's supposed to be.

997
00:52:28,680 --> 00:52:32,480
Speaker 20: It's supposed to be a coordination of all councils and

998
00:52:32,600 --> 00:52:35,920
Speaker 20: they're supposed to reflect the needs of the councils. But

999
00:52:36,120 --> 00:52:40,600
Speaker 20: this one is not doing its job and so I

1000
00:52:41,440 --> 00:52:44,400
Speaker 20: fully supported and moved to withdraw that.

1001
00:52:44,560 --> 00:52:48,239
Speaker 2: Margaret, what about the fact that other councils disagree with you.

1002
00:52:49,160 --> 00:52:52,120
Speaker 2: And you know it's a member organization, so it has

1003
00:52:52,160 --> 00:52:55,239
Speaker 2: to represent all of you, correct, So it can't just

1004
00:52:55,320 --> 00:52:58,160
Speaker 2: represent your views Margaret, No, it.

1005
00:52:58,200 --> 00:53:02,480
Speaker 20: Doesn't represent my views, but it does represent all views.

1006
00:53:03,040 --> 00:53:08,080
Speaker 20: And so, for example, the co they weren't interested in

1007
00:53:08,239 --> 00:53:11,840
Speaker 20: how it affected the rate payers when they introduced the

1008
00:53:11,960 --> 00:53:16,080
Speaker 20: three Waters with co governance. The people who were paying

1009
00:53:16,120 --> 00:53:19,160
Speaker 20: were our rate payers, and yet their rights were being

1010
00:53:19,320 --> 00:53:23,480
Speaker 20: taken away by the previous government by having a co

1011
00:53:23,760 --> 00:53:29,400
Speaker 20: governance unelected people or unaccountable people being appointed. So it

1012
00:53:29,760 --> 00:53:32,680
Speaker 20: was just not the right thing to do. That's not

1013
00:53:32,880 --> 00:53:37,359
Speaker 20: what local government should be about. So anyhow, not only us,

1014
00:53:37,520 --> 00:53:41,720
Speaker 20: but Auckland, Graymouth, Kuiper, as you said, West Coast Regional Council,

1015
00:53:41,840 --> 00:53:45,920
Speaker 20: Westland and christ Church and so there is a growing

1016
00:53:46,280 --> 00:53:50,920
Speaker 20: move that that's not reflecting how council should operate.

1017
00:53:51,440 --> 00:53:54,440
Speaker 2: And what are you saving, Margaret? What were your subs?

1018
00:53:55,800 --> 00:54:00,800
Speaker 20: We save about one hundred and eighty eighty something, and

1019
00:54:00,960 --> 00:54:04,480
Speaker 20: then there's about sixteen thousand from our community boards and

1020
00:54:04,640 --> 00:54:07,239
Speaker 20: there are other costs that come with it. We're not

1021
00:54:07,360 --> 00:54:11,760
Speaker 20: a large council. Our population is just over fifty thousand

1022
00:54:12,320 --> 00:54:16,040
Speaker 20: and so it's anything you can do to save money

1023
00:54:16,480 --> 00:54:21,839
Speaker 20: reflects back into the rate demand. But the interesting thing, Ryan,

1024
00:54:22,280 --> 00:54:26,439
Speaker 20: is we've got these wonderful members of parliament now under

1025
00:54:26,560 --> 00:54:31,600
Speaker 20: Kieren McNulty, the previous Minister of Local Government under the

1026
00:54:31,680 --> 00:54:35,880
Speaker 20: last government, give him his credit. He came and visited

1027
00:54:36,160 --> 00:54:39,560
Speaker 20: every council in the country and I admired him for that.

1028
00:54:40,000 --> 00:54:42,120
Speaker 20: And when he met with us, he didn't meet with

1029
00:54:42,239 --> 00:54:45,080
Speaker 20: the mayor, he met with the councilors and I thought

1030
00:54:45,160 --> 00:54:46,680
Speaker 20: that was a great step for all.

1031
00:54:46,760 --> 00:54:51,360
Speaker 2: That's lovely. Margaret's still reigning outside. Yes, it definitely is brilliant.

1032
00:54:51,520 --> 00:54:53,800
Speaker 2: Most welcome, Thank you very much for being with me.

1033
00:54:54,160 --> 00:54:57,880
Speaker 2: I appreciate your time. That's Margaret Murray Bench. She's Western

1034
00:54:57,920 --> 00:55:01,880
Speaker 2: Bay of Plenty District Councilor. It's nineteen the Huddle with.

1035
00:55:02,000 --> 00:55:05,439
Speaker 1: New Zealand Southeby's International Realty. Find your one of the kind.

1036
00:55:07,080 --> 00:55:09,160
Speaker 2: We're going to the huddle now. Who's on the huddle

1037
00:55:09,200 --> 00:55:11,560
Speaker 2: tonight buts Q and a host and News Talks their

1038
00:55:11,640 --> 00:55:14,640
Speaker 2: b host Jack Tame and Auckland Councilor Morris Williams and

1039
00:55:14,680 --> 00:55:15,640
Speaker 2: good evening guys.

1040
00:55:17,320 --> 00:55:19,120
Speaker 5: Ryan, a bit of a herd act to follow with Margaret.

1041
00:55:19,440 --> 00:55:21,600
Speaker 2: I know, how do you beat Margaret? How do you

1042
00:55:21,760 --> 00:55:24,600
Speaker 2: do that? People are texting and we should all do

1043
00:55:24,719 --> 00:55:30,640
Speaker 2: the weather first. Somebody said Ryan raining on the Hibiscus

1044
00:55:30,760 --> 00:55:37,239
Speaker 2: Coast most welcome anyway, Hey, what did you think about

1045
00:55:37,280 --> 00:55:39,879
Speaker 2: that Morris? About local government New Zealand. I mean there's

1046
00:55:39,880 --> 00:55:43,200
Speaker 2: this argument that it's too lefty and political. Do you

1047
00:55:43,360 --> 00:55:44,040
Speaker 2: see that in it?

1048
00:55:45,120 --> 00:55:45,319
Speaker 5: Yeah?

1049
00:55:45,600 --> 00:55:48,440
Speaker 21: Absolutely. The briefings and the notes that I read when

1050
00:55:48,480 --> 00:55:50,600
Speaker 21: I first became a counselor, it was the biggest pack

1051
00:55:50,680 --> 00:55:53,239
Speaker 21: of woke rubbish I've ever read. And when I saw

1052
00:55:53,280 --> 00:55:57,040
Speaker 21: we were spending seven hundred thousand dollars of Auckham taxpayers

1053
00:55:57,360 --> 00:56:00,239
Speaker 21: and ratepayers money on it, I thought, you only you

1054
00:56:00,360 --> 00:56:03,160
Speaker 21: only stay a member of an organization but provides you value.

1055
00:56:03,480 --> 00:56:05,359
Speaker 21: It was the biggest lot of crap I've ever read.

1056
00:56:05,440 --> 00:56:08,480
Speaker 21: So I was delighted for the fact that organ council

1057
00:56:08,600 --> 00:56:09,440
Speaker 21: voted to get out of it.

1058
00:56:10,440 --> 00:56:13,400
Speaker 2: Jack, What is their purpose? I mean, yeah, what is

1059
00:56:13,480 --> 00:56:13,960
Speaker 2: their purpose?

1060
00:56:14,040 --> 00:56:14,279
Speaker 5: That not?

1061
00:56:14,440 --> 00:56:14,560
Speaker 4: Well?

1062
00:56:14,640 --> 00:56:18,240
Speaker 22: I mean I think I mean to give a collective

1063
00:56:18,320 --> 00:56:20,400
Speaker 22: voice to local governments around New Zealand, and I mean

1064
00:56:20,480 --> 00:56:23,560
Speaker 22: it is you know, it's interesting, right because I think

1065
00:56:23,640 --> 00:56:31,160
Speaker 22: whether it's you know, global geopolitics or unions or anything

1066
00:56:31,239 --> 00:56:33,719
Speaker 22: in our kind of day to day lives that if

1067
00:56:33,800 --> 00:56:36,360
Speaker 22: you're able to coalesce as a group, often you have

1068
00:56:36,520 --> 00:56:39,799
Speaker 22: more kind of power and authority and negotiations. And lots

1069
00:56:39,840 --> 00:56:42,680
Speaker 22: of local governments around the country have been complaining over

1070
00:56:42,680 --> 00:56:47,920
Speaker 22: the last few years that systematically successive governments have reduced

1071
00:56:48,000 --> 00:56:51,120
Speaker 22: the kind of local authority that these governments have. They've

1072
00:56:51,160 --> 00:56:54,319
Speaker 22: systematically taken away some of their responsibilities. They have very

1073
00:56:54,400 --> 00:56:57,800
Speaker 22: few measures for raising revenue that they are able to

1074
00:56:57,880 --> 00:57:00,040
Speaker 22: you know, leaders that they're able to pull themselves. And

1075
00:57:00,040 --> 00:57:02,520
Speaker 22: I would have thought there's an argument that actually having

1076
00:57:02,600 --> 00:57:05,319
Speaker 22: a kind of collective response with all the councils around

1077
00:57:05,320 --> 00:57:07,440
Speaker 22: the country, or certainly as many as possible, would give

1078
00:57:07,480 --> 00:57:10,840
Speaker 22: those local governments a stronger voice. Now, for councils like Auckland,

1079
00:57:11,160 --> 00:57:13,640
Speaker 22: it's perhaps a different equation, right because Auckland's so big

1080
00:57:14,200 --> 00:57:17,160
Speaker 22: that that council almost operates as an independent entity.

1081
00:57:17,600 --> 00:57:18,680
Speaker 2: But you know, I would have.

1082
00:57:18,640 --> 00:57:21,560
Speaker 22: Thought if councilors do want to have more authority and

1083
00:57:21,600 --> 00:57:24,120
Speaker 22: they want more respect from central government, there is an

1084
00:57:24,200 --> 00:57:26,840
Speaker 22: argument to be made that actually having a collective voice

1085
00:57:27,120 --> 00:57:29,160
Speaker 22: puts some in a stronger position for negotiations.

1086
00:57:29,280 --> 00:57:32,080
Speaker 21: Yeah, okay, interesting, that's all very well if they are

1087
00:57:32,160 --> 00:57:34,520
Speaker 21: doing the things that Jack's talking about. You know, look,

1088
00:57:34,560 --> 00:57:36,600
Speaker 21: we're going to have a look at, say infrastructure and

1089
00:57:36,680 --> 00:57:39,800
Speaker 21: what's a good set of policies about purchasing long term

1090
00:57:39,880 --> 00:57:42,280
Speaker 21: and where do you bring private sector stuff and that stuff.

1091
00:57:42,280 --> 00:57:44,520
Speaker 21: I'd be happy to be joined up with every other

1092
00:57:44,640 --> 00:57:46,960
Speaker 21: council on but I promise you if you read some

1093
00:57:47,080 --> 00:57:50,400
Speaker 21: of the woke rubbish they were pumping out, it was,

1094
00:57:50,920 --> 00:57:52,640
Speaker 21: in fact, I think some of the Greens would even

1095
00:57:52,680 --> 00:57:53,880
Speaker 21: find it hard to tolerate.

1096
00:57:53,920 --> 00:57:56,440
Speaker 2: Why are we talking gender neutral bike lanes or something?

1097
00:57:56,880 --> 00:58:01,400
Speaker 2: What's these? It was so much worse than all right,

1098
00:58:01,560 --> 00:58:03,960
Speaker 2: Marris Williamson, Please don't get me started on that. No,

1099
00:58:04,120 --> 00:58:06,560
Speaker 2: I'm certainly won't. Marris Williamson and Jack tam on the

1100
00:58:06,680 --> 00:58:08,479
Speaker 2: Huddle when we come back, we're going to talk about

1101
00:58:08,520 --> 00:58:10,280
Speaker 2: the billionaires and the stadium.

1102
00:58:13,680 --> 00:58:17,280
Speaker 1: The huddle with New Zealand Southeby's International Realty, the ones

1103
00:58:17,360 --> 00:58:19,200
Speaker 1: with local and global reach.

1104
00:58:20,040 --> 00:58:22,240
Speaker 2: On the Huddle tonight, Marris Williamson and Jack Tames. So

1105
00:58:22,320 --> 00:58:25,400
Speaker 2: there's this bid by former All Black Ally Williams, his

1106
00:58:25,560 --> 00:58:28,840
Speaker 2: billionaire wife Anna Mobray and the US billionaire Bill Foley.

