1 00:00:00,520 --> 00:00:04,320 Speaker 1: The Breakfast Show You Can Trust The Mic Hosking Breakfast 2 00:00:04,720 --> 00:00:08,320 Speaker 1: with Bailey's Real Estate, doing real estate differently since nineteen 3 00:00:08,480 --> 00:00:10,799 Speaker 1: seventy three, News togsadb Well you welcome. 4 00:00:10,840 --> 00:00:13,080 Speaker 2: Today we have new printing around AI for the country. 5 00:00:13,160 --> 00:00:15,840 Speaker 2: We've got concerns about the government's gun reform laws. The 6 00:00:15,960 --> 00:00:20,640 Speaker 2: Warriors have officially sold out their entire season. That makes 7 00:00:20,680 --> 00:00:23,079 Speaker 2: them the first NRAL club ever to do so. It's 8 00:00:23,079 --> 00:00:25,759 Speaker 2: PM Tuesday. Callum Hedge is home for the midseason break 9 00:00:25,760 --> 00:00:27,880 Speaker 2: in Indy, so we catch up with him. Our Katherine's 10 00:00:27,880 --> 00:00:28,320 Speaker 2: in France. 11 00:00:28,400 --> 00:00:32,000 Speaker 3: Rod is in the UK rules as well, pasking. 12 00:00:31,920 --> 00:00:34,559 Speaker 2: Excuse me, Welcome to the day seven past six home ownership. 13 00:00:35,600 --> 00:00:37,880 Speaker 2: Home ownership stats If you haven't seen them look really 14 00:00:37,960 --> 00:00:41,839 Speaker 2: bad or do they? Ownerships drop below sixty percent. That's 15 00:00:41,880 --> 00:00:44,760 Speaker 2: the lowest since nineteen forty five. By twenty forty eight, 16 00:00:45,080 --> 00:00:47,159 Speaker 2: it's claimed they will drop another ten percent, which of 17 00:00:47,159 --> 00:00:49,839 Speaker 2: course means there will be more renters than there are owners. 18 00:00:49,840 --> 00:00:52,400 Speaker 2: So here's the trouble with all of this. The coverage 19 00:00:52,600 --> 00:00:54,880 Speaker 2: is written up as though it's bad news. The inference 20 00:00:54,960 --> 00:00:57,680 Speaker 2: is owning as good. Renting is bad, and that is 21 00:00:57,720 --> 00:00:59,680 Speaker 2: because well, that is the way it has always been 22 00:00:59,680 --> 00:01:02,080 Speaker 2: its own bad if we decide it's bad. People who 23 00:01:02,120 --> 00:01:04,679 Speaker 2: don't own a home want to own one but can't. 24 00:01:05,000 --> 00:01:07,240 Speaker 2: Also within that category are the ones who want to 25 00:01:07,319 --> 00:01:09,240 Speaker 2: but can't, but in reality we're never going to be 26 00:01:09,319 --> 00:01:12,120 Speaker 2: able to versus the ones who should be able to 27 00:01:12,480 --> 00:01:15,040 Speaker 2: but can't. See lots of things at play here. I mean, 28 00:01:15,080 --> 00:01:16,760 Speaker 2: do you buy a home so you can build wealth 29 00:01:17,160 --> 00:01:19,120 Speaker 2: or just because it's more fun to own than rent 30 00:01:19,240 --> 00:01:20,960 Speaker 2: and you can paint the walls any color you want. 31 00:01:21,080 --> 00:01:23,560 Speaker 2: How many people who could own but don't because they 32 00:01:23,560 --> 00:01:25,120 Speaker 2: don't get to live where they want or have the 33 00:01:25,200 --> 00:01:28,160 Speaker 2: quality of house they would like. What role had the 34 00:01:28,200 --> 00:01:30,399 Speaker 2: banks played in all of this with deposits and loan 35 00:01:30,440 --> 00:01:32,720 Speaker 2: to income ratios. What role does the government play and 36 00:01:32,840 --> 00:01:35,119 Speaker 2: rules around key you saber and first home loans and grunts? 37 00:01:35,280 --> 00:01:37,160 Speaker 2: How many people who can't afford a home are in 38 00:01:37,200 --> 00:01:39,920 Speaker 2: Auckland or Queenstown or Toweronga and locked out because the 39 00:01:39,920 --> 00:01:42,319 Speaker 2: markets are different to everywhere else in the country. See, 40 00:01:42,360 --> 00:01:45,360 Speaker 2: ownership is not a right, but it shouldn't be a privilege. 41 00:01:45,480 --> 00:01:47,920 Speaker 2: It should be hard like it has always been, but 42 00:01:48,200 --> 00:01:51,680 Speaker 2: doable if you really want it. Banks are looking at 43 00:01:51,720 --> 00:01:55,320 Speaker 2: new products like group loans, split ownership, rent to buy 44 00:01:55,360 --> 00:01:57,840 Speaker 2: looks like a decent IDEA long term rental projects where 45 00:01:57,840 --> 00:01:59,760 Speaker 2: you sign up to rent for thirty years could be 46 00:01:59,760 --> 00:02:02,560 Speaker 2: an answer for those not obsessed about ownership. See I 47 00:02:02,640 --> 00:02:04,920 Speaker 2: could suggest a lot of major cities all over the world, 48 00:02:04,960 --> 00:02:07,480 Speaker 2: from Rome to New York are not affordable and haven't 49 00:02:07,480 --> 00:02:10,000 Speaker 2: been for decades. But in New Zealand we like to 50 00:02:10,000 --> 00:02:13,640 Speaker 2: think we're a bit different, more egalitarian maybe though the 51 00:02:13,680 --> 00:02:16,120 Speaker 2: simple truth as we aren't. And this is the future, 52 00:02:16,360 --> 00:02:17,359 Speaker 2: whether you welcome. 53 00:02:17,080 --> 00:02:17,640 Speaker 3: It or not. 54 00:02:19,680 --> 00:02:22,320 Speaker 1: News of the World in ninety second tail a. 55 00:02:22,360 --> 00:02:24,720 Speaker 2: Couple of governments for your first Venezuela and the Duro 56 00:02:24,840 --> 00:02:25,560 Speaker 2: says he's won. 57 00:02:25,919 --> 00:02:28,679 Speaker 4: They couldn't win the spate sanctions, they couldn't win the 58 00:02:28,760 --> 00:02:33,079 Speaker 4: spade aggressions, they couldn't win the spate threats. They couldn't 59 00:02:33,080 --> 00:02:36,000 Speaker 4: now and they will never do so against the dignity 60 00:02:36,120 --> 00:02:37,440 Speaker 4: of the people of Venezuela. 61 00:02:37,560 --> 00:02:39,400 Speaker 2: And then in Britain, the new Mob have found the 62 00:02:39,440 --> 00:02:41,280 Speaker 2: old Mob made a lot of promises with no money 63 00:02:41,320 --> 00:02:44,800 Speaker 2: behind them. So you have a Stephen Joyce esque for Skillhole. 64 00:02:45,040 --> 00:02:48,600 Speaker 5: I will restore our country's economic stability. I will make 65 00:02:48,680 --> 00:02:51,799 Speaker 5: the tough choices. I will fix the foundations of our 66 00:02:51,840 --> 00:02:55,320 Speaker 5: economy so we can rebuild Britain and make every part 67 00:02:55,480 --> 00:02:56,760 Speaker 5: of our country better off. 68 00:02:57,160 --> 00:02:58,280 Speaker 2: The Tories are having none of that. 69 00:02:58,440 --> 00:03:02,800 Speaker 6: Those public finances were audited by the OBR just ten 70 00:03:02,840 --> 00:03:07,040 Speaker 6: weeks before the election was called. We're now expected to 71 00:03:07,080 --> 00:03:10,480 Speaker 6: believe that in that short period a twenty billion pound 72 00:03:10,520 --> 00:03:12,600 Speaker 6: black hole has magically emerged. 73 00:03:12,639 --> 00:03:15,119 Speaker 2: And then we have a dance workshop where anata got 74 00:03:15,120 --> 00:03:16,320 Speaker 2: loose with a knife. 75 00:03:16,040 --> 00:03:18,920 Speaker 7: And there was a woman who was screaming saying that 76 00:03:18,919 --> 00:03:22,120 Speaker 7: a child's she can't find a child, and they let 77 00:03:22,120 --> 00:03:22,560 Speaker 7: her into the. 78 00:03:22,520 --> 00:03:25,280 Speaker 8: Cordon and she ran down and mom. 79 00:03:25,240 --> 00:03:27,000 Speaker 9: So as she could hear with screaming and cry and 80 00:03:27,000 --> 00:03:28,079 Speaker 9: saying that's my child. 81 00:03:27,919 --> 00:03:28,560 Speaker 3: That's my child. 82 00:03:28,720 --> 00:03:30,639 Speaker 2: Home Secretary gave the update in the Commons. 83 00:03:30,720 --> 00:03:33,560 Speaker 10: I have been in contact with the Merseyside Police and 84 00:03:33,720 --> 00:03:38,600 Speaker 10: Crime Commissioner and the Merseyside Mayor to convey my support 85 00:03:38,840 --> 00:03:42,400 Speaker 10: to the police and our thanks to the police and 86 00:03:42,480 --> 00:03:46,080 Speaker 10: Emergency Services for their swift and courageous response. 87 00:03:46,400 --> 00:03:49,440 Speaker 2: Leaders We have on that two did nine are injured. 88 00:03:49,440 --> 00:03:51,280 Speaker 2: More with rod later on, of course, and a new 89 00:03:51,280 --> 00:03:54,520 Speaker 2: week in Washington where childless cat ladies is filled. The 90 00:03:54,560 --> 00:03:55,280 Speaker 2: topic du jour. 91 00:03:55,440 --> 00:03:58,480 Speaker 11: He was talking about how the Democratic Party has abandoned 92 00:03:58,520 --> 00:04:02,120 Speaker 11: the traditional family. They have trying to marginalize GD and 93 00:04:02,200 --> 00:04:05,360 Speaker 11: make him some kind of bad Person's not gonna work 94 00:04:05,400 --> 00:04:06,760 Speaker 11: because he's not a bad person. 95 00:04:06,800 --> 00:04:09,760 Speaker 2: He's a good person. Finally, the power of love. Scientists 96 00:04:09,880 --> 00:04:12,920 Speaker 2: on Columbia University spoted fast raging and people who had 97 00:04:12,960 --> 00:04:14,640 Speaker 2: lost a parent or a partner, or sibling or a 98 00:04:14,720 --> 00:04:17,760 Speaker 2: child before they turned eighteen. Signs weren't there on those 99 00:04:17,760 --> 00:04:20,520 Speaker 2: who had not lost someone close to them. Aging process 100 00:04:20,520 --> 00:04:23,920 Speaker 2: involved poor a mental health, cognitive impairment, heart metabolic issues. 101 00:04:24,120 --> 00:04:25,800 Speaker 2: The hope is that data can be used to better 102 00:04:25,839 --> 00:04:28,360 Speaker 2: pin point once sort of counseling is needed to help 103 00:04:28,400 --> 00:04:30,280 Speaker 2: people out the other side and let us news of 104 00:04:30,279 --> 00:04:33,479 Speaker 2: the world. In ninety second year, Miduros potentially got some 105 00:04:33,560 --> 00:04:37,039 Speaker 2: problems because the dancing in the streets was all choreographed. 106 00:04:37,360 --> 00:04:39,479 Speaker 2: As soon as the numbers are coming in, he said, 107 00:04:39,520 --> 00:04:41,400 Speaker 2: thanks very much, I won have won a third term 108 00:04:41,400 --> 00:04:45,839 Speaker 2: in office. At the exact same time the opposition claimed no, no, no, 109 00:04:46,040 --> 00:04:49,599 Speaker 2: they had won. So the international community and a number 110 00:04:49,600 --> 00:04:52,000 Speaker 2: of opposition groups are saying, you'll need to explain the numbers. 111 00:04:52,000 --> 00:04:53,880 Speaker 2: So we continue to watch and wait on that. Twelve 112 00:04:53,960 --> 00:04:58,200 Speaker 2: past six, come my costume breakfast. Hugh Edwards here, remember 113 00:04:58,240 --> 00:05:00,840 Speaker 2: the name, one of the most trusted names in British broadcasting. 114 00:05:00,880 --> 00:05:04,200 Speaker 2: His life has turned to shite child porn images this 115 00:05:04,240 --> 00:05:08,600 Speaker 2: morning thirty seven and Decent Images allegedly shared them on WhatsApp, 116 00:05:08,960 --> 00:05:11,920 Speaker 2: facing three charges making in decent images of children between 117 00:05:11,920 --> 00:05:14,839 Speaker 2: December twenty and April twenty two. Much more with Rod later. 118 00:05:14,920 --> 00:05:16,000 Speaker 2: Fourteen past six. 119 00:05:18,680 --> 00:05:18,920 Speaker 12: Jm. 120 00:05:19,160 --> 00:05:20,680 Speaker 2: Lph Andrew callaher good. 121 00:05:20,480 --> 00:05:22,400 Speaker 13: Morning, very good morning, Mike. 122 00:05:22,520 --> 00:05:24,600 Speaker 2: Update me on the labor market. We're getting worse. What's 123 00:05:24,640 --> 00:05:25,040 Speaker 2: going on? 124 00:05:25,839 --> 00:05:30,480 Speaker 14: Yeah, Look, this is the monthly employment indicators release yesday 125 00:05:30,560 --> 00:05:33,440 Speaker 14: by Stats New Zealand. These are numbers for June twenty four. 126 00:05:33,480 --> 00:05:35,400 Speaker 14: We do keep an eye on the start a series, Mike, 127 00:05:35,440 --> 00:05:38,040 Speaker 14: when trying to sort of relay any trends, any themes 128 00:05:38,080 --> 00:05:40,080 Speaker 14: we might see in there to you. Now, this data 129 00:05:40,120 --> 00:05:43,799 Speaker 14: comes from the Inland Revenue Information so this is factual, 130 00:05:43,839 --> 00:05:46,640 Speaker 14: it's real. It's not a survey, it's not people's thoughts 131 00:05:46,680 --> 00:05:49,720 Speaker 14: and opinions. It's actually who is being paid, who's paying 132 00:05:49,800 --> 00:05:54,440 Speaker 14: taxes at the headline level. Lower numbers for June and 133 00:05:54,640 --> 00:05:58,520 Speaker 14: April and May that had previously announced they were revised lower. 134 00:05:59,000 --> 00:06:01,960 Speaker 14: So what you've got here, Mike, is more evidence that 135 00:06:02,040 --> 00:06:05,240 Speaker 14: the labor market is moving in the direction one that 136 00:06:05,279 --> 00:06:07,440 Speaker 14: the Arby and Z was forecasting it was going to 137 00:06:07,440 --> 00:06:13,600 Speaker 14: move in two unfortunately necessary in terms of monetary policy context. 138 00:06:13,680 --> 00:06:16,760 Speaker 14: So sort of trying to calm the labor market down 139 00:06:17,080 --> 00:06:18,280 Speaker 14: hopefully get inflation down. 140 00:06:18,320 --> 00:06:19,560 Speaker 13: Now we don't get the. 141 00:06:20,240 --> 00:06:24,800 Speaker 14: Drop of official sort of labor market data until early August. 142 00:06:25,480 --> 00:06:28,839 Speaker 14: So the seasonally adjusted number of jobs filled fell in 143 00:06:28,920 --> 00:06:31,240 Speaker 14: June by zero point one percent, which isn't much, but 144 00:06:31,279 --> 00:06:35,400 Speaker 14: that's oney seven hundred and sixty six jobs. April was 145 00:06:35,440 --> 00:06:39,400 Speaker 14: originally released at minus point one, that was revised down 146 00:06:39,400 --> 00:06:43,839 Speaker 14: to minus point two. May was originally reported as flat 147 00:06:43,920 --> 00:06:46,240 Speaker 14: that was revised down to minus point three. 148 00:06:46,640 --> 00:06:47,520 Speaker 13: Thing is, Mike, we. 149 00:06:47,520 --> 00:06:53,680 Speaker 14: Haven't seen three consecutive monthly falls since the GFC, so 150 00:06:53,760 --> 00:06:58,000 Speaker 14: this continues another bit of data where we're actually the comparative. 151 00:06:58,080 --> 00:07:01,360 Speaker 14: The relative comparative is the g We're seeing this all 152 00:07:01,400 --> 00:07:05,120 Speaker 14: the time. So the total number of full jobs is 153 00:07:05,160 --> 00:07:07,960 Speaker 14: now up zero point two percent if we look at 154 00:07:08,279 --> 00:07:11,200 Speaker 14: compare it to the same time last year. But we've 155 00:07:11,200 --> 00:07:13,600 Speaker 14: had strong growth in the working ash population like of 156 00:07:13,680 --> 00:07:14,880 Speaker 14: around sort of three percent. 157 00:07:14,960 --> 00:07:18,040 Speaker 13: So the real effect of jobs. 158 00:07:17,720 --> 00:07:19,880 Speaker 14: Has actually fallen since last year if we look at 159 00:07:19,880 --> 00:07:22,320 Speaker 14: the actual numbers because people, you know, people do relate 160 00:07:22,360 --> 00:07:23,360 Speaker 14: more to actual numbers. 161 00:07:23,600 --> 00:07:24,800 Speaker 13: So this quarter, on a. 162 00:07:24,760 --> 00:07:29,080 Speaker 14: Seasonally adjusted basis, you've got fourteen three hundred fewer jobs. 163 00:07:29,160 --> 00:07:32,840 Speaker 14: If we look at the raw data, so not seasonally adjusted, 164 00:07:32,880 --> 00:07:37,400 Speaker 14: you've got thirty thousand fewer jobs. So unfortunately, I think 165 00:07:37,440 --> 00:07:41,680 Speaker 14: these numbers will continue in that vein, if not accelerate 166 00:07:41,840 --> 00:07:43,400 Speaker 14: between now and the end of this year. 167 00:07:43,560 --> 00:07:46,560 Speaker 2: Problem then we come to flatchers. Do they have troubles 168 00:07:46,640 --> 00:07:47,920 Speaker 2: like on all fronts. 169 00:07:48,040 --> 00:07:50,040 Speaker 13: Now They've just got they've got boat problems. 170 00:07:50,040 --> 00:07:52,400 Speaker 14: We've got boat problems everywhere now, so they've got problems 171 00:07:52,400 --> 00:07:55,400 Speaker 14: with cement. Not worth making it, but getting it where 172 00:07:55,400 --> 00:07:57,400 Speaker 14: it needs to go. So this is their subsidiary, Golden 173 00:07:57,400 --> 00:08:00,480 Speaker 14: based ament. It's a ship problem. To the copst Ferents 174 00:08:00,480 --> 00:08:02,520 Speaker 14: aren't the only problematic boats out there. 175 00:08:03,040 --> 00:08:04,640 Speaker 13: The ships that the ship that. 176 00:08:04,760 --> 00:08:09,320 Speaker 14: Transports cement around the North Island from Golden Based manufacturing 177 00:08:09,320 --> 00:08:11,200 Speaker 14: facility at the top of the South Island there has 178 00:08:11,200 --> 00:08:14,520 Speaker 14: got a mechanical issue. It's currently docked at Northport. It's 179 00:08:14,600 --> 00:08:17,840 Speaker 14: not going anywhere it needs repairs. Golden base c event 180 00:08:17,920 --> 00:08:20,880 Speaker 14: does have contingency plans, got coastal barges grade use of 181 00:08:20,960 --> 00:08:24,600 Speaker 14: road transport. Unfortunately, that costs more and it's going to 182 00:08:24,600 --> 00:08:27,720 Speaker 14: have an impact on their forecast earnings for FY for 183 00:08:27,880 --> 00:08:30,800 Speaker 14: financial year twenty five. At the moment, they're forecasting that 184 00:08:30,840 --> 00:08:32,880 Speaker 14: to be in the ten to thirty million dollar range 185 00:08:32,920 --> 00:08:35,560 Speaker 14: of quite a wide range because it costs more to 186 00:08:35,559 --> 00:08:37,640 Speaker 14: get it where it needs to go. That's an estimate, 187 00:08:37,679 --> 00:08:40,960 Speaker 14: though the final number will depend on a number of factors, 188 00:08:41,000 --> 00:08:43,560 Speaker 14: including just how long this problem goes on, what's the 189 00:08:43,559 --> 00:08:45,439 Speaker 14: problem with the ship, albums that take to get fixed, 190 00:08:45,520 --> 00:08:47,920 Speaker 14: all of that sort of stuff. The share price fell 191 00:08:48,040 --> 00:08:51,200 Speaker 14: yesterday just under six percent, so it was a reasonable 192 00:08:51,200 --> 00:08:53,320 Speaker 14: impact on the share price five point seventy percent. 193 00:08:53,600 --> 00:08:57,520 Speaker 13: Another little challenge for Fletcher building continuation of a challenging period. 194 00:08:57,559 --> 00:08:59,280 Speaker 14: They did get some good news though recently they've got 195 00:08:59,280 --> 00:09:01,520 Speaker 14: a new director, so they're rebuilding the board in that 196 00:09:01,400 --> 00:09:03,600 Speaker 14: and the new director doesn't look a good appointment. So 197 00:09:03,720 --> 00:09:07,240 Speaker 14: can the new director moves some mental Probably not in 198 00:09:07,280 --> 00:09:08,040 Speaker 14: the short term. 199 00:09:08,360 --> 00:09:11,640 Speaker 13: It wasn't on his cv cement moving skills was going 200 00:09:11,720 --> 00:09:12,000 Speaker 13: to know. 201 00:09:12,200 --> 00:09:14,400 Speaker 2: And then we come to honey. So how bad is 202 00:09:14,480 --> 00:09:15,240 Speaker 2: it for a compter? 203 00:09:16,160 --> 00:09:16,840 Speaker 13: It's not good. 204 00:09:17,080 --> 00:09:19,520 Speaker 14: And unfortunately you've got one of these series of so 205 00:09:19,559 --> 00:09:22,240 Speaker 14: it's convened as a listed company that sales honey and 206 00:09:22,240 --> 00:09:22,880 Speaker 14: honey products. 207 00:09:22,920 --> 00:09:24,520 Speaker 13: But we've talked before about this night. 208 00:09:24,559 --> 00:09:26,679 Speaker 14: When you get one bad announcement, then you get another one, 209 00:09:26,720 --> 00:09:28,520 Speaker 14: you tend to then start to get into sort of 210 00:09:28,600 --> 00:09:32,280 Speaker 14: a flow. They're very dependent on China announcement, you say, 211 00:09:32,320 --> 00:09:34,679 Speaker 14: on their result for this year. Look words, we've become 212 00:09:34,760 --> 00:09:39,040 Speaker 14: quite accustomed to now weakness in China trading conditions. We're 213 00:09:39,040 --> 00:09:41,640 Speaker 14: seeing that a lot that's continuing. There was a cancelation 214 00:09:41,720 --> 00:09:45,920 Speaker 14: of a festival, the six eighteen shopping festival that affected them. 215 00:09:45,920 --> 00:09:47,920 Speaker 13: Then you've got actually got the fact that when you've got. 216 00:09:47,760 --> 00:09:50,440 Speaker 14: Weak China, that flows into other related Asian markets. 217 00:09:50,640 --> 00:09:52,719 Speaker 13: Their fourth quarter sales below expectations. 218 00:09:52,760 --> 00:09:56,439 Speaker 14: They're guidance for the financial year FY twenty four for 219 00:09:56,520 --> 00:09:57,920 Speaker 14: the twenty four financial year. 220 00:09:58,120 --> 00:10:00,880 Speaker 13: It's now lower than the guidance that they gave in May. 221 00:10:01,280 --> 00:10:03,080 Speaker 14: Then they were saying two hundred and eleven to two 222 00:10:03,160 --> 00:10:05,559 Speaker 14: hundred and eighteen million of revenues, now two hundred and 223 00:10:05,600 --> 00:10:08,840 Speaker 14: four earnings now forecast at seventeen million that's fallen from 224 00:10:08,880 --> 00:10:11,079 Speaker 14: a range of twenty three to twenty eight chare perce 225 00:10:11,120 --> 00:10:13,320 Speaker 14: down eight percent. Share price now at the lowest level 226 00:10:13,360 --> 00:10:16,040 Speaker 14: since when Mike, since the GFS. 227 00:10:16,200 --> 00:10:19,600 Speaker 2: So yeah, yeah, what are the number? 228 00:10:19,840 --> 00:10:20,440 Speaker 3: No? I know? 229 00:10:20,480 --> 00:10:21,000 Speaker 13: What do you do? 230 00:10:22,160 --> 00:10:24,200 Speaker 14: The dal Jones is down five points as we look 231 00:10:24,240 --> 00:10:27,200 Speaker 14: at it, so not much change. Their forty thousand, five 232 00:10:27,280 --> 00:10:29,560 Speaker 14: hundred and eighty four S and P five hundreds up 233 00:10:29,600 --> 00:10:31,840 Speaker 14: ten points five four six eight. The Nasdaq is up 234 00:10:31,880 --> 00:10:35,400 Speaker 14: thirty points, so about point one six percent. Seventeen thy 235 00:10:35,480 --> 00:10:37,679 Speaker 14: three hundred and eighty six overnight. Small move in the 236 00:10:37,720 --> 00:10:40,680 Speaker 14: foots one hundred up six eight two nine two. The 237 00:10:40,800 --> 00:10:43,199 Speaker 14: Nikkay had a two percent game, which is quite good. 238 00:10:43,240 --> 00:10:46,520 Speaker 14: Thirty eight thoy, four hundred and sixty eight Shanghai Compost 239 00:10:46,520 --> 00:10:49,680 Speaker 14: didn't really move yesterday. The Aussie's gained point eight six 240 00:10:49,760 --> 00:10:52,400 Speaker 14: percent on the ASEX two hundred and seventy nine eight nine, 241 00:10:52,440 --> 00:10:55,600 Speaker 14: but we fell just zero point two nine percent. Twelve 242 00:10:55,640 --> 00:10:58,280 Speaker 14: thy three hundred and thirteen. Kiwi dollar is still very 243 00:10:58,320 --> 00:11:01,960 Speaker 14: weak point five eight eight seventy five against the US, 244 00:11:02,040 --> 00:11:04,600 Speaker 14: It's under ninety six against the Aussie point eight nine 245 00:11:04,760 --> 00:11:07,199 Speaker 14: seven eight point five four to two seven against the 246 00:11:07,200 --> 00:11:11,120 Speaker 14: euro point four five sixty seven against the pound ninety 247 00:11:11,120 --> 00:11:13,600 Speaker 14: point four eight. Japanese end gold is trading at two thousand, 248 00:11:13,640 --> 00:11:16,080 Speaker 14: three hundred and seventy eight dollars and a little a 249 00:11:16,120 --> 00:11:18,840 Speaker 14: little bit of good news here Branker's seventy nine dollars 250 00:11:19,080 --> 00:11:20,120 Speaker 14: as sixty four cents. 