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Speaker 1: New Zealand's voice of reason is Mike the Mic asking

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Speaker 1: breakfast with Bailey's real Estate, your local experts across residential,

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Speaker 1: commercial and rural news Talksdad been.

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Speaker 2: Morning and welcome today. The Prime Minister's in, the Reserve

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Speaker 2: Bank governor is in. We have a blueprint the author's

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Speaker 2: claim can fix the so called supermarket problems. Tammy neil

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Speaker 2: Sin is in for a chatterhead of Tonight's Music Awards.

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Speaker 2: Joe McKenna in Italy. Rod Liddle gives us what's what's

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Speaker 2: from Britainsky Bow First the morning, Welcome to it, seven

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Speaker 2: past six. Now call me superficial, but to watch the

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Speaker 2: Reserve Bank heavyweights lined up as I did yesterday afternoon

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Speaker 2: post their cash rake decision. You are not seeing dynamism there.

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Speaker 2: Believe me. These people outwardly do not fill you with

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Speaker 2: any sense of excitement. The Reserve Bank, I think, is

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Speaker 2: in a spot and as a result, so are we

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Speaker 2: as a country. The couple of semi interesting things happened yesterday,

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Speaker 2: and in fact one very interesting thing. They voted five

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Speaker 2: to one to cut. They don't vote often. They also

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Speaker 2: offered alternative scenarios. They haven't done that for five years.

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Speaker 2: Alternative scenarios are not a good sign in my mind,

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Speaker 2: have enough of them usually making stuff up. I mean,

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Speaker 2: anyone can drum up alternative scenarios. What I want to

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Speaker 2: hear from and more from the experts, is what's actually

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Speaker 2: going on. The important stuff is that they've got no

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Speaker 2: bias now on further cuts. A lot of people thought,

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Speaker 2: including me, we would get a cut yesterday, followed by

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Speaker 2: one more, possibly two more, the so called neutral rate,

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Speaker 2: that cash rate would settle at two seven five or

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Speaker 2: two point five. That now seems to be off the table.

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Speaker 2: Why they argue inflation, which is what drives them, that's

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Speaker 2: their mandate, is in the band. Trouble with that is

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Speaker 2: it's only just in the band. It's heading more towards

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Speaker 2: the top of the band. And here's the really big part.

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Speaker 2: Growth or large dollops of growth are not driving this inflation.

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Speaker 2: We're barely growing, if growing at all. And yet inflation

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Speaker 2: is still a thing that's not good for an economy,

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Speaker 2: and it's certainly not good for government. See the government,

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Speaker 2: namely Willis and Luxon. They leap and have leapt on

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Speaker 2: each announcement talking about the money coming back into the

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Speaker 2: economy as the interest rates drop. If the bank isn't cutting,

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Speaker 2: rates aren't dropping, and we aren't spending or feeling remotely bullish.

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Speaker 2: The RB doesn't care that much because they're f fixated

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Speaker 2: on inflation, whether it's driven by factors beyond our control,

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Speaker 2: things like insurance or shipping or councils and rates, or

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Speaker 2: what we really want growth. Yes, we've had growth in

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Speaker 2: Q one, quite good growth. The live GDP track of

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Speaker 2: those got Q two up a bit, but not much,

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Speaker 2: and it has anual numbers still in the negative. Inflation

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Speaker 2: trending up. What we need, broadly speaking, in the economy's help.

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Speaker 2: We're in a quagmire. We need to extricate ourselves out of.

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Speaker 2: The RB doesn't look like they're that interested.

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Speaker 3: Why News of the world in ninety seconds, War.

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Speaker 2: News War I of the Germans all over this long

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Speaker 2: range missile thing for Ukraine.

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Speaker 4: There will be no range limits on these. Ukraine will

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Speaker 4: be able to fully defend itself, including against military targets

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Speaker 4: outside its own territory.

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Speaker 2: Zelenski happy.

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Speaker 4: The Russians are using dozens of cruise missiles, ballistic missiles

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Speaker 4: and hundreds of drones in order to protect lives in

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Speaker 4: our cities.

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Speaker 5: We need constant support.

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Speaker 3: And air defense War II.

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Speaker 4: We have very important agreements with Germany about air defense

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Speaker 4: War two.

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Speaker 2: The Israelis are claiming again they've got Sinhwa, who was

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Speaker 2: the black behind the October Right.

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Speaker 4: Kussano thought, we've killed tens of thousands of terrorists. We

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Speaker 4: killed dive Haania Yahya Sinhoa and Mohammad Sinha.

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Speaker 2: Meantime, the United Nations hearing from people who've been in Gaza.

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Speaker 6: I did not see or treat a single combatant during

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Speaker 6: my five weeks in Gaza. My patients were six year

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Speaker 6: olds with shrapnels in their heart and bullets in their brains,

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Speaker 6: and pregnant women whose pelvises had been obliterated and their

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Speaker 6: fetuses cut into while still in the womb.

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Speaker 2: Are the matters. The Harvard script with Trump continues to

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Speaker 2: reverberate all over the World's appointments for visas for students

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Speaker 2: to cancel. The social media search is now being wide

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Speaker 2: and old, and the money stopped.

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Speaker 7: It's hard to worry too much about this when you're

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Speaker 7: around students' current students that are about to graduate had

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Speaker 7: jobs lined up and are unclear as to whether they're

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Speaker 7: going to be able to take those jobs.

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Speaker 2: Then in Liverpool still a lot of quick about the

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Speaker 2: other day he.

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Speaker 7: Was at least five hundred yards day in the road

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Speaker 7: before you got anywhere near the first people he hit.

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Speaker 3: And he was lapped through there.

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Speaker 2: In my opinion, he should not have got anywhere near

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Speaker 2: or Finally, you study by the division of sleep at

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Speaker 2: Brigham and Women's Hospital, so founded on average, a snoozer,

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Speaker 2: you know, when you beep and you hit snooze, takes

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Speaker 2: an extra eleven minutes after their first alarm. That adds

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Speaker 2: up to about a night's worth of sleep every month.

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Speaker 2: And because you're waking up then going sort of back

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Speaker 2: to sleep, you're not allowing your body more time in

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Speaker 2: the old rim. Now RIM's the good stuff that helps

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Speaker 2: the cognitive function in the memory can also lower your

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Speaker 2: mood if you don't get enough rem so you are

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Speaker 2: better off carrying on sleeping. So, in other words, set

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Speaker 2: your alarm later, use up the time you would have

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Speaker 2: snoozed actually sleeping, and then when it does go get up. Yes,

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Speaker 2: world mighty, what have I got? An inflation? More inflation

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Speaker 2: than they thought in Britain, beef is driving. That's so

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Speaker 2: two point eight percent for the latest month so that's

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Speaker 2: not good. This is happening all over the world. Australia yesterday,

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Speaker 2: same story. They thought two point three came in at

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Speaker 2: two point four. You see my point. More on the

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Speaker 2: RB throughout the morning, twelve past six.

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Speaker 1: The Mike Hosking Breakfast Full Show podcast on Aheart Radio

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Speaker 1: How of My News talks.

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Speaker 2: EB if you've missed it, the Love Affairs over. Elon

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Speaker 2: Muskus says, is those work is all being undone by

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Speaker 2: this big, beautiful bill. It's not going to help the

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Speaker 2: nation's finances, which of course it's not, because it's going

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Speaker 2: to increase the debt. I think a bill can be big.

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Speaker 2: I think a bill can be beautiful, but I don't

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Speaker 2: think they can be both. So that's Elon and Trump.

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Speaker 2: I overmind you, A lot of us saw that coming

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Speaker 2: fifteen pass right open. J My Wealth Andrew kelliher, good morning,

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Speaker 2: Good morning, Mike. What do you make of yesterday?

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Speaker 8: Well, it was a little more interesting than I thought

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Speaker 8: it would be. Yeah, we got the twenty five basis

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Speaker 8: point cut didn't, but it wasn't quite as simple as that.

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Speaker 8: So I think, as you've been talking about, the decision

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Speaker 8: was not a consensus decision, and we don't, as you said,

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Speaker 8: we don't often see them vote.

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Speaker 5: So they had two options.

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Speaker 8: They could leave the raid at three and a half

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Speaker 8: or reduce it to three and a quarter five one.

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Speaker 8: So there was a dissenting member there. Well, the thing is, Mike,

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Speaker 8: the market voted on this as well, because wholesale interest

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Speaker 8: rates moved up after the announcement, And look in the

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Speaker 8: wholesale markets, Mike, a ten basis point move in the

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Speaker 8: five year in the five year rate, that's a decent move.

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Speaker 8: So interest rates were higher. Now, on the face of it,

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Speaker 8: the announcement was as expected, twenty five basis point cut

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Speaker 8: slightly lower four track for the ocr now seen at

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Speaker 8: two point eight to five by the end of the year.

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Speaker 8: That's the average in the last quarter of the year. Now,

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Speaker 8: that could imply a two point seventy five per cent

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Speaker 8: rate by the end of the year, or it could

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Speaker 8: just be how the RBNZ model sort of works out.

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Speaker 5: I suppose, just sort of step through their commentary.

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Speaker 8: Inflations within the band New Zealand economy is recovering after

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Speaker 8: a period of contraction. Inflationary expectations we've talked about those.

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Speaker 8: They noted they've increased projections for global economic growth have

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Speaker 8: weakened since the February statement. On balance, Mike, the committee,

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Speaker 8: the Monetary Policy Committee expects the increasing global tariffs to

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Speaker 8: result in less inflationary pressure and then the zeal economy.

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Speaker 8: But this is the butt. Here's where the uncertainty starts

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Speaker 8: to kick in. So the MPs has a central case.

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Speaker 8: Remember yesterday I said, you know there's going to have

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Speaker 8: they could have these an alternative scenario. Well they've got

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Speaker 8: alternative scenarios, so they've.

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Speaker 5: Covered all the bases. So there's two of them.

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Speaker 8: There's a demand shock scenario. That's when you get negative

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Speaker 8: global demand, you get a reduced demand for our exports,

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Speaker 8: you get potentially some product dumping here, and that means

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Speaker 8: from Decembro on was they'd.

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Speaker 5: Need a lower OCR.

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Speaker 8: But there's also the supply shock scenario. So you get

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Speaker 8: negative global supply shock. You know, supply chains are all

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Speaker 8: mucked up, import prices are higher, the exchange rate is lower.

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Speaker 5: That means inflation is a problem.

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Speaker 8: So the OCR has to go higher from Decembron was

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Speaker 8: as well. So what they've got, Mike, is they've got

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Speaker 8: optionality could go either way from their point of view.

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Speaker 5: That makes sense, but it doesn't really help correct everyone else,

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Speaker 5: does it.

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Speaker 2: You know, sorry to interrupt your fly, but you can't

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Speaker 2: anyone can come up with that.

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Speaker 8: Yeah, this is the problem you sort of and it

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Speaker 8: does make you wonder, doesn't it about?

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Speaker 5: You know, you used to have quite a strong character

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Speaker 5: as the governor.

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Speaker 2: You might not have.

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Speaker 8: Always agreed with him, but you had a you know,

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Speaker 8: you had a view. There seems to be less of

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Speaker 8: a view here now. They could argue that this is

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Speaker 8: just the turning point. This is what happens when you

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Speaker 8: get to the turning point, uncertainly starts to creep in.

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Speaker 5: But Hawksby said that the Arvin said, doesn't have a

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Speaker 5: bias over the next move.

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Speaker 8: So the language about the next move is not unequivocal.

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Speaker 8: It's not a certainty. That's a key theme. So you're

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Speaker 8: on the first reading it seemed dubvish, oh see downtrack

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Speaker 8: a bit low, but it's actually a hawkish cut, and

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Speaker 8: that market expectations were more dubvish than what we got.

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Speaker 5: So you know, you're left with the grand.

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Speaker 8: Populace, the hoy pelloi out there and say what does

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Speaker 8: this mean for mortgage rapel? Well, and the answer is.

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Speaker 8: It depends which scenario plays out.

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Speaker 2: He's not doing us any favors as far as I

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Speaker 2: can do. He looked new, and he kept looking at

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Speaker 2: his mates and Silk and coming. Look, they look like

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Speaker 2: they've been locked in a room for two weeks and

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Speaker 2: don't know what the hell's going on.

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Speaker 8: Yeah, look, look, by its nature, it's an uncertain point

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Speaker 8: of time.

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Speaker 5: But isn't that when you want leadership?

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Speaker 2: Correct? Couldn't agree more Infratil Fisher they all seem good.

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Speaker 8: Yeah, yeah, good results, but sort of you wouldn't but

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Speaker 8: you wouldn't think it to look at how the market

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Speaker 8: has reacted because the index was down, the insect fifty

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Speaker 8: index down one point seventy five percent.

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Speaker 5: So let's try and sort of encapsulate this very quickly,

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Speaker 5: very succinctly.

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Speaker 8: They were good results, but the market's reacted to the

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Speaker 8: forward guidance. So in a fishing Pole healthcare, solid result,

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Speaker 8: revenue up sixteen percent, over two billion dollars of revenue

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Speaker 8: for the first time and expecting further growth. But the

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Speaker 8: market was expecting more from twenty twenty six. So they've

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Speaker 8: got higher revenue, but the market just market wanted more.

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Speaker 8: You've got to remember Fish and Piper is historically very

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Speaker 8: conservative over their guidance infratil. That's a complicated business, heaps

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Speaker 8: and moving parts. There was a six percent down reaction

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Speaker 8: in the shaf Proce yesterday. Big increase in the value

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Speaker 8: of data tend to CDC sixty three point six. Actually,

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Speaker 8: one thing I do want to note here, Mike, absolutely

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Speaker 8: massive lift in the fees paid to Morrison and Co.

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Speaker 8: Three hundred and forty six point nine million dollars worth

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Speaker 8: of fees. They could single handedly those the people at

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Speaker 8: Morrison Co. Kickstart the Wellington economy.

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Speaker 2: Without who Morrison Co is Old James shawon't it e?

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Speaker 2: He's gone gone for the good? What on earth's going

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Speaker 2: on with Eboss by the way, a billion Cyboss selling?

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Speaker 2: What are they doing?

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Speaker 5: Cybos Well?

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Speaker 8: Cyboss is the investment vehicle associated with the Zwelling family.

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Speaker 8: Their business merged with Ebos back in twenty thirteen. After

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Speaker 8: the market closed last night, they've sold a big chunk

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Speaker 8: of shares, almost a billion dollars worth of shares. Massive

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Speaker 8: You could see some selling on the market today for

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Speaker 8: institutional investors to fund that.

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Speaker 5: But a big exciting stuff mate, Well is.

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Speaker 2: It okay or worrying one or the other. Now, what

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Speaker 2: are the numbers the.

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Speaker 8: Doubt Well, everyone's waiting for everyone's waiting for Nvidio to

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Speaker 8: announce it. Within a couple of hours, the Dow Jones

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Speaker 8: is down one point three percent, the S and P

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Speaker 8: five hundred down point one five percent, and the Nasdaq

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Speaker 8: is barely moved. The forty one hundred foul points five

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Speaker 8: nine percent overnight, the NICKK barely moved, Shangho coms that

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Speaker 8: barely moved. The A six two hundred lost point one

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Speaker 8: three percent is to eight three ninety six, and we

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Speaker 8: closed at twelve thousand, three hundred and sixty two, down

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Speaker 8: one point seventy five percent. Kiwi dollar point five nine

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Speaker 8: sixty one against the US but nine twenty seven five

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Speaker 8: Ozzie point five two seven eight euro point four four

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Speaker 8: to two five pounds eighty six point three six Japanese

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Speaker 8: end gold three thousand, two hundred ninety six dollars break

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Speaker 8: through sixty five dollars and four cents.

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Speaker 2: Good Man, see you tomorrow, appreciated. Andrew kelliherjoemowealth dot co

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Speaker 2: dot m z pasket mentions on KFC seven thousand new

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Speaker 2: jobs across the UK and Ireland. They're investing one and

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Speaker 2: a half billion pounds, so three billion dollars for new restaurants.

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Speaker 2: First ever British restaurant was sixty years ago in Preston.

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Speaker 2: New stores, five hundred new sites, one thousand restaurants across

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Speaker 2: the UK and island. Jobs galore. Just what Britain needs

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Speaker 2: more fried chicken six twenty one at news Talk said.

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Speaker 1: The Vic Asking Breakfast Full Show podcast on iHeartRadio power

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Speaker 1: by News Talks at b.

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Speaker 2: Tell you what she's a bit doer this morning. European

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Speaker 2: businesses have never been more gloomy about China. Ever, there's

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Speaker 2: the EU Chamber of Commerce annual survey seventy three percent

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Speaker 2: of them doing business in China became more difficult in

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Speaker 2: the past. Yeah, that's not good. Meantime, watch out for

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Speaker 2: cann sardines. It's a recession indicator in America and they're

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Speaker 2: worried about They're having sea tutory parties and see tutory boards.

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Speaker 2: Sardines A four ninety nine A can in America are

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Speaker 2: searching on Google has gone through the roof for Newi's

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Speaker 2: Portuguese sardines and spice olive oil. That's up twenty seven

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Speaker 2: hundred and fifty percent in terms of searches. Brunswick sardines

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Speaker 2: and olive oil up four thousand percent. Everyone's buying sardines

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Speaker 2: because they can't afford to eat properly. Recessions coming six

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Speaker 2: twenty five.

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Speaker 1: Trending now with Chemist Warehouse, Mayhem megasl on now.

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Speaker 2: And then you come to the Obamas, who have got

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Speaker 2: headlines galore of late. Firstly the rumors of marital strife,

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Speaker 2: Barright going out to dinner of it by himself, and

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Speaker 2: you're only getting interested in that. Then Michelle turns up

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Speaker 2: and her podcast talks about going into therapy because her

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Speaker 2: kids have left home. Then just yesterday though good news,

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Speaker 2: they were spotted on date night in New York. So

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Speaker 2: presumably that's the marriage thing sorted out, unless the whole

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Speaker 2: thing's a scam and they said let's go out and

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Speaker 2: just get photographed together, and really it's you know. Anyway,

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Speaker 2: back in DC where am I Security issues, two thirty

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Speaker 2: in the morning, two female Secret Service Uniform Division officers

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Speaker 2: are caught on camera fighting. It is alleged it was

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Speaker 2: started because one was late to replace the other. Here's

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Speaker 2: a sense of where it was heading. What this girl's ass.

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Speaker 2: Both have been suspended tending investigation going on what.

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Speaker 5: This girl's ass.

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Speaker 2: Then we come to the New Zealand Initiative Eric Crampton.

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Speaker 2: Like Eric might get into a fight with him. So

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Speaker 2: he's got a blueprint for supermarkets and his argument is

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Speaker 2: some of it makes sense. He goes, look, people want

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Speaker 2: to come into the country and they're being held back

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Speaker 2: by regulation. Now, I would argue, the government's already talked

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Speaker 2: about this, talked about this ad nauseum, and people like

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Speaker 2: Nichola Willis are gripped by the banks and gripped by

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Speaker 2: the supermarkets. Let's say Eric's right. What he argues is,

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Speaker 2: if somebody wants to come into the country, let's do

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Speaker 2: a one stop shop. Let's just go where do you

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Speaker 2: want to be? And I say, right, my costing supermarkets.

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Speaker 2: I've got twenty seven locations and they go right, we'll

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Speaker 2: clear them all at once, wear housing shops, clear the

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Speaker 2: whole thing at once. Tick that box, get into it.

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Speaker 2: My argument is, even if you did that, which and

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Speaker 2: that makes sense, Even if you did that, who is

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Speaker 2: it that's out there that's just desperate to get into

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Speaker 2: a market of five million people that hasn't already looked

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Speaker 2: at it already and gone, you know what, the place

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Speaker 2: is too small. It's the airlines, it's the banks all

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Speaker 2: over again, same old argument, same old result. But we'll

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Speaker 2: talk to Eric about that shortly. Then we'll get the

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Speaker 2: Prime Minister in the studio after seven o'clock and box

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Speaker 2: them about the years on all sorts of interesting issues. Meantime,

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Speaker 2: the news is.

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Speaker 9: Next Mike Hostgame insightful, engaging and vitally the Mic Hosking

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Speaker 9: Breakfast with a Vida, Retirement, Communities, Life Your Way, Youth

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Speaker 9: talks head been.

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Speaker 2: Just and we've heard from mister Labrov, who is in

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Speaker 2: charge of Foreign A fears for the Russians. He's suggesting

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Speaker 2: Istanbul for some peace talks this coming Monday. I think

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Speaker 2: we've been here before, didn't We sort of stand by

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Speaker 2: for a bit of action in Turkey that never really

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Speaker 2: came to pass. So we've heard nothing from the Ukrainians.

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Speaker 2: So we've got an update of sorts, not on that

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Speaker 2: particular suggestion on Putin could be Iran, could be Gaza.

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Speaker 2: Earlier on from Trump.

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Speaker 10: We're not happy about that situation. I think we're we're

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Speaker 10: doing very well with Iran. I think we're doing very

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Speaker 10: well with Gaza, but we are doing very well with Iran,

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Speaker 10: and I think we're going to see some some something

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Speaker 10: very sensible, because there are only two outcomes, you know,

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Speaker 10: with the two outcomes, there's a smart outcome and there's

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Speaker 10: a violent outcome, and I don't think anybody wants to

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Speaker 10: see the second. But I think we're we've made a

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Speaker 10: lot of progress and we'll see.

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Speaker 2: Fortunately that sorts, that doesn't it. I'm so glad you're

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Speaker 2: seeing that gas is going well because I'm watching something different.

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Speaker 2: Twenty two minutes away from seven Jose in Europe, shortly

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Speaker 2: back here, the New Zealand Initiative back this morning, looking

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Speaker 2: into this much debated supermarket setup of ours. They've got

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Speaker 2: a blueprint, they claim fast track plans for rezoning, consenting,

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Speaker 2: investment clearance and more neutral stamps required for the government.

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Speaker 2: Eric Crampton, chief Economist, as well 's Eric, morning to you.

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Speaker 11: Good morning.

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Speaker 2: You're talking already to a partially converted government. The government

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Speaker 2: seem to be on your side. Is there something Why

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Speaker 2: haven't they done what you're suggesting? If what you're suggesting

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Speaker 2: is workable.

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Speaker 11: I think that they're expecting that resource management reform that

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Speaker 11: Minister Bishop is progressing will solve the problem, and we

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Speaker 11: hope that they're right. But the government is in a

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Speaker 11: big hurry to affect faster changes competition in the sector.

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Speaker 11: This will give them a pathway to do that on

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Speaker 11: the timetable that Minister Willis is looking towards, and it

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Speaker 11: would bring forward the kinds of changes that we're expecting

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Speaker 11: from the next set of resource management reforms.

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Speaker 2: Why haven't they thought of what you've thought of?

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Speaker 11: I expect that they would have been told that it

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Speaker 11: was too it would take too long to put together

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Speaker 11: the kind of package that we've put together. The bureaucracy

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Speaker 11: moves a little bit more slowly than we do. We

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Speaker 11: think that this could be drafted fairly quickly and then

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Speaker 11: introduced by the Christmas.

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Speaker 2: Why would you block out for a free thinker, Why

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Speaker 2: would you, in looking to fast track all the people

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Speaker 2: who want to come to the country legitately opened supermarkets,

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Speaker 2: block the current players out of that process if they

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Speaker 2: wanted to do something with the new rules as.

