1
00:00:01,440 --> 00:00:04,080
Speaker 1: The only drive show you can try to ask the

2
00:00:04,160 --> 00:00:07,080
Speaker 1: question which can get the answers, find the facts and

3
00:00:07,560 --> 00:00:11,200
Speaker 1: give the analysis. Bryan Bridge on hither duplicy Ellen Drive

4
00:00:11,480 --> 00:00:14,800
Speaker 1: with One New Zealand and the power of satellite mobile

5
00:00:15,080 --> 00:00:15,920
Speaker 1: news Dogs.

6
00:00:16,440 --> 00:00:18,960
Speaker 2: Seven coming up. Nikola Willis on the new Reserve Bank

7
00:00:19,000 --> 00:00:21,120
Speaker 2: governor and the comment at the mood of the boardroom

8
00:00:21,120 --> 00:00:23,240
Speaker 2: this morning that went down like a coup of cold sick.

9
00:00:23,280 --> 00:00:26,319
Speaker 2: We'll talk the Auckland density debate, charging for parking at

10
00:00:26,400 --> 00:00:28,760
Speaker 2: national parks, and we're in the US for Trump on

11
00:00:28,840 --> 00:00:31,680
Speaker 2: his comments on the UN and Elbow gets to sit down.

12
00:00:31,720 --> 00:00:33,720
Speaker 3: All ahead, Bryan Bridge.

13
00:00:33,800 --> 00:00:36,360
Speaker 2: The Swedes do central banking a little different to us,

14
00:00:36,400 --> 00:00:38,559
Speaker 2: and I reckon it's good news that we've got a

15
00:00:38,600 --> 00:00:43,080
Speaker 2: Swede in charge. Risks Bank, which is basically their rbnzet equivalent,

16
00:00:43,600 --> 00:00:47,960
Speaker 2: is really big on this little thing called transparency. Three

17
00:00:47,960 --> 00:00:51,040
Speaker 2: things to know. This is stuff they do that we don't.

18
00:00:51,200 --> 00:00:55,160
Speaker 2: Currently they rank number one amongst the best performing on

19
00:00:55,280 --> 00:00:58,440
Speaker 2: openness and honesty in the world. Number two they publish

20
00:00:58,520 --> 00:01:02,320
Speaker 2: an actual Ford five cast for the ocr we don't,

21
00:01:02,680 --> 00:01:06,840
Speaker 2: and number three they publish alternative scenarios and minutes in

22
00:01:06,880 --> 00:01:09,559
Speaker 2: the minutes you get to see which of these guys

23
00:01:09,640 --> 00:01:13,760
Speaker 2: voted which way and their justifications for doing so. Currently,

24
00:01:14,000 --> 00:01:17,200
Speaker 2: we don't get to know which way the committee members voted,

25
00:01:17,480 --> 00:01:21,080
Speaker 2: let alone why. And remember it's not just Rix Bank

26
00:01:21,120 --> 00:01:23,240
Speaker 2: that does this, it's the FED in the US, the

27
00:01:23,280 --> 00:01:28,640
Speaker 2: Bank of England. They all reveal who, some even reveal why,

28
00:01:29,400 --> 00:01:32,800
Speaker 2: so why don't we Here's hoping the Swedeen charge will

29
00:01:32,800 --> 00:01:35,880
Speaker 2: help shape things up. Changes will be made, Sunlight will

30
00:01:35,880 --> 00:01:38,440
Speaker 2: be shone, a new dawn perhaps for number two. The

31
00:01:38,560 --> 00:01:41,720
Speaker 2: terraces after a dark and cloudy, let's face it, roller

32
00:01:41,760 --> 00:01:45,760
Speaker 2: coaster ride of terror under Adrian Or. Her name is

33
00:01:45,840 --> 00:01:49,080
Speaker 2: Aarna Breman. CV reads as you'd expect current who I

34
00:01:49,200 --> 00:01:51,680
Speaker 2: see of the bank in her home country, the Central Bank.

35
00:01:51,680 --> 00:01:54,800
Speaker 2: They're academic jobs, chief economists at a retail bank. She's

36
00:01:54,840 --> 00:01:57,440
Speaker 2: moving here with her family, which is nice, good to see.

37
00:01:58,640 --> 00:02:00,600
Speaker 2: I don't know how news it in first feel about

38
00:02:00,680 --> 00:02:03,320
Speaker 2: us importing another migrant for a Kiwi job, but there

39
00:02:03,400 --> 00:02:07,240
Speaker 2: we go. So reality is most of the heavy lifting.

40
00:02:07,280 --> 00:02:09,480
Speaker 2: By the time she gets their feet under the desk

41
00:02:09,520 --> 00:02:14,239
Speaker 2: December first, will hopefully have been done two more reviews

42
00:02:14,320 --> 00:02:17,600
Speaker 2: under hawksby October November. Then he's gone, not just from

43
00:02:17,639 --> 00:02:19,880
Speaker 2: the top job, but from the bank entirely, and then

44
00:02:19,880 --> 00:02:22,240
Speaker 2: they shout up shop of course for Christmas till February.

45
00:02:22,680 --> 00:02:25,520
Speaker 2: Let's hope as she enjoys what I'm sure will be

46
00:02:25,560 --> 00:02:28,520
Speaker 2: a welcome sunny Kiwi summer, she brings a bit of

47
00:02:28,560 --> 00:02:33,480
Speaker 2: that sunshine. After all, the best disinfectant to number two

48
00:02:33,800 --> 00:02:46,120
Speaker 2: the Terrace, Wellington after four please nine nine two. Great

49
00:02:46,120 --> 00:02:49,000
Speaker 2: to hear from you. New cancer drugs could save hospitals

50
00:02:49,000 --> 00:02:51,720
Speaker 2: and patients both time and money, so FIMAX looking at

51
00:02:51,720 --> 00:02:54,880
Speaker 2: funding a whole bunch of new treatments for cancers MS,

52
00:02:55,080 --> 00:02:58,680
Speaker 2: breast and lung cancers, as well as eye conditions. The

53
00:02:58,760 --> 00:03:03,800
Speaker 2: big news are new injection treatment that could replace IVY infusions,

54
00:03:03,840 --> 00:03:07,079
Speaker 2: freeing up more than twelve thousand hospital hours a year

55
00:03:07,080 --> 00:03:11,520
Speaker 2: by twenty thirty. Doctor Kiaren Simon's is Roach New Zealand

56
00:03:11,520 --> 00:03:14,959
Speaker 2: Country Medical Director and joins me this afternoon. Good afternoon,

57
00:03:16,000 --> 00:03:17,800
Speaker 2: Hi Ryan, thanks for having me. Good to have you.

58
00:03:17,840 --> 00:03:20,840
Speaker 2: Can you tell us about this injection treatment how it works?

59
00:03:22,360 --> 00:03:26,120
Speaker 4: Yes, So this is FISCO that you're referring to. So

60
00:03:26,160 --> 00:03:32,240
Speaker 4: it combines two active ingredients patuzamb and trastuzamab, which are

61
00:03:32,280 --> 00:03:37,480
Speaker 4: currently given and funded by FARMAC as intravenous infusions, So

62
00:03:37,520 --> 00:03:40,360
Speaker 4: that means that patients need to go into the hospital,

63
00:03:40,760 --> 00:03:43,880
Speaker 4: sit in a chair and have a slow drip into

64
00:03:43,920 --> 00:03:49,280
Speaker 4: their veins, usually over several hours. So this new medicine

65
00:03:49,560 --> 00:03:53,760
Speaker 4: which FARMAC is consulting on, it's given as an injection

66
00:03:53,920 --> 00:03:58,400
Speaker 4: under the skin and it's given just in a few minutes.

67
00:03:59,240 --> 00:04:03,040
Speaker 4: So the trials showed that eighty five percent of people

68
00:04:03,320 --> 00:04:08,320
Speaker 4: prefer fesgo over the IAV versions. It's a reduction in

69
00:04:08,480 --> 00:04:11,600
Speaker 4: eighty three percent in the amount of time that each

70
00:04:11,640 --> 00:04:16,680
Speaker 4: individual patient needs to sit in the infusion chair. And

71
00:04:16,839 --> 00:04:21,080
Speaker 4: our calculations show that over a period of five years

72
00:04:21,560 --> 00:04:25,120
Speaker 4: that the number of hours released in the effusion clinics

73
00:04:25,240 --> 00:04:29,400
Speaker 4: is about forty five thousand, and that's about nine two

74
00:04:29,560 --> 00:04:33,960
Speaker 4: hundred hours of nurse time and about sixty thousand hours

75
00:04:34,000 --> 00:04:38,440
Speaker 4: of pharmacist time. So we think that this, if this

76
00:04:38,560 --> 00:04:41,600
Speaker 4: is approved by the FARMAC board, that it would not

77
00:04:41,760 --> 00:04:47,320
Speaker 4: only offer great health outcomes for women with breast cancer,

78
00:04:47,480 --> 00:04:52,000
Speaker 4: but also releasing capacity in a very overstretched system.

79
00:04:52,040 --> 00:04:56,719
Speaker 2: At the moment, how much extra does it cost?

80
00:04:58,240 --> 00:05:01,599
Speaker 4: There is no extra cost to the healthcare system with

81
00:05:01,680 --> 00:05:03,160
Speaker 4: the introduction of this medicine.

82
00:05:04,040 --> 00:05:07,760
Speaker 2: No, well, because farmac's funding it, you mean, presumably it

83
00:05:07,800 --> 00:05:10,000
Speaker 2: is going to be a more expensive option or is

84
00:05:10,000 --> 00:05:15,280
Speaker 2: it exactly the same as the current intravenous Yeah.

85
00:05:15,040 --> 00:05:18,120
Speaker 4: That's right. So if you add up the cost of

86
00:05:18,160 --> 00:05:22,160
Speaker 4: the two IV medicines and also the cost of the

87
00:05:22,640 --> 00:05:26,560
Speaker 4: sort of societal burden of those IV medicines, then the

88
00:05:26,960 --> 00:05:31,760
Speaker 4: proposed funding does not cost FARMAK or the healthcare system

89
00:05:32,160 --> 00:05:35,320
Speaker 4: more than the current options.

90
00:05:35,839 --> 00:05:38,440
Speaker 2: Right, And that's what David Seymour has been pushing for

91
00:05:38,520 --> 00:05:41,800
Speaker 2: that FARMAC will look more holistically at the benefits to

92
00:05:41,880 --> 00:05:46,800
Speaker 2: the community overall, not just the upfront cost and how

93
00:05:46,839 --> 00:05:50,000
Speaker 2: many lives might be saved. It's the freeing up of

94
00:05:50,120 --> 00:05:51,839
Speaker 2: resources around the hospitals too.

95
00:05:52,920 --> 00:05:55,520
Speaker 4: Yes, that's right, that's right, And I mean this is

96
00:05:55,560 --> 00:05:59,720
Speaker 4: exciting because if this is approved, it would be the

97
00:05:59,760 --> 00:06:04,239
Speaker 4: first first time that an intravenous cancer treatment has been

98
00:06:04,600 --> 00:06:09,120
Speaker 4: made available as a subcutaneous version. This is not new

99
00:06:09,360 --> 00:06:14,680
Speaker 4: technology or new science, but in the past we've not

100
00:06:14,760 --> 00:06:18,880
Speaker 4: been able to achieve funding of subcutaneous medicines for cancer.

101
00:06:20,120 --> 00:06:23,800
Speaker 4: So if this is approved, it would be a big

102
00:06:24,120 --> 00:06:28,120
Speaker 4: shift in treating cancer patients in New Zealand's all right?

103
00:06:28,120 --> 00:06:31,680
Speaker 2: Interesting stuff. Appreciate your time, Doctor Karen Simon's Roche Country

104
00:06:31,680 --> 00:06:34,160
Speaker 2: Medical Director. Time is thirteen minutes.

105
00:06:33,920 --> 00:06:35,840
Speaker 3: After four Brian Bridge.

106
00:06:36,320 --> 00:06:38,280
Speaker 2: Good to have your company, as someone's already made a

107
00:06:38,360 --> 00:06:41,960
Speaker 2: joke about Swedish rounding. Yes, I did think that, and

108
00:06:42,160 --> 00:06:44,479
Speaker 2: actually Laura had the best joke of the afternoon, which

109
00:06:44,600 --> 00:06:47,200
Speaker 2: was about Ikea coming here and now we've got a Swede.

110
00:06:47,279 --> 00:06:50,479
Speaker 2: It's an invasion, right. Nine two ninety two is the

111
00:06:50,520 --> 00:06:52,520
Speaker 2: number to text lots to come on the program today.

112
00:06:52,520 --> 00:06:54,560
Speaker 2: We're going to get to the US with our US correspondent.

113
00:06:54,600 --> 00:06:57,840
Speaker 2: After US at four thirty, Darcy is next with sport.

114
00:06:58,640 --> 00:07:01,880
Speaker 1: It's the Heather du Bussy on Drive Full Show podcast

115
00:07:02,000 --> 00:07:04,760
Speaker 1: on iHeartRadio powered by News TALKSB.

116
00:07:05,960 --> 00:07:08,719
Speaker 2: News TALKSB. It is sixteen minutes after for Jimmy Kimmel.

117
00:07:08,760 --> 00:07:11,960
Speaker 2: You know he got canceled, got fired apparently, and then

118
00:07:12,000 --> 00:07:15,080
Speaker 2: he's been unfired and uncanceled where he's done his first

119
00:07:15,120 --> 00:07:19,200
Speaker 2: show since being uncanceled, which lasted about a week. The

120
00:07:19,280 --> 00:07:23,520
Speaker 2: show an hour, his monologue twenty eight minutes. I won't

121
00:07:23,560 --> 00:07:24,280
Speaker 2: play the whole thing.

122
00:07:24,960 --> 00:07:28,600
Speaker 5: Ask me if there are conditions for my return to

123
00:07:28,640 --> 00:07:31,200
Speaker 5: the air, and there is one. Disney has asked me

124
00:07:31,240 --> 00:07:36,160
Speaker 5: to read the following statement and I agreed to do it.

125
00:07:36,560 --> 00:07:37,160
Speaker 2: Here we go.

126
00:07:39,520 --> 00:07:41,880
Speaker 5: To reactivate your Disney Plus on who you are.

127
00:07:44,160 --> 00:07:47,280
Speaker 2: Honestly the funniest late night host on television America at

128
00:07:47,280 --> 00:07:49,800
Speaker 2: the moment is actually Donald Trump at the un more

129
00:07:49,840 --> 00:07:52,640
Speaker 2: on that for you shortly now it's seventeen after four.

130
00:07:53,160 --> 00:07:57,600
Speaker 1: Sport with tab power plays better unlocked, bigger odds eighteen

131
00:07:57,680 --> 00:07:59,200
Speaker 1: bet responsibly.

132
00:07:58,680 --> 00:08:03,600
Speaker 2: Darcy said, this new technology for concussions, Darcy, I find fascinating.

133
00:08:04,040 --> 00:08:05,720
Speaker 2: Very quick, Yeah, very very quick.

134
00:08:05,720 --> 00:08:08,800
Speaker 6: Old do you Steve Vine who's had many many hypnock

135
00:08:08,880 --> 00:08:12,120
Speaker 6: fact that ended his rugby career. He's fronting this organization

136
00:08:12,680 --> 00:08:14,600
Speaker 6: that have released this new device that's going to run

137
00:08:14,600 --> 00:08:18,160
Speaker 6: at about three thousand dollars. There's been tens of millions,

138
00:08:18,200 --> 00:08:21,080
Speaker 6: I believe on. This has been given the okay by

139
00:08:21,200 --> 00:08:23,400
Speaker 6: FDA in the States, which is a big thing. And

140
00:08:23,480 --> 00:08:25,200
Speaker 6: basically whatever it is, you put it on your head.

141
00:08:25,240 --> 00:08:27,000
Speaker 6: It's got a wee device at the back, it's got

142
00:08:27,000 --> 00:08:29,760
Speaker 6: eye guards at the front. After two minutes they can go, yes,

143
00:08:29,800 --> 00:08:31,840
Speaker 6: you've been concussed. You better go and sort yourself.

144
00:08:31,920 --> 00:08:34,240
Speaker 2: And there's no baseline or anything required, right.

145
00:08:34,200 --> 00:08:36,960
Speaker 6: No, No, baseline. It's just right there and there's saving

146
00:08:37,000 --> 00:08:39,640
Speaker 6: all that time and money. The only thing is is

147
00:08:39,640 --> 00:08:42,800
Speaker 6: that you need someone who can actually operate it. They've

148
00:08:42,800 --> 00:08:45,640
Speaker 6: got to be a medi pro at this stage. So

149
00:08:46,160 --> 00:08:48,920
Speaker 6: it's going to go to it's going to go out

150
00:08:48,920 --> 00:08:50,240
Speaker 6: to the medics. It's going to go out to the

151
00:08:50,320 --> 00:08:52,840
Speaker 6: likes of Stephen Cutter, who is involved in doing this.

152
00:08:52,920 --> 00:08:54,520
Speaker 6: So all the physios out there are going to get

153
00:08:54,559 --> 00:08:57,160
Speaker 6: these things if they can afford them. Are they going

154
00:08:57,200 --> 00:08:58,960
Speaker 6: to try and work out a way to release them

155
00:08:59,120 --> 00:09:00,560
Speaker 6: on mass because.

156
00:09:00,320 --> 00:09:02,600
Speaker 2: It's the idea you'll get to schoolboy rugby and school

157
00:09:02,600 --> 00:09:04,200
Speaker 2: girl rugby and stuff and they'll be.

158
00:09:04,559 --> 00:09:06,560
Speaker 6: There are limitations around at the moment though, it's only

159
00:09:06,600 --> 00:09:10,640
Speaker 6: cleared for twelve years old to forty four years old,

160
00:09:10,640 --> 00:09:14,040
Speaker 6: but they leave the exposure at that lesser rage is

161
00:09:14,080 --> 00:09:16,440
Speaker 6: not as much. But they're working through that now.

162
00:09:16,520 --> 00:09:19,560
Speaker 2: So there are parameters you normally wrap at rugby before that,

163
00:09:19,559 --> 00:09:20,360
Speaker 2: An't you why?

164
00:09:20,559 --> 00:09:21,160
Speaker 3: I think so?

165
00:09:21,600 --> 00:09:24,640
Speaker 6: Yeah, I don't know, But the thing is it's instant.

166
00:09:24,679 --> 00:09:26,400
Speaker 6: They're going to do it now. Maybe they have a

167
00:09:26,559 --> 00:09:28,560
Speaker 6: tent at a big field. The whole of the games

168
00:09:28,600 --> 00:09:32,680
Speaker 6: on anyone that gets ahead, not straight off their yeah,

169
00:09:32,720 --> 00:09:35,200
Speaker 6: and they go yeah, year to go straight news.

170
00:09:35,320 --> 00:09:38,040
Speaker 2: Dame Nolen, how much she be feeling watching this We've

171
00:09:38,040 --> 00:09:40,840
Speaker 2: got another game tonight's silver fan South Africa seven forty.

172
00:09:41,559 --> 00:09:43,600
Speaker 6: How would she be feeling. She'd be very happy for

173
00:09:43,640 --> 00:09:48,360
Speaker 6: it players, but personally well, from what I know of

174
00:09:48,679 --> 00:09:51,480
Speaker 6: Dame Nolen, if she has got some personal anks, she

175
00:09:51,559 --> 00:09:54,640
Speaker 6: won't let it out, She'll just let it stay that.

176
00:09:54,679 --> 00:09:57,679
Speaker 6: She'd be very happy for a Vet Macaus and Jerry's

177
00:09:57,720 --> 00:10:00,199
Speaker 6: come in and did a very good job.

178
00:10:00,760 --> 00:10:03,240
Speaker 3: She won't be aggrieved.

179
00:10:02,679 --> 00:10:04,440
Speaker 2: At the team's success, absolutely not.

180
00:10:04,520 --> 00:10:09,160
Speaker 6: She'll be pussy at Neckborn New Zealand program. This has

181
00:10:09,200 --> 00:10:11,440
Speaker 6: been the big thing. Look Needbor New Zeland have got

182
00:10:11,480 --> 00:10:14,599
Speaker 6: a reprieve because the silver Ferns with the reintroduction of

183
00:10:14,640 --> 00:10:17,040
Speaker 6: Chrace Wikieve come out and they've looked very very good.

184
00:10:17,080 --> 00:10:19,880
Speaker 6: Patatoya Ava backing in after a couple of years feeding

185
00:10:20,360 --> 00:10:23,320
Speaker 6: from the mid court, which is fantastic. Heaven Unfortunately, as

186
00:10:23,400 --> 00:10:26,000
Speaker 6: else he won't be there. But this has been a

187
00:10:26,040 --> 00:10:30,840
Speaker 6: shining light and it's taken away distracted from the chaos

188
00:10:30,840 --> 00:10:34,000
Speaker 6: that they've been wrapped in over the last couple of weeks,

189
00:10:34,200 --> 00:10:37,120
Speaker 6: and that won't go away. That came that will come back.

190
00:10:37,160 --> 00:10:39,960
Speaker 2: Good luck to them. Good luck to them tonight, Thanks Darsie.

191
00:10:39,640 --> 00:10:42,440
Speaker 6: And Andrew Slatt joins us to night the Format. Wallaby Skipper.

192
00:10:42,480 --> 00:10:45,760
Speaker 6: He was the captain. He played last time the Wallabyes

193
00:10:45,800 --> 00:10:47,680
Speaker 6: won that EDNA ninety eighty six.

194
00:10:47,840 --> 00:10:50,480
Speaker 2: Brilliant. We'll see tonight at seven o'clock News Talks there'd

195
00:10:50,480 --> 00:10:53,120
Speaker 2: be that's Darcy Waldergrave has just gone twenty after four.

196
00:10:53,200 --> 00:10:55,080
Speaker 2: Kim Hal also had something to say about Trump, by

197
00:10:55,120 --> 00:10:56,679
Speaker 2: the way, and the whole cancelation.

198
00:10:56,320 --> 00:10:58,800
Speaker 5: Of thingsident of the United States made it very clear

199
00:10:58,880 --> 00:11:01,400
Speaker 5: he wants to see me and the hundreds of people.

200
00:11:01,240 --> 00:11:03,440
Speaker 3: Who work here fired from our jobs.

201
00:11:03,720 --> 00:11:08,920
Speaker 5: Our leader celebrates Americans losing their livelihoods because he can't

202
00:11:08,920 --> 00:11:09,640
Speaker 5: take a joke.

203
00:11:10,080 --> 00:11:12,320
Speaker 2: All right, You meant to be funny, you know when

204
00:11:12,360 --> 00:11:12,959
Speaker 2: they get all set.

205
00:11:13,000 --> 00:11:13,560
Speaker 3: I mean, yeah, I.

206
00:11:13,760 --> 00:11:15,280
Speaker 2: Suppose you've got to do a bit of both, don't you.

207
00:11:15,280 --> 00:11:16,640
Speaker 2: You've got to do a bit of light and shade,

208
00:11:16,679 --> 00:11:18,320
Speaker 2: and we'll do a bit of that next News Talks.

209
00:11:18,440 --> 00:11:21,559
Speaker 1: MB For the name you trusted to get the answers

210
00:11:21,760 --> 00:11:25,360
Speaker 1: you need, it's Ryan Bridge on Hither Duplicy Ellen Drive

211
00:11:25,600 --> 00:11:28,560
Speaker 1: with One New Zealand coverage like no one else.

212
00:11:28,920 --> 00:11:32,480
Speaker 2: News TALKSBO twenty three The Wes Pat McDermott Miller Employment

213
00:11:32,559 --> 00:11:35,239
Speaker 2: Confidence surveyed. This is where you go and ask households,

214
00:11:35,320 --> 00:11:38,480
Speaker 2: ask people how do you feel about the job market?

215
00:11:38,679 --> 00:11:41,560
Speaker 2: And for the September quarter, confidence in the market has

216
00:11:41,600 --> 00:11:44,280
Speaker 2: actually risen, but only slightly by a fraction, up one

217
00:11:44,360 --> 00:11:48,000
Speaker 2: point one points to nine point nine. Anything below one

218
00:11:48,080 --> 00:11:50,880
Speaker 2: hundred means that you have more people with a negative

219
00:11:50,960 --> 00:11:53,720
Speaker 2: view than you do people with a positive view. Job

220
00:11:53,760 --> 00:11:57,240
Speaker 2: security is a problem and near COVID lockdown levels in

221
00:11:57,320 --> 00:11:59,760
Speaker 2: terms of pessimism, which is not great. Nearly a quarter

222
00:11:59,840 --> 00:12:02,360
Speaker 2: of those asks think that their job will be less

223
00:12:02,400 --> 00:12:05,880
Speaker 2: secure over the year ahead. A quarter. Most of those

224
00:12:06,080 --> 00:12:09,240
Speaker 2: are people under the age of thirty, unsurprisingly and those

225
00:12:09,360 --> 00:12:12,440
Speaker 2: over the age of fifty. This is not good because

226
00:12:12,640 --> 00:12:16,680
Speaker 2: people worrying about jobs don't spend money, and spending is

227
00:12:16,720 --> 00:12:20,000
Speaker 2: what we need to get this economy moving. Jimmy Kimmel

228
00:12:20,320 --> 00:12:24,560
Speaker 2: over in America, I'm told is apparently just cried on. Yeah,

229
00:12:24,679 --> 00:12:26,559
Speaker 2: he's just given his twenty eight minute monologue.

230
00:12:26,640 --> 00:12:28,360
Speaker 5: But I do want to make something clear because it's

231
00:12:28,360 --> 00:12:31,520
Speaker 5: important to me as a human and that is you

232
00:12:31,600 --> 00:12:34,520
Speaker 5: understand that it was never my intention to make light

233
00:12:34,559 --> 00:12:36,680
Speaker 5: of the murder of a young man.

234
00:12:38,720 --> 00:12:41,880
Speaker 2: Now, depending on which side of politics you'll say crocodile tears.

