1
00:00:00,120 --> 00:00:04,040
Speaker 1: The newsmakers and the personalities, the big names talk to

2
00:00:04,200 --> 00:00:08,200
Speaker 1: Mike the mic Hosking Breakfast with Bailey's Real Estate covering

3
00:00:08,240 --> 00:00:09,720
Speaker 1: all your real estate needs.

4
00:00:09,800 --> 00:00:10,000
Speaker 2: News.

5
00:00:10,039 --> 00:00:10,760
Speaker 3: Togs Head been.

6
00:00:10,720 --> 00:00:13,920
Speaker 4: Boding of Welcome today, viccar reform days. Some health news

7
00:00:13,920 --> 00:00:16,120
Speaker 4: are good news. Actually on Target's new rules around buying

8
00:00:16,120 --> 00:00:19,200
Speaker 4: medical equipment. How a movie tariff would work in what

9
00:00:19,239 --> 00:00:21,400
Speaker 4: would it do to our industry? Mark and Jinny after

10
00:00:21,440 --> 00:00:24,880
Speaker 4: rate Richard Nald Murray olds they do the offshore stuffs.

11
00:00:25,840 --> 00:00:26,880
Speaker 5: Pasky well the week.

12
00:00:26,880 --> 00:00:28,560
Speaker 4: Welcome to a seven past six now and one of

13
00:00:28,560 --> 00:00:31,600
Speaker 4: the great psychological conundrums of the modern age. Why is

14
00:00:31,640 --> 00:00:34,960
Speaker 4: it we, still, despite it all, refuse to take part

15
00:00:34,960 --> 00:00:37,599
Speaker 4: in local body elections. Local decisions affect more of us

16
00:00:37,600 --> 00:00:41,680
Speaker 4: locally than anything Wellington does, and yet national elections draw

17
00:00:41,760 --> 00:00:44,680
Speaker 4: eighty plus percent turnout, in a sign that we actually

18
00:00:44,880 --> 00:00:48,400
Speaker 4: value democracy. So far in election year twenty twenty five,

19
00:00:48,440 --> 00:00:51,120
Speaker 4: the numbers are hopeless, and yet we have councils making

20
00:00:51,240 --> 00:00:53,840
Speaker 4: massive decisions, not least of which is around things like water.

21
00:00:54,240 --> 00:00:57,240
Speaker 4: The debt associated with that is enormous. Added to the

22
00:00:57,280 --> 00:00:59,680
Speaker 4: debt we already have, which in too many cases has

23
00:00:59,680 --> 00:01:03,560
Speaker 4: the right agencies worried Wellington has become famous for its dysfunction,

24
00:01:03,640 --> 00:01:05,640
Speaker 4: and yet so far we've got to turn out Wellington

25
00:01:05,640 --> 00:01:08,320
Speaker 4: of twelve percent three weeks gone, less than two weeks

26
00:01:08,400 --> 00:01:11,960
Speaker 4: to go. What last minute gripping piece of information do

27
00:01:12,000 --> 00:01:14,360
Speaker 4: you need to make you mark and take part in

28
00:01:14,360 --> 00:01:18,679
Speaker 4: a process allegedly so valued ie democracy that history shows

29
00:01:18,720 --> 00:01:21,360
Speaker 4: we are apparently prepared to fight for it. Auckland hasn't

30
00:01:21,360 --> 00:01:24,039
Speaker 4: even mustered ten percent. For God's sake, Dunedin's at seven.

31
00:01:24,400 --> 00:01:27,880
Speaker 4: Christ Diurte well done over sixteen. Traditionally, if you crack

32
00:01:28,000 --> 00:01:30,440
Speaker 4: forty by the end of it all, you're right up there.

33
00:01:30,680 --> 00:01:33,319
Speaker 4: The tragics gather together around thirty. By the time you

34
00:01:33,360 --> 00:01:36,200
Speaker 4: split a race for mayor, say four candidates, splitting that

35
00:01:36,240 --> 00:01:39,280
Speaker 4: thirty percent turnout, you're essentially seeing perhaps ten percent of

36
00:01:39,319 --> 00:01:42,520
Speaker 4: people electing the top job. It's farcical. Senior rates bill

37
00:01:42,840 --> 00:01:45,360
Speaker 4: doesn't matter where in the country you are. Have you

38
00:01:45,400 --> 00:01:47,160
Speaker 4: seen your rates bill? You're happy with that, are you?

39
00:01:47,480 --> 00:01:50,040
Speaker 4: It's a fiscal scandal, and yet we still can't be

40
00:01:50,080 --> 00:01:54,280
Speaker 4: bothered voting moaning yes, voting no. Auckland voted last week

41
00:01:54,320 --> 00:01:57,520
Speaker 4: on the biggest unitary upheaval and decades, and yet nine

42
00:01:57,640 --> 00:02:00,440
Speaker 4: point eight percent so far have how to say, idea,

43
00:02:00,800 --> 00:02:02,880
Speaker 4: why don't we just flag it? If the big issues,

44
00:02:02,920 --> 00:02:05,240
Speaker 4: the massive debt, the structural reform can't get us in bold,

45
00:02:05,280 --> 00:02:08,440
Speaker 4: give it away, introduce some professionals. The interface between central

46
00:02:08,480 --> 00:02:11,799
Speaker 4: government and locals become fraught in many places. Anyway, we're

47
00:02:11,800 --> 00:02:16,360
Speaker 4: fantastically over counseled in this country. Seventy ish councils is madness,

48
00:02:16,800 --> 00:02:19,840
Speaker 4: especially when we don't care. So let's appoint professionals, people

49
00:02:19,880 --> 00:02:22,680
Speaker 4: with experience and credentials, get the mandate from Wellington and

50
00:02:22,760 --> 00:02:24,560
Speaker 4: let them get on with it. How many times do

51
00:02:24,600 --> 00:02:28,280
Speaker 4: we have to show almost complete and utter disdain for

52
00:02:28,360 --> 00:02:31,360
Speaker 4: something before it's broadly accepted that, no matter what the

53
00:02:31,400 --> 00:02:33,400
Speaker 4: issue is, how big the moment in time is, we

54
00:02:33,520 --> 00:02:35,600
Speaker 4: simply are not that interested.

55
00:02:36,440 --> 00:02:40,320
Speaker 5: Wow, news of the world in ninety seconds.

56
00:02:40,200 --> 00:02:43,000
Speaker 4: One in the afternoon, East Coast, so eleven hours ish.

57
00:02:43,240 --> 00:02:45,080
Speaker 4: Looks like we've got to shut down. So it's time

58
00:02:45,120 --> 00:02:46,280
Speaker 4: for some blame game.

59
00:02:46,360 --> 00:02:48,720
Speaker 3: They want to open the wall again. Can you believe it?

60
00:02:48,760 --> 00:02:51,320
Speaker 3: I can't even believe it. They want to open the wall.

61
00:02:51,520 --> 00:02:53,079
Speaker 3: It's like they don't change.

62
00:02:53,200 --> 00:02:56,080
Speaker 6: They lost an election in a landslide and they don't

63
00:02:56,120 --> 00:02:57,000
Speaker 6: change Hakeem.

64
00:02:57,120 --> 00:02:58,160
Speaker 4: He's got a different view.

65
00:02:58,360 --> 00:03:00,000
Speaker 5: We're working on dealing with it.

66
00:03:00,000 --> 00:03:03,200
Speaker 7: An issue healthcare that is central to the quality of

67
00:03:03,240 --> 00:03:04,160
Speaker 7: life with the American people.

68
00:03:04,240 --> 00:03:06,880
Speaker 8: It's not a clean continuing resolution that is before the

69
00:03:06,880 --> 00:03:09,880
Speaker 8: House of Representatives or the Senate right now.

70
00:03:09,919 --> 00:03:11,840
Speaker 5: It's a dirty spending.

71
00:03:11,480 --> 00:03:14,040
Speaker 4: Bill talking of the old back and Ford. Starmers had

72
00:03:14,040 --> 00:03:15,240
Speaker 4: another shot at Farage.

73
00:03:15,320 --> 00:03:18,760
Speaker 7: When was the last time that you heard Nigel Farage

74
00:03:19,240 --> 00:03:22,000
Speaker 7: say anything positive about Britain's future.

75
00:03:23,240 --> 00:03:23,880
Speaker 4: He can't.

76
00:03:24,320 --> 00:03:28,160
Speaker 7: He doesn't like Britain, doesn't believe in Britain, wants you

77
00:03:28,240 --> 00:03:30,640
Speaker 7: to doubt it just as much as he does.

78
00:03:30,840 --> 00:03:33,280
Speaker 4: To which Nige had this to say, And.

79
00:03:33,240 --> 00:03:36,880
Speaker 9: This is a desperate last throw at the dice from

80
00:03:36,880 --> 00:03:39,800
Speaker 9: a prime minister who can't even command the support of

81
00:03:39,960 --> 00:03:42,600
Speaker 9: half of his own party. But I'm sorry to say

82
00:03:43,480 --> 00:03:46,320
Speaker 9: I now believe that he is unfit to be the

83
00:03:46,320 --> 00:03:48,560
Speaker 9: prime Minister's.

84
00:03:47,800 --> 00:03:50,240
Speaker 4: Worth wrapping up that Labor conference, by the way, they

85
00:03:50,280 --> 00:03:53,680
Speaker 4: felt the need to yet again deny Starmers in leadership trouble.

86
00:03:54,200 --> 00:03:57,760
Speaker 10: I don't think there's any serious contention here.

87
00:03:58,320 --> 00:03:59,960
Speaker 5: K is doing a great job. He is the kill

88
00:04:00,160 --> 00:04:02,800
Speaker 5: massive plans last year. We're going to just get on.

89
00:04:02,760 --> 00:04:06,400
Speaker 11: And to please it into the next election absolutely and beyond.

90
00:04:06,720 --> 00:04:08,840
Speaker 4: Then back to the States, where the Secretary of War

91
00:04:08,920 --> 00:04:10,760
Speaker 4: was laying out some manly rules.

92
00:04:10,800 --> 00:04:17,000
Speaker 12: No more identity months, DEI officers, dudes in dresses. Every

93
00:04:17,080 --> 00:04:22,120
Speaker 12: designated combat arms position returns to the highest male standard.

94
00:04:22,240 --> 00:04:25,920
Speaker 12: Only likewise, it's completely unacceptable to see fat generals and

95
00:04:25,960 --> 00:04:27,320
Speaker 12: admirals in the wholes of the Pentagon.

96
00:04:27,600 --> 00:04:30,120
Speaker 4: Finally, Aaron Hammond. He was breaking into a mansion in

97
00:04:30,160 --> 00:04:31,719
Speaker 4: the middle of the day, this in the Isle of Wight.

98
00:04:32,279 --> 00:04:34,159
Speaker 4: Aeron's not too bright. He's got a bit hungry while

99
00:04:34,160 --> 00:04:35,800
Speaker 4: he was doing the robbing, so he made himself a

100
00:04:35,800 --> 00:04:37,960
Speaker 4: pizza head of juice. Trouble was, he took too long,

101
00:04:38,040 --> 00:04:39,800
Speaker 4: only came home, so he had to scalper and the

102
00:04:39,800 --> 00:04:42,600
Speaker 4: owner's son's car left the DNA behind. Of course that

103
00:04:42,680 --> 00:04:44,320
Speaker 4: the cops didn't take long to round them up, and

104
00:04:44,360 --> 00:04:47,240
Speaker 4: overnight he's got a two year suspended sentence. He's the

105
00:04:47,240 --> 00:04:51,240
Speaker 4: world in ninety just by the way the prediction market so,

106
00:04:51,440 --> 00:04:53,240
Speaker 4: I don't know seventy percent. I would have thought it's

107
00:04:53,279 --> 00:04:55,000
Speaker 4: higher than that. Maybe this the last minute deal, but

108
00:04:55,040 --> 00:04:57,680
Speaker 4: the prediction markets are saying a seventy percent chance of

109
00:04:57,760 --> 00:05:00,680
Speaker 4: a shutdown in as I say about eleven. By the way,

110
00:05:00,680 --> 00:05:03,880
Speaker 4: the PMI out of China forty nine point eight expansion

111
00:05:03,960 --> 00:05:06,760
Speaker 4: ring no just about though, and the Reuter's estimate was

112
00:05:06,800 --> 00:05:09,040
Speaker 4: forty nine points six, So there might be a little

113
00:05:09,040 --> 00:05:11,520
Speaker 4: bit of life in China yet. Twelve past six.

114
00:05:14,320 --> 00:05:19,080
Speaker 1: The mic Asking Breakfast Full Show podcast on iHeartRadio Power

115
00:05:19,200 --> 00:05:20,560
Speaker 1: by News Talk Zippy.

116
00:05:22,640 --> 00:05:25,040
Speaker 4: Three from three to four Trump yesterday, if you missed

117
00:05:25,040 --> 00:05:27,520
Speaker 4: a YouTube of twenty four point five. All the tech

118
00:05:27,560 --> 00:05:30,359
Speaker 4: companies threw them off out of Gen six and he

119
00:05:30,560 --> 00:05:32,560
Speaker 4: sued them. So YouTube end up paying twenty four and

120
00:05:32,560 --> 00:05:34,640
Speaker 4: a half million dollars. It'll go to the nonprofit trust

121
00:05:34,680 --> 00:05:38,000
Speaker 4: for the National Mall. That adds to Meta paid them

122
00:05:38,000 --> 00:05:40,719
Speaker 4: twenty five million, and X paid them ten. So three

123
00:05:40,760 --> 00:05:45,880
Speaker 4: from three for Trumpey. Fifteen past six from Sure and

124
00:05:46,120 --> 00:05:47,600
Speaker 4: Partners Andrew Callah.

125
00:05:47,440 --> 00:05:50,000
Speaker 13: Good morning to you, very good morning, Mike.

126
00:05:50,160 --> 00:05:52,960
Speaker 4: Right, our business activity own activity looks all right over all?

127
00:05:52,960 --> 00:05:53,880
Speaker 4: Does it look all right or not?

128
00:05:55,240 --> 00:05:55,520
Speaker 5: Well?

129
00:05:55,680 --> 00:05:59,360
Speaker 13: I guess we're asking the question has spring sprung from

130
00:05:59,400 --> 00:06:02,560
Speaker 13: a business point of view? And we've got the release

131
00:06:02,600 --> 00:06:06,120
Speaker 13: of the am said business outlooking yesterday. So while we're

132
00:06:06,120 --> 00:06:09,840
Speaker 13: sort of scanning the environment for these new flickers of activity.

133
00:06:09,880 --> 00:06:12,640
Speaker 13: The first place to look amongst it is the high

134
00:06:12,680 --> 00:06:14,680
Speaker 13: frequency indicators, and what better place to look in the

135
00:06:14,720 --> 00:06:18,000
Speaker 13: A said Business Outlook. It's wide reaching, it's monthly, and

136
00:06:18,080 --> 00:06:20,640
Speaker 13: what did we see. We saw a headline business confidence

137
00:06:21,440 --> 00:06:25,640
Speaker 13: unchanged at fifty, so that doesn't look like there's too

138
00:06:25,720 --> 00:06:29,920
Speaker 13: much spring being springing. Look at the own activity outlook

139
00:06:30,000 --> 00:06:33,640
Speaker 13: that has lifted, so there's some optimism building there. Forty

140
00:06:33,640 --> 00:06:36,520
Speaker 13: three point four versus thirty eight point seven last month

141
00:06:37,080 --> 00:06:40,520
Speaker 13: past own activity that is the best proxy for GDP

142
00:06:41,480 --> 00:06:43,760
Speaker 13: in the A said Business Outlook. It has also lifted

143
00:06:43,760 --> 00:06:46,360
Speaker 13: four points, which does suggest that there's a bit more

144
00:06:46,440 --> 00:06:50,200
Speaker 13: going on in Q three than Q two. Thank goodness

145
00:06:50,200 --> 00:06:52,719
Speaker 13: for that. Looking a little bit better there for the

146
00:06:52,720 --> 00:06:55,479
Speaker 13: retail sector, but construction sectors still under pressure.

147
00:06:55,640 --> 00:06:56,760
Speaker 5: And I like this one.

148
00:06:57,040 --> 00:06:59,920
Speaker 13: Profit expectations they have risen, and of course we do

149
00:07:00,000 --> 00:07:02,880
Speaker 13: who want the business sector to be profitable. A small

150
00:07:02,920 --> 00:07:06,039
Speaker 13: lift in activity compared to activity a year ago, that's good.

151
00:07:06,520 --> 00:07:07,160
Speaker 3: A couple of.

152
00:07:07,040 --> 00:07:10,200
Speaker 13: Points of interest here. Mike responses received late in the

153
00:07:10,240 --> 00:07:14,640
Speaker 13: month after the negative GDP print were more negative, so

154
00:07:14,760 --> 00:07:18,000
Speaker 13: bad news does tend to affect sentiment, and good news

155
00:07:18,160 --> 00:07:22,200
Speaker 13: is of course contagious. The results of the survey might

156
00:07:22,320 --> 00:07:25,880
Speaker 13: not unequivocally positive. They were a little mixed. But look,

157
00:07:25,920 --> 00:07:28,360
Speaker 13: I do think we're laying the foundations for growth in

158
00:07:28,400 --> 00:07:30,680
Speaker 13: twenty twenty six. I think we just need to start

159
00:07:30,720 --> 00:07:31,680
Speaker 13: believing it, don't.

160
00:07:31,440 --> 00:07:34,000
Speaker 4: Weah, Okay, what about the shutdown? I mean shutdowns on

161
00:07:34,120 --> 00:07:34,360
Speaker 4: isn't it?

162
00:07:34,960 --> 00:07:35,160
Speaker 5: Yeah?

163
00:07:35,160 --> 00:07:36,000
Speaker 4: Looking looking?

164
00:07:36,960 --> 00:07:38,440
Speaker 3: Yeah, looking very very likely.

165
00:07:38,520 --> 00:07:41,160
Speaker 13: So us midnight deadline, if we assume that's on the

166
00:07:41,160 --> 00:07:41,840
Speaker 13: East coast.

167
00:07:41,680 --> 00:07:42,480
Speaker 4: We've got a few hours ago.

168
00:07:42,560 --> 00:07:44,800
Speaker 13: Yeah, we watched developments over the course of the next few hours,

169
00:07:44,840 --> 00:07:47,320
Speaker 13: but I strongly suspect you're going to see it, Mike.

170
00:07:47,400 --> 00:07:51,600
Speaker 13: Shutdowns are generally not market moving. They do put sort

171
00:07:51,600 --> 00:07:54,560
Speaker 13: of a negative bias on market I'd make a couple

172
00:07:54,600 --> 00:07:58,000
Speaker 13: of comments. The longest government shutdown was also under you

173
00:07:58,080 --> 00:08:01,160
Speaker 13: guessed at Donald Trump. That was back in twenty eighteen,

174
00:08:01,160 --> 00:08:04,040
Speaker 13: twenty nineteen. That went for thirty five days, So you know,

175
00:08:04,080 --> 00:08:06,920
Speaker 13: you could have a month of this. What's more interesting

176
00:08:06,960 --> 00:08:09,000
Speaker 13: in the immediate sense, Mike, is the potential for it

177
00:08:09,040 --> 00:08:11,640
Speaker 13: to disrupt the release of economic data.

178
00:08:12,000 --> 00:08:14,040
Speaker 5: So we've got the yeah, the very.

179
00:08:13,920 --> 00:08:17,240
Speaker 13: Very important non farm pay report, coming this weekend. The

180
00:08:17,360 --> 00:08:21,360
Speaker 13: labor market key concern for the Fed, probably outranking inflation

181
00:08:21,440 --> 00:08:23,560
Speaker 13: at the moment. Look, we did get what's called the

182
00:08:23,640 --> 00:08:26,480
Speaker 13: Jolts report overnight job openings. They were a little changed,

183
00:08:26,720 --> 00:08:28,960
Speaker 13: which suggests hiring was subdued. But you get a shut

184
00:08:29,000 --> 00:08:33,200
Speaker 13: down Bureau of Labor Statistics, can't, you know, can't. Basically

185
00:08:33,240 --> 00:08:36,600
Speaker 13: they will temporarily put up shop and potentially get no

186
00:08:36,600 --> 00:08:41,040
Speaker 13: non farm payrolls report, which then potentially disrupts federal reserve action.

187
00:08:41,200 --> 00:08:43,120
Speaker 13: So that does have some market implications.

188
00:08:43,320 --> 00:08:46,360
Speaker 4: Okay, helen Stein's it looks headline looks all right, didn't it.

189
00:08:47,000 --> 00:08:49,360
Speaker 13: Well, yeah, so we're looking for these flickers of activity

190
00:08:49,360 --> 00:08:52,840
Speaker 13: and Helenstone glasses. They reported full year earnings to August.

191
00:08:52,920 --> 00:08:55,920
Speaker 13: The first net profit lifted twelve point one percent to

192
00:08:56,000 --> 00:08:58,360
Speaker 13: fifty eight point four That was at the top end

193
00:08:58,360 --> 00:09:02,640
Speaker 13: of guidance. They also report an early year sales lift,

194
00:09:02,640 --> 00:09:04,719
Speaker 13: so a solid start. They called it to their new

195
00:09:04,760 --> 00:09:07,720
Speaker 13: financial years sales up twelve point nine percent in the

196
00:09:07,760 --> 00:09:09,199
Speaker 13: initial period compared to last year.

197
00:09:09,240 --> 00:09:10,000
Speaker 5: Happy days.

198
00:09:10,160 --> 00:09:14,000
Speaker 13: But unfortunately the flicker was an Aussie one. It was

199
00:09:14,080 --> 00:09:19,000
Speaker 13: driven by new and refurbished stores over there in New Zealand,

200
00:09:19,040 --> 00:09:22,080
Speaker 13: trading conditions were mixed unfortunately.

201
00:09:22,320 --> 00:09:25,160
Speaker 4: Okay, Now Michelle didn't move and we didn't think she would.

202
00:09:25,200 --> 00:09:26,920
Speaker 4: Is that her done for the year? You reckon?

203
00:09:27,920 --> 00:09:30,760
Speaker 13: The market is thinking that now, Mike. So the RBA

204
00:09:30,880 --> 00:09:34,160
Speaker 13: left rates, unchanged the estate three point six percent. Now,

205
00:09:34,200 --> 00:09:36,000
Speaker 13: they did say a couple of things I suppose where

206
00:09:36,000 --> 00:09:38,679
Speaker 13: the market picked up on. They warned that inflation may

207
00:09:38,720 --> 00:09:42,800
Speaker 13: come in higher than expected. They noted in comparison to

208
00:09:42,880 --> 00:09:45,400
Speaker 13: New Zealand the strength of the labor market and the

209
00:09:45,480 --> 00:09:48,920
Speaker 13: domestic economic recovery, so that probably a little more hawkish

210
00:09:48,960 --> 00:09:49,880
Speaker 13: than expected, Mike.

211
00:09:50,480 --> 00:09:51,280
Speaker 4: They now say that.

212
00:09:51,280 --> 00:09:55,400
Speaker 13: Basically from here and then they're very data dependent. There's

213
00:09:55,520 --> 00:09:58,280
Speaker 13: less than a fifty percent chance of a further cut

214
00:09:58,280 --> 00:10:00,200
Speaker 13: in November. If you look at what the few which

215
00:10:00,240 --> 00:10:02,000
Speaker 13: as Marcus are doing, I think they last some of chicks,

216
00:10:02,000 --> 00:10:04,120
Speaker 13: it was around thirty percent. So it does look like

217
00:10:04,400 --> 00:10:07,000
Speaker 13: the market is saying no more cuts than the Aussie

218
00:10:07,080 --> 00:10:10,280
Speaker 13: cash rat until next year. They did say the more

219
00:10:10,400 --> 00:10:13,640
Speaker 13: extreme outcomes from the tariffs are likely to be avoided.

220
00:10:14,520 --> 00:10:17,400
Speaker 13: So in terms of reactions that matter to us, kiwi

221
00:10:17,400 --> 00:10:21,559
Speaker 13: Assie fell even further. Then it recovered then over night,

222
00:10:21,679 --> 00:10:23,720
Speaker 13: unfortunately it's fall and again, so it's now at point

223
00:10:23,760 --> 00:10:26,599
Speaker 13: eight seven six y four. So mate's not looking to

224
00:10:26,640 --> 00:10:28,720
Speaker 13: be good. Fore offshore holidays at.

225
00:10:28,640 --> 00:10:31,079
Speaker 4: The moment might be yez, all right, give us the

226
00:10:31,120 --> 00:10:31,680
Speaker 4: other numbers.

227
00:10:32,320 --> 00:10:35,000
Speaker 13: Yeah, So the US markets are just drifting down a

228
00:10:35,000 --> 00:10:36,480
Speaker 13: little bit. I think there is sort of sort of

229
00:10:36,520 --> 00:10:38,920
Speaker 13: short term concern about the shutdowns to the Dow Jones

230
00:10:38,960 --> 00:10:40,680
Speaker 13: is down one hundred and thirty three points as we

231
00:10:40,720 --> 00:10:41,160
Speaker 13: look at it.

232
00:10:41,520 --> 00:10:42,320
Speaker 14: That'sero point two.

233
00:10:42,320 --> 00:10:46,200
Speaker 13: Nine forty six thousand, one hundred and eighty one. The

234
00:10:46,280 --> 00:10:48,720
Speaker 13: S and P five hundred down ten points, so just

235
00:10:48,800 --> 00:10:52,120
Speaker 13: small sixty six five one, and also a point two

236
00:10:52,160 --> 00:10:55,800
Speaker 13: eight four in the NASDAK sixty four points, twenty two thousand,

237
00:10:56,000 --> 00:10:59,040
Speaker 13: five hundred and twenty six overnight forts one hundred and

238
00:10:59,120 --> 00:11:01,960
Speaker 13: half percent nine three five zero four percent fall in

239
00:11:02,000 --> 00:11:04,319
Speaker 13: the nick A four four nine three two the close

240
00:11:04,400 --> 00:11:07,560
Speaker 13: there half a percent left yesterday. In Shangho composite three

241
00:11:07,720 --> 00:11:11,800
Speaker 13: eight eight two. The OSSI index fell point one six

242
00:11:11,840 --> 00:11:14,120
Speaker 13: percent yesterday eighty eight four eight The clothes there, the

243
00:11:14,160 --> 00:11:17,800
Speaker 13: Insects fifty had a very good day. Restaurant brands surged

244
00:11:18,480 --> 00:11:21,400
Speaker 13: takeover there ends AdEx fifty up one point two two

245
00:11:21,440 --> 00:11:24,480
Speaker 13: percent one hundred and sixty points thirteen thousand, two hundred

246
00:11:24,480 --> 00:11:27,000
Speaker 13: and ninety two key We dollar point five eighth one

247
00:11:27,160 --> 00:11:29,439
Speaker 13: point eight seven sixty four against the Ossie point four

248
00:11:29,520 --> 00:11:31,679
Speaker 13: nine three five uero point four to three one one

249
00:11:31,800 --> 00:11:35,240
Speaker 13: pounds eighty five points sixty nine Japanese En Gold three thousand,

250
00:11:35,280 --> 00:11:38,000
Speaker 13: eight hundred and forty six dollars and Brent Crude sixty

251
00:11:38,000 --> 00:11:39,800
Speaker 13: seven dollars and fifteen cent.