1107
00:58:28,920 --> 00:58:31,520
Speaker 2: They want to build a new stadium on the site

1108
00:58:31,560 --> 00:58:34,000
Speaker 2: of Western Springs because the racing's going to stop. I

1109
00:58:34,000 --> 00:58:37,080
Speaker 2: think it's this weekend as the last one. This is

1110
00:58:37,120 --> 00:58:40,640
Speaker 2: there are three options before the council to do something

1111
00:58:40,720 --> 00:58:43,400
Speaker 2: with this site, and this is one of them. Marris,

1112
00:58:43,480 --> 00:58:46,360
Speaker 2: what you've ever been in meetings about this? What's going

1113
00:58:46,400 --> 00:58:48,160
Speaker 2: on and what do you support? Do you have a

1114
00:58:48,280 --> 00:58:48,640
Speaker 2: view yet?

1115
00:58:48,720 --> 00:58:51,840
Speaker 21: This is sort of hilariously funny because when your producer

1116
00:58:51,920 --> 00:58:54,360
Speaker 21: first asked me, I said, Oh, no, it's totally top secret,

1117
00:58:54,440 --> 00:58:57,200
Speaker 21: because we were told this was completely confidential. And then

1118
00:58:57,240 --> 00:58:59,680
Speaker 21: it's three thirty of press release came out saying that

1119
00:59:00,000 --> 00:59:04,360
Speaker 21: because the Mowbray Williams Syndicate had already gone public to

1120
00:59:04,400 --> 00:59:06,480
Speaker 21: the media about it, we were now free to talk

1121
00:59:06,480 --> 00:59:10,320
Speaker 21: about it. So what a difference three hours makes. Yeah,

1122
00:59:10,560 --> 00:59:13,280
Speaker 21: there are going to be three different presentations. We've had

1123
00:59:13,400 --> 00:59:16,600
Speaker 21: the mowbra Williams one where they're looking to make it

1124
00:59:16,720 --> 00:59:20,120
Speaker 21: a twelve and a half thousand seat stadium but also

1125
00:59:20,280 --> 00:59:23,720
Speaker 21: include a whole range of other things like sports facilities,

1126
00:59:23,760 --> 00:59:27,360
Speaker 21: indoor basketball, paddle ball courts, and so on. The first

1127
00:59:27,440 --> 00:59:29,640
Speaker 21: one that I think was that's the first one we've

1128
00:59:29,680 --> 00:59:33,240
Speaker 21: had that presentation, then CRS Records Limit are going to

1129
00:59:33,640 --> 00:59:37,400
Speaker 21: there are privately funded transformation into a premiere live entertainment

1130
00:59:37,520 --> 00:59:42,600
Speaker 21: concert festival venue with about forty five thousand capability of seating.

1131
00:59:43,560 --> 00:59:45,920
Speaker 21: And then the third one yet to come as Ponsonby

1132
00:59:46,040 --> 00:59:49,200
Speaker 21: Rugby Club who wanted to extend their current occupancy and

1133
00:59:49,280 --> 00:59:52,320
Speaker 21: expand their operation into other sports to enable the venue

1134
00:59:52,560 --> 00:59:56,000
Speaker 21: to host fifty thousands on. So I can't make too

1135
00:59:56,080 --> 00:59:57,720
Speaker 21: much of a comment on it because I'll be one

1136
00:59:57,720 --> 01:00:00,360
Speaker 21: of the people finally deciding on which one of the three.

1137
01:00:00,520 --> 01:00:02,880
Speaker 21: But they're all coming before us in a sort of

1138
01:00:02,920 --> 01:00:05,360
Speaker 21: a beauty contest to propose what they wanted to do

1139
01:00:05,760 --> 01:00:07,520
Speaker 21: and what they're wanting to use the stadium for.

1140
01:00:08,000 --> 01:00:09,760
Speaker 2: But it sounds like the cheapest one for the rate

1141
01:00:09,800 --> 01:00:11,280
Speaker 2: payers would be the billionaires, right.

1142
01:00:14,480 --> 01:00:16,600
Speaker 21: I'm not going to comment on that we didn't get

1143
01:00:16,680 --> 01:00:18,400
Speaker 21: enough of the numbers. Actually, one of the things I

1144
01:00:18,480 --> 01:00:21,560
Speaker 21: was disappointed at the first presentation is I want to

1145
01:00:21,640 --> 01:00:23,720
Speaker 21: know what we get that as rate payers and the

1146
01:00:23,800 --> 01:00:26,280
Speaker 21: council will get back. It was all very well to

1147
01:00:26,320 --> 01:00:28,720
Speaker 21: see lovely pictures of what it would look like and

1148
01:00:28,760 --> 01:00:30,680
Speaker 21: how many people would be able to go there and

1149
01:00:30,760 --> 01:00:34,080
Speaker 21: what functions and features. I'm really a bit flinty faced

1150
01:00:34,120 --> 01:00:35,760
Speaker 21: on this and I want to know what's the sum

1151
01:00:35,840 --> 01:00:38,040
Speaker 21: of money that we will get back into the coffers

1152
01:00:38,360 --> 01:00:40,120
Speaker 21: to help take the burden off rate payers.

1153
01:00:40,320 --> 01:00:43,080
Speaker 2: Yeah, fair enough, Jack, because one of the options is

1154
01:00:43,200 --> 01:00:47,960
Speaker 2: for the Ponsonbee Rugby Club, and laudable as that might sound,

1155
01:00:48,160 --> 01:00:51,120
Speaker 2: it does also sound like it might be ratepayers on

1156
01:00:51,240 --> 01:00:51,880
Speaker 2: the hook for it.

1157
01:00:53,360 --> 01:00:56,760
Speaker 22: Well, sort of wonder two which of these operations could

1158
01:00:56,880 --> 01:01:00,560
Speaker 22: go elsewhere, right, and which would ultimately benefit the most people.

1159
01:01:01,080 --> 01:01:04,400
Speaker 22: And as someone who has gone to the speedway deea

1160
01:01:04,480 --> 01:01:07,080
Speaker 22: a fair bit and has also become a diehard Auckland

1161
01:01:07,200 --> 01:01:11,160
Speaker 22: FC fan over the last six months or so season

1162
01:01:11,200 --> 01:01:15,280
Speaker 22: ticket holder, don't worry about that. I love it, absolutely

1163
01:01:15,320 --> 01:01:18,160
Speaker 22: love it. Love the idea of having a stadium that

1164
01:01:18,640 --> 01:01:20,760
Speaker 22: with that kind of intimacy, twelve and a half thousand,

1165
01:01:21,200 --> 01:01:23,440
Speaker 22: that close to town so that people could go along

1166
01:01:23,600 --> 01:01:25,640
Speaker 22: and support the football. I mean, there was just something

1167
01:01:25,680 --> 01:01:29,120
Speaker 22: about going to live sport in a stadium that's full

1168
01:01:29,640 --> 01:01:32,640
Speaker 22: that's just so wonderful. And you know, one of the

1169
01:01:32,720 --> 01:01:36,200
Speaker 22: things we've learned from Go Media or Mount Smart, you know,

1170
01:01:36,320 --> 01:01:38,880
Speaker 22: throughout the course of the A League season is that

1171
01:01:39,000 --> 01:01:42,120
Speaker 22: they've actually consistently got more than twelve and a half

1172
01:01:42,200 --> 01:01:43,040
Speaker 22: thousand people there.

1173
01:01:43,080 --> 01:01:44,120
Speaker 2: So I was actually a little.

1174
01:01:43,960 --> 01:01:47,040
Speaker 22: Surprised that their stadium proposal wasn't slightly larger. But it

1175
01:01:47,120 --> 01:01:49,400
Speaker 22: does sound like from the limited details we have at

1176
01:01:49,400 --> 01:01:51,200
Speaker 22: the moment, there would be lots of options the indoor

1177
01:01:51,280 --> 01:01:53,840
Speaker 22: option as well, maybe some courts for other kids to play.

1178
01:01:54,480 --> 01:01:57,120
Speaker 5: Basketball and the like. And yeah, you know, we won't

1179
01:01:57,160 --> 01:01:58,600
Speaker 5: be able to fully throw our.

1180
01:01:58,560 --> 01:02:01,800
Speaker 22: Weight behind option until we have all of the details

1181
01:02:02,640 --> 01:02:04,560
Speaker 22: for those other two proposals. But I would have thought

1182
01:02:04,560 --> 01:02:06,560
Speaker 22: when it comes to something like Pompantly Rugby Club, which

1183
01:02:06,600 --> 01:02:09,960
Speaker 22: is an absolute institution, you would hope that some sort

1184
01:02:10,040 --> 01:02:12,600
Speaker 22: of agreement could be made to support the club and

1185
01:02:12,680 --> 01:02:15,120
Speaker 22: moving to different facilities, right with the other bit, having

1186
01:02:15,160 --> 01:02:18,240
Speaker 22: that land that central is just a massive opportunity.

1187
01:02:17,800 --> 01:02:20,840
Speaker 2: Totally, Jack. How much did you see some pass costs

1188
01:02:20,880 --> 01:02:23,240
Speaker 2: for the curious?

1189
01:02:23,320 --> 01:02:26,000
Speaker 22: I think it was like a well for an adult

1190
01:02:26,000 --> 01:02:27,600
Speaker 22: and a kid, it was like a thousand bucks at

1191
01:02:27,600 --> 01:02:28,320
Speaker 22: the start of the season.

1192
01:02:28,440 --> 01:02:29,640
Speaker 2: Okay, that's quite good.

1193
01:02:30,560 --> 01:02:32,800
Speaker 22: Yeah, maybe something more, but it's really good. There's like

1194
01:02:32,800 --> 01:02:35,120
Speaker 22: a member's lounge area as well, and you get you know,

1195
01:02:35,280 --> 01:02:37,440
Speaker 22: various bits of merchant things. But yeah, no, it was

1196
01:02:37,800 --> 01:02:40,200
Speaker 22: very good value, proved to be very good value. It's

1197
01:02:40,200 --> 01:02:41,360
Speaker 22: easy to support than while they're winning.

1198
01:02:42,720 --> 01:02:44,320
Speaker 2: Just while we're on the subject, how much do you

1199
01:02:44,360 --> 01:02:50,120
Speaker 2: get paid? You can see that one coming.

1200
01:02:50,680 --> 01:02:53,880
Speaker 22: Look, I get paid money and fair words. But I

1201
01:02:54,760 --> 01:02:58,280
Speaker 22: would support the idea of anyone having, you know, having

1202
01:02:59,320 --> 01:03:01,880
Speaker 22: the right to tell their colleagues how much they earn.

1203
01:03:02,360 --> 01:03:04,400
Speaker 22: And I know that at the moment it's only restricted

1204
01:03:04,400 --> 01:03:07,440
Speaker 22: to people who sign contracts that prevent them from doing so.

1205
01:03:07,960 --> 01:03:13,480
Speaker 22: I think you know, a publicity or reporting function that

1206
01:03:13,680 --> 01:03:17,320
Speaker 22: mandated everyone knew how much everyone earned. That's too far

1207
01:03:17,440 --> 01:03:20,680
Speaker 22: for me. But I think giving employees the option to

1208
01:03:20,800 --> 01:03:23,600
Speaker 22: share their salary with other people is perfectly reasonable.

1209
01:03:23,680 --> 01:03:27,320
Speaker 21: Okay, but that's not what that's not what this is doing.

1210
01:03:27,440 --> 01:03:29,439
Speaker 21: So I'm a big fan if you want to share

1211
01:03:29,480 --> 01:03:31,760
Speaker 21: how much you're earning with your colleague. But if your

1212
01:03:31,800 --> 01:03:34,120
Speaker 21: employer says, look, i'd really like to put you on

1213
01:03:34,160 --> 01:03:37,520
Speaker 21: a quite a higher rate, and because you're so good

1214
01:03:37,560 --> 01:03:39,040
Speaker 21: at what you do. But if I tell all the

1215
01:03:39,120 --> 01:03:41,280
Speaker 21: rest of the people and the team, that'll blow it

1216
01:03:41,360 --> 01:03:42,800
Speaker 21: to pieces and I have to leave you back at

1217
01:03:42,800 --> 01:03:45,000
Speaker 21: the same level. So I'm putting a clause in your

1218
01:03:45,040 --> 01:03:47,240
Speaker 21: contract that says you just can't tell them what you're on.

