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

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Speaker 1: Or it's Ryan Bridge on hither du for see Ellen

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Speaker 1: Drive with one New Zealand let's get connected and news talks.

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Speaker 2: They'd be good afternoon, Welcome to Friday. It is seven

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Speaker 2: after four News talk. There'd be Judith Collins on the

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Speaker 2: mana Manui, the ship that sunk because of human era?

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Speaker 2: Which human or humans are we talking about? She's on

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Speaker 2: the show after five. The Treaty Bill? What next after

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Speaker 2: the Select Committee's had there? Say? The US stocks and

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Speaker 2: free fall today? The blood leading might continue and we

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Speaker 2: have our ocr review next week. Don't forget about that.

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Speaker 2: Nick Tuffley's at five point thirty five to remind us

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Speaker 2: bas Up on the Poles and Clay Wilson and Nicky

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Speaker 2: Starrus on the sports Huddle.

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Speaker 3: Today, Ryan Bridge, So.

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Speaker 2: David Seymour's lost the battle, but has he won the war?

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Speaker 2: If the goal was to redefine the Treaty principles and

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Speaker 2: one fell swoop with a bill that didn't have the

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Speaker 2: support it needed to get past it the first reading,

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Speaker 2: which was clearly ambitious and never going to happen, then

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Speaker 2: he's lost. But if the goal and Seemol's not stupid

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Speaker 2: was to start a national conversation, to have the debate,

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Speaker 2: to move the goalposts on partnership, so much of which

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Speaker 2: had been defined by the previous labor lot. Then it's

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Speaker 2: hard to argue he hasn't been somewhat successful in doing that.

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Speaker 2: He made a couple of interesting points in a stand

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Speaker 2: up today. Ninety five percent of these submitters opposing the

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Speaker 2: bill doesn't mean ninety five percent of the country. The

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Speaker 2: end of life choice bill was opposed by ninety odd

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Speaker 2: percent to submitters, but passed on a referendum two thirds

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Speaker 2: to one. It's the age old problem with consultation. You

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Speaker 2: see it with cycle ways and councils. And I've spoken

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Speaker 2: about this before because it's the pet peeve of mine.

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Speaker 2: But only those people who really love to get on

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Speaker 2: a bike bother to turn up and make an oral submission.

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Speaker 2: Everyone else is too busy and stuck in traffic getting

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Speaker 2: to work. So the fact this bill has failed doesn't

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Speaker 2: mean it will fail if put to the public. The

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Speaker 2: bigger issue here for Seymour I reckon is timing. The

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Speaker 2: treaty question isn't question is an existential one. It's a

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Speaker 2: largely theoretical one. Trying to have this debate during the

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Speaker 2: worst recession in thirty years and coming off the back

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Speaker 2: of sky high inflation. It's just bad timing. People want

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Speaker 2: their government talking about mortgage rates, not race. One day,

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Speaker 2: the time might come, the moment might be right and

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Speaker 2: we can afford to confront this issue, which given the

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Speaker 2: number of submissions, clearly has a fair whack of us.

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Speaker 2: Rather exercise Bryan Bridge News talksb It is nine minutes

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Speaker 2: after four. We will talk to James Meager about that

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Speaker 2: after five too. Right, if you're a Sky customer, you

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Speaker 2: have a date for a new satellite It is April fourteenth,

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Speaker 2: but some customers in Northland, Southland, Gisbon in the East

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Speaker 2: Cape will need to have their rooftop dishes replaced beforehand.

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Speaker 2: Joining me is Sky's chief corporate affairs officer, Chris Major. Chris,

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Speaker 2: good afternoon, Hi Ryan, So we've got a date. That's great.

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Speaker 2: How do you know how many customers will need new dishes?

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Speaker 4: Hey?

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Speaker 5: Well, can i's quickly on that date?

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Speaker 4: Yes, all of the fourteenth.

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Speaker 5: So we are not actually putting a particular date on it.

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Speaker 5: Because these things are there are variables like weather. As

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Speaker 5: you look out the window now, so yeah, it might

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Speaker 5: not be the fourteenth, that'll.

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Speaker 6: Be that week.

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Speaker 2: Okay, so one day in the week of the fourteenth, good,

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Speaker 2: good clarification and.

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Speaker 5: Look for the vast majority of our customers, they won't

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Speaker 5: even notice. We have written to all of our customers

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Speaker 5: last night to say there's one thing we want them

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Speaker 5: to do, which is to please make sure your black

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Speaker 5: skybox has turned on. It's really important that the box

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Speaker 5: is plugged in and turned on because it needs to

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Speaker 5: receive some software and then it needs to migrate to

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Speaker 5: the new satellite.

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Speaker 2: Right, so everyone has to have their box on for

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Speaker 2: the whole week starting the fourteenth of April. And about

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Speaker 2: what about the people who might need new set new

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Speaker 2: dishes on the roof? Do you have a number?

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Speaker 5: We do, in part, so the new satellite is now

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Speaker 5: in place in the right orbital slot, and so we've

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Speaker 5: been able to do some testing and we've found these

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Speaker 5: three regions where people might not have an to MOLL signal.

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Speaker 5: The reason I say that's in part is that we

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Speaker 5: know that there are some who will most definitely need

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Speaker 5: a new dish, and we're already out talking with them.

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Speaker 5: In fact, we've done most of the upgrades already, they

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Speaker 5: need to have a slightly bigger dish than the current

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Speaker 5: dish that they've got. So of those, there's two and

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Speaker 5: a half thousand and we've been out to sixteen hundred

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Speaker 5: of them, so you know, we're making good progress with them.

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Speaker 5: The trickier one is the next category, which is other

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Speaker 5: people who live in that region. We're not completely sure

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Speaker 5: if they're okay or not, and so we've written to them.

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Speaker 5: In some cases we're texting or calling them to say,

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Speaker 5: could you please do a test for us on your remote,

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Speaker 5: super simple, just to tell us if you've got a

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Speaker 5: good sectal or lot. So I don't know that number yet,

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Speaker 5: we really do want people to do that test and

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Speaker 5: let us know so we can get them set up.

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Speaker 2: Okay, fair enough, it sounds like you're making good progress

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Speaker 2: on it. But how much does it cost or do

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Speaker 2: you cover the cost of the new dish?

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Speaker 4: Oh?

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Speaker 5: We cover it definitely, We've got and we've got extra texts.

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Speaker 5: You know, there's a team that went up to Northland

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Speaker 5: on Tuesday of this week, so they think they're in

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Speaker 5: Mongaduy today, so they're doing their best to get out

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Speaker 5: as many people as possible. You know, because that migration

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Speaker 5: day is pretty soon.

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Speaker 2: It sounds quite antiquated in a way, doesn't it. I

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Speaker 2: Mean when you consider that for most people living in

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Speaker 2: big cities, they get all their stuff through, you know,

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Speaker 2: a streaming platform that comes over the internet. To be

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Speaker 2: talking about pointing things at the sky seems pretty old school.

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Speaker 5: Well, you know, there's still you know, four hundred and

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Speaker 5: fifty thousand homes in New Zealand that use the satellite.

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Speaker 5: And yeah, we obviously have some customers who are on

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Speaker 5: streaming services and we love them too, but there are

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Speaker 5: a lot who still rely on their satellite.

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Speaker 2: Because I guess that's the other point, doesn't I mean,

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Speaker 2: there's some places where the internet's absolutely crap, so you'd

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Speaker 2: be better off on a satellite, wouldn't you. All Right, Chris, well,

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Speaker 2: it sounds like it's going to be a very busy

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Speaker 2: week for you guys come the fourteenth of April.

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Speaker 3: So good luck, Thank you very much.

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Speaker 2: It's Chris Major, Sky TV, Chief Corporate Affairs Officer. It

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Speaker 2: is twelve minutes after four nine nine two the number

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Speaker 2: to text if you're a Sky customer, have you had

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Speaker 2: any problems? I know you will text me anyway. I

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Speaker 2: don't have to ask you. I don't have to ask you.

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Speaker 2: Be interesting to talk to Judith Collins after five, really

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Speaker 2: wanting to know what the human error bit of the

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Speaker 2: Monomnui's thinking is. Also, does anyone find it funny? And

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Speaker 2: it's not funny because we're the ones that have to

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Speaker 2: pay the bill. But it's one hundred million dollar ship

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Speaker 2: and they're about to put out their defense. You plan

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Speaker 2: the budget for one of a better turn, and they're

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Speaker 2: about to put that out and ask for hundreds of

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Speaker 2: millions more at the same thing, and you're thinking, well,

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Speaker 2: what are you going to do with that? Put it

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Speaker 2: at the bottom of the ocean. You know. Timing's not

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Speaker 2: great for them, is it. Thirteen after four News, Oh,

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Speaker 2: here we go. Ryan. My dish is okay, but due

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Speaker 2: to being on the black box, I can't access on

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Speaker 2: demand anymore. And I used to use this a lot,

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Speaker 2: says Karen. Well, Karen, we'll have to put you in

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Speaker 2: touch with Chris. Thirteen after four.

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Speaker 1: It's the Heather dupis allan drive full show podcast on

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Speaker 1: iHeartRadio powered by NEWSTALKSBB News TALKSB.

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Speaker 2: It is sixteen after for Ryan the sky Lady, Chris

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Speaker 2: Major who's the head of corporate affairs at Sky. The

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Speaker 2: Sky lady said all customers will be notified. My brother's

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Speaker 2: the Sky customing has been for years. No fire, but

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Speaker 2: no email. He never received anything from Sky well with

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Speaker 2: no email maybe and the post the way it is,

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Speaker 2: maybe that's one of the problems. I don't know. Lots

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Speaker 2: of text coming in on Sky will get to them shortly,

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Speaker 2: just gone sixteen after four you're on news talks. He'd

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Speaker 2: be Jason Pines here, Hey, Jason Hollo right, good to

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Speaker 2: have you in studio.

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Speaker 7: Good to be here and to avoid any unwanted feedback

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Speaker 7: from the studio normally you're crystal clear today.

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Speaker 2: Great, so Liam Lawson's that In fact, he's practicing right now. Yep.

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Speaker 7: The Japanese Grand Prix practiced today, another practice tomorrow, then

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Speaker 7: qualifying tomorrow night in the race itself on Sunday. As

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Speaker 7: we know, he's in the racing bulls car. Now he's

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Speaker 7: come out of the red bull car after two Grand Prix.

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Speaker 7: Yuki Sonoda's gone in there. I should have checked Sonoda's

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Speaker 7: practice time actually before I came in. I'll do that.

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Speaker 7: You probably won't get the benefit of it, unfortunately. But

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Speaker 7: what we know is Liam Lawson thirteenth at the moment,

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Speaker 7: thirteenth fastest in practice, So they have three practice sessions

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Speaker 7: then qualifying. I feel as though the pressure is off

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Speaker 7: Lem a little bit. You know, he's gone out of

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Speaker 7: the harsh glare of the red Bull car with Max Forstappen.

