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Speaker 1: Your trusted source for news and fews, the Mic Hosking.

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Speaker 2: Breakfast with Bailey's real Estate.

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Speaker 1: Your local experts across residential, commercial and rural news talks

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Speaker 1: had been well, you're welcome.

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Speaker 3: Today, Adrian or in his party tricker pulling a rake

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Speaker 3: cart out of nowhere, the Immigration Minister on the booster,

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Speaker 3: RC numbers for fruit picking, Matt Paying talks, motorsports, supercows.

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Speaker 3: Of course, after eight Joe McKenna is antline Rod Liddle

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Speaker 3: in the Mighty UK for US Pasky Well Thursday morning,

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Speaker 3: seven past six. The great crime out of Adrianaw's move

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Speaker 3: is can you trust them? And the answer appears to

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Speaker 3: be known. A central bank is supposed to get the economy.

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Speaker 3: His and his committee clearly don't get the economy. Don't

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Speaker 3: get me wrong. I mean what he did was the

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Speaker 3: right thing. A lot of people think it was the

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Speaker 3: right thing. But he's supposed to land this economy softly,

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Speaker 3: and he crashed it. And having crashed it, he still

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Speaker 3: denied he crashed it until it clearly became so bleedingly obvious.

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Speaker 3: He did what he did yesterday. The cuts that weren't

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Speaker 3: coming until next year are here. Now you only do

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Speaker 3: what he did, because you overcome it in the first place.

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Speaker 3: Brad Olsen of infometrics was wrong, but he was wrong

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Speaker 3: for the right reasons. He said, head should roll, and

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Speaker 3: on that he's spot on. You don't run a commentary

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Speaker 3: that says one thing then do another. Oh, their defense

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Speaker 3: will be things have changed. Oh, things have changed. But

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Speaker 3: that that has always been the are weak point. He

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Speaker 3: likes to position himself as some sort of completely removed observer,

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Speaker 3: devoid of any influence on the economy at all. Oh, look,

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Speaker 3: haven't things come to a grinding helt? How did that happen?

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Speaker 3: Last time he talked? He saw one thing and told

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Speaker 3: us how it was going to play out. He was wrong.

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Speaker 3: But the Olson point, and indeed my point was, aren't

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Speaker 3: we supposed to believe them? When non tradable inflation is

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Speaker 3: five point four percent? Is that zero to three?

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Speaker 4: No?

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Speaker 3: It isn't. When unemployment is four point six not five

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Speaker 3: point five, has that metric fallen to where it was

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Speaker 3: supposed to have? No, But that doesn't matter apparently anymore.

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Speaker 3: Forget everything I said. I've decided to cut That's how

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Speaker 3: the governor plays us. The inescapable truth as he cocked

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Speaker 3: it up he tried to put it right overcorrected, pretended

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Speaker 3: he didn't until it was too late. The rhetoric didn't

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Speaker 3: matter to the reality, and we got to yesterday result. Well,

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Speaker 3: we'll take that quality of the journey.

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Speaker 2: Bollocks news of the world in ninety seconds.

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Speaker 3: So war update reporters have arrived in the bit. Zelenski's

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Speaker 3: got back over the Russians.

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Speaker 5: As we were driving down here, you could see Russian

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Speaker 5: territory in the distance. You can see this place has

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Speaker 5: been pretty deserted. This area has been a war zone

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Speaker 5: since Russia's full scale invasion.

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Speaker 3: Meantime, the Americans have flat out trying to talk down

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Speaker 3: the Lebanese.

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Speaker 6: We continue to believe that a diplomatic resolution is achievable

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Speaker 6: because we continue to believe that no one truly wants

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Speaker 6: a full scale war between Lebanon and Israel.

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Speaker 3: Now we've got a politician's defending records segment for you

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Speaker 3: this morning. So Tim from Wisconsin. He's facing a lot

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Speaker 3: of Republican heat over what he did or didn't do

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Speaker 3: in the military.

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Speaker 7: I'm going to say it again as clearly as I can.

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Speaker 2: I am damn proud of my service to this.

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Speaker 7: Country, and I firmly believe you should never detegrate another

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Speaker 7: person's service record.

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Speaker 3: And Liz, who ran Britain for a couple of days,

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Speaker 3: has written the book. But during a publicity event, protest

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Speaker 3: has rolled out of sign saying I tank the economy,

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Speaker 3: accompanied by a picture of a letus. She walked off

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Speaker 3: stage and issued a statement.

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Speaker 8: She said that what happened last night was not funny.

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Speaker 8: Far left activists disrupted the event, which then had to

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Speaker 8: be stopped for security reasons. This is done to intimidate

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Speaker 8: people and suppress free speech. I won't stand for it.

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Speaker 3: British courts another yob. This one's called Trevor. Trevor was

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Speaker 3: off work with a spinal injury, but remarkably flexible enough

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Speaker 3: to toss some stuff at a hotel. And the rights

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Speaker 3: you have.

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Speaker 9: Brought shame on yourself and the tone of which you

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Speaker 9: are a resident.

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Speaker 2: You must be punished.

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Speaker 3: For what you did. So he's off to jail. Also

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Speaker 3: in Britain, inflation's back up.

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Speaker 9: But a year ago we were counting in the invasion figures.

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Speaker 9: This huge fall in the price cup more than eleven

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Speaker 9: hundred pounds or this fall has now been replaced by

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Speaker 9: this much smaller fall in the energy price cup last month.

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Speaker 3: Finally, Holiday News three says they'll be reopening to limited

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Speaker 3: tourists by the end of the year. It has been

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Speaker 3: five years, of course, and today's up their border because

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Speaker 3: of COVID small restrictions, though they are going to prioritize

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Speaker 3: visitors from quote unquote friendly nations first sa Reeg, China

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Speaker 3: and Russia. News of the world in ninety democracies all

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Speaker 3: over the place. This morning, we've got the Thai Court

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Speaker 3: once again intervening in matters the Constitutional court. The current

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Speaker 3: Prime Minister he appointed a bloke to his cabinet that

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Speaker 3: the court didn't like. So the court said, well, this

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Speaker 3: has not acceptable, violated the rules on ethics the display

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Speaker 3: of defiant behavior. So he's now been sacked third PM

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Speaker 3: and sixteen years to be removed by the same court.

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Speaker 3: And that is before we get to Japan.

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Speaker 1: Twelve past six the Mic Asking Breakfast Full Show podcast

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Speaker 1: on iHeartRadio Coward by News Talk Zippy.

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Speaker 3: You no court involve but sheet has gone in Japan.

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Speaker 3: He's only been running the place for three years, but

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Speaker 3: he's been mired and scandal. So the problem now he

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Speaker 3: goes the same pulling at Joe Biden because he's old.

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Speaker 3: Of course anyway, it's going to drigg a replacement to

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Speaker 3: replace him, so he becomes or whoever becomes the new

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Speaker 3: party leader also becomes the prime minister. So that sort

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Speaker 3: of seemingly came out of nowhere yesterday fourteen past six

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Speaker 3: from Funds Management Greg Smith morning to you, Morning to mikee.

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Speaker 3: So the twenty five points it was, yeah, hey.

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Speaker 10: We've got the cutwork we talked about, you say, and

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Speaker 10: we've been calling for in recent months. So it has

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Speaker 10: been a huge conviction amongst market participants. So ends if

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Speaker 10: he gritted the news very warmly, up over two percent, stocks,

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Speaker 10: a sense of instrates and an economy they took off.

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Speaker 10: Ryman was up over five percent, as was freightways, And yeah,

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Speaker 10: I think just a tip of the hat to Agan All.

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Speaker 10: I mean, he's trying to get ahead of further weakness

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Speaker 10: in the economy. Here we are going to be going

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Speaker 10: into a recession again in the fourth quarter, and he's

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Speaker 10: just really acknowledged that the economy has deteriorated further since

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Speaker 10: that may manatary policy statement perfectly and told to do that. Yeah,

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Speaker 10: the obviously Consumer conference is a week a business conference.

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Speaker 10: Housing markets are lower unemployments probably five percent right now.

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Speaker 10: And you know China, our biggest customers soft and the

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Speaker 10: migration tailwins we've talked about, Yes, they are also fading.

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Speaker 10: So eco medicine has been taken. He's obviously couldn't hide

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Speaker 10: his joy enough that it's inflation's back between the one

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Speaker 10: to three percent brand Bends will say, and yeah, I

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Speaker 10: think just basically the elements of inflation that they can

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Speaker 10: control are under control. I think the big thing here,

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Speaker 10: Mike is a spare capacity that's emerged in the economy.

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Speaker 10: So yes, we've still got a bit of services inflation,

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Speaker 10: but yeah, that should come down as well. We're going

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Speaker 10: to get a weak occurrence and we did see the

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Speaker 10: NZ dollar fall, so I think you've got to take

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Speaker 10: the rough with the smooth there and the benefit to

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Speaker 10: the economy as a whole.

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Speaker 2: He did say it's darkest before.

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Speaker 10: The dawn, and hopefully he's not too far off and

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Speaker 10: saying we're dawn at the moment. And yet the fact

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Speaker 10: that monetary policy doesn't work immediately, it needs time to operate.

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Speaker 10: We're not going to get GDP numbers till late next months,

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Speaker 10: so the data is a little bit out of date,

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Speaker 10: makes a lot of sense to go now, and you

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Speaker 10: know we'll have a good chance that way of hitting

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Speaker 10: those three percent growth targets next year and the year after.

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Speaker 10: We can expect more easily before the end of the ye.

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Speaker 10: It's good news for borrows and mortgage holders. See banks

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Speaker 10: already moved on rates. We're going to potentially get up

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Speaker 10: to another fifty basis points of rate cuts. And yeah,

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Speaker 10: the center back does have a history of when it goes,

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Speaker 10: that goes quickly, so you know we'll be at the

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Speaker 10: oci of say four percent by the end of next year.

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Speaker 10: So yeah, it was the news we were looking for.

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Speaker 3: Mike, Okay, two point two in Britain. What's that do

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Speaker 3: for the B and B?

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Speaker 10: So yeah, I think Look, it was slightly it was

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Speaker 10: in line of expectations. It's above the Bank of England's

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Speaker 10: two percent target. Household services and housing that drove it.

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Speaker 10: But you look at the core CPI which is what

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Speaker 10: they look at three point three percent in July, down

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Speaker 10: from three and a half percent in June. Services inflation hedge,

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Speaker 10: which has been sticky worldwide, ease to five point two

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Speaker 10: percent in July, down from five point seven percent, So yeah,

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Speaker 10: they're going to go again. So markets are saying fifty

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Speaker 10: percent chance we come in September nine cent November I. Meanwhile,

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Speaker 10: the feed's not going to be too far behind and

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Speaker 10: cutting rights either. So you look at the CPI, the

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Speaker 10: down for the fourth month in a row with a

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Speaker 10: three year low two point nine percent headlined, down from

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Speaker 10: three percent in June. Lois since March twenty twenty one

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Speaker 10: monthly basis point two percent, in line with expectations. Housing

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Speaker 10: related costs, they drove a lot of that. The FEDS

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Speaker 10: asked to see progress on inflation. It's got it. After

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Speaker 10: we had that whole sell inflation print yesterday which was

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Speaker 10: softer than expected. The question now might for the feeders

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Speaker 10: whether they go half percent or quarter percent on September seventeenth.

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Speaker 10: Markets are saying it's a fifty to fifty call. So yeah,

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Speaker 10: really it's about the data between now and then.

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Speaker 3: Okay, and then we come to the CPA. Not a record,

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Speaker 3: but Jess is still making some dough.

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Speaker 10: They're making a lot of dough. So Australa's biggest bank

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Speaker 10: nine point eight billion Australian dollars, so down just two

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Speaker 10: cent on a year ago. Which was a record. Interest

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Speaker 10: margins are being strong. The great news for shareholders is

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Speaker 10: that record dividends seven points seven billion dollars are paying

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Speaker 10: around about eighty cents every dollar they make in earnings

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Speaker 10: out and dividends. It's the highest ever paid. That also

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Speaker 10: extended shared buybacks.

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Speaker 2: Bad debts they.

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Speaker 10: Are, they're low despite higher interest rates. They've got plenty

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Speaker 10: of the way of economic buffers. She carrying around two

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Speaker 10: point two billion dollars in provisions to cover the scenario

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Speaker 10: of the Aussie house market falls twenty five percent. As

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Speaker 10: we know, it's actually been rising. She is up one

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Speaker 10: point three percent eighteen percent high year to date despite

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Speaker 10: the scene as what a premium valuation to others market

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Speaker 10: cap two to four billion with more than BHP. A

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Speaker 10: bit of a fun fact that half of the Australian

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Speaker 10: population holds. SHE is in CBA either directly or virus

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Speaker 10: superannuation funds. So that's good news and just quickly as well,

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Speaker 10: so they own ASP here as well and your profit.

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Speaker 10: They are down seven percent to one point five billion.

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Speaker 10: Last year was a record Entrance margins healthy loan impayments

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Speaker 10: are not too bad and ASP said around twenty per

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Speaker 10: cent of customers are yet to roll off rates below

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Speaker 10: six percent, but given what we're talking about before, most

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Speaker 10: will be feeling a lot better about that prospect.

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Speaker 3: Numbers please, So the DOWBT is.

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Speaker 10: Up two hundred and fifty points forty thousand and sixteen.

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Speaker 10: Is in P five hundred, up point two percent, five

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Speaker 10: to four nasdack down point two percent, seventeen one four

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Speaker 10: eight foots the up points six percent, stocks fifty in

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Speaker 10: Europe up point seven percent. Swiss Bank Giant ubs that

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Speaker 10: was at five percent its results, Nickel opp point six

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Speaker 10: percent in Japan A six two hundred up point three percent,

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Speaker 10: Goal down twenty four bucks two thousand, four hundred and

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Speaker 10: forty two. And now it'ce WTI oil down a dollar

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Speaker 10: twenty seven sering spot one four and yeah, the key

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Speaker 10: is week across the board on that IRVNC. The rate

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Speaker 10: cut so down one point two percent against the US

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Speaker 10: sixty even, down point seven percent against the A dollar

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Speaker 10: ninety point nine against Stirling, we're down one percent forty

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Speaker 10: six point eight and yeah, keep investors celebrated that rate

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Speaker 10: cut with vigor insidex fifty two point one percent, two

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Speaker 10: hundred and fifty points higher twelve five seven two that

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Speaker 10: is a thirty one month high.

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Speaker 3: See you tomorrow, Greg Smith, Devin funds management tasks all

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Speaker 3: about making money. Are the largest sovereign fund of the world,

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Speaker 3: which of course is Norway's business. They yeah, they came

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Speaker 3: in with a little bit of a profit. They've been

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Speaker 3: into the tech, they've been into the AI and what

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Speaker 3: sort of profit they make for the first half of

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Speaker 3: the year. Just the one hundred and thirty eight billion

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Speaker 3: dollars It is six twenty News Talks.

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Speaker 11: It'd be.

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Speaker 1: The Mike hosting Breakfast Full Show podcast on iHeartRadio powered

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Speaker 1: by News Talks.

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Speaker 3: It be You're often running on the Adrian Norsonnario as

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Speaker 3: with us after seven thirty. By the way, meantime, Trump's

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Speaker 3: come out talked about who hacked them.

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Speaker 12: It looks like it's Iran. Iran doing it, because Iran

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Speaker 12: is no friend of mine, and you know a lot

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Speaker 12: of bad segnals get sent. But it looks like it's

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Speaker 12: Iran doing it. And there reason is because I was

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Speaker 12: strong and Iran and I was protecting people in the

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Speaker 12: Middle East that maybe they aren't.

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Speaker 2: They aren't so happy about that.

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Speaker 12: So that's what it seems to be Iran, is that

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Speaker 12: I don't want to say exactly, but it was around.

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Speaker 3: Simple as that. They did. Ask him also about this

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Speaker 3: business of the AI generated crowdy was claiming, well, I

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Speaker 3: can say what was there?

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Speaker 13: Who was there?

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Speaker 12: I can only tell you about ours. We have the

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Speaker 12: biggest crowds ever in the history of politics. We have

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Speaker 12: crowds that nobody's ever seen before, and we continue to

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Speaker 12: have that. We have a level of enthusiasm that nobody's

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Speaker 12: seen before. They want to make America great again. That's

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Speaker 12: what's happening.

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Speaker 3: I want to come back to it because the Republicans

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Speaker 3: are starting to get concerned about his behavior at the moment.

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Speaker 3: But more on that later. Right here, Mike, what are

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Speaker 3: bloody shambles? This is how we describe Adrian, or in

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Speaker 3: as Mate's actions running our reserve bank in the country.

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Speaker 3: We've got no confidence in Adrian. This last reserve bank

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Speaker 3: statement confirms at all, Mike. We just get rid of

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Speaker 3: the reserve bank and run our currency and back it

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Speaker 3: with gold Colon. Guess no, Mike, the problem with Adrian

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Speaker 3: I've now fixed for two years based on a shit advice,

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Speaker 3: based on Mikes comments last time round, no cuts till

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Speaker 3: twenty five. I fixed my mortgage in July now in fuming,

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Speaker 3: and I don't blame you for one second, Mike. What

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Speaker 3: gives the light of the RB is near delusion that

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Speaker 3: inflation has moved down enduringly in the last three months,

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Speaker 3: following his last announcement that OCR would not reduce until

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Speaker 3: twenty twenty five, and that in that is the part

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Speaker 3: of the problem. Ask yourself the question, are we and

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Speaker 3: zero to three at the moment?

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Speaker 14: No?

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Speaker 3: Is non tradable at five point four? Yes? Is that

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Speaker 3: within the band? No is? Unemployment peaked at five point

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Speaker 3: five No, So all of a sudden, all the stuff

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Speaker 3: he was waiting for doesn't count anymore. Is that what

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Speaker 3: he's saying, Mike? This rate cut won't fix the economy.

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Speaker 3: The effect of Adrian's money printing has put businesses to

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Speaker 3: the wall. Why households will only be able to spend

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Speaker 3: any extra money on paying their high mortgages, the new

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Speaker 3: high costs of goods such as food, rate rents, and

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Speaker 3: if they can get insurance. It won't stop the recession.

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Speaker 3: So Adrian with us in about an hour's time, six

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Speaker 3: twenty five trending.

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Speaker 1: Now with one square house, you're one start for Father's

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Speaker 1: Day fragrances marble back.

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Speaker 3: One of Spiderman's biggest enemies is Craven, So they've called

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Speaker 3: this movie Craven the Hunter.

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Speaker 4: My Son, we are hunters, the creator the world has

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Speaker 4: ever enough?

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Speaker 2: Oh, I never to ask you. I heard it's the

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Speaker 2: noise of thunder. And you like your father, a gangster, a.

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Speaker 15: Killer.

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Speaker 16: There's a man going round taking names, my son, and

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Speaker 16: he decides who to free and who to blame.

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Speaker 4: Yes, and in the master let you come imagine, embrace

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Speaker 4: who you really are, so and you will become weds

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Speaker 4: when the man comes around.

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Speaker 3: Forget The movie sounds like crap, but the soundtrack from

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Speaker 3: American Recordings with Johnny Cash is a must, as produced

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Speaker 3: by Rick Rubin. Craven's played by Aaron Taylor Johnson. He's

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Speaker 3: the bloke they think it's going to be the James Bond,

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Speaker 3: Russell Crowe, good old Rusty. He plays his dad. It'll

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Speaker 3: be in cinemas the thirteenth of December. Now, people picking fruit,

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Speaker 3: you go, well, unemployed people obviously now that we've got

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Speaker 3: the traffic light system. Well, according to the immigration minister, no,

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Speaker 3: we need more people in from the Pacific. How does

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Speaker 3: that work with.

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Speaker 1: Setting the news agenda and digging into the issues the

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Speaker 1: Mic Hosking Breakfast with Alveda, Retirement Communities, Life Your Way

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Speaker 1: news talks.

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Speaker 3: He'd be Mike regarding Adrian or on the interest rate

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Speaker 3: reduction of these people who fixed for two years prior

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Speaker 3: to yesterday. Dumbfound me. Keep your ear to the ground.

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Speaker 3: My question is why was the am Z already reducing

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Speaker 3: the fixed rates in the last six weeks. Well, a

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Speaker 3: couple of reasons, and I could bore you it was

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Speaker 3: with a detailed answer, but I won't. But I do

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Speaker 3: take your point. But you are asking a lot of

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Speaker 3: people to be more, perhaps economically astute than they are.

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Speaker 3: And I'll come back to that in the moment, Mike,

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Speaker 3: like the other guy, based on Adrian's comments in May,

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Speaker 3: I fixed for a year in July, it'll cost me

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Speaker 3: twenty thousand dollars an interest more than if I fix

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Speaker 3: for six months. Here's the main problem. And you've got

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Speaker 3: a number overnight from the United States Consumer of Prices

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Speaker 3: slowest pace in more than three years last month are

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Speaker 3: two point nine percent. Why is that important? Because it

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Speaker 3: clears the way for the Federal Reserve to move. Do

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Speaker 3: we know they're going to move, Yes, we do. How

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Speaker 3: do we know they're going to move because they've told us,

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Speaker 3: They've said, we will look to move in September. All

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Speaker 3: things being equal, we will cut in September. No surprises,

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Speaker 3: they've laid the groundwork. The Central Bank in Europe did

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Speaker 3: exactly the same thing a couple of months ago. They said,

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Speaker 3: all things being equal, we're looking to go in June.

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Speaker 3: Did they go in June? Yes, they did. The commentary counts.

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Speaker 3: You've got to have faith in the people who run

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Speaker 3: the economy and if you can't, where are you eleft?

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Speaker 3: Last time we heard from Adrian it was next year.

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Speaker 3: Suddenly it was yesterday. In that is your problem twenty

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Speaker 3: two to seven. He's Witherson and our Joe mckinner and Italy.

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Speaker 3: By the way, she's on holiday. Another one on holiday,

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Speaker 3: swanning around Europe and the sunshine, so we'll get the

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Speaker 3: update from her shortly meantime. Back here. Good news, bad

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Speaker 3: news story. Economically, we'll have more seasonal workers heading our way.

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Speaker 3: These are changes to the rc cap for the haught

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Speaker 3: and viticulture industries. The Immigration Minister Erica Stanford's with us

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Speaker 3: on that's very good morning to you.

