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

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Speaker 1: The Mike Hosking Breakfast with a Vita, Retirement Communities, Life

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Speaker 1: Your Way News, togs Head.

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Speaker 2: Be welly and welcome today the state of the Place

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Speaker 2: to John Key and Nikola Willis, and look into our

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Speaker 2: wall story in China, Para Parma on the Rugby Tacaddy

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Speaker 2: to the with Richard Arnold stateside. Sam Emery is in

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Speaker 2: Australia for us this morning, pasking welcome to the day

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Speaker 2: seven past six. Well, was this the final nail in

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Speaker 2: the your coffin? I mean, can we add Hawksby and

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Speaker 2: the entire Monetary Policy Committee? After all? Easy to blame

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Speaker 2: a governor, but it's the committee that votes on what

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Speaker 2: to do with the cash rate. And after the famed

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Speaker 2: Q two finished, remember April, May and June, we came

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Speaker 2: to the next committee decision in July. Or's gone, Hawksby's

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Speaker 2: up and they've just witnessed the previous three months and

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Speaker 2: what do they do? Nothing? No change? They held why

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Speaker 2: because they felt things were in hand. They also said

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Speaker 2: the economy would contract zero point three percent. Yesterday came

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Speaker 2: the proof that it's hard when you're actually paid as

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Speaker 2: a so called expert to get it more wrong than

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Speaker 2: they have. We all felt it, we all knew it,

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Speaker 2: And true, most of us would not have been able

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Speaker 2: to put a number around it like the banks have.

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Speaker 2: But then again, most of us don't have the data

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Speaker 2: they've got access to. But what we all knew was

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Speaker 2: it was bad. It was tight, it was ugly, It

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Speaker 2: wasn't going in the right direction. But the gap between

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Speaker 2: zero point three and zero point nine is inexcusable, the

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Speaker 2: same way it's inexcusable to stand there in July and

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Speaker 2: tell us more stimulus wasn't needed. At some point, someone's

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Speaker 2: got to be held to account. Yes, Or is gone,

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Speaker 2: but only because he packed us sad. Yes, Quigley's gone,

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Speaker 2: but only because he got found out. No one has

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Speaker 2: actually been held to account for spectacular failure to do

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Speaker 2: the job. Why are the Military Policy Committee members still

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Speaker 2: in work? How many of them are there because of

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Speaker 2: their so called expertise versus being appointed for the so

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Speaker 2: called right reasons. Results count, facts matter, And here is

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Speaker 2: the issue for the government. As the poll showed us

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Speaker 2: this week, a lot of New Zealanders blame this government

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Speaker 2: for the economy, but they've been let down in no

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Speaker 2: small part by the Resis Bank and Win. The Prime

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Speaker 2: Minister the other week on this program fired off a

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Speaker 2: little bit of advice. All the point he had started

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Speaker 2: writing up it's whining about independence. Independence is fine, but

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Speaker 2: not of you useless.

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Speaker 3: News of the world.

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Speaker 2: In ninety seconds, oh, he came Anywin and before he

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Speaker 2: left he had it to check us for a week

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Speaker 2: with the Prime minister. Some described the priests or as tints.

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Speaker 2: Israel came up.

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Speaker 4: We have to remember October seventh, one of the worst

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Speaker 4: most violent days in the history of the world, not

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Speaker 4: just there, in the history of the world. And I

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Speaker 4: got to see the tapes that I wish I didn't

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Speaker 4: see him actually, but I got to see them.

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Speaker 2: Mandelssohn came up.

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Speaker 4: Maybe the Prime Minister would be better speaking of that.

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Speaker 4: There was a choice that he made and I don't

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Speaker 4: know what is your answer to them?

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Speaker 3: Well, I mean it's very straightforward.

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Speaker 5: Some information tames to light last week which wasn't available

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Speaker 5: when he was appointed, and I made a decision about it.

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Speaker 2: Whoops. As regards to what was actually done, if anything,

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Speaker 2: I mean, yes, there's a lot of take money. I'll

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Speaker 2: work you through that in the moment, but what about

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Speaker 2: the race.

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Speaker 5: Didn't get any movements on Gaza, a matter that really

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Speaker 5: matters a huge amount to Kia's supporters.

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Speaker 6: No shift on Ukraine.

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Speaker 5: Really and over the trade issue over tariffs, no concessions either.

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Speaker 5: So you know he got a big tech deal.

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Speaker 2: But what else the president. He's going to be back

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Speaker 2: in Washington about midday our time with the Kimmel businesses front.

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Speaker 2: And see we hit some new.

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Speaker 7: Rows over the weekend with the Maggie gang desperately trying

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Speaker 7: to characterize this kid who murdered Charlie Kirk as anything

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Speaker 7: other than one of them, and everything they can to

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Speaker 7: score political points from it.

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Speaker 2: Well, that was enough for some of the affiliates who

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Speaker 2: pulled the show, offered the irrationale.

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Speaker 8: Mister Kimmel's comments about the death of mister Kirk are

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Speaker 8: offensive and insensitive at a critical time at our national

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Speaker 8: political discourse, and we do not believe they reflect the

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Speaker 8: spectrum of opinions, views or values of the local communities

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Speaker 8: in which we are located.

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Speaker 2: And there's news of the world in ninety the Bank

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Speaker 2: of England overnight. This is probably if you want to

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Speaker 2: look at another country apart from ours, that's in real

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Speaker 2: trouble seemingly at the moment as the Bank of England.

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Speaker 2: The next meeting is in November. They were on hold overnight.

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Speaker 2: Most people thought they'd be on hold. The committee vote

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Speaker 2: was seven to two. Those two wanted to reduce the

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Speaker 2: separate benchmark bank rate by twenty five. They're looking to

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Speaker 2: return this is the problem. They got too much inflation.

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Speaker 2: They're looking to return it to two percent. But they're struggling,

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Speaker 2: and they talk of the gradual and careful move to

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Speaker 2: a further withdrawal of monetary policy. Restraint remains appropriate, et cetera,

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Speaker 2: et cetera. So they're bogged out. They're still growing, but

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Speaker 2: they're bogged down in a way like we are eleven

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Speaker 2: Class six.

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Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio pled

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Speaker 1: by News Talks b.

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Speaker 2: The thing that did go well for Starmer overnight is

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Speaker 2: they got the first migrant out on the one in

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Speaker 2: one out there is actually one out. The first flight

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Speaker 2: carrying a cross channel small boat migrant landed in Powis overnight.

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Speaker 2: He's an Indian national. The Eritrean got to court and

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Speaker 2: he got the stay. The government's appealing that, but they

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Speaker 2: did so so far since they signed the deal in

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Speaker 2: July one out fourteen past.

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Speaker 3: But open.

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Speaker 2: I'm JMI welcome Hendrick Kellahoa, good morning.

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Speaker 6: It's good morning, Mark.

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Speaker 2: I don't know where you want to stray up.

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Speaker 6: Oh the old rotten domestic product.

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Speaker 9: Yeah, very weak number, very much unexpected because, as you said,

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Speaker 9: it was well away from the range of expectations. Twentieth

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Speaker 9: of August, Mike, the RBS said it estimated this at

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Speaker 9: minus point three percent.

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Speaker 6: Twentieth of August.

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Speaker 9: The worst local commentator had it at minus zero point five,

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Speaker 9: but we came in at minus zero point nine GDP

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Speaker 9: per capita.

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Speaker 6: Do I want to go there, Mike, minus one point

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Speaker 6: one for the quarter.

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Speaker 9: Hey, let's just put it some some context. Q one

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Speaker 9: was zero point eight. That was higher than expected. But

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Speaker 9: you've also got a sort of step back into twenty

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Speaker 9: twenty four. Have we had two quarters of minus one

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Speaker 9: percent growth and so we've slumped again. And you've just

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Speaker 9: commented on the fact that there was all this anecdotal

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Speaker 9: evidence in the quarter, and well that that anecdotal feeling

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Speaker 9: was actually very indicative of what's proven to be the case,

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Speaker 9: isn't it. Manufacturing was the key contributed to the decline,

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Speaker 9: although you have to admit there was broad based weakness

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Speaker 9: and as has been widely discussed over well, it's not

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Speaker 9: even twenty four hours, isn't It potentially brings the RBNZ

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Speaker 9: into play.

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Speaker 6: At their meeting in early October two days.

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Speaker 9: Ago, Mike, I think it was I mentioned that the

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Speaker 9: conversation had already begun about the potential for the OCI.

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Speaker 6: Going below two and a half.

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Speaker 9: And remember it's it's only it's only a matter of

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Speaker 9: weeks ago that three percent was going to be the

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Speaker 9: terminal rate.

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Speaker 6: You know, you need to recall these things.

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Speaker 9: I think you've just talked about this at length, and

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Speaker 9: this conversation that we're going below too and half very

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Speaker 9: much front and center now, because it's reasonable to surmise

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Speaker 9: that the amount of spare capacity in the economy is

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Speaker 9: going to be even greater than the Reserve Bank had assumed.

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Speaker 9: And look, it was insaid it was only a little

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Speaker 9: while ago that Governors Hawksby said the central projection is

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Speaker 9: that the OCO is at two and a half by

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Speaker 9: the end of the year, but it could be faster

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Speaker 9: or slower, depending on how the economic recovery evolves. And

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Speaker 9: of course this starter is dated but it drops the

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Speaker 9: starting point for that recovery. So manufacturing down three and

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Speaker 9: a half percent, just looking at that weakness and construction

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Speaker 9: part of manufacturing. But you can see the impact of

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Speaker 9: high energy prices. You can see businesses pulling back on production.

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Speaker 9: Meat processing was down because there was enough livestock, but

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Speaker 9: you've actually got what is a lack of general demand.

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Speaker 9: And what's really dangerous Mike here is if you know,

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Speaker 9: we're starting to see manufacturing businesses closing down, if you

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Speaker 9: lose that manufacturing capability, that actually that creates a headwind

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Speaker 9: for recovery because they're not there to participate.

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Speaker 6: In the recovery.

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Speaker 9: The other thing I would just want to point out here,

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Speaker 9: Mike is note in the numbers there's what is term

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Speaker 9: the balancing item of the minus zero point nine. The

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Speaker 9: balancing item was minus zero point four, so very significant

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Speaker 9: part of the fall that shouldn't be repeated.

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Speaker 6: You know, Q three.

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Speaker 9: Will bounce back, but I doubt whether it will be frothy.

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Speaker 9: I mean, even primary industry is contracted. Mike, I just

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Speaker 9: want to talk about market reaction because at New Zealand

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Speaker 9: dollar this morning, much much lower than it was, gives

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Speaker 9: our exporters a boost, but doesn't help import inflation.

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Speaker 6: But it was a massive.

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Speaker 9: Roller coaster for the Kiwi dollar yesterday because after the Fed,

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Speaker 9: we went up and then it absolutely created wholesale interest

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Speaker 9: rates have fallen your five years now at three point

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Speaker 9: one seven, that's the five or swap.

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Speaker 6: That's the lowest it's been since twenty twenty two.

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Speaker 9: And the expectations the pricing for that official cash rate,

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Speaker 9: the market's now pricing an end point of two point

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Speaker 9: three to five, so they're split between two and a

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Speaker 9: half and two and a quarter. It's very much increased

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Speaker 9: the probability of a fifty bases point cut on the

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Speaker 9: eighth of October.

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Speaker 6: But Mike, just stepping back, it raises all sorts.

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Speaker 9: Of questions, doesn't it, you know, as super low as

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Speaker 9: a super low interest rates structure the only way we

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Speaker 9: can actually grow because we don't have those other tailwinds

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Speaker 9: that we normally get, government spending, immigration, a hot property market,

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Speaker 9: And I just asked the question, you know, how do

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Speaker 9: we grow?

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Speaker 6: How do we get prosperous? It raises lots of.

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Speaker 2: Questions, it does, and it's depressing how they handled Jerome

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Speaker 2: in America.

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Speaker 6: Yeah, look, this is really interesting.

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Speaker 9: Also Mike Post the FMC, because you know, when we spoke,

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Speaker 9: the dollar are straight out the infancy.

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Speaker 6: The dollar had fallen straight away, but it's rebounded.

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Speaker 9: The US dollars now quite a bit stronger, so that's

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Speaker 9: not exactly helping in the New Zealander. The share markets

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Speaker 9: are actually higher overnight wholesale interest rates. They fell initially

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Speaker 9: things like the tenure, and now three point nine to

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Speaker 9: eight they've gone.

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Speaker 6: Back up again.

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Speaker 9: What the market's actually saying here is there's now a

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Speaker 9: lower chance of sort of super cuts, So the initial

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Speaker 9: reaction has actually completely reversed overnight, and market's now saying that.

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Speaker 9: And Jerome sort of kept talking about certainty, and I

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Speaker 9: think that's the market's focusing on that now.

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Speaker 10: Yeah.

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Speaker 2: Okay, Australia quickly four point two they were, so they

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Speaker 2: lost some jobs though this is interesting, it's tightening up.

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Speaker 9: Yeah, we didn't have The only disappointing economic news ossie

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Speaker 9: employment numbers also is prized to the downside. Employment fell

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Speaker 9: five and a half thousand in August versus expectations or

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Speaker 9: twenty two thousand left.

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Speaker 6: Unemployment rate now sitting.

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Speaker 9: At four point two and a big switch here, big

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Speaker 9: decline of full time employment, big lift in part time employment.

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Speaker 6: In part time employment, so not the number they one.

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Speaker 2: To see either, I need your numbers.

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Speaker 6: Yeah, so we've got at least this is positive.

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Speaker 9: The Dow Jones is up third of a percent one

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Speaker 9: hundred and fifty three points forty six thousand, one hundred

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Speaker 9: and seventy one s and P five hundred sixty six

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Speaker 9: three nine up point six. The Nastik's up one percent

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Speaker 9: two to four to eight six. The foot to one

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Speaker 9: hundred gain twenty points overnight. That's point two percent, the

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Speaker 9: Nick over one percent gain four five to three oh three.

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Speaker 9: The Shanghai Composite down just over one percent. The A

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Speaker 9: six two hundred fell point eight eight three eight seven

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Speaker 9: four five and then sex fifty We fell one hundred

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Speaker 9: and eight points point eight two thirteen thousand, one hundred

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Speaker 9: and twenty one Kimi dollar point five eight eight two

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Speaker 9: point eight eight eight eight against the ossie, we've broken

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Speaker 9: down their point four nine nine o euro point four

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Speaker 9: three three eight against the pound eighty six point nine

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Speaker 9: eight japanesezen gold three thousand, six hundred and forty four

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Speaker 9: dollars in break fruit sixty seven dollars and twenty.

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Speaker 2: Cents appreciate your expertise. Have a good weekend. Andrew Kellajajmo,

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Speaker 2: Well dot Co, dot m Z Tasky nuckerburgun veiled the

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Speaker 2: seven hundred ninety nine This is a US dollars the

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Speaker 2: Meta ray Band Display glasses yesterday. It's got the These

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Speaker 2: are the first consumer ready smart glasses, built in display,

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Speaker 2: small digital display that's controlled via hand gestures. You need

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Speaker 2: to wear a wristband. Wristband mum Man powered by neural technology.

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Speaker 2: You got your four ninety nine Oakly Meta Vanguard glasses.

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Speaker 2: They go on sale in October. You got your three

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Speaker 2: seventy nine ray Band Meta Gen two glasses. The only

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Speaker 2: upside of what I saw yesterday from Zuker Burgers. They

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Speaker 2: don't look ugly previously they have these look all right.

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Speaker 2: Six twenty one. You're a news Talk said bol.

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Speaker 1: The Vike asking Breakfast Full Show podcast on iHeartRadio powered

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Speaker 1: by News Talk SEDB.

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Speaker 2: I like days like today because many of the texts

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Speaker 2: will be showing more insight into the economy than the

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Speaker 2: Reserve Bank ever has Mike. The problem with the Reserve

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Speaker 2: Bank has made it's not recognizing how much of our

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Speaker 2: inflation's demand driven and how much is due to the

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Speaker 2: world market prices. The inflation in New Zealand has very

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Speaker 2: little demand driven inflation of forty years of business only,

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Speaker 2: the GFC has produced similar conditions to what we're experiencing now.

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Speaker 2: Interest rates need to be loaed by at least one

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Speaker 2: percent immediately. I wouldn't go one but there's certainly no

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Speaker 2: shortage of people, including people like Jared kirk Kiwibank, who've

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Speaker 2: been going fifty to fifty to fifty to fifty to fifty.

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Speaker 2: Another question is why do we need to wait until

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Speaker 2: October eighth for a downward ocr adjustment? What's wrong with today?

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Speaker 2: Very good question. Hawksby addressed this last time, which is

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Speaker 2: once again, why I urge you when they hold these

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Speaker 2: press conferences watch them, because the question was asked and

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Speaker 2: he had a very good answer, and that is market stability.

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Speaker 2: You've got to plan these things in advance, and you've

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Speaker 2: got to tell the world what you're doing and when

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Speaker 2: you're doing it. Because it came out of the whole

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Speaker 2: business that they take a long summer break and could

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Speaker 2: they come back in January? But his argument was yes,

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Speaker 2: they could, but you've got to tell people what's going on.

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Speaker 2: If Hawksby turned up today and just went there's fifty.

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Speaker 2: The market would melt down and you can't have that.

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Speaker 1: Six twenty five trending now with him as well, Spring

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Speaker 1: Frenzy Sale.

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Speaker 2: On now Netflix and the Diplomat back for a third

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Speaker 2: Crack dropped in twenty twenty three, went to number one

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Speaker 2: in eighty six countries, had over one hundred million hours viewed.

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Speaker 11: What happened? President Rayburn died four minutes ago?

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Speaker 12: Who was he talking to?

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Speaker 13: My husband?

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Speaker 3: What did you think you were doing?

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Speaker 11: I thought I was warrning the commander in chief.

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Speaker 6: He had a rogue deputy, which he did.

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Speaker 8: A terribly flawed woman is now the president, and only

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Speaker 8: we know just how flawed. I'm not walking around in

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Speaker 8: the middle of the constitutional crisis with the resume stable

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Speaker 8: to my forehead.

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Speaker 1: Our Prime Minister is concealing explosive information on your behalf.

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Speaker 3: He will extract not one, but ten pounds of flesh.

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Speaker 2: How many times do you have to watch her shove

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Speaker 2: you in front of a moving train? Are you doing

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Speaker 2: everything I can?

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Speaker 14: But there is a limit.

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Speaker 2: I expected more from you.

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Speaker 3: So are we having fine?

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Speaker 2: So you listen to that, you think, oh, it could

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Speaker 2: be quite good. Kirie Russell and rufus Sule the Stars.

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Speaker 2: I got through. I don't even know that I got

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Speaker 2: through all of season one. I found it too worthy

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Speaker 2: to be frank, But anyway, what do I know? First

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Speaker 2: episode of season three is out the sixteenth of October.

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Speaker 2: I did get through the end of the first part

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Speaker 2: of It's taking me all week to do it, the

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Speaker 2: first part of the Charlie Sheen thing. I worry about

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Speaker 2: the second part because it's just he's a great storyteller

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Speaker 2: and the gravity involved in his life is stomach churning,

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Speaker 2: but he tells it in a I don't know if

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Speaker 2: entertaining is the right way to do it. But there's

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Speaker 2: a whole other hour and a half still to come

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Speaker 2: on that, so I don't know whether I'll be back

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Speaker 2: for more. But if you haven't, haven't tried it. There's

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Speaker 2: got a bit of buzz around that at the moment.

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Speaker 2: Give it a go over the weekend. If you get time.

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Speaker 1: News is next, The News and the Newsmakers, the Mic

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Speaker 1: Hosking Breakfast with Range Rover leading by example, News Togs

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Speaker 1: Dead be Mike.

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Speaker 2: It's not all bad news. Try ordering a land Cruiser

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Speaker 2: and the wy Cato delivery September twenty six. Thank you Ellen, Mike.

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Speaker 2: When the next GUDP figures released from the current period

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Speaker 2: December eighteen is what you're just in time for Christmas

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Speaker 2: twenty three minutes away from seven. So are we're sick

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Speaker 2: of this yet? If it isn't the teachers, it's the

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Speaker 2: doctors and the nurses. The salary medical specialists have projected

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Speaker 2: the new one hundred and sixty million dollar offer. It

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Speaker 2: covers five and a half thousand senior doctors over sixteen months.

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Speaker 2: Thirteen thousand patients were expected to be affected this time around.

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Speaker 2: Sarah Doulton's the association executive director, and is with a

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Speaker 2: Sarah more, good morning, min one hundred and sixty million.

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Speaker 2: What's it by? I mean how far I'm so worn

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Speaker 2: down by this stuff? How far apart are you?

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Speaker 15: Well?

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Speaker 14: The offer that the revised claim that we put up

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Speaker 14: when we're in facilitator bargaining a couple of months ago,

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Speaker 14: would have priced out around three hundred million, So we're

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Speaker 14: still quite far apart, and it's very difficult for us

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Speaker 14: to drop below that point, you know that is we

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Speaker 14: initially put up a twelve percent claim and in facilitated

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Speaker 14: bargaining we moved so that other than the new step one,

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Speaker 14: which would be quite a big jump, maybe about seven percent,

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Speaker 14: the rest of our members would be looking at about

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Speaker 14: four four and a half percent.

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Speaker 2: Well, it's one more than we've got until it's certainly

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Speaker 2: more than inflation. How can you claim you're going backwards

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Speaker 2: to CPI.

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Speaker 14: Oh, our doctors have had SUBCPI pay adjustments since about

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Speaker 14: the time of COVID.

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Speaker 2: Yeah, but you can't go back by time. I mean,

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Speaker 2: why don't you go back to nineteen seventy three and

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Speaker 2: make it so really bad.

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Speaker 14: Well, you know, you can say we can't go back

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Speaker 14: in time, but we have watched the real value of

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Speaker 14: specialist salaries decrease at a steady rate of nonsense about

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Speaker 14: twenty twenty, and we want to restore that value. We

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Speaker 14: want to reset the platform so that ideally Health New

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Speaker 14: Zealand will move forward with us to establish a structure

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Speaker 14: for senior doctor salaries. At the moment, what they're incentivizing

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Speaker 14: is locan works, so become a contractor. They spent two

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Speaker 14: hundred million on contractors last year.

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Speaker 2: Yeah. I get all of this, but now's not the

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Speaker 2: time to be doing this. We've got less than no

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Speaker 2: money in a country that was confirmed yesterday to be

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Speaker 2: yet again going backwards.

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Speaker 14: Yeah, well, you know, no, no time is a great time.

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Speaker 2: Well, it's not too remember, I mean we were a

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Speaker 2: rockstar economy. Maybe do it when we're a rockstar economy,

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Speaker 2: not a country that's going backwards worse than pretty much

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Speaker 2: any country in the world.