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Speaker 7: He hasn't. It hasn't gone as way the first couple.

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Speaker 7: You know, whatever you think about him being dropped down,

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Speaker 7: it feels like the pressure will come off and now

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Speaker 7: he can just drive. It's not as fast a car,

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Speaker 7: but it's probably a car which is slightly less challenging

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Speaker 7: to drive on a track that he knows well. So

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Speaker 7: I'm expecting, well, I don't know what I'm expecting. We're

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Speaker 7: very curious to see how Liam Lawson goes.

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Speaker 2: There's lots of headlines today about Vashtappen and what he's

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Speaker 2: been saying about all of this. But actually when you

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Speaker 2: read the full stories, and you know, it's not often

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Speaker 2: you'll find me reading a full, if one story, but

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Speaker 2: lately I've had to do all of them. But there's

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Speaker 2: nothing really to it. I mean, he liked to post

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Speaker 2: which had a whole bunch of different stuff in it.

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Speaker 2: It's not just a comedy about Liam Lawson. He's asked

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Speaker 2: about it and he says, I think my like spoke

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Speaker 2: for itself. Well, you could have been speaking about.

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Speaker 7: Anything exactly right. And that's social media.

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Speaker 8: You know.

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Speaker 7: One click of a mouse that brings the thumbs up

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Speaker 7: alongside a post with multiple things in it. What does

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Speaker 7: it mean? You know? It probably just means that he

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Speaker 7: clicked on the clicked on the thumbs up and carried on.

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Speaker 2: So the big top of the Table battle tonight, the

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Speaker 2: Chiefs and the Reds. This is super rugby and it's

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Speaker 2: happening in Hamilton. It's going to be a great game.

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Speaker 2: Who's going to win?

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Speaker 7: Will you think the Chiefs? Right? You think the Chiefs?

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Speaker 7: And even for you to say a top of the

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Speaker 7: table clash seven rounds in involving the Reds, I don't

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Speaker 7: think anybody picked that. I think we've been underestimating the

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Speaker 7: Australian sides. As we sit at the moment going into

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Speaker 7: round seven, four or four are in the top six.

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Speaker 7: Four of the top six are Australian sides. And yet

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Speaker 7: we still, I think, think the New Zealand teams, whoever

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Speaker 7: they are, will be Australian teams. Whoever they are. I

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Speaker 7: think the Chiefs will win tonight. I'm not sure what

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Speaker 7: the Knight's like in Hamilton, same thing like Auckland.

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Speaker 2: At the moment.

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Speaker 7: It won't be that flash, but it would not be

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Speaker 7: beyond the RUMs of possibility that the Reds, you know,

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Speaker 7: turn them over. I think the Reds will be there

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Speaker 7: or thereabouts at the end of the season. I get

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Speaker 7: the feeling though the Chiefs will be okay tonight.

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Speaker 2: They've reduced the numbmber of teams over in Australia. So

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Speaker 2: has that do you think influenced the quality of the players.

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Speaker 2: Is that why we're seeing these teams so strong?

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Speaker 7: Bang on? Absolutely?

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Speaker 4: Yeah.

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Speaker 7: With five teams the talent was spread too thinly and diluted.

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Speaker 7: With four teams, all the best players are there. That's

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Speaker 7: exactly what's happened.

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Speaker 2: We was talking to ants earlier and we were I said,

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Speaker 2: when was the last time that the Nassie team won

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Speaker 2: the Super Rugby and he said it was twenty fourteen.

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Speaker 7: Yeah, it was well, well, well before COVID, well five

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Speaker 7: years before COVID. So I said, that's over ten years. Yeah,

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Speaker 7: it's a long time, and.

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Speaker 2: You just don't hear of it.

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Speaker 7: You let's hope it continues.

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Speaker 2: Well, that's fingers crossed. Jason, thank you, good to see

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Speaker 2: you ahead, not only to hear you this time properly,

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Speaker 2: but to see you too at Jason Pine Weekend Sports Hosts.

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Speaker 2: That's midday to three tomorrow and Sunday here on news talks.

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Speaker 2: He'd b we'll get to your text. Also, JP Morgan's

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Speaker 2: put out quite a freaky number on the possibility of

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Speaker 2: a recession, a global recession. I'll give you that next.

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Speaker 1: Moving the big stories of the day forward, it's Ryan Bridge,

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Speaker 1: John hither do for see Allen drive with one.

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Speaker 3: New Zealand let's get connected news talks.

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Speaker 2: That'd be twenty three after four Friday afternoon, gid A. Ryan.

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Speaker 2: Can you ask Juth Collins if DEI that's diversity, equity

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Speaker 2: and inclusion played any part in the sinking of the ship, please,

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Speaker 2: I actually will ask that question. And the reason is

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Speaker 2: they have said in this report that it was not

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Speaker 2: just in competence, human arr etcetera, but a lack of

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Speaker 2: training and a lack of experience. So you do ask

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Speaker 2: the question, don't forget. Judith Collins has spoken out about

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Speaker 2: so called woke policies and DEI policies, So it is

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Speaker 2: legitimate I think to ask the question was the captain

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Speaker 2: experienced and if not, was the captain there without the

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Speaker 2: right experience because of a DEI policy? So yes, I

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Speaker 2: will an answer to your question. Asked that question of

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Speaker 2: the minister. That's after five. Here's the President of the

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Speaker 2: Court of Inquirity Inquiry, Commodore Melissa Ross.

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Speaker 9: The Court found that the supervisor did not have adequate

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Speaker 9: super situational awareness and understanding how the ship operated to

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Speaker 9: effectively supervise the bridge crew.

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Speaker 8: Nine.

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Speaker 9: Distraction, the person with charge of the ship at the

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Speaker 9: time of the incident was found to have been distracted

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Speaker 9: and their focus, which the Court found contributed to a

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Speaker 9: loss of situational awareness awareness.

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Speaker 2: Yeah, the distracted thing is not a great one, is it.

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Speaker 2: Apparently they were asked a question by somebody else, and

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Speaker 2: I just want to know that was the question related

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Speaker 2: to the fact they were about to hit a reef

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Speaker 2: or was it like how's you? What are you doing

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Speaker 2: this weekend? Another question for Judith Collins. Here's the Chief

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Speaker 2: of Navy Rear, Admiral Garren Golding, acknowledging it's a pretty

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Speaker 2: bad look.

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Speaker 10: As part of it. Outside it's a bad day for

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Speaker 10: the navy. We've our reputation has taken a hit and

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Speaker 10: we just as part of their owning it and we

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Speaker 10: need to learn from it and get upter it.

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Speaker 2: Full twenty four we've also got the full transcript of

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Speaker 2: what they said on the night. We'll give you that

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Speaker 2: later on as well news talks. He'd be bread the

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Speaker 2: numbers from the pole today, So if you're just catching up,

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Speaker 2: there was a poll today. It's the Taxpayer's Union Curier Pole.

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Speaker 2: Because we've had a couple now that say Labors ahead. Well,

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Speaker 2: this one's got National back, well I should say the

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Speaker 2: Coalition back and the driver's seat and the Treasury benches.

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Speaker 2: So the dates for this pole, which are the interesting part.

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Speaker 2: The dates are from Saturday to Tuesday. So it's post

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Speaker 2: Tamatha Paul, but pre Benjamin Doyle, well just I think

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Speaker 2: might be Doyle cusp. It's got National Act in New

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Speaker 2: Zealand first able to govern. So National thirty three point

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Speaker 2: five are basically no change Labour twenty nine point eight

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Speaker 2: down four point three. So did the whole Tamotha Paul

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Speaker 2: Greens are wacky start to erode Labour support or what

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Speaker 2: the Greens are up one on eleven no surprise, they're

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Speaker 2: Act ten up two point three. New Zealand first seven

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Speaker 2: point four, they're up two point three and Tapati Maldi

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Speaker 2: is down two point two on four point three, able

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Speaker 2: to govern alone. And here's your numbers for pre therd PM,

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Speaker 2: the interesting ones, not either of the chrises. So Luxon

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Speaker 2: is up from last month twenty one point nine percent.

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Speaker 2: That's up one point six. Hipkins is down one point

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Speaker 2: eight to eighteen point nine. But Winston Peters is on

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Speaker 2: twelve point eight percent. That's up four point two points

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Speaker 2: and the first time that he has ever polled more

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Speaker 2: than ten percent as the preferred prime minister in our poll,

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Speaker 2: and he's walloped past it to twelve point eight almost

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Speaker 2: thirteen percent. So clearly Winston's doing something right. He's calling

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Speaker 2: out the BS at home, he's working hard abroad and

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Speaker 2: apparently it's a winning combo. So there you go. Winston'll

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Speaker 2: be happy with those numbers. Twenty six after four now

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Speaker 2: a the JP Morgan number I told you about. So

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Speaker 2: they've come out and said, after Donald Trump has all

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Speaker 2: said and done fired his first shot on the tariffs,

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Speaker 2: they've come out and said we're at the chance of

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Speaker 2: a global recession is now up from we estimated to

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Speaker 2: sixty percent. And that's after the first round of Donald

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Speaker 2: Trump's tariffs. Let's not forget there'll be retaliation from around

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Speaker 2: the world and then potential retaliation to the retaliation. Good

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Speaker 2: luck everybody. Twenty seven after.

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Speaker 1: Four recamping the day's big news and making tomorrow's headlines.

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Speaker 1: It's Ryan Bridge on Heather du for see Ellen Drive

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Speaker 1: with One New Zealand. Let's get connected News Talk sai'd be.

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Speaker 2: Donald Good afternoon twenty five away from five News Talks,

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Speaker 2: said be James Meagher on the show after five o'clock.

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Speaker 2: He chairs the Justice Select Committee. They have said no

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Speaker 2: big thumbs down to the Treaty Principals Bill, Thank you,

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Speaker 2: thank you very much. No surprise there really after you

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Speaker 2: know the fact that none of the part well apart

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Speaker 2: from Act we're going to support the thing anyway, So

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Speaker 2: you know, we'll talk to him about that. What actually

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Speaker 2: happens now. So the Select Committee's had their say, the

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Speaker 2: people have had their say, When do they actually vote

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Speaker 2: it down? When is this thing out of Parliament done

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Speaker 2: and in the rubbish bin with collecting dust. We'll ask

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Speaker 2: him after five.

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Speaker 1: It's the world wires on news dogs'd be drive.

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Speaker 2: The viewers markets worst day since COVID Canada is going

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Speaker 2: to hit back on their auto tariffs. Here's Mark Carney.

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Speaker 11: Thirty year period when the United States embraced the mannal

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Speaker 11: of global economic leadership, when it foraged alliances rooted in

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Speaker 11: trust and mutual respect, and championed the free and open

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Speaker 11: exchange of goods and services is over.