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Speaker 2: Good morning match, So good news.

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Speaker 3: For the employers and the islands, of course, bad news

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Speaker 3: for a lot of people who are unemployed and don't

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Speaker 3: want to pick fruit. How do we explain this, Well,

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Speaker 3: it's a delicate.

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Speaker 17: Balance, isn't it. And as an immigration minister I always

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Speaker 17: walk that very fine line in between the social development

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Speaker 17: side on one side and making sure we're getting keywis

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Speaker 17: into work, and on the other side, making sure that

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Speaker 17: we're doubling our exports, that we're supporting our our primary

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Speaker 17: sector and we're growing that sector as well. So we

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Speaker 17: think we've found that delicate balance.

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Speaker 3: If I talk to the industry and say an extra

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Speaker 3: twelve fifty, are you happy? Will they say yes, we are.

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Speaker 17: I hope that they would, because we've worked really closely

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Speaker 17: with them to forecast what is required and that was

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Speaker 17: the number that they worked with us on and came

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Speaker 17: to Freemont on.

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Speaker 3: Is this about the number we're going to have forever,

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Speaker 3: no matter what is happening in the economy, no matter

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Speaker 3: how many people are unemployed. We need these people and

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Speaker 3: that's just the way it is.

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Speaker 17: I think the numbers will continue to rise. We do

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Speaker 17: need them, and it is the way that it is

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Speaker 17: it's also a really important relationship that we have with

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Speaker 17: the Pacific, as you know, in terms of aid and

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Speaker 17: upskilling our young men and women from mouth Pacific neighbors.

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Speaker 17: So it's mutually beneficial. But also if we're going to

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Speaker 17: support our horticulture industry and double our exports, then we

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Speaker 17: are going to continue to need them, which is why

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Speaker 17: we've included ten more les day now in the program,

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Speaker 17: and Winston Peters and I will start to look at

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Speaker 17: other countries as well.

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Speaker 3: Do we undersell the actual job in the sense A

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Speaker 3: lot of people text me and say, if you've never

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Speaker 3: done it, which I have as it turns out, but

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Speaker 3: if you've never done it, it's actually a skill.

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Speaker 11: It is.

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Speaker 17: And those people who come back for three or four years,

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Speaker 17: I mean, they are making a lot of money. Their

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Speaker 17: peace rate is very high, you know. And I do

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Speaker 17: look at this sometimes, like I look up North. I

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Speaker 17: went to visit Tohicker up North Ere up North and they,

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Speaker 17: you know, they are planting and picking and growing and

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Speaker 17: they don't use any RC workers And I asked them

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Speaker 17: about that and they said, well, actually we invest in

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Speaker 17: our local people. We have a mental health worker on staff,

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Speaker 17: and we have transport for them, and we have pastoral

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Speaker 17: kit like you would for IRF workers, but we don't

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Speaker 17: belie of our local workers. So there is a part

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Speaker 17: to play those for these employers also to look at

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Speaker 17: local people.

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Speaker 3: From your understanding, is this all been sorted out? Because

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Speaker 3: during COVID it was a transport problem, it was a

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Speaker 3: housing problem. There's a million reasons why we couldn't solve

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Speaker 3: the problem. Has all of that been ticked off now? Generally?

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Speaker 17: Look, I think so. I think there were always going

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Speaker 17: to be regions in New Zealand where it's very difficult

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Speaker 17: to get people to move to short term and you're

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Speaker 17: always going to need to bring in a workforce to

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Speaker 17: meet that need. And it doesn't matter what you do,

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Speaker 17: you are just not going to get New Zealanders to

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Speaker 17: move to those regions for a short period of time.

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Speaker 17: It's very difficult.

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Speaker 3: Okay, while we've got you. We had Grant Webster on

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Speaker 3: yesterday Tourism Holdings and he said these visa changes that

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Speaker 3: even ounced the prices of visa, it's killing. What it's

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Speaker 3: not killing, it's having a material effect on people arriving

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Speaker 3: in the country. Do you accept that or not?

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Speaker 2: Well?

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Speaker 17: I don't. And also MBY and Immigration worked very closely

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Speaker 17: with the sector when we were looking at these changes,

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Speaker 17: and they also looked at the data and evidence from

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Speaker 17: what happened before when we've raised fees. They looked overseas

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Speaker 17: at what's happened and they determined that this wouldn't have

437
00:20:06,640 --> 00:20:09,879
Speaker 17: a material im patch and so we were very careful

438
00:20:09,920 --> 00:20:11,920
Speaker 17: about this. But look, we will continue to make sure

439
00:20:11,960 --> 00:20:14,080
Speaker 17: that we are monitoring it, keeping an eye on it,

440
00:20:14,119 --> 00:20:17,480
Speaker 17: and if it is having these impact, then we will know.

441
00:20:17,560 --> 00:20:19,480
Speaker 17: We'll take another look at it. But I'm confident on

442
00:20:19,520 --> 00:20:20,679
Speaker 17: what I've seen it won't.

443
00:20:20,400 --> 00:20:21,040
Speaker 11: Make a difference.

444
00:20:21,119 --> 00:20:22,840
Speaker 3: And a quick comment on the numbers we got this

445
00:20:23,080 --> 00:20:25,840
Speaker 3: week from migration. They're coming in from India, China, the

446
00:20:25,840 --> 00:20:29,399
Speaker 3: Philippines and Fiji and every young person under forties scarpet.

447
00:20:29,800 --> 00:20:31,120
Speaker 3: Is that good for this country?

448
00:20:32,440 --> 00:20:32,879
Speaker 17: No, it's not.

449
00:20:33,480 --> 00:20:33,840
Speaker 11: You know that.

450
00:20:33,920 --> 00:20:36,600
Speaker 17: I always say that the most important part of the

451
00:20:36,640 --> 00:20:40,160
Speaker 17: immigration portfolio is actually nothing to do with immigration. It's

452
00:20:40,240 --> 00:20:44,359
Speaker 17: everything else. It's health and education and the economy and

453
00:20:44,400 --> 00:20:48,240
Speaker 17: affordable house prices, because those are the things that in

454
00:20:48,320 --> 00:20:51,280
Speaker 17: the economy, those are the things that anchor young kiwis

455
00:20:51,320 --> 00:20:53,360
Speaker 17: here to want to be here when the opportunities are

456
00:20:53,400 --> 00:20:55,920
Speaker 17: here and a lot of times have been tough after

457
00:20:55,960 --> 00:20:58,439
Speaker 17: COVID and got the previous government left us with and

458
00:20:58,520 --> 00:21:00,240
Speaker 17: so we have to tidy that up if we want

459
00:21:00,240 --> 00:21:01,879
Speaker 17: young people to stay here, to believe they've got a

460
00:21:01,920 --> 00:21:03,680
Speaker 17: future here. And I think we're starting to see the

461
00:21:03,720 --> 00:21:05,400
Speaker 17: green shoots of that now after our hard work.

462
00:21:05,520 --> 00:21:07,480
Speaker 3: Good stuff, all right, nice to talk to Eric of Stanford,

463
00:21:07,520 --> 00:21:09,760
Speaker 3: Immigration minister with us this Trenty eighteen minutes away from

464
00:21:09,840 --> 00:21:13,080
Speaker 3: seven OSC. Related to Adrian, but not related was of course,

465
00:21:13,359 --> 00:21:15,520
Speaker 3: what Greg was telling us before about the CBA out

466
00:21:15,560 --> 00:21:18,919
Speaker 3: of Australia, Australia's biggest bank, massive profit AACB, which is

467
00:21:18,960 --> 00:21:21,760
Speaker 3: their new Zealand branch. They came in with a profit

468
00:21:21,840 --> 00:21:23,960
Speaker 3: yesterday as well. The one I always like to look

469
00:21:24,000 --> 00:21:27,040
Speaker 3: at is the net interest margin, once again a question

470
00:21:27,119 --> 00:21:29,760
Speaker 3: I think for Adrian or Their net interest margin in

471
00:21:29,760 --> 00:21:32,879
Speaker 3: Australia's one point nine to nine percent, So everything they

472
00:21:32,880 --> 00:21:34,760
Speaker 3: get in versus what they get out they make one

473
00:21:34,760 --> 00:21:37,600
Speaker 3: point nine nine percent on. That's their profit margin. Here

474
00:21:37,640 --> 00:21:39,560
Speaker 3: it's two point two three percent. When you're dealing with

475
00:21:39,600 --> 00:21:42,480
Speaker 3: tens of billions of dollars, you got to ask the question,

476
00:21:42,520 --> 00:21:44,040
Speaker 3: how come it's two point two three here and one

477
00:21:44,080 --> 00:21:47,639
Speaker 3: point nine to nine on Australia. What's so fantastically special

478
00:21:47,680 --> 00:21:49,840
Speaker 3: about New Zealand that we feel the need to just

479
00:21:50,800 --> 00:21:52,800
Speaker 3: charge a little bit extra, So we'll talk about that

480
00:21:52,880 --> 00:21:54,000
Speaker 3: late at seventeen to two.

481
00:21:54,640 --> 00:21:59,240
Speaker 1: The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered

482
00:21:59,280 --> 00:22:00,680
Speaker 1: by News talks It.

483
00:22:00,760 --> 00:22:03,520
Speaker 3: Mike Erica Stanford for Prime Minister. Mike Erica is an

484
00:22:03,520 --> 00:22:05,719
Speaker 3: outstanding minister, very big future in polic because we get

485
00:22:05,760 --> 00:22:07,400
Speaker 3: a lot of that every time she's on the program. Mike,

486
00:22:07,400 --> 00:22:10,480
Speaker 3: I'm a bit slow. Can you explain why agriculture lending

487
00:22:10,560 --> 00:22:12,920
Speaker 3: rates are higher than any other rate? Michael, it's very simple.

488
00:22:13,000 --> 00:22:16,000
Speaker 3: Risk banks sea farmers as a greater risk than a

489
00:22:16,040 --> 00:22:17,320
Speaker 3: person downtown with a house.

490
00:22:17,440 --> 00:22:22,240
Speaker 1: Fourteen two International Correspondence with Ends an Eye Insurance Peace

491
00:22:22,280 --> 00:22:24,200
Speaker 1: of Mind for New Zealand business.

492
00:22:23,960 --> 00:22:27,080
Speaker 3: On holiday in Italy Joe McKenna, Good morning.

493
00:22:27,080 --> 00:22:29,120
Speaker 15: Oh that's a bit rough.

494
00:22:29,200 --> 00:22:33,840
Speaker 3: I'm here for you, Mike, that's not rough. Where's where's Sabaudi?

495
00:22:34,320 --> 00:22:35,280
Speaker 3: What isn't? What do you do?

496
00:22:36,359 --> 00:22:36,639
Speaker 18: Ah?

497
00:22:36,840 --> 00:22:39,399
Speaker 15: Sabadi is a beautiful sandy beach. Believe it or not,

498
00:22:39,440 --> 00:22:43,080
Speaker 15: they do exist in Italy. It's about ninety minutes south

499
00:22:43,119 --> 00:22:45,040
Speaker 15: of Rome. I'd had enough of the heat and just

500
00:22:45,080 --> 00:22:46,919
Speaker 15: had to get out of there. So it's wonderful to

501
00:22:46,960 --> 00:22:47,440
Speaker 15: be down here.

502
00:22:47,480 --> 00:22:50,800
Speaker 3: Is that where my sister goes every August? It might

503
00:22:50,920 --> 00:22:53,840
Speaker 3: be Are you on holiday with my sister?

504
00:22:55,520 --> 00:22:57,119
Speaker 15: She's actually given me her house.

505
00:22:59,119 --> 00:23:02,400
Speaker 3: Unbelievable. What a small world? Are you enjoying it? Having

506
00:23:02,440 --> 00:23:02,960
Speaker 3: a good time.

507
00:23:03,920 --> 00:23:08,520
Speaker 15: It's absolutely beautiful, great sea breeze, big sandy beach and

508
00:23:08,800 --> 00:23:12,160
Speaker 15: a beautiful town. This town's quite interesting. It was built

509
00:23:12,200 --> 00:23:15,080
Speaker 15: by Mussolini in the nineteen thirties. It's it used to

510
00:23:15,080 --> 00:23:18,160
Speaker 15: be swamp planned and it's been totally redone. It's beautiful

511
00:23:18,240 --> 00:23:20,399
Speaker 15: Art Deco architectures, so I highly recommend it.

512
00:23:20,480 --> 00:23:23,000
Speaker 3: Fantastic. Now let's get to the real business. So Maloney

513
00:23:23,000 --> 00:23:25,119
Speaker 3: and this whole business of Russia, what's happened with the

514
00:23:25,119 --> 00:23:28,000
Speaker 3: war in Ukraine and Crote while encroaching getting back what

515
00:23:28,000 --> 00:23:30,960
Speaker 3: they would argue is their territory. Has that materially changed

516
00:23:31,000 --> 00:23:32,119
Speaker 3: the conversation in Europe?

517
00:23:33,280 --> 00:23:35,680
Speaker 15: Look, I think it is making a change. A lot

518
00:23:35,680 --> 00:23:37,920
Speaker 15: of the leaders, of course, on holiday at the moment.

519
00:23:38,320 --> 00:23:41,440
Speaker 15: Prime Minister Georgia Maloney is in Pulia with her family,

520
00:23:41,880 --> 00:23:44,640
Speaker 15: but she has been making statements saying she's seeking more

521
00:23:44,680 --> 00:23:48,160
Speaker 15: clarity and what's happening. She's adamant that there's no change

522
00:23:48,240 --> 00:23:52,880
Speaker 15: in Italian policy. And incidentally, the Foreign Affairs Minister Antonio

523
00:23:52,880 --> 00:23:56,960
Speaker 15: Otayani said Italy doesn't want to see its weapons being

524
00:23:57,040 --> 00:23:59,560
Speaker 15: used in Russia. Well, let's see what happens.

525
00:23:59,200 --> 00:24:01,760
Speaker 3: There now Portafina, how are they going to get around this?

526
00:24:01,880 --> 00:24:04,159
Speaker 3: So if you outlaw air con units, what do you

527
00:24:04,200 --> 00:24:06,360
Speaker 3: do with them? Because you neede them at forty five degrees.

528
00:24:07,680 --> 00:24:12,000
Speaker 15: Well, the mayor Matteo Viakava of Portafino, which of course

529
00:24:12,080 --> 00:24:14,440
Speaker 15: used to be a fishing village and is now where

530
00:24:14,480 --> 00:24:18,560
Speaker 15: the rich and memis liked to holiday, is clamping down

531
00:24:18,720 --> 00:24:21,520
Speaker 15: on those ugly air conditioning units that hang off the

532
00:24:21,560 --> 00:24:24,879
Speaker 15: side of buildings. Because this is a very sweet, charming

533
00:24:25,000 --> 00:24:29,720
Speaker 15: village with colored painted houses and narrow alleyways. There are

534
00:24:29,800 --> 00:24:32,679
Speaker 15: only about four hundred residents, but they seem to be

535
00:24:32,720 --> 00:24:35,920
Speaker 15: snitching on each other and dubbing them their neighbors into

536
00:24:36,240 --> 00:24:40,400
Speaker 15: the council. Because the police have been arresting or finding

537
00:24:40,440 --> 00:24:44,920
Speaker 15: people around forty since the beginning of the year illegal units,

538
00:24:45,480 --> 00:24:47,840
Speaker 15: and there's no sign of that slowing down.

539
00:24:48,400 --> 00:24:50,480
Speaker 3: Interesting now, Listen, I did see this the other day,

540
00:24:50,520 --> 00:24:52,320
Speaker 3: but the photo they showed in the story wasn't a

541
00:24:52,400 --> 00:24:56,160
Speaker 3: very good one. So it's a castle, it's got a

542
00:24:56,200 --> 00:24:59,280
Speaker 3: fabulous history. They're selling it?

543
00:24:59,320 --> 00:24:59,600
Speaker 18: Is it?

544
00:24:59,600 --> 00:25:01,359
Speaker 3: It looked dump? Is it a dump?

545
00:25:03,359 --> 00:25:06,439
Speaker 15: It's funny you should mention that, because I made some

546
00:25:06,520 --> 00:25:09,199
Speaker 15: inquiries to find out what was inside, and it certainly

547
00:25:09,240 --> 00:25:13,639
Speaker 15: got no furnishings, no frescoes, nothing much to speak of,

548
00:25:13,800 --> 00:25:17,639
Speaker 15: because after it was built in the sixteenth century, it

549
00:25:17,920 --> 00:25:21,000
Speaker 15: was turned into a prison later by the Bourbon Kings

550
00:25:21,520 --> 00:25:25,560
Speaker 15: and has recently been used to store explosives. So there's

551
00:25:25,680 --> 00:25:27,040
Speaker 15: not much on the inside.

552
00:25:27,200 --> 00:25:29,760
Speaker 3: Okay, it's a bit of a reno job. So I'm

553
00:25:29,800 --> 00:25:31,879
Speaker 3: assuming the historians are outraged.

554
00:25:33,359 --> 00:25:36,399
Speaker 15: Yeah, I mean we're talking about the heritage folks like

555
00:25:36,440 --> 00:25:39,639
Speaker 15: the National Trust. They don't want to see their heritage

556
00:25:39,680 --> 00:25:45,800
Speaker 15: being sold off. But this is one of several properties palaces, villas, barracks,

557
00:25:46,040 --> 00:25:50,320
Speaker 15: lighthouses that the military, the Defense Department is going to

558
00:25:50,320 --> 00:25:52,400
Speaker 15: sell off on behalf of the Maloney government and pick

559
00:25:52,440 --> 00:25:53,280
Speaker 15: up some extra cash.

560
00:25:53,320 --> 00:25:55,280
Speaker 3: Okay, who would buy them? I mean somebody who wants

561
00:25:55,320 --> 00:25:57,760
Speaker 3: to renovate or somebody who wants to pop it away.

562
00:25:57,840 --> 00:25:59,560
Speaker 3: Or open it as a tourist attraction or what.

563
00:26:00,160 --> 00:26:03,240
Speaker 15: Well, yeah, this castle is in a category that would

564
00:26:03,240 --> 00:26:07,280
Speaker 15: be designated for tourism and hospitality. It's a fifty year lease,

565
00:26:09,200 --> 00:26:12,680
Speaker 15: so there would be some potential there. But it's such

566
00:26:12,680 --> 00:26:14,280
Speaker 15: a pity that it can't be turned over to the

567
00:26:14,320 --> 00:26:16,880
Speaker 15: state and become some sort of real tourist attraction.

568
00:26:17,080 --> 00:26:19,439
Speaker 3: OK, fantastic, Joe, You go well, and we'll catch up

569
00:26:19,480 --> 00:26:22,520
Speaker 3: next week for John mc kenna and on holiday in

570
00:26:22,560 --> 00:26:27,080
Speaker 3: Italy at my sister's house. I must explain that when

571
00:26:27,160 --> 00:26:29,119
Speaker 3: we got Joe on the program, which is years and

572
00:26:29,160 --> 00:26:32,480
Speaker 3: years ago, I had no clue she knew my sister

573
00:26:32,920 --> 00:26:35,520
Speaker 3: at all. And so that was so you're thinking, oh,

574
00:26:35,560 --> 00:26:38,119
Speaker 3: what a nepotistic little operator. I am, so I'm hiring

575
00:26:38,119 --> 00:26:40,680
Speaker 3: my sister's friends. I had no clue she even knew

576
00:26:40,760 --> 00:26:42,359
Speaker 3: my sister. Finally, she was going to end up in

577
00:26:42,440 --> 00:26:44,720
Speaker 3: my sister's house. In fact, I'm not one hundred percent

578
00:26:44,760 --> 00:26:46,920
Speaker 3: sure I knew that my sister had a house at

579
00:26:46,960 --> 00:26:49,280
Speaker 3: the beach in Italy anyway, but she has been going

580
00:26:49,320 --> 00:26:51,720
Speaker 3: there for years and years and years. Anyway, to the poll,

581
00:26:51,800 --> 00:26:53,240
Speaker 3: you want a poll, I got a poll. Are you

582
00:26:53,280 --> 00:26:58,400
Speaker 3: excited as the Americans, are you excited about the party's candidate?

583
00:26:59,359 --> 00:27:02,399
Speaker 3: As of the small fifty seven percent of Republicans are

584
00:27:02,400 --> 00:27:05,719
Speaker 3: excited about Donald sixty three percent are excited about Karmela.

585
00:27:06,000 --> 00:27:10,159
Speaker 3: Have things changed, my word? Have they enthusiastic? Are you

586
00:27:10,320 --> 00:27:14,600
Speaker 3: enthusiastic about a Trump Harris race? Democrats have gone in

587
00:27:14,720 --> 00:27:17,640
Speaker 3: June when it wasn't a Trump Harris race. Of course

588
00:27:17,680 --> 00:27:20,240
Speaker 3: it was Trump Biden race. Democrats in June were forty

589
00:27:20,280 --> 00:27:22,720
Speaker 3: six percent. Forty six percent of Democrats were enthused about

590
00:27:22,720 --> 00:27:26,600
Speaker 3: the race. Today it's eighty five percent, forty six to

591
00:27:26,640 --> 00:27:29,399
Speaker 3: eighty five. The Republicans in June it was seventy one percent.

592
00:27:29,600 --> 00:27:34,359
Speaker 3: Today it's seventy one percent. And then there lies your problem.

593
00:27:34,560 --> 00:27:36,080
Speaker 3: Nine minutes away from seven.

594
00:27:37,600 --> 00:27:41,920
Speaker 1: The mic costing breakfast with a Vita retirement Communities news

595
00:27:41,960 --> 00:27:42,720
Speaker 1: dogs had been to.

596
00:27:42,880 --> 00:27:45,320
Speaker 3: Be the way of the future. There who apparently is

597
00:27:45,359 --> 00:27:48,560
Speaker 3: the most unreliable airline in Europe which could be driving

598
00:27:48,600 --> 00:27:52,280
Speaker 3: part of this, are offering unlimited flights for five hundred

599
00:27:52,280 --> 00:27:54,959
Speaker 3: euros introductory offer. We'll go to six hundred yuros. It's

600
00:27:54,960 --> 00:27:57,680
Speaker 3: about a grand one thousand New Zealand dollars. Would you

601
00:27:57,720 --> 00:28:01,680
Speaker 3: pay one thousand dollars a year, limited flights. They fly

602
00:28:01,760 --> 00:28:06,440
Speaker 3: to places you know Athens, Madrid, Parishing, fly all around Europe.

