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Speaker 1: Your source of freaking news, challenging opinion and honors facts

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Speaker 1: The Mike hosting Breakfast with a Veda, Retirement Communities, Life

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Speaker 1: Your Way News, togs Head.

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Speaker 2: B wruning one because today Reserve Bank cuts in the

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Speaker 2: world of uncertainty and finance Minister is in. We've got

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Speaker 2: to call up in the emissions trading scheme again. A

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Speaker 2: shul Fitzpatrick on Doc Manage, Very good day for wool.

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Speaker 2: Peter Wins, a former Williams f one manager back for

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Speaker 2: a look at this weekend in Bahrain with Liam mc course,

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Speaker 2: Joe mckenner and Italy rod that does the UK for

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Speaker 2: us in a seven past six Welcome to the day.

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Speaker 2: I tell you what I'm conflicted in the age of

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Speaker 2: tariffs and free trade and making stuff that the world wants.

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Speaker 2: How is it? A government can then argue that you've

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Speaker 2: got to buy wool if you are redecorating, rebuilding, refurbishing,

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Speaker 2: A major chunk of your consideration will be around cost.

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Speaker 2: Of course, ken will outprice what might be your desire

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Speaker 2: for the cheapest product. Going No, it cannot can wall

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Speaker 2: mount an argument that overtime it pays its way. Possibly,

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Speaker 2: then we come to the patriotic. Should we support things

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Speaker 2: we're good at? I think so probably If if you're

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Speaker 2: a regular, you will know that no one loves wool

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Speaker 2: more than me. I would pay anything to support wool.

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Speaker 2: I'm a natural fiber geek. Polyester should be a crime

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Speaker 2: and banned. Funnily enough, I read a report yesterday about

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Speaker 2: the return of fur. Fake fake fur is now so

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Speaker 2: good you can't tell the difference. But it's made out

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Speaker 2: of petrochemicals, of course, So in banning the real thing,

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Speaker 2: to say the animals, we simply set about trashing the

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Speaker 2: earth more to quell the demand for fur that never

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Speaker 2: really went away. The demand for cheap flooring is driven

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Speaker 2: solely by price. Of course, wool for what it lacks

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Speaker 2: and price does make up for. In vibe, I mean,

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Speaker 2: it's amazing, amazing, and carpet amazing and jersey. But are

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Speaker 2: the government picking winners or the government artificially backing one

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Speaker 2: over another? And if they are in that business, where's

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Speaker 2: the line? Why is it okay to make you buy wool,

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Speaker 2: but at the same time allow any number of new

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Speaker 2: building products into the market to cheapen the price of

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Speaker 2: the building a house. Why aren't they making us by

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Speaker 2: a jib price one day, quality the next. There's an

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Speaker 2: inconsistency in that. You see, the wool fan in me says,

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Speaker 2: go for it. Wool needs and deserves help. It's been

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Speaker 2: badly treated. And if this program makes a difference, and

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Speaker 2: we can all feel good about it. But the purest

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Speaker 2: in me see is for a free trader, we favor

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Speaker 2: quality and will is quality. But the reason we don't

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Speaker 2: make a lot of stuff is because we can't make

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Speaker 2: it at a price we want to buy it at.

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Speaker 2: And that is smart, sensible business.

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Speaker 3: News of the World in ninety six, Well, I.

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Speaker 2: Think we can call it the third War. Can't lead

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Speaker 2: the trade wars. The EU hits back.

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Speaker 4: Grains, to paper products, to poultry, to motorbikes, even to

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Speaker 4: dental floss. And the most significant chunk will be on soybeans,

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Speaker 4: which is one of the United States top exports.

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Speaker 2: Exactly so, the EU have gone retelliatory. China has also

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Speaker 2: gone big. But there's this ongoing sense for some of

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Speaker 2: us the US China scrap might actually help.

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Speaker 5: It's inconceivable it can export too much except for the

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Speaker 5: absolutely most critical items. At one hundred and four percent Terrifrey,

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Speaker 5: it is going to look for other markets, and so

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Speaker 5: it will effectively be dumpy exactly.

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Speaker 2: Trump meantimes playing the sophisticated diplomat.

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Speaker 6: I know what the hell I'm doing.

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Speaker 7: I know what I'm doing, and you know what I'm

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Speaker 7: doing too.

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Speaker 6: That's why you.

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Speaker 2: Vote for man.

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Speaker 8: I'm telling you, these countries are calling us up, kissing

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Speaker 8: my ass. They are. They are dying to make it your. Please,

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Speaker 8: please make it your I'll do anything.

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Speaker 2: He is such a dick. And so that was before.

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Speaker 2: Of course, what happened this morning. He's panicked and we've

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Speaker 2: got the ninety day pause and we'll have a lot

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Speaker 2: on that meantime. The other Chinese news, by the way,

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Speaker 2: is a national has been captured in the Ukraine, not

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Speaker 2: the Beijing. Sounds like the gunhil.

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Speaker 6: Let me stress.

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Speaker 9: The Chinese government always asks the citizens to stay away

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Speaker 9: from conflict zones, avoids getting involved in armed conflict, and

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Speaker 9: to refrain from participating in any party's military operations.

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Speaker 2: Other news kings.

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Speaker 10: In Italy, our younger generations could now see in the

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Speaker 10: news every day on their smartphones and tablets that peace

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Speaker 10: is never to be taken, never to be taken for granted.

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Speaker 2: And universal opening a huge new theme park in the

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Speaker 2: global mecher of Bedford.

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Speaker 11: The UK obviously is a logical place for a park

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Speaker 11: like this, given the creative industries of the UK, given

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Speaker 11: the workforce in the UK, given the importance of tourism

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Speaker 11: to the UK.

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Speaker 2: Okay, here's the world of ninety right, Listen, I just

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Speaker 2: get to just all developing the last half hour, the

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Speaker 2: markets have gone through the roof. So essentially what happened

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Speaker 2: the other day in that rumor that he was going

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Speaker 2: to give us a ninety day pause was probably true.

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Speaker 2: It's been announced in the last half hour or so.

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Speaker 2: So two critical things. One, China's gone to one twenty

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Speaker 2: five from one oh four, so the China US wars

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Speaker 2: on the markets have gone through the roof. That Nasdaq,

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Speaker 2: the Dow will get all the numbers, will crunch them

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Speaker 2: for you in just a couple of moments. There's a

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Speaker 2: ninety day pause for everyone bar China. But the ninety

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Speaker 2: day pause is that the ten percent so countries and

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Speaker 2: this doesn't include us that got more than ten percent

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Speaker 2: that's gone now. So basically he's panicked. He argues, of

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Speaker 2: course everyone's ringing for deals, which is probably partially true.

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Speaker 2: As I said, to Andrew a moment a guy, but basically,

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Speaker 2: this thing's falling the pot in front of their eyes.

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Speaker 1: Twelve classics, the Mic Asking Breakfast Full Show podcast on iHeartRadio,

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Speaker 1: Call It by News Talks IVY.

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Speaker 2: Among the clowns who surround the hid clown, one of

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Speaker 2: the chief clowns is the Treasury Secretary trying to explain

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Speaker 2: this cluster.

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Speaker 12: And we saw the successful negotiating strategy that President Trump

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Speaker 12: implemented a week ago. Today it has brought more than

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Speaker 12: seventy five countries forward to negotiate. It took great courage,

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Speaker 12: great courage for him to stay the course until this moment.

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Speaker 12: And what we have ended up with here, as I

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Speaker 12: told everyone a week ago there in this very spot,

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Speaker 12: do not retaliate and you will be rewarded.

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Speaker 2: Two past six from Joe my Wealth Andrew keller Haer,

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Speaker 2: Good morning, Good morning, Mike. Where do you start? I mean, what.

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Speaker 13: A well, We're.

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Speaker 14: Living in an alternate universe really at the moment, aren't we,

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Speaker 14: did I say yesterday?

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Speaker 6: It's hard to keep up.

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Speaker 13: Yes, so crazy stuff continues in the last hour, as

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Speaker 13: you said, news out that Trump is authorized in nine

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Speaker 13: to day pause on tariffs for countries that don't retaliate

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Speaker 13: to those tariffs that.

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Speaker 14: Were announced earlier on So yep, your sher Mirker.

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Speaker 13: Has absolutely exploded to the upside. I mean a ten

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Speaker 13: percent move. I mean it was tencent, Well it was

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Speaker 13: ten percent a second ago on the NASDAK, eight percent

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Speaker 13: moves on the S and P five hundred, the Dow

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Speaker 13: jones sort of six to sevens. But who knows where

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Speaker 13: that will close? I mean you know you wouldn't. You

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Speaker 13: wouldn't be able to bet on whether it's actually going

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Speaker 13: to close the day. Look, the trade war with the

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Speaker 13: China is actually really ramping up, that's escalating, and all

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Speaker 13: those tariffs, those crazyly calculated tariffs that announced the other day,

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Speaker 13: well they're all off the table. There's a ten percent

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Speaker 13: baseline tariff for everyone, and nothing happening for ninety days.

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Speaker 14: So look, it's confusing though.

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Speaker 13: Because Europeans overnight have announced retalitory trailer that seems to

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Speaker 13: be put on the back burner at the moment, so

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Speaker 13: we don't know what's happening there. I was also listening

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Speaker 13: to Scott Bess and Mike and there's just no facts.

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Speaker 13: There's just this lack of sort of clarity and then

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Speaker 13: that usual crazy, colorful rhetoric from the White House media spokesperson. Look,

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Speaker 13: facts will be great, but they seem to be hard

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Speaker 13: to come by. The ninety dight pause apparently to give

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Speaker 13: Trump time to deal personally with the seventy five countries

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Speaker 13: who who want to talk, and it does feel like

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Speaker 13: policy is being made on the hoof and all power

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Speaker 13: seems to come back to Trump. It all seems very fluid,

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Speaker 13: very dictatorial. Kiwi dollar has jumped. It was in the

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Speaker 13: mid fifty five, it's in the fifty six. As you know,

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Speaker 13: before this all started, Mike, I was going to talk

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Speaker 13: about the crazy volacility that we've seen in bond markets.

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Speaker 14: They've been swinging wildly. The end result there at the

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Speaker 14: moment is.

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Speaker 13: We've got higher long term rates, which will effectively increase

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Speaker 13: the cost of borrowing for the New Zealand government, but

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Speaker 13: that's been put on the side burner.

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Speaker 14: Uncertainty levels are now it's sort.

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Speaker 13: Of maximum, Mike, they're at sort of deaf con five

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Speaker 13: and an uncertainty is kryptonite for financial markets. But right

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Speaker 13: now it's driving markets higher. But who knows what's going

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Speaker 13: to be around going to be announced neck We've just

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Speaker 13: got to sit and wait for this sort of day

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Speaker 13: to day you know, as day's a yo yo, the

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Speaker 13: magic roundabout.

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Speaker 2: I'm pulling it, Mike, the magicound exactly. And then there

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Speaker 2: in the middle of it all was poor old Christian

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Speaker 2: lined up for six months with us, with us twenty

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Speaker 2: five points?

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Speaker 14: Are we there yet?

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Speaker 2: Are we there yet?

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Speaker 14: So the ocr is now at three and a half.

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Speaker 14: I don't think we're there yet.

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Speaker 13: There's further downside, and it could be it could be lower.

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Speaker 13: That downsid could be lower than we were thinking. The

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Speaker 13: positive development is the expected interest rate relief is being

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Speaker 13: delivered twenty five basis point cut. You know, people were

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Speaker 13: talking fifty basis points possibly beforehand. I don't think that

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Speaker 13: was ever likely they'd signal twenty five. They've moved a

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Speaker 13: suggested they're not wait for the data now. If you

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Speaker 13: want the water cooler line this morning, if you're sitting

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Speaker 13: out there, if you want the punchy one liner.

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Speaker 14: It's a douvish cut. There was a short statement.

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Speaker 13: The key facts in there a household spending, residential investment

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Speaker 13: has remained weak.

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Speaker 14: On the tariffront, they said yesterday.

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Speaker 13: The increase in global trade barriers weakens the outlook for

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Speaker 13: global economic activity. Retaliation and heightened geoeconomic uncertainty will have

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Speaker 13: a significant negative impact on global growth.

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Speaker 3: But that's just so.

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Speaker 14: Yesterday's news might.

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Speaker 13: All adds up to downside risks to inflation and growth

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Speaker 13: are key. The key point is they confirmed in their

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Speaker 13: view that this substantial spare productive capacity remaining in the

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Speaker 13: economy that gives them the confidence to be able to

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Speaker 13: cut more. But you know, the situation is confusing and uncertain.

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Speaker 13: They said that yesterday near true word is spoken jest.

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Speaker 13: There was a nod to the lower oil price now

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Speaker 13: no specific mention of a further twenty five basis point

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Speaker 13: cut in May, but they did say that the preceding

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Speaker 13: cuts have yet to have a full effect on the economy.

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Speaker 13: As the extent and effective tariff policies become clearer, the

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Speaker 13: committee has scope to lower the ocr further as appropriate.

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Speaker 13: So not much move on local markets yesterday in response

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Speaker 13: to that, because really, he's this bigger fish to fry

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Speaker 13: out there at the moment.

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Speaker 2: Ru I think that the truth give us the numbers

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Speaker 2: as best you can as.

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Speaker 14: They roll right now.

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Speaker 13: Yeah, so just a little two thousand, six hundred and

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Speaker 13: ten point gain on the dal Jones, which is, let's

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Speaker 13: call it seven percent for let's let's round it forty

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Speaker 13: two hundred and eleven the S and P five hundred. Yeah,

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Speaker 13: let's call it a four hundred point rally there, let's

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Speaker 13: call that up eight percent, five to three eight zero.

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Speaker 14: And then as that, let's just round it up. It's

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Speaker 14: up ten percent.

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Speaker 13: It's up one thousand, five hundred points sixteen thousand, seven

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Speaker 13: hundred and fifty overnights, the fortsy one hundred lost two

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Speaker 13: point nine percent, should gain that back today seven six

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Speaker 13: seven nine. The Niket was down just under four percent. Again,

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Speaker 13: that will rally hard today. I would expect three to

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Speaker 13: one seven one four the close Their Shanghai composite gained

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Speaker 13: one point three percent three one eighty six. The Aussies

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Speaker 13: yesterday the A six two hundred lost one point eight percent.

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Speaker 13: That's one hundred and thirty five point seven three seven four,

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Speaker 13: And then's the next fifty was down point seventy one

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Speaker 13: eleven thousand, eight hundred and six kimi dollar as I

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Speaker 13: looked at it five minutes ago, point five six four

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Speaker 13: seven against the US point nine one nine five ozzie

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Speaker 13: point five one three ozero euro point four four oh

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Speaker 13: seven pounds Japanese yen eighty two point six y eight.

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Speaker 13: Gold has rallied a little bit three thousand and seventy

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Speaker 13: two dollars brank Crews sixty four dollars and four cents.

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Speaker 14: But you know, we could be in a different place

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Speaker 14: tomorrow morning.

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Speaker 2: Mike, Well, no, thank the good lord, you're here. Nice

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Speaker 2: to see you, Andrew Kelleher, Jomiwealth dot co dot m

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Speaker 2: z pasca And to give you a sense of it,

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Speaker 2: Canalis had come out this morning. Personal computer shipments as

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Speaker 2: global personal computer shipments are up nine percent for the quarters.

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Speaker 2: That good will. Normally it would be good, but that's

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Speaker 2: because everyone was panicking about the incoming tariffs. Apple ship

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Speaker 2: fourteen percent more than Nobo were up eleven percent. So

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Speaker 2: it might be good, it might not be so who

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Speaker 2: the hell knows anymore? Six twenty one. You're a news

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Speaker 2: talk ZB.

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Speaker 1: Good the Mike asking Breakfast full show podcast US to

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Speaker 1: iHeartRadio Power by US Talks.

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Speaker 15: It be.

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Speaker 2: Six twenty four so I Scottisent was explaining that although

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Speaker 2: this is a war and a full on trade war,

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Speaker 2: of course, actually it isn't a war.

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Speaker 6: I'm not calling it a trade war.

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Speaker 12: But I am saying that China has escalated, and President

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Speaker 12: Trump responded very courageously to that, and we are going

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Speaker 12: to work on a solution with the our trading partners.

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Speaker 2: So you go from thirty something to sixty something to

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Speaker 2: one hundred and four to one hundred and twenty five,

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Speaker 2: and that's not really a trade war. Meantime, Carolyn has

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Speaker 2: taken her pills and she's running full spin. Many of

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Speaker 2: you in the.

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Speaker 15: Media clearly missed the art of the deal. You clearly

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Speaker 15: failed to see what President Trump is doing here. You

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Speaker 15: tried to say that the rest of the world would

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Speaker 15: be moved closer to China, and in fact we've seen

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Speaker 15: the opposite effect. The entire world is calling the United

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Speaker 15: States of America not China, because they need our markets,

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Speaker 15: they need our consumers, and they need this president in

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Speaker 15: the Oval Office to.

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Speaker 6: Talk to them.

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Speaker 1: Trending now with the Chemist where house Keeping Kiwi's healthy

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Speaker 1: all year.

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Speaker 2: Round Movie time Wes Anderson's beck what we got, We

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Speaker 2: got the Phoenician scheme. It's black comedy about a strained

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Speaker 2: father daughter relationship and the passing down of the family business.

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Speaker 11: I've appointed you sole heir to my estate, which you

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Speaker 11: may come into sooner rather than later.

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Speaker 3: Why it's been six years since our last meeting. I

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Speaker 3: have my reasons, which are what my reasons I'm not saying.

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Speaker 3: I'm saying. I'm not say quarter our land and sea,

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Speaker 3: Phoenician infrastructure.

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Speaker 2: Scheme, our objective, disrupting, obstructing, impeding, crippling quarters, enterprise in.

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Speaker 3: Any manner possible.

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Speaker 6: Get the hand grenades.

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Speaker 8: Today, tonight, and tomorrow we're rendezvous with every titan and

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Speaker 8: pretend we agree what we already agreed, but in fact

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Speaker 8: we don't.

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Speaker 3: We can It's one king will never know.

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Speaker 6: Because you can't the truth.

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Speaker 3: I suppose.

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Speaker 2: I'm moved by this serve performance sounds fun. I quite

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Speaker 2: like the sound of it. Del Toro's in there, Tom Hanks,

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Speaker 2: Scarlett Johansen, benet At cumber Patch, Brian Cranston, Michael Sirah,

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Speaker 2: Bill Murray, Willem Dafoe, Jeffrey Wright, Donald Trump, the Pope,

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Speaker 2: Walton Goggins. They're all in there. It's incredible. The cast

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Speaker 2: is amazing. I might have made some of the last

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Speaker 2: ones up. It's in theaters the thirtieth of May, by

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Speaker 2: the way, not that it sort of matters anymore, but

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Speaker 2: we will talk about the central Bank and the cut yesterday.

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Speaker 2: The Indian Central Bank, by the way, they cut yesterday

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Speaker 2: as well, twenty five points. They were hit up until

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Speaker 2: this morning with a twenty six percent levy, so they

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Speaker 2: cut their a cash rate or what they call the

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Speaker 2: cash right to six percent. More importantly, perhaps is the

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Speaker 2: Germans overnight have finally done a deal. They thought it

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Speaker 2: was going to be tickety boos until it wasn't. But

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Speaker 2: the Democrat Union and the Socialist Union they've all got

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Speaker 2: together and they've signed it off. A deal has done.

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Speaker 2: Germany officially has a new government. News for you in

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Speaker 2: a couple of moments. Then we'll talk about the ets.

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Speaker 2: Somebody wants to uphend it yet again. What a morning.

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Speaker 2: I on the MIC hosting Breakfast.

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Speaker 1: The News and the news makers the Mic hosting breakfast

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Speaker 1: with the range Rover of the law designed to intrigue

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Speaker 1: and use talks dead base.

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Speaker 2: Just joining us a tool on the triadballs on with China,

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Speaker 2: It might be on with the EU. It's difficult tonight

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Speaker 2: because the pools has been announced as well. He is, Caroline.

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Speaker 15: We will continue with the tailor made negotiations that I

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Speaker 15: spoke about yesterday in the meantime, there will be a

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Speaker 15: ninety day pause on the reciprocal tariffs as these negotiations

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Speaker 15: are ongoing, and the tariff level will be bringing brought

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Speaker 15: down to a universal ten percent tariff.

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Speaker 2: So that was all surprised breaking news, or was it that.

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Speaker 12: The President had the a level in mind to raise

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Speaker 12: the China tariffs and then he had the three month

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Speaker 12: essentially the three month polls in mind, and we were

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Speaker 12: just discussing the exact wording.

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Speaker 2: Exactly what where do you put pools? Does the pools

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Speaker 2: go at? The start will be into the Saints bit Goodnes,

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Speaker 2: three minutes away from seven. Maloney I think was due

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Speaker 2: to meet Trump in the next day or so, because

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Speaker 2: she's hanging out with the King in Italy at the moment. Anyway,

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Speaker 2: I will go to Joe in a couple of moments. Meantime,

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Speaker 2: back here, more inkst around the planting of trees to

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Speaker 2: help offset our global emissions. Now Parliament's environment watchdog. This

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Speaker 2: is Simon Upton. You might remember the name from healthy

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Speaker 2: years ago. Anyway. In a new report, he warns is

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Speaker 2: only ten to fifteen years left if changes aren't made. Basically,

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Speaker 2: he's gunning for carbon farming. Completely removing the ability to

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Speaker 2: plant trees for credits is being proposed. Adjunct professor at

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Speaker 2: the New Zealand Climate Change Receipts Institute, Adrian Macy's back. Well,

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Speaker 2: this is Adrian morning to you.

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Speaker 16: Good morning mate.

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Speaker 2: Does he have a point or is he dreaming?

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Speaker 16: No, he is a point, he does. Yeah, this is

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Speaker 16: in my view, this is a great report. It's a

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Speaker 16: real wake up corps Goosa cliche.

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Speaker 2: Is anyone going to listen to it?

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Speaker 17: Though?

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Speaker 2: Because planting trees are super easy and that's why we

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Speaker 2: planted so many.

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Speaker 16: Well, yeah, we've always seen that as a well well

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Speaker 16: I say successive government seen it as a get out

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Speaker 16: of jail free card member labels, that's billion trees. But

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Speaker 16: in fact I would say, if you want to use

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Speaker 16: a metaphor, it's never been a get out of jail Afrika.

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Speaker 16: At the very most, I'd see it as a sort

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Speaker 16: of suspended sentence. But you're going to be recalled for

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Speaker 16: jail a few years down the track. So I think

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Speaker 16: it's a very useful wake up. But what he's actually

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Speaker 16: saying is, for goodness sake, just just have a proper

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Speaker 16: look at this policy, not just from the climate change

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Speaker 16: point of view where there's a lot of skepticism about

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Speaker 16: using trees to mop up carbon to go too, I'm

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Speaker 16: talking about and have a look at the pology is

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Speaker 16: a massive issue in Zealand as a whole, and I

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Speaker 16: think it's very It's written in very plain language for

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Speaker 16: a report, and it's much clearer than anything you get

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Speaker 16: out of governments. And he's done a marvelous job because

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Speaker 16: an ordinary average person could read that report, even just

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Speaker 16: for summary and see what's going on, which I would

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Speaker 16: say probably if you asked, if you ask people to

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Speaker 16: explain New Zealand's current policies around forestry, probably could count

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Speaker 16: on things on one hand and you want to give

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Speaker 16: you a coherent explanation. It's been all over the place

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Speaker 16: for years.

