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Speaker 1: Opinion edit, informed, und apologetic, The my Hosking Breakfast with

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Speaker 1: Bailey's real Estate altogether better across residential, commercial and rural

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Speaker 1: news talks.

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Speaker 2: D be Welly, you.

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Speaker 3: Welcome today the cash and bank scrap, new dairy stats

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Speaker 3: that show just how astonishing this boom is. We've got

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Speaker 3: a new Zealander at the cutting edge of driver has

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Speaker 3: techn as one point five billion dollar capital race. Scot

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Speaker 3: McLoughlin's as India returns, He's and after eight Joe's back

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Speaker 3: from the holidays in Roman Rods in the UK for us. Pascal,

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Speaker 3: welcome to Thursday seven past six. Excellent reality check next

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Speaker 3: time you're in a bit of a funk about this country.

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Speaker 3: We've had a bad time of it, of course, no

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Speaker 3: doubt about that. A lot of people decided leaving was

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Speaker 3: the answer. Many have stayed and moaned a lot as well.

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Speaker 3: There has been much too moan about. Not as much anymore,

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Speaker 3: of course, but we are still in the early days

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Speaker 3: of recovery, so some things still remain that are grieved many.

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Speaker 3: But The New York Times wrote a salutary piece this

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Speaker 3: week reprinted here in different places, about small Canadian towns

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Speaker 3: and those small Canadian towns could have been New Zealand towns.

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Speaker 3: Towns with a shortage of doctors. They spent a fortune

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Speaker 3: convincing people to come and see up shop with sign

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Speaker 3: on bonuses. They also pointed out when doctors left, the

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Speaker 3: emergency clinics struggled as well. See there are some stories,

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Speaker 3: and this is the lesson for us where pretty much

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Speaker 3: the whole world struggles with the same problems. Healthcare is

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Speaker 3: one of them. From Australia to Britain, to Canada to

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Speaker 3: New Zealand. There is a global shortage of nurses and doctors,

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Speaker 3: and especially specialists. There's a global shortage of teachers. Immigration

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Speaker 3: is an increasingly serious issue. We're lucky we control ours.

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Speaker 3: Many don't. Extremism often is associated with uncontrolled immigration. We're

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Speaker 3: lucky there as well. Britain has a crime problem. Newspapers

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Speaker 3: daily are littered with gangs on bikes in major cities,

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Speaker 3: wreaking havoc. Economies vary. The jobless rate is seen here

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Speaker 3: is problematic, but Britain's is no better. Canada is even worse.

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Speaker 3: As Thomas Coglan pointed out in The Herald over the

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Speaker 3: weekend in a piece about student debt, part of the

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Speaker 3: issue is we having to live next door to a

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Speaker 3: pretty good economic story in the form of Australia. But

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Speaker 3: as Richard Quest, who was in Australia last week the

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Speaker 3: CNN reported, it's been an ominous summer his words, not mine, ominous,

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Speaker 3: with the bushfires and the sharkitects and a terror attack

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Speaker 3: and BONDI and that's before the heat kills you. And

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Speaker 3: if we could take anything from other countries, you know what,

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Speaker 3: I'd take the Australian optimism. They want better, they feel better,

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Speaker 3: They're the architectus of their own success. Everyone's got issues,

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Speaker 3: everyone's got goodbit what you choose to see and how

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Speaker 3: you react to those things is the key to it all.

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Speaker 4: News of the World in ninety seconds.

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Speaker 3: And Mendelston by Epstein is still bogging down the British government.

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Speaker 3: Turns out the Speaker of the Commons has been on

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Speaker 3: the phone to the coppers.

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Speaker 5: I'd like to confirm that, upon receipt of information that

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Speaker 5: I felt it was relevant, I passed this on to

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Speaker 5: the Metropolitan Police in good faith, as is my duty

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Speaker 5: and responsibility.

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Speaker 3: Sir Red of the LIBDAMSZ News.

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Speaker 6: Jeffrey Epstein may have used British airports and even RAF

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Speaker 6: bases to traffic.

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Speaker 4: Young women and girls in and out of our country.

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Speaker 4: This is appalling.

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Speaker 3: It puts the Prime Minister in a hopeless position as

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Speaker 3: the calls for inquired grow.

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Speaker 6: There's obviously a police investigation going on and I think

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Speaker 6: it's right that that has to go wherever the evidence

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Speaker 6: takes it, and we have to let that investigation run

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Speaker 6: its course before deciding what next action is to be taken.

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Speaker 3: Busy in men Chester two one because they grabbed a

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Speaker 3: bloke and a mosque who had a knife and an

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Speaker 3: X in some drugs.

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Speaker 7: Prime Minister, is it not the case that every single

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Speaker 7: politician in displace and every single journalist has a responsibility

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Speaker 7: to stop funny the flames of hatred against the Muslim.

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Speaker 3: Community Here in two in his bi election day and

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Speaker 3: the seat of Gordon and Danton where a new poll.

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Speaker 3: Here's the Greens in the league. The voters are busy.

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Speaker 7: I've never not builted before ever there really disillusioned this time, but.

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Speaker 8: I voted well.

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Speaker 9: At first I've worried for labor, but then obviously, you know,

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Speaker 9: things change.

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Speaker 7: I'm not a racist person and not like that, or

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Speaker 7: I think he's getting a bit out of control of

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Speaker 7: the country.

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Speaker 3: Then state side, the debrief of the state of the

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Speaker 3: Union underway, well known mega lover Robert Demiro a.

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Speaker 4: Choke on the phrase we all love our country people,

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Speaker 4: because our country isn't so lovables right now.

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Speaker 3: Finally, from our easy Come, easy Go file, there's a

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Speaker 3: woman who briefly became the richest person in the world

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Speaker 3: sadly no longer so fig down in his gift card

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Speaker 3: was put directly into an account, but the person doing

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Speaker 3: it used the gift card number, not the amount of

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Speaker 3: the card. So for a moment she had in fact

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Speaker 3: sixty three quadrillion dollars. Obviously they changed that, and the

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Speaker 3: good news is they did give her a ten dollar

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Speaker 3: our chef for the inconvenience, and that is news of

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Speaker 3: the world and what might have been in mighty Yeah Australia,

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Speaker 3: that inflation. Stark Andrew is going to work with us

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Speaker 3: and work us through that in just a couple of moments.

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Speaker 3: And once again the AI job equation wise, tech Global

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Speaker 3: have announced there's two thousand staff are going to go.

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Speaker 3: Is that a lot of staff, Yes, it is. It's

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Speaker 3: nearly a third of their workforce. Over the next couple

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Speaker 3: of years. It's all to do with AI. Some of

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Speaker 3: the teams in that company are going to be slashed

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Speaker 3: by fifty percent customer service, product development, and so they

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Speaker 3: got troubles AI and job. Twelve past six.

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Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio called

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Speaker 1: by News Talk Sippy.

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Speaker 3: I'm reading George Pollock. He's with Sigmund Global Advisors. He

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Speaker 3: seems to think the meeting today this is two point

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Speaker 3: zero iran US. We think this meeting will likely be

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Speaker 3: a success and bring about some diplomatic opportunities being has crossed.

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Speaker 3: Fifteen past I'm sure in Partners Andrew Keller had Good.

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Speaker 2: Morning, Good Morning, Mike.

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Speaker 3: Was it a market mover?

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Speaker 10: No?

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Speaker 11: So no, I have to admit I did not listen

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Speaker 11: to the whole one hour forty eight minutes of it.

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Speaker 11: So the State of the Union Address, Mike, I think

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Speaker 11: it probably ran along the expected lines in it sort

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Speaker 11: of almost two hours of rhetoric and a somewhat creative

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Speaker 11: approach to facts. The economy is roaring like never before.

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Speaker 11: We've a lot of stuff we've heard before, Mike. There

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Speaker 11: were some sort of economic related comments. He believes that

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Speaker 11: tarris could one day replace income tax. Taris would need

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Speaker 11: to raise trillions of dollars for that to actually eventuate.

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Speaker 11: And you've also got to speculate about the longevity of taris,

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Speaker 11: and you know whether or not they.

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Speaker 2: Survive for any period of time at all.

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Speaker 11: Planned for a new four h one K initiative that's

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Speaker 11: a savings initiative for people, but not a lot of detail.

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Speaker 11: A reaffirmation of the plan to take some corporate entities

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Speaker 11: out of the housing market. Again, we'd already heard that.

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Speaker 11: A lot of talk about affordability, the cost of living.

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Speaker 11: Recent polls suggest the average American isn't really feeling that

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Speaker 11: those affordability gains just yet. But a very much domestic

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Speaker 11: focus speech Mike, that did different they normally is there

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Speaker 11: normally is an element of international perspective, and the especially

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Speaker 11: there wasn't yesterday. Looking at financial markets, the US share

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Speaker 11: markets are positive overnight, the US tenure bond they're unchanged.

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Speaker 11: They've been pretty controlled recently. Actually over February, tenure rates

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Speaker 11: have probably formed a bit. Cryptocurrencies were up, so not

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Speaker 11: a real market mover, Mike, I think financial markets have

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Speaker 11: developed a sort of let's wait and see attitude with

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Speaker 11: regard to presidential announcements to see what actually transpired.

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Speaker 3: So not really okay that inflation in Australia didn't move

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Speaker 3: a lot, but it's stuck. It's up and it's stuck,

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Speaker 3: isn't it.

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Speaker 2: It is absolutely stuck.

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Speaker 11: So monthly CPI print across the Tasman looking at the

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Speaker 11: headline numbers, headline monthly CPI increased zero point four percent

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Speaker 11: month a month, annual rate of three point eight percent

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Speaker 11: to one change there, but it was above market consensus expectations,

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Speaker 11: which is sitting at three point seven. Now they have

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Speaker 11: what's called the annual trimmed mean measure that's arguably more

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Speaker 11: sort of interesting for the RBA at three point four percent,

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Speaker 11: that was also above market expectations. They thought that would

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Speaker 11: be three point three. Yeah, you look into the detail

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Speaker 11: housing components of the CPI calculation, Oh, there are still

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Speaker 11: contributing inflation, still running above market expectations. Just to sort

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Speaker 11: of reester rate the RBA cash rate there, they lifted

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Speaker 11: in early.

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Speaker 2: February to three point eight five.

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Speaker 11: This monthly inflation number has probably raised the possibility that

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Speaker 11: the RBA will deliver a further hike to that RBA

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Speaker 11: cash rate, which would take it over four percent. A

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Speaker 11: reminder that we're sitting at two point twenty five. So

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Speaker 11: they're going a different direction from us looking.

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Speaker 2: At market pricing. They're saying that that rate.

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Speaker 11: Hike could happen by the middle of this year. And yeah,

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Speaker 11: if you look inside the numbers, Mike, there's some evidence

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Speaker 11: there that discretionary category spending is picking up. You've still

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Speaker 11: got this crazy roll off of the electricity subsidies. So well,

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Speaker 11: I'm seeing a number that electricity was up eighteen and

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Speaker 11: a half percent in January. I think that's the impact

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Speaker 11: of the subsidies. Yeah, food price inflation three point one.

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Speaker 11: Remember we're about four point six. They're doing better on

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Speaker 11: that front. That's an annual number. But their housing group

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Speaker 11: up just under seven percent for the year. So look,

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Speaker 11: inflation is sticky and they've got a problem.

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Speaker 10: Right.

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Speaker 3: Oh, Steel and Tube, what do we know?

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Speaker 2: Yeah, so we spoke about.

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Speaker 11: Vulcan steel yesterday. So today's so we spoke about that

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Speaker 11: yesterday morning. Than during the day yesterday, Steel in Tube

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Speaker 11: released their first half result.

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Speaker 2: They've did the loss. MIC this similar outcome to.

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Speaker 11: Vulcan still in that their revenue increased, but their margins

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Speaker 11: are getting squeezed, and we talked about profitability.

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Speaker 2: Yes, they might.

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Speaker 11: This is an issue, to use their words, a continued

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Speaker 11: tough economic environment. They did say though, that market indicators

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Speaker 11: are tracking positively. They noted that they could they're expecting

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Speaker 11: government spending to increase in the latter half of twenty

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Speaker 11: twenty six, which would feed into that non residential building

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Speaker 11: sort of category.

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Speaker 2: The market didn't really like this result though.

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Speaker 11: They took the share price down eleven percent yesterday, so

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Speaker 11: not a great outcome forany room numbers.

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Speaker 3: Please.

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Speaker 2: So, as I said, US markets are higher.

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Speaker 11: We've currently got the down Jones at forty nine thy

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Speaker 11: four hundred and eighteen, so up about up about half

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Speaker 11: a percent two hundred and forty three points, the S

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Speaker 11: and P five hundred up around fifty points sixty nine

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Speaker 11: three nine three quarters a percent, and the Nasdaq twenty

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Speaker 11: three thousand, one hundred and twenty four up one point

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Speaker 11: one four percent. That's two hundred and sixty points overnight.

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Speaker 11: We got a lot of positive numbers for one hundred

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Speaker 11: up one point one to three percent ten thousand, eight

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Speaker 11: hundred and one, the NICKET up over two percent fifty

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Speaker 11: eight thousand and five eighty three, and the Sheenhai compet

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Speaker 11: it up about three quarters of percent four one four seven.

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Speaker 11: The aussi's yes day gained one point one seven percent

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Speaker 11: nine one two eight.

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Speaker 2: The mark there for the A six.

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Speaker 11: Two hundred and the NZX fifty relatively unchanged thirteen thousand,

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Speaker 11: five hundred and twenty eight on the currency's Kiwi dollar

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Speaker 11: point five point nine nine one against the US point

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Speaker 11: eight four to two one, Ossi point five seven sixty

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Speaker 11: euro point four four to two two against the pounds

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Speaker 11: ninety three points sixty seven Japanese yen gold five thy

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Speaker 11: two hundred and twenty two dollars and.

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Speaker 2: A little bit of the a little bit of the froth.

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Speaker 11: Taking out the Brent crude market is seventy dollars and

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Speaker 11: seventy four cents.

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Speaker 3: Chap to Morrow Man Andrew Kella, hers share and partners

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Speaker 3: Sky every time at the moment. But we'll come back

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Speaker 3: to scale. Scales had a fantastic result yesterday. It's Apples,

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Speaker 3: of course, speaking of Apple, are they are computers moving

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Speaker 3: some of that manufacturing for the Macmini previously announced six

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Speaker 3: hundred billion dollars worth of commitment to domestic manufacturing. This

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Speaker 3: goes back to Trump, of course, state of the Union

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Speaker 3: bringing manufacturing home. Blah blah blah. But the Macmini is

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Speaker 3: now going to be made in expanding plans for Houston.

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Speaker 3: Lots of jobs associated with it. Six twenty, rid Newstalk said, be.

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Speaker 1: Good the Mike Hosking Breakfast Full Show podcast on iHeartRadio

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Speaker 1: powered by News Talks at b.

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Speaker 3: Yes, Scales, Apples cannot sell enough. Apples will do the

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Speaker 3: dairy later on this morning, and it's just off the charts.

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Speaker 3: It's ridiculous. But net profit from Scales one hundred and

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Speaker 3: thirty seven percent. Up their revenues nine hundred million dollars.

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Speaker 3: This is just Apples fifty four percent their heart division,

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Speaker 3: which is mister Apple. So they're doing very nicely. That's

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Speaker 3: up seventy three percent year on year. Export volumes up

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Speaker 3: twenty one percent. They've had a very big growth. And

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Speaker 3: guess what dazzle oll. People are loving the dazzle and

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Speaker 3: the posy. I don't even know think I know the

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Speaker 3: posy anyway. Premium apples and this is the quality versus

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Speaker 3: quantity story. Premium apples are now representing about eighty percent

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Speaker 3: of the export volumes. Are the pet food business they've

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Speaker 3: got in sales because we cannot feed our pets enough.

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Speaker 3: They're up thirty three percent. They've got a logistics arm

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Speaker 3: that's international freight and all that sort of stuff. That's

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Speaker 3: a record underlying result that's up another ten percent. So

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Speaker 3: they seemingly scales can do no wrong. So good on them.

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Speaker 4: Six five trending now with him as well, and you're

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Speaker 4: home of sports and.

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Speaker 3: Nutritia, right, State of the Union. Two observations. One, there's

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Speaker 3: a lot to like, of not love about America if

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Speaker 3: you watch it, and I did watch it, and the

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Speaker 3: number of heroes that they brought in it was a

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Speaker 3: Reagan idea many years ago, and it's brilliant to watch

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Speaker 3: the very best of Americans, so that's always good. And two,

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Speaker 3: as the heroes were honored, the observation was made by many.

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Speaker 3: Of course, it basically it was Trump giving a speech

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Speaker 3: that wasn't all about himself, which is not that common.

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Speaker 3: There was a lot of Trump in there, obviously, and

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Speaker 3: Daniel Dale claims that were at least fifteen false claims,

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Speaker 3: plus a whole lot of misleaders, a lot of them.

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Speaker 10: Were the greatest hits.

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Speaker 12: He here at President Trump's rallies that he has ended

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Speaker 12: wars that never actually started, or they clearly have not ended.

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Speaker 9: By far.

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Speaker 12: The single subject with most falsehomestlating claims that his tariffs

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Speaker 12: are paid for by foreign countries. That is simply false.

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Speaker 12: He claimed he secured eighteen trillion in investment in just

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Speaker 12: a year. That number is total fiction the White House's

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Speaker 12: own website. At this moment, or at least earlier tonight,

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Speaker 12: I've used a nine point seven trillion figure. Way lower.

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Speaker 12: Even that figure is a wild exaggeration. He said he

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Speaker 12: inherited a stagnant economy. Now it's roaring like never before.

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Speaker 12: Growth in twenty twenty five but was two point two percent.

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Speaker 12: That was lower than in each and every year of

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Speaker 12: the Biden administration. The President Trump said he inherited record inflation.

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Speaker 2: He didn't.

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Speaker 12: He inherited three point zero percent inflation. Gas prices, he said,

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Speaker 12: they're now below two thirty a gallon in most states.

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Speaker 10: And in some places one ninety nine gallon.

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Speaker 12: There is no state, not a single one, where the

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Speaker 12: triple a state average today was below two thirty seven.

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Speaker 4: That was Oklahoma.

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Speaker 12: And as for that one ninety nine claim, gas Buddy

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Speaker 12: told me that of the one hundred and fifty thousand

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Speaker 12: gas stations.

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Speaker 10: The company tracks across the country.

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Speaker 12: There were just four this evening, four out of one

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Speaker 12: hundred and fifty thousand that was selling for one ninety nine.

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Speaker 4: For Gallen.

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Speaker 3: Here's the thing I couldn't work out. Beef. He claimed

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Speaker 3: he was talking about all the stuff that was coming

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Speaker 3: down in price, and he claimed beef was getting there.

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Speaker 3: And of course we've got a deal on beef on

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Speaker 3: the tariffs because the herd rate or stock rate in

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Speaker 3: America's at a seventy five year low, and that's not changing.

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Speaker 3: And so we are and I know from facts, we

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Speaker 3: are selling more beef to America, not only more beef,

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Speaker 3: but at better prices. So we're getting better value. So

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Speaker 3: how are we getting better value? But the price is

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Speaker 3: coming down in America? That party couldn't understand. But the

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Speaker 3: good part about it was he seemed jovial, and if

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Speaker 3: he didn't seem jovial, he seemed moderately upbeat. A couple

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Speaker 3: of purple hearts handed out, and some medals of honor

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Speaker 3: and some medals of legend, and the hockey team was there,

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Speaker 3: and it was like just wonderful to watch some moments,

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Speaker 3: take take the politics out of it and just look

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Speaker 3: at America and the picture of America. Probably the best

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Speaker 3: part if you're a Republican was when he said, stand

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Speaker 3: up if you agree with this. The first job of

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Speaker 3: a representative is to protect American citizens and not illegal aliens.

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Speaker 3: And the Democrats couldn't stand, and they wouldn't stand, and

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Speaker 3: the applause went on and on and on.

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Speaker 1: Anyway, more later, You're Trusted Home for News, Sport, entertainment, opinion,

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Speaker 1: and Mike the Mike asking breakfast with a vida, retirement, communities,

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Speaker 1: life your way.

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Speaker 3: He goes back from Italy.

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Speaker 4: No, she's not.

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Speaker 3: She's back in Italy from holiday. And we got the

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Speaker 3: by election. So Rod later on the program, this is

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Speaker 3: Gordon and Nenton, which wouldn't have been a thing until

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Speaker 3: it became a thing because Labour cocked it up and

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Speaker 3: Burnham couldn't run, et cetera, et cetera. Anyway, there's a

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Speaker 3: poll out this morning, devoting tonight has our time, but

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Speaker 3: there's a poll out this morning. Since the Greens on

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Speaker 3: the Leeds, Starmer was their campaigning saying this is a

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Speaker 3: fight between labor and reform. Labor should bold home, of course,

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Speaker 3: and I don't think they will. But the Greens are

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Speaker 3: in the lead allegedly. Anyway, all of that's still to come. Meantime,

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Speaker 3: back here, we got the cash scrap which is on

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Speaker 3: the Reserve Bank suggests the country needs thirteen hundred multi

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Speaker 3: bank hubs. So we like cash. Apparently we use cash.

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Speaker 3: Cash is getting harder to get though the banks say

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Speaker 3: that's rubbish. Roger Beaumont is the CEO of the Banking

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Speaker 3: Association and is with us. Roger, good morning, I've good morning, Mike,

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Speaker 3: thanks for having me. Not at all does this come

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Speaker 3: from nowhere from the Reserve Bank or has been brewing.

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Speaker 13: Completely out of the blue. We were very surprised to

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Speaker 13: receive this proposal yesterday. In fact, the media got it

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Speaker 13: ahead of us, so yeah, it was a surprise.

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Speaker 3: The survey they run the bit I have over eighty

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Speaker 3: percent of us use cash quote unquote sometimes what does

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Speaker 3: that mean? Do you know?

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Speaker 13: Well, that might be that you use it to give

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Speaker 13: you a nephew their annual This Day present once a

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Speaker 13: year or something like that. I don't know what the

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Speaker 13: more fulsome definition of that that is. But the bottom

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Speaker 13: line is this is a really curious proposal from the RBNZ.

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Speaker 13: It's kind of back to the future. It's almost like

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Speaker 13: Sport New Zealand demanding that Jazus size and leg warmers

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Speaker 13: makes a comeback without any appreciation of customer preferences, let

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Speaker 13: alone demand.

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Speaker 3: Can you or can they make the stick? Are they

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Speaker 3: in a position to do that or not?

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Speaker 13: Well, they are our regulator, so if they just deem

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Speaker 13: something essential and appropriate, they can make that call. But

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Speaker 13: I think there'll be a lot of discussion between now

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Speaker 13: and when the proposal or consultation period closes in April.

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Speaker 3: Well, has that a foregone conclusion? So they go to

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Speaker 3: the public and they'll say, Oh, the public love this,

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Speaker 3: they want more of because I think they do. I

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Speaker 3: think if you ask the public, do you want cash

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Speaker 3: more of it? I think the answer is going to

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Speaker 3: be yes, whether you like it or not.

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Speaker 14: Well, that that.

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Speaker 13: Flies in the face of customer activity and customer demand

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Speaker 13: because customers are increasingly not using cash in terms of

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Speaker 13: the way they interact and the way they make transactions

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Speaker 13: and payments. They're doing that electronically or via their app

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Speaker 13: or online banking, rather than going to an ATM and

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Speaker 13: punching in their pin and getting cash out to go

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Speaker 13: to the dairy to buy an ice cream.