252
00:11:39,840 --> 00:11:44,600
Speaker 4: Habagro DeAndre Kella has Shaw and Partner's restaurant brands got

253
00:11:44,600 --> 00:11:47,199
Speaker 4: the big bid yesterday from one of the major shareholders.

254
00:11:47,200 --> 00:11:50,679
Speaker 4: I didn't realize accident compensation acc I'll own four point

255
00:11:50,720 --> 00:11:52,720
Speaker 4: seven percent of the company. They've already agreed, so I

256
00:11:52,720 --> 00:11:55,400
Speaker 4: assume it's a fader compland there's also a merger opposition.

257
00:11:55,720 --> 00:11:59,240
Speaker 4: There's a merger proposition rather not opposition. SCA and seven

258
00:11:59,280 --> 00:12:02,839
Speaker 4: West Media in Australia Seas Southern Cross Osteria there radio

259
00:12:03,320 --> 00:12:06,480
Speaker 4: basically and seven is channel seven. So the two get together.

260
00:12:06,760 --> 00:12:08,319
Speaker 4: It's got to get clearance, but as far as I

261
00:12:08,360 --> 00:12:10,319
Speaker 4: can work out, it will six twenty one and a

262
00:12:10,400 --> 00:12:13,959
Speaker 4: half here in news talk, said by.

263
00:12:15,720 --> 00:12:20,120
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio Power

264
00:12:20,240 --> 00:12:21,400
Speaker 1: by news Talk said.

265
00:12:21,160 --> 00:12:24,240
Speaker 4: By possibly a stupid question, why is it called the

266
00:12:24,280 --> 00:12:26,600
Speaker 4: non farm payroll camps? Not a stupid question. There are

267
00:12:26,679 --> 00:12:29,480
Speaker 4: as stupid questions. The answer is because they take agricultural

268
00:12:29,640 --> 00:12:32,360
Speaker 4: pay out and separate them. Simple as that. As the

269
00:12:32,400 --> 00:12:34,760
Speaker 4: title says Mike, there're probably more voted for the bird

270
00:12:34,800 --> 00:12:37,960
Speaker 4: of the year then we'll vote for council Sadly, that's true.

271
00:12:38,240 --> 00:12:40,480
Speaker 4: Mike is a meryor candidate for Hastings. I agree with

272
00:12:40,520 --> 00:12:42,760
Speaker 4: many of your sentiments about the elections. I've clocked up

273
00:12:42,800 --> 00:12:46,200
Speaker 4: thirty thousand steps and Havelock North over the past two days.

274
00:12:46,240 --> 00:12:48,920
Speaker 4: Since it's score holidays, hardly anyones at home voting papers

275
00:12:48,960 --> 00:12:52,080
Speaker 4: are still in letterboxes. System's broken and very little changed

276
00:12:52,080 --> 00:12:54,560
Speaker 4: since I was elected as a councilor in twenty seventeen. Yeah,

277
00:12:54,600 --> 00:12:57,240
Speaker 4: my question is given, it is break, and we all

278
00:12:57,240 --> 00:12:58,760
Speaker 4: agree it's broken. Why don't we do something about it?

279
00:12:58,840 --> 00:12:59,760
Speaker 4: Six twenty five.

280
00:13:00,080 --> 00:13:05,120
Speaker 1: Trending Now with a well spring frenzy sale on now Let's.

281
00:13:04,920 --> 00:13:07,319
Speaker 4: See if you think this bloke's funny. Chris Colers his

282
00:13:07,480 --> 00:13:10,640
Speaker 4: name he makes financial videos. The name may Ring of

283
00:13:10,640 --> 00:13:13,319
Speaker 4: Bella's dad's Allen Kohler. He's been well known in financial

284
00:13:13,480 --> 00:13:16,240
Speaker 4: circles in Australia for about the last fifty years anyway.

285
00:13:16,320 --> 00:13:19,320
Speaker 4: Chris makes these short videos about things like the Reserve

286
00:13:19,360 --> 00:13:22,040
Speaker 4: Bank and the housing market, so called boring topics with

287
00:13:22,160 --> 00:13:23,319
Speaker 4: a comedic twist.

288
00:13:23,480 --> 00:13:26,040
Speaker 14: Oh hi, I'm calling about the house you have for sale.

289
00:13:26,400 --> 00:13:28,800
Speaker 14: I'm keen to buy it. Are you're a smart man?

290
00:13:28,920 --> 00:13:30,320
Speaker 14: It's a beautiful affordable home.

291
00:13:30,520 --> 00:13:31,480
Speaker 5: Great? How much?

292
00:13:31,920 --> 00:13:33,960
Speaker 14: Oh no, No, you'll need to come by and yell

293
00:13:34,000 --> 00:13:36,040
Speaker 14: what you think it's worth on the street next Saturday.

294
00:13:36,800 --> 00:13:39,199
Speaker 14: What And then someone else might yell what they think

295
00:13:39,200 --> 00:13:41,760
Speaker 14: it's worth, and then you'll yell another number.

296
00:13:42,000 --> 00:13:44,920
Speaker 5: Sorry, will be yelling yeah or no?

297
00:13:45,280 --> 00:13:46,880
Speaker 14: You know, like if I've point at you and say

298
00:13:46,880 --> 00:13:48,800
Speaker 14: will you spend more than you just said you would?

299
00:13:48,880 --> 00:13:51,360
Speaker 14: You you know you'd not. This is my first time

300
00:13:51,440 --> 00:13:53,400
Speaker 14: doing this? Is that the normal way of buying a home?

301
00:13:54,200 --> 00:13:55,520
Speaker 14: Been doing it for hundreds of years?

302
00:13:55,600 --> 00:13:55,960
Speaker 5: Mate?

303
00:13:56,280 --> 00:13:59,080
Speaker 14: And this is in front of everyone. Yeah, well yeah,

304
00:13:59,120 --> 00:14:01,320
Speaker 14: the neighbors might come out and have a cup of

305
00:14:01,360 --> 00:14:03,480
Speaker 14: team Watch. They might have been clap you if you

306
00:14:03,480 --> 00:14:07,840
Speaker 14: did a good job. Seems so weird. Biggest financial decision

307
00:14:07,840 --> 00:14:09,520
Speaker 14: of your life and you didn't think you were going

308
00:14:09,600 --> 00:14:11,920
Speaker 14: to be yelling on the street. I guess I did.

309
00:14:12,000 --> 00:14:18,720
Speaker 4: Yeah, yeah, I'm thinking that's not funny. By the way,

310
00:14:19,320 --> 00:14:23,040
Speaker 4: the NRL is going to make the draw next year

311
00:14:24,920 --> 00:14:28,960
Speaker 4: using AI, first time they've ever done it. They currently

312
00:14:29,040 --> 00:14:32,720
Speaker 4: engage a Canadian company to compile the draw because everyone

313
00:14:32,800 --> 00:14:34,520
Speaker 4: has a crack, like the TV has a crack, and

314
00:14:34,520 --> 00:14:35,960
Speaker 4: the teams have a crack, and they go, we want

315
00:14:35,960 --> 00:14:37,760
Speaker 4: this and they want that, and you know, they try

316
00:14:37,760 --> 00:14:39,680
Speaker 4: and meld it all together. So a Canadian company has

317
00:14:39,680 --> 00:14:42,160
Speaker 4: been doing that. Next year they're going to use AI

318
00:14:42,640 --> 00:14:46,120
Speaker 4: because they reckon that's the answer. Also, despite the fact

319
00:14:46,120 --> 00:14:48,120
Speaker 4: we haven't got the final out of the way as

320
00:14:48,200 --> 00:14:50,440
Speaker 4: yet for this season, next year they're going to most

321
00:14:50,480 --> 00:14:52,280
Speaker 4: likely do it or look to do it in the

322
00:14:52,360 --> 00:14:55,240
Speaker 4: daytime going forward because they think we're daytime football, as

323
00:14:55,280 --> 00:14:57,960
Speaker 4: we I think discovered at Eden Park last weekend with

324
00:14:58,000 --> 00:15:01,720
Speaker 4: the All Blacks daytime Football winner. Isn't it now Winners

325
00:15:01,800 --> 00:15:04,640
Speaker 4: or not? Power reform today it is coming like it

326
00:15:04,720 --> 00:15:06,680
Speaker 4: or not. We'll talk to one of the electricity companies.

327
00:15:06,680 --> 00:15:12,440
Speaker 1: Shortly credible, compelling the breakfast show you can't miss. It's

328
00:15:12,480 --> 00:15:16,640
Speaker 1: the Mic Hosking Breakfast with a Veta Retirement Communities life

329
00:15:16,800 --> 00:15:18,760
Speaker 1: your way news talks, he'd be it's.

330
00:15:18,640 --> 00:15:20,480
Speaker 4: Like to shut down to real or we'll go to

331
00:15:20,480 --> 00:15:22,440
Speaker 4: the Gerado, though I mean half of Congress has gone home.

332
00:15:22,440 --> 00:15:24,600
Speaker 4: For goodness sake, We'll go to Reginnald Stateside in a

333
00:15:24,600 --> 00:15:26,720
Speaker 4: couple of moments meantime of twenty three to seven back here.

334
00:15:26,760 --> 00:15:28,640
Speaker 4: Big day, Well, could be a big day for reform

335
00:15:28,680 --> 00:15:30,880
Speaker 4: of our energy sector. It came out of last year's

336
00:15:30,880 --> 00:15:33,840
Speaker 4: with You, when the prices went stratospiric, the guest picture

337
00:15:33,840 --> 00:15:37,720
Speaker 4: looked increasingly grow. Mike Cutures, the Contact Energy CEO. In respect,

338
00:15:37,720 --> 00:15:40,480
Speaker 4: whether it's Mike morning to you, morning, Mike.

339
00:15:40,480 --> 00:15:40,760
Speaker 5: How are you?

340
00:15:40,920 --> 00:15:42,480
Speaker 4: If I'm well, thank you. If you've been briefed on

341
00:15:42,480 --> 00:15:43,920
Speaker 4: today's announcement, do you know what's in it?

342
00:15:45,440 --> 00:15:49,360
Speaker 8: We had a very brief pre briefing last night, but

343
00:15:49,600 --> 00:15:51,000
Speaker 8: it's embargo to eight am.

344
00:15:51,520 --> 00:15:53,280
Speaker 4: Yes, it is so so you and I both know

345
00:15:53,280 --> 00:15:55,760
Speaker 4: what's in it. Without giving too much away. Out of

346
00:15:55,800 --> 00:15:57,400
Speaker 4: ten they're going to blow the thing up. One they're

347
00:15:57,400 --> 00:15:58,920
Speaker 4: barely tinkering. What's your number.

348
00:16:01,040 --> 00:16:03,960
Speaker 8: I think the important thing is for the industry is

349
00:16:03,960 --> 00:16:06,480
Speaker 8: that there is support for the renewable investment boom that's

350
00:16:06,520 --> 00:16:09,440
Speaker 8: already going on. No one wants to see that stop

351
00:16:09,560 --> 00:16:12,880
Speaker 8: or anyone trip over their shoelasers, and so as long

352
00:16:12,920 --> 00:16:17,640
Speaker 8: as the focus stays on continued accelerated investment, I think

353
00:16:17,680 --> 00:16:21,040
Speaker 8: that's the most important thing for both for the country

354
00:16:21,200 --> 00:16:21,680
Speaker 8: right now.

355
00:16:22,040 --> 00:16:24,440
Speaker 4: What about the role of the regulators, the EA and

356
00:16:24,480 --> 00:16:27,920
Speaker 4: the ComCom and what they could or could not do,

357
00:16:28,040 --> 00:16:29,960
Speaker 4: and whether that makes any difference at all.

358
00:16:31,560 --> 00:16:33,960
Speaker 8: I think the important thing for the regulators is that

359
00:16:34,520 --> 00:16:37,520
Speaker 8: one they're able to do their job, but two they're

360
00:16:37,520 --> 00:16:41,040
Speaker 8: there to support the market. They're there to give confidence

361
00:16:41,080 --> 00:16:43,960
Speaker 8: to investment, and I think that's the important thing that

362
00:16:44,040 --> 00:16:47,720
Speaker 8: people need to stay focused on. What we need is

363
00:16:47,720 --> 00:16:51,760
Speaker 8: an environment where the investment can flow in and where

364
00:16:52,000 --> 00:16:55,840
Speaker 8: the stations can be built. And that means a regulator

365
00:16:55,880 --> 00:16:57,880
Speaker 8: has to be effective. It means we need a resource

366
00:16:57,880 --> 00:17:00,920
Speaker 8: consenting machine that goes a whole lot faster, is a

367
00:17:00,920 --> 00:17:02,000
Speaker 8: whole lot more supportive.

368
00:17:02,280 --> 00:17:04,639
Speaker 4: They would argue that's what they're doing currently, which has

369
00:17:04,640 --> 00:17:07,280
Speaker 4: got nothing to do with the day's announcement. Their reform

370
00:17:07,400 --> 00:17:09,760
Speaker 4: is going in your direction. Is that fair or not?

371
00:17:11,000 --> 00:17:14,399
Speaker 8: I think, Look, the government has signaled good intent. The

372
00:17:14,480 --> 00:17:18,359
Speaker 8: problem is the bureaucracy seems to have a lot of

373
00:17:18,400 --> 00:17:21,160
Speaker 8: inertia in it at the moment, and that's what needs

374
00:17:21,200 --> 00:17:22,320
Speaker 8: to get moving faster.

375
00:17:22,920 --> 00:17:25,119
Speaker 4: So are you still worried about fast track? They'll say, oh,

376
00:17:25,240 --> 00:17:27,320
Speaker 4: fast track, that's the answer you worried about fast trak?

377
00:17:28,560 --> 00:17:31,480
Speaker 8: Fast track. I think the important thing about fast track

378
00:17:31,640 --> 00:17:36,480
Speaker 8: is that it's explicitly that now supports development. Our experience

379
00:17:36,480 --> 00:17:39,879
Speaker 8: of fast track is it's not that fast, and we

380
00:17:39,920 --> 00:17:42,360
Speaker 8: would love it to go fast faster because we have

381
00:17:42,400 --> 00:17:44,640
Speaker 8: a large number of projects we'd like to get through there.

382
00:17:44,800 --> 00:17:48,240
Speaker 4: Access to capital is that a problem within the industry,

383
00:17:49,440 --> 00:17:50,040
Speaker 4: not for us.

384
00:17:51,040 --> 00:17:54,720
Speaker 8: I think investors are very excited by what they see

385
00:17:54,720 --> 00:17:59,639
Speaker 8: in the potential of New Zealand and they were getting

386
00:17:59,680 --> 00:18:02,280
Speaker 8: access to that capital is not a problem for us,

387
00:18:02,440 --> 00:18:03,640
Speaker 8: and I don't think it should be for.

388
00:18:03,600 --> 00:18:06,720
Speaker 4: Others, Which is the weird sort of thing about today's announcement.

389
00:18:06,760 --> 00:18:08,320
Speaker 4: As far as I can work out, yes, we're sure

390
00:18:08,320 --> 00:18:09,960
Speaker 4: of gas, and we can all argue about that till

391
00:18:09,960 --> 00:18:11,800
Speaker 4: we're blue in the face. But correct me if I'm wrong.

392
00:18:11,840 --> 00:18:14,680
Speaker 4: The industry has seen that the stop gap measure is coal.

393
00:18:14,920 --> 00:18:18,440
Speaker 4: Rightly or wrongly, you guys are spending your building your soul,

394
00:18:18,520 --> 00:18:21,119
Speaker 4: or you're doing your wind. You're doing your geothermal, all

395
00:18:21,200 --> 00:18:24,160
Speaker 4: of that. Eventually we will get there. Is that fair?

396
00:18:25,040 --> 00:18:25,359
Speaker 10: I think?

397
00:18:25,720 --> 00:18:29,960
Speaker 8: Look, the investment is unprecedented. It's bigger than the think

398
00:18:29,960 --> 00:18:32,480
Speaker 8: bigger era that's going on at the moment. The important

399
00:18:32,480 --> 00:18:36,000
Speaker 8: thing is that we don't blow up the settings and

400
00:18:36,080 --> 00:18:39,760
Speaker 8: that we support that investment going in, particularly in geo thermal,

401
00:18:39,840 --> 00:18:41,879
Speaker 8: which is New Zealand's version of nuclear energy.

402
00:18:42,600 --> 00:18:45,600
Speaker 4: The unions want it doesn't apply to you, obviously, but

403
00:18:45,640 --> 00:18:48,080
Speaker 4: the gent tailors that are partially at government owned, they

404
00:18:48,119 --> 00:18:50,920
Speaker 4: want them brought back. Any value in having a discussion

405
00:18:50,960 --> 00:18:54,159
Speaker 4: around that, No, that's as.

406
00:18:54,000 --> 00:18:55,600
Speaker 8: I said, You've got to play the game in front

407
00:18:55,640 --> 00:18:58,920
Speaker 8: of you. That's yesterday's discussion. The important thing is is

408
00:18:58,960 --> 00:19:02,520
Speaker 8: that we do the things that support investment, not which

409
00:19:02,560 --> 00:19:05,320
Speaker 8: stops everyone on their tracks and goes, how do we

410
00:19:05,359 --> 00:19:05,600
Speaker 8: do that?

411
00:19:06,080 --> 00:19:06,480
Speaker 15: All right?

412
00:19:06,600 --> 00:19:08,120
Speaker 4: Good to talk to you, Mike. Appreciate it very much.

413
00:19:08,160 --> 00:19:11,159
Speaker 4: Mike Fusy, chief executive officer at Contact Energy. Yeah, I

414
00:19:11,160 --> 00:19:13,680
Speaker 4: felt very gliding on yesterday when the unions came out

415
00:19:13,680 --> 00:19:16,200
Speaker 4: with the let's buy it all back and renationalize it,

416
00:19:16,240 --> 00:19:19,520
Speaker 4: and I thought, have we learnt nothing?

417
00:19:19,880 --> 00:19:24,159
Speaker 1: Nineteen two, The Mic Asking Breakfast Full Show podcast on

418
00:19:24,400 --> 00:19:26,840
Speaker 1: iHeartRadio Coward by News Talks EP.

419
00:19:27,920 --> 00:19:30,560
Speaker 4: Right, here's the story. Milford's done it again again. They've

420
00:19:30,600 --> 00:19:32,800
Speaker 4: gone and pulled off a clean hat trick twenty twenty five,

421
00:19:32,800 --> 00:19:35,680
Speaker 4: picking up three can Star qv Saber Awards. So they're

422
00:19:35,680 --> 00:19:38,000
Speaker 4: not just your average QI Saber provider obviously. They have

423
00:19:38,040 --> 00:19:40,320
Speaker 4: been crowned the can Star Qui Saber Provider of the

424
00:19:40,520 --> 00:19:43,240
Speaker 4: Year for the sixty year running, also NABA can Star

425
00:19:43,320 --> 00:19:46,640
Speaker 4: Outstanding Value ke We Saber Scheme Award. That wasn't enough,

426
00:19:46,680 --> 00:19:49,240
Speaker 4: they received the can Star Most Satisfied Customer Award for

427
00:19:49,280 --> 00:19:51,240
Speaker 4: ke We Sabers two years in a row, which is

428
00:19:51,240 --> 00:19:53,159
Speaker 4: on top of winning the Consumer People's Choice Award for

429
00:19:53,200 --> 00:19:55,240
Speaker 4: eight year running. You' keeping up with this, It's incredible.

430
00:19:55,520 --> 00:19:58,080
Speaker 4: They put their success down to a skilled investment team

431
00:19:58,119 --> 00:20:02,240
Speaker 4: focusing on aiming to deliver strong risk adjusted returns with

432
00:20:02,280 --> 00:20:04,879
Speaker 4: the aim of putting their membership in the best possible position,

433
00:20:04,960 --> 00:20:08,240
Speaker 4: all while delivering outstanding service. Simple as that a a

434
00:20:07,760 --> 00:20:11,280
Speaker 4: if only we're were that simple anyway, Milford's award winning

435
00:20:11,280 --> 00:20:15,920
Speaker 4: provider with very satisfied customers and changing your Qisaber account

436
00:20:16,000 --> 00:20:18,439
Speaker 4: could not be easier. Once you've made a decision to

437
00:20:18,440 --> 00:20:20,679
Speaker 4: switch to Milford. You jump on the website, you'll have

438
00:20:20,720 --> 00:20:23,200
Speaker 4: it sorted in minutes. Past performance, of course, not reliable

439
00:20:23,240 --> 00:20:26,240
Speaker 4: indicator of future performance. And Milford Funds Limited is the

440
00:20:26,280 --> 00:20:28,600
Speaker 4: issuer of the Milford Keiwisaber plan. So you go to

441
00:20:28,680 --> 00:20:32,919
Speaker 4: Milford Asset dot com slash Kewisaber to read the product

442
00:20:32,920 --> 00:20:37,560
Speaker 4: disclosure statement and make the switch. Today tasking Mike Hawler

443
00:20:37,600 --> 00:20:39,440
Speaker 4: Hill can lux and say things are starting to get

444
00:20:39,440 --> 00:20:41,359
Speaker 4: better here in New Zealand. We're nearly every day we

445
00:20:41,440 --> 00:20:46,159
Speaker 4: hear of medium to large businesses closing down. Well, the

446
00:20:46,200 --> 00:20:49,040
Speaker 4: answer is there's a tail, and the tail is a

447
00:20:49,080 --> 00:20:51,600
Speaker 4: long one. And to prove that, in other words, things

448
00:20:51,680 --> 00:20:54,119
Speaker 4: can get better with people still going bust. And to

449
00:20:54,160 --> 00:20:56,240
Speaker 4: prove that, I've got some new stats for you very shortly,

450
00:20:56,240 --> 00:20:57,080
Speaker 4: six forty.

451
00:20:56,800 --> 00:21:01,040
Speaker 1: Five international correspondence quid ends and I insurance peace of

452
00:21:01,080 --> 00:21:02,399
Speaker 1: mind for New Zealand business.

453
00:21:02,480 --> 00:21:05,440
Speaker 4: Right side Doug rich Donald morning what he might shut

454
00:21:05,440 --> 00:21:06,280
Speaker 4: downs on, isn't it?

455
00:21:06,760 --> 00:21:06,920
Speaker 5: Yeah?

456
00:21:06,960 --> 00:21:08,840
Speaker 6: I think it is just a few hours off from this.

457
00:21:09,560 --> 00:21:11,600
Speaker 6: It'll be the first in seven years. Seems like we've

458
00:21:11,640 --> 00:21:13,119
Speaker 6: had so many of them though they all kind of

459
00:21:13,119 --> 00:21:15,320
Speaker 6: pile up in your brain. But anyway, if your government

460
00:21:15,359 --> 00:21:17,680
Speaker 6: workers survive on your savings. Right, you can do that anyway.

461
00:21:17,680 --> 00:21:20,199
Speaker 6: I can do that, right. Trump also was threatening that

462
00:21:20,280 --> 00:21:23,920
Speaker 6: instead of laying people off temporarily, he might fire many

463
00:21:23,920 --> 00:21:27,240
Speaker 6: people permanently. We made you a lot, and that's only

464
00:21:27,280 --> 00:21:30,240
Speaker 6: because the Democrats said, as you know, they wanted to be.

465
00:21:30,160 --> 00:21:31,920
Speaker 16: Able to take care of people that have come into

466
00:21:32,000 --> 00:21:33,800
Speaker 16: our country illegally and no.

467
00:21:33,960 --> 00:21:35,000
Speaker 17: System get hand of that.

468
00:21:35,280 --> 00:21:35,480
Speaker 5: Well.

469
00:21:35,480 --> 00:21:39,480
Speaker 6: Trump posted an ai video fake video as saying Democrats

470
00:21:39,720 --> 00:21:42,879
Speaker 6: wanted to give health care to illegal aliens and showing

471
00:21:42,920 --> 00:21:46,840
Speaker 6: the Democratic leaders with mariachi music playing in the background.

472
00:21:46,920 --> 00:21:49,800
Speaker 6: The Democrats Senate leader Chuck sh who is responding to

473
00:21:50,080 --> 00:21:50,720
Speaker 6: some of that.

474
00:21:50,920 --> 00:21:54,919
Speaker 1: They say, oh, the Democrats want undocumented immigrants to get

475
00:21:55,000 --> 00:21:57,240
Speaker 1: health care, to get the federal dollars of healthcare.

476
00:21:57,400 --> 00:21:58,400
Speaker 5: That is utter ball.

477
00:21:58,640 --> 00:22:01,320
Speaker 6: Well, they say that in their closed or session with Trump,

478
00:22:01,359 --> 00:22:04,280
Speaker 6: he didn't even know that millions of people will see

479
00:22:04,320 --> 00:22:07,359
Speaker 6: their health insurance rates spike a lot unless there is

480
00:22:07,400 --> 00:22:11,359
Speaker 6: an extension of subsidies existing that help low income owners

481
00:22:11,400 --> 00:22:15,360
Speaker 6: buy health insurance. So those increases could be enormous. One

482
00:22:15,359 --> 00:22:18,919
Speaker 6: example being touted now is that say a monthly insurance

483
00:22:18,960 --> 00:22:22,439
Speaker 6: cost of eight hundred dollars new Zealand could double, so

484
00:22:22,880 --> 00:22:26,800
Speaker 6: sixteen hundred dollars a month. Meantime, Trump and his Defense

485
00:22:26,840 --> 00:22:29,480
Speaker 6: Secretary Heathseth have been lecturing all the military top brass

486
00:22:29,520 --> 00:22:31,399
Speaker 6: who were flown in from around the world at a

487
00:22:31,480 --> 00:22:33,920
Speaker 6: cost of millions and millions of dollars for rally where

488
00:22:33,960 --> 00:22:35,840
Speaker 6: they were told to tough enough.

489
00:22:35,760 --> 00:22:43,200
Speaker 12: More identity months, DEI officers, dudes in dresses, No more

490
00:22:43,200 --> 00:22:44,240
Speaker 12: climate change worship.

