1
00:00:00,600 --> 00:00:04,600
Speaker 1: New Zealand's voice of reason is Mike the mic Hosking

2
00:00:04,640 --> 00:00:09,640
Speaker 1: Breakfast with Bailey's real Estate altogether better across residential, commercial

3
00:00:09,760 --> 00:00:11,200
Speaker 1: and rural news togs dead be.

4
00:00:11,320 --> 00:00:14,520
Speaker 2: Morning and welcome today. More supermarket noise from Nicola. If

5
00:00:14,560 --> 00:00:17,160
Speaker 2: announcements for specials, we'd all be saving. We got some

6
00:00:17,200 --> 00:00:19,720
Speaker 2: more good news on housing. Georgia Lyne's about to leave

7
00:00:19,800 --> 00:00:22,360
Speaker 2: and live in Nashville, but before she does, she comes

8
00:00:22,360 --> 00:00:24,040
Speaker 2: in with her guitar to say goodbye and sing us

9
00:00:24,079 --> 00:00:27,000
Speaker 2: a song. Joe McKenna's in Rome. Rod Little is in

10
00:00:27,040 --> 00:00:30,479
Speaker 2: the UK, tasking right, We're in the Thursday, seven past six.

11
00:00:30,800 --> 00:00:33,879
Speaker 2: Nikola willis Beck Yesterday for another guns at dawn with

12
00:00:33,920 --> 00:00:37,000
Speaker 2: the supermarket. She had the results of the RAFI Request

13
00:00:37,040 --> 00:00:40,040
Speaker 2: for information A main takeout. We're all too tied up

14
00:00:40,080 --> 00:00:41,720
Speaker 2: in red tape. We need to make it easier to

15
00:00:41,720 --> 00:00:45,400
Speaker 2: do business now. We know this, of course, because before

16
00:00:45,440 --> 00:00:47,360
Speaker 2: the RFI she told us this, and she told us

17
00:00:47,360 --> 00:00:48,959
Speaker 2: she was going to do something about it. She told

18
00:00:49,040 --> 00:00:51,080
Speaker 2: us she was going to do something about it again yesterday,

19
00:00:51,280 --> 00:00:54,800
Speaker 2: Play another song, Nicola. Then bad news, Aldie and Little,

20
00:00:54,840 --> 00:00:57,200
Speaker 2: a couple of large supermarket players who she had been

21
00:00:57,200 --> 00:01:00,319
Speaker 2: Courting didn't even take part in the RFA. Why, as

22
00:01:00,320 --> 00:01:02,080
Speaker 2: I've told you for the last two years, at least,

23
00:01:02,120 --> 00:01:05,080
Speaker 2: we are too small, and the scandal Nickeler insists exists,

24
00:01:05,200 --> 00:01:07,800
Speaker 2: actually doesn't. There is no mystery. They just can't be

25
00:01:07,840 --> 00:01:11,640
Speaker 2: bothered with the country our size. Cost Co did take part, though,

26
00:01:11,680 --> 00:01:16,440
Speaker 2: but Costco aren't Nicola's answer why because Costco aren't going nationwide.

27
00:01:16,520 --> 00:01:21,399
Speaker 2: Even Nicholas said they may may have one or two

28
00:01:21,480 --> 00:01:25,640
Speaker 2: more stores in coming years. Then the worst bit of

29
00:01:25,720 --> 00:01:29,280
Speaker 2: her greatest hit show, the finger wagging exercise yet again

30
00:01:29,400 --> 00:01:32,200
Speaker 2: of threatening to break the industry up with regulation. She's

31
00:01:32,240 --> 00:01:36,320
Speaker 2: awaiting a report when when she doesn't have a date,

32
00:01:36,760 --> 00:01:39,760
Speaker 2: who's doing the report? Hah, same company that did the

33
00:01:39,760 --> 00:01:41,960
Speaker 2: same report for the labor Party. Good work if you

34
00:01:42,000 --> 00:01:44,480
Speaker 2: can get that a So what did we actually end

35
00:01:44,560 --> 00:01:46,400
Speaker 2: up with? A re announcement of the fact that we

36
00:01:46,440 --> 00:01:49,240
Speaker 2: are hard to do business with. Fine, stop telling us

37
00:01:49,520 --> 00:01:53,480
Speaker 2: actually change some laws. Second, major players couldn't even be

38
00:01:53,480 --> 00:01:56,680
Speaker 2: bothered taking part. And third, the thing that may bring

39
00:01:56,760 --> 00:01:59,800
Speaker 2: real change, do remember rider, I think all this is nonsense,

40
00:01:59,840 --> 00:02:02,400
Speaker 2: but Nichola's mind, it's a scandal. The thing that may

41
00:02:02,440 --> 00:02:05,360
Speaker 2: bring real change is no closer, because we don't have

42
00:02:05,440 --> 00:02:07,480
Speaker 2: the report, and we don't even know when we're getting

43
00:02:07,480 --> 00:02:09,880
Speaker 2: the report, and having got the report, there is of

44
00:02:09,919 --> 00:02:12,400
Speaker 2: course no reason to think such a major business busting

45
00:02:12,440 --> 00:02:15,200
Speaker 2: trigger by a so called business friendly government would even

46
00:02:15,240 --> 00:02:19,160
Speaker 2: be pulled. So is you Trolley any cheaper, has Nicola

47
00:02:19,280 --> 00:02:22,560
Speaker 2: or her grocery commissioner another game changing pile of nonsense

48
00:02:22,560 --> 00:02:27,800
Speaker 2: you referenced yesterday actually achieved anything? Has a scent been saved,

49
00:02:28,040 --> 00:02:31,080
Speaker 2: has a law been changed? Has a new player arrived?

50
00:02:31,160 --> 00:02:34,600
Speaker 2: Or is this just like the bank's no smoking gun

51
00:02:34,680 --> 00:02:35,320
Speaker 2: to be found?

52
00:02:37,280 --> 00:02:39,720
Speaker 1: News of the world in ninety seconds.

53
00:02:39,720 --> 00:02:41,800
Speaker 2: Well of the saddest, if not the sickest, parts of

54
00:02:41,840 --> 00:02:44,880
Speaker 2: America's unfolded yet again this morning in Minneapolis, a school

55
00:02:44,880 --> 00:02:47,680
Speaker 2: shooting had seen two children dead fourteen more injured.

56
00:02:47,800 --> 00:02:51,440
Speaker 3: During the mass, a gunman approached on the outside, on

57
00:02:51,480 --> 00:02:55,000
Speaker 3: the side of the building and began firing a rifle

58
00:02:55,480 --> 00:03:00,119
Speaker 3: through the church windows towards the children sitting in the pews.

59
00:02:59,800 --> 00:03:02,000
Speaker 2: That miss the Maya.

60
00:03:02,080 --> 00:03:06,400
Speaker 4: But to everybody out there, do not think of these

61
00:03:06,600 --> 00:03:13,160
Speaker 4: as just somebody else's kids. Those families are suffering immense

62
00:03:13,280 --> 00:03:16,880
Speaker 4: pain right now. Think of this as if it were

63
00:03:16,919 --> 00:03:17,600
Speaker 4: your own.

64
00:03:17,840 --> 00:03:19,440
Speaker 2: An aunt at one of the students.

65
00:03:19,480 --> 00:03:21,679
Speaker 5: My brother in law is a firefighter too, and it's

66
00:03:21,720 --> 00:03:23,000
Speaker 5: his kids that could annunciation.

67
00:03:23,080 --> 00:03:26,440
Speaker 6: And thankfully we heard about fifteen minutes ago that they're safe.

68
00:03:27,000 --> 00:03:29,160
Speaker 7: But it's so awful and it's so scary.

69
00:03:29,520 --> 00:03:30,520
Speaker 2: Hospital was busy.

70
00:03:30,680 --> 00:03:32,040
Speaker 8: These incidents are never easy.

71
00:03:32,240 --> 00:03:35,040
Speaker 9: We've had two in the last twenty four hours that

72
00:03:35,080 --> 00:03:40,280
Speaker 9: have occurred, these mass casually incidents. Today we received a

73
00:03:40,360 --> 00:03:43,720
Speaker 9: total of eleven patients. Two of them were adult patients,

74
00:03:43,920 --> 00:03:45,200
Speaker 9: nine pediatric patients.

75
00:03:45,480 --> 00:03:48,400
Speaker 10: A witness man running up the street the other way

76
00:03:49,280 --> 00:03:51,560
Speaker 10: and he was frantically running like he was running for

77
00:03:51,600 --> 00:03:52,200
Speaker 10: his life.

78
00:03:52,440 --> 00:03:53,680
Speaker 11: We heard probably.

79
00:03:53,360 --> 00:03:57,520
Speaker 10: About fifteen to twenty gunshots in about thirty seconds, so

80
00:03:57,600 --> 00:03:58,400
Speaker 10: we just booked it.

81
00:03:58,920 --> 00:04:01,200
Speaker 2: It's not just shootings, by the way, if you're not following,

82
00:04:01,200 --> 00:04:03,360
Speaker 2: this has also been a spate of hoax shootings across

83
00:04:03,360 --> 00:04:06,760
Speaker 2: America at school and basically schools back from summer other matters.

84
00:04:06,840 --> 00:04:10,600
Speaker 2: Nigel Ferrag, who's hot on deportation, of course, said this yesterday.

85
00:04:10,160 --> 00:04:13,480
Speaker 12: Women and children, everybody on arrival will be detained.

86
00:04:13,800 --> 00:04:15,760
Speaker 2: Until he said this today, we were.

87
00:04:15,640 --> 00:04:18,000
Speaker 12: Not even discussing women and children at this stage. There

88
00:04:18,000 --> 00:04:20,960
Speaker 12: were so many illegal males in Britain and the news

89
00:04:21,000 --> 00:04:24,000
Speaker 12: reports that said that after my conference yesterday.

90
00:04:23,760 --> 00:04:27,640
Speaker 2: Were wrong, even wrong, wrong, wrong sort of did he

91
00:04:27,720 --> 00:04:28,479
Speaker 2: say it originally?

92
00:04:28,520 --> 00:04:31,960
Speaker 12: Can women and children? Everybody on arrival will be detained?

93
00:04:32,000 --> 00:04:34,840
Speaker 2: Okay, his day did pick up though, another Tory defector.

94
00:04:34,880 --> 00:04:36,920
Speaker 2: We'll talk to Rod about that later on. Then finally,

95
00:04:36,960 --> 00:04:41,440
Speaker 2: object in space, spaceship you say no. Back on the

96
00:04:41,440 --> 00:04:44,080
Speaker 2: first of July, the Hubble used its infrared vision and

97
00:04:44,400 --> 00:04:48,280
Speaker 2: spectrograph instrument to identify an object hurtling through space. Now,

98
00:04:48,360 --> 00:04:51,400
Speaker 2: first it was reported as unidentified. Then a bloke from

99
00:04:51,520 --> 00:04:54,520
Speaker 2: Harvard said it was potentially hostile if it was alien,

100
00:04:55,040 --> 00:04:57,000
Speaker 2: and that's all but tim Hats needed to hear. Sadly

101
00:04:57,040 --> 00:04:59,960
Speaker 2: for them, it turns out to be comet. It's called

102
00:05:00,080 --> 00:05:03,480
Speaker 2: three I Ford slash Atlas and weird thing. Anyway, it's

103
00:05:03,480 --> 00:05:05,640
Speaker 2: the third object to come through our solar system, having

104
00:05:05,720 --> 00:05:08,880
Speaker 2: formed around another star in a separate system. Here's the

105
00:05:08,880 --> 00:05:11,039
Speaker 2: world in ninety You want a fun fact, fun stat

106
00:05:11,040 --> 00:05:14,200
Speaker 2: this morning, there's a company called their Chinese, Chinese semiconductor

107
00:05:14,240 --> 00:05:16,720
Speaker 2: company called Cambricorn. This is the fascinating world of bay

108
00:05:16,720 --> 00:05:18,960
Speaker 2: I and semiconductors and all that sort of stuff. Anyway,

109
00:05:19,000 --> 00:05:22,680
Speaker 2: they announced their their revenue. Their revenues up guessed by

110
00:05:22,720 --> 00:05:25,640
Speaker 2: how much? Four thousand percent? How's your business going? I

111
00:05:25,680 --> 00:05:27,800
Speaker 2: was going quite well. It's up four thousand percent. Twelve

112
00:05:27,800 --> 00:05:28,640
Speaker 2: past six.

113
00:05:30,560 --> 00:05:35,320
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio, part

114
00:05:35,400 --> 00:05:36,440
Speaker 1: by News Talk Seppy.

115
00:05:39,320 --> 00:05:41,839
Speaker 2: While we're on the China theme, their industrial profits yesterday

116
00:05:41,880 --> 00:05:45,040
Speaker 2: slipped to one point five percent in July. They're dressing

117
00:05:45,040 --> 00:05:47,039
Speaker 2: that up. Has been good because it's sort of a

118
00:05:47,080 --> 00:05:49,800
Speaker 2: recovery because it has been worse. We live in a

119
00:05:49,800 --> 00:05:51,880
Speaker 2: strange old world. At the moment we're going backwards to

120
00:05:51,920 --> 00:05:54,520
Speaker 2: somehow made to feel because it wasn't it, you know how?

121
00:05:54,560 --> 00:05:58,200
Speaker 2: It was fifteen past six, so JM I Wealth Andrew

122
00:05:58,279 --> 00:06:03,000
Speaker 2: Keller had good morning. Might report season continue? So ebos

123
00:06:03,000 --> 00:06:05,200
Speaker 2: are unto pharmaceuticals and they do a little thing or

124
00:06:05,200 --> 00:06:06,400
Speaker 2: two of the animals as well.

125
00:06:06,920 --> 00:06:10,080
Speaker 13: Yeah, and of course, yeah, the Fluru reports continues, and

126
00:06:10,160 --> 00:06:13,240
Speaker 13: of course we get the full range of outcomes in

127
00:06:13,320 --> 00:06:15,159
Speaker 13: terms of share price response.

128
00:06:15,240 --> 00:06:16,600
Speaker 14: So a bit of a spoiler alert here.

129
00:06:16,640 --> 00:06:18,840
Speaker 13: Things didn't go that well yesterday for the eboss share

130
00:06:18,839 --> 00:06:22,360
Speaker 13: price after their result came out a thirteen point nine

131
00:06:22,440 --> 00:06:24,839
Speaker 13: percent or we'll call it fourteen we fall in the

132
00:06:24,880 --> 00:06:28,279
Speaker 13: share price. So they released their annal results yesterday. Yeah,

133
00:06:28,279 --> 00:06:31,000
Speaker 13: you're right, Mike. As a quick reminder, their listed dual

134
00:06:31,040 --> 00:06:37,240
Speaker 13: listed asx Interdex Pharmaceutical Wholesaler, Hospital Medicines Wholesaler. You right,

135
00:06:37,240 --> 00:06:40,560
Speaker 13: they've got animal care products and a big community pharmacy

136
00:06:40,600 --> 00:06:41,760
Speaker 13: footprint in Australia.

137
00:06:41,800 --> 00:06:43,039
Speaker 14: Lock now a couple of years ago.

138
00:06:43,120 --> 00:06:46,800
Speaker 13: The backstory here as they used to supply the chemist Warehouse.

139
00:06:47,120 --> 00:06:48,640
Speaker 14: That was a massive contract.

140
00:06:49,240 --> 00:06:51,600
Speaker 13: They lost that, so that's now been phasing out, so

141
00:06:51,760 --> 00:06:54,040
Speaker 13: they're now in what we would call the post.

142
00:06:54,040 --> 00:06:57,440
Speaker 14: Chemist Warehouse era. The result was slightly.

143
00:06:57,000 --> 00:07:01,280
Speaker 13: Below expectations, I mean, earning two percent below consensus, net

144
00:07:01,320 --> 00:07:05,280
Speaker 13: profit after tax four percent below. They do report all

145
00:07:05,279 --> 00:07:08,719
Speaker 13: their numbers in Australian dollars. Revenue twelve point three billion

146
00:07:09,240 --> 00:07:12,680
Speaker 13: Ossie dollars. This is a big business. Underlying earnings five

147
00:07:12,760 --> 00:07:14,320
Speaker 13: hundred and eighty five million Nazzy dollars.

148
00:07:14,320 --> 00:07:16,560
Speaker 14: That was at the lower end of the guidance. And

149
00:07:16,600 --> 00:07:18,120
Speaker 14: if you actually adjust.

150
00:07:17,760 --> 00:07:21,400
Speaker 13: For the loss of the chemist Warehouse Chemist Warehouse contract,

151
00:07:21,400 --> 00:07:24,080
Speaker 13: there's actually some course for celebration there because the numbers

152
00:07:24,080 --> 00:07:24,640
Speaker 13: are lifting.

153
00:07:24,680 --> 00:07:27,840
Speaker 14: But the real story behind the share price being punished.

154
00:07:28,040 --> 00:07:30,360
Speaker 13: Is the outlook because the current year numbers don't seem

155
00:07:30,360 --> 00:07:32,880
Speaker 13: to warrant the share price response. The issue here is

156
00:07:32,920 --> 00:07:36,600
Speaker 13: their forecast underlying earnings for next financial year. MIC have

157
00:07:36,680 --> 00:07:41,320
Speaker 13: fallen below expectations, even though the forecast was for those

158
00:07:41,360 --> 00:07:44,440
Speaker 13: to be seven percent higher. The market wanted more and

159
00:07:44,480 --> 00:07:46,040
Speaker 13: if I sort of worked through the numbers to give

160
00:07:46,040 --> 00:07:48,480
Speaker 13: you an idea here, the market was looking for a

161
00:07:48,480 --> 00:07:51,040
Speaker 13: net profit after tax sort of three hundred.

162
00:07:50,800 --> 00:07:52,280
Speaker 14: And eighteen million somewhere around there.

163
00:07:52,560 --> 00:07:55,720
Speaker 13: Their forecasts about two sixty three, so quite a lot short.

164
00:07:55,880 --> 00:07:59,320
Speaker 13: But q the biggest fall in the EBOS share price

165
00:07:59,320 --> 00:08:02,920
Speaker 13: in over thirty three years. So look at my companies

166
00:08:02,960 --> 00:08:05,880
Speaker 13: are getting punished for not meeting expectations at the moment.

167
00:08:05,960 --> 00:08:08,160
Speaker 13: But this feels like a little bit of an overreaction.

168
00:08:08,360 --> 00:08:11,520
Speaker 2: Could be a buye Now about precinct properties, Yeah.

169
00:08:11,320 --> 00:08:13,280
Speaker 13: Well, these guys have been busy in apologies or of

170
00:08:13,280 --> 00:08:16,080
Speaker 13: listens out. This is quite an Auckland centric project, but

171
00:08:16,080 --> 00:08:18,600
Speaker 13: that's where a lot of precincts work is. There's a

172
00:08:18,680 --> 00:08:20,760
Speaker 13: high degree of interest I think in some of these projects,

173
00:08:20,760 --> 00:08:24,200
Speaker 13: particularly in downtown Auckland. Are the downtown car park set

174
00:08:24,240 --> 00:08:28,520
Speaker 13: to be redeveloped or removed, which will be very painful

175
00:08:28,560 --> 00:08:30,800
Speaker 13: for those of us that use it regularly for parking.

176
00:08:31,200 --> 00:08:32,440
Speaker 14: But that's progress, isn't it, Mike.

177
00:08:32,480 --> 00:08:34,400
Speaker 13: So I'll have to jump on the NX one or

178
00:08:34,400 --> 00:08:36,840
Speaker 13: something I'm supposed to get down anyway, the four years

179
00:08:36,880 --> 00:08:39,040
Speaker 13: old operating profit left one point two percent.

180
00:08:39,720 --> 00:08:39,960
Speaker 14: Mike.

181
00:08:40,120 --> 00:08:42,440
Speaker 13: My view is there's going to be increasing interest in

182
00:08:42,480 --> 00:08:45,959
Speaker 13: these listed property trusts because term deposit rates they're falling,

183
00:08:46,080 --> 00:08:47,079
Speaker 13: interest rates probably going.

184
00:08:47,080 --> 00:08:47,720
Speaker 2: To go lower.

185
00:08:48,080 --> 00:08:51,200
Speaker 13: Investors are going to start looking for income alternatives. The

186
00:08:51,280 --> 00:08:53,559
Speaker 13: list of property trusts do pay attractive divedence, so I

187
00:08:53,600 --> 00:08:55,760
Speaker 13: think they'll have a lot more attention on them. As

188
00:08:55,800 --> 00:08:57,559
Speaker 13: I said, they've got lots of projects on the go.

189
00:08:57,679 --> 00:08:58,400
Speaker 14: They're being busy.

190
00:08:58,440 --> 00:09:02,600
Speaker 13: They're building the largest accommodation project or facility in New Zealand.

191
00:09:02,640 --> 00:09:05,280
Speaker 14: That's up at Auckland UNI, one hundred and twenty apartments

192
00:09:05,320 --> 00:09:06,079
Speaker 14: in Mount Eden.

193
00:09:06,440 --> 00:09:09,400
Speaker 13: They're looking for a capital partner for the PwC Tower,

194
00:09:09,400 --> 00:09:11,760
Speaker 13: that's the one, the nice big new building, shiny building

195
00:09:11,760 --> 00:09:15,480
Speaker 13: at the bottom of Auckland. That's all about recycling capital.

196
00:09:15,559 --> 00:09:18,440
Speaker 13: And as I say, they're redeveloping the downtown car park.

197
00:09:18,480 --> 00:09:21,400
Speaker 13: And this is the biggie because this will reshape that

198
00:09:21,480 --> 00:09:24,440
Speaker 13: part of downtown Auckland that's between the viaduct base and

199
00:09:24,480 --> 00:09:27,160
Speaker 13: the new commercial Bay, so that'll all look nice and new.

200
00:09:27,280 --> 00:09:29,440
Speaker 14: It'll just be far fewer car parks.

201
00:09:29,559 --> 00:09:34,280
Speaker 2: Okay, inflation was it just the power prices yesterday? In Australia?

202
00:09:34,440 --> 00:09:38,400
Speaker 13: Mostly mostly so ossie inflation you say, surprisingly higher two

203
00:09:38,440 --> 00:09:41,640
Speaker 13: point eight percent year on year and mostly higher electricity

204
00:09:41,640 --> 00:09:45,000
Speaker 13: prices are to blame. Thirteen percent lift in average electricity prices.

205
00:09:45,280 --> 00:09:47,640
Speaker 13: There's also a bit of a delay in some of

206
00:09:47,679 --> 00:09:52,000
Speaker 13: the states getting the quarterly energy relief payments to consumers.

207
00:09:52,360 --> 00:09:55,120
Speaker 13: Of course, the unlining issue here micah's rising costs for

208
00:09:55,240 --> 00:09:59,400
Speaker 13: energy right across Australia because this transition from fossil fuels.

209
00:09:59,080 --> 00:10:01,120
Speaker 14: To renewable energy sources, it is a.

210
00:10:01,160 --> 00:10:04,640
Speaker 13: Gargantuan task and it's costing people money. There was a

211
00:10:04,679 --> 00:10:07,760
Speaker 13: little bit of lifting holiday travel accommodation, but so it's

212
00:10:07,760 --> 00:10:10,520
Speaker 13: gone from their annual inflation last month, gone from one

213
00:10:10,520 --> 00:10:13,200
Speaker 13: point nine percent. It's now at two point eight percent,

214
00:10:13,240 --> 00:10:15,760
Speaker 13: so that's a very big jump. Expectations are at two

215
00:10:15,760 --> 00:10:19,600
Speaker 13: point three percent. But this the big transition. It's costing money.

216
00:10:19,760 --> 00:10:21,600
Speaker 2: Numbers please radio, So.

217
00:10:21,559 --> 00:10:25,000
Speaker 13: Everyone's sitting around waiting for the Nvidia result, which I

218
00:10:25,080 --> 00:10:27,320
Speaker 13: think is going to come out about eight o'clock our time.

219
00:10:28,160 --> 00:10:30,000
Speaker 13: At the moment, the dal Jones is up per point

220
00:10:30,080 --> 00:10:32,920
Speaker 13: three five percent one hundred and sixty points forty five thousand,

221
00:10:33,440 --> 00:10:36,400
Speaker 13: five hundred and seventy eight, the sm P five hundred,

222
00:10:36,480 --> 00:10:39,360
Speaker 13: up per point two two percent forteen points six four

223
00:10:39,400 --> 00:10:42,319
Speaker 13: eight oh and the Nasdaq up point three ofer percent.

224
00:10:42,400 --> 00:10:44,959
Speaker 13: So all in the green sixty five points twenty one thousand,

225
00:10:45,280 --> 00:10:47,480
Speaker 13: six hundred and nine to forty one hundred over nine

226
00:10:47,480 --> 00:10:50,320
Speaker 13: percent down small just point one of a percent nine

227
00:10:50,320 --> 00:10:52,960
Speaker 13: two five five, the Nike up one hundred and twenty

228
00:10:53,000 --> 00:10:54,240
Speaker 13: six points.

229
00:10:53,800 --> 00:10:55,840
Speaker 14: For four to five to oh.

230
00:10:55,880 --> 00:10:58,000
Speaker 13: The checking how Compett had a weeker day down one

231
00:10:58,040 --> 00:11:01,400
Speaker 13: point seven six percent thirty eight hundred of the mark

232
00:11:01,480 --> 00:11:05,160
Speaker 13: there yesterday. The Aussi's gained point two eight percent eight

233
00:11:05,760 --> 00:11:08,680
Speaker 13: that's twenty five points, and the insects fifty foul three

234
00:11:08,720 --> 00:11:11,720
Speaker 13: quarters of percent ninety six points twelve thousand, eight hundred

235
00:11:11,720 --> 00:11:14,560
Speaker 13: and sixty one. Kiwi point five eight sixty three on

236
00:11:14,600 --> 00:11:17,840
Speaker 13: the wholesale markets against the US point nine zero zero

237
00:11:17,880 --> 00:11:20,440
Speaker 13: three against the OSSI point five oh three eight euro

238
00:11:20,920 --> 00:11:22,960
Speaker 13: point four to three four to three against the pound

239
00:11:23,120 --> 00:11:26,000
Speaker 13: eighty six point four ozer. Japanese end gold is just

240
00:11:26,040 --> 00:11:28,360
Speaker 13: creeping a little bit higher. Make three thousand, three hundred

241
00:11:28,400 --> 00:11:31,439
Speaker 13: and ninety four dollars and break crew sixty seven dollars

242
00:11:31,480 --> 00:11:33,000
Speaker 13: and eighty three cents.

