1 00:00:00,200 --> 00:00:04,520 Speaker 1: It's your source of freaking news, challenging opinion and honored facts. 2 00:00:04,800 --> 00:00:09,280 Speaker 1: The Mike Hosking Breakfast with a Vida, Retirement, Communities, Life 3 00:00:09,480 --> 00:00:10,920 Speaker 1: Your Way News, togs heead b. 4 00:00:11,039 --> 00:00:13,160 Speaker 2: Wlling You welcome today. You can on a insight pull 5 00:00:13,200 --> 00:00:16,239 Speaker 2: you on housing and business profits more, angth Server, Pealestone, 6 00:00:16,239 --> 00:00:18,840 Speaker 2: Grant Dalton on these new couple rules, Mark and Jinny 7 00:00:18,920 --> 00:00:21,520 Speaker 2: pony up after right for Richard, I will state side 8 00:00:21,520 --> 00:00:23,280 Speaker 2: Steve price Inos. 9 00:00:23,000 --> 00:00:24,079 Speaker 3: Failure forus as well. 10 00:00:24,520 --> 00:00:27,080 Speaker 2: Pasky, Welcome to the day. Seven past six. Never takes 11 00:00:27,120 --> 00:00:28,640 Speaker 2: long to find the bank of the taxpayer. Don't you 12 00:00:28,680 --> 00:00:30,840 Speaker 2: reckon the Green Building Council. We'll talk to them later. 13 00:00:30,880 --> 00:00:33,000 Speaker 2: The Green Building Council has lined up the government for 14 00:00:33,040 --> 00:00:35,199 Speaker 2: lord knows how many millions of dollars so we can 15 00:00:35,280 --> 00:00:37,519 Speaker 2: audit our gas heaters, buy heat pumps and save us 16 00:00:37,560 --> 00:00:40,720 Speaker 2: all one money and two apparently the gas industry are 17 00:00:40,760 --> 00:00:43,960 Speaker 2: We talked yesterday with businesses who use gas. Some are 18 00:00:43,960 --> 00:00:47,600 Speaker 2: looking to convert, some want discretionary loans from you know who. 19 00:00:48,000 --> 00:00:51,000 Speaker 2: Major gas users met the Minister last Friday. I assume 20 00:00:51,120 --> 00:00:53,240 Speaker 2: to state the obvious that we don't have enough gas, 21 00:00:53,280 --> 00:00:56,720 Speaker 2: so something needs to be done. Just what the something is? 22 00:00:56,760 --> 00:00:58,279 Speaker 2: No one seems to know give and I have been 23 00:00:58,680 --> 00:01:00,960 Speaker 2: given no clear answer so far to a fairly simple 24 00:01:01,040 --> 00:01:03,000 Speaker 2: question I've asked a number of times over the past 25 00:01:03,000 --> 00:01:05,520 Speaker 2: couple of weeks. Now, at the big level, like method 26 00:01:05,640 --> 00:01:07,640 Speaker 2: X or balance, I don't know there is an answer. 27 00:01:07,720 --> 00:01:10,000 Speaker 2: I mean, you either pay the price or presumably pass 28 00:01:10,040 --> 00:01:12,280 Speaker 2: it on, or you don't and close down. At the 29 00:01:12,280 --> 00:01:15,480 Speaker 2: smaller level, does a grower of something need a government 30 00:01:15,520 --> 00:01:18,119 Speaker 2: loan or a handout? Should a grower not have seen 31 00:01:18,200 --> 00:01:20,440 Speaker 2: the price of gas and thought to themselves might like 32 00:01:20,520 --> 00:01:23,800 Speaker 2: to inquire about an alternative? You do, I guess? Get 33 00:01:23,800 --> 00:01:27,440 Speaker 2: that interface between business being for personal good versus wider 34 00:01:27,520 --> 00:01:29,840 Speaker 2: good like jobs and produce for the country, and what 35 00:01:29,920 --> 00:01:32,600 Speaker 2: role the government might play in that. At a personal level, 36 00:01:32,600 --> 00:01:34,679 Speaker 2: we use gas at our place price as a joke. 37 00:01:35,080 --> 00:01:37,080 Speaker 2: We may or may not need to look at something different. 38 00:01:37,080 --> 00:01:38,920 Speaker 2: But meantime, I am prepared to put the bill and 39 00:01:38,959 --> 00:01:40,880 Speaker 2: I've got no desire to seek help from the government 40 00:01:41,200 --> 00:01:43,840 Speaker 2: at the Green Building Council or right, and we all 41 00:01:43,880 --> 00:01:46,679 Speaker 2: switch to electricity as supplied by rain, wouldn't life be great? 42 00:01:46,720 --> 00:01:48,840 Speaker 2: But we all know it's not that easy. We all 43 00:01:48,880 --> 00:01:51,680 Speaker 2: know the renewable journey has been and remains a cluster. 44 00:01:52,080 --> 00:01:55,320 Speaker 2: We all know a variety of circumstances. A coalest to 45 00:01:55,320 --> 00:01:57,760 Speaker 2: provide the sort of business environment that leads to big bills, 46 00:01:57,800 --> 00:02:00,600 Speaker 2: big cutbacks, job losses and lack of growth. It's an 47 00:02:00,600 --> 00:02:02,720 Speaker 2: open question, I guess, as to how much of the 48 00:02:02,800 --> 00:02:05,160 Speaker 2: lack of gas is about the Labour Party and the 49 00:02:05,240 --> 00:02:07,880 Speaker 2: killing of an industry versus what we already had running 50 00:02:07,880 --> 00:02:10,680 Speaker 2: out faster than we thought. But is it possible we 51 00:02:10,720 --> 00:02:14,680 Speaker 2: could just have a mindset change whereby the taxpayer isn't 52 00:02:14,720 --> 00:02:17,680 Speaker 2: always the first cab off the rank to cover yet 53 00:02:17,720 --> 00:02:19,400 Speaker 2: more lack of foresight and planning. 54 00:02:20,200 --> 00:02:23,880 Speaker 1: Wow, news of the world in ninety seconds. 55 00:02:23,919 --> 00:02:27,480 Speaker 2: In the world of seemingly unsolvable problems, the British government 56 00:02:27,520 --> 00:02:29,760 Speaker 2: remained bogged down this morning in the illegal boat drama 57 00:02:29,840 --> 00:02:33,400 Speaker 2: New Day, new record. They've cracked fifty thousand since arriving 58 00:02:33,440 --> 00:02:35,080 Speaker 2: in government. The Tories. They're making hay. 59 00:02:35,240 --> 00:02:37,400 Speaker 4: The thing that will fix this problem, what will stop 60 00:02:37,440 --> 00:02:39,840 Speaker 4: the boots is the deterrent, which means they don't come 61 00:02:39,840 --> 00:02:40,720 Speaker 4: here in the first place. 62 00:02:40,840 --> 00:02:42,560 Speaker 5: And Leba does not have the deterrent plan. 63 00:02:42,919 --> 00:02:44,560 Speaker 2: The government to try and the oldest trick in the book. 64 00:02:44,639 --> 00:02:49,240 Speaker 6: We've taken our responsibility to work internationally to change the law, 65 00:02:49,639 --> 00:02:52,440 Speaker 6: to improve the way in which the asylum system works. 66 00:02:52,680 --> 00:02:55,160 Speaker 6: The last government did none of those things and focused 67 00:02:55,200 --> 00:02:55,880 Speaker 6: on gimmicks. 68 00:02:56,480 --> 00:03:00,160 Speaker 2: Unsolvable Problem number two the United Nations still jawby in 69 00:03:00,160 --> 00:03:02,320 Speaker 2: the Middle East. Why is Famas and why is ja? 70 00:03:02,880 --> 00:03:07,880 Speaker 7: We also demand that Israel, as the occupying power, immediately 71 00:03:08,080 --> 00:03:12,520 Speaker 7: and unconditionally allowed the entry of humanitarian assistance at scale 72 00:03:12,919 --> 00:03:17,079 Speaker 7: into the Gaza strip, including food, medicine and fuel. 73 00:03:17,480 --> 00:03:20,919 Speaker 2: The israelis working hard at the journalist claims why is Kamas. 74 00:03:20,680 --> 00:03:23,560 Speaker 8: And why is el Jazeira having terrorists on their payroll 75 00:03:23,960 --> 00:03:25,040 Speaker 8: working as journalists? 76 00:03:25,040 --> 00:03:28,520 Speaker 9: And why are terrorists also functioning as journalists? 77 00:03:28,520 --> 00:03:29,160 Speaker 1: With questions? 78 00:03:29,200 --> 00:03:30,800 Speaker 2: I think that those are questions. 79 00:03:30,440 --> 00:03:32,560 Speaker 9: That need to be very alarming and we need to 80 00:03:32,600 --> 00:03:33,160 Speaker 9: ask them. 81 00:03:33,480 --> 00:03:37,160 Speaker 2: Unsolvable Problem number three the European thanks over the Saturday's 82 00:03:37,200 --> 00:03:40,160 Speaker 2: chin wag in Alaska. The war is not succeeding. They 83 00:03:40,160 --> 00:03:41,800 Speaker 2: are not getting what they want. 84 00:03:41,960 --> 00:03:45,480 Speaker 10: Ukraine is standing strong, so they are trying, of course, 85 00:03:45,800 --> 00:03:46,720 Speaker 10: various other means. 86 00:03:46,720 --> 00:03:48,520 Speaker 1: So we just have to be very realistic. 87 00:03:48,720 --> 00:03:49,840 Speaker 2: All I can those played. 88 00:03:50,000 --> 00:03:54,280 Speaker 11: Putin has not renounced any of his maximalists and imperialist 89 00:03:54,480 --> 00:03:57,600 Speaker 11: demands and claims. So I think we have to see 90 00:03:57,600 --> 00:04:02,680 Speaker 11: to it that this meeting ends with something that is 91 00:04:02,760 --> 00:04:05,880 Speaker 11: helpful to Ukraine, to the victim of the aggressive. 92 00:04:05,960 --> 00:04:09,160 Speaker 2: They have announced a location. It's an anchorage probably not surprisingly. 93 00:04:09,200 --> 00:04:12,080 Speaker 2: Finally are what some suggests is Britain's WOCUST Council gave 94 00:04:12,160 --> 00:04:14,880 Speaker 2: us more material this morning. This is Burton Council, South London. 95 00:04:15,200 --> 00:04:18,000 Speaker 2: They're now asking stuff to call parents caregivers rather than 96 00:04:18,200 --> 00:04:20,840 Speaker 2: I don't know mum or dad. That way it's more inclusive. 97 00:04:21,120 --> 00:04:23,200 Speaker 2: They've also told workers not to use the words young, 98 00:04:23,760 --> 00:04:26,640 Speaker 2: old or mature because that would be ages. Of course, 99 00:04:26,880 --> 00:04:29,520 Speaker 2: they put these new directives in their twenty seven page 100 00:04:29,560 --> 00:04:32,280 Speaker 2: and inclusive Language Guy, which says you cannot say things 101 00:04:32,279 --> 00:04:35,320 Speaker 2: like mannadsk. That is news of the world in ninety 102 00:04:35,800 --> 00:04:37,599 Speaker 2: it's all go, I tell you what. In the world 103 00:04:37,640 --> 00:04:41,039 Speaker 2: of finance, three point six percent. The RBA of Australia 104 00:04:41,080 --> 00:04:42,600 Speaker 2: will look at this. In just a couple of moments 105 00:04:42,600 --> 00:04:46,039 Speaker 2: moved yesterday twenty five points US inflation came in. Oh 106 00:04:46,080 --> 00:04:48,600 Speaker 2: my lord, they loved it. The markets off to the races. 107 00:04:48,640 --> 00:04:51,839 Speaker 2: More shortly, twelve past six, the. 108 00:04:52,040 --> 00:04:56,800 Speaker 1: Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by 109 00:04:56,839 --> 00:04:57,640 Speaker 1: News Talks B. 110 00:05:00,480 --> 00:05:02,240 Speaker 2: I'll come back to this later, but the jobs market 111 00:05:02,240 --> 00:05:04,960 Speaker 2: in the UK's interesting. Unemployment to state at four point 112 00:05:05,040 --> 00:05:08,080 Speaker 2: seven percent, but there's some interesting numbers around that. Who's 113 00:05:08,120 --> 00:05:11,240 Speaker 2: got inflation under control? Answer? India one point five to 114 00:05:11,360 --> 00:05:14,279 Speaker 2: five one point five to five drop for the ninth 115 00:05:14,480 --> 00:05:20,479 Speaker 2: straight month, fourteen past six, j Am I Wealth, Andrew Callah, 116 00:05:20,600 --> 00:05:25,000 Speaker 2: Good morning morning, Mike. Right, there's a big news day yesterday. 117 00:05:25,080 --> 00:05:26,840 Speaker 2: Sparks start me off with that good or bad? Are 118 00:05:26,839 --> 00:05:27,240 Speaker 2: we enter this? 119 00:05:28,080 --> 00:05:28,320 Speaker 5: Yeah? 120 00:05:28,320 --> 00:05:30,640 Speaker 12: This is good. I think if you want to characterize 121 00:05:30,680 --> 00:05:33,360 Speaker 12: whether they single word look the share price. Sparks share 122 00:05:33,360 --> 00:05:35,919 Speaker 12: price has been lifting since the beginning of August, and 123 00:05:36,000 --> 00:05:38,280 Speaker 12: I suppose the contexts important here because it was around 124 00:05:38,320 --> 00:05:40,560 Speaker 12: three bucks E in the year and then anybody that's 125 00:05:40,560 --> 00:05:43,039 Speaker 12: invested in the zoom shermark will no then slump drag 126 00:05:43,080 --> 00:05:45,520 Speaker 12: the market down to around two bucks. That you had 127 00:05:45,520 --> 00:05:47,440 Speaker 12: a recent little lifts and started this month, and that 128 00:05:47,480 --> 00:05:49,080 Speaker 12: was due to rumors it was looking at a sale 129 00:05:49,080 --> 00:05:52,960 Speaker 12: that its data centers confirmed yesterday's seventy five percent interest 130 00:05:53,320 --> 00:05:55,920 Speaker 12: in its data centers has been sold to Pe firm 131 00:05:55,960 --> 00:06:00,080 Speaker 12: Pacific Equity Partners that values the data center business to 132 00:06:00,120 --> 00:06:03,240 Speaker 12: over seven hundred million Mike. It was a good attractive price. 133 00:06:03,600 --> 00:06:06,080 Speaker 12: It de risks that business because Spark would have had 134 00:06:06,160 --> 00:06:10,400 Speaker 12: future capex commitments there. Positive for the balance sheet helps 135 00:06:10,520 --> 00:06:14,320 Speaker 12: Spark maintain that attractive dividend, which has been important for investors. 136 00:06:14,320 --> 00:06:16,800 Speaker 12: We'll get a bit more commentary on the twentieth of 137 00:06:16,800 --> 00:06:19,960 Speaker 12: August their adding results, share share price. Yes, they gave 138 00:06:19,960 --> 00:06:21,720 Speaker 12: back some of the recent gains, but yeah, I'd say 139 00:06:21,720 --> 00:06:25,039 Speaker 12: good okay. Alliance Yeah, been on a journey. There's to 140 00:06:25,080 --> 00:06:27,080 Speaker 12: reset their balance sheet. They've had a few troubles, so 141 00:06:27,120 --> 00:06:30,400 Speaker 12: they've had a recapitalization plan in place. Another deal that 142 00:06:30,480 --> 00:06:32,920 Speaker 12: had been rumored confirmed. Yes, they quite a big deal. 143 00:06:32,960 --> 00:06:35,840 Speaker 12: They've sold sixty five percent of that business to an 144 00:06:35,920 --> 00:06:38,120 Speaker 12: Irish company. I'm not sure how the farmers are going 145 00:06:38,160 --> 00:06:40,320 Speaker 12: to feel about that. So it won't be fully in 146 00:06:40,320 --> 00:06:42,640 Speaker 12: New Zealand owned anymore. It's called Dawn meets two hundred 147 00:06:42,640 --> 00:06:44,960 Speaker 12: and fifty million dollar deal. So Alliance is a co op. 148 00:06:45,000 --> 00:06:48,280 Speaker 12: It needs shareholder approval. Values Alliance at five hundred and 149 00:06:48,279 --> 00:06:50,200 Speaker 12: two million. You know, they have been under pressure from 150 00:06:50,240 --> 00:06:52,760 Speaker 12: their bankers so it's good that they've got an exit 151 00:06:52,920 --> 00:06:56,360 Speaker 12: or they've got a solution there. And what about Vulcan, Yeah, 152 00:06:56,440 --> 00:07:00,440 Speaker 12: Vulcan steal listened on insidex preliminary update for their full years. Else, yes, 153 00:07:00,480 --> 00:07:03,440 Speaker 12: they point of interest here might because it reflects us, guess, 154 00:07:03,440 --> 00:07:05,960 Speaker 12: the state of construction industry and demand for steel. The 155 00:07:06,000 --> 00:07:08,000 Speaker 12: result was expected to be weak, and I guess in 156 00:07:08,000 --> 00:07:11,480 Speaker 12: that regard it didn't disappoint. Net profit after tax fourteen 157 00:07:11,520 --> 00:07:14,040 Speaker 12: to sixteen million. Somebody sent me, you know, at the 158 00:07:14,080 --> 00:07:17,040 Speaker 12: height of the at the height of the construction boom, 159 00:07:17,120 --> 00:07:19,320 Speaker 12: that net profit after tax was over one hundred million, 160 00:07:19,600 --> 00:07:21,920 Speaker 12: I think forty last year, eighty seven point nine the 161 00:07:21,960 --> 00:07:24,920 Speaker 12: year before. So you know, it's obviously it speaks to us, 162 00:07:24,960 --> 00:07:28,400 Speaker 12: I guess. They said, persistent economic challenges in both New 163 00:07:28,480 --> 00:07:31,960 Speaker 12: Zealand and Australia. They are facing a demanding trading environment 164 00:07:32,000 --> 00:07:35,520 Speaker 12: with aggressive and in their view, unsustainable pricing by some 165 00:07:35,640 --> 00:07:38,640 Speaker 12: market participants. Look, the share price lifted a little bit yesterday, 166 00:07:38,640 --> 00:07:40,720 Speaker 12: but it's quite a lot down from where it was 167 00:07:40,760 --> 00:07:42,960 Speaker 12: safe from looking back at much. However, they did say 168 00:07:43,040 --> 00:07:46,840 Speaker 12: encouraging signs that the downtrend is beginning to level out. 169 00:07:46,960 --> 00:07:49,360 Speaker 2: Hope, so Michelle came to the party. What I found 170 00:07:49,400 --> 00:07:52,160 Speaker 2: interesting is if you look at her forecast, she's not bullish, 171 00:07:52,240 --> 00:07:54,880 Speaker 2: is she? I mean that economy is not going gangbusters? 172 00:07:55,280 --> 00:07:57,960 Speaker 2: Not really, No, it's some interesting notes. You know, we 173 00:07:58,200 --> 00:07:58,920 Speaker 2: fairly short of time. 174 00:07:58,960 --> 00:08:00,840 Speaker 12: Look, where as expected, they ropped the cash rup by 175 00:08:00,920 --> 00:08:03,920 Speaker 12: twenty five basis points. They noted underlying inflation continue to 176 00:08:03,960 --> 00:08:06,800 Speaker 12: decline towards the mid point two to three percent range, 177 00:08:06,880 --> 00:08:11,000 Speaker 12: Labor market conditions easy as expected, unanimous decision, and there 178 00:08:11,080 --> 00:08:13,760 Speaker 12: is the possibility of further cast. One point I really 179 00:08:13,840 --> 00:08:15,680 Speaker 12: want to highlight on I thought was really interesting and 180 00:08:15,720 --> 00:08:18,240 Speaker 12: it got picked up at the press conference. They've made 181 00:08:18,280 --> 00:08:21,880 Speaker 12: some change to their forecast, but in particular productivity. Now 182 00:08:21,920 --> 00:08:24,040 Speaker 12: we know that this should be a conversation New Zealand 183 00:08:24,040 --> 00:08:26,600 Speaker 12: because our product deby recognn't that good. It's not looking 184 00:08:26,600 --> 00:08:29,680 Speaker 12: that good across the Tasman either, mic they've downgraded their 185 00:08:29,680 --> 00:08:33,199 Speaker 12: outlook for productivity growth is zero point seven percent per year. 186 00:08:33,600 --> 00:08:36,960 Speaker 12: Their forecast was at one percent. This means that the 187 00:08:37,040 --> 00:08:41,240 Speaker 12: economy will be smaller and poorer than if the productivity 188 00:08:41,280 --> 00:08:44,719 Speaker 12: had remained at one percent. Importantly, this is also an 189 00:08:44,720 --> 00:08:47,520 Speaker 12: issue here for New Zealand. It means their economy can 190 00:08:47,559 --> 00:08:50,920 Speaker 12: now only grow at about two percent before it starts 191 00:08:50,960 --> 00:08:54,719 Speaker 12: hitting supply constraints and fueling inflation. Look, this sounds very 192 00:08:54,720 --> 00:08:56,840 Speaker 12: familiar to the issue we've got here in New Zealand. 193 00:08:56,960 --> 00:09:00,719 Speaker 12: So all is not better across the ditch, and it's 194 00:09:00,760 --> 00:09:03,640 Speaker 12: an Australasian problem. This is one that both economies have 195 00:09:03,720 --> 00:09:04,640 Speaker 12: got to get a grip on. 196 00:09:04,880 --> 00:09:07,400 Speaker 2: Right, So correct me if I'm wrong. CPI was good. 197 00:09:07,480 --> 00:09:10,319 Speaker 2: This is the state. CPI was good. That means Pal's 198 00:09:10,360 --> 00:09:13,160 Speaker 2: going to cart and that means the market's gone ooh 199 00:09:13,160 --> 00:09:16,200 Speaker 2: pretty much. Yeah, that's the playbook at the moment. So yeah. 200 00:09:16,240 --> 00:09:19,160 Speaker 12: On expectations for US CPI of night at the headline, 201 00:09:19,400 --> 00:09:22,680 Speaker 12: sort of a little bit mixed because there was a 202 00:09:22,720 --> 00:09:25,240 Speaker 12: couple of points in there work quite so good, but 203 00:09:25,360 --> 00:09:27,920 Speaker 12: not enough to change expectations of cutting the Fed funds 204 00:09:28,000 --> 00:09:30,720 Speaker 12: rate in September, so month on month, zero point two 205 00:09:30,840 --> 00:09:34,079 Speaker 12: on expectations ex food and energy, so what we call 206 00:09:34,200 --> 00:09:36,840 Speaker 12: core a little bit higher zero point three two point 207 00:09:36,880 --> 00:09:39,160 Speaker 12: seven percent year heit That was slightly better than the 208 00:09:39,160 --> 00:09:42,080 Speaker 12: two point eight expected, but ex food and energy year 209 00:09:42,160 --> 00:09:44,920 Speaker 12: on year was up three point one percent, and that 210 00:09:45,040 --> 00:09:46,320 Speaker 12: was expected to come out at three. 211 00:09:46,400 --> 00:09:47,960 Speaker 2: But look, the share markers have taken this. 212 00:09:48,400 --> 00:09:50,000 Speaker 12: They're off to the races. It's a little bit hard 213 00:09:50,040 --> 00:09:51,800 Speaker 12: to stand in front of this US share mark at 214 00:09:51,840 --> 00:09:54,840 Speaker 12: the moment because it just keeps running and keeps heading 215 00:09:55,160 --> 00:09:55,960 Speaker 12: all time high. 216 00:09:56,120 --> 00:09:59,200 Speaker 2: It does numbers please right. Oh, so here we go. 217 00:09:59,280 --> 00:10:00,400 Speaker 2: These are those highs. 218 00:10:00,600 --> 00:10:03,400 Speaker 12: The Dow Jones is up five hundred and eleven points, 219 00:10:04,160 --> 00:10:06,720 Speaker 12: which is pretty good one point one six percent forty 220 00:10:06,760 --> 00:10:09,400 Speaker 12: four thousand, four hundred and ninety. The s and PI 221 00:10:09,960 --> 00:10:13,040 Speaker 12: s n P five hundred also up over one percent 222 00:10:13,600 --> 00:10:15,920 Speaker 12: sixty four to three nine, and the NASDA Cup two 223 00:10:16,000 --> 00:10:18,560 Speaker 12: hundred and seventy nine points. That is a one point 224 00:10:18,600 --> 00:10:21,959 Speaker 12: three percent game. Twenty one thousand, six hundred and sixty 225 00:10:21,960 --> 00:10:25,680 Speaker 12: five overnight. The forty one hundred they gained point two 226 00:10:25,720 --> 00:10:29,760 Speaker 12: percent nine one four seven. The Nick on Fire gained 227 00:10:29,800 --> 00:10:33,200 Speaker 12: eight hundred and ninety seven points last night, up over 228 00:10:33,280 --> 00:10:36,559 Speaker 12: two percent. Forty two thousand, seven hundred and eighteen. Shanghai 229 00:10:36,600 --> 00:10:39,760 Speaker 12: comps at up half percent. The A six two hundred 230 00:10:39,840 --> 00:10:43,080 Speaker 12: gained point four thirty six points eight eight eight. 231 00:10:43,200 --> 00:10:43,320 Speaker 13: Oh. 232 00:10:43,840 --> 00:10:46,720 Speaker 12: Unfortunately, the Insidets fifty did not have a great day, say, 233 00:10:46,760 --> 00:10:48,959 Speaker 12: down one hundred and fifty two points one point one 234 00:10:49,000 --> 00:10:51,800 Speaker 12: eight percent twelve thousand, seven hundred and fifty nine the 235 00:10:51,840 --> 00:10:54,760 Speaker 12: close there key dollar bit stronger point five nine to 236 00:10:54,800 --> 00:10:56,960 Speaker 12: five nine against the US on the wholeshoal markets, point 237 00:10:57,040 --> 00:10:59,280 Speaker 12: nine one p eight against the oussie point five one 238 00:10:59,360 --> 00:11:01,920 Speaker 12: oh two euro zero point four to four oh nine 239 00:11:01,960 --> 00:11:04,319 Speaker 12: against the pound eighty eight point oh one Japanese yet 240 00:11:04,360 --> 00:11:06,600 Speaker 12: gold three thousand, three hundred and forty nine dollars. 