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Speaker 1: The Breakfast show. You can trust the Mic Hosking Breakfast

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Speaker 1: with Bailey's real Estate, your local experts across residential, commercial

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Speaker 1: and rural news talks head been well.

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Speaker 2: You welcome today new job data, We've got new population data.

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Speaker 2: We got the DMS opening the show in Chicago. We've

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Speaker 2: got the interest rates starting to tumble. Now the perments.

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Speaker 2: They had a written torrid day on the Maraah, but

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Speaker 2: then you got a poll that showed things are actually

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Speaker 2: game pretty well. Catherine Field and France Ron Little in

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Speaker 2: the UK for it, asking welcome for this Tuesday morning,

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Speaker 2: seven past six. Now, like a lot of what is

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Speaker 2: told to us these days, detail is hard to find.

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Speaker 2: So the Health Minister's out yesterday reassuring I suppose all

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Speaker 2: of us that the so called code black in fungar

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Speaker 2: Ray on Friday didn't mean the ED closed or indeed

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Speaker 2: turned patients away. Firstly, code black, I mean that's alarmist,

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Speaker 2: isn't it. What does it actually mean? It's a term

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Speaker 2: used obviously by medical staff to give them a sense

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Speaker 2: of where their facilities at, but for the rest of

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Speaker 2: it's merely a headline. Code black sounds dramatic. Here is

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Speaker 2: what I wanted to know, but didn't get any answers

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Speaker 2: to give them. The popular of the area is not great.

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Speaker 2: It struck me as amazing that by lunchtime Friday they

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Speaker 2: had had eighty arrivals in ED. Eighty They had twenty

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Speaker 2: one in an hour, at about one every three minutes,

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Speaker 2: I mean Los Angeles London? Yes, sure, fung array? Is

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Speaker 2: that possible? Who are these people and what's wrong with them?

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Speaker 2: Surely the answers to that are critical to knowing more

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Speaker 2: about Code Black? Are they even in the right place?

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Speaker 2: How many should be at doctors not an d How

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Speaker 2: many people already were in ED and shouldn't be because

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Speaker 2: the systems clogged and they hadn't been shuffled off to

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Speaker 2: a ward elsewhere? Are thereby allowing new patients to enter

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Speaker 2: the system. If in that one hour all twenty one

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Speaker 2: were genuine emergencies in the right place looking for the

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Speaker 2: right help, what does it tell you about the region.

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Speaker 2: Why do we have so many critically sick people in

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Speaker 2: a single hour from such a small population. How many

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Speaker 2: of those injuries or illnesses are self inflicted? Are how

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Speaker 2: many are accidents? What sort of accidents avoidable? Radiotic? How

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Speaker 2: many of the patients will repeat, and why just calling

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Speaker 2: code black and saying you're fallen, saying you're one hundred

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Speaker 2: and fifty percent, it doesn't actually mean anything without context.

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Speaker 2: Without context, or you have as alarmism, the sense that

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Speaker 2: things are wrong or broken. With there enough stuff? Is

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Speaker 2: the hospital too small for the area? Is there somewhere

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Speaker 2: I mean in this somewhere has got to be the

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Speaker 2: answers right, And with the answers lie some sort of clarity,

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Speaker 2: clarity that you don't get when all you're looking to

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Speaker 2: do is provide noise. In a headline WO News of

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Speaker 2: the World in ninety seconds asked off the coast of Bally,

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Speaker 2: if you are just joining a Six are still missing,

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Speaker 2: including a well known tech entrepreneur guy called Mike Lynch.

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Speaker 2: The local mayor has got no details on the survivors.

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Speaker 2: Survivors are not talking much. They're very confused because it

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Speaker 2: happened at nights.

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Speaker 3: It was dark and they found themselves in the water.

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Speaker 4: Some of them were lucky enough to see themselves and

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Speaker 4: were taken directly to the emergency room.

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Speaker 2: This bloke is a local.

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Speaker 4: Around five to four o'clock a water spout came lasted

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Speaker 4: about thirteen minutes and took everything away. Here in the

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Speaker 4: harbor at around four point thirty five. Who went out

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Speaker 4: to see to give aid, but we only saw the

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Speaker 4: remains of the boats float.

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Speaker 2: We did not find any men on the sea. Then

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Speaker 2: to the war, where the Ukrainians have got a third bridge.

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Speaker 2: Russian seem incapable of responding to all of this, and

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Speaker 2: the mood is up for those doing the fighting.

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Speaker 3: If they receive orders, we'll go.

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Speaker 5: We'll go wherever we are directed and carry out our duties.

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Speaker 2: In Chicago, the dams are getting ready to fizz on

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Speaker 2: day one of their convention. A lot seems to be

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Speaker 2: going their way, including the fact Carmel has arrived late

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Speaker 2: in the race.

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Speaker 6: We are but eighty something days away from election.

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Speaker 3: Day, so the amount of time that we have to

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Speaker 3: sustain the momentum is very short.

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Speaker 2: And in Britain, sticking all those people in jail because

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Speaker 2: of the rioting has led to some well pretty full jails,

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Speaker 2: so they're taking some others and leaving them out.

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Speaker 3: It is an absolute crisis.

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Speaker 6: Is the worst I've ever experienced in the job for

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Speaker 6: just over twenty five twenty six years. So this is

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Speaker 6: a sensible solution for now. But it is just another

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Speaker 6: sticking plaster, which of.

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Speaker 2: Course has political consequences that require a bit of spin.

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Speaker 7: We've managed that against very difficult circumstances, I can tell you,

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Speaker 7: And for my part, I think the response of the

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Speaker 7: criminal justice to the recent disorders has been a major

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Speaker 7: reason that the disorders have subsided.

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Speaker 2: Finally, we have a decade long study from the American

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Speaker 2: Psychological Association that surveyed over fourteen thousand German residents and

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Speaker 2: the average age that those who took part declared you

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Speaker 2: are old. What age do you think people generally agree

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Speaker 2: year old? Seventy four point seven. It increases a little

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Speaker 2: bit when you ask the same people what age is

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Speaker 2: old when they actually get to seventy four point seven,

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Speaker 2: the answer suddenly becomes seventy six point eight. But that's

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Speaker 2: human nature. I suppose the news of the world speaking

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Speaker 2: of age Philled Honor Hughes passed away overnight at the

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Speaker 2: age of eighty eight, one of the most famous American

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Speaker 2: talk show hosts of all time. Long illness. He was

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Speaker 2: at home surrounded by his family created, of course, the

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Speaker 2: piled Donahue Show, King of the Daytime talked Trailblazer introduced audiences, participation,

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Speaker 2: all that sort of stuff. Six thousand editions of his

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Speaker 2: program between nineteen sixty seven and nineteen ninety six. Born

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Speaker 2: in Cleveland nineteen thirty five, began his media career in

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Speaker 2: the late fifties and talk radio, which is not a

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Speaker 2: bad place to be. Twelve pass six.

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Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio powered

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Speaker 1: by News.

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Speaker 2: Talk SIB got a little bit of growth in Thailand

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Speaker 2: two point three annualized April through June. For the quarter itself,

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Speaker 2: it was zero point eight percent, So they're doing reasonably

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Speaker 2: well in the tire. King officially endorsed a new prime

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Speaker 2: minister yesterday, the name of Shinawatra. Does it ring a bell? Yes,

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Speaker 2: Orday our youngest ever prime minister at the age of

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Speaker 2: thirty seven. She is the daughter of Taxon and Thailand's

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Speaker 2: second woman prime minister. So a new prime minister in

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Speaker 2: a bit of economic growth, not a bad way to

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Speaker 2: start the week. Fifteen Right out from JMI Wealth Love

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Speaker 2: who we found directly on the Tour de France. It

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Speaker 2: is Andrew Lance Armstrong Kellahow. Good to see, bonjour, bonjour.

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Speaker 2: Did you have a good time, wonderful time?

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Speaker 3: It was hot, it was brutal. There were lots of hills.

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Speaker 8: Triple at Center Mount Von two was one thing I

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Speaker 8: will never do again.

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Speaker 2: The old Triple a cent. What sort of what do

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Speaker 2: you reckon? You push out on a bike? Would you

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Speaker 2: know that off the top of your head?

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Speaker 9: I know it?

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Speaker 8: Intimately make it all depends on how long do you

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Speaker 8: want to push those watts for.

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Speaker 2: I reckon for a good ten to fifteen second burst.

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Speaker 2: What do you reckon? You can get to Oh.

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Speaker 8: We're talking one hundreds, Mike, you know probably you know,

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Speaker 8: close to ten to fifteen seconds. Oh, you've got to

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Speaker 8: be six seven, eight hundred easy.

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Speaker 2: That's impressive.

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Speaker 8: But it's different when you're going for two hours. It's different,

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Speaker 8: you know, it's all about.

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Speaker 2: Also, it's different when you're downhill.

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Speaker 3: That is very true. And you don't need to peddle

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Speaker 3: at all. And I can tell you when you're at

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Speaker 3: the top.

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Speaker 8: Of about Duez, there's a lot of downhill in front

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Speaker 8: of you.

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Speaker 3: Those are the bits I love the best.

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Speaker 8: Actually, yeah, I excel in those given my weights, Mike,

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Speaker 8: I excel with those downhills.

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Speaker 2: And I'm glad you had a good time.

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Speaker 5: Now.

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Speaker 2: The PSI at forty four point six, you've returned to well,

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Speaker 2: you know what do we say?

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Speaker 8: Well, Mike, look after banging on for a few months

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Speaker 8: now about the sort of parlos nature of the local

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Speaker 8: economic data, I go away for a couple of weeks

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Speaker 8: and the realization of how weak we are economically is.

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Speaker 3: Fed right through the rbn Z.

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Speaker 8: We've got a low official cash rate and just looking

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Speaker 8: at that high frequency data it's been released since.

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Speaker 3: That call, I think it has vindicated the RBNZ move.

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Speaker 8: And we've got the dual release of the performance of

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Speaker 8: manufacturing and performance of services manufacturing Friday, we've got the

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Speaker 8: services yesterday. Just looking at the services by itself, the

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Speaker 8: July read, look, it was an improvement on June, but.

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Speaker 3: The level is still awful.

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Speaker 8: It's just not as awful as the previous read and

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Speaker 8: that was a very low barred hurdle historically speaking on

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Speaker 8: a relative plasis, these numbers are dreadful. And Mike, what

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Speaker 8: was interesting as part of that OCR decision. You've got

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Speaker 8: the monetary policy statement. Now, the PMI and the PSI

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Speaker 8: were specifically referred to in the Monetary policy statements, though

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Speaker 8: these are the high frequency numbers that the RBNZ does

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Speaker 8: pay attention to. For the record, the PSI for July

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Speaker 8: forty four point six at game three point nine from June.

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Speaker 8: It is the high results since May. But I just

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Speaker 8: want to give you some historical context here. The average

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Speaker 8: of the PSI so far in twenty twenty four is

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Speaker 8: forty six and a half. The long term average for

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Speaker 8: the whole life of this data series is fifty three

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Speaker 8: point two, So it's very weak.

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Speaker 3: At the sub index level.

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Speaker 8: Activity sales thirty nine point one, which is horrible. New

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Speaker 8: orders has moved up to forty five, it's still in

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Speaker 8: contractionary territory. Look the bens At chief economist Mike He

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Speaker 8: noted that the bounce this month, welcome as it was,

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Speaker 8: doesn't even get that performance of services, and its back

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Speaker 8: to the lowest level that it got to during the GFC.

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Speaker 3: So there's your context.

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Speaker 8: Now the concont index put the two together forty four

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Speaker 8: point three.

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Speaker 3: That's just a very weak read for GDP.

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Speaker 8: Look but as I said, Mike, data since the OCI

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Speaker 8: cut has really supported that bank's move.

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Speaker 3: But in other words, what it's really doing is just

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Speaker 3: depicting the economy.

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Speaker 8: Is like it's the economy basically, Mike is doing a

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Speaker 8: drunken shuffle backwards. However, however, there is still some hope

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Speaker 8: now that by twenty twenty five wheels sobered up and

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Speaker 8: be moving forwards.

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Speaker 2: Which I hope, so, I hope.

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Speaker 9: So.

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Speaker 2: Given the Chinese story, give us a quick one on

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Speaker 2: a two because they seem to be doing really well.

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Speaker 3: Yeah, look, a two never far from the headlines.

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Speaker 8: We're in local reporting season at the moment, so in

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Speaker 8: the context of a week domestic economy, but a two

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Speaker 8: milks are much more sort of exposed to the Chinese economy.

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Speaker 3: The release of itself so yesterday.

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Speaker 8: Had the biggest market reaction in terms of companies releasing

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Speaker 8: numbers yesterday. The company's actually been doing very well to

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Speaker 8: grab market share for its products in China. So this

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Speaker 8: is infant milk formula. It's a tough market. Sales of

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Speaker 8: infant milk formula in China. The whole market is down

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Speaker 8: about eleven percent. That's a massive for a country that big.

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Speaker 8: This because they've got the declining birth rate. Share price

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Speaker 8: reaction yesterday was really a reflection of the weaker outlook

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Speaker 8: given by the management. The share price fell almost nineteen percent,

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Speaker 8: so it got smacked. The thing was the market was

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Speaker 8: getting quite bolish on their innings outlook, those hopes have

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Speaker 8: been dashed a little bit because of this weak outlooks,

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Speaker 8: so dampening expectations for that sort of accelerating growth a

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Speaker 8: company saying supply chain constraints and the continued decline.

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Speaker 3: In the overall Chinese market.

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Speaker 8: I do want to point out, though, you know, you

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Speaker 8: look at that dramatic move nineteen percent down, but the

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Speaker 8: share price was up seventy two percent so far this year,

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Speaker 8: so it points to how much optimism was built into

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Speaker 8: the share price. But they're actually they're doing well over there,

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Speaker 8: but the outlook's still a little.

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Speaker 3: Cloudy right out.

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Speaker 2: Numbers, please, I can.

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Speaker 3: Give you the numbers.

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Speaker 8: The dal Jones is up one hundred and forty eight

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Speaker 8: points overnight, eight hundred eight, the S and P five

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Speaker 8: hundred up thirty four. That's probabe, about two thirds percent

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Speaker 8: five five eight eight. Then a'stak seventeen thousand, seven hundred

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Speaker 8: and seventy one up one hundred and thirty nine points,

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Speaker 8: so or positive territory over night. The forty one hundred

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Speaker 8: games just over half percent eight three five seven.

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Speaker 3: The Nick got smacked yesterday, down.

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Speaker 8: Six hundred and seventy four points of very volatile that

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Speaker 8: market at the moment thirty seven thousand, three hundred and

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Speaker 8: eighty eight. Shangpai compt it up fourteen to eight ninety three.

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Speaker 8: The Aussie's gave nine yesterday the ASEX two hundred thousand,

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Speaker 8: seven nine eight oh, and we lost sixty five points

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Speaker 8: in the ends next fifty two thousand, six hundred and

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Speaker 8: sixty two KEEPI dollar point six one o five against

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Speaker 8: the US point nine oh seventy five Ozzie point five

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Speaker 8: five one two Euro point four to seven against the

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Speaker 8: pound eighty nine point four eight Japanese VN gold two thousand,

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Speaker 8: five hundred and three is the gold price Sprint crewd.

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Speaker 3: Seventy seven dollars and seventy one cents tomorrow.

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Speaker 2: Andrew callaher Jmiwealth dot co dot n Z tasking one

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Speaker 2: to watch. A Canadian company that runs a thing called

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Speaker 2: circle k have had a crack at seven eleven overnight.

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Speaker 2: They're looking at sixty billion dollars if they get it

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Speaker 2: in the US and Canada alone. You're dealing with twenty

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Speaker 2: thousand sites, so it's a major and the regulators will

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Speaker 2: be involved with sixty billion dollars. Is a lot of

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Speaker 2: Day six twenty one, you refused talk zb.

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Speaker 10: E Money MAKEERSMAK.

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Speaker 1: The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered

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Speaker 1: by News Talks B.

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Speaker 2: Couple of things you might be interested in. GMS announced

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Speaker 2: over night, as in general motives, laying off a thousand

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Speaker 2: of their staff. So that plays into the whole American

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Speaker 2: are we going into recession or not? And that plays

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Speaker 2: into the Karamela Harris. If things go pear shaped economically,

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Speaker 2: she's toast. If they go well, she might not be.

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Speaker 2: Goldman Sachs overnight have cut their chances of a US

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Speaker 2: recession down to twenty percent from twenty five if you

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Speaker 2: believe what they say. Singapore, interestingly enough new Prime minister.

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Speaker 2: Of course, he arrived the day after Christoph Luckxen left,

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Speaker 2: remember that a couple of months ago. Anyway, notable policy change.

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Speaker 2: They're now offering an unemployment support scheme which they haven't

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Speaker 2: ever done before, helps the lower middle income workers. Basically,

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Speaker 2: in Singapore, if you lose your job, you're on your own.

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Speaker 2: But what they're going to do for six months you

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Speaker 2: can get four and a half thousand dollars. It's the

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Speaker 2: skills future job seeker support scheme. You got to go

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Speaker 2: for training, you got to go for career coaching as

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Speaker 2: well as job matching services. These are essential investments that

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Speaker 2: you need to make in yourself to find better jobs.

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Speaker 2: Where if we heard that before six twenty.

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Speaker 1: Five trending now warehouse, you're one start for Father's Day Fragrances.

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Speaker 2: Michael Keaton's back. I love Michael Keaton reprising the role

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Speaker 2: of as Beetlejuice that's out next month. He's also got

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Speaker 2: another thing called good Rich, so his character is having

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Speaker 2: to raise two nine year old twins along with his

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Speaker 2: adult daughter after his younger wife leaves him. Mom had

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Speaker 2: to go back.

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Speaker 11: Home for a little while to see you grandma.

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Speaker 2: You know she's getting older.

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Speaker 3: So I'm not the same interest here.

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Speaker 12: No, she's not.

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Speaker 11: She's not a good deal older than I am.

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Speaker 10: But anyway, why do you see your dad?

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Speaker 13: Isn't he all of our cats?

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Speaker 14: Well, I'm twenty seven years older than you, which is

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Speaker 14: basically unheard of for siblings except me being ls.

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Speaker 10: We know where to want to be bothered than year older?

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Speaker 11: That there are really only three things that matter, how

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Speaker 11: much you've loved, how gently you've lived, and how gracefully

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Speaker 11: he let go of the things that really won't even

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Speaker 11: meant for you.

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Speaker 10: I want you to channel a word that describes what

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Speaker 10: you need. We're all going to shout our words.

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Speaker 3: At the same time.

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Speaker 12: I was going to counter three.

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Speaker 2: Keaton and me Lacunas are the stars of that one

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Speaker 2: that's in theaters on the eighteenth of October. Mike, a

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Speaker 2: little bit of this this morning already we'll talk to

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Speaker 2: the Prime Minister in our's time, people like took who

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Speaker 2: Morgan do nothing to advance New Zealand's growth in the modern,

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Speaker 2: thebolding world, and what to take us back to a

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Speaker 2: time of intertribal warfare and no high end underwear. It's

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Speaker 2: a very good point you make, because as I watched

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Speaker 2: him break the Prime Minister yesterday, I thought, you know,

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Speaker 2: it's one thing to have a little bit of conversation,

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Speaker 2: a little bit of back and forth, but I mean

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Speaker 2: just standing in the rain yelling at people. I mean,

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Speaker 2: what's what's the point of that? Where does that conversation

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Speaker 2: go apart from nowhere? And the irony of ironies? Took

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Speaker 2: Who Morgan? New Zealand First, the same party that's in

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Speaker 2: government to day promoting the very policies he apparently nowadays

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Speaker 2: seems to oppose. Sobeently, how do you explain any of

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Speaker 2: that nonsense view, have a look at the job market

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Speaker 2: for you. In just a couple of moments after the news.

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Speaker 1: What News Bold opinions the my Hosking Breakfast with a

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Speaker 1: Vita Retirement Communities Life Your Way news tog said bes.

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Speaker 2: Well, in my thoughts on the code black, the hospital

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Speaker 2: beds have reached full capacity, eds in high demand?

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Speaker 13: Why?

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Speaker 2: Probably because the GP's medical centers don't have appointments available,

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Speaker 2: or it's too expensive for a medical center visit and

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Speaker 2: free visit. Yep, no, that's entirely possible. But the point

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Speaker 2: I was trying to make is we don't know that

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Speaker 2: for sure, and until we do and say that is

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Speaker 2: the case, and that's not the emergency department's fault, is it?

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Speaker 2: In other words, the inference on code blacks, we're not

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Speaker 2: able to cope. Is the emergency department too small? Are

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Speaker 2: there not enough staff, is the hospital past it's used

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Speaker 2: by date? Or are people not in the right place?

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Speaker 2: And all of that's context that we didn't get twenty

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Speaker 2: three minutes away from seven, so they still to have

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Speaker 2: a Government of Plants say, to be fair, they had

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Speaker 2: the Olympics on and they probably had more exciting things

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Speaker 2: to do with their time. But they are back to

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Speaker 2: reality now, so they're trying to work on that cast

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Speaker 2: and field with that in a couple of moments. Meantime,

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Speaker 2: our job market, what can we see while we have surprises?

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Speaker 2: July ads are up three and that means they're up

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Speaker 2: for the first time since January. Listing's up three percent,

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Speaker 2: nearly one and four of those jobs. By the way,

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Speaker 2: we're in retail, closely followed by government and defense. Seek

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Speaker 2: Country manager Rob Clark is with us. Rob, very good

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Speaker 2: morning to you.

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Speaker 15: Good morning.

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Speaker 2: At first, blush, this all seems a bit weird. Is

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Speaker 2: the three percent of blip for a month or does

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Speaker 2: a summer of jobs come calling?

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Speaker 15: I wouldn't quite call it a trend yet. What we

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Speaker 15: do see is the trends are still firmly downwards. But

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Speaker 15: in July, yes, we saw a monitoring increase off the

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Speaker 15: back of what it was particularly weak results in June

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Speaker 15: and May.

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Speaker 2: Okay, so twenty percent plus of the jobs in retail.

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Speaker 2: How do we explain this when no one's going shopping?

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Speaker 15: Yeah, so we think a lot of that is for

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Speaker 15: gearing up for the summer season, so it's an anticipation

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Speaker 15: of perhaps increased activity, just as we've seen in hospitality

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Speaker 15: and tourism, which is also peaked al spiked in the

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Speaker 15: July results.