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Speaker 11: Well, well, we have that sunset it actually, so the

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Speaker 11: Minister is really keen on getting new entrants, so she's

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Speaker 11: talking about some pretty dramatic moves for doing that ones

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Speaker 11: that don't respect property rates very well and introduce a

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Speaker 11: lot of uncertainty into the sector. We're suggest suggesting that

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Speaker 11: a new entrant should get a head start, give them

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Speaker 11: five years with access to this kind of planning framework

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Speaker 11: to find out whether all of the planning barriers are

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Speaker 11: really what's been holding somebody back, because there have been

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Speaker 11: a lot of allegians that supermarkets are earning super profits. Well,

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Speaker 11: international grocers they love profits as much as anybody else,

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Speaker 11: So if those profits are real and we get rid

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Speaker 11: of the barriers, they should be jumping in at the

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Speaker 11: end of that window. Open it up to everybody so

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Speaker 11: that existing grocers could go in real head to head

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Speaker 11: competition because right now, town plans often forbid there from

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Speaker 11: being more than one supermarket in the place, or limit

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Speaker 11: the size of the supermarkets so they can't compete with

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Speaker 11: each other too much. It's insane. We need to change it.

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Speaker 11: This will enable more entry or expansion from an existing

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Speaker 11: small New Zealand player.

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Speaker 2: But you're rigging the market, and what if you're wrong,

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Speaker 2: and what if you kill the supermarkets in the main

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Speaker 2: time while they're sitting there whiting for five years for

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Speaker 2: a whole cluster to unfold.

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Speaker 11: Well, they've already got an awful lot of stores, they

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Speaker 11: would continue with those. This would let a new entrant

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Speaker 11: come in get themselves established before the existing ones started expanding.

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Speaker 2: Jeez. So you're on the same side as the government.

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Speaker 2: There is something wrong with the market. Yeah, And simple.

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Speaker 11: Terms, what is wrong with the market is that it's

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Speaker 11: been basically like, you can't say illegal because you wouldn't

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Speaker 11: throw somebody in jail for trying to start up a supermarket.

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Speaker 11: But the processes that we have layered on top of

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Speaker 11: any of this make it effectively illegal. Like maybe a

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Speaker 11: costco can come in and set up one big site

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Speaker 11: and that's awesome, but it's been pretty much impossible to

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Speaker 11: set up a new version of like wool Worth or

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Speaker 11: New World or like a tesco.

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Speaker 3: And you are apart.

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Speaker 2: You are confident that if you did this, there are

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Speaker 2: people out there globally at scale that would go we're

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Speaker 2: in boots and.

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Speaker 11: All I'm not. This is this is a way of

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Speaker 11: discovering it, right. So the minister has been going out

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Speaker 11: trying to find international entrance. You hear scuttle about around

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Speaker 11: town of various players who may have said said no,

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Speaker 11: but that's all within the existing planning framework that makes

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Speaker 11: it painful to try to enter the new deal in market.

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Speaker 11: This lets us discover whether a new entrant would really

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Speaker 11: want to come in and whether there really are superprofits

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Speaker 11: here to be chasing after all.

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Speaker 2: Right, Good to have you on the program as always.

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Speaker 2: Eric Crampton, who's the chief economist at the New Zealand Initiative,

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Speaker 2: nineteen minutes away from seven task at very good news

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Speaker 2: on touris Milford Track sold out in thirty minutes yesterday,

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Speaker 2: which is these are part of the Great Walks. They

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Speaker 2: opened for booking. Last couple of years been a mess

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Speaker 2: because the website's crashed. I don't have a breakdown of

435
00:20:18,200 --> 00:20:20,399
Speaker 2: how many people are local and how many are international

436
00:20:20,760 --> 00:20:23,680
Speaker 2: because that's a revenue scream issue for another day perhaps,

437
00:20:23,680 --> 00:20:27,480
Speaker 2: But it worked well allegedly yesterday eleven eight hundred people.

438
00:20:28,080 --> 00:20:31,359
Speaker 2: We're in the Milford Q chasing just seventy one hundred spots.

439
00:20:31,400 --> 00:20:34,160
Speaker 2: Very Taylor swift, doesn't it really? Twenty three five hundred

440
00:20:34,160 --> 00:20:36,119
Speaker 2: bookings so far across all the Great Walks. You can

441
00:20:36,160 --> 00:20:38,040
Speaker 2: still get access to the Able Tasman and the HEAFI,

442
00:20:38,119 --> 00:20:40,880
Speaker 2: but the hot ones are already gone. Eighteen to two.

443
00:20:42,200 --> 00:20:46,800
Speaker 1: The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered

444
00:20:46,800 --> 00:20:47,800
Speaker 1: by News Talks EP.

445
00:20:49,560 --> 00:20:52,520
Speaker 2: Mike, our primary exporter is going well. I'm in international

446
00:20:52,520 --> 00:20:55,080
Speaker 2: logistics with a broad client base and we're pretty good

447
00:20:55,119 --> 00:20:58,800
Speaker 2: barometer for importers. We've been waiting a year for economic turnaround.

448
00:20:58,800 --> 00:21:01,520
Speaker 2: It's actually getting worse. Our money comes from customers and

449
00:21:01,560 --> 00:21:03,520
Speaker 2: the volume of imports it's been down up to thirty

450
00:21:03,520 --> 00:21:05,720
Speaker 2: percent for a year in the last few months, even worse.

451
00:21:05,760 --> 00:21:07,280
Speaker 2: There's a hell of a lot of pain out there.

452
00:21:07,680 --> 00:21:09,879
Speaker 2: Very good point. I'll come back to it in the moment.

453
00:21:09,960 --> 00:21:14,320
Speaker 12: Six forty five International correspondence with ends and eye insurance,

454
00:21:14,440 --> 00:21:16,400
Speaker 12: peace of mind for New Zealand business and I've.

455
00:21:16,280 --> 00:21:19,560
Speaker 2: Got to get to early Joe morning, Good morning mine.

456
00:21:19,600 --> 00:21:20,959
Speaker 2: So what are they cooked up here? So we've got

457
00:21:20,960 --> 00:21:24,399
Speaker 2: the manufacturer's got the service companies and they're bandying together

458
00:21:24,600 --> 00:21:27,440
Speaker 2: and it's Disneyland timers. Is that how it's going to happen?

459
00:21:28,760 --> 00:21:32,640
Speaker 13: Well, Confine Austria, the largest employers group in Italy, wants

460
00:21:33,320 --> 00:21:39,440
Speaker 13: greater government action stimulation to help investment, support and support

461
00:21:39,480 --> 00:21:43,159
Speaker 13: these businesses to boost Italy's GDP by two percent. I

462
00:21:43,200 --> 00:21:46,439
Speaker 13: think that's a little ambitious, an urgent government action to

463
00:21:46,720 --> 00:21:50,240
Speaker 13: control energy costs, which are among the highest in Europe,

464
00:21:50,240 --> 00:21:51,120
Speaker 13: if not the highest.

465
00:21:51,400 --> 00:21:53,439
Speaker 2: Right any sense that the government might be interested in

466
00:21:53,440 --> 00:21:54,320
Speaker 2: doing something.

467
00:21:54,080 --> 00:21:57,160
Speaker 13: Like this, well, I think there's a lot of respect

468
00:21:57,240 --> 00:22:01,080
Speaker 13: between the employers and Georgia Maloney, the minister. She says

469
00:22:01,119 --> 00:22:06,720
Speaker 13: she's open to offering greater support and wants to simplify bureaucracy.

470
00:22:07,000 --> 00:22:09,920
Speaker 13: She's made that promise before we're waiting for action. She

471
00:22:09,960 --> 00:22:12,520
Speaker 13: wants to look at energy costs. But you know, I

472
00:22:12,560 --> 00:22:16,080
Speaker 13: think really they really need to see some demonstration that

473
00:22:16,119 --> 00:22:19,320
Speaker 13: the government is going to offer greater support, particularly on energy.

474
00:22:19,400 --> 00:22:21,159
Speaker 2: Would you call her broadly pro business?

475
00:22:22,600 --> 00:22:25,520
Speaker 13: Definitely pro business, and I think they love her. They

476
00:22:25,720 --> 00:22:32,280
Speaker 13: see some very good action so far, particularly pledging to,

477
00:22:32,400 --> 00:22:36,480
Speaker 13: for example, redirect fifteen billion euros from the pandemic recovery

478
00:22:36,520 --> 00:22:40,320
Speaker 13: funds to boost employment and productivity. She's done some big

479
00:22:40,359 --> 00:22:43,320
Speaker 13: deals internationally and I think they see her as very

480
00:22:43,359 --> 00:22:43,919
Speaker 13: pro business.

481
00:22:44,040 --> 00:22:46,360
Speaker 2: See the reason I asked that is given she's from

482
00:22:46,440 --> 00:22:49,200
Speaker 2: the center, right, how much of it's about her going

483
00:22:49,240 --> 00:22:50,960
Speaker 2: how about you guys get your BacT together and get

484
00:22:50,960 --> 00:22:53,520
Speaker 2: on with doing business? Is what conservatives are all about

485
00:22:53,520 --> 00:22:55,760
Speaker 2: business meet handing out endless amounts of government money.

486
00:22:57,280 --> 00:22:59,280
Speaker 13: Yeah, but I thought I think we saw her cut

487
00:22:59,320 --> 00:23:05,320
Speaker 13: back the support for unemployed and people who were relying

488
00:23:05,359 --> 00:23:07,840
Speaker 13: on government benefits. When she first came in. That was

489
00:23:07,880 --> 00:23:10,400
Speaker 13: one of the big beefs of employers and she took

490
00:23:10,480 --> 00:23:13,800
Speaker 13: action immediately. And I think that's been an indication of

491
00:23:13,840 --> 00:23:17,800
Speaker 13: her support for them. And let's see what happens next

492
00:23:17,920 --> 00:23:20,159
Speaker 13: because the government, because the economy is not in very

493
00:23:20,160 --> 00:23:20,600
Speaker 13: good shape.

494
00:23:21,720 --> 00:23:23,280
Speaker 2: We had mate, We've talked to you the other day

495
00:23:23,280 --> 00:23:26,400
Speaker 2: about Macron. He's been in Vietnam, of course, so he

496
00:23:26,520 --> 00:23:28,960
Speaker 2: now is going to meet Maloney with a view to

497
00:23:28,960 --> 00:23:31,080
Speaker 2: what they'm actually getting on once and for all or not.

498
00:23:31,960 --> 00:23:34,960
Speaker 13: Yeah. Well, as we know, they haven't gotten on very

499
00:23:34,960 --> 00:23:37,879
Speaker 13: well in the past. We've seen certain incidents, including the

500
00:23:37,920 --> 00:23:40,840
Speaker 13: G seven Inmpornia last year, where they had a very

501
00:23:40,920 --> 00:23:44,240
Speaker 13: cool encounter with each other. They're going to have a

502
00:23:44,280 --> 00:23:48,440
Speaker 13: bilateral meeting next week and I think that's being described

503
00:23:48,480 --> 00:23:51,360
Speaker 13: by the Italian media as a thaw in relations. So

504
00:23:51,480 --> 00:23:52,640
Speaker 13: let's see what comes up there.

505
00:23:52,720 --> 00:23:55,880
Speaker 2: Is that a personal thing or just an ideological thing.

506
00:23:57,280 --> 00:23:59,720
Speaker 13: I think it's a bit of both. Really. I think

507
00:23:59,800 --> 00:24:04,640
Speaker 13: it's it's really a personal thing. On the other hand,

508
00:24:04,680 --> 00:24:09,080
Speaker 13: we've seen what an amazing relationships she's forged with American

509
00:24:09,119 --> 00:24:13,199
Speaker 13: President Donald Trump, and Keirs Darmer loves her. So I

510
00:24:13,200 --> 00:24:15,400
Speaker 13: think it's really a personality thing.

511
00:24:15,560 --> 00:24:18,639
Speaker 2: Is she likable? You know, if I ask the average Italian,

512
00:24:18,680 --> 00:24:21,399
Speaker 2: I mean, does she come across as a likable, engaging

513
00:24:21,400 --> 00:24:22,320
Speaker 2: person or not? Really?

514
00:24:23,440 --> 00:24:26,800
Speaker 13: I think she strikes a good balance of being tough

515
00:24:26,880 --> 00:24:31,160
Speaker 13: when she's required, and her voice is certainly very harsh.

516
00:24:32,400 --> 00:24:35,080
Speaker 13: It doesn't really match her appearance, and yet at other

517
00:24:35,160 --> 00:24:38,840
Speaker 13: times she reaches out to mothers and families and has

518
00:24:38,880 --> 00:24:40,480
Speaker 13: a way of really balancing the two.

519
00:24:40,760 --> 00:24:43,320
Speaker 2: Interesting there is the Airbnb. I'm following the Airbnb with

520
00:24:43,320 --> 00:24:45,159
Speaker 2: a great deal of entrist because, of course, in Spain

521
00:24:45,240 --> 00:24:48,120
Speaker 2: they're banning people from running your house as an Airbnb

522
00:24:48,240 --> 00:24:50,280
Speaker 2: because no one can afford the rent there, and the

523
00:24:50,359 --> 00:24:52,520
Speaker 2: sec of tourists and all of that. I had no

524
00:24:52,640 --> 00:24:55,480
Speaker 2: idea in Italy that the host, the owner had to

525
00:24:55,520 --> 00:24:58,000
Speaker 2: meet the person. How annoying would that be. I don't

526
00:24:58,000 --> 00:24:59,880
Speaker 2: want to meet the owner Airbnb.

527
00:25:01,080 --> 00:25:03,720
Speaker 13: I don't think we're seeing a lot of that. We're

528
00:25:03,760 --> 00:25:07,120
Speaker 13: still seeing the key boxes and the remote check ins,

529
00:25:07,960 --> 00:25:11,160
Speaker 13: and now we've seen a court decision saying that they

530
00:25:11,560 --> 00:25:14,359
Speaker 13: don't have to meet forcing people to meet their guests

531
00:25:14,400 --> 00:25:18,240
Speaker 13: in person when they check in. So I think now

532
00:25:18,280 --> 00:25:22,160
Speaker 13: we're going to see some pushback because Italian police had

533
00:25:22,280 --> 00:25:27,160
Speaker 13: banned the remote check ins in December, and we've seen

534
00:25:27,680 --> 00:25:33,760
Speaker 13: government officials actually chopping the devices outside apartments. So there's

535
00:25:33,760 --> 00:25:34,960
Speaker 13: still plenty of debate about that.

536
00:25:35,200 --> 00:25:37,200
Speaker 2: Oh it's pleasure, Jo see next week. I appreciate it

537
00:25:37,280 --> 00:25:39,800
Speaker 2: very much. Joe mckenner out of Italy World Tuesdays and

538
00:25:39,800 --> 00:25:42,440
Speaker 2: Thursdays because, as I keep saying, Catherine's wow and must

539
00:25:42,480 --> 00:25:44,160
Speaker 2: ask him when she comes back from Finland what it's

540
00:25:44,200 --> 00:25:46,399
Speaker 2: like to go to Finland ten minutes away from seven.

541
00:25:46,640 --> 00:25:51,840
Speaker 1: The Mike Hosking breakfast with Alvida Retirement Communities news dogs had.

542
00:25:51,640 --> 00:25:54,199
Speaker 2: Been by Mike worst recession since nineteen ninety. The commercial

543
00:25:54,280 --> 00:25:56,520
Speaker 2: sectors lost its mojo. Mel I'm happy to tell you

544
00:25:56,520 --> 00:25:59,040
Speaker 2: you're wrong. We're not in recession, and we haven't been

545
00:25:59,040 --> 00:26:00,760
Speaker 2: for a while. We have had sessions, but we are

546
00:26:00,760 --> 00:26:02,840
Speaker 2: no longer in one. But here's my point. This goes

547
00:26:02,880 --> 00:26:05,000
Speaker 2: back to our friend who text is about the importing.

548
00:26:05,240 --> 00:26:07,840
Speaker 2: First of all, importing it could be a good sign.

549
00:26:08,440 --> 00:26:10,080
Speaker 2: I mean it's not. I'm just arguing for the sake

550
00:26:10,080 --> 00:26:11,399
Speaker 2: of but it could be a good sign because we

551
00:26:11,440 --> 00:26:13,399
Speaker 2: don't want to import as much as we sell. We

552
00:26:13,440 --> 00:26:17,080
Speaker 2: want to export more. We want to import less, generally speaking.

553
00:26:17,119 --> 00:26:19,560
Speaker 2: But if we're importing less, that generally means demand is down.

554
00:26:19,560 --> 00:26:21,480
Speaker 2: When demand is down, we're not spending money. That's bad

555
00:26:21,520 --> 00:26:24,880
Speaker 2: for the economy. So here's my problem with Christian Hawksby yesterday,

556
00:26:25,640 --> 00:26:27,199
Speaker 2: and this is what's wrong with the mandate for the

557
00:26:27,200 --> 00:26:29,639
Speaker 2: Reserve Bank. And this is why it dovetails into the

558
00:26:29,680 --> 00:26:31,560
Speaker 2: government of the problems they've got with the Reserve Bank

559
00:26:31,560 --> 00:26:35,479
Speaker 2: and its current mandate. So Hawksby is busy waxing lyrical

560
00:26:35,560 --> 00:26:40,600
Speaker 2: yesterday about the exporters, about dairy, about meat, about Kiwi fruit,

561
00:26:40,680 --> 00:26:43,000
Speaker 2: all of which of course is true. But he's looking

562
00:26:43,240 --> 00:26:46,040
Speaker 2: at the economy and totality. And I liken it to

563
00:26:46,080 --> 00:26:47,760
Speaker 2: having ten people in the room, and ten people in

564
00:26:47,800 --> 00:26:49,440
Speaker 2: the room, you go, look what we need to do, guys,

565
00:26:49,480 --> 00:26:52,240
Speaker 2: is raise one hundred bucks. And the one person i e.

566
00:26:52,359 --> 00:26:54,760
Speaker 2: The dairy, the Kiwi fruit, the wine exporter goes I've

567
00:26:54,760 --> 00:26:57,199
Speaker 2: got the hundred done, and Hawksby goes, oh cool, Well

568
00:26:57,240 --> 00:26:59,320
Speaker 2: that's our problem. Solved, doesn't it Meantime, nine people haven't

569
00:26:59,359 --> 00:27:02,200
Speaker 2: got work and he's not looking at the individual sets

570
00:27:02,240 --> 00:27:05,080
Speaker 2: of circumstances within the economy, and that's what's wrong with

571
00:27:05,119 --> 00:27:08,200
Speaker 2: the Reserve Bank. I would also go further and suggest,

572
00:27:08,200 --> 00:27:11,200
Speaker 2: and he said it himself, that he and the committee

573
00:27:11,480 --> 00:27:13,240
Speaker 2: have been locked away in a room for over a

574
00:27:13,280 --> 00:27:15,280
Speaker 2: week now. The problem with being locked away in a

575
00:27:15,359 --> 00:27:17,960
Speaker 2: room with wonks is you're looking at whiteboards and bits

576
00:27:18,000 --> 00:27:20,359
Speaker 2: of paper and you're not engaged in the real world.

577
00:27:20,400 --> 00:27:23,000
Speaker 2: And I can tell you for nothing being engaged as

578
00:27:23,040 --> 00:27:25,400
Speaker 2: I am every single day in the real world. Yes,

579
00:27:25,400 --> 00:27:27,840
Speaker 2: your farm is doing well and fantastic, and yes we're

580
00:27:27,880 --> 00:27:31,560
Speaker 2: selling wine and Kooby fruit, But go downtown Auckland, downtown Wellington,

581
00:27:31,600 --> 00:27:34,880
Speaker 2: downtown christ Church, look at hospit, look at retail, look

582
00:27:34,880 --> 00:27:38,280
Speaker 2: at the services sector, look at the mood. It's not healthy.

583
00:27:38,760 --> 00:27:40,639
Speaker 2: And if he then comes out and goes well because

584
00:27:40,640 --> 00:27:43,639
Speaker 2: all the people sold stuff overseas were okay and so

585
00:27:43,720 --> 00:27:46,720
Speaker 2: there's maybe no more cuts, that's where the trouble comes in.

586
00:27:47,040 --> 00:27:49,119
Speaker 2: So more from the Prime Minister shortly five to seven.

587
00:27:50,119 --> 00:27:51,359
Speaker 3: While the ins and the.

588
00:27:51,400 --> 00:27:55,440
Speaker 1: Outs, it's the fears with business fiber take your business

589
00:27:55,440 --> 00:27:57,439
Speaker 1: productivity to the next level when.

590
00:27:57,280 --> 00:27:59,960
Speaker 2: We come to this energy So we've got to serve

591
00:28:00,280 --> 00:28:03,640
Speaker 2: carried out by the Auckland Business Chamber, businesses believe they're

592
00:28:03,680 --> 00:28:06,080
Speaker 2: getting a stiff deal, but are reluctant to speak out

593
00:28:06,119 --> 00:28:09,280
Speaker 2: for fear of commercial retaliation from major energy supplies. So

594
00:28:09,400 --> 00:28:11,840
Speaker 2: is this real or is everyone paranoid? Eighty eight percent

595
00:28:11,880 --> 00:28:13,840
Speaker 2: of respond and say their energy costs have increased in

596
00:28:13,880 --> 00:28:16,760
Speaker 2: the last year. Well, it's no news there. Just under

597
00:28:16,760 --> 00:28:19,280
Speaker 2: fifty percent described them as highly concerning as they should be.

598
00:28:19,320 --> 00:28:22,200
Speaker 2: Two percent say they'd rather not say. Seventy percent say

599
00:28:22,200 --> 00:28:24,640
Speaker 2: that their costs have increased by a large to very

600
00:28:24,760 --> 00:28:28,800
Speaker 2: large amount. Survey points that it's unclear as to whether

601
00:28:28,840 --> 00:28:31,800
Speaker 2: there would be retaliation from the gent tailors if rising

602
00:28:31,920 --> 00:28:34,320
Speaker 2: energy costs were made public, but the majority of businesses

603
00:28:34,359 --> 00:28:37,520
Speaker 2: spoken to said they wouldn't do it on record, just

604
00:28:37,560 --> 00:28:40,680
Speaker 2: in case it jeopardized their ability to secure feuture contracts. Now,

605
00:28:41,120 --> 00:28:45,360
Speaker 2: are they paranoid? Are they spineless people? Who? This reminds

606
00:28:45,360 --> 00:28:48,040
Speaker 2: me of COVID and all the business leaders I talked

607
00:28:48,040 --> 00:28:50,840
Speaker 2: to in private that went they're a bunch of bastards

608
00:28:50,880 --> 00:28:53,960
Speaker 2: and they're ruining the country publicly. Well, we've just got

609
00:28:53,960 --> 00:28:56,960
Speaker 2: to do what the government sees. Fifty two percent of businesses,

610
00:28:57,400 --> 00:28:59,840
Speaker 2: so they've increased their prices they charge to customers as

611
00:29:00,080 --> 00:29:03,120
Speaker 2: direct result of rising energy costs. So there's the critical part.

612
00:29:03,440 --> 00:29:07,680
Speaker 2: Once again, we're passing costs on. What's that that's inflationary?