241 00:11:06,679 --> 00:11:08,640 Speaker 2: Here we go break cruise down to six. 242 00:11:08,679 --> 00:11:11,319 Speaker 12: Yep, down yep, get down, down down and key we 243 00:11:11,400 --> 00:11:13,559 Speaker 12: dollars up a little bit, which is a good mets 244 00:11:13,600 --> 00:11:15,439 Speaker 12: sixty six dollars and seventeen cents. 245 00:11:15,480 --> 00:11:17,680 Speaker 2: Have a good day, mate. Andrew Kelleher JMO wealth dot 246 00:11:17,720 --> 00:11:22,240 Speaker 2: co dot n zoscogg writes, a nice day. Sharplifted annual 247 00:11:22,280 --> 00:11:25,520 Speaker 2: earnings profit was ten point seven million, up from seven 248 00:11:25,559 --> 00:11:27,840 Speaker 2: point six that's a two hundred and forty eight percent increase. 249 00:11:27,880 --> 00:11:29,520 Speaker 2: Will take that. It's all to do with the farmers. 250 00:11:29,559 --> 00:11:33,920 Speaker 2: Of course, our eggrosectors recovering. That's an understatement. Challenging in 251 00:11:33,960 --> 00:11:36,680 Speaker 2: the old retail space fair enough, but the real estate 252 00:11:36,800 --> 00:11:39,800 Speaker 2: market is responding to improve confidence as well, So all 253 00:11:39,800 --> 00:11:41,360 Speaker 2: on normal think we'll take that six twenty one. 254 00:11:41,480 --> 00:11:46,400 Speaker 1: You're reviews talk z B Good the Mike Hosking Breakfast 255 00:11:46,440 --> 00:11:50,280 Speaker 1: Full Show podcast on iHeartRadio powered by the News talks 256 00:11:50,280 --> 00:11:50,520 Speaker 1: at B. 257 00:11:52,040 --> 00:11:54,240 Speaker 2: Good Insight. Mike, could you please explain to us why 258 00:11:54,280 --> 00:11:56,400 Speaker 2: we can't buy gas from Australia. Well, we can't obviously, 259 00:11:56,400 --> 00:11:58,520 Speaker 2: but it's all about cost. The idea of producing energy 260 00:11:58,520 --> 00:11:59,960 Speaker 2: as you produce it at a cost you can have 261 00:12:00,080 --> 00:12:02,760 Speaker 2: foruden importing, it's always more expensive. There's nothing stopping us 262 00:12:02,760 --> 00:12:04,920 Speaker 2: and doing a whole bunch of stuff. It's just about cost. Mike. 263 00:12:05,280 --> 00:12:07,880 Speaker 2: I'm a grower who's trying to get off gas. There's 264 00:12:07,880 --> 00:12:09,920 Speaker 2: truth and the need to focus on options and stop 265 00:12:09,960 --> 00:12:12,360 Speaker 2: complaining on the cost of gas. The compliance and council 266 00:12:12,400 --> 00:12:15,360 Speaker 2: costs are horrendous and the hurdles to cross are unnecessary. 267 00:12:15,400 --> 00:12:17,920 Speaker 2: The government could put some time, resources and effort into 268 00:12:17,920 --> 00:12:21,040 Speaker 2: supporting businesses with moving through the red tape and compliance costs. 269 00:12:21,320 --> 00:12:23,840 Speaker 2: Just had to spend thirty grand had to park a 270 00:12:23,880 --> 00:12:25,760 Speaker 2: new fuel source for at least twelve months to look 271 00:12:25,760 --> 00:12:27,920 Speaker 2: at what the impacts are going to be. I now 272 00:12:28,000 --> 00:12:31,360 Speaker 2: need to do depression modeling and overall environmental impacts to 273 00:12:31,360 --> 00:12:33,160 Speaker 2: be able to tell the Council. We are doing the 274 00:12:33,240 --> 00:12:35,680 Speaker 2: right thing. The overall costs of introducing a new heating 275 00:12:35,720 --> 00:12:38,439 Speaker 2: system are extremely high, and with the current market and 276 00:12:38,480 --> 00:12:41,360 Speaker 2: financial sustainability for businesses, it will be a stress for 277 00:12:41,400 --> 00:12:43,600 Speaker 2: a lot of small to medium size operators and growing. 278 00:12:43,840 --> 00:12:46,400 Speaker 2: You make a most excellent point, and the next time 279 00:12:46,400 --> 00:12:49,679 Speaker 2: I get somebody on who's remotely connected to gas resources 280 00:12:49,720 --> 00:12:52,040 Speaker 2: and generally from the government, I shall ask about that 281 00:12:52,200 --> 00:12:54,000 Speaker 2: very point. Well done. Six to twenty five. 282 00:12:54,280 --> 00:12:58,960 Speaker 1: Trending now with Chemist Wells keeping Kiwi's healthy all year 283 00:12:59,040 --> 00:12:59,560 Speaker 1: rount right. 284 00:12:59,520 --> 00:13:02,199 Speaker 2: John Fans and who wasn't one? We got an update 285 00:13:02,240 --> 00:13:04,600 Speaker 2: on the Docker so as daughter Lawrence produced a tribute 286 00:13:04,600 --> 00:13:06,560 Speaker 2: to her dad's forty years in the business. It is 287 00:13:06,640 --> 00:13:09,120 Speaker 2: called but also John Clark. 288 00:13:09,200 --> 00:13:10,000 Speaker 14: My whole life. 289 00:13:10,160 --> 00:13:12,600 Speaker 15: People ask me what it was like to have John 290 00:13:12,679 --> 00:13:15,480 Speaker 15: Clark as a dad, udo las father. 291 00:13:15,960 --> 00:13:17,720 Speaker 12: Here's a daughter's a bit down. 292 00:13:18,280 --> 00:13:20,319 Speaker 4: It is a lessus fathered smart ass. 293 00:13:20,679 --> 00:13:22,320 Speaker 2: He was utterly unique. 294 00:13:22,440 --> 00:13:25,240 Speaker 8: They could riot, he could perform nothing he couldn't do. 295 00:13:25,679 --> 00:13:28,200 Speaker 16: If we're starting the story of you and how you 296 00:13:28,520 --> 00:13:30,760 Speaker 16: came to you, where do we start. 297 00:13:30,840 --> 00:13:32,120 Speaker 2: The actual key to him? 298 00:13:32,240 --> 00:13:36,400 Speaker 4: This is absolute visceral loathing of authority. 299 00:13:36,720 --> 00:13:38,760 Speaker 17: I mind the head MAT's saying to we are going 300 00:13:38,800 --> 00:13:39,880 Speaker 17: to break your spirit. 301 00:13:41,000 --> 00:13:41,720 Speaker 18: Bring an answer. 302 00:13:43,360 --> 00:13:45,840 Speaker 5: He said, look, we can actually have fun with who 303 00:13:45,840 --> 00:13:46,160 Speaker 5: we are. 304 00:13:46,480 --> 00:13:48,199 Speaker 14: Kind of like a kick in the head with a 305 00:13:48,240 --> 00:13:49,800 Speaker 14: gumboot that we always kind of needed. 306 00:13:49,840 --> 00:13:50,880 Speaker 3: We don't know how. 307 00:13:50,880 --> 00:13:51,920 Speaker 18: Lucky we are. 308 00:13:53,640 --> 00:13:55,880 Speaker 2: Never had a bad chat with John Clark. A couple 309 00:13:55,880 --> 00:13:59,560 Speaker 2: of things comes out in Australia on Friday, but it 310 00:13:59,559 --> 00:14:02,120 Speaker 2: comes out New Zealand according to flicks dot co dot 311 00:14:02,200 --> 00:14:07,760 Speaker 2: Nz the sixteenth of December. So that's helpful, isn't it. 312 00:14:07,800 --> 00:14:10,400 Speaker 2: How is that even possible in a world where everything's 313 00:14:10,440 --> 00:14:13,319 Speaker 2: available instantly all the time. How's it even possible? It's 314 00:14:13,320 --> 00:14:16,160 Speaker 2: in cinema's here. They're going to change the title for 315 00:14:16,200 --> 00:14:18,480 Speaker 2: New Zealand too. Here it's going to be called not 316 00:14:18,679 --> 00:14:22,760 Speaker 2: only fred Dagg but also John Clark. So that was 317 00:14:22,760 --> 00:14:25,760 Speaker 2: the original title, but it got shortened in Australia because 318 00:14:25,800 --> 00:14:30,280 Speaker 2: long titles don't advertise well apparently we insisted it stayed 319 00:14:30,320 --> 00:14:33,120 Speaker 2: long to showcase his connection to the fred Dag charrier. 320 00:14:34,360 --> 00:14:37,400 Speaker 2: Is that a meeting? Can you just imagine that the 321 00:14:37,440 --> 00:14:40,280 Speaker 2: creatives in a room with a white board and then 322 00:14:40,320 --> 00:14:42,680 Speaker 2: somebody said, we'll tell you what unless you do it 323 00:14:42,720 --> 00:14:44,200 Speaker 2: our way. It's going to be in cinemas on the 324 00:14:44,240 --> 00:14:46,080 Speaker 2: sixteenth of December and we're going to release it on 325 00:14:46,120 --> 00:14:48,680 Speaker 2: Friday here in Australia. Explain any of that to me. 326 00:14:49,520 --> 00:14:52,560 Speaker 2: Houses got some details on that new data this morning, 327 00:14:53,120 --> 00:14:56,480 Speaker 2: profitability or otherwise for businesses, got some new data on 328 00:14:56,520 --> 00:14:58,320 Speaker 2: that for you this morning. Got a lot of ankst 329 00:14:58,360 --> 00:15:00,880 Speaker 2: around Palestine, so David seen or on that, and some 330 00:15:01,000 --> 00:15:03,840 Speaker 2: new rules around the America's Cup. Grunt Dalton to join 331 00:15:03,880 --> 00:15:05,880 Speaker 2: the program as well. After the News, which is. 332 00:15:05,880 --> 00:15:11,359 Speaker 1: Next the News and the newsmakers, the Mic Hosking Breakfast 333 00:15:11,560 --> 00:15:14,920 Speaker 1: with Rangrover leading by example, News Togs dead be. 334 00:15:15,000 --> 00:15:17,600 Speaker 2: John Clark up dates from somebody who seems to nobody's 335 00:15:17,600 --> 00:15:19,840 Speaker 2: talking about Mike. It's going to be online for downloading 336 00:15:19,960 --> 00:15:22,600 Speaker 2: after three weeks. Three weeks after being released in Australia, 337 00:15:22,640 --> 00:15:25,040 Speaker 2: it's released in Australia's Friday, which is good, so thank 338 00:15:25,080 --> 00:15:27,200 Speaker 2: you for that. Twenty three to seven are Housing update. 339 00:15:27,240 --> 00:15:29,960 Speaker 2: New QB data this morning, average values dipping a half 340 00:15:30,000 --> 00:15:32,840 Speaker 2: percent over the last three months to July Upen down 341 00:15:32,880 --> 00:15:35,880 Speaker 2: one point two, Queenstown though up two point four. Come 342 00:15:35,920 --> 00:15:37,960 Speaker 2: on and End of a Car Girl up one point 343 00:15:37,960 --> 00:15:40,160 Speaker 2: two key here is the average price is down thirteen 344 00:15:40,200 --> 00:15:42,480 Speaker 2: percent on the COVID peak of twenty twenty one. Brad 345 00:15:42,480 --> 00:15:45,240 Speaker 2: Olsoon principal economist, of course, set to inframetrics and as 346 00:15:45,280 --> 00:15:48,720 Speaker 2: with us, Brad morning, good morning, you crunch down through 347 00:15:48,760 --> 00:15:51,120 Speaker 2: the building boom the consents that we had a couple 348 00:15:51,160 --> 00:15:53,240 Speaker 2: of years back in all the houses on the market 349 00:15:53,280 --> 00:15:57,520 Speaker 2: now versus the mood of the nation. Do we know 350 00:15:57,640 --> 00:15:59,880 Speaker 2: what's driving what's going on currently? 351 00:16:01,160 --> 00:16:03,560 Speaker 4: I think there's a few factors coming through, Mike. I mean, 352 00:16:03,600 --> 00:16:05,960 Speaker 4: obviously there's a lot of people that have still got 353 00:16:06,000 --> 00:16:09,040 Speaker 4: their houses on the market that haven't yet sold. Is 354 00:16:09,040 --> 00:16:11,560 Speaker 4: about half a year's worth of sales sort of currently 355 00:16:11,600 --> 00:16:14,400 Speaker 4: sitting out there, So a lot of supply. You know, 356 00:16:14,480 --> 00:16:16,880 Speaker 4: some people are obviously not keen or not able to 357 00:16:16,880 --> 00:16:19,720 Speaker 4: pay the mortgage quite as much, or moving around for 358 00:16:19,760 --> 00:16:22,640 Speaker 4: a variety of other factors. The real challenge at the 359 00:16:22,640 --> 00:16:25,480 Speaker 4: moment is that there just aren't as many buyers out there. 360 00:16:25,760 --> 00:16:29,440 Speaker 4: People got hit earlier this year when their deposits, you 361 00:16:29,480 --> 00:16:31,640 Speaker 4: know that were in their KI savers or in their 362 00:16:31,680 --> 00:16:35,000 Speaker 4: Charsa's account and similar to a dip from the market 363 00:16:35,000 --> 00:16:38,080 Speaker 4: disruptions at the same time, of course, everyone's worried about 364 00:16:38,080 --> 00:16:40,840 Speaker 4: their job and employment, so people not going out and 365 00:16:40,880 --> 00:16:43,680 Speaker 4: buying at quite the same level as before. That means 366 00:16:43,720 --> 00:16:46,440 Speaker 4: that with a lot more supply not quite as much demand, 367 00:16:46,520 --> 00:16:48,720 Speaker 4: those prices continue to come under pressure. 368 00:16:48,960 --> 00:16:51,920 Speaker 2: Do you believe the interest rate argument? As they come down? 369 00:16:52,080 --> 00:16:54,640 Speaker 2: Continue to come down. A and Z moved yesterday. I'm 370 00:16:54,680 --> 00:16:57,920 Speaker 2: assuming the others will move shortly. B moves next week. 371 00:16:58,160 --> 00:16:59,720 Speaker 2: This is the fizz we need? 372 00:17:00,880 --> 00:17:03,040 Speaker 4: Well, I think you'll see movement to a degree. I'm 373 00:17:03,080 --> 00:17:06,680 Speaker 4: not convinced it's necessarily the fizz we need. From two 374 00:17:06,720 --> 00:17:09,959 Speaker 4: points of view, One, i'd be worried if New Zealand's 375 00:17:10,000 --> 00:17:12,640 Speaker 4: economy really was it was the only thing that could 376 00:17:12,680 --> 00:17:15,560 Speaker 4: move us was getting the housing market cranking again and 377 00:17:15,600 --> 00:17:18,480 Speaker 4: locking people out of houses in the future. But two, 378 00:17:18,680 --> 00:17:21,320 Speaker 4: and probably more importantly, how much of an interest rate 379 00:17:21,440 --> 00:17:24,439 Speaker 4: decrease you have you already seen in the economy and 380 00:17:24,480 --> 00:17:28,200 Speaker 4: there hasn't really been any response. So yes, lower interest rates, 381 00:17:28,200 --> 00:17:30,800 Speaker 4: I think will support a few more people, will support 382 00:17:30,800 --> 00:17:32,960 Speaker 4: a bit more lending. But I really don't see the 383 00:17:32,960 --> 00:17:36,520 Speaker 4: conditions for house prices to just zoom away going forward. 384 00:17:36,600 --> 00:17:39,199 Speaker 4: And I actually think that's probably a good painful but 385 00:17:39,359 --> 00:17:41,119 Speaker 4: good lesson for the New Zealand economy. 386 00:17:41,240 --> 00:17:43,399 Speaker 2: I assume you read Kelly a colds piece yesterday as 387 00:17:43,440 --> 00:17:45,720 Speaker 2: I did. He's bullish on housing next year. What's he 388 00:17:45,880 --> 00:17:47,440 Speaker 2: see what's happening there? 389 00:17:47,520 --> 00:17:51,120 Speaker 4: Well, I mean that's probably where Kelly and I diverge 390 00:17:51,160 --> 00:17:53,200 Speaker 4: a little bit, because I see the likes of that 391 00:17:53,359 --> 00:17:55,840 Speaker 4: highest supply that you've already got of existing homes on 392 00:17:55,880 --> 00:17:58,160 Speaker 4: the market, the fact that you've also got a whole 393 00:17:58,160 --> 00:17:59,920 Speaker 4: lot of those new builds from the last couple of 394 00:18:00,160 --> 00:18:02,560 Speaker 4: years they are only at the moment hitting the market. 395 00:18:02,720 --> 00:18:05,480 Speaker 4: But probably most importantly, the big sort of question, and 396 00:18:05,800 --> 00:18:07,480 Speaker 4: this is where, again you know that there's a lot 397 00:18:07,480 --> 00:18:10,560 Speaker 4: of economist views out there is migration. How many people 398 00:18:10,640 --> 00:18:12,680 Speaker 4: are we going to be having coming into the country. 399 00:18:12,840 --> 00:18:16,320 Speaker 4: What sort of population growth have we got? Because if 400 00:18:16,359 --> 00:18:19,040 Speaker 4: that population growth does pack up, then yes, there's probably 401 00:18:19,040 --> 00:18:21,920 Speaker 4: a bit more housing activity and higher house prices. If 402 00:18:21,960 --> 00:18:24,600 Speaker 4: it doesn't, you don't have that high level of demand. 403 00:18:24,640 --> 00:18:28,160 Speaker 4: You might well have the slowest population growth effectively since 404 00:18:28,280 --> 00:18:31,080 Speaker 4: before since the early sort of twenty tens GFC sort 405 00:18:31,080 --> 00:18:33,400 Speaker 4: of period. If that's the case, I just don't see 406 00:18:33,400 --> 00:18:35,920 Speaker 4: the conditions for housing to g up quite as much. 407 00:18:36,000 --> 00:18:37,320 Speaker 2: You're a good bloke. Always good to have you on 408 00:18:37,320 --> 00:18:40,280 Speaker 2: the program. Brad Holes and the Infometrics principal economist. Let's 409 00:18:40,280 --> 00:18:43,359 Speaker 2: get to Richard Arnold. It's Anchorage and Washington this Morning 410 00:18:43,400 --> 00:18:44,920 Speaker 2: twenty two, the. 411 00:18:45,040 --> 00:18:49,560 Speaker 1: Mic Hosking Breakfast Full Show podcast on iHeartRadio powered by 412 00:18:49,600 --> 00:18:50,400 Speaker 1: News Talks AP. 413 00:18:51,760 --> 00:18:54,080 Speaker 2: Now here's an idea. Thirty dollars for a pack of 414 00:18:54,160 --> 00:18:57,800 Speaker 2: Razor Bloke. It's right crazy nuts. Barbershop Co. They've just 415 00:18:57,840 --> 00:19:00,400 Speaker 2: turned ten, so they're celebrating with something that I makes 416 00:19:00,400 --> 00:19:01,680 Speaker 2: a bit of sense. So right now you can grab 417 00:19:01,760 --> 00:19:05,960 Speaker 2: a free Ernest Empire Premium Raiser handle. Do it online. 418 00:19:06,160 --> 00:19:07,879 Speaker 2: You just pay ten bucks for the shipping. That's it. 419 00:19:08,200 --> 00:19:10,240 Speaker 2: But here's where it gets really good. Once you've got 420 00:19:10,240 --> 00:19:12,920 Speaker 2: the handle, every time you get a haircut at Barbershot Co. 421 00:19:13,880 --> 00:19:16,840 Speaker 2: You get free free Premium raizer blades every single time. 422 00:19:16,960 --> 00:19:20,080 Speaker 2: So we're talking European steel six blade precision with Elavera 423 00:19:20,160 --> 00:19:22,800 Speaker 2: Vitamin E proper quality gear. So you get a decent 424 00:19:22,840 --> 00:19:25,199 Speaker 2: haircut from people who know what they're doing, and you 425 00:19:25,240 --> 00:19:27,359 Speaker 2: walk out with blades that would normally cost you thirty 426 00:19:27,359 --> 00:19:29,600 Speaker 2: bucks at the supermarket. You do it for nothing. It's 427 00:19:29,600 --> 00:19:31,880 Speaker 2: their tenth birthday, so you're getting the present. So that's 428 00:19:31,880 --> 00:19:36,000 Speaker 2: super nice. Barbershop dot co dot in said, Barbershop dot 429 00:19:36,040 --> 00:19:38,680 Speaker 2: co dot inzaid, grab your free handle, then head down 430 00:19:38,680 --> 00:19:43,080 Speaker 2: to your local barbershot co. Never buy raises again. That's 431 00:19:43,119 --> 00:19:47,080 Speaker 2: a birthday deal, isn't it. Barbershop co dot co dot 432 00:19:47,160 --> 00:19:50,480 Speaker 2: nz asking Mike if you read Audrey Young's article of 433 00:19:50,600 --> 00:19:52,959 Speaker 2: Mark Mitchelly's The Bionic Man. Yeah, that was yesterday's well 434 00:19:52,960 --> 00:19:54,720 Speaker 2: worth reading if you missed it. I mean, I know 435 00:19:54,800 --> 00:19:56,440 Speaker 2: him and I knew the story, so it wasn't news 436 00:19:56,480 --> 00:19:59,560 Speaker 2: to me, but nice insight. He's with us after rape 437 00:20:00,040 --> 00:20:01,760 Speaker 2: twenty five basis points. Mike is going to make a 438 00:20:01,840 --> 00:20:04,240 Speaker 2: jot of difference while rates, electricity, insurance, and to a 439 00:20:04,320 --> 00:20:08,280 Speaker 2: lesser extent, food prices keep rising. I can't help but 440 00:20:08,320 --> 00:20:10,719 Speaker 2: agree with you, Mike. Lower interest rate won't fix the economy. 441 00:20:10,760 --> 00:20:13,280 Speaker 2: The economy is severely energy constrained. That's a good way 442 00:20:13,320 --> 00:20:16,640 Speaker 2: of putting it. Actually, energy is the master resource for production. 443 00:20:16,840 --> 00:20:20,760 Speaker 2: Nothing happens without energy, and we unfortunately don't have a lot. 444 00:20:21,440 --> 00:20:23,560 Speaker 2: Can't argue with you. Ida Larry sixteen. 445 00:20:23,200 --> 00:20:27,600 Speaker 19: To two International correspondence with Ends and Eye insurance Peace 446 00:20:27,640 --> 00:20:29,479 Speaker 19: of Mind for New Zealand business logo. 447 00:20:29,520 --> 00:20:32,160 Speaker 2: We found wandering out of the Woods Richard Arland. Welcome back, 448 00:20:33,119 --> 00:20:33,520 Speaker 2: what anyway? 449 00:20:33,560 --> 00:20:35,359 Speaker 14: You're just back from a Hoigh Mountain hiking trip to 450 00:20:35,440 --> 00:20:39,840 Speaker 14: find Could it be a romance rekindled between Donnie and Vlad? 451 00:20:39,840 --> 00:20:42,320 Speaker 14: That seems to be the headline today, doesn't it. There's 452 00:20:42,359 --> 00:20:44,360 Speaker 14: the US President's. 453 00:20:43,920 --> 00:20:44,760 Speaker 20: Going to see Putin. 454 00:20:44,800 --> 00:20:46,040 Speaker 8: I'm going to Russia. 455 00:20:46,240 --> 00:20:49,400 Speaker 14: Oh he's as excited, doesn't he. He's going to see 456 00:20:49,480 --> 00:20:53,840 Speaker 14: Putin in Alaska? Did the White House just sell Alaska 457 00:20:53,880 --> 00:20:55,320 Speaker 14: back to the Russians while I was off? 458 00:20:55,640 --> 00:20:55,800 Speaker 15: You know? 459 00:20:55,800 --> 00:20:58,800 Speaker 14: The Russians sold Alaska to the US in eighteen sixty 460 00:20:58,800 --> 00:21:01,760 Speaker 14: seven for the purchase price seven point two midian US. 461 00:21:01,880 --> 00:21:03,560 Speaker 14: Last I heard, it was still part of the US 462 00:21:03,600 --> 00:21:07,360 Speaker 14: of A. I hope the pilot of air was one 463 00:21:07,720 --> 00:21:09,760 Speaker 14: days where we're taking Trump? Anyway? This will be the 464 00:21:09,760 --> 00:21:13,200 Speaker 14: first trip by Putin landing on American soil in eighteen years, 465 00:21:13,200 --> 00:21:15,640 Speaker 14: except for visits to the UN. The topic will be 466 00:21:15,920 --> 00:21:19,040 Speaker 14: the Russian invasion of Ukraine, although the Ukrainian leader Zelenski 467 00:21:19,160 --> 00:21:21,960 Speaker 14: is not invited, and Trump seems to be reviving the 468 00:21:22,040 --> 00:21:24,919 Speaker 14: idea that Ukraine started this blood bath when it was 469 00:21:24,960 --> 00:21:27,560 Speaker 14: because Putin, who invaded Ukraine, says Trump. 470 00:21:27,600 --> 00:21:30,440 Speaker 20: I get along with Zelenski, but you know, I disagree 471 00:21:30,480 --> 00:21:33,359 Speaker 20: with what he's done, very very severely disagreed. This is 472 00:21:33,359 --> 00:21:34,719 Speaker 20: a war that should have never happened. 473 00:21:34,760 --> 00:21:38,119 Speaker 14: So how can they discuss potential peace in Ukraine without 474 00:21:38,560 --> 00:21:40,560 Speaker 14: the Ukrainians, says Trump, who. 475 00:21:40,480 --> 00:21:41,199 Speaker 18: Wasn't a part of it. 476 00:21:42,320 --> 00:21:44,440 Speaker 20: I would say he could go, but he's gone to 477 00:21:44,480 --> 00:21:45,960 Speaker 20: a lot of meetings. You know, he's been there for 478 00:21:46,000 --> 00:21:46,800 Speaker 20: three and a half years. 