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Speaker 2: Can you see light at the end of the tunnel?

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Speaker 2: This is an increasingly oft used phrase of late light

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Speaker 2: at the end of the tunnel. RB's moved. Interest rates

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Speaker 2: are moving? Is there something in the job market to

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Speaker 2: see here?

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Speaker 15: Well, look, we're always hoping for optimism, and you know,

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Speaker 15: whilst this isn't a trend, it's encouraging at the very least,

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Speaker 15: and we've seen some other sort of macroeconomic indicators that

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Speaker 15: are perhaps slightly brighter than we've seen in the past.

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Speaker 15: But you know, we don't want to be too hopeful

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Speaker 15: because we just need to look at the long term

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Speaker 15: trend to see that it has been down traveled down

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Speaker 15: quite significantly over the last little while. So we're hopeful,

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Speaker 15: but we're not out of the woods yet.

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Speaker 2: How variable is the regional story.

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Speaker 15: We do get variation in the regions. It was pleasing

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Speaker 15: to see that, you know, most of the regions were

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Speaker 15: up in July, and particularly in areas like construction, but

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Speaker 15: we do see some bounce. So if you remember last month,

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Speaker 15: South and was up and this month it's down, so

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Speaker 15: we do see a bit more bounce in the regions,

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Speaker 15: but the urban center's reasonably strong, low single digit growth

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Speaker 15: in July.

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Speaker 2: Okay, what about the magic adds per job or applications

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Speaker 2: per read.

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Speaker 15: Still very very competitive you are a job seeker. There

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Speaker 15: are still sixteen thousand jobs on seak, so there's still

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Speaker 15: a decent number of jobs, but just the number of

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Speaker 15: people applying per job is at all time high, so

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Speaker 15: it's pretty competitive.

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Speaker 2: Good only Rob. Nice to catch up Rob Clark, who

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Speaker 2: is the seekh country manager with us this morning, twenty

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Speaker 2: minutes away from seven. Interesting business and we'll talk to

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Speaker 2: Paul spleenly about it in an hour's time. A fewer births,

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Speaker 2: fewer deaths, and so that affects the population overall is

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Speaker 2: about five point three million of us one point five

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Speaker 2: three births per woman. That's down, and so there will

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Speaker 2: be a point where we're sort of losing. We're bringing

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Speaker 2: more people into the country, but this is my ongoing concern.

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Speaker 2: I'll be interested in what Paul's got to say. Yes,

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Speaker 2: we're bringing more people into the country and therefore we're

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Speaker 2: growing as a population. So that's good, but the natural

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Speaker 2: increase isn't great. It's only twenty thousand on a year,

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Speaker 2: so that's the natural increase versus the whole immigration and

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Speaker 2: people leaving the country. But what I'm interested in is

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Speaker 2: his view on all the people coming into the country,

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Speaker 2: who they are, where they're from, and what that does

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Speaker 2: to the cultural balance as so many young people scarper,

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Speaker 2: especially for places like Australia. Nineteen to two.

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Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio powered

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00:19:07,080 --> 00:19:07,680
Speaker 1: by News.

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Speaker 3: Talks it be now.

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Speaker 2: If you fancy winning a brand new home whilst helping

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00:19:11,320 --> 00:19:13,800
Speaker 2: to save lives, then we got the Heart Foundation Lottery.

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00:19:13,880 --> 00:19:16,040
Speaker 2: That's the way to go, seven times a year, fully

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00:19:16,119 --> 00:19:18,679
Speaker 2: furnished Jenny and home up for grabs. This time it's

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Speaker 2: in the corimental town of Cooks Beach, beautiful part of

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Speaker 2: the country. Cooks Beach valued at one and a quarter million,

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00:19:23,600 --> 00:19:25,480
Speaker 2: got to be one. Got to be one, So there's

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00:19:25,520 --> 00:19:28,639
Speaker 2: no jackpotting. Someone will win this three bedroom property and

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00:19:28,680 --> 00:19:30,560
Speaker 2: if that's you, then you'll need to consider what to do.

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Speaker 2: I mean, what could you do? Well? Park yourself there

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00:19:33,640 --> 00:19:35,240
Speaker 2: for summer? I would have thought. But you could rent

440
00:19:35,240 --> 00:19:37,600
Speaker 2: it out for extra income. If you want, you can

441
00:19:37,680 --> 00:19:40,760
Speaker 2: move to Cooks Beach be on permanent holiday. Simply sell

442
00:19:40,800 --> 00:19:43,320
Speaker 2: it up bank. The cash tickets are just fifteen dollars.

443
00:19:43,359 --> 00:19:45,800
Speaker 2: Each proceeds to help fun vital heart research. Of course,

444
00:19:46,040 --> 00:19:50,040
Speaker 2: heart disease is still the single biggest killer of our

445
00:19:50,119 --> 00:19:51,879
Speaker 2: loved ones in this country. So by a supporting the

446
00:19:51,920 --> 00:19:54,760
Speaker 2: Heart Foundation, you're helping to keep Kiwi families together longer.

447
00:19:54,800 --> 00:19:57,800
Speaker 2: So here's where you go, Heartlottery dot org dot in z.

448
00:19:58,560 --> 00:20:02,359
Speaker 2: You got that Heart Lottery dot org dot n z

449
00:20:02,960 --> 00:20:05,200
Speaker 2: for your fifteen dollar tickets to help fund the Heart

450
00:20:05,440 --> 00:20:09,640
Speaker 2: Foundation's work. Pasking Homcom make thirty come on in. I'm

451
00:20:09,720 --> 00:20:13,080
Speaker 2: assuming it's going to be similar to their draft recommendation.

452
00:20:13,160 --> 00:20:15,800
Speaker 2: But the report on banking comes out this morning. What

453
00:20:16,000 --> 00:20:18,639
Speaker 2: they say is only part of the equation. I know yesterday,

454
00:20:18,640 --> 00:20:21,680
Speaker 2: by the way, Westpac and Australia managed to produce a

455
00:20:21,920 --> 00:20:24,000
Speaker 2: profit at one point eight billion, which in fact was

456
00:20:24,160 --> 00:20:29,040
Speaker 2: up up six percent. Their margin of profitability actually rose

457
00:20:29,160 --> 00:20:32,160
Speaker 2: three basis points to one point nine to two percent.

458
00:20:32,640 --> 00:20:35,040
Speaker 2: So a lot of questions, but the ComCom report is

459
00:20:35,160 --> 00:20:37,480
Speaker 2: just part of the equation. The really important part is

460
00:20:37,520 --> 00:20:40,200
Speaker 2: once the government gets it, what are they going to

461
00:20:40,320 --> 00:20:42,440
Speaker 2: do about it? More with Crystal ba Lucks and surely

462
00:20:42,480 --> 00:20:43,280
Speaker 2: six forty.

463
00:20:43,040 --> 00:20:47,320
Speaker 13: Five international correspondence with enz and Eye Insurance, Peace of

464
00:20:47,400 --> 00:20:49,920
Speaker 13: mind for New Zealand business Yepprimfield.

465
00:20:49,359 --> 00:20:52,200
Speaker 2: And France, very good morning to you. Good morning mate,

466
00:20:52,320 --> 00:20:55,399
Speaker 2: three bridges down and Zelenski's having the week of his life.

467
00:20:56,000 --> 00:20:58,439
Speaker 2: So that would bring in the supply equation. Where are

468
00:20:58,480 --> 00:20:59,040
Speaker 2: we at with that?

469
00:21:00,240 --> 00:21:03,520
Speaker 12: Well, he came up with a really nasty little response

470
00:21:03,640 --> 00:21:07,600
Speaker 12: to supply. What he caused a slow supply from the

471
00:21:07,720 --> 00:21:11,119
Speaker 12: West when he came out and said that war doesn't

472
00:21:11,160 --> 00:21:13,800
Speaker 12: take a holiday. Now what that means, of course, Mike

473
00:21:13,960 --> 00:21:16,080
Speaker 12: is we all know most of Western Europe is on

474
00:21:16,160 --> 00:21:19,600
Speaker 12: holidays still very much so we'll we for the next

475
00:21:19,680 --> 00:21:22,600
Speaker 12: couple of weeks. Now what he's come out He said

476
00:21:22,640 --> 00:21:26,080
Speaker 12: that because he says that he desperately needs longer range

477
00:21:26,119 --> 00:21:29,399
Speaker 12: weapons to try and sure up this incursion that the

478
00:21:29,520 --> 00:21:32,960
Speaker 12: Ukrainians have done into the coast region. What was interesting

479
00:21:33,040 --> 00:21:35,680
Speaker 12: one about this, Mike, was it really it seems that

480
00:21:35,760 --> 00:21:39,440
Speaker 12: there was very little coordination with Western partners on this

481
00:21:40,520 --> 00:21:45,280
Speaker 12: Partly Hannilas here is saying because clearly, the Ukrainians knew

482
00:21:45,359 --> 00:21:48,920
Speaker 12: they had to act swiftly, quickly, and that they'd learned

483
00:21:48,960 --> 00:21:52,800
Speaker 12: from last year's very much heralded counter offensive, which of

484
00:21:52,880 --> 00:21:57,080
Speaker 12: course was unsuccessful. So Zelensky is saying to them, you've

485
00:21:57,119 --> 00:21:59,280
Speaker 12: got to help me now. It looks as though we're

486
00:21:59,320 --> 00:22:01,679
Speaker 12: going to have on the back foot, and it may

487
00:22:01,760 --> 00:22:05,920
Speaker 12: be a way of taking the pressure off the attacks

488
00:22:05,960 --> 00:22:08,639
Speaker 12: that the Russians have been carrying out inside Ukraine, that

489
00:22:08,880 --> 00:22:13,159
Speaker 12: Dombas region, Zaparita. He really is sort of hoping that

490
00:22:13,520 --> 00:22:14,360
Speaker 12: this will ease.

491
00:22:14,240 --> 00:22:14,639
Speaker 3: Off a bit.

492
00:22:15,359 --> 00:22:18,520
Speaker 12: Perhaps Putin will move some of the troops back out

493
00:22:18,640 --> 00:22:21,480
Speaker 12: of Ukraine and into that area. And of course let's

494
00:22:21,520 --> 00:22:24,560
Speaker 12: not forget that also key thing that Zelenski wants he

495
00:22:24,720 --> 00:22:27,639
Speaker 12: needs to keep his population on side. So by looking

496
00:22:27,720 --> 00:22:29,879
Speaker 12: as though he's calling the West to come in and

497
00:22:30,040 --> 00:22:33,119
Speaker 12: help more, and by having this so called buffer zone

498
00:22:33,320 --> 00:22:36,680
Speaker 12: in place in the east, he may be hoping that

499
00:22:36,800 --> 00:22:38,520
Speaker 12: he can keep his population on side.

500
00:22:38,600 --> 00:22:40,719
Speaker 2: Here's there been a tangible shift in the conversation. I mean,

501
00:22:40,960 --> 00:22:43,080
Speaker 2: we've been here a couple of times before, and that

502
00:22:43,480 --> 00:22:46,240
Speaker 2: has the war turned. What's the vibe.

503
00:22:47,320 --> 00:22:49,520
Speaker 12: The vibe at the moment is I'm afraid to tell

504
00:22:49,600 --> 00:22:52,960
Speaker 12: you this make still too early to say. Ukraine is

505
00:22:53,000 --> 00:22:55,520
Speaker 12: still struggling to fend off the assaults in the east,

506
00:22:56,320 --> 00:22:59,680
Speaker 12: still the need for weapons livery, but it does seem

507
00:23:00,680 --> 00:23:04,639
Speaker 12: too early to say. But that dreadful scene, those dreadful

508
00:23:04,720 --> 00:23:06,880
Speaker 12: scenes that we had remember earlier in the year, Mike,

509
00:23:06,920 --> 00:23:09,160
Speaker 12: where it just looked as though it was something out

510
00:23:09,200 --> 00:23:12,200
Speaker 12: of the First World War, the trenches, the men dying

511
00:23:12,280 --> 00:23:14,720
Speaker 12: in the trenches, that does seem to have been eased.

512
00:23:14,880 --> 00:23:18,640
Speaker 12: But of course that could all change once winter returns,

513
00:23:18,680 --> 00:23:21,720
Speaker 12: When autumn comes, it could so easily still turn.

514
00:23:22,000 --> 00:23:25,520
Speaker 2: Okay, So I'm assuming now that the Olympics arrival that

515
00:23:25,800 --> 00:23:28,359
Speaker 2: mister Macron has turned to attention to the fact that

516
00:23:28,480 --> 00:23:31,480
Speaker 2: no one's running the place. How far apart is everybody.

517
00:23:33,160 --> 00:23:35,560
Speaker 12: If you'd asked me this about forty eight hours ago, Mike,

518
00:23:35,720 --> 00:23:37,639
Speaker 12: I had have said, yeah, you know, the left is

519
00:23:37,680 --> 00:23:41,399
Speaker 12: fairly united, the center seems to be fairly united. But

520
00:23:42,280 --> 00:23:46,760
Speaker 12: just as Emmanuel Macron sort of laid out the possibility

521
00:23:46,840 --> 00:23:49,639
Speaker 12: of talks for what he said he hoped would be

522
00:23:49,680 --> 00:23:55,879
Speaker 12: a broad and stable majority government the far left, one

523
00:23:55,920 --> 00:23:58,240
Speaker 12: of the bigger parties in the far left came out

524
00:23:58,400 --> 00:24:02,040
Speaker 12: and decided that it was perhaps time to heat the

525
00:24:02,560 --> 00:24:04,880
Speaker 12: heated it all up a bit, and they have come

526
00:24:04,960 --> 00:24:08,800
Speaker 12: out and said that if Emanual Macron fails to recognize

527
00:24:08,920 --> 00:24:12,119
Speaker 12: their candidate to become Prime Minister, they're going to launch

528
00:24:12,240 --> 00:24:15,639
Speaker 12: impeachment proceedings against him, saying that he has failed to

529
00:24:15,720 --> 00:24:19,200
Speaker 12: recognize the results of the elections. What this has done, Mike,

530
00:24:19,280 --> 00:24:22,720
Speaker 12: has made that far left party look like absolute ridicals,

531
00:24:22,720 --> 00:24:25,840
Speaker 12: because there's no way this could get through parliament. She

532
00:24:25,920 --> 00:24:28,800
Speaker 12: needed two thirds majority in both houses of Parliament for

533
00:24:28,880 --> 00:24:32,080
Speaker 12: us to go. And of course all the other smaller

534
00:24:32,760 --> 00:24:35,600
Speaker 12: center left and even further left parties, you know, the

535
00:24:35,680 --> 00:24:41,920
Speaker 12: Communists just completely disassociated themselves with this. Fonser Insamese, the

536
00:24:42,080 --> 00:24:45,080
Speaker 12: party that had won so many seats in Parliament, and

537
00:24:45,880 --> 00:24:48,639
Speaker 12: now it sort of all turns round and everyone's starting

538
00:24:48,720 --> 00:24:52,320
Speaker 12: to look again back at the center ground in parliament

539
00:24:52,359 --> 00:24:56,560
Speaker 12: to Emanuel Macron's party, and they leftover or the remains

540
00:24:56,640 --> 00:25:00,359
Speaker 12: of the center right Republican party that's been around and

541
00:25:00,480 --> 00:25:02,960
Speaker 12: saying well, maybe you can come up with something better.

542
00:25:03,200 --> 00:25:04,240
Speaker 2: Tell you what I'm going to do. I'm going to

543
00:25:04,280 --> 00:25:06,360
Speaker 2: ring you next Tuesday. See how you're going go, Well,

544
00:25:07,160 --> 00:25:10,120
Speaker 2: look forward to it. Gaspine Field, who was in France

545
00:25:10,160 --> 00:25:11,840
Speaker 2: every Tuesday morning at ten to seven.

546
00:25:12,520 --> 00:25:17,200
Speaker 1: On my costal breakfast with Alveda Retirement Communities News togs.

547
00:25:16,960 --> 00:25:20,719
Speaker 2: Had been legited the DNC Shindig in Chicago shortly never before.

548
00:25:21,359 --> 00:25:24,080
Speaker 2: As the US entered an economic downturn, with the combined federal,

549
00:25:24,160 --> 00:25:26,560
Speaker 2: state and local budget deficit anywhere near the eight percent

550
00:25:26,600 --> 00:25:29,840
Speaker 2: of GDP. It's a global accident waiting to happen. Very

551
00:25:29,840 --> 00:25:32,159
Speaker 2: good piece in the Telegraph, Ambrose Evans precharge. You'll know

552
00:25:32,280 --> 00:25:35,200
Speaker 2: the name public accounts should be near balance at the

553
00:25:35,240 --> 00:25:38,720
Speaker 2: stage of the cycle years into a long economic expansion

554
00:25:38,760 --> 00:25:41,600
Speaker 2: of the US tips into a serious recession. From such

555
00:25:41,640 --> 00:25:45,320
Speaker 2: a depraved starting point, the figure could explode into the

556
00:25:45,400 --> 00:25:49,400
Speaker 2: mid teens. Reagan left office, and he was often criticized

557
00:25:49,400 --> 00:25:52,680
Speaker 2: as being a debt man. Reagan left office with a

558
00:25:52,720 --> 00:25:55,920
Speaker 2: gross federal debt of under fifty percent of GDP. Today

559
00:25:55,920 --> 00:25:58,320
Speaker 2: it's at one hundred and twenty two. There is much

560
00:25:58,480 --> 00:26:02,000
Speaker 2: ruin in a great nation, but America is pushing its luck,

561
00:26:02,400 --> 00:26:06,080
Speaker 2: and that is part of an ongoing commentary that most

562
00:26:06,240 --> 00:26:09,560
Speaker 2: people seem to agree on in this race. CNN, for example,

563
00:26:09,680 --> 00:26:12,639
Speaker 2: yesterday changed their pathway to two seventy. They're giving it

564
00:26:12,720 --> 00:26:15,240
Speaker 2: now to Harris. It's tight, but they're giving it to Harris.

565
00:26:16,119 --> 00:26:19,080
Speaker 2: So there's momentum for her, there's money being raised for it,

566
00:26:19,200 --> 00:26:21,879
Speaker 2: there's noise for her, there's plenty of media coverage for her.

567
00:26:21,960 --> 00:26:26,720
Speaker 2: But everybody seems to agree that if the economy turns bad,

568
00:26:27,880 --> 00:26:30,920
Speaker 2: she's toast, and if it doesn't, she's home free. So

569
00:26:31,000 --> 00:26:34,240
Speaker 2: in other words, it's largely beyond her control because what's

570
00:26:34,280 --> 00:26:36,560
Speaker 2: going to happen is what's going to happen. A little

571
00:26:36,560 --> 00:26:38,800
Speaker 2: bit of history in play today because Biden's turning up

572
00:26:38,840 --> 00:26:40,760
Speaker 2: and it's been a long time since anybody's seen a

573
00:26:40,800 --> 00:26:43,800
Speaker 2: president sitting hand over to somebody else at the convention,

574
00:26:44,200 --> 00:26:46,520
Speaker 2: So that's going to play out today. Jill's there be

575
00:26:46,600 --> 00:26:48,679
Speaker 2: interesting to see how she handles it, because no one

576
00:26:48,760 --> 00:26:51,600
Speaker 2: I suspect is angrier and more bitter than Jill. If

577
00:26:51,680 --> 00:26:54,920
Speaker 2: you saw the way she acted posts the debate debarcle.

578
00:26:55,320 --> 00:26:59,200
Speaker 2: Hillary's there today, That in itself will be interesting because

579
00:27:00,280 --> 00:27:04,160
Speaker 2: how close was she a back in sixteen? Jamie Raskin's

580
00:27:04,160 --> 00:27:09,760
Speaker 2: there today. Tomorrow, Barack and Michelle tag team double ticket

581
00:27:10,080 --> 00:27:13,040
Speaker 2: could well be more popular than anybody. M Hoff speaks

582
00:27:13,160 --> 00:27:17,760
Speaker 2: the first husband. Then you get to Thursday, Bill turns up. Nancy.

583
00:27:17,800 --> 00:27:19,600
Speaker 2: I'm not sure that's a thrill. It's probably a thrill

584
00:27:19,680 --> 00:27:20,879
Speaker 2: for them, but I don't know. It's a wide a

585
00:27:20,960 --> 00:27:23,400
Speaker 2: thrill for the world. Waltz speaks. And then of course

586
00:27:23,480 --> 00:27:25,919
Speaker 2: on Friday, our time, she does the business. So we'll

587
00:27:25,960 --> 00:27:29,560
Speaker 2: get you to Chicago shortly five minutes away from seven O.

588
00:27:29,760 --> 00:27:33,399
Speaker 1: The ins and the outs. It's the fizz with business

589
00:27:33,480 --> 00:27:36,480
Speaker 1: fiber take your business productivity to the next level.

590
00:27:36,560 --> 00:27:39,359
Speaker 2: Speaking of which us jobs before mentioned. So we got

591
00:27:39,400 --> 00:27:41,600
Speaker 2: some new data out this morning from Carter. They provide

592
00:27:41,640 --> 00:27:44,880
Speaker 2: services to private companies. They found that startups falling apart

593
00:27:44,920 --> 00:27:47,440
Speaker 2: at a rate of knots. They're failing sixty percent more

594
00:27:48,000 --> 00:27:50,159
Speaker 2: compared with this time last year. Rate of bankruptcy is

595
00:27:50,200 --> 00:27:52,600
Speaker 2: also up seven times compared with when they first got

596
00:27:52,680 --> 00:27:55,439
Speaker 2: tracked back in twenty nineteen. Big companies as well, at

597
00:27:55,440 --> 00:27:57,080
Speaker 2: all companies that were supposed to be big but didn't

598
00:27:57,080 --> 00:27:59,359
Speaker 2: turn out to be that big. Just last week, Kelly

599
00:27:59,480 --> 00:28:02,119
Speaker 2: closed down after being valued at one point four billion,

600
00:28:02,760 --> 00:28:05,280
Speaker 2: raising over three hundred million and twenty two to alone

601
00:28:05,320 --> 00:28:08,160
Speaker 2: twenty twenty two alone. The interest rate rises of twenty

602
00:28:08,240 --> 00:28:10,680
Speaker 2: twenty two. They were the major problem the tech boom.