235
00:12:41,880 --> 00:12:44,280
Speaker 2: Probably the moment's got to him a bit. You know,

236
00:12:44,720 --> 00:12:48,560
Speaker 2: there'll be everybody watching. He's just been through the head

237
00:12:49,200 --> 00:12:54,680
Speaker 2: top of the headlines, lead story on every site across America, canceled, uncanceled,

238
00:12:54,720 --> 00:12:56,680
Speaker 2: all in the space of a week. He's probably just

239
00:12:56,679 --> 00:12:59,320
Speaker 2: feeling a bit tired and emotional, I would imagine, not

240
00:12:59,360 --> 00:13:02,000
Speaker 2: that I'm making excuses for him. Twenty four minutes after

241
00:13:02,040 --> 00:13:08,400
Speaker 2: four now, and a big ups today for TSB. Congratulations

242
00:13:08,440 --> 00:13:11,600
Speaker 2: TSB kicking butt in the mortgage wars. So they have

243
00:13:11,679 --> 00:13:14,439
Speaker 2: come out with a number four point four nine percent

244
00:13:14,520 --> 00:13:18,640
Speaker 2: two year fixed. That's twenty six basis points lower than

245
00:13:18,720 --> 00:13:22,400
Speaker 2: their previous offer. It's ten lower than the next best,

246
00:13:23,120 --> 00:13:25,280
Speaker 2: so they are the best in the business today. The

247
00:13:25,360 --> 00:13:27,280
Speaker 2: spring listings are coming on. I had a look on

248
00:13:27,280 --> 00:13:31,200
Speaker 2: one roof yesterday's very well presented three betties that I

249
00:13:31,280 --> 00:13:34,559
Speaker 2: was checking out. Think very much. People have obviously been

250
00:13:34,559 --> 00:13:37,240
Speaker 2: taking the time to get the painting right outside. They've

251
00:13:37,280 --> 00:13:39,160
Speaker 2: got the pop plants there. It's all very nice to

252
00:13:39,200 --> 00:13:41,559
Speaker 2: see and very nice to see a four point four

253
00:13:41,640 --> 00:13:45,880
Speaker 2: nine percent two year fixed rate. By the way, almost

254
00:13:46,480 --> 00:13:49,840
Speaker 2: according to interestock co dot MZ four years since you

255
00:13:49,960 --> 00:13:54,160
Speaker 2: had a two year rate that low, not incredible four

256
00:13:54,200 --> 00:13:58,640
Speaker 2: point four nine percent TSB. You are winning the mortgage

257
00:13:58,640 --> 00:14:03,120
Speaker 2: wars today. Twenty five minutes after four cry and bridge.

258
00:14:03,200 --> 00:14:06,200
Speaker 2: Now this business at Auckland Council with the housing, I'm

259
00:14:06,240 --> 00:14:09,319
Speaker 2: just like I tried to watch the live stream earlier

260
00:14:09,920 --> 00:14:13,400
Speaker 2: and they are a bunch of clowns and I and

261
00:14:13,600 --> 00:14:16,400
Speaker 2: you just think what the headline, by the way, for

262
00:14:16,480 --> 00:14:18,840
Speaker 2: the story on the heral, which was a good headline,

263
00:14:18,880 --> 00:14:23,160
Speaker 2: but it was firing squad or lethal injection. This is

264
00:14:23,160 --> 00:14:27,480
Speaker 2: how Aakland councilors are describing their options. One is do

265
00:14:27,560 --> 00:14:32,840
Speaker 2: you go skyscraper, well, skyscraper fifteen stories which two in

266
00:14:32,880 --> 00:14:35,720
Speaker 2: Auckland there is a skyscraper. Or do you go which

267
00:14:35,760 --> 00:14:37,800
Speaker 2: you know around the train stations, or do you go

268
00:14:38,240 --> 00:14:41,000
Speaker 2: three stories high across the board? Those are the options.

269
00:14:41,120 --> 00:14:43,920
Speaker 2: And someone described it as the choice between a firing

270
00:14:43,920 --> 00:14:48,600
Speaker 2: squad or a lethal injection. How mellow dramatic? So I

271
00:14:48,920 --> 00:14:52,520
Speaker 2: just calm down, will you? You've got Wayne Brown there,

272
00:14:52,520 --> 00:14:54,320
Speaker 2: I mean he's good, but he was a bit Ditherery

273
00:14:54,800 --> 00:14:57,280
Speaker 2: You've got Christine Fletcher, whatever her name is, you know

274
00:14:57,400 --> 00:15:01,840
Speaker 2: she's they're arguing over who phoned the minister. You've got

275
00:15:01,920 --> 00:15:04,520
Speaker 2: Daisley Simpson there with the Gucci sunglasses on her head,

276
00:15:05,080 --> 00:15:07,720
Speaker 2: and nobody can decide anything. And you just look at

277
00:15:07,760 --> 00:15:12,440
Speaker 2: that and you think it's no wonder we're all screwed,

278
00:15:13,120 --> 00:15:16,040
Speaker 2: especially in Auckland. But I just think, why do we

279
00:15:16,160 --> 00:15:19,080
Speaker 2: need a council Can we not just have a mayor

280
00:15:19,480 --> 00:15:22,240
Speaker 2: for each region? Why do we need ten councilors? That

281
00:15:22,280 --> 00:15:24,320
Speaker 2: would be my question after watching all of that. Anyway,

282
00:15:24,680 --> 00:15:26,760
Speaker 2: we'll speak to one of the ten, or however many

283
00:15:26,800 --> 00:15:30,160
Speaker 2: there are. After five o'clock twenty seven. After four we're

284
00:15:30,160 --> 00:15:33,240
Speaker 2: in the US after News NEWSTALKSZB.

285
00:15:36,680 --> 00:15:39,200
Speaker 1: On your smart speaker, on the iHeart app and in

286
00:15:39,240 --> 00:15:42,000
Speaker 1: your car on your drive home, it's Ryan Bridge on

287
00:15:42,160 --> 00:15:45,280
Speaker 1: either duplicy Ellen Drive with one New Zealand tenth of

288
00:15:45,320 --> 00:15:48,320
Speaker 1: power of satellite Mobile News TALKSBB.

289
00:15:53,520 --> 00:15:56,080
Speaker 2: Twenty five a way from five News TALKSZB. Nicola Willis

290
00:15:56,120 --> 00:15:59,400
Speaker 2: on the show after five some described what she did today.

291
00:15:59,480 --> 00:16:01,280
Speaker 2: The mood of the broom is like giving the middle

292
00:16:01,320 --> 00:16:04,080
Speaker 2: finger to business leaders. Went down like a cup of

293
00:16:04,080 --> 00:16:06,280
Speaker 2: cold sick. This is a comment she made about the

294
00:16:06,320 --> 00:16:09,280
Speaker 2: fact that they don't represent the five million people that

295
00:16:09,360 --> 00:16:12,520
Speaker 2: she represents. She got a bad report card, got a

296
00:16:12,560 --> 00:16:16,640
Speaker 2: bad score from the mood of the boardroom and some

297
00:16:16,760 --> 00:16:18,520
Speaker 2: in the room. In fact, many in the room and

298
00:16:18,880 --> 00:16:21,240
Speaker 2: a couple of contact with me today have said it

299
00:16:21,360 --> 00:16:23,000
Speaker 2: just went down like a cup of cold sick the

300
00:16:23,000 --> 00:16:24,680
Speaker 2: way that she handled that. We'll ask her about it

301
00:16:24,720 --> 00:16:28,400
Speaker 2: after five along with the new RBNZ governor appointment today

302
00:16:28,440 --> 00:16:29,400
Speaker 2: twenty five to five.

303
00:16:30,240 --> 00:16:33,840
Speaker 3: It's the world wires on news talks. They'd be drive well.

304
00:16:33,960 --> 00:16:36,520
Speaker 2: Trump certainly unleashed at the UN this morning, didn't he.

305
00:16:36,640 --> 00:16:39,360
Speaker 7: It's time to end the failed experiment of open borders.

306
00:16:39,440 --> 00:16:41,640
Speaker 7: You have to end it now, said I can tell

307
00:16:41,680 --> 00:16:44,880
Speaker 7: you I'm really good at this stuff. Your countries are

308
00:16:44,880 --> 00:16:45,520
Speaker 7: going to hell.

309
00:16:46,360 --> 00:16:49,400
Speaker 2: More on that with Jonathan Kurzy, a US correspondent. Shortly

310
00:16:49,440 --> 00:16:52,480
Speaker 2: super Typhoon Ragassa. This is hit Taiwan now. At least

311
00:16:52,520 --> 00:16:56,080
Speaker 2: fourteen people there have died strong wins, stronger, much stronger

312
00:16:56,120 --> 00:16:56,760
Speaker 2: than expected.

313
00:16:57,000 --> 00:16:58,360
Speaker 8: I hope you can still hear me.

314
00:16:58,720 --> 00:17:02,240
Speaker 3: It is bringing when up to one hundred.

315
00:17:02,040 --> 00:17:06,280
Speaker 8: And twenty miles an hour, and we're getting these huge.

316
00:17:06,040 --> 00:17:16,080
Speaker 2: Gossips finally this afternoon three what it's been fifty years

317
00:17:16,080 --> 00:17:18,399
Speaker 2: since anyone flew to the moon. NASA. We'll see the

318
00:17:18,480 --> 00:17:21,560
Speaker 2: four people on a ten day trip next February. Apparently

319
00:17:21,600 --> 00:17:24,680
Speaker 2: everything is ready to go. They're not landing on the moon,

320
00:17:24,720 --> 00:17:27,080
Speaker 2: they're just flying around the moon. Everything ready to go

321
00:17:27,160 --> 00:17:29,720
Speaker 2: at this point except the capsule that the crew will

322
00:17:29,720 --> 00:17:30,320
Speaker 2: actually fly.

323
00:17:30,440 --> 00:17:34,919
Speaker 1: In International Correspondence with Ends and Eye Insurance Peace of

324
00:17:34,960 --> 00:17:36,680
Speaker 1: Mind for New Zealand Business.

325
00:17:37,760 --> 00:17:40,600
Speaker 2: Twenty four to five, Jonathan Curse, our US correspondent, Jonathan,

326
00:17:40,760 --> 00:17:43,160
Speaker 2: What was that from Trump at the U WIN or

327
00:17:43,200 --> 00:17:45,359
Speaker 2: was everyone kind of expecting something like that?

328
00:17:46,080 --> 00:17:48,040
Speaker 9: Well, boy, oh boy, woit wait? I mean, the US

329
00:17:48,119 --> 00:17:50,400
Speaker 9: President likes to make a headline for himself. He's also

330
00:17:50,440 --> 00:17:53,280
Speaker 9: declared himself a peacemaker. But essentially what you saw today

331
00:17:53,400 --> 00:17:56,080
Speaker 9: this was not a diplomatic speech. It was almost a

332
00:17:56,119 --> 00:17:58,960
Speaker 9: political rally style speech from the commander in chief. And

333
00:17:59,480 --> 00:18:01,400
Speaker 9: I suppose many in the room would have been expecting

334
00:18:01,400 --> 00:18:04,359
Speaker 9: to hear something similar, but this was extraordinary. He launched

335
00:18:04,400 --> 00:18:07,800
Speaker 9: into the United Nations, he launched into allies, He launched

336
00:18:07,800 --> 00:18:11,680
Speaker 9: into nations he said were effectively pushing climate change agenda

337
00:18:11,760 --> 00:18:13,960
Speaker 9: that he said was a hoax called at the Great

338
00:18:13,960 --> 00:18:17,560
Speaker 9: Big Green con has said that countries that are not

339
00:18:17,640 --> 00:18:20,920
Speaker 9: dealing with immigration are going to hell. It was an

340
00:18:20,920 --> 00:18:25,240
Speaker 9: extraordinary offside, if you like. At the United Nations too,

341
00:18:25,359 --> 00:18:28,440
Speaker 9: he raised a personal gripe he had over not being

342
00:18:28,440 --> 00:18:30,800
Speaker 9: able to carry out a half a billion dollar redevelopment

343
00:18:30,840 --> 00:18:32,960
Speaker 9: of the United Nations, saying he would fill the building

344
00:18:33,040 --> 00:18:36,160
Speaker 9: with mahogany, but they went a different way. The day

345
00:18:36,160 --> 00:18:38,479
Speaker 9: for him started not great. He got stuck on an

346
00:18:38,600 --> 00:18:41,679
Speaker 9: escalator on the ride up there with Milania. Some reports

347
00:18:41,720 --> 00:18:44,040
Speaker 9: out of that now seemed to suggest, well, his videographer

348
00:18:44,080 --> 00:18:46,399
Speaker 9: might have set off some sort of trigger system in it.

349
00:18:46,440 --> 00:18:48,600
Speaker 10: But then he got inside and the telly prompted didn't work.

350
00:18:49,040 --> 00:18:51,760
Speaker 9: So if he woke up grumpy while he certainly didn't

351
00:18:51,800 --> 00:18:54,440
Speaker 9: get any better. But then after that we heard extraordinary

352
00:18:54,760 --> 00:18:59,000
Speaker 9: conversations with Vladimir Lensky, Ukrainian leader, where he basically said

353
00:18:59,520 --> 00:19:02,399
Speaker 9: that nations should start shooting Russian planes out of the

354
00:19:02,440 --> 00:19:04,919
Speaker 9: sky if they're encroaching their airspace. He really seems to

355
00:19:04,920 --> 00:19:08,560
Speaker 9: be politically shifting his position on that. Frustrated with Ladimi

356
00:19:08,600 --> 00:19:11,240
Speaker 9: putin that conflict can't come to an end and citing

357
00:19:11,280 --> 00:19:13,680
Speaker 9: now far more closely with the Ukrainian side of things.

358
00:19:13,920 --> 00:19:16,360
Speaker 2: That's more positive news at least for Elbow. Finally got

359
00:19:16,359 --> 00:19:18,160
Speaker 2: his meeting. What did that meeting actually look?

360
00:19:19,280 --> 00:19:22,639
Speaker 9: Yes, well, he finally got a maybe we can call

361
00:19:22,680 --> 00:19:25,240
Speaker 9: it an interaction rather than a meeting, but certainly he

362
00:19:25,280 --> 00:19:27,920
Speaker 9: went off to the Lot Palace Hotel in New York,

363
00:19:27,920 --> 00:19:31,159
Speaker 9: a five star establishment in Manhattan, where Donald Trump was

364
00:19:31,200 --> 00:19:33,680
Speaker 9: hosting rand about one hundred and forty five world leaders

365
00:19:33,680 --> 00:19:36,000
Speaker 9: and their partners. And yes, we are told that there

366
00:19:36,119 --> 00:19:40,679
Speaker 9: was a conversation described as a good conversation those leaders

367
00:19:40,720 --> 00:19:43,960
Speaker 9: and their spouses. The Prime Minister took alongside his fiance

368
00:19:44,160 --> 00:19:47,240
Speaker 9: Jody Hayden. They post for a photograph with the American

369
00:19:47,280 --> 00:19:49,840
Speaker 9: President the First Lady, as all of the other leaders

370
00:19:49,840 --> 00:19:52,840
Speaker 9: and their spouses did, and then essentially they largely all

371
00:19:52,880 --> 00:19:53,960
Speaker 9: made their way out of there. I was at the

372
00:19:53,960 --> 00:19:56,200
Speaker 9: front of the hotel as we watched these world leaders

373
00:19:56,200 --> 00:19:58,800
Speaker 9: come in and go. One year from China, we saw

374
00:19:58,880 --> 00:20:02,840
Speaker 9: Markaranne from Canada walking by on foot, having had this

375
00:20:02,880 --> 00:20:05,440
Speaker 9: sort of brief interaction if you like, with the American President.

376
00:20:05,480 --> 00:20:07,720
Speaker 9: But as through this point Minister has been able to

377
00:20:07,800 --> 00:20:11,360
Speaker 9: lock in finally at last a formal.

378
00:20:11,119 --> 00:20:13,480
Speaker 10: Meeting at the White House October twenty. The date's been said.

379
00:20:13,520 --> 00:20:16,760
Speaker 9: Anthony Albanezi will make his third trip to the United

380
00:20:16,800 --> 00:20:18,320
Speaker 9: States and it will be a trip that will be

381
00:20:18,400 --> 00:20:21,119
Speaker 9: largely focused on You would imagine the orchest alliance. That

382
00:20:21,240 --> 00:20:25,080
Speaker 9: submarine major deal has been under review by the Pentagon,

383
00:20:25,160 --> 00:20:26,960
Speaker 9: and it is due to come back, and it may

384
00:20:27,000 --> 00:20:28,720
Speaker 9: well be that that is the time it comes back,

385
00:20:28,800 --> 00:20:31,440
Speaker 9: comes back, and maybe Donald Trump might put his own

386
00:20:31,480 --> 00:20:35,000
Speaker 9: personal spin on the three hundred and sixty billion dollar arrangement.

387
00:20:35,720 --> 00:20:39,280
Speaker 2: Goodness made their twenty eight minute monologue from Jimmy Kimmel

388
00:20:39,359 --> 00:20:42,119
Speaker 2: to open the show probably go down in history is

389
00:20:42,119 --> 00:20:44,560
Speaker 2: one of the longest. But how's it been received?

390
00:20:45,720 --> 00:20:49,280
Speaker 10: Yeah, I think by his supporters. Unsurprisingly, it's been widely

391
00:20:49,400 --> 00:20:50,080
Speaker 10: well received.

392
00:20:50,119 --> 00:20:52,240
Speaker 9: I mean the late night hosts who he is of course,

393
00:20:52,280 --> 00:20:55,360
Speaker 9: colleagues off the likes of Jimmy Fallon and Stephen Colbert.

394
00:20:54,960 --> 00:20:58,520
Speaker 10: Certainly rallied in behind him. It was an extraordinary monologue.

395
00:20:58,520 --> 00:21:01,320
Speaker 9: He sent a message to the American President, essentially saying

396
00:21:01,600 --> 00:21:03,639
Speaker 9: that he had tried to get him off air and

397
00:21:03,680 --> 00:21:07,000
Speaker 9: force his staff out of jobs. He wanted to silence people. Ever,

398
00:21:07,119 --> 00:21:09,680
Speaker 9: what he said was a joke. Now wind the clock back. Yes,

399
00:21:09,760 --> 00:21:13,280
Speaker 9: Jimmy Kimmel made a comment about the suspect charged over

400
00:21:13,920 --> 00:21:17,679
Speaker 9: the assassination of Charlie Kirky was then sidelines and it

401
00:21:17,720 --> 00:21:19,360
Speaker 9: was feared that that would be the end of him.

402
00:21:19,400 --> 00:21:22,200
Speaker 10: But Disney ABC they brought him back, but not.

403
00:21:22,200 --> 00:21:24,439
Speaker 9: Brought him back to everybody, because it seems that a

404
00:21:24,440 --> 00:21:28,560
Speaker 9: whole bunch of ABC affiliates Next Star and another one

405
00:21:28,560 --> 00:21:31,679
Speaker 9: as well that have a whole hostess stations across the

406
00:21:31,760 --> 00:21:35,480
Speaker 9: United States of America decided not to bring Jimmy Kimmel back.

407
00:21:35,560 --> 00:21:39,200
Speaker 9: But needless to say, the late night TV host did

408
00:21:39,200 --> 00:21:41,080
Speaker 9: what he does best, and that is get in front

409
00:21:41,080 --> 00:21:44,080
Speaker 9: of a television camera and speak. He pretty much spoke

410
00:21:44,080 --> 00:21:45,760
Speaker 9: for the heart tonight. I think two this was a

411
00:21:45,760 --> 00:21:48,399
Speaker 9: moment that he wanted. It's a moment he's clearly savoring us,

412
00:21:48,680 --> 00:21:51,480
Speaker 9: a victory for free speech. I don't think Donald Trump's

413
00:21:51,680 --> 00:21:55,680
Speaker 9: supporters would have been widely watching it too much because

414
00:21:55,680 --> 00:21:58,879
Speaker 9: the criticism of the American President was essentially he was

415
00:21:58,920 --> 00:22:03,320
Speaker 9: trying to use his media watchdog to silence somebody who

416
00:22:03,400 --> 00:22:05,240
Speaker 9: was a critic of him, and that had been the

417
00:22:05,240 --> 00:22:07,840
Speaker 9: criticism that had been the concern, but it seems at

418
00:22:07,920 --> 00:22:10,360
Speaker 9: least in this instance, Jimmy Kimmel has won for now,

419
00:22:10,359 --> 00:22:14,080
Speaker 9: but the American President of Truth social tonight to say, essentially,

420
00:22:14,240 --> 00:22:15,399
Speaker 9: he's not that happy about it.

421
00:22:15,960 --> 00:22:18,520
Speaker 2: Jonathan Kursley, I used, correspondent, appreciate your time. It is

422
00:22:18,640 --> 00:22:21,359
Speaker 2: nineteen away from five Ryan Bridge. Is a bit of

423
00:22:21,359 --> 00:22:22,840
Speaker 2: what he said to the UN. By the way, this

424
00:22:22,960 --> 00:22:26,040
Speaker 2: is Trump after the technology problems.

425
00:22:25,760 --> 00:22:29,600
Speaker 7: And I don't mind making the speech without a telepraptor

426
00:22:30,320 --> 00:22:33,720
Speaker 7: because the telepraptor is that working. All I got from

427
00:22:33,720 --> 00:22:36,640
Speaker 7: the United Nations was an escalator that on the way

428
00:22:36,720 --> 00:22:39,399
Speaker 7: up stopped right in the middle. If the first lady

429
00:22:39,480 --> 00:22:41,240
Speaker 7: was in great shape, you would have fallen.

430
00:22:42,160 --> 00:22:44,000
Speaker 2: People are texting in the show to say, you know

431
00:22:44,040 --> 00:22:46,520
Speaker 2: you've got trumped arrangement. I'm not when I say I

432
00:22:46,520 --> 00:22:51,040
Speaker 2: think he's funny. I'm genuine. I do nothing but burst

433
00:22:51,080 --> 00:22:53,000
Speaker 2: into laughter when I hear what he has to say,

434
00:22:53,000 --> 00:22:56,680
Speaker 2: because this is so outrageous, especially because he's the president

435
00:22:56,720 --> 00:23:00,760
Speaker 2: of the US United States of America. Tanya, calm down

436
00:23:00,840 --> 00:23:02,920
Speaker 2: on the text. I think it's hilarious.

437
00:23:03,080 --> 00:23:05,760
Speaker 7: Let's put it this way. People don't like taking big

438
00:23:05,800 --> 00:23:09,879
Speaker 7: loads of drugs in boats anymore. Likewise, in a period

439
00:23:09,920 --> 00:23:14,200
Speaker 7: of just seven months, I have ended seven unendable wars.

440
00:23:14,200 --> 00:23:17,440
Speaker 7: They said they were unendable, and sadly, in all cases

441
00:23:17,480 --> 00:23:21,320
Speaker 7: the United Nations did not even try to help in

442
00:23:21,359 --> 00:23:23,200
Speaker 7: any of them.

443
00:23:23,960 --> 00:23:25,760
Speaker 2: One more, this is climate change.

444
00:23:25,840 --> 00:23:30,240
Speaker 7: This climate change. It's the greatest con job ever perpetrated

445
00:23:30,280 --> 00:23:33,480
Speaker 7: on the world in my opinion, climate change, No matter

446
00:23:33,520 --> 00:23:37,240
Speaker 7: what happens, you're involved in that. No more global warming,

447
00:23:37,320 --> 00:23:40,760
Speaker 7: no more global cooling. All of these predictions made by

448
00:23:40,800 --> 00:23:44,800
Speaker 7: the United Nations and many others, often for bad reasons.

449
00:23:45,280 --> 00:23:48,399
Speaker 2: We're raw politics back how nixt news talks in b

450
00:23:48,600 --> 00:23:51,639
Speaker 2: It is seventeen to five politics.

451
00:23:51,119 --> 00:23:54,280
Speaker 1: With centric credit, check your customers and get payment certainty.

452
00:23:54,400 --> 00:23:56,920
Speaker 2: Quarter to five news talks in b. So we've got

453
00:23:56,920 --> 00:23:59,720
Speaker 2: Ikea and now we have a Swede at the top

454
00:23:59,720 --> 00:24:02,560
Speaker 2: of the Reserve Bank at least from December first, which

455
00:24:02,560 --> 00:24:05,520
Speaker 2: is when her term starts. All announced today by Nicola

456
00:24:05,560 --> 00:24:08,320
Speaker 2: What is the Finance Minister? Azaria Hall is our senior

457
00:24:08,359 --> 00:24:10,800
Speaker 2: political reporter. Zaria Good afternoon.

458
00:24:10,840 --> 00:24:13,480
Speaker 11: Good afternoon. Yes, this is a big story.

459
00:24:13,240 --> 00:24:16,280
Speaker 8: Craning a new chapter today, a new chapter in New

460
00:24:16,359 --> 00:24:19,560
Speaker 8: Zealand's history and a new chapter for the Reserve Bank.

461
00:24:19,840 --> 00:24:22,600
Speaker 11: So that's the Minister of Finance, Nikola willis there as

462
00:24:22,640 --> 00:24:26,840
Speaker 11: you say, confirming the new Reserve Bank governor. Goodbye Adrian

463
00:24:26,960 --> 00:24:31,439
Speaker 11: or goodbye interim Governor Christian Hawksby Hello doctor Anna Breman.

464
00:24:31,600 --> 00:24:31,679
Speaker 12: So.

465
00:24:32,119 --> 00:24:34,960
Speaker 11: Doctor Breman has been appointed the next governor of the

466
00:24:35,040 --> 00:24:38,199
Speaker 11: country Central Bank. She has a PhD in economics. She

467
00:24:38,320 --> 00:24:42,120
Speaker 11: was the Deputy governor rather of Sweden Central Bank since

468
00:24:42,160 --> 00:24:46,600
Speaker 11: twenty nineteen, leading that through COVID SO an international search

469
00:24:46,720 --> 00:24:49,760
Speaker 11: was launched to find the right candidate. It initially identified

470
00:24:49,840 --> 00:24:53,240
Speaker 11: three hundred candidates. A long list then was created. Of

471
00:24:53,840 --> 00:24:57,000
Speaker 11: ten people, four were shortlisted. There were interviews with the

472
00:24:57,040 --> 00:25:00,159
Speaker 11: board in July, and she was nominated. Here's the US

473
00:25:00,359 --> 00:25:02,800
Speaker 11: Finance Nikola Willis speaking about her work.

474
00:25:02,960 --> 00:25:06,479
Speaker 8: Doctor Breman brings to the role an impressive blend of

475
00:25:06,560 --> 00:25:12,879
Speaker 8: technical expertise and organizational leadership experience. She holds a PhD

476
00:25:13,119 --> 00:25:16,800
Speaker 8: in economics from the Stockholm School of Economics and has

477
00:25:16,840 --> 00:25:21,520
Speaker 8: previously been group chief Economist at Sweatbank, a leading Swedish

478
00:25:21,600 --> 00:25:25,440
Speaker 8: commercial bank. She has also worked at the Swedish Ministry

479
00:25:25,480 --> 00:25:29,640
Speaker 8: of Finance, the World Bank, and as an academic economist

480
00:25:29,680 --> 00:25:30,840
Speaker 8: in the United States.