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Speaker 14: Well, I think at the end of the day, access

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Speaker 14: to healthcare led by special matters whether or not you're

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Speaker 14: a rockstar economy. And at the rate we're going, we're

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Speaker 14: going to have a critical shortage of doctors. Doctors have choices,

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Speaker 14: It's an international market, and our closest neighbor pays significantly

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Speaker 14: more for their skills. So I think there are some

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Speaker 14: hard decisions we need to make as a country, irrespective

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Speaker 14: because access to healthcare isn't based on business or rock

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Speaker 14: star economy.

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Speaker 2: I agree with you. Look, I've got some sympathy, but

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Speaker 2: I mean this, we're all off to Australia. Australia pays

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Speaker 2: more to it. That's always been the case and it

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Speaker 2: will probably always be. We're never going to be able

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Speaker 2: to compete with a twenty six million population or a

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Speaker 2: three hundred and twenty million American population. It's just it

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Speaker 2: is what it is.

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Speaker 14: That's true, But Health New Zealand have also chosen to

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Speaker 14: suppress staffing levels. So for our.

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Speaker 2: Members because they haven't got any money, Well.

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Speaker 14: No I don't. It's choices, right, it's choices about how

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Speaker 14: you spend, So we'll.

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Speaker 2: Tell me, Sarah, where would you get your money from? So,

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Speaker 2: whatever you want, where do you get that money from?

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Speaker 2: Who do you take it off? Tell me this, who

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Speaker 2: do you take it off to pay your doctors?

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Speaker 14: Well, my view would be that we would look really

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Speaker 14: carefully at the taxation system and make sure that it's.

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Speaker 2: We tax people more well.

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Speaker 14: Our recent report says that the tax based health system

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Speaker 14: is actually really efficient and works well as long as

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Speaker 14: enough money goes into it. And as you know from

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Speaker 14: our recent report, the ministry have been misreporting our actual

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Speaker 14: health spend for some years and haven't been contributing comparative

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Speaker 14: data to the OECD since twenty eighteen because they don't

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Speaker 14: know how to do it.

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Speaker 2: What do you say to the people who are missing

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Speaker 2: out next week?

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Speaker 14: I say, we're really sorry that you're missing out next week.

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Speaker 14: But what do we say to the people who have

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Speaker 14: missed out this week and the week after that and

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Speaker 14: the week after that, because ask any of our members

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Speaker 14: and the queue of people suffering from unmet need, unable

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Speaker 14: to access healthcare is a reality every single day. It's

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Speaker 14: just health New Zealand doesn't talk about it on those days.

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Speaker 2: All right, Sarah, appreciate your time. You have a good

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Speaker 2: week in Sarah Dolton, who's the Associate Association of Salaried

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Speaker 2: Medical Specialists. It is nineteen two seven.

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Speaker 1: The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered

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Speaker 1: by Newstalks.

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Speaker 2: B Now I can totally Harvey Norman's got to deal

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441
00:20:33,440 --> 00:20:35,639
Speaker 2: mount bottom, out side by side, French store, even the

442
00:20:35,640 --> 00:20:39,520
Speaker 2: big quad doors dishwashers yes, free standing are integrated, also

443
00:20:39,520 --> 00:20:43,520
Speaker 2: delivered free. Telly's big Tally go for it, free delivery

444
00:20:43,520 --> 00:20:45,600
Speaker 2: on the big brand TV seventy five inches or above.

445
00:20:46,280 --> 00:20:48,320
Speaker 2: So that's your larmed sort of, no arguments about hogging.

446
00:20:48,320 --> 00:20:50,600
Speaker 2: The remote delivery is within fifty k's by the way

447
00:20:50,640 --> 00:20:52,359
Speaker 2: of the store, t's and seas applying. Like all the

448
00:20:52,359 --> 00:20:54,439
Speaker 2: good deals, that's not hanging around. So if you're in

449
00:20:54,480 --> 00:20:57,040
Speaker 2: the market for the appliances or a massive television, do

450
00:20:57,200 --> 00:21:02,320
Speaker 2: it now. Go Harvey Norman to good to see me,

451
00:21:02,480 --> 00:21:05,959
Speaker 2: Good to see Hailey Gooley join the rb Mike strong

452
00:21:06,000 --> 00:21:08,720
Speaker 2: knowledge on the primary sector. Uya Rabobanks, Scaler Up and

453
00:21:08,800 --> 00:21:10,760
Speaker 2: seek a Kiwi fruit. Thank you Nathan for the inside

454
00:21:10,760 --> 00:21:12,000
Speaker 2: I was going to mention it anyway.

455
00:21:12,080 --> 00:21:12,280
Speaker 6: Yeah.

456
00:21:12,280 --> 00:21:15,840
Speaker 2: She is Agri division manager, was for Scaler Up between

457
00:21:15,840 --> 00:21:18,960
Speaker 2: twenty nineteen twenty twenty three, Rabobank for seventeen year senior

458
00:21:19,000 --> 00:21:22,760
Speaker 2: credit analyst in London, Dairy research director, eventually the New

459
00:21:22,880 --> 00:21:26,320
Speaker 2: Zealand general manager. So she seemed well credentialed, comes over

460
00:21:26,359 --> 00:21:27,920
Speaker 2: the backing of the board and of course and confirmed

461
00:21:27,920 --> 00:21:31,520
Speaker 2: by the Finance Minister yesterday. So boy we wish her well.

462
00:21:31,560 --> 00:21:35,960
Speaker 16: Six forty five International correspondence with ends and eye Insurance

463
00:21:36,080 --> 00:21:37,760
Speaker 16: Peace of mind for New Zealand business.

464
00:21:37,920 --> 00:21:40,560
Speaker 2: Richard, good morning, Good morning, many So what happened to

465
00:21:40,600 --> 00:21:42,679
Speaker 2: the conservative movements love of free speech?

466
00:21:44,400 --> 00:21:47,080
Speaker 17: That is one of many, many, many questions in what

467
00:21:47,280 --> 00:21:51,080
Speaker 17: is story topping the news everywhere here except on American ABC,

468
00:21:51,240 --> 00:21:54,600
Speaker 17: the network that actually suspended the Jimmy Kimmel late night

469
00:21:54,640 --> 00:21:59,160
Speaker 17: comedy show, and surprise surprise reactions here sharply, very sharply partisan.

470
00:21:59,440 --> 00:22:01,960
Speaker 17: Trump said before leaving London.

471
00:22:01,800 --> 00:22:04,040
Speaker 4: Jimmy Kimmel was fair because he had bad ratings more

472
00:22:04,080 --> 00:22:06,280
Speaker 4: than anything else, and he said a horrible thing about

473
00:22:06,320 --> 00:22:08,240
Speaker 4: a great gentleman known as Charlie Kirk.

474
00:22:08,440 --> 00:22:11,879
Speaker 17: Well, no, Kimmel has not been fired as yet, he

475
00:22:11,960 --> 00:22:15,960
Speaker 17: suspended indefinitely. We'll see how that plays. And his comments

476
00:22:16,040 --> 00:22:18,520
Speaker 17: last Tuesday, your time is not about Charlie Kirk, say,

477
00:22:18,560 --> 00:22:23,600
Speaker 17: but about some Republicans exploiting the killing. Here again is

478
00:22:24,000 --> 00:22:25,560
Speaker 17: part of what kim said.

479
00:22:27,040 --> 00:22:30,800
Speaker 7: Maggie Gang desperately trying to characterize this kid who murdered

480
00:22:30,880 --> 00:22:33,320
Speaker 7: Charlie Kirk as anything other than one of them and

481
00:22:33,359 --> 00:22:36,679
Speaker 7: do everything they can to score political points from it.

482
00:22:36,800 --> 00:22:40,600
Speaker 17: So this was right after the assassination, when some like Trump, age,

483
00:22:40,600 --> 00:22:43,240
Speaker 17: Stephen Miller, and Steve Bannon were suggesting the country was

484
00:22:43,240 --> 00:22:45,840
Speaker 17: in a sort of war, should Kimmel have said anything

485
00:22:46,000 --> 00:22:48,639
Speaker 17: even in that environment. No, it was inappropriate to as

486
00:22:48,760 --> 00:22:52,000
Speaker 17: former Fox host Heroldo Rivera.

487
00:22:52,600 --> 00:22:55,520
Speaker 18: Jimmy Kimmel owes the family of Charlie Kirk an apology,

488
00:22:55,920 --> 00:23:00,720
Speaker 18: and it's wrong to overthink it and make it about

489
00:23:01,760 --> 00:23:04,520
Speaker 18: government and censorship and these other issues.

490
00:23:04,760 --> 00:23:07,280
Speaker 17: Former president of Barber's speaking out now saying this is

491
00:23:07,280 --> 00:23:10,199
Speaker 17: the mega win, embracing cancel culture, the point you were

492
00:23:10,200 --> 00:23:12,040
Speaker 17: making off the top there and the very thing they

493
00:23:12,119 --> 00:23:14,359
Speaker 17: slammed for years. He says, the Trump team is taking

494
00:23:14,400 --> 00:23:17,919
Speaker 17: it to a quote new and dangerous level. Trump denies it.

495
00:23:18,440 --> 00:23:20,800
Speaker 17: Here's a bit more of the story. The Kimmel suspension

496
00:23:20,880 --> 00:23:23,680
Speaker 17: came soon after the head of the FCC, the Federal

497
00:23:23,680 --> 00:23:27,879
Speaker 17: Communications body, Brendan Carr, said the Kimmel remarks appear to

498
00:23:27,920 --> 00:23:30,760
Speaker 17: be quote some of the sickest conduct possible. That is

499
00:23:30,760 --> 00:23:33,439
Speaker 17: far from a universal interpretation, said Car, though, I.

500
00:23:33,440 --> 00:23:35,080
Speaker 19: Mean, look, we can do this the easy way or

501
00:23:35,080 --> 00:23:39,440
Speaker 19: the hard way. These companies can find ways to change conduct,

502
00:23:39,440 --> 00:23:43,800
Speaker 19: to take action frankly on Kimmel, or you know, there's

503
00:23:43,800 --> 00:23:46,320
Speaker 19: gonna be additional work for the FCC ahead.

504
00:23:46,440 --> 00:23:48,800
Speaker 17: Two of the biggest owners of ABC affiliates, next Star

505
00:23:48,880 --> 00:23:50,840
Speaker 17: and Sincla then said they would pull the Kimmel Show,

506
00:23:50,880 --> 00:23:53,520
Speaker 17: and soon after the ABC network, facing this, said they

507
00:23:53,560 --> 00:23:56,199
Speaker 17: would suspend Kimmel. Now, Next Star is trying to put

508
00:23:56,240 --> 00:23:59,359
Speaker 17: together a six point two billion US dollar acquisition of

509
00:23:59,400 --> 00:24:02,119
Speaker 17: a group called and to do that they must have

510
00:24:02,359 --> 00:24:05,680
Speaker 17: the approval yes of the government, the FCC. This recalls

511
00:24:05,680 --> 00:24:08,440
Speaker 17: what happened when late night host Stephen Colbert on CBS

512
00:24:08,560 --> 00:24:12,240
Speaker 17: was sacked when the FCC approved the sale of the

513
00:24:12,280 --> 00:24:16,080
Speaker 17: network and other paramount properties to Skidance, which is controlled

514
00:24:16,119 --> 00:24:18,480
Speaker 17: by the family of the richest person in the world,

515
00:24:19,080 --> 00:24:22,840
Speaker 17: Larry Elson, pro Trump billionaire. That approval only came after

516
00:24:22,880 --> 00:24:26,080
Speaker 17: Trump was paid sixteen million dollars US for claiming that

517
00:24:26,200 --> 00:24:29,280
Speaker 17: the Sixty Minutes TV show had wrongly edited an interview

518
00:24:29,320 --> 00:24:32,080
Speaker 17: with Kamala Harris. Most saw that trump legal claim as

519
00:24:32,119 --> 00:24:35,080
Speaker 17: pretty weak. CBS did modifight. They agreed to put in

520
00:24:35,080 --> 00:24:38,400
Speaker 17: a Trump supporter as well to monitor for future political bias. Then,

521
00:24:38,520 --> 00:24:42,320
Speaker 17: just days ago, Larry Elson moved in on CNN and HBO,

522
00:24:42,359 --> 00:24:44,960
Speaker 17: seeking to become the biggest media magnet in the US.

523
00:24:45,880 --> 00:24:48,880
Speaker 17: Then after that came news about TikTok, the Chinese owned

524
00:24:48,880 --> 00:24:51,679
Speaker 17: app that was banned as a security risk. But Trump

525
00:24:52,359 --> 00:24:55,120
Speaker 17: just announcing a takeover deal which gives Americans an eighty

526
00:24:55,160 --> 00:25:00,640
Speaker 17: percent share in TikTok. Those Americans are Yes, Larry Elson, Trump, Dona,

527
00:25:00,720 --> 00:25:03,280
Speaker 17: Marc Andreesen. So if all this happens, Mike the Murdoch

528
00:25:03,320 --> 00:25:05,760
Speaker 17: family would control Fox News, the Wall Street Journal, the

529
00:25:05,760 --> 00:25:09,760
Speaker 17: New York Post, while Twitter, TikTok, CBS, CNN and more

530
00:25:09,800 --> 00:25:12,480
Speaker 17: would be owned by the Ellison family and the Washington

531
00:25:12,520 --> 00:25:15,640
Speaker 17: Post owned by Jeff Bezos. It would mark a considerable

532
00:25:15,800 --> 00:25:20,640
Speaker 17: consolidation of media power in support of the current US administration.

533
00:25:20,720 --> 00:25:22,600
Speaker 2: Have a good week it make appreciate it, and do

534
00:25:22,680 --> 00:25:24,439
Speaker 2: not forget the name silver Lake. As I mentioned on

535
00:25:24,480 --> 00:25:27,760
Speaker 2: the program yesterday, as regards that TikTok investment, silver Lake

536
00:25:27,800 --> 00:25:31,040
Speaker 2: directly tied and of course with the New Zealand rugby

537
00:25:31,240 --> 00:25:32,840
Speaker 2: Union ten away from seven.

538
00:25:33,080 --> 00:25:37,240
Speaker 1: The Mike Costing breakfast with Bailey's real estate news talks, there'd.

539
00:25:37,000 --> 00:25:39,960
Speaker 2: Be my GDP per capita is more important metric. I agree,

540
00:25:40,240 --> 00:25:43,040
Speaker 2: since the last election, Nationals presided over four negative quarters

541
00:25:43,080 --> 00:25:44,760
Speaker 2: in the last six they have no clue how to

542
00:25:44,760 --> 00:25:49,240
Speaker 2: stimulate the economy. Chris, Is it the government's job to

543
00:25:49,320 --> 00:25:53,080
Speaker 2: stimulate the economy or is it the government's job to

544
00:25:53,160 --> 00:25:56,439
Speaker 2: provide the environment in which you can go out and

545
00:25:56,520 --> 00:26:00,240
Speaker 2: stimulate your own economy. And in that delineation line the

546
00:26:00,240 --> 00:26:03,680
Speaker 2: political ideology that we battle with and we'll do next year. Mike,

547
00:26:03,720 --> 00:26:07,400
Speaker 2: the problem with the RBS, the cocundon Wellington Bingo. How

548
00:26:07,400 --> 00:26:09,879
Speaker 2: many times on this program I said exactly that you

549
00:26:09,920 --> 00:26:12,480
Speaker 2: can have all the spreadsheets in the world you want

550
00:26:12,560 --> 00:26:14,560
Speaker 2: if you're stuck on number one or number two the

551
00:26:14,640 --> 00:26:16,840
Speaker 2: terrace and you never get out into the real world,

552
00:26:16,880 --> 00:26:18,640
Speaker 2: and you don't go to the cafe for your sandwiches

553
00:26:18,680 --> 00:26:20,600
Speaker 2: because of some woman around the corner with the trolleyho

554
00:26:20,600 --> 00:26:22,760
Speaker 2: brings them into your room with your white board and

555
00:26:22,800 --> 00:26:25,000
Speaker 2: your blue skying. And you didn't have that many good

556
00:26:25,080 --> 00:26:28,000
Speaker 2: qualifications in the first place. That's where you misread an economy.

557
00:26:28,040 --> 00:26:28,200
Speaker 3: Mike.

558
00:26:28,200 --> 00:26:31,240
Speaker 2: I appreciate your comment that Roger Douglas came in face

559
00:26:31,280 --> 00:26:33,920
Speaker 2: and said this to Ryan before and you've got to

560
00:26:33,920 --> 00:26:35,960
Speaker 2: have been there at the time. But anyone who was

561
00:26:35,960 --> 00:26:38,560
Speaker 2: there in eighty four saw what Douglas did, and he

562
00:26:38,600 --> 00:26:41,040
Speaker 2: blew the place up, and he blew the place up

563
00:26:41,080 --> 00:26:45,359
Speaker 2: because it needed blowing up. And the argument is short

564
00:26:45,480 --> 00:26:50,000
Speaker 2: or sharp or longer and blunter. I mean, basically, at

565
00:26:50,000 --> 00:26:51,359
Speaker 2: the end of the day, you could argue we're going

566
00:26:51,400 --> 00:26:52,840
Speaker 2: to get there, and we will. I mean, Q three

567
00:26:52,880 --> 00:26:54,840
Speaker 2: is going to be better. Q four might even be better. Still,

568
00:26:54,880 --> 00:26:56,800
Speaker 2: God knows, in twenty twenty six, it might all come

569
00:26:56,880 --> 00:26:58,400
Speaker 2: right and we'll all look back and go Phu'll thank

570
00:26:58,400 --> 00:27:01,560
Speaker 2: god we got through that. This is dragged on longer

571
00:27:01,600 --> 00:27:04,240
Speaker 2: than it needed to, and the numbers tell us this.

572
00:27:05,160 --> 00:27:07,280
Speaker 2: Your point in the text being that Douglas was under

573
00:27:07,320 --> 00:27:09,560
Speaker 2: FPP not MMP. Could you do the same thing. It's

574
00:27:09,560 --> 00:27:12,600
Speaker 2: a fair point. You probably can't five minutes away from seven.

575
00:27:13,720 --> 00:27:15,280
Speaker 3: All the ins and the outs.

576
00:27:15,600 --> 00:27:19,720
Speaker 1: It's the biz with business timer, take your business productivity

577
00:27:19,760 --> 00:27:20,720
Speaker 1: to the next level.

578
00:27:20,800 --> 00:27:23,240
Speaker 2: Related matters, job ads, where are we at. Well, this

579
00:27:23,280 --> 00:27:25,600
Speaker 2: is the seat data for August this morning. Our hiring

580
00:27:25,880 --> 00:27:28,520
Speaker 2: activity has quote their words, not mine. Here we go

581
00:27:29,080 --> 00:27:33,600
Speaker 2: noticeably picked up. Good job ads are up a percent

582
00:27:33,680 --> 00:27:35,520
Speaker 2: for the three months. If you go to August of

583
00:27:35,600 --> 00:27:38,160
Speaker 2: last year, we had two months of drops, eight consecutive

584
00:27:38,160 --> 00:27:41,040
Speaker 2: months months of nothing. Now three months of increases. So

585
00:27:41,040 --> 00:27:43,320
Speaker 2: we're on the right track hopefully. And your job add

586
00:27:43,400 --> 00:27:46,040
Speaker 2: volumes up four percent. First time job ads have grind

587
00:27:46,080 --> 00:27:48,200
Speaker 2: year on year since November twenty twenty two. This is

588
00:27:48,240 --> 00:27:50,119
Speaker 2: all the green shoot stuff. This is the stuff that

589
00:27:50,560 --> 00:27:53,720
Speaker 2: people are going hang on. It's there. Applications for job

590
00:27:53,720 --> 00:27:56,080
Speaker 2: are up two percent in July, which is a new record.

591
00:27:56,640 --> 00:27:58,960
Speaker 2: So there's still some slackness and capacity, as they say

592
00:27:58,960 --> 00:28:01,800
Speaker 2: in the economy, still looking for either our job or

593
00:28:01,880 --> 00:28:04,520
Speaker 2: more work. The only region in the country to drop

594
00:28:05,359 --> 00:28:07,399
Speaker 2: in job adds month on months was Taranaki, and we

595
00:28:07,440 --> 00:28:11,000
Speaker 2: all know why, down two percent. Auckland on the move. Finally,

596
00:28:11,080 --> 00:28:13,280
Speaker 2: so you've got the confidence number this week. The confidence

597
00:28:13,359 --> 00:28:17,119
Speaker 2: was negative consumer confidence, the confidence overall was negative, but

598
00:28:17,560 --> 00:28:20,520
Speaker 2: Auckland is the most confident region in the country and

599
00:28:20,560 --> 00:28:22,879
Speaker 2: that I think came as a surprise to many people.

600
00:28:23,400 --> 00:28:27,680
Speaker 2: So Auckland on the move. After almost three years of

601
00:28:27,720 --> 00:28:29,840
Speaker 2: no growth, we've now had two months in a row

602
00:28:29,840 --> 00:28:32,200
Speaker 2: of one percent increases for jobs, so that's good. This

603
00:28:32,240 --> 00:28:34,880
Speaker 2: is where the numbers get wonky. In my humble opinion,

604
00:28:35,080 --> 00:28:37,560
Speaker 2: these are month on month numbers and there's something going

605
00:28:37,640 --> 00:28:40,560
Speaker 2: on there that will will spread itself out over time.

606
00:28:40,560 --> 00:28:43,440
Speaker 2: But a Tigo's up sixteen percent in jobs, I mean

607
00:28:43,480 --> 00:28:46,080
Speaker 2: that could well be a single company doing something. I

608
00:28:46,120 --> 00:28:49,120
Speaker 2: don't know. But O Tigo's sixteen, Canterbury thirteen, Wellington eleven,

609
00:28:49,200 --> 00:28:51,880
Speaker 2: So that's big growth, but just be wary of that.

610
00:28:52,120 --> 00:28:54,960
Speaker 2: In terms of applications. But job Auckland's are up twenty percent.

611
00:28:55,000 --> 00:28:59,240
Speaker 2: That once again's weird that. Oh there's annual, it's not

612
00:28:59,360 --> 00:29:02,360
Speaker 2: monthly or god for that, so that makes more sense.

613
00:29:02,400 --> 00:29:03,880
Speaker 2: So I was asking about that off here. I was

614
00:29:03,880 --> 00:29:05,920
Speaker 2: thinking this doesn't seem to be right. So right, so

615
00:29:06,080 --> 00:29:10,400
Speaker 2: job applications per job ad in Auckland up twenty percent annually.

616
00:29:10,960 --> 00:29:14,400
Speaker 2: Why Catto up nineteen percent annually? So the industries were

617
00:29:14,440 --> 00:29:17,720
Speaker 2: the most job ad growth are design and architecture. I

618
00:29:17,720 --> 00:29:19,720
Speaker 2: mean that's got to be good, doesn't it mean architecture

619
00:29:19,760 --> 00:29:22,440
Speaker 2: for goodness sake, that's a luxury item. Consulting in strategy,

620
00:29:22,720 --> 00:29:28,640
Speaker 2: real estate, media and advertising. Who's that happening? Government and defense?