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Speaker 2: Yunsik Yul this is the Korean president. He's been removed

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Speaker 2: from office. His party has accepted the decision. It was

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Speaker 2: the Constitutional court that did it. Remember he's the guy

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Speaker 2: that did the martial law, sent the troops into parliament.

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Speaker 2: This expert reckons it will still it will be a

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Speaker 2: polarizing decision for.

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Speaker 8: A bitterly divided in clashing waves of angst and joy,

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Speaker 8: delight and despair, and that will continue, I fear for

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Speaker 8: the next weeks, if not months.

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Speaker 2: Finally, this afternoon, how is it Australians are so laid back?

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Speaker 3: It's simple, They're all wearing comfy undies.

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Speaker 2: So Robert Irwin, this is the son of the late

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Speaker 2: crocodile hunter, now officially a model for Bond's underwear. Twenty

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Speaker 2: one year old's done a photo shoot and there are

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Speaker 2: a lot of young women in the office standing around

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Speaker 2: computers googling. Twenty one year old's done a photo shoot

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Speaker 2: in a TV ad in just as Undies, posing with

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Speaker 2: some Native Australian reptiles, So you go. Apparently he's also

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Speaker 2: told People magazine that he's.

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Speaker 1: Singling international correspondence on news talks.

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Speaker 2: It'd be they medicine's a US correspondent with US A

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Speaker 2: stuff and Dan Good evening afternoon, Rabey good afternoon. R

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Speaker 2: tell me what it's basically down across the board, isn't that,

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Speaker 2: Mike at wise the reaction to these tariffs?

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Speaker 3: Yeah?

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Speaker 12: Yeah, In fact, you know what do you have your

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Speaker 12: do you have your uh, your mobile phone right next

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Speaker 12: to you, I'm assuming in the studio. I want you

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Speaker 12: to put this in your calendar for the final week

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Speaker 12: of this year. I think the Oxford University Press word

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Speaker 12: of the Year will be tariffs. If it's not number one,

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Speaker 12: it's definitely got to be number two, because I think

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Speaker 12: that's all we're going to be talking about for the

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Speaker 12: foreseeable future. Right now, looking at the market here, dows

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Speaker 12: off about two hundred points and the Nasdaq future is

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Speaker 12: down about half a percent, but I got to tell

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Speaker 12: you it was rough today. Across the board, we saw

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Speaker 12: the biggest drop that we've had since about two thousand,

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Speaker 12: at the start of the pandemic. Economists are saying these

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Speaker 12: tariffs could lead to a global recession, and I thought

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Speaker 12: this was kind of interesting. After the market closed, the

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Speaker 12: White House posted a tweet showing the President walking and

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Speaker 12: his hair and his suit jacket and we're all blown back.

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Speaker 12: I mean, it was a very like model looking picture

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Speaker 12: in the wind, and they had a message to sit

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Speaker 12: almost Friday, and after everything that happened, I thought that

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Speaker 12: was a really weird message for the White House to

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Speaker 12: kind of send out.

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Speaker 2: Have we had any polling on this yet.

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Speaker 12: Not yet, per se, although there was a poll that

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Speaker 12: did come out about the overall economy and the fear

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Speaker 12: of not just day to day spending but medical costs,

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Speaker 12: and about sixty percent of American sixty four percent are

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Speaker 12: concerned about this right now. And I think you've got

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Speaker 12: a lot of mixed messages in the White House after today.

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Speaker 12: You've got some White House aids that are insisting that

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Speaker 12: the tariffs were not negotiable. Then you've got the President

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Speaker 12: coming out and saying, you know what, I might be

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Speaker 12: open to negotiating with other countries about the duties on this.

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Speaker 12: And I think people are concerned because you don't want

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Speaker 12: to look at your retirement fun on a daylight today.

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Speaker 12: And you've got the President saying, you know what, I'm

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Speaker 12: playing the long game here. It's going to hurt for

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Speaker 12: the foreseeable future, but he said down the road, this

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Speaker 12: is going to make the country stronger because more people

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Speaker 12: are going to buy us products TikTok.

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Speaker 2: We've been here before where the thing was going to be,

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Speaker 2: you know, banned and would go dark over. It's pounding

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Speaker 2: going to happen again the weekend. Donald Trump, give it

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Speaker 2: a guided basically a stay of execution last time. Are

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Speaker 2: we going to get another one of those? Or is

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Speaker 2: there a deal to be done here? I don't know.

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Speaker 12: I mean, we've got so many people now, everybody's thrown

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Speaker 12: in their hats now. Just a couple of days ago,

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Speaker 12: you've got Amazon, You've got the founder of Only Fans,

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Speaker 12: You've got this market platform, app Love, and that just

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Speaker 12: announced a short time ago that it was submitting a

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Speaker 12: bid for for TikTok. And you know, basically the President

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Speaker 12: has said, I want to find a non Chinese buyer

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Speaker 12: for this app. It's used by one hundred and seventy

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Speaker 12: million Americans. Of course, there's you know, concern about the

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Speaker 12: security issues on this, and he says, you know what,

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Speaker 12: maybe I'd consider a deal for this where China agrees

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Speaker 12: to approve the sale of this by ByteDance in exchange

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Speaker 12: for some relief from tariff. So once again we're kind

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Speaker 12: of circling back to that that that big topic here

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Speaker 12: that I think is going to involve more than just

434
00:20:53,880 --> 00:20:55,200
Speaker 12: you know, the economy here.

435
00:20:55,760 --> 00:20:58,840
Speaker 2: Of course, all of us has very real world consequences

436
00:20:59,560 --> 00:21:01,840
Speaker 2: and paper there's a lot of people who are already

437
00:21:02,000 --> 00:21:04,200
Speaker 2: doing it tough because the cost of living thing, well,

438
00:21:04,280 --> 00:21:06,480
Speaker 2: it's gone away for some people have had a pay increase,

439
00:21:06,520 --> 00:21:08,440
Speaker 2: thank you very much. For others it's still a problem.

440
00:21:09,520 --> 00:21:13,760
Speaker 2: Easter eggs are so expensive. Some people are dying potatoes

441
00:21:13,960 --> 00:21:15,720
Speaker 2: to have facet Is this right?

442
00:21:16,680 --> 00:21:17,120
Speaker 3: They are?

443
00:21:17,280 --> 00:21:20,000
Speaker 12: I thought at first this was maybe an April fool's

444
00:21:20,080 --> 00:21:23,120
Speaker 12: joke that had been let you know, let to wonder

445
00:21:23,119 --> 00:21:24,720
Speaker 12: for a couple of days or two, But no, they're not.

446
00:21:24,800 --> 00:21:27,280
Speaker 12: I mean, eggs here are going for nine dollars ten

447
00:21:27,320 --> 00:21:30,080
Speaker 12: eleven twelve dollars a dozen. They are in short supply

448
00:21:30,160 --> 00:21:32,440
Speaker 12: because of bird flu. California is a major producer of

449
00:21:33,000 --> 00:21:36,479
Speaker 12: bird eggs or of these eggs as well, and PEDA

450
00:21:36,640 --> 00:21:38,720
Speaker 12: among a number of other groups, not just PETA, but

451
00:21:38,760 --> 00:21:40,639
Speaker 12: they're one of a group that have sent a request

452
00:21:40,720 --> 00:21:43,960
Speaker 12: to the White Housing please use potatoes instead of eggs

453
00:21:44,200 --> 00:21:46,639
Speaker 12: during the annual Easter egg role event. Now, as you

454
00:21:46,720 --> 00:21:49,359
Speaker 12: might imagine, the Trump administration said, yeah, that's not going

455
00:21:49,440 --> 00:21:51,960
Speaker 12: to happen. But there are a lot of people that

456
00:21:52,000 --> 00:21:53,280
Speaker 12: are saying, you know what, We're going to have to

457
00:21:53,280 --> 00:21:56,320
Speaker 12: find creative ways. I can't see anybody in my neighborhood

458
00:21:56,320 --> 00:21:58,880
Speaker 12: we have a lot of kids doing this. Plastic eggs though,

459
00:21:58,920 --> 00:22:00,800
Speaker 12: I can imagine those are going to be more popular

460
00:22:00,800 --> 00:22:03,640
Speaker 12: and maybe maybe people using fewer real eggs in their

461
00:22:03,640 --> 00:22:04,360
Speaker 12: Easter egg hunt.

462
00:22:04,400 --> 00:22:05,760
Speaker 3: But I don't think we're white.

463
00:22:06,359 --> 00:22:10,120
Speaker 2: I see. I thought that the story was about actually

464
00:22:10,359 --> 00:22:13,439
Speaker 2: chocolate Easter eggs that were too expensive for people. I

465
00:22:13,480 --> 00:22:15,440
Speaker 2: was trying to figure that out. So it's the ones

466
00:22:15,480 --> 00:22:18,720
Speaker 2: that and then you play hide and seek with basically

467
00:22:18,800 --> 00:22:22,639
Speaker 2: a foond eg Yeah yeah, yeah.

468
00:22:22,520 --> 00:22:24,119
Speaker 12: You just you die them. You put them in the grass.

469
00:22:24,200 --> 00:22:26,560
Speaker 12: Kids go out and they hunt for them. That being said,

470
00:22:26,640 --> 00:22:29,040
Speaker 12: you're not wrong about chocolate because the price of chocolate

471
00:22:29,119 --> 00:22:31,400
Speaker 12: has gone up thirty percent too, so buying those Easter

472
00:22:31,520 --> 00:22:34,000
Speaker 12: those chocolate Easter eggs or bunnies are also going to

473
00:22:34,000 --> 00:22:35,160
Speaker 12: be a lot more expensive this year.

474
00:22:35,640 --> 00:22:36,920
Speaker 2: But who wants to find an egg?

475
00:22:37,119 --> 00:22:37,199
Speaker 13: Like?

476
00:22:37,640 --> 00:22:39,840
Speaker 2: You know, a hard boiled egg or just a roar

477
00:22:39,960 --> 00:22:42,720
Speaker 2: eg even rules you want to find a chocolate egg,

478
00:22:42,800 --> 00:22:43,159
Speaker 2: don't you?

479
00:22:43,480 --> 00:22:46,000
Speaker 12: I understand you do, but you know you know now

480
00:22:46,000 --> 00:22:47,320
Speaker 12: that you put it like that, I don't know. That's

481
00:22:47,359 --> 00:22:49,640
Speaker 12: all we've ever done. Growing on people used to put

482
00:22:49,680 --> 00:22:51,000
Speaker 12: real eggs all over the ground.

483
00:22:51,000 --> 00:22:53,680
Speaker 2: I've been ripped off since childhood, don't we have? Hey?

484
00:22:53,680 --> 00:22:56,159
Speaker 2: Thank you, Dan Minch and how US correspondent just going

485
00:22:56,200 --> 00:23:00,240
Speaker 2: eighteen minutes away from five News? Am I wrong? I

486
00:23:00,280 --> 00:23:02,600
Speaker 2: would never as a child, we would never have done

487
00:23:02,640 --> 00:23:04,960
Speaker 2: anything but look for chocolate in the garden. I wouldn't

488
00:23:05,000 --> 00:23:06,200
Speaker 2: be out there looking for a raw egg.