481
00:25:31,480 --> 00:25:33,920
Speaker 11: So she appeared in a press conference in the Beehive

482
00:25:34,000 --> 00:25:36,560
Speaker 11: theaterre at this afternoon, speaking to New Zealand for the

483
00:25:36,600 --> 00:25:39,480
Speaker 11: first time with the Minister of Finance and doctor Breman

484
00:25:39,520 --> 00:25:41,399
Speaker 11: has given us a sense of what we're in for

485
00:25:41,600 --> 00:25:42,720
Speaker 11: under her leadership.

486
00:25:42,880 --> 00:25:47,920
Speaker 13: There Sir bank should and it will remain a source

487
00:25:48,040 --> 00:25:54,159
Speaker 13: of strength and stability for the New Zealand economy. And

488
00:25:54,200 --> 00:25:57,800
Speaker 13: together with the board and with staff, we will achieve

489
00:25:57,880 --> 00:26:01,160
Speaker 13: this by focusing on our core mana and.

490
00:26:01,200 --> 00:26:04,480
Speaker 11: What are those sort of core ideals of the Reserve Bank?

491
00:26:04,560 --> 00:26:08,000
Speaker 11: While she says the first is price stability.

492
00:26:07,560 --> 00:26:12,760
Speaker 13: We will stay laser focused on delivering on low and

493
00:26:12,800 --> 00:26:14,040
Speaker 13: stable inflation.

494
00:26:14,560 --> 00:26:17,960
Speaker 11: The other goals are promoting financial stability and a safe

495
00:26:18,000 --> 00:26:20,840
Speaker 11: and efficient payment system. So she's also spoken about the

496
00:26:20,840 --> 00:26:24,159
Speaker 11: importance of having a transparent reserve bank. This is an

497
00:26:24,160 --> 00:26:25,600
Speaker 11: important one. Have a listen to this.

498
00:26:25,840 --> 00:26:30,280
Speaker 13: There're sour bank lists high in international rankings of transparency,

499
00:26:31,040 --> 00:26:33,000
Speaker 13: but I do believe that there is more work that

500
00:26:33,080 --> 00:26:36,560
Speaker 13: needs to be done. So we will strive for transparency,

501
00:26:36,640 --> 00:26:41,719
Speaker 13: accountability and clear communication within all the work that we do.

502
00:26:42,160 --> 00:26:44,440
Speaker 11: And I'm sure this will be music to the ears

503
00:26:44,480 --> 00:26:47,160
Speaker 11: of so many people. I mean, there were questions about

504
00:26:47,160 --> 00:26:51,439
Speaker 11: when Adrian or resigned. In terms of the transparency of

505
00:26:51,480 --> 00:26:54,760
Speaker 11: the Reserve Bank, so many people were asking where certain

506
00:26:54,800 --> 00:26:57,760
Speaker 11: pieces of detail were information that may have been left

507
00:26:57,760 --> 00:27:01,639
Speaker 11: out of Official Information Act responses things like that, hopefully

508
00:27:01,760 --> 00:27:04,800
Speaker 11: it looks like that saga is behind us now there'll

509
00:27:04,840 --> 00:27:07,160
Speaker 11: be someone at the helm very soon. So the Minister

510
00:27:07,280 --> 00:27:10,439
Speaker 11: of Finance, Nichola Willis also confirmed that the opposition was

511
00:27:10,480 --> 00:27:13,280
Speaker 11: told of this appointment and she's confirmed they've had no

512
00:27:13,400 --> 00:27:17,080
Speaker 11: real issues with that. Labour's Barbara Edmunds says doctor Breman

513
00:27:17,200 --> 00:27:20,000
Speaker 11: has an impressive background, wishing her well for the role.

514
00:27:20,320 --> 00:27:24,159
Speaker 11: Also interestingly, this appointment makes doctor Breman the first woman

515
00:27:24,240 --> 00:27:27,399
Speaker 11: to be governor of New Zealand's Reserve Bank. Nikola Wellis

516
00:27:27,440 --> 00:27:29,000
Speaker 11: spoke a little bit about this today.

517
00:27:29,119 --> 00:27:31,400
Speaker 8: We only ever want to be selected for a role

518
00:27:31,480 --> 00:27:36,040
Speaker 8: because we are the best candidate, not because of our gender. However,

519
00:27:36,600 --> 00:27:39,639
Speaker 8: it is also the case that it certainly makes a

520
00:27:39,680 --> 00:27:43,080
Speaker 8: difference when young women and girls can see that there

521
00:27:43,160 --> 00:27:46,879
Speaker 8: is no office that cannot be occupied by a woman.

522
00:27:47,760 --> 00:27:51,000
Speaker 8: And I am glad that my daughters will be raised

523
00:27:51,000 --> 00:27:54,199
Speaker 8: in a time where they can see that the Governor

524
00:27:54,240 --> 00:27:57,280
Speaker 8: of the Reserve Bank can be a man Or, a woman.

525
00:27:57,400 --> 00:28:00,280
Speaker 11: And doctor Breman, says she's confident on the economy, She's

526
00:28:00,320 --> 00:28:03,120
Speaker 11: looking forward to finding out more about New Zealand's culture

527
00:28:03,200 --> 00:28:06,200
Speaker 11: and history and also another big update a new chair

528
00:28:06,280 --> 00:28:08,760
Speaker 11: of the Reserve Bank that will be announced before the

529
00:28:08,880 --> 00:28:09,520
Speaker 11: end of the year.

530
00:28:10,200 --> 00:28:12,080
Speaker 2: All right, very good, and we've got the mood of

531
00:28:12,119 --> 00:28:15,000
Speaker 2: the boardroom showing well, Paul showing for the Prime minister

532
00:28:15,280 --> 00:28:18,040
Speaker 2: was ranked what fifteen sixteenth than his own cabinet And

533
00:28:18,320 --> 00:28:20,159
Speaker 2: the inevitable question does that mean he's going to be

534
00:28:20,200 --> 00:28:21,600
Speaker 2: a leadership thing, which is always a bit of a

535
00:28:21,680 --> 00:28:23,480
Speaker 2: dumb question, especially at a time like this for a

536
00:28:23,560 --> 00:28:25,080
Speaker 2: national party. I would have thought Zaria.

537
00:28:25,720 --> 00:28:28,600
Speaker 11: Yeah, well, it has been a hotly discussed topic today.

538
00:28:28,640 --> 00:28:30,600
Speaker 11: But there is that, I mean, there is a huge

539
00:28:30,880 --> 00:28:33,640
Speaker 11: high threshold in terms of something like this. So yes,

540
00:28:33,720 --> 00:28:36,480
Speaker 11: The survey of one hundred and fifty chief executives has

541
00:28:36,560 --> 00:28:39,680
Speaker 11: ranked the Prime Minister Chris Luckson fifteenth out of twenty

542
00:28:39,720 --> 00:28:42,720
Speaker 11: eight ministers on performance. It puts him in the bottom

543
00:28:42,760 --> 00:28:44,640
Speaker 11: half of the table. He had a rating of two

544
00:28:44,720 --> 00:28:47,640
Speaker 11: point nine six out of five And Chris Luckson has

545
00:28:47,680 --> 00:28:50,680
Speaker 11: answered some questions in terms of his reaction to this.

546
00:28:51,160 --> 00:28:54,120
Speaker 11: The main question from some will you be standing down?

547
00:28:54,440 --> 00:28:56,000
Speaker 3: No, no, I'm here to do a job.

548
00:28:56,040 --> 00:28:57,960
Speaker 14: I came to politics four years ago because this is

549
00:28:58,000 --> 00:29:00,959
Speaker 14: an awesome country. It's got fantastic potential and we're dam

550
00:29:01,000 --> 00:29:02,440
Speaker 14: we're going to go make it and get realized.

551
00:29:02,760 --> 00:29:04,840
Speaker 11: And the Prime Minister is also confident in how the

552
00:29:04,880 --> 00:29:06,200
Speaker 11: other ministers are doing.

553
00:29:06,320 --> 00:29:07,920
Speaker 14: We decided we're going to play as a team and

554
00:29:07,960 --> 00:29:10,720
Speaker 14: that means we put my job as the Prime Minister

555
00:29:10,760 --> 00:29:12,320
Speaker 14: and as the leader of the team is to make

556
00:29:12,360 --> 00:29:14,520
Speaker 14: sure I've got the right people in the right positions

557
00:29:14,560 --> 00:29:15,840
Speaker 14: on the team at the right time.

558
00:29:16,160 --> 00:29:18,840
Speaker 11: And also someone who had a poor display, Chris Hipkins,

559
00:29:18,880 --> 00:29:21,760
Speaker 11: the Labor leader. Hipkins was rated two out of five

560
00:29:21,880 --> 00:29:25,360
Speaker 11: on performance, more than seventy percent of business leaders giving

561
00:29:25,440 --> 00:29:27,960
Speaker 11: him a rating of just one or two out of five.

562
00:29:28,040 --> 00:29:31,200
Speaker 11: So that's worse than the PM. Meanwhile, Labour's finance spokes

563
00:29:31,240 --> 00:29:34,520
Speaker 11: to sim Barbara Edmunds, leads Labour's performance rankings. She's on

564
00:29:34,560 --> 00:29:35,960
Speaker 11: three point two out of five.

565
00:29:36,240 --> 00:29:39,040
Speaker 2: Sary appreciate that Zara Hale in Parliament nine away from

566
00:29:39,040 --> 00:29:41,000
Speaker 2: five year old news talks. He'd be a little update

567
00:29:41,080 --> 00:29:44,440
Speaker 2: on who's getting solar power and who's lying about wanting

568
00:29:44,480 --> 00:29:47,760
Speaker 2: to get solar power and coming up next also Nikola Willison,

569
00:29:47,880 --> 00:29:51,240
Speaker 2: all of the af I mentioned after five Hard.

570
00:29:50,960 --> 00:29:55,400
Speaker 1: Talk Bold Takes Big Stories. It's the Mic Hosking Breakfast.

571
00:29:55,120 --> 00:29:58,560
Speaker 15: New Pathways two Residency. Rick Stanford is the Immigration Minister.

572
00:29:58,760 --> 00:30:01,200
Speaker 15: Is this driven by fear that people will leave the

573
00:30:01,240 --> 00:30:02,160
Speaker 15: country partly?

574
00:30:02,360 --> 00:30:05,360
Speaker 16: But we've always had a really good, strong residency program

575
00:30:05,360 --> 00:30:08,120
Speaker 16: where people who are skilled and have a knowledge and

576
00:30:08,160 --> 00:30:10,720
Speaker 16: talent we need we always have a residence pathway for them,

577
00:30:10,800 --> 00:30:12,760
Speaker 16: and we don't in this case because of the settings

578
00:30:12,760 --> 00:30:14,400
Speaker 16: of the previous government and we've just fixed that.

579
00:30:14,480 --> 00:30:16,320
Speaker 15: Peter talks about the thirty percent. I mean, we have

580
00:30:16,440 --> 00:30:20,120
Speaker 15: seen a remarkable transformation in the ethnic makeup of this

581
00:30:20,200 --> 00:30:21,920
Speaker 15: country in the last decade or so, haven't we.

582
00:30:21,920 --> 00:30:23,440
Speaker 16: Well, you could argue that we have for a very

583
00:30:23,480 --> 00:30:23,880
Speaker 16: long time.

584
00:30:24,120 --> 00:30:24,800
Speaker 3: Is that good or not?

585
00:30:24,880 --> 00:30:27,520
Speaker 16: Well, I'm interested in people who can help drive our

586
00:30:27,520 --> 00:30:28,520
Speaker 16: economy back.

587
00:30:28,560 --> 00:30:31,600
Speaker 15: Tomorrow at six am The Mic Hosking Breakfast with Mayley's

588
00:30:31,640 --> 00:30:33,120
Speaker 15: Real Estate News Talk ZIBB.

589
00:30:33,880 --> 00:30:37,040
Speaker 2: It is five to five News Talk zaib Rising energy

590
00:30:37,080 --> 00:30:39,840
Speaker 2: costs apparently driving people to talk about solar and think

591
00:30:39,840 --> 00:30:43,560
Speaker 2: about solar and you know when you hear about surveys,

592
00:30:43,600 --> 00:30:45,840
Speaker 2: and there's a thing called the warm glow effect where

593
00:30:45,840 --> 00:30:49,160
Speaker 2: if somebody says to you, hey, do you care about poverty,

594
00:30:49,400 --> 00:30:51,640
Speaker 2: and you go, of course I care about poverty, and

595
00:30:51,680 --> 00:30:53,440
Speaker 2: so you know, do you care about client? Of course

596
00:30:53,440 --> 00:30:55,680
Speaker 2: I care about climate change, But do you actually you know,

597
00:30:56,200 --> 00:30:58,560
Speaker 2: would you actually go and do something about it? Anyway?

598
00:30:58,600 --> 00:31:00,480
Speaker 2: I think there's a bit of that at play, a

599
00:31:00,520 --> 00:31:03,880
Speaker 2: bit of instagram B reality on solar panels. This is

600
00:31:03,920 --> 00:31:07,680
Speaker 2: a Westpac New Zealand Commission survey, five hundred people and

601
00:31:07,760 --> 00:31:11,560
Speaker 2: the headline is nearly half of Kiwi's have either installed

602
00:31:11,600 --> 00:31:16,520
Speaker 2: solar panels or are considering doing so. So nine percent

603
00:31:16,720 --> 00:31:18,920
Speaker 2: they reckon already have the panels, so that's a bit

604
00:31:18,920 --> 00:31:21,520
Speaker 2: of a one one to start worth. Thirteen percent plan

605
00:31:21,680 --> 00:31:23,880
Speaker 2: to install them within the next year, and twenty five

606
00:31:23,920 --> 00:31:26,520
Speaker 2: percent intend to. Yeah, of course I will, of course

607
00:31:26,560 --> 00:31:30,040
Speaker 2: I will anyway. The reality business testment in checks. According

608
00:31:30,080 --> 00:31:34,560
Speaker 2: to the Electricity Authority official figures, seventy three thousand systems

609
00:31:34,600 --> 00:31:38,960
Speaker 2: installed nationwide. That is three percent of all connections. It's

610
00:31:39,120 --> 00:31:42,200
Speaker 2: four minutes away from five. Now, in case you thought

611
00:31:42,280 --> 00:31:45,680
Speaker 2: you were safe, Typhoon Tory is not done with Wellington yet,

612
00:31:45,760 --> 00:31:48,600
Speaker 2: Farno has revealed plans for a run at Parliament with

613
00:31:48,680 --> 00:31:51,760
Speaker 2: the Greens. She said she wouldn't, then she said she would,

614
00:31:51,800 --> 00:31:54,360
Speaker 2: then she said she wouldn't. Again, did the same thing

615
00:31:54,400 --> 00:31:59,000
Speaker 2: with the Meryalty. So would love to know, genuinely love

616
00:31:59,080 --> 00:32:02,840
Speaker 2: to know what the Green Party leadership actually thinks of her.

617
00:32:03,000 --> 00:32:05,160
Speaker 2: Wouldn't you love to be a fly on the wall

618
00:32:05,560 --> 00:32:07,360
Speaker 2: or do you think they'd be too scared to even

619
00:32:08,200 --> 00:32:11,240
Speaker 2: share an opinion, you know, a real opinion like oh god,

620
00:32:11,320 --> 00:32:13,960
Speaker 2: she's useless and waste of space and all we don't

621
00:32:13,960 --> 00:32:16,720
Speaker 2: want to anywhere near our party. I don't know whether

622
00:32:16,760 --> 00:32:19,240
Speaker 2: they would be that honest with each other, whether they

623
00:32:19,280 --> 00:32:21,800
Speaker 2: would just have internal thoughts that they would then self

624
00:32:21,840 --> 00:32:23,600
Speaker 2: flagellate afterwards.

625
00:32:23,720 --> 00:32:23,960
Speaker 12: You know.

626
00:32:24,440 --> 00:32:28,720
Speaker 2: Anyway, it's interesting because of what the state that Wellington's in,

627
00:32:29,400 --> 00:32:34,080
Speaker 2: to have somebody running for national office and saying, look

628
00:32:34,120 --> 00:32:37,080
Speaker 2: at my achievements and then turning, you know, looking around

629
00:32:37,160 --> 00:32:40,680
Speaker 2: behind them and seeing Wellington. It's a bit like San Francisco.

630
00:32:40,720 --> 00:32:44,320
Speaker 2: It's our San Francisco, isn't it. Wellington? It's an absolute mess.

631
00:32:45,920 --> 00:32:49,840
Speaker 2: Not saying it can't be fixed, but would you elect

632
00:32:49,880 --> 00:32:52,000
Speaker 2: the person who ran it into help run it into

633
00:32:52,000 --> 00:32:55,040
Speaker 2: the ground to national office. Would you elevate them to

634
00:32:55,120 --> 00:32:58,840
Speaker 2: such heights? She certainly thinks she can and plans to

635
00:32:59,000 --> 00:33:02,520
Speaker 2: as well. Hardly a poster child for how you envision

636
00:33:02,600 --> 00:33:05,040
Speaker 2: the country to look. I would have thought three minutes

637
00:33:05,080 --> 00:33:07,760
Speaker 2: away from five newstalks, they'd beat. Nichola Willis on the

638
00:33:07,800 --> 00:33:09,440
Speaker 2: new Reserve Bank governor.

639
00:33:09,160 --> 00:33:34,080
Speaker 1: Next, pressing the newsmakers to get the real story. It's

640
00:33:34,240 --> 00:33:37,320
Speaker 1: Ryan Bridge on hither duper se Ellen drive with one

641
00:33:37,400 --> 00:33:41,200
Speaker 1: New Zealand coverage like no one else news talks'd be

642
00:33:41,480 --> 00:33:41,960
Speaker 1: good evening.

643
00:33:41,960 --> 00:33:45,040
Speaker 2: New Reserve Bank governor is Swedish doctor Arna Breeman is

644
00:33:45,080 --> 00:33:47,960
Speaker 2: the name to I see at Sweden's Central Bank. Former

645
00:33:48,040 --> 00:33:50,880
Speaker 2: chief economist at a retail bank, big CV. Nicola Willis

646
00:33:50,960 --> 00:33:54,360
Speaker 2: Finance minister with us Good evening, Good evening. Did she

647
00:33:54,520 --> 00:33:57,240
Speaker 2: apply for this job or was she shoulder tap to

648
00:33:57,280 --> 00:33:58,200
Speaker 2: apply for this job?

649
00:33:58,880 --> 00:34:02,000
Speaker 8: She made a former webla for this job. The Reserve

650
00:34:02,040 --> 00:34:07,040
Speaker 8: Bank went through a process of both advertising and also

651
00:34:07,200 --> 00:34:11,440
Speaker 8: doing a large international search to consider people that could

652
00:34:11,480 --> 00:34:12,640
Speaker 8: be qualified for the role.

653
00:34:12,760 --> 00:34:14,920
Speaker 2: Oh so she got shoulder tapped then applied.

654
00:34:16,239 --> 00:34:18,799
Speaker 8: I actually don't know what the sequence was with her,

655
00:34:18,880 --> 00:34:21,080
Speaker 8: but I know that she was one of the eleven

656
00:34:21,280 --> 00:34:24,279
Speaker 8: candidates who formerly submitted an application for the role.

657
00:34:24,760 --> 00:34:28,280
Speaker 2: Only eleven people applied. What would have thought they'd be more.

658
00:34:29,680 --> 00:34:32,839
Speaker 8: Well formerly submitting an application for the role as a

659
00:34:32,840 --> 00:34:37,279
Speaker 8: commitment to a significant process. Of those eight were international

660
00:34:37,280 --> 00:34:39,960
Speaker 8: applicants run which tells you that there were a number

661
00:34:40,000 --> 00:34:44,319
Speaker 8: of people internationally who were prepared to make that move

662
00:34:44,360 --> 00:34:47,480
Speaker 8: to New Zealand to take up the esteemed position.

663
00:34:48,600 --> 00:34:50,880
Speaker 2: What was the caliber like of those applicants?

664
00:34:51,480 --> 00:34:54,520
Speaker 8: The Reserve Bank Board tell me that a very high

665
00:34:54,600 --> 00:34:59,840
Speaker 8: caliber of applicants with extensive experience and skill across a

666
00:35:00,160 --> 00:35:06,799
Speaker 8: range of backgrounds finance, central banking, government, and they were

667
00:35:06,880 --> 00:35:09,359
Speaker 8: very happy with the choices that were made available to them.

668
00:35:09,600 --> 00:35:12,080
Speaker 2: Very big on transparency, which I like the sound of.

669
00:35:12,320 --> 00:35:15,600
Speaker 2: And over in Sweden they do things like actually publish

670
00:35:15,719 --> 00:35:19,439
Speaker 2: the minutes of the Monetary Policy Committee meetings. They tell

671
00:35:19,480 --> 00:35:22,799
Speaker 2: you which way a member voted, They tell you the

672
00:35:22,840 --> 00:35:26,040
Speaker 2: reasons why their justification, a whole bunch of stuff they do.

673
00:35:26,400 --> 00:35:29,640
Speaker 2: Will that be up to doctor Breman to decide or

674
00:35:29,680 --> 00:35:32,400
Speaker 2: is that a board decision or is that a you decision?

675
00:35:32,920 --> 00:35:33,759
Speaker 2: Changing next time?

676
00:35:34,560 --> 00:35:38,279
Speaker 8: Well, that's certainly something that doctor Breman will have input into.

677
00:35:38,400 --> 00:35:42,239
Speaker 8: Along with her board, I issue something called the Monetary

678
00:35:42,239 --> 00:35:46,600
Speaker 8: Policy Charter, which sets out a greed expectations between me

679
00:35:46,680 --> 00:35:49,480
Speaker 8: and the Reserve Bank about how the Monetary Policy Committee

680
00:35:49,640 --> 00:35:53,799
Speaker 8: conducts itself. And those are conversations that I expect will

681
00:35:53,840 --> 00:35:57,360
Speaker 8: happen once doctor Breman has come into the role in December.

682
00:35:57,640 --> 00:36:00,200
Speaker 2: Okay, you would like to see more transparency around that

683
00:36:00,200 --> 00:36:00,719
Speaker 2: stuff though.

684
00:36:02,160 --> 00:36:06,200
Speaker 8: Look, I'm a big fan of transparency and openness because

685
00:36:06,239 --> 00:36:09,320
Speaker 8: I think it leads to two things, one greater trust

686
00:36:09,600 --> 00:36:12,560
Speaker 8: and two greater accountability. And I think both of those

687
00:36:12,560 --> 00:36:16,120
Speaker 8: are good forces. And what is a really important economic institution?

688
00:36:16,400 --> 00:36:16,520
Speaker 12: Right?

689
00:36:16,560 --> 00:36:21,080
Speaker 2: This stuff about the long term fiscal track for the government.

690
00:36:21,120 --> 00:36:24,719
Speaker 2: This is treasuries forty years ahead. Look, and it's more

691
00:36:24,760 --> 00:36:26,799
Speaker 2: of what we kind of expect that we will run

692
00:36:26,800 --> 00:36:31,600
Speaker 2: out of money as a government and not enough revenue

693
00:36:31,640 --> 00:36:34,120
Speaker 2: and expenses will keep going up with health and aging

694
00:36:34,120 --> 00:36:36,520
Speaker 2: and all that kind of stuff. Is this what do

695
00:36:36,560 --> 00:36:38,560
Speaker 2: you do about this? Is this why you come to

696
00:36:38,600 --> 00:36:42,880
Speaker 2: the election next year with something to do with super

697
00:36:42,960 --> 00:36:44,520
Speaker 2: and something to do with Kewy Savor.

698
00:36:45,920 --> 00:36:48,279
Speaker 8: Well, Look, we know that changing demographics are already having

699
00:36:48,280 --> 00:36:50,600
Speaker 8: an impact on the government's fiscal position and that will

700
00:36:50,640 --> 00:36:53,320
Speaker 8: continue to grow, is there a fewer working aged people

701
00:36:53,360 --> 00:36:57,080
Speaker 8: to support a larger number of people who require superannuation

702
00:36:57,960 --> 00:37:00,960
Speaker 8: and higher amounts of health service. But what the Treasury

703
00:37:01,000 --> 00:37:03,560
Speaker 8: highlights in that report is that it's not one big

704
00:37:03,640 --> 00:37:06,040
Speaker 8: radical change that needs to be made all at once.

705
00:37:06,520 --> 00:37:09,080
Speaker 8: They're highlighting that lots of individual changes will have to

706
00:37:09,120 --> 00:37:12,760
Speaker 8: be made over the longer term, and to achieve fiscal

707
00:37:12,800 --> 00:37:16,520
Speaker 8: sustainability over a period of decades is something that successive

708
00:37:16,560 --> 00:37:19,520
Speaker 8: governments will all have to chip away at over the

709
00:37:19,600 --> 00:37:23,480
Speaker 8: next few decades. And I've made clear that one of

710
00:37:23,520 --> 00:37:25,800
Speaker 8: the important first steps is that we return the books

711
00:37:25,800 --> 00:37:28,160
Speaker 8: to surplus and bring deck down to more prudent levels.

712
00:37:28,160 --> 00:37:31,600
Speaker 8: That's what we're working hard on, and I have highlighted

713
00:37:31,719 --> 00:37:36,000
Speaker 8: that our superannuation and key we saver settings are something

714
00:37:36,440 --> 00:37:38,880
Speaker 8: that I think over time all parties will have to

715
00:37:38,920 --> 00:37:41,880
Speaker 8: come to positions on and come to the campaign trail with.

716
00:37:42,320 --> 00:37:44,320
Speaker 2: You made some comments this morning at the mood of

717
00:37:44,360 --> 00:37:46,760
Speaker 2: the boardroom, which haverged a few people in the business

718
00:37:46,800 --> 00:37:49,520
Speaker 2: community have been contacted by some of them today, some

719
00:37:49,560 --> 00:37:52,960
Speaker 2: of them have texted in this afternoon. It went done

720
00:37:53,080 --> 00:37:54,560
Speaker 2: like a bit of a cup of cold sick. This

721
00:37:54,640 --> 00:37:56,640
Speaker 2: comment that one hundred and fifty people in that room,

722
00:37:56,719 --> 00:37:59,520
Speaker 2: not representative of the five million kiwis that you represent.

723
00:38:00,400 --> 00:38:02,279
Speaker 2: Some of them felt like it was punching down on

724
00:38:02,320 --> 00:38:05,239
Speaker 2: the business community, which is something you've done with They

725
00:38:05,400 --> 00:38:08,640
Speaker 2: argue with the grocery sector, with power companies, a whole

726
00:38:08,640 --> 00:38:10,680
Speaker 2: bunch of stuff. Do you accept that?

727
00:38:11,840 --> 00:38:14,279
Speaker 8: Well, no, I think that that comment's been taken really

728
00:38:14,320 --> 00:38:18,600
Speaker 8: grossly out of context because I prefaced my remarks at

729
00:38:18,640 --> 00:38:22,880
Speaker 8: mood of the boardroom today extensively with a few comments.

