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Speaker 1: Digging through the spin spence to find the real story.

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Speaker 1: Or it's Ryan Bridge on hither duplicy Ellen Drive with

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Speaker 1: one New Zealand. Let's get connected.

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Speaker 2: And news talks. They'd be good.

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Speaker 3: Afternoon Wednesday, the ninth of April, is just gone seven

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Speaker 3: after four the ocr how low will they go post

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Speaker 3: Trump tariffs? Will ask that question after five wool is

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Speaker 3: in synthetics are out according to the government. We'll speak

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Speaker 3: to a key we exported from the Naki who's got

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Speaker 3: product on the water right now getting to the United States.

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Speaker 3: He's been negotiating with his buyers to pass on that

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Speaker 3: ten percent. We'll find out whether he's managed to do it.

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Speaker 3: Plus throw away your tesla's, your iconics and your leafs.

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Speaker 3: Evs are apparently driving up carbon emissions, which is not

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Speaker 3: what they're supposed to do.

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Speaker 4: Right.

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Speaker 3: We'll have that story for you later in.

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Speaker 2: The show, Ryan Bridge.

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Speaker 3: So the Reserve Bank did the predictable thing today and

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Speaker 3: cut twenty five basis points. Good news for mortgage holders,

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Speaker 3: good news for the economy. More money in our pockets

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Speaker 3: and more money to spend. It's not going to change

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Speaker 3: the world. It's a quarter of a percent on a

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Speaker 3: wholesale rate, and a wholesale rate is only a portion

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Speaker 3: of the bank's rate, and the bank's rate only matters

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Speaker 3: if you haven't already fixed, and as a five minutes ago,

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Speaker 3: the banks haven't budged on fixed rates, only on floating.

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Speaker 3: The bank's swap rates are probably more important here and

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Speaker 3: at the moment. We'll get more on that later in

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Speaker 3: the program, but for now, it is the general direction

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Speaker 3: of rates that we like the sound of. This is good.

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Speaker 3: Loosening lowering, the direction of travel, to steal a term

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Speaker 3: from decinder Adern is good. Our disposable income is going

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Speaker 3: up great. But of course the question then becomes, will

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Speaker 3: we actually spend it. Are we now so worried about

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Speaker 3: trigger happy Trump and as tariffs that we don't go

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Speaker 3: and get the new couch, or we don't upgrade the car,

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Speaker 3: not that it should be a tesla or an iconic anyway,

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Speaker 3: or maybe we don't go and get the kids back

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Speaker 3: into ballet class because the subs were too expensive during

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Speaker 3: the cost of living crisis. The answer to that question

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Speaker 3: is at this point we actually just don't know, because

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Speaker 3: we haven't had any confidence surveys for the past week.

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Speaker 3: But if Trump doesn't start doing deals soon, then my

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Speaker 3: bet is people will start pulling back a bit, maybe

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Speaker 3: not all the way, but enough to slow an economic

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Speaker 3: recovery down. Just talk to your friends and your family

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Speaker 3: and ask them how they're feeling about things at the moment.

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Speaker 3: So there's reason to be wary, but one mustn't be

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Speaker 3: ungrateful when inflation is beat the government's talking about growth

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Speaker 3: a budget surplus rather than more borrowing. You've got to

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Speaker 3: take the winds when you get them, no matter how small,

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Speaker 3: teeny tiny they may be.

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Speaker 2: Brian Bridgeley nine.

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Speaker 3: Minutes after four. So Benjamin Doyle has been at Parliament

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Speaker 3: explaining themselves over the bussy question. The Instagram posts you

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Speaker 3: will know all about this. Here's what they had to say.

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Speaker 5: The words I used in my private account historically were

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Speaker 5: not sexual words. They were nicknames and references to myself.

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Speaker 5: Recognize that a lot of people won't know the word bussy,

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Speaker 5: and so they'll be hearing about it for the first

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Speaker 5: time now, and that some people don't use or like

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Speaker 5: it or have a particular definition. Every time I have

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Speaker 5: ever used that term, it has been a reference to

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Speaker 5: me and my nickname. It's a nickname or like a

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Speaker 5: drag persona. It's a caricature of myself.

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Speaker 3: So that's the reasoning, the rationale. Take from that what

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Speaker 3: you will, and I'm assuming both sides of this will

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Speaker 3: take from that what they will. Ten minutes after four,

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Speaker 3: now we're going to a story with a headline that

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Speaker 3: probably doesn't get much worse. I don't think this is

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Speaker 3: a One News story from last night. National MP Hamish

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Speaker 3: Campbell is part of a secretive religious group that's being

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Speaker 3: investigated for alleged child abuse here and abroad. The group

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Speaker 3: is no official name, but has been called the two

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Speaker 3: by Twos and the Truth. Hamish told One News in

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Speaker 3: this story that he's got no knowledge of any abuse.

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Speaker 6: Look, I think kind of for any accusations, I I

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Speaker 6: think the best place for that is the police.

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Speaker 3: Peter Linen was in the story. He's a massive university

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Speaker 3: religious expert with us this afternoon.

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Speaker 7: Hi Peter, how are you going round?

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Speaker 8: Yeah?

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Speaker 4: Good?

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Speaker 3: Thank you? How did you you obviously saw that piece

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Speaker 3: last night? How did you think? Because to put someone's

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Speaker 3: name in there, and you know, in the headline with

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Speaker 3: child abuse, it's pretty pretty serious stuff. I mean, are

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Speaker 3: you confident that there's enough information around this to be

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Speaker 3: doing that.

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Speaker 9: I think there's probably a misunderstanding in the way that

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Speaker 9: the one story seemed to stack up. Yes, Hamish Campbell

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Speaker 9: is a member. It would appear of the two x

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Speaker 9: two's or whatever we will call them. Every book I've

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Speaker 9: got on the subject, and I've got seven books named

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Speaker 9: them with.

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Speaker 10: A different name. So it's a bit hard to be sure.

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Speaker 9: But you see, the abuse is by specific people, which

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Speaker 9: is alleged against them. In the church, they had these too,

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Speaker 9: They had these missionaries who go out in pairs and

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Speaker 9: they're usually almost always single males, one older and one younger,

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Speaker 9: and there have been allegations that some of the missionaries

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Speaker 9: have been involved in abuse. And the only aspect that

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Speaker 9: is concerning for people in the group is this that

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Speaker 9: because it's so secretive, it's sort of created, and because

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Speaker 9: the two by two preachers, the go preachers are held

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Speaker 9: in such respect that probably an abused person's story would

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Speaker 9: not be believed. And I think that's what's been happening.

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Speaker 9: That's certainly true of the FBI stories.

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Speaker 3: Right, So it's not I mean, to your knowledge, there's nothing.

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Speaker 3: You would just ask questions about this particular group rather

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Speaker 3: than about this national imp themselves. So you're you're talking

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Speaker 3: about the group itself. We know, so are they definitely

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Speaker 3: being investigated by police? Are they here in New Zealand?

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Speaker 9: Specific there have been specific complaints against specific people, some

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Speaker 9: of them are historic. I believe at least one of

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Speaker 9: them is dead. So it's going back. The group's been

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Speaker 9: around in New Zealand, remember, for more than a hundred years,

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Speaker 9: and people have because it's now become an atmosphere after

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Speaker 9: the Royal Commission where you can talk about sex abuse

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Speaker 9: for the first time, they come forward with their stories

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Speaker 9: and that's been just what has made the police very interested.

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Speaker 9: There are other issues, of course with the group. I

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Speaker 9: mean I've met various survivors of the group. Some came

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Speaker 9: out pretty well, some came out spectacularly well. There was

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Speaker 9: some very well known names in bold with the group

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Speaker 9: at times.

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Speaker 10: But some have.

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Speaker 9: Struggled with suicide, with other traumas in their life and

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Speaker 9: have just had their lives ended up a wreck. It's

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Speaker 9: very hard to escape from a closed group like this.

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Speaker 3: Interesting, Peter, I appreciate your time, Thanks very much for

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Speaker 3: coming on the program. Peter Linehum who's massive university religious expert.

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Speaker 3: It's just gone on four fourteen pray and bridge, because

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Speaker 3: you know what the thing is, There'll be people listening

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Speaker 3: to this who'll go, well, why is it that the

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Speaker 3: media does a hit job on this guy, on the

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Speaker 3: National MP, Hamish Campbell, and you're willing to put the words,

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Speaker 3: you know, the National MP's name and child abuse in

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Speaker 3: the same sentence. How come you're so quick and keen

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Speaker 3: to do that, but you won't do the same with

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Speaker 3: Benjamin Doyle. There'll be people who will think that and

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Speaker 3: do you know what, I don't know what the answer

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Speaker 3: to that question is. I don't know what. I don't

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Speaker 3: know how to explain that, because clearly no one has

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Speaker 3: made any allegations against the National MP Hamish Campbell, other

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Speaker 3: than that he's part of a religion which many people

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Speaker 3: are part of religions many people have. I mean, what

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Speaker 3: so everyone who goes to Scouts and there's every time

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Speaker 3: there's a Scout leader, you know what I mean? Are

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Speaker 3: you gonna then do a story about them? I don't

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Speaker 3: know the numbers. Texts just gone call to past four.

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Speaker 3: Darcy is here with sport.

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Speaker 1: Next, it's the Heather du Bussy allan Drive full show

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Speaker 1: podcast on iHeartRadio powered by News TALKSB.

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Speaker 3: News Talks B. It is a four to seventeen, Darcy

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Speaker 3: said with sport Hey, Darcy, Hey, Ryan, Good afternoon now

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Speaker 3: Dr John Mayhew has passed away.

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Speaker 11: Yeah, sad, sad news. Doctor John Doc Mayhew O n

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Speaker 11: z M passed away this afternoon surrounded by loved ones.

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Speaker 11: This is difficult for people in the in the rugby community.

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Speaker 11: He's been around so long with rugby. He was the

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Speaker 11: first guy who was the doctor for North Harbor Rugby.

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Speaker 11: It's a life member of North Harbor Rugby. That's looking

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Speaker 11: way back when. Of course he went on to be

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Speaker 11: the All Black doctor for one hundred and thirty one tests.

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Speaker 11: I think it was so there. Spent a lot of

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Speaker 11: time around the All Blacks, which suggests he's not only

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Speaker 11: very good at what he did, he's also a really

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Speaker 11: nice guy and people wanted to be around him. My

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Speaker 11: personal experience of doctor John mayheel he spoke to him

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Speaker 11: a couple of weeks ago, and I think everybody when

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Speaker 11: they are faced with the death of somebody they know,

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Speaker 11: they immediately.

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Speaker 12: Like, I like.

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Speaker 3: But I was just talking to him.

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Speaker 11: Heart problems there. But he was always wonderful to talk to,

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Speaker 11: super super friendly, really knowledgeable. I think the legacy who

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Speaker 11: leave is not the fact that it was an all black

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Speaker 11: doctor nor harbored doctor. As he was so hot on

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Speaker 11: concussion and concussion protocols that was really really important to him.

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Speaker 11: The way the world develops and treats head injuries, how

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Speaker 11: serious they take it, what methods have to be used

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Speaker 11: to mitigate the problems with head injuries. So his career

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Speaker 11: is super super sad.

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Speaker 3: Hey Channel nine over in Australia. That's signed and you

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Speaker 3: deal with Rugby Australia and if the Aussie teams win

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Speaker 3: then nine will pay Rugby Australia more money.

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Speaker 11: Well there's extra money, which I think is an interesting

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Speaker 11: idea because they're saying that the Australian teams win some

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Speaker 11: Super Rugby camps and you know the Wallabies win some

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Speaker 11: big competitions. Well, are they going to do that? A

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Speaker 11: safe bet? Do you think the Aussie team is going

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Speaker 11: to win Super Rugby? But if after all they've made

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Speaker 11: a whole lot more money.

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Speaker 13: A significant thing out of this.

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Speaker 11: It doesn't include the twenty seven World Cup, but Nine

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Speaker 11: are currently negotiating with that. So it's Wallaby's Wallaroos and

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Speaker 11: Super Rugby fixtious and men's and women's competition. It comes

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Speaker 11: on nine and the sub screening service stands Sport. There's

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Speaker 11: no longer free to air rugby once they take this

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Speaker 11: over in Australia, which I think is allowing for a

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Speaker 11: lot of people there. But yeah, do they say the

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Speaker 11: deal's worth according to people and they know they're going

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Speaker 11: to bank an extra sixty five million bucks in this deal?

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Speaker 11: Would say one hundred and fifteen million dollars in cash

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Speaker 11: and kind advertising?

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Speaker 4: The likers good?

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Speaker 3: How many people would you have watching? How many rugby

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Speaker 3: fans in Australia versus New Zealand because it's obviously not

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Speaker 3: as popular there as it is here, But in terms

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Speaker 3: of total fan numbers do you reckon that way?

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Speaker 11: It's gone art because Jack Mesley, who is the CEO

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Speaker 11: of Super I, goes on with Mike Asking this morning

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Speaker 11: talking about the increase in eyeballs and apparently it's gone.

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Speaker 9: Up thirty percent here in Australia.

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Speaker 3: It's up here as well. I think here, yeah, but

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Speaker 3: people are more interested.

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Speaker 11: They've made a lot of changes to try and make

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Speaker 11: the game more conserinable fan at the scene of the room,

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Speaker 11: you've heard it all before it's working. People are actually going,

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Speaker 11: you know what, this is a good product and they're

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Speaker 11: buying into it.

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Speaker 3: So it's straight news across the board.

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Speaker 11: Look and Mark Robinson joins us tonight the CEO of

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Speaker 11: Insida are just to reflect in my life of times

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Speaker 11: of Dr John.

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Speaker 3: May nice one I see with at seven tonight you're

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Speaker 3: on news Talks. There be four to twenty one. Very

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Speaker 3: soaph has been listening into all the presses. We've had

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Speaker 3: a few this afternoon and Barbara Edmonds said some nutty

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Speaker 3: things today. We'll get to here in a second as well.

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Speaker 3: News Talks THEVB.

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Speaker 1: Getting the facts discarding the fluff. It's Ryan Bridge on

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Speaker 1: Heather Dubiss Ellen Drive with one New Zealand let's get connected.

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Speaker 2: News talks.

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Speaker 3: There be good afternoon. It is four twenty four. So

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Speaker 3: here's the Finance Minister Nicola Willis responding to the OCR

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Speaker 3: announcement today, so that if you're just joining us, it

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Speaker 3: is good news. It's done twenty five basis points. No,

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Speaker 3: it's not going to change the world, but it's heading

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Speaker 3: in the right direction.

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Speaker 14: Here she is they are observing the global situation carefully

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Speaker 14: and that there is more room to move to reduce

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Speaker 14: interest rates if need be. That's appropriate, because what that

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Speaker 14: means is that should the economy require stimulus, the Reserve

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Speaker 14: Bank is positioned to provide it by lowering interest rates

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Speaker 14: and therefore generating economic activity.

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Speaker 3: So good news unless you're Barb from Labor Barbara Edmonds.

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Speaker 3: She fires off a press release. It only took her

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Speaker 3: like a couple of seconds, and then out it goes

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Speaker 3: press release. That's pretty scathing of Nicola Willis, So I'll

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Speaker 3: just read a couple of lines from it. Nikola Willis

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Speaker 3: continues to sit on her hands amid a global economic crisis.

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Speaker 3: Well are we there yet? I'm not quite sure that

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Speaker 3: we're quite there yet, but anyway, leaving the Reserve Bank

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Speaker 3: to act for New Zealanders who are worried about their

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Speaker 3: jobs and mortgages. Quote. While the Reserve Bank is doing

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Speaker 3: its job to cushion the blow of a global economic downturn,

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Speaker 3: Nicola Willis continues to pretend like everything's fine. A couple

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Speaker 3: of things. Firstly, no, they are not cushioning the blow

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Speaker 3: of an economic downturn. They are containing inflation. And once

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Speaker 3: inflation job is done, then it's their job to bring

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Speaker 3: the rate to a neutral one, which is what they're doing.

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Speaker 3: Second thing, Nicola Willis said yesterday everything is not fine.

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Speaker 3: I mean she did it in a calm voice, which

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Speaker 3: is politics, but she said everything is not fine. Another

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Speaker 3: one here, another line from this press release. If she

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Speaker 3: wanted to show real leadership, this is Barb's on Nikola.

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Speaker 3: If she wanted to show real leadership, she would invest

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Speaker 3: in jobs, health, homes and adapt when New Zealand's economy

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Speaker 3: needs it. And there it is, ladies and gentlemen. There

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Speaker 3: it is Labor's not so secret weapon spending. When crisis comes,

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Speaker 3: you will find Bob down at your local shopping more

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Speaker 3: handing out envelopes full of cash Willie Nelly to anybody

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Speaker 3: who asks for them, who cares? If it's really good

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Speaker 3: quality spending, Just take the money. Just take the money.

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Speaker 3: Can't get it out the door fast enough. That's the

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Speaker 3: problem with Labor. And I would have thought, and we

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Speaker 3: all know this because they did it the last time

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Speaker 3: we had a crisis. Remember, So, I would have thought

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Speaker 3: someone would have proofread this release before Barb's hit sen

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Speaker 3: But apparently not. She's on the show after six.

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Speaker 2: Ryan Bridge has.

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Speaker 3: Gone twenty six after four now four PM, so that

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Speaker 3: means twenty six minutes ago, well twenty five minutes ago,

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Speaker 3: because it was technically four h one pm our time

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Speaker 3: the tariffs were enacted. The tariffs came into four so

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Speaker 3: ten percent for US, for the EU and one hundred

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Speaker 3: and four percent for poor old China. Dan Mitchison has

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Speaker 3: all the details of this after news and we will

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Speaker 3: speak to one of our exporters who's sending product over

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Speaker 3: there as we speak. News Talk set B.

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Speaker 15: Person Were Person, were Person Mazie.

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Speaker 1: Putting the challenging questions to the people at the heart

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Speaker 1: of the story. It's Ryan Bridge on hither do for

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Speaker 1: c Allen drive with one New Zealand let's get connected.

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Speaker 1: News Talk set Bin good to forget me.

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Speaker 3: A twenty five away from five year ow News Talk SIB.

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Speaker 3: Last night we heard from Stephen Always about well he

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Speaker 3: hopes that there'll be some leads little fixed to what

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Speaker 3: Trump is doing with the tariffs, and we've had a

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Speaker 3: look into that today. I'll get to that a little

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Speaker 3: later in the program. Plus, we're going to talk about evs.

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Speaker 3: Are they actually as good for the environment as you

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Speaker 3: think they are? If you're driving around listening to this

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Speaker 3: and your tesla and whatever Kona feeling a bit smug,

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Speaker 3: feeling a little bit self righteous. Well, we're going to

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Speaker 3: bring you back down to earth with some studies from

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Speaker 3: the University of Aukland and a Chinese university. Today. Right

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Speaker 3: now it is we'll get to Dan Mitson out of

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Speaker 3: the US in just a second, twenty five to two.

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Speaker 2: It's the world wires on news talks. He'd be drive.

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Speaker 3: Chinese imports to the US now face a one hundred

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Speaker 3: and four percent tariff rate. It has happened. Trump says,

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Speaker 3: the tariffs themselves working quite well as a negotiating tool.

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Speaker 16: We have a lot of countries coming in. They want

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Speaker 16: to make deals. If I told them about making those

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Speaker 16: deals two years ago, or three years ago or five

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Speaker 16: years ago, they'd be laughing at as Now they're all

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Speaker 16: shining up.

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Speaker 3: So Peter Duttin lost last night's leader's debate across the

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Speaker 3: Tasman In Australia, but the oppositions bounce back pretty quickly.

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Speaker 3: They've announced a new gas plan that they say will

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Speaker 3: lower household energy bills by three percent. Here's the Shadow

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Speaker 3: Energy Minister.

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Speaker 17: Australians in their homes might use gas for cooking, might

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Speaker 17: use gas for heating. It will flow through to all

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Speaker 17: of us who go to a shopping center and by

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Speaker 17: fruit and veg because the farmers use gas at least

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Speaker 17: the fertilizer.

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Speaker 3: Finally, this afternoon, a dog has made an epic thousand

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Speaker 3: mile trek from Utah to Texas. An animal shelter in

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Speaker 3: Collins County picked up Huey the dog and was shocked

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Speaker 3: when they found out his ownly lived on a thousand

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Speaker 3: miles away and had been searching for Huey for two weeks.

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Speaker 3: The Collins County community has crowdfunded more than three thousand

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Speaker 3: dollars to pay for Huey's trip home. We set to

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Speaker 3: depart this week.

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

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Speaker 1: for New Zealand Business.

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Speaker 3: Dan Mitchison's our US correspondent, Dan. Welcome.

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Speaker 10: Well, Hey Ryan, good afternoon.

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Speaker 3: Good afternoon. So let's talk about Trump. He's given a

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Speaker 3: speech to Republicans at a dinner. I saw him in

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Speaker 3: his tucks a short time ago. What's he been saying

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Speaker 3: about this new tariff rate.

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Speaker 12: Well, he's saying it's working and as you mentioned, it

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Speaker 12: has just gone into effect with China about forty minutes ago.

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Speaker 12: And I'm looking at the markets right now here in

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Speaker 12: the US to see how they're reacting. In the Dow

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Speaker 12: and the Nasdaq not good, down about two and a

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Speaker 12: half percent or so. And I mean we've wiped out

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Speaker 12: several trillion dollars in the market, at least the value

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Speaker 12: of stocks since this Liberation Day was first announced. Right now,

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Speaker 12: we've got reciprocal tariffs that are going into effect or

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Speaker 12: that are in effect in fifty or sixty other countries.

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Speaker 12: I know with New Zealand it's going to be about

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Speaker 12: ten percent right now. And I think China's Commerce Ministry

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Speaker 12: has said they're going to just fight this out to

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Speaker 12: the end of the trade war, and they're going to

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Speaker 12: continue to stand up to Trump. So we're going to

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Speaker 12: see what's going to go back and forth. I think

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Speaker 12: between the two countries, tit for tat or if they

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Speaker 12: can come to some kind of reasonable negotiation.

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Speaker 3: Can Congress do anything about it. We're going to look

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Speaker 3: at this a little later on the show, but I mean,

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Speaker 3: in short, they can, but then he can veto whatever

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Speaker 3: they do, right.

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Speaker 2: Well, he can.

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Speaker 12: I mean, you've got right now, you've got about a

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Speaker 12: half dozen maybe more Republicans that are trying to sign

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Speaker 12: on to this bill that would restrict what the White

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Speaker 12: House could could do. Ultimately, they would like to see

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Speaker 12: these tariffs expire after forty days. There was a rumor

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Speaker 12: going around with the stock market yesterday and on the

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Speaker 12: floor of the Stock exchange that the President was going

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Speaker 12: to back off on the tariffs for ninety days. The

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Speaker 12: White House called that fake news. But even that announcement,

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Speaker 12: even though it wasn't true, I mean, made the market

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Speaker 12: shot up by about a thousand points before it came

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Speaker 12: back down again. So I think anything that we see

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Speaker 12: is going to be long term manufacturing. This isn't going

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Speaker 12: to happen overnight. I mean, businesses are going to take

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Speaker 12: a wait and see attitude to find out how these

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Speaker 12: negotiations are going to continue, because they can't just build

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Speaker 12: a new plant in thirty sixty or ninety days. These

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Speaker 12: things take years to to formulate.

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Speaker 3: Now, finally, Judges orted, I pay the associated appreciated be

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Speaker 3: given access back to the White House. Does that mean

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Speaker 3: it's going to happen? Well, I don't know.

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Speaker 12: It's it's it's interesting because an AP reporter photographer will

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Speaker 12: turned back from joining the reporting pool this evening just

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Speaker 12: a couple of hours after this judge made this decision,

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Speaker 12: and this is because the White House was angry that

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Speaker 12: the AP refused to call the Gulf of Mexico by

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Speaker 12: President Trump's preferred name, which is the Gulf of America.

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Speaker 12: And you know, the government and the judge of this

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Speaker 12: has said, you know what, the AP was not demanding

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Speaker 12: extra special access, and the judge agreed with this. They

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Speaker 12: were saying in the trial that what it wants and

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Speaker 12: all it gets out of this ruling is a level

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Speaker 12: playing field, which seems fair enough. And you know, Trump

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Speaker 12: and his aides have barred the reporters from dozens of

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Speaker 12: these events since back in February right now, and the

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Speaker 12: AP's you know, kind of been one of the main

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Speaker 12: news gatherers and resources for pool coverage over here for

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Speaker 12: more than a century now, So it's it was a

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Speaker 12: big win for them, all.