603
00:28:06,600 --> 00:28:09,600
Speaker 3: You can book up to three days before your departure.

604
00:28:10,520 --> 00:28:12,400
Speaker 3: You may or may not make it, depending on how

605
00:28:12,480 --> 00:28:15,240
Speaker 3: reliable or unreliable they are. But I think that everything's

606
00:28:15,280 --> 00:28:17,359
Speaker 3: going subscription these days, and it looks like airlines are

607
00:28:17,359 --> 00:28:19,639
Speaker 3: going down the same track five minutes away from seven.

608
00:28:20,400 --> 00:28:23,640
Speaker 2: All the ins and the outs. It's the fizz.

609
00:28:23,600 --> 00:28:27,359
Speaker 1: With business favor take your business productivity to the next level.

610
00:28:27,400 --> 00:28:29,800
Speaker 3: There's funny where Joe in a moment Ago because she's

611
00:28:29,800 --> 00:28:32,480
Speaker 3: doing exactly what Robert Half have discovered, working but not

612
00:28:32,560 --> 00:28:36,280
Speaker 3: really working. Quiet vacationing is what they're calling it. This

613
00:28:36,520 --> 00:28:38,160
Speaker 3: is a trend. So they've done a little bit of

614
00:28:38,320 --> 00:28:40,239
Speaker 3: research on this. It found if you could do your

615
00:28:40,320 --> 00:28:43,680
Speaker 3: job from a holiday destination and your boss didn't know,

616
00:28:44,240 --> 00:28:46,200
Speaker 3: would we And the answer are for many as yes,

617
00:28:47,120 --> 00:28:50,520
Speaker 3: workers take flexibility of not needing to be in the workplace.

618
00:28:50,680 --> 00:28:52,800
Speaker 3: Maybe just a little bit too far. Eleven percent of us,

619
00:28:52,840 --> 00:28:56,600
Speaker 3: which isn't many have already worked from a holiday destination

620
00:28:56,680 --> 00:28:59,640
Speaker 3: this year. Another thirty four percent say they're considering it,

621
00:29:00,040 --> 00:29:02,640
Speaker 3: So that's forty five percent, but thirty four thinking is

622
00:29:02,680 --> 00:29:06,160
Speaker 3: not doing. Thinking isn't doing. It's almost like saying you're

623
00:29:06,160 --> 00:29:08,080
Speaker 3: not going to cut an interest rate, but then you do.

624
00:29:09,760 --> 00:29:12,960
Speaker 3: The other fifty five percent haven't done it, think it's

625
00:29:13,000 --> 00:29:14,840
Speaker 3: a step too fast. So that's still the majority. So

626
00:29:14,880 --> 00:29:17,360
Speaker 3: there's some hope for us. Yet, two main reasons people

627
00:29:17,400 --> 00:29:19,400
Speaker 3: go on this quiet vacation. Fifty eight percent say they're

628
00:29:19,400 --> 00:29:22,040
Speaker 3: making the most of their flexible working conditions. Forty one

629
00:29:22,080 --> 00:29:24,040
Speaker 3: percent say it saves money. Well, of course it does,

630
00:29:24,480 --> 00:29:26,720
Speaker 3: thirty four percent because you're working and on holiday. Thirty

631
00:29:26,720 --> 00:29:30,400
Speaker 3: four percent says working while on a holiday boost their productivity.

632
00:29:30,440 --> 00:29:33,280
Speaker 3: What crap. Twenty one percent say they do it because

633
00:29:33,320 --> 00:29:36,120
Speaker 3: they fear their boss wouldn't approve their leap. More crap.

634
00:29:36,400 --> 00:29:37,800
Speaker 3: A lot of us think will get away with it.

635
00:29:37,840 --> 00:29:40,400
Speaker 3: To thirty three percent think their boss would do nothing

636
00:29:40,480 --> 00:29:44,000
Speaker 3: if they found out, as long as the work was done.

637
00:29:44,360 --> 00:29:47,640
Speaker 3: Guess who does it most, Yes, that's right, millennials. Fifty

638
00:29:47,680 --> 00:29:49,760
Speaker 3: six percent of millennials very few boom.

639
00:29:49,800 --> 00:29:51,280
Speaker 2: As you know the old story.

640
00:29:51,240 --> 00:29:55,560
Speaker 3: Right interest rates. KIWI Bank led the charge, saying enough

641
00:29:55,680 --> 00:29:58,560
Speaker 3: is enough, we need to do something about this. Steve

642
00:29:58,640 --> 00:30:02,400
Speaker 3: Yeukovic from KI Bankers, Will and Adrian or after seven thirty.

643
00:30:03,000 --> 00:30:07,160
Speaker 1: You're Trusted Home the News for entertainment Opinion and Mike

644
00:30:07,400 --> 00:30:11,400
Speaker 1: the Mike asking breakfast with the range rover villa designed

645
00:30:11,600 --> 00:30:13,800
Speaker 1: to intrigue and use togs'd be morning.

646
00:30:13,840 --> 00:30:16,840
Speaker 3: Seven past seven, Adrien ordered his best no surprises here routine.

647
00:30:16,880 --> 00:30:19,040
Speaker 3: Yesterday is one, he did the right thing by cutting

648
00:30:19,040 --> 00:30:22,000
Speaker 3: the ocr but two gave no indication previously that yesterday

649
00:30:22,040 --> 00:30:23,760
Speaker 3: was anything close to being the day he was actually

650
00:30:23,760 --> 00:30:25,800
Speaker 3: going to do it. Meantime, most of the retail banks

651
00:30:25,800 --> 00:30:28,040
Speaker 3: were screaming for him to pull the trigger. So twenty

652
00:30:28,040 --> 00:30:30,000
Speaker 3: five points it was. In the end, QUI Banks chief

653
00:30:30,000 --> 00:30:32,320
Speaker 3: executive Steve Yukovich back with us. Steve, very good morning

654
00:30:32,320 --> 00:30:35,640
Speaker 3: to you. So you and Jared have led the way

655
00:30:35,680 --> 00:30:38,040
Speaker 3: on this. Do you feel justified or vindicated?

656
00:30:39,240 --> 00:30:39,400
Speaker 19: Oh?

657
00:30:39,400 --> 00:30:41,239
Speaker 14: Look, I just I think so in a sense, but

658
00:30:41,440 --> 00:30:44,000
Speaker 14: also probably much more importantly, I'm just a big fanner

659
00:30:44,080 --> 00:30:46,320
Speaker 14: than the mean time that can create around being a

660
00:30:46,360 --> 00:30:48,800
Speaker 14: bit more positive about the outlook, and I think the

661
00:30:48,840 --> 00:30:52,040
Speaker 14: most important things what's to come now, And so our

662
00:30:52,080 --> 00:30:55,280
Speaker 14: team are pretty convinced that we're in for a very

663
00:30:55,280 --> 00:30:58,920
Speaker 14: extended period of cuts. Mike, So cutting from now till

664
00:30:59,000 --> 00:31:02,280
Speaker 14: June twenty seven. So twelve to twenty five point cuts

665
00:31:02,320 --> 00:31:05,560
Speaker 14: in a row is what the international and wholesale markets

666
00:31:05,560 --> 00:31:10,040
Speaker 14: are saying. So thankfully twenty four will be behind us

667
00:31:10,080 --> 00:31:11,280
Speaker 14: and twenty five will be better.

668
00:31:11,520 --> 00:31:14,000
Speaker 3: Right, So we got there in the end, But what

669
00:31:14,120 --> 00:31:16,480
Speaker 3: about the trust equation with the Reserve Bank? If you

670
00:31:16,520 --> 00:31:18,440
Speaker 3: have no idea what they're doing.

671
00:31:19,600 --> 00:31:21,960
Speaker 14: It's certainly a one eighty degree from may I think

672
00:31:22,000 --> 00:31:25,280
Speaker 14: everyone would argue that's the case. I think they argue

673
00:31:25,280 --> 00:31:27,720
Speaker 14: that they're sort of the data that they get more regularly,

674
00:31:27,880 --> 00:31:30,960
Speaker 14: like card data and what's being spent in hospitality and

675
00:31:31,040 --> 00:31:33,959
Speaker 14: things sort of force their hand a little bit. I

676
00:31:33,960 --> 00:31:36,240
Speaker 14: guess my perspective is that information has been around for

677
00:31:36,240 --> 00:31:38,640
Speaker 14: a long time. I've heard you talk about.

678
00:31:38,400 --> 00:31:38,960
Speaker 20: It on the show.

679
00:31:39,000 --> 00:31:40,360
Speaker 14: You know, you only need to go out for dinner.

680
00:31:40,800 --> 00:31:42,960
Speaker 14: We'll have a lock around as far as people spending,

681
00:31:43,080 --> 00:31:45,960
Speaker 14: so what they called high frequency data, I think it

682
00:31:46,000 --> 00:31:49,160
Speaker 14: had been around for a while. But the important thing is,

683
00:31:49,440 --> 00:31:51,360
Speaker 14: I mean, they've got to be sure and they've recognized

684
00:31:51,360 --> 00:31:54,360
Speaker 14: that they needed to change. So while it's a one eighty,

685
00:31:54,400 --> 00:31:55,440
Speaker 14: it's still the right decision.

686
00:31:55,800 --> 00:31:58,840
Speaker 3: Is he looking through anything? Because the non tradable inflation

687
00:31:59,040 --> 00:32:01,600
Speaker 3: isn't within the band, probably won't be within the band.

688
00:32:02,000 --> 00:32:03,520
Speaker 3: Is that potentially trouble or not?

689
00:32:04,560 --> 00:32:06,680
Speaker 14: Yeah, I think it's a very good point because some

690
00:32:06,720 --> 00:32:08,560
Speaker 14: of the things that are really stubborn, like you know,

691
00:32:08,680 --> 00:32:12,360
Speaker 14: rates you're seeing councils, steel jack up rates, utilities and

692
00:32:12,440 --> 00:32:15,560
Speaker 14: insurance are still very high. You know. My argument would

693
00:32:15,560 --> 00:32:19,240
Speaker 14: be that sort of provides maybe two percent of the inflation,

694
00:32:19,720 --> 00:32:22,000
Speaker 14: So that stuff is very very stubborn and not going

695
00:32:22,080 --> 00:32:25,200
Speaker 14: to move. I think it's everything else that's creating the

696
00:32:25,280 --> 00:32:27,600
Speaker 14: sort of downward pressure that is buying in or well,

697
00:32:27,600 --> 00:32:30,160
Speaker 14: I should say that the committee is buying into, of course,

698
00:32:30,200 --> 00:32:31,560
Speaker 14: because it's not just Adrian No.

699
00:32:31,680 --> 00:32:34,040
Speaker 3: Exactly your sense of whether we get carried away with

700
00:32:34,080 --> 00:32:36,200
Speaker 3: this's not just the twenty five points, but as you say,

701
00:32:36,240 --> 00:32:38,320
Speaker 3: all the cuts still to come, and we go, here

702
00:32:38,360 --> 00:32:40,760
Speaker 3: we go, let's buy some houses. Is that a concern?

703
00:32:42,000 --> 00:32:44,600
Speaker 14: I don't think so, because a lot of the capacity

704
00:32:44,640 --> 00:32:47,160
Speaker 14: that people had to get excited about and rush out

705
00:32:47,160 --> 00:32:50,680
Speaker 14: and do things is often driven off the New Zealand,

706
00:32:50,680 --> 00:32:53,880
Speaker 14: in particular, off the perceived increase in value of their

707
00:32:53,880 --> 00:32:56,800
Speaker 14: house even though they hadn't sold it. So I think

708
00:32:56,840 --> 00:32:59,120
Speaker 14: that return in the property market's still going to be

709
00:32:59,120 --> 00:33:01,600
Speaker 14: pretty moderate. So I don't think there's going a whole

710
00:33:01,640 --> 00:33:03,560
Speaker 14: lot of people going out and gearing up their house

711
00:33:03,640 --> 00:33:06,720
Speaker 14: to buy new cars and new tellies and things. I

712
00:33:06,760 --> 00:33:09,520
Speaker 14: think people have used up a lot of that capacity

713
00:33:09,880 --> 00:33:11,760
Speaker 14: over the last couple of years, and so I think

714
00:33:12,040 --> 00:33:15,800
Speaker 14: people's response is going to be reasonably moderate, but it

715
00:33:15,960 --> 00:33:17,840
Speaker 14: certainly should be more confident than it was.

716
00:33:18,200 --> 00:33:20,240
Speaker 3: Right having on the programs always Steve Yukovic, who is

717
00:33:20,280 --> 00:33:23,680
Speaker 3: the key we Bank CEO ten minutes past seven task right,

718
00:33:23,720 --> 00:33:25,920
Speaker 3: there's something fundamentally wrong at New Zealand Health or Health

719
00:33:25,920 --> 00:33:27,760
Speaker 3: in New Zealand. We seem to have a standoff, if

720
00:33:27,800 --> 00:33:30,240
Speaker 3: not a scrap, between the new commissioner and the management

721
00:33:30,240 --> 00:33:33,200
Speaker 3: over staff numbers in frontline hiring. So during internal briefing

722
00:33:33,200 --> 00:33:36,320
Speaker 3: this week, senior leadership, we're telling staff of a proposal

723
00:33:36,320 --> 00:33:38,760
Speaker 3: to cut four hundred and seventy specialists and nearly fifteen

724
00:33:38,840 --> 00:33:41,680
Speaker 3: hundred nurses. So how is that possible when the promises

725
00:33:42,400 --> 00:33:45,040
Speaker 3: is there's no frontline cuts. Lester Levy is with us

726
00:33:45,040 --> 00:33:48,520
Speaker 3: on this one. Very good morning to you, Good morning way.

727
00:33:48,640 --> 00:33:50,680
Speaker 3: So in one of your texts quote there will be

728
00:33:50,760 --> 00:33:54,840
Speaker 3: consequences no explanation can satisfy me. How could somebody even

729
00:33:54,840 --> 00:33:57,120
Speaker 3: make a slide like that. We're trying to do the opposite,

730
00:33:57,160 --> 00:33:59,720
Speaker 3: We're trying to strengthen the front line. I can't even

731
00:33:59,720 --> 00:34:02,800
Speaker 3: explain it to you. I mean, this is just so bizarre.

732
00:34:03,520 --> 00:34:05,360
Speaker 3: So apart from that, thing's going well.

733
00:34:07,240 --> 00:34:07,440
Speaker 4: Well.

734
00:34:07,440 --> 00:34:11,759
Speaker 11: As you know, my health, New Zealand is in crisis

735
00:34:11,840 --> 00:34:14,520
Speaker 11: and there's a number of difficulties and one of the

736
00:34:14,600 --> 00:34:18,200
Speaker 11: issues is we need to get back to budget and

737
00:34:18,239 --> 00:34:20,279
Speaker 11: in doing so we need to be more disciplined than

738
00:34:20,320 --> 00:34:22,960
Speaker 11: our spending. But I was very clear from the outset

739
00:34:23,640 --> 00:34:27,759
Speaker 11: that the clinical frontline is immune, will not be reduced

740
00:34:27,920 --> 00:34:30,719
Speaker 11: or cut in fact as to get our finances and

741
00:34:30,840 --> 00:34:34,680
Speaker 11: better shape on his strengthen our frontline. So yeah, I

742
00:34:34,760 --> 00:34:36,440
Speaker 11: found this totally unacceptable.

743
00:34:36,640 --> 00:34:40,120
Speaker 3: How does it happen given you know, I know anyone

744
00:34:40,120 --> 00:34:43,120
Speaker 3: who listens to this program knows the politicians know there

745
00:34:43,200 --> 00:34:45,040
Speaker 3: is no cutting to the front line, and yet they

746
00:34:45,280 --> 00:34:49,680
Speaker 3: busy themselves putting frontline at risk. Why do they do it?

747
00:34:51,280 --> 00:34:53,640
Speaker 11: Well, I mean, the front line wouldn't be at risk

748
00:34:53,680 --> 00:34:56,799
Speaker 11: as this never happened, because everything would have to come

749
00:34:56,880 --> 00:35:00,400
Speaker 11: through mis commissioner. But it would really worry, say, is

750
00:35:00,440 --> 00:35:03,360
Speaker 11: that somebody would even think about this, would actually develop

751
00:35:03,440 --> 00:35:07,000
Speaker 11: a slide, would actually show it in a meeting, and

752
00:35:07,040 --> 00:35:10,400
Speaker 11: that people wouldn't shut that down immediately. As soon as

753
00:35:10,480 --> 00:35:12,560
Speaker 11: I heard about it, because I've got a text from

754
00:35:12,560 --> 00:35:18,160
Speaker 11: a senior doctor, I immediately contacted the deaf executive and

755
00:35:18,320 --> 00:35:21,200
Speaker 11: until they shut it down. She delegated that to a

756
00:35:21,239 --> 00:35:24,840
Speaker 11: senior manager. We sent out a message to the people

757
00:35:24,840 --> 00:35:28,400
Speaker 11: who were in that meeting that I regarded as not

758
00:35:28,560 --> 00:35:32,600
Speaker 11: definitive enough, but that's for myself and my fellow deputy

759
00:35:32,680 --> 00:35:37,640
Speaker 11: commissioners sent the all staff email out clarifying a position

760
00:35:37,960 --> 00:35:42,480
Speaker 11: very definitively, this is unacceptable, never going to happen. But

761
00:35:43,080 --> 00:35:46,040
Speaker 11: the fact that it did happen is of deep concern.

762
00:35:46,480 --> 00:35:49,040
Speaker 11: The fact that somebody even thought about it and when

763
00:35:49,080 --> 00:35:52,040
Speaker 11: it was raised, it wasn't shut down. It's a deep

764
00:35:52,080 --> 00:35:52,799
Speaker 11: concerned to me.

765
00:35:53,160 --> 00:35:54,719
Speaker 3: Why is Magiapa Stilen work.

766
00:35:56,960 --> 00:35:58,879
Speaker 11: Well, I'll get asked this question a lot, but look,

767
00:35:58,880 --> 00:36:00,839
Speaker 11: when the crisis at the moment and we got all

768
00:36:00,880 --> 00:36:04,279
Speaker 11: hands to the pump, change is already been made in

769
00:36:04,360 --> 00:36:07,840
Speaker 11: the executive leadership team, and at the moment she is

770
00:36:07,960 --> 00:36:10,840
Speaker 11: doing what you're asking how to do. She could have

771
00:36:10,960 --> 00:36:13,080
Speaker 11: and should have shut this down her now I have

772
00:36:13,120 --> 00:36:18,560
Speaker 11: a very transparent working relationship. It's unacceptable. It can't happen again,

773
00:36:19,680 --> 00:36:22,600
Speaker 11: but you do need to move forward. I guess, like

774
00:36:22,920 --> 00:36:27,240
Speaker 11: the realistic things, if everybody who made a mistake was fired,

775
00:36:27,280 --> 00:36:28,399
Speaker 11: there'd be nobody.

776
00:36:28,160 --> 00:36:29,799
Speaker 3: Left well, especially health.

777
00:36:30,400 --> 00:36:33,360
Speaker 11: It's a serious situation and it cannot happen again.

778
00:36:33,480 --> 00:36:35,600
Speaker 3: I just you haven't explained. I'm not I'm not attacking

779
00:36:35,680 --> 00:36:37,400
Speaker 3: you because I'm defending you because you've got a hell

780
00:36:37,440 --> 00:36:39,240
Speaker 3: of a job in front of you. But is this deliberate?

781
00:36:39,480 --> 00:36:41,799
Speaker 3: I mean, you can't not know that the front line

782
00:36:41,840 --> 00:36:44,280
Speaker 3: is safe. It's as clear as day, and you're presenting

783
00:36:44,320 --> 00:36:47,000
Speaker 3: an option to cut the front line. Is it deliberate?

784
00:36:47,080 --> 00:36:48,360
Speaker 3: Is it treasonous?

785
00:36:50,000 --> 00:36:51,680
Speaker 11: Well, I think, to be fair to her, she was

786
00:36:51,719 --> 00:36:55,600
Speaker 11: also taken by surprise. But the reality is yes, it

787
00:36:55,680 --> 00:37:00,880
Speaker 11: is either resistance, reluctance, or sabotage. And it's a big

788
00:37:01,040 --> 00:37:05,000
Speaker 11: organization and people will behave in different ways. We are

789
00:37:05,040 --> 00:37:09,160
Speaker 11: looking to get alignment, but moving forward. This behavior is

790
00:37:09,280 --> 00:37:12,600
Speaker 11: just totally unacceptable at all levels. I've had a very

791
00:37:12,600 --> 00:37:16,080
Speaker 11: straight conversation with her. She needs to sort out the

792
00:37:16,160 --> 00:37:20,520
Speaker 11: consequences because she is the employer and she will need

793
00:37:20,560 --> 00:37:20,960
Speaker 11: to do that.

794
00:37:21,400 --> 00:37:23,719
Speaker 3: Good on you appreciate your time and don't envy your work.

795
00:37:23,840 --> 00:37:27,280
Speaker 3: Lester Levy, the Health New Zealand Commissioner. It is fourteen

796
00:37:27,320 --> 00:37:28,200
Speaker 3: minutes past seven.

797
00:37:28,840 --> 00:37:29,640
Speaker 2: Husking Mike.

798
00:37:30,000 --> 00:37:32,279
Speaker 3: Agree to have higher rates because the RB makes banks

799
00:37:32,280 --> 00:37:34,880
Speaker 3: hold more capital for every dollar lent to rule, hence

800
00:37:34,920 --> 00:37:36,840
Speaker 3: more expensive for banks. Introduced at the start of the

801
00:37:36,880 --> 00:37:39,879
Speaker 3: labor government. Ask Adrian why what is so special about

802
00:37:39,960 --> 00:37:42,399
Speaker 3: rural ending will I answered that before. The answer is risk.

803
00:37:42,480 --> 00:37:45,200
Speaker 3: Adrian sees it as risk. That's why he asks banks

804
00:37:45,239 --> 00:37:47,920
Speaker 3: to hold more money. Mike, you're totally wrong about farmers

805
00:37:47,920 --> 00:37:50,880
Speaker 3: paying higher interest because of higher risk. Historically, farmers have

806
00:37:50,920 --> 00:37:54,279
Speaker 3: been the safest investment, with far better security margins. Get

807
00:37:54,280 --> 00:37:57,040
Speaker 3: your facts right, Well, my facts, don't shoot the messenger.