243
00:11:33,000 --> 00:11:35,760
Speaker 2: See Friday and Andrew Kelleher Jomo Wealth dot co dot

244
00:11:35,840 --> 00:11:40,319
Speaker 2: n zensk. Lego is incredible twelve percent jump and revenue

245
00:11:40,320 --> 00:11:42,559
Speaker 2: for the first half of this year five point four billion.

246
00:11:42,600 --> 00:11:45,160
Speaker 2: That's US dollars. By the way, they added a record

247
00:11:45,280 --> 00:11:50,080
Speaker 2: three hundred and fourteen new sets. You kidding me. They

248
00:11:50,160 --> 00:11:53,320
Speaker 2: got twenty four new stores. They're operating. Profit is up

249
00:11:53,360 --> 00:11:56,839
Speaker 2: ten percent, best first half year ever. They're in two

250
00:11:57,160 --> 00:12:01,600
Speaker 2: decoor with wal Art sets. They've got sets tied to

251
00:12:01,679 --> 00:12:04,160
Speaker 2: bluey as in the television program. They've got the tied

252
00:12:04,240 --> 00:12:07,120
Speaker 2: up with Pokemon that's hitting the shells next year. They're

253
00:12:07,120 --> 00:12:11,680
Speaker 2: into botanicals. You can buy Lego plants, Lego flower bouquets,

254
00:12:11,720 --> 00:12:13,120
Speaker 2: and Lego succulents.

255
00:12:14,679 --> 00:12:15,600
Speaker 15: Hell's going on there.

256
00:12:15,640 --> 00:12:18,439
Speaker 11: We got some of those in your house. Lego succulents,

257
00:12:18,559 --> 00:12:22,160
Speaker 11: No Lego plants, Lego flowers. They look great and they

258
00:12:22,160 --> 00:12:22,920
Speaker 11: don't need watering.

259
00:12:26,160 --> 00:12:37,959
Speaker 2: Fall in his money six twenty two at Newstalk ZBO.

260
00:12:34,400 --> 00:12:38,679
Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio Now

261
00:12:38,679 --> 00:12:39,520
Speaker 1: would buy News.

262
00:12:39,360 --> 00:12:43,880
Speaker 2: Talksb Mike just bought the Mercedes F one Lego set

263
00:12:43,920 --> 00:12:46,040
Speaker 2: forty seven years young. Well, I hope you enjoy it.

264
00:12:46,400 --> 00:12:48,079
Speaker 2: I've got I sort of felt good for TV and

265
00:12:48,160 --> 00:12:49,760
Speaker 2: ZID yesterday, you know, with the business of the world

266
00:12:49,840 --> 00:12:52,600
Speaker 2: carp and the money behind football, et cetera. Because Channel

267
00:12:52,640 --> 00:12:56,000
Speaker 2: nine Australia came out with their results and what interested

268
00:12:56,080 --> 00:12:58,520
Speaker 2: me is they've got the EPL. They've gone and won

269
00:12:58,600 --> 00:13:01,720
Speaker 2: the EPL for their streaming service, which is called Stan anyway.

270
00:13:01,720 --> 00:13:03,760
Speaker 2: As a result of them winning the EPL, they added

271
00:13:03,840 --> 00:13:10,400
Speaker 2: two hundred thousand subscribers. So Football Play six twenty five.

272
00:13:11,120 --> 00:13:15,200
Speaker 1: Trending now with ware House You're one start for Father

273
00:13:15,240 --> 00:13:16,599
Speaker 1: and Day Fragrances.

274
00:13:16,200 --> 00:13:19,160
Speaker 2: Movie Time, Prime Video, Little Something from the director of Kiss, Kiss,

275
00:13:19,200 --> 00:13:21,679
Speaker 2: Bang Bang and the Nice Guys guy called Shane Black.

276
00:13:23,960 --> 00:13:26,080
Speaker 8: Got a bit of a problem. I'm looking for a girl.

277
00:13:26,280 --> 00:13:28,760
Speaker 8: Is this an amorous and Cory? She killed everyone on

278
00:13:28,840 --> 00:13:29,480
Speaker 8: my last job.

279
00:13:31,960 --> 00:13:33,920
Speaker 2: I just need to talk to her, you mean, actually

280
00:13:34,160 --> 00:13:36,360
Speaker 2: talk because sometimes when you talk to people end up

281
00:13:36,400 --> 00:13:37,240
Speaker 2: at WILM temperature.

282
00:13:38,720 --> 00:13:42,439
Speaker 8: I'll be gentle you killed them again last time, I

283
00:13:42,559 --> 00:13:43,520
Speaker 8: promise here.

284
00:13:43,840 --> 00:13:44,679
Speaker 16: Oh you're such a gentleman.

285
00:13:44,720 --> 00:13:45,240
Speaker 2: Thank you, no, thank you.

286
00:13:47,160 --> 00:13:47,800
Speaker 8: What's the score.

287
00:13:47,920 --> 00:13:52,480
Speaker 5: We're gonna rob an entire country a sumpkin treasure, Parker

288
00:13:52,600 --> 00:13:53,640
Speaker 5: worth a billion dollars.

289
00:13:54,760 --> 00:13:57,319
Speaker 8: Getting data was no ordinary shift. Her story stuff of

290
00:13:57,440 --> 00:14:00,880
Speaker 8: legends in fifteenth century specupit, oh story, Just tell them

291
00:14:00,920 --> 00:14:04,400
Speaker 8: about the plan. Another story. There's treasure. It'll be in

292
00:14:04,440 --> 00:14:05,760
Speaker 8: New York tomorrow. That's plenty.

293
00:14:06,000 --> 00:14:10,120
Speaker 2: It's called play Dirty, Mirk Wohlberg, Lakeith Stanfield. I looked

294
00:14:10,160 --> 00:14:11,920
Speaker 2: him up. I don't know him. He's in another movie

295
00:14:12,000 --> 00:14:15,560
Speaker 2: coming out shortly called ruf Man. Prime Video. You don't

296
00:14:15,559 --> 00:14:18,880
Speaker 2: call it Amazon Prime anymore. It's out October first. I

297
00:14:19,040 --> 00:14:21,200
Speaker 2: was on the Prime Video sub menu yesterday. Do you

298
00:14:21,280 --> 00:14:23,800
Speaker 2: realize there's a sub menu? I mean I probably said that,

299
00:14:23,840 --> 00:14:26,080
Speaker 2: and everyone's going out cross that sub menu. So anyway,

300
00:14:26,120 --> 00:14:27,680
Speaker 2: I hit the sub menu and I looked at all

301
00:14:27,720 --> 00:14:29,720
Speaker 2: the stuff that's available to you now, and I, for

302
00:14:29,760 --> 00:14:33,960
Speaker 2: about ten minutes scrolled through like it was HBO Max,

303
00:14:34,080 --> 00:14:36,720
Speaker 2: all of Max, all of HBO, all of any uboo

304
00:14:36,760 --> 00:14:39,680
Speaker 2: doo boo ID. There's like seven million things out there.

305
00:14:40,560 --> 00:14:43,520
Speaker 2: And I scrolled through and literally the world's gone mad

306
00:14:43,600 --> 00:14:45,320
Speaker 2: with the amount of content that's out there. There is

307
00:14:45,400 --> 00:14:48,480
Speaker 2: so much content out there. There are literally thousands of

308
00:14:48,560 --> 00:14:52,000
Speaker 2: programs available to you on your streaming service that you

309
00:14:52,080 --> 00:14:54,240
Speaker 2: probably don't even know about, and I couldn't find a

310
00:14:54,280 --> 00:14:59,000
Speaker 2: single one. Yes, so quantity does not equal quality or

311
00:14:59,040 --> 00:15:02,040
Speaker 2: anywhere even close. I've got some good news on the

312
00:15:02,160 --> 00:15:04,080
Speaker 2: housing front for you. In a couple of moments after

313
00:15:04,160 --> 00:15:05,240
Speaker 2: the news, which is next.

314
00:15:06,960 --> 00:15:10,120
Speaker 1: The Mike Cos Game, We've beensateful. Were then engaging and

315
00:15:10,720 --> 00:15:15,320
Speaker 1: vitally the my Casking breakfast with a Veda Retirement Communities,

316
00:15:15,600 --> 00:15:17,560
Speaker 1: Life Your Way News togs Head.

317
00:15:17,440 --> 00:15:20,320
Speaker 2: BJRNE was telling us Tuesday about the French desire to

318
00:15:20,440 --> 00:15:22,600
Speaker 2: get more people enrolled in the military sort of a

319
00:15:22,680 --> 00:15:25,400
Speaker 2: voluntary basis and build up the military reserves. Will Germany

320
00:15:25,480 --> 00:15:27,240
Speaker 2: did the same thing again overnight. They've got a drive

321
00:15:27,280 --> 00:15:29,440
Speaker 2: to attract more people on a voluntary basis into the

322
00:15:29,480 --> 00:15:34,720
Speaker 2: military service. They boosted They're funding another two billion dollars Mertz,

323
00:15:34,800 --> 00:15:38,080
Speaker 2: pushing plans through parliament to enable higher defense spending. They're

324
00:15:38,080 --> 00:15:39,960
Speaker 2: going to loosen up on the debt level. The strongest

325
00:15:40,040 --> 00:15:43,160
Speaker 2: conventional army in Europe's what he's after. So it's an

326
00:15:43,200 --> 00:15:45,240
Speaker 2: interesting time in the EU at the moment. To Joe

327
00:15:45,320 --> 00:15:48,200
Speaker 2: McKenna is in part of it. She's in Italy shortly

328
00:15:48,280 --> 00:15:49,360
Speaker 2: twenty three to seven.

329
00:15:51,920 --> 00:15:52,400
Speaker 14: Now a week.

330
00:15:52,440 --> 00:15:54,680
Speaker 2: Where we have a number of Bridery economic reads, we

331
00:15:54,760 --> 00:15:57,280
Speaker 2: can perhaps add another from the housing market. So we've

332
00:15:57,280 --> 00:15:59,800
Speaker 2: got housing affordability at this most affordable level since twenty

333
00:15:59,880 --> 00:16:03,480
Speaker 2: nine nineteen, almost seventeen percent better than at the peak

334
00:16:03,520 --> 00:16:05,640
Speaker 2: of COVID. Time required to save a deposit, for example,

335
00:16:05,720 --> 00:16:08,160
Speaker 2: is now down to ten years, whereas once was fourteen.

336
00:16:08,640 --> 00:16:11,440
Speaker 2: Kelvin Davidson is the chief property economist it Ca Tellity

337
00:16:11,560 --> 00:16:13,720
Speaker 2: is back with this is Calvin Morning to you go

338
00:16:14,160 --> 00:16:17,280
Speaker 2: it and your reports. Is talks about steady income growth.

339
00:16:17,360 --> 00:16:19,600
Speaker 2: See this is the psychology of housing, isn't it? Because

340
00:16:19,600 --> 00:16:21,520
Speaker 2: if I round it up most people and goes, now,

341
00:16:21,560 --> 00:16:23,920
Speaker 2: what about your steady income growth? They go what income growth?

342
00:16:23,920 --> 00:16:24,360
Speaker 2: Wouldn't they?

343
00:16:25,320 --> 00:16:27,680
Speaker 17: Well, yeah, just right now they might be questioning that.

344
00:16:27,800 --> 00:16:29,600
Speaker 17: I guess what we're looking at here is over a

345
00:16:29,840 --> 00:16:32,400
Speaker 17: longer period of five or six years, where house prices

346
00:16:32,480 --> 00:16:34,560
Speaker 17: have for them and comes have gone up over that period.

347
00:16:34,640 --> 00:16:36,880
Speaker 17: Might be slow now, but they have increased over that period,

348
00:16:36,920 --> 00:16:39,160
Speaker 17: and of course the house price is down. So yeah,

349
00:16:39,200 --> 00:16:42,640
Speaker 17: those things have certainly combined to improve housing affordability. Not cheap,

350
00:16:43,040 --> 00:16:44,160
Speaker 17: but it's a lot better than it was.

351
00:16:44,360 --> 00:16:46,560
Speaker 2: We should also remember the power of the lower interest rates,

352
00:16:46,560 --> 00:16:48,480
Speaker 2: because we forget that, don't We sort of talk about

353
00:16:48,480 --> 00:16:50,600
Speaker 2: twenty five point. If you go back over several years,

354
00:16:50,640 --> 00:16:52,360
Speaker 2: it's come down exponentially, hasn't it.

355
00:16:53,160 --> 00:16:53,360
Speaker 9: Yeah?

356
00:16:53,440 --> 00:16:56,440
Speaker 17: Oh yeah, And a lot of people, for whatever reason,

357
00:16:56,920 --> 00:17:00,400
Speaker 17: use their sole key house price or housing four ability

358
00:17:00,440 --> 00:17:02,720
Speaker 17: measure is the house price to income ratio. And now

359
00:17:03,160 --> 00:17:05,960
Speaker 17: that's fine, but what it ignores as lower mortgage rates.

360
00:17:06,040 --> 00:17:08,520
Speaker 17: So yeah, once you factor that and things starts looking

361
00:17:09,280 --> 00:17:12,280
Speaker 17: a lot better. Actually, on our measure, we're we're looking

362
00:17:12,359 --> 00:17:16,200
Speaker 17: now at forty four percent of median household income goes

363
00:17:16,280 --> 00:17:19,480
Speaker 17: to service a new mortgage. The average there is forty three.

364
00:17:19,600 --> 00:17:21,480
Speaker 17: So it's now pretty close to normal. Now it's not

365
00:17:21,560 --> 00:17:24,480
Speaker 17: below it. It's not necessarily cheap. It's back to some

366
00:17:24,640 --> 00:17:25,400
Speaker 17: kind of normality.

367
00:17:25,480 --> 00:17:28,360
Speaker 2: But it was fifty seven. But I mean, fifty seven

368
00:17:28,359 --> 00:17:31,119
Speaker 2: to forty three forty four that's a material difference, isn't it.

369
00:17:31,840 --> 00:17:32,040
Speaker 18: Yeah?

370
00:17:32,160 --> 00:17:34,280
Speaker 17: Yeah, And a lot of that you would put obviously

371
00:17:34,359 --> 00:17:37,000
Speaker 17: house prices have fallen, but the sharp falls and interest

372
00:17:37,080 --> 00:17:38,520
Speaker 17: rates are part of that too, and I guess now

373
00:17:38,600 --> 00:17:41,920
Speaker 17: pretty clear indication that the interest rates are getting lower.

374
00:17:42,080 --> 00:17:45,240
Speaker 17: So yeah, I think we're establishing some kind of foundation.

375
00:17:45,359 --> 00:17:46,439
Speaker 17: I think the house prices.

376
00:17:46,840 --> 00:17:49,920
Speaker 2: There's a window here though, because at some point, if

377
00:17:50,080 --> 00:17:52,720
Speaker 2: Christian and as a gang of merry men and women

378
00:17:52,760 --> 00:17:55,920
Speaker 2: are right, the affordability window closes because an investor is

379
00:17:55,960 --> 00:17:58,119
Speaker 2: going to go right, I'm in, or people are going

380
00:17:58,160 --> 00:18:00,119
Speaker 2: to start getting a bit busy about the market. Your

381
00:18:00,160 --> 00:18:00,800
Speaker 2: windows gone.

382
00:18:01,840 --> 00:18:02,800
Speaker 19: Yeah, well, that's that's right.

383
00:18:02,960 --> 00:18:05,119
Speaker 17: And that's what we've seen in past cycles that there

384
00:18:05,160 --> 00:18:06,959
Speaker 17: are reasons to think that cycle might be a bit

385
00:18:07,040 --> 00:18:07,480
Speaker 17: more muted.

386
00:18:07,600 --> 00:18:07,960
Speaker 15: This time.

387
00:18:08,000 --> 00:18:11,160
Speaker 17: We've got get two income ratio restrictions. Obviously, the government's

388
00:18:11,160 --> 00:18:14,280
Speaker 17: pushing incredibly hard on housing supply. But the thing that

389
00:18:14,320 --> 00:18:16,840
Speaker 17: it's hard to account for, and whenever it shifts you

390
00:18:16,880 --> 00:18:19,160
Speaker 17: never quite know. But it's the psychology and the mindset.

391
00:18:19,240 --> 00:18:22,120
Speaker 17: And I'm always conscious of that, and if people think

392
00:18:22,200 --> 00:18:24,440
Speaker 17: house prices will go up when they probably tend to,

393
00:18:24,680 --> 00:18:27,040
Speaker 17: so conscious of that. But just right now, there are

394
00:18:27,119 --> 00:18:30,159
Speaker 17: some challenges in the form of unemployment. So let's keep

395
00:18:30,200 --> 00:18:31,120
Speaker 17: me a lot on things for now.

396
00:18:31,280 --> 00:18:31,440
Speaker 18: Yeah.

397
00:18:31,480 --> 00:18:33,040
Speaker 2: In fact, funny you should say that, because we've got

398
00:18:33,080 --> 00:18:34,720
Speaker 2: it at Chris me and on Lad who owns a

399
00:18:34,880 --> 00:18:37,200
Speaker 2: Boon and Winton. He said yesterday and his report that

400
00:18:37,400 --> 00:18:41,720
Speaker 2: until the job market turns, he doesn't think housing will turn.

401
00:18:41,880 --> 00:18:42,400
Speaker 2: Is that fair?

402
00:18:43,480 --> 00:18:45,639
Speaker 17: Yeah, I agree with that. I mean it's not just

403
00:18:45,920 --> 00:18:48,119
Speaker 17: people who have lost their jobs, which of course a

404
00:18:48,160 --> 00:18:50,560
Speaker 17: lot lots of people have, but also it's the wider

405
00:18:50,760 --> 00:18:53,280
Speaker 17: spillover thing because even in a recession, most people do

406
00:18:53,400 --> 00:18:56,680
Speaker 17: actually keep their jobs. But it's that wider spillover on

407
00:18:57,240 --> 00:19:00,320
Speaker 17: psychology and confidence. If you're not feeling quite a secure

408
00:19:00,359 --> 00:19:02,040
Speaker 17: in your job and you're probably not going to rush

409
00:19:02,119 --> 00:19:03,760
Speaker 17: out and by a big ticket item. But as soon

410
00:19:03,800 --> 00:19:06,400
Speaker 17: as that confidence starts turnaround, maybe we see the unemployment

411
00:19:06,480 --> 00:19:09,520
Speaker 17: right stones down. Then I think that is a takes

412
00:19:09,560 --> 00:19:10,680
Speaker 17: away a little bit of a handbreak.

413
00:19:11,119 --> 00:19:13,600
Speaker 2: Grandton in sight has always appreciated Kelvin Kelvin Davidson, who's

414
00:19:13,600 --> 00:19:16,480
Speaker 2: the chief property economist at Totality. The aforementioned Chris Million,

415
00:19:17,000 --> 00:19:21,240
Speaker 2: so Winton and Airburn. Airburn is the central o Tigo.

416
00:19:21,440 --> 00:19:24,560
Speaker 2: It's a hospital sort of facility. It is going gangbusters.

417
00:19:24,680 --> 00:19:28,600
Speaker 2: It is going to be the most popular attraction in

418
00:19:28,720 --> 00:19:32,360
Speaker 2: that region, and that region's already attractive. But flip side

419
00:19:32,359 --> 00:19:35,119
Speaker 2: of the reporter, you read it interesting insight into property.

420
00:19:35,160 --> 00:19:38,760
Speaker 2: So he's with us after seven o'clock nineteen two Paskala,

421
00:19:38,920 --> 00:19:40,960
Speaker 2: which you've got to read Tony Alexander in one roof

422
00:19:41,000 --> 00:19:44,439
Speaker 2: this morning, he's picking. He runs you through, as always

423
00:19:45,040 --> 00:19:47,480
Speaker 2: what he thinks happening in the economy, lending rights, et cetera,

424
00:19:47,520 --> 00:19:51,520
Speaker 2: et cetera, and why you should be. His conclusion is

425
00:19:51,680 --> 00:19:56,280
Speaker 2: you got to fix not just on one time period,

426
00:19:56,359 --> 00:19:59,960
Speaker 2: but choose two. And he explains why. And he explains

427
00:20:00,080 --> 00:20:03,040
Speaker 2: why as always extremely well. But odds of a you

428
00:20:03,200 --> 00:20:05,960
Speaker 2: tune on. Mortgage rates are growing, is what you're looking for.

429
00:20:06,119 --> 00:20:07,200
Speaker 2: In The Herald eighteen two.

430
00:20:07,760 --> 00:20:12,320
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio powered

431
00:20:12,400 --> 00:20:13,399
Speaker 1: by News Talks B.

432
00:20:14,880 --> 00:20:17,480
Speaker 2: Good News rolls on. We've teamed up with Chemist Warehouse

433
00:20:17,480 --> 00:20:19,840
Speaker 2: again for Father's Day. We do this each year. It's

434
00:20:19,880 --> 00:20:22,320
Speaker 2: a lot of fun, a real house of fragrances of course. Anyway,

435
00:20:22,359 --> 00:20:24,000
Speaker 2: so we're giving away a thousand next week. We're giving

436
00:20:24,000 --> 00:20:25,720
Speaker 2: away a thousand bucks a day plus a fragrance of

437
00:20:25,800 --> 00:20:28,000
Speaker 2: your choice. All you got to do is go to

438
00:20:28,080 --> 00:20:31,920
Speaker 2: our website, newstalksb dot dot mz ford slash win and

439
00:20:32,040 --> 00:20:34,080
Speaker 2: tell us what makes your dad a leigien? So do

440
00:20:34,200 --> 00:20:36,440
Speaker 2: that now? Don't do it now? Actually too busy getting

441
00:20:36,440 --> 00:20:36,879
Speaker 2: on with the day.

442
00:20:36,920 --> 00:20:37,200
Speaker 19: But do it.

443
00:20:37,280 --> 00:20:38,920
Speaker 2: Do it at a point of the time day when

444
00:20:38,960 --> 00:20:40,720
Speaker 2: you know you're thinking what should I do? I know

445
00:20:40,840 --> 00:20:42,760
Speaker 2: I'll enterr a contest sixteen.

446
00:20:42,359 --> 00:20:47,560
Speaker 1: Towo international correspondence with ENS and Eye Insurance Peace of

447
00:20:47,640 --> 00:20:48,959
Speaker 1: mind for New Zealand Business.

448
00:20:49,160 --> 00:20:50,639
Speaker 2: Go McKenna, How are you?

449
00:20:51,600 --> 00:20:52,680
Speaker 16: I'm great, Mike, how are you?

450
00:20:52,920 --> 00:20:55,040
Speaker 2: I'm very well. Indeed, now is this talk I was

451
00:20:55,080 --> 00:20:57,080
Speaker 2: talking yesterday a couple of days ago, were Catherine on

452
00:20:57,200 --> 00:20:58,800
Speaker 2: the French and they're wanting more people to join the

453
00:20:58,880 --> 00:21:01,480
Speaker 2: military and the Germans over to join the military. Is

454
00:21:01,520 --> 00:21:04,320
Speaker 2: there talk in Italy of joining the military and Russia's

455
00:21:04,320 --> 00:21:05,560
Speaker 2: coming and all that sort of stuff or not.

456
00:21:06,720 --> 00:21:08,920
Speaker 20: Look, I think it's very ambiguous at the moment. But

457
00:21:09,040 --> 00:21:11,840
Speaker 20: I think the Prime Minister, Georgia Maloney has been pretty

458
00:21:11,920 --> 00:21:15,639
Speaker 20: clear that we don't want Italian soldiers on the ground.

459
00:21:16,920 --> 00:21:20,600
Speaker 20: And as you might have seen, Matteiosloveny, the Deputy Prime Minister,

460
00:21:20,680 --> 00:21:23,920
Speaker 20: has actually stepped up some attacks personal attacks on the

461
00:21:24,080 --> 00:21:29,520
Speaker 20: French President Macron really trying to isolate him and suggest

462
00:21:29,680 --> 00:21:32,639
Speaker 20: for suggesting that European soldiers should be deployed in Ukraine.

463
00:21:33,160 --> 00:21:36,280
Speaker 2: Okay, so they call the Italian ambassador and what for

464
00:21:36,320 --> 00:21:37,840
Speaker 2: a bit of a finger wagging or are they going

465
00:21:37,880 --> 00:21:38,520
Speaker 2: to expel him?

466
00:21:38,640 --> 00:21:39,120
Speaker 4: Is it war?

467
00:21:39,280 --> 00:21:39,840
Speaker 2: What's happening?

468
00:21:40,480 --> 00:21:45,040
Speaker 20: Yeah, well, after Salvin he made these controversial comments saying

469
00:21:45,119 --> 00:21:47,800
Speaker 20: to you know, you Macron, put your helmet on, your jacket,

470
00:21:47,840 --> 00:21:52,159
Speaker 20: your rifle and you go to Ukraine. The French did

471
00:21:52,280 --> 00:21:55,720
Speaker 20: call in the Italian ambassador and gave them gave it

472
00:21:55,760 --> 00:21:58,639
Speaker 20: a bit of a carpeting. But it's not a good

473
00:21:58,680 --> 00:22:00,480
Speaker 20: look for the Deputy Prime Minister I think.

474
00:22:00,400 --> 00:22:01,639
Speaker 16: To be be so harsh.

475
00:22:01,920 --> 00:22:04,800
Speaker 20: And you have to wonder is he trying to line

476
00:22:04,840 --> 00:22:08,399
Speaker 20: himself up with Marine Lapenn the Macron rival, or is

477
00:22:08,440 --> 00:22:11,639
Speaker 20: he trying to position himself for the regional elections that

478
00:22:11,680 --> 00:22:13,280
Speaker 20: are coming up in Italy later this year.