251 00:11:20,120 --> 00:11:22,480 Speaker 2: Will take it go well, jmiwealth dot co dot ins 252 00:11:22,520 --> 00:11:26,560 Speaker 2: at Andrew kellerher Psky Lamborghini never sold more cars record 253 00:11:26,600 --> 00:11:29,120 Speaker 2: number of deliveries for the first half of twenty twenty four. 254 00:11:29,200 --> 00:11:32,600 Speaker 2: No disruption coming in the second half either. Thirty one 255 00:11:32,720 --> 00:11:37,119 Speaker 2: hundred euroses two thousand and forty three hurricans eight leftover 256 00:11:37,200 --> 00:11:41,800 Speaker 2: evented dors. Revenue increased fourteen percent, the margin was twenty 257 00:11:41,880 --> 00:11:45,600 Speaker 2: nine percent. They made half a billion euros in operating profit. 258 00:11:45,679 --> 00:11:48,760 Speaker 2: Flash cars and lots of money. Six twenty one, Here 259 00:11:48,800 --> 00:11:49,200 Speaker 2: afew was. 260 00:11:49,240 --> 00:11:50,079 Speaker 13: Talk CEV. 261 00:11:52,280 --> 00:11:53,679 Speaker 3: The Mic Hosking breakfast. 262 00:11:54,800 --> 00:11:56,360 Speaker 2: Oh you're out with the fundings of this morning, Mike, 263 00:11:56,400 --> 00:11:58,400 Speaker 2: Did the Warriors fans go to games dressed as blue 264 00:11:58,400 --> 00:12:02,120 Speaker 2: plastic seat bs on the out season? You do realize 265 00:12:02,679 --> 00:12:05,079 Speaker 2: very funny, by the way, You do realize that once 266 00:12:05,120 --> 00:12:07,280 Speaker 2: you buy a season ticket, if you don't go to 267 00:12:07,360 --> 00:12:10,600 Speaker 2: the game, or indeed you're off getting a hearty beverage 268 00:12:10,600 --> 00:12:14,080 Speaker 2: at halftime. The sale has still gone through. It is 269 00:12:14,120 --> 00:12:16,000 Speaker 2: still a seller. You don't need to be in the 270 00:12:16,040 --> 00:12:19,840 Speaker 2: seat at every moment you happen to be watching the television. Mike, 271 00:12:20,360 --> 00:12:23,360 Speaker 2: have you seen the Manchester report police footage? Yes, always 272 00:12:23,400 --> 00:12:26,320 Speaker 2: two sides to a story, Shane. The MSN only report 273 00:12:26,320 --> 00:12:28,360 Speaker 2: that side, Well they don't. I mean they've reported both sides. 274 00:12:28,400 --> 00:12:31,520 Speaker 2: Andy Byrne, who's the mayor of Manchester, has been sort 275 00:12:31,559 --> 00:12:33,439 Speaker 2: of dancing on the head of a pin over the 276 00:12:33,520 --> 00:12:36,080 Speaker 2: last couple of days trying to explain exactly that. Then 277 00:12:36,120 --> 00:12:38,840 Speaker 2: we come to this horrific business that we alluded to 278 00:12:38,880 --> 00:12:41,800 Speaker 2: at the start of the show. There's some nutjobs got 279 00:12:41,840 --> 00:12:45,760 Speaker 2: loose with a knife. Again, this was at a children's 280 00:12:45,880 --> 00:12:48,160 Speaker 2: dance class. As Starr's weighed. 281 00:12:48,120 --> 00:12:52,960 Speaker 7: The events today are just truly awful, and I know 282 00:12:53,000 --> 00:12:57,040 Speaker 7: the whole country is deeply shocked at what they've seen 283 00:12:57,080 --> 00:12:59,800 Speaker 7: and what they've heard. And I know I speak for 284 00:12:59,840 --> 00:13:03,080 Speaker 7: a body in the whole country and saying our thoughts 285 00:13:03,240 --> 00:13:09,080 Speaker 7: and condolences with the victims, their families, their friends, and 286 00:13:09,120 --> 00:13:13,920 Speaker 7: the wider community. And it's almost impossible to imagine the 287 00:13:13,960 --> 00:13:16,200 Speaker 7: grief that they're going through and the trauma that they're 288 00:13:16,240 --> 00:13:16,800 Speaker 7: going through. 289 00:13:17,240 --> 00:13:22,440 Speaker 15: Trending now with chemist Warehouse great savings every day. 290 00:13:22,480 --> 00:13:24,120 Speaker 2: I have a risted a seventeen year old. I don't 291 00:13:24,160 --> 00:13:25,679 Speaker 2: have a motive, Yate. But we'll get to Rod later 292 00:13:25,760 --> 00:13:27,760 Speaker 2: in the program. If you follow the UFC by the way, 293 00:13:27,760 --> 00:13:30,640 Speaker 2: you know the name Paddy Pimblet. He's a fan favorite, desirish. 294 00:13:30,640 --> 00:13:32,319 Speaker 2: He's one as about At the UFC three or four 295 00:13:32,360 --> 00:13:35,240 Speaker 2: and Manchester first round submission, he was an underdog. He 296 00:13:35,320 --> 00:13:38,680 Speaker 2: went in as an underdog, keeps him undefeated. Post the fight, 297 00:13:38,760 --> 00:13:40,640 Speaker 2: he said, people underestimate him because he looks like a 298 00:13:40,679 --> 00:13:43,360 Speaker 2: fourteen year old girl. And then there's his weight, because 299 00:13:43,360 --> 00:13:45,720 Speaker 2: he's well known for eating whatever he wants, gets fat 300 00:13:46,160 --> 00:13:49,199 Speaker 2: and then goes in sheds in camp. Anyway, reporter has 301 00:13:49,200 --> 00:13:52,440 Speaker 2: a question for him after the fight while he's eating pizza. 302 00:13:52,520 --> 00:13:54,360 Speaker 16: This is probably a stupid question because I can see 303 00:13:54,360 --> 00:13:55,960 Speaker 16: the pizza in front of you, But do you ever 304 00:13:56,000 --> 00:13:58,720 Speaker 16: miss the six pack when you flow up between fights. 305 00:13:58,800 --> 00:14:00,880 Speaker 14: I'm glad to be fat and after them rip them 306 00:14:00,960 --> 00:14:02,800 Speaker 14: like these people who are ripped all year around are 307 00:14:02,840 --> 00:14:03,680 Speaker 14: an uppy in my ass. 308 00:14:04,040 --> 00:14:05,120 Speaker 13: I don't care what they say. 309 00:14:05,440 --> 00:14:07,400 Speaker 17: Just six packs sound I look great? 310 00:14:07,640 --> 00:14:09,040 Speaker 14: Or I'd rather be fat and uppy love. 311 00:14:09,320 --> 00:14:10,000 Speaker 2: Isn't it interesting? 312 00:14:10,040 --> 00:14:10,199 Speaker 3: Though? 313 00:14:10,240 --> 00:14:12,200 Speaker 2: It's I think ultimately the best thing is to be 314 00:14:12,240 --> 00:14:14,600 Speaker 2: able to be fat and then have a six pack, 315 00:14:14,679 --> 00:14:17,520 Speaker 2: so you can be fat with a six pack. That's 316 00:14:17,520 --> 00:14:20,040 Speaker 2: a skill. AI are going to have to put the 317 00:14:20,040 --> 00:14:22,600 Speaker 2: hard questions to Madeline, who's our guest after six thirty. 318 00:14:22,640 --> 00:14:25,160 Speaker 2: They've come together with this group of people about how 319 00:14:25,200 --> 00:14:27,760 Speaker 2: we can improve our productivity in this country and boost 320 00:14:27,800 --> 00:14:30,440 Speaker 2: our GDP, and AI is going to do it. I 321 00:14:30,480 --> 00:14:31,920 Speaker 2: don't know how they do it. Do they just go 322 00:14:32,280 --> 00:14:35,520 Speaker 2: check GPT? How do I boost productivity for New Zealand 323 00:14:35,560 --> 00:14:36,840 Speaker 2: and it gives the answer. I don't know how this 324 00:14:36,920 --> 00:14:39,880 Speaker 2: works anyway more? AI questions for you? Or is this 325 00:14:39,960 --> 00:14:41,960 Speaker 2: more just you know, people sitting around coming up with 326 00:14:42,000 --> 00:14:45,480 Speaker 2: strange ideas about AI? Anyway more? After the news for. 327 00:14:45,400 --> 00:14:51,360 Speaker 1: You, big news, bold opinions, the my Asking, Breakfast with 328 00:14:51,640 --> 00:14:55,600 Speaker 1: a Vida, Retirement, communities, Life your Way, news, togs d B. 329 00:14:55,960 --> 00:14:57,840 Speaker 2: I don't know what's so difficult here. Every time we 330 00:14:57,880 --> 00:15:00,240 Speaker 2: go and hunt out a couple of television numbers from 331 00:15:00,280 --> 00:15:03,720 Speaker 2: the television networks particularly sky around something like the Olympics, 332 00:15:03,760 --> 00:15:05,720 Speaker 2: because i'mkind of keen as anyone watching the Olympics at 333 00:15:05,720 --> 00:15:07,960 Speaker 2: the moment, how interested are we? And the reason I 334 00:15:08,040 --> 00:15:09,760 Speaker 2: raise this is we've got numbers out of Australia and 335 00:15:09,760 --> 00:15:11,760 Speaker 2: what we find is that they always sort of I 336 00:15:11,760 --> 00:15:13,640 Speaker 2: don't know whether they do it deliberately or they don't 337 00:15:13,680 --> 00:15:15,560 Speaker 2: count the numbers, or they don't know how to count 338 00:15:15,560 --> 00:15:17,760 Speaker 2: the numbers. But whenever we go, oh, there's so many 339 00:15:17,800 --> 00:15:19,960 Speaker 2: channels and it's difficult to know whether it's on social 340 00:15:20,000 --> 00:15:23,080 Speaker 2: media or on anyway. We don't know how many people 341 00:15:23,120 --> 00:15:25,600 Speaker 2: are watching and listening to the Olympics in this country yet. 342 00:15:25,600 --> 00:15:28,760 Speaker 2: But in Australia it's massive. And I also that's my 343 00:15:28,800 --> 00:15:31,480 Speaker 2: next point. I can't work out is it massive because 344 00:15:31,480 --> 00:15:34,400 Speaker 2: it's the Olympics and therefore we'll see similar numbers here, 345 00:15:34,600 --> 00:15:36,720 Speaker 2: or is it massive because the Australians are actually doing 346 00:15:36,760 --> 00:15:41,320 Speaker 2: quite well. Half the country's been watching, half the country. 347 00:15:41,520 --> 00:15:44,040 Speaker 2: In fact, on the opening day the figure was so 348 00:15:44,160 --> 00:15:47,200 Speaker 2: a good night on Australian television is if you crack 349 00:15:47,280 --> 00:15:50,280 Speaker 2: a million, you've done extremely well. Remembering the population's twenty 350 00:15:50,280 --> 00:15:52,720 Speaker 2: six twenty seven million. If you crack a million. You've 351 00:15:52,760 --> 00:15:57,560 Speaker 2: done extremely well. Channel nine crack ten million people. I mean, 352 00:15:57,600 --> 00:15:59,440 Speaker 2: you can't argue with those numbers. We'll try our best 353 00:15:59,480 --> 00:16:00,920 Speaker 2: to get some numb for you here tomorrow and c 354 00:16:01,040 --> 00:16:03,720 Speaker 2: how we go twenty two minutes away from seven Speaking 355 00:16:03,760 --> 00:16:06,840 Speaker 2: of the Olympics, I think that sends off in terms 356 00:16:06,840 --> 00:16:08,800 Speaker 2: of the triathle and they had a practice today that 357 00:16:08,840 --> 00:16:10,920 Speaker 2: didn't go ahead because too many pools in the waters. 358 00:16:10,960 --> 00:16:13,320 Speaker 2: So we'll get to Catherine shortly and see what's going 359 00:16:13,360 --> 00:16:15,800 Speaker 2: on there. Meantime, back here, we've got a blueprint that 360 00:16:15,880 --> 00:16:18,400 Speaker 2: lays out this country's AI targets. This is from the 361 00:16:18,400 --> 00:16:20,400 Speaker 2: committee made up of you know, your Amazon's, your A 362 00:16:20,480 --> 00:16:22,920 Speaker 2: and Z Zero's whole bunch of others who think AI 363 00:16:22,960 --> 00:16:26,360 Speaker 2: can boost GDP and productivity. AI Forum New Zealand executive 364 00:16:26,400 --> 00:16:28,880 Speaker 2: director Madaline Newman is with us. Medlin, good morning to you, 365 00:16:30,440 --> 00:16:32,800 Speaker 2: Good morning. I'm just looking at your website. You've got 366 00:16:32,840 --> 00:16:35,320 Speaker 2: nine thousand people working for you. Everyone's on board. What's 367 00:16:35,360 --> 00:16:35,960 Speaker 2: going on there. 368 00:16:38,640 --> 00:16:41,440 Speaker 18: Actually, you don't have very many people working for us 369 00:16:41,440 --> 00:16:42,840 Speaker 18: at all, but we do have a lot of a 370 00:16:42,880 --> 00:16:45,520 Speaker 18: lot of members. So we've got made up of probably 371 00:16:45,560 --> 00:16:48,600 Speaker 18: about seven percent government, about seven percent academia and the 372 00:16:48,640 --> 00:16:53,720 Speaker 18: balancer businesses, so creators, implementers, advisors and users of technology. 373 00:16:54,040 --> 00:16:56,840 Speaker 2: How many people in the group sit there and go, 374 00:16:57,000 --> 00:16:59,320 Speaker 2: you know what, this might just be more hype than 375 00:16:59,360 --> 00:17:01,680 Speaker 2: it is real versus how many people in the group go, 376 00:17:01,840 --> 00:17:04,119 Speaker 2: this is going to take us to places we never imagined. 377 00:17:06,119 --> 00:17:08,560 Speaker 18: I think that you join AI for one, because of 378 00:17:08,600 --> 00:17:11,920 Speaker 18: the latter. You recognize the power and the potential power 379 00:17:11,920 --> 00:17:17,480 Speaker 18: of it to help New Zealand become a world leading 380 00:17:17,520 --> 00:17:20,840 Speaker 18: hub basically for responsible AI for the benefit of everyone, 381 00:17:21,040 --> 00:17:24,080 Speaker 18: and to help leak that productivity gap is. 382 00:17:24,000 --> 00:17:28,720 Speaker 2: The level of individuality with an AI for us to 383 00:17:28,960 --> 00:17:32,359 Speaker 2: be world leading in anything versus everyone to be world 384 00:17:32,400 --> 00:17:35,040 Speaker 2: leading because we all recognize the same advantages no matter 385 00:17:35,040 --> 00:17:36,040 Speaker 2: where in the world we are. 386 00:17:38,320 --> 00:17:43,000 Speaker 18: Well, we've got some really globally valuable strategic assets that 387 00:17:43,119 --> 00:17:46,280 Speaker 18: sit alongside. So people often think that, for example, that 388 00:17:46,359 --> 00:17:47,800 Speaker 18: New Zealand's a bit of a back quarter, and I 389 00:17:47,800 --> 00:17:50,280 Speaker 18: don't want people to think that from an AI perspective, 390 00:17:50,400 --> 00:17:52,399 Speaker 18: we are really good at this stuff. We have some 391 00:17:52,680 --> 00:17:57,080 Speaker 18: absolutely excellent research to developers in this country and we've 392 00:17:57,119 --> 00:18:02,000 Speaker 18: grown some amazing companies across a number of different sectors 393 00:18:02,920 --> 00:18:06,600 Speaker 18: as a result of that. Some of those things and 394 00:18:06,000 --> 00:18:09,280 Speaker 18: they're possibly a bit boring as tost people to think about. 395 00:18:09,320 --> 00:18:12,840 Speaker 18: But data. So we've got really nationally significant data sets 396 00:18:13,119 --> 00:18:17,480 Speaker 18: that are accurate, complete, reliable, relevant, timely that are super 397 00:18:17,560 --> 00:18:20,520 Speaker 18: valuable I mean later this morning, but personal that is 398 00:18:20,520 --> 00:18:25,720 Speaker 18: this morning. I'm going from mammogram. Now our mammogram test 399 00:18:25,760 --> 00:18:29,800 Speaker 18: results and pictures have been used to train or are 400 00:18:29,880 --> 00:18:34,880 Speaker 18: being used, sorry, to train artificial intelligence that can help 401 00:18:34,920 --> 00:18:38,639 Speaker 18: to take cancer empressed much earlier and much more effectively 402 00:18:39,320 --> 00:18:45,159 Speaker 18: help our esteeent radiongists to do their job better and faster. 403 00:18:45,520 --> 00:18:47,760 Speaker 2: That's now, that's a very good example. Can it do 404 00:18:47,920 --> 00:18:50,199 Speaker 2: that now? Or will it be able to do it? 405 00:18:50,320 --> 00:18:51,520 Speaker 2: Or it might be able to do it. 406 00:18:53,400 --> 00:18:55,639 Speaker 18: So there are working examples of both of those. So 407 00:18:56,320 --> 00:19:01,640 Speaker 18: Volpara is an organization out of New Zealand that recently 408 00:19:01,680 --> 00:19:03,840 Speaker 18: I think it's been it's been told but I can't 409 00:19:03,880 --> 00:19:07,760 Speaker 18: move it to home, which has done exactly that. There 410 00:19:07,800 --> 00:19:12,600 Speaker 18: is another one called Frontline Diagnostics again done that. It's 411 00:19:12,600 --> 00:19:14,160 Speaker 18: in clinical trials in the US. 412 00:19:14,200 --> 00:19:18,000 Speaker 2: Apparently do we know when this is going to hit us? 413 00:19:18,080 --> 00:19:20,760 Speaker 2: In a look at this, this is how materially different 414 00:19:20,760 --> 00:19:23,840 Speaker 2: it is or has it already. 415 00:19:24,880 --> 00:19:27,119 Speaker 18: I think for some people that already has, and for 416 00:19:27,280 --> 00:19:31,159 Speaker 18: others we're sort of staying well ourse key messages, get 417 00:19:31,240 --> 00:19:35,520 Speaker 18: on board and take the productivity gains that can it 418 00:19:35,600 --> 00:19:38,239 Speaker 18: can potentially give you. And I talk to a lot 419 00:19:38,280 --> 00:19:41,399 Speaker 18: of teachers, for example. Now, the average for somebody just 420 00:19:41,480 --> 00:19:43,800 Speaker 18: using Generator, the I, the usual tools that's sort of 421 00:19:43,800 --> 00:19:49,040 Speaker 18: freely available out there in a kind of way, the average, 422 00:19:49,280 --> 00:19:51,959 Speaker 18: according to Deloitte is something like five point four hours 423 00:19:52,000 --> 00:19:54,080 Speaker 18: a week. You can you can save in time. Else 424 00:19:54,160 --> 00:19:56,760 Speaker 18: we can give teachers back five hours a week. How 425 00:19:56,800 --> 00:19:59,440 Speaker 18: amazing is that? You know you spend that time building 426 00:19:59,440 --> 00:19:59,960 Speaker 18: a bitter human. 427 00:20:00,240 --> 00:20:02,760 Speaker 2: What's the vibe on bad actors and how this is 428 00:20:02,760 --> 00:20:05,680 Speaker 2: going to go wrong? In some sectors. 429 00:20:06,440 --> 00:20:10,600 Speaker 18: There are always bad actors, and our emphasis is on 430 00:20:11,200 --> 00:20:13,600 Speaker 18: the good actors. So if it's a fight between good 431 00:20:13,600 --> 00:20:18,800 Speaker 18: and evil, we want we obviously want more good actors 432 00:20:19,760 --> 00:20:22,600 Speaker 18: in New Zealand. We don't seem to have. There don't 433 00:20:22,640 --> 00:20:25,800 Speaker 18: seem to be terribly many homegrown bad actors, which is great. 434 00:20:25,840 --> 00:20:29,119 Speaker 18: But this is an international an international technology, so we 435 00:20:29,160 --> 00:20:30,920 Speaker 18: do need to be keenly aware of things for that. 436 00:20:31,400 --> 00:20:34,080 Speaker 2: Most interesting times go well, appreciate it. Very much, Medline Newman, 437 00:20:34,119 --> 00:20:36,840 Speaker 2: who is the AI Forum New Zealand executive director. It's 438 00:20:36,880 --> 00:20:39,560 Speaker 2: eighteen minutes away from seven. I don't have time to 439 00:20:39,600 --> 00:20:41,439 Speaker 2: give you the details, but in hours I'm going to 440 00:20:41,440 --> 00:20:42,959 Speaker 2: work it through. In an hour's time, going to work 441 00:20:42,960 --> 00:20:45,400 Speaker 2: it through with the Prime Minister from our You cannot 442 00:20:45,560 --> 00:20:49,479 Speaker 2: make this stuff up file thirty three million dollar Ministry 443 00:20:49,480 --> 00:20:52,600 Speaker 2: of Foreign Affairs and Trade cloud I T project nearly 444 00:20:52,640 --> 00:20:55,719 Speaker 2: tripled and cost since twenty twenty one, has been a 445 00:20:55,840 --> 00:21:00,240 Speaker 2: failure for all of its existence, and the wider ministry 446 00:21:00,359 --> 00:21:03,320 Speaker 2: was made aware of it before millions of dollars were misspent. 447 00:21:04,040 --> 00:21:06,720 Speaker 2: And it can be traced back to a moment where 448 00:21:06,760 --> 00:21:09,600 Speaker 2: somebody packed a sad and who was that person who 449 00:21:09,600 --> 00:21:14,640 Speaker 2: packed a sad? Miss j Adern and from doubt, from 450 00:21:14,680 --> 00:21:16,760 Speaker 2: there it went downhill. Anyway, you don't want to miss 451 00:21:16,760 --> 00:21:21,440 Speaker 2: the details because you can't make this stuff up. Seventeen 452 00:21:21,480 --> 00:21:21,760 Speaker 2: to two. 453 00:21:23,640 --> 00:21:25,200 Speaker 3: The Mike Costing Breakfast. 454 00:21:25,480 --> 00:21:27,120 Speaker 2: You raise a very good point on the text, Mike. 455 00:21:27,280 --> 00:21:30,919 Speaker 2: The challenge with AIS energy it uses heaps, so although 456 00:21:30,920 --> 00:21:32,960 Speaker 2: incredible in terms of what it can achieve, wonder how 457 00:21:32,960 --> 00:21:35,760 Speaker 2: this works for an already struggling country with energy costs Indeed, 458 00:21:35,800 --> 00:21:37,679 Speaker 2: by the time you do the evs and the data 459 00:21:37,720 --> 00:21:40,760 Speaker 2: centers and the crypto and the AI, you've got a 460 00:21:40,760 --> 00:21:44,119 Speaker 2: classic example of theory meeting reality. The theory is what 461 00:21:44,200 --> 00:21:46,760 Speaker 2: we might be able to do. The reality is we 462 00:21:46,840 --> 00:21:47,520 Speaker 2: don't have the power. 463 00:21:47,680 --> 00:21:52,080 Speaker 15: Fourteen to two International Correspondence with ends in eye Insurance 464 00:21:52,240 --> 00:21:55,720 Speaker 15: Peace of mind for New Zealand Business mart Captainfield. 465 00:21:55,080 --> 00:21:55,480 Speaker 9: How are you? 466 00:21:56,680 --> 00:21:58,720 Speaker 19: I'm good, Thank you, Mike, thank you for asking. 467 00:21:58,880 --> 00:22:01,240 Speaker 2: Not at all? Reassure me that are the phones working? 468 00:22:01,359 --> 00:22:03,280 Speaker 2: Are the trains going? Have you fixed at all? 469 00:22:04,880 --> 00:22:06,320 Speaker 19: They say it is all fixed. 470 00:22:06,400 --> 00:22:06,600 Speaker 16: Yes. 471 00:22:06,720 --> 00:22:10,880 Speaker 19: These two acts of sabotage, one the major one last Friday, 472 00:22:11,119 --> 00:22:14,560 Speaker 19: just before the opening ceremony of the Olympic Games. That 473 00:22:14,880 --> 00:22:19,080 Speaker 19: was the one that really got them got concern because 474 00:22:19,920 --> 00:22:23,719 Speaker 19: at the moment the authorities are leaning towards far left extremers. 475 00:22:23,720 --> 00:22:27,159 Speaker 19: Who carried out the sabotage. They knocked out three of 476 00:22:27,280 --> 00:22:31,040 Speaker 19: the main high speed train links to Paris, one to 477 00:22:31,119 --> 00:22:33,720 Speaker 19: the west, the east, one to the north, and was 478 00:22:33,720 --> 00:22:36,879 Speaker 19: only by luck that they managed to foil the one 479 00:22:36,960 --> 00:22:39,760 Speaker 19: the attack that was planned against the one to the south. 