808
00:37:57,080 --> 00:37:59,680
Speaker 3: My facts are right. I don't necessarily agree with them.

809
00:37:59,680 --> 00:38:03,040
Speaker 3: But the reason you pay more is because of perceived risk.

810
00:38:03,480 --> 00:38:06,360
Speaker 3: The RB thinks it's risky. He instructs the banks to

811
00:38:06,400 --> 00:38:09,320
Speaker 3: hold more money against agricultural land because they perceive it

812
00:38:09,360 --> 00:38:11,560
Speaker 3: as risky. That's how you might not agree with it,

813
00:38:11,880 --> 00:38:14,200
Speaker 3: but that's how it works. Fifteen past seven.

814
00:38:15,640 --> 00:38:20,080
Speaker 1: The Mike asking Breakfast Full Show podcast on iHeartRadio powered

815
00:38:20,080 --> 00:38:20,760
Speaker 1: by News.

816
00:38:20,520 --> 00:38:22,400
Speaker 3: Talks A B for US polling for you in a

817
00:38:22,440 --> 00:38:25,040
Speaker 3: moment seventeen past seven new insight also into our EV

818
00:38:25,160 --> 00:38:28,480
Speaker 3: market and demand for electric transport. These are figures from

819
00:38:28,520 --> 00:38:31,359
Speaker 3: B and I Research. Total decline in sales here will

820
00:38:31,400 --> 00:38:34,120
Speaker 3: be two thirds. That's nearly eleven thousand cars not sold.

821
00:38:34,200 --> 00:38:37,120
Speaker 3: Auckland City Electric Vehicles Director Greg Larson's with us on

822
00:38:37,160 --> 00:38:40,319
Speaker 3: this Greg Morning. To you, Mike, how are you very well?

823
00:38:40,320 --> 00:38:43,680
Speaker 3: Indeed the EV market versus the general car market? Can

824
00:38:43,719 --> 00:38:46,160
Speaker 3: we differentiate at the moment between the two given the

825
00:38:46,160 --> 00:38:47,520
Speaker 3: economic circumstances or not?

826
00:38:48,880 --> 00:38:51,840
Speaker 21: Well, not really. I think some of the statistics that

827
00:38:51,920 --> 00:38:58,640
Speaker 21: were shown in that article really takes in EV's reduction

828
00:38:58,960 --> 00:39:01,360
Speaker 21: and I as reduction together.

829
00:39:01,400 --> 00:39:03,960
Speaker 3: Really, one thing that worries me, does it worry you?

830
00:39:04,080 --> 00:39:07,240
Speaker 3: Is too much reportage is lumping hybrids with bebs together.

831
00:39:07,600 --> 00:39:09,520
Speaker 3: They're not the same thing, and I'm not sure people

832
00:39:09,600 --> 00:39:10,799
Speaker 3: understand they're not the same thing.

833
00:39:11,760 --> 00:39:13,759
Speaker 21: Yeah, you're quite right, So they aren't the same thing.

834
00:39:13,920 --> 00:39:17,600
Speaker 21: And the government have done their calculations on how to

835
00:39:17,600 --> 00:39:20,360
Speaker 21: put road user charges against those two vehicles. And I

836
00:39:20,360 --> 00:39:22,960
Speaker 21: think even bad admit that I've got the cacase wrong.

837
00:39:23,160 --> 00:39:25,160
Speaker 3: No, is that going to change next year? In other words,

838
00:39:25,200 --> 00:39:27,760
Speaker 3: of people are going to sort of be up to speed,

839
00:39:28,080 --> 00:39:30,800
Speaker 3: they'll get the ruck story, they'll understand what's right, what's

840
00:39:30,880 --> 00:39:33,280
Speaker 3: good for them, bad that, whatever, and it'll sort itself

841
00:39:33,280 --> 00:39:33,920
Speaker 3: out in the end.

842
00:39:35,320 --> 00:39:35,879
Speaker 20: Well, I hope.

843
00:39:35,920 --> 00:39:38,759
Speaker 21: So there'll be road user chases on ice cars next year.

844
00:39:38,800 --> 00:39:42,200
Speaker 21: That's what the indications are. But I think the lack

845
00:39:42,239 --> 00:39:44,800
Speaker 21: of education in the market is probably what's really confused

846
00:39:45,480 --> 00:39:46,279
Speaker 21: buyers at the moment.

847
00:39:46,640 --> 00:39:49,840
Speaker 3: Do you worry as an EV seller the international problem

848
00:39:49,840 --> 00:39:53,600
Speaker 3: at the moment, which is virtually every manufacturer going whoops,

849
00:39:54,080 --> 00:39:55,919
Speaker 3: let's pull back a little bit. In other words, it's

850
00:39:55,920 --> 00:39:58,000
Speaker 3: not quite the avalanche we thought it was going to be.

851
00:39:59,040 --> 00:40:01,279
Speaker 21: Yeah, that's a really good question. I think you've had

852
00:40:01,320 --> 00:40:06,000
Speaker 21: somebody on your show a few months ago from Ford,

853
00:40:06,320 --> 00:40:09,000
Speaker 21: a key with it's working in marketing. I think now

854
00:40:09,800 --> 00:40:14,600
Speaker 21: her thoughts were really valid and effectors. Every manufacturer is

855
00:40:14,640 --> 00:40:17,400
Speaker 21: going down the EV track. I just think we're probably

856
00:40:17,400 --> 00:40:18,240
Speaker 21: gone too.

857
00:40:18,080 --> 00:40:22,840
Speaker 3: Fast, insane and will be and I will.

858
00:40:22,719 --> 00:40:25,360
Speaker 21: Definitely get there. Manufacturers are hitting us in that direction.

859
00:40:25,480 --> 00:40:27,839
Speaker 21: We have no choice of really what vehicles were going

860
00:40:27,880 --> 00:40:29,720
Speaker 21: to be supplied in three or four years time.

861
00:40:29,760 --> 00:40:31,839
Speaker 3: No exactly, Greg Nice and Sight I appreciated it as

862
00:40:31,840 --> 00:40:34,720
Speaker 3: always Greg Larson, who's the Auckland City Electric Vehicles Director.

863
00:40:35,000 --> 00:40:36,759
Speaker 3: Let's come back and talk about a little bit of

864
00:40:37,000 --> 00:40:39,959
Speaker 3: policy or theory or ideology that hasn't been covered nearly

865
00:40:40,080 --> 00:40:43,480
Speaker 3: enough in this country this past week or so, despite

866
00:40:43,480 --> 00:40:46,520
Speaker 3: the announcement on welfare reform. More shortly seven twenty.

867
00:40:48,280 --> 00:40:53,080
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio powered

868
00:40:53,160 --> 00:40:54,160
Speaker 1: by News Talk Zippy.

869
00:40:55,360 --> 00:40:57,680
Speaker 3: Now the key we dream. Many would agree owning your

870
00:40:57,680 --> 00:40:59,480
Speaker 3: home as a big part of that. Of course, Nesbius

871
00:40:59,520 --> 00:41:01,239
Speaker 3: bankub and Hell and Keyiwis achieved the dream for one

872
00:41:01,320 --> 00:41:04,600
Speaker 3: hundred and fifty five glorious years. SBS is so good

873
00:41:04,600 --> 00:41:07,399
Speaker 3: at it they've been judged Canstar's best bank for first

874
00:41:07,400 --> 00:41:10,520
Speaker 3: home buyers twenty twenty two, twenty twenty three and now

875
00:41:10,560 --> 00:41:13,000
Speaker 3: twenty twenty four. Eh So, looking to buy your first

876
00:41:13,000 --> 00:41:14,680
Speaker 3: time or maybe you got first home buyers in your life,

877
00:41:14,680 --> 00:41:16,680
Speaker 3: whether it's you know, the kids of the grandkids, SBS

878
00:41:16,719 --> 00:41:18,719
Speaker 3: bank should be your first port of court because what

879
00:41:18,800 --> 00:41:21,480
Speaker 3: makes them so good is their product. It's called SBS

880
00:41:21,719 --> 00:41:24,719
Speaker 3: First Home Combo. Got a lot of cool inclusions. You

881
00:41:24,800 --> 00:41:28,000
Speaker 3: got heavily discounted interest rate cash back offer, got a

882
00:41:28,000 --> 00:41:30,759
Speaker 3: contribution towards the SBS insurance home policies. You got money

883
00:41:30,760 --> 00:41:33,480
Speaker 3: back into a life saver role life Stage's Kiwisaber. You

884
00:41:33,600 --> 00:41:36,640
Speaker 3: got twelve months free Pulse Broadband, a lot of savings

885
00:41:36,640 --> 00:41:38,880
Speaker 3: for first home buyers. So of course first time lending

886
00:41:39,400 --> 00:41:42,400
Speaker 3: and eligibility criteria applies. And for all you need to

887
00:41:42,440 --> 00:41:45,279
Speaker 3: know SBS Bank's terms, fees, conditions, et cetera, et cetera.

888
00:41:45,320 --> 00:41:48,000
Speaker 3: Go to the website so ready to follow those awards

889
00:41:48,080 --> 00:41:52,719
Speaker 3: to a great home loan search SBS Bank. It is

890
00:41:52,800 --> 00:41:56,400
Speaker 3: the bank with heart ski Quido seven twenty four. So,

891
00:41:56,440 --> 00:41:59,120
Speaker 3: in a lesson in imaging and perception, here's how the

892
00:41:59,160 --> 00:42:01,480
Speaker 3: same policy can play differently depending on where you are

893
00:42:01,480 --> 00:42:04,200
Speaker 3: in the world. ACT, it is reported here are looking

894
00:42:04,200 --> 00:42:06,399
Speaker 3: to try and push their idea of not paying more

895
00:42:06,440 --> 00:42:09,520
Speaker 3: benefit money if you have more kids while on the benefit.

896
00:42:09,680 --> 00:42:11,920
Speaker 3: It's part of a wider social welfare reform which hasn't

897
00:42:11,960 --> 00:42:13,520
Speaker 3: quite seen the light of day, as part of the

898
00:42:13,520 --> 00:42:16,479
Speaker 3: government's job seeker reform announced this week. Right so ACT

899
00:42:16,520 --> 00:42:18,680
Speaker 3: wanted to go further on that as well. When it

900
00:42:18,719 --> 00:42:21,120
Speaker 3: came to loading money on the cards and limiting spending.

901
00:42:21,440 --> 00:42:24,680
Speaker 3: I actually thought the announcement went down relatively well. I mean,

902
00:42:24,680 --> 00:42:26,960
Speaker 3: you've got your usual small selection of moners and apologists

903
00:42:26,960 --> 00:42:29,279
Speaker 3: who call it beneficiary bashing and mean spirited. But I

904
00:42:29,320 --> 00:42:31,080
Speaker 3: think as a country, and we talked to Erica Stamford

905
00:42:31,080 --> 00:42:33,920
Speaker 3: about the Sun earlier on, as a country, we have

906
00:42:34,040 --> 00:42:36,600
Speaker 3: been through enough to see that there are, without question

907
00:42:37,040 --> 00:42:39,439
Speaker 3: those who simply can't be bothered working and while Labor

908
00:42:39,480 --> 00:42:41,560
Speaker 3: allowed them to take the piss, they took it. But

909
00:42:41,640 --> 00:42:44,759
Speaker 3: as regards benefits and kids, while a clamp down led

910
00:42:44,800 --> 00:42:47,640
Speaker 3: by ACT might be seen here as sort of conservative

911
00:42:47,760 --> 00:42:51,200
Speaker 3: or that's the sort of thing ACT would do. In Britain,

912
00:42:51,719 --> 00:42:54,920
Speaker 3: they've just had their latest version of exactly the same debate.

913
00:42:55,120 --> 00:42:57,600
Speaker 3: In twenty seventeen, the Tories introduced a two child limit

914
00:42:57,680 --> 00:43:00,160
Speaker 3: on welfare. They would support you to a point. If

915
00:43:00,239 --> 00:43:01,640
Speaker 3: you then went and had a third, or a fourth

916
00:43:01,760 --> 00:43:03,600
Speaker 3: or a fifth child, that was up to you, but

917
00:43:03,680 --> 00:43:07,120
Speaker 3: there was no more money. It was thought that when

918
00:43:07,239 --> 00:43:10,040
Speaker 3: Labour won the election that cap would go. Guess what,

919
00:43:10,880 --> 00:43:14,040
Speaker 3: it didn't. That led to a small kerfuffle within the party,

920
00:43:14,040 --> 00:43:16,360
Speaker 3: with seven MPs crossing the floor on the vote, but

921
00:43:16,400 --> 00:43:18,560
Speaker 3: seven out of the Labour Party size these days is

922
00:43:18,600 --> 00:43:20,960
Speaker 3: nothing they got suspended in the policy stays. So think

923
00:43:20,960 --> 00:43:24,719
Speaker 3: about it. Welfare under a labor government in Britain that

924
00:43:24,880 --> 00:43:28,280
Speaker 3: is more stringent than under a conservative government in New Zealand.

925
00:43:28,320 --> 00:43:30,319
Speaker 3: Explained the logic of that, which makes I would have

926
00:43:30,320 --> 00:43:33,600
Speaker 3: thought act on the right side of the debate. Pasking

927
00:43:34,120 --> 00:43:36,319
Speaker 3: polling this morning, this is the Cook Political Report. They

928
00:43:36,320 --> 00:43:39,000
Speaker 3: claimed to be bipartisan a margin of one point six,

929
00:43:39,040 --> 00:43:41,640
Speaker 3: which is a very very low margin. And this is

930
00:43:41,719 --> 00:43:45,200
Speaker 3: why so even the Republican Party now are saying to Trump,

931
00:43:45,280 --> 00:43:48,560
Speaker 3: can you stop being weird. They're not putting it in

932
00:43:48,600 --> 00:43:51,880
Speaker 3: those words. They're saying, don't attack her race, don't attack

933
00:43:51,920 --> 00:43:55,120
Speaker 3: her origins, don't talk about AI in the side of

934
00:43:55,160 --> 00:44:00,600
Speaker 3: the crowd. Stop being a nutter because he's rattled and

935
00:44:00,640 --> 00:44:03,320
Speaker 3: they've got major concerns now. So the political report poll

936
00:44:04,080 --> 00:44:07,239
Speaker 3: these are the states that are important. Arizona, she's up two.

937
00:44:08,480 --> 00:44:11,319
Speaker 3: George is tied. Might even need to make a phone

938
00:44:11,360 --> 00:44:14,160
Speaker 3: call about that. Michigan, she's up three. These are the

939
00:44:14,160 --> 00:44:16,280
Speaker 3: swing states, These are the critical aneser. This is where

940
00:44:16,320 --> 00:44:19,400
Speaker 3: as always in the college electoral system, the election is

941
00:44:19,440 --> 00:44:21,080
Speaker 3: going to be won and lost and These are all

942
00:44:21,160 --> 00:44:24,400
Speaker 3: numbers that have moved materially since she's entered the race. So,

943
00:44:24,440 --> 00:44:27,680
Speaker 3: Michigan she's up three. Nevada he's up three. It's the

944
00:44:27,719 --> 00:44:32,279
Speaker 3: only state in which he still leads. North Carolina she's

945
00:44:32,360 --> 00:44:35,920
Speaker 3: up one. Yes, it's tight, but up until now it

946
00:44:35,960 --> 00:44:38,719
Speaker 3: hasn't been tight. Up until now, he's been leading in

947
00:44:38,760 --> 00:44:41,319
Speaker 3: all of them. Up until now, you could really confidently

948
00:44:41,360 --> 00:44:45,120
Speaker 3: say that Trump had a better than even chance of

949
00:44:45,120 --> 00:44:47,759
Speaker 3: winning this election. You can no longer say that or

950
00:44:47,760 --> 00:44:52,520
Speaker 3: anywhere close. So North Carolina she's up one, Pennsylvania she's

951
00:44:52,640 --> 00:44:56,160
Speaker 3: up one, Wisconsin she's up three. So I've just given

952
00:44:56,239 --> 00:44:59,959
Speaker 3: you seven states. She's up in all of them bar

953
00:45:00,120 --> 00:45:02,440
Speaker 3: to one of which is tied, one of which Nevada

954
00:45:02,480 --> 00:45:06,520
Speaker 3: he leads. So the Republicans have got major, major issues,

955
00:45:06,840 --> 00:45:09,960
Speaker 3: and he is not helping himself by behaving the way

956
00:45:10,040 --> 00:45:13,319
Speaker 3: he is currently now. Adrian, or where do you want

957
00:45:13,320 --> 00:45:15,359
Speaker 3: to start? How long do you want it to go?

958
00:45:15,960 --> 00:45:18,640
Speaker 3: How many rabbit holes do we go down? How much

959
00:45:18,800 --> 00:45:21,880
Speaker 3: nuance and subtlety is there? And what he did yesterday?

960
00:45:22,040 --> 00:45:25,080
Speaker 3: And watch what are the ramifications for it all? Adrian

961
00:45:25,239 --> 00:45:27,959
Speaker 3: or the Reserve Reserve Bank governor back with us after

962
00:45:28,000 --> 00:45:29,560
Speaker 3: the news.

963
00:45:30,640 --> 00:45:34,719
Speaker 1: The newsmakers and the personalities the big names talk to,

964
00:45:35,080 --> 00:45:39,200
Speaker 1: like my costing breakfast with Bailey's real estate, your local

965
00:45:39,239 --> 00:45:43,240
Speaker 1: experts across residential, commercial, and rural news talks had been I've.

966
00:45:43,120 --> 00:45:44,640
Speaker 3: Had him on the show, so I thought we'd better

967
00:45:44,680 --> 00:45:48,080
Speaker 3: fix that. Matt Paine of Penske Racing. He got into

968
00:45:48,080 --> 00:45:50,560
Speaker 3: supercars last year out of the old Toyota eighty sixs

969
00:45:50,560 --> 00:45:52,920
Speaker 3: and was doing really well. Another young Kiwi flying the

970
00:45:52,960 --> 00:45:55,160
Speaker 3: flag internationally, so he's with us. After eight meantime of

971
00:45:55,239 --> 00:45:58,120
Speaker 3: twenty three minutes away from it, almost out of nowhere

972
00:45:58,120 --> 00:46:00,520
Speaker 3: came Adrian Orr and his monetary committee and all the

973
00:46:00,560 --> 00:46:02,719
Speaker 3: stuff he said last time seemed to have changed, and

974
00:46:02,760 --> 00:46:04,960
Speaker 3: the cuts that were coming next year are coming now.

975
00:46:04,960 --> 00:46:07,799
Speaker 3: So twenty five basis points. It was the governor. Adriall's

976
00:46:07,840 --> 00:46:10,600
Speaker 3: with us. Very good morning, good morning. Help us out

977
00:46:10,600 --> 00:46:12,640
Speaker 3: with some of the people who don't quite understand what

978
00:46:12,680 --> 00:46:15,000
Speaker 3: you've done. Brad Olsen's biggest flip flop of all time.

979
00:46:15,040 --> 00:46:17,080
Speaker 3: I think one other economist said, you'll get a sprained

980
00:46:17,080 --> 00:46:21,160
Speaker 3: ankle doing the pivot. Explain it to them.

981
00:46:21,320 --> 00:46:25,520
Speaker 18: I can say that business attire was worn throughout the

982
00:46:25,680 --> 00:46:30,760
Speaker 18: entire production of this projection. So I think we're okay

983
00:46:30,800 --> 00:46:35,360
Speaker 18: in our footwear with what have we done. We've said

984
00:46:36,480 --> 00:46:39,680
Speaker 18: we are now far more confident as a monetary policy

985
00:46:39,680 --> 00:46:44,879
Speaker 18: committee that inflation, inflation expectations, and price setting behaviors are

986
00:46:44,880 --> 00:46:49,000
Speaker 18: now consistent with us being able to ease off on

987
00:46:49,040 --> 00:46:52,319
Speaker 18: the monetary restraint. And that's what we did yesterday. We

988
00:46:53,040 --> 00:46:56,680
Speaker 18: provided a profile and we cut official careright by twenty

989
00:46:56,680 --> 00:46:57,520
Speaker 18: five basis points.

990
00:46:57,600 --> 00:46:59,319
Speaker 3: Last time we heard from you in May, you weren't

991
00:46:59,320 --> 00:47:01,960
Speaker 3: cutting till next to you yesterday you did. That's a

992
00:47:02,120 --> 00:47:03,520
Speaker 3: dramatic backdown.

993
00:47:06,040 --> 00:47:10,600
Speaker 18: Well, no, I think plenty of time and plenty of

994
00:47:10,600 --> 00:47:13,960
Speaker 18: information has happened since May, and we've also communicated that

995
00:47:14,040 --> 00:47:16,960
Speaker 18: as well. You know, we had a July monetary policy

996
00:47:17,520 --> 00:47:22,000
Speaker 18: statement where we quite clearly showed our level of growing

997
00:47:22,080 --> 00:47:27,320
Speaker 18: level of confidence that the monetary policy is working, growing

998
00:47:27,360 --> 00:47:33,560
Speaker 18: concern that the output is falling quicker than necessary, and

999
00:47:34,040 --> 00:47:36,040
Speaker 18: so we moved in August.

1000
00:47:36,080 --> 00:47:39,240
Speaker 3: Is made to July. When you talk about your growing confidence,

1001
00:47:39,280 --> 00:47:41,640
Speaker 3: is that actually crashing the economy and you went too

1002
00:47:41,680 --> 00:47:45,680
Speaker 3: hard originally and you suddenly had to help the economy

1003
00:47:45,680 --> 00:47:47,520
Speaker 3: out in the way that most of the retail economists

1004
00:47:47,520 --> 00:47:49,000
Speaker 3: were telling you should do anyway.