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Speaker 3: Right, Dan, thanks for talking to us. I appreciate your time.

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Speaker 3: Dan Mitchison, US correspondent. It is twenty away from five.

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Speaker 3: So this study that I mentioned, the University of Auckland

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Speaker 3: and Shalman University in China, they've published a study in

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Speaker 3: the journal Energy Today and they've found that globally and

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Speaker 3: this is talking about the whole world. EV adoption has

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Speaker 3: actually increased carbon emissions. How they used data from twenty

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Speaker 3: six countries over fifteen years. They found the surprising trend

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Speaker 3: that higher EV update was linked to increased carbon emissions.

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Speaker 3: And a number of countries evs are still powered by

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Speaker 3: electricity that's generated from burning fossil fuels like coal or oil.

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Speaker 3: So basically what they're saying is you would be better

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Speaker 3: off if you live in one of these countries. You

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Speaker 3: would be better off buying a fuel efficient carbon emitting car,

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Speaker 3: you know, diesel petrol than you would plugging into the

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Speaker 3: wall and having coal burnt to feed your car's battery.

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Speaker 3: And when it comes to New Zealand, it's an interesting

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Speaker 3: question because they say, oh, well it's different. I'm sure

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Speaker 3: they will say it's a different for New Zealand because

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Speaker 3: eighty percent renewables. Well, the eighty percent renewables, as far

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Speaker 3: as I understand, it refers to our generation of our electricity,

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Speaker 3: not our use. So if the use is well anywhere

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Speaker 3: less than fifty percent, surely you would run into problems

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Speaker 3: similar problems. Anyway, we'll talk about that after five o'clock

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Speaker 3: just gone nineteen away from five. Now Barry next politics

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Speaker 3: with centrics credit, check your customers and get payments, certainty

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Speaker 3: news talks. There'd be just gone sixteen away from five

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Speaker 3: Barry soapers here with politics. Hey Barry, good afternoon. Right,

438
00:22:31,600 --> 00:22:34,040
Speaker 3: So we've got a couple of politicians in hot Water

439
00:22:34,160 --> 00:22:36,520
Speaker 3: of sorts today and both speaking.

440
00:22:37,080 --> 00:22:43,159
Speaker 13: Yes, Hamish Campbell, who's the Island mp ilm MP. He

441
00:22:43,240 --> 00:22:47,040
Speaker 13: took over from Jerry Brownly. You know, he's a part

442
00:22:47,119 --> 00:22:50,400
Speaker 13: of a sect called I think it's called the twos

443
00:22:50,560 --> 00:22:54,040
Speaker 13: or something two by two two by two, And I

444
00:22:54,080 --> 00:22:57,560
Speaker 13: mean he was brought up clearly in this sect and

445
00:22:58,119 --> 00:23:03,760
Speaker 13: it's an association more than cultivated covered set by the

446
00:23:03,760 --> 00:23:06,760
Speaker 13: sound of things, but they do have meetings in their houses,

447
00:23:06,800 --> 00:23:09,919
Speaker 13: and you know, to suggest that he has something to

448
00:23:10,000 --> 00:23:16,120
Speaker 13: do with what they're being investigated for that some sexual offenses,

449
00:23:16,240 --> 00:23:20,160
Speaker 13: you would, you know, talk about drawing a long bow.

450
00:23:20,200 --> 00:23:22,359
Speaker 13: I mean, I was brought up a Roman Catholic, for

451
00:23:22,400 --> 00:23:25,919
Speaker 13: goodness sake, and you know there's plenty of transgressions in

452
00:23:26,000 --> 00:23:29,040
Speaker 13: that church. And to say that because I belonged to

453
00:23:29,080 --> 00:23:32,000
Speaker 13: the church that somehow was involved in that, I think

454
00:23:32,119 --> 00:23:35,320
Speaker 13: is stretching the bow far too far and that's what's happened,

455
00:23:35,560 --> 00:23:38,640
Speaker 13: I think in this case. Moving on to Benjamin Doyhle,

456
00:23:40,280 --> 00:23:44,080
Speaker 13: he of course goes by those pronouns they and them.

457
00:23:45,119 --> 00:23:50,280
Speaker 13: He's fronted up at Parliament today he said that he

458
00:23:50,840 --> 00:23:54,880
Speaker 13: in fact was naive. He was told by the Greens

459
00:23:54,920 --> 00:23:58,280
Speaker 13: to take down the posts that have caused defense, but

460
00:23:58,359 --> 00:24:01,840
Speaker 13: he chose not to and said the term bussy, which

461
00:24:01,840 --> 00:24:04,399
Speaker 13: has been made a lot of meaning a man's or

462
00:24:04,480 --> 00:24:08,199
Speaker 13: not a man's an anus, He said it was a

463
00:24:08,720 --> 00:24:11,800
Speaker 13: a basic was never said in a sexual context when

464
00:24:11,800 --> 00:24:15,320
Speaker 13: it came to him. It was simply a nickname that

465
00:24:15,440 --> 00:24:18,479
Speaker 13: he had. So they have just fronted up to the

466
00:24:18,520 --> 00:24:20,760
Speaker 13: media and they gave their view of how they've been

467
00:24:20,840 --> 00:24:21,800
Speaker 13: treated here they are.

468
00:24:21,960 --> 00:24:25,080
Speaker 5: I knew coming to Parliament that I would face prejudice

469
00:24:25,240 --> 00:24:28,000
Speaker 5: and homophobia. I knew that people would not like the

470
00:24:28,040 --> 00:24:31,119
Speaker 5: way I dress or speak, or the causes that I

471
00:24:31,160 --> 00:24:33,840
Speaker 5: advocate for. I knew that I would be under scrutiny,

472
00:24:34,160 --> 00:24:37,879
Speaker 5: as is appropriate for every single person that has the

473
00:24:37,880 --> 00:24:41,520
Speaker 5: privilege of this position. That I could never imagine or

474
00:24:41,560 --> 00:24:46,440
Speaker 5: prepare myself to be attacked in such a baseless, personal

475
00:24:46,960 --> 00:24:50,439
Speaker 5: and violent way that my life and that of my

476
00:24:50,640 --> 00:24:55,080
Speaker 5: child would be threatened that poisonous transphobic hate, an imported

477
00:24:55,240 --> 00:24:59,280
Speaker 5: culture was would be leveled against me and my community.

478
00:25:00,320 --> 00:25:04,120
Speaker 13: Threats can't be countenanced anywhere. But I'm sorry. I think

479
00:25:04,119 --> 00:25:07,119
Speaker 13: he's been the author of his own misfortune by his naivety.

480
00:25:07,720 --> 00:25:10,840
Speaker 3: Yes, naivity maybe. But are these two cases not similar?

481
00:25:10,840 --> 00:25:15,160
Speaker 3: And that you've got got insinuations, haven't you of untoward

482
00:25:15,280 --> 00:25:19,159
Speaker 3: things and young people? You've got two MP's and you've

483
00:25:19,200 --> 00:25:22,840
Speaker 3: actually got no hard evidence either on either case. No, not,

484
00:25:23,119 --> 00:25:25,240
Speaker 3: so are we what are we doing here?

485
00:25:25,400 --> 00:25:25,720
Speaker 18: Well?

486
00:25:25,760 --> 00:25:27,720
Speaker 13: You know this is the way politics are sort of,

487
00:25:28,800 --> 00:25:33,040
Speaker 13: you know, it's the press gallery chasing these people.

488
00:25:33,119 --> 00:25:35,720
Speaker 3: All right, let's move on then, something more important. Wool

489
00:25:36,040 --> 00:25:38,000
Speaker 3: and they're having their day in the sun today.

490
00:25:38,320 --> 00:25:43,120
Speaker 13: Yes, indeed, they most certainly is, and the wool growers

491
00:25:43,160 --> 00:25:45,880
Speaker 13: will be very happy about it. From July one, Government

492
00:25:45,920 --> 00:25:48,200
Speaker 13: agencies and there are one hundred and thirty of them,

493
00:25:48,800 --> 00:25:53,919
Speaker 13: they'll be required to refurbish with wool. Now standing in

494
00:25:53,960 --> 00:25:57,640
Speaker 13: for the Minister of Agriculture, Nicola Gregg clearly got more

495
00:25:57,680 --> 00:26:00,240
Speaker 13: than she asked for and extalling the virtues of wall

496
00:26:00,280 --> 00:26:01,520
Speaker 13: in Parliament this afternoon.

497
00:26:01,640 --> 00:26:05,320
Speaker 6: Last year, the sector contributed a half a billion dollars

498
00:26:05,359 --> 00:26:08,760
Speaker 6: to the economy, and this policy will help create jobs,

499
00:26:09,000 --> 00:26:12,680
Speaker 6: drive economic growth in our rural communities and encourage innovation

500
00:26:12,880 --> 00:26:15,560
Speaker 6: in our building material industry. And I note missed to

501
00:26:15,640 --> 00:26:19,040
Speaker 6: speaker how much you very much enjoy that the walls

502
00:26:19,080 --> 00:26:21,240
Speaker 6: of your office are currently covered.

503
00:26:20,880 --> 00:26:23,480
Speaker 19: In wooltin supplement.

504
00:26:23,560 --> 00:26:29,560
Speaker 15: You expected that one.

505
00:26:31,560 --> 00:26:35,480
Speaker 3: Goodness, perhaps she needs them clean now the Greens tom

506
00:26:35,480 --> 00:26:38,320
Speaker 3: of the pool. She's come out swinging, hasn't she?

507
00:26:38,440 --> 00:26:42,919
Speaker 13: What you know that this pole that came out and

508
00:26:42,960 --> 00:26:46,560
Speaker 13: it doesn't turn up any surprises at all. Of course,

509
00:26:46,600 --> 00:26:49,440
Speaker 13: most people feel safe when they see the police, and

510
00:26:50,200 --> 00:26:53,560
Speaker 13: forty eight percent of Green voters indeed said that they

511
00:26:53,640 --> 00:26:57,120
Speaker 13: feel safe for the bigger presence of police. In Wonnington Central,

512
00:26:57,160 --> 00:27:00,159
Speaker 13: of course, where she's the MP, sixty six percent and

513
00:27:00,880 --> 00:27:05,199
Speaker 13: felt more safe with the police on the beat. And

514
00:27:05,320 --> 00:27:09,000
Speaker 13: in Auckland, and this is Chloe Swarbrick's electorate sixty two

515
00:27:09,040 --> 00:27:13,439
Speaker 13: percent said that they felt more safe. So safety, the

516
00:27:13,480 --> 00:27:16,520
Speaker 13: safety felt by an overwhelming majority of Keywis you'd think

517
00:27:16,560 --> 00:27:20,160
Speaker 13: would be enough for the Green MP Timothapaul to zip

518
00:27:20,200 --> 00:27:22,520
Speaker 13: it on that front, but she doubled down. In Parliament.

519
00:27:22,600 --> 00:27:25,160
Speaker 20: It is held by a rural maldi who have been

520
00:27:25,280 --> 00:27:30,439
Speaker 20: surveilled and tormented and terrorized and raided by the New

521
00:27:30,520 --> 00:27:31,600
Speaker 20: Zealand police force.

522
00:27:32,119 --> 00:27:33,520
Speaker 15: It is held by people.

523
00:27:33,320 --> 00:27:37,800
Speaker 20: Who grew up in neglected and poverished communities who live

524
00:27:38,040 --> 00:27:43,080
Speaker 20: under the constant suspicion and surveillance of the New Zealand Police.

525
00:27:43,280 --> 00:27:45,879
Speaker 20: And it is shared by women who go to the

526
00:27:45,920 --> 00:27:49,919
Speaker 20: police with complaints of domestic and sexual violence, who are

527
00:27:50,040 --> 00:27:53,880
Speaker 20: not believed and not taken seriously until it is too late.

528
00:27:54,200 --> 00:27:56,800
Speaker 20: That is not a minority, a group of people that

529
00:27:56,920 --> 00:27:59,080
Speaker 20: as a group of people I am proud to represent,

530
00:27:59,280 --> 00:28:01,199
Speaker 20: and I don't care if I'm the only person in

531
00:28:01,240 --> 00:28:04,720
Speaker 20: this house with the balls to represent those communities.

532
00:28:05,640 --> 00:28:09,800
Speaker 13: Interesting, but look on the crackdown on gangs, those little

533
00:28:09,800 --> 00:28:15,040
Speaker 13: puppies removing their patches in the face and the like.

534
00:28:15,160 --> 00:28:17,119
Speaker 13: She doesn't rest well with her.

535
00:28:17,240 --> 00:28:22,640
Speaker 20: Rather, the intentional, relational, methodical work that the police were

536
00:28:22,680 --> 00:28:26,920
Speaker 20: doing in communities alongside gang leaders. They have decided to

537
00:28:26,960 --> 00:28:29,399
Speaker 20: throw that out and say to police officers, We're not

538
00:28:29,440 --> 00:28:31,640
Speaker 20: going to increase your pay, but we will make you

539
00:28:31,800 --> 00:28:34,840
Speaker 20: be at war with people within your communities.

540
00:28:35,440 --> 00:28:36,960
Speaker 13: Poor little puppies.

541
00:28:38,160 --> 00:28:45,280
Speaker 3: The greens where the girls have balls apparently, well.

542
00:28:45,200 --> 00:28:46,400
Speaker 13: Maybe she's non binary.

543
00:28:46,440 --> 00:28:46,920
Speaker 2: I'm not sure.

544
00:28:47,200 --> 00:28:49,240
Speaker 3: Maybe I don't think that gives you balls.

545
00:28:50,640 --> 00:29:03,200
Speaker 13: All of them what it gives you These days.

546
00:28:58,760 --> 00:29:02,760
Speaker 3: Correspondent's gone ten from five, putting.

547
00:29:02,440 --> 00:29:05,840
Speaker 1: The tough questions to the newspeakers, the Mike asking.

548
00:29:05,520 --> 00:29:08,479
Speaker 21: Breakfast, seems are not going well. I'm afraid to tell

549
00:29:08,520 --> 00:29:10,480
Speaker 21: you when it comes to the battle over organized crime.

550
00:29:10,520 --> 00:29:13,080
Speaker 21: The chair of this Ministerial Advisory Group is Steve Simon.

551
00:29:13,160 --> 00:29:15,240
Speaker 21: What you delivered and what you thought you might deliver?

552
00:29:15,320 --> 00:29:15,960
Speaker 21: Are they two different?

553
00:29:16,000 --> 00:29:16,160
Speaker 10: Things?

554
00:29:16,200 --> 00:29:17,160
Speaker 21: Were basically the same.

555
00:29:17,240 --> 00:29:19,240
Speaker 22: I've been doing this for twenty years, so I thought

556
00:29:19,280 --> 00:29:21,680
Speaker 22: by this stage, being a prosecutor for two dedicads, they'd

557
00:29:21,680 --> 00:29:22,200
Speaker 22: be very little.

558
00:29:22,240 --> 00:29:22,880
Speaker 3: That surprised me.

559
00:29:22,920 --> 00:29:25,479
Speaker 22: But if you look at the numbers, particularly the waytewater numbers,

560
00:29:25,520 --> 00:29:27,200
Speaker 22: and you look at the steature numbers of how much

561
00:29:27,240 --> 00:29:29,479
Speaker 22: we's stopping coming into the country, and it's pretty frightening.

562
00:29:29,520 --> 00:29:31,840
Speaker 21: You've got a banking security expert on your panel. Are

563
00:29:31,880 --> 00:29:34,200
Speaker 21: the banks aware of the money flow? Are they all

564
00:29:34,240 --> 00:29:35,000
Speaker 21: over it or not?

565
00:29:35,160 --> 00:29:37,440
Speaker 22: The banks are aware of money flows. So I certainly

566
00:29:37,480 --> 00:29:40,160
Speaker 22: did a disconnect between the work done by the private

567
00:29:40,200 --> 00:29:42,120
Speaker 22: world and also the govern agency.

568
00:29:42,480 --> 00:29:45,200
Speaker 21: Back tomorrow at six am, the Mike Hosking Breakfast with

569
00:29:45,240 --> 00:29:47,480
Speaker 21: the Rain drove of the last news talk ZB.

570
00:29:47,480 --> 00:29:49,560
Speaker 3: Just gone six away from five now. Yesterday we had

571
00:29:49,560 --> 00:29:51,960
Speaker 3: Stephen Joyce on the program and he said, because it

572
00:29:52,000 --> 00:29:53,920
Speaker 3: was old doom and gloom, remember well it still is

573
00:29:53,960 --> 00:29:56,400
Speaker 3: really with the Trump and his tariff for the world.

574
00:29:57,080 --> 00:29:59,640
Speaker 3: And we had Stephen Joyce on. He said, his glimmer

575
00:29:59,640 --> 00:30:03,040
Speaker 3: of hope is that you'll get some Republican law makers

576
00:30:03,040 --> 00:30:06,480
Speaker 3: who'll cross the floor and they will block Trump from

577
00:30:06,520 --> 00:30:07,760
Speaker 3: doing the tariffs. Have a listen.

578
00:30:07,800 --> 00:30:11,400
Speaker 7: It's been really interesting to see over the weekend huge

579
00:30:11,480 --> 00:30:15,720
Speaker 7: numbers of the Republican parties, big donors and backers come

580
00:30:15,720 --> 00:30:17,520
Speaker 7: out and say they're not signed up for this. But

581
00:30:17,560 --> 00:30:21,240
Speaker 7: if this continues, then I would expect at some point

582
00:30:21,280 --> 00:30:24,760
Speaker 7: the US Senate will start to assert itself, only because

583
00:30:24,760 --> 00:30:27,040
Speaker 7: it has to at some stage a process. And what

584
00:30:27,120 --> 00:30:29,280
Speaker 7: I mean by that is actually starting to put some

585
00:30:29,320 --> 00:30:33,200
Speaker 7: pressure on to the administration to curtail some of their

586
00:30:33,200 --> 00:30:34,240
Speaker 7: wildest excesses.

587
00:30:34,440 --> 00:30:37,320
Speaker 3: And so what we've seen is seven Republicans in the

588
00:30:37,360 --> 00:30:39,920
Speaker 3: Senate sign a bill that would force Trump to give

589
00:30:40,440 --> 00:30:44,080
Speaker 3: Congress notice forty eight hours notice before he slaps on

590
00:30:44,120 --> 00:30:48,080
Speaker 3: any new tariff. They also want the power to if

591
00:30:48,080 --> 00:30:50,400
Speaker 3: a tarif's going to last more than sixty days, they

592
00:30:50,440 --> 00:30:53,200
Speaker 3: want the power to shut it down to give their

593
00:30:53,240 --> 00:30:57,600
Speaker 3: approval or dissent. But here's the problem. There's still not

594
00:30:57,800 --> 00:31:00,560
Speaker 3: enough support to get a bill passed, enough to get

595
00:31:00,600 --> 00:31:03,640
Speaker 3: a bill on the floor, and even if they do

596
00:31:03,760 --> 00:31:06,880
Speaker 3: get all of that, Trump can veto it. So Ran

597
00:31:06,960 --> 00:31:09,240
Speaker 3: Paul who's a Republican, but he doesn't like the terrorists.

598
00:31:09,280 --> 00:31:11,960
Speaker 3: He's a free trade guy, he says, and you know

599
00:31:12,000 --> 00:31:15,080
Speaker 3: he wants us to stop, even he says, it's going

600
00:31:15,160 --> 00:31:19,480
Speaker 3: to be very hard to overturn a vito. So you've

601
00:31:19,480 --> 00:31:21,560
Speaker 3: got some groups who are trying to go through the courts,

602
00:31:21,600 --> 00:31:22,880
Speaker 3: and I mean, the rest of the world is looking

603
00:31:22,880 --> 00:31:26,240
Speaker 3: on going, please find us an exit and escape route here,

604
00:31:26,400 --> 00:31:28,920
Speaker 3: you know, and a jets button. But the courts have

605
00:31:29,000 --> 00:31:33,240
Speaker 3: been pretty friendly to Trump over the deportations and stuff

606
00:31:33,280 --> 00:31:37,280
Speaker 3: like that. They're trying that avenue. But in terms of

607
00:31:37,360 --> 00:31:41,680
Speaker 3: the lawmakers, basically this is more of a hope strategy,

608
00:31:41,800 --> 00:31:45,560
Speaker 3: not actually going to happen strategy. So sorry, Stephen, not

609
00:31:45,600 --> 00:31:49,360
Speaker 3: anytime soon anyway. Four away from five Bryan Bridge. This

610
00:31:49,440 --> 00:31:52,719
Speaker 3: is interesting. So Forsyth bar has cut km D brands

611
00:31:52,760 --> 00:31:54,920
Speaker 3: remember we had KMD brands on the program a couple

612
00:31:54,960 --> 00:31:57,000
Speaker 3: of weeks ago. They're the ones that do rip curl.

613
00:31:57,680 --> 00:32:00,880
Speaker 3: They've cut their target price down twenty one point six

614
00:32:00,920 --> 00:32:04,080
Speaker 3: percent because of the tariffs. So they make rip curl clothes.

615
00:32:04,240 --> 00:32:07,960
Speaker 3: They are listed on the z X. Shares are down

616
00:32:08,000 --> 00:32:11,160
Speaker 3: twelve percent since Trump announced the tariffs. The problem is

617
00:32:11,800 --> 00:32:16,480
Speaker 3: rip curl manufactured in Asia sold in the USA. I

618
00:32:16,480 --> 00:32:18,240
Speaker 3: mean it's sold in lots of different places, but a

619
00:32:18,280 --> 00:32:20,120
Speaker 3: lot of this stuff is sold in the USA. And

620
00:32:20,160 --> 00:32:22,760
Speaker 3: of course some of these Asian countries have been hit

621
00:32:22,960 --> 00:32:27,640
Speaker 3: hardest by the tariffs, so they have been downgraded. Their

622
00:32:27,800 --> 00:32:30,160
Speaker 3: prices being downgraded by foresyfte bar not great for them,

623
00:32:30,160 --> 00:32:33,080
Speaker 3: not great for their share price either. But as I said,

624
00:32:33,240 --> 00:32:36,320
Speaker 3: everyone's sort of hoping that we might get some kind

625
00:32:36,360 --> 00:32:39,680
Speaker 3: of resolution, some sort of negotiation happening. We'll talk to

626
00:32:39,680 --> 00:32:42,960
Speaker 3: a q we exported after five about this. He is

627
00:32:43,080 --> 00:32:46,920
Speaker 3: Egmont Honey, James Annabel. He's got a couple of ships

628
00:32:46,920 --> 00:32:49,160
Speaker 3: in the water right now heading for the United States

629
00:32:49,240 --> 00:32:52,120
Speaker 3: with a product on board. Has he managed to pass

630
00:32:52,160 --> 00:33:17,000
Speaker 3: on the tariff that's coming into effect? That's next.

631
00:33:17,520 --> 00:33:22,960
Speaker 1: Questions answers, facts, analysis, the drive show you trust for

632
00:33:23,040 --> 00:33:26,600
Speaker 1: the full picture. Brian Bridge on Heather Duplicy Allen Drive

633
00:33:26,840 --> 00:33:30,040
Speaker 1: with one New Zealand, let's get connected news talks.

634
00:33:30,040 --> 00:33:32,120
Speaker 3: They'd be good everything. Wenesday, the ninth of April, just

635
00:33:32,160 --> 00:33:34,400
Speaker 3: gone seven after five. Great to have you with me tonight.

636
00:33:34,440 --> 00:33:37,240
Speaker 3: The Reserve Bank has cut twenty five points to three

637
00:33:37,280 --> 00:33:40,000
Speaker 3: and a half percent. On the question of tariffs and

638
00:33:40,040 --> 00:33:42,760
Speaker 3: how they might impact the economy going forward, they basically

639
00:33:42,800 --> 00:33:45,840
Speaker 3: said it's too soon to say, but they did say

640
00:33:45,920 --> 00:33:48,560
Speaker 3: there is room to move lower, should they need to.

641
00:33:48,800 --> 00:33:52,720
Speaker 3: Kelly Echol's Westpac chief economist with US tonight. Hi, Kelly, OHI.

642
00:33:52,640 --> 00:33:53,560
Speaker 15: Yeah, are you good?

643
00:33:53,600 --> 00:33:56,400
Speaker 3: Thank you? So they've taken the steady as she goes option,

644
00:33:56,520 --> 00:33:59,000
Speaker 3: which is probably the right one given the times.