480 00:22:40,000 --> 00:22:42,359 Speaker 19: So they do say that the trains are up and 481 00:22:42,400 --> 00:22:45,639 Speaker 19: running again. Some eight hundred thousand people had their holiday 482 00:22:45,760 --> 00:22:50,800 Speaker 19: departure times completely messed up, but they are saying that 483 00:22:50,880 --> 00:22:53,760 Speaker 19: it looks as though it could be someone in the 484 00:22:53,880 --> 00:22:57,480 Speaker 19: ultra left. And then, of course Monday mornings news was 485 00:22:57,560 --> 00:23:01,600 Speaker 19: that there was vandalism on the fiber optic cables in 486 00:23:01,680 --> 00:23:04,360 Speaker 19: the network in the south of the country across four 487 00:23:04,440 --> 00:23:08,400 Speaker 19: or five different regions. So no one yet might linking 488 00:23:08,480 --> 00:23:12,600 Speaker 19: that vandalism to the between the telecoms and the trains, 489 00:23:12,600 --> 00:23:15,240 Speaker 19: but certainly it's a concern when being told to look 490 00:23:15,280 --> 00:23:17,800 Speaker 19: out for terrorism here in Paris and all this is 491 00:23:17,800 --> 00:23:18,680 Speaker 19: happening outside. 492 00:23:18,920 --> 00:23:20,760 Speaker 2: Last Supper was touch and go. I think there was 493 00:23:20,800 --> 00:23:22,680 Speaker 2: always going to be a bit touch and go. But overall, 494 00:23:22,680 --> 00:23:25,080 Speaker 2: what's the vibe of that that I think Sire did. 495 00:23:24,920 --> 00:23:25,920 Speaker 2: Did the locals love it? 496 00:23:26,920 --> 00:23:29,320 Speaker 19: Love it? Eighty five percent of French people thought it 497 00:23:29,320 --> 00:23:31,120 Speaker 19: was a great success, thought it was a great way 498 00:23:31,160 --> 00:23:35,360 Speaker 19: to show the world about French history, art culture. And 499 00:23:35,600 --> 00:23:38,919 Speaker 19: there was a bit of grumbling that the Olympic organizers 500 00:23:39,359 --> 00:23:42,560 Speaker 19: apologized to the church because of course they're the bishops 501 00:23:42,560 --> 00:23:46,480 Speaker 19: here in France and also in Italy complained they reckon 502 00:23:46,520 --> 00:23:50,320 Speaker 19: that that Last Supper was actually a sycology but in fact, 503 00:23:50,400 --> 00:23:54,280 Speaker 19: the choreographer came up yesterday, in fact on television, said 504 00:23:54,520 --> 00:23:56,800 Speaker 19: it had nothing to do with the Laspa. It represented 505 00:23:56,840 --> 00:23:59,960 Speaker 19: Greek gods in ancient Greece, the home of the Olympi, 506 00:24:00,320 --> 00:24:03,359 Speaker 19: and them having their religious festival, nothing to do with 507 00:24:03,400 --> 00:24:04,040 Speaker 19: the Last Supper. 508 00:24:04,080 --> 00:24:04,480 Speaker 3: He said. 509 00:24:04,840 --> 00:24:07,520 Speaker 2: Okay, now the Sin doesn't look good and the forecast 510 00:24:07,560 --> 00:24:09,080 Speaker 2: doesn't look good to either. What are they going to do? 511 00:24:11,160 --> 00:24:14,760 Speaker 19: Oh, they're playing this hour by hour might Yes, they've 512 00:24:14,800 --> 00:24:19,560 Speaker 19: had to cancel those familiarization dips into the sand for 513 00:24:19,600 --> 00:24:22,960 Speaker 19: the triathletes. Had to cancel it Sunday, had to cancel 514 00:24:23,040 --> 00:24:26,680 Speaker 19: it Monday. The latest we've heard is that the coal 515 00:24:26,800 --> 00:24:31,040 Speaker 19: i is between three and five times above the acceptable level. 516 00:24:31,960 --> 00:24:36,720 Speaker 19: The big question mark really is you did everything go 517 00:24:36,840 --> 00:24:40,080 Speaker 19: according to playing? Okay, Yes, they couldn't predict that there 518 00:24:40,160 --> 00:24:42,399 Speaker 19: was going to be so much rain during the opening ceremony, 519 00:24:42,960 --> 00:24:47,200 Speaker 19: But they say one of the biggest money wastages came 520 00:24:47,240 --> 00:24:50,040 Speaker 19: actually with that reservoir that they built at the end 521 00:24:50,080 --> 00:24:53,520 Speaker 19: of the Sin going out of Paris, where all of 522 00:24:53,560 --> 00:24:55,480 Speaker 19: the sewage was meant to go, and it was meant 523 00:24:55,480 --> 00:24:57,680 Speaker 19: to go in there and not into the river. They 524 00:24:57,680 --> 00:24:59,640 Speaker 19: say that was just a waste of money, just too 525 00:24:59,720 --> 00:25:02,560 Speaker 19: many pipes connected up, too much could have gone wrong, 526 00:25:03,280 --> 00:25:06,040 Speaker 19: And in fact, the plumbing of homes and Paris should 527 00:25:06,040 --> 00:25:08,600 Speaker 19: have been dealt with decades ago, and not just a 528 00:25:08,600 --> 00:25:11,400 Speaker 19: couple of years ago as the Olympics was approaching. 529 00:25:11,560 --> 00:25:13,960 Speaker 2: Okay, this business of the rain. Is it unusual to 530 00:25:14,119 --> 00:25:16,800 Speaker 2: rain this much in Paris in the latter part of July? 531 00:25:17,920 --> 00:25:19,680 Speaker 2: It is, yeah, really unusual. 532 00:25:19,640 --> 00:25:21,840 Speaker 19: I haven't had this sort of heavy rain for at 533 00:25:21,920 --> 00:25:22,960 Speaker 19: least twenty years. 534 00:25:23,200 --> 00:25:24,680 Speaker 9: The reason the locals. 535 00:25:24,280 --> 00:25:27,359 Speaker 19: Aren't complaining, Mike, is because we've had so many drums lately, 536 00:25:27,440 --> 00:25:30,480 Speaker 19: the climate change. We've had that, so the locals think 537 00:25:30,480 --> 00:25:33,240 Speaker 19: it's great, you know, yes, let it rain, because then 538 00:25:33,480 --> 00:25:35,720 Speaker 19: the rain stops and we get the temperatures that we've 539 00:25:35,800 --> 00:25:39,439 Speaker 19: now got for today and tomorrow, which is about thirty 540 00:25:39,440 --> 00:25:42,440 Speaker 19: five degrees. It's great heat waves. So if the rains come, 541 00:25:42,640 --> 00:25:44,760 Speaker 19: then enjoy it, because the heat will come after it. 542 00:25:44,920 --> 00:25:46,760 Speaker 2: What as a pleasure, Catherine, go, well, we'll catch up 543 00:25:46,960 --> 00:25:49,360 Speaker 2: next week. Catherinfield and France. My daughter has been literally 544 00:25:49,359 --> 00:25:51,000 Speaker 2: at the moment she said, was twenty five the other day. 545 00:25:51,000 --> 00:25:52,840 Speaker 2: It doesn't seem to be the sort of the summer 546 00:25:52,880 --> 00:25:55,800 Speaker 2: the last couple of summers we've experienced in Europe, those 547 00:25:55,920 --> 00:25:58,720 Speaker 2: high thirties, early forties, and the stories of elderly people 548 00:25:58,760 --> 00:26:00,520 Speaker 2: dying and stuff. It seems to be a wet and 549 00:26:00,680 --> 00:26:02,520 Speaker 2: coolish sort of summer. If you watch the f one 550 00:26:02,520 --> 00:26:05,760 Speaker 2: in Belgium. Got a son in London, he says, it's 551 00:26:05,760 --> 00:26:07,720 Speaker 2: permanently raining and cold in that part of the world 552 00:26:07,760 --> 00:26:09,200 Speaker 2: at the moment. So Europe seems to be having a 553 00:26:09,280 --> 00:26:11,879 Speaker 2: very mild, i not wet summer. Night Away from seven 554 00:26:12,560 --> 00:26:12,840 Speaker 2: on the. 555 00:26:12,960 --> 00:26:17,399 Speaker 1: Cost Geel Breakfast with Alveda Retirement Communities News togs. 556 00:26:17,119 --> 00:26:19,040 Speaker 2: Had been like the French obtained to the whole affair 557 00:26:19,080 --> 00:26:21,639 Speaker 2: with ideological idiocy. There's an element of truth to that, 558 00:26:21,680 --> 00:26:24,920 Speaker 2: because I'm reading a report this morning out of Australia. 559 00:26:25,160 --> 00:26:28,240 Speaker 2: The Olympic village is turning into a major, major problem 560 00:26:28,280 --> 00:26:30,920 Speaker 2: the vegan diets. There's a lot of vegan in there, 561 00:26:30,920 --> 00:26:32,879 Speaker 2: and a lot of athletes don't actually like vegan or 562 00:26:32,920 --> 00:26:37,760 Speaker 2: indeed want vegan, or as far as your dietary requirements 563 00:26:37,760 --> 00:26:41,960 Speaker 2: are concerned, their body needs something more than that. There 564 00:26:42,000 --> 00:26:44,639 Speaker 2: a lot of green washing going on, so there's a 565 00:26:44,640 --> 00:26:47,199 Speaker 2: lot of complaints not only about the food but the 566 00:26:47,240 --> 00:26:50,119 Speaker 2: cardboard beds and the transport that doesn't get them to 567 00:26:50,119 --> 00:26:52,680 Speaker 2: where they want to go. Australia's brought their own air 568 00:26:52,680 --> 00:26:56,000 Speaker 2: conditioning units, brought their own chefs and barristas Cocoa Goff 569 00:26:56,000 --> 00:26:58,560 Speaker 2: and her fellow Tennis's they checked out and went into 570 00:26:58,600 --> 00:27:01,760 Speaker 2: a hotel for a regular fud widely reported to be 571 00:27:01,800 --> 00:27:03,840 Speaker 2: dominated by the vegan diet. And if you're not vegan, 572 00:27:03,880 --> 00:27:06,159 Speaker 2: you're not interested. By the way, speaking of not interested, 573 00:27:06,160 --> 00:27:07,919 Speaker 2: I haven't given you much time on Biden today and 574 00:27:07,920 --> 00:27:11,120 Speaker 2: his ophed piece about reforming the This is a sad end, 575 00:27:11,160 --> 00:27:13,240 Speaker 2: it really is. What he's going to do now is 576 00:27:13,280 --> 00:27:17,440 Speaker 2: basically write op ed pieces and thought bubbles about things 577 00:27:17,440 --> 00:27:18,800 Speaker 2: he wants to do. And one of the things he 578 00:27:18,840 --> 00:27:20,679 Speaker 2: alluded to the other day was, of course, reformed the 579 00:27:20,680 --> 00:27:23,320 Speaker 2: Supreme Court. So obviously the first question to ask is 580 00:27:23,600 --> 00:27:28,400 Speaker 2: how does one reform the Supreme Court? And the answer 581 00:27:28,440 --> 00:27:30,280 Speaker 2: is before you get to any ideas as to how 582 00:27:30,320 --> 00:27:32,480 Speaker 2: he may or may not do it. Three of which 583 00:27:32,480 --> 00:27:35,640 Speaker 2: he's put forward today is would you require the support 584 00:27:35,720 --> 00:27:38,600 Speaker 2: of quite a lot of people in the Congress, And 585 00:27:38,680 --> 00:27:42,640 Speaker 2: the answer is yes, you would. Indeed, you would require 586 00:27:43,000 --> 00:27:46,920 Speaker 2: a two thirds majority next question, what do you think 587 00:27:46,960 --> 00:27:51,200 Speaker 2: the chances of Biden getting a two thirds majority? That's right, zero, 588 00:27:51,960 --> 00:27:53,399 Speaker 2: end of story. Five to seven. 589 00:27:54,840 --> 00:27:57,600 Speaker 3: The ins and the outs, it's the biz. 590 00:27:57,800 --> 00:28:00,840 Speaker 1: With business fiber, take your business from activity to the 591 00:28:00,920 --> 00:28:01,760 Speaker 1: next level. 592 00:28:01,920 --> 00:28:04,960 Speaker 2: I told you about Lamborghini and their record sales. I 593 00:28:05,000 --> 00:28:06,639 Speaker 2: can tell you about McDonald's and they're not doing so 594 00:28:06,680 --> 00:28:08,920 Speaker 2: well at all. This is globally. Second quarter runings missed 595 00:28:08,960 --> 00:28:11,320 Speaker 2: all marks. This morning, they had a Q two income 596 00:28:11,359 --> 00:28:14,760 Speaker 2: of three point four billion dollars, down from three point nine. 597 00:28:15,200 --> 00:28:18,160 Speaker 2: Same store sales and every single division were also down 598 00:28:18,200 --> 00:28:20,840 Speaker 2: a one percent instead of the zero point four percent 599 00:28:20,880 --> 00:28:23,040 Speaker 2: growth they thought they were going to get. First time 600 00:28:23,040 --> 00:28:26,240 Speaker 2: sales have fallen since COVID. You maybe think one percent 601 00:28:26,240 --> 00:28:28,159 Speaker 2: is that a big deal? Well, it is because it 602 00:28:28,160 --> 00:28:30,280 Speaker 2: compares with a ten point three percent increase in same 603 00:28:30,280 --> 00:28:33,159 Speaker 2: store sales this time last year. So what's going on? 604 00:28:33,240 --> 00:28:36,359 Speaker 2: Too expensive and protesters. They got protesters and it's too expensive. 605 00:28:36,400 --> 00:28:38,040 Speaker 2: Average price of a big Mac in the States now 606 00:28:38,080 --> 00:28:40,520 Speaker 2: is nine dollars in New Zealand, which is up twenty 607 00:28:40,520 --> 00:28:43,560 Speaker 2: one percent since twenty nineteen. That's inflation for you. The 608 00:28:43,640 --> 00:28:45,720 Speaker 2: layers made to serve on the US showed sixty percent 609 00:28:45,720 --> 00:28:47,480 Speaker 2: of people are cutting back on how much they spend 610 00:28:47,480 --> 00:28:50,560 Speaker 2: on fast food, so it's no wonder compeople are complaining 611 00:28:50,560 --> 00:28:52,680 Speaker 2: about a nine dollar big Mac. They also lost money 612 00:28:52,680 --> 00:28:56,240 Speaker 2: because people protesting in their franchises in Israel, so the 613 00:28:56,320 --> 00:28:59,000 Speaker 2: executives are now looking at ways to lower the price 614 00:28:59,000 --> 00:29:02,040 Speaker 2: of their products and to try and get back into profit. 615 00:29:02,120 --> 00:29:05,479 Speaker 2: Four Q three and we can only I recommend they 616 00:29:05,520 --> 00:29:08,120 Speaker 2: bring back that port thing. Was that pork sandwich thing 617 00:29:08,160 --> 00:29:09,840 Speaker 2: they did for a while many years ago. They did 618 00:29:09,840 --> 00:29:13,680 Speaker 2: a pork sandwich, Yeah, pork rib sandwich. That was one 619 00:29:13,680 --> 00:29:16,240 Speaker 2: of those we'll bring it in and toy with you 620 00:29:16,320 --> 00:29:17,920 Speaker 2: and then take it away and then bring it back 621 00:29:17,960 --> 00:29:19,320 Speaker 2: and take it away. And you know, one of those 622 00:29:19,320 --> 00:29:22,040 Speaker 2: things I reckon the other winners. I mean I never 623 00:29:22,120 --> 00:29:24,160 Speaker 2: had one, but I was told that they were quite good. 624 00:29:24,600 --> 00:29:31,440 Speaker 2: And no, exactly never I hate pork. But anyway, apparently, 625 00:29:31,800 --> 00:29:34,400 Speaker 2: you know, people thought it was the go to. Anyway, guns, 626 00:29:34,480 --> 00:29:36,520 Speaker 2: let's talk about guns after the news, shall we? 627 00:29:38,040 --> 00:29:41,080 Speaker 1: Demanding the answers from the decision makers. 628 00:29:41,440 --> 00:29:42,800 Speaker 3: The mic Hosking. 629 00:29:42,440 --> 00:29:46,360 Speaker 1: Breakfast with Jaguar The Art of Performance News TOG said 630 00:29:46,360 --> 00:29:46,880 Speaker 1: b in. 631 00:29:46,880 --> 00:29:50,560 Speaker 2: The quarter finals and the sevens twelve five. As we 632 00:29:50,560 --> 00:29:52,880 Speaker 2: we got the conversion doesn't really matter twelve fourteen five 633 00:29:52,920 --> 00:29:54,520 Speaker 2: one or the other. We're beating China at the moment. 634 00:29:54,560 --> 00:29:58,040 Speaker 2: The Justice Select Committee believes police may have too much 635 00:29:58,040 --> 00:30:00,840 Speaker 2: power when it comes to warrantless searchers. So several changes 636 00:30:00,880 --> 00:30:03,720 Speaker 2: have been recommended to soften the Firearms Prohibition Amendment Bill. 637 00:30:04,040 --> 00:30:06,200 Speaker 2: So where does this lead the government's crack down on gangs? 638 00:30:06,240 --> 00:30:08,959 Speaker 2: For example, the Police Association president Chris Carr Hill's back. Well, 639 00:30:08,960 --> 00:30:10,200 Speaker 2: this is Chris, very good morning to you. 640 00:30:10,880 --> 00:30:11,320 Speaker 12: Good morning. 641 00:30:11,520 --> 00:30:13,200 Speaker 2: If this goes through, does it make your life harder 642 00:30:13,240 --> 00:30:14,640 Speaker 2: if you can't search where you want to search? 643 00:30:15,840 --> 00:30:20,080 Speaker 20: Now, look, when the firearms prohibition orders were boorded by labor, 644 00:30:20,160 --> 00:30:22,240 Speaker 20: they had no search pairs at all, and that was 645 00:30:22,240 --> 00:30:25,880 Speaker 20: always we said that toothlus without it. So national change 646 00:30:25,880 --> 00:30:28,320 Speaker 20: that or this government change that said that we're going 647 00:30:28,360 --> 00:30:31,480 Speaker 20: to have search pairs. They probably pushed their luck going 648 00:30:31,520 --> 00:30:34,479 Speaker 20: that you could use it with suspect rather than believe. 649 00:30:34,880 --> 00:30:37,480 Speaker 20: You know, that's a subtle thing to some, but when 650 00:30:37,480 --> 00:30:40,600 Speaker 20: you're actually excising that pair, having the belief throw and 651 00:30:40,680 --> 00:30:44,160 Speaker 20: just suspicion is important. And then just limiting exactly where 652 00:30:44,200 --> 00:30:46,280 Speaker 20: you can search us is probably fair enough. You've got 653 00:30:46,320 --> 00:30:49,560 Speaker 20: to get the mixed right when you're using coersive pairs. 654 00:30:49,600 --> 00:30:51,640 Speaker 20: So I think we can still do a job pretty well. 655 00:30:51,680 --> 00:30:52,600 Speaker 20: That's what they've come up with. 656 00:30:52,840 --> 00:30:55,920 Speaker 2: So you would back yourself to in whatever circumstance you 657 00:30:56,080 --> 00:30:59,080 Speaker 2: need to go and search for something, you will be 658 00:30:59,120 --> 00:31:00,520 Speaker 2: able to have the law that backs. 659 00:31:00,320 --> 00:31:01,000 Speaker 3: You up to do it. 660 00:31:01,840 --> 00:31:04,239 Speaker 20: As long as you believe the person you're dealing with 661 00:31:04,360 --> 00:31:07,520 Speaker 20: has a firearms prohibition order now and the majority of 662 00:31:07,560 --> 00:31:10,720 Speaker 20: the times you're going to know you can do a 663 00:31:10,760 --> 00:31:14,760 Speaker 20: computer check straight away. But if you don't, the person 664 00:31:14,800 --> 00:31:17,240 Speaker 20: gives you a false name and you think I believe 665 00:31:17,280 --> 00:31:19,320 Speaker 20: your line and I think I know who you really are, 666 00:31:19,760 --> 00:31:22,080 Speaker 20: you can still use it. But if you're just suspicious 667 00:31:22,120 --> 00:31:24,440 Speaker 20: that he is, you could And I think that's your 668 00:31:24,480 --> 00:31:26,560 Speaker 20: next when you're using pass like this. 669 00:31:26,760 --> 00:31:28,560 Speaker 2: Okay, is this? I read some of the stuff that 670 00:31:28,600 --> 00:31:32,480 Speaker 2: the committee's looking at. The committee to a point seems 671 00:31:32,480 --> 00:31:34,400 Speaker 2: to have wandered into the weeds, and they've got a 672 00:31:34,400 --> 00:31:36,840 Speaker 2: lot of red tape coming and you're second guessing everything 673 00:31:36,880 --> 00:31:38,280 Speaker 2: and you might be able to do this, but then 674 00:31:38,320 --> 00:31:40,400 Speaker 2: you can't do that, And what if you're over there 675 00:31:40,440 --> 00:31:42,680 Speaker 2: but not over here. Is it got that about it 676 00:31:42,800 --> 00:31:43,000 Speaker 2: or not? 677 00:31:44,080 --> 00:31:46,160 Speaker 20: It has a little bit. But I think the challenge 678 00:31:46,200 --> 00:31:48,280 Speaker 20: they've got is they know the courts are going to 679 00:31:48,280 --> 00:31:50,800 Speaker 20: scrutinize this really closely. The Bill of Rights is going 680 00:31:50,800 --> 00:31:52,760 Speaker 20: to come into play, so I think they're trying to 681 00:31:52,760 --> 00:31:55,320 Speaker 20: get that mix right. And but what police have always learned, 682 00:31:55,320 --> 00:31:57,120 Speaker 20: you can pass whatever all you like. In the end, 683 00:31:57,120 --> 00:31:59,360 Speaker 20: it's how the courts entern but it so these are 684 00:31:59,400 --> 00:32:01,400 Speaker 20: things that are going to heavily challenged in the court, 685 00:32:01,440 --> 00:32:03,800 Speaker 20: probably all the way to the Supreme Court. So we'll 686 00:32:03,800 --> 00:32:06,040 Speaker 20: just have to see how that unfolds. But I think 687 00:32:06,080 --> 00:32:08,320 Speaker 20: they've got the mix right on paper, and then we'll 688 00:32:08,360 --> 00:32:10,160 Speaker 20: just have to see how the theory works. But it's 689 00:32:10,160 --> 00:32:13,440 Speaker 20: certainly better than what we had with no search pairs whatsoever. 690 00:32:13,560 --> 00:32:15,360 Speaker 2: Okay, you got to be on Andrew Costa. Moving on. 691 00:32:17,120 --> 00:32:21,760 Speaker 20: Oh look, I think nothing against Andrew, but I think 692 00:32:21,800 --> 00:32:24,360 Speaker 20: time for a change. You know. I think we've got 693 00:32:24,360 --> 00:32:26,240 Speaker 20: a new government with a different focus, and I think 694 00:32:26,280 --> 00:32:29,240 Speaker 20: they probably want to see someone different there. I think 695 00:32:29,240 --> 00:32:31,560 Speaker 20: everyone really for a bit of a change for five years. 696 00:32:31,680 --> 00:32:33,120 Speaker 2: Good on, hYP nice to talk to you, appreciate it 697 00:32:33,240 --> 00:32:35,000 Speaker 2: very much. And it was sort of my view yesterday wasn't 698 00:32:35,040 --> 00:32:38,040 Speaker 2: it was a nice enough guy. But Chris Carhill of 699 00:32:38,080 --> 00:32:41,280 Speaker 2: the Police Association. Ten minutes past seven skip back to 700 00:32:41,320 --> 00:32:43,640 Speaker 2: the hospital industry where we discovered that despite and we 701 00:32:43,720 --> 00:32:45,720 Speaker 2: spent a bit of time on this yesterday, we discovered 702 00:32:45,720 --> 00:32:47,880 Speaker 2: that despite the narrative that things are dreadful are the 703 00:32:47,920 --> 00:32:50,080 Speaker 2: numbers actually tell a different story. We are seeing the 704 00:32:50,120 --> 00:32:53,200 Speaker 2: industry breaking over fifteen billion dollars, which is growth of 705 00:32:53,280 --> 00:32:55,920 Speaker 2: five point eight percent. That's nationally places like Queen Stanle 706 00:32:55,960 --> 00:32:59,160 Speaker 2: and Time, and from feedback, First Table seems to be 707 00:32:59,200 --> 00:33:02,160 Speaker 2: as popular as ever. First Table's local invention basically half 708 00:33:02,200 --> 00:33:04,680 Speaker 2: price or special deals when dining it off Pick Times anyway, 709 00:33:04,680 --> 00:33:06,400 Speaker 2: The founder and CEO, Matt Wi is with us on 710 00:33:06,440 --> 00:33:07,320 Speaker 2: this Matt Morning to you. 711 00:33:08,280 --> 00:33:09,960 Speaker 16: Good morning, Mike, thanks for having me on the show 712 00:33:09,960 --> 00:33:10,320 Speaker 16: this morning. 713 00:33:10,400 --> 00:33:12,160 Speaker 2: Not at all ten years and booming is that a 714 00:33:12,160 --> 00:33:12,800 Speaker 2: fair description? 715 00:33:14,160 --> 00:33:17,320 Speaker 16: Yeah, ten years. It's been a long journey, but yeah, 716 00:33:17,360 --> 00:33:20,120 Speaker 16: things for tracking well over a million accounts. 