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Speaker 2: That is true. The current government is looking at planting

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Speaker 2: more trees on public land or conservation land by private entities,

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Speaker 2: So they're going against Simon's tide.

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Speaker 16: Well yes, yes, currently, But I mean what he's saying is,

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Speaker 16: what he's really saying was is don't leave forestry in

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Speaker 16: the hands of climate policy people, because forest has got

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Speaker 16: so many applications for the whole of New Zealand, social implications,

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Speaker 16: economic implications, environmental land use the future of local communities.

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Speaker 16: He has developed an idea which he's worked on before,

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Speaker 16: about using about seeing forest is more appropriate for offsetting methane.

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Speaker 6: Now.

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Speaker 16: The reason for that is that methane has not long lived,

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Speaker 16: where a co two lives forever. That I think is

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Speaker 16: he could be useful for our farming sector in the end.

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Speaker 16: But the main message I think is seeing all dimensions

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Speaker 16: of forestry policy get your act together. I mean, this

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Speaker 16: big issue is coming for Mari too. There's this big creatuate,

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Speaker 16: the White Tangi Tribunal inquiry. We're currently our climate change

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Speaker 16: with Forrest, who's got a big role to play. So

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Speaker 16: that's it's going to be something coming out of that too.

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Speaker 16: I think it's going to be relevant. Yeah, it's a

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Speaker 16: core to be to be coherent, I think, and sensible

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Speaker 16: and really bite the bullet on the climate stuff.

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Speaker 2: Good stuff, Adrian, appreciate your insight. Adream mostly a junk

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Speaker 2: professor at the New Zealand Climate Change Research Institute and

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Speaker 2: interesting of course. Simon Upton, if you remember him from

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Speaker 2: the Health Days, is a Gnat a conservative of course,

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Speaker 2: so he speaks a slightly different a liberal. He's a

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Speaker 2: Gnat of old if you want to put some polem

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Speaker 2: political labels around at nineteen minutes away from seven past,

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Speaker 2: like I'm choosing Wall speaking, which is it's much about

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Speaker 2: preserving an industry that we have to believe will have

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Speaker 2: a bright future. It's saying not to important materials and

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Speaker 2: keeping the revenue in New Zealand, it keeps rural employees

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Speaker 2: and work, the stock agent, the stock truck driver, of

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Speaker 2: the rural professionals duty. I couldn't agree with you more,

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Speaker 2: but that's fine if that's the government's view of the day.

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Speaker 2: They're picking winners. And you know, I love wool and

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Speaker 2: in this I would back it. But I'm running with

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Speaker 2: my heart, not my head. And we are not a

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Speaker 2: country that runs with our heart. We run with our head,

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Speaker 2: and we do things on price, not necessarily on love.

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Speaker 2: And in that is the crux. Nicola was there yesterday

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Speaker 2: with Winston. This is a Winston Peter's policy. By the way,

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Speaker 2: Nicola was there with Winston. She's with us and about

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Speaker 2: a naur's time.

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Speaker 1: Eighteen to two The Mike Hosking Breakfast Full Show podcast

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Speaker 1: on iHeartRadio powered by News.

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Speaker 2: Talksp Well, here we go the first score Holidays of

438
00:20:22,640 --> 00:20:24,280
Speaker 2: the year are about to begin, of course, and you

439
00:20:24,359 --> 00:20:26,560
Speaker 2: may soon find the old grandkids arriving on the doorstep

440
00:20:26,600 --> 00:20:28,119
Speaker 2: looking to be entertained for a couple of days. So

441
00:20:28,160 --> 00:20:30,959
Speaker 2: if you're living independently in an r Vida community are

442
00:20:30,960 --> 00:20:34,000
Speaker 2: the grandkids are always welcome with the community of well

443
00:20:34,080 --> 00:20:36,560
Speaker 2: full of outdoor spaces and park like area's got cafes

444
00:20:36,600 --> 00:20:39,560
Speaker 2: and lounge and activity rooms, lots for all to do together.

445
00:20:39,800 --> 00:20:41,880
Speaker 2: You spend some quality time with them in a safe,

446
00:20:42,000 --> 00:20:45,119
Speaker 2: family friendly environment like an Avida Living Well community. Very

447
00:20:45,160 --> 00:20:47,720
Speaker 2: nice to have somewhere that the grandkids really want to visit.

448
00:20:47,760 --> 00:20:49,960
Speaker 2: They'll love it, and then when it's time to send

449
00:20:50,000 --> 00:20:52,160
Speaker 2: them back home, you can sit back, you can relax

450
00:20:52,240 --> 00:20:54,600
Speaker 2: in the library, pharsal, on the community lounge, whatever you like,

451
00:20:54,640 --> 00:20:57,199
Speaker 2: because you're loving life at Vida. The Avida team they

452
00:20:57,280 --> 00:21:00,000
Speaker 2: understand that family matters most and they're welcome any time.

453
00:21:00,359 --> 00:21:02,800
Speaker 2: Now for more information, They've got thirty five beautiful living

454
00:21:02,840 --> 00:21:06,440
Speaker 2: well communities across the country, So book a tour Vida

455
00:21:06,560 --> 00:21:09,960
Speaker 2: is r v I d A, r Veda dot co

456
00:21:10,200 --> 00:21:13,280
Speaker 2: dot m Z Pasky. Everyone's got a theory. Mike the

457
00:21:13,400 --> 00:21:16,399
Speaker 2: US Tenure Treasury spiking ten trillion of debt to be

458
00:21:16,480 --> 00:21:19,240
Speaker 2: refinanced this year. They can't afford at gold spikes one

459
00:21:19,280 --> 00:21:21,600
Speaker 2: hundred and ounce before he folded to the rising treasury

460
00:21:21,720 --> 00:21:24,840
Speaker 2: yield and as don as no doubt either way they're

461
00:21:24,880 --> 00:21:27,080
Speaker 2: gone as nobody wants the debt not a bad points

462
00:21:27,119 --> 00:21:27,800
Speaker 2: at forty.

463
00:21:27,600 --> 00:21:32,160
Speaker 18: Five International correspondence with Nzen Eye Insurance Peace of mind

464
00:21:32,240 --> 00:21:33,879
Speaker 18: for New Zealand business livably.

465
00:21:33,640 --> 00:21:36,840
Speaker 2: Join McKenna, mooney to you good money make Charles went

466
00:21:36,880 --> 00:21:38,399
Speaker 2: down well in the Parliament. You've got a very long

467
00:21:38,440 --> 00:21:39,080
Speaker 2: standing ovation.

468
00:21:39,840 --> 00:21:40,040
Speaker 6: Yes.

469
00:21:40,160 --> 00:21:43,760
Speaker 19: Italian MPs I think were pleasantly surprised when Prince Charles

470
00:21:43,800 --> 00:21:46,200
Speaker 19: opened his speech in Italian, and then he proceeded to

471
00:21:46,240 --> 00:21:48,879
Speaker 19: say he hoped he wasn't going to destroy the language

472
00:21:48,880 --> 00:21:51,439
Speaker 19: of Dante, who is, of course the country's most famous

473
00:21:51,480 --> 00:21:54,879
Speaker 19: literary figure. He moved in and out of Italian in English,

474
00:21:55,000 --> 00:21:58,160
Speaker 19: but talked about the you know, the common the things

475
00:21:58,200 --> 00:22:01,160
Speaker 19: that these two countries have in common, and the defensive

476
00:22:01,280 --> 00:22:04,479
Speaker 19: values and sharing the same interest in saving the planet.

477
00:22:04,800 --> 00:22:07,240
Speaker 2: How much coverage is he getting? How much would the

478
00:22:07,520 --> 00:22:10,560
Speaker 2: average Italian be aware that he's in town, moving about

479
00:22:10,560 --> 00:22:13,200
Speaker 2: the country celebrating this twenty wedd et cetera, et cetera.

480
00:22:14,000 --> 00:22:16,280
Speaker 19: I think he's had a lot of coverage. There's a

481
00:22:16,320 --> 00:22:19,600
Speaker 19: lot of interest in royals in general in Italy because

482
00:22:19,640 --> 00:22:21,360
Speaker 19: of course they got rid of the royal family after

483
00:22:21,400 --> 00:22:24,040
Speaker 19: World War Two, and there's a bit of a mystique

484
00:22:24,080 --> 00:22:26,880
Speaker 19: about the British that the Italians I think still love,

485
00:22:27,480 --> 00:22:30,520
Speaker 19: and I think they also recognize that Prince Charles loves

486
00:22:30,640 --> 00:22:33,879
Speaker 19: Italy and that's been coming across in his presentations as

487
00:22:33,960 --> 00:22:34,639
Speaker 19: well very much.

488
00:22:34,680 --> 00:22:36,720
Speaker 2: So is he going to see I know he got canceled,

489
00:22:36,760 --> 00:22:38,640
Speaker 2: but the Pope popped out the other day to say

490
00:22:38,680 --> 00:22:41,040
Speaker 2: hi to everybody. Is the King going to say hello?

491
00:22:42,000 --> 00:22:45,480
Speaker 19: Well, there was speculation that King Charles would go and

492
00:22:45,640 --> 00:22:49,280
Speaker 19: see Pope Francis, but particularly because he did pop out,

493
00:22:49,280 --> 00:22:52,040
Speaker 19: as you said, but I don't think that's going to happen.

494
00:22:52,520 --> 00:22:55,640
Speaker 19: The Royal couple are due to leave for Ravenna tomorrow

495
00:22:56,040 --> 00:22:59,000
Speaker 19: and I don't think they've got any time to see

496
00:22:59,040 --> 00:23:00,160
Speaker 19: the Pope now anyway.

497
00:23:00,080 --> 00:23:02,479
Speaker 2: Okay, work us through what's going on here, because overnight,

498
00:23:02,520 --> 00:23:04,720
Speaker 2: I mean, I'm sure you're well aware of what Trump's

499
00:23:05,280 --> 00:23:08,080
Speaker 2: minus so, but you got China, but the EU came

500
00:23:08,160 --> 00:23:11,440
Speaker 2: out with retaliatory measures overnight. Are they now off?

501
00:23:11,600 --> 00:23:12,040
Speaker 6: Do we know?

502
00:23:12,600 --> 00:23:14,520
Speaker 2: And where does this we fit into this? And are

503
00:23:14,520 --> 00:23:18,360
Speaker 2: they playing their own game or the EU game? Yeah exactly.

504
00:23:18,560 --> 00:23:22,000
Speaker 19: I think that's the challenge here. The EU was ready

505
00:23:22,040 --> 00:23:25,040
Speaker 19: to impose twenty five percent tariffs on the US everyone

506
00:23:25,119 --> 00:23:29,520
Speaker 19: except Hungary. Maloney, as we know, is planning to visit

507
00:23:29,640 --> 00:23:33,160
Speaker 19: Washington on the seventeenth of April to meet with Trump

508
00:23:33,359 --> 00:23:37,280
Speaker 19: to try and get Italy out of the tariffs. Today

509
00:23:37,600 --> 00:23:41,320
Speaker 19: there were complaints from the French industry minister Mark Ferraci

510
00:23:41,440 --> 00:23:43,560
Speaker 19: is saying it's not fair that Italy tries to go

511
00:23:43,640 --> 00:23:46,359
Speaker 19: it alone. But of course that could all change overnight

512
00:23:46,400 --> 00:23:48,720
Speaker 19: when we get more information about what Trump is actually

513
00:23:48,800 --> 00:23:49,800
Speaker 19: proposing for Europe.

514
00:23:50,000 --> 00:23:53,680
Speaker 2: Yeah exactly. And she's due next week, isn't she Exactly?

515
00:23:54,040 --> 00:23:56,520
Speaker 19: And at the same time, we're expecting a visit from

516
00:23:56,800 --> 00:23:59,200
Speaker 19: Vice President jd Vance here in Italy.

517
00:23:59,520 --> 00:24:02,800
Speaker 2: So it's all happening, yeeh. And then you come to

518
00:24:02,840 --> 00:24:06,080
Speaker 2: the olive What are you paying for a liter of

519
00:24:06,119 --> 00:24:07,240
Speaker 2: olive oil at the moment.

520
00:24:08,720 --> 00:24:11,840
Speaker 19: At the supermarket? Around twelve euros I'd.

521
00:24:11,640 --> 00:24:16,120
Speaker 2: Say so twenty twenty four dollars Yeah for a liter. Jeez,

522
00:24:16,119 --> 00:24:18,359
Speaker 2: it's still cheapish, isn't it. So anyway, the mafia's got

523
00:24:18,440 --> 00:24:21,120
Speaker 2: involved because it's like chocolates and coffee's gone through the roof.

524
00:24:21,840 --> 00:24:24,520
Speaker 19: Yeah, not the first time. But last week there was

525
00:24:24,520 --> 00:24:28,480
Speaker 19: a very dramatic robbery. Five masked men almost a truck

526
00:24:28,560 --> 00:24:32,879
Speaker 19: heightst on the highway, kidnapped the driver, stole about three

527
00:24:33,000 --> 00:24:36,040
Speaker 19: hundred thousand euros worth of fresh olive oil. And that

528
00:24:36,240 --> 00:24:38,680
Speaker 19: just shows you how valuable it is. And it's called

529
00:24:38,760 --> 00:24:42,520
Speaker 19: green gold in Paulia. So look out for more of

530
00:24:42,600 --> 00:24:44,200
Speaker 19: that sort of stuff in the future.

531
00:24:44,440 --> 00:24:46,359
Speaker 2: Always a pleasure, Joanas to catch up. We'll see you

532
00:24:46,400 --> 00:24:48,400
Speaker 2: next things. Stay just out of the EU. By the way,

533
00:24:48,440 --> 00:24:51,600
Speaker 2: what they were looking at in the retaliatory measures. Because

534
00:24:51,600 --> 00:24:52,920
Speaker 2: they've all gone home and they gone to bed for

535
00:24:52,960 --> 00:24:56,320
Speaker 2: the night, they were going to sting, poultry, grains, clothing metals.

536
00:24:57,760 --> 00:25:00,200
Speaker 2: They haven't actually released a final list of what were

537
00:25:00,200 --> 00:25:03,960
Speaker 2: looking at. There were two tranches of these retaliatory tariffs

538
00:25:04,000 --> 00:25:05,920
Speaker 2: to come in. One was April fifteen, in a couple

539
00:25:06,000 --> 00:25:09,240
Speaker 2: of days, and then another lot in May fifteen. So

540
00:25:09,359 --> 00:25:14,080
Speaker 2: you've got also the mixed picture. Trump's doing everything for

541
00:25:14,200 --> 00:25:17,360
Speaker 2: everyone while the EU is looking to do bits and pieces.

542
00:25:17,440 --> 00:25:19,679
Speaker 2: Here and there. So you've got the broad based scrap

543
00:25:19,720 --> 00:25:23,720
Speaker 2: between US and China, and you've got the specific scrap

544
00:25:23,800 --> 00:25:27,800
Speaker 2: between the EU and the US, and you've got the

545
00:25:27,880 --> 00:25:30,520
Speaker 2: broad based approach to the entire And just like what

546
00:25:30,560 --> 00:25:32,080
Speaker 2: I want to know from Nikola, by the way, when

547
00:25:32,119 --> 00:25:34,600
Speaker 2: she joins us after seven thirty, is how is it

548
00:25:34,680 --> 00:25:38,720
Speaker 2: the Charmers yesterday in Australia Jim Charmers Chancellor. How come

549
00:25:38,840 --> 00:25:42,840
Speaker 2: he called an emergency meeting? And that had the Reserve

550
00:25:42,880 --> 00:25:45,320
Speaker 2: Bank governor Michelle Bullock had had the Treasury secretary guy

551
00:25:45,359 --> 00:25:48,159
Speaker 2: called Kennedy in there an emergency meeting? Was that for

552
00:25:48,359 --> 00:25:53,000
Speaker 2: optics because there's an election campaign meantime? Our briefing came

553
00:25:53,040 --> 00:25:55,119
Speaker 2: from Nicola, who was reading a script on Tuesday in

554
00:25:55,200 --> 00:25:58,119
Speaker 2: a kind of well who knows, So is it an

555
00:25:58,160 --> 00:25:58,879
Speaker 2: emergency or not?

556
00:25:59,400 --> 00:26:03,400
Speaker 1: Seen away from the Mike Hosking breakfast with Bailey's Real

557
00:26:03,520 --> 00:26:04,960
Speaker 1: Estate news dogs, they'd.

558
00:26:04,760 --> 00:26:06,639
Speaker 2: Be breaking news in a world of breaking news this

559
00:26:06,720 --> 00:26:08,760
Speaker 2: Morningsey has told us. So they did meet the pope

560
00:26:08,800 --> 00:26:10,920
Speaker 2: before they left, So Charles and Kimilla went and saw

561
00:26:10,920 --> 00:26:12,880
Speaker 2: the pope, which is nice. If you want to read

562
00:26:12,960 --> 00:26:15,200
Speaker 2: something about the exposure. This goes back to the text

563
00:26:15,200 --> 00:26:16,480
Speaker 2: about the debt, and I think there might be some

564
00:26:16,600 --> 00:26:19,680
Speaker 2: insight into that headline how China could crush the US

565
00:26:19,800 --> 00:26:23,400
Speaker 2: housing market. The end of last year, foreign countries owned

566
00:26:23,440 --> 00:26:26,000
Speaker 2: one point three to two trillion worth of u AS

567
00:26:26,080 --> 00:26:29,399
Speaker 2: mortgage backed securities. That's fifteen percent of everything. So if

568
00:26:29,520 --> 00:26:32,280
Speaker 2: China wanted to hit America hard, that unload the treasuries,

569
00:26:32,520 --> 00:26:34,880
Speaker 2: and I wouldn't put it past them. It gets super

570
00:26:34,960 --> 00:26:38,720
Speaker 2: ugly meantime. Out of court yesterday, another loss for Trump.

571
00:26:38,800 --> 00:26:43,080
Speaker 2: Federal judge White House cannot bar associated press reporters. This

572
00:26:43,240 --> 00:26:45,679
Speaker 2: is ap from the White House, from Air Force one

573
00:26:45,760 --> 00:26:50,200
Speaker 2: from other secure spaces. District Court Judge Trevor McFadden, appointed

574
00:26:50,280 --> 00:26:55,080
Speaker 2: interestingly by Trump, a contrary to the First Amendment, stayed

575
00:26:55,080 --> 00:26:58,040
Speaker 2: the order requiring the White House to restore access from

576
00:26:58,119 --> 00:27:00,240
Speaker 2: taking effect until Sunday to give the White House time

577
00:27:00,280 --> 00:27:02,840
Speaker 2: to appeal, which of course they will. If you've forgotten

578
00:27:02,880 --> 00:27:06,119
Speaker 2: the story. Ap refused to call the Golf of Mexico

579
00:27:06,160 --> 00:27:09,239
Speaker 2: the Gulf of America, so Trump banned them. It does

580
00:27:09,320 --> 00:27:12,200
Speaker 2: not bestow special treatment upon ap SS, the judge. The

581
00:27:12,280 --> 00:27:14,560
Speaker 2: court simply holds it under the First Amendment. If the

582
00:27:14,600 --> 00:27:16,600
Speaker 2: government opens its doors to some journalists be at the

583
00:27:16,640 --> 00:27:19,080
Speaker 2: Oval office, the East room, or elsewhere. It cannot then

584
00:27:19,160 --> 00:27:21,640
Speaker 2: shut those doors to other journalists because of their viewpoints.

585
00:27:21,920 --> 00:27:25,000
Speaker 2: The Constitution requires no less.

586
00:27:25,240 --> 00:27:27,000
Speaker 20: Remember when we thought that was the dumbest thing that

587
00:27:27,080 --> 00:27:27,720
Speaker 20: Trump had done.

588
00:27:28,400 --> 00:27:31,080
Speaker 2: Those were the days. Ah, those were the simple times.

589
00:27:31,160 --> 00:27:32,639
Speaker 2: Five minutes away from seven.

590
00:27:34,160 --> 00:27:34,760
Speaker 3: And the ouse.

591
00:27:35,080 --> 00:27:39,160
Speaker 1: It's the biz with business fiber take your business productivity

592
00:27:39,280 --> 00:27:40,120
Speaker 1: to the next level.

593
00:27:40,160 --> 00:27:42,240
Speaker 2: Well, probably the best example of the year doc that

594
00:27:42,359 --> 00:27:44,680
Speaker 2: throrounds the Trump thinking on tariffs is this belief that

595
00:27:44,800 --> 00:27:48,080
Speaker 2: Apple will repatriate its operations to the States to make

596
00:27:48,119 --> 00:27:50,480
Speaker 2: iPhones in America. Now that the head genius and the

597
00:27:50,520 --> 00:27:56,840
Speaker 2: Trump regime is Howard Lutnik, is he there or not? Okay? Anyway,

598
00:27:57,000 --> 00:27:59,119
Speaker 2: so Lutnik there he is.

599
00:27:59,200 --> 00:28:02,960
Speaker 21: Now the army of millions and millions of human beings

600
00:28:03,000 --> 00:28:06,000
Speaker 21: screwing in little little screws to make iPhones.

601
00:28:06,200 --> 00:28:08,280
Speaker 6: That kind of thing is going to come to America.

602
00:28:09,320 --> 00:28:12,119
Speaker 2: No, it isn't. Because Trump then posted on truth social

603
00:28:12,160 --> 00:28:14,200
Speaker 2: that Apple will be moving to the US. They aren't,

604
00:28:14,960 --> 00:28:16,399
Speaker 2: but they are investing a chunk of money in the

605
00:28:16,480 --> 00:28:20,040
Speaker 2: new AI services and research jobs. Carolyn Lebbett yesterday repeated

606
00:28:20,080 --> 00:28:22,280
Speaker 2: that Apple were going to move to America. I repeat,

607
00:28:22,600 --> 00:28:24,520
Speaker 2: they are not Apple. Do you know how I know

608
00:28:24,640 --> 00:28:28,520
Speaker 2: they're not Apple said, we are not jobs Steve More

609
00:28:28,560 --> 00:28:31,240
Speaker 2: recently Tim Cork have said that they have seven hundred

610
00:28:31,280 --> 00:28:33,600
Speaker 2: thousand factory workers in China and you can't find that

611
00:28:33,680 --> 00:28:36,840
Speaker 2: many people in America. To hire financial research firm this morning,

612
00:28:36,920 --> 00:28:41,280
Speaker 2: Wedbush Woodbush Securities, they've gone step further. They've crunched some numbers.

613
00:28:41,320 --> 00:28:42,960
Speaker 2: If Apple were to move to the US, it would

614
00:28:42,960 --> 00:28:46,560
Speaker 2: cost Apple about fifty three billion and take three years

615
00:28:46,600 --> 00:28:48,400
Speaker 2: to move just ten percent of their supply chain to

616
00:28:48,440 --> 00:28:51,360
Speaker 2: the US. So that's backed up by the fact that

617
00:28:51,480 --> 00:28:54,360
Speaker 2: India has taken a little over three years themselves to

618
00:28:54,480 --> 00:28:56,920
Speaker 2: get up to only fourteen percent of Apple's iPhone volumes.