491
00:22:44,280 --> 00:22:46,800
Speaker 6: Then Trump spoke for about an hour, the usual roster

492
00:22:46,920 --> 00:22:49,800
Speaker 6: of Trump beefs, but also orning that the military should

493
00:22:49,840 --> 00:22:53,360
Speaker 6: be more active in the supposed war zones in American cities,

494
00:22:53,400 --> 00:22:56,360
Speaker 6: at least in democratic run cities like la and Washington

495
00:22:56,400 --> 00:22:58,840
Speaker 6: and Chicago, and now in Portland.

496
00:22:59,480 --> 00:23:00,520
Speaker 17: It's a war from within.

497
00:23:00,720 --> 00:23:03,680
Speaker 10: I told Pete, we should use some of these dangerous

498
00:23:03,720 --> 00:23:07,080
Speaker 10: cities as training grounds for our military.

499
00:23:07,160 --> 00:23:10,240
Speaker 6: Well, they're calling up two hundred National Guards to patrol

500
00:23:10,280 --> 00:23:15,960
Speaker 6: in Portland around Ice Immigration headquarters, leading comedian Stephen Colbert equipped.

501
00:23:16,080 --> 00:23:18,640
Speaker 18: For most of the day, the only protester was one

502
00:23:18,720 --> 00:23:20,480
Speaker 18: man in a chicken cost cell.

503
00:23:21,920 --> 00:23:22,879
Speaker 9: It's chaos.

504
00:23:24,400 --> 00:23:27,040
Speaker 18: There are reports that the chicken crossed the road several times,

505
00:23:29,080 --> 00:23:30,920
Speaker 18: and authorities are still asking why.

506
00:23:33,320 --> 00:23:35,680
Speaker 5: So, what the clock is.

507
00:23:35,640 --> 00:23:37,280
Speaker 4: Going on Oregon.

508
00:23:37,320 --> 00:23:39,119
Speaker 6: This governor called the White House and said there are

509
00:23:39,119 --> 00:23:41,680
Speaker 6: no attacks on federal buildings. Trump replied, well, wait a minute,

510
00:23:41,680 --> 00:23:44,560
Speaker 6: am I watching things on television that are different from

511
00:23:44,560 --> 00:23:47,200
Speaker 6: what is happening. They are literally attacking and there are

512
00:23:47,240 --> 00:23:49,719
Speaker 6: fires all over the place. Well, five years ago there

513
00:23:49,720 --> 00:23:52,200
Speaker 6: were big protests in Portland as we know it. Now

514
00:23:52,240 --> 00:23:55,000
Speaker 6: seems that Trump maybe maybe he was looking at a

515
00:23:55,040 --> 00:23:57,800
Speaker 6: TV spot that included video from twenty twenty.

516
00:23:57,800 --> 00:24:00,600
Speaker 4: Right the piece deal. The polling is while we're a.

517
00:24:00,880 --> 00:24:03,399
Speaker 6: Yeah, it's interesting, a new poll show support here for

518
00:24:03,520 --> 00:24:08,119
Speaker 6: Israel is cratering. When Hamasa and that terrorist attack are

519
00:24:08,119 --> 00:24:11,280
Speaker 6: almost two years ago where two hundred is Ladys were killed,

520
00:24:11,280 --> 00:24:14,119
Speaker 6: there were strong backing for Israel. Now, with Israel's military

521
00:24:14,160 --> 00:24:17,520
Speaker 6: response leaving more than sixty four thousand Palestinians dead, there

522
00:24:17,600 --> 00:24:20,919
Speaker 6: is this dramatic shift. We're seeing an inflection point as

523
00:24:20,960 --> 00:24:23,639
Speaker 6: Trump has given Hamas three or four days to respond

524
00:24:23,640 --> 00:24:26,159
Speaker 6: to his twenty point piece plan for Gaza, which amounts

525
00:24:26,160 --> 00:24:28,879
Speaker 6: to I guess are surrendered deal this time Arab states

526
00:24:28,880 --> 00:24:30,719
Speaker 6: are backing that plan and some of the details are

527
00:24:30,760 --> 00:24:33,200
Speaker 6: being filled in. But these poll numbers are striking fifty

528
00:24:33,240 --> 00:24:36,600
Speaker 6: one percent say they are either strongly or somewhat opposed

529
00:24:36,600 --> 00:24:39,719
Speaker 6: to the US providing further military or economic aid to Israel.

530
00:24:40,040 --> 00:24:43,160
Speaker 6: Haven't seen numbers like this before. Fifty eight percent say

531
00:24:43,320 --> 00:24:46,680
Speaker 6: Israel should stop its military campaign to protect against more

532
00:24:46,680 --> 00:24:50,400
Speaker 6: civilian casualties, even if not all Israeli hostages have been released.

533
00:24:50,680 --> 00:24:53,439
Speaker 6: Then there's the age gap that is emerging. Seventy percent

534
00:24:53,440 --> 00:24:55,920
Speaker 6: of young voters here saying the US should stop giving

535
00:24:55,960 --> 00:25:00,240
Speaker 6: military aid to Israel. That includes increasing numbers of Republicans.

536
00:25:00,320 --> 00:25:02,840
Speaker 6: Just thirty two percent of Americans say they have confidence

537
00:25:02,880 --> 00:25:05,000
Speaker 6: in as ready leader Nette yo Who. This looks like

538
00:25:05,280 --> 00:25:08,200
Speaker 6: an historic turn at a time when fifty eight percent

539
00:25:08,240 --> 00:25:10,600
Speaker 6: of Jewish is raere used to find themselves as right wing.

540
00:25:10,640 --> 00:25:13,399
Speaker 6: And of course Nette Yahu government often is kept together

541
00:25:13,480 --> 00:25:16,280
Speaker 6: by an even farther right group of parties. So it

542
00:25:16,400 --> 00:25:20,119
Speaker 6: is showing a real split between the US and Israel.

543
00:25:20,119 --> 00:25:23,240
Speaker 4: Now it's pleasure see you, Frither Richard Arnold's sightside just quickly.

544
00:25:23,560 --> 00:25:25,560
Speaker 4: As regards the war, as in the Ukrainian War, they're

545
00:25:25,600 --> 00:25:27,639
Speaker 4: meeting tomorrow. Of course, the eure getting together. The Catherine

546
00:25:27,640 --> 00:25:30,119
Speaker 4: told us about that yesterday on the program. Vance says

547
00:25:31,000 --> 00:25:34,199
Speaker 4: they're looking at the possibility of some tomahawks. They've got

548
00:25:34,200 --> 00:25:36,000
Speaker 4: a range of two and a half thousand kilometers that

549
00:25:36,040 --> 00:25:40,760
Speaker 4: would get one from Kiev into Russia, and we'll follow

550
00:25:40,760 --> 00:25:42,600
Speaker 4: where that goes with a great deal of interest are

551
00:25:42,680 --> 00:25:45,520
Speaker 4: because the tension continues to build and we still ask

552
00:25:45,600 --> 00:25:47,760
Speaker 4: the question as to whether this is America's war, or

553
00:25:47,800 --> 00:25:51,080
Speaker 4: Europe's or anybody. So it's ten away from seven on Mike.

554
00:25:51,000 --> 00:25:55,399
Speaker 1: Costing Breakfast with Alveda Retirement Communities news dogs had been.

555
00:25:55,359 --> 00:25:57,879
Speaker 4: Thinking about American interventionism. If you missed it yesterday, the

556
00:25:57,920 --> 00:26:01,359
Speaker 4: Teliban turned off the well everything. Basically they started with

557
00:26:01,400 --> 00:26:03,159
Speaker 4: the internet, so there's no internet, you can't get a

558
00:26:03,160 --> 00:26:06,200
Speaker 4: phone call, there's nothing going on. So that worked out

559
00:26:06,200 --> 00:26:08,879
Speaker 4: well for the Americans. The Americans rolled into Afghanistan, I thought, oh,

560
00:26:08,960 --> 00:26:12,120
Speaker 4: we'll fix this place. Funnily enough, Also, i'm reading about Madagascar.

561
00:26:12,640 --> 00:26:14,800
Speaker 4: This is Nepal two point zero. So if you missed

562
00:26:14,840 --> 00:26:16,919
Speaker 4: Nepal a couple of weeks ago, they got a bit

563
00:26:16,960 --> 00:26:19,440
Speaker 4: sick of the economy, sick of the government, too much corruption,

564
00:26:19,520 --> 00:26:22,680
Speaker 4: too many Nepo babies wandering around toying with the locals

565
00:26:22,680 --> 00:26:25,440
Speaker 4: on social media, so they got all agitated and they

566
00:26:25,440 --> 00:26:27,360
Speaker 4: set the place on fire, and then the government ran

567
00:26:27,440 --> 00:26:31,000
Speaker 4: down the road and they were still sorting that out. Meantime,

568
00:26:31,040 --> 00:26:34,080
Speaker 4: same things happened to Madagascar. We haven't talked about Madagascar

569
00:26:34,119 --> 00:26:36,639
Speaker 4: for years, but Rugeline is still running the place. So

570
00:26:36,840 --> 00:26:39,760
Speaker 4: once again we've got these gen Z protesters and they

571
00:26:39,840 --> 00:26:41,720
Speaker 4: hit the streets and they wanted a better life and

572
00:26:41,760 --> 00:26:44,040
Speaker 4: a better government and less corruption, all that sort of stuff.

573
00:26:44,040 --> 00:26:46,520
Speaker 4: He went and met them actually for a while, and

574
00:26:46,560 --> 00:26:49,399
Speaker 4: that sort of fell apart. So that too is burning

575
00:26:49,400 --> 00:26:52,200
Speaker 4: at the moment, and he suspended parliament and I don't

576
00:26:52,200 --> 00:26:54,480
Speaker 4: know where it goes, but this might be a thing

577
00:26:54,520 --> 00:27:00,680
Speaker 4: to watch globally. Gen Z YouTube, social media, the streets

578
00:27:00,920 --> 00:27:03,400
Speaker 4: and rolling governments. Six away from seven.

579
00:27:04,800 --> 00:27:06,359
Speaker 5: Well, the ins and the ouse.

580
00:27:06,680 --> 00:27:10,800
Speaker 1: It's the fizz with business fiber take your business productivity

581
00:27:10,840 --> 00:27:11,840
Speaker 1: to the next level.

582
00:27:11,920 --> 00:27:14,600
Speaker 4: Right, the aforementioned things that could well be looking up

583
00:27:14,600 --> 00:27:17,479
Speaker 4: in New Zealand, and yet we have this long tale

584
00:27:17,520 --> 00:27:19,679
Speaker 4: of trouble still coming through. So this is New Centric

585
00:27:19,720 --> 00:27:22,000
Speaker 4: start of this morning, twelve percent of us who have

586
00:27:22,080 --> 00:27:24,520
Speaker 4: credits are in some sort of areas. That works out

587
00:27:24,560 --> 00:27:26,520
Speaker 4: to be four hundred and sixty eight thousand of us. However,

588
00:27:27,080 --> 00:27:28,960
Speaker 4: that numbers down one point eight percent compared with this

589
00:27:29,080 --> 00:27:31,200
Speaker 4: time last year, so we're on the improved month on month,

590
00:27:31,240 --> 00:27:33,959
Speaker 4: that's down twelve thousand. There are twelve thousand fewer people

591
00:27:34,400 --> 00:27:37,240
Speaker 4: in credit areas. That's a material difference. So's that's the

592
00:27:37,280 --> 00:27:39,320
Speaker 4: good news side of it. That's the things might be

593
00:27:39,359 --> 00:27:41,680
Speaker 4: getting better side of it. Those who are ninety days

594
00:27:41,720 --> 00:27:45,080
Speaker 4: overdue also down to seventy seven thousand people, hardly any people.

595
00:27:45,119 --> 00:27:48,679
Speaker 4: Credit card areas are at their lowest level since credit

596
00:27:48,720 --> 00:27:51,399
Speaker 4: card reporting began. Only three point seven percent of us

597
00:27:51,440 --> 00:27:54,280
Speaker 4: in August, fifteen percent better than last year, so you

598
00:27:54,320 --> 00:27:58,320
Speaker 4: see things materially are getting better. Loan of the areas

599
00:27:58,320 --> 00:28:01,240
Speaker 4: for vehicles five point one one percent was five point

600
00:28:01,280 --> 00:28:04,000
Speaker 4: nine so getting better personal loan areas bind Our pay

601
00:28:04,080 --> 00:28:07,760
Speaker 4: later areas went up a little bit. Power bills very

602
00:28:07,760 --> 00:28:09,840
Speaker 4: small role in the overall scheme of things. Four point

603
00:28:09,880 --> 00:28:12,439
Speaker 4: three percent behind on energy payments last month. That's a

604
00:28:12,480 --> 00:28:16,480
Speaker 4: slight increase. I's been winter. Our financial hardship cases stayed

605
00:28:16,520 --> 00:28:20,160
Speaker 4: the same. Mortgage areas mostly steady. Only one point three

606
00:28:20,240 --> 00:28:22,400
Speaker 4: six percent of us are behind on the mortgage payments,

607
00:28:22,760 --> 00:28:25,680
Speaker 4: so it's hardly anybody. Demand side. Now here's The good

608
00:28:25,680 --> 00:28:29,000
Speaker 4: news demand side is demand for money up. Yes, mortgage

609
00:28:29,040 --> 00:28:32,359
Speaker 4: inquiries are up ten point six percent. Approved mortgage lending

610
00:28:32,440 --> 00:28:34,920
Speaker 4: for the last three months is up twenty nine point

611
00:28:35,040 --> 00:28:38,880
Speaker 4: six percent competed with the same quarter last year, which

612
00:28:38,920 --> 00:28:41,040
Speaker 4: is only six percent below the housing boom period of

613
00:28:41,040 --> 00:28:42,760
Speaker 4: twenty twenty one. So we're after the money. A lot

614
00:28:42,800 --> 00:28:44,880
Speaker 4: of that's refixing and turning money over, of course, and

615
00:28:44,920 --> 00:28:47,600
Speaker 4: stuff like that, but nevertheless, we're still into the business

616
00:28:47,640 --> 00:28:49,720
Speaker 4: of borrowing money and getting into the housing market or

617
00:28:49,720 --> 00:28:53,160
Speaker 4: investment market. Sixty percent of people in some sort of areas,

618
00:28:53,200 --> 00:28:55,760
Speaker 4: that's two hundred and eighty thousand people. Of those behind

619
00:28:55,840 --> 00:28:58,200
Speaker 4: on the payments are the under twenty fives forty four

620
00:28:58,240 --> 00:29:00,440
Speaker 4: percent choosing buy and now pay later as their first

621
00:29:00,480 --> 00:29:02,880
Speaker 4: form of critic I tell you, I've never been account

622
00:29:02,920 --> 00:29:06,320
Speaker 4: that Klan, I think, which is global. I know some

623
00:29:06,360 --> 00:29:08,040
Speaker 4: of the local operators here have run into a bit

624
00:29:08,040 --> 00:29:10,200
Speaker 4: of trouble of late, but Klan is an international player

625
00:29:10,240 --> 00:29:12,400
Speaker 4: in the buy now, pay later market, and they're worth billions.

626
00:29:12,800 --> 00:29:14,800
Speaker 4: And I just say, I don't know, I've never felt

627
00:29:14,880 --> 00:29:17,680
Speaker 4: good about it. And people go, ah, but you don't

628
00:29:17,680 --> 00:29:20,680
Speaker 4: pay interest. I mean, yes, people don't seem to have

629
00:29:20,680 --> 00:29:23,560
Speaker 4: worked out that although you don't pay interest, what are

630
00:29:23,560 --> 00:29:25,800
Speaker 4: you paying for the actual product? You're getting a bargain

631
00:29:25,840 --> 00:29:27,520
Speaker 4: on the product. Are you paying full play? You know

632
00:29:27,560 --> 00:29:30,680
Speaker 4: what I'm saying anyway, So those there's some good news

633
00:29:30,680 --> 00:29:31,840
Speaker 4: in there, I think, is there?

634
00:29:31,880 --> 00:29:32,040
Speaker 3: Now?

635
00:29:32,160 --> 00:29:33,440
Speaker 4: What have we got in the next half hour of

636
00:29:33,440 --> 00:29:36,000
Speaker 4: the program, So we'll see whether it's Pea steel lands

637
00:29:36,120 --> 00:29:39,960
Speaker 4: Hamas have got three or four days, apparently according to Trump,

638
00:29:40,000 --> 00:29:41,840
Speaker 4: to make up their mind on this. We've had a

639
00:29:41,920 --> 00:29:45,800
Speaker 4: change of rules around the procurement of medical devices, which

640
00:29:45,840 --> 00:29:47,160
Speaker 4: most of us will have gone, well, what the hell

641
00:29:47,200 --> 00:29:49,080
Speaker 4: does that mean? How's that work? So I will work

642
00:29:49,120 --> 00:29:51,600
Speaker 4: you through back and then we've got this business of

643
00:29:51,600 --> 00:29:53,920
Speaker 4: one hundred percent on the movies. The tariffs. This is

644
00:29:53,920 --> 00:29:56,440
Speaker 4: the latest Trump idea. This would be material for us.

645
00:29:56,480 --> 00:29:58,280
Speaker 4: So we'll talk to the trade ministry as well.

646
00:29:59,120 --> 00:30:03,160
Speaker 1: No fluff, just facts and fias debate, the Mic Hosking

647
00:30:03,200 --> 00:30:07,360
Speaker 1: breakfast with the land Rover Defender embraced the impossible news

648
00:30:07,400 --> 00:30:08,560
Speaker 1: talks dead bea.

649
00:30:09,040 --> 00:30:11,560
Speaker 4: So where is yesterday's big White House production? Actually land

650
00:30:11,600 --> 00:30:13,960
Speaker 4: twenty point piece plan? Of course, immediate CEA's far followed

651
00:30:13,960 --> 00:30:16,360
Speaker 4: by the disarmament of her mouse and is ready withdrawing

652
00:30:16,400 --> 00:30:19,320
Speaker 4: Gaza's run by Tony Blair and Donald Trump. Gregg Carlstrom

653
00:30:19,440 --> 00:30:22,240
Speaker 4: is the Middle East correspondent for The Economist. As with US, Greg, morning,

654
00:30:24,120 --> 00:30:26,480
Speaker 4: warning to you, how did it land in your part

655
00:30:26,520 --> 00:30:26,960
Speaker 4: of the world.

656
00:30:28,920 --> 00:30:31,600
Speaker 19: Well, there is I would say a mix of hope

657
00:30:31,640 --> 00:30:34,560
Speaker 19: and optimism about it. The hope because this is the

658
00:30:34,600 --> 00:30:38,000
Speaker 19: closest we've been to a deal since Donald Trump took office,

659
00:30:38,040 --> 00:30:42,280
Speaker 19: and it's actually a serious proposal. Unlike back in February

660
00:30:42,320 --> 00:30:45,040
Speaker 19: when Trump came out with this, you know, wild plan

661
00:30:45,160 --> 00:30:48,280
Speaker 19: to depopulate Gaza and turn it into a beach resort.

662
00:30:48,720 --> 00:30:51,680
Speaker 19: This is actually a plan to end the war, to

663
00:30:52,200 --> 00:30:56,000
Speaker 19: stabilize and rebuild Gaza. So he gets some credit for

664
00:30:56,040 --> 00:30:58,840
Speaker 19: that in the region. But the question now is, you know,

665
00:30:58,880 --> 00:31:01,120
Speaker 19: you have to flesh out the tails of this, and

666
00:31:01,160 --> 00:31:05,120
Speaker 19: it's a very bare bones proposal. It's basically twenty bullet points.

667
00:31:05,120 --> 00:31:07,440
Speaker 19: So there will need to be I think weeks of

668
00:31:07,520 --> 00:31:12,520
Speaker 19: negotiations between Israel and mass about the specifics of you know,

669
00:31:12,560 --> 00:31:15,640
Speaker 19: when will Israel withdraw from various parts of Gazo, Who

670
00:31:15,720 --> 00:31:19,720
Speaker 19: is going to comprise this international peacekeeping force that is

671
00:31:19,760 --> 00:31:22,600
Speaker 19: meant to come in and at any point in that process.

672
00:31:23,040 --> 00:31:25,720
Speaker 19: It's possible that all of this falls apart exactly.

673
00:31:25,760 --> 00:31:27,760
Speaker 4: We need Hamas to say initially yes, and then we

674
00:31:27,800 --> 00:31:30,480
Speaker 4: get into the weeds. Has anything materially changed even if

675
00:31:30,520 --> 00:31:33,160
Speaker 4: they do say yes, because it's not like we haven't

676
00:31:33,200 --> 00:31:36,080
Speaker 4: had some peace talk so far, and many of them.

677
00:31:37,600 --> 00:31:37,760
Speaker 5: No.

678
00:31:37,840 --> 00:31:40,880
Speaker 19: I think a yes from Hamas and a yes from

679
00:31:40,960 --> 00:31:44,880
Speaker 19: Nataiel yesterday that is the beginning of what will be

680
00:31:45,480 --> 00:31:47,800
Speaker 19: a long process. I think in the next couple of

681
00:31:47,880 --> 00:31:50,880
Speaker 19: days Hamas will give a response, and I think they

682
00:31:51,160 --> 00:31:54,680
Speaker 19: understand that they can't say no to this, given Trump's

683
00:31:54,680 --> 00:31:58,240
Speaker 19: support for it, given that the alternative is an expansion

684
00:31:58,440 --> 00:32:01,680
Speaker 19: of the Israeli war in Gaza. They're going to say yes.

685
00:32:01,720 --> 00:32:03,880
Speaker 19: But they're going to say yes, but and they're going

686
00:32:03,920 --> 00:32:06,560
Speaker 19: to have changes they want to make to the deal,

687
00:32:07,320 --> 00:32:10,480
Speaker 19: clarifications they're going to request, and that is what's going

688
00:32:10,480 --> 00:32:13,080
Speaker 19: to start this long back and forth negotiation.

689
00:32:13,360 --> 00:32:15,560
Speaker 4: My big concern is it looks a lot like Putin

690
00:32:15,680 --> 00:32:18,520
Speaker 4: arriving in Alaska. So we're full of hope, he's turned up,

691
00:32:18,520 --> 00:32:20,920
Speaker 4: he's jumped on the plane, and then we're still several

692
00:32:20,920 --> 00:32:22,760
Speaker 4: months down the track and nothing's happened.

693
00:32:24,400 --> 00:32:26,840
Speaker 19: And I think that's a real concern. I mean, I'll

694
00:32:26,840 --> 00:32:29,480
Speaker 19: give you one example of that. There is meant to

695
00:32:29,600 --> 00:32:34,600
Speaker 19: be an international peacekeeping force comprised mostly of soldiers from

696
00:32:34,640 --> 00:32:37,880
Speaker 19: either Arab or Muslim countries that will go into Gaza

697
00:32:37,960 --> 00:32:41,120
Speaker 19: once the war ends, that will disarm the mass and

698
00:32:41,160 --> 00:32:45,040
Speaker 19: provide security in Gaza. I was talking yesterday with someone

699
00:32:45,440 --> 00:32:48,880
Speaker 19: involved in the negotiations who said, listen, no country has

700
00:32:48,960 --> 00:32:51,720
Speaker 19: yet volunteered to send troops to be part of this

701
00:32:51,760 --> 00:32:55,480
Speaker 19: peace giving force. So you have to line up donor

702
00:32:55,520 --> 00:32:57,640
Speaker 19: countries first of all. Then you have to work out

703
00:32:57,960 --> 00:33:00,560
Speaker 19: what is the mandate going to be if Arab states

704
00:33:00,760 --> 00:33:04,160
Speaker 19: send their troops to be part of this body in Gaza.

705
00:33:04,240 --> 00:33:06,760
Speaker 19: Are they actually going to get into a shooting war

706
00:33:06,840 --> 00:33:08,640
Speaker 19: with mass if need be? How are they going to

707
00:33:08,720 --> 00:33:12,280
Speaker 19: work with the Israeli army, which will still be deployed

708
00:33:12,280 --> 00:33:16,560
Speaker 19: in Gaza for the foreseeable future. Those kinds of questions

709
00:33:16,880 --> 00:33:19,640
Speaker 19: have you eluded negotiators for the better part of two

710
00:33:19,720 --> 00:33:22,040
Speaker 19: years now, and I don't think they're going to be

711
00:33:22,040 --> 00:33:23,880
Speaker 19: easy to work out in the weeks ahead.

712
00:33:23,960 --> 00:33:25,520
Speaker 4: All Right, Greg got good, and so I appreciate it

713
00:33:25,600 --> 00:33:28,280
Speaker 4: very much. Greg Culstrom, who is with the economists Middle

714
00:33:28,320 --> 00:33:30,720
Speaker 4: East correspondent. They're part of the world timidts past seven

715
00:33:31,360 --> 00:33:33,080
Speaker 4: at that kind for the medical field where we have

716
00:33:33,160 --> 00:33:36,000
Speaker 4: new procurement rules between FARMAC and Health New Zealand. In

717
00:33:36,040 --> 00:33:38,200
Speaker 4: a nutshell, it's about being more efficient and having a

718
00:33:38,240 --> 00:33:41,400
Speaker 4: clearer model of responsibilities. Farmac's going to handle the high

719
00:33:41,400 --> 00:33:44,040
Speaker 4: tech stuff, so anesthetic machines, that sort of thing. Health

720
00:33:44,040 --> 00:33:46,040
Speaker 4: New Zealand's buying the sticking plasters as far as it

721
00:33:46,080 --> 00:33:48,360
Speaker 4: can work out. Paula Bennet's the chair of FARMAC and

722
00:33:48,440 --> 00:33:51,440
Speaker 4: as will us a very good morning to you, good morning,

723
00:33:51,640 --> 00:33:53,320
Speaker 4: explain why this is a thing.

724
00:33:54,680 --> 00:33:57,800
Speaker 2: Well pack In twenty twelve you looked at it your

725
00:33:57,800 --> 00:34:01,719
Speaker 2: head to what your twenty one day hpase procuring medical

726
00:34:01,760 --> 00:34:06,080
Speaker 2: devices separately. You know there's no consistency, there's no efficiencies.