717 00:33:20,160 --> 00:33:22,480 Speaker 2: What does that mean? Half a million accounts. It's half 718 00:33:22,480 --> 00:33:26,520 Speaker 2: a million New Zealanders who have an account, open and 719 00:33:26,680 --> 00:33:27,000 Speaker 2: use it. 720 00:33:28,080 --> 00:33:30,280 Speaker 16: That's right. That's over half a million people who have 721 00:33:30,320 --> 00:33:32,320 Speaker 16: signed up on the website or the app over the 722 00:33:32,400 --> 00:33:33,440 Speaker 16: last ten years, and. 723 00:33:33,400 --> 00:33:35,000 Speaker 2: Are they one offs or regulars or what? 724 00:33:37,040 --> 00:33:39,320 Speaker 16: A lot of them are one offs, but then there 725 00:33:39,360 --> 00:33:41,520 Speaker 16: are certainly people that are using the platform on a 726 00:33:41,560 --> 00:33:46,320 Speaker 16: regular basis. There are customers that are monthly using First Table. 727 00:33:46,600 --> 00:33:49,400 Speaker 2: What's your read on the I mean, the reason I'm 728 00:33:49,400 --> 00:33:51,880 Speaker 2: interested is because we have this picture at the moment 729 00:33:51,880 --> 00:33:55,479 Speaker 2: where everything is absolutely miserable, and yet when you actually 730 00:33:55,520 --> 00:33:57,800 Speaker 2: look at the stats, the money's up, the number of 731 00:33:57,840 --> 00:34:01,040 Speaker 2: people are up, the number of outlets up. What's going on? 732 00:34:02,440 --> 00:34:05,280 Speaker 16: Well, I think that's I think some restaurants are experienced 733 00:34:05,280 --> 00:34:07,680 Speaker 16: in chart challenges right, and some are doing well. So 734 00:34:08,960 --> 00:34:12,239 Speaker 16: it's not just a plain story of everyone's having a 735 00:34:12,239 --> 00:34:15,000 Speaker 16: hard time at the moment. So it's something that we're 736 00:34:15,080 --> 00:34:19,240 Speaker 16: very much aware of and we're very very much focused 737 00:34:19,239 --> 00:34:21,640 Speaker 16: on helping restaurants solve a small part of their problems. 738 00:34:21,840 --> 00:34:24,520 Speaker 2: And so are people. Is there still an awareness thing 739 00:34:24,520 --> 00:34:27,040 Speaker 2: around this or is everybody know? And if you know, 740 00:34:27,200 --> 00:34:27,759 Speaker 2: you use it? 741 00:34:29,280 --> 00:34:31,480 Speaker 16: So First Table. I mean, as we said, there's five 742 00:34:31,520 --> 00:34:35,200 Speaker 16: hundred thousand people who have created an account, but we're 743 00:34:35,280 --> 00:34:36,880 Speaker 16: doing it. We're doing a lot in sales and marketing 744 00:34:36,880 --> 00:34:38,279 Speaker 16: at the moment, So we're bringing on a lot more 745 00:34:38,280 --> 00:34:41,839 Speaker 16: restaurants and a lot more diners. And also the word 746 00:34:41,840 --> 00:34:45,600 Speaker 16: of mouth element is one of our strongest referral channels. 747 00:34:45,600 --> 00:34:49,080 Speaker 16: So people are definitely talking about First Table at the moment. 748 00:34:49,200 --> 00:34:50,800 Speaker 2: Good stuff. Nice to talk to you, Matt. Appreciate it 749 00:34:50,840 --> 00:34:52,720 Speaker 2: and go well with it. Matt Weia whose First Table 750 00:34:52,760 --> 00:34:55,960 Speaker 2: founder and CEO. And I'm just looking through the argiest 751 00:34:55,960 --> 00:34:58,040 Speaker 2: places in christ You're strawbly fair in christ WI. You 752 00:34:58,040 --> 00:34:59,120 Speaker 2: count beat that if you can get that for the 753 00:34:59,200 --> 00:35:05,640 Speaker 2: high price. You're laughing the bunker, fantastic Queenstown. How for us? 754 00:35:05,640 --> 00:35:09,000 Speaker 2: Not bad going? It's thirteen minutes past seven. Speaking of 755 00:35:09,000 --> 00:35:12,279 Speaker 2: functions and money this business. Cape McNamara strikes again in 756 00:35:12,320 --> 00:35:15,000 Speaker 2: the Herald Well done her film Commission. There's something not 757 00:35:15,120 --> 00:35:18,360 Speaker 2: right with the public service. You've got to be of 758 00:35:18,400 --> 00:35:20,839 Speaker 2: a certain ilk to work in the public service, and 759 00:35:20,960 --> 00:35:23,280 Speaker 2: so many people have been laid off. Thousands and thousands 760 00:35:23,320 --> 00:35:25,319 Speaker 2: of people have been laid off. Meantime at the New 761 00:35:25,360 --> 00:35:28,200 Speaker 2: Zealand Film Commission, a couple of parties. It's party time 762 00:35:28,239 --> 00:35:30,880 Speaker 2: at the Film Commission sixteen four hundred and thirty one 763 00:35:30,920 --> 00:35:33,319 Speaker 2: dollars worth of parties, two parties eight thousand dollars a 764 00:35:33,360 --> 00:35:36,720 Speaker 2: party eight thousand, two hundred dollars A party incoming. CEO 765 00:35:36,800 --> 00:35:39,359 Speaker 2: Annie Murray needed a party eighty six hundred and twenty 766 00:35:39,400 --> 00:35:41,640 Speaker 2: seven dollars for her party. There was a person leaving. 767 00:35:41,640 --> 00:35:44,160 Speaker 2: I'm not against a person leaving, especially a long serving, 768 00:35:44,200 --> 00:35:46,319 Speaker 2: well respected person leaving. You have a party. Nothing wrong 769 00:35:46,320 --> 00:35:49,239 Speaker 2: with that, I get it. Venue Higher. But she had 770 00:35:49,239 --> 00:35:51,200 Speaker 2: two parties. She had won in Auckland one and Wellington. 771 00:35:51,600 --> 00:35:53,439 Speaker 2: You just go around the country when I leave here. 772 00:35:54,360 --> 00:35:55,640 Speaker 2: I well, first of all, I'm not going to have 773 00:35:55,680 --> 00:35:56,640 Speaker 2: a party as a hate party. 774 00:35:56,680 --> 00:35:57,480 Speaker 21: Oh I will have a party. 775 00:35:57,600 --> 00:35:59,440 Speaker 2: You have a party, You have a party. You just 776 00:35:59,480 --> 00:36:02,239 Speaker 2: won't be there exactly. They'll be celebrating me leaving. But 777 00:36:02,440 --> 00:36:05,560 Speaker 2: having said that, you won't be all over the country. 778 00:36:05,840 --> 00:36:08,520 Speaker 2: And this is where the public service go dreadfully wrong. 779 00:36:08,600 --> 00:36:13,680 Speaker 2: Venue hire chef can I can almost say categorically that 780 00:36:13,719 --> 00:36:14,839 Speaker 2: we don't do chefs here. 781 00:36:15,200 --> 00:36:17,319 Speaker 21: Well, when you leave, will it not be like you 782 00:36:17,320 --> 00:36:19,000 Speaker 21: know that time when we won the America's carp and 783 00:36:19,040 --> 00:36:22,160 Speaker 21: then they had like parades in different towns in New Zealand. 784 00:36:22,280 --> 00:36:25,120 Speaker 2: And you know, modesty prevents me from talking about those 785 00:36:25,120 --> 00:36:27,560 Speaker 2: details at this particular point in time, but not far wrong. 786 00:36:27,600 --> 00:36:30,840 Speaker 2: Glenn Staff costs nineteen hundred and twenty eight alcohol, eleven 787 00:36:30,880 --> 00:36:34,719 Speaker 2: hundred and seventy eight catering air fares up and down 788 00:36:34,760 --> 00:36:39,400 Speaker 2: the country. But this welcome to the workplace thing worries 789 00:36:39,440 --> 00:36:41,680 Speaker 2: the but Jesus out of me a party to say 790 00:36:41,760 --> 00:36:46,360 Speaker 2: you've arrived. What's going on there in the public service 791 00:36:46,360 --> 00:36:48,960 Speaker 2: that you can even begin to justify this anyway? Between 792 00:36:49,040 --> 00:36:52,000 Speaker 2: that and the thirty three million dollars at the Ministry 793 00:36:52,000 --> 00:36:55,719 Speaker 2: of Foreign Affairs and Trade for their computer program. Chris 794 00:36:55,840 --> 00:36:57,840 Speaker 2: Luxinton for a good time on the Mike, asking breakfast 795 00:36:57,880 --> 00:37:02,240 Speaker 2: this morning, fourteen past seven, the make hosty breakers thirty 796 00:37:02,280 --> 00:37:04,560 Speaker 2: six five and the sevens with two minutes to go, 797 00:37:04,640 --> 00:37:06,399 Speaker 2: so I think we can bank that one seventeen minutes 798 00:37:06,400 --> 00:37:07,960 Speaker 2: past seven. Speaking of sport, fresh off the back of 799 00:37:08,000 --> 00:37:09,759 Speaker 2: the Tigers, when we've got news from the Warriors this 800 00:37:09,800 --> 00:37:12,960 Speaker 2: morning that the club's officially sold out their entire season. 801 00:37:13,280 --> 00:37:15,200 Speaker 2: That makes them the first team in our real history 802 00:37:15,200 --> 00:37:17,799 Speaker 2: to do that. The Warrior's chief executive Cameron George is withs. Cameron, 803 00:37:17,880 --> 00:37:21,680 Speaker 2: very good morning to you morning. What's that actually mean 804 00:37:21,760 --> 00:37:23,880 Speaker 2: when you've sold out the season? Does that mean I 805 00:37:23,960 --> 00:37:26,560 Speaker 2: can't get a ticket for your remaining home games. 806 00:37:27,640 --> 00:37:31,080 Speaker 22: That's right. Yeah, So we sold out yesterday officially for 807 00:37:31,080 --> 00:37:34,280 Speaker 22: the last two games. So I think at one stage 808 00:37:34,320 --> 00:37:36,879 Speaker 22: I was talking to guys had three tickets left and 809 00:37:36,360 --> 00:37:38,839 Speaker 22: they got stapped up there in front of us. So, 810 00:37:39,760 --> 00:37:43,040 Speaker 22: you know, it's a fantastic effort by our fan base 811 00:37:43,120 --> 00:37:46,640 Speaker 22: and members and just very appreciative of the privilege of 812 00:37:46,640 --> 00:37:47,560 Speaker 22: the situation we're in. 813 00:37:47,600 --> 00:37:49,560 Speaker 2: Yeah, it's an amazing story. What's the split do you 814 00:37:49,600 --> 00:37:51,640 Speaker 2: know between the season ticket holder and the walk Cup. 815 00:37:53,320 --> 00:37:56,760 Speaker 22: So full season ticket holders, we have about eight thousand 816 00:37:57,280 --> 00:38:01,040 Speaker 22: of full season in total, seventeen thousand and members across 817 00:38:01,120 --> 00:38:05,520 Speaker 22: the season with various membership packages, so we're selling about, 818 00:38:05,600 --> 00:38:09,360 Speaker 22: you know, thirteen to fourteen thousand seats per game. Wow, 819 00:38:10,320 --> 00:38:13,680 Speaker 22: And look they've just been they've been the highest ticket 820 00:38:13,840 --> 00:38:15,960 Speaker 22: in town for a long time now. And just a 821 00:38:16,000 --> 00:38:18,040 Speaker 22: little proud of our staff for the show and the 822 00:38:18,080 --> 00:38:19,719 Speaker 22: event that they put on, because that's been a big 823 00:38:19,760 --> 00:38:22,680 Speaker 22: focus of ours, and you know, people just don't want 824 00:38:22,680 --> 00:38:24,279 Speaker 22: to miss out and it's just so good to see 825 00:38:24,320 --> 00:38:27,480 Speaker 22: so many kids there and families there, so hopefully they're 826 00:38:27,480 --> 00:38:28,359 Speaker 22: fans for a long time. 827 00:38:28,560 --> 00:38:30,680 Speaker 2: Do you have data on other clubs in the NFL, 828 00:38:30,760 --> 00:38:32,680 Speaker 2: could they tell you where they're at and how far 829 00:38:32,760 --> 00:38:34,800 Speaker 2: ahead of the game you are in this department. 830 00:38:36,080 --> 00:38:38,520 Speaker 22: Yeah, we do get benchmarking data and all that sort 831 00:38:38,560 --> 00:38:42,640 Speaker 22: of stuff and that's all great. But Mike, at the 832 00:38:42,640 --> 00:38:44,719 Speaker 22: start of the year, you know, we just wanted a 833 00:38:44,760 --> 00:38:47,400 Speaker 22: real effort as a footag club here to be the 834 00:38:47,440 --> 00:38:50,160 Speaker 22: best we can be in the New Zealand market, because 835 00:38:50,280 --> 00:38:52,800 Speaker 22: trying to compare ourselves to the Australian market and different 836 00:38:52,840 --> 00:38:56,120 Speaker 22: states is quite difficult. But they all had different shapes 837 00:38:56,120 --> 00:38:58,560 Speaker 22: and sizes and stadiums. But we just want to be 838 00:38:58,600 --> 00:39:00,919 Speaker 22: the best in New Zealand and want to be number one, 839 00:39:00,960 --> 00:39:04,160 Speaker 22: and hopefully we've achieved that now and now we'll start 840 00:39:04,200 --> 00:39:07,560 Speaker 22: to compare to other markets in Australia and the NRL 841 00:39:07,640 --> 00:39:08,560 Speaker 22: and sport For the. 842 00:39:08,480 --> 00:39:10,680 Speaker 2: Bottom line, I mean, you've got to be a pretty 843 00:39:10,719 --> 00:39:13,760 Speaker 2: healthy looking club financially, mustn't you. I mean, you can't 844 00:39:13,760 --> 00:39:15,240 Speaker 2: do any more than sell out. 845 00:39:16,080 --> 00:39:19,839 Speaker 22: Yeah, that's right, we can't do any more than that. Yeah, 846 00:39:19,880 --> 00:39:22,600 Speaker 22: So we've done well. We're reinvesting a lot of it 847 00:39:22,600 --> 00:39:25,520 Speaker 22: back in our footy programs. With five teams now in 848 00:39:25,560 --> 00:39:28,640 Speaker 22: the NRLW coming on next year, so we're finding a 849 00:39:28,640 --> 00:39:31,479 Speaker 22: place to put the money. But look, it does do well, 850 00:39:31,520 --> 00:39:34,880 Speaker 22: but it seriously goes back in the club, and that's 851 00:39:34,960 --> 00:39:38,960 Speaker 22: great for Mark Robinson, our owner, that's his commitment. He 852 00:39:39,080 --> 00:39:42,560 Speaker 22: just wants to see it reinvested and grow our brand 853 00:39:42,600 --> 00:39:43,320 Speaker 22: and our club. 854 00:39:43,760 --> 00:39:47,040 Speaker 2: Congratulations on it, well done, Cameron George CEO sold out 855 00:39:47,120 --> 00:39:49,759 Speaker 2: only club and NURL history to sell out in the 856 00:39:49,920 --> 00:39:53,840 Speaker 2: entire season. Mike, who cares about sixteen k onspit pennies 857 00:39:54,080 --> 00:39:58,080 Speaker 2: and pounds? My friend, pennies and pounds. Mike ree Hospo, 858 00:39:58,160 --> 00:40:00,759 Speaker 2: you're overlooking margin squeeze. No I'm not. Once again, let 859 00:40:00,840 --> 00:40:04,359 Speaker 2: me reiterate this. No one's arguing about margin squeeze or profits. Yes, 860 00:40:04,360 --> 00:40:06,919 Speaker 2: everyone's squeezed at the moment. Profits aren't what the world. 861 00:40:06,960 --> 00:40:10,600 Speaker 2: What I'm saying is what's being presented to us versus 862 00:40:10,600 --> 00:40:13,719 Speaker 2: what is reality. Are two different things. Are things tight? 863 00:40:13,760 --> 00:40:15,560 Speaker 2: Of course they are. We've been in a recession, for 864 00:40:15,560 --> 00:40:17,960 Speaker 2: God's sake. But this whole idea that no one goes 865 00:40:18,000 --> 00:40:20,959 Speaker 2: out anymore, that the doors are closing simply isn't true. 866 00:40:21,000 --> 00:40:22,640 Speaker 2: Mike just tuned in. My wife and I went to 867 00:40:22,640 --> 00:40:24,759 Speaker 2: the food show loved at Packed spent two hundred dollars 868 00:40:24,760 --> 00:40:27,080 Speaker 2: on takeaway treats, so people are out and about in 869 00:40:27,080 --> 00:40:28,440 Speaker 2: that sense, seven twenty. 870 00:40:29,360 --> 00:40:30,600 Speaker 3: My costkil breakfast. 871 00:40:30,840 --> 00:40:32,640 Speaker 2: Now, if you're a business leader, you're always looking for 872 00:40:32,640 --> 00:40:35,560 Speaker 2: innovative ideas, ways to make better business decisions. Of course, 873 00:40:35,560 --> 00:40:37,960 Speaker 2: so how can you help your team think of new 874 00:40:38,000 --> 00:40:40,800 Speaker 2: innovative ideas? How can you help them make better decisions? 875 00:40:40,920 --> 00:40:44,640 Speaker 2: AI one way to harness AI. You can access some 876 00:40:44,800 --> 00:40:47,080 Speaker 2: AI safely and securely, because that's one of the questions 877 00:40:47,120 --> 00:40:49,200 Speaker 2: of the age. Is it safe? One net I've got 878 00:40:49,200 --> 00:40:51,040 Speaker 2: all these answers for you. One net, says the company 879 00:40:51,040 --> 00:40:53,560 Speaker 2: Grizzly AI. They've gone and built a safe and secure 880 00:40:53,600 --> 00:40:56,640 Speaker 2: path for risk averse businesses to access the generative AI. 881 00:40:57,000 --> 00:40:59,319 Speaker 2: It's low touch software works right out of the box, 882 00:40:59,320 --> 00:41:02,040 Speaker 2: great user ex experience, no integrations, no training, no delays 883 00:41:02,080 --> 00:41:05,359 Speaker 2: getting started. So one net, dot co, dot inz one net, 884 00:41:05,400 --> 00:41:07,919 Speaker 2: dot co, dot inzet, start your free seven day trial 885 00:41:07,920 --> 00:41:09,759 Speaker 2: a Grizzly AI today. Go to one net, dot co, 886 00:41:09,840 --> 00:41:12,640 Speaker 2: dot inzet start that free seven day trial, download the 887 00:41:12,640 --> 00:41:16,000 Speaker 2: white papers you've got how Grizzly AI can help you 888 00:41:16,040 --> 00:41:19,160 Speaker 2: make better business decisions and you've got how Grizzly Ai 889 00:41:19,280 --> 00:41:21,719 Speaker 2: can help you come up with more innovative ideas. So 890 00:41:21,800 --> 00:41:24,200 Speaker 2: all the help is there. It is one net and 891 00:41:24,239 --> 00:41:28,760 Speaker 2: it's Grizzly Ai Innovation leaders since two thousand Saski fifty 892 00:41:28,760 --> 00:41:31,400 Speaker 2: five to five in the sevens semi and final will 893 00:41:31,440 --> 00:41:33,239 Speaker 2: be played in the early hours of tomorrow morning. Thank god, 894 00:41:33,280 --> 00:41:35,040 Speaker 2: we'll get a medal at that particular point in time. 895 00:41:35,200 --> 00:41:39,120 Speaker 2: Now the way Tangy Tribunal strikes again at a time 896 00:41:39,160 --> 00:41:42,000 Speaker 2: when the office looks that actually you know, looks after 897 00:41:42,000 --> 00:41:44,120 Speaker 2: the money that gets handed out to the murray to 898 00:41:44,239 --> 00:41:47,680 Speaker 2: head off to court. They're in real trouble financially because 899 00:41:47,719 --> 00:41:50,640 Speaker 2: they've basically run out of money. The Tribunal is busy, 900 00:41:50,640 --> 00:41:52,840 Speaker 2: though at the same time pumping out report after report, 901 00:41:52,880 --> 00:41:55,080 Speaker 2: costing Lord knows how much to achieve virtually nothing. The 902 00:41:55,160 --> 00:41:58,800 Speaker 2: latest report deals with the government's actions around tomorrow's schools review, 903 00:41:59,280 --> 00:42:02,839 Speaker 2: in which the tribute Unial has decided they breached treaty principles. Now, 904 00:42:02,840 --> 00:42:05,160 Speaker 2: the report, by the way, is a first in the 905 00:42:05,160 --> 00:42:08,920 Speaker 2: sense it's printed entirely in Maori. There are English versions 906 00:42:08,920 --> 00:42:11,200 Speaker 2: of chapters three through seven apparently, which is very nice 907 00:42:11,200 --> 00:42:13,120 Speaker 2: of them. But the approach gives you some indication of 908 00:42:13,160 --> 00:42:14,799 Speaker 2: where their heads in the world viewer is at. It 909 00:42:14,840 --> 00:42:17,439 Speaker 2: also deals with the review that happened over the period 910 00:42:17,480 --> 00:42:20,440 Speaker 2: twenty eighteen to twenty twenty two, So a couple of 911 00:42:20,440 --> 00:42:23,840 Speaker 2: things about that. That was another government. That government is 912 00:42:23,880 --> 00:42:26,120 Speaker 2: no longer running the place, So what was it the 913 00:42:26,120 --> 00:42:28,400 Speaker 2: Tribunal was expecting labor to do about all. The second 914 00:42:28,680 --> 00:42:31,200 Speaker 2: fairly significant point is that not only does it deal 915 00:42:31,239 --> 00:42:33,719 Speaker 2: with the government that no longer exists, it, like all 916 00:42:33,719 --> 00:42:36,480 Speaker 2: its other reports, is not binding. In other words, it's 917 00:42:36,520 --> 00:42:39,279 Speaker 2: an opinion and that's about it. So given what we 918 00:42:39,280 --> 00:42:41,440 Speaker 2: saw last week from the government with the customary rights 919 00:42:41,480 --> 00:42:43,720 Speaker 2: decision by the Court of Appeal, which is an actual 920 00:42:43,760 --> 00:42:46,400 Speaker 2: court that makes binding decisions, You've got to wonder just 921 00:42:46,440 --> 00:42:48,680 Speaker 2: how hard the Tribunal is pushing the envelope and asking 922 00:42:48,719 --> 00:42:51,520 Speaker 2: for trouble. All of this, of course, is taxpayer funded, 923 00:42:51,800 --> 00:42:53,760 Speaker 2: and in a country that is less than no money 924 00:42:54,000 --> 00:42:56,160 Speaker 2: and the purse rings are constantly looking to be tightened, 925 00:42:56,280 --> 00:42:58,839 Speaker 2: how much longer can urgent hearings be held that offer 926 00:42:58,920 --> 00:43:02,799 Speaker 2: taxpayer funded opinions with little of any standing and deal 927 00:43:02,840 --> 00:43:05,880 Speaker 2: to a time that has passed with absolutely no chance 928 00:43:06,120 --> 00:43:09,759 Speaker 2: of anything coming out of it at all. The tribunal 929 00:43:10,200 --> 00:43:13,480 Speaker 2: fifty years ago set up to deal with historic grievance, 930 00:43:13,920 --> 00:43:16,840 Speaker 2: made some sense and did some good work and righted 931 00:43:16,880 --> 00:43:21,120 Speaker 2: some very large wrongs. The modern day Wacamole report gravy 932 00:43:21,200 --> 00:43:26,200 Speaker 2: train isn't so inspiring fasking but on the calculator, so 933 00:43:26,320 --> 00:43:28,880 Speaker 2: reported to this morning, as the government has set aside 934 00:43:28,880 --> 00:43:30,520 Speaker 2: a couple of angsty things that people are mean. The 935 00:43:30,560 --> 00:43:32,759 Speaker 2: boot camps is one that all the opponents of the 936 00:43:32,800 --> 00:43:35,160 Speaker 2: government really sort of exercised about. Boot camps as one. 937 00:43:35,880 --> 00:43:38,319 Speaker 2: Tobacco is another. Gun reform, So we dealt with gun 938 00:43:38,360 --> 00:43:41,520 Speaker 2: reform a moment ago. Tobacco and Casey Costello. The Labour 939 00:43:41,560 --> 00:43:45,440 Speaker 2: Party seem obsessed with Casey Costello and her presumed links 940 00:43:45,480 --> 00:43:48,840 Speaker 2: to tobacco. Anyway, the government has set aside two hundred 941 00:43:48,880 --> 00:43:51,200 Speaker 2: and sixteen million dollars to pay for the tax cuts 942 00:43:51,280 --> 00:43:54,360 Speaker 2: around the heated tobacco products. When I say tax cuts, 943 00:43:54,560 --> 00:43:56,960 Speaker 2: it'll be because they're alluring the excise. It means money 944 00:43:56,960 --> 00:43:58,920 Speaker 2: they don't get. So they've set aside a contingency of 945 00:43:58,920 --> 00:44:01,160 Speaker 2: two hundred and sixteen million dollars. Now, we had a 946 00:44:01,160 --> 00:44:02,839 Speaker 2: bloke on the program the other day that said, look, 947 00:44:02,840 --> 00:44:04,839 Speaker 2: it's probably worth a crack if you want to get 948 00:44:04,880 --> 00:44:07,360 Speaker 2: people not smoking in this country, heat to tobacco products 949 00:44:07,440 --> 00:44:09,279 Speaker 2: might be worth a crack. He reckoned they could help 950 00:44:09,320 --> 00:44:12,319 Speaker 2: about seven thousand people. So outcomes from a calculator, and 951 00:44:12,360 --> 00:44:14,520 Speaker 2: I'm looking at this, the government loses two hundred and 952 00:44:14,560 --> 00:44:18,760 Speaker 2: sixteen million dollars in excise to help seven thousand people. 