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Speaker 15: It's just a very.

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Speaker 13: Old fashioned model and approach.

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Speaker 3: But you know what people are like. You know what

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Speaker 3: people are like. You're speaking to yourself, Mike, Well, I am,

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Speaker 3: funnily enough, I am because I don't use cash, because

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Speaker 3: I never leave house because I'm weird. But I want

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Speaker 3: cash and I want the idea of cash. And it says,

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Speaker 3: listen to one of the surveys, eighty three percent of businesses,

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Speaker 3: even if they don't use cash, say it's important slash

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Speaker 3: very important for residents. Now that's that's the real politique,

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Speaker 3: isn't it.

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Speaker 13: But there's nothing wrong with wanting cash, And Mike, if

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Speaker 13: you want cash today, you can go and get it right.

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Speaker 3: Sure, but not if I'm in the country.

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Speaker 13: Well no, but you could go to you could go

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Speaker 13: to a retailer in a very small town, for example,

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Speaker 13: and buy something and say, O, mate, can I also

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Speaker 13: take twenty bucks?

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Speaker 2: Don't do that?

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Speaker 8: Can do that?

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Speaker 13: Well? They actually do in my experience. But you know,

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Speaker 13: this is just actually the prioritization of this work in

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Speaker 13: terms of the expenditure is something that we just can't

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Speaker 13: get our head around when thanks to be spending money

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Speaker 13: on much more important things in terms of technology development

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Speaker 13: and further scam and fraud prevention to keep consumers safe.

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Speaker 13: In terms of bang for bucks for consumers and what

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Speaker 13: they're wanting, the scenes really out of step their claim.

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Speaker 3: The RBS claim that New Zealand benefits to the tune

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Speaker 3: of two point eight three billion dollars perenum if you

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Speaker 3: did this, do you believe that where would they get

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Speaker 3: that number from?

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Speaker 13: We really don't know where they got that number from.

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Speaker 13: And you know, we'd need to drill down into that

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Speaker 13: to understand it.

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Speaker 3: I think they made it do that. I don't think

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Speaker 3: it's true. As much as I want cash, I don't

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Speaker 3: think that number is true. I think they're pulling that

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Speaker 3: out of their you.

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Speaker 13: Know what, well they your words, Mike, not mine.

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Speaker 3: But but here's the other thing for you. One hundred

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Speaker 3: million dollars is what it's going to cost the majors,

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Speaker 3: the four majors to do this. That's a drop. You'd

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Speaker 3: find that behind the couch or reception that you're any

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Speaker 3: given major bank, wouldn't you it's nothing.

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Speaker 13: Well, look as I say, it's not. It's not about

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Speaker 13: the cost. It's not about the cost of implementation of this.

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Speaker 13: Is it the best bang for buck for consumers in

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Speaker 13: terms of what they want from their bank, and our

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Speaker 13: first cut look at that is absolutely that is not

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Speaker 13: the case. Remember too, they are also proposing adding costs

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Speaker 13: to retailers because they're proposing that all retailers have to

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Speaker 13: be able to transact in cash. So that adds cost

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Speaker 13: to those small businesses because a lot of retailers and

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Speaker 13: our cash lists, because there's no demand for that type

439
00:20:24,720 --> 00:20:27,840
Speaker 13: of purchase, and so that adds cost to the retailers,

440
00:20:27,840 --> 00:20:30,480
Speaker 13: and that'll have a flow through to consumers and the

441
00:20:30,520 --> 00:20:31,160
Speaker 13: total economy.

442
00:20:31,240 --> 00:20:32,960
Speaker 3: It's going to be a great to bupe appreciate time.

443
00:20:33,040 --> 00:20:35,720
Speaker 3: Roger Beaumont, who's the CEO of the New Zealand Banking Association.

444
00:20:35,880 --> 00:20:37,679
Speaker 3: My car went to the bank to withdraw three thousand

445
00:20:37,680 --> 00:20:39,879
Speaker 3: dollars cash for a car. I was told, sorry, this

446
00:20:39,960 --> 00:20:41,560
Speaker 3: bank is cash list. You need to use the bank

447
00:20:41,600 --> 00:20:44,040
Speaker 3: that has cash twenty killing me to drive. Later I

448
00:20:44,119 --> 00:20:47,000
Speaker 3: could get my money. The cashpoint could only deliver two

449
00:20:47,040 --> 00:20:49,639
Speaker 3: thousand dollars. Now, this is part of what makes the

450
00:20:49,840 --> 00:20:51,600
Speaker 3: whole thing. So why are you using cash to buy

451
00:20:51,600 --> 00:20:56,000
Speaker 3: a car. So there are legal slash slash tax ramifications

452
00:20:56,040 --> 00:20:59,399
Speaker 3: around all of that, and you well know it eighteen

453
00:20:59,480 --> 00:20:59,919
Speaker 3: minutes too.

454
00:21:01,560 --> 00:21:06,119
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

455
00:21:06,200 --> 00:21:07,200
Speaker 1: by News Talks a B.

456
00:21:08,440 --> 00:21:10,840
Speaker 3: Here we go, Mike, we still need mont Cash Americana

457
00:21:10,880 --> 00:21:13,480
Speaker 3: three hundred plus cars yesterday Openinaki selling the food. The

458
00:21:13,520 --> 00:21:15,520
Speaker 3: Wi Fi connection wasn't working. How many times you've been

459
00:21:15,560 --> 00:21:18,040
Speaker 3: an affair where that's happened? Cash was gold? Mike, My

460
00:21:18,119 --> 00:21:22,160
Speaker 3: hairdresser only uses cash. That's unusual, Mark, that's weird, bit

461
00:21:22,280 --> 00:21:24,000
Speaker 3: rich for the banks, and that's the other that's the

462
00:21:24,080 --> 00:21:26,320
Speaker 3: key to this. I'll come back to the profit. Who

463
00:21:26,440 --> 00:21:28,800
Speaker 3: was it yesterday? Walworth's. There are certain people in this country.

464
00:21:28,880 --> 00:21:33,040
Speaker 3: We don't like supermarkets, airlines, banks, and if it's costing

465
00:21:33,040 --> 00:21:36,280
Speaker 3: one hundred million dollars to have a shedload of ATMs

466
00:21:36,320 --> 00:21:38,200
Speaker 3: up and down the country, we don't care because we

467
00:21:38,280 --> 00:21:41,440
Speaker 3: don't like banks, and in theory, we like cash, whether

468
00:21:41,520 --> 00:21:44,600
Speaker 3: we use them or not. Sir Roger's using the logical argument,

469
00:21:44,720 --> 00:21:48,000
Speaker 3: and he's right, isn'tdisputably right, But we want to use

470
00:21:48,080 --> 00:21:51,440
Speaker 3: the illogical argument, which is we like cash. Full stop,

471
00:21:51,640 --> 00:21:52,119
Speaker 3: fourteen to.

472
00:21:52,119 --> 00:21:56,440
Speaker 1: Two International correspondence with ends and eye insurance, Peace of

473
00:21:56,520 --> 00:21:57,800
Speaker 1: mind for New Zealand business.

474
00:21:57,960 --> 00:22:02,320
Speaker 3: Oh my god, Joe McKenna, how are you. I'm on

475
00:22:02,440 --> 00:22:04,560
Speaker 3: top of the world, good one, as you should be.

476
00:22:04,680 --> 00:22:07,159
Speaker 3: And how is Melbourne? Was Melbourne the place to be

477
00:22:07,280 --> 00:22:07,880
Speaker 3: for your holiday?

478
00:22:08,880 --> 00:22:10,880
Speaker 16: Melbourne was hot and cold at the same time.

479
00:22:11,040 --> 00:22:12,080
Speaker 3: Why is that a surprise?

480
00:22:12,640 --> 00:22:12,680
Speaker 10: No?

481
00:22:13,000 --> 00:22:15,200
Speaker 3: Exactly exactly, but was it good to get out of It?

482
00:22:15,440 --> 00:22:17,600
Speaker 3: Just seems ironic that Rome, one of the great tourist

483
00:22:17,640 --> 00:22:19,720
Speaker 3: centers of the world. You escaped to go somewhere else.

484
00:22:19,920 --> 00:22:22,440
Speaker 3: It's funny, eh, yeah, it was nice to have a

485
00:22:22,520 --> 00:22:24,760
Speaker 3: bit of summer weather. I have to say. Good stuff. Now,

486
00:22:24,880 --> 00:22:29,240
Speaker 3: Maloney the business of the tariffs? Where she at with that?

487
00:22:30,480 --> 00:22:30,680
Speaker 12: Yeah?

488
00:22:30,840 --> 00:22:32,800
Speaker 16: Well, this whole thing, as we know, is just up

489
00:22:32,880 --> 00:22:35,000
Speaker 16: and down and all over the place. With the US

490
00:22:35,040 --> 00:22:40,520
Speaker 16: President Donald Trump announcing new fifteen percent global tariffs, Maloney's

491
00:22:40,560 --> 00:22:44,960
Speaker 16: come under criticism, under fire from her rivals because she's

492
00:22:45,040 --> 00:22:48,400
Speaker 16: remained silent. There's been very little reaction from the government,

493
00:22:48,920 --> 00:22:52,520
Speaker 16: and the opposition is saying she should be defending Italian businesses.

494
00:22:53,320 --> 00:22:56,040
Speaker 16: The head of the Five Star movement, Jiuseppe Contact, asked,

495
00:22:56,200 --> 00:23:00,240
Speaker 16: is anybody home in the Prime Minister's office? But soos

496
00:23:00,320 --> 00:23:03,640
Speaker 16: dances In sharp contrast to the EU, the European Commission

497
00:23:03,680 --> 00:23:06,719
Speaker 16: this week demanded that the US adhere to its earlier

498
00:23:06,800 --> 00:23:10,080
Speaker 16: trade deal reached last year. I think at the moment, Mike,

499
00:23:10,200 --> 00:23:13,120
Speaker 16: it's anybody's guess what's going to happen. We don't really

500
00:23:13,240 --> 00:23:16,040
Speaker 16: know whether these new tariffs are going to go through

501
00:23:16,080 --> 00:23:17,280
Speaker 16: in their current form or night.

502
00:23:17,680 --> 00:23:19,359
Speaker 3: Yeah. No, the interesting thing is about the trade deal.

503
00:23:19,400 --> 00:23:20,800
Speaker 3: Trump was talking about that in the State of the

504
00:23:20,880 --> 00:23:23,440
Speaker 3: Union yesterday and that he was arguing that the people

505
00:23:23,480 --> 00:23:25,560
Speaker 3: who have done the deals like the deals, and therefore

506
00:23:25,600 --> 00:23:27,520
Speaker 3: they stay. But they've done the deals based on the

507
00:23:27,600 --> 00:23:31,399
Speaker 3: IEPA thing, and the Supreme Court rules them illegal, then

508
00:23:31,440 --> 00:23:33,440
Speaker 3: what do you do? And of course that's before you

509
00:23:33,480 --> 00:23:35,600
Speaker 3: get to you got tariffs all over the place, depending

510
00:23:35,600 --> 00:23:37,119
Speaker 3: whether it's steal or whether it's alls.

511
00:23:38,040 --> 00:23:41,280
Speaker 16: Yeah, and perhaps that's a justification for Georgia Maloney remain

512
00:23:41,520 --> 00:23:43,879
Speaker 16: remaining silent at this point. Why she figures out what

513
00:23:44,000 --> 00:23:45,359
Speaker 16: happens next exactly.

514
00:23:45,440 --> 00:23:45,560
Speaker 15: Now.

515
00:23:45,640 --> 00:23:48,720
Speaker 3: This police guy who planted the gun, I'm assuming this

516
00:23:48,840 --> 00:23:51,879
Speaker 3: hasn't gone well, Yeah, I.

517
00:23:51,880 --> 00:23:55,359
Speaker 16: Mean, it's an interesting case. An Italian police officer shot

518
00:23:55,640 --> 00:23:59,560
Speaker 16: a drug dealer dead and planted a replica pistol by

519
00:23:59,640 --> 00:24:03,240
Speaker 16: his boy to claim self defense. That has been admitted

520
00:24:03,480 --> 00:24:08,680
Speaker 16: by himself and by prosecutors, and of course the police

521
00:24:08,920 --> 00:24:13,440
Speaker 16: are running for cover. But Maloney's allies, including Matteo Sloveni

522
00:24:13,520 --> 00:24:18,520
Speaker 16: from the far right League rallied around Carmelo Chintorino, this

523
00:24:18,720 --> 00:24:22,639
Speaker 16: police officer after the shooting took place, arguing that this

524
00:24:23,000 --> 00:24:27,280
Speaker 16: was a justification for the government introducing a new law

525
00:24:27,760 --> 00:24:30,600
Speaker 16: aimed at giving more protection to police officers who want

526
00:24:30,640 --> 00:24:33,960
Speaker 16: to use their weapons in self defense. So it's turned

527
00:24:33,960 --> 00:24:36,440
Speaker 16: into a bit of a mess for the government on

528
00:24:36,560 --> 00:24:37,560
Speaker 16: this particular issue.

529
00:24:37,680 --> 00:24:41,240
Speaker 3: Speaking of watching a mess the AI slop, Why Gucci,

530
00:24:41,280 --> 00:24:43,040
Speaker 3: I've seen the phone? Why Gucci done what they've done?

531
00:24:43,080 --> 00:24:43,359
Speaker 3: Do we know?

532
00:24:44,760 --> 00:24:44,879
Speaker 5: Well?

533
00:24:44,960 --> 00:24:46,840
Speaker 16: It seems to be a trend now in the fashion

534
00:24:46,920 --> 00:24:49,640
Speaker 16: industry where not only Gucci but some of the other

535
00:24:49,720 --> 00:24:54,120
Speaker 16: companies are using AI to generate images, probably to reduce

536
00:24:54,200 --> 00:24:56,879
Speaker 16: their costs in terms of advertising production and so on.

537
00:24:58,040 --> 00:25:02,480
Speaker 16: The latest scandal is Gucci using AI to create images

538
00:25:02,520 --> 00:25:07,480
Speaker 16: of an elderly woman that's used in advertising a model

539
00:25:07,520 --> 00:25:11,960
Speaker 16: strutting down the runway with photographers falling behind her. That

540
00:25:12,080 --> 00:25:15,600
Speaker 16: was another one that was released in December, so plenty

541
00:25:15,640 --> 00:25:18,600
Speaker 16: of concern about what that means for advertising and models.

542
00:25:18,720 --> 00:25:19,879
Speaker 16: I think going into the future.

543
00:25:20,920 --> 00:25:23,359
Speaker 3: Couple of random questions. You knew you were looking forward

544
00:25:23,359 --> 00:25:25,639
Speaker 3: to these coming back from holiday. I note it was

545
00:25:26,080 --> 00:25:28,160
Speaker 3: and bear Ritz yesterday, which of course is not Italy.

546
00:25:28,200 --> 00:25:30,000
Speaker 3: It was twenty seven degrees. Are you getting any warmth?

547
00:25:30,040 --> 00:25:32,640
Speaker 3: There is there any unseasonal warmth or of cold winter?

548
00:25:33,880 --> 00:25:37,640
Speaker 16: Look, it's been quite warm, about fifteen degrees this week.

549
00:25:38,119 --> 00:25:40,840
Speaker 16: I'm in Milan today. It's quite warm, but the heat

550
00:25:40,960 --> 00:25:44,880
Speaker 16: is still on at night. So yeah, some encouraging signs.

551
00:25:45,000 --> 00:25:47,359
Speaker 16: But we had a very cold December, I think, so

552
00:25:48,080 --> 00:25:49,000
Speaker 16: it is a bit warmer now.

553
00:25:49,240 --> 00:25:51,159
Speaker 3: I noticed also the bones of s Francis of a

554
00:25:51,240 --> 00:25:53,840
Speaker 3: CC have gone on public display. Are they worth seeing?

555
00:25:53,960 --> 00:25:55,560
Speaker 3: Would you recommend I go to them?

556
00:25:55,920 --> 00:25:56,320
Speaker 17: Do you know what?

557
00:25:56,880 --> 00:25:58,680
Speaker 16: I would really love to go and take a look

558
00:25:58,720 --> 00:26:01,399
Speaker 16: at that, because that too of Saint Francis up in

559
00:26:01,440 --> 00:26:04,720
Speaker 16: a city has a lot of interest, and I found

560
00:26:04,760 --> 00:26:06,920
Speaker 16: it really fascinating when I went there a few years ago.

561
00:26:07,400 --> 00:26:11,440
Speaker 16: Apparently the Vatican told me four hundred thousand pilgrims have

562
00:26:11,880 --> 00:26:14,560
Speaker 16: been to see these bones in the first two days,

563
00:26:15,920 --> 00:26:17,680
Speaker 16: and I think get mad leading up.

564
00:26:17,600 --> 00:26:20,560
Speaker 3: To yeah, well, I don't queue that's my next problem,

565
00:26:20,680 --> 00:26:23,639
Speaker 3: because you know, it's like it's only been on the

566
00:26:23,880 --> 00:26:26,760
Speaker 3: bones have only been on display once before, nineteen seventy

567
00:26:26,800 --> 00:26:28,480
Speaker 3: eight for a single day. So this is this is

568
00:26:28,720 --> 00:26:30,000
Speaker 3: kind of history in the making, isn't it.

569
00:26:31,040 --> 00:26:32,840
Speaker 16: Yeah, I think it's pretty exciting. I'd like to go

570
00:26:32,960 --> 00:26:34,520
Speaker 16: up there, but like you, I don't really want to

571
00:26:34,560 --> 00:26:35,440
Speaker 16: deal with the crowds.

572
00:26:35,720 --> 00:26:37,640
Speaker 3: No, and you also don't have any annual leave because

573
00:26:37,640 --> 00:26:40,680
Speaker 3: you've just been on holiday. So get back to what

574
00:26:41,000 --> 00:26:42,960
Speaker 3: nice to see if I can take a look, Okay,

575
00:26:43,000 --> 00:26:44,639
Speaker 3: I'm nice to see you. Joe McKenna, out of it

576
00:26:44,960 --> 00:26:46,320
Speaker 3: for us this morning Night Away from.

577
00:26:46,280 --> 00:26:51,480
Speaker 1: Seven The Mike Hosking Breakfast with a Vida, Retirement, Communities News,

578
00:26:51,560 --> 00:26:52,159
Speaker 1: togs Head.

579
00:26:52,040 --> 00:26:54,400
Speaker 3: Be Yescious King, Mike go to the Tower, reper Road,

580
00:26:54,480 --> 00:26:57,480
Speaker 3: Taupo shops, banking machines and constant use any weekend morning

581
00:26:57,800 --> 00:26:59,600
Speaker 3: Mike having a stall at the Farmer's markets. We all

582
00:26:59,600 --> 00:27:02,240
Speaker 3: need to be to take cash, hefposs machine connections and underliable.

583
00:27:02,320 --> 00:27:04,760
Speaker 3: Don't don't get bogged down in the minutia of this.

584
00:27:04,920 --> 00:27:07,320
Speaker 3: What the Reserve Bank is suggesting is we need more

585
00:27:07,400 --> 00:27:10,520
Speaker 3: machines you can get cash. Cash hasn't disappeared. It's not

586
00:27:10,680 --> 00:27:14,399
Speaker 3: like it's not like gold, it's still readily available. You

587
00:27:14,480 --> 00:27:16,399
Speaker 3: can still go to a dairy. There are still machines,

588
00:27:16,440 --> 00:27:19,760
Speaker 3: there are still banks. All they're talking about is just

589
00:27:19,840 --> 00:27:23,520
Speaker 3: an increase availability of it. But we'll see what they

590
00:27:24,040 --> 00:27:27,000
Speaker 3: feedback publicly. See's five minutes away from seven.

591
00:27:28,720 --> 00:27:29,359
Speaker 4: And the outs.

592
00:27:29,680 --> 00:27:33,760
Speaker 1: It's the biz with business tiber take your business productivity

593
00:27:33,840 --> 00:27:34,080
Speaker 1: to the.

594
00:27:34,160 --> 00:27:37,080
Speaker 3: Next level very shortly. Just more records after records. But

595
00:27:37,160 --> 00:27:39,400
Speaker 3: speaking which, Zesbury have come to us this morning. Their

596
00:27:39,480 --> 00:27:41,800
Speaker 3: previous goal of four point five billion in global sales

597
00:27:41,840 --> 00:27:45,719
Speaker 3: by twenty twenty five are they're now looking at six billion.

598
00:27:46,320 --> 00:27:48,640
Speaker 3: They're aiming to become the world's healthiest fruit brand as well.

599
00:27:48,680 --> 00:27:50,840
Speaker 3: This is their new news this morning. There they want

600
00:27:50,880 --> 00:27:53,760
Speaker 3: a double potentially triple sales revenue. They want to double

601
00:27:53,840 --> 00:27:56,879
Speaker 3: per hect their returns. They want to lift Zesbur's global

602
00:27:56,920 --> 00:27:59,160
Speaker 3: share of the fruit bowl from zero point six five

603
00:27:59,200 --> 00:28:01,560
Speaker 3: percent to zero point eight percent. It's a lot of fruits,

604
00:28:01,600 --> 00:28:04,440
Speaker 3: a lot of bowl. They want to be between ten

605
00:28:04,480 --> 00:28:06,520
Speaker 3: to fifteen billion in revenue in the next ten years.

606
00:28:06,880 --> 00:28:09,080
Speaker 3: And just think about those numbers. I remember when Zesbre

607
00:28:09,520 --> 00:28:12,840
Speaker 3: cracked through two. Now they're talking ten to fifteen each year.

608
00:28:13,280 --> 00:28:15,480
Speaker 3: They're currently grind volume by seven to ten percent, but

609
00:28:15,520 --> 00:28:17,880
Speaker 3: they're still growing value and that is the critical part.

610
00:28:17,960 --> 00:28:21,640
Speaker 3: Volumes one thing, values the other, so volume seven to ten,

611
00:28:21,680 --> 00:28:25,800
Speaker 3: but they want value ten to fifteen. So two hundred

612
00:28:25,840 --> 00:28:27,600
Speaker 3: and fifteen million trays. I gave you that one the

613
00:28:27,640 --> 00:28:29,440
Speaker 3: other day. That's when the season just gone. Two hundred

614
00:28:29,440 --> 00:28:31,320
Speaker 3: and fifteen million trays. What they're now aiming for in

615
00:28:31,359 --> 00:28:35,400
Speaker 3: the next decade is three hundred and eighty to four

616
00:28:35,680 --> 00:28:39,840
Speaker 3: hundred million, so, in other words, virtually doubling business brand

617
00:28:39,960 --> 00:28:42,800
Speaker 3: premium score. That's the thing. It's a number you get

618
00:28:43,400 --> 00:28:47,040
Speaker 3: where companies measure customer loyalty, marketing effectiveness, the ability to

619
00:28:47,040 --> 00:28:51,120
Speaker 3: command higher prices compared to other products. Currently, their brand

620
00:28:51,160 --> 00:28:53,760
Speaker 3: score is one hundred and ten and it's one hundred

621
00:28:53,760 --> 00:28:55,560
Speaker 3: and ten and forty percent of their key markets. Their

622
00:28:55,640 --> 00:28:58,200
Speaker 3: goal is for all of its core markets to hit

623
00:28:58,320 --> 00:29:00,680
Speaker 3: one hundred and ten within a five to ten year target.