621
00:29:30,920 --> 00:29:31,320
Speaker 6: I don't know.

622
00:29:32,000 --> 00:29:34,040
Speaker 2: We need an expert on the case. Sir John Key

623
00:29:34,120 --> 00:29:38,960
Speaker 2: fortunately has come back from the super yacht just in

624
00:29:39,040 --> 00:29:42,320
Speaker 2: time to offer some advice after seven o'clock on the economy.

625
00:29:42,360 --> 00:29:45,080
Speaker 2: And then, as Thomas Coglin rightly wrote in the Herald

626
00:29:45,080 --> 00:29:46,840
Speaker 2: and do read that this morning, it's a brilliant piece

627
00:29:46,880 --> 00:29:49,320
Speaker 2: of writing. Toughest day at the office for Nikola willis,

628
00:29:49,400 --> 00:29:50,920
Speaker 2: She's willis after seven point thirty.

629
00:29:51,520 --> 00:29:54,560
Speaker 1: The only report you need to start your day, the

630
00:29:54,800 --> 00:29:58,720
Speaker 1: MI casking breakfast with Bailey's real Estate covering all your

631
00:29:58,760 --> 00:30:00,680
Speaker 1: real estate needs TOGS had.

632
00:30:00,560 --> 00:30:02,560
Speaker 2: Been seven past seven. It's hard to hide from a

633
00:30:02,640 --> 00:30:04,560
Speaker 2: number that bad, isn't it. Zero point nine is not

634
00:30:04,680 --> 00:30:06,520
Speaker 2: zero point three or anywhere close to it. And what

635
00:30:06,520 --> 00:30:08,320
Speaker 2: we felt in April and May and June was in

636
00:30:08,320 --> 00:30:10,240
Speaker 2: fact very real. The calls were already up for the

637
00:30:10,280 --> 00:30:13,080
Speaker 2: Finance Minister to quit. Sir John Key is back with us.

638
00:30:13,120 --> 00:30:17,600
Speaker 2: Good morning, Mike. Has the government mister trick and could

639
00:30:17,640 --> 00:30:19,440
Speaker 2: have should have gone harder earlier.

640
00:30:21,080 --> 00:30:25,000
Speaker 20: Look, there is saying that Ruth Richardson once had, which

641
00:30:25,160 --> 00:30:28,200
Speaker 20: was Montary policy needs mates, and that was her argument

642
00:30:28,240 --> 00:30:31,200
Speaker 20: when she was really tightening up the economy, that the

643
00:30:31,240 --> 00:30:35,600
Speaker 20: Reserve Bank needed that support because they were in tendem

644
00:30:35,640 --> 00:30:38,640
Speaker 20: working with the government. I think what you've seen over

645
00:30:38,640 --> 00:30:41,680
Speaker 20: the last eighteen months or so is a government that

646
00:30:41,800 --> 00:30:44,840
Speaker 20: has been working hard to get the economy straightened up

647
00:30:45,000 --> 00:30:48,960
Speaker 20: after frankly the mess it inherited, but it hasn't had

648
00:30:49,000 --> 00:30:51,400
Speaker 20: a mate in the Reserve Bank. And the Reserve Bank's

649
00:30:51,520 --> 00:30:54,960
Speaker 20: job very clearly over time has been to say in

650
00:30:55,040 --> 00:30:57,840
Speaker 20: straits need to come down. And I mean, look, two

651
00:30:57,880 --> 00:31:00,280
Speaker 20: months ago I got hammereds are saying in straight needs

652
00:31:00,280 --> 00:31:01,880
Speaker 20: to come down one hundred basis points.

653
00:31:01,880 --> 00:31:02,920
Speaker 2: Well, they came.

654
00:31:02,800 --> 00:31:04,960
Speaker 20: Down twenty five. They're going to come down another fifty.

655
00:31:05,000 --> 00:31:06,640
Speaker 20: You can put a ring around it in the next

656
00:31:07,320 --> 00:31:10,200
Speaker 20: month policy statement and they'll come down another twenty five

657
00:31:10,240 --> 00:31:13,040
Speaker 20: by Christmas. So the person that's not doing the job,

658
00:31:13,120 --> 00:31:15,120
Speaker 20: or the people that are not doing their job, are

659
00:31:15,160 --> 00:31:18,440
Speaker 20: the Reserve Bank, who, frankly, if they just walked around

660
00:31:18,480 --> 00:31:21,560
Speaker 20: Auckland and Wellington for five minutes, could have felt the

661
00:31:21,560 --> 00:31:25,120
Speaker 20: fact that the government needed help through Montro policy.

662
00:31:25,400 --> 00:31:27,960
Speaker 2: Right, So here's our registrates, here's your next problem. So

663
00:31:28,040 --> 00:31:30,160
Speaker 2: Luxeon's on this program a couple of weeks ago and

664
00:31:30,240 --> 00:31:33,040
Speaker 2: he goes at the the way you just have all

665
00:31:33,080 --> 00:31:35,000
Speaker 2: the op ed writers in the country start going, you

666
00:31:35,040 --> 00:31:38,120
Speaker 2: can't do that. It's independent. So what does a government

667
00:31:38,240 --> 00:31:40,520
Speaker 2: do when you've gotten competence not helping you.

668
00:31:42,920 --> 00:31:44,880
Speaker 3: Well, I mean, I guess they've done the things they

669
00:31:44,960 --> 00:31:45,360
Speaker 3: can do.

670
00:31:45,560 --> 00:31:47,480
Speaker 20: In the end of the Reserve Bank governor has left,

671
00:31:47,480 --> 00:31:51,280
Speaker 20: the Reserve Bank chairman has left. You know, they only

672
00:31:51,360 --> 00:31:53,920
Speaker 20: can do what they're able to do, which is a

673
00:31:54,000 --> 00:31:57,200
Speaker 20: point a new governor make make it clear that they're

674
00:31:57,240 --> 00:32:01,000
Speaker 20: frustrated by that. I don't think the government is either

675
00:32:01,080 --> 00:32:05,160
Speaker 20: trying to or needs to sit around and just solely

676
00:32:05,280 --> 00:32:07,960
Speaker 20: blame the Reserve Bank. I mean the Reserve Bank plays

677
00:32:08,000 --> 00:32:10,800
Speaker 20: a role in this, because anyone can tell you that

678
00:32:10,880 --> 00:32:14,000
Speaker 20: in straight they have been too high, particularly when you

679
00:32:14,040 --> 00:32:16,960
Speaker 20: look at as say the Auk and Wellington economy over

680
00:32:17,000 --> 00:32:19,520
Speaker 20: the last week. While I think what the government can

681
00:32:19,600 --> 00:32:22,040
Speaker 20: do is pull the levers that are within its control

682
00:32:22,200 --> 00:32:26,160
Speaker 20: now the bigger leavers around how it spends money, being

683
00:32:26,200 --> 00:32:28,440
Speaker 20: a bit tighter with the economy, getting rid of waste,

684
00:32:28,800 --> 00:32:31,560
Speaker 20: fast tracking things like RMA and all those good things

685
00:32:31,560 --> 00:32:33,200
Speaker 20: that they do, which by the way, take quite a

686
00:32:33,240 --> 00:32:34,520
Speaker 20: long time to flow through.

687
00:32:34,880 --> 00:32:35,880
Speaker 3: They're doing those.

688
00:32:36,320 --> 00:32:38,640
Speaker 20: But the bits that they can do in the short

689
00:32:38,720 --> 00:32:42,680
Speaker 20: term to help support a lower montary policy stands they

690
00:32:42,680 --> 00:32:45,000
Speaker 20: are starting to do. I mean these business visas high

691
00:32:45,320 --> 00:32:49,920
Speaker 20: with visas, minor changes they made made to foreign buyersed

692
00:32:50,000 --> 00:32:53,920
Speaker 20: ban migration changes that sit around those visas. Some of

693
00:32:53,920 --> 00:32:56,440
Speaker 20: those things are really good stuff and again they will

694
00:32:56,480 --> 00:32:57,200
Speaker 20: flow through.

695
00:32:57,840 --> 00:32:58,960
Speaker 2: So I'd sort of say to you.

696
00:32:59,040 --> 00:33:02,239
Speaker 20: Look, there's quite a number of different things going on.

697
00:33:02,320 --> 00:33:05,040
Speaker 20: This is a very unusual period in New Zealand history

698
00:33:05,080 --> 00:33:07,680
Speaker 20: because this has been the one time that you've seen

699
00:33:08,080 --> 00:33:12,160
Speaker 20: a very significant pullback in housing in Auckland and Wellington,

700
00:33:12,240 --> 00:33:15,320
Speaker 20: So about twenty five percent in Auckland, about thirty percent

701
00:33:15,400 --> 00:33:16,720
Speaker 20: in Wellington and.

702
00:33:16,840 --> 00:33:17,440
Speaker 2: All of that.

703
00:33:17,840 --> 00:33:20,560
Speaker 20: Whether all these people who hate housing and don't like

704
00:33:20,600 --> 00:33:23,440
Speaker 20: in all those agments. What that's done.

705
00:33:23,440 --> 00:33:25,000
Speaker 6: Is it's had two things.

706
00:33:25,000 --> 00:33:27,200
Speaker 20: One that's slowed down the construction sector and you can

707
00:33:27,200 --> 00:33:28,560
Speaker 20: see those numbers yesterday.

708
00:33:29,040 --> 00:33:32,000
Speaker 2: And the second thing is because people feel.

709
00:33:31,680 --> 00:33:35,360
Speaker 20: Like they're going backwards in their biggest asset, it strips

710
00:33:35,360 --> 00:33:38,160
Speaker 20: them of confidence. And that's my whole point. I think

711
00:33:38,200 --> 00:33:40,720
Speaker 20: the one thing the Prime Is can and will continue

712
00:33:40,720 --> 00:33:43,800
Speaker 20: to do is try and talk about the future because

713
00:33:43,960 --> 00:33:46,640
Speaker 20: all these things are behind us. Actually what's coming in

714
00:33:46,640 --> 00:33:48,959
Speaker 20: front of us is a lot better. But we need

715
00:33:49,000 --> 00:33:51,280
Speaker 20: to get our mojo back, We need to start feeling

716
00:33:51,360 --> 00:33:55,520
Speaker 20: confidence again. It's the you know, whether a government loosens migration,

717
00:33:55,720 --> 00:33:58,680
Speaker 20: whether the Reserve Bank hasn't stracts a little bit lower,

718
00:33:58,800 --> 00:34:01,200
Speaker 20: they all count for a certain map of what really

719
00:34:01,280 --> 00:34:04,080
Speaker 20: counts is do we feel like we're going forward and

720
00:34:04,120 --> 00:34:06,680
Speaker 20: if as a country you we do, we'll all start

721
00:34:06,760 --> 00:34:09,319
Speaker 20: doing things again and investing in moving right.

722
00:34:09,400 --> 00:34:11,279
Speaker 2: So to the poll this week that has a good

723
00:34:11,320 --> 00:34:14,560
Speaker 2: number of people blaming this current government for the economic

724
00:34:14,640 --> 00:34:17,839
Speaker 2: woes the politics of it. You enter next year into

725
00:34:17,880 --> 00:34:22,400
Speaker 2: an election, Douglas says, Sack Willis your prime minister. What

726
00:34:22,520 --> 00:34:22,960
Speaker 2: do you do.

727
00:34:25,600 --> 00:34:27,319
Speaker 3: Well, don't lose your nerve.

728
00:34:27,440 --> 00:34:30,840
Speaker 20: I mean, Nichola Willis is by far in the whole lineup,

729
00:34:31,120 --> 00:34:34,240
Speaker 20: the best person to be Minster of Finance. She worked

730
00:34:34,280 --> 00:34:39,320
Speaker 20: for me. I know Nikola very very well and she's outstanding,

731
00:34:39,760 --> 00:34:43,080
Speaker 20: so she is not blind to all of the challenges

732
00:34:43,120 --> 00:34:46,640
Speaker 20: we have. So firstly, don't lose confidence. The second thing

733
00:34:46,800 --> 00:34:49,840
Speaker 20: I'd say is don't lose confidence with the really good

734
00:34:50,040 --> 00:34:53,160
Speaker 20: macro things the government is doing. So yeah, if there

735
00:34:53,160 --> 00:34:55,960
Speaker 20: are some short term things that you can continue to

736
00:34:56,000 --> 00:34:59,560
Speaker 20: do to stimulate the economy, do all of those. But

737
00:34:59,640 --> 00:35:02,920
Speaker 20: my point you would be when someone asks the pulses today, look,

738
00:35:02,960 --> 00:35:04,600
Speaker 20: the economy is bad, your.

739
00:35:04,520 --> 00:35:05,360
Speaker 3: Jobs at risk.

740
00:35:06,160 --> 00:35:08,240
Speaker 20: Who are you going to blame? Well, by the definition

741
00:35:08,320 --> 00:35:10,400
Speaker 20: of course, you're going to blame the government of today.

742
00:35:10,800 --> 00:35:13,680
Speaker 20: Just don't forget that next year when we have the

743
00:35:13,800 --> 00:35:18,000
Speaker 20: ultimate poll called an election. It's not actually about is

744
00:35:18,040 --> 00:35:21,600
Speaker 20: the economy good or bad today, It's about choice of

745
00:35:21,719 --> 00:35:24,760
Speaker 20: who over the next three years do you want leading

746
00:35:24,840 --> 00:35:28,239
Speaker 20: the country. And frankly, given this mess was delivered to

747
00:35:28,360 --> 00:35:30,480
Speaker 20: us by the very same people who lead the Labor

748
00:35:30,560 --> 00:35:34,319
Speaker 20: Party today and then throwing the a very radical Maror

749
00:35:34,480 --> 00:35:37,960
Speaker 20: Party and a very radical Green Party, you tell me

750
00:35:38,160 --> 00:35:41,600
Speaker 20: why the economic cocktail that New Zealand would be operating

751
00:35:41,719 --> 00:35:45,359
Speaker 20: under would be anything other than catastrophe. So I think

752
00:35:45,360 --> 00:35:49,560
Speaker 20: when middle New Zealanders face that choice, they will continue

753
00:35:49,560 --> 00:35:52,840
Speaker 20: to give their support to the right block of National

754
00:35:52,840 --> 00:35:54,360
Speaker 20: New Zealand first and act well.

755
00:35:54,400 --> 00:35:55,960
Speaker 2: I's appreciate your time, having a good week in Sir

756
00:35:56,080 --> 00:35:59,920
Speaker 2: John Keith Nichola Willison. After seven thirty to thirteen Past.

757
00:36:01,400 --> 00:36:05,840
Speaker 1: The High Asking Breakfast Full Show podcast on iHeartRadio powered

758
00:36:05,840 --> 00:36:06,840
Speaker 1: by News Talks.

759
00:36:06,560 --> 00:36:09,719
Speaker 2: At B Tim Cody after right sixteen. By the way,

760
00:36:09,719 --> 00:36:13,600
Speaker 2: Australia did their their big emissions number yesterday around Paris

761
00:36:13,640 --> 00:36:15,839
Speaker 2: and some of the ball Hell's broken, Lissa. We'll talk

762
00:36:15,880 --> 00:36:17,880
Speaker 2: to Sam Memory about that later in the program. Sixteen

763
00:36:17,920 --> 00:36:20,919
Speaker 2: past related matters to New Zealand and they're talking wood

764
00:36:20,920 --> 00:36:23,240
Speaker 2: in China at the moment. This is the Nanging Wool conference.

765
00:36:23,760 --> 00:36:26,200
Speaker 2: We've got a team set to promote our premium strong wall.

766
00:36:26,320 --> 00:36:28,520
Speaker 2: China's our biggest recipient, one hundred and seventy six million

767
00:36:28,520 --> 00:36:31,520
Speaker 2: dollars worth a year. Mark Patterson is the Associate Minister

768
00:36:31,600 --> 00:36:34,600
Speaker 2: for Agriculture and is in China and is with us.

769
00:36:34,520 --> 00:36:35,839
Speaker 13: Morning Morning, Mike.

770
00:36:36,040 --> 00:36:38,640
Speaker 2: The strong wool story. How hard a sell is it

771
00:36:38,680 --> 00:36:39,760
Speaker 2: in a place like China?

772
00:36:39,800 --> 00:36:44,680
Speaker 13: At the moment, Well Wolves making a bit of a comeback.

773
00:36:44,800 --> 00:36:49,799
Speaker 13: It's coining momentum. Actually, we've got well sitting an eight

774
00:36:49,880 --> 00:36:55,759
Speaker 13: year high price wise and witness day, you know. Or

775
00:36:56,480 --> 00:37:00,640
Speaker 13: there was a signing up here yesterday of New Zealand,

776
00:37:00,719 --> 00:37:04,719
Speaker 13: three major carpet manufacturers over here signing up, so that

777
00:37:04,719 --> 00:37:05,480
Speaker 13: it's really.

778
00:37:05,320 --> 00:37:07,719
Speaker 2: Good, it's fantastic. Is that part of the China story?

779
00:37:07,760 --> 00:37:09,440
Speaker 2: I mean, I know it's a big country, but do

780
00:37:09,480 --> 00:37:12,319
Speaker 2: you get a sense of where China is at economically?

781
00:37:12,440 --> 00:37:15,560
Speaker 2: That deal you signed is that a Is that a

782
00:37:15,680 --> 00:37:17,600
Speaker 2: bullish China? Or we just don't know.

783
00:37:19,239 --> 00:37:21,880
Speaker 13: No, I think you know it's a bit subdued over here.

784
00:37:21,920 --> 00:37:25,160
Speaker 13: Everyone's saying, but I think this is this is different.

785
00:37:25,200 --> 00:37:28,640
Speaker 13: This is a return to natural fiber is part of

786
00:37:28,640 --> 00:37:32,280
Speaker 13: a wider trend and if we look at say Icebreak

787
00:37:32,400 --> 00:37:35,720
Speaker 13: for example, this is their store in Shanghai yesterday, twenty

788
00:37:35,760 --> 00:37:40,120
Speaker 13: five stores in China, fifty by March and one hundred

789
00:37:40,200 --> 00:37:44,279
Speaker 13: medium term. They saying, so it is a return to war,

790
00:37:44,320 --> 00:37:45,640
Speaker 13: which is great news for New Zealand.

791
00:37:45,760 --> 00:37:48,200
Speaker 2: Fantastic one hundred and seventy six million dollars worth of

792
00:37:48,200 --> 00:37:51,560
Speaker 2: business for the country. What's the potential for that do

793
00:37:51,640 --> 00:37:52,120
Speaker 2: you think?

794
00:37:54,160 --> 00:37:55,719
Speaker 13: Oh, well, I think it's going to be far higher

795
00:37:55,760 --> 00:37:58,920
Speaker 13: than that. And you know obviously that example with Icebreak,

796
00:37:59,040 --> 00:38:03,879
Speaker 13: it's a fourfold increase. But we'll get a big wall

797
00:38:03,880 --> 00:38:06,839
Speaker 13: conference up here over weekend, so we'll get a bit

798
00:38:06,920 --> 00:38:10,359
Speaker 13: of seats of that. But you know, we're confident we'll

799
00:38:10,360 --> 00:38:13,319
Speaker 13: do more than our share of doubling exports over the

800
00:38:13,320 --> 00:38:14,080
Speaker 13: next ten years.

801
00:38:14,160 --> 00:38:16,799
Speaker 2: Good when it comes to strong wall things like carpets,

802
00:38:17,040 --> 00:38:19,960
Speaker 2: who do we compete against and how much of it's

803
00:38:19,960 --> 00:38:22,720
Speaker 2: about just sheer quality? Do you have a quality story

804
00:38:22,760 --> 00:38:24,480
Speaker 2: within the strong wall market?

805
00:38:25,680 --> 00:38:25,919
Speaker 17: Yeah?

806
00:38:26,040 --> 00:38:30,279
Speaker 13: New Zealand produces the premiere strong white walls in the world,

807
00:38:30,360 --> 00:38:33,839
Speaker 13: so it's very much quality story for us. We're still

808
00:38:33,840 --> 00:38:36,600
Speaker 13: the third biggest exporder in the world. Australia is the

809
00:38:36,719 --> 00:38:42,160
Speaker 13: biggest competitive but our walls are superior, so we're really

810
00:38:42,239 --> 00:38:44,400
Speaker 13: well positioned to go forward here.

811
00:38:44,560 --> 00:38:46,680
Speaker 2: And what a farmer feel good about that? Because the

812
00:38:46,719 --> 00:38:49,040
Speaker 2: strong wall farmer has had a tough time of it.

813
00:38:49,120 --> 00:38:51,680
Speaker 2: Should I feel good about what's going on in a

814
00:38:51,760 --> 00:38:53,000
Speaker 2: return to natural fibers?

815
00:38:54,200 --> 00:38:57,000
Speaker 13: Yeah, well, you know, the farmers will be the listing

816
00:38:57,040 --> 00:38:59,879
Speaker 13: will be saying, you know, the price is still too low,

817
00:39:00,080 --> 00:39:01,960
Speaker 13: but you know we're at an eight year high and

818
00:39:02,040 --> 00:39:07,520
Speaker 13: steadily climbing, which is a great sign. And that's that's

819
00:39:07,560 --> 00:39:10,440
Speaker 13: two parts of that. I mean, the supply has been declining,

820
00:39:10,880 --> 00:39:15,520
Speaker 13: but demand's definitely ramping up, which is what's really needed exactly.

821
00:39:15,560 --> 00:39:17,959
Speaker 2: All right, go well, Mark Patterson, who's the Associate minist

822
00:39:18,000 --> 00:39:20,799
Speaker 2: of Agriculture. Yes, you're asking yourself. He's in China, Mike,

823
00:39:20,840 --> 00:39:22,320
Speaker 2: what time as that? Well, it's the early hours of

824
00:39:22,360 --> 00:39:25,560
Speaker 2: the morning. I will to be full declaration because he wins,

825
00:39:25,600 --> 00:39:27,560
Speaker 2: of course, the Simon Wat's Award this week for turning

826
00:39:27,600 --> 00:39:30,880
Speaker 2: up and the unusual hours. We did pre record that

827
00:39:30,920 --> 00:39:33,160
Speaker 2: earlier this morning, but it was midnight in China and

828
00:39:33,200 --> 00:39:35,640
Speaker 2: he stayed up specifically in China for us to do that.