953 00:44:18,800 --> 00:44:20,279 Speaker 2: Do the math. Well, I've done the math. Don't do 954 00:44:20,280 --> 00:44:22,360 Speaker 2: the math. I've done the math for you. Thirty thousand 955 00:44:22,400 --> 00:44:28,040 Speaker 2: apeece thirty thousand dollars per man, woman and child to 956 00:44:28,160 --> 00:44:31,680 Speaker 2: help them theoretically, allegedly somehow give up smoking. 957 00:44:31,719 --> 00:44:32,319 Speaker 3: Is that worth it? 958 00:44:33,719 --> 00:44:35,680 Speaker 2: I take the two sixteen lit people. You know you 959 00:44:35,719 --> 00:44:37,879 Speaker 2: want to ruin your health in your life, go do it? 960 00:44:37,880 --> 00:44:40,120 Speaker 2: Mind you. That counter argument is you end up in 961 00:44:40,120 --> 00:44:41,600 Speaker 2: the health system. We pay for that as well. I 962 00:44:41,680 --> 00:44:44,440 Speaker 2: get all of that anyway. Christophalaction's got a bit on 963 00:44:44,560 --> 00:44:46,719 Speaker 2: us plate this morning. I got a I've got a 964 00:44:47,040 --> 00:44:51,160 Speaker 2: tsunami of expenditure wastage that we need we're going to 965 00:44:51,200 --> 00:44:53,080 Speaker 2: need to get into directly after the news, which is 966 00:44:53,120 --> 00:44:55,120 Speaker 2: next here, A news talk said, beat. 967 00:44:57,640 --> 00:45:01,399 Speaker 1: Your trusted source for news and for use the Mic 968 00:45:01,480 --> 00:45:05,719 Speaker 1: Hosking breakfast with Bailey's real Estate doing real estate differently. 969 00:45:05,760 --> 00:45:08,520 Speaker 3: Since nineteen seventy three, News togs had been. 970 00:45:08,440 --> 00:45:10,959 Speaker 2: Keels back in the country mid season. He's Indy next. 971 00:45:10,960 --> 00:45:12,520 Speaker 2: Of course, last time we had him on the program 972 00:45:12,520 --> 00:45:14,000 Speaker 2: at the beginning of the year, he'd come off as 973 00:45:14,040 --> 00:45:17,279 Speaker 2: success last year was heading off to Windy currently fourth 974 00:45:17,320 --> 00:45:19,640 Speaker 2: in the standing seasons. Taking a break. He's back home, 975 00:45:19,640 --> 00:45:22,000 Speaker 2: so we'll take the chance of a catch up after eight. Meantime, 976 00:45:22,360 --> 00:45:24,360 Speaker 2: choose the morning Prime Minister christpher lections. But it was 977 00:45:24,440 --> 00:45:25,279 Speaker 2: very good morning to you. 978 00:45:26,280 --> 00:45:27,000 Speaker 17: Good morning, Mike. 979 00:45:27,160 --> 00:45:29,799 Speaker 2: Now, I've got a lot of wastage going on. I 980 00:45:29,800 --> 00:45:31,360 Speaker 2: hope you're aware of this. Are you up on the 981 00:45:31,360 --> 00:45:33,600 Speaker 2: New Zealand Film Commission? And there are many and varied 982 00:45:33,680 --> 00:45:36,000 Speaker 2: parties that the taxpayers funding. 983 00:45:37,239 --> 00:45:37,759 Speaker 3: A little bit? 984 00:45:37,840 --> 00:45:39,000 Speaker 22: Yep, what are you gonna talk about? 985 00:45:39,520 --> 00:45:42,080 Speaker 2: The part that it's allowed to happen and when does 986 00:45:42,120 --> 00:45:42,640 Speaker 2: it stop? 987 00:45:44,680 --> 00:45:46,600 Speaker 17: Sorry, I just said it again, the part. 988 00:45:46,440 --> 00:45:48,320 Speaker 2: That it happens and when does it stop? 989 00:45:49,760 --> 00:45:50,640 Speaker 17: The film commission. 990 00:45:51,440 --> 00:45:54,440 Speaker 2: Have we got a bad phone line or something we 991 00:45:54,600 --> 00:45:54,880 Speaker 2: might do? 992 00:45:55,080 --> 00:45:55,600 Speaker 22: Sorry about that. 993 00:45:55,840 --> 00:45:58,200 Speaker 17: You're breaking up a little bit, but but yes, you 994 00:45:58,239 --> 00:45:59,360 Speaker 17: start again, okay. 995 00:46:00,000 --> 00:46:02,880 Speaker 2: Film Commission are hosting parties for people who are leaving, 996 00:46:03,200 --> 00:46:05,719 Speaker 2: and they're hosting parties for people who are arriving, and 997 00:46:05,760 --> 00:46:08,360 Speaker 2: it's costing us tens of thousands of dollars. Is that acceptable? 998 00:46:10,200 --> 00:46:13,560 Speaker 17: Well, again, I'm not aware of what they're doing exactly 999 00:46:13,640 --> 00:46:16,200 Speaker 17: in terms of their operational details. So they're trying to attract. 1000 00:46:15,880 --> 00:46:18,160 Speaker 22: People to actually do projects here. We've got a good. 1001 00:46:18,080 --> 00:46:20,120 Speaker 17: Amount of projects coming into New Zealand, which is good 1002 00:46:20,120 --> 00:46:23,360 Speaker 17: for our industry in the sector here. That's been a 1003 00:46:23,360 --> 00:46:26,640 Speaker 17: good thing. I'm not exactly sure what's appropriate or what 1004 00:46:26,719 --> 00:46:30,240 Speaker 17: level they've been doing hosting and trying to attract projects 1005 00:46:30,280 --> 00:46:31,640 Speaker 17: to New Zealand. I think it's good that they do 1006 00:46:31,640 --> 00:46:31,960 Speaker 17: do that. 1007 00:46:32,320 --> 00:46:35,080 Speaker 2: But when a CEO arrives and they say, let's have 1008 00:46:35,120 --> 00:46:37,960 Speaker 2: a party for an arriving CEO and they spend eight 1009 00:46:37,960 --> 00:46:40,720 Speaker 2: thousand dollars doing that, is that typical of the public service? 1010 00:46:41,600 --> 00:46:43,640 Speaker 17: Well, that wouldn't seem appropriate to me. I mean, I 1011 00:46:43,719 --> 00:46:45,080 Speaker 17: think you want to be able to have high level 1012 00:46:45,080 --> 00:46:47,840 Speaker 17: engagement to welcome a CEO and to talk about the 1013 00:46:47,840 --> 00:46:50,000 Speaker 17: project they want to get involved with. When I was 1014 00:46:50,000 --> 00:46:53,000 Speaker 17: in California, for example, when I met with Apple, they 1015 00:46:53,080 --> 00:46:55,080 Speaker 17: want to do a number of productions here in New Zealand. 1016 00:46:55,320 --> 00:46:57,480 Speaker 22: They don't need a party for that, and they just need. 1017 00:46:57,320 --> 00:46:59,200 Speaker 17: To know that I'm aware of what's going on, and 1018 00:46:59,200 --> 00:47:02,360 Speaker 17: I'm encouraging them to choose US over Ireland or Yugoslavia 1019 00:47:02,400 --> 00:47:03,720 Speaker 17: or some other place to do the project. 1020 00:47:04,000 --> 00:47:07,080 Speaker 2: So is there a message from the government top down 1021 00:47:07,239 --> 00:47:10,160 Speaker 2: going to the government departments that we're not having parties 1022 00:47:10,400 --> 00:47:13,440 Speaker 2: and they're unacceptable or has that message been ignored or 1023 00:47:13,560 --> 00:47:14,640 Speaker 2: was there no message at all. 1024 00:47:15,280 --> 00:47:17,920 Speaker 17: No, that message is being applied on a regular basis, 1025 00:47:18,040 --> 00:47:21,440 Speaker 17: and I've made it really really clear. I'm expecting every 1026 00:47:21,480 --> 00:47:24,520 Speaker 17: single public sector CEO to deliver within their budgets. You 1027 00:47:24,520 --> 00:47:26,799 Speaker 17: would have seen us make big interventions on say Health 1028 00:47:26,840 --> 00:47:31,360 Speaker 17: New Zealand recently Housing New Zealand Disability Services. When we 1029 00:47:31,400 --> 00:47:33,160 Speaker 17: give you a budget, we expect you to deliver it 1030 00:47:33,239 --> 00:47:36,360 Speaker 17: and manage within the funds that we've got Health to 1031 00:47:36,440 --> 00:47:39,200 Speaker 17: classic right, thirty billion dollars of spend a year, sixteen 1032 00:47:39,200 --> 00:47:41,640 Speaker 17: point seven billion, going more, and then all of a 1033 00:47:41,640 --> 00:47:44,320 Speaker 17: sudden the deficit emerges because there's very poor financial control 1034 00:47:44,360 --> 00:47:47,120 Speaker 17: and understanding of what's going on. Unacceptable. That's why I 1035 00:47:47,120 --> 00:47:48,880 Speaker 17: put a commissioner in. So I think you know, the 1036 00:47:48,880 --> 00:47:49,880 Speaker 17: message is pretty clear. 1037 00:47:50,400 --> 00:47:50,800 Speaker 13: I don't know. 1038 00:47:50,920 --> 00:47:52,800 Speaker 17: I make it clear every day of my interactions with 1039 00:47:52,920 --> 00:47:56,319 Speaker 17: CEOs and different officials about what we're expecting to do, 1040 00:47:57,280 --> 00:48:00,880 Speaker 17: you know, and imagine there'll be some dumb stuff, yes, 1041 00:48:01,080 --> 00:48:03,239 Speaker 17: and people want to make sure that that's corrected very 1042 00:48:03,320 --> 00:48:03,800 Speaker 17: very quickly. 1043 00:48:04,120 --> 00:48:04,359 Speaker 3: Right. 1044 00:48:04,440 --> 00:48:06,960 Speaker 2: What about the thirty three million that the Ministry of 1045 00:48:07,000 --> 00:48:10,719 Speaker 2: Foreign Affairs and Trade it project? It nearly tripled in 1046 00:48:10,760 --> 00:48:12,880 Speaker 2: costs since it started in twenty twenty one. It's been 1047 00:48:12,920 --> 00:48:15,880 Speaker 2: a failure for all of its existence, and the wider 1048 00:48:15,880 --> 00:48:18,120 Speaker 2: ministry was made aware of it before millions of dollars 1049 00:48:18,120 --> 00:48:20,080 Speaker 2: more were misspent. How does that happen? 1050 00:48:20,320 --> 00:48:22,040 Speaker 22: Yeah, yeah, we'll come away. 1051 00:48:22,080 --> 00:48:23,960 Speaker 17: That's a project that was think was picked off under 1052 00:48:24,120 --> 00:48:27,839 Speaker 17: our jurn government and yet there was over spending in there. 1053 00:48:27,920 --> 00:48:30,279 Speaker 17: And there's been interventions made from the top of him 1054 00:48:30,320 --> 00:48:31,719 Speaker 17: fact to make sure that's gripped up. 1055 00:48:32,040 --> 00:48:32,839 Speaker 22: And when St. 1056 00:48:32,920 --> 00:48:35,959 Speaker 17: Peter's Minister Foreign Affairs was briefed about it, and he's 1057 00:48:36,200 --> 00:48:39,120 Speaker 17: laid little down pretty firmly, and obviously it's been quite 1058 00:48:39,120 --> 00:48:40,560 Speaker 17: a lot of change happening as a result of that. 1059 00:48:40,719 --> 00:48:42,840 Speaker 17: So you know, again those are things that are happening. 1060 00:48:42,840 --> 00:48:46,719 Speaker 17: I mean, there is literally in public spending important that 1061 00:48:46,719 --> 00:48:49,040 Speaker 17: they understand that is taxpayers money. There has to be 1062 00:48:49,080 --> 00:48:50,920 Speaker 17: spent really prudently, and you spend it as if it's 1063 00:48:50,960 --> 00:48:53,000 Speaker 17: your own money, as if you know, you do your 1064 00:48:53,040 --> 00:48:56,640 Speaker 17: own family budget. So we're building that culture back into Wellington. 1065 00:48:56,680 --> 00:48:58,719 Speaker 17: We have to build it back in. But yeah, that's 1066 00:48:58,760 --> 00:49:01,359 Speaker 17: a good example of project that's run and it can't 1067 00:49:01,360 --> 00:49:03,000 Speaker 17: be let the if products are over running. We want 1068 00:49:03,000 --> 00:49:05,160 Speaker 17: that surface very quickly. We want to know about it, 1069 00:49:05,320 --> 00:49:06,799 Speaker 17: and we want more an action plan to get it 1070 00:49:06,800 --> 00:49:07,960 Speaker 17: back on track again and on time. 1071 00:49:08,200 --> 00:49:10,160 Speaker 2: So what's your observation of this? And this comes out 1072 00:49:10,200 --> 00:49:13,520 Speaker 2: of your POSTCAB press conference, which once again I waited 1073 00:49:13,520 --> 00:49:16,120 Speaker 2: my way through for forty minutes yesterday, as you. 1074 00:49:16,160 --> 00:49:18,719 Speaker 22: Real I appreciate you listening to that, like I really do. 1075 00:49:18,920 --> 00:49:22,000 Speaker 2: I mean, you're telling us yesterday that members of boards 1076 00:49:22,000 --> 00:49:28,200 Speaker 2: and executives and health couldn't get basic financial information. I mean, yes, 1077 00:49:28,719 --> 00:49:29,840 Speaker 2: is that possible? 1078 00:49:30,840 --> 00:49:31,440 Speaker 22: I don't know. 1079 00:49:31,920 --> 00:49:35,279 Speaker 17: That's why we've made the interventions we have because when 1080 00:49:35,280 --> 00:49:37,920 Speaker 17: you told everything's fine and then it finds out, you 1081 00:49:37,920 --> 00:49:40,440 Speaker 17: find out there's actually not very good cash flow analysis. 1082 00:49:41,200 --> 00:49:44,880 Speaker 17: There's twenty one different accounts payoff systems. You know what 1083 00:49:45,000 --> 00:49:47,040 Speaker 17: actually happened, Let's be honest about it was a really 1084 00:49:47,120 --> 00:49:49,319 Speaker 17: botched merger. We've seen it now in tpoo King, we've 1085 00:49:49,360 --> 00:49:52,160 Speaker 17: seen in disability services, We've seen it in KO, We've 1086 00:49:52,160 --> 00:49:55,320 Speaker 17: seen it in Health New Zealand, where Actually, when you 1087 00:49:55,400 --> 00:49:57,319 Speaker 17: I remember mergers and acquisitions, well, if you buy a 1088 00:49:57,320 --> 00:50:00,799 Speaker 17: new company, you really quickly identify this, get out the 1089 00:50:00,840 --> 00:50:04,040 Speaker 17: duplication and make sure it's imbedded properly into the organization, 1090 00:50:04,160 --> 00:50:07,160 Speaker 17: and you build a proper organization. In this case, twenty 1091 00:50:07,200 --> 00:50:10,200 Speaker 17: one DHB is basically carried on big slack of a 1092 00:50:10,400 --> 00:50:12,839 Speaker 17: big layer of management over the top of it, and 1093 00:50:12,920 --> 00:50:15,800 Speaker 17: no financial reporting and literacy to the board provided to 1094 00:50:15,840 --> 00:50:17,719 Speaker 17: the board, and the board not able and didn't ask 1095 00:50:17,800 --> 00:50:20,560 Speaker 17: questions about information they needed to know. And so I 1096 00:50:21,680 --> 00:50:24,000 Speaker 17: no longer a board, no longer a deven, a commissioner 1097 00:50:24,360 --> 00:50:26,560 Speaker 17: with very big powers to act and move very very quickly, 1098 00:50:26,600 --> 00:50:29,319 Speaker 17: un less to living and he'll be great. I think 1099 00:50:29,360 --> 00:50:30,120 Speaker 17: you might have had him. 1100 00:50:30,000 --> 00:50:30,319 Speaker 22: On the show. 1101 00:50:30,360 --> 00:50:32,560 Speaker 17: But yeah, he's a pretty straight talker. And I meet 1102 00:50:32,560 --> 00:50:35,720 Speaker 17: with him now with Nicola, Willis Shamdia, myself and him 1103 00:50:35,880 --> 00:50:38,320 Speaker 17: and his commissioners, and we go on a regular meeting 1104 00:50:38,320 --> 00:50:40,520 Speaker 17: to say, right, oh, what is happening this week? What 1105 00:50:40,560 --> 00:50:42,839 Speaker 17: are we doing, and what are the challenges that you're 1106 00:50:42,880 --> 00:50:44,799 Speaker 17: encountering with In a matter of a week and a bit, 1107 00:50:45,239 --> 00:50:47,160 Speaker 17: low and behold, for the first time there's been in 1108 00:50:47,280 --> 00:50:49,480 Speaker 17: decent cash flow analysis, which is when you're trying to 1109 00:50:49,520 --> 00:50:52,360 Speaker 17: run a large organization eighty five thousand people, thirty billion 1110 00:50:52,400 --> 00:50:54,960 Speaker 17: dollars worth of spending and more money coming into it. 1111 00:50:55,560 --> 00:50:57,520 Speaker 22: It's kind of a basic, right it is. 1112 00:50:58,200 --> 00:51:00,279 Speaker 2: I just despair what you're having to deal with. Then 1113 00:51:00,320 --> 00:51:03,960 Speaker 2: I'm reading yesterday about the National Disaster Coordination System. Right, 1114 00:51:04,040 --> 00:51:08,160 Speaker 2: So a COP a common operating platform. So New Zealand's 1115 00:51:08,239 --> 00:51:11,400 Speaker 2: latest attempt to build a COP was abandoned weeks ago. 1116 00:51:11,560 --> 00:51:14,600 Speaker 2: The country lacks even a proper foundation for one. Spatial 1117 00:51:14,760 --> 00:51:18,160 Speaker 2: data infrastructure is what we're talking about. This is despite 1118 00:51:18,239 --> 00:51:21,320 Speaker 2: Cabinet ordering an SDI to be built in twenty fourteen, 1119 00:51:21,760 --> 00:51:24,120 Speaker 2: saying it would boost the economy by billions of dollars, 1120 00:51:24,239 --> 00:51:27,920 Speaker 2: organizations didn't want to share their data. Not only has 1121 00:51:27,960 --> 00:51:31,680 Speaker 2: an SDI never been built, the National Geospatial Office, which 1122 00:51:31,680 --> 00:51:33,520 Speaker 2: has only ever had two or three people in it 1123 00:51:33,600 --> 00:51:36,920 Speaker 2: any way, folded in twenty eighteen and we wonder when 1124 00:51:36,960 --> 00:51:40,440 Speaker 2: it rains, why the same crap happens over and over 1125 00:51:40,640 --> 00:51:41,560 Speaker 2: and over again. 1126 00:51:44,080 --> 00:51:46,880 Speaker 17: Data management is a major major issue, right, And if 1127 00:51:46,960 --> 00:51:49,080 Speaker 17: you don't collect the data, you can't analyze it, and 1128 00:51:49,120 --> 00:51:51,120 Speaker 17: then you can't take action on it. And it's not 1129 00:51:51,160 --> 00:51:53,359 Speaker 17: about just collecting data. You've got to have action and 1130 00:51:53,400 --> 00:51:55,759 Speaker 17: insights from that data that then changes the way you 1131 00:51:55,800 --> 00:51:56,280 Speaker 17: do things. 1132 00:51:56,640 --> 00:51:58,280 Speaker 22: And so you're right, whether it's. 1133 00:51:58,160 --> 00:52:01,840 Speaker 17: In the spatial planning space end land that we know 1134 00:52:01,920 --> 00:52:03,799 Speaker 17: that floods and doesn't flood and then is consented at 1135 00:52:03,920 --> 00:52:07,040 Speaker 17: local government level, frankly, whether it's things in the way 1136 00:52:07,080 --> 00:52:12,480 Speaker 17: that local governments respond to common systems around emergency management. 1137 00:52:12,800 --> 00:52:14,680 Speaker 17: You know, we were very fortunate in christ Church that 1138 00:52:14,800 --> 00:52:16,959 Speaker 17: christ Church and Sell and why Mack had the same 1139 00:52:17,000 --> 00:52:19,920 Speaker 17: system to deal with porthills fires. But actually across the 1140 00:52:19,920 --> 00:52:23,359 Speaker 17: country sixty two different district councils have different systems and 1141 00:52:23,440 --> 00:52:26,719 Speaker 17: so but in your government, I don't personally believe is 1142 00:52:26,800 --> 00:52:29,000 Speaker 17: very good at building our t systems. Are the right 1143 00:52:29,040 --> 00:52:32,000 Speaker 17: people to do that stuff, and we do too much customization. 1144 00:52:32,400 --> 00:52:34,440 Speaker 17: We should take off the shelf products in the digital 1145 00:52:34,480 --> 00:52:36,440 Speaker 17: space because it's meaning billions and billions of dollars on 1146 00:52:36,480 --> 00:52:39,520 Speaker 17: it projects and so we're trying to get our hands around. 1147 00:52:39,239 --> 00:52:39,759 Speaker 22: That as well. 1148 00:52:40,040 --> 00:52:43,319 Speaker 2: Jeez, there's a report this morning. You've set aside to it, and. 1149 00:52:43,239 --> 00:52:44,279 Speaker 17: I want to depress your mike. 1150 00:52:44,840 --> 00:52:47,480 Speaker 16: It's like wet potential. 1151 00:52:47,520 --> 00:52:49,160 Speaker 20: But we have to sort this mess out. 1152 00:52:49,200 --> 00:52:50,200 Speaker 22: And this is what we're going to do. 1153 00:52:50,239 --> 00:52:51,839 Speaker 17: This is a turn when I say turn around job, 1154 00:52:52,040 --> 00:52:53,839 Speaker 17: this is the stuff that I'm talking about. And this 1155 00:52:53,920 --> 00:52:57,000 Speaker 17: is why New Zealanders can't take good management for granted. 1156 00:52:57,840 --> 00:52:59,759 Speaker 17: You know, you can have all the slogans you want, 1157 00:52:59,840 --> 00:53:02,719 Speaker 17: you can talk all combined are mush as much as 1158 00:53:02,719 --> 00:53:05,360 Speaker 17: you like, but you've actually got to run stuff well 1159 00:53:05,400 --> 00:53:06,200 Speaker 17: and deliver it well. 1160 00:53:06,920 --> 00:53:09,200 Speaker 2: You've set aside two hundred and sixteen million, it's reported 1161 00:53:09,200 --> 00:53:12,640 Speaker 2: this morning contingency on these heat to tobacco products is one. 1162 00:53:12,719 --> 00:53:14,520 Speaker 2: Is that true? If you've set aside two hundred and 1163 00:53:14,520 --> 00:53:16,600 Speaker 2: sixteen million, as in the money you won't be getting 1164 00:53:17,120 --> 00:53:20,920 Speaker 2: and it helps thirty seven thousand people, that's thirty thousand 1165 00:53:21,200 --> 00:53:22,839 Speaker 2: dollars per person. Is that worth it? 1166 00:53:23,880 --> 00:53:24,040 Speaker 3: Yeah? 1167 00:53:24,080 --> 00:53:25,520 Speaker 17: There was a few things going on there. One is 1168 00:53:25,520 --> 00:53:28,040 Speaker 17: lot there's a new cagory of products called heated tobacco. 1169 00:53:29,560 --> 00:53:32,080 Speaker 17: You know, there's a whole bunch of new innovations in 1170 00:53:32,120 --> 00:53:35,600 Speaker 17: that space. It's not that better products, we believe for 1171 00:53:35,640 --> 00:53:38,520 Speaker 17: you than people being on cigarettes. We know what vaping's 1172 00:53:38,560 --> 00:53:41,239 Speaker 17: done to lower smoking rates. If there's another way in 1173 00:53:41,239 --> 00:53:43,719 Speaker 17: which we get people away from cigarette, that's good. So 1174 00:53:43,760 --> 00:53:46,600 Speaker 17: we don't actually formally know what the growth of that 1175 00:53:46,600 --> 00:53:48,920 Speaker 17: sector will look like over the next twelve months or so. 1176 00:53:49,400 --> 00:53:52,799 Speaker 17: Having said that, we put the maximum contingency away in case, 1177 00:53:52,840 --> 00:53:54,239 Speaker 17: and what we've done is what we've done is have 1178 00:53:54,360 --> 00:53:56,919 Speaker 17: the excise tax on those kinds of products, so there's 1179 00:53:56,920 --> 00:53:59,560 Speaker 17: still excise tax being paid, but we're trying to incent 1180 00:53:59,560 --> 00:54:01,600 Speaker 17: people move away from cigarette so we can get our 1181 00:54:01,640 --> 00:54:04,920 Speaker 17: daily smoking rates down to five percent. I've gone down 1182 00:54:04,920 --> 00:54:07,560 Speaker 17: from eight point six to six point eight. We think 1183 00:54:07,560 --> 00:54:10,080 Speaker 17: we're actually on track to deliver smoke Free twenty twenty five, 1184 00:54:10,120 --> 00:54:12,560 Speaker 17: which is the five percent daily smoking rate, and we're 1185 00:54:12,560 --> 00:54:14,160 Speaker 17: going to try it for twelve months and let's. 1186 00:54:14,000 --> 00:54:15,640 Speaker 22: See how it goes and put a review in place. 