727
00:34:06,560 --> 00:34:08,560
Speaker 2: It's more expensive than it should be because you've got

728
00:34:08,560 --> 00:34:12,319
Speaker 2: twenty one dhb's effectively doing it. So farmacs start taking

729
00:34:12,400 --> 00:34:15,440
Speaker 2: it over, doing a much better job, making savings and

730
00:34:15,480 --> 00:34:18,080
Speaker 2: everything else. But then you've still got stuff going on

731
00:34:18,120 --> 00:34:20,560
Speaker 2: within the hospitals too, and it's not clear as to

732
00:34:20,560 --> 00:34:23,600
Speaker 2: what's going on. Twenty twenty two they suggest that it

733
00:34:23,640 --> 00:34:26,279
Speaker 2: goes back to Health New Zealand because now they're all

734
00:34:26,280 --> 00:34:30,040
Speaker 2: big one and it makes sense. However, concerns that they've

735
00:34:30,040 --> 00:34:32,640
Speaker 2: got enough going on with trying to merge everything and

736
00:34:32,760 --> 00:34:35,680
Speaker 2: sort out systems, so it stays as a barmac. Then

737
00:34:35,680 --> 00:34:38,120
Speaker 2: you've got uncertainty and some are doing this and some

738
00:34:38,200 --> 00:34:41,200
Speaker 2: are doing that, and so here we are decision made.

739
00:34:41,320 --> 00:34:45,520
Speaker 2: Ministers have have pulled all the heads together and I think,

740
00:34:45,600 --> 00:34:49,160
Speaker 2: quite pragmatically said come to an agreement and let's get

741
00:34:49,200 --> 00:34:49,520
Speaker 2: on with it.

742
00:34:49,880 --> 00:34:52,720
Speaker 4: Do you win because you look like a better agency.

743
00:34:52,719 --> 00:34:54,600
Speaker 4: In other words, you're buying the flash stuff, and Health

744
00:34:54,640 --> 00:34:56,360
Speaker 4: New Zealand buying the needles.

745
00:34:57,160 --> 00:35:00,120
Speaker 2: I think that it just makes sense that they're doing

746
00:35:00,160 --> 00:35:02,200
Speaker 2: the day to day I mean, why would we get

747
00:35:02,239 --> 00:35:05,680
Speaker 2: involved in as it's not quite the sticking classes, but

748
00:35:05,800 --> 00:35:09,319
Speaker 2: the bandages they need, the hospital beds. You know they're

749
00:35:09,400 --> 00:35:12,120
Speaker 2: living and breathing that every day and they know those needs.

750
00:35:12,280 --> 00:35:15,319
Speaker 2: And then there's the more health technical that we have

751
00:35:15,400 --> 00:35:18,200
Speaker 2: an expertise and that we do in medicines on a

752
00:35:18,280 --> 00:35:21,359
Speaker 2: daily basis. So what have we got, what's coming up,

753
00:35:21,520 --> 00:35:24,520
Speaker 2: what's the therapeutic it can need? The clinical assessment that

754
00:35:24,600 --> 00:35:27,120
Speaker 2: goes alongside of it. So I think it's using the

755
00:35:27,160 --> 00:35:29,279
Speaker 2: best of both agencies effectively.

756
00:35:29,400 --> 00:35:30,320
Speaker 4: Do we save money?

757
00:35:31,520 --> 00:35:34,600
Speaker 2: Yes, definitely save money. I mean we already save money,

758
00:35:34,600 --> 00:35:37,600
Speaker 2: but there is a lot more efficiencies and savings. You've

759
00:35:37,600 --> 00:35:40,799
Speaker 2: got suppliers that are confused as to whom they go

760
00:35:40,920 --> 00:35:43,839
Speaker 2: to to talk about what's coming up. I mean, it's

761
00:35:43,920 --> 00:35:47,040
Speaker 2: exciting the innovation that we've already got, but what's coming

762
00:35:47,080 --> 00:35:49,680
Speaker 2: as far as people being able to be in their

763
00:35:49,680 --> 00:35:52,680
Speaker 2: homes longer because of the technologies that can be put

764
00:35:52,719 --> 00:35:55,080
Speaker 2: in there and the savings that can come from that.

765
00:35:55,320 --> 00:35:58,160
Speaker 2: So I think that there's definitely efficiency.

766
00:35:57,680 --> 00:35:59,360
Speaker 4: Good stuff. Nice to talk to you, paul A Bennett.

767
00:35:59,360 --> 00:36:01,239
Speaker 4: I'm glad we clear that up the farmac chair with

768
00:36:01,320 --> 00:36:04,520
Speaker 4: us this morning, thirteen minutes past seven pasking we're below

769
00:36:04,560 --> 00:36:06,600
Speaker 4: four point five percent on your mortgage one year fixed.

770
00:36:06,640 --> 00:36:08,279
Speaker 4: B and Z's come to the party. And why they

771
00:36:08,280 --> 00:36:10,719
Speaker 4: come to the party, Well, we've got an announcement next week,

772
00:36:10,719 --> 00:36:12,360
Speaker 4: haven't we. And so what's going to happen now is

773
00:36:12,360 --> 00:36:13,719
Speaker 4: B and Z's going to lead the way at four

774
00:36:13,760 --> 00:36:16,040
Speaker 4: point four nine one year fixed, and over the next

775
00:36:16,080 --> 00:36:17,440
Speaker 4: couple of days we're going to have a whole lot

776
00:36:17,480 --> 00:36:20,440
Speaker 4: more announcements from the various banks around the place, proving

777
00:36:20,520 --> 00:36:23,040
Speaker 4: I guess that there's competition. You can probably argue that

778
00:36:23,080 --> 00:36:25,680
Speaker 4: if you want to. But nevertheless, next Wednesday we're going

779
00:36:25,680 --> 00:36:29,720
Speaker 4: to get another cut. There is increasing discussion. I wouldn't

780
00:36:29,719 --> 00:36:32,520
Speaker 4: hold out too much hope, but there isn't increasing discussion.

781
00:36:32,520 --> 00:36:35,640
Speaker 4: Could be fifty, definitely be twenty five. They've got two

782
00:36:35,640 --> 00:36:37,160
Speaker 4: more meetings before the end of the year, so it's

783
00:36:37,160 --> 00:36:39,319
Speaker 4: twenty five and twenty five. Pray to the Lord, it's

784
00:36:39,320 --> 00:36:42,719
Speaker 4: fifty plus twenty five. But nevertheless, here's the problem, and

785
00:36:42,760 --> 00:36:44,120
Speaker 4: this is the other thing to watch for next week.

786
00:36:44,120 --> 00:36:47,479
Speaker 4: It's happening next Wednesday. The Monetary policy statement announcement. Still

787
00:36:47,480 --> 00:36:50,800
Speaker 4: with hawksby, of course, is that yesterday the RB and

788
00:36:50,800 --> 00:36:53,759
Speaker 4: Australia went and they didn't go anywhere. They went and

789
00:36:53,880 --> 00:36:56,520
Speaker 4: held at three point six percent. Is that interesting? Yes,

790
00:36:56,560 --> 00:36:59,319
Speaker 4: it is because we think that that's it for the year.

791
00:36:59,760 --> 00:37:02,839
Speaker 4: Is no more so. They're on a different path to us.

792
00:37:03,080 --> 00:37:05,799
Speaker 4: Have a look at the dollar at eighty seven and

793
00:37:05,960 --> 00:37:08,040
Speaker 4: wonder where that continues to go. What's the track of

794
00:37:08,040 --> 00:37:10,239
Speaker 4: that of we're still cutting in there? Not if their

795
00:37:10,320 --> 00:37:13,200
Speaker 4: story is better than our story, and if the currency

796
00:37:13,360 --> 00:37:17,560
Speaker 4: is the world's view of an economy and we're already

797
00:37:17,600 --> 00:37:21,239
Speaker 4: at eighty seven, how low does it go? Fourteen past.

798
00:37:22,520 --> 00:37:26,960
Speaker 1: The like asking Breakfast Fall Show podcast on iHeartRadio powered

799
00:37:26,960 --> 00:37:27,960
Speaker 1: by news Talks.

800
00:37:27,680 --> 00:37:30,400
Speaker 4: At b are the potential of movie taroff shortly with

801
00:37:30,440 --> 00:37:33,000
Speaker 4: our Trade minister seventeen past seven on the broad subject

802
00:37:33,000 --> 00:37:34,960
Speaker 4: of health, as we were a moment ago, some new

803
00:37:35,040 --> 00:37:37,160
Speaker 4: data around targets for mental health. So the target for

804
00:37:37,239 --> 00:37:40,320
Speaker 4: access was eighty percent first year of reforms, it's landed

805
00:37:40,360 --> 00:37:41,960
Speaker 4: to eighty three point eight, So I guess that's a

806
00:37:42,000 --> 00:37:44,680
Speaker 4: when access to specialist services got over eighty as well.

807
00:37:44,840 --> 00:37:48,120
Speaker 4: Just shorre to eed stays big mess sixty nine percent

808
00:37:48,200 --> 00:37:50,960
Speaker 4: versus that target of ninety five percent. Doctor Dougal Sutherland,

809
00:37:50,960 --> 00:37:53,400
Speaker 4: as clinical psychologist, anders with us Dogle.

810
00:37:53,200 --> 00:37:55,120
Speaker 8: Morning God, morning mate.

811
00:37:55,200 --> 00:37:57,640
Speaker 4: Those numbers all feel about right to you. You see it,

812
00:37:57,680 --> 00:37:58,960
Speaker 4: you see it, you feel it.

813
00:38:00,640 --> 00:38:03,879
Speaker 10: Look to be honest, the access to specialist services was

814
00:38:04,120 --> 00:38:07,520
Speaker 10: a surprise, a positive surprise that that's not necessarily what

815
00:38:07,600 --> 00:38:10,400
Speaker 10: I've kind of heard, but you know that's what the

816
00:38:10,400 --> 00:38:13,640
Speaker 10: stats say, so we'll accept that, and that's positive.

817
00:38:13,640 --> 00:38:15,919
Speaker 5: I think getting yeah good.

818
00:38:15,960 --> 00:38:18,640
Speaker 4: Regionally, three out of four got it. The South Island

819
00:38:18,719 --> 00:38:20,799
Speaker 4: is a mess. So we're still sort of talking post

820
00:38:20,880 --> 00:38:21,839
Speaker 4: code stuff, are we.

821
00:38:23,080 --> 00:38:23,839
Speaker 17: Yeah, a little bit.

822
00:38:23,880 --> 00:38:26,240
Speaker 10: And if you drill down even further by kind of district,

823
00:38:26,520 --> 00:38:29,920
Speaker 10: you know, some some areas West Coast fifty seven percent,

824
00:38:30,040 --> 00:38:32,520
Speaker 10: Northland fifty eight percent, so they are you know, some

825
00:38:32,640 --> 00:38:37,000
Speaker 10: of those rural areas have have always been difficult to service. Well,

826
00:38:37,560 --> 00:38:40,480
Speaker 10: they've spread out geographical areas and it's always been difficult

827
00:38:40,480 --> 00:38:42,920
Speaker 10: and they're still lagging behind a long way. So it

828
00:38:42,960 --> 00:38:44,160
Speaker 10: still is some post code stuff.

829
00:38:44,160 --> 00:38:46,880
Speaker 4: Absolutely, So what has happened here? Is it more money

830
00:38:47,040 --> 00:38:49,640
Speaker 4: or is it deficiency of money or more people or

831
00:38:49,680 --> 00:38:50,080
Speaker 4: all of that?

832
00:38:51,040 --> 00:38:51,360
Speaker 5: Yeah?

833
00:38:51,360 --> 00:38:53,520
Speaker 10: Probably, I don't know if it's all. I don't know

834
00:38:53,560 --> 00:38:55,920
Speaker 10: if it's more people. They're still not training the promised

835
00:38:55,960 --> 00:38:58,800
Speaker 10: five hundred people more per year that the that was

836
00:38:58,840 --> 00:39:01,200
Speaker 10: one of the targets. So not sure if it's more people,

837
00:39:01,239 --> 00:39:05,360
Speaker 10: but perhaps more efficiency. I would imagine that there'll be

838
00:39:05,640 --> 00:39:08,640
Speaker 10: some siphoning or not that's not the right word, targeting

839
00:39:08,680 --> 00:39:12,480
Speaker 10: of funding towards those areas to meet those those targets,

840
00:39:12,520 --> 00:39:14,440
Speaker 10: which is which is one of the benefits of having

841
00:39:14,480 --> 00:39:15,280
Speaker 10: targets and goals.

842
00:39:15,280 --> 00:39:17,839
Speaker 4: I guess, Okay, explain the six hours and ned, how

843
00:39:17,880 --> 00:39:19,680
Speaker 4: do you know an ED, whether it's a mental health

844
00:39:19,680 --> 00:39:23,160
Speaker 4: case or just a regular medical case, and are they

845
00:39:23,520 --> 00:39:25,560
Speaker 4: given the d D S a shambles anyway? Are you

846
00:39:25,560 --> 00:39:26,880
Speaker 4: ever going to get to the target?

847
00:39:27,880 --> 00:39:31,640
Speaker 10: Yeah, look, I say, you know that that'll be when

848
00:39:31,680 --> 00:39:33,200
Speaker 10: people present a d D You know, you go up

849
00:39:33,200 --> 00:39:36,160
Speaker 10: and get triaged and you basically say why you're here,

850
00:39:36,200 --> 00:39:38,279
Speaker 10: And people would at that stage so that they're here

851
00:39:38,320 --> 00:39:40,799
Speaker 10: for some sort of mental health issue, or they've been

852
00:39:40,800 --> 00:39:42,760
Speaker 10: brought in by the police or the nearest and dearest.

853
00:39:42,840 --> 00:39:45,280
Speaker 10: So that's the way that you'd identify it very quickly

854
00:39:45,320 --> 00:39:48,040
Speaker 10: at triage. But yeah, I think that that that issue

855
00:39:48,040 --> 00:39:51,400
Speaker 10: is all tied up with with the just huge pressure

856
00:39:51,440 --> 00:39:54,320
Speaker 10: that our eds are on under at the moment. And

857
00:39:54,960 --> 00:39:57,239
Speaker 10: I think that's that's almost I think a separate issue

858
00:39:57,280 --> 00:39:57,959
Speaker 10: from mental health.

859
00:39:58,000 --> 00:39:58,839
Speaker 5: That needs to be that.

860
00:39:59,040 --> 00:40:01,719
Speaker 10: Yeah, that needs to be look separately apart from this.

861
00:40:01,840 --> 00:40:03,960
Speaker 4: I think that's how I was seeing. Are you broadly

862
00:40:04,000 --> 00:40:06,200
Speaker 4: speaking optimistic iman mental health? I mean, how long are

863
00:40:06,200 --> 00:40:08,800
Speaker 4: we're doing mental health interviews? I mean, you know, forever

864
00:40:09,280 --> 00:40:10,800
Speaker 4: we are we heading in the right direction.

865
00:40:12,920 --> 00:40:16,399
Speaker 10: Yeah, Look, I'm cautiously optimistic. I've give him a past mark.

866
00:40:16,440 --> 00:40:19,680
Speaker 10: There's still room for improvement. But look, I do think

867
00:40:19,719 --> 00:40:21,879
Speaker 10: it's useful having a Minister for mental health. I think

868
00:40:21,960 --> 00:40:24,279
Speaker 10: it brings the focus onto that area. When you've got

869
00:40:24,280 --> 00:40:27,560
Speaker 10: a minister, people focus on things, and so I think, yep,

870
00:40:27,600 --> 00:40:32,400
Speaker 10: we're slowly edging towards it. Is there room for improvement, absolutely,

871
00:40:32,480 --> 00:40:33,960
Speaker 10: but are we getting there?

872
00:40:34,080 --> 00:40:34,319
Speaker 17: Yeah?

873
00:40:34,360 --> 00:40:34,759
Speaker 3: I think so.

874
00:40:34,920 --> 00:40:38,520
Speaker 4: Good stuff. Doogle appreciate your insight, Doctor Dougal Southerland, clinical psychologist.

875
00:40:38,560 --> 00:40:41,200
Speaker 4: Which reminds me of that herald boardroom thing last week.

876
00:40:41,280 --> 00:40:43,280
Speaker 4: How much of that was just image? Do you reckon?

877
00:40:43,320 --> 00:40:45,759
Speaker 4: Because Doosey didn't score well, he's the Minister of mental Health,

878
00:40:45,800 --> 00:40:47,719
Speaker 4: he didn't score well. You've just heard a doctor saying

879
00:40:47,719 --> 00:40:49,560
Speaker 4: he's doing a reasonably good job. So how much of

880
00:40:49,600 --> 00:40:50,919
Speaker 4: it was CEO's game?

881
00:40:51,160 --> 00:40:51,359
Speaker 5: Doc?

882
00:40:51,920 --> 00:40:54,319
Speaker 4: Yeah, Doocy, I can't remember. I'll give him two point

883
00:40:54,320 --> 00:40:57,040
Speaker 4: three best story of the day for me. By the ways,

884
00:40:57,120 --> 00:41:00,359
Speaker 4: these doctors who are staying in New Zealand, so they're

885
00:41:00,360 --> 00:41:02,640
Speaker 4: all leaving the country. Ninety percent of doctors are graduate

886
00:41:02,760 --> 00:41:05,600
Speaker 4: stay so the whole business of leaving the country simply

887
00:41:05,640 --> 00:41:07,040
Speaker 4: isn't true. Which is encouraging, isn't it.

888
00:41:07,080 --> 00:41:14,000
Speaker 1: Seven twenty The Mike Asking Breakfast Full Show podcast on iHeartRadio,

889
00:41:14,360 --> 00:41:15,560
Speaker 1: how It by News Talk.

890
00:41:15,480 --> 00:41:20,200
Speaker 4: Zeb first of October, which means what it ends today,

891
00:41:20,239 --> 00:41:23,000
Speaker 4: What ends today. The Chemist Warehouse Spring Frenzy megasale ends

892
00:41:23,000 --> 00:41:25,000
Speaker 4: today midnight tonight, so you've got to get in store,

893
00:41:25,080 --> 00:41:26,560
Speaker 4: do it online if you're liking you don't want to

894
00:41:26,560 --> 00:41:29,399
Speaker 4: miss out up to half price off their everyday low

895
00:41:29,440 --> 00:41:32,600
Speaker 4: prices on these big brand vitamins and cosmetics. Chemists Warehouse.

896
00:41:32,600 --> 00:41:34,000
Speaker 4: They are the home, of course, to the biggest range

897
00:41:34,000 --> 00:41:36,600
Speaker 4: of Go Healthy in Clinicians vitamins. They're up to half price.

898
00:41:37,120 --> 00:41:39,640
Speaker 4: You'll find health Reason Neutral Art vitamins up to half price.

899
00:41:39,680 --> 00:41:42,440
Speaker 4: Brows the Chemist Warehouse range of Good Health or Meet

900
00:41:42,440 --> 00:41:44,840
Speaker 4: Today vitamins, They're up to half price. Shop your favorite

901
00:41:44,840 --> 00:41:47,680
Speaker 4: sweets and Nature's Way vitamins. You've guessed it, up to

902
00:41:47,719 --> 00:41:51,360
Speaker 4: half price. Cosmetics yes, yes, yes, yes, W seven, Laurel,

903
00:41:51,440 --> 00:41:54,120
Speaker 4: Maybe Lean, Revlon, all up to half price in Today's

904
00:41:54,160 --> 00:41:56,759
Speaker 4: the last day to stock up on those vitamins and cosmetics.

905
00:41:56,800 --> 00:41:59,439
Speaker 4: To make the most of the incredible Chemist Warehouse Spring

906
00:41:59,480 --> 00:42:02,120
Speaker 4: Frenzy Megas sale, you'll have to be quick midnight tonight

907
00:42:02,480 --> 00:42:07,480
Speaker 4: in store online at Chemist Warehouse and remember stop paying

908
00:42:07,520 --> 00:42:10,000
Speaker 4: too much. Task E seven twenty four hour the Diston

909
00:42:10,040 --> 00:42:12,680
Speaker 4: Street building debarcle. I'm thinking to myself yesterday afternoon, the

910
00:42:12,680 --> 00:42:15,320
Speaker 4: Dickson Street building debarcle surely allows us to ask some

911
00:42:15,440 --> 00:42:17,799
Speaker 4: questions of the treaty process, doesn't it? If you missed it,

912
00:42:18,200 --> 00:42:21,040
Speaker 4: Dickson Street Department's Wellington sold for a million dollars to

913
00:42:21,080 --> 00:42:23,480
Speaker 4: Local mari under their treaty deal. The treaty deal had

914
00:42:23,480 --> 00:42:27,600
Speaker 4: a first right of refusal clause. Now, my assumption, clearly

915
00:42:27,680 --> 00:42:30,840
Speaker 4: incorrectly is you would get first right of refusal based

916
00:42:30,840 --> 00:42:34,279
Speaker 4: on the idea that something of cultural or historic significance

917
00:42:34,360 --> 00:42:36,880
Speaker 4: was coming to the market, and as local EWE, you

918
00:42:36,880 --> 00:42:39,080
Speaker 4: wouldn't want to miss that opportunity. I didn't realize this

919
00:42:39,200 --> 00:42:41,520
Speaker 4: was a commercial free for all where anything and everything

920
00:42:41,520 --> 00:42:44,920
Speaker 4: for sale goes to Local Mariy first. Further, I had assumed,

921
00:42:44,960 --> 00:42:48,600
Speaker 4: clearly wrongly again that in having a first writer of refusal,

922
00:42:48,680 --> 00:42:52,320
Speaker 4: that meant the long lost treasure, whether historic or cultural,

923
00:42:52,600 --> 00:42:54,920
Speaker 4: would be returned to SAIDI we to be honored and

924
00:42:54,960 --> 00:42:58,200
Speaker 4: looked after imperpetuity, not flecked off the quick profit. So

925
00:42:58,280 --> 00:43:01,640
Speaker 4: obviously nothing like that is remotely part of the treaty deal.

926
00:43:01,680 --> 00:43:05,400
Speaker 4: So first question, why not? Next question, is if it isn't,

927
00:43:05,800 --> 00:43:08,760
Speaker 4: is it commercially acceptable to have a race based clause

928
00:43:08,800 --> 00:43:11,799
Speaker 4: when it comes to real estate? And even if it is,

929
00:43:11,800 --> 00:43:14,759
Speaker 4: is it commercially acceptable to sell stuff cheap for If

930
00:43:14,800 --> 00:43:16,880
Speaker 4: you haven't followed the story, five minutes after buying the

931
00:43:16,880 --> 00:43:18,680
Speaker 4: building for a million bucks, the new owner sold it

932
00:43:18,719 --> 00:43:21,480
Speaker 4: for three million. So under a special deal signed for

933
00:43:21,719 --> 00:43:25,479
Speaker 4: on our behalf by our government, we the taxpayer, lose

934
00:43:25,520 --> 00:43:28,839
Speaker 4: two million dollars on one building. Next question, how could

935
00:43:28,840 --> 00:43:31,960
Speaker 4: a crown agency I Eking Aura think a million dollars

936
00:43:32,000 --> 00:43:34,080
Speaker 4: was a good price for something that was clearly worth

937
00:43:34,080 --> 00:43:36,839
Speaker 4: three million? And in that is the problem, of course,

938
00:43:36,880 --> 00:43:41,440
Speaker 4: of not involving the free market. Next question, did anyone

939
00:43:41,480 --> 00:43:44,479
Speaker 4: involved in the cloistered deal know what they were doing?

940
00:43:44,880 --> 00:43:48,920
Speaker 4: And if not, given its taxpayer's dosh, why not? Another question?

941
00:43:49,400 --> 00:43:52,080
Speaker 4: Was the treaty process designed so tribes could get into

942
00:43:52,080 --> 00:43:55,120
Speaker 4: the real estate speculation? At what point was a treaty

943
00:43:55,160 --> 00:43:59,080
Speaker 4: settlement about putting past wrongs right versus turning tribes into speculators.

944
00:43:59,520 --> 00:44:02,200
Speaker 4: This was a bad deal. The original owners of Dixon

945
00:44:02,239 --> 00:44:06,920
Speaker 4: Street I US got stiffed and we got stiffed because

946
00:44:06,960 --> 00:44:09,560
Speaker 4: of a race based real estate clause that arguably should

947
00:44:09,560 --> 00:44:11,800
Speaker 4: never been part of an historic arrangement in the first place.

948
00:44:12,000 --> 00:44:14,520
Speaker 4: Final question, what are we going to do about it?

949
00:44:14,640 --> 00:44:17,960
Speaker 4: Or more worryingly, is there anything we can do about

950
00:44:18,000 --> 00:44:18,880
Speaker 4: it at all?

951
00:44:19,480 --> 00:44:20,480
Speaker 5: Asking Mike.

952
00:44:20,560 --> 00:44:22,680
Speaker 4: New Zealand's got a confidence crisis at the moment, both

953
00:44:22,719 --> 00:44:25,439
Speaker 4: domestically and internationally. Domestically, the media is all over any

954
00:44:25,440 --> 00:44:28,799
Speaker 4: bad news, and internationally investacy and opposition government that's going

955
00:44:28,800 --> 00:44:30,920
Speaker 4: to reverse any progressive moves the minute they get in

956
00:44:31,000 --> 00:44:33,080
Speaker 4: the currency might tell the story, well it's not a

957
00:44:33,080 --> 00:44:36,200
Speaker 4: bad point, but you I mean, eighty was the day

958
00:44:37,680 --> 00:44:39,800
Speaker 4: when you go to Australia and you're going you're standing

959
00:44:39,840 --> 00:44:42,400
Speaker 4: there in Myers and Burke Street mall, or you're at

960
00:44:42,480 --> 00:44:44,560
Speaker 4: David Jones and you're saying to yourself, or it's a

961
00:44:44,560 --> 00:44:46,719
Speaker 4: one hundred Australian dollars, how much that's New zeal It's

962
00:44:46,719 --> 00:44:48,520
Speaker 4: about one hundred and one dollars fifty, isn't it, because

963
00:44:48,520 --> 00:44:51,000
Speaker 4: I mean it's ninety six ninety seven cents. And every

964
00:44:51,040 --> 00:44:52,680
Speaker 4: now and again we have that parity thing, you know,

965
00:44:52,680 --> 00:44:54,440
Speaker 4: once upon a time we have or can we get

966
00:44:54,440 --> 00:44:56,080
Speaker 4: to parity? We never get to parity, of course, but

967
00:44:56,120 --> 00:44:58,360
Speaker 4: we get close enough. So therefore it's roughly dollar for

968
00:44:58,400 --> 00:45:01,960
Speaker 4: dollar now TODA eighty seven. I mean that's materially different.

969
00:45:02,000 --> 00:45:04,920
Speaker 4: It's like being in Europe. Europe used to be sixty,

970
00:45:04,960 --> 00:45:06,759
Speaker 4: the euro used to be sixteen, and you're going you

971
00:45:06,920 --> 00:45:09,440
Speaker 4: just add ten and do your numbers and suddenly it's

972
00:45:09,480 --> 00:45:14,080
Speaker 4: forty eight. And as for the pound, that's a joke.