1219
01:03:47,760 --> 01:03:50,120
Speaker 21: You can easily say no, I don't want that, Okay, Well,

1220
01:03:50,120 --> 01:03:52,320
Speaker 21: then you'll go back to the same level as everybody else.

1221
01:03:52,760 --> 01:03:55,360
Speaker 21: I think if it's in your contract and you sign it,

1222
01:03:55,880 --> 01:03:57,840
Speaker 21: then that's an obligation you have to have of not

1223
01:03:57,960 --> 01:03:58,800
Speaker 21: telling people.

1224
01:03:58,840 --> 01:04:00,720
Speaker 2: What you're I totally agree.

1225
01:04:00,720 --> 01:04:02,480
Speaker 22: If it's in the contract and you saw it, then

1226
01:04:02,520 --> 01:04:04,320
Speaker 22: that is an obligation. But I just don't know that

1227
01:04:04,360 --> 01:04:05,880
Speaker 22: it needs to be in contract. And I'm not sure

1228
01:04:05,920 --> 01:04:08,960
Speaker 22: that that that the scenario that you've just described as

1229
01:04:09,000 --> 01:04:10,959
Speaker 22: necessarily happening happening all that often.

1230
01:04:11,480 --> 01:04:13,160
Speaker 21: I don't just happening very often at all. But I

1231
01:04:13,240 --> 01:04:15,160
Speaker 21: think if an employer says you've got to wear a

1232
01:04:15,200 --> 01:04:17,200
Speaker 21: blue tie when you come to work in my office,

1233
01:04:17,400 --> 01:04:18,840
Speaker 21: and I'm going to put that in your contract and

1234
01:04:18,880 --> 01:04:21,920
Speaker 21: I'm going to pay you extra for it's grand more

1235
01:04:22,040 --> 01:04:24,560
Speaker 21: or something, yeah, yeah, yeah, then then you can either

1236
01:04:24,600 --> 01:04:26,160
Speaker 21: say no, I'm not having that. He said, right, well,

1237
01:04:26,200 --> 01:04:27,600
Speaker 21: let's take that out, and that will.

1238
01:04:27,480 --> 01:04:30,959
Speaker 2: Reduce you well saying I'd be saying I'd be coming

1239
01:04:31,000 --> 01:04:35,120
Speaker 2: to work with two blue ties. Hey, guys, thank you

1240
01:04:35,280 --> 01:04:37,160
Speaker 2: very much for coming on. Great to have you both

1241
01:04:37,200 --> 01:04:39,840
Speaker 2: on it as always. Marris Williams, cent Orland councilor Jack Tame,

1242
01:04:39,920 --> 01:04:42,720
Speaker 2: host of Saturday mornings on News Talks B and Q

1243
01:04:42,880 --> 01:04:45,280
Speaker 2: and A over at TV one. Seven away from six.

1244
01:04:46,240 --> 01:04:49,440
Speaker 1: It's the Heather Duper c Allen Drive Full Show podcast

1245
01:04:49,600 --> 01:04:52,600
Speaker 1: on my Heart Radio powered by News Talks EB.

1246
01:04:53,840 --> 01:04:56,720
Speaker 2: His Talks B. It is five away from six. Earlier

1247
01:04:56,760 --> 01:04:58,680
Speaker 2: on the show, we had a woman by the name

1248
01:04:58,720 --> 01:05:01,920
Speaker 2: of Margaret Murray benj from the Western Bay of Plenty

1249
01:05:01,960 --> 01:05:05,520
Speaker 2: District Council. They're pulling out of LGNZ and we had

1250
01:05:05,640 --> 01:05:08,600
Speaker 2: so much love for Margaret. Margaret, you must know that

1251
01:05:08,720 --> 01:05:11,920
Speaker 2: you are adored across across the nation, not just for

1252
01:05:12,040 --> 01:05:15,440
Speaker 2: pulling out of local government New Zealand, but for I

1253
01:05:15,480 --> 01:05:17,800
Speaker 2: don't know, just the way that you carried yourself with

1254
01:05:17,920 --> 01:05:20,720
Speaker 2: quite entertaining and a lot of people have pointed out

1255
01:05:20,840 --> 01:05:23,200
Speaker 2: this is from Keigan. Did you know that Margaret Murray

1256
01:05:23,280 --> 01:05:27,880
Speaker 2: Binge goes out with Don Brash Well, I didn't know that.

1257
01:05:28,480 --> 01:05:31,280
Speaker 2: That's a bit of rumor for you, isn't it some

1258
01:05:31,600 --> 01:05:37,480
Speaker 2: titillating information? Anyway, I hope they're both happy. Ryan read

1259
01:05:37,600 --> 01:05:42,200
Speaker 2: the discussions on whether you tell your colleagues, whether you

1260
01:05:42,600 --> 01:05:44,720
Speaker 2: how much you get paid, all that sort of stuff. No,

1261
01:05:44,880 --> 01:05:48,240
Speaker 2: completely against it. Jason says Margaret sounds like the person

1262
01:05:48,320 --> 01:05:50,680
Speaker 2: that Auckland needs. Another one says that she sounds like

1263
01:05:50,720 --> 01:05:53,920
Speaker 2: the person that Wellington needs. I think, on balance, you

1264
01:05:53,960 --> 01:05:58,520
Speaker 2: would give Margaret to Wellington, wouldn't you? Wellington, Wellington needs

1265
01:05:58,600 --> 01:06:02,880
Speaker 2: Margaret more than Auckland needs Margaret. David Seymour and Jesus,

1266
01:06:04,160 --> 01:06:07,600
Speaker 2: how long have we got? And enough time? Anyway? The

1267
01:06:07,680 --> 01:06:09,600
Speaker 2: Herald went to a bunch of church leaders and said

1268
01:06:09,640 --> 01:06:13,400
Speaker 2: would Jesus vote for act? And the church leaders basically

1269
01:06:13,520 --> 01:06:17,680
Speaker 2: said no, But how could you know? How do you know?

1270
01:06:18,640 --> 01:06:22,080
Speaker 2: Jesus mind? No one knows Jesus mind do they?

1271
01:06:22,400 --> 01:06:22,840
Speaker 3: I don't know.

1272
01:06:23,720 --> 01:06:25,880
Speaker 2: I don't know. But clearly David Seam was off side

1273
01:06:25,960 --> 01:06:31,800
Speaker 2: again with the Good Lord News talk said, be Business

1274
01:06:31,840 --> 01:06:32,920
Speaker 2: Hour starts next.

1275
01:06:50,040 --> 01:06:52,200
Speaker 3: Keeping track of where the money is flowing.

1276
01:06:52,640 --> 01:06:57,560
Speaker 1: The Business Hour with Ryan Bridge and Insurance and investments,

1277
01:06:58,000 --> 01:07:00,840
Speaker 1: grow your wealth, protect your future, US talks at BE

1278
01:07:01,440 --> 01:07:01,880
Speaker 1: Good Evening.

1279
01:07:01,960 --> 01:07:04,080
Speaker 2: It is seven after six News talks. There'd be Andrew

1280
01:07:04,160 --> 01:07:07,040
Speaker 2: Curtain for Milford raps the markets for us. Shortly we'll

1281
01:07:07,080 --> 01:07:12,080
Speaker 2: go to nz Gold Merchants. The price US three thousand

1282
01:07:12,160 --> 01:07:14,480
Speaker 2: an ounce it's a record. How much higher could it go?

1283
01:07:14,680 --> 01:07:17,479
Speaker 2: And what does Europe make of Trump's spout and call.

1284
01:07:17,960 --> 01:07:20,440
Speaker 2: We'll check in with Gavin Gray. That's before seven o'clock

1285
01:07:21,160 --> 01:07:23,160
Speaker 2: right now. There are calls for an overhaul of the

1286
01:07:23,320 --> 01:07:26,600
Speaker 2: apprenticeship system. A new report from the New Zealand Initiative

1287
01:07:26,640 --> 01:07:28,800
Speaker 2: you might have heard it on Mike Cosking this morning,

1288
01:07:28,920 --> 01:07:32,040
Speaker 2: found that eleven percent of sixteen to nineteen year olds

1289
01:07:32,040 --> 01:07:37,160
Speaker 2: are unemployed, but just six percent participate in workplace training.

1290
01:07:37,240 --> 01:07:38,880
Speaker 2: In other words, you've got a whole bunch of people

1291
01:07:38,920 --> 01:07:41,280
Speaker 2: who are doing nothing and not many who were doing

1292
01:07:41,360 --> 01:07:44,280
Speaker 2: something useful. The initiative says the eerror is in the

1293
01:07:44,360 --> 01:07:48,360
Speaker 2: school's promoting universities over other avenues, even though only a

1294
01:07:48,440 --> 01:07:51,720
Speaker 2: third end up at university. Dave Strong is the managing

1295
01:07:51,760 --> 01:07:54,920
Speaker 2: director at Morinsville Plumbing and Gases with me now, good ay.

1296
01:07:54,920 --> 01:07:57,520
Speaker 23: Dave, how you're on? Very good?

1297
01:07:57,640 --> 01:07:59,520
Speaker 2: Yeah, good to have you on the show. Thanks, thanks

1298
01:07:59,520 --> 01:08:00,120
Speaker 2: for being with me.

1299
01:08:01,040 --> 01:08:01,320
Speaker 23: Thank you.

1300
01:08:01,640 --> 01:08:04,400
Speaker 2: What's the problem here? Are we not promoting this in

1301
01:08:04,480 --> 01:08:07,440
Speaker 2: the right way? Are young people not interested in apprenticeships?

1302
01:08:07,480 --> 01:08:08,240
Speaker 2: What's going wrong?

1303
01:08:10,280 --> 01:08:10,720
Speaker 4: All of that.

1304
01:08:12,760 --> 01:08:19,600
Speaker 23: We don't seem to be recognized as a career. You know,

1305
01:08:19,800 --> 01:08:22,559
Speaker 23: we go back to the old days where well you're

1306
01:08:22,680 --> 01:08:29,120
Speaker 23: you're a tradee whereas we're actually qualified professionals now, but

1307
01:08:30,200 --> 01:08:32,559
Speaker 23: no one seems to want to recognize that as an

1308
01:08:32,600 --> 01:08:37,040
Speaker 23: alternative to the recognition we get if we have. You know,

1309
01:08:37,320 --> 01:08:40,920
Speaker 23: half of our students go to university against half of

1310
01:08:40,960 --> 01:08:45,000
Speaker 23: them went on became plumbers, builders, electricians and in the trades.

1311
01:08:45,200 --> 01:08:50,800
Speaker 23: So for some reason, schools gain accolades for people going

1312
01:08:50,840 --> 01:08:54,479
Speaker 23: on to the so called higher echelon of learning, which

1313
01:08:54,520 --> 01:08:58,879
Speaker 23: is the universities, than the recognization that as a trades

1314
01:08:59,000 --> 01:09:02,280
Speaker 23: person we we actually have to sit unit standards and

1315
01:09:02,360 --> 01:09:04,639
Speaker 23: pass exams to become qualified.

1316
01:09:04,680 --> 01:09:08,519
Speaker 2: And what we do, how much work class time is there?

1317
01:09:08,680 --> 01:09:10,400
Speaker 2: And what do you get paid if you're doing an

1318
01:09:10,400 --> 01:09:11,599
Speaker 2: apprenticeship these days.

1319
01:09:13,200 --> 01:09:17,120
Speaker 23: Well, most apprentices well, depending on who employs them, but

1320
01:09:17,680 --> 01:09:22,680
Speaker 23: most apprentices are starting on between nineteen and twenty one

1321
01:09:22,760 --> 01:09:25,920
Speaker 23: dollars an hour in the plumber industry. That's all I

1322
01:09:26,000 --> 01:09:29,920
Speaker 23: can probably talk for at this stage. And then you know,

1323
01:09:30,160 --> 01:09:32,960
Speaker 23: by the time they've done their four to five years

1324
01:09:33,000 --> 01:09:38,839
Speaker 23: of on the job and wind tech or polytech training

1325
01:09:39,520 --> 01:09:43,479
Speaker 23: is they will probably come out on the maybe the

1326
01:09:43,640 --> 01:09:45,800
Speaker 23: thirty five to forty dollars range.