619
00:28:57,520 --> 00:28:59,120
Speaker 2: Then to the punter, what's it going to cost the punter?

620
00:28:59,280 --> 00:29:01,880
Speaker 2: This is where the tower such a stroke of genius.

621
00:29:01,920 --> 00:29:03,840
Speaker 2: This is why Lutnik should be given the Nobel Prize

622
00:29:03,880 --> 00:29:07,720
Speaker 2: for Economics. So before Trump added this morning's tariffs to China,

623
00:29:08,280 --> 00:29:10,480
Speaker 2: the investment firms were saying that your iPhone would cost

624
00:29:10,520 --> 00:29:12,840
Speaker 2: forty three percent more of Apple passed on the tariff

625
00:29:13,000 --> 00:29:16,240
Speaker 2: to consume it. So Wedbush, they're saying all the production

626
00:29:16,400 --> 00:29:19,680
Speaker 2: moving to us if they did that, which they aren't.

627
00:29:19,960 --> 00:29:22,360
Speaker 2: But if they did, your top of the line cell

628
00:29:22,400 --> 00:29:25,840
Speaker 2: phone would then cost six two hundred dollars because all

629
00:29:25,840 --> 00:29:27,600
Speaker 2: the millions of people will be busy screwing and the

630
00:29:27,640 --> 00:29:31,720
Speaker 2: screws for higher wage rate. But I'm sure Howard's already

631
00:29:31,720 --> 00:29:34,560
Speaker 2: thought of that. See, this is a time where you

632
00:29:34,760 --> 00:29:41,160
Speaker 2: think it's just reached Peat's stupidity, hasn't it. Eric Crampton

633
00:29:41,240 --> 00:29:43,520
Speaker 2: of the New Zealand Initiative, Lord knows what he makes

634
00:29:43,560 --> 00:29:45,640
Speaker 2: of it, and so he's with us. After the news

635
00:29:45,680 --> 00:29:47,840
Speaker 2: of seven o'clock, the wall thing we'll talk through because

636
00:29:47,880 --> 00:29:50,320
Speaker 2: it's great news for the wall industry. Peter Windsor, who

637
00:29:50,360 --> 00:29:53,840
Speaker 2: we're loving, he's back with the f one former Williams

638
00:29:53,880 --> 00:29:56,600
Speaker 2: team manager Nikola Willis the Finance Minister as part of

639
00:29:56,640 --> 00:29:59,560
Speaker 2: the program this morning as well. The news is next

640
00:29:59,640 --> 00:30:01,280
Speaker 2: though on the Mic Hosking boards.

641
00:30:03,920 --> 00:30:07,000
Speaker 1: The only report you need to start your day the

642
00:30:07,240 --> 00:30:11,400
Speaker 1: Mic Costing Breakfast with Bailey's Real Estate your local experts

643
00:30:11,400 --> 00:30:14,600
Speaker 1: across residential, commercial and rural news talks head.

644
00:30:14,440 --> 00:30:16,640
Speaker 2: Be seven past seven. Well Reserve Bank did what they

645
00:30:16,680 --> 00:30:19,040
Speaker 2: were expected to do yesterday, but the overarching theme, of

646
00:30:19,120 --> 00:30:21,480
Speaker 2: course is one of massive uncertainty in this morning. Some

647
00:30:21,680 --> 00:30:24,760
Speaker 2: events haven't held New Zealand Initiative. Chief economist Ic Crampton's

648
00:30:24,760 --> 00:30:25,840
Speaker 2: with us Eric morning.

649
00:30:26,360 --> 00:30:26,840
Speaker 22: Good morning.

650
00:30:26,920 --> 00:30:29,720
Speaker 2: Can you believe what you're seeing? Well?

651
00:30:29,760 --> 00:30:31,960
Speaker 22: I was expecting more chaos and we're still getting it.

652
00:30:32,440 --> 00:30:34,200
Speaker 22: So it had a bit of insomnia. Wake up at

653
00:30:34,240 --> 00:30:36,440
Speaker 22: four in the morning, Okay, tariffs are still on. Wake

654
00:30:36,520 --> 00:30:38,520
Speaker 22: up at six thirty. Okay, tariffs looks like they're going

655
00:30:38,560 --> 00:30:41,800
Speaker 22: to be off. It is really hard for any business

656
00:30:41,840 --> 00:30:44,760
Speaker 22: to plan in this kind of environment. It's the chaos

657
00:30:44,920 --> 00:30:45,720
Speaker 22: is just going to continue.

658
00:30:45,840 --> 00:30:47,280
Speaker 2: Do you reckon he's going to plan or not?

659
00:30:48,760 --> 00:30:48,800
Speaker 6: No.

660
00:30:49,800 --> 00:30:52,400
Speaker 22: I think he's just liked tariffs. I think that the

661
00:30:52,480 --> 00:30:57,440
Speaker 22: plans that get suggested are expost rationalizations. People see some

662
00:30:57,600 --> 00:30:59,720
Speaker 22: way that the market has moved that might potentially be

663
00:30:59,720 --> 00:31:02,200
Speaker 22: better official for something that Trump might all have wanted

664
00:31:02,240 --> 00:31:05,160
Speaker 22: to have done, and then reason that that must have

665
00:31:05,240 --> 00:31:08,560
Speaker 22: been the reason for it. In Congress today or I

666
00:31:08,640 --> 00:31:13,880
Speaker 22: guess our overnight, the guy who's responsible for administering the

667
00:31:13,960 --> 00:31:17,480
Speaker 22: tariffs was talking for two hours about how great the

668
00:31:17,520 --> 00:31:19,680
Speaker 22: tariffs are and how they're going to keep implementing them,

669
00:31:20,440 --> 00:31:24,840
Speaker 22: and was told during his speech that Trump had put

670
00:31:24,880 --> 00:31:29,240
Speaker 22: a ninety day pause on the tariffs. He presumably hadn't

671
00:31:29,320 --> 00:31:32,280
Speaker 22: known before Trump did it. I don't think that there's

672
00:31:32,280 --> 00:31:33,120
Speaker 22: any plan here at all.

673
00:31:34,520 --> 00:31:36,200
Speaker 2: I don't know if this is in your wheelhouse. But

674
00:31:36,360 --> 00:31:38,600
Speaker 2: Trump a couple of hours before he made the announcement

675
00:31:39,400 --> 00:31:42,000
Speaker 2: on truth social said now is a great time to buy,

676
00:31:42,520 --> 00:31:46,120
Speaker 2: and he signed it off DJT, which is crypto. Is

677
00:31:46,200 --> 00:31:47,480
Speaker 2: he allowed to do? Is that I legal?

678
00:31:50,120 --> 00:31:55,600
Speaker 22: It's hard to tell anymore. Whatever Congress has to be

679
00:31:55,680 --> 00:32:00,280
Speaker 22: willing to enforce, and so to the courts right of course,

680
00:32:00,320 --> 00:32:02,960
Speaker 22: could step in. Congress could be stopping him on all

681
00:32:03,040 --> 00:32:07,880
Speaker 22: of this. You wonder what the heck. For a while

682
00:32:08,000 --> 00:32:11,520
Speaker 22: prior to this, there's been all kinds of mini scandals

683
00:32:11,600 --> 00:32:14,600
Speaker 22: in congressional trading. So there's a Twitter account that would

684
00:32:14,680 --> 00:32:18,320
Speaker 22: follow Nancy Pelosi's stock picks, and she was always very

685
00:32:18,360 --> 00:32:20,000
Speaker 22: good at picking which stocks are going to move, and

686
00:32:20,040 --> 00:32:22,200
Speaker 22: people are always suspicious about it. So you could get

687
00:32:22,240 --> 00:32:25,840
Speaker 22: a stock index that to just follow her trades. I

688
00:32:25,920 --> 00:32:29,640
Speaker 22: would love to know what members of the administration's trades

689
00:32:29,720 --> 00:32:32,440
Speaker 22: have been over the past day, because when markets swing

690
00:32:32,560 --> 00:32:35,640
Speaker 22: this wildly, it's like banana Republic stuff, where if you've

691
00:32:35,680 --> 00:32:38,800
Speaker 22: got inside knowledge a little bit ahead. While you can

692
00:32:38,880 --> 00:32:40,160
Speaker 22: run front run the market.

693
00:32:40,560 --> 00:32:44,880
Speaker 2: It's unreal line just quickly on New Zealand twenty five

694
00:32:45,040 --> 00:32:47,520
Speaker 2: is there in your view another twenty five? Or what

695
00:32:47,720 --> 00:32:50,280
Speaker 2: chance fifty is three neutral? Is it two to seventy

696
00:32:50,320 --> 00:32:50,880
Speaker 2: five neutral?

697
00:32:50,960 --> 00:32:55,760
Speaker 22: Now everything's going to depend on what's coming out of

698
00:32:55,760 --> 00:33:00,320
Speaker 22: the US. There is good chance of stagflation, where the

699
00:33:00,440 --> 00:33:04,000
Speaker 22: US puts itself into recession through deliberate policy choices that

700
00:33:04,120 --> 00:33:07,040
Speaker 22: the FED has to try to respond to that. There's

701
00:33:07,080 --> 00:33:11,400
Speaker 22: a chance that that could go badly. Rising inflation generally

702
00:33:11,480 --> 00:33:13,880
Speaker 22: requires an increase in interest rates to deal with it.

703
00:33:14,360 --> 00:33:17,160
Speaker 22: But if you're having real GDP dropping more quickly than

704
00:33:17,200 --> 00:33:21,400
Speaker 22: that because of the craziness coming out of the administration,

705
00:33:21,960 --> 00:33:24,960
Speaker 22: then that can push you into pretty bad economic territory.

706
00:33:25,800 --> 00:33:27,840
Speaker 22: The Reserve Bank here is going to have to be

707
00:33:27,920 --> 00:33:31,719
Speaker 22: watching all of that very carefully. And also what's happening

708
00:33:31,800 --> 00:33:34,520
Speaker 22: then in China because they're getting hammered now with one

709
00:33:34,600 --> 00:33:35,400
Speaker 22: hundred and twenty five.

710
00:33:35,320 --> 00:33:37,440
Speaker 2: Percent on time, well it was five minutes ago. Who

711
00:33:37,480 --> 00:33:39,600
Speaker 2: the hell knows, Eric Listen, I appreciate it very much.

712
00:33:39,760 --> 00:33:43,320
Speaker 2: Eric Crampton, New Zealand Initiative Chief Chief Economists ten minutes

713
00:33:43,320 --> 00:33:46,720
Speaker 2: past seven, Plump's got the full court of the White

714
00:33:46,720 --> 00:33:49,160
Speaker 2: House full of cars again. The other dye was Taslodytes

715
00:33:49,160 --> 00:33:51,080
Speaker 2: and as Karen, an indiecat. He didn't seem to know

716
00:33:51,160 --> 00:33:53,360
Speaker 2: which was which, which is a problem in in all

717
00:33:53,360 --> 00:33:55,120
Speaker 2: of itself. But he is talking about the terriffs.

718
00:33:55,600 --> 00:33:59,400
Speaker 8: I thought that people were jumping a little bit out

719
00:33:59,440 --> 00:34:02,520
Speaker 8: of line there. We're getting yippie, you know, we're getting

720
00:34:02,520 --> 00:34:06,160
Speaker 8: a little bit yippy, a little bit afraid unlike these champions,

721
00:34:06,960 --> 00:34:08,799
Speaker 8: because we have a big job to do. No other

722
00:34:08,840 --> 00:34:11,120
Speaker 8: president would have done what I did. No other president

723
00:34:11,120 --> 00:34:13,680
Speaker 8: I know the president, they wouldn't have done it, and it.

724
00:34:13,719 --> 00:34:14,359
Speaker 6: Had to be done.

725
00:34:15,000 --> 00:34:17,320
Speaker 2: Asking now all the presidents and you're claiming out of

726
00:34:17,360 --> 00:34:22,520
Speaker 2: know Washington and just just stopping yippie. What a fantastic

727
00:34:22,600 --> 00:34:25,840
Speaker 2: day was for Wall yesterday, Government director for the agencies

728
00:34:25,880 --> 00:34:28,680
Speaker 2: to use Wall. We're appropriate in the construction and refurbishment

729
00:34:28,880 --> 00:34:32,680
Speaker 2: of buildings. The new fleece first procurement rules we'll get

730
00:34:32,760 --> 00:34:36,560
Speaker 2: underway July one will impact CEO and Andy Coy's with us.

731
00:34:36,560 --> 00:34:38,400
Speaker 2: Andy morning, Yes, good.

732
00:34:38,239 --> 00:34:42,480
Speaker 17: Morning, make good day, great day for well, fantastic for a.

733
00:34:42,560 --> 00:34:45,520
Speaker 2: Purist like me. I love Wall. I'd die for Wall

734
00:34:45,560 --> 00:34:48,520
Speaker 2: all that stuff. But for a purist, a government picking

735
00:34:48,640 --> 00:34:51,920
Speaker 2: winners does raise economic questions, doesn't it.

736
00:34:53,880 --> 00:34:54,360
Speaker 6: Yes and no.

737
00:34:54,600 --> 00:34:56,480
Speaker 17: I think what we're going to look at as a

738
00:34:56,560 --> 00:35:01,840
Speaker 17: value equation and increasingly where we're learning around the issues

739
00:35:01,880 --> 00:35:05,640
Speaker 17: around synthetic materials in the living spaces where we operate

740
00:35:06,239 --> 00:35:09,839
Speaker 17: and how that impacts on human health, and then looking

741
00:35:09,840 --> 00:35:12,960
Speaker 17: at the end of life, what happens to the materials

742
00:35:13,000 --> 00:35:17,680
Speaker 17: that go into landfill. We bury one hundred and forty

743
00:35:17,719 --> 00:35:20,640
Speaker 17: eight thousand tons of carpets every year in New Zealand,

744
00:35:21,239 --> 00:35:24,040
Speaker 17: and yet we're only producing one hundred thousand tons of wool,

745
00:35:24,480 --> 00:35:28,200
Speaker 17: and eighty five percent of that goes overseas, so you

746
00:35:28,280 --> 00:35:31,280
Speaker 17: can see how much synthetic materials going into landfill sites.

747
00:35:31,520 --> 00:35:34,839
Speaker 2: Indeed, do you expect them to adhere to what? It's

748
00:35:34,920 --> 00:35:37,720
Speaker 2: not a rule, it's advice and they need to explain

749
00:35:37,800 --> 00:35:40,120
Speaker 2: it if they don't. But do you expect people to

750
00:35:40,160 --> 00:35:40,680
Speaker 2: get on board?

751
00:35:41,600 --> 00:35:45,759
Speaker 17: It's a strong recommendation, and I think it's the sort

752
00:35:45,800 --> 00:35:48,680
Speaker 17: of decision which in two to three years time people

753
00:35:48,920 --> 00:35:52,480
Speaker 17: will look back and go, it was such an obvious solution,

754
00:35:52,680 --> 00:35:54,280
Speaker 17: why didn't we embrace it earlier?

755
00:35:55,760 --> 00:35:58,000
Speaker 2: You'd like to hope, so, well, let's see how it goes. Andy,

756
00:35:58,040 --> 00:36:00,600
Speaker 2: appreciate it very much. Andy Cohen, who's the Will Impact

757
00:36:00,680 --> 00:36:03,880
Speaker 2: CEO with us this morning, thirteen past seven. Oh, why

758
00:36:03,920 --> 00:36:06,440
Speaker 2: would an iPhone cost more for New Zealand? It's not

759
00:36:06,560 --> 00:36:09,520
Speaker 2: a bad question. So you've got two things. Is, if

760
00:36:09,560 --> 00:36:13,520
Speaker 2: Apple relocates to America, which they won't, obviously, the price

761
00:36:13,560 --> 00:36:15,520
Speaker 2: of an iPhone goes through the roof, and therefore they'll

762
00:36:15,560 --> 00:36:18,320
Speaker 2: be selling iPhones around the world at exorbitant prices and

763
00:36:18,400 --> 00:36:20,480
Speaker 2: they'll slowly but surely go out of business because the

764
00:36:20,600 --> 00:36:23,520
Speaker 2: Chinese will be laughing. If they don't relocate to America,

765
00:36:23,640 --> 00:36:25,800
Speaker 2: which they aren't, they are then going to have to

766
00:36:25,840 --> 00:36:27,719
Speaker 2: deal because so much of their stuff is done in China,

767
00:36:27,800 --> 00:36:30,200
Speaker 2: They're going to have to deal with the tariff at

768
00:36:30,239 --> 00:36:32,720
Speaker 2: one hundred current this morning, one hundred and twenty five percent.

769
00:36:33,080 --> 00:36:34,520
Speaker 2: What do they do with that? Do they soak it up?

770
00:36:34,600 --> 00:36:36,279
Speaker 2: No they don't. Do they pass it on? Yes they will.

771
00:36:36,440 --> 00:36:38,000
Speaker 2: Who do they pass it on to? They pass on

772
00:36:38,080 --> 00:36:40,040
Speaker 2: all one hundred and twenty five percent to the Americans, know,

773
00:36:40,400 --> 00:36:42,719
Speaker 2: because they can't afford to, because America is their biggest market.

774
00:36:43,120 --> 00:36:45,640
Speaker 2: So they'll spread that around the world and they'll send

775
00:36:45,719 --> 00:36:48,040
Speaker 2: some to US, some to Australia, some to Europe. And

776
00:36:48,120 --> 00:36:52,799
Speaker 2: that's unfortunately how teriffs work. We're all affective. Fourteen past.

777
00:36:54,040 --> 00:36:58,440
Speaker 1: The High Asking Breakfast Full Show podcast on iHeartRadio powered

778
00:36:58,480 --> 00:36:59,480
Speaker 1: by News Talks That Be.

779
00:37:00,239 --> 00:37:03,640
Speaker 2: Shoan Fitzpatrick on Doc Mayhew before eight to sixteen past seven.

780
00:37:03,840 --> 00:37:05,880
Speaker 2: We've got to merger a confirmed there where met services

781
00:37:05,920 --> 00:37:07,400
Speaker 2: seems to have been coming for a while. They're going

782
00:37:07,440 --> 00:37:10,000
Speaker 2: to become one. The idea as we eliminate you know, duplication,

783
00:37:10,080 --> 00:37:12,960
Speaker 2: streamline services, save money, all that stuff. Science and Innovation

784
00:37:13,080 --> 00:37:15,280
Speaker 2: Tech Minister Shame Retty with a shame warning.

785
00:37:16,400 --> 00:37:16,839
Speaker 23: Good morning.

786
00:37:16,880 --> 00:37:19,000
Speaker 2: Make the time frame between what you thought you were

787
00:37:19,040 --> 00:37:20,799
Speaker 2: going to do and actually doing it now. Has somebody

788
00:37:20,920 --> 00:37:22,600
Speaker 2: been pushing back? Has there been a scrap on or

789
00:37:22,640 --> 00:37:23,640
Speaker 2: has this been a no brainer?

790
00:37:25,160 --> 00:37:25,239
Speaker 6: Now?

791
00:37:25,320 --> 00:37:26,839
Speaker 23: This has been a no brainer. I mean we've got

792
00:37:27,160 --> 00:37:30,200
Speaker 23: two organizations, two sets of infrastructure, two sets of back

793
00:37:30,239 --> 00:37:33,680
Speaker 23: off and unfortunately sometimes two different weather reports on the

794
00:37:33,719 --> 00:37:37,080
Speaker 23: same weather system, so the weather forecasting system. The view

795
00:37:37,360 --> 00:37:40,719
Speaker 23: was quite clear that we should follow international presidents, bring

796
00:37:40,800 --> 00:37:43,279
Speaker 23: these together, drive the efficiencies and put those efficiencies back

797
00:37:43,280 --> 00:37:43,880
Speaker 23: into the system.

798
00:37:44,160 --> 00:37:45,880
Speaker 2: Are we going to have a lead agency as one

799
00:37:45,960 --> 00:37:46,640
Speaker 2: better than the other.

800
00:37:48,920 --> 00:37:51,719
Speaker 23: NIWA will be the appearent to the acquisition, So NIWA

801
00:37:51,719 --> 00:37:55,320
Speaker 23: will be the lead going forward for authoritative meteorological advice.

802
00:37:55,600 --> 00:37:59,000
Speaker 2: And what's the cost saving the job losses and the

803
00:37:59,120 --> 00:37:59,759
Speaker 2: time frame.

804
00:38:01,719 --> 00:38:05,480
Speaker 23: So the projected monetized net present value benefits are roughly

805
00:38:05,560 --> 00:38:08,879
Speaker 23: three million dollars per annum is what the modeling has shown,

806
00:38:08,920 --> 00:38:13,080
Speaker 23: which we can drive back into improving weather forecasting. Jobs

807
00:38:14,880 --> 00:38:17,879
Speaker 23: still being determined as roughly six hundred to six hundred

808
00:38:17,880 --> 00:38:21,760
Speaker 23: and fifty jobs at newer three hundred at Meteorological Service,

809
00:38:22,120 --> 00:38:24,279
Speaker 23: and it's being worked out. We'll bring them together first

810
00:38:24,320 --> 00:38:26,640
Speaker 23: of all, and then we'll work our way through weather

811
00:38:26,719 --> 00:38:29,839
Speaker 23: duplications occur, but it is the intention to find those

812
00:38:29,880 --> 00:38:32,320
Speaker 23: reduplications and redirect that funding back in design.

813
00:38:32,560 --> 00:38:36,120
Speaker 2: Obviously I'm not a meteorologist, but how is it possible?

814
00:38:36,120 --> 00:38:39,480
Speaker 2: Will you employ one thousand people to put out a

815
00:38:39,560 --> 00:38:40,320
Speaker 2: weather forecast?

816
00:38:42,520 --> 00:38:44,640
Speaker 23: It is actually very complex, and remember they actually do

817
00:38:44,800 --> 00:38:48,239
Speaker 23: more than weather. If you look at what the NIWER does.

818
00:38:48,320 --> 00:38:51,960
Speaker 23: For example, it also deploys the dark Boy system all

819
00:38:52,040 --> 00:38:55,000
Speaker 23: around the world, so it is a much broader remit

820
00:38:55,160 --> 00:38:56,399
Speaker 23: than just weather.

821
00:38:56,480 --> 00:38:59,360
Speaker 2: Actually, what would you expect to go from roughly not

822
00:38:59,520 --> 00:39:01,719
Speaker 2: holding you to it. But if a thousands too many,

823
00:39:01,760 --> 00:39:02,600
Speaker 2: what's the number?

824
00:39:04,920 --> 00:39:07,800
Speaker 23: Look, that's i'd read that is uncertain. We couldn't predict

825
00:39:07,880 --> 00:39:09,719
Speaker 23: on that, but one we could imagine that the back

826
00:39:09,760 --> 00:39:12,920
Speaker 23: office is where some of the efficiencies will drive initially,

827
00:39:13,280 --> 00:39:15,360
Speaker 23: and then we'll look at where some of the duplicated

828
00:39:15,400 --> 00:39:21,560
Speaker 23: infrastructure might need to be reconfigured also and timeframe. We're

829
00:39:21,600 --> 00:39:25,200
Speaker 23: looking to bring legislation to the House in this next

830
00:39:25,360 --> 00:39:28,360
Speaker 23: three or four months, and then we'll drive the organizations

831
00:39:28,360 --> 00:39:29,279
Speaker 23: together once we've done that.