973
00:45:14,400 --> 00:45:16,719
Speaker 4: You're like tripling it. If it's thirty pounds, it's one

974
00:45:16,760 --> 00:45:22,560
Speaker 4: hundred bucks. Anyway, tariffs, here's your next problem to worry about.

975
00:45:22,560 --> 00:45:24,719
Speaker 4: One hundred percent on movies. We tend to make a

976
00:45:24,719 --> 00:45:27,840
Speaker 4: few movies in this country. What if anything, can we

977
00:45:27,880 --> 00:45:28,360
Speaker 4: do about that?

978
00:45:28,719 --> 00:45:33,840
Speaker 1: Trade Minister is next asking the questions others won't the

979
00:45:34,040 --> 00:45:37,759
Speaker 1: mic asking Breakfast with Bailey's Real Estate covering all your

980
00:45:37,800 --> 00:45:38,720
Speaker 1: real estate needs.

981
00:45:38,800 --> 00:45:39,800
Speaker 5: News dogs head.

982
00:45:39,640 --> 00:45:43,600
Speaker 4: Be Politics Wednesday, Mark Mitchell, Judy Anderson. Of course it's

983
00:45:43,640 --> 00:45:46,000
Speaker 4: pretty three minutes away from it. Yes, we've got some

984
00:45:46,040 --> 00:45:49,040
Speaker 4: more names today for the big prize package to Melbourne

985
00:45:49,080 --> 00:45:53,759
Speaker 4: for the Big Race next year. It's Friday six, Saturday seven,

986
00:45:53,840 --> 00:45:56,759
Speaker 4: Sunday eight in Melbourne. So more on that shortly. Now,

987
00:45:56,960 --> 00:45:58,319
Speaker 4: what don't we make at the Trump by deuar of

988
00:45:58,360 --> 00:46:00,719
Speaker 4: tariffs on movies? You floated at the back. Of course,

989
00:46:00,719 --> 00:46:02,719
Speaker 4: it came to nothing until yesterday when he decided one

990
00:46:02,760 --> 00:46:05,040
Speaker 4: hundred percent was a good number. Tod mcclay's the trade

991
00:46:05,040 --> 00:46:06,799
Speaker 4: minister's back. Well, it's Todd morning.

992
00:46:07,600 --> 00:46:08,359
Speaker 14: Till it's good.

993
00:46:08,600 --> 00:46:12,120
Speaker 4: Goddamn Now this must make your life hell, mustn't it?

994
00:46:12,200 --> 00:46:14,680
Speaker 4: Given this is just all of these things are constantly

995
00:46:14,680 --> 00:46:15,760
Speaker 4: moving targets.

996
00:46:16,280 --> 00:46:19,560
Speaker 16: Yeah, it's the uncertainty that's most challenging, not only for

997
00:46:19,600 --> 00:46:21,920
Speaker 16: New Zealand exporters, but I was in Malaysia last week

998
00:46:21,920 --> 00:46:23,880
Speaker 16: with a lot of other trade ministers. They are all

999
00:46:24,280 --> 00:46:27,640
Speaker 16: dealing with exactly the same thing, you know, a rolling

1000
00:46:27,680 --> 00:46:30,719
Speaker 16: mall of announcements, some of which actually have substance with

1001
00:46:30,960 --> 00:46:34,720
Speaker 16: behind them. We've seen an announcement over soft wood, timber

1002
00:46:34,760 --> 00:46:36,719
Speaker 16: and so on into the US. You just hit with

1003
00:46:36,800 --> 00:46:40,000
Speaker 16: for New Zealand, a ten percent tariff for Canada where

1004
00:46:40,040 --> 00:46:42,160
Speaker 16: they get most of it from to build their houses

1005
00:46:42,480 --> 00:46:46,160
Speaker 16: fifty seven percent, so very high. But ultimately we also

1006
00:46:46,239 --> 00:46:49,120
Speaker 16: see these truth social announcements which aren't really announcements, and

1007
00:46:49,120 --> 00:46:53,080
Speaker 16: it's creating great uncertainty. Hollywood will not know what's going on.

1008
00:46:53,200 --> 00:46:54,920
Speaker 16: But you know, our film ministry too are right to

1009
00:46:54,960 --> 00:46:55,680
Speaker 16: be concerned.

1010
00:46:56,120 --> 00:46:59,160
Speaker 4: Does he have a point? This is Trump and this

1011
00:46:59,320 --> 00:47:02,680
Speaker 4: whole subsetce thing is an artificial market and it is

1012
00:47:02,719 --> 00:47:05,239
Speaker 4: a race to the bottom. And therefore, if you take

1013
00:47:05,280 --> 00:47:08,400
Speaker 4: his view of the world, he's right, isn't he Well?

1014
00:47:08,600 --> 00:47:11,600
Speaker 16: No, well, I mean American states and solves do it.

1015
00:47:11,719 --> 00:47:13,799
Speaker 16: And it's a very competitive industry. But if you think

1016
00:47:13,800 --> 00:47:15,759
Speaker 16: about how a film is made, you know, in some

1017
00:47:15,800 --> 00:47:18,120
Speaker 16: countries the whole film will be made there. But if

1018
00:47:18,160 --> 00:47:20,360
Speaker 16: you're doing something and I don't know Auckland, the film

1019
00:47:20,400 --> 00:47:23,200
Speaker 16: that's got views of Auckland and a door Paris with

1020
00:47:23,239 --> 00:47:25,560
Speaker 16: the Eiffel Tower, you don't build a new one in

1021
00:47:25,600 --> 00:47:27,799
Speaker 16: a studio in Hollywood. You go out and do some

1022
00:47:27,840 --> 00:47:29,960
Speaker 16: of the filming there and you come back. The second

1023
00:47:29,960 --> 00:47:32,000
Speaker 16: thing that I think is being missed in the wider

1024
00:47:32,040 --> 00:47:35,520
Speaker 16: discussion about these tariffs is the US makes more money

1025
00:47:35,520 --> 00:47:38,680
Speaker 16: from the world selling films to them then the rest

1026
00:47:38,719 --> 00:47:41,720
Speaker 16: of US get from helping them make better quality films.

1027
00:47:41,960 --> 00:47:44,240
Speaker 16: And so ultimately, this is the first time the presence

1028
00:47:44,280 --> 00:47:47,600
Speaker 16: announced anything in services. Every other tariff has been on

1029
00:47:47,680 --> 00:47:49,960
Speaker 16: good to tangible, good to meet the dairy, the stuff

1030
00:47:50,000 --> 00:47:53,040
Speaker 16: like that, right, and it's not clear how this will.

1031
00:47:52,840 --> 00:47:56,840
Speaker 4: Work Yeah, how would you kell, I mean, if you

1032
00:47:56,920 --> 00:47:59,560
Speaker 4: were his advisor and a bit of it was made

1033
00:47:59,600 --> 00:48:01,400
Speaker 4: in New zad a bit of it on Ireland, and

1034
00:48:01,440 --> 00:48:03,799
Speaker 4: some of it in America, how would you slice that up?

1035
00:48:04,320 --> 00:48:06,760
Speaker 16: Well, that's the bit if you think about the first

1036
00:48:06,800 --> 00:48:09,720
Speaker 16: announcement he made around you know, the very first tariffs

1037
00:48:09,719 --> 00:48:12,799
Speaker 16: for the whole world. It was based upon he said,

1038
00:48:12,960 --> 00:48:14,960
Speaker 16: different tariff rates, and it wasn't. They just had to

1039
00:48:14,960 --> 00:48:17,040
Speaker 16: come up with a formula. When he put to US

1040
00:48:17,040 --> 00:48:19,440
Speaker 16: from ten percent to fifteen percent, it was as arbitrary

1041
00:48:19,440 --> 00:48:21,960
Speaker 16: as every country in the world that had a trade

1042
00:48:22,000 --> 00:48:26,399
Speaker 16: surplus last year against the US is fifteen percent or more.

1043
00:48:26,480 --> 00:48:28,480
Speaker 16: And so you know, my advice, if I was an

1044
00:48:28,480 --> 00:48:30,759
Speaker 16: advisor to the president, is a better way to shore

1045
00:48:30,840 --> 00:48:33,800
Speaker 16: up the US economy and to drive investment in growth.

1046
00:48:34,040 --> 00:48:36,680
Speaker 16: But he did a campaign on tariffs and he is

1047
00:48:36,760 --> 00:48:38,880
Speaker 16: doing what he said he was going to do. From

1048
00:48:38,960 --> 00:48:40,680
Speaker 16: New Zealand point of view. For the film industry as

1049
00:48:40,680 --> 00:48:44,200
Speaker 16: an example, though very competitive, have a very very high reputation.

1050
00:48:44,360 --> 00:48:47,279
Speaker 16: I've got a call later today with a number of

1051
00:48:47,920 --> 00:48:52,440
Speaker 16: producers and filmmakers and actors predominantly New Zealanders but are

1052
00:48:52,520 --> 00:48:54,680
Speaker 16: very involved in Hollywood to see what they think, what

1053
00:48:54,719 --> 00:48:57,439
Speaker 16: the studios are saying. But in the meantime, they're telling

1054
00:48:57,480 --> 00:48:59,000
Speaker 16: me films are still going to be made here out

1055
00:48:59,000 --> 00:49:02,720
Speaker 16: of the US, irrespective of what happens there. And about

1056
00:49:02,760 --> 00:49:04,919
Speaker 16: two thirds of all of the movie industry and filming

1057
00:49:04,960 --> 00:49:06,839
Speaker 16: its in New Zealand comes from the rest of the world,

1058
00:49:06,840 --> 00:49:09,319
Speaker 16: not the US, So look that resilient. They'll still do well.

1059
00:49:09,360 --> 00:49:11,600
Speaker 16: We're just going to work out what this means and

1060
00:49:11,680 --> 00:49:14,600
Speaker 16: look for ways that are non financial to help our

1061
00:49:14,640 --> 00:49:16,560
Speaker 16: films set there because it is important to New Zealand.

1062
00:49:16,680 --> 00:49:18,800
Speaker 4: Why I've got your India FTA.

1063
00:49:18,960 --> 00:49:22,319
Speaker 16: Any movement, Yes, there is a movement there. We're making

1064
00:49:22,440 --> 00:49:25,320
Speaker 16: very very good progress, although it's challenging in the areas.

1065
00:49:25,520 --> 00:49:27,760
Speaker 16: We just had our third formal round in New Zealand

1066
00:49:28,320 --> 00:49:31,799
Speaker 16: two weeks ago. I would say maybe sixty percent of

1067
00:49:31,880 --> 00:49:35,480
Speaker 16: the agreement is done and we've finalized it, but of

1068
00:49:35,520 --> 00:49:38,200
Speaker 16: course the hard stuff about you know, the goods we

1069
00:49:38,239 --> 00:49:40,839
Speaker 16: want to sell them and vice versa comes towards the end.

1070
00:49:41,040 --> 00:49:43,800
Speaker 16: So we're making really good progress. In part that's because

1071
00:49:44,040 --> 00:49:45,600
Speaker 16: the Prime Minister and I have put a lot of

1072
00:49:45,640 --> 00:49:49,399
Speaker 16: effort into building that relationship. But you know, consequently, because

1073
00:49:49,440 --> 00:49:51,279
Speaker 16: of what America is doing. Other parts of the world

1074
00:49:51,280 --> 00:49:53,680
Speaker 16: are keen to do deals and give certainty. So you know,

1075
00:49:53,800 --> 00:49:56,880
Speaker 16: we said we would get it done before the election

1076
00:49:57,000 --> 00:49:57,840
Speaker 16: this term of parliament.

1077
00:49:57,960 --> 00:49:58,680
Speaker 3: We're going to do it.

1078
00:49:58,719 --> 00:50:01,480
Speaker 4: Good stop us to catch up. McLay, who's the Trade Minister.

1079
00:50:01,520 --> 00:50:04,439
Speaker 4: Speaking of India, by the way, this is a proper

1080
00:50:04,520 --> 00:50:08,160
Speaker 4: of nothing. Alahbad High Court, oldest and most prestigious in India.

1081
00:50:08,880 --> 00:50:11,680
Speaker 4: It's got a backlog. There's more than a million cases pending.

1082
00:50:12,160 --> 00:50:16,000
Speaker 4: Most overburdened court in India. They had one guy who

1083
00:50:16,040 --> 00:50:17,919
Speaker 4: bought a house in nineteen ninety two and the guy

1084
00:50:17,960 --> 00:50:21,799
Speaker 4: bought the house from disputed the transaction, so they went

1085
00:50:21,800 --> 00:50:23,840
Speaker 4: to court nineteen ninety two. They're still waiting for it

1086
00:50:23,880 --> 00:50:27,440
Speaker 4: to be resolved all these years later. Not enough judges,

1087
00:50:27,719 --> 00:50:32,520
Speaker 4: poor infrastructure, delays and police investigation, frequent adjournments. Each judge

1088
00:50:33,160 --> 00:50:37,719
Speaker 4: faces hundreds of cases a day a day, sometimes as

1089
00:50:37,800 --> 00:50:39,719
Speaker 4: many as a thousand cases a day, and they only

1090
00:50:39,760 --> 00:50:41,520
Speaker 4: work five hours a day. So if you work that out,

1091
00:50:41,520 --> 00:50:43,439
Speaker 4: that's less than a minute per case, which of course

1092
00:50:43,480 --> 00:50:45,319
Speaker 4: means no cases keept seen and before you know it,

1093
00:50:45,320 --> 00:50:48,959
Speaker 4: there's a backlog of a million cases. Eighteen to two.

1094
00:50:49,880 --> 00:50:54,400
Speaker 1: The MI Casting Breakfast Full Show podcast on iHeartRadio powered

1095
00:50:54,400 --> 00:50:58,439
Speaker 1: by the News Talks at B seven forty five when

1096
00:50:58,600 --> 00:51:02,920
Speaker 1: the Ultimate VIP race Experience in Melbourne with Visa and

1097
00:51:03,160 --> 00:51:04,760
Speaker 1: used TALKSB.

1098
00:51:04,160 --> 00:51:06,959
Speaker 4: Five hundred dollars cash to the first name who calls through.

1099
00:51:07,000 --> 00:51:10,799
Speaker 4: We've got Koura pooh Lava, We've got Rene Sandri, and

1100
00:51:10,840 --> 00:51:16,480
Speaker 4: we've got Gabridiel Figarillo Porter, the most exotic name we've

1101
00:51:16,520 --> 00:51:20,800
Speaker 4: had so far in the contest. Gabriel Figarillo Porter. Also

1102
00:51:20,880 --> 00:51:22,680
Speaker 4: Rennie Sandre. Don't feel bad that your name is not,

1103
00:51:22,719 --> 00:51:26,359
Speaker 4: as you know, flamboyant is at in Koura Pulava. I mean,

1104
00:51:26,400 --> 00:51:27,759
Speaker 4: your name is your name. It's nothing you do about

1105
00:51:27,760 --> 00:51:29,480
Speaker 4: your name. First one and it's five hundred dollars. And

1106
00:51:29,480 --> 00:51:32,200
Speaker 4: of course, if you haven't registered yet Used TALKSB Doco

1107
00:51:32,239 --> 00:51:35,400
Speaker 4: dot in zedport slash Visa fabulous prize, business class tickets

1108
00:51:35,400 --> 00:51:38,080
Speaker 4: for two, two Melbourne accommodation for two in Melbourne, two

1109
00:51:38,080 --> 00:51:41,400
Speaker 4: Premium hospitality Melbourne Race Weekend passes. This is March next year.

1110
00:51:41,520 --> 00:51:44,160
Speaker 4: Track experience for two. That's something never to be forgotten.

1111
00:51:44,360 --> 00:51:46,520
Speaker 4: A couple of thousand dollars spinning money. You can't go wrong.

1112
00:51:46,560 --> 00:51:49,200
Speaker 4: There By the way, let me come back to the

1113
00:51:49,280 --> 00:51:51,279
Speaker 4: Maori issue. The Dixon treat flat. So I may raise

1114
00:51:51,320 --> 00:51:53,160
Speaker 4: it with Mark and Ginny after eight o'clock, but the

1115
00:51:53,239 --> 00:51:56,560
Speaker 4: Maori lawyers as a group of it's the Murray Lawyer Society.

1116
00:51:57,000 --> 00:51:59,440
Speaker 4: This is in response to Goldsmith who came and I

1117
00:51:59,520 --> 00:52:02,279
Speaker 4: raised this with Luxon on Monday, and I thought he

1118
00:52:02,320 --> 00:52:04,840
Speaker 4: made a not unreasonable point, his point being that this

1119
00:52:05,000 --> 00:52:09,279
Speaker 4: bespoke stuff that's going on in our court system, the

1120
00:52:09,360 --> 00:52:12,960
Speaker 4: bespoke stuff going on in our court system potentially, he argues,

1121
00:52:13,040 --> 00:52:17,560
Speaker 4: puts off international investors because they don't understand the legal system.

1122
00:52:17,640 --> 00:52:20,239
Speaker 4: They go, well, we understand what we thought was the

1123
00:52:20,320 --> 00:52:22,560
Speaker 4: legal system, but then you've got all these little individual

1124
00:52:22,600 --> 00:52:24,720
Speaker 4: decisions that have been made, and so he was suggesting.

1125
00:52:24,760 --> 00:52:28,359
Speaker 4: Goldsmith was suggesting, are the government's going to not be

1126
00:52:28,400 --> 00:52:32,400
Speaker 4: fearful of legislating over the top of that. Well, the

1127
00:52:32,400 --> 00:52:34,600
Speaker 4: Mari Law Society came back and said that t kunga

1128
00:52:34,640 --> 00:52:37,200
Speaker 4: mauri and it's not it's not a bad argument, mind you.

1129
00:52:37,200 --> 00:52:39,759
Speaker 4: They're bright people, their lawyers. Ta Kanga Mai is not

1130
00:52:39,800 --> 00:52:43,000
Speaker 4: a bolt on that makes New Zealand law bespoke. It's

1131
00:52:43,000 --> 00:52:45,960
Speaker 4: aative in a negative sense. It actually strengthens the rule

1132
00:52:45,960 --> 00:52:48,359
Speaker 4: of law. The government was absolutely prepared to legislate over

1133
00:52:48,400 --> 00:52:50,839
Speaker 4: the top of the judgments. They say this in an

1134
00:52:50,880 --> 00:52:54,000
Speaker 4: open letter. Ta Kunga is the first law of New

1135
00:52:54,120 --> 00:52:57,439
Speaker 4: Zealand and has been recognized for generations in statutes, court

1136
00:52:57,480 --> 00:53:03,080
Speaker 4: decisions and treated jurisudence. All legal systems are by definition

1137
00:53:03,719 --> 00:53:07,279
Speaker 4: shaped by their own histories and values. The common law

1138
00:53:07,320 --> 00:53:10,919
Speaker 4: itself is bespoke to the communities that develop it. That's

1139
00:53:11,000 --> 00:53:14,320
Speaker 4: not a bad point. I thought implication of the minister's

1140
00:53:14,320 --> 00:53:19,160
Speaker 4: comments that Teacunger was inherently unpredictable was wrong. Judicial recognition

1141
00:53:19,200 --> 00:53:23,680
Speaker 4: of Teacunger has been careful, principled, and incremental, anchored in

1142
00:53:23,760 --> 00:53:28,720
Speaker 4: the same legal standards of reasonableness, good faith, and proportionality

1143
00:53:28,760 --> 00:53:32,320
Speaker 4: that underpin all judicial reasonings. Now I'm not an expert

1144
00:53:32,800 --> 00:53:35,919
Speaker 4: on Teacunger, and therefore I don't know that that part

1145
00:53:36,040 --> 00:53:39,600
Speaker 4: is true, and whether it is principled or careful, or incremental,

1146
00:53:40,320 --> 00:53:42,880
Speaker 4: or anchored in the same legal standards of fairness, reasonable

1147
00:53:42,920 --> 00:53:46,040
Speaker 4: as good faith in proportionality. But even if I take

1148
00:53:46,040 --> 00:53:49,200
Speaker 4: them at their word, overall, it isn't a bad argument.

1149
00:53:49,239 --> 00:53:52,560
Speaker 4: But the bit about just common law being bespoke, because

1150
00:53:52,880 --> 00:53:56,720
Speaker 4: common law is developed by the very process of being

1151
00:53:56,880 --> 00:54:01,439
Speaker 4: in court in that system, in that country. I don't

1152
00:54:01,480 --> 00:54:03,000
Speaker 4: know that you can argue with them, ken you. I

1153
00:54:03,000 --> 00:54:09,520
Speaker 4: think Murray Law Society one Goldsmith Nell eleven away from eight.

1154
00:54:10,520 --> 00:54:13,719
Speaker 1: The make Hosking breakfast with the land Rover defender and

1155
00:54:13,800 --> 00:54:14,560
Speaker 1: use togs dead b.

1156
00:54:14,760 --> 00:54:16,839
Speaker 4: MI like the idea that tea Hunger is incremental tells

1157
00:54:16,920 --> 00:54:19,040
Speaker 4: us it's not the fine set of principles and is

1158
00:54:19,080 --> 00:54:21,960
Speaker 4: open to interpretation. And dare I say manipulation. You make

1159
00:54:22,000 --> 00:54:25,399
Speaker 4: a reasonable point, But that's the law. The laws open

1160
00:54:25,440 --> 00:54:30,120
Speaker 4: to interpretation. That's what's senior courts do. They interpret the law.

1161
00:54:30,160 --> 00:54:34,680
Speaker 4: They make the law. That's how general common law is formed.

1162
00:54:35,560 --> 00:54:38,080
Speaker 4: So is therefore tea Hunger any difference by the way

1163
00:54:38,080 --> 00:54:40,840
Speaker 4: those three names are read out, Kura, Rene and Gabrielle.

1164
00:54:41,320 --> 00:54:42,799
Speaker 4: What are the rules on this? I think we'll give

1165
00:54:42,800 --> 00:54:44,799
Speaker 4: you to eight o'clock. There's no one's rung. I'm going

1166
00:54:44,880 --> 00:54:46,400
Speaker 4: to give you to eight o'clock. If you haven't rung by,

1167
00:54:46,440 --> 00:54:48,239
Speaker 4: then that means that no one enters for the day.

1168
00:54:48,880 --> 00:54:52,640
Speaker 4: I keep the five hundred and we'll all go out

1169
00:54:52,680 --> 00:54:56,279
Speaker 4: to lunch, and there'll only be eight people in the draw,

1170
00:54:57,120 --> 00:54:58,800
Speaker 4: so you've got an even better chance of winning.

1171
00:54:58,800 --> 00:55:01,120
Speaker 3: When you say lunch, do you mean dinner? That it'll

1172
00:55:01,120 --> 00:55:03,200
Speaker 3: be at lateen.

1173
00:55:02,320 --> 00:55:03,920
Speaker 4: Thirty three o'clock dinner.

1174
00:55:04,040 --> 00:55:06,120
Speaker 3: Sorry, Mike, part so would be going out to dinner.

1175
00:55:06,960 --> 00:55:09,480
Speaker 4: Good luck with man eight minutes away from it. Duneda,

1176
00:55:09,480 --> 00:55:12,280
Speaker 4: next city. Looking to replicate the christ Urch boom Business South.

1177
00:55:12,560 --> 00:55:14,880
Speaker 4: They've launched a new growth plan aimed at driving the

1178
00:55:14,880 --> 00:55:17,600
Speaker 4: local economy. They're looking to tourism from three hundred dollars

1179
00:55:17,960 --> 00:55:20,080
Speaker 4: three hundred million dollars to four hundred and twenty million,

1180
00:55:20,440 --> 00:55:22,960
Speaker 4: create fifteen thousand high value jobs by twenty thirty four,

1181
00:55:22,960 --> 00:55:25,280
Speaker 4: boosting startups from two hundred to three hundred and fifty.

1182
00:55:25,480 --> 00:55:28,000
Speaker 4: And Mike Collins is the CEO of Business South and

1183
00:55:28,120 --> 00:55:28,640
Speaker 4: is with us on.

1184
00:55:28,600 --> 00:55:28,920
Speaker 3: All of this.

1185
00:55:29,080 --> 00:55:32,200
Speaker 4: Mike morning, Good morning, How are you very well? Indeed,

1186
00:55:32,239 --> 00:55:34,719
Speaker 4: when you talk about wrap around support, who's providing the

1187
00:55:34,760 --> 00:55:37,880
Speaker 4: wrap around part? Who what sort of agencies we're talking about?

1188
00:55:38,800 --> 00:55:41,120
Speaker 20: Yeah, well, Business South is actually firing up some rep

1189
00:55:41,160 --> 00:55:44,400
Speaker 20: aroound support services. So we've developed an accelerated program to

1190
00:55:44,400 --> 00:55:47,400
Speaker 20: wrap around businesses. So we put the businesses through a

1191
00:55:47,400 --> 00:55:49,400
Speaker 20: bit of an assessment to find out where the businesses

1192
00:55:49,440 --> 00:55:52,800
Speaker 20: are at currently. We then wait them against best practice

1193
00:55:52,840 --> 00:55:54,840
Speaker 20: and identify where the gaps are and we've start to

1194
00:55:54,880 --> 00:55:56,919
Speaker 20: then match them up to what they might need, which

1195
00:55:56,960 --> 00:56:00,440
Speaker 20: could be capital investment, it could be around action them

1196
00:56:00,480 --> 00:56:04,200
Speaker 20: to research, to commercialization, to the University of Tago and

1197
00:56:04,239 --> 00:56:05,719
Speaker 20: those types of things. So those are kind of wrap

1198
00:56:05,760 --> 00:56:07,840
Speaker 20: around services we're producing just out of business south at.

1199
00:56:08,080 --> 00:56:09,480
Speaker 4: So you've got two things as far as they can

1200
00:56:09,520 --> 00:56:12,840
Speaker 4: work out. One the bit where I I as a startup,

1201
00:56:12,880 --> 00:56:14,960
Speaker 4: as a business as or whatever, I need to think

1202
00:56:15,000 --> 00:56:17,360
Speaker 4: about Dunedin as a place. And the other one is

1203
00:56:17,440 --> 00:56:19,399
Speaker 4: if I did think about Dunedin as a place, where

1204
00:56:19,400 --> 00:56:21,000
Speaker 4: do I go? Where do I click? Who do I

1205
00:56:21,120 --> 00:56:24,919
Speaker 4: ring to go bing? There's your port? You know your port?

1206
00:56:25,239 --> 00:56:27,200
Speaker 10: Yeah, yeah, that's exactly it.

1207
00:56:27,200 --> 00:56:28,840
Speaker 20: And I don't think people think of dened as the

1208
00:56:28,880 --> 00:56:31,279
Speaker 20: first portal call for investment. So I think these opportunities

1209
00:56:31,320 --> 00:56:33,120
Speaker 20: here that we kind of got to give us the

1210
00:56:33,120 --> 00:56:35,160
Speaker 20: business community and said, actually we're doing some good stuff

1211
00:56:35,200 --> 00:56:37,799
Speaker 20: in silos of sectors. But if you put it down

1212
00:56:37,800 --> 00:56:39,200
Speaker 20: on a piece of paper, what does it look like?