479 00:21:46,800 --> 00:21:48,719 Speaker 2: Nothing happened, no lots of meetings. 480 00:21:48,720 --> 00:21:52,640 Speaker 14: The Alaska meeting was set after Trump's special voice, the whitcof, 481 00:21:52,680 --> 00:21:55,480 Speaker 14: a former real estate mogul, met with Putin last week 482 00:21:55,520 --> 00:21:58,160 Speaker 14: in Moscow. Zelenski says Putin is showing no signs of 483 00:21:58,600 --> 00:22:01,280 Speaker 14: accepting any cease fire, have no signs of being ready 484 00:22:01,280 --> 00:22:05,199 Speaker 14: for realistic peace discussions. European leaders are warning today that 485 00:22:05,440 --> 00:22:11,920 Speaker 14: Ukrainian leaders, if there's any thought of borders being redrawn, 486 00:22:11,960 --> 00:22:14,640 Speaker 14: are being skirted by all of this discussion. While Trump 487 00:22:14,720 --> 00:22:16,399 Speaker 14: says of that prospect is. 488 00:22:16,480 --> 00:22:19,280 Speaker 20: Very complex because you have lines that are very uneven, 489 00:22:19,880 --> 00:22:24,639 Speaker 20: and there'll be some swapping, there'll be some changes in land. 490 00:22:25,640 --> 00:22:27,640 Speaker 14: Since the Trump blow up with Zelenski in the Oval 491 00:22:27,640 --> 00:22:31,200 Speaker 14: Office six months ago. The American president has shown frustration 492 00:22:31,280 --> 00:22:33,600 Speaker 14: with Putin as well. Now it seems the Russian leader 493 00:22:33,640 --> 00:22:37,120 Speaker 14: is hoping to reignite that old black magic right Washington. 494 00:22:37,200 --> 00:22:39,919 Speaker 14: The Feds there, yep, oh yeah, they're just moving in 495 00:22:39,960 --> 00:22:42,280 Speaker 14: as we speak. Life March is on this time in 496 00:22:42,320 --> 00:22:45,440 Speaker 14: the shape of the National Guard who are deploying in Washington, DC, 497 00:22:45,680 --> 00:22:48,359 Speaker 14: the US Capitol. President Trump says, this center of the 498 00:22:48,359 --> 00:22:52,080 Speaker 14: political universe has been gripped by a crime emergency. 499 00:22:52,200 --> 00:22:55,240 Speaker 20: Our capital city has been overtaken by violent gangs and 500 00:22:55,280 --> 00:22:59,840 Speaker 20: bloodthirsty criminals, roving mobs of wild youth, drugged out, many 501 00:23:00,359 --> 00:23:01,199 Speaker 20: homeless people. 502 00:23:01,400 --> 00:23:04,520 Speaker 14: Wow, he should be doing the tourist. Should the blood thirsty, 503 00:23:04,920 --> 00:23:08,240 Speaker 14: violent gang's roving mobs come see Washington and really lovely 504 00:23:08,280 --> 00:23:10,879 Speaker 14: this time of the year, eight hundred National Guards troops 505 00:23:10,880 --> 00:23:14,720 Speaker 14: have been activated. Their assignment is to aid local law enforcement. Now, 506 00:23:14,920 --> 00:23:17,159 Speaker 14: this follows the National Guard deployments that we had in 507 00:23:17,200 --> 00:23:19,960 Speaker 14: Los Angeles a while back to deal with anti Trump protest. 508 00:23:20,040 --> 00:23:22,520 Speaker 14: At the time, many of those troops found that they 509 00:23:22,560 --> 00:23:24,840 Speaker 14: were basically sitting on their hands for weeks and weeks. 510 00:23:24,880 --> 00:23:27,280 Speaker 14: So is this a Trump move to bring sanity back 511 00:23:27,320 --> 00:23:31,840 Speaker 14: to always democratic cities or is it the ongoing onset 512 00:23:31,880 --> 00:23:34,560 Speaker 14: of the police state. The White House just said this 513 00:23:34,600 --> 00:23:37,400 Speaker 14: troop deployment will be re evaluated in thirty days, while 514 00:23:37,400 --> 00:23:41,800 Speaker 14: Defense Secretary and Group phone chatguru Pete Hegseth was asked 515 00:23:41,840 --> 00:23:43,560 Speaker 14: how long they will be there. 516 00:23:43,680 --> 00:23:45,840 Speaker 8: I don't know, weeks, months, what will it take. That's 517 00:23:45,840 --> 00:23:46,760 Speaker 8: the President's call. 518 00:23:47,320 --> 00:23:49,720 Speaker 14: As to the need for any of this. The mayor 519 00:23:49,800 --> 00:23:52,399 Speaker 14: of DC, Muriel Bowser, is saying that the latest numbers 520 00:23:52,400 --> 00:23:55,040 Speaker 14: show that Washington right now has a thirty year violent 521 00:23:55,080 --> 00:23:56,200 Speaker 14: crime rate low. 522 00:23:57,000 --> 00:23:59,720 Speaker 16: She says, I'm going to work every day to make 523 00:23:59,760 --> 00:24:01,480 Speaker 16: sure it's not a complete disaster. 524 00:24:02,119 --> 00:24:06,159 Speaker 14: Well, it's another diversion around the Epstein pedophile cover ups. 525 00:24:06,200 --> 00:24:07,840 Speaker 14: As Congressman Jamie Raskin. 526 00:24:07,720 --> 00:24:11,280 Speaker 8: This looks to me like an emergency which is manufactured 527 00:24:11,480 --> 00:24:14,840 Speaker 8: because of a public relations crisis relating to the Epstein. 528 00:24:15,280 --> 00:24:17,879 Speaker 14: But the White House says they might consider more armed 529 00:24:17,960 --> 00:24:20,840 Speaker 14: troops in the streets of other cities like Chicago or 530 00:24:20,960 --> 00:24:24,119 Speaker 14: San Francisco, all in blue states, of course, the cities 531 00:24:24,160 --> 00:24:26,920 Speaker 14: that are run by Democrats. However, the latest outs show 532 00:24:26,960 --> 00:24:29,200 Speaker 14: that some of the most violent places in this land 533 00:24:29,240 --> 00:24:31,639 Speaker 14: are in gun toting red state cities like Memphis and 534 00:24:31,680 --> 00:24:34,159 Speaker 14: Little Rock and Kansas City and New Orleans. But the 535 00:24:34,200 --> 00:24:38,280 Speaker 14: Trump team makes no mention of any verse lovely tourist destinations. 536 00:24:38,280 --> 00:24:40,480 Speaker 2: See your frind of mate, Richard Arnold state side. A 537 00:24:40,480 --> 00:24:43,120 Speaker 2: couple of things out of America. AOL America on the line. 538 00:24:43,119 --> 00:24:45,920 Speaker 2: They're going to wind up this service after thirty years. 539 00:24:47,359 --> 00:24:49,119 Speaker 2: You know the little chirpy sound you used to get this. 540 00:24:49,160 --> 00:24:51,320 Speaker 2: Fewer than three hundred thousand people left in America now 541 00:24:51,480 --> 00:24:55,320 Speaker 2: with dial up, compare with three hundred million with broadband. 542 00:24:55,600 --> 00:24:58,159 Speaker 2: Thanks for the memories. Rip. That was the AOL co 543 00:24:58,280 --> 00:25:02,080 Speaker 2: founder Steve case yesterday. So as of the thirtieth of September, 544 00:25:02,119 --> 00:25:04,480 Speaker 2: that's over. And I tell you what else is almost over. Kodak. 545 00:25:05,400 --> 00:25:09,520 Speaker 2: There's a name, Eastman Kodak. They had an earnings report yesterday. 546 00:25:09,720 --> 00:25:14,800 Speaker 2: They don't have committed financing or available liquidity to pay 547 00:25:14,840 --> 00:25:18,560 Speaker 2: the half a billion dollar debt that's upcoming. So the 548 00:25:18,640 --> 00:25:22,399 Speaker 2: substantial quote unquote substantial doubt about the company's ability to 549 00:25:22,440 --> 00:25:25,240 Speaker 2: continue as a going concern. They're thinking they can conjure 550 00:25:25,280 --> 00:25:27,040 Speaker 2: up a bit of cash by as ceasing payments to 551 00:25:27,080 --> 00:25:31,280 Speaker 2: the Retirement pension plan incorporated in eighteen ninety two. The 552 00:25:31,359 --> 00:25:33,520 Speaker 2: routes actually go back to eighteen seventy nine when George 553 00:25:33,520 --> 00:25:35,760 Speaker 2: has An Eastman first took out a paytent for a 554 00:25:35,800 --> 00:25:38,480 Speaker 2: plate coating machine, and then in eighteen eighty eight he 555 00:25:38,560 --> 00:25:40,560 Speaker 2: sold the first Kodak camera for twenty five dollars. If 556 00:25:40,560 --> 00:25:42,399 Speaker 2: you ever want to see someone who didn't sort of 557 00:25:42,400 --> 00:25:45,280 Speaker 2: be evolved with the times, that would be them. And 558 00:25:45,480 --> 00:25:47,520 Speaker 2: it looks like it's probably coming to an end. 559 00:25:47,760 --> 00:25:51,880 Speaker 1: Ten to seven, it's on Make Cosking Breakfast with Bailey's 560 00:25:51,880 --> 00:25:53,119 Speaker 1: Real Estate news Dogs. 561 00:25:53,320 --> 00:25:56,200 Speaker 2: Ben I forgot to mention Antoni, EJ and Tony. He's 562 00:25:56,359 --> 00:25:58,960 Speaker 2: going to be the Bureau of Labor Statistics bloke, replacing 563 00:25:58,960 --> 00:26:01,320 Speaker 2: the woman he sacked the other day. He's from the 564 00:26:01,400 --> 00:26:05,119 Speaker 2: Heritage Foundation, which is conservative. He's also he was nominated, 565 00:26:05,119 --> 00:26:08,439 Speaker 2: among others, by Steve Bannon. He's a contributor to Project 566 00:26:08,480 --> 00:26:11,040 Speaker 2: twenty five. There is some talk that the monthly job 567 00:26:11,119 --> 00:26:13,080 Speaker 2: numbers in America will disappear. They don't need to have 568 00:26:13,119 --> 00:26:16,359 Speaker 2: the monthly especially when they're bad. Surely, Mike, people are 569 00:26:16,400 --> 00:26:18,480 Speaker 2: selling their houses this wit equal most of them becoming 570 00:26:18,520 --> 00:26:21,240 Speaker 2: buyers in the market. No Kim, you be surprised. We 571 00:26:21,320 --> 00:26:23,560 Speaker 2: put a offer in the house the other day and 572 00:26:23,600 --> 00:26:25,560 Speaker 2: we've had some experience in the last couple of months. 573 00:26:25,600 --> 00:26:28,240 Speaker 2: The number of people are so depressing. The number of 574 00:26:28,280 --> 00:26:32,119 Speaker 2: people leaving the country is just unreal. And so no, 575 00:26:32,280 --> 00:26:34,439 Speaker 2: they don't. It's not a person buying to sell, it's 576 00:26:34,480 --> 00:26:39,200 Speaker 2: a person buying to leave. Sorry to have to tell 577 00:26:39,200 --> 00:26:42,119 Speaker 2: you that. By the way, Sugio Perez is they claim 578 00:26:42,200 --> 00:26:44,679 Speaker 2: this morning been signed by Cadillac, this new F one 579 00:26:44,680 --> 00:26:47,080 Speaker 2: team that starts twenty twenty six. I don't know how 580 00:26:47,119 --> 00:26:49,440 Speaker 2: competitive they're going to be, how competitively. I mean, they've 581 00:26:49,440 --> 00:26:52,239 Speaker 2: got a huge backing obviously being Cadillac, but whether you're 582 00:26:52,240 --> 00:26:54,240 Speaker 2: competitive on day one or whether it's just desperate for 583 00:26:54,240 --> 00:26:55,680 Speaker 2: a job or wants to get back in, I don't 584 00:26:55,720 --> 00:26:57,560 Speaker 2: know what the entry point for him is. But nevertheless, 585 00:26:57,560 --> 00:27:00,600 Speaker 2: he's been signed. It will be revealed officially at the 586 00:27:00,640 --> 00:27:04,200 Speaker 2: Italian Grand Prix, which is the seventh of September, comes 587 00:27:04,240 --> 00:27:06,360 Speaker 2: after week after the Dutch Grand Prix, which is coming 588 00:27:06,400 --> 00:27:08,720 Speaker 2: up the first of September, so they're on the summer 589 00:27:08,760 --> 00:27:09,320 Speaker 2: break at the moment. 590 00:27:09,320 --> 00:27:09,439 Speaker 13: Now. 591 00:27:09,440 --> 00:27:11,960 Speaker 2: The problem with that is that Veltrii Botas, who was 592 00:27:12,000 --> 00:27:14,680 Speaker 2: the hot ticket for Cadillac may not be the hot 593 00:27:14,680 --> 00:27:17,040 Speaker 2: ticket anymore because the idea or the thinking behind it 594 00:27:17,160 --> 00:27:20,080 Speaker 2: was that you get somebody experienced. So if it's Perez, 595 00:27:20,080 --> 00:27:22,879 Speaker 2: it's not Botas, and therefore you get a young rookie. 596 00:27:22,920 --> 00:27:24,880 Speaker 2: So they're looking at people like Drugovich and a guy 597 00:27:24,920 --> 00:27:30,080 Speaker 2: called Jack Crawford and Colton Herter, and they maybe Botas 598 00:27:30,160 --> 00:27:32,240 Speaker 2: ends up at LP because Elpin are looking at Colopento 599 00:27:32,440 --> 00:27:34,880 Speaker 2: keeps driving his car into the wall. So it's all 600 00:27:34,880 --> 00:27:37,840 Speaker 2: to playful. So Sergey Perez looks like he's coming back 601 00:27:37,840 --> 00:27:39,760 Speaker 2: to F one and that looks like it will be 602 00:27:39,840 --> 00:27:41,879 Speaker 2: revealed in a couple of weeks time five to seven. 603 00:27:43,400 --> 00:27:46,680 Speaker 1: All the ins and the outs, it's the fizz with 604 00:27:46,960 --> 00:27:50,359 Speaker 1: business tiber take your business productivity to the next level. 605 00:27:50,359 --> 00:27:51,920 Speaker 2: Well t issue at the start of the show. Job 606 00:27:52,000 --> 00:27:55,520 Speaker 2: reports out of the UK it's actually not bad. Overall 607 00:27:55,600 --> 00:27:58,720 Speaker 2: vacancies are down, number of people on the payroll down, 608 00:27:58,800 --> 00:28:01,359 Speaker 2: so headline, you think that's not good. Job opening twelve 609 00:28:01,400 --> 00:28:03,760 Speaker 2: five point eight percent. There's seven hundred and eighteen thousand 610 00:28:03,840 --> 00:28:06,639 Speaker 2: jobs currently available to you in Britain. So this for 611 00:28:06,720 --> 00:28:09,800 Speaker 2: three months made to July, all industries have been affected 612 00:28:09,800 --> 00:28:11,879 Speaker 2: by the so called downturn. Now there is an upside. 613 00:28:11,880 --> 00:28:13,560 Speaker 2: The upside is it's not as bad as they thought 614 00:28:13,560 --> 00:28:15,040 Speaker 2: it would be. They thought it would be worse. All 615 00:28:15,080 --> 00:28:17,760 Speaker 2: the so called experts were predicting way worse didn't happen. 616 00:28:17,840 --> 00:28:20,200 Speaker 2: Average wage growth, now listen to this, This is the key. 617 00:28:20,359 --> 00:28:26,000 Speaker 2: Average wage growth remained at five percent, so that's well 618 00:28:26,000 --> 00:28:30,399 Speaker 2: above inflation. And I'm assuming the heavy unionization of the 619 00:28:30,400 --> 00:28:34,440 Speaker 2: British economy. But you can't have fewer jobs and more 620 00:28:34,480 --> 00:28:36,600 Speaker 2: pay because the people getting to pay a going fantastic, 621 00:28:36,600 --> 00:28:38,040 Speaker 2: but the people who can't get the job on gating 622 00:28:38,400 --> 00:28:40,760 Speaker 2: more jobs because you're not creating jobs when you're paying 623 00:28:40,800 --> 00:28:43,440 Speaker 2: people so much. Anyway, unemployment state at four point seven, 624 00:28:43,880 --> 00:28:46,960 Speaker 2: which is better than us. In fact, their wage growth 625 00:28:47,000 --> 00:28:49,400 Speaker 2: is better than us as well. Eight thousand came off 626 00:28:49,440 --> 00:28:51,480 Speaker 2: the payroll, so it's no one. I mean eight thousand 627 00:28:51,640 --> 00:28:55,000 Speaker 2: population of sixty six million people. So the job market 628 00:28:55,080 --> 00:28:57,720 Speaker 2: is calling very, very gradual. There are more than thirty 629 00:28:57,720 --> 00:29:00,080 Speaker 2: million people actually on a payroll, but the Bay and 630 00:29:00,120 --> 00:29:02,200 Speaker 2: sees they're at the lowest level since April of twenty 631 00:29:02,240 --> 00:29:05,080 Speaker 2: one outside the pandemic. The last time with that the 632 00:29:05,080 --> 00:29:10,320 Speaker 2: low was January of fifteen. So it's as always depends 633 00:29:10,320 --> 00:29:12,640 Speaker 2: how you read it. So I'm watching Parliament yesterday. Oh 634 00:29:12,640 --> 00:29:15,960 Speaker 2: they name dropped me in Parliament again. Yesterday Arena Williams, congratulations, 635 00:29:16,040 --> 00:29:20,960 Speaker 2: Labor MP congratulations. Ginny's question time was a disaster. So 636 00:29:21,040 --> 00:29:22,560 Speaker 2: I'm going to need to talk to her about that 637 00:29:22,600 --> 00:29:25,360 Speaker 2: because the week before she'd taken my advice and she 638 00:29:25,440 --> 00:29:28,320 Speaker 2: asked some good, sharp, short, sharp questions and she had 639 00:29:28,360 --> 00:29:32,480 Speaker 2: Bishop squirming. Yesterday she fell to pieces. But Arena Williams's 640 00:29:32,560 --> 00:29:36,440 Speaker 2: names dropped me, name drops me very effective. Bishop had 641 00:29:36,480 --> 00:29:41,280 Speaker 2: no comeback. So we'll do that. Where was I, David TEMI? Yeah, Chloe? 642 00:29:41,320 --> 00:29:44,320 Speaker 2: Are we sick and tired of Chloe? How sick? And 643 00:29:44,360 --> 00:29:48,000 Speaker 2: to hands up everybody if you're sick and tired of Chloe? 644 00:29:48,400 --> 00:29:49,840 Speaker 2: And so yesterday it came to a bit of a 645 00:29:49,880 --> 00:29:52,120 Speaker 2: head over Palestine. So we'll love talk to David Timore 646 00:29:52,120 --> 00:29:55,040 Speaker 2: about that. New rules around the America's Cup, Grant Dalton 647 00:29:55,200 --> 00:29:58,040 Speaker 2: on that, and Mark and the aforementioned Jinny with Us 648 00:29:58,280 --> 00:29:59,880 Speaker 2: for Politics Wednesday, after eight. 649 00:29:59,800 --> 00:30:03,480 Speaker 1: Of the Only report you need to start your day 650 00:30:03,720 --> 00:30:07,719 Speaker 1: on my costing break, best with Bailey's real estate altogether, 651 00:30:07,840 --> 00:30:11,480 Speaker 1: better across residential, commercial and rural news. Togs Head been. 652 00:30:11,440 --> 00:30:13,400 Speaker 2: Only seven past seven, so the police got themselves in 653 00:30:13,440 --> 00:30:16,640 Speaker 2: another not over Palestine. Yesterday's Warbrick reminded us all yet 654 00:30:16,680 --> 00:30:19,239 Speaker 2: again that composure and maturity aren't a forte. She got 655 00:30:19,240 --> 00:30:21,280 Speaker 2: booted from the house. Chris Hipkins tried to make it 656 00:30:21,280 --> 00:30:23,920 Speaker 2: political by suggesting act of vetoling the government's move to 657 00:30:23,920 --> 00:30:27,000 Speaker 2: declare statehood. Deputy Prime Minister David Seymour back with us, 658 00:30:27,040 --> 00:30:29,480 Speaker 2: good morning, Good morning mate. I was watching, as I 659 00:30:29,520 --> 00:30:31,080 Speaker 2: always do because I'm a tragic but I thought, you 660 00:30:31,160 --> 00:30:32,960 Speaker 2: point about the scarves is right? What are the rules 661 00:30:33,000 --> 00:30:35,240 Speaker 2: in Parliament around the scarfs? So she drapes a scarf 662 00:30:35,280 --> 00:30:37,680 Speaker 2: around the back of a seat, You raise it brownly, 663 00:30:37,760 --> 00:30:39,760 Speaker 2: goes good point. Suddenly she wraps it around her neck. 664 00:30:39,800 --> 00:30:40,719 Speaker 2: What's all that about? 665 00:30:41,880 --> 00:30:44,120 Speaker 17: Well, the point is you're supposed to come to Parliament, 666 00:30:44,240 --> 00:30:48,080 Speaker 17: set aside all personal and private interest and debate the 667 00:30:48,120 --> 00:30:52,520 Speaker 17: ideas rather than the person. Our Parliament's evolved a whole 668 00:30:52,560 --> 00:30:56,080 Speaker 17: lot of rules over the years, actually over hundreds of years, 669 00:30:56,920 --> 00:30:59,440 Speaker 17: to make sure that you could actually have a debate 670 00:30:59,520 --> 00:31:02,880 Speaker 17: on the fact, rather than really a circus where people 671 00:31:02,920 --> 00:31:06,400 Speaker 17: get up and do Harker display banners. You know, you 672 00:31:06,440 --> 00:31:08,920 Speaker 17: can have that, but it just attracts from the actual 673 00:31:08,920 --> 00:31:11,080 Speaker 17: discussion of ideas that we're supposed to promote. 674 00:31:11,280 --> 00:31:13,200 Speaker 2: Yeah, part of the problem with the Palestinian debate, and 675 00:31:13,240 --> 00:31:16,200 Speaker 2: I suppose it's been as old as time, but you 676 00:31:16,280 --> 00:31:19,959 Speaker 2: get people, unfortunately like Chloe, who lose the plot. And 677 00:31:19,960 --> 00:31:21,960 Speaker 2: that's the difficulty of the debate, doesn't You can't have 678 00:31:21,960 --> 00:31:23,640 Speaker 2: a debate because there'll be someone in the room like 679 00:31:23,680 --> 00:31:24,560 Speaker 2: her that goes nuts. 680 00:31:26,200 --> 00:31:30,920 Speaker 17: Well, I thought yesterday, Chloe Swarbrick, we kind of reached peak. Chloe, 681 00:31:30,960 --> 00:31:35,400 Speaker 17: you had the moral supremacy, just like all extremists, the 682 00:31:35,480 --> 00:31:38,520 Speaker 17: idea that your cause is so right you don't have 683 00:31:38,600 --> 00:31:41,600 Speaker 17: to follow the rules. You can just assert it over 684 00:31:41,640 --> 00:31:45,160 Speaker 17: everybody else, even if it stops the institution functioning. And 685 00:31:45,240 --> 00:31:47,200 Speaker 17: I just make the point that, you know, how can 686 00:31:47,240 --> 00:31:50,520 Speaker 17: you call for an international rules based order when you 687 00:31:50,560 --> 00:31:53,360 Speaker 17: can't follow the basic rules in your own workplace. I mean, 688 00:31:53,400 --> 00:31:56,080 Speaker 17: she's been a member of Parliament for more than half 689 00:31:56,120 --> 00:31:58,880 Speaker 17: her life. As far as I can tell, she should 690 00:31:58,880 --> 00:32:01,520 Speaker 17: be able to on the issues, and if she can't, 691 00:32:01,560 --> 00:32:04,360 Speaker 17: she should be asking why am I not persuading people? 692 00:32:04,440 --> 00:32:06,920 Speaker 2: No, should Jerry have back down. I mean he booted 693 00:32:06,960 --> 00:32:08,520 Speaker 2: her up for the week. Now, if she comes back 694 00:32:08,560 --> 00:32:10,200 Speaker 2: and says sorry, which I don't know whether she will 695 00:32:10,280 --> 00:32:13,800 Speaker 2: or not, she can come back today. Is that fair? Yeah? 696 00:32:13,920 --> 00:32:16,400 Speaker 17: I mean that's usually been the way it works. I mean, obviously, 697 00:32:16,520 --> 00:32:18,160 Speaker 17: you know, you've got to say that the speaker's right, 698 00:32:18,240 --> 00:32:20,560 Speaker 17: and I support his decision, so I'm not going to 699 00:32:20,560 --> 00:32:24,320 Speaker 17: comment on whether he should or shouldn't. But basically, you know, 700 00:32:24,800 --> 00:32:26,920 Speaker 17: the point is to restore order in the house, so 701 00:32:26,960 --> 00:32:29,040 Speaker 17: if someone's willing to do that, then you should usually 702 00:32:29,040 --> 00:32:29,560 Speaker 17: allow them. 703 00:32:30,000 --> 00:32:34,080 Speaker 2: Weird thing with Hipkins yesterday, who's claiming you're vetoing the 704 00:32:34,120 --> 00:32:40,000 Speaker 2: government recognizing the Palestinian state. Your claim is that harmas 705 00:32:40,160 --> 00:32:43,880 Speaker 2: need to be demilitarized. Does that indicate that Hipkins is 706 00:32:43,880 --> 00:32:46,840 Speaker 2: happy for her mask not to be demilitarized and therefore 707 00:32:47,240 --> 00:32:49,680 Speaker 2: you should get on with it? Is that what I'm 708 00:32:49,680 --> 00:32:51,360 Speaker 2: reading from what he said? 709 00:32:51,680 --> 00:32:54,040 Speaker 17: Well, I mean, first of all, Chris Hipkins doesn't know 710 00:32:54,080 --> 00:32:57,120 Speaker 17: what's happening in cabinet. The people of New Zealand dejected 711 00:32:57,200 --> 00:33:00,000 Speaker 17: him from cabinet because frankly, he was a bit useful 712 00:33:00,200 --> 00:33:02,440 Speaker 17: and we're still paying off all the debty racked up 713 00:33:02,440 --> 00:33:05,920 Speaker 17: among other costs imposed on society. But you know what 714 00:33:06,040 --> 00:33:08,760 Speaker 17: is happening is the government has said we are going 715 00:33:08,800 --> 00:33:11,480 Speaker 17: to over the next few weeks come to a position 716 00:33:11,960 --> 00:33:14,640 Speaker 17: that takes into account all of the facts. It's not 717 00:33:14,680 --> 00:33:17,320 Speaker 17: as simple as just saying, look, yep, we want to 718 00:33:17,360 --> 00:33:20,320 Speaker 17: be friends with terrorists tomorrow. There have to be a 719 00:33:20,400 --> 00:33:25,360 Speaker 17: series of conditions. If his position is just reward terrorism 720 00:33:25,360 --> 00:33:28,040 Speaker 17: and make friends with Hamas, then that's yet another reason 721 00:33:28,080 --> 00:33:29,880 Speaker 17: to work out and win the election next year. 722 00:33:29,960 --> 00:33:32,520 Speaker 2: Here's the weird thing for me as a person that 723 00:33:32,600 --> 00:33:34,600 Speaker 2: you political classes. I mean, what do you think is 724 00:33:34,640 --> 00:33:37,880 Speaker 2: going to change here? I mean what literallyg so you today? 