489
00:23:07,400 --> 00:23:09,280
Speaker 14: This is a culture shot one, I think right, because

490
00:23:09,280 --> 00:23:11,120
Speaker 14: you and me grew up in New Zealand, Dan grew

491
00:23:11,200 --> 00:23:14,080
Speaker 14: up in America, and producer Laura has said she's used

492
00:23:14,080 --> 00:23:16,119
Speaker 14: to the regular eggs and she grew up in Frankfurt.

493
00:23:16,240 --> 00:23:17,479
Speaker 7: So this must be a culture.

494
00:23:17,600 --> 00:23:20,200
Speaker 2: Yeah, so maybe are we the only country? We can't

495
00:23:20,200 --> 00:23:21,880
Speaker 2: be the only country that does chocolate.

496
00:23:22,080 --> 00:23:24,160
Speaker 14: There is no way that he's a hiding regular chicken eggs.

497
00:23:24,160 --> 00:23:27,200
Speaker 2: No, absolutely not. It's neither the Brits would neither would

498
00:23:28,359 --> 00:23:30,400
Speaker 2: eighteen away from five News talks, there'd b We'll get

499
00:23:30,400 --> 00:23:31,200
Speaker 2: to bury next.

500
00:23:31,359 --> 00:23:35,120
Speaker 1: Politics with centrics credit, check your customers and get payment certainty.

501
00:23:35,320 --> 00:23:37,439
Speaker 2: Lots of very interesting texts on the eggs. We'll get

502
00:23:37,440 --> 00:23:39,480
Speaker 2: to those in the second Barry soapers here, Hey, Barry,

503
00:23:39,480 --> 00:23:42,200
Speaker 2: good afternoon. Right, Hey, the monument nuie the sinking. We've

504
00:23:42,240 --> 00:23:45,480
Speaker 2: had the report from the Court of Inquiry and it's

505
00:23:45,520 --> 00:23:48,879
Speaker 2: basically it's human error. It's an experience. It's all the

506
00:23:48,960 --> 00:23:50,040
Speaker 2: worst things do.

507
00:23:50,080 --> 00:23:52,240
Speaker 15: We have a psyche problem with New Zealand when it

508
00:23:52,240 --> 00:23:55,200
Speaker 15: comes to auto pilots. I mean remember the utriland of

509
00:23:55,280 --> 00:23:59,439
Speaker 15: Faery that I ran aground last year because apparently it

510
00:23:59,520 --> 00:24:02,320
Speaker 15: was on order pilot. This one, though, must have been

511
00:24:02,640 --> 00:24:05,399
Speaker 15: terrible to be on board when you think about it,

512
00:24:05,440 --> 00:24:09,920
Speaker 15: because it scraped across the bottom of the reef on

513
00:24:10,000 --> 00:24:14,040
Speaker 15: several occasions. They couldn't see the internal damage at the time,

514
00:24:15,119 --> 00:24:18,159
Speaker 15: and there was so much damage to the whole that

515
00:24:18,240 --> 00:24:22,480
Speaker 15: it sank, not surprisingly, but the inquiry says that the

516
00:24:22,520 --> 00:24:26,600
Speaker 15: crew and the commanding officer of the Munaway were undertrained

517
00:24:26,640 --> 00:24:28,720
Speaker 15: and the boat was not up to the task it

518
00:24:28,840 --> 00:24:31,560
Speaker 15: was doing. Now, the task was doing was a survey

519
00:24:31,640 --> 00:24:34,800
Speaker 15: type task and it was called on by Chogham. You

520
00:24:34,840 --> 00:24:37,280
Speaker 15: remember it was happening at the time to do that.

521
00:24:38,320 --> 00:24:41,360
Speaker 15: And I found it interesting that the chief of the Navy,

522
00:24:42,000 --> 00:24:45,679
Speaker 15: Navy Rear Admiral Garren Golding, he said there were a

523
00:24:45,800 --> 00:24:49,720
Speaker 15: range of issues, including the lack of commonality he used

524
00:24:50,000 --> 00:24:54,680
Speaker 15: across the fleet. Now it means that if people need

525
00:24:54,720 --> 00:24:59,920
Speaker 15: to constantly adapt to new procedures each time they changed ships.

526
00:25:00,200 --> 00:25:01,920
Speaker 15: And there are a number of ships I think about

527
00:25:01,920 --> 00:25:04,720
Speaker 15: eight in the New Zealand Navy. So if you're on

528
00:25:04,720 --> 00:25:07,480
Speaker 15: one ship and suddenly you transferred to another ship, you

529
00:25:07,560 --> 00:25:10,040
Speaker 15: basically don't know what you're doing, which is a bit

530
00:25:10,160 --> 00:25:13,479
Speaker 15: doesn't stand It certainly doesn't stand up to a lot

531
00:25:13,520 --> 00:25:17,520
Speaker 15: of scrutinies. It hasn't done with this inquiry, But standing

532
00:25:17,560 --> 00:25:20,520
Speaker 15: alongside his political boss due to the Collins, the rare

533
00:25:20,640 --> 00:25:24,320
Speaker 15: Admiral made something of an understatement say it wasn't a

534
00:25:24,320 --> 00:25:25,560
Speaker 15: good day for the Navy.

535
00:25:25,800 --> 00:25:28,159
Speaker 10: I think you need to understand that when we are

536
00:25:28,200 --> 00:25:31,960
Speaker 10: conducting our operations, we're conducting them globally, we conduct them

537
00:25:32,160 --> 00:25:37,120
Speaker 10: in very difficult and challenging environments, and the responsibilities put

538
00:25:37,160 --> 00:25:40,160
Speaker 10: on our people if they make mistakes, they have consequences

539
00:25:40,880 --> 00:25:42,520
Speaker 10: and significant consequences.

540
00:25:42,920 --> 00:25:43,440
Speaker 3: So it's the.

541
00:25:43,400 --> 00:25:45,600
Speaker 10: Complexity of what we asked to do and the environment

542
00:25:45,720 --> 00:25:49,080
Speaker 10: is not normal. But yes, as part of it, outsaid

543
00:25:49,119 --> 00:25:51,760
Speaker 10: it's a bad day for the Navy. We've our reputation

544
00:25:51,840 --> 00:25:53,840
Speaker 10: has taken a hit, and we just as part of

545
00:25:53,840 --> 00:25:56,480
Speaker 10: that owning it and we need to learn from it

546
00:25:56,640 --> 00:25:57,439
Speaker 10: and get up through it.

547
00:25:57,520 --> 00:26:00,159
Speaker 16: I think the Navy, the Air Force, the Army, the

548
00:26:00,160 --> 00:26:03,119
Speaker 16: Defense Force know that I'm watching them all the time

549
00:26:03,840 --> 00:26:07,080
Speaker 16: in a really positive way. Is the Antie and thenster

550
00:26:07,880 --> 00:26:10,960
Speaker 16: So look, I've got great confidence in them. I have

551
00:26:11,000 --> 00:26:14,840
Speaker 16: no problem dealing with difficult situations. It's how you then

552
00:26:15,400 --> 00:26:18,360
Speaker 16: learn from that, fix it, own it, to just get

553
00:26:18,440 --> 00:26:21,720
Speaker 16: on and sort it. We need a big uplift in

554
00:26:21,880 --> 00:26:25,159
Speaker 16: our Defense Force funding and I can tell you that

555
00:26:25,280 --> 00:26:26,439
Speaker 16: help us on its way.

556
00:26:26,640 --> 00:26:29,080
Speaker 15: Yeah, well that'll come in the budget. It'll be over

557
00:26:29,080 --> 00:26:32,160
Speaker 15: a number of years, and the timing is I think

558
00:26:32,200 --> 00:26:34,720
Speaker 15: you said earlier, Ryan, is a bit of a problem

559
00:26:34,800 --> 00:26:37,320
Speaker 15: for the nine million dollars.

560
00:26:36,920 --> 00:26:37,560
Speaker 2: How many more?

561
00:26:37,640 --> 00:26:37,880
Speaker 17: Thinking?

562
00:26:38,280 --> 00:26:39,560
Speaker 2: How much more do you want to think to the

563
00:26:39,560 --> 00:26:41,960
Speaker 2: bottom of the ocean. That's the question, that's the problem,

564
00:26:42,040 --> 00:26:44,679
Speaker 2: the thought barrier of youth. Colin standing over your shoulder

565
00:26:44,760 --> 00:26:47,840
Speaker 2: with one raised eyebrow looking at you would that's enough

566
00:26:48,200 --> 00:26:52,119
Speaker 2: to make you want to crash a ship right now?

567
00:26:52,720 --> 00:26:56,920
Speaker 2: Exactly all right? The pole, Yeah, the b's gone.

568
00:26:57,400 --> 00:27:00,440
Speaker 15: I mean you've given the figures out and it looks

569
00:27:01,720 --> 00:27:03,600
Speaker 15: it's been a bounce back. You'd have to say at

570
00:27:03,600 --> 00:27:05,560
Speaker 15: the center right over the last two poles, you had

571
00:27:05,560 --> 00:27:09,080
Speaker 15: the Red Research Pole on Radio New Zealand spending part

572
00:27:09,119 --> 00:27:12,040
Speaker 15: of their twenty five million dollar partying gift from the

573
00:27:12,119 --> 00:27:15,000
Speaker 15: Labor Party that their budget was boosted by so they

574
00:27:15,080 --> 00:27:17,359
Speaker 15: now can afford to do Poles had to get that

575
00:27:17,440 --> 00:27:23,479
Speaker 15: in run. But like Auntie Judith, but then you know

576
00:27:24,119 --> 00:27:29,080
Speaker 15: it's the Curier Taxpayers Union Pole today. It really confirmed

577
00:27:29,160 --> 00:27:32,760
Speaker 15: what the Red Research Pole told us. But I find

578
00:27:32,800 --> 00:27:35,399
Speaker 15: it amazing, as you said, would have been at the

579
00:27:35,640 --> 00:27:40,680
Speaker 15: really taily end all the beginning of sorry, the Benjamin

580
00:27:40,760 --> 00:27:43,960
Speaker 15: Doyle stuff, and I think people would have found that

581
00:27:44,000 --> 00:27:48,439
Speaker 15: pretty abhorrent, bad enough the Tamotha Poul stuff. And I

582
00:27:48,520 --> 00:27:51,800
Speaker 15: find it absolutely incredible that the Greens actually rose a

583
00:27:51,840 --> 00:27:56,320
Speaker 15: percentage point to eleven acts up two point three percent,

584
00:27:56,720 --> 00:28:00,000
Speaker 15: but still, you know, not that high on ten percent.

