1 00:00:00,280 --> 00:00:01,400 Speaker 1: Ever duper c L. 2 00:00:01,600 --> 00:00:03,080 Speaker 2: I'm going to get to your Feedback's a lot of it. 3 00:00:03,120 --> 00:00:04,880 Speaker 2: We're going to get to your feedback shortly, and also 4 00:00:04,960 --> 00:00:07,640 Speaker 2: explain this idea of the generation being stripped out of 5 00:00:07,640 --> 00:00:10,120 Speaker 2: the gen tailors right now, six twenty one, Shane Solly, 6 00:00:10,160 --> 00:00:13,840 Speaker 2: Harbor Asset Management is with us as Shane. Hello, Heaver, Right, 7 00:00:14,040 --> 00:00:16,280 Speaker 2: what are we thinking about the feeds chances of cutting 8 00:00:16,320 --> 00:00:17,080 Speaker 2: the rates? 9 00:00:17,320 --> 00:00:19,520 Speaker 1: Well, it's a big one. I'm going to be honest 10 00:00:19,520 --> 00:00:22,520 Speaker 1: with you. The We've got July consumer price inflation for 11 00:00:22,520 --> 00:00:24,320 Speaker 1: the United States that comes out on Tuesday night in 12 00:00:24,320 --> 00:00:27,320 Speaker 1: news on time. They'll influence whether the US FED that's 13 00:00:27,320 --> 00:00:29,720 Speaker 1: a central bank, and the US does cut rates when 14 00:00:29,760 --> 00:00:32,760 Speaker 1: they do it how often. Obviously, mister Trump, the President 15 00:00:32,840 --> 00:00:34,519 Speaker 1: is pushing in the cut rates. But inflation has been 16 00:00:34,520 --> 00:00:37,959 Speaker 1: pretty sticky. Market is expecting about a zero point two 17 00:00:38,000 --> 00:00:41,479 Speaker 1: percent number for the July month. That conmits to two 18 00:00:41,520 --> 00:00:44,880 Speaker 1: point eight percent for the full year. Maybe getting enough, 19 00:00:45,240 --> 00:00:47,800 Speaker 1: maybe getting enough, But you know, the feed's been pretty 20 00:00:47,800 --> 00:00:49,680 Speaker 1: sticky with this sort of four point twenty five four 21 00:00:49,720 --> 00:00:52,640 Speaker 1: point five percent range they're put in December. Look, I 22 00:00:52,640 --> 00:00:55,440 Speaker 1: think the markets can be a bit weary. Uh, Market's 23 00:00:55,440 --> 00:00:57,600 Speaker 1: gonna be worried if it comes in hot. Either, to 24 00:00:57,640 --> 00:01:00,320 Speaker 1: be honest with that, it's above that point two, then 25 00:01:00,360 --> 00:01:02,400 Speaker 1: the market's gonna be worried about interstrates staying high when 26 00:01:02,400 --> 00:01:05,240 Speaker 1: the economy is slowing down. So yeah, really important one 27 00:01:05,280 --> 00:01:06,520 Speaker 1: on Tuesday night in New Zealan time. 28 00:01:07,000 --> 00:01:09,759 Speaker 2: Now, what is the market expecting from the RBA tomorrow? 29 00:01:10,640 --> 00:01:13,960 Speaker 1: Yeah, in contrast fully pricing and aero point twenty five 30 00:01:14,080 --> 00:01:17,200 Speaker 1: percent cut from THEBA taking their official case rate down 31 00:01:17,280 --> 00:01:20,200 Speaker 1: to three point six percent last month. Of course, either 32 00:01:20,240 --> 00:01:22,440 Speaker 1: they shocked us by not cutting. They said we want 33 00:01:22,480 --> 00:01:24,880 Speaker 1: to see some more data, particularly on price growth and inflation. 