624
00:29:01,040 --> 00:29:03,560
Speaker 3: So they seemingly as well, can do no wrong. And

625
00:29:03,600 --> 00:29:06,520
Speaker 3: I were reminded once again it wasn't that long ago

626
00:29:07,520 --> 00:29:10,880
Speaker 3: that the headlines on Kiwi fruit was PSA, PSA, PSA

627
00:29:10,920 --> 00:29:14,320
Speaker 3: and PSA, and you're going, jeez, how does that ever

628
00:29:14,520 --> 00:29:16,480
Speaker 3: get off? How do they ever get off their knees

629
00:29:16,520 --> 00:29:18,480
Speaker 3: and get off their knees. They did and fly. So

630
00:29:18,560 --> 00:29:20,480
Speaker 3: that's the good news. Get to Derry in just a

631
00:29:20,520 --> 00:29:23,360
Speaker 3: couple of moments, wherein I didn't realize this is my fault.

632
00:29:23,880 --> 00:29:26,640
Speaker 3: We're in one hundred and forty markets for Derry. You know,

633
00:29:26,720 --> 00:29:28,440
Speaker 3: we always talk about China and America and all that

634
00:29:28,520 --> 00:29:31,280
Speaker 3: sort of stuff. We're in one hundred and forty markets.

635
00:29:31,320 --> 00:29:34,280
Speaker 3: We're in virtually every single country in the world. So

636
00:29:34,720 --> 00:29:37,600
Speaker 3: that celebration being you shortly. And then this weekend the

637
00:29:37,680 --> 00:29:41,440
Speaker 3: Indy cars returned Saint Pete, Florida, of course Scott McLaughlin's

638
00:29:41,480 --> 00:29:42,560
Speaker 3: as well as to raid the.

639
00:29:42,560 --> 00:29:47,880
Speaker 1: Client, the newsmakers and the personalities, the big names. Talk

640
00:29:48,160 --> 00:29:52,040
Speaker 1: to Mike the mic Hosking Breakfast, We're the defender, embraced

641
00:29:52,120 --> 00:29:53,400
Speaker 1: the impossible news.

642
00:29:53,320 --> 00:29:55,600
Speaker 3: Togsad B seven past seven, So got the State of

643
00:29:55,600 --> 00:29:57,960
Speaker 3: the Dairy Nation report out this morning. We have never

644
00:29:58,240 --> 00:30:00,680
Speaker 3: sold more of it, a record tw seven billion for

645
00:30:00,720 --> 00:30:02,600
Speaker 3: the twenty four to twenty five season, twenty one billion

646
00:30:02,680 --> 00:30:04,800
Speaker 3: liters produced and from fewer cows too. By the way,

647
00:30:05,200 --> 00:30:07,720
Speaker 3: we reach one hundred and forty markets, which is virtually everywhere,

648
00:30:08,040 --> 00:30:10,680
Speaker 3: and employing nearly fifty five thousand people. Campbell Park is

649
00:30:10,680 --> 00:30:13,000
Speaker 3: the CEO of Dairy New Zealand and as with as

650
00:30:13,040 --> 00:30:16,960
Speaker 3: Campbell Morning Morning, Mike. Does it feel like golden days?

651
00:30:18,600 --> 00:30:18,800
Speaker 15: Look?

652
00:30:18,840 --> 00:30:20,960
Speaker 18: I think it reflects the good work that farmers have

653
00:30:21,040 --> 00:30:23,520
Speaker 18: done over a long time and also the markets that

654
00:30:23,600 --> 00:30:26,960
Speaker 18: were operating in So certainly I was down at Woe

655
00:30:27,000 --> 00:30:29,000
Speaker 18: mumir Field days in Southern couple of weeks ago, and

656
00:30:29,040 --> 00:30:29,760
Speaker 18: farmers are very.

657
00:30:29,680 --> 00:30:32,360
Speaker 3: Positive because the numbers we're talking about something on farmers

658
00:30:32,400 --> 00:30:34,840
Speaker 3: on dairy farmers on average four hundred and something thousand

659
00:30:34,880 --> 00:30:37,640
Speaker 3: dollars with the sale of Fontira and all the other

660
00:30:37,720 --> 00:30:40,480
Speaker 3: bits and pieces going on. I mean that's it's raining

661
00:30:40,640 --> 00:30:42,000
Speaker 3: money or am I overstating it?

662
00:30:43,400 --> 00:30:46,920
Speaker 18: I think the most important thing about that particular injection

663
00:30:47,040 --> 00:30:49,120
Speaker 18: into the economy is it's money that's not currently in

664
00:30:49,160 --> 00:30:51,719
Speaker 18: the economy and you know that will be invested back

665
00:30:51,800 --> 00:30:53,400
Speaker 18: and then go around the economy. So that's good for

666
00:30:53,480 --> 00:30:53,920
Speaker 18: New Zealand.

667
00:30:54,040 --> 00:30:55,920
Speaker 3: Yeah, one hundred and forty markets. So where are we

668
00:30:56,000 --> 00:30:58,200
Speaker 3: at with markets in terms of there's virtually nowhere else

669
00:30:58,240 --> 00:31:00,400
Speaker 3: in the world to go, So what do we do?

670
00:31:00,560 --> 00:31:01,600
Speaker 3: Just grow what we've got?

671
00:31:02,760 --> 00:31:04,360
Speaker 18: I think it's also if you look at the work

672
00:31:04,440 --> 00:31:06,760
Speaker 18: that all the processes are doing also going up the

673
00:31:07,400 --> 00:31:10,600
Speaker 18: value chain into food services. And to know, one of

674
00:31:10,640 --> 00:31:12,760
Speaker 18: the beautiful things about milk is it can be turned

675
00:31:12,760 --> 00:31:13,760
Speaker 18: into lots of products.

676
00:31:14,640 --> 00:31:16,280
Speaker 3: Well, I was going to say about that, how much

677
00:31:16,320 --> 00:31:18,600
Speaker 3: of the money is coming in from what that core

678
00:31:18,800 --> 00:31:21,880
Speaker 3: ingredient stuff versus making it into something else where the

679
00:31:21,920 --> 00:31:24,320
Speaker 3: real though is or the margins are.

680
00:31:25,240 --> 00:31:27,520
Speaker 18: Yeah, look, I think you know, if you look at

681
00:31:27,520 --> 00:31:29,560
Speaker 18: the growth, it reflects well in terms of that the

682
00:31:29,640 --> 00:31:33,440
Speaker 18: processes are extracting value for farmers and that's important because

683
00:31:34,440 --> 00:31:36,560
Speaker 18: farmers are good at doing the work they do behind

684
00:31:36,600 --> 00:31:39,479
Speaker 18: the farm gate, and the processes are on the world stage.

685
00:31:40,000 --> 00:31:42,480
Speaker 3: The options this year four from four, so we're looking good.

686
00:31:42,600 --> 00:31:43,400
Speaker 3: Is there any end to this?

687
00:31:44,800 --> 00:31:47,640
Speaker 18: Well, it's eighteen percent up since the start of twenty

688
00:31:47,840 --> 00:31:49,880
Speaker 18: twenty six, so that's positive. And if you look at

689
00:31:49,880 --> 00:31:52,800
Speaker 18: the futures for next year, just looking at the yesterday

690
00:31:52,840 --> 00:31:55,720
Speaker 18: on INSX, they're still looking positive around nine sixty eight.

691
00:31:56,280 --> 00:31:59,280
Speaker 18: So things are still looking good and there appears to

692
00:31:59,400 --> 00:32:02,520
Speaker 18: be strong demand. But it is a cyclical business and

693
00:32:02,760 --> 00:32:04,920
Speaker 18: so farmers are always conscious of that.

694
00:32:05,200 --> 00:32:08,760
Speaker 3: Good on, nice to talk and congratulations Campbell. Parker, CEO

695
00:32:08,840 --> 00:32:11,520
Speaker 3: of Dry New Zealand. Nine and it's past seven. Come

696
00:32:11,560 --> 00:32:12,760
Speaker 3: back to that in just a couple of mons. Got

697
00:32:12,800 --> 00:32:14,600
Speaker 3: a very good question on the text. Maybe I'm weird,

698
00:32:14,960 --> 00:32:16,560
Speaker 3: but I loved it. I mean I loved it, almost

699
00:32:16,600 --> 00:32:18,520
Speaker 3: two hours of it. Yesterday State of the Union. Some

700
00:32:18,720 --> 00:32:21,120
Speaker 3: argue a chance for the president to reset. There were

701
00:32:21,200 --> 00:32:23,600
Speaker 3: heroes and medals, plenty of hot here in hyperbole than

702
00:32:23,600 --> 00:32:25,640
Speaker 3: only Trump is capable of, of course as well. John

703
00:32:25,720 --> 00:32:27,720
Speaker 3: Zogby is a polster and political author and.

704
00:32:27,880 --> 00:32:30,400
Speaker 2: Is with us, John Morning, Good morning.

705
00:32:30,800 --> 00:32:32,840
Speaker 3: There's a lot to like. Take Trump out and will

706
00:32:32,880 --> 00:32:35,160
Speaker 3: not Trump take the politics out of it for a minute.

707
00:32:35,400 --> 00:32:37,480
Speaker 3: When you see those people, the heroes, the medals, and

708
00:32:37,720 --> 00:32:40,040
Speaker 3: there's a lot about America to like, isn't there?

709
00:32:41,240 --> 00:32:45,040
Speaker 19: Oh, there certainly is. The American people are fine, and

710
00:32:45,480 --> 00:32:48,480
Speaker 19: they go to work, they live their lives. They pay

711
00:32:48,520 --> 00:32:51,200
Speaker 19: a little bit more or are a lot more, but

712
00:32:51,520 --> 00:32:56,000
Speaker 19: they deal with them. The politics are a mess right now.

713
00:32:57,040 --> 00:32:59,080
Speaker 3: Can't argue with that. The economic stuff he was trying

714
00:32:59,120 --> 00:33:02,640
Speaker 3: to sell yesterday. Is that missage resonating with anybody at

715
00:33:02,720 --> 00:33:04,800
Speaker 3: the gas station, at the grocery store or not.

716
00:33:06,120 --> 00:33:09,520
Speaker 19: You know, it isn't and and clearly prices are down

717
00:33:09,600 --> 00:33:13,479
Speaker 19: at the gasoline station, prices of some grocery items, retail

718
00:33:13,560 --> 00:33:17,280
Speaker 19: items are down. But for the most part, the notion

719
00:33:17,720 --> 00:33:22,200
Speaker 19: of inflation, lack of affordability, and and so on is

720
00:33:22,360 --> 00:33:25,840
Speaker 19: baked into the American psyche right now. They've lived with

721
00:33:25,960 --> 00:33:29,280
Speaker 19: it for a long time. If prices are indeed going

722
00:33:29,440 --> 00:33:34,560
Speaker 19: down in some uh in in some kinds of goods,

723
00:33:35,000 --> 00:33:38,760
Speaker 19: it's already that they are considerably higher than they were

724
00:33:38,840 --> 00:33:43,560
Speaker 19: two or three years ago. But the point is that, uh,

725
00:33:44,200 --> 00:33:47,920
Speaker 19: you know, the president uh you know, painted a rosy picture.

726
00:33:48,400 --> 00:33:52,600
Speaker 19: It was a good attempt at it, but uh, the

727
00:33:53,080 --> 00:33:57,000
Speaker 19: very early stamp shot pulling thus far indicate that he

728
00:33:57,200 --> 00:33:58,520
Speaker 19: really hasn't persuaded anyone.

729
00:33:58,520 --> 00:34:01,560
Speaker 3: I was going to say this, This didn't his midterm objective,

730
00:34:01,600 --> 00:34:03,720
Speaker 3: and this didn't move them and didn't move the needle.

731
00:34:04,920 --> 00:34:05,960
Speaker 2: No, it didn't.

732
00:34:06,000 --> 00:34:08,960
Speaker 19: I think he started out strong. He was less combative.

733
00:34:09,560 --> 00:34:14,160
Speaker 19: I think the patriotism at the end, you know, kind

734
00:34:14,200 --> 00:34:18,399
Speaker 19: of worked, especially for his base, but he was very

735
00:34:18,520 --> 00:34:23,920
Speaker 19: combative in the middle. He was taunting he democrats, they

736
00:34:23,960 --> 00:34:27,920
Speaker 19: were taunting back. There there were aside from the military heroes,

737
00:34:27,920 --> 00:34:31,319
Speaker 19: there weren't any other heroes sitting in those seats last night.

738
00:34:31,680 --> 00:34:37,960
Speaker 19: But just a reminder of what how degraded our politics have.

739
00:34:38,800 --> 00:34:41,160
Speaker 3: Yeah, it's amazed, there's no question about that. Do you

740
00:34:41,239 --> 00:34:42,880
Speaker 3: have a view on Iran? I mean there's a lot

741
00:34:42,920 --> 00:34:44,880
Speaker 3: of talk now he's he's built up a hell of

742
00:34:44,960 --> 00:34:47,239
Speaker 3: a military prisons, and you don't do that unless you're

743
00:34:47,239 --> 00:34:49,000
Speaker 3: gonna do something. And he got the loss from the

744
00:34:49,040 --> 00:34:50,719
Speaker 3: Supreme Court. Say do you get a loss from the

745
00:34:50,760 --> 00:34:52,560
Speaker 3: Supreme Court? You got the polls the way they are.

746
00:34:53,040 --> 00:34:55,120
Speaker 3: Does he need Iran and some bombs to drop?

747
00:34:56,360 --> 00:34:58,880
Speaker 19: He needs something? But I don't believe it's going to

748
00:34:58,920 --> 00:35:03,080
Speaker 19: be Iran plans. Have no love affair with Iran whatsoever.

749
00:35:03,400 --> 00:35:07,279
Speaker 19: And in the last few weeks, the outright murder, to

750
00:35:07,400 --> 00:35:10,920
Speaker 19: the degree that we're able to catch it in the news,

751
00:35:11,880 --> 00:35:16,759
Speaker 19: makes Iran even less favorable in the American mind. But

752
00:35:17,440 --> 00:35:20,640
Speaker 19: depending on how the question is asked and the level

753
00:35:20,719 --> 00:35:24,640
Speaker 19: of involvement, we're talking about anywhere from forty nine percent

754
00:35:24,760 --> 00:35:28,840
Speaker 19: to seventy percent do not want any invasion of Iran

755
00:35:29,280 --> 00:35:33,280
Speaker 19: at all whatsoever, under any circumstances.

756
00:35:33,640 --> 00:35:36,040
Speaker 3: Nice talk to you, John, John Zogby, who's aposter and

757
00:35:36,040 --> 00:35:38,919
Speaker 3: political author with us coming up thirteen past seven, Ask

758
00:35:38,920 --> 00:35:40,640
Speaker 3: game Mike, why were all the great news on the

759
00:35:40,719 --> 00:35:42,640
Speaker 3: deary and the zespri et cetera. Is the new Zealand

760
00:35:42,680 --> 00:35:45,400
Speaker 3: dollar so low? That's a very very good question. The

761
00:35:45,480 --> 00:35:48,400
Speaker 3: answer is complex and depending on who you ask you,

762
00:35:48,440 --> 00:35:50,759
Speaker 3: we had a different answer every time. But the fact

763
00:35:50,800 --> 00:35:52,279
Speaker 3: that we sell a lot of stuff to the world

764
00:35:52,480 --> 00:35:56,360
Speaker 3: is not necessarily directly connected to the dollar. It's connected

765
00:35:56,400 --> 00:35:59,239
Speaker 3: to quality and demand and the fact that we are

766
00:35:59,320 --> 00:36:01,520
Speaker 3: selling so much the world is in fact based on

767
00:36:01,680 --> 00:36:04,120
Speaker 3: our dollar, and the lower our dollar is for export

768
00:36:04,239 --> 00:36:05,920
Speaker 3: is the better it is because you have to hand

769
00:36:05,960 --> 00:36:08,400
Speaker 3: over for what is it, forty four forty four p

770
00:36:09,040 --> 00:36:12,120
Speaker 3: you get a new Zealand dollar, fifty euro you get

771
00:36:12,160 --> 00:36:14,400
Speaker 3: a new Zealand dollar, eighty four Australian you get a

772
00:36:14,440 --> 00:36:16,919
Speaker 3: new Zealand dollar. Generally speaking, the reason of the dollar

773
00:36:16,960 --> 00:36:20,360
Speaker 3: is so low is our economy is still to emerge

774
00:36:20,400 --> 00:36:22,000
Speaker 3: in a way that the world looks at us and

775
00:36:22,120 --> 00:36:24,880
Speaker 3: goes that place is on fire in a nutshell.

776
00:36:25,200 --> 00:36:30,279
Speaker 1: Thirteen Past the Mike Asking Breakfast Full Show podcast on

777
00:36:30,520 --> 00:36:32,880
Speaker 1: iHeartRadio powered by News Talks at b.

778
00:36:34,520 --> 00:36:34,560
Speaker 12: SO.

779
00:36:34,719 --> 00:36:36,480
Speaker 3: Mike, the value is and what you turn the milk into.

780
00:36:36,560 --> 00:36:38,839
Speaker 3: But they just sold those businesses. No, don't get that wrong.

781
00:36:38,920 --> 00:36:41,279
Speaker 3: They're two completely different things. What I was referring to

782
00:36:41,520 --> 00:36:45,279
Speaker 3: is there are by products of bulk milk powder and

783
00:36:45,440 --> 00:36:48,880
Speaker 3: their nutritional ingredients that go into other products. So you

784
00:36:48,960 --> 00:36:50,839
Speaker 3: have shipped them off to places like Japan, they'll put

785
00:36:50,880 --> 00:36:53,080
Speaker 3: them in infant formula and gum and all sorts of

786
00:36:53,120 --> 00:36:55,960
Speaker 3: weird and wonderful things. And the cost per kilo retailer

787
00:36:56,040 --> 00:36:59,000
Speaker 3: that is extraordinary. So it's the ingredients, not that I'm

788
00:36:59,040 --> 00:37:00,799
Speaker 3: defending the sale. I don't defend the saale. I think

789
00:37:00,840 --> 00:37:02,879
Speaker 3: the sale is a mistake, but be bad as it may,

790
00:37:03,200 --> 00:37:05,319
Speaker 3: but just don't It's not into ice cream, so you're

791
00:37:05,320 --> 00:37:07,399
Speaker 3: talking about the end product. They've sold the ice cream,

792
00:37:07,480 --> 00:37:10,160
Speaker 3: the tip tops. What they're still doing, though, is making

793
00:37:10,280 --> 00:37:14,200
Speaker 3: nutritional ingredients, and that's where real money is. Anyway. Seventeen

794
00:37:14,200 --> 00:37:17,160
Speaker 3: past seven, couple of things in aviation. O'haki has been

795
00:37:17,200 --> 00:37:19,120
Speaker 3: given the green light overnight as a twenty four seven

796
00:37:19,160 --> 00:37:21,560
Speaker 3: backup runway. This is for emergencies and stuff like that.

797
00:37:21,920 --> 00:37:23,840
Speaker 3: Four and a half million to extend the air traffic

798
00:37:23,840 --> 00:37:25,839
Speaker 3: control because that needs to be twenty four seven now.

799
00:37:26,120 --> 00:37:28,279
Speaker 3: Also removes the need for airliance to carry that extra

800
00:37:28,360 --> 00:37:30,720
Speaker 3: fuel on certain routes. And James Meager is the Associate

801
00:37:30,800 --> 00:37:33,680
Speaker 3: Minister of Transport and is with us. Good morning morning, Mike,

802
00:37:33,840 --> 00:37:36,440
Speaker 3: So Harky A twenty four seven. Is this material? How

803
00:37:36,480 --> 00:37:37,880
Speaker 3: often you need to land a plane there?

804
00:37:38,760 --> 00:37:39,439
Speaker 14: Yeah, not often.

805
00:37:39,560 --> 00:37:41,040
Speaker 20: I think in the past couple of years it's been

806
00:37:41,080 --> 00:37:43,400
Speaker 20: once or twice on those occasions, but it's really been

807
00:37:43,440 --> 00:37:46,000
Speaker 20: official for the long haul flights to have that as

808
00:37:46,000 --> 00:37:49,360
Speaker 20: an alternative. We think that if it could result in

809
00:37:49,480 --> 00:37:52,680
Speaker 20: an additional couple of services coming to the country or

810
00:37:52,719 --> 00:37:54,640
Speaker 20: a couple of larger planes, that it all pay for itself.

811
00:37:54,719 --> 00:37:56,680
Speaker 3: Would they, I mean, why would you land it a

812
00:37:56,760 --> 00:37:58,560
Speaker 3: Harkier And if you did, how you're getting downtown and

813
00:37:58,600 --> 00:38:00,360
Speaker 3: all that, you know the logistics of it.

814
00:38:01,320 --> 00:38:01,400
Speaker 12: Well.

815
00:38:01,520 --> 00:38:04,640
Speaker 20: Essentially, Ihaki is used as a backup landing place if

816
00:38:04,840 --> 00:38:07,720
Speaker 20: Auckland or christ which are unavailable for those long haul flights.

817
00:38:08,200 --> 00:38:11,040
Speaker 20: I Harky's got the third longest runway in the country.

818
00:38:11,400 --> 00:38:13,880
Speaker 20: And if you're a wide body aircraft coming from Qatar

819
00:38:14,120 --> 00:38:16,680
Speaker 20: or Doha or something like that, you have to have

820
00:38:16,800 --> 00:38:19,640
Speaker 20: an alternative nominated. Now, if you're flying to Auckland and

821
00:38:19,680 --> 00:38:21,160
Speaker 20: your alternative is Christ it you have to.

822
00:38:21,160 --> 00:38:22,040
Speaker 4: Carry extra fuel.

823
00:38:22,080 --> 00:38:24,600
Speaker 20: That reduces your freight and your seats and reduces the

824
00:38:24,640 --> 00:38:26,879
Speaker 20: amount of I guess money you can make. So it's

825
00:38:26,920 --> 00:38:30,000
Speaker 20: a disincentive if they can't nominate o'hckey, and we think

826
00:38:30,040 --> 00:38:31,440
Speaker 20: m'll make a bit of a difference for the likes

827
00:38:31,480 --> 00:38:33,360
Speaker 20: of maybe Kataria or some of those airlines.

828
00:38:33,360 --> 00:38:35,560
Speaker 3: Okay, so when you start to handbreak on economic growth,

829
00:38:35,560 --> 00:38:36,440
Speaker 3: how do you justify that?

830
00:38:37,960 --> 00:38:41,640
Speaker 20: Well, as those airlines are choosing to downgrade the size

831
00:38:41,760 --> 00:38:44,520
Speaker 20: of their services, that means fewer people are coming to

832
00:38:44,600 --> 00:38:50,759
Speaker 20: New Zealand dollars. Yeah, so last year Qatar actually downgraded

833
00:38:50,800 --> 00:38:54,799
Speaker 20: the size of the air flights basically just the number

834
00:38:54,840 --> 00:38:57,160
Speaker 20: of people carried and the number of amount of fuel

835
00:38:57,239 --> 00:38:59,799
Speaker 20: edge to carry to a smaller plane. That mean few

836
00:39:00,280 --> 00:39:02,440
Speaker 20: just coming. And it has that economic impact a few

837
00:39:02,520 --> 00:39:05,319
Speaker 20: people here, few people spend their money, and fewer people

838
00:39:05,680 --> 00:39:06,480
Speaker 20: enjoying our country.