585
00:28:00,720 --> 00:28:03,400
Speaker 15: Old Winston's obviously been doing well and as you said,

586
00:28:03,400 --> 00:28:06,480
Speaker 15: in the preferred prime minister stakes are two point three percent.

587
00:28:06,520 --> 00:28:08,800
Speaker 15: New zeven first is up by seven and a half.

588
00:28:08,960 --> 00:28:13,000
Speaker 15: Rightly to Party Maldy, they are down by two point

589
00:28:13,040 --> 00:28:15,760
Speaker 15: two percent to four point three. They deserve to be

590
00:28:15,800 --> 00:28:18,600
Speaker 15: lower than that given their performance in the House this week.

591
00:28:18,680 --> 00:28:22,120
Speaker 2: Now the Treaty Principal's Bill, the Select committees had their say,

592
00:28:22,240 --> 00:28:24,040
Speaker 2: how long do you reckon? We've got James Mega on

593
00:28:24,080 --> 00:28:25,480
Speaker 2: after five, but how long do you reckon before they

594
00:28:25,480 --> 00:28:27,359
Speaker 2: actually just get the rid of this thing from Parliament?

595
00:28:27,520 --> 00:28:27,680
Speaker 12: Oh?

596
00:28:27,840 --> 00:28:31,120
Speaker 15: Next week, yeah, it'll it'll be I would imagine done

597
00:28:31,200 --> 00:28:34,240
Speaker 15: next week. Interesting to see what the Maori Party does

598
00:28:34,560 --> 00:28:38,080
Speaker 15: when the final vote is Let's hope they wait until

599
00:28:38,080 --> 00:28:42,320
Speaker 15: it's counted this time. But look the interesting point that

600
00:28:42,640 --> 00:28:45,160
Speaker 15: David Seymour, are you interviewing them? I think, aren't you?

601
00:28:45,200 --> 00:28:46,520
Speaker 2: No, We're doing James, Meghan.

602
00:28:46,560 --> 00:28:49,840
Speaker 15: James and Mega. Okay, the interesting point that James, that

603
00:28:50,320 --> 00:28:53,240
Speaker 15: David Seymour made, and it's the one that I've been making,

604
00:28:53,360 --> 00:28:55,600
Speaker 15: is you look at the long term and you look

605
00:28:55,640 --> 00:29:01,760
Speaker 15: at the end of life choice bill that he promoted.

606
00:29:04,000 --> 00:29:06,720
Speaker 15: A large number of opponents came out to that piece

607
00:29:06,760 --> 00:29:11,560
Speaker 15: of legislation and when it went to referendum, it passed

608
00:29:11,560 --> 00:29:16,400
Speaker 15: by sixty five four and most of them were opposed.

609
00:29:16,480 --> 00:29:19,600
Speaker 15: I think it was about ninety percent were opposed to

610
00:29:19,640 --> 00:29:23,520
Speaker 15: that law. And that's that's what he hopes clearly will

611
00:29:23,520 --> 00:29:24,360
Speaker 15: happen with the sea.

612
00:29:24,440 --> 00:29:26,360
Speaker 2: In the long game. He lost the battle, but maybe

613
00:29:26,400 --> 00:29:28,920
Speaker 2: winning the war, yep, and the long run. Barry, thank

614
00:29:28,960 --> 00:29:29,360
Speaker 2: you for that.

615
00:29:29,720 --> 00:29:31,760
Speaker 15: Nice to talk to you, right, you as always well,

616
00:29:31,800 --> 00:29:32,440
Speaker 15: Michael Berry.

617
00:29:35,480 --> 00:29:38,560
Speaker 2: I don't think I'll ever call you uncle Barry. Thank you, Okay,

618
00:29:38,640 --> 00:29:42,080
Speaker 2: that's weird. Nine to five he talks evy.

619
00:29:42,720 --> 00:29:46,080
Speaker 1: Putting the tough questions to the newspeakers the mic, asking

620
00:29:46,160 --> 00:29:46,840
Speaker 1: breakfast the.

621
00:29:46,920 --> 00:29:49,400
Speaker 18: New world of terrifs, what happens next? Does it reshape

622
00:29:49,400 --> 00:29:52,560
Speaker 18: global trade? Former US Department of Treasury economist Brad Setster

623
00:29:52,960 --> 00:29:53,520
Speaker 18: is with us.

624
00:29:53,640 --> 00:29:58,520
Speaker 13: It's a shockingly radical cheftin policy. He increased tarot sign

625
00:29:58,560 --> 00:30:01,280
Speaker 13: a hosted trading Partners by more than next back.

626
00:30:01,080 --> 00:30:03,360
Speaker 18: There, do you expect what happens to be followed by

627
00:30:03,360 --> 00:30:05,080
Speaker 18: a lot of phone calls? And what we're seeing is

628
00:30:05,120 --> 00:30:06,479
Speaker 18: not what we'll see in a couple of months there.

629
00:30:06,480 --> 00:30:09,000
Speaker 1: It's still us that of tariffs that are in the

630
00:30:09,080 --> 00:30:11,120
Speaker 1: works that haven't yet been imposed.

631
00:30:11,160 --> 00:30:13,360
Speaker 3: So on one hand, we know there are more tariffs.

632
00:30:13,520 --> 00:30:17,360
Speaker 7: On the other hand, the clearer signal is that you're negotiating.

633
00:30:16,720 --> 00:30:18,520
Speaker 3: The tariff down. You're not going to get the tariff.

634
00:30:18,560 --> 00:30:21,480
Speaker 18: He can offe back Monday from six am the mic

635
00:30:21,560 --> 00:30:23,920
Speaker 18: asking Breakfast with the Rain driver of the last News

636
00:30:23,920 --> 00:30:24,760
Speaker 18: Talk ZIB.

637
00:30:26,200 --> 00:30:28,240
Speaker 2: Six to five on News Talk ZIB. A number that

638
00:30:28,320 --> 00:30:30,680
Speaker 2: jumped out at me today is forty four. So they

639
00:30:30,800 --> 00:30:33,360
Speaker 2: released some numbers on job seeker benefits. And remember the

640
00:30:33,400 --> 00:30:37,680
Speaker 2: job seeker benefit is your work ready. You're not unwell,

641
00:30:37,880 --> 00:30:40,800
Speaker 2: there's no mental health problems, there's no reason you can't

642
00:30:40,840 --> 00:30:43,040
Speaker 2: be working if you're on the job seeker benefit and

643
00:30:43,080 --> 00:30:46,200
Speaker 2: you're meant to be seeking a job. Someone has been

644
00:30:46,240 --> 00:30:49,960
Speaker 2: on the job seeker benefit for forty four years, they've

645
00:30:50,000 --> 00:30:53,440
Speaker 2: been paid. How can you how is that possible? Are

646
00:30:53,480 --> 00:30:57,400
Speaker 2: you seriously seeking a job on the job seeker benefit

647
00:30:57,440 --> 00:30:59,400
Speaker 2: if you've been on it for forty four you'll be

648
00:30:59,440 --> 00:31:01,640
Speaker 2: nearly getting the tension. You can just jump from one

649
00:31:01,680 --> 00:31:05,160
Speaker 2: to the other. How is this possible? And it's not

650
00:31:05,200 --> 00:31:07,760
Speaker 2: like this is one government or another government. This is

651
00:31:08,040 --> 00:31:12,280
Speaker 2: multiple governments. This is generations of governments who've been paying

652
00:31:12,360 --> 00:31:13,920
Speaker 2: this person. We don't know who it is. We won't

653
00:31:13,920 --> 00:31:16,720
Speaker 2: know who it is anyway. Are you going to the

654
00:31:16,720 --> 00:31:19,080
Speaker 2: interviews by how seriously do you have to try it?

655
00:31:19,520 --> 00:31:22,800
Speaker 2: And will will this? Will Louise ups to be the

656
00:31:22,800 --> 00:31:24,920
Speaker 2: one to get them off, you know, because she says

657
00:31:24,920 --> 00:31:26,800
Speaker 2: she's going to be cracking down and be hard. Could

658
00:31:26,800 --> 00:31:29,520
Speaker 2: you be harder than Paula Bennett was, you know, harder

659
00:31:29,560 --> 00:31:35,160
Speaker 2: than Ruth Richardson was? How far back are we going here? Anyway?

660
00:31:35,160 --> 00:31:37,320
Speaker 2: Five minutes away from five News talk, said be Ryan

661
00:31:38,600 --> 00:31:40,960
Speaker 2: Chloe Sawber could be happy this afternoon because the five

662
00:31:41,040 --> 00:31:43,760
Speaker 2: hundred richest people, we know they don't like rich people.

663
00:31:44,160 --> 00:31:46,080
Speaker 2: Five hundred richest people in the world have lost are

664
00:31:46,080 --> 00:31:51,040
Speaker 2: combined two hundred billion dollars today in the last twenty

665
00:31:51,040 --> 00:31:53,760
Speaker 2: four hours, this after the tariff thing. The markets have plunged,

666
00:31:54,160 --> 00:31:56,520
Speaker 2: so the world's five hundred, five hundred richest people saw

667
00:31:56,520 --> 00:31:59,240
Speaker 2: their combined wealth plunged two hundred billion dollars Thursday. Is

668
00:31:59,240 --> 00:32:01,720
Speaker 2: broad tariss now it's by Trump sent global markets into

669
00:32:01,760 --> 00:32:04,720
Speaker 2: a tailspin. This is according to Bloomberg. It said the

670
00:32:04,840 --> 00:32:08,080
Speaker 2: drop is the fourth largest one day decline in the

671
00:32:08,080 --> 00:32:12,800
Speaker 2: Bloomberg Billionaires Index thirteen year history, and the largest since

672
00:32:12,840 --> 00:32:15,360
Speaker 2: the height of the COVID nineteen pandemic. So that you go,

673
00:32:15,400 --> 00:32:16,880
Speaker 2: if you're a billionaire, it's not a great day to

674
00:32:16,880 --> 00:32:19,840
Speaker 2: be you. Although it's two hundred billion dollars that much

675
00:32:20,000 --> 00:32:22,160
Speaker 2: to them. You know, if you're in the top, if

676
00:32:22,160 --> 00:32:24,320
Speaker 2: you're in the five hundred club, I don't imagine you'll

677
00:32:24,360 --> 00:32:27,520
Speaker 2: be crying into your pillow tonight, although if you've got

678
00:32:27,520 --> 00:32:30,000
Speaker 2: a pension fun then you will be. Have you checked

679
00:32:30,000 --> 00:32:33,480
Speaker 2: a Kiwi Savor? Go and have a look? Go and

680
00:32:33,640 --> 00:32:35,800
Speaker 2: actually no, it's Friday. Go and have a look on Sunday.

681
00:32:36,040 --> 00:32:37,040
Speaker 2: Once the weekend's over.

682
00:32:37,120 --> 00:32:38,800
Speaker 14: Well, it's probably not going to be better on Sunday,

683
00:32:38,840 --> 00:32:41,200
Speaker 14: is it right? Trying to tear the band aid off now?