613
00:29:07,960 --> 00:29:11,000
Speaker 2: Is inflation a problem? Yes it is. Did Christian point

614
00:29:11,040 --> 00:29:14,240
Speaker 2: this out yesterday? Yes, he did about a quarter. So

615
00:29:14,360 --> 00:29:17,120
Speaker 2: they cut that production and or cut staff, just under

616
00:29:17,160 --> 00:29:19,479
Speaker 2: twenty percent of canceled little food investment. None of this

617
00:29:19,520 --> 00:29:22,120
Speaker 2: is good for the economy. Are considering eighty percent expect

618
00:29:22,160 --> 00:29:24,680
Speaker 2: prices to rise again in the next year, and this

619
00:29:24,800 --> 00:29:26,480
Speaker 2: is all the renewables business, and we're going to have

620
00:29:26,520 --> 00:29:28,880
Speaker 2: to pay for the future blah blah blah, over seventy

621
00:29:28,880 --> 00:29:31,280
Speaker 2: five percent. So the government should treat addressing high energy

622
00:29:31,320 --> 00:29:34,200
Speaker 2: costs as a high or very high priority. I believe

623
00:29:34,200 --> 00:29:35,840
Speaker 2: that to be the opening questioning for the Prime Minister

624
00:29:35,840 --> 00:29:38,320
Speaker 2: who's going to roll in here very shortly. There's too

625
00:29:38,400 --> 00:29:41,160
Speaker 2: much stuff going on in the economy that they're not

626
00:29:41,280 --> 00:29:44,840
Speaker 2: tackling that they probably could at least have a look at.

627
00:29:45,280 --> 00:29:46,920
Speaker 2: And that's before we get to the leaking in the

628
00:29:46,960 --> 00:29:49,160
Speaker 2: public service, which I've been talking about on this program

629
00:29:49,240 --> 00:29:51,680
Speaker 2: for at least a year. Anyway, Luxom is.

630
00:29:51,680 --> 00:29:57,040
Speaker 1: Next news, opinion and everything in between, the mic costing,

631
00:29:57,120 --> 00:30:00,480
Speaker 1: breakfast with the range Rover, the la design and to

632
00:30:00,600 --> 00:30:02,200
Speaker 1: intrigue and use TODs Dea'd be.

633
00:30:02,280 --> 00:30:04,400
Speaker 2: Well seven minutes past seven. So the illnesses are both

634
00:30:04,480 --> 00:30:06,680
Speaker 2: to the Prime Minister's back and Monday becomes Thursday. That's out,

635
00:30:06,680 --> 00:30:09,040
Speaker 2: works Christopher Luxem as well. It's very good morning to you.

636
00:30:09,120 --> 00:30:10,720
Speaker 14: Good to see you, Mike. I know you're a Gema

637
00:30:10,720 --> 00:30:11,960
Speaker 14: fibe and I would have been here with the has

638
00:30:12,000 --> 00:30:13,600
Speaker 14: mat on Monday and you wouldn't have liked it. So

639
00:30:13,800 --> 00:30:14,600
Speaker 14: I'm here on Thursday.

640
00:30:14,680 --> 00:30:17,000
Speaker 2: Well, I'm glad you're back and feeling better. So just

641
00:30:17,000 --> 00:30:19,240
Speaker 2: before the News, we gave out the Auckland Chamber of

642
00:30:19,280 --> 00:30:22,760
Speaker 2: Commerce Energy. There are energy concerns. First of all from business.

643
00:30:23,240 --> 00:30:26,200
Speaker 2: They're afraid to speak out. They believe they're being ripped

644
00:30:26,240 --> 00:30:28,440
Speaker 2: off by the gen tailors. They're afraid to speak out

645
00:30:28,440 --> 00:30:30,240
Speaker 2: in case when they go for contracts next time they're

646
00:30:30,280 --> 00:30:32,840
Speaker 2: going to be punished for that. Here's the more important part.

647
00:30:33,000 --> 00:30:37,440
Speaker 2: Fifty two percent of businesses say they've increased their prices

648
00:30:38,200 --> 00:30:40,840
Speaker 2: as a direct result of rising energy costs. Yeah.

649
00:30:40,920 --> 00:30:43,320
Speaker 14: Look, I mean there's a number of things on energy.

650
00:30:43,360 --> 00:30:46,000
Speaker 14: I mean our immediate fixation as we've had the oil

651
00:30:46,040 --> 00:30:48,360
Speaker 14: and gas band, which has meant that we're now pushing

652
00:30:48,480 --> 00:30:50,320
Speaker 14: more coal than we are gas, which is not good.

653
00:30:51,080 --> 00:30:53,000
Speaker 14: We've now done as several things in the short term

654
00:30:53,040 --> 00:30:54,280
Speaker 14: to make sure we don't have a repeat of what

655
00:30:54,320 --> 00:30:56,440
Speaker 14: we saw last year, which was we had some of

656
00:30:56,440 --> 00:30:59,640
Speaker 14: the highest wholesale electricity prices in the world at one point.

657
00:31:00,080 --> 00:31:02,520
Speaker 14: That led to people like mills and high energy places

658
00:31:02,560 --> 00:31:03,360
Speaker 14: doing it pretty tough.

659
00:31:03,680 --> 00:31:05,840
Speaker 2: This year. We've got a strategic coal reserve.

660
00:31:05,680 --> 00:31:07,480
Speaker 14: Which we're building, which is not what you want to have,

661
00:31:07,560 --> 00:31:08,800
Speaker 14: but you need to have it so you can keep

662
00:31:08,800 --> 00:31:11,480
Speaker 14: the lights on, keep the prices down. We've got clear

663
00:31:11,520 --> 00:31:14,240
Speaker 14: processes around how we get into the contingent lake storage

664
00:31:14,240 --> 00:31:17,959
Speaker 14: if we need to, and we'll continue to explore how

665
00:31:17,960 --> 00:31:20,440
Speaker 14: we might do importation of LERG directly into the system.

666
00:31:20,800 --> 00:31:25,000
Speaker 14: So you know, I'm just encourage suddenly the Organization Association

667
00:31:25,120 --> 00:31:27,440
Speaker 14: to actually talk to Simon Watts about all those issues,

668
00:31:27,480 --> 00:31:30,040
Speaker 14: because we are very open to hearing about that. We're

669
00:31:30,080 --> 00:31:31,800
Speaker 14: very open to seeing what more we need to do.

670
00:31:32,280 --> 00:31:35,000
Speaker 14: We can't have energy be the constraint on the economy

671
00:31:35,000 --> 00:31:35,680
Speaker 14: and economic growth.

672
00:31:35,760 --> 00:31:37,200
Speaker 2: But this is part of the stuff tells and what

673
00:31:37,240 --> 00:31:39,800
Speaker 2: was happening yesterday with the Reserve Bank and inflation, there

674
00:31:39,840 --> 00:31:42,040
Speaker 2: are still people passing on costs. We had the head

675
00:31:42,040 --> 00:31:44,240
Speaker 2: of the Ports of Auckland yesterday. I can't remember the number,

676
00:31:44,240 --> 00:31:46,360
Speaker 2: but it's a huge number, seventy percent or something like that.

677
00:31:46,360 --> 00:31:48,720
Speaker 2: They're increasing forward trucks to get into the port. He

678
00:31:48,920 --> 00:31:51,200
Speaker 2: argues two things. One, they want to try and jurymander

679
00:31:51,240 --> 00:31:53,080
Speaker 2: the traffic so there's not as much traffic in Auckland.

680
00:31:53,080 --> 00:31:55,160
Speaker 2: Come to a different slot. The other thing he wants

681
00:31:55,160 --> 00:31:56,920
Speaker 2: to do is hand back more money to the council.

682
00:31:56,960 --> 00:32:00,200
Speaker 2: Because the council owns the port. He's charging people more

683
00:32:00,240 --> 00:32:04,000
Speaker 2: money simply because he can. And energy you're charging people

684
00:32:04,000 --> 00:32:06,080
Speaker 2: more money simply because they can.

685
00:32:06,280 --> 00:32:09,240
Speaker 14: Well, that has that mentality when you get inflation down

686
00:32:09,280 --> 00:32:11,520
Speaker 14: at two point two or two point five percent under

687
00:32:11,520 --> 00:32:14,560
Speaker 14: the three percent that that we're expecting prices to stabilize

688
00:32:14,560 --> 00:32:16,120
Speaker 14: across the system. But we're seeing that in the macro.

689
00:32:16,200 --> 00:32:18,840
Speaker 14: We're seeing that in the macro inflation numbers, right are you?

690
00:32:18,880 --> 00:32:20,520
Speaker 14: Well you are because they're down at two point five

691
00:32:20,560 --> 00:32:20,960
Speaker 14: not seven.

692
00:32:21,000 --> 00:32:22,880
Speaker 2: Well, they're trending up towards two point seven, towards the

693
00:32:22,880 --> 00:32:25,160
Speaker 2: top end of the band. That's the problem. My great

694
00:32:25,160 --> 00:32:28,440
Speaker 2: concern is that we're not getting the growth to drive

695
00:32:28,480 --> 00:32:31,480
Speaker 2: and if we had inflation from growth, fantastic, we're getting

696
00:32:31,480 --> 00:32:34,400
Speaker 2: inflation from people charging people more because they can No.

697
00:32:34,520 --> 00:32:36,600
Speaker 14: I think, no, we are seeing real growth in the economy.

698
00:32:36,640 --> 00:32:38,440
Speaker 14: You look at what's happened with you know what you're

699
00:32:38,440 --> 00:32:40,320
Speaker 14: seeing in dairy. You look at red meat another one

700
00:32:40,360 --> 00:32:43,520
Speaker 14: point four billion, two billion dollars this coming year. Look

701
00:32:43,560 --> 00:32:46,080
Speaker 14: at horticulture grew twelve percent in the last twelve months,

702
00:32:46,160 --> 00:32:49,080
Speaker 14: up to eight billion dollars. Tourism growing at twenty three

703
00:32:49,120 --> 00:32:50,760
Speaker 14: percent in terms of spend. So it's a bit two

704
00:32:50,760 --> 00:32:52,560
Speaker 14: speed at the moment. But go around parts of the

705
00:32:52,560 --> 00:32:55,360
Speaker 14: country a tago Southland cannon hawks.

706
00:32:55,400 --> 00:32:57,040
Speaker 2: But go around parts of the country if you're having

707
00:32:57,080 --> 00:32:59,560
Speaker 2: drinks with Christian hawks we last night because here's here's

708
00:32:59,560 --> 00:33:02,880
Speaker 2: his problem. So, yes, that part of the economy is brilliant, fantastic,

709
00:33:02,920 --> 00:33:06,440
Speaker 2: couldn't be happier. Go downtown Auckland, downtown Wellington, tough, it's

710
00:33:06,480 --> 00:33:07,800
Speaker 2: not happening. I agree with you.

711
00:33:07,840 --> 00:33:09,760
Speaker 14: I agree, that's what I'm saying to you, we've been

712
00:33:09,800 --> 00:33:11,720
Speaker 14: through a tough time. We are turning the corner because

713
00:33:11,720 --> 00:33:13,920
Speaker 14: at least you've got you've got change happening. You've got

714
00:33:13,920 --> 00:33:16,239
Speaker 14: some growth happening in different parts of the sector. I

715
00:33:16,240 --> 00:33:18,760
Speaker 14: think there's there's starting to be some growth and manufacturing

716
00:33:18,800 --> 00:33:20,000
Speaker 14: and services, which is good.

717
00:33:20,120 --> 00:33:22,040
Speaker 2: Well there's no growth, no, no, no, you can't, don't, don't,

718
00:33:22,040 --> 00:33:24,840
Speaker 2: don't mislead us. There's growth and manufacturing, ye, multi month

719
00:33:24,880 --> 00:33:27,400
Speaker 2: growth and manufacturing's no growth in services and there hasn't

720
00:33:27,440 --> 00:33:28,120
Speaker 2: been for ages.

721
00:33:28,160 --> 00:33:30,320
Speaker 14: Well we did earlier in the year, have some start

722
00:33:30,360 --> 00:33:32,360
Speaker 14: to growth and it's not as negative as it once was.

723
00:33:32,440 --> 00:33:35,040
Speaker 14: But we've got growth coming in that space. I'm just

724
00:33:35,040 --> 00:33:37,200
Speaker 14: saying to you it's a natural recovery, which is that

725
00:33:37,240 --> 00:33:39,520
Speaker 14: you've got two speed at the moment where you've got

726
00:33:39,520 --> 00:33:41,840
Speaker 14: something it's doing really well, some parts not. It will

727
00:33:41,840 --> 00:33:43,320
Speaker 14: come to Auckland last well.

728
00:33:43,480 --> 00:33:45,640
Speaker 2: But here's where Christian's got the problem. And I don't

729
00:33:45,640 --> 00:33:47,720
Speaker 2: know whether it's his fault, whether it's the mandate's fault,

730
00:33:47,720 --> 00:33:49,600
Speaker 2: but he's talking and I liking it to ten people

731
00:33:49,680 --> 00:33:51,560
Speaker 2: in the room and he's going we need to raise

732
00:33:51,560 --> 00:33:54,240
Speaker 2: one hundred bucks and the dairy farmer number one goes,

733
00:33:54,240 --> 00:33:56,360
Speaker 2: I've got a hundred bucks. We're cool, and he goes, fantastic,

734
00:33:56,360 --> 00:33:59,240
Speaker 2: economy is right and it's not right, and so yesterday's

735
00:33:59,280 --> 00:34:03,080
Speaker 2: busy saying that there are no more cuts coming because

736
00:34:03,240 --> 00:34:04,800
Speaker 2: we're right and we're not right.

737
00:34:05,000 --> 00:34:07,240
Speaker 14: Well, I think, I think my read of it is

738
00:34:07,280 --> 00:34:10,000
Speaker 14: this huge amount of volatility going forward that he's you know,

739
00:34:10,000 --> 00:34:12,760
Speaker 14: that he's trying to navigate. I presume I would expect

740
00:34:12,800 --> 00:34:14,719
Speaker 14: that we would want to see continued interest rate.

741
00:34:14,640 --> 00:34:16,239
Speaker 2: Cuts over the period. That's not what he was saying.

742
00:34:16,480 --> 00:34:18,279
Speaker 14: The second bit. The second bit I just say is

743
00:34:18,320 --> 00:34:21,279
Speaker 14: that you know the economy is coming, you know, we

744
00:34:21,360 --> 00:34:23,040
Speaker 14: are genuinely turning the corner.

745
00:34:23,200 --> 00:34:23,399
Speaker 2: Now.

746
00:34:23,640 --> 00:34:25,520
Speaker 14: The points of fair one which you're making, which is

747
00:34:25,840 --> 00:34:27,720
Speaker 14: how do you make sure it's a much more even

748
00:34:27,840 --> 00:34:31,080
Speaker 14: that everyone feels that right, that's natural, but where you've been,

749
00:34:31,120 --> 00:34:32,800
Speaker 14: where we've been, and then you're trying to get to

750
00:34:32,840 --> 00:34:35,200
Speaker 14: where we're getting to, which is more consistent growth across

751
00:34:35,239 --> 00:34:37,960
Speaker 14: the whole all sectors in the economy. I think things,

752
00:34:38,000 --> 00:34:40,360
Speaker 14: for example, I think, honestly, things like investment boosts are

753
00:34:40,400 --> 00:34:42,799
Speaker 14: going to go really well good honestly, like the number

754
00:34:42,800 --> 00:34:44,359
Speaker 14: of people are spoken to the last that's been.

755
00:34:44,239 --> 00:34:46,319
Speaker 2: The highlight of the budget. When you go talk to.

756
00:34:46,239 --> 00:34:49,239
Speaker 14: Small mini entrep prices in East Tammicky yesterday, that are

757
00:34:49,480 --> 00:34:51,960
Speaker 14: small businesses wanting to invest two hundred thousand dollars in

758
00:34:52,000 --> 00:34:54,360
Speaker 14: a C and C machine that's five times more productive

759
00:34:54,400 --> 00:34:56,480
Speaker 14: than the one they've currently got. I was in a

760
00:34:56,520 --> 00:34:59,520
Speaker 14: place day before yesterday they had equipment from nineteen forty

761
00:34:59,520 --> 00:35:01,480
Speaker 14: eight there, you know, And it's just and it's just

762
00:35:01,520 --> 00:35:03,839
Speaker 14: that that that twenty percent just means that that just

763
00:35:03,960 --> 00:35:07,279
Speaker 14: makes those proposals, those business cases cash flow positive and

764
00:35:07,320 --> 00:35:09,560
Speaker 14: therefore they pull those forward. I reckon you're going to

765
00:35:09,560 --> 00:35:11,600
Speaker 14: see a massive field days, you know this this year

766
00:35:11,640 --> 00:35:13,719
Speaker 14: with people buying tractors and headers and also.

767
00:35:13,480 --> 00:35:16,480
Speaker 2: But once again that's a reflection of the rule of contralads.

768
00:35:16,520 --> 00:35:20,480
Speaker 2: It's true. I know it doesn't flow through to Queen

769
00:35:20,480 --> 00:35:22,000
Speaker 2: Street unless you're a bank.

770
00:35:21,920 --> 00:35:25,560
Speaker 14: But it will ultimately, right, it is, it is, it

771
00:35:25,600 --> 00:35:27,759
Speaker 14: is starting to when you look at our export led

772
00:35:27,840 --> 00:35:29,640
Speaker 14: growth that's actually been happening, which is what you want

773
00:35:29,680 --> 00:35:32,200
Speaker 14: to see. You know, we've had twenty one percent growth

774
00:35:32,239 --> 00:35:33,440
Speaker 14: of the UK with twenty.

775
00:35:33,160 --> 00:35:34,200
Speaker 2: Eight percent growth the EU.

776
00:35:35,040 --> 00:35:38,360
Speaker 14: You know, we've got core core sectors growing really well, tourism,

777
00:35:38,440 --> 00:35:41,560
Speaker 14: education coming back strongly. Those are things that start to

778
00:35:41,560 --> 00:35:44,239
Speaker 14: give you confidence that. That's why I say confidently we

779
00:35:44,280 --> 00:35:45,200
Speaker 14: are turning the corner.

780
00:35:45,200 --> 00:35:45,359
Speaker 15: Good.

781
00:35:45,400 --> 00:35:46,640
Speaker 2: All right, I hope you're right, But I know what

782
00:35:46,719 --> 00:35:47,080
Speaker 2: you're saying.

783
00:35:47,080 --> 00:35:48,680
Speaker 14: It's got to be even it's got to.

784
00:35:48,640 --> 00:35:50,880
Speaker 2: Be more than the whole leaking in the public service.

785
00:35:50,960 --> 00:35:52,239
Speaker 2: Let's take a break and talk about that. In the

786
00:35:52,280 --> 00:35:55,040
Speaker 2: moment thirteen past seven, the.

787
00:35:55,080 --> 00:35:59,480
Speaker 1: High Asking Breakfast Fall Show podcast on iHeartRadio powered by

788
00:35:59,520 --> 00:36:00,080
Speaker 1: News Talk.

789
00:36:00,280 --> 00:36:03,640
Speaker 2: Be you stebe sixteen past eight. The Prime Minister is

790
00:36:03,680 --> 00:36:05,680
Speaker 2: with us just to wrap up the Christian Hawksby thing

791
00:36:05,719 --> 00:36:08,359
Speaker 2: because it was ironic. I saw you and Nicola yet again,

792
00:36:08,400 --> 00:36:10,440
Speaker 2: come out as you do as you should and go

793
00:36:10,760 --> 00:36:13,960
Speaker 2: interest rate cuts fantastic money flowing into the economy. If

794
00:36:14,000 --> 00:36:16,200
Speaker 2: there are no more interest rates cuts, which is what

795
00:36:16,280 --> 00:36:18,520
Speaker 2: I got from Hawksby yesterday, because he's neutral on it,

796
00:36:18,719 --> 00:36:19,600
Speaker 2: then what are you going to say?

797
00:36:19,680 --> 00:36:20,920
Speaker 14: Yeah, well, I mean it, I didn't take that is

798
00:36:20,920 --> 00:36:23,680
Speaker 14: there's no more cuts coming read it.

799
00:36:23,880 --> 00:36:25,040
Speaker 2: He's neutral. You wouldn't have a clue.

800
00:36:25,080 --> 00:36:25,279
Speaker 16: Yep.

801
00:36:25,320 --> 00:36:27,640
Speaker 14: But that doesn't mean that they're not coming right. I mean,

802
00:36:28,440 --> 00:36:30,520
Speaker 14: but that aside, I mean, the cool thing is that

803
00:36:30,560 --> 00:36:32,680
Speaker 14: we've seen a two point two five percent reduction in

804
00:36:32,680 --> 00:36:34,880
Speaker 14: interest rates. If you got a five hundred thousand dollars mortgage,

805
00:36:34,880 --> 00:36:36,680
Speaker 14: that's three hundred dollars a fortnight you've got back in

806
00:36:36,680 --> 00:36:39,239
Speaker 14: your pocket. You're spending back in the economy, as we

807
00:36:39,320 --> 00:36:43,560
Speaker 14: talked about before, strengtheny, retail economy, centering hospitality. I think

808
00:36:43,560 --> 00:36:45,440
Speaker 14: the point I was trying to make yesterday, which you know,

809
00:36:45,480 --> 00:36:47,239
Speaker 14: the opposition like to say, oh, well, you've got nothing

810
00:36:47,280 --> 00:36:48,799
Speaker 14: to do with it. It's all about the reserve bank.

811
00:36:49,200 --> 00:36:51,160
Speaker 14: And the point is you go took to any reserve

812
00:36:51,200 --> 00:36:53,520
Speaker 14: bank governor across the world or any economists, and we

813
00:36:53,560 --> 00:36:56,239
Speaker 14: had a situation where fiscal and monetary policy did not

814
00:36:56,360 --> 00:36:58,799
Speaker 14: work together to actually deal with the challenges we had.

815
00:36:59,160 --> 00:37:02,560
Speaker 14: You had ultimately, you know, or eventually decided to stop

816
00:37:02,600 --> 00:37:04,200
Speaker 14: printing money and put the foot on the brakes, And

817
00:37:04,239 --> 00:37:06,520
Speaker 14: meanwhile Hipkins carried on with the foot on the accelerator,

818
00:37:06,840 --> 00:37:07,520
Speaker 14: spraying it all over.

819
00:37:07,680 --> 00:37:08,120
Speaker 2: Yeah, he did.

820
00:37:08,600 --> 00:37:08,880
Speaker 3: Hawks.

821
00:37:08,880 --> 00:37:10,600
Speaker 2: We let you down on that yesterday because the question

822
00:37:10,680 --> 00:37:12,600
Speaker 2: was reasonably clear, and he said that you're spending all

823
00:37:12,680 --> 00:37:14,600
Speaker 2: lack of spending had nothing to do with it. I'm

824
00:37:14,640 --> 00:37:16,600
Speaker 2: assuming I mean in retro.

825
00:37:17,080 --> 00:37:20,120
Speaker 14: Must think about externalities that might be affected, and it's

826
00:37:20,120 --> 00:37:21,839
Speaker 14: got to do with you have to have those two

827
00:37:21,840 --> 00:37:24,080
Speaker 14: working together. And it's interesting. I saw some great charts

828
00:37:24,080 --> 00:37:26,480
Speaker 14: from Sharon Zola showing exactly that where that when it

829
00:37:26,560 --> 00:37:31,080
Speaker 14: got disjointed, the volatility and you put an excel same

830
00:37:31,120 --> 00:37:32,839
Speaker 14: time cars on the ditch, and that's what happened.