479
00:22:13,480 --> 00:22:16,960
Speaker 2: How does that situation work with Maloney?

480
00:22:17,600 --> 00:22:18,840
Speaker 16: I mean, well, it's interesting.

481
00:22:19,040 --> 00:22:21,639
Speaker 20: I mean she hasn't really made any comment about it.

482
00:22:22,080 --> 00:22:25,040
Speaker 20: She has called together that her senior ministers, including mister

483
00:22:25,119 --> 00:22:28,920
Speaker 20: Seloveny tomorrow for a meeting on Ukraine. So it is

484
00:22:29,040 --> 00:22:32,040
Speaker 20: top of mind, she's canceled an overseas trip. It is

485
00:22:32,240 --> 00:22:34,120
Speaker 20: a major issue for Italy at the moment.

486
00:22:34,400 --> 00:22:36,560
Speaker 2: Do they get the reason I asked? We're fascinating in

487
00:22:36,640 --> 00:22:39,000
Speaker 2: this country. We've got sort of our first genuine MMP

488
00:22:39,160 --> 00:22:41,400
Speaker 2: coalition going at the moment, three parties, and every time

489
00:22:41,480 --> 00:22:44,280
Speaker 2: somebody says something slightly untoward, everyone goes, Oh, they're not

490
00:22:44,320 --> 00:22:48,239
Speaker 2: getting on together, are they? So how does that do they,

491
00:22:49,200 --> 00:22:51,960
Speaker 2: for all intentsive purposes, get on as a government?

492
00:22:53,160 --> 00:22:53,360
Speaker 1: Yeah?

493
00:22:53,400 --> 00:22:55,520
Speaker 20: I mean, I think it's surprising. We're coming up to,

494
00:22:55,640 --> 00:22:59,240
Speaker 20: what is it, the third anniversary of this Maloney government,

495
00:22:59,320 --> 00:23:03,040
Speaker 20: and it has managed to hold together quite well, even

496
00:23:03,080 --> 00:23:08,240
Speaker 20: though we see Matteo Sloveni making his own statements and

497
00:23:08,480 --> 00:23:11,520
Speaker 20: outrageous things, like tonight he was calling for chemical castration,

498
00:23:12,280 --> 00:23:16,680
Speaker 20: for an expulsion for an alleged rapist to migrant. So

499
00:23:17,640 --> 00:23:20,399
Speaker 20: he does very much march to his own tune. But

500
00:23:20,880 --> 00:23:23,320
Speaker 20: I think Maloney's done a good job at just standing

501
00:23:23,359 --> 00:23:23,920
Speaker 20: above him.

502
00:23:24,359 --> 00:23:26,639
Speaker 2: Sorry to ask all these random questions off the top

503
00:23:26,680 --> 00:23:28,480
Speaker 2: of my head, but I was just thinking of Farage

504
00:23:28,520 --> 00:23:31,240
Speaker 2: the other day in Brittany. He's expelling all these migrants,

505
00:23:31,280 --> 00:23:33,479
Speaker 2: but they've been there before. Now Where was the country

506
00:23:33,520 --> 00:23:35,679
Speaker 2: Italy were expelling them to. Was it Albania.

507
00:23:37,520 --> 00:23:40,200
Speaker 20: Well, they were trying to intercept them before they got

508
00:23:40,280 --> 00:23:42,720
Speaker 20: to Italy because of the controversy of picking them up

509
00:23:42,760 --> 00:23:48,800
Speaker 20: in international waters. That was stymied by various judges. So

510
00:23:49,040 --> 00:23:51,480
Speaker 20: it hasn't really gone anywhere. And I don't think those

511
00:23:51,600 --> 00:23:54,439
Speaker 20: two migrant centers in Albania are functioning at all at

512
00:23:54,440 --> 00:23:55,000
Speaker 20: the moment.

513
00:23:54,880 --> 00:23:57,200
Speaker 2: Oh okay. But as an issue, has it come and

514
00:23:57,359 --> 00:23:58,680
Speaker 2: gone or is it still live?

515
00:24:00,000 --> 00:24:01,800
Speaker 16: I think it still exists there.

516
00:24:02,840 --> 00:24:05,240
Speaker 20: I think the Maloney government's done a great job in

517
00:24:05,400 --> 00:24:07,120
Speaker 20: reducing the numbers of migrants.

518
00:24:08,600 --> 00:24:11,720
Speaker 16: They've thrown money as we know it to Nisia and

519
00:24:11,800 --> 00:24:12,280
Speaker 16: Libya and.

520
00:24:12,320 --> 00:24:16,320
Speaker 20: Other parts of North Africa to try and invest and

521
00:24:16,520 --> 00:24:20,080
Speaker 20: keep those migrants from crossing the Mediterranean. But I think

522
00:24:20,119 --> 00:24:22,840
Speaker 20: it's still an issue underneath the surface for many Italians.

523
00:24:23,000 --> 00:24:26,440
Speaker 2: Okay. Ursula's op ed piece and when she defends this

524
00:24:26,640 --> 00:24:30,200
Speaker 2: US EU trade deal, do we actually know specifically what's

525
00:24:30,280 --> 00:24:31,920
Speaker 2: in the US EU trade deal.

526
00:24:33,040 --> 00:24:37,919
Speaker 20: Look, I've certainly seen some very genuine, some very general

527
00:24:38,440 --> 00:24:40,080
Speaker 20: fifteen percent tariff.

528
00:24:42,240 --> 00:24:45,120
Speaker 16: Being imposed on the majority of EU products.

529
00:24:45,600 --> 00:24:49,240
Speaker 20: And they talked about agriculture and cheese and wine products

530
00:24:49,280 --> 00:24:49,560
Speaker 20: and so on.

531
00:24:50,280 --> 00:24:52,240
Speaker 16: But Trump is on the attack.

532
00:24:52,560 --> 00:24:56,439
Speaker 20: He doesn't want he wants to step up the argument

533
00:24:56,920 --> 00:25:01,040
Speaker 20: on tech regulations, and it doesn't sound like the tariff

534
00:25:01,200 --> 00:25:03,760
Speaker 20: argument is over yet, so we might see some more

535
00:25:04,240 --> 00:25:05,400
Speaker 20: Argie Barji going on there.

536
00:25:05,600 --> 00:25:07,560
Speaker 2: Now. The villa my favorite villa in the whole world,

537
00:25:07,600 --> 00:25:10,159
Speaker 2: because if you watch the documentary Sylvia, as far as

538
00:25:10,200 --> 00:25:12,840
Speaker 2: I can work out, it was filmed there. But Setosa

539
00:25:12,960 --> 00:25:15,320
Speaker 2: is about to be sold to the Arabs Is they're

540
00:25:15,400 --> 00:25:19,320
Speaker 2: claiming five hundred million euros is the most expensive residential

541
00:25:19,400 --> 00:25:23,920
Speaker 2: property ever sold. I mean that's I mean, if he

542
00:25:24,000 --> 00:25:27,120
Speaker 2: knew nothing else, he knew good real estate, didn't he That's.

543
00:25:26,960 --> 00:25:27,760
Speaker 16: A huge statement.

544
00:25:27,880 --> 00:25:31,159
Speaker 20: I mean it offers a James bond ck access to

545
00:25:31,240 --> 00:25:34,600
Speaker 20: the ocean, artificial volcano and what a history of bongo

546
00:25:34,640 --> 00:25:35,680
Speaker 20: bonga sex party is.

547
00:25:35,720 --> 00:25:36,679
Speaker 16: It's hard to top that one.

548
00:25:36,960 --> 00:25:39,879
Speaker 2: When you say artificial volcano, you skipped over that as

549
00:25:39,920 --> 00:25:42,960
Speaker 2: though that's not quite a feature because there's not many

550
00:25:43,040 --> 00:25:46,040
Speaker 2: houses with artificial volcanoes. I mean, correct me if I'm wrong, Joe.

551
00:25:48,400 --> 00:25:49,800
Speaker 16: I don't think there's a Pusian bed.

552
00:25:50,040 --> 00:25:54,159
Speaker 20: There's a putin bed that was gifted to Selvere Bilisconi

553
00:25:54,240 --> 00:25:56,240
Speaker 20: at the palazzo where he used to live in Rome.

554
00:25:56,480 --> 00:25:59,119
Speaker 2: Wow, good on you, Joe, not sketch up. Joe McKenna,

555
00:25:59,119 --> 00:26:01,439
Speaker 2: who's neally by the way. Southby's have got it if

556
00:26:01,440 --> 00:26:03,600
Speaker 2: you want to go to their website before it's sold.

557
00:26:05,200 --> 00:26:07,480
Speaker 2: He put the sea cave, and this is a place

558
00:26:07,520 --> 00:26:09,919
Speaker 2: called Portobtando, which is in the northeast coast of Sardini.

559
00:26:10,000 --> 00:26:13,440
Speaker 2: It's beautiful. It's just absolutely beautiful. Watch the documentary Silvio,

560
00:26:14,080 --> 00:26:15,680
Speaker 2: if for no other reason to look at his villa.

561
00:26:15,760 --> 00:26:21,040
Speaker 2: It's incredible. He received thirty eight death threats, not surprisingly

562
00:26:21,720 --> 00:26:23,560
Speaker 2: because some suggest he might have been a bit crooked.

563
00:26:23,760 --> 00:26:25,960
Speaker 2: But anyway, so he put the sea cave in. But

564
00:26:26,200 --> 00:26:27,840
Speaker 2: the good thing about the sea cave, not only can

565
00:26:27,920 --> 00:26:30,280
Speaker 2: you park your boats, it's got a couple of pools

566
00:26:30,320 --> 00:26:31,399
Speaker 2: in there, so you can go for a swim. So

567
00:26:31,480 --> 00:26:32,960
Speaker 2: you land in your boat, you go for a swim,

568
00:26:33,040 --> 00:26:35,960
Speaker 2: then you wander up for a bunga bunger with Silvio.

569
00:26:36,920 --> 00:26:38,879
Speaker 2: Sounds like a good time, don't it. Nine Away from

570
00:26:38,960 --> 00:26:40,400
Speaker 2: seven The Mike.

571
00:26:40,280 --> 00:26:44,440
Speaker 1: Hosking Breakfast with a Vita, Retirement Communities News, togs Head

572
00:26:44,520 --> 00:26:44,920
Speaker 1: v Are.

573
00:26:44,840 --> 00:26:47,840
Speaker 2: You following the cracker barrel story? It's the most mental

574
00:26:48,000 --> 00:26:50,760
Speaker 2: story in the history of mental stories. Cracker Barrel is

575
00:26:50,840 --> 00:26:55,239
Speaker 2: a sort of a country restaurant chain in America. They

576
00:26:55,440 --> 00:26:58,800
Speaker 2: changed their branding, they changed their label. The old label

577
00:26:58,880 --> 00:27:02,440
Speaker 2: used to have an old bloke, an old timer. People

578
00:27:02,520 --> 00:27:05,399
Speaker 2: believe the company's ambassador, who's an uncle Herschel, was that

579
00:27:05,520 --> 00:27:07,720
Speaker 2: figure and he was leaning against the barrel of the logo.

580
00:27:08,600 --> 00:27:10,840
Speaker 2: So the new logo doesn't have the barrel, doesn't have

581
00:27:10,960 --> 00:27:14,600
Speaker 2: the old timer, just as Cracker Barrel. For some reason,

582
00:27:14,760 --> 00:27:17,120
Speaker 2: this is part of a seven hundred million dollar transformation plan.

583
00:27:17,440 --> 00:27:19,920
Speaker 2: For some reason, when people saw the new Cracker Barrel sign,

584
00:27:20,280 --> 00:27:25,040
Speaker 2: the right wing went nuts, literally nuts. Trump weighed in

585
00:27:26,040 --> 00:27:28,119
Speaker 2: and as a result of Trump weighing in and all

586
00:27:28,160 --> 00:27:31,320
Speaker 2: the right wingers going nuts, their shares tanked twelve percent

587
00:27:32,080 --> 00:27:35,399
Speaker 2: just because they changed their sign. And after all of that,

588
00:27:35,680 --> 00:27:38,120
Speaker 2: they've now reversed it seven hundred minals.

589
00:27:38,200 --> 00:27:40,240
Speaker 11: You can't go wake like that, Well, what's.

590
00:27:40,080 --> 00:27:42,119
Speaker 2: Woke about a sign that doesn't believen?

591
00:27:42,200 --> 00:27:43,840
Speaker 11: Look, well, it had a person on it, and now

592
00:27:43,920 --> 00:27:44,720
Speaker 11: does that doesn't have.

593
00:27:44,760 --> 00:27:48,119
Speaker 2: A person five minutes away from seven.

594
00:27:49,840 --> 00:27:53,119
Speaker 1: For the ins and the outs, it's the fizz with

595
00:27:53,400 --> 00:27:56,680
Speaker 1: business fiber. Take your business productivity to the next left.

596
00:27:56,720 --> 00:27:58,840
Speaker 2: I'd a look at the old job ad board. What's there?

597
00:27:58,920 --> 00:28:01,000
Speaker 2: Is there an opening for us? We got data seek

598
00:28:01,119 --> 00:28:03,600
Speaker 2: data for July steady as the word volumes have not

599
00:28:03,720 --> 00:28:06,160
Speaker 2: changed since October of last year, ten months of stability.

600
00:28:06,400 --> 00:28:09,080
Speaker 2: Is it stability or is it just westalled anyway, July

601
00:28:09,320 --> 00:28:13,639
Speaker 2: mark the slowest annual decline since pre COVID Applications PERAD

602
00:28:13,800 --> 00:28:17,240
Speaker 2: not changing in June. They're still high. Haven't got any higher.

603
00:28:17,760 --> 00:28:19,760
Speaker 2: So that's sort of bad, but it's not worse. I

604
00:28:19,800 --> 00:28:22,760
Speaker 2: suppose numbers we gave you yesterday from the Green Party.

605
00:28:22,800 --> 00:28:25,080
Speaker 2: Why are we still reiterating the Green Party's numbers yesterday?

606
00:28:25,119 --> 00:28:27,360
Speaker 2: They're embarrassing. The Green Party is a joke. The whole

607
00:28:27,400 --> 00:28:29,520
Speaker 2: thing was a waste of time. Some regions are seeing

608
00:28:29,560 --> 00:28:33,800
Speaker 2: an increase in add numbers. You guess what they are? Yes, Canterbury, Yes, yes, Canterbury, Yes,

609
00:28:33,880 --> 00:28:37,080
Speaker 2: you got more jobs. Yes, you're really good. Hawk's Bay, Southland,

610
00:28:37,119 --> 00:28:39,960
Speaker 2: Tasman West Coast also a one percent increase in job adds,

611
00:28:40,400 --> 00:28:43,880
Speaker 2: seventh straight month of increases in Southland. So you're up

612
00:28:44,080 --> 00:28:47,760
Speaker 2: nine percent for the year. Go Southland. Canterbury job add

613
00:28:47,840 --> 00:28:50,000
Speaker 2: numbers up seven percent for the year. Sector wise, what

614
00:28:50,120 --> 00:28:53,479
Speaker 2: have we got construction professional services? They're continuing to go up,

615
00:28:53,520 --> 00:28:56,440
Speaker 2: so construction seems to be back. July it was another

616
00:28:56,480 --> 00:28:59,920
Speaker 2: one percent. So demand for construction is up thirteen percent

617
00:29:00,240 --> 00:29:03,280
Speaker 2: since September. So, labor party, if you're listening, and I

618
00:29:03,360 --> 00:29:05,960
Speaker 2: know you are, stop asking stupid questions in the house

619
00:29:05,960 --> 00:29:08,880
Speaker 2: about the construction sector because the construction sector is back.

620
00:29:09,000 --> 00:29:13,000
Speaker 2: Be current. Stop asking the same questions every time. Gets boring.

621
00:29:13,360 --> 00:29:16,080
Speaker 2: Significant increases in numbers over the year to be found

622
00:29:16,080 --> 00:29:18,160
Speaker 2: in management management. Who doesn't want to be in management?

623
00:29:18,240 --> 00:29:22,440
Speaker 2: Day ay, forty three percent more management jobs. I'm in management.

624
00:29:22,880 --> 00:29:25,920
Speaker 2: Software engineers are up twenty seven percent. Product managers and

625
00:29:26,000 --> 00:29:29,120
Speaker 2: developers are up twenty seven percent. Do you think a

626
00:29:29,200 --> 00:29:31,440
Speaker 2: product manager and a developer was involved in the cracker

627
00:29:31,480 --> 00:29:31,920
Speaker 2: barrel thing?

628
00:29:32,800 --> 00:29:36,680
Speaker 11: Hey, there would have been a brand manager.

629
00:29:36,680 --> 00:29:38,360
Speaker 2: I think you'll post it as a brand manager not

630
00:29:38,440 --> 00:29:40,680
Speaker 2: a product manager. Oh, you don't want to get your

631
00:29:40,720 --> 00:29:43,680
Speaker 2: managers because everyone's in management. It's up forty three percent.

632
00:29:43,720 --> 00:29:44,480
Speaker 2: Who can argue with that?

633
00:29:44,600 --> 00:29:44,719
Speaker 14: Right?

634
00:29:44,840 --> 00:29:48,320
Speaker 2: Supermarkets what a bust? Yesterday Nikola willis, come on, you

635
00:29:48,400 --> 00:29:49,640
Speaker 2: got to do better, And I'm going to tell her

636
00:29:49,680 --> 00:29:52,080
Speaker 2: this after seven thirty this morning. But Chris Quinn from

637
00:29:52,120 --> 00:29:56,760
Speaker 2: the supermarkets, he's with us. First, we'll talk about airburn

638
00:29:56,880 --> 00:29:58,880
Speaker 2: and property in general that I told you about a

639
00:29:58,880 --> 00:30:01,640
Speaker 2: couple of moments ago, and George Line after eight.

640
00:30:03,240 --> 00:30:07,800
Speaker 1: News opinion and everything in between the mic hosting breakfast

641
00:30:07,960 --> 00:30:11,560
Speaker 1: with Raindrover leading by example news Tomstad.

642
00:30:11,160 --> 00:30:13,560
Speaker 2: Been seven past seven the Nicola will a supermarket van

643
00:30:13,680 --> 00:30:16,320
Speaker 2: wagon back in town yesterday with news in an express lane.

644
00:30:16,560 --> 00:30:18,200
Speaker 2: She said all this before, of course, and yet there

645
00:30:18,600 --> 00:30:20,920
Speaker 2: still isn't actually an express lane. But by the end

646
00:30:20,960 --> 00:30:22,880
Speaker 2: of the year the laws will be passed to create one.

647
00:30:22,920 --> 00:30:25,000
Speaker 2: And once again she couldn't end her dissertation without yet

648
00:30:25,000 --> 00:30:28,320
Speaker 2: another finger wag threatening a regulatory breakup. Chris Quinn Food

649
00:30:28,320 --> 00:30:31,320
Speaker 2: starts North Island CEOs back with us. Good morning, Good morning, Mike.

650
00:30:31,520 --> 00:30:33,640
Speaker 2: Do you welcome the red tape stuff? She seems to

651
00:30:33,680 --> 00:30:36,080
Speaker 2: have yet again reiterated that there's too much red tape.

652
00:30:36,120 --> 00:30:37,920
Speaker 2: We need to get on with business. Is that fair?

653
00:30:39,480 --> 00:30:39,680
Speaker 19: Look?

654
00:30:39,760 --> 00:30:40,400
Speaker 21: That is fair?

655
00:30:40,560 --> 00:30:43,520
Speaker 19: And you know that was the feedback from the industries

656
00:30:43,920 --> 00:30:45,640
Speaker 19: as we looked at this. We said, if you really

657
00:30:45,760 --> 00:30:47,960
Speaker 19: want to work on the cost of doing business and

658
00:30:48,080 --> 00:30:51,720
Speaker 19: that results in prices, then these sort of changes, faster,

659
00:30:51,840 --> 00:30:54,640
Speaker 19: consenting the zoning reforms, getting the red tape out of

660
00:30:54,720 --> 00:30:58,120
Speaker 19: wigh so that any operator in the industry can enter

661
00:30:58,160 --> 00:30:59,560
Speaker 19: the industry or operate cheaper.

662
00:30:59,600 --> 00:31:00,360
Speaker 11: That is a good thing.

663
00:31:00,560 --> 00:31:00,720
Speaker 18: Ah.

664
00:31:01,200 --> 00:31:04,160
Speaker 2: So do you think she meant you operating more and

665
00:31:04,320 --> 00:31:06,520
Speaker 2: faster or do you think she's thinking of other people?

666
00:31:06,600 --> 00:31:08,800
Speaker 2: And if you guys start moving faster in her and

667
00:31:08,880 --> 00:31:11,240
Speaker 2: new express lane, she might not be overly happy with it.

668
00:31:12,840 --> 00:31:15,120
Speaker 19: Look, I think this is about making sure the market

669
00:31:15,240 --> 00:31:17,440
Speaker 19: itself and the cost of doing business in the New

670
00:31:17,520 --> 00:31:19,880
Speaker 19: Zealand market, in any industry actually, but in this one

671
00:31:19,920 --> 00:31:23,960
Speaker 19: in particular, that will encourage competition, that will make it

672
00:31:24,400 --> 00:31:27,360
Speaker 19: cheaper for any operator to deliver great food price value

673
00:31:27,400 --> 00:31:30,480
Speaker 19: to New Zealand. And so overall, in terms of the

674
00:31:30,520 --> 00:31:34,160
Speaker 19: government supporting this industry to perform better and to live

675
00:31:34,200 --> 00:31:35,680
Speaker 19: a better value, they are good moves.

676
00:31:35,960 --> 00:31:38,920
Speaker 2: The elder little non appearance. What does that tell us

677
00:31:38,960 --> 00:31:41,000
Speaker 2: about the market and how the world sees our market?

678
00:31:42,800 --> 00:31:45,000
Speaker 19: Look, I think it tells us that we're a small country.

679
00:31:45,440 --> 00:31:47,680
Speaker 19: We're physically the same size as Japan, but only with

680
00:31:47,800 --> 00:31:50,800
Speaker 19: five and a half million people. I think it tells

681
00:31:50,840 --> 00:31:53,680
Speaker 19: us that in Auckland, for example, thirty percent of the

682
00:31:53,760 --> 00:31:56,200
Speaker 19: retail grocery market is already in the hands of many

683
00:31:56,480 --> 00:31:59,840
Speaker 19: innovative and different third players, and across the country it's

684
00:31:59,880 --> 00:32:03,360
Speaker 19: about eighteen percent on average. So you know, the state

685
00:32:03,440 --> 00:32:05,880
Speaker 19: of competition today might be a little bit different than

686
00:32:05,920 --> 00:32:07,000
Speaker 19: maybe people recognize.

687
00:32:07,560 --> 00:32:10,160
Speaker 2: Are you between a rock and a hard place? Because see,

688
00:32:10,160 --> 00:32:12,360
Speaker 2: I don't want to appear to be necessarily on your side,

689
00:32:12,400 --> 00:32:13,880
Speaker 2: But the more I've looked at this, the more I've

690
00:32:13,920 --> 00:32:16,640
Speaker 2: come to the conclusion there is no scandal at the

691
00:32:16,720 --> 00:32:18,720
Speaker 2: end of the day. I mean, you talked about Costco yesterday.

692
00:32:18,760 --> 00:32:21,880
Speaker 2: Costco's not her answer. The market is open to people

693
00:32:21,920 --> 00:32:24,239
Speaker 2: who want to open up stores. They just don't all

694
00:32:24,320 --> 00:32:26,440
Speaker 2: the in Little didn't even want to participate. I mean,

695
00:32:26,520 --> 00:32:29,080
Speaker 2: how much harder does somebody like her want to look

696
00:32:29,760 --> 00:32:30,800
Speaker 2: to find nothing?

697
00:32:32,600 --> 00:32:36,000
Speaker 19: Look what we would welcome as regulatory certainty because that

698
00:32:36,280 --> 00:32:38,960
Speaker 19: enables us to be efficient, to set up our model

699
00:32:39,040 --> 00:32:41,600
Speaker 19: and to get going, and to be as cheap as

700
00:32:41,640 --> 00:32:43,520
Speaker 19: we can, which means we can get the best value

701
00:32:43,600 --> 00:32:46,800
Speaker 19: on shelf. The size of this market is definitely a

702
00:32:46,920 --> 00:32:48,920
Speaker 19: challenge for the number of players that may be able

703
00:32:48,920 --> 00:32:51,480
Speaker 19: to invest the quite large capital that goes into these

704
00:32:51,520 --> 00:32:55,080
Speaker 19: businesses and the reality is, particularly of these moves now,

705
00:32:55,160 --> 00:32:58,080
Speaker 19: there is very little in anyone's way. If they choose

706
00:32:58,120 --> 00:33:00,080
Speaker 19: to come and invest and compete, they can do.

707
00:33:00,280 --> 00:33:02,840
Speaker 2: You think she will blow the market up once she

708
00:33:02,960 --> 00:33:05,680
Speaker 2: gets this mystery report at some point in the future.

709
00:33:07,200 --> 00:33:10,320
Speaker 19: We've been clear we don't see a positive business case

710
00:33:10,360 --> 00:33:14,080
Speaker 19: for devestment. We do think that getting the job done

711
00:33:14,120 --> 00:33:16,680
Speaker 19: in terms of the analysis will be helpful because there

712
00:33:16,720 --> 00:33:19,680
Speaker 19: are facts that need to be carefully thought about, and

713
00:33:19,840 --> 00:33:22,360
Speaker 19: the fact that the market today has a corporate organization

714
00:33:22,480 --> 00:33:25,360
Speaker 19: and a cooperative organization and they're very different in how

715
00:33:25,400 --> 00:33:28,240
Speaker 19: they work. And you know, on behalf of the families

716
00:33:28,320 --> 00:33:30,760
Speaker 19: that own our stores individually, you know, they are still

717
00:33:30,800 --> 00:33:33,840
Speaker 19: scratching their heads, going, well, what actually is the government

718
00:33:33,920 --> 00:33:36,600
Speaker 19: looking at doing to our businesses? And the sooner we

719
00:33:36,640 --> 00:33:38,680
Speaker 19: can get to certainty on that so they can invest,

720
00:33:39,240 --> 00:33:41,680
Speaker 19: trading their communities and deliver great value, the better.