34 00:01:25,240 --> 00:01:27,800 Speaker 1: Since then, we've had inflation come in lower than expected 35 00:01:27,880 --> 00:01:31,000 Speaker 1: two points in percent and actually unemployment starting to rise, 36 00:01:31,000 --> 00:01:33,399 Speaker 1: and iussy something that many New Zealanders don't realize that 37 00:01:33,480 --> 00:01:36,440 Speaker 1: economy is actually starting to slow down. So a cut 38 00:01:36,560 --> 00:01:38,760 Speaker 1: that would be pretty helpful and just cushioning the bit 39 00:01:38,800 --> 00:01:42,280 Speaker 1: of slow down that's occurring, boosting household confidence which is 40 00:01:42,280 --> 00:01:46,320 Speaker 1: actually pretty weak. If they don't cut, markets will be weak. Yeah. 41 00:01:46,480 --> 00:01:48,600 Speaker 2: Did you see that stuff around spark selling a steak 42 00:01:48,640 --> 00:01:50,920 Speaker 2: in the data center business? How the market react to that? 43 00:01:51,600 --> 00:01:56,360 Speaker 1: Ah? Yeah, Look, so we've seen Australian Financial Review report 44 00:01:56,400 --> 00:01:59,280 Speaker 1: and the weekends Pacific Equing Partners is closing in on 45 00:01:59,400 --> 00:02:03,160 Speaker 1: taking stay Can Sparks five hundred and fifty million dollar 46 00:02:03,200 --> 00:02:06,200 Speaker 1: plus status in the platform, sparking out this morning and said, no, 47 00:02:06,440 --> 00:02:09,680 Speaker 1: nothing is a year. The processes on going. We'll tell 48 00:02:09,680 --> 00:02:11,440 Speaker 1: you when we're ready to tell you when something's going on. 49 00:02:11,520 --> 00:02:15,720 Speaker 1: But look, the Thin Review report was pretty specific. They 50 00:02:15,800 --> 00:02:18,920 Speaker 1: talked about controlling stakes. They took about a new zion 51 00:02:19,240 --> 00:02:23,320 Speaker 1: dollar six hundred million dollar valuation, so quite specific. Actually 52 00:02:23,560 --> 00:02:25,960 Speaker 1: on the day the sheeprice pretty flat only up points 53 00:02:25,960 --> 00:02:30,000 Speaker 1: six two sixty one. Sorry either, really bit of a 54 00:02:30,000 --> 00:02:32,720 Speaker 1: balance between we're watching for a bit of a possibly 55 00:02:32,720 --> 00:02:35,120 Speaker 1: a flat result, poor result coming up in their result 56 00:02:35,760 --> 00:02:37,959 Speaker 1: in a few weeks time versus this deal. 57 00:02:38,960 --> 00:02:41,520 Speaker 2: And also the IPO for Fontira's offer, isn't. 58 00:02:41,360 --> 00:02:45,360 Speaker 1: It well yeah, look again the Financial Review is amazing 59 00:02:45,360 --> 00:02:48,000 Speaker 1: how this IY paper things to step up as saying 60 00:02:48,080 --> 00:02:53,000 Speaker 1: that French multinational company like Talastan brands like Pools and 61 00:02:53,040 --> 00:02:55,880 Speaker 1: Oak in Australia, they're the lead better for Fonterra's consumer 62 00:02:55,880 --> 00:03:01,320 Speaker 1: products business. Apparently they're being given exclusive opportunity to buy it. 63 00:03:02,200 --> 00:03:04,800 Speaker 1: This has been a prolonged process, Frontier started back and 64 00:03:04,960 --> 00:03:08,079 Speaker 1: Frontier a sorry and back in November saying hey, we're 65 00:03:08,120 --> 00:03:11,680 Speaker 1: indicating a trade sale or io. It's looking like a 66 00:03:11,720 --> 00:03:16,160 Speaker 1: trade sale. The keeping is for New Zealand Incorporated. If 67 00:03:16,280 --> 00:03:18,799 Speaker 1: there is a good price, then that money could find 68 00:03:18,840 --> 00:03:21,639 Speaker 1: its way back to justice and farmers in the form 69 00:03:21,680 --> 00:03:24,760 Speaker 1: of a returning capital. Share price was actually up almost 70 00:03:24,800 --> 00:03:26,959 Speaker 1: two percent to seven dollars eighteen today. 71 00:03:27,840 --> 00:03:31,000 Speaker 2: For more from Hither Duplessy Allen Drive, listen live to 72 00:03:31,080 --> 00:03:34,120 Speaker 2: news talks it'd be from four pm weekdays, or follow 73 00:03:34,160 --> 00:03:35,880 Speaker 2: the podcast on iHeartRadio.