645
00:33:59,680 --> 00:34:03,360
Speaker 8: Yeah, I think that's right. There was certainly no sense

646
00:34:03,400 --> 00:34:07,320
Speaker 8: of undue, anguish or panic there, which is appropriate given

647
00:34:07,360 --> 00:34:09,200
Speaker 8: things are moving quite quickly right now.

648
00:34:09,960 --> 00:34:12,720
Speaker 3: How they mentioned they do have room to go lower

649
00:34:13,200 --> 00:34:15,680
Speaker 3: three Adrian NOI used to say that was the sort

650
00:34:15,680 --> 00:34:18,400
Speaker 3: of bottom of neutral. Would they go lower than that?

651
00:34:19,520 --> 00:34:22,719
Speaker 8: Well, I think there's a possibility that could happen. They

652
00:34:22,760 --> 00:34:26,000
Speaker 8: didn't really say anything like that in this statement. They

653
00:34:26,120 --> 00:34:31,720
Speaker 8: just more pointed to the downside risks for growth particularly

654
00:34:32,000 --> 00:34:35,160
Speaker 8: and inflation to some extent. So you don't have to

655
00:34:35,200 --> 00:34:38,000
Speaker 8: be very much of a rocket scientist to believe that

656
00:34:38,040 --> 00:34:40,680
Speaker 8: when they'd give us the next set of forecasts in

657
00:34:40,760 --> 00:34:44,120
Speaker 8: May that will forecast to interest rate being a bit

658
00:34:44,120 --> 00:34:46,840
Speaker 8: lower than it was, and where it was had a

659
00:34:46,920 --> 00:34:49,400
Speaker 8: bottom of the oco about three point one percent.

660
00:34:50,000 --> 00:34:51,680
Speaker 3: So where do you reckon the bottom might be now?

661
00:34:51,920 --> 00:34:53,560
Speaker 3: I guess we got too soon to say are you

662
00:34:53,640 --> 00:34:55,480
Speaker 3: are you sticking to their line on that, Kelly, or

663
00:34:55,480 --> 00:34:56,920
Speaker 3: are you going to go further for us?

664
00:34:57,560 --> 00:35:00,440
Speaker 8: I think it's a little bit hard to say. I mean,

665
00:35:00,480 --> 00:35:04,080
Speaker 8: it's pretty clear to me that there's downside risks to

666
00:35:04,800 --> 00:35:07,799
Speaker 8: certainly the forecast that we've had for a couple of

667
00:35:07,800 --> 00:35:09,640
Speaker 8: months now that the bottom of the cycle will be

668
00:35:09,640 --> 00:35:14,160
Speaker 8: at three point two five percent, But exactly the extent

669
00:35:14,200 --> 00:35:17,160
Speaker 8: of those, I think is genuinely very hard to assess,

670
00:35:17,360 --> 00:35:19,239
Speaker 8: And if you just take a casual look at the

671
00:35:19,280 --> 00:35:21,480
Speaker 8: news flow you can see why. I mean, there's no

672
00:35:22,560 --> 00:35:26,279
Speaker 8: clarity really about how long and the extent to which

673
00:35:26,320 --> 00:35:28,360
Speaker 8: these tariffs are going to be in place, how countries

674
00:35:28,360 --> 00:35:31,839
Speaker 8: are going to respond, and importantly, how this impacts on

675
00:35:31,880 --> 00:35:35,520
Speaker 8: New Zealand as well, because there's quite a few changes

676
00:35:35,560 --> 00:35:37,320
Speaker 8: happening every day in that regard.

677
00:35:37,920 --> 00:35:40,319
Speaker 3: Your colleagues are at Kirybank have said I saw a

678
00:35:40,360 --> 00:35:42,440
Speaker 3: note from them. They want a quick reduction, they want

679
00:35:42,440 --> 00:35:44,280
Speaker 3: the ocr down, they want two and a half percent

680
00:35:44,320 --> 00:35:46,439
Speaker 3: by the end of the year. Do you think that's

681
00:35:46,640 --> 00:35:48,120
Speaker 3: that's rushing things?

682
00:35:49,040 --> 00:35:51,120
Speaker 8: Well, the end of the year is a long way here.

683
00:35:51,440 --> 00:35:54,960
Speaker 8: So if it does turn out that a meaningful adjustment

684
00:35:55,120 --> 00:35:57,920
Speaker 8: in interest rates is required, I would agree with them

685
00:35:57,960 --> 00:35:59,799
Speaker 8: that it will occur by the end of the year.

686
00:36:00,400 --> 00:36:02,800
Speaker 8: But what we don't really know here is how large

687
00:36:02,800 --> 00:36:05,960
Speaker 8: an adjustment is actually going to be required. All due

688
00:36:06,000 --> 00:36:07,759
Speaker 8: respect to them, they've decided to have a bit of

689
00:36:07,800 --> 00:36:09,480
Speaker 8: a guest here and they put a number on it.

690
00:36:10,000 --> 00:36:12,520
Speaker 8: But I'm also looking at the exchange rate here and

691
00:36:12,600 --> 00:36:15,279
Speaker 8: I expect that it will continue to fall, potentially by

692
00:36:15,360 --> 00:36:18,400
Speaker 8: quite a lot. And the extent to which it falls,

693
00:36:18,640 --> 00:36:20,799
Speaker 8: and the extent to which some of these things we

694
00:36:20,840 --> 00:36:25,360
Speaker 8: see globally actually impact on things like export prices is

695
00:36:25,400 --> 00:36:25,719
Speaker 8: going to.

696
00:36:25,680 --> 00:36:28,959
Speaker 3: Really matter massively to us when we're an export nation.

697
00:36:29,920 --> 00:36:33,239
Speaker 3: What about the risks? So we've spoken a lot about

698
00:36:33,480 --> 00:36:37,239
Speaker 3: the downside risk of too of recession, potential recession in

699
00:36:37,239 --> 00:36:42,280
Speaker 3: the States and our exports, etc. But what about inflation

700
00:36:42,520 --> 00:36:49,840
Speaker 3: and surely the growth downside is riskier or more likely

701
00:36:49,920 --> 00:36:51,400
Speaker 3: than the inflation downside.

702
00:36:51,480 --> 00:36:54,920
Speaker 8: Right Yeah, I think it's much more clear that we

703
00:36:55,120 --> 00:36:57,839
Speaker 8: have got a lower growth outlook coming out of this

704
00:36:58,160 --> 00:37:01,279
Speaker 8: than with inflation. Where the strings pushing and pulling in

705
00:37:01,280 --> 00:37:02,480
Speaker 8: different directions.

706
00:37:03,239 --> 00:37:04,640
Speaker 3: Kelly, great to have you on the show. Thank you,

707
00:37:04,719 --> 00:37:07,560
Speaker 3: Kelly E Cold, Westpac Chief Economist. It is ten minutes

708
00:37:07,600 --> 00:37:13,200
Speaker 3: after five. Rich government is saying yes please to woolen

709
00:37:13,239 --> 00:37:17,160
Speaker 3: insulation and carpets and government buildings over synthetic materials from July.

710
00:37:17,280 --> 00:37:20,040
Speaker 3: All government buildings worth more than nine million dollars and

711
00:37:20,120 --> 00:37:22,799
Speaker 3: refurbishments with the price tag of one hundred thousand dollars

712
00:37:22,920 --> 00:37:28,000
Speaker 3: or more must use Kiwi will quote where possible. This

713
00:37:28,080 --> 00:37:30,320
Speaker 3: is all part of the New Zealand First coalition. Dear Winston,

714
00:37:30,320 --> 00:37:31,280
Speaker 3: Peter's proud as punch.

715
00:37:31,520 --> 00:37:34,239
Speaker 9: We are proud as a government as a party to

716
00:37:34,440 --> 00:37:37,440
Speaker 9: back our farmers and rural sectors in there many thousands

717
00:37:37,480 --> 00:37:40,400
Speaker 9: of workers. We are putting New Zealand wool first again.

718
00:37:40,760 --> 00:37:43,839
Speaker 3: Kara Biggs is with the Campaign for Wool here and

719
00:37:43,880 --> 00:37:44,440
Speaker 3: she's with me.

720
00:37:44,400 --> 00:37:47,239
Speaker 23: Now, Hi, Kara, Hello Ryan, thanks for having us.

721
00:37:47,440 --> 00:37:48,800
Speaker 3: You happy as Winston is?

722
00:37:50,480 --> 00:37:53,719
Speaker 23: I think maybe can we be happier, really ecstatic about this?

723
00:37:53,760 --> 00:37:54,400
Speaker 23: It's amazing.

724
00:37:54,800 --> 00:37:56,759
Speaker 3: What about the nine million dollars? You know they're going

725
00:37:56,800 --> 00:37:59,240
Speaker 3: to have to build buildings worth more than nine million dollars.

726
00:37:59,280 --> 00:38:00,399
Speaker 3: How many of those are they doing?

727
00:38:01,640 --> 00:38:01,879
Speaker 10: Well?

728
00:38:01,920 --> 00:38:03,640
Speaker 23: It's hard to say at the moment, but what they

729
00:38:03,680 --> 00:38:07,879
Speaker 23: are doing is they are absolutely making sure that agencies

730
00:38:07,920 --> 00:38:12,120
Speaker 23: within the government are making sure that they prioritize wool

731
00:38:12,719 --> 00:38:15,839
Speaker 23: products within all of their builds. And not only that,

732
00:38:15,880 --> 00:38:18,600
Speaker 23: I mean Nikola Wallace also willis sorry, also said that

733
00:38:18,680 --> 00:38:22,640
Speaker 23: she is asking agencies to report against why they haven't

734
00:38:22,800 --> 00:38:25,040
Speaker 23: chosen wols, So they really they don't really have a

735
00:38:25,400 --> 00:38:26,799
Speaker 23: get out of jail free card.

736
00:38:27,840 --> 00:38:28,040
Speaker 10: Yeah.

737
00:38:28,080 --> 00:38:30,440
Speaker 3: I was going to say, there is that language still around,

738
00:38:30,520 --> 00:38:33,960
Speaker 3: you know where possible. I think it says or as appropriate.

739
00:38:34,040 --> 00:38:34,960
Speaker 3: Are you worried about that?

740
00:38:36,680 --> 00:38:41,719
Speaker 23: So, honestly I was, But having heard the three of

741
00:38:41,760 --> 00:38:45,520
Speaker 23: them speak today, not so much. They will be asking

742
00:38:45,560 --> 00:38:49,120
Speaker 23: for reports. They say, Woll stacks up. They say it's

743
00:38:49,120 --> 00:38:52,360
Speaker 23: a value conversation. Now it's not a cost conversation. And

744
00:38:52,400 --> 00:38:55,360
Speaker 23: it's a long term play. So it's not just about

745
00:38:55,480 --> 00:38:57,520
Speaker 23: how much this is going to cost. Now, it's what's

746
00:38:57,560 --> 00:38:59,879
Speaker 23: the value for money in the long term. So now

747
00:39:00,000 --> 00:39:02,200
Speaker 23: I'm not very much less worried about that.

748
00:39:02,760 --> 00:39:05,000
Speaker 3: Will is so good for so many different reasons. And

749
00:39:05,040 --> 00:39:07,239
Speaker 3: I say this as the son in law of a

750
00:39:07,280 --> 00:39:10,600
Speaker 3: sheep and beef farmer who and so I've kind of

751
00:39:10,680 --> 00:39:13,000
Speaker 3: learned over the last few years. But can you just

752
00:39:13,040 --> 00:39:17,640
Speaker 3: tell us even the flammable qualities. You put a match

753
00:39:17,719 --> 00:39:20,480
Speaker 3: up to a lighter up to this over the synthetic stuff,

754
00:39:20,520 --> 00:39:21,520
Speaker 3: it's day night.

755
00:39:22,320 --> 00:39:24,440
Speaker 23: Yeah, yeah, one hundred percent. So if you put a

756
00:39:24,480 --> 00:39:27,720
Speaker 23: match up to a synthetic product, it will basically melt,

757
00:39:27,920 --> 00:39:31,200
Speaker 23: and it melts in a big gooey mess. It can

758
00:39:31,239 --> 00:39:35,279
Speaker 23: melt onto skin. It causes all sorts of issues. If

759
00:39:35,600 --> 00:39:39,160
Speaker 23: you have a wool product, it will ignite at a

760
00:39:39,239 --> 00:39:42,440
Speaker 23: very high temperature. But to start with, it basically scorches.

761
00:39:42,480 --> 00:39:44,400
Speaker 23: And that's why as kids we were all given you know,

762
00:39:44,440 --> 00:39:46,520
Speaker 23: woolen blankets on the end of our bed so that

763
00:39:46,560 --> 00:39:48,719
Speaker 23: we could wrap ourselves up at them and you know,

764
00:39:48,800 --> 00:39:51,720
Speaker 23: run out of a house fire will it will scorch,

765
00:39:51,800 --> 00:39:53,919
Speaker 23: but it will not burn until it is a very

766
00:39:54,239 --> 00:39:56,480
Speaker 23: very high ignition point.

767
00:39:57,560 --> 00:39:59,399
Speaker 3: How much do you reckon it might be worth, Kara,

768
00:40:00,120 --> 00:40:01,080
Speaker 3: something like this.

769
00:40:02,680 --> 00:40:07,520
Speaker 23: Millions and millions. So basically it's not just what the

770
00:40:07,560 --> 00:40:10,320
Speaker 23: government is putting in front of us. So I think

771
00:40:10,640 --> 00:40:14,719
Speaker 23: Minister Patterson said we could easily double exports with this. Now,

772
00:40:14,760 --> 00:40:18,000
Speaker 23: obviously this isn't an export conversation, but what this will

773
00:40:18,000 --> 00:40:20,440
Speaker 23: do is it will start to create more and more demand.

774
00:40:21,480 --> 00:40:25,920
Speaker 23: So growers, manufacturers, brands, they will all read the benefits,

775
00:40:25,920 --> 00:40:28,440
Speaker 23: the financial benefits from this decision today.

776
00:40:29,000 --> 00:40:31,040
Speaker 3: Kara, I appreciate your time, Thank you very much. Kara

777
00:40:31,080 --> 00:40:33,759
Speaker 3: Biggs's the general manager at the campaign for Will. Very

778
00:40:33,760 --> 00:40:37,359
Speaker 3: happy chappy. Fourteen minutes after five, Ryan Brich someone says,

779
00:40:37,360 --> 00:40:39,919
Speaker 3: does anyone know how much the key we will will

780
00:40:39,960 --> 00:40:43,040
Speaker 3: cost versus synthetics? Everyone's going to be moaning about that soon.

781
00:40:43,200 --> 00:40:46,359
Speaker 3: It's true, it is a lot more expensive. And that's why.

782
00:40:46,520 --> 00:40:48,040
Speaker 3: Do you remember we did this story a couple of

783
00:40:48,040 --> 00:40:52,360
Speaker 3: months ago about eyeing or order not using New Zealand

784
00:40:52,400 --> 00:40:55,360
Speaker 3: Will in their homes to refurb their homes because the

785
00:40:55,360 --> 00:40:57,760
Speaker 3: synthetic was so much cheaper. It was like half the cost.

786
00:40:58,480 --> 00:41:02,040
Speaker 3: But there are upsides to the local economy from doing this.

787
00:41:02,120 --> 00:41:04,680
Speaker 3: Here I am sounding like an economic protectionist, which is

788
00:41:04,760 --> 00:41:07,120
Speaker 3: what Winston Peters sounded a lot like today, which is

789
00:41:07,520 --> 00:41:09,719
Speaker 3: right up his alley. But yeah, it is going to

790
00:41:09,719 --> 00:41:11,759
Speaker 3: be more expensive, but then you have the flow on

791
00:41:12,000 --> 00:41:14,440
Speaker 3: effects and you have the economic benefits and the jobs

792
00:41:14,440 --> 00:41:16,880
Speaker 3: et cetera, et cetera, et cetera. And it's also something

793
00:41:16,920 --> 00:41:20,759
Speaker 3: that we are basically producing anyway, you know, and at

794
00:41:20,760 --> 00:41:22,560
Speaker 3: the moment a lot of it just gets thrown out

795
00:41:23,400 --> 00:41:25,160
Speaker 3: and you talk to farmers and they say it's actually

796
00:41:25,200 --> 00:41:27,839
Speaker 3: cheaper to it costs you more to get it off

797
00:41:27,880 --> 00:41:31,799
Speaker 3: than to leave it on the number to text news

798
00:41:31,800 --> 00:41:33,880
Speaker 3: talks he'd be Wayne Brown has found himself in a

799
00:41:33,880 --> 00:41:37,839
Speaker 3: bit of trouble because he took a call, a video call,

800
00:41:38,000 --> 00:41:41,720
Speaker 3: while he was in a car driving it ironically, talking

801
00:41:41,760 --> 00:41:44,200
Speaker 3: to the Aukland Transport Committee. Have listened. This is some

802
00:41:44,280 --> 00:41:49,799
Speaker 3: of the audio. Nope, we haven't got it. Sorry, I

803
00:41:49,840 --> 00:41:51,520
Speaker 3: thought we had Wayne Brown audio, but we don't have

804
00:41:51,560 --> 00:41:53,960
Speaker 3: Wayne Brown audio, which is fine because all you need

805
00:41:54,000 --> 00:41:57,160
Speaker 3: to know is that it's basically a camera up Wayne

806
00:41:57,200 --> 00:42:03,320
Speaker 3: Brown's nose and Wayne Brown takes a call and speaks

807
00:42:03,360 --> 00:42:08,480
Speaker 3: to the Transport Committee while he's driving his car. Anyway,

808
00:42:08,520 --> 00:42:09,879
Speaker 3: here's a little bit of the audio.

809
00:42:10,040 --> 00:42:12,640
Speaker 7: Those lines within the submission.

810
00:42:15,280 --> 00:42:16,080
Speaker 2: All right, well.

811
00:42:18,080 --> 00:42:19,240
Speaker 7: Submission yep.

812
00:42:20,960 --> 00:42:25,399
Speaker 11: And I'm not as keen on any exemptions as some

813
00:42:25,760 --> 00:42:26,759
Speaker 11: council of seen to be.

814
00:42:27,239 --> 00:42:29,560
Speaker 3: Everyone in the room's kind of stunned because they can

815
00:42:29,600 --> 00:42:32,719
Speaker 3: see he's driving a car anyway. Half the shots are

816
00:42:32,800 --> 00:42:36,560
Speaker 3: up his nose. He's talking to transport people. It's Wayne's world,

817
00:42:36,680 --> 00:42:38,279
Speaker 3: and we're just living in it, aren't we. There's no

818
00:42:38,360 --> 00:42:42,040
Speaker 3: road cones in Wayne's world. There's no muppets in Wayne's world.

819
00:42:42,120 --> 00:42:46,200
Speaker 3: And you're allowed to drive with the phone on video

820
00:42:46,320 --> 00:42:50,560
Speaker 3: conference sixteen after five. Strap yourselves in, everybody, get your

821
00:42:50,600 --> 00:42:53,279
Speaker 3: credit card ready. There is a great deal coming your way.

822
00:42:53,320 --> 00:42:55,000
Speaker 3: You can grab a case of one of the most

823
00:42:55,440 --> 00:42:58,760
Speaker 3: ludicrously good New Zealand wine deals that you will see

824
00:42:58,800 --> 00:43:01,279
Speaker 3: all year. And it's available online right now the Good

825
00:43:01,280 --> 00:43:04,400
Speaker 3: Wine Code. This is a canceled export order of Mammoth

826
00:43:04,440 --> 00:43:08,719
Speaker 3: Proportions quality Mulbra seven Yon Blanc. It's originally destination. Our

827
00:43:08,800 --> 00:43:12,200
Speaker 3: destination was an offshore market, now being urgently cleared at

828
00:43:12,200 --> 00:43:15,279
Speaker 3: a rock bottom price of nine ninety nine a bottle, yep,

829
00:43:15,360 --> 00:43:18,799
Speaker 3: ninety nine bottle. It's canceled export order Marlbra seven Yon Blanc.

830
00:43:18,800 --> 00:43:21,759
Speaker 3: The wine is called Southern Lines Mulbra seven Yon Blanc

831
00:43:21,800 --> 00:43:23,920
Speaker 3: twenty twenty three. If you've tried it, you'll like it.

832
00:43:24,200 --> 00:43:26,279
Speaker 3: Let's just say the quality you're getting here for the

833
00:43:26,280 --> 00:43:28,960
Speaker 3: money is pretty off the scale. This is classic Mulbra

834
00:43:29,080 --> 00:43:32,120
Speaker 3: saven a glass. You've got your zesty flavors, your tropical

835
00:43:32,160 --> 00:43:35,680
Speaker 3: fruit flavors are refreshing, dry, finish, mark our words. You'll

836
00:43:35,680 --> 00:43:38,239
Speaker 3: be seriously impressed. And it gets better. Pay just a

837
00:43:38,320 --> 00:43:41,560
Speaker 3: dollar per case delivery nationwide and conditions apply to that

838
00:43:41,960 --> 00:43:43,759
Speaker 3: to not miss out on this. It's going to fly

839
00:43:43,960 --> 00:43:47,240
Speaker 3: off the shelves. This is quality Marlbra Sevenyon Blanc canceled

840
00:43:47,280 --> 00:43:49,920
Speaker 3: export order nine to ninety nine per bottle and a

841
00:43:49,960 --> 00:43:51,719
Speaker 3: dollar per case delivery to your door. What more do

842
00:43:51,760 --> 00:43:54,120
Speaker 3: you want? Phones are open, but they'll be ringing hot.

843
00:43:54,160 --> 00:43:56,120
Speaker 3: Your best bet is to go online right now the

844
00:43:56,120 --> 00:43:58,520
Speaker 3: Goodwineco dot co, dot MZ. You can call eight hundred

845
00:43:58,560 --> 00:44:01,400
Speaker 3: double six two double six to two, Ryan Bridge so

846
00:44:01,440 --> 00:44:04,680
Speaker 3: many texts on Wayne Brown Ryan. I call into meetings

847
00:44:04,760 --> 00:44:07,360
Speaker 3: all the time while driving. Provided the phone is on

848
00:44:07,480 --> 00:44:11,560
Speaker 3: hands free, it's perfectly legal. Well he wasn't just on

849
00:44:11,640 --> 00:44:14,720
Speaker 3: hands free, and I've looked up what the law says.

850
00:44:14,960 --> 00:44:17,880
Speaker 3: But just so that everyone is aware, he was holding

851
00:44:17,920 --> 00:44:20,960
Speaker 3: the phone because he was moving it. He moved it

852
00:44:21,000 --> 00:44:24,760
Speaker 3: from his lap to his face, so he's clearly holding

853
00:44:24,800 --> 00:44:26,920
Speaker 3: the phone, which you're not allowed to do. The law

854
00:44:27,080 --> 00:44:30,440
Speaker 3: says you can use your phone only if either of

855
00:44:30,480 --> 00:44:33,640
Speaker 3: the following is true. It's secured to a mounted fix

856
00:44:33,880 --> 00:44:36,880
Speaker 3: on the vehicle, or you are able to operate it

857
00:44:36,920 --> 00:44:40,160
Speaker 3: without touching any part of the phone by Bluetooth, voice activation,

858
00:44:40,239 --> 00:44:43,080
Speaker 3: et cetera, et cetera. So actually, I guess that person

859
00:44:43,320 --> 00:44:47,480
Speaker 3: was right, but Wayne wasn't. Twenty one after five ray

860
00:44:47,640 --> 00:44:49,680
Speaker 3: Bridge shade tarifs are in place. Now they've been in

861
00:44:49,719 --> 00:44:51,759
Speaker 3: place for just over an hour. It's ten percent for

862
00:44:51,880 --> 00:44:54,840
Speaker 3: Kiwi Goods heading to the United States. James Annabel is

863
00:44:54,840 --> 00:44:57,080
Speaker 3: the founder of Egmont. Honey, he's with me tonight, got

864
00:44:57,120 --> 00:45:00,600
Speaker 3: stuff hitting that way. James, good evening, Thanks.

865
00:45:00,400 --> 00:45:00,799
Speaker 10: For having me.

866
00:45:00,880 --> 00:45:03,200
Speaker 3: Good to have you on. So just how well, what

867
00:45:03,239 --> 00:45:05,200
Speaker 3: have you got in the ocean at the moment heading

868
00:45:05,239 --> 00:45:07,680
Speaker 3: to the States, And what's the deal with the tariffs.