730
00:38:22,920 --> 00:38:26,840
Speaker 8: One that the people in that room matter incredibly to

731
00:38:26,920 --> 00:38:30,920
Speaker 8: the New Zealand economy because their decisions impact on job creation,

732
00:38:31,520 --> 00:38:35,680
Speaker 8: income growth, investment, and actually are determinative of the economic

733
00:38:35,840 --> 00:38:37,680
Speaker 8: growth that we want to see. And I also said

734
00:38:37,719 --> 00:38:41,160
Speaker 8: that their feedback really matters to me, that their perspectives

735
00:38:41,160 --> 00:38:43,720
Speaker 8: that they share with me, have shared with me throughout

736
00:38:43,719 --> 00:38:46,240
Speaker 8: the year, and will continue to share with me inform

737
00:38:46,280 --> 00:38:49,200
Speaker 8: my thinking and are very important. My point was that

738
00:38:49,239 --> 00:38:53,200
Speaker 8: the survey itself, Ryan surveys one hundred and fifty representatives

739
00:38:53,680 --> 00:38:56,640
Speaker 8: from a small set of companies, and of course, as

740
00:38:56,680 --> 00:39:00,680
Speaker 8: we know, all of those companies have sometimes hundred, sometimes

741
00:39:00,680 --> 00:39:03,440
Speaker 8: thousands of employees who will have a range of perspectives.

742
00:39:03,680 --> 00:39:05,880
Speaker 8: There are a range of small businesses in the country

743
00:39:05,960 --> 00:39:08,200
Speaker 8: that of course weren't represented in that room today, And

744
00:39:08,239 --> 00:39:10,440
Speaker 8: my point is we as a government need to listen

745
00:39:10,640 --> 00:39:13,359
Speaker 8: to a range of perspectives. That's a very important part

746
00:39:13,360 --> 00:39:16,160
Speaker 8: of governing well, not to just take the perspectives of

747
00:39:16,239 --> 00:39:17,200
Speaker 8: one group of people.

748
00:39:17,920 --> 00:39:21,320
Speaker 2: Okay, on just while we're speaking of our companies, the

749
00:39:21,400 --> 00:39:24,799
Speaker 2: gen Taylors, have you got when's that report? Sometime in

750
00:39:24,840 --> 00:39:27,200
Speaker 2: the next week we will find out whether you're going

751
00:39:27,239 --> 00:39:27,879
Speaker 2: to break them up.

752
00:39:28,920 --> 00:39:32,040
Speaker 8: Well, cabinet has been working hard on that and announcements

753
00:39:32,040 --> 00:39:33,080
Speaker 8: will be made in due course.

754
00:39:33,400 --> 00:39:35,799
Speaker 2: I think of the worllest Finance Minister. Time is twelve

755
00:39:35,840 --> 00:39:39,839
Speaker 2: minutes after five. My Augland Council has been voting on

756
00:39:39,880 --> 00:39:44,840
Speaker 2: this plan change which would enable Chris Bishop's big lofty

757
00:39:45,120 --> 00:39:48,680
Speaker 2: goal of more housing in the super city and higher

758
00:39:48,680 --> 00:39:51,560
Speaker 2: housing in the super City. They voted this afternoon. Shane Anderson,

759
00:39:51,640 --> 00:39:53,440
Speaker 2: councilor with me Shane, good evening.

760
00:39:53,920 --> 00:39:55,000
Speaker 17: Good evening, how's it go out?

761
00:39:55,000 --> 00:39:55,200
Speaker 18: Good?

762
00:39:55,239 --> 00:39:56,360
Speaker 2: So what have you decided?

763
00:39:57,440 --> 00:39:57,640
Speaker 3: Yes?

764
00:39:57,800 --> 00:40:02,160
Speaker 17: Eighteen five vote just now to pass the plan so

765
00:40:02,200 --> 00:40:05,120
Speaker 17: that will go next through to consultation and look, I

766
00:40:05,120 --> 00:40:06,279
Speaker 17: think it's a great day for the city.

767
00:40:06,440 --> 00:40:10,239
Speaker 2: So that means that we will see fifteen story apartment

768
00:40:10,280 --> 00:40:14,600
Speaker 2: blocks next to train stations, next to city rail link

769
00:40:14,640 --> 00:40:18,480
Speaker 2: stations rather than three stories allowed everywhere.

770
00:40:19,400 --> 00:40:21,480
Speaker 17: Yeah, that's right. So the plan is to intense fire

771
00:40:21,520 --> 00:40:23,600
Speaker 17: long rapid transit corridors and make the most of that

772
00:40:23,719 --> 00:40:25,680
Speaker 17: CURL investment as well.

773
00:40:25,719 --> 00:40:27,880
Speaker 2: And what does it mean? How many extra houses do

774
00:40:27,880 --> 00:40:28,480
Speaker 2: you know in near that?

775
00:40:29,840 --> 00:40:32,279
Speaker 17: Yeah, so we've been given a target which is legislated

776
00:40:32,400 --> 00:40:36,040
Speaker 17: of enabling two million. Now the reality is we're not

777
00:40:36,120 --> 00:40:38,440
Speaker 17: quite sure exactly how much of that will actually be built.

778
00:40:38,520 --> 00:40:41,680
Speaker 17: That's a capacity that we have to provide. But yeah,

779
00:40:41,880 --> 00:40:44,640
Speaker 17: we'll be expecting some significant investment over the coming years.

780
00:40:44,880 --> 00:40:48,000
Speaker 2: Shane, that sounds great. You obviously voted for it. What

781
00:40:48,160 --> 00:40:50,200
Speaker 2: is a point of the consultation.

782
00:40:49,719 --> 00:40:53,800
Speaker 17: Now, Yeah, I think it's time for people to feedback

783
00:40:53,800 --> 00:40:55,279
Speaker 17: in and say, look, we might have got this all

784
00:40:55,320 --> 00:40:58,640
Speaker 17: that area wrong, or make some adjustments to people's neighborhoods

785
00:40:58,680 --> 00:41:01,000
Speaker 17: and things like that. It's really important that we allow

786
00:41:01,040 --> 00:41:03,080
Speaker 17: people to have their say and we'll certainly take that

787
00:41:03,160 --> 00:41:03,840
Speaker 17: into account.

788
00:41:04,440 --> 00:41:10,240
Speaker 2: Well you really know, of course, mate. So if someone

789
00:41:10,280 --> 00:41:14,080
Speaker 2: lives in Epsom, someone lives in Kingsland and they don't

790
00:41:14,120 --> 00:41:17,520
Speaker 2: want come, hello, high water a fifteen story apartment block

791
00:41:17,600 --> 00:41:20,520
Speaker 2: next to their house. You're going to say, okay, sure.

792
00:41:21,480 --> 00:41:23,719
Speaker 17: Yeah, Well there's a process for that, right, And we're

793
00:41:23,760 --> 00:41:27,840
Speaker 17: seeing entire neighborhoods and residents of rapids groups such engage

794
00:41:27,840 --> 00:41:30,320
Speaker 17: in that process already, and so they have a conssation

795
00:41:30,440 --> 00:41:32,560
Speaker 17: period to do that, and yeah, do let us know

796
00:41:32,640 --> 00:41:34,279
Speaker 17: it is important as part of democracy.

797
00:41:34,560 --> 00:41:37,760
Speaker 2: Appreciate your time, Shane Henderson, Open Counselor. It's fourteen minutes

798
00:41:37,760 --> 00:41:40,440
Speaker 2: after five, Ryan Bridge, You're on news talk c here

799
00:41:40,480 --> 00:41:42,839
Speaker 2: b in New York Streets. I love the story from

800
00:41:42,840 --> 00:41:45,040
Speaker 2: today because it was just a bit of light relief.

801
00:41:45,120 --> 00:41:48,960
Speaker 2: But Emmanuel Mahome, French President, gets on the blower to

802
00:41:48,960 --> 00:41:51,560
Speaker 2: Trump because he's waiting on the side of the road

803
00:41:51,680 --> 00:41:53,800
Speaker 2: and trying to get to a meeting at the UN

804
00:41:54,320 --> 00:41:56,560
Speaker 2: and is held up by a modicaid which he thinks

805
00:41:56,640 --> 00:41:59,759
Speaker 2: is Trump's modicaid. Turns out it is Trump's modicaid, and

806
00:41:59,800 --> 00:42:02,200
Speaker 2: he says, next, standing next to the cop gets on

807
00:42:02,239 --> 00:42:03,680
Speaker 2: the phone and does this, how.

808
00:42:03,600 --> 00:42:03,920
Speaker 19: Are you.

809
00:42:05,800 --> 00:42:10,680
Speaker 20: Guess what I'm waiting attic as everything is causing.

810
00:42:10,520 --> 00:42:14,560
Speaker 2: For you, So basically calls Trump out and doesn't actually

811
00:42:14,680 --> 00:42:17,120
Speaker 2: fix the problem, waits on the side of the road

812
00:42:17,160 --> 00:42:20,080
Speaker 2: for a little while longer, and it's all caught on camera.

813
00:42:20,440 --> 00:42:22,239
Speaker 2: But he just wanted to prove I think that he

814
00:42:22,280 --> 00:42:25,760
Speaker 2: had his number and that if he calls Trump will

815
00:42:25,960 --> 00:42:29,320
Speaker 2: answer quarter past five News Talk CB it's five to eighteen.

816
00:42:29,440 --> 00:42:31,920
Speaker 2: Most kiwis will have to pay the same as international

817
00:42:31,920 --> 00:42:34,600
Speaker 2: tourists to park at conservation sites this summer under a

818
00:42:34,640 --> 00:42:39,680
Speaker 2: trial Mount Cook, Dollarmite Point Friends, Joseph All trial five

819
00:42:39,760 --> 00:42:42,200
Speaker 2: dollars an hour charge with the option of twenty five

820
00:42:42,280 --> 00:42:44,520
Speaker 2: dollars a day. This is for a rate a day

821
00:42:44,600 --> 00:42:48,040
Speaker 2: rate rather sixty bucks for an annual pass. Locals can

822
00:42:48,120 --> 00:42:51,280
Speaker 2: park for just ten dollars a year, but other kiwis

823
00:42:51,320 --> 00:42:53,799
Speaker 2: will pay the same as the international visitors. So why

824
00:42:54,000 --> 00:42:57,640
Speaker 2: President of Federated Mountain Clubs, Megan demizonos is with us.

825
00:42:57,680 --> 00:43:01,120
Speaker 2: Good evening, good evening, Great to have you on the show.

826
00:43:01,280 --> 00:43:04,600
Speaker 2: So is it fear that we kiwis, well most of us,

827
00:43:04,680 --> 00:43:07,440
Speaker 2: unless you live locally, would pay the same as an

828
00:43:07,520 --> 00:43:08,640
Speaker 2: international tourist.

829
00:43:09,960 --> 00:43:10,160
Speaker 21: Yeah.

830
00:43:10,200 --> 00:43:17,240
Speaker 22: Obviously FMC advocated for the charge to only apply to internationals,

831
00:43:17,280 --> 00:43:21,800
Speaker 22: and so we're disappointed to see that the charge is

832
00:43:21,840 --> 00:43:23,440
Speaker 22: going to apply to kiwis as well.

833
00:43:23,640 --> 00:43:26,279
Speaker 2: Didn't they sort of imply, I seem to remember when

834
00:43:26,280 --> 00:43:28,640
Speaker 2: they announced this that we would get a cheaper rate.

835
00:43:31,200 --> 00:43:33,759
Speaker 22: Yeah, And I'm not sure about what's happened in the

836
00:43:33,760 --> 00:43:36,759
Speaker 22: background where they've decided that they're no longer going to

837
00:43:37,480 --> 00:43:40,240
Speaker 22: do that. But I guess the problem is that twenty

838
00:43:40,239 --> 00:43:43,879
Speaker 22: five dollars is probably not going to have a significant

839
00:43:44,000 --> 00:43:47,279
Speaker 22: enough impact on the crowding issue that doc claims to

840
00:43:47,320 --> 00:43:50,560
Speaker 22: be trying to address, but it will unfortunately have an

841
00:43:50,560 --> 00:43:53,479
Speaker 22: impact on low income families that are struggling with cost

842
00:43:53,480 --> 00:43:56,400
Speaker 22: of living crisis. So I don't know that this is

843
00:43:56,520 --> 00:43:59,160
Speaker 22: really a solution and its own right for the outer

844
00:44:00,080 --> 00:44:01,320
Speaker 22: the overcrowding issue.

845
00:44:01,400 --> 00:44:04,360
Speaker 2: If you're going to friends, Joseph, I mean, you're going once,

846
00:44:04,640 --> 00:44:07,239
Speaker 2: aren't you. You know, if you don't live nearby, you're

847
00:44:07,239 --> 00:44:09,680
Speaker 2: only going once. It's twenty five bucks to pay once.

848
00:44:09,719 --> 00:44:13,080
Speaker 2: It's a beautiful place to see it. Things kind of reasonable.

849
00:44:14,560 --> 00:44:17,880
Speaker 22: Yeah, I guess for our members in particular who are

850
00:44:17,920 --> 00:44:20,719
Speaker 22: back country users, you know, they all go into an

851
00:44:20,760 --> 00:44:24,120
Speaker 22: area for days at a time, so you know, a

852
00:44:24,160 --> 00:44:27,240
Speaker 22: back country usable will probably end up paying the sixty

853
00:44:27,280 --> 00:44:30,839
Speaker 22: dollars rate. Just to park once so that they can

854
00:44:30,880 --> 00:44:33,319
Speaker 22: go into the back country, so they're not actually using

855
00:44:33,360 --> 00:44:36,399
Speaker 22: the facilities in the area. They're quite a small number

856
00:44:36,480 --> 00:44:40,240
Speaker 22: of people, they're not necessarily the cause of the overcrowding problem,

857
00:44:40,719 --> 00:44:43,680
Speaker 22: but they're also going to shoulder a fairly unfair portion

858
00:44:43,800 --> 00:44:45,280
Speaker 22: of the burden.

859
00:44:45,640 --> 00:44:47,759
Speaker 2: All right, I appreciate your time, Thanks so much for

860
00:44:47,760 --> 00:44:50,920
Speaker 2: being with me. Again. That's Megan Demizentos, who's the president

861
00:44:50,960 --> 00:44:54,719
Speaker 2: Federated Mountain Clubs. It's It's sorry twenty past five on

862
00:44:54,800 --> 00:44:58,520
Speaker 2: News Talk CBS and Bridge. A little update on Jeffrey Epstein.

863
00:44:58,600 --> 00:45:01,000
Speaker 2: We'll get to that later on. It's to do with Fergie,

864
00:45:01,000 --> 00:45:04,280
Speaker 2: poor old Fergie. Well, a lot of people saying, actually,

865
00:45:04,360 --> 00:45:06,879
Speaker 2: not pull Fergi. She'd lie to us, she mislead us.

866
00:45:07,800 --> 00:45:10,120
Speaker 2: How dare she? And all the charities are pulling pin

867
00:45:10,200 --> 00:45:11,920
Speaker 2: on her as well. We'll get a lot back from that.

868
00:45:12,040 --> 00:45:16,320
Speaker 2: And also take a look at this look Ahead forty

869
00:45:16,400 --> 00:45:19,880
Speaker 2: years ahead. So Treasury, this is the sixth edition, comes

870
00:45:19,880 --> 00:45:23,080
Speaker 2: out and says, forty years into the future, what's the

871
00:45:23,120 --> 00:45:27,480
Speaker 2: fiscal trap looking like for the government? Revenue, expenditure, population,

872
00:45:27,760 --> 00:45:29,920
Speaker 2: government debt, all that stuff. I've had a look. I'll

873
00:45:29,920 --> 00:45:31,239
Speaker 2: break it down for your next.

874
00:45:31,560 --> 00:45:34,440
Speaker 1: Cutting through the noise to get the facts. It's Ryan

875
00:45:34,480 --> 00:45:37,960
Speaker 1: Bridge on hither duplicy Ellen drive. With one New Zealand

876
00:45:38,200 --> 00:45:40,920
Speaker 1: coverage like no one else's news talks, there'd.

877
00:45:40,719 --> 00:45:43,279
Speaker 2: Be five twenty four. Can we say the contributions in

878
00:45:43,280 --> 00:45:46,439
Speaker 2: my mind have to go up and migration is good

879
00:45:46,440 --> 00:45:48,520
Speaker 2: for this country. I know I've been saying and many

880
00:45:48,560 --> 00:45:51,279
Speaker 2: others been saying this stuff for ages. But Treasury's long

881
00:45:51,360 --> 00:45:55,000
Speaker 2: Term data report out today I think confirms why they

882
00:45:55,160 --> 00:45:57,759
Speaker 2: estimate the government carried on spending and taxing in the

883
00:45:57,800 --> 00:45:59,960
Speaker 2: same way it does right now for the next forty years.

884
00:46:00,600 --> 00:46:05,160
Speaker 2: Spending per person doubles, government debt breaks two hundred percent

885
00:46:05,239 --> 00:46:08,960
Speaker 2: of GDP. We're a small trading nation. We can't afford that.

886
00:46:09,480 --> 00:46:11,840
Speaker 2: Ain't nobody got the money or the time for that.

887
00:46:12,480 --> 00:46:15,160
Speaker 2: Your big ticket items are New Zealand super and health.

888
00:46:15,200 --> 00:46:18,279
Speaker 2: Of course everyone's getting older. This stuff is expensive as hell.

889
00:46:18,440 --> 00:46:23,160
Speaker 2: So the answer in part is kiwisaver and migration. Why well,

890
00:46:23,280 --> 00:46:26,239
Speaker 2: KIW Saber needs to be somewhere nearer the Aussies. They

891
00:46:26,239 --> 00:46:30,000
Speaker 2: are sitting on nine to eleven percent depending We're at

892
00:46:30,040 --> 00:46:33,400
Speaker 2: three moving to four. Our Kew Saber balance is total

893
00:46:33,400 --> 00:46:35,360
Speaker 2: one hundred and twenty one hundred and thirty odd billion

894
00:46:35,440 --> 00:46:40,040
Speaker 2: dollars there is for trillion for a start. What we

895
00:46:40,080 --> 00:46:42,760
Speaker 2: also learned from this report is that despite Uncle Winstont

896
00:46:42,800 --> 00:46:46,319
Speaker 2: telling us migrants and what he tells us, migrants are

897
00:46:46,400 --> 00:46:50,360
Speaker 2: saving our bacon. They are a major reason why government

898
00:46:50,440 --> 00:46:53,719
Speaker 2: costs haven't skyrocketed to the extent that they thought they

899
00:46:53,760 --> 00:46:57,320
Speaker 2: would last time Treasury ran the long term numbers. Migrants

900
00:46:57,360 --> 00:47:01,040
Speaker 2: come in young, they work, they pay tax, and they

901
00:47:01,160 --> 00:47:05,799
Speaker 2: help fund super and help so Key, we Saber and more.

902
00:47:05,920 --> 00:47:09,240
Speaker 2: Kiwis That's what I'm taking away from today's Treasury report.

903
00:47:09,680 --> 00:47:20,560
Speaker 23: Ryan Bridge, twenty five after five on news talks, you'd.

904
00:47:20,440 --> 00:47:25,360
Speaker 2: Be get ready the hoff remember this, just you're picturing it.

905
00:47:25,400 --> 00:47:29,640
Speaker 2: You're all picturing the same Then slow motion running down

906
00:47:29,680 --> 00:47:35,200
Speaker 2: the beach, those watermelons bouncing. You know you're all thinking

907
00:47:35,239 --> 00:47:39,200
Speaker 2: about the same thing. So Iconic launched in nineteen eighty nine,

908
00:47:39,920 --> 00:47:43,360
Speaker 2: the most watched TV show on the planet at the time.

909
00:47:43,960 --> 00:47:47,200
Speaker 2: Incredible success and it's a wonder they haven't done this yet.

910
00:47:47,200 --> 00:47:51,320
Speaker 2: But finally a new series is coming. This is according

911
00:47:51,320 --> 00:47:55,560
Speaker 2: to Fox. In the US feature twelve episodes. Pamela Anderson

912
00:47:55,600 --> 00:47:58,880
Speaker 2: don't know if she'll be back, donno if any of

913
00:47:58,880 --> 00:48:01,800
Speaker 2: them will be back. Actually, but the president of Fox

914
00:48:01,840 --> 00:48:04,799
Speaker 2: Television Network said the original series to find an entire

915
00:48:04,960 --> 00:48:09,120
Speaker 2: era of beach life and elevated lifeguards to an iconic status.

916
00:48:09,120 --> 00:48:12,040
Speaker 2: How to argue with that? Now, with our partner's Fremantle,

917
00:48:12,080 --> 00:48:14,880
Speaker 2: they say this television juggernaut is set for a modern

918
00:48:14,960 --> 00:48:20,440
Speaker 2: day comeback. I can't wait twenty six after five. Actually,

919
00:48:20,520 --> 00:48:24,360
Speaker 2: they could do worse than this Australian Nikki Osban's Osborne

920
00:48:24,400 --> 00:48:27,359
Speaker 2: is her name? This Australian radio host who is getting

921
00:48:27,440 --> 00:48:31,759
Speaker 2: some flakness across the Tasman because she has worn a

922
00:48:31,800 --> 00:48:35,840
Speaker 2: particular outfit to a Brisbane airport. And I want to

923
00:48:36,160 --> 00:48:38,680
Speaker 2: just part Brisbane for a second because just you know

924
00:48:38,719 --> 00:48:41,719
Speaker 2: what it's like over there. They basically wear nothing. You know,

925
00:48:41,719 --> 00:48:44,160
Speaker 2: if you go to the Queensland, it's not known for

926
00:48:44,719 --> 00:48:48,319
Speaker 2: you know, cardigans, is it. Anyway, she's in trouble for

927
00:48:48,360 --> 00:48:51,280
Speaker 2: going to Brisbane airport, kicked out of the Quantus lounge

928
00:48:51,320 --> 00:48:55,879
Speaker 2: because her top was too revealing, had cleavage. I think

929
00:48:55,920 --> 00:48:58,759
Speaker 2: the problem is it was lace. But she's given the

930
00:48:58,800 --> 00:49:04,120
Speaker 2: boot and that she was told it's culturally insensitive. Now

931
00:49:04,239 --> 00:49:06,160
Speaker 2: I don't know about you, but the last time I checked,

932
00:49:06,360 --> 00:49:11,160
Speaker 2: Australia was literally advertising themselves with you know where the

933
00:49:11,200 --> 00:49:14,160
Speaker 2: bloody how are you a check in a bikini? So

934
00:49:14,440 --> 00:49:17,799
Speaker 2: culturally she's right on the money. Put her in the show.

935
00:49:17,920 --> 00:49:19,240
Speaker 2: Twenty seven after five.

936
00:49:25,280 --> 00:49:27,360
Speaker 3: Hard questions, strong opinion.

937
00:49:27,600 --> 00:49:30,879
Speaker 1: Ryan Bridge on hither do for cellen drive with one

938
00:49:30,960 --> 00:49:34,320
Speaker 1: New Zealand and the power of satellite Mobile News Talks

939
00:49:34,440 --> 00:49:42,360
Speaker 1: d B.

940
00:49:40,000 --> 00:49:41,920
Speaker 2: Twenty five away from the six News Talks, said B

941
00:49:42,080 --> 00:49:46,000
Speaker 2: we'll get to Scott Simpson on the credit card surcharge.

942
00:49:46,200 --> 00:49:48,640
Speaker 2: Calls for that to be scrapped already. This is the

943
00:49:48,680 --> 00:49:51,680
Speaker 2: ban on the surcharge that the government wants to introduce.

944
00:49:51,800 --> 00:49:54,520
Speaker 2: Their business community not happy with that. Also, two degrees

945
00:49:54,560 --> 00:49:56,840
Speaker 2: after sex, we'll look at this interesting story two degrees.

946
00:49:57,320 --> 00:50:01,640
Speaker 2: Net loss is up widens on one offs, but operating

947
00:50:01,680 --> 00:50:04,839
Speaker 2: earnings have grown. That's despite the economic headwinds, and they're

948
00:50:04,840 --> 00:50:09,799
Speaker 2: making inroads into the telco market. So interesting stuff. I

949
00:50:09,800 --> 00:50:12,880
Speaker 2: think they consider themselves call themselves a technology company. So

950
00:50:12,920 --> 00:50:16,799
Speaker 2: we will talk to the chief executive after six, right,

951
00:50:16,840 --> 00:50:19,560
Speaker 2: I find this really interesting. The feedback on the Reserve

952
00:50:19,600 --> 00:50:23,560
Speaker 2: Bank governor who's going to take the job December first,

953
00:50:24,760 --> 00:50:29,360
Speaker 2: Ryan's so patronizing the emphasis on the new governor being female.

954
00:50:29,440 --> 00:50:31,800
Speaker 2: I'm a woman in my late fifties and I feel

955
00:50:31,840 --> 00:50:34,880
Speaker 2: it does us a disservice every time we emphasize it

956
00:50:34,920 --> 00:50:39,200
Speaker 2: and talk about it. So thanks point taking. I haven't

957
00:50:39,239 --> 00:50:41,560
Speaker 2: mentioned it. Nicola Willis obviously made a thing of it

958
00:50:41,600 --> 00:50:44,440
Speaker 2: at the press conference, but I think it's more interesting

959
00:50:44,640 --> 00:50:49,160
Speaker 2: that she is Swedish. Ryan b twenty four away from six.

960
00:50:49,480 --> 00:50:52,800
Speaker 2: Let's get to Scott Simpson now on this business. Unhappy

961
00:50:52,880 --> 00:50:55,800
Speaker 2: that the credit cards to charge ban is going ahead,

962
00:50:55,840 --> 00:50:57,759
Speaker 2: they want it to be scrapped. In an open letter

963
00:50:57,840 --> 00:51:01,120
Speaker 2: to Consumer Affairs Minister Simpsons, as leaders around the country

964
00:51:01,160 --> 00:51:04,200
Speaker 2: say stopping them from passing on bank fees will backfire.

965
00:51:04,560 --> 00:51:07,640
Speaker 2: The warning the ban will mean higher prices for all

966
00:51:07,760 --> 00:51:11,839
Speaker 2: customers or more pressure on already struggling businesses. Either way,

967
00:51:11,960 --> 00:51:14,280
Speaker 2: not a great outcome. Scott Simpson's with me now, Minister.

968
00:51:14,320 --> 00:51:16,719
Speaker 2: Good evening, Good ay, Ryan, what did you make of

969
00:51:16,760 --> 00:51:17,080
Speaker 2: the letter?