1213
00:56:39,320 --> 00:56:41,719
Speaker 20: So it is about having one place to go to

1214
00:56:41,719 --> 00:56:43,920
Speaker 20: to kind of channel those ideas. If people want to

1215
00:56:43,920 --> 00:56:46,640
Speaker 20: invest into the city, what's going on down Here's a

1216
00:56:46,680 --> 00:56:48,640
Speaker 20: lot of investment in healthcare at the moment. Obviously is

1217
00:56:48,680 --> 00:56:51,800
Speaker 20: the one point xx billion dollar hospital happening. Another private

1218
00:56:51,800 --> 00:56:53,799
Speaker 20: hospital's got an ounce the other day. But with all

1219
00:56:53,840 --> 00:56:56,400
Speaker 20: of that, it's not just about investment in capital. It's

1220
00:56:56,400 --> 00:56:57,560
Speaker 20: also about investment and talent.

1221
00:56:57,719 --> 00:56:59,680
Speaker 15: So we're really keen to get behind a bit of

1222
00:56:59,680 --> 00:57:00,000
Speaker 15: a stream.

1223
00:57:00,040 --> 00:57:01,359
Speaker 5: Need you do how we track the.

1224
00:57:01,280 --> 00:57:03,600
Speaker 20: Talent to the city as well as the is the funding?

1225
00:57:03,719 --> 00:57:05,800
Speaker 4: See I look at people like Ian Taylor and animated

1226
00:57:05,840 --> 00:57:08,520
Speaker 4: research and stuff, and his success came about because it

1227
00:57:08,560 --> 00:57:10,399
Speaker 4: was borderless. In other words, he could do what he

1228
00:57:10,600 --> 00:57:12,920
Speaker 4: did from anywhere. Is that the sort of thing you're

1229
00:57:12,960 --> 00:57:16,200
Speaker 4: looking at? Or are you selling Dunedin on a cool factor?

1230
00:57:16,280 --> 00:57:18,800
Speaker 4: So even if you do need geography, do you still

1231
00:57:18,840 --> 00:57:19,560
Speaker 4: want to be there?

1232
00:57:20,480 --> 00:57:21,840
Speaker 20: Now you hit the nail on the head. I think

1233
00:57:21,880 --> 00:57:24,640
Speaker 20: people like yeah, Serene and his business just shows what

1234
00:57:24,680 --> 00:57:25,000
Speaker 20: you can.

1235
00:57:24,920 --> 00:57:26,280
Speaker 15: Do from a from a place with.

1236
00:57:26,360 --> 00:57:29,479
Speaker 20: A lifestyle attached to it. So it's it's basically saying,

1237
00:57:29,520 --> 00:57:31,560
Speaker 20: where we're working in a global market, but you've got

1238
00:57:31,560 --> 00:57:33,960
Speaker 20: the lifestyle to go with it. So there's there's a

1239
00:57:34,000 --> 00:57:36,960
Speaker 20: real entrepreneurial kind of heart to need and and it

1240
00:57:37,040 --> 00:57:39,480
Speaker 20: kind of comes through your having the polytech and university here.

1241
00:57:39,480 --> 00:57:42,120
Speaker 20: So we have a lot of startup businesses that operate

1242
00:57:42,160 --> 00:57:44,720
Speaker 20: in the international markets. You're quite right, it's about giving

1243
00:57:44,720 --> 00:57:46,800
Speaker 20: them greater opportunity.

1244
00:57:47,640 --> 00:57:50,080
Speaker 4: And cheapness come into it. It's cheaper to do business.

1245
00:57:51,200 --> 00:57:53,120
Speaker 20: It is, it is cheaper to do business. I guess

1246
00:57:53,120 --> 00:57:56,400
Speaker 20: what really comes across strong Indoned is it's we kind

1247
00:57:56,400 --> 00:57:57,840
Speaker 20: of live in a village, if you like, so everyone

1248
00:57:57,880 --> 00:58:00,480
Speaker 20: knows everybody, so you can get alongside the mentors of

1249
00:58:00,520 --> 00:58:03,120
Speaker 20: Serene Taylor and the likes from the startup business through

1250
00:58:03,240 --> 00:58:07,040
Speaker 20: to medium to grow. So I guess being knowing everybody

1251
00:58:07,080 --> 00:58:09,400
Speaker 20: reading really real connected makes it easy to do business.

1252
00:58:09,480 --> 00:58:11,320
Speaker 4: Yeah, all right, might go well with it. I hope

1253
00:58:11,320 --> 00:58:14,320
Speaker 4: it works for your business. South CEO Mike Collins out

1254
00:58:14,320 --> 00:58:17,880
Speaker 4: of Deneedan. This morning still of good news and bad news. Really,

1255
00:58:18,680 --> 00:58:22,600
Speaker 4: the bad news is Kura Pilarva phoned and so lunches off.

1256
00:58:23,200 --> 00:58:25,320
Speaker 3: And that's good because I'm still trying to figure out

1257
00:58:25,320 --> 00:58:27,360
Speaker 3: whether it was a lunch or dinner or something in between.

1258
00:58:27,480 --> 00:58:30,920
Speaker 4: We're back to nine entries presumably but koorra is staked

1259
00:58:31,040 --> 00:58:35,080
Speaker 4: apparently went off, absolutely went off. Kura plarva went off.

1260
00:58:35,840 --> 00:58:36,680
Speaker 5: So you're in.

1261
00:58:36,800 --> 00:58:39,480
Speaker 4: If you haven't entered for this experience once in a

1262
00:58:39,480 --> 00:58:42,440
Speaker 4: lifetime in Melbourne next year, then you can do so.

1263
00:58:42,520 --> 00:58:48,920
Speaker 4: Add newstalksb dot co dot nz Ford slash Visa and

1264
00:58:48,960 --> 00:58:51,480
Speaker 4: we'll do it again tomorrow, which is Thursday, and then

1265
00:58:51,480 --> 00:58:52,880
Speaker 4: we'll do it Friday and all next week and we'll

1266
00:58:52,880 --> 00:58:54,680
Speaker 4: make the announcement on Friday. I think that's how it rolls,

1267
00:58:54,720 --> 00:58:56,680
Speaker 4: isn't it. Those were the rules of the game basically.

1268
00:58:57,000 --> 00:59:00,520
Speaker 4: Now speaking of cars, by the way, an ounce Staver

1269
00:59:00,640 --> 00:59:04,120
Speaker 4: Night EV side. They had a thing going on in America.

1270
00:59:04,680 --> 00:59:06,680
Speaker 4: I think it was thirty seven hundred dollars or was

1271
00:59:06,680 --> 00:59:09,120
Speaker 4: it seventy three hundred dollars, I can't remember which it was,

1272
00:59:09,160 --> 00:59:11,840
Speaker 4: but there was your subsidy for your EV's. So Ford's

1273
00:59:11,840 --> 00:59:13,960
Speaker 4: announce Staby Night. They reckon the number of EV's and

1274
00:59:13,960 --> 00:59:16,160
Speaker 4: they weren't telling many evs anyway, because everyone in America

1275
00:59:16,200 --> 00:59:18,840
Speaker 4: wants either an escalator and F one fifty, neither of

1276
00:59:18,880 --> 00:59:22,160
Speaker 4: which are battery. So that goes as of the first

1277
00:59:22,160 --> 00:59:25,520
Speaker 4: of October, which they expect. Ford expect the sales of

1278
00:59:25,600 --> 00:59:29,680
Speaker 4: purely vs. To have, so it's half off what they

1279
00:59:29,720 --> 00:59:31,680
Speaker 4: didn't really have in the first place. So things in

1280
00:59:31,720 --> 00:59:35,200
Speaker 4: the EV department game particularly well. State side right. Politics Wednesday,

1281
00:59:35,280 --> 00:59:37,400
Speaker 4: after eight Ginny's back. She's back in the country. We

1282
00:59:37,400 --> 00:59:39,640
Speaker 4: don't know. She's still in Italy. She's swanning around little

1283
00:59:39,760 --> 00:59:41,840
Speaker 4: or she back. I think she said she's back. So

1284
00:59:41,960 --> 00:59:44,200
Speaker 4: we'll talk to her and Mark about the politics of

1285
00:59:44,200 --> 00:59:48,400
Speaker 4: the day. Politics Wednesday. Shortly, you're on the make Hosking records.

1286
00:59:48,440 --> 00:59:53,000
Speaker 1: Tw fast and only twice, Tough on power, sharp on

1287
00:59:53,080 --> 00:59:57,920
Speaker 1: inside the Mic Hosking Breakfast with Vida, Retirement, Communities, Life

1288
00:59:58,080 --> 01:00:01,040
Speaker 1: your Way, News talk, said b Nate's and.

1289
01:00:01,200 --> 01:00:02,240
Speaker 4: Nape and the waters.

1290
01:00:08,400 --> 01:00:10,120
Speaker 8: The ticker takers.

1291
01:00:09,720 --> 01:00:13,560
Speaker 4: Count, and then you can afford quite good.

1292
01:00:13,800 --> 01:00:15,360
Speaker 1: The tiki takers will not.

1293
01:00:16,360 --> 01:00:22,160
Speaker 4: This is Susie Dianne, who I don't know. But Robert's

1294
01:00:22,200 --> 01:00:24,760
Speaker 4: at the pub and he meets some guy called Matt.

1295
01:00:25,800 --> 01:00:29,560
Speaker 4: Matt plays the banjo. So Robert goes, Matt, we could

1296
01:00:29,560 --> 01:00:32,200
Speaker 4: probably do something together. They He said, do you know

1297
01:00:32,280 --> 01:00:34,760
Speaker 4: anybody Matt? And Matt goes, do know some people? Actually,

1298
01:00:34,840 --> 01:00:39,479
Speaker 4: some regional folk. So he gets together with Susie Dean

1299
01:00:39,640 --> 01:00:44,760
Speaker 4: aforementioned Sheese not only a singer but an accordionist. Susie's

1300
01:00:44,760 --> 01:00:48,680
Speaker 4: got a husband called Ollie. He's a drummer. They know

1301
01:00:48,800 --> 01:00:52,720
Speaker 4: a guitar is called Tony. Barney plays the cello. Next

1302
01:00:52,760 --> 01:00:54,760
Speaker 4: thing you know, you've got this collective. This is Robert

1303
01:00:54,960 --> 01:01:06,280
Speaker 4: Plant's new band, Saving Grace. Yeah, reprieving Alison Krass. We

1304
01:01:06,320 --> 01:01:10,360
Speaker 4: go back that far anyway, forty one minutes and forty

1305
01:01:10,440 --> 01:01:15,560
Speaker 4: eight seconds and ten tracks. I quite like it is

1306
01:01:15,560 --> 01:01:18,800
Speaker 4: eight minutes past eight time for Mark Mitchell. There's at

1307
01:01:18,800 --> 01:01:22,040
Speaker 4: the airport. I think Mark morning, Good morning morning, Mike,

1308
01:01:22,280 --> 01:01:25,000
Speaker 4: and Ginny who's not quite at the airport but very

1309
01:01:25,040 --> 01:01:26,520
Speaker 4: shortly will be. Is that correct, Ginny?

1310
01:01:27,520 --> 01:01:28,080
Speaker 11: That is correct?

1311
01:01:28,160 --> 01:01:30,320
Speaker 4: Yes, very good. Indeed, are you still in the far

1312
01:01:30,880 --> 01:01:31,480
Speaker 4: side of the world.

1313
01:01:33,000 --> 01:01:35,720
Speaker 11: I'm leaving Rome for Dubai in about eight hours?

1314
01:01:36,120 --> 01:01:36,520
Speaker 4: Very nice.

1315
01:01:36,520 --> 01:01:42,480
Speaker 11: You're stopping in Dubai, Yes, because my kids heard me

1316
01:01:42,560 --> 01:01:45,600
Speaker 11: on the radio teasing Mark about going to Wild forty

1317
01:01:45,760 --> 01:01:50,400
Speaker 11: and they want to go there, Belid. Yeah, so they're

1318
01:01:50,560 --> 01:01:53,680
Speaker 11: making me. I've got like about ten hours there. We're

1319
01:01:53,680 --> 01:01:55,160
Speaker 11: going to a water park and then we're getting on

1320
01:01:55,160 --> 01:01:56,480
Speaker 11: a flight. So that'll be interesting.

1321
01:01:56,680 --> 01:01:56,960
Speaker 10: Is it good?

1322
01:01:57,040 --> 01:01:57,200
Speaker 5: Mark.

1323
01:01:57,240 --> 01:01:59,280
Speaker 21: It will be great kids. Yeahs, the kids will love

1324
01:01:59,320 --> 01:02:02,400
Speaker 21: it absolutely, world class water park. I'm not I'm not

1325
01:02:02,480 --> 01:02:05,960
Speaker 21: going any quite as exciting. I'm going to Canberra. I

1326
01:02:06,080 --> 01:02:07,960
Speaker 21: know Camera gets a bit of a rough rap, but

1327
01:02:08,080 --> 01:02:10,720
Speaker 21: I actually really like Camera. Who it's quite a nice city.

1328
01:02:10,920 --> 01:02:12,800
Speaker 21: I got up there with the Commissioner. We got up

1329
01:02:12,800 --> 01:02:14,720
Speaker 21: there for a police Council meeting.

1330
01:02:15,320 --> 01:02:16,960
Speaker 4: So you're going to Camber a meeting.

1331
01:02:18,960 --> 01:02:21,480
Speaker 5: Why don't you like Camera, Well, because I went there.

1332
01:02:21,560 --> 01:02:24,320
Speaker 4: I went there once and I went straight to the

1333
01:02:24,440 --> 01:02:25,960
Speaker 4: I'll tell you what I did. Like, I went to

1334
01:02:26,040 --> 01:02:28,080
Speaker 4: Canberra and I went to the Sports Institute and that

1335
01:02:28,280 --> 01:02:30,240
Speaker 4: was that was fascinating and so I had a good

1336
01:02:30,240 --> 01:02:32,360
Speaker 4: look around that and they did some wonderful work. Then

1337
01:02:32,440 --> 01:02:34,440
Speaker 4: I went on the hill. If you know Canberra, sort

1338
01:02:34,440 --> 01:02:36,000
Speaker 4: of there's a park and you go to the hill

1339
01:02:36,080 --> 01:02:39,840
Speaker 4: and you look down on Canberra. That's quite nice. The

1340
01:02:40,160 --> 01:02:44,400
Speaker 4: actual the actual parliament itself. If you go to the Parliament,

1341
01:02:44,960 --> 01:02:47,720
Speaker 4: the view from the distance is not like on the postcard.

1342
01:02:47,880 --> 01:02:50,000
Speaker 4: It doesn't look as grandiose.

1343
01:02:51,880 --> 01:02:53,560
Speaker 5: Right, So you felt ripped off in terms of the

1344
01:02:53,640 --> 01:02:54,160
Speaker 5: view and.

1345
01:02:54,200 --> 01:02:59,280
Speaker 4: There exactly, and that's that's sort of all there is

1346
01:02:59,320 --> 01:03:00,920
Speaker 4: to Canberra, isn't it. Once you've gone on top of

1347
01:03:00,960 --> 01:03:02,640
Speaker 4: the hill and gone to the Sports Institute and been

1348
01:03:02,680 --> 01:03:04,640
Speaker 4: disappointed in the Parliament, you can go home, can't you.

1349
01:03:05,560 --> 01:03:07,880
Speaker 5: Well? The War Memorial is actually a really special place

1350
01:03:07,880 --> 01:03:08,000
Speaker 5: to go.

1351
01:03:08,320 --> 01:03:10,520
Speaker 11: Yes, actually that is nice yet good?

1352
01:03:10,760 --> 01:03:13,840
Speaker 4: Okay. Can I apologize to you, Jinny, because I'm almost

1353
01:03:13,920 --> 01:03:16,400
Speaker 4: certain that Sam will have before he put your ear

1354
01:03:16,480 --> 01:03:18,600
Speaker 4: asked for some do buy chocolate and don't buy it

1355
01:03:18,720 --> 01:03:21,600
Speaker 4: for him, and he don't do duty free orders and

1356
01:03:21,720 --> 01:03:23,720
Speaker 4: it's just embarrassing and I'm sorry about that.

1357
01:03:24,720 --> 01:03:26,440
Speaker 11: Can't you get it on New Zealand?

1358
01:03:26,640 --> 01:03:28,840
Speaker 4: Yeah, he can. He gets it in Tiata too, but

1359
01:03:29,160 --> 01:03:29,960
Speaker 4: it's I don't.

1360
01:03:33,040 --> 01:03:33,880
Speaker 5: On the market.

1361
01:03:34,400 --> 01:03:37,680
Speaker 4: I don't think it's the real thing. Now, Mark, before

1362
01:03:37,720 --> 01:03:39,919
Speaker 4: you've gone to Canberra, have you voted in your local

1363
01:03:39,960 --> 01:03:40,600
Speaker 4: body elections?

1364
01:03:41,520 --> 01:03:41,720
Speaker 5: Yes?

1365
01:03:41,800 --> 01:03:44,360
Speaker 4: I have, right, so you got your papers and your

1366
01:03:44,400 --> 01:03:45,960
Speaker 4: sort of that. Does it depress you that in your

1367
01:03:46,040 --> 01:03:48,560
Speaker 4: particular area we've not even cracked ten percent yet?

1368
01:03:50,480 --> 01:03:50,680
Speaker 5: Yeah?

1369
01:03:50,840 --> 01:03:53,600
Speaker 21: I think it's just it reflects of where people are

1370
01:03:53,640 --> 01:03:55,320
Speaker 21: at the moment. They're just not that engaged in.

1371
01:03:55,800 --> 01:03:58,800
Speaker 11: Postal voting as well, So it's it's where it's got

1372
01:03:58,880 --> 01:04:01,080
Speaker 11: to change. I think that people are waiting for things

1373
01:04:01,120 --> 01:04:03,120
Speaker 11: to arrive in the mail when you don't typically get

1374
01:04:03,160 --> 01:04:05,240
Speaker 11: stuff in the mail anymore. That's where it falls down.

1375
01:04:05,400 --> 01:04:07,520
Speaker 4: What would you do, Jenny, you're in part, you're in

1376
01:04:07,560 --> 01:04:10,360
Speaker 4: government as of tomorrow, would you actually do something about

1377
01:04:10,400 --> 01:04:10,720
Speaker 4: it or not?

1378
01:04:11,520 --> 01:04:13,720
Speaker 11: We did a really good inquiry. It was when Nick

1379
01:04:13,760 --> 01:04:16,040
Speaker 11: Smith was on the Justice Committee, and we really looked

1380
01:04:16,080 --> 01:04:19,400
Speaker 11: at how it's run, and we looked at online voting

1381
01:04:19,480 --> 01:04:21,720
Speaker 11: where you could do that. And there's still risks about

1382
01:04:21,760 --> 01:04:24,200
Speaker 11: online it can be corrupted and that sort of thing,

1383
01:04:24,280 --> 01:04:26,160
Speaker 11: so you can't quite do that yet. But I think

1384
01:04:26,280 --> 01:04:28,840
Speaker 11: going in person in voting, they're doing that a bitch

1385
01:04:28,880 --> 01:04:30,360
Speaker 11: and lo a heart. You can go into the library

1386
01:04:30,440 --> 01:04:33,040
Speaker 11: with your papers or the local council and vote, but

1387
01:04:33,080 --> 01:04:35,400
Speaker 11: I think you need to encourage people to vote like

1388
01:04:35,440 --> 01:04:37,880
Speaker 11: they would in a general election, like going and in voting.

1389
01:04:38,040 --> 01:04:40,680
Speaker 4: Okay, your government hasn't got anything in mind how they

1390
01:04:40,760 --> 01:04:42,920
Speaker 4: mark apart from sort of overriding the councils at the

1391
01:04:43,000 --> 01:04:46,120
Speaker 4: local level and doing more from central central government point

1392
01:04:46,160 --> 01:04:47,640
Speaker 4: of view. I mean, you're not up ending the system.

1393
01:04:47,680 --> 01:04:49,560
Speaker 5: May No, No, we're not.

1394
01:04:49,920 --> 01:04:52,120
Speaker 21: I mean obviously Paul's come out and announce some changes

1395
01:04:52,200 --> 01:04:55,919
Speaker 21: that there's always a review of the electoral system after

1396
01:04:56,160 --> 01:04:58,600
Speaker 21: every election, and he's announced some changes around that.

1397
01:04:59,560 --> 01:05:01,720
Speaker 4: Ye, but so what so we're just stuck in the

1398
01:05:01,760 --> 01:05:03,440
Speaker 4: system we don't like and don't want to participate.

1399
01:05:03,640 --> 01:05:06,360
Speaker 11: But do you know, though, Mike, they're just not there

1400
01:05:06,360 --> 01:05:08,640
Speaker 11: into people voting like that. Rather they just still stayed

1401
01:05:08,680 --> 01:05:09,920
Speaker 11: home and just their mates come out.

1402
01:05:09,960 --> 01:05:10,440
Speaker 15: And that's what.

1403
01:05:10,760 --> 01:05:13,800
Speaker 4: Well, that's true. That Unfortunately, it is true, isn't it?

1404
01:05:14,080 --> 01:05:16,120
Speaker 4: Before I get to the break, can I ask you Mark?

1405
01:05:16,640 --> 01:05:17,240
Speaker 5: People voting?

1406
01:05:18,520 --> 01:05:22,040
Speaker 4: Can I ask you Mark? Did you see Cash Patel's

1407
01:05:22,160 --> 01:05:23,360
Speaker 4: three D printed guns?

1408
01:05:25,240 --> 01:05:25,439
Speaker 5: Yes?

1409
01:05:26,200 --> 01:05:26,240
Speaker 14: What?

1410
01:05:26,440 --> 01:05:28,440
Speaker 4: What what they look like? Were they pistols? Were they

1411
01:05:28,760 --> 01:05:29,760
Speaker 4: the ones you see in the movies?

1412
01:05:30,680 --> 01:05:32,880
Speaker 21: No, they were like sort of the plastic They're just

1413
01:05:32,960 --> 01:05:36,800
Speaker 21: sort of the three D printed from plastic. So Oz

1414
01:05:36,880 --> 01:05:39,320
Speaker 21: gifted one of those as well, which was which I

1415
01:05:39,400 --> 01:05:40,360
Speaker 21: had a bit to police.

1416
01:05:41,040 --> 01:05:43,240
Speaker 5: So but you know, they're just they just look like

1417
01:05:43,320 --> 01:05:44,120
Speaker 5: a plastic gun.

1418
01:05:45,720 --> 01:05:48,360
Speaker 4: So just paint the picture for me. So Cash is

1419
01:05:48,400 --> 01:05:50,840
Speaker 4: in the room and you did the small talk going on,

1420
01:05:51,200 --> 01:05:55,600
Speaker 4: and he goes, look, Mike, I wrote your little something

1421
01:05:56,240 --> 01:05:57,400
Speaker 4: any what pulls out a gun?

1422
01:06:00,400 --> 01:06:02,960
Speaker 21: It was it was it was a gift that it

1423
01:06:03,080 --> 01:06:07,320
Speaker 21: included that, but also his challenge coin and I understand

1424
01:06:07,400 --> 01:06:08,880
Speaker 21: that you could that you could put them both on,

1425
01:06:09,200 --> 01:06:11,600
Speaker 21: so you know, and he I mean, you know, that

1426
01:06:12,320 --> 01:06:14,280
Speaker 21: visit was really important for us. We've got the permanent

1427
01:06:14,320 --> 01:06:17,200
Speaker 21: officer and now we're we're much closer with them. This

1428
01:06:17,400 --> 01:06:19,360
Speaker 21: visit camera is all about how can we help our

1429
01:06:19,400 --> 01:06:21,919
Speaker 21: Pacific cousins and neighbors too that are sort of dealing

1430
01:06:21,960 --> 01:06:23,480
Speaker 21: with transnational crime and myth.

1431
01:06:23,440 --> 01:06:25,920
Speaker 5: So you know, And and part of that was the

1432
01:06:25,920 --> 01:06:26,640
Speaker 5: gift that he gave us.

1433
01:06:26,760 --> 01:06:29,840
Speaker 11: Yeah, but he's right that there should be changes. I mean,

1434
01:06:29,880 --> 01:06:32,240
Speaker 11: I think Nicole McKees talked about it, but there probably

1435
01:06:32,280 --> 01:06:35,360
Speaker 11: should be changes to an arm deck to specifically respond

1436
01:06:35,440 --> 01:06:37,800
Speaker 11: to the risks that three D printing provides.

1437
01:06:39,000 --> 01:06:41,800
Speaker 4: I mean, there's no problem there. Just strikes me as

1438
01:06:41,840 --> 01:06:43,440
Speaker 4: the weirdest gift in the world, doesn't I mean, if

1439
01:06:43,440 --> 01:06:45,880
Speaker 4: someone pulled out a three D printed gun, what do.

1440
01:06:45,920 --> 01:06:46,440
Speaker 6: You do with that?

1441
01:06:48,480 --> 01:06:51,479
Speaker 11: And I'm always amazing, how does it fire without getting

1442
01:06:51,480 --> 01:06:51,840
Speaker 11: too hot?

1443
01:06:51,920 --> 01:06:52,000
Speaker 14: Right?

1444
01:06:53,000 --> 01:06:55,760
Speaker 21: I got gifted when when I left the Defender Squad,

1445
01:06:55,840 --> 01:06:58,480
Speaker 21: the New Zealand Ed Defenders Squad gave me a plaque

1446
01:06:58,520 --> 01:07:03,320
Speaker 21: with a you know, it was a fake forlock seventeen

1447
01:07:03,560 --> 01:07:06,000
Speaker 21: right on it, right, So you do receive things like that.

1448
01:07:06,160 --> 01:07:08,800
Speaker 21: I I made a real rookie era when I tried

1449
01:07:08,840 --> 01:07:10,520
Speaker 21: to take it down to Wellington to head my office

1450
01:07:10,560 --> 01:07:10,720
Speaker 21: and I.

1451
01:07:11,040 --> 01:07:12,840
Speaker 5: Headed my bag and forgot that it was there and

1452
01:07:12,880 --> 01:07:14,080
Speaker 5: put it through the security.

1453
01:07:16,160 --> 01:07:18,520
Speaker 21: So there's a few red lights going off, and yeah,

1454
01:07:18,560 --> 01:07:20,440
Speaker 21: there's a bit of compit happening that I was at

1455
01:07:20,480 --> 01:07:23,120
Speaker 21: the Minister of Police ya and thankfully but reallyway, I

1456
01:07:23,160 --> 01:07:24,360
Speaker 21: did get it safely to Wellington.