721
00:33:41,640 --> 00:33:44,160
Speaker 2: All right, appreciate it, Chris Quinn, who's from food stuffs.

722
00:33:44,160 --> 00:33:46,920
Speaker 2: Of course, it also goes back to the butter discussion.

723
00:33:46,960 --> 00:33:49,120
Speaker 2: This is supposed to be a pro business government, right,

724
00:33:49,880 --> 00:33:51,640
Speaker 2: and they seem to be doing a lot of interfering

725
00:33:51,680 --> 00:33:54,959
Speaker 2: in business, which traditionally conservative governments don't do. But more

726
00:33:55,000 --> 00:33:57,760
Speaker 2: with Nicola Willis after the half out ten past seven, Pascal,

727
00:33:57,960 --> 00:34:00,280
Speaker 2: can you report out from the Education Review Office? Right,

728
00:34:00,640 --> 00:34:03,320
Speaker 2: They've been looking into professional development for our teachers. Perhaps

729
00:34:03,400 --> 00:34:05,840
Speaker 2: not surprisingly it's one of the biggest drivers of student success,

730
00:34:05,920 --> 00:34:09,400
Speaker 2: but half of teachers find current settings unclear and ineffective.

731
00:34:10,080 --> 00:34:13,400
Speaker 2: Ruth Denoda is the EROS Dipity Chief executive and is

732
00:34:13,520 --> 00:34:17,480
Speaker 2: with us, Ruth morning, good morning. Unclear and ineffective? What

733
00:34:17,520 --> 00:34:18,800
Speaker 2: does that mean? What are they telling you?

734
00:34:20,239 --> 00:34:22,239
Speaker 22: So what we found is there are three things that

735
00:34:22,440 --> 00:34:27,360
Speaker 22: really make professional development work, which is evidence based teaching techniques,

736
00:34:27,560 --> 00:34:31,320
Speaker 22: practical tools, building on an existing knowledge, and when that works,

737
00:34:31,400 --> 00:34:33,239
Speaker 22: it can be really effective. And we saw some really

738
00:34:33,280 --> 00:34:37,280
Speaker 22: effective stuff, but unfortunately not everything's effective. So, as you said,

739
00:34:37,600 --> 00:34:40,400
Speaker 22: half of teachers said that the most recent professional development

740
00:34:40,440 --> 00:34:42,120
Speaker 22: they did, they weren't sure how to use it in

741
00:34:42,200 --> 00:34:44,600
Speaker 22: the classroom. And that's what we're recommending we change.

742
00:34:44,760 --> 00:34:46,719
Speaker 2: Would you yeah, Well, so you agree with them? Are

743
00:34:46,760 --> 00:34:48,879
Speaker 2: they right and there or are they just misinterpreting what's

744
00:34:48,880 --> 00:34:49,520
Speaker 2: trying to be done?

745
00:34:50,840 --> 00:34:53,160
Speaker 22: Now, what we found is that if it's the doing

746
00:34:53,200 --> 00:34:55,640
Speaker 22: the things that we know work, those really stepped out

747
00:34:55,680 --> 00:34:59,160
Speaker 22: teaching techniques, they're four times more likely to use this

748
00:34:59,239 --> 00:35:02,440
Speaker 22: and change their per and become ever stronger teachers. So

749
00:35:02,520 --> 00:35:05,200
Speaker 22: that's really important. But at the moment, there's no quality

750
00:35:05,280 --> 00:35:08,800
Speaker 22: standard out there, so you can have really high quality development,

751
00:35:08,880 --> 00:35:11,320
Speaker 22: but you can also have development that doesn't work. And

752
00:35:11,520 --> 00:35:13,640
Speaker 22: a third of teachers said what they did most recently

753
00:35:14,000 --> 00:35:15,760
Speaker 22: did have little impact on their practice.

754
00:35:15,880 --> 00:35:17,920
Speaker 2: Right do they have to do this development or can

755
00:35:18,000 --> 00:35:19,080
Speaker 2: they opt in or out?

756
00:35:20,480 --> 00:35:23,920
Speaker 22: All teachers do development like any other profession, and teachers

757
00:35:23,960 --> 00:35:26,080
Speaker 22: investor a lot of time in this, and schools invest

758
00:35:26,120 --> 00:35:28,120
Speaker 22: a lot of money. So the most important things to

759
00:35:28,200 --> 00:35:30,719
Speaker 22: make sure it's delivering for them, and this report shows

760
00:35:30,760 --> 00:35:32,880
Speaker 22: what really does work, So we just need to do.

761
00:35:32,960 --> 00:35:33,279
Speaker 19: More of that.

762
00:35:33,719 --> 00:35:36,279
Speaker 2: Stanford's a Minister of action, is she on top of this?

763
00:35:36,400 --> 00:35:37,719
Speaker 2: Do you expect movement.

764
00:35:37,480 --> 00:35:37,840
Speaker 14: Out of this?

765
00:35:38,960 --> 00:35:41,360
Speaker 22: So one of the encouraging things is that recent English

766
00:35:41,680 --> 00:35:43,640
Speaker 22: and development that's been going out this year in primary

767
00:35:43,640 --> 00:35:46,239
Speaker 22: schools is doing the things the evidence shows work and

768
00:35:46,360 --> 00:35:49,120
Speaker 22: it's having a great impact. So three quarters of teachers

769
00:35:49,160 --> 00:35:51,759
Speaker 22: say to that English development that they're using what they

770
00:35:51,840 --> 00:35:54,720
Speaker 22: learn every day in their classrooms. It's really encouraging.

771
00:35:54,800 --> 00:35:56,680
Speaker 2: Good stuff, nice to talk to your Ruth. Ruths Shinoda,

772
00:35:56,719 --> 00:36:00,480
Speaker 2: Deputy Chief Executive of the ER thirteen minutes past seven. Mike,

773
00:36:00,520 --> 00:36:03,120
Speaker 2: you're oversimplifying. They change the dacre or the restaurant, making

774
00:36:03,160 --> 00:36:05,000
Speaker 2: it plain and stale as well as a sign. So

775
00:36:05,200 --> 00:36:06,720
Speaker 2: what is cracker barrel?

776
00:36:08,040 --> 00:36:08,200
Speaker 8: Mike?

777
00:36:08,280 --> 00:36:11,000
Speaker 2: You purposely missed the cracker barrel point. The woke actions

778
00:36:11,040 --> 00:36:13,920
Speaker 2: reflect the wider decline in society, the extermination of the

779
00:36:13,960 --> 00:36:18,640
Speaker 2: male Western representation, a drift toward Walianism that people rightly reject.

780
00:36:18,719 --> 00:36:21,840
Speaker 2: Not right wing, just lazy journalism. Pete, get over yourself.

781
00:36:22,360 --> 00:36:25,319
Speaker 11: Really, the only option for them now is to put

782
00:36:25,680 --> 00:36:28,480
Speaker 11: a person back, but make that person Sidney Sweeney.

783
00:36:29,440 --> 00:36:33,080
Speaker 2: She's got good genes. It's apparently it's the Dei policy.

784
00:36:33,080 --> 00:36:36,839
Speaker 2: They're known apparently for Dei hiring. And so the tin

785
00:36:36,920 --> 00:36:38,839
Speaker 2: hats have been waiting for something to happen, so they

786
00:36:39,080 --> 00:36:42,600
Speaker 2: leapt on the color of the napkins and the shape

787
00:36:42,640 --> 00:36:44,200
Speaker 2: of the sign. Mike Willis has to be the most

788
00:36:44,239 --> 00:36:47,040
Speaker 2: disappointing part of Luckson's government, followed closely by Sime and Brown.

789
00:36:47,040 --> 00:36:48,640
Speaker 2: They might be good at playing the political game, but

790
00:36:48,680 --> 00:36:51,440
Speaker 2: when it comes to delivery, they've been awful. I disagree

791
00:36:51,480 --> 00:36:53,000
Speaker 2: a bit on Sime, and I mean, dealing with the

792
00:36:53,040 --> 00:36:56,440
Speaker 2: health system is a nightmare beyond nightmares. But Nikola does

793
00:36:56,560 --> 00:36:59,959
Speaker 2: seem to have a predilection or a fascination with things

794
00:37:00,160 --> 00:37:02,520
Speaker 2: that are conspiratorial until they're proven not to be. And

795
00:37:02,560 --> 00:37:04,760
Speaker 2: I cite the Banking Committee, the banking The Finance Committee

796
00:37:04,760 --> 00:37:08,640
Speaker 2: looked for over a year, over a year to find

797
00:37:08,680 --> 00:37:10,719
Speaker 2: the smoking gun, and Banking they couldn't find it. And

798
00:37:10,760 --> 00:37:13,279
Speaker 2: I think we're coming to the conclusion and Supermarket there

799
00:37:13,320 --> 00:37:15,680
Speaker 2: isn't a smoking gun either, But anyway, she'll have a chance.

800
00:37:15,719 --> 00:37:18,239
Speaker 2: Shortly fourteen past the.

801
00:37:18,360 --> 00:37:22,719
Speaker 1: Mike Asking Breakfast Full Show podcast on iHeartRadio powered by

802
00:37:22,800 --> 00:37:23,600
Speaker 1: News Talks.

803
00:37:23,320 --> 00:37:25,759
Speaker 2: At b Team past seven got some very good news

804
00:37:25,800 --> 00:37:28,120
Speaker 2: on New Zealand Fashion Week before eight four you, meantime,

805
00:37:28,320 --> 00:37:31,240
Speaker 2: are also good news property and tourism. Airburn Central Otago

806
00:37:31,360 --> 00:37:33,840
Speaker 2: forecast to become the most popular attraction in the region.

807
00:37:33,960 --> 00:37:37,120
Speaker 2: Over a million are expected to walk through their doors

808
00:37:37,160 --> 00:37:40,360
Speaker 2: now Chris Means the Winton CEO and Airburn owner and

809
00:37:40,440 --> 00:37:43,920
Speaker 2: as well as Chris morning well, I'm well, thank you.

810
00:37:44,000 --> 00:37:46,840
Speaker 2: The line between soaking up an already successful region, in

811
00:37:46,880 --> 00:37:49,040
Speaker 2: other words, you open your doors that people were already there,

812
00:37:49,400 --> 00:37:53,200
Speaker 2: versus providing something that attracts your share plus some what's

813
00:37:53,239 --> 00:37:53,680
Speaker 2: the magic.

814
00:37:54,760 --> 00:37:57,600
Speaker 18: Well, I think you're floating boat rises, floating tide rises

815
00:37:57,680 --> 00:38:00,000
Speaker 18: or boats, and I think we were checking visitors to Queenston.

816
00:38:00,239 --> 00:38:02,120
Speaker 18: So I think the whole region is benefiting from what

817
00:38:02,200 --> 00:38:04,680
Speaker 18: we're doing, and you know, only have that continues into

818
00:38:04,680 --> 00:38:05,080
Speaker 18: the future.

819
00:38:05,320 --> 00:38:08,279
Speaker 2: The car show that was successful, everything seems that you

820
00:38:08,400 --> 00:38:10,480
Speaker 2: built it, they came seems to be the same.

821
00:38:10,880 --> 00:38:12,640
Speaker 18: And I mean, if you go back a few years,

822
00:38:12,680 --> 00:38:14,880
Speaker 18: it was a sheep paddic in the middle of our

823
00:38:14,920 --> 00:38:16,680
Speaker 18: town with a bunch of rubble on the floor which

824
00:38:16,800 --> 00:38:19,600
Speaker 18: used to be the old historic buildings. And you know,

825
00:38:19,719 --> 00:38:22,160
Speaker 18: we had a vision of putting the most magnificent botanic

826
00:38:22,239 --> 00:38:24,200
Speaker 18: garden in New Zealand in the grounds and we've done that,

827
00:38:24,400 --> 00:38:26,960
Speaker 18: and we've built ten restaurants and bars and we've done

828
00:38:27,040 --> 00:38:29,120
Speaker 18: that and they're trading very well and people love it.

829
00:38:29,160 --> 00:38:31,359
Speaker 18: You walk around there and all you see is people

830
00:38:31,360 --> 00:38:32,239
Speaker 18: would a spoil on their face.

831
00:38:32,400 --> 00:38:35,600
Speaker 2: Yeah, was it a risk, I'll hell you, no doubt.

832
00:38:35,840 --> 00:38:38,640
Speaker 18: But if you put it in context, there's about thirty

833
00:38:38,719 --> 00:38:42,000
Speaker 18: million visitors a year at Queenstown and we aim to

834
00:38:42,040 --> 00:38:44,640
Speaker 18: be the thing that everyone does every time they come

835
00:38:44,680 --> 00:38:46,879
Speaker 18: to Queenstown, and so you know, you and a billion

836
00:38:46,920 --> 00:38:49,200
Speaker 18: we're tracking to Northwold, million visitors. It's about right.

837
00:38:49,440 --> 00:38:52,840
Speaker 2: Fantastic. Rest of your report was interesting. How would you

838
00:38:52,920 --> 00:38:55,680
Speaker 2: describe the New Zealand economy in your area? Is it tough.

839
00:38:57,160 --> 00:38:57,279
Speaker 14: All?

840
00:38:57,320 --> 00:39:02,000
Speaker 18: Auckland's diabolical and Twinstown's pretty good. It's a very game

841
00:39:02,040 --> 00:39:02,560
Speaker 18: of two halves.

842
00:39:02,600 --> 00:39:02,719
Speaker 9: You know.

843
00:39:02,880 --> 00:39:06,279
Speaker 18: Queenstown down south is a very tight on supply, it's

844
00:39:06,360 --> 00:39:08,520
Speaker 18: very high on demand, so the market's buoying and it's good,

845
00:39:08,640 --> 00:39:10,839
Speaker 18: and Auckland's almost the opposite. If you go to around

846
00:39:10,840 --> 00:39:13,680
Speaker 18: Auckland today and you walk onto any building site, that

847
00:39:13,960 --> 00:39:16,560
Speaker 18: builder doesn't have work in month's time from now, you

848
00:39:16,600 --> 00:39:18,719
Speaker 18: know the situation here is only getting worse.

849
00:39:18,840 --> 00:39:19,840
Speaker 2: Do you see green shoots?

850
00:39:21,640 --> 00:39:23,920
Speaker 18: Honestly, I don't, and I think you know, I said yesterday,

851
00:39:24,000 --> 00:39:27,080
Speaker 18: until unemployment peaks, you won't see a turnaround. And I

852
00:39:27,200 --> 00:39:29,080
Speaker 18: honestly feel in Auckland that we're a long way from

853
00:39:29,080 --> 00:39:31,040
Speaker 18: the peak of unemployment, which is a sad thing to say,

854
00:39:31,080 --> 00:39:33,680
Speaker 18: and I'm not an economist, but it's certainly just how

855
00:39:33,719 --> 00:39:34,800
Speaker 18: it feels to me on the ground.

856
00:39:35,040 --> 00:39:38,520
Speaker 2: Is there something that somebody can do. You know that

857
00:39:38,719 --> 00:39:40,760
Speaker 2: there are bridges are calling for help from the governors.

858
00:39:40,840 --> 00:39:42,320
Speaker 2: Is there a leaver that can be pulled or is

859
00:39:42,400 --> 00:39:44,360
Speaker 2: this just the result of you know, year's worth of

860
00:39:44,440 --> 00:39:47,160
Speaker 2: neglect and problems and issues and regulation, red tapeing, et cetera.

861
00:39:47,480 --> 00:39:47,640
Speaker 23: Yeah.

862
00:39:47,640 --> 00:39:48,319
Speaker 18: I think it's two things.

863
00:39:48,400 --> 00:39:48,560
Speaker 2: Mark.

864
00:39:48,640 --> 00:39:50,279
Speaker 18: I think they've got to attack this interest row problem.

865
00:39:50,320 --> 00:39:52,000
Speaker 18: It's just got to come down faster. And I know

866
00:39:52,080 --> 00:39:54,279
Speaker 18: you've been saying that, but it's just it's just the

867
00:39:54,360 --> 00:39:56,239
Speaker 18: fact of the matter when you speak to people on

868
00:39:56,280 --> 00:39:58,000
Speaker 18: the ground. But I think also the red tape is

869
00:39:58,800 --> 00:40:00,560
Speaker 18: and you've heard me complain about it before, but it's

870
00:40:00,600 --> 00:40:03,080
Speaker 18: just become disastrous and you just can't get anything done.

871
00:40:03,520 --> 00:40:06,720
Speaker 18: When you're in a market where half to the economy

872
00:40:06,760 --> 00:40:09,759
Speaker 18: relies on construction and building and you can't get building done,

873
00:40:09,840 --> 00:40:10,840
Speaker 18: you know you're going to have a problem.

874
00:40:10,920 --> 00:40:12,640
Speaker 2: Yeah, exactly, all right, Ma, I appreciate it very much,

875
00:40:12,680 --> 00:40:14,759
Speaker 2: Chris May And who's the Winton CEO and Earburn owner?

876
00:40:14,800 --> 00:40:17,479
Speaker 2: Does that not sum up in a way the problem

877
00:40:17,560 --> 00:40:19,080
Speaker 2: of the New Zealand economy. You go to a place

878
00:40:19,160 --> 00:40:21,560
Speaker 2: like Central Otago, you're laughing, and you can do business

879
00:40:21,600 --> 00:40:24,040
Speaker 2: and you can do it well and profitably and successfully.

880
00:40:24,320 --> 00:40:26,080
Speaker 2: You go to the engine room of the economy forty

881
00:40:26,120 --> 00:40:28,719
Speaker 2: percent of GDP in Auckland and the place is completely

882
00:40:28,800 --> 00:40:31,600
Speaker 2: and utterly stuffed. And having said that, I have numbers

883
00:40:31,640 --> 00:40:34,200
Speaker 2: to back that up. Hopefully shortly nineteen past seven.

884
00:40:35,680 --> 00:40:40,319
Speaker 1: The Mike Asking Breakfast full show podcast on iHeartRadio call

885
00:40:40,400 --> 00:40:42,000
Speaker 1: it by News TALKSB.

886
00:40:43,520 --> 00:40:45,239
Speaker 2: You get a lot of this. Visit at Eburn, Mike

887
00:40:45,280 --> 00:40:47,640
Speaker 2: for the first time over the weekend, absolute highlight of

888
00:40:47,840 --> 00:40:51,200
Speaker 2: a labor weekend, to a vibrant atmosphere with people everywhere loved.

889
00:40:51,239 --> 00:40:52,680
Speaker 2: It will good on you. Now, I'll come to the

890
00:40:52,760 --> 00:40:55,000
Speaker 2: Auckland CBD numbers in just a moment. Seven twenty three.

891
00:40:55,560 --> 00:40:58,279
Speaker 2: I can tell you this for nothing is with real enthusiasm.

892
00:40:58,360 --> 00:41:01,200
Speaker 2: I see that the Public Service Commissioner brand wrote potentially

893
00:41:01,280 --> 00:41:04,359
Speaker 2: doing what the main government should have done two years ago.

894
00:41:04,560 --> 00:41:07,520
Speaker 2: What the government did two years ago was say they

895
00:41:07,560 --> 00:41:09,760
Speaker 2: were going to rectify the absurd size of the public service.

896
00:41:09,800 --> 00:41:12,759
Speaker 2: Remember that it had blown out to gargantuan proportions under

897
00:41:12,760 --> 00:41:14,680
Speaker 2: the Labour government who knew no bounds in terms of

898
00:41:14,719 --> 00:41:18,719
Speaker 2: fiscal largest based on debt. What sadly, actually the new

899
00:41:18,760 --> 00:41:21,560
Speaker 2: government did with the public service was tinker. It peaked

900
00:41:21,560 --> 00:41:24,240
Speaker 2: at a bit over sixty five thousand, It now sits

901
00:41:24,280 --> 00:41:27,080
Speaker 2: this morning at a bit over sixty three thousand, and

902
00:41:27,200 --> 00:41:29,319
Speaker 2: has in fact, in the ensuing period gone up again.

903
00:41:29,960 --> 00:41:32,200
Speaker 2: So rough math, they will tell you they got rid

904
00:41:32,200 --> 00:41:34,360
Speaker 2: of about two thousand people. Now, as a raw number,

905
00:41:35,040 --> 00:41:37,840
Speaker 2: that's a lot of jobs. As a percentage though, it's tiny,

906
00:41:37,920 --> 00:41:40,400
Speaker 2: and as an effective exercise and efficiency and savings, it's

907
00:41:40,440 --> 00:41:43,640
Speaker 2: a joke. The shame of it was the new government

908
00:41:43,680 --> 00:41:45,759
Speaker 2: of the day had license. Of course. Yes it was controversial,

909
00:41:45,880 --> 00:41:47,879
Speaker 2: Yes the union's bleated and moaned, and yes the media

910
00:41:47,920 --> 00:41:50,080
Speaker 2: went to town on a Tory slash and boom exercise,

911
00:41:50,120 --> 00:41:53,160
Speaker 2: all that predictable nonsense. But the trick was always simple.

912
00:41:53,480 --> 00:41:55,919
Speaker 2: If you're going to dish out the bad news, go hard,

913
00:41:56,120 --> 00:41:59,280
Speaker 2: doze it, blow it up, do it once, do it properly,

914
00:41:59,520 --> 00:42:02,160
Speaker 2: now all out the headlines. The anger will be exactly

915
00:42:02,239 --> 00:42:04,239
Speaker 2: the same whether you're trim a couple of thousand for

916
00:42:04,320 --> 00:42:06,320
Speaker 2: no effect or six and a half thousand, say and

917
00:42:06,440 --> 00:42:09,080
Speaker 2: make a difference. So they blew it. They took the

918
00:42:09,160 --> 00:42:11,919
Speaker 2: heat but got few of any results. In an odd way.

919
00:42:12,040 --> 00:42:14,960
Speaker 2: If you think about it, it's symbolic of the weaker

920
00:42:15,040 --> 00:42:16,920
Speaker 2: parts of this government at the moment. Lots of ideas,

921
00:42:16,960 --> 00:42:19,080
Speaker 2: lots of rhetoric and execution. They never quite a line.

922
00:42:19,480 --> 00:42:21,759
Speaker 2: But now the Commissioner, Brian Roach, looks to be having

923
00:42:21,800 --> 00:42:26,000
Speaker 2: another crack by merging departments. Ministries of Women, Pacific, People's disabled,

924
00:42:26,000 --> 00:42:28,640
Speaker 2: people's married Development could all be in for an up ending.

925
00:42:28,719 --> 00:42:31,759
Speaker 2: I'd go further personally, the never ending series of commissioners

926
00:42:31,760 --> 00:42:33,800
Speaker 2: and their officers that have got no actual power and

927
00:42:33,880 --> 00:42:36,800
Speaker 2: really only right reports. They'd not be missed. But the ministries,

928
00:42:36,880 --> 00:42:40,040
Speaker 2: for ministry's sake, is what holds this country back. They

929
00:42:40,080 --> 00:42:42,160
Speaker 2: will all fill a space to meet their budget. Of

930
00:42:42,200 --> 00:42:45,000
Speaker 2: course they will so called mandate. If this is on,

931
00:42:45,760 --> 00:42:48,520
Speaker 2: and I pray it is, wait for the bleating. Every

932
00:42:48,600 --> 00:42:50,600
Speaker 2: one of them will tell you the critical nature of

933
00:42:50,680 --> 00:42:53,759
Speaker 2: their existence. But I defy any one of you to

934
00:42:53,880 --> 00:42:56,600
Speaker 2: list me the profound and productive change that they have

935
00:42:56,719 --> 00:42:59,080
Speaker 2: made to any one of our lives, and given you

936
00:42:59,200 --> 00:43:02,960
Speaker 2: can't when they fall into the category of larges, waste

937
00:43:03,080 --> 00:43:07,279
Speaker 2: and tokenism, do it once, do it right. That's how

938
00:43:07,480 --> 00:43:11,920
Speaker 2: change should happen. Basking right CBD numbers. This morning in Auckland,

939
00:43:13,000 --> 00:43:16,520
Speaker 2: Chris calls it diabolical. I think he's onto it. Auckland

940
00:43:16,560 --> 00:43:20,040
Speaker 2: reached a national record currently sitting at thirteen percent vacancy rate.

941
00:43:20,239 --> 00:43:22,960
Speaker 2: What's a good vacancy rate? One two? If you got

942
00:43:23,000 --> 00:43:25,279
Speaker 2: two three percent something like that, you're thinking, yeah, thing's

943
00:43:25,400 --> 00:43:27,560
Speaker 2: reasonably tight. A little bit about but you know we're

944
00:43:27,600 --> 00:43:30,319
Speaker 2: doing okay. This comes to us from Bailey's this morning,

945
00:43:30,360 --> 00:43:34,799
Speaker 2: their retail market update last October. They found that vacancy's

946
00:43:34,880 --> 00:43:40,239
Speaker 2: in downtown Auckland sixteen point five percent. I mean, it's

947
00:43:40,360 --> 00:43:43,160
Speaker 2: like it's a ghost town. Whereas you compare it to say,

948
00:43:43,160 --> 00:43:46,160
Speaker 2: the north Shore of Auckland five percent, that's bad enough.

949
00:43:46,360 --> 00:43:49,160
Speaker 2: Out West two point eight, Metropolitan four point three, South

950
00:43:49,200 --> 00:43:54,440
Speaker 2: Auckland one point three. Wellington basket case CBD, thanks Tory

951
00:43:55,080 --> 00:43:59,239
Speaker 2: fire point three. Even Wellington, the poster child of incompetence

952
00:43:59,320 --> 00:44:01,960
Speaker 2: at fire point three three doesn't match Welling Auckland at

953
00:44:02,000 --> 00:44:05,279
Speaker 2: thirteen Tower wrong A three point nine, Hamilton two point six.