831
00:37:32,680 --> 00:37:35,319
Speaker 2: Exactly, Brian Roach and you and I have talked about

832
00:37:35,320 --> 00:37:37,520
Speaker 2: this a number of times. I think, without blowing my

833
00:37:37,520 --> 00:37:39,080
Speaker 2: own trumpet, I've been proved to be right this this

834
00:37:39,239 --> 00:37:42,160
Speaker 2: this business of leaking in the public service. They don't

835
00:37:42,320 --> 00:37:44,759
Speaker 2: like you, they're out to get you. Well, they may

836
00:37:44,840 --> 00:37:46,920
Speaker 2: not like us. The point is we have a politically

837
00:37:47,000 --> 00:37:48,879
Speaker 2: neutral public service. No you don't know, well, the old

838
00:37:49,120 --> 00:37:49,720
Speaker 2: bunch of leakers.

839
00:37:49,800 --> 00:37:51,520
Speaker 14: Well, we've got some leakers, I mean, I think, and

840
00:37:51,560 --> 00:37:54,160
Speaker 14: the problem is those leaks actually undermine the actual other

841
00:37:54,200 --> 00:37:56,200
Speaker 14: people in the public service are actually very very good,

842
00:37:56,560 --> 00:37:59,160
Speaker 14: and I think that's pretty unfair. So I don't know

843
00:37:59,239 --> 00:38:03,560
Speaker 14: whether it's more less than what other governments have encountered. Well,

844
00:38:03,600 --> 00:38:05,479
Speaker 14: I mean, we've just got to keep reiterrating the point,

845
00:38:05,600 --> 00:38:07,359
Speaker 14: and we've got to keep investigating them when they happen

846
00:38:07,400 --> 00:38:07,799
Speaker 14: if we can.

847
00:38:08,360 --> 00:38:10,839
Speaker 2: But because I'm more worried about what it does.

848
00:38:10,800 --> 00:38:13,200
Speaker 14: To undermine the public service. Now, the question is you

849
00:38:13,280 --> 00:38:16,600
Speaker 14: can in a democracy, you can do wholesale regime change

850
00:38:16,640 --> 00:38:18,200
Speaker 14: like you do in the US when a new government

851
00:38:18,280 --> 00:38:21,600
Speaker 14: comes in at the political appointees. Even in Australia, there's

852
00:38:21,600 --> 00:38:23,960
Speaker 14: a period of time where there's political appointments made early

853
00:38:24,040 --> 00:38:26,520
Speaker 14: in a new government. I don't think New Zealanders want that.

854
00:38:26,640 --> 00:38:29,840
Speaker 14: They like the idea of a politically neutral public service.

855
00:38:30,320 --> 00:38:33,120
Speaker 14: I think we've got relatively few leaks. I know, you know,

856
00:38:33,200 --> 00:38:35,200
Speaker 14: it's frustrating when you see it, but the bottom line

857
00:38:35,280 --> 00:38:37,440
Speaker 14: is compared to the amount of work we're doing. I mean,

858
00:38:37,480 --> 00:38:40,640
Speaker 14: we turned fifty two bills into law last year in

859
00:38:40,760 --> 00:38:42,840
Speaker 14: our first year, first part.

860
00:38:42,719 --> 00:38:43,040
Speaker 2: Of the year.

861
00:38:43,120 --> 00:38:45,040
Speaker 14: I mean, that's that's incredible. No one's done that for age.

862
00:38:45,040 --> 00:38:47,000
Speaker 14: It's a more work I think in half a term

863
00:38:47,040 --> 00:38:48,840
Speaker 14: than people have done in two terms in recent history.

864
00:38:48,920 --> 00:38:51,000
Speaker 2: So you know, there's a lot of threeput.

865
00:38:50,680 --> 00:38:54,279
Speaker 14: Going through and I just think it's disappointing because it

866
00:38:54,360 --> 00:38:56,200
Speaker 14: undermines the public service. And I think you know that's

867
00:38:56,239 --> 00:38:57,200
Speaker 14: a sision for Brian's get.

868
00:38:57,120 --> 00:38:59,840
Speaker 2: It Derrick A. Stamford, India. Is that a beta that I.

869
00:39:00,280 --> 00:39:02,719
Speaker 14: Mean it personally it is. I mean, she could have

870
00:39:02,760 --> 00:39:04,879
Speaker 14: expressed herself better get it. But what she was really

871
00:39:04,920 --> 00:39:07,920
Speaker 14: saying was she gets hit with a whole bunch of

872
00:39:08,040 --> 00:39:10,320
Speaker 14: unsolicited emails from people all over the world wanting to

873
00:39:10,360 --> 00:39:11,279
Speaker 14: come to New Zealand.

874
00:39:11,040 --> 00:39:11,759
Speaker 5: And plead their case.

875
00:39:12,719 --> 00:39:14,960
Speaker 14: You know, in this case, it was to her personal emails.

876
00:39:15,320 --> 00:39:17,759
Speaker 14: That's just not right, you know, she was she was

877
00:39:17,800 --> 00:39:19,160
Speaker 14: dealing with that as she was saying the volume of

878
00:39:19,239 --> 00:39:21,440
Speaker 14: what she's got. But you know, there's no you know,

879
00:39:21,480 --> 00:39:23,040
Speaker 14: I'm very relaxed about it. You know, we've got a

880
00:39:23,080 --> 00:39:26,200
Speaker 14: great relationship with our gen counterparts. We've already met face

881
00:39:26,239 --> 00:39:29,319
Speaker 14: to face on the FTA negotiations, you know, and that's

882
00:39:29,360 --> 00:39:30,840
Speaker 14: still got lots of momentum, which is I.

883
00:39:30,880 --> 00:39:33,320
Speaker 2: Only got one minute left, and this isn't your department.

884
00:39:33,400 --> 00:39:35,160
Speaker 2: But it does dovetail into what's.

885
00:39:34,960 --> 00:39:36,799
Speaker 14: Wrong with about pass service number twenty seven.

886
00:39:36,960 --> 00:39:41,040
Speaker 2: It's not close, though, wyuku four hundred thousand dollars to

887
00:39:41,160 --> 00:39:44,600
Speaker 2: build a raised pedestrian crossing. Explain to me how it

888
00:39:44,760 --> 00:39:48,080
Speaker 2: costs four hundred thousand dollars to do that. Yep, I've

889
00:39:48,080 --> 00:39:48,720
Speaker 2: got no idea.

890
00:39:49,120 --> 00:39:51,439
Speaker 14: It's a short answer, but I've said, for four hundred

891
00:39:51,440 --> 00:39:53,000
Speaker 14: thousand dollars, I'll go out and do a working beyond

892
00:39:53,000 --> 00:39:53,840
Speaker 14: the weekend myself.

893
00:39:53,960 --> 00:39:56,759
Speaker 2: But but but that sees everything that's wrong with this

894
00:39:56,840 --> 00:39:58,879
Speaker 2: country right now, It doesn't it in terms of pospectivity

895
00:39:59,040 --> 00:39:59,879
Speaker 2: and expend.

896
00:40:00,000 --> 00:40:01,520
Speaker 14: I've got to be in the arena trying to turn

897
00:40:01,560 --> 00:40:03,719
Speaker 14: it around, and I know it's frustrating, and I get

898
00:40:03,840 --> 00:40:06,399
Speaker 14: hit with the stuff each and every day. But by God,

899
00:40:06,480 --> 00:40:08,000
Speaker 14: we've got to get more right than wrong, and we've

900
00:40:08,000 --> 00:40:09,560
Speaker 14: got to keep trying, keep swinging.

901
00:40:09,320 --> 00:40:12,280
Speaker 2: All right, Christa A luxem It is twenty past seven.

902
00:40:14,080 --> 00:40:18,719
Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio, how

903
00:40:18,800 --> 00:40:20,000
Speaker 1: It by News Talk SEP.

904
00:40:22,400 --> 00:40:24,640
Speaker 2: Now. Over the past few years, Hollywood has undergone a

905
00:40:24,719 --> 00:40:27,040
Speaker 2: huge transformation, as I'm sure you're well aware, but the

906
00:40:27,520 --> 00:40:30,840
Speaker 2: type that is the cruise, Tom Cruise has relentlessly succeeded

907
00:40:30,880 --> 00:40:34,040
Speaker 2: through all of that. He's back as Ethan Hunt. Of course,

908
00:40:34,160 --> 00:40:37,160
Speaker 2: final film Mission Impossible franchise. We got the new Mission Impossible,

909
00:40:37,200 --> 00:40:40,239
Speaker 2: which is the final Rickoning directed by Christopher Macquarie. The

910
00:40:40,320 --> 00:40:42,319
Speaker 2: film brings all the dynamic action that you've love from

911
00:40:42,320 --> 00:40:44,919
Speaker 2: the Mission Impossible franchise for the past almost thirty years.

912
00:40:45,680 --> 00:40:49,440
Speaker 2: Mission Impossible, The Final Reckoning is not hitting the brakes on.

913
00:40:49,560 --> 00:40:52,080
Speaker 2: The action does all his own stunts. It's brilliant, Tom Cruise.

914
00:40:52,080 --> 00:40:56,640
Speaker 2: He's alongside Angelo Bassett, Simon Pegg haileyat Will reprising all

915
00:40:56,680 --> 00:40:58,800
Speaker 2: their roles. The film is jam packed with exhilarators and

916
00:40:58,840 --> 00:41:01,840
Speaker 2: thrilling drama all right up and an explosive spectacle that

917
00:41:01,880 --> 00:41:06,000
Speaker 2: demonstrates exceptional Hollywood filmmaking at its finest. So make sure

918
00:41:06,040 --> 00:41:10,000
Speaker 2: you check out Mission Impossible, The Final Reckoning. It's in cinemas,

919
00:41:10,040 --> 00:41:14,040
Speaker 2: now get your tickets. It is rated M Pasky seven

920
00:41:14,080 --> 00:41:17,359
Speaker 2: twenty three. I'm here actually as it happens this morning,

921
00:41:17,400 --> 00:41:20,400
Speaker 2: to help Chris Sipkins the Chipster. The Chipster was in

922
00:41:20,480 --> 00:41:22,600
Speaker 2: the building this week. I said hello to him. He

923
00:41:22,680 --> 00:41:24,880
Speaker 2: asked me when I was dropping the blacklist that I

924
00:41:24,960 --> 00:41:27,480
Speaker 2: have on him appearing on this program. I said he

925
00:41:27,560 --> 00:41:29,640
Speaker 2: had appeared already once this year, and that was plenty.

926
00:41:29,960 --> 00:41:31,960
Speaker 2: We both laughed. What I like about him is he

927
00:41:32,000 --> 00:41:34,520
Speaker 2: doesn't seem to take any of this personally. He knows

928
00:41:34,719 --> 00:41:36,920
Speaker 2: I think he's hopeless, and he knows I think he

929
00:41:37,000 --> 00:41:39,239
Speaker 2: wrecked the country. And he's playing the long game, and

930
00:41:39,360 --> 00:41:41,520
Speaker 2: he knows. I know he will be back next year

931
00:41:41,600 --> 00:41:43,440
Speaker 2: in the election campaign, and if he wins, he'll be

932
00:41:43,520 --> 00:41:45,320
Speaker 2: back as a regular on this program, which brings me

933
00:41:45,440 --> 00:41:48,760
Speaker 2: to the help. In Australia, this week their labor government

934
00:41:48,960 --> 00:41:51,799
Speaker 2: approved the extension of a massive gas project would site

935
00:41:51,920 --> 00:41:54,719
Speaker 2: Are Australia's largest gas producer, and before the word came

936
00:41:54,760 --> 00:41:57,080
Speaker 2: from the government, the company had launched a fairly vigorous

937
00:41:57,080 --> 00:41:59,880
Speaker 2: and as it turns out, effective campaign reminding us all that.

938
00:42:00,000 --> 00:42:01,600
Speaker 2: So if you want to look at Spain the other

939
00:42:01,680 --> 00:42:03,560
Speaker 2: day and in the various parts of Europe that have

940
00:42:03,640 --> 00:42:05,800
Speaker 2: been spending increasing periods of time in the dark, you

941
00:42:05,880 --> 00:42:09,400
Speaker 2: will find they became obsessed with renewables and that obsession

942
00:42:09,520 --> 00:42:15,200
Speaker 2: has led to blackouts. Continuity and consistency of supply, Woodside argued,

943
00:42:15,640 --> 00:42:18,760
Speaker 2: is just as important as where you get your energy. Anyway,

944
00:42:19,120 --> 00:42:22,480
Speaker 2: Labour gave them the tick. Yes, the conservationists are upset,

945
00:42:22,520 --> 00:42:25,080
Speaker 2: but then again aren't they always. The point for Hipkins

946
00:42:25,640 --> 00:42:28,239
Speaker 2: is this is a labor government, a labor government that

947
00:42:28,400 --> 00:42:31,160
Speaker 2: romped home in an election just the other day in Australia,

948
00:42:31,160 --> 00:42:35,319
Speaker 2: a labor government with a gargantuan majority. Why because it's

949
00:42:35,360 --> 00:42:38,239
Speaker 2: what you would call an old fashioned labor government, a

950
00:42:38,320 --> 00:42:41,440
Speaker 2: labor government of old, a centrist labor government, not a wote, handwringing,

951
00:42:41,520 --> 00:42:44,439
Speaker 2: ideologically obsessed labor government of say, twenty twenty through twenty

952
00:42:44,520 --> 00:42:47,239
Speaker 2: twenty three. In this particular country. Think of the great

953
00:42:47,320 --> 00:42:51,680
Speaker 2: labour names Blair, Hawk, Longee. There your labor governments of success.

954
00:42:51,920 --> 00:42:55,560
Speaker 2: Hipkins is your labor government of failure. Albanezi has clearly

955
00:42:55,640 --> 00:42:57,680
Speaker 2: learned the lessons of history and worked them nicely to

956
00:42:57,800 --> 00:43:00,160
Speaker 2: his favor. Yes he can be sent a left, but

957
00:43:00,239 --> 00:43:02,480
Speaker 2: the lights will always be on. See last time the

958
00:43:02,560 --> 00:43:05,640
Speaker 2: Chipster was in charge, we stop looking for gas altogether,

959
00:43:06,239 --> 00:43:08,439
Speaker 2: and as far as I know, he wouldn't start looking again.

960
00:43:08,960 --> 00:43:11,560
Speaker 2: That's the sort of thinking that leads to blackouts, and

961
00:43:11,680 --> 00:43:15,520
Speaker 2: in an electorate that doesn't see you as viable posking

962
00:43:15,840 --> 00:43:19,080
Speaker 2: Back to coffee, which stubtails into my ongoing ankst around couriers.

963
00:43:19,680 --> 00:43:22,279
Speaker 2: So reportags this morning suggesting being and once again you

964
00:43:22,320 --> 00:43:24,319
Speaker 2: know what's happening with the price of coffee in terms

965
00:43:24,400 --> 00:43:27,720
Speaker 2: of price per pound, price per kilo. No mad coffee

966
00:43:27,760 --> 00:43:30,680
Speaker 2: group of commenting this morning, and they're suggesting in reality

967
00:43:30,719 --> 00:43:32,839
Speaker 2: we're going to be facing ten dollars a cup before

968
00:43:32,840 --> 00:43:35,000
Speaker 2: you know it. So currently it's easily seven dollars. And

969
00:43:35,040 --> 00:43:36,879
Speaker 2: I asked this question earlier on the week. I said,

970
00:43:37,000 --> 00:43:40,800
Speaker 2: at what point would you pull the pen? And my

971
00:43:40,920 --> 00:43:43,320
Speaker 2: answer for me anyway, because I make all my coffee

972
00:43:43,360 --> 00:43:45,800
Speaker 2: at home and I don't know why everybody doesn't. And

973
00:43:45,920 --> 00:43:48,279
Speaker 2: I know when I say that, you know professionals and

974
00:43:48,360 --> 00:43:50,360
Speaker 2: people in the hospital sector will be wanting to kill me.

975
00:43:50,960 --> 00:43:53,120
Speaker 2: But I'm pretty sure I'm still running my coffee at

976
00:43:53,120 --> 00:43:55,200
Speaker 2: about two dollars forty a coupy in at my house,

977
00:43:55,600 --> 00:43:58,239
Speaker 2: even with the new prices I'm paying. But at what

978
00:43:58,360 --> 00:44:01,040
Speaker 2: point commercially do you pull the pen? Is seven too much? No,

979
00:44:01,440 --> 00:44:03,720
Speaker 2: said one article I read the other day. Seven's fine,

980
00:44:03,800 --> 00:44:07,640
Speaker 2: we can still do seven small luxuries. Feel good about yourself.

981
00:44:08,080 --> 00:44:10,759
Speaker 2: Ten that's psychological, isn't it? Once you get to ten?

982
00:44:10,920 --> 00:44:14,600
Speaker 2: Ten is like, are you serious? Anyway? Back to my

983
00:44:14,760 --> 00:44:18,040
Speaker 2: business of overnight couriers. So my beans come from a

984
00:44:18,120 --> 00:44:20,560
Speaker 2: small part of New Zealand we get them done overnight courier. Now,

985
00:44:20,680 --> 00:44:23,600
Speaker 2: the thing about the overnight caurier you pay extra for

986
00:44:23,800 --> 00:44:27,280
Speaker 2: an overnight career service. My question, as we asked yesterday

987
00:44:27,280 --> 00:44:29,680
Speaker 2: to the courier company, if you advertise a product and

988
00:44:29,760 --> 00:44:32,880
Speaker 2: you say it's overnight career and they don't deliver overnight.

989
00:44:32,960 --> 00:44:36,680
Speaker 2: In other words, it doesn't happen. Do they owe you money?

990
00:44:36,760 --> 00:44:39,480
Speaker 2: Did they break their contract? Apparently not. And what we

991
00:44:39,560 --> 00:44:42,759
Speaker 2: also found out yesterday which was interesting, is where the

992
00:44:42,760 --> 00:44:44,840
Speaker 2: coffee beans come from in the particular part of the country,

993
00:44:44,880 --> 00:44:47,640
Speaker 2: it cannot be overnight because they will never be picked

994
00:44:47,719 --> 00:44:49,879
Speaker 2: up on the day that you order unless you order

995
00:44:49,920 --> 00:44:51,480
Speaker 2: on the right day. And there's only two right days

996
00:44:51,480 --> 00:44:52,759
Speaker 2: of the week. So if you order on a wrong

997
00:44:52,840 --> 00:44:55,440
Speaker 2: day of the week, they know they will never pick

998
00:44:55,480 --> 00:44:58,200
Speaker 2: it up on that day. Therefore it will never be overnight.

999
00:44:58,920 --> 00:45:02,000
Speaker 2: So therefore, going in to the contract offering the service

1000
00:45:02,160 --> 00:45:06,400
Speaker 2: they know they can't deliver on. Is that fortulate.

1001
00:45:06,520 --> 00:45:08,360
Speaker 3: Yeah, I think you're entitled to a refone there, I.

1002
00:45:08,440 --> 00:45:11,040
Speaker 2: Believe I'm entitled to a refund, Glenn. I wish you

1003
00:45:11,120 --> 00:45:12,320
Speaker 2: were the person on the end of the phone and

1004
00:45:12,320 --> 00:45:13,759
Speaker 2: stee of the other person on the end of the phone.

1005
00:45:13,760 --> 00:45:16,480
Speaker 2: They weren't as accommodating as you are, Glenn. But that's

1006
00:45:16,480 --> 00:45:18,680
Speaker 2: why we're best at buds. Isn't it news for you?

1007
00:45:19,760 --> 00:45:23,000
Speaker 2: And then we'll talk with Christian Hawksby of the Reserve five.

1008
00:45:24,480 --> 00:45:28,320
Speaker 1: That's New Zealand's home for trusted news and views, The

1009
00:45:28,560 --> 00:45:32,560
Speaker 1: Mike Hosking Breakfast with Bailey's Real Estate, your local experts

1010
00:45:32,560 --> 00:45:36,320
Speaker 1: across residential, commercial and rural news togs had been because.

1011
00:45:36,040 --> 00:45:38,560
Speaker 2: It was tonight. Tammy Neilson's up for some big gonge,

1012
00:45:38,640 --> 00:45:40,480
Speaker 2: so we'll catch up with her for right looking forward

1013
00:45:40,480 --> 00:45:42,879
Speaker 2: to that twenty three minutes away from meantime, You Reserve

1014
00:45:42,920 --> 00:45:44,800
Speaker 2: and Governor gave us a lot to think about yesterday.

1015
00:45:44,840 --> 00:45:47,759
Speaker 2: Yes the predicted cash rate came or the cut, but

1016
00:45:47,880 --> 00:45:49,640
Speaker 2: where we go is potentially a bit of a mystery

1017
00:45:49,680 --> 00:45:52,200
Speaker 2: from here on in Christian Hawksby's with us, Good morning, gooday.

1018
00:45:52,480 --> 00:45:55,399
Speaker 2: You talked a lot about the committee yesterday. How much

1019
00:45:55,520 --> 00:45:58,400
Speaker 2: of a committee type atmosphere and a range of views

1020
00:45:59,120 --> 00:46:01,640
Speaker 2: leads to a lack of decisiveness in times of real

1021
00:46:01,719 --> 00:46:02,640
Speaker 2: trouble and difficulty.

1022
00:46:05,080 --> 00:46:10,920
Speaker 16: I think a committee is a very strong and supportive

1023
00:46:11,000 --> 00:46:14,239
Speaker 16: thing to have in these times. We do need a

1024
00:46:14,360 --> 00:46:17,480
Speaker 16: dispersion of views around the table. There's a lot going on.

1025
00:46:18,120 --> 00:46:22,279
Speaker 16: We need to draw on the expertise and judgments of

1026
00:46:22,360 --> 00:46:25,560
Speaker 16: all six of us around the table. We did come

1027
00:46:25,640 --> 00:46:28,840
Speaker 16: to a consensus on the set of projections that we

1028
00:46:29,160 --> 00:46:33,160
Speaker 16: set out, and that's one where the official cash rate

1029
00:46:33,280 --> 00:46:37,600
Speaker 16: sort of coming down and baton is around three percent where.

1030
00:46:37,480 --> 00:46:37,880
Speaker 17: We had it.

1031
00:46:39,040 --> 00:46:41,279
Speaker 16: Where we had to come to a vote on was

1032
00:46:41,440 --> 00:46:46,600
Speaker 16: what to do with the OCR yesterday and voted in

1033
00:46:46,719 --> 00:46:47,879
Speaker 16: favor of five to one to two.

1034
00:46:49,400 --> 00:46:51,200
Speaker 2: Indeed, I'll come back to the boat if I have time,

1035
00:46:51,239 --> 00:46:53,719
Speaker 2: But what I got yesterday was blamonge. You don't know

1036
00:46:53,840 --> 00:46:56,040
Speaker 2: what's going on. And in a way, I don't blame you.

1037
00:46:56,160 --> 00:46:58,360
Speaker 2: No one seems to know what's going on, but drawing

1038
00:46:58,480 --> 00:47:00,840
Speaker 2: up a variety of scenarios anyone can do.