839
00:39:06,520 --> 00:39:09,759
Speaker 3: So the difference, Okay, good, While I got you this

840
00:39:09,920 --> 00:39:12,319
Speaker 3: Golden Air thing, this fund you're running, so Golden Air

841
00:39:12,360 --> 00:39:14,759
Speaker 3: get money. If they can't make it, it's because it's

842
00:39:14,800 --> 00:39:17,680
Speaker 3: a loan, discretionary loan. If they can't make it work,

843
00:39:17,719 --> 00:39:19,279
Speaker 3: they can't make it work. Are you putting our money

844
00:39:19,280 --> 00:39:19,640
Speaker 3: at risk?

845
00:39:20,960 --> 00:39:23,880
Speaker 20: No, it is alone, as you said, and we are

846
00:39:24,200 --> 00:39:26,759
Speaker 20: a priority in terms of paying it back. But all

847
00:39:26,800 --> 00:39:29,120
Speaker 20: these things do come with that's sight Cavat.

848
00:39:29,120 --> 00:39:29,400
Speaker 14: You're right.

849
00:39:29,440 --> 00:39:31,000
Speaker 20: If they can't make it work, then in the long

850
00:39:31,080 --> 00:39:32,400
Speaker 20: run we've got to find out a way to make

851
00:39:32,440 --> 00:39:35,359
Speaker 20: sure that we've got reliable regional connectivity. But we think

852
00:39:35,440 --> 00:39:37,920
Speaker 20: this is a good option. It's a concessionary low interest

853
00:39:38,000 --> 00:39:40,400
Speaker 20: loan to be able to allow them to refinance their

854
00:39:40,480 --> 00:39:43,760
Speaker 20: debt and make them upgrades. And that connection between Tarcica

855
00:39:44,000 --> 00:39:47,239
Speaker 20: and Nelson Wellington Academy is really important and the road

856
00:39:47,320 --> 00:39:49,200
Speaker 20: goes out and for slips, so we think we make

857
00:39:49,239 --> 00:39:49,520
Speaker 20: it work.

858
00:39:49,760 --> 00:39:51,920
Speaker 3: Where did origineer get Because I was reading about them

859
00:39:51,960 --> 00:39:54,040
Speaker 3: and their Westport to Wellington route, The suggestion was they

860
00:39:54,040 --> 00:39:55,640
Speaker 3: weren't going to get any money out of that fund,

861
00:39:55,680 --> 00:39:57,000
Speaker 3: did they? And if they didn't, why not?

862
00:39:58,400 --> 00:40:01,319
Speaker 20: So there's still some more application to be considered under

863
00:40:01,360 --> 00:40:03,719
Speaker 20: that fund. So we've sort of announced the first part

864
00:40:03,760 --> 00:40:05,640
Speaker 20: of it, and there's about twenty nine one million to

865
00:40:05,760 --> 00:40:08,399
Speaker 20: go in that fund. That'll be part of the mix.

866
00:40:08,480 --> 00:40:10,960
Speaker 20: I think with a number of other airlines, ourrigin are

867
00:40:11,000 --> 00:40:13,840
Speaker 20: in a slightly different situation because I think they are

868
00:40:13,960 --> 00:40:17,000
Speaker 20: less looking for things like debt support and more looking

869
00:40:17,120 --> 00:40:19,800
Speaker 20: for root subsidies and that's not something that the government

870
00:40:19,920 --> 00:40:20,879
Speaker 20: has gone to at this point.

871
00:40:20,920 --> 00:40:24,160
Speaker 3: All right, appreciate it. James Meager, Associate Minister of Transport,

872
00:40:24,239 --> 00:40:26,160
Speaker 3: come back to these move on orders in a moment

873
00:40:26,280 --> 00:40:27,040
Speaker 3: seven twenty.

874
00:40:28,760 --> 00:40:33,520
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

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00:40:33,640 --> 00:40:34,640
Speaker 1: by News Talk Zippy.

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00:40:36,680 --> 00:40:38,799
Speaker 3: Well, you go to like organizations, don't you, that stand

877
00:40:38,880 --> 00:40:40,920
Speaker 3: up for all the New Zealanders and they're prepared to

878
00:40:40,920 --> 00:40:42,920
Speaker 3: say when something is not fair. So gray Power has

879
00:40:42,960 --> 00:40:45,480
Speaker 3: been doing exactly that for decades. So grey Power has

880
00:40:45,600 --> 00:40:49,160
Speaker 3: chosen to partner with a hearing health provider, and so

881
00:40:49,320 --> 00:40:51,680
Speaker 3: that's worth paying attention to. They partner with Resonate Health,

882
00:40:51,680 --> 00:40:53,719
Speaker 3: of course, because their approach to hearing care aligns with

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00:40:53,800 --> 00:40:56,799
Speaker 3: what grey Power stands for. Transparency, fairness and making sure

884
00:40:56,840 --> 00:40:59,120
Speaker 3: that people are not pressured into spending thousands of dollars

885
00:40:59,239 --> 00:41:01,800
Speaker 3: up front. So, as you well know by now is

886
00:41:01,880 --> 00:41:04,000
Speaker 3: change the model. So instead of large one off costs,

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00:41:04,360 --> 00:41:06,880
Speaker 3: they offer this simple subscription gives access to top of

888
00:41:06,880 --> 00:41:10,480
Speaker 3: the range hearing aids, ongoing care, regular technology upgrades, without

889
00:41:10,520 --> 00:41:14,040
Speaker 3: locking people into big financial decisions. But this partnership, it's

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00:41:14,080 --> 00:41:16,960
Speaker 3: not just about pricing, it's about education and proper assessment

891
00:41:17,000 --> 00:41:19,759
Speaker 3: and supporting people to make informed choices about their hearing health.

892
00:41:20,120 --> 00:41:23,200
Speaker 3: So Gray Power would not put their name to something

893
00:41:23,280 --> 00:41:26,640
Speaker 3: they did not genuinely think benefited their members. That's why

894
00:41:26,680 --> 00:41:29,319
Speaker 3: they're linked up with Resonate. So if you're a grey

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00:41:29,360 --> 00:41:32,000
Speaker 3: Power member or you simply want hearing care, that's clear

896
00:41:32,080 --> 00:41:35,640
Speaker 3: and fair. Eight hundred resonate right, eight hundred Resonate which

897
00:41:35,680 --> 00:41:37,719
Speaker 3: is eight hundred seventy three seven sixty six to two

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00:41:38,160 --> 00:41:42,000
Speaker 3: or online at resonatehealth dot co dot nz. Husket seven

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Speaker 3: twenty four Huge reaction to yesterday's Politics Wednesday on homelessness

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00:41:45,239 --> 00:41:48,719
Speaker 3: and move on orders. Labour argue homelessness is up dramatically

901
00:41:49,160 --> 00:41:50,839
Speaker 3: and there is nowhere for these people to go. Will

902
00:41:50,840 --> 00:41:54,000
Speaker 3: the numbers out show that is simply not true In

903
00:41:54,080 --> 00:41:56,600
Speaker 3: Auckland anyway. Advocates working in the area tell us numbers

904
00:41:56,600 --> 00:42:00,319
Speaker 3: are down twenty nine percent, down twenty nine percent. Part

905
00:42:00,360 --> 00:42:01,840
Speaker 3: of that drop is due to the government funding in

906
00:42:01,920 --> 00:42:04,839
Speaker 3: October of last year to improve outreach, as well as

907
00:42:04,920 --> 00:42:06,960
Speaker 3: the provision of two hundred and seven housing places in

908
00:42:07,000 --> 00:42:09,120
Speaker 3: the Housing First program. So, like a lot of other

909
00:42:09,200 --> 00:42:12,240
Speaker 3: issues being raised as being disaster as the truth tells

910
00:42:12,280 --> 00:42:14,440
Speaker 3: a different story. Labour, as I've said, is going to

911
00:42:14,520 --> 00:42:17,440
Speaker 3: lose the election anyway, but their growing problem is reality

912
00:42:17,840 --> 00:42:21,080
Speaker 3: is smashing directly into their ideology. Their plan to this point,

913
00:42:21,480 --> 00:42:23,439
Speaker 3: and it was reflected well in the Hipkin so called

914
00:42:23,440 --> 00:42:25,840
Speaker 3: State of the Nation speech, is to tell you everything's

915
00:42:25,840 --> 00:42:28,120
Speaker 3: a mess. It's all broken, it's all been cocked up,

916
00:42:28,200 --> 00:42:30,920
Speaker 3: and it's going backwards. The theory is, if they set

917
00:42:30,960 --> 00:42:33,680
Speaker 3: the mood right, what they have to offer doesn't actually

918
00:42:33,719 --> 00:42:35,440
Speaker 3: need to be a thing. Hence they've got no policies

919
00:42:35,480 --> 00:42:38,040
Speaker 3: outside their capital gains tax. You're in a funk. You

920
00:42:38,120 --> 00:42:40,800
Speaker 3: vote the government out because they've convinced you that life sucks,

921
00:42:41,280 --> 00:42:44,600
Speaker 3: except the evidence that it is well. That it's starting

922
00:42:44,640 --> 00:42:47,359
Speaker 3: to arrive in volume, as we've just talked about this morning.

923
00:42:47,440 --> 00:42:50,360
Speaker 3: Growth is up, spendings up, confidence up, performance and schools

924
00:42:50,480 --> 00:42:52,920
Speaker 3: is up. Kids are actually turning up at school. Our

925
00:42:53,000 --> 00:42:55,680
Speaker 3: large industrial relations deals are being signed off, so strikes

926
00:42:55,719 --> 00:42:58,600
Speaker 3: are off, crime is down, and now homelessness is down

927
00:42:58,640 --> 00:43:02,560
Speaker 3: as well. November, employment will have turned and the picture

928
00:43:02,600 --> 00:43:05,239
Speaker 3: broadly will be complete see it's hard to compete against

929
00:43:05,280 --> 00:43:07,960
Speaker 3: good economic news, hard to compete against positive social news

930
00:43:08,040 --> 00:43:11,279
Speaker 3: like the homelessness snats, and really hard. And this is

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00:43:11,280 --> 00:43:13,320
Speaker 3: where Labor and the Greens are blowing it against the

932
00:43:13,440 --> 00:43:17,200
Speaker 3: wider will and view of the populace. On move on

933
00:43:17,440 --> 00:43:20,040
Speaker 3: orders like the gang patches and like the ram raids

934
00:43:20,440 --> 00:43:24,440
Speaker 3: crackdowns are popular. Defending crooks and drug addicts and trouble

935
00:43:24,520 --> 00:43:28,560
Speaker 3: makers is not a vote getter, asking, Mike, just curious

936
00:43:28,600 --> 00:43:30,400
Speaker 3: when you do an interview, Does the interview we know

937
00:43:30,480 --> 00:43:33,719
Speaker 3: the questions in advance? Absolutely not. I'm disappointed you need

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00:43:33,760 --> 00:43:37,160
Speaker 3: to ask the question under no circumstances ever, does a

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00:43:37,200 --> 00:43:40,240
Speaker 3: person know what the questions are? In fact, small insight,

940
00:43:40,880 --> 00:43:44,000
Speaker 3: I often don't know what the questions are, Mike. Can

941
00:43:44,040 --> 00:43:46,319
Speaker 3: you ask nicol in New Zealand about a heark here

942
00:43:46,360 --> 00:43:48,440
Speaker 3: tomorrow should mean more saleable seats to the New York

943
00:43:48,440 --> 00:43:50,759
Speaker 3: Auckland League. Really, would you slip all the way out

944
00:43:50,800 --> 00:43:54,000
Speaker 3: to a Herkier just to fly to New York Meridian.

945
00:43:54,560 --> 00:43:56,840
Speaker 3: This goes back to our banking discussion in cash earlier.

946
00:43:56,840 --> 00:43:58,799
Speaker 3: There's a couple of companies, the power companies this week

947
00:43:58,800 --> 00:44:01,000
Speaker 3: in reporting seasonable worth as well and we'll get to that.

948
00:44:01,480 --> 00:44:03,520
Speaker 3: But Meridian came in with two hundred and twenty seven

949
00:44:03,560 --> 00:44:06,920
Speaker 3: million net profit favorable wind and hydro see. I mean,

950
00:44:06,960 --> 00:44:09,919
Speaker 3: do you blame Meridian for being profitable the wind blew

951
00:44:10,239 --> 00:44:12,960
Speaker 3: and the it rained, which is not really their thing,

952
00:44:12,960 --> 00:44:14,880
Speaker 3: although one of the things they did say yesterday a

953
00:44:15,080 --> 00:44:19,719
Speaker 3: core part of our business is to manage weather variability. Now,

954
00:44:19,719 --> 00:44:22,600
Speaker 3: how do you do that? So thereinto they've got so

955
00:44:22,680 --> 00:44:25,160
Speaker 3: you've got a solar panel, and you've got a windmill,

956
00:44:25,520 --> 00:44:28,239
Speaker 3: and you've got a lake. How are you controlling any

957
00:44:28,280 --> 00:44:30,960
Speaker 3: of that or are you just because of the diversification.

958
00:44:31,080 --> 00:44:33,600
Speaker 3: Is that what you're arguing, Because of the diversification, the

959
00:44:33,680 --> 00:44:36,120
Speaker 3: weather can be controlled, although it's not being controlled. It's

960
00:44:36,160 --> 00:44:38,560
Speaker 3: just you've got one thing that will work at some point.

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00:44:38,960 --> 00:44:41,160
Speaker 3: Is that what they're saying news in a moment, Then

962
00:44:41,200 --> 00:44:43,759
Speaker 3: we'll get to the business of driver's cars and a

963
00:44:43,880 --> 00:44:45,719
Speaker 3: Kiwi at the point the end of.

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00:44:45,760 --> 00:44:51,319
Speaker 1: That credible, compelling the breakfast show, you can't bess it's

965
00:44:51,400 --> 00:44:55,399
Speaker 1: the Mic Hosking Breakfast with Bailey's real Estate altogether better

966
00:44:55,480 --> 00:44:58,080
Speaker 1: across residential, commercial and rural news.

967
00:44:58,160 --> 00:44:59,320
Speaker 4: Togs Head been Ludo.

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00:44:59,200 --> 00:45:02,560
Speaker 3: John McGlocklin acting with US half lighted clock Indcent Peaks

969
00:45:03,200 --> 00:45:06,759
Speaker 3: and Florida this weekend, of course, with a prospect of

970
00:45:06,800 --> 00:45:09,239
Speaker 3: a much better season this year than LASO looking forward

971
00:45:09,280 --> 00:45:10,960
Speaker 3: to the catch up meantime of twenty three minutes away

972
00:45:11,000 --> 00:45:13,600
Speaker 3: from a self driving tech world has a strong New

973
00:45:13,680 --> 00:45:16,160
Speaker 3: Zealand presence with Wave or Wavy. I'll get to that

974
00:45:16,239 --> 00:45:18,440
Speaker 3: bit in the moment. They've secured a one point five

975
00:45:18,480 --> 00:45:21,120
Speaker 3: billion dollar capital raise to support commercial roll out of

976
00:45:21,160 --> 00:45:23,800
Speaker 3: their robo taxis now. The funding includes people like Mercedes,

977
00:45:23,920 --> 00:45:28,840
Speaker 3: Nis and Stilantis, Microsoft and Video Waby CEO Alex Kendle's

978
00:45:28,880 --> 00:45:33,400
Speaker 3: with us. Alex morning, Good morning Mike. Now is it

979
00:45:33,560 --> 00:45:34,520
Speaker 3: Wave or Wavy?

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00:45:36,360 --> 00:45:37,000
Speaker 4: That's Wave.

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00:45:37,480 --> 00:45:40,400
Speaker 21: I called the company Wave because I wanted it to

982
00:45:40,480 --> 00:45:42,320
Speaker 21: feel like when you're in a self driving car, like

983
00:45:42,400 --> 00:45:45,279
Speaker 21: you're catching a wave. So it's all about riding the

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00:45:45,280 --> 00:45:45,719
Speaker 21: wave home.

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00:45:45,920 --> 00:45:48,040
Speaker 3: Okay, what does the one point five billion get you.

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00:45:48,160 --> 00:45:48,800
Speaker 6: Or do for you?

987
00:45:51,520 --> 00:45:54,560
Speaker 21: Hey, this isn't an enormous capital raise. It's a real

988
00:45:54,600 --> 00:45:57,480
Speaker 21: privilege for us because we've been building this technology for

989
00:45:57,560 --> 00:46:00,600
Speaker 21: a decade and it gives us the opportunity now to

990
00:46:00,640 --> 00:46:04,239
Speaker 21: go commercialize it. We've taken a different approach a contrarian

991
00:46:04,280 --> 00:46:07,040
Speaker 21: approach to the self driving problem. It's different from what

992
00:46:07,200 --> 00:46:10,080
Speaker 21: you see from the robotaxis on the road in China

993
00:46:10,200 --> 00:46:13,880
Speaker 21: or the US today, and this was one that was

994
00:46:13,920 --> 00:46:17,720
Speaker 21: once contrarion. But this capital raise really illustrates the breadth

995
00:46:17,800 --> 00:46:20,480
Speaker 21: of support we and our seeing for this approach, with

996
00:46:20,600 --> 00:46:22,719
Speaker 21: some of the biggest car companies in the world backing it,

997
00:46:23,239 --> 00:46:25,840
Speaker 21: as well as technology giants like the ones you listed.

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00:46:25,960 --> 00:46:28,000
Speaker 3: As best as you can, because it's sort of a

999
00:46:28,360 --> 00:46:31,799
Speaker 3: that's my main interest in this, how many pathways are

1000
00:46:31,920 --> 00:46:36,000
Speaker 3: there to a car that can drive itself technically speaking?

1001
00:46:38,440 --> 00:46:43,040
Speaker 21: Well, So the previous approach has really revolved around telling

1002
00:46:43,120 --> 00:46:45,680
Speaker 21: the car how to drive, mapping an environment, telling it

1003
00:46:45,760 --> 00:46:49,160
Speaker 21: where and how to go. And the problem with that

1004
00:46:49,520 --> 00:46:51,680
Speaker 21: is that the world we live in is so complex

1005
00:46:51,760 --> 00:46:54,000
Speaker 21: and it's unbelievably hard to be able to do that,

1006
00:46:54,760 --> 00:46:57,400
Speaker 21: very expensive, maybe not even possible to do at scale.

1007
00:46:57,960 --> 00:47:00,560
Speaker 21: So what we did is took an approach of training

1008
00:47:00,640 --> 00:47:03,880
Speaker 21: and artificial intelligence and AI that could learn the complexities

1009
00:47:03,880 --> 00:47:05,960
Speaker 21: of the world we live in. And we've shown now

1010
00:47:06,000 --> 00:47:07,840
Speaker 21: that this is a system that can drive all around

1011
00:47:07,880 --> 00:47:10,319
Speaker 21: the world and multiple continents and places it's never been

1012
00:47:10,360 --> 00:47:13,040
Speaker 21: in before. In many different vehicles. And so now the

1013
00:47:13,120 --> 00:47:16,040
Speaker 21: more interesting question is how do you commercialize this technology,

1014
00:47:16,480 --> 00:47:18,040
Speaker 21: And there are three different ways to do that.

1015
00:47:18,200 --> 00:47:18,320
Speaker 2: You know.

1016
00:47:18,400 --> 00:47:20,560
Speaker 21: One is you could sell your own cars, that's what

1017
00:47:20,680 --> 00:47:23,160
Speaker 21: Tesla's doing. The problem with that is you're limited to

1018
00:47:23,280 --> 00:47:26,320
Speaker 21: just the cars you sell. The second option is you

1019
00:47:26,400 --> 00:47:28,759
Speaker 21: can run your own fleets and you see that the

1020
00:47:28,960 --> 00:47:31,800
Speaker 21: Google Weimo robotaxis. But the problem with this is you

1021
00:47:31,880 --> 00:47:33,840
Speaker 21: have to go cety by cety and your rollout. And

1022
00:47:33,920 --> 00:47:36,680
Speaker 21: so we've taken a third option, which is to license

1023
00:47:36,760 --> 00:47:39,120
Speaker 21: this technology to car companies and fleets around the world.

1024
00:47:39,480 --> 00:47:41,319
Speaker 21: And that brings us to the larger scale. And it's

1025
00:47:41,400 --> 00:47:44,680
Speaker 21: only possible because the AI we've built is so flexible

1026
00:47:44,719 --> 00:47:47,440
Speaker 21: and its ability to drive in different vehicles in different places,

1027
00:47:47,880 --> 00:47:49,560
Speaker 21: and we think this is what's going to bring self

1028
00:47:49,640 --> 00:47:51,000
Speaker 21: driving technology worldwide.

1029
00:47:51,200 --> 00:47:54,120
Speaker 3: So when you say license, that's an ongoing payment from

1030
00:47:54,200 --> 00:47:56,640
Speaker 3: the SADES on this and a stilantis to you and

1031
00:47:57,040 --> 00:47:59,680
Speaker 3: with updates coming as tech advances and all that sort

1032
00:47:59,719 --> 00:48:00,000
Speaker 3: of stuff.

1033
00:48:01,920 --> 00:48:06,400
Speaker 21: That's right. Every bit of experience AI driver has from

1034
00:48:06,520 --> 00:48:09,720
Speaker 21: vehicles around the world, it will learn from and continually improve.

1035
00:48:09,840 --> 00:48:13,920
Speaker 21: So this year we're launching supervised Robotaxi trials starting in

1036
00:48:14,000 --> 00:48:16,279
Speaker 21: London and growing to ten cities around the world with

1037
00:48:16,480 --> 00:48:19,799
Speaker 21: Uber and then next year we're launching this technology into

1038
00:48:19,840 --> 00:48:23,600
Speaker 21: cars you can buy with companies like Nissan, and this

1039
00:48:23,719 --> 00:48:25,719
Speaker 21: will start as a hands off driving experience with a

1040
00:48:25,760 --> 00:48:28,560
Speaker 21: car will drive autonomously and you need to monitor the

1041
00:48:28,640 --> 00:48:32,279
Speaker 21: system and then improve until it becomes eyes off where

1042
00:48:32,280 --> 00:48:34,279
Speaker 21: you can actually take your eyes off the road and

1043
00:48:35,320 --> 00:48:37,560
Speaker 21: let the car tak liability for driving, allow you to

1044
00:48:37,640 --> 00:48:41,000
Speaker 21: read a book or what you're engage with media, do

1045
00:48:41,120 --> 00:48:43,680
Speaker 21: whatever you want with the time, and of course make

1046
00:48:43,760 --> 00:48:45,720
Speaker 21: the driving experience that much safer.

1047
00:48:45,840 --> 00:48:48,080
Speaker 3: See I'm reading in the BBC this morning, you're arguing

1048
00:48:48,160 --> 00:48:50,280
Speaker 3: that you'll be able to deal with potholes in England.

1049
00:48:50,360 --> 00:48:52,640
Speaker 3: What about New Zealand, as you would well remember, and

1050
00:48:53,040 --> 00:48:55,200
Speaker 3: the roads that don't have any lines on them, and

1051
00:48:55,360 --> 00:48:57,359
Speaker 3: then they're wider, and then they're narrow, and then there's

1052
00:48:57,400 --> 00:48:59,279
Speaker 3: a truck pucked down on the corner, and again of

1053
00:48:59,320 --> 00:49:02,120
Speaker 3: the whole news experience. You say your tech can do that.