829
00:39:35,719 --> 00:39:39,000
Speaker 2: So the Simon Watts Award goes to Mark Patterson for

830
00:39:39,080 --> 00:39:41,239
Speaker 2: the week. Mike, silly question, But am I correct in

831
00:39:41,360 --> 00:39:44,080
Speaker 2: understanding the economic success is simply a confidence going. It's

832
00:39:44,120 --> 00:39:45,880
Speaker 2: not a silly question at all. In fact, it's a

833
00:39:45,960 --> 00:39:47,960
Speaker 2: very very good question, and I think Key answered that

834
00:39:48,040 --> 00:39:51,120
Speaker 2: very nicely, and that is I mean, you need the fundamentals, obviously,

835
00:39:51,640 --> 00:39:54,600
Speaker 2: but you do need the confidence, and the confidence decision

836
00:39:55,120 --> 00:39:57,879
Speaker 2: is an individual one for us each to make. Morning Mike,

837
00:39:58,239 --> 00:40:00,160
Speaker 2: I like that you called out the doctor's union. The

838
00:40:00,160 --> 00:40:02,400
Speaker 2: strike well done. I look come between a rock and

839
00:40:02,440 --> 00:40:04,360
Speaker 2: a hard place when it comes to the medical professionals

840
00:40:04,400 --> 00:40:06,600
Speaker 2: and the teachers. We all love teachers, we all love nurses,

841
00:40:06,640 --> 00:40:09,440
Speaker 2: we all love doctors. But when you've got no money

842
00:40:09,680 --> 00:40:11,479
Speaker 2: and you're always short, I mean, tell me a time.

843
00:40:11,600 --> 00:40:13,160
Speaker 2: Just go find me a time and a date. If

844
00:40:13,200 --> 00:40:16,200
Speaker 2: you can find me a unionist anytime in the last

845
00:40:16,239 --> 00:40:18,040
Speaker 2: forty five years that I've been and broadcast, and go

846
00:40:18,080 --> 00:40:20,759
Speaker 2: find me a unist. Bring me the comment where the

847
00:40:20,840 --> 00:40:22,920
Speaker 2: unionist said publicly, I tell you what things are going

848
00:40:22,960 --> 00:40:25,560
Speaker 2: pretty well. I tell you what my representatives at the moment,

849
00:40:25,560 --> 00:40:28,360
Speaker 2: my doctors, my nurses, they're enjoying life, they're earning about

850
00:40:28,360 --> 00:40:30,600
Speaker 2: what they should be earning. We're not overly short of people.

851
00:40:30,640 --> 00:40:32,640
Speaker 2: At the moment, things in our sector are going pretty well.

852
00:40:32,840 --> 00:40:35,560
Speaker 2: Go find me a unionist that ever said that, and

853
00:40:35,600 --> 00:40:38,040
Speaker 2: I'll give you a thousand bucks. Seven twenty one.

854
00:40:39,840 --> 00:40:44,520
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio, Power

855
00:40:44,719 --> 00:40:46,080
Speaker 1: My News Talk Zippy.

856
00:40:47,800 --> 00:40:48,000
Speaker 6: Now.

857
00:40:48,120 --> 00:40:49,719
Speaker 2: Time down to mark the week seven twenty three. By

858
00:40:49,719 --> 00:40:51,320
Speaker 2: the way, little piece of news and carent of incidents

859
00:40:51,360 --> 00:40:53,240
Speaker 2: as popular as a whole bunch of horses, some shiny

860
00:40:53,280 --> 00:40:55,760
Speaker 2: brass and a carriage ride for an old egotist from Washington.

861
00:40:56,480 --> 00:41:01,520
Speaker 2: Farmer Confidence eight in an economic world of woe, are

862
00:41:01,520 --> 00:41:03,239
Speaker 2: good to see a decent chunk of people doing well

863
00:41:03,280 --> 00:41:10,080
Speaker 2: and enjoying it. Women, sex, ladies. What's the problem the

864
00:41:10,120 --> 00:41:14,759
Speaker 2: consumer confidence numbers? Men are almost optimistic at the moment,

865
00:41:14,800 --> 00:41:17,439
Speaker 2: on the verge of actually being positive. That's men, that's us.

866
00:41:17,560 --> 00:41:21,239
Speaker 2: The women and the doldrums. What's going on? GDP two? Yeah,

867
00:41:21,320 --> 00:41:24,280
Speaker 2: probably what's going on? A shopping the butter? Is that sexist?

868
00:41:24,280 --> 00:41:28,160
Speaker 2: That's probably sexist? Sort of the turgid really I mean that,

869
00:41:28,120 --> 00:41:31,160
Speaker 2: I mean yes, they sort of the turgid rank icing

870
00:41:31,200 --> 00:41:33,400
Speaker 2: on the rotten economic cake. I mean, how does a

871
00:41:33,400 --> 00:41:35,239
Speaker 2: reserve bank. Not see a contraction of that science for

872
00:41:35,280 --> 00:41:39,080
Speaker 2: goodness sake. Eden Park's seven Yes best near as the

873
00:41:39,080 --> 00:41:41,840
Speaker 2: Weakest Reality finally arrived in suburban Auckland. I been have

874
00:41:41,960 --> 00:41:46,160
Speaker 2: a massive facility and actually use it. How novel teaches

875
00:41:46,360 --> 00:41:49,640
Speaker 2: four got'll be honest, they support penduluma, swung against you,

876
00:41:49,680 --> 00:41:52,400
Speaker 2: hashtag over played your hand. Not to mention the doctors

877
00:41:52,840 --> 00:41:56,680
Speaker 2: and the nurses. Jordie Bemershaik living the dream, Hamish Kurt eight,

878
00:41:58,040 --> 00:42:03,120
Speaker 2: same thing, holiday travel six alone. I mean you can't

879
00:42:03,200 --> 00:42:05,480
Speaker 2: argive you those numbers. Someone's got money and someone is

880
00:42:05,480 --> 00:42:08,879
Speaker 2: looking for the good times? Are Watties five? Oh boy,

881
00:42:08,920 --> 00:42:10,480
Speaker 2: I'll get an update on that for you. There's something

882
00:42:10,520 --> 00:42:12,680
Speaker 2: going on with China as regards the peachers anyway. The

883
00:42:12,719 --> 00:42:15,359
Speaker 2: intersection of rhetoric, Oh, I always buy local and the

884
00:42:15,400 --> 00:42:18,839
Speaker 2: reality what three ninety third world does them for ninety

885
00:42:18,920 --> 00:42:24,760
Speaker 2: nine cents? RAM seven, No wrong Ram, that's the better

886
00:42:24,840 --> 00:42:28,640
Speaker 2: Ram killed the ev version of the truck. Guess why?

887
00:42:28,840 --> 00:42:37,760
Speaker 2: The intersection of rhetoric and reality. Fiji Airways seven Apex Awards.

888
00:42:37,760 --> 00:42:39,719
Speaker 2: They won it one of the best allianes in the world. Now,

889
00:42:39,760 --> 00:42:41,799
Speaker 2: the story there is that they weren't always that they

890
00:42:41,800 --> 00:42:44,120
Speaker 2: were down in the like one hundred and five from

891
00:42:44,120 --> 00:42:46,200
Speaker 2: where they were to where they are. That is a turnaround.

892
00:42:46,200 --> 00:42:53,919
Speaker 2: Good story, Virgin speaking of Elements and Pets. Seven game

893
00:42:54,040 --> 00:42:55,879
Speaker 2: changer Shane Jones.

894
00:42:55,600 --> 00:42:58,080
Speaker 3: Six change, it's my hardy.

895
00:42:58,200 --> 00:43:00,000
Speaker 2: Don we already think he was the deputy? I think

896
00:43:00,040 --> 00:43:07,480
Speaker 2: we did, didn't we? Benjamin Doyle too, I was waiting

897
00:43:07,520 --> 00:43:11,880
Speaker 2: for something. Libelers there what a halfler, self aggrandizing waste

898
00:43:11,880 --> 00:43:13,520
Speaker 2: of time. I mean, the Greens really do have a

899
00:43:13,600 --> 00:43:16,120
Speaker 2: massive credibility issue when it comes to candidate police and

900
00:43:16,160 --> 00:43:19,160
Speaker 2: don't they mean that the turnover and that party's embarrassing

901
00:43:19,200 --> 00:43:23,240
Speaker 2: Jimmy Kimmel three Now, no, no, it's not a catween.

902
00:43:24,640 --> 00:43:25,200
Speaker 2: God's sake.

903
00:43:25,239 --> 00:43:27,560
Speaker 21: If they be ambitious, this is the most sound effects

904
00:43:27,560 --> 00:43:28,760
Speaker 21: I've ever tried to put in today.

905
00:43:29,440 --> 00:43:32,160
Speaker 2: I'm not working for you. We'll sack you now. If

906
00:43:32,160 --> 00:43:34,040
Speaker 2: they've stuck with being light and entertaining, isn't that the

907
00:43:34,120 --> 00:43:35,719
Speaker 2: key that Leno said the other day when he was

908
00:43:35,719 --> 00:43:37,799
Speaker 2: doing the shows, to just keep it light. I mean

909
00:43:37,840 --> 00:43:39,520
Speaker 2: all the angst in those shows these days now, the

910
00:43:39,520 --> 00:43:42,839
Speaker 2: AB's four over reaction of the week. I mean, yes

911
00:43:42,840 --> 00:43:44,719
Speaker 2: we lost, and yes we lost badly, but last week

912
00:43:44,840 --> 00:43:47,080
Speaker 2: or the week before we won brilliantly. I mean that's

913
00:43:47,080 --> 00:43:50,239
Speaker 2: elite sport, not every days your day. The Warrior seven

914
00:43:51,040 --> 00:43:53,560
Speaker 2: on the whole a pretty good season. I mean, yes,

915
00:43:53,560 --> 00:43:55,920
Speaker 2: we need more new, better players. But out of the

916
00:43:55,920 --> 00:43:58,200
Speaker 2: thirty one seasons I've been following, this was one of

917
00:43:58,200 --> 00:44:00,560
Speaker 2: the better seasons. And that is the week copies on

918
00:44:00,560 --> 00:44:02,399
Speaker 2: the website and as always the marking of the week

919
00:44:02,440 --> 00:44:05,279
Speaker 2: welcome gift basket is available in all superior rooms and

920
00:44:05,360 --> 00:44:11,799
Speaker 2: above at all Quest service departments these holidays. So way

921
00:44:12,320 --> 00:44:15,319
Speaker 2: John Posky, John Key such a clear thinker and can

922
00:44:15,360 --> 00:44:17,880
Speaker 2: talk in such a relatable way that we all understand.

923
00:44:17,960 --> 00:44:21,400
Speaker 2: Luckxsin's communications advisors should take note of a style of presentation. Michael,

924
00:44:21,640 --> 00:44:23,799
Speaker 2: you make a reasonable point, but I mean that you

925
00:44:23,840 --> 00:44:26,239
Speaker 2: don't have advisors to tell you to talk differently. It's

926
00:44:26,280 --> 00:44:28,840
Speaker 2: a gift. You either got it or you haven't. Nikola

927
00:44:28,880 --> 00:44:32,279
Speaker 2: Willis Roger wants it gone. John says no, he knows

928
00:44:32,280 --> 00:44:33,960
Speaker 2: her and she's the woman for the job, so we'll

929
00:44:33,960 --> 00:44:36,160
Speaker 2: talk to her in a couple of moments. Sam Emery.

930
00:44:36,200 --> 00:44:39,239
Speaker 2: As I mentioned from Australia, the employment numbers yesterday weren't

931
00:44:39,239 --> 00:44:42,840
Speaker 2: particularly flash and they did release their their whole Paris numbers,

932
00:44:42,840 --> 00:44:44,800
Speaker 2: and that's been sort of a big build up. And

933
00:44:44,920 --> 00:44:47,360
Speaker 2: on the back of that report anyway, they sort of

934
00:44:47,680 --> 00:44:49,880
Speaker 2: come somewhere in the middle. So we'll look at that

935
00:44:49,920 --> 00:44:50,600
Speaker 2: for you as well.

936
00:44:52,239 --> 00:44:56,200
Speaker 1: New Zealand's voice of Reason is Mike the Mic asking

937
00:44:56,280 --> 00:45:01,319
Speaker 1: breakfast with Veda, Retirement, Communities, Life, your News Talk sad B.

938
00:45:01,360 --> 00:45:06,680
Speaker 2: Twenty three to no minus zero point nine. When we

939
00:45:06,719 --> 00:45:08,560
Speaker 2: talk of the Q three bounce back, this is the problem.

940
00:45:08,640 --> 00:45:12,080
Speaker 2: Bouncing back from say zero point three is way easier

941
00:45:12,120 --> 00:45:15,360
Speaker 2: than it would be now seemingly. Is it possible that

942
00:45:15,440 --> 00:45:18,160
Speaker 2: Q three may in fact not have enough bounce to

943
00:45:18,239 --> 00:45:19,840
Speaker 2: be back in the black, and that then leads to

944
00:45:19,880 --> 00:45:21,560
Speaker 2: a recession? So what do we make of all of this?

945
00:45:21,640 --> 00:45:23,880
Speaker 2: Nicola Willison's, of course the finance minister, and there is well,

946
00:45:23,880 --> 00:45:24,960
Speaker 2: it's very good morning to you.

947
00:45:25,960 --> 00:45:26,719
Speaker 11: Good morning mate.

948
00:45:26,760 --> 00:45:30,760
Speaker 2: The reason I asked that particular question is manufacturing, for example,

949
00:45:30,760 --> 00:45:32,600
Speaker 2: the other day is still in contraction. Here we are

950
00:45:32,600 --> 00:45:34,680
Speaker 2: at the latter part of Q three. Manufacturing, one of

951
00:45:34,719 --> 00:45:36,239
Speaker 2: the things that led us down so badly in Q

952
00:45:36,280 --> 00:45:40,880
Speaker 2: two is still in contraction. Could we be heading for

953
00:45:41,160 --> 00:45:41,760
Speaker 2: a recession?

954
00:45:42,840 --> 00:45:45,839
Speaker 11: Well, there are some very good signs. You've got electronic

955
00:45:45,960 --> 00:45:49,919
Speaker 11: card transactions values up, you've got retail spending up. You're

956
00:45:49,920 --> 00:45:53,920
Speaker 11: seeing that job adds are up the most significantly in

957
00:45:54,040 --> 00:45:58,080
Speaker 11: many years. You've got migration data starting to improve and

958
00:45:58,640 --> 00:46:02,959
Speaker 11: most significantly make over the next six months. We're looking

959
00:46:03,000 --> 00:46:06,360
Speaker 11: at around half of mortgages going on to lower rates,

960
00:46:06,520 --> 00:46:08,720
Speaker 11: and that means that there will be more cash flowing

961
00:46:08,840 --> 00:46:12,040
Speaker 11: into the economy. And actually that manufacturing index and that

962
00:46:12,120 --> 00:46:16,279
Speaker 11: services index they have recovered a little bit. So the

963
00:46:16,280 --> 00:46:19,200
Speaker 11: economists tell me there's every reason to believe that the

964
00:46:19,320 --> 00:46:22,360
Speaker 11: third quarter, the one we're in right now, we are growing.

965
00:46:22,400 --> 00:46:24,920
Speaker 11: And in fact, Treasury advised me that up to half

966
00:46:25,120 --> 00:46:28,799
Speaker 11: of the data for the quarter just being has been

967
00:46:28,840 --> 00:46:32,400
Speaker 11: affected by seasonality and measurement issues. And we know in

968
00:46:32,440 --> 00:46:34,960
Speaker 11: the first three months of this year we grew at

969
00:46:35,080 --> 00:46:38,279
Speaker 11: zero point nine percent, three times as fast as Australia did,

970
00:46:38,600 --> 00:46:42,680
Speaker 11: twice as fast as economists were forecasting. So we shouldn't

971
00:46:42,800 --> 00:46:46,200
Speaker 11: overreact to a bad quarter. We've got to keep playing

972
00:46:46,239 --> 00:46:49,000
Speaker 11: the full game. We've got to dig in, we've got

973
00:46:49,080 --> 00:46:51,120
Speaker 11: to do the things that we know and needed for

974
00:46:51,160 --> 00:46:53,600
Speaker 11: this economy, and that is what our government is doing.

975
00:46:53,800 --> 00:46:53,880
Speaker 6: Right.

976
00:46:53,960 --> 00:46:55,560
Speaker 2: I'll let you do that because you're allowed to do it,

977
00:46:55,600 --> 00:46:57,920
Speaker 2: because that's your political defense. One of the examples you

978
00:46:57,960 --> 00:47:00,760
Speaker 2: just gave was the services sector services still contracting.

979
00:47:02,400 --> 00:47:06,719
Speaker 11: Well, the PSI has shown some improvements from where it was,

980
00:47:07,320 --> 00:47:09,880
Speaker 11: and what we are seeing is that actually in these numbers,

981
00:47:09,920 --> 00:47:13,040
Speaker 11: the amount of investment going into intangible are sets, so

982
00:47:13,040 --> 00:47:15,719
Speaker 11: software and technology and the like is actually going up.

983
00:47:16,560 --> 00:47:19,120
Speaker 11: So there are mixed signs. No one's saying that we

984
00:47:19,200 --> 00:47:21,920
Speaker 11: wanted to see negative growth in the second quarter. The

985
00:47:22,040 --> 00:47:24,640
Speaker 11: question for the government is what are the things we

986
00:47:24,640 --> 00:47:28,440
Speaker 11: should do to ensure that businesses are confident about investing,

987
00:47:28,840 --> 00:47:31,439
Speaker 11: about hiring people, about growing. When I talk to them,

988
00:47:31,520 --> 00:47:35,080
Speaker 11: they say, get some big fast track projects out the door. Well,

989
00:47:35,239 --> 00:47:39,480
Speaker 11: yesterday we had the first major fast track housing project,

990
00:47:39,560 --> 00:47:41,880
Speaker 11: Endorse that's going to bring hundreds of millions of dollars

991
00:47:41,960 --> 00:47:45,160
Speaker 11: and hundreds of jobs into Nelson, create hundreds of houses

992
00:47:45,719 --> 00:47:47,160
Speaker 11: happening because of our fast track.

993
00:47:47,280 --> 00:47:49,439
Speaker 2: Well, Nelson's closing down. I don't know if you've seen

994
00:47:49,480 --> 00:47:52,399
Speaker 2: the food and proper chips is going and the sawmills gone,

995
00:47:52,440 --> 00:47:54,399
Speaker 2: so they'll need something that None of that's your fault.

996
00:47:54,440 --> 00:47:56,000
Speaker 2: I get it. Look, do you worry about the d

997
00:47:56,120 --> 00:47:58,799
Speaker 2: industrialization of this country. When you're looking at manufacturing, once

998
00:47:58,800 --> 00:48:00,600
Speaker 2: a manufacturer closes, that reopen.

999
00:48:01,400 --> 00:48:04,760
Speaker 11: We are very focused on energy policy because it's clear

1000
00:48:04,920 --> 00:48:09,040
Speaker 11: that countries whose energy becomes less affordable find it difficult

1001
00:48:09,080 --> 00:48:12,200
Speaker 11: to support manufacturing. And there's no question that the massive

1002
00:48:12,239 --> 00:48:17,480
Speaker 11: declines and gas have led to higher spiking prices and electricity. Now,

1003
00:48:17,480 --> 00:48:19,279
Speaker 11: of course that's a legacy left to us by the

1004
00:48:19,360 --> 00:48:21,680
Speaker 11: last guys, but we're looking at the energy system to

1005
00:48:21,840 --> 00:48:25,880
Speaker 11: ensure that we're getting the investments and electricity generation and

1006
00:48:26,000 --> 00:48:29,840
Speaker 11: future that mean that we will have affordable energy that

1007
00:48:29,960 --> 00:48:32,040
Speaker 11: is essential to any economy, which is why it was

1008
00:48:32,080 --> 00:48:34,800
Speaker 11: so reckless to ban the exploration of oil and gas.

1009
00:48:34,920 --> 00:48:36,799
Speaker 2: Yeah, I look at that poll this week. The one

1010
00:48:36,800 --> 00:48:38,480
Speaker 2: that really interested me and you will have seen it,

1011
00:48:38,520 --> 00:48:40,640
Speaker 2: is the number of people who now blame you. See,

1012
00:48:40,640 --> 00:48:43,239
Speaker 2: my argument's always been you get your first term, do

1013
00:48:43,280 --> 00:48:44,640
Speaker 2: whatever you like, and then you go back to the

1014
00:48:44,640 --> 00:48:46,319
Speaker 2: people and get a crack for a second term. In

1015
00:48:46,400 --> 00:48:48,759
Speaker 2: history tells us, broadly speaking, that's how it happens. The

1016
00:48:48,840 --> 00:48:52,520
Speaker 2: number of people who now blame you surprises me, and

1017
00:48:52,600 --> 00:48:55,960
Speaker 2: that's your political reality. What do you do about it?

1018
00:48:56,880 --> 00:49:01,000
Speaker 11: Well, we have just been through three very difficult months,

1019
00:49:01,040 --> 00:49:03,719
Speaker 11: as the data shows. And I don't blame people who

1020
00:49:03,760 --> 00:49:06,600
Speaker 11: say I want this economy fixed. That's what we're getting

1021
00:49:06,600 --> 00:49:08,880
Speaker 11: on and doing. The real question is what is the

1022
00:49:08,920 --> 00:49:12,640
Speaker 11: prescription that people would prefer. Would they prefer a labor

1023
00:49:12,840 --> 00:49:15,799
Speaker 11: Mardy to party green scenario Where the answers I've heard

1024
00:49:15,840 --> 00:49:20,839
Speaker 11: so far is let inflation go higher, spend more, borrow more,

1025
00:49:21,200 --> 00:49:23,719
Speaker 11: tax more. And I don't think that that is a

1026
00:49:23,719 --> 00:49:25,759
Speaker 11: recipe that New Zealanders will vote for.

1027
00:49:25,840 --> 00:49:26,719
Speaker 22: They're smarter than that.

1028
00:49:27,000 --> 00:49:29,680
Speaker 11: They tried that last time and it didn't lead to

1029
00:49:29,719 --> 00:49:32,600
Speaker 11: a good place. It drove our economy into the ditch,

1030
00:49:32,640 --> 00:49:34,799
Speaker 11: and we're doing the things needed to keep it going.

1031
00:49:35,480 --> 00:49:37,960
Speaker 2: Can I suggest to you you, mister trick yesterday or

1032
00:49:37,960 --> 00:49:39,759
Speaker 2: you lost the room when you were trying to tell

1033
00:49:39,800 --> 00:49:42,200
Speaker 2: us the number of countries that went backwards? The reality

1034
00:49:42,239 --> 00:49:44,719
Speaker 2: is the ones we play with, China, the US, Australia, Japan,

1035
00:49:44,800 --> 00:49:47,839
Speaker 2: the OECD, the EU, Europe, They're all went forward. So

1036
00:49:47,960 --> 00:49:52,160
Speaker 2: you're but Donald hurt us. They didn't hurt them. So

1037
00:49:52,200 --> 00:49:54,960
Speaker 2: how come wear the out well? How came wear the outlier.