603
00:28:11,080 --> 00:28:13,919
Speaker 2: When a large chunk of money was raised, that's all

604
00:28:14,000 --> 00:28:16,119
Speaker 2: slowed down. What money is being raised at the moment's

605
00:28:16,119 --> 00:28:18,080
Speaker 2: all off to AI. Of course, people can't get into

606
00:28:18,119 --> 00:28:21,719
Speaker 2: an AI enough. And that's why your driver's cars go nowhere.

607
00:28:21,840 --> 00:28:25,399
Speaker 2: It's why your drone deliveries go nowhere. It's all theory.

608
00:28:26,000 --> 00:28:28,440
Speaker 2: It's why solar. Look at Solar, got something on Solar

609
00:28:28,520 --> 00:28:30,400
Speaker 2: tomorrow on the program. If you look at the money

610
00:28:30,560 --> 00:28:33,560
Speaker 2: that's being raised internationally and here even in New Zealand,

611
00:28:33,600 --> 00:28:37,040
Speaker 2: in the solar market, there's hundreds of millions of dollars

612
00:28:37,680 --> 00:28:41,360
Speaker 2: of people piling into solar. And if you read anything

613
00:28:41,400 --> 00:28:43,440
Speaker 2: about sola, what you find is there's too much sold

614
00:28:43,520 --> 00:28:45,360
Speaker 2: in the world. The Chinese are making solar panels like

615
00:28:45,480 --> 00:28:48,200
Speaker 2: there's no tomorrow. The European companies make solar. They're closing

616
00:28:48,240 --> 00:28:50,960
Speaker 2: down left, right, and see even the Chinese are closing

617
00:28:51,000 --> 00:28:52,920
Speaker 2: down because there are so many solar panels. And yet

618
00:28:52,960 --> 00:28:54,280
Speaker 2: you go into the solar mark and go, hey, can

619
00:28:54,320 --> 00:28:57,760
Speaker 2: I have some money? They're falling over themselves. Venture funds

620
00:28:58,600 --> 00:29:01,280
Speaker 2: haven't been successful. Only noe percent of funds raised in

621
00:29:01,320 --> 00:29:03,480
Speaker 2: twenty twenty one of return any sort of capital to

622
00:29:03,520 --> 00:29:07,160
Speaker 2: their investors nine percent. Compare that to twenty seventeen when

623
00:29:07,160 --> 00:29:10,360
Speaker 2: it was twenty five percent. So according to Carter, we're

624
00:29:10,400 --> 00:29:12,760
Speaker 2: going to be seeing the potential of hundreds of thousands

625
00:29:12,800 --> 00:29:15,920
Speaker 2: of jobs in venture backed companies lost. And that is

626
00:29:16,000 --> 00:29:18,640
Speaker 2: why we return to the Karmala Harris story. It's the

627
00:29:18,760 --> 00:29:22,440
Speaker 2: Biden story. It's the Biden economy, and the narrative is

628
00:29:22,480 --> 00:29:25,760
Speaker 2: this that he's done well. Trump says no, they haven't.

629
00:29:25,960 --> 00:29:30,320
Speaker 2: It's a wrecking ball. And whatever way the Americans decide

630
00:29:30,720 --> 00:29:33,680
Speaker 2: is who wins the presidency? Anyway to Chicago shortly for you,

631
00:29:34,120 --> 00:29:37,440
Speaker 2: Paul Spoonley, I mentioned our our population, the numbers, the

632
00:29:37,480 --> 00:29:40,120
Speaker 2: stats came out yesterday. That's for interesting reading. And Christopher

633
00:29:40,160 --> 00:29:42,400
Speaker 2: Luxon for you after seven thirty this morning.

634
00:29:43,960 --> 00:29:48,280
Speaker 1: Demanding the answers from the decision makers. The Mike Hosking

635
00:29:48,360 --> 00:29:52,600
Speaker 1: breakfast with the range Rover villa designed to intrigue can

636
00:29:52,720 --> 00:29:53,480
Speaker 1: use togs vs.

637
00:29:53,800 --> 00:29:56,040
Speaker 2: Seven past seven. So it's the Democrats wait in Chicago,

638
00:29:56,120 --> 00:29:58,040
Speaker 2: of course, as they officially gather for the convention that

639
00:29:58,080 --> 00:30:01,160
Speaker 2: will confirm Karmala Harris as their candidate for the US presidency.

640
00:30:01,240 --> 00:30:04,440
Speaker 2: Former Treasurer for the DNC, Bill Drera's with us a

641
00:30:04,480 --> 00:30:05,160
Speaker 2: Bill morning to.

642
00:30:05,200 --> 00:30:08,920
Speaker 14: You, Good morning morning, New Zealand.

643
00:30:09,200 --> 00:30:11,200
Speaker 2: Do they go into the party, go in with real

644
00:30:11,280 --> 00:30:12,080
Speaker 2: momentum this week?

645
00:30:14,240 --> 00:30:14,480
Speaker 1: It is?

646
00:30:15,560 --> 00:30:18,080
Speaker 14: It is a feeling like I don't think he felt

647
00:30:18,160 --> 00:30:21,160
Speaker 14: since two thousand and eight with Barack Obama, maybe even

648
00:30:21,200 --> 00:30:25,840
Speaker 14: greater than that. I think it's uh, it's tremendous energy,

649
00:30:25,920 --> 00:30:33,120
Speaker 14: tremendous optimism. And you know, the contrast, I think in

650
00:30:33,240 --> 00:30:37,880
Speaker 14: terms of tone to the other candidates campaign is kidnappeding

651
00:30:37,920 --> 00:30:38,680
Speaker 14: more black and white.

652
00:30:39,000 --> 00:30:41,400
Speaker 2: If I rang you six or seven weeks ago and said,

653
00:30:41,480 --> 00:30:43,719
Speaker 2: tell you what's going to happen here, Bill Biden's going

654
00:30:43,800 --> 00:30:45,680
Speaker 2: to walk and Harris is going to come in and

655
00:30:45,800 --> 00:30:47,840
Speaker 2: she's going to be really popular, you would have said what.

656
00:30:52,040 --> 00:30:57,880
Speaker 14: I I don't know what I would have said. I now,

657
00:30:57,960 --> 00:31:01,000
Speaker 14: six weeks ago will be before the debate, so I

658
00:31:01,040 --> 00:31:02,720
Speaker 14: think I probably would have said, you're out of your mind.

659
00:31:05,160 --> 00:31:07,240
Speaker 14: And you know, I don't know how many of the

660
00:31:07,280 --> 00:31:10,840
Speaker 14: folks in in New Zealand saw the debate between President

661
00:31:10,920 --> 00:31:15,320
Speaker 14: Biden and former President Trump, but it was it was

662
00:31:15,360 --> 00:31:19,280
Speaker 14: such a stark moment that I think everybody, even the

663
00:31:19,360 --> 00:31:21,960
Speaker 14: people who love and support Joe Biden, as we do

664
00:31:23,040 --> 00:31:27,280
Speaker 14: known in a number of years an amazing, amazing person.

665
00:31:28,440 --> 00:31:34,480
Speaker 14: But you know, that moment was was really a rubicon

666
00:31:34,680 --> 00:31:40,040
Speaker 14: kind of moment. I think so, and I would have

667
00:31:40,040 --> 00:31:41,480
Speaker 14: said said no, I would have said.

668
00:31:41,360 --> 00:31:43,960
Speaker 2: No chance, right, And what was seeing today the Biden

669
00:31:44,040 --> 00:31:46,080
Speaker 2: handing over, I mean that in itself is a piece

670
00:31:46,120 --> 00:31:48,600
Speaker 2: of history. Is it awkward for the party that the

671
00:31:48,920 --> 00:31:50,920
Speaker 2: person who should be running isn't or is it a

672
00:31:51,000 --> 00:31:52,320
Speaker 2: piece of history to be in briced.

673
00:31:55,600 --> 00:31:58,080
Speaker 14: I think it's a little bit of both. You know,

674
00:31:58,400 --> 00:32:01,640
Speaker 14: I'm not I'm not at the convention. I had chosen

675
00:32:01,760 --> 00:32:04,840
Speaker 14: not to go, and now I'm a little bit kicking myself.

676
00:32:07,400 --> 00:32:11,880
Speaker 14: I think for all of us, there's a little maybe

677
00:32:11,880 --> 00:32:15,640
Speaker 14: a little bit of a tremendous amount of sadness and

678
00:32:15,920 --> 00:32:19,760
Speaker 14: maybe a little bit of guilt. He's such a wonderful man,

679
00:32:19,840 --> 00:32:22,240
Speaker 14: Joe Biden, who's done so much for this but just

680
00:32:22,680 --> 00:32:26,239
Speaker 14: given so much of himself that even though we all

681
00:32:26,320 --> 00:32:29,040
Speaker 14: know it was the right answer, I think it still hurts, right,

682
00:32:29,120 --> 00:32:32,440
Speaker 14: we hurt for him. So on the one hand, on

683
00:32:32,560 --> 00:32:37,760
Speaker 14: the other hand, we can't we just can't lose. We

684
00:32:37,880 --> 00:32:40,080
Speaker 14: can't have a dynamic where we both lose the White

685
00:32:40,120 --> 00:32:43,560
Speaker 14: House and the House and the Senate, and so I

686
00:32:43,720 --> 00:32:46,840
Speaker 14: think it could not have come together in a better way.

687
00:32:48,080 --> 00:32:52,200
Speaker 14: Supporting the Vice president and now her selection of Governor

688
00:32:52,240 --> 00:32:54,400
Speaker 14: Wallas as her vice presidential nominee.

689
00:32:54,560 --> 00:32:56,200
Speaker 2: It's going to be fantastic to watch the day. Let's

690
00:32:56,200 --> 00:32:58,520
Speaker 2: see what happens this week. Build Dera, who is the

691
00:32:58,600 --> 00:33:02,040
Speaker 2: former treasurer for the Democrats National Committee. Are the convention

692
00:33:02,160 --> 00:33:04,280
Speaker 2: taking place in Chicago. Most of it will happen in

693
00:33:04,320 --> 00:33:07,680
Speaker 2: the afternoon New Zealand time ten minutes past seven. They

694
00:33:07,800 --> 00:33:10,520
Speaker 2: hear the banking market getting increasingly competitive. Course posts of

695
00:33:10,520 --> 00:33:12,360
Speaker 2: the Reserve Bank move last week on the cash rate.

696
00:33:12,480 --> 00:33:14,840
Speaker 2: Retail rates are now falling. A and Z cut some

697
00:33:14,920 --> 00:33:16,760
Speaker 2: of their fixed rates yesterday for a second time in

698
00:33:16,840 --> 00:33:19,080
Speaker 2: a week. Cooperative in the game as well. They're one

699
00:33:19,160 --> 00:33:20,880
Speaker 2: year rate, which is at six three nine is now

700
00:33:21,000 --> 00:33:23,479
Speaker 2: market lead. At the chief executive, Mark Wiltshire is well,

701
00:33:23,520 --> 00:33:24,680
Speaker 2: it's Mark, very good morning to you.

702
00:33:25,440 --> 00:33:26,120
Speaker 16: Good morning Mike.

703
00:33:26,240 --> 00:33:28,720
Speaker 2: How competitive is it for a bank at the moment.

704
00:33:29,640 --> 00:33:31,600
Speaker 17: Yeah, it's good to see good use of home and

705
00:33:31,680 --> 00:33:34,160
Speaker 17: it's out the round of rate cuts from the banks

706
00:33:34,200 --> 00:33:36,640
Speaker 17: and as you say that leading rate the one year,

707
00:33:36,680 --> 00:33:39,560
Speaker 17: so they've come down quite quickly. Forty point reductions they

708
00:33:39,600 --> 00:33:42,040
Speaker 17: start to add up for customers, So you can certainly

709
00:33:42,080 --> 00:33:43,120
Speaker 17: see that competition out there.

710
00:33:43,120 --> 00:33:43,239
Speaker 15: Now.

711
00:33:43,680 --> 00:33:46,520
Speaker 2: Is it hard to generate appetite for debt when I

712
00:33:46,680 --> 00:33:48,680
Speaker 2: know full well in a month's time they're coming down

713
00:33:48,760 --> 00:33:49,240
Speaker 2: even further.

714
00:33:50,880 --> 00:33:53,360
Speaker 17: Yeah, I think people will look carefully, you know, how

715
00:33:53,400 --> 00:33:56,320
Speaker 17: long they want to fix it for probably the six

716
00:33:56,440 --> 00:33:59,640
Speaker 17: months one years where we're seeing most customers go. People

717
00:33:59,640 --> 00:34:03,160
Speaker 17: always need, of course to buy and sell in a market,

718
00:34:03,320 --> 00:34:06,320
Speaker 17: so that'll take when they pulled the triggerut. But people

719
00:34:06,320 --> 00:34:07,880
Speaker 17: can always sit for a little bit on our floating

720
00:34:07,960 --> 00:34:10,160
Speaker 17: rate while they are looking at those rates making decision.

721
00:34:10,560 --> 00:34:14,000
Speaker 2: What's your feel for what the Reserve Bank did, what's

722
00:34:14,040 --> 00:34:16,640
Speaker 2: happening in the retail market at the moment as regards

723
00:34:16,680 --> 00:34:18,560
Speaker 2: the economy and moving this country forward.

724
00:34:19,600 --> 00:34:21,520
Speaker 17: Yeah, and I heard one of your earlier commentators, Look,

725
00:34:21,640 --> 00:34:25,760
Speaker 17: I think it was a good move to reduce now. Personally,

726
00:34:25,800 --> 00:34:27,680
Speaker 17: I was a little bit surprised to see it happened then,

727
00:34:27,719 --> 00:34:30,719
Speaker 17: but it was the right call. So yeah, I think

728
00:34:30,760 --> 00:34:33,680
Speaker 17: the economy was starting to hurt, and certainly that some

729
00:34:33,760 --> 00:34:36,160
Speaker 17: of the feedback we've had from our customers around the country.

730
00:34:36,719 --> 00:34:38,759
Speaker 17: So I think it'll be a relief to go from

731
00:34:38,840 --> 00:34:41,279
Speaker 17: having to have increases and your regular payments to now

732
00:34:41,320 --> 00:34:44,640
Speaker 17: actually having rate decreases coming through into your pocket. So

733
00:34:45,080 --> 00:34:48,160
Speaker 17: I think the timing was really important, and the signals

734
00:34:48,239 --> 00:34:50,560
Speaker 17: were that there was quite a lot of confidence in

735
00:34:50,600 --> 00:34:53,640
Speaker 17: the economy, so it's certainly timely to get those rate

736
00:34:53,680 --> 00:34:54,279
Speaker 17: reductions out.

737
00:34:54,440 --> 00:34:56,640
Speaker 2: Good stuff. Make appreciate it very much. Mike Willshaw, who's

738
00:34:56,640 --> 00:34:58,840
Speaker 2: the Cooperative Bank CEO, with us this morning twelve and

739
00:34:58,840 --> 00:35:02,920
Speaker 2: it's past seven score on Mate Bradley at Infometrics Olsen

740
00:35:03,040 --> 00:35:05,319
Speaker 2: has done some numbers and I thought about this this morning.

741
00:35:05,400 --> 00:35:07,200
Speaker 2: Not that I come across the Auckland Harbor Bridge, but

742
00:35:07,280 --> 00:35:10,399
Speaker 2: I am constantly tossed off the motorway by the eight million,

743
00:35:10,440 --> 00:35:12,759
Speaker 2: two hundred and fifty seven three hundred and thirty six

744
00:35:12,920 --> 00:35:16,040
Speaker 2: cones that they still insist on putting out to close

745
00:35:16,160 --> 00:35:20,840
Speaker 2: various lanes. Anyway, the consultants, in case you didn't know,

746
00:35:21,840 --> 00:35:25,080
Speaker 2: are still charging apparently the government seventy five thousand dollars

747
00:35:25,120 --> 00:35:28,240
Speaker 2: a week to look at alternatives to the Auckland Harbor Bridge.

748
00:35:28,400 --> 00:35:30,440
Speaker 2: This is important for the whole country because this is

749
00:35:30,520 --> 00:35:33,279
Speaker 2: the heart of the economic engine. New Zealand. So seventy

750
00:35:33,320 --> 00:35:35,480
Speaker 2: five thousand dollars a week to work out options means

751
00:35:35,600 --> 00:35:37,360
Speaker 2: only two of them, isn't there there's another bridge or

752
00:35:37,360 --> 00:35:40,000
Speaker 2: a tunnel take you peck one or the other. So anyway,

753
00:35:40,080 --> 00:35:43,680
Speaker 2: the Harbor Bridge has been closed temporarily twenty times since

754
00:35:43,719 --> 00:35:46,800
Speaker 2: twenty twenty because it got a bit bruzy, and Brad's

755
00:35:46,800 --> 00:35:49,200
Speaker 2: worked out the closures total four hundred and thirty five minutes.

756
00:35:49,239 --> 00:35:52,080
Speaker 2: That's two point one million dollars in productivity lost unless

757
00:35:52,960 --> 00:35:56,160
Speaker 2: you factor in commuters, which is all of us changing

758
00:35:56,239 --> 00:35:58,520
Speaker 2: our route, which we have to of course, and when

759
00:35:58,600 --> 00:36:00,839
Speaker 2: you do that, he did a divos and from don't

760
00:36:00,880 --> 00:36:02,480
Speaker 2: worry about the places. If you're outside of walking, you

761
00:36:02,520 --> 00:36:03,920
Speaker 2: don't know what I'm talking about. It's just a big

762
00:36:03,960 --> 00:36:06,560
Speaker 2: diversion from Waira Road to k Road by a state

763
00:36:06,640 --> 00:36:09,200
Speaker 2: Highway sixteen that adds twenty one minutes to your journey.

764
00:36:09,680 --> 00:36:11,560
Speaker 2: One hundred and seventy thousand cars a day. Do it,

765
00:36:12,200 --> 00:36:16,040
Speaker 2: and suddenly the cost becomes thirty five million dollars just

766
00:36:16,239 --> 00:36:19,759
Speaker 2: because it's a bit breezy and somebody decided we'll just

767
00:36:19,880 --> 00:36:23,439
Speaker 2: inconvenience everybody. And that's the level of idiocy that still,

768
00:36:23,640 --> 00:36:27,640
Speaker 2: unfortunately sadly drives the economic story in this country. So

769
00:36:27,719 --> 00:36:30,000
Speaker 2: well done Brad for doing the work. Thirteen past seven.

770
00:36:31,200 --> 00:36:35,560
Speaker 1: The Hike Asking Breakfast Full Show podcast on iHeartRadio powered

771
00:36:35,640 --> 00:36:36,640
Speaker 1: by News Talks.

772
00:36:36,360 --> 00:36:38,400
Speaker 2: At B Christopher Luxon in the next half hour of

773
00:36:38,440 --> 00:36:40,799
Speaker 2: the program, tell me Nielsen back on the show after

774
00:36:40,880 --> 00:36:42,120
Speaker 2: right by the way, looking forward to the catch up.

775
00:36:42,160 --> 00:36:45,320
Speaker 2: Sixteen past seven. Interesting new numbers meantime around our population.

776
00:36:45,800 --> 00:36:47,880
Speaker 2: There are five point three four million of us in

777
00:36:47,960 --> 00:36:49,560
Speaker 2: the year two July. That's a bump of a bit

778
00:36:49,640 --> 00:36:53,080
Speaker 2: over ninety three twenty thousand newborn seventy three thousand migrants.

779
00:36:53,360 --> 00:36:56,680
Speaker 2: Massive University sociologist Paul Spoonley back with us. Paul, very

780
00:36:56,680 --> 00:36:57,279
Speaker 2: good morning to you.

781
00:36:58,360 --> 00:36:58,839
Speaker 18: Good morning.

782
00:36:58,920 --> 00:37:02,360
Speaker 2: Make I noticed the mortality rate has bumped. Is that

783
00:37:02,520 --> 00:37:05,600
Speaker 2: some sort of administrative era. Is anything weird happened there

784
00:37:05,680 --> 00:37:05,800
Speaker 2: or not?

785
00:37:07,080 --> 00:37:08,520
Speaker 18: No, I don't think.

786
00:37:08,600 --> 00:37:08,640
Speaker 12: So.

787
00:37:08,840 --> 00:37:12,280
Speaker 18: You'll notice that what they do is they produce figures

788
00:37:12,360 --> 00:37:15,919
Speaker 18: and you've just quoted them, and then they correct them later.

789
00:37:16,120 --> 00:37:21,160
Speaker 18: So I think it's probably just a rechecking of the statistics.

790
00:37:21,480 --> 00:37:24,919
Speaker 2: Okay, fewer births is that part of a Western world

791
00:37:24,960 --> 00:37:27,239
Speaker 2: we're not having as many children as we used to think,

792
00:37:28,520 --> 00:37:29,080
Speaker 2: Yes it is.

793
00:37:29,880 --> 00:37:33,280
Speaker 18: And so our births are dropping by about five hundred

794
00:37:33,320 --> 00:37:35,960
Speaker 18: to one thousand to a year. So there's each year

795
00:37:36,040 --> 00:37:40,320
Speaker 18: on year we've dropped by between that five hundred and thousand.

796
00:37:40,920 --> 00:37:43,640
Speaker 18: We're down at one point five to three bursts per woman.

797
00:37:44,760 --> 00:37:46,600
Speaker 18: We've got a long way to go to catch up

798
00:37:46,719 --> 00:37:52,000
Speaker 18: with Italy or Portugale or Germany, where it's down about

799
00:37:52,080 --> 00:37:55,000
Speaker 18: one point two burst per woman. But we're getting there,

800
00:37:55,080 --> 00:37:58,000
Speaker 18: and we've seen some of the biggest drops in fertility

801
00:37:58,600 --> 00:38:01,160
Speaker 18: in recent years that we see ever seen in this country.

802
00:38:01,560 --> 00:38:04,800
Speaker 2: What is the big picture scenario for that? Do we

803
00:38:04,920 --> 00:38:07,840
Speaker 2: want to grow our population or not? If we do,

804
00:38:08,120 --> 00:38:10,080
Speaker 2: given what you've just told us, do we then have

805
00:38:10,239 --> 00:38:12,000
Speaker 2: to do it basically through immigration.