1039
00:47:03,360 --> 00:47:06,080
Speaker 16: What we're trying to indicate is that we're in a

1040
00:47:06,120 --> 00:47:08,480
Speaker 16: different phase now. You know, we had the OCR at

1041
00:47:08,560 --> 00:47:10,520
Speaker 16: five and a half percent, and we were a long

1042
00:47:10,600 --> 00:47:14,359
Speaker 16: way north of neutral, which is somewhere between maybe three

1043
00:47:14,400 --> 00:47:17,120
Speaker 16: and a half and two and a half percent. The

1044
00:47:17,200 --> 00:47:19,320
Speaker 16: OCR has come down a long way now we're in

1045
00:47:19,400 --> 00:47:23,160
Speaker 16: that sort of zone of neutral. We're in that zone.

1046
00:47:23,800 --> 00:47:26,600
Speaker 16: So we're not on a pre programmed path from here.

1047
00:47:27,400 --> 00:47:29,680
Speaker 16: You know, we can't say the market's yet. We're definitely

1048
00:47:29,800 --> 00:47:33,200
Speaker 16: doing this or that next time. We are more feeling

1049
00:47:33,400 --> 00:47:38,480
Speaker 16: our way, We are more dependent on developments. Things are

1050
00:47:38,680 --> 00:47:41,040
Speaker 16: very uncertain, but we're in a really good position just

1051
00:47:41,120 --> 00:47:43,920
Speaker 16: to respond to things from here, and by giving that

1052
00:47:44,080 --> 00:47:48,040
Speaker 16: signal to markets, you know, that enables them to think

1053
00:47:48,120 --> 00:47:53,399
Speaker 16: for themselves as well and assess the situation and move

1054
00:47:53,520 --> 00:47:54,000
Speaker 16: things around.

1055
00:47:54,200 --> 00:47:56,440
Speaker 2: See, I'm thinking for myself and what I'm thinking in

1056
00:47:56,560 --> 00:47:59,000
Speaker 2: the economy I live, and things aren't going well. And

1057
00:47:59,080 --> 00:48:01,480
Speaker 2: so you alluded to the obvious things like farmers and

1058
00:48:01,520 --> 00:48:04,000
Speaker 2: dairy and exports and all of that's absolutely brilliant, But

1059
00:48:04,080 --> 00:48:06,759
Speaker 2: there are large chunks of the economy that are in

1060
00:48:06,920 --> 00:48:10,480
Speaker 2: dreadful shape. But because one bit's so good, we're kind

1061
00:48:10,520 --> 00:48:13,600
Speaker 2: of neutralized everything and everything appears okay because inflation is

1062
00:48:13,600 --> 00:48:15,279
Speaker 2: in the right band, and I'm just wondering if that's

1063
00:48:15,280 --> 00:48:16,360
Speaker 2: a problem for us overall.

1064
00:48:18,719 --> 00:48:22,400
Speaker 16: Absolutely acknowledge that, you know, there are different speeds in

1065
00:48:22,480 --> 00:48:26,719
Speaker 16: the economy at the moment, and we acknowledge that there's

1066
00:48:26,760 --> 00:48:29,800
Speaker 16: actually a lot of spare capacity in the economy, and

1067
00:48:29,880 --> 00:48:33,040
Speaker 16: that's one of the things that gives us confidence that

1068
00:48:33,200 --> 00:48:35,879
Speaker 16: even though inflation is still bouncing around the top half

1069
00:48:35,920 --> 00:48:38,879
Speaker 16: of our band, over the medium term, it is likely

1070
00:48:38,960 --> 00:48:43,240
Speaker 16: to come down closer and settle around two percent because

1071
00:48:43,280 --> 00:48:47,600
Speaker 16: of that spare capacity. We have lowered interest rates a

1072
00:48:47,719 --> 00:48:49,719
Speaker 16: long way, and it does take time for that to

1073
00:48:49,800 --> 00:48:51,040
Speaker 16: work its way through.

1074
00:48:52,239 --> 00:48:52,400
Speaker 17: You know.

1075
00:48:52,440 --> 00:48:54,400
Speaker 16: You kind of see that in the effect of mortgage

1076
00:48:54,480 --> 00:48:57,560
Speaker 16: rates that people feel they are going to come down

1077
00:48:58,560 --> 00:49:01,200
Speaker 16: mechanically through the course of the year as people shift

1078
00:49:01,320 --> 00:49:04,480
Speaker 16: on old fixed rates onto new fixed rates, and so

1079
00:49:04,600 --> 00:49:06,480
Speaker 16: there's a there's a bit still to come there. In

1080
00:49:06,600 --> 00:49:11,960
Speaker 16: our projections, we have a recovery continuing that's partly supported

1081
00:49:12,040 --> 00:49:14,520
Speaker 16: by the lower interest rates that we'll have, do you

1082
00:49:14,920 --> 00:49:17,920
Speaker 16: but it's a it's a modest one given the global outlook.

1083
00:49:18,120 --> 00:49:19,480
Speaker 2: I was going to say, where where is it? You're

1084
00:49:19,480 --> 00:49:21,800
Speaker 2: seeing this recovery park, the farmers and all that stuff

1085
00:49:21,800 --> 00:49:24,400
Speaker 2: that we obviously get. Where is this recovery and services?

1086
00:49:25,040 --> 00:49:28,320
Speaker 2: Where is it in downtown Auckland, downtown christ to downtown Wellington?

1087
00:49:28,360 --> 00:49:28,759
Speaker 5: Where is it?

1088
00:49:28,800 --> 00:49:29,800
Speaker 2: Where is it in the jobs?

1089
00:49:32,120 --> 00:49:35,320
Speaker 16: It's not, you know, it's this is the art of

1090
00:49:35,760 --> 00:49:40,279
Speaker 16: economics and forecasting and projections. You have to look into

1091
00:49:40,360 --> 00:49:44,040
Speaker 16: the future and you know, even when things are modest,

1092
00:49:44,680 --> 00:49:48,400
Speaker 16: even things when things are reasonably cool, if the conditions

1093
00:49:48,680 --> 00:49:51,359
Speaker 16: are there for that to start working its way through,

1094
00:49:51,840 --> 00:49:54,480
Speaker 16: you know, that's what we have to base our decisions on.

1095
00:49:54,600 --> 00:49:58,880
Speaker 16: We acknowledge that these things take time. Even lowering interest

1096
00:49:58,960 --> 00:50:03,400
Speaker 16: rates works through many, many different channels at different speeds.

1097
00:50:03,960 --> 00:50:07,400
Speaker 16: But we have confidence that there will be that recovery,

1098
00:50:07,880 --> 00:50:10,680
Speaker 16: but it will be a modest one given the global environment.

1099
00:50:11,000 --> 00:50:13,120
Speaker 2: Does the dollar worry you because part of the success

1100
00:50:13,160 --> 00:50:15,319
Speaker 2: of the export, of course, is this anemic dollar of ours.

1101
00:50:15,360 --> 00:50:16,880
Speaker 2: And you don't want a ninemic dollar.

1102
00:50:16,680 --> 00:50:16,840
Speaker 3: Do you.

1103
00:50:16,840 --> 00:50:23,000
Speaker 16: You know, we take the currency, you know, as given,

1104
00:50:23,080 --> 00:50:26,480
Speaker 16: and we just have to work around that. There's a

1105
00:50:26,520 --> 00:50:30,040
Speaker 16: lot of chat about the decline of the US dollar

1106
00:50:30,080 --> 00:50:32,280
Speaker 16: and it's not going to be the reserve currency anymore,

1107
00:50:32,600 --> 00:50:35,520
Speaker 16: and that might mean KEI we stronger, and that could

1108
00:50:35,560 --> 00:50:36,240
Speaker 16: be a headwind.

1109
00:50:37,160 --> 00:50:37,320
Speaker 3: You know.

1110
00:50:37,400 --> 00:50:40,440
Speaker 16: We just need to see how that plays out. I

1111
00:50:40,480 --> 00:50:43,399
Speaker 16: think that's more of a long term structural thing. Each

1112
00:50:43,520 --> 00:50:46,600
Speaker 16: time we meet, we'll just look has the exchange rate

1113
00:50:46,680 --> 00:50:49,759
Speaker 16: worked as a shock absorber like it's supposed to, and

1114
00:50:49,840 --> 00:50:52,279
Speaker 16: if it hasn't, we'll have to do something about it.

1115
00:50:52,520 --> 00:50:55,600
Speaker 2: Okay, just a really quick explanation for simple people. So

1116
00:50:55,960 --> 00:50:58,640
Speaker 2: the general conversation was a cut was baked in yesterday,

1117
00:50:58,719 --> 00:51:01,320
Speaker 2: there's another one coming and maybe another one after that.

1118
00:51:01,560 --> 00:51:05,440
Speaker 2: That all seemed to change yesterday. Have we been hoodwinked,

1119
00:51:06,200 --> 00:51:08,239
Speaker 2: or have we not seen what's happening? Or are you

1120
00:51:08,320 --> 00:51:09,920
Speaker 2: just seeing the world differently from the rest of us.

1121
00:51:12,480 --> 00:51:15,759
Speaker 16: I think we're getting into the area of fine tuning here.

1122
00:51:15,840 --> 00:51:17,600
Speaker 16: You know, we've got a.

1123
00:51:18,280 --> 00:51:22,000
Speaker 2: Fifty fine tuning Christian. Fifty points is a lot.

1124
00:51:23,680 --> 00:51:25,560
Speaker 16: Oh. What is meaning to say is we've got an

1125
00:51:25,640 --> 00:51:29,200
Speaker 16: official cash rate at three point twenty five percent. We've

1126
00:51:29,239 --> 00:51:32,399
Speaker 16: got a central projection that's got it somewhere between two

1127
00:51:32,480 --> 00:51:36,400
Speaker 16: point nine and three point one over the horizon. You know,

1128
00:51:37,520 --> 00:51:40,000
Speaker 16: compared to the range of the official cash rate we've

1129
00:51:40,040 --> 00:51:44,279
Speaker 16: seen over history, that's a reasonably tight range. Our main

1130
00:51:44,440 --> 00:51:47,560
Speaker 16: message is actually around you know, we're very close to

1131
00:51:47,680 --> 00:51:51,200
Speaker 16: neutral now. Our next move is not going to be

1132
00:51:51,520 --> 00:51:54,920
Speaker 16: pre programmed. It's going to be about what we're learning

1133
00:51:55,680 --> 00:51:57,280
Speaker 16: about the future. Is it unfolds?

1134
00:51:57,320 --> 00:51:59,799
Speaker 2: All right? Appreciate your time, New Reserve Bank. The least

1135
00:51:59,840 --> 00:52:02,840
Speaker 2: was months. Christian hawks be more on this in just

1136
00:52:02,880 --> 00:52:03,200
Speaker 2: a moment.

1137
00:52:03,280 --> 00:52:07,680
Speaker 1: Seventeen to two, The Mic Asking Breakfast Full Show podcast

1138
00:52:07,920 --> 00:52:10,640
Speaker 1: on iHeartRadio powered by News Talks.

1139
00:52:10,360 --> 00:52:14,400
Speaker 2: A B fourteen to Mike, the RB cocked up yesterday.

1140
00:52:14,520 --> 00:52:16,359
Speaker 2: As you say, they were neutral, and the interest rate

1141
00:52:16,440 --> 00:52:18,480
Speaker 2: market doesn't like neutral. What it sees is if the

1142
00:52:18,640 --> 00:52:21,080
Speaker 2: RB isn't cutting anyone, the next move must be a hike.

1143
00:52:21,120 --> 00:52:23,440
Speaker 2: Simplistic view, but that's the reality. So now there are

1144
00:52:23,520 --> 00:52:25,640
Speaker 2: nearly two rate hikes priced in for twenty six I'm

1145
00:52:25,680 --> 00:52:28,200
Speaker 2: not sure that's true. Their message should have been simple,

1146
00:52:28,600 --> 00:52:32,080
Speaker 2: we're cutting, the ocr will continue to cut. Don't get

1147
00:52:32,160 --> 00:52:34,600
Speaker 2: caught up in the short term inflation forecast, the labor

1148
00:52:34,680 --> 00:52:38,040
Speaker 2: market struggling and about to go through massive structural reform.

1149
00:52:38,200 --> 00:52:41,360
Speaker 2: Now the problem with that, although I agree with you,

1150
00:52:41,640 --> 00:52:43,440
Speaker 2: is that they are of course run by the mandate.

1151
00:52:43,480 --> 00:52:46,640
Speaker 2: The mandate is about inflation, and so maybe the mandate's

1152
00:52:46,680 --> 00:52:48,360
Speaker 2: the problem. So you get the and you've got a

1153
00:52:48,400 --> 00:52:49,960
Speaker 2: little bit of the old Adrian in him having you.

1154
00:52:50,040 --> 00:52:52,280
Speaker 2: It's just like when I ask about the dollar instead

1155
00:52:52,280 --> 00:52:56,160
Speaker 2: of no country wants a week dollar, No country longs

1156
00:52:56,280 --> 00:52:59,759
Speaker 2: for an anemic currency. And yet as you heard them say, oh,

1157
00:53:00,320 --> 00:53:03,480
Speaker 2: take the dollar for whatever it is. And that's his mandate.

1158
00:53:03,800 --> 00:53:06,239
Speaker 2: He's in charge of inflation. And if inflation's in the

1159
00:53:06,280 --> 00:53:08,279
Speaker 2: band and the band is zero to three, it's in

1160
00:53:08,400 --> 00:53:10,480
Speaker 2: the bands. He doesn't need to worry about anything else.

1161
00:53:10,920 --> 00:53:13,520
Speaker 2: The fact that your business is closing is not remotely

1162
00:53:13,560 --> 00:53:15,359
Speaker 2: of his concern as long as inflation's in the band.

1163
00:53:15,640 --> 00:53:18,000
Speaker 2: What I keep arguing and no one seems to be

1164
00:53:18,040 --> 00:53:21,320
Speaker 2: able to answer coherently, is if the inflation is in

1165
00:53:21,480 --> 00:53:22,919
Speaker 2: the band or at the top end of the band,

1166
00:53:23,320 --> 00:53:26,160
Speaker 2: and the inflation is being driven by things beyond growth,

1167
00:53:26,520 --> 00:53:29,840
Speaker 2: i e. Power companies putting up prices, ports putting up prices,

1168
00:53:29,880 --> 00:53:33,560
Speaker 2: insurance companies putting up prices, which leads to more inflation.

1169
00:53:34,000 --> 00:53:38,279
Speaker 2: In other words, it's not growth driven. What then, Mike,

1170
00:53:38,360 --> 00:53:41,200
Speaker 2: I'm an accountant. We're not seeing a modest recovery. Businesses

1171
00:53:41,200 --> 00:53:43,160
Speaker 2: are struggling. The Reserve Bank lives in its own world.

1172
00:53:43,200 --> 00:53:45,680
Speaker 2: That's the other thing I mean. Honestly, I truly believe

1173
00:53:46,280 --> 00:53:48,880
Speaker 2: that these guys in Wellington in a room, which is

1174
00:53:49,040 --> 00:53:51,359
Speaker 2: literally where they spend their lives. He said, We've been

1175
00:53:51,440 --> 00:53:54,160
Speaker 2: locked up in a room for over a week. You

1176
00:53:54,360 --> 00:53:58,000
Speaker 2: cannot read the New Zealand economy on spreadsheets and get

1177
00:53:58,040 --> 00:54:00,600
Speaker 2: a real vibe for what's going on. Mike, I thought

1178
00:54:00,680 --> 00:54:03,200
Speaker 2: Christian Batett's cornered very well in a showing sense. The

1179
00:54:03,320 --> 00:54:06,239
Speaker 2: issue we have and previously had was people have been

1180
00:54:06,280 --> 00:54:08,719
Speaker 2: too aggressive. Either they're on the accelerator or the Brake pedal.

1181
00:54:08,800 --> 00:54:09,759
Speaker 5: That's not bad, Paul.

1182
00:54:10,280 --> 00:54:11,800
Speaker 2: I'll give you some I'll give you some room for

1183
00:54:11,840 --> 00:54:13,840
Speaker 2: that argument. Mike, did he say art of the economy

1184
00:54:13,960 --> 00:54:17,440
Speaker 2: or asked of the economy? Good question? Eleven away from

1185
00:54:17,480 --> 00:54:18,239
Speaker 2: eight the.

1186
00:54:18,400 --> 00:54:21,719
Speaker 3: Mic hosting breakfast with the range Rover the LA News

1187
00:54:21,800 --> 00:54:22,520
Speaker 3: togs head been.

1188
00:54:22,520 --> 00:54:24,120
Speaker 2: Right away away from ate. We've got a new numbers

1189
00:54:24,120 --> 00:54:25,719
Speaker 2: out this morning that show the trouble we have in

1190
00:54:25,920 --> 00:54:28,640
Speaker 2: parts of the education system. As far as international students go,

1191
00:54:28,800 --> 00:54:31,040
Speaker 2: Primary and high school enrollments are down some twenty two

1192
00:54:31,040 --> 00:54:34,520
Speaker 2: percent on pre COVID levels. Tertiary providers like your polytechs,

1193
00:54:34,600 --> 00:54:36,720
Speaker 2: not your unis, but your polytechs have seen their numbers

1194
00:54:36,800 --> 00:54:38,839
Speaker 2: have from one hundred and six thousand to fifty six

1195
00:54:38,920 --> 00:54:42,280
Speaker 2: thousand now. Doctor Sandra Gray is Tertiary Education Union National

1196
00:54:42,360 --> 00:54:44,720
Speaker 2: Secretary and is with a Sandra, very good morning.

1197
00:54:44,600 --> 00:54:46,480
Speaker 18: To you, Good morning night.

1198
00:54:46,600 --> 00:54:48,480
Speaker 2: What are you Rickens going on here? Because last time

1199
00:54:48,520 --> 00:54:50,399
Speaker 2: I did an interview on the UNIS, the UNIS say

1200
00:54:50,520 --> 00:54:53,239
Speaker 2: pretty much we're back on the internationals. What's gone wrong

1201
00:54:53,320 --> 00:54:54,520
Speaker 2: in the other parts of the sector.

1202
00:54:55,680 --> 00:54:57,800
Speaker 18: Look, I think there's a number of things we have

1203
00:54:57,880 --> 00:55:00,759
Speaker 18: to look at. The universities are starting tech growth. As

1204
00:55:00,840 --> 00:55:05,520
Speaker 18: you say, post COVID, it did cause huge disruption for

1205
00:55:05,600 --> 00:55:10,960
Speaker 18: our sector and huge destruction for the international students in

1206
00:55:11,080 --> 00:55:15,320
Speaker 18: our polytechnics. Of course, since COVID, we've had major reforms

1207
00:55:15,360 --> 00:55:20,640
Speaker 18: which have made the polytechnics really disrupted, real disruption to

1208
00:55:20,719 --> 00:55:24,320
Speaker 18: the courses office, real disruption for the staff, and that

1209
00:55:24,560 --> 00:55:28,040
Speaker 18: confuses students. That causes real issues of students who are

1210
00:55:28,040 --> 00:55:30,080
Speaker 18: looking to study and they go, well, if I can't

1211
00:55:30,120 --> 00:55:32,480
Speaker 18: figure it out, I'll go somewhere else. And that's what

1212
00:55:32,600 --> 00:55:33,600
Speaker 18: international students do.

1213
00:55:33,880 --> 00:55:36,360
Speaker 2: Do we have a reputation problem generally?

1214
00:55:36,440 --> 00:55:41,200
Speaker 18: Do you think New Zealand Tertory education institutions rank really

1215
00:55:41,280 --> 00:55:46,319
Speaker 18: well internationally? There is no doubt that we rank within

1216
00:55:46,400 --> 00:55:49,880
Speaker 18: the top five hundred for universities. Our polytechnic students win

1217
00:55:50,000 --> 00:55:54,640
Speaker 18: World Games and skills and trades consistently, so we don't

1218
00:55:54,680 --> 00:55:57,920
Speaker 18: have a reputation problem. I think what we have is

1219
00:55:58,080 --> 00:56:01,000
Speaker 18: a lack of direction problem for our poly techniques. The

1220
00:56:01,120 --> 00:56:03,680
Speaker 18: fact that we saw the last government and now this

1221
00:56:03,880 --> 00:56:08,560
Speaker 18: government continually reforming and changing just makes it too hard

1222
00:56:08,560 --> 00:56:11,920
Speaker 18: an environment for anyone to understand. Staff are leaving great numbers, yes,

1223
00:56:12,239 --> 00:56:14,440
Speaker 18: and now we see students leaving in great numbers. So

1224
00:56:15,040 --> 00:56:18,279
Speaker 18: you know, if you disrupt to sector continuously, nobody wants

1225
00:56:18,320 --> 00:56:18,759
Speaker 18: to join you.

1226
00:56:18,920 --> 00:56:21,200
Speaker 2: How do we then explain primary and secondary schools because

1227
00:56:21,200 --> 00:56:23,480
Speaker 2: they haven't been up disrupted, have they?

1228
00:56:23,600 --> 00:56:23,920
Speaker 16: Or have they?

1229
00:56:25,000 --> 00:56:28,840
Speaker 18: Well again, COVID totally disrupted that and it takes a

1230
00:56:28,920 --> 00:56:33,200
Speaker 18: long while for parents to go. I'm keen for my children,

1231
00:56:33,440 --> 00:56:36,919
Speaker 18: my young people to go overseas. It does take time

1232
00:56:37,000 --> 00:56:39,719
Speaker 18: to build back. Even the universities aren't back to where

1233
00:56:39,719 --> 00:56:43,400
Speaker 18: they used to be. They're certainly growing and there's certainly plans.

1234
00:56:43,040 --> 00:56:43,400
Speaker 15: To do that.

1235
00:56:43,800 --> 00:56:46,239
Speaker 18: I think what we've got to do there is just

1236
00:56:46,360 --> 00:56:48,720
Speaker 18: accept that it is going to take a few more years.

1237
00:56:49,280 --> 00:56:52,360
Speaker 18: Not to rush it because that will harm our reputation.

1238
00:56:52,880 --> 00:56:54,560
Speaker 18: And I am going to say, in terms of the

1239
00:56:54,640 --> 00:56:58,040
Speaker 18: overall reputation of New Zealand as a place to study,

1240
00:56:58,560 --> 00:57:02,279
Speaker 18: we are seeing cuts for staffing and staff leaving, which

1241
00:57:02,360 --> 00:57:04,839
Speaker 18: means there are more students to every staff member. If

1242
00:57:04,880 --> 00:57:07,800
Speaker 18: we don't address that, that will harm our reputation.