1327
01:09:48,160 --> 01:09:52,360
Speaker 2: And what is the what is the you know, with

1328
01:09:52,439 --> 01:09:54,920
Speaker 2: the number of people who are going to university doing

1329
01:09:55,000 --> 01:09:57,960
Speaker 2: their degrees and then end up working doing nothing to

1330
01:09:58,040 --> 01:10:00,920
Speaker 2: do with the degree, what do you think needs to

1331
01:10:01,040 --> 01:10:03,960
Speaker 2: change to encourage those people to come and do a trade.

1332
01:10:07,200 --> 01:10:13,240
Speaker 23: I suppose it's easy to for students to go to

1333
01:10:13,439 --> 01:10:16,200
Speaker 23: university for the fact that they can go and get

1334
01:10:16,280 --> 01:10:20,639
Speaker 23: a loan and go along, and it's advertised it's it's

1335
01:10:20,760 --> 01:10:24,479
Speaker 23: poor trade as the optimum thing to do in your

1336
01:10:24,520 --> 01:10:27,559
Speaker 23: life is to is to get a degree. What people

1337
01:10:27,600 --> 01:10:30,840
Speaker 23: seem to forget is that we actually have degrees. I

1338
01:10:31,280 --> 01:10:34,200
Speaker 23: have a degree as a plumber and grain layer. You

1339
01:10:34,280 --> 01:10:37,880
Speaker 23: know my staff for plumbers, gases, train layers. We do

1340
01:10:38,439 --> 01:10:42,880
Speaker 23: know associated trade electrical, so we we are we have qualifications,

1341
01:10:43,400 --> 01:10:47,320
Speaker 23: but it doesn't seem to have the recognition of a

1342
01:10:47,439 --> 01:10:49,719
Speaker 23: bachelor or a bastard's degree.

1343
01:10:50,080 --> 01:10:52,800
Speaker 2: Yeah. Interesting, Dave, thank you very much for that. Dave

1344
01:10:52,880 --> 01:10:56,879
Speaker 2: Strong is the managing director at Mournsville Plumbing and Gas Services,

1345
01:10:57,800 --> 01:10:59,840
Speaker 2: making a good point. Eleven minutes after six when I

1346
01:11:00,080 --> 01:11:03,360
Speaker 2: left school, my dad said go and get a trade.

1347
01:11:03,800 --> 01:11:06,840
Speaker 2: He was not in favor of me going to university,

1348
01:11:07,000 --> 01:11:09,320
Speaker 2: and I was a little geek, and I was like,

1349
01:11:09,479 --> 01:11:12,560
Speaker 2: I'm going to go study politics. And thankfully when I

1350
01:11:12,640 --> 01:11:15,559
Speaker 2: got to UNI, I studied politics and realized that most

1351
01:11:15,600 --> 01:11:19,080
Speaker 2: people in the class were wacko, and so added a

1352
01:11:19,120 --> 01:11:21,720
Speaker 2: commerce degree on just for good measure, which I think

1353
01:11:21,920 --> 01:11:23,400
Speaker 2: is probably a good thing. If you are going to

1354
01:11:23,439 --> 01:11:25,759
Speaker 2: go to university, don't just go and do an arts degree,

1355
01:11:25,960 --> 01:11:28,840
Speaker 2: for God's sakes. But I do look at it. I mean, people,

1356
01:11:29,200 --> 01:11:31,240
Speaker 2: a lot of my friends when in God trades, they

1357
01:11:31,280 --> 01:11:34,120
Speaker 2: are way better off financially than people who go to university.

1358
01:11:34,560 --> 01:11:38,280
Speaker 2: They are earning from the beginning. They say for a house, sooner,

1359
01:11:38,479 --> 01:11:40,559
Speaker 2: they get the house sooner. Once they've got the house,

1360
01:11:40,600 --> 01:11:43,920
Speaker 2: they can actually fix it. You know, I can't change

1361
01:11:43,920 --> 01:11:48,679
Speaker 2: a car tire nine two nine two twelve after six markets.

1362
01:11:48,760 --> 01:11:53,200
Speaker 1: Next, it's the Heather dupas Allen Drive Full Show podcast

1363
01:11:53,320 --> 01:11:56,120
Speaker 1: on my Heart Radio powered by newstalk ZEBBI.

1364
01:11:57,120 --> 01:12:00,240
Speaker 2: It's time to invest in yourself. In Milford's word, to

1365
01:12:00,320 --> 01:12:03,280
Speaker 2: make twenty twenty five your money's year. I think we've

1366
01:12:03,320 --> 01:12:06,680
Speaker 2: all realized that retirement planning needs to happen now in

1367
01:12:06,840 --> 01:12:09,240
Speaker 2: the present. You has to look after it future you,

1368
01:12:09,520 --> 01:12:12,280
Speaker 2: and that starts here. Mapping up the journey and knowing

1369
01:12:12,400 --> 01:12:14,919
Speaker 2: what will take to get there. All these things are crucial.

1370
01:12:15,400 --> 01:12:19,720
Speaker 2: Start by visiting moneygoals dot co dot nz. You'll find

1371
01:12:19,760 --> 01:12:22,960
Speaker 2: a range of Milford's investing insights, financial goal setting tips,

1372
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Speaker 2: expert kebsaver hacks, and information on retirement planning. When they

1373
01:12:26,920 --> 01:12:29,519
Speaker 2: say there's something for everyone here, that's pretty much what

1374
01:12:29,600 --> 01:12:32,360
Speaker 2: they mean. Milford's role in all of this is to

1375
01:12:32,479 --> 01:12:35,720
Speaker 2: empower you to grow your money through the right investments

1376
01:12:36,080 --> 01:12:39,680
Speaker 2: to balance the risks and the returns. Future you will

1377
01:12:39,760 --> 01:12:43,080
Speaker 2: thank you for it. Visit money Gooals dot co dot enz.

1378
01:12:43,600 --> 01:12:46,320
Speaker 2: Past performance is not a reliable indicator of future performance.

1379
01:12:46,439 --> 01:12:49,720
Speaker 2: Milford Funds Limited is the issuer of the Milford Keepsaba

1380
01:12:49,760 --> 01:12:52,200
Speaker 2: Plan and the Milford Investment Funds. Go to milfinasset dot

1381
01:12:52,240 --> 01:12:55,240
Speaker 2: com to read the relevant Milford disclosure statements and to

1382
01:12:55,320 --> 01:12:59,160
Speaker 2: read their financial advice provider disclosure state. Ryan Bridge, just

1383
01:12:59,160 --> 01:13:01,080
Speaker 2: gone quarter past six here on news talk said, be

1384
01:13:01,600 --> 01:13:05,840
Speaker 2: lots of interesting texts on apprenticeships. Ryan my son is

1385
01:13:05,920 --> 01:13:08,960
Speaker 2: trying to find a mechanic apprenticeship, but there is nothing

1386
01:13:09,080 --> 01:13:12,599
Speaker 2: out there. Did pre trade at Potoni Polytech last year.

1387
01:13:12,680 --> 01:13:16,360
Speaker 2: He's very keen. Hasn't found anything yet, Ryan. Our tradesmen

1388
01:13:16,439 --> 01:13:19,840
Speaker 2: get between thirty five and fifty two dollars an hour,

1389
01:13:20,640 --> 01:13:24,000
Speaker 2: says Jeff, comparing to our previous guest said it was

1390
01:13:24,560 --> 01:13:27,160
Speaker 2: roughly thirty five. Depends what trade you're in, though, right,

1391
01:13:27,240 --> 01:13:31,160
Speaker 2: because we were speaking to a plumber and gas fitter, Ryan,

1392
01:13:31,439 --> 01:13:33,960
Speaker 2: your previous guest that they didn't even get the minimum wage. No,

1393
01:13:34,040 --> 01:13:37,639
Speaker 2: it's true. The apprenticeship meant that you start on nineteen

1394
01:13:37,680 --> 01:13:40,080
Speaker 2: to twenty per hour for a couple of years, and

1395
01:13:40,240 --> 01:13:42,160
Speaker 2: then you move your way up. But the point is

1396
01:13:42,240 --> 01:13:44,439
Speaker 2: you're earning from the get go. When you go to UNI,

1397
01:13:44,560 --> 01:13:46,120
Speaker 2: you're in debt from the get go.

1398
01:13:47,160 --> 01:13:47,360
Speaker 5: Ryan.

1399
01:13:47,479 --> 01:13:50,200
Speaker 2: We start our guys on a minimum wage, and when

1400
01:13:50,280 --> 01:13:52,840
Speaker 2: we start them on apprenticeships, they get between one and

1401
01:13:53,000 --> 01:13:58,880
Speaker 2: two dollars with each paper they pass. Stainless welders, installation

1402
01:13:59,120 --> 01:14:02,360
Speaker 2: and piping sears is limited. That is from Jeff. It

1403
01:14:02,479 --> 01:14:07,320
Speaker 2: is sixteen o six. Eighteen councils and three council controlled

1404
01:14:07,400 --> 01:14:10,920
Speaker 2: organizations have just had their credit ratings downgraded by S

1405
01:14:11,000 --> 01:14:14,559
Speaker 2: and P Global Ratings. The credit rating agency worried councils

1406
01:14:14,680 --> 01:14:18,400
Speaker 2: aren't receiving enough revenue to cover rising costs to trainees.

1407
01:14:18,439 --> 01:14:21,320
Speaker 2: The Heralds Wellington Business editor she's with us now, good

1408
01:14:21,400 --> 01:14:24,599
Speaker 2: evening evening, Ryan. You know this is not good news.

1409
01:14:24,760 --> 01:14:27,360
Speaker 2: What's what's changed? Why the downgrade?

1410
01:14:27,439 --> 01:14:31,960
Speaker 24: Now, yeah, it is, it is bad news. Basically, council's

1411
01:14:32,760 --> 01:14:36,640
Speaker 24: debt is really high. That the pressures on council to

1412
01:14:36,760 --> 01:14:41,719
Speaker 24: invest in infrastructure after years of councils underinvesting, is really

1413
01:14:42,080 --> 01:14:44,680
Speaker 24: catching up with them. The issue is is that their

1414
01:14:44,800 --> 01:14:49,760
Speaker 24: ratings base isn't necessarily as increasing as much as the

1415
01:14:49,880 --> 01:14:52,799
Speaker 24: cost Now. Of course, you know, different councils are increasing

1416
01:14:52,920 --> 01:14:57,040
Speaker 24: rates by varying amounts, and here in Wellington the rates

1417
01:14:57,240 --> 01:15:01,959
Speaker 24: rises are pretty bad. Are under pressure to not increased

1418
01:15:02,040 --> 01:15:06,240
Speaker 24: rates too much, but those costs are really coming to

1419
01:15:06,320 --> 01:15:10,120
Speaker 24: any head. So that is something that the ratings agency

1420
01:15:10,439 --> 01:15:13,679
Speaker 24: is wary of. It is also worried about the fact

1421
01:15:13,760 --> 01:15:16,400
Speaker 24: the government is not actually giving councils as much money

1422
01:15:16,479 --> 01:15:22,240
Speaker 24: as before the availability of grants from the Crown has decreased,

1423
01:15:22,680 --> 01:15:26,120
Speaker 24: and there's also a bit of uncertainty around government policy

1424
01:15:26,200 --> 01:15:29,519
Speaker 24: when it comes to local government. So that's another problem

1425
01:15:29,600 --> 01:15:32,559
Speaker 24: that that s and p raised. Now credit rating agencies

1426
01:15:32,600 --> 01:15:35,719
Speaker 24: don't just come out of the blue and downgrade ratings.

1427
01:15:35,760 --> 01:15:38,640
Speaker 24: It's quite a big deal. SMP has been warning of

1428
01:15:38,720 --> 01:15:40,920
Speaker 24: this for at least the past year.

1429
01:15:41,360 --> 01:15:44,840
Speaker 2: Yeah, and some have been downgraded in the past as well,

1430
01:15:44,920 --> 01:15:48,519
Speaker 2: haven't they Which councils haven't had their ratings changed.

1431
01:15:49,479 --> 01:15:53,400
Speaker 24: So Auckland Council that is a big one and that's

1432
01:15:53,400 --> 01:15:57,360
Speaker 24: a positive. Also Bay of Plenty Regional Council, Western Bay

1433
01:15:57,400 --> 01:16:01,160
Speaker 24: of Plenty District Council. Those are just some of them.