954
00:44:05,400 --> 00:44:07,480
Speaker 2: Christ You's three point three to need in one point nine.

955
00:44:09,680 --> 00:44:13,360
Speaker 2: So that is what a lockdown and road cones and

956
00:44:13,960 --> 00:44:18,040
Speaker 2: bus lanes and bike lanes and no parking and gridlock

957
00:44:18,920 --> 00:44:21,759
Speaker 2: and an aptitude does for you. Sadly, Mike, I think

958
00:44:21,800 --> 00:44:24,399
Speaker 2: you've lost your objectivity when it comes to supermarkets. See

959
00:44:24,440 --> 00:44:27,400
Speaker 2: be you wrong. Objectivity is one of the things I

960
00:44:27,520 --> 00:44:29,239
Speaker 2: defend myself on and I think I'm proven to be

961
00:44:29,320 --> 00:44:31,719
Speaker 2: right here is I couldn't kill less. If there's a

962
00:44:31,719 --> 00:44:34,560
Speaker 2: scandal in supermarkets, fix it. I don't care. I'm not

963
00:44:34,640 --> 00:44:36,640
Speaker 2: saying there is a re isn't. All I've found out

964
00:44:37,080 --> 00:44:39,520
Speaker 2: is after the ensuing couple of years of the Nikola

965
00:44:39,560 --> 00:44:42,520
Speaker 2: Willis campaign, there is no scandal here, and if there is,

966
00:44:42,640 --> 00:44:44,960
Speaker 2: go ahead, do it. Do whatever you need to do

967
00:44:45,480 --> 00:44:47,640
Speaker 2: to fix it. So when I go into the supermarket,

968
00:44:47,920 --> 00:44:51,080
Speaker 2: I can go tell you what things are cheaper because

969
00:44:51,080 --> 00:44:51,919
Speaker 2: they've changed the rules.

970
00:44:52,000 --> 00:44:52,239
Speaker 7: Fanta.

971
00:44:52,480 --> 00:44:52,920
Speaker 18: Just do it.

972
00:44:53,200 --> 00:44:54,919
Speaker 2: But they haven't done anything. You know why they haven't

973
00:44:54,920 --> 00:44:58,000
Speaker 2: done anything because there's nothing to do. There's a couple

974
00:44:58,080 --> 00:44:59,840
Speaker 2: of things very early on. You might remember some of

975
00:44:59,840 --> 00:45:03,040
Speaker 2: the supermarkets were holding land too long. That was anti competitive.

976
00:45:03,040 --> 00:45:05,960
Speaker 2: They fixed that. We all agree there's too much red

977
00:45:06,000 --> 00:45:07,720
Speaker 2: tape in this country. We need to make it easier

978
00:45:07,760 --> 00:45:09,480
Speaker 2: to do business. Good do it? Has she done it?

979
00:45:09,600 --> 00:45:09,640
Speaker 18: No?

980
00:45:10,160 --> 00:45:11,080
Speaker 2: Just keeps talking about it.

981
00:45:11,360 --> 00:45:12,080
Speaker 13: Fix it, do it.

982
00:45:12,640 --> 00:45:15,600
Speaker 2: But so I'm completely open to anything. I don't care

983
00:45:16,040 --> 00:45:18,880
Speaker 2: if you've got a problem. If you can articulate the problem,

984
00:45:19,120 --> 00:45:21,120
Speaker 2: then fix the problem. That's what we elected you to do.

985
00:45:21,560 --> 00:45:23,880
Speaker 2: But if you just keep jaw boning it, guess what happens.

986
00:45:24,719 --> 00:45:27,040
Speaker 2: We lose faith in your ability to do your job.

987
00:45:27,600 --> 00:45:29,759
Speaker 2: Georgia Lyons, you know her, you love the music. She's

988
00:45:29,800 --> 00:45:32,040
Speaker 2: in the studio after eight for a song and a chat.

989
00:45:34,000 --> 00:45:37,960
Speaker 1: New Zealand's home for trusted news and views, the Mic

990
00:45:38,080 --> 00:45:42,799
Speaker 1: Hosking Breakfast with Bailey's real Estate altogether better across residential,

991
00:45:42,880 --> 00:45:44,359
Speaker 1: commercial and rural news.

992
00:45:44,440 --> 00:45:45,560
Speaker 11: Togs Head been three.

993
00:45:45,440 --> 00:45:47,680
Speaker 2: Minutes away from back to the supermarkets and the Willis

994
00:45:47,719 --> 00:45:50,200
Speaker 2: crusade to make Controlley cheaper. Yesterday we got the fast

995
00:45:50,280 --> 00:45:53,319
Speaker 2: laye News also a single Consent Authority designated to handle

996
00:45:53,360 --> 00:45:56,560
Speaker 2: development's nation Why Nikola Willis's the Minister for Economic Growth

997
00:45:56,920 --> 00:45:59,640
Speaker 2: and is back with it's good morning, Good morning.

998
00:45:59,719 --> 00:45:59,879
Speaker 18: Mind.

999
00:46:00,000 --> 00:46:02,320
Speaker 2: Now, now I'm disappointed at the moment because what we

1000
00:46:02,440 --> 00:46:04,680
Speaker 2: got yesterday, correct me if I'm wrong had already been

1001
00:46:04,680 --> 00:46:06,160
Speaker 2: talked about and announced, hadn't it?

1002
00:46:07,360 --> 00:46:10,960
Speaker 24: No, it hadn't been. Because what we announced yesterday is

1003
00:46:11,160 --> 00:46:14,000
Speaker 24: a change to the Fast Track Act, which bear in mind,

1004
00:46:14,160 --> 00:46:17,120
Speaker 24: was only pass in December. Sure, that there is an

1005
00:46:17,160 --> 00:46:21,800
Speaker 24: express lane specifically for new supermarket competitives when out for

1006
00:46:21,880 --> 00:46:25,200
Speaker 24: the first time, there will be a nationwide Building Content

1007
00:46:25,320 --> 00:46:29,000
Speaker 24: Authority that can speed up all building consents for new

1008
00:46:29,080 --> 00:46:31,840
Speaker 24: supermarket competitives. That we will have a multi proof scheme

1009
00:46:31,920 --> 00:46:35,000
Speaker 24: where they can get multiple building consents issued at once.

1010
00:46:35,440 --> 00:46:38,520
Speaker 24: That we will streamline the pathway to new competitors through

1011
00:46:38,560 --> 00:46:41,360
Speaker 24: the Overseas Investment Act. That we will amend the Commerce

1012
00:46:41,440 --> 00:46:45,600
Speaker 24: Act to stop competitors using predatory pricing to stamp out

1013
00:46:46,040 --> 00:46:49,920
Speaker 24: new entrants, and that we will be looking at innovative

1014
00:46:49,960 --> 00:46:52,840
Speaker 24: solutions to make sure we can import products from overseas

1015
00:46:52,880 --> 00:46:55,879
Speaker 24: that have labels that don't currently meet our regulations. Those

1016
00:46:55,920 --> 00:46:59,879
Speaker 24: are the specific issues raised by the people actively look

1017
00:47:00,160 --> 00:47:02,759
Speaker 24: at New Zealand as a potential place to invest in

1018
00:47:02,840 --> 00:47:05,400
Speaker 24: a new supermarket. So we're responding to the people in

1019
00:47:05,440 --> 00:47:08,359
Speaker 24: the know yep, based on facts, having done the work.

1020
00:47:08,520 --> 00:47:11,399
Speaker 2: Fantastic. But you've said all that before, because I've done

1021
00:47:11,440 --> 00:47:13,400
Speaker 2: interviews on each and every one of those subjects and

1022
00:47:13,400 --> 00:47:14,520
Speaker 2: it's all been pre announced.

1023
00:47:15,560 --> 00:47:18,000
Speaker 24: I have never announced before that we will be introducing

1024
00:47:18,120 --> 00:47:21,279
Speaker 24: a law and passing it by Christmas to create an

1025
00:47:21,280 --> 00:47:24,480
Speaker 24: express lane for supermarkets. And yes, you're right, lots of

1026
00:47:24,520 --> 00:47:27,360
Speaker 24: people have talked about that, Mike. We're doing it. We

1027
00:47:27,480 --> 00:47:30,600
Speaker 24: are changing the law in a specific way that responds

1028
00:47:30,719 --> 00:47:33,879
Speaker 24: directly to the concerns from future competitors. Because I've heard

1029
00:47:33,920 --> 00:47:35,239
Speaker 24: you on the show this morning and i just want

1030
00:47:35,239 --> 00:47:38,320
Speaker 24: to remind you what's at stake, because when a competing

1031
00:47:38,400 --> 00:47:41,040
Speaker 24: cost co sets up, it's not just about the fact

1032
00:47:41,080 --> 00:47:45,400
Speaker 24: that it has potentially cheaper prices at local shoppers around

1033
00:47:45,440 --> 00:47:47,360
Speaker 24: the corner from the costco and we stalkland right now

1034
00:47:47,440 --> 00:47:50,040
Speaker 24: there's a Pack and Save selling months. The mints they

1035
00:47:50,160 --> 00:47:53,560
Speaker 24: sell is a dollar cheaper per kilogram the mints at

1036
00:47:53,600 --> 00:47:56,680
Speaker 24: the Pack and Save and botany Why well, I would

1037
00:47:56,680 --> 00:47:58,719
Speaker 24: say to you, when you get a new competitor, you

1038
00:47:58,840 --> 00:48:01,120
Speaker 24: get more price pressure. That's what we want to deliver.

1039
00:48:01,280 --> 00:48:05,640
Speaker 24: The another costco, another new season market. That's good news

1040
00:48:05,680 --> 00:48:09,719
Speaker 24: to everyone. So yes, options were.

1041
00:48:09,600 --> 00:48:12,239
Speaker 2: You're getting tripped up. There are no more cost codes

1042
00:48:12,560 --> 00:48:15,160
Speaker 2: and your own admission yesterday. There might be one more,

1043
00:48:15,200 --> 00:48:17,640
Speaker 2: There might in the Christmas time be two more in

1044
00:48:17,719 --> 00:48:20,600
Speaker 2: a number of years. What you wanted was another national player.

1045
00:48:21,200 --> 00:48:23,160
Speaker 2: You haven't got one. I mean we all agree, look

1046
00:48:23,360 --> 00:48:26,720
Speaker 2: red tape, yes, clean it up, get consent, going fantastic, brilliant,

1047
00:48:26,960 --> 00:48:28,879
Speaker 2: But elder don't want to bar of it. Little don't

1048
00:48:28,880 --> 00:48:30,680
Speaker 2: want to bar of it? Ask yourself why.

1049
00:48:31,719 --> 00:48:33,800
Speaker 24: Well, first of all, we don't want to agree. Remember

1050
00:48:33,880 --> 00:48:36,439
Speaker 24: we've got an opposition that opposed all of the fast.

1051
00:48:36,520 --> 00:48:39,719
Speaker 2: Yeah, but you forget them there, you're in charge, you're

1052
00:48:39,760 --> 00:48:41,160
Speaker 2: in the gum, get on with the red tape and

1053
00:48:41,200 --> 00:48:41,920
Speaker 2: all that sort of stuff.

1054
00:48:41,920 --> 00:48:42,719
Speaker 7: We're all on board with.

1055
00:48:42,760 --> 00:48:43,200
Speaker 14: That, mate.

1056
00:48:43,280 --> 00:48:46,000
Speaker 24: Certain Let me take you back to Costco because actually

1057
00:48:46,239 --> 00:48:49,160
Speaker 24: we've engaged very thoroughly with them, because we didn't want

1058
00:48:49,200 --> 00:48:52,239
Speaker 24: to put forward changes that don't actually work. For someone

1059
00:48:52,280 --> 00:48:55,759
Speaker 24: who's actively looking at new investments on narveseed, this will

1060
00:48:55,960 --> 00:48:58,520
Speaker 24: definitely assist them. They think this is a set of

1061
00:48:58,600 --> 00:49:02,200
Speaker 24: provisions that actually will make you Zengland to stand out internationally,

1062
00:49:02,640 --> 00:49:05,319
Speaker 24: and they have said that they are actively looking at

1063
00:49:05,400 --> 00:49:08,480
Speaker 24: opening new stores. Now I don't make their investment decisions,

1064
00:49:08,520 --> 00:49:10,080
Speaker 24: but what I can do is make sure they've got

1065
00:49:10,120 --> 00:49:12,920
Speaker 24: the best conditions possible. I also now have a welcome

1066
00:49:12,960 --> 00:49:16,360
Speaker 24: mat that is very clear in law and regulation that

1067
00:49:16,520 --> 00:49:20,200
Speaker 24: when we engage with Audi little other international places Walmart

1068
00:49:20,480 --> 00:49:22,840
Speaker 24: for example, we can say, look, take another look at

1069
00:49:22,880 --> 00:49:25,960
Speaker 24: new Zealand. It's way easier to open new stores here

1070
00:49:26,280 --> 00:49:28,840
Speaker 24: than it is in Australia or elsewhere, instead of expanding

1071
00:49:28,920 --> 00:49:31,719
Speaker 24: into another space in Australia. Think about New Zealand. You've

1072
00:49:31,719 --> 00:49:34,279
Speaker 24: got a government who is absolutely raring to go, who

1073
00:49:34,400 --> 00:49:36,560
Speaker 24: is on your side. Now, I owe it to everyone

1074
00:49:36,680 --> 00:49:39,239
Speaker 24: to make sure we've taken all those steps before I

1075
00:49:39,360 --> 00:49:43,480
Speaker 24: take any more dramatic modes. So thorough approach.

1076
00:49:43,800 --> 00:49:45,400
Speaker 2: Okay, let me come to the regulation in just a

1077
00:49:45,440 --> 00:49:46,040
Speaker 2: couple of months.

1078
00:49:46,640 --> 00:49:48,880
Speaker 24: It's stated by this Mike, we're on the side of

1079
00:49:48,920 --> 00:49:49,360
Speaker 24: a shopper.

1080
00:49:49,680 --> 00:49:50,040
Speaker 14: We know.

1081
00:49:51,520 --> 00:49:53,120
Speaker 2: We're all on the side of the shopper, but I

1082
00:49:53,320 --> 00:49:54,080
Speaker 2: just want more action.

1083
00:49:55,000 --> 00:49:58,239
Speaker 7: Yes I am, but what did you do?

1084
00:49:58,360 --> 00:50:02,640
Speaker 2: These things will not This is where your messages are.

1085
00:50:02,520 --> 00:50:03,959
Speaker 24: Giving mixed crusaders wrong.

1086
00:50:04,120 --> 00:50:07,960
Speaker 2: Why would slash, slash and burn the paper? No problem

1087
00:50:08,040 --> 00:50:09,480
Speaker 2: with that. I would make it fast to do it.

1088
00:50:09,560 --> 00:50:12,760
Speaker 2: What you're You've got to admit Costco are not rolling

1089
00:50:12,840 --> 00:50:15,160
Speaker 2: out a series of nationwide supermarkets.

1090
00:50:15,600 --> 00:50:19,120
Speaker 24: Well, what they've indicated to us is that they are

1091
00:50:19,160 --> 00:50:22,719
Speaker 24: looking at the possibility of several news stores. I take

1092
00:50:22,760 --> 00:50:25,520
Speaker 24: them at their word, and I've engaged directly with them

1093
00:50:25,560 --> 00:50:27,759
Speaker 24: to say, well, why is that and the reason, Mike

1094
00:50:27,920 --> 00:50:30,480
Speaker 24: is not just that they think there are shoppers who

1095
00:50:30,520 --> 00:50:32,640
Speaker 24: will flop to their stores, because they've already got more

1096
00:50:32,640 --> 00:50:35,560
Speaker 24: than one hundred thousand members in Auckland. It's also because

1097
00:50:35,600 --> 00:50:38,600
Speaker 24: they think New Zealand products are awesome. They're already selling

1098
00:50:38,719 --> 00:50:41,080
Speaker 24: more than a billion dollars worth of New Zealand food

1099
00:50:41,200 --> 00:50:44,000
Speaker 24: and their international cost codes, and they want to have

1100
00:50:44,160 --> 00:50:46,640
Speaker 24: an ongoing relationship with New Zealand in which they can

1101
00:50:46,719 --> 00:50:49,480
Speaker 24: take more of our food products to their international stores.

1102
00:50:49,520 --> 00:50:53,000
Speaker 24: So they see us as a long term proposition. That's fantastic.

1103
00:50:53,120 --> 00:50:54,880
Speaker 24: It is why not get onside and get rid of

1104
00:50:54,920 --> 00:50:58,520
Speaker 24: the red tape that might slow them down at a

1105
00:50:58,600 --> 00:51:00,360
Speaker 24: store it would take years to do it. We're going

1106
00:51:00,440 --> 00:51:01,279
Speaker 24: to make sure it takes a month.

1107
00:51:01,640 --> 00:51:04,000
Speaker 2: The problem though with the red tape is that if

1108
00:51:04,040 --> 00:51:05,920
Speaker 2: Eldie and Little don't want to take part of it,

1109
00:51:05,960 --> 00:51:07,520
Speaker 2: I mean they can see through that, they can see

1110
00:51:07,560 --> 00:51:09,799
Speaker 2: what you're trying to do. They're not idiots, so if

1111
00:51:09,800 --> 00:51:11,759
Speaker 2: they're going to go, look, if you do this, we'll

1112
00:51:11,880 --> 00:51:13,680
Speaker 2: come on board. They didn't even do that because that

1113
00:51:13,840 --> 00:51:15,919
Speaker 2: the market's too small. We're five and a half million people.

1114
00:51:16,000 --> 00:51:18,759
Speaker 2: That's our problem, not the conspiracy you're running.

1115
00:51:19,440 --> 00:51:22,120
Speaker 24: Well, I disagree with that because what you are seeing

1116
00:51:22,239 --> 00:51:25,640
Speaker 24: from Alde is they started small in Australia and they

1117
00:51:25,719 --> 00:51:29,120
Speaker 24: went on a state by state approach and actually, when

1118
00:51:29,160 --> 00:51:31,560
Speaker 24: you look at New Zealand, we're not dissimilar in size

1119
00:51:31,600 --> 00:51:34,839
Speaker 24: to an Australian state. And what you do here from

1120
00:51:34,960 --> 00:51:38,040
Speaker 24: anyone internationally thinking about investing as they say, well, we

1121
00:51:38,120 --> 00:51:40,960
Speaker 24: need to understand that we've got regulatory certainty, that we

1122
00:51:41,080 --> 00:51:43,120
Speaker 24: know how the place works, that we can get things

1123
00:51:43,160 --> 00:51:47,759
Speaker 24: done quickly with certainty. We are developing all of those

1124
00:51:47,840 --> 00:51:50,120
Speaker 24: conditions so that they can take another look at us.

1125
00:51:51,960 --> 00:51:54,440
Speaker 24: We're also got domestic players interested, Mike, and they just

1126
00:51:54,560 --> 00:51:57,479
Speaker 24: kind of missed yesterday that they're domestic players saying okay,

1127
00:51:57,520 --> 00:52:00,520
Speaker 24: what would it take, and things like introducing changes to

1128
00:52:00,600 --> 00:52:03,160
Speaker 24: the Commerce Act to have proper predatory price in law

1129
00:52:03,600 --> 00:52:06,920
Speaker 24: really important to people who are considering setting up shops

1130
00:52:06,960 --> 00:52:09,200
Speaker 24: in New Zealand because what they don't want to do

1131
00:52:09,520 --> 00:52:12,839
Speaker 24: is invest hundreds of millions of dollars in capital only

1132
00:52:12,960 --> 00:52:16,000
Speaker 24: be to be stamped out by the big guys using

1133
00:52:16,080 --> 00:52:19,239
Speaker 24: their market power and appropriately, so we're taking all the

1134
00:52:19,320 --> 00:52:22,360
Speaker 24: steps to make this easier and it's a Crusade was

1135
00:52:23,000 --> 00:52:25,880
Speaker 24: taking on Bok to New Zealand right now. This is

1136
00:52:25,920 --> 00:52:26,879
Speaker 24: the biggest use of the end.

1137
00:52:28,360 --> 00:52:30,480
Speaker 2: Sensible to help okay, fair enough proofers in the pudding.

1138
00:52:30,680 --> 00:52:32,839
Speaker 2: The people I've forgotten their name, sorry, the people doing

1139
00:52:32,920 --> 00:52:35,640
Speaker 2: your report on the regulation of the market, the same

1140
00:52:35,640 --> 00:52:37,120
Speaker 2: people who did it for Labor. What are they called?

1141
00:52:38,520 --> 00:52:40,759
Speaker 24: Well, no, they are one of the advisors that we

1142
00:52:40,800 --> 00:52:43,280
Speaker 24: have employed, and I'm actually taking a range of advice.

1143
00:52:43,680 --> 00:52:44,359
Speaker 2: But who are they.

1144
00:52:45,760 --> 00:52:47,160
Speaker 24: Well, I'm not going to tell you with the names

1145
00:52:47,200 --> 00:52:48,160
Speaker 24: of all of our advisors.

1146
00:52:48,440 --> 00:52:50,640
Speaker 2: The one I told us yesterday, the one that's what

1147
00:52:50,800 --> 00:52:52,319
Speaker 2: they're not called. It starts with the sea.

1148
00:52:52,400 --> 00:52:55,200
Speaker 24: Can you Earlier in the year, I confirmed that we

1149
00:52:55,280 --> 00:52:58,680
Speaker 24: had engaged Coriolis for some initial with Arriolas. I'm actually

1150
00:52:58,800 --> 00:53:02,200
Speaker 24: making sure that we're accessing a wider pool of advisors

1151
00:53:02,680 --> 00:53:04,480
Speaker 24: because what I want to make sure is that that

1152
00:53:04,600 --> 00:53:08,480
Speaker 24: analysis is thorough. Because I'm with you, there are risks

1153
00:53:08,719 --> 00:53:12,040
Speaker 24: and costs to a significant move such as that, so

1154
00:53:12,160 --> 00:53:14,160
Speaker 24: you have to have looked through it carefully. And the

1155
00:53:14,239 --> 00:53:16,080
Speaker 24: reason I'm not saying here's the date on which I'm

1156
00:53:16,120 --> 00:53:19,319
Speaker 24: launching the reporters. When I get that advice, if there

1157
00:53:19,320 --> 00:53:21,359
Speaker 24: are gaps in it, or there's analysis that I don't

1158
00:53:21,400 --> 00:53:23,759
Speaker 24: think is thorough enough. You bet your bottom dollar I'm

1159
00:53:23,760 --> 00:53:25,400
Speaker 24: going to go back to the advisors and say I

1160
00:53:25,480 --> 00:53:27,680
Speaker 24: need more on this, I need more analysis on that.

1161
00:53:28,080 --> 00:53:30,080
Speaker 24: So I'm not setting a false deadline. What's important to

1162
00:53:30,120 --> 00:53:31,920
Speaker 24: me is we get that piece of work right, that

1163
00:53:32,000 --> 00:53:34,920
Speaker 24: we've thoroughly looked at it, because many of the respondents

1164
00:53:35,320 --> 00:53:37,759
Speaker 24: to the requests information we put out set actually, you've

1165
00:53:37,800 --> 00:53:40,400
Speaker 24: got a real market power issue. We think you're going

1166
00:53:40,440 --> 00:53:42,760
Speaker 24: to have to do something structural. There's lots of options

1167
00:53:42,840 --> 00:53:44,640
Speaker 24: for how we do that. We think you're going to

1168
00:53:44,640 --> 00:53:46,880
Speaker 24: have to do something about the dominance of the existing

1169
00:53:46,920 --> 00:53:50,480
Speaker 24: big players if you're really going to get a competition

1170
00:53:50,560 --> 00:53:52,120
Speaker 24: going in with the Coriolis.

1171
00:53:52,200 --> 00:53:55,840
Speaker 2: Did this for labor, Sure they did, and.

1172
00:53:58,080 --> 00:54:00,719
Speaker 24: Well because we're now in a very different time where

1173
00:54:00,840 --> 00:54:02,360
Speaker 24: water has flowed down to the bridge, we have a

1174
00:54:02,400 --> 00:54:05,239
Speaker 24: lot more data available to us from the grocery Commissioner.

1175
00:54:05,440 --> 00:54:08,200
Speaker 24: We've also got a government who is changing the conditions

1176
00:54:08,239 --> 00:54:11,080
Speaker 24: in which competition can occur. So those are all factors

1177
00:54:11,160 --> 00:54:14,120
Speaker 24: that many analysis today looks very different from the analyomy.

1178
00:54:14,120 --> 00:54:15,040
Speaker 2: What do we pay labor?

1179
00:54:16,960 --> 00:54:20,359
Speaker 24: Well, I will be able to reveal that or consparently

1180
00:54:20,440 --> 00:54:21,960
Speaker 24: when we when we've paid it. Well, I can't.

1181
00:54:22,000 --> 00:54:24,280
Speaker 2: I can't tell you that running one hundred one thousand

1182
00:54:24,360 --> 00:54:26,400
Speaker 2: so far, Yes.

1183
00:54:26,360 --> 00:54:28,680
Speaker 24: But it will be a lot cheaper Mike than you

1184
00:54:28,760 --> 00:54:29,520
Speaker 24: seeing it wrong.

1185
00:54:29,760 --> 00:54:32,359
Speaker 2: Well, it's just doing it. I just want to get

1186
00:54:32,600 --> 00:54:35,040
Speaker 2: this industry where you both get doing things twice.

1187
00:54:35,719 --> 00:54:37,680
Speaker 24: Well, like you see. Alternative is that I just take

1188
00:54:37,719 --> 00:54:41,240
Speaker 24: advice from the officials in Wellington who aren't competition experts,

1189
00:54:41,640 --> 00:54:45,040
Speaker 24: haven't analyzed regulatory frameworks throughout the world, don't have the

1190
00:54:45,120 --> 00:54:48,400
Speaker 24: economists and economic metric modeling, and I'm not going to

1191
00:54:48,440 --> 00:54:50,120
Speaker 24: take that approach. I want to get the very best

1192
00:54:50,120 --> 00:54:52,160
Speaker 24: advice available to us, because this is important to.