806
00:38:14,000 --> 00:38:16,879
Speaker 18: Yes, to answer the second part of your question, Mike,

807
00:38:17,480 --> 00:38:20,600
Speaker 18: the only thing that will grow our population in any

808
00:38:20,719 --> 00:38:24,400
Speaker 18: number will be immigration. So the latest figures show a

809
00:38:24,640 --> 00:38:29,640
Speaker 18: drop to about ninety three thousand. Remember if you'd talk

810
00:38:29,719 --> 00:38:31,680
Speaker 18: to me a few months ago, we would have been

811
00:38:31,760 --> 00:38:36,399
Speaker 18: talking about one hundred and thirty thousand additional people as

812
00:38:36,440 --> 00:38:39,560
Speaker 18: a result of net migration in New Zealand. So migration

813
00:38:39,840 --> 00:38:44,480
Speaker 18: is our population growth factor. The question for me and

814
00:38:44,560 --> 00:38:48,280
Speaker 18: I think for many people, is what is the appropriate

815
00:38:48,880 --> 00:38:53,480
Speaker 18: level of annual population growth, particularly when we talk about Auckland,

816
00:38:53,560 --> 00:38:57,280
Speaker 18: where we know that the population growth exceeds the ability

817
00:38:58,160 --> 00:39:01,360
Speaker 18: of the city to provide for that population growth, so

818
00:39:01,480 --> 00:39:05,400
Speaker 18: all our infrastruction services simply do not catch up with

819
00:39:05,480 --> 00:39:06,600
Speaker 18: that population growth.

820
00:39:07,280 --> 00:39:07,480
Speaker 12: Is that?

821
00:39:07,840 --> 00:39:11,000
Speaker 2: And it's fascinated me for years that this whole thing

822
00:39:11,040 --> 00:39:13,680
Speaker 2: that you stay where you land, and everyone lands or

823
00:39:13,719 --> 00:39:17,320
Speaker 2: most people land in Auckland. Are we disproportionate as a

824
00:39:17,400 --> 00:39:20,520
Speaker 2: country with such a large chunk of our population in

825
00:39:20,600 --> 00:39:22,520
Speaker 2: one city or do a lot of countries have that

826
00:39:22,640 --> 00:39:23,200
Speaker 2: issue as well?

827
00:39:24,400 --> 00:39:24,440
Speaker 12: No?

828
00:39:24,760 --> 00:39:28,680
Speaker 18: No, The only other country that has a similar proportion

829
00:39:28,880 --> 00:39:32,120
Speaker 18: of its population in one city is Ireland and Dublin.

830
00:39:32,800 --> 00:39:35,160
Speaker 18: And so when you think about it, we're heading towards

831
00:39:35,800 --> 00:39:39,200
Speaker 18: what we estimate to be the case in about a

832
00:39:39,320 --> 00:39:42,040
Speaker 18: decade or more, is that forty percent of all New

833
00:39:42,120 --> 00:39:44,960
Speaker 18: Zealanders will live in Auckland and three quarters of the

834
00:39:45,000 --> 00:39:48,160
Speaker 18: population will live in the top half of the North Island.

835
00:39:48,800 --> 00:39:51,600
Speaker 18: So is that something that we want to see? And

836
00:39:51,760 --> 00:39:54,560
Speaker 18: in most countries that's not the case. So if you

837
00:39:54,680 --> 00:39:57,960
Speaker 18: take the UK where I am at the moment, London

838
00:39:58,239 --> 00:40:01,200
Speaker 18: is the primate the dominance city, but only a little

839
00:40:01,239 --> 00:40:03,960
Speaker 18: over twenty percent of the population live in that city,

840
00:40:04,120 --> 00:40:09,239
Speaker 18: so it's disproportionate compared with other countries. And I think

841
00:40:09,280 --> 00:40:13,040
Speaker 18: the assumption and your question about you know, between fifteen

842
00:40:13,040 --> 00:40:15,240
Speaker 18: and sixty percent of our migrants coming to New Zealand

843
00:40:15,719 --> 00:40:17,839
Speaker 18: end up an all club. Well, we could do things

844
00:40:17,920 --> 00:40:22,080
Speaker 18: to disperse that migrant population around the country, but we

845
00:40:22,200 --> 00:40:24,560
Speaker 18: seem unwilling to do so, and I don't know why.

846
00:40:25,080 --> 00:40:27,000
Speaker 2: Indeed, all right, Paul, appreciate your time, and I have

847
00:40:27,040 --> 00:40:28,719
Speaker 2: a good break in that particular part of the world.

848
00:40:28,719 --> 00:40:32,800
Speaker 2: Paul Spoonley, the Massy University sociologist. I think we've tried partially.

849
00:40:32,880 --> 00:40:34,839
Speaker 2: You know, you get extra points Whinston Peter's come up

850
00:40:34,840 --> 00:40:36,160
Speaker 2: with the idea. I think a number of years ago

851
00:40:36,160 --> 00:40:38,200
Speaker 2: you get extra points if you moved to a rural center.

852
00:40:38,239 --> 00:40:40,640
Speaker 2: It just didn't work. People seem to like who stay

853
00:40:40,680 --> 00:40:42,520
Speaker 2: with their land for whatever reason. But a debate for

854
00:40:42,560 --> 00:40:45,479
Speaker 2: another day. Come back and talk about polling in a moment.

855
00:40:45,560 --> 00:40:52,360
Speaker 1: Seven the Mic Asking Breakfast Full Show podcast on iHeartRadio

856
00:40:52,719 --> 00:40:53,880
Speaker 1: powered by News Talks.

857
00:40:53,880 --> 00:40:56,400
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873
00:41:35,120 --> 00:41:38,480
Speaker 2: is one net plus Grizzly AI, a powerful team for

874
00:41:38,640 --> 00:41:42,120
Speaker 2: your business and it's all there at one net dot

875
00:41:42,239 --> 00:41:43,239
Speaker 2: co dot Nz.

876
00:41:45,239 --> 00:41:45,399
Speaker 10: Four.

877
00:41:45,719 --> 00:41:48,600
Speaker 2: One pole tells is something last night by not really

878
00:41:48,719 --> 00:41:52,040
Speaker 2: moving and another pole tells a something by being badly misrepresented.

879
00:41:52,200 --> 00:41:54,360
Speaker 2: Now the one news numbers last Night show essentially the

880
00:41:54,400 --> 00:41:56,719
Speaker 2: government traveling well. Most parties are stable. The Greens are

881
00:41:56,719 --> 00:41:59,120
Speaker 2: down a bit for obvious reasons, but it's all so

882
00:41:59,239 --> 00:42:01,680
Speaker 2: far within the margin of error. Really nothing's changed. What

883
00:42:01,840 --> 00:42:04,920
Speaker 2: that tells you is broadly couple of things. One, at

884
00:42:04,960 --> 00:42:06,920
Speaker 2: the stage of the electoral cycle, people don't pay as

885
00:42:06,960 --> 00:42:09,000
Speaker 2: much attention as they will be in eighteen months time,

886
00:42:09,080 --> 00:42:11,279
Speaker 2: and two, the government, with its level of support, is

887
00:42:11,320 --> 00:42:13,399
Speaker 2: doing basically what they said they would and most people

888
00:42:13,400 --> 00:42:15,960
Speaker 2: are pretty happy with it. The other pole was on

889
00:42:16,120 --> 00:42:18,719
Speaker 2: race relations. TV one promoted the fact only ten percent

890
00:42:18,800 --> 00:42:21,520
Speaker 2: think the government is improving them forty six percent think

891
00:42:21,560 --> 00:42:25,520
Speaker 2: they're damaging them. What they didn't give the appropriate prominence

892
00:42:25,560 --> 00:42:28,520
Speaker 2: to was the fact that thirty seven percent think it's

893
00:42:28,600 --> 00:42:30,840
Speaker 2: not making any difference at all. In other words, despite

894
00:42:30,880 --> 00:42:32,560
Speaker 2: all the noise and hotty are being drummed up by

895
00:42:32,600 --> 00:42:34,560
Speaker 2: the radicals and the media, most of us aren't engaged

896
00:42:34,600 --> 00:42:37,920
Speaker 2: because nothing is really changing. So if you take the

897
00:42:38,040 --> 00:42:41,520
Speaker 2: thirty seven who see no change and the ten percent

898
00:42:41,600 --> 00:42:45,200
Speaker 2: who see an improvement, you've got forty seven, which is

899
00:42:45,239 --> 00:42:48,439
Speaker 2: in fact more people thinking things raither neutral or better,

900
00:42:48,680 --> 00:42:51,359
Speaker 2: as opposed to the forty six percent who think they're worse,

901
00:42:51,640 --> 00:42:53,800
Speaker 2: which of course ties in with why the government numbers

902
00:42:53,840 --> 00:42:56,800
Speaker 2: overall haven't moved, and their support remained strong. The so

903
00:42:57,000 --> 00:43:01,040
Speaker 2: called drama around Mari policy is not actually damaging at all.

904
00:43:01,360 --> 00:43:03,839
Speaker 2: You will note the numbers weren't presented that way by

905
00:43:03,880 --> 00:43:07,200
Speaker 2: the state run broadcast. A good question might be why

906
00:43:07,360 --> 00:43:10,520
Speaker 2: not what moves needles is the economy and on that

907
00:43:10,680 --> 00:43:12,440
Speaker 2: we might be in for an improvement, and if we are,

908
00:43:12,560 --> 00:43:15,480
Speaker 2: what you will then see in the polling is polling

909
00:43:15,560 --> 00:43:18,680
Speaker 2: numbers most definitely shifting in the government's favor. Maori relations

910
00:43:18,719 --> 00:43:23,400
Speaker 2: have been tested and testing my entire life. The previous

911
00:43:23,440 --> 00:43:26,960
Speaker 2: government bent over backwards for Maori, their beliefs, their needs,

912
00:43:27,040 --> 00:43:29,200
Speaker 2: their causes, and look where that got them. The current

913
00:43:29,239 --> 00:43:31,600
Speaker 2: government have read the things right. Basically, outcomes are what

914
00:43:31,760 --> 00:43:34,759
Speaker 2: really count, whether in race relations or the economy. The

915
00:43:34,840 --> 00:43:37,439
Speaker 2: numbers broadly show they're on the right side of both.

916
00:43:38,080 --> 00:43:41,320
Speaker 2: Asking now, mister Trump, while the Democrats are all gathered

917
00:43:41,360 --> 00:43:43,320
Speaker 2: in Chicago, mister Trump is trying to counter that with

918
00:43:43,440 --> 00:43:46,239
Speaker 2: a bit of yakiy yak in Pennsylvania. He's supposed to

919
00:43:46,280 --> 00:43:48,719
Speaker 2: be talking about jobs, but you will note he isn't.

920
00:43:49,000 --> 00:43:51,440
Speaker 5: She wants to give free health care for millions of

921
00:43:51,520 --> 00:43:54,920
Speaker 5: illegal aliens and give them all citizenship into the United

922
00:43:54,960 --> 00:43:58,200
Speaker 5: States immediately, and she then wants to sign them up

923
00:43:58,320 --> 00:44:01,719
Speaker 5: for Medicare and socialcyk s curity, and she wants them

924
00:44:01,800 --> 00:44:05,319
Speaker 5: to vote illegally if possible, anyway thinking vote, they don't

925
00:44:05,320 --> 00:44:09,040
Speaker 5: care if it's legal en and they're signing people up

926
00:44:09,080 --> 00:44:12,040
Speaker 5: as we speak. They're signing them up as we speak.

927
00:44:12,200 --> 00:44:16,680
Speaker 5: They don't care, they don't care about the laws. Very simply,

928
00:44:17,640 --> 00:44:22,760
Speaker 5: Kamala Harris is an economy wrecker and a country destroyer.

929
00:44:22,840 --> 00:44:24,759
Speaker 5: Our country will be destroyed if she gets in.

930
00:44:25,680 --> 00:44:28,680
Speaker 2: So that's him in Pennsylvania as we speak, Mike not

931
00:44:28,840 --> 00:44:31,839
Speaker 2: the six month rate is hardly moving, indicating the rights

932
00:44:31,920 --> 00:44:33,719
Speaker 2: yet to come down further. Our lovey show, so as

933
00:44:33,719 --> 00:44:35,759
Speaker 2: you're right, and that is the great game we're playing

934
00:44:35,760 --> 00:44:37,800
Speaker 2: at the moment. Of course, when Adrian says there's cuts

935
00:44:37,880 --> 00:44:40,759
Speaker 2: after cuts after cuts after cuts after cuts, and the

936
00:44:40,840 --> 00:44:42,279
Speaker 2: cash right is going to be four percent by the

937
00:44:42,280 --> 00:44:44,360
Speaker 2: middle of next year, if you're sitting there looking to

938
00:44:44,400 --> 00:44:45,880
Speaker 2: deal with the banks, you're saying, well, why am I

939
00:44:45,960 --> 00:44:47,960
Speaker 2: taking today's number when I know in October and no

940
00:44:48,120 --> 00:44:50,160
Speaker 2: end of December it's going to be very different, unless,

941
00:44:50,160 --> 00:44:51,960
Speaker 2: of course, you have to when your mortgage is up

942
00:44:51,960 --> 00:44:53,799
Speaker 2: and you got to lock something in. So these are

943
00:44:53,880 --> 00:44:58,239
Speaker 2: interesting times, but I'm starting to feel just a little

944
00:44:58,280 --> 00:45:02,239
Speaker 2: bit like things might might be starting to turn. I

945
00:45:02,320 --> 00:45:04,560
Speaker 2: won't ask the Prime Minister that, because of course he'll say, oh,

946
00:45:04,680 --> 00:45:06,920
Speaker 2: absolutely they are, and they started at the end of

947
00:45:07,040 --> 00:45:07,480
Speaker 2: last year.

948
00:45:07,600 --> 00:45:13,680
Speaker 1: So Christopher luxem is next, your trusted source for news

949
00:45:14,000 --> 00:45:18,440
Speaker 1: and fews, the mic asking Breakfast with Bailey's real Estate,

950
00:45:18,680 --> 00:45:22,279
Speaker 1: your local experts across residential, commercial and rural news.

951
00:45:22,320 --> 00:45:24,640
Speaker 2: Togs d been Jammy Nielsen back with us after right.

952
00:45:24,680 --> 00:45:26,600
Speaker 2: She got a tour coming and some new music to

953
00:45:26,680 --> 00:45:28,960
Speaker 2: tell you, but she's been recording it at Willie Nelson's

954
00:45:29,000 --> 00:45:31,200
Speaker 2: place no less twenty three minutes away from a Tuesday

955
00:45:31,200 --> 00:45:33,400
Speaker 2: morning Prime Minister Christopher Luxe willis very good morning to

956
00:45:33,480 --> 00:45:38,800
Speaker 2: you body. Mike brad Olsen's done some numbers on the

957
00:45:39,160 --> 00:45:42,360
Speaker 2: amount of productivity lost when we close the Harbor Bridge

958
00:45:42,400 --> 00:45:46,480
Speaker 2: because it's blowy, and he points out that there are

959
00:45:46,520 --> 00:45:49,520
Speaker 2: still people being paid seventy five thousand dollars a week

960
00:45:50,040 --> 00:45:52,920
Speaker 2: to work on an option to replace or replicate the bridge.

961
00:45:53,080 --> 00:45:53,680
Speaker 2: Is that true?

962
00:45:55,560 --> 00:45:58,640
Speaker 19: I'm not aware of that. I know Samon Brown's talked

963
00:45:58,640 --> 00:46:02,080
Speaker 19: about a second crossing, which is important but it's part

964
00:46:02,120 --> 00:46:04,319
Speaker 19: of our broader infrastructure thematic, which is the saying, look,

965
00:46:04,360 --> 00:46:06,480
Speaker 19: you know, you get massive productivity gains out of actually

966
00:46:06,480 --> 00:46:09,160
Speaker 19: building stuff and getting roads built, and that's a good thing.

967
00:46:09,280 --> 00:46:12,080
Speaker 19: So yep, I understand the bridges at capacity. Yes, we

968
00:46:12,200 --> 00:46:14,839
Speaker 19: have to get a replacement in place, whether it's another bridge,

969
00:46:14,880 --> 00:46:17,279
Speaker 19: where it's another tunnel. You know, those are options that

970
00:46:17,320 --> 00:46:18,600
Speaker 19: I know something has got on this plan.

971
00:46:18,520 --> 00:46:19,000
Speaker 14: To look through.

972
00:46:19,400 --> 00:46:22,160
Speaker 2: Would it bother you if you're paying seventy five thousand

973
00:46:22,160 --> 00:46:23,680
Speaker 2: dollars a week to people looking into this.

974
00:46:25,280 --> 00:46:27,799
Speaker 19: It's not something I'm aware of. But you know, nothing

975
00:46:27,880 --> 00:46:29,600
Speaker 19: is surprising me in government as to what people have

976
00:46:29,680 --> 00:46:31,480
Speaker 19: been working on and what they still continue to work on.

977
00:46:31,600 --> 00:46:34,200
Speaker 19: So we are working very hard to keep everyone very focused.

978
00:46:34,719 --> 00:46:36,279
Speaker 19: But I'm just not aware of that, Mike. To be honest,

979
00:46:36,320 --> 00:46:37,680
Speaker 19: I can't comment in much more.

980
00:46:37,719 --> 00:46:39,839
Speaker 2: Dot com report that's out at eight thirty this morning

981
00:46:39,880 --> 00:46:40,920
Speaker 2: on banking. Have you seen it.

982
00:46:43,000 --> 00:46:44,880
Speaker 19: I've got a sense of some of the highlights on it.

983
00:46:45,280 --> 00:46:47,759
Speaker 19: But our point is, as you know from before, is

984
00:46:47,840 --> 00:46:50,120
Speaker 19: that we want to see much more composition in the

985
00:46:50,200 --> 00:46:54,160
Speaker 19: vacuum market. There's high levels of profitability. I think you know,

986
00:46:54,200 --> 00:46:55,799
Speaker 19: I'm hoping there'll be some good things out of there

987
00:46:55,840 --> 00:46:57,759
Speaker 19: that we've got some good actions up and running it

988
00:46:57,800 --> 00:47:01,160
Speaker 19: a way around. But obviously Nicolo and Andrew Bailey and

989
00:47:01,480 --> 00:47:03,720
Speaker 19: we'll talk more to that later on when it's really available.

990
00:47:03,880 --> 00:47:06,239
Speaker 2: So just give us the sense of this. Had they

991
00:47:06,360 --> 00:47:08,319
Speaker 2: said what you thought, I mean, I'm assuming they're saying

992
00:47:08,360 --> 00:47:11,960
Speaker 2: basically what they said in the preparatory report, will you

993
00:47:12,200 --> 00:47:13,800
Speaker 2: be doing something about it?

994
00:47:15,000 --> 00:47:17,640
Speaker 19: Yes, absolutely, I mean, as you know, we've been wanting

995
00:47:17,680 --> 00:47:19,800
Speaker 19: to see this Commerce Commission report come back. As I

996
00:47:19,880 --> 00:47:21,799
Speaker 19: understand it, I haven't read the report. It's about three

997
00:47:21,880 --> 00:47:24,840
Speaker 19: hundred and ninety pages. I think at this point, I

998
00:47:24,960 --> 00:47:28,000
Speaker 19: know Nikola has and has got a good sense of

999
00:47:28,600 --> 00:47:30,160
Speaker 19: what we need to do and what we can respond

1000
00:47:30,200 --> 00:47:32,720
Speaker 19: to immediately around it actually, which is important.

1001
00:47:32,760 --> 00:47:33,480
Speaker 14: But she'll talk to that.

1002
00:47:33,760 --> 00:47:36,040
Speaker 19: And then also we've got our Select Committee inquiries at

1003
00:47:36,080 --> 00:47:39,279
Speaker 19: the Finance and Expenditure Committee and also the Rural Communities

1004
00:47:40,000 --> 00:47:42,959
Speaker 19: Rural SERI Committee as well, because we are concerned about

1005
00:47:43,000 --> 00:47:45,479
Speaker 19: banking in the rural sector as much as across the board.

1006
00:47:45,600 --> 00:47:48,320
Speaker 19: So look, there's major challenges in the competition in the market,

1007
00:47:48,840 --> 00:47:51,480
Speaker 19: there's high levels of profitability, and we want to make

1008
00:47:51,520 --> 00:47:53,680
Speaker 19: sure it's a much better functioning banking sector, and we're

1009
00:47:53,760 --> 00:47:55,719
Speaker 19: quite serious about it, and I think everyone understands how

1010
00:47:55,840 --> 00:47:56,800
Speaker 19: serious we are about it.

1011
00:47:57,000 --> 00:47:59,680
Speaker 2: In a year's time, will you be able to materially

1012
00:47:59,719 --> 00:48:03,160
Speaker 2: show owe me a different banking marketplace in this country

1013
00:48:03,239 --> 00:48:06,160
Speaker 2: as a result of your actions, Well, I will.

1014
00:48:06,080 --> 00:48:08,239
Speaker 19: Hope we would have put some serious interventions in place

1015
00:48:08,320 --> 00:48:10,560
Speaker 19: that will be leading to that. As to whether individual

1016
00:48:10,600 --> 00:48:13,080
Speaker 19: firms want to know, more banking products are available, more

1017
00:48:13,120 --> 00:48:16,720
Speaker 19: fintech products are available, what innovations available, more open banking,

1018
00:48:16,800 --> 00:48:19,160
Speaker 19: all of those good things are happening. You know, we

1019
00:48:19,239 --> 00:48:20,640
Speaker 19: want to be well on the track to making sure

1020
00:48:20,680 --> 00:48:23,719
Speaker 19: that's exactly the case. So I just can't underscore that.

1021
00:48:23,840 --> 00:48:26,720
Speaker 19: You know, I'm very serious about the banking sector happening

1022
00:48:26,760 --> 00:48:29,120
Speaker 19: for a long time, concerned about it. I know Nicola

1023
00:48:29,239 --> 00:48:32,080
Speaker 19: is the same, and we're looking at the Commerce Commission,

1024
00:48:32,080 --> 00:48:33,960
Speaker 19: WI look at our inquiries and we'll do whatever we

1025
00:48:34,000 --> 00:48:34,279
Speaker 19: need to do.

1026
00:48:34,520 --> 00:48:37,279
Speaker 2: Will Nikola talk about qu Bank and its shape and

1027
00:48:37,440 --> 00:48:38,400
Speaker 2: form today.