1434
01:16:01,880 --> 01:16:06,479
Speaker 24: The problem now when these credit ratings are downgraded is

1435
01:16:06,560 --> 01:16:10,080
Speaker 24: that it costs counsels more to borrow money. Now that

1436
01:16:10,240 --> 01:16:12,439
Speaker 24: is an issue given the amount that council's need to

1437
01:16:12,479 --> 01:16:16,000
Speaker 24: borrow for infrastructure here in Wellington, the pipes, the water,

1438
01:16:16,080 --> 01:16:20,519
Speaker 24: that's all an issue. I talked earlier today to the

1439
01:16:20,640 --> 01:16:24,879
Speaker 24: head of the Local Government Funding Agency. That's an agency

1440
01:16:24,960 --> 01:16:28,400
Speaker 24: that's set up that borrows money, issues debt to markets,

1441
01:16:28,800 --> 01:16:31,479
Speaker 24: it borrows money and then it lends money to councils.

1442
01:16:32,080 --> 01:16:35,679
Speaker 24: And Mark Butcher, the head of that agency, he said

1443
01:16:35,800 --> 01:16:39,960
Speaker 24: that when councils credit ratings are downgraded and notch, that

1444
01:16:40,160 --> 01:16:44,799
Speaker 24: adds five basis points to their borrowing costs. So if

1445
01:16:44,840 --> 01:16:48,439
Speaker 24: you're Wellington council and you currently borrow for I'm just

1446
01:16:48,520 --> 01:16:50,479
Speaker 24: making the number up, but you borrow for five percent

1447
01:16:50,920 --> 01:16:54,360
Speaker 24: from the Local Government Funding Agency. If your credit rating

1448
01:16:54,439 --> 01:16:57,640
Speaker 24: is downgraded, that that interest rate then goes up to

1449
01:16:58,040 --> 01:17:02,759
Speaker 24: five point zero five percent, So that that is the impact,

1450
01:17:02,840 --> 01:17:07,200
Speaker 24: you know, credit rating goes down, Costs to councils and

1451
01:17:07,280 --> 01:17:08,599
Speaker 24: to rate payers goes up.

1452
01:17:08,760 --> 01:17:11,760
Speaker 2: And is Wellington one of the ones that's been downgraded?

1453
01:17:12,600 --> 01:17:12,800
Speaker 13: Yeah?

1454
01:17:13,000 --> 01:17:15,880
Speaker 24: Yeah, Wellington. Wellington has been downgraded now out there.

1455
01:17:15,840 --> 01:17:18,000
Speaker 2: And they haven't applied and they didn't apply for their

1456
01:17:18,080 --> 01:17:22,280
Speaker 2: city deal on times because that presumably would help with financing.

1457
01:17:22,400 --> 01:17:25,759
Speaker 22: Right, Look, I'm not too sure.

1458
01:17:26,360 --> 01:17:29,960
Speaker 24: The way that this is set up is actually quite

1459
01:17:29,960 --> 01:17:32,599
Speaker 24: good with the Local Government Funding Agency, So rather than

1460
01:17:32,680 --> 01:17:36,960
Speaker 24: having councils go out there and try to get money themselves,

1461
01:17:37,280 --> 01:17:40,479
Speaker 24: they do it through the LGFA. Now S and P

1462
01:17:40,960 --> 01:17:44,200
Speaker 24: also gives the LGFA, the Local Government Funding Agency, a

1463
01:17:44,280 --> 01:17:48,360
Speaker 24: credit rating, and just yesterday it affirmed that rating. So

1464
01:17:48,520 --> 01:17:51,639
Speaker 24: the lgfa's credit rating has stayed the same. That sort

1465
01:17:51,680 --> 01:17:55,920
Speaker 24: of softens the impact of these councils having their ratings

1466
01:17:56,000 --> 01:18:00,479
Speaker 24: downgraded because it means that the Local Government Fund Agency

1467
01:18:00,560 --> 01:18:03,920
Speaker 24: can keep borrowing money from you know, around New Zealand

1468
01:18:03,960 --> 01:18:06,800
Speaker 24: around the world at the same sort of rate that

1469
01:18:06,920 --> 01:18:09,760
Speaker 24: it currently does, and then it on lends that money

1470
01:18:09,800 --> 01:18:13,920
Speaker 24: to counsels for a bit more So that does create

1471
01:18:13,960 --> 01:18:16,519
Speaker 24: a bit of a buffer, and it means that at

1472
01:18:16,600 --> 01:18:20,439
Speaker 24: least the institution that is organizing the borrowing of money

1473
01:18:20,479 --> 01:18:23,840
Speaker 24: and then on lending it that is in good Nick

1474
01:18:24,520 --> 01:18:26,519
Speaker 24: and S and P is happy with the governance of that,

1475
01:18:27,640 --> 01:18:29,679
Speaker 24: the way that's set up, the amount of capital it has,

1476
01:18:30,400 --> 01:18:33,600
Speaker 24: its diversification, all that sort of thing. So there is

1477
01:18:34,000 --> 01:18:36,479
Speaker 24: a bit of a silver lining in this scenario.

1478
01:18:36,600 --> 01:18:38,920
Speaker 2: Fascinating stuff to I thank you very much for running

1479
01:18:38,960 --> 01:18:41,320
Speaker 2: us through it. To Agy of Training Inded Herald's Wellington

1480
01:18:41,400 --> 01:18:43,880
Speaker 2: Business editor. It is twenty one minutes halfter six. Lots

1481
01:18:43,880 --> 01:18:46,880
Speaker 2: of volatility still on the markets over in the US.

1482
01:18:47,000 --> 01:18:49,439
Speaker 2: Any new developments. We'll check in with Andrew Kurtain at

1483
01:18:49,479 --> 01:18:50,320
Speaker 2: Milford next.

1484
01:18:50,280 --> 01:18:52,559
Speaker 3: Encroaching the numbers and getting the results.

1485
01:18:52,880 --> 01:18:56,960
Speaker 1: It's Ryan Bridge with the Business Hour and Mass Insurance

1486
01:18:57,040 --> 01:19:01,280
Speaker 1: and Investments, Grew your wealth, Protect your future news dogs that'd.

1487
01:19:01,120 --> 01:19:03,519
Speaker 2: Be now the bumpy day trading on the U S

1488
01:19:03,560 --> 01:19:06,920
Speaker 2: Stock market. Andrew Courtain is without Milford Asset Management he's

1489
01:19:06,960 --> 01:19:10,880
Speaker 2: with me tonight, ged Andrew evening, right, So the the

1490
01:19:11,200 --> 01:19:14,840
Speaker 2: selloff continues last night, any new developments.

1491
01:19:15,720 --> 01:19:17,400
Speaker 5: Yeah, there's another another volatile night.

1492
01:19:17,479 --> 01:19:19,920
Speaker 25: Last night we had there's SOMEP five hundred down around

1493
01:19:20,000 --> 01:19:23,120
Speaker 25: about one percent. It was a little bit disappointing because

1494
01:19:23,120 --> 01:19:25,000
Speaker 25: we had seen it rallied a couple of days before

1495
01:19:25,040 --> 01:19:26,320
Speaker 25: and it was up about three percent.

1496
01:19:26,520 --> 01:19:28,840
Speaker 5: So we're back to downadays again, unfortunately.

1497
01:19:29,680 --> 01:19:32,040
Speaker 25: So that takes the US markets down about eight percent

1498
01:19:32,120 --> 01:19:34,360
Speaker 25: since the highs we saw in February.

1499
01:19:35,080 --> 01:19:37,400
Speaker 5: There's no real news that triggered it last night.

1500
01:19:37,479 --> 01:19:39,640
Speaker 25: It's just we're now just in this period where volatility

1501
01:19:39,720 --> 01:19:41,720
Speaker 25: is quite high, so it's becoming quite normal to see

1502
01:19:41,800 --> 01:19:43,920
Speaker 25: days where the market up up or down one or

1503
01:19:43,960 --> 01:19:48,120
Speaker 25: two percent. We saw technology stocks and stocks that are

1504
01:19:48,120 --> 01:19:52,680
Speaker 25: particularly sensitive to the US economic growth outlook with the

1505
01:19:52,720 --> 01:19:55,000
Speaker 25: stocks that sold off again last night and the other

1506
01:19:55,040 --> 01:19:56,519
Speaker 25: ones that have sort of led the sell off over

1507
01:19:56,600 --> 01:19:59,240
Speaker 25: the last last month or so, and all this has

1508
01:19:59,240 --> 01:20:01,400
Speaker 25: already been driven by by a sort of growing view

1509
01:20:01,479 --> 01:20:04,439
Speaker 25: that the US might be seeing some economics slow down.

1510
01:20:04,600 --> 01:20:07,200
Speaker 25: Part of that's to do with uncertainty around tariffs, some

1511
01:20:07,320 --> 01:20:10,160
Speaker 25: of it's part of it's abound other Trump policies such

1512
01:20:10,200 --> 01:20:10,919
Speaker 25: as immigration.

1513
01:20:12,680 --> 01:20:14,439
Speaker 2: None of this was to do with the Middle East

1514
01:20:14,840 --> 01:20:16,720
Speaker 2: and the resumption of fighting there.

1515
01:20:17,840 --> 01:20:19,040
Speaker 5: No, I don't think so.

1516
01:20:19,320 --> 01:20:22,960
Speaker 25: So the market's become quite used to them, unfortunately, seeing

1517
01:20:22,960 --> 01:20:24,080
Speaker 25: what's going on in the Middle East.

1518
01:20:24,120 --> 01:20:25,920
Speaker 5: So no, I don't. I don't think it was that.

1519
01:20:26,040 --> 01:20:27,880
Speaker 25: I mean there probably was a bit more focus on

1520
01:20:28,560 --> 01:20:31,559
Speaker 25: actually the Trump and Pootin discussion and seeing if there's

1521
01:20:31,600 --> 01:20:33,320
Speaker 25: going to be a ceasefire.

1522
01:20:34,520 --> 01:20:36,720
Speaker 5: In that market. Unfortunately wasn't a ceasefire.

1523
01:20:36,280 --> 01:20:38,679
Speaker 25: Agreed too, But the markets looking that as a catalyst

1524
01:20:38,720 --> 01:20:43,120
Speaker 25: to potentially push European equities higher game which which had

1525
01:20:43,160 --> 01:20:45,640
Speaker 25: our performance. Yet they're up around about twelve percent, So

1526
01:20:46,200 --> 01:20:48,599
Speaker 25: while the US market's been down five you're seeing quite

1527
01:20:48,600 --> 01:20:49,960
Speaker 25: a strong European market.

1528
01:20:50,240 --> 01:20:53,040
Speaker 2: Yeah, really strong. Do you think that there's room for

1529
01:20:53,120 --> 01:20:54,240
Speaker 2: that to go much higher?

1530
01:20:55,360 --> 01:20:57,000
Speaker 5: Yeah, well I think there is.

1531
01:20:57,840 --> 01:21:00,839
Speaker 25: Markets sort of needs often want to see the catalyst

1532
01:21:00,920 --> 01:21:03,479
Speaker 25: once you've seen a fairly big booth. So because they

1533
01:21:03,520 --> 01:21:06,280
Speaker 25: are already up twelve percent, it's now really about do

1534
01:21:06,400 --> 01:21:07,360
Speaker 25: we get more news.

1535
01:21:07,200 --> 01:21:09,400
Speaker 5: That can keep pushing the sort of trade into Europe.

1536
01:21:11,000 --> 01:21:14,880
Speaker 25: One thing to look out for is there's this infrastructure

1537
01:21:14,920 --> 01:21:17,679
Speaker 25: and defense spending bill that's been pushed through by Germany

1538
01:21:17,720 --> 01:21:19,519
Speaker 25: at the moment, and there was actually some news on

1539
01:21:19,560 --> 01:21:22,400
Speaker 25: that last night where sort of the first round of

1540
01:21:22,680 --> 01:21:25,960
Speaker 25: local lawmakers had to vote to approve this, which they did.

1541
01:21:26,360 --> 01:21:29,160
Speaker 25: There's still another round to go, but this is positive,

1542
01:21:29,200 --> 01:21:31,320
Speaker 25: so that's hit in the right direction. And yeah, and

1543
01:21:31,360 --> 01:21:34,800
Speaker 25: also markus Ovsey closely watching Ukraine developments.