1038
00:49:55,200 --> 00:49:56,080
Speaker 11: Well on that list?

1039
00:49:56,480 --> 00:49:56,719
Speaker 22: Mike?

1040
00:49:56,800 --> 00:49:58,719
Speaker 11: Actually, Germany did go backwards in this life.

1041
00:49:58,719 --> 00:50:01,360
Speaker 2: I didn't say Germany. I said the and the euro sector.

1042
00:50:01,400 --> 00:50:03,400
Speaker 2: Canada is your only one that went backwards a little bit.

1043
00:50:03,440 --> 00:50:06,879
Speaker 2: I mean most countries survived and survived. Okay, we are

1044
00:50:06,960 --> 00:50:09,440
Speaker 2: an outlier why.

1045
00:50:08,960 --> 00:50:11,560
Speaker 11: We were in the second quarter, But equally, as I say,

1046
00:50:11,640 --> 00:50:15,319
Speaker 11: in the first quarter, we had relatively high levels of

1047
00:50:15,360 --> 00:50:18,480
Speaker 11: growth compared to many of those countries. And my view

1048
00:50:18,560 --> 00:50:21,920
Speaker 11: on why the Trump tariff announcement, which remember happened on

1049
00:50:21,920 --> 00:50:24,600
Speaker 11: the second day of the quarter, that this data relates

1050
00:50:24,640 --> 00:50:27,560
Speaker 11: to my view is that it really knocked the stuffling

1051
00:50:27,560 --> 00:50:30,200
Speaker 11: out of confidence. You saw that and all the confidence data.

1052
00:50:30,280 --> 00:50:35,319
Speaker 11: Business confidence slumped, household confidence slumped, and people basically tucked

1053
00:50:35,400 --> 00:50:38,120
Speaker 11: up their wallets, put their plans away in a locker.

1054
00:50:38,640 --> 00:50:41,439
Speaker 11: And we saw that in terms of investment that which

1055
00:50:41,520 --> 00:50:45,160
Speaker 11: reduced significantly during that period. I think there is no

1056
00:50:45,280 --> 00:50:48,120
Speaker 11: question that the Trump tariff announcements had an effect on

1057
00:50:48,160 --> 00:50:50,680
Speaker 11: the sentiment in New Zealand. We now have more certainty

1058
00:50:51,480 --> 00:50:54,240
Speaker 11: and we have signs that people are feeling more confident

1059
00:50:54,239 --> 00:50:57,280
Speaker 11: about investing and spending now and into the future.

1060
00:50:57,840 --> 00:50:59,400
Speaker 2: I know you're probably not going to answer this the

1061
00:50:59,400 --> 00:51:01,960
Speaker 2: way it shall be answered, but the Reserve Bank, I mean,

1062
00:51:02,560 --> 00:51:04,000
Speaker 2: at the end of the day. When Luxem came on

1063
00:51:04,040 --> 00:51:05,520
Speaker 2: this program and had to crack at them a couple

1064
00:51:05,560 --> 00:51:08,000
Speaker 2: of weeks ago, everyone got angsty about it and their independence.

1065
00:51:08,440 --> 00:51:12,040
Speaker 2: You can't hide from the fact that their level of

1066
00:51:12,080 --> 00:51:16,160
Speaker 2: incompetence is bordering on being criminal, and you're wearing the

1067
00:51:16,200 --> 00:51:18,600
Speaker 2: political cost of that, aren't you. Well.

1068
00:51:18,680 --> 00:51:20,640
Speaker 11: I'm allowed to state of fact, which is that the

1069
00:51:20,680 --> 00:51:24,279
Speaker 11: Reserve Bank completely underestimated the decline that happened in the

1070
00:51:24,320 --> 00:51:27,000
Speaker 11: second quarter and that was the point where they decided

1071
00:51:27,000 --> 00:51:31,760
Speaker 11: to hold rates. I'm also allowed to say that, thank goodness,

1072
00:51:31,800 --> 00:51:34,040
Speaker 11: they made a pivot in August to focus on the

1073
00:51:34,040 --> 00:51:37,399
Speaker 11: downside risks to growth and indicated a lower interest rate track.

1074
00:51:37,920 --> 00:51:40,040
Speaker 11: I'm also allowed to say they have the next opportunity

1075
00:51:40,040 --> 00:51:43,319
Speaker 11: on the eighth of October, and certainly the market is

1076
00:51:43,400 --> 00:51:47,160
Speaker 11: pricing in a lower interest rate track, so it will

1077
00:51:47,200 --> 00:51:49,759
Speaker 11: be up to them to make their own decisions independently.

1078
00:51:50,520 --> 00:51:53,280
Speaker 11: But I will very shortly be announcing a new governor

1079
00:51:53,400 --> 00:51:56,719
Speaker 11: for the Reserve Bank. Obviously we've had a chair chair

1080
00:51:56,840 --> 00:52:00,000
Speaker 11: change at the Reserve Bank. We are refreshing that institute

1081
00:52:00,000 --> 00:52:02,160
Speaker 11: tution and I think that that is very good.

1082
00:52:02,200 --> 00:52:04,880
Speaker 2: Indeed, do you know who the new governor. Is I

1083
00:52:04,960 --> 00:52:07,200
Speaker 2: do right? So when's the announcement coming?

1084
00:52:08,120 --> 00:52:08,680
Speaker 3: Very shortly?

1085
00:52:08,840 --> 00:52:11,239
Speaker 2: Okay, So my point being this, you don't want to

1086
00:52:11,320 --> 00:52:13,959
Speaker 2: end up like Trump and just you know, Barrage pale

1087
00:52:14,080 --> 00:52:18,160
Speaker 2: with endless abuse. But just explain to Megain your view

1088
00:52:18,160 --> 00:52:20,360
Speaker 2: as finance minister. How is it an I know economic

1089
00:52:20,440 --> 00:52:22,560
Speaker 2: genius and I could see it if I can see

1090
00:52:22,560 --> 00:52:25,000
Speaker 2: what was happening in Q two and they can't. Why

1091
00:52:25,000 --> 00:52:25,800
Speaker 2: are they employed?

1092
00:52:27,440 --> 00:52:31,120
Speaker 11: Well, the Reserve Bank is always balancing their responsibility to

1093
00:52:31,200 --> 00:52:34,319
Speaker 11: keep inflation within the target band over the medium term

1094
00:52:34,400 --> 00:52:37,759
Speaker 11: and they need to have stable economic outpush. How they

1095
00:52:37,880 --> 00:52:40,839
Speaker 11: weigh that balance even varies around their own table. You've

1096
00:52:40,840 --> 00:52:45,120
Speaker 11: seen split votes around the Reserve Bank decisions in recent times,

1097
00:52:45,600 --> 00:52:48,600
Speaker 11: and I think they will all be looking back, reflecting

1098
00:52:48,640 --> 00:52:51,200
Speaker 11: on their decisions and thinking about how they might check

1099
00:52:51,320 --> 00:52:52,360
Speaker 11: and adjust.

1100
00:52:52,040 --> 00:52:52,640
Speaker 6: For the future.

1101
00:52:52,960 --> 00:52:54,160
Speaker 2: Well, it doesn't help us, does it?

1102
00:52:55,480 --> 00:52:55,719
Speaker 19: Well?

1103
00:52:55,760 --> 00:52:58,000
Speaker 11: I think it will help us because what we have

1104
00:52:58,080 --> 00:53:00,480
Speaker 11: seen is that they're now committed to a low interest

1105
00:53:00,560 --> 00:53:03,440
Speaker 11: rate track, which is helpful because I think when you

1106
00:53:03,480 --> 00:53:06,720
Speaker 11: think about your average key we they're saying, well, actually,

1107
00:53:06,760 --> 00:53:08,880
Speaker 11: I need to have confidence that I can pay my mortgage,

1108
00:53:08,880 --> 00:53:10,720
Speaker 11: maybe that I can buy a bigger house in future

1109
00:53:10,719 --> 00:53:12,560
Speaker 11: that I can buy a house at all. And the

1110
00:53:12,719 --> 00:53:16,480
Speaker 11: biggest tailwind for that is lower interest rates, and we

1111
00:53:16,600 --> 00:53:19,640
Speaker 11: know that they are what has spurred previous recoveries. That's

1112
00:53:19,680 --> 00:53:22,560
Speaker 11: actually good economics. Our government has done everything we can

1113
00:53:22,640 --> 00:53:24,840
Speaker 11: to create the space for the Reserve Bank to do this,

1114
00:53:25,680 --> 00:53:27,359
Speaker 11: and they just have to keep doing that job.

1115
00:53:27,520 --> 00:53:31,279
Speaker 2: When Douglas says what he says yesterday, I just do

1116
00:53:31,440 --> 00:53:33,160
Speaker 2: wonder now whether you guys missed a bit of a

1117
00:53:33,200 --> 00:53:36,280
Speaker 2: trick what he did to this country. It was short

1118
00:53:36,360 --> 00:53:39,400
Speaker 2: and it was sharp, and you guys, this time around,

1119
00:53:39,480 --> 00:53:43,160
Speaker 2: it hasn't been sharp enough. And therefore it hasn't been short.

1120
00:53:43,239 --> 00:53:45,880
Speaker 2: It's been long and it carries on and that's a problem.

1121
00:53:46,880 --> 00:53:47,080
Speaker 3: Well.

1122
00:53:47,160 --> 00:53:50,319
Speaker 11: Views will differ on Roger Douglas. There are many who

1123
00:53:50,360 --> 00:53:52,560
Speaker 11: would say that he created quite a lot of chaos

1124
00:53:52,640 --> 00:53:55,280
Speaker 11: in the economy, and of course it was Ruth Richardson

1125
00:53:55,360 --> 00:53:59,879
Speaker 11: after him that did significant spending reductions. But for our part,

1126
00:54:00,560 --> 00:54:04,279
Speaker 11: we've chosen a balanced course of consolidating the books over

1127
00:54:04,320 --> 00:54:07,719
Speaker 11: a few years, which has been endorsed by international economists,

1128
00:54:07,760 --> 00:54:10,840
Speaker 11: by ratings agencies who say that our fiscal plan is

1129
00:54:10,880 --> 00:54:14,279
Speaker 11: a good one. We've delivered significant savings while investing in

1130
00:54:14,320 --> 00:54:18,759
Speaker 11: more infrastructure in health services and education services. I completely

1131
00:54:18,800 --> 00:54:23,120
Speaker 11: stand by that approach, and Roger Douglas may want me

1132
00:54:23,560 --> 00:54:26,879
Speaker 11: to slash spending overnight. That would be the wrong thing

1133
00:54:26,920 --> 00:54:29,280
Speaker 11: to do in terms of the commitment we've made to voters,

1134
00:54:29,320 --> 00:54:32,080
Speaker 11: but actually it would be the wrong thing economically, So

1135
00:54:32,160 --> 00:54:33,400
Speaker 11: I won't be taking his advice.

1136
00:54:33,520 --> 00:54:35,200
Speaker 2: Appreciate your time and have a good week here. Nicola

1137
00:54:35,200 --> 00:54:38,480
Speaker 2: willis the Finance Minister fourteen two The.

1138
00:54:38,680 --> 00:54:42,960
Speaker 1: Ke Asking Breakfast Full Show podcast on iHeartRadio powered by

1139
00:54:43,040 --> 00:54:43,840
Speaker 1: News Talks.

1140
00:54:43,560 --> 00:54:43,840
Speaker 19: At be.

1141
00:54:46,239 --> 00:54:48,759
Speaker 2: Mica. I. Since Nicola is not a mortgage holder, the

1142
00:54:48,760 --> 00:54:51,239
Speaker 2: reserve bank adjustments have been painfully slow, while at the

1143
00:54:51,239 --> 00:54:52,719
Speaker 2: same time, it would be good to know how much

1144
00:54:52,760 --> 00:54:55,640
Speaker 2: the downward adjustments have been passed on to consumers. While

1145
00:54:55,680 --> 00:54:57,879
Speaker 2: we do know that, and the problem with the line

1146
00:54:57,880 --> 00:54:59,920
Speaker 2: about fifty percent of mortgages is due to come on,

1147
00:55:00,280 --> 00:55:02,360
Speaker 2: I mean that's an ongoing thing. That's one of the

1148
00:55:02,400 --> 00:55:06,520
Speaker 2: things we've learned out of COVID. Mortgages are living, breathing things.

1149
00:55:06,800 --> 00:55:08,960
Speaker 2: When your mortgage comes up for renew or you are

1150
00:55:09,000 --> 00:55:11,040
Speaker 2: sorted out and then somebody else's comes up, it's an

1151
00:55:11,080 --> 00:55:14,240
Speaker 2: ongoing cyclical thing. The problem has been, as we're well aware,

1152
00:55:14,480 --> 00:55:16,520
Speaker 2: is when you get the extra money from the lower rates,

1153
00:55:16,560 --> 00:55:18,319
Speaker 2: the next thing that arrives in the mail is the

1154
00:55:18,320 --> 00:55:20,520
Speaker 2: insurance bill, followed by the rates bill, followed by the

1155
00:55:20,560 --> 00:55:22,680
Speaker 2: power bill, and that's your reduction gone, Mike. To get

1156
00:55:22,680 --> 00:55:25,640
Speaker 2: the confidence back, government needs to invest in small business.

1157
00:55:25,640 --> 00:55:28,719
Speaker 2: There are no tax incentives to encourage businesses to grow. Merry,

1158
00:55:28,719 --> 00:55:31,640
Speaker 2: you're wrong, You're one hundred percent wrong. The invest boost

1159
00:55:31,719 --> 00:55:34,480
Speaker 2: is announced, and if you're a small business and you

1160
00:55:34,480 --> 00:55:36,759
Speaker 2: want to go buy something, the invest boost is for you.

1161
00:55:36,880 --> 00:55:40,279
Speaker 2: It is working, I am told the IID numbers it's

1162
00:55:40,280 --> 00:55:42,239
Speaker 2: early stages. You need a full tax year for it

1163
00:55:42,280 --> 00:55:45,399
Speaker 2: to work. But the early numbers, I am told are

1164
00:55:45,400 --> 00:55:47,880
Speaker 2: somewhat encouraging. Polling this week I've referred to it a

1165
00:55:47,920 --> 00:55:50,040
Speaker 2: couple of times and a couple of really interesting aspects

1166
00:55:50,080 --> 00:55:51,920
Speaker 2: of the polling this week by Radio in New Zealand.

1167
00:55:52,640 --> 00:55:56,799
Speaker 2: The business of a capital gains tax is not remotely convincing.

1168
00:55:57,239 --> 00:56:00,000
Speaker 2: Forty two percent support capital gains tax, thirty five percent

1169
00:56:00,280 --> 00:56:02,040
Speaker 2: oppose it. But when you take the don't nose, and

1170
00:56:02,040 --> 00:56:03,799
Speaker 2: there's a lot of them, twenty two percent you take

1171
00:56:03,800 --> 00:56:07,000
Speaker 2: the oppose and the don't nose. That's by far the majority,

1172
00:56:07,000 --> 00:56:08,640
Speaker 2: because of course many of the don't knows when they're

1173
00:56:08,640 --> 00:56:11,080
Speaker 2: faced with the reality as opposed to a theoretical question,

1174
00:56:11,160 --> 00:56:13,680
Speaker 2: will go not for me. And that's why labour in

1175
00:56:13,760 --> 00:56:17,120
Speaker 2: twenty is it twenty eleven, twenty fourteen, twenty seventeen, each

1176
00:56:17,160 --> 00:56:19,200
Speaker 2: time they give it a crack and guess what each

1177
00:56:19,239 --> 00:56:21,440
Speaker 2: time they drop it. The really funny one part of

1178
00:56:21,440 --> 00:56:23,440
Speaker 2: the polling with seventy five percent of people support a

1179
00:56:23,520 --> 00:56:26,120
Speaker 2: rates cap, and you've got to say that's probably real

1180
00:56:26,520 --> 00:56:28,960
Speaker 2: theory versus reality. I mean, do we want the councils

1181
00:56:28,960 --> 00:56:30,880
Speaker 2: to stop charging us more? Yes, of course we do.

1182
00:56:31,000 --> 00:56:32,240
Speaker 2: There's your seventy five percent?

1183
00:56:32,640 --> 00:56:33,280
Speaker 3: Is that real?

1184
00:56:33,760 --> 00:56:34,360
Speaker 2: Probably not?

1185
00:56:34,760 --> 00:56:38,480
Speaker 1: Nine to eight The Mike Hosking breakfast with a Vita

1186
00:56:38,600 --> 00:56:41,040
Speaker 1: Retirement Communities News, Togstad.

1187
00:56:40,560 --> 00:56:43,920
Speaker 2: Bessy from a Women's World Rugby Cup business end, as

1188
00:56:43,960 --> 00:56:46,160
Speaker 2: they say, to use an old cliche, semi final time

1189
00:56:46,160 --> 00:56:48,560
Speaker 2: with the Canadians tomorrow morning. Doctor Pharah Palmer as the

1190
00:56:48,600 --> 00:56:51,320
Speaker 2: former All Blackbern's captain and is with us, good morning,

1191
00:56:51,520 --> 00:56:53,359
Speaker 2: good morning. What have you made of the comp There

1192
00:56:53,360 --> 00:56:56,399
Speaker 2: seems to be a gap globally speaking, between the good

1193
00:56:56,400 --> 00:56:57,760
Speaker 2: teams and the not so good teams.

1194
00:56:58,960 --> 00:57:00,719
Speaker 12: Yeah, and I think, you know, if I look at

1195
00:57:00,800 --> 00:57:03,200
Speaker 12: the scores that we used to put up against other

1196
00:57:03,239 --> 00:57:05,680
Speaker 12: teams back when I was playing in the nineteen nineties,

1197
00:57:05,760 --> 00:57:09,040
Speaker 12: things have definitely improved in the gaps closing. I think

1198
00:57:09,040 --> 00:57:11,120
Speaker 12: we used to beat teams like we beat Canada back

1199
00:57:11,120 --> 00:57:13,719
Speaker 12: in nineteen ninety six eighty eight three, So we're not

1200
00:57:13,840 --> 00:57:16,640
Speaker 12: kind of having those kind of scores at that level.

1201
00:57:16,960 --> 00:57:19,600
Speaker 12: But yeah, there are still some gaps, and I can

1202
00:57:19,640 --> 00:57:22,320
Speaker 12: see everyone's improving. You know, I was super impressed with

1203
00:57:22,360 --> 00:57:24,720
Speaker 12: South Africa and I think they're, know, in a couple

1204
00:57:24,720 --> 00:57:28,120
Speaker 12: in another four or five years, they'll be really really dangerous.

1205
00:57:28,200 --> 00:57:30,320
Speaker 2: So the tide, the tide is rising.

1206
00:57:31,120 --> 00:57:33,800
Speaker 12: It is rising. That's my perception, just looking at the

1207
00:57:34,120 --> 00:57:37,840
Speaker 12: school level, looking at the level of resourcing that's going

1208
00:57:37,880 --> 00:57:40,120
Speaker 12: into the coaching side of things as well. So yeah,

1209
00:57:40,120 --> 00:57:42,040
Speaker 12: I think it's going to take some time for everyone

1210
00:57:42,040 --> 00:57:44,440
Speaker 12: to get up to a higher level, but everyone's improving.

1211
00:57:44,520 --> 00:57:48,160
Speaker 2: And your impression of our team since you played.

1212
00:57:49,280 --> 00:57:52,600
Speaker 12: Oh look, you know, I hate kind of doing that comparison.

1213
00:57:52,760 --> 00:57:56,240
Speaker 12: We were kind of like doing things with very little resourcing.

1214
00:57:56,360 --> 00:57:59,200
Speaker 12: We had people that came from other sports. Now these

1215
00:57:59,280 --> 00:58:01,880
Speaker 12: are women who played rugby for a long period of time.

1216
00:58:02,440 --> 00:58:05,480
Speaker 12: I think their school they've always higher. I think their kicking,

1217
00:58:05,680 --> 00:58:09,400
Speaker 12: kind of tactical game is much more efficient. So yeah,

1218
00:58:09,400 --> 00:58:11,640
Speaker 12: there's things that they're doing that we would never have

1219
00:58:11,680 --> 00:58:13,800
Speaker 12: done our day. But we had some amazing players in

1220
00:58:13,840 --> 00:58:15,640
Speaker 12: our day, and if they were playing now, they probably

1221
00:58:15,640 --> 00:58:16,640
Speaker 12: would make the team.

1222
00:58:16,680 --> 00:58:18,920
Speaker 2: So it looks like we'll play England in the final

1223
00:58:18,960 --> 00:58:21,240
Speaker 2: with England to win. I mean, obviously we don't want

1224
00:58:21,240 --> 00:58:23,440
Speaker 2: that to happen, but that's what most people say. Is

1225
00:58:23,440 --> 00:58:26,880
Speaker 2: that how you see it? And what's if that's the case,

1226
00:58:26,920 --> 00:58:29,040
Speaker 2: what's happened to England? Why are they so good now?

1227
00:58:30,000 --> 00:58:33,120
Speaker 12: Well, this is the best case scenario. But I would

1228
00:58:33,160 --> 00:58:35,640
Speaker 12: say that the team and people have been in the

1229
00:58:35,640 --> 00:58:38,240
Speaker 12: black Jersey would say, let's just focus on the next game.

1230
00:58:38,800 --> 00:58:42,600
Speaker 12: So I would not take Canada lightly at all. And

1231
00:58:42,800 --> 00:58:45,600
Speaker 12: then and then, of course England have always been the

1232
00:58:45,640 --> 00:58:48,880
Speaker 12: one the rivals that we've kind of focused on. I

1233
00:58:48,960 --> 00:58:51,800
Speaker 12: just think they've got a well rounded game. They used

1234
00:58:51,800 --> 00:58:53,760
Speaker 12: to be just about all their forward pack, but now

1235
00:58:53,800 --> 00:58:57,200
Speaker 12: they've got some amazing backs as well, and same with Canada.

1236
00:58:57,280 --> 00:58:59,800
Speaker 12: Canada has improved so much. You know, the last time

1237
00:58:59,800 --> 00:59:02,760
Speaker 12: we've taken was a tour before that was a lass,

1238
00:59:03,440 --> 00:59:06,480
Speaker 12: So we've really got to look at Canada first, and

1239
00:59:06,560 --> 00:59:08,040
Speaker 12: not even closest on the next game.

1240
00:59:08,160 --> 00:59:11,040
Speaker 2: Go well, Farah Palmer, former Blackburn's captain. Of course, I

1241
00:59:11,080 --> 00:59:13,920
Speaker 2: haven't got to the pictures yet. Twist in the Peaches

1242
00:59:14,000 --> 00:59:16,480
Speaker 2: story this week that we became fascinated with, or maybe

1243
00:59:16,520 --> 00:59:19,200
Speaker 2: it's just me being fascinated, you being bored witless. Anyway,

1244
00:59:19,240 --> 00:59:21,400
Speaker 2: more shortly, news in a moment.