869
00:45:08,480 --> 00:45:10,680
Speaker 24: Yeah, we've got five or six containers on the water

870
00:45:11,040 --> 00:45:13,320
Speaker 24: which I believe are exempt actually is which is great,

871
00:45:13,960 --> 00:45:15,959
Speaker 24: But I know for a fact that we've sort of

872
00:45:16,040 --> 00:45:18,320
Speaker 24: we've got about ten containers due to leave sort of

873
00:45:18,360 --> 00:45:19,640
Speaker 24: end of April May, which will.

874
00:45:19,520 --> 00:45:21,560
Speaker 3: All be subject to ten percent tariffs.

875
00:45:21,600 --> 00:45:24,000
Speaker 24: So we were obviously scrambling when we got the news

876
00:45:24,080 --> 00:45:24,600
Speaker 24: last week.

877
00:45:25,120 --> 00:45:27,040
Speaker 3: The ones that are exempt, do you mean because they

878
00:45:27,040 --> 00:45:29,160
Speaker 3: are already on the water, they won't face the charge

879
00:45:29,200 --> 00:45:31,319
Speaker 3: that's happened too soon. Yeah, that's right.

880
00:45:31,320 --> 00:45:34,120
Speaker 24: So I believe anything that left kind of after Saturday,

881
00:45:34,200 --> 00:45:38,000
Speaker 24: well before Saturday last week, we're exempt. I could be

882
00:45:38,000 --> 00:45:39,960
Speaker 24: wrong there, as an expert, will probably bring it in

883
00:45:40,000 --> 00:45:42,400
Speaker 24: some wrong, but we understand that what's on the water.

884
00:45:42,280 --> 00:45:43,560
Speaker 3: Now is okay.

885
00:45:44,200 --> 00:45:45,800
Speaker 24: But the containers to come are all going to be

886
00:45:46,320 --> 00:45:47,360
Speaker 24: subject to that ten percent.

887
00:45:47,480 --> 00:45:50,480
Speaker 3: And for the honey that's going in April, have you

888
00:45:50,920 --> 00:45:53,120
Speaker 3: figured out you whether you'll be able to pass that

889
00:45:53,160 --> 00:45:54,320
Speaker 3: on to your consumers?

890
00:45:54,719 --> 00:45:57,000
Speaker 24: Yeah, Look, we're we're in a situation where we've got

891
00:45:57,000 --> 00:45:58,880
Speaker 24: a bit of a pipeline fill because we've just won

892
00:45:58,960 --> 00:46:01,880
Speaker 24: a big, big chunk of business with Costco USA, so

893
00:46:01,960 --> 00:46:04,279
Speaker 24: we yeah, we obviously jump on the emails pretty quick

894
00:46:04,320 --> 00:46:05,759
Speaker 24: to try and get a meeting with the buyer, and

895
00:46:06,239 --> 00:46:08,520
Speaker 24: luckily he was pretty responsive and he's actually allowed us

896
00:46:08,520 --> 00:46:13,040
Speaker 24: to pass that ten percent onto them, So we've escaped

897
00:46:13,040 --> 00:46:15,600
Speaker 24: it pretty well. And of course, when you're when you're

898
00:46:15,600 --> 00:46:18,239
Speaker 24: tendering for that kind of work, you know, you put

899
00:46:18,280 --> 00:46:20,160
Speaker 24: your best foot forward anyway, So we couldn't afford really

900
00:46:20,160 --> 00:46:21,880
Speaker 24: to to suck up ten percent and he knew that.

901
00:46:22,120 --> 00:46:25,080
Speaker 24: So I guess it's the US consumer that will well

902
00:46:25,239 --> 00:46:26,480
Speaker 24: will take the brunt of they'll have.

903
00:46:26,400 --> 00:46:28,320
Speaker 2: To wear it in our case, yeah.

904
00:46:28,120 --> 00:46:29,200
Speaker 3: Will they buy less?

905
00:46:30,840 --> 00:46:31,040
Speaker 10: Look?

906
00:46:31,080 --> 00:46:31,720
Speaker 3: I guess that's.

907
00:46:31,600 --> 00:46:35,879
Speaker 24: Always the the conundrum we're in, you know, economic uncertain times.

908
00:46:35,880 --> 00:46:37,880
Speaker 24: Are people going to pay an extra ten percent for manuucua?

909
00:46:38,239 --> 00:46:40,759
Speaker 24: I mean it's already a premium product, but if I guess,

910
00:46:40,840 --> 00:46:44,120
Speaker 24: if you know, if your household shop, your price of

911
00:46:44,160 --> 00:46:46,759
Speaker 24: everything's going up, you're certainly going to be considering whether

912
00:46:46,760 --> 00:46:47,520
Speaker 24: you need a pot.

913
00:46:47,360 --> 00:46:48,840
Speaker 3: Of Manuka honey.

914
00:46:48,880 --> 00:46:52,600
Speaker 24: But you know, places like Costco they're pretty competitive anyway,

915
00:46:52,640 --> 00:46:54,879
Speaker 24: so we're we're not too concerned at the moment.

916
00:46:55,440 --> 00:46:57,080
Speaker 3: James, good to have you on the show. And who

917
00:46:57,120 --> 00:46:59,680
Speaker 3: doesn't want Look, even if it's ten percent extra, you

918
00:47:00,000 --> 00:47:02,480
Speaker 3: want your Egmont honey, don't you? James Annavel, founder of

919
00:47:02,520 --> 00:47:04,640
Speaker 3: Eggmont Honey. It is twenty three minutes after five year

920
00:47:04,680 --> 00:47:06,319
Speaker 3: on news talks there'd be. There was a report out

921
00:47:06,360 --> 00:47:09,680
Speaker 3: today on violence or threats against MPs. I'll tell you

922
00:47:09,719 --> 00:47:10,359
Speaker 3: about that next.

923
00:47:11,840 --> 00:47:14,920
Speaker 1: Checking the point of the story, it's Ryan Bridge on

924
00:47:15,080 --> 00:47:19,160
Speaker 1: either duplic Ellen Drive with one New Zealand let's get

925
00:47:19,200 --> 00:47:20,600
Speaker 1: connected and us talks'd b.

926
00:47:20,840 --> 00:47:23,920
Speaker 3: Five twenty six. There's another report out today about keyboard

927
00:47:23,960 --> 00:47:29,000
Speaker 3: warriors saying nasty things, awful things to politicians. It happens

928
00:47:29,000 --> 00:47:31,480
Speaker 3: to people on both sides of politics. This report out

929
00:47:31,480 --> 00:47:34,239
Speaker 3: today only spoke to women MPs, but it says that

930
00:47:34,320 --> 00:47:37,160
Speaker 3: they copy it more than men. They get it worse

931
00:47:37,320 --> 00:47:41,520
Speaker 3: than men. Death threats, racist stuff, all the worst bits

932
00:47:41,520 --> 00:47:44,960
Speaker 3: of social media. And having worked alongside some high profile

933
00:47:45,000 --> 00:47:46,840
Speaker 3: women in the news in my time, I know that

934
00:47:46,880 --> 00:47:49,360
Speaker 3: they get stuff about their appearance far more than men do.

935
00:47:49,480 --> 00:47:51,480
Speaker 3: I know that for a fact, because I've seen the emails.

936
00:47:51,520 --> 00:47:55,279
Speaker 3: It's crap. Here's the problem. I don't think it's ever

937
00:47:55,320 --> 00:47:59,160
Speaker 3: going to stop or change. The Internet is a cess

938
00:47:59,200 --> 00:48:01,680
Speaker 3: pit and it brings out the worst in people. We

939
00:48:01,719 --> 00:48:04,279
Speaker 3: all know. Social media is bad for children, it's bad

940
00:48:04,280 --> 00:48:07,120
Speaker 3: for adults. It rewires the brain. It makes us dumb,

941
00:48:07,200 --> 00:48:10,960
Speaker 3: it makes us intolerant. People get radicalized, doesn't matter which

942
00:48:10,960 --> 00:48:13,800
Speaker 3: side of politics you come from. Social media is generally

943
00:48:13,960 --> 00:48:18,719
Speaker 3: not a rational destination for meaningful debate in my experience.

944
00:48:19,120 --> 00:48:23,239
Speaker 3: So my question is why go there if it is

945
00:48:23,280 --> 00:48:26,640
Speaker 3: so toxic, so bad for your mental health, the stress,

946
00:48:26,719 --> 00:48:31,560
Speaker 3: the anxiety, the depression, switch it off. I did exactly

947
00:48:31,600 --> 00:48:33,080
Speaker 3: that a couple of years ago. I got rid of

948
00:48:33,120 --> 00:48:35,680
Speaker 3: the apps on my phone. What you did is don't

949
00:48:35,680 --> 00:48:37,759
Speaker 3: see you can't hurt you. My life has been a

950
00:48:37,840 --> 00:48:40,560
Speaker 3: miserably better ever since. People say, oh, but I need

951
00:48:40,600 --> 00:48:44,399
Speaker 3: it for work or to communicate with constituents for an MP.

952
00:48:45,560 --> 00:48:49,680
Speaker 3: We manage just fine pre Internet people. We have email

953
00:48:50,480 --> 00:48:53,960
Speaker 3: where bad words can be screened and binned before reading.

954
00:48:54,160 --> 00:48:57,239
Speaker 3: If anything, politicians should be leading the charge on this

955
00:48:57,320 --> 00:49:00,200
Speaker 3: and saying to young people, hey, email me because is

956
00:49:00,200 --> 00:49:03,919
Speaker 3: actually phones aren't that great for you? Is it going

957
00:49:03,960 --> 00:49:05,480
Speaker 3: to change society doing this?

958
00:49:06,000 --> 00:49:06,200
Speaker 2: No?

959
00:49:06,960 --> 00:49:09,880
Speaker 3: Will it change your life? Without a doubt.

960
00:49:10,320 --> 00:49:13,480
Speaker 25: Brian Bridge on News Talks, there'd be.

961
00:49:13,560 --> 00:49:15,480
Speaker 3: I just had a text from my mum that says,

962
00:49:15,920 --> 00:49:18,040
Speaker 3: if you get a chance, please so high at Grandma.

963
00:49:18,080 --> 00:49:20,120
Speaker 3: She's listening to you from hospital. She's had a knee

964
00:49:20,160 --> 00:49:22,880
Speaker 3: op today. So hi, Gramdmar. I hope your knee is

965
00:49:22,880 --> 00:49:26,480
Speaker 3: feeling all right at eighty eight A new need? Do

966
00:49:26,560 --> 00:49:29,320
Speaker 3: you need one? You know? What are you going to

967
00:49:29,360 --> 00:49:32,760
Speaker 3: do with that? Grandma? Run a marathon? Is there someone

968
00:49:32,840 --> 00:49:37,960
Speaker 3: more needy than you? Hope your needs healing well, Grannie.

969
00:49:38,520 --> 00:49:41,040
Speaker 3: The huddle is next.

970
00:49:44,920 --> 00:49:49,120
Speaker 1: After making the news, the news makers talk to Ryan first.

971
00:49:49,320 --> 00:49:53,000
Speaker 1: It's Ryan Bridge on Hither Duplicy Ellen Drive with one

972
00:49:53,080 --> 00:49:55,160
Speaker 1: New Zealand let's get connected.

973
00:49:55,320 --> 00:49:57,880
Speaker 2: News talks 'd bed you're taking me?

974
00:50:01,160 --> 00:50:02,880
Speaker 15: Would you.

975
00:50:08,120 --> 00:50:08,640
Speaker 23: Drunk of you.

976
00:50:11,840 --> 00:50:12,040
Speaker 20: Good?

977
00:50:12,440 --> 00:50:14,440
Speaker 3: It is twenty four minutes away from six Yer on

978
00:50:14,480 --> 00:50:17,839
Speaker 3: news talk z'b. I'm honestly quite surprised. I made a

979
00:50:17,880 --> 00:50:20,720
Speaker 3: throwaway comment about my grandma before we went to news,

980
00:50:20,800 --> 00:50:24,240
Speaker 3: who's currently having a knee operation in Wellington in the hospital.

981
00:50:25,200 --> 00:50:28,400
Speaker 3: Wished her well, made a little joke that my grandmother

982
00:50:28,440 --> 00:50:33,120
Speaker 3: would understand and appreciate. And man, people saying I'm disrespectful

983
00:50:33,120 --> 00:50:35,759
Speaker 3: to I need to apologize to my grandmother. I've gone

984
00:50:35,840 --> 00:50:40,160
Speaker 3: down in your estimations. Sandra says, your popularity with me

985
00:50:40,280 --> 00:50:44,120
Speaker 3: is now in the toilet. Don't worry. Grandma understands she's

986
00:50:44,120 --> 00:50:46,920
Speaker 3: going to be fine. Twenty three away from six now.

987
00:50:47,080 --> 00:50:50,280
Speaker 3: So Benjamin Doyle in Wellington he came to Parliament today.

988
00:50:50,320 --> 00:50:54,120
Speaker 3: Return to Parliament reflected on the fact that they've been

989
00:50:54,320 --> 00:50:57,040
Speaker 3: facing a huge amount of threats, more than they could

990
00:50:57,080 --> 00:50:58,879
Speaker 3: have ever expected. Have a listen, that.

991
00:50:58,960 --> 00:51:02,040
Speaker 5: My life and that of my child would be threatened,

992
00:51:04,400 --> 00:51:09,640
Speaker 5: that poisonous, transphobic hate and imported culture wars would be

993
00:51:09,760 --> 00:51:15,480
Speaker 5: leveled against me and my community, not just by extremists online,

994
00:51:16,320 --> 00:51:20,200
Speaker 5: but by individuals who hold the highest level of authority

995
00:51:20,520 --> 00:51:21,719
Speaker 5: in this institution.

996
00:51:22,680 --> 00:51:25,040
Speaker 3: The threats are apparently significant.

997
00:51:25,480 --> 00:51:29,040
Speaker 5: I have been fielding a significant number of threats to

998
00:51:29,160 --> 00:51:32,200
Speaker 5: my life and the safety of my child and family,

999
00:51:33,120 --> 00:51:36,360
Speaker 5: some of which have been so graphic and disturbing that

1000
00:51:36,440 --> 00:51:39,680
Speaker 5: I have been advised not to leave my house or

1001
00:51:39,719 --> 00:51:43,600
Speaker 5: appear in public due to real concerns for my safety.

1002
00:51:44,280 --> 00:51:47,680
Speaker 3: With regards to the words a word bussy, the.

1003
00:51:47,840 --> 00:51:51,279
Speaker 5: Words I used in my private account historically were not

1004
00:51:51,480 --> 00:51:55,320
Speaker 5: sexual words. They were nicknames and references to myself.

1005
00:51:56,160 --> 00:51:58,000
Speaker 3: Doyle said he was worn by the Greens.

1006
00:51:58,440 --> 00:52:00,800
Speaker 5: This is why when I was advised by the party

1007
00:52:00,880 --> 00:52:04,600
Speaker 5: to delete the page before coming to Parliament, I chose

1008
00:52:04,640 --> 00:52:08,280
Speaker 5: not to. I can admit that I was politically naive.

1009
00:52:10,239 --> 00:52:12,120
Speaker 3: All right, Let's leave it there and move on. Twenty

1010
00:52:12,120 --> 00:52:13,200
Speaker 3: two away from six.

1011
00:52:13,719 --> 00:52:17,040
Speaker 1: The Huddle with New Zealand Southurby's International Realty, the ones

1012
00:52:17,080 --> 00:52:19,920
Speaker 1: with worldwide connections that perform.

1013
00:52:19,440 --> 00:52:20,080
Speaker 2: Not promise.

1014
00:52:20,360 --> 00:52:22,520
Speaker 3: Jack Tame, host of Saturday Mornings and Q and A's

1015
00:52:22,560 --> 00:52:24,560
Speaker 3: in the studio. Hey Jack, to see.

1016
00:52:24,360 --> 00:52:28,319
Speaker 26: You sitting here all comfortable, knowing your poor grandma. She

1017
00:52:28,400 --> 00:52:30,440
Speaker 26: would have been tuning in. She would have had everyone

1018
00:52:30,480 --> 00:52:33,640
Speaker 26: at the hospital tuning in, saying, listen to this my grandson.

1019
00:52:33,680 --> 00:52:35,799
Speaker 26: Look at what he's become. He's achieved so much in

1020
00:52:35,840 --> 00:52:42,160
Speaker 26: this world, only to hear those monstrous words unbelievable, unbelievable.

1021
00:52:42,200 --> 00:52:45,520
Speaker 3: You know what, Grannie has a wilder sense of humor

1022
00:52:45,560 --> 00:52:47,840
Speaker 3: than I do, even at the ripe hold age of

1023
00:52:47,920 --> 00:52:50,000
Speaker 3: eighty eight, so she'll be cackling away in bed.

1024
00:52:50,080 --> 00:52:50,360
Speaker 4: I know.

1025
00:52:51,080 --> 00:52:53,200
Speaker 26: To explain to her what the word bussy means, that's

1026
00:52:53,200 --> 00:52:53,720
Speaker 26: my question.

1027
00:52:53,800 --> 00:52:56,960
Speaker 3: Wow, we actually never had that conversation, so I'm hoping

1028
00:52:57,040 --> 00:52:59,120
Speaker 3: she worked it out on her own. Tim Wilson's of

1029
00:52:59,400 --> 00:53:03,759
Speaker 3: two from the Max Some Institute Evening, Tim.

1030
00:53:02,760 --> 00:53:04,960
Speaker 27: Oh good A and Cira and Yeah, I'm with Jack.

1031
00:53:05,040 --> 00:53:07,279
Speaker 27: I think once Granny's knees fixed, she's going to walk

1032
00:53:07,360 --> 00:53:09,880
Speaker 27: up and watch that mouth of yours that have healthy

1033
00:53:09,960 --> 00:53:10,759
Speaker 27: mouth of yours out.

1034
00:53:10,800 --> 00:53:11,200
Speaker 3: What's soap?

1035
00:53:11,320 --> 00:53:12,920
Speaker 10: That's the thing, it'll be well deserved.

1036
00:53:13,400 --> 00:53:15,800
Speaker 3: Then they don't walk far. That's the thing that's happened.

1037
00:53:17,360 --> 00:53:19,279
Speaker 10: Oh, I see, you're going to be running away. You're

1038
00:53:19,280 --> 00:53:20,440
Speaker 10: not going to take your punishment.

1039
00:53:21,239 --> 00:53:24,279
Speaker 3: Hey, let's talk about something else at the ocr So

1040
00:53:24,360 --> 00:53:27,120
Speaker 3: we've had twenty five basis point drop today, which everybody

1041
00:53:27,160 --> 00:53:30,080
Speaker 3: was expecting. Jack probably the right and sensible thing to do.

1042
00:53:30,120 --> 00:53:32,520
Speaker 3: Plus Christian hawks, we've just got in there. You're hardly

1043
00:53:32,520 --> 00:53:34,640
Speaker 3: going to come in and shake up boom boom, shake

1044
00:53:34,719 --> 00:53:36,799
Speaker 3: up the room on the first go, are you No?

1045
00:53:37,040 --> 00:53:37,640
Speaker 3: I don't think so.

1046
00:53:37,719 --> 00:53:40,520
Speaker 26: And like, if there's one word I think I've heard

1047
00:53:40,520 --> 00:53:42,879
Speaker 26: one hundred and fifty thousand times over the last six

1048
00:53:43,000 --> 00:53:46,400
Speaker 26: or seven days, it's the word uncertainty, and it just

1049
00:53:46,520 --> 00:53:49,759
Speaker 26: can't seems to be the thing that is defining markets

1050
00:53:50,000 --> 00:53:54,080
Speaker 26: and fiscal responses and geopolitics everywhere at the moment. I mean,

1051
00:53:54,080 --> 00:53:55,879
Speaker 26: there'll be some people who say, actually the Reserve Bank

1052
00:53:55,920 --> 00:53:57,840
Speaker 26: should be going harder and faster in the face of

1053
00:53:57,880 --> 00:54:02,520
Speaker 26: the tariffs, But can anyone say with any confidence that

1054
00:54:02,560 --> 00:54:04,440
Speaker 26: the tariffs as they stand today are going to be

1055
00:54:04,440 --> 00:54:06,920
Speaker 26: exactly the same three days from now, seven days from now,

1056
00:54:06,920 --> 00:54:07,560
Speaker 26: a month from now.

1057
00:54:07,600 --> 00:54:08,439
Speaker 3: I don't think we can.

1058
00:54:08,560 --> 00:54:11,840
Speaker 26: So I think it's probably the prudent response at the

1059
00:54:11,920 --> 00:54:14,320
Speaker 26: stage for the Reserve Bank just to go, you know what,

1060
00:54:14,440 --> 00:54:16,480
Speaker 26: we're We're going to stick with the directory we were

1061
00:54:16,480 --> 00:54:19,240
Speaker 26: on for the time being. We're waiting when the facts

1062
00:54:19,280 --> 00:54:21,040
Speaker 26: change on the ground. If in a month or so,

1063
00:54:22,160 --> 00:54:25,040
Speaker 26: you know, things are entirely different the global economies and

1064
00:54:25,040 --> 00:54:27,959
Speaker 26: full blown meltdown and we're looking like we're staying here,

1065
00:54:28,400 --> 00:54:29,879
Speaker 26: then maybe we changed tack.

1066
00:54:30,040 --> 00:54:33,440
Speaker 3: Yeah, Tim, It's interesting because if you're waiting to fix

1067
00:54:33,480 --> 00:54:36,000
Speaker 3: and I know a lot of the reports have been saying, oh,

1068
00:54:36,040 --> 00:54:37,560
Speaker 3: you shouldn't do that, you shouldn't try and pick the

1069
00:54:37,560 --> 00:54:39,440
Speaker 3: bottom of the market. Well, I'm trying to do that.

1070
00:54:40,400 --> 00:54:43,000
Speaker 3: So I'm quite happy with how things are going at

1071
00:54:43,000 --> 00:54:45,200
Speaker 3: the moment, because, if anything, they're going to drop further

1072
00:54:45,280 --> 00:54:46,680
Speaker 3: and harder than we thought they were.

1073
00:54:48,120 --> 00:54:51,120
Speaker 27: You think so, And to Jack's point, I hear what

1074
00:54:51,160 --> 00:54:53,880
Speaker 27: you're saying, but under you know, in uncertain times, do

1075
00:54:53,920 --> 00:54:56,320
Speaker 27: you actually maintain the same strategy if you're not sure

1076
00:54:56,680 --> 00:54:58,200
Speaker 27: or do you think actually I'm not sure.

1077
00:54:58,239 --> 00:54:59,600
Speaker 10: I need to make some amendments.

1078
00:55:00,000 --> 00:55:01,680
Speaker 27: There are some of a calling saying, oh, you know,

1079
00:55:01,760 --> 00:55:04,400
Speaker 27: we should we should actually be spending more. We're actually

1080
00:55:04,440 --> 00:55:07,960
Speaker 27: still deficit spending so last year it was one billion

1081
00:55:08,160 --> 00:55:09,440
Speaker 27: per month and you've got to.

1082
00:55:09,560 --> 00:55:10,160
Speaker 10: You know, you gotta.

1083
00:55:10,280 --> 00:55:12,600
Speaker 27: I think Richard People was arguing this morning that in

1084
00:55:12,680 --> 00:55:16,080
Speaker 27: a in an unstable time is a high debt load

1085
00:55:16,480 --> 00:55:18,400
Speaker 27: actually actually that wise?

1086
00:55:18,440 --> 00:55:21,040
Speaker 10: So hmmm, yeah, I'm not sure. I'm not sure.

1087
00:55:21,040 --> 00:55:22,600
Speaker 27: I mean, you know, for the sake of your mortgage,

1088
00:55:22,600 --> 00:55:24,640
Speaker 27: at least maybe go to fifty basis points.

1089
00:55:25,160 --> 00:55:27,680
Speaker 26: Yeah, I mean it's that it's the the global economy's lost.

1090
00:55:27,680 --> 00:55:28,680
Speaker 26: But Ryan Bridge is gain.

1091
00:55:28,800 --> 00:55:32,000
Speaker 3: Am I right? Exactly? At least there are some selver aligning.

1092
00:55:33,400 --> 00:55:36,120
Speaker 27: By granny, by granny a box of chocolates, right, And

1093
00:55:36,160 --> 00:55:36,840
Speaker 27: that might be.