970
00:51:18,520 --> 00:51:22,719
Speaker 24: Look, I understand the messages that they are sending, but

971
00:51:22,840 --> 00:51:26,919
Speaker 24: Retail New Zealand are representing their members and I'm keen

972
00:51:27,000 --> 00:51:31,000
Speaker 24: to get a good outcome for New Zealand customers and consumers.

973
00:51:31,719 --> 00:51:36,200
Speaker 2: Okay, So that means going ahead with it? Yeah, absolutely, okay,

974
00:51:36,360 --> 00:51:37,439
Speaker 2: so just ignore the letter.

975
00:51:39,000 --> 00:51:42,279
Speaker 24: Well, no, look, listen to the views. The legislation that

976
00:51:42,400 --> 00:51:46,520
Speaker 24: will ban these pesky little surcharges is currently at Select Committee.

977
00:51:46,640 --> 00:51:49,200
Speaker 24: I'm sure that retail New Zealand will make a submission.

978
00:51:49,200 --> 00:51:51,960
Speaker 24: We'll listen to what they have to say and hear

979
00:51:52,000 --> 00:51:55,279
Speaker 24: what the Select Committee decides, and then take all those

980
00:51:55,360 --> 00:51:58,360
Speaker 24: views into account before the legislation is finally passed.

981
00:51:59,000 --> 00:52:01,640
Speaker 2: You say that businesses should pass on the savings they

982
00:52:01,680 --> 00:52:04,920
Speaker 2: get from the banking fee changes made by the ComCom.

983
00:52:05,120 --> 00:52:07,800
Speaker 2: Why not force them instead of making it optional.

984
00:52:09,640 --> 00:52:14,080
Speaker 24: Well, by banning surchargers, we are actually forcing them to

985
00:52:14,120 --> 00:52:16,960
Speaker 24: pass on those savings. At the moment, there is no

986
00:52:17,840 --> 00:52:22,000
Speaker 24: way to guarantee that those savings that the Compom is

987
00:52:22,040 --> 00:52:24,560
Speaker 24: going to have brought into effect by the first of

988
00:52:24,560 --> 00:52:28,880
Speaker 24: December will actually ever be passed on to customers. Currently,

989
00:52:29,000 --> 00:52:32,160
Speaker 24: New Zealanders spend about one hundred and fifty million dollars

990
00:52:32,200 --> 00:52:36,120
Speaker 24: a year on surcharges and ComCom estimate that up to

991
00:52:36,200 --> 00:52:40,560
Speaker 24: sixty five million of that it's actually overcharging by retailers.

992
00:52:41,480 --> 00:52:43,160
Speaker 2: What do you I mean, what do you expect them

993
00:52:43,160 --> 00:52:46,000
Speaker 2: to do. The big problem here they're saying is they

994
00:52:46,080 --> 00:52:48,680
Speaker 2: get charge the fees. This is their way of passing

995
00:52:48,680 --> 00:52:50,560
Speaker 2: them on. Otherwise they have to up the prices. Well,

996
00:52:50,560 --> 00:52:52,560
Speaker 2: I mean, what do they what are they expected to do?

997
00:52:52,600 --> 00:52:54,320
Speaker 2: What do you expect them to do with those fees

998
00:52:54,360 --> 00:52:55,239
Speaker 2: that they have to pay.

999
00:52:56,000 --> 00:52:59,760
Speaker 24: Well, some certainly will pass on the fees, but just remember,

1000
00:52:59,800 --> 00:53:03,160
Speaker 24: as we've just said that the Commerce Commission is regulating

1001
00:53:03,320 --> 00:53:06,080
Speaker 24: the price down of those bank fees, so that's coming

1002
00:53:06,120 --> 00:53:09,880
Speaker 24: down on the first of December. Some businesses will add

1003
00:53:10,000 --> 00:53:13,799
Speaker 24: costs into the shelf price, but many won't. In fact,

1004
00:53:13,840 --> 00:53:17,880
Speaker 24: the majority of New Zealand businesses don't charge sir charges currently,

1005
00:53:18,200 --> 00:53:21,640
Speaker 24: so the ones that choose to add that pricing in

1006
00:53:22,160 --> 00:53:26,560
Speaker 24: will be actually competitively constrained in the marketplace by those

1007
00:53:26,600 --> 00:53:28,600
Speaker 24: businesses that choose not to do so.

1008
00:53:29,040 --> 00:53:33,280
Speaker 2: Hey, Minister, how excited are you by Christopher Luction's leadership.

1009
00:53:34,160 --> 00:53:36,799
Speaker 24: Oh look, we're a team. I think Christopher Luxon's doing

1010
00:53:36,840 --> 00:53:39,880
Speaker 24: an exceptionally good job as Prime Minister. But you know,

1011
00:53:39,880 --> 00:53:43,280
Speaker 24: New Zealand's going through difficult times. It's challenging difficult times.

1012
00:53:43,280 --> 00:53:47,400
Speaker 24: It's been a long, cold, wet winter and the economy

1013
00:53:47,600 --> 00:53:50,359
Speaker 24: is sluggish. We all know that and we desperately want

1014
00:53:50,400 --> 00:53:52,719
Speaker 24: it to improve. But I am very confident that under

1015
00:53:52,719 --> 00:53:53,520
Speaker 24: his leadership it.

1016
00:53:53,600 --> 00:53:57,480
Speaker 2: Will appreciate your time. Scott Simpson, Minister of Consumer Affairs

1017
00:53:57,680 --> 00:54:00,600
Speaker 2: and big backer of the Boss. It is twenty one

1018
00:54:00,640 --> 00:54:01,680
Speaker 2: away from Sex.

1019
00:54:02,080 --> 00:54:05,640
Speaker 1: The Huddle with New Zealand Southeby's International Realty. Find your

1020
00:54:06,040 --> 00:54:06,800
Speaker 1: one of a kind.

1021
00:54:09,160 --> 00:54:11,560
Speaker 2: You're on News Talks b it is twenty away from

1022
00:54:11,600 --> 00:54:14,040
Speaker 2: Sex Now. Fellow Riley Iron Duke, Partner's former bost of

1023
00:54:14,080 --> 00:54:16,880
Speaker 2: Business New Zealand on the Huddle tonight alongside Jack Tame,

1024
00:54:17,239 --> 00:54:19,600
Speaker 2: host of Q and A Saturday mornings on News Talks.

1025
00:54:19,719 --> 00:54:22,600
Speaker 2: Be good evening, Hey you doing? I think good to

1026
00:54:22,640 --> 00:54:26,040
Speaker 2: have you both here. Fell your summation after the mood

1027
00:54:26,080 --> 00:54:30,760
Speaker 2: of the boardroom today, they responses various responses from government ministers.

1028
00:54:30,760 --> 00:54:31,759
Speaker 2: What are you making of it all?

1029
00:54:32,560 --> 00:54:34,440
Speaker 18: Oh, I was just a cry of frustration. I think

1030
00:54:34,520 --> 00:54:38,200
Speaker 18: Ryan and noticed that the opposition isn't too too well over,

1031
00:54:39,000 --> 00:54:40,480
Speaker 18: so you know, it was a bit of a pox

1032
00:54:40,520 --> 00:54:42,479
Speaker 18: and everyone's houses and in that sense, and I think,

1033
00:54:42,960 --> 00:54:43,840
Speaker 18: you know, I think it is a bit of a

1034
00:54:43,840 --> 00:54:45,160
Speaker 18: cry of frustration. I think it's a bit of a

1035
00:54:45,160 --> 00:54:46,640
Speaker 18: cry of saying could you please listen to us a

1036
00:54:46,640 --> 00:54:48,440
Speaker 18: bit more. I certainly get some of that feedback from

1037
00:54:48,480 --> 00:54:51,160
Speaker 18: the business community. I didn't expect that. It didn't expect

1038
00:54:51,160 --> 00:54:54,000
Speaker 18: the Prime Minister defair quite so badly as he did.

1039
00:54:54,040 --> 00:54:56,920
Speaker 18: But certainly, you know, there's some good messages for them

1040
00:54:56,960 --> 00:54:59,360
Speaker 18: there about listening to the business community and taking a

1041
00:54:59,360 --> 00:55:01,320
Speaker 18: bit of advice feedback. And I think I think it

1042
00:55:01,360 --> 00:55:03,560
Speaker 18: will turn around as there's the economy starts to turn around.

1043
00:55:03,560 --> 00:55:04,880
Speaker 18: There is an element of that, but there's an element

1044
00:55:04,880 --> 00:55:07,400
Speaker 18: also this this personal stuff. I think that needs that

1045
00:55:07,440 --> 00:55:08,200
Speaker 18: he needs to overcome.

1046
00:55:09,320 --> 00:55:12,040
Speaker 2: When you say personal stuff, you mean just likability.

1047
00:55:12,960 --> 00:55:15,080
Speaker 18: Yeah, well the idea that you know that a lot

1048
00:55:15,080 --> 00:55:17,560
Speaker 18: of the business people saying, you know, we want to

1049
00:55:17,600 --> 00:55:18,880
Speaker 18: talk to them and we want to give them some

1050
00:55:18,880 --> 00:55:21,799
Speaker 18: feedback and sometimes that's difficult, and so that there was

1051
00:55:21,800 --> 00:55:25,239
Speaker 18: some there were some some frustrations expressed about that, and

1052
00:55:25,280 --> 00:55:26,719
Speaker 18: of course he'll have a different view on this, but

1053
00:55:27,160 --> 00:55:29,560
Speaker 18: you know, if that's the frustration, then okay, well let's

1054
00:55:29,600 --> 00:55:31,120
Speaker 18: do something about that. But I think, as I say,

1055
00:55:31,160 --> 00:55:33,920
Speaker 18: it's it's as much about the economy as well as

1056
00:55:33,680 --> 00:55:36,799
Speaker 18: as God Thumpson just said, you know, everybody's frustrated about

1057
00:55:36,800 --> 00:55:39,399
Speaker 18: what's happening here, and so that does tend to lead

1058
00:55:39,440 --> 00:55:42,120
Speaker 18: to more difficult relationships. Of course you know this. You

1059
00:55:42,160 --> 00:55:44,879
Speaker 18: know this is the story along the along thease lines

1060
00:55:44,880 --> 00:55:47,919
Speaker 18: all the time. So as the economy starts to pull

1061
00:55:47,920 --> 00:55:50,200
Speaker 18: out and then the green shoots are out there, everybody,

1062
00:55:50,239 --> 00:55:51,719
Speaker 18: I'm talking to you as a green shoot story to

1063
00:55:51,719 --> 00:55:54,360
Speaker 18: tell me you'd hope that that relationship will improve.

1064
00:55:54,440 --> 00:55:57,239
Speaker 2: Jack. It's interesting because the business community is saying you

1065
00:55:57,360 --> 00:56:00,520
Speaker 2: need to do more, but it's not exactly clear exactly

1066
00:56:00,920 --> 00:56:03,640
Speaker 2: what they want them to do differently, you know what

1067
00:56:03,680 --> 00:56:03,960
Speaker 2: I mean.

1068
00:56:04,640 --> 00:56:06,840
Speaker 20: Yeah, although I mean, having said, I think the feedback

1069
00:56:06,880 --> 00:56:09,480
Speaker 20: was pretty clear that there feels like there is a

1070
00:56:09,520 --> 00:56:13,000
Speaker 20: communication impart right. A lot of people felt like Christopher

1071
00:56:13,040 --> 00:56:16,680
Speaker 20: Luxen came to the job as Prime Minister boasting about

1072
00:56:16,680 --> 00:56:19,480
Speaker 20: his business credentials. I mean, he knows, you know, two

1073
00:56:19,560 --> 00:56:21,320
Speaker 20: thirds of the Sea Suite in New Zealand. So I

1074
00:56:21,360 --> 00:56:23,320
Speaker 20: think a lot of those people would have expected that

1075
00:56:23,520 --> 00:56:25,440
Speaker 20: have the ability to pick up the phone, have a

1076
00:56:25,520 --> 00:56:27,680
Speaker 20: yarn every now and then, not have them on seed

1077
00:56:27,719 --> 00:56:31,160
Speaker 20: down necessarily, but that their concerns and feedback would be

1078
00:56:31,200 --> 00:56:33,439
Speaker 20: taken on personally from the Prime Minister, and I think

1079
00:56:33,480 --> 00:56:35,719
Speaker 20: the sense you got from the results today was that

1080
00:56:36,000 --> 00:56:38,000
Speaker 20: in the eyes of some of the respondents, at least

1081
00:56:38,400 --> 00:56:41,080
Speaker 20: a meaningful number of them, that at least isn't their

1082
00:56:41,080 --> 00:56:44,360
Speaker 20: feedback At the moment. I've got to say, move the boardroom,

1083
00:56:44,480 --> 00:56:47,000
Speaker 20: just get better every year, but I feel like every

1084
00:56:47,080 --> 00:56:50,520
Speaker 20: year more the kind of insights that we're getting from

1085
00:56:50,600 --> 00:56:53,319
Speaker 20: the business community are richer, but are actually we can

1086
00:56:53,680 --> 00:56:56,759
Speaker 20: deleep A Fonseka and Business Desk had a great point

1087
00:56:56,760 --> 00:56:59,239
Speaker 20: in his analysis today, as he so often does, and

1088
00:56:59,280 --> 00:57:02,520
Speaker 20: that he said a lot of the frustration being expressed

1089
00:57:02,520 --> 00:57:06,880
Speaker 20: by the respondents wasn't so much directly about the government,

1090
00:57:07,160 --> 00:57:10,120
Speaker 20: but it was they felt that the government's relatively poor

1091
00:57:10,200 --> 00:57:14,279
Speaker 20: performance was making it more likely that a labor league

1092
00:57:14,280 --> 00:57:16,960
Speaker 20: government would be back in an eighteen months time, and

1093
00:57:17,000 --> 00:57:19,320
Speaker 20: that seemed to be a real kernel of frustration for

1094
00:57:19,400 --> 00:57:20,480
Speaker 20: many of the respondents.

1095
00:57:20,800 --> 00:57:23,120
Speaker 2: Hey, Phil, what did you make of the fact that

1096
00:57:23,160 --> 00:57:26,120
Speaker 2: we've got a or two I see at the Swedish

1097
00:57:26,200 --> 00:57:28,000
Speaker 2: Central Bank coming to head out.

1098
00:57:29,120 --> 00:57:29,320
Speaker 12: Yeah.

1099
00:57:29,400 --> 00:57:31,080
Speaker 18: I checked with some of my Swedish friends just a

1100
00:57:31,120 --> 00:57:34,080
Speaker 18: few hours ago, so you know what's the story? And

1101
00:57:34,120 --> 00:57:37,000
Speaker 18: I hear from them that she's highly regarded in Sweden,

1102
00:57:37,000 --> 00:57:39,560
Speaker 18: So that's very very good. The challenge, though, Ryan, is

1103
00:57:39,600 --> 00:57:42,520
Speaker 18: that Sweden is a very very different economy to New

1104
00:57:42,560 --> 00:57:45,080
Speaker 18: zual like really different. It's an the eew economy. It's

1105
00:57:45,200 --> 00:57:48,680
Speaker 18: much wealthier, it's got very different geopolitical stuff. You know,

1106
00:57:48,680 --> 00:57:51,040
Speaker 18: it doesn't have the same concentration on China in the

1107
00:57:51,040 --> 00:57:54,160
Speaker 18: specific that we do. It's a much less fragile economy.

1108
00:57:54,520 --> 00:57:57,920
Speaker 18: So as always with these overseas appointments, this is a

1109
00:57:57,920 --> 00:57:59,520
Speaker 18: bit of a thing that goes around Willington from time

1110
00:57:59,560 --> 00:58:02,040
Speaker 18: to time. They can often walk in as Superman and

1111
00:58:02,640 --> 00:58:05,120
Speaker 18: turn out to be Clark Kent, not because they're not

1112
00:58:05,200 --> 00:58:07,520
Speaker 18: because they're not very good personally, but because they just

1113
00:58:07,560 --> 00:58:09,280
Speaker 18: don't know what's going on in New Zealand. They don't

1114
00:58:09,320 --> 00:58:12,280
Speaker 18: know the people here. It's a small community here in

1115
00:58:12,280 --> 00:58:14,360
Speaker 18: the business, in the business world and the political world.

1116
00:58:14,680 --> 00:58:17,120
Speaker 18: So sometimes they don't go so well because of that.

1117
00:58:17,200 --> 00:58:21,000
Speaker 18: So what will be really important is for this new

1118
00:58:21,040 --> 00:58:22,640
Speaker 18: Reserve Bank governet to get out and talk to the

1119
00:58:22,640 --> 00:58:25,040
Speaker 18: business community, to talk to people, talk to community groups,

1120
00:58:25,360 --> 00:58:27,280
Speaker 18: really listen and then put in place a strong team

1121
00:58:27,320 --> 00:58:29,760
Speaker 18: around here. Given the fact the RBS you know, not

1122
00:58:29,880 --> 00:58:32,800
Speaker 18: going so well right now, get a good local team

1123
00:58:32,840 --> 00:58:35,000
Speaker 18: around here, and if she does that then there's a

1124
00:58:35,000 --> 00:58:37,920
Speaker 18: good chance she'll succeed. But clearly a signal from government

1125
00:58:38,320 --> 00:58:42,000
Speaker 18: that big change was necessary and they've executed that change,

1126
00:58:42,040 --> 00:58:42,680
Speaker 18: haven't they clearly.

1127
00:58:42,840 --> 00:58:45,080
Speaker 2: Yeah, a bit of a new dawn for the Reserve Bank, hopefully,

1128
00:58:45,200 --> 00:58:46,919
Speaker 2: Jack the main thing to get your head around, of course,

1129
00:58:46,960 --> 00:58:49,480
Speaker 2: it's just the housing market. We're into it, we love it,

1130
00:58:49,600 --> 00:58:50,280
Speaker 2: don't mess with it.

1131
00:58:51,480 --> 00:58:53,600
Speaker 17: Yeah, Yeah, I just think so.

1132
00:58:54,520 --> 00:58:57,360
Speaker 20: Although Ryan, I think I think it's important to point

1133
00:58:57,360 --> 00:58:59,600
Speaker 20: out that, of course the Reserve Band Governor now sits

1134
00:58:59,600 --> 00:59:01,760
Speaker 20: on a month try policy committee, so it's not like

1135
00:59:01,800 --> 00:59:04,960
Speaker 20: that one person is a bizarre siding where the ocr

1136
00:59:05,000 --> 00:59:07,680
Speaker 20: should be sitting. I think too that if she can

1137
00:59:07,720 --> 00:59:09,560
Speaker 20: do one thing, and from what I've read of her

1138
00:59:09,600 --> 00:59:12,080
Speaker 20: reputation today, it suggests that she might be well well

1139
00:59:12,080 --> 00:59:16,120
Speaker 20: placed to do this, it's just to improve perceptions around transparency.

1140
00:59:16,840 --> 00:59:18,840
Speaker 20: I just think the last seven months or so that

1141
00:59:18,920 --> 00:59:22,240
Speaker 20: the bank's reputations has taken a real hit with Adrianaw's

1142
00:59:22,280 --> 00:59:25,400
Speaker 20: departure and the handling of that departure, I think it's

1143
00:59:25,440 --> 00:59:27,160
Speaker 20: I think it's been really damaging and if she can

1144
00:59:27,200 --> 00:59:29,640
Speaker 20: come in steady the ship and say from the word

1145
00:59:29,720 --> 00:59:32,160
Speaker 20: go and prove from the word go, you know, really

1146
00:59:32,160 --> 00:59:34,200
Speaker 20: show it to people who watch the bank's movement that

1147
00:59:34,280 --> 00:59:37,760
Speaker 20: she's utterly committed to transparency. I think that'll restore a

1148
00:59:37,760 --> 00:59:38,600
Speaker 20: lot of the confidence.

1149
00:59:38,600 --> 00:59:43,120
Speaker 2: The film, the Monetary Policy Committee, and you know, the Fed,

1150
00:59:44,000 --> 00:59:47,800
Speaker 2: the Bank of England, the Central Bank in Sweden, they

1151
00:59:47,880 --> 00:59:51,640
Speaker 2: all publish and say which way the members voted, and

1152
00:59:51,680 --> 00:59:54,720
Speaker 2: even in Sweden they tell you the justification for the

1153
00:59:54,720 --> 00:59:57,000
Speaker 2: way they voted too. Would you like to see something

1154
00:59:57,040 --> 00:59:57,480
Speaker 2: like that here?

1155
00:59:57,960 --> 00:59:59,680
Speaker 18: Yep. I think it's a good idea, and I read

1156
00:59:59,720 --> 01:00:01,560
Speaker 18: that in two and I thought there's something to that.

1157
01:00:01,880 --> 01:00:04,000
Speaker 18: It can be a bit scary because we're a small

1158
01:00:04,160 --> 01:00:07,680
Speaker 18: society and a bit passive aggressive, aren't we, as kiwis,

1159
01:00:07,720 --> 01:00:09,960
Speaker 18: and so maybe we don't want to know how Dave voted,

1160
01:00:10,040 --> 01:00:12,160
Speaker 18: or Dave's a bit uncomfortable about that. But that's the

1161
01:00:12,360 --> 01:00:15,960
Speaker 18: very point that's being made. I think we should do that.

1162
01:00:15,960 --> 01:00:18,960
Speaker 18: That's actually the very thing to get people debating and

1163
01:00:19,000 --> 01:00:21,440
Speaker 18: to make sure that everybody understands what's going on. She

1164
01:00:21,520 --> 01:00:24,520
Speaker 18: also is quoted in some of the studies she's done,

1165
01:00:24,560 --> 01:00:27,919
Speaker 18: some of the speeches she's done on publishing all turnate scenarios.

1166
01:00:28,320 --> 01:00:30,760
Speaker 18: Here's what we're doing, Here's what we could have done.

1167
01:00:30,880 --> 01:00:33,440
Speaker 18: That's another really good way of getting people to understand

1168
01:00:33,760 --> 01:00:35,600
Speaker 18: why the Reserve Bank would be doing what it's doing

1169
01:00:35,600 --> 01:00:37,200
Speaker 18: and why it didn't get down other tracks that people

1170
01:00:37,280 --> 01:00:40,640
Speaker 18: might argue for. So I think that kind of pretty

1171
01:00:40,680 --> 01:00:44,320
Speaker 18: clear transparency will be quite important and will actually help

1172
01:00:44,360 --> 01:00:46,440
Speaker 18: her a heck of a lot because it'll enable people

1173
01:00:46,480 --> 01:00:49,880
Speaker 18: to engage with her and to make sure that she

1174
01:00:49,960 --> 01:00:52,120
Speaker 18: understands the New Zealand realities fell and Jack.

1175
01:00:52,000 --> 01:00:54,880
Speaker 2: On the huddle tonight fourteen to six, Back in a jiffy.

1176
01:00:57,120 --> 01:01:00,480
Speaker 1: The Huddle with New Zealand Southeby's International Real Time, the

1177
01:01:00,520 --> 01:01:02,480
Speaker 1: global leader in luxury real.

1178
01:01:02,440 --> 01:01:05,120
Speaker 2: Estate, Welcome back eleven to six. On news Talks, there'd

1179
01:01:05,120 --> 01:01:07,920
Speaker 2: be fellow Riley and Jack tam on the huddle tonight,

1180
01:01:08,280 --> 01:01:12,000
Speaker 2: Guys Tory Faro or Typhoon Tory as some call her.

1181
01:01:12,280 --> 01:01:15,280
Speaker 2: She's talking about not being finished with Wellington yet, Jack

1182
01:01:15,800 --> 01:01:19,320
Speaker 2: potentially going to run for national politics. I know she

1183
01:01:19,400 --> 01:01:23,680
Speaker 2: said this indicated this potentially before. What do you reckon

1184
01:01:23,720 --> 01:01:26,160
Speaker 2: The Greens actually think of that?

1185
01:01:26,960 --> 01:01:29,480
Speaker 20: Well, I think internally in the Greens, my understanding of

1186
01:01:29,560 --> 01:01:32,840
Speaker 20: Tory Fano has really strong relationships and that when she

1187
01:01:33,000 --> 01:01:35,320
Speaker 20: was chief of staff, a lot of MP thought she

1188
01:01:35,360 --> 01:01:38,640
Speaker 20: did a really really good job. Now I'm not suggesting

1189
01:01:38,680 --> 01:01:42,400
Speaker 20: for a moment that Tory Faro might enjoy nationwide levels

1190
01:01:42,440 --> 01:01:44,440
Speaker 20: of support if she does decide to go down the

1191
01:01:44,560 --> 01:01:49,280
Speaker 20: central government path. But I think it's perfectly conceivable that

1192
01:01:49,440 --> 01:01:51,800
Speaker 20: if in years to come she decides to stand as

1193
01:01:51,800 --> 01:01:54,000
Speaker 20: a Green MP, that she would find herself in Parliament.

1194
01:01:54,080 --> 01:01:56,600
Speaker 20: I don't think it's that crazy ideas, Okay.

1195
01:01:56,720 --> 01:01:59,240
Speaker 2: Even though you know when you point to Wellington and

1196
01:01:59,280 --> 01:02:02,919
Speaker 2: say that's you know, that's that'ssique whether or not.

1197
01:02:02,840 --> 01:02:04,400
Speaker 20: She would whether or not she would win a seat

1198
01:02:04,440 --> 01:02:06,520
Speaker 20: in Wellington if she would have stand as the Wellington

1199
01:02:06,600 --> 01:02:08,960
Speaker 20: central candidate, so that all the high candidate, that might

1200
01:02:09,000 --> 01:02:11,479
Speaker 20: be a different question entirely. But I think I think

1201
01:02:13,040 --> 01:02:18,080
Speaker 20: from my understanding, her reputation from her time as a

1202
01:02:18,160 --> 01:02:21,600
Speaker 20: chief of staff for the Green Party is pretty strong,

1203
01:02:21,800 --> 01:02:24,160
Speaker 20: at least in that party. So I can see that

1204
01:02:24,280 --> 01:02:27,320
Speaker 20: having the support internally to get a relatively high position

1205
01:02:27,360 --> 01:02:30,080
Speaker 20: on the list ten years to come. And you know,

1206
01:02:30,360 --> 01:02:32,800
Speaker 20: central government is quite different to local government. So if

1207
01:02:32,880 --> 01:02:35,640
Speaker 20: you know Tory decides that she wants to stay in politics,

1208
01:02:35,640 --> 01:02:37,520
Speaker 20: and I can see at the very least her having

1209
01:02:37,560 --> 01:02:40,600
Speaker 20: sufficient support from within the Greens to maybe make that.