1054
00:49:05,040 --> 00:49:08,120
Speaker 21: Absolutely that all of those scenarios you describe will be

1055
00:49:08,200 --> 00:49:11,200
Speaker 21: something that technology naturally learns to drive. I mean we've

1056
00:49:11,280 --> 00:49:13,640
Speaker 21: tested it. We haven't come to New Zealand yet, but

1057
00:49:13,719 --> 00:49:17,080
Speaker 21: I can't wait. It's on our roadmap. But we've been

1058
00:49:17,160 --> 00:49:21,080
Speaker 21: north of the Arctic Circle in Sweden and Finland. We've

1059
00:49:21,160 --> 00:49:24,480
Speaker 21: been to the busy market streets of Tokyo and Japan,

1060
00:49:24,600 --> 00:49:27,520
Speaker 21: and of course downtown London. So we've been all around

1061
00:49:27,560 --> 00:49:29,959
Speaker 21: the world in these kind of places. We've driven around

1062
00:49:29,960 --> 00:49:32,200
Speaker 21: the Arc de Triomph in France and you see whether

1063
00:49:32,280 --> 00:49:35,480
Speaker 21: it's medieval roads with cobblestones or whether it's country roads.

1064
00:49:36,080 --> 00:49:38,719
Speaker 21: I'm sure we'll be able to go through everywhere through

1065
00:49:38,800 --> 00:49:41,759
Speaker 21: New Zealand as well. It's got the intelligence to drive

1066
00:49:41,840 --> 00:49:43,600
Speaker 21: and all of these places reliably.

1067
00:49:44,280 --> 00:49:46,800
Speaker 3: What about the demand? Do people actually want it?

1068
00:49:49,560 --> 00:49:51,440
Speaker 21: That's the other thing that I think we're seeing is

1069
00:49:51,480 --> 00:49:56,080
Speaker 21: that we've now got people are really demonstrating that autonomy

1070
00:49:56,160 --> 00:50:00,440
Speaker 21: is something that not only will bring safety and accessible admits,

1071
00:50:00,480 --> 00:50:02,560
Speaker 21: but it's something that people actually want and want to

1072
00:50:02,600 --> 00:50:06,600
Speaker 21: pay for. So, for example, in San Francisco, through some

1073
00:50:06,719 --> 00:50:10,600
Speaker 21: early trials of robotaxis, you're seeing robotaxis there that they

1074
00:50:10,719 --> 00:50:14,399
Speaker 21: have that twenty percent more expensive on average, maybe they're

1075
00:50:14,400 --> 00:50:20,080
Speaker 21: thirty percent longer wait times than say a human driven

1076
00:50:20,200 --> 00:50:23,759
Speaker 21: taxi service. Yet people prefer and want to ride in

1077
00:50:23,840 --> 00:50:28,320
Speaker 21: these experiences because they provide a more safe, consistent, hygienic,

1078
00:50:28,440 --> 00:50:33,120
Speaker 21: clean driving experience. And then you find, you know, for

1079
00:50:33,360 --> 00:50:37,080
Speaker 21: new vehicles like testas, that people they're now seeing billions

1080
00:50:37,120 --> 00:50:40,400
Speaker 21: of revenue, serious money that people are paying for this technology.

1081
00:50:40,960 --> 00:50:43,000
Speaker 21: Now it'll be a choice if you want to drive

1082
00:50:43,040 --> 00:50:45,160
Speaker 21: yourself and have an AI watch you're driving, or if

1083
00:50:45,200 --> 00:50:46,840
Speaker 21: you want to ride in a robotaxi, or if you

1084
00:50:46,880 --> 00:50:50,520
Speaker 21: want to take other forms of transportation, that'll be your choice.

1085
00:50:50,520 --> 00:50:53,520
Speaker 21: But we're seeing the benefits that really are now being

1086
00:50:53,600 --> 00:50:56,719
Speaker 21: seen by consumers. And the question is what is going

1087
00:50:56,800 --> 00:50:59,480
Speaker 21: to bring that to scale to everywhere around the world.

1088
00:51:00,000 --> 00:51:03,279
Speaker 3: What year do I ring you where this is like

1089
00:51:03,480 --> 00:51:06,359
Speaker 3: not just a thing, it's not coming, It's like it's

1090
00:51:06,560 --> 00:51:08,520
Speaker 3: every day and it's no longer a big deal.

1091
00:51:12,400 --> 00:51:15,359
Speaker 21: I think. So what we're going to see this year

1092
00:51:15,600 --> 00:51:17,800
Speaker 21: is our trials we brought up in major cities around

1093
00:51:17,840 --> 00:51:23,000
Speaker 21: the world, and they'll start with modest vehicle numbers but grow.

1094
00:51:23,280 --> 00:51:25,600
Speaker 21: And the thing that we've done is we've partnered with

1095
00:51:25,800 --> 00:51:29,239
Speaker 21: automakers so that these vehicles can be mass manufactured. So

1096
00:51:29,320 --> 00:51:32,239
Speaker 21: we'll see this technology start entering mass manufacturing from next

1097
00:51:32,360 --> 00:51:34,680
Speaker 21: year where it'll be in cars you can own, and

1098
00:51:34,760 --> 00:51:36,680
Speaker 21: then very quickly after that we'll get to the point

1099
00:51:36,719 --> 00:51:40,359
Speaker 21: where the technology can drive in a safe and scalable way,

1100
00:51:40,760 --> 00:51:43,319
Speaker 21: and then it's about operational rollout. And so I think

1101
00:51:43,400 --> 00:51:46,600
Speaker 21: by the twenty thirties we're going to see this technology,

1102
00:51:47,160 --> 00:51:52,480
Speaker 21: you know, fairly universally accessible and with operational rollouts in place.

1103
00:51:52,600 --> 00:51:54,040
Speaker 21: And so I mean, you'd have to get to the

1104
00:51:54,120 --> 00:51:57,120
Speaker 21: nuance of what you're describing, but it's going to come quickly,

1105
00:51:57,680 --> 00:52:00,640
Speaker 21: and I think I think the if it's going to

1106
00:52:00,640 --> 00:52:02,000
Speaker 21: be quite profound. It's going to be one of the

1107
00:52:02,000 --> 00:52:05,240
Speaker 21: biggest changes we go through in our generation, this advent

1108
00:52:05,280 --> 00:52:09,040
Speaker 21: of autonomy and robotics and how it's going to improve

1109
00:52:10,760 --> 00:52:14,080
Speaker 21: some of the complex tasks that maybe are unsafe or

1110
00:52:14,200 --> 00:52:16,080
Speaker 21: dangerous or ones that we want to free up our

1111
00:52:16,160 --> 00:52:18,480
Speaker 21: time from. And I think it's going to really benefit

1112
00:52:18,520 --> 00:52:19,919
Speaker 21: the cities that we live in around the world.

1113
00:52:20,080 --> 00:52:22,640
Speaker 3: Brilliant. Alex's well done, congratulations, nice to talk to you.

1114
00:52:22,680 --> 00:52:24,879
Speaker 3: Appreciate it pretty much. Alex Kendall, who was the Wave

1115
00:52:25,000 --> 00:52:28,440
Speaker 3: CEO and obviously from the accent a New Zealander, so

1116
00:52:29,000 --> 00:52:32,160
Speaker 3: good on him. I bought the silliest thing over what

1117
00:52:32,320 --> 00:52:34,080
Speaker 3: wasn't the silliest. It was one of the silliest things

1118
00:52:34,120 --> 00:52:36,359
Speaker 3: over did is I bought a long wheel based rain rover,

1119
00:52:37,040 --> 00:52:39,880
Speaker 3: and I bought a long wheel based range rover because

1120
00:52:40,040 --> 00:52:42,800
Speaker 3: the back seat was one of those executive back seats

1121
00:52:42,840 --> 00:52:44,440
Speaker 3: that it had television in the back, it had a

1122
00:52:44,560 --> 00:52:47,840
Speaker 3: champagne cooler, and the back seat extended out so you

1123
00:52:47,880 --> 00:52:50,640
Speaker 3: could sort of lie down like a business class flight.

1124
00:52:51,320 --> 00:52:54,320
Speaker 3: And I thought, what a cool thing. Of course, what

1125
00:52:54,440 --> 00:52:57,279
Speaker 3: I didn't realize was I was the driver and I

1126
00:52:57,400 --> 00:52:59,279
Speaker 3: was never actually in the back seat, and I was

1127
00:52:59,360 --> 00:53:01,840
Speaker 3: never there. And when I said to someone like I

1128
00:53:01,880 --> 00:53:03,520
Speaker 3: don't know, Katie, hey, do you want to drive me

1129
00:53:03,560 --> 00:53:04,400
Speaker 3: around the block while I.

1130
00:53:04,400 --> 00:53:07,600
Speaker 9: Sit in the back seat and drink and drink champagne.

1131
00:53:07,200 --> 00:53:10,040
Speaker 3: And drink champagne while watching television? She you know what

1132
00:53:10,120 --> 00:53:13,000
Speaker 3: the answer was, obviously, So it's sort of never gotteny use.

1133
00:53:13,080 --> 00:53:16,360
Speaker 3: But with with with driverless cars, I could have that

1134
00:53:16,520 --> 00:53:17,040
Speaker 3: car back.

1135
00:53:19,320 --> 00:53:22,919
Speaker 9: It's kind of like having Parker, isn't it very similar? Yeah?

1136
00:53:23,160 --> 00:53:26,239
Speaker 3: Very similar? Seven forty five The.

1137
00:53:26,400 --> 00:53:30,799
Speaker 1: Mike Asking Breakfast Full Show podcast on iHeartRadio powered by

1138
00:53:30,840 --> 00:53:31,400
Speaker 1: the News Talks.

1139
00:53:31,400 --> 00:53:31,680
Speaker 15: It'd be.

1140
00:53:33,160 --> 00:53:35,640
Speaker 3: The Morning Mike if I purchased the driver's car. Will

1141
00:53:35,680 --> 00:53:37,680
Speaker 3: drink driving still be a thing? That's actually not a

1142
00:53:37,760 --> 00:53:39,640
Speaker 3: bad question, is the answer will be. And one of

1143
00:53:39,640 --> 00:53:42,439
Speaker 3: the problems with drivers cars, of course, is the jurisdictional

1144
00:53:44,680 --> 00:53:46,800
Speaker 3: work around it. And so you would need to have

1145
00:53:47,200 --> 00:53:50,440
Speaker 3: a law that says if you were in a you know,

1146
00:53:50,480 --> 00:53:53,360
Speaker 3: there various states of drivers cars as they're sort of

1147
00:53:53,560 --> 00:53:55,640
Speaker 3: is now, and there will need to be a law

1148
00:53:55,680 --> 00:53:57,520
Speaker 3: that says that if you were in the back seat

1149
00:53:57,640 --> 00:53:59,200
Speaker 3: of the car. It would need to be the law

1150
00:53:59,239 --> 00:54:02,480
Speaker 3: that says you need the package that doesn't need to

1151
00:54:02,560 --> 00:54:04,560
Speaker 3: be monitored or touched or whatever the case may be.

1152
00:54:04,960 --> 00:54:05,359
Speaker 1: We rang.

1153
00:54:05,480 --> 00:54:07,480
Speaker 3: Funnily enough, we rang Tesla the other day. There was

1154
00:54:07,520 --> 00:54:11,760
Speaker 3: a story floating about you can subscribe to certain aspects

1155
00:54:11,800 --> 00:54:16,200
Speaker 3: of drivers technology, and they were for sale in this country,

1156
00:54:17,280 --> 00:54:19,800
Speaker 3: but they've taken away the sales part and they do

1157
00:54:19,960 --> 00:54:21,960
Speaker 3: the least so you can pay a monthly rental to

1158
00:54:22,120 --> 00:54:24,960
Speaker 3: lease the technology for your teslaor if you want to.

1159
00:54:25,000 --> 00:54:26,640
Speaker 3: And I wanted to know how many people had actually

1160
00:54:26,680 --> 00:54:29,000
Speaker 3: done that, because my guess is none. And so we

1161
00:54:29,120 --> 00:54:30,839
Speaker 3: rang them and they never rang back. They never rang back.

1162
00:54:30,880 --> 00:54:34,080
Speaker 3: Did they still chasing days later? So I suspect. The

1163
00:54:34,120 --> 00:54:36,200
Speaker 3: ANSWER's a bit embarrassing now and extra. I don't think

1164
00:54:36,239 --> 00:54:38,920
Speaker 3: people want it, is my guess. I think people want

1165
00:54:39,000 --> 00:54:40,759
Speaker 3: it on you know, like a bus, as I've seen

1166
00:54:40,800 --> 00:54:43,240
Speaker 3: a million times before. So if you're at the airport

1167
00:54:43,600 --> 00:54:45,040
Speaker 3: and the bus goes from A to B to B

1168
00:54:45,120 --> 00:54:48,080
Speaker 3: to A to A to be, you know, that's technology.

1169
00:54:48,120 --> 00:54:50,040
Speaker 3: It saves time and hassle and all that sort of stuff.

1170
00:54:50,239 --> 00:54:52,840
Speaker 3: I just don't know there's a demand for you and

1171
00:54:52,920 --> 00:54:54,520
Speaker 3: I to sit in the back seat of our car

1172
00:54:54,880 --> 00:54:56,759
Speaker 3: going to the shop. I mean, what's the point of that.

1173
00:54:57,040 --> 00:54:59,279
Speaker 9: I want it. It can't possibly be a worse driver

1174
00:54:59,320 --> 00:54:59,680
Speaker 9: than I am.

1175
00:54:59,880 --> 00:55:02,800
Speaker 3: That that's true. How would auto drive work in emmanual

1176
00:55:03,040 --> 00:55:05,640
Speaker 3: Nickel wouldn't Obviously you.

1177
00:55:05,680 --> 00:55:06,960
Speaker 9: Can't still get manuals, can you?

1178
00:55:07,200 --> 00:55:09,120
Speaker 3: Hey, Mike, who pays for a speeding ticket of the

1179
00:55:09,160 --> 00:55:11,239
Speaker 3: self drive cars to court? Well, the answer is the

1180
00:55:11,280 --> 00:55:13,680
Speaker 3: same as currently the owner of the car. The fact

1181
00:55:13,719 --> 00:55:15,640
Speaker 3: you weren't driving it doesn't matter the owner, as we

1182
00:55:15,880 --> 00:55:20,600
Speaker 3: found out yesterday from our son who's left the country

1183
00:55:21,280 --> 00:55:24,880
Speaker 3: and in the mail was the speeding ticket from the

1184
00:55:24,960 --> 00:55:29,080
Speaker 3: car that we owned that he was driving. Might raise

1185
00:55:29,120 --> 00:55:31,960
Speaker 3: that tomorrow, ten minutes away from eight, the.

1186
00:55:32,080 --> 00:55:36,120
Speaker 4: Mike Hosking Breakfast with the Defender and use togs enbiving.

1187
00:55:35,600 --> 00:55:38,320
Speaker 3: Away from How fascinating are these booz stats? A alcohol

1188
00:55:38,360 --> 00:55:41,000
Speaker 3: consumptions down eight point three percent, beers down ten, high

1189
00:55:41,040 --> 00:55:44,880
Speaker 3: strength beers down twenty seven, wind's down eleven. We averaged

1190
00:55:44,920 --> 00:55:46,799
Speaker 3: one point six standard drinks today? Is that a lot?

1191
00:55:46,920 --> 00:55:48,120
Speaker 3: Not as much as it used to be. It's a

1192
00:55:48,200 --> 00:55:52,200
Speaker 3: twenty four percent drop since twenty eleven. Anyway, Just Ruffle

1193
00:55:52,320 --> 00:55:54,719
Speaker 3: is the Garage Project Brewery's co owner and as well

1194
00:55:54,760 --> 00:55:58,279
Speaker 3: as morning. Hey doing mate, good? Are you feeling it?

1195
00:56:00,040 --> 00:56:02,440
Speaker 14: I mean, we're definitely feeling a lot of pressure over

1196
00:56:02,440 --> 00:56:05,040
Speaker 14: the last few years. As you said, the volume is

1197
00:56:05,120 --> 00:56:08,360
Speaker 14: down ten percent has just reported. But I think the

1198
00:56:08,440 --> 00:56:12,040
Speaker 14: thing that's really driving this is we've seen bear excise

1199
00:56:12,120 --> 00:56:15,120
Speaker 14: tax increase twenty three and a half percent since twenty twenty.

1200
00:56:15,400 --> 00:56:17,960
Speaker 3: So you'd argue it's cost. If the cost was different,

1201
00:56:18,040 --> 00:56:20,600
Speaker 3: consumption would rise. It's not a health related.

1202
00:56:20,239 --> 00:56:24,719
Speaker 14: Thing, absolutely. I mean, the government has come out and

1203
00:56:24,760 --> 00:56:26,960
Speaker 14: said that they've missed their revenue target by one hundred

1204
00:56:26,960 --> 00:56:29,480
Speaker 14: and ten million on the tax take, so they've clearly

1205
00:56:29,640 --> 00:56:31,840
Speaker 14: taxed it to the point where people just can't afford

1206
00:56:31,840 --> 00:56:32,960
Speaker 14: to guide and drink anymore.

1207
00:56:33,280 --> 00:56:35,880
Speaker 3: How do you explain the spirits are up?

1208
00:56:37,520 --> 00:56:39,759
Speaker 14: I mean i'd argue that you know, people are potentially

1209
00:56:39,920 --> 00:56:43,560
Speaker 14: substituting or looking for alternatives that might be more cost effective.

1210
00:56:43,840 --> 00:56:48,160
Speaker 14: You know, we have great locally produced spirits in RTDs

1211
00:56:48,200 --> 00:56:50,200
Speaker 14: based on local spirits, but there's also a lot of

1212
00:56:50,320 --> 00:56:52,440
Speaker 14: important bulk ethanol products on the market.

1213
00:56:53,520 --> 00:56:54,880
Speaker 3: What are you going to do about this? I mean

1214
00:56:54,960 --> 00:56:57,839
Speaker 3: this argument we've had people on before about the excise tax.

1215
00:56:57,920 --> 00:57:01,200
Speaker 3: If that's the issue, do you see the industry see

1216
00:57:01,239 --> 00:57:04,160
Speaker 3: itself getting a win on this? Is it potentially going

1217
00:57:04,239 --> 00:57:06,480
Speaker 3: to change or you know, banging your head against the wall.

1218
00:57:07,440 --> 00:57:08,920
Speaker 14: I mean, I think we just need to look at

1219
00:57:08,960 --> 00:57:11,360
Speaker 14: what our friends over the bitch are doing. You know,

1220
00:57:11,440 --> 00:57:15,640
Speaker 14: we've got a three hundred and fifty thousand dollars excise

1221
00:57:15,760 --> 00:57:19,880
Speaker 14: grant in place for breweries in Australia. They're just passing

1222
00:57:19,960 --> 00:57:23,360
Speaker 14: legislation to freeze excise on draft beer for two years.

1223
00:57:24,480 --> 00:57:27,080
Speaker 14: You know, it's not just us who feel the pain

1224
00:57:27,120 --> 00:57:29,520
Speaker 14: as breweries. This goes all the way to hot farmers,

1225
00:57:30,200 --> 00:57:34,400
Speaker 14: Bali farmers. It again flows through to hospitality restaurants, bars.

1226
00:57:34,520 --> 00:57:37,520
Speaker 14: You know, this is a multi billion dollar industry that

1227
00:57:37,640 --> 00:57:41,720
Speaker 14: is essentially just been taxed in a bizarre, crazy way.

1228
00:57:42,000 --> 00:57:46,440
Speaker 14: You know, we levy our excise on CPI and post

1229
00:57:46,600 --> 00:57:48,960
Speaker 14: COVID we had we were the only country in the

1230
00:57:49,000 --> 00:57:53,040
Speaker 14: OECD who really continued taxing based on that post COVID

1231
00:57:53,080 --> 00:57:55,800
Speaker 14: inflation spike. So we're just asking for a bit of

1232
00:57:55,840 --> 00:57:59,240
Speaker 14: common sense. You know, we're currently paying twenty thirty one

1233
00:57:59,320 --> 00:58:02,600
Speaker 14: levels of tax based on that increases during COVID.

1234
00:58:03,000 --> 00:58:04,720
Speaker 3: Is there for somebody like you are branding or a

1235
00:58:04,800 --> 00:58:07,560
Speaker 3: style thing then so if things are the way they are,

1236
00:58:07,680 --> 00:58:09,720
Speaker 3: do you get cut through with brand and style and

1237
00:58:09,920 --> 00:58:11,320
Speaker 3: you know, vibe and all that sort of thing.

1238
00:58:12,520 --> 00:58:15,240
Speaker 14: We will always keep brewing new beers and that's what

1239
00:58:15,360 --> 00:58:17,600
Speaker 14: we love doing, you know. And it's not just all

1240
00:58:17,600 --> 00:58:19,800
Speaker 14: about the alcohol for us. I mean, beers like Tiny

1241
00:58:20,000 --> 00:58:22,600
Speaker 14: They've been a huge success. You know, we are seeing

1242
00:58:22,640 --> 00:58:27,120
Speaker 14: people shift into beers with lower and non alcohol. But

1243
00:58:27,240 --> 00:58:29,200
Speaker 14: you know, people do want to drink local. You know,

1244
00:58:29,240 --> 00:58:31,840
Speaker 14: they want to support local breweries in their communities. They

1245
00:58:32,040 --> 00:58:35,400
Speaker 14: employ more people than the larger breweries, and you know

1246
00:58:35,440 --> 00:58:37,720
Speaker 14: there is growing awareness of that. We just want to

1247
00:58:37,720 --> 00:58:39,680
Speaker 14: have a fair go at actually producing what we do

1248
00:58:39,800 --> 00:58:41,440
Speaker 14: and not be taxed out of existence.

1249
00:58:41,600 --> 00:58:43,880
Speaker 3: All right, man, go well. Just Ruffle who was with

1250
00:58:44,080 --> 00:58:47,840
Speaker 3: garage project Diageo, which is the world's biggest spirit maker.

1251
00:58:48,520 --> 00:58:50,440
Speaker 3: There she is a crash this morning. They lower their

1252
00:58:50,480 --> 00:58:53,440
Speaker 3: profit out look, global demand on alcohol is down. I

1253
00:58:53,520 --> 00:58:56,200
Speaker 3: think in reality is less about tax and more about health.

1254
00:58:56,600 --> 00:59:02,960
Speaker 3: There is a global move away from booze generally. Scott McLoughlin,

1255
00:59:03,240 --> 00:59:05,720
Speaker 3: who spends quite a bit of time behind a car

1256
00:59:05,840 --> 00:59:08,880
Speaker 3: wheel so he's not into the driver of stuff. He's

1257
00:59:08,920 --> 00:59:11,480
Speaker 3: with us. Indy is back this weekend. He's next after

1258
00:59:11,560 --> 00:59:12,560
Speaker 3: the news that news talk.

1259
00:59:12,480 --> 00:59:12,800
Speaker 10: Said, be.

1260
00:59:14,600 --> 00:59:18,600
Speaker 1: Asking the questions others won't the mic asking breakfast with

1261
00:59:19,120 --> 00:59:22,840
Speaker 1: Vita Retirement Communities, Life your Way News togs.

1262
00:59:22,560 --> 00:59:22,880
Speaker 15: Head b.