832
00:39:29,440 --> 00:39:32,680
Speaker 2: Good stuff. Shame ready. Who is the Science Innovation Tech Minister?

833
00:39:32,760 --> 00:39:35,719
Speaker 2: And assuming they're going to need new stationary as well, Mike,

834
00:39:35,840 --> 00:39:38,879
Speaker 2: regarding wall carpets being used, would the Commerce Commission look

835
00:39:38,880 --> 00:39:41,640
Speaker 2: into this as the outside there are laws regarding fair

836
00:39:41,680 --> 00:39:44,320
Speaker 2: trading and unfair competition. Is not a bad question. Actually,

837
00:39:44,960 --> 00:39:47,879
Speaker 2: if there's a government directive to favor one product open

838
00:39:47,920 --> 00:39:50,759
Speaker 2: or another, and you've entered a free trade agreement with

839
00:39:50,880 --> 00:39:54,640
Speaker 2: somebody pack anybody who happens to export we import their

840
00:39:54,800 --> 00:40:02,400
Speaker 2: carpet materials. Well done, Well done you good question. By

841
00:40:02,400 --> 00:40:04,960
Speaker 2: the way, story that wasn't covered at all yesterday should

842
00:40:04,960 --> 00:40:07,800
Speaker 2: have been diesel importers have been required to increase reserves

843
00:40:07,840 --> 00:40:09,640
Speaker 2: to twenty eight days. There's been an ongoing concern of

844
00:40:09,680 --> 00:40:11,600
Speaker 2: the government and there are one hundred percent right on this.

845
00:40:12,120 --> 00:40:16,200
Speaker 2: The Marsden things are scandal and the previous government shouldn't

846
00:40:16,239 --> 00:40:18,080
Speaker 2: have done something about it. But we're now reliant on

847
00:40:18,400 --> 00:40:20,359
Speaker 2: just you know, ships turning up and when they don't

848
00:40:21,120 --> 00:40:23,560
Speaker 2: and the jet fuel. We've had problems with being contaminating

849
00:40:23,560 --> 00:40:24,680
Speaker 2: and all that sort of stuff, and we don't have

850
00:40:24,760 --> 00:40:27,200
Speaker 2: enough reserves. So they want now the diesel importers to

851
00:40:27,280 --> 00:40:29,640
Speaker 2: have at least twenty eight days because if something goes wrong,

852
00:40:30,160 --> 00:40:30,840
Speaker 2: we're stuffed.

853
00:40:31,280 --> 00:40:38,200
Speaker 1: Seven The Mic Asking Breakfast Full Show podcast on iHeartRadio,

854
00:40:38,520 --> 00:40:39,960
Speaker 1: Power It by News Talks.

855
00:40:39,719 --> 00:40:44,560
Speaker 2: EP got a question for you. Our average family of

856
00:40:44,719 --> 00:40:49,240
Speaker 2: four can produce over six thousand liters of moisture yearly

857
00:40:49,520 --> 00:40:52,799
Speaker 2: in their home. So where does all that damp here go? Well,

858
00:40:52,840 --> 00:40:55,640
Speaker 2: without a DBS system, it goes nowhere. Just lingers on

859
00:40:55,760 --> 00:40:59,640
Speaker 2: your furniture and your carpets and your drapes causes mold, windows,

860
00:40:59,719 --> 00:41:02,399
Speaker 2: crying condensation, even serious health issues. You don't want any

861
00:41:02,400 --> 00:41:05,640
Speaker 2: of that. DBS ventilation keeps the home comfortable by doing

862
00:41:05,680 --> 00:41:08,560
Speaker 2: something brilliantly simple. It simply draws filtered fresh air in

863
00:41:08,840 --> 00:41:11,439
Speaker 2: and it pushes that stale stuff out. That's simple, fresh

864
00:41:11,480 --> 00:41:14,360
Speaker 2: air in, stale out, and the steady, gentle circulation that

865
00:41:14,440 --> 00:41:18,200
Speaker 2: creates a drier, healthier atmosphere prevents mold in other nasties

866
00:41:18,239 --> 00:41:21,400
Speaker 2: from becoming problems. Thousands of hawn iers already experiencing the difference.

867
00:41:21,440 --> 00:41:24,360
Speaker 2: And if you're planning on building, get into it. DBS

868
00:41:24,560 --> 00:41:26,960
Speaker 2: has got new solutions for new homes as well. Say

869
00:41:27,120 --> 00:41:30,120
Speaker 2: yes to DVS. It's your healthy home. It's not complete

870
00:41:30,160 --> 00:41:33,120
Speaker 2: without it. I eight hundred DBSDBS. How calls that number?

871
00:41:33,239 --> 00:41:36,600
Speaker 2: I eight hundred DBSDBS or online at DBS dot co

872
00:41:36,880 --> 00:41:41,839
Speaker 2: dot n Z seven twenty three kis starmer. It's fast

873
00:41:41,880 --> 00:41:44,040
Speaker 2: becoming a new political hero of mine. For a bloke

874
00:41:44,040 --> 00:41:46,239
Speaker 2: who stumbled into offers not on as brilliant or a

875
00:41:46,400 --> 00:41:48,480
Speaker 2: nationwide passion for the Labour Party, but more because the

876
00:41:48,520 --> 00:41:50,840
Speaker 2: Tories had spent fourteen years slowly missing the place up.

877
00:41:51,239 --> 00:41:53,480
Speaker 2: It turns out to be quite the operator. He's reforming

878
00:41:53,520 --> 00:41:56,200
Speaker 2: the public health because it's fat and useless. He's trimming

879
00:41:56,239 --> 00:41:59,000
Speaker 2: welfare because there are too many layabouts. He's handled Trump

880
00:41:59,040 --> 00:42:00,800
Speaker 2: as well as anyone and better the most, both on

881
00:42:00,920 --> 00:42:04,120
Speaker 2: tariffs and the war, and now he's rejected that hackneyed

882
00:42:04,160 --> 00:42:08,400
Speaker 2: old sop of a patriotic by British campaign. This is

883
00:42:08,480 --> 00:42:11,040
Speaker 2: in response to the American moves. Of course Canada hasn't.

884
00:42:11,040 --> 00:42:13,200
Speaker 2: They're flat out at the moment hating on America, and

885
00:42:13,320 --> 00:42:16,480
Speaker 2: in some senses it's working. Tourism is down as Canadians

886
00:42:16,560 --> 00:42:18,480
Speaker 2: go elsewhere, but all the rest of its anecdotal as

887
00:42:18,520 --> 00:42:20,680
Speaker 2: they pull American boos off shells and a massive huff.

888
00:42:21,200 --> 00:42:23,680
Speaker 2: So the idea was like it was here a number

889
00:42:23,719 --> 00:42:25,160
Speaker 2: of times over the years. If you think back to

890
00:42:25,200 --> 00:42:27,680
Speaker 2: buy a Ki, we like it currently. I suppose it's

891
00:42:27,800 --> 00:42:30,680
Speaker 2: kind of like the wall discussion this morning. Like it currently.

892
00:42:30,719 --> 00:42:33,319
Speaker 2: As in Australia, as part of their election campaign, they've

893
00:42:33,320 --> 00:42:35,719
Speaker 2: got a big buy Australia campaign thing going. You run

894
00:42:35,760 --> 00:42:37,759
Speaker 2: the flag up the pole, you get everyone fizzed up

895
00:42:37,760 --> 00:42:40,200
Speaker 2: about their country, their heritage, their ability to make stuff

896
00:42:40,239 --> 00:42:42,480
Speaker 2: in whittle and dig and toil and sweat, and the

897
00:42:42,560 --> 00:42:44,879
Speaker 2: punt is so enamored with your skills and graft buyers,

898
00:42:44,920 --> 00:42:47,120
Speaker 2: the locally made brilliants, and we all lived happily ever after.

899
00:42:47,719 --> 00:42:50,680
Speaker 2: There is value, of course in patriotism and pride in

900
00:42:50,760 --> 00:42:53,120
Speaker 2: some local stories. But even in Britain where a lot

901
00:42:53,200 --> 00:42:55,400
Speaker 2: of stuff was born or invented, the world has moved on,

902
00:42:55,520 --> 00:42:58,879
Speaker 2: and Starman knows it. People buy on either quality or price,

903
00:42:58,960 --> 00:43:01,200
Speaker 2: sometimes a little bit of both. They don't buy blindly.

904
00:43:01,280 --> 00:43:03,279
Speaker 2: They don't want crap, and they won't support their own

905
00:43:03,320 --> 00:43:04,480
Speaker 2: for the sake of it. I mean if they did,

906
00:43:04,560 --> 00:43:07,680
Speaker 2: team who would never have been invented, this whole terriff

907
00:43:07,800 --> 00:43:10,960
Speaker 2: thing will pass free trade and this is what Starmer

908
00:43:11,000 --> 00:43:14,360
Speaker 2: gets will survive, if not thrive. Starmer gets it. President

909
00:43:14,480 --> 00:43:17,799
Speaker 2: g certainly gets it. Good ideas, you see, don't die

910
00:43:17,840 --> 00:43:20,759
Speaker 2: with the arrival of an economic Neanderthal. Good ideas don't die.

911
00:43:20,800 --> 00:43:22,719
Speaker 2: They may be paused, or though may be dented, but

912
00:43:22,840 --> 00:43:25,960
Speaker 2: they don't die. Landrover thrives because yes it's British, but

913
00:43:26,040 --> 00:43:28,880
Speaker 2: it's also because it's good, as do Futenham and Masons

914
00:43:29,120 --> 00:43:33,440
Speaker 2: and barber wax jackets. Buying local is isolationism, most of

915
00:43:33,560 --> 00:43:35,160
Speaker 2: us worked out out a long time ago. This is

916
00:43:35,239 --> 00:43:39,000
Speaker 2: no time to regress cosking. So back in front of

917
00:43:39,040 --> 00:43:42,080
Speaker 2: the NASCAR slah indy car are they different cars. Did

918
00:43:42,160 --> 00:43:43,120
Speaker 2: he really ask that?

919
00:43:43,760 --> 00:43:45,520
Speaker 20: No, he didn't ask if they were different cars? He

920
00:43:45,960 --> 00:43:49,840
Speaker 20: said are they different? Meaning you know, how are they

921
00:43:49,880 --> 00:43:53,200
Speaker 20: different to drive? Okay, so it was a stupid question.

922
00:43:53,280 --> 00:43:54,759
Speaker 20: It wasn't totally stupid, I think.

923
00:43:55,680 --> 00:43:58,720
Speaker 2: Just moderately stupid. Okay. Anyway, here he is on Apple.

924
00:43:59,000 --> 00:44:02,359
Speaker 8: If you look at Apple, Apple is going to spend

925
00:44:02,400 --> 00:44:04,439
Speaker 8: five hundred billion dollars building a plan.

926
00:44:05,120 --> 00:44:06,000
Speaker 3: They wouldn't be doing that.

927
00:44:06,160 --> 00:44:06,800
Speaker 6: I didn't do this.

928
00:44:06,920 --> 00:44:10,720
Speaker 8: They just keep building them in China, and that's unsustainable.

929
00:44:10,840 --> 00:44:13,960
Speaker 8: It's not a pleasant thing to do, you know. Interestingly,

930
00:44:14,080 --> 00:44:19,320
Speaker 8: Chuck Schumer and Nancy Pelosi, crazy Nancy, they've wanted to

931
00:44:19,400 --> 00:44:21,360
Speaker 8: do this for years, but they never had a president

932
00:44:21,440 --> 00:44:23,759
Speaker 8: that had the guts to do it because it does

933
00:44:23,840 --> 00:44:24,680
Speaker 8: take guts forever.

934
00:44:25,160 --> 00:44:27,919
Speaker 2: So here's where he's right and wrong. Apple are spending money,

935
00:44:28,040 --> 00:44:31,080
Speaker 2: but it's for research and AI. They are not spending

936
00:44:31,200 --> 00:44:34,000
Speaker 2: money now because he arrived. They were doing it anyway,

937
00:44:34,120 --> 00:44:36,759
Speaker 2: These things don't They didn't cook, didn't wake up on

938
00:44:36,960 --> 00:44:39,000
Speaker 2: Monday and go, oh, I know, I'll spend half a

939
00:44:39,080 --> 00:44:42,839
Speaker 2: billion trillion dollars by it's crap. But what he does

940
00:44:42,960 --> 00:44:46,440
Speaker 2: is he says that which is technically true, and then

941
00:44:46,560 --> 00:44:49,000
Speaker 2: you're led to believe that somehow that will mean that

942
00:44:49,080 --> 00:44:52,000
Speaker 2: iPhones are made in America, which is not true, and

943
00:44:52,160 --> 00:44:55,200
Speaker 2: Lutnik's an idiot, and there aren't millions of Americans waiting

944
00:44:55,239 --> 00:44:58,120
Speaker 2: around with tiny little screwdrivers to put tiny little screws

945
00:44:58,120 --> 00:45:02,880
Speaker 2: and iPhones. So yes, like so many multinationals, people are

946
00:45:02,920 --> 00:45:05,160
Speaker 2: spending money in America. But then again they always have.

947
00:45:05,320 --> 00:45:07,640
Speaker 2: And as every expert in the field is said, what

948
00:45:07,880 --> 00:45:11,680
Speaker 2: free trade has done for America is exponential. America has

949
00:45:11,840 --> 00:45:16,279
Speaker 2: boomed because of free trade. The middle class have excelled

950
00:45:16,480 --> 00:45:19,279
Speaker 2: because of free trade. And part of the free trade

951
00:45:19,320 --> 00:45:22,320
Speaker 2: equation is not making six and a half thousand dollars

952
00:45:22,360 --> 00:45:26,920
Speaker 2: iPhones in Idaho because it doesn't work. It's not real.

953
00:45:27,880 --> 00:45:29,719
Speaker 2: Having to deal with all of this is, of course

954
00:45:29,760 --> 00:45:31,919
Speaker 2: our finance minister. Who's next.

955
00:45:33,680 --> 00:45:37,680
Speaker 1: New Zealand's voice of reason is Mike the Mic asking

956
00:45:37,760 --> 00:45:42,120
Speaker 1: breakfast with a Vita, Retirement Communities, Life Your Way News

957
00:45:42,200 --> 00:45:42,879
Speaker 1: togs head been.

958
00:45:43,120 --> 00:45:44,840
Speaker 2: Twenty three minutes away from a let's return to the

959
00:45:44,880 --> 00:45:47,640
Speaker 2: world of uncertainty. We're currently swimming in the ocagat to

960
00:45:47,680 --> 00:45:50,200
Speaker 2: twenty five point trim. Of course, the headliners we wander

961
00:45:50,239 --> 00:45:52,759
Speaker 2: into uncharted, Terri tri So, is there another twenty five

962
00:45:52,880 --> 00:45:55,440
Speaker 2: next month or fifty? Where's neutral? All that sort of

963
00:45:55,520 --> 00:45:58,520
Speaker 2: thing navigating this for us all in a census. Finance

964
00:45:58,560 --> 00:46:00,839
Speaker 2: Minister Nichola Willis, who is with its a very good morning.

965
00:46:01,680 --> 00:46:02,399
Speaker 7: Good morning, Marie.

966
00:46:02,560 --> 00:46:06,680
Speaker 2: I was watching Trump's speech yesterday to some party faithfully said,

967
00:46:06,680 --> 00:46:08,880
Speaker 2: everyone's ringing up kissing his ours? Are we one of

968
00:46:08,920 --> 00:46:10,480
Speaker 2: the people kissing is ours? Currently?

969
00:46:11,520 --> 00:46:11,719
Speaker 6: Well?

970
00:46:11,880 --> 00:46:14,800
Speaker 7: Look, our diplomats in Washington have certainly been speaking with

971
00:46:14,920 --> 00:46:18,400
Speaker 7: the US counterparts. I suppose in many ways we're fortunate

972
00:46:18,520 --> 00:46:21,120
Speaker 7: because our tariff rate is lower than that faced by

973
00:46:21,200 --> 00:46:23,919
Speaker 7: some other countries. Of course, we'd prefer it to be zero,

974
00:46:24,120 --> 00:46:25,279
Speaker 7: so we'll keep pushing for that.

975
00:46:25,719 --> 00:46:29,520
Speaker 2: When you talk or they talk to the administration, and

976
00:46:29,680 --> 00:46:31,760
Speaker 2: given what's happened in the last two or three hours,

977
00:46:32,239 --> 00:46:34,759
Speaker 2: do they come back to you with any level of

978
00:46:34,880 --> 00:46:36,160
Speaker 2: clarity that makes sense?

979
00:46:37,040 --> 00:46:41,399
Speaker 7: Look, uncertainty is the big thing, because sometimes it's clear

980
00:46:42,080 --> 00:46:45,879
Speaker 7: that the administration is making announcements, and then the US

981
00:46:45,960 --> 00:46:49,680
Speaker 7: system is also in real time working to understand that

982
00:46:49,800 --> 00:46:53,560
Speaker 7: information and convey it accurately to officials on the ground.

983
00:46:53,719 --> 00:46:56,160
Speaker 7: So this is a situation where we need to keep

984
00:46:56,200 --> 00:46:59,640
Speaker 7: the phones working. People need to be continuing to seek

985
00:46:59,680 --> 00:47:02,400
Speaker 7: out and nation monitoring developments very closely.

986
00:47:02,880 --> 00:47:07,000
Speaker 2: How come Charmers felt the need to Australia call an

987
00:47:07,040 --> 00:47:09,919
Speaker 2: emergency meeting yesterday that involved the Treasury in the RB

988
00:47:10,160 --> 00:47:12,359
Speaker 2: and you felt the need to present an a four

989
00:47:12,360 --> 00:47:14,400
Speaker 2: piece of paper that you read out on Tuesday is

990
00:47:14,480 --> 00:47:16,360
Speaker 2: why are you misreading the seriousness of this?

991
00:47:17,680 --> 00:47:17,879
Speaker 6: Well?

992
00:47:18,200 --> 00:47:21,640
Speaker 7: I won't speak for Charmers. I did speak to the

993
00:47:21,719 --> 00:47:26,080
Speaker 7: temporary Reserve Bank Governor yesterday and we shared our observations

994
00:47:26,120 --> 00:47:29,359
Speaker 7: of what's happening with the global economy. That's completely appropriate.

995
00:47:29,840 --> 00:47:33,320
Speaker 7: I'm continuing to be briefed regularly by Treasury. This is

996
00:47:33,360 --> 00:47:37,560
Speaker 7: a significant global economic event and as the Finance Minister

997
00:47:37,760 --> 00:47:40,799
Speaker 7: I need to keep on top of what's happening implications

998
00:47:40,840 --> 00:47:44,440
Speaker 7: for New Zealand our responses required. Are we doing the

999
00:47:44,520 --> 00:47:48,160
Speaker 7: right thing? And so far very much our view as

1000
00:47:48,239 --> 00:47:50,640
Speaker 7: we should stay the course with the approach that we

1001
00:47:50,760 --> 00:47:53,760
Speaker 7: have been taking to our economy, a sensible fiscal strategy,

1002
00:47:53,880 --> 00:47:58,200
Speaker 7: strong economic management, continuing to make reforms which support economic growth,

1003
00:47:58,280 --> 00:47:59,840
Speaker 7: business certainty and investment.

1004
00:48:00,360 --> 00:48:02,560
Speaker 2: How do you have certainty in a world this morning

1005
00:48:02,600 --> 00:48:04,560
Speaker 2: where we're at one hundred and twenty five in counting

1006
00:48:04,640 --> 00:48:06,880
Speaker 2: with China, China being our biggest trading partner.

1007
00:48:08,200 --> 00:48:11,320
Speaker 7: Well, we cannot control what happens elsewhere in the world.

1008
00:48:11,440 --> 00:48:14,200
Speaker 7: What we can control is what we do here at home.

1009
00:48:14,320 --> 00:48:17,440
Speaker 7: And that's why there's even more of a premium on

1010
00:48:17,760 --> 00:48:22,440
Speaker 7: macroeconomic stability and sensible policies. You know, I've watched labor

1011
00:48:22,600 --> 00:48:25,920
Speaker 7: have already hit the alarm, the panic button, saying, look,

1012
00:48:25,960 --> 00:48:29,719
Speaker 7: this is the time to surge the borrowing, surge the debt,

1013
00:48:30,280 --> 00:48:32,560
Speaker 7: and of course in turn surge the tax. Well, that

1014
00:48:32,640 --> 00:48:35,840
Speaker 7: would be completely the wrong approach, that would alarm markets,

1015
00:48:35,920 --> 00:48:38,560
Speaker 7: that would create more instability. This is a time to

1016
00:48:38,640 --> 00:48:40,920
Speaker 7: be steady and have a tarme hand on the tiller.

1017
00:48:41,480 --> 00:48:44,759
Speaker 2: The EU overnight retaliatory. I don't know what happens post

1018
00:48:44,800 --> 00:48:47,279
Speaker 2: the pause, but do you worry that it's all on

1019
00:48:47,640 --> 00:48:50,279
Speaker 2: among hundreds of millions of consumers all over the world

1020
00:48:50,320 --> 00:48:51,040
Speaker 2: in the trade wark.

1021
00:48:52,200 --> 00:48:56,320
Speaker 7: I do not like seeing retaliatory action and tips attacked,

1022
00:48:56,480 --> 00:49:01,640
Speaker 7: because that sort of escalation harms everyone. What we would like,

1023
00:49:01,760 --> 00:49:04,400
Speaker 7: of course, is stability and calm so our exporters can

1024
00:49:04,480 --> 00:49:07,640
Speaker 7: work out they can get the best prices for their products.

1025
00:49:07,920 --> 00:49:10,839
Speaker 7: And when the tariff situation is changing as regularly as

1026
00:49:10,880 --> 00:49:14,160
Speaker 7: it is, it's very difficult for our exporters to work

1027
00:49:14,200 --> 00:49:16,840
Speaker 7: out what's best for their business, and that uncertainty in

1028
00:49:16,920 --> 00:49:20,080
Speaker 7: and of itself can be quite paralyzing. So of course

1029
00:49:20,120 --> 00:49:22,400
Speaker 7: we would like to see calm in the global situation

1030
00:49:23,080 --> 00:49:25,600
Speaker 7: and an end to retaliate reactions, given.

1031
00:49:25,440 --> 00:49:29,160
Speaker 2: Our success so far or lately in America wine red

1032
00:49:29,239 --> 00:49:32,239
Speaker 2: meat in particular, as somebody like hawksby able to give

1033
00:49:32,320 --> 00:49:36,520
Speaker 2: you any sort of specific number around the hit to

1034
00:49:36,680 --> 00:49:40,200
Speaker 2: your bottom line, not at.

1035
00:49:40,120 --> 00:49:43,000
Speaker 7: The stage, because the hit to our bottom line will

1036
00:49:43,040 --> 00:49:47,080
Speaker 7: be affected, most ironically, not by the ten percent tariffs,

1037
00:49:47,480 --> 00:49:50,320
Speaker 7: but by the impact of a slow down in global growth.