1094
00:55:36,760 --> 00:55:38,279
Speaker 3: At the end of the day, there's only one thing

1095
00:55:38,320 --> 00:55:42,080
Speaker 3: that matters, and that's yourself. Yes, that's the fair right.

1096
00:55:42,120 --> 00:55:44,000
Speaker 3: It's just gone eighteen minutes away from six. We've got

1097
00:55:44,080 --> 00:55:46,160
Speaker 3: Jack Tayman, Tim Wilson on the huddle, will be back

1098
00:55:46,200 --> 00:55:46,880
Speaker 3: in just a moment.

1099
00:55:48,719 --> 00:55:53,000
Speaker 1: The huddle with New Zealand Southeby's International Realty achieve extraordinary

1100
00:55:53,000 --> 00:55:54,759
Speaker 1: results with unparallel reach.

1101
00:55:55,400 --> 00:55:57,720
Speaker 3: Sixteen away from six news talks, there be so Barbara

1102
00:55:57,800 --> 00:56:00,520
Speaker 3: Edmonds is supposed to be on this program after six

1103
00:56:00,560 --> 00:56:02,920
Speaker 3: o'clock tonight because she put out quite a strongly worded

1104
00:56:02,920 --> 00:56:04,440
Speaker 3: email about Nikola Willis.

1105
00:56:04,440 --> 00:56:05,759
Speaker 26: I just want to say how much I'm looking forward

1106
00:56:05,800 --> 00:56:09,200
Speaker 26: to that interview. Well, I'm really keenly anticipating that interview.

1107
00:56:09,320 --> 00:56:12,160
Speaker 3: It may not happen. What We've just had a phone

1108
00:56:12,160 --> 00:56:15,920
Speaker 3: call from Barbara Edmonds and she's pulled out of the interview.

1109
00:56:16,800 --> 00:56:20,879
Speaker 28: She's as a grandma grandma game.

1110
00:56:22,960 --> 00:56:23,640
Speaker 10: That's one of that is.

1111
00:56:24,239 --> 00:56:26,120
Speaker 27: I was thinking it was about you know, we're already

1112
00:56:26,120 --> 00:56:27,880
Speaker 27: in debt enough and that suedo.

1113
00:56:27,960 --> 00:56:29,480
Speaker 10: But no, it's grandma grandma.

1114
00:56:30,560 --> 00:56:33,759
Speaker 3: So yeah, so Jack and Tim Wilson here by the way, Yes,

1115
00:56:33,760 --> 00:56:37,560
Speaker 3: so apparently there was a fire alarm at Parliament, so

1116
00:56:37,680 --> 00:56:40,160
Speaker 3: therefore the interview needs to be canceled. How does that

1117
00:56:40,320 --> 00:56:42,880
Speaker 3: make sense? Anyway, We're trying to get to the bottom

1118
00:56:42,880 --> 00:56:45,640
Speaker 3: of that. Anyway, we'll move on in the meantime. So

1119
00:56:45,719 --> 00:56:50,759
Speaker 3: Auckland University researchers have found that higher EV uptake. Have

1120
00:56:50,840 --> 00:56:52,560
Speaker 3: you got an EV Jack, No, you look like the

1121
00:56:52,600 --> 00:56:54,399
Speaker 3: kind of person that have an EV. No, I don't.

1122
00:56:55,920 --> 00:56:58,640
Speaker 26: I have a hybrid a non plug in home.

1123
00:56:59,200 --> 00:57:01,440
Speaker 3: Well, that's okay, I mean not there's anything wrong with

1124
00:57:01,480 --> 00:57:03,080
Speaker 3: having an EV tim Do you have an ev.

1125
00:57:05,120 --> 00:57:07,400
Speaker 10: Most certainly not. I got a Suzuki Swift.

1126
00:57:08,360 --> 00:57:12,160
Speaker 3: Swifty, so we're okay, and here's but here's here's the deal.

1127
00:57:12,200 --> 00:57:12,799
Speaker 10: Here's the deal.

1128
00:57:12,920 --> 00:57:16,000
Speaker 27: Like you know, dirty coal that powers up EV's actually

1129
00:57:16,000 --> 00:57:19,680
Speaker 27: pollutes more than petrol. There's the battery life issue with evs.

1130
00:57:19,800 --> 00:57:22,800
Speaker 27: There's what happens after the batteries cooked itself. The only

1131
00:57:22,840 --> 00:57:25,040
Speaker 27: person more smuggl than a Tesla owner right now is

1132
00:57:25,080 --> 00:57:26,280
Speaker 27: me and missus Zurki Swift.

1133
00:57:26,360 --> 00:57:28,600
Speaker 3: Yeah, but the thing is in New Zealand, it would

1134
00:57:28,640 --> 00:57:31,640
Speaker 3: be different because it's largely renewable renewable.

1135
00:57:31,760 --> 00:57:34,400
Speaker 26: Yeah, it's more than ninety percent renewable, I think, right. So,

1136
00:57:34,440 --> 00:57:38,800
Speaker 26: but this makes sense like that the transport is only

1137
00:57:39,200 --> 00:57:42,760
Speaker 26: you know, electric powered transport is only as green as

1138
00:57:42,800 --> 00:57:45,560
Speaker 26: the electricity that is powering it. And so if you

1139
00:57:45,600 --> 00:57:47,800
Speaker 26: have read around the world that are still largely dependent

1140
00:57:47,840 --> 00:57:50,960
Speaker 26: on fossil fuels and people are charging electric vehicles with

1141
00:57:51,080 --> 00:57:54,080
Speaker 26: electricity that generated through fossil fuels, then yeah, this is

1142
00:57:54,120 --> 00:57:56,200
Speaker 26: this makes entire sense. It's one of those kind of

1143
00:57:56,200 --> 00:57:58,600
Speaker 26: it's a bit of a first mover problem. Right, Like,

1144
00:57:58,640 --> 00:58:01,360
Speaker 26: if you were to say that, if you believe in

1145
00:58:01,400 --> 00:58:04,560
Speaker 26: the green energy transition, and you say that consumers have

1146
00:58:04,640 --> 00:58:07,520
Speaker 26: a responsibility and that governments have a responsibility, you sort

1147
00:58:07,520 --> 00:58:09,640
Speaker 26: of need them pulling in the same direction. And you

1148
00:58:09,680 --> 00:58:11,320
Speaker 26: can look at this and say, well, actually a big

1149
00:58:11,320 --> 00:58:14,680
Speaker 26: state of consumers have made the transition to evs and

1150
00:58:14,880 --> 00:58:18,600
Speaker 26: they've looked for cleaner forms of transportation. But arguably governments

1151
00:58:18,600 --> 00:58:20,920
Speaker 26: around the world haven't been as quick to move and

1152
00:58:21,120 --> 00:58:24,040
Speaker 26: increasing their green electricity.

1153
00:58:23,520 --> 00:58:25,480
Speaker 3: Because a lot of them can't. Well, and there's just

1154
00:58:25,640 --> 00:58:29,040
Speaker 3: like land reasons why you can't. You know, you don't

1155
00:58:29,040 --> 00:58:31,720
Speaker 3: have enough sun, or you don't have enough sal hydro

1156
00:58:31,960 --> 00:58:33,800
Speaker 3: or whatever it is, yep, yep, or you don't have

1157
00:58:33,880 --> 00:58:34,600
Speaker 3: enough nuclear power.

1158
00:58:34,920 --> 00:58:36,840
Speaker 26: So there are still there are still plenty of options

1159
00:58:36,840 --> 00:58:38,440
Speaker 26: I think for governments around the world. I mean, sola

1160
00:58:38,480 --> 00:58:43,960
Speaker 26: has been getting vastly more cheaper, you know, by the year,

1161
00:58:44,280 --> 00:58:46,120
Speaker 26: and I think governments around the world have probably had

1162
00:58:46,320 --> 00:58:50,040
Speaker 26: plenty of opportunities, certainly developed economies to move a little

1163
00:58:50,040 --> 00:58:53,360
Speaker 26: more quickly and greening up their electricity generation. But yeah,

1164
00:58:53,640 --> 00:58:55,760
Speaker 26: I mean it kind of makes sense, all right, tim

1165
00:58:56,040 --> 00:58:59,360
Speaker 26: the Benjamin Doyle stuff. So they have come out today

1166
00:58:59,560 --> 00:59:05,760
Speaker 26: and see that they were just being themselves and Bussy

1167
00:59:07,120 --> 00:59:10,760
Speaker 26: refers to them it's like a nickname. Didn't quite explain

1168
00:59:10,800 --> 00:59:13,800
Speaker 26: what that meant, whether whether it's the Benjamin to be

1169
00:59:13,920 --> 00:59:16,640
Speaker 26: and Benjamin is I don't know. I didn't go into that,

1170
00:59:16,680 --> 00:59:17,840
Speaker 26: but that was the explanation.

1171
00:59:18,200 --> 00:59:19,960
Speaker 3: What do you think, Tom, you're willing to put this

1172
00:59:20,040 --> 00:59:22,560
Speaker 3: to bed or were you exercised in the first place?

1173
00:59:23,600 --> 00:59:25,480
Speaker 27: Yeah, this was the press conference that should have been

1174
00:59:25,520 --> 00:59:29,200
Speaker 27: held last week. And my thought is that while death

1175
00:59:29,240 --> 00:59:32,160
Speaker 27: threats are bad, and they're absolutely terrible, they don't insulate

1176
00:59:32,200 --> 00:59:33,120
Speaker 27: you from criticism.

1177
00:59:33,160 --> 00:59:35,320
Speaker 10: You need to answer the criticism.

1178
00:59:35,400 --> 00:59:38,280
Speaker 27: So I would say that the Greens haven't really done

1179
00:59:38,400 --> 00:59:40,520
Speaker 27: Benjamin Doyle much of a favor. What they need to

1180
00:59:40,520 --> 00:59:43,760
Speaker 27: do is get an independent investigator. That's the way this

1181
00:59:43,760 --> 00:59:46,120
Speaker 27: would be put to bed. Otherwise it continues to be

1182
00:59:46,360 --> 00:59:50,800
Speaker 27: a dispute about, oh, what does Bussy mean? What was

1183
00:59:50,800 --> 00:59:54,280
Speaker 27: the subtext here? What was actually meant? It just remains problematic.

1184
00:59:54,720 --> 01:00:00,000
Speaker 26: I don't think an independent investigator is necessary. Look, regards

1185
01:00:00,040 --> 01:00:02,320
Speaker 26: less of who you vote for, regardless of your politics,

1186
01:00:02,440 --> 01:00:06,200
Speaker 26: we can all agree that death threats to anyone is

1187
01:00:06,200 --> 01:00:10,400
Speaker 26: totally unacceptable, right in any context. That being said, I

1188
01:00:10,400 --> 01:00:11,960
Speaker 26: think if you look at the greens of the last

1189
01:00:12,000 --> 01:00:14,440
Speaker 26: couple of weeks and honestly of the last couple of years,

1190
01:00:14,880 --> 01:00:17,400
Speaker 26: it is very hard to see how some of the

1191
01:00:17,520 --> 01:00:20,720
Speaker 26: MPs in that party are at all serious about governing.

1192
01:00:21,200 --> 01:00:23,400
Speaker 26: And you know, I think one of the central criticisms

1193
01:00:23,360 --> 01:00:24,760
Speaker 26: I have, they're all out of jail.

1194
01:00:25,520 --> 01:00:25,840
Speaker 4: I know.

1195
01:00:26,400 --> 01:00:28,400
Speaker 26: One of the criticism I have is like, if you

1196
01:00:28,480 --> 01:00:30,400
Speaker 26: want to create the change that you say is so

1197
01:00:30,520 --> 01:00:32,720
Speaker 26: vital in the world, well you actually have to get

1198
01:00:32,720 --> 01:00:35,040
Speaker 26: into government. It's not just a case of being in parliament.

1199
01:00:35,080 --> 01:00:37,800
Speaker 26: It's a case of being in government, and government means

1200
01:00:37,840 --> 01:00:41,200
Speaker 26: that you need to be a serious legislated But.

1201
01:00:41,120 --> 01:00:42,800
Speaker 3: And I look at these kind of they actually don't

1202
01:00:42,840 --> 01:00:45,080
Speaker 3: say that, Jack, if you listen to them, they talk

1203
01:00:45,160 --> 01:00:47,560
Speaker 3: more about representations. This is one of This is my point.

1204
01:00:47,920 --> 01:00:51,440
Speaker 26: This is my point, and I think benjamins doors explanation

1205
01:00:51,480 --> 01:00:55,240
Speaker 26: today distilled that perfectly when they said I was advised

1206
01:00:55,280 --> 01:00:57,880
Speaker 26: by my party coming in as the MP here, I'm

1207
01:00:57,920 --> 01:01:00,800
Speaker 26: advised by my party to get rid of that private

1208
01:01:00,840 --> 01:01:03,680
Speaker 26: Instagram account, and I didn't do it because I wanted

1209
01:01:03,680 --> 01:01:06,680
Speaker 26: to be authentic to my communities. Well, actually, I would

1210
01:01:06,760 --> 01:01:09,040
Speaker 26: argue that if you really want to create change in

1211
01:01:09,040 --> 01:01:11,720
Speaker 26: the world, the most important thing isn't necessarily being as

1212
01:01:11,760 --> 01:01:14,200
Speaker 26: authentic to your own niche community as.

1213
01:01:14,120 --> 01:01:14,560
Speaker 3: You can be.

1214
01:01:15,080 --> 01:01:17,480
Speaker 26: It's getting into a position where you govern. And to

1215
01:01:17,480 --> 01:01:19,560
Speaker 26: get into position where you govern, you have to make

1216
01:01:19,600 --> 01:01:23,280
Speaker 26: good political decisions, and actually these kinds of decisions aren't

1217
01:01:23,280 --> 01:01:25,560
Speaker 26: consistent with that.

1218
01:01:25,720 --> 01:01:27,760
Speaker 27: Politics is the out of compromise, and you have to

1219
01:01:27,960 --> 01:01:30,640
Speaker 27: perhaps compromise some of your authenticity to be able to

1220
01:01:30,720 --> 01:01:31,440
Speaker 27: wield power.

1221
01:01:32,160 --> 01:01:32,640
Speaker 15: I think a lot of.

1222
01:01:32,600 --> 01:01:34,200
Speaker 26: People will look at this and just say they're not serious.

1223
01:01:34,240 --> 01:01:35,960
Speaker 26: People like you look at the time of the Paul

1224
01:01:36,000 --> 01:01:37,760
Speaker 26: situation last week as well, and she might say I

1225
01:01:37,840 --> 01:01:39,400
Speaker 26: was taken out of context and this and novel. I

1226
01:01:39,400 --> 01:01:42,600
Speaker 26: mean again, if the Greens want to be in power,

1227
01:01:42,640 --> 01:01:44,880
Speaker 26: they actually have to expand their base or get into

1228
01:01:44,920 --> 01:01:46,560
Speaker 26: a position where they can govern. And you would have

1229
01:01:46,600 --> 01:01:48,920
Speaker 26: to say that in the eyes of a lot of voters,

1230
01:01:48,960 --> 01:01:50,840
Speaker 26: their MPs are not some of their MPs are not

1231
01:01:50,880 --> 01:01:52,880
Speaker 26: behaving in ways that make people think that they're actually

1232
01:01:52,880 --> 01:01:54,880
Speaker 26: at all suitable for governing positions at the moment.

1233
01:01:55,000 --> 01:01:58,200
Speaker 27: Yeah, well, I've got a conspiracy theory here. So this

1234
01:01:58,760 --> 01:02:01,800
Speaker 27: is another This may be another domino. So Andrew Little

1235
01:02:01,800 --> 01:02:04,360
Speaker 27: today announces that he's going to go for the Mira Wellington.

1236
01:02:05,320 --> 01:02:09,880
Speaker 27: Craig Rennie non announced might well be standing for Tamotha

1237
01:02:09,960 --> 01:02:13,440
Speaker 27: Paul's electorate in the next election on this very this

1238
01:02:13,600 --> 01:02:17,120
Speaker 27: very platform the Huddle, the Labor's going green hunting. I'm

1239
01:02:17,200 --> 01:02:18,720
Speaker 27: just saying the dominoes are falling.

1240
01:02:19,400 --> 01:02:19,880
Speaker 10: I'm hungry.

1241
01:02:20,000 --> 01:02:22,280
Speaker 3: Yeah, all right, We'll leave it there, guys. Jack tamed

1242
01:02:22,280 --> 01:02:24,480
Speaker 3: Tim Wilson on the Huddle tonight, nine minutes away from

1243
01:02:24,480 --> 01:02:26,800
Speaker 3: six News Talks HEB, we may or may not have

1244
01:02:26,920 --> 01:02:29,880
Speaker 3: I'm just waiting for another update on Barb's What's happening

1245
01:02:29,920 --> 01:02:31,600
Speaker 3: with Barbs? She might be here after six.

1246
01:02:32,680 --> 01:02:36,200
Speaker 1: It's the Heather Duplessy Allen Drive Full Show podcast on

1247
01:02:36,360 --> 01:02:40,800
Speaker 1: iHeart Radio powered by NEWSTALKSB News Talks.

1248
01:02:40,800 --> 01:02:43,280
Speaker 3: HEB. It is seven minutes away from six, so their

1249
01:02:43,360 --> 01:02:46,320
Speaker 3: update is no Barb, it is no go with Barbara

1250
01:02:46,400 --> 01:02:49,800
Speaker 3: Edmonds from Labor. She's the Finance spokesperson. And there was

1251
01:02:49,840 --> 01:02:53,040
Speaker 3: a fire drill at Parliament or not a drill, but

1252
01:02:53,240 --> 01:02:55,440
Speaker 3: well was it a drill? If it was a drill,

1253
01:02:55,480 --> 01:02:57,400
Speaker 3: then they would have known there was a fire alarm

1254
01:02:57,440 --> 01:03:00,000
Speaker 3: at Parliament while they were in the House.

1255
01:03:00,080 --> 01:03:00,320
Speaker 2: Us.

1256
01:03:01,000 --> 01:03:03,760
Speaker 3: We couldn't see when we were watching Parliament, watching the

1257
01:03:03,840 --> 01:03:07,760
Speaker 3: house coverage, couldn't see Barbara actually in the house. But

1258
01:03:07,880 --> 01:03:10,960
Speaker 3: Our Labour's offices are adjacent, so they would have presumably

1259
01:03:11,000 --> 01:03:13,000
Speaker 3: been evacuated from the building as well when the fire

1260
01:03:13,040 --> 01:03:15,440
Speaker 3: alarm went off. But why this happened?

1261
01:03:15,720 --> 01:03:17,520
Speaker 28: Well, and well that means that yeah, does that mean

1262
01:03:17,560 --> 01:03:19,840
Speaker 28: we can rule out the nana theory there? Because if

1263
01:03:19,880 --> 01:03:21,560
Speaker 28: they were all busy running out of the building, they

1264
01:03:21,560 --> 01:03:22,880
Speaker 28: wouldn't have been able to listen to the show. So

1265
01:03:22,880 --> 01:03:24,440
Speaker 28: I wouldn't have heard you a little dig with your

1266
01:03:24,520 --> 01:03:27,920
Speaker 28: Nana's true, they wouldn't the list of possible motives for

1267
01:03:27,960 --> 01:03:28,400
Speaker 28: pulling out.

1268
01:03:28,480 --> 01:03:30,640
Speaker 3: That is a good point. Ants, But how long ago

1269
01:03:30,680 --> 01:03:33,720
Speaker 3: did the fire alarm happen? At least half an hour ago? Now, right,

1270
01:03:33,880 --> 01:03:36,240
Speaker 3: So half an hour ago a fire alarm goes off

1271
01:03:36,560 --> 01:03:41,480
Speaker 3: in a building in Wellington and then forty forty five

1272
01:03:41,520 --> 01:03:46,080
Speaker 3: minutes later an MP can't take a phone call? How

1273
01:03:46,120 --> 01:03:50,160
Speaker 3: does one plus two does not equal? That equals one hundred?

1274
01:03:50,200 --> 01:03:53,640
Speaker 3: There was minus five hundred? Doesn't make sense anyway, She's

1275
01:03:53,680 --> 01:03:55,120
Speaker 3: not going to be on the program, but we are

1276
01:03:55,320 --> 01:03:57,040
Speaker 3: arguing we've got lots more to come anyway, we're gonna

1277
01:03:57,040 --> 01:03:59,760
Speaker 3: talk to David Norton about borestry and we got some

1278
01:03:59,760 --> 01:04:02,640
Speaker 3: big problems coming with that. Genets training from the Herald's

1279
01:04:02,640 --> 01:04:05,400
Speaker 3: going to be with us. Riley Morgan from Milford will

1280
01:04:05,400 --> 01:04:07,320
Speaker 3: give us a market rap Gavin Grays in the UK,

1281
01:04:07,400 --> 01:04:10,160
Speaker 3: so don't worry, We're all covered. We didn't need you anyway.

1282
01:04:10,200 --> 01:04:15,640
Speaker 3: Barth now home loans and I mentioned my I'm still waiting,

1283
01:04:15,720 --> 01:04:19,960
Speaker 3: hanging on for the rates to drop to their low point.

1284
01:04:20,360 --> 01:04:23,080
Speaker 3: David Cunningham from Squirrel. He talks about swap rates because

1285
01:04:23,080 --> 01:04:25,800
Speaker 3: obviously the banks what they take into a consideration when

1286
01:04:25,840 --> 01:04:27,720
Speaker 3: they're setting their rates is not just the ocr but

1287
01:04:27,760 --> 01:04:30,200
Speaker 3: swap rates as well. Swap rates are down twenty to

1288
01:04:30,200 --> 01:04:34,280
Speaker 3: twenty five basis points, he says. Globally, interest rates have

1289
01:04:34,400 --> 01:04:37,640
Speaker 3: fallen because everyone is bailing out of equities, essentially the

1290
01:04:37,680 --> 01:04:40,040
Speaker 3: safe haven and the going into US government stocks, and

1291
01:04:40,120 --> 01:04:42,200
Speaker 3: US government stock is down, which drags the rest of

1292
01:04:42,240 --> 01:04:47,280
Speaker 3: the world down. Tariffs would dent growth. We know that

1293
01:04:47,960 --> 01:04:50,520
Speaker 3: bringing interest rates lower than they otherwise might have been,

1294
01:04:50,640 --> 01:04:52,760
Speaker 3: so you could end up, and this is what I'm

1295
01:04:52,800 --> 01:04:55,480
Speaker 3: pinning my hopes on, you could end up with an

1296
01:04:55,520 --> 01:04:58,080
Speaker 3: interest rate at around four and a half percent currently,

1297
01:04:58,120 --> 01:04:59,800
Speaker 3: you can get four point ninety nine on a two.

1298
01:05:00,720 --> 01:05:02,400
Speaker 3: So if you can wait, if you can hold out

1299
01:05:02,440 --> 01:05:05,360
Speaker 3: another couple of months and get four point five, then

1300
01:05:05,400 --> 01:05:08,040
Speaker 3: you're getting yourself a better deal, aren't you. Markets are

1301
01:05:08,080 --> 01:05:11,040
Speaker 3: now pricing in and listening to Kelly e Cold, he

1302
01:05:11,600 --> 01:05:13,920
Speaker 3: was getting close to this, markets are now pricing in

1303
01:05:13,960 --> 01:05:17,200
Speaker 3: the potential for a two point seven five percent official

1304
01:05:17,200 --> 01:05:19,200
Speaker 3: cash rate. Remember it's just dropped to three and a

1305
01:05:19,240 --> 01:05:23,160
Speaker 3: half today, twenty five basis points down. It was set

1306
01:05:23,240 --> 01:05:26,680
Speaker 3: under or to go down to around three, which is neutral,

1307
01:05:27,000 --> 01:05:29,840
Speaker 3: and market's now pricing in two point seventy five, So

1308
01:05:29,840 --> 01:05:35,600
Speaker 3: an extra twenty five points by the end of the cycle. Yes, please,

1309
01:05:35,640 --> 01:05:37,480
Speaker 3: I'll take it. I'll take it. I'll take it. I'll

1310
01:05:37,520 --> 01:05:40,960
Speaker 3: take it. That notwithstanding we don't know what's happening with Trump.

1311
01:05:41,120 --> 01:05:44,080
Speaker 3: You know, that's a big question mark in the world

1312
01:05:44,160 --> 01:05:46,520
Speaker 3: right now, isn't it. But that's the same question mark

1313
01:05:46,560 --> 01:05:49,280
Speaker 3: for everybody, So we're all in the dark. Three minutes

1314
01:05:49,320 --> 01:05:50,800
Speaker 3: away from six news talk.