1193
00:54:52,200 --> 00:54:54,920
Speaker 2: Keyw When will I be able to walk down Aisle

1194
00:54:55,040 --> 00:54:59,320
Speaker 2: six and think this is noticeably cheaper because Nikola Willis

1195
00:54:59,440 --> 00:54:59,680
Speaker 2: was here.

1196
00:55:01,320 --> 00:55:03,560
Speaker 24: Well, I think if you were in West Taalkland.

1197
00:55:03,160 --> 00:55:07,200
Speaker 2: Today and you will to no matter, just assuming all

1198
00:55:07,239 --> 00:55:09,560
Speaker 2: the cost goes aren't being rolled out. When is this

1199
00:55:09,719 --> 00:55:12,839
Speaker 2: reform going to materially change my supermarket shop?

1200
00:55:14,320 --> 00:55:17,600
Speaker 24: When you've got nationwide a competitor and all of the

1201
00:55:17,719 --> 00:55:21,560
Speaker 24: major urban centers, that is making the big guys change

1202
00:55:21,600 --> 00:55:23,880
Speaker 24: their behavior. Now, this is a problem that built up

1203
00:55:23,880 --> 00:55:26,160
Speaker 24: over twenty to thirty years, and I have never promised

1204
00:55:26,160 --> 00:55:28,680
Speaker 24: there'll be an overnight solution. But the alternative point of

1205
00:55:28,719 --> 00:55:31,040
Speaker 24: view is to say, well, because it will take a while,

1206
00:55:31,120 --> 00:55:34,160
Speaker 24: just don't bother. And I think that is a reprehensible

1207
00:55:34,200 --> 00:55:36,520
Speaker 24: way to approach government, to say, unless you can solve

1208
00:55:36,560 --> 00:55:40,080
Speaker 24: a problem in three months with a simple solution, don't

1209
00:55:40,239 --> 00:55:43,000
Speaker 24: even try it. Well, I'm actually here for the long

1210
00:55:43,120 --> 00:55:45,720
Speaker 24: term of the country. This is a long term issue

1211
00:55:45,800 --> 00:55:48,040
Speaker 24: in which our supermarket sector does not work as well

1212
00:55:48,080 --> 00:55:49,759
Speaker 24: as it does in other countries and as well as

1213
00:55:49,800 --> 00:55:52,200
Speaker 24: it should. And I am prepared to take the time

1214
00:55:52,480 --> 00:55:54,680
Speaker 24: to put in long term solutions that may not bear

1215
00:55:54,800 --> 00:55:58,080
Speaker 24: fruit that gives me instant votes tomorrow. This is actually

1216
00:55:58,200 --> 00:55:59,400
Speaker 24: more important than that.

1217
00:56:00,040 --> 00:56:03,319
Speaker 2: Appreciate your time as always. Nicola Willis, Minister of Economic Growth.

1218
00:56:03,600 --> 00:56:04,319
Speaker 2: Thirteen to eight.

1219
00:56:05,640 --> 00:56:10,080
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

1220
00:56:10,160 --> 00:56:11,200
Speaker 1: by News Talks at.

1221
00:56:11,080 --> 00:56:14,960
Speaker 2: Be couple of insightful texts on this got to Admira Mike.

1222
00:56:15,040 --> 00:56:17,040
Speaker 2: She doesn't back down of the results are as good

1223
00:56:17,040 --> 00:56:19,600
Speaker 2: as the conviction. She'd will achieved something no one else has. Sandra,

1224
00:56:19,680 --> 00:56:22,000
Speaker 2: You're right, So the key there in Your word is results,

1225
00:56:22,200 --> 00:56:26,160
Speaker 2: not talk. Results here here, Nicola, go girl. Mike Willis

1226
00:56:26,239 --> 00:56:29,919
Speaker 2: convinced me she's trying keyword trying. New Zealand's a small

1227
00:56:29,960 --> 00:56:32,400
Speaker 2: markets not easy now and saying it is, but trying

1228
00:56:32,560 --> 00:56:35,160
Speaker 2: is not results. See why do we have governments if

1229
00:56:35,160 --> 00:56:37,640
Speaker 2: they won't make decisions? It's not a bad question, Mike.

1230
00:56:37,880 --> 00:56:40,080
Speaker 2: Please ask Willis why she hasn't broken up the existing

1231
00:56:40,120 --> 00:56:42,360
Speaker 2: players as per the Commission's recommendations. Will She sort of

1232
00:56:42,400 --> 00:56:46,640
Speaker 2: explained that she's getting advice twice over, Mike, does Nicola

1233
00:56:46,719 --> 00:56:50,000
Speaker 2: to find predatory pricing as Costco selling butter below predatory pricing?

1234
00:56:50,120 --> 00:56:53,520
Speaker 2: Not a bad point, Mike. Thanks for holding Minister Willis

1235
00:56:53,560 --> 00:56:56,600
Speaker 2: to account. We need more action less talk. Morning, Mike,

1236
00:56:56,680 --> 00:56:59,239
Speaker 2: Nicola was slightly pissed at you this morning, and rightly so.

1237
00:56:59,520 --> 00:57:02,440
Speaker 2: Your drone on about Costco is borish. You keep referring

1238
00:57:02,480 --> 00:57:04,759
Speaker 2: to Costco losing money on selling cheap butter. You don't

1239
00:57:04,800 --> 00:57:07,440
Speaker 2: know that, Actually I do, and I know that because

1240
00:57:07,480 --> 00:57:11,439
Speaker 2: Costco said they're losing money on each block of butter

1241
00:57:11,600 --> 00:57:16,680
Speaker 2: they're selling. Sorry to use some facts. Nine away from eight.

1242
00:57:17,600 --> 00:57:21,160
Speaker 1: The my Cosking Breakfast with Rainthrower News togs Head been

1243
00:57:21,360 --> 00:57:22,120
Speaker 1: no six away from it.

1244
00:57:22,240 --> 00:57:24,200
Speaker 2: More good news for christ Church New Zealand Fashion Week

1245
00:57:24,200 --> 00:57:26,560
Speaker 2: announcing this morning a bespoke version of the event in

1246
00:57:26,640 --> 00:57:29,040
Speaker 2: November three year deal and for Osalie as of course

1247
00:57:29,120 --> 00:57:31,000
Speaker 2: New Zealand Fashion Week owner and he's back with us

1248
00:57:31,000 --> 00:57:34,960
Speaker 2: for OS. Good morning, Good morning, Mike.

1249
00:57:35,000 --> 00:57:35,880
Speaker 11: How are you very well?

1250
00:57:35,920 --> 00:57:37,920
Speaker 2: Indeed who's the deal with? And how hard was it

1251
00:57:38,000 --> 00:57:38,600
Speaker 2: to put together?

1252
00:57:42,080 --> 00:57:46,000
Speaker 23: Actually wasn't that hard, but it was you know, coming

1253
00:57:46,080 --> 00:57:48,919
Speaker 23: together off Christish New Zealand and New Zealand Fashion Week

1254
00:57:49,600 --> 00:57:55,560
Speaker 23: with the purposes of advancing fashion activiations across Suthailand fantastic.

1255
00:57:55,640 --> 00:57:58,040
Speaker 2: Do you bleed the Auckland support a little bit? Given

1256
00:57:58,080 --> 00:57:59,800
Speaker 2: I know a lot of people from christ Church come

1257
00:57:59,800 --> 00:58:01,320
Speaker 2: to Auckland, they don't need to anymore.

1258
00:58:04,440 --> 00:58:06,720
Speaker 23: No, I think Auckland has its own place and we're

1259
00:58:06,800 --> 00:58:10,800
Speaker 23: very grateful for Kataki Auckland Unlimited for their support. But

1260
00:58:10,960 --> 00:58:16,080
Speaker 23: this is an entirely second event, something that makes New

1261
00:58:16,160 --> 00:58:19,840
Speaker 23: Zealand Fashion Week financially stable and sustainable for long term.

1262
00:58:20,280 --> 00:58:22,520
Speaker 2: What's your sense of this week in Auckland so far?

1263
00:58:22,600 --> 00:58:23,160
Speaker 2: You enjoying it?

1264
00:58:26,200 --> 00:58:30,480
Speaker 23: Absolutely amazing. We've sold more than four thousand, three hundred tickets.

1265
00:58:30,560 --> 00:58:35,760
Speaker 23: Mike and the community, the designers, the consumers. They're all

1266
00:58:35,840 --> 00:58:38,760
Speaker 23: engaging very very well. There's a bit of a you know,

1267
00:58:39,000 --> 00:58:40,120
Speaker 23: buzz going around the city.

1268
00:58:40,440 --> 00:58:43,160
Speaker 2: Good good to hear it. And congratulations on Christyuch. Is

1269
00:58:43,160 --> 00:58:45,680
Speaker 2: there anything Christuch doesn't have now? For Ozali by the way,

1270
00:58:45,720 --> 00:58:48,400
Speaker 2: the New Zealand Fashion weekna christ it's kind of like

1271
00:58:48,440 --> 00:58:50,520
Speaker 2: a magnet for everything. By the way, I didn't have

1272
00:58:50,600 --> 00:58:52,800
Speaker 2: time with Nicola, but her other thing is the banks,

1273
00:58:52,800 --> 00:58:55,080
Speaker 2: of course, and you'll know the Finance and Expenditure Committee

1274
00:58:55,440 --> 00:58:58,120
Speaker 2: has been looking into banks, banking regulation rules, et cetera.

1275
00:58:58,240 --> 00:58:59,919
Speaker 2: Is the RAS scam, is the RES scandal and banking.

1276
00:59:00,040 --> 00:59:03,360
Speaker 2: They could not find any sort of smoking gun. But

1277
00:59:03,520 --> 00:59:07,120
Speaker 2: I got an interesting invite from the person i'll tell

1278
00:59:07,120 --> 00:59:08,800
Speaker 2: you about after eight thirty this morning. He wants to

1279
00:59:08,840 --> 00:59:12,120
Speaker 2: fly me to London. Wants to fly me to London.

1280
00:59:12,160 --> 00:59:14,480
Speaker 2: Actually wants to fly me and my research team, as

1281
00:59:14,520 --> 00:59:18,360
Speaker 2: he put it, to London to do some investigation. He's

1282
00:59:18,400 --> 00:59:21,280
Speaker 2: got the answer to banking in this country. And I'll

1283
00:59:21,320 --> 00:59:23,080
Speaker 2: tell you what it is, and I'll tell you why

1284
00:59:23,200 --> 00:59:26,479
Speaker 2: he's wrong. He says I'm wrong, but I'm saying he's wrong.

1285
00:59:27,280 --> 00:59:31,000
Speaker 2: So we've got he's wrong. He's wrong kind of thing anyway,

1286
00:59:31,040 --> 00:59:34,120
Speaker 2: but he's prepared to fly me to London. Could I

1287
00:59:34,240 --> 00:59:36,240
Speaker 2: fly to London with my research team.

1288
00:59:36,160 --> 00:59:38,640
Speaker 11: And your research team and presumably your technical team.

1289
00:59:38,560 --> 00:59:44,200
Speaker 2: Technical team and then go, ah, you were right or

1290
00:59:44,280 --> 00:59:46,280
Speaker 2: maybe you're not right. I don't know anyway, I'll tell you.

1291
00:59:46,320 --> 00:59:49,920
Speaker 2: I'll tell you more about that. After eight thirty. We've

1292
00:59:49,920 --> 00:59:52,280
Speaker 2: got to get to a Georgia Lyons because she's prepped

1293
00:59:52,280 --> 00:59:54,160
Speaker 2: and set to go. She's about to leave for Nashville

1294
00:59:54,200 --> 00:59:56,560
Speaker 2: for good. But before she does, she's going to sing

1295
00:59:56,680 --> 00:59:57,280
Speaker 2: us a song and.

1296
00:59:57,360 --> 01:00:01,840
Speaker 1: A chat, setting me a gin and talking the big issues,

1297
01:00:02,240 --> 01:00:06,600
Speaker 1: the Mike Harting, Breakfast with al Vida, retirement, communities, Life

1298
01:00:06,840 --> 01:00:08,280
Speaker 1: your Way, News, togs Head be.

1299
01:00:08,760 --> 01:00:10,960
Speaker 2: Seven minutes past. Hey, let us catch up with Georgia

1300
01:00:11,040 --> 01:00:12,840
Speaker 2: Lyons before she gets on the big bird to chase

1301
01:00:12,880 --> 01:00:14,880
Speaker 2: the dream in Nashville. Before she leaves, we have a

1302
01:00:14,920 --> 01:00:17,840
Speaker 2: new EP, a couple of shows, and wouldn't you know,

1303
01:00:17,960 --> 01:00:20,600
Speaker 2: she's also turned up for a song. Georgia Lyons is

1304
01:00:20,600 --> 01:00:23,000
Speaker 2: with us morning, Good morning to you. All right. The

1305
01:00:23,040 --> 01:00:24,680
Speaker 2: first question this will be out of left field and

1306
01:00:24,680 --> 01:00:26,720
Speaker 2: you won't expected coming with all the interviews you've done

1307
01:00:26,760 --> 01:00:28,800
Speaker 2: yet with nothing like this before. So I'm watching your

1308
01:00:28,880 --> 01:00:33,120
Speaker 2: music video yesterday. Yes, what what's the car? What's the

1309
01:00:33,240 --> 01:00:36,360
Speaker 2: car at the beginning of the video. Yes, it's red,

1310
01:00:36,520 --> 01:00:37,000
Speaker 2: it's red.

1311
01:00:37,200 --> 01:00:37,600
Speaker 17: What is it?

1312
01:00:39,320 --> 01:00:41,160
Speaker 2: It's an ELpH Romeya. You don't know, did you?

1313
01:00:41,840 --> 01:00:43,440
Speaker 6: I had momentarily forgotten.

1314
01:00:43,640 --> 01:00:44,760
Speaker 2: Did you know it's an Elpha ray?

1315
01:00:44,840 --> 01:00:45,160
Speaker 25: I did know.

1316
01:00:45,280 --> 01:00:46,960
Speaker 6: We did talk a lot about it the week that

1317
01:00:47,040 --> 01:00:50,240
Speaker 6: we were filming down in manat at this farmhouse because

1318
01:00:50,240 --> 01:00:53,800
Speaker 6: it was this the couple that owns the property there.

1319
01:00:54,840 --> 01:00:57,640
Speaker 6: It was it was their car, so they had no Yeah, yeah,

1320
01:00:58,440 --> 01:00:59,240
Speaker 6: I mean it's amazing.

1321
01:00:59,440 --> 01:01:01,480
Speaker 2: Did you turn to the farm and go by the way,

1322
01:01:01,520 --> 01:01:02,840
Speaker 2: do you have an Alfa Romeo sitting?

1323
01:01:02,880 --> 01:01:05,200
Speaker 6: Well, we had basically emailed them and said, you know,

1324
01:01:05,320 --> 01:01:09,520
Speaker 6: we'd booked the property right on a worm and kind

1325
01:01:09,560 --> 01:01:11,600
Speaker 6: of gone, you know, we know that this is what

1326
01:01:11,680 --> 01:01:13,320
Speaker 6: the house looks like, but we don't really know what

1327
01:01:13,440 --> 01:01:15,280
Speaker 6: sort of props we might need to bring down for

1328
01:01:15,360 --> 01:01:17,400
Speaker 6: the week. So we emailed them and said, you know,

1329
01:01:17,440 --> 01:01:18,680
Speaker 6: what have you got on the property?

1330
01:01:18,720 --> 01:01:19,480
Speaker 25: Have you got a ladder?

1331
01:01:19,520 --> 01:01:22,120
Speaker 6: Have you got you know, kind of like a few things.

1332
01:01:22,160 --> 01:01:24,760
Speaker 6: And then she replied and said, oh, we've actually got

1333
01:01:25,000 --> 01:01:28,400
Speaker 6: We've got this car, and I was like, oh my gosh,

1334
01:01:28,440 --> 01:01:29,160
Speaker 6: we have to use the car.

1335
01:01:29,400 --> 01:01:30,760
Speaker 25: It's just beautiful.

1336
01:01:30,840 --> 01:01:33,000
Speaker 2: And so do you know about cars or not really

1337
01:01:33,040 --> 01:01:36,240
Speaker 2: because when she said we've got this car, well, we've.

1338
01:01:36,080 --> 01:01:40,200
Speaker 6: Got this car attached photo on the email. I'm not

1339
01:01:40,280 --> 01:01:42,520
Speaker 6: a big car gal, Like, I couldn't really tell you

1340
01:01:42,640 --> 01:01:44,480
Speaker 6: how to change my oil in my car.

1341
01:01:44,840 --> 01:01:46,800
Speaker 2: But it's a beautiful car though, Wasn't it a beautiful car.

1342
01:01:47,160 --> 01:01:49,080
Speaker 2: It's a Fa adult on the back of the.

1343
01:01:49,440 --> 01:01:51,360
Speaker 6: Which their last name was is sweet.

1344
01:01:52,040 --> 01:01:53,000
Speaker 2: So yeah.

1345
01:01:53,240 --> 01:01:56,000
Speaker 15: So obviously, having.

1346
01:01:55,840 --> 01:01:57,320
Speaker 2: Watched your videos, you seem to put a bit of

1347
01:01:57,480 --> 01:02:00,480
Speaker 2: energy into the videos, which which is which wonderfully creative?

1348
01:02:00,720 --> 01:02:03,920
Speaker 2: Do they materialize into success for a song? I mean,

1349
01:02:04,040 --> 01:02:06,800
Speaker 2: is there a direct connection between a good video and

1350
01:02:06,880 --> 01:02:07,200
Speaker 2: the song?

1351
01:02:07,840 --> 01:02:08,640
Speaker 16: Not necessarily?

1352
01:02:09,400 --> 01:02:09,880
Speaker 25: I mean.

1353
01:02:13,680 --> 01:02:16,600
Speaker 2: I like, oh, jeez, I've opened up a camera.

1354
01:02:16,880 --> 01:02:18,200
Speaker 7: It's good because I think.

1355
01:02:18,560 --> 01:02:21,240
Speaker 6: With every kind of visual that you do, you know,

1356
01:02:21,600 --> 01:02:24,800
Speaker 6: there is so much content that is constantly you know,

1357
01:02:24,960 --> 01:02:26,840
Speaker 6: we see it every day with social media. It's like

1358
01:02:26,920 --> 01:02:30,160
Speaker 6: we're watching these little snippets. I like to think that

1359
01:02:30,400 --> 01:02:33,000
Speaker 6: everything that we do in terms of videos and music

1360
01:02:33,080 --> 01:02:37,320
Speaker 6: videos or little visualizes that it does help with you know,

1361
01:02:37,440 --> 01:02:40,120
Speaker 6: people kind of absorbing the song or experiencing it in

1362
01:02:40,160 --> 01:02:42,560
Speaker 6: a different way. But in terms of like, is there

1363
01:02:42,600 --> 01:02:46,720
Speaker 6: a direct correlation between making a video and therefore achieving

1364
01:02:46,920 --> 01:02:49,640
Speaker 6: X amount of streams or achieving a certain amount of success,

1365
01:02:50,080 --> 01:02:53,600
Speaker 6: It's really hard to know. I think it gives a

1366
01:02:53,680 --> 01:02:56,160
Speaker 6: certain life to the song, and it helps you know

1367
01:02:56,240 --> 01:02:58,640
Speaker 6: if you're watching the video, it might keep you interested

1368
01:02:58,720 --> 01:03:01,680
Speaker 6: slightly longer than all of the content that you're you're

1369
01:03:01,720 --> 01:03:06,720
Speaker 6: swiping through. But yeah, in terms of I mean, the

1370
01:03:06,800 --> 01:03:09,600
Speaker 6: algorithm is a very hard thing to compete with when

1371
01:03:09,640 --> 01:03:11,760
Speaker 6: you're when you're creating in you're the.

1372
01:03:11,800 --> 01:03:13,520
Speaker 15: Old algorithm, that old algorithm.

1373
01:03:13,640 --> 01:03:16,800
Speaker 6: It's like, artistry is so important to me, and you know,

1374
01:03:16,880 --> 01:03:21,000
Speaker 6: you're you're balancing this idea of creating something that's meaningful

1375
01:03:21,200 --> 01:03:24,680
Speaker 6: and having an emphasis on artistry, but then also.

1376
01:03:24,520 --> 01:03:28,320
Speaker 2: Going what works you I have you at late twenties,

1377
01:03:28,360 --> 01:03:31,280
Speaker 2: am I right in that? Okay? So your your whole

1378
01:03:31,360 --> 01:03:34,360
Speaker 2: career has pretty much been in the space though social media,

1379
01:03:34,440 --> 01:03:36,400
Speaker 2: y ticket You don't go back to a time when

1380
01:03:36,440 --> 01:03:38,520
Speaker 2: it was completely different. There was a record company and

1381
01:03:38,560 --> 01:03:41,200
Speaker 2: you had to trapes around the countryside and you sold tickets,

1382
01:03:41,240 --> 01:03:42,520
Speaker 2: so that there was no social.

1383
01:03:42,280 --> 01:03:46,480
Speaker 6: Med no, no I've always been independent, an independent artist,

1384
01:03:46,560 --> 01:03:48,920
Speaker 6: so you know, I mean I remember getting a file

1385
01:03:48,960 --> 01:03:52,080
Speaker 6: and I remember that very distinct like time in high

1386
01:03:52,120 --> 01:03:56,040
Speaker 6: school when that kind of social media world was happening.

1387
01:03:56,960 --> 01:03:59,040
Speaker 6: But in terms of like my career, it's always been

1388
01:03:59,200 --> 01:04:02,240
Speaker 6: navigating social media and navigating you know, the kind of

1389
01:04:02,320 --> 01:04:05,640
Speaker 6: ever changing landscape. So I mean, things are always changing,

1390
01:04:05,720 --> 01:04:07,920
Speaker 6: and there's a lot of adapting needed and a lot

1391
01:04:08,000 --> 01:04:10,880
Speaker 6: of you know, kind of pivoting and going what's working

1392
01:04:11,000 --> 01:04:11,880
Speaker 6: and what's not.

1393
01:04:12,040 --> 01:04:14,360
Speaker 2: And what's your summation of it in totality, Because my

1394
01:04:14,480 --> 01:04:16,680
Speaker 2: argument has been, having interviewed a million people over the

1395
01:04:16,760 --> 01:04:19,360
Speaker 2: years about this, is that in the old days, you

1396
01:04:19,400 --> 01:04:22,160
Speaker 2: had to convince somebody you were good, whereas the advantage

1397
01:04:22,160 --> 01:04:23,920
Speaker 2: of the modern days you can go to your bedroom

1398
01:04:23,960 --> 01:04:25,760
Speaker 2: with a bit of basic equipment and put it out

1399
01:04:25,800 --> 01:04:28,960
Speaker 2: to the world and be discovered. So there's good on

1400
01:04:29,040 --> 01:04:30,400
Speaker 2: both sides, I guess, isn't there?

1401
01:04:31,040 --> 01:04:31,640
Speaker 25: Yeah, for sure.

1402
01:04:31,840 --> 01:04:35,480
Speaker 6: I mean the accessibility for anyone. I mean, you could

1403
01:04:35,520 --> 01:04:38,439
Speaker 6: record a song today and put it out on social media,

1404
01:04:38,600 --> 01:04:41,520
Speaker 6: or you could put it out on Spotify, like it

1405
01:04:41,720 --> 01:04:44,920
Speaker 6: makes it a lot more accessible for people. Whereas you know,

1406
01:04:45,720 --> 01:04:48,560
Speaker 6: twenty years ago you kind of maybe longer you had

1407
01:04:48,600 --> 01:04:51,640
Speaker 6: to go through a record label. So I think there is,

1408
01:04:52,120 --> 01:04:55,040
Speaker 6: like you say, there is positives and negatives to both.

1409
01:04:55,080 --> 01:04:58,120
Speaker 6: I think there's amazing things about social media and the internet,

1410
01:04:58,280 --> 01:05:01,520
Speaker 6: like my song's being heard all the world, whereas you

1411
01:05:01,640 --> 01:05:04,200
Speaker 6: know that might not have been the case because I'm

1412
01:05:04,400 --> 01:05:06,480
Speaker 6: from the bottom of the world, down here and doing

1413
01:05:06,560 --> 01:05:07,680
Speaker 6: my thing and hoping that people.

1414
01:05:08,280 --> 01:05:10,640
Speaker 2: Well, you're moving though, aren't you. I am you are

1415
01:05:10,760 --> 01:05:14,040
Speaker 2: moving to Nashville. Are you doing that? On the date

1416
01:05:14,200 --> 01:05:16,080
Speaker 2: you will be moving. You've got a plane ticket and

1417
01:05:16,160 --> 01:05:18,000
Speaker 2: you will be arriving, and you've got a place to live.

1418
01:05:18,200 --> 01:05:18,360
Speaker 24: Yes.

1419
01:05:18,640 --> 01:05:20,600
Speaker 2: So it's all sort of a sort when's that happening?

1420
01:05:21,120 --> 01:05:22,200
Speaker 6: Sixteenth of September.

1421
01:05:22,240 --> 01:05:24,439
Speaker 16: It's not very specific, No, not long.

1422
01:05:24,680 --> 01:05:25,880
Speaker 6: It's come around very quickly.

1423
01:05:26,200 --> 01:05:29,280
Speaker 2: And how what's been the process of that? That it's

1424
01:05:29,320 --> 01:05:31,760
Speaker 2: a calling you have to do it, or you'll.

1425
01:05:31,560 --> 01:05:34,160
Speaker 6: Give it a go, or I mean all of the above.