1263
00:59:24,440 --> 00:59:27,440
Speaker 3: It is seven past eight. Indy Cows are back this

1264
00:59:27,560 --> 00:59:31,000
Speaker 3: weekend in Florida Street Circuit at and Pete's. Scott McLoughlin

1265
00:59:31,040 --> 00:59:33,240
Speaker 3: finished tenth last year. Toughest season of course to be

1266
00:59:33,280 --> 00:59:36,240
Speaker 3: followed sport. You'll know why. Three podiums over this year.

1267
00:59:36,280 --> 00:59:38,680
Speaker 3: New team members, got a new engineer which we'll talk about.

1268
00:59:38,720 --> 00:59:41,360
Speaker 3: So what are the prospects. Scott McLachlin is with us.

1269
00:59:41,400 --> 00:59:44,200
Speaker 3: Good morning by Mike. How yeah, very well mate, listen

1270
00:59:44,360 --> 00:59:46,440
Speaker 3: just catch us up with the off season family, travel

1271
00:59:46,680 --> 00:59:47,400
Speaker 3: life and times.

1272
00:59:48,400 --> 00:59:50,680
Speaker 8: Well, went send New Zellen for the first time with

1273
00:59:50,760 --> 00:59:53,440
Speaker 8: my daughter and they got to meet my parents, which

1274
00:59:53,520 --> 00:59:56,480
Speaker 8: is really nice. And yeah, we managed to get a

1275
00:59:56,480 --> 00:59:58,040
Speaker 8: little bit of a trip down Under for a little

1276
00:59:58,080 --> 01:00:01,320
Speaker 8: bit and then it's been honestly bulfoll since We've been

1277
01:00:01,360 --> 01:00:04,960
Speaker 8: pretty full on over here with the team, and wasn't

1278
01:00:05,080 --> 01:00:09,360
Speaker 8: the best year for me personally, professionally. Professonally it was great,

1279
01:00:09,480 --> 01:00:12,040
Speaker 8: professionally not so great. So you know, I'm working really

1280
01:00:12,080 --> 01:00:14,200
Speaker 8: hard in the behind the scenes to be better this

1281
01:00:14,320 --> 01:00:15,200
Speaker 8: year and feel.

1282
01:00:15,040 --> 01:00:15,520
Speaker 15: It really good.

1283
01:00:15,640 --> 01:00:17,800
Speaker 3: What do you do behind the scenes literally before you

1284
01:00:17,880 --> 01:00:18,960
Speaker 3: start the season.

1285
01:00:18,960 --> 01:00:21,520
Speaker 8: There's a ton of obviously training, I feel like I'm

1286
01:00:21,560 --> 01:00:23,800
Speaker 8: the fittest I've ever been, very, very a lot of

1287
01:00:23,840 --> 01:00:26,160
Speaker 8: work in the gym. But at the same time, you know,

1288
01:00:26,200 --> 01:00:28,320
Speaker 8: I've been working a lot with got a new engineer,

1289
01:00:28,520 --> 01:00:31,200
Speaker 8: new strategist, so a lot has changed from on the

1290
01:00:31,240 --> 01:00:33,640
Speaker 8: background of my car and what makes it go fast,

1291
01:00:33,720 --> 01:00:36,360
Speaker 8: and I think we're in a really good spot there,

1292
01:00:36,400 --> 01:00:39,200
Speaker 8: but it's it's you know, you're having little, you know,

1293
01:00:39,400 --> 01:00:41,920
Speaker 8: growing pains together as you get used to it on

1294
01:00:42,000 --> 01:00:45,000
Speaker 8: the simulator or whether you're doing that in meetings or whatnot,

1295
01:00:45,440 --> 01:00:47,200
Speaker 8: but until you hit the track, you know, it's hard

1296
01:00:47,280 --> 01:00:48,600
Speaker 8: to prep just for that.

1297
01:00:48,800 --> 01:00:50,080
Speaker 10: But doing as much as we.

1298
01:00:50,120 --> 01:00:52,000
Speaker 3: Can right now, what about that wheel time? I mean,

1299
01:00:52,040 --> 01:00:54,000
Speaker 3: you did testing. There was some testing the other day

1300
01:00:54,040 --> 01:00:54,800
Speaker 3: in Phoenix, right.

1301
01:00:55,440 --> 01:00:57,160
Speaker 10: Yeah, Phoenix and Seabring and Florida.

1302
01:00:57,400 --> 01:00:59,640
Speaker 3: So how much actual wheel time outside of that did

1303
01:00:59,640 --> 01:01:00,280
Speaker 3: you get a any?

1304
01:01:01,800 --> 01:01:04,000
Speaker 8: Not a huge amount outside doing the Daytona twenty four hour,

1305
01:01:04,040 --> 01:01:05,040
Speaker 8: which i'd I'll always do it.

1306
01:01:05,040 --> 01:01:07,800
Speaker 10: At the start of the year, you know, I'll do

1307
01:01:07,960 --> 01:01:09,200
Speaker 10: some like go karting.

1308
01:01:09,240 --> 01:01:10,640
Speaker 8: I bought a gokard in the off season, so I

1309
01:01:10,760 --> 01:01:12,600
Speaker 8: did a lot of like go cart driving and stuff

1310
01:01:12,640 --> 01:01:14,880
Speaker 8: like that, which was really handy. Now people think it's

1311
01:01:14,960 --> 01:01:16,920
Speaker 8: not going to be that, you know and type of

1312
01:01:17,000 --> 01:01:20,720
Speaker 8: what I'm doing, but it actually is very close, very physical.

1313
01:01:20,840 --> 01:01:23,480
Speaker 8: But yeah, outside of you know, I don't drive an

1314
01:01:23,480 --> 01:01:27,000
Speaker 8: IndyCar basically from the end of September to you know,

1315
01:01:27,480 --> 01:01:30,440
Speaker 8: the start of February, so it's kind of crazy to

1316
01:01:30,560 --> 01:01:32,560
Speaker 8: think about that, but you know, it's all the same

1317
01:01:32,560 --> 01:01:33,000
Speaker 8: for everyone.

1318
01:01:33,160 --> 01:01:35,040
Speaker 3: Is it all muscle memory? You know, when you get

1319
01:01:35,080 --> 01:01:36,800
Speaker 3: back into the car after we gatload.

1320
01:01:36,480 --> 01:01:37,200
Speaker 2: That it is.

1321
01:01:37,280 --> 01:01:39,120
Speaker 8: Yeah, it's a little bit different, you know, after you've

1322
01:01:39,200 --> 01:01:42,920
Speaker 8: driven I drive Corvette at Daytona and race in Japan

1323
01:01:43,040 --> 01:01:45,000
Speaker 8: as well, and you know, it's a little bit different

1324
01:01:45,040 --> 01:01:46,720
Speaker 8: having a roof over my head. But once I jumped

1325
01:01:46,720 --> 01:01:49,640
Speaker 8: in the IndyCar, I had a couple of laps underneath about.

1326
01:01:49,320 --> 01:01:51,640
Speaker 3: I was okay, yeah, you talked briefly about last year.

1327
01:01:51,720 --> 01:01:55,040
Speaker 3: Let's not dwell on that. But does it sit psychologically?

1328
01:01:55,120 --> 01:01:57,160
Speaker 3: How does it sit psychologically with you? You know, in

1329
01:01:57,640 --> 01:01:58,680
Speaker 3: some way, shape or form.

1330
01:01:59,720 --> 01:02:01,680
Speaker 8: I think in a good way, you know, I think

1331
01:02:01,760 --> 01:02:03,720
Speaker 8: in some ways I'm using it as a little bit

1332
01:02:03,760 --> 01:02:07,880
Speaker 8: of a you know, knowing that's really the lowest lows

1333
01:02:07,920 --> 01:02:10,680
Speaker 8: for me in many cases, and I'm trying to turn

1334
01:02:10,760 --> 01:02:13,680
Speaker 8: that negative into a positive. And honestly, I feel I

1335
01:02:13,800 --> 01:02:17,479
Speaker 8: feel rejuvenized from that. I know where I went wrong,

1336
01:02:17,600 --> 01:02:20,280
Speaker 8: but there's also parts of last year where it was

1337
01:02:20,320 --> 01:02:22,000
Speaker 8: out of my hands as well. So it's not trying

1338
01:02:22,000 --> 01:02:24,440
Speaker 8: to dwell too much on that. So you know, I

1339
01:02:24,600 --> 01:02:27,000
Speaker 8: know where to improve. I know, you know, my execution

1340
01:02:28,000 --> 01:02:31,280
Speaker 8: needs to be better, and but my pace itself is

1341
01:02:31,440 --> 01:02:33,280
Speaker 8: very good. It's just I don't have to do too

1342
01:02:33,360 --> 01:02:36,280
Speaker 8: much different. I just have to execute better and that's all.

1343
01:02:36,160 --> 01:02:36,760
Speaker 4: I'm working on.

1344
01:02:36,920 --> 01:02:38,880
Speaker 3: And what about the experience as well? You went to

1345
01:02:39,000 --> 01:02:42,240
Speaker 3: season six now, so where are you? You're at home?

1346
01:02:42,320 --> 01:02:44,880
Speaker 3: Obviously you feel good. You're a seasoned pro. Does all

1347
01:02:44,960 --> 01:02:45,320
Speaker 3: that help?

1348
01:02:45,680 --> 01:02:45,800
Speaker 2: Oh?

1349
01:02:45,960 --> 01:02:47,720
Speaker 10: For sure? You know I think right now, like I

1350
01:02:47,840 --> 01:02:48,840
Speaker 10: know what I want from the car.

1351
01:02:49,040 --> 01:02:52,120
Speaker 8: Even with the new engineer, I'm asking for things because

1352
01:02:52,120 --> 01:02:53,960
Speaker 8: I know what they did for me on the car.

1353
01:02:54,040 --> 01:02:57,120
Speaker 8: You know, whether it's a different spring or you know,

1354
01:02:57,480 --> 01:02:59,520
Speaker 8: something set up wise in the car, it's you know,

1355
01:02:59,600 --> 01:03:01,560
Speaker 8: I know what they've done in the past for me.

1356
01:03:01,760 --> 01:03:04,040
Speaker 8: So I'm using that experience leaning on that. You know,

1357
01:03:04,120 --> 01:03:05,760
Speaker 8: this is my sixth season in an IndyCar. I was

1358
01:03:05,800 --> 01:03:09,160
Speaker 8: only in full time supercar driving for seven years, so

1359
01:03:09,640 --> 01:03:11,160
Speaker 8: it's kind of crazy to think about that.

1360
01:03:11,320 --> 01:03:13,200
Speaker 10: You know, we're at this point now, but this is

1361
01:03:13,240 --> 01:03:14,040
Speaker 10: really go time for me.

1362
01:03:14,120 --> 01:03:16,760
Speaker 3: You mentioned the engineer, Roll, isn't it. He's a cool guy,

1363
01:03:16,960 --> 01:03:20,200
Speaker 3: good guy, because I mean, for people who don't follow motorsport,

1364
01:03:20,720 --> 01:03:22,960
Speaker 3: I don't think you can overstate the value of a

1365
01:03:23,000 --> 01:03:23,880
Speaker 3: good engineer, can you.

1366
01:03:24,440 --> 01:03:24,480
Speaker 10: No?

1367
01:03:24,760 --> 01:03:26,680
Speaker 8: And look, I was very lucky with my last guy,

1368
01:03:26,800 --> 01:03:29,120
Speaker 8: Ben Bretzman, but he's gone into upper management and it's

1369
01:03:29,120 --> 01:03:31,680
Speaker 8: awesome for him. But the best thing about our relationship

1370
01:03:31,720 --> 01:03:33,880
Speaker 8: before that was I knew been a long time before

1371
01:03:33,920 --> 01:03:34,520
Speaker 8: I actually.

1372
01:03:34,280 --> 01:03:36,520
Speaker 10: Started working with him directly. And it's the same for role.

1373
01:03:36,920 --> 01:03:39,640
Speaker 8: He's followed me a long time since in supercars and

1374
01:03:40,720 --> 01:03:44,600
Speaker 8: loves his loves his racing, and you know, he's very experienced.

1375
01:03:44,720 --> 01:03:47,400
Speaker 8: He's won championships all over the world, and I think

1376
01:03:47,440 --> 01:03:50,160
Speaker 8: he really understands me well already, and that bodes well

1377
01:03:50,200 --> 01:03:50,840
Speaker 8: for the rest of the year.

1378
01:03:50,960 --> 01:03:52,000
Speaker 3: Is that artill science?

1379
01:03:53,080 --> 01:03:54,920
Speaker 8: It's a bit of both. I think there's an art

1380
01:03:55,000 --> 01:03:56,919
Speaker 8: to keeping me calm, and there's a science to making

1381
01:03:57,000 --> 01:03:59,960
Speaker 8: the car for us. So I think, you know, he's

1382
01:04:00,000 --> 01:04:01,880
Speaker 8: he's a great dude. He's very calm, but he's intense

1383
01:04:01,920 --> 01:04:03,960
Speaker 8: as well, and that's kind of who I am as well.

1384
01:04:04,200 --> 01:04:05,920
Speaker 3: And can you tell whether it's going to work? I mean,

1385
01:04:06,000 --> 01:04:07,840
Speaker 3: I mean, obviously you want it to work, but can

1386
01:04:07,920 --> 01:04:09,280
Speaker 3: you tell if it's going to work?

1387
01:04:09,720 --> 01:04:12,680
Speaker 10: You just have this inkling, you know, I just feel comfortable.

1388
01:04:12,720 --> 01:04:15,480
Speaker 8: It's like it's like when you go to someone's house

1389
01:04:15,520 --> 01:04:17,280
Speaker 8: and you just feel out of place a little bit.

1390
01:04:17,360 --> 01:04:19,360
Speaker 10: You know, I don't feel that at all. I feel

1391
01:04:19,520 --> 01:04:20,760
Speaker 10: right at home. When I'm in his office.

1392
01:04:20,760 --> 01:04:24,520
Speaker 8: We're talking about you know, different setups and what I

1393
01:04:24,600 --> 01:04:27,880
Speaker 8: want from the car. He understands my language and that's

1394
01:04:27,920 --> 01:04:28,360
Speaker 8: a big deal.

1395
01:04:28,600 --> 01:04:31,360
Speaker 3: You've also got changes to the team, of course, new teammate,

1396
01:04:31,760 --> 01:04:34,080
Speaker 3: all that sort of thing. It's one of those funny stories.

1397
01:04:34,440 --> 01:04:37,680
Speaker 3: Is it like you're doing what you're doing within a

1398
01:04:37,840 --> 01:04:40,760
Speaker 3: team and you're an individual or is it like cricket

1399
01:04:40,880 --> 01:04:42,240
Speaker 3: and it is a team thing?

1400
01:04:43,760 --> 01:04:46,480
Speaker 8: In some ways, yes, that it's a bit, you know,

1401
01:04:46,640 --> 01:04:49,000
Speaker 8: you have it's every man for themselves, and then in

1402
01:04:49,160 --> 01:04:52,000
Speaker 8: other ways you need to work together. Ultimately, right now,

1403
01:04:52,080 --> 01:04:55,000
Speaker 8: I think as a team we work really hard together

1404
01:04:55,200 --> 01:04:58,560
Speaker 8: because we need as many you know, people trying different

1405
01:04:58,640 --> 01:04:59,600
Speaker 8: things to be faster.

1406
01:04:59,680 --> 01:05:00,960
Speaker 10: As a team, we need to be quicker.

1407
01:05:01,480 --> 01:05:04,840
Speaker 8: Ganassi is strong with Scott Dixon obviously and Alex below

1408
01:05:04,880 --> 01:05:07,080
Speaker 8: and they've been really really strong. You know, we need

1409
01:05:07,160 --> 01:05:08,960
Speaker 8: all hands on deck to be as good. But when

1410
01:05:09,000 --> 01:05:11,240
Speaker 8: we get to the fight and it's just us three

1411
01:05:11,280 --> 01:05:14,040
Speaker 8: battling or we're up the front, it's in some ways

1412
01:05:14,080 --> 01:05:17,520
Speaker 8: it's every man for themselves. But we we you know,

1413
01:05:19,040 --> 01:05:21,960
Speaker 8: we know that it's a team game and the only

1414
01:05:22,000 --> 01:05:24,920
Speaker 8: way we get there really is by working together to

1415
01:05:25,000 --> 01:05:27,080
Speaker 8: a point. And then when it comes to you know,

1416
01:05:27,120 --> 01:05:28,600
Speaker 8: whoever was to take the championship.

1417
01:05:28,640 --> 01:05:29,200
Speaker 10: It's Bobs Off.

1418
01:05:29,280 --> 01:05:31,520
Speaker 3: Yeah, okay, listen, hold on. You mentioned Scott Dixon. I

1419
01:05:31,640 --> 01:05:32,920
Speaker 3: come back to that in just a moment. So with

1420
01:05:32,960 --> 01:05:35,160
Speaker 3: the Scott McLaughlin more shortly thirteen past.

1421
01:05:35,840 --> 01:05:40,400
Speaker 1: The Mike Husking Breakfast Full Show podcast on iHeartRadio, cowed

1422
01:05:40,480 --> 01:05:41,520
Speaker 1: by News Talks.

1423
01:05:41,440 --> 01:05:46,160
Speaker 3: Balks sixteen past eight Scott McLoughlin's I guess now listen,

1424
01:05:46,520 --> 01:05:49,400
Speaker 3: just before the break you mentioned Scott do you have

1425
01:05:49,520 --> 01:05:50,440
Speaker 3: to call him sir Scott?

1426
01:05:50,520 --> 01:05:54,400
Speaker 8: Now he's Sir Scott on my phone, no joke, pretty funny.

1427
01:05:54,480 --> 01:05:58,680
Speaker 8: So I think that's amazing. I don't think he gets

1428
01:05:58,760 --> 01:06:01,439
Speaker 8: recognized all over the world exactly like how much he's

1429
01:06:01,480 --> 01:06:05,080
Speaker 8: done for New Zealand. And he was a hero of

1430
01:06:05,160 --> 01:06:06,760
Speaker 8: mine growing up and I'm just lucky I get to

1431
01:06:06,880 --> 01:06:10,240
Speaker 8: raise him. So great dude, But yeah, he's in my

1432
01:06:10,360 --> 01:06:11,160
Speaker 8: phone as Sir Scott.

1433
01:06:11,600 --> 01:06:13,440
Speaker 3: Do all the Americans get the knighthood thing? I mean,

1434
01:06:13,480 --> 01:06:15,080
Speaker 3: do they understand it's value and relevance?

1435
01:06:15,760 --> 01:06:19,880
Speaker 8: I think to a point there's definitely probably probably not

1436
01:06:20,000 --> 01:06:22,160
Speaker 8: taken as seriously as like we do probably in New

1437
01:06:22,240 --> 01:06:27,040
Speaker 8: Zealand or Australia. But amazing achievement for a guy that's

1438
01:06:27,080 --> 01:06:30,240
Speaker 8: done everything. So I just I'd love to be in

1439
01:06:30,320 --> 01:06:33,120
Speaker 8: the sport as long as he has been and his age,

1440
01:06:33,120 --> 01:06:33,680
Speaker 8: and that's fit.

1441
01:06:34,160 --> 01:06:36,440
Speaker 10: That's my goal. You look at someone like that and

1442
01:06:36,520 --> 01:06:37,240
Speaker 10: that's who you want to be.

1443
01:06:37,440 --> 01:06:38,960
Speaker 3: Ye I was going to I was going to ask

1444
01:06:39,080 --> 01:06:42,800
Speaker 3: exactly that. So he's basically giving you a pathway, hasn't he.

1445
01:06:43,200 --> 01:06:46,000
Speaker 8: Like he gives you the example that it's possible if

1446
01:06:46,040 --> 01:06:49,040
Speaker 8: you look after your body, if you're you know, you're solid,

1447
01:06:49,120 --> 01:06:51,960
Speaker 8: you make no mistakes, you use the experience that you

1448
01:06:52,080 --> 01:06:54,720
Speaker 8: learn over twenty plus years, you can be in the

1449
01:06:54,760 --> 01:06:55,560
Speaker 8: sport a long time.

1450
01:06:55,880 --> 01:06:58,360
Speaker 10: And then he's proven that time and time again.

1451
01:06:58,640 --> 01:07:00,720
Speaker 3: What are your personal KPIs of the year? I mean,

1452
01:07:01,000 --> 01:07:03,160
Speaker 3: what do you need to do literally for it to

1453
01:07:03,240 --> 01:07:06,120
Speaker 3: be a good season outside of the you know, I'm

1454
01:07:06,160 --> 01:07:06,880
Speaker 3: going to win it all.

1455
01:07:07,160 --> 01:07:10,040
Speaker 8: Yeah, Look, it's an easy answer to say, yeah, I

1456
01:07:10,080 --> 01:07:11,560
Speaker 8: want to I'm going to win the championship, win win

1457
01:07:11,560 --> 01:07:13,880
Speaker 8: the five hundred, But you know, for me, it's I

1458
01:07:13,960 --> 01:07:16,120
Speaker 8: want to put myself in a position at the end

1459
01:07:16,160 --> 01:07:18,240
Speaker 8: of five hundred to be in the top five, top

1460
01:07:18,320 --> 01:07:20,320
Speaker 8: three last stop, because that's when you've got a chance

1461
01:07:20,360 --> 01:07:22,640
Speaker 8: to win the race and then same with the season.

1462
01:07:22,800 --> 01:07:24,160
Speaker 10: You know, I want to be in the last couple

1463
01:07:24,200 --> 01:07:26,120
Speaker 10: of races. I want to be in that top three

1464
01:07:26,360 --> 01:07:29,000
Speaker 10: with the chance at winning it, and that means I've executed.

1465
01:07:29,080 --> 01:07:29,240
Speaker 2: You know.

1466
01:07:29,320 --> 01:07:33,200
Speaker 8: That's my whole game this year is making sure limit

1467
01:07:33,280 --> 01:07:35,360
Speaker 8: the mistakes, you know, take what I can get. I'm

1468
01:07:35,360 --> 01:07:37,280
Speaker 8: not going to win every race, but if possible, I

1469
01:07:37,360 --> 01:07:39,800
Speaker 8: can maximize every race, and that's what I haven't done

1470
01:07:39,800 --> 01:07:40,120
Speaker 8: in the past.

1471
01:07:40,200 --> 01:07:42,919
Speaker 3: Couple of racing questions outside your particular do main one?

1472
01:07:43,520 --> 01:07:45,200
Speaker 3: Have you seen the superson What do you make of them?

1473
01:07:45,320 --> 01:07:48,960
Speaker 10: They're slow right now, but they're going to They look cool.

1474
01:07:49,240 --> 01:07:52,080
Speaker 10: I think it's cool that they're getting getting. You know,

1475
01:07:52,120 --> 01:07:54,840
Speaker 10: they've got a key behind the will and Ryan Wood, which.

1476
01:07:54,680 --> 01:07:56,880
Speaker 8: I'm excited for. I love what He's a great dude,

1477
01:07:56,960 --> 01:07:59,960
Speaker 8: and just yeah, I'm excited to watch watch them. I'm

1478
01:08:00,120 --> 01:08:02,200
Speaker 8: I'm actually most excited for them to go and race

1479
01:08:02,640 --> 01:08:03,840
Speaker 8: twice in New Zealand this year.