1243
00:57:08,120 --> 00:57:10,880
Speaker 2: Well said Sandra, Appreciate your time, doctor Sandra Gray tertiary

1244
00:57:11,000 --> 00:57:13,520
Speaker 2: Education Union secretary with us this morning, five minutes away

1245
00:57:13,600 --> 00:57:16,080
Speaker 2: from eight asking speaking which I was just thinking of it,

1246
00:57:16,200 --> 00:57:19,280
Speaker 2: talk a bit more about rod the US. They seem

1247
00:57:19,320 --> 00:57:21,360
Speaker 2: to be this fascination they've got with social media and

1248
00:57:21,400 --> 00:57:24,120
Speaker 2: what you're doing on social media. Yesterday they basically canceled

1249
00:57:24,160 --> 00:57:27,600
Speaker 2: all appointments in terms of students. And of course we

1250
00:57:27,960 --> 00:57:29,920
Speaker 2: look at America and go, oh jeez, that's America. What

1251
00:57:29,960 --> 00:57:31,520
Speaker 2: a weird place that is at the moment, and you

1252
00:57:31,600 --> 00:57:34,920
Speaker 2: forget there are thousands upon thousands upon thousands of students

1253
00:57:34,960 --> 00:57:38,320
Speaker 2: from this country alone who go to American universities each

1254
00:57:38,440 --> 00:57:41,000
Speaker 2: year on things like sports scholarships. I personally know at

1255
00:57:41,080 --> 00:57:42,520
Speaker 2: least half a dozen, like a name off the top

1256
00:57:42,560 --> 00:57:45,600
Speaker 2: of the head, who have gone to American universities in

1257
00:57:45,720 --> 00:57:50,520
Speaker 2: the last I don't know. I guess decade. Studying overseas

1258
00:57:50,600 --> 00:57:52,800
Speaker 2: for young people has become a thing. I don't know

1259
00:57:52,840 --> 00:57:55,120
Speaker 2: whether that's got something to do with New Zealand universities

1260
00:57:55,160 --> 00:57:57,080
Speaker 2: aren't up to much, or perceived not to be up

1261
00:57:57,080 --> 00:58:00,959
Speaker 2: to much, but anyway, going overseas to study has become

1262
00:58:01,000 --> 00:58:03,080
Speaker 2: a thing, and there are a tremendous number of New

1263
00:58:03,160 --> 00:58:05,880
Speaker 2: Zealanders who want to go offshore and if you can

1264
00:58:06,000 --> 00:58:09,120
Speaker 2: land a spot. We know a young lady who had

1265
00:58:09,160 --> 00:58:12,000
Speaker 2: a choice between I think was Princeton and Cambridge. She

1266
00:58:12,200 --> 00:58:15,080
Speaker 2: chose Cambridge, as it turns out, and she's going sure,

1267
00:58:15,560 --> 00:58:19,040
Speaker 2: because imagine if you're a seventeen eighteen year old with

1268
00:58:19,200 --> 00:58:20,760
Speaker 2: mum and dad having a look at a prospect of

1269
00:58:20,840 --> 00:58:23,280
Speaker 2: you going over to America now, and you have no

1270
00:58:23,600 --> 00:58:26,800
Speaker 2: idea what's going to happen on the campus, what's going

1271
00:58:26,880 --> 00:58:29,720
Speaker 2: to happen at the border where he's ever going to graduate,

1272
00:58:29,920 --> 00:58:31,480
Speaker 2: where he's ever going to get booted out of the

1273
00:58:31,520 --> 00:58:33,600
Speaker 2: country and sent back here. So there are times of

1274
00:58:33,720 --> 00:58:37,080
Speaker 2: great tumulten up people speaking. Which funny old story yesterday Ki,

1275
00:58:37,160 --> 00:58:42,400
Speaker 2: we couldn't breathe couldn't talk after cheese race when in

1276
00:58:42,480 --> 00:58:46,640
Speaker 2: the UK, there was your headline, Ki, we couldn't breathe

1277
00:58:47,200 --> 00:58:50,760
Speaker 2: couldn't talk after cheese race when in the UK. So

1278
00:58:50,880 --> 00:58:54,400
Speaker 2: this was the people rolling down the hill cracked a

1279
00:58:54,520 --> 00:58:57,600
Speaker 2: punching lung. Now, so we want to spend all week

1280
00:58:58,440 --> 00:59:00,760
Speaker 2: on straight and up walk straight the hell? That weird

1281
00:59:00,840 --> 00:59:03,000
Speaker 2: thing is right? And once again I reminded, yes it

1282
00:59:03,080 --> 00:59:05,320
Speaker 2: was a tragedy. A death was a tragedy, but we

1283
00:59:05,400 --> 00:59:07,960
Speaker 2: want to spend all weekendsting about that. And yet we

1284
00:59:08,000 --> 00:59:12,000
Speaker 2: don't want to spend two seconds on people rolling down

1285
00:59:12,040 --> 00:59:15,440
Speaker 2: a hill, puncturing their lung and being unable to breathe

1286
00:59:15,440 --> 00:59:17,880
Speaker 2: at the bottom. In fact, not only do we not

1287
00:59:17,960 --> 00:59:19,680
Speaker 2: want to spend two seconds on that, we want to

1288
00:59:19,760 --> 00:59:22,480
Speaker 2: celebrate it, and we want to celebrate it year after

1289
00:59:22,640 --> 00:59:26,080
Speaker 2: year after years. So where's the moral police on this one?

1290
00:59:26,600 --> 00:59:28,400
Speaker 2: So we don't like running in a straight line, but

1291
00:59:28,480 --> 00:59:30,760
Speaker 2: we don't mind falling down a hill. Falling down a

1292
00:59:30,840 --> 00:59:34,360
Speaker 2: hill's fun, even if you puncture your lung and can't breathe.

1293
00:59:34,880 --> 00:59:37,440
Speaker 2: But running in a straight lines we don't like that anymore?

1294
00:59:37,480 --> 00:59:41,560
Speaker 2: Do we come on? Where's the consistency? A little bit

1295
00:59:41,600 --> 00:59:42,880
Speaker 2: of music for you? Shortly on the.

1296
00:59:42,880 --> 00:59:46,560
Speaker 1: Program, setting me a gender and talking the big issues,

1297
00:59:46,960 --> 00:59:51,320
Speaker 1: the mic HARKing, Breakfast with a Vita, Retirement, communities, life

1298
00:59:51,520 --> 00:59:57,240
Speaker 1: your Way, News, togs Head, br.

1299
00:59:55,160 --> 00:59:56,640
Speaker 5: Face more than you can't.

1300
00:59:58,680 --> 00:59:59,760
Speaker 3: Think us un down to.

1301
01:00:03,320 --> 01:00:05,440
Speaker 2: It is seven past day. Tammy Nielson seems to be

1302
01:00:05,520 --> 01:00:08,160
Speaker 2: getting able bigger internationally. Later this year she's touring the

1303
01:00:08,240 --> 01:00:13,200
Speaker 2: US with Willie Nelson and Bob Dylan. She's into Europe

1304
01:00:13,240 --> 01:00:15,640
Speaker 2: as well as far as we're concerned. There are five

1305
01:00:15,720 --> 01:00:17,840
Speaker 2: shows here in October, which is good. The single is

1306
01:00:17,840 --> 01:00:20,360
Speaker 2: Borrowing My Boots, The album is called Me on Cowgill,

1307
01:00:20,400 --> 01:00:22,440
Speaker 2: which is out next month, which is exciting in Tammy

1308
01:00:22,480 --> 01:00:24,560
Speaker 2: Nielson's back. Whether it's a very good morning to you,

1309
01:00:25,600 --> 01:00:27,920
Speaker 2: good morning, how are you? I'm well? Thank you? Do

1310
01:00:28,000 --> 01:00:30,080
Speaker 2: you join us with rollers in your hair or something?

1311
01:00:30,200 --> 01:00:32,000
Speaker 2: Are you getting ready for tonight already?

1312
01:00:34,320 --> 01:00:34,520
Speaker 9: Yeah?

1313
01:00:34,800 --> 01:00:38,240
Speaker 15: The music awards prep. I have two kids, so my

1314
01:00:38,360 --> 01:00:43,000
Speaker 15: day starts usually around six thirty and that's every day,

1315
01:00:43,320 --> 01:00:45,840
Speaker 15: so I'm gonna have to you know, by the time

1316
01:00:45,880 --> 01:00:48,640
Speaker 15: the awards rolls around, I'm propping my eyes open with

1317
01:00:48,720 --> 01:00:49,480
Speaker 15: two picks. You know.

1318
01:00:50,160 --> 01:00:52,480
Speaker 2: Trife day away, But you're up for some awards tonight.

1319
01:00:52,600 --> 01:00:54,800
Speaker 2: Is it a good gathering? Is it one of those moods?

1320
01:00:54,840 --> 01:00:56,320
Speaker 2: I haven't been for a number of years, but there's

1321
01:00:56,680 --> 01:00:58,320
Speaker 2: the mood in the room. You can get a vibe

1322
01:00:58,320 --> 01:01:00,560
Speaker 2: for the industry as your vibe, but at the moment,

1323
01:01:00,680 --> 01:01:03,400
Speaker 2: the music industry is in good, good heart or not.

1324
01:01:05,160 --> 01:01:08,000
Speaker 15: I always love the awards because it is it's a

1325
01:01:08,040 --> 01:01:11,640
Speaker 15: gathering of our community. It's celebrating each other and lifting

1326
01:01:11,680 --> 01:01:14,480
Speaker 15: each other up. And you know, when you're a musician,

1327
01:01:14,800 --> 01:01:17,520
Speaker 15: your career is you're quite siloed. You know, you're you're

1328
01:01:17,560 --> 01:01:21,440
Speaker 15: out on the road you're not in a work environment

1329
01:01:21,520 --> 01:01:24,120
Speaker 15: with colleagues, and so whenever we get to have awards,

1330
01:01:24,160 --> 01:01:26,600
Speaker 15: it's like, I guess, you know, like you guys having

1331
01:01:27,720 --> 01:01:31,360
Speaker 15: a Christmas party. You know, it's like staff Christmas party.

1332
01:01:31,920 --> 01:01:34,120
Speaker 15: That's when we actually get to all see each other

1333
01:01:34,240 --> 01:01:35,160
Speaker 15: and celebrate each other.

1334
01:01:35,240 --> 01:01:39,080
Speaker 2: So yeah, I love it fantastic. These are random questions

1335
01:01:39,200 --> 01:01:41,320
Speaker 2: that I just need before I forget them. I watched

1336
01:01:41,320 --> 01:01:44,080
Speaker 2: you video the other day and you're at the Grand

1337
01:01:44,120 --> 01:01:46,800
Speaker 2: Old Operating. Does that ever get old? Being at the

1338
01:01:46,840 --> 01:01:47,440
Speaker 2: Grand op?

1339
01:01:49,120 --> 01:01:49,160
Speaker 9: No?

1340
01:01:50,360 --> 01:01:50,720
Speaker 3: Hell no.

1341
01:01:51,080 --> 01:01:54,920
Speaker 15: When you've been waiting thirty years of your life for

1342
01:01:55,000 --> 01:01:57,800
Speaker 15: a dream to come true and that dream actually comes true,

1343
01:01:58,960 --> 01:02:01,560
Speaker 15: it can come true, you know, one time or a

1344
01:02:01,680 --> 01:02:04,720
Speaker 15: hundred times, and it never gets old because it's something

1345
01:02:04,800 --> 01:02:07,360
Speaker 15: that you've been you've been with. It's making up for

1346
01:02:07,440 --> 01:02:08,720
Speaker 15: thirty years of want to do it.

1347
01:02:08,880 --> 01:02:09,080
Speaker 9: You know.

1348
01:02:09,840 --> 01:02:11,840
Speaker 2: It doesn't have a vibe about it. Is there a

1349
01:02:11,920 --> 01:02:12,880
Speaker 2: magic about the place?

1350
01:02:13,760 --> 01:02:13,920
Speaker 12: Oh?

1351
01:02:14,080 --> 01:02:17,080
Speaker 15: Absolutely? Like you feel like you're you're getting to be

1352
01:02:17,280 --> 01:02:21,320
Speaker 15: like a tiny little thread in this massive tapestry of

1353
01:02:22,160 --> 01:02:26,600
Speaker 15: history and country music. And you know you're you're walking

1354
01:02:26,840 --> 01:02:29,760
Speaker 15: onto a stage, You're standing on a circle in the

1355
01:02:29,800 --> 01:02:32,280
Speaker 15: middle of the stage that comes from the Ryman Auditorium

1356
01:02:32,320 --> 01:02:36,680
Speaker 15: where you know Patsy Kleine and Johnny Cash and Elvis

1357
01:02:36,760 --> 01:02:42,400
Speaker 15: Presley all stood on that circle and the history of

1358
01:02:42,560 --> 01:02:47,400
Speaker 15: not just country music but music itself is you feel

1359
01:02:47,440 --> 01:02:50,080
Speaker 15: it surrounding you and bouncing off the walls when you

1360
01:02:50,240 --> 01:02:50,480
Speaker 15: like that.

1361
01:02:50,800 --> 01:02:54,320
Speaker 2: And and watching and watching the video that outfit you're wearing,

1362
01:02:54,360 --> 01:02:56,040
Speaker 2: where do you get that from? That must be made

1363
01:02:56,080 --> 01:02:56,240
Speaker 2: for you.

1364
01:02:57,560 --> 01:03:01,160
Speaker 15: All that outfit is of course made by my favorite

1365
01:03:01,200 --> 01:03:05,360
Speaker 15: New Zealand girls, the designers who make most of my dresses,

1366
01:03:05,760 --> 01:03:09,840
Speaker 15: and it's usually collaboration between Curvy Coture by Judy d

1367
01:03:10,120 --> 01:03:13,360
Speaker 15: Judy Martin up here in the North Island and then

1368
01:03:13,840 --> 01:03:17,480
Speaker 15: down in Wellington Zoe Hall, who is one of our

1369
01:03:17,560 --> 01:03:20,760
Speaker 15: celebrated New Zealand artists. She normally see her work on

1370
01:03:21,000 --> 01:03:24,680
Speaker 15: huge murals all around the country, but she, you know,

1371
01:03:24,840 --> 01:03:26,440
Speaker 15: shrinks it down from my dresses.

1372
01:03:27,560 --> 01:03:29,760
Speaker 2: How did that co labby thing come about? Then?

1373
01:03:30,480 --> 01:03:34,800
Speaker 15: Oh, it was years ago. It was years ago, probably

1374
01:03:35,240 --> 01:03:38,000
Speaker 15: ten or twelve years ago now that Zoe reached out

1375
01:03:38,040 --> 01:03:40,640
Speaker 15: to me and said, I'd love to make you a dress.

1376
01:03:40,960 --> 01:03:43,520
Speaker 15: And her very first dress that she ever made me

1377
01:03:43,760 --> 01:03:46,480
Speaker 15: was on the cover of my Sassafras album. She made

1378
01:03:46,520 --> 01:03:50,200
Speaker 15: this incredible Oh god, there, I think there was like

1379
01:03:50,360 --> 01:03:54,280
Speaker 15: three thousand rhinestones on it. So I met my match.

1380
01:03:54,760 --> 01:03:57,600
Speaker 2: You know, Well, it's no, It's just it's an eye catching,

1381
01:03:57,680 --> 01:04:00,880
Speaker 2: fantastic looking thing. The nixt random question I have for

1382
01:04:00,960 --> 01:04:02,520
Speaker 2: you and we had Fly My Pretties on the other

1383
01:04:02,640 --> 01:04:06,000
Speaker 2: day Barnaby weird anyway, and I become fascinated with how

1384
01:04:06,080 --> 01:04:10,640
Speaker 2: long albums take to put together and what's creatively acceptable

1385
01:04:11,240 --> 01:04:13,760
Speaker 2: and how long did this get take me on Cowboy

1386
01:04:13,880 --> 01:04:16,000
Speaker 2: take to get put together? And do you ever have

1387
01:04:16,160 --> 01:04:19,400
Speaker 2: the psychological thing thinking I haven't spent enough time on it,

1388
01:04:19,960 --> 01:04:22,560
Speaker 2: or this thing is you know, correspondingly gone on so

1389
01:04:22,760 --> 01:04:24,840
Speaker 2: long now I don't know whether it's any good anymore.

1390
01:04:27,320 --> 01:04:30,520
Speaker 15: I remember once Don mcglash and saying to me, I'm

1391
01:04:30,560 --> 01:04:32,920
Speaker 15: at that stage in the album creation where you know,

1392
01:04:32,920 --> 01:04:36,120
Speaker 15: I've written my songs and I'm wondering, like, are these

1393
01:04:36,240 --> 01:04:38,720
Speaker 15: brilliant or is it just a turd in a milkshake?

1394
01:04:41,040 --> 01:04:43,840
Speaker 15: And I think of it every time I'm like writing

1395
01:04:43,880 --> 01:04:45,439
Speaker 15: these songs and going are these good?

1396
01:04:45,560 --> 01:04:46,560
Speaker 3: Are they turds in.

1397
01:04:46,560 --> 01:04:47,200
Speaker 5: A milk shak?

1398
01:04:47,720 --> 01:04:52,560
Speaker 15: But it's uh, He's so eloquent, even in just not

1399
01:04:52,680 --> 01:04:53,480
Speaker 15: even songwriting.

1400
01:04:53,760 --> 01:04:56,280
Speaker 2: It's fantastic. So this one took a long time or

1401
01:04:56,320 --> 01:04:58,800
Speaker 2: a short time, or I mean Nashville's involved with us again,

1402
01:04:58,840 --> 01:04:59,160
Speaker 2: are they?

1403
01:05:00,000 --> 01:05:00,240
Speaker 18: Well?

1404
01:05:00,400 --> 01:05:03,960
Speaker 15: I do my albums all myself and I recorded this

1405
01:05:04,040 --> 01:05:06,320
Speaker 15: in New Zealand with my New Zealand band at Roundhead

1406
01:05:07,960 --> 01:05:13,080
Speaker 15: Neil Finn's beautiful studio. And most of my albums, by

1407
01:05:13,200 --> 01:05:17,480
Speaker 15: industry standards, happen pretty quickly from the time I'm kind

1408
01:05:17,520 --> 01:05:20,000
Speaker 15: of laying down the music to when it comes out.

1409
01:05:20,120 --> 01:05:22,880
Speaker 15: It's usually a year, and that sounds long to the

1410
01:05:22,960 --> 01:05:25,960
Speaker 15: average person, but you know, when you're talking an industry

1411
01:05:26,000 --> 01:05:28,320
Speaker 15: where people take years to make an album. I usually

1412
01:05:29,080 --> 01:05:33,800
Speaker 15: write my albums and then track them, track them within

1413
01:05:33,920 --> 01:05:37,000
Speaker 15: a week. So most of my albums are live off

1414
01:05:37,080 --> 01:05:40,640
Speaker 15: the floor. The takes that you hear are full takes

1415
01:05:40,840 --> 01:05:44,480
Speaker 15: me and my band in the room performing it live.

1416
01:05:44,800 --> 01:05:47,960
Speaker 15: So there's yeah, it's real. And I think in this

1417
01:05:48,080 --> 01:05:51,520
Speaker 15: age of you know, impending AI, the more we can

1418
01:05:51,600 --> 01:05:55,000
Speaker 15: lean into our humanity, you hope that comes through in

1419
01:05:55,080 --> 01:05:57,320
Speaker 15: the music and connects with other human hearts, you know.

1420
01:05:57,600 --> 01:06:01,880
Speaker 2: And that's it's so nicely said Tammy Young. Gonna pause

1421
01:06:01,920 --> 01:06:03,040
Speaker 2: on that and take a break. More than a mine

1422
01:06:03,040 --> 01:06:04,160
Speaker 2: at thirteen minutes past.

1423
01:06:04,000 --> 01:06:09,000
Speaker 1: Night the Mic Hosking Breakfast Full Show podcast on iHeartRadio

1424
01:06:09,240 --> 01:06:10,360
Speaker 1: Power by News Talks.

1425
01:06:10,400 --> 01:06:13,120
Speaker 2: It be News Talks. It'll be coming up sixteen past

1426
01:06:13,160 --> 01:06:15,960
Speaker 2: dight Tmmy Neilson is with us. The album Neon Calgaril

1427
01:06:16,000 --> 01:06:18,120
Speaker 2: out next month. Borrow My Boots is the single. The

1428
01:06:18,440 --> 01:06:22,160
Speaker 2: Music Awards are tonight. This this William Bob thing? Tell me,

1429
01:06:22,600 --> 01:06:24,800
Speaker 2: tell me, tell me about that? I mean, how does

1430
01:06:24,880 --> 01:06:25,160
Speaker 2: that work?

1431
01:06:25,240 --> 01:06:27,919
Speaker 15: I just I just love how we're just casually William Bob.

1432
01:06:28,000 --> 01:06:29,000
Speaker 2: Where are William Bob?

1433
01:06:30,680 --> 01:06:30,880
Speaker 18: Yeah?

1434
01:06:31,160 --> 01:06:34,840
Speaker 15: I was asked to be part of the Outlaw Festival Tour.

1435
01:06:35,040 --> 01:06:37,880
Speaker 15: It's a touring festival that's gone on for ten years now.

1436
01:06:38,400 --> 01:06:41,000
Speaker 15: They started a couple of weeks ago on the West

1437
01:06:41,080 --> 01:06:43,000
Speaker 15: Coast at the Hollywood Bowl and then they work their

1438
01:06:43,040 --> 01:06:47,680
Speaker 15: way across the country until basically end of September, and

1439
01:06:47,840 --> 01:06:51,480
Speaker 15: the lineup kind of rotates all throughout the festival or

1440
01:06:51,600 --> 01:06:56,840
Speaker 15: the tour, but the remaining headliners are always Bob Dylan

1441
01:06:56,960 --> 01:07:00,520
Speaker 15: and Willie Nelson and the rest of us come and go.

1442
01:07:00,960 --> 01:07:04,440
Speaker 15: So it's uh, it's it's a it's a tour I've

1443
01:07:04,560 --> 01:07:08,000
Speaker 15: dreamt of being on for the past Oh my goodness,

1444
01:07:08,400 --> 01:07:10,520
Speaker 15: five or six years since I heard of it, and

1445
01:07:12,320 --> 01:07:15,040
Speaker 15: and now I can't I can't believe I actually get

1446
01:07:15,120 --> 01:07:15,760
Speaker 15: to join it.

1447
01:07:16,040 --> 01:07:19,480
Speaker 2: You've got to have a saint that you've might it now,

1448
01:07:19,600 --> 01:07:21,640
Speaker 2: don't you. I mean, if if there was Aberny dout,

1449
01:07:21,640 --> 01:07:23,240
Speaker 2: you've got to have a saint that things have like

1450
01:07:23,360 --> 01:07:23,960
Speaker 2: coming your way.

1451
01:07:24,880 --> 01:07:25,080
Speaker 17: Yeah.

1452
01:07:25,120 --> 01:07:28,000
Speaker 15: I think that everybody has different definitions of making it.

1453
01:07:28,280 --> 01:07:32,280
Speaker 15: And you know, to some my career wouldn't you know,

1454
01:07:32,440 --> 01:07:37,880
Speaker 15: wouldn't look like making it for them. However, I get

1455
01:07:37,960 --> 01:07:40,200
Speaker 15: to do what I love. I get to still live

1456
01:07:40,240 --> 01:07:42,360
Speaker 15: on the other side of the world, have my family,

1457
01:07:42,520 --> 01:07:46,520
Speaker 15: have my children, and get to kind of zip out

1458
01:07:46,560 --> 01:07:50,760
Speaker 15: for little pockets of tours that aren't too long away

1459
01:07:50,840 --> 01:07:51,280
Speaker 15: from them.

1460
01:07:52,040 --> 01:07:53,520
Speaker 2: And to me, that success.

1461
01:07:53,840 --> 01:07:57,680
Speaker 15: You know, I know people who are far more I

1462
01:07:57,720 --> 01:08:01,200
Speaker 15: guess as the the industry call more successful than me.

1463
01:08:01,880 --> 01:08:04,960
Speaker 15: But they're friends who have you know, they don't have families.

1464
01:08:04,960 --> 01:08:06,960
Speaker 15: They're on their road twenty four to seven, and that's

1465
01:08:07,040 --> 01:08:09,200
Speaker 15: not something I'm really interesting.