1005
00:47:50,400 --> 00:47:53,400
Speaker 18: Well, I doubt the latter. I would say there was

1006
00:47:53,440 --> 00:47:57,759
Speaker 18: a view for every economist something slightly different. No, we

1007
00:47:57,880 --> 00:48:04,720
Speaker 18: focused directly on inflation. It's and so in May, pricing expectations,

1008
00:48:05,600 --> 00:48:11,920
Speaker 18: inflation expectations, actual inflation were all inconsistent, far too high

1009
00:48:12,120 --> 00:48:14,680
Speaker 18: for us to have the confidence to begin to cut

1010
00:48:14,719 --> 00:48:18,239
Speaker 18: rates there. That's why we had a whole path. But

1011
00:48:18,320 --> 00:48:21,279
Speaker 18: we did warn about the risks that you know, these

1012
00:48:21,400 --> 00:48:24,440
Speaker 18: this inflation could be more or less sticky, I don't know,

1013
00:48:24,920 --> 00:48:29,359
Speaker 18: and that output could be more volatile. And since since May,

1014
00:48:29,520 --> 00:48:34,040
Speaker 18: we've we've seen those risks manifest in a good way.

1015
00:48:34,600 --> 00:48:37,960
Speaker 18: You know, price setting behavior has shifted dramatically. You look

1016
00:48:38,000 --> 00:48:41,320
Speaker 18: across all surveys, all activity. So so that's great.

1017
00:48:41,440 --> 00:48:43,719
Speaker 3: Here's what people can't understand about. Well, first of all,

1018
00:48:43,800 --> 00:48:45,080
Speaker 3: let me ask you us to get this other way.

1019
00:48:45,200 --> 00:48:47,560
Speaker 3: Was a hold the possibility yesterday?

1020
00:48:49,160 --> 00:48:52,839
Speaker 18: No, No, it was a consensus for a cut, and

1021
00:48:52,880 --> 00:48:56,759
Speaker 18: then we discussed about how much, you know, how how

1022
00:48:56,920 --> 00:49:00,440
Speaker 18: far is neutral from where we are, and kind of

1023
00:49:00,480 --> 00:49:03,360
Speaker 18: pace would we think we were getting back from a

1024
00:49:03,400 --> 00:49:04,200
Speaker 18: period of restraint.

1025
00:49:04,360 --> 00:49:06,080
Speaker 3: All right, here's the other thing that people und appear

1026
00:49:06,120 --> 00:49:08,160
Speaker 3: to understand, inflation is not in the zero to three

1027
00:49:08,160 --> 00:49:09,080
Speaker 3: percent band? Correct?

1028
00:49:09,640 --> 00:49:14,120
Speaker 18: Right here, right now, The most recent measured CPN inflation

1029
00:49:14,320 --> 00:49:18,719
Speaker 18: is for the June quarter, and no, it's at three

1030
00:49:18,760 --> 00:49:20,440
Speaker 18: point three percent exactly.

1031
00:49:21,840 --> 00:49:24,560
Speaker 3: Before. So you've seen, or appear to have gone from

1032
00:49:24,600 --> 00:49:26,879
Speaker 3: the bloke who needs to see it to a bloke

1033
00:49:26,920 --> 00:49:28,920
Speaker 3: who thinks we'll probably get there anywhere and is prepared

1034
00:49:28,960 --> 00:49:29,560
Speaker 3: to take the risk.

1035
00:49:31,600 --> 00:49:35,120
Speaker 18: We are very confident around, you know, because we can't

1036
00:49:35,440 --> 00:49:38,480
Speaker 18: drive manitary policy through the rear vision mirror, and so

1037
00:49:38,520 --> 00:49:39,279
Speaker 18: we have to have.

1038
00:49:39,239 --> 00:49:40,960
Speaker 3: And that's kind of what you do, isn't it That's

1039
00:49:41,080 --> 00:49:43,560
Speaker 3: and isn't that exactly.

1040
00:49:43,160 --> 00:49:46,800
Speaker 18: The role The document that you're explaining to your listeners

1041
00:49:46,840 --> 00:49:49,479
Speaker 18: has called our Mantary Policy Statement, and if you go

1042
00:49:49,560 --> 00:49:53,440
Speaker 18: on and look at that directly, you'll see forward projections

1043
00:49:54,120 --> 00:49:56,960
Speaker 18: and our activities based on what we think we need

1044
00:49:57,040 --> 00:50:00,880
Speaker 18: to do to keep inflation in the band. Now, nothing

1045
00:50:00,880 --> 00:50:03,920
Speaker 18: we do today is going to affect today's inflation, so

1046
00:50:04,239 --> 00:50:07,399
Speaker 18: we're always looking forward. What have we sitting here? We're

1047
00:50:07,440 --> 00:50:11,400
Speaker 18: seeing more spare capacity of the economy taking out some

1048
00:50:11,520 --> 00:50:15,760
Speaker 18: of the inflation pressure, and we're seeing global pricing falling,

1049
00:50:16,000 --> 00:50:21,160
Speaker 18: and we're seeing business pricing behavior has changed dramatically, a

1050
00:50:21,239 --> 00:50:24,400
Speaker 18: new zonale all for the positive or consistent with ononder

1051
00:50:24,440 --> 00:50:24,960
Speaker 18: three percent.

1052
00:50:25,760 --> 00:50:27,880
Speaker 3: I get that, But in looking at your projections, as

1053
00:50:27,960 --> 00:50:30,840
Speaker 3: I am right here right now, your projection of OCR

1054
00:50:30,960 --> 00:50:33,200
Speaker 3: was five point six percent broadly speaking, and this is

1055
00:50:33,200 --> 00:50:37,200
Speaker 3: the mystery for people. Broadly speaking. Your projections are correct,

1056
00:50:37,440 --> 00:50:41,839
Speaker 3: You've projected the economy correctly, and based on that, you've

1057
00:50:41,840 --> 00:50:44,279
Speaker 3: gone and because of this, we're not cutting till next

1058
00:50:44,360 --> 00:50:46,840
Speaker 3: year all of a sudden, based on the same correct

1059
00:50:46,840 --> 00:50:48,760
Speaker 3: projections you are cutting.

1060
00:50:49,640 --> 00:50:52,000
Speaker 18: Can I say it's not all of a sudden talking

1061
00:50:52,040 --> 00:50:56,319
Speaker 18: about five months ago, and we have actually been monitoring

1062
00:50:56,480 --> 00:51:01,000
Speaker 18: and altering policy since then. By the way, the whole

1063
00:51:01,000 --> 00:51:03,480
Speaker 18: of financial market pricing seems to have been able to

1064
00:51:03,520 --> 00:51:05,640
Speaker 18: read the document and read the signals and see what

1065
00:51:05,640 --> 00:51:06,040
Speaker 18: we're doing.

1066
00:51:07,280 --> 00:51:10,200
Speaker 3: They haven't. I don't think they have. They've seen the

1067
00:51:10,200 --> 00:51:14,520
Speaker 3: real economy and they've seen it. They've seen it's broken.

1068
00:51:14,880 --> 00:51:17,360
Speaker 3: But that the economist says of yesterday, we're going, look,

1069
00:51:17,400 --> 00:51:20,200
Speaker 3: we need to cut, but we don't think he will

1070
00:51:20,239 --> 00:51:21,799
Speaker 3: because of what he said previously.

1071
00:51:23,200 --> 00:51:26,400
Speaker 18: Well, you know, I would just implore people to go

1072
00:51:26,440 --> 00:51:28,840
Speaker 18: and have a look at our July monetary policy statement

1073
00:51:28,880 --> 00:51:31,400
Speaker 18: and read it. I apologize that there were no pictures

1074
00:51:31,440 --> 00:51:34,839
Speaker 18: for some of these people, a forward projection picture, but

1075
00:51:35,200 --> 00:51:39,320
Speaker 18: there are lots of words that explain exactly the uncertainties,

1076
00:51:39,400 --> 00:51:42,319
Speaker 18: the balance for us and our likely nicked move. And

1077
00:51:42,360 --> 00:51:44,680
Speaker 18: that's all we have followed through on. So you can

1078
00:51:44,719 --> 00:51:46,759
Speaker 18: go directly to the documents.

1079
00:51:47,120 --> 00:51:49,920
Speaker 3: Did you say, all right for a luddite like me,

1080
00:51:50,400 --> 00:51:52,279
Speaker 3: did you say, I've got the may one in front

1081
00:51:52,320 --> 00:51:54,560
Speaker 3: of me? But did you say in July specifically like

1082
00:51:55,360 --> 00:51:57,719
Speaker 3: Powell is saying, like the Central Bank in Europe said

1083
00:51:58,040 --> 00:52:01,200
Speaker 3: we will be cutting in July, we will be cutting

1084
00:52:01,239 --> 00:52:04,319
Speaker 3: in September, will be cutting in June. Did you say

1085
00:52:04,360 --> 00:52:05,400
Speaker 3: that specifically or not.

1086
00:52:06,400 --> 00:52:08,959
Speaker 18: I did not say that in July, but I've said

1087
00:52:08,960 --> 00:52:13,239
Speaker 18: that yesterday for August. What did we say in July

1088
00:52:13,920 --> 00:52:20,040
Speaker 18: that I had it sitting right in front of me,

1089
00:52:20,200 --> 00:52:26,160
Speaker 18: But basically we said, inflation pressures are easing, we will

1090
00:52:26,160 --> 00:52:29,920
Speaker 18: be able to temper monetary restraint consistent with.

1091
00:52:30,280 --> 00:52:33,160
Speaker 3: That easy right, but not in JULYUS. So every other

1092
00:52:33,200 --> 00:52:35,479
Speaker 3: reserve bank governor or central bank governor around the world

1093
00:52:35,480 --> 00:52:37,880
Speaker 3: gives us a time. What I'm talking about is that.

1094
00:52:38,480 --> 00:52:43,720
Speaker 18: They don't say things like that, said September. The market

1095
00:52:43,719 --> 00:52:46,279
Speaker 18: has picked fifteen of Pal's next two moves over the

1096
00:52:46,320 --> 00:52:48,560
Speaker 18: last twelve months. Utter false.

1097
00:52:48,600 --> 00:52:52,840
Speaker 3: What Leguard said June and went in June.

1098
00:52:53,200 --> 00:52:56,080
Speaker 18: Legard said June that it's great, and they probably said

1099
00:52:56,080 --> 00:52:59,640
Speaker 18: that quite near June. So, no, people, you know.

1100
00:52:59,760 --> 00:53:00,840
Speaker 3: We're in August.

1101
00:53:00,920 --> 00:53:02,200
Speaker 2: We were in July.

1102
00:53:02,360 --> 00:53:05,760
Speaker 3: You didn't say August, and you went in August.

1103
00:53:06,480 --> 00:53:08,720
Speaker 18: Because we didn't know it was going to come in August.

1104
00:53:08,800 --> 00:53:10,279
Speaker 18: We were saying we are growing on.

1105
00:53:10,520 --> 00:53:12,799
Speaker 3: You just said you did so in July you said

1106
00:53:12,840 --> 00:53:13,640
Speaker 3: you know you did.

1107
00:53:13,840 --> 00:53:17,320
Speaker 18: I just mated. I said, we provided a Ford guidance

1108
00:53:17,480 --> 00:53:20,160
Speaker 18: that inflation pressure are using and we will be able

1109
00:53:20,239 --> 00:53:23,040
Speaker 18: to temper monetary restraint consistent with that.

1110
00:53:23,239 --> 00:53:25,399
Speaker 3: And that's that's not a cut in your mind as.

1111
00:53:25,320 --> 00:53:30,919
Speaker 18: Well, and the market and all people who read that thought, yes,

1112
00:53:31,160 --> 00:53:34,560
Speaker 18: game on for a retract cut August end right?

1113
00:53:34,800 --> 00:53:36,960
Speaker 3: And so does that go back to the bluffing conversation

1114
00:53:37,040 --> 00:53:39,040
Speaker 3: that you denied yesterday? In other words, you were freaked

1115
00:53:39,040 --> 00:53:41,120
Speaker 3: out that everyone in the retail market priced it all

1116
00:53:41,200 --> 00:53:43,520
Speaker 3: in already, so you didn't want to go We're going

1117
00:53:43,560 --> 00:53:46,600
Speaker 3: in August, and so hence the surprise yesterday.

1118
00:53:46,800 --> 00:53:49,680
Speaker 18: No, No, that's a great story, but wrong. What we

1119
00:53:49,800 --> 00:53:53,560
Speaker 18: said in May is we are needing to remain with

1120
00:53:53,680 --> 00:53:56,360
Speaker 18: the monetary restraint based on the risks we see in

1121
00:53:56,360 --> 00:54:00,200
Speaker 18: front of us at that point. By July those risks,

1122
00:54:00,520 --> 00:54:03,319
Speaker 18: the balance had changed. In August we grew confidence to

1123
00:54:03,320 --> 00:54:07,319
Speaker 18: be able to cut. Remember back in May, inflation north

1124
00:54:07,320 --> 00:54:12,319
Speaker 18: of four percent, inflation expectations, pricing behaviors all at very

1125
00:54:12,520 --> 00:54:18,680
Speaker 18: high levels. Not an environment to boldly Russian to cutting infrastrates.

1126
00:54:19,719 --> 00:54:25,600
Speaker 3: So nothing to apologize for, nothing to see here as planned. Yes,

1127
00:54:26,080 --> 00:54:28,640
Speaker 3: appreciate your time, Adrian or the Reserve Bank governor. Just

1128
00:54:29,120 --> 00:54:31,719
Speaker 3: let me come back to the exact quote in just

1129
00:54:31,760 --> 00:54:35,360
Speaker 3: a couple of moments, and you tell me whether or

1130
00:54:35,440 --> 00:54:37,440
Speaker 3: not that this is something that you would listen to

1131
00:54:37,480 --> 00:54:41,160
Speaker 3: and go, oh, yeah, he's going next month fourteen to eight.

1132
00:54:42,440 --> 00:54:46,960
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

1133
00:54:46,960 --> 00:54:47,920
Speaker 1: by News Talks, a'd be.

1134
00:54:48,360 --> 00:54:50,000
Speaker 3: We're at a ce minutes away from eight. So this

1135
00:54:50,040 --> 00:54:52,520
Speaker 3: is what he said in July, and it's important to

1136
00:54:52,520 --> 00:54:55,360
Speaker 3: point this out in case you're confused. This is not

1137
00:54:55,400 --> 00:54:57,239
Speaker 3: a matter of whether he did the right thing or not.

1138
00:54:57,520 --> 00:54:59,520
Speaker 3: Because he did do the right thing. Everyone knows he

1139
00:54:59,560 --> 00:55:01,279
Speaker 3: did the right thing. He now knows he did the

1140
00:55:01,360 --> 00:55:03,920
Speaker 3: right thing. The interest rate, the cash rate needed to

1141
00:55:03,960 --> 00:55:06,000
Speaker 3: be cut, and it needs to be cut on an

1142
00:55:06,000 --> 00:55:08,520
Speaker 3: ongoing basis because the economy is buggered. So we're all

1143
00:55:08,560 --> 00:55:12,080
Speaker 3: agreed on that aspect of it. The important part, probably

1144
00:55:12,160 --> 00:55:15,040
Speaker 3: even the more important part than actually doing the cutting,

1145
00:55:15,760 --> 00:55:18,560
Speaker 3: is having faith in the people who run the economy.

1146
00:55:19,080 --> 00:55:21,160
Speaker 3: If you can't have faith in a person that they

1147
00:55:21,200 --> 00:55:23,960
Speaker 3: can't talk you through the process, if you don't have

1148
00:55:24,000 --> 00:55:27,160
Speaker 3: an understanding of where they're heading, why they're heading there,

1149
00:55:27,200 --> 00:55:30,080
Speaker 3: and how they're doing it, then we're all up the

1150
00:55:30,120 --> 00:55:33,160
Speaker 3: creek without a paddle. And that fundamentally is what has happened,

1151
00:55:33,160 --> 00:55:34,880
Speaker 3: and that's why there is so much upset among the

1152
00:55:34,960 --> 00:55:37,719
Speaker 3: economic community. That there's nothing wrong with cutting. That was

1153
00:55:37,760 --> 00:55:40,480
Speaker 3: the right thing to do. How we got there was

1154
00:55:40,520 --> 00:55:45,000
Speaker 3: a monumental cock up, and instead of them going, look,

1155
00:55:45,000 --> 00:55:47,920
Speaker 3: it was a bit says about it, maybe I'm not

1156
00:55:47,920 --> 00:55:49,880
Speaker 3: the best person for the job. He's sort of still defenses.

1157
00:55:49,960 --> 00:55:51,960
Speaker 3: Here's what he said in July, this is what you're

1158
00:55:52,040 --> 00:55:55,040
Speaker 3: supposed to hear. And from that, instead of a pal,

1159
00:55:55,160 --> 00:55:58,440
Speaker 3: instead of a leguard telling you what's happening. In other words,

1160
00:55:58,520 --> 00:56:01,759
Speaker 3: are soft landing. We're in our third recession. By the way,

1161
00:56:01,800 --> 00:56:03,320
Speaker 3: we didn't have time to touch on that, but almost

1162
00:56:03,320 --> 00:56:06,479
Speaker 3: certainly Q three, Q Q two and Q three, which

1163
00:56:06,480 --> 00:56:08,239
Speaker 3: is what we're in at the moment, is in recessionary,

1164
00:56:08,320 --> 00:56:12,120
Speaker 3: so three recessions, so no soft landing, three recessions. The

1165
00:56:12,120 --> 00:56:15,760
Speaker 3: committee agreed, this is what he said. The Committee agreed

1166
00:56:16,200 --> 00:56:20,440
Speaker 3: that monetary policy will need to remain restrictive. The extent

1167
00:56:20,480 --> 00:56:24,880
Speaker 3: of this restraint will be tempered over time consistent with

1168
00:56:24,960 --> 00:56:29,960
Speaker 3: the expected decline in inflation pressures. What part of that,

1169
00:56:30,160 --> 00:56:34,120
Speaker 3: as he delivered that in July, says to you one

1170
00:56:34,200 --> 00:56:39,240
Speaker 3: month later, he's cutting the cash rain. What bitter that says,

1171
00:56:39,280 --> 00:56:43,040
Speaker 3: I'm cutting in July. The extent of this restraint will

1172
00:56:43,080 --> 00:56:48,920
Speaker 3: be tempered over time. What's that mean? One month, three days,

1173
00:56:49,239 --> 00:56:51,400
Speaker 3: six months? Or do you believe what he said previously,

1174
00:56:51,400 --> 00:56:54,200
Speaker 3: which is next year, over time consistent with the expected

1175
00:56:54,200 --> 00:56:55,719
Speaker 3: declient and inflation pressures.

1176
00:56:56,000 --> 00:56:58,480
Speaker 22: Maybe if you could draw me some kind of diagram.

1177
00:56:58,440 --> 00:57:01,200
Speaker 18: I apologize that there were no for some of these.

1178
00:57:01,080 --> 00:57:04,560
Speaker 3: People, probably not as fine as work that particular line.

1179
00:57:04,560 --> 00:57:06,200
Speaker 3: There'll be a lot of people who will be insulted

1180
00:57:06,239 --> 00:57:08,160
Speaker 3: by that. I'm not one of them because I don't care.

1181
00:57:08,280 --> 00:57:10,160
Speaker 3: But there will be people who actually trade and make

1182
00:57:10,160 --> 00:57:12,160
Speaker 3: their living in this sort of area that will be insulted.

1183
00:57:12,400 --> 00:57:13,480
Speaker 3: Nine minutes away from.

1184
00:57:13,320 --> 00:57:17,120
Speaker 1: Eight the make costing repist with the range rover of

1185
00:57:17,200 --> 00:57:20,200
Speaker 1: the laws, stitch away from the Just to wrap this up,

1186
00:57:20,240 --> 00:57:22,680
Speaker 1: the best example I can give you locally really in

1187
00:57:22,720 --> 00:57:25,160
Speaker 1: the way Reserve Bank should be handling things as Australia.

1188
00:57:25,360 --> 00:57:27,480
Speaker 3: So is Australia going to have a soft landing? Are

1189
00:57:27,480 --> 00:57:28,400
Speaker 3: they having a soft landing?

1190
00:57:28,480 --> 00:57:28,640
Speaker 4: Yes?

1191
00:57:29,000 --> 00:57:30,000
Speaker 3: Have they had a recession?

1192
00:57:30,120 --> 00:57:30,240
Speaker 19: No?

1193
00:57:30,400 --> 00:57:32,720
Speaker 3: Have they had two recessions no? Are they likely to

1194
00:57:32,720 --> 00:57:33,640
Speaker 3: have three recessions?

1195
00:57:33,760 --> 00:57:33,880
Speaker 10: No?

1196
00:57:34,080 --> 00:57:37,640
Speaker 3: Have we yes? So what they're doing is talking people

1197
00:57:37,680 --> 00:57:40,760
Speaker 3: through liring down bit of banks. At the moment they're

1198
00:57:40,840 --> 00:57:43,040
Speaker 3: talking about the possibility of a hike. They're seeing some

1199
00:57:43,160 --> 00:57:45,040
Speaker 3: jobs that they didn't expect to see. So there's a

1200
00:57:45,080 --> 00:57:46,959
Speaker 3: bit of back and forth, bit of argie bargie between

1201
00:57:47,000 --> 00:57:49,600
Speaker 3: the government and the Reserve Bank. The government, the Reserve

1202
00:57:49,600 --> 00:57:51,880
Speaker 3: Bank argues are spending too much money over there because

1203
00:57:51,880 --> 00:57:54,120
Speaker 3: they are a labor government that's inflationary. Government says no.

1204
00:57:54,360 --> 00:57:56,240
Speaker 3: So there's back and forward between it. But at all

1205
00:57:56,320 --> 00:57:59,080
Speaker 3: times they're very clear as to what's going on in

1206
00:57:59,120 --> 00:58:01,160
Speaker 3: the economy and what the serve bankers trying to do,

1207
00:58:01,600 --> 00:58:04,000
Speaker 3: and to this point they've done it largely successfully. So

1208
00:58:04,120 --> 00:58:06,680
Speaker 3: look at that and look at our example, and there's

1209
00:58:06,680 --> 00:58:10,040
Speaker 3: your comparison property data, which in a way is what

1210
00:58:10,040 --> 00:58:11,640
Speaker 3: this is all about, with the interest rates and the

1211
00:58:11,640 --> 00:58:13,240
Speaker 3: cash rate and your mortgage rate and all that sort

1212
00:58:13,280 --> 00:58:15,919
Speaker 3: of stuff. Trade me. The smalling national average asking price

1213
00:58:16,080 --> 00:58:19,120
Speaker 3: is down again one point one percent for the month.