1038
00:49:50,800 --> 00:49:53,520
Speaker 7: And just how dramatic that slowdown is is yet to

1039
00:49:53,600 --> 00:49:55,880
Speaker 7: be seen and depends a bit on whether Trump is

1040
00:49:55,960 --> 00:49:59,080
Speaker 7: going to be pausing tariffs for longer, what the retaliate

1041
00:49:59,200 --> 00:50:02,000
Speaker 7: reaction is. What we do know is we're expecting lower

1042
00:50:02,080 --> 00:50:05,520
Speaker 7: growth among our trading partners, particularly here in the Asian region.

1043
00:50:06,200 --> 00:50:08,400
Speaker 7: We're forecasting they will grow by at least half a

1044
00:50:08,440 --> 00:50:12,839
Speaker 7: percent less than we had thought. We are looking as

1045
00:50:12,960 --> 00:50:15,560
Speaker 7: inflation effects that are still unpredictable, so all of that

1046
00:50:15,719 --> 00:50:19,239
Speaker 7: gets factored into our forecasts and it's just too soon

1047
00:50:19,320 --> 00:50:21,320
Speaker 7: to tell. I know that it's not a satisfying answer,

1048
00:50:21,840 --> 00:50:23,960
Speaker 7: but you'll find that that's the response economists throughout this.

1049
00:50:24,600 --> 00:50:26,400
Speaker 2: I mean, no one knows. I mean no one blames

1050
00:50:26,400 --> 00:50:28,120
Speaker 2: you for this, because literally no one knows. Is it

1051
00:50:28,200 --> 00:50:30,000
Speaker 2: fair to suggest you needed this like a hole in

1052
00:50:30,080 --> 00:50:30,359
Speaker 2: the head?

1053
00:50:31,600 --> 00:50:31,759
Speaker 17: Ah?

1054
00:50:31,960 --> 00:50:35,480
Speaker 7: Look, New Zealand was gathering momentum in our economic recovery.

1055
00:50:35,719 --> 00:50:38,600
Speaker 7: We were turning a corner strongly, and now we are

1056
00:50:38,640 --> 00:50:42,759
Speaker 7: facing into a real headwind. However, we remain much better

1057
00:50:42,800 --> 00:50:46,279
Speaker 7: positioned than many many countries throughout the world. I back

1058
00:50:46,400 --> 00:50:50,400
Speaker 7: our exporters. They are wily. We're helping them access markets.

1059
00:50:50,440 --> 00:50:52,960
Speaker 7: If anyone in the world can do okay out of this,

1060
00:50:53,400 --> 00:50:54,160
Speaker 7: it's New Zealand.

1061
00:50:54,320 --> 00:50:56,040
Speaker 2: Okay, I know you're not going to help me out much,

1062
00:50:56,080 --> 00:50:58,600
Speaker 2: but help me out a little bit. Given what you've

1063
00:50:58,719 --> 00:51:02,680
Speaker 2: just told us, and the budget coming next month, where's

1064
00:51:02,719 --> 00:51:06,240
Speaker 2: the nine billion dollars for guns and weapons and drones

1065
00:51:06,280 --> 00:51:06,680
Speaker 2: coming from?

1066
00:51:07,560 --> 00:51:10,640
Speaker 7: That is coming from a combination of the capital allowances

1067
00:51:10,760 --> 00:51:13,840
Speaker 7: and operating allowances that the government has set aside for

1068
00:51:13,920 --> 00:51:14,680
Speaker 7: future budgets.

1069
00:51:14,800 --> 00:51:17,960
Speaker 17: We won't deliver all of that funding in one budget.

1070
00:51:18,040 --> 00:51:21,200
Speaker 7: We will deliver it over successive budgets. And what you

1071
00:51:21,239 --> 00:51:23,919
Speaker 7: will remember is it's not just about the new money

1072
00:51:23,960 --> 00:51:27,400
Speaker 7: we've set aside and allowances, it's our ability to reprioritize.

1073
00:51:27,480 --> 00:51:31,000
Speaker 7: In last year's budget, we found twenty three billion dollars

1074
00:51:31,040 --> 00:51:34,720
Speaker 7: worth of savings that we directed to better use elsewhere,

1075
00:51:34,800 --> 00:51:38,320
Speaker 7: including tax relief and investments and education and health. So

1076
00:51:38,880 --> 00:51:41,600
Speaker 7: where you will combine our operating allowances with our ongoing

1077
00:51:41,680 --> 00:51:46,240
Speaker 7: reprioritization program and that will support investment not only in defense,

1078
00:51:46,320 --> 00:51:48,560
Speaker 7: but of course the additional funding that the health system,

1079
00:51:48,640 --> 00:51:52,320
Speaker 7: the education system need, the other pressing priorities for government.

1080
00:51:52,560 --> 00:51:53,680
Speaker 2: So no new borrowing.

1081
00:51:55,760 --> 00:52:00,560
Speaker 14: Well to a longer allot tell you why.

1082
00:52:00,400 --> 00:52:02,960
Speaker 7: There's a pause mic because right now the country is

1083
00:52:03,000 --> 00:52:05,400
Speaker 7: in deficit, so by definition we are borrowing.

1084
00:52:05,400 --> 00:52:09,000
Speaker 2: Well of course that I am only new borrowing.

1085
00:52:09,520 --> 00:52:12,200
Speaker 7: No, No, We're going to stick to the allowances that

1086
00:52:12,320 --> 00:52:15,960
Speaker 7: we have seeings operating allowance and the indications that we've

1087
00:52:16,040 --> 00:52:19,040
Speaker 7: made there. I see those as a ceiling. I don't

1088
00:52:19,080 --> 00:52:22,040
Speaker 7: want to exceed those. I'm very conscious of New Zealand's

1089
00:52:22,080 --> 00:52:25,400
Speaker 7: our net debt position, which has climbed dramatically at more

1090
00:52:25,440 --> 00:52:27,960
Speaker 7: than doubled under labor when up one hundred billion dollars

1091
00:52:28,040 --> 00:52:30,120
Speaker 7: don't have very much to show for that, and so

1092
00:52:30,239 --> 00:52:32,319
Speaker 7: we need to be prudent and careful so that New

1093
00:52:32,360 --> 00:52:35,800
Speaker 7: Zealand is well placed. When global storms such as the

1094
00:52:35,840 --> 00:52:38,160
Speaker 7: one happening right now come along.

1095
00:52:38,080 --> 00:52:40,600
Speaker 2: Does it push out our return to surplus annually?

1096
00:52:42,200 --> 00:52:45,360
Speaker 7: No, because, as I say, we're sticking to our fiscal strategy.

1097
00:52:45,440 --> 00:52:48,600
Speaker 7: The thing that we have decided to do a stick

1098
00:52:48,640 --> 00:52:51,040
Speaker 7: to our intention, which is to manage to hold in

1099
00:52:51,080 --> 00:52:52,800
Speaker 7: such a way that we get back to surplus in

1100
00:52:52,880 --> 00:52:56,040
Speaker 7: twenty seven twenty eight. Of course, I don't control the forecasts.

1101
00:52:56,560 --> 00:52:59,200
Speaker 7: Will world events have an impact on that track.

1102
00:53:00,400 --> 00:53:03,000
Speaker 2: Appreciate your time as always a finance minister, Nikoloulis. I

1103
00:53:03,000 --> 00:53:04,080
Speaker 2: think we've got a good insight there.

1104
00:53:04,120 --> 00:53:08,719
Speaker 1: Sixteen to eight the Mike Hosking Breakfast Full Show podcast

1105
00:53:08,960 --> 00:53:11,399
Speaker 1: on iHeartRadio powered by News Talks.

1106
00:53:11,440 --> 00:53:15,640
Speaker 2: It'd be thirteen. A wife from Mate the blog who's

1107
00:53:15,719 --> 00:53:17,680
Speaker 2: as dumb as a sack of bricks, has been on

1108
00:53:17,800 --> 00:53:18,480
Speaker 2: Fox Business.

1109
00:53:19,120 --> 00:53:22,840
Speaker 21: This is one of the greatest days in American economic

1110
00:53:23,040 --> 00:53:25,560
Speaker 21: history we have had. I think we're going to call

1111
00:53:25,640 --> 00:53:30,160
Speaker 21: it the Art of the Reciprocal Trade Deal. And I'll

1112
00:53:30,239 --> 00:53:32,560
Speaker 21: tell you all the nervous. Now he's on Wall Street

1113
00:53:33,000 --> 00:53:37,719
Speaker 21: who try to undermine us, consistently underestimate the power of

1114
00:53:37,840 --> 00:53:41,760
Speaker 21: the president to negotiate Dow fifty thousand.

1115
00:53:41,920 --> 00:53:45,360
Speaker 2: Dalosk dow fifty thousand. It's not at fifty thousand. What

1116
00:53:45,400 --> 00:53:48,080
Speaker 2: he's suggesting is will go through fifty thousand. I was

1117
00:53:48,120 --> 00:53:51,040
Speaker 2: watching a couple of interviews yesterday. There's a big crypto

1118
00:53:51,480 --> 00:53:53,640
Speaker 2: thing in Paris. At the moment they wricking crypto is

1119
00:53:53,640 --> 00:53:55,000
Speaker 2: going to be two hundred thousand by the end of

1120
00:53:55,000 --> 00:53:58,080
Speaker 2: the year. So a lot of interesting views out there

1121
00:53:58,160 --> 00:54:01,360
Speaker 2: are speaking of interesting views, Miss tem Paul, question for

1122
00:54:01,440 --> 00:54:05,120
Speaker 2: you this morning, who's the bigger weirdo? TAMOTHA Paul or

1123
00:54:05,400 --> 00:54:08,799
Speaker 2: mister Doyle who turned up yesterday? And I'm not sure

1124
00:54:08,840 --> 00:54:11,520
Speaker 2: what he did yesterday certainly didn'thance his reputation. I can

1125
00:54:11,560 --> 00:54:14,279
Speaker 2: tell you that for nothing. Anyway, Tamoth has decided to

1126
00:54:14,880 --> 00:54:16,680
Speaker 2: I mean this comes out of Hipkins, of course, who

1127
00:54:16,719 --> 00:54:19,320
Speaker 2: picked up the phone to Marrama after calling Tamoth a

1128
00:54:19,400 --> 00:54:23,640
Speaker 2: stupid and her ideas about defunding the police stupid. Anyway,

1129
00:54:23,680 --> 00:54:26,160
Speaker 2: they sorted it all out, Everything's okay. But then then

1130
00:54:26,239 --> 00:54:28,520
Speaker 2: then Tamith tad Tamotha goes on the podcast.

1131
00:54:29,680 --> 00:54:31,880
Speaker 24: The thing with law and order in Labor is that

1132
00:54:32,080 --> 00:54:35,200
Speaker 24: my expectations and was were already low. Like when I

1133
00:54:35,280 --> 00:54:37,880
Speaker 24: became an MP. They we were just wrapping up the

1134
00:54:37,960 --> 00:54:41,399
Speaker 24: ram Raid Bill, which they created before the twenty twenty

1135
00:54:41,440 --> 00:54:43,680
Speaker 24: three election as a last ditch attempt to win Middle

1136
00:54:43,719 --> 00:54:46,920
Speaker 24: New Zealand votes by punishing our kids. And so it's

1137
00:54:46,960 --> 00:54:50,800
Speaker 24: not like my expectations of Labour's criminal justice policies was

1138
00:54:50,840 --> 00:54:52,680
Speaker 24: high in the first place. So I wasn't even surprised

1139
00:54:52,719 --> 00:54:54,759
Speaker 24: when I read Chippy's comments on I thought, that is

1140
00:54:54,800 --> 00:54:56,840
Speaker 24: an area that we need to pull them closer to

1141
00:54:56,920 --> 00:54:57,440
Speaker 24: the evidence.

1142
00:54:59,200 --> 00:55:02,360
Speaker 2: It's going to get well in the Labor Party meantime.

1143
00:55:02,400 --> 00:55:04,920
Speaker 2: And of course Mark, as in the police Minister Mitchell,

1144
00:55:05,000 --> 00:55:06,040
Speaker 2: he hasn't got a clue either.

1145
00:55:06,280 --> 00:55:09,280
Speaker 24: Well, I would be far more intelligent than Mark Mature.

1146
00:55:09,320 --> 00:55:12,640
Speaker 24: I mean, the guy doesn't even know what systemic bias

1147
00:55:12,880 --> 00:55:15,920
Speaker 24: is and he never has anything intelligent to say. The

1148
00:55:16,040 --> 00:55:19,080
Speaker 24: police do really a world class job, Like that's all

1149
00:55:19,120 --> 00:55:19,960
Speaker 24: he says every time.

1150
00:55:20,520 --> 00:55:21,480
Speaker 2: How would she be different?

1151
00:55:21,560 --> 00:55:21,680
Speaker 25: Then?

1152
00:55:22,360 --> 00:55:25,320
Speaker 24: I think it's that space that lies within that discretion

1153
00:55:25,760 --> 00:55:28,080
Speaker 24: is where you're getting all of the bad outcomes. Because

1154
00:55:28,120 --> 00:55:31,680
Speaker 24: you're leaving it to like regular people to make judgments

1155
00:55:32,120 --> 00:55:34,880
Speaker 24: about other human beings that I don't think they're capable

1156
00:55:34,920 --> 00:55:37,640
Speaker 24: of making. And that is why you see an overrepresentation

1157
00:55:37,800 --> 00:55:39,840
Speaker 24: of some people with the police and others not.

1158
00:55:40,560 --> 00:55:43,520
Speaker 2: I wonder if they showed her the poll that came

1159
00:55:43,560 --> 00:55:45,959
Speaker 2: out yesterday that said she's talking completely out of crap

1160
00:55:46,640 --> 00:55:48,960
Speaker 2: anyway as regards people feeling safe with the police. But

1161
00:55:49,120 --> 00:55:50,200
Speaker 2: does she see the billboards.

1162
00:55:50,560 --> 00:55:53,719
Speaker 24: I don't think they understand how these kinds of things backfire.

1163
00:55:53,800 --> 00:55:56,040
Speaker 6: But for me, I was like mean free promo shot.

1164
00:55:59,200 --> 00:56:01,480
Speaker 2: So I once again ask you the question, mister Doyle

1165
00:56:02,239 --> 00:56:05,120
Speaker 2: or Miss Paul. Ten minutes away from.

1166
00:56:05,040 --> 00:56:09,919
Speaker 1: It, the Mic Hosking Breakfast with Vida Retirement Communities News

1167
00:56:10,000 --> 00:56:10,719
Speaker 1: togs had been.

1168
00:56:10,719 --> 00:56:13,600
Speaker 2: The seven away from We lost John Mayhew yesterday. Sadly,

1169
00:56:13,680 --> 00:56:15,520
Speaker 2: Doc was a familiar voice, of course on this station.

1170
00:56:15,640 --> 00:56:17,319
Speaker 2: He was a long serving All Blacks doc to spent

1171
00:56:17,400 --> 00:56:19,520
Speaker 2: time with North Harbor, the Blues and the Warriors. The

1172
00:56:19,560 --> 00:56:21,720
Speaker 2: All Black stint was between eighty eight and two thousand

1173
00:56:21,760 --> 00:56:24,960
Speaker 2: and four, which encompassed most of Sean Fitzpatrick's career. He

1174
00:56:25,080 --> 00:56:26,480
Speaker 2: was there for one hundred and thirty one test more

1175
00:56:26,480 --> 00:56:28,879
Speaker 2: than two hundred matches than Shawn's with us Morning Mate,

1176
00:56:30,160 --> 00:56:33,560
Speaker 2: Morning Mike, sixty nine to seventy. It's not right, is it.

1177
00:56:35,400 --> 00:56:38,560
Speaker 26: No, it's a very very sad day. I'll wake up

1178
00:56:38,600 --> 00:56:41,719
Speaker 26: this morning and had a number of messages on my

1179
00:56:41,800 --> 00:56:44,840
Speaker 26: phone about per Old John And to be honest, it

1180
00:56:44,920 --> 00:56:48,080
Speaker 26: sort of brought a smile from my face because he

1181
00:56:48,080 --> 00:56:50,839
Speaker 26: has such a such a big presence in my life.

1182
00:56:50,960 --> 00:56:54,600
Speaker 26: He was my doctor for almost over forty years. I

1183
00:56:54,760 --> 00:56:58,920
Speaker 26: was there for nearly all my all black career. Just

1184
00:56:59,280 --> 00:57:01,719
Speaker 26: a very very special in his isleander.

1185
00:57:01,680 --> 00:57:03,920
Speaker 2: And a lovely blo. I mean it's one thing to

1186
00:57:04,000 --> 00:57:07,239
Speaker 2: be the all blacks doctor, but a nice guy with it.

1187
00:57:08,800 --> 00:57:14,160
Speaker 26: Yeah, a lovely man, a confidante, very calm, managed to

1188
00:57:14,200 --> 00:57:19,800
Speaker 26: bring humor two very tense situations. But yes, other said,

1189
00:57:19,880 --> 00:57:23,640
Speaker 26: just the most wonderful human being and sadly missed this

1190
00:57:24,040 --> 00:57:24,880
Speaker 26: far too young to go.

1191
00:57:25,400 --> 00:57:28,080
Speaker 2: What was his role on the field, because I assume

1192
00:57:28,160 --> 00:57:30,320
Speaker 2: at that level he sprays on more than just water.

1193
00:57:32,440 --> 00:57:36,480
Speaker 26: Yes, well, he put a lot of stitches in my body,

1194
00:57:37,040 --> 00:57:40,240
Speaker 26: that's for sure, over the years. But yes, I said,

1195
00:57:40,280 --> 00:57:43,360
Speaker 26: just that calming influence. Had had a real feel for

1196
00:57:43,440 --> 00:57:46,160
Speaker 26: the game. And you think back to those early sort

1197
00:57:46,200 --> 00:57:47,960
Speaker 26: of days in his career in the sort of mid

1198
00:57:48,040 --> 00:57:52,200
Speaker 26: eighties tour to Australian eighty eight. It was him and

1199
00:57:52,400 --> 00:57:55,360
Speaker 26: him and Abbo with the two medical persons and then

1200
00:57:55,400 --> 00:57:57,960
Speaker 26: we had a manager and that was it basically. So

1201
00:57:58,120 --> 00:58:01,040
Speaker 26: he was very much part of part of the team

1202
00:58:02,120 --> 00:58:03,160
Speaker 26: on and off the field.

1203
00:58:03,520 --> 00:58:05,720
Speaker 2: He was very open about the heart condition too, wasn't

1204
00:58:05,760 --> 00:58:07,880
Speaker 2: I remember when he had had an attack he sort

1205
00:58:07,880 --> 00:58:10,800
Speaker 2: of went public with it and encourage people to get

1206
00:58:10,920 --> 00:58:12,680
Speaker 2: checked and look after your health and all that sort

1207
00:58:12,680 --> 00:58:14,320
Speaker 2: of stuff which is invaluable.

1208
00:58:15,440 --> 00:58:16,080
Speaker 17: Yeah, very much.

1209
00:58:16,160 --> 00:58:16,520
Speaker 27: So he was.

1210
00:58:16,680 --> 00:58:19,200
Speaker 26: You know, he was a very very fit man and

1211
00:58:19,320 --> 00:58:22,120
Speaker 26: it was such surprise when he when he had that

1212
00:58:22,200 --> 00:58:25,560
Speaker 26: heart attack a couple of years ago. But you know,

1213
00:58:25,800 --> 00:58:29,240
Speaker 26: obviously our thoughts very much for this family and with

1214
00:58:29,360 --> 00:58:32,240
Speaker 26: Sue and the kids, and you know, as I said,

1215
00:58:32,320 --> 00:58:35,480
Speaker 26: it was just a very sad time to wake up

1216
00:58:35,520 --> 00:58:39,040
Speaker 26: this morning. But you know, the underlying feeling of Doc May,

1217
00:58:39,080 --> 00:58:42,919
Speaker 26: who was the lovely, lovely memories and such a such

1218
00:58:43,240 --> 00:58:45,760
Speaker 26: a confidante to so many people.

1219
00:58:46,240 --> 00:58:48,520
Speaker 2: Said, Sean loves to catch up. Appreciate it very much.

1220
00:58:48,560 --> 00:58:50,920
Speaker 2: Sean Fitzpatrick, who was I think he's with us out

1221
00:58:50,920 --> 00:58:55,280
Speaker 2: of France this morning, four minutes away from eight pasking

1222
00:58:56,760 --> 00:58:58,360
Speaker 2: is this a sign of the times or can we

1223
00:58:58,760 --> 00:59:02,160
Speaker 2: sort of realistically never expect them to come again. Garga

1224
00:59:02,400 --> 00:59:06,040
Speaker 2: yesterday announced the tour of Australia, the Mayhem Tour. She

1225
00:59:06,120 --> 00:59:07,840
Speaker 2: hasn't been there for about a decade, which means she

1226
00:59:07,880 --> 00:59:09,800
Speaker 2: hasn't been here for about a decade. I went saw

1227
00:59:09,800 --> 00:59:12,280
Speaker 2: her last time she was here. She was phenomenal as

1228
00:59:12,320 --> 00:59:14,600
Speaker 2: far as the show's concerned. She was at Sparkle Victor

1229
00:59:14,680 --> 00:59:16,080
Speaker 2: or whatever they were calling it at the time. The

1230
00:59:16,120 --> 00:59:18,400
Speaker 2: place was packed and that was great. But she is

1231
00:59:18,400 --> 00:59:22,920
Speaker 2: at Coachella this weekend. She's got big stadium shows in Mexico, Singapore,

1232
00:59:22,960 --> 00:59:26,080
Speaker 2: there's got the Coca Cabana Beach, the Freebie, so that'll

1233
00:59:26,120 --> 00:59:30,320
Speaker 2: go off. That'll be amazing. But she's coming to Brisbane, Sydney, Melbourne.

1234
00:59:30,400 --> 00:59:34,520
Speaker 2: But it's stadiums, and we do stadium so I was

1235
00:59:34,600 --> 00:59:37,680
Speaker 2: sort of hoping yesterday that because they get dubtailed when

1236
00:59:37,680 --> 00:59:39,840
Speaker 2: they announce Australia, they announced New Zealand but nothing on

1237
00:59:39,960 --> 00:59:44,000
Speaker 2: New Zealand, which means it's a tea swizzer. As far

1238
00:59:44,080 --> 00:59:47,360
Speaker 2: as I can work out, you're gonna have to book

1239
00:59:47,360 --> 00:59:49,080
Speaker 2: your tickets. You're gonna have to go grab a seat.

1240
00:59:49,920 --> 00:59:50,960
Speaker 3: You see how you go with that.

1241
00:59:51,480 --> 00:59:53,680
Speaker 2: Let's talk F one. Peter Windsay is back with us

1242
00:59:53,720 --> 00:59:55,240
Speaker 2: from Spain. After the news.

1243
00:59:56,560 --> 01:00:01,120
Speaker 1: Make cos game will been safeful, engaging and vital the

1244
01:00:01,360 --> 01:00:05,360
Speaker 1: mic asking breakfast with the range Rover Villa designed to

1245
01:00:05,560 --> 01:00:07,120
Speaker 1: intrigue and use togs dead b.