1480
01:08:03,840 --> 01:08:05,640
Speaker 10: I'm kind of jealous in some ways. I think that's

1481
01:08:05,680 --> 01:08:06,120
Speaker 10: really cool.

1482
01:08:06,200 --> 01:08:08,360
Speaker 3: Yeah, exactly. And the other one was the IF one.

1483
01:08:08,480 --> 01:08:10,120
Speaker 3: So I don't know how much you're following this, but

1484
01:08:10,640 --> 01:08:14,320
Speaker 3: in changing a car the way they have, I mean

1485
01:08:14,360 --> 01:08:15,440
Speaker 3: how do you get your hit around that.

1486
01:08:15,720 --> 01:08:18,160
Speaker 8: Yeah, I've spoken to a couple of guys in the

1487
01:08:18,240 --> 01:08:22,400
Speaker 8: field and it sounds like it's very, very tough and

1488
01:08:23,040 --> 01:08:23,680
Speaker 8: thinking about it.

1489
01:08:23,800 --> 01:08:26,760
Speaker 10: I mean, obviously, with the new rules.

1490
01:08:26,520 --> 01:08:28,840
Speaker 8: And the way that they change the regulations every couple

1491
01:08:28,880 --> 01:08:30,920
Speaker 8: of years, it does take a lot to learn. I mean,

1492
01:08:30,960 --> 01:08:33,120
Speaker 8: we had to learn a new system on the fly

1493
01:08:33,320 --> 01:08:35,120
Speaker 8: a couple of years ago with the hybrid system, and

1494
01:08:35,200 --> 01:08:38,320
Speaker 8: that was a lot in itself. We've finally got an

1495
01:08:38,360 --> 01:08:40,360
Speaker 8: idea of what it's going on, but I couldn't imagine

1496
01:08:40,360 --> 01:08:42,680
Speaker 8: trying to learn that every single year and trying to

1497
01:08:42,720 --> 01:08:45,360
Speaker 8: maximize it as well. And then you know, some guys

1498
01:08:45,439 --> 01:08:47,600
Speaker 8: are probably scrapped halfway through the year to build a

1499
01:08:47,640 --> 01:08:49,040
Speaker 8: better car for twenty twenty seven.

1500
01:08:49,160 --> 01:08:52,880
Speaker 10: So it's kind of it's it's weird, it's you know,

1501
01:08:53,200 --> 01:08:54,559
Speaker 10: I really enjoy my indicart races.

1502
01:08:54,560 --> 01:08:55,000
Speaker 2: I can do that.

1503
01:08:55,479 --> 01:08:57,640
Speaker 3: And I mean they suggest it's an age thing. I mean,

1504
01:08:57,920 --> 01:09:00,320
Speaker 3: do you subscribe to that the younger U, the more

1505
01:09:00,360 --> 01:09:02,280
Speaker 3: adaptable you are or is that not true?

1506
01:09:03,880 --> 01:09:06,960
Speaker 8: I think I think it's your reactions as you When

1507
01:09:06,960 --> 01:09:10,200
Speaker 8: you're younger, you can probably adapt to different things.

1508
01:09:09,960 --> 01:09:10,719
Speaker 10: A little bit easier.

1509
01:09:10,720 --> 01:09:12,360
Speaker 8: I mean, if you look at someone like Scottie, right,

1510
01:09:12,439 --> 01:09:15,519
Speaker 8: Scott Dixon being in the game for twenty twenty plus years,

1511
01:09:16,000 --> 01:09:18,760
Speaker 8: you know when they change to having the halo on

1512
01:09:18,840 --> 01:09:20,640
Speaker 8: our cars and the big era screen, it was a

1513
01:09:20,680 --> 01:09:22,960
Speaker 8: complete It was a massive weight shift. And I know

1514
01:09:23,080 --> 01:09:24,439
Speaker 8: for a fact that did take him a little bit

1515
01:09:24,560 --> 01:09:26,920
Speaker 8: to like get acquainted with that or it felt a

1516
01:09:27,000 --> 01:09:29,680
Speaker 8: little bit different, but with his experience he figured it out.

1517
01:09:29,840 --> 01:09:32,040
Speaker 8: I think as a young person, you just come in

1518
01:09:32,120 --> 01:09:34,200
Speaker 8: there and you sort of just drive the thing as

1519
01:09:34,240 --> 01:09:34,840
Speaker 8: hard as you can.

1520
01:09:35,120 --> 01:09:36,439
Speaker 10: I mean, it's it's part of it.

1521
01:09:36,640 --> 01:09:40,400
Speaker 8: So yeah, it's an awkward thing, but it sometimes works

1522
01:09:40,439 --> 01:09:40,560
Speaker 8: for you.

1523
01:09:40,640 --> 01:09:42,320
Speaker 3: Sometimes might be Smokee by the way, he's got to

1524
01:09:42,360 --> 01:09:44,160
Speaker 3: go cout. He always says, I should buy a go

1525
01:09:44,320 --> 01:09:46,679
Speaker 3: caut because they're super fun and it's super cheap racing.

1526
01:09:46,880 --> 01:09:47,519
Speaker 3: Are they worth it?

1527
01:09:47,880 --> 01:09:48,200
Speaker 15: They are?

1528
01:09:48,400 --> 01:09:51,679
Speaker 8: I mean, I'm the patron of Castport in New Zealand,

1529
01:09:51,720 --> 01:09:53,400
Speaker 8: so we could get you a go cart easy as

1530
01:09:53,479 --> 01:09:56,479
Speaker 8: But I think, you know, it's a great starting point.

1531
01:09:56,520 --> 01:09:58,719
Speaker 8: I think I think people forget, like, yeah, it's great

1532
01:09:58,760 --> 01:10:00,800
Speaker 8: that we go out there and we race, and you

1533
01:10:00,840 --> 01:10:02,920
Speaker 8: can race from a young age and it's fun. But

1534
01:10:03,439 --> 01:10:06,080
Speaker 8: the coolest thing I remember from gokarting was racing my

1535
01:10:06,240 --> 01:10:08,920
Speaker 8: family and going around to New Plymouth, for going down

1536
01:10:08,920 --> 01:10:11,840
Speaker 8: to Wellington, or you know, going everywhere all over New

1537
01:10:11,920 --> 01:10:13,200
Speaker 8: Zealand and racing together.

1538
01:10:13,720 --> 01:10:15,720
Speaker 10: And that's what's so fun about gokarting.

1539
01:10:15,840 --> 01:10:17,920
Speaker 8: So it's fun like to be on track and you

1540
01:10:18,040 --> 01:10:20,840
Speaker 8: get that thrill of racing, but you also had that

1541
01:10:20,960 --> 01:10:22,680
Speaker 8: thrill of going out with your mates and you know

1542
01:10:23,040 --> 01:10:25,280
Speaker 8: after that maybe having a beer and going home.

1543
01:10:25,320 --> 01:10:25,880
Speaker 10: You know, it's fun.

1544
01:10:25,880 --> 01:10:27,960
Speaker 3: All right, men, good luck in Florida. Lovely to catch

1545
01:10:28,040 --> 01:10:29,920
Speaker 3: up with you. I hope the season's a fantastic one.

1546
01:10:30,160 --> 01:10:32,040
Speaker 10: Yeah, thanks Mike Apprecia having me there We go.

1547
01:10:32,200 --> 01:10:35,920
Speaker 3: Scott McLaughlin. It is eight twenty one the Mic Hosking

1548
01:10:36,000 --> 01:10:40,519
Speaker 3: Breakfast with Bailey's Real Estate News Talks. They'd be here's

1549
01:10:40,520 --> 01:10:43,000
Speaker 3: a message life, A little moment shouldn't slow you down, right,

1550
01:10:43,040 --> 01:10:45,000
Speaker 3: think about that. Yeah, things like the morning walk, keeping

1551
01:10:45,080 --> 01:10:46,760
Speaker 3: up with the grand kids, getting through the day, all

1552
01:10:46,800 --> 01:10:48,720
Speaker 3: that sort of stuff. Your body notices when the old

1553
01:10:48,880 --> 01:10:50,840
Speaker 3: energy is low, or the joints might be a bit stiff,

1554
01:10:50,880 --> 01:10:52,920
Speaker 3: or the old heart needs support, which is why so

1555
01:10:53,160 --> 01:10:55,760
Speaker 3: many of us trust the lists oil from about health

1556
01:10:55,840 --> 01:10:59,080
Speaker 3: Now what Lists Oil does is it's packed with premium

1557
01:10:59,120 --> 01:11:01,599
Speaker 3: Amiga three's got the vitamin D, got the coke uten,

1558
01:11:01,680 --> 01:11:04,439
Speaker 3: got the antioxidants that supports the heart health, the brain clarity,

1559
01:11:04,479 --> 01:11:08,200
Speaker 3: the joint comfort, overall well being. Basically, it's all in

1560
01:11:08,360 --> 01:11:10,320
Speaker 3: just one simple daily dose and for a limited time.

1561
01:11:10,360 --> 01:11:12,800
Speaker 3: Here's the really good news. When you order the Listers Oil,

1562
01:11:13,600 --> 01:11:16,960
Speaker 3: we'll give you a free RESV plus free help support

1563
01:11:16,960 --> 01:11:19,320
Speaker 3: the heart, health, the circulation and the healthy aging. Perfect

1564
01:11:19,360 --> 01:11:21,840
Speaker 3: partner for the daily Amega three. Of course, read the label.

1565
01:11:21,880 --> 01:11:24,639
Speaker 3: Take only as directed, but the telephone number eight hundred

1566
01:11:24,680 --> 01:11:27,400
Speaker 3: triple nine three are nine. Eight hundred triple nine three

1567
01:11:27,479 --> 01:11:30,320
Speaker 3: are nine Online at about health dot co dot n

1568
01:11:30,439 --> 01:11:33,599
Speaker 3: z use the code breakfast or else you get nothing.

1569
01:11:34,080 --> 01:11:36,320
Speaker 3: You don't use the code, you get nothing. Use the

1570
01:11:36,360 --> 01:11:39,559
Speaker 3: code breakfast for your free three months supply RESV plus

1571
01:11:40,080 --> 01:11:42,880
Speaker 3: with your Listers with your Listers Oil. It's all from

1572
01:11:42,960 --> 01:11:46,080
Speaker 3: about Health asking. Now this is interesting.

1573
01:11:47,240 --> 01:11:47,800
Speaker 2: B and Z.

1574
01:11:49,479 --> 01:11:53,920
Speaker 3: Have lowered their long term mortgage rates. Now what's interesting

1575
01:11:53,960 --> 01:11:56,519
Speaker 3: about that is the last time Hawksby spoke, before doctor

1576
01:11:57,160 --> 01:12:00,720
Speaker 3: Arna spoke, there was a suggestion that they kind of

1577
01:12:00,800 --> 01:12:03,240
Speaker 3: blew it, suggesting there were no more cuts it was

1578
01:12:03,360 --> 01:12:06,400
Speaker 3: over and the yield and the bond mark and all

1579
01:12:06,479 --> 01:12:08,519
Speaker 3: that stuff. Anyway, a whole lot of stuff happened, and

1580
01:12:08,680 --> 01:12:10,439
Speaker 3: long term money started to go up.

1581
01:12:12,080 --> 01:12:12,240
Speaker 10: Now.

1582
01:12:12,360 --> 01:12:14,759
Speaker 3: I don't know if it's materially changed, given what Bremen

1583
01:12:14,840 --> 01:12:16,960
Speaker 3: said the other day, but long term money appears now

1584
01:12:17,000 --> 01:12:19,439
Speaker 3: to be going down. So the B and zaid and

1585
01:12:19,479 --> 01:12:22,439
Speaker 3: they LA will follow suit, because well, it's either an

1586
01:12:22,479 --> 01:12:25,719
Speaker 3: oligopoly or competition, depending on how you see it. Nicoler anyway,

1587
01:12:25,800 --> 01:12:28,240
Speaker 3: so your three year money has gone down only a

1588
01:12:28,360 --> 01:12:31,240
Speaker 3: tenth or a point one, but your four years gone

1589
01:12:31,280 --> 01:12:33,800
Speaker 3: down point three six, and your five years gone down

1590
01:12:34,000 --> 01:12:38,080
Speaker 3: point four. In my maths, that's almost half a percent,

1591
01:12:38,880 --> 01:12:41,679
Speaker 3: which is material, especially over a longer period of time.

1592
01:12:42,080 --> 01:12:45,640
Speaker 3: So the longer money is dropping. So the concern was

1593
01:12:46,400 --> 01:12:49,240
Speaker 3: the best of the days had gone and you needed

1594
01:12:49,320 --> 01:12:51,040
Speaker 3: to move, and if you hadn't moved, then it was

1595
01:12:51,080 --> 01:12:52,640
Speaker 3: all a bit too late. So that may be an

1596
01:12:52,680 --> 01:12:54,800
Speaker 3: evolving story over the next couple of days as the

1597
01:12:54,840 --> 01:12:57,919
Speaker 3: other banks move. I do note they're offering personal overdraft

1598
01:12:57,960 --> 01:13:02,240
Speaker 3: money at thirteen point seven. Now, without sounding like a

1599
01:13:02,320 --> 01:13:06,040
Speaker 3: complete pratt, I'm lucky enough not to have or need

1600
01:13:06,120 --> 01:13:10,160
Speaker 3: an overdraft, but I mean, that's just a rip, isn't it. Honestly?

1601
01:13:11,000 --> 01:13:15,720
Speaker 3: Thirteen point seven percent for an overdraft. So you dip

1602
01:13:15,800 --> 01:13:18,240
Speaker 3: in because the bill's a bit bigger than your thought

1603
01:13:18,320 --> 01:13:21,320
Speaker 3: or whatever. And suddenly they're all over you at thirteen

1604
01:13:21,520 --> 01:13:23,560
Speaker 3: in an environment where your average money is four and

1605
01:13:23,560 --> 01:13:27,439
Speaker 3: a half to five, they justify thirteen point seven. I mean,

1606
01:13:27,840 --> 01:13:29,560
Speaker 3: god knows what your credit card number is.

1607
01:13:29,840 --> 01:13:31,439
Speaker 9: When they've got to scrape together a profit.

1608
01:13:31,560 --> 01:13:34,840
Speaker 3: Somehow, pennies are tight, Glenn, they tell me in the

1609
01:13:34,920 --> 01:13:38,000
Speaker 3: banking can't afford the ATM machine. So no, under the

1610
01:13:38,080 --> 01:13:40,639
Speaker 3: interest rates are so high. News in a couple of moments,

1611
01:13:40,640 --> 01:13:43,000
Speaker 3: then there's plenty going on in Britain. Rod Little is

1612
01:13:43,080 --> 01:13:44,120
Speaker 3: with you after the news?

1613
01:13:44,160 --> 01:13:44,800
Speaker 13: Which is next?

1614
01:13:47,040 --> 01:13:50,840
Speaker 4: Opinion? Edit, Informed, unapologetic.

1615
01:13:50,120 --> 01:13:54,559
Speaker 1: The mic asking, breakfast with the defender, Embrace the impossible news,

1616
01:13:54,600 --> 01:13:55,720
Speaker 1: toks dead be Do.

1617
01:13:55,720 --> 01:13:57,479
Speaker 3: You want the good news or the bad news? I've

1618
01:13:57,520 --> 01:14:00,360
Speaker 3: got the Let's do the good news first. Sky Television

1619
01:14:00,760 --> 01:14:05,960
Speaker 3: results in underlying earnings up twenty nine percent, fifteen cent dibdend,

1620
01:14:06,600 --> 01:14:09,439
Speaker 3: underlying revenue up eight percent, underlying ebit DAR up twenty

1621
01:14:09,520 --> 01:14:13,080
Speaker 3: nine percent, underlying en PAT up seventy seven percent. They

1622
01:14:13,160 --> 01:14:17,559
Speaker 3: got some cash, I gave you the dibdend. Their revenue

1623
01:14:17,640 --> 01:14:20,920
Speaker 3: market chare boosted the thirty five percent linear television. Total

1624
01:14:20,960 --> 01:14:23,680
Speaker 3: advertising revenue more than doubled, which includes twenty percent from

1625
01:14:23,680 --> 01:14:25,479
Speaker 3: the past, has grown digital segment. Some of this has

1626
01:14:25,520 --> 01:14:27,560
Speaker 3: been enhanced by the fact they went and bought a

1627
01:14:27,600 --> 01:14:29,800
Speaker 3: television channel for a dollar, which tends to be a

1628
01:14:29,840 --> 01:14:32,720
Speaker 3: good deal because the television channel, despite the fact it

1629
01:14:32,800 --> 01:14:35,679
Speaker 3: was in a world of pain, actually did make some money.

1630
01:14:35,720 --> 01:14:36,960
Speaker 3: When you buy it for a dollar, it tends to

1631
01:14:37,120 --> 01:14:39,080
Speaker 3: reflect well in your books. Anyway. The upshot and then

1632
01:14:39,080 --> 01:14:42,080
Speaker 3: they go on about the usual stuff about the Rugby agreement, renewal,

1633
01:14:42,200 --> 01:14:44,479
Speaker 3: Formula one, blah blah blah, a lot of sport, so

1634
01:14:44,640 --> 01:14:47,519
Speaker 3: they seem it seems relatively upbeat, so that's good. It's

1635
01:14:47,520 --> 01:14:51,080
Speaker 3: been a good week for company reports until the in

1636
01:14:51,120 --> 01:14:54,040
Speaker 3: New Zealand, which is the bad news. Loss before taxation

1637
01:14:54,120 --> 01:14:55,479
Speaker 3: of fifty nine million. If you want to make it

1638
01:14:55,560 --> 01:14:57,599
Speaker 3: look better, after tax, it's a loss of forty million.

1639
01:14:58,040 --> 01:15:00,160
Speaker 3: EBIT DARA three hundred and forty seven million. It's the

1640
01:15:00,240 --> 01:15:04,280
Speaker 3: usual thing. Global engine maintenance delays, slower than expected recovery

1641
01:15:04,320 --> 01:15:07,759
Speaker 3: and domestic demand increasing aviation systems cost week in New Zealand,

1642
01:15:07,800 --> 01:15:11,360
Speaker 3: dollar strategic reviews underway. Nickels on the program as in

1643
01:15:11,439 --> 01:15:14,160
Speaker 3: the CEO tomorrow are that strategic review. I've got a

1644
01:15:14,200 --> 01:15:19,000
Speaker 3: few questions around that. No interim dividends being declared. Although

1645
01:15:19,000 --> 01:15:20,880
Speaker 3: I was reading about Rolls Royce this morning, as in

1646
01:15:20,960 --> 01:15:24,719
Speaker 3: the engine makers, and there's share prices up fifteen hundred

1647
01:15:24,720 --> 01:15:27,760
Speaker 3: percent since their new CEO arrived, and there in the

1648
01:15:27,800 --> 01:15:29,880
Speaker 3: golden era. I just don't know that any of their

1649
01:15:29,920 --> 01:15:33,559
Speaker 3: engines have made it our way, which they kind of should. Anyway,

1650
01:15:33,640 --> 01:15:35,519
Speaker 3: we're taking delivery. I'm just looking at the bit I

1651
01:15:35,600 --> 01:15:37,519
Speaker 3: read an account find now, but we're taking delivery of

1652
01:15:37,560 --> 01:15:42,479
Speaker 3: a couple of new seven eight sevens theoretically. So I

1653
01:15:42,520 --> 01:15:46,600
Speaker 3: don't know National Airline losing money. It's just I know

1654
01:15:46,800 --> 01:15:50,760
Speaker 3: their prole I get their problems. But I gave you

1655
01:15:50,840 --> 01:15:54,640
Speaker 3: Etty Yard's profit yesterday. They're making hundreds of millions of

1656
01:15:54,680 --> 01:15:57,640
Speaker 3: dollars profit. Look at Ettyard, look at Emirates, look at Singapore.

1657
01:15:58,280 --> 01:16:02,840
Speaker 3: Aviation is booming, and so in a booming market you

1658
01:16:03,000 --> 01:16:05,800
Speaker 3: can't make money. There's got to be some questions around that.

1659
01:16:06,080 --> 01:16:07,519
Speaker 3: Twenty one minutes away from nine.

1660
01:16:07,880 --> 01:16:11,719
Speaker 1: International Correspondence with ends an eye insurance, peace of mind

1661
01:16:11,800 --> 01:16:12,759
Speaker 1: for New Zealand business.

1662
01:16:13,120 --> 01:16:16,639
Speaker 3: Rob Little morning to you, my friend, good morning.

1663
01:16:16,720 --> 01:16:20,280
Speaker 15: We can't make money from anything. I don't know, but

1664
01:16:20,439 --> 01:16:23,760
Speaker 15: you may be worried about your own country. But there's

1665
01:16:23,840 --> 01:16:24,680
Speaker 15: nothing we can do.

1666
01:16:24,840 --> 01:16:26,519
Speaker 4: But anyway, go on BBC.

1667
01:16:26,760 --> 01:16:28,920
Speaker 3: I can't sort of I can't work out with. So

1668
01:16:29,080 --> 01:16:31,080
Speaker 3: I saw the bit about the bafts, I saw the

1669
01:16:31,160 --> 01:16:34,639
Speaker 3: Turette's thing, I saw the apologies. I saw that even

1670
01:16:34,720 --> 01:16:36,800
Speaker 3: this morning they're still saying they should have done more

1671
01:16:36,880 --> 01:16:38,840
Speaker 3: to stop it happening, or you know, bleep it out

1672
01:16:38,960 --> 01:16:42,880
Speaker 3: or do whatever. How has this become such a thing

1673
01:16:43,320 --> 01:16:44,200
Speaker 3: days on from.

1674
01:16:44,080 --> 01:16:48,639
Speaker 15: The bafters because people are mental, it's the only possible answer.

1675
01:16:49,600 --> 01:16:55,680
Speaker 15: Because people yearn they yearn to be outraged. And so

1676
01:16:56,960 --> 01:17:00,640
Speaker 15: having been told, having the entire audience and perform has

1677
01:17:00,680 --> 01:17:02,080
Speaker 15: been told that there was going to be a guy

1678
01:17:02,200 --> 01:17:05,600
Speaker 15: with two wrecks at the bafter rewards and that he

1679
01:17:05,760 --> 01:17:11,720
Speaker 15: might say something and indeed regularly fairly obnoxious, and it

1680
01:17:11,920 --> 01:17:14,400
Speaker 15: wasn't his fault. He went ahead and did that and

1681
01:17:14,520 --> 01:17:18,000
Speaker 15: said the ed word when two black guys were on stage.

1682
01:17:18,920 --> 01:17:24,240
Speaker 15: And so it's all about intersectionalism, it's all about inclusivity,

1683
01:17:24,720 --> 01:17:28,200
Speaker 15: and it's all about how these two things collapse when

1684
01:17:28,320 --> 01:17:35,000
Speaker 15: reality comes into play. And it's been fascinating, absolutely fascinating.

1685
01:17:35,320 --> 01:17:38,639
Speaker 15: I don't blame the BBC one bit. They got it wrong,

1686
01:17:39,760 --> 01:17:41,519
Speaker 15: but you know, I mean, they should have been a

1687
01:17:41,560 --> 01:17:43,840
Speaker 15: bit more diligent about what they cut out and so on.