1187 00:54:15,680 --> 00:54:18,040 Speaker 17: But we've put mess of money aside from a conngingency 1188 00:54:18,080 --> 00:54:20,600 Speaker 17: point of view, not knowing what the uptake ultimately of 1189 00:54:20,640 --> 00:54:23,640 Speaker 17: these products will look and feel like. Currently it's low, 1190 00:54:24,200 --> 00:54:25,080 Speaker 17: and then we'll review it. 1191 00:54:25,000 --> 00:54:26,879 Speaker 2: In twelve months, right, I got to go, But give 1192 00:54:26,880 --> 00:54:29,560 Speaker 2: me thirty seconds on this. The one hundred school building 1193 00:54:29,640 --> 00:54:32,279 Speaker 2: projects that have been put on hold, how many of 1194 00:54:32,320 --> 00:54:36,240 Speaker 2: them is because they're bespoke and cutting edge and expensive 1195 00:54:36,320 --> 00:54:38,759 Speaker 2: versus how many actually be mold. 1196 00:54:38,600 --> 00:54:41,800 Speaker 17: Big part of it, big part of it hopelessly local, 1197 00:54:42,440 --> 00:54:45,279 Speaker 17: lots of customization, lots of this spokeness. And what we 1198 00:54:45,280 --> 00:54:48,080 Speaker 17: need is stand in classrooms. You can sex it up 1199 00:54:48,080 --> 00:54:50,760 Speaker 17: around the outside with some better landscaping, for sure, but actually, 1200 00:54:50,800 --> 00:54:53,200 Speaker 17: for goodness sake, let's just do things in one way, 1201 00:54:53,280 --> 00:54:55,960 Speaker 17: same way, every way, standardized way, get the cost down 1202 00:54:56,440 --> 00:54:59,800 Speaker 17: and deliver better quality buildings across our school infrastructure. 1203 00:55:00,000 --> 00:55:04,880 Speaker 2: Share your time, Christopher Lackson, the Prime Minister, I'd recommend 1204 00:55:04,920 --> 00:55:07,239 Speaker 2: you go listen to yesterday's press conference one because it 1205 00:55:07,320 --> 00:55:10,000 Speaker 2: was became a bitch first after a while, But more importantly, 1206 00:55:10,360 --> 00:55:13,920 Speaker 2: when a prime minister talks about a grouping of people, 1207 00:55:13,960 --> 00:55:17,200 Speaker 2: i e. Health that spends thirty billion dollars a year 1208 00:55:17,520 --> 00:55:19,880 Speaker 2: and you've got people, whether on the board or the executive, 1209 00:55:20,280 --> 00:55:24,480 Speaker 2: that literally cannot find what's spent, where it's spent, how 1210 00:55:24,520 --> 00:55:29,520 Speaker 2: it's spent, why it's spent. This country is bugget thirteenth Way, 1211 00:55:30,680 --> 00:55:33,680 Speaker 2: Mike Costing Breakfast, genuinely feel sorry for him at times, 1212 00:55:33,719 --> 00:55:36,200 Speaker 2: and the amount of stuff he's had to deal Mike 1213 00:55:36,600 --> 00:55:38,600 Speaker 2: good and to be thank goodness, we've got national leadership 1214 00:55:38,600 --> 00:55:41,000 Speaker 2: with Christopher Lackxson at the helm. What the Blazers were 1215 00:55:41,000 --> 00:55:44,880 Speaker 2: Adern and Robinson's smoking so useless. This goes back to 1216 00:55:44,960 --> 00:55:46,960 Speaker 2: and it was Adern who packed a big sad when 1217 00:55:47,000 --> 00:55:50,960 Speaker 2: she couldn't get a proper connection. So this was apeck 1218 00:55:51,880 --> 00:55:55,640 Speaker 2: no technical capability to this twenty twenty one, no technical 1219 00:55:55,680 --> 00:55:59,120 Speaker 2: capability to get a Microsoft team's call up running with 1220 00:55:59,160 --> 00:56:01,920 Speaker 2: world leaders you might remember it had sort of made 1221 00:56:01,960 --> 00:56:03,799 Speaker 2: the story at the time. Caused the Dern to voice 1222 00:56:03,800 --> 00:56:07,680 Speaker 2: who had annoyance. She was pretty fed off. One source 1223 00:56:07,680 --> 00:56:10,480 Speaker 2: set a Mickey Mouse set up from m fat. So 1224 00:56:10,560 --> 00:56:14,960 Speaker 2: they start this thirty three million dollar mb cloud it project, 1225 00:56:15,000 --> 00:56:18,520 Speaker 2: which nearly tripled in costs since twenty twenty one. It's 1226 00:56:18,560 --> 00:56:22,759 Speaker 2: a failure for all of its existence. A workaround was 1227 00:56:22,800 --> 00:56:25,640 Speaker 2: eventually found after she complained. Inquiries into what had gone 1228 00:56:25,640 --> 00:56:27,640 Speaker 2: wrong led to the creation of a whole new project. 1229 00:56:28,960 --> 00:56:31,440 Speaker 2: People close to the resulting cloud project did not have 1230 00:56:31,560 --> 00:56:35,320 Speaker 2: much positive to say about that. Experience, one source referring 1231 00:56:35,320 --> 00:56:38,799 Speaker 2: to their time on nfat's cloud project as quote the 1232 00:56:39,040 --> 00:56:45,080 Speaker 2: single worst experience in my entire professional career. The report's 1233 00:56:45,120 --> 00:56:47,759 Speaker 2: release prompted m FAT to apologize for the mismanagement of 1234 00:56:47,800 --> 00:56:50,040 Speaker 2: public funds. It's just thirty three million dollars, don't worry 1235 00:56:50,040 --> 00:56:53,080 Speaker 2: about it. The estimate in July of twenty one nine 1236 00:56:53,120 --> 00:56:56,000 Speaker 2: point three four eight million in its earlier stages, revised 1237 00:56:56,000 --> 00:56:59,120 Speaker 2: to thirteen point five million in May of twenty two. 1238 00:56:59,400 --> 00:57:01,799 Speaker 2: By June of last year, it was estimated to be 1239 00:57:01,840 --> 00:57:05,040 Speaker 2: sixteen point seven two million. Further estimates of the project's 1240 00:57:05,040 --> 00:57:08,840 Speaker 2: budget had balloon two thirty three million dollars. So what 1241 00:57:09,040 --> 00:57:14,160 Speaker 2: started out at nine ended at thirty three before the 1242 00:57:14,160 --> 00:57:17,040 Speaker 2: whole thing. It's very inter irel and fairy, isn't it. 1243 00:57:17,600 --> 00:57:19,600 Speaker 2: And we're trying to mop all this stuff up ate 1244 00:57:19,680 --> 00:57:20,160 Speaker 2: away from it. 1245 00:57:21,040 --> 00:57:24,760 Speaker 1: The Mike Castle breakfast with Jaguar Us tomb. 1246 00:57:26,640 --> 00:57:26,840 Speaker 12: Wow. 1247 00:57:27,800 --> 00:57:30,560 Speaker 2: Speaking of civil defense, look that up, by the way. 1248 00:57:31,200 --> 00:57:32,760 Speaker 2: It's the same thing every time, and we always look 1249 00:57:32,760 --> 00:57:34,240 Speaker 2: at civil defense to go how come the same thing 1250 00:57:34,280 --> 00:57:38,080 Speaker 2: happens every time? And that's because the office closed because 1251 00:57:38,160 --> 00:57:40,960 Speaker 2: the government departments didn't want to share information and because 1252 00:57:40,960 --> 00:57:43,320 Speaker 2: we've been trying to fix something since twenty fourteen, and 1253 00:57:43,360 --> 00:57:45,800 Speaker 2: somebody said, yesterday Gabriel happened again. The exact same thing 1254 00:57:45,840 --> 00:57:48,600 Speaker 2: would happen, and I'm not remotely surprised. And then we 1255 00:57:48,640 --> 00:57:51,040 Speaker 2: get to the bloke who ran Hawks Bay Civil Defense, 1256 00:57:51,040 --> 00:57:54,600 Speaker 2: guy called Ian McDonald, who was on holiday when Gabriel arrived. 1257 00:57:54,960 --> 00:57:56,760 Speaker 2: The question is is it unfair? A lot of people 1258 00:57:56,760 --> 00:57:59,560 Speaker 2: I know very angsty in the Bay in terms of 1259 00:57:59,760 --> 00:58:02,840 Speaker 2: his profile and what he did or didn't do. Anyways, resigned, 1260 00:58:03,600 --> 00:58:06,240 Speaker 2: and I suspect from my understanding of the area that 1261 00:58:06,400 --> 00:58:07,760 Speaker 2: a lot of people are going to be pretty pleased 1262 00:58:07,800 --> 00:58:10,240 Speaker 2: about that he leaves at the end of August. If 1263 00:58:10,280 --> 00:58:13,000 Speaker 2: you're on holiday over summer, that's not unusual. We're all 1264 00:58:13,040 --> 00:58:16,080 Speaker 2: on holiday over summer. If you're on holiday over summer 1265 00:58:16,120 --> 00:58:18,720 Speaker 2: and you're the Hawks Bay simple Defense coordinator or controller 1266 00:58:19,200 --> 00:58:21,000 Speaker 2: and you see a cyclone in the Pacific, do you 1267 00:58:21,000 --> 00:58:23,760 Speaker 2: cancel your holiday and come back? His argument was when 1268 00:58:23,760 --> 00:58:27,000 Speaker 2: he left on holiday, I'm comfortable I made the call 1269 00:58:27,080 --> 00:58:29,400 Speaker 2: because that was the Wednesday before the cyclone. At that 1270 00:58:29,480 --> 00:58:31,840 Speaker 2: stage the cyclone was up in Vanauer too. Fair enough, 1271 00:58:32,360 --> 00:58:34,920 Speaker 2: But if you're the controller of the area, do you 1272 00:58:35,040 --> 00:58:37,080 Speaker 2: then go right, I'm going to need to just put 1273 00:58:37,080 --> 00:58:40,760 Speaker 2: a contingency plan in place that should something untoward happened, 1274 00:58:40,760 --> 00:58:42,760 Speaker 2: because there's plenty of talk about what was happening up 1275 00:58:42,760 --> 00:58:44,960 Speaker 2: in the Bunawertou area and it was heading our way. 1276 00:58:44,960 --> 00:58:47,120 Speaker 2: Do you put a contingency in place that says I 1277 00:58:47,200 --> 00:58:50,000 Speaker 2: might have to cut my holiday short? At what point 1278 00:58:50,000 --> 00:58:52,160 Speaker 2: do you do that? What point is it fair? Or 1279 00:58:52,600 --> 00:58:55,080 Speaker 2: if you're on leave, are you on leave and somebody 1280 00:58:55,120 --> 00:58:56,920 Speaker 2: else is taking your place and they will control it? 1281 00:58:57,360 --> 00:58:59,040 Speaker 2: Or as it gets close to the country, do you 1282 00:58:59,080 --> 00:59:01,160 Speaker 2: then go right now, this looks serious. I'm going to 1283 00:59:01,240 --> 00:59:03,360 Speaker 2: come back from my holiday and take charge of things. 1284 00:59:03,680 --> 00:59:05,440 Speaker 2: Or do you excuse him because it wasn't supposed to 1285 00:59:05,480 --> 00:59:07,120 Speaker 2: hit the Hawks Bay the way it was. It was 1286 00:59:07,120 --> 00:59:09,760 Speaker 2: only supposed to hit the top of the island. See 1287 00:59:09,760 --> 00:59:11,560 Speaker 2: what's right and what's wrong? And the answer is there 1288 00:59:11,600 --> 00:59:13,240 Speaker 2: is no right and there is no wrong. But people 1289 00:59:13,280 --> 00:59:14,760 Speaker 2: have decided they didn't like what he did and his 1290 00:59:14,840 --> 00:59:18,360 Speaker 2: Quidney's on his way. Kellum Hedge fourth in the Indian Necks, 1291 00:59:18,520 --> 00:59:20,480 Speaker 2: which is good because he only just started it this year, 1292 00:59:20,520 --> 00:59:22,520 Speaker 2: so I think he's going extremely well. We get an 1293 00:59:22,560 --> 00:59:24,520 Speaker 2: update for you in a couple of moments after the news, 1294 00:59:24,560 --> 00:59:25,520 Speaker 2: which is next. 1295 00:59:27,320 --> 00:59:30,680 Speaker 1: Setting the news agenda and digging into the issues the 1296 00:59:30,880 --> 00:59:35,640 Speaker 1: Mic Hosking breakfast with Alveda, Retirement Communities, Life Your Way 1297 00:59:35,800 --> 00:59:49,440 Speaker 1: News tog said b. 1298 00:59:43,400 --> 00:59:45,680 Speaker 2: A seven parass looking border catching up with Keller Hedge 1299 00:59:45,960 --> 00:59:47,400 Speaker 2: when he was last year, he was coming off the 1300 00:59:47,440 --> 00:59:49,160 Speaker 2: back of winning the Porsche Career A Cup and being 1301 00:59:49,200 --> 00:59:51,720 Speaker 2: the Formula Regional America's champion, so he headed off to 1302 00:59:51,800 --> 00:59:56,240 Speaker 2: Indy Next the developmental series of course for indyicare halfway 1303 00:59:56,240 --> 00:59:58,640 Speaker 2: through the season. He's currently fourth and he's back for 1304 00:59:58,680 --> 01:00:00,800 Speaker 2: a mid season break, so he is, well, it's very 1305 01:00:00,800 --> 01:00:02,000 Speaker 2: good morning and good to see. 1306 01:00:01,760 --> 01:00:03,280 Speaker 9: You morning, Mike. Thanks for having me on. 1307 01:00:03,360 --> 01:00:04,160 Speaker 2: Are you loving it? 1308 01:00:04,600 --> 01:00:07,640 Speaker 9: Absolutely? As a dream come true to the racing there 1309 01:00:07,720 --> 01:00:11,200 Speaker 9: a part of the big IndyCar circus and going around 1310 01:00:11,200 --> 01:00:12,720 Speaker 9: to all these races and having a blast. 1311 01:00:12,880 --> 01:00:15,480 Speaker 2: Did you know what you were getting into versus what 1312 01:00:15,560 --> 01:00:17,160 Speaker 2: you're experiencing now or not? 1313 01:00:18,000 --> 01:00:22,360 Speaker 9: No, I was very very underprepared, coming from obviously the 1314 01:00:22,400 --> 01:00:26,480 Speaker 9: Porsche background, not being able to do the preseason testing 1315 01:00:26,480 --> 01:00:28,200 Speaker 9: at the start of the year. So I went into 1316 01:00:28,240 --> 01:00:30,880 Speaker 9: the first weekend just kind of like Okay, I don't 1317 01:00:30,960 --> 01:00:35,080 Speaker 9: really know what's to expect here, so you go out learn. 1318 01:00:35,280 --> 01:00:37,880 Speaker 9: Been learning consistently over the course of the year and 1319 01:00:38,000 --> 01:00:40,320 Speaker 9: the results have been getting better and better and better 1320 01:00:40,320 --> 01:00:41,080 Speaker 9: as the year's gone on. 1321 01:00:41,240 --> 01:00:45,520 Speaker 2: Fantastic. So the difference between for people who don't necessarily 1322 01:00:45,560 --> 01:00:48,840 Speaker 2: follow motor racing and a description from yourself. The difference 1323 01:00:48,880 --> 01:00:51,200 Speaker 2: between a production car, even though it's a race car 1324 01:00:51,400 --> 01:00:54,640 Speaker 2: as a Porsche, versus this which is custom built. 1325 01:00:55,000 --> 01:00:55,560 Speaker 3: What is it? 1326 01:00:55,640 --> 01:00:57,280 Speaker 2: How big? Is how big a leap? 1327 01:00:57,520 --> 01:01:01,640 Speaker 9: Well, it's actually surprisingly of like a very very fast car. 1328 01:01:01,960 --> 01:01:04,560 Speaker 9: If you put into perspective, there's only four race cars 1329 01:01:05,000 --> 01:01:06,760 Speaker 9: on the Earth which are actually faster than an Indie 1330 01:01:06,840 --> 01:01:11,560 Speaker 9: lights car, which would be probably a Daytona prototype, a 1331 01:01:11,600 --> 01:01:14,240 Speaker 9: Formula one car, an Indy car, and a super Formula car. 1332 01:01:14,280 --> 01:01:18,840 Speaker 9: Other than that, we're right there. So to get acclimated 1333 01:01:18,880 --> 01:01:21,200 Speaker 9: with a car like that, especially coming from a background 1334 01:01:21,280 --> 01:01:23,320 Speaker 9: with not a lot of single seat experience, has been 1335 01:01:23,400 --> 01:01:25,840 Speaker 9: quite a challenge. And then we go and race on 1336 01:01:25,880 --> 01:01:29,400 Speaker 9: ovals as well. So been learning that new game as well. 1337 01:01:29,560 --> 01:01:31,560 Speaker 2: Oh, I was going to ask. We had Scottie Mack 1338 01:01:31,600 --> 01:01:32,720 Speaker 2: on the program a couple of weeks ago. I a 1339 01:01:32,760 --> 01:01:35,640 Speaker 2: hit of Indy and I watched a lot of I 1340 01:01:35,680 --> 01:01:38,400 Speaker 2: haven't watched a lot of Indie racing, but on that oval, 1341 01:01:39,040 --> 01:01:43,560 Speaker 2: the speed that you do and the line between that 1342 01:01:43,800 --> 01:01:47,520 Speaker 2: in disaster must be so fine. 1343 01:01:47,720 --> 01:01:51,240 Speaker 9: Yeah, well at that speed. I haven't had any moments 1344 01:01:51,360 --> 01:01:54,240 Speaker 9: or anything really on the overlope. Been taking it quite cautious, 1345 01:01:54,320 --> 01:01:57,760 Speaker 9: quite steady, just trying to learn and grow my experience 1346 01:01:57,800 --> 01:01:59,680 Speaker 9: before I really start to push the limits of the 1347 01:01:59,760 --> 01:02:01,840 Speaker 9: car and start to get it a bit loose and 1348 01:02:01,880 --> 01:02:06,120 Speaker 9: really free. But I do feel that as soon as 1349 01:02:06,120 --> 01:02:08,760 Speaker 9: you it gets away from me slightly and that speed, 1350 01:02:09,200 --> 01:02:11,680 Speaker 9: there is no coming back from her. You just go 1351 01:02:11,760 --> 01:02:13,800 Speaker 9: in the wall. You don't really have any other option. 1352 01:02:14,160 --> 01:02:17,560 Speaker 2: Exactly what are their expectations of you? Do they say? Look, 1353 01:02:18,200 --> 01:02:20,040 Speaker 2: you know, we know you'll hit the speed, or you'll 1354 01:02:20,080 --> 01:02:22,480 Speaker 2: do this, or we think you'll come fifth, or you're 1355 01:02:22,520 --> 01:02:25,440 Speaker 2: still there? What do they tell you for the Oval? 1356 01:02:25,760 --> 01:02:28,000 Speaker 9: I don't really think there was any expectation or any 1357 01:02:28,000 --> 01:02:30,360 Speaker 9: pressure on me to perform. I think at the start 1358 01:02:30,400 --> 01:02:32,400 Speaker 9: of the year for the for the road courses was 1359 01:02:32,480 --> 01:02:35,440 Speaker 9: very similar. Just trying to go out learn and do 1360 01:02:35,520 --> 01:02:38,720 Speaker 9: all my learning on a race weekend was really really challenging. 1361 01:02:38,840 --> 01:02:41,200 Speaker 9: So to get the good results we had and then 1362 01:02:41,240 --> 01:02:44,080 Speaker 9: go into an oval. I actually found it easier than 1363 01:02:44,120 --> 01:02:47,440 Speaker 9: I did learning the road course because I didn't have 1364 01:02:47,480 --> 01:02:50,520 Speaker 9: any bad habits from driving other cars that I had before. 1365 01:02:50,600 --> 01:02:53,480 Speaker 9: So I went out. I did my first test day, 1366 01:02:53,480 --> 01:02:56,760 Speaker 9: which I kind of sucked, but I needed this. I 1367 01:02:56,800 --> 01:02:59,360 Speaker 9: needed this piece of trim on my helmet to stop 1368 01:02:59,360 --> 01:03:01,760 Speaker 9: my head from lifting up, so I was actually looking 1369 01:03:01,800 --> 01:03:04,040 Speaker 9: at the sky before I was turning in. So I 1370 01:03:04,080 --> 01:03:06,959 Speaker 9: went to the next one with this, with this piece 1371 01:03:06,960 --> 01:03:09,760 Speaker 9: of trim on my helmet, and I watched the guy 1372 01:03:09,800 --> 01:03:12,560 Speaker 9: from last year and I said, Okay, if this guy 1373 01:03:12,680 --> 01:03:14,400 Speaker 9: can do it, I'll just go and do exactly that. 1374 01:03:15,000 --> 01:03:16,000 Speaker 9: And that's how it was. 1375 01:03:16,160 --> 01:03:19,080 Speaker 2: And there it was. What I like about is you 1376 01:03:19,160 --> 01:03:21,480 Speaker 2: do you do track oval and of course road. Do 1377 01:03:21,760 --> 01:03:23,680 Speaker 2: you favor one over the other? Does it matter or not? 1378 01:03:24,160 --> 01:03:24,240 Speaker 3: No? 1379 01:03:24,320 --> 01:03:27,160 Speaker 9: I didn't think so. I actually probably had some of 1380 01:03:27,200 --> 01:03:29,080 Speaker 9: the most fun I've ever had in a race car. 1381 01:03:29,320 --> 01:03:32,280 Speaker 9: Doing the Iowa race about three weeks ago was really 1382 01:03:32,320 --> 01:03:32,960 Speaker 9: really awesome. 1383 01:03:33,520 --> 01:03:36,439 Speaker 2: How sophisticated are the cars themselves in terms of tech 1384 01:03:36,480 --> 01:03:37,560 Speaker 2: and speed and all that. 1385 01:03:39,760 --> 01:03:43,040 Speaker 9: Quite quite sophisticated in some ways, but also in other 1386 01:03:43,080 --> 01:03:47,520 Speaker 9: ways not as much like the aerodynamics package is. There's 1387 01:03:47,640 --> 01:03:52,640 Speaker 9: really really big wings, lots of power. The floor isn't 1388 01:03:52,720 --> 01:03:57,040 Speaker 9: very powerful, but there's a lot of power. That's probably 1389 01:03:57,080 --> 01:03:59,240 Speaker 9: the biggest thing to get get used to. It's got 1390 01:03:59,240 --> 01:04:02,560 Speaker 9: five hundred horse and ways about six hundred kilos. It's 1391 01:04:02,560 --> 01:04:06,640 Speaker 9: a really really grunty car and you've got big tires. 1392 01:04:06,840 --> 01:04:07,880 Speaker 9: There's a lot to learn with it. 1393 01:04:08,120 --> 01:04:11,360 Speaker 2: How limited by budget are you in terms of tie 1394 01:04:11,560 --> 01:04:14,560 Speaker 2: usage and you know, spear parts and new engines and 1395 01:04:14,600 --> 01:04:14,920 Speaker 2: all that. 1396 01:04:16,200 --> 01:04:19,640 Speaker 9: Yeah, budget's been tight for us all year. We've been 1397 01:04:19,680 --> 01:04:22,600 Speaker 9: really scraping the barrel trying to make our way through 1398 01:04:22,600 --> 01:04:25,320 Speaker 9: the season. But we've been going really well where I've 1399 01:04:25,360 --> 01:04:28,080 Speaker 9: been really fortunate to have the support of Honda, the 1400 01:04:28,160 --> 01:04:31,680 Speaker 9: Tony Quinn Foundation, Giltrap Group, and a whole bunch of 1401 01:04:31,720 --> 01:04:33,760 Speaker 9: other people that have come on board to help me out, 1402 01:04:33,840 --> 01:04:36,560 Speaker 9: especially Steve Horn as well. I know he's listening right now. 1403 01:04:37,240 --> 01:04:40,080 Speaker 9: So thank you to everyone that's got me here. Yeah, 1404 01:04:40,120 --> 01:04:41,480 Speaker 9: it's been an absolute. 1405 01:04:41,040 --> 01:04:45,720 Speaker 2: Blast, fantastic. So the team itself explain who they are, 1406 01:04:45,880 --> 01:04:48,440 Speaker 2: how good they are, and where they project themselves to be. 1407 01:04:48,760 --> 01:04:52,000 Speaker 9: So HMD Motorsports is the team I'm driving for. They're 1408 01:04:52,720 --> 01:04:56,800 Speaker 9: relatively new and into the whole motor racing scene that 1409 01:04:56,960 --> 01:05:00,200 Speaker 9: come on, come about about five or six years go 1410 01:05:00,320 --> 01:05:04,200 Speaker 9: with the with their now IndyCar driver David Malucas so 1411 01:05:04,280 --> 01:05:08,000 Speaker 9: his father Henry owns it owns the team gave them 1412 01:05:08,000 --> 01:05:10,560 Speaker 9: a little bit of money to start up, and ever 1413 01:05:10,600 --> 01:05:14,160 Speaker 9: since then, the guys at the top, Mike Marini, Henry 1414 01:05:15,240 --> 01:05:18,480 Speaker 9: aj and Luke Valley, they've all put together a really 1415 01:05:18,480 --> 01:05:21,840 Speaker 9: good package, got a big new shop and ended up 1416 01:05:21,840 --> 01:05:22,840 Speaker 9: with ten cars in Indie. 1417 01:05:22,840 --> 01:05:25,880 Speaker 2: Next Wow, So where do you are you with the team? 1418 01:05:25,920 --> 01:05:28,000 Speaker 2: Do you stay with the team or you don't know? 1419 01:05:28,360 --> 01:05:31,040 Speaker 2: Where do they go next year? They don't know? Is 1420 01:05:31,080 --> 01:05:31,640 Speaker 2: there a plan? 1421 01:05:32,280 --> 01:05:32,480 Speaker 22: Yeah? 1422 01:05:32,600 --> 01:05:35,000 Speaker 9: So I guess their their goal is to get an 1423 01:05:35,040 --> 01:05:38,560 Speaker 9: IndyCar team. For me, like they they really want an 1424 01:05:38,560 --> 01:05:41,560 Speaker 9: IndyCar team. They've got the people to do it. They've 1425 01:05:41,600 --> 01:05:44,520 Speaker 9: got the expertise, they've got the brains to do it, 1426 01:05:45,120 --> 01:05:47,520 Speaker 9: and they've got the facility to do it as well. 1427 01:05:48,080 --> 01:05:50,880 Speaker 9: And I do think that should they get an opportunity 1428 01:05:50,920 --> 01:05:53,400 Speaker 9: to go IndyCar racing, they'd be able to do do 1429 01:05:53,520 --> 01:05:54,200 Speaker 9: really great things. 