1426
01:05:34,280 --> 01:05:37,720
Speaker 6: I have loved for a really long time, you know,

1427
01:05:37,840 --> 01:05:42,840
Speaker 6: the idea of living touring, doing music within America. I've

1428
01:05:42,840 --> 01:05:45,560
Speaker 6: spent a lot of time there. I've got a visa,

1429
01:05:46,160 --> 01:05:48,400
Speaker 6: an artist visa, so I've done a bunch of tours

1430
01:05:48,440 --> 01:05:51,360
Speaker 6: and stuff over there. I really love it. I love

1431
01:05:51,440 --> 01:05:55,720
Speaker 6: the bigness. I love I feel like there's this this

1432
01:05:55,960 --> 01:05:58,040
Speaker 6: mentality where everybody's like, you can do it.

1433
01:05:58,160 --> 01:06:00,120
Speaker 15: That's true and there's something.

1434
01:06:00,120 --> 01:06:02,720
Speaker 6: So freeing about that as an artist and a creative

1435
01:06:02,920 --> 01:06:04,840
Speaker 6: feeling like you're not having to convince.

1436
01:06:05,600 --> 01:06:07,360
Speaker 2: You know, the person next Poppy.

1437
01:06:07,520 --> 01:06:08,680
Speaker 25: No, there's no toll Poppy.

1438
01:06:08,760 --> 01:06:12,000
Speaker 6: And that's a very real thing here and that's hard.

1439
01:06:12,400 --> 01:06:14,560
Speaker 6: And I think every time I go there, I'm reminded

1440
01:06:14,640 --> 01:06:18,920
Speaker 6: of like, oh, this is possible. The possibilities are endless,

1441
01:06:18,960 --> 01:06:22,440
Speaker 6: Like I can always grow and and get better and

1442
01:06:22,480 --> 01:06:25,200
Speaker 6: get bigger. And that's an exciting thing for me.

1443
01:06:25,240 --> 01:06:28,480
Speaker 2: I feel fantastic. Yes, although they just just you talked

1444
01:06:28,480 --> 01:06:30,800
Speaker 2: about social media. Have you put anything on your social

1445
01:06:30,840 --> 01:06:33,480
Speaker 2: media that Marco Rubio is going to see at the

1446
01:06:33,520 --> 01:06:37,720
Speaker 2: border and he's going to whack you in a nice cell? Okay,

1447
01:06:38,040 --> 01:06:40,400
Speaker 2: so you're good to go. You're ready to go? Okay, good?

1448
01:06:40,920 --> 01:06:44,120
Speaker 2: Now this this this? So you got your EP? Yes,

1449
01:06:44,400 --> 01:06:47,600
Speaker 2: but the tracks are already out. Is there an EP?

1450
01:06:47,760 --> 01:06:49,760
Speaker 2: Do you do the EP of a physical EP?

1451
01:06:50,040 --> 01:06:50,200
Speaker 26: Yes?

1452
01:06:50,400 --> 01:06:52,680
Speaker 6: Yep, do a physical cop. I love having a physical

1453
01:06:52,760 --> 01:06:53,919
Speaker 6: copy of something good.

1454
01:06:55,000 --> 01:06:56,080
Speaker 2: You don't do cassettes though.

1455
01:06:56,480 --> 01:06:58,320
Speaker 6: No, but they are circling background.

1456
01:06:58,320 --> 01:07:00,640
Speaker 2: I reckon they are, I think to vinyls thing because

1457
01:07:00,720 --> 01:07:01,840
Speaker 2: it's I think of becoming a thing.

1458
01:07:01,960 --> 01:07:05,600
Speaker 6: We did vinyls with my album that came out last year,

1459
01:07:05,680 --> 01:07:08,640
Speaker 6: and I mean, everybody loved having a vinyl.

1460
01:07:09,360 --> 01:07:11,560
Speaker 2: Who doesn't love having a vinyl until you discover you

1461
01:07:11,600 --> 01:07:13,080
Speaker 2: haven't got a turntable so you get a buy.

1462
01:07:13,400 --> 01:07:17,160
Speaker 7: My parents so you don't have one of those anymore.

1463
01:07:17,200 --> 01:07:17,920
Speaker 25: We need to know.

1464
01:07:18,280 --> 01:07:21,120
Speaker 2: Yeah, fantastic, all right. So the episode, so the EPs out?

1465
01:07:21,160 --> 01:07:22,680
Speaker 2: What are you going to play for us after the break?

1466
01:07:23,000 --> 01:07:25,880
Speaker 6: I'm going to play Wonderful Life, Yeah, which is the

1467
01:07:26,000 --> 01:07:30,600
Speaker 6: first track on the EP. One of my favorites. It's

1468
01:07:30,880 --> 01:07:35,320
Speaker 6: it's quite a storytelling, kind of lyrical song.

1469
01:07:35,600 --> 01:07:38,120
Speaker 2: Fantastic all right. More from Georgia Lines in a Moment.

1470
01:07:38,840 --> 01:07:43,360
Speaker 1: The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered

1471
01:07:43,480 --> 01:07:44,320
Speaker 1: by News Talk.

1472
01:07:44,200 --> 01:07:48,240
Speaker 2: Zippi talks e seventeen past EPs out Georgia Lines with

1473
01:07:48,360 --> 01:07:50,560
Speaker 2: us in the studio. So EP's out tomorrow. So that's

1474
01:07:50,560 --> 01:07:53,800
Speaker 2: a very exciting. You're off to Nashville in September. So

1475
01:07:53,920 --> 01:07:55,480
Speaker 2: actually this might be the first and last time we

1476
01:07:55,560 --> 01:07:56,760
Speaker 2: ever meet and sit in the studio.

1477
01:07:56,960 --> 01:07:59,520
Speaker 6: I mean that's lovely, but also quite said, well.

1478
01:07:59,400 --> 01:08:02,560
Speaker 2: It is you can always come back, right. So the

1479
01:08:02,680 --> 01:08:04,880
Speaker 2: song is this is wonderful life.

1480
01:08:05,080 --> 01:08:19,120
Speaker 15: Okay, m h, but it's so full life.

1481
01:08:21,479 --> 01:08:26,360
Speaker 7: It's son full life, heaven less.

1482
01:08:26,360 --> 01:08:31,120
Speaker 26: Waving goodbye all look back, You're gonna make.

1483
01:08:30,960 --> 01:08:36,360
Speaker 25: It just fine, And it's so under fool.

1484
01:08:36,320 --> 01:08:40,679
Speaker 7: Lie, it's so full life.

1485
01:08:43,040 --> 01:09:01,280
Speaker 27: Who California's ours now feels like a day dream high

1486
01:09:01,320 --> 01:09:05,320
Speaker 27: and craving the same when and walking alone.

1487
01:09:08,360 --> 01:09:11,920
Speaker 26: And as far as I know, wheel still at the

1488
01:09:12,120 --> 01:09:15,960
Speaker 26: beach somewhere, turn away, your travel away.

1489
01:09:15,920 --> 01:09:22,040
Speaker 25: From the sea so slow and then you go.

1490
01:09:25,800 --> 01:09:31,240
Speaker 26: But it's want a full life, baby, it's on a

1491
01:09:31,479 --> 01:09:32,320
Speaker 26: full life.

1492
01:09:33,800 --> 01:09:35,040
Speaker 25: He even has my.

1493
01:09:35,160 --> 01:09:38,320
Speaker 7: Waving good bye town, look back.

1494
01:09:38,560 --> 01:09:43,600
Speaker 25: You don't make it just fine, And it's so on

1495
01:09:43,800 --> 01:09:44,640
Speaker 25: a full.

1496
01:09:44,640 --> 01:09:52,360
Speaker 26: Day, baby, it's a beautiful day. Even more you're walking

1497
01:09:52,560 --> 01:09:57,560
Speaker 26: all the way down look back. You want to be okay,

1498
01:09:59,520 --> 01:10:00,080
Speaker 26: And it's.

1499
01:10:00,200 --> 01:10:08,439
Speaker 5: Soon a full life. It's on a full life. Who

1500
01:10:17,680 --> 01:10:21,679
Speaker 5: I was leaving from Terming or b I was waiting

1501
01:10:24,920 --> 01:10:27,960
Speaker 5: and he asked, what do you think it would feel

1502
01:10:28,200 --> 01:10:29,760
Speaker 5: like falling.

1503
01:10:30,120 --> 01:10:30,839
Speaker 27: In love.

1504
01:10:33,560 --> 01:10:33,680
Speaker 20: Now?

1505
01:10:34,040 --> 01:10:37,639
Speaker 25: Staying on and the day dreams gone?

1506
01:10:37,760 --> 01:10:42,680
Speaker 26: And I guess you still don't know, but it's a

1507
01:10:43,200 --> 01:10:50,160
Speaker 26: a full life, baby, it's on a full life. He

1508
01:10:50,240 --> 01:10:54,400
Speaker 26: even less waving good bye, t look.

1509
01:10:54,400 --> 01:10:57,080
Speaker 25: Back, You're gonna make it just fine.

1510
01:10:59,000 --> 01:11:00,920
Speaker 7: And it's so a full.

1511
01:11:00,840 --> 01:11:08,080
Speaker 26: Day baby, it's a beautiful day. He even though you're

1512
01:11:08,160 --> 01:11:12,080
Speaker 26: walking all the way down, look back, you know what

1513
01:11:12,360 --> 01:11:18,040
Speaker 26: to be okay, And it's a wunt to fool life.

1514
01:11:20,240 --> 01:11:38,240
Speaker 7: It's a wutiful life. Who go on done, keep on driving.

1515
01:11:42,000 --> 01:11:43,320
Speaker 27: So so.

1516
01:11:45,720 --> 01:11:47,040
Speaker 25: At that and you go.

1517
01:11:51,600 --> 01:11:54,920
Speaker 2: Fantastic, well done. Congratulations, good luck with the record, and

1518
01:11:55,040 --> 01:11:57,679
Speaker 2: good luck with Nashville and terrific to see and thanks

1519
01:11:57,720 --> 01:12:00,120
Speaker 2: for coming in, thanks so much for having me your

1520
01:12:00,200 --> 01:12:01,960
Speaker 2: Ja lines. Give you the dates for a couple of

1521
01:12:02,000 --> 01:12:04,439
Speaker 2: shows this week in shortly eight twenty one, The.

1522
01:12:04,600 --> 01:12:08,280
Speaker 1: Mite Hosking Breakfast with Bailey's Real Estate News Togs.

1523
01:12:08,280 --> 01:12:09,559
Speaker 11: They'd be now, did you.

1524
01:12:09,600 --> 01:12:11,840
Speaker 2: Know your gut's off and called the second brain. When

1525
01:12:11,880 --> 01:12:14,599
Speaker 2: it's out of balance, your whole body feels that low

1526
01:12:14,720 --> 01:12:17,360
Speaker 2: energy discomfort even changes the mood, which is why taking

1527
01:12:17,439 --> 01:12:18,960
Speaker 2: care of the old gut and the gut health is

1528
01:12:19,040 --> 01:12:22,360
Speaker 2: super super important. So this is where Lester's probiotic plus

1529
01:12:22,720 --> 01:12:25,519
Speaker 2: comes into the picture. About health, of course, make the

1530
01:12:25,600 --> 01:12:28,879
Speaker 2: Lister's Probiotic Plus makes a difference to combines two clinically

1531
01:12:28,960 --> 01:12:32,639
Speaker 2: researched probiotic strains with active herbal extracts. It supports digestion,

1532
01:12:33,000 --> 01:12:36,160
Speaker 2: helps keep you everything running smoothly. Happy customers plenty of

1533
01:12:36,240 --> 01:12:38,800
Speaker 2: them decided to try your new product, Lister's Probitic Plus

1534
01:12:38,880 --> 01:12:40,679
Speaker 2: and wow, that's in capital letters.

1535
01:12:40,720 --> 01:12:40,960
Speaker 27: Wow.

1536
01:12:41,320 --> 01:12:44,200
Speaker 2: I would recommend Lester's Probatic Plus one hundred percent. That's Lynnette.

1537
01:12:45,080 --> 01:12:47,120
Speaker 2: So if you if you want to feel the difference,

1538
01:12:47,640 --> 01:12:50,639
Speaker 2: try the Probatic Plus Lester's Probiotic Plus eight hundred triple

1539
01:12:50,680 --> 01:12:53,000
Speaker 2: nine three or nine. By the way, read the label,

1540
01:12:53,040 --> 01:12:56,400
Speaker 2: take only as directed. It's only from about Health. Use

1541
01:12:56,479 --> 01:12:58,960
Speaker 2: the code Breakfast for a free gift. I said eight

1542
01:12:59,040 --> 01:13:02,840
Speaker 2: hundred triple nine three. Didn't I online at about health

1543
01:13:02,880 --> 01:13:06,960
Speaker 2: dot co dot nz. Fast album's our EP's out tomorrow

1544
01:13:07,200 --> 01:13:10,400
Speaker 2: The guest House with Georgia, So that's tomorrow. She got

1545
01:13:10,400 --> 01:13:14,080
Speaker 2: a couple of shows over the weekend two tomorrow and Saturday.

1546
01:13:14,200 --> 01:13:16,400
Speaker 2: She's in Auckland at the Hollywood in Avondale. If you

1547
01:13:16,400 --> 01:13:18,479
Speaker 2: want to go see her before she departs for the

1548
01:13:19,000 --> 01:13:22,320
Speaker 2: bright lights of Nashville. Mike beautiful song. Thanks for Georgia

1549
01:13:22,400 --> 01:13:24,360
Speaker 2: on the show. Having Georgia on the show, no worries

1550
01:13:24,360 --> 01:13:28,040
Speaker 2: at all. Oh my, what a gorgeous voice Georgia has, Vanessa,

1551
01:13:28,080 --> 01:13:30,120
Speaker 2: I think you're right. I never heard of Georgia before,

1552
01:13:30,160 --> 01:13:32,040
Speaker 2: but when she started to sing, it was so beautiful

1553
01:13:32,040 --> 01:13:35,400
Speaker 2: it brought a tear to my eye. Mike, a delicious voice.

1554
01:13:35,960 --> 01:13:38,680
Speaker 2: Sounds a bit like Joni Mitchell. Not bad, Yeah, no,

1555
01:13:38,760 --> 01:13:41,639
Speaker 2: it's not bad. Did you get the guitar type? Well done,

1556
01:13:41,680 --> 01:13:45,840
Speaker 2: I did. It's a Matan three quarter size Maten, Mike.

1557
01:13:45,880 --> 01:13:49,280
Speaker 2: Georgia comes across as a very smart, lovely lady, and wow,

1558
01:13:49,400 --> 01:13:52,920
Speaker 2: can she sing so very good feedback the feedback, Sorry,

1559
01:13:53,080 --> 01:13:55,479
Speaker 2: not that impressed. It's a wonderful life, too repetitive, Thanks

1560
01:13:55,560 --> 01:13:58,479
Speaker 2: very much for that. Not convincing. This is a wonderful

1561
01:13:58,479 --> 01:13:58,920
Speaker 2: life at all.

1562
01:13:59,000 --> 01:13:59,600
Speaker 14: Do not like it.

1563
01:14:00,479 --> 01:14:05,080
Speaker 11: I hate catchy songs with a repetitive my wife.

1564
01:14:06,600 --> 01:14:08,840
Speaker 2: My wife says I should apologize to her for opening

1565
01:14:08,880 --> 01:14:12,000
Speaker 2: with such a ridiculous first question. I didn't think it

1566
01:14:12,080 --> 01:14:14,400
Speaker 2: was I didn't think it was ridiculous at all. I

1567
01:14:14,479 --> 01:14:15,200
Speaker 2: thought it was iggy.

1568
01:14:15,400 --> 01:14:16,920
Speaker 11: And also you warnded her that it was going to

1569
01:14:16,960 --> 01:14:17,599
Speaker 11: be a ridiculous.

1570
01:14:17,640 --> 01:14:18,160
Speaker 2: I wander up.

1571
01:14:18,240 --> 01:14:20,560
Speaker 11: You say something like that is going to be like

1572
01:14:20,640 --> 01:14:23,679
Speaker 11: no other question question. This is a dumb question.

1573
01:14:24,000 --> 01:14:24,200
Speaker 2: Yeah.

1574
01:14:24,560 --> 01:14:26,960
Speaker 11: And if she did forget, I'm asking you this question,

1575
01:14:28,040 --> 01:14:28,479
Speaker 11: what would have.

1576
01:14:28,520 --> 01:14:30,280
Speaker 2: What would have been embarrassing? If she goes that's not

1577
01:14:30,400 --> 01:14:32,439
Speaker 2: remotely random at all, that's I get that all the time,

1578
01:14:32,439 --> 01:14:34,160
Speaker 2: and then I would have felt embarrassed. But no, she

1579
01:14:34,240 --> 01:14:34,800
Speaker 2: didn't have a clue.

1580
01:14:34,880 --> 01:14:37,639
Speaker 11: There's nothing worse than somebody say, oh, everybody asked me there.

1581
01:14:37,600 --> 01:14:39,639
Speaker 2: Yeah, exactly. Anyway, the answer is for all the people

1582
01:14:39,640 --> 01:14:43,320
Speaker 2: who texted it's a sixty seven GT. Have a look

1583
01:14:43,320 --> 01:14:46,400
Speaker 2: at the video, sixty seven GT. She's a talent apart

1584
01:14:46,400 --> 01:14:48,360
Speaker 2: from the two people who texted she she isn't because

1585
01:14:48,400 --> 01:14:51,080
Speaker 2: you're losing to go away and we wish it well

1586
01:14:51,080 --> 01:14:51,639
Speaker 2: in Nashville.

1587
01:14:51,920 --> 01:15:01,439
Speaker 1: Meantime, the Breakfast Show kiwis us to stay in the know,

1588
01:15:01,920 --> 01:15:07,120
Speaker 1: The Mike Hosking Breakfast with Rainthrover, Leading by Example, News, Togs, dead.

1589
01:15:06,960 --> 01:15:12,000
Speaker 2: B sad news, and just my little strange obsession with us.

1590
01:15:12,040 --> 01:15:14,320
Speaker 2: But unfortunately I had to tell you the Fortune Favors,

1591
01:15:14,360 --> 01:15:16,120
Speaker 2: which is, and this is what the media call them,

1592
01:15:16,479 --> 01:15:19,080
Speaker 2: one of New Zealand's most successful or one of Wellington's

1593
01:15:19,120 --> 01:15:24,040
Speaker 2: most successful breweries fortune favors, so they're gone, so they

1594
01:15:24,160 --> 01:15:26,160
Speaker 2: fall and know another another day. And other business that

1595
01:15:26,240 --> 01:15:29,120
Speaker 2: falls over. After nearly a decade in the capital, Shannon

1596
01:15:29,240 --> 01:15:33,760
Speaker 2: Thorpe Dale Cooper business was no longer financially sustainable. Cost

1597
01:15:33,800 --> 01:15:36,280
Speaker 2: of living crisis has proven too difficult for us to navigate.

1598
01:15:36,280 --> 01:15:38,240
Speaker 2: We're down twenty percent on last year, which is already

1599
01:15:39,080 --> 01:15:42,080
Speaker 2: twenty five percent down on the year before. So very sad,

1600
01:15:42,240 --> 01:15:44,960
Speaker 2: very sorry, five hundred unique blends. I would argue you

1601
01:15:45,040 --> 01:15:47,240
Speaker 2: probably blending too much. Would nevertheless be that as it may.

1602
01:15:48,320 --> 01:15:50,920
Speaker 2: The media always calls people who go under the most successful.

1603
01:15:51,120 --> 01:15:53,479
Speaker 2: How can you be successful that also go under? It

1604
01:15:53,640 --> 01:15:56,840
Speaker 2: just does not make sense, which is not to be

1605
01:15:57,040 --> 01:15:59,439
Speaker 2: mean to the people going under, but you can't be

1606
01:15:59,600 --> 01:16:04,400
Speaker 2: success for why you're going into liquidation. It's grammatically incorrect.

1607
01:16:04,479 --> 01:16:06,000
Speaker 11: Well, if you're making awesome beer.

1608
01:16:06,200 --> 01:16:09,480
Speaker 2: No you're not, because you wouldn't be going into liquidation

1609
01:16:09,640 --> 01:16:10,080
Speaker 2: if you were.

1610
01:16:10,120 --> 01:16:12,120
Speaker 11: And it just means you're not selling awesome beer.

1611
01:16:12,120 --> 01:16:16,439
Speaker 2: Which is the point of the exercise. Twenty two minutes away.

1612
01:16:16,200 --> 01:16:20,800
Speaker 1: From nine International correspondence with Insigneye Insurance. Peace of mind

1613
01:16:20,880 --> 01:16:22,200
Speaker 1: for New Zealand business.

1614
01:16:22,000 --> 01:16:24,360
Speaker 2: Who written we go on a little good morning, good

1615
01:16:24,400 --> 01:16:27,280
Speaker 2: morning to you make Farage very much in the center

1616
01:16:27,360 --> 01:16:30,400
Speaker 2: of attention at the moment, six hundred thousand migrants they're

1617
01:16:30,439 --> 01:16:32,639
Speaker 2: going to be deported within five years. He's seeing them

1618
01:16:32,640 --> 01:16:37,720
Speaker 2: after Afghanistani, Ratrea, anywhere else. Why can he do it, allegedly,

1619
01:16:38,439 --> 01:16:41,439
Speaker 2: and yet the Tories who wanted to couldn't because the

1620
01:16:41,520 --> 01:16:42,479
Speaker 2: judges got involved.

1621
01:16:42,560 --> 01:16:47,200
Speaker 21: What's different, Well, there's a couple of things. Firstly, even

1622
01:16:47,400 --> 01:16:50,479
Speaker 21: forrag Reckons, he couldn't have done it a year ago.

1623
01:16:50,680 --> 01:16:55,920
Speaker 21: He was saying that deportation was politically unacceptable a year ago.

1624
01:16:57,439 --> 01:17:00,280
Speaker 21: But I think he's noticed, as it does so very

1625
01:17:00,360 --> 01:17:05,280
Speaker 21: well and with some accuracy, a huge changing in the climate,

1626
01:17:05,400 --> 01:17:09,160
Speaker 21: the temperature over this issue over here, and now he

1627
01:17:09,280 --> 01:17:11,920
Speaker 21: thinks he can do it. You know, it is inconceivable

1628
01:17:11,960 --> 01:17:16,240
Speaker 21: that a year ago David Blunkett or Jack Straw or

1629
01:17:16,320 --> 01:17:20,000
Speaker 21: Graham Stringer, all members of the Labor Party, former Foreign secretary,

1630
01:17:20,040 --> 01:17:23,519
Speaker 21: former Home secretary, current serving MP, would have suggested that

1631
01:17:23,600 --> 01:17:26,400
Speaker 21: we should leave the e CHR that's European Convention on

1632
01:17:26,560 --> 01:17:30,000
Speaker 21: Human Rights. All three have done it recently, and the

1633
01:17:30,080 --> 01:17:32,639
Speaker 21: latest opinion polls are saying, you know, we need these

1634
01:17:32,720 --> 01:17:35,840
Speaker 21: people removed from the country, so he thinks you can

1635
01:17:35,880 --> 01:17:38,799
Speaker 21: get away with it, and to judge from the response

1636
01:17:38,880 --> 01:17:45,360
Speaker 21: in the newspapers, he will I looked beneath the line

1637
01:17:45,479 --> 01:17:50,040
Speaker 21: in an interview he did for The Times at the weekend.

1638
01:17:52,360 --> 01:17:54,560
Speaker 21: And the Times is a liberal paper, you know. The

1639
01:17:54,680 --> 01:17:58,000
Speaker 21: Times isn't the old conservative paper of old. It's quite

1640
01:17:58,040 --> 01:18:02,720
Speaker 21: a liberal paper. It was sixty forty in favor of

1641
01:18:02,800 --> 01:18:07,679
Speaker 21: what he was saying. So there's been an enormous change

1642
01:18:07,720 --> 01:18:09,080
Speaker 21: in attitudes.

1643
01:18:08,880 --> 01:18:11,800
Speaker 2: When he talked about also frecking. Is he basically looking

1644
01:18:11,840 --> 01:18:14,280
Speaker 2: to Washington, seeing Dan Trump and going out, I'll give

1645
01:18:14,320 --> 01:18:15,280
Speaker 2: a bit of this to the UK.

1646
01:18:15,920 --> 01:18:18,600
Speaker 21: Yeah, I think yes, I think that's exactly he is.

1647
01:18:19,280 --> 01:18:23,680
Speaker 21: In thrall to the Trump administration. He loves the Trump administration.

1648
01:18:24,080 --> 01:18:26,960
Speaker 21: He loves America and has been very impressed with what

1649
01:18:27,080 --> 01:18:29,679
Speaker 21: Trump has done, even though there have been a couple

1650
01:18:29,720 --> 01:18:32,240
Speaker 21: of occasions where he's had to draw back from being

1651
01:18:32,360 --> 01:18:35,080
Speaker 21: fully supportive. So, yes, with the fucking and I think

1652
01:18:35,120 --> 01:18:38,280
Speaker 21: that's exactly it. The thing which you'll find hardest to

1653
01:18:38,400 --> 01:18:41,479
Speaker 21: get through the pastor lawyers, and I don't know how

1654
01:18:41,520 --> 01:18:43,920
Speaker 21: he will get it past the lawyers is sending people

1655
01:18:43,960 --> 01:18:49,080
Speaker 21: to Afghanistan. He can withdraw from the CHR. But it

1656
01:18:49,160 --> 01:18:51,920
Speaker 21: doesn't stop judges over here saying, now you're not doing that.

1657
01:18:52,080 --> 01:18:54,920
Speaker 2: Made very interesting, isn't it, Because I know that he

1658
01:18:55,000 --> 01:18:57,599
Speaker 2: got Graham Simpson today, which is the first Scottish member

1659
01:18:57,640 --> 01:19:00,800
Speaker 2: of Parliament, and that's the second one week. So he

1660
01:19:01,560 --> 01:19:04,479
Speaker 2: he between the people defecting from the Tories to his party,

1661
01:19:04,880 --> 01:19:07,479
Speaker 2: between him reading the political mood, between that and the

1662
01:19:07,600 --> 01:19:10,639
Speaker 2: polls he It's going to be fascinating to see whether

1663
01:19:10,720 --> 01:19:13,800
Speaker 2: that actually translates into real power, isn't it.