1688
01:17:44,200 --> 01:17:47,080
Speaker 15: But that's a small sit. That's not the point. The

1689
01:17:47,200 --> 01:17:53,080
Speaker 15: point is that suddenly, when this disabled guy shouted something

1690
01:17:53,160 --> 01:17:55,920
Speaker 15: out which everyone has been warned he might well do,

1691
01:17:57,760 --> 01:18:02,879
Speaker 15: suddenly one part of the sectional Alliance decides to DeCamp

1692
01:18:02,960 --> 01:18:06,439
Speaker 15: and leave the Intersectional Alliance and say this was racism,

1693
01:18:06,600 --> 01:18:08,360
Speaker 15: systemic racism.

1694
01:18:08,720 --> 01:18:13,639
Speaker 3: Ludicrous BBC count When Hoyle ies watching him this morning,

1695
01:18:14,280 --> 01:18:17,880
Speaker 3: flight Risk is interesting in his involvement of this thing.

1696
01:18:17,960 --> 01:18:19,600
Speaker 3: Doesn't go away, does it with Mandlssohn?

1697
01:18:21,080 --> 01:18:23,560
Speaker 15: No, And it's going to stay around for ages. It

1698
01:18:23,680 --> 01:18:26,719
Speaker 15: may even stay around for the entire duration of Sakir

1699
01:18:26,800 --> 01:18:32,640
Speaker 15: Starmer's tenure, which more and more likely it's looking going

1700
01:18:32,680 --> 01:18:36,240
Speaker 15: to be another four years, you know, three years, because

1701
01:18:36,920 --> 01:18:38,720
Speaker 15: there is no one in the wings to take over

1702
01:18:38,840 --> 01:18:41,840
Speaker 15: from him, not even John Healy. Yeah, it's it's it's

1703
01:18:42,680 --> 01:18:46,680
Speaker 15: it's a problem. I mean, Lindsay Hoyle, I find a

1704
01:18:46,800 --> 01:18:52,160
Speaker 15: difficult and rather annoying character. He's well regarded as a speaker,

1705
01:18:52,680 --> 01:18:56,640
Speaker 15: but it's clear that he has done to the Metropolitan

1706
01:18:56,760 --> 01:19:00,519
Speaker 15: Police the idea that Peter Mandelsson might do a runner,

1707
01:19:00,720 --> 01:19:05,000
Speaker 15: very very quickly indeed, and he's had to apologize for that,

1708
01:19:06,320 --> 01:19:11,920
Speaker 15: and you know this will go on. I think the

1709
01:19:12,600 --> 01:19:15,040
Speaker 15: mood of the moment is tittering in favor of Look,

1710
01:19:15,360 --> 01:19:18,720
Speaker 15: Andrew's been subject to arrest, He's been dragged in, He's

1711
01:19:18,760 --> 01:19:22,200
Speaker 15: been photographed in the back of a car looking ghastly.

1712
01:19:23,080 --> 01:19:26,519
Speaker 15: Why isn't this happening to Mandelssohn And I think there's

1713
01:19:26,560 --> 01:19:29,479
Speaker 15: a bit of police grandstanding going on here, and I

1714
01:19:29,560 --> 01:19:31,240
Speaker 15: think that's what we saw at the weekend.

1715
01:19:31,800 --> 01:19:34,200
Speaker 3: Interesting the chatty Gars thing. Now I can't wake this

1716
01:19:34,280 --> 01:19:37,000
Speaker 3: out this morning. Either it's paused, but it is, but

1717
01:19:37,160 --> 01:19:38,880
Speaker 3: it isn't so is it or isn't it?

1718
01:19:41,600 --> 01:19:44,880
Speaker 15: It's hilarious. I don't think this Steel is going to

1719
01:19:44,920 --> 01:19:47,080
Speaker 15: go ahead. You know, I may be rolled, I may

1720
01:19:47,120 --> 01:19:51,000
Speaker 15: be role mate, and I've made wrong predictions to you before.

1721
01:19:51,360 --> 01:19:54,280
Speaker 15: But I think that this is the latest stage in

1722
01:19:54,400 --> 01:19:58,200
Speaker 15: the government quietly trying to withdraw the take or Steel

1723
01:19:58,720 --> 01:20:02,599
Speaker 15: given the problems rate by the American administration at the moment,

1724
01:20:03,120 --> 01:20:06,599
Speaker 15: but also given the problems which are mounting up daily

1725
01:20:07,960 --> 01:20:12,479
Speaker 15: on the doorstep of Keir Starmer, whether it be the

1726
01:20:12,560 --> 01:20:16,080
Speaker 15: Tragossians actually camping out on the Chagos Islands as they

1727
01:20:16,800 --> 01:20:19,640
Speaker 15: think they have a right to do, Britain telling them

1728
01:20:19,640 --> 01:20:23,400
Speaker 15: they're not allowed to, etcetera, etcetera. It is an appalling

1729
01:20:23,560 --> 01:20:29,240
Speaker 15: mess occasioned entirely by the labor parties and the labor

1730
01:20:29,320 --> 01:20:34,240
Speaker 15: governments wish to decolonize, which is going to be one

1731
01:20:34,280 --> 01:20:36,599
Speaker 15: of those words which fifty years from now we will

1732
01:20:36,680 --> 01:20:38,759
Speaker 15: look back on and cringe.

1733
01:20:39,280 --> 01:20:42,439
Speaker 3: Yeah, I'm looking at a poll. So it's what it's called,

1734
01:20:42,479 --> 01:20:44,920
Speaker 3: tod or whatever it is. That Wednesday night at your place.

1735
01:20:45,760 --> 01:20:49,040
Speaker 3: Tomorrow week is voting day, Gordon and Denton. I got

1736
01:20:49,080 --> 01:20:50,720
Speaker 3: a poll in front of me, says the Greens are

1737
01:20:50,760 --> 01:20:51,120
Speaker 3: in the lead.

1738
01:20:51,240 --> 01:20:51,720
Speaker 2: Is that real?

1739
01:20:53,720 --> 01:20:56,320
Speaker 15: That's what I've told you two weeks ago. Mate, It's

1740
01:20:56,479 --> 01:20:59,280
Speaker 15: what I said two weeks ago. I think it is real,

1741
01:21:00,000 --> 01:21:02,400
Speaker 15: and I will stick my neck out. I know you

1742
01:21:02,560 --> 01:21:05,200
Speaker 15: like people to call it on this show and then

1743
01:21:05,320 --> 01:21:08,559
Speaker 15: look like idiots the following week. I don't mind that, Mike,

1744
01:21:09,000 --> 01:21:10,880
Speaker 15: I don't mind that you do that.

1745
01:21:11,280 --> 01:21:11,880
Speaker 12: You do that.

1746
01:21:14,520 --> 01:21:17,800
Speaker 15: I will call this poll to the Green Party, as

1747
01:21:17,960 --> 01:21:22,639
Speaker 15: I was virtually alone in the country three or four

1748
01:21:22,680 --> 01:21:24,920
Speaker 15: weeks ago when this was called win.

1749
01:21:25,040 --> 01:21:28,160
Speaker 3: Starmer turns up then and goes it's a battle between

1750
01:21:28,280 --> 01:21:31,040
Speaker 3: labor and reform and the Greens win. How does he

1751
01:21:31,120 --> 01:21:31,680
Speaker 3: explain that.

1752
01:21:33,600 --> 01:21:37,519
Speaker 15: What I think he should do and do with some

1753
01:21:37,800 --> 01:21:42,439
Speaker 15: vigor is explained why the Green Party is far, far,

1754
01:21:42,800 --> 01:21:46,800
Speaker 15: far more extreme than anything Nigel Faraj has of his sleeve.

1755
01:21:47,600 --> 01:21:53,080
Speaker 15: You know, this is a party of people who are

1756
01:21:54,000 --> 01:21:57,760
Speaker 15: kind of Turetti mentalists. I mean, I'm sorry, it is

1757
01:21:58,120 --> 01:22:01,800
Speaker 15: really difficult abolished nade to get rid of NATO. You know,

1758
01:22:02,000 --> 01:22:04,360
Speaker 15: don't know them. Eathlear family don't like any of that.

1759
01:22:04,800 --> 01:22:09,160
Speaker 15: I mean, these people are mad, I would say, I

1760
01:22:09,240 --> 01:22:12,080
Speaker 15: would say, and I voted for them. You know, in

1761
01:22:12,160 --> 01:22:12,800
Speaker 15: two thousand and.

1762
01:22:12,880 --> 01:22:15,960
Speaker 3: Five we go, well, and we'll see if you're right.

1763
01:22:16,040 --> 01:22:18,880
Speaker 3: We'll get you back on next Tuesday. That's overnight our

1764
01:22:18,960 --> 01:22:21,040
Speaker 3: time or into tomorrow, so we'll probably end up talking

1765
01:22:21,080 --> 01:22:22,920
Speaker 3: about it a bit rod little out of Britain for us,

1766
01:22:22,920 --> 01:22:23,719
Speaker 3: say forty five.

1767
01:22:24,840 --> 01:22:29,240
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio, Howard

1768
01:22:29,280 --> 01:22:31,880
Speaker 1: By News talks that be well, you.

1769
01:22:31,880 --> 01:22:34,519
Speaker 3: Love Scott McLachlin Scottie what a Legion, loved his interview.

1770
01:22:34,560 --> 01:22:36,439
Speaker 3: Thank you for having the best sportsmen on the program. Mike,

1771
01:22:36,439 --> 01:22:38,880
Speaker 3: you should look into classic karting. Is classic like a

1772
01:22:38,960 --> 01:22:42,240
Speaker 3: bum out for masters? Is classic? As in like old carts?

1773
01:22:42,360 --> 01:22:44,920
Speaker 3: Or is it for old people? Like the classic carts go?

1774
01:22:45,040 --> 01:22:46,759
Speaker 3: But it's like because the old farts are behind the wheel.

1775
01:22:46,760 --> 01:22:48,720
Speaker 3: Is that what you're saying to me? What is it

1776
01:22:48,720 --> 01:22:52,120
Speaker 3: about these motorsport people? Mike Young, grounded and speak so well.

1777
01:22:52,320 --> 01:22:55,479
Speaker 3: Maturity beyond the years, Mike, These Thursday interviews are return off. Sorry,

1778
01:22:55,560 --> 01:22:57,880
Speaker 3: five minutes is birely okay, but droning on is ghastly.

1779
01:22:58,560 --> 01:22:59,320
Speaker 2: Thank you Ellison.

1780
01:23:01,920 --> 01:23:03,680
Speaker 3: I don't disagree. I couldn't disagree more.

1781
01:23:03,760 --> 01:23:03,960
Speaker 2: Mike.

1782
01:23:04,040 --> 01:23:07,719
Speaker 3: We hosted our son's wedding last weekend. The drinking habits

1783
01:23:07,760 --> 01:23:10,360
Speaker 3: of the twenty to thirties is so different. They chose

1784
01:23:10,439 --> 01:23:12,760
Speaker 3: low car blow sugar drinks. Beer and wine are seen

1785
01:23:12,760 --> 01:23:15,880
Speaker 3: as less healthy. That is true. We're living through it

1786
01:23:15,960 --> 01:23:17,840
Speaker 3: at our place, in terms of not our place, because

1787
01:23:17,840 --> 01:23:20,640
Speaker 3: they've all left, thank god, apart from one anyway. The

1788
01:23:20,680 --> 01:23:22,800
Speaker 3: point being is we're living through the same thing at

1789
01:23:22,840 --> 01:23:26,320
Speaker 3: our place. There is a material shift in the attitude

1790
01:23:26,360 --> 01:23:29,200
Speaker 3: to alcohol in this country. There's absolutely no question about it.

1791
01:23:29,280 --> 01:23:31,200
Speaker 3: There's still a bit of the binge stuff about the place,

1792
01:23:31,840 --> 01:23:35,200
Speaker 3: but in general it is nowhere like it was ten

1793
01:23:35,320 --> 01:23:37,759
Speaker 3: twenty years ago. So when you look at all the numbers,

1794
01:23:37,800 --> 01:23:40,400
Speaker 3: and they're big numbers, they're falls. I mean, businesses that

1795
01:23:40,760 --> 01:23:42,680
Speaker 3: have to deal with a drop of eight percent of

1796
01:23:42,720 --> 01:23:45,720
Speaker 3: anything have got to be worried far less fall of

1797
01:23:45,760 --> 01:23:49,720
Speaker 3: twenty seven percent of anything. The spirits are up. I

1798
01:23:50,600 --> 01:23:55,320
Speaker 3: reckon it's branding. I'm involved in a very offhand sort

1799
01:23:55,320 --> 01:23:59,080
Speaker 3: of way with a gin company and we're doing really well.

1800
01:23:59,160 --> 01:24:00,680
Speaker 3: And I'm not telling you that we're doing really well

1801
01:24:00,720 --> 01:24:02,560
Speaker 3: to sprink it. I don't even think I'm allowed to

1802
01:24:02,600 --> 01:24:05,320
Speaker 3: mention it. The point being, it's about branding. It's the

1803
01:24:05,400 --> 01:24:09,040
Speaker 3: packaging and the delivery of the product is exceptional, and

1804
01:24:09,240 --> 01:24:11,320
Speaker 3: people buy it and we're up. Sales are up and

1805
01:24:11,400 --> 01:24:13,639
Speaker 3: up and up, and so people love it, they vibe

1806
01:24:13,680 --> 01:24:15,600
Speaker 3: it and they feel good about it, and so I

1807
01:24:15,680 --> 01:24:18,280
Speaker 3: think that's the battle. It's not about volume and just.

1808
01:24:18,720 --> 01:24:22,400
Speaker 9: So you're roasting your own beans and now you're distilling

1809
01:24:22,479 --> 01:24:23,360
Speaker 9: your own junif.

1810
01:24:24,200 --> 01:24:27,280
Speaker 3: Not technically distilling my own gym, but I in a

1811
01:24:27,479 --> 01:24:30,280
Speaker 3: very helicopterish type of way. I am involved in the

1812
01:24:30,280 --> 01:24:32,880
Speaker 3: business of gin. At the moment, we drink less than

1813
01:24:32,960 --> 01:24:35,880
Speaker 3: the US, the British, the Australians, the Germans, the French

1814
01:24:35,920 --> 01:24:38,880
Speaker 3: and the Irish. The Irish and the British, I'm not

1815
01:24:38,960 --> 01:24:41,600
Speaker 3: remotely surprised about. But all over the world there is

1816
01:24:41,840 --> 01:24:46,240
Speaker 3: no question there is a material move away from drinking.

1817
01:24:46,280 --> 01:24:49,800
Speaker 3: Habits of hold nine minutes away from nine the.

1818
01:24:50,000 --> 01:24:54,280
Speaker 1: Mike Hosking breakfast with a Vita Retirement Communities News togs

1819
01:24:54,320 --> 01:24:54,719
Speaker 1: had been.

1820
01:24:54,840 --> 01:24:56,560
Speaker 3: We've been talking a lot about success this morning, and

1821
01:24:56,600 --> 01:24:59,120
Speaker 3: if you want to talk successful, Bailey's fifty years now,

1822
01:24:59,160 --> 01:25:01,759
Speaker 3: Bailey's real Estate built a legacy on trust and innovation

1823
01:25:01,880 --> 01:25:04,880
Speaker 3: right across this beautiful country. Countries leading these days, countries

1824
01:25:04,960 --> 01:25:08,200
Speaker 3: leading full service real estate agency started off as so

1825
01:25:08,320 --> 01:25:11,400
Speaker 3: many do, humble beginnings. They've matured into the largest locally owned,

1826
01:25:11,400 --> 01:25:15,200
Speaker 3: family operated real estate network, more than one hundred officers

1827
01:25:15,240 --> 01:25:17,000
Speaker 3: these days have got more than two thousand people working

1828
01:25:17,040 --> 01:25:19,559
Speaker 3: for them. Expertise across all corners of the property sector.

1829
01:25:19,560 --> 01:25:23,320
Speaker 3: Doesn't matter what you're doing, residential, commercial, rural, property services.

1830
01:25:23,520 --> 01:25:26,479
Speaker 3: You're adding value across the property sector and they are

1831
01:25:26,680 --> 01:25:29,200
Speaker 3: Bailey's besides you on the rugby, pitch in the gun,

1832
01:25:29,280 --> 01:25:32,000
Speaker 3: boots on the farm, investing in local communities all over

1833
01:25:32,040 --> 01:25:34,160
Speaker 3: the country. So that's the Kiwi way, which is the

1834
01:25:34,200 --> 01:25:36,800
Speaker 3: Bailey's way. They're backed by the national network. They've got

1835
01:25:36,840 --> 01:25:39,400
Speaker 3: the strategic international partnerships too, by the way that gives

1836
01:25:39,439 --> 01:25:42,479
Speaker 3: their clients the cutting edge. So basically, people, it's people,

1837
01:25:42,520 --> 01:25:44,519
Speaker 3: it's people. It's people at the forefront of everything they

1838
01:25:44,600 --> 01:25:48,200
Speaker 3: do prior to support New Zealanders to achieve our property goals.

1839
01:25:48,240 --> 01:25:50,800
Speaker 3: They've done real estate differently for half a century. So

1840
01:25:51,120 --> 01:25:53,760
Speaker 3: question how can Baileys altogether a better approach help you?

1841
01:25:54,200 --> 01:25:57,840
Speaker 3: Licensed under the RIAAC two thousand eighty Visit Bailes dot

1842
01:25:58,000 --> 01:26:02,439
Speaker 3: co dot nz and learn more. Asking what have you text?

1843
01:26:02,479 --> 01:26:04,040
Speaker 3: It's the old thing as well. A lot of your

1844
01:26:04,080 --> 01:26:08,920
Speaker 3: texting saying it's the pills and the drugs. So we're

1845
01:26:08,960 --> 01:26:11,120
Speaker 3: all busy on the drugs now. I don't know whether

1846
01:26:11,160 --> 01:26:14,040
Speaker 3: you're saying, because we're taking the drugs, we don't drink

1847
01:26:14,080 --> 01:26:16,720
Speaker 3: the alcohol, or you're saying we take the drugs and

1848
01:26:16,800 --> 01:26:20,040
Speaker 3: we can't afford the alcohol. One or the others. Seems

1849
01:26:20,080 --> 01:26:22,360
Speaker 3: to be a theme that we're all on the pills

1850
01:26:22,400 --> 01:26:24,799
Speaker 3: and the potions nowadays. So be is a bit yesterday,

1851
01:26:24,840 --> 01:26:26,240
Speaker 3: five minutes away from nine.

1852
01:26:26,400 --> 01:26:31,360
Speaker 1: Trending now with chemist Wells keeping Kiwi's healthy all year round.

1853
01:26:31,479 --> 01:26:35,040
Speaker 3: Jimsung's Galaxy Unpacked event global launch of the new S

1854
01:26:35,120 --> 01:26:36,760
Speaker 3: twenty six. I need the new S twenty six. I

1855
01:26:36,800 --> 01:26:38,479
Speaker 3: think I'm going to get one of those, because my's

1856
01:26:38,560 --> 01:26:40,320
Speaker 3: what what's that? Glenn? What's that?

1857
01:26:41,640 --> 01:26:41,840
Speaker 18: One?

1858
01:26:41,920 --> 01:26:43,960
Speaker 9: And it's one's two?

1859
01:26:44,080 --> 01:26:47,000
Speaker 3: This is something like that is broken is twenty six

1860
01:26:47,160 --> 01:26:48,959
Speaker 3: plus is twenty six Ultra.

1861
01:26:50,320 --> 01:26:54,559
Speaker 17: Here's old TM with the hype technologies, they changed history

1862
01:26:55,120 --> 01:27:01,679
Speaker 17: for something different. They've fed into the background, not because

1863
01:27:01,920 --> 01:27:09,040
Speaker 17: they lose power, but because they become infrastructure AI sense

1864
01:27:09,280 --> 01:27:10,160
Speaker 17: at that moment.

1865
01:27:10,960 --> 01:27:14,920
Speaker 3: No, well, that's true. Three handsets. They don't look a

1866
01:27:14,960 --> 01:27:17,720
Speaker 3: lot different. They never do these days. They are faster though,

1867
01:27:18,360 --> 01:27:20,840
Speaker 3: a lot of chips in there, so many chips. Nography

1868
01:27:21,000 --> 01:27:22,800
Speaker 3: is the thing this time around. Those camera sens is

1869
01:27:22,840 --> 01:27:26,000
Speaker 3: more light and at night, fantastic nicography. You want to

1870
01:27:26,040 --> 01:27:28,400
Speaker 3: do your nudes at night? Really easy to do them now.

1871
01:27:28,520 --> 01:27:32,800
Speaker 3: I guess new privacy screen function that will first apparently, Yeah,

1872
01:27:32,880 --> 01:27:36,719
Speaker 3: AI so much I and so much AI.

1873
01:27:37,200 --> 01:27:41,559
Speaker 22: Galaxy AI does more than organize your life, it can

1874
01:27:41,640 --> 01:27:47,280
Speaker 22: also do things on your behalf, like taking calls. Let's

1875
01:27:47,360 --> 01:27:51,799
Speaker 22: be honest, we don't answer every call. For those calls

1876
01:27:51,880 --> 01:27:54,479
Speaker 22: you can't get to or the ones you don't want

1877
01:27:54,600 --> 01:27:58,400
Speaker 22: to get to. Galaxy AI can give you a clear,

1878
01:27:58,760 --> 01:28:01,639
Speaker 22: simple summary who called and what they wanted?

1879
01:28:02,120 --> 01:28:04,080
Speaker 3: Was that a real person? Was that AI? It's very

1880
01:28:04,120 --> 01:28:07,160
Speaker 3: hard to tell, wasn't it. Ear buds, Yes, got new earbuds.

1881
01:28:07,200 --> 01:28:09,760
Speaker 3: Bixby's on the AI. The Gemini that got perplexity to

1882
01:28:09,840 --> 01:28:12,519
Speaker 3: get everyone on their buds, S four buds, S four

1883
01:28:12,640 --> 01:28:18,040
Speaker 3: pro Buddy bud Bud bud Buds. It's twenty six starts

1884
01:28:18,160 --> 01:28:20,760
Speaker 3: seventeen ninety nine. The one I'm going to get because

1885
01:28:20,760 --> 01:28:23,559
Speaker 3: I'm an idiot is the Ultra of course, three thousand,

1886
01:28:23,600 --> 01:28:26,880
Speaker 3: one hundred and forty nine dollars. Why wouldn't I? Hey, Hey,

1887
01:28:27,320 --> 01:28:27,680
Speaker 3: why not?

1888
01:28:28,280 --> 01:28:28,640
Speaker 2: Why not?

1889
01:28:28,840 --> 01:28:31,599
Speaker 3: Why I four hundred off pre order special too?

1890
01:28:32,920 --> 01:28:32,960
Speaker 8: No?

1891
01:28:33,160 --> 01:28:35,160
Speaker 3: I want to pay full price. I want the four

1892
01:28:35,200 --> 01:28:35,679
Speaker 3: hundred dollars.

1893
01:28:35,720 --> 01:28:38,720
Speaker 9: Oh oh that's that's three thousand, five hundred and forty nine.

1894
01:28:38,760 --> 01:28:41,920
Speaker 3: I'll give you four thousand anyway back tomorrow, Happy Days.

1895
01:28:44,080 --> 01:28:46,960
Speaker 1: For more from the Mic Asking Breakfast, Listen live to

1896
01:28:47,080 --> 01:28:50,160
Speaker 1: news talks. It'd be from six am weekdays, or follow

1897
01:28:50,200 --> 01:28:51,720
Speaker 1: the podcast on iHeartRadio