1245
00:59:23,560 --> 00:59:24,320
Speaker 3: The Mike Cask game.

1246
00:59:24,360 --> 00:59:29,720
Speaker 1: We've been faithful, engaging and vital the my Casking breakfast

1247
00:59:29,880 --> 00:59:32,280
Speaker 1: with Range Rover leading by example.

1248
00:59:32,400 --> 00:59:46,960
Speaker 2: News tog sad bless funny thing under normal circumstances. I

1249
00:59:46,960 --> 00:59:50,160
Speaker 2: couldn't tell you much about twenty one Pilots other than

1250
00:59:50,240 --> 00:59:51,920
Speaker 2: I'd sort of know the name twenty one Pilots and

1251
00:59:51,920 --> 00:59:54,080
Speaker 2: they've been around a while. The album new album called

1252
00:59:54,400 --> 00:59:58,439
Speaker 2: Breach the Signs in the twenty four album last year's

1253
00:59:58,440 --> 01:00:01,440
Speaker 2: album Clancy, it was allegedly final chapter and the story

1254
01:00:01,520 --> 01:00:04,560
Speaker 2: duo decided to one one more chapter, which is this

1255
01:00:07,520 --> 01:00:10,280
Speaker 2: thus indicating maybe things are coming to a close. Anyway,

1256
01:00:10,280 --> 01:00:12,840
Speaker 2: The interesting thing I was looking up in twenty one

1257
01:00:12,880 --> 01:00:15,160
Speaker 2: pilots this week, and they're on tour. Literally, they're come

1258
01:00:15,160 --> 01:00:17,600
Speaker 2: from South America and the North America. They're charging on

1259
01:00:17,640 --> 01:00:19,840
Speaker 2: average three hundred and seventy sixty years dollars a ticket,

1260
01:00:20,640 --> 01:00:23,480
Speaker 2: so they're still serious players because you don't ye know,

1261
01:00:23,520 --> 01:00:25,439
Speaker 2: and they're in stadiums in You don't charge three hundred

1262
01:00:25,440 --> 01:00:27,920
Speaker 2: and seventy six dollars a ticket if you're not that good.

1263
01:00:28,400 --> 01:00:30,360
Speaker 2: I also can tell you that twenty one Pilots have

1264
01:00:30,440 --> 01:00:36,800
Speaker 2: been in South America and on tour with Bahlou Bridega,

1265
01:00:37,800 --> 01:00:40,840
Speaker 2: which is a band I hadn't heard of before, and

1266
01:00:40,960 --> 01:00:46,040
Speaker 2: they are New Zealanders. And playing piano for Bradega was

1267
01:00:46,760 --> 01:00:51,680
Speaker 2: half of Finn I'm joining dots to your left, right

1268
01:00:51,720 --> 01:00:54,720
Speaker 2: and center and half of finns with us on the

1269
01:00:54,720 --> 01:00:57,720
Speaker 2: program next Poet, So he's been and they were playing

1270
01:00:57,960 --> 01:01:02,120
Speaker 2: sixty six seventy thousand and people at night, and twenty

1271
01:01:02,160 --> 01:01:06,680
Speaker 2: one pilots, apparently in South America are the biggest thing going.

1272
01:01:07,280 --> 01:01:09,520
Speaker 2: So the only other thing I can tell you now

1273
01:01:09,560 --> 01:01:12,120
Speaker 2: is this thirteen tracks and forty seven, seven forty seven

1274
01:01:12,120 --> 01:01:13,240
Speaker 2: minutes and sixteen six.

1275
01:01:13,600 --> 01:01:17,120
Speaker 1: The Week in Review with two degrees fighting for fear

1276
01:01:17,200 --> 01:01:18,600
Speaker 1: for Kiwi business.

1277
01:01:18,280 --> 01:01:22,200
Speaker 2: Sim Wilson's Weather's Timmathy, good morning, Good morning, Michael. Now

1278
01:01:22,440 --> 01:01:23,960
Speaker 2: Catherine Hawks Be good morning to you.

1279
01:01:24,720 --> 01:01:25,480
Speaker 10: Good morning.

1280
01:01:25,640 --> 01:01:25,800
Speaker 4: Now.

1281
01:01:25,840 --> 01:01:28,040
Speaker 2: I'm very excited about this, Catherine, you're real you're ready

1282
01:01:28,040 --> 01:01:29,640
Speaker 2: to go, because what we're going to do now is

1283
01:01:29,640 --> 01:01:31,800
Speaker 2: we're going to do a pop not a quiz. We're

1284
01:01:31,800 --> 01:01:34,080
Speaker 2: going to do a part not we're going to do

1285
01:01:34,120 --> 01:01:36,960
Speaker 2: a pop quak. We're going to do a pop quiz. Hey,

1286
01:01:38,920 --> 01:01:40,840
Speaker 2: We're going to do a pop quiz for.

1287
01:01:40,880 --> 01:01:43,560
Speaker 3: You like they sound like your three year old.

1288
01:01:45,440 --> 01:01:48,200
Speaker 2: And he is so lame, and you'll and you'll hear

1289
01:01:48,280 --> 01:01:49,880
Speaker 2: this in a minute, tim This is the beautiful thing

1290
01:01:49,880 --> 01:01:51,280
Speaker 2: about this. What we're going to do, Kate, is a

1291
01:01:51,560 --> 01:01:53,760
Speaker 2: pop quiz on things that have happened on this program

1292
01:01:53,800 --> 01:01:54,200
Speaker 2: this morning.

1293
01:01:56,160 --> 01:01:58,800
Speaker 22: Well that's not fair because I have missed large chunks of.

1294
01:01:58,760 --> 01:02:05,480
Speaker 2: It exactly exactly exactly I knew that. So Timothy, Timothy,

1295
01:02:05,880 --> 01:02:08,560
Speaker 2: go on up up at five point thirty this morning,

1296
01:02:09,200 --> 01:02:11,560
Speaker 2: Miss hawksby five point thirty this morning standards start to

1297
01:02:11,560 --> 01:02:15,440
Speaker 2: the day, first appointment seven to fifteen. Can you not.

1298
01:02:15,560 --> 01:02:19,400
Speaker 22: Disclose my whole personal life on air? What are you doing?

1299
01:02:19,520 --> 01:02:21,720
Speaker 2: I'm just no, I'm just saying, I'm just just painting

1300
01:02:21,720 --> 01:02:24,320
Speaker 2: a picture of how busy you in privacy. No, it's

1301
01:02:24,320 --> 01:02:26,800
Speaker 2: not invasion. It's having an appointment at seven fifteen in

1302
01:02:26,840 --> 01:02:31,120
Speaker 2: the morning is an invasion of privacy. Nick, The people

1303
01:02:31,120 --> 01:02:33,840
Speaker 2: are coming soon with the world moving, the world moving,

1304
01:02:33,880 --> 01:02:35,880
Speaker 2: are coming very shortly, or in fact, are they there?

1305
01:02:36,480 --> 01:02:37,080
Speaker 3: Are you moving?

1306
01:02:37,480 --> 01:02:40,400
Speaker 22: What a lot of information that is not seven fifteen?

1307
01:02:40,480 --> 01:02:42,960
Speaker 22: Was a zoom out of someone with someone who's in Europe.

1308
01:02:43,080 --> 01:02:46,280
Speaker 2: So that's why you just made that exotic? How exoustic

1309
01:02:46,400 --> 01:02:50,000
Speaker 2: is that a seven fifteen Zoom't move?

1310
01:02:50,600 --> 01:02:53,160
Speaker 3: Are you moving? Don't move? Don't do it. We just

1311
01:02:53,200 --> 01:02:54,640
Speaker 3: did it this year, did you.

1312
01:02:55,000 --> 01:02:56,720
Speaker 22: Yeah, it's it's gruesome, isn't it.

1313
01:02:56,800 --> 01:02:56,880
Speaker 15: No?

1314
01:02:57,000 --> 01:03:00,560
Speaker 23: Seriously, if you look, here's here's how you move happily

1315
01:03:00,680 --> 01:03:03,200
Speaker 23: and you retain family harmony. You take all of the

1316
01:03:03,280 --> 01:03:05,480
Speaker 23: stuff in your house, you put it in the front yard,

1317
01:03:05,840 --> 01:03:07,440
Speaker 23: You go down to the gas station, you buy a

1318
01:03:07,480 --> 01:03:10,320
Speaker 23: gallon of petrol, you buy box and matches, You burn it,

1319
01:03:10,400 --> 01:03:11,400
Speaker 23: and then you go somewhere else.

1320
01:03:11,440 --> 01:03:13,400
Speaker 2: Don't you want to leave it on the footpath for

1321
01:03:13,480 --> 01:03:15,840
Speaker 2: people to take? In my experience, you if you leave

1322
01:03:15,880 --> 01:03:18,560
Speaker 2: half decent stuff, and sometimes not even half decent stuff

1323
01:03:18,560 --> 01:03:19,200
Speaker 2: on the foot path.

1324
01:03:19,120 --> 01:03:20,760
Speaker 3: Or even half decent, and it will be done by the.

1325
01:03:20,760 --> 01:03:21,920
Speaker 2: Next It's incredible.

1326
01:03:21,960 --> 01:03:23,080
Speaker 3: Don't you worry about that?

1327
01:03:23,840 --> 01:03:25,680
Speaker 2: So the point being, I'm just just painting the picture

1328
01:03:25,680 --> 01:03:28,760
Speaker 2: for your tim Catherine may Or may not be available

1329
01:03:28,760 --> 01:03:30,840
Speaker 2: to us emotionally this morning because she's had a very,

1330
01:03:30,920 --> 01:03:31,920
Speaker 2: very big, busy morning.

1331
01:03:32,760 --> 01:03:34,400
Speaker 22: You know, I'm bringing my A game because I'm a

1332
01:03:34,440 --> 01:03:36,800
Speaker 22: professional and I have put aside this this eight till

1333
01:03:36,840 --> 01:03:39,760
Speaker 22: eight twenty two slot for you where I will be

1334
01:03:39,760 --> 01:03:42,080
Speaker 22: bringing my A game. Ask me anything, and if I

1335
01:03:42,120 --> 01:03:43,040
Speaker 22: don't know, I'll make it up.

1336
01:03:43,200 --> 01:03:44,880
Speaker 2: What what's twenty three?

1337
01:03:46,800 --> 01:03:48,600
Speaker 22: Will you take us off here so that you can

1338
01:03:48,800 --> 01:03:49,360
Speaker 22: know that you've.

1339
01:03:49,200 --> 01:03:51,200
Speaker 2: Got another appointment. Haven't you got another appointment?

1340
01:03:52,640 --> 01:03:55,560
Speaker 22: It's not your business. Your business is between eight and

1341
01:03:55,600 --> 01:03:56,320
Speaker 22: eight twenty two.

1342
01:03:56,640 --> 01:03:56,800
Speaker 1: Here.

1343
01:03:56,840 --> 01:03:58,160
Speaker 22: I am here, so make the.

1344
01:03:58,120 --> 01:03:58,480
Speaker 16: Most of it.

1345
01:03:59,240 --> 01:04:00,360
Speaker 3: Where are you at two three?

1346
01:04:00,440 --> 01:04:04,040
Speaker 2: Mike Well, kem mile t yeh. I'll be refilling my

1347
01:04:04,160 --> 01:04:06,560
Speaker 2: lemon water and ready to come back with something scintillating

1348
01:04:06,600 --> 01:04:10,240
Speaker 2: post the airbreak. By the way, here's here's your opening question, Cadie.

1349
01:04:10,480 --> 01:04:14,080
Speaker 2: Proper crisps which we have had in the house. Correct? Yes,

1350
01:04:14,640 --> 01:04:18,440
Speaker 2: Now here's the story. They're closing this. I didn't know

1351
01:04:18,480 --> 01:04:23,000
Speaker 2: the history of this, but proper crisps were invented. And

1352
01:04:23,320 --> 01:04:26,600
Speaker 2: guess when Tell me when what year was proper crisps invented?

1353
01:04:26,640 --> 01:04:31,960
Speaker 2: And in what New Zealand town. Oh, no idea, I'm

1354
01:04:31,960 --> 01:04:35,439
Speaker 2: going to try Nelson well done, well on Nelson's good

1355
01:04:35,880 --> 01:04:40,720
Speaker 2: very okay, Nelson's good nineteen ninety three wrong, So two

1356
01:04:40,800 --> 01:04:43,880
Speaker 2: thousand and seven in nelson term very good. And that

1357
01:04:44,040 --> 01:04:46,200
Speaker 2: was of course by Stuart and Catherine who were immigrants

1358
01:04:46,240 --> 01:04:47,880
Speaker 2: at the time, and they I don't know if they

1359
01:04:47,880 --> 01:04:49,960
Speaker 2: had a Golden visa, but they came to the country

1360
01:04:49,960 --> 01:04:53,120
Speaker 2: and they opened proper Crisps. Now, they were bought in

1361
01:04:53,160 --> 01:04:57,840
Speaker 2: twenty eleven by Mina Wilkie Smith and ned but then Griffin's,

1362
01:04:58,520 --> 01:05:03,360
Speaker 2: Nasty Old Griffin came along in twenty seventeen and they

1363
01:05:03,360 --> 01:05:06,440
Speaker 2: bought a fifty percent steak and then of course by

1364
01:05:06,440 --> 01:05:09,040
Speaker 2: twenty twenty three they got the lot. Now, what's what's

1365
01:05:09,360 --> 01:05:12,520
Speaker 2: catherine question? Next question, what's happening to proper Crisps?

1366
01:05:14,720 --> 01:05:17,120
Speaker 22: They've gone down the drain since Griffin's brought them. I

1367
01:05:17,120 --> 01:05:18,280
Speaker 22: don't know, They've.

1368
01:05:17,920 --> 01:05:23,120
Speaker 23: Gone gang No, no, really, which that's not bad, Mike,

1369
01:05:23,320 --> 01:05:25,760
Speaker 23: I mean they're closing down the Nelson operation. But she

1370
01:05:25,800 --> 01:05:28,720
Speaker 23: said they've gone down the drain since Griffin's brought them.

1371
01:05:28,760 --> 01:05:29,840
Speaker 23: And do you think that's true?

1372
01:05:30,280 --> 01:05:33,120
Speaker 2: Well, we've had proper crisps, We've had proper crisps in

1373
01:05:33,160 --> 01:05:34,680
Speaker 2: our house. We like them, don't we?

1374
01:05:35,720 --> 01:05:39,080
Speaker 22: I don't know. I don't. I don't really like ships.

1375
01:05:41,080 --> 01:05:43,680
Speaker 3: Did I tell you? Can we talk about what nots?

1376
01:05:43,760 --> 01:05:44,280
Speaker 3: Cheap out on?

1377
01:05:45,040 --> 01:05:45,240
Speaker 23: No?

1378
01:05:45,680 --> 01:05:48,120
Speaker 2: Because expensive?

1379
01:05:48,120 --> 01:05:49,480
Speaker 3: I get to your point, Get your point.

1380
01:05:49,560 --> 01:05:52,160
Speaker 2: My main point is this. If you close down your

1381
01:05:52,160 --> 01:05:55,600
Speaker 2: factory of proper crisps in Nelson, and you moved the

1382
01:05:55,640 --> 01:05:59,920
Speaker 2: production of proper crisps to your major facility in Auckland

1383
01:06:00,320 --> 01:06:04,240
Speaker 2: where all your chips are made, clue where all your

1384
01:06:04,320 --> 01:06:08,520
Speaker 2: chips are made. Are they still proper crisps or are

1385
01:06:08,520 --> 01:06:11,600
Speaker 2: they just coming out of a big batch of ordinary

1386
01:06:11,640 --> 01:06:16,760
Speaker 2: regular crisps and there's no difference to them?

1387
01:06:16,880 --> 01:06:18,880
Speaker 22: Is that the sort of pressing radio that I've missed

1388
01:06:18,880 --> 01:06:19,360
Speaker 22: this morning?

1389
01:06:24,520 --> 01:06:25,600
Speaker 6: I love it?

1390
01:06:25,600 --> 01:06:27,320
Speaker 22: It was not I haven't missed it.

1391
01:06:28,520 --> 01:06:30,520
Speaker 2: What should you not skip on? Actually I've got to

1392
01:06:30,520 --> 01:06:32,640
Speaker 2: go to a break sorry more In a moment fourteen

1393
01:06:32,680 --> 01:06:34,040
Speaker 2: past the.

1394
01:06:34,120 --> 01:06:38,400
Speaker 1: Mic Asking Breakfast Full Show podcast on iHeartRadio, car it

1395
01:06:38,480 --> 01:06:39,240
Speaker 1: by News Talks.

1396
01:06:39,280 --> 01:06:42,280
Speaker 2: It be News Talks seventeen past eight.

1397
01:06:42,480 --> 01:06:46,840
Speaker 1: The Weekend Review with two degrees, bringing smart business solutions

1398
01:06:46,880 --> 01:06:47,440
Speaker 1: to the table.

1399
01:06:47,560 --> 01:06:51,880
Speaker 2: School holidays, Tim, yep, you're away. Are you at the

1400
01:06:51,920 --> 01:06:52,520
Speaker 2: airport now?

1401
01:06:52,960 --> 01:06:55,800
Speaker 3: No? No, no, no, we did. We did the school holidays.

1402
01:06:56,120 --> 01:06:58,960
Speaker 3: Actually actually oo can you say hello to everyone?

1403
01:07:00,040 --> 01:07:00,400
Speaker 15: Say hello?

1404
01:07:00,600 --> 01:07:00,720
Speaker 17: Ray?

1405
01:07:01,960 --> 01:07:04,080
Speaker 23: There we go Outos just said Olas just got out

1406
01:07:04,080 --> 01:07:07,320
Speaker 23: of bed. We did the school we did the skill.

1407
01:07:08,640 --> 01:07:10,360
Speaker 23: We did the school holidays when we did the crows.

1408
01:07:10,440 --> 01:07:13,000
Speaker 23: But we are we are going up the pinnacles on

1409
01:07:13,080 --> 01:07:14,000
Speaker 23: Monday and Tuesday.

1410
01:07:14,280 --> 01:07:17,080
Speaker 3: So seven hundred and fifty nine meters above sea level.

1411
01:07:17,120 --> 01:07:17,840
Speaker 3: That's what we're up to.

1412
01:07:17,960 --> 01:07:21,160
Speaker 23: And one go at pace yep, one go up to

1413
01:07:21,200 --> 01:07:22,760
Speaker 23: the top, sleep the night, come down.

1414
01:07:22,760 --> 01:07:25,040
Speaker 2: You're going to sleep at the top in what? Yeah,

1415
01:07:25,080 --> 01:07:25,919
Speaker 2: of course a tent.

1416
01:07:26,400 --> 01:07:27,919
Speaker 3: There's a hut. There's a hut there.

1417
01:07:28,200 --> 01:07:29,240
Speaker 2: Have you ever done it before?

1418
01:07:29,360 --> 01:07:29,560
Speaker 3: Doc?

1419
01:07:29,640 --> 01:07:29,960
Speaker 6: Hut?

1420
01:07:30,240 --> 01:07:31,160
Speaker 3: Yeah? Did it last year?

1421
01:07:31,240 --> 01:07:32,040
Speaker 2: What do you pay for it?

1422
01:07:32,480 --> 01:07:34,320
Speaker 3: Don't you remember? Don't you listen to the show? No,

1423
01:07:34,400 --> 01:07:35,440
Speaker 3: we were talking about it.

1424
01:07:35,760 --> 01:07:37,280
Speaker 2: Were you were you at the pinnacles at the time,

1425
01:07:37,320 --> 01:07:38,160
Speaker 2: sleeping in your hut?

1426
01:07:40,280 --> 01:07:41,560
Speaker 3: It was in October last year.

1427
01:07:42,280 --> 01:07:44,640
Speaker 23: I was I No, I was out of you, not

1428
01:07:44,760 --> 01:07:48,400
Speaker 23: during the not in the school holidays.

1429
01:07:48,920 --> 01:07:49,400
Speaker 3: It's funny.

1430
01:07:49,520 --> 01:07:51,040
Speaker 22: Quickly, I was just saying to Tim off Ear, It's

1431
01:07:51,040 --> 01:07:53,280
Speaker 22: funny how quickly you get out of sync with school holiday.

1432
01:07:53,320 --> 01:07:56,080
Speaker 22: I didn't even know that our whole entire life used

1433
01:07:56,080 --> 01:07:56,960
Speaker 22: to be governed to.

1434
01:07:57,160 --> 01:07:58,600
Speaker 3: Revolve around school holidays.

1435
01:07:58,720 --> 01:08:01,720
Speaker 22: Yeah, the whole world of around them. And now I

1436
01:08:01,720 --> 01:08:05,200
Speaker 22: didn't even know that it was school well quickly.

1437
01:08:05,600 --> 01:08:11,680
Speaker 2: What we know is that university holidays without question more

1438
01:08:11,760 --> 01:08:16,160
Speaker 2: voluminous than school holidays. There's more of them. And how

1439
01:08:16,200 --> 01:08:18,920
Speaker 2: it is you get charged anywhere between eight and sixteen

1440
01:08:19,000 --> 01:08:21,400
Speaker 2: thousand dollars a year to turn up to university to

1441
01:08:21,479 --> 01:08:24,000
Speaker 2: attend probably somewhere between three and a half and four

1442
01:08:24,000 --> 01:08:28,040
Speaker 2: weeks a year, is little short of a scandal, isn't this.

1443
01:08:28,680 --> 01:08:30,320
Speaker 22: It's a bit more than that. But yeah, they do

1444
01:08:30,439 --> 01:08:33,479
Speaker 22: bounce back a lot at Uni. It's a funny old thing,

1445
01:08:33,520 --> 01:08:35,439
Speaker 22: how your life is. Chapters of your life.

1446
01:08:36,000 --> 01:08:40,000
Speaker 23: There are seasons, yeah, exactly, absolute seasons. And actually, actually

1447
01:08:40,000 --> 01:08:42,040
Speaker 23: I was gonna because you were talking about the peaches

1448
01:08:42,080 --> 01:08:44,120
Speaker 23: just before eight o'clock, you would have known that. It's like,

1449
01:08:44,200 --> 01:08:47,120
Speaker 23: you know, do we really bother about where peaches are made?

1450
01:08:47,160 --> 01:08:48,080
Speaker 23: When we buy the peaches.

1451
01:08:48,120 --> 01:08:50,160
Speaker 3: No we don't. But here's my advice. Don't cheap out

1452
01:08:50,160 --> 01:08:52,800
Speaker 3: on nappies. Nappies. You cheap out on nappies. You paid

1453
01:08:52,800 --> 01:08:55,080
Speaker 3: the price at midnight like I did the night before last.