1430 01:05:54,440 --> 01:05:56,000 Speaker 2: Right currently, your fourth we'll have a look at some 1431 01:05:56,040 --> 01:05:57,480 Speaker 2: of your results and see where you're going for the 1432 01:05:57,480 --> 01:05:59,520 Speaker 2: rest of the season. In the moment, Kelvim Hetret's thirteen 1433 01:05:59,520 --> 01:06:00,120 Speaker 2: past eight. 1434 01:06:01,880 --> 01:06:03,920 Speaker 3: The Mike Hosking breakfast a. 1435 01:06:03,920 --> 01:06:05,920 Speaker 2: Sixteen past day Killum here is with a season the 1436 01:06:05,920 --> 01:06:07,520 Speaker 2: break He's got four races to go. You've done a 1437 01:06:07,520 --> 01:06:10,120 Speaker 2: bunch of races you've done. I don't want to dwell 1438 01:06:10,120 --> 01:06:11,560 Speaker 2: on this, but you've come fourth a lot. 1439 01:06:12,000 --> 01:06:14,680 Speaker 9: Yeah, I know, tell me. 1440 01:06:14,640 --> 01:06:18,320 Speaker 2: About it is I mean, obviously fourth is better than fifth, 1441 01:06:18,360 --> 01:06:19,760 Speaker 2: but it's not as good as third. 1442 01:06:19,840 --> 01:06:20,080 Speaker 3: Is it? 1443 01:06:20,480 --> 01:06:21,240 Speaker 2: Like the podium? 1444 01:06:21,400 --> 01:06:21,480 Speaker 19: No. 1445 01:06:22,280 --> 01:06:25,240 Speaker 9: I had a little taste of the podium at Detroit 1446 01:06:25,320 --> 01:06:29,880 Speaker 9: and it wasn't enough. I want more than that. I'm 1447 01:06:29,880 --> 01:06:33,320 Speaker 9: really not content with coming third and fourth. For me, 1448 01:06:33,440 --> 01:06:35,640 Speaker 9: the goal is to go out there and be fighting 1449 01:06:35,680 --> 01:06:36,120 Speaker 9: for wins. 1450 01:06:36,480 --> 01:06:38,920 Speaker 2: How much of it is on the day luck. So 1451 01:06:39,040 --> 01:06:41,560 Speaker 2: I look at some of your results, So you're fourth overall, 1452 01:06:41,680 --> 01:06:43,000 Speaker 2: I mean, you've got to be pleased with that for 1453 01:06:43,040 --> 01:06:43,560 Speaker 2: a start. 1454 01:06:43,880 --> 01:06:48,840 Speaker 9: Yeah, I think that's kind of exactly where I expected 1455 01:06:48,840 --> 01:06:51,360 Speaker 9: myself to be. I didn't expect to be fighting for 1456 01:06:51,400 --> 01:06:54,000 Speaker 9: the championship. I was an experience compared to the guys 1457 01:06:54,000 --> 01:06:56,560 Speaker 9: ahead of me, had a lot to learn, had a 1458 01:06:56,560 --> 01:07:01,120 Speaker 9: lot to develop, both on and off the track. But fourth, 1459 01:07:01,160 --> 01:07:02,920 Speaker 9: I'm relatively pleased. 1460 01:07:02,640 --> 01:07:06,240 Speaker 2: With how many people that you race have raced there before. 1461 01:07:06,280 --> 01:07:08,560 Speaker 2: Therefore are veterans, if you like business, guys like you 1462 01:07:08,640 --> 01:07:09,560 Speaker 2: were in their first season. 1463 01:07:10,440 --> 01:07:12,760 Speaker 9: So there's there's quite a lot of rookies in the 1464 01:07:12,920 --> 01:07:14,680 Speaker 9: in the championship this year, but a lot of them 1465 01:07:14,760 --> 01:07:18,080 Speaker 9: have a lot more experience than a single seedar so 1466 01:07:18,480 --> 01:07:21,120 Speaker 9: they have the full what was called the Road to 1467 01:07:21,160 --> 01:07:24,680 Speaker 9: Indie program which is now USF Pro Championships, which young 1468 01:07:24,720 --> 01:07:28,000 Speaker 9: limb Skeets and a couple other Kibi guys have come through, 1469 01:07:28,720 --> 01:07:32,479 Speaker 9: so that program can last four or five or six years. 1470 01:07:32,520 --> 01:07:34,840 Speaker 9: Even so, some of the guys might be coming into 1471 01:07:34,840 --> 01:07:37,360 Speaker 9: their first Indie next season, but have raced in this 1472 01:07:37,520 --> 01:07:40,320 Speaker 9: paddock and on these tracks four or five years already. 1473 01:07:40,400 --> 01:07:43,360 Speaker 9: So to come in and try and catch up my 1474 01:07:43,440 --> 01:07:44,680 Speaker 9: learning has been really difficult. 1475 01:07:44,720 --> 01:07:47,760 Speaker 2: Okay, four races remain in the season for you. Can 1476 01:07:47,800 --> 01:07:51,360 Speaker 2: you do much with your fourth place with good results 1477 01:07:51,440 --> 01:07:52,360 Speaker 2: in those four races? 1478 01:07:53,200 --> 01:07:57,200 Speaker 9: I think so, I think with if the overs continue 1479 01:07:57,240 --> 01:07:58,960 Speaker 9: to go the way they do, I'd really like to 1480 01:07:59,000 --> 01:08:03,919 Speaker 9: put some pressure on Collette and third, he's he's quite 1481 01:08:03,920 --> 01:08:05,720 Speaker 9: a fair few points ahead of me. But if I 1482 01:08:05,760 --> 01:08:07,640 Speaker 9: can put some pressure on him. Towards the end of 1483 01:08:07,640 --> 01:08:10,360 Speaker 9: the year, maybe I'll be able to close that gap 1484 01:08:10,400 --> 01:08:11,919 Speaker 9: down and get the Rookie of the Year. 1485 01:08:12,000 --> 01:08:14,240 Speaker 2: But the gap to the. 1486 01:08:14,320 --> 01:08:17,280 Speaker 9: Other cars behind me is fairly comfortable. So the goal 1487 01:08:17,360 --> 01:08:20,120 Speaker 9: is to definitely consolidate fourth and try and put some 1488 01:08:20,160 --> 01:08:21,439 Speaker 9: pressure on those guys in front. 1489 01:08:21,600 --> 01:08:23,720 Speaker 2: What about the other guys Scotty Mack and Dixon and 1490 01:08:23,880 --> 01:08:28,320 Speaker 2: Armstrong and I mean it's the paddock is festooned with 1491 01:08:28,479 --> 01:08:30,599 Speaker 2: Keiweis these days, isn't it. Do you run into them 1492 01:08:30,640 --> 01:08:31,240 Speaker 2: a lot or not? 1493 01:08:31,600 --> 01:08:35,760 Speaker 9: You see Key, He's everywhere in this paddock, So it's 1494 01:08:35,800 --> 01:08:38,719 Speaker 9: quite cool to go around and rub shoulders with guys 1495 01:08:38,840 --> 01:08:41,200 Speaker 9: that are from where I'm from and have been there 1496 01:08:41,240 --> 01:08:43,040 Speaker 9: for ten twenty years. 1497 01:08:43,280 --> 01:08:44,960 Speaker 2: I saw on a documentary not so long ago. I 1498 01:08:45,040 --> 01:08:47,200 Speaker 2: can't remember where, but it was on Indy and the 1499 01:08:47,280 --> 01:08:49,639 Speaker 2: number of New Zealanders behind the scenes that we wouldn't 1500 01:08:50,240 --> 01:08:52,240 Speaker 2: realize aren't using it. It's extraordinary. 1501 01:08:52,280 --> 01:08:57,400 Speaker 9: How many news not just drivers, pitt crew engineers, people 1502 01:08:57,439 --> 01:09:00,439 Speaker 9: that are living in Indy who did some indiecar stuff 1503 01:09:00,479 --> 01:09:03,920 Speaker 9: and started up a life there and never came back 1504 01:09:03,920 --> 01:09:04,240 Speaker 9: in the end. 1505 01:09:04,439 --> 01:09:07,040 Speaker 2: Fantastic. So do you write they are they helpful as 1506 01:09:07,040 --> 01:09:09,240 Speaker 2: what I'm asking you know, Dixon, Scottie, Mac and stuff. 1507 01:09:09,439 --> 01:09:13,200 Speaker 9: I haven't really asked too much advice from any of them. 1508 01:09:13,320 --> 01:09:15,320 Speaker 9: I tell a funny story like I was telling you 1509 01:09:15,400 --> 01:09:17,559 Speaker 9: just before I met my racing one of my racing 1510 01:09:17,600 --> 01:09:20,400 Speaker 9: heroes Scott Dixon and im Andy's while I was in 1511 01:09:20,439 --> 01:09:23,000 Speaker 9: the ice bath at Pittford Training, which is where a 1512 01:09:23,000 --> 01:09:25,160 Speaker 9: lot of the Indy Cars and Indy Next guys train. 1513 01:09:26,000 --> 01:09:29,599 Speaker 9: So it's cool to be in there doing similar all 1514 01:09:29,640 --> 01:09:32,040 Speaker 9: the same workouts as they are and been able to 1515 01:09:32,080 --> 01:09:33,400 Speaker 9: benchmark myself against them. 1516 01:09:33,479 --> 01:09:35,439 Speaker 2: Fantastic that you never get used to an ice bath, 1517 01:09:35,479 --> 01:09:36,240 Speaker 2: do you? 1518 01:09:36,320 --> 01:09:39,400 Speaker 9: No, never gets better, That's so true. 1519 01:09:39,560 --> 01:09:41,599 Speaker 2: So you're not sure you finish off the season, you're 1520 01:09:41,640 --> 01:09:43,800 Speaker 2: not sure what next season holds for you yet, or 1521 01:09:43,840 --> 01:09:44,280 Speaker 2: you do. 1522 01:09:45,720 --> 01:09:45,920 Speaker 3: Well. 1523 01:09:45,920 --> 01:09:48,120 Speaker 9: For me, the goal is to try and come back 1524 01:09:48,160 --> 01:09:51,320 Speaker 9: to Indy Next and race with HMD Motorsports again. For me, 1525 01:09:51,400 --> 01:09:53,600 Speaker 9: that that's a big thing is to be able to 1526 01:09:53,600 --> 01:09:55,679 Speaker 9: come back in year two. Not a lot of guys 1527 01:09:55,680 --> 01:09:58,559 Speaker 9: have managed to come through in year one and actually 1528 01:09:58,560 --> 01:10:01,840 Speaker 9: put together a championship run, and for me it was 1529 01:10:01,920 --> 01:10:03,719 Speaker 9: it was no different. I had a lot to learn, 1530 01:10:03,920 --> 01:10:07,559 Speaker 9: a lot to develop or the testing that I missed 1531 01:10:07,560 --> 01:10:08,800 Speaker 9: at the start of the year. I'll be able to 1532 01:10:08,800 --> 01:10:12,560 Speaker 9: build on my season, hopefully get a slightly better preseason 1533 01:10:12,800 --> 01:10:14,040 Speaker 9: and come out swinging next year. 1534 01:10:14,040 --> 01:10:15,760 Speaker 2: Because that was it was append of scientist. Was it 1535 01:10:15,760 --> 01:10:16,240 Speaker 2: was appendix? 1536 01:10:16,360 --> 01:10:16,559 Speaker 19: Was it? 1537 01:10:16,800 --> 01:10:16,960 Speaker 3: Yeah? 1538 01:10:17,000 --> 01:10:18,240 Speaker 9: Yeah, his appendix and. 1539 01:10:18,160 --> 01:10:20,320 Speaker 2: That that that caused your problems. Did you see the 1540 01:10:20,400 --> 01:10:25,200 Speaker 2: F one yesterday? George Russell? Tell me he got he 1541 01:10:25,280 --> 01:10:28,640 Speaker 2: got the position taken away. He won the race, right, yeah, 1542 01:10:28,680 --> 01:10:30,800 Speaker 2: he got the position taken away because the car came 1543 01:10:30,840 --> 01:10:34,000 Speaker 2: in underweight. Put yourself in that position for a moment. 1544 01:10:34,040 --> 01:10:36,400 Speaker 2: You've just won the race. It's the greatest race of 1545 01:10:36,439 --> 01:10:39,080 Speaker 2: your life. You've just won it. They weighed the car 1546 01:10:39,080 --> 01:10:41,160 Speaker 2: and it's underweight. What do you do? 1547 01:10:41,320 --> 01:10:42,120 Speaker 9: Not a lot you can do. 1548 01:10:43,360 --> 01:10:44,920 Speaker 2: I'd pack a sad I. 1549 01:10:44,920 --> 01:10:48,200 Speaker 9: Would I would be pretty pretty grumpy, but it is. 1550 01:10:48,479 --> 01:10:49,840 Speaker 9: There's nothing really you can do. 1551 01:10:50,000 --> 01:10:51,000 Speaker 2: It is what it istimes. 1552 01:10:51,040 --> 01:10:51,800 Speaker 9: That's just how it is. 1553 01:10:52,600 --> 01:10:55,280 Speaker 2: Good luck with the final four races. You love America. 1554 01:10:55,320 --> 01:10:56,720 Speaker 2: By the way, you're enjoying America. 1555 01:10:57,200 --> 01:10:59,559 Speaker 9: America has been a blast. You get to see so 1556 01:10:59,680 --> 01:11:02,439 Speaker 9: much stuff that you wouldn't be able to see back 1557 01:11:02,479 --> 01:11:05,439 Speaker 9: home in New Zealand. It's so different. But I think 1558 01:11:05,479 --> 01:11:07,200 Speaker 9: the first time I saw a beach in the last 1559 01:11:07,200 --> 01:11:12,400 Speaker 9: three months was in New Zealand. Here so as Vera 1560 01:11:12,439 --> 01:11:15,439 Speaker 9: Clyde and adjustment, but loving it over there, love in 1561 01:11:15,479 --> 01:11:16,880 Speaker 9: the place, love in the racing. 1562 01:11:17,040 --> 01:11:18,920 Speaker 2: Good well, lovely to catch up with your good luck 1563 01:11:18,960 --> 01:11:20,040 Speaker 2: for the rest of the season. We'll get you in 1564 01:11:20,120 --> 01:11:22,680 Speaker 2: again soon, Jess. Make good to see Kellum Hedge. It's 1565 01:11:22,680 --> 01:11:26,000 Speaker 2: a twenty one the mic Hosking Breakfast. 1566 01:11:25,960 --> 01:11:28,519 Speaker 3: It's with Bailey's Real Estate News Talk Sippy. 1567 01:11:29,280 --> 01:11:31,240 Speaker 2: Now, if you're in business, you know it's all about 1568 01:11:31,240 --> 01:11:33,400 Speaker 2: the money and if customers can't find you, you are 1569 01:11:33,439 --> 01:11:35,880 Speaker 2: not making money. So this is where Speedy Signs come in. 1570 01:11:35,880 --> 01:11:39,559 Speaker 2: They're in the business of helping customers find you with clear, 1571 01:11:39,560 --> 01:11:43,280 Speaker 2: standout signage and they will basically signage you can't miss 1572 01:11:43,560 --> 01:11:46,080 Speaker 2: and if they miss it, you miss out on business, 1573 01:11:46,120 --> 01:11:47,840 Speaker 2: which is not what business is all about. So they 1574 01:11:47,840 --> 01:11:51,160 Speaker 2: take care of everything basically from advice on the type 1575 01:11:51,160 --> 01:11:54,559 Speaker 2: of signage, to design, to artwork to installation. If you're replacing, 1576 01:11:54,680 --> 01:11:57,000 Speaker 2: by the way old signage with new, they'll get that 1577 01:11:57,080 --> 01:11:59,120 Speaker 2: all done at once so your business won't be left 1578 01:11:59,120 --> 01:12:01,439 Speaker 2: beer and empty of custom. Speedy Signs also are the 1579 01:12:01,479 --> 01:12:05,000 Speaker 2: complete sign experts, with nearly thirty locations around the country 1580 01:12:05,040 --> 01:12:07,960 Speaker 2: over twenty five years experience behind them. They've outfitted the cafes, 1581 01:12:08,000 --> 01:12:11,599 Speaker 2: the shops, the bathroom, plumbing centers all over the country 1582 01:12:11,880 --> 01:12:15,080 Speaker 2: and make your business visible. Basically, they've helped keep businesses 1583 01:12:15,160 --> 01:12:18,320 Speaker 2: visible at events and promotions. They even keep them running 1584 01:12:18,320 --> 01:12:20,439 Speaker 2: on the road with vehicle wraps. They do the graphics 1585 01:12:20,479 --> 01:12:22,599 Speaker 2: there as well, So keep your business running with signage 1586 01:12:22,640 --> 01:12:25,200 Speaker 2: from Speedy Signs. They do it all. Oh eight hundred speedy, 1587 01:12:25,240 --> 01:12:27,840 Speaker 2: Oh eight hundred speedy. If you want to see a 1588 01:12:27,880 --> 01:12:29,160 Speaker 2: bit of the work and what they're all about, go 1589 01:12:29,240 --> 01:12:32,000 Speaker 2: to Speedy Signs. That's one word, Speedy Signs, dot co, 1590 01:12:32,200 --> 01:12:36,120 Speaker 2: dot m ZSKI. Greaties, good guys. Nickellum here. I hope 1591 01:12:36,120 --> 01:12:38,160 Speaker 2: he does well for the rest of the season. Living 1592 01:12:38,200 --> 01:12:40,559 Speaker 2: your dream getting out in newse New Zealander is getting 1593 01:12:40,560 --> 01:12:42,000 Speaker 2: out in the world and living their dream. You can't 1594 01:12:42,040 --> 01:12:45,920 Speaker 2: beat it. The latest three year cruise is running two 1595 01:12:45,960 --> 01:12:49,240 Speaker 2: months late. This is a model that hasn't worked. So 1596 01:12:49,320 --> 01:12:51,760 Speaker 2: these are the cruise ships they've launched. Somebody came up 1597 01:12:51,760 --> 01:12:53,360 Speaker 2: with an idea a number of years ago and they said, 1598 01:12:53,360 --> 01:12:54,800 Speaker 2: what do we put a boat out on the water 1599 01:12:54,920 --> 01:12:57,200 Speaker 2: and people will buy it and they'll basically spend the 1600 01:12:57,200 --> 01:12:59,519 Speaker 2: rest of their lives just going run around the world. 1601 01:13:00,200 --> 01:13:02,600 Speaker 21: I blew all my savings on that lifetime one, and 1602 01:13:03,000 --> 01:13:05,439 Speaker 21: that never happened exactly, and I've just saved enough for 1603 01:13:05,479 --> 01:13:06,240 Speaker 21: this three year one. 1604 01:13:06,280 --> 01:13:08,160 Speaker 2: Well the three year ones two months late. But they 1605 01:13:08,200 --> 01:13:11,040 Speaker 2: do think they will go by the end of this month, 1606 01:13:11,080 --> 01:13:15,519 Speaker 2: as in a couple of days time. This isn't Belfast. 1607 01:13:15,520 --> 01:13:18,720 Speaker 2: But here's my problem. It's called First of all, it's 1608 01:13:18,720 --> 01:13:24,599 Speaker 2: called Villavilleces, so small clue anyone who goes and calls 1609 01:13:24,600 --> 01:13:27,759 Speaker 2: them villavis watch out. 1610 01:13:27,600 --> 01:13:28,720 Speaker 21: For did they come up with that name? 1611 01:13:28,760 --> 01:13:33,959 Speaker 2: It happier stuck in Belfast. Here's my problem with these cruises. 1612 01:13:34,800 --> 01:13:37,960 Speaker 2: The boat looks crap. It's not one of those you know, 1613 01:13:38,000 --> 01:13:40,519 Speaker 2: the modern cruise ship that you whether you like cruising 1614 01:13:40,600 --> 01:13:42,639 Speaker 2: or not. I hate cruising. But if you look at 1615 01:13:42,800 --> 01:13:46,240 Speaker 2: the modern cruise ship, it's gargantuan. It looks like a 1616 01:13:46,240 --> 01:13:49,120 Speaker 2: floating city. There are thousands of people on board, there 1617 01:13:49,120 --> 01:13:51,960 Speaker 2: are thousands of stuff. There are swimming pools and bars 1618 01:13:52,000 --> 01:13:55,920 Speaker 2: and casinos and theaters, and you look like you could 1619 01:13:55,920 --> 01:14:00,200 Speaker 2: potentially entertain yourself literally forever. But this one I'm looking 1620 01:14:00,280 --> 01:14:04,200 Speaker 2: at Villa Via Residences, looks a lot like the inter 1621 01:14:04,360 --> 01:14:07,160 Speaker 2: island theory, and it looks like after about a week 1622 01:14:07,200 --> 01:14:08,920 Speaker 2: to a week and a half you'd go, there's not 1623 01:14:09,040 --> 01:14:11,200 Speaker 2: much else to do on this boat, and I'm stuck 1624 01:14:11,240 --> 01:14:14,000 Speaker 2: here for another two years and eleven months better, I 1625 01:14:14,040 --> 01:14:16,880 Speaker 2: think is part of the problem. The model's wrong news 1626 01:14:16,920 --> 01:14:18,360 Speaker 2: for you. In a couple of moments. Then we will 1627 01:14:18,360 --> 01:14:21,160 Speaker 2: get into Kay and Rod Little. 1628 01:14:22,560 --> 01:14:27,400 Speaker 1: You're Trusted Home the News for Entertainments Opinion and Mike 1629 01:14:27,439 --> 01:14:31,439 Speaker 1: Hosking Breakfast with Jaguar, The Art of Performance News Talks. 1630 01:14:31,439 --> 01:14:33,680 Speaker 2: He'd be twenty three minutes away from nine, the the 1631 01:14:33,680 --> 01:14:36,720 Speaker 2: big talking point in Britain overnight as there stabbing. We'll 1632 01:14:36,720 --> 01:14:38,240 Speaker 2: get to rodin just a couple of moments with some 1633 01:14:38,240 --> 01:14:40,360 Speaker 2: of the final details. Here's a witness to it though. 1634 01:14:40,280 --> 01:14:42,799 Speaker 8: Hi, John, I'm any girls were left in that building 1635 01:14:42,840 --> 01:14:45,800 Speaker 8: he was still in and I thought, I'm just gonna 1636 01:14:45,840 --> 01:14:51,960 Speaker 8: kill him. All a nightmare, the biggest horrific thing you 1637 01:14:52,040 --> 01:14:54,760 Speaker 8: could have a witness on your life, seeing that the 1638 01:14:54,880 --> 01:14:57,920 Speaker 8: kids like that, and the parents come in and cry 1639 01:14:58,040 --> 01:14:59,000 Speaker 8: and scream, and. 1640 01:14:59,439 --> 01:15:02,760 Speaker 2: So to de nine injured. Serena Kennedy is with the 1641 01:15:02,800 --> 01:15:03,920 Speaker 2: Merseyside Police. 1642 01:15:04,280 --> 01:15:07,080 Speaker 23: My offices were called to reports of a stabbing at 1643 01:15:07,080 --> 01:15:10,800 Speaker 23: eleven forty seven this morning and at address in Southport. 1644 01:15:12,120 --> 01:15:15,439 Speaker 23: When they arrived, they were shocked to find that multiple people, 1645 01:15:15,960 --> 01:15:18,519 Speaker 23: many of whom were children, had been subjected to a 1646 01:15:18,560 --> 01:15:24,400 Speaker 23: ferocious attack and had suffered serious injuries. It is understood 1647 01:15:24,439 --> 01:15:27,000 Speaker 23: that the children were attending a Taylor Swift event at 1648 01:15:27,000 --> 01:15:30,479 Speaker 23: a dance school when the offender, armed with a knife, 1649 01:15:30,680 --> 01:15:34,080 Speaker 23: walked into the premises and started to attack inside. 1650 01:15:34,760 --> 01:15:38,760 Speaker 15: International correspondence with Insurn Eye Insurance, Peace of mind for 1651 01:15:38,800 --> 01:15:39,679 Speaker 15: New Zealand business. 1652 01:15:39,680 --> 01:15:41,439 Speaker 2: Here's twenty two minutes A wife and mine. Let's get 1653 01:15:41,439 --> 01:15:42,559 Speaker 2: a brook Rod morning to you. 1654 01:15:42,680 --> 01:15:43,639 Speaker 12: Yeah, good morning tune. 1655 01:15:43,960 --> 01:15:45,840 Speaker 2: Give us the update on the stabbing. I mean, I 1656 01:15:45,880 --> 01:15:47,160 Speaker 2: know they've got a seventeen year old. 1657 01:15:47,200 --> 01:15:50,240 Speaker 12: Do we have any sort of motive love whatsoever? So 1658 01:15:50,479 --> 01:15:56,439 Speaker 12: far need to say, rumors are flying around on social media. Lastly, 1659 01:15:56,479 --> 01:15:59,879 Speaker 12: because has been given. No background has been given about 1660 01:16:00,160 --> 01:16:03,080 Speaker 12: the seventeen year old in question, and that always gets 1661 01:16:03,160 --> 01:16:07,160 Speaker 12: tongues wagging. That being said, the last there was an 1662 01:16:07,200 --> 01:16:09,280 Speaker 12: incident a little bit like this, which was a couple 1663 01:16:09,320 --> 01:16:11,560 Speaker 12: of weeks ago, though by no means as serious as this. 1664 01:16:12,760 --> 01:16:14,920 Speaker 12: It turned out that it was a member of the 1665 01:16:15,000 --> 01:16:21,000 Speaker 12: Roma community and that was in Leeds this time. It's 1666 01:16:21,040 --> 01:16:24,680 Speaker 12: difficult to know. These were kids. I mean they weren't teenagers. 1667 01:16:24,720 --> 01:16:27,920 Speaker 12: They were six to ten year olds. And two of 1668 01:16:27,960 --> 01:16:30,439 Speaker 12: them are dead, nine of them are injured, six are 1669 01:16:30,439 --> 01:16:34,200 Speaker 12: in a critical condition. The police say it was a 1670 01:16:34,200 --> 01:16:38,599 Speaker 12: ferocious attack. There was a Taylor Swift Them dance workshop 1671 01:16:38,640 --> 01:16:44,160 Speaker 12: in Southport, which is a posh suburb of Liverpool, and 1672 01:16:44,800 --> 01:16:48,559 Speaker 12: no indication whatsoever as to what the motive might have been. 1673 01:16:48,600 --> 01:16:51,320 Speaker 12: A couple of parents who were there watching their kids 1674 01:16:51,360 --> 01:16:54,519 Speaker 12: are also injured, and they're also in hospital. It's just 1675 01:16:54,560 --> 01:16:58,400 Speaker 12: a grotesque and horrible event, but one which we're kind 1676 01:16:58,439 --> 01:17:01,559 Speaker 12: of becoming increasingly used to in this country, much as 1677 01:17:01,560 --> 01:17:04,160 Speaker 12: the Americans became the houstern in their country. Of course. 