1544
01:21:34,840 --> 01:21:36,320
Speaker 5: If we do CSS fire.

1545
01:21:36,120 --> 01:21:37,640
Speaker 25: And ultimately need into the war there and then I

1546
01:21:37,680 --> 01:21:40,639
Speaker 25: think that's an another large catalyst to keep pushing markets high.

1547
01:21:40,920 --> 01:21:43,960
Speaker 2: Yeah, thank goodness for Germany and some stimulus. Same goes

1548
01:21:44,000 --> 01:21:47,240
Speaker 2: for China. Right now, let's talk about in Nvidia, world's

1549
01:21:47,240 --> 01:21:50,639
Speaker 2: second largest company, had their annual technology conference today. Anything

1550
01:21:50,720 --> 01:21:53,719
Speaker 2: made you come out of that, well, not really.

1551
01:21:53,600 --> 01:21:55,519
Speaker 5: It was most of the news was sort of in

1552
01:21:55,560 --> 01:21:56,800
Speaker 5: line with expectations.

1553
01:21:57,200 --> 01:21:59,080
Speaker 25: The CEO did about a two and a half hour

1554
01:21:59,160 --> 01:22:03,400
Speaker 25: long presentation in terms of technology developments, is around about

1555
01:22:04,000 --> 01:22:07,760
Speaker 25: what people expected. And because there's nothing really exciting that the.

1556
01:22:07,800 --> 01:22:09,240
Speaker 5: Shar has traded down a few percent.

1557
01:22:09,400 --> 01:22:13,760
Speaker 25: But the key message really was that al models can

1558
01:22:14,040 --> 01:22:16,640
Speaker 25: get more complex and the video is the company that

1559
01:22:16,800 --> 01:22:19,120
Speaker 25: is really pushing the frontiers on how to power these

1560
01:22:19,160 --> 01:22:21,519
Speaker 25: models and make them more efficient and as these models

1561
01:22:22,160 --> 01:22:24,679
Speaker 25: get more complex, they need these kind of super powerful

1562
01:22:24,760 --> 01:22:28,120
Speaker 25: chips that the VideA is developing. And Jensen, the CEO

1563
01:22:28,160 --> 01:22:31,040
Speaker 25: of Asses, spent most of the presentation talking about how

1564
01:22:31,200 --> 01:22:33,120
Speaker 25: the video is the latest technology is going to be

1565
01:22:33,160 --> 01:22:34,519
Speaker 25: at the forefront of this development.

1566
01:22:35,439 --> 01:22:38,400
Speaker 2: Andrew, thank you for that wrap. Andrew contained milfdastic management.

1567
01:22:38,479 --> 01:22:40,639
Speaker 2: It's twenty seven after six year on news talks, there'd

1568
01:22:40,680 --> 01:22:44,200
Speaker 2: be gold has hit three thousand US announce how much

1569
01:22:44,280 --> 01:22:46,640
Speaker 2: higher could that go into the gold merchants on that

1570
01:22:46,840 --> 01:22:49,800
Speaker 2: next plus we go to the UK, we'll find out

1571
01:22:49,840 --> 01:22:52,479
Speaker 2: from Gavin Gray. The reaction to this call between Trump

1572
01:22:52,520 --> 01:22:56,439
Speaker 2: and pertin the fact there is no ceasefire, as Andrew mentioned, albeit,

1573
01:22:56,600 --> 01:22:58,680
Speaker 2: I mean would you call it, Yes, it's a when

1574
01:22:58,680 --> 01:23:01,599
Speaker 2: they're not going to hit energy actually anymore, but certainly

1575
01:23:01,960 --> 01:23:05,000
Speaker 2: a long way from a ceasefire and a very very

1576
01:23:05,120 --> 01:23:07,240
Speaker 2: long way from peace in Europe.

1577
01:23:08,760 --> 01:23:14,479
Speaker 10: Yeah, called icty long when.

1578
01:23:15,840 --> 01:23:20,000
Speaker 1: Whether it's macro microbe or just plain economics, it's all

1579
01:23:20,120 --> 01:23:24,200
Speaker 1: on the business hours with Ryan Bridge and players insurance

1580
01:23:24,280 --> 01:23:27,960
Speaker 1: and investments, grow your wealth, protect your future use talk,

1581
01:23:28,000 --> 01:23:28,320
Speaker 1: said me.

1582
01:23:45,280 --> 01:23:47,479
Speaker 2: Good evening. It is twenty four away from seven. Great

1583
01:23:47,520 --> 01:23:51,040
Speaker 2: to have your company quarter one. Sorry, Quarter four twenty

1584
01:23:51,120 --> 01:23:55,000
Speaker 2: twenty four data out tomorrow will find out GDP. I'm

1585
01:23:55,080 --> 01:23:58,680
Speaker 2: wondering how quarter one twenty twenty five is going. I mean,

1586
01:23:58,680 --> 01:24:00,840
Speaker 2: if you look at some of the indicators, you look

1587
01:24:00,840 --> 01:24:03,240
Speaker 2: at this confidence survey today. This is for March for

1588
01:24:03,920 --> 01:24:06,080
Speaker 2: Westpac that we've been talking about earlier. We spoke to

1589
01:24:06,120 --> 01:24:08,519
Speaker 2: them to staft to five on the show down eight

1590
01:24:08,640 --> 01:24:14,080
Speaker 2: points not great. Consumer confidence index down, Present conditions index down,

1591
01:24:14,439 --> 01:24:19,400
Speaker 2: Expected conditions index down. This is everybody feeling bleaker about

1592
01:24:19,400 --> 01:24:22,680
Speaker 2: their current financial situation, the one year economic outlook, the

1593
01:24:22,800 --> 01:24:25,639
Speaker 2: five year economic outlook, and the comment it's a good

1594
01:24:25,720 --> 01:24:29,759
Speaker 2: time to buy. So not a great of raging endorsement

1595
01:24:29,800 --> 01:24:31,760
Speaker 2: for quarter one, but it'd been interesting to see because

1596
01:24:31,760 --> 01:24:33,840
Speaker 2: we're expected to come out of recession of course four

1597
01:24:34,000 --> 01:24:37,479
Speaker 2: quarter four twenty twenty four, depending on who you ask,

1598
01:24:37,680 --> 01:24:40,439
Speaker 2: whether it's the RBNZETA or economists, somewhere between zero point

1599
01:24:40,479 --> 01:24:44,160
Speaker 2: three and zero point five boost. But what happens in

1600
01:24:44,240 --> 01:24:46,720
Speaker 2: quarter one on this survey, you'd have to say, it's

1601
01:24:46,800 --> 01:24:49,439
Speaker 2: not exactly going to be charging Ford, is it. It's

1602
01:24:49,520 --> 01:24:50,959
Speaker 2: twenty three away from seven.

1603
01:24:50,800 --> 01:24:52,840
Speaker 3: Now, Ryan Bridge the price of gold.

1604
01:24:53,040 --> 01:24:56,280
Speaker 2: Speaking of charging Ford, this certainly has been heading record

1605
01:24:56,400 --> 01:24:59,639
Speaker 2: highs this week, broken through the three thousand US dollar

1606
01:24:59,680 --> 01:25:02,800
Speaker 2: and aunt smart and is now up fifteen percent since

1607
01:25:02,840 --> 01:25:05,599
Speaker 2: the start of twenty twenty five. Tony Coleman from New

1608
01:25:05,680 --> 01:25:07,960
Speaker 2: Zealand Gold Merchants is on the line with us Tony,

1609
01:25:08,000 --> 01:25:08,720
Speaker 2: good evening.

1610
01:25:09,400 --> 01:25:10,280
Speaker 17: Hi, Ryan, how are you.

1611
01:25:10,520 --> 01:25:14,160
Speaker 2: I'm very well, thank you. What is attracting everyone to gold?

1612
01:25:14,240 --> 01:25:16,840
Speaker 2: Presumably it's everything else going a little bit belly up?

1613
01:25:18,000 --> 01:25:20,120
Speaker 17: Well, I think you're right. I think there are three

1614
01:25:20,200 --> 01:25:24,880
Speaker 17: main reasons, and it's Trump, Trump and Trump. I mean,

1615
01:25:24,920 --> 01:25:28,760
Speaker 17: we're talking about Trump tariffs, We're talking about Trump being

1616
01:25:29,280 --> 01:25:34,479
Speaker 17: creating a recession and creating falling markets, and the geo

1617
01:25:34,760 --> 01:25:38,479
Speaker 17: political uncertainty that Trump is trying to affect. SPAD is

1618
01:25:38,560 --> 01:25:39,760
Speaker 17: not doing very well at the moment.

1619
01:25:40,640 --> 01:25:44,240
Speaker 2: What returns would you normally see, Like, fifteen percent since

1620
01:25:44,280 --> 01:25:47,000
Speaker 2: the start of twenty twenty five is obviously massive, it's

1621
01:25:47,080 --> 01:25:50,439
Speaker 2: up there with the increase in European share markets. Actually,

1622
01:25:50,520 --> 01:25:52,920
Speaker 2: funnily enough, another place they see is safe. But what

1623
01:25:53,000 --> 01:25:55,200
Speaker 2: would you normally see in your typical year for gold.

1624
01:25:56,200 --> 01:26:00,240
Speaker 17: Well, gold's been accelerating in price over the last few

1625
01:26:00,320 --> 01:26:05,080
Speaker 17: years since COVID. Really we saw in kivi dollars, approximately

1626
01:26:05,120 --> 01:26:10,040
Speaker 17: a fifty percent return on investment last year, and it's

1627
01:26:10,120 --> 01:26:15,400
Speaker 17: accelerated into from January through February, mainly because of the

1628
01:26:15,920 --> 01:26:19,439
Speaker 17: Trump effect. And I mean by that nobody really knows

1629
01:26:19,520 --> 01:26:25,200
Speaker 17: what markets are doing. The tariffs have made us purchases

1630
01:26:25,920 --> 01:26:30,160
Speaker 17: importers by a lot of gold in the Comax mar

1631
01:26:30,200 --> 01:26:32,720
Speaker 17: I can and stand for delivery. That means instead of

1632
01:26:33,040 --> 01:26:36,599
Speaker 17: taking a profit when a future expires, they're wanting the metal.

1633
01:26:37,200 --> 01:26:38,960
Speaker 2: This has caused a lot of upheable and.

1634
01:26:39,040 --> 01:26:42,680
Speaker 17: We're now having to move gold from London to New

1635
01:26:42,800 --> 01:26:47,240
Speaker 17: York to certisfy that need. And that's about one point

1636
01:26:47,360 --> 01:26:52,040
Speaker 17: six one hundred and sixty metric tongues, which is about

1637
01:26:52,080 --> 01:26:56,240
Speaker 17: fifteen billion dollars just for the February contract, which is enormous.

1638
01:26:56,800 --> 01:26:58,360
Speaker 2: Do you when you say we have to move it

1639
01:26:58,479 --> 01:27:01,960
Speaker 2: from London to New York, do you mean physically it's

1640
01:27:02,040 --> 01:27:03,120
Speaker 2: physically moved.

1641
01:27:03,240 --> 01:27:07,439
Speaker 17: So normally delivery would be five to ten days out

1642
01:27:07,479 --> 01:27:10,240
Speaker 17: of New York, and we're talking eight to twelve weeks

1643
01:27:10,320 --> 01:27:13,960
Speaker 17: now because they wanted to move physically gold from the

1644
01:27:14,200 --> 01:27:16,519
Speaker 17: Bank of England to Comax.

1645
01:27:16,560 --> 01:27:18,960
Speaker 2: Ah Row presumably need a bit of security for.

1646
01:27:19,040 --> 01:27:22,960
Speaker 17: That yes, I'm not sure it's going on a domestic flight,

1647
01:27:23,160 --> 01:27:26,400
Speaker 17: but my guess is that these things are all moved

1648
01:27:26,439 --> 01:27:29,960
Speaker 17: in a highly secure manner, as all gold is typically

1649
01:27:30,000 --> 01:27:31,040
Speaker 17: around the world these days.

1650
01:27:31,200 --> 01:27:33,840
Speaker 2: How much do we invest in gold New Zealanders? Are

1651
01:27:33,920 --> 01:27:35,160
Speaker 2: we quite hot on it?