1210
01:02:40,760 --> 01:02:42,959
Speaker 2: Really they need a chief of staff actually at the moment,

1211
01:02:43,000 --> 01:02:46,600
Speaker 2: maybe she could pose you on back of the well,

1212
01:02:46,680 --> 01:02:49,560
Speaker 2: what do you make exactly what do you make? Phil

1213
01:02:49,640 --> 01:02:53,320
Speaker 2: of the car parks? This idea that we kiwis would

1214
01:02:53,360 --> 01:02:55,600
Speaker 2: have to pay as well as the overseas tourist to

1215
01:02:55,680 --> 01:02:57,840
Speaker 2: park at you know, some Mount Cock some of our

1216
01:02:57,920 --> 01:03:00,240
Speaker 2: national parks, Well, can.

1217
01:03:00,120 --> 01:03:01,680
Speaker 18: You go to send me the story? This afternoon I

1218
01:03:01,720 --> 01:03:04,200
Speaker 18: went into the newspaper and look at it. I thought,

1219
01:03:04,760 --> 01:03:07,840
Speaker 18: why are we even baiting that? Why can't Doc charge

1220
01:03:07,840 --> 01:03:09,920
Speaker 18: you to park in a car pack, particularly when it's

1221
01:03:09,920 --> 01:03:11,520
Speaker 18: a very busy car park and a lot of people

1222
01:03:11,520 --> 01:03:14,439
Speaker 18: want to go there. We parked to go to a shop,

1223
01:03:14,560 --> 01:03:17,200
Speaker 18: or we parked it. It's this idea that somehow the

1224
01:03:17,240 --> 01:03:19,720
Speaker 18: Department of Conservation is some god given thing that we

1225
01:03:19,760 --> 01:03:22,600
Speaker 18: all get for free is ridiculous. It's a very very

1226
01:03:23,120 --> 01:03:25,920
Speaker 18: sixties and seventies thought. Doc's got to pay for itself,

1227
01:03:25,960 --> 01:03:27,720
Speaker 18: and it's going to kind of just after the tax

1228
01:03:27,800 --> 01:03:31,600
Speaker 18: payer do that more, particularly locals getting cheap parking. And

1229
01:03:31,640 --> 01:03:33,440
Speaker 18: I'm going to fly all the way down there. I

1230
01:03:33,480 --> 01:03:36,040
Speaker 18: don't get advantage of Mount Cooked very easily, so why

1231
01:03:36,080 --> 01:03:37,840
Speaker 18: not Why don't we have a good bit of user

1232
01:03:37,880 --> 01:03:40,720
Speaker 18: pays here? I agree, and should doc should do more

1233
01:03:40,760 --> 01:03:42,200
Speaker 18: of it, not less my view.

1234
01:03:42,400 --> 01:03:45,240
Speaker 2: Yeah, because we do complain when the tracks aren't fixed

1235
01:03:45,280 --> 01:03:47,320
Speaker 2: after a storm, and it's like, well, where do you

1236
01:03:47,360 --> 01:03:51,320
Speaker 2: think that's coming from? So yeahcously, Yeah, Jack.

1237
01:03:51,360 --> 01:03:51,880
Speaker 12: You have a view.

1238
01:03:52,560 --> 01:03:54,919
Speaker 20: There's a balance to be had, right, Like I think

1239
01:03:54,960 --> 01:03:57,800
Speaker 20: for somewhere like oh lucky Mount Cook, it's a perfectly

1240
01:03:57,840 --> 01:03:59,680
Speaker 20: reasonable thing to give it a crack, Like it's I mean,

1241
01:03:59,720 --> 01:04:01,240
Speaker 20: you're to go there, if you go in there right

1242
01:04:01,720 --> 01:04:03,960
Speaker 20: to Mount Cook, it's not really on the way to anywhere,

1243
01:04:04,080 --> 01:04:06,880
Speaker 20: and you know, the facilities are very expensive to maintain,

1244
01:04:06,960 --> 01:04:08,840
Speaker 20: so I think it's a perfectly reasonable idea to give

1245
01:04:08,840 --> 01:04:10,800
Speaker 20: that a crack. Where I think it would overstep the

1246
01:04:10,920 --> 01:04:15,560
Speaker 20: line is if we saw charges for entering every national

1247
01:04:15,560 --> 01:04:18,920
Speaker 20: park in the country, or you know, every dock car

1248
01:04:19,000 --> 01:04:21,000
Speaker 20: park in the country, so that we got to a

1249
01:04:21,000 --> 01:04:24,000
Speaker 20: point where New Zealanders decided, actually they wouldn't get out

1250
01:04:24,000 --> 01:04:25,680
Speaker 20: into nature quite so much. I think that would be

1251
01:04:25,720 --> 01:04:27,800
Speaker 20: a bit of an issue. But for big ticket destination

1252
01:04:27,920 --> 01:04:31,400
Speaker 20: spots like Alducky. Yeah, give it a crack. See outgoes Jack.

1253
01:04:31,240 --> 01:04:33,520
Speaker 2: Tame Fellow Riley on the huddle. Cheers guys. It is

1254
01:04:33,560 --> 01:04:35,720
Speaker 2: eight minutes away from six News Talks MB.

1255
01:04:36,720 --> 01:04:40,200
Speaker 1: It's the Heather Dupless Allen Drive Full Show podcast on

1256
01:04:40,440 --> 01:04:42,960
Speaker 1: my Heart Radio powered by NEWSTALKSB.

1257
01:04:44,360 --> 01:04:46,880
Speaker 2: Iive away from six News Talks MB after six we're

1258
01:04:46,920 --> 01:04:49,400
Speaker 2: going to talk two degrees and they I mean, they're

1259
01:04:49,440 --> 01:04:51,480
Speaker 2: not a listed company. They're making a hell of a

1260
01:04:51,520 --> 01:04:54,120
Speaker 2: lot of money, well revenue, I should say, so we'll

1261
01:04:54,160 --> 01:04:57,400
Speaker 2: talk about that. And they're push to sort of get

1262
01:04:57,480 --> 01:05:00,440
Speaker 2: more of the market, which is a successful straate for

1263
01:05:00,480 --> 01:05:03,840
Speaker 2: them at the moment, and also getting some really big clients,

1264
01:05:04,120 --> 01:05:06,360
Speaker 2: big end of town customers as well, which is great

1265
01:05:06,400 --> 01:05:09,760
Speaker 2: for them. Fergie, now you might there was a time

1266
01:05:09,800 --> 01:05:14,240
Speaker 2: where everyone said, oh, poor Sarah Ferguson, Duchess of York.

1267
01:05:14,840 --> 01:05:17,560
Speaker 2: Although if you remember this ad from I think it

1268
01:05:17,600 --> 01:05:19,920
Speaker 2: was the late nineties, early two thousands, that was Duchess

1269
01:05:19,960 --> 01:05:20,360
Speaker 2: of Pork.

1270
01:05:21,040 --> 01:05:23,760
Speaker 25: It's harder than having a thinner mother. It's harder than

1271
01:05:23,760 --> 01:05:26,280
Speaker 25: men called the Duchess of Cork. It's the hardest thing

1272
01:05:26,320 --> 01:05:28,640
Speaker 25: in the world staying on a diet. It makes the

1273
01:05:28,680 --> 01:05:31,880
Speaker 25: hardest thing in the world not easier. One tis three,

1274
01:05:32,000 --> 01:05:32,880
Speaker 25: it's working for me.

1275
01:05:33,800 --> 01:05:36,720
Speaker 2: So she's going down one more time. I mean, how

1276
01:05:36,760 --> 01:05:39,480
Speaker 2: many times can you trip and get back up again?

1277
01:05:39,520 --> 01:05:43,040
Speaker 2: But she's going down in a big, burning ginger ball

1278
01:05:43,080 --> 01:05:46,880
Speaker 2: of flames. This is over Epstein and the emails, And

1279
01:05:46,960 --> 01:05:50,000
Speaker 2: the problem with this one is that she's misled the public,

1280
01:05:50,000 --> 01:05:51,840
Speaker 2: the British public, and they don't like that, and the

1281
01:05:51,880 --> 01:05:54,800
Speaker 2: tabloids are onto it, as you can imagine. So she's

1282
01:05:54,880 --> 01:05:59,320
Speaker 2: now come out and said because initially no, no, not

1283
01:05:59,360 --> 01:06:01,560
Speaker 2: a friend of mine, and then the emails came out

1284
01:06:01,560 --> 01:06:05,000
Speaker 2: when she said, you're a dear friend Jeffrey Epstein, even

1285
01:06:05,040 --> 01:06:07,439
Speaker 2: that this is after he was convicted of pedophilia, blah

1286
01:06:07,480 --> 01:06:12,720
Speaker 2: blah blah. So the latest she is now saying when

1287
01:06:12,760 --> 01:06:15,240
Speaker 2: she referred to him as a supreme friend, it came

1288
01:06:15,360 --> 01:06:19,560
Speaker 2: after a phone call in which he was really menacing,

1289
01:06:19,720 --> 01:06:25,400
Speaker 2: used a nasty voice, which she compared to hanniballect that

1290
01:06:25,720 --> 01:06:28,760
Speaker 2: justified her sending an email. Basically, she was so scared

1291
01:06:28,760 --> 01:06:30,360
Speaker 2: she had to send him an email to say you're

1292
01:06:30,400 --> 01:06:34,600
Speaker 2: my dear friend, please please, and then publicly said no,

1293
01:06:34,880 --> 01:06:36,919
Speaker 2: he's a pedophile. And I'll have nothing to do with him,

1294
01:06:36,920 --> 01:06:39,280
Speaker 2: so anyway, she's in a bit of trouble. The old

1295
01:06:39,360 --> 01:06:43,880
Speaker 2: Duchess of Port York forgive me three minutes away from

1296
01:06:44,160 --> 01:07:01,400
Speaker 2: six to said, being close.

1297
01:07:01,240 --> 01:07:05,240
Speaker 1: To keeping track of where the money is flowing. The

1298
01:07:05,480 --> 01:07:10,600
Speaker 1: Business Hour with Ryan Bridge and mass for insurance Investments

1299
01:07:10,680 --> 01:07:14,280
Speaker 1: and Jewey Safer you're in good as news talks'd.

1300
01:07:13,880 --> 01:07:15,960
Speaker 2: Be seven half and sixth grade to have your company.

1301
01:07:16,000 --> 01:07:19,280
Speaker 2: This evening we'll look ahead to Treasury's forty year forecast.

1302
01:07:19,360 --> 01:07:21,240
Speaker 2: This is with Brad Olson in a second also the

1303
01:07:21,360 --> 01:07:24,280
Speaker 2: new Reserve Bank Governor Milford on a potential for an

1304
01:07:24,360 --> 01:07:27,360
Speaker 2: AI bubble, Is it real? Is it happening or not.

1305
01:07:27,680 --> 01:07:30,200
Speaker 2: We'll also talk to Mark Calender, two degree TV executive

1306
01:07:30,240 --> 01:07:32,840
Speaker 2: and UK correspondent Gavin Gray. Before top of the arm,

1307
01:07:33,320 --> 01:07:37,000
Speaker 2: Ryan Bridge Choosury sounding of warning bells over our public

1308
01:07:37,080 --> 01:07:40,400
Speaker 2: finances and its long term fiscal forecast today. This is

1309
01:07:40,480 --> 01:07:44,120
Speaker 2: their sixth edition. If the government made no changes to

1310
01:07:44,280 --> 01:07:48,000
Speaker 2: current settings, net core Crown debt would hit two hundred

1311
01:07:48,040 --> 01:07:51,280
Speaker 2: percent of GDP by twenty sixty five. That's largely down

1312
01:07:51,320 --> 01:07:55,480
Speaker 2: to the aging population, health costs, record levels of government spending.

1313
01:07:55,560 --> 01:07:59,600
Speaker 2: Brad Olsen Infametric's principal economists with us Hey Brad good Evening.

1314
01:08:00,120 --> 01:08:04,360
Speaker 2: So it's interesting that some things they have in the

1315
01:08:04,680 --> 01:08:08,880
Speaker 2: most recent reports sort of overestimated or underestimated. One of

1316
01:08:08,920 --> 01:08:13,120
Speaker 2: those was the impact of migration on those super costs.

1317
01:08:14,520 --> 01:08:17,559
Speaker 26: Yes, that's right, although realistically, when you look through the numbers,

1318
01:08:17,600 --> 01:08:20,080
Speaker 26: you've still got some pretty ugly challenges coming up for

1319
01:08:20,200 --> 01:08:22,960
Speaker 26: the country when it comes to the cost of everything.

1320
01:08:23,040 --> 01:08:24,840
Speaker 26: And I guess look, the worry a little bit is

1321
01:08:24,920 --> 01:08:27,280
Speaker 26: that we've had these warnings before. We had something very

1322
01:08:27,320 --> 01:08:30,720
Speaker 26: similar from the Treasury four years ago in twenty twenty one.

1323
01:08:31,400 --> 01:08:34,280
Speaker 26: And realistically, I think what the Treasury is continuing to

1324
01:08:34,360 --> 01:08:36,880
Speaker 26: highlight is that there's a lot of big challenges in

1325
01:08:36,960 --> 01:08:39,280
Speaker 26: front of us. We don't have to solve them all tomorrow,

1326
01:08:39,400 --> 01:08:41,800
Speaker 26: but we really do have to start sometime soon to

1327
01:08:41,880 --> 01:08:44,960
Speaker 26: get us out of what looks like a very unsustainable

1328
01:08:45,000 --> 01:08:46,080
Speaker 26: pathway going forward.

1329
01:08:46,160 --> 01:08:48,200
Speaker 2: But and here's the biggest kicker for me.

1330
01:08:48,760 --> 01:08:52,200
Speaker 26: You can't do any one thing and it will magically

1331
01:08:52,320 --> 01:08:54,599
Speaker 26: solve our sort of fiscal challenges. There's a lot that's

1332
01:08:54,600 --> 01:08:57,360
Speaker 26: going to have to happen that will be unpalatable to

1333
01:08:57,479 --> 01:09:00,640
Speaker 26: politicians across the political spectrum, But by god, we've got

1334
01:09:00,720 --> 01:09:01,439
Speaker 26: to start soon.

1335
01:09:02,080 --> 01:09:04,680
Speaker 2: Isn't every country and would they not be getting the

1336
01:09:04,760 --> 01:09:05,360
Speaker 2: same report?

1337
01:09:06,720 --> 01:09:09,360
Speaker 26: Oh, they probably are getting the same report, But again

1338
01:09:09,920 --> 01:09:12,360
Speaker 26: I think probably for New Zealand when we're looking at

1339
01:09:12,400 --> 01:09:15,280
Speaker 26: some of these factors, we know that and Treasury has

1340
01:09:15,320 --> 01:09:18,240
Speaker 26: highlighted this in their analysis, that we continue to have

1341
01:09:18,360 --> 01:09:21,120
Speaker 26: to pay something like ten percent of GDP every decade

1342
01:09:21,200 --> 01:09:24,040
Speaker 26: for the various economic crises that come up. Yes, other

1343
01:09:24,120 --> 01:09:26,719
Speaker 26: countries have also got to pay for that, but Trusury

1344
01:09:26,800 --> 01:09:30,559
Speaker 26: is now highlighting that considering where debt actually is more

1345
01:09:30,600 --> 01:09:34,640
Speaker 26: around forty three percent of GDP that originally expected if

1346
01:09:34,680 --> 01:09:36,920
Speaker 26: you go back in time, that we'd currently be sitting

1347
01:09:36,920 --> 01:09:39,600
Speaker 26: around twenty three percent. So we've eroded our savings and

1348
01:09:39,680 --> 01:09:42,640
Speaker 26: buffers for stuff. Yes, other countries are also wearing it,

1349
01:09:42,800 --> 01:09:45,360
Speaker 26: but again we've sort of got a look after ourselves

1350
01:09:45,439 --> 01:09:47,400
Speaker 26: start with, and at the moment we're not on a

1351
01:09:47,439 --> 01:09:48,360
Speaker 26: sustainable path.

1352
01:09:48,760 --> 01:09:51,719
Speaker 2: What did you make of ann A Bremen the appointment

1353
01:09:51,840 --> 01:09:54,960
Speaker 2: of the two ic to the Central Bank in Sweden

1354
01:09:55,080 --> 01:09:59,559
Speaker 2: being appointed to head our Reserve bank from December. Look,

1355
01:09:59,600 --> 01:10:02,200
Speaker 2: I thought it very smart, pragmatic appointment.

1356
01:10:03,080 --> 01:10:07,240
Speaker 26: She has, of course a PhD in economics from Stockholm University.

1357
01:10:07,760 --> 01:10:11,679
Speaker 26: You know, she's got the ability the nolse to take

1358
01:10:11,760 --> 01:10:15,120
Speaker 26: on board the challenge that is a central bank, and

1359
01:10:15,200 --> 01:10:17,560
Speaker 26: I think importantly when she was asked around what she

1360
01:10:17,680 --> 01:10:19,400
Speaker 26: wants to do, what she's going to do in the role,

1361
01:10:19,800 --> 01:10:23,040
Speaker 26: her immediate first answer was I need to keep a

1362
01:10:23,120 --> 01:10:26,200
Speaker 26: laser focus on in fation and keeping that low and stable.

1363
01:10:26,479 --> 01:10:28,240
Speaker 12: And that was exactly what we needed to hear.

1364
01:10:28,320 --> 01:10:31,000
Speaker 26: But it was reassuring that that really is that the

1365
01:10:31,240 --> 01:10:35,360
Speaker 26: immediate focus for the Reserve Bank governor coming in. Of course,

1366
01:10:35,760 --> 01:10:40,160
Speaker 26: she does come in after the last monetary policy announcement

1367
01:10:40,280 --> 01:10:42,960
Speaker 26: for the year, so she'll only be starting to assist

1368
01:10:43,320 --> 01:10:46,040
Speaker 26: or be part of those interest rate setting discussions from

1369
01:10:46,520 --> 01:10:50,439
Speaker 26: February twenty twenty six. It does sort of suggest that, look,

1370
01:10:50,479 --> 01:10:53,040
Speaker 26: we've got a few interest rate cuts that are likely

1371
01:10:53,120 --> 01:10:55,240
Speaker 26: to come through before she takes up her appointment, but

1372
01:10:55,720 --> 01:10:58,519
Speaker 26: does give, I guess, give her the summer time to

1373
01:10:58,600 --> 01:11:00,200
Speaker 26: get her head around sort of where the news here

1374
01:11:00,240 --> 01:11:03,240
Speaker 26: and economy sitting, and hopefully hit the ground running as

1375
01:11:03,280 --> 01:11:05,680
Speaker 26: we head into the new year with some pretty big

1376
01:11:05,760 --> 01:11:07,320
Speaker 26: challenges and a lot of uncertainty.

1377
01:11:07,360 --> 01:11:10,640
Speaker 2: Still, yeah, it's conceivable that her first vote might be

1378
01:11:10,880 --> 01:11:14,000
Speaker 2: to hold if all the cutting is done this year

1379
01:11:14,200 --> 01:11:19,439
Speaker 2: out of come February next years. Yeah, that's exactly right.

1380
01:11:19,479 --> 01:11:21,479
Speaker 26: And I think I mean one thing though, and that's

1381
01:11:21,479 --> 01:11:23,240
Speaker 26: why it might be important to have her on board

1382
01:11:23,320 --> 01:11:26,040
Speaker 26: for that first discussion of a hold is because she's

1383
01:11:26,080 --> 01:11:28,479
Speaker 26: been pretty clear, not only today but actually in a

1384
01:11:28,520 --> 01:11:31,679
Speaker 26: lot of her analysis that she's done in her current

1385
01:11:31,760 --> 01:11:35,080
Speaker 26: role around the importance of transparency from central banks and

1386
01:11:35,200 --> 01:11:37,760
Speaker 26: that Look, there's a lot of uncertainty and challenge out there,

1387
01:11:37,800 --> 01:11:40,360
Speaker 26: but central banks have got to communicate well with the public.

1388
01:11:40,400 --> 01:11:43,479
Speaker 26: They've got to communicate well with financial markets about all

1389
01:11:43,520 --> 01:11:46,200
Speaker 26: of those tricky things. And I think again that focus,

1390
01:11:46,280 --> 01:11:49,400
Speaker 26: alongside what she's saying around inflation, they're very much striking

1391
01:11:49,439 --> 01:11:51,120
Speaker 26: the right tone so early in the piece.

1392
01:11:51,320 --> 01:11:55,240
Speaker 2: Yeah, absolutely, Brad appreciate that. Brad Olson Informetric's principal economist

1393
01:11:55,280 --> 01:11:57,280
Speaker 2: with us tonight, eleven minutes after six. I'm just looking

1394
01:11:57,320 --> 01:12:02,040
Speaker 2: at the Prime Minister on TV and actually the TV

1395
01:12:02,160 --> 01:12:03,880
Speaker 2: one is doing the mood of the boardroom, which would

1396
01:12:03,880 --> 01:12:05,640
Speaker 2: be great. The hero will be happy with that, and

1397
01:12:05,960 --> 01:12:07,640
Speaker 2: so they should be. But I'm just looking at it

1398
01:12:07,680 --> 01:12:11,040
Speaker 2: on the TV and I'm just thinking about the high

1399
01:12:11,160 --> 01:12:15,559
Speaker 2: vis issue. You know if and just Cindra Doom was terrible.

1400
01:12:15,760 --> 01:12:18,519
Speaker 2: They're all as bad as each other. Actually, they're all terrible.

1401
01:12:18,640 --> 01:12:21,360
Speaker 2: And the ANIMA. Every time it rains, they put ANIMA

1402
01:12:21,439 --> 01:12:24,879
Speaker 2: coach a jacket on, you know, the National Emergency Management Agency.

1403
01:12:25,720 --> 01:12:28,760
Speaker 2: But do you is it a requirement that you have

1404
01:12:28,960 --> 01:12:31,920
Speaker 2: to have a high vis on whenever you go in

1405
01:12:32,000 --> 01:12:35,960
Speaker 2: front of a television camera or is it a requirement

1406
01:12:36,080 --> 01:12:39,240
Speaker 2: because it's actually a safety issue. I don't know. If

1407
01:12:39,320 --> 01:12:42,400
Speaker 2: I was a politician, I'd do the Winston That's how

1408
01:12:42,479 --> 01:12:45,880
Speaker 2: I would handle it. I'd be like, is this completely necessary?

1409
01:12:46,360 --> 01:12:48,800
Speaker 2: Can we do it outside? Because I don't want to look.

1410
01:12:48,840 --> 01:12:51,479
Speaker 2: I don't want to wear a hard hat and high

1411
01:12:51,600 --> 01:12:56,280
Speaker 2: vers and gum boots and roll up my sleeves and

1412
01:12:56,800 --> 01:13:00,880
Speaker 2: people know it's fake. You know, That's what I wouldn't want.

1413
01:13:00,960 --> 01:13:03,160
Speaker 2: Twelve after six it's.

1414
01:13:03,080 --> 01:13:07,280
Speaker 1: The Heather dupas Allen Drive Full Show podcast on iHeart Radio,

1415
01:13:07,400 --> 01:13:08,439
Speaker 1: empowered by News.

1416
01:13:08,360 --> 01:13:12,559
Speaker 2: Talks EBB News TALKSB. It is quarter past six. Ryan

1417
01:13:12,720 --> 01:13:15,000
Speaker 2: a very good point about the high vers carry on

1418
01:13:15,120 --> 01:13:16,920
Speaker 2: with all of the politicians, and they're wearing the gun

1419
01:13:17,000 --> 01:13:18,720
Speaker 2: boots when they're on the farm, even if there's no

1420
01:13:18,840 --> 01:13:22,160
Speaker 2: mud underfoot. Plus they all and this is from Malcolm, Malcolm,

1421
01:13:22,160 --> 01:13:24,880
Speaker 2: it's you make a great point. He said, they always

1422
01:13:24,920 --> 01:13:27,880
Speaker 2: seem to be brand new, which is true. If you

1423
01:13:28,000 --> 01:13:29,840
Speaker 2: look at the high vers vest and you look at

1424
01:13:29,880 --> 01:13:32,760
Speaker 2: the safety goggles, they're always brand new, like they've just

1425
01:13:32,880 --> 01:13:37,080
Speaker 2: been purchased for this particular press conference, in which case

1426
01:13:37,160 --> 01:13:40,280
Speaker 2: the whole thing's a wasted money too. Brian Bridge, Right,

1427
01:13:40,360 --> 01:13:44,639
Speaker 2: we've got to Andrew Curtain, Milford Asset Management. Andrew. Good evening, Mary,

1428
01:13:44,760 --> 01:13:45,800
Speaker 2: how are you very well?

1429
01:13:45,920 --> 01:13:46,200
Speaker 12: Thank you.

1430
01:13:47,080 --> 01:13:49,720
Speaker 2: We've been watching the tech stocks, We've been watching the

1431
01:13:49,880 --> 01:13:53,439
Speaker 2: AI stocks leading this market higher and higher over in

1432
01:13:53,520 --> 01:13:57,200
Speaker 2: the US. What's the latest investors? You know, what companies

1433
01:13:57,240 --> 01:13:59,320
Speaker 2: have you been looking at? What are investors focused on?

1434
01:14:01,120 --> 01:14:03,880
Speaker 27: You know, they really continued to rally pretty much each

1435
01:14:03,960 --> 01:14:06,880
Speaker 27: month you see them higher. There's been over the last

1436
01:14:07,000 --> 01:14:08,840
Speaker 27: a few weeks. There's been a number of key pieces

1437
01:14:08,880 --> 01:14:11,160
Speaker 27: of a news couple of its result based. You had

1438
01:14:11,160 --> 01:14:15,280
Speaker 27: two large companies, one called Oracle that people will be

1439
01:14:15,320 --> 01:14:18,280
Speaker 27: familiar with Larry Allison sort of the key key shareholder

1440
01:14:18,320 --> 01:14:18,519
Speaker 27: on that.

1441
01:14:18,600 --> 01:14:22,160
Speaker 28: Stop that had an incredible result where they announced three

1442
01:14:22,320 --> 01:14:26,759
Speaker 28: hundred billion dollars of new contracts for AI cloud services.

1443
01:14:27,280 --> 01:14:30,760
Speaker 28: That's just like ridiculously big numbers, which yeah, I think

1444
01:14:30,800 --> 01:14:33,200
Speaker 28: the chef hace rallied over thirty percent on that one

1445
01:14:33,280 --> 01:14:36,000
Speaker 28: day alone, put Oracle into a round about the top

1446
01:14:36,080 --> 01:14:39,479
Speaker 28: ten largest companies in the US, and Larry Allison himself

1447
01:14:39,640 --> 01:14:42,240
Speaker 28: owns about forty five percent of that business, so I

1448
01:14:42,320 --> 01:14:45,880
Speaker 28: think very shortly went past Elon Musk as the richest

1449
01:14:45,920 --> 01:14:46,519
Speaker 28: man in the world.