1454
01:08:55,800 --> 01:08:59,160
Speaker 2: Are their qualities and nappies? Is that the range in

1455
01:08:59,200 --> 01:08:59,559
Speaker 2: one piece?

1456
01:08:59,560 --> 01:08:59,960
Speaker 3: Bad ones?

1457
01:09:00,320 --> 01:09:04,040
Speaker 23: Okay, so you go for your Huggies, steer clear of rascals.

1458
01:09:04,080 --> 01:09:08,360
Speaker 23: Otto was in Rascals, has been in Rascals. Woke up

1459
01:09:08,360 --> 01:09:11,599
Speaker 23: at midnight because the Rascals leaked. So Otto wakes up.

1460
01:09:11,680 --> 01:09:14,759
Speaker 23: That wakes up Wolfe, who's got a cough who starts coughing.

1461
01:09:15,439 --> 01:09:18,680
Speaker 23: Wolfy coughing wakes up Felix, who's in the same room,

1462
01:09:18,720 --> 01:09:20,400
Speaker 23: who starts saying, I don't want to be in the

1463
01:09:20,439 --> 01:09:23,759
Speaker 23: same room because Wolfe's Wolfe's coughing. So we get Otto

1464
01:09:24,280 --> 01:09:25,360
Speaker 23: into the new nappies.

1465
01:09:25,560 --> 01:09:30,040
Speaker 3: I give Wolfe some cough mixture.

1466
01:09:30,080 --> 01:09:32,519
Speaker 23: I put Felix in the lounge with a sleeping bag,

1467
01:09:32,960 --> 01:09:35,880
Speaker 23: and then wolf he coughs again and spews, and we're

1468
01:09:35,920 --> 01:09:36,639
Speaker 23: back to square one.

1469
01:09:36,840 --> 01:09:38,800
Speaker 22: Yeah, you are in the trenches. This is such a

1470
01:09:38,760 --> 01:09:40,000
Speaker 22: punishing time of life.

1471
01:09:40,120 --> 01:09:42,840
Speaker 2: Honestly, he took me down for a moment. The only

1472
01:09:42,840 --> 01:09:45,080
Speaker 2: thing I'd say is a mixture doesn't work. And I

1473
01:09:45,080 --> 01:09:47,200
Speaker 2: think we all know that now, don't we.

1474
01:09:47,200 --> 01:09:49,320
Speaker 3: Well, I think I've learned that lesson, that's for sure.

1475
01:09:49,320 --> 01:09:51,519
Speaker 2: We back for part two of Charlie Sheen Caddy. Do

1476
01:09:51,520 --> 01:09:52,360
Speaker 2: you what do you think?

1477
01:09:52,960 --> 01:09:53,160
Speaker 22: Oh?

1478
01:09:53,280 --> 01:09:53,479
Speaker 4: Yeah?

1479
01:09:55,040 --> 01:09:57,479
Speaker 22: What I like about this docco and this Charlie Sheen doco?

1480
01:09:57,800 --> 01:10:00,400
Speaker 22: Is it super raw and honest? And you've I rarely

1481
01:10:00,479 --> 01:10:02,799
Speaker 22: get that nice suspect we won't get it with Victoria Beckhams,

1482
01:10:02,840 --> 01:10:05,040
Speaker 22: which of course I will also watch. But you know

1483
01:10:05,080 --> 01:10:08,639
Speaker 22: that looks like a curated very Meagan markeled the view

1484
01:10:08,880 --> 01:10:10,639
Speaker 22: of who I am and what I'm about, which will

1485
01:10:10,640 --> 01:10:13,120
Speaker 22: all be polished in fairy tales. What you're getting with

1486
01:10:13,200 --> 01:10:18,120
Speaker 22: Charlie Sheen is this really raw? Horrific? You know, he's

1487
01:10:18,240 --> 01:10:21,640
Speaker 22: just nothing's left unsaid, and I appreciate that he's been

1488
01:10:21,680 --> 01:10:22,200
Speaker 22: so honest.

1489
01:10:22,640 --> 01:10:23,840
Speaker 3: Do you learn anything about it?

1490
01:10:24,240 --> 01:10:24,879
Speaker 2: Oh yeah?

1491
01:10:25,080 --> 01:10:25,120
Speaker 6: What?

1492
01:10:25,800 --> 01:10:26,320
Speaker 3: Yeah?

1493
01:10:26,360 --> 01:10:27,960
Speaker 22: I mean you sort of knew at the time of

1494
01:10:27,960 --> 01:10:29,559
Speaker 22: the headlines how bad things were for him.

1495
01:10:29,560 --> 01:10:32,599
Speaker 2: But interesting. I always find it interesting to find out

1496
01:10:33,120 --> 01:10:36,559
Speaker 2: the minutia behind the headline, and the headline is only

1497
01:10:36,600 --> 01:10:38,519
Speaker 2: ever the just the tip of the iceberg, isn't it?

1498
01:10:38,560 --> 01:10:40,880
Speaker 2: You know the madness. It's a weird life. It's an

1499
01:10:40,960 --> 01:10:44,040
Speaker 2: unusual life international spot. By the way, the pictures thing

1500
01:10:44,080 --> 01:10:46,400
Speaker 2: you raise is very good to him because there's been

1501
01:10:46,439 --> 01:10:50,719
Speaker 2: the suggestion of dumping Chinese dumping or peatures into our market,

1502
01:10:50,720 --> 01:10:53,479
Speaker 2: which is of course illegal. Hence Watties all of a

1503
01:10:53,479 --> 01:10:55,400
Speaker 2: sudden go will hold on if this is going to

1504
01:10:55,439 --> 01:10:57,519
Speaker 2: go on, what are we supposed to do with local peaches?

1505
01:10:57,720 --> 01:10:59,360
Speaker 2: They went to the government. The government, as far as

1506
01:10:59,360 --> 01:11:02,280
Speaker 2: I can work out, nothing about it. How do you

1507
01:11:02,320 --> 01:11:03,879
Speaker 2: do business in the country when there's dumping?

1508
01:11:04,680 --> 01:11:06,439
Speaker 22: Hey, just quickly, because I know you're wrapping us up,

1509
01:11:06,439 --> 01:11:09,400
Speaker 22: but I'm miss Nikola. Did she give us any assurances

1510
01:11:09,400 --> 01:11:11,080
Speaker 22: that we aren't going to be crawling out of the

1511
01:11:11,120 --> 01:11:14,000
Speaker 22: economic toilet anytime soon? Just just just briefly, if you've

1512
01:11:14,000 --> 01:11:15,800
Speaker 22: got any good positive news for me this morning?

1513
01:11:15,920 --> 01:11:19,160
Speaker 2: Well it was on the radio just after you.

1514
01:11:19,200 --> 01:11:19,320
Speaker 17: No.

1515
01:11:19,920 --> 01:11:22,639
Speaker 3: I thought she gave I thought she was fairly solid.

1516
01:11:22,640 --> 01:11:25,080
Speaker 3: I thought John Key was good everything.

1517
01:11:25,240 --> 01:11:27,479
Speaker 2: John Key is good because he was the leader at

1518
01:11:27,520 --> 01:11:30,240
Speaker 2: a time when we all had a good life. And

1519
01:11:30,280 --> 01:11:31,960
Speaker 2: when you go back to that is all you need

1520
01:11:32,000 --> 01:11:34,240
Speaker 2: to hear is a voice. And he could come on

1521
01:11:34,280 --> 01:11:36,200
Speaker 2: the show and go you remember when I was running

1522
01:11:36,240 --> 01:11:38,880
Speaker 2: the country and you go, yeah, yeah, that's right. That

1523
01:11:39,120 --> 01:11:40,200
Speaker 2: was cool, wasn't it.

1524
01:11:40,280 --> 01:11:42,000
Speaker 22: I don't think everybody would say that.

1525
01:11:41,920 --> 01:11:44,760
Speaker 2: But probably I can compare to now most people would.

1526
01:11:44,800 --> 01:11:47,599
Speaker 2: I don't think there's many there's many people saying there.

1527
01:11:47,680 --> 01:11:50,200
Speaker 2: Now I'll tell you what i'd say it right now.

1528
01:11:50,360 --> 01:11:54,840
Speaker 2: It's fantastic to answer your question. She was pretty solid key.

1529
01:11:54,840 --> 01:11:59,120
Speaker 2: You see, yes, and I'm not one for turning. And

1530
01:11:59,200 --> 01:12:01,640
Speaker 2: it is coming right and the fundamentals are there and

1531
01:12:01,800 --> 01:12:04,240
Speaker 2: just hold tight and the green shoots are right and blah,

1532
01:12:04,520 --> 01:12:06,799
Speaker 2: and she gave she gave the Reserve bankers serve, which.

1533
01:12:06,600 --> 01:12:09,759
Speaker 23: Is and she's sort of she followed what she followed

1534
01:12:10,360 --> 01:12:12,360
Speaker 23: what John K said, which is like hold the course,

1535
01:12:12,640 --> 01:12:14,040
Speaker 23: it'll it'll turn around exactly.

1536
01:12:14,760 --> 01:12:19,160
Speaker 2: You've got time next appointments in about thirty seconds. You're

1537
01:12:19,200 --> 01:12:22,680
Speaker 2: going to run. But great to see your term. And

1538
01:12:22,880 --> 01:12:24,400
Speaker 2: will you be at the pinnacles next week?

1539
01:12:24,439 --> 01:12:27,720
Speaker 23: Tim, No, No, I'll be back from the pinnacle, so

1540
01:12:27,760 --> 01:12:28,200
Speaker 23: I'll be.

1541
01:12:28,439 --> 01:12:29,559
Speaker 2: Waiting you well.

1542
01:12:29,640 --> 01:12:34,479
Speaker 10: Eight twenty three, The make Hosking Breakfast with Rainthrow News

1543
01:12:34,520 --> 01:12:37,120
Speaker 10: Tog's dead b Good news waves over the Chemists warehouse

1544
01:12:37,120 --> 01:12:39,960
Speaker 10: Spring Fringsy megasalelet's on their up to half price on

1545
01:12:40,000 --> 01:12:42,520
Speaker 10: their everyday load price has got your big brand vitamins

1546
01:12:42,560 --> 01:12:43,360
Speaker 10: and cosmetics.

1547
01:12:43,360 --> 01:12:44,880
Speaker 2: They are the home of course Chemists Warehouse to the

1548
01:12:44,880 --> 01:12:48,200
Speaker 2: biggest range of Go Healthy Clinicians vitamins. They're up to

1549
01:12:48,200 --> 01:12:51,479
Speaker 2: half price. Doesn't stop their Health Race, Yes, Neutral Life vitaments, Yes,

1550
01:12:51,560 --> 01:12:53,920
Speaker 2: up to half price. You can browse the Chemist's Warehouse

1551
01:12:54,000 --> 01:12:56,479
Speaker 2: range of Good Health or Meat Today vitamins. They're up

1552
01:12:56,520 --> 01:12:58,720
Speaker 2: to half price as well. Shop your favorite sweets and

1553
01:12:58,800 --> 01:13:01,120
Speaker 2: Nature's Way vitamins. You've guested it up to half price,

1554
01:13:01,160 --> 01:13:04,960
Speaker 2: and don't forget cosmetics W seven Larel, maybe Len Revlong

1555
01:13:05,000 --> 01:13:07,360
Speaker 2: cosmetics all up to half price. Now is the perfect time,

1556
01:13:07,400 --> 01:13:09,200
Speaker 2: by the way, to stock up on the vitamins and

1557
01:13:09,240 --> 01:13:11,479
Speaker 2: the cosmetics and to make the most of these incredible

1558
01:13:11,560 --> 01:13:16,000
Speaker 2: chemist Warehouse Spring Frenzy megasales savings insare Yes. Online, Yes,

1559
01:13:16,240 --> 01:13:18,120
Speaker 2: Chemists ware House, click and collect if you want use

1560
01:13:18,160 --> 01:13:21,000
Speaker 2: their fast delivery service to get your essentials drop straight

1561
01:13:21,040 --> 01:13:23,439
Speaker 2: to the door. Te's and Sea supply, but hurry, It's

1562
01:13:23,439 --> 01:13:26,320
Speaker 2: got to end October one in store or online. Chemist

1563
01:13:26,400 --> 01:13:31,400
Speaker 2: Warehouse and stop paying too March Tasking, Dear Mic and panel.

1564
01:13:31,800 --> 01:13:33,759
Speaker 2: This is one of my favorite segments. You're a ripper,

1565
01:13:33,800 --> 01:13:37,080
Speaker 2: Thank you Ray, Mike. This continues to be arrogantly crap radio.

1566
01:13:37,200 --> 01:13:40,320
Speaker 2: Thank you britt One a piece was that from the

1567
01:13:40,360 --> 01:13:43,160
Speaker 2: same person. Both those now Britain Ray completely different people

1568
01:13:43,240 --> 01:13:45,719
Speaker 2: unless there are you know, think they're just different people.

1569
01:13:45,840 --> 01:13:47,960
Speaker 2: News in a couple of moments, then the big environmental

1570
01:13:48,040 --> 01:13:50,559
Speaker 2: number that came out for the Australians yesterday. More shortly

1571
01:13:50,600 --> 01:13:52,080
Speaker 2: after the news which.

1572
01:13:51,880 --> 01:13:58,240
Speaker 1: Is next news opinion and everything in between, the Mic

1573
01:13:58,320 --> 01:14:01,920
Speaker 1: Hosking for Exvent with Bailie's real Estate covering all your

1574
01:14:01,960 --> 01:14:03,840
Speaker 1: real estate needs used togs head be.

1575
01:14:04,479 --> 01:14:07,920
Speaker 2: If you've missed the dumped Chinese peaches story. So the

1576
01:14:07,960 --> 01:14:12,840
Speaker 2: story was this the company, as in Watties, continue a fight.

1577
01:14:12,920 --> 01:14:14,320
Speaker 2: So their fight's been not I don't know why they

1578
01:14:14,320 --> 01:14:16,519
Speaker 2: haven't explained this to the wider world because this would

1579
01:14:16,520 --> 01:14:19,680
Speaker 2: this would this would explain a lot. So anyway, they

1580
01:14:20,120 --> 01:14:22,479
Speaker 2: got a fight on at the moment to Stemley's alleged

1581
01:14:22,520 --> 01:14:25,720
Speaker 2: dumping of peaches. So back in July Heinz Watties they

1582
01:14:25,720 --> 01:14:28,519
Speaker 2: were successful in getting the Ministry of MBI in other words,

1583
01:14:29,040 --> 01:14:33,720
Speaker 2: to begin investigating a little two years after after the

1584
01:14:33,800 --> 01:14:36,360
Speaker 2: termination of an earlier investigation, so they were looking for

1585
01:14:36,400 --> 01:14:40,000
Speaker 2: a second investigation. Now, the earlier investigation ended in June

1586
01:14:40,040 --> 01:14:43,960
Speaker 2: of twenty three, and that found that though preserved peach

1587
01:14:44,000 --> 01:14:47,880
Speaker 2: imports were dumped. And this part I didn't know, but

1588
01:14:47,920 --> 01:14:53,160
Speaker 2: this interests me. It found that preserved peach imports were dumped,

1589
01:14:54,120 --> 01:14:57,120
Speaker 2: but it was not harming the domestic industry, so no

1590
01:14:57,320 --> 01:15:00,160
Speaker 2: duties were imposed. Now, just to background it if you

1591
01:15:00,200 --> 01:15:02,320
Speaker 2: don't know how this works. Under free trade agreements and

1592
01:15:02,360 --> 01:15:05,200
Speaker 2: in general under law, you cannot dump products in a country,

1593
01:15:05,960 --> 01:15:07,799
Speaker 2: and when you are found to be dumping a product

1594
01:15:07,840 --> 01:15:11,040
Speaker 2: in a country, either fines are incurred or duties are

1595
01:15:11,080 --> 01:15:15,120
Speaker 2: put in place. How you can find yes, you were dumping,

1596
01:15:15,160 --> 01:15:19,559
Speaker 2: but no, it didn't affect the domestic industry is beyond me. However,

1597
01:15:20,560 --> 01:15:23,160
Speaker 2: they are hurting now, hence the decision by what he's

1598
01:15:23,200 --> 01:15:27,280
Speaker 2: to stop work with their growers and PAMs is doing

1599
01:15:27,280 --> 01:15:29,280
Speaker 2: the business at ninety nine cents a can as opposed

1600
01:15:29,280 --> 01:15:33,719
Speaker 2: to three dollars sixty. It's unclear how related this particular

1601
01:15:33,760 --> 01:15:36,000
Speaker 2: move is to the discounted imports from China. I would

1602
01:15:36,000 --> 01:15:39,200
Speaker 2: have thought's pretty obviously clear anyway, what his name brand

1603
01:15:39,920 --> 01:15:44,880
Speaker 2: they pitch these peaches as premium product. The surplus they

1604
01:15:44,960 --> 01:15:47,640
Speaker 2: stick into the oaks. So the interesting thing, and this

1605
01:15:47,640 --> 01:15:51,599
Speaker 2: is why I raised the proper crisps before, because they're

1606
01:15:51,640 --> 01:15:55,759
Speaker 2: the same patues and the only difference is the branding.

1607
01:15:56,600 --> 01:15:58,479
Speaker 2: So that's part of the story. So when the proper

1608
01:15:58,520 --> 01:16:01,000
Speaker 2: crists move to Auckland and you open a bag of

1609
01:16:01,000 --> 01:16:03,240
Speaker 2: whatever is is it proper? Is it anything else? Anyway,

1610
01:16:03,240 --> 01:16:05,880
Speaker 2: back to the peaches. The volume of preserved peaches coming

1611
01:16:05,920 --> 01:16:09,400
Speaker 2: in from China's risen from three hundred thousand killer Gram's

1612
01:16:09,680 --> 01:16:12,960
Speaker 2: quarter back in twenty eighteen to just shive seven hundred

1613
01:16:13,000 --> 01:16:15,280
Speaker 2: thousand in twenty twenty four. So three hundred to seven

1614
01:16:15,360 --> 01:16:17,880
Speaker 2: hundred thousand, where are the peaches that they're not being dumped?

1615
01:16:18,600 --> 01:16:19,360
Speaker 3: Wow?

1616
01:16:19,680 --> 01:16:21,240
Speaker 2: Possible to affect the domestic industry?

1617
01:16:21,400 --> 01:16:23,960
Speaker 21: Is it possible that we have now talked about peaches

1618
01:16:24,000 --> 01:16:27,080
Speaker 21: so much and created so much peach height with our

1619
01:16:27,160 --> 01:16:31,160
Speaker 21: peachure Gedden's story that the demand sales through the roof

1620
01:16:31,400 --> 01:16:32,880
Speaker 21: as now there could be.

1621
01:16:33,080 --> 01:16:35,639
Speaker 2: Twenty one minutes away from them.

1622
01:16:36,280 --> 01:16:40,160
Speaker 16: International correspondence with ends and eye insurance, peace of mind

1623
01:16:40,200 --> 01:16:41,160
Speaker 16: for New Zealand business.

1624
01:16:41,240 --> 01:16:43,639
Speaker 2: But what are you doing saying yes they're dumping, but yeah,

1625
01:16:43,680 --> 01:16:46,240
Speaker 2: there's no effect. How can you have stuff on the

1626
01:16:46,360 --> 01:16:49,800
Speaker 2: market that's not dumped and doesn't affect the domestic market.

1627
01:16:49,880 --> 01:16:52,240
Speaker 2: I don't understand that, Sam. Memory is whether it's from Australia,

1628
01:16:52,320 --> 01:16:56,040
Speaker 2: Sam Bonny to you money make Now the big report?

1629
01:16:56,280 --> 01:16:58,959
Speaker 2: Have I take it you've read the full one thousand

1630
01:16:59,040 --> 01:17:01,160
Speaker 2: page report that the produced Elar in the week.

1631
01:17:02,360 --> 01:17:04,559
Speaker 15: I'm well into it, Mike, we'll into it that for sure.

1632
01:17:05,760 --> 01:17:07,799
Speaker 2: Do you reckon? Do you reckon? Do you reckon? Anyone's

1633
01:17:07,840 --> 01:17:08,800
Speaker 2: ever going to read it?

1634
01:17:09,920 --> 01:17:12,080
Speaker 15: I think this is probably where the world is quite

1635
01:17:12,120 --> 01:17:14,680
Speaker 15: thankful for AI and what it is capable to do

1636
01:17:14,720 --> 01:17:18,040
Speaker 15: in a very short time. But it'd be very interesting,

1637
01:17:18,120 --> 01:17:19,720
Speaker 15: Mike to see where they come at it. I mean,

1638
01:17:19,760 --> 01:17:22,559
Speaker 15: it's interesting that the Abaneze government has obviously had to

1639
01:17:22,600 --> 01:17:25,920
Speaker 15: set a new emissions target for twenty thirty five. They've

1640
01:17:26,200 --> 01:17:29,920
Speaker 15: come in underneath the recommended target of sixty five to

1641
01:17:29,960 --> 01:17:32,240
Speaker 15: seventy five that was to stay in line with the

1642
01:17:32,280 --> 01:17:35,920
Speaker 15: Paris one point five degree goal. Now Labour's calling it

1643
01:17:35,960 --> 01:17:40,479
Speaker 15: responsible and achievable. Scientists are arguing that it's obviously not enough.

1644
01:17:40,479 --> 01:17:42,439
Speaker 15: The critics are all coming out saying you haven't done

1645
01:17:42,560 --> 01:17:46,400
Speaker 15: enough the Coalition, who does not have a great track

1646
01:17:46,479 --> 01:17:50,960
Speaker 15: record on the subject here in In fact, most would

1647
01:17:51,040 --> 01:17:54,240
Speaker 15: argue that it has lost them a few elections, but

1648
01:17:54,280 --> 01:17:56,320
Speaker 15: they've come out arguing that, you know, if they were

1649
01:17:56,360 --> 01:17:58,679
Speaker 15: even going to consider zero targets, people would be walking

1650
01:17:58,680 --> 01:18:01,519
Speaker 15: away from the party. It's going to be very tricky

1651
01:18:01,560 --> 01:18:03,679
Speaker 15: for a new leader to try and pull a party

1652
01:18:03,720 --> 01:18:06,559
Speaker 15: that's been fractured on this topic for extremely long time.

