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Speaker 1: International correspondence with Ends and Eye Insurance, Peace of Mind

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Speaker 1: for New Zealand business.

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Speaker 2: Murriol's as a correspondent with US Now Mars afternoon. Heather

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Speaker 2: got your fascinator on.

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Speaker 1: Oh mate, this looks fascinating. I actually I could do.

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Speaker 1: I mean, the whole of head hair transplant would It

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Speaker 1: would be a whole lot better than.

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Speaker 2: Yeah, we'll have you head about the Melbourne Cup, sut.

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Speaker 2: We just want to talk about the RBA decision. Rates

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Speaker 2: have been held, have they?

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Speaker 1: They have it four point three five percent as expected.

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Speaker 1: I don't think anybody was tipping they're going to cut today,

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Speaker 1: one more meeting in December and then end of the

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Speaker 1: new year, and the feeling is that the Reserve Bank

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Speaker 1: will move to cut into rates. Look, inflation figas have

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Speaker 1: been good, but they're not as sweet as the Reserve

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Speaker 1: Bank wants. And Michelle Bullock, I mean, if they thought

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Speaker 1: she was going to be a pushover, forget it. She's

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Speaker 1: a very, very tough customer. She was the Deputy Governor

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Speaker 1: of the Reserve Bank for a very long time and

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Speaker 1: she has made it clear from the start she's not

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Speaker 1: going to be bullied pushed around by politicians and she

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Speaker 1: will be you know, she and the board will be

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Speaker 1: altering rates when they think Australia is in a sustainable

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Speaker 1: sweet spot and that looks like being in the new year.

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Speaker 1: All the big four banks over here anticipating rate cuts

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Speaker 1: very very early in February, and some of them three

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Speaker 1: times next year, says the A and Z. Four cuts

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Speaker 1: are good in the Commonwealth Bank and Westpac, and the

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Speaker 1: NAB is saying well five and just right cuts next year.

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Speaker 1: So why jump ahead of the of the curve? So

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Speaker 1: no cut, No early Christmas present expected next month either

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Speaker 1: for mortgage holders. But watch your space in the new year.

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Speaker 2: Now good, okay, Now what have you taken out any

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Speaker 2: bets on the Melbourne Cup?

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Speaker 1: But I haven't because I'm the most hopeless punter ever.

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Speaker 1: The last time I bet in the Melbourne Cup was

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Speaker 1: nineteen eighty three. And have a guess who won? Kiwi

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Speaker 1: Kiwi won in eighty three, lasted the last turn and

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Speaker 1: stormed home. So today, if you've got any any lazy dollars,

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Speaker 1: Buckaroo has firmed up. Vau Bown is also right up

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Speaker 1: there seven dollars earlier today one smooth operator was at

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Speaker 1: eight bucks. The value bet they reckon was warm speed.

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Speaker 1: If you're liking a female jockey, there are a record

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Speaker 1: four in the race today. There's Jamie Carr on Okita Sushi,

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Speaker 1: Holly Doyle on c King, Rachel King on the map,

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Speaker 1: and we're known a cost on positivity. Mark Mara the

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Speaker 1: jockey looking to win a hat trick, Heather his third

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Speaker 1: straight Melbourne Cup if he gets up today on Circle

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Speaker 1: of Fire. And if you win, four point four million

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Speaker 1: dollars to the winning connections, second gets one point one million,

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Speaker 1: third gets a lazy half million dollars.

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Speaker 2: It just like that, but cheeky alfa milk. Hey, So

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Speaker 2: have these independent MP's actually canceled the lounges memberships.

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Speaker 1: Well, they're saying they're going to, and don't expect a

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Speaker 1: bad rush from all the other politicians in Federal Parliament,

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Speaker 1: because that's one of the perks. These people really love

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Speaker 1: a lot of them, the whole lot of them, both sides,

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Speaker 1: all sides. The Greens are in there with the snouts

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Speaker 1: and the trough the you know. And of course you

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Speaker 1: won't hear too many of the politicians saying all they're

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Speaker 1: doing is virtue signaling. These are independents. But that's exactly

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Speaker 1: what they're doing. I mean they've been called out for

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Speaker 1: another greedy excess of grab that politicians always seem to

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Speaker 1: get caught out on. I mean it's top of to

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Speaker 1: them for free. I accept that, but it's just a

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Speaker 1: crooked look for everybody over here is eating whickpigs for dinner.

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Speaker 1: The last thing these people get about a quarter million

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Speaker 1: dollars a year and start climbing from there. It just

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Speaker 1: looks terrible. And for the opposition to be howling at

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Speaker 1: albaneasy about his house and about the flights, give me

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Speaker 1: a break. I mean, Bridget McKenzie's the shadow Transport minister.

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Speaker 1: I know I've never taken a flight. Oh yeah I

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Speaker 1: did take one. Oh my staff are now looking how

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Speaker 1: many have actually taken. It's just pocracy written in neon

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Speaker 1: lights right across the front of the stage. Yeah.

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Speaker 2: Nobody likes getting found out like that. Must Thank you

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Speaker 2: very much, go and enjoy the race. Appreciate your sign mate,

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Speaker 2: Mariold's Australia correspondent. For more from Hither Duplessy Allen Drive,

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Speaker 2: listen live to news talks it'd be from four pm weekdays,

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Speaker 2: or follow the podcast on iHeartRadio.