684
00:32:41,240 --> 00:32:43,640
Speaker 2: But at least you won't ruin your weekend, That's the thing.

685
00:32:44,960 --> 00:32:47,440
Speaker 2: Judith Collins on the Monomenui.

686
00:32:47,040 --> 00:33:29,360
Speaker 19: Next Questions, Answers, Facts Analysis, The Drive show you trust

687
00:33:29,480 --> 00:33:30,520
Speaker 19: for the full picture.

688
00:33:30,720 --> 00:33:34,200
Speaker 1: Brian Bridge on Heather Duplicy allan drive with one New

689
00:33:34,280 --> 00:33:36,640
Speaker 1: Zealand let's get connected news talks.

690
00:33:36,640 --> 00:33:37,880
Speaker 3: That'd be good evening.

691
00:33:37,920 --> 00:33:40,120
Speaker 2: It is seven after five, Friday, the fourth of April.

692
00:33:40,240 --> 00:33:42,920
Speaker 2: Human era and competence. These are the main problems that

693
00:33:43,000 --> 00:33:44,960
Speaker 2: led to the sinking of the monam Nui. This is

694
00:33:45,000 --> 00:33:47,720
Speaker 2: the Court of Inquiry report out today. The crew were

695
00:33:47,800 --> 00:33:52,080
Speaker 2: unaware that the ship was on autopilot mode, and then

696
00:33:52,120 --> 00:33:55,960
Speaker 2: they tried to adjust course without disengaging it. Defense Minister

697
00:33:56,000 --> 00:33:59,800
Speaker 2: Judith Collins with me, High Minister, Oh hello, Ryan, So

698
00:34:00,640 --> 00:34:02,840
Speaker 2: how do you not know you're on autopilot?

699
00:34:03,520 --> 00:34:03,640
Speaker 8: Oh?

700
00:34:03,840 --> 00:34:07,080
Speaker 6: Look, don't ask me. I'm not someone who's ever sailed

701
00:34:07,080 --> 00:34:11,160
Speaker 6: a ship. But I think the inquiry was very clear

702
00:34:11,360 --> 00:34:16,480
Speaker 6: human error was the major factor here and quite clearly

703
00:34:16,960 --> 00:34:19,720
Speaker 6: we were fortunate not to have seventy five people dead.

704
00:34:20,400 --> 00:34:24,640
Speaker 6: But it certainly doesn't make for excellent for good reading.

705
00:34:25,239 --> 00:34:27,400
Speaker 2: No, well, it typically not when we've still got other

706
00:34:27,480 --> 00:34:30,520
Speaker 2: vessels that are out there, right, and we had people

707
00:34:30,520 --> 00:34:32,480
Speaker 2: on this one who didn't know they were an autopilot.

708
00:34:32,680 --> 00:34:34,239
Speaker 2: Do the rest of the Navy know what all o

709
00:34:34,360 --> 00:34:35,000
Speaker 2: pilot means?

710
00:34:35,840 --> 00:34:39,080
Speaker 6: Yes, they do, So one of the interesting things today

711
00:34:39,680 --> 00:34:43,560
Speaker 6: is when the Chief of Navy advised the media that

712
00:34:45,560 --> 00:34:48,040
Speaker 6: they were very much aware of some of the lessons

713
00:34:48,040 --> 00:34:50,560
Speaker 6: from this inquiry, and so they made sure that they

714
00:34:51,440 --> 00:34:55,120
Speaker 6: updated and changed the procedures to make sure everybody knew everything.

715
00:34:55,800 --> 00:34:58,600
Speaker 6: One of the issues that he's raised is that they

716
00:34:58,640 --> 00:35:03,680
Speaker 6: have you know, there's nine ships and five and five

717
00:35:03,719 --> 00:35:07,320
Speaker 6: of them five different platforms. In other words, the ship

718
00:35:07,400 --> 00:35:11,200
Speaker 6: was quite different from other ships. But that's not good enough,

719
00:35:11,440 --> 00:35:15,120
Speaker 6: and they're very aware of that, and they're not making excuses.

720
00:35:15,160 --> 00:35:18,359
Speaker 6: They're saying, we're stuffed up, we're fixing it, We're very

721
00:35:18,440 --> 00:35:19,440
Speaker 6: sorry for what's happened.

722
00:35:19,760 --> 00:35:21,879
Speaker 2: Yeah, but are you confident in that? I mean, have

723
00:35:22,440 --> 00:35:25,879
Speaker 2: does everybody on the ships right now know what autopilot

724
00:35:25,920 --> 00:35:26,799
Speaker 2: being on? Looks like?

725
00:35:27,520 --> 00:35:29,560
Speaker 6: I don't know that everybody needs to know.

726
00:35:29,480 --> 00:35:31,800
Speaker 2: What auto pay well, the people that need to know.

727
00:35:32,560 --> 00:35:34,680
Speaker 6: The people that need to know. Yes, I'm sure that

728
00:35:34,760 --> 00:35:37,480
Speaker 6: they do know, And I don't know that these people

729
00:35:37,520 --> 00:35:41,800
Speaker 6: didn't know, But it certainly seems that in the moment

730
00:35:42,080 --> 00:35:43,440
Speaker 6: the report didn't.

731
00:35:43,760 --> 00:35:46,640
Speaker 2: I mean, obviously you wouldn't know, otherwise you'd turn it off, presumably,

732
00:35:46,640 --> 00:35:47,160
Speaker 2: wouldn't you.

733
00:35:47,719 --> 00:35:50,920
Speaker 6: Yeah, Well, I think that's What was really clear is

734
00:35:50,960 --> 00:35:56,799
Speaker 6: that there was a distraction, and that distraction was not

735
00:35:56,840 --> 00:36:00,160
Speaker 6: good enough. You can't simply can't have people distracted when

736
00:36:00,160 --> 00:36:04,080
Speaker 6: they're in the bridge and the ship is right at

737
00:36:04,120 --> 00:36:05,920
Speaker 6: a coral reef. It cannot happen.

738
00:36:06,200 --> 00:36:08,440
Speaker 2: This is something allowed to happen. Somebody was asking the

739
00:36:08,440 --> 00:36:12,359
Speaker 2: captain questions while she was trying to navigate this would

740
00:36:12,360 --> 00:36:13,319
Speaker 2: you know what they were asked?

741
00:36:13,360 --> 00:36:17,479
Speaker 6: I don't know that that is necessarily true, because it's

742
00:36:17,560 --> 00:36:25,080
Speaker 6: the officer on the watch was at that moment in

743
00:36:25,160 --> 00:36:26,520
Speaker 6: the bridge rather.

744
00:36:26,360 --> 00:36:29,720
Speaker 2: Than the captain. Capt So somebody was asking the officer

745
00:36:29,960 --> 00:36:32,520
Speaker 2: rather than the captain questions and that was distracting.

746
00:36:32,760 --> 00:36:35,120
Speaker 6: It appears to be the one of the issues that

747
00:36:35,160 --> 00:36:36,200
Speaker 6: came out of the inquiry.

748
00:36:36,280 --> 00:36:38,080
Speaker 2: Problem is there so many issues that have come out

749
00:36:38,080 --> 00:36:41,080
Speaker 2: of the inquiry. I mean, who was in charge of

750
00:36:42,160 --> 00:36:46,319
Speaker 2: staffing the ship and training people to make sure that

751
00:36:46,320 --> 00:36:48,480
Speaker 2: they knew how to use it, which clearly they didn't.

752
00:36:49,880 --> 00:36:52,640
Speaker 6: Well, I would say that most people on the ship

753
00:36:52,719 --> 00:36:56,279
Speaker 6: knew exactly what their jobs were and had some form

754
00:36:56,320 --> 00:36:59,680
Speaker 6: of muscle memory about using them. But one of the

755
00:36:59,680 --> 00:37:04,000
Speaker 6: issues that we has been made very plain is that

756
00:37:04,480 --> 00:37:09,239
Speaker 6: there has been quite a significant loss of qualified and

757
00:37:09,640 --> 00:37:14,080
Speaker 6: very experienced personnel, and that's still no excuse. You still

758
00:37:14,120 --> 00:37:16,840
Speaker 6: simply can't get this stuff wrong. I think one of

759
00:37:16,920 --> 00:37:19,440
Speaker 6: the things that was clear of an inquiry is that

760
00:37:19,480 --> 00:37:22,360
Speaker 6: there was a willingness to have a can do attitude,

761
00:37:22,880 --> 00:37:26,920
Speaker 6: but there's sometimes in very speedy ways. But the problem

762
00:37:27,000 --> 00:37:29,279
Speaker 6: with that is if you haven't got everything right, you're

763
00:37:29,320 --> 00:37:32,560
Speaker 6: going to be setting yourself up for a major incident.

764
00:37:32,640 --> 00:37:34,360
Speaker 6: And that's exactly what's happened here.

765
00:37:34,239 --> 00:37:38,600
Speaker 2: When you say there wasn't enough experience, Were people put

766
00:37:38,640 --> 00:37:41,960
Speaker 2: there in positions of authority who shouldn't have been And

767
00:37:42,080 --> 00:37:46,080
Speaker 2: was that anything to do with DEI nothing.

768
00:37:45,719 --> 00:37:49,440
Speaker 6: To do with DOI at all. I thought. One of

769
00:37:49,480 --> 00:37:52,760
Speaker 6: the issues is that they've just simply lost so many personnel.

770
00:37:53,040 --> 00:37:55,200
Speaker 6: I mean, we have three ships tied up at the

771
00:37:55,239 --> 00:37:59,160
Speaker 6: moment and something called care and custody, and one of

772
00:37:59,160 --> 00:38:01,640
Speaker 6: the big reasons for them it is we don't have

773
00:38:01,760 --> 00:38:05,759
Speaker 6: sufficient qualified and experienced personnel to go to see on

774
00:38:05,920 --> 00:38:08,200
Speaker 6: all of them. So this is one of the issues that.

775
00:38:08,600 --> 00:38:12,520
Speaker 2: Three of out nine are currently basically non functioning.

776
00:38:13,600 --> 00:38:18,280
Speaker 6: That's the one YEP one is getting made ready because we'll,

777
00:38:18,320 --> 00:38:21,040
Speaker 6: you know, we'll be able to take the crew from

778
00:38:21,440 --> 00:38:26,080
Speaker 6: Manuanui and get back out. So it cannot underestimate just

779
00:38:26,160 --> 00:38:32,200
Speaker 6: how damaging losing seventeen point seven percent of your people

780
00:38:32,560 --> 00:38:36,879
Speaker 6: in a year is in particularly when they're the ten

781
00:38:36,920 --> 00:38:42,239
Speaker 6: to fifteen year experienced people and in trades like mechanical

782
00:38:42,280 --> 00:38:46,799
Speaker 6: engineers or marine engineers and people like that. So we're

783
00:38:46,840 --> 00:38:47,760
Speaker 6: not good enough.