1652
01:27:36,400 --> 01:27:41,280
Speaker 17: Well, we're a small market. We anticipate that the gold

1653
01:27:41,439 --> 01:27:45,760
Speaker 17: market in New Zealand is approximately zero point five percentage

1654
01:27:45,800 --> 01:27:49,920
Speaker 17: point of total investment, so it is a relatively small market,

1655
01:27:50,160 --> 01:27:55,120
Speaker 17: though it is growing. We are seeing people that understand

1656
01:27:55,240 --> 01:27:58,560
Speaker 17: finance in the market a lot more than people that

1657
01:27:58,720 --> 01:28:03,200
Speaker 17: are just use using savings accounts through banks and qvsever.

1658
01:28:03,760 --> 01:28:07,320
Speaker 17: In fact, to try and fix that, we've just launched

1659
01:28:07,360 --> 01:28:11,120
Speaker 17: our new product called gold sever, which allows anyone to

1660
01:28:11,200 --> 01:28:13,400
Speaker 17: buy gold for as little as fifty dollars a month

1661
01:28:13,800 --> 01:28:17,160
Speaker 17: stored in physical metal for them. So we're hoping that

1662
01:28:17,360 --> 01:28:20,599
Speaker 17: these sorts of initiatives will change the market in time.

1663
01:28:20,840 --> 01:28:22,920
Speaker 2: Make it a bit more tangible for people too, probably

1664
01:28:22,920 --> 01:28:23,240
Speaker 2: as well.

1665
01:28:23,320 --> 01:28:26,400
Speaker 17: Tony Apprecia, Well, it's it's better than holding it in

1666
01:28:26,479 --> 01:28:29,240
Speaker 17: a currency that is the worst performing in the OECD

1667
01:28:29,439 --> 01:28:29,880
Speaker 17: last year.

1668
01:28:31,320 --> 01:28:34,920
Speaker 2: Good point, Tony Calemn NZ gold merchants. It is nineteen

1669
01:28:34,960 --> 01:28:38,160
Speaker 2: away from seven News talks EDB will head to Europe next.

1670
01:28:38,280 --> 01:28:39,519
Speaker 2: Gavin Gray standing by.

1671
01:28:39,800 --> 01:28:43,880
Speaker 1: Everything from SMEs to the big corporates, the Business Hour

1672
01:28:44,160 --> 01:28:48,880
Speaker 1: with Ryan Bridge and plans, insurance and investments, Grew your Wealth,

1673
01:28:49,080 --> 01:28:52,519
Speaker 1: Protect Your Future News talks eDV off the.

1674
01:28:52,560 --> 01:28:55,120
Speaker 2: Europe in just a second, sixteen away from seven. There's

1675
01:28:55,160 --> 01:28:58,200
Speaker 2: been a moose sighting in Fiordland. It's been called the

1676
01:28:58,320 --> 01:29:02,080
Speaker 2: most compelling moose se in New Zealand in years. But

1677
01:29:02,280 --> 01:29:04,560
Speaker 2: Doc has already come out and said, now it was

1678
01:29:04,600 --> 01:29:07,519
Speaker 2: a deer. How do you know that, Doc? How can

1679
01:29:07,600 --> 01:29:10,960
Speaker 2: you possibly know? Moose were introduced tot to Fjordland from

1680
01:29:11,040 --> 01:29:15,759
Speaker 2: Canada way back in nineteen ten. Sightings have been basically

1681
01:29:15,840 --> 01:29:19,120
Speaker 2: few and far between, and by the mid twentieth century

1682
01:29:19,240 --> 01:29:21,240
Speaker 2: we've seen two fists a bug r all of them.

1683
01:29:21,720 --> 01:29:25,040
Speaker 2: The last claim sighting was made by a helicopter pilot.

1684
01:29:25,120 --> 01:29:27,439
Speaker 2: His name was Ben Young. This was north of Doubtful

1685
01:29:27,520 --> 01:29:31,960
Speaker 2: Sound in twenty twenty. And now an American has come

1686
01:29:32,040 --> 01:29:34,679
Speaker 2: here and says he believes he saw one. He stumbled

1687
01:29:34,680 --> 01:29:39,120
Speaker 2: across one. No bit Nigeen is his name of Minnesota.

1688
01:29:39,760 --> 01:29:42,120
Speaker 2: It's a funny sort of tongue twister, isn't it. No

1689
01:29:42,320 --> 01:29:47,120
Speaker 2: Bit Nigeen of Minnesota with his wife Virginia Shinng Schunng

1690
01:29:48,439 --> 01:29:51,360
Speaker 2: So no Bit Nigeen of Minnesota and his wife Virginia Shining.

1691
01:29:51,880 --> 01:29:54,120
Speaker 2: They encountered the moose while tramping. They kept the track

1692
01:29:54,200 --> 01:29:55,480
Speaker 2: on March thirteen.

1693
01:29:55,240 --> 01:29:56,800
Speaker 7: Starting to sound of it like a children's book.

1694
01:29:56,800 --> 01:29:59,200
Speaker 2: Isn't that a little bit hopefull? We could get to

1695
01:29:59,280 --> 01:30:03,599
Speaker 2: Cinda to sell anyway. The pair said they're very familiar

1696
01:30:03,680 --> 01:30:09,160
Speaker 2: with the distinctive characteristics of moose as Nigen. Here's the

1697
01:30:11,080 --> 01:30:14,800
Speaker 2: crux of the story. Nigen is a veteran, is a

1698
01:30:14,960 --> 01:30:19,160
Speaker 2: vet of almost three decades, and they've both observed moose

1699
01:30:19,320 --> 01:30:23,759
Speaker 2: in the US wild. How can you not trust Nigeen

1700
01:30:24,439 --> 01:30:31,240
Speaker 2: Nobit Norbit nigeen thirty years a vet seen a moose before.

1701
01:30:31,640 --> 01:30:33,920
Speaker 2: And Doc comes out and says, within twenty four hours,

1702
01:30:34,080 --> 01:30:37,840
Speaker 2: it's a deer. It's a scandal, is what it is.

1703
01:30:38,600 --> 01:30:41,439
Speaker 2: And he's and they're wrong. Quarter to seven.

1704
01:30:42,040 --> 01:30:46,559
Speaker 3: Bridge brich Ryan Bridge.

1705
01:30:49,160 --> 01:30:50,559
Speaker 7: We're not going to to take a break out.

1706
01:30:50,520 --> 01:30:52,240
Speaker 2: He right, No, we're not going to need to, but

1707
01:30:52,360 --> 01:30:54,439
Speaker 2: we do have to compose ourselves because we have to

1708
01:30:54,479 --> 01:30:58,760
Speaker 2: go to Gavin. Right time is fourteen away from seven

1709
01:30:58,840 --> 01:31:03,040
Speaker 2: now Devin Gray is a UK correspondent. Given good evening

1710
01:31:03,120 --> 01:31:07,360
Speaker 2: to you guy there. Now, we've had a call between

1711
01:31:07,439 --> 01:31:12,240
Speaker 2: Donald Trump and Potin which has not been as successful

1712
01:31:12,280 --> 01:31:14,880
Speaker 2: as a a lot many would have hoped. How is

1713
01:31:14,920 --> 01:31:17,280
Speaker 2: Europe reacting to well?

1714
01:31:17,400 --> 01:31:20,200
Speaker 6: I think yeah, good news is as short supply as

1715
01:31:20,240 --> 01:31:22,400
Speaker 6: most sightings really aren't they at the moment. But I'm

1716
01:31:22,439 --> 01:31:26,080
Speaker 6: afraid that the news hasn't gone down well. Many perceive

1717
01:31:26,560 --> 01:31:30,080
Speaker 6: that Russia is gaining the upper hand in these negotiations.

1718
01:31:30,479 --> 01:31:34,479
Speaker 6: Certainly the US side has not got out of this

1719
01:31:34,680 --> 01:31:37,040
Speaker 6: most recent phone call. What they were hoping to announce

1720
01:31:37,320 --> 01:31:39,880
Speaker 6: a general cease far is not happening. Only this cease

1721
01:31:39,920 --> 01:31:45,280
Speaker 6: far on attacking power plants and energy related sites. And

1722
01:31:45,960 --> 01:31:48,240
Speaker 6: I think across Europe there is this growing feeling that

1723
01:31:48,280 --> 01:31:51,439
Speaker 6: perhaps Donald Trump doesn't realize he's being played by a

1724
01:31:51,560 --> 01:31:56,360
Speaker 6: man who frankly doesn't care very much about keeping this

1725
01:31:56,520 --> 01:31:58,920
Speaker 6: going for a long time, to make it very uncomfortable

1726
01:31:59,040 --> 01:32:02,599
Speaker 6: for Europe, to make it uncomfortable for America, and hoping

1727
01:32:02,920 --> 01:32:05,639
Speaker 6: that he gets quite a lot of land and rare

1728
01:32:05,760 --> 01:32:09,200
Speaker 6: minerals out of Ukraine, not really caring too much about

1729
01:32:09,240 --> 01:32:13,120
Speaker 6: the loss of life. So we've had a meeting in

1730
01:32:13,240 --> 01:32:16,599
Speaker 6: Berlin with the French President Emmanuel Macron and the German

1731
01:32:16,680 --> 01:32:19,679
Speaker 6: Chancellor Olive Schultz, and they are saying that this limited

1732
01:32:19,760 --> 01:32:23,720
Speaker 6: ceasefire plan is an important first step, but both are

1733
01:32:23,760 --> 01:32:27,120
Speaker 6: saying we need a complete ceasefire. What is the problem

1734
01:32:27,200 --> 01:32:30,960
Speaker 6: with that. The British Prime Minister Sekirstarma has spoken to

1735
01:32:31,120 --> 01:32:36,599
Speaker 6: Vlodomir Zelenski of Ukraine and reiterated the government's on wavering support.

1736
01:32:36,760 --> 01:32:39,280
Speaker 6: So I think lots of people thinking, okay, well that's

1737
01:32:39,320 --> 01:32:43,880
Speaker 6: a start. It's not what I think the American President

1738
01:32:44,000 --> 01:32:46,479
Speaker 6: was hoping to announce, but let's see where this next

1739
01:32:46,560 --> 01:32:48,080
Speaker 6: meeting goes in a few days time.

1740
01:32:48,920 --> 01:32:53,080
Speaker 2: And on the issue of work well beneficiaries being paid

1741
01:32:53,640 --> 01:32:56,680
Speaker 2: for not working, this has obviously been something that's been

1742
01:32:56,760 --> 01:32:58,600
Speaker 2: rumbling along for a couple of weeks now, but the

1743
01:32:58,760 --> 01:33:01,479
Speaker 2: government refusing to rule out further cuts to benefits.

1744
01:33:02,880 --> 01:33:05,160
Speaker 6: Yes, so ran I mean, for those who haven't heard,

1745
01:33:05,479 --> 01:33:09,240
Speaker 6: in the UK, we have more than four million people

1746
01:33:09,920 --> 01:33:14,479
Speaker 6: signed off from work with either physical and or mental

1747
01:33:14,560 --> 01:33:19,120
Speaker 6: health conditions. It currently costs roughly one hundred and forty

1748
01:33:19,439 --> 01:33:23,240
Speaker 6: billion New Zealand dollars a year in benefits, and that

1749
01:33:23,479 --> 01:33:26,640
Speaker 6: is said to be rising within five years to more

1750
01:33:26,720 --> 01:33:30,160
Speaker 6: than two hundred and twenty billion New Zealand dollars years.

1751
01:33:30,320 --> 01:33:34,839
Speaker 6: It is quite unsustainable and that yesterday the government announced

1752
01:33:34,880 --> 01:33:38,360
Speaker 6: cuts equating to about eleven billion. They've tightened on the

1753
01:33:38,560 --> 01:33:43,240
Speaker 6: eligibility of getting these disability related benefits. They've also cut

1754
01:33:43,439 --> 01:33:46,200
Speaker 6: some of the amount of the benefits. And yet people

1755
01:33:46,240 --> 01:33:48,880
Speaker 6: have immediately turned around and said, well, first of all,

1756
01:33:49,960 --> 01:33:54,280
Speaker 6: some groups representing charities said this is immoral and devastating.