1315
01:05:50,640 --> 01:06:33,160
Speaker 25: SEBB what's up, what's down?

1316
01:06:33,600 --> 01:06:36,440
Speaker 2: What with a major calls and how will it affect

1317
01:06:36,480 --> 01:06:37,120
Speaker 2: the economy?

1318
01:06:37,400 --> 01:06:41,440
Speaker 1: The big business questions on the Business Hour with Ryan

1319
01:06:41,520 --> 01:06:46,120
Speaker 1: Bridge and Mass Insurance and investments, Grow your wealth, protect

1320
01:06:46,160 --> 01:06:46,680
Speaker 1: your future.

1321
01:06:46,960 --> 01:06:48,600
Speaker 2: News talksh be good evening.

1322
01:06:48,680 --> 01:06:50,560
Speaker 3: It is six after six year old news talks. It'd

1323
01:06:50,560 --> 01:06:52,720
Speaker 3: be great to have you coming tonight. Jane Tips Training

1324
01:06:52,800 --> 01:06:55,560
Speaker 3: from the Herald is with us shortly. Riley Morgan from

1325
01:06:55,600 --> 01:06:59,320
Speaker 3: Milford wraps the action on the insidets and around the world.

1326
01:06:59,320 --> 01:07:01,880
Speaker 3: Plus we'll have Gavin Gray out of the UK just

1327
01:07:01,920 --> 01:07:07,480
Speaker 3: before seven o'clock. Right now. Barbara Edmunds, Barb who we've

1328
01:07:07,520 --> 01:07:09,440
Speaker 3: been looking for a Barb. Where have you been all

1329
01:07:09,480 --> 01:07:12,160
Speaker 3: of our lives? So we've been looking for Barbara Edmunds

1330
01:07:12,160 --> 01:07:14,240
Speaker 3: from Labor this afternoon because we were meant to have

1331
01:07:14,320 --> 01:07:16,880
Speaker 3: it for an interview. And then at five point thirty

1332
01:07:16,920 --> 01:07:20,400
Speaker 3: one a fire alarm goes off at Parliament. Okay, five

1333
01:07:20,560 --> 01:07:23,720
Speaker 3: thirty seven we get a call from Labour saying interview

1334
01:07:23,760 --> 01:07:25,680
Speaker 3: is canceled. You know she's not meant to be on

1335
01:07:25,760 --> 01:07:30,120
Speaker 3: until now, which is after second interview is canceled fire alarm. Okay,

1336
01:07:30,200 --> 01:07:31,880
Speaker 3: that seems odd. Can you not take a phone call

1337
01:07:31,920 --> 01:07:34,240
Speaker 3: and you know fire alarm was fifteen minutes ago? Anywhay whatever?

1338
01:07:34,600 --> 01:07:37,200
Speaker 3: Five forty five pm We mentioned this on Are five

1339
01:07:37,200 --> 01:07:40,360
Speaker 3: point fifty four pm. We mentioned it again, say definitely, no,

1340
01:07:40,480 --> 01:07:44,560
Speaker 3: Barbara Edmunds, we question the reason for this. Five fifty

1341
01:07:44,640 --> 01:07:48,959
Speaker 3: seven pm another call from Labor. Barbara's back on. She's

1342
01:07:49,000 --> 01:07:50,120
Speaker 3: here now, Barbara, good.

1343
01:07:49,960 --> 01:07:53,120
Speaker 29: Evening, Hi Ryan, how's it going?

1344
01:07:53,240 --> 01:07:56,720
Speaker 3: Your good? Thanks here, I'm here for what I'm for

1345
01:07:57,120 --> 01:07:57,800
Speaker 3: what happened?

1346
01:07:58,880 --> 01:08:01,280
Speaker 29: I think it would just be obviously left my phone,

1347
01:08:01,400 --> 01:08:02,880
Speaker 29: you know, at the fire alarm, you just got to

1348
01:08:02,920 --> 01:08:05,120
Speaker 29: get outside. So we just wanted to make sure that

1349
01:08:05,400 --> 01:08:06,880
Speaker 29: it was weird. Just we didn't know how long we

1350
01:08:06,880 --> 01:08:07,760
Speaker 29: were going to be outside.

1351
01:08:07,960 --> 01:08:09,800
Speaker 30: I've been here for ten years.

1352
01:08:09,760 --> 01:08:12,160
Speaker 29: In Parliament, the precinct drout the Prince seincts the first

1353
01:08:12,160 --> 01:08:14,200
Speaker 29: time I've ever had a fire drill during a house

1354
01:08:14,240 --> 01:08:14,800
Speaker 29: sitting time.

1355
01:08:14,880 --> 01:08:16,639
Speaker 30: So but I'm here man, that's what matters.

1356
01:08:16,720 --> 01:08:19,200
Speaker 3: No, I'm glad you're here. Do you know what? Always

1357
01:08:19,240 --> 01:08:22,439
Speaker 3: take your phone with you because if you I've always thought,

1358
01:08:22,600 --> 01:08:24,200
Speaker 3: you know, what is it next to you or in

1359
01:08:24,240 --> 01:08:26,040
Speaker 3: your desk? You always take your phone because if your

1360
01:08:26,040 --> 01:08:27,680
Speaker 3: family wants to get hold of you, then they need

1361
01:08:27,720 --> 01:08:28,599
Speaker 3: to get hold of you.

1362
01:08:28,600 --> 01:08:31,320
Speaker 30: You know it's true, that's true. But you know I

1363
01:08:31,360 --> 01:08:33,559
Speaker 30: was in a meeting, so my bad. But I'm here.

1364
01:08:33,600 --> 01:08:36,160
Speaker 3: I'm no good to have you here. Now, this press

1365
01:08:36,160 --> 01:08:39,759
Speaker 3: release you put out today about Nikola Willis attacking Nikola Willis,

1366
01:08:40,680 --> 01:08:43,320
Speaker 3: you have said Nichola Willis continues to sit on her

1367
01:08:43,400 --> 01:08:47,400
Speaker 3: hands amid glo a global economic crisis, which, first of all,

1368
01:08:47,400 --> 01:08:49,559
Speaker 3: would we call this a global economic crisis yet?

1369
01:08:50,960 --> 01:08:53,280
Speaker 29: Well, I think a lot of commentations are saying that

1370
01:08:53,479 --> 01:08:57,320
Speaker 29: is a global economic crisis with the retaliation tariffs that

1371
01:08:57,439 --> 01:09:01,160
Speaker 29: might happen globally. For us, it's really if this is

1372
01:09:01,200 --> 01:09:04,759
Speaker 29: going to happen offshore, what do you do as a government.

1373
01:09:04,920 --> 01:09:07,880
Speaker 29: And we believe kind of her to saying we've got this,

1374
01:09:08,280 --> 01:09:10,840
Speaker 29: we'll hold our position. We don't think that that's enough.

1375
01:09:11,120 --> 01:09:13,960
Speaker 3: Okay, So what exactly do you want her to do?

1376
01:09:15,600 --> 01:09:19,759
Speaker 29: Well, A lot of going for growth initiatives are really

1377
01:09:19,800 --> 01:09:24,800
Speaker 29: based on foreign interventions, for example, if foreign direct investments

1378
01:09:25,720 --> 01:09:28,559
Speaker 29: or so tourism or so exports sector.

1379
01:09:28,920 --> 01:09:30,639
Speaker 30: We just want to make sure that there's a.

1380
01:09:30,600 --> 01:09:34,559
Speaker 29: Balance about looking inwards into New Zealand and taking a

1381
01:09:34,600 --> 01:09:37,599
Speaker 29: proper look at Actually, Okay, if a third of our

1382
01:09:37,600 --> 01:09:39,719
Speaker 29: plan is not going to be working to plan because

1383
01:09:39,760 --> 01:09:42,679
Speaker 29: there's going to be some uncertainty in the global environment,

1384
01:09:43,080 --> 01:09:45,200
Speaker 29: what do we need to do to look at here

1385
01:09:45,240 --> 01:09:48,960
Speaker 29: in New Zealand to ensure that we are supporting both

1386
01:09:49,040 --> 01:09:52,559
Speaker 29: internally and the sectors internally and maybe using it as

1387
01:09:52,560 --> 01:09:54,320
Speaker 29: an opportunity actually.

1388
01:09:55,040 --> 01:09:57,040
Speaker 3: To do what exactly. I mean, this is all sounding

1389
01:09:57,080 --> 01:10:00,120
Speaker 3: quite expensive, Barbara. The benefit obviously of foreign investment and

1390
01:10:00,160 --> 01:10:01,880
Speaker 3: tourism is it someone else pays for it.

1391
01:10:03,080 --> 01:10:06,640
Speaker 29: Oh? Absolutely, and we still you know, you still welcome that.

1392
01:10:06,840 --> 01:10:09,400
Speaker 29: But you've also got to have a plan for what

1393
01:10:09,560 --> 01:10:13,120
Speaker 29: happens internally. For example, if our exporters aren't able to

1394
01:10:13,240 --> 01:10:15,320
Speaker 29: export the same amount that they're going to be able

1395
01:10:15,360 --> 01:10:17,559
Speaker 29: to do, or there's going to be impossed in them,

1396
01:10:18,000 --> 01:10:20,280
Speaker 29: or the far with the foreign exchange rate, with the brown.

1397
01:10:20,160 --> 01:10:22,800
Speaker 3: Doves, Barbara, at the point, we don't know that yet,

1398
01:10:22,840 --> 01:10:25,080
Speaker 3: do we. I mean, it has been two hours since

1399
01:10:25,160 --> 01:10:28,160
Speaker 3: the tariffs came into effect. We don't yet. And you

1400
01:10:28,280 --> 01:10:31,960
Speaker 3: have used the words global economic crisis, but in the

1401
01:10:32,000 --> 01:10:35,519
Speaker 3: real world it hasn't actually happened yet. So where would

1402
01:10:35,600 --> 01:10:39,639
Speaker 3: you specifically recommend that she goes and piles money today.

1403
01:10:40,880 --> 01:10:41,880
Speaker 30: Well, I'm pretty sure.

1404
01:10:41,720 --> 01:10:43,760
Speaker 29: That our share markets and the share markets off shore

1405
01:10:44,120 --> 01:10:46,759
Speaker 29: would say that something has happened. Given the trillion dollars

1406
01:10:46,840 --> 01:10:49,439
Speaker 29: was taken off. You know, for example, the US markets.

1407
01:10:49,439 --> 01:10:51,400
Speaker 29: We're a lot of our our ken we say, our

1408
01:10:51,439 --> 01:10:54,800
Speaker 29: surf orannuation fund where we have investments in.

1409
01:10:54,960 --> 01:10:58,080
Speaker 3: Absolutely the shock market. The stock market has felt the shock,

1410
01:10:58,160 --> 01:11:01,080
Speaker 3: no doubt. But what exactly do you want her to

1411
01:11:01,120 --> 01:11:03,880
Speaker 3: do in the real economy right now? Where do you

1412
01:11:03,920 --> 01:11:05,160
Speaker 3: want her to spend this money?

1413
01:11:06,360 --> 01:11:09,519
Speaker 29: Definitely on infrastructure. We've been saying that for the last year.

1414
01:11:09,880 --> 01:11:13,320
Speaker 29: The government had paused, canceled a lot of infrastructure projects,

1415
01:11:13,439 --> 01:11:16,200
Speaker 29: have had their summit recently. This is the time for

1416
01:11:16,320 --> 01:11:20,040
Speaker 29: them to really clearly signal and to get those projects underway,

1417
01:11:20,280 --> 01:11:24,960
Speaker 29: because remember we've lost thirteen thousand construction sector jobs in.

1418
01:11:24,960 --> 01:11:25,760
Speaker 30: The last year.

1419
01:11:26,200 --> 01:11:28,400
Speaker 29: Those are the people that we basically have trained up

1420
01:11:28,400 --> 01:11:32,080
Speaker 29: here in New Zealand using apprenticeship, Booth's other initiatives, that

1421
01:11:32,160 --> 01:11:35,599
Speaker 29: are now going offshore, particularly to Australia to find work.

1422
01:11:35,680 --> 01:11:39,120
Speaker 3: Yeah, but that they're talking all the time about infrastructure

1423
01:11:39,160 --> 01:11:42,120
Speaker 3: investments and they've had their summit. I mean they're asking

1424
01:11:42,320 --> 01:11:44,160
Speaker 3: it for others to join them to pay for some

1425
01:11:44,280 --> 01:11:47,160
Speaker 3: of it, but they're also stumping up for motorways and the.

1426
01:11:47,360 --> 01:11:51,439
Speaker 29: Like, and it's just right. It's talk but you kin'd

1427
01:11:51,479 --> 01:11:54,280
Speaker 29: of needed the action last year instead of putting the handbrake.

1428
01:11:53,960 --> 01:11:56,600
Speaker 3: On the operating allowance that she's set two and a

1429
01:11:56,640 --> 01:11:58,519
Speaker 3: half billion. Would you go with that or would you

1430
01:11:58,560 --> 01:12:00,000
Speaker 3: want it to be hired? Do you think she should

1431
01:12:00,080 --> 01:12:02,680
Speaker 3: that she should go for a bit of a boost.

1432
01:12:03,760 --> 01:12:05,880
Speaker 29: Well, we're going to see what's going to happen during

1433
01:12:05,920 --> 01:12:06,479
Speaker 29: the budget.

1434
01:12:06,800 --> 01:12:07,120
Speaker 30: I mean, the.

1435
01:12:07,200 --> 01:12:10,760
Speaker 29: Treasury said last budget that you need a minimum of

1436
01:12:10,800 --> 01:12:14,559
Speaker 29: two point five billion to keep up with population growth

1437
01:12:14,600 --> 01:12:15,200
Speaker 29: and inflation.

1438
01:12:15,680 --> 01:12:17,719
Speaker 30: But they chose the two point four and you've seen

1439
01:12:17,720 --> 01:12:18,639
Speaker 30: that they're really pre.

1440
01:12:18,520 --> 01:12:21,960
Speaker 29: Permitted a lot of that from last year's budget. So

1441
01:12:22,000 --> 01:12:24,560
Speaker 29: you'd be having a good look at your operating allowance

1442
01:12:24,920 --> 01:12:26,680
Speaker 29: and be able to say, okay. She says that she

1443
01:12:26,760 --> 01:12:30,040
Speaker 29: feels comfortable with that. My question is, though, do quees

1444
01:12:30,120 --> 01:12:32,680
Speaker 29: feel comfortable with that? Are they getting the access to

1445
01:12:32,720 --> 01:12:35,479
Speaker 29: healthcare that they need? Are they able to basically be

1446
01:12:35,479 --> 01:12:37,040
Speaker 29: able to do feel comfortable with that needs?

1447
01:12:37,120 --> 01:12:38,559
Speaker 3: Would you go bigger?

1448
01:12:40,240 --> 01:12:42,200
Speaker 29: I would need to look at books that she's getting

1449
01:12:42,200 --> 01:12:45,000
Speaker 29: and she's getting the advice we aren't. We're having to

1450
01:12:45,000 --> 01:12:48,680
Speaker 29: get the information from from commentary and from you know,

1451
01:12:48,720 --> 01:12:51,200
Speaker 29: we questioned the Minister in the House and this yesterday.

1452
01:12:51,080 --> 01:12:51,840
Speaker 3: They can't tell you.

1453
01:12:51,880 --> 01:12:53,680
Speaker 30: We weren't able to get any information from him.

1454
01:12:54,360 --> 01:12:56,160
Speaker 3: They can't tell you before it happened, before they do

1455
01:12:56,240 --> 01:12:59,160
Speaker 3: their pre budget release. But what about the forty six

1456
01:12:59,240 --> 01:13:01,160
Speaker 3: percent of GDP that we're going to hit in twenty

1457
01:13:01,160 --> 01:13:04,600
Speaker 3: six twenty seven, What is an acceptable for you in

1458
01:13:04,680 --> 01:13:08,320
Speaker 3: terms of call net debt? What is an acceptable level?

1459
01:13:09,680 --> 01:13:13,240
Speaker 29: Well, it's quite interesting the minister at that investment so much,

1460
01:13:13,400 --> 01:13:16,280
Speaker 29: Nikole Willis, she said we have low levels of debt.

1461
01:13:16,680 --> 01:13:18,720
Speaker 29: So that's the first time I'd heard her say that

1462
01:13:19,040 --> 01:13:22,559
Speaker 29: publicly because all of the election campaign she's been talking

1463
01:13:22,600 --> 01:13:26,200
Speaker 29: about high levels of debt. So obviously we don't want

1464
01:13:26,240 --> 01:13:29,639
Speaker 29: to be over in debt because there is that structural deficit.

1465
01:13:30,080 --> 01:13:32,280
Speaker 29: But you need to look at the long term view

1466
01:13:32,360 --> 01:13:35,320
Speaker 29: as well and where that debt is being dispense. And

1467
01:13:35,360 --> 01:13:38,040
Speaker 29: as I've said before, infrastructure. If you're going to have

1468
01:13:38,080 --> 01:13:39,680
Speaker 29: to borrow, you borrow.

1469
01:13:39,360 --> 01:13:40,360
Speaker 30: It for infrastructure.

1470
01:13:40,560 --> 01:13:43,439
Speaker 29: So again we're open to that foreign We are open

1471
01:13:43,479 --> 01:13:46,480
Speaker 29: to that foreign investment for the right assets.

1472
01:13:46,680 --> 01:13:49,920
Speaker 3: But what's the acceptable number for you? How high would

1473
01:13:49,960 --> 01:13:52,280
Speaker 3: you take it? Are you comfortable taking.

1474
01:13:52,040 --> 01:13:54,880
Speaker 29: Out I'm not going to announce the Labor Party for

1475
01:13:54,960 --> 01:13:57,599
Speaker 29: skill plant today. But again we're going to be looking

1476
01:13:57,640 --> 01:14:00,639
Speaker 29: at the numbers that come out of the budget update

1477
01:14:01,000 --> 01:14:03,920
Speaker 29: is another monetary Podoissey statement by the Reserve Bank and

1478
01:14:04,040 --> 01:14:06,479
Speaker 29: may those numbers are going to be really key for

1479
01:14:06,640 --> 01:14:09,120
Speaker 29: us as to where we land for after school plan.

1480
01:14:09,479 --> 01:14:12,320
Speaker 3: Barbara, appreciate your time. Nice to have you on the phone. Finally,

1481
01:14:12,439 --> 01:14:15,720
Speaker 3: Barbara Edmonds, Labour's finance spokesperson. It is fourteen after six

1482
01:14:15,800 --> 01:14:17,400
Speaker 3: News Talks thereb Genetip Training here.

1483
01:14:17,400 --> 01:14:21,840
Speaker 1: Next it's the Heather dupas Allen Drive Full Show podcast

1484
01:14:21,920 --> 01:14:23,960
Speaker 1: on my Heart Radio empowered by.

1485
01:14:23,840 --> 01:14:28,320
Speaker 3: Newstalks EBB News Talk ZBB. It is six seventeen the Government.

1486
01:14:28,320 --> 01:14:31,080
Speaker 3: We're going back to Parliament weirdly now and apparently the

1487
01:14:31,080 --> 01:14:33,400
Speaker 3: fire alarm is over, but there's a party happening somewhere.

1488
01:14:33,760 --> 01:14:36,519
Speaker 3: The government is making a change to our consumer finance laws.

1489
01:14:36,760 --> 01:14:40,160
Speaker 3: This is interesting because it could actually affect a class

1490
01:14:40,200 --> 01:14:44,400
Speaker 3: action lawsuit. It could quash a huge class action lawsuit

1491
01:14:44,439 --> 01:14:47,280
Speaker 3: against A and Z an ASB Bank. Genetip trainee is

1492
01:14:47,320 --> 01:14:50,479
Speaker 3: The Herald's Wellington Business editor with us Hey Jnay, Hey Ryan,

1493
01:14:50,600 --> 01:14:52,240
Speaker 3: how's that are you near? That party? Is that what

1494
01:14:52,280 --> 01:14:53,320
Speaker 3: I can hear in the background.

1495
01:14:53,640 --> 01:14:56,200
Speaker 31: I am near the party, but I'm unfortunately not at

1496
01:14:56,200 --> 01:14:59,680
Speaker 31: the party. So if anyone hears any noise, I'm not

1497
01:14:59,720 --> 01:15:03,719
Speaker 31: at the I'm talking about consumer finance law instead, which

1498
01:15:03,760 --> 01:15:05,160
Speaker 31: is obviously much better.

1499
01:15:05,320 --> 01:15:09,320
Speaker 3: No wonder you're not at the party exactly. Hey, remind

1500
01:15:09,360 --> 01:15:11,760
Speaker 3: us what this lawsuit is. What's the crux of it?

1501
01:15:12,479 --> 01:15:16,639
Speaker 31: Okay, So basically, under the current law, if your bank

1502
01:15:16,760 --> 01:15:19,640
Speaker 31: or other lender gives you a loan but gives you

1503
01:15:19,720 --> 01:15:23,840
Speaker 31: the wrong information about that loan, the default position is

1504
01:15:23,920 --> 01:15:26,880
Speaker 31: you can get them to reimburse you all your interest

1505
01:15:27,000 --> 01:15:30,559
Speaker 31: costs and other costs that you've paid for the time

1506
01:15:30,640 --> 01:15:33,040
Speaker 31: that they gave you the wrong information. So that's like

1507
01:15:33,080 --> 01:15:36,640
Speaker 31: if you go and use a mortgage calculator and it

1508
01:15:36,680 --> 01:15:38,840
Speaker 31: spouts out one number, but they actually charge you another

1509
01:15:38,920 --> 01:15:43,400
Speaker 31: number in another figure. You know that that is a

1510
01:15:43,439 --> 01:15:47,240
Speaker 31: bad thing by the lender. And currently the default position

1511
01:15:47,320 --> 01:15:49,320
Speaker 31: is that you can get all your interests in other

1512
01:15:49,360 --> 01:15:53,040
Speaker 31: costs reimbursed. So there's currently a class action before the

1513
01:15:53,080 --> 01:15:56,479
Speaker 31: courts because more than one hundred and fifty thousand people

1514
01:15:57,360 --> 01:16:00,120
Speaker 31: have received the wrong information from A and Z and

1515
01:16:00,200 --> 01:16:03,920
Speaker 31: ASB in the past, and this class action is trying

1516
01:16:03,920 --> 01:16:07,200
Speaker 31: to get interest costs reimbursed for all these people. So

1517
01:16:07,520 --> 01:16:10,800
Speaker 31: it could be hundreds of millions of dollars, possibly even

1518
01:16:11,240 --> 01:16:15,240
Speaker 31: billions of dollars that these two banks have to repay

1519
01:16:15,320 --> 01:16:19,160
Speaker 31: their customers. So that case is currently going through the courts,

1520
01:16:19,800 --> 01:16:22,599
Speaker 31: but the government is looking to change the law in

1521
01:16:22,640 --> 01:16:25,879
Speaker 31: such a way that that court case will be affected.

1522
01:16:26,400 --> 01:16:30,320
Speaker 31: It's worried that the law is too heavy handed and

1523
01:16:30,320 --> 01:16:33,840
Speaker 31: that the penalty that these banks face is disproportionate to

1524
01:16:33,920 --> 01:16:35,280
Speaker 31: the mistake that they made.

1525
01:16:36,000 --> 01:16:38,360
Speaker 3: That's a pretty unusual call for a government to make,

1526
01:16:38,479 --> 01:16:42,160
Speaker 3: isn't it. I mean, this is a private business. They've

1527
01:16:42,320 --> 01:16:44,760
Speaker 3: made a mistake, well, potentially made a mistake. Obviously the

1528
01:16:44,760 --> 01:16:47,080
Speaker 3: courts will decide that, but why would the government want

1529
01:16:47,120 --> 01:16:47,799
Speaker 3: to get involved?

1530
01:16:48,880 --> 01:16:51,880
Speaker 31: Yeah, So, look, I think the government is worried that

1531
01:16:52,560 --> 01:16:58,280
Speaker 31: if the penalty is disproportionate, that will make lenders to

1532
01:16:58,560 --> 01:17:02,360
Speaker 31: risk averse and also add to their costs. Like if

1533
01:17:02,360 --> 01:17:05,200
Speaker 31: these banks have to pay you know, hundreds of millions

1534
01:17:05,240 --> 01:17:07,840
Speaker 31: of dollars we end up paying, that they end up

1535
01:17:07,880 --> 01:17:12,040
Speaker 31: passing those costs onto their customers. The government's also worried

1536
01:17:12,080 --> 01:17:14,479
Speaker 31: that if a small lender, like a little finance company

1537
01:17:14,640 --> 01:17:17,519
Speaker 31: was hit by this, it could really cripple them and

1538
01:17:17,520 --> 01:17:20,240
Speaker 31: make it harder for them to compete with the big banks.