1246
01:00:10,080 --> 01:00:12,480
Speaker 2: It is seven past eight. The good news from the

1247
01:00:12,600 --> 01:00:14,160
Speaker 2: F one is we're in the middle of a three

1248
01:00:14,240 --> 01:00:16,680
Speaker 2: header Japan last weekend. Of course, this weekend we're heading

1249
01:00:16,720 --> 01:00:18,720
Speaker 2: to bah Rain before we head to Sardi next weekend.

1250
01:00:19,360 --> 01:00:21,640
Speaker 2: The thinking is that gives Liam Lawson in time to

1251
01:00:21,680 --> 01:00:23,240
Speaker 2: adjust to the new car, as well as dealing with

1252
01:00:23,320 --> 01:00:25,360
Speaker 2: the tracks he knows. Of course, we promised to get

1253
01:00:25,360 --> 01:00:28,160
Speaker 2: Peter Winsor back on. He's a former Williams team manager

1254
01:00:28,280 --> 01:00:30,720
Speaker 2: when they won both the Constructors and the Driver's championships,

1255
01:00:30,720 --> 01:00:32,080
Speaker 2: so he's next wert in the field, knows what he's

1256
01:00:32,120 --> 01:00:34,479
Speaker 2: talking about. He's with us once again from Spain.

1257
01:00:34,560 --> 01:00:37,560
Speaker 25: Peter Winter Morning, Good morning to you, Thanks for thanks

1258
01:00:37,600 --> 01:00:39,080
Speaker 25: for having me on the show. Not at all.

1259
01:00:39,160 --> 01:00:41,320
Speaker 2: Let's start with our obsession in this part of the world,

1260
01:00:41,360 --> 01:00:43,920
Speaker 2: the Liam's story. How much of last weekend was him?

1261
01:00:44,000 --> 01:00:46,240
Speaker 2: How much was the strategy, how much was the car?

1262
01:00:46,360 --> 01:00:46,840
Speaker 2: Do you think?

1263
01:00:49,120 --> 01:00:53,360
Speaker 6: I think so it was him? Act. Yeah, the only

1264
01:00:53,440 --> 01:00:55,080
Speaker 6: yardstick you have is your teammate.

1265
01:00:55,160 --> 01:00:57,400
Speaker 25: In Formula One, there's two cars in every team, they're

1266
01:00:57,440 --> 01:01:00,160
Speaker 25: both basically identical, and.

1267
01:01:01,840 --> 01:01:04,680
Speaker 6: You've got to judge what you're doing alongside the guy

1268
01:01:04,720 --> 01:01:06,360
Speaker 6: you don't want to be beaten by. Is your teammate.

1269
01:01:06,440 --> 01:01:11,240
Speaker 25: Bottom line, And although Liam could take a little bit

1270
01:01:11,280 --> 01:01:14,160
Speaker 25: of satisfaction I think from out qualifying Yuki Sonoda, who

1271
01:01:14,240 --> 01:01:17,920
Speaker 25: was in the A team, that they are different cars,

1272
01:01:18,000 --> 01:01:21,400
Speaker 25: as Liam well knows, and his only yardstick was is

1273
01:01:21,480 --> 01:01:24,480
Speaker 25: Zak Haja in the in the B team and Isak

1274
01:01:24,680 --> 01:01:27,400
Speaker 25: and sadly looked a lot better than Liam all weekend.

1275
01:01:27,800 --> 01:01:31,520
Speaker 2: Can we cut Liam some slack, given he's reacquainting himself

1276
01:01:31,560 --> 01:01:34,040
Speaker 2: with the Karen I look at somebody like Carlos, for example,

1277
01:01:34,080 --> 01:01:36,840
Speaker 2: who's still struggling with was Williams, and maybe give him

1278
01:01:36,840 --> 01:01:39,000
Speaker 2: a couple of more weekends before we make that direct

1279
01:01:39,000 --> 01:01:39,800
Speaker 2: comparison or not.

1280
01:01:41,480 --> 01:01:44,800
Speaker 25: I think I think you can say that goes on,

1281
01:01:45,040 --> 01:01:48,320
Speaker 25: Liam will drive better and better and we'll see a

1282
01:01:48,400 --> 01:01:51,360
Speaker 25: lot of the old Liam that we saw last year.

1283
01:01:52,320 --> 01:01:54,440
Speaker 6: Whether or not that Liam is now going to be

1284
01:01:54,480 --> 01:01:56,520
Speaker 6: good enough to beat his teammate is.

1285
01:01:56,520 --> 01:02:00,680
Speaker 25: Zak Haja, who's a driver of enormous talent quite clearly

1286
01:02:01,280 --> 01:02:05,560
Speaker 25: is another matter. So there's a two different answers really,

1287
01:02:06,240 --> 01:02:08,320
Speaker 25: and I think you have to take into account that

1288
01:02:08,720 --> 01:02:11,080
Speaker 25: Suzuka is a driver's circuit. It's a circuit where a

1289
01:02:11,200 --> 01:02:14,080
Speaker 25: driver can impart more into the car than he can

1290
01:02:14,760 --> 01:02:18,200
Speaker 25: for example, at Bahrain where we're racing this weekend, and

1291
01:02:18,440 --> 01:02:21,400
Speaker 25: on that circuit as a rookie, is a agile was

1292
01:02:21,480 --> 01:02:25,560
Speaker 25: unbelievably good and that's something Liam needs to be really

1293
01:02:25,600 --> 01:02:26,080
Speaker 25: focused on.

1294
01:02:26,440 --> 01:02:28,040
Speaker 2: Let me come back to that. In the moment Helmet

1295
01:02:28,120 --> 01:02:30,800
Speaker 2: Marco suggested that Liam needs to score some points this

1296
01:02:31,000 --> 01:02:33,680
Speaker 2: weekend and next. Is that fair or is that the

1297
01:02:33,760 --> 01:02:34,880
Speaker 2: old red bull pressure?

1298
01:02:35,360 --> 01:02:37,800
Speaker 6: Well, it's fair, but it's kind of stating the obvious,

1299
01:02:37,840 --> 01:02:38,080
Speaker 6: isn't it.

1300
01:02:38,120 --> 01:02:40,240
Speaker 25: I think Liam, like the racing driver, it goes into

1301
01:02:40,280 --> 01:02:43,120
Speaker 25: every Grand Prix knowing that they've got the score points

1302
01:02:43,200 --> 01:02:45,400
Speaker 25: and wanted to score points. So there's nothing new there,

1303
01:02:45,480 --> 01:02:47,920
Speaker 25: and all Marco is doing is just stating the obvious

1304
01:02:48,560 --> 01:02:53,400
Speaker 25: that you know, it would make sense if Liam had said, actually,

1305
01:02:53,440 --> 01:02:54,960
Speaker 25: I don't think I want to score any points in

1306
01:02:55,080 --> 01:02:57,200
Speaker 25: Bahrain or Saudi Arabia. I'm not going to go for

1307
01:02:57,280 --> 01:02:59,480
Speaker 25: the points at all. I mean, then you could possibly

1308
01:02:59,600 --> 01:03:03,000
Speaker 25: say Home Market's comment makes sense, but Liam is not

1309
01:03:03,120 --> 01:03:05,160
Speaker 25: saying that any more than anybody else would ever say that.

1310
01:03:05,240 --> 01:03:07,080
Speaker 25: So I don't really understand what it's all about. Obviously,

1311
01:03:07,120 --> 01:03:09,960
Speaker 25: Liam's giving it one hundred percent every weekend, doing.

1312
01:03:09,840 --> 01:03:10,520
Speaker 6: The best he can.

1313
01:03:11,120 --> 01:03:13,160
Speaker 25: But I would say it's very lost at the moment

1314
01:03:13,280 --> 01:03:16,200
Speaker 25: because you know, the season started badly with the A

1315
01:03:16,360 --> 01:03:18,320
Speaker 25: team and now with this young.

1316
01:03:18,280 --> 01:03:21,120
Speaker 6: Rookie alongside him, he's getting blown away and that's a

1317
01:03:21,160 --> 01:03:21,760
Speaker 6: big problem.

1318
01:03:21,880 --> 01:03:24,240
Speaker 2: You're speaking so well of Heger Hedger, I wonder if

1319
01:03:24,280 --> 01:03:26,680
Speaker 2: he's flying slightly under the radar, because if you want

1320
01:03:26,720 --> 01:03:29,360
Speaker 2: to talk about talented rookies, Antonelli seems to be getting

1321
01:03:29,360 --> 01:03:30,480
Speaker 2: all the headlines.

1322
01:03:30,560 --> 01:03:33,840
Speaker 25: Well incorrectly so because Antonelli is in a factory Mercedes

1323
01:03:33,920 --> 01:03:35,840
Speaker 25: and you know he should be doing that.

1324
01:03:35,920 --> 01:03:37,040
Speaker 6: Well, it's a very good car.

1325
01:03:37,520 --> 01:03:41,479
Speaker 25: But if you look at where the other other B team,

1326
01:03:41,560 --> 01:03:43,840
Speaker 25: you know, the racing bulls is, where is it.

1327
01:03:43,920 --> 01:03:45,440
Speaker 6: It's in the hands of Liam Lawson and look what

1328
01:03:45,560 --> 01:03:46,680
Speaker 6: is zak Haja is doing with it?

1329
01:03:46,760 --> 01:03:50,000
Speaker 25: That is Zac Hadjo's performance actually was much more meritorious

1330
01:03:50,160 --> 01:03:55,280
Speaker 25: than Kimi Antonelli's in opinion in Japan for sure. And

1331
01:03:56,520 --> 01:03:58,800
Speaker 25: obviously the Mercedes is a better car, It's a better team,

1332
01:03:59,080 --> 01:04:02,800
Speaker 25: huge budget, huge operation. This is the Bee Red team.

1333
01:04:02,840 --> 01:04:05,920
Speaker 25: You know, Red Bull be team. So you know you've

1334
01:04:06,000 --> 01:04:09,560
Speaker 25: got to be nothing but impressed with isak Haja. He

1335
01:04:09,680 --> 01:04:11,280
Speaker 25: was a great driver to walks. And it's not only

1336
01:04:11,320 --> 01:04:14,680
Speaker 25: the results, it's the way he drives. I mean the

1337
01:04:14,800 --> 01:04:18,800
Speaker 25: way he he was showing up a lot of very

1338
01:04:19,040 --> 01:04:21,880
Speaker 25: very experienced, very very good racing drivers. I've been looking

1339
01:04:21,880 --> 01:04:24,280
Speaker 25: at a picture today of him when he was leading

1340
01:04:24,640 --> 01:04:27,360
Speaker 25: Lewis Hamilton at one point, and he's got his car

1341
01:04:27,520 --> 01:04:30,720
Speaker 25: in such a nice position compared with Lewis going up

1342
01:04:30,760 --> 01:04:33,959
Speaker 25: through the s and that sort of detail you would

1343
01:04:34,000 --> 01:04:36,120
Speaker 25: not expect of a rookie, to be honest, and that's

1344
01:04:36,120 --> 01:04:37,040
Speaker 25: another problem for Lin.

1345
01:04:37,120 --> 01:04:38,360
Speaker 6: Now, this guy is really good.

1346
01:04:38,880 --> 01:04:41,320
Speaker 2: Is he so good that of Sonoda? Isn't he's the

1347
01:04:41,560 --> 01:04:43,920
Speaker 2: third player for Red Bull this season? Or is that

1348
01:04:44,120 --> 01:04:44,840
Speaker 2: just too crazy?

1349
01:04:45,560 --> 01:04:45,680
Speaker 14: Oh?

1350
01:04:45,960 --> 01:04:49,080
Speaker 25: I think Red Bull would already be thinking, Wow, we've

1351
01:04:49,120 --> 01:04:51,960
Speaker 25: got somebody very special here and great that he's going

1352
01:04:52,000 --> 01:04:53,880
Speaker 25: to do a year now in the B team, But

1353
01:04:54,280 --> 01:04:55,800
Speaker 25: we need to be thinking about him for the O

1354
01:04:55,920 --> 01:04:56,560
Speaker 25: team next year.

1355
01:04:56,640 --> 01:04:58,320
Speaker 6: Yeah, I'm sure already they'll be thinking that.

1356
01:04:59,040 --> 01:05:01,600
Speaker 2: I tell you what exciting to tell me if I'm wrong.

1357
01:05:01,640 --> 01:05:03,360
Speaker 2: But the season so far is brilliant. This is this

1358
01:05:03,480 --> 01:05:05,920
Speaker 2: McLaren thing we saw in Japan and presumably it's going

1359
01:05:06,000 --> 01:05:07,720
Speaker 2: to be a talking point in bar Rain this weekend

1360
01:05:07,760 --> 01:05:09,680
Speaker 2: as well. These Papaya rules and what you do with

1361
01:05:09,760 --> 01:05:11,680
Speaker 2: pstre and who's got bit of pace? And do you

1362
01:05:11,800 --> 01:05:14,720
Speaker 2: chase down the step? And was that a mistake? Did

1363
01:05:14,760 --> 01:05:15,280
Speaker 2: they blow that?

1364
01:05:15,760 --> 01:05:19,360
Speaker 25: In my opinion they did because I think there's a

1365
01:05:19,400 --> 01:05:22,160
Speaker 25: lot of downside in running two very quick drivers in

1366
01:05:22,240 --> 01:05:26,000
Speaker 25: a team because it detracts from one driver. If you've

1367
01:05:26,000 --> 01:05:28,200
Speaker 25: got a Lando Norris, you don't really need somebody as

1368
01:05:28,240 --> 01:05:30,200
Speaker 25: good as Oscar in the other car, and vice versa.

1369
01:05:30,360 --> 01:05:33,040
Speaker 25: You put somebody's a little bit easier to handle, Somebody

1370
01:05:33,120 --> 01:05:35,360
Speaker 25: like say Daniel Ricardo with a bit was a perfect

1371
01:05:35,400 --> 01:05:38,320
Speaker 25: teammate to Lando. But they went this route of having

1372
01:05:38,400 --> 01:05:41,480
Speaker 25: somebody very very quick with the other car, and there

1373
01:05:41,480 --> 01:05:43,640
Speaker 25: are a lot of downsides and he took points from

1374
01:05:43,720 --> 01:05:45,000
Speaker 25: Lando last year for sure.

1375
01:05:47,000 --> 01:05:49,800
Speaker 6: The upside is that in a situation they were in Japan.

1376
01:05:50,160 --> 01:05:54,200
Speaker 25: There was a perfect situation there for McLaren to say

1377
01:05:54,240 --> 01:05:56,960
Speaker 25: to Lando, Okay, let Oscar pass.

1378
01:05:57,080 --> 01:05:58,240
Speaker 6: We're going to give in twenty.

1379
01:05:58,080 --> 01:06:02,320
Speaker 25: Laps to wear down Max, and we'll tell him to

1380
01:06:02,400 --> 01:06:04,840
Speaker 25: let you get in front again towards the ender race.

1381
01:06:05,160 --> 01:06:07,200
Speaker 25: You can win the race, but he's going to He's

1382
01:06:07,200 --> 01:06:09,640
Speaker 25: got more in his crrent moment. He can push Max

1383
01:06:09,640 --> 01:06:11,800
Speaker 25: a bit harder or get Max to use up his

1384
01:06:12,000 --> 01:06:14,320
Speaker 25: tires and then New Lando can win the race. That

1385
01:06:14,360 --> 01:06:17,520
Speaker 25: would have been a really clever strategy and they could

1386
01:06:17,560 --> 01:06:17,920
Speaker 25: easily have.

1387
01:06:17,960 --> 01:06:19,320
Speaker 6: Done that, but they didn't.

1388
01:06:19,360 --> 01:06:21,280
Speaker 25: They just let them both sit there and they were

1389
01:06:21,400 --> 01:06:23,840
Speaker 25: like sort of rabbit called in the headlight, didn't know

1390
01:06:23,880 --> 01:06:26,040
Speaker 25: what to do, and they were just both going around.

1391
01:06:26,560 --> 01:06:29,600
Speaker 6: You know. Obviously Oscar wanted to get to up the pace.

1392
01:06:30,080 --> 01:06:33,200
Speaker 25: Lando was sort of mesmerized into thinking that Max might

1393
01:06:33,280 --> 01:06:36,160
Speaker 25: make some sort of mistake or something. I didn't want

1394
01:06:36,160 --> 01:06:38,160
Speaker 25: to get too close to him because it's dirty air

1395
01:06:38,240 --> 01:06:40,760
Speaker 25: and it damages the front tires, et cetera, and the

1396
01:06:40,840 --> 01:06:43,560
Speaker 25: front wing, and so they went round and round and round,

1397
01:06:43,600 --> 01:06:45,600
Speaker 25: and it was it was a lost opportunity for McLaren.

1398
01:06:45,720 --> 01:06:47,800
Speaker 6: Yet again, if you're going to have two quick guys, use.

1399
01:06:47,720 --> 01:06:49,600
Speaker 2: Them, it makes sense. Listen, hollow make will come back

1400
01:06:49,600 --> 01:06:52,280
Speaker 2: in a moment. Peter Winsor, former William's team manager, with

1401
01:06:52,440 --> 01:06:55,440
Speaker 2: us out of Spain this morning thirteen past the Mic.

1402
01:06:55,360 --> 01:07:00,320
Speaker 1: Asking Breakfast Full Show podcast on iHeartRadio coward by Newstalk.

1403
01:07:00,160 --> 01:07:04,560
Speaker 2: Zippy News Talk zibby sixteen past a former Williamsley manager

1404
01:07:04,640 --> 01:07:07,560
Speaker 2: Peter Windsor is with us on excuse me this weekends

1405
01:07:07,560 --> 01:07:09,640
Speaker 2: by Rain. Listen, tell me a bit, a bit different?

1406
01:07:09,720 --> 01:07:12,480
Speaker 2: What's different this weekend? Right in terms of the track,

1407
01:07:12,880 --> 01:07:15,240
Speaker 2: because a lot of people here contact the program, a

1408
01:07:15,280 --> 01:07:17,200
Speaker 2: lot of new if one fans in the country were

1409
01:07:17,200 --> 01:07:19,080
Speaker 2: all fizzed about Lie and were all on board. But

1410
01:07:19,120 --> 01:07:21,320
Speaker 2: they said last week in Suzuka was boring. Might be

1411
01:07:21,360 --> 01:07:23,880
Speaker 2: a great track, but what a boring race? What a precision?

1412
01:07:23,960 --> 01:07:25,000
Speaker 2: What's different this weekend?

1413
01:07:25,320 --> 01:07:26,680
Speaker 25: Well, first of all, I would say it was it

1414
01:07:26,840 --> 01:07:29,560
Speaker 25: was a crawling race because although there were very few overtakes,

1415
01:07:29,600 --> 01:07:32,440
Speaker 25: it was NonStop tension and defense and attack.

1416
01:07:32,520 --> 01:07:33,600
Speaker 6: It was a wonderful race.

1417
01:07:33,720 --> 01:07:36,960
Speaker 25: So that's the first thing to realize about the Japanese

1418
01:07:37,040 --> 01:07:40,280
Speaker 25: Japanese Grand Prix bah Rain easier to overtake. There'll be

1419
01:07:40,280 --> 01:07:42,440
Speaker 25: a lot more overtaking. People will probably say it's more

1420
01:07:42,480 --> 01:07:46,040
Speaker 25: exciting in that sense. It's a bit banal, bit sort

1421
01:07:46,040 --> 01:07:49,520
Speaker 25: of you know, in your face, not really a finesse

1422
01:07:50,240 --> 01:07:53,240
Speaker 25: as a circuit. There's one really nice section of road

1423
01:07:53,360 --> 01:07:56,760
Speaker 25: turn nine, turn ten. The rest of it's fairly basic

1424
01:07:57,000 --> 01:08:00,280
Speaker 25: and even an averagely good racing driver will be pretty

1425
01:08:00,320 --> 01:08:03,560
Speaker 25: quick around there, so you'll see the grid very close,

1426
01:08:03,760 --> 01:08:07,880
Speaker 25: very competitive. Liam would be very near is Zach Hadja there.

1427
01:08:07,920 --> 01:08:10,280
Speaker 25: I suspect he might even be quicker than Haja are there.

1428
01:08:10,320 --> 01:08:13,560
Speaker 25: It's not a circuit where it's particularly demanding in any

1429
01:08:13,600 --> 01:08:16,080
Speaker 25: area apart from turns nine and ten, and they really

1430
01:08:16,120 --> 01:08:18,320
Speaker 25: only come into play during the race when the tiers

1431
01:08:18,320 --> 01:08:20,799
Speaker 25: are going away. Then that corner becomes a great corner.

1432
01:08:21,479 --> 01:08:24,560
Speaker 25: But in terms of qualifying, it'll be defined by the

1433
01:08:24,600 --> 01:08:26,800
Speaker 25: performance of the cars, which cars have got the most

1434
01:08:26,840 --> 01:08:30,599
Speaker 25: efficient downforce, and you'll see them pairing up on the grid,

1435
01:08:30,680 --> 01:08:33,560
Speaker 25: the two you know, the two racing balls, probably the

1436
01:08:33,680 --> 01:08:36,200
Speaker 25: two McLaren's, the two Merks, the two Ferraris.

1437
01:08:36,200 --> 01:08:37,840
Speaker 6: They'll be very near one another. There's not a lot

1438
01:08:37,960 --> 01:08:40,080
Speaker 6: drivers can do that. It's not a driver's circuit really,

1439
01:08:40,080 --> 01:08:42,080
Speaker 6: apart from that nine to ten section.

1440
01:08:42,600 --> 01:08:45,120
Speaker 2: Have you got a sense of the season yet, Peter,

1441
01:08:45,720 --> 01:08:49,479
Speaker 2: drivers versus Constructors any clue or are we still guessing?

1442
01:08:49,880 --> 01:08:50,000
Speaker 25: Oh?

1443
01:08:50,120 --> 01:08:50,960
Speaker 6: I think the season?

1444
01:08:51,960 --> 01:08:54,240
Speaker 25: So the season is McLaren for sure have the best

1445
01:08:54,240 --> 01:08:56,720
Speaker 25: package that probably will have the best package all year.

1446
01:08:57,200 --> 01:08:59,400
Speaker 25: There will be racist when they get it wrong, but

1447
01:08:59,760 --> 01:09:02,160
Speaker 25: it's going to be their championship to lose.

1448
01:09:02,160 --> 01:09:04,479
Speaker 6: Certainly they're going to win the constructors championship. I'd say.

1449
01:09:05,160 --> 01:09:07,080
Speaker 25: The only thing, of course, is that Max is just

1450
01:09:07,280 --> 01:09:09,679
Speaker 25: a much better, not much better, but a better racing

1451
01:09:09,760 --> 01:09:12,760
Speaker 25: driver than both Lando and Oscar, And a good racing

1452
01:09:12,880 --> 01:09:15,800
Speaker 25: driver in an average car probably.

1453
01:09:15,479 --> 01:09:18,679
Speaker 6: About thirty percent time in the season can do something.