725 00:33:38,080 --> 00:33:41,640 Speaker 2: There we go, we recognize the Palestinian state. What happens nothing. 726 00:33:42,800 --> 00:33:45,280 Speaker 17: I'm sure that the people in the Middle East, the 727 00:33:45,320 --> 00:33:47,440 Speaker 17: thing they've really been waiting for for the last four 728 00:33:47,480 --> 00:33:50,560 Speaker 17: thousand years is for New Zealand to take a position. 729 00:33:50,640 --> 00:33:54,720 Speaker 17: I mean, come on, it is ultimately a question of 730 00:33:55,000 --> 00:33:59,880 Speaker 17: New Zealand being comfortable with itself rather than having a 731 00:34:00,040 --> 00:34:03,480 Speaker 17: material impact on what happens over there. Nonetheless, I think 732 00:34:03,480 --> 00:34:07,040 Speaker 17: it's important that our country actually does uphold good values, 733 00:34:07,720 --> 00:34:10,520 Speaker 17: and you don't do that by simply responding to emotion, 734 00:34:10,840 --> 00:34:13,880 Speaker 17: which I understand. I understand people are seeing this stuff 735 00:34:13,880 --> 00:34:16,160 Speaker 17: on Instagram, and they're seeing it on TikTok and on 736 00:34:16,239 --> 00:34:18,160 Speaker 17: the six o'clock news every night. 737 00:34:18,600 --> 00:34:19,160 Speaker 2: I get it. 738 00:34:20,160 --> 00:34:23,839 Speaker 17: But the issue is not to be the most sort 739 00:34:23,880 --> 00:34:27,480 Speaker 17: of virtue signaling person to demonstrate your own moral supremacy 740 00:34:27,520 --> 00:34:31,640 Speaker 17: by saying that you have a spine. What Chloe really 741 00:34:31,680 --> 00:34:35,520 Speaker 17: needs to see as a brain so that we can 742 00:34:35,560 --> 00:34:39,600 Speaker 17: come to a solution that is workable and that respects 743 00:34:39,640 --> 00:34:42,560 Speaker 17: the rights and values of all the people involved, including 744 00:34:42,600 --> 00:34:46,160 Speaker 17: of course a democratic country that has been under attack 745 00:34:46,680 --> 00:34:50,760 Speaker 17: and continues to have its citizens held as hostages. Those 746 00:34:50,800 --> 00:34:52,920 Speaker 17: facts matter too, and I think if you're prepared to 747 00:34:52,960 --> 00:34:55,920 Speaker 17: have a proper discussion, you can get to that. But 748 00:34:56,080 --> 00:35:00,239 Speaker 17: yesterday we saw people who, as you hinted before, arectually 749 00:35:00,239 --> 00:35:03,120 Speaker 17: sabotaging the ability to do it through their own moral rightelessness. 750 00:35:03,160 --> 00:35:05,799 Speaker 2: Yeah, appreciate it all right, David Seymour. By the way, 751 00:35:06,200 --> 00:35:08,600 Speaker 2: Chloe has nothing to add. Mike standing in the middle 752 00:35:08,600 --> 00:35:10,480 Speaker 2: of my farm, both hands up? Can I put them down? 753 00:35:10,520 --> 00:35:10,680 Speaker 13: Now? 754 00:35:10,719 --> 00:35:10,959 Speaker 2: Please? 755 00:35:11,040 --> 00:35:11,200 Speaker 15: Yes? 756 00:35:11,280 --> 00:35:11,480 Speaker 10: Yes? 757 00:35:11,560 --> 00:35:14,080 Speaker 2: Yes, sick of Chloe might read Chloe, both hands upset down? 758 00:35:14,120 --> 00:35:16,080 Speaker 2: Put my feet up as well. It was really more 759 00:35:16,080 --> 00:35:18,960 Speaker 2: of rhetorical question twelve, but thank you anyway, twelve minutes 760 00:35:19,000 --> 00:35:22,520 Speaker 2: past seven's more insight into the economy you darted from. 761 00:35:22,520 --> 00:35:25,239 Speaker 2: My ID shows twenty percent of businesses operating at a loss. 762 00:35:25,239 --> 00:35:27,560 Speaker 2: This is in twenty twenty three. One hundred and seven 763 00:35:27,600 --> 00:35:29,400 Speaker 2: thousand of them came out of the four hundred and 764 00:35:29,400 --> 00:35:32,399 Speaker 2: seventy five thousand companies we have. By last year, similar trend, 765 00:35:32,400 --> 00:35:34,840 Speaker 2: another one hundred and seven thousand companies still reporting losses, 766 00:35:34,840 --> 00:35:37,000 Speaker 2: more than forty percent of those businesses. By the way, 767 00:35:37,239 --> 00:35:40,800 Speaker 2: in accommodation and food, Chris Small, CEO at ABC Business Sales, 768 00:35:40,880 --> 00:35:42,640 Speaker 2: is back. Well this Chris, very good morning to you. 769 00:35:43,400 --> 00:35:44,680 Speaker 8: Okay, Mike Key, you doing very well. 770 00:35:44,719 --> 00:35:46,720 Speaker 2: Indeed, how many businesses run at a loss, will always 771 00:35:46,760 --> 00:35:48,399 Speaker 2: run at a loss, are a bit useless and that's 772 00:35:48,480 --> 00:35:48,960 Speaker 2: just life. 773 00:35:50,040 --> 00:35:52,480 Speaker 8: Yeah, great point. So within those numbers, it is actually 774 00:35:52,480 --> 00:35:55,359 Speaker 8: a high proportion they actually have no staff, and they 775 00:35:55,360 --> 00:36:00,239 Speaker 8: actually include things like trusts and property owning companies. So 776 00:36:00,320 --> 00:36:02,240 Speaker 8: i'd say you're reject to what there's a fair proportion 777 00:36:02,320 --> 00:36:04,640 Speaker 8: there as you look at previous years, ninety nine thousand 778 00:36:04,640 --> 00:36:07,359 Speaker 8: that are actually structured in a certain way which will 779 00:36:07,400 --> 00:36:10,600 Speaker 8: always for tax efficiency reasons show a loss. So I 780 00:36:10,640 --> 00:36:12,000 Speaker 8: think you spot on there is there. 781 00:36:11,920 --> 00:36:15,320 Speaker 2: Are variation in sectors. I mean I highlighted accommodation of food. 782 00:36:15,360 --> 00:36:17,840 Speaker 2: Will some always struggle because of the number of people 783 00:36:17,880 --> 00:36:18,720 Speaker 2: in that sector. 784 00:36:21,360 --> 00:36:24,200 Speaker 8: Not necessarily, I mean it's at the moment you exect 785 00:36:24,200 --> 00:36:28,440 Speaker 8: to write retail, accommodation, and hospitality, which all have a 786 00:36:28,560 --> 00:36:30,960 Speaker 8: reliant on customer demand or consition of spending. As we 787 00:36:30,960 --> 00:36:32,799 Speaker 8: all know where in a cost of living crisis, so 788 00:36:32,920 --> 00:36:37,799 Speaker 8: consumers are spending less. So in particular, those are your 789 00:36:37,840 --> 00:36:39,919 Speaker 8: sectors again hit the hardest. But no, there's no reason 790 00:36:39,960 --> 00:36:42,600 Speaker 8: why those sectors can't make money. Well, I would say 791 00:36:42,680 --> 00:36:46,920 Speaker 8: is certain sectors have tax efficiency structures, so when they 792 00:36:46,920 --> 00:36:49,520 Speaker 8: come and see us, for example, it's often that sersion 793 00:36:49,560 --> 00:36:52,239 Speaker 8: sectors are showing a loss from a text perspective, but 794 00:36:52,280 --> 00:36:54,600 Speaker 8: when you beck out certain private costs or other costs 795 00:36:54,600 --> 00:36:56,920 Speaker 8: that are in there, they actually are showing a profit. 796 00:36:56,960 --> 00:36:58,800 Speaker 8: So there's a few complexities within. 797 00:36:58,640 --> 00:37:02,040 Speaker 2: Those those losing money. How does that dovetail into sales 798 00:37:02,080 --> 00:37:04,120 Speaker 2: and demand for sales of businesses? 799 00:37:05,120 --> 00:37:06,920 Speaker 8: Yeah, good, good question. So I did a bit of 800 00:37:06,920 --> 00:37:10,880 Speaker 8: analysis before before came on. So at the moment, still 801 00:37:11,120 --> 00:37:13,319 Speaker 8: ninety percent of people who who are coming to see 802 00:37:13,360 --> 00:37:15,880 Speaker 8: us are making a profit so ap. Probably one in 803 00:37:16,000 --> 00:37:18,600 Speaker 8: ten are showing a paper loss is the sort of 804 00:37:18,840 --> 00:37:20,279 Speaker 8: ratio we're seeing it the way, which which is a 805 00:37:20,280 --> 00:37:23,200 Speaker 8: good sign. So we've still got we're seeing ninety percent 806 00:37:23,239 --> 00:37:25,560 Speaker 8: of small and medium sized enterprises than is YNE are 807 00:37:25,560 --> 00:37:27,279 Speaker 8: still making a profit when they come and see us 808 00:37:27,320 --> 00:37:28,920 Speaker 8: and want to put their business on the market. 809 00:37:29,160 --> 00:37:32,440 Speaker 2: Good good insight. As always, Chris appreciated ABC Business Sales 810 00:37:32,440 --> 00:37:34,759 Speaker 2: whist speaking which roughly round about I told you it 811 00:37:34,760 --> 00:37:37,200 Speaker 2: would happen to am Z yesterday on the mortgage rates, 812 00:37:37,280 --> 00:37:39,719 Speaker 2: BE and Z today they'll all follow suit what I do. 813 00:37:39,800 --> 00:37:42,120 Speaker 2: Note interestingly with BNZ this morning, they're down on the 814 00:37:42,560 --> 00:37:46,640 Speaker 2: three year fixed. They've gone below five percent. It's only 815 00:37:46,680 --> 00:37:49,560 Speaker 2: ten bases points down, but that psychological below five percent, 816 00:37:49,640 --> 00:37:53,439 Speaker 2: say three the two years, four eight nine, eighteen, four 817 00:37:53,520 --> 00:37:56,399 Speaker 2: seven nine, they're all much of a much. Don't tell 818 00:37:56,480 --> 00:37:59,400 Speaker 2: Nicola because she'll accuse them of having no competition. Fifteen 819 00:37:59,440 --> 00:38:02,120 Speaker 2: past seven. 820 00:38:01,600 --> 00:38:06,000 Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered 821 00:38:06,040 --> 00:38:07,080 Speaker 1: by News Talks. 822 00:38:06,800 --> 00:38:10,360 Speaker 2: At be Grant Dalton on these new cuveralls. Shortly seventeen 823 00:38:10,400 --> 00:38:12,319 Speaker 2: past seven, So back to the gas crisis. We got 824 00:38:12,360 --> 00:38:13,880 Speaker 2: to hint to this on the show yesterday as the 825 00:38:13,880 --> 00:38:16,279 Speaker 2: calls growth for the government to do something to help 826 00:38:16,320 --> 00:38:18,400 Speaker 2: business tackle the price and lack of gas. So the 827 00:38:18,400 --> 00:38:22,200 Speaker 2: Green Building Council entered yesterday. They argue heat pumps might help. 828 00:38:22,520 --> 00:38:24,680 Speaker 2: There are potential savings for the country, they claim of 829 00:38:24,719 --> 00:38:27,280 Speaker 2: one and a half billion. Andrew Eagles is the CEO 830 00:38:27,320 --> 00:38:30,600 Speaker 2: of the Green Building councilors with us Andrew Morning Morning. 831 00:38:30,680 --> 00:38:32,840 Speaker 2: So part of you thinking is banning new connections and 832 00:38:32,840 --> 00:38:35,520 Speaker 2: phasing out. Do you do that on a climate argument 833 00:38:35,600 --> 00:38:37,640 Speaker 2: or do you because I just worry about the riskers. 834 00:38:37,719 --> 00:38:40,200 Speaker 2: If we discovered more gas, we'd solve our problem, and 835 00:38:40,239 --> 00:38:42,200 Speaker 2: we don't know that isn't going to happen. Therefore, by 836 00:38:42,239 --> 00:38:44,880 Speaker 2: banning new connections, you might be biting yourself for the 837 00:38:44,920 --> 00:38:45,920 Speaker 2: future years. 838 00:38:47,600 --> 00:38:50,480 Speaker 3: Yeah, I can see that. I guess what we're seeing 839 00:38:50,600 --> 00:38:54,120 Speaker 3: is a hollowing out of New Zealand industry in jobs. 840 00:38:54,200 --> 00:38:56,840 Speaker 3: So at two hundred and thirty jobs, the biggest employer 841 00:38:57,120 --> 00:39:01,120 Speaker 3: we're a pay who one thousand staff Winstance at Winston 842 00:39:01,200 --> 00:39:07,480 Speaker 3: Polp scaling down, and then great businesses like fertilizer provider 843 00:39:07,520 --> 00:39:11,640 Speaker 3: in my great region of Taranaki at Kipuni, scaling about 844 00:39:11,640 --> 00:39:15,400 Speaker 3: one hundred and sixteen people. So people are leaving job losses, 845 00:39:15,520 --> 00:39:19,320 Speaker 3: hollowing out communities because they just can't afford the gas. 846 00:39:18,960 --> 00:39:23,760 Speaker 3: And what we've got is an opportunity to potentially free 847 00:39:23,760 --> 00:39:26,279 Speaker 3: that up from a sector that doesn't actually need it, 848 00:39:26,640 --> 00:39:31,520 Speaker 3: so where we can move into electrifying homes and buildings, 849 00:39:31,960 --> 00:39:34,160 Speaker 3: you know, we can free that up for industry so 850 00:39:34,560 --> 00:39:38,239 Speaker 3: they have more certainty and more availability. And it's pretty sizable. 851 00:39:38,360 --> 00:39:43,600 Speaker 3: So if nothing changes, it's unlikely that we find something 852 00:39:43,640 --> 00:39:46,479 Speaker 3: in the next five years. Right, the average time ten 853 00:39:46,520 --> 00:39:48,520 Speaker 3: to sixteen years to find and then bring it on 854 00:39:48,600 --> 00:39:52,200 Speaker 3: for production. So if we look at that, like twenty 855 00:39:52,280 --> 00:39:55,040 Speaker 3: thirty twenty six percent of all the gas we're using 856 00:39:55,400 --> 00:39:58,840 Speaker 3: homes and buildings, and then by twenty thirty five it's 857 00:39:58,840 --> 00:40:03,279 Speaker 3: fifty percent. So our six is just saying, look, it's 858 00:40:03,640 --> 00:40:09,319 Speaker 3: actually healthier, it's lower cost, and it's more efficient if 859 00:40:09,400 --> 00:40:13,240 Speaker 3: we don't use that, and that makes it available for industry, 860 00:40:13,360 --> 00:40:19,480 Speaker 3: keeping our jobs and government income receipts from text and 861 00:40:19,680 --> 00:40:21,920 Speaker 3: keeping our communities alive. 862 00:40:22,239 --> 00:40:23,200 Speaker 13: Right, we want to keep. 863 00:40:23,040 --> 00:40:24,880 Speaker 3: Those jobs, and we want to keep the exports in 864 00:40:24,960 --> 00:40:28,080 Speaker 3: New Zealand. So that's an opportunity. I just putting your 865 00:40:28,080 --> 00:40:29,560 Speaker 3: hand up and saying we can contribute. 866 00:40:29,800 --> 00:40:31,759 Speaker 2: All right, good on you Andrew appreciate it. We'll get 867 00:40:31,760 --> 00:40:33,759 Speaker 2: you back on another time for a longer discussion about this, 868 00:40:33,800 --> 00:40:36,080 Speaker 2: because of course the argument is that heat pump is 869 00:40:36,080 --> 00:40:38,160 Speaker 2: a cost, and running a heat pump is another cost. 870 00:40:38,160 --> 00:40:39,560 Speaker 2: And of course then you get to the business and 871 00:40:39,600 --> 00:40:41,919 Speaker 2: do we have enough electricity on a cold winter's morning 872 00:40:41,960 --> 00:40:43,839 Speaker 2: to actually run them at all? Let me I need 873 00:40:43,880 --> 00:40:45,359 Speaker 2: to get back to Palestine in a moment though. 874 00:40:45,400 --> 00:40:52,080 Speaker 1: Seven the Mike Asking Breakfast Full Show podcast on iHeartRadio 875 00:40:52,400 --> 00:40:53,560 Speaker 1: powered by News Talks. 876 00:40:53,560 --> 00:40:53,840 Speaker 18: It'd be. 877 00:40:56,239 --> 00:40:58,200 Speaker 2: Now if you're looking after the old baby, it just 878 00:40:58,239 --> 00:41:01,240 Speaker 2: got a whole lot easier thanks to its baby Week's sale. 879 00:41:01,239 --> 00:41:03,200 Speaker 2: This is a chemist warehouse. Of course. You can soothe 880 00:41:03,200 --> 00:41:05,200 Speaker 2: the little one with the guy a natural baby here 881 00:41:05,200 --> 00:41:07,640 Speaker 2: and body wash five hundred mills now just thirteen forty nine. 882 00:41:08,080 --> 00:41:10,279 Speaker 2: You keep them company with the Bungee Baby napp ration 883 00:41:10,400 --> 00:41:13,120 Speaker 2: barrier cream ninety grams at ten forty nine. You've got 884 00:41:13,120 --> 00:41:15,440 Speaker 2: the nurture of the well. You can nurture the peaceful 885 00:41:15,520 --> 00:41:19,120 Speaker 2: nights with the Wilida Baby colendular shampoo and body wash 886 00:41:19,120 --> 00:41:21,360 Speaker 2: that's two hundred mils for just twelve forty nine. You 887 00:41:21,400 --> 00:41:24,080 Speaker 2: can stop stock up on the q Rash Baby wipes, 888 00:41:24,280 --> 00:41:27,319 Speaker 2: the Soothing Alo two hundred and forty pack eleven ninety nine. 889 00:41:27,520 --> 00:41:30,200 Speaker 2: You can make bathtime gentle with the Avino Baby Daily 890 00:41:30,239 --> 00:41:33,040 Speaker 2: Wash and Shampoo five hundred and thirty two mills only 891 00:41:33,080 --> 00:41:35,239 Speaker 2: sixteen forty nine. Plus. You don't want to miss out 892 00:41:35,480 --> 00:41:37,560 Speaker 2: on up to the forty percent off the Huggies and 893 00:41:37,600 --> 00:41:39,560 Speaker 2: the Baby love You Too. So the sale ins tonight 894 00:41:39,640 --> 00:41:42,320 Speaker 2: wops tonight, it's over, so you get in store, do 895 00:41:42,400 --> 00:41:43,960 Speaker 2: it online if you want, don't miss out on these 896 00:41:44,040 --> 00:41:47,520 Speaker 2: unbelievable deals. Are your home of baby essentials, of course, 897 00:41:47,560 --> 00:41:51,080 Speaker 2: the good folks, that's Chemist Warehouse Ski nows I still 898 00:41:51,160 --> 00:41:53,080 Speaker 2: to do seem more or mom ago Chris Hipkins seven 899 00:41:53,080 --> 00:41:55,600 Speaker 2: twenty three. By the way, Chris Hipkins came on, well 900 00:41:55,600 --> 00:41:58,600 Speaker 2: became undone. I thought yesterday two times and you would 901 00:41:58,600 --> 00:42:00,759 Speaker 2: hope given this literally no pressure on him right now, 902 00:42:00,760 --> 00:42:03,640 Speaker 2: and basically he gets to spend his days begging the government. 903 00:42:03,640 --> 00:42:05,160 Speaker 2: He might want to sharpen up a bit, given next 904 00:42:05,239 --> 00:42:06,600 Speaker 2: year is going to be a whole different kettle of 905 00:42:06,600 --> 00:42:10,160 Speaker 2: fish so mistake number one. He attempted to gain points 906 00:42:10,160 --> 00:42:12,880 Speaker 2: on Palestine by suggesting David Seymour was holding the government 907 00:42:12,920 --> 00:42:14,880 Speaker 2: to some sort of ransom and if it wasn't for 908 00:42:14,920 --> 00:42:17,759 Speaker 2: the veto, they would have declared support for statehood by now. 909 00:42:17,960 --> 00:42:20,200 Speaker 2: Now what Seymour said was ha Mass would need to 910 00:42:20,239 --> 00:42:24,280 Speaker 2: be demilitarized. Now, apart from the fact that's not radical 911 00:42:24,520 --> 00:42:27,480 Speaker 2: or new or an already widely held view by many 912 00:42:27,520 --> 00:42:30,080 Speaker 2: who want to recognize Palestine, what is it hipkins are 913 00:42:30,120 --> 00:42:32,600 Speaker 2: saying he doesn't mind he Mass or Hamas being a 914 00:42:32,680 --> 00:42:34,759 Speaker 2: terror group? Would he be happy with the two state 915 00:42:34,840 --> 00:42:36,920 Speaker 2: solution with Hamas at the control panel? If he does, 916 00:42:37,080 --> 00:42:40,240 Speaker 2: no problem? Say so, bet you we won't. Though, Mistake 917 00:42:40,320 --> 00:42:42,880 Speaker 2: number two, for reasons best known to himself, he got 918 00:42:42,920 --> 00:42:45,680 Speaker 2: trapped into a discussion about his tax policy. What tax 919 00:42:45,719 --> 00:42:49,360 Speaker 2: policy you're asking exactly, But he somehow managed to suggest 920 00:42:49,360 --> 00:42:52,040 Speaker 2: that even though there isn't a tax policy, what there 921 00:42:52,080 --> 00:42:54,840 Speaker 2: is is broad agreement around a wealth tax and a 922 00:42:54,840 --> 00:42:57,880 Speaker 2: capital gainst tax. And then the bullet in the foot 923 00:42:58,440 --> 00:43:01,400 Speaker 2: he couldn't rule in or route the possibility that the 924 00:43:01,440 --> 00:43:06,080 Speaker 2: family home was part of that tax capture. Now tip 925 00:43:06,120 --> 00:43:09,239 Speaker 2: one drop the Middle East no voters moved in this 926 00:43:09,280 --> 00:43:11,680 Speaker 2: country on a place that has been at a disasters own 927 00:43:11,719 --> 00:43:14,160 Speaker 2: for decades. And the more you look like you tolerate terrorists, 928 00:43:14,200 --> 00:43:16,160 Speaker 2: the more you put Middle New Zealand off you. Then 929 00:43:16,320 --> 00:43:20,000 Speaker 2: mistake number two. If you're stupid enough to even hint 930 00:43:20,200 --> 00:43:22,080 Speaker 2: that a family home could be part of a new tax, 931 00:43:22,280 --> 00:43:25,200 Speaker 2: give up right now because you toast. As history shows, 932 00:43:25,200 --> 00:43:28,680 Speaker 2: a CGT with a family home exempt has been trialed 933 00:43:28,760 --> 00:43:33,360 Speaker 2: and rejected multiple times by his own party. Irony of ironies, 934 00:43:33,400 --> 00:43:36,120 Speaker 2: it was Hopkins himself, with the Captain's call that dropped 935 00:43:36,120 --> 00:43:38,279 Speaker 2: it last time. So not only is he clearly not 936 00:43:38,280 --> 00:43:41,160 Speaker 2: committed or convinced, he seemingly may have been hijacked by 937 00:43:41,160 --> 00:43:43,680 Speaker 2: some left leaning radicals inside his own camp to get 938 00:43:43,680 --> 00:43:47,080 Speaker 2: the family home involved. So a party that can tolerate 939 00:43:47,120 --> 00:43:51,120 Speaker 2: him us and tax your family home, what could possibly 940 00:43:51,160 --> 00:43:54,719 Speaker 2: go wrong? Paskingccurning Mike as a previous supporter of the Greens, 941 00:43:54,760 --> 00:43:56,600 Speaker 2: I can tell you the dismay I'm feeling regarding this 942 00:43:56,680 --> 00:43:59,120 Speaker 2: new incarnation of the Greens. Yes, I support the Palestinians, 943 00:43:59,120 --> 00:44:00,960 Speaker 2: but I also support trun feed my family and look 944 00:44:01,000 --> 00:44:03,640 Speaker 2: after the environment, two things you simply don't hear them 945 00:44:03,640 --> 00:44:05,880 Speaker 2: talk about anymore. It's not a bad point, loot. They 946 00:44:05,920 --> 00:44:09,400 Speaker 2: are very exercised and energized about issues that really, on 947 00:44:09,440 --> 00:44:14,359 Speaker 2: a daily basis, have no great impact on most New Zealanders. Mike, 948 00:44:14,400 --> 00:44:17,799 Speaker 2: can you pass on to David Seymour that a huge 949 00:44:17,840 --> 00:44:20,480 Speaker 2: amount of New Zealanders are feeling the shame his government 950 00:44:20,560 --> 00:44:24,879 Speaker 2: can't join all those other countries recognizing gaza And by 951 00:44:24,880 --> 00:44:28,960 Speaker 2: the way, Gaza is not spelt garza. But when you 952 00:44:29,040 --> 00:44:32,600 Speaker 2: say the shame, the shame of what, what is it? 953 00:44:32,640 --> 00:44:35,759 Speaker 2: You want? What is it? What's the point? Are you 954 00:44:35,880 --> 00:44:38,040 Speaker 2: literally just wanting us to join a queue of people 955 00:44:38,040 --> 00:44:41,080 Speaker 2: who have done the same thing. So you like tokenism, 956 00:44:41,239 --> 00:44:44,239 Speaker 2: you're a fan of tokenism. I mean, declare it if 957 00:44:44,280 --> 00:44:47,200 Speaker 2: you want. I couldn't kill I honestly couldn't care less. 958 00:44:47,719 --> 00:44:50,040 Speaker 2: I mean this has been going on literally for decades, 959 00:44:50,120 --> 00:44:53,440 Speaker 2: or if you want to broaden the discussion out for hundreds, 960 00:44:53,480 --> 00:44:57,040 Speaker 2: if not thousands of years. Nothing essentially has changed and 961 00:44:57,120 --> 00:45:00,879 Speaker 2: New Zealand's standing there going. We recognize pell Steiner's estate 962 00:45:01,239 --> 00:45:04,760 Speaker 2: will make not one jot of difference to anything. Therefore, 963 00:45:04,800 --> 00:45:08,240 Speaker 2: in a country with a vast wealth of really important 964 00:45:08,280 --> 00:45:11,280 Speaker 2: issues to deal with why do we keep getting angsty 965 00:45:11,280 --> 00:45:14,239 Speaker 2: and exercising about it? I have no idea neurals for 966 00:45:14,320 --> 00:45:16,799 Speaker 2: the America's Cup. Grant Dalton shortly got a thing that 967 00:45:17,080 --> 00:45:19,400 Speaker 2: is a thing. It's a world first in an area 968 00:45:19,440 --> 00:45:22,560 Speaker 2: you thought, Nah, we've already got those wine callers. I'm 969 00:45:22,600 --> 00:45:26,120 Speaker 2: talking about. Got a wine caller that is I think 970 00:45:26,200 --> 00:45:29,120 Speaker 2: actually quite cool. So that's before rape. 971 00:45:30,320 --> 00:45:34,320 Speaker 1: New Zealand's voice of reason is Mike the mic Hosking 972 00:45:34,360 --> 00:45:39,080 Speaker 1: Breakfast with Vita, Retirement Communities, Life, Your Way News, togs 973 00:45:39,080 --> 00:45:40,320 Speaker 1: Head been twenty three. 