1539
01:17:20,760 --> 01:17:24,040
Speaker 31: So basically, the one hundred and fifty thousand bank customers,

1540
01:17:24,080 --> 01:17:27,760
Speaker 31: they've already received some redress for the mistakes that the

1541
01:17:27,760 --> 01:17:30,919
Speaker 31: bank's made. But the issue that's kind of being debated

1542
01:17:30,960 --> 01:17:34,040
Speaker 31: now is, you know, whether they deserve to be compensated

1543
01:17:34,200 --> 01:17:38,799
Speaker 31: more for those breaches. So it is a pretty unusual

1544
01:17:38,840 --> 01:17:41,880
Speaker 31: situation for the government to change the law and make

1545
01:17:41,960 --> 01:17:45,000
Speaker 31: it apply to something in the past, and not only that,

1546
01:17:45,040 --> 01:17:47,360
Speaker 31: but make it apply to something that is actually before

1547
01:17:47,400 --> 01:17:47,880
Speaker 31: the courts.

1548
01:17:48,360 --> 01:17:50,760
Speaker 3: Yeah, really interesting move, Jenat thanks for walking us through that.

1549
01:17:50,800 --> 01:17:54,920
Speaker 3: Appreciated Jenative training Insid Heralds Wellington Business editor outside a

1550
01:17:54,960 --> 01:17:57,360
Speaker 3: party at Parliament and Wellington. It's just gone six twenty.

1551
01:17:57,400 --> 01:17:59,960
Speaker 3: You're on news Talk. Seb Milford wraps the market.

1552
01:18:00,040 --> 01:18:00,599
Speaker 2: It's next.

1553
01:18:00,720 --> 01:18:03,000
Speaker 3: We all do it. We overthink the big things like

1554
01:18:03,120 --> 01:18:06,680
Speaker 3: job security, mortgage rates, that lump in your neck, and

1555
01:18:06,720 --> 01:18:08,479
Speaker 3: we do it with the little things too. What night

1556
01:18:08,640 --> 01:18:11,479
Speaker 3: is Bin's night? Why has cheese become a luxury item?

1557
01:18:11,600 --> 01:18:13,680
Speaker 3: But as a member of MAZ, which is the New

1558
01:18:13,800 --> 01:18:17,120
Speaker 3: Zealand Grand member owned mutual, you can rest easy. MAS

1559
01:18:17,240 --> 01:18:19,559
Speaker 3: is an insurance and investment mutual that's been putting its

1560
01:18:19,640 --> 01:18:22,200
Speaker 3: members overthinking at rest for more than one hundred years.

1561
01:18:22,200 --> 01:18:24,760
Speaker 3: They've been around a long time, and this year, for

1562
01:18:24,840 --> 01:18:27,360
Speaker 3: the ninth year in a row, MAS members have voted

1563
01:18:27,360 --> 01:18:31,639
Speaker 3: at the consumer people's choice for house contents and car insurance.

1564
01:18:31,680 --> 01:18:33,759
Speaker 3: So they do everything and people love them for it.

1565
01:18:33,840 --> 01:18:37,040
Speaker 3: MAS offers premium insurance and investment products, expert advice and

1566
01:18:37,120 --> 01:18:40,200
Speaker 3: exceptional service, all with your needs at heart. So whether

1567
01:18:40,200 --> 01:18:42,200
Speaker 3: you want to grow your wealth or protect your future,

1568
01:18:42,520 --> 01:18:45,160
Speaker 3: MAS has got you covered. Join the thousands of other

1569
01:18:45,240 --> 01:18:47,519
Speaker 3: kiwis who are satisfied with what they're getting from MAS

1570
01:18:47,840 --> 01:18:50,479
Speaker 3: and protect what matters most to you. Rest easy with MAS.

1571
01:18:50,520 --> 01:18:53,799
Speaker 3: To learn more about their financial advice provided disclosure statements,

1572
01:18:53,840 --> 01:18:57,360
Speaker 3: head to MAS dot co dot nz. That's MAS dot

1573
01:18:57,400 --> 01:18:58,839
Speaker 3: co dot nz.

1574
01:19:00,160 --> 01:19:02,480
Speaker 2: Croasing the numbers and getting the results.

1575
01:19:02,720 --> 01:19:06,840
Speaker 1: It's Ryan Bridge with the Business hour and Mass Insurance

1576
01:19:06,880 --> 01:19:10,960
Speaker 1: and Investments. Grew your wealth, Protect your future, use dogs dB.

1577
01:19:11,960 --> 01:19:14,240
Speaker 3: A lot of text about Barbara Edmonds coming and I'll

1578
01:19:14,240 --> 01:19:16,800
Speaker 3: get to those in a second. The NZX finished down

1579
01:19:17,080 --> 01:19:19,280
Speaker 3: zero point seven for the day, the A six two

1580
01:19:19,360 --> 01:19:22,240
Speaker 3: hundred currently down one point eight, and the Reserve Bank

1581
01:19:22,320 --> 01:19:25,000
Speaker 3: today cut the official cash right twenty five basis points.

1582
01:19:25,000 --> 01:19:27,040
Speaker 3: We're now down to three and a half. Remy Morgan's

1583
01:19:27,040 --> 01:19:30,880
Speaker 3: Milfit asset management with us tonight, Remy good evening, Hi, Ryan.

1584
01:19:31,360 --> 01:19:33,640
Speaker 3: Very much in line with expectations, this cut, isn't it.

1585
01:19:34,840 --> 01:19:35,200
Speaker 32: Yeah.

1586
01:19:35,280 --> 01:19:37,920
Speaker 33: So today's OCR decision, as you say, was very much

1587
01:19:38,000 --> 01:19:41,400
Speaker 33: expected by the market. With twenty five basis points fully

1588
01:19:41,439 --> 01:19:44,600
Speaker 33: priced in in the minutes today, there was nothing to

1589
01:19:44,640 --> 01:19:47,800
Speaker 33: suggest that they considered a smaller or larger cut at

1590
01:19:47,800 --> 01:19:50,519
Speaker 33: this point in time. But what we have seen over

1591
01:19:50,560 --> 01:19:54,040
Speaker 33: the last few days leading into today's decision was a

1592
01:19:54,080 --> 01:19:57,280
Speaker 33: shift to the market pricing three further cuts from here

1593
01:19:57,560 --> 01:20:00,799
Speaker 33: rather than two previously. And that's large been in response

1594
01:20:00,880 --> 01:20:04,280
Speaker 33: to the tariff announcement last week and market concerns on

1595
01:20:04,320 --> 01:20:05,040
Speaker 33: global growth.

1596
01:20:05,120 --> 01:20:08,960
Speaker 3: Yeah, and those cuts taking the market prediction to lower

1597
01:20:09,160 --> 01:20:10,760
Speaker 3: than it was at three point one, down to two

1598
01:20:10,760 --> 01:20:14,120
Speaker 3: point seventy five. I think what about the Reserve Bank?

1599
01:20:14,160 --> 01:20:17,360
Speaker 3: Do they consider the tariff policies? Did they mention that

1600
01:20:17,439 --> 01:20:18,120
Speaker 3: in their note?

1601
01:20:19,040 --> 01:20:22,080
Speaker 33: Yeah, So there's still quite a lot of uncertainty over

1602
01:20:22,120 --> 01:20:24,799
Speaker 33: what might actually happen. And this is why the RBNZAI

1603
01:20:24,880 --> 01:20:28,360
Speaker 33: didn't really deviate from expectation today. But what most of

1604
01:20:28,400 --> 01:20:31,800
Speaker 33: the committee did consider is that these trade policies do

1605
01:20:31,920 --> 01:20:35,120
Speaker 33: have the potential to move New Zealand inflation lower over

1606
01:20:35,160 --> 01:20:37,960
Speaker 33: the medium term. So what they mentioned in the minutes

1607
01:20:38,080 --> 01:20:40,519
Speaker 33: is that as the picture becomes more clear, they do

1608
01:20:40,600 --> 01:20:42,920
Speaker 33: have the scope to respond as necessary.

1609
01:20:44,120 --> 01:20:46,519
Speaker 3: How could the trade teriffs do you think impact the

1610
01:20:46,640 --> 01:20:47,880
Speaker 3: future decisions?

1611
01:20:48,880 --> 01:20:51,479
Speaker 33: Yeah, so if there is a risk of low inflation,

1612
01:20:51,800 --> 01:20:55,160
Speaker 33: the RBNSI couldn't look to further reduce the ocr so

1613
01:20:55,200 --> 01:20:58,559
Speaker 33: that could mean a faster pace of cuts or potentially

1614
01:20:58,640 --> 01:21:01,120
Speaker 33: a lower CACHE rate at the end of the year.

1615
01:21:01,520 --> 01:21:03,799
Speaker 33: But again this is really going to depend on several

1616
01:21:03,840 --> 01:21:06,480
Speaker 33: factors and how they play out over the coming weeks.

1617
01:21:06,800 --> 01:21:10,080
Speaker 3: What will the RBNZ watch rbnz'd be watching closely.

1618
01:21:11,320 --> 01:21:16,200
Speaker 33: Yeah, so, first and foremost any negotiations, revisions or responses

1619
01:21:16,280 --> 01:21:19,120
Speaker 33: to trade policies in the coming weeks, and then from

1620
01:21:19,160 --> 01:21:22,040
Speaker 33: there the RBNZB all need to look at the impact

1621
01:21:22,080 --> 01:21:25,240
Speaker 33: on our key trading partners, our currency, and then the

1622
01:21:25,240 --> 01:21:27,799
Speaker 33: flow through to our domestic economy and inflation.

1623
01:21:28,160 --> 01:21:29,720
Speaker 3: Remy, thank you for that up Ate, great to have

1624
01:21:29,760 --> 01:21:32,400
Speaker 3: you on as always. Remy Morgan milfind Asset Management. It's

1625
01:21:32,640 --> 01:21:36,240
Speaker 3: six twenty six Here on News Talk, Sebb Ryan Bridge

1626
01:21:36,400 --> 01:21:39,640
Speaker 3: in Tartanaki. You probably don't need to worry about this,

1627
01:21:40,000 --> 01:21:42,559
Speaker 3: but the University of Canterbury has done some research. They

1628
01:21:42,600 --> 01:21:45,400
Speaker 3: reckon that there's an up to fifty percent chance of

1629
01:21:45,439 --> 01:21:48,720
Speaker 3: Mount Taranaki erupting in the next fifty years. Which how

1630
01:21:48,840 --> 01:21:52,280
Speaker 3: useful is that? Up to fifty percent? Not very apparently

1631
01:21:52,280 --> 01:21:55,400
Speaker 3: the actual range, if you read further, is thirty to

1632
01:21:55,400 --> 01:21:58,839
Speaker 3: fifty percent chance. What do you do with that information?

1633
01:21:59,040 --> 01:22:02,240
Speaker 3: That's my question. It's a five year study. They reckon

1634
01:22:02,280 --> 01:22:04,880
Speaker 3: it could block a whole bunch of roads, a whole

1635
01:22:04,880 --> 01:22:08,000
Speaker 3: bunch of bridges, cut off some farms. But what do

1636
01:22:08,080 --> 01:22:10,600
Speaker 3: you do with an up to fifty percent chance of

1637
01:22:10,600 --> 01:22:12,800
Speaker 3: an eruption in fifty years? You're not going to change

1638
01:22:12,800 --> 01:22:15,240
Speaker 3: your life, aren't you. I don't think anything's going to

1639
01:22:15,280 --> 01:22:17,639
Speaker 3: change as a result of that. That well done. Twenty

1640
01:22:17,680 --> 01:22:19,280
Speaker 3: seven after six News Talk said.

1641
01:22:19,120 --> 01:22:37,640
Speaker 19: B stay, oh, aren't you on?

1642
01:22:38,000 --> 01:22:39,439
Speaker 2: Need you Olga.

1643
01:22:41,479 --> 01:22:41,719
Speaker 4: Need.

1644
01:22:43,720 --> 01:22:45,719
Speaker 2: It's beautiful things that are.

1645
01:22:46,600 --> 01:22:50,800
Speaker 1: Whether it's Macroe, microbe or just plain economics. It's all

1646
01:22:50,840 --> 01:22:54,919
Speaker 1: on the business hours with Ryan Bridge and Mares insurance

1647
01:22:55,040 --> 01:22:58,040
Speaker 1: and investments, Grow your wealth, protect your future.

1648
01:22:58,240 --> 01:22:59,080
Speaker 2: These talk sead be.

1649
01:23:04,400 --> 01:23:13,800
Speaker 34: Mysel yet is twenty five to seven.

1650
01:23:13,920 --> 01:23:16,840
Speaker 3: You're on newstalkz B. Great to have your company tonight.

1651
01:23:17,080 --> 01:23:19,639
Speaker 3: We're going to get to the UK just before seven o'clock.

1652
01:23:19,720 --> 01:23:22,080
Speaker 3: They've been hit by tariffs two obviously clice to the

1653
01:23:22,200 --> 01:23:24,120
Speaker 3: rate near you that we have. But we'll get to

1654
01:23:24,120 --> 01:23:26,400
Speaker 3: Gavin Gray before top of the hour. Right now. If

1655
01:23:26,400 --> 01:23:28,960
Speaker 3: you're one of those people who flies and texts the yes,

1656
01:23:29,040 --> 01:23:32,040
Speaker 3: I will offset my carbon emissions by planting a pine tree,

1657
01:23:32,080 --> 01:23:34,879
Speaker 3: thank you very much, and then feel totally fine about flying,

1658
01:23:35,840 --> 01:23:38,040
Speaker 3: then you might want to listen to this. The Parliamentary

1659
01:23:38,040 --> 01:23:41,160
Speaker 3: Commissioner for the Environment has recommended a big shake up

1660
01:23:41,280 --> 01:23:43,639
Speaker 3: in the way that we do forestry in this country.

1661
01:23:44,040 --> 01:23:46,280
Speaker 3: He's put out a report that recommends we should stop

1662
01:23:46,439 --> 01:23:49,599
Speaker 3: using pine forest to offset carbon emissions. He basically thinks

1663
01:23:49,640 --> 01:23:54,400
Speaker 3: we should phase out forestry offsets for carbon emissions. David

1664
01:23:54,479 --> 01:23:57,640
Speaker 3: Norton is a strategic science advisor with pure advantage with

1665
01:23:57,680 --> 01:24:00,679
Speaker 3: me tonight, David, good evening, Cure.

1666
01:24:00,720 --> 01:24:02,320
Speaker 4: It nice to be here, Thank you, Good to have.

1667
01:24:02,280 --> 01:24:04,840
Speaker 3: You on the show. So why can't we keep using

1668
01:24:04,920 --> 01:24:09,160
Speaker 3: pine forest? It seems easy to do and feels good.

1669
01:24:10,120 --> 01:24:12,040
Speaker 4: Yeah, it does seem easy to do, and it does

1670
01:24:12,080 --> 01:24:15,280
Speaker 4: feel good that The problem, the fundamental problem, is that

1671
01:24:15,360 --> 01:24:18,720
Speaker 4: we've got to stop producing emissions. We can't offset our

1672
01:24:18,760 --> 01:24:20,559
Speaker 4: way out of the climate emergency. So I guess the

1673
01:24:20,600 --> 01:24:22,960
Speaker 4: first reason is that we've also got to stop producing

1674
01:24:22,960 --> 01:24:24,240
Speaker 4: all the CO two out there.

1675
01:24:24,640 --> 01:24:26,320
Speaker 3: But if we are going to keep doing it, which,

1676
01:24:26,400 --> 01:24:28,080
Speaker 3: let's face it, we are going to keep doing for

1677
01:24:28,120 --> 01:24:32,120
Speaker 3: some time to come, then are we not better off

1678
01:24:32,640 --> 01:24:35,800
Speaker 3: offsetting it by planting trees, by planting pine? Is that?

1679
01:24:36,120 --> 01:24:37,240
Speaker 3: Is that a problem now?

1680
01:24:38,160 --> 01:24:38,439
Speaker 2: Yes?

1681
01:24:38,640 --> 01:24:40,600
Speaker 4: So that's a really good question. And the problem with

1682
01:24:40,720 --> 01:24:44,160
Speaker 4: pines is that there's no guarantee they're going to be permanent.

1683
01:24:44,439 --> 01:24:46,320
Speaker 4: So when you want to offset something, you want to

1684
01:24:46,320 --> 01:24:47,960
Speaker 4: be sure that carbon is going to stay in the

1685
01:24:47,960 --> 01:24:50,640
Speaker 4: ground forever, and there is zero guarantee they're going to

1686
01:24:50,680 --> 01:24:53,280
Speaker 4: be permanent. They'll grow for thirty forty fifty years, but

1687
01:24:53,360 --> 01:24:56,080
Speaker 4: beyond that we know very little about how they'll perform.

1688
01:24:56,240 --> 01:24:59,680
Speaker 4: So we'd be clear here, we're talking about permanent radiator

1689
01:24:59,680 --> 01:25:02,040
Speaker 4: pine forests have been planted for carbon. We're not talking

1690
01:25:02,040 --> 01:25:05,839
Speaker 4: about sustainably managed plantations for timber. And the real warriors

1691
01:25:05,960 --> 01:25:07,160
Speaker 4: are not going to be permanent. So it's going to

1692
01:25:07,160 --> 01:25:09,800
Speaker 4: be a liability. The guys, the people who plant them,

1693
01:25:10,120 --> 01:25:12,719
Speaker 4: made their money over the short term from the carbon offsets.

1694
01:25:12,920 --> 01:25:15,559
Speaker 4: But who's going to be liable for the environmental the

1695
01:25:15,600 --> 01:25:18,439
Speaker 4: downstream impacts of those forests collapse and of course for

1696
01:25:18,439 --> 01:25:20,360
Speaker 4: the loss in the carbon. And that's the real concern.

1697
01:25:20,479 --> 01:25:22,599
Speaker 3: What do you mean collapse? What will happen to them

1698
01:25:22,600 --> 01:25:23,719
Speaker 3: after that period of time.

1699
01:25:24,280 --> 01:25:26,920
Speaker 4: Well, there's no evidence to say that a pine forests. Remember,

1700
01:25:26,920 --> 01:25:30,400
Speaker 4: pine trees come from California. They're adapted to the Californian environment.

1701
01:25:31,160 --> 01:25:33,879
Speaker 4: There is no evidence that pine forest will stay permanently

1702
01:25:33,920 --> 01:25:36,320
Speaker 4: in the ground in Altero and New Zealand. It's not

1703
01:25:36,360 --> 01:25:38,880
Speaker 4: adapted to our New Zealand environment. And in fact was

1704
01:25:38,880 --> 01:25:41,680
Speaker 4: being suggested that as climate change becomes more and more

1705
01:25:41,720 --> 01:25:45,599
Speaker 4: extreme weather from climate change that these tall, thin pine

1706
01:25:45,640 --> 01:25:48,559
Speaker 4: trees that have been carefully selected to grow fast and

1707
01:25:48,600 --> 01:25:51,920
Speaker 4: sequest lots of carbon, become very prone to wind, throw

1708
01:25:52,040 --> 01:25:55,720
Speaker 4: to all sorts of extreme storm events and they'll fall down,

1709
01:25:55,800 --> 01:26:00,519
Speaker 4: fall over. Yeah, yeah, and so the useless. So someone's

1710
01:26:00,520 --> 01:26:02,840
Speaker 4: got a liability for the carbon that's been stored in them.

1711
01:26:02,840 --> 01:26:05,280
Speaker 4: It's an economic cost, probably the government in the future.

1712
01:26:05,600 --> 01:26:07,760
Speaker 4: But what about all the downstream impacts that are going

1713
01:26:07,800 --> 01:26:11,040
Speaker 4: to occur when those forests collapse and impact downstream communities.

1714
01:26:12,479 --> 01:26:14,720
Speaker 3: So what's the what do we do? I mean the

1715
01:26:14,720 --> 01:26:17,040
Speaker 3: thing whenever we talk about climate change, I just go

1716
01:26:18,120 --> 01:26:21,360
Speaker 3: I don't care. Like it's easier for me to just

1717
01:26:21,400 --> 01:26:23,400
Speaker 3: actually not think about it and carry on with my life.

1718
01:26:23,479 --> 01:26:26,160
Speaker 4: Yeah, you know what I mean totally. Look, look, we've

1719
01:26:26,200 --> 01:26:28,000
Speaker 4: got to try and reduce our emissions. That that there's

1720
01:26:28,000 --> 01:26:30,360
Speaker 4: no two ways about that, and every little step helps

1721
01:26:30,360 --> 01:26:32,759
Speaker 4: of that. But I think we've got to think about

1722
01:26:33,000 --> 01:26:36,760
Speaker 4: New Zealand and what New Zealand is facing. So cycling Gabriel,

1723
01:26:36,840 --> 01:26:39,320
Speaker 4: you know, is going to happen again and again and again,

1724
01:26:39,360 --> 01:26:41,680
Speaker 4: and it's not a one off event. And we've got

1725
01:26:41,720 --> 01:26:44,320
Speaker 4: to start thinking how do we build resilient landscapes. How

1726
01:26:44,320 --> 01:26:46,840
Speaker 4: do we make our catchments our landscapes resilient to these

1727
01:26:46,840 --> 01:26:49,840
Speaker 4: storm events? And forests are really important, but we need

1728
01:26:49,880 --> 01:26:53,280
Speaker 4: permanent native forests. And I'm involved with Pure Advantage in

1729
01:26:53,280 --> 01:26:56,760
Speaker 4: this project called Recloaking Papatua Nuku, which is proposing that

1730
01:26:56,800 --> 01:27:00,759
Speaker 4: we restore, regenerate, assist the development that of two million

1731
01:27:00,800 --> 01:27:04,519
Speaker 4: hectares of native forest, not in big blocks, but carefully

1732
01:27:04,560 --> 01:27:07,280
Speaker 4: interwoven through landscapes in New Zealand to try and build

1733
01:27:07,360 --> 01:27:10,519
Speaker 4: landscape resilience and have those native forests will also draw

1734
01:27:10,560 --> 01:27:11,639
Speaker 4: down carbon as well.

1735
01:27:11,720 --> 01:27:13,640
Speaker 3: Not as much as the pine though, right, that's the

1736
01:27:13,680 --> 01:27:15,720
Speaker 3: problem with natives and they take so much.

1737
01:27:17,040 --> 01:27:19,160
Speaker 4: Yeah, but they'll do it over the longer term and

1738
01:27:19,200 --> 01:27:22,559
Speaker 4: they'll help build up our resilient landscapes. And the Commission

1739
01:27:22,600 --> 01:27:25,040
Speaker 4: is quite clear in his report that you know, native

1740
01:27:25,040 --> 01:27:27,360
Speaker 4: forests can actually provide all these benefits, and of course

1741
01:27:27,360 --> 01:27:29,679
Speaker 4: they help by diversity the part of who.

1742
01:27:29,479 --> 01:27:33,120
Speaker 3: We are them who pays for them?

1743
01:27:33,960 --> 01:27:37,160
Speaker 4: Well, again he recommends by taking forestry out of the ets,

1744
01:27:37,400 --> 01:27:41,120
Speaker 4: it's going to make the emitters of carbon Dix side

1745
01:27:41,479 --> 01:27:43,560
Speaker 4: have to pay more to buy their carbon Creadis and

1746
01:27:43,600 --> 01:27:46,360
Speaker 4: government and that money then gets invested back into doing

1747
01:27:47,200 --> 01:27:48,840
Speaker 4: to doing native forestry across.

1748
01:27:48,640 --> 01:27:50,840
Speaker 3: So then we pay more. We have higher power bills

1749
01:27:50,840 --> 01:27:54,040
Speaker 3: presumably or whatever it might be, you know.

1750
01:27:54,720 --> 01:27:58,200
Speaker 4: Well not none if it's renewably generated. And I mean

1751
01:27:58,200 --> 01:27:59,960
Speaker 4: that's the whole thing, the whole idea of their mission.

1752
01:28:00,040 --> 01:28:02,040
Speaker 4: We have schemes to get us to change our behavior.