1466
01:08:09,240 --> 01:08:13,360
Speaker 2: So it's your success. If you're successful, you're successful this

1467
01:08:13,560 --> 01:08:16,599
Speaker 2: co writing business. I'm into Nashville before the co writing.

1468
01:08:17,040 --> 01:08:18,280
Speaker 2: Do you do it all by zoom?

1469
01:08:19,920 --> 01:08:21,880
Speaker 15: That's you know, I haven't done a lot of co

1470
01:08:22,040 --> 01:08:25,000
Speaker 15: writing in Nashville other than you know, these couple songs

1471
01:08:26,160 --> 01:08:30,479
Speaker 15: and it. You know, initially, I really I try to

1472
01:08:30,600 --> 01:08:32,920
Speaker 15: zoom session. I'm like, this is so weird, you know,

1473
01:08:33,360 --> 01:08:35,599
Speaker 15: like it's weird not being in the room with someone,

1474
01:08:35,760 --> 01:08:37,800
Speaker 15: and I do try to write in person as much

1475
01:08:37,840 --> 01:08:41,439
Speaker 15: as I can when I'm in town. However, this session

1476
01:08:41,560 --> 01:08:44,880
Speaker 15: for Borrow My Boots with Ashley McBride and Shelley Fairchild

1477
01:08:45,600 --> 01:08:48,160
Speaker 15: was a pretty magical experience.

1478
01:08:48,280 --> 01:08:48,439
Speaker 16: You know.

1479
01:08:48,640 --> 01:08:50,640
Speaker 15: It was just like a one hour zoom and we

1480
01:08:50,800 --> 01:08:54,640
Speaker 15: were basically cackling and laughing for most of it and

1481
01:08:54,960 --> 01:08:57,320
Speaker 15: a song came out of it, so you know, it

1482
01:08:57,479 --> 01:09:00,640
Speaker 15: can be a great experience as well. It's not my

1483
01:09:00,760 --> 01:09:03,640
Speaker 15: preferred way of doing it, but that you know, if

1484
01:09:03,680 --> 01:09:05,040
Speaker 15: you have to do it, that was the best.

1485
01:09:05,439 --> 01:09:07,400
Speaker 2: I'm I'm I mean you mentioned round here before, which

1486
01:09:07,479 --> 01:09:10,519
Speaker 2: is the Finn studio, and Nil's on some of the album.

1487
01:09:10,600 --> 01:09:13,920
Speaker 2: Isn't he does he just does he like popping? Does

1488
01:09:13,960 --> 01:09:15,920
Speaker 2: he go you hide my studio? Do you want me

1489
01:09:15,960 --> 01:09:17,840
Speaker 2: to play something? You'll get some coffee or how does

1490
01:09:17,920 --> 01:09:18,320
Speaker 2: that work?

1491
01:09:19,040 --> 01:09:25,120
Speaker 15: He wanders the halls like a ghost. Yeah, No, it's

1492
01:09:25,200 --> 01:09:29,240
Speaker 15: pretty special. That that My last album was recorded kind

1493
01:09:29,280 --> 01:09:31,200
Speaker 15: of in the midst between where the world was kind

1494
01:09:31,200 --> 01:09:33,479
Speaker 15: of closed up and there wasn't a lot of touring

1495
01:09:33,520 --> 01:09:35,240
Speaker 15: going on, and so Neil was actually home and he

1496
01:09:35,360 --> 01:09:37,800
Speaker 15: did pop in and you know he I remember him

1497
01:09:37,840 --> 01:09:40,080
Speaker 15: coming shyly up to me and being like, is it okay?

1498
01:09:40,160 --> 01:09:42,320
Speaker 15: Do you mind? You know you're you're laying all the

1499
01:09:42,439 --> 01:09:44,920
Speaker 15: strings today and that's a beautiful way to spend the day.

1500
01:09:44,960 --> 01:09:48,120
Speaker 15: Would you mind if we came and watched him and

1501
01:09:48,200 --> 01:09:51,600
Speaker 15: Sharon and I'm like, this is your houseboy, like you

1502
01:09:51,720 --> 01:09:55,120
Speaker 15: can go anywhere you want. But this album, he was

1503
01:09:55,160 --> 01:09:59,360
Speaker 15: actually overseas touring his new album, Gravity Stairs, and so

1504
01:09:59,520 --> 01:10:03,640
Speaker 15: he was and around the studio and it ended up

1505
01:10:03,680 --> 01:10:07,719
Speaker 15: I was working the same producer, Steven Shram, who produced

1506
01:10:07,720 --> 01:10:12,360
Speaker 15: their latest album, was in town from Australia and he

1507
01:10:12,520 --> 01:10:14,560
Speaker 15: produced my album as well. So it was kind of

1508
01:10:14,640 --> 01:10:18,439
Speaker 15: this beautiful lucky thing that I got to use Steven

1509
01:10:18,479 --> 01:10:22,479
Speaker 15: as well. And he's still here has worked with some

1510
01:10:22,600 --> 01:10:26,840
Speaker 15: amazing Kiwi artists. So with that connection with Steve and

1511
01:10:26,880 --> 01:10:29,439
Speaker 15: I said, oh this, you know the title track keep

1512
01:10:29,479 --> 01:10:32,519
Speaker 15: Me On Cowgirl, Like do you think Neil would would

1513
01:10:32,560 --> 01:10:34,519
Speaker 15: put some harmonies on it, and he's like, well, just

1514
01:10:34,680 --> 01:10:38,960
Speaker 15: ask him, you know, And so I reached out and said,

1515
01:10:39,000 --> 01:10:41,240
Speaker 15: I don't suppose you would want to, you know, in

1516
01:10:41,520 --> 01:10:43,280
Speaker 15: the midst of all your touring, you're probably too busy.

1517
01:10:43,800 --> 01:10:45,880
Speaker 15: And he came back to me right away. He goes, actually,

1518
01:10:45,920 --> 01:10:47,880
Speaker 15: i'm home in a couple of days before we head

1519
01:10:47,880 --> 01:10:50,120
Speaker 15: off to Australia. I'll be home. Let me get my

1520
01:10:50,160 --> 01:10:52,439
Speaker 15: stuff set up. And he didn't just lend his vocals.

1521
01:10:52,520 --> 01:10:55,639
Speaker 15: He like, he put on piano, he did a remix.

1522
01:10:55,760 --> 01:10:58,120
Speaker 15: He was just he fully invested. He's like, I love

1523
01:10:58,200 --> 01:11:01,040
Speaker 15: this song so brilliant. He's a gem.

1524
01:11:01,360 --> 01:11:04,720
Speaker 2: Fantastsolute fantastic. Well, good luck tonight. Album of the Year

1525
01:11:05,120 --> 01:11:08,120
Speaker 2: Nielsen sings Nelson of course best country music Artist, and

1526
01:11:08,200 --> 01:11:10,200
Speaker 2: you're in the people's choice of And mind you, you

1527
01:11:10,280 --> 01:11:12,320
Speaker 2: had the Country music the other day and you won

1528
01:11:12,400 --> 01:11:15,320
Speaker 2: that as well. What was the lifetime Achievement or whatever

1529
01:11:15,320 --> 01:11:16,000
Speaker 2: they call it these.

1530
01:11:15,960 --> 01:11:21,240
Speaker 15: Days, Yeah, for contributions to country music in Alta, which

1531
01:11:21,320 --> 01:11:24,679
Speaker 15: was pretty I was very surprised by that one. They

1532
01:11:24,840 --> 01:11:29,280
Speaker 15: just started this honor and I was the first recipient recipient,

1533
01:11:29,479 --> 01:11:32,559
Speaker 15: so I was I cried my eyelashes.

1534
01:11:32,040 --> 01:11:34,720
Speaker 2: Of God on you and have you tried the New

1535
01:11:34,800 --> 01:11:37,439
Speaker 2: iHeart country music station. They whacked you on the playlist,

1536
01:11:37,520 --> 01:11:41,400
Speaker 2: which I didn't realize you'd never been on a linear

1537
01:11:41,520 --> 01:11:45,360
Speaker 2: radio station playlist, which I suppose says something appalling about

1538
01:11:45,640 --> 01:11:47,799
Speaker 2: you know, broadcasting in this country that we haven't recognized

1539
01:11:47,840 --> 01:11:49,600
Speaker 2: country music before. But there you go, you're on. You know,

1540
01:11:49,680 --> 01:11:51,080
Speaker 2: you're on a playlist, for goodness sake.

1541
01:11:51,840 --> 01:11:54,680
Speaker 15: It's it's pretty amazing after all this time. And this

1542
01:11:54,840 --> 01:11:57,000
Speaker 15: is the first time one of my singles, you know,

1543
01:11:57,320 --> 01:11:59,680
Speaker 15: it's it's a testament to New Zealanders. All of my

1544
01:11:59,720 --> 01:12:03,080
Speaker 15: album have gone number one because New Zealanders love country music,

1545
01:12:03,640 --> 01:12:06,160
Speaker 15: but none of my singles have ever charted or gotten

1546
01:12:06,200 --> 01:12:09,320
Speaker 15: played on the radio because, as you say, the industry

1547
01:12:09,400 --> 01:12:12,360
Speaker 15: isn't really kind of cottoned on too country music until recently,

1548
01:12:12,960 --> 01:12:15,479
Speaker 15: and so for the past two decades it's been, you know,

1549
01:12:15,600 --> 01:12:19,080
Speaker 15: a pretty pretty barren desert when it comes to radio play.

1550
01:12:19,520 --> 01:12:22,240
Speaker 15: And so this is the first time. I just noticed

1551
01:12:22,280 --> 01:12:25,280
Speaker 15: this week that my song has gone to number nine

1552
01:12:25,320 --> 01:12:29,240
Speaker 15: on their Hot Ones chart, which is massive. Yeah, often

1553
01:12:29,320 --> 01:12:30,360
Speaker 15: really exciting.

1554
01:12:30,080 --> 01:12:32,880
Speaker 2: Fantastic, great to catch up, good luck tonight, and we'll

1555
01:12:32,880 --> 01:12:33,720
Speaker 2: get you back real soon.

1556
01:12:34,680 --> 01:12:35,280
Speaker 15: Thank you mate.

1557
01:12:35,439 --> 01:12:37,679
Speaker 2: Nice to talk to you. Temmy Nielsen eight twenty two.

1558
01:12:38,479 --> 01:12:42,160
Speaker 1: The Mike Hosking Breakfast with Bailey's Real Estate News Talks

1559
01:12:42,160 --> 01:12:43,240
Speaker 1: Did be Now?

1560
01:12:43,439 --> 01:12:46,559
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1561
01:12:46,560 --> 01:12:48,400
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1562
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1563
01:12:51,560 --> 01:12:52,960
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1564
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1565
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1566
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1567
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Speaker 2: they source the top quality ingredients. They manufacture in GMP

1568
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1569
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1570
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1571
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1572
01:13:18,439 --> 01:13:21,040
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1573
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1574
01:13:23,240 --> 01:13:25,120
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1575
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1576
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1577
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1578
01:13:30,960 --> 01:13:34,640
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1579
01:13:34,720 --> 01:13:38,000
Speaker 2: week last chance too, fifteen percent off site wide. And

1580
01:13:38,240 --> 01:13:40,080
Speaker 2: if you want a free gift, use the code Breakfast

1581
01:13:40,080 --> 01:13:42,920
Speaker 2: SAE Breakfast and they'll give you a little gift. Some

1582
01:13:43,040 --> 01:13:45,439
Speaker 2: exclusions supply, but it's all good from the good people

1583
01:13:45,600 --> 01:13:49,280
Speaker 2: at a Bard Health. Hosking still to come on the program.

1584
01:13:49,360 --> 01:13:51,240
Speaker 2: I need to get to christ here, jiby time. It's

1585
01:13:51,240 --> 01:13:54,160
Speaker 2: a funny old thing this announcement yesterday. All these schools

1586
01:13:54,240 --> 01:13:58,040
Speaker 2: Lincoln Primary are don't need Springs Primary School and Lincoln

1587
01:13:58,920 --> 01:14:01,760
Speaker 2: they're out in Rolliston, Lliston College, wood End School would

1588
01:14:01,840 --> 01:14:04,920
Speaker 2: end the name Ballinger old family name of ours. Won't

1589
01:14:04,960 --> 01:14:07,320
Speaker 2: bore you with the details. But anyway we come. We

1590
01:14:07,520 --> 01:14:09,719
Speaker 2: come from wood End, is what I'm saying. Our family

1591
01:14:09,800 --> 01:14:12,720
Speaker 2: comes from wood End Sefton School. So the Ministry of

1592
01:14:12,800 --> 01:14:15,479
Speaker 2: Education was there making all the big announcements on education.

1593
01:14:15,600 --> 01:14:18,479
Speaker 2: Every time she makes announcements about that particular part of

1594
01:14:18,520 --> 01:14:21,519
Speaker 2: the area, all you're reminded of is what a booming

1595
01:14:21,640 --> 01:14:24,160
Speaker 2: part of the country it is. You're not building more

1596
01:14:24,200 --> 01:14:27,560
Speaker 2: skills and more classrooms because the place is stagnant. So

1597
01:14:27,680 --> 01:14:30,360
Speaker 2: if there is one place that is going off and

1598
01:14:30,560 --> 01:14:33,479
Speaker 2: obviously long term going off. It is that particular part

1599
01:14:33,479 --> 01:14:35,519
Speaker 2: of the world. Rod Little is standing by him for

1600
01:14:35,640 --> 01:14:37,720
Speaker 2: the news next year on the Mike casting Breakfast.

1601
01:14:43,680 --> 01:14:46,680
Speaker 1: The Breakfast Show, Kiwi's Trust to stay in the know,

1602
01:14:47,160 --> 01:14:50,280
Speaker 1: the Mic Hosking Breakfast with the range Rover, the la

1603
01:14:50,760 --> 01:14:52,960
Speaker 1: designed to intrigue and use togs.

1604
01:14:53,000 --> 01:14:55,479
Speaker 2: That'd be it just make the Erica Stanford yesterday. I mean,

1605
01:14:55,600 --> 01:14:57,320
Speaker 2: was that Indian thing a complete beat up or what

1606
01:14:57,560 --> 01:15:02,040
Speaker 2: I mean? For goodness sake? And wonder why it's got

1607
01:15:02,200 --> 01:15:04,080
Speaker 2: an appalling reputation. So if you missed the story, I

1608
01:15:04,120 --> 01:15:06,000
Speaker 2: happen to be watching it live of course because I'm

1609
01:15:06,120 --> 01:15:08,439
Speaker 2: a nerd. She answered the question in the house. It

1610
01:15:08,520 --> 01:15:11,720
Speaker 2: was about a week ago, and it goes back to

1611
01:15:12,160 --> 01:15:15,519
Speaker 2: what happened to her personal computer and her using a

1612
01:15:15,640 --> 01:15:19,120
Speaker 2: personal computer versus a government computer, and she said, I

1613
01:15:19,200 --> 01:15:22,400
Speaker 2: get a tremendous number of emails from all sorts of

1614
01:15:22,439 --> 01:15:25,200
Speaker 2: people from all over the world asking advice as to

1615
01:15:25,240 --> 01:15:27,640
Speaker 2: how I get into the country. And it's, you know,

1616
01:15:27,760 --> 01:15:31,519
Speaker 2: from places like India, and I see it as a

1617
01:15:31,600 --> 01:15:35,040
Speaker 2: kin to spam. Now they've allegedly gone and got all

1618
01:15:35,120 --> 01:15:37,880
Speaker 2: upset about that. But here's the point, and there was

1619
01:15:37,920 --> 01:15:40,200
Speaker 2: a person yesterday, I think it was the Labor spokesperson

1620
01:15:40,240 --> 01:15:43,120
Speaker 2: who was going, why India, Why does she pick on India?

1621
01:15:43,200 --> 01:15:46,280
Speaker 2: That's racis the reason she mentioned India is it would

1622
01:15:46,280 --> 01:15:48,240
Speaker 2: have been top of mind because if you look at

1623
01:15:48,280 --> 01:15:50,320
Speaker 2: the immigration stats, and they're not hard to look at,

1624
01:15:50,600 --> 01:15:52,760
Speaker 2: there are a couple of places that are booming in

1625
01:15:52,880 --> 01:15:54,679
Speaker 2: terms of people coming into the country, one of which

1626
01:15:54,720 --> 01:15:57,599
Speaker 2: is India. In fact, I think India is the top China, India,

1627
01:15:57,640 --> 01:15:59,840
Speaker 2: the Philippines and Fiji, and so it would have been

1628
01:16:00,680 --> 01:16:02,200
Speaker 2: Hence she made the comment, and that's the end of

1629
01:16:02,240 --> 01:16:04,640
Speaker 2: the world. And if we're going to get the end

1630
01:16:04,680 --> 01:16:06,360
Speaker 2: of the matter, and if we're going to get exercised

1631
01:16:06,360 --> 01:16:08,599
Speaker 2: about matters like this, you know, we've got better things

1632
01:16:08,640 --> 01:16:11,320
Speaker 2: to think about. Anyway, back to christ Church, when she

1633
01:16:11,400 --> 01:16:14,879
Speaker 2: announces all these things that she's building, all these schools,

1634
01:16:14,920 --> 01:16:17,040
Speaker 2: all these new facilities, and this is applicable to any

1635
01:16:17,040 --> 01:16:19,519
Speaker 2: given minister on any given day, on this particular part

1636
01:16:19,560 --> 01:16:21,719
Speaker 2: of the world, don't you want to move there? Isn't

1637
01:16:21,720 --> 01:16:23,880
Speaker 2: it one of those build that they will come You're

1638
01:16:23,920 --> 01:16:26,639
Speaker 2: looking at a place going oh they're expanding, Oh they're

1639
01:16:26,680 --> 01:16:29,160
Speaker 2: getting better. Oh there are more people going there are

1640
01:16:29,200 --> 01:16:31,400
Speaker 2: there or there are more jobs there. Maybe I want

1641
01:16:31,439 --> 01:16:32,920
Speaker 2: to be part of that. That's how it works, isn't it.

1642
01:16:33,000 --> 01:16:35,960
Speaker 2: It's all about It's all about a mindset. Twenty two

1643
01:16:36,000 --> 01:16:36,759
Speaker 2: minutes away.

1644
01:16:36,520 --> 01:16:40,840
Speaker 12: From nine International correspondence with ends and eye insurance, peace

1645
01:16:40,880 --> 01:16:42,280
Speaker 12: of mind for New Zealand business.

1646
01:16:42,680 --> 01:16:45,679
Speaker 2: But can we go Rod Little, Good morning mate major

1647
01:16:45,920 --> 01:16:48,519
Speaker 2: this Liverpool situation which we started funnily enough, it was

1648
01:16:48,600 --> 01:16:50,760
Speaker 2: unfolding as we were on here the other day. So

1649
01:16:50,880 --> 01:16:53,080
Speaker 2: we've got the bloke. The bloke seems what to have

1650
01:16:53,200 --> 01:16:55,240
Speaker 2: been on drugs and a lot of questions around how

1651
01:16:55,320 --> 01:16:57,080
Speaker 2: he gets to be behind an ambulance and get to

1652
01:16:57,200 --> 01:17:00,160
Speaker 2: do what he did. Where are we at now?

1653
01:17:00,640 --> 01:17:04,639
Speaker 17: I think there are interesting things about this aside from

1654
01:17:05,040 --> 01:17:06,800
Speaker 17: the fact, of course, so we have to remember that

1655
01:17:06,880 --> 01:17:09,240
Speaker 17: eighty people nearly and there was seventy d people in

1656
01:17:09,280 --> 01:17:12,559
Speaker 17: the latest gount have been injured by this, although none

1657
01:17:12,600 --> 01:17:16,320
Speaker 17: of them we think now seriously so the car did

1658
01:17:16,439 --> 01:17:20,720
Speaker 17: indeed plow into people so at about twenty miles an

1659
01:17:20,800 --> 01:17:26,120
Speaker 17: hour it was following an ambulance. The guy was immediately identified.

1660
01:17:26,160 --> 01:17:29,479
Speaker 17: In a break with tradition and break with what we

1661
01:17:29,640 --> 01:17:33,400
Speaker 17: believe was procedure, as a white Britain. This was to

1662
01:17:33,439 --> 01:17:37,160
Speaker 17: stop people going mad and burning mosques, of course, and

1663
01:17:37,439 --> 01:17:39,519
Speaker 17: we found out that he's a fifty three year old

1664
01:17:40,640 --> 01:17:45,200
Speaker 17: company director or businessman, owns a business, has a very

1665
01:17:45,280 --> 01:17:50,840
Speaker 17: respectable houses, adored locally. Nobody could understand it, and I

1666
01:17:51,000 --> 01:17:53,800
Speaker 17: think the odium which has been bored on him, which

1667
01:17:53,800 --> 01:17:56,759
Speaker 17: of course quite right, is that he'd made a mistake.

1668
01:17:57,479 --> 01:18:01,839
Speaker 17: This may not be some pated attack. It may simply

1669
01:18:01,960 --> 01:18:06,720
Speaker 17: be you followed the ambulance and found himself surrounded by

1670
01:18:07,040 --> 01:18:10,200
Speaker 17: screaming people, didn't know what to do, and that the

1671
01:18:10,320 --> 01:18:13,639
Speaker 17: drugs may well be prescription drugs. These are all guesses,

1672
01:18:14,280 --> 01:18:18,440
Speaker 17: but you know, it's one of those things where where

1673
01:18:18,520 --> 01:18:22,360
Speaker 17: life doesn't turn out quite another as the script.

1674
01:18:22,160 --> 01:18:24,519
Speaker 2: Had it very interesting. Well, it'll be interesting to see

1675
01:18:24,520 --> 01:18:26,360
Speaker 2: how it unfolds. And court of course I saw a

1676
01:18:26,400 --> 01:18:28,040
Speaker 2: fight who have snipers on the roof and all that

1677
01:18:28,120 --> 01:18:29,479
Speaker 2: sort of thing, and I'm thinking, I mean, there are

1678
01:18:29,640 --> 01:18:33,920
Speaker 2: questions around, how do you in a function of that

1679
01:18:34,160 --> 01:18:37,320
Speaker 2: size end up in a car driving down a street

1680
01:18:37,680 --> 01:18:39,040
Speaker 2: with what happened? How does that happen?

1681
01:18:39,720 --> 01:18:41,960
Speaker 17: It looks as if you did what quite a lot

1682
01:18:42,000 --> 01:18:45,200
Speaker 17: of UK drivers do in out crowded country, which is

1683
01:18:45,600 --> 01:18:47,400
Speaker 17: noticed that there was a heavy build up of traffic,

1684
01:18:47,520 --> 01:18:50,960
Speaker 17: wasn't getting anywhere? What's the thing to do? Followed ambulance right,

1685
01:18:51,200 --> 01:18:55,040
Speaker 17: because they'd be to pass through. That's my guess. I mean,

1686
01:18:55,120 --> 01:19:00,919
Speaker 17: I don't know. Clearly something was amiss, something was missed somewhere,

1687
01:19:01,880 --> 01:19:05,920
Speaker 17: but you know, we can do nothing spontaneously in our

1688
01:19:06,040 --> 01:19:07,479
Speaker 17: country as crowded as ours.