784
00:38:49,280 --> 00:38:51,600
Speaker 2: That we have you do you pay them more? Do

785
00:38:51,640 --> 00:38:53,400
Speaker 2: you pay them more? And does that come in your

786
00:38:53,400 --> 00:38:54,040
Speaker 2: defense plan?

787
00:38:55,200 --> 00:38:58,640
Speaker 6: Well, we certainly do need to recruit more and we

788
00:38:58,680 --> 00:39:01,680
Speaker 6: need to retain more. So we've had a big drop

789
00:39:01,719 --> 00:39:04,239
Speaker 6: from that seventeen point seven percent that it got to

790
00:39:04,480 --> 00:39:07,600
Speaker 6: attrition to now I think the Navy's about six point

791
00:39:07,640 --> 00:39:13,040
Speaker 6: seven percent, so they're still they've really got to a

792
00:39:13,160 --> 00:39:15,719
Speaker 6: normal number. Now, okay, but now we do need to

793
00:39:15,719 --> 00:39:16,440
Speaker 6: get to recruit.

794
00:39:16,600 --> 00:39:19,040
Speaker 2: All right, when's your defense plan coming, Minister?

795
00:39:20,200 --> 00:39:23,399
Speaker 6: Well, I'm saying very soon. So we've moved from soon

796
00:39:23,440 --> 00:39:25,960
Speaker 6: to very soon. It's going to be good.

797
00:39:26,920 --> 00:39:31,560
Speaker 2: Judith Collins, Defense Minister. Thirteen. After five, Bryan Bridge, let's

798
00:39:31,560 --> 00:39:33,600
Speaker 2: go to the States look at some Trump stuff, some

799
00:39:33,640 --> 00:39:36,759
Speaker 2: tariff stuff. So JD. Varannce has gone on American. In fact,

800
00:39:36,760 --> 00:39:40,640
Speaker 2: he was on Newsmax, which is iron quite a fortuitous

801
00:39:40,680 --> 00:39:43,400
Speaker 2: because it's the same business that launched on the stock

802
00:39:43,480 --> 00:39:47,600
Speaker 2: exchange this week, and the share prices, you can imagine,

803
00:39:47,600 --> 00:39:49,360
Speaker 2: has been up and doubt all over the place. I

804
00:39:49,360 --> 00:39:51,400
Speaker 2: think they lost seventy five percent in one day. They

805
00:39:51,480 --> 00:39:54,080
Speaker 2: gained two hundred and thirty four percent over two days. Anyway,

806
00:39:54,400 --> 00:39:57,160
Speaker 2: he went on their news service, which is conservative, taking

807
00:39:57,200 --> 00:40:00,200
Speaker 2: a big chunk out of Fox's revenue. Here's what he

808
00:40:00,239 --> 00:40:00,759
Speaker 2: had to say.

809
00:40:01,040 --> 00:40:03,600
Speaker 20: Look, I frankly thought in some ways it could be

810
00:40:03,760 --> 00:40:06,280
Speaker 20: worse in the markets, because this is a big transition.

811
00:40:06,320 --> 00:40:09,319
Speaker 20: He saw the President said earlier today, it's like a

812
00:40:09,400 --> 00:40:12,120
Speaker 20: patient who was very sick. We did the operation, and

813
00:40:12,239 --> 00:40:14,080
Speaker 20: now it's time to make the patient better.

814
00:40:14,320 --> 00:40:15,680
Speaker 3: And that's exactly what we're doing.

815
00:40:15,960 --> 00:40:19,080
Speaker 2: Dow was down sixteen hundred points today, will straight worst

816
00:40:19,120 --> 00:40:22,560
Speaker 2: set off since twenty twenty, basically since COVID. And this

817
00:40:22,719 --> 00:40:24,120
Speaker 2: was Vance's response to that.

818
00:40:24,000 --> 00:40:26,200
Speaker 20: One bad day in the stock market. Compared to what

819
00:40:26,239 --> 00:40:28,400
Speaker 20: President Trump said earlier today, and I think he's right

820
00:40:28,440 --> 00:40:31,120
Speaker 20: about this. We're going to have a booming stock market

821
00:40:31,160 --> 00:40:34,000
Speaker 20: for a long time because we're reinvesting in the United

822
00:40:34,040 --> 00:40:36,399
Speaker 20: States of America. And more importantly than that, of course,

823
00:40:36,440 --> 00:40:37,759
Speaker 20: the people on Wall Street.

824
00:40:37,480 --> 00:40:38,080
Speaker 3: Have done well.

825
00:40:38,080 --> 00:40:40,040
Speaker 20: We want them to do well, but we care the

826
00:40:40,080 --> 00:40:43,799
Speaker 20: most about American workers and about American small businesses, and

827
00:40:43,840 --> 00:40:45,719
Speaker 20: they're the ones who are really going to benefit from

828
00:40:45,760 --> 00:40:46,440
Speaker 20: these policies.

829
00:40:46,960 --> 00:40:48,880
Speaker 2: Yeah, it's interesting because a lot of the world is

830
00:40:48,920 --> 00:40:51,959
Speaker 2: scratching their heads, thinking why are you doing this? Why

831
00:40:52,000 --> 00:40:54,719
Speaker 2: would you do this to yourself? And I have some

832
00:40:54,760 --> 00:40:56,480
Speaker 2: thoughts on that. I'll share them with you before five

833
00:40:56,640 --> 00:41:00,399
Speaker 2: thirty James Mega on the Treaty Bill. Next you inch

834
00:41:00,400 --> 00:41:03,520
Speaker 2: closer to retirement, it's just normal to start thinking about

835
00:41:03,560 --> 00:41:06,239
Speaker 2: your finances. The questions that pop up from time to time,

836
00:41:06,440 --> 00:41:08,440
Speaker 2: especially with the cost of living the way it is.

837
00:41:08,480 --> 00:41:11,239
Speaker 2: People are asking how much will I need? Have I

838
00:41:11,280 --> 00:41:13,879
Speaker 2: got enough? How long is it going to last? These

839
00:41:13,880 --> 00:41:17,080
Speaker 2: can be some pretty confronting questions for people, but you're

840
00:41:17,080 --> 00:41:20,320
Speaker 2: not alone. They're on most people's minds as retirement approaches.

841
00:41:20,520 --> 00:41:22,959
Speaker 2: And while it's difficult to answer these questions for sure,

842
00:41:23,239 --> 00:41:26,200
Speaker 2: an expert team at Milford can help you in the

843
00:41:26,280 --> 00:41:30,280
Speaker 2: right direction. With Milford's award winning investment expertise, their focus

844
00:41:30,360 --> 00:41:34,280
Speaker 2: on risk management, and their years of experience and financial advice,

845
00:41:34,600 --> 00:41:36,319
Speaker 2: you can be well on your way to making the

846
00:41:36,360 --> 00:41:39,680
Speaker 2: most of your savings, So why wait to learn more

847
00:41:39,800 --> 00:41:42,840
Speaker 2: and to see their financial advice to provide a disclosure statement,

848
00:41:43,120 --> 00:41:46,319
Speaker 2: head to Milford asset dot com slash retire well. That's

849
00:41:46,440 --> 00:41:50,360
Speaker 2: Milford asset dot com slash retire Well, Ryan Bridge, it

850
00:41:50,640 --> 00:41:54,200
Speaker 2: is five eighteen. I'm still just sort of coming down

851
00:41:54,200 --> 00:41:56,800
Speaker 2: from the fact that a third of our navy fleet

852
00:41:57,160 --> 00:41:59,680
Speaker 2: is sitting there doted, doing nothing because we don't have

853
00:41:59,719 --> 00:42:03,200
Speaker 2: another people to man them or woman them or whatever

854
00:42:03,239 --> 00:42:06,720
Speaker 2: it is. Anyway, the Select Committee looking into the Treaty

855
00:42:06,719 --> 00:42:10,200
Speaker 2: bill gives a big thumbs down three hundred thousand submissions,

856
00:42:10,280 --> 00:42:13,719
Speaker 2: ninety percent opposed. Seymour still wants a referendum.

857
00:42:13,800 --> 00:42:16,480
Speaker 14: If people believe that the public don't support this, they

858
00:42:16,480 --> 00:42:18,440
Speaker 14: should not be opposed to having a referendum on it.

859
00:42:18,800 --> 00:42:21,000
Speaker 2: James meagha is the chair of the Justice Committee. He's

860
00:42:21,040 --> 00:42:24,239
Speaker 2: with me now, good evening, Good evening, Ryn. Is this

861
00:42:24,280 --> 00:42:25,719
Speaker 2: going to be voted down next week?

862
00:42:26,960 --> 00:42:28,840
Speaker 13: Ultimately that's up to the House and what parties do.

863
00:42:29,160 --> 00:42:32,600
Speaker 13: National's positions. Being clear, we supported the bill through to

864
00:42:32,719 --> 00:42:35,399
Speaker 13: Select Committee, have a conversation. We don't support the bill,

865
00:42:35,440 --> 00:42:36,600
Speaker 13: so we'll be ringing against it.

866
00:42:36,719 --> 00:42:38,640
Speaker 2: Okay, in other parties, that's up to them. But does

867
00:42:38,680 --> 00:42:40,040
Speaker 2: this next week the votal happen.

868
00:42:41,640 --> 00:42:43,759
Speaker 13: That will be up to the Leader of the House,

869
00:42:43,760 --> 00:42:46,279
Speaker 13: who manages the legis of the schedule. So as the chair,

870
00:42:46,480 --> 00:42:48,879
Speaker 13: I've got the report back done, so it's ultimately over

871
00:42:48,960 --> 00:42:52,040
Speaker 13: to the government. Now is to when it appears?

872
00:42:52,200 --> 00:42:54,360
Speaker 2: Has this been a giant waste of time or do

873
00:42:54,440 --> 00:42:56,759
Speaker 2: you feel that we have all grown as a nation

874
00:42:56,920 --> 00:42:57,720
Speaker 2: and learnt something.

875
00:42:59,600 --> 00:43:02,680
Speaker 13: I think there's a significant amount of work that's been done,

876
00:43:02,800 --> 00:43:04,960
Speaker 13: and if researchers look back, you've got, you know, three

877
00:43:05,040 --> 00:43:07,840
Speaker 13: hundred thousand submissions on a particular issue at a particular

878
00:43:07,880 --> 00:43:10,520
Speaker 13: point in time, So there may well be some academic value.

879
00:43:10,840 --> 00:43:13,960
Speaker 13: But we've of the position where we don't think the

880
00:43:14,000 --> 00:43:17,080
Speaker 13: bill's going to proceed, so we're very keen now to

881
00:43:17,320 --> 00:43:18,840
Speaker 13: I think, get it done and just to move on

882
00:43:18,960 --> 00:43:20,440
Speaker 13: and get on with things that are actually growing the

883
00:43:20,440 --> 00:43:22,320
Speaker 13: economy and making a change to Field's life.