1028
00:48:39,719 --> 00:48:42,799
Speaker 19: Well she might well talk to that, but again there's

1029
00:48:42,800 --> 00:48:45,160
Speaker 19: three hundred and ninety pages and I'll let her go

1030
00:48:45,239 --> 00:48:47,520
Speaker 19: through the recommendations and what we are responding to a

1031
00:48:47,560 --> 00:48:49,239
Speaker 19: lot of it. You know, there's there's a lot of

1032
00:48:50,080 --> 00:48:52,880
Speaker 19: regulatory stuff that's gone on the way, there's a you know,

1033
00:48:52,960 --> 00:48:55,479
Speaker 19: there's a lot of open bankings, something we've talked about

1034
00:48:55,520 --> 00:48:57,800
Speaker 19: for a long time, but there's no real progress on that.

1035
00:48:57,920 --> 00:48:59,640
Speaker 19: You know, that's the ability for people to move banks

1036
00:48:59,680 --> 00:49:03,040
Speaker 19: from this more competition and that people don't move. They're

1037
00:49:03,040 --> 00:49:04,960
Speaker 19: pretty innurse and they get locked into their banks and

1038
00:49:05,000 --> 00:49:06,759
Speaker 19: don't seem to do that. So what else do we

1039
00:49:06,840 --> 00:49:09,440
Speaker 19: need to do to encourage that competition? But again, I'll

1040
00:49:09,520 --> 00:49:10,960
Speaker 19: let her talk to that later on and stuff again.

1041
00:49:11,080 --> 00:49:13,600
Speaker 2: Have you and we've seen Westpact just yesterday, and we've

1042
00:49:13,600 --> 00:49:15,360
Speaker 2: seen a couple of banks in the last week, and

1043
00:49:15,400 --> 00:49:17,200
Speaker 2: we've seen the Reserve Bank Act. Have you gotten to

1044
00:49:17,280 --> 00:49:20,399
Speaker 2: the bottom in your mind of why the Australian Bank

1045
00:49:20,480 --> 00:49:23,080
Speaker 2: has a profit margin in the ones and the New

1046
00:49:23,200 --> 00:49:25,239
Speaker 2: Zealand Bank in other words, the New Zealand branch of

1047
00:49:25,280 --> 00:49:27,640
Speaker 2: the Australian Bank has a profit margin in the twos

1048
00:49:28,320 --> 00:49:31,480
Speaker 2: And they argue it's all on it's all on Adrian

1049
00:49:31,719 --> 00:49:32,879
Speaker 2: or he says it isn't.

1050
00:49:32,920 --> 00:49:36,480
Speaker 19: Do you have a capital or not? I don't, But

1051
00:49:36,600 --> 00:49:38,399
Speaker 19: that is what I'm concerned about, and that's what I've

1052
00:49:38,400 --> 00:49:41,319
Speaker 19: been concerned about for some time. It's the relative profitability

1053
00:49:41,440 --> 00:49:43,560
Speaker 19: at a per capital level. If I look at the

1054
00:49:43,600 --> 00:49:45,759
Speaker 19: relative prosibility of the banks of New Zealand compared to

1055
00:49:45,880 --> 00:49:49,600
Speaker 19: other markets, I think we've got a problem. And it

1056
00:49:49,680 --> 00:49:52,840
Speaker 19: doesn't know in years. We want strong banks from recessionary times,

1057
00:49:53,239 --> 00:49:56,480
Speaker 19: but continued record profits is something that and lack of

1058
00:49:56,520 --> 00:49:59,560
Speaker 19: competition is a serious problem. So you know, let's see

1059
00:49:59,640 --> 00:50:02,040
Speaker 19: where we get to with the Commerce Commission today willing

1060
00:50:02,960 --> 00:50:04,840
Speaker 19: that'll inform a lot of where the questioning goes, and

1061
00:50:04,880 --> 00:50:07,279
Speaker 19: the Selek committees that will then drive a lot more

1062
00:50:07,320 --> 00:50:09,520
Speaker 19: of the action and plan that we've got to make

1063
00:50:09,560 --> 00:50:12,800
Speaker 19: sure we get a much more competitive, dynamic banking sector.

1064
00:50:13,520 --> 00:50:16,120
Speaker 19: But yes, that's exactly like. That's one of the problems

1065
00:50:16,120 --> 00:50:18,520
Speaker 19: I've observed is the subsidies of Australian banks and they

1066
00:50:18,520 --> 00:50:19,520
Speaker 19: seem to have high margins.

1067
00:50:19,719 --> 00:50:23,680
Speaker 2: Correct, despite the shocking misrepresentation of the polling numbers last

1068
00:50:23,760 --> 00:50:27,040
Speaker 2: night on the State broadcaster, there are thirty seven percent

1069
00:50:27,120 --> 00:50:29,399
Speaker 2: of people in this country who don't think your race

1070
00:50:29,440 --> 00:50:32,440
Speaker 2: relations policy is making any difference at all. Ten percent

1071
00:50:32,520 --> 00:50:35,160
Speaker 2: think they're improving it. So forty seven plays forty six

1072
00:50:35,520 --> 00:50:37,839
Speaker 2: does that reassure you as you sat in the rain

1073
00:50:37,920 --> 00:50:40,360
Speaker 2: yesterday being yelled at that maybe things you might be

1074
00:50:40,440 --> 00:50:41,000
Speaker 2: on the right track.

1075
00:50:41,040 --> 00:50:44,479
Speaker 19: Anyway, Well, look, I got to say that that poll

1076
00:50:44,600 --> 00:50:46,400
Speaker 19: was no different from what I saw a year or

1077
00:50:46,440 --> 00:50:49,560
Speaker 19: so ago under the previous administration as well. So the

1078
00:50:49,600 --> 00:50:51,719
Speaker 19: bottom line, and I'm trying to communicate very strongly and

1079
00:50:51,760 --> 00:50:54,480
Speaker 19: actually EWE leaders when I meet with them individually understand

1080
00:50:54,560 --> 00:50:57,200
Speaker 19: this is that I'm more interested in, actually, what are

1081
00:50:57,239 --> 00:50:59,040
Speaker 19: we going to do about the outcomes for Malori and

1082
00:50:59,080 --> 00:51:01,680
Speaker 19: non Malori kids. When you look at housing, when you

1083
00:51:01,760 --> 00:51:04,080
Speaker 19: look at education, when you look at healthcare, when you

1084
00:51:04,120 --> 00:51:07,360
Speaker 19: look at incomes, all those conversations are what we need

1085
00:51:07,440 --> 00:51:10,440
Speaker 19: to do. You know, we twelve percent of Maori kids'

1086
00:51:10,600 --> 00:51:11,880
Speaker 19: at the sender they need to be at at the

1087
00:51:11,920 --> 00:51:14,640
Speaker 19: benchmark going into high school on mathematics. We've got a problem,

1088
00:51:15,640 --> 00:51:18,520
Speaker 19: you know, when we've got a district bush number of

1089
00:51:18,840 --> 00:51:21,719
Speaker 19: Maori families and emergency housing and yet we're you know,

1090
00:51:21,840 --> 00:51:24,319
Speaker 19: thankfully we've moved a thousand kids out of emergency housing

1091
00:51:24,360 --> 00:51:26,799
Speaker 19: between April and July into a proper home because they

1092
00:51:26,840 --> 00:51:28,560
Speaker 19: shouldn't be growing up on which I that's a good stuff.

1093
00:51:28,600 --> 00:51:32,160
Speaker 19: That's improving outcomes when we're working on immunization rates Rounder

1094
00:51:32,239 --> 00:51:33,440
Speaker 19: two with Mary, you.

1095
00:51:33,480 --> 00:51:34,840
Speaker 14: Know, that's that's what it's about.

1096
00:51:35,000 --> 00:51:38,600
Speaker 19: So I'm focused on outcomes, and you know I'm over

1097
00:51:38,680 --> 00:51:40,279
Speaker 19: the you know, I don't think the last six years

1098
00:51:40,360 --> 00:51:42,800
Speaker 19: was a fantastic time for Maori frankly, and the results

1099
00:51:42,800 --> 00:51:44,000
Speaker 19: that we're achieved underived and.

1100
00:51:44,120 --> 00:51:47,200
Speaker 2: Writing at the what you were getting yelled at yesterday.

1101
00:51:47,400 --> 00:51:49,719
Speaker 2: I look at who You've thrown them under the bus

1102
00:51:49,840 --> 00:51:51,840
Speaker 2: and you've run them over. And I'm thinking to myself,

1103
00:51:52,120 --> 00:51:54,200
Speaker 2: is even if he feels that way, what's what's the

1104
00:51:54,280 --> 00:51:55,799
Speaker 2: point of that exchange? Where's that going?

1105
00:51:57,320 --> 00:52:00,560
Speaker 19: Well, I'm less thing I find it. I mean, it's

1106
00:52:00,560 --> 00:52:02,920
Speaker 19: important for me that we continue to engage. We can

1107
00:52:02,960 --> 00:52:04,720
Speaker 19: be respectful, we can agree.

1108
00:52:05,000 --> 00:52:07,800
Speaker 2: Is yelling at you in the rain engaging or is

1109
00:52:07,840 --> 00:52:09,160
Speaker 2: it just yelling at you and the rain?

1110
00:52:10,160 --> 00:52:12,480
Speaker 19: Well, look, if it helps everyone feel better, that's great.

1111
00:52:13,280 --> 00:52:15,200
Speaker 19: I'm just all about making sure that we keep the

1112
00:52:15,280 --> 00:52:17,000
Speaker 19: joint on track and we get it sorted.

1113
00:52:17,120 --> 00:52:19,640
Speaker 15: And I just say, you know, a lot of the.

1114
00:52:19,640 --> 00:52:22,360
Speaker 19: Conversations I have with ere leaders are actually at that

1115
00:52:22,600 --> 00:52:24,200
Speaker 19: next level of actually, well, what are we going to

1116
00:52:24,280 --> 00:52:26,560
Speaker 19: do about housing and what are we doing about infrastructure?

1117
00:52:26,600 --> 00:52:29,279
Speaker 19: What are we doing about health and education? So you

1118
00:52:29,360 --> 00:52:32,239
Speaker 19: know that's where the conversations go and my private conversations

1119
00:52:32,280 --> 00:52:35,400
Speaker 19: with many of them. Yep, there's frustration on the treaty principles.

1120
00:52:35,440 --> 00:52:36,000
Speaker 15: Bell get that.

1121
00:52:37,280 --> 00:52:38,920
Speaker 19: I think you know, we've been very clear about our

1122
00:52:38,960 --> 00:52:41,880
Speaker 19: relative positions on all of that. But the real focus is,

1123
00:52:42,040 --> 00:52:44,279
Speaker 19: you know, when eighty eight percent of kids are not

1124
00:52:44,320 --> 00:52:47,160
Speaker 19: willing it to be on maths and mighty, that's a problem.

1125
00:52:47,640 --> 00:52:50,759
Speaker 2: When frankly, that trip to Sydney last week and the

1126
00:52:50,800 --> 00:52:54,560
Speaker 2: big metro station opened yesterday, years overdue and billions of

1127
00:52:54,640 --> 00:52:58,200
Speaker 2: dollars over mudget, what did you actually learn about building

1128
00:52:58,280 --> 00:53:00,400
Speaker 2: stuff that we don't already know in the eath?

1129
00:53:01,560 --> 00:53:04,240
Speaker 19: Yeah, well we don't do it in a very system.

1130
00:53:04,320 --> 00:53:04,640
Speaker 9: You mean.

1131
00:53:04,880 --> 00:53:06,400
Speaker 19: One of the big things, to be honest is in

1132
00:53:06,480 --> 00:53:08,440
Speaker 19: New South Wales might be at the premiere there in

1133
00:53:08,520 --> 00:53:11,319
Speaker 19: twenty fourteen put in place something called Infrastructure New South

1134
00:53:11,360 --> 00:53:13,719
Speaker 19: Wales and essentially what they do is they have a

1135
00:53:13,760 --> 00:53:15,359
Speaker 19: bunch of people who go through and they build out

1136
00:53:15,360 --> 00:53:17,560
Speaker 19: a proper thirty year pipeline, which is what Chris Bishop

1137
00:53:17,600 --> 00:53:20,239
Speaker 19: and I've been talking about. But importantly they then can

1138
00:53:20,320 --> 00:53:23,920
Speaker 19: prioritize those projects so if there is, and then the

1139
00:53:24,040 --> 00:53:26,520
Speaker 19: benefit of that is that when the political cycles change,

1140
00:53:26,920 --> 00:53:29,080
Speaker 19: you're not in the ridiculous situation that we've been in

1141
00:53:29,200 --> 00:53:31,160
Speaker 19: New Zealand where you take a road as simple as

1142
00:53:31,239 --> 00:53:35,480
Speaker 19: Cambridge to Piety and it's like on off, on off.

1143
00:53:35,680 --> 00:53:39,400
Speaker 19: Actually it's happening. The project happens. It's a priority, and

1144
00:53:39,440 --> 00:53:41,600
Speaker 19: they're clear about the relative priority. If there's more money

1145
00:53:41,640 --> 00:53:43,800
Speaker 19: available on the system, they know what the next funding.

1146
00:53:44,080 --> 00:53:45,800
Speaker 19: If there's less money in the system, they know what

1147
00:53:45,880 --> 00:53:49,440
Speaker 19: they have to defund and reprioritize. But the idea is

1148
00:53:49,520 --> 00:53:52,919
Speaker 19: that politics are taken out of infrastructure development and infrastructure's

1149
00:53:53,000 --> 00:53:55,080
Speaker 19: long term and I would love to see that in

1150
00:53:55,120 --> 00:53:57,880
Speaker 19: New Zealand and with our short political cycles and local government,

1151
00:53:58,040 --> 00:54:00,880
Speaker 19: central government the reality years, you need to have some

1152
00:54:01,000 --> 00:54:03,080
Speaker 19: of their mechanism and governance around that. And that has

1153
00:54:03,200 --> 00:54:06,560
Speaker 19: worked really, really well, and so they know what they're

1154
00:54:06,680 --> 00:54:09,240
Speaker 19: rolling into in the next fifteen to twenty projects across

1155
00:54:09,280 --> 00:54:12,719
Speaker 19: the state, having done a bunch over the last ten

1156
00:54:12,800 --> 00:54:13,600
Speaker 19: years or so as well.

1157
00:54:13,760 --> 00:54:15,480
Speaker 15: So yeah, that was really good.

1158
00:54:15,480 --> 00:54:17,960
Speaker 19: I took Shane Jones, I took Chris Basha, I took

1159
00:54:18,000 --> 00:54:20,640
Speaker 19: some and Brown I also sat down with investors, hosted

1160
00:54:20,680 --> 00:54:23,840
Speaker 19: an investor lunch as I always do. You know Australian

1161
00:54:24,160 --> 00:54:26,720
Speaker 19: super funds and other funds that want to spend billions

1162
00:54:26,800 --> 00:54:28,640
Speaker 19: of dollars and ideally in New Zealand. I want that

1163
00:54:28,680 --> 00:54:31,120
Speaker 19: money coming into the country. And we talk about the

1164
00:54:31,160 --> 00:54:33,000
Speaker 19: frustrations that they have, the good, the bad and the

1165
00:54:33,120 --> 00:54:35,400
Speaker 19: ugly of investing in New Zealand and what either stops

1166
00:54:35,480 --> 00:54:37,719
Speaker 19: them or or what of the impediments they are encountering.

1167
00:54:38,600 --> 00:54:40,600
Speaker 19: And so you know, all of that was good for

1168
00:54:41,480 --> 00:54:44,040
Speaker 19: my infrastructure ministers to get a feel of get out

1169
00:54:44,040 --> 00:54:45,879
Speaker 19: of the bubble of New Zealand, see what good looks

1170
00:54:45,960 --> 00:54:47,879
Speaker 19: like somewhere else in the world, and can we learn

1171
00:54:47,880 --> 00:54:49,000
Speaker 19: from it and apply it back home.

1172
00:54:49,280 --> 00:54:52,200
Speaker 2: Good stuff. Appreciate time seeing ex Tuesday Christopher Leux, Prime

1173
00:54:52,239 --> 00:54:53,359
Speaker 2: Minister thirteen.

1174
00:54:53,040 --> 00:54:59,719
Speaker 1: Two Cool Love Mike Hosking Breakers full show podcast on iHeartRadio.

1175
00:54:59,239 --> 00:55:00,200
Speaker 16: Powered Like News Talk.

1176
00:55:00,960 --> 00:55:03,160
Speaker 2: Mike his luck have been clear about the treaty principles.

1177
00:55:03,239 --> 00:55:05,640
Speaker 2: We know they'll not support it, but why I don't

1178
00:55:05,719 --> 00:55:07,640
Speaker 2: know why they oppose it because they think it's a

1179
00:55:07,800 --> 00:55:10,160
Speaker 2: visible and it's not in their run, it's not in

1180
00:55:10,200 --> 00:55:14,920
Speaker 2: their wheel house. It's enacts, and I admired David Seymour

1181
00:55:14,960 --> 00:55:16,560
Speaker 2: for wanting to have the discussion, but I think he

1182
00:55:16,840 --> 00:55:19,360
Speaker 2: to be Frank is on hiding to nothing because I

1183
00:55:19,360 --> 00:55:20,880
Speaker 2: don't think the mood of the country is ready for

1184
00:55:20,960 --> 00:55:24,160
Speaker 2: something as big and broad as that sort of discussion.

1185
00:55:24,320 --> 00:55:25,759
Speaker 2: When you're dealing. I mean, you saw a little bit

1186
00:55:25,800 --> 00:55:27,560
Speaker 2: of it yesterday on that Maria. It's you know, it's

1187
00:55:27,640 --> 00:55:29,640
Speaker 2: just a lot of yelling and screaming going on. By

1188
00:55:29,680 --> 00:55:31,400
Speaker 2: the way, just an ounce settings for the New Zealand

1189
00:55:31,440 --> 00:55:34,680
Speaker 2: emissions trading scheme, which is a particular fascination to me,

1190
00:55:35,080 --> 00:55:39,120
Speaker 2: mainly as an exercise in complete and uttering competence, given

1191
00:55:39,160 --> 00:55:42,319
Speaker 2: they invented it. And if you don't understand the trading scheme,

1192
00:55:42,320 --> 00:55:45,320
Speaker 2: it's worth looking up. Four times a year, you go

1193
00:55:45,400 --> 00:55:48,200
Speaker 2: to the marketplace and you buy these credits if you're

1194
00:55:48,200 --> 00:55:50,600
Speaker 2: a polluter, and you pay X number of dollars for

1195
00:55:50,640 --> 00:55:53,200
Speaker 2: the credits, unless, of course, the government's mucking around with them,

1196
00:55:53,239 --> 00:55:55,360
Speaker 2: and mucking around with the ets and mucking around with

1197
00:55:55,440 --> 00:55:58,480
Speaker 2: the environment and climate policy generally, then what happens as

1198
00:55:58,520 --> 00:56:00,600
Speaker 2: you go. I've got no idea what the government's doing. Therefore,

1199
00:56:00,600 --> 00:56:03,840
Speaker 2: why would I bother buying credits, so you don't. And

1200
00:56:04,040 --> 00:56:05,800
Speaker 2: so in the under the last government, you had a

1201
00:56:05,840 --> 00:56:07,800
Speaker 2: whole year's worth of auctions, four of them, and not

1202
00:56:07,920 --> 00:56:10,360
Speaker 2: a single credit was bought, not a single one of them.

1203
00:56:10,520 --> 00:56:12,640
Speaker 2: So they raised absolutely none. They can raise a couple

1204
00:56:12,640 --> 00:56:14,600
Speaker 2: of billion dollars a year in credits, but they don't. Anyway.

1205
00:56:14,600 --> 00:56:17,200
Speaker 2: They've made some changes this morning. They'll retain the current

1206
00:56:17,239 --> 00:56:21,800
Speaker 2: auction floor price, cost containment, reserve price, current reserve volumes.

1207
00:56:21,920 --> 00:56:23,680
Speaker 2: But what they are doing is reducing the number of

1208
00:56:23,800 --> 00:56:26,920
Speaker 2: units available between twenty twenty five and twenty twenty nine.

1209
00:56:26,960 --> 00:56:29,120
Speaker 2: They're harving them basically from forty five million down to

1210
00:56:29,200 --> 00:56:31,760
Speaker 2: twenty one. The theory being as there's if there's less supply,

1211
00:56:32,520 --> 00:56:35,080
Speaker 2: the demand whatever demand there is will put the price

1212
00:56:35,200 --> 00:56:37,840
Speaker 2: up or so goes the theory. So it'll be interesting

1213
00:56:37,880 --> 00:56:40,200
Speaker 2: to see whether or not that comes to pass. Nine

1214
00:56:40,239 --> 00:56:42,120
Speaker 2: to wait the my.

1215
00:56:42,280 --> 00:56:46,080
Speaker 1: Costing breakfast with the range Rover, thela Use toss b.