1664
01:19:14,200 --> 01:19:14,400
Speaker 20: Yeah.

1665
01:19:14,520 --> 01:19:18,040
Speaker 21: I never thought it would, Mike. You know, I thought

1666
01:19:18,080 --> 01:19:22,320
Speaker 21: that they would have a ceiling of about twenty twenty

1667
01:19:22,439 --> 01:19:26,599
Speaker 21: five percent and that he wouldn't translate into seats into

1668
01:19:26,720 --> 01:19:30,680
Speaker 21: actual quotes. But I've noticed that people are saying now, no,

1669
01:19:30,840 --> 01:19:33,800
Speaker 21: I'm reform and saying it quite proudly rather than whispering it.

1670
01:19:34,360 --> 01:19:36,360
Speaker 21: And he's at thirty five in the polls. You know,

1671
01:19:36,640 --> 01:19:40,800
Speaker 21: he needed to the election when in total the people

1672
01:19:40,840 --> 01:19:45,360
Speaker 21: are still talking about a reform Conservative alliance at the

1673
01:19:45,479 --> 01:19:49,320
Speaker 21: next election or after the next election, he may not

1674
01:19:49,520 --> 01:19:49,840
Speaker 21: need that.

1675
01:19:50,280 --> 01:19:52,280
Speaker 2: Yeah, and then you've got people like andrel is it

1676
01:19:52,360 --> 01:19:54,280
Speaker 2: three pads rain or is that what they're calling her

1677
01:19:54,320 --> 01:19:55,680
Speaker 2: now Angela.

1678
01:19:55,320 --> 01:19:59,240
Speaker 21: Three houses Rainer. Yeah, that's its three homes Rainer previously

1679
01:19:59,320 --> 01:20:01,559
Speaker 21: known as Andevid two homes right now when she only

1680
01:20:01,640 --> 01:20:06,479
Speaker 21: had two homes. Remarkable, she's a depicity prime minister. She's

1681
01:20:06,560 --> 01:20:10,120
Speaker 21: just brought an eight hundred thousand pounds three veteran flat

1682
01:20:10,200 --> 01:20:14,719
Speaker 21: in Hove, which is south coast town next to Brighton.

1683
01:20:15,760 --> 01:20:21,000
Speaker 21: And of course, given Labour's attitude towards people who have

1684
01:20:21,120 --> 01:20:24,080
Speaker 21: more than one home, and she being on the left

1685
01:20:24,120 --> 01:20:28,240
Speaker 21: of the party, it is purely, purely hypocritical. Then you

1686
01:20:28,439 --> 01:20:31,920
Speaker 21: cannot get around it. And yet it's also something which

1687
01:20:31,920 --> 01:20:35,040
Speaker 21: I think is baked into the Labor Party when you

1688
01:20:35,120 --> 01:20:37,599
Speaker 21: look at them, which is it's happened so many times

1689
01:20:37,680 --> 01:20:40,240
Speaker 21: before you know, they will own more homes than they're

1690
01:20:40,280 --> 01:20:42,960
Speaker 21: ment to, they will send their kids to private schools,

1691
01:20:43,400 --> 01:20:47,880
Speaker 21: et cetera, et cetera. You know, the hypocrisy has always

1692
01:20:47,960 --> 01:20:48,360
Speaker 21: been there.

1693
01:20:48,560 --> 01:20:50,160
Speaker 2: While I got you Rid and you're away a couple

1694
01:20:50,200 --> 01:20:53,479
Speaker 2: of days ago. But this is one of the IMF thing.

1695
01:20:53,880 --> 01:20:57,759
Speaker 2: There's reeves your DIBt when you start talking about IMEF

1696
01:20:57,800 --> 01:20:59,360
Speaker 2: by alouts. I mean, it's one thing to not pay

1697
01:20:59,400 --> 01:21:02,000
Speaker 2: your bills, but I mean is Britain really in the

1698
01:21:02,080 --> 01:21:04,160
Speaker 2: desperate sort of straits that I'm reading.

1699
01:21:04,560 --> 01:21:07,519
Speaker 21: I don't think we're in as bad a position as

1700
01:21:07,640 --> 01:21:11,400
Speaker 21: Francis at the moment, which is also worrying about calling

1701
01:21:11,439 --> 01:21:14,240
Speaker 21: the IMF in, and perhaps not quite as bad a

1702
01:21:14,320 --> 01:21:17,360
Speaker 21: position as we were in in nineteen seventy eight when

1703
01:21:17,520 --> 01:21:20,400
Speaker 21: Dennis Healy, who was the then Chancellor called in the IMF.

1704
01:21:20,840 --> 01:21:22,640
Speaker 21: But we are in a bad position and there's not

1705
01:21:22,760 --> 01:21:25,360
Speaker 21: much she can do about it. She can't raise taxes.

1706
01:21:26,160 --> 01:21:29,000
Speaker 21: She's going to try and screw with the people who

1707
01:21:29,080 --> 01:21:30,920
Speaker 21: work for a living in this country as much as

1708
01:21:30,960 --> 01:21:34,439
Speaker 21: she can for a bit of extra dots, which will

1709
01:21:34,479 --> 01:21:38,560
Speaker 21: send more people traveling abroad leaving the country. She is

1710
01:21:39,320 --> 01:21:43,360
Speaker 21: in real trouble, and the current indications so that things

1711
01:21:43,400 --> 01:21:44,880
Speaker 21: are going to get worse rather than better.

1712
01:21:44,960 --> 01:21:46,599
Speaker 2: All right, Mike, go well, have a good weekend. We'll

1713
01:21:46,600 --> 01:21:48,680
Speaker 2: catch up next week. Roll little and Britain. By the way,

1714
01:21:48,680 --> 01:21:51,559
Speaker 2: they announced also overnight the off gym people, who are

1715
01:21:51,600 --> 01:21:53,640
Speaker 2: the people who regulate to a degree the guest and

1716
01:21:53,720 --> 01:21:57,000
Speaker 2: electricity prices, that you're going up another thirty five pounds,

1717
01:21:57,479 --> 01:21:59,920
Speaker 2: which is more than they thought. It's another two percent,

1718
01:22:00,080 --> 01:22:02,320
Speaker 2: so you'll be paying about fourth on average four thousand

1719
01:22:02,360 --> 01:22:04,120
Speaker 2: dollars a year for your power, which I worked out

1720
01:22:04,120 --> 01:22:05,639
Speaker 2: to be three hundred and thirty six dollars a month.

1721
01:22:05,680 --> 01:22:08,880
Speaker 2: That's not bad actually, I mean when we have three

1722
01:22:08,920 --> 01:22:10,599
Speaker 2: or four hundred here, isn't it three or four hundred

1723
01:22:10,600 --> 01:22:12,040
Speaker 2: a month something like that? Round about?

1724
01:22:12,400 --> 01:22:14,200
Speaker 11: Well, it's variable, isn't it. I mean it depends how

1725
01:22:14,280 --> 01:22:16,519
Speaker 11: it is cruel saunas and things you're running.

1726
01:22:16,600 --> 01:22:20,040
Speaker 2: It's exactly right. Sheffield Wednesday if you're following, that's really

1727
01:22:20,120 --> 01:22:23,000
Speaker 2: interesting because I got semi gripped by lower level football

1728
01:22:23,720 --> 01:22:26,200
Speaker 2: when I watched that built in Boomingham thing with Tom

1729
01:22:26,240 --> 01:22:29,640
Speaker 2: Brady the other day on Netflix. Anyway, Sheffield Wednesday is

1730
01:22:29,680 --> 01:22:32,080
Speaker 2: owned by a guy who's not paying them, guy called

1731
01:22:32,120 --> 01:22:37,479
Speaker 2: Chenciri dev Chong Sansiri, and he's not paying the players,

1732
01:22:37,479 --> 01:22:39,920
Speaker 2: and they started the season with only twelve senior players.

1733
01:22:39,960 --> 01:22:42,519
Speaker 2: So in the last game earlier on this week, all

1734
01:22:42,560 --> 01:22:45,240
Speaker 2: the fans decided to stay away until he started paying them.

1735
01:22:45,280 --> 01:22:46,800
Speaker 2: So there seems to be a bit of a problem

1736
01:22:46,840 --> 01:22:48,800
Speaker 2: with Sheffield Wednesday, so it'll be interesting to see how

1737
01:22:48,840 --> 01:22:52,679
Speaker 2: that unfolds. Sixteen away from Nome.

1738
01:22:53,960 --> 01:22:58,320
Speaker 1: The Like Asking Breakfast Fall Show podcast on iHeartRadio powered

1739
01:22:58,400 --> 01:22:59,400
Speaker 1: by News Talks at b.

1740
01:23:00,160 --> 01:23:04,280
Speaker 2: There's thirteen minutes away from nine. Just some me bring

1741
01:23:04,400 --> 01:23:08,000
Speaker 2: this up and see if it's got it, and videos

1742
01:23:08,080 --> 01:23:09,960
Speaker 2: just report it. So I'm just looking for the numbers

1743
01:23:10,080 --> 01:23:12,280
Speaker 2: and it's not good. It's not as good as they thought.

1744
01:23:12,280 --> 01:23:15,559
Speaker 2: They've come in at fifty four billion, and the whole

1745
01:23:15,600 --> 01:23:17,559
Speaker 2: world's hanging off in video and what in video's doing

1746
01:23:17,600 --> 01:23:19,479
Speaker 2: at the moment. But they thought it was going to

1747
01:23:19,520 --> 01:23:21,960
Speaker 2: be more. So we'll get the final detail on that.

1748
01:23:22,040 --> 01:23:24,400
Speaker 2: By the way, this invite, I've got to London. So

1749
01:23:24,720 --> 01:23:26,920
Speaker 2: should I go to London? So here's the problem. Tech Edwards,

1750
01:23:26,960 --> 01:23:29,200
Speaker 2: who is part of the monopoly group. He once set

1751
01:23:29,280 --> 01:23:33,960
Speaker 2: up two degrees likable guy and he and I Arododds,

1752
01:23:34,040 --> 01:23:36,360
Speaker 2: not particularly. It's just ideas and thoughts and stuff like that.

1753
01:23:36,520 --> 01:23:39,360
Speaker 2: So I'm arguing there's no great scandal and banking he's

1754
01:23:39,520 --> 01:23:42,000
Speaker 2: arguing there is. I back my argument up by saying

1755
01:23:42,040 --> 01:23:44,040
Speaker 2: that the Finance Committee looked at it for in excess

1756
01:23:44,120 --> 01:23:46,360
Speaker 2: of a year. There is no scandal. There's a few

1757
01:23:46,400 --> 01:23:48,360
Speaker 2: things you can tweak and change and they are and

1758
01:23:48,560 --> 01:23:50,280
Speaker 2: you know, some of the money being held by the

1759
01:23:50,360 --> 01:23:52,800
Speaker 2: retail banks at the moment as regards the rules around

1760
01:23:52,800 --> 01:23:56,000
Speaker 2: the Reserve Bank, etcetera. All that stuff, but nothing material

1761
01:23:56,080 --> 01:23:59,080
Speaker 2: is going to unfold in this country. He says, no, no, no, no, no, no, no.

1762
01:23:59,280 --> 01:24:01,120
Speaker 2: What he needs to who he said to me? We

1763
01:24:01,200 --> 01:24:03,400
Speaker 2: didn't say to me. He said, Sam, He said, we

1764
01:24:03,479 --> 01:24:05,479
Speaker 2: need to fly you to London and you need to

1765
01:24:05,479 --> 01:24:10,080
Speaker 2: look at these these neo banks. And a neo bank

1766
01:24:10,160 --> 01:24:12,160
Speaker 2: is a bank that's readily available, and they're big in

1767
01:24:12,240 --> 01:24:16,400
Speaker 2: Europe allegedly, and they are online, so essentially they can

1768
01:24:16,479 --> 01:24:19,439
Speaker 2: offer better services and better deals, but you don't have

1769
01:24:19,600 --> 01:24:22,360
Speaker 2: physical facilities, and lots of people use them. And so

1770
01:24:22,600 --> 01:24:24,679
Speaker 2: I looked up these neo banks, these digital banks. They're

1771
01:24:24,680 --> 01:24:28,080
Speaker 2: in Australia. They've got Juno. Now I've heard of Juno,

1772
01:24:28,200 --> 01:24:31,320
Speaker 2: so that's a neobank. Up Bank is another one. And

1773
01:24:31,439 --> 01:24:33,960
Speaker 2: we actually have some neo banks in this country. They

1774
01:24:34,000 --> 01:24:36,840
Speaker 2: are called Dosh, Emerge and Deboo. Now have you heard

1775
01:24:36,880 --> 01:24:39,479
Speaker 2: of them? The answer, of course is no. Now should

1776
01:24:39,479 --> 01:24:41,560
Speaker 2: you have heard of them? Maybe maybe not if you

1777
01:24:41,640 --> 01:24:43,400
Speaker 2: had heard of them and you suddenly thought to yourself,

1778
01:24:43,400 --> 01:24:45,320
Speaker 2: I'm being ripped off at my regular bank. I'm going

1779
01:24:45,360 --> 01:24:47,280
Speaker 2: to go to a nego bank Dosh emerge or debut

1780
01:24:47,360 --> 01:24:49,280
Speaker 2: or maybe I'm going to give them that they're digital.

1781
01:24:49,320 --> 01:24:51,200
Speaker 2: Why wouldn't you deal with one in Britain or Denmark

1782
01:24:51,280 --> 01:24:55,560
Speaker 2: or Scandinavia or Australia or Juno wherever you like? And

1783
01:24:55,640 --> 01:24:57,320
Speaker 2: the answer is because I don't think there's a scandal

1784
01:24:57,360 --> 01:24:59,439
Speaker 2: in banking, because if there was and these were the difference,

1785
01:24:59,560 --> 01:25:01,040
Speaker 2: they would have made a difference by now so.

1786
01:25:01,200 --> 01:25:03,200
Speaker 11: And also given that their digital, why would you have

1787
01:25:03,280 --> 01:25:04,320
Speaker 11: to go to London to look at them?

1788
01:25:04,320 --> 01:25:06,160
Speaker 2: One hundred percent? That's the next thing that Sam and

1789
01:25:06,200 --> 01:25:08,240
Speaker 2: I were discussing this, but we decided that wasn't as

1790
01:25:08,320 --> 01:25:10,880
Speaker 2: important as us going to London, and maybe once we

1791
01:25:10,960 --> 01:25:12,560
Speaker 2: got there going oh, we probably didn't need to be

1792
01:25:12,640 --> 01:25:14,519
Speaker 2: here after all. But at least we'd be down Oxford

1793
01:25:14,560 --> 01:25:15,920
Speaker 2: Street at sains. We's having a good time.

1794
01:25:15,960 --> 01:25:18,920
Speaker 11: I don't know so and i'd just be here pushing

1795
01:25:18,960 --> 01:25:20,760
Speaker 11: these buttons exactly so.

1796
01:25:21,560 --> 01:25:22,880
Speaker 2: I don't know what to do. It's a very nice

1797
01:25:22,920 --> 01:25:25,000
Speaker 2: invite text to invite us to London so we can

1798
01:25:25,080 --> 01:25:27,759
Speaker 2: go study. It's one of those It's like a sabbatical,

1799
01:25:28,080 --> 01:25:30,400
Speaker 2: isn't it. We're going on special sabbatical and we'll come

1800
01:25:30,479 --> 01:25:31,719
Speaker 2: back with a special report.

1801
01:25:34,040 --> 01:25:35,559
Speaker 11: You can come up with a list of places where

1802
01:25:35,600 --> 01:25:37,400
Speaker 11: they have I think they're quite big in South America.

1803
01:25:37,760 --> 01:25:40,080
Speaker 2: That's what I would end. You're always end the report

1804
01:25:40,160 --> 01:25:45,400
Speaker 2: saying further investigations required. It's nine to nine.

1805
01:25:46,000 --> 01:25:50,519
Speaker 1: The Mike Hosking Breakfast with Vida Retirement Communities News togs

1806
01:25:50,600 --> 01:25:51,040
Speaker 1: had been.

1807
01:25:51,200 --> 01:25:53,680
Speaker 2: New Zealand, Australia and indeed the Pacific Islands are both

1808
01:25:53,760 --> 01:25:57,040
Speaker 2: some incredibly special waterfront properties, of course, unique locations in

1809
01:25:57,160 --> 01:26:00,719
Speaker 2: viable views, strong connection to nature, and only a waterfront

1810
01:26:00,760 --> 01:26:03,080
Speaker 2: property that's a dream of many of us, coveted by many,

1811
01:26:03,120 --> 01:26:05,320
Speaker 2: but of course attained by very very few. They're tightly

1812
01:26:05,360 --> 01:26:08,559
Speaker 2: held when you get them, reluctantly relinquished, and a decision

1813
01:26:08,600 --> 01:26:11,680
Speaker 2: to sell often is well considered and often heartfelt. So

1814
01:26:12,040 --> 01:26:15,080
Speaker 2: for over thirty years, Bailey's Waterfront Magazine has been the

1815
01:26:15,200 --> 01:26:19,360
Speaker 2: definitive showcase of these most iconic coastal, riverfront and lakeside

1816
01:26:19,400 --> 01:26:22,080
Speaker 2: homes for sale, and now they are featuring properties from

1817
01:26:22,120 --> 01:26:25,479
Speaker 2: New Zealand, Australia and the Pacific. So Waterfront Magazine powerful

1818
01:26:25,520 --> 01:26:28,320
Speaker 2: reached across luxury channels. It's a proven track record of

1819
01:26:28,439 --> 01:26:31,720
Speaker 2: uncovering motivated buyers those who are genuinely looking for a

1820
01:26:31,760 --> 01:26:34,439
Speaker 2: waterfront property and indeed in the position to buy. So

1821
01:26:34,680 --> 01:26:36,559
Speaker 2: planning is underway for the twenty five to twenty six

1822
01:26:36,640 --> 01:26:39,360
Speaker 2: issue of waterfront releases over the Labour weekend, so you

1823
01:26:39,400 --> 01:26:41,360
Speaker 2: can get you know, grab a glass of wine, have

1824
01:26:41,400 --> 01:26:44,240
Speaker 2: a good long look, and if the time has come

1825
01:26:44,280 --> 01:26:46,920
Speaker 2: to sell your prize waterfront home, you let Bailey's specialist

1826
01:26:46,960 --> 01:26:48,800
Speaker 2: waterfront team do the business for you. They'll take your

1827
01:26:48,800 --> 01:26:52,120
Speaker 2: waterfront property beyond the horizon because your home deserves the

1828
01:26:52,280 --> 01:26:55,599
Speaker 2: wild's attention. Of course, Bailey's dot co dot nz Ford

1829
01:26:55,680 --> 01:26:59,200
Speaker 2: slash waterfront, Bailey's dot Co dot nz Ford slash waterfront

1830
01:26:59,600 --> 01:27:01,920
Speaker 2: or content at your local Bailey's office, licensed of course

1831
01:27:02,000 --> 01:27:05,879
Speaker 2: under the re Douba of two thousand and eight Hosking

1832
01:27:06,160 --> 01:27:08,280
Speaker 2: in New Zealand come to the party this morning. Earnings

1833
01:27:08,320 --> 01:27:10,639
Speaker 2: before tax one eight nine million, net profit one twenty

1834
01:27:10,680 --> 01:27:12,600
Speaker 2: six million. They are lone numbers these days, aren't they?

1835
01:27:12,640 --> 01:27:15,880
Speaker 2: Capacity down four They've got six narrow bodies and five

1836
01:27:16,200 --> 01:27:19,439
Speaker 2: wide bodies on the ground going nowhere. Dividend of one

1837
01:27:19,479 --> 01:27:22,719
Speaker 2: point twenty five cents thirty eight million share buyback revenue

1838
01:27:22,720 --> 01:27:24,639
Speaker 2: to climb by two percent to five point nine billion,

1839
01:27:24,720 --> 01:27:28,559
Speaker 2: four percent reduction in overall network capacity. Fuel helped improve

1840
01:27:28,600 --> 01:27:30,519
Speaker 2: twelve percent. That's a couple one hundred million dollars. So

1841
01:27:30,760 --> 01:27:34,000
Speaker 2: the price of fuels critical non fuel operating cost inflation

1842
01:27:34,200 --> 01:27:37,320
Speaker 2: of two thirty five, so the inflation offset the gains

1843
01:27:37,360 --> 01:27:40,880
Speaker 2: and fuel Oh the irony hire a landing charges, labour

1844
01:27:40,920 --> 01:27:43,400
Speaker 2: costs and engineering material So they're in a world of

1845
01:27:43,439 --> 01:27:45,800
Speaker 2: pain still. They talk about resilience and tough times and

1846
01:27:45,880 --> 01:27:47,599
Speaker 2: yaddi aadi YadA, but they're in a world of pain.

1847
01:27:48,680 --> 01:27:51,960
Speaker 2: So once the planes leave the ground, things might turn

1848
01:27:52,000 --> 01:27:54,240
Speaker 2: around significantly. Five minutes away from nine.

1849
01:27:54,360 --> 01:28:00,280
Speaker 1: Trending now with Chemist Warehouse, great savings every days.

1850
01:28:00,360 --> 01:28:02,479
Speaker 8: There you are desert bred.

1851
01:28:02,720 --> 01:28:08,760
Speaker 2: Sorry broke, he's goodnessness. You ever played snook in a

1852
01:28:08,800 --> 01:28:15,439
Speaker 2: Morgan one? You should try that sometimes it's fantastic anyway. Spotify,

1853
01:28:15,439 --> 01:28:18,160
Speaker 2: I've got this thing where they start predicting things. They

1854
01:28:18,240 --> 01:28:23,560
Speaker 2: predict a song whether where it will go in this

1855
01:28:23,640 --> 01:28:27,040
Speaker 2: called what I Want, and it's top Spotify's official trend

1856
01:28:27,080 --> 01:28:30,719
Speaker 2: in chart. Now, that chart uses AI to predict future

1857
01:28:30,800 --> 01:28:33,240
Speaker 2: top songs and has an accuracy rate of eighty percent,

1858
01:28:33,360 --> 01:28:35,240
Speaker 2: So that's kind of like as eighty percent of thing

1859
01:28:36,160 --> 01:28:38,160
Speaker 2: I mean, I got an accuracy rate of eighty percent.

1860
01:28:38,520 --> 01:28:40,760
Speaker 2: Am I going to turn up tomorrow? I predict I will,

1861
01:28:40,920 --> 01:28:42,640
Speaker 2: so I reckon I got a better acuracy rate than

1862
01:28:42,680 --> 01:28:45,479
Speaker 2: they do. So if you want to go to number one,

1863
01:28:45,600 --> 01:28:47,479
Speaker 2: this is this is so this one could go to

1864
01:28:47,600 --> 01:28:51,719
Speaker 2: number one according to the AI, to the algorithm wandered

1865
01:28:51,800 --> 01:28:51,960
Speaker 2: up to.

1866
01:28:52,000 --> 01:28:52,840
Speaker 15: Then it's a good song.

1867
01:28:54,160 --> 01:28:56,599
Speaker 2: If this is a game, can you put the song

1868
01:28:56,680 --> 01:28:59,880
Speaker 2: into the AI and they'll tell you that that's the

1869
01:29:00,040 --> 01:29:02,519
Speaker 2: next thing they need to do. That's an opportunity. I'd

1870
01:29:02,640 --> 01:29:05,760
Speaker 2: charge five cents ago and you plug your song and

1871
01:29:05,880 --> 01:29:07,439
Speaker 2: it will give you a ranking on whether or not.

1872
01:29:07,520 --> 01:29:10,280
Speaker 2: Because here's one about the jeepers and the creepers. That's

1873
01:29:10,320 --> 01:29:12,280
Speaker 2: a that's a fantastic song. If you put that song

1874
01:29:12,439 --> 01:29:15,160
Speaker 2: Dupis and the Creepers. It's all on his new album.

1875
01:29:15,360 --> 01:29:17,440
Speaker 2: Just go listen to Morgan.

1876
01:29:20,520 --> 01:29:21,479
Speaker 26: If they an.

1877
01:29:21,479 --> 01:29:22,439
Speaker 25: Stay there.

1878
01:29:24,960 --> 01:29:27,400
Speaker 11: His songs, So really ever going there?

1879
01:29:27,439 --> 01:29:27,680
Speaker 1: Do they?

1880
01:29:27,800 --> 01:29:29,560
Speaker 11: Let's be honest, they do.

1881
01:29:30,160 --> 01:29:32,200
Speaker 2: Spotify says there going all the way to the top.

1882
01:29:32,840 --> 01:29:34,760
Speaker 2: That was the point of the signal where they're going

1883
01:29:34,800 --> 01:29:35,599
Speaker 2: all the way to the top.

1884
01:29:35,840 --> 01:29:38,679
Speaker 11: It's just like they start, they go and they stop

1885
01:29:39,360 --> 01:29:42,479
Speaker 11: the next one and there's about thirty of them on own.

1886
01:29:42,320 --> 01:29:45,439
Speaker 2: Album Everyone's at Cinec. Aren't they you like Georgia lines?

1887
01:29:45,479 --> 01:29:46,680
Speaker 2: Or are you texting in there as well?

1888
01:29:46,760 --> 01:29:48,160
Speaker 11: We I liked it.

1889
01:29:48,439 --> 01:29:49,200
Speaker 2: It was all good.

1890
01:29:49,680 --> 01:29:50,880
Speaker 11: Not a fan of Morgan so much.

1891
01:29:51,080 --> 01:29:53,960
Speaker 2: Back tomorrow from six Happy Days

1892
01:29:55,360 --> 01:29:58,240
Speaker 1: For more from the mic Asking breakfast, listen live to

1893
01:29:58,400 --> 01:30:01,519
Speaker 1: news talks it'd be from six Weekdays, or follow the

1894
01:30:01,600 --> 01:30:03,040
Speaker 1: podcast on iHeartRadio