1214
00:58:20,000 --> 00:58:21,760
Speaker 3: If you look around the region as far as the

1215
00:58:21,840 --> 00:58:23,840
Speaker 3: year on year numbers going, Gisbon, by the way, the

1216
00:58:23,880 --> 00:58:26,360
Speaker 3: only region in the North Island that recorded a year

1217
00:58:26,400 --> 00:58:29,840
Speaker 3: on year increase up eight point six percent. South Island,

1218
00:58:30,280 --> 00:58:34,480
Speaker 3: every region recorded an increase year on year, apart from Nelson,

1219
00:58:34,520 --> 00:58:38,320
Speaker 3: Tasman West Coast booming up fourteen point eight percent. Remember

1220
00:58:38,320 --> 00:58:40,680
Speaker 3: these are the asking prices. Asking prices don't mean that's

1221
00:58:40,680 --> 00:58:42,720
Speaker 3: what it sells for, but it gives you an indication

1222
00:58:42,800 --> 00:58:44,800
Speaker 3: as to how confident people are or aren't on any

1223
00:58:44,800 --> 00:58:47,800
Speaker 3: given moment. So the monthly data that I gave you

1224
00:58:47,840 --> 00:58:49,800
Speaker 3: is one point one down for July, but the year

1225
00:58:49,840 --> 00:58:53,080
Speaker 3: on year data, as I say, Gisbon up eight point

1226
00:58:53,080 --> 00:58:55,680
Speaker 3: six the West Coast up fourteen point eight Southland's good

1227
00:58:55,720 --> 00:58:58,400
Speaker 3: three point nine. Up where else can I tell you

1228
00:58:58,440 --> 00:59:00,520
Speaker 3: that's good? Where do you want to move to? Marlborough

1229
00:59:00,560 --> 00:59:03,160
Speaker 3: four point five? It's pretty good? A Targo seven point

1230
00:59:03,160 --> 00:59:06,600
Speaker 3: five booming. Auckland lots have flashed down three point three

1231
00:59:06,640 --> 00:59:08,600
Speaker 3: on the year, Northland three and a half percent on

1232
00:59:08,640 --> 00:59:11,800
Speaker 3: the year. Manor were two to three point seven. The

1233
00:59:11,840 --> 00:59:14,600
Speaker 3: Capital two point nine could have been worse. I suppose

1234
00:59:14,800 --> 00:59:17,360
Speaker 3: given all that's gone on. Nelson Tasman four point five,

1235
00:59:17,400 --> 00:59:20,720
Speaker 3: as I said, and Canterbury at one point four. Once again,

1236
00:59:20,800 --> 00:59:23,320
Speaker 3: Canterbury seems to be the most stable sort of region

1237
00:59:23,880 --> 00:59:26,400
Speaker 3: in the country. Not you know, when everyone goes up,

1238
00:59:26,480 --> 00:59:28,280
Speaker 3: they don't go up as much. When everyone goes down,

1239
00:59:28,320 --> 00:59:31,280
Speaker 3: they don't go down as much. Now. Matt pain Matt Paine.

1240
00:59:31,280 --> 00:59:33,560
Speaker 3: A couple of years ago I discovered him. He's racing

1241
00:59:33,640 --> 00:59:36,640
Speaker 3: around Hampton Downs and he was in his little Toyota

1242
00:59:36,680 --> 00:59:39,000
Speaker 3: eighty six years another of these twenty one. Currently he's

1243
00:59:39,080 --> 00:59:41,080
Speaker 3: not one of the At the time he was nineteen,

1244
00:59:41,120 --> 00:59:43,360
Speaker 3: he dreamed of going to the Supercars. Last year he

1245
00:59:43,440 --> 00:59:45,840
Speaker 3: got there, he was a rookie. He did well. He

1246
00:59:45,880 --> 00:59:48,280
Speaker 3: looks like he's the biz and this year he's setting

1247
00:59:48,360 --> 00:59:51,000
Speaker 3: fifth in his second year. It's a great story. Matt

1248
00:59:51,040 --> 00:59:53,480
Speaker 3: Payne is next the.

1249
00:59:53,520 --> 00:59:57,440
Speaker 1: Breakfast show You can Trust, the Mic Hosking Breakfast with

1250
00:59:57,720 --> 01:00:01,080
Speaker 1: Alveda Retirement Communities, Your Way News.

1251
01:00:01,160 --> 01:00:05,840
Speaker 2: Tog said, bea.

1252
01:00:07,280 --> 01:00:10,520
Speaker 3: Now look hit A seven pars Supercars back this weekend.

1253
01:00:10,560 --> 01:00:12,160
Speaker 3: By the way, one did the word with Matt Payne

1254
01:00:12,160 --> 01:00:14,120
Speaker 3: at twenty one. He's one of the sport's big prospects.

1255
01:00:14,160 --> 01:00:17,400
Speaker 3: Another key re flying the flag very successfully and motorsport internationally.

1256
01:00:17,520 --> 01:00:21,120
Speaker 3: Rookie last year. Is in the second season with penske

1257
01:00:21,200 --> 01:00:24,760
Speaker 3: sits fifth as they head into Tasmania this weekend. Matt

1258
01:00:24,760 --> 01:00:26,400
Speaker 3: Payne is, well, it's very good morning to you.

1259
01:00:27,000 --> 01:00:27,720
Speaker 13: Good morning Mike.

1260
01:00:27,800 --> 01:00:30,200
Speaker 3: How are you listening? Very well? Now for people who

1261
01:00:30,200 --> 01:00:33,640
Speaker 3: don't follow supercars that closely, just work us through the

1262
01:00:33,720 --> 01:00:36,440
Speaker 3: jump because you were previously in Toyota eighty six is

1263
01:00:36,520 --> 01:00:39,000
Speaker 3: beatling round places like Hampton Downs. You've jumped into the

1264
01:00:39,000 --> 01:00:41,960
Speaker 3: big car. Now, what's the difference from eighty six is

1265
01:00:42,000 --> 01:00:42,960
Speaker 3: to supercars.

1266
01:00:44,280 --> 01:00:48,480
Speaker 13: It's a very large, large gap. He has sort of

1267
01:00:49,160 --> 01:00:52,840
Speaker 13: are there eighty six's are obviously it's been a lot

1268
01:00:52,880 --> 01:00:56,280
Speaker 13: lot different cards to what a supercars. You know, supercars

1269
01:00:56,360 --> 01:00:59,600
Speaker 13: be queen your if the pedal box is a lot

1270
01:00:59,600 --> 01:01:02,440
Speaker 13: different and a style of driving is probably a lot

1271
01:01:02,480 --> 01:01:06,880
Speaker 13: different as well, so you know, the characteristics of the

1272
01:01:06,920 --> 01:01:10,680
Speaker 13: car are completely different. But also the level of competition

1273
01:01:10,720 --> 01:01:15,280
Speaker 13: and supercars is super high. So it's the big, big

1274
01:01:15,320 --> 01:01:18,280
Speaker 13: step up going from from an Andy six in New

1275
01:01:18,320 --> 01:01:21,560
Speaker 13: Zealand all the way across the debts. These guys are,

1276
01:01:21,560 --> 01:01:23,120
Speaker 13: these guys are play for keeps.

1277
01:01:23,320 --> 01:01:25,360
Speaker 3: How much more confident are you feeling this year from

1278
01:01:25,400 --> 01:01:27,640
Speaker 3: the learnings that you took out of last year?

1279
01:01:28,240 --> 01:01:31,560
Speaker 13: Yeah, I think it's it's a good question. Like last year,

1280
01:01:31,800 --> 01:01:36,040
Speaker 13: I definitely you know, set it out as a learning

1281
01:01:36,120 --> 01:01:39,680
Speaker 13: year and trying to gather as much knowledge as I

1282
01:01:39,760 --> 01:01:42,960
Speaker 13: can and you know, just try and trying to tick

1283
01:01:43,000 --> 01:01:48,120
Speaker 13: all the boxes. So it's this year has been it's

1284
01:01:48,160 --> 01:01:50,360
Speaker 13: been okay, you know, like we had a really good

1285
01:01:50,400 --> 01:01:53,720
Speaker 13: start and you know, the Grand Prix was was really

1286
01:01:53,720 --> 01:01:56,240
Speaker 13: promising with a couple of podiums in a poll, and

1287
01:01:56,800 --> 01:01:59,680
Speaker 13: New Zealand probably didn't get as much as I wanted

1288
01:01:59,720 --> 01:02:01,840
Speaker 13: out of it. I think we left a little bit

1289
01:02:01,880 --> 01:02:04,560
Speaker 13: on the table and then kind of struggled a little

1290
01:02:04,560 --> 01:02:06,920
Speaker 13: bit through the through the midway of the year with

1291
01:02:07,280 --> 01:02:10,520
Speaker 13: the car, So things that are picking back up again now,

1292
01:02:10,680 --> 01:02:14,120
Speaker 13: like it's definitely going back into the direction we want.

1293
01:02:14,280 --> 01:02:18,200
Speaker 13: So yeah, hopefully you know we can continue that and

1294
01:02:18,480 --> 01:02:21,720
Speaker 13: finish out the year, you know, strong, and not have

1295
01:02:21,840 --> 01:02:24,479
Speaker 13: too many Bogue tracks to go back to next year.

1296
01:02:24,720 --> 01:02:26,600
Speaker 3: I mean, if you look, I put modesty aside for

1297
01:02:26,640 --> 01:02:28,360
Speaker 3: a moment, If you look at your last four races,

1298
01:02:28,400 --> 01:02:31,520
Speaker 3: you've been on the podium twice for goodness sake, come

1299
01:02:31,560 --> 01:02:33,200
Speaker 3: back to top on just a moment. But as a

1300
01:02:33,240 --> 01:02:35,480
Speaker 3: young guy new to this game, you are winning. I mean,

1301
01:02:35,520 --> 01:02:36,720
Speaker 3: you can't ask for much more than that.

1302
01:02:37,440 --> 01:02:40,880
Speaker 13: No, that's it's it's pretty good when you know, obviously

1303
01:02:41,600 --> 01:02:43,960
Speaker 13: Council was was really good for us to sort of

1304
01:02:44,000 --> 01:02:47,120
Speaker 13: come back and get that when it was we really

1305
01:02:47,160 --> 01:02:50,160
Speaker 13: needed it at that time. You know, we we were

1306
01:02:50,160 --> 01:02:53,120
Speaker 13: struggling a little bit before that and you know, probably

1307
01:02:53,200 --> 01:02:56,880
Speaker 13: lost our way a little bit, but to come back

1308
01:02:56,920 --> 01:02:59,280
Speaker 13: and it just gives you so much confidence, you know,

1309
01:02:59,440 --> 01:03:01,760
Speaker 13: for the rest of the year, And it was really

1310
01:03:01,800 --> 01:03:04,560
Speaker 13: really important for us to try and somewhat back it

1311
01:03:04,640 --> 01:03:06,919
Speaker 13: up at Sydney, and I think we kind of did that.

1312
01:03:07,040 --> 01:03:12,800
Speaker 13: You know, our qualifying car definitely needs improving, but it's yeah,

1313
01:03:13,160 --> 01:03:15,280
Speaker 13: to be fair like, I just want to be rent

1314
01:03:15,320 --> 01:03:18,640
Speaker 13: winning races, So that's that's the goal at the moment.

1315
01:03:18,960 --> 01:03:21,520
Speaker 3: See, Tapo was a very good example of what I've

1316
01:03:21,560 --> 01:03:24,640
Speaker 3: noticed about you. He came forth eventually in the race,

1317
01:03:24,680 --> 01:03:26,920
Speaker 3: but but you were first in the shootout. In other words,

1318
01:03:27,400 --> 01:03:31,520
Speaker 3: you you are fast. So what's the difference between qualifying

1319
01:03:31,600 --> 01:03:33,720
Speaker 3: first and the race itself.

1320
01:03:34,960 --> 01:03:36,760
Speaker 13: Yeah, at the start of the year, we had a

1321
01:03:36,800 --> 01:03:40,560
Speaker 13: really strong qualifying car and you know, it wasn't wasn't hard,

1322
01:03:41,040 --> 01:03:44,240
Speaker 13: It wasn't a real stretch for us to be inside

1323
01:03:44,280 --> 01:03:46,200
Speaker 13: the top five most of the time when it when

1324
01:03:46,200 --> 01:03:50,240
Speaker 13: it came to qualifying, But it's the race. The race

1325
01:03:50,280 --> 01:03:53,480
Speaker 13: set up requires a little bit different sort of balance

1326
01:03:53,520 --> 01:03:56,200
Speaker 13: to the car, and it's probably something we didn't quite

1327
01:03:56,720 --> 01:03:58,520
Speaker 13: understand at the start of the year, and we were

1328
01:03:58,520 --> 01:04:01,600
Speaker 13: probably a little bit lost. So that's probably why you

1329
01:04:02,280 --> 01:04:06,760
Speaker 13: see results like Talpo kind of slip away and we

1330
01:04:06,920 --> 01:04:08,720
Speaker 13: do all the work to qualify on the front row,

1331
01:04:08,840 --> 01:04:12,040
Speaker 13: but it doesn't really get rewarded for the race result

1332
01:04:12,120 --> 01:04:14,640
Speaker 13: because the car just wasn't quite in the window of

1333
01:04:14,640 --> 01:04:17,560
Speaker 13: what we needed. So and it's kind of funny because

1334
01:04:17,600 --> 01:04:21,880
Speaker 13: now we've kind of flipped that around and now our

1335
01:04:21,960 --> 01:04:25,800
Speaker 13: qualifying car is not necessarily very strong, and we're just

1336
01:04:25,880 --> 01:04:28,520
Speaker 13: kind of making the top ten. But our race car

1337
01:04:29,320 --> 01:04:33,800
Speaker 13: has definitely improved. And you know, now even though we've

1338
01:04:33,800 --> 01:04:37,440
Speaker 13: made some mistakes and we're qualifying tents and eleventh, but

1339
01:04:37,480 --> 01:04:40,840
Speaker 13: we're still able to race forward to a possible podium,

1340
01:04:40,880 --> 01:04:44,360
Speaker 13: which is a really good thing to have. But also

1341
01:04:44,440 --> 01:04:46,360
Speaker 13: we need to find the right balance to get the

1342
01:04:46,400 --> 01:04:48,760
Speaker 13: qualifying car back in the window to make our life

1343
01:04:48,760 --> 01:04:50,200
Speaker 13: easier for that stup, which is.

1344
01:04:50,160 --> 01:04:52,160
Speaker 3: I suppose one of the most fascinating things for people

1345
01:04:52,160 --> 01:04:54,760
Speaker 3: who follow supercows. I mean, the gap at the top

1346
01:04:54,800 --> 01:04:58,760
Speaker 3: of the field is just so minute, you know, tents

1347
01:04:58,760 --> 01:05:00,840
Speaker 3: of a second. For goodness sake, these days, how much

1348
01:05:00,960 --> 01:05:04,080
Speaker 3: mucking around goes on with these cars and how much

1349
01:05:04,120 --> 01:05:07,000
Speaker 3: of it might work out well versus you know, it

1350
01:05:07,160 --> 01:05:08,280
Speaker 3: being pure guesswork.

1351
01:05:10,000 --> 01:05:13,560
Speaker 13: Look, it's really crucial of how you roll out at

1352
01:05:13,600 --> 01:05:15,960
Speaker 13: the start of a weekend, and your first couple of

1353
01:05:16,000 --> 01:05:19,480
Speaker 13: aps and or your first two runs in practice really

1354
01:05:19,880 --> 01:05:22,200
Speaker 13: you know, sort of tell you how your weekend is

1355
01:05:22,200 --> 01:05:24,760
Speaker 13: going to go. You can sometimes it rolled out and

1356
01:05:25,480 --> 01:05:28,080
Speaker 13: it's been in the top three, and you know we're

1357
01:05:28,080 --> 01:05:30,760
Speaker 13: going to make you know, two or three set up tweaks,

1358
01:05:30,760 --> 01:05:33,400
Speaker 13: but not massive things during practice and that's kind of

1359
01:05:33,400 --> 01:05:36,360
Speaker 13: all it needs sometimes. And then other times you roll

1360
01:05:36,400 --> 01:05:38,520
Speaker 13: out in your fifteenth and you're kind of like, oh,

1361
01:05:38,800 --> 01:05:42,480
Speaker 13: it feels okay, but five tenths off the leader, we

1362
01:05:42,560 --> 01:05:46,800
Speaker 13: definitely need something. So then you're kind of just working

1363
01:05:46,840 --> 01:05:49,560
Speaker 13: on what you need and trying to achieve that, and

1364
01:05:50,440 --> 01:05:52,840
Speaker 13: you know, probably taking bigger th things at it then

1365
01:05:52,880 --> 01:05:55,520
Speaker 13: you would have if it just needed a little bit

1366
01:05:55,520 --> 01:05:58,480
Speaker 13: of a tweak when you try to find that margin.

1367
01:05:58,640 --> 01:06:01,840
Speaker 13: So yeah, sometimes you can roll out and be really

1368
01:06:01,880 --> 01:06:05,360
Speaker 13: strong and and not have to think too hard about

1369
01:06:05,360 --> 01:06:08,040
Speaker 13: it and just go and drive it. And then sometimes

1370
01:06:08,040 --> 01:06:10,440
Speaker 13: you roll out and you're slow and you're sort of

1371
01:06:10,440 --> 01:06:13,000
Speaker 13: scratching your head and you think, wow, this is it's

1372
01:06:13,040 --> 01:06:14,000
Speaker 13: going to be a long weekend.

1373
01:06:14,320 --> 01:06:16,280
Speaker 3: Let's talk about some of the names legends of the

1374
01:06:16,320 --> 01:06:21,800
Speaker 3: sport in your side, Gas Tender, Couchy, Alista McVeigh. These

1375
01:06:21,800 --> 01:06:24,560
Speaker 3: are legends. How useful are they to somebody like you?

1376
01:06:25,680 --> 01:06:29,320
Speaker 13: It's been huge getting these people, and you know, I've

1377
01:06:29,360 --> 01:06:33,680
Speaker 13: worked with Cauchy and Now and even Gassed now for

1378
01:06:33,720 --> 01:06:36,640
Speaker 13: a couple of years and it was it was really

1379
01:06:36,680 --> 01:06:39,560
Speaker 13: exciting at the start when this whole kind of project

1380
01:06:39,600 --> 01:06:41,560
Speaker 13: was coming together with this team that you know, they

1381
01:06:41,840 --> 01:06:46,240
Speaker 13: obviously sid out to get the right people, so it's

1382
01:06:46,240 --> 01:06:49,800
Speaker 13: been really good to work with them and obviously they

1383
01:06:49,920 --> 01:06:52,960
Speaker 13: know what it takes to get it done, and and

1384
01:06:53,080 --> 01:06:56,200
Speaker 13: just sort of been learning from the knowledge of what

1385
01:06:56,240 --> 01:06:59,040
Speaker 13: they know and trying to sort of craft myself into

1386
01:06:59,120 --> 01:07:03,680
Speaker 13: Deans you know, the best kind of all rounder for

1387
01:07:04,480 --> 01:07:07,280
Speaker 13: a racing driver has been has been really important. Like

1388
01:07:07,400 --> 01:07:10,600
Speaker 13: Garth is a little bit older and and he's been

1389
01:07:10,640 --> 01:07:13,720
Speaker 13: around for a long time, so he's really he was

1390
01:07:13,760 --> 01:07:16,520
Speaker 13: in that period where the races were they were really

1391
01:07:16,600 --> 01:07:20,200
Speaker 13: hard core, so probably a little bit harder than what

1392
01:07:20,680 --> 01:07:24,440
Speaker 13: we are now that in these days. But it's it's interesting,

1393
01:07:24,560 --> 01:07:27,760
Speaker 13: you know, learning from him and then he goes about

1394
01:07:27,800 --> 01:07:30,440
Speaker 13: things in a slightly different way, which is really interesting.

1395
01:07:30,560 --> 01:07:34,520
Speaker 13: And and yeah, just just you know, having having those

1396
01:07:34,560 --> 01:07:37,760
Speaker 13: people around and the persona they carry is important for

1397
01:07:37,800 --> 01:07:39,680
Speaker 13: the rest of the time, exactly.

1398
01:07:39,360 --> 01:07:41,280
Speaker 3: And you're very lucky. Listen, we'll come back and talk

1399
01:07:41,320 --> 01:07:43,479
Speaker 3: a bit about Tasmani, maybe even Bethurst in the moment.

1400
01:07:43,520 --> 01:07:46,400
Speaker 3: Matt Payne more shortly fourteen past.

1401
01:07:46,400 --> 01:07:50,760
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio car

1402
01:07:50,880 --> 01:07:52,040
Speaker 1: it by News Talks.

1403
01:07:51,800 --> 01:07:55,120
Speaker 3: It be New Stalks seventeen past eight to Matt pain

1404
01:07:55,520 --> 01:07:58,680
Speaker 3: is Wather's right to this weekend Matt Tasmania does? Does

1405
01:07:58,680 --> 01:08:00,440
Speaker 3: the trick bother you? By the way? How means the

1406
01:08:00,480 --> 01:08:02,120
Speaker 3: small tracks A funny little trick, isn't it?

1407
01:08:03,280 --> 01:08:03,520
Speaker 1: Yeah?

1408
01:08:03,680 --> 01:08:06,400
Speaker 13: Looks to be to be honest, like, it's probably not

1409
01:08:06,480 --> 01:08:10,280
Speaker 13: my most favorite on the calendar. It's only really got

1410
01:08:10,320 --> 01:08:15,200
Speaker 13: three corners if you think about it, for three opportunities

1411
01:08:15,240 --> 01:08:17,800
Speaker 13: to kind of get it right. So it's tough, you know,

1412
01:08:18,160 --> 01:08:21,120
Speaker 13: it makes things difficult when you're when you're trying to

1413
01:08:21,160 --> 01:08:24,840
Speaker 13: get you know, the right set up and trying to

1414
01:08:24,880 --> 01:08:26,519
Speaker 13: get a lap out of it when the times are

1415
01:08:26,840 --> 01:08:29,760
Speaker 13: you know, the closest they they probably will be all year.