1216
00:56:46,560 --> 00:56:48,840
Speaker 2: From what I recall, Tokoo Morgan wasn't an effective Minister

1217
00:56:48,960 --> 00:56:51,000
Speaker 2: of Parliament a moment, and the Sun was using taxpayer

1218
00:56:51,040 --> 00:56:53,520
Speaker 2: money to buy ninety dollars Underwes good famous it was

1219
00:56:53,600 --> 00:56:56,200
Speaker 2: under it was the type five. It was Tohen Ray

1220
00:56:56,280 --> 00:56:58,560
Speaker 2: and Tukou Morgan and you know all those clowns. It

1221
00:56:58,640 --> 00:57:01,160
Speaker 2: was just I found it ironic that the party he

1222
00:57:01,239 --> 00:57:04,400
Speaker 2: once belonged to, cherished and loved is the party in

1223
00:57:04,560 --> 00:57:07,640
Speaker 2: government now espousing the very policies he for reasons best

1224
00:57:07,680 --> 00:57:10,040
Speaker 2: known to himself, suddenly opposes Mike. So Lux is now

1225
00:57:10,080 --> 00:57:12,920
Speaker 2: showing his true colors by intending to have special emphasis

1226
00:57:12,960 --> 00:57:15,120
Speaker 2: on Marray children when every New Zealand child should be

1227
00:57:15,160 --> 00:57:17,400
Speaker 2: treated as equal. Mark my words. He's going to prove

1228
00:57:17,520 --> 00:57:20,080
Speaker 2: just as bias his previous life. Colin, you misread that

1229
00:57:20,440 --> 00:57:23,360
Speaker 2: he was talking about specifically married children this morning. They're

1230
00:57:23,360 --> 00:57:26,080
Speaker 2: taking the same approach to all children. That's quite clear

1231
00:57:26,640 --> 00:57:28,560
Speaker 2: in their policies and their statements so far. I think

1232
00:57:28,600 --> 00:57:30,880
Speaker 2: you've overread that. Chris Lux and so refreshing after dead

1233
00:57:30,920 --> 00:57:32,720
Speaker 2: beat to durn Mike, I can't luxe and see that

1234
00:57:32,800 --> 00:57:35,320
Speaker 2: race relations are being driven down the plug hole by

1235
00:57:35,360 --> 00:57:37,760
Speaker 2: incorrect interpretations of the treaty. He's driving to me to

1236
00:57:37,840 --> 00:57:42,640
Speaker 2: quit national Well, that's the argument that David Seymour wants

1237
00:57:42,720 --> 00:57:45,480
Speaker 2: to have in the treaty bill. I did wish and

1238
00:57:45,560 --> 00:57:47,160
Speaker 2: I regret it now, but I don't have time, but

1239
00:57:47,240 --> 00:57:49,840
Speaker 2: I did wish to ask him about the White Hagi

1240
00:57:49,920 --> 00:57:54,560
Speaker 2: Tribunal's report into the Treaty Principal's Bill, which, as I

1241
00:57:54,600 --> 00:57:58,280
Speaker 2: tried to point out yesterday, does not exist. So therefore

1242
00:57:58,880 --> 00:58:02,640
Speaker 2: we're funding a tribute for advocacy purposes on behalf of Mary.

1243
00:58:02,640 --> 00:58:04,480
Speaker 2: As far as I can work out, Mike, at last,

1244
00:58:04,480 --> 00:58:06,280
Speaker 2: somebody's coming to the party. I'm an eighty year old

1245
00:58:06,320 --> 00:58:09,160
Speaker 2: lifelong fan. The film is great. He talks to Paul Simon,

1246
00:58:09,240 --> 00:58:12,400
Speaker 2: not me in Restless Dreams, which I think is a

1247
00:58:12,480 --> 00:58:16,720
Speaker 2: must watch, But he writes, you need to know one

1248
00:58:17,560 --> 00:58:21,240
Speaker 2: in Restless Dreams is sort of the lifetime biopic, the

1249
00:58:21,400 --> 00:58:24,800
Speaker 2: definitive piece of work that's out now. It's been out

1250
00:58:24,880 --> 00:58:27,240
Speaker 2: the film Festival and I was just looking for somebody

1251
00:58:27,240 --> 00:58:29,400
Speaker 2: who'd seen it. He said, you need to know One.

1252
00:58:29,840 --> 00:58:31,080
Speaker 2: It's three and a half hours long.

1253
00:58:31,200 --> 00:58:31,640
Speaker 15: I knew that.

1254
00:58:31,720 --> 00:58:34,040
Speaker 2: Actually that doesn't bother me. Two, it doesn't get to

1255
00:58:34,120 --> 00:58:36,680
Speaker 2: South Africa and the Ladysmith Group until our three. I

1256
00:58:36,720 --> 00:58:38,200
Speaker 2: don't know that that's a problem. Is as long as

1257
00:58:38,240 --> 00:58:41,120
Speaker 2: it gets there. It's entirely from his perspective, including his

1258
00:58:41,200 --> 00:58:44,080
Speaker 2: relationship with Art. The sound of the video are great

1259
00:58:44,160 --> 00:58:46,560
Speaker 2: best in a cinema, not home video. Good piece of advice.

1260
00:58:46,680 --> 00:58:48,560
Speaker 2: Five we saw yesterday and the need and at ten

1261
00:58:48,600 --> 00:58:51,120
Speaker 2: am came out to a snowstorm that will be cleared

1262
00:58:51,160 --> 00:58:52,720
Speaker 2: by now. It looks beautiful after a snowstorm.

1263
00:58:52,760 --> 00:58:52,920
Speaker 15: Six.

1264
00:58:53,000 --> 00:58:54,400
Speaker 2: I'm glad I saw it, but I won't go through

1265
00:58:54,440 --> 00:58:57,400
Speaker 2: it again. Don well done. It's I think you've got

1266
00:58:57,480 --> 00:59:00,160
Speaker 2: to be a dedicated fan, of which I am. In

1267
00:59:00,240 --> 00:59:01,880
Speaker 2: three and a half hours, mind you, it's a life,

1268
00:59:01,960 --> 00:59:03,600
Speaker 2: isn't it. It's and and if you're gonna do it,

1269
00:59:03,720 --> 00:59:07,600
Speaker 2: do it properly. Otherwise why bother Otherwise it's a half

1270
00:59:07,680 --> 00:59:09,520
Speaker 2: hour comedy and we've got too much of those going on,

1271
00:59:09,720 --> 00:59:12,840
Speaker 2: so in Restless Dreams. So there's the first review I've

1272
00:59:12,880 --> 00:59:16,080
Speaker 2: read unofficial review. The good reviews I've read and they're

1273
00:59:16,080 --> 00:59:18,400
Speaker 2: all raving, but there's the first unofficial review, and I'll

1274
00:59:18,440 --> 00:59:20,480
Speaker 2: take it, thank you very much. Speaking of music, Tammy

1275
00:59:20,560 --> 00:59:23,080
Speaker 2: Neilson After the News, Who Views.

1276
00:59:22,960 --> 00:59:23,280
Speaker 10: Talk to.

1277
00:59:27,200 --> 00:59:30,520
Speaker 1: Setting the news agenda and digging into the issues. The

1278
00:59:30,760 --> 00:59:35,440
Speaker 1: Mic Hosking Breakfast with our Veda, Retirement, Communities, Life Your Way,

1279
00:59:35,640 --> 00:59:36,440
Speaker 1: News Togs d.

1280
00:59:36,440 --> 00:59:43,200
Speaker 10: B Honey, we want to raptor to the night. What

1281
00:59:43,520 --> 00:59:45,720
Speaker 10: a squeeze your handey, we.

1282
00:59:46,880 --> 00:59:49,320
Speaker 2: Please be a seven past eight catch up time with

1283
00:59:49,360 --> 00:59:52,360
Speaker 2: Tammy Neilson. She's been back at Willie Nelson studio recording

1284
00:59:52,400 --> 00:59:54,600
Speaker 2: some new music. We also have news of the tour

1285
00:59:54,880 --> 00:59:58,760
Speaker 2: Nielsen Meets Nelson. You like that she'll sing some of

1286
00:59:58,880 --> 01:00:00,840
Speaker 2: the favorites one and Willi Nelson Song Book. Anyway, tim

1287
01:00:00,840 --> 01:00:03,360
Speaker 2: Me Neilsen back, Well, this good morning, good morning. Good

1288
01:00:03,400 --> 01:00:06,080
Speaker 2: to have you back on the program and touring the country.

1289
01:00:06,160 --> 01:00:07,840
Speaker 2: And we'll talk about the tour and we'll talk about

1290
01:00:07,840 --> 01:00:11,160
Speaker 2: the Willy Nelson connection. Uh, last time we talked obviously

1291
01:00:11,280 --> 01:00:14,120
Speaker 2: the song it exploded and you'd met Willy and perform

1292
01:00:14,160 --> 01:00:15,800
Speaker 2: with Willy and all of that sort of stuff. With

1293
01:00:16,040 --> 01:00:19,480
Speaker 2: the passing of time, does it still sort of is

1294
01:00:19,560 --> 01:00:21,120
Speaker 2: it still a pinch me thing for you?

1295
01:00:22,280 --> 01:00:22,920
Speaker 10: Absolutely?

1296
01:00:23,320 --> 01:00:26,200
Speaker 20: Like I still check my phone every once in a

1297
01:00:26,240 --> 01:00:28,960
Speaker 20: while to see if it exists in the world and

1298
01:00:29,360 --> 01:00:33,720
Speaker 20: kind of expect to wake up from this dream that

1299
01:00:34,120 --> 01:00:35,480
Speaker 20: I did a due about with him.

1300
01:00:36,240 --> 01:00:39,360
Speaker 2: Fantastic And the new album. When's the new album drop?

1301
01:00:40,600 --> 01:00:45,160
Speaker 10: The new album Nielsen Sings Nelson is the sixth of September.

1302
01:00:45,800 --> 01:00:48,080
Speaker 2: And how does how does it work when you want

1303
01:00:48,120 --> 01:00:50,960
Speaker 2: to sing do you go into the lounge at Willie's

1304
01:00:51,000 --> 01:00:53,240
Speaker 2: house and go, hey, by the way, Willie, here's my idea.

1305
01:00:53,440 --> 01:00:54,440
Speaker 2: How does that work.

1306
01:00:56,160 --> 01:00:56,360
Speaker 20: Well?

1307
01:00:56,640 --> 01:00:59,200
Speaker 10: In this case, it was actually a surprise for him.

1308
01:00:59,840 --> 01:01:03,440
Speaker 20: The whole reason I recorded the album was he was

1309
01:01:03,520 --> 01:01:06,280
Speaker 20: going to be turning ninety last year and his big

1310
01:01:06,440 --> 01:01:10,320
Speaker 20: milestone birthday, one of many and hopefully more to come.

1311
01:01:11,880 --> 01:01:16,840
Speaker 20: And I actually conspired with his wife, Annie, and I said,

1312
01:01:17,720 --> 01:01:20,200
Speaker 20: you know, we were coming back to Texas to their

1313
01:01:20,320 --> 01:01:23,240
Speaker 20: ranch to play the festival again luck Reunion that's on

1314
01:01:23,320 --> 01:01:25,640
Speaker 20: their ranch. And I said to her, is it okay

1315
01:01:25,720 --> 01:01:28,040
Speaker 20: if we stay in extra few days? Would we be

1316
01:01:28,160 --> 01:01:32,520
Speaker 20: able to use Willie's studio to record these songs for him?

1317
01:01:33,280 --> 01:01:37,000
Speaker 20: And you know, because his studio wasn't really open to

1318
01:01:37,080 --> 01:01:40,320
Speaker 20: the public anymore. It's just kind of his private place

1319
01:01:40,320 --> 01:01:45,080
Speaker 20: where he records his vocals and trigger his guitar. And

1320
01:01:45,840 --> 01:01:49,400
Speaker 20: she said yes, And we used his engineer, Steve Shady,

1321
01:01:49,480 --> 01:01:53,760
Speaker 20: who's a legend, and we went in for like three

1322
01:01:53,880 --> 01:01:56,840
Speaker 20: or four days and just recorded all our favorite Willie

1323
01:01:56,880 --> 01:01:59,960
Speaker 20: Nelson songs. And I kind of joked with him when

1324
01:02:00,080 --> 01:02:01,360
Speaker 20: I gave it to him, I'm like, is this like

1325
01:02:01,520 --> 01:02:08,960
Speaker 20: giving you socks? Because because like everybody records his songs,

1326
01:02:09,080 --> 01:02:11,720
Speaker 20: you know. I mean he's had like people right from

1327
01:02:11,800 --> 01:02:16,080
Speaker 20: Aretha to God. Everybody has recorded a Willie Nelson song.

1328
01:02:16,600 --> 01:02:19,520
Speaker 20: And I've just I guess added to the list of

1329
01:02:19,640 --> 01:02:20,760
Speaker 20: his sock collection.

1330
01:02:21,760 --> 01:02:24,000
Speaker 2: Well, I take it. He didn't go, yes, it is.

1331
01:02:24,120 --> 01:02:26,560
Speaker 2: But I mean what did he did he like what

1332
01:02:26,720 --> 01:02:29,040
Speaker 2: he got? I mean, does he critique it? What does

1333
01:02:29,080 --> 01:02:29,439
Speaker 2: he say?

1334
01:02:30,240 --> 01:02:32,200
Speaker 10: Well, it was really special.

1335
01:02:32,720 --> 01:02:36,840
Speaker 20: I got actually a text from his son Micah on

1336
01:02:37,080 --> 01:02:42,080
Speaker 20: his birthday and he well, actually it was a year later,

1337
01:02:42,200 --> 01:02:45,480
Speaker 20: on his ninety first, because then the vinyl existed, and

1338
01:02:45,640 --> 01:02:49,080
Speaker 20: he said, on his birthday, we sat down and we

1339
01:02:49,240 --> 01:02:53,240
Speaker 20: listened to your whole album and Micah said, he says,

1340
01:02:53,280 --> 01:02:59,640
Speaker 20: it's a masterpiece. Yeah, and he said it was quite emotional.

1341
01:03:00,040 --> 01:03:03,520
Speaker 10: He said it was. He goes, I was surprised to

1342
01:03:05,320 --> 01:03:06,560
Speaker 10: hear these songs.

1343
01:03:06,760 --> 01:03:08,560
Speaker 20: You know, I've heard them a million times, he sung

1344
01:03:08,600 --> 01:03:11,880
Speaker 20: them a million times, even his son Micah has And

1345
01:03:12,040 --> 01:03:14,520
Speaker 20: he said, you know, to hear always on my mind

1346
01:03:14,800 --> 01:03:18,080
Speaker 20: in a way that caught me off guard and surprised

1347
01:03:18,160 --> 01:03:22,680
Speaker 20: me was a really emotional experience. And so like that

1348
01:03:22,920 --> 01:03:26,919
Speaker 20: was the highest praise. So if they love it, then

1349
01:03:27,440 --> 01:03:29,520
Speaker 20: I you know, that's all I really need.

1350
01:03:30,520 --> 01:03:33,040
Speaker 2: Will he says, Nielsen sings the hell out of Nilsen.

1351
01:03:33,080 --> 01:03:35,800
Speaker 2: Tammy's the real deal, and does my song's a great ana?

1352
01:03:36,160 --> 01:03:38,680
Speaker 2: I mean, it doesn't get any better than that, doesn't

1353
01:03:39,320 --> 01:03:39,960
Speaker 2: It doesn't.

1354
01:03:40,080 --> 01:03:42,880
Speaker 20: And when he first sent through his quote it was

1355
01:03:43,320 --> 01:03:47,000
Speaker 20: a little bit less family oriented.

1356
01:03:50,040 --> 01:03:52,040
Speaker 10: There was a different word instead of hell.

1357
01:03:52,360 --> 01:03:54,800
Speaker 20: And I said, I said, Willie, I think we need

1358
01:03:54,880 --> 01:03:56,440
Speaker 20: to make this a little more family friendly.

1359
01:03:57,480 --> 01:03:59,320
Speaker 10: They just they laughed, but.

1360
01:03:59,440 --> 01:04:02,280
Speaker 20: Yeah, I love it.

1361
01:04:03,080 --> 01:04:05,800
Speaker 2: So several questions out of the recording session. How do

1362
01:04:05,920 --> 01:04:08,240
Speaker 2: you give them this so much material? How do you pick?

1363
01:04:08,440 --> 01:04:10,880
Speaker 2: You know, when you say your your favorites, how do

1364
01:04:10,960 --> 01:04:11,480
Speaker 2: you go about that?

1365
01:04:12,400 --> 01:04:14,960
Speaker 20: Honestly, that was the hardest part of the whole thing,

1366
01:04:15,080 --> 01:04:17,280
Speaker 20: was was choosing songs that were favorites.

1367
01:04:17,280 --> 01:04:19,240
Speaker 10: And I tried to kind of go into it.

1368
01:04:20,240 --> 01:04:22,720
Speaker 20: I wanted him to be surprised and not hear just

1369
01:04:22,840 --> 01:04:26,560
Speaker 20: the same old, you know, really really well known covers

1370
01:04:26,640 --> 01:04:30,400
Speaker 20: that we all know. Obviously, songs like always on My

1371
01:04:30,560 --> 01:04:33,640
Speaker 20: Mind are iconic, and so there are a couple of

1372
01:04:33,720 --> 01:04:36,000
Speaker 20: those in there, but I kind of I wanted to

1373
01:04:36,080 --> 01:04:39,200
Speaker 20: surprise him, and so I chose some really deep cuts,

1374
01:04:39,880 --> 01:04:44,160
Speaker 20: ones that you don't hear often mixed with some of

1375
01:04:44,240 --> 01:04:48,680
Speaker 20: the beloved ones, but even songs like I Never Cared

1376
01:04:48,760 --> 01:04:51,640
Speaker 20: for You, which is possibly. I mean, you can't even

1377
01:04:51,720 --> 01:04:54,000
Speaker 20: say what's your favorite Willy song, but one of my

1378
01:04:54,080 --> 01:04:56,200
Speaker 20: all time favorite Willie songs.

1379
01:04:57,400 --> 01:04:57,680
Speaker 10: That's it.

1380
01:04:57,800 --> 01:05:00,720
Speaker 2: That's his wifier, that's any spiper does, yes.

1381
01:05:00,800 --> 01:05:02,760
Speaker 20: And that's why I chose it. I wanted to open

1382
01:05:02,840 --> 01:05:05,880
Speaker 20: the album with that. And he plays it every show

1383
01:05:06,160 --> 01:05:10,640
Speaker 20: because she loves it. And so yeah, that was kind

1384
01:05:10,680 --> 01:05:13,240
Speaker 20: of my way of starting the album, like knowing it

1385
01:05:13,560 --> 01:05:14,760
Speaker 20: it's her favorite song.

1386
01:05:14,880 --> 01:05:16,920
Speaker 10: And so it wasn't just about what.

1387
01:05:17,040 --> 01:05:20,040
Speaker 20: Are the most popular Willy songs. I kind of wanted

1388
01:05:20,080 --> 01:05:21,720
Speaker 20: them to be special to them as well.

1389
01:05:22,200 --> 01:05:24,760
Speaker 2: So not only are you recording Willie's songs, You've got

1390
01:05:24,800 --> 01:05:29,479
Speaker 2: Willy's endorsement, You're at Willy's place, in Willy's studio. That's

1391
01:05:30,040 --> 01:05:32,400
Speaker 2: that's going to be still blowing you mine, doesn't it?

1392
01:05:33,080 --> 01:05:37,080
Speaker 20: Definitely? Like it was just incredible being in that studio.

1393
01:05:38,160 --> 01:05:40,600
Speaker 20: You know, my brother was sitting in the chair that

1394
01:05:40,680 --> 01:05:44,520
Speaker 20: Willy sits while he records in his little recording corner,

1395
01:05:44,640 --> 01:05:50,480
Speaker 20: singing into his mic and getting to like visit you know,

1396
01:05:50,560 --> 01:05:54,840
Speaker 20: his little recording like the Master's Vault, which is just

1397
01:05:54,960 --> 01:05:56,960
Speaker 20: this really unassuming.

1398
01:05:56,480 --> 01:05:58,200
Speaker 10: Room you kind of walk in.

1399
01:05:58,320 --> 01:06:02,000
Speaker 20: It's like a storage room, and but the walls are

1400
01:06:02,120 --> 01:06:07,360
Speaker 20: lined with masters of like Redheaded Stranger and just like

1401
01:06:07,600 --> 01:06:13,000
Speaker 20: all these iconic reel to reels. And yeah, it felt very,

1402
01:06:14,200 --> 01:06:14,960
Speaker 20: very dreamlike.

1403
01:06:15,720 --> 01:06:16,120
Speaker 10: For sure.

1404
01:06:16,360 --> 01:06:17,920
Speaker 2: I'm not surprised it doesn't hold on more than a

1405
01:06:17,920 --> 01:06:20,280
Speaker 2: mine at Tommy Nielsen with Us thirteen past eight.

1406
01:06:21,440 --> 01:06:25,960
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio powered

1407
01:06:26,080 --> 01:06:26,920
Speaker 1: by News Talk.

1408
01:06:26,800 --> 01:06:30,280
Speaker 2: Zippy News Talks sixteen past a Timmy Nielsen's with Us. Now,

1409
01:06:30,320 --> 01:06:31,960
Speaker 2: now I got to ask Tommy, what's the place like,

1410
01:06:32,000 --> 01:06:34,160
Speaker 2: I mean, describe it to me as in as in

1411
01:06:34,240 --> 01:06:36,880
Speaker 2: the ranch you know in Texas where the you know,

1412
01:06:36,960 --> 01:06:39,520
Speaker 2: where he does all is recording. I mean, is it

1413
01:06:39,680 --> 01:06:41,040
Speaker 2: like a compound where they live.

1414
01:06:41,960 --> 01:06:44,560
Speaker 20: Yeah, well, I think it was back in the either

1415
01:06:44,640 --> 01:06:48,160
Speaker 20: the late seventies or early eighties he bought this property.

1416
01:06:48,320 --> 01:06:56,160
Speaker 10: And originally it's a golf a golf course, and there

1417
01:06:56,440 --> 01:06:56,760
Speaker 10: is a.

1418
01:06:57,920 --> 01:07:03,080
Speaker 20: The studio is kind of this renovated the golf club

1419
01:07:03,240 --> 01:07:06,640
Speaker 20: like the country club, and so there's a bunch of

1420
01:07:06,760 --> 01:07:10,880
Speaker 20: like little condos and then there's the whole golf course

1421
01:07:11,200 --> 01:07:15,080
Speaker 20: and then there's this building which is and people still

1422
01:07:15,160 --> 01:07:20,640
Speaker 20: golf on the golf course, and yeah, the studio is

1423
01:07:21,480 --> 01:07:24,880
Speaker 20: it's definitely like I've heard stories of like the Glory Days,

1424
01:07:24,960 --> 01:07:27,120
Speaker 20: you know, where it was like party Central.

1425
01:07:28,200 --> 01:07:29,200
Speaker 10: There was a pool there.

1426
01:07:29,360 --> 01:07:31,919
Speaker 20: There was this pool in the back and people would

1427
01:07:31,960 --> 01:07:33,800
Speaker 20: record and then they go swimming and have a party.

1428
01:07:33,840 --> 01:07:37,280
Speaker 20: And now like the pool is all like concreted over,

1429
01:07:37,520 --> 01:07:40,480
Speaker 20: and I think they had too many issues of locals

1430
01:07:40,560 --> 01:07:43,440
Speaker 20: like jumping in and using the pool and then it

1431
01:07:43,560 --> 01:07:47,800
Speaker 20: was going to cause all these like liability so they Yeah,

1432
01:07:48,760 --> 01:07:52,080
Speaker 20: but yeah, it's just kind of nuts to like walk

1433
01:07:52,120 --> 01:07:56,880
Speaker 20: into this kind of unassuming golf country club kind of

1434
01:07:57,000 --> 01:08:01,440
Speaker 20: vibe and it's very much just now aorage facility for

1435
01:08:01,520 --> 01:08:02,400
Speaker 20: a lot of his things.