1457
01:07:24,360 --> 01:07:26,360
Speaker 5: But you know that's not unusual, especially a law enforcement

1458
01:07:26,400 --> 01:07:27,120
Speaker 5: to restack your slot.

1459
01:07:27,160 --> 01:07:28,680
Speaker 4: Then maybe I'm the old one out. I've never been

1460
01:07:28,720 --> 01:07:30,520
Speaker 4: given again. All right, more in a moment. It's fourteen

1461
01:07:30,560 --> 01:07:31,000
Speaker 4: past day.

1462
01:07:32,200 --> 01:07:36,720
Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered

1463
01:07:36,800 --> 01:07:39,200
Speaker 1: by News Talk ZIPP used.

1464
01:07:39,040 --> 01:07:41,720
Speaker 4: To me seventeen to past eight politics when say, Mark

1465
01:07:41,800 --> 01:07:44,640
Speaker 4: Mitchell and Jinny Anderson will us Jinny the earthquake announcement.

1466
01:07:44,720 --> 01:07:46,480
Speaker 4: I don't know how up to speed with all this

1467
01:07:46,520 --> 01:07:48,920
Speaker 4: stuff you are. But the earthquake announcement yesterday, the changes

1468
01:07:48,960 --> 01:07:50,960
Speaker 4: to the rules and stuff like that, is there anything

1469
01:07:51,040 --> 01:07:52,840
Speaker 4: there that you would flip? I mean, it strikes me

1470
01:07:52,920 --> 01:07:53,919
Speaker 4: as full of common sense.

1471
01:07:55,520 --> 01:07:57,720
Speaker 11: It does seem like it's a reason my good balance

1472
01:07:57,840 --> 01:08:01,040
Speaker 11: between ruskin and cost. But you've really got to get

1473
01:08:01,080 --> 01:08:03,040
Speaker 11: across all of the detail and we haven't had the

1474
01:08:03,080 --> 01:08:05,960
Speaker 11: opportunity to do that yet. But generally supportive of the

1475
01:08:06,000 --> 01:08:08,440
Speaker 11: fact that if it's going to save people money and

1476
01:08:08,520 --> 01:08:10,560
Speaker 11: a cost of living crisis, but you just want to

1477
01:08:10,600 --> 01:08:13,120
Speaker 11: make sure that it's not compromising safety, fair.

1478
01:08:13,040 --> 01:08:16,240
Speaker 4: Enough to so on that in the spirit of goodwill.

1479
01:08:16,320 --> 01:08:19,280
Speaker 4: When Luxeon writes an open letter to Hipkins yesterday about

1480
01:08:19,320 --> 01:08:22,439
Speaker 4: the oil and gas so Hippkins calls that desperate. What

1481
01:08:22,720 --> 01:08:25,639
Speaker 4: do you see as can you see a major issue

1482
01:08:26,400 --> 01:08:28,760
Speaker 4: that you too could coal lesson that would make a

1483
01:08:28,800 --> 01:08:31,360
Speaker 4: material difference to this country over a longer term period

1484
01:08:31,439 --> 01:08:31,680
Speaker 4: of time.

1485
01:08:33,000 --> 01:08:35,840
Speaker 11: Well, if there was a genuine agreement to look at renewables,

1486
01:08:35,960 --> 01:08:39,120
Speaker 11: because that's the long term plan that will help bring

1487
01:08:39,200 --> 01:08:43,000
Speaker 11: down the price of electricity. But just posturing like the

1488
01:08:43,080 --> 01:08:45,120
Speaker 11: latest announcement. I've just been reading that in the break

1489
01:08:45,520 --> 01:08:48,200
Speaker 11: there's nothing in there. I mean, this is another you know,

1490
01:08:48,320 --> 01:08:51,120
Speaker 11: Nikola gets grumpy, you like the supermarket saw the banks,

1491
01:08:51,240 --> 01:08:54,439
Speaker 11: or the Fontier and butter. You have Nicola kind of

1492
01:08:54,479 --> 01:08:58,240
Speaker 11: writing a letter or getting cross at someone, and that's it.

1493
01:08:58,360 --> 01:08:59,040
Speaker 11: There's nothing else.

1494
01:08:59,240 --> 01:08:59,800
Speaker 4: Yeah, I got it.

1495
01:09:02,000 --> 01:09:04,360
Speaker 11: A concrete plane that's going to bring prices down for

1496
01:09:04,520 --> 01:09:07,080
Speaker 11: highways and hoping they're going to find some guests.

1497
01:09:07,200 --> 01:09:07,960
Speaker 15: Is not that plan?

1498
01:09:08,320 --> 01:09:10,400
Speaker 4: Well, I think to be meyor Mark, I mean, I

1499
01:09:10,439 --> 01:09:12,600
Speaker 4: don't know if you're across this announcement. I assume you are.

1500
01:09:12,640 --> 01:09:14,000
Speaker 4: You signed it off in cabinet, But I mean what

1501
01:09:14,080 --> 01:09:16,600
Speaker 4: you're doing is there's a lot of investment going into renewables,

1502
01:09:16,640 --> 01:09:21,160
Speaker 4: But the announcement itself today, the specifics are hardly game changing,

1503
01:09:21,240 --> 01:09:21,479
Speaker 4: are they?

1504
01:09:22,520 --> 01:09:22,720
Speaker 5: Well?

1505
01:09:22,760 --> 01:09:24,400
Speaker 21: We need both, we need a we need to be

1506
01:09:24,479 --> 01:09:26,439
Speaker 21: investing in renewables and we need to be investing in

1507
01:09:26,600 --> 01:09:29,760
Speaker 21: all in gas to secure our energy future in this

1508
01:09:29,840 --> 01:09:32,200
Speaker 21: country and keep power prices down.

1509
01:09:32,320 --> 01:09:35,960
Speaker 5: And you know, I felt very sorry for Barbara Edmonds.

1510
01:09:36,000 --> 01:09:38,479
Speaker 21: I was at the mood of the boardroom breakfast the

1511
01:09:38,520 --> 01:09:40,960
Speaker 21: other day and one of the questions specifically put to

1512
01:09:41,000 --> 01:09:44,320
Speaker 21: both Nicola and Barbara is that to Barbara's will you

1513
01:09:44,400 --> 01:09:49,559
Speaker 21: support the current government's policy around we have to continue

1514
01:09:49,600 --> 01:09:50,800
Speaker 21: expiration for all in gas?

1515
01:09:51,640 --> 01:09:52,680
Speaker 5: And she turned around and said no.

1516
01:09:52,800 --> 01:09:55,479
Speaker 21: You could audibly hear the growing in the room, because

1517
01:09:55,640 --> 01:09:57,439
Speaker 21: these are the people that are running our big businesses

1518
01:09:57,520 --> 01:10:00,760
Speaker 21: that require energy that will go out of businesses that

1519
01:10:01,080 --> 01:10:03,960
Speaker 21: energy is too expensive, and you've got labor still entrenching

1520
01:10:04,000 --> 01:10:05,040
Speaker 21: themselves are.

1521
01:10:05,040 --> 01:10:09,800
Speaker 11: Going they're going out of business because of them, because

1522
01:10:10,960 --> 01:10:11,759
Speaker 11: jobs gone.

1523
01:10:11,720 --> 01:10:15,160
Speaker 21: Correct, because of the power, because of the policy settings

1524
01:10:15,160 --> 01:10:17,240
Speaker 21: that you guys had in the previous government. You're dead right,

1525
01:10:17,640 --> 01:10:20,920
Speaker 21: you had awful policy settings, energy policy settings, and we

1526
01:10:21,000 --> 01:10:23,040
Speaker 21: are picking up the tab for that now and we're

1527
01:10:23,080 --> 01:10:25,680
Speaker 21: coming out. We're saying as a country, we need to diversify,

1528
01:10:25,840 --> 01:10:27,840
Speaker 21: we need to have renewables, but we need to have

1529
01:10:27,960 --> 01:10:28,880
Speaker 21: all and guess as well.

1530
01:10:29,240 --> 01:10:29,760
Speaker 5: And you got.

1531
01:10:32,479 --> 01:10:36,439
Speaker 11: Has been put in twenty years since we found any

1532
01:10:36,680 --> 01:10:40,840
Speaker 11: new guess Again, if we found some tomorrow, it'll be

1533
01:10:40,920 --> 01:10:42,840
Speaker 11: ten years before we get it online. So that's not

1534
01:10:42,920 --> 01:10:45,080
Speaker 11: going to fix the problems we've got now. And we

1535
01:10:45,160 --> 01:10:48,040
Speaker 11: need a better plan than Nicola writing a shitty letter

1536
01:10:48,120 --> 01:10:50,599
Speaker 11: at someone and saying stop it, because we've all heard

1537
01:10:50,680 --> 01:10:53,040
Speaker 11: that one before and it's tired and old, and there

1538
01:10:53,120 --> 01:10:54,360
Speaker 11: is no cre the country.

1539
01:10:54,479 --> 01:10:57,400
Speaker 21: The country wants, the country wants to bypartisan approach to this,

1540
01:10:57,560 --> 01:10:59,880
Speaker 21: so there's some certainty. So it allows the companies that

1541
01:11:00,120 --> 01:11:01,880
Speaker 21: she needs to make a major investment to find that

1542
01:11:02,000 --> 01:11:04,360
Speaker 21: all in guests to make that investment. And by the way,

1543
01:11:04,720 --> 01:11:06,840
Speaker 21: if you are so sure there's no all or guess

1544
01:11:06,920 --> 01:11:09,560
Speaker 21: out there, why do you keep banning the exploration of it?

1545
01:11:10,880 --> 01:11:13,880
Speaker 11: Well, good luck finding it. I'm hopeful like you. Let's

1546
01:11:13,920 --> 01:11:15,880
Speaker 11: let's let's up there is somebody will take ten years

1547
01:11:15,920 --> 01:11:16,719
Speaker 11: before it's online.

1548
01:11:16,880 --> 01:11:19,680
Speaker 4: Have you found have you found Ginny? Just quickly? Have

1549
01:11:19,760 --> 01:11:22,400
Speaker 4: you found the euro ruinous? Are you coming back to

1550
01:11:22,479 --> 01:11:24,400
Speaker 4: the country largely bereft of funds?

1551
01:11:26,720 --> 01:11:27,439
Speaker 2: It is bleak.

1552
01:11:27,600 --> 01:11:29,920
Speaker 11: I have to say exchange rate for New Zealanders it's

1553
01:11:30,120 --> 01:11:30,639
Speaker 11: really tough.

1554
01:11:30,800 --> 01:11:34,040
Speaker 4: Yeah, yeah, and even you Mark at eighty seven cents Australian.

1555
01:11:34,520 --> 01:11:36,519
Speaker 4: I mean you're going to be working hard. You're going

1556
01:11:36,560 --> 01:11:38,400
Speaker 4: out for dinner. You're shouting the lads tonight, a few

1557
01:11:38,439 --> 01:11:39,720
Speaker 4: beers and a few states.

1558
01:11:41,000 --> 01:11:41,679
Speaker 5: Probably the beer.

1559
01:11:41,720 --> 01:11:44,040
Speaker 21: We meeting up with Mark Bosh, who's doing a great

1560
01:11:44,120 --> 01:11:45,719
Speaker 21: job as the new Commissioner of Victoria.

1561
01:11:45,800 --> 01:11:48,200
Speaker 5: But of course they've had a very tough time at

1562
01:11:48,240 --> 01:11:48,880
Speaker 5: losing two.

1563
01:11:48,720 --> 01:11:51,800
Speaker 21: Of their police officers recently, so I'm sure we'll catch

1564
01:11:51,880 --> 01:11:52,600
Speaker 21: up and have a view with it.

1565
01:11:52,840 --> 01:11:54,360
Speaker 4: So hi to Mike for me. I like him, he's

1566
01:11:54,360 --> 01:11:57,320
Speaker 4: one of my It's nice to see you. Jenny Anderson

1567
01:11:57,360 --> 01:11:59,120
Speaker 4: fly home. Safely and good luck at the water park.

1568
01:11:59,160 --> 01:12:00,400
Speaker 4: Jenny Anderson, Mark Mitchell.

1569
01:12:00,439 --> 01:12:04,280
Speaker 1: It is eight twenty two the Mike Hosking Breakfast with

1570
01:12:04,600 --> 01:12:06,280
Speaker 1: Bailey's Real Estate News Talks.

1571
01:12:06,280 --> 01:12:08,920
Speaker 4: There'd be now if you're think about renovating the old kitchen,

1572
01:12:09,040 --> 01:12:11,479
Speaker 4: now that the Springers hear a perfect time to transform

1573
01:12:11,520 --> 01:12:15,200
Speaker 4: your home. Will New Zealand's premium kitchen at DIY format

1574
01:12:15,880 --> 01:12:18,800
Speaker 4: is you do It. DIY kitchens means great savings without

1575
01:12:18,800 --> 01:12:21,479
Speaker 4: compromising on quality. For almost fifty years of Proud Quy Company,

1576
01:12:21,520 --> 01:12:25,160
Speaker 4: of course they've been helping homeowners create superior quality kitchens

1577
01:12:25,160 --> 01:12:29,120
Speaker 4: at incredibly affordable prices. So what's the affordability equation? Well, basically,

1578
01:12:29,280 --> 01:12:31,519
Speaker 4: you do the design, so they've got the easy tools,

1579
01:12:32,040 --> 01:12:34,360
Speaker 4: let you customize the cabinet size. There's no extra cost

1580
01:12:34,439 --> 01:12:36,880
Speaker 4: for that. You choose from over thirty five color options.

1581
01:12:37,160 --> 01:12:38,960
Speaker 4: Once you've locked in that design, that you do It

1582
01:12:39,040 --> 01:12:41,800
Speaker 4: team will precision manufacture that kitchen right here in the country,

1583
01:12:41,800 --> 01:12:43,559
Speaker 4: which is good, and then only seven days you heard

1584
01:12:43,600 --> 01:12:46,920
Speaker 4: it right, seven days everything dispatched your door. So you

1585
01:12:46,960 --> 01:12:49,160
Speaker 4: don't need to be a DIY pro either. By the way,

1586
01:12:49,160 --> 01:12:52,599
Speaker 4: because assembly is easy, local DIY experts are only an

1587
01:12:52,640 --> 01:12:55,080
Speaker 4: email away. So when the housing market a bit flat,

1588
01:12:55,439 --> 01:12:58,559
Speaker 4: strategic improvements are the best investment, of course, So get

1589
01:12:58,600 --> 01:13:01,519
Speaker 4: the exact kitchen you want, add real value to your home,

1590
01:13:01,840 --> 01:13:04,040
Speaker 4: save thousands in the process. Whether you do it U

1591
01:13:04,439 --> 01:13:07,840
Speaker 4: d U, their customers are proud to say I did

1592
01:13:07,880 --> 01:13:11,280
Speaker 4: it myself past get Mike lived in Canberra in the

1593
01:13:11,320 --> 01:13:14,880
Speaker 4: early twenties, worked in hospo. There's definitely more to Canberra,

1594
01:13:14,920 --> 01:13:16,960
Speaker 4: the meets of the it a uni town and a government,

1595
01:13:17,160 --> 01:13:19,360
Speaker 4: so money in students, What could possibly go wrong? Lots

1596
01:13:19,360 --> 01:13:20,519
Speaker 4: of fun. Just got to live there for a bit,

1597
01:13:20,560 --> 01:13:24,160
Speaker 4: fair enough. I was only there for an afternoon, really, Mike.

1598
01:13:24,520 --> 01:13:27,439
Speaker 4: How does the power get cheaper with renewables? The answer

1599
01:13:27,640 --> 01:13:31,840
Speaker 4: is supply and demand, So the investment is massive. More

1600
01:13:31,880 --> 01:13:35,960
Speaker 4: and more supply comes on stream. As supply comes on stream,

1601
01:13:37,000 --> 01:13:39,720
Speaker 4: the equation changes. So, in other words, when you're in

1602
01:13:39,800 --> 01:13:41,599
Speaker 4: the middle of a winter and there is no power

1603
01:13:42,280 --> 01:13:44,439
Speaker 4: and it hasn't rained, and the wind isn't blowing and

1604
01:13:44,560 --> 01:13:48,560
Speaker 4: there isn't enough coal, and hydrothermal hasn't or the geothermal

1605
01:13:48,640 --> 01:13:51,320
Speaker 4: rather hasn't been exploited to its full extent, the cost

1606
01:13:51,360 --> 01:13:53,280
Speaker 4: per unit, the spot price goes through the roof as

1607
01:13:53,320 --> 01:13:55,400
Speaker 4: we've seen for the last couple of winters. If you

1608
01:13:55,560 --> 01:14:00,720
Speaker 4: have a vast suite of supply, then them will never

1609
01:14:00,920 --> 01:14:04,120
Speaker 4: outstrip the supply. Therefore the price will never spike. I mean,

1610
01:14:04,120 --> 01:14:07,519
Speaker 4: if you're literally asking how will the price go down,

1611
01:14:07,560 --> 01:14:10,160
Speaker 4: it won't. Nothing. The price of nothing goes down. What

1612
01:14:10,280 --> 01:14:12,720
Speaker 4: are the security issues, Mike with online voting? We've got

1613
01:14:12,760 --> 01:14:15,840
Speaker 4: government departments such as passports that are secure, Brad. The

1614
01:14:15,960 --> 01:14:19,960
Speaker 4: problem with online voting is trust. No one trusts online

1615
01:14:20,040 --> 01:14:22,400
Speaker 4: these days. Everyone's got a ah, yeah, how do you

1616
01:14:22,520 --> 01:14:24,599
Speaker 4: know that worked? Oh yeah, how do you know that's

1617
01:14:24,640 --> 01:14:27,519
Speaker 4: really you? All of that And until you overcome that,

1618
01:14:27,600 --> 01:14:29,760
Speaker 4: which I don't think we're going to, you're not going

1619
01:14:29,800 --> 01:14:31,320
Speaker 4: to have trust in the process. And if you don't

1620
01:14:31,320 --> 01:14:33,760
Speaker 4: have trust in the process, no one turns up to participate,

1621
01:14:33,840 --> 01:14:37,080
Speaker 4: do they, right? The big announcement the reform, to my eye,

1622
01:14:37,200 --> 01:14:40,240
Speaker 4: it's got a touch of the disappointment about it, the

1623
01:14:40,320 --> 01:14:41,439
Speaker 4: electricity reform.

1624
01:14:41,560 --> 01:14:41,920
Speaker 17: It's not.

1625
01:14:43,400 --> 01:14:47,080
Speaker 4: Charismatic or dynamic or dramatic. But we'll talk to the

1626
01:14:47,160 --> 01:14:48,679
Speaker 4: minister after the news, which.

1627
01:14:48,560 --> 01:14:54,720
Speaker 1: Is next opinionated, informed, unapologetic. The Mic Hosking Breakfast with

1628
01:14:54,920 --> 01:14:58,840
Speaker 1: the land Rover Defender embrace the impossible news togs dead

1629
01:14:58,880 --> 01:14:59,960
Speaker 1: b I we'll.

1630
01:14:59,840 --> 01:15:02,760
Speaker 4: Go Australia Marrial's very shortly. But on Power Reform Day,

1631
01:15:02,960 --> 01:15:05,120
Speaker 4: what have we learned, Well, there's a posived barrier among

1632
01:15:05,200 --> 01:15:07,120
Speaker 4: these state owned gent tailors apparently when it comes to

1633
01:15:07,200 --> 01:15:09,160
Speaker 4: access to capital. We're moving to a small degree on

1634
01:15:09,320 --> 01:15:11,920
Speaker 4: LPG as well. The Electricity Authority gets to boost and

1635
01:15:11,960 --> 01:15:16,400
Speaker 4: transpower has a more sophisticated monitoring role. Anyway, the Energy

1636
01:15:16,479 --> 01:15:19,080
Speaker 4: Minister simon what's with us? Good morning, very good morning, Mike.

1637
01:15:19,200 --> 01:15:21,120
Speaker 4: A couple of specifics I want to cover off reasonably

1638
01:15:21,160 --> 01:15:25,080
Speaker 4: quickly LPG, how much and what's the timeline.

1639
01:15:26,640 --> 01:15:29,680
Speaker 15: So we're looking at doing a request proposal for an

1640
01:15:29,720 --> 01:15:33,120
Speaker 15: importation terminal for LNG. We're going to be releasing that

1641
01:15:33,280 --> 01:15:35,960
Speaker 15: on the sixth of October, so next week, and we're

1642
01:15:36,000 --> 01:15:38,640
Speaker 15: going to get those back before Christmas for Cabinet.

1643
01:15:38,280 --> 01:15:41,240
Speaker 4: To make a decision when does LPG arrive in the country.

1644
01:15:42,320 --> 01:15:45,479
Speaker 15: On the shortest timeline that we've had, we're looking at

1645
01:15:45,600 --> 01:15:48,120
Speaker 15: winter twenty seven, but we're going to need to get

1646
01:15:48,160 --> 01:15:52,920
Speaker 15: proposals through from multinational companies. I would expect around what

1647
01:15:53,160 --> 01:15:56,040
Speaker 15: is possible. It's a complex project and there's a lot

1648
01:15:56,080 --> 01:15:59,200
Speaker 15: of kiss involved in order to need to be put

1649
01:15:59,240 --> 01:16:02,000
Speaker 15: in place that is the fastest. If you go for

1650
01:16:02,040 --> 01:16:04,360
Speaker 15: a more traditional route, then you're looking probably at twenty

1651
01:16:04,400 --> 01:16:07,599
Speaker 15: eight twenty nine, But we need that fuel source.

1652
01:16:08,200 --> 01:16:11,920
Speaker 4: As far as today's announcements concerned Transpower a more sophisticated

1653
01:16:12,040 --> 01:16:13,800
Speaker 4: monitoring role, what does that mean.

1654
01:16:14,840 --> 01:16:17,200
Speaker 15: Well, look, the reality is right now, we do not

1655
01:16:17,479 --> 01:16:22,440
Speaker 15: regulate for dry year effect. We don't regulate for resilience,

1656
01:16:23,280 --> 01:16:25,400
Speaker 15: and that is an issue that we faced last year.

1657
01:16:25,479 --> 01:16:28,240
Speaker 15: So I'm going to be instructing Transpower that they will

1658
01:16:28,320 --> 01:16:31,280
Speaker 15: need to assume a role of making sure that they

1659
01:16:31,320 --> 01:16:33,759
Speaker 15: are monitoring both a demand and supply in the market.

1660
01:16:34,080 --> 01:16:36,599
Speaker 15: And where there's a gap, as we experienced last year,

1661
01:16:37,200 --> 01:16:39,560
Speaker 15: then the EA regulator will need to make sure that

1662
01:16:39,640 --> 01:16:40,719
Speaker 15: that gap is covered.

1663
01:16:41,080 --> 01:16:45,600
Speaker 4: Strengthening the Electricity Authority, how we need to.

1664
01:16:45,680 --> 01:16:48,720
Speaker 15: Put in place much stronger enforcement powers. We're going to

1665
01:16:48,760 --> 01:16:52,120
Speaker 15: give it the powers consistent with the Commerce Commission. That

1666
01:16:52,280 --> 01:16:56,719
Speaker 15: includes the ability to find to have criminalized certain behavior.

1667
01:16:57,120 --> 01:16:59,440
Speaker 15: At the end of the day, we need that regulated

1668
01:16:59,520 --> 01:17:02,639
Speaker 15: to be more powerful and have stronger teeth. The Commerce

1669
01:17:02,680 --> 01:17:05,320
Speaker 15: Commission is a good model and the EA needs to

1670
01:17:05,400 --> 01:17:08,240
Speaker 15: match that. So we'll be putting in changes to effect

1671
01:17:08,320 --> 01:17:12,280
Speaker 15: that pretty much by early part of next year, because

1672
01:17:12,280 --> 01:17:13,720
Speaker 15: some of them will require legislation.

1673
01:17:14,000 --> 01:17:15,920
Speaker 4: And is this your sop to all of those who

1674
01:17:15,920 --> 01:17:18,639
Speaker 4: will be disappointed today that you haven't split the gen tailors.

1675
01:17:19,960 --> 01:17:22,680
Speaker 15: Well, look, Mike, let's be fair. The splitting of the

1676
01:17:22,760 --> 01:17:26,919
Speaker 15: gen tailors is a good politics, but it's not good policy.

1677
01:17:27,200 --> 01:17:30,760
Speaker 15: It doesn't fix the underlying problem. We've already released and

1678
01:17:30,800 --> 01:17:34,760
Speaker 15: announced the changes by the Atricity Authority around non discrimination,

1679
01:17:34,920 --> 01:17:38,240
Speaker 15: which means they can't sell to other people at a

1680
01:17:38,320 --> 01:17:42,040
Speaker 15: higher price than themselves. That's a material change. The major

1681
01:17:42,120 --> 01:17:44,519
Speaker 15: issue we're dealing with here is the fact that their

1682
01:17:44,600 --> 01:17:49,639
Speaker 15: investment in energy sources thermal etc. To cover a dry

1683
01:17:49,800 --> 01:17:52,800
Speaker 15: year has not been happening. That's the problem, statement, and

1684
01:17:52,880 --> 01:17:56,320
Speaker 15: that's why our bundle of solutions and actions that we're taking.

1685
01:17:56,360 --> 01:17:58,640
Speaker 15: You've got to see this as a package sure to

1686
01:17:58,760 --> 01:18:01,160
Speaker 15: deal with the shortage of fuel, deal with the fact

1687
01:18:01,160 --> 01:18:03,479
Speaker 15: that we've got a shortage degeneration, and also deal with

1688
01:18:03,600 --> 01:18:06,160
Speaker 15: the elephant in the room, Mike, which was had sovereign

1689
01:18:06,280 --> 01:18:09,080
Speaker 15: risk as a result of prior government policy.

1690
01:18:08,720 --> 01:18:11,080
Speaker 4: Which is to get you on that's the main thrust

1691
01:18:11,120 --> 01:18:13,560
Speaker 4: of your announcement today, the so called sovereign risk a

1692
01:18:13,680 --> 01:18:16,800
Speaker 4: perception the government would not provide equity injections. Where are

1693
01:18:16,800 --> 01:18:18,400
Speaker 4: they getting that from and why didn't you just wring

1694
01:18:18,479 --> 01:18:21,640
Speaker 4: them and say we're in Well, the reality is what.