1757
01:33:54,560 --> 01:33:56,240
Speaker 6: But on the other side there are people saying this

1758
01:33:56,280 --> 01:33:58,960
Speaker 6: doesn't go far enough. The total bill, as I said,

1759
01:33:59,280 --> 01:34:01,800
Speaker 6: could be up to two hundred and twenty billion New

1760
01:34:01,880 --> 01:34:04,680
Speaker 6: Zealand dollars in five years, so five billion is a

1761
01:34:04,720 --> 01:34:06,759
Speaker 6: bit of a drop in the ocean. But the government

1762
01:34:06,800 --> 01:34:10,439
Speaker 6: being us, look, with the growth target not being reached

1763
01:34:10,479 --> 01:34:12,960
Speaker 6: in the UK and the need to tighten the belts

1764
01:34:13,000 --> 01:34:15,160
Speaker 6: even further, are you going to need to cut more?

1765
01:34:15,600 --> 01:34:18,800
Speaker 6: And the government not giving a direct answer to that,

1766
01:34:19,000 --> 01:34:21,640
Speaker 6: but certainly they are admitting this is painful. They are

1767
01:34:21,760 --> 01:34:24,360
Speaker 6: admitting many of their own MPs don't like it, but

1768
01:34:24,479 --> 01:34:26,840
Speaker 6: they do have a big majority and many of those

1769
01:34:26,880 --> 01:34:28,599
Speaker 6: are on side with the Prime Minister.

1770
01:34:29,040 --> 01:34:32,240
Speaker 2: Now we know that inflation the CPI has calculated using

1771
01:34:32,280 --> 01:34:36,000
Speaker 2: a basket of goods in the UK, the statisticians are

1772
01:34:36,040 --> 01:34:38,680
Speaker 2: going to change. What's in the basket are what's in

1773
01:34:38,760 --> 01:34:39,200
Speaker 2: what's out?

1774
01:34:40,280 --> 01:34:42,920
Speaker 6: Yeah, this is fascinating as to what they now consider

1775
01:34:43,080 --> 01:34:45,680
Speaker 6: is not relevant and what is. There's a basket of

1776
01:34:45,840 --> 01:34:50,240
Speaker 6: seven hundred and fifty two items and the Office of

1777
01:34:50,360 --> 01:34:53,720
Speaker 6: National Statistics, a government body, collects the costs of these

1778
01:34:53,800 --> 01:34:56,880
Speaker 6: products and services across different retailers to come up with

1779
01:34:57,000 --> 01:35:01,680
Speaker 6: monthly inflation figures. So what we have now lost are

1780
01:35:01,960 --> 01:35:06,960
Speaker 6: basically turkey mints is one thing that's been removed. Another

1781
01:35:07,040 --> 01:35:10,800
Speaker 6: thing is advertising in a newspaper has been removed, and

1782
01:35:10,960 --> 01:35:14,360
Speaker 6: another thing is DVD rentals. I mean, gosh, I was

1783
01:35:14,400 --> 01:35:16,760
Speaker 6: surprised to see that still in the list. But we

1784
01:35:16,960 --> 01:35:22,840
Speaker 6: have added yoga mats I know, and virtual reality headsets

1785
01:35:22,920 --> 01:35:25,280
Speaker 6: have both been added to the list this year. It

1786
01:35:25,400 --> 01:35:27,960
Speaker 6: is quite extraordinary to see who comes up with these things.

1787
01:35:28,439 --> 01:35:32,920
Speaker 6: But yeah, the spending on virtual reality headsets has written

1788
01:35:33,120 --> 01:35:36,160
Speaker 6: massively and now stands at well over a billion New

1789
01:35:36,240 --> 01:35:40,360
Speaker 6: Zealand dollars as we look into twenty twenty six. Is

1790
01:35:40,400 --> 01:35:44,160
Speaker 6: the expectation and exercise mats not only used for yoga,

1791
01:35:44,439 --> 01:35:47,479
Speaker 6: but other times of home workouts home gyms as well,

1792
01:35:47,600 --> 01:35:51,519
Speaker 6: so men's sliders or pool sandals have been added. Pulled

1793
01:35:51,760 --> 01:35:56,599
Speaker 6: pork has already substituted an other and ready Gammon joint

1794
01:35:57,000 --> 01:36:00,200
Speaker 6: Mango is added to the selection of fruits. Cushions are

1795
01:36:00,240 --> 01:36:03,960
Speaker 6: in to bolster the soft lounge furnishing side of things

1796
01:36:04,160 --> 01:36:06,600
Speaker 6: and what I love. Though we didn't see any returnees

1797
01:36:07,120 --> 01:36:10,559
Speaker 6: so Vinyl records were out of the list about thirty

1798
01:36:10,680 --> 01:36:13,840
Speaker 6: years ago. Last year they came back in after the

1799
01:36:13,920 --> 01:36:17,000
Speaker 6: sudden boom of young people in particular wanting to listen

1800
01:36:17,080 --> 01:36:18,320
Speaker 6: to new music on vinyl.

1801
01:36:18,720 --> 01:36:21,960
Speaker 2: Goodness made fascinating stuff. Gavin, thank you very much for that.

1802
01:36:22,080 --> 01:36:26,280
Speaker 2: Gavin Gray Are UK europe correspondent, Yoga, mets, men's sliders

1803
01:36:26,360 --> 01:36:29,920
Speaker 2: and Paul Pork of all things. It is nineteen minutes

1804
01:36:29,920 --> 01:36:31,400
Speaker 2: away from seven News Talk ZIBB.

1805
01:36:32,640 --> 01:36:35,840
Speaker 1: It's the hitherto per Se Alan Drive Full Show podcast

1806
01:36:36,000 --> 01:36:39,040
Speaker 1: on iHeartRadio powered by News Talk ZIBB.

1807
01:36:39,760 --> 01:36:42,439
Speaker 2: News Talks HB six away from seven lots of feedback,

1808
01:36:42,920 --> 01:36:45,360
Speaker 2: Ryan loving the show. I own my own building business

1809
01:36:45,439 --> 01:36:48,040
Speaker 2: and one of my young builders qualified a couple of

1810
01:36:48,280 --> 01:36:52,760
Speaker 2: years ago. He owns a house. His partner who was

1811
01:36:52,840 --> 01:36:57,120
Speaker 2: training to be an electrical engineer, an electrical and electrician.

1812
01:36:57,160 --> 01:37:01,200
Speaker 2: I'm assuming you mean also owns her own. There are

1813
01:37:01,240 --> 01:37:04,360
Speaker 2: a lot of great, driven, successful people in the building

1814
01:37:04,400 --> 01:37:07,439
Speaker 2: industry and we do great creative projects and you don't

1815
01:37:07,479 --> 01:37:09,360
Speaker 2: have to wear a suit to work. This is on

1816
01:37:09,439 --> 01:37:12,519
Speaker 2: the apprenticeship. You know, why don't we sell apprenticeships like

1817
01:37:12,600 --> 01:37:15,880
Speaker 2: we sell university to our young people. Ryan, next time

1818
01:37:15,920 --> 01:37:18,200
Speaker 2: you're in Cutti, Cutti, I'll show you how to change

1819
01:37:18,200 --> 01:37:23,080
Speaker 2: a tire, Bring a jack, says Nigel. Nigel thinks, but no, thanks.

1820
01:37:24,800 --> 01:37:25,040
Speaker 13: Ryan.

1821
01:37:25,360 --> 01:37:28,040
Speaker 2: To think that some of those with political studies degrees

1822
01:37:28,080 --> 01:37:31,120
Speaker 2: are now career politicians, give me a tradesman in parliament

1823
01:37:31,200 --> 01:37:33,559
Speaker 2: any day, now, there's an idea. I mean, at least

1824
01:37:33,600 --> 01:37:38,280
Speaker 2: they'd be practical. There's a thing about engineers. Engineers are

1825
01:37:38,400 --> 01:37:42,679
Speaker 2: quite black and white, practical thinkers. They think quite laterally.

1826
01:37:43,120 --> 01:37:46,519
Speaker 2: And Wayne Brown is an engineer by trade, isn't he,

1827
01:37:46,680 --> 01:37:48,320
Speaker 2: And so you can see it in the way that

1828
01:37:48,439 --> 01:37:53,559
Speaker 2: he deals with politics. When the floods came, remember he said, well,

1829
01:37:53,720 --> 01:37:54,760
Speaker 2: I didn't make it rain.

1830
01:37:56,640 --> 01:37:57,360
Speaker 7: You know, all of the.

1831
01:37:57,479 --> 01:38:00,479
Speaker 2: Media went just lost, absolutely lost it.

1832
01:38:00,680 --> 01:38:01,360
Speaker 9: What do you mean?

1833
01:38:01,520 --> 01:38:03,600
Speaker 2: And he's like, well, I didn't you know he's just

1834
01:38:03,760 --> 01:38:07,600
Speaker 2: thinking acterally. It's just a different a different brain and

1835
01:38:07,960 --> 01:38:11,560
Speaker 2: a practical brain, and one that we God knows we

1836
01:38:11,640 --> 01:38:15,559
Speaker 2: could do more of in society. I think five minutes

1837
01:38:15,760 --> 01:38:16,800
Speaker 2: as I dribble.

1838
01:38:16,560 --> 01:38:19,640
Speaker 7: On, well, it probably help as well if the ministerial

1839
01:38:19,680 --> 01:38:21,639
Speaker 7: car gets a flat as well, if the minister could

1840
01:38:21,880 --> 01:38:23,439
Speaker 7: help out and hit out and change the time. It's

1841
01:38:23,479 --> 01:38:25,040
Speaker 7: really a lot easier than you'd think, right. I think

1842
01:38:25,080 --> 01:38:26,080
Speaker 7: you'd be fine, mate.

1843
01:38:25,960 --> 01:38:29,679
Speaker 2: Do you It looks so complicated as that there's different

1844
01:38:30,320 --> 01:38:32,280
Speaker 2: How many different bits of equipment do you need?

1845
01:38:32,520 --> 01:38:34,040
Speaker 7: It's all in the back of the boot, mate, Just

1846
01:38:34,120 --> 01:38:36,600
Speaker 7: open up the boot and underneath where the underneath the

1847
01:38:36,600 --> 01:38:38,559
Speaker 7: bottom there's the spears in there and all the stuff

1848
01:38:38,560 --> 01:38:39,679
Speaker 7: you need to change it. You'll be fine.

1849
01:38:39,760 --> 01:38:42,240
Speaker 2: Okay, all right, I'll leave it to someone else. I'll

1850
01:38:42,280 --> 01:38:45,760
Speaker 2: call AA. That's what I do. What are we going

1851
01:38:45,800 --> 01:38:46,040
Speaker 2: out to?

1852
01:38:46,680 --> 01:38:49,480
Speaker 7: I want it that way by the Backstreet Boys. Unfortunately,

1853
01:38:49,560 --> 01:38:52,840
Speaker 7: AJ McLain has said in an interview that his twelve

1854
01:38:52,920 --> 01:38:55,559
Speaker 7: year old daughter Elliott, has started to really really hate

1855
01:38:55,600 --> 01:38:58,680
Speaker 7: this song because every time she goes to school, as

1856
01:38:58,720 --> 01:39:00,320
Speaker 7: soon as she walks in the gate, so all the

1857
01:39:00,400 --> 01:39:03,800
Speaker 7: boys start going tell me why, and it's just put

1858
01:39:03,840 --> 01:39:06,320
Speaker 7: her off the life. Unfortunately, he thinks that she still

1859
01:39:06,360 --> 01:39:08,599
Speaker 7: secretly likes the song. But I mean, do you really

1860
01:39:08,680 --> 01:39:09,800
Speaker 7: like the same music as your parents?

1861
01:39:09,840 --> 01:39:10,120
Speaker 2: I don't know.

1862
01:39:10,200 --> 01:39:11,200
Speaker 7: It's one of those things, isn't it.

1863
01:39:11,520 --> 01:39:14,040
Speaker 2: No, especially on if they sang the song. I don't imagine.

1864
01:39:15,760 --> 01:39:18,080
Speaker 2: All Right, that's it for me for today. Thanks for

1865
01:39:18,240 --> 01:39:20,640
Speaker 2: your text and your emails and your feedback.

1866
01:39:20,880 --> 01:40:01,919
Speaker 8: See you tomorrow, Way Canada.

1867
01:40:09,240 --> 01:40:12,400
Speaker 1: For more from Hither Duplessy, Allen Drive, listen live to

1868
01:40:12,520 --> 01:40:15,519
Speaker 1: news talks it'd be from four pm weekdays, or follow

1869
01:40:15,600 --> 01:40:17,320
Speaker 1: the podcast on iHeartRadio.