974 00:45:40,200 --> 00:45:41,920 Speaker 2: To a like big rule changes of course coming to 975 00:45:41,960 --> 00:45:44,839 Speaker 2: the next America's Cup in twenty seven and Napoli. One 976 00:45:44,920 --> 00:45:47,600 Speaker 2: female will be part of the crew. Batteries will replace 977 00:45:47,640 --> 00:45:49,640 Speaker 2: Manuel p. We've got a cost cap of one hundred 978 00:45:49,680 --> 00:45:53,000 Speaker 2: and forty seven million. Also, the two non nationals will 979 00:45:53,040 --> 00:45:56,439 Speaker 2: be allowed to sail on board. That's the Burling rule, 980 00:45:56,440 --> 00:45:59,840 Speaker 2: of course. Grant dot As Team New Zealand, Stith Executive 981 00:46:00,120 --> 00:46:02,920 Speaker 2: with us your Morning Morning Maker and so on a 982 00:46:02,920 --> 00:46:06,040 Speaker 2: scale of one to ten, ten you're delirious. How happy 983 00:46:06,080 --> 00:46:06,600 Speaker 2: are you with this? 984 00:46:07,760 --> 00:46:11,160 Speaker 13: Seven and a half. It's been a pretty tough deal. 985 00:46:11,200 --> 00:46:14,160 Speaker 13: It's been a pretty torrid six months getting this across 986 00:46:14,200 --> 00:46:17,560 Speaker 13: the line. But I guess anything that's worth doing not 987 00:46:17,600 --> 00:46:18,480 Speaker 13: necessarily easy. 988 00:46:19,120 --> 00:46:21,480 Speaker 2: Was a gun held your head? Did they want all 989 00:46:21,520 --> 00:46:23,839 Speaker 2: of these changes and they were insistent on it. 990 00:46:24,760 --> 00:46:27,360 Speaker 13: There was a split on that. There was sort of 991 00:46:27,360 --> 00:46:30,000 Speaker 13: one side that was trying to use the gun tactic, 992 00:46:30,040 --> 00:46:31,560 Speaker 13: which is one of the reasons it took so long 993 00:46:31,600 --> 00:46:34,759 Speaker 13: because that doesn't work. Negotiating with a gun doesn't work. 994 00:46:35,280 --> 00:46:37,280 Speaker 13: Then there was the other sort of side of challenges 995 00:46:37,320 --> 00:46:39,520 Speaker 13: that were completely on board with everything that we were 996 00:46:39,520 --> 00:46:43,400 Speaker 13: trying to achieve. So really, in some ways they had 997 00:46:43,400 --> 00:46:47,120 Speaker 13: to marginalize the gun holders before you could make progress, 998 00:46:47,200 --> 00:46:51,480 Speaker 13: and really the progress only moved at pace in the 999 00:46:51,560 --> 00:46:54,120 Speaker 13: last month. But there was a lot to negotiate, a 1000 00:46:54,120 --> 00:46:57,960 Speaker 13: lot of change, and people are focusing on sort of 1001 00:46:57,960 --> 00:47:02,080 Speaker 13: the things that are obvious and good too, like you 1002 00:47:02,280 --> 00:47:05,479 Speaker 13: women on the boat. But the big change, the seismic move, 1003 00:47:06,280 --> 00:47:08,760 Speaker 13: is that the America's Cup will move from this boom 1004 00:47:08,760 --> 00:47:13,560 Speaker 13: bus cycle into a more even cycle where it can 1005 00:47:13,600 --> 00:47:16,640 Speaker 13: be planned. We can start planning for twenty nine now, right. 1006 00:47:16,719 --> 00:47:20,520 Speaker 2: So it just strikes me there's a lot of change here. 1007 00:47:20,560 --> 00:47:22,879 Speaker 2: Has the stuff been bubbling and all kind of came 1008 00:47:22,960 --> 00:47:26,000 Speaker 2: to a head. Hence it appears slightly more dramatic than 1009 00:47:26,000 --> 00:47:26,960 Speaker 2: it has previously. 1010 00:47:27,520 --> 00:47:30,799 Speaker 13: No, no, this is more dramatic than it has been previously. 1011 00:47:30,840 --> 00:47:36,439 Speaker 13: And the agreement that we made signed yesterday to move 1012 00:47:36,880 --> 00:47:41,440 Speaker 13: the America's Cup from a defended, totally dominated environment which 1013 00:47:41,440 --> 00:47:43,680 Speaker 13: has been for one hundred and seventy four years work 1014 00:47:43,800 --> 00:47:48,560 Speaker 13: quite nicely to a more even partnership is that's a 1015 00:47:48,600 --> 00:47:52,600 Speaker 13: big deal. And you know, as the three times winners 1016 00:47:52,600 --> 00:47:54,400 Speaker 13: of the Cup and the Royal New Jian yacht Squadron 1017 00:47:54,480 --> 00:47:57,640 Speaker 13: is a trustee, You've got to decide whether in fifty 1018 00:47:57,719 --> 00:47:59,680 Speaker 13: years time people are going to think that you know, 1019 00:47:59,760 --> 00:48:01,480 Speaker 13: you're the ones that screwed it up, or whether it's 1020 00:48:01,480 --> 00:48:02,080 Speaker 13: a good idea. 1021 00:48:02,840 --> 00:48:06,360 Speaker 2: One forty seven million does that limit you in a 1022 00:48:06,360 --> 00:48:07,720 Speaker 2: way that you might regret. 1023 00:48:08,840 --> 00:48:11,120 Speaker 13: It's a very funny thing, this budget cap. I always 1024 00:48:11,280 --> 00:48:12,879 Speaker 13: have a bit of a giggle when they talk about 1025 00:48:12,920 --> 00:48:15,520 Speaker 13: seventy five million euros. I'd love to be able to 1026 00:48:15,520 --> 00:48:19,440 Speaker 13: spend seventy five million euros. So any cost cap is 1027 00:48:19,520 --> 00:48:23,240 Speaker 13: an absolute advantage to Team New Zealand because we couldn't 1028 00:48:23,239 --> 00:48:25,080 Speaker 13: spend that if we tried, well, probably I'm sure we 1029 00:48:25,080 --> 00:48:28,000 Speaker 13: could if we tried, so cost caps are very much 1030 00:48:28,000 --> 00:48:30,719 Speaker 13: something that we've been in favor of to knock out. 1031 00:48:30,760 --> 00:48:33,200 Speaker 13: That's sort one hundred and fifty million euro budgets that 1032 00:48:33,320 --> 00:48:37,280 Speaker 13: some of these teams spend because we just have always 1033 00:48:37,360 --> 00:48:39,160 Speaker 13: been at least half of anybody else. 1034 00:48:39,200 --> 00:48:42,040 Speaker 2: So this is an advantage to us females with a 1035 00:48:42,120 --> 00:48:45,120 Speaker 2: view to what what's the point? It's not a bad idea, 1036 00:48:45,120 --> 00:48:46,279 Speaker 2: but what's the point? 1037 00:48:46,560 --> 00:48:51,279 Speaker 13: Well, I've been meanwhil diversity inclusion is a point all 1038 00:48:51,320 --> 00:48:53,319 Speaker 13: on its own, So I don't think there's anybody on 1039 00:48:53,360 --> 00:48:55,960 Speaker 13: the planet. I think that's a bad idea. I've always 1040 00:48:56,000 --> 00:48:58,440 Speaker 13: been a bit and honestly, the challenge of record was 1041 00:48:58,480 --> 00:49:01,120 Speaker 13: the same. We couldn't decide whether we should mandate or not, 1042 00:49:01,280 --> 00:49:05,360 Speaker 13: because there's a whole argument of females on the boat 1043 00:49:06,120 --> 00:49:09,640 Speaker 13: would feel more as though they should be there if 1044 00:49:09,640 --> 00:49:12,799 Speaker 13: they could earn their place, But we didn't really have 1045 00:49:12,880 --> 00:49:17,279 Speaker 13: a mechanism to get necessarily from the Woman's America's cup 1046 00:49:18,040 --> 00:49:21,960 Speaker 13: directly to the boat without the mandate, and so in 1047 00:49:22,080 --> 00:49:23,920 Speaker 13: balance we decided it was the right thing to do. 1048 00:49:24,040 --> 00:49:27,120 Speaker 13: But the point simply is the world is moving and 1049 00:49:27,160 --> 00:49:30,440 Speaker 13: it's good. It's good for marketing as well that we 1050 00:49:30,920 --> 00:49:32,480 Speaker 13: need to move with the times. 1051 00:49:33,120 --> 00:49:36,319 Speaker 2: Most importantly, for a person like media follows this, does 1052 00:49:36,320 --> 00:49:39,160 Speaker 2: it help entries? I mean, does the event get more 1053 00:49:39,239 --> 00:49:41,640 Speaker 2: people involved? Therefore it becomes more exciting. 1054 00:49:43,080 --> 00:49:46,120 Speaker 13: The America's Cup, to me, has never been about twinky entries. 1055 00:49:46,200 --> 00:49:50,399 Speaker 13: It's not that game. I mean, it's a technology race 1056 00:49:50,400 --> 00:49:53,239 Speaker 13: which is hard to win and that hasn't changed. It's 1057 00:49:53,280 --> 00:49:56,000 Speaker 13: not suddenly about to be very easy to win. The 1058 00:49:56,040 --> 00:49:58,640 Speaker 13: best team will sort of win, but it should promote 1059 00:49:58,680 --> 00:50:01,839 Speaker 13: more entries. It does do is to drive value into 1060 00:50:01,840 --> 00:50:04,000 Speaker 13: the teams in the way that a franchise will grow 1061 00:50:04,400 --> 00:50:06,720 Speaker 13: use formula one. I mean, the value and the increase 1062 00:50:06,760 --> 00:50:10,440 Speaker 13: in those teams has been dramatic. So I think ultimately 1063 00:50:10,560 --> 00:50:14,080 Speaker 13: that's one of its massive advantages of making it. You 1064 00:50:14,120 --> 00:50:16,440 Speaker 13: can see what you're getting. You don't know that in 1065 00:50:16,480 --> 00:50:19,600 Speaker 13: two years time it's all going to change. Leonarso got one, 1066 00:50:19,640 --> 00:50:21,879 Speaker 13: the next one and it would have changed. No one 1067 00:50:21,960 --> 00:50:24,799 Speaker 13: might have changed. So I think with driving value, it 1068 00:50:24,800 --> 00:50:27,280 Speaker 13: helps investment. Investment helps more entries. 1069 00:50:27,400 --> 00:50:29,799 Speaker 2: And what about tech and design? By the time we 1070 00:50:29,880 --> 00:50:32,600 Speaker 2: get to Naples and twenty seven, is it radically different 1071 00:50:32,719 --> 00:50:35,880 Speaker 2: or are we at such a cutting edge it's money? 1072 00:50:36,560 --> 00:50:38,840 Speaker 13: No, it won't be radically different, but for sure it 1073 00:50:38,840 --> 00:50:41,640 Speaker 13: will be different. I mean it just never stops. And 1074 00:50:41,719 --> 00:50:43,680 Speaker 13: our guys, you know, we've got twenty five guys just 1075 00:50:43,800 --> 00:50:47,040 Speaker 13: flatstick working on tech now and that's a big difference 1076 00:50:47,080 --> 00:50:49,200 Speaker 13: with the Cup in any other part of the sport. 1077 00:50:49,480 --> 00:50:52,120 Speaker 13: That this is the technology race and you never want 1078 00:50:52,120 --> 00:50:54,520 Speaker 13: to lose that. That's one of the intrigues. That's what 1079 00:50:54,560 --> 00:50:58,400 Speaker 13: people like. It fascinates people that the cutting edge and 1080 00:50:58,440 --> 00:51:00,799 Speaker 13: the development and we are the you're the test bed 1081 00:51:00,880 --> 00:51:03,000 Speaker 13: of the future, and that as a part of the 1082 00:51:03,040 --> 00:51:04,560 Speaker 13: Cup that I would never have changed. 1083 00:51:04,560 --> 00:51:06,480 Speaker 2: All Right, I'm good to catch up Grant Dalton, the 1084 00:51:06,520 --> 00:51:10,200 Speaker 2: head of Team New Zealand. Of course, new news from 1085 00:51:10,239 --> 00:51:13,200 Speaker 2: Willow Gene Prime from the Willa. We think we're probably 1086 00:51:13,239 --> 00:51:16,880 Speaker 2: going to have to open a Willow Gene Prime file. 1087 00:51:17,120 --> 00:51:18,239 Speaker 21: Can we call it prime Time? 1088 00:51:19,520 --> 00:51:22,560 Speaker 2: Very good Glynn More shortly eighteen to two. 1089 00:51:22,840 --> 00:51:27,200 Speaker 1: The Vike Hosking Breakfast Full Show podcast on iHeartRadio now 1090 00:51:27,239 --> 00:51:28,360 Speaker 1: ad by the News Talks, it'd be. 1091 00:51:30,640 --> 00:51:34,600 Speaker 2: You've beaten Glenn. Sorry, the subprime vortex that wins so 1092 00:51:34,760 --> 00:51:41,200 Speaker 2: not time. Little tracometer, by the way, Ain's Instra cometer. 1093 00:51:41,320 --> 00:51:44,680 Speaker 2: I love the Trochometer he heavy traffic movements. That's measuring 1094 00:51:44,719 --> 00:51:47,239 Speaker 2: current activity. It's up one point eight percent for July. 1095 00:51:47,400 --> 00:51:49,879 Speaker 2: Good good, good, up two point eight percent on last year. 1096 00:51:49,880 --> 00:51:53,080 Speaker 2: Excellent light traffic, which is sort of looking six months ahead. 1097 00:51:53,120 --> 00:51:55,359 Speaker 2: That's up one point four percent in July, zero point 1098 00:51:55,440 --> 00:51:57,680 Speaker 2: nine percent on last year. Both up and will take 1099 00:51:57,719 --> 00:52:02,480 Speaker 2: both measures right. It is time for a time. So 1100 00:52:02,760 --> 00:52:06,839 Speaker 2: the new one from Willow Jane is she claimed that 1101 00:52:07,040 --> 00:52:12,040 Speaker 2: fight clubs and significant meth use was going on in 1102 00:52:12,080 --> 00:52:17,840 Speaker 2: youth justice facilities. Big claim from Willow Gene crime fight 1103 00:52:17,880 --> 00:52:22,919 Speaker 2: clubs and significant meth use in youth justice facilities. Karen Chhaw, 1104 00:52:23,000 --> 00:52:30,719 Speaker 2: Minister in charge, is asked for more information. However, none 1105 00:52:30,719 --> 00:52:37,400 Speaker 2: of it can be substantiated by Orangatamariki officials the Children's Commission, 1106 00:52:37,600 --> 00:52:41,120 Speaker 2: who independently monitor the facilities, are also unaware of meth 1107 00:52:41,200 --> 00:52:43,880 Speaker 2: in the residences and hadn't heard of fight clubs at 1108 00:52:43,880 --> 00:52:47,960 Speaker 2: all since twenty twenty three, which of course was when 1109 00:52:48,040 --> 00:52:50,560 Speaker 2: Labor were in charge. So maybe when they were in 1110 00:52:50,640 --> 00:52:53,760 Speaker 2: charge there were some fight clubs and some meth use. Anyway, 1111 00:52:53,800 --> 00:52:56,880 Speaker 2: so Karen Shaw says, we'll give us the deats. Willow 1112 00:52:56,960 --> 00:52:59,759 Speaker 2: Gene hope. She did an email her because that's going 1113 00:52:59,800 --> 00:53:01,799 Speaker 2: to take a long time. She's give me the deeps, 1114 00:53:01,800 --> 00:53:06,360 Speaker 2: Willow Jene, but prime she's been unable to provide anything 1115 00:53:07,400 --> 00:53:10,399 Speaker 2: other than saying her concerns were based on information from 1116 00:53:10,400 --> 00:53:14,000 Speaker 2: a credible source. 1117 00:53:15,760 --> 00:53:18,439 Speaker 21: With the Fight Club reference. Is this just a case 1118 00:53:18,480 --> 00:53:22,919 Speaker 21: of Willow Jane being the credible source and she's gone 1119 00:53:22,960 --> 00:53:26,040 Speaker 21: off to ask herself just much the same way that 1120 00:53:26,200 --> 00:53:29,120 Speaker 21: Edward Norton was talking to himself the whole time in 1121 00:53:29,160 --> 00:53:29,640 Speaker 21: Fight Club. 1122 00:53:32,360 --> 00:53:36,000 Speaker 2: At what point does Chris Hapkin start shaking his head 1123 00:53:36,080 --> 00:53:38,120 Speaker 2: or put his head in his hands and going no, no, no, 1124 00:53:38,120 --> 00:53:38,480 Speaker 2: no no. 1125 00:53:38,480 --> 00:53:38,640 Speaker 1: Now. 1126 00:53:38,960 --> 00:53:41,880 Speaker 2: Funnily enough, yesterday Willow Jean, who's normally fronted up for 1127 00:53:41,960 --> 00:53:44,799 Speaker 2: some questions in question time, Wasn't there no questions from 1128 00:53:44,800 --> 00:53:47,080 Speaker 2: Willow Jane yesterday? So I wonder if she's been benched 1129 00:53:47,400 --> 00:53:49,719 Speaker 2: because she's become a little bit embarrassing. Can I just 1130 00:53:49,760 --> 00:53:52,280 Speaker 2: say the best story of yesterday was for me anyway? 1131 00:53:52,320 --> 00:53:53,839 Speaker 2: And I don't know whether it's just because I'm from 1132 00:53:53,920 --> 00:53:59,480 Speaker 2: christ Church, but the resurrection of Noah's Noah's Hotel is 1133 00:54:00,239 --> 00:54:03,960 Speaker 2: just it is. It's as integral part of christ Church 1134 00:54:04,080 --> 00:54:06,440 Speaker 2: is Cathedral Square. In fact, it's down the road from 1135 00:54:06,440 --> 00:54:09,640 Speaker 2: Cathedral Square. But if there's one building that needed doing, 1136 00:54:09,640 --> 00:54:12,880 Speaker 2: apart from obviously the cathedral, it was the shell of 1137 00:54:12,920 --> 00:54:15,880 Speaker 2: a building that was once knows Noah's was the hotel 1138 00:54:16,000 --> 00:54:19,000 Speaker 2: in christ Church. It was where all the Flash people stayed. 1139 00:54:19,040 --> 00:54:21,080 Speaker 2: It was the Flash hotel in christ Church back in 1140 00:54:21,080 --> 00:54:22,960 Speaker 2: the days when you're growing up in christ Church. That 1141 00:54:23,320 --> 00:54:25,239 Speaker 2: would be where if you had any money, you would 1142 00:54:25,280 --> 00:54:28,840 Speaker 2: go and stay at Noah's Hotel. Anyway, badly damaged Cambridge 1143 00:54:28,920 --> 00:54:31,040 Speaker 2: Terraces a beautiful part of christ Church. If you're on 1144 00:54:31,040 --> 00:54:32,600 Speaker 2: one of those top floors, you could look out and 1145 00:54:32,640 --> 00:54:35,000 Speaker 2: get it just the most glorious view. And so the 1146 00:54:35,040 --> 00:54:37,919 Speaker 2: announcement yesterday is it's going to be a five star 1147 00:54:38,000 --> 00:54:40,640 Speaker 2: Sheraton one hundred and fifty million dollars rebuild. Is there 1148 00:54:40,640 --> 00:54:42,960 Speaker 2: anything that's negative going on in christ Church at the moment? 1149 00:54:43,040 --> 00:54:45,640 Speaker 2: Is it all just continual sort of an avalanche of 1150 00:54:45,640 --> 00:54:49,359 Speaker 2: good news. So the Marriott who are Sheratan, they're going 1151 00:54:49,360 --> 00:54:51,080 Speaker 2: to develop it and it's going to be opened by 1152 00:54:51,120 --> 00:54:53,359 Speaker 2: twenty twenty seven, which is quite something I would have thought, 1153 00:54:53,400 --> 00:54:55,520 Speaker 2: if not a miracle, the way we build things in 1154 00:54:55,520 --> 00:54:57,600 Speaker 2: this country. Anyway, tw hundred forty rooms or suit's got 1155 00:54:57,600 --> 00:55:00,120 Speaker 2: a restaurant, got a rooftop bar, got a bent spaces, 1156 00:55:00,120 --> 00:55:01,719 Speaker 2: got a gym. It's got it all going on. And 1157 00:55:01,760 --> 00:55:04,480 Speaker 2: I've got to say that christ Church spending a bit 1158 00:55:04,520 --> 00:55:08,239 Speaker 2: of time there, it's short of decent hotels. We stay 1159 00:55:08,239 --> 00:55:10,880 Speaker 2: at the George, which is a lovely hotel. It's an 1160 00:55:10,880 --> 00:55:12,879 Speaker 2: old hotel that's right across the road from the park. 1161 00:55:12,920 --> 00:55:15,040 Speaker 2: That's a good hotel to stay at. We've tried the Mayfair. 1162 00:55:15,120 --> 00:55:17,880 Speaker 2: Disappointed in the Mayfair. A new hotel, nice cafe, a 1163 00:55:17,920 --> 00:55:19,600 Speaker 2: lot of people go there for coffee in the morning. 1164 00:55:19,840 --> 00:55:21,799 Speaker 2: But we bought a flash room at the Mayfair and 1165 00:55:21,840 --> 00:55:24,319 Speaker 2: it overlooked some dumpsters and I thought, that's not what 1166 00:55:24,320 --> 00:55:25,799 Speaker 2: you get for a flash room. I'm not looking at 1167 00:55:25,800 --> 00:55:29,200 Speaker 2: a car park of dumpsters, for goodness sake. And we 1168 00:55:29,280 --> 00:55:32,240 Speaker 2: tried the Observatory last time. The Observatory is downtown as well. 1169 00:55:32,600 --> 00:55:35,680 Speaker 2: Nice architecture, but the classic problem of a hotel that's 1170 00:55:35,719 --> 00:55:39,520 Speaker 2: been wedged into a heritage building, because you can't touch 1171 00:55:39,560 --> 00:55:41,719 Speaker 2: the heritage building. So we ended up in the top room. 1172 00:55:41,800 --> 00:55:43,439 Speaker 2: Because that's the sort of person I am. I said, 1173 00:55:43,440 --> 00:55:45,719 Speaker 2: get us, Katie Boss, so get us the top room 1174 00:55:46,080 --> 00:55:49,160 Speaker 2: and I won't tell you what we paid because it's embarrassing. Anyway, 1175 00:55:49,160 --> 00:55:51,600 Speaker 2: we got a top room, which was at the top anyway, 1176 00:55:51,640 --> 00:55:53,320 Speaker 2: turns out guess what. Guess what you get in the 1177 00:55:53,360 --> 00:55:56,160 Speaker 2: top room of the Observatory Hotel in christ Church. No windows, 1178 00:55:57,080 --> 00:56:00,800 Speaker 2: no windows, You cannot see out of your room. It's 1179 00:56:00,920 --> 00:56:05,440 Speaker 2: like a prison cell. But it did have skylights, which 1180 00:56:05,680 --> 00:56:07,560 Speaker 2: was no good because when we arrived it was duck 1181 00:56:08,360 --> 00:56:10,319 Speaker 2: and it was cloudy, and it was a cloudy. 