1695
01:18:21,680 --> 01:18:24,360
Speaker 15: We're making very clear in the announcement today is that

1696
01:18:24,600 --> 01:18:29,000
Speaker 15: if the entities require capital in order to increase generation,

1697
01:18:29,600 --> 01:18:32,840
Speaker 15: then the Crown is prepared to support capital funding requests

1698
01:18:33,320 --> 01:18:36,160
Speaker 15: for that purpose. We've been very clear around that to

1699
01:18:36,280 --> 01:18:39,280
Speaker 15: make sure that that perception is not the reality.

1700
01:18:39,560 --> 01:18:42,000
Speaker 4: But how do you debtail that with Mike Fuch, who

1701
01:18:42,040 --> 01:18:43,680
Speaker 4: we had on earlier on in the program today, said

1702
01:18:43,680 --> 01:18:45,960
Speaker 4: We've never seen so much investment where we're booming an

1703
01:18:46,000 --> 01:18:46,880
Speaker 4: investment at the moment.

1704
01:18:48,040 --> 01:18:51,520
Speaker 15: Well, Mike, you know, we've got a pretty significant renewable pipeline.

1705
01:18:51,960 --> 01:18:54,320
Speaker 15: I don't doubt that. But am I seeing that flow

1706
01:18:54,360 --> 01:18:56,960
Speaker 15: through in terms of the price of energy. No, And

1707
01:18:57,160 --> 01:19:00,960
Speaker 15: that is what is hitting hard Kiwi households. And that's

1708
01:19:01,080 --> 01:19:03,040
Speaker 15: the issue that we need to deal with. And this

1709
01:19:03,200 --> 01:19:07,040
Speaker 15: package of announcements and actions taken as one, is some

1710
01:19:07,160 --> 01:19:11,720
Speaker 15: of the most significant bundle of energy market package announcements

1711
01:19:11,720 --> 01:19:14,080
Speaker 15: that we've seen in a long time. It's going to

1712
01:19:14,560 --> 01:19:17,479
Speaker 15: need to be seen as one package, not as individual parts.

1713
01:19:17,520 --> 01:19:20,439
Speaker 15: But together we are comfort and confident that it will

1714
01:19:20,439 --> 01:19:21,439
Speaker 15: make a significant impact.

1715
01:19:21,600 --> 01:19:23,320
Speaker 4: All right, appreciate your time. We'll wait for the as

1716
01:19:23,360 --> 01:19:25,360
Speaker 4: simon what's in a gym, Minister, We'll wait for the

1717
01:19:25,439 --> 01:19:29,360
Speaker 4: reaction from the state owned Gen Taylor's. But from my

1718
01:19:29,560 --> 01:19:32,000
Speaker 4: reading of this, it's got a so what have we

1719
01:19:32,240 --> 01:19:34,800
Speaker 4: I mean, it's nothing bad about it. It's not like

1720
01:19:34,840 --> 01:19:37,240
Speaker 4: we've gone backwards. But there'll be people upset who weren't

1721
01:19:37,240 --> 01:19:39,240
Speaker 4: going to split the jet, who wanted the gentailer split,

1722
01:19:39,320 --> 01:19:40,880
Speaker 4: which they were never going to be. So if you're

1723
01:19:40,960 --> 01:19:43,240
Speaker 4: upset about that, move on, it was never going to happen.

1724
01:19:43,720 --> 01:19:46,519
Speaker 4: The lng thing, yeah, is that it's not as big

1725
01:19:46,560 --> 01:19:48,439
Speaker 4: as we might have hoped, because it was one of

1726
01:19:48,479 --> 01:19:50,599
Speaker 4: those ideas floated by Sam and Brown who was Energy

1727
01:19:50,640 --> 01:19:52,880
Speaker 4: Minister at the time, and I don't think when he

1728
01:19:52,920 --> 01:19:55,720
Speaker 4: floated it he realized how big and expensive it logistically

1729
01:19:55,840 --> 01:19:58,280
Speaker 4: challenging it was going to be. I find it hard

1730
01:19:58,360 --> 01:20:01,479
Speaker 4: to believe that the Gen Taylors were worried about capital

1731
01:20:01,600 --> 01:20:04,120
Speaker 4: raising given the amount of money that's out there on

1732
01:20:04,160 --> 01:20:05,479
Speaker 4: the market at the moment, and all they had to

1733
01:20:05,520 --> 01:20:07,560
Speaker 4: do was ring Simon and go, hey listener, if we

1734
01:20:07,680 --> 01:20:09,639
Speaker 4: went big on this, could we get some backing from

1735
01:20:09,640 --> 01:20:11,960
Speaker 4: the government. They would have said yes. So I don't know.

1736
01:20:12,479 --> 01:20:14,640
Speaker 4: It's got a loot warm vibe about it as far

1737
01:20:14,680 --> 01:20:17,360
Speaker 4: as I can tell. Eighteen to nine The.

1738
01:20:17,479 --> 01:20:21,840
Speaker 1: Hike Asking Breakfast Full Show podcast on iHeartRadio powered by

1739
01:20:21,920 --> 01:20:22,759
Speaker 1: News Talks at.

1740
01:20:22,640 --> 01:20:27,679
Speaker 4: Be China are bad news for your American soybean grower.

1741
01:20:28,720 --> 01:20:32,719
Speaker 4: China this year are purchasing normally, they purchased twelve billion,

1742
01:20:32,920 --> 01:20:36,400
Speaker 4: fact twelve point six billion dollars worth of soybeans. So

1743
01:20:36,880 --> 01:20:40,320
Speaker 4: this year they're going to purchase none. And it affects

1744
01:20:40,320 --> 01:20:42,360
Speaker 4: the people of Minnesota because there are twenty six thousand

1745
01:20:42,400 --> 01:20:45,680
Speaker 4: soybean farmers in Minnesota and they take their crop each

1746
01:20:45,720 --> 01:20:47,800
Speaker 4: year and seend sixty percent of it overseas in China

1747
01:20:47,840 --> 01:20:49,840
Speaker 4: as their biggest buyer. And so this year they are

1748
01:20:49,880 --> 01:20:52,600
Speaker 4: selling exactly none to China. And that's all to do

1749
01:20:52,680 --> 01:20:54,960
Speaker 4: with the protracted trade disputes. So they're paying the big price.

1750
01:20:55,000 --> 01:20:57,080
Speaker 4: And so where have China gone for their soybeans? Brazil

1751
01:20:57,360 --> 01:20:58,520
Speaker 4: and Argentina.

1752
01:20:58,840 --> 01:21:02,599
Speaker 1: International correspond squid ends in eye insurance. Peace of Mind

1753
01:21:02,680 --> 01:21:04,960
Speaker 1: for New Zealand business Murray.

1754
01:21:04,680 --> 01:21:05,439
Speaker 5: Old, how are you?

1755
01:21:06,080 --> 01:21:08,840
Speaker 17: Yeah, very good morning, Mike. Thanks pretty good. After a

1756
01:21:08,880 --> 01:21:10,599
Speaker 17: lovely holiday in Japan. Its beautiful.

1757
01:21:10,840 --> 01:21:12,080
Speaker 4: Well what do you do in Japan? Do you go

1758
01:21:12,160 --> 01:21:12,880
Speaker 4: on a fast train?

1759
01:21:13,920 --> 01:21:18,160
Speaker 17: Here went on a number of shen Kensan's, which were fantastic,

1760
01:21:18,240 --> 01:21:22,360
Speaker 17: looked like I mean, it's just twenty second century technology there.

1761
01:21:22,360 --> 01:21:24,000
Speaker 17: And then we took a cruise around the northern part

1762
01:21:24,040 --> 01:21:27,000
Speaker 17: of Japan and across the Korea. Busan. If you've ever

1763
01:21:27,040 --> 01:21:31,240
Speaker 17: seen Busan, the second biggest city in Korea, it's as though,

1764
01:21:31,439 --> 01:21:35,240
Speaker 17: I don't know, it's like architects on steroids have gone

1765
01:21:35,280 --> 01:21:36,440
Speaker 17: to work there. It's extraordinary.

1766
01:21:36,560 --> 01:21:38,000
Speaker 4: It's a lovely place Japan. I got a lot of

1767
01:21:38,000 --> 01:21:40,240
Speaker 4: time for it. How was the Australian dollar holding up

1768
01:21:40,240 --> 01:21:41,080
Speaker 4: against the yn.

1769
01:21:41,640 --> 01:21:43,880
Speaker 17: Yeah pretty well. I mean when you can get a

1770
01:21:45,280 --> 01:21:49,280
Speaker 17: five hundred mili can of Asahi for two dollars eighty,

1771
01:21:50,600 --> 01:21:52,640
Speaker 17: I think you'll agree it's pretty good. I mean it

1772
01:21:52,760 --> 01:21:55,320
Speaker 17: beer achieved than water, which I've always argued it should be.

1773
01:21:55,439 --> 01:21:58,280
Speaker 4: It should be exactly. And the politician in Australia who

1774
01:21:58,280 --> 01:22:00,799
Speaker 4: introduces that policy as in government for life, surely.

1775
01:22:02,160 --> 01:22:03,040
Speaker 5: You got that right now.

1776
01:22:03,240 --> 01:22:05,960
Speaker 4: Three point six percent Michelle wasn't for moving and we

1777
01:22:06,040 --> 01:22:08,040
Speaker 4: didn't think she would be. But the question now is

1778
01:22:08,520 --> 01:22:09,280
Speaker 4: do we think that's.

1779
01:22:09,160 --> 01:22:09,720
Speaker 5: It for the year.

1780
01:22:11,040 --> 01:22:14,679
Speaker 17: Yes and no, depends that you talk to. The Reserve

1781
01:22:14,800 --> 01:22:18,439
Speaker 17: Bank will meet again twice before Christmas, and there are

1782
01:22:18,520 --> 01:22:23,000
Speaker 17: hopes that things will settle down sufficiently for Michelle Bullock,

1783
01:22:23,000 --> 01:22:26,000
Speaker 17: who's the Governor of the Reserve Bank of Australia, sufficiently

1784
01:22:26,080 --> 01:22:28,160
Speaker 17: that she and her colleagues will be able to cut

1785
01:22:28,240 --> 01:22:31,479
Speaker 17: rates again. I mean hopes were dashed really for all

1786
01:22:31,560 --> 01:22:35,280
Speaker 17: the Aussies battling very big mortgages, they were anxious for

1787
01:22:35,320 --> 01:22:38,240
Speaker 17: another cut. So maybe a Christmas presence on the cards.

1788
01:22:38,600 --> 01:22:41,920
Speaker 17: I mean unemployment and inflation, of the two imponderables that

1789
01:22:42,040 --> 01:22:44,479
Speaker 17: Bullock and company are trying to balance here. As you

1790
01:22:44,560 --> 01:22:49,280
Speaker 17: well know, they don't want to cut interest rates when

1791
01:22:49,360 --> 01:22:51,760
Speaker 17: inflation's rising, and it is. It's sticked up here. It's

1792
01:22:51,920 --> 01:22:57,480
Speaker 17: very sticky inflation, which is beyond my limited metal capacity.

1793
01:22:57,560 --> 01:23:00,920
Speaker 17: But it's the inflation that is not sort of so

1794
01:23:01,160 --> 01:23:04,400
Speaker 17: volatile they can disregard one or two items. It's hanging

1795
01:23:04,520 --> 01:23:07,720
Speaker 17: around and that's the pain for mortgage holders over here.

1796
01:23:08,080 --> 01:23:13,200
Speaker 17: And also unemployment, I mean unemployment is ticking up and

1797
01:23:13,920 --> 01:23:16,280
Speaker 17: the thing is that Michelle Bullock is anxious about the

1798
01:23:16,360 --> 01:23:20,360
Speaker 17: jobless right. If she starts cutting rates too soon, the

1799
01:23:20,479 --> 01:23:22,680
Speaker 17: things may you know in place, may go oh, all

1800
01:23:22,680 --> 01:23:25,759
Speaker 17: of a sudden, bang up it goes again. So she's anxious,

1801
01:23:25,960 --> 01:23:28,639
Speaker 17: she's not gonna she's not for gambling. Put it that way.

1802
01:23:28,880 --> 01:23:31,479
Speaker 17: And I think a lot of people expected, as you said,

1803
01:23:31,560 --> 01:23:33,280
Speaker 17: expected exactly what's happened.

1804
01:23:33,160 --> 01:23:34,880
Speaker 4: Now the Optus thing, you will have come back to.

1805
01:23:35,280 --> 01:23:37,120
Speaker 4: So a couple of out and just sing, tell who

1806
01:23:37,160 --> 01:23:39,160
Speaker 4: are a major player and Optus of course they flew

1807
01:23:39,200 --> 01:23:41,879
Speaker 4: their bloke in from Singapore yesterday and the minister got involved,

1808
01:23:42,000 --> 01:23:44,320
Speaker 4: and it would appear, correct me if I'm wrong, Murray,

1809
01:23:44,600 --> 01:23:46,680
Speaker 4: it would appear because a lot of people, even Elbanezi

1810
01:23:46,720 --> 01:23:48,479
Speaker 4: when he was in America the other day, goes well,

1811
01:23:48,520 --> 01:23:50,839
Speaker 4: I'd be very surprised if the CEO is not considering

1812
01:23:50,880 --> 01:23:54,640
Speaker 4: his position. He seems safe because he's relatively new and

1813
01:23:54,720 --> 01:23:57,679
Speaker 4: he was brought in to turn the company around exactly.

1814
01:23:57,760 --> 01:24:00,479
Speaker 17: He was number two when the Optus outed happened a

1815
01:24:00,560 --> 01:24:03,280
Speaker 17: couple of years back, so Steven Rue his name is

1816
01:24:03,680 --> 01:24:07,720
Speaker 17: twelve months ago. So basically there's no one else left

1817
01:24:07,760 --> 01:24:10,480
Speaker 17: and he's the guy who has been asked by Sinktel

1818
01:24:10,600 --> 01:24:14,520
Speaker 17: to run the joint under a chairman who's very experienced

1819
01:24:14,560 --> 01:24:17,240
Speaker 17: as well. But the problem here is Mike, it's just

1820
01:24:17,439 --> 01:24:20,559
Speaker 17: this reputational damage. I mean, I've not seen up as

1821
01:24:20,600 --> 01:24:23,800
Speaker 17: a share price since this latest fiasco, which is what

1822
01:24:23,920 --> 01:24:26,559
Speaker 17: it is. It's it's a tragedy as well. I mean

1823
01:24:26,720 --> 01:24:29,320
Speaker 17: on this it was a standard upgrade and there were

1824
01:24:29,360 --> 01:24:33,040
Speaker 17: people involved in Australia and in India and it went tragically,

1825
01:24:33,280 --> 01:24:37,400
Speaker 17: fatally wrong for three people. Triple zero calls for emergency

1826
01:24:37,479 --> 01:24:41,040
Speaker 17: help from ambulance, fire or from police weren't getting through

1827
01:24:41,200 --> 01:24:45,080
Speaker 17: in South Australia, WA and in the Northern Territory. Here's

1828
01:24:45,120 --> 01:24:47,799
Speaker 17: the problem. Though every other call was going through normally.

1829
01:24:48,040 --> 01:24:52,320
Speaker 17: It was just that emergency course. And okay, the company's

1830
01:24:52,360 --> 01:24:54,120
Speaker 17: come out and put its hand at heart said, oh listen,

1831
01:24:54,720 --> 01:24:57,280
Speaker 17: it's a tragedy. We're very sorry. The same bloody thing

1832
01:24:57,320 --> 01:25:01,960
Speaker 17: happened on Sunday happened last Sunday. Now it's not it's

1833
01:25:02,000 --> 01:25:05,040
Speaker 17: clearly not good enough. Now that the federal government is

1834
01:25:05,080 --> 01:25:08,320
Speaker 17: demanding new standards whereby if you ever Telco and I

1835
01:25:08,479 --> 01:25:11,639
Speaker 17: do your one goes out for whatever reason it could

1836
01:25:11,640 --> 01:25:14,800
Speaker 17: be a big storm. For example, I don't know automatically

1837
01:25:15,080 --> 01:25:17,800
Speaker 17: the sufficient satellite switching and whoever the hell else they

1838
01:25:17,920 --> 01:25:20,439
Speaker 17: need to get those emergency calls that would go to

1839
01:25:20,560 --> 01:25:22,960
Speaker 17: you to come over to my network for the duration

1840
01:25:23,080 --> 01:25:26,240
Speaker 17: of the outage. It's not that hard. That heavens about

1841
01:25:26,280 --> 01:25:31,479
Speaker 17: optus is just dreadful. Just the horrible optics of the optics.

1842
01:25:31,520 --> 01:25:33,920
Speaker 17: Boss standing there with his fixed grin on his face.

1843
01:25:34,040 --> 01:25:36,920
Speaker 17: It's just make the cap is going to be got

1844
01:25:37,000 --> 01:25:38,480
Speaker 17: to be screaming inside.

1845
01:25:38,360 --> 01:25:40,040
Speaker 4: You go unpeck. Make good to have you back and

1846
01:25:40,320 --> 01:25:41,840
Speaker 4: that Judy free you brought me back to Just flick

1847
01:25:41,880 --> 01:25:43,439
Speaker 4: at forward anytime that suits you.

1848
01:25:43,479 --> 01:25:44,720
Speaker 17: It'll be very good.

1849
01:25:45,960 --> 01:25:48,640
Speaker 4: Murray holds out of Australia for us this morning as

1850
01:25:48,760 --> 01:25:51,000
Speaker 4: something actually on elbow and supermarkets in the moment of

1851
01:25:51,040 --> 01:25:52,760
Speaker 4: I get time nine to nine, the.

1852
01:25:52,960 --> 01:25:57,120
Speaker 1: Mic Hosking breakfast with a Vita Retirement Communities news togs

1853
01:25:57,160 --> 01:25:57,439
Speaker 1: Head be.

1854
01:25:57,600 --> 01:25:59,960
Speaker 4: Another thing that happened, big ish that happened in Australia.

1855
01:26:00,160 --> 01:26:02,880
Speaker 4: They remember in the very early days of the Trump administration,

1856
01:26:03,000 --> 01:26:04,680
Speaker 4: Hig Seth I think, came out and said we're going

1857
01:26:04,720 --> 01:26:06,519
Speaker 4: to review aucas and everyone freaked out and went, oh

1858
01:26:06,560 --> 01:26:08,519
Speaker 4: my god, what's that meme While Orcas is in trouble,

1859
01:26:09,160 --> 01:26:11,560
Speaker 4: that review's been done. I think it was supposed to

1860
01:26:11,600 --> 01:26:13,400
Speaker 4: be done in ninety days or whatever the case may be.

1861
01:26:13,520 --> 01:26:16,719
Speaker 4: But anyway, that was done, and they said yesterday quote unquote,

1862
01:26:16,760 --> 01:26:19,720
Speaker 4: this is Pentagon. Orcus is safe. So they sell at

1863
01:26:19,800 --> 01:26:22,280
Speaker 4: least three Virginia class submarines to Australia from the early

1864
01:26:22,360 --> 01:26:25,840
Speaker 4: twenty thirties. The US would share nuclear propulsion technology so

1865
01:26:25,960 --> 01:26:27,800
Speaker 4: the UK and Australia can work together on the new

1866
01:26:27,920 --> 01:26:31,759
Speaker 4: Orcast Submarine class submarine that arrives in the early twenty forties.

1867
01:26:31,880 --> 01:26:34,599
Speaker 4: All of that was supposed to be discussed by Elbow

1868
01:26:34,800 --> 01:26:38,840
Speaker 4: with Starma post the meeting with Elbow and Trump, which

1869
01:26:38,960 --> 01:26:41,960
Speaker 4: never happened. So that was the problem with Orcus meantime,

1870
01:26:42,040 --> 01:26:44,960
Speaker 4: on the way back from the meeting, basically as around

1871
01:26:44,960 --> 01:26:47,920
Speaker 4: the world trip that Elbow has been having, he stopped

1872
01:26:47,960 --> 01:26:49,920
Speaker 4: off yesterday in the Middle East and he looked at

1873
01:26:49,960 --> 01:26:53,599
Speaker 4: Lulu Hypermarket and he was talking to the Lulu group chairman,

1874
01:26:53,600 --> 01:26:56,559
Speaker 4: who's a guy called Arli, mister Ali, and he said,

1875
01:26:56,600 --> 01:26:58,679
Speaker 4: why don't you come and set up in Australia because

1876
01:26:58,680 --> 01:27:00,880
Speaker 4: they're all ove there. One hundred and seventy five supermarkets

1877
01:27:00,920 --> 01:27:03,759
Speaker 4: in the UAE, and see it's the same thing Australia.

1878
01:27:03,800 --> 01:27:06,920
Speaker 4: What's their problem with supermarkets in Australia? Excuse me? They

1879
01:27:07,040 --> 01:27:10,560
Speaker 4: say not enough competition. See it's never enough competition. And

1880
01:27:10,640 --> 01:27:13,120
Speaker 4: you said, come on over, seat yourself up, Lulu, and

1881
01:27:13,240 --> 01:27:15,320
Speaker 4: the Lulu man said, while I had a look at that,

1882
01:27:15,439 --> 01:27:19,960
Speaker 4: and we'll see what happens. Five minutes away from nine.

1883
01:27:20,280 --> 01:27:24,280
Speaker 1: Trending now with cameras, Warehouse half praise in Fighter would

1884
01:27:24,280 --> 01:27:25,120
Speaker 1: sale on now?

1885
01:27:25,320 --> 01:27:29,400
Speaker 4: Actually Elbow said, where's the Dubo chocolate? Were Charles Adam.

1886
01:27:30,600 --> 01:27:31,960
Speaker 1: Trending now with.

1887
01:27:33,439 --> 01:27:35,120
Speaker 5: Spring Frenzy sale on now?

1888
01:27:35,280 --> 01:27:37,960
Speaker 4: Also embarrassing when your production team goes, oh, Ginny, do

1889
01:27:38,000 --> 01:27:40,080
Speaker 4: you mind buying me some Dubai chocolate? You know, just

1890
01:27:40,160 --> 01:27:42,080
Speaker 4: bring me back a couple of bars at Dubaio Chocolate.

1891
01:27:42,160 --> 01:27:44,479
Speaker 4: It's Amazon day to day in New York City Tech

1892
01:27:44,560 --> 01:27:46,680
Speaker 4: Launch day on Amazon, right, So what have we got.

1893
01:27:46,680 --> 01:27:50,360
Speaker 4: We've got a new ring. We we've got blink security cameras.

1894
01:27:50,520 --> 01:27:51,400
Speaker 4: We've got doorbells.

1895
01:27:52,080 --> 01:27:56,600
Speaker 3: So not a new ring, ring security cameras, a.

1896
01:27:56,680 --> 01:27:59,679
Speaker 4: New ring and blink security camera. Oh that's a shame.

1897
01:28:00,200 --> 01:28:00,599
Speaker 4: A new ring.

1898
01:28:00,680 --> 01:28:03,559
Speaker 3: There's some ring security cameras. There's some blank security can.

1899
01:28:03,479 --> 01:28:05,280
Speaker 4: Oh, that's boring. What happened to the ring? I want

1900
01:28:05,280 --> 01:28:06,719
Speaker 4: to ring like an order ring, for goodness?

1901
01:28:06,800 --> 01:28:07,599
Speaker 5: What about the doorway?

1902
01:28:07,720 --> 01:28:10,040
Speaker 3: Have one of those? They still sell those, a new one,

1903
01:28:10,200 --> 01:28:10,479
Speaker 3: just not a.

1904
01:28:10,520 --> 01:28:12,080
Speaker 4: New one today. What about a fire stick? They've got

1905
01:28:12,120 --> 01:28:16,040
Speaker 4: a new firestick, streaming stick. Got one of those. They've

1906
01:28:16,040 --> 01:28:19,320
Speaker 4: got four new Echo smart speakers. Panalsy runs the place

1907
01:28:19,360 --> 01:28:20,559
Speaker 4: these days. Here he is with the noise.

1908
01:28:20,800 --> 01:28:24,400
Speaker 22: These are the most powerful echo devices we have ever created.

1909
01:28:25,080 --> 01:28:30,880
Speaker 22: Custom Silicon Advanced sensors are best microphones in sound noise cancelation,

1910
01:28:31,439 --> 01:28:35,280
Speaker 22: understanding the user faster than anything we've ever delivered before.

1911
01:28:36,120 --> 01:28:38,600
Speaker 4: Is that why he's his voice is echoing? Is that

1912
01:28:39,000 --> 01:28:42,439
Speaker 4: like a joke, like a Panels joke? I echo to

1913
01:28:42,680 --> 01:28:46,280
Speaker 4: like my speakers. Two new Echo shows, set of thing shows.

1914
01:28:47,880 --> 01:28:50,599
Speaker 4: They're the ones with screens. There's an updated Echo studio.

1915
01:28:50,800 --> 01:28:54,960
Speaker 4: We've got an all new Echo Dot Max three times

1916
01:28:55,040 --> 01:28:57,840
Speaker 4: the bass because it's all about the base, no trouble,

1917
01:28:58,880 --> 01:29:02,479
Speaker 4: packs of punch. The Echo Dot Max is available for

1918
01:29:02,560 --> 01:29:06,479
Speaker 4: pre order right now two hundred and twenty nine dollars.

1919
01:29:06,640 --> 01:29:07,000
Speaker 17: Is it good?

1920
01:29:07,080 --> 01:29:09,880
Speaker 4: Vite pretty good? Vitey me thinking that's okay, and that'll

1921
01:29:09,920 --> 01:29:12,320
Speaker 4: be in stores from the end of October October twenty nine,

1922
01:29:12,400 --> 01:29:14,360
Speaker 4: which brings us to the obvious questions of the day.

1923
01:29:14,560 --> 01:29:20,960
Speaker 4: Can you believe it's October? I mean, what happened? Blink?

1924
01:29:21,360 --> 01:29:23,400
Speaker 4: You know, like a camera and you'll miss it.

1925
01:29:23,600 --> 01:29:25,559
Speaker 3: That's what I believe. They call it the Inexorable March

1926
01:29:25,640 --> 01:29:29,160
Speaker 3: towards Death. I think that's what's happening so well.

1927
01:29:29,080 --> 01:29:29,680
Speaker 5: They call it is it?

1928
01:29:29,760 --> 01:29:37,000
Speaker 4: Clink? Thanks for an on mad upbeat note, I'll see

1929
01:29:37,080 --> 01:29:40,000
Speaker 4: the mark of one six happy days.

1930
01:29:45,000 --> 01:29:47,840
Speaker 1: For more from the mic Asking Breakfast, listen live to

1931
01:29:48,000 --> 01:29:51,040
Speaker 1: news talks it'd be from six am weekdays, or follow

1932
01:29:51,120 --> 01:29:52,640
Speaker 1: the podcast on iHeartRadio.