1450
01:14:46,680 --> 01:14:48,880
Speaker 27: So yeah, fantastic performance from that business.

1451
01:14:49,240 --> 01:14:53,479
Speaker 28: Another company called Broadcom, which which sells chips which largely

1452
01:14:53,560 --> 01:14:57,400
Speaker 28: compete with Navidia, has also had a strong results and

1453
01:14:57,479 --> 01:15:01,200
Speaker 28: upgraded numbers, and amongst most other pieces of news, Google

1454
01:15:01,280 --> 01:15:03,519
Speaker 28: sort of getting it's kind of in its mojo going

1455
01:15:03,600 --> 01:15:06,920
Speaker 28: with Gemini, which is its AI product, and that's getting

1456
01:15:06,960 --> 01:15:07,759
Speaker 28: a lot of tensions.

1457
01:15:07,800 --> 01:15:09,400
Speaker 27: So share Place has been doing well there.

1458
01:15:10,000 --> 01:15:13,040
Speaker 28: And then just two days ago in the video made

1459
01:15:13,040 --> 01:15:15,360
Speaker 28: an announcement that they were going to invest one hundred

1460
01:15:15,360 --> 01:15:18,840
Speaker 28: billion dollars in open Ai, which is the company that

1461
01:15:18,880 --> 01:15:22,879
Speaker 28: owns ch GPT, and that got the market pretty excited

1462
01:15:23,000 --> 01:15:25,280
Speaker 28: and n Video shares about three or four percent.

1463
01:15:25,040 --> 01:15:29,880
Speaker 2: On that is the worry that you've got huge investments

1464
01:15:30,200 --> 01:15:32,200
Speaker 2: some of these companies and then one will invest in

1465
01:15:32,240 --> 01:15:34,120
Speaker 2: the other, the other will invest back in that one,

1466
01:15:34,640 --> 01:15:38,040
Speaker 2: and it could be creating some kind of bubble. I mean,

1467
01:15:38,120 --> 01:15:42,160
Speaker 2: even just the level at which the market's rising, it

1468
01:15:42,240 --> 01:15:44,240
Speaker 2: does it indicate bubble territory.

1469
01:15:45,640 --> 01:15:49,879
Speaker 27: Yeah, there's certainly been a growing view from some investors

1470
01:15:49,960 --> 01:15:52,439
Speaker 27: that were starting to look bubble like and they make

1471
01:15:52,479 --> 01:15:55,400
Speaker 27: comparisons to the dot com or the Internet bubble era

1472
01:15:55,520 --> 01:15:58,880
Speaker 27: that happened in the late nineties early two Thousand's one

1473
01:15:58,960 --> 01:16:01,880
Speaker 27: piece that Video Investment I mentioned which she used to

1474
01:16:01,920 --> 01:16:05,000
Speaker 27: correctly point out on the secularity there. It is a

1475
01:16:05,040 --> 01:16:07,439
Speaker 27: little bit circular, and what they're doing is they're investing

1476
01:16:07,479 --> 01:16:10,920
Speaker 27: one hundred billion dollars in open Ai, who was then

1477
01:16:11,000 --> 01:16:13,479
Speaker 27: taking that one hundred billion dollars and using it to buy,

1478
01:16:13,720 --> 01:16:16,400
Speaker 27: amongst other things, chips from the video. So it's kind

1479
01:16:16,439 --> 01:16:18,640
Speaker 27: of like they're given the company that to buy their

1480
01:16:18,680 --> 01:16:21,960
Speaker 27: own product. So a bit circular, and it causes concern.

1481
01:16:22,200 --> 01:16:24,920
Speaker 27: And there was elements of that or that was happening

1482
01:16:24,960 --> 01:16:27,720
Speaker 27: in various ways in the Internet bubble. And then of

1483
01:16:27,760 --> 01:16:30,000
Speaker 27: course the evaluations of some of these stocks are getting

1484
01:16:30,400 --> 01:16:33,160
Speaker 27: getting higher, so you're certainly seeing a growing yeah, of course,

1485
01:16:33,160 --> 01:16:36,160
Speaker 27: of people getting a little bit concerned, and some people

1486
01:16:36,240 --> 01:16:38,000
Speaker 27: you see some investors that are taking a little bit

1487
01:16:38,040 --> 01:16:39,280
Speaker 27: of risk off some of their stocks.

1488
01:16:40,000 --> 01:16:42,120
Speaker 2: It's interesting because when you look at that from a

1489
01:16:42,360 --> 01:16:45,280
Speaker 2: practical personal perspective, you know, I look at it and

1490
01:16:45,360 --> 01:16:47,760
Speaker 2: I think, well, I can see why it's going up,

1491
01:16:47,800 --> 01:16:50,280
Speaker 2: because if I look at my use of AI just

1492
01:16:50,520 --> 01:16:52,960
Speaker 2: in the past six months or thet alone a year

1493
01:16:53,439 --> 01:16:56,120
Speaker 2: is also going up. So I'm like, maybe they're you know,

1494
01:16:56,640 --> 01:16:57,519
Speaker 2: it's justified.

1495
01:16:59,040 --> 01:17:01,840
Speaker 28: Yeah, that's that's certainly what all the big companies in

1496
01:17:01,920 --> 01:17:05,320
Speaker 28: the world are, the Microsoft's and Google's amazons.

1497
01:17:05,960 --> 01:17:09,240
Speaker 27: That's what they believe, right. They think the AI use

1498
01:17:09,320 --> 01:17:10,080
Speaker 27: case is there.

1499
01:17:10,560 --> 01:17:12,920
Speaker 28: They think it's getting the use cases are getting better

1500
01:17:12,960 --> 01:17:14,720
Speaker 28: and better, and you certainly are seen that. I mean

1501
01:17:15,120 --> 01:17:17,240
Speaker 28: ten GBT is so much better now than it was

1502
01:17:17,640 --> 01:17:20,040
Speaker 28: two years ago when it came onto the scene. And

1503
01:17:20,160 --> 01:17:24,200
Speaker 28: so they convinced that AI is the next technological jump.

1504
01:17:25,200 --> 01:17:28,080
Speaker 28: Therefore they're willing to invest hundreds of billions of dollars.

1505
01:17:28,120 --> 01:17:31,240
Speaker 28: So currently there's this estimated about six hundred billion per

1506
01:17:31,360 --> 01:17:34,160
Speaker 28: animal has been invested into AI data centers.

1507
01:17:34,280 --> 01:17:37,880
Speaker 27: That number is expected to grow potentially to one one

1508
01:17:38,200 --> 01:17:39,040
Speaker 27: or just over one.

1509
01:17:39,000 --> 01:17:41,479
Speaker 28: Trillion dollars over the next couple of years, and even

1510
01:17:42,160 --> 01:17:45,960
Speaker 28: a big sit at aoball Jensen Huang, who's the CEO

1511
01:17:46,000 --> 01:17:48,840
Speaker 28: of Navidia, is plotting out numbers saying there might be

1512
01:17:48,960 --> 01:17:52,880
Speaker 28: three trillion dollars of annual spend on AI data centers,

1513
01:17:52,920 --> 01:17:55,519
Speaker 28: which is phenomenal. You're talking about three trillion, You're talking

1514
01:17:55,600 --> 01:17:59,000
Speaker 28: something like three to four percent of global GDP. So well,

1515
01:17:59,000 --> 01:18:01,120
Speaker 28: you've got these companies who believe in AI and believe

1516
01:18:01,160 --> 01:18:03,439
Speaker 28: in the product. When they can keep putting the money

1517
01:18:03,479 --> 01:18:05,720
Speaker 28: and the profitable company's largest in the world, they can

1518
01:18:05,840 --> 01:18:07,560
Speaker 28: keep fueling this kind of spending.

1519
01:18:07,320 --> 01:18:10,719
Speaker 2: Spring fascinating stuff. Andrew, appreciate your time tonight, Andrew Curtain

1520
01:18:10,840 --> 01:18:13,599
Speaker 2: Milford Asset Management time is twenty half to six still

1521
01:18:13,640 --> 01:18:15,800
Speaker 2: to come show Biz Mark Calendar from two degrees and

1522
01:18:15,840 --> 01:18:16,920
Speaker 2: Gavin Gray in the UK.

1523
01:18:17,360 --> 01:18:20,120
Speaker 3: Everything from SMEs to the big corporates.

1524
01:18:20,320 --> 01:18:26,200
Speaker 1: The Business Hour with Ryan Bridge and Mass for Insurance Investments.

1525
01:18:25,720 --> 01:18:28,920
Speaker 3: And Kiwi Saber you're in good hands. News talks that'd be.

1526
01:18:29,200 --> 01:18:31,160
Speaker 2: I'll give you a bit more from that Treasury report

1527
01:18:31,280 --> 01:18:33,840
Speaker 2: after the News at six thirty, because it's interesting what

1528
01:18:33,920 --> 01:18:37,120
Speaker 2: they say about the structural deficit. The structural fiscal deficit

1529
01:18:37,200 --> 01:18:39,320
Speaker 2: that the country has and how we might get out

1530
01:18:39,360 --> 01:18:43,680
Speaker 2: of it. Basically, there are no easy options. First, just

1531
01:18:43,800 --> 01:18:46,880
Speaker 2: to entertain you on a what are we Wednesday evening,

1532
01:18:46,960 --> 01:18:49,400
Speaker 2: here is de Sinda Redourn on the John Stewart Show,

1533
01:18:49,840 --> 01:18:53,679
Speaker 2: in being introduced as I understand I haven't heard this yet,

1534
01:18:54,000 --> 01:18:55,320
Speaker 2: so we'll hear it together now.

1535
01:18:55,479 --> 01:18:58,559
Speaker 3: I want to be correct, great honorable Dean.

1536
01:18:58,800 --> 01:18:59,240
Speaker 2: Just Senda.

1537
01:18:59,320 --> 01:19:02,600
Speaker 29: It's a lot, it's a please, just Cinder just to Cinda.

1538
01:19:02,560 --> 01:19:02,840
Speaker 27: Thank you.

1539
01:19:05,280 --> 01:19:09,200
Speaker 2: And here is the former Prime minister on doing the

1540
01:19:09,320 --> 01:19:09,680
Speaker 2: right thing.

1541
01:19:10,160 --> 01:19:12,920
Speaker 29: I've been around politics for so long. I always held

1542
01:19:12,960 --> 01:19:15,280
Speaker 29: on to the idea what goes up must come down,

1543
01:19:16,080 --> 01:19:19,240
Speaker 29: you know, and ultimately whatever political capital that you might have,

1544
01:19:20,240 --> 01:19:22,600
Speaker 29: you're going to need to spend it. And you know,

1545
01:19:23,080 --> 01:19:25,240
Speaker 29: the best we can hope for is that politicians spend

1546
01:19:25,320 --> 01:19:27,920
Speaker 29: it on doing the right thing, even if it's something

1547
01:19:28,000 --> 01:19:30,120
Speaker 29: that's hard, even if it's something that you know might

1548
01:19:30,200 --> 01:19:31,360
Speaker 29: not be popular.

1549
01:19:31,360 --> 01:19:42,800
Speaker 2: Like screwing the country right show bears, it's sex, twenty

1550
01:19:42,840 --> 01:19:45,120
Speaker 2: four News Talks, there'd be A man's been arrested for

1551
01:19:45,200 --> 01:19:48,200
Speaker 2: trespassing at Travis Kelsick's home. This is his Kansas home.

1552
01:19:48,240 --> 01:19:51,240
Speaker 2: He's got several man was taken into custody just after

1553
01:19:51,320 --> 01:19:54,400
Speaker 2: two in the morning. Get this attempting to serve Taylor

1554
01:19:54,439 --> 01:19:57,479
Speaker 2: Swift legal papers. I don't know who wants to be

1555
01:19:57,520 --> 01:19:59,800
Speaker 2: given legal documents in the middle of the night. I

1556
01:20:00,000 --> 01:20:03,160
Speaker 2: would have called the police too. Now you might wonder

1557
01:20:03,560 --> 01:20:06,440
Speaker 2: why do they want to serve Taylor with legal documents?

1558
01:20:06,680 --> 01:20:10,000
Speaker 2: This is in relation to the whole Justin Valdoni Blake

1559
01:20:10,080 --> 01:20:15,559
Speaker 2: Lively lawsuit. Are you kidding me? This story just doesn't stop.

1560
01:20:16,160 --> 01:20:19,000
Speaker 2: So Blake sued Justin for harassment on a movie set,

1561
01:20:19,320 --> 01:20:23,160
Speaker 2: Justin sued Blake back, Blake sued for defamation. It's a mess.

1562
01:20:23,800 --> 01:20:27,680
Speaker 2: Taylor is one of Blake Livey's Lively Lively's best girlfriends,

1563
01:20:27,720 --> 01:20:31,120
Speaker 2: so naturally she is involved. Justin is desperately trying to

1564
01:20:31,200 --> 01:20:33,839
Speaker 2: get Tata in court to spill all of the beans.

1565
01:20:33,960 --> 01:20:36,759
Speaker 2: Tata doesn't want to be there. This whole court case

1566
01:20:36,920 --> 01:20:40,840
Speaker 2: seems to be a clown show. Now we could get

1567
01:20:40,880 --> 01:20:44,640
Speaker 2: Taylor Swift in a court appropriate pantsuit sometime in the

1568
01:20:44,800 --> 01:20:49,760
Speaker 2: next week, apparently, which has got everybody very excited. I

1569
01:20:50,320 --> 01:20:52,559
Speaker 2: have that whole case. How long has it been around now,

1570
01:20:52,640 --> 01:20:55,320
Speaker 2: like at least a year. I still couldn't tell you

1571
01:20:55,960 --> 01:20:58,840
Speaker 2: what one person has accused the other of doing, and

1572
01:20:59,080 --> 01:21:02,280
Speaker 2: you know what they allegations or accusations are, and it's

1573
01:21:02,439 --> 01:21:07,160
Speaker 2: my job to know. And I just it's just absolute

1574
01:21:07,960 --> 01:21:11,479
Speaker 2: trite nonsense from what I can see. Twenty six minutes

1575
01:21:11,560 --> 01:21:14,920
Speaker 2: after six now, very quickly, I'll get you. I'll run

1576
01:21:14,960 --> 01:21:16,280
Speaker 2: you through, because we do have a bit of time here.

1577
01:21:16,320 --> 01:21:18,920
Speaker 2: I'll run you through. So government debt higher today than

1578
01:21:19,439 --> 01:21:22,840
Speaker 2: most statements. This is the Treasury forty year projection than

1579
01:21:23,000 --> 01:21:28,760
Speaker 2: most previous statements had anticipated, partly because government responses to

1580
01:21:28,840 --> 01:21:32,080
Speaker 2: things like COVID have become larger over time. And you

1581
01:21:32,240 --> 01:21:35,840
Speaker 2: saw that with COVID compared to say, the earthquakes, compared

1582
01:21:35,840 --> 01:21:41,080
Speaker 2: to say the GC averaging ten percent of GDP per decade,

1583
01:21:42,080 --> 01:21:46,200
Speaker 2: there has not been sufficient saving between events to keep

1584
01:21:46,439 --> 01:21:49,400
Speaker 2: debt steady over time. This is from the Treasury and

1585
01:21:49,560 --> 01:21:52,439
Speaker 2: this is their warning. New Zealand is currently running a

1586
01:21:52,560 --> 01:21:56,599
Speaker 2: significant structural fiscal deficit, which we know meaning that even

1587
01:21:56,720 --> 01:22:01,120
Speaker 2: without future pressures arising from population aids, from things like

1588
01:22:01,200 --> 01:22:05,400
Speaker 2: climate change or other long term stuff, adjustment is required

1589
01:22:05,400 --> 01:22:07,840
Speaker 2: to bring expenditure and revenue into balance, which is what

1590
01:22:07,920 --> 01:22:10,360
Speaker 2: the government's trying to do, albeit according to the mood

1591
01:22:10,360 --> 01:22:14,519
Speaker 2: of the boardroom this morning, far too slowly. No doubt

1592
01:22:14,560 --> 01:22:18,960
Speaker 2: it needs to happen. Two degrees and UK correspondent Gavin

1593
01:22:19,000 --> 01:22:20,759
Speaker 2: Gray All ahead News Talk said.

1594
01:22:20,600 --> 01:22:20,680
Speaker 16: B.

1595
01:22:35,400 --> 01:22:36,080
Speaker 4: Coming down.

1596
01:22:39,240 --> 01:22:41,760
Speaker 3: If it's to do with money, it matters to you.

1597
01:22:42,360 --> 01:22:46,760
Speaker 1: The Business Hour with Ryan Rich and Mass for Insurance

1598
01:22:46,960 --> 01:22:50,920
Speaker 1: Investors and Hueye Safer You're in good hands, News Talks.

1599
01:22:50,760 --> 01:22:50,920
Speaker 27: D B.

1600
01:22:57,840 --> 01:22:59,880
Speaker 2: Putty five away from seven. You're on News Talk, said

1601
01:23:00,160 --> 01:23:02,599
Speaker 2: I'm Ryan Bridge. We'll get to our UK correspondent before

1602
01:23:02,680 --> 01:23:05,120
Speaker 2: seven this evening right now. Two degrees has booked a

1603
01:23:05,160 --> 01:23:07,400
Speaker 2: net loss of eighteen point two million bucks for the

1604
01:23:07,560 --> 01:23:11,000
Speaker 2: twenty five financial years, significantly worse than last year's three

1605
01:23:11,080 --> 01:23:14,320
Speaker 2: point one mostly down to one off costs, though and

1606
01:23:14,400 --> 01:23:20,000
Speaker 2: operating earnings, mobile, broadband and energy revenues all up. Mark Calendar,

1607
01:23:20,000 --> 01:23:23,559
Speaker 2: two degrees Tief executive with me tonight. Hey Mark, Hi, Ron,

1608
01:23:23,600 --> 01:23:26,160
Speaker 2: Thanks having me. So I made a net loss, yes,

1609
01:23:26,240 --> 01:23:28,960
Speaker 2: but fair to say you're not too worried about that.

1610
01:23:30,360 --> 01:23:31,000
Speaker 12: No, not at all.

1611
01:23:31,320 --> 01:23:34,920
Speaker 30: The businesses operating two plan if not ahead of it again,

1612
01:23:35,000 --> 01:23:37,920
Speaker 30: A lot of the losses that reported were non cash related,

1613
01:23:37,960 --> 01:23:39,840
Speaker 30: so it's about forty five million and non cash related

1614
01:23:40,320 --> 01:23:42,120
Speaker 30: if you actually look at the net cash from operating

1615
01:23:42,439 --> 01:23:45,120
Speaker 30: in our trading in But we've got very significant gains

1616
01:23:45,200 --> 01:23:45,479
Speaker 30: year on.

1617
01:23:45,520 --> 01:23:50,080
Speaker 2: You mobile, broadband, energy revenues all up. You've managed to

1618
01:23:50,160 --> 01:23:54,160
Speaker 2: do that m part by growing big clients, corporate clients,

1619
01:23:54,200 --> 01:23:55,000
Speaker 2: government clients.

1620
01:23:56,360 --> 01:23:56,519
Speaker 4: Yeah.

1621
01:23:56,520 --> 01:23:58,880
Speaker 12: Absolutely, we have got growth across the board.

1622
01:23:58,920 --> 01:24:01,120
Speaker 30: Our total revenue up about three point nine percent, but

1623
01:24:01,280 --> 01:24:02,559
Speaker 30: as you've mentioned, we've got very.

1624
01:24:02,439 --> 01:24:04,240
Speaker 12: Strong growth across our mobile portfolio.

1625
01:24:05,000 --> 01:24:07,320
Speaker 30: That is across all segments, but in particular, we are

1626
01:24:07,400 --> 01:24:10,599
Speaker 30: having increased success in those larger enterprise and government accounts.

1627
01:24:11,040 --> 01:24:13,320
Speaker 30: Again as our businesses continue to focus on that end

1628
01:24:13,360 --> 01:24:13,800
Speaker 30: of the market.

1629
01:24:14,360 --> 01:24:17,240
Speaker 2: How much money you know, how much business are you

1630
01:24:17,360 --> 01:24:18,640
Speaker 2: taking off your competitors.

1631
01:24:20,360 --> 01:24:22,280
Speaker 30: It's still pretty tough out there, Ryan, So you know

1632
01:24:22,360 --> 01:24:24,800
Speaker 30: it is a very tough economic environment, and you can

1633
01:24:24,840 --> 01:24:27,320
Speaker 30: see that our growth against the headwinds are in the market,

1634
01:24:27,920 --> 01:24:29,640
Speaker 30: we are winning more than our fair share when it

1635
01:24:29,720 --> 01:24:31,040
Speaker 30: comes to some of those ones.

1636
01:24:31,400 --> 01:24:33,200
Speaker 2: How much do you think it's going to pick up

1637
01:24:33,200 --> 01:24:33,960
Speaker 2: in the second half.

1638
01:24:35,280 --> 01:24:36,440
Speaker 12: Yeah, we're always optimistic.

1639
01:24:36,920 --> 01:24:38,880
Speaker 30: I was actually hoping to see some green shoots this

1640
01:24:38,920 --> 01:24:41,200
Speaker 30: side of Christmas, but you know, we're hopeful that we'll

1641
01:24:41,200 --> 01:24:44,040
Speaker 30: start seeing some good stuff happened early next year. Again,

1642
01:24:44,080 --> 01:24:47,160
Speaker 30: we're incredibly well positioned, and I think remaining positives are

1643
01:24:47,520 --> 01:24:48,519
Speaker 30: really critical at this point.

1644
01:24:48,680 --> 01:24:51,720
Speaker 2: Is your short term strategy then to go after to

1645
01:24:51,840 --> 01:24:55,679
Speaker 2: try and increase that market share even though the tide

1646
01:24:55,720 --> 01:24:58,519
Speaker 2: isn't lifting all boats, or are you waiting for that

1647
01:24:58,720 --> 01:25:01,479
Speaker 2: tide now that you've abe maxed out your markets here

1648
01:25:01,479 --> 01:25:02,960
Speaker 2: you think you can get in the short term.

1649
01:25:04,160 --> 01:25:06,040
Speaker 30: No, we absolutely plan to grow more in the next

1650
01:25:06,080 --> 01:25:08,040
Speaker 30: three years than we have in the previous three years.

1651
01:25:08,560 --> 01:25:11,040
Speaker 30: We've set a company ambition to be the number one

1652
01:25:11,080 --> 01:25:14,400
Speaker 30: player by value, innovation and growth. So for us as

1653
01:25:14,439 --> 01:25:16,800
Speaker 30: a challenge of brand standing for value and fairness in

1654
01:25:16,840 --> 01:25:20,080
Speaker 30: the market, we see more upside in the coming period.

1655
01:25:20,200 --> 01:25:22,639
Speaker 30: So it's what will be chasing, It's what our customers

1656
01:25:22,720 --> 01:25:25,640
Speaker 30: expect from us, and that's what it's about being a challenging.

1657
01:25:25,479 --> 01:25:27,559
Speaker 2: Some suggestion in the I don't know if you saw

1658
01:25:27,640 --> 01:25:30,599
Speaker 2: Chris Keell's peace in the Herald today that the way

1659
01:25:30,680 --> 01:25:33,400
Speaker 2: you've got these contracts might be because you are undercutting

1660
01:25:33,439 --> 01:25:33,960
Speaker 2: on price.

1661
01:25:36,240 --> 01:25:38,200
Speaker 30: Again, I hear that a little bit, you know, I

1662
01:25:38,280 --> 01:25:41,439
Speaker 30: think charging customers fear prices is a pretty good criticism

1663
01:25:41,520 --> 01:25:45,960
Speaker 30: to have We're absolutely out there just delivering value outside

1664
01:25:45,960 --> 01:25:49,640
Speaker 30: of price. We have amazing technology and software platforms for us.

1665
01:25:49,680 --> 01:25:52,719
Speaker 30: It's how we put productivity tools into our customers hands

1666
01:25:53,000 --> 01:25:54,840
Speaker 30: and we do that at for your prices. So it's

1667
01:25:54,840 --> 01:25:55,719
Speaker 30: a pretty good combination.

1668
01:25:56,040 --> 01:25:58,040
Speaker 2: Hey, I know we've spoken about this before, but the

1669
01:25:58,200 --> 01:26:01,519
Speaker 2: energy arm of your business and that the Gen Taylor's situation.

1670
01:26:02,360 --> 01:26:04,880
Speaker 2: Have you had any indication what's going to go with

1671
01:26:05,080 --> 01:26:07,919
Speaker 2: We've got this report coming out. We're expecting some response

1672
01:26:08,000 --> 01:26:10,679
Speaker 2: inside the next what five six days from the government.

1673
01:26:12,320 --> 01:26:15,080
Speaker 12: So now I'm waiting with baited breath like everyone else,

1674
01:26:15,560 --> 01:26:17,280
Speaker 12: I remain fear of a hopeful.

1675
01:26:18,960 --> 01:26:21,519
Speaker 30: The sort of messaging we're hearing is that bold changes

1676
01:26:21,600 --> 01:26:24,800
Speaker 30: required and bold changes coming. So we're really look forward

1677
01:26:24,800 --> 01:26:27,360
Speaker 30: to seeing what shape that comes in. And again we're

1678
01:26:27,400 --> 01:26:29,360
Speaker 30: focused on making sure we've got the right incentives of

1679
01:26:29,439 --> 01:26:32,840
Speaker 30: Generation and we have a competitive platform which lives lower

1680
01:26:32,920 --> 01:26:35,479
Speaker 30: pricing to consumers. You would have seen the mood of

1681
01:26:35,479 --> 01:26:38,879
Speaker 30: the boardroom again that came out today and energy prices

1682
01:26:39,040 --> 01:26:41,320
Speaker 30: was top of mind for many CEOs out.

1683
01:26:41,240 --> 01:26:42,920
Speaker 12: There at the moment, So it is real.

1684
01:26:43,320 --> 01:26:44,760
Speaker 30: We need to address it, and we've got to worry

1685
01:26:44,760 --> 01:26:47,280
Speaker 30: about the best settings for a twenty thirty forty year timeframe.

1686
01:26:47,920 --> 01:26:51,240
Speaker 2: One of this question often comes up with two degrees, Mark,

1687
01:26:51,360 --> 01:26:54,240
Speaker 2: why aren't you listed on the stock exchange. You've obviously

1688
01:26:54,280 --> 01:26:57,960
Speaker 2: got private owners. Is that something that is being looked at,

1689
01:26:58,160 --> 01:27:00,880
Speaker 2: or that might be looked at, or that has been

1690
01:27:01,240 --> 01:27:03,000
Speaker 2: I know it's been considered in the past, but is

1691
01:27:03,040 --> 01:27:04,240
Speaker 2: it currently on the table.