1753
01:28:02,120 --> 01:28:04,120
Speaker 3: And I suppose, but then in my petrol will be

1754
01:28:04,120 --> 01:28:05,160
Speaker 3: more expensive won't it.

1755
01:28:06,160 --> 01:28:08,599
Speaker 4: But then maybe we need to be have more evs

1756
01:28:08,680 --> 01:28:10,879
Speaker 4: and use use use other trans.

1757
01:28:10,880 --> 01:28:12,680
Speaker 3: Have I got a story for you, David. Have you

1758
01:28:12,720 --> 01:28:17,920
Speaker 3: read the story today? Go and have a reader. There's

1759
01:28:17,960 --> 01:28:21,080
Speaker 3: a study from Aukland University. Basically, we can't have the

1760
01:28:21,120 --> 01:28:24,240
Speaker 3: pine forests, we can't have the EV's. I'm banging my

1761
01:28:24,280 --> 01:28:26,240
Speaker 3: head against the wall here, David. I don't know what

1762
01:28:26,280 --> 01:28:26,519
Speaker 3: to do.

1763
01:28:28,720 --> 01:28:28,920
Speaker 12: About.

1764
01:28:29,680 --> 01:28:32,639
Speaker 4: No, it's not about tuning out. It's about about looking

1765
01:28:32,640 --> 01:28:35,080
Speaker 4: at everything we do and thinking about all those individual

1766
01:28:35,160 --> 01:28:37,720
Speaker 4: small actions can all help in the long run. But

1767
01:28:37,800 --> 01:28:40,639
Speaker 4: I think to me and my expertise as ecology, as

1768
01:28:40,640 --> 01:28:43,320
Speaker 4: a forest ecologist, and to me, we need to build

1769
01:28:43,360 --> 01:28:47,200
Speaker 4: resilient communities, resilient landscapes in New Zealand, and native forests

1770
01:28:47,360 --> 01:28:51,080
Speaker 4: you know, interwoven through our primary production systems, our farms

1771
01:28:51,120 --> 01:28:54,280
Speaker 4: and our horticultural areas can really help build that and

1772
01:28:54,320 --> 01:28:55,840
Speaker 4: it's going to be in the long term, and it's

1773
01:28:55,880 --> 01:28:57,719
Speaker 4: it's what we all want. We all we all relate

1774
01:28:57,760 --> 01:29:01,519
Speaker 4: to Cody or to Cabbagtry or to Catarou and to

1775
01:29:01,840 --> 01:29:03,160
Speaker 4: you know, it's all part of who we are.

1776
01:29:03,600 --> 01:29:05,120
Speaker 3: Yeah, and think, well, I don't know how much I

1777
01:29:05,160 --> 01:29:07,760
Speaker 3: relate to a cabbage tree. But I certainly I think

1778
01:29:08,360 --> 01:29:09,840
Speaker 3: if we're going to go down that track, I think

1779
01:29:09,840 --> 01:29:11,519
Speaker 3: I would relate more to a cabbage tree than I

1780
01:29:11,560 --> 01:29:15,160
Speaker 3: would to a pine. That's a fair point. Hey, thanks

1781
01:29:15,160 --> 01:29:17,360
Speaker 3: for coming on the show, David. Interesting stuff. David Norton

1782
01:29:17,439 --> 01:29:20,440
Speaker 3: Pure Advantage, Strategic Science advisor, talking there about the Parliamentary

1783
01:29:20,479 --> 01:29:24,120
Speaker 3: Commission for the Environment, saying that you know, pine plantations,

1784
01:29:24,160 --> 01:29:31,400
Speaker 3: not the plantations, but pine paddocks, paddocks filled with pine

1785
01:29:31,840 --> 01:29:34,720
Speaker 3: not necessarily the best thing in the long run. Just

1786
01:29:34,760 --> 01:29:38,200
Speaker 3: gone eighteen minutes away from seven nine to nine two,

1787
01:29:38,200 --> 01:29:40,000
Speaker 3: the numbers of text will get to Gavin Gray in

1788
01:29:40,040 --> 01:29:40,559
Speaker 3: the UK.

1789
01:29:40,479 --> 01:29:45,000
Speaker 1: Next, everything from SMEs to the big corporates, The Business

1790
01:29:45,040 --> 01:29:49,719
Speaker 1: Hour with Ryan Bridge, and Mayor's Insurance and Investments, Grew

1791
01:29:49,760 --> 01:29:52,400
Speaker 1: Your Wealth, Protect Your Future News Talks.

1792
01:29:52,320 --> 01:29:56,840
Speaker 3: V sixteen Away from seven News Talks, there'd be Gavin

1793
01:29:56,880 --> 01:30:00,960
Speaker 3: Gray's our UK correspondent, Gavin Good evening, what does this

1794
01:30:01,040 --> 01:30:02,920
Speaker 3: talk of nationalizing British steel?

1795
01:30:04,640 --> 01:30:07,840
Speaker 32: Well, we now know, of course that steel industries around

1796
01:30:07,880 --> 01:30:11,080
Speaker 32: the world are those that aren't particularly booming are going

1797
01:30:11,120 --> 01:30:13,519
Speaker 32: to struggle in this trade war. The UK is certainly

1798
01:30:13,520 --> 01:30:17,000
Speaker 32: amongst those. British steel is actually owned by a Chinese

1799
01:30:17,040 --> 01:30:20,320
Speaker 32: company here in the UK, and it was reported about

1800
01:30:20,360 --> 01:30:22,839
Speaker 32: a week or so ago that the Chinese had stopped

1801
01:30:22,960 --> 01:30:26,920
Speaker 32: importing the necessary ingredients, the raw materials to keep this

1802
01:30:27,000 --> 01:30:29,720
Speaker 32: blast furnace going in scun Thopte, which is to the

1803
01:30:29,760 --> 01:30:32,599
Speaker 32: east of England. In other words, if it runs out

1804
01:30:32,600 --> 01:30:35,680
Speaker 32: of raw material within days, which is what's being reported,

1805
01:30:35,920 --> 01:30:38,760
Speaker 32: the plant would simply shut down. And of course it

1806
01:30:38,800 --> 01:30:42,840
Speaker 32: faces strong economic headwinds with those tariffs as well. So

1807
01:30:43,200 --> 01:30:46,160
Speaker 32: the government here saying, look, if that is going to happen,

1808
01:30:46,280 --> 01:30:49,200
Speaker 32: it was telling workers and unions we're going to step in,

1809
01:30:49,439 --> 01:30:54,679
Speaker 32: and they are therefore considering nationalizing it. And it has

1810
01:30:54,760 --> 01:30:58,160
Speaker 32: two blast furnaces in Scunthorpe. British Steel the company, and

1811
01:30:58,200 --> 01:31:01,080
Speaker 32: there are fears that without government support or twenty seven

1812
01:31:01,160 --> 01:31:04,559
Speaker 32: hundred jobs could go. They've been with this company, jing Ye,

1813
01:31:04,560 --> 01:31:07,760
Speaker 32: in China since twenty twenty and jing Y says it's

1814
01:31:07,760 --> 01:31:10,559
Speaker 32: invested roughly two and a half billion New Zealand dollars

1815
01:31:10,600 --> 01:31:14,759
Speaker 32: into British Steel to maintain operations, but is suffering losses

1816
01:31:15,200 --> 01:31:19,040
Speaker 32: of one and a half billion a day and so

1817
01:31:19,160 --> 01:31:23,640
Speaker 32: substantial losses or seven hundred thousand pounds a day is

1818
01:31:23,680 --> 01:31:26,439
Speaker 32: the loss, so it is a very very substantial fund.

1819
01:31:26,439 --> 01:31:29,640
Speaker 32: The government has twice offered five hundred million pounds to

1820
01:31:30,520 --> 01:31:35,200
Speaker 32: support a switch from blast furnaces to an electric type

1821
01:31:35,240 --> 01:31:38,880
Speaker 32: of furnace, more environmentally friendly, and twice that's been rejected.

1822
01:31:38,920 --> 01:31:41,240
Speaker 32: So yeah, very very fragile state of affairs in the

1823
01:31:41,240 --> 01:31:42,080
Speaker 32: steel industry.

1824
01:31:42,200 --> 01:31:45,000
Speaker 3: Interesting given obviously the trade wills happening and there's a

1825
01:31:45,040 --> 01:31:49,559
Speaker 3: campaign to buy British. Interesting that kirstam is saying now

1826
01:31:49,560 --> 01:31:50,479
Speaker 3: I don't want a piece of that.

1827
01:31:51,720 --> 01:31:52,559
Speaker 2: Yeah, very odd.

1828
01:31:52,680 --> 01:31:55,120
Speaker 32: I don't know if that's because it was devised by

1829
01:31:55,640 --> 01:31:59,639
Speaker 32: the Liberal Democrats, another party within parliament or not, but yeah,

1830
01:31:59,640 --> 01:32:03,920
Speaker 32: it was very interesting that they say, Kirstarmer spokesperson saying,

1831
01:32:03,920 --> 01:32:06,760
Speaker 32: we're an open trading nation, so we're not going to

1832
01:32:06,800 --> 01:32:09,080
Speaker 32: tell people, quote where to buy their stuff.

1833
01:32:09,479 --> 01:32:10,400
Speaker 15: Well, all the.

1834
01:32:10,320 --> 01:32:13,919
Speaker 32: Liberal Democrats were suggesting is a promotional campaign to encourage

1835
01:32:13,960 --> 01:32:16,599
Speaker 32: the public to see the British stickers on goods and

1836
01:32:16,720 --> 01:32:20,320
Speaker 32: buy those instead of any alternatives. It seems a relatively

1837
01:32:20,640 --> 01:32:23,800
Speaker 32: harmless thing to be asking and a good thing to

1838
01:32:23,880 --> 01:32:26,799
Speaker 32: be doing, But it would appear the government's not going

1839
01:32:26,840 --> 01:32:29,519
Speaker 32: that way. What I think we are perhaps going to

1840
01:32:29,560 --> 01:32:34,800
Speaker 32: see is easier for small and medium sized British businesses

1841
01:32:35,240 --> 01:32:38,840
Speaker 32: to bid for government contracts. And that's already a bit

1842
01:32:38,840 --> 01:32:41,400
Speaker 32: of legislation in there from the previous government, but apparently

1843
01:32:41,439 --> 01:32:45,080
Speaker 32: it's still very very difficult. Well I know that it's

1844
01:32:45,120 --> 01:32:48,759
Speaker 32: extremely lengthy and difficult if you're a very very small business.

1845
01:32:49,200 --> 01:32:50,600
Speaker 32: And so they are going to try and make this

1846
01:32:50,680 --> 01:32:53,720
Speaker 32: easier for British businesses to bid for British work that

1847
01:32:54,000 --> 01:32:55,519
Speaker 32: is of public sector nature.

1848
01:32:56,320 --> 01:32:59,280
Speaker 3: Interesting stuff. At least with all the doing and gloom

1849
01:32:59,280 --> 01:33:01,120
Speaker 3: in the world, You've you've got some good news for us.

1850
01:33:01,160 --> 01:33:04,360
Speaker 3: You're getting the UK getting a new Universal theme park.

1851
01:33:04,360 --> 01:33:05,799
Speaker 3: Where's it going, Gevin?

1852
01:33:06,280 --> 01:33:10,639
Speaker 32: Yeah, in Bedford, which is about seventy eighty kilometers north

1853
01:33:10,800 --> 01:33:13,760
Speaker 32: of London. It's on the site of a former brickworks.

1854
01:33:14,160 --> 01:33:17,720
Speaker 32: Expected to generate twenty eight thousand jobs and open in

1855
01:33:17,840 --> 01:33:21,240
Speaker 32: twenty thirty one, so it's a huge complex. It could

1856
01:33:21,240 --> 01:33:23,680
Speaker 32: attract they reckon eight and a half million visitors in

1857
01:33:23,720 --> 01:33:26,839
Speaker 32: its first year and generate one hundred billion New Zealand

1858
01:33:26,840 --> 01:33:31,040
Speaker 32: dollars for the UK economy by twenty fifty five. Universal

1859
01:33:31,080 --> 01:33:34,240
Speaker 32: Destinations and Experience say eighty percent of those employed in

1860
01:33:34,280 --> 01:33:37,880
Speaker 32: the new jobs will be from the county and surrounding areas.

1861
01:33:38,000 --> 01:33:41,839
Speaker 32: Universal of course has produced films like Minions and Wicked,

1862
01:33:42,439 --> 01:33:44,400
Speaker 32: and it has a long list of theme parks. Of course,

1863
01:33:44,439 --> 01:33:47,720
Speaker 32: the most famous is in Los Angeles and Orlando in

1864
01:33:47,760 --> 01:33:52,240
Speaker 32: the US, but also in Osaka, Japan, in Singapore and Beijing.

1865
01:33:52,400 --> 01:33:56,800
Speaker 32: So this would be the first Universal branded destination in Europe,

1866
01:33:56,920 --> 01:33:59,240
Speaker 32: and I think this government is considering it's quite a

1867
01:33:59,240 --> 01:34:02,120
Speaker 32: big win for right. As to all those promises of

1868
01:34:02,240 --> 01:34:05,360
Speaker 32: jobs and numbers and figures, well, of course all these

1869
01:34:05,360 --> 01:34:07,800
Speaker 32: things are projections, but certainly it's going to be a

1870
01:34:07,920 --> 01:34:11,040
Speaker 32: very big provider just in its construction phase at the very.

1871
01:34:11,040 --> 01:34:13,920
Speaker 3: Least very cool. I'll definitely be heading along there, Gavin.

1872
01:34:13,960 --> 01:34:16,720
Speaker 3: Thank you for that. Kevin Gray, a UK correspondent. It

1873
01:34:16,840 --> 01:34:18,880
Speaker 3: is eleven away from seven News Talk ZB.

1874
01:34:20,200 --> 01:34:22,800
Speaker 1: It's the heather too for see Allen Drive Full Show

1875
01:34:22,880 --> 01:34:26,320
Speaker 1: podcast on iHeartRadio powered by Newstalk ZBB.

1876
01:34:27,680 --> 01:34:30,200
Speaker 3: Oh, busy Old day, just gone nine minutes away from seven.

1877
01:34:30,200 --> 01:34:32,880
Speaker 3: Busy Old day with Donald Trump and the tariffs coming

1878
01:34:32,880 --> 01:34:35,920
Speaker 3: into force at four oh one pm our time. Ten

1879
01:34:35,960 --> 01:34:39,320
Speaker 3: percent for US, twenty percent for the EU, one hundred

1880
01:34:39,360 --> 01:34:42,400
Speaker 3: and four percent for the Chinese. Got a feel for them.

1881
01:34:43,320 --> 01:34:46,400
Speaker 3: They reckon it could cut what could have the amount

1882
01:34:46,400 --> 01:34:49,800
Speaker 3: that China exports to the United States. We have seen

1883
01:34:49,800 --> 01:34:51,720
Speaker 3: the stocks settle down a little bit. I mean I

1884
01:34:51,720 --> 01:34:54,080
Speaker 3: know that A six was down slightly. New Zealand was

1885
01:34:54,120 --> 01:34:57,599
Speaker 3: down slightly, but over in the US they did finish

1886
01:34:57,680 --> 01:34:59,840
Speaker 3: down slightly, though they did rarely to start the day.

1887
01:35:00,560 --> 01:35:03,360
Speaker 3: The reason for the rally was that senior White House

1888
01:35:03,400 --> 01:35:06,439
Speaker 3: people were going out there and saying, don't worry, deals

1889
01:35:06,479 --> 01:35:10,360
Speaker 3: can be done, Deals will be done. And Scott Bessont,

1890
01:35:10,360 --> 01:35:14,360
Speaker 3: who's the Treasury secretary, he said, these are the maximum

1891
01:35:14,520 --> 01:35:17,040
Speaker 3: level of tariffs that you will see, and that implies

1892
01:35:17,040 --> 01:35:19,480
Speaker 3: that they can come down right, and that implies negotiation,

1893
01:35:19,560 --> 01:35:21,040
Speaker 3: and that implies that there will be some sort of

1894
01:35:21,120 --> 01:35:24,400
Speaker 3: backdown and deal done. The whole crisis could be averted.

1895
01:35:24,880 --> 01:35:26,920
Speaker 3: And Trump talked about a deal with South Korea. So

1896
01:35:27,000 --> 01:35:30,839
Speaker 3: there is hope. There is hope out there, but perhaps

1897
01:35:30,840 --> 01:35:34,120
Speaker 3: not confidence just yet that anything will change anytime soon.

1898
01:35:34,800 --> 01:35:36,920
Speaker 3: Back here in little lot of New Zealand, one guess

1899
01:35:36,960 --> 01:35:40,040
Speaker 3: about what Nikola Willis has been watching this week. She

1900
01:35:40,200 --> 01:35:42,680
Speaker 3: used the time in the debating chamber of this Asternoon

1901
01:35:42,760 --> 01:35:46,320
Speaker 3: to speak about, well, the White Lotus TV show.

1902
01:35:46,479 --> 01:35:50,280
Speaker 35: New Zealanders would be forgiven for wanting some light relief.

1903
01:35:50,800 --> 01:35:53,400
Speaker 35: And so on Monday night, many of them will have

1904
01:35:53,479 --> 01:35:57,240
Speaker 35: tuned in to the last episode of The White Lotus.

1905
01:35:57,960 --> 01:36:02,200
Speaker 35: And when I gazed the images of that White Lotus

1906
01:36:02,200 --> 01:36:06,599
Speaker 35: hotel there in Thailand, my mind drifted to.

1907
01:36:06,640 --> 01:36:07,559
Speaker 29: The Labor Party.

1908
01:36:09,320 --> 01:36:11,760
Speaker 3: Yes, she has been watching The White Lotus and she

1909
01:36:11,920 --> 01:36:13,719
Speaker 3: just couldn't get Labor out of her head.

1910
01:36:13,920 --> 01:36:17,600
Speaker 35: Because, mister Speaker, there are very few entities which have

1911
01:36:17,760 --> 01:36:22,240
Speaker 35: as many competing storylines as the White Lotus. But the

1912
01:36:22,320 --> 01:36:26,680
Speaker 35: Labor parties competing storylines about its policy process and what

1913
01:36:26,720 --> 01:36:30,040
Speaker 35: it wants to do to New Zealanders are perhaps as

1914
01:36:30,080 --> 01:36:33,599
Speaker 35: manifold as they are in the White Lotos.

1915
01:36:34,560 --> 01:36:37,240
Speaker 3: She reckons, the next season of The White Loatus is

1916
01:36:37,280 --> 01:36:38,840
Speaker 3: going to be made right here at home.

1917
01:36:39,120 --> 01:36:42,479
Speaker 35: Where will the next episode of The White Lotus take place?

1918
01:36:42,520 --> 01:36:46,040
Speaker 35: Where will the next series be? Because we've had it

1919
01:36:46,160 --> 01:36:49,280
Speaker 35: in Hawaii, we've had it in literally, we've had it

1920
01:36:49,320 --> 01:36:52,400
Speaker 35: in Thailand. Well, I think it's time that our golden

1921
01:36:52,479 --> 01:36:56,080
Speaker 35: paradise of New Zealand be the place for the next

1922
01:36:56,320 --> 01:36:59,080
Speaker 35: series of The White Lotus. And I reckon I've picked

1923
01:36:59,080 --> 01:37:02,479
Speaker 35: the location for it needs to be somewhere where there's

1924
01:37:02,640 --> 01:37:05,679
Speaker 35: a villain who's prepared to take on others. It needs

1925
01:37:05,720 --> 01:37:09,559
Speaker 35: to be somewhere where frenemies will come together. It needs

1926
01:37:09,600 --> 01:37:13,160
Speaker 35: to be somewhere where a true battle can happen between

1927
01:37:13,240 --> 01:37:17,360
Speaker 35: psychological forces. So I'm picking. I'm picking the place where

1928
01:37:17,400 --> 01:37:20,240
Speaker 35: I reckon the real leadership and tax battle of the

1929
01:37:20,320 --> 01:37:24,679
Speaker 35: Labor Party will happen. And that's the Waded Up. Because

1930
01:37:24,800 --> 01:37:28,040
Speaker 35: let's just speaker, the Waded Upper. We have a man

1931
01:37:28,160 --> 01:37:31,439
Speaker 35: called Kieran Maconolty. Sadly for him, although not the people

1932
01:37:31,439 --> 01:37:34,040
Speaker 35: of the Wided Upp are no longer the local MP.

1933
01:37:36,360 --> 01:37:39,120
Speaker 3: What's got to do with Karen macinoalty. She lost me

1934
01:37:39,120 --> 01:37:41,920
Speaker 3: a little bit at the end there. Anyway, That was

1935
01:37:42,000 --> 01:37:45,519
Speaker 3: Nichola Willis in the house today. Obviously she's been watching binge,

1936
01:37:45,520 --> 01:37:47,800
Speaker 3: watching too much White Lotus five away from seven.

1937
01:37:47,960 --> 01:37:50,640
Speaker 28: I'm sometimes relieved Ryan that we don't have filibusters in

1938
01:37:50,640 --> 01:37:53,040
Speaker 28: the New Zealand Parliament, because that's what Nicola Lewis can

1939
01:37:53,080 --> 01:37:55,280
Speaker 28: do with just a speech. I just dream to think

1940
01:37:55,320 --> 01:37:57,320
Speaker 28: where some of them could take us on a twenty

1941
01:37:57,320 --> 01:37:58,120
Speaker 28: five hours.

1942
01:37:58,120 --> 01:38:00,799
Speaker 3: It's a good point. Thank goodness, we are we're blessed.

1943
01:38:00,960 --> 01:38:02,120
Speaker 3: Who are we going out to NS.

1944
01:38:02,040 --> 01:38:04,840
Speaker 28: Yeah, well, speaking of that, not super blessed in every respect, Ryan,

1945
01:38:05,120 --> 01:38:07,840
Speaker 28: Abrik and Abra by Lady Gaga to play us out

1946
01:38:07,880 --> 01:38:12,640
Speaker 28: tonight because she's announced her Mayhem Wild Tour than You

1947
01:38:12,720 --> 01:38:14,479
Speaker 28: tour and support of the album. She's going to be

1948
01:38:14,520 --> 01:38:17,040
Speaker 28: stopping in Australia, first time back in this part of

1949
01:38:17,040 --> 01:38:20,200
Speaker 28: the world since twenty eleven. No New Zealand shows to

1950
01:38:20,240 --> 01:38:23,679
Speaker 28: be seen unfortunately, so she is going to do December

1951
01:38:23,720 --> 01:38:27,040
Speaker 28: fifth at Marvel Stadium in Melbourne, December eighth, December ninth,

1952
01:38:27,080 --> 01:38:29,919
Speaker 28: sorry at sun Corp Stadium in Brisbane, and then December

1953
01:38:29,960 --> 01:38:33,760
Speaker 28: twelfth at Core Stadium in Sydney. All stadium shows, so

1954
01:38:33,800 --> 01:38:35,200
Speaker 28: that might be our problem. But we do have a

1955
01:38:35,200 --> 01:38:37,160
Speaker 28: couple of big stadiums in New Zealand and there are

1956
01:38:37,160 --> 01:38:39,400
Speaker 28: a few days in between there, so hopefully our promoters

1957
01:38:39,400 --> 01:38:41,240
Speaker 28: are on the phone tour and trying to make something happen.

1958
01:38:41,280 --> 01:38:46,280
Speaker 3: Now. I liked your optimism, but I highly doubt it

1959
01:38:46,479 --> 01:38:49,439
Speaker 3: nts Lady Gaga to see us that to night. Thanks

1960
01:38:49,479 --> 01:38:52,440
Speaker 3: for audio emails and your feedback. Appreciate Cinmo.

1961
01:39:00,160 --> 01:39:21,479
Speaker 34: Dot Down, afropropetrop.

1962
01:39:30,200 --> 01:39:32,080
Speaker 18: One Streak.

1963
01:39:33,240 --> 01:39:38,760
Speaker 2: After you.

1964
01:39:42,680 --> 01:40:03,839
Speaker 18: Sto you

1965
01:40:26,000 --> 01:40:29,160
Speaker 1: For more from Hither Duplessy Allen Drive, listen live to

1966
01:40:29,280 --> 01:40:32,320
Speaker 1: news talks it'd be from four pm weekdays, or follow

1967
01:40:32,360 --> 01:40:34,120
Speaker 1: the podcast on iHeartRadio