1182 00:56:10,080 --> 00:56:11,799 Speaker 21: Night, like an inside cabin on a cruise ship. 1183 00:56:11,840 --> 00:56:13,560 Speaker 2: It was very much like an inside cavin on a 1184 00:56:13,560 --> 00:56:16,799 Speaker 2: cruise ship. So anyway, christ you to need Noah's back. 1185 00:56:17,640 --> 00:56:18,759 Speaker 2: So I'm excited about that. 1186 00:56:18,920 --> 00:56:22,600 Speaker 1: Turn away from it, The Mike Hoski Breakfast with a 1187 00:56:22,800 --> 00:56:25,560 Speaker 1: Vita Retirement Communities News Togsdad bes. 1188 00:56:25,360 --> 00:56:28,000 Speaker 2: Shiven away from a success story out of Taranaki startup 1189 00:56:28,080 --> 00:56:31,840 Speaker 2: Husky has hit multimillion dollar profits with their world first 1190 00:56:31,960 --> 00:56:34,600 Speaker 2: wine cooler tech. So it's an ice free coller keeps 1191 00:56:34,600 --> 00:56:37,360 Speaker 2: the champagne coll for up to six hours. They've just 1192 00:56:37,400 --> 00:56:39,759 Speaker 2: secured the largest commercial export order to the UK for 1193 00:56:39,800 --> 00:56:42,560 Speaker 2: seventy six thousand units now. Simon hiss A is the 1194 00:56:42,560 --> 00:56:44,560 Speaker 2: co founder of Husky and he's well the simon, very 1195 00:56:44,560 --> 00:56:45,160 Speaker 2: good morning to you. 1196 00:56:46,440 --> 00:56:47,799 Speaker 22: Good morning, thanks mate. 1197 00:56:47,719 --> 00:56:49,479 Speaker 2: Well done blah. But I've had a look this morning. 1198 00:56:49,520 --> 00:56:51,040 Speaker 2: It's a good looking thing. What I like most of 1199 00:56:51,040 --> 00:56:54,000 Speaker 2: all no condensation, because you think the moment you get 1200 00:56:54,040 --> 00:56:57,200 Speaker 2: cold and condensation all over the table does not. Is 1201 00:56:57,200 --> 00:57:01,080 Speaker 2: it magic or what is it? 1202 00:57:01,120 --> 00:57:04,040 Speaker 22: The technology has actually been around over one hundred years. 1203 00:57:04,080 --> 00:57:06,240 Speaker 22: It works in the same way that like a thermos 1204 00:57:06,239 --> 00:57:08,799 Speaker 22: strink bottle works, but nobody has just turned it around 1205 00:57:08,880 --> 00:57:11,520 Speaker 22: and kind of used it for wine. With the right 1206 00:57:11,600 --> 00:57:13,760 Speaker 22: kind of design, you can put it on and because 1207 00:57:13,800 --> 00:57:16,000 Speaker 22: it keeps the keeps all the cold inside of the 1208 00:57:16,000 --> 00:57:17,640 Speaker 22: great job of inti lating, you don't get it cold 1209 00:57:17,680 --> 00:57:18,680 Speaker 22: on the outside, so you don't. 1210 00:57:18,520 --> 00:57:21,400 Speaker 2: Get it cold. It's got the bottle's got a start cold, 1211 00:57:21,480 --> 00:57:24,320 Speaker 2: so the thermic idea the bottle must start cold and 1212 00:57:24,360 --> 00:57:26,080 Speaker 2: it will hold its coldness. Is that right? 1213 00:57:26,880 --> 00:57:27,240 Speaker 13: It's it. 1214 00:57:27,320 --> 00:57:29,160 Speaker 22: So you pull the cold bottle from We wanted it 1215 00:57:29,200 --> 00:57:31,080 Speaker 22: to be super simple. So you pull the cold bottle 1216 00:57:31,080 --> 00:57:33,120 Speaker 22: from the fridge, You grab the husky off the shelf, 1217 00:57:33,160 --> 00:57:35,680 Speaker 22: which is root temperature. You put the bottle in the husky, 1218 00:57:35,960 --> 00:57:37,880 Speaker 22: You screw on the lid and it doesn't matter what 1219 00:57:38,040 --> 00:57:40,280 Speaker 22: size bottle it is, if it's an Alstairs or a 1220 00:57:40,280 --> 00:57:43,000 Speaker 22: Burgundy or a Bordeaux style bottle, you screw on the 1221 00:57:43,000 --> 00:57:45,000 Speaker 22: lid and that's it. That's all you have to do. 1222 00:57:45,040 --> 00:57:46,640 Speaker 22: Then you pop it on the table, you pull your 1223 00:57:46,640 --> 00:57:49,080 Speaker 22: glass of wine with your friends, you notice that their 1224 00:57:49,120 --> 00:57:51,800 Speaker 22: glasses of wine are you know, are half full or empty, 1225 00:57:51,840 --> 00:57:53,640 Speaker 22: and you unscrew the lid and you top it up. 1226 00:57:53,680 --> 00:57:55,080 Speaker 22: You don't have to kind of go back and forward 1227 00:57:55,120 --> 00:57:56,360 Speaker 22: to the fridge, or you don't have to deal with 1228 00:57:56,360 --> 00:57:58,120 Speaker 22: a nice bucket and condensation. 1229 00:57:57,800 --> 00:57:59,600 Speaker 2: So you don't have to cool it in the first place. 1230 00:58:00,120 --> 00:58:01,560 Speaker 2: Lots of patents around this or no. 1231 00:58:03,120 --> 00:58:07,520 Speaker 23: Not really, because the base technology has been around for 1232 00:58:07,560 --> 00:58:09,920 Speaker 23: so long, all of those ones have run out, and 1233 00:58:09,960 --> 00:58:14,080 Speaker 23: then our using it for wine was relatively new, so 1234 00:58:14,160 --> 00:58:16,600 Speaker 23: there wasn't anything that kind of existed in that space. 1235 00:58:17,080 --> 00:58:19,880 Speaker 22: And then we revolved the product. The Wine Caller was 1236 00:58:19,880 --> 00:58:22,480 Speaker 22: the first one, and then the Champagne Caller, which one 1237 00:58:22,200 --> 00:58:25,520 Speaker 22: the Red Dot Design Award has the integrated bottle stop 1238 00:58:25,560 --> 00:58:28,080 Speaker 22: in the bottom because you've got bubbles with sparkling wine. 1239 00:58:28,960 --> 00:58:31,520 Speaker 22: There's another innovation on it, which so we were able 1240 00:58:31,560 --> 00:58:33,720 Speaker 22: to want to do a pattern. 1241 00:58:33,480 --> 00:58:35,240 Speaker 2: On that whause they are quite style of shaann't they. 1242 00:58:35,240 --> 00:58:37,960 Speaker 2: I mean that's as important as anything I think, isn't it. 1243 00:58:39,000 --> 00:58:41,040 Speaker 22: I think it's critical. Like when we were designing it, 1244 00:58:41,160 --> 00:58:45,240 Speaker 22: especially for wine, there's rituals and romance and everything around that, 1245 00:58:45,280 --> 00:58:47,120 Speaker 22: and we were conscious that we're going to build a 1246 00:58:47,160 --> 00:58:48,880 Speaker 22: product or create a product for this. It's going to 1247 00:58:48,880 --> 00:58:50,760 Speaker 22: sit in somebody's table. It has to look really good, 1248 00:58:51,040 --> 00:58:53,280 Speaker 22: it has to perform really well. So yeah, that was 1249 00:58:53,440 --> 00:58:55,200 Speaker 22: that was super important for us. It had to match 1250 00:58:55,240 --> 00:58:56,120 Speaker 22: the kind of environment. 1251 00:58:56,240 --> 00:58:58,320 Speaker 2: Seventy six thousand units, so you've got that many units. 1252 00:58:58,360 --> 00:58:59,280 Speaker 2: There's a lot of units. 1253 00:59:00,200 --> 00:59:04,560 Speaker 22: It was more than we'd produced in the entire year proceeding, 1254 00:59:04,640 --> 00:59:06,240 Speaker 22: so it was it was a big work for us. 1255 00:59:06,280 --> 00:59:08,919 Speaker 22: But yeah, we were confident we could make it happen. 1256 00:59:08,960 --> 00:59:12,440 Speaker 22: We've got really good production partners and were landing on 1257 00:59:12,480 --> 00:59:14,160 Speaker 22: the shores in the UK at the moment. And I 1258 00:59:14,280 --> 00:59:16,600 Speaker 22: can't take it up for because they'll be under Christmas trees. 1259 00:59:16,640 --> 00:59:20,160 Speaker 2: I think somewhere. Well, well, I love a good success 1260 00:59:20,200 --> 00:59:22,400 Speaker 2: story and well done. Congratulations on that salmon. Who's a 1261 00:59:23,760 --> 00:59:26,160 Speaker 2: husky is the name of the company, and he seems 1262 00:59:26,160 --> 00:59:28,000 Speaker 2: to it's so just to explain, just so you're not 1263 00:59:28,200 --> 00:59:30,320 Speaker 2: it's not in the fridge. It's yes, Husky's wine call 1264 00:59:30,360 --> 00:59:31,600 Speaker 2: has been around for years, but you've got to cool 1265 00:59:31,640 --> 00:59:33,600 Speaker 2: them down first so they stay cool to keep the 1266 00:59:33,640 --> 00:59:36,440 Speaker 2: wine call. This isn't cool. I know because I've got 1267 00:59:36,480 --> 00:59:38,600 Speaker 2: a thermi size baughter thermis when my hot water tap 1268 00:59:38,920 --> 00:59:41,760 Speaker 2: and this my thermist will keep the bottle cool as well, 1269 00:59:42,160 --> 00:59:44,280 Speaker 2: except because it's got a little hole at won't keep 1270 00:59:44,320 --> 00:59:46,480 Speaker 2: put a bottle in, so it just keeps liquid. And 1271 00:59:46,520 --> 00:59:47,120 Speaker 2: so that's just. 1272 00:59:47,040 --> 00:59:48,720 Speaker 21: A keep me having to pour your wine in there 1273 00:59:48,720 --> 00:59:50,200 Speaker 21: with a funnel, haven't you precisely? 1274 00:59:51,040 --> 00:59:53,560 Speaker 2: No one's caught me yet when everyone thinks it's water 1275 00:59:54,280 --> 00:59:55,920 Speaker 2: news for you in a couple of moments. Then as 1276 00:59:55,960 --> 00:59:59,120 Speaker 2: Politics Wednesday, Mark Mitchell and Jinny Anders. 1277 01:00:04,440 --> 01:00:10,480 Speaker 1: Mike Hosking insightful, engaging and vital the my casking Breakfast 1278 01:00:10,640 --> 01:00:14,520 Speaker 1: with Range Rover leading by example, News togsadv. 1279 01:00:15,680 --> 01:00:16,440 Speaker 2: You make the. 1280 01:00:16,480 --> 01:00:18,520 Speaker 1: Lobby card six here. 1281 01:00:20,200 --> 01:00:21,240 Speaker 6: How you look. 1282 01:00:21,360 --> 01:00:25,560 Speaker 2: So I'm just trying to work out who this sounds like, 1283 01:00:25,600 --> 01:00:28,120 Speaker 2: because the woman who it is I've never heard of. 1284 01:00:28,240 --> 01:00:37,040 Speaker 2: So I try to good boy Molly Tuttle, which is 1285 01:00:37,040 --> 01:00:38,240 Speaker 2: a cool name, isn't it? What do you like to 1286 01:00:38,360 --> 01:00:40,680 Speaker 2: call Molly Tuttle? I mean not if you're a boy, obviously, 1287 01:00:40,720 --> 01:00:43,439 Speaker 2: but if you're a Molly Tuttle. So long little Miss 1288 01:00:43,440 --> 01:00:47,160 Speaker 2: Sunshine as the name of the album, it's out this Friday. 1289 01:00:48,200 --> 01:00:50,760 Speaker 2: Before her headline Saturday Night, said at the four day 1290 01:00:50,800 --> 01:00:54,480 Speaker 2: Green Mountain Bluegrass and Roots Festival in Manchester Center, I 1291 01:00:54,520 --> 01:00:58,160 Speaker 2: don't know where that is. I know what country it's in. 1292 01:00:58,160 --> 01:01:01,760 Speaker 21: General, Well that's Manche, I'd say often Nancy to Win, 1293 01:01:01,840 --> 01:01:08,200 Speaker 21: it be Manchester, Boston. I'm just gissing, okay. 1294 01:01:09,680 --> 01:01:13,920 Speaker 2: Fifth full length album follows two records with her Quintech 1295 01:01:14,040 --> 01:01:19,320 Speaker 2: Golden Highway. She's California born, aren't they all? But Nashville based, 1296 01:01:19,360 --> 01:01:23,120 Speaker 2: aren't they all? Anyway? We get to the promotion you 1297 01:01:23,200 --> 01:01:26,280 Speaker 2: really need, which is on the twelve tracks forty six 1298 01:01:26,400 --> 01:01:30,360 Speaker 2: minutes of Molly Tupple. It is aimed a fast day 1299 01:01:30,440 --> 01:01:32,840 Speaker 2: time for politics Wednesday, and Ginny Anders is with us, 1300 01:01:32,920 --> 01:01:36,000 Speaker 2: very good morning to you, good morning, and Mirk Mitchell's 1301 01:01:36,000 --> 01:01:37,400 Speaker 2: with us from Mark A very good morning. 1302 01:01:37,160 --> 01:01:39,240 Speaker 5: To you, morning morning, Mike, Molly. 1303 01:01:39,440 --> 01:01:44,080 Speaker 2: Now, Ginny, what happened yesterday? 1304 01:01:46,040 --> 01:01:51,480 Speaker 15: I got up tea and coffee. The stretchers, my stretchers, 1305 01:01:51,880 --> 01:01:54,240 Speaker 15: just for the record, yoga yoga. 1306 01:01:54,400 --> 01:01:58,480 Speaker 2: Okay, just for the record, Just for the record, no 1307 01:01:58,520 --> 01:02:01,680 Speaker 2: money has ever exchanged hands. So my advice to you 1308 01:02:01,840 --> 01:02:05,400 Speaker 2: is free and it's it's and I'm agnostic on parties 1309 01:02:05,400 --> 01:02:07,280 Speaker 2: on the so I'm happy to help anybody. But if 1310 01:02:07,320 --> 01:02:10,040 Speaker 2: I am going to help you, Ginny, you've got to 1311 01:02:10,080 --> 01:02:13,040 Speaker 2: follow my advice. And I just I didn't like what 1312 01:02:13,080 --> 01:02:16,920 Speaker 2: I saw yesterday and fair enough, and things went awry, 1313 01:02:17,040 --> 01:02:17,480 Speaker 2: didn't they? 1314 01:02:18,480 --> 01:02:20,840 Speaker 15: Well, I thought, you know, there was there were some 1315 01:02:20,920 --> 01:02:22,960 Speaker 15: good moments in there. There were some highlights for me. 1316 01:02:23,080 --> 01:02:25,360 Speaker 15: I'm not speaking for both of us clearly, but there 1317 01:02:25,400 --> 01:02:26,760 Speaker 15: are a few high high points for me. 1318 01:02:28,000 --> 01:02:30,880 Speaker 5: I agree with you, Mike, she completely departed from your advice. 1319 01:02:30,960 --> 01:02:36,440 Speaker 5: Bush was on fire and completely totally Question Time go 1320 01:02:36,520 --> 01:02:37,000 Speaker 5: back and watch. 1321 01:02:37,320 --> 01:02:39,479 Speaker 15: He got pretty angry again if that was the fire, 1322 01:02:39,480 --> 01:02:40,720 Speaker 15: he got pretty florry. 1323 01:02:40,800 --> 01:02:42,560 Speaker 3: Well angry. 1324 01:02:42,880 --> 01:02:44,960 Speaker 2: Let me show you how it's done. Listen, listen, listen 1325 01:02:44,960 --> 01:02:47,120 Speaker 2: to what I regard as the highlight of Question Time 1326 01:02:47,200 --> 01:02:48,320 Speaker 2: yesterday when. 1327 01:02:48,480 --> 01:02:51,320 Speaker 16: The Minister listened to Mike Costking who said that nickol 1328 01:02:51,440 --> 01:02:55,760 Speaker 16: Willis's super Marc announcement was quote get another diatribe about 1329 01:02:55,760 --> 01:02:58,000 Speaker 16: what needs to be done, What could be done and 1330 01:02:58,040 --> 01:03:01,400 Speaker 16: what might be done? Quote a speech have hopeless contradictions 1331 01:03:01,560 --> 01:03:03,960 Speaker 16: and quote for a government with an image of more 1332 01:03:04,000 --> 01:03:07,120 Speaker 16: talk than action. She didn't do anything to help that reputation. 1333 01:03:07,680 --> 01:03:10,120 Speaker 2: Now what did Bishop do apart from go red in 1334 01:03:10,120 --> 01:03:11,240 Speaker 2: the face and he had nowhere to go? 1335 01:03:11,280 --> 01:03:11,520 Speaker 15: Did he? 1336 01:03:11,600 --> 01:03:11,960 Speaker 2: Ginny? 1337 01:03:12,640 --> 01:03:14,480 Speaker 15: Well, I think you just need to criticize the government 1338 01:03:14,520 --> 01:03:16,160 Speaker 15: more and then we'll get some great quotes to be 1339 01:03:16,200 --> 01:03:18,880 Speaker 15: able to use again question time. It's a win one situation. 1340 01:03:19,560 --> 01:03:23,240 Speaker 5: What I like, the only stick they've got to lean 1341 01:03:23,280 --> 01:03:25,720 Speaker 5: on an opposition, as you like when they when they 1342 01:03:25,880 --> 01:03:28,080 Speaker 5: when they failed to take the advice that you're helpfully 1343 01:03:28,080 --> 01:03:30,680 Speaker 5: giving them, they have a complete disaster in the house. 1344 01:03:30,800 --> 01:03:33,320 Speaker 2: I don't know what to do because what I liked 1345 01:03:33,320 --> 01:03:34,920 Speaker 2: about it actually, and you can pass this on. I 1346 01:03:34,920 --> 01:03:36,800 Speaker 2: don't know Rena from a bar of soap, but please 1347 01:03:36,840 --> 01:03:40,520 Speaker 2: pass it on her delivery, because when Brooke quoted me 1348 01:03:40,560 --> 01:03:44,120 Speaker 2: a couple of weeks ago, she butchered it, whereas Arena 1349 01:03:44,320 --> 01:03:45,720 Speaker 2: just delivered it beautifully. 1350 01:03:45,880 --> 01:03:48,520 Speaker 15: And can you as good in the house. Yeah, I'll 1351 01:03:48,520 --> 01:03:51,360 Speaker 15: pass it on. I'll pass it on. She's probably already listening, 1352 01:03:51,360 --> 01:03:53,240 Speaker 15: but I'll make sure she hears by passing it on 1353 01:03:53,320 --> 01:03:53,760 Speaker 15: when I see it. 1354 01:03:53,880 --> 01:03:57,400 Speaker 2: No, that was high quality stuff. Do we want to 1355 01:03:57,400 --> 01:04:02,600 Speaker 2: talk about Palestine because I'm so over and I just 1356 01:04:02,680 --> 01:04:04,960 Speaker 2: don't know Mark from your side of the equation, and 1357 01:04:05,360 --> 01:04:07,280 Speaker 2: don't tell me what happened. But I mean, so you 1358 01:04:07,360 --> 01:04:10,080 Speaker 2: declear Palestina state for what. 1359 01:04:12,800 --> 01:04:15,240 Speaker 5: So basically that is I'm not going to comment on that. 1360 01:04:15,240 --> 01:04:17,040 Speaker 5: That is a decision for the foreignerists and the Prime 1361 01:04:17,040 --> 01:04:18,960 Speaker 5: ministers to work through, and they've been thoughtful about how 1362 01:04:18,960 --> 01:04:21,640 Speaker 5: they do that. Our primary concern at the moment is 1363 01:04:21,640 --> 01:04:25,000 Speaker 5: getting aid into Gaza to make sure that people are 1364 01:04:25,000 --> 01:04:28,960 Speaker 5: actually getting the basics that they need. It's obviously a 1365 01:04:28,960 --> 01:04:32,360 Speaker 5: tragedy on every level. But the work that I've been 1366 01:04:32,400 --> 01:04:34,920 Speaker 5: doing is ethnic Communities Minister is quite simply putting a 1367 01:04:34,920 --> 01:04:37,520 Speaker 5: piece of cord together that we signed at Government House 1368 01:04:37,560 --> 01:04:41,800 Speaker 5: two weeks ago with our Muslim and Jewish leaders to 1369 01:04:41,880 --> 01:04:44,440 Speaker 5: make sure that the conflict that we currently set whatness 1370 01:04:44,440 --> 01:04:47,160 Speaker 5: scene around the world, not just Israel and Gaza, but 1371 01:04:47,200 --> 01:04:49,760 Speaker 5: the global conflict doesn't wash up on our shores here 1372 01:04:49,800 --> 01:04:50,360 Speaker 5: in New Zealand. 1373 01:04:50,520 --> 01:04:52,959 Speaker 2: No, well it hasn't so far, see Jinny. I mean, 1374 01:04:53,680 --> 01:04:57,120 Speaker 2: as altruistic as it may seem, what's the point of 1375 01:04:57,200 --> 01:04:58,920 Speaker 2: doing stuff that makes no difference. 1376 01:05:00,160 --> 01:05:02,480 Speaker 15: Well, how do we know that? I mean we know that. 1377 01:05:02,480 --> 01:05:04,560 Speaker 2: Because one hundred and fifty countries have already done it. 1378 01:05:05,360 --> 01:05:09,520 Speaker 15: Well that the important point, I believe is that we 1379 01:05:09,560 --> 01:05:12,439 Speaker 15: need to take united stand against what we're seeing, which 1380 01:05:12,520 --> 01:05:15,080 Speaker 15: is children dying from starvation. 1381 01:05:15,520 --> 01:05:17,560 Speaker 2: I think that's separate to declaring statehood. 1382 01:05:18,640 --> 01:05:20,680 Speaker 15: Yes, but if it can go some way to try 1383 01:05:20,720 --> 01:05:22,080 Speaker 15: and stop there. 1384 01:05:21,960 --> 01:05:23,720 Speaker 2: But it doesn't destruction of life. 1385 01:05:23,840 --> 01:05:26,360 Speaker 15: But well, if there's a hope there, I think there's 1386 01:05:26,400 --> 01:05:28,720 Speaker 15: worth while trying to instead of just standing back and living. 1387 01:05:28,760 --> 01:05:31,760 Speaker 8: The point is. 1388 01:05:31,720 --> 01:05:34,240 Speaker 5: Hamas, and you don't want to don't to want to 1389 01:05:34,280 --> 01:05:37,560 Speaker 5: address Hamas for some reason, who are a terrorist group, 1390 01:05:37,600 --> 01:05:40,480 Speaker 5: who are responsible for the awful tech on Israel on 1391 01:05:40,560 --> 01:05:43,760 Speaker 5: seventh October and the atrocities that occurred there that sparked 1392 01:05:43,800 --> 01:05:46,400 Speaker 5: this conflict. And also they've got a whole heap of 1393 01:05:47,320 --> 01:05:50,640 Speaker 5: hostages that haven't been released and returned yet, so that 1394 01:05:50,800 --> 01:05:52,920 Speaker 5: issue has to be dealt with as well. I agree 1395 01:05:52,960 --> 01:05:56,120 Speaker 5: with you. The humanitarian disaster up you is awful. The 1396 01:05:56,160 --> 01:05:58,920 Speaker 5: international community should be doing everything we do can do 1397 01:05:59,000 --> 01:06:02,800 Speaker 5: to get aid into there. We all know that it 1398 01:06:02,840 --> 01:06:05,240 Speaker 5: needs a two state solution that quite simply is going 1399 01:06:05,280 --> 01:06:08,440 Speaker 5: to be put together by the leadership of the Palestine, 1400 01:06:08,440 --> 01:06:14,560 Speaker 5: the Palestinian people and the Israeli people. Well, in the 1401 01:06:14,560 --> 01:06:16,160 Speaker 5: long term years, those are the only two. 1402 01:06:16,960 --> 01:06:19,000 Speaker 15: I mean, that's the point, isn't it. Mark That Yes, 1403 01:06:19,040 --> 01:06:20,960 Speaker 15: I completely agree with you that we need a two 1404 01:06:20,960 --> 01:06:23,840 Speaker 15: state solution, but what we're seeing over there right now 1405 01:06:24,000 --> 01:06:24,680 Speaker 15: isn't looking like. 1406 01:06:24,640 --> 01:06:27,840 Speaker 2: That is national and so we need more. 1407 01:06:28,480 --> 01:06:31,160 Speaker 15: And that is the point of standing together united as 1408 01:06:31,200 --> 01:06:33,280 Speaker 15: it puts as much pressure as possible for a two 1409 01:06:33,280 --> 01:06:34,400 Speaker 15: state solution to occur. 1410 01:06:35,000 --> 01:06:36,120 Speaker 2: All right, we all want to. 1411 01:06:36,080 --> 01:06:38,480 Speaker 5: Make a state solution. But I'm just all I'm saying, like, 1412 01:06:38,680 --> 01:06:41,200 Speaker 5: is this Having lived up there for twelve years, some 1413 01:06:41,240 --> 01:06:42,880 Speaker 5: of my closest friends are Arabs. I lived in the 1414 01:06:42,880 --> 01:06:44,480 Speaker 5: Middle East for twelve years. I've got a pretty good 1415 01:06:44,520 --> 01:06:48,480 Speaker 5: feeling about what's going on, about what the locals think 1416 01:06:48,480 --> 01:06:50,880 Speaker 5: about it. And that is quite simply that, yes, everyone 1417 01:06:50,920 --> 01:06:53,240 Speaker 5: wants a two state solution. No one can see a 1418 01:06:53,240 --> 01:06:55,120 Speaker 5: peaceful outcome for the Middle East until there is a 1419 01:06:55,160 --> 01:06:57,880 Speaker 5: two state solution. But the two groups that are going 1420 01:06:57,920 --> 01:07:00,960 Speaker 5: to drive that is a responsible Palestinian voted in by 1421 01:07:00,960 --> 01:07:04,760 Speaker 5: the Pillaston's responsible. 1422 01:07:04,400 --> 01:07:07,480 Speaker 2: Yeah, but that's the problem though. Every time they vote, 1423 01:07:07,480 --> 01:07:09,280 Speaker 2: they vote for our mass. Let's not dig ourselves a 1424 01:07:09,320 --> 01:07:11,440 Speaker 2: big enough whole. Do you want to talk about Willow Jean? 1425 01:07:11,560 --> 01:07:15,640 Speaker 2: Right after the break, Jinny, why not cool? It's fourteen 1426 01:07:15,720 --> 01:07:16,440 Speaker 2: past eight. 1427 01:07:17,320 --> 01:07:21,320 Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeart Radio 1428 01:07:21,560 --> 01:07:22,720 Speaker 1: powered by News Talks. 1429 01:07:22,720 --> 01:07:25,960 Speaker 2: It be News Talks, will be sixteen past. Jenny Anderson, 1430 01:07:26,000 --> 01:07:28,720 Speaker 2: Mark Mitchell, Weather's just for just a programming note, Jenny, 1431 01:07:28,760 --> 01:07:29,560 Speaker 2: are you under the weather? 