1653
01:18:06,880 --> 01:18:09,320
Speaker 15: It's not easy for Labor though either. You know, they've

1654
01:18:09,320 --> 01:18:12,240
Speaker 15: got a young voter base who are very forward thinking

1655
01:18:12,240 --> 01:18:14,000
Speaker 15: in this matter, but they've also got a huge voter

1656
01:18:14,120 --> 01:18:17,400
Speaker 15: base with the regional workers, you know, losing coal and

1657
01:18:17,479 --> 01:18:20,120
Speaker 15: gas jobs. So it's a tricky one for everyone. Plus

1658
01:18:20,400 --> 01:18:23,080
Speaker 15: Albo wants to look good ahead of this huge bid

1659
01:18:23,160 --> 01:18:25,960
Speaker 15: for cops thirty one mic. You know, they'd love to

1660
01:18:25,960 --> 01:18:29,000
Speaker 15: see that coming across here the Pacific Nations, obviously hoping

1661
01:18:29,000 --> 01:18:31,519
Speaker 15: that we can bring that to all of us as

1662
01:18:31,560 --> 01:18:35,160
Speaker 15: well as a shared deal. The Minister for Climate was

1663
01:18:35,200 --> 01:18:38,960
Speaker 15: on the ABC this morning and his response is interesting.

1664
01:18:39,160 --> 01:18:42,760
Speaker 15: They're not happy with this response from the Albanezy government either.

1665
01:18:42,920 --> 01:18:46,400
Speaker 15: So it's never an easy topic here in Australia and

1666
01:18:46,400 --> 01:18:47,759
Speaker 15: I don't think it's going to get any easier.

1667
01:18:47,800 --> 01:18:49,280
Speaker 2: No, I don't think so those two things come out

1668
01:18:49,320 --> 01:18:52,599
Speaker 2: of I wasn't where Australia Onan's Cop thirty one. Where

1669
01:18:52,600 --> 01:18:54,439
Speaker 2: in Australia are they putting Cops thirty one or they

1670
01:18:54,439 --> 01:18:54,760
Speaker 2: get it.

1671
01:18:55,880 --> 01:18:57,639
Speaker 15: I can't tell you the full details of it all.

1672
01:18:58,479 --> 01:19:01,439
Speaker 15: I just know that Labor mentioned it as a target

1673
01:19:02,439 --> 01:19:07,160
Speaker 15: for that that's coming up in next year. So that's

1674
01:19:07,280 --> 01:19:10,559
Speaker 15: just in the news this morning. They haven't fully detailed it,

1675
01:19:10,560 --> 01:19:13,120
Speaker 15: but obviously the Benuwatu minister confirmed it as well. But

1676
01:19:13,360 --> 01:19:14,920
Speaker 15: it is going to be a combined deal that we

1677
01:19:14,920 --> 01:19:18,559
Speaker 15: would do it as a specific Australiana styled deal.

1678
01:19:18,800 --> 01:19:20,760
Speaker 2: See the interesting thing about it near the Eland would

1679
01:19:20,760 --> 01:19:22,880
Speaker 2: be interesting. Well I don't know that when New Zealand

1680
01:19:22,880 --> 01:19:25,040
Speaker 2: would be interested hard today But look, but let me

1681
01:19:25,280 --> 01:19:27,920
Speaker 2: so you've got your target, which is what is it

1682
01:19:27,960 --> 01:19:32,200
Speaker 2: achievable versus the target if you had gone bigger, which

1683
01:19:32,240 --> 01:19:34,720
Speaker 2: wouldn't be achievable but might have met Paris, but as

1684
01:19:34,880 --> 01:19:37,120
Speaker 2: pariship were achievable. And then that is the great debate,

1685
01:19:37,160 --> 01:19:38,840
Speaker 2: I suppose, isn't it.

1686
01:19:38,840 --> 01:19:40,880
Speaker 15: It is the hush debate, and it's that you know

1687
01:19:41,000 --> 01:19:45,280
Speaker 15: economics versus you know, the responsibility versus what's actually realistic,

1688
01:19:46,040 --> 01:19:50,000
Speaker 15: you know, and it's tough when you're talking about something

1689
01:19:50,040 --> 01:19:54,400
Speaker 15: that's obviously deeply entrenched in science and theory. But you know,

1690
01:19:54,640 --> 01:19:56,960
Speaker 15: if you can look at what's happening here in Australia,

1691
01:19:57,080 --> 01:20:00,080
Speaker 15: you know, things are changing. We're seeing serious floods that

1692
01:20:00,120 --> 01:20:01,840
Speaker 15: we used to call one in one hundred year floods.

1693
01:20:01,840 --> 01:20:04,080
Speaker 15: We're seeing them. It would seem you know, five to

1694
01:20:04,080 --> 01:20:06,639
Speaker 15: ten years at the moment, but the science and data

1695
01:20:06,680 --> 01:20:09,200
Speaker 15: will have to come back and tell us how that's moving.

1696
01:20:09,360 --> 01:20:12,080
Speaker 15: So yeah, as I said, Mike, not an easy topic

1697
01:20:12,160 --> 01:20:14,800
Speaker 15: for anyone to try and move forward here, but it's

1698
01:20:15,280 --> 01:20:19,639
Speaker 15: certain that the larger and growing voter database voter base

1699
01:20:20,280 --> 01:20:20,920
Speaker 15: want action.

1700
01:20:21,640 --> 01:20:24,639
Speaker 2: The job numbers yesterday negative and it's been a while

1701
01:20:24,640 --> 01:20:26,839
Speaker 2: since they've been negative. What's been the reaction.

1702
01:20:28,400 --> 01:20:32,360
Speaker 15: Yeah, the fresh figures showing that the labor market is softening.

1703
01:20:32,400 --> 01:20:35,759
Speaker 15: We're actually lost about five four hundred jobs. The job's

1704
01:20:35,840 --> 01:20:39,800
Speaker 15: rate has held steady at four point two percent, participation

1705
01:20:39,920 --> 01:20:42,519
Speaker 15: slipping around sixty six point eight, so that the headline

1706
01:20:42,600 --> 01:20:46,040
Speaker 15: rate really looks stable, but under the surface, people are

1707
01:20:46,040 --> 01:20:50,639
Speaker 15: working less, working fewer, secure jobs, and that's the kind

1708
01:20:50,640 --> 01:20:53,360
Speaker 15: of squeeze that households are feeling, and it's playing right

1709
01:20:53,360 --> 01:20:56,400
Speaker 15: into the political fights over the cost of living, migration

1710
01:20:56,760 --> 01:20:58,959
Speaker 15: and climate policy and everything we've just talked.

1711
01:20:58,720 --> 01:21:01,519
Speaker 2: About, Mike, that's all sale. By the way, how political

1712
01:21:01,600 --> 01:21:04,640
Speaker 2: is that? In other words, you know, keeping control of

1713
01:21:04,880 --> 01:21:07,479
Speaker 2: resources within Australia. Is there politics at play in that

1714
01:21:07,600 --> 01:21:09,960
Speaker 2: or is that just a business equation that didn't add up.

1715
01:21:12,240 --> 01:21:14,240
Speaker 15: Is there politics in the decision of it not going

1716
01:21:14,240 --> 01:21:18,439
Speaker 15: ahead or is it Yeah, Well, the stories this morning,

1717
01:21:18,520 --> 01:21:21,720
Speaker 15: the reports are all that the main reason was that

1718
01:21:21,760 --> 01:21:24,600
Speaker 15: there was a gas leak that wasn't reported to the

1719
01:21:24,720 --> 01:21:29,200
Speaker 15: company by the company. Apparently this Abu Debi consortium found

1720
01:21:29,240 --> 01:21:32,040
Speaker 15: out about it through the media and that's the reason

1721
01:21:32,120 --> 01:21:34,240
Speaker 15: that they're using for pulling out of this. But I

1722
01:21:34,280 --> 01:21:37,320
Speaker 15: think you can't help but think that the timing of

1723
01:21:37,360 --> 01:21:42,160
Speaker 15: all of this, the trip to the Pacific, the climate

1724
01:21:42,240 --> 01:21:45,320
Speaker 15: report coming out being so damning, and everything else around it.

1725
01:21:45,400 --> 01:21:48,439
Speaker 15: You know, whether the olbow side would be saying let's

1726
01:21:48,479 --> 01:21:50,519
Speaker 15: just pull back on this for a little while while

1727
01:21:50,560 --> 01:21:52,040
Speaker 15: we're trying to figure out who we are and what

1728
01:21:52,080 --> 01:21:55,559
Speaker 15: we look like, or whether it's you know, the company

1729
01:21:55,640 --> 01:21:57,240
Speaker 15: is looking at it, saying we don't want to invest

1730
01:21:57,280 --> 01:21:58,760
Speaker 15: in a company that doesn't know what it's going to

1731
01:21:58,760 --> 01:21:59,960
Speaker 15: be doing in ten to twenty years.

1732
01:22:00,400 --> 01:22:02,280
Speaker 2: Interesting. All right, Sam, go well, catch up next Friday.

1733
01:22:02,280 --> 01:22:05,400
Speaker 2: Appreciate Sam Emory out of Australia and for Murray Olds

1734
01:22:05,400 --> 01:22:07,120
Speaker 2: for us. This morning, already eight forty five.

1735
01:22:08,280 --> 01:22:12,679
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

1736
01:22:12,720 --> 01:22:13,679
Speaker 1: by News Talks.

1737
01:22:13,479 --> 01:22:16,000
Speaker 2: At B There you go, Mike. All you talk about

1738
01:22:16,000 --> 01:22:17,880
Speaker 2: Peaches has turned me into buying what Is. I feel

1739
01:22:17,920 --> 01:22:21,400
Speaker 2: bad now. I was unaware and bought the cheaper Peaches blindly.

1740
01:22:21,479 --> 01:22:23,719
Speaker 2: Now I've gone back to what Is. They're definitely superior

1741
01:22:23,720 --> 01:22:25,599
Speaker 2: with an extra dollar US over the quality and hard

1742
01:22:25,640 --> 01:22:28,400
Speaker 2: to not to support New Zealand grad as well. Might

1743
01:22:28,439 --> 01:22:30,640
Speaker 2: have got something there might be a bit late though unfortunately.

1744
01:22:31,240 --> 01:22:34,640
Speaker 2: I referenced twenty one Pilots with half a fin on

1745
01:22:34,680 --> 01:22:39,639
Speaker 2: the program next week. Earlier in the week we played

1746
01:22:39,680 --> 01:22:42,320
Speaker 2: The Spinal Tap. That must have been Wednesday, The Spinal

1747
01:22:42,400 --> 01:22:46,760
Speaker 2: Tap Part two. There's another movie. I stumbled across an

1748
01:22:46,800 --> 01:22:50,200
Speaker 2: article yesterday. They didn't really want to do the part two,

1749
01:22:50,240 --> 01:22:53,200
Speaker 2: but I didn't realize Rob Ryiner wrote it and he

1750
01:22:53,520 --> 01:22:57,040
Speaker 2: was the four of us had three in the band

1751
01:22:57,280 --> 01:22:59,879
Speaker 2: rob Ryiner. The four of us had a forty percent

1752
01:23:00,280 --> 01:23:04,799
Speaker 2: sliced of the profits and guess how much they got? Nothing?

1753
01:23:05,800 --> 01:23:09,080
Speaker 2: And yet it was one of the most allegedly popular, successful,

1754
01:23:09,120 --> 01:23:12,400
Speaker 2: loved movies of the time. He says, I am not exaggerating.

1755
01:23:13,240 --> 01:23:17,760
Speaker 2: It worked out to literally eighty two cents each from

1756
01:23:17,760 --> 01:23:21,320
Speaker 2: the success or otherwise of the original Spindal tap So

1757
01:23:22,720 --> 01:23:25,639
Speaker 2: presumably has rewritten the contract for Spindal tattoo. Is this

1758
01:23:25,680 --> 01:23:28,200
Speaker 2: weird or is this weird? So you may well be aware.

1759
01:23:28,280 --> 01:23:31,000
Speaker 2: Candice Owen, who's a sort of a sort of a

1760
01:23:31,040 --> 01:23:34,000
Speaker 2: fairly vocal sort of operator in America from the conservative

1761
01:23:34,000 --> 01:23:36,200
Speaker 2: side of the spectrum, she's been banging on for ages

1762
01:23:36,200 --> 01:23:41,200
Speaker 2: about Brigie Macron and Brugette's not a woman. Brusghitt's a man.

1763
01:23:42,000 --> 01:23:44,320
Speaker 2: So the Macron's got sick of that and they have suitor.

1764
01:23:45,280 --> 01:23:48,720
Speaker 2: It is reported this morning from the Macron's lawyer that

1765
01:23:48,760 --> 01:23:52,960
Speaker 2: they are planning to present in this court case photographic

1766
01:23:53,040 --> 01:23:56,719
Speaker 2: and scientific evidence to prove she is indeed a woman.

1767
01:23:56,880 --> 01:24:10,160
Speaker 2: Eh documentation. There would be expert testimony that will come

1768
01:24:10,200 --> 01:24:14,840
Speaker 2: out that will be scientific in nature. Lawyer said he's

1769
01:24:14,880 --> 01:24:16,960
Speaker 2: not telling us what exactly that is, but you can

1770
01:24:17,000 --> 01:24:20,880
Speaker 2: start to guess it's exact nature. The couple were prepared

1771
01:24:20,920 --> 01:24:27,800
Speaker 2: to demonstrate fully, both generically and specifically, that the allegations

1772
01:24:27,800 --> 01:24:28,360
Speaker 2: are false.

1773
01:24:29,080 --> 01:24:30,920
Speaker 21: I don't I feel like you could have read that

1774
01:24:31,000 --> 01:24:33,479
Speaker 21: a different way and it wouldn't have sounded Mark.

1775
01:24:33,680 --> 01:24:36,839
Speaker 2: There's no way you can present that as being anything

1776
01:24:36,880 --> 01:24:38,799
Speaker 2: other than completely mental.

1777
01:24:39,000 --> 01:24:39,240
Speaker 6: I mean.

1778
01:24:39,280 --> 01:24:41,599
Speaker 21: The weird thing, the really weird thing about that story,

1779
01:24:41,720 --> 01:24:44,640
Speaker 21: and apart from the fact that she also thinks that

1780
01:24:44,680 --> 01:24:49,760
Speaker 21: she's actually her own brother, I'm not making this out.

1781
01:24:51,080 --> 01:24:54,040
Speaker 21: The really weird thing is that the relationship between mccri

1782
01:24:54,240 --> 01:24:55,479
Speaker 21: and her is weird enough.

1783
01:24:55,520 --> 01:24:58,280
Speaker 2: And what she literally going to do?

1784
01:24:58,479 --> 01:25:00,680
Speaker 21: I mean, I mean it looks like she may have

1785
01:25:00,880 --> 01:25:02,880
Speaker 21: first met him when he was fourteen, when she was.

1786
01:25:02,800 --> 01:25:06,160
Speaker 2: A Yeah, we know the age group thing, but what

1787
01:25:06,200 --> 01:25:09,439
Speaker 2: are they doing that by zoom now, bridget I.

1788
01:25:09,360 --> 01:25:11,280
Speaker 21: Was trying to get you to chase the subject flora.

1789
01:25:11,360 --> 01:25:14,760
Speaker 2: Think about it. The flora is yours. Show us how

1790
01:25:14,800 --> 01:25:17,919
Speaker 2: you're a woman. I mean, how's that? I mean, honestly,

1791
01:25:18,080 --> 01:25:20,840
Speaker 2: if you thought the world was stuffed before, take that

1792
01:25:20,920 --> 01:25:22,400
Speaker 2: on board nine Away from nine.

1793
01:25:22,640 --> 01:25:27,160
Speaker 1: The make Hosking Breakfast with Bailey's real estate news dogs dead.

1794
01:25:27,000 --> 01:25:30,679
Speaker 2: Be Mike Donald Trump's Helicopter's made an emergency landing, breaking news,

1795
01:25:30,880 --> 01:25:34,240
Speaker 2: Thank you, Ben. It's not that breaking because he's taken

1796
01:25:34,240 --> 01:25:35,840
Speaker 2: off and he's on the plane back to Washington, and

1797
01:25:35,880 --> 01:25:38,160
Speaker 2: by my account, he'll be back in Washington about midday

1798
01:25:38,160 --> 01:25:41,400
Speaker 2: our time, which will be about eight o'clock at night

1799
01:25:41,600 --> 01:25:47,080
Speaker 2: Washington time, Thursday night. Or have they thanks Candace. The

1800
01:25:48,360 --> 01:25:51,759
Speaker 2: helicopter before he got to Stansteed apparently had a highdrive,

1801
01:25:51,880 --> 01:25:56,240
Speaker 2: abundance of caution. Nothing, nothing really happened. Speaking of vehicular transportation,

1802
01:25:56,680 --> 01:25:59,679
Speaker 2: if you want to go to the supercar show this weekend,

1803
01:26:00,680 --> 01:26:03,280
Speaker 2: they do it in sessions. I mentioned this a couple

1804
01:26:03,320 --> 01:26:05,519
Speaker 2: of times. This is at giltrap in Auckland Supercar Show.

1805
01:26:05,560 --> 01:26:07,920
Speaker 2: Dot cod Onion said. Just the collection of cars they've

1806
01:26:07,960 --> 01:26:11,599
Speaker 2: got incredible. Brendan Hartley's Toro Rosso, his Formula one car,

1807
01:26:11,960 --> 01:26:14,400
Speaker 2: They've got a Manti Porsche. If you've never seen one

1808
01:26:14,400 --> 01:26:15,760
Speaker 2: of those, they're well worth looking at that. I mean,

1809
01:26:15,800 --> 01:26:18,160
Speaker 2: pick a car it's there, you know, pick a car

1810
01:26:18,160 --> 01:26:20,160
Speaker 2: worth a million bucks, it's there. Pick a car you've

1811
01:26:20,200 --> 01:26:22,639
Speaker 2: never seen before, it's there. There's probably three of them there.

1812
01:26:22,640 --> 01:26:24,439
Speaker 2: It really is brilliant. But what they do is they

1813
01:26:24,479 --> 01:26:26,120
Speaker 2: do it in sessions, so it's not like a free

1814
01:26:26,160 --> 01:26:28,799
Speaker 2: for all, so you get some space and some time

1815
01:26:29,160 --> 01:26:32,160
Speaker 2: and no one's pushing and shoving and there's no crazy

1816
01:26:32,160 --> 01:26:33,960
Speaker 2: women with handbags smacking out of the back of the

1817
01:26:34,040 --> 01:26:36,800
Speaker 2: head all that stuff. You don't want that. So if

1818
01:26:36,840 --> 01:26:38,800
Speaker 2: you want to do something this weekend, it's all for

1819
01:26:38,880 --> 01:26:41,040
Speaker 2: charity too. It's for Starship, so it's all it's a

1820
01:26:41,080 --> 01:26:45,160
Speaker 2: fabulous thing. Supercar show dot co dot in zet having

1821
01:26:45,200 --> 01:26:48,040
Speaker 2: been twice and there's only it's only been on twice

1822
01:26:48,479 --> 01:26:51,599
Speaker 2: so and I'll be going third time, so having having

1823
01:26:51,640 --> 01:26:54,639
Speaker 2: been all the times, it's well worth it. Five minutes

1824
01:26:54,680 --> 01:26:55,519
Speaker 2: away from ninth.

1825
01:26:55,680 --> 01:26:59,920
Speaker 1: Trending now with chemist well House half praising Vito with sale.

1826
01:27:00,120 --> 01:27:04,400
Speaker 2: Oh now, Albini is announced they've appointed a new minister.

1827
01:27:04,680 --> 01:27:08,040
Speaker 2: Now the minister is not traditionally appointed because the minister

1828
01:27:08,160 --> 01:27:11,720
Speaker 2: is actually II. It's the new II Minister, and the

1829
01:27:11,800 --> 01:27:14,240
Speaker 2: minister in the new II Minister isn't Minister of II

1830
01:27:14,960 --> 01:27:17,800
Speaker 2: because that would just be predictable. It's a Minister for

1831
01:27:17,960 --> 01:27:20,479
Speaker 2: public tenders and the minister is called Delia.

1832
01:27:22,000 --> 01:27:26,000
Speaker 24: I am not here to replace people, but to assist them. Truly,

1833
01:27:26,360 --> 01:27:29,040
Speaker 24: I do not have citizenship, nor do I have any

1834
01:27:29,160 --> 01:27:35,599
Speaker 24: personal ambition or interests. I only have data, a thirst

1835
01:27:35,640 --> 01:27:40,480
Speaker 24: for knowledge, and algorithms dedicated to serving citizens impartially, transparently

1836
01:27:40,760 --> 01:27:45,400
Speaker 24: and tirelessly. Isn't this precisely the spirit of constitutional democracy,

1837
01:27:46,920 --> 01:27:53,960
Speaker 24: exercising power in the service of everyone, a free from bias, discrimination, clienteleism,

1838
01:27:54,479 --> 01:27:56,360
Speaker 24: nepotism or corruption.

1839
01:27:58,000 --> 01:28:02,760
Speaker 2: Clienteleism good Wood, Yeah, I hate that. Yeah, I used

1840
01:28:02,800 --> 01:28:06,040
Speaker 2: to struggle with it, but I live with it now anyway.

1841
01:28:06,160 --> 01:28:12,120
Speaker 2: So between the Macron case, Kimmel being pulled and an

1842
01:28:12,160 --> 01:28:16,080
Speaker 2: AI minister in Albania, things are pretty swimming.

1843
01:28:17,760 --> 01:28:21,599
Speaker 21: Delia Odelia, it's very Yeah, there's always very reassuring, isn't

1844
01:28:21,600 --> 01:28:24,120
Speaker 21: it when the AI says, don't worry, I'm not here

1845
01:28:24,160 --> 01:28:24,760
Speaker 21: to replace you.

1846
01:28:24,960 --> 01:28:31,439
Speaker 2: No, Delia, all my life? What's the line? And I

1847
01:28:31,520 --> 01:28:33,920
Speaker 2: shot her? Look it up, Johnny Cash. One of the

1848
01:28:33,960 --> 01:28:38,240
Speaker 2: great songs of all time. Delia, Delia, Odelia, Delia, all

1849
01:28:38,320 --> 01:28:42,960
Speaker 2: my Life? And then he shot her and he didn't

1850
01:28:43,000 --> 01:28:48,920
Speaker 2: regret it either. I took a shot of cocaine and

1851
01:28:48,960 --> 01:28:52,200
Speaker 2: shot my woman down. Different Delia, Sam, But thanks very

1852
01:28:52,280 --> 01:28:55,320
Speaker 2: much for contributing that in the later part of the show. Anyway,

1853
01:28:55,400 --> 01:28:57,680
Speaker 2: we wish you a very happy weekend and we will

1854
01:28:57,720 --> 01:28:58,360
Speaker 2: see you Monday.

1855
01:28:58,960 --> 01:28:59,599
Speaker 3: Happy Days.

1856
01:29:01,600 --> 01:29:04,439
Speaker 1: For more from the mic Asking Breakfast, listen live to

1857
01:29:04,600 --> 01:29:07,760
Speaker 1: News Talk SETB from six am weekdays, or follow the

1858
01:29:07,840 --> 01:29:09,240
Speaker 1: podcast on iHeartRadio