1416
01:08:29,960 --> 01:08:34,040
Speaker 13: So I probably prefer, you know, to go out slightly

1417
01:08:34,080 --> 01:08:37,519
Speaker 13: longer tracks like I don't know that the Bend or

1418
01:08:37,600 --> 01:08:41,920
Speaker 13: Battles or you know, even Tapo and things like that.

1419
01:08:42,080 --> 01:08:45,360
Speaker 13: Slightly longer tracks, they're probably more my style. But in

1420
01:08:45,479 --> 01:08:49,280
Speaker 13: saying that, like last year we weren't particularly strong with

1421
01:08:50,520 --> 01:08:54,479
Speaker 13: at Tasmania, but we weren't particularly strong at Sydney and

1422
01:08:55,120 --> 01:08:58,200
Speaker 13: where we went really well this year, So it's really

1423
01:08:58,240 --> 01:09:01,200
Speaker 13: a track that I want to look forward to coming

1424
01:09:01,240 --> 01:09:04,479
Speaker 13: to and I really like Tasmania. It's a cool place,

1425
01:09:04,560 --> 01:09:06,639
Speaker 13: it's a little bit different to the rest of Australia.

1426
01:09:06,760 --> 01:09:10,200
Speaker 13: So it's I'm really looking forward to this weekend and

1427
01:09:10,439 --> 01:09:13,280
Speaker 13: trying to sort of flip around last year's results to

1428
01:09:13,760 --> 01:09:14,799
Speaker 13: a positive note.

1429
01:09:14,800 --> 01:09:17,240
Speaker 3: And past this weekend. Are you aiming for thinking about

1430
01:09:17,280 --> 01:09:18,240
Speaker 3: Bethhurst yet or not?

1431
01:09:19,320 --> 01:09:19,479
Speaker 19: Ah?

1432
01:09:19,600 --> 01:09:22,880
Speaker 13: Yeah, definitely now that the injury season's coming up, it's

1433
01:09:24,080 --> 01:09:26,880
Speaker 13: it's not far away, it's it's really it's the perfect

1434
01:09:26,880 --> 01:09:30,040
Speaker 13: opportunity to get big points and make a bit of

1435
01:09:30,040 --> 01:09:32,760
Speaker 13: a move in the championship. So it's it's important we

1436
01:09:32,840 --> 01:09:35,240
Speaker 13: got Garth on board and co driving with him is

1437
01:09:35,240 --> 01:09:37,920
Speaker 13: going to be really good. He's he's always pretty much

1438
01:09:37,960 --> 01:09:42,400
Speaker 13: falls when it comes to the two races, so we're definitely,

1439
01:09:42,920 --> 01:09:44,720
Speaker 13: you know, eyes on to it at the moment, trying

1440
01:09:44,720 --> 01:09:46,840
Speaker 13: to focus on that. But we've got to focus on

1441
01:09:46,840 --> 01:09:49,600
Speaker 13: getting Tasmania out of the lace first and sort of

1442
01:09:50,120 --> 01:09:53,800
Speaker 13: going good points here as well, because it's you don't

1443
01:09:54,000 --> 01:09:57,240
Speaker 13: and so easily you know, turn upside down when you

1444
01:09:57,320 --> 01:09:59,839
Speaker 13: just don't have the car quite right and you're battling

1445
01:09:59,880 --> 01:10:02,720
Speaker 13: and outside that top ten. It makes life pretty hard,

1446
01:10:02,800 --> 01:10:05,160
Speaker 13: So we've got a job to do here first, but

1447
01:10:05,280 --> 01:10:07,719
Speaker 13: then we'll be full focused on the on the standdown

1448
01:10:07,760 --> 01:10:08,240
Speaker 13: and past.

1449
01:10:08,439 --> 01:10:10,960
Speaker 3: So your fifth currently, what's a good year? I mean,

1450
01:10:11,000 --> 01:10:13,520
Speaker 3: obviously winning is a great year, but but but realistically,

1451
01:10:13,560 --> 01:10:14,640
Speaker 3: what would you be happy with?

1452
01:10:16,360 --> 01:10:19,160
Speaker 13: I think, you know, being I really want to stay

1453
01:10:19,160 --> 01:10:22,280
Speaker 13: inside the top five in the championship and and you know,

1454
01:10:22,680 --> 01:10:26,559
Speaker 13: fourth camp camps not far away. He's only fifty points away,

1455
01:10:26,640 --> 01:10:29,599
Speaker 13: so I think there's a possibility to get forth. But

1456
01:10:29,680 --> 01:10:32,000
Speaker 13: we're really going to need to be on top of

1457
01:10:32,000 --> 01:10:34,280
Speaker 13: our game before we want to try and you know,

1458
01:10:34,560 --> 01:10:36,479
Speaker 13: start making moves to it towards the front.

1459
01:10:36,520 --> 01:10:36,760
Speaker 11: Guys.

1460
01:10:36,840 --> 01:10:39,760
Speaker 13: We need to be in the top three every single race.

1461
01:10:39,800 --> 01:10:44,639
Speaker 13: So that's that's pretty tough. The competition is obviously very high,

1462
01:10:44,760 --> 01:10:47,519
Speaker 13: but yeah, in the top five for the championship. But

1463
01:10:47,600 --> 01:10:49,880
Speaker 13: I think for me would would be a good the

1464
01:10:50,040 --> 01:10:53,040
Speaker 13: result and trying to just you know, get the get

1465
01:10:53,080 --> 01:10:56,040
Speaker 13: the team's championship, get them as highest as we can

1466
01:10:56,080 --> 01:10:58,320
Speaker 13: as well, because that's that's important for us.

1467
01:10:58,520 --> 01:11:01,120
Speaker 3: You're still pinching yourself for you know, living the dream

1468
01:11:01,160 --> 01:11:03,439
Speaker 3: where you were sort of a hard, bitter old vet.

1469
01:11:03,520 --> 01:11:06,599
Speaker 13: Now I feel like I'm a little bit of a

1470
01:11:06,640 --> 01:11:09,880
Speaker 13: hard old guy, you know, just been in it the

1471
01:11:10,000 --> 01:11:13,800
Speaker 13: second year. But no, it's obviously pretty cool to be

1472
01:11:13,880 --> 01:11:16,760
Speaker 13: doing what I'm doing and you know, get to call

1473
01:11:16,840 --> 01:11:19,920
Speaker 13: this my job technically, but even though it still doesn't

1474
01:11:19,960 --> 01:11:22,920
Speaker 13: feel like a job. So I'm not sure if that

1475
01:11:23,040 --> 01:11:25,840
Speaker 13: day will ever come where I feel like it's it's worse.

1476
01:11:25,960 --> 01:11:29,120
Speaker 13: But I'm just enjoying it at the moment and trying

1477
01:11:29,120 --> 01:11:31,400
Speaker 13: to do the best thing I can to move forward

1478
01:11:31,439 --> 01:11:34,920
Speaker 13: each day and just trying to you know, get more

1479
01:11:35,000 --> 01:11:36,679
Speaker 13: wins and then get a better results.

1480
01:11:36,720 --> 01:11:38,519
Speaker 3: We'll go well with good to have you on the program.

1481
01:11:38,560 --> 01:11:41,160
Speaker 3: We'll talk again Matt Payne, who's part of the supercar

1482
01:11:41,600 --> 01:11:44,439
Speaker 3: crowd this coming weekend in Tasmania. Another great key. We're

1483
01:11:44,439 --> 01:11:46,759
Speaker 3: doing very well internationally. Eight twenty one.

1484
01:11:48,160 --> 01:11:51,240
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Speaker 3: Brother Mike, our daughter visits from overseas and works while here.

1508
01:12:55,360 --> 01:12:57,240
Speaker 3: She's incredibly hard working, and we get the bonus to

1509
01:12:57,240 --> 01:12:59,479
Speaker 3: spend quality time with her at night. Works perfectly. Would

1510
01:12:59,479 --> 01:13:00,960
Speaker 3: be a shamed to say that change because of a

1511
01:13:01,000 --> 01:13:03,840
Speaker 3: negative narrative. This is the quiet vacationing that we were

1512
01:13:03,840 --> 01:13:05,559
Speaker 3: talking about earlier on a lot of people sort of

1513
01:13:05,600 --> 01:13:07,640
Speaker 3: go on holiday and don't tell anybody about it. But

1514
01:13:07,640 --> 01:13:10,200
Speaker 3: because they're all on a computer anyway, they can just

1515
01:13:10,280 --> 01:13:13,120
Speaker 3: carry on, Mike, just like Health New Zealand. Wasn't that,

1516
01:13:13,200 --> 01:13:14,800
Speaker 3: Lester Leeb? You've got so much going on this morning,

1517
01:13:14,800 --> 01:13:16,320
Speaker 3: I forgot to mention the Lester Levy to be the

1518
01:13:16,320 --> 01:13:19,599
Speaker 3: health commissioner. You can understand, I mean, Mugie up has

1519
01:13:19,600 --> 01:13:21,080
Speaker 3: got to be for the high jump, doesn't she. I

1520
01:13:21,160 --> 01:13:25,800
Speaker 3: mean you really ultimately you cannot hold, although apparently she

1521
01:13:25,840 --> 01:13:30,360
Speaker 3: wasn't technically there, but her offsiders were. You cannot. I mean,

1522
01:13:30,400 --> 01:13:33,800
Speaker 3: every man and his dog knows that the promise has

1523
01:13:33,880 --> 01:13:38,200
Speaker 3: been made that the frontline and health will not be cut,

1524
01:13:39,040 --> 01:13:43,759
Speaker 3: and yet the higher ups hold a meeting complete with slides,

1525
01:13:44,000 --> 01:13:47,240
Speaker 3: looking to lay frontline people off. How does that even happen?

1526
01:13:47,479 --> 01:13:51,200
Speaker 3: How does functional is that? Unless, of course, you are

1527
01:13:51,240 --> 01:13:56,880
Speaker 3: either literally completely useless or Machabelian. And my suspicion is

1528
01:13:56,880 --> 01:13:59,639
Speaker 3: it's the latter, And I suspect that Lester has worked

1529
01:13:59,680 --> 01:14:01,120
Speaker 3: that out and a few people are going to have

1530
01:14:01,160 --> 01:14:04,120
Speaker 3: to get sacked Morning Mike. Just like Health new Zeller

1531
01:14:04,160 --> 01:14:06,799
Speaker 3: mentioning the front line, the Defense Force put out requests

1532
01:14:06,800 --> 01:14:09,479
Speaker 3: for voluntary redundancy. This is on top of uniform frontline

1533
01:14:09,520 --> 01:14:12,280
Speaker 3: personnel and short term contracts being let go, on top

1534
01:14:12,320 --> 01:14:14,879
Speaker 3: of the other measures as well. When every other country's

1535
01:14:14,960 --> 01:14:18,120
Speaker 3: up skilling, we're actively shutting down our force. Richard will

1536
01:14:18,120 --> 01:14:20,639
Speaker 3: inquire about that. The nearest we've got was the comment

1537
01:14:20,680 --> 01:14:23,880
Speaker 3: the other day that they're looking to invite expressions of

1538
01:14:23,880 --> 01:14:27,800
Speaker 3: interest on voluntary redundants for civilian workforce, which isn't the

1539
01:14:27,800 --> 01:14:29,240
Speaker 3: strike for us. So what they're looking to do is

1540
01:14:29,320 --> 01:14:31,640
Speaker 3: keep the ships, keep the aircraft, keep the equipment, and

1541
01:14:31,680 --> 01:14:33,880
Speaker 3: those who are ready to respond, in other words, the

1542
01:14:33,920 --> 01:14:36,240
Speaker 3: active members of the military. They got one hundred and

1543
01:14:36,280 --> 01:14:40,160
Speaker 3: thirty million dollars short as in dollars, So we'll make

1544
01:14:40,200 --> 01:14:42,599
Speaker 3: the inquiry and see whether that's been expanded at all,

1545
01:14:42,640 --> 01:14:45,639
Speaker 3: because that's another promise that's been made the frontline will

1546
01:14:45,680 --> 01:14:48,519
Speaker 3: not be effected. Let's go to Britain and catch up

1547
01:14:48,560 --> 01:14:50,639
Speaker 3: with roder Little right after the News, which is next

1548
01:14:51,080 --> 01:14:51,879
Speaker 3: heir of News.

1549
01:14:51,680 --> 01:14:59,080
Speaker 1: Talk said, Big News, Bold Opinions, the Mic Hosking Breakfast with.

1550
01:14:59,280 --> 01:15:03,360
Speaker 2: The Range row of the law designed to intrigue and use talks.

1551
01:15:03,080 --> 01:15:05,200
Speaker 3: He'd be earlier on I gave you some polls out

1552
01:15:05,200 --> 01:15:08,360
Speaker 3: of the US Rice. We see the Harris Party closing

1553
01:15:08,400 --> 01:15:11,160
Speaker 3: substantially and in some cases in these swing states taking over.

1554
01:15:11,240 --> 01:15:13,880
Speaker 3: We also reported earlier on this morning the Republican Party

1555
01:15:13,960 --> 01:15:16,680
Speaker 3: is increasingly worried about Trump and his ability on the

1556
01:15:16,720 --> 01:15:18,840
Speaker 3: campaign trial and making it personal and saying a whole

1557
01:15:18,840 --> 01:15:21,240
Speaker 3: lot of weird and random stuff and sort of basically

1558
01:15:21,920 --> 01:15:23,080
Speaker 3: not staying on topic.

1559
01:15:23,400 --> 01:15:24,200
Speaker 2: Now, this is a.

1560
01:15:24,160 --> 01:15:26,240
Speaker 19: Little bit different day because this isn't around.

1561
01:15:26,400 --> 01:15:27,240
Speaker 3: This is we're.

1562
01:15:27,000 --> 01:15:29,600
Speaker 16: Talking about a thing called the economy.

1563
01:15:30,080 --> 01:15:31,880
Speaker 12: They wanted to do a speech.

1564
01:15:31,560 --> 01:15:32,360
Speaker 2: You on the economy.

1565
01:15:32,360 --> 01:15:35,559
Speaker 19: A lot of people are very devastated by what's happened

1566
01:15:35,600 --> 01:15:37,800
Speaker 19: with inflation and all of the other things. So we're

1567
01:15:37,840 --> 01:15:40,439
Speaker 19: doing this as a intellectual speech.

1568
01:15:40,439 --> 01:15:41,920
Speaker 12: You're all intellectuals today.

1569
01:15:42,240 --> 01:15:46,120
Speaker 19: Today, we're doing it, and we're doing it right now,

1570
01:15:46,479 --> 01:15:50,200
Speaker 19: and it's very important. They say it's the most important subject.

1571
01:15:50,240 --> 01:15:52,040
Speaker 3: I think crime is right there. I think the border

1572
01:15:52,080 --> 01:15:52,559
Speaker 3: is right there.

1573
01:15:52,600 --> 01:15:55,760
Speaker 12: For personally, we have a lot of important.

1574
01:15:55,360 --> 01:15:57,280
Speaker 19: Subjects because our country has become a.

1575
01:15:57,240 --> 01:15:58,120
Speaker 3: Third world nation.

1576
01:15:58,280 --> 01:16:00,719
Speaker 19: We literally are a third world nation.

1577
01:16:02,520 --> 01:16:04,400
Speaker 22: Literally they're literally a third wild nation.

1578
01:16:04,560 --> 01:16:04,800
Speaker 18: Mine.

1579
01:16:04,880 --> 01:16:07,559
Speaker 3: Ashville, North Carolina is where he's at, so you can

1580
01:16:07,600 --> 01:16:10,240
Speaker 3: see the problem there. But fortunately he got it back together.

1581
01:16:10,439 --> 01:16:12,160
Speaker 2: This is a different kind of thing today.

1582
01:16:12,200 --> 01:16:16,000
Speaker 19: We're going to talk about one subject and then we'll

1583
01:16:16,040 --> 01:16:18,000
Speaker 19: start going back to the other because we sort.

1584
01:16:17,840 --> 01:16:18,799
Speaker 2: Of love that only.

1585
01:16:20,200 --> 01:16:22,400
Speaker 12: But it's an important, No, it's an important So they

1586
01:16:22,400 --> 01:16:24,040
Speaker 12: say it's the most important subject.

1587
01:16:24,120 --> 01:16:25,640
Speaker 16: I'm not sure it is, but they say it's the

1588
01:16:25,640 --> 01:16:26,240
Speaker 16: most important.

1589
01:16:26,280 --> 01:16:30,439
Speaker 19: Sort inflation is the most important, but that's part of economy, okay.

1590
01:16:30,960 --> 01:16:34,439
Speaker 3: So then he actually got back to what he loves,

1591
01:16:34,600 --> 01:16:35,599
Speaker 3: bashing up other people.

1592
01:16:35,680 --> 01:16:38,320
Speaker 19: Kamala Harris wants to be in charge of the entire

1593
01:16:38,439 --> 01:16:40,120
Speaker 19: US economy, but neither.

1594
01:16:39,960 --> 01:16:42,960
Speaker 16: She nor her running mate is said to the beauty.

1595
01:16:43,000 --> 01:16:53,720
Speaker 16: Isn't he he signed a bill he wants tampons in boys' bathrooms?

1596
01:16:53,800 --> 01:16:54,519
Speaker 8: I don't think so.

1597
01:16:55,320 --> 01:17:03,719
Speaker 1: TAMPI National correspondence with Insie Eye Insurance peace of mind

1598
01:17:03,760 --> 01:17:04,839
Speaker 1: for New Zealand business.

1599
01:17:04,880 --> 01:17:06,800
Speaker 3: You know I wouldn't like that. You certainly don't grow

1600
01:17:06,840 --> 01:17:09,880
Speaker 3: you right UK bound Rod little Morning Mac who well

1601
01:17:09,920 --> 01:17:13,400
Speaker 3: and tune make Now we've talked about this before. Explain

1602
01:17:13,479 --> 01:17:16,040
Speaker 3: to me what it is? Nine million plus so you've

1603
01:17:16,040 --> 01:17:19,719
Speaker 3: got sixty six ish million people in the Great United Kingdom,

1604
01:17:20,200 --> 01:17:24,800
Speaker 3: of whom nine million plus are not only without money,

1605
01:17:24,880 --> 01:17:26,439
Speaker 3: but they're not even looking for work.

1606
01:17:26,680 --> 01:17:32,280
Speaker 20: Yeah, nine point five million, it's just gone up. So, yes,

1607
01:17:33,360 --> 01:17:36,160
Speaker 20: this is remarkable. This is people aged between eighteen and

1608
01:17:36,200 --> 01:17:40,559
Speaker 20: sixty five. Some of that number is taken up with

1609
01:17:40,800 --> 01:17:47,559
Speaker 20: perfectly legitimate stuff like students going to university, and some

1610
01:17:47,640 --> 01:17:50,200
Speaker 20: of it is taken up by people taking early retirement.

1611
01:17:50,960 --> 01:17:54,160
Speaker 20: But there's still a residue of four to five million

1612
01:17:54,200 --> 01:17:57,920
Speaker 20: people who simply haven't gone back to work or haven't

1613
01:17:57,960 --> 01:18:02,880
Speaker 20: started work. And the figures from the Office for National

1614
01:18:02,880 --> 01:18:08,080
Speaker 20: Statistics are pretty chilly that you know, this is something

1615
01:18:08,080 --> 01:18:12,280
Speaker 20: which dates back to the furlough times of the COVID pandemic,

1616
01:18:12,720 --> 01:18:16,120
Speaker 20: that we simply haven't got back into the idea that

1617
01:18:16,160 --> 01:18:19,439
Speaker 20: we ought to go out to work. Now. My suspicion

1618
01:18:19,520 --> 01:18:21,080
Speaker 20: is a couple of things that are blamed for this.

1619
01:18:21,640 --> 01:18:25,839
Speaker 20: We continue to import foreign labor and an even greater

1620
01:18:26,000 --> 01:18:29,160
Speaker 20: rate than we did when we were in the European Union,

1621
01:18:30,080 --> 01:18:32,879
Speaker 20: and so one of the figures which stands out today

1622
01:18:33,000 --> 01:18:37,240
Speaker 20: is that there are a million fewer British people working

1623
01:18:37,280 --> 01:18:41,679
Speaker 20: today British born people working today than there were there

1624
01:18:41,840 --> 01:18:46,400
Speaker 20: five years ago, and a million more foreign born workers

1625
01:18:46,439 --> 01:18:50,080
Speaker 20: working today. So that does two things. One thing, it

1626
01:18:50,160 --> 01:18:52,720
Speaker 20: tells you who's doing the work in the country. It

1627
01:18:52,760 --> 01:18:56,519
Speaker 20: also tells you that wages are being kept artificially low

1628
01:18:57,000 --> 01:19:01,120
Speaker 20: through the consequence of hiring foreign labor. And this is

1629
01:19:01,160 --> 01:19:05,160
Speaker 20: a huge problem, Mike, because while undoubtedly some people are

1630
01:19:05,240 --> 01:19:08,760
Speaker 20: bone idle I'm sure, and others a lot of them

1631
01:19:08,920 --> 01:19:12,280
Speaker 20: cite illness, are mental illness has reasons for not working.

1632
01:19:12,880 --> 01:19:14,760
Speaker 20: One of the main reasons people don't go out to

1633
01:19:14,800 --> 01:19:18,240
Speaker 20: work is that there is scant incentive for them to

1634
01:19:18,280 --> 01:19:20,600
Speaker 20: go out to work given the level of benefits that

1635
01:19:20,640 --> 01:19:22,800
Speaker 20: we have and the low ranges that we have.

1636
01:19:23,400 --> 01:19:27,200
Speaker 3: So what is a labor government of the political disposition

1637
01:19:27,320 --> 01:19:29,799
Speaker 3: to do something about it? Either by you know, creating

1638
01:19:29,800 --> 01:19:32,640
Speaker 3: a greater gap between welfare and a job, or do

1639
01:19:32,720 --> 01:19:34,840
Speaker 3: they increase the test for people who aren't in work

1640
01:19:34,880 --> 01:19:37,200
Speaker 3: and go run saying make you've been unemployed for nine months, now,

1641
01:19:37,240 --> 01:19:38,080
Speaker 3: what are you doing about it?

1642
01:19:38,720 --> 01:19:41,200
Speaker 20: They don't seem to be doing anything about it at

1643
01:19:41,240 --> 01:19:44,240
Speaker 20: the moment. Rachel Reeves, a Chancewer of the Exchequer, has said,

1644
01:19:44,840 --> 01:19:46,960
Speaker 20: if you're able to work, you should go out to work.