1454
01:09:18,760 --> 01:09:21,200
Speaker 25: You know, when it's wet, or it's a circuit like Suzuka,

1455
01:09:21,360 --> 01:09:24,040
Speaker 25: or there's a lot of wind, or something else comes

1456
01:09:24,040 --> 01:09:26,040
Speaker 25: into play, then a guy like Max can do what

1457
01:09:26,120 --> 01:09:29,479
Speaker 25: he can do. But in terms of a straight fight,

1458
01:09:29,760 --> 01:09:31,960
Speaker 25: McClaren by far and away have the best car at

1459
01:09:32,000 --> 01:09:34,439
Speaker 25: the moment, the best package, and it's difficult to see

1460
01:09:34,479 --> 01:09:36,880
Speaker 25: that changing as the season progresses.

1461
01:09:37,320 --> 01:09:39,080
Speaker 2: You've been around a long time and hung out with

1462
01:09:39,120 --> 01:09:41,479
Speaker 2: a lot of really really good drivers. Where do you

1463
01:09:41,560 --> 01:09:43,559
Speaker 2: put the stepping and the grand scheme of things.

1464
01:09:44,040 --> 01:09:46,120
Speaker 6: Well, I put him right up there with the very best.

1465
01:09:47,000 --> 01:09:49,840
Speaker 25: I think that the era in which he races I

1466
01:09:49,920 --> 01:09:51,960
Speaker 25: call it the two pedal era. It's the era in

1467
01:09:52,040 --> 01:09:54,519
Speaker 25: which we no longer have a manual gear shift in

1468
01:09:54,560 --> 01:09:56,880
Speaker 25: the car, the type that Debt and Senna used. We

1469
01:09:56,960 --> 01:09:59,480
Speaker 25: don't have a clutch pedal. There's just two pedals, accelerator

1470
01:09:59,560 --> 01:10:02,960
Speaker 25: and a break. Michael Schumacher was in the middle of

1471
01:10:03,040 --> 01:10:06,360
Speaker 25: the transition to that era, but Max has only known

1472
01:10:06,439 --> 01:10:06,760
Speaker 25: that era.

1473
01:10:06,880 --> 01:10:09,000
Speaker 6: He's probably never changed gear with a clutch in his life.

1474
01:10:09,000 --> 01:10:11,639
Speaker 6: I wouldn't have thought so in that two Feddle era,

1475
01:10:12,040 --> 01:10:14,639
Speaker 6: I would say he is the best driver now for sure.

1476
01:10:14,680 --> 01:10:17,320
Speaker 25: I think Lewis has kind of lost the plot at

1477
01:10:17,360 --> 01:10:19,200
Speaker 25: the moment in terms of where he's going with the

1478
01:10:19,280 --> 01:10:21,160
Speaker 25: car and how to drive the car.

1479
01:10:21,880 --> 01:10:24,599
Speaker 6: And Charlotte Clerk's not far away from Max.

1480
01:10:24,640 --> 01:10:27,680
Speaker 25: I thought he drove beautifully at the weekend sensational drive by,

1481
01:10:28,040 --> 01:10:30,680
Speaker 25: but Clerk, but he's a bit more emotional.

1482
01:10:30,800 --> 01:10:33,040
Speaker 6: He's a bit more you know, he's grown up with

1483
01:10:33,040 --> 01:10:34,080
Speaker 6: the whole Ferrari thing.

1484
01:10:34,240 --> 01:10:36,880
Speaker 25: He's French, you know, he's very prone to all the

1485
01:10:37,120 --> 01:10:40,479
Speaker 25: histrionics and the emotion that comes with that. Whereas Max

1486
01:10:40,520 --> 01:10:42,840
Speaker 25: has had like this copybook career where he's just gone

1487
01:10:42,880 --> 01:10:45,160
Speaker 25: into this beautiful team Red Bull, which is a great

1488
01:10:45,240 --> 01:10:48,400
Speaker 25: race team, and he's Dutch, and he's calm, and he's

1489
01:10:48,560 --> 01:10:50,479
Speaker 25: very simple in the way he goes racing. He doesn't

1490
01:10:50,479 --> 01:10:53,639
Speaker 25: overcomplicate it, he doesn't let the data dominate the way

1491
01:10:53,720 --> 01:10:57,080
Speaker 25: he thinks. He thinks like a racing driver, racing in italics,

1492
01:10:57,400 --> 01:11:00,200
Speaker 25: as I think from a professional Formula one drive. And

1493
01:11:00,280 --> 01:11:02,599
Speaker 25: I think most of the young guys out there aspire

1494
01:11:02,680 --> 01:11:04,960
Speaker 25: these days to be professional Formula one drivers. And that's

1495
01:11:05,080 --> 01:11:08,200
Speaker 25: that's the mistake they made. Too much dated, too much information,

1496
01:11:08,760 --> 01:11:10,040
Speaker 25: not enough gut feel.

1497
01:11:09,920 --> 01:11:12,439
Speaker 2: Exactly, Peter, always a pleasure, appreciate it. We'll get you

1498
01:11:12,520 --> 01:11:15,320
Speaker 2: back on again. Peter Windsor a former Williams team manager

1499
01:11:15,920 --> 01:11:18,559
Speaker 2: out of Spain. This morning. By the way, he does

1500
01:11:18,600 --> 01:11:22,320
Speaker 2: a very good podcast called Short Corners. It's a highly

1501
01:11:22,439 --> 01:11:24,720
Speaker 2: detailed you can be down a rabbit hole there the

1502
01:11:25,240 --> 01:11:27,760
Speaker 2: minutia and F one's for the lovers of F one.

1503
01:11:28,040 --> 01:11:30,120
Speaker 2: So he's got that Short Corners. He's got a YouTube

1504
01:11:30,160 --> 01:11:34,160
Speaker 2: channel called Peter Windsor as well. Surely, Mike, we want

1505
01:11:34,240 --> 01:11:36,519
Speaker 2: passing in a Grand Prix, not a procession. Yeah, it

1506
01:11:36,640 --> 01:11:39,640
Speaker 2: was interesting. He said that it's like it I liken

1507
01:11:39,680 --> 01:11:41,320
Speaker 2: it to five day cricket. You know, the people who

1508
01:11:41,320 --> 01:11:44,320
Speaker 2: are passionate about five day cricket get it, whereas those

1509
01:11:44,320 --> 01:11:46,360
Speaker 2: of us who don't get it look on and go, well,

1510
01:11:46,360 --> 01:11:48,479
Speaker 2: what the hell he's spending five days for? And a

1511
01:11:48,520 --> 01:11:50,400
Speaker 2: lot of the drivers in fact post Japan said what

1512
01:11:50,479 --> 01:11:53,240
Speaker 2: a procession, How boring it was. But for the officionado,

1513
01:11:53,400 --> 01:11:57,800
Speaker 2: the subtlety and nuance, pet strategy, tires, et cetera. What

1514
01:11:57,960 --> 01:11:59,600
Speaker 2: was going on in Japan was interesting, but for the

1515
01:11:59,600 --> 01:12:01,479
Speaker 2: wider world not so much. Good to have them on

1516
01:12:01,560 --> 01:12:01,880
Speaker 2: the program.

1517
01:12:01,960 --> 01:12:06,000
Speaker 3: Make twenty one the Mic Hosking Breakfast with the Range

1518
01:12:06,080 --> 01:12:09,040
Speaker 3: Rover Villa News togs Dead b got some good news.

1519
01:12:09,120 --> 01:12:13,920
Speaker 2: Healthy gut influences everything right from digestion, immunity to brain function,

1520
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Speaker 2: skin health. Lester's Probiotic Plus this is the winning new product,

1521
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Speaker 2: Probiotic Plus. It's from the makers of the renowned Lester's

1522
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Speaker 2: Oil and res. But of course it's got your covered.

1523
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Speaker 2: So not only is Lester's Probiotic Plus formulated with two

1524
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Speaker 2: scientifically researched probiotic strange strains that help maintain and support

1525
01:12:29,360 --> 01:12:32,839
Speaker 2: a healthy gut microbion. But this premium blend also includes

1526
01:12:32,880 --> 01:12:35,639
Speaker 2: four trusted herbal extracts traditionally used to calm and support

1527
01:12:35,640 --> 01:12:39,839
Speaker 2: the digestion. So together it works to support digestive comfort,

1528
01:12:39,920 --> 01:12:43,400
Speaker 2: immune health, sustained energy, helping you stay active and well

1529
01:12:43,479 --> 01:12:46,240
Speaker 2: every day. So combine that with the old favorites, the winners,

1530
01:12:46,280 --> 01:12:48,479
Speaker 2: the Lester's Oil and the reserve that supports you total

1531
01:12:48,520 --> 01:12:51,599
Speaker 2: health and well being. And with these it's all multi benefit.

1532
01:12:51,760 --> 01:12:53,920
Speaker 2: It's all easy to take, it's all wonderful. I read

1533
01:12:53,920 --> 01:12:55,519
Speaker 2: the label take only as directed it of course, but

1534
01:12:55,560 --> 01:12:57,720
Speaker 2: the number, as always is eight hundred triple nine three

1535
01:12:57,760 --> 01:13:00,639
Speaker 2: are nine. Eight hundred triple nine three are nine. Online

1536
01:13:00,680 --> 01:13:02,800
Speaker 2: all the details at about health dot co dot nz.

1537
01:13:03,120 --> 01:13:07,400
Speaker 2: You order your Lester's Probiotic Plus use the code breakfast,

1538
01:13:07,439 --> 01:13:09,760
Speaker 2: and that's critically important because you're going to get free

1539
01:13:09,840 --> 01:13:11,760
Speaker 2: thirty capsule bottle of the Olid Resists. This is what

1540
01:13:11,840 --> 01:13:13,800
Speaker 2: you need at this time of year, the Olid Resist

1541
01:13:13,920 --> 01:13:16,200
Speaker 2: High Strength Immune Support formula. So you got all the

1542
01:13:16,240 --> 01:13:18,160
Speaker 2: good products going on there, but the one to remember

1543
01:13:18,640 --> 01:13:22,680
Speaker 2: is the Lester's Oil Probiotic Plus. It is only from

1544
01:13:22,720 --> 01:13:26,360
Speaker 2: about Health asking twenty five just before we leave Sport

1545
01:13:26,920 --> 01:13:29,559
Speaker 2: Taupo this weekend. Of course, I was thinking about Taupou

1546
01:13:29,680 --> 01:13:35,280
Speaker 2: last night. So the cars leave, the supercars, the cars

1547
01:13:35,400 --> 01:13:37,800
Speaker 2: leave where their bases, their bases depending on where they

1548
01:13:37,840 --> 01:13:39,880
Speaker 2: were last time. They're at Melbourne last time because they're

1549
01:13:39,880 --> 01:13:41,760
Speaker 2: part of the F one so that was several weeks ago.

1550
01:13:42,479 --> 01:13:45,800
Speaker 2: They leave, they would be on a ship and transported

1551
01:13:45,840 --> 01:13:51,240
Speaker 2: to where tower on Auckland where would they land, and

1552
01:13:51,360 --> 01:13:53,880
Speaker 2: then from where they land to get from that port

1553
01:13:53,960 --> 01:13:59,240
Speaker 2: to Taupo, they're trucked. I'm assuming it's quite the logistic exercise.

1554
01:13:59,280 --> 01:14:01,439
Speaker 2: But anyway, I'm reading yesterday and the Herald that it's

1555
01:14:01,479 --> 01:14:04,840
Speaker 2: all decorated, the community events are organized, the hashtag love

1556
01:14:04,920 --> 01:14:07,320
Speaker 2: toau post signs received the big spruce up. It's a

1557
01:14:07,840 --> 01:14:10,120
Speaker 2: it's a huge weekend in the center of the North

1558
01:14:10,120 --> 01:14:13,439
Speaker 2: Island for the supercars. And that's before I come speaking

1559
01:14:13,479 --> 01:14:17,200
Speaker 2: of sport to Rugby Australia, who yesterday cut the next deal.

1560
01:14:17,280 --> 01:14:21,200
Speaker 2: We're sort of standing by for Sky Slash Desione to

1561
01:14:21,800 --> 01:14:24,040
Speaker 2: presumably do some sort of deal with the Rugby Union

1562
01:14:24,080 --> 01:14:26,479
Speaker 2: for the All Blacks going forward. And that's a story.

1563
01:14:26,520 --> 01:14:28,680
Speaker 2: The longer this goes, the more interesting it gets. As

1564
01:14:28,720 --> 01:14:30,519
Speaker 2: far as I can work out, because that was supposed

1565
01:14:30,520 --> 01:14:32,880
Speaker 2: to be sorted ages ago. But Australia Rugby Australia did

1566
01:14:32,920 --> 01:14:37,439
Speaker 2: the deal yesterday. Nine's got it and the Super Rugby

1567
01:14:37,960 --> 01:14:41,560
Speaker 2: implementation is interesting. The amount of money is interesting, and

1568
01:14:41,640 --> 01:14:43,720
Speaker 2: how much more money is in bold is interesting. So

1569
01:14:43,920 --> 01:14:46,160
Speaker 2: Crunchy throw all these specific details there because I wonder

1570
01:14:46,160 --> 01:14:47,639
Speaker 2: if we can learn a little bit of something from

1571
01:14:47,680 --> 01:14:51,000
Speaker 2: Australia's regards Super Rugby. We also, right after the news

1572
01:14:51,080 --> 01:14:52,639
Speaker 2: have Rod Little and he will get us the latest

1573
01:14:52,680 --> 01:14:53,599
Speaker 2: from the UK.

1574
01:14:54,479 --> 01:14:58,880
Speaker 1: News, opinion and everything in between. The Mike Hosking break

1575
01:14:58,920 --> 01:15:02,920
Speaker 1: best with Bailey. It's three estate, your local experts across residential,

1576
01:15:03,000 --> 01:15:05,280
Speaker 1: commercial and rural news togs headb.

1577
01:15:05,320 --> 01:15:08,120
Speaker 2: Yeah, just quickly. So Rugby Australia signed off yesterday. It's

1578
01:15:08,120 --> 01:15:10,360
Speaker 2: an extra sixty five million dollars. It's a new five

1579
01:15:10,479 --> 01:15:14,200
Speaker 2: year broadcast deal with nine. As in Channel nine bonus

1580
01:15:14,280 --> 01:15:16,880
Speaker 2: payments of the Wallabies and Super Rugby sides hit certain

1581
01:15:16,960 --> 01:15:19,840
Speaker 2: targets games and this is the key. Games will no

1582
01:15:20,040 --> 01:15:22,720
Speaker 2: longer be shown on free to wear television's Channel nine,

1583
01:15:23,160 --> 01:15:25,559
Speaker 2: which is a free to air operator. They've got their

1584
01:15:25,680 --> 01:15:28,000
Speaker 2: streaming service stand so they're going to stick it all

1585
01:15:28,040 --> 01:15:30,679
Speaker 2: on stand two hundred and fifteen million dollars in cash

1586
01:15:30,720 --> 01:15:34,400
Speaker 2: and free advertising screen all the Wallabies, wallarooes. The super

1587
01:15:34,479 --> 01:15:37,439
Speaker 2: Rugby fixture is men's and women's competitions, does not include

1588
01:15:37,479 --> 01:15:40,160
Speaker 2: the twenty seven World Cup. That's a separate deal. The

1589
01:15:40,240 --> 01:15:43,120
Speaker 2: previous deal was one fifty so it's gone well one

1590
01:15:43,200 --> 01:15:46,320
Speaker 2: fifty three to two fifteen, so it's been lucrative rugby's

1591
01:15:46,360 --> 01:15:49,479
Speaker 2: and you've got to remember rugby is nothing like rugby

1592
01:15:49,760 --> 01:15:52,160
Speaker 2: is in New Zealand in terms of importance. The AFL

1593
01:15:52,200 --> 01:15:54,559
Speaker 2: and the NRL beat at hands down, so there's still

1594
01:15:54,600 --> 01:15:57,080
Speaker 2: big money in it. But you've got a couple of

1595
01:15:57,160 --> 01:15:59,840
Speaker 2: things there. One there's more money, so that's presumably good

1596
01:15:59,840 --> 01:16:01,760
Speaker 2: for or whoever ends up with the deal with Sky

1597
01:16:02,080 --> 01:16:05,600
Speaker 2: and or Design. But the fact that's gone behind a

1598
01:16:05,640 --> 01:16:09,120
Speaker 2: paywall is interesting. So there's no prime, there's no whatever

1599
01:16:09,160 --> 01:16:11,600
Speaker 2: they call it from Sky Open or whatever that is

1600
01:16:11,680 --> 01:16:13,719
Speaker 2: these days. So well, we'll watch the space with interest

1601
01:16:13,760 --> 01:16:15,839
Speaker 2: in this part of the world. Twenty two minutes away from.

1602
01:16:15,880 --> 01:16:20,200
Speaker 18: Nine International Correspondence with ends in Eye Insurance, Peace of

1603
01:16:20,280 --> 01:16:22,800
Speaker 18: mind for New Zealand business and to the UK we

1604
01:16:22,880 --> 01:16:23,400
Speaker 18: go Rod.

1605
01:16:23,320 --> 01:16:24,920
Speaker 2: Morning, Good Mom, in tune.

1606
01:16:24,960 --> 01:16:25,120
Speaker 6: Mate.

1607
01:16:25,320 --> 01:16:27,120
Speaker 2: We alluded to this the other day and this was

1608
01:16:27,160 --> 01:16:28,600
Speaker 2: sort of all tied up with the tariffs and the

1609
01:16:28,640 --> 01:16:32,160
Speaker 2: Shenanigans and the cataclysmic nonsense. It's unfolding literally in front

1610
01:16:32,200 --> 01:16:33,640
Speaker 2: of our eyes at the moment. But when you've got

1611
01:16:33,680 --> 01:16:36,559
Speaker 2: a thing like National Steel and the problems they've got,

1612
01:16:36,800 --> 01:16:40,200
Speaker 2: do you one do you nationalize them? If you do,

1613
01:16:40,439 --> 01:16:43,040
Speaker 2: at what cost? And three if you've nationalized them, how

1614
01:16:43,080 --> 01:16:44,600
Speaker 2: many other people do you nationalize?

1615
01:16:45,760 --> 01:16:46,479
Speaker 6: Well, it's a.

1616
01:16:46,680 --> 01:16:49,160
Speaker 27: Huge problem for the Labor Party, for the Labor government.

1617
01:16:50,280 --> 01:16:54,840
Speaker 27: Labor previously hasn't nationalized them. Obviously it's in nineteen forty five.

1618
01:16:55,800 --> 01:17:01,400
Speaker 27: But since Milgare attaches denationalization privatization probe in the eighties,

1619
01:17:02,240 --> 01:17:04,720
Speaker 27: there has been no appetite within the labor movement for

1620
01:17:05,000 --> 01:17:09,800
Speaker 27: renationalizing of companies, even if they do occasionally give a

1621
01:17:09,880 --> 01:17:15,519
Speaker 27: genuflection towards renationalizing the utilities. So here we have a

1622
01:17:15,600 --> 01:17:18,360
Speaker 27: case where British Steel, which is owned by a Chinese

1623
01:17:19,680 --> 01:17:24,840
Speaker 27: a company called Yingue, and is going to close down

1624
01:17:24,960 --> 01:17:28,160
Speaker 27: in its main branch at Scunthorpe, which is on Humber Side,

1625
01:17:29,040 --> 01:17:32,880
Speaker 27: with the loss of twenty seven hundred jobs. That's kind

1626
01:17:32,920 --> 01:17:35,400
Speaker 27: of the main branch of our steel industry at the moment,

1627
01:17:35,439 --> 01:17:38,080
Speaker 27: which shows how much it has declined in recent years.

1628
01:17:38,600 --> 01:17:41,120
Speaker 27: And my suspicion is that in the end the government

1629
01:17:41,280 --> 01:17:45,599
Speaker 27: may well renationalize it, even though it's a cost which

1630
01:17:45,640 --> 01:17:47,800
Speaker 27: we can ill afford at the moment. And there is

1631
01:17:47,840 --> 01:17:51,400
Speaker 27: annoyance obviously at the Chinese company which is running the place,

1632
01:17:51,479 --> 01:17:54,160
Speaker 27: that says it can't get the raw materials it leads,

1633
01:17:55,160 --> 01:17:58,400
Speaker 27: and also an anger up in the north of England,

1634
01:17:58,640 --> 01:18:01,799
Speaker 27: you know that Westcott is, which is to the effect

1635
01:18:02,479 --> 01:18:06,679
Speaker 27: that the government doesn't really care about manufacturing jobs but steel.

1636
01:18:06,880 --> 01:18:10,439
Speaker 27: You know, we do specialized steel production, different sort of

1637
01:18:10,520 --> 01:18:13,680
Speaker 27: steel to the stuff we used to make, and I

1638
01:18:14,000 --> 01:18:17,360
Speaker 27: suspect that the government may be tempted to renationalize for

1639
01:18:17,439 --> 01:18:20,120
Speaker 27: however much that costs. The idea at the moment, Mike,

1640
01:18:20,320 --> 01:18:25,360
Speaker 27: is that is that it's kind of renationalized, but the

1641
01:18:25,479 --> 01:18:28,840
Speaker 27: Chinese company continues to operate the plant, which I would

1642
01:18:28,880 --> 01:18:31,200
Speaker 27: suggest is the worst of both worlds exactly.

1643
01:18:31,320 --> 01:18:35,120
Speaker 2: So what is actually the problem is that Britain can't

1644
01:18:35,240 --> 01:18:39,040
Speaker 2: make steel efficiently and properly, or is this just an

1645
01:18:39,160 --> 01:18:41,920
Speaker 2: individual story of a bed owner who didn't quite do

1646
01:18:42,000 --> 01:18:42,679
Speaker 2: the job properly.

1647
01:18:44,760 --> 01:18:47,600
Speaker 27: It's a little bit of both, but it's also ties in.

1648
01:18:47,760 --> 01:18:52,519
Speaker 27: It's more about cost. What Britain can't do is compete

1649
01:18:52,560 --> 01:18:55,960
Speaker 27: with the really cheap steel made in India and China.

1650
01:18:57,120 --> 01:18:59,640
Speaker 27: But we don't try to so much anymore. That's why

1651
01:18:59,680 --> 01:19:02,000
Speaker 27: all the plants went on Tees side, you know where

1652
01:19:02,040 --> 01:19:05,160
Speaker 27: I am at the moment that there is no steel

1653
01:19:05,479 --> 01:19:10,280
Speaker 27: making facility left here, and there were originally thirty thousand jobs.

1654
01:19:10,720 --> 01:19:14,240
Speaker 27: That's all gone. It's now down to specialist manufacturers. The

1655
01:19:14,320 --> 01:19:16,880
Speaker 27: problem with this company is it's been rather in transitgen

1656
01:19:16,960 --> 01:19:20,040
Speaker 27: saying it simply can't get the raw materials it needs

1657
01:19:20,720 --> 01:19:23,360
Speaker 27: to bring into the country to make the steel, which

1658
01:19:23,840 --> 01:19:27,599
Speaker 27: is a strange it's a strange argument. I haven't got

1659
01:19:27,640 --> 01:19:30,000
Speaker 27: to the bottom of it yet, but I think it's

1660
01:19:30,040 --> 01:19:33,120
Speaker 27: a kind of combination of the two. Other European countries,

1661
01:19:33,160 --> 01:19:37,719
Speaker 27: such as Italy particularly, have continually subsidized their steel industry.