1678 01:17:04,320 --> 01:17:09,400 Speaker 2: Yeah, it's shocking. Rachel reeves the twenty eight and twenty 1679 01:17:09,400 --> 01:17:12,960 Speaker 2: eight billion dollars in terms of a whole how much 1680 01:17:13,040 --> 01:17:14,320 Speaker 2: Just let me ask you this before we get to 1681 01:17:14,400 --> 01:17:17,040 Speaker 2: the crunchy of the numbers. How much of this beck 1682 01:17:17,080 --> 01:17:19,559 Speaker 2: and forward is going on between labor. Oh my god, 1683 01:17:19,680 --> 01:17:22,679 Speaker 2: I didn't realize how bad it was. Those Tories are dreadful. 1684 01:17:22,720 --> 01:17:24,400 Speaker 2: They've lift us as a disaster and we're going to 1685 01:17:24,400 --> 01:17:26,840 Speaker 2: have to do something. At how much of BET's going on, Well. 1686 01:17:26,800 --> 01:17:28,639 Speaker 12: Quite a lot of it. It's a little bit cheap. 1687 01:17:29,120 --> 01:17:33,320 Speaker 12: Despite the extraordinary good will with which I think most 1688 01:17:33,320 --> 01:17:38,000 Speaker 12: people currently need the present government, the new government, they 1689 01:17:38,080 --> 01:17:42,840 Speaker 12: do have a tailwind. They have a lot of kind 1690 01:17:42,840 --> 01:17:47,519 Speaker 12: of relief that we're out of that eternal circle of 1691 01:17:47,720 --> 01:17:52,240 Speaker 12: competence with the Tories. And I suppose I think they 1692 01:17:52,320 --> 01:17:54,880 Speaker 12: get away with it thinking that well, yes, that's exactly 1693 01:17:54,960 --> 01:17:57,479 Speaker 12: what we'd expect the Tories to have done. I'm not 1694 01:17:57,520 --> 01:18:01,160 Speaker 12: so sure about this, and I think she may be 1695 01:18:01,280 --> 01:18:05,200 Speaker 12: caught out at some point by the by the various 1696 01:18:05,520 --> 01:18:08,720 Speaker 12: budget overseers and so on, because I think there is 1697 01:18:08,760 --> 01:18:12,000 Speaker 12: a there is a problem lead to blead the Tories 1698 01:18:12,040 --> 01:18:17,120 Speaker 12: for announcing schemes and basically cutting and running. That being said, 1699 01:18:17,920 --> 01:18:21,479 Speaker 12: it's pretty much with one exception a Tory budget which 1700 01:18:21,640 --> 01:18:28,360 Speaker 12: is an It is quite remarkable that it took a 1701 01:18:29,000 --> 01:18:34,479 Speaker 12: labor government which soon they mean cuts the winter fuel 1702 01:18:34,520 --> 01:18:39,760 Speaker 12: payments for the elderly. That is quite remarkable and it 1703 01:18:39,840 --> 01:18:46,760 Speaker 12: shows firstly how far which has a fiscal levers and 1704 01:18:46,920 --> 01:18:52,360 Speaker 12: technically that they feel they can take these what will 1705 01:18:52,400 --> 01:18:56,800 Speaker 12: be very very unpleasant decisions and very unpopular decisions and 1706 01:18:56,920 --> 01:18:58,800 Speaker 12: get away with it because it got five more years 1707 01:18:58,840 --> 01:19:00,760 Speaker 12: to go and a majority of you know, two hundred 1708 01:19:00,840 --> 01:19:05,680 Speaker 12: or whatever. So I think there's a will. What will 1709 01:19:05,840 --> 01:19:10,400 Speaker 12: might get more hackles risen. It's the twenty two percent 1710 01:19:10,479 --> 01:19:14,320 Speaker 12: pay rise to young doctors. It was obviously crucial for 1711 01:19:14,400 --> 01:19:17,439 Speaker 12: this Lib government, but they weren't going to suffer the 1712 01:19:17,520 --> 01:19:23,639 Speaker 12: same continual strikes and threats of strikes from public sector workers. 1713 01:19:23,840 --> 01:19:26,519 Speaker 12: And don't forget it was public sector workers who voted 1714 01:19:26,600 --> 01:19:30,520 Speaker 12: labor into power. They are the party of public sector workers, 1715 01:19:30,680 --> 01:19:34,720 Speaker 12: middle class public sector workers. It's no longer anything to 1716 01:19:34,760 --> 01:19:39,080 Speaker 12: do with red walls or miners or people in men's stuff. 1717 01:19:39,160 --> 01:19:42,840 Speaker 12: It's about doctors, teachers and so on, and they are 1718 01:19:42,840 --> 01:19:45,599 Speaker 12: obviously going to be the focus of the government's large 1719 01:19:45,680 --> 01:19:48,559 Speaker 12: deaths over the next couple of years. Twenty two percent 1720 01:19:48,600 --> 01:19:52,280 Speaker 12: for the doctors. They'd asked for thirty odd twenty two 1721 01:19:52,320 --> 01:19:53,679 Speaker 12: percent since to me, very. 1722 01:19:53,560 --> 01:19:56,880 Speaker 2: Generous, You reckon, you don't think there's going to be 1723 01:19:56,880 --> 01:19:59,439 Speaker 2: a domino effective he got twenty two. I want twenty 1724 01:19:59,439 --> 01:20:01,080 Speaker 2: two in the make next to me once twenty two 1725 01:20:01,120 --> 01:20:02,040 Speaker 2: as well, and so we go. 1726 01:20:02,439 --> 01:20:05,479 Speaker 12: I think there's bound to be some sort of domino effect, 1727 01:20:05,680 --> 01:20:10,320 Speaker 12: bound to be not so much around the twenty two 1728 01:20:10,360 --> 01:20:13,479 Speaker 12: percent level, because the doctors really were out on a 1729 01:20:13,560 --> 01:20:18,960 Speaker 12: limb asking for that, but there will be nurses, teachers 1730 01:20:20,960 --> 01:20:24,400 Speaker 12: and all the care workers. Public sector workers will be 1731 01:20:24,479 --> 01:20:28,680 Speaker 12: asking for pay increases which are probably rather more than 1732 01:20:28,720 --> 01:20:32,920 Speaker 12: they would have expected to get. Frankly, they will obviously 1733 01:20:32,960 --> 01:20:35,599 Speaker 12: ask for more money as a consequence of it. And 1734 01:20:35,800 --> 01:20:37,600 Speaker 12: you know, the government is that it be known the 1735 01:20:37,680 --> 01:20:40,040 Speaker 12: public sector workers are going to see a rise, so 1736 01:20:40,120 --> 01:20:43,760 Speaker 12: it's a bonus for them. Meanwhile, the rest of the 1737 01:20:43,800 --> 01:20:49,120 Speaker 12: country looks on a little warily, given that public sector 1738 01:20:50,120 --> 01:20:53,200 Speaker 12: wages have risen far more quickly than private sector wages 1739 01:20:53,240 --> 01:20:56,519 Speaker 12: over the last ten years, and indeed the balance between 1740 01:20:56,560 --> 01:20:59,960 Speaker 12: the public sector and the private sector is tilted hugely 1741 01:21:00,360 --> 01:21:04,920 Speaker 12: in favor of the private sector. The public sector runner. 1742 01:21:04,800 --> 01:21:06,400 Speaker 2: Exactly, mate, We'll see you Thursday. 1743 01:21:06,439 --> 01:21:06,960 Speaker 13: Appreciate it. 1744 01:21:07,040 --> 01:21:09,559 Speaker 2: Rod a little out of Britain. Just update you on 1745 01:21:09,600 --> 01:21:13,680 Speaker 2: the Tory leadership race. Pretty Betels and mel Strides. And 1746 01:21:13,760 --> 01:21:15,920 Speaker 2: since we last talked about it last Thursday, so pretty 1747 01:21:15,920 --> 01:21:19,920 Speaker 2: Betels and mel Strides Injenrick Robert, Jenrick Tutenhat who is 1748 01:21:20,120 --> 01:21:23,040 Speaker 2: one of Rod's mates, and James Cleverly, they're all in 1749 01:21:23,120 --> 01:21:25,680 Speaker 2: and Kemy bad Knock can add her name to that 1750 01:21:25,680 --> 01:21:27,800 Speaker 2: particular list. And also, since we last talked about it 1751 01:21:27,880 --> 01:21:31,280 Speaker 2: last week, Eleanard Morgan is the new Welsh Leader. You 1752 01:21:31,280 --> 01:21:33,840 Speaker 2: remember the old Welsh Leader guy called Gething, who Rod 1753 01:21:33,880 --> 01:21:37,719 Speaker 2: described as completely and utterly useless, not to mention compromise 1754 01:21:37,760 --> 01:21:40,200 Speaker 2: in a number of different areas. He quit after about 1755 01:21:40,200 --> 01:21:41,960 Speaker 2: three and a half minutes in the job. So this 1756 01:21:42,040 --> 01:21:44,920 Speaker 2: woman Morgan's got the new job. She's the Welsh Leader 1757 01:21:44,920 --> 01:21:47,000 Speaker 2: and she first thing she did was apologize to the 1758 01:21:47,040 --> 01:21:48,920 Speaker 2: Welsh people. We have not made a good fist of 1759 01:21:48,960 --> 01:21:51,040 Speaker 2: things in the past few weeks and the Welsh people 1760 01:21:51,120 --> 01:21:54,080 Speaker 2: are owed an apology and she gave one sixteen to 1761 01:21:54,120 --> 01:21:58,400 Speaker 2: two THESS certain away from nine. Couple of questions for you. 1762 01:21:58,439 --> 01:22:00,160 Speaker 2: So the news is running the story this morning from 1763 01:22:00,200 --> 01:22:03,479 Speaker 2: the Financial Umberdsmen are the Financial Services Complaints, which is 1764 01:22:04,439 --> 01:22:07,920 Speaker 2: a service of the Armbudsman Complaints and Financial Services. The 1765 01:22:07,920 --> 01:22:10,760 Speaker 2: whole idea is apparently times are tied economically, therefore people 1766 01:22:10,840 --> 01:22:13,120 Speaker 2: complain more. In theory makes sense, but their complaints are 1767 01:22:13,120 --> 01:22:15,000 Speaker 2: only up six percent. How many complaints a year do 1768 01:22:15,040 --> 01:22:18,040 Speaker 2: they receive? The answer is fourteen hundred and twenty six. 1769 01:22:18,200 --> 01:22:20,840 Speaker 2: Not many complaints. You think about how many times we 1770 01:22:20,840 --> 01:22:23,720 Speaker 2: do something financial. I mean we do something financial every 1771 01:22:23,720 --> 01:22:25,679 Speaker 2: single day. Every single one of us does something financially 1772 01:22:25,680 --> 01:22:28,840 Speaker 2: every single day. So to cumulatively come up with one 1773 01:22:29,160 --> 01:22:31,000 Speaker 2: four hundred and twenty six complaints in the year is 1774 01:22:31,080 --> 01:22:33,519 Speaker 2: hardly a big deal, is it. New disputes are up 1775 01:22:33,560 --> 01:22:37,120 Speaker 2: ten percent to three hundred and fifty nine. It's less 1776 01:22:37,160 --> 01:22:38,880 Speaker 2: than one a day. So in other words, I don't 1777 01:22:38,880 --> 01:22:41,760 Speaker 2: think there's actually a problem. Largest proportion of complaints were 1778 01:22:41,800 --> 01:22:46,040 Speaker 2: about consumer credit products, credit cards, and mortgage lines, so 1779 01:22:46,280 --> 01:22:48,120 Speaker 2: I'm just not sure how busy they army is probably 1780 01:22:48,160 --> 01:22:51,320 Speaker 2: good to have one, and when things go seriously wrong, 1781 01:22:51,360 --> 01:22:52,800 Speaker 2: they can look into it and do something about it, 1782 01:22:52,840 --> 01:22:54,400 Speaker 2: I guess, but I wouldn't have thought it's actually a 1783 01:22:54,439 --> 01:22:57,559 Speaker 2: major story. Then we come to Fletchers, and Andrew alerted 1784 01:22:57,640 --> 01:23:01,800 Speaker 2: us calliher money earlier on alert at us and am 1785 01:23:01,800 --> 01:23:05,000 Speaker 2: I being unfair? So Fletcher Building, one of the biggest 1786 01:23:05,000 --> 01:23:08,360 Speaker 2: companies in the country, have got problem with their cement 1787 01:23:08,360 --> 01:23:09,840 Speaker 2: at the byment and they went to the market yesterday 1788 01:23:09,840 --> 01:23:11,320 Speaker 2: and they said, look, we're going to be hit by 1789 01:23:11,439 --> 01:23:13,960 Speaker 2: between somewhere between ten and thirty million bucks this year. 1790 01:23:14,000 --> 01:23:17,080 Speaker 2: Why moving cement around the country is turning out to 1791 01:23:17,080 --> 01:23:18,719 Speaker 2: be a problem. They've got a thing called the marine 1792 01:23:18,800 --> 01:23:22,599 Speaker 2: vessel Alteriro a chief MBAC. It's owned and operated by 1793 01:23:22,600 --> 01:23:25,080 Speaker 2: a third party provider. That in itself I would have 1794 01:23:25,080 --> 01:23:28,600 Speaker 2: thought it's a bit of a problem. It's got mechanical problems, 1795 01:23:28,800 --> 01:23:33,040 Speaker 2: it's stuck in Northport and they don't know when it's 1796 01:23:33,040 --> 01:23:36,519 Speaker 2: going to be fixed. So your ability to move one 1797 01:23:36,520 --> 01:23:38,559 Speaker 2: of your products around the country is now sort of 1798 01:23:38,640 --> 01:23:41,320 Speaker 2: stuck because somebody you pay to do something isn't doing 1799 01:23:41,400 --> 01:23:43,880 Speaker 2: it now. Is that, in and of itself a bit 1800 01:23:43,880 --> 01:23:45,840 Speaker 2: of an issue you might want to think about. They're 1801 01:23:45,840 --> 01:23:48,800 Speaker 2: thinking about other things apart from not knowing how long 1802 01:23:48,840 --> 01:23:50,439 Speaker 2: it's going to take to fix. They're looking at greater 1803 01:23:50,560 --> 01:23:52,720 Speaker 2: use of rail and roads you reckon as well as 1804 01:23:52,760 --> 01:23:55,040 Speaker 2: coastal barging you reckon. Don't they have a backup plan? 1805 01:23:55,360 --> 01:23:58,439 Speaker 2: Doesn't a large company? Am I just naive if I 1806 01:23:58,600 --> 01:24:01,800 Speaker 2: was running a large company and one of the key 1807 01:24:01,880 --> 01:24:04,479 Speaker 2: things involved in the running of that company was the 1808 01:24:04,479 --> 01:24:07,479 Speaker 2: movement of a certain product, in this case, cement. Would 1809 01:24:07,600 --> 01:24:10,479 Speaker 2: I not have some sort of contingency plan that should 1810 01:24:10,560 --> 01:24:14,559 Speaker 2: that contractor ring me up one day and go, hey, Mike, 1811 01:24:15,920 --> 01:24:17,719 Speaker 2: bit of a problem with the old movement here, I'd 1812 01:24:17,720 --> 01:24:19,880 Speaker 2: have a plan. I'd go, well, first of all, you're sacked. 1813 01:24:20,520 --> 01:24:22,960 Speaker 2: Second of all, here's my contingency plan, or here's where 1814 01:24:23,000 --> 01:24:24,640 Speaker 2: I'm going and how I'm doing it, and here's what 1815 01:24:24,680 --> 01:24:27,839 Speaker 2: I've thought of also looking at getting alternative cement supplies 1816 01:24:27,880 --> 01:24:30,599 Speaker 2: from local or foreign producers, as well as looking for 1817 01:24:30,640 --> 01:24:33,880 Speaker 2: a replacement ship, in other words, doing it themselves. I 1818 01:24:33,960 --> 01:24:36,080 Speaker 2: assume that means does that just strike you as just 1819 01:24:36,160 --> 01:24:39,240 Speaker 2: a little bit Jerry manned? Or as I say, am 1820 01:24:39,240 --> 01:24:41,960 Speaker 2: I being unfair? Nine away from thee. 1821 01:24:43,000 --> 01:24:47,200 Speaker 1: The Mic Hosking Breakfast with a Vida, Retirement, Communities News, 1822 01:24:47,240 --> 01:24:47,800 Speaker 1: togsad be. 1823 01:24:48,360 --> 01:24:50,559 Speaker 2: Look, here's the reality when it comes to business funding. 1824 01:24:50,600 --> 01:24:52,439 Speaker 2: Other big banks hold all the cards. Of course, they 1825 01:24:52,439 --> 01:24:55,200 Speaker 2: don't blink at charging hefty interest rates, and the processes 1826 01:24:55,240 --> 01:24:57,080 Speaker 2: can leave you hanging for months. But now there's a 1827 01:24:57,120 --> 01:24:59,600 Speaker 2: game changer on the scene, the game changer taxi. It 1828 01:24:59,680 --> 01:25:02,360 Speaker 2: allows you to decline the bank with smarter business funding. 1829 01:25:02,439 --> 01:25:05,000 Speaker 2: So whether it's another digger for your fleet, or you 1830 01:25:05,080 --> 01:25:07,400 Speaker 2: just need to survive till twenty five. Taxi can help 1831 01:25:07,640 --> 01:25:09,439 Speaker 2: fund your business. So how do they do that? Here's 1832 01:25:09,439 --> 01:25:12,799 Speaker 2: the question. How do they do that? Well? Taxi allows 1833 01:25:12,840 --> 01:25:15,919 Speaker 2: you to use your provisional tax to access seriously affordable 1834 01:25:15,960 --> 01:25:18,760 Speaker 2: working capital. So you're essentially borrowing against tax that you've 1835 01:25:18,800 --> 01:25:20,800 Speaker 2: already paid, but at half the interest rates of the 1836 01:25:20,800 --> 01:25:23,720 Speaker 2: big banks. That's right, about half the rate of the 1837 01:25:23,720 --> 01:25:26,240 Speaker 2: big banks. Now you don't have to be Warren Buffett 1838 01:25:26,240 --> 01:25:28,080 Speaker 2: to work out that actually makes a bit of sense. 1839 01:25:28,080 --> 01:25:30,479 Speaker 2: So pay your provisional tax through taxi by the twenty 1840 01:25:30,479 --> 01:25:32,960 Speaker 2: eighth of August and get ready to grow your business 1841 01:25:32,960 --> 01:25:34,640 Speaker 2: the smart way. Here's you go. Here's where you go 1842 01:25:34,680 --> 01:25:38,120 Speaker 2: for all the details. Go taxi dot co dot NZ, 1843 01:25:38,520 --> 01:25:44,320 Speaker 2: Go taxi dot co dot n Z. Pasking Mike, you're 1844 01:25:44,320 --> 01:25:45,880 Speaker 2: a hard man. I think that's the quote of the day. 1845 01:25:45,960 --> 01:25:48,120 Speaker 2: Sack them. NA probably wouldn't sack them. It's probably a 1846 01:25:48,120 --> 01:25:49,800 Speaker 2: contact that prevents them from sacking them. 1847 01:25:50,439 --> 01:25:50,639 Speaker 22: Mike. 1848 01:25:50,680 --> 01:25:52,840 Speaker 2: You might even think a third party contract would have 1849 01:25:52,880 --> 01:25:54,840 Speaker 2: planned b. That's not a bad point. By scoring a 1850 01:25:54,920 --> 01:25:57,360 Speaker 2: third party, Mike transport supply, they're more likely to say 1851 01:25:57,439 --> 01:26:00,760 Speaker 2: thirty million every year, so one of twenty year problem. 1852 01:26:00,800 --> 01:26:02,559 Speaker 2: I get what you're trying to say, which then brings 1853 01:26:02,600 --> 01:26:04,920 Speaker 2: me to the other Fletcher's side of the story. Fletcher Building, 1854 01:26:05,280 --> 01:26:09,280 Speaker 2: the subsidiary Fletcher Construction, is suing the two waterproofers. This 1855 01:26:09,360 --> 01:26:11,280 Speaker 2: is the convention center. God, it will be amazing when 1856 01:26:11,320 --> 01:26:14,240 Speaker 2: the convention center is open. I mean it's been I 1857 01:26:14,280 --> 01:26:16,559 Speaker 2: think they started the convention Center in Auckland about the 1858 01:26:16,560 --> 01:26:18,720 Speaker 2: same time as they started the coliseum in Rome. I 1859 01:26:18,720 --> 01:26:20,559 Speaker 2: think it was about the same day or certainly within 1860 01:26:20,600 --> 01:26:21,080 Speaker 2: the same way. 1861 01:26:21,200 --> 01:26:23,000 Speaker 21: Quite a long time after they started the CURL. 1862 01:26:23,240 --> 01:26:25,639 Speaker 2: Yeah, quit quite a long time after the CRL goes 1863 01:26:25,640 --> 01:26:29,600 Speaker 2: back to BC. No, well back before BC anyway. So 1864 01:26:29,640 --> 01:26:31,800 Speaker 2: they've got the convention Center in Auckland. So there's going 1865 01:26:31,840 --> 01:26:34,719 Speaker 2: to be a fourteen week trial. They're chasing three hundred 1866 01:26:34,720 --> 01:26:37,120 Speaker 2: and twenty one million dollars. There's a couple of companies involved. 1867 01:26:37,160 --> 01:26:40,880 Speaker 2: This is more contracting subcontracting. There's a company called MPM Waterproofing, 1868 01:26:41,120 --> 01:26:44,920 Speaker 2: and there's a company called JEL Waterproofing, and so they 1869 01:26:44,960 --> 01:26:47,960 Speaker 2: hired MPM, but then MPM went and hired JL and 1870 01:26:48,000 --> 01:26:50,280 Speaker 2: then when they went to sue them, the two companies went, oh, 1871 01:26:50,320 --> 01:26:53,160 Speaker 2: what we needed two different trials, and so the judge 1872 01:26:53,160 --> 01:26:54,400 Speaker 2: had a look at that when and I think we 1873 01:26:54,439 --> 01:26:55,800 Speaker 2: need two different trials, Thanks very much. 1874 01:26:55,880 --> 01:26:56,040 Speaker 16: Yeah. 1875 01:26:56,080 --> 01:26:59,559 Speaker 2: So fourteen weeks of this and the convention, it's just like, geez, 1876 01:27:00,520 --> 01:27:03,080 Speaker 2: how complicated do you want to make life? Get yourself 1877 01:27:03,080 --> 01:27:05,040 Speaker 2: a breakfast show? For God's sake, All you gotta do 1878 01:27:05,120 --> 01:27:08,160 Speaker 2: is tell the time five minutes away from nine trending. 1879 01:27:08,439 --> 01:27:12,560 Speaker 15: Now we have Gills Warehouse, stop paying too much. 1880 01:27:12,400 --> 01:27:14,560 Speaker 2: Now, Amazon, they're back with another crack at Lord of 1881 01:27:14,600 --> 01:27:16,479 Speaker 2: the Rings The Rings of Power, which is the most 1882 01:27:16,520 --> 01:27:19,599 Speaker 2: expensive television show ever. Season one bark like a dark 1883 01:27:19,680 --> 01:27:24,360 Speaker 2: hou Only thirty seven percent of people who started the 1884 01:27:24,360 --> 01:27:27,200 Speaker 2: show ended up finishing it. What's the number for it? 1885 01:27:27,240 --> 01:27:29,719 Speaker 2: This show? It's ninety is still ninety eight plus per morning? 1886 01:27:29,840 --> 01:27:31,679 Speaker 2: Yeah exactly, I think it was. Last time I checked, 1887 01:27:31,680 --> 01:27:33,559 Speaker 2: it was ninety eight point ninety seven percent of people 1888 01:27:33,560 --> 01:27:35,880 Speaker 2: who start the show at six finishes at nine. You're 1889 01:27:35,920 --> 01:27:37,519 Speaker 2: there for the long haul. I Love You to Death 1890 01:27:37,520 --> 01:27:40,599 Speaker 2: of You Lot Season one flop, complete flop, but they're 1891 01:27:40,600 --> 01:27:43,840 Speaker 2: still spending another four hundred and eighty million dollars on 1892 01:27:44,000 --> 01:27:44,559 Speaker 2: season two. 1893 01:27:46,320 --> 01:27:50,479 Speaker 11: I have walked across mountains and deserts. 1894 01:27:51,720 --> 01:27:54,800 Speaker 10: To help my friend find his destiny. One of the 1895 01:27:54,800 --> 01:27:56,360 Speaker 10: feet of the world may depend on. 1896 01:27:56,640 --> 01:27:58,639 Speaker 3: Is it my task to stop the fire? 1897 01:28:00,240 --> 01:28:05,160 Speaker 24: To my task to face so long, to try and 1898 01:28:05,240 --> 01:28:10,280 Speaker 24: cheat to death, my tea to an even better catastasy. 1899 01:28:12,120 --> 01:28:13,639 Speaker 3: Father, take off the ring. 1900 01:28:14,800 --> 01:28:18,200 Speaker 9: There are always so who guys off. 1901 01:28:20,720 --> 01:28:29,120 Speaker 3: For shame. You will give me the night. 1902 01:28:30,960 --> 01:28:33,479 Speaker 2: That's what four hundred and eighty million dollars sounds like. 1903 01:28:34,720 --> 01:28:38,080 Speaker 2: Twenty ninth of August, season two, that was the one 1904 01:28:38,080 --> 01:28:40,479 Speaker 2: that was pulled out of this country. Remember when they 1905 01:28:40,560 --> 01:28:42,320 Speaker 2: decided to up one day and just leave and they 1906 01:28:42,320 --> 01:28:50,440 Speaker 2: went off to they were of about that probably rubbish. 1907 01:28:50,600 --> 01:28:55,479 Speaker 2: Right up, You can leave now because this last couple 1908 01:28:55,520 --> 01:29:00,559 Speaker 2: of seconds isn't that good? Back tomorrow morning at six days. 1909 01:29:02,640 --> 01:29:05,519 Speaker 1: For more from the Mic Asking Breakfast, listen live to 1910 01:29:05,640 --> 01:29:08,719 Speaker 1: News Talks at B from six am weekdays, or follow 1911 01:29:08,760 --> 01:29:10,320 Speaker 1: the podcast on iHeartRadio.