1432 01:07:30,680 --> 01:07:31,760 Speaker 15: I am a little bit yes. 1433 01:07:32,360 --> 01:07:34,520 Speaker 2: Is there something going around? Because as listened to Bishop 1434 01:07:34,600 --> 01:07:36,640 Speaker 2: yesterday in the house, he sounded under the weather as well. 1435 01:07:36,720 --> 01:07:38,640 Speaker 2: Is there is there a bug all over the place? 1436 01:07:39,600 --> 01:07:41,280 Speaker 5: It flew some sort of flu going around. 1437 01:07:41,280 --> 01:07:43,200 Speaker 15: At the moment, we had like a sort of a 1438 01:07:43,240 --> 01:07:46,240 Speaker 15: three week sitting session and then a recess where we 1439 01:07:46,280 --> 01:07:48,480 Speaker 15: all went a lot to play for our for outside anyway. 1440 01:07:48,800 --> 01:07:51,640 Speaker 15: I went from Auckland to Queens Sound to christ Church 1441 01:07:51,920 --> 01:07:54,400 Speaker 15: and Becky Game and then you're back into a sitting session. 1442 01:07:54,440 --> 01:07:56,120 Speaker 15: So I think at times like that, where you just 1443 01:07:56,360 --> 01:07:59,080 Speaker 15: keep going and it's winter, you just get exposed to 1444 01:07:59,240 --> 01:08:00,280 Speaker 15: thinking about run. 1445 01:08:00,360 --> 01:08:03,360 Speaker 2: Okay, would that be Willow Jene Prime's excuse for not 1446 01:08:03,400 --> 01:08:04,200 Speaker 2: answering the email. 1447 01:08:06,240 --> 01:08:09,040 Speaker 15: Well, I think we've covered that one well and good 1448 01:08:09,160 --> 01:08:13,240 Speaker 15: that she stated that she could have communicated better in 1449 01:08:13,280 --> 01:08:13,720 Speaker 15: that space. 1450 01:08:13,880 --> 01:08:17,479 Speaker 2: And so what do you like her? She seems lazy, 1451 01:08:17,720 --> 01:08:20,200 Speaker 2: not to put too fine a point on it, I like. 1452 01:08:20,240 --> 01:08:22,759 Speaker 15: You very much and know she's definitely not. She works 1453 01:08:22,760 --> 01:08:26,160 Speaker 15: incredibly hard and she's been working really well in that 1454 01:08:26,320 --> 01:08:30,000 Speaker 15: education portfolio. Take a good look at the areas well 1455 01:08:30,200 --> 01:08:33,920 Speaker 15: to really understand why are we taking six weeks to 1456 01:08:34,000 --> 01:08:35,439 Speaker 15: consult on a major overhaul. 1457 01:08:35,600 --> 01:08:38,040 Speaker 2: But the weird thing was too she was out there 1458 01:08:38,400 --> 01:08:41,040 Speaker 2: talking to a sector and she said, I'm talking with 1459 01:08:41,040 --> 01:08:42,760 Speaker 2: the sector. I'm talking with the sector, and what the 1460 01:08:42,760 --> 01:08:45,320 Speaker 2: sector is telling me is there's too much secrecy going on. 1461 01:08:45,400 --> 01:08:47,240 Speaker 2: So surely at that point you'd go, well, I'll tell 1462 01:08:47,240 --> 01:08:49,280 Speaker 2: you what sector. I'm going to go talk to my 1463 01:08:49,400 --> 01:08:52,439 Speaker 2: friend Erica. Who's gonna who's invited me to tell me 1464 01:08:52,479 --> 01:08:56,000 Speaker 2: all about it, wouldn't you instead of saying that secret. 1465 01:08:56,000 --> 01:08:58,280 Speaker 15: I hear what you're saying. But let me be very clear, 1466 01:08:58,400 --> 01:09:01,439 Speaker 15: she is working incredibly hard to understand what those changes 1467 01:09:01,479 --> 01:09:04,800 Speaker 15: mean for children. Any appearance and the fact that they're 1468 01:09:04,840 --> 01:09:06,800 Speaker 15: chucking stuff and like AI is going to check it 1469 01:09:06,880 --> 01:09:09,720 Speaker 15: without anyone knowing what that means. It's right that she 1470 01:09:09,800 --> 01:09:12,240 Speaker 15: gets stuck in and asks those questions, and part of 1471 01:09:12,240 --> 01:09:14,040 Speaker 15: that work is to eric. 1472 01:09:14,600 --> 01:09:18,320 Speaker 5: Erica invited her months ago to engage, not once. 1473 01:09:19,960 --> 01:09:21,880 Speaker 2: I almost feel sorry for you, Jenny. I mean, it's 1474 01:09:21,920 --> 01:09:24,040 Speaker 2: indefensible and you can't defend her, and I've done a 1475 01:09:24,040 --> 01:09:26,040 Speaker 2: way you'd bother about having said that. Well, what about 1476 01:09:26,040 --> 01:09:28,519 Speaker 2: her claims about the meth use and the fight clubs? 1477 01:09:28,560 --> 01:09:30,400 Speaker 2: That turns out again true. 1478 01:09:31,400 --> 01:09:34,479 Speaker 5: I mean again those are the who's. 1479 01:09:35,320 --> 01:09:38,240 Speaker 2: Well, both of you, anyone who wants to those clubs 1480 01:09:38,280 --> 01:09:38,639 Speaker 2: and the myth. 1481 01:09:39,600 --> 01:09:42,400 Speaker 5: Well, well, the problem with that is they are extremely 1482 01:09:42,400 --> 01:09:44,360 Speaker 5: serious allegations. So she doesn't seem to be able to 1483 01:09:44,360 --> 01:09:49,080 Speaker 5: back it up, and everyone's going, what are you talking about? Well, yeah, 1484 01:09:49,120 --> 01:09:52,439 Speaker 5: which which you know she won't come forward with. So yeah, no, 1485 01:09:52,520 --> 01:09:54,680 Speaker 5: it looks like that's a whole lot of rubbish. It's 1486 01:09:54,720 --> 01:09:58,479 Speaker 5: it's really serious allegations. The Minister, of course, will have 1487 01:09:58,479 --> 01:09:59,760 Speaker 5: a look at that, but the reflect of the matter 1488 01:09:59,880 --> 01:10:01,880 Speaker 5: is he hasn't even been able to substantiate. 1489 01:10:01,920 --> 01:10:05,040 Speaker 24: Do you know who hot source is, Jinny, I do 1490 01:10:05,120 --> 01:10:07,160 Speaker 24: not have that information, but it does point to the 1491 01:10:07,160 --> 01:10:10,000 Speaker 24: fact that there have been really serious concerns raised around 1492 01:10:10,000 --> 01:10:14,639 Speaker 24: those bookkeemps that eighty percent reoffending goes to the point 1493 01:10:14,720 --> 01:10:17,080 Speaker 24: that they don't work, and there have been some really 1494 01:10:17,160 --> 01:10:19,439 Speaker 24: questionable issues in the past. 1495 01:10:19,720 --> 01:10:21,720 Speaker 15: I think it's only right that we ask that they're 1496 01:10:21,720 --> 01:10:24,720 Speaker 15: being run appropriately. Now give it. Can I finish place? 1497 01:10:24,920 --> 01:10:27,880 Speaker 2: You can't ask with false allegations though it's not that 1498 01:10:27,960 --> 01:10:29,679 Speaker 2: sort of suggesting something it isn't happening. 1499 01:10:29,720 --> 01:10:33,240 Speaker 15: Well, there's no evidence that they're false allegations. The Minister 1500 01:10:33,320 --> 01:10:35,760 Speaker 15: has taken a look and we're interested to know if 1501 01:10:35,800 --> 01:10:37,800 Speaker 15: anything more comes to light. If it's not, that's a 1502 01:10:37,840 --> 01:10:39,120 Speaker 15: good thing. It means that they're safe. 1503 01:10:39,320 --> 01:10:42,639 Speaker 5: Well, they are false allegations. If you can't cooperate them, 1504 01:10:42,680 --> 01:10:45,360 Speaker 5: you can't come forward with serious allegations. Lot there that 1505 01:10:45,439 --> 01:10:47,519 Speaker 5: put sustained across all of those people that are working 1506 01:10:47,560 --> 01:10:51,000 Speaker 5: hard in those youth justice facilities and say, oh, we 1507 01:10:51,040 --> 01:10:52,360 Speaker 5: can just come out with allegations. 1508 01:10:52,520 --> 01:10:55,640 Speaker 2: I actually thought Ginny to be fair, the two who 1509 01:10:55,720 --> 01:10:58,160 Speaker 2: didn't reoffend, I know, eighties high, but I mean these 1510 01:10:58,160 --> 01:10:59,840 Speaker 2: were the worst of the worst. The two who didn't 1511 01:10:59,840 --> 01:11:02,400 Speaker 2: real I thought was sort of nothing, sort of a miracle. 1512 01:11:03,520 --> 01:11:06,639 Speaker 15: Well, it's nothing we're compared to nothing. It's nothing compared 1513 01:11:06,680 --> 01:11:08,759 Speaker 15: to what the results we were seeing from the Fast 1514 01:11:08,760 --> 01:11:11,719 Speaker 15: Track program which runs in South Auckland, which is around 1515 01:11:11,800 --> 01:11:17,280 Speaker 15: eighty percent not reoffending that program. That program is still 1516 01:11:17,280 --> 01:11:19,920 Speaker 15: in place because this government knows it works, and it 1517 01:11:20,000 --> 01:11:22,679 Speaker 15: was the one single factor that I believe drove ound 1518 01:11:23,360 --> 01:11:25,080 Speaker 15: rate offending so very quickly. 1519 01:11:25,080 --> 01:11:27,759 Speaker 5: On this, I agree with you that the whole purpose 1520 01:11:27,840 --> 01:11:30,759 Speaker 5: of the Youth Military Academy is they fail and fast 1521 01:11:30,800 --> 01:11:33,639 Speaker 5: Tracked they fail everywhere and they go into the adult 1522 01:11:33,640 --> 01:11:36,400 Speaker 5: youth justice system. These are the worst youth offenders, the 1523 01:11:36,600 --> 01:11:40,439 Speaker 5: serious violent recidivius defenders. You need to have a strong intervention. 1524 01:11:40,920 --> 01:11:43,000 Speaker 5: That's exactly what the academy is set up for. And 1525 01:11:43,040 --> 01:11:45,800 Speaker 5: I agree with you it has been very successful because 1526 01:11:45,800 --> 01:11:48,200 Speaker 5: although it hasn't turned off the tap and they've stopped 1527 01:11:48,240 --> 01:11:50,400 Speaker 5: offending overnight, that's not going to happen. They're all older 1528 01:11:50,560 --> 01:11:52,640 Speaker 5: kids that have been offending for a long time. The 1529 01:11:52,720 --> 01:11:56,120 Speaker 5: seriousness of the offending is reducing the the and the 1530 01:11:56,160 --> 01:11:59,120 Speaker 5: amount of offending is also reducing. So this is hitting 1531 01:11:59,120 --> 01:12:00,760 Speaker 5: in the right direction, not going to stop it. 1532 01:12:00,960 --> 01:12:02,200 Speaker 2: Wimitted to it. 1533 01:12:02,200 --> 01:12:04,360 Speaker 15: Evidence said that they wouldn't work, and the results show 1534 01:12:04,400 --> 01:12:09,880 Speaker 15: that they haven't worked. I mean, how much did that cost? 1535 01:12:09,920 --> 01:12:10,080 Speaker 20: Mike? 1536 01:12:10,160 --> 01:12:13,160 Speaker 2: That was the cost? Questions are the cost? It's fair cool. 1537 01:12:13,320 --> 01:12:16,760 Speaker 2: But having having said that, if you let things linger infester, 1538 01:12:17,400 --> 01:12:20,120 Speaker 2: which have, it's going to cost you more. It's like 1539 01:12:20,200 --> 01:12:21,800 Speaker 2: you don't paint your house off and enough, it's going 1540 01:12:21,800 --> 01:12:22,519 Speaker 2: to cost you more when. 1541 01:12:22,439 --> 01:12:22,840 Speaker 13: You did. 1542 01:12:25,320 --> 01:12:31,120 Speaker 9: Soproachate the result So the resulting the program is quite 1543 01:12:31,160 --> 01:12:34,280 Speaker 9: simply there's been a reduction in the offending, which means 1544 01:12:34,280 --> 01:12:35,400 Speaker 9: a reduction of victims. 1545 01:12:35,680 --> 01:12:38,040 Speaker 5: There's been a reduction in the seriousness of the offending, 1546 01:12:38,320 --> 01:12:41,280 Speaker 5: which is good for the for everyone. And by the way, 1547 01:12:41,360 --> 01:12:43,960 Speaker 5: if we didn't make this intervention, Ginny, they are on 1548 01:12:44,000 --> 01:12:47,439 Speaker 5: a fast track into the adult criminal justice system. So yes, 1549 01:12:47,640 --> 01:12:50,920 Speaker 5: it's a really tough intervention. It's an important one. It's 1550 01:12:50,920 --> 01:12:53,440 Speaker 5: not exactly where we want it to be because we're 1551 01:12:53,560 --> 01:12:56,040 Speaker 5: changing legislation to make sure they can stay longer. We 1552 01:12:56,080 --> 01:12:57,639 Speaker 5: always said it had to be up to twelve months. 1553 01:12:57,680 --> 01:12:59,800 Speaker 5: Currently the legislation only allows three months. 1554 01:12:59,840 --> 01:13:02,840 Speaker 2: And you got it's pretty good. You've got thirty seconds, 1555 01:13:02,880 --> 01:13:03,280 Speaker 2: Jenny go. 1556 01:13:04,479 --> 01:13:07,160 Speaker 15: What we put that program in place in South Bookland 1557 01:13:07,160 --> 01:13:08,560 Speaker 15: called I Hate It for Carl and then it was 1558 01:13:08,600 --> 01:13:11,519 Speaker 15: called Circuit breaker, and that is the single biggest success 1559 01:13:11,560 --> 01:13:14,360 Speaker 15: in the youth justice system. It's a full wrap around 1560 01:13:14,360 --> 01:13:17,000 Speaker 15: support that gives the whole family the support, and that's 1561 01:13:17,040 --> 01:13:20,439 Speaker 15: what stops reoffending. Not both don't they don't. 1562 01:13:20,479 --> 01:13:22,360 Speaker 2: You've got to wrap it up. God, don't got to 1563 01:13:22,360 --> 01:13:24,599 Speaker 2: wrap it up. Take take it off here, Mark Mitchell 1564 01:13:24,640 --> 01:13:26,080 Speaker 2: and Jenny Anderson. 1565 01:13:25,720 --> 01:13:26,840 Speaker 1: Ding Ding Ding ding Ding. 1566 01:13:27,040 --> 01:13:28,479 Speaker 2: There will be in a round or two off here 1567 01:13:28,520 --> 01:13:30,280 Speaker 2: before the eight thirty News eight twenty. 1568 01:13:29,960 --> 01:13:34,400 Speaker 1: Three, the Mike Casting Breakfast with Rainthrowver News Tom's dead 1569 01:13:34,400 --> 01:13:36,200 Speaker 1: b Now, if you're looking for the smartest way to 1570 01:13:36,200 --> 01:13:38,639 Speaker 1: boost the old home value in the static old market, 1571 01:13:38,680 --> 01:13:40,000 Speaker 1: then have we got good news for you. 1572 01:13:40,040 --> 01:13:41,920 Speaker 2: The smartest way to do it is with you do 1573 01:13:42,040 --> 01:13:45,360 Speaker 2: it Kitchens. So for fifty years, almost fifty years, this 1574 01:13:45,439 --> 01:13:47,360 Speaker 2: is a very proud key We company. They've been helping 1575 01:13:47,360 --> 01:13:51,479 Speaker 2: the homeowners create superior quality kitchens super affordable prices. So 1576 01:13:51,680 --> 01:13:54,320 Speaker 2: the affordability, how's that work? Well, basically you're doing the 1577 01:13:54,400 --> 01:13:57,800 Speaker 2: design right. So they've got these easy tools. You customize 1578 01:13:57,800 --> 01:14:00,439 Speaker 2: the cabinet sizes no extra cost, can and choose from 1579 01:14:00,439 --> 01:14:02,960 Speaker 2: over thirty five color options. Then once you've locked in 1580 01:14:03,000 --> 01:14:05,960 Speaker 2: that particular design, that you do it. Team Precision manufacture 1581 01:14:06,000 --> 01:14:08,559 Speaker 2: your kitchen right here in the country. Only take seven days. 1582 01:14:08,680 --> 01:14:10,719 Speaker 2: If you can believe it, everything's dispatched to your door. 1583 01:14:11,000 --> 01:14:13,040 Speaker 2: You don't need to be a DIY pro either, because 1584 01:14:13,080 --> 01:14:15,800 Speaker 2: assembly super easy and the local DIY experts they are 1585 01:14:15,840 --> 01:14:18,080 Speaker 2: only an email away and they're going to help you 1586 01:14:18,120 --> 01:14:20,040 Speaker 2: every step of the way. So when the housing market's 1587 01:14:20,040 --> 01:14:22,680 Speaker 2: a bit flat, strategic improvements are your best investments to 1588 01:14:22,720 --> 01:14:25,400 Speaker 2: get the exact kitchen you want, add the real value 1589 01:14:25,400 --> 01:14:27,800 Speaker 2: to your home, save the thousands in the process. You 1590 01:14:27,840 --> 01:14:31,839 Speaker 2: do it, U d UI, you do it. Their customers 1591 01:14:31,880 --> 01:14:33,920 Speaker 2: are very proud to say, and quite rightly, I did 1592 01:14:34,040 --> 01:14:37,519 Speaker 2: it myself. Ask your hotels the best, Mike, how many 1593 01:14:37,560 --> 01:14:39,040 Speaker 2: beers do you have? Allison? We're going back to the 1594 01:14:39,080 --> 01:14:41,120 Speaker 2: Christyuge Hotel. George Hotel's a beautiful hotel. 1595 01:14:41,160 --> 01:14:41,280 Speaker 15: Mike. 1596 01:14:41,320 --> 01:14:44,040 Speaker 2: We're spending five days in christ Jitch November will be 1597 01:14:44,080 --> 01:14:46,759 Speaker 2: the first time in over thirty years. Are you serious? 1598 01:14:47,360 --> 01:14:49,720 Speaker 2: Where have you been? I am looking forward to u 1599 01:14:49,720 --> 01:14:52,200 Speaker 2: seeing the city and enjoying it. James, you probably need 1600 01:14:52,240 --> 01:14:55,439 Speaker 2: more than five days, but as an initial tester taster, 1601 01:14:56,520 --> 01:14:58,800 Speaker 2: get amongst and thoroughly enjoy it and let me know 1602 01:14:58,840 --> 01:15:01,919 Speaker 2: how you're going, Steve across the Tasman the RB yesterday, 1603 01:15:01,960 --> 01:15:04,480 Speaker 2: the big cuts on we'll talk to him next. 1604 01:15:04,840 --> 01:15:09,560 Speaker 1: News opinion and everything in between, the Mike Hosking breakfast 1605 01:15:09,680 --> 01:15:14,160 Speaker 1: with Bailey's real estate altogether better across residential, commercial and 1606 01:15:14,280 --> 01:15:16,080 Speaker 1: rural news talks head been you're. 1607 01:15:15,920 --> 01:15:19,200 Speaker 2: Just discussing before I let me get a text, Mike. 1608 01:15:19,240 --> 01:15:21,840 Speaker 2: The price for Kadrona Hotels around twenty million dollars. Yea, 1609 01:15:21,840 --> 01:15:23,960 Speaker 2: I know it was being reported yesterday. We've got interest 1610 01:15:24,000 --> 01:15:27,479 Speaker 2: from all around the world for this. Not surprisingly I 1611 01:15:27,640 --> 01:15:30,559 Speaker 2: was a mile out at seven or eight million, and 1612 01:15:32,080 --> 01:15:34,040 Speaker 2: so if you're right at twenty million, and that's what 1613 01:15:34,040 --> 01:15:35,600 Speaker 2: it comes out to be, mind you, I put an 1614 01:15:35,640 --> 01:15:37,120 Speaker 2: offer in on a house that's telling you about the 1615 01:15:37,120 --> 01:15:38,519 Speaker 2: other day, and I missed out on that too, So 1616 01:15:38,600 --> 01:15:40,680 Speaker 2: I just might be completely out to lunch. But what 1617 01:15:40,800 --> 01:15:43,240 Speaker 2: we were talking about off here, which is interesting, and this 1618 01:15:43,280 --> 01:15:46,120 Speaker 2: comes out of the RB yesterday in Australia. So one 1619 01:15:46,120 --> 01:15:47,920 Speaker 2: of the things, apart from the cut they made is 1620 01:15:47,960 --> 01:15:50,559 Speaker 2: the GDP is going down to one point they think 1621 01:15:50,600 --> 01:15:53,840 Speaker 2: Michelle as in the Reserve Bank Governor thinks one point seven. Now, 1622 01:15:53,840 --> 01:15:57,120 Speaker 2: what's critical about that? Is the claim here. The forecast 1623 01:15:57,200 --> 01:15:59,840 Speaker 2: here is growth this year is going to be in 1624 01:16:00,040 --> 01:16:03,080 Speaker 2: excess of two. So no one seems to have made 1625 01:16:03,080 --> 01:16:06,759 Speaker 2: a news story out of this or seeing the obvious 1626 01:16:06,800 --> 01:16:09,520 Speaker 2: headline new Zealand is out growing Australia. 1627 01:16:09,960 --> 01:16:11,160 Speaker 21: Green shoots, mate. 1628 01:16:11,000 --> 01:16:13,400 Speaker 2: Green shoots twenty two minutes away from. 1629 01:16:13,320 --> 01:16:17,840 Speaker 19: Nine International correspondence with endsit Eye insurance, peace of mind 1630 01:16:17,880 --> 01:16:18,880 Speaker 19: for New Zealand business. 1631 01:16:19,080 --> 01:16:22,599 Speaker 10: You witch the prices well this morning, mate, careful, what 1632 01:16:22,680 --> 01:16:26,599 Speaker 10: you wish for standard of living in Australia is diving 1633 01:16:27,000 --> 01:16:29,439 Speaker 10: and you better shut the gates because we'll all be 1634 01:16:29,479 --> 01:16:30,360 Speaker 10: on our way over there. 1635 01:16:30,439 --> 01:16:33,400 Speaker 2: Well, it's funny because the reason I raised this on 1636 01:16:33,439 --> 01:16:35,879 Speaker 2: the program quite often is we've lost tens of thousands 1637 01:16:35,880 --> 01:16:40,120 Speaker 2: of New Zealanders to you guys, because you know, obviously 1638 01:16:40,120 --> 01:16:41,800 Speaker 2: no one read the newspapers or worked out what the 1639 01:16:41,800 --> 01:16:44,040 Speaker 2: hell's going on there. But it is fair to say 1640 01:16:44,080 --> 01:16:46,240 Speaker 2: that even though you got your twenty five points yesterday, 1641 01:16:46,760 --> 01:16:49,240 Speaker 2: life short of a bit of sunshine on the Gold 1642 01:16:49,240 --> 01:16:51,880 Speaker 2: Coast and some triple X four XB, it's not as 1643 01:16:52,000 --> 01:16:52,960 Speaker 2: rosy as some here. 1644 01:16:52,960 --> 01:16:56,519 Speaker 18: You might think, Well, it's certainly not. And look we've 1645 01:16:56,560 --> 01:17:00,000 Speaker 18: got lowish inflation now and unemployment rates steady only because 1646 01:17:00,040 --> 01:17:04,599 Speaker 18: we've got massive immigration. So there are really very big 1647 01:17:04,640 --> 01:17:07,960 Speaker 18: problems for that roundtable with the Treasurer next week to 1648 01:17:08,000 --> 01:17:12,759 Speaker 18: sort out. And the standard of living according to Michelle 1649 01:17:12,760 --> 01:17:15,960 Speaker 18: Bullock yesterday, and she kept getting asked about productivity, Now, 1650 01:17:16,240 --> 01:17:20,040 Speaker 18: what is productivity, Well, it's the economy growing minus all 1651 01:17:20,080 --> 01:17:22,360 Speaker 18: of the government jobs where people get paid by the 1652 01:17:22,360 --> 01:17:25,600 Speaker 18: federal and state governments will get paid by NDIS or 1653 01:17:25,640 --> 01:17:29,439 Speaker 18: the doll productivity is you know, it's diving, as you 1654 01:17:29,479 --> 01:17:32,640 Speaker 18: pointed out, and with that comes to standard living. I 1655 01:17:32,640 --> 01:17:35,519 Speaker 18: can tell you I know, and you know two handfuls 1656 01:17:35,520 --> 01:17:37,599 Speaker 18: of people who've been made redundant in the last couple 1657 01:17:37,640 --> 01:17:40,880 Speaker 18: of months, and wages are stagnant. No one's wages are 1658 01:17:40,880 --> 01:17:44,240 Speaker 18: going up. So it's not a rosy picture here at all. 1659 01:17:44,720 --> 01:17:45,960 Speaker 18: And you're right to point that out. 1660 01:17:46,120 --> 01:17:49,960 Speaker 2: That roundtable thing that alban easies. I mean, is anything 1661 01:17:50,080 --> 01:17:52,360 Speaker 2: real going to come out of this? Is this an exercise? 1662 01:17:52,400 --> 01:17:54,000 Speaker 2: And hot ere, I'll. 1663 01:17:53,880 --> 01:17:55,519 Speaker 18: Tell you what reel is going to come out of it. 1664 01:17:55,880 --> 01:18:00,559 Speaker 18: We will cop higher taxes somewhere somehow that's are given 1665 01:18:01,280 --> 01:18:04,000 Speaker 18: because the budget is basically broken and they need to 1666 01:18:04,000 --> 01:18:06,880 Speaker 18: get more revenue. So there will be tax changes that 1667 01:18:06,920 --> 01:18:08,439 Speaker 18: come out of it. That'll be one thing that will 1668 01:18:08,439 --> 01:18:10,840 Speaker 18: come out of it. And then amazingly I read this 1669 01:18:10,880 --> 01:18:13,799 Speaker 18: morning courtesy of the Australian newspaper. But the union movement 1670 01:18:14,320 --> 01:18:16,320 Speaker 18: is going to go and sit at this round table. 