1662
01:19:38,200 --> 01:19:42,719
Speaker 27: We have done no such thing for twenty five years,

1663
01:19:42,960 --> 01:19:45,800
Speaker 27: you know, largely because we were under EU law that

1664
01:19:45,920 --> 01:19:49,519
Speaker 27: we couldn't, but the Italians just ignored that. But also

1665
01:19:49,600 --> 01:19:51,720
Speaker 27: because I don't think there was any I don't think

1666
01:19:51,720 --> 01:19:53,800
Speaker 27: there was any appetite for it in the conservative all

1667
01:19:53,840 --> 01:19:55,000
Speaker 27: aid administrations.

1668
01:19:55,120 --> 01:19:58,880
Speaker 2: Yeah exactly, Hey, in middle bend, how many flights do

1669
01:19:58,960 --> 01:20:01,439
Speaker 2: you need to take as an zero specialist before you're

1670
01:20:01,439 --> 01:20:02,040
Speaker 2: a hypocrite?

1671
01:20:04,120 --> 01:20:07,080
Speaker 27: Well, if it's a domestic flight, I would say one.

1672
01:20:07,640 --> 01:20:09,960
Speaker 27: This is the man who has been telling us, is

1673
01:20:10,080 --> 01:20:13,760
Speaker 27: the Energy secretary who is an eco zelet committed to

1674
01:20:13,840 --> 01:20:18,200
Speaker 27: this net zero idiocy and has been telling British people

1675
01:20:18,280 --> 01:20:23,040
Speaker 27: that they shouldn't take domestic flights. And frankly, as far

1676
01:20:23,080 --> 01:20:26,360
Speaker 27: as that goes, I see his point. There is basically

1677
01:20:26,520 --> 01:20:28,880
Speaker 27: no reason why you would need to take a flight

1678
01:20:28,960 --> 01:20:32,960
Speaker 27: anywhere within Britain. Glasgow to London is cheap and efficient

1679
01:20:33,120 --> 01:20:37,240
Speaker 27: on comparatively cheap and efficient, you know, on a train,

1680
01:20:38,200 --> 01:20:41,479
Speaker 27: and similarly new Castle to London, et cetera. We now

1681
01:20:41,600 --> 01:20:45,280
Speaker 27: find out that his own staff, his own department, have

1682
01:20:45,439 --> 01:20:50,000
Speaker 27: spent forty pounds on domestic flights in six months.

1683
01:20:50,479 --> 01:20:51,600
Speaker 6: I mean, is it is?

1684
01:20:51,840 --> 01:20:54,920
Speaker 27: I think it's a resignation issue, you know. I mean,

1685
01:20:55,120 --> 01:20:58,600
Speaker 27: he simply isn't doing what he's told the country to do.

1686
01:20:58,800 --> 01:21:03,599
Speaker 27: He's done the precise reverse, and it looks really bad,

1687
01:21:04,040 --> 01:21:07,160
Speaker 27: and it militates against all of it. It just adds

1688
01:21:07,240 --> 01:21:10,240
Speaker 27: to this sensation that he kind of lives in a

1689
01:21:10,400 --> 01:21:19,040
Speaker 27: fantasy land where he promotes an ecological approach to transport

1690
01:21:19,560 --> 01:21:22,960
Speaker 27: and to daily living, but which cannot possibly be done.

1691
01:21:23,320 --> 01:21:25,799
Speaker 27: You know that's the effect.

1692
01:21:25,880 --> 01:21:28,280
Speaker 2: It's sad right, always the pleasure. We will catch up

1693
01:21:28,280 --> 01:21:30,200
Speaker 2: with you next Tuesday. Rod Little out of Britain for

1694
01:21:30,280 --> 01:21:33,559
Speaker 2: us this morning, seventeen away from nine Pascal my tribute

1695
01:21:33,560 --> 01:21:36,160
Speaker 2: story about John Mayhew. Back in the eighties. John was

1696
01:21:36,240 --> 01:21:38,240
Speaker 2: my GP when he took over the medical practice and

1697
01:21:38,280 --> 01:21:40,839
Speaker 2: Birkenhead that's in Auckland and nineteen ninety three hours pregnant

1698
01:21:40,880 --> 01:21:43,160
Speaker 2: with my first child. I remember he said if my

1699
01:21:43,240 --> 01:21:46,080
Speaker 2: baby came on time, he'd be there to deliver. If not,

1700
01:21:46,200 --> 01:21:47,800
Speaker 2: he'd have to head off to the All Blacks tour.

1701
01:21:47,920 --> 01:21:50,280
Speaker 2: My daughter arrived exactly on a due date, and John,

1702
01:21:50,360 --> 01:21:53,120
Speaker 2: as promised, was there for the delivery and came to

1703
01:21:53,160 --> 01:21:55,160
Speaker 2: see me every day in hospital until he flew out

1704
01:21:55,160 --> 01:21:57,120
Speaker 2: with the ABS a few days later. I was one

1705
01:21:57,160 --> 01:22:00,599
Speaker 2: of his last obstetric's patients and after that Dups then

1706
01:22:00,640 --> 01:22:03,600
Speaker 2: stopped doing maternity work. We still stayed friends throughout the

1707
01:22:03,680 --> 01:22:05,879
Speaker 2: years due to our love of sport and family connections.

1708
01:22:06,160 --> 01:22:08,840
Speaker 2: He will be so so missed a really special man.

1709
01:22:08,840 --> 01:22:10,720
Speaker 2: It's very nice and thank you for that sixteen too.

1710
01:22:12,720 --> 01:22:17,120
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

1711
01:22:17,200 --> 01:22:18,160
Speaker 1: by News Talks at b.

1712
01:22:19,400 --> 01:22:21,840
Speaker 2: OH Mike, I'm and Liam fan desperately hope he does well.

1713
01:22:21,880 --> 01:22:23,599
Speaker 2: But I worried that all the pressure and negative press

1714
01:22:23,640 --> 01:22:25,519
Speaker 2: that made him lose his edge, the edge that lets

1715
01:22:25,560 --> 01:22:27,800
Speaker 2: you push to the point of failure because he knows

1716
01:22:27,840 --> 01:22:29,840
Speaker 2: that he may be one failure away from his f

1717
01:22:29,920 --> 01:22:31,920
Speaker 2: one dream ending. Well, that's sport, isn't it really, At

1718
01:22:31,960 --> 01:22:33,840
Speaker 2: the end of the day, that's that's at the elite end,

1719
01:22:33,880 --> 01:22:36,280
Speaker 2: the point the end of anything in life. A lot

1720
01:22:36,320 --> 01:22:39,880
Speaker 2: of it's about confidence. And you know, he hasn't spent

1721
01:22:40,000 --> 01:22:41,840
Speaker 2: I would argue he hasn't spent his entire life giving

1722
01:22:41,920 --> 01:22:44,439
Speaker 2: this particular point to blow it. So we obviously wish

1723
01:22:44,520 --> 01:22:45,920
Speaker 2: him all the very best. But a couple of races

1724
01:22:45,960 --> 01:22:47,479
Speaker 2: this weekend and next, and then there's a gap, and

1725
01:22:47,560 --> 01:22:49,519
Speaker 2: I think there is Miami. Then you go to Italy

1726
01:22:51,640 --> 01:22:59,160
Speaker 2: Ministry of Transport. So on Monday you raised the question

1727
01:22:59,240 --> 01:23:01,160
Speaker 2: when we gave you the casaation flight times here in

1728
01:23:01,160 --> 01:23:02,840
Speaker 2: New Zealand Jets Day, you said, but what about the

1729
01:23:02,920 --> 01:23:05,360
Speaker 2: turbo props, what about regional New Zealand. Very good point,

1730
01:23:05,400 --> 01:23:06,920
Speaker 2: we said. So we went straight to the Ministry of

1731
01:23:06,920 --> 01:23:09,560
Speaker 2: Transport and said, flick us the details on the cancelations

1732
01:23:10,200 --> 01:23:13,479
Speaker 2: for the turbo props in the regional areas. No problem.

1733
01:23:13,560 --> 01:23:15,400
Speaker 2: They said, well, they didn't actually say that at all,

1734
01:23:15,520 --> 01:23:17,720
Speaker 2: said nothing of the sort. They said, yep, we'll come

1735
01:23:17,800 --> 01:23:19,560
Speaker 2: back to you. Of course they didn't, because that's what

1736
01:23:19,600 --> 01:23:23,080
Speaker 2: government departments do. Just on Tuesday, we told you just

1737
01:23:23,120 --> 01:23:24,639
Speaker 2: at the end of the show on Tuesday nine o'clock.

1738
01:23:24,640 --> 01:23:26,439
Speaker 2: On Tuesday, just before nine o'clock, they said they were

1739
01:23:26,520 --> 01:23:30,559
Speaker 2: quote unquote working on a response. Now that response never

1740
01:23:30,640 --> 01:23:33,360
Speaker 2: turned up. So by Tuesday afternoon we went back and said,

1741
01:23:33,400 --> 01:23:36,240
Speaker 2: can we get something before five o'clock quote unquote. We

1742
01:23:36,320 --> 01:23:39,360
Speaker 2: are currently in discussions with the number of airlines and

1743
01:23:39,400 --> 01:23:42,559
Speaker 2: are planning to provide regional reporting shortly. That was Tuesday.

1744
01:23:47,360 --> 01:23:49,559
Speaker 2: Four minutes later we went back and said what shortly?

1745
01:23:50,280 --> 01:23:55,760
Speaker 2: Never heard back radio silence all day yesterday. Nothing mind

1746
01:23:55,800 --> 01:23:58,080
Speaker 2: you did we go to them? We did go to them,

1747
01:23:58,360 --> 01:24:00,479
Speaker 2: and they still said nothing. So we went by them again,

1748
01:24:00,560 --> 01:24:02,640
Speaker 2: still said nothing. Still no response, Still nothing going on.

1749
01:24:02,800 --> 01:24:05,800
Speaker 2: So here we are Thursday, we've got all thursdays still

1750
01:24:05,840 --> 01:24:08,080
Speaker 2: to go. Of course they'll be they'll be catching the

1751
01:24:08,680 --> 01:24:12,080
Speaker 2: what the eight thirty seven and from Kendala to the office.

1752
01:24:12,080 --> 01:24:14,320
Speaker 2: I'll be touching base at about ten past nine, saying

1753
01:24:14,320 --> 01:24:17,240
Speaker 2: good morning to everybody unpacking their briefcase, wandering straight to

1754
01:24:17,280 --> 01:24:19,439
Speaker 2: the cafeteria, make a coffee of tea something like that.

1755
01:24:19,520 --> 01:24:21,360
Speaker 2: Maybe come back to us after ten o'clock or something

1756
01:24:21,439 --> 01:24:23,960
Speaker 2: like that. Anyway, so it's four days and we still

1757
01:24:23,960 --> 01:24:26,280
Speaker 2: have no answer. The suggestion is from people who may

1758
01:24:26,360 --> 01:24:29,439
Speaker 2: know that they might be running into some trouble with

1759
01:24:29,439 --> 01:24:31,639
Speaker 2: their New Zealand. Now my question around in New Zealand

1760
01:24:31,640 --> 01:24:33,880
Speaker 2: and New Zealand, it was suggested to us originally don't

1761
01:24:34,000 --> 01:24:38,759
Speaker 2: like this information released because the information isn't particularly glowing

1762
01:24:38,920 --> 01:24:40,680
Speaker 2: for Air New Zealand, because the real problem with the

1763
01:24:40,760 --> 01:24:42,759
Speaker 2: rivals and departures is to be found on the regional

1764
01:24:42,840 --> 01:24:45,360
Speaker 2: routes of this country, not the main trunk routes so

1765
01:24:45,520 --> 01:24:47,719
Speaker 2: a New Zealand might be. But my argument or question

1766
01:24:47,840 --> 01:24:51,080
Speaker 2: at least would be, is this not public information and

1767
01:24:51,320 --> 01:24:54,200
Speaker 2: is not what the Ministry of Transport holds nothing really

1768
01:24:54,320 --> 01:24:56,519
Speaker 2: to do with Air New Zealand other than they happen

1769
01:24:56,600 --> 01:24:59,360
Speaker 2: to be the party they're monitoring, and you can't then,

1770
01:24:59,360 --> 01:25:01,439
Speaker 2: as in news Land, go to the Ministry of Transport

1771
01:25:01,479 --> 01:25:03,599
Speaker 2: and heavy them and tell them not to release stuff

1772
01:25:03,840 --> 01:25:06,800
Speaker 2: because it's not actually your information to control in any way,

1773
01:25:06,840 --> 01:25:09,880
Speaker 2: shape or form. But anyway, I said here, not as

1774
01:25:09,960 --> 01:25:12,320
Speaker 2: hopeful as Thursday morning as it was perhaps on Monday,

1775
01:25:12,400 --> 01:25:13,600
Speaker 2: that we will see this.

1776
01:25:14,080 --> 01:25:17,120
Speaker 20: Do you think you think it helps or Henders talking

1777
01:25:17,200 --> 01:25:18,360
Speaker 20: about this whole process?

1778
01:25:19,400 --> 01:25:19,559
Speaker 25: Oh?

1779
01:25:19,680 --> 01:25:24,120
Speaker 2: I think well it's a good question, Glynn Philly late

1780
01:25:24,160 --> 01:25:25,920
Speaker 2: in the program for a good question, but well, welcome

1781
01:25:25,920 --> 01:25:26,360
Speaker 2: to the party.

1782
01:25:26,479 --> 01:25:27,120
Speaker 6: I've been busy.

1783
01:25:27,320 --> 01:25:30,560
Speaker 2: Yeah, so I'm thinking it's it helps me because this

1784
01:25:30,720 --> 01:25:34,160
Speaker 2: is interesting, and it doesn't help in New Zealand because

1785
01:25:34,160 --> 01:25:35,719
Speaker 2: the longer this goes, the worst it looks.

1786
01:25:36,280 --> 01:25:38,679
Speaker 20: Unless they've heard us in God, oh quick, we better

1787
01:25:38,720 --> 01:25:40,760
Speaker 20: go out and do some regional flights that are all

1788
01:25:41,320 --> 01:25:45,040
Speaker 20: work perfectly, and then they'll be able to sway the

1789
01:25:45,080 --> 01:25:47,880
Speaker 20: percentages their way. I mean, assuming that they are bad,

1790
01:25:47,920 --> 01:25:49,240
Speaker 20: which we don't know.

1791
01:25:50,160 --> 01:25:53,920
Speaker 2: I think we do. Nine minutes away from nine the Mike.

1792
01:25:53,800 --> 01:25:57,400
Speaker 3: Hosking Breakfast with Bailey's Real Estate news Dogs.

1793
01:25:57,960 --> 01:25:59,720
Speaker 2: Mike, I know you're bloody busy, but I just got

1794
01:25:59,760 --> 01:26:03,160
Speaker 2: to tick for not indicating while going straight through a roundabout?

1795
01:26:03,200 --> 01:26:04,960
Speaker 2: Since when has that been a rule? That's been a rule?

1796
01:26:05,000 --> 01:26:06,760
Speaker 2: Funnily enough, it's a good question. Actually it's been a

1797
01:26:06,840 --> 01:26:12,240
Speaker 2: rule forever. Not that anybody I've ever heard one adheres

1798
01:26:12,360 --> 01:26:15,160
Speaker 2: to it or be enforces it. But clearly you're the

1799
01:26:15,280 --> 01:26:22,160
Speaker 2: unlucky punter now. Global volatility, ah ah, ocr announcements, economic uncertainty.

1800
01:26:22,600 --> 01:26:24,880
Speaker 2: Very tough environment these days, of course, So let's be honest.

1801
01:26:24,920 --> 01:26:27,240
Speaker 2: Knowing your next move not always straightforward. So you need

1802
01:26:27,280 --> 01:26:30,800
Speaker 2: good advice. Good advice is critical. So when the markets

1803
01:26:30,840 --> 01:26:32,960
Speaker 2: get noisy, you want someone who can cut through those

1804
01:26:33,000 --> 01:26:35,519
Speaker 2: headlines and give it to you straight. What's actually going on,

1805
01:26:35,640 --> 01:26:37,680
Speaker 2: What should you be thinking about? That's what you get

1806
01:26:37,720 --> 01:26:41,719
Speaker 2: with foresyfe Bar investment advisor, real and real calm, experience, guidance,

1807
01:26:41,760 --> 01:26:45,080
Speaker 2: someone who can help you make smart, informed decisions, spot

1808
01:26:45,120 --> 01:26:47,679
Speaker 2: the opportunities even when things feel a bit unsettled. Because

1809
01:26:47,760 --> 01:26:51,080
Speaker 2: volatility doesn't just mean risk, it can also mean opportunity.

1810
01:26:51,240 --> 01:26:52,760
Speaker 2: So if you know where to look, and this is

1811
01:26:52,800 --> 01:26:55,200
Speaker 2: where the cleverness comes in. So do not sit on

1812
01:26:55,280 --> 01:26:57,439
Speaker 2: your hands, do not go it alone. Get advice that

1813
01:26:57,479 --> 01:26:59,799
Speaker 2: gives you clarity and the confidence to make some smart decisions.

1814
01:27:00,120 --> 01:27:03,759
Speaker 2: Forsythbar dot co dot z to find an advisor NEARU

1815
01:27:03,880 --> 01:27:06,720
Speaker 2: Forsythbar dot co dot inz. A Forsyth Bartherer is a

1816
01:27:06,760 --> 01:27:09,679
Speaker 2: New Zealand owned and operated investment firm and a licensed

1817
01:27:09,760 --> 01:27:14,559
Speaker 2: financial advice provider. Posking a bit of I haven't got

1818
01:27:14,600 --> 01:27:16,760
Speaker 2: the numbers for New Zealand, but in Australia I'm reading

1819
01:27:16,800 --> 01:27:19,880
Speaker 2: this morning. Cadbury's prices are up twenty percent as an

1820
01:27:19,960 --> 01:27:23,519
Speaker 2: Easter turn fifty gram easter bunny twelve bucks this year,

1821
01:27:23,600 --> 01:27:27,400
Speaker 2: up from ten one fifty gram bunny medium gift boxes

1822
01:27:27,439 --> 01:27:30,280
Speaker 2: small bags of eggs up anywhere between nineteen and twenty

1823
01:27:30,320 --> 01:27:33,160
Speaker 2: one percent. We got shrink flation. It's been amplified. Some

1824
01:27:33,320 --> 01:27:36,160
Speaker 2: chocolate's undergone thirty three percent price rise increases pack of

1825
01:27:36,240 --> 01:27:40,479
Speaker 2: twenty two hollow Cadbury Easter eggs eight percent smaller but

1826
01:27:40,600 --> 01:27:45,639
Speaker 2: twenty percent more expensive. Eight percent smaller, twenty percent more expensive.

1827
01:27:46,520 --> 01:27:47,160
Speaker 2: Easter is a rip.

1828
01:27:47,439 --> 01:27:49,800
Speaker 20: I wouldn't bother if I was you, I'd just give Jewelry.

1829
01:27:50,800 --> 01:27:54,960
Speaker 2: Great idea Glenn well done, or a Ferrari five minutes

1830
01:27:54,960 --> 01:27:55,799
Speaker 2: away from nine.

1831
01:27:56,080 --> 01:28:00,400
Speaker 3: Trending Now Chemist ware House the Home of Big Breast.

1832
01:28:00,760 --> 01:28:02,840
Speaker 2: They are still the cast of White Light is huge,

1833
01:28:02,920 --> 01:28:06,240
Speaker 2: numbers fifteen million each episode they reckoned, according to HBO

1834
01:28:06,320 --> 01:28:08,760
Speaker 2: stats this morning. Also Nielsen, they're on track to have

1835
01:28:08,800 --> 01:28:12,960
Speaker 2: about eighteen million viewers per episode, so it's a global hit. Anyway.

1836
01:28:13,040 --> 01:28:15,479
Speaker 2: They're all out still on the talk shows talking about

1837
01:28:15,520 --> 01:28:17,479
Speaker 2: life and times, and one of the fun things they've

1838
01:28:17,479 --> 01:28:21,360
Speaker 2: been doing is to give the best impression of Victoria Recliffe.

1839
01:28:21,400 --> 01:28:25,240
Speaker 2: She's Parker Posey's character. She's on the pills and loves

1840
01:28:25,280 --> 01:28:25,759
Speaker 2: the booze.

1841
01:28:26,280 --> 01:28:31,719
Speaker 3: Piper. No, no, there's sex calleds piper.

1842
01:28:37,120 --> 01:28:40,000
Speaker 6: All arousal pound, lorausal pound.

1843
01:28:40,400 --> 01:28:42,080
Speaker 2: What am I supposed to be impressed?

1844
01:28:43,240 --> 01:28:46,880
Speaker 7: Yes, a little rials of pound, so real, it's like

1845
01:28:46,960 --> 01:28:48,439
Speaker 7: a fat little tongue in there, like.

1846
01:28:48,439 --> 01:28:55,800
Speaker 2: The lorousa Bodhism, Buddhism of Buddhism.

1847
01:28:56,920 --> 01:29:02,200
Speaker 3: Soon, Lomi Paper, is you not a Buddhist?

1848
01:29:03,600 --> 01:29:05,280
Speaker 2: That last one was good. That was very good.

1849
01:29:05,360 --> 01:29:08,160
Speaker 20: She was one of my favorite characters. In fact, only

1850
01:29:08,200 --> 01:29:12,200
Speaker 20: had two favorite characters here and Walter Goggins. I liked

1851
01:29:12,280 --> 01:29:15,040
Speaker 20: the fact that it was about halfway through the season

1852
01:29:15,280 --> 01:29:17,240
Speaker 20: where she gave the impression that she thought she was

1853
01:29:17,320 --> 01:29:17,799
Speaker 20: on Taiwan.

1854
01:29:17,880 --> 01:29:20,960
Speaker 2: The whole time, that wastful, some very funny lines. Her

1855
01:29:21,040 --> 01:29:23,160
Speaker 2: accident by the way, that what that bood is and

1856
01:29:23,880 --> 01:29:28,680
Speaker 2: she intvented that she's quite clever and like everything else

1857
01:29:28,800 --> 01:29:30,600
Speaker 2: or everyone else in the cast, they seem to have

1858
01:29:30,760 --> 01:29:33,240
Speaker 2: been had their life turned upside down and changed and

1859
01:29:33,280 --> 01:29:34,840
Speaker 2: think it's the greatest thing because they weren't paid that

1860
01:29:35,000 --> 01:29:38,120
Speaker 2: much per episode, because I think they paid twenty thirty

1861
01:29:38,120 --> 01:29:40,200
Speaker 2: thousand dollars an episode, depending on whether they were in

1862
01:29:40,280 --> 01:29:42,439
Speaker 2: the episode, which for that sort of television is not

1863
01:29:42,479 --> 01:29:44,920
Speaker 2: a great deal of money. But the experience was life

1864
01:29:45,000 --> 01:29:48,400
Speaker 2: changing as indeed, as this program been back tomorrow, Happy Days.

1865
01:29:49,479 --> 01:29:52,320
Speaker 1: For more from the Mike Asking Breakfast, listen live to

1866
01:29:52,479 --> 01:29:55,519
Speaker 1: news talks. It'd be from six am weekdays, or follow

1867
01:29:55,600 --> 01:29:57,120
Speaker 1: the podcast on iHeartRadio.