1436
01:08:02,440 --> 01:08:02,800
Speaker 1: And then.

1437
01:08:04,800 --> 01:08:08,280
Speaker 10: The studio itself is just basically used by him. So

1438
01:08:08,840 --> 01:08:12,440
Speaker 10: it's it's really yeah, you're you're walking into an archive.

1439
01:08:12,640 --> 01:08:15,520
Speaker 2: Really, that's incredible you on those two reviews. I take it,

1440
01:08:15,560 --> 01:08:17,040
Speaker 2: you know, tell some of these stories as well as

1441
01:08:17,080 --> 01:08:17,960
Speaker 2: sing some songs, aren't you?

1442
01:08:18,680 --> 01:08:20,439
Speaker 10: Absolutely, I'll give you all the juice.

1443
01:08:21,760 --> 01:08:24,320
Speaker 2: What did you do interpretation wise for the songs and

1444
01:08:24,439 --> 01:08:26,519
Speaker 2: and what what's the rule around that when you cover

1445
01:08:26,720 --> 01:08:29,800
Speaker 2: something especially given the connection you have, do you do it?

1446
01:08:30,000 --> 01:08:31,280
Speaker 10: You know, to form?

1447
01:08:31,680 --> 01:08:32,920
Speaker 2: Do you twist it a bit?

1448
01:08:32,960 --> 01:08:33,400
Speaker 15: What do you do?

1449
01:08:34,600 --> 01:08:38,200
Speaker 20: I wanted to wanted the songs to be recognizable, but

1450
01:08:38,400 --> 01:08:41,760
Speaker 20: also and and be you know, respectful and true to

1451
01:08:42,600 --> 01:08:47,360
Speaker 20: the originals. But again, like I think, my whole you know,

1452
01:08:47,439 --> 01:08:49,880
Speaker 20: mindset going into it was was to give him some

1453
01:08:50,120 --> 01:08:54,479
Speaker 20: surprises and so it would be like maybe tweaking like

1454
01:08:54,600 --> 01:08:56,080
Speaker 20: the feel or the tempo.

1455
01:08:57,320 --> 01:08:59,240
Speaker 10: But really I wanted to go in my.

1456
01:08:59,439 --> 01:09:03,479
Speaker 20: Original eye was just me and my brother acoustic, no

1457
01:09:03,640 --> 01:09:07,280
Speaker 20: other instruments, like just honoring the song and the lyrics

1458
01:09:09,120 --> 01:09:11,840
Speaker 20: and keep it really sparse. And the album is still

1459
01:09:11,920 --> 01:09:15,320
Speaker 20: quite sparse, but we ended up my other brother came

1460
01:09:15,400 --> 01:09:18,800
Speaker 20: and filmed everything while we were there, and he's also

1461
01:09:18,880 --> 01:09:21,800
Speaker 20: a drummer. So it kind of also marked the first

1462
01:09:21,880 --> 01:09:25,400
Speaker 20: time the three of us performed together since we were

1463
01:09:25,439 --> 01:09:28,040
Speaker 20: in a family band when we were kids. It was

1464
01:09:28,160 --> 01:09:31,000
Speaker 20: like twenty years, but it was just like you know,

1465
01:09:31,439 --> 01:09:33,679
Speaker 20: riding a bike or slipping on an old pair of shoes.

1466
01:09:34,800 --> 01:09:38,280
Speaker 20: We started playing and the songs that you hear are

1467
01:09:38,360 --> 01:09:41,200
Speaker 20: literally like one or two takes and the first time

1468
01:09:41,240 --> 01:09:46,360
Speaker 20: we've ever played them together. So that is also very

1469
01:09:46,479 --> 01:09:51,439
Speaker 20: much kind of honoring the Nelson tradition. Willie always wrangles

1470
01:09:51,479 --> 01:09:54,839
Speaker 20: in family, you know, whenever you even see his posters,

1471
01:09:54,920 --> 01:10:00,160
Speaker 20: it's Willie Nelson and the family. And so so I

1472
01:10:00,200 --> 01:10:02,639
Speaker 20: think that's also why we connect so deeply with them,

1473
01:10:02,840 --> 01:10:09,120
Speaker 20: is incorporating family into things and and things not having

1474
01:10:09,200 --> 01:10:10,120
Speaker 20: to be perfect.

1475
01:10:10,200 --> 01:10:10,360
Speaker 5: You know.

1476
01:10:10,479 --> 01:10:12,960
Speaker 20: I love that things are live and a little bit

1477
01:10:13,080 --> 01:10:17,040
Speaker 20: rough and tumble and a little bit of rough around

1478
01:10:17,080 --> 01:10:21,000
Speaker 20: the edges. And I think that is definitely Willie Nelson.

1479
01:10:21,080 --> 01:10:24,960
Speaker 20: You know, he's not mister smooth and slick, you know,

1480
01:10:25,479 --> 01:10:28,760
Speaker 20: you like that bit of bit of rugged, little bit

1481
01:10:28,800 --> 01:10:29,679
Speaker 20: of danger in there.

1482
01:10:30,400 --> 01:10:30,640
Speaker 9: It is.

1483
01:10:31,000 --> 01:10:33,560
Speaker 2: It's such a special thing that you've got, and you

1484
01:10:33,680 --> 01:10:35,640
Speaker 2: know that that's evolved between the two of you, and

1485
01:10:35,720 --> 01:10:39,320
Speaker 2: it's brilliant. And so so the tour, the album, and

1486
01:10:39,439 --> 01:10:41,160
Speaker 2: then before we come to it, you told me you've

1487
01:10:41,160 --> 01:10:42,960
Speaker 2: got another album. So you've got the album which isn't

1488
01:10:43,000 --> 01:10:45,559
Speaker 2: even out. So once that, you've got the album after

1489
01:10:45,640 --> 01:10:47,200
Speaker 2: the one that's not even out, so you just like

1490
01:10:47,360 --> 01:10:49,120
Speaker 2: you're just turning them out like dollar bills.

1491
01:10:49,160 --> 01:10:54,240
Speaker 10: Tammy, right, man, I wish I could turn dollar bills

1492
01:10:54,280 --> 01:10:58,479
Speaker 10: out like that. I'm a musician. We don't do that.

1493
01:11:00,160 --> 01:11:02,519
Speaker 2: And lovely to catch up with you again. Good luck

1494
01:11:02,560 --> 01:11:04,080
Speaker 2: with the album and good luck with the tour and

1495
01:11:04,200 --> 01:11:05,160
Speaker 2: we'll talk again soon.

1496
01:11:05,479 --> 01:11:06,080
Speaker 10: Thanks mate.

1497
01:11:06,280 --> 01:11:09,800
Speaker 2: Fantastic Tommy Nielsen. The shows by the way Wellington, christ

1498
01:11:09,920 --> 01:11:13,479
Speaker 2: Church and Auckland in October, So if you want to

1499
01:11:13,520 --> 01:11:15,240
Speaker 2: go everywhere from the Opera House to the town Hall

1500
01:11:15,280 --> 01:11:18,160
Speaker 2: to the Isaac Theater Royal in christ Church. Timmy Nielson

1501
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Speaker 2: eight twenty one, The.

1502
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Speaker 2: and fully connected infertainment system. Because rain Drover understands that

1514
01:11:52,640 --> 01:11:55,479
Speaker 2: luxury is about more than just looks, it has been

1515
01:11:55,560 --> 01:12:00,600
Speaker 2: judged the most beautifully designed vehicle on the planet. This

1516
01:12:00,760 --> 01:12:02,800
Speaker 2: is the Vala. The rain Drover of Vila brings a

1517
01:12:02,920 --> 01:12:06,360
Speaker 2: unique blend of glamour and elegance to the rain Drover family. Design,

1518
01:12:06,439 --> 01:12:09,800
Speaker 2: excellence in engineering, integrity their standard, and with more recent

1519
01:12:09,920 --> 01:12:12,200
Speaker 2: upgrades to the drive technology and the interiors, the rain

1520
01:12:12,280 --> 01:12:14,960
Speaker 2: Drover VLA has been even further refined in its role

1521
01:12:15,040 --> 01:12:17,400
Speaker 2: within the rain Drover lineup. And what a lineup it is.

1522
01:12:17,680 --> 01:12:19,200
Speaker 2: If you want to be ahead of the curve, this

1523
01:12:19,360 --> 01:12:21,160
Speaker 2: is the one for you, the Vala. Contact your nearest

1524
01:12:21,200 --> 01:12:26,560
Speaker 2: retailer for more information on the fabulous rain Drover Vlaski

1525
01:12:26,920 --> 01:12:30,880
Speaker 2: twenty five. Mike Family Visit La twenty eleven. Stumble across

1526
01:12:30,920 --> 01:12:33,000
Speaker 2: Willia and his son playing at the Canyon Club up

1527
01:12:33,040 --> 01:12:35,840
Speaker 2: in the hills of Malibu. Small stand up corral type bar,

1528
01:12:36,360 --> 01:12:41,320
Speaker 2: Danny de Vito, Rhea Perlman in the booth sitting behind us. Surreal, amazing, Ah,

1529
01:12:41,560 --> 01:12:44,280
Speaker 2: what a story. We're standing by for the ComCom report

1530
01:12:44,320 --> 01:12:46,559
Speaker 2: into banking. I'm assuming, as I refer to the draft

1531
01:12:46,640 --> 01:12:49,240
Speaker 2: report that the final report this morning will say pretty

1532
01:12:49,280 --> 01:12:52,680
Speaker 2: much what the draft report said. Competition overall is limited, sporadic,

1533
01:12:53,080 --> 01:12:56,240
Speaker 2: and not sustained. Overall. We do not currently face strong

1534
01:12:56,280 --> 01:12:59,040
Speaker 2: competition in this country? Are the four main players dominate

1535
01:12:59,080 --> 01:13:02,360
Speaker 2: the market? Smaller pers do not provide meaningful competition? Was

1536
01:13:02,439 --> 01:13:05,439
Speaker 2: their assessment of matters back in March of last year.

1537
01:13:05,520 --> 01:13:07,200
Speaker 2: Was it March of last year or much of this year,

1538
01:13:07,280 --> 01:13:11,400
Speaker 2: It doesn't matter. They lack scale fundamentally. This is where

1539
01:13:11,479 --> 01:13:15,040
Speaker 2: Keywi Bank comes in. What will the government do with Kiwibank?

1540
01:13:15,720 --> 01:13:18,320
Speaker 2: Will they bring in some sort of investment, scale it

1541
01:13:18,520 --> 01:13:21,600
Speaker 2: to a point whereby they can be a genuine competitor

1542
01:13:22,200 --> 01:13:24,479
Speaker 2: in the marketplace? Will they look to sell it? What

1543
01:13:24,600 --> 01:13:27,719
Speaker 2: will they do? Regulation of the banking sector impede's competition?

1544
01:13:28,080 --> 01:13:28,599
Speaker 9: Was their.

1545
01:13:30,160 --> 01:13:32,519
Speaker 2: The result of their thinking recommends changes to some of

1546
01:13:32,560 --> 01:13:33,960
Speaker 2: the regad This is where it gets a bit wooly.

1547
01:13:34,640 --> 01:13:37,800
Speaker 2: Recommends changes to some of the regulations. Regulatory barriers to

1548
01:13:38,040 --> 01:13:41,439
Speaker 2: entry an expansion. I don't know this's necessarily a barrier

1549
01:13:41,520 --> 01:13:44,479
Speaker 2: to entering this country. There's a lot of banks are

1550
01:13:44,479 --> 01:13:47,360
Speaker 2: they're just not particularly big or as successful as they

1551
01:13:47,400 --> 01:13:52,080
Speaker 2: might be. Allegedly, we should be better supporting competition. That's

1552
01:13:52,160 --> 01:13:54,400
Speaker 2: a broad statement we'd all agree with. How do you

1553
01:13:54,479 --> 01:13:57,679
Speaker 2: go about it? As the key there's impediments to innovation

1554
01:13:57,760 --> 01:14:01,400
Speaker 2: by FinTechs. We need to empower the consumer through regulation.

1555
01:14:01,560 --> 01:14:03,400
Speaker 2: How do we do that? I mean, they would argue

1556
01:14:03,479 --> 01:14:06,160
Speaker 2: open banking. I've done a bit of reading on open banking.

1557
01:14:06,240 --> 01:14:09,640
Speaker 2: It's available in Australia. Open banking didn't really change the landscape.

1558
01:14:09,920 --> 01:14:12,080
Speaker 2: The ability to swap easily from one bank to another

1559
01:14:12,120 --> 01:14:15,600
Speaker 2: didn't dynamically change the market. So what they get and

1560
01:14:15,640 --> 01:14:17,840
Speaker 2: what they say am going to be the one of

1561
01:14:17,880 --> 01:14:19,639
Speaker 2: the stories of the day. And that report is about

1562
01:14:19,640 --> 01:14:21,439
Speaker 2: to drop in a moment now. We will give you

1563
01:14:21,560 --> 01:14:24,720
Speaker 2: the headlines right after the news, which is next. You're

1564
01:14:24,760 --> 01:14:25,920
Speaker 2: a news talk zedb.

1565
01:14:27,280 --> 01:14:31,439
Speaker 1: You're trusted home for news, for entertain opinion and Mike

1566
01:14:31,680 --> 01:14:34,680
Speaker 1: the Mike Hosking breakfast with the range Rover vi LA

1567
01:14:35,120 --> 01:14:38,280
Speaker 1: designed to intrigue and use togs dB as.

1568
01:14:38,280 --> 01:14:42,040
Speaker 2: I suspected confirmation of what the Commerce Commission has been

1569
01:14:42,120 --> 01:14:44,519
Speaker 2: saying about banking. The final report just out at eight

1570
01:14:44,600 --> 01:14:47,920
Speaker 2: thirty Open banking. I wouldn't hold in a breath on that.

1571
01:14:48,200 --> 01:14:50,760
Speaker 2: If you're holding your breath on that, But they've authorized

1572
01:14:50,760 --> 01:14:52,559
Speaker 2: Payments New Zealand to carry on and do a bit

1573
01:14:52,600 --> 01:14:54,920
Speaker 2: of negotiation over the next eighteen months. Payments to New

1574
01:14:55,000 --> 01:14:57,200
Speaker 2: Zealand as a company that they've decided will sort of

1575
01:14:57,320 --> 01:14:59,599
Speaker 2: organize this and sort something out. So that's the open

1576
01:14:59,720 --> 01:15:03,320
Speaker 2: bank side of the equation. As far as the report

1577
01:15:03,360 --> 01:15:07,639
Speaker 2: itself is concerned. The Bloker runs the commission, the chair

1578
01:15:07,720 --> 01:15:11,960
Speaker 2: John Small. He says the time since the draft report

1579
01:15:12,000 --> 01:15:13,840
Speaker 2: in March. It was March this year, right, So since

1580
01:15:13,840 --> 01:15:16,719
Speaker 2: their draft report in March this year has only served

1581
01:15:16,760 --> 01:15:20,240
Speaker 2: to reinforce our view that competition isn't working as it

1582
01:15:20,280 --> 01:15:22,880
Speaker 2: should in the sector and key we consumers are missing

1583
01:15:22,960 --> 01:15:26,000
Speaker 2: out as a result. We would expect to see if

1584
01:15:26,040 --> 01:15:28,880
Speaker 2: we had well functioning competition, we would expect to see

1585
01:15:29,000 --> 01:15:32,000
Speaker 2: more aggressive strategies to win customers from other banks. What

1586
01:15:32,160 --> 01:15:34,280
Speaker 2: we see in New Zealand is that major banks have

1587
01:15:34,400 --> 01:15:38,280
Speaker 2: little strategic differentiation and their growth targets focus on maintaining

1588
01:15:38,360 --> 01:15:42,040
Speaker 2: market share and protecting margins and profitability. So everything they

1589
01:15:42,160 --> 01:15:45,320
Speaker 2: saw in the draft report they have reiterated in the

1590
01:15:45,360 --> 01:15:47,519
Speaker 2: final report. The government will speak to this later on

1591
01:15:47,640 --> 01:15:50,519
Speaker 2: today and you heard Chrystal lux and earlier on. This

1592
01:15:50,680 --> 01:15:52,400
Speaker 2: is a government for doing stuff and they will be

1593
01:15:52,479 --> 01:15:54,880
Speaker 2: doing stuff as far as Kiwibank's concerned, and this is

1594
01:15:55,080 --> 01:15:59,840
Speaker 2: probably the most specific in directing the government can do

1595
01:16:00,000 --> 01:16:03,320
Speaker 2: so capitalizing the government. This is ComCom again. The government,

1596
01:16:03,880 --> 01:16:06,960
Speaker 2: as Qwibank's owner, should consider what is necessary to make

1597
01:16:07,040 --> 01:16:10,680
Speaker 2: Queybank a disruptive competitor, including how to provide it with

1598
01:16:10,880 --> 01:16:13,800
Speaker 2: access to more capital. So Nikola Willis has been talking

1599
01:16:13,880 --> 01:16:17,880
Speaker 2: extensively about that, and that ranges from everything from do

1600
01:16:18,000 --> 01:16:22,200
Speaker 2: you get a major investor something like a superannuation fund

1601
01:16:22,240 --> 01:16:24,720
Speaker 2: to throw money into it? Do you seal it off?

1602
01:16:24,920 --> 01:16:25,400
Speaker 18: What do you do?

1603
01:16:25,560 --> 01:16:27,280
Speaker 2: So we'll be looking forward with a great deal of

1604
01:16:27,320 --> 01:16:29,000
Speaker 2: interest to what they've got to say about that later

1605
01:16:29,080 --> 01:16:32,240
Speaker 2: in the day. But the conclusion could not be more clear.

1606
01:16:32,400 --> 01:16:35,519
Speaker 2: We do not have a banking sector in this country

1607
01:16:36,000 --> 01:16:38,559
Speaker 2: that functions as it should. Twenty one to.

1608
01:16:38,640 --> 01:16:42,840
Speaker 13: Nine International Correspondence with ends and eye Insurance, Peace of

1609
01:16:42,960 --> 01:16:44,240
Speaker 13: mind for New Zealand business.

1610
01:16:44,400 --> 01:16:47,200
Speaker 2: Okay, down Rob little morning mate, Good morning to you mate.

1611
01:16:47,400 --> 01:16:50,360
Speaker 2: We're particularly interested, of course, in this yacht disaster. Give

1612
01:16:50,360 --> 01:16:52,559
Speaker 2: them as a New Zealander or a New Zealand born

1613
01:16:52,680 --> 01:16:56,519
Speaker 2: citizen on there apparently, But what do you know from

1614
01:16:56,600 --> 01:16:57,960
Speaker 2: your end what happened here?

1615
01:16:58,800 --> 01:17:01,880
Speaker 16: Well, it seems to have been you would know the

1616
01:17:02,000 --> 01:17:05,479
Speaker 16: terminology better than me. You need u Kiwis but it

1617
01:17:05,560 --> 01:17:10,840
Speaker 16: seems to have been moored off Porticello near Palermo, off

1618
01:17:10,920 --> 01:17:15,639
Speaker 16: the coast of Sicily during what was an uncommonly rare

1619
01:17:17,560 --> 01:17:22,080
Speaker 16: storm which hit the boat as it was mooreds masted,

1620
01:17:22,200 --> 01:17:26,920
Speaker 16: was stapped in half. The yachts seem to lose all

1621
01:17:27,120 --> 01:17:31,559
Speaker 16: balance and capsized. That's all we know at the moment,

1622
01:17:32,160 --> 01:17:34,080
Speaker 16: and we know that there were twenty two people on

1623
01:17:34,200 --> 01:17:37,720
Speaker 16: board that aside from the New Zealand, there were also

1624
01:17:37,800 --> 01:17:42,360
Speaker 16: people from the US, Canada, Sri Lanka, Ireland, but primarily

1625
01:17:43,280 --> 01:17:47,960
Speaker 16: it was Brits. And we know that there is certainly

1626
01:17:48,080 --> 01:17:50,880
Speaker 16: one person who's died, but there are six who are missing.

1627
01:17:51,760 --> 01:17:55,400
Speaker 16: And the one who's attracting the attention, of course, as

1628
01:17:55,479 --> 01:17:59,080
Speaker 16: you would, is Mike Lynch, who is sometimes referred to

1629
01:17:59,680 --> 01:18:05,120
Speaker 16: as Written's Bill Gates. He's a high tech entrepreneur who

1630
01:18:05,360 --> 01:18:08,519
Speaker 16: has had his brushes with authority in the past, but

1631
01:18:08,640 --> 01:18:11,320
Speaker 16: it's generally regarded as a very very cup of bloke

1632
01:18:11,479 --> 01:18:16,000
Speaker 16: and indeed a very very successful entrepreneur. And his eighteen

1633
01:18:16,080 --> 01:18:18,639
Speaker 16: year old daughter Hannah is also missing as well.

1634
01:18:19,000 --> 01:18:21,639
Speaker 2: Exactly all right, Well, we'll stide across Lily what happened?

1635
01:18:21,680 --> 01:18:24,760
Speaker 2: And funny somebody text me about the supermoon the other day,

1636
01:18:25,000 --> 01:18:27,519
Speaker 2: yesterday in fact, and I saw the moon and at

1637
01:18:27,560 --> 01:18:29,840
Speaker 2: no point did I go, my god, that's big and blue.

1638
01:18:30,000 --> 01:18:32,080
Speaker 2: So obviously it looks different in your part of the

1639
01:18:32,120 --> 01:18:33,000
Speaker 2: world than it does here.

1640
01:18:33,520 --> 01:18:36,639
Speaker 16: No, it doesn't look blue. It looks a bit bigger.