1692
01:27:05,479 --> 01:27:06,160
Speaker 12: No, not at all.

1693
01:27:06,560 --> 01:27:09,320
Speaker 30: Again, we've just had a new three year strategy reset done.

1694
01:27:09,920 --> 01:27:12,000
Speaker 30: As I've mentioned, we have a growth mandate. We've got

1695
01:27:12,160 --> 01:27:15,280
Speaker 30: very very supportive shareholders. You know, our job's not done

1696
01:27:15,320 --> 01:27:17,640
Speaker 30: on this market. We've still got to keep fighting. We

1697
01:27:17,720 --> 01:27:20,080
Speaker 30: still think we can deliver better value to consumers, and

1698
01:27:20,120 --> 01:27:22,360
Speaker 30: we've got to keep growing this business. And I think

1699
01:27:22,400 --> 01:27:25,160
Speaker 30: today's results were a really good foundation for what lies ahead.

1700
01:27:25,640 --> 01:27:27,280
Speaker 30: But you know, we are just at the beginning of

1701
01:27:27,400 --> 01:27:28,679
Speaker 30: really turning around this business.

1702
01:27:29,200 --> 01:27:31,040
Speaker 2: Mark appreciate your time. Thanks for coming on the show.

1703
01:27:32,560 --> 01:27:34,920
Speaker 2: Mark Calender, Chief Executive. Two degrees time is twenty one

1704
01:27:34,920 --> 01:27:37,200
Speaker 2: minutes away from seven. You're on news Talk SEDB.

1705
01:27:37,240 --> 01:27:39,519
Speaker 3: Crunching the numbers and getting the results.

1706
01:27:39,800 --> 01:27:44,960
Speaker 1: It's Ryan Bridge with the Business Hour and Mass for Insurance.

1707
01:27:44,600 --> 01:27:48,479
Speaker 3: Investments and Killie Saber. You're in good hands News Talks, EDB.

1708
01:27:48,720 --> 01:27:50,960
Speaker 2: It's gone eighteen away from seven on news talks, HEEDB.

1709
01:27:51,360 --> 01:27:53,040
Speaker 2: If you didn't catch up with all of what Donald

1710
01:27:53,080 --> 01:27:55,400
Speaker 2: Trump said at the UN today, there are some gems

1711
01:27:55,520 --> 01:27:59,160
Speaker 2: in there which I'll play for you now. The renewable energy.

1712
01:27:59,560 --> 01:28:01,720
Speaker 2: We did the climate change earlier, but this is what

1713
01:28:01,800 --> 01:28:05,200
Speaker 2: you had to say about renewable energy, the sources of

1714
01:28:05,280 --> 01:28:08,160
Speaker 2: renewable energy. How reliable renewable energy is.

1715
01:28:08,439 --> 01:28:12,320
Speaker 7: We're getting rid of the falsely named renewables, by the way,

1716
01:28:13,120 --> 01:28:13,760
Speaker 7: they're a joke.

1717
01:28:14,080 --> 01:28:16,599
Speaker 2: Then he took the unto task over migration.

1718
01:28:16,760 --> 01:28:19,360
Speaker 7: Not only is the U and not solving the problems

1719
01:28:19,439 --> 01:28:23,040
Speaker 7: it should, too often, it's actually creating new problems for.

1720
01:28:23,160 --> 01:28:23,719
Speaker 2: Us to solve.

1721
01:28:24,120 --> 01:28:27,400
Speaker 7: The best example is the number one political issue of

1722
01:28:27,479 --> 01:28:32,160
Speaker 7: our time, the crisis of uncontrolled migration. It's uncontrolled. Your

1723
01:28:32,240 --> 01:28:33,559
Speaker 7: countries are being ruined.

1724
01:28:34,240 --> 01:28:38,280
Speaker 2: See, we don't really have the uncontrolled migration problems here,

1725
01:28:38,479 --> 01:28:40,759
Speaker 2: do we, Thanks to the ocean that they've got in Europe,

1726
01:28:40,800 --> 01:28:43,320
Speaker 2: that they've got the problems that they've identified in America.

1727
01:28:43,880 --> 01:28:47,120
Speaker 2: So we don't as a country really kind of understand it.

1728
01:28:47,160 --> 01:28:49,720
Speaker 2: It's a bit like war. We're a long way from

1729
01:28:49,840 --> 01:28:52,719
Speaker 2: war and We're a long way from a land border.

1730
01:28:53,320 --> 01:28:57,400
Speaker 2: So when people talk about those issues overseas, it's like, look,

1731
01:28:57,640 --> 01:28:59,280
Speaker 2: I'm glad we don't have to deal with those things,

1732
01:29:00,080 --> 01:29:02,760
Speaker 2: but actually do we really understand them until we go

1733
01:29:02,880 --> 01:29:05,320
Speaker 2: and visit these places and once you get there you

1734
01:29:05,479 --> 01:29:07,439
Speaker 2: kind of realize. Anyway. The big problem, of course, was

1735
01:29:07,479 --> 01:29:08,160
Speaker 2: the technology.

1736
01:29:08,479 --> 01:29:12,160
Speaker 7: And I don't mind making the speech without a teleprapter

1737
01:29:13,040 --> 01:29:16,400
Speaker 7: because the teleprampter is that working. All I got from

1738
01:29:16,439 --> 01:29:19,320
Speaker 7: the United Nations was an escalator that on the way

1739
01:29:19,400 --> 01:29:22,080
Speaker 7: up stopped right in the middle. If the first lady

1740
01:29:22,200 --> 01:29:23,920
Speaker 7: wasn't in great shape, she would have fallen.

1741
01:29:24,600 --> 01:29:26,120
Speaker 2: Poor thing. She is in great shape.

1742
01:29:26,560 --> 01:29:27,000
Speaker 3: They made it.

1743
01:29:27,080 --> 01:29:30,439
Speaker 2: The safely speech took an hour. It's sixteen away from seven.

1744
01:29:30,960 --> 01:29:34,479
Speaker 2: Bryan Bridge, right, Kevin Gray, are UK your correspondent. Let's

1745
01:29:34,520 --> 01:29:37,040
Speaker 2: go check in now on what's going on. Gavin Good

1746
01:29:37,080 --> 01:29:42,559
Speaker 2: Evening either right now. This asylum seeker whose crimes led

1747
01:29:42,600 --> 01:29:47,680
Speaker 2: to the big protests, we have a sentence, we.

1748
01:29:47,760 --> 01:29:50,559
Speaker 19: Do, indeed, yes, So he's believed to be thirty eight

1749
01:29:50,640 --> 01:29:54,200
Speaker 19: from Egypt. Hadish Kabatu had only just arrived in the

1750
01:29:54,360 --> 01:29:57,559
Speaker 19: UK illegally and was being processed as it were, staying

1751
01:29:57,640 --> 01:30:01,280
Speaker 19: in a hotel in Essex, and he's now been found

1752
01:30:01,320 --> 01:30:04,479
Speaker 19: guilty of touching and trying to kiss a school girl

1753
01:30:04,560 --> 01:30:08,000
Speaker 19: lays just fourteen, wearing a school uniform in a park.

1754
01:30:08,680 --> 01:30:11,799
Speaker 19: He's been jailed for a year for the sexual assault

1755
01:30:11,960 --> 01:30:14,800
Speaker 19: on the fourteen year old girl, laying his hand on

1756
01:30:14,920 --> 01:30:17,400
Speaker 19: her thigh, saying she'd make a good wife, would come

1757
01:30:17,479 --> 01:30:21,320
Speaker 19: back to Africa with him, and saying that she would

1758
01:30:21,360 --> 01:30:23,040
Speaker 19: also make good babies with him.

1759
01:30:23,800 --> 01:30:25,320
Speaker 27: He also then.

1760
01:30:25,840 --> 01:30:28,439
Speaker 19: Tried to touch on the thigh as well a woman

1761
01:30:28,840 --> 01:30:30,880
Speaker 19: who had gone to see if he needed anything because

1762
01:30:30,880 --> 01:30:33,360
Speaker 19: he was looking distress, and he tried the same tactic

1763
01:30:33,439 --> 01:30:37,120
Speaker 19: with her. And he's now been sentenced to this year

1764
01:30:37,200 --> 01:30:39,839
Speaker 19: in jail. He said, apparently he wishes to be deported

1765
01:30:39,920 --> 01:30:42,960
Speaker 19: well so does frankly most of the rest of the country,

1766
01:30:43,000 --> 01:30:47,080
Speaker 19: I would suggest, because his arrest which upset the girl

1767
01:30:47,160 --> 01:30:50,320
Speaker 19: said she's constantly looking over her shoulder. Now obviously she

1768
01:30:50,400 --> 01:30:53,040
Speaker 19: told the parents. The parents were spread on social media

1769
01:30:53,080 --> 01:30:55,439
Speaker 19: and there were protests outside the hotel where he was staying,

1770
01:30:55,800 --> 01:30:58,320
Speaker 19: and there was a wave of not just protests outside

1771
01:30:58,400 --> 01:31:01,120
Speaker 19: this hotel in Epping in Sex, to the east of London,

1772
01:31:01,400 --> 01:31:05,280
Speaker 19: but also around the UK where single male asylum seekers

1773
01:31:05,479 --> 01:31:08,080
Speaker 19: who have arrived on the boat illegally with no idea,

1774
01:31:08,200 --> 01:31:12,040
Speaker 19: We have no idea who they are. Are feared by

1775
01:31:12,240 --> 01:31:16,240
Speaker 19: local residents. It is, as you can hear in every

1776
01:31:16,320 --> 01:31:19,200
Speaker 19: sort of headline in the UK, one of the big

1777
01:31:19,560 --> 01:31:23,439
Speaker 19: election topics I would suggest come any elections coming up

1778
01:31:24,000 --> 01:31:25,519
Speaker 19: over the coming months and years.

1779
01:31:26,160 --> 01:31:29,240
Speaker 2: Hey, President Trump, But among the other things and claims,

1780
01:31:29,280 --> 01:31:32,080
Speaker 2: he made it that you win, he's also seed that

1781
01:31:33,080 --> 01:31:36,000
Speaker 2: the London city of London wants to go to sharia law.

1782
01:31:36,080 --> 01:31:38,800
Speaker 2: Any response from the meien No.

1783
01:31:39,120 --> 01:31:42,240
Speaker 19: And it's rather interesting. He and the London mayor, Sir

1784
01:31:42,360 --> 01:31:47,000
Speaker 19: Sadiq Kahan, have had quite a row over the years

1785
01:31:47,920 --> 01:31:52,000
Speaker 19: on various social media platforms, and this time the mayor

1786
01:31:52,120 --> 01:31:55,320
Speaker 19: is refusing to comments. So Donald Trump's quote was, I

1787
01:31:55,479 --> 01:31:58,479
Speaker 19: look at London, where you have a terrible mayor, terrible,

1788
01:31:58,680 --> 01:32:02,040
Speaker 19: terrible mayor, and it's been changed. It's been so changed.

1789
01:32:02,120 --> 01:32:04,240
Speaker 19: Now they want to go to sharia law. But you're

1790
01:32:04,280 --> 01:32:07,280
Speaker 19: in a different country. You can't do that. Well, Sir

1791
01:32:07,360 --> 01:32:10,719
Speaker 19: Sadiq spokesperson said, we're not going to dignify his appalling

1792
01:32:10,840 --> 01:32:14,160
Speaker 19: and bigoted comments with a response. London is the greatest

1793
01:32:14,200 --> 01:32:17,040
Speaker 19: city in the world. Safer than major US cities, and

1794
01:32:17,120 --> 01:32:20,280
Speaker 19: we're delighted to welcome the record number of American citizens

1795
01:32:20,439 --> 01:32:24,240
Speaker 19: moving here. So it is a kind of response without

1796
01:32:24,320 --> 01:32:28,200
Speaker 19: a direct response about Sharia law. Incidentally, there are actually

1797
01:32:28,360 --> 01:32:31,639
Speaker 19: Sharia courts. Those are courts for Muslim people in the UK,

1798
01:32:31,960 --> 01:32:35,400
Speaker 19: but they have no legal jurisdiction. The real courts, of course,

1799
01:32:35,520 --> 01:32:39,560
Speaker 19: are the normal British courts, but people are uncomfortable that

1800
01:32:39,600 --> 01:32:41,880
Speaker 19: these Sharia courts exist in the first place. Anyway.

1801
01:32:42,000 --> 01:32:44,680
Speaker 2: Are the Sharia courts funded by the government or are

1802
01:32:44,680 --> 01:32:47,280
Speaker 2: they just like a religious self funded thing.

1803
01:32:48,640 --> 01:32:51,200
Speaker 19: It's pretty much self funded. It's thought there are eighty

1804
01:32:51,360 --> 01:32:52,200
Speaker 19: five in total.

1805
01:32:52,240 --> 01:32:53,479
Speaker 27: According to one Thing Tang.

1806
01:32:53,960 --> 01:32:57,160
Speaker 19: Most of the work dealt with is religious marriage arbitration,

1807
01:32:57,600 --> 01:33:01,400
Speaker 19: but they may also rule on legs financial matters, but

1808
01:33:01,520 --> 01:33:04,759
Speaker 19: the UK government very clear the rulings are not legally binding.

1809
01:33:04,960 --> 01:33:09,240
Speaker 19: So it's a very sort of interesting and some would

1810
01:33:09,240 --> 01:33:11,360
Speaker 19: say worrying aspect of our laws.

1811
01:33:11,600 --> 01:33:15,519
Speaker 2: Absolutely. Now you've got nineteen UK grocery stores closing.

1812
01:33:15,640 --> 01:33:19,320
Speaker 19: What's going on well the Amazon they're owned by Amazon.

1813
01:33:19,439 --> 01:33:23,479
Speaker 19: Amazon opened these stores as a sort of experiment, but

1814
01:33:24,080 --> 01:33:26,439
Speaker 19: it's not gone very well. So they opened in March

1815
01:33:26,560 --> 01:33:30,320
Speaker 19: twenty twenty one and they're going to shut down nineteen

1816
01:33:30,600 --> 01:33:33,760
Speaker 19: UK grocery stores less than five years therefore after they

1817
01:33:33,800 --> 01:33:37,400
Speaker 19: were launched. They are till free sites. In other words,

1818
01:33:37,479 --> 01:33:41,599
Speaker 19: as you go round, you effectively scam what you bought

1819
01:33:41,680 --> 01:33:44,720
Speaker 19: and that automatically deducts it from your credit card. So

1820
01:33:45,040 --> 01:33:47,879
Speaker 19: the company says it's going to focus on online deliveries

1821
01:33:47,920 --> 01:33:50,639
Speaker 19: in the grocery sector with partners a couple of major

1822
01:33:50,720 --> 01:33:54,360
Speaker 19: supermarkets in those and it said it's launched a consultation

1823
01:33:54,520 --> 01:33:58,120
Speaker 19: process on its closure proposals. It began its first closure

1824
01:33:58,160 --> 01:33:59,960
Speaker 19: of the site a couple of years back. It shut

1825
01:34:00,160 --> 01:34:04,040
Speaker 19: down three they're called Amazon Fresh stores, and then it

1826
01:34:04,160 --> 01:34:07,120
Speaker 19: opened its first UK grocery stores I mentioned a couple

1827
01:34:07,120 --> 01:34:09,519
Speaker 19: of years earlier, but now they are all on the

1828
01:34:09,920 --> 01:34:12,160
Speaker 19: on the off list as well. It's a very tough

1829
01:34:12,320 --> 01:34:14,760
Speaker 19: market to break into the food market here and the

1830
01:34:15,680 --> 01:34:19,640
Speaker 19: sales of it and the existing four or five supermarket

1831
01:34:19,720 --> 01:34:23,160
Speaker 19: giants have a real stronghold, which even the independence I

1832
01:34:23,240 --> 01:34:24,960
Speaker 19: think struggle again sometimes.

1833
01:34:25,160 --> 01:34:28,280
Speaker 2: Sounds like something we know a little bit about here too. Gevin,

1834
01:34:28,360 --> 01:34:30,840
Speaker 2: thank you for that. Devin Gray, a UK correspondent time

1835
01:34:30,920 --> 01:34:34,400
Speaker 2: leaven Away from seven To those who are interested in

1836
01:34:34,560 --> 01:34:37,200
Speaker 2: south Winded Upper I am because it's a beautiful part

1837
01:34:37,200 --> 01:34:39,280
Speaker 2: of New Zealand, but also because I traveled there a

1838
01:34:39,320 --> 01:34:42,600
Speaker 2: little bit. They the decision about Cape Palliser and this

1839
01:34:42,760 --> 01:34:45,280
Speaker 2: is the south Winded Up a district council Kate Palliser,

1840
01:34:45,439 --> 01:34:49,160
Speaker 2: beautiful area. Lots of people go mountain biking, lots of

1841
01:34:49,200 --> 01:34:52,040
Speaker 2: people go fishing, lots of people. There's a recreational use

1842
01:34:52,160 --> 01:34:54,280
Speaker 2: for the area and they were looking at closing the

1843
01:34:54,360 --> 01:34:58,920
Speaker 2: paper road. They proposed a ban and there was huge

1844
01:34:58,960 --> 01:35:02,000
Speaker 2: pushback as you can mentioned, from fishes, from all sorts

1845
01:35:02,000 --> 01:35:05,320
Speaker 2: of different people. Anyway, they have decided they have ruled.

1846
01:35:05,960 --> 01:35:09,599
Speaker 2: The vehicle ban gets the nod. There was burnouts, there

1847
01:35:09,800 --> 01:35:12,120
Speaker 2: was sort of destruction of land, all this kind of

1848
01:35:12,120 --> 01:35:15,360
Speaker 2: stuff going on. The council has voted today to go

1849
01:35:15,520 --> 01:35:20,080
Speaker 2: ahead with the ban. Pedestrians, cyclists, They will obviously be

1850
01:35:20,120 --> 01:35:23,240
Speaker 2: able to get around it. This is just for cars vehicles.

1851
01:35:23,760 --> 01:35:26,839
Speaker 2: For wel drives ten to seven, it's.

1852
01:35:26,720 --> 01:35:29,680
Speaker 1: The heather too for see Alan Drive Full show podcast

1853
01:35:29,840 --> 01:35:32,799
Speaker 1: on iHeartRadio powered by Newstalk ZIBB.

1854
01:35:33,920 --> 01:35:36,679
Speaker 2: Eight to seven News Talk zibby. Jimmy Kimmel's back and he's.

1855
01:35:36,600 --> 01:35:40,560
Speaker 5: Crying it's important to me as a human and that

1856
01:35:40,760 --> 01:35:44,080
Speaker 5: is you understand that it was never my intention to

1857
01:35:44,200 --> 01:35:46,800
Speaker 5: make light of the murder of a young man.

1858
01:35:47,280 --> 01:35:49,679
Speaker 2: Very sad, is it or is it performing?

1859
01:35:49,880 --> 01:35:50,040
Speaker 3: You know?

1860
01:35:50,200 --> 01:35:52,880
Speaker 2: Is that crocodile tears? And you be the judge. The

1861
01:35:53,000 --> 01:35:55,679
Speaker 2: thing is, he's back a lot of the stations because

1862
01:35:55,720 --> 01:35:58,519
Speaker 2: it's very different over in the US. It's not like

1863
01:35:58,640 --> 01:36:01,320
Speaker 2: here where you just have one network that would carry

1864
01:36:01,360 --> 01:36:03,679
Speaker 2: your show. You've got a whole bunch of different local

1865
01:36:03,720 --> 01:36:06,240
Speaker 2: stations that have decided they're not going to take Jimmy

1866
01:36:06,320 --> 01:36:09,240
Speaker 2: Kimmel's show anymore, Thanks very much. Even though he's apologized,

1867
01:36:09,880 --> 01:36:11,920
Speaker 2: even though he's done the twenty eight minute monologue in

1868
01:36:11,960 --> 01:36:15,439
Speaker 2: which he basically makes tries to make amends for everything

1869
01:36:15,479 --> 01:36:19,960
Speaker 2: that he said. Personally, my view is that what he

1870
01:36:20,080 --> 01:36:24,840
Speaker 2: said was not very It was distasteful given the timing.

1871
01:36:25,479 --> 01:36:28,280
Speaker 2: But you can't cancel everybody just because they have an

1872
01:36:28,320 --> 01:36:32,439
Speaker 2: opinion that's regressive. Seven away from seven and you're on

1873
01:36:32,560 --> 01:36:35,519
Speaker 2: news Talk said, be very quickly a little update on population.

1874
01:36:35,680 --> 01:36:39,200
Speaker 2: It's another little tidbit from Treasury's long term fiscal statement.

1875
01:36:39,280 --> 01:36:42,400
Speaker 2: This looks ahead for forty years. What's going to happen

1876
01:36:42,479 --> 01:36:44,679
Speaker 2: with the government expenditure, et cetera. What's going to happen

1877
01:36:44,760 --> 01:36:47,479
Speaker 2: with stuff like migration. Well, net migration has been much

1878
01:36:47,560 --> 01:36:51,759
Speaker 2: higher than projected. This means population has aged more slowly

1879
01:36:52,120 --> 01:36:54,920
Speaker 2: because you have migrants coming in who are younger, and

1880
01:36:55,479 --> 01:36:58,280
Speaker 2: that adds to the working age population. They are paying

1881
01:36:58,400 --> 01:37:01,640
Speaker 2: tax that take the sting out of some of that

1882
01:37:02,600 --> 01:37:06,200
Speaker 2: expensive health and superannuation costs that you pay for an

1883
01:37:06,200 --> 01:37:10,719
Speaker 2: aging population. So, based on the calculations they did last

1884
01:37:10,800 --> 01:37:15,799
Speaker 2: time Treasury forecast, it's actually migration was higher than expected,

1885
01:37:15,840 --> 01:37:18,280
Speaker 2: which means those costs were less than expected, which is

1886
01:37:18,320 --> 01:37:20,720
Speaker 2: actually a good thing. Still doesn't get us out of

1887
01:37:20,760 --> 01:37:23,080
Speaker 2: the mess that we're going to be in in forty

1888
01:37:23,200 --> 01:37:26,840
Speaker 2: years time when they reckon government debt will be two

1889
01:37:26,920 --> 01:37:31,839
Speaker 2: hundred percent of GDP News Talk CEB, great show today, everybody.

1890
01:37:31,880 --> 01:37:33,800
Speaker 2: Thank you very much, Libby. What are we going out

1891
01:37:33,840 --> 01:37:34,320
Speaker 2: to tonight?

1892
01:37:34,560 --> 01:37:37,439
Speaker 31: We're going out to Rita. Aura's a brand new song

1893
01:37:37,560 --> 01:37:41,960
Speaker 31: called All Natural and it's come out with a very

1894
01:37:42,120 --> 01:37:45,519
Speaker 31: sultory music video to go with it, which is directed

1895
01:37:45,600 --> 01:37:46,839
Speaker 31: by her her husband.

1896
01:37:47,400 --> 01:37:48,400
Speaker 11: Take away tity.

1897
01:37:49,320 --> 01:37:51,639
Speaker 2: Funny thing about Rita url I heard the other day

1898
01:37:51,880 --> 01:37:56,599
Speaker 2: is these two ends of this street in pointshev in Auckland,

1899
01:37:57,439 --> 01:38:00,400
Speaker 2: which is a suburb which has got very wealthy homes

1900
01:38:00,479 --> 01:38:03,400
Speaker 2: and then has some not so wealthy homes. And apparently

1901
01:38:03,479 --> 01:38:06,320
Speaker 2: locals say because she obviously and Tiger have bought a

1902
01:38:06,360 --> 01:38:08,200
Speaker 2: house that people say, are you at the rita or

1903
01:38:08,439 --> 01:38:14,040
Speaker 2: end or the kying or end? An'm quite entertaining anyway,

1904
01:38:14,120 --> 01:38:16,559
Speaker 2: I think her house is worth ten million bucks five

1905
01:38:16,640 --> 01:38:19,600
Speaker 2: to seven. You just talk seip b see tomorrow the.

1906
01:38:19,720 --> 01:38:34,200
Speaker 21: On montals and a club tonightom right now going to

1907
01:38:34,320 --> 01:38:37,840
Speaker 21: left the left room, hep twere and Si so.

1908
01:38:40,520 --> 01:38:43,120
Speaker 3: Fresh air in the ocean field half.

1909
01:38:43,479 --> 01:38:47,360
Speaker 21: We spend a few after in the mallible.

1910
01:38:53,360 --> 01:38:54,240
Speaker 6: Is there one make you?

1911
01:39:02,880 --> 01:39:03,800
Speaker 7: I know you're like that.

1912
01:39:06,760 --> 01:39:11,080
Speaker 2: I don't need turn in there to mesm you bean.

1913
01:39:11,760 --> 01:39:15,479
Speaker 21: We talk and make me bury this party like.

1914
01:39:15,600 --> 01:39:20,080
Speaker 3: Honey, sit back and watch the more we start getting

1915
01:39:20,200 --> 01:39:25,080
Speaker 3: a car. It's so mutual, it's so much.

1916
01:39:24,960 --> 01:39:30,960
Speaker 21: You A wht you hongcome stepson, come between me.

1917
01:39:31,240 --> 01:39:33,840
Speaker 3: I'm the superstar Mom.

1918
01:39:35,400 --> 01:39:39,960
Speaker 21: Yes, I'm looking at Hunco and Bac pass hold on, Tidy,

1919
01:39:40,520 --> 01:39:42,320
Speaker 21: Are you ready for the play?

1920
01:39:42,920 --> 01:39:43,599
Speaker 8: Are you creaking?

1921
01:39:43,840 --> 01:39:46,160
Speaker 3: Bar? You can feel like you.

1922
01:39:48,000 --> 01:39:51,080
Speaker 21: Comes to like you being so we talk can make

1923
01:39:51,160 --> 01:39:55,960
Speaker 21: me bury this Curdy like Harney, Sit back and watch

1924
01:39:56,000 --> 01:39:57,640
Speaker 21: the mom and my start.

1925
01:39:58,200 --> 01:39:59,040
Speaker 17: Getting a car.

1926
01:40:00,040 --> 01:40:10,080
Speaker 7: You talk.

1927
01:40:13,000 --> 01:40:15,440
Speaker 3: Like Honey back to watch.

1928
01:40:19,520 --> 01:40:20,240
Speaker 6: So much.

1929
01:40:21,880 --> 01:40:21,920
Speaker 11: So.

1930
01:40:28,920 --> 01:40:32,080
Speaker 1: For more from Hither duplessy Alan Drive, listen live to

1931
01:40:32,200 --> 01:40:35,200
Speaker 1: news talks It'd be from four pm weekdays, or follow

1932
01:40:35,280 --> 01:40:37,000
Speaker 1: the podcast on iHeartRadio