1645
01:19:46,960 --> 01:19:49,479
Speaker 20: But that's all she's done. She has put nothing in

1646
01:19:49,560 --> 01:19:53,600
Speaker 20: place to actually ensure that this comes about. Now, you know,

1647
01:19:53,640 --> 01:19:55,360
Speaker 20: there are many ways to do it. One of them

1648
01:19:55,360 --> 01:19:58,920
Speaker 20: would be to cut down immigration substantially. Another would be

1649
01:19:59,120 --> 01:20:03,360
Speaker 20: to to clamp down on benefits, not to have them

1650
01:20:03,479 --> 01:20:06,679
Speaker 20: rise in line with inflation, as has been the case.

1651
01:20:07,800 --> 01:20:10,479
Speaker 20: And you know a third monet be to have a

1652
01:20:10,520 --> 01:20:13,920
Speaker 20: word with the doctors and say, are you absolutely certain

1653
01:20:13,920 --> 01:20:17,160
Speaker 20: that these people you're signing off sick or sick? But

1654
01:20:17,400 --> 01:20:19,320
Speaker 20: none of those have been mentioned because of course, this

1655
01:20:19,880 --> 01:20:23,960
Speaker 20: plays very badly with the labor left that we shouldn't

1656
01:20:24,000 --> 01:20:27,200
Speaker 20: be persecuting people who can't work, because the labor left

1657
01:20:27,240 --> 01:20:31,160
Speaker 20: believes that all of them can't work for very good reasons,

1658
01:20:31,160 --> 01:20:32,800
Speaker 20: not that they're swinging the lead.

1659
01:20:33,320 --> 01:20:37,000
Speaker 3: Funny story earlier on Triva. He's a blake called Triver.

1660
01:20:37,120 --> 01:20:39,640
Speaker 3: He was one of the people who got jailed in Southport.

1661
01:20:39,840 --> 01:20:42,960
Speaker 3: He was not at work, we found out in court

1662
01:20:43,280 --> 01:20:45,559
Speaker 3: before he was sentenced to jail. He was not at

1663
01:20:45,560 --> 01:20:48,240
Speaker 3: work due to his lower back difficulties and the pain

1664
01:20:48,280 --> 01:20:50,160
Speaker 3: of not being able to work. But he did manage

1665
01:20:50,160 --> 01:20:52,160
Speaker 3: to get down to the local hotel to throw a

1666
01:20:52,160 --> 01:20:54,400
Speaker 3: couple of sophas through the window. Are there a lot

1667
01:20:54,400 --> 01:20:55,240
Speaker 3: of those sort of people.

1668
01:20:56,160 --> 01:20:59,000
Speaker 20: There's a lot of that going around, an awful lot

1669
01:20:59,040 --> 01:21:02,240
Speaker 20: of that going around, and you know, the left, and

1670
01:21:02,760 --> 01:21:04,680
Speaker 20: to a degree the government will tell you that that

1671
01:21:04,840 --> 01:21:07,559
Speaker 20: that's not the major problem. That's not the major problem.

1672
01:21:07,600 --> 01:21:11,599
Speaker 20: The people who who people want to go to work,

1673
01:21:11,640 --> 01:21:13,760
Speaker 20: it's just that they're so ill that they can't do it.

1674
01:21:14,880 --> 01:21:19,880
Speaker 20: That is not believed by the majority of working people

1675
01:21:19,920 --> 01:21:24,120
Speaker 20: in this country. And also, and it greats terribly, particularly

1676
01:21:24,160 --> 01:21:27,320
Speaker 20: with people who used to be labor voters, when they

1677
01:21:27,439 --> 01:21:29,680
Speaker 20: come back after doing the hard day's work for a

1678
01:21:29,680 --> 01:21:33,280
Speaker 20: low wage and see the people next door with all

1679
01:21:33,320 --> 01:21:36,800
Speaker 20: the accouterments that they have, you know, a nice pot car,

1680
01:21:37,080 --> 01:21:41,920
Speaker 20: great computer devices and so on, doing nothing all day.

1681
01:21:42,040 --> 01:21:45,080
Speaker 20: It really really great. So of course it's damaging to

1682
01:21:45,160 --> 01:21:45,800
Speaker 20: the economy.

1683
01:21:45,920 --> 01:21:48,240
Speaker 18: But yeah, there'll be quite a few like Trevor around

1684
01:21:49,200 --> 01:21:50,080
Speaker 18: related matters.

1685
01:21:50,080 --> 01:21:52,240
Speaker 3: This woman who got fifteen months for saying that we

1686
01:21:52,280 --> 01:21:54,519
Speaker 3: need to burn a mosque down? Is this what you've

1687
01:21:54,520 --> 01:21:56,240
Speaker 3: been referring to in the last couple of weeks, And

1688
01:21:56,439 --> 01:21:58,400
Speaker 3: these are I mean, would you normally get fifteen months

1689
01:21:58,400 --> 01:21:59,679
Speaker 3: for saying you want to burn a mosk down?

1690
01:22:00,320 --> 01:22:02,600
Speaker 20: No, and I think this is a bit of a problem.

1691
01:22:03,160 --> 01:22:05,080
Speaker 20: It's not a nice thing to say. She said, we

1692
01:22:05,080 --> 01:22:08,120
Speaker 20: should burn a mosque down and leave the adults inside.

1693
01:22:08,479 --> 01:22:14,920
Speaker 20: She said it on a social media post and isn't renowned, apparently,

1694
01:22:14,960 --> 01:22:17,840
Speaker 20: according to the court, for saying things like this. She

1695
01:22:18,000 --> 01:22:20,599
Speaker 20: said it, as the court accepted, in a fit of anger.

1696
01:22:21,800 --> 01:22:24,360
Speaker 20: It seems to me that, you know, if you're trying

1697
01:22:24,400 --> 01:22:28,240
Speaker 20: to dampen down the rancor and anger on both sides

1698
01:22:29,760 --> 01:22:35,280
Speaker 20: in this horrible bunch of riots, if we're trying to

1699
01:22:36,120 --> 01:22:39,679
Speaker 20: impose a little bit of quiescence, then handing out fifteen

1700
01:22:39,680 --> 01:22:44,680
Speaker 20: month sentences to a grandmother simply for saying something injudicious

1701
01:22:45,000 --> 01:22:47,919
Speaker 20: on a social media website, it's just going to inflame

1702
01:22:47,960 --> 01:22:52,160
Speaker 20: more people, I suspect. I think it's a mistaken policy,

1703
01:22:53,040 --> 01:22:55,280
Speaker 20: she cried as she was led away to the court.

1704
01:22:55,680 --> 01:22:58,080
Speaker 20: I guess you'll only serve four or five months, but

1705
01:22:58,600 --> 01:23:01,920
Speaker 20: nonetheless doing castle, especially as we kind of have no

1706
01:23:02,120 --> 01:23:06,640
Speaker 20: prison places left, it seems to be a degree of

1707
01:23:06,720 --> 01:23:07,840
Speaker 20: owever reach, if I.

1708
01:23:07,880 --> 01:23:09,840
Speaker 3: Can put it like that, all right, mate, you go well,

1709
01:23:09,960 --> 01:23:11,720
Speaker 3: have a good weekend and we'll see next Tuesday. Rod

1710
01:23:11,760 --> 01:23:14,360
Speaker 3: Little just on related matters quickly before we leave that

1711
01:23:14,400 --> 01:23:16,200
Speaker 3: part of the world. As a photo journalist called Joel

1712
01:23:16,200 --> 01:23:19,400
Speaker 3: Goodman who took a whole bunch of photos of the rioters.

1713
01:23:19,439 --> 01:23:21,120
Speaker 3: The police have been in contact with him and said, look,

1714
01:23:21,120 --> 01:23:22,320
Speaker 3: can you give us some of the photos so we

1715
01:23:22,360 --> 01:23:24,080
Speaker 3: can work out who these people are? He says no,

1716
01:23:24,880 --> 01:23:27,040
Speaker 3: so that's probably going to go to court. The government

1717
01:23:27,040 --> 01:23:29,719
Speaker 3: have weighed in again with a thing that government's always

1718
01:23:29,720 --> 01:23:32,839
Speaker 3: weigh in with. They're considering a review of online safety

1719
01:23:32,840 --> 01:23:35,639
Speaker 3: and the Online Safety Act tougher on disinformation, hate speech

1720
01:23:35,720 --> 01:23:38,519
Speaker 3: and incitement to violence. We'll see where that goes, if

1721
01:23:38,760 --> 01:23:41,280
Speaker 3: anywhere do we good to nine.

1722
01:23:42,000 --> 01:23:45,320
Speaker 1: The like asking Breakfast Full Show podcast on I have

1723
01:23:45,560 --> 01:23:47,440
Speaker 1: radio powered by news talks.

1724
01:23:47,160 --> 01:23:50,040
Speaker 3: At b Weird Thing twelve and tway from nine. I

1725
01:23:50,080 --> 01:23:55,360
Speaker 3: understand people to collect stuff, but Charles King they put

1726
01:23:55,439 --> 01:23:58,280
Speaker 3: up some notes because his face has just turned up

1727
01:23:58,320 --> 01:24:01,200
Speaker 3: on the banknotes in Britain and he sold a bunch

1728
01:24:01,240 --> 01:24:04,120
Speaker 3: of them off for charity and that collected eleven times

1729
01:24:04,120 --> 01:24:06,360
Speaker 3: what they're actually worth face value. So there were fives, tens,

1730
01:24:06,400 --> 01:24:10,160
Speaker 3: twenties and fifties entered circulation in June and what they

1731
01:24:10,200 --> 01:24:14,280
Speaker 3: were after with these low serial number bank notes. Put

1732
01:24:14,280 --> 01:24:17,320
Speaker 3: them under the hammer. A single ten a tenor went

1733
01:24:17,360 --> 01:24:21,240
Speaker 3: for seventeen thousand pounds. Now it was number HBO one

1734
01:24:22,000 --> 01:24:26,240
Speaker 3: zero zero zero zero zero two. The sheet of forty

1735
01:24:26,280 --> 01:24:29,960
Speaker 3: connected fifties face value two thousand pounds sold for twenty

1736
01:24:30,000 --> 01:24:32,160
Speaker 3: six thousand pounds, which is a record by the way

1737
01:24:32,160 --> 01:24:34,760
Speaker 3: of any Bank of England action ever. In total they

1738
01:24:34,840 --> 01:24:37,559
Speaker 3: raised nine hundred and fourteen one hundred and twenty seven pounds,

1739
01:24:37,560 --> 01:24:40,639
Speaker 3: a lot of money. And so what the collectors collect

1740
01:24:40,640 --> 01:24:43,240
Speaker 3: and this is the part I never understood. Ten charities,

1741
01:24:43,280 --> 01:24:47,160
Speaker 3: everything from the Brain Tumor Charity to Shout to the

1742
01:24:47,400 --> 01:24:50,880
Speaker 3: Childhood Trust, to the Samaritans. First time the monarch. And

1743
01:24:50,960 --> 01:24:52,439
Speaker 3: here's the other thing I hadn't done said the first

1744
01:24:52,439 --> 01:24:54,679
Speaker 3: time the monarch has changed on the Bank of England

1745
01:24:54,680 --> 01:24:56,760
Speaker 3: notes because the Queen was the first monic ever on

1746
01:24:56,800 --> 01:24:59,160
Speaker 3: the notes. Before she got stuck on the notes, they

1747
01:24:59,160 --> 01:25:01,320
Speaker 3: didn't have monics on the notes. They still don't have

1748
01:25:01,320 --> 01:25:03,559
Speaker 3: monis on the notes in Scotland because you know what

1749
01:25:03,560 --> 01:25:05,960
Speaker 3: they're like in Scotland. You know, here's the point. If

1750
01:25:06,000 --> 01:25:10,040
Speaker 3: you are a collector of banknotes and you get HBO

1751
01:25:10,240 --> 01:25:14,840
Speaker 3: one zero zero zero zero zero one. Then that's cool

1752
01:25:14,880 --> 01:25:16,360
Speaker 3: because that's the first note. You got to look at that.

1753
01:25:16,400 --> 01:25:19,160
Speaker 3: It's first notes, the original. I get that. But any

1754
01:25:19,280 --> 01:25:23,200
Speaker 3: number beyond that is just another number, isn't it? Why

1755
01:25:23,200 --> 01:25:27,240
Speaker 3: would you pay thousands of pounds for something that really

1756
01:25:27,280 --> 01:25:31,000
Speaker 3: isn't that ordinary? Is number two that much rarer than

1757
01:25:31,080 --> 01:25:33,120
Speaker 3: number three thousand, two hundred and fifty seven?

1758
01:25:33,200 --> 01:25:33,360
Speaker 13: No?

1759
01:25:33,600 --> 01:25:35,880
Speaker 22: I often think that with personalized plates, because people quite

1760
01:25:35,920 --> 01:25:39,400
Speaker 22: often do that. You know they'll have double O seven,

1761
01:25:40,080 --> 01:25:46,560
Speaker 22: but it will actually be zero zero seven. That's not

1762
01:25:46,600 --> 01:25:47,200
Speaker 22: as cool.

1763
01:25:47,080 --> 01:25:49,240
Speaker 3: People in their money a it's weird. Nine Away from.

1764
01:25:49,200 --> 01:25:54,519
Speaker 1: Nine costume Breakfast with a Veta retirement Communities.

1765
01:25:54,080 --> 01:25:56,639
Speaker 3: News Away from nine. Forgot to mention a very good

1766
01:25:56,640 --> 01:25:59,920
Speaker 3: piece in the Herald yesterday, well worth reading by Jacquelin Rowath,

1767
01:26:00,040 --> 01:26:04,120
Speaker 3: who's doctor Jacqueline Roath who's on the program periodically, but

1768
01:26:04,160 --> 01:26:06,679
Speaker 3: she's najenk professor at Lincoln University. And then she's talking

1769
01:26:06,680 --> 01:26:11,559
Speaker 3: about the international reputation and the reported job when it

1770
01:26:11,600 --> 01:26:14,040
Speaker 3: comes to the farming sector, a sector that's worth fifty

1771
01:26:14,080 --> 01:26:16,439
Speaker 3: four and a half as she points out billion dollars

1772
01:26:17,160 --> 01:26:19,880
Speaker 3: to this country. The headline she focused in on was

1773
01:26:19,920 --> 01:26:23,680
Speaker 3: a roytist headline New Zealand scraps clean green policies to

1774
01:26:23,720 --> 01:26:26,920
Speaker 3: boost economy could, in my view, be the result of

1775
01:26:26,920 --> 01:26:30,080
Speaker 3: a desire to boost clicking and internet traffic. But the

1776
01:26:30,160 --> 01:26:32,720
Speaker 3: language has the potential to be a visit she makes.

1777
01:26:32,920 --> 01:26:35,439
Speaker 3: It's a very good piece and very well worth reading,

1778
01:26:35,479 --> 01:26:38,439
Speaker 3: and it gives you an insight into how New Zealand

1779
01:26:38,479 --> 01:26:42,280
Speaker 3: seen internationally, just how macavelian at times the media is,

1780
01:26:42,360 --> 01:26:44,080
Speaker 3: and how we've got to be very careful about these

1781
01:26:44,120 --> 01:26:46,160
Speaker 3: sort of things now quickly. On the defense, Sammy's big

1782
01:26:46,200 --> 01:26:47,960
Speaker 3: job today is ring the Defense Department and find out

1783
01:26:48,000 --> 01:26:50,880
Speaker 3: what's going on with the so called frontline. Mike, don't

1784
01:26:50,920 --> 01:26:54,360
Speaker 3: be fooled by the spin from NZDF around civilians versus

1785
01:26:54,439 --> 01:26:57,640
Speaker 3: uniform personnel. Many of the civilians contractors they're looking to

1786
01:26:57,640 --> 01:27:00,320
Speaker 3: make redundant directly support the front line. On the flop side.

1787
01:27:00,360 --> 01:27:02,519
Speaker 3: They seem blind to look at the senior management within

1788
01:27:02,560 --> 01:27:05,479
Speaker 3: the uniform staff. As an example, are in ZAF has

1789
01:27:05,520 --> 01:27:08,559
Speaker 3: seventy nine wing commanders and twenty group captains, but only

1790
01:27:08,640 --> 01:27:13,679
Speaker 3: has eighty sergeant Aircraft Mechanics frontline supervisors actually producing the work.

1791
01:27:13,920 --> 01:27:17,519
Speaker 3: The top heavy structures unbelievable and I cannot understand why

1792
01:27:17,520 --> 01:27:19,439
Speaker 3: the government hasn't stepped in like they have with help.

1793
01:27:19,960 --> 01:27:22,439
Speaker 3: It'll have something to do with the appointment in the

1794
01:27:22,439 --> 01:27:24,600
Speaker 3: way they operate. And the military is my guest, but

1795
01:27:25,439 --> 01:27:27,800
Speaker 3: a big Sammy's onto it. And if there's a man

1796
01:27:27,840 --> 01:27:30,559
Speaker 3: for the job, it's Sami. That's what I say. There's

1797
01:27:30,560 --> 01:27:32,360
Speaker 3: a saying around here. Well, if there's a man for

1798
01:27:32,400 --> 01:27:34,639
Speaker 3: the job, it's Sami. It's a well known saying. Here

1799
01:27:35,760 --> 01:27:39,040
Speaker 3: said be five minutes away from nine Trending.

1800
01:27:38,840 --> 01:27:42,559
Speaker 1: Now warehouse, the real house of frequency.

1801
01:27:42,840 --> 01:27:47,479
Speaker 3: Google's hold. It's made by Google Events and new phones yes, watches, yes,

1802
01:27:47,560 --> 01:27:51,519
Speaker 3: earbuds are They're also talking AI. So Google's AI is

1803
01:27:51,520 --> 01:27:54,240
Speaker 3: called Gemini and now they've got a chat feature called

1804
01:27:54,280 --> 01:27:59,880
Speaker 3: Gemini Live. Now Android authorities see Scott Brown, What are

1805
01:27:59,880 --> 01:28:02,879
Speaker 3: they do that in America? He put it to the taste.

1806
01:28:02,960 --> 01:28:05,080
Speaker 23: I am looking for a new video game to play.

1807
01:28:05,360 --> 01:28:08,479
Speaker 23: My favorite game I'm playing right now is Horizon Forbidden West.

1808
01:28:08,720 --> 01:28:11,000
Speaker 23: What might you suggest I should check out in the future.

1809
01:28:11,080 --> 01:28:13,559
Speaker 24: Since you like Horizon for Bidden the West, maybe you'd

1810
01:28:13,600 --> 01:28:16,080
Speaker 24: be in to other action adventures with rich stories. And

1811
01:28:16,200 --> 01:28:19,320
Speaker 24: that sounds good. Have you ever played the Wichard three?

1812
01:28:19,439 --> 01:28:22,479
Speaker 24: It's known for amazing characters, a huge world to explore,

1813
01:28:22,800 --> 01:28:25,920
Speaker 24: and tons of fantasy creatures. Or if you want something

1814
01:28:25,920 --> 01:28:28,280
Speaker 24: a little more recent, you could try out elden Ring.

1815
01:28:28,680 --> 01:28:30,960
Speaker 23: I think elden Ring is too difficult for me. Maybe

1816
01:28:31,040 --> 01:28:33,080
Speaker 23: can you give me something that's a little easier to play?

1817
01:28:33,200 --> 01:28:35,240
Speaker 24: In that case, have you ever thought about trying out

1818
01:28:35,280 --> 01:28:38,120
Speaker 24: Ghost of Sushima. It came out in twenty twenty, and

1819
01:28:38,160 --> 01:28:40,800
Speaker 24: it's like a samurai adventure set in feudal Japan. The

1820
01:28:40,880 --> 01:28:45,280
Speaker 24: combat's really satisfying and the scenery is absolutely gorgeous. Also,

1821
01:28:45,560 --> 01:28:47,720
Speaker 24: if you like the machine creatures and horizon, maybe you'd

1822
01:28:47,760 --> 01:28:49,520
Speaker 24: enjoyed the Horizon's Ear of Dawn?

1823
01:28:50,520 --> 01:28:51,000
Speaker 3: Did you eat it?

1824
01:28:51,120 --> 01:28:51,200
Speaker 4: That?

1825
01:28:51,280 --> 01:28:53,160
Speaker 3: So they came back with the answer as quickly as

1826
01:28:53,160 --> 01:28:56,839
Speaker 3: it seemed. That's pretty good. No, it was, yeah, I impression.

1827
01:28:57,320 --> 01:28:59,160
Speaker 22: Obviously, we have no idea what they're doing about its

1828
01:28:59,200 --> 01:29:02,320
Speaker 22: same you were just talking about before. Who does like

1829
01:29:02,360 --> 01:29:06,120
Speaker 22: playing engaging game? He was nodding and going, yeah, yeah,

1830
01:29:06,240 --> 01:29:07,280
Speaker 22: she knows what she's talking.

1831
01:29:07,240 --> 01:29:10,240
Speaker 3: So she's right, Okay, that's interesting. Annoying voice, In fact,

1832
01:29:10,240 --> 01:29:12,760
Speaker 3: both of them had annoying voices. Is there my part

1833
01:29:12,760 --> 01:29:15,479
Speaker 3: in question for the morning, Is there a single person

1834
01:29:15,560 --> 01:29:20,479
Speaker 3: associated with tech who doesn't have an annoying frog like voice?

1835
01:29:22,080 --> 01:29:24,680
Speaker 3: And should I call myself M Bob Hosking? I mean,

1836
01:29:24,720 --> 01:29:26,080
Speaker 3: is that what you like the Americans did? What do

1837
01:29:26,160 --> 01:29:29,760
Speaker 3: I call myself? I'd just call myself in Bob Good

1838
01:29:29,760 --> 01:29:33,840
Speaker 3: All in Bob Back tomorrow morning from six as always,

1839
01:29:33,840 --> 01:29:45,000
Speaker 3: Happy Days.

1840
01:29:49,400 --> 01:29:52,320
Speaker 1: For more from the Mic Asking Breakfast, listen live to

1841
01:29:52,439 --> 01:29:55,519
Speaker 1: news talks that'd be from six am weekdays, or follow

1842
01:29:55,560 --> 01:29:57,120
Speaker 1: the podcast on iHeartRadio