1641
01:18:37,920 --> 01:18:41,160
Speaker 16: It's very interesting, you know. I don't know what's happened

1642
01:18:41,840 --> 01:18:44,280
Speaker 16: with the world, but we seem to be getting more

1643
01:18:44,320 --> 01:18:47,920
Speaker 16: and more of these supermoons. I'm sure they're meant to

1644
01:18:48,000 --> 01:18:50,720
Speaker 16: be sort of at irregular pace, but in the last

1645
01:18:50,800 --> 01:18:53,840
Speaker 16: ten years it's red to oban newspaper not read that

1646
01:18:53,880 --> 01:18:56,519
Speaker 16: there's a supermoon about to come and that that will

1647
01:18:56,600 --> 01:19:00,559
Speaker 16: portend all sorts of ill omens, such as World War

1648
01:19:00,640 --> 01:19:04,479
Speaker 16: armageddon and the coming of the Messiah. Mike, I hope

1649
01:19:04,479 --> 01:19:10,720
Speaker 16: you're ready for that. This one is supposedly exceedingly rare

1650
01:19:10,920 --> 01:19:14,439
Speaker 16: in that it is a blue supermoon, So a superman

1651
01:19:14,520 --> 01:19:16,720
Speaker 16: we get three to four times a year when the

1652
01:19:16,760 --> 01:19:20,760
Speaker 16: moon's that it's closest to Earth. But a blue moon

1653
01:19:21,000 --> 01:19:25,720
Speaker 16: is the second full moon in a calendar months, which

1654
01:19:25,800 --> 01:19:29,120
Speaker 16: happens obviously only four years, only once every four years,

1655
01:19:29,600 --> 01:19:32,760
Speaker 16: so this is very very rare and it's due to

1656
01:19:33,560 --> 01:19:37,960
Speaker 16: appear exactly now, Mike. So when we're finished, I'm going

1657
01:19:38,000 --> 01:19:41,160
Speaker 16: to go outside and try to peer through the rain

1658
01:19:41,280 --> 01:19:43,800
Speaker 16: which is pouring down and the clouds which are covering

1659
01:19:43,840 --> 01:19:46,640
Speaker 16: the skies up here in the northeast of England, to

1660
01:19:46,720 --> 01:19:49,040
Speaker 16: see if I can see this phenomena. There are loads

1661
01:19:49,080 --> 01:19:51,880
Speaker 16: of other phenomena. August is a great month in the

1662
01:19:51,960 --> 01:19:58,240
Speaker 16: Northern Hemisphere and particularly Britain for astronomical phenomena. We get

1663
01:19:58,280 --> 01:20:03,680
Speaker 16: the play these asteroids coming down to Earth which are

1664
01:20:03,760 --> 01:20:08,200
Speaker 16: easily seen and they just look like sort of rather

1665
01:20:08,439 --> 01:20:14,880
Speaker 16: bad fireworks. And we also get, unusually for summer, the

1666
01:20:15,040 --> 01:20:19,680
Speaker 16: Northern Lights, which were seen recently as far south as Lincolnshire.

1667
01:20:19,840 --> 01:20:22,439
Speaker 2: Wow. Actually, well I've got you Ron help me out here.

1668
01:20:23,160 --> 01:20:25,360
Speaker 2: Story I'm reading over the weekend about this is the

1669
01:20:25,400 --> 01:20:27,479
Speaker 2: new government and the pressure must be on given what

1670
01:20:27,560 --> 01:20:30,880
Speaker 2: they did with Rwanda. Labor told to urgently get a grip.

1671
01:20:31,080 --> 01:20:34,920
Speaker 2: Five hundred illegal migrants arrived from the English Channel in

1672
01:20:35,080 --> 01:20:39,280
Speaker 2: one single day over the weekend. That surely can't continue.

1673
01:20:40,560 --> 01:20:43,679
Speaker 16: If we'll continue, it'll continue for the next four years.

1674
01:20:44,120 --> 01:20:46,400
Speaker 16: I don't think that the Labor Party has the Labor

1675
01:20:46,439 --> 01:20:51,080
Speaker 16: government has any plans whatsoever to actually cope with this

1676
01:20:52,320 --> 01:20:55,679
Speaker 16: huge influx of people, the majority of which in faders

1677
01:20:55,720 --> 01:20:59,160
Speaker 16: don't come on boats across from Calais, the majority coming

1678
01:20:59,320 --> 01:21:03,599
Speaker 16: perfectly eagerly, six hundred and fifty thousand of them last year,

1679
01:21:04,360 --> 01:21:07,160
Speaker 16: which is a huge problem with depresses wages, et cetera,

1680
01:21:07,280 --> 01:21:12,000
Speaker 16: et cetera, causes social problems, etc. They don't seem to

1681
01:21:12,080 --> 01:21:15,200
Speaker 16: have a plan for the vikrants. The idea before the

1682
01:21:15,240 --> 01:21:19,040
Speaker 16: election was that they would was that they would try

1683
01:21:19,120 --> 01:21:22,000
Speaker 16: to hunt down the traffickers. Well, we've been trying to

1684
01:21:22,120 --> 01:21:28,759
Speaker 16: do that for fifteen years. Hasn't worked. So they certainly

1685
01:21:28,840 --> 01:21:34,320
Speaker 16: have no other plan than Ruanda and this will continue,

1686
01:21:34,400 --> 01:21:37,360
Speaker 16: I promise you for the next four to five years.

1687
01:21:37,479 --> 01:21:39,560
Speaker 2: Well we'll see you on Thursday, Roderck. I appreciate you

1688
01:21:39,640 --> 01:21:41,439
Speaker 2: turned Rod a little out of the UK. It's sixteen

1689
01:21:41,479 --> 01:21:44,880
Speaker 2: minutes away from nine gus quickly. The guy they're talking

1690
01:21:44,880 --> 01:21:47,120
Speaker 2: about this morning, this guy Mike Lynch on the boat.

1691
01:21:47,520 --> 01:21:50,160
Speaker 2: His story is an interesting one. He's Some of the

1692
01:21:50,200 --> 01:21:52,960
Speaker 2: people on board that boat were celebrating his victory in

1693
01:21:53,000 --> 01:21:55,040
Speaker 2: San Francisco in a court case which has been going

1694
01:21:55,080 --> 01:21:56,960
Speaker 2: on for thirteen years. There were lawyers and capital of

1695
01:21:57,040 --> 01:22:00,519
Speaker 2: fun all sorts of people like that on board New Zealand.

1696
01:22:00,600 --> 01:22:04,479
Speaker 2: Link is a lawyer who's been practicing as a lawyer

1697
01:22:04,479 --> 01:22:06,160
Speaker 2: for a number of years in that part of the world. Anyway,

1698
01:22:06,240 --> 01:22:09,400
Speaker 2: this legal dispute was with HP, a name you will

1699
01:22:09,400 --> 01:22:11,920
Speaker 2: be well aware of. He was found not guilty of

1700
01:22:12,240 --> 01:22:16,479
Speaker 2: fraud thirteen year fight. As part of that, he's vowed

1701
01:22:16,600 --> 01:22:19,120
Speaker 2: or did vow, to fight to reform Britain's extradition laws

1702
01:22:19,160 --> 01:22:21,120
Speaker 2: because he was flown out of Britain to San Francisco

1703
01:22:21,200 --> 01:22:25,360
Speaker 2: to face that particular that particular case. So he graduates

1704
01:22:25,400 --> 01:22:29,599
Speaker 2: from Cambridge, starts a company called Autonomy. It's a software company,

1705
01:22:29,680 --> 01:22:32,559
Speaker 2: sets it up in ninety six and that basically used

1706
01:22:32,800 --> 01:22:37,000
Speaker 2: statistical analysis to help businesses manage their data. That grew rapidly.

1707
01:22:37,640 --> 01:22:41,479
Speaker 2: Sold it to HP for seventeen billion dollars back in

1708
01:22:41,520 --> 01:22:44,519
Speaker 2: twenty eleven. He then founds a thing called dark Trace,

1709
01:22:44,560 --> 01:22:47,120
Speaker 2: which is a cybersecurity company, sets up a venture capital

1710
01:22:47,160 --> 01:22:50,920
Speaker 2: firm called in Vote Capital that backs other startups. HP

1711
01:22:51,080 --> 01:22:53,080
Speaker 2: and this is where it gets ugly. Having bought that

1712
01:22:53,120 --> 01:22:56,360
Speaker 2: company for seventeen billion, wrote most of the value off

1713
01:22:57,160 --> 01:23:00,960
Speaker 2: after acquiring it because they accused lynship exaggering the success

1714
01:23:01,000 --> 01:23:04,000
Speaker 2: of the company. So in twenty twenty two, Lynch lost

1715
01:23:04,120 --> 01:23:06,720
Speaker 2: an eight billion dollar fraud dispute against HP in the

1716
01:23:06,800 --> 01:23:11,040
Speaker 2: British court, which later led to the US filing criminal

1717
01:23:11,160 --> 01:23:14,599
Speaker 2: fraud chargers and they extradited him out. He went there,

1718
01:23:14,720 --> 01:23:18,000
Speaker 2: fought that and won. So he was on that yacht.

1719
01:23:18,560 --> 01:23:20,160
Speaker 2: Celebrated eight to forty.

1720
01:23:19,920 --> 01:23:25,520
Speaker 1: Five the Mike Asking Breakfast Full Show podcast on iHeartRadio

1721
01:23:25,760 --> 01:23:27,040
Speaker 1: powered by News Talks AB.

1722
01:23:27,680 --> 01:23:30,439
Speaker 2: Actually, speaking of courts, I note that Bayer in America

1723
01:23:30,520 --> 01:23:33,200
Speaker 2: has also found a judge they like. This is the

1724
01:23:33,280 --> 01:23:34,880
Speaker 2: round Up case been going on for years, of course,

1725
01:23:34,920 --> 01:23:37,720
Speaker 2: they found the Third US Circuit Court of Appeals in Philadelphia.

1726
01:23:38,240 --> 01:23:40,639
Speaker 2: It's against a guy called Schaffner who's made a claim

1727
01:23:40,680 --> 01:23:42,439
Speaker 2: along with many other thousands of people have made a

1728
01:23:42,479 --> 01:23:45,400
Speaker 2: claim against you Roundup over the years. One hundred and

1729
01:23:45,439 --> 01:23:49,799
Speaker 2: sixty five thousand charges. Roughly fifty four thousand reportedly remain.

1730
01:23:50,960 --> 01:23:53,479
Speaker 2: They and we reported it on the time they reached

1731
01:23:53,520 --> 01:23:56,400
Speaker 2: an eleven billion dollar settlement. Hope it would all go away.

1732
01:23:56,479 --> 01:23:59,120
Speaker 2: But anyway, this guy Shafner was diagnosed with non Hodgkins

1733
01:23:59,240 --> 01:24:02,639
Speaker 2: lamp fomer back in two thousand and six. They sued

1734
01:24:02,680 --> 01:24:07,040
Speaker 2: Moncano in May of twenty nineteen. Anyway, they got the

1735
01:24:07,120 --> 01:24:10,960
Speaker 2: judge they needed. The problem is that it goes against

1736
01:24:11,000 --> 01:24:13,679
Speaker 2: a lot of other court cases who have argued differently.

1737
01:24:14,439 --> 01:24:17,080
Speaker 2: So what Baya now want is for the Supreme Court

1738
01:24:17,200 --> 01:24:20,120
Speaker 2: to involve themselves and you know, make ab sort of

1739
01:24:20,160 --> 01:24:21,960
Speaker 2: a once and for all type rulings. So that'll be

1740
01:24:22,000 --> 01:24:26,040
Speaker 2: interesting to follow, Mike, so interesting. Interested that people have

1741
01:24:26,120 --> 01:24:28,880
Speaker 2: fallen for this, Mike Prime Minister says one thousand families

1742
01:24:28,920 --> 01:24:31,679
Speaker 2: with kids moved out of motels into warm, dry homes. Really,

1743
01:24:32,080 --> 01:24:34,680
Speaker 2: Minister Potucker and MSD don't know where they are. You

1744
01:24:34,800 --> 01:24:36,160
Speaker 2: need to call this out, call it up for what

1745
01:24:36,600 --> 01:24:39,320
Speaker 2: we had pot Tucker on the program last week. You

1746
01:24:39,400 --> 01:24:41,360
Speaker 2: sound like you've been reading Radio New Zealand. They did

1747
01:24:41,400 --> 01:24:43,880
Speaker 2: the same thing. It's like the reportage that they're doing

1748
01:24:43,960 --> 01:24:46,439
Speaker 2: this morning on the Auckland crime crimes down thirty five percent.

1749
01:24:47,160 --> 01:24:48,760
Speaker 2: They went out and found a person who doesn't think

1750
01:24:48,800 --> 01:24:51,040
Speaker 2: that's true. Well, I mean, you know, whipped, what's the

1751
01:24:51,080 --> 01:24:53,000
Speaker 2: point of that? Do you want to believe things or not?

1752
01:24:53,439 --> 01:24:55,720
Speaker 2: And let me ask yourself this question. Ask yourself this

1753
01:24:55,840 --> 01:24:59,639
Speaker 2: question with Potucker. So if you're unemployed and you're receiving

1754
01:24:59,640 --> 01:25:02,360
Speaker 2: the job seeker, and then this afternoon you get off

1755
01:25:02,400 --> 01:25:03,600
Speaker 2: at a job and you go get a job, and

1756
01:25:03,640 --> 01:25:06,120
Speaker 2: you ring the you ring the wealthy departments say, don't

1757
01:25:06,160 --> 01:25:08,080
Speaker 2: need any more. I'm starting on Monday in my new job.

1758
01:25:08,160 --> 01:25:09,560
Speaker 2: Are they going to ask you where you're going, what

1759
01:25:09,640 --> 01:25:11,800
Speaker 2: your addresses? Of course they're not. All they're going to

1760
01:25:11,840 --> 01:25:14,040
Speaker 2: know is that you are no longer on the unemployment list.

1761
01:25:14,360 --> 01:25:17,160
Speaker 2: When you leave the state's care, they don't follow you up.

1762
01:25:17,240 --> 01:25:19,439
Speaker 2: Are you okay? You still need to me? It doesn't

1763
01:25:19,520 --> 01:25:22,160
Speaker 2: work that way. So this idea that somehow people move

1764
01:25:22,240 --> 01:25:25,040
Speaker 2: on with their life and the government needs to track

1765
01:25:25,120 --> 01:25:27,519
Speaker 2: them as to where they are, what they're doing, and

1766
01:25:27,640 --> 01:25:30,920
Speaker 2: where exactly they went is absurd. Just stop, pull back

1767
01:25:30,960 --> 01:25:32,639
Speaker 2: and think about it for a moment. Nine minutes away

1768
01:25:32,680 --> 01:25:33,280
Speaker 2: from nine.

1769
01:25:35,320 --> 01:25:40,600
Speaker 1: The my Hosking breakfast with a Vita Retirement Communities News togsad.

1770
01:25:40,160 --> 01:25:42,960
Speaker 2: Be Life update from the other day on Friday. The

1771
01:25:43,040 --> 01:25:47,600
Speaker 2: person who suggested for my sink our sink, the dishwasher

1772
01:25:47,640 --> 01:25:51,120
Speaker 2: tabs works a treat. Incredible, absolutely incredible, just like one

1773
01:25:51,160 --> 01:25:54,120
Speaker 2: of those Oh my god, that's how successful it is.

1774
01:25:54,320 --> 01:25:56,680
Speaker 2: That's brilliant. So what did you do with them? We

1775
01:25:56,920 --> 01:25:59,120
Speaker 2: melt them in the water and you leave it overnight

1776
01:25:59,200 --> 01:26:00,720
Speaker 2: and it cleans a set like you've never seen a

1777
01:26:00,760 --> 01:26:02,600
Speaker 2: since clean before in your life. Just simple as that.

1778
01:26:02,760 --> 01:26:04,840
Speaker 2: Or you put dishwashing powder and tabor a powder whatever

1779
01:26:04,920 --> 01:26:08,439
Speaker 2: you like. Absolutely brilliant. Having said that, and I've not

1780
01:26:08,520 --> 01:26:10,760
Speaker 2: seen it. This morning, a product did arrive that we

1781
01:26:10,840 --> 01:26:14,519
Speaker 2: had ordered from Germany, so Germanic. We have no idea

1782
01:26:14,600 --> 01:26:16,599
Speaker 2: what to do with it. But it's a small bottle

1783
01:26:16,680 --> 01:26:19,679
Speaker 2: that costs a lot, so we I think used it sparingly.

1784
01:26:19,800 --> 01:26:21,719
Speaker 2: That may well help as well. But the dishwasher tabs

1785
01:26:21,760 --> 01:26:26,320
Speaker 2: actually work. Ridicio update Ridicio in the print and bed

1786
01:26:26,360 --> 01:26:31,360
Speaker 2: shop the other day. Small Ridicio probably combined the shape

1787
01:26:31,400 --> 01:26:34,360
Speaker 2: and size of, if you were lucky, two tennis balls,

1788
01:26:34,720 --> 01:26:36,800
Speaker 2: So just a picture in your mind about two tennis balls.

1789
01:26:37,200 --> 01:26:41,719
Speaker 2: So a tiny little lettuce. Twenty three dollars.

1790
01:26:43,760 --> 01:26:46,240
Speaker 3: You are golden mate, exactly.

1791
01:26:45,920 --> 01:26:49,360
Speaker 2: Why I'm growing up, my friend, twenty three dollars. A

1792
01:26:49,720 --> 01:26:55,519
Speaker 2: Ridicio is ridicueleoss hawks Bay, Good morning. You're listening to

1793
01:26:55,600 --> 01:26:57,760
Speaker 2: me on twelve seventy eight am.

1794
01:26:59,479 --> 01:26:59,640
Speaker 1: Like that.

1795
01:27:00,360 --> 01:27:04,160
Speaker 2: We're turning that off because we're sick of it. We're

1796
01:27:04,200 --> 01:27:06,160
Speaker 2: turning it off and we're unplugging it and we're burning

1797
01:27:06,200 --> 01:27:08,639
Speaker 2: it to the ground. No we're not. We're just apparently

1798
01:27:08,680 --> 01:27:10,519
Speaker 2: we're taking a spanner to it and doing something too.

1799
01:27:10,600 --> 01:27:12,960
Speaker 2: So we will be available to you on ninety point

1800
01:27:13,040 --> 01:27:17,120
Speaker 2: three FM. As of about five minutes time, ninety point three.

1801
01:27:17,160 --> 01:27:21,200
Speaker 1: FM five to Night are trending now with the Chemist

1802
01:27:21,200 --> 01:27:23,760
Speaker 1: Warehouse the Real House of Fragrances.

1803
01:27:24,040 --> 01:27:26,880
Speaker 2: I got another Apollo thirteen. If this is called Apollo

1804
01:27:27,000 --> 01:27:31,040
Speaker 2: thirteen Survival, it uses the original footage, got some interviews

1805
01:27:31,080 --> 01:27:32,640
Speaker 2: in there to tell the story about how they got

1806
01:27:32,720 --> 01:27:35,720
Speaker 2: them all home safely, and.

1807
01:27:37,720 --> 01:27:50,000
Speaker 9: The astronaut to see, well, we were so curious, so

1808
01:27:50,200 --> 01:27:53,120
Speaker 9: excited that we are like three school kids looking into

1809
01:27:53,160 --> 01:27:53,720
Speaker 9: a candy story.

1810
01:27:53,760 --> 01:27:57,559
Speaker 1: Wedell, we have comment and we have left off.

1811
01:28:01,160 --> 01:28:07,400
Speaker 9: If the astronaut cannot make the correction in their playing

1812
01:28:07,479 --> 01:28:10,080
Speaker 9: part the three Americans, we'll die. And I think all

1813
01:28:10,120 --> 01:28:12,599
Speaker 9: of thirteen should be out of Blackguard at this time.

1814
01:28:13,040 --> 01:28:17,400
Speaker 2: Well to be hearing something, Joo one, will you please

1815
01:28:17,479 --> 01:28:21,559
Speaker 2: answer it now? The problem is it's not out until

1816
01:28:21,720 --> 01:28:25,120
Speaker 2: the fifth of September on Netflix, and I'm assuming Boeing

1817
01:28:25,240 --> 01:28:29,519
Speaker 2: are looking up all the documentaries to work out how

1818
01:28:30,080 --> 01:28:32,639
Speaker 2: to get them home. Isn't that what they're doing. I'm

1819
01:28:32,640 --> 01:28:36,000
Speaker 2: assuming they've done that. They can't get that one. What

1820
01:28:36,040 --> 01:28:38,320
Speaker 2: about the one Tom Hankstead did he get home? Okay,

1821
01:28:40,000 --> 01:28:43,040
Speaker 2: poor people stuck there for god knows how long till

1822
01:28:43,040 --> 01:28:45,080
Speaker 2: next year. Imagine being stuck there and you literally, I

1823
01:28:45,200 --> 01:28:47,160
Speaker 2: know they can you don't use somebody else, get the

1824
01:28:47,240 --> 01:28:49,960
Speaker 2: Russians to bring them home. Whatever, But I mean, how

1825
01:28:50,000 --> 01:28:54,160
Speaker 2: embarrassing is that for Boeing? Anyway, Apollo thirteen was the

1826
01:28:54,280 --> 01:28:58,960
Speaker 2: reason that Netflix came to be because read Hastings, he

1827
01:28:59,200 --> 01:29:02,320
Speaker 2: was late return the DVD of Apollo thirteen and he

1828
01:29:02,439 --> 01:29:04,600
Speaker 2: was embarrassed by the fees that you know, he'd have

1829
01:29:04,680 --> 01:29:06,360
Speaker 2: to pay. So he thought there's got to be a

1830
01:29:06,400 --> 01:29:09,240
Speaker 2: better way to do this, and so he didn't invented Netflix.

1831
01:29:09,680 --> 01:29:14,280
Speaker 2: When was Reed Hastings on the program, I'm.

1832
01:29:14,160 --> 01:29:16,160
Speaker 3: Looking at you blankly because I have no recollection of that.

1833
01:29:16,240 --> 01:29:18,720
Speaker 2: Well, no, we definitely interviewed him. I remember, I want

1834
01:29:18,760 --> 01:29:21,439
Speaker 2: to say seven years ago. But we'll check that out

1835
01:29:21,479 --> 01:29:23,559
Speaker 2: and have a fun fact for you tomorrow morning. Anyway

1836
01:29:23,680 --> 01:29:27,000
Speaker 2: back tomorrow from six as always, Happy days.

1837
01:29:29,000 --> 01:29:31,840
Speaker 1: For more from the Mic Asking Breakfast, listen live to

1838
01:29:32,000 --> 01:29:35,080
Speaker 1: news talks that'd be from six am weekdays, or follow

1839
01:29:35,120 --> 01:29:36,640
Speaker 1: the podcast on iHeartRadio