1671 01:18:16,360 --> 01:18:19,920 Speaker 18: I mean we talk about roundtable. It is basically a 1672 01:18:19,960 --> 01:18:25,200 Speaker 18: small gathering of business, unions, lobby groups and politicians that 1673 01:18:25,280 --> 01:18:27,840 Speaker 18: will descend on Parliament House for three days next week. 1674 01:18:28,120 --> 01:18:31,000 Speaker 18: So what does the Act take to the table. Well, 1675 01:18:31,000 --> 01:18:34,360 Speaker 18: they want to demand a four day working week for 1676 01:18:34,800 --> 01:18:38,560 Speaker 18: union workers in Australia. They have cited some Swinburn University 1677 01:18:38,640 --> 01:18:43,160 Speaker 18: research which trials something called one hundred eighty one hundred. 1678 01:18:43,560 --> 01:18:47,439 Speaker 18: Now that's where surprise, surprise workers keep one hundred percent 1679 01:18:47,439 --> 01:18:50,320 Speaker 18: of what they were paid for working five days while 1680 01:18:50,360 --> 01:18:54,120 Speaker 18: working eighty percent of their former hours, provided they maintain 1681 01:18:54,200 --> 01:18:58,599 Speaker 18: one hundred percent of productivity. Imagine taking that to that gathering. 1682 01:18:58,640 --> 01:19:01,479 Speaker 18: Given what we heard from them of the Reserve Bank yesterday. 1683 01:19:01,680 --> 01:19:05,719 Speaker 2: Well, Guardian look up, I can't remember his Perpetual Guardian. 1684 01:19:05,760 --> 01:19:09,040 Speaker 2: Look up Perpetual Guardian, which is a company here. They 1685 01:19:09,439 --> 01:19:13,400 Speaker 2: pioneered that they would argue that it's successful, but there's 1686 01:19:13,439 --> 01:19:16,960 Speaker 2: still debate about that. By the way, Rubio, when Rubio 1687 01:19:17,040 --> 01:19:19,880 Speaker 2: goes at you over Palestine, you've got problems. How are 1688 01:19:19,920 --> 01:19:22,280 Speaker 2: you going to If alban Easy was not going to 1689 01:19:22,280 --> 01:19:24,559 Speaker 2: get a meeting with Trump, how does he think he's 1690 01:19:24,560 --> 01:19:25,280 Speaker 2: going to get one now? 1691 01:19:26,160 --> 01:19:28,040 Speaker 18: It's going to be very difficult. I mean he's going 1692 01:19:28,040 --> 01:19:30,080 Speaker 18: to the UN obviously next month, and he's going to 1693 01:19:30,080 --> 01:19:34,120 Speaker 18: talk about Palestine, which doesn't help. And the Foreign Minister 1694 01:19:34,160 --> 01:19:37,920 Speaker 18: Penny Wong has revealed that she's had some discussions Marco Rubio, 1695 01:19:37,960 --> 01:19:40,439 Speaker 18: the Secretary of State. She actually gave him fore warning 1696 01:19:40,479 --> 01:19:42,679 Speaker 18: of what we're going to do. Well overnight, Rubio comes 1697 01:19:42,680 --> 01:19:46,960 Speaker 18: out goes, well, this is meaningless. He says that the 1698 01:19:47,000 --> 01:19:51,280 Speaker 18: move to recognize Palestine, he said, our government Australia and 1699 01:19:51,439 --> 01:19:53,680 Speaker 18: you can include France and Canada and the UK, and 1700 01:19:53,760 --> 01:19:58,040 Speaker 18: that bowing to domestic anti Israel sentiment. Now he's absolutely 1701 01:19:58,080 --> 01:20:01,960 Speaker 18: one hundred percent correct. Is quoted as saying it's symbolic. 1702 01:20:02,000 --> 01:20:05,560 Speaker 18: They're doing it primarily for one reason, their internal politics 1703 01:20:05,600 --> 01:20:09,559 Speaker 18: and their domestic politics. Bang spot on. He has nailed it. 1704 01:20:09,640 --> 01:20:15,559 Speaker 18: That's exactly what's happening. And you know, several commentators yesterday 1705 01:20:15,600 --> 01:20:19,320 Speaker 18: were suggesting this is more about keeping votes in seats 1706 01:20:19,360 --> 01:20:21,880 Speaker 18: in Sydney and Melbourne right than it is about anything 1707 01:20:21,920 --> 01:20:23,479 Speaker 18: to do with a real solution in the middle. 1708 01:20:23,520 --> 01:20:25,519 Speaker 2: Egine, Well, I'm sure that's true. I was watching the 1709 01:20:25,520 --> 01:20:27,960 Speaker 2: interview with Penny Wong that Karen Gilbert was doing on 1710 01:20:28,000 --> 01:20:33,000 Speaker 2: Sky yesterday and she couldn't contain It's just, I mean, 1711 01:20:33,200 --> 01:20:37,040 Speaker 2: she can't even hide the fact that she's clearly fantastically 1712 01:20:37,040 --> 01:20:40,320 Speaker 2: pro Palestinian, cannot often enough to states silly. I mean, 1713 01:20:40,360 --> 01:20:42,200 Speaker 2: she's like, this is a dream come true. This is 1714 01:20:42,200 --> 01:20:43,360 Speaker 2: like Christmas for her, isn't it? 1715 01:20:43,920 --> 01:20:45,960 Speaker 18: Absolutely? And I've said this to you before. It's in 1716 01:20:46,040 --> 01:20:48,760 Speaker 18: the DNA of Pennywong and Anthony Albernezi they would have 1717 01:20:49,479 --> 01:20:54,400 Speaker 18: they were at university as young, young Australians dreaming of 1718 01:20:54,479 --> 01:20:57,559 Speaker 18: the day that Palestine would be recognized as a state. 1719 01:20:57,960 --> 01:21:00,160 Speaker 18: And I'm not making that up. That's exactly what they 1720 01:21:00,160 --> 01:21:03,600 Speaker 18: were dreaming. And can you imagine what Anthony Albernize is 1721 01:21:03,600 --> 01:21:05,640 Speaker 18: going to be feeling when he's strutting the stage in 1722 01:21:05,680 --> 01:21:09,320 Speaker 18: New York at the un the next month announcing that 1723 01:21:09,360 --> 01:21:11,559 Speaker 18: Australia signed up to this. I mean there's a lot 1724 01:21:11,600 --> 01:21:13,680 Speaker 18: of anger in Australia, but Ian at the end of 1725 01:21:13,680 --> 01:21:15,920 Speaker 18: the day, it's an issue a long way away, and 1726 01:21:15,920 --> 01:21:17,479 Speaker 18: people are more worried about cost of living. 1727 01:21:17,600 --> 01:21:21,679 Speaker 2: Well exactly, Snoop Dogg. I would, under normal circumstance laugh 1728 01:21:21,720 --> 01:21:24,080 Speaker 2: at you. But I did see him and a bunch 1729 01:21:24,120 --> 01:21:27,600 Speaker 2: of other rappers did the Super Bowl maybe two or 1730 01:21:27,600 --> 01:21:30,200 Speaker 2: three Super bowls ago in Los Angeles, and they actually 1731 01:21:30,240 --> 01:21:33,479 Speaker 2: put together quite a good show. I don't know he 1732 01:21:33,560 --> 01:21:35,760 Speaker 2: by himself is any good. But how's that gone down? 1733 01:21:36,680 --> 01:21:36,760 Speaker 15: Well? 1734 01:21:36,800 --> 01:21:38,200 Speaker 18: Have you read any of his lyrics? 1735 01:21:38,240 --> 01:21:42,000 Speaker 2: Oh, of course it's not really Australian. It's not really 1736 01:21:42,040 --> 01:21:43,840 Speaker 2: afl is it. I mean, it's like. 1737 01:21:44,280 --> 01:21:47,920 Speaker 18: We're importing a convicted criminal to stand on the stage. 1738 01:21:48,240 --> 01:21:48,400 Speaker 2: Now. 1739 01:21:48,400 --> 01:21:50,920 Speaker 18: He's going to have to be very careful what he raps, 1740 01:21:51,080 --> 01:21:55,360 Speaker 18: what songs he chooses. But that's a daytime event, largely 1741 01:21:55,439 --> 01:21:59,040 Speaker 18: attended by young kids, a lot of women. I just 1742 01:21:59,040 --> 01:22:00,880 Speaker 18: find it a very odd choice. I mean, we've had 1743 01:22:00,880 --> 01:22:06,479 Speaker 18: some very good choices, Robbie Williams, Katy Perry, obviously meat Loaf. 1744 01:22:07,160 --> 01:22:10,240 Speaker 18: As I understand, you played a small grab of our 1745 01:22:10,240 --> 01:22:13,920 Speaker 18: friend meat Li, who completely made a fool of himself 1746 01:22:13,920 --> 01:22:15,600 Speaker 18: when he tried to do it. Yes, but I mean 1747 01:22:15,640 --> 01:22:17,880 Speaker 18: you can go back. I mean the one act they 1748 01:22:17,920 --> 01:22:20,360 Speaker 18: ought to have been trying to get his ac DC. Obviously, 1749 01:22:20,479 --> 01:22:22,719 Speaker 18: he is the most famous rock band in the world 1750 01:22:23,040 --> 01:22:25,840 Speaker 18: and you can go back and celebrate sport. I don't 1751 01:22:25,880 --> 01:22:27,880 Speaker 18: know why we keep paying and these people have played 1752 01:22:27,920 --> 01:22:30,640 Speaker 18: millions of dollars. I was at a grand file at 1753 01:22:30,640 --> 01:22:32,800 Speaker 18: the mcg in one of the great moments in my life. 1754 01:22:32,920 --> 01:22:36,080 Speaker 18: Muhammed Ali was driven around the ground in an open 1755 01:22:36,120 --> 01:22:39,320 Speaker 18: top car. I got to see Muhammad Ali. Why are 1756 01:22:39,439 --> 01:22:40,759 Speaker 18: we doing things like that anymore? 1757 01:22:40,840 --> 01:22:42,599 Speaker 2: That's a good point. That's a very good point. Wall 1758 01:22:43,120 --> 01:22:44,840 Speaker 2: what do you pay? It was what do Williams give 1759 01:22:44,920 --> 01:22:47,720 Speaker 2: five millions? It's literally millions, isn't it. It's like a 1760 01:22:47,880 --> 01:22:48,519 Speaker 2: major gig. 1761 01:22:48,640 --> 01:22:52,360 Speaker 18: Oh yeah, yeah, he for one one show and he'll 1762 01:22:52,360 --> 01:22:54,120 Speaker 18: probably then go on and do a tour around the 1763 01:22:54,120 --> 01:22:58,320 Speaker 18: rest of Australia. So yeah. I think they were talking 1764 01:22:58,400 --> 01:23:00,519 Speaker 18: at one point trying to get Bruce Spring and they 1765 01:23:00,520 --> 01:23:03,120 Speaker 18: couldn't afford him. But it's something like five or six 1766 01:23:03,160 --> 01:23:04,880 Speaker 18: million dollars for one. 1767 01:23:04,520 --> 01:23:06,240 Speaker 2: Not bad, all right, mate, go well, we'll see you 1768 01:23:06,280 --> 01:23:08,000 Speaker 2: next week. Steve Price out of Australia by the way, 1769 01:23:08,080 --> 01:23:10,120 Speaker 2: just picking up on that conversation, very good piece of 1770 01:23:10,160 --> 01:23:11,720 Speaker 2: read in the u Citny Morning Herall the other day 1771 01:23:11,760 --> 01:23:13,719 Speaker 2: and look it up. It's under the headline the first 1772 01:23:13,760 --> 01:23:19,960 Speaker 2: generation with declining standards of living Australia's faltering economics standing. 1773 01:23:20,680 --> 01:23:22,880 Speaker 2: And that's before you get to the fact you end 1774 01:23:22,960 --> 01:23:25,479 Speaker 2: up with a house and serdainely at a minimum price 1775 01:23:25,479 --> 01:23:27,519 Speaker 2: at one point seven million dollars, so you can't afford 1776 01:23:27,520 --> 01:23:29,439 Speaker 2: a house. Yes, you might be earning a little bit 1777 01:23:29,439 --> 01:23:31,000 Speaker 2: more in a beer, might be cheaper, I don't know. 1778 01:23:31,040 --> 01:23:34,400 Speaker 2: But the first generation with declining standards of living Australians 1779 01:23:34,439 --> 01:23:37,320 Speaker 2: faltering economic standing. So if we end up with more 1780 01:23:37,360 --> 01:23:39,599 Speaker 2: GDP than Australia, that's not a bad year, is it? 1781 01:23:39,640 --> 01:23:40,360 Speaker 2: Eight forty five? 1782 01:23:41,760 --> 01:23:46,120 Speaker 1: The Hike Asking Breakfast Full Show podcast on iHeartRadio power 1783 01:23:46,200 --> 01:23:47,160 Speaker 1: by News talks. 1784 01:23:46,960 --> 01:23:51,000 Speaker 2: A B twelve away from nine. Just a reminder of 1785 01:23:51,000 --> 01:23:54,000 Speaker 2: where we've been, Adrian or they're cutting jobs at the 1786 01:23:54,040 --> 01:23:55,599 Speaker 2: Reserve Bank and this is the problem with people who 1787 01:23:55,640 --> 01:23:59,040 Speaker 2: don't know what they're doing. You pay and this was 1788 01:23:59,080 --> 01:24:01,519 Speaker 2: actually funny enough to was Ginny's problem In Question Time 1789 01:24:01,600 --> 01:24:05,719 Speaker 2: yesterday they were asking why people shouldn't take it personally 1790 01:24:05,800 --> 01:24:08,919 Speaker 2: if they've lost their job, and they were quoting allegedly 1791 01:24:09,000 --> 01:24:12,280 Speaker 2: Nicola Willis. Now Nikola Willis didn't say that. She said 1792 01:24:12,400 --> 01:24:14,960 Speaker 2: you shouldn't take it personally if you've lost your job. 1793 01:24:15,000 --> 01:24:17,960 Speaker 2: Because the previous government buggered up the economy so badly, 1794 01:24:18,600 --> 01:24:20,679 Speaker 2: inevitably people were going to have to pay the price, 1795 01:24:20,760 --> 01:24:23,280 Speaker 2: and unfortunately the people who lose their jobs are those people. 1796 01:24:23,400 --> 01:24:27,080 Speaker 2: It's not a personal reflection. It's not about you and 1797 01:24:27,160 --> 01:24:30,760 Speaker 2: your work and your ethic. It's your just the unfortunate 1798 01:24:30,840 --> 01:24:34,160 Speaker 2: victims of incompetence. So that was the quote, but because 1799 01:24:34,200 --> 01:24:35,920 Speaker 2: she sort of paraphrased the quite and tried to make 1800 01:24:35,960 --> 01:24:38,800 Speaker 2: a point out of it fell flat. But the people 1801 01:24:38,840 --> 01:24:40,840 Speaker 2: at the Reserve Bank are finding out what it's like 1802 01:24:40,880 --> 01:24:42,840 Speaker 2: to have somebody who's incompetent as well, because one and 1803 01:24:42,880 --> 01:24:45,880 Speaker 2: four jobs are being cut. So they've agreed to seven 1804 01:24:45,920 --> 01:24:48,000 Speaker 2: hundred and seventy five million dollars worth of funding twenty 1805 01:24:48,000 --> 01:24:49,799 Speaker 2: five through thirty for the bank they wanted a billion. 1806 01:24:50,960 --> 01:24:55,040 Speaker 2: Cuts are deeper in the so called Enterprise Services Operation, 1807 01:24:55,160 --> 01:24:58,080 Speaker 2: whatever the hell that means. So jobs directly linked to 1808 01:24:58,120 --> 01:25:02,360 Speaker 2: the bank's core functions maintaining price, finance stability, et cetera. 1809 01:25:02,400 --> 01:25:04,640 Speaker 2: They're going to be saved. Good as they should. But 1810 01:25:04,720 --> 01:25:11,519 Speaker 2: if you're in strategy, stakeholder engagement, governance, general counsel people 1811 01:25:11,600 --> 01:25:16,080 Speaker 2: and culture, information security, all of that, then the chances 1812 01:25:16,080 --> 01:25:19,120 Speaker 2: are you losing your job now under this is how 1813 01:25:19,320 --> 01:25:22,720 Speaker 2: bad it got under or those areas that I just 1814 01:25:22,800 --> 01:25:25,240 Speaker 2: mentioned saw arise from one hundred and thirty eight jobs 1815 01:25:25,280 --> 01:25:29,160 Speaker 2: to three hundred and seventy eight. One hundred and thirty 1816 01:25:29,200 --> 01:25:33,679 Speaker 2: eight to three hundred and seventy eight just in non 1817 01:25:33,800 --> 01:25:37,559 Speaker 2: core roles at the bank altogether. Staffing levels at the 1818 01:25:37,680 --> 01:25:43,639 Speaker 2: rb nearly doubled doubled between June of twenty and January 1819 01:25:43,680 --> 01:25:46,519 Speaker 2: of twenty five, from three forty nine to six hundred 1820 01:25:46,560 --> 01:25:51,160 Speaker 2: and sixty. The guy went nuts, and so he hired 1821 01:25:51,160 --> 01:25:52,360 Speaker 2: a whole lot of people who are now going to 1822 01:25:52,360 --> 01:25:55,200 Speaker 2: lose their jobs because he didn't know what he was doing. 1823 01:25:55,680 --> 01:26:00,880 Speaker 2: So don't take it personally. Nine minutes away from nine the. 1824 01:26:00,960 --> 01:26:04,840 Speaker 1: My Cosking Breakfast with Bailey's Real Estate News togs They'd be. 1825 01:26:05,200 --> 01:26:07,680 Speaker 2: Fright is running. Milford Asset Management have taken up the 1826 01:26:07,720 --> 01:26:10,640 Speaker 2: Consumer New Zealand People's Choice Award for Keiwisaber. This is 1827 01:26:10,640 --> 01:26:14,559 Speaker 2: for their Milford Qusaber plan. There's more. Morning Star's latest 1828 01:26:14,560 --> 01:26:16,439 Speaker 2: independent survey has found that. You can find that by 1829 01:26:16,439 --> 01:26:19,200 Speaker 2: the way at Morningstar dot com dot AU that shows 1830 01:26:19,200 --> 01:26:22,280 Speaker 2: that Milford's had the number one performing Qisaber funds in growth, 1831 01:26:22,439 --> 01:26:25,400 Speaker 2: balanced and conservative categories for their returns over the past 1832 01:26:25,400 --> 01:26:27,759 Speaker 2: ten years. So all of it's down to the expert 1833 01:26:27,800 --> 01:26:30,920 Speaker 2: team at Milford are active approach investing. So why wouldn't 1834 01:26:30,960 --> 01:26:32,880 Speaker 2: you switch switch to Milford for the old KEYWI sab 1835 01:26:32,920 --> 01:26:35,080 Speaker 2: It just takes minutes literally, I mean you jump online, 1836 01:26:35,080 --> 01:26:38,559 Speaker 2: you need your photo ID and an IRD number. If 1837 01:26:38,600 --> 01:26:40,919 Speaker 2: you've got those handy, you're good to go. Past performance 1838 01:26:41,000 --> 01:26:43,040 Speaker 2: not a reliable indicator of future performance, of course, and 1839 01:26:43,080 --> 01:26:46,240 Speaker 2: Milford Funds Limited is the issuer of the Milford's Quewisaber Plan, 1840 01:26:46,720 --> 01:26:50,400 Speaker 2: so please read the Milford Qusaberplan product disclosure statement that's 1841 01:26:50,400 --> 01:26:53,120 Speaker 2: at Milford Asset dot com. And before investing, you might 1842 01:26:53,160 --> 01:26:55,000 Speaker 2: want to seek a bit of financial advice and for 1843 01:26:55,000 --> 01:26:57,920 Speaker 2: more information on the advice services and to see their 1844 01:26:57,960 --> 01:27:01,559 Speaker 2: advice provided Disclosure STUF and you go to Milford Asset 1845 01:27:01,800 --> 01:27:06,759 Speaker 2: dot com slash getting dash Advice. Got that Milford Asset 1846 01:27:07,000 --> 01:27:14,439 Speaker 2: dot com slash Getting Dash advice. Pasking Police Commissioner is 1847 01:27:14,600 --> 01:27:16,880 Speaker 2: in the building with Kerry after ten o'clock this morning, 1848 01:27:17,720 --> 01:27:19,800 Speaker 2: and we'll be taking your calls and having a good 1849 01:27:19,800 --> 01:27:22,160 Speaker 2: discussion around crime, punishment and all of that. So that's 1850 01:27:22,200 --> 01:27:24,519 Speaker 2: after ten o'clock this morning on Kerry Show, five minutes 1851 01:27:24,560 --> 01:27:25,439 Speaker 2: away from nine. 1852 01:27:25,600 --> 01:27:30,760 Speaker 1: Trending now with Chemist ware House, Great savings every day. 1853 01:27:30,840 --> 01:27:34,840 Speaker 2: Now we got Megan. So Megan is well. She calls 1854 01:27:34,840 --> 01:27:38,679 Speaker 2: herself an actor and a writer. And her flight's been canceled. 1855 01:27:38,880 --> 01:27:43,760 Speaker 2: This is all online. She's coming back from Portugal to Indianapolis. 1856 01:27:45,240 --> 01:27:49,439 Speaker 2: Now she's eaten the night before an undercooked burger. So 1857 01:27:49,920 --> 01:27:54,000 Speaker 2: there's your first clue. So she's spending quite a bit 1858 01:27:54,040 --> 01:27:55,439 Speaker 2: of wants to spend quite a bit of time in 1859 01:27:55,520 --> 01:27:58,760 Speaker 2: the bathroom, and it's so bad that she is in 1860 01:27:58,800 --> 01:28:02,320 Speaker 2: fact allowed to stay in said bathroom while the plane 1861 01:28:02,320 --> 01:28:03,880 Speaker 2: took off and landed, which I would have thought is 1862 01:28:03,960 --> 01:28:06,960 Speaker 2: reasonably unusual, because I've been in that situation. Not myself, 1863 01:28:07,439 --> 01:28:09,639 Speaker 2: because I don't hate to undercook burgers and never rush 1864 01:28:09,680 --> 01:28:11,280 Speaker 2: off to the bathroom, but I've been on a plane 1865 01:28:11,280 --> 01:28:13,439 Speaker 2: with a person in a similar sort of state, and 1866 01:28:13,479 --> 01:28:17,080 Speaker 2: they weren't afforded the same opportunity of luxury of being 1867 01:28:17,080 --> 01:28:21,439 Speaker 2: able to spend it vast amounts of time in the bathroom. Anyway, 1868 01:28:21,800 --> 01:28:25,320 Speaker 2: it gets worse. Unfortunately, the flight was canceled due to 1869 01:28:25,400 --> 01:28:29,440 Speaker 2: her diarrhea. 1870 01:28:30,200 --> 01:28:34,240 Speaker 25: Flight attendant comes over, Megan, everybody is off the plane. 1871 01:28:34,240 --> 01:28:36,080 Speaker 25: Now just come out. 1872 01:28:35,960 --> 01:28:36,599 Speaker 13: Whenever you can. 1873 01:28:37,600 --> 01:28:40,800 Speaker 25: Next flight has been canceled. In the moment, I'm not 1874 01:28:40,840 --> 01:28:42,640 Speaker 25: thinking that's because of me. And the moment, I'm like, 1875 01:28:42,880 --> 01:28:47,240 Speaker 25: oh thing, you got okay, because I'm like, what a 1876 01:28:47,320 --> 01:28:50,360 Speaker 25: gorgeous coincidence. When I got off the plane, I was 1877 01:28:50,400 --> 01:28:54,120 Speaker 25: like asking the flight attendant. I was like, Hey, what am. 1878 01:28:54,000 --> 01:28:55,080 Speaker 13: I supposed to do with this bag? 1879 01:28:55,160 --> 01:28:55,240 Speaker 15: Up? 1880 01:28:55,280 --> 01:28:58,439 Speaker 25: Drove up and she's like, no, tie up, leave it 1881 01:28:58,479 --> 01:29:01,600 Speaker 25: all in there, because that has much team's going to 1882 01:29:01,640 --> 01:29:09,040 Speaker 25: come through. And I go, got it, got it. I 1883 01:29:09,080 --> 01:29:12,559 Speaker 25: am a biohaz right. 1884 01:29:14,640 --> 01:29:16,559 Speaker 2: It's hard to believe that twenty million people have looked 1885 01:29:16,560 --> 01:29:20,720 Speaker 2: this up, obviously, because I heard the lads in the 1886 01:29:20,760 --> 01:29:24,200 Speaker 2: afternoon talking about wasting your life on short video clips yesterday, 1887 01:29:24,920 --> 01:29:28,479 Speaker 2: and yet there are twenty million people wasting their life. Well, no, 1888 01:29:28,520 --> 01:29:30,400 Speaker 2: that's the point I was coming to. Glenn's a very 1889 01:29:30,400 --> 01:29:34,519 Speaker 2: good point. In fact, she goes on for sixteen minutes, 1890 01:29:36,120 --> 01:29:40,439 Speaker 2: which also seems almost beyond belief. But between her and 1891 01:29:40,479 --> 01:29:43,559 Speaker 2: the twenty million idiots Welcome to the world. In twenty 1892 01:29:43,600 --> 01:29:47,040 Speaker 2: twenty five, got in again. Now look, Gilbert and OK 1893 01:29:47,160 --> 01:29:49,479 Speaker 2: you remember Gilded and Oken and the All Blacks. It's 1894 01:29:49,520 --> 01:29:51,439 Speaker 2: all up in the top two percent. You know. It's 1895 01:29:51,680 --> 01:29:54,000 Speaker 2: the power of success. It's if you believe you all 1896 01:29:54,000 --> 01:29:56,679 Speaker 2: that stuff. Looking forward to catch up tomorrow on the program. 1897 01:29:56,760 --> 01:29:58,920 Speaker 2: He's guess where he is. He's been working with Baz 1898 01:29:58,920 --> 01:30:01,639 Speaker 2: and bes Ball in the British cricket But guess where 1899 01:30:01,640 --> 01:30:04,479 Speaker 2: he uses this is it Chelsea and the EPL. Anyway, 1900 01:30:04,520 --> 01:30:06,800 Speaker 2: Gilbert and I could with us tomorrow. Happy Days. 1901 01:30:08,320 --> 01:30:11,200 Speaker 1: For more from the Mic Asking Breakfast, listen live to 1902 01:30:11,320 --> 01:30:14,400 Speaker 1: News Talks at B from six am weekdays, or follow 1903 01:30:14,439 --> 01:30:16,000 Speaker 1: the podcast on iHeartRadio.