1689
01:19:07,520 --> 01:19:10,639
Speaker 2: Mate, we cannot. Does he throw fire? Which I followed

1690
01:19:10,640 --> 01:19:12,680
Speaker 2: with a great deal of interest at the time when

1691
01:19:12,760 --> 01:19:15,080
Speaker 2: it was pointed out that they had been warned previously

1692
01:19:15,200 --> 01:19:17,360
Speaker 2: that the power supplied to the airport was a problem

1693
01:19:17,400 --> 01:19:19,160
Speaker 2: and they didn't have enough backup in all of those

1694
01:19:19,200 --> 01:19:24,960
Speaker 2: sort of things. Now we find out the boss was asleep, Yes,

1695
01:19:26,360 --> 01:19:29,599
Speaker 2: how is this possible? And when his phone's on silent,

1696
01:19:30,920 --> 01:19:31,639
Speaker 2: his food.

1697
01:19:31,600 --> 01:19:36,320
Speaker 17: Was unsilent and he was asleep. Now, basically the inquiry

1698
01:19:36,400 --> 01:19:39,439
Speaker 17: has rather exonerated his throw and said that they were

1699
01:19:39,600 --> 01:19:46,559
Speaker 17: right to have closed the airport because whatever alternative arrangements

1700
01:19:46,560 --> 01:19:48,639
Speaker 17: they could have been made, couldn't have been made quickly enough,

1701
01:19:48,760 --> 01:19:52,120
Speaker 17: or had it quickly, But the us of this guy

1702
01:19:53,280 --> 01:19:57,480
Speaker 17: was fast asleep whilst all of this was happening. It's embarrassing.

1703
01:19:58,040 --> 01:20:01,639
Speaker 17: That being said, Mike, you know, I put my phone

1704
01:20:01,680 --> 01:20:05,639
Speaker 17: on silence a long time ago, nineteen ninety seven, went

1705
01:20:05,720 --> 01:20:10,040
Speaker 17: to bed. It rang and rang and rang. I lord

1706
01:20:10,120 --> 01:20:13,479
Speaker 17: it completely woke up in the morning and apparently was

1707
01:20:13,520 --> 01:20:17,519
Speaker 17: my office telling me the Princess Diana has been Oh you, mister,

1708
01:20:19,160 --> 01:20:22,680
Speaker 17: I missed it. We all do this, don't we? We

1709
01:20:22,880 --> 01:20:23,560
Speaker 17: all do this.

1710
01:20:23,840 --> 01:20:25,920
Speaker 2: I suppose, I supprise. It depends on what you're in

1711
01:20:26,040 --> 01:20:26,880
Speaker 2: charge of, doesn't it.

1712
01:20:27,280 --> 01:20:29,479
Speaker 17: Yes, it does. Yeah, well mine was only a national

1713
01:20:29,600 --> 01:20:36,160
Speaker 17: broadcasting station, so don't worry about that. But you have

1714
01:20:36,400 --> 01:20:40,320
Speaker 17: to feel whilst glassy, you have to feel a degree

1715
01:20:40,360 --> 01:20:43,679
Speaker 17: of sympathy, don't you just have to feel a degree

1716
01:20:43,720 --> 01:20:44,679
Speaker 17: of sympathy exactly.

1717
01:20:44,920 --> 01:20:47,080
Speaker 2: There's some we were talking on the program Milia this morning,

1718
01:20:47,120 --> 01:20:51,080
Speaker 2: Marco Rubio and students being banned from Harvard and universities

1719
01:20:51,160 --> 01:20:53,360
Speaker 2: and cancelations of appointments and you may or may not

1720
01:20:53,439 --> 01:20:56,120
Speaker 2: even get there. Now we've got this offcom thing. How

1721
01:20:56,280 --> 01:20:58,120
Speaker 2: broad I mean, how many people are going to be

1722
01:20:58,240 --> 01:21:00,240
Speaker 2: caught in this nick do you think eventually on what

1723
01:21:00,360 --> 01:21:02,720
Speaker 2: they may or may not have seen about America at

1724
01:21:02,800 --> 01:21:04,000
Speaker 2: some point in their life?

1725
01:21:04,680 --> 01:21:07,800
Speaker 17: Well, I hope lots of them get caught. It's a

1726
01:21:08,200 --> 01:21:11,080
Speaker 17: wonderful moment Schaud and Floyda for all these appalling people,

1727
01:21:11,439 --> 01:21:15,080
Speaker 17: particularly off cold which judicates upon what people can and

1728
01:21:15,200 --> 01:21:19,240
Speaker 17: cannot say on air on radio programs such as What

1729
01:21:19,400 --> 01:21:22,840
Speaker 17: I Do on a Saturday, and they've already investigated me.

1730
01:21:23,080 --> 01:21:23,320
Speaker 5: Mate.

1731
01:21:25,240 --> 01:21:27,680
Speaker 17: I am down with Donald Trump all the way on

1732
01:21:27,800 --> 01:21:32,840
Speaker 17: this one. So it's basically the crux of it is

1733
01:21:33,320 --> 01:21:36,559
Speaker 17: if you are silencing American people who wish to tell

1734
01:21:36,600 --> 01:21:39,680
Speaker 17: you something, even if it's a load of rubbish, then

1735
01:21:39,960 --> 01:21:42,760
Speaker 17: then you're not allowed into the country. I don't think

1736
01:21:42,800 --> 01:21:45,400
Speaker 17: it's going to affect many people, but it has cheered

1737
01:21:45,479 --> 01:21:48,040
Speaker 17: me up enormously over the last twenty four hours.

1738
01:21:48,400 --> 01:21:51,120
Speaker 2: You go, well, we'll catch up next week. Nigel Farage,

1739
01:21:51,439 --> 01:21:55,800
Speaker 2: he was talking about text breaks for children. He's walking

1740
01:21:55,840 --> 01:21:59,519
Speaker 2: a very fine line because it's for married people. He's

1741
01:21:59,560 --> 01:22:02,160
Speaker 2: been the twice and he says he's not a great

1742
01:22:03,000 --> 01:22:06,559
Speaker 2: advertisement for marriage, but making marriage a little bit more

1743
01:22:06,640 --> 01:22:09,360
Speaker 2: important is the right thing to do, and it gives

1744
01:22:09,439 --> 01:22:12,080
Speaker 2: children the best chance of success in life, is his arguments.

1745
01:22:12,080 --> 01:22:14,200
Speaker 2: So there's a tax break coming and he, along with

1746
01:22:14,280 --> 01:22:17,160
Speaker 2: the Labor Party, would lift and this is interesting given

1747
01:22:17,200 --> 01:22:20,120
Speaker 2: where he comes from politically, he would lift the cap

1748
01:22:20,400 --> 01:22:22,479
Speaker 2: that they have on two children in Britain. If you

1749
01:22:22,520 --> 01:22:26,280
Speaker 2: don't know for benefits welfare, you can have two children

1750
01:22:26,479 --> 01:22:27,840
Speaker 2: and if you want to have more there is no

1751
01:22:27,960 --> 01:22:31,120
Speaker 2: more money. He would lift that, as with the Labor Party,

1752
01:22:31,200 --> 01:22:33,120
Speaker 2: which I find interesting. At forty five.

1753
01:22:34,479 --> 01:22:37,840
Speaker 1: The Mike Asking Breakfast Full Show podcast on I have

1754
01:22:38,080 --> 01:22:39,920
Speaker 1: Radio powered by News Talks.

1755
01:22:39,680 --> 01:22:42,040
Speaker 2: At be Mike, I had not heard of the UK

1756
01:22:42,200 --> 01:22:44,960
Speaker 2: sealing on two children's benefits. How would New Zealand look

1757
01:22:45,000 --> 01:22:46,680
Speaker 2: different if this was implemented here. It's one of the

1758
01:22:46,720 --> 01:22:50,040
Speaker 2: many questions I've thought about. And the situation in Britain

1759
01:22:50,080 --> 01:22:52,680
Speaker 2: seems unique, and yet when you look at it, it

1760
01:22:52,800 --> 01:22:56,479
Speaker 2: seems so obvious that you say to people, sure, you

1761
01:22:56,520 --> 01:22:59,200
Speaker 2: can have as many kids as you like, but don't

1762
01:22:59,320 --> 01:23:02,040
Speaker 2: think the state going to support any number of them.

1763
01:23:02,320 --> 01:23:05,280
Speaker 2: And yet only Britain, as far as I know, has

1764
01:23:05,320 --> 01:23:07,360
Speaker 2: implemented any policies. The best news I've got for you

1765
01:23:07,479 --> 01:23:09,760
Speaker 2: so far this morning comes to us from Terra, who's

1766
01:23:09,880 --> 01:23:12,759
Speaker 2: just announced their results fon Terr a of the company,

1767
01:23:13,280 --> 01:23:19,680
Speaker 2: their profit after tax one point one five eight billion dollars,

1768
01:23:20,320 --> 01:23:23,200
Speaker 2: up eleven percent. I'll repeat that, I'll do it a

1769
01:23:23,240 --> 01:23:27,320
Speaker 2: different way. One thousand, one hundred and fifty eight million

1770
01:23:27,439 --> 01:23:31,400
Speaker 2: dollars up eleven percent farmgate. And you'll realize if you

1771
01:23:31,439 --> 01:23:33,400
Speaker 2: follow these things, these seasons just wrapping up at the

1772
01:23:33,479 --> 01:23:35,599
Speaker 2: end of the month. That's how the cow business works.

1773
01:23:35,880 --> 01:23:38,280
Speaker 2: Farmgate milk price at ten dollars per kilo, So we'll

1774
01:23:38,280 --> 01:23:41,120
Speaker 2: take that all day long, chat ching. And even more

1775
01:23:41,160 --> 01:23:45,280
Speaker 2: important than that, their opening forecast for the coming season

1776
01:23:45,320 --> 01:23:48,479
Speaker 2: twenty five to twenty six is ten dollars again, So

1777
01:23:48,640 --> 01:23:50,600
Speaker 2: it'll go up, it might go down. It depends on

1778
01:23:50,640 --> 01:23:52,519
Speaker 2: what happens in the world. But to open at ten,

1779
01:23:53,040 --> 01:23:55,360
Speaker 2: I don't know. I can't even I don't know that

1780
01:23:55,439 --> 01:23:58,880
Speaker 2: we've ever opened at ten. So this might be record

1781
01:23:58,920 --> 01:24:02,240
Speaker 2: breaking dividends, Yes, we'll have some of those, please, so

1782
01:24:02,360 --> 01:24:04,800
Speaker 2: if you're a Fonterra shareholder, So the farmers will be

1783
01:24:05,680 --> 01:24:10,280
Speaker 2: sixty five to seventy five cents a share. I remember,

1784
01:24:10,360 --> 01:24:12,559
Speaker 2: not so long ago they said twenty five to thirty.

1785
01:24:12,680 --> 01:24:16,080
Speaker 2: I mean I can remember fifteen to twenty sixty five

1786
01:24:16,160 --> 01:24:19,799
Speaker 2: to seventy five cents are share paying out ten dollars

1787
01:24:19,920 --> 01:24:24,439
Speaker 2: per kilogram on the milk solids. That what does that mean? Mike?

1788
01:24:24,600 --> 01:24:26,760
Speaker 2: As far as New Zealand Inc. Is concerned, Well, what

1789
01:24:26,920 --> 01:24:31,080
Speaker 2: that means is fifteen dollars. Oh no, no, it doesn't

1790
01:24:31,280 --> 01:24:36,519
Speaker 2: fifteen billion dollars fifteen billion dollars into the New Zealand economy.

1791
01:24:36,880 --> 01:24:39,280
Speaker 2: So Christian hawksby at the Reserve Bank looks at that

1792
01:24:39,320 --> 01:24:42,560
Speaker 2: and goes, fantastic. Economy is brilliant. Look at that. But

1793
01:24:42,640 --> 01:24:44,360
Speaker 2: it's only a bit of the economy. And so I

1794
01:24:44,520 --> 01:24:46,840
Speaker 2: couldn't be happier for them, And I hope it all

1795
01:24:47,400 --> 01:24:48,840
Speaker 2: flows through to the rest of us, and those of

1796
01:24:48,920 --> 01:24:51,240
Speaker 2: us who you know aren't doing quite as well as

1797
01:24:51,280 --> 01:24:55,920
Speaker 2: the farmer. But what a watershed day for rural New Zealand.

1798
01:24:56,080 --> 01:24:59,840
Speaker 1: Turn away from nine the Mike Hosking Breakfast with the

1799
01:25:00,040 --> 01:25:02,280
Speaker 1: Yeah Retirement, Communities News Togsdad b.

1800
01:25:02,439 --> 01:25:04,439
Speaker 2: Now the all new Defender Octor. If you haven't seen it,

1801
01:25:04,520 --> 01:25:05,920
Speaker 2: go to YouTube, have a look at a video, a

1802
01:25:05,960 --> 01:25:08,839
Speaker 2: lot of videos on It's just unbelievable. Master of extreme

1803
01:25:08,880 --> 01:25:14,080
Speaker 2: off road non road performance, unrivaled responsiveness, unmatched capability. Looks amazing.

1804
01:25:14,160 --> 01:25:16,640
Speaker 2: Got the rise, raised height, got the wider stance, got

1805
01:25:16,680 --> 01:25:20,280
Speaker 2: the thirty three inch tires. They've got a big graphite

1806
01:25:20,560 --> 01:25:22,640
Speaker 2: under shield in the front, protects you from you know,

1807
01:25:22,720 --> 01:25:24,880
Speaker 2: the rugged terrain because you're going anywhere in this thing

1808
01:25:25,320 --> 01:25:29,960
Speaker 2: engines unbelievable. They've hyped it up supercharge V eight six

1809
01:25:30,120 --> 01:25:32,719
Speaker 2: hundred and twenty six horse power, which is not just horsepower,

1810
01:25:32,800 --> 01:25:35,080
Speaker 2: sort of hang on type power. Everything you love about

1811
01:25:35,120 --> 01:25:37,080
Speaker 2: the Defender basically, and they've turned it up to eleven.

1812
01:25:37,160 --> 01:25:39,519
Speaker 2: So this is the Octa and the Octor's got Octa Mode.

1813
01:25:39,720 --> 01:25:42,559
Speaker 2: It's a little button on the steering wheel that unlocks

1814
01:25:42,880 --> 01:25:45,639
Speaker 2: calibrations of traction control ABS and V eight performance that's

1815
01:25:45,720 --> 01:25:49,360
Speaker 2: designed to showcase the vehicles classifying capability. And my personal

1816
01:25:49,400 --> 01:25:52,960
Speaker 2: favorite is brilliant the sixty Dynamics. It's a suspension system

1817
01:25:53,320 --> 01:25:56,400
Speaker 2: that responds to driving styles with hydraulic interlink dampers and

1818
01:25:56,479 --> 01:25:59,240
Speaker 2: high adjustable air springs. It really is a piece of genius. Basically,

1819
01:25:59,400 --> 01:26:01,760
Speaker 2: go anywhere, do anything, look good doing it, and sound

1820
01:26:01,840 --> 01:26:05,200
Speaker 2: even better. This is the Defender, the most powerful Defender, Ibbermaid.

1821
01:26:05,280 --> 01:26:08,080
Speaker 2: You can go see it at your local lane drive Adila.

1822
01:26:08,160 --> 01:26:12,360
Speaker 2: To date, asking taco triding is a thing Trump always

1823
01:26:12,720 --> 01:26:14,679
Speaker 2: chickens out taco.

1824
01:26:15,080 --> 01:26:15,960
Speaker 15: Also, analysts have.

1825
01:26:16,040 --> 01:26:17,880
Speaker 14: Coined a new perm called the taco trade.

1826
01:26:17,920 --> 01:26:21,160
Speaker 10: They're saying Trump always chickens out on your TARFF threats

1827
01:26:21,200 --> 01:26:22,880
Speaker 10: and that's why markets are higher this week.

1828
01:26:23,080 --> 01:26:24,040
Speaker 15: What's your response to that?

1829
01:26:24,360 --> 01:26:24,960
Speaker 3: I kick out?

1830
01:26:25,439 --> 01:26:26,000
Speaker 15: Check it out?

1831
01:26:26,880 --> 01:26:29,280
Speaker 3: Oh, then I check it out. I've never heard that.

1832
01:26:29,520 --> 01:26:32,360
Speaker 10: You mean because I reduced China from one hundred and

1833
01:26:32,400 --> 01:26:35,320
Speaker 10: forty five percent that I set down to one hundred

1834
01:26:35,360 --> 01:26:37,920
Speaker 10: and then down to another number, and I said, you

1835
01:26:38,000 --> 01:26:41,320
Speaker 10: have to open up your whole country. And because I

1836
01:26:42,200 --> 01:26:46,960
Speaker 10: gave the European Union a fifty percent tax UH tariff,

1837
01:26:47,800 --> 01:26:50,200
Speaker 10: and they called up and they said, please, let's meet

1838
01:26:50,280 --> 01:26:53,679
Speaker 10: right now. Please, let's meet right now. And I said, okay,

1839
01:26:53,720 --> 01:26:56,840
Speaker 10: I'll give you till G nine. I actually asked them,

1840
01:26:56,880 --> 01:26:59,360
Speaker 10: I said what's the date? Because they weren't willing to meet?

1841
01:26:59,760 --> 01:27:02,519
Speaker 10: And after I did what I did, they said, we'll

1842
01:27:02,600 --> 01:27:06,120
Speaker 10: meet any time you want, and we have an end

1843
01:27:06,200 --> 01:27:09,679
Speaker 10: date of July nighth You call that chicken hang out.

1844
01:27:10,120 --> 01:27:14,720
Speaker 1: Trending now with the Chemist Warehouse Mayhem, Maga sale on now.

1845
01:27:14,880 --> 01:27:17,559
Speaker 2: They wanted to meet. Then they wouldn't meet, and I said,

1846
01:27:17,560 --> 01:27:18,920
Speaker 2: when do you want to meet? They didn't want to meet,

1847
01:27:18,960 --> 01:27:21,639
Speaker 2: but they wanted to meet. Where are my Apple? TV?

1848
01:27:22,360 --> 01:27:24,720
Speaker 2: Smoke is the new television program Smoked done by the

1849
01:27:24,720 --> 01:27:26,680
Speaker 2: same people who did Blackbird, which I think I saw

1850
01:27:26,720 --> 01:27:28,240
Speaker 2: and I think I liked. I want to say I

1851
01:27:28,360 --> 01:27:32,000
Speaker 2: did and I did, so that's good Stars Taron Egerton.

1852
01:27:32,520 --> 01:27:35,040
Speaker 2: It's about arson investigator teaming up with the police to

1853
01:27:35,120 --> 01:27:36,280
Speaker 2: stop serial arseners.

1854
01:27:36,520 --> 01:27:37,320
Speaker 3: I've been tolling to.

1855
01:27:37,360 --> 01:27:42,040
Speaker 6: Have two Cereal arsonist working this area, no significant leans

1856
01:27:42,080 --> 01:27:42,439
Speaker 6: on either.

1857
01:27:43,320 --> 01:27:46,560
Speaker 3: You don't know anything about arsen Yeah, but I know

1858
01:27:46,680 --> 01:27:48,080
Speaker 3: turn about crime scene analysis.

1859
01:27:49,920 --> 01:27:52,800
Speaker 15: Cereal arsonists tend to be vioreless in their own lives.

1860
01:27:53,720 --> 01:27:55,280
Speaker 3: They want other people to know what that feels like.

1861
01:27:56,400 --> 01:27:58,760
Speaker 3: I don't let them in your head. That's not the

1862
01:27:58,840 --> 01:28:01,840
Speaker 3: kind of guy that gets in my head. Oh you

1863
01:28:01,960 --> 01:28:10,240
Speaker 3: feeling lately? You seem a little off. If I suspect

1864
01:28:10,280 --> 01:28:13,559
Speaker 3: it your husband or a crime, but that shark you.

1865
01:28:15,040 --> 01:28:15,479
Speaker 16: A crime?

1866
01:28:15,520 --> 01:28:20,439
Speaker 3: Would that be arsenal crime?

1867
01:28:20,600 --> 01:28:23,040
Speaker 15: They can be capable of arstin.

1868
01:28:24,160 --> 01:28:25,480
Speaker 14: I think it's arsen.

1869
01:28:26,800 --> 01:28:27,800
Speaker 2: That's out on Apple TV.

1870
01:28:27,920 --> 01:28:29,120
Speaker 3: This is not quiet talking.

1871
01:28:29,640 --> 01:28:31,599
Speaker 2: That's why I couldn't do it. They just said turn

1872
01:28:31,680 --> 01:28:35,120
Speaker 2: it down. I couldn't do it. Apple TV, twenty seven June.

1873
01:28:35,160 --> 01:28:37,280
Speaker 2: If you're into that, I watched a Complete Unknown over

1874
01:28:37,360 --> 01:28:40,559
Speaker 2: the weekend. I've been waiting for it to become free

1875
01:28:40,800 --> 01:28:43,720
Speaker 2: on the service that I already pay for, because I

1876
01:28:43,840 --> 01:28:46,439
Speaker 2: cannot tell you the fury that builds up in me

1877
01:28:47,000 --> 01:28:48,960
Speaker 2: when I go to the service I already pay for

1878
01:28:49,240 --> 01:28:51,439
Speaker 2: and then they go, hey, over here is some stuff

1879
01:28:51,479 --> 01:28:54,360
Speaker 2: you can pay even more for, sucker, And I'm thinking,

1880
01:28:54,400 --> 01:28:57,160
Speaker 2: I am not watching this until it's free. Finally became free,

1881
01:28:58,360 --> 01:29:00,360
Speaker 2: and then I watched it. We watched it. Katie and

1882
01:29:00,400 --> 01:29:02,720
Speaker 2: I watched it, and we both agreed it was not

1883
01:29:03,240 --> 01:29:04,720
Speaker 2: as good as people had made it out to be.

1884
01:29:05,040 --> 01:29:08,120
Speaker 2: Good movie, nothing wrong with it. Fine, but people came

1885
01:29:08,160 --> 01:29:09,760
Speaker 2: to us and said, you've got to see it. It's

1886
01:29:09,840 --> 01:29:13,120
Speaker 2: life changing and he'll win the Oscar and he's the

1887
01:29:13,160 --> 01:29:16,320
Speaker 2: greatest thing in the world and it's incredible. I disagree.

1888
01:29:16,439 --> 01:29:19,320
Speaker 2: We disagree, and I think where as a unit are correct,

1889
01:29:19,600 --> 01:29:22,639
Speaker 2: great movie, nothing wrong with it. He's impersonation of Bob Dylan.

1890
01:29:22,760 --> 01:29:25,320
Speaker 2: Quite good, not great. No, Jamie Fox and Ray Charles,

1891
01:29:25,360 --> 01:29:26,320
Speaker 2: I can tell you that for nothing.

1892
01:29:26,479 --> 01:29:27,599
Speaker 5: How about Edward Norton.

1893
01:29:27,400 --> 01:29:31,759
Speaker 2: Though he was good? Ah, not badway. We're back tomorrow

1894
01:29:31,800 --> 01:29:34,160
Speaker 2: morning from six a Friday Morning's edition to the Mike

1895
01:29:34,200 --> 01:29:37,799
Speaker 2: Hosking Breakfast Happy Days for more.

1896
01:29:37,760 --> 01:29:39,160
Speaker 3: From the Mike Hosking Breakfast.

1897
01:29:39,360 --> 01:29:42,640
Speaker 1: Listen live to news talks it'd be from six am weekdays,

1898
01:29:42,920 --> 01:29:44,920
Speaker 1: or follow the podcast on iHeartRadio