884
00:43:22,400 --> 00:43:24,399
Speaker 2: With the submission, there was a bit of who are

885
00:43:24,440 --> 00:43:27,320
Speaker 2: about the submissions and whether there be tens of thousands

886
00:43:27,320 --> 00:43:30,160
Speaker 2: that weren't going to be read? Was everyone read by

887
00:43:30,520 --> 00:43:33,879
Speaker 2: will everyone be read by someone? Yeah?

888
00:43:33,920 --> 00:43:35,799
Speaker 13: There was a bunch of game playing there, and it's

889
00:43:35,800 --> 00:43:38,479
Speaker 13: really frustrating because some of that was done a little

890
00:43:38,520 --> 00:43:42,319
Speaker 13: bit underhandedly. So here's the facts. Every submission that was

891
00:43:42,360 --> 00:43:45,600
Speaker 13: received was read by a human at the Ministry of Justice.

892
00:43:45,920 --> 00:43:49,200
Speaker 13: All of those submissions were incorporated into what's called the

893
00:43:49,200 --> 00:43:52,480
Speaker 13: Departmental Report, which was produced by the Ministry, and then

894
00:43:52,480 --> 00:43:55,080
Speaker 13: all those submissions were always going to be published. Now,

895
00:43:55,120 --> 00:43:59,120
Speaker 13: the difference was when submissions are still being processed for

896
00:43:59,239 --> 00:44:02,680
Speaker 13: consistency with standing orders after the bills reported back, they

897
00:44:02,719 --> 00:44:05,160
Speaker 13: go into a bucket called the general business bucket. Now,

898
00:44:05,200 --> 00:44:07,800
Speaker 13: we wanted to put a motion to have them treated

899
00:44:07,840 --> 00:44:09,920
Speaker 13: all as the same label block that in Business Committe.

900
00:44:09,960 --> 00:44:11,879
Speaker 13: That's what Duncan Webb has not been telling you. He's

901
00:44:11,880 --> 00:44:13,759
Speaker 13: been telling you that the government's been blocking it. That's

902
00:44:13,800 --> 00:44:16,239
Speaker 13: not true. They wanted to do their own motion to

903
00:44:16,280 --> 00:44:18,240
Speaker 13: extend the report back because they wanted to play politics.

904
00:44:18,320 --> 00:44:20,680
Speaker 2: So well, there's been a lot of politicking over this.

905
00:44:20,800 --> 00:44:23,200
Speaker 2: Let's spe clear about that. I didn't know there was

906
00:44:23,239 --> 00:44:27,320
Speaker 2: a general business bucket. That sounds probably the least interesting

907
00:44:27,320 --> 00:44:30,799
Speaker 2: thing I've heard today. Hey, okay, so we've got here.

908
00:44:31,120 --> 00:44:33,800
Speaker 2: The Select Committee's reported back. We're going to have a vote.

909
00:44:33,880 --> 00:44:36,719
Speaker 2: It's going to go no where should it have been

910
00:44:36,760 --> 00:44:37,960
Speaker 2: in your coalition agreement?

911
00:44:38,040 --> 00:44:38,400
Speaker 3: James?

912
00:44:39,560 --> 00:44:43,040
Speaker 13: That is most certainly not an answer or a question

913
00:44:43,200 --> 00:44:45,640
Speaker 13: for me. But the fundamentals is that it wasn't a

914
00:44:45,640 --> 00:44:48,359
Speaker 13: coalition agreement. That is the price we pay for living

915
00:44:48,400 --> 00:44:51,480
Speaker 13: in an MMP environment, and I guess the consequence is

916
00:44:51,480 --> 00:44:53,400
Speaker 13: that we have the opportunity to be in government to

917
00:44:53,440 --> 00:44:55,799
Speaker 13: make some real change for people's life. So that's probably

918
00:44:55,840 --> 00:44:57,239
Speaker 13: the extent of what I can do on that one.

919
00:44:57,520 --> 00:44:59,440
Speaker 2: Do you think this is something that we will come

920
00:44:59,480 --> 00:45:02,600
Speaker 2: back to and revisit as a country do the I mean,

921
00:45:02,640 --> 00:45:06,359
Speaker 2: you're a former lawyer, you're a politician, you're mardy. Do

922
00:45:06,400 --> 00:45:08,400
Speaker 2: we need to define them? At some point?

923
00:45:09,480 --> 00:45:12,520
Speaker 13: I think the underlying debate is probably one that was

924
00:45:12,560 --> 00:45:15,520
Speaker 13: worth having. We didn't agree with this particular mechanism. There

925
00:45:15,600 --> 00:45:18,200
Speaker 13: is another mechanism going through at the moment around reviewing

926
00:45:18,640 --> 00:45:23,040
Speaker 13: particular phrases in legislation where treaty principles are mentioned, and

927
00:45:23,120 --> 00:45:25,600
Speaker 13: I think there were some valid concerns about whose role

928
00:45:25,800 --> 00:45:28,759
Speaker 13: is it to define what the principles are or aren't.

929
00:45:28,960 --> 00:45:31,080
Speaker 13: So I don't think it's going away, but I think

930
00:45:31,120 --> 00:45:33,239
Speaker 13: for this particular case, it wasn't the right way to

931
00:45:33,280 --> 00:45:34,759
Speaker 13: do it and so now we'll move on to some

932
00:45:35,040 --> 00:45:35,520
Speaker 13: other ways.

933
00:45:35,560 --> 00:45:38,400
Speaker 2: Maybe all right, interesting stuff, James, thanks for that. James Megha,

934
00:45:38,400 --> 00:45:42,120
Speaker 2: who's the Justice Select Committee chair and National Party minister.

935
00:45:42,160 --> 00:45:44,080
Speaker 2: It has just gone twenty one minutes after five news talks.

936
00:45:44,080 --> 00:45:46,239
Speaker 2: There b. If you're wondering why Trump's doing what he's

937
00:45:46,239 --> 00:45:48,440
Speaker 2: doing in America, a couple of numbers that will help

938
00:45:48,480 --> 00:45:48,920
Speaker 2: explain it.

939
00:45:48,960 --> 00:45:54,799
Speaker 1: Next informed insight into today's issues. It's Ryan Bridge on

940
00:45:54,920 --> 00:45:59,760
Speaker 1: hither duperic Ellen drive with one New Zealand let's get connected.

941
00:46:00,880 --> 00:46:04,400
Speaker 2: Five point twenty four News Talk SAIRB. Why that is

942
00:46:04,480 --> 00:46:07,640
Speaker 2: the big question from this week. Why would a guy

943
00:46:07,760 --> 00:46:12,160
Speaker 2: who has just been elected to lead the world's largest economy,

944
00:46:12,360 --> 00:46:15,600
Speaker 2: a booming share market, try and do a mona Anui,

945
00:46:16,400 --> 00:46:20,120
Speaker 2: crash it into a reef and sink it. Why risk recession?

946
00:46:20,760 --> 00:46:24,799
Speaker 2: Why up in the cooperative friendly world order that we've

947
00:46:24,840 --> 00:46:27,399
Speaker 2: created post World War two to prevent World War three?

948
00:46:28,239 --> 00:46:32,120
Speaker 2: The answer is simple. Really, unlike the Monamennui, this is

949
00:46:32,239 --> 00:46:36,480
Speaker 2: not human error. Trump knows what he's doing. He said

950
00:46:36,520 --> 00:46:40,080
Speaker 2: he'd do it, and people voted for it. Here's a

951
00:46:40,120 --> 00:46:43,480
Speaker 2: stat that tells us why the proportion of Americans in

952
00:46:43,520 --> 00:46:47,720
Speaker 2: the middle class in nineteen seventy one was sixty one percent.

953
00:46:48,400 --> 00:46:53,160
Speaker 2: In twenty twenty three it was fifty one percent. To them,

954
00:46:53,239 --> 00:46:57,360
Speaker 2: this is not madness, this is hope. They've got nothing

955
00:46:57,400 --> 00:47:00,399
Speaker 2: to lose. And the Washington elites, as you will hear

956
00:47:00,440 --> 00:47:02,839
Speaker 2: them say at their rallies, have been letting them down

957
00:47:03,520 --> 00:47:07,000
Speaker 2: for decades, from the Bushes to the Clintons. I mean,

958
00:47:07,040 --> 00:47:10,880
Speaker 2: you name them. Trump is their savior, and if you

959
00:47:10,960 --> 00:47:13,040
Speaker 2: have to break a few eggs to make an omelet,

960
00:47:13,080 --> 00:47:17,959
Speaker 2: then so be it. This is not to say it'll work,

961
00:47:19,440 --> 00:47:22,880
Speaker 2: that he can revive the rust belt and bring back manufacturing,

962
00:47:23,000 --> 00:47:26,360
Speaker 2: but it does tell you something. Life in America ain't

963
00:47:26,560 --> 00:47:29,560
Speaker 2: all it's cracked up to be. And Americans and the

964
00:47:29,600 --> 00:47:33,560
Speaker 2: Swing states especially aren't going to sit by and let

965
00:47:33,600 --> 00:47:37,200
Speaker 2: that continue. Ryan Bridge five twenty six on News Talk sa'b.

966
00:47:37,640 --> 00:47:40,279
Speaker 2: I saw a headline today about drinking, and I just

967
00:47:40,320 --> 00:47:44,520
Speaker 2: thought so. It said twenty five percent of scientists are

968
00:47:44,560 --> 00:47:49,319
Speaker 2: investigating why twenty five percent of people don't get hangovers

969
00:47:49,360 --> 00:47:53,600
Speaker 2: after drinking, and I thought they're all under thirty. That's

970
00:47:53,640 --> 00:47:57,280
Speaker 2: a very simple question to answer. Do you need scientists

971
00:47:57,320 --> 00:47:59,960
Speaker 2: to look into this? Back in the good old day,

972
00:48:00,120 --> 00:48:01,959
Speaker 2: it was you know you would. You would go out

973
00:48:02,640 --> 00:48:05,400
Speaker 2: on a Friday night. You would have some drinks, have

974
00:48:05,520 --> 00:48:07,440
Speaker 2: too many drinks, and then you would go. I used

975
00:48:07,440 --> 00:48:09,719
Speaker 2: to wash dishes on a Saturday morning when I was

976
00:48:09,760 --> 00:48:13,200
Speaker 2: at school and get up and go and work for

977
00:48:13,239 --> 00:48:17,320
Speaker 2: eight hours. Absolutely fine. Now it's like waking up you

978
00:48:17,360 --> 00:48:20,040
Speaker 2: feel like you've got a terminal illness. You know, it's

979
00:48:20,120 --> 00:48:23,799
Speaker 2: just no moving. So I think, just save yourself some

980
00:48:23,880 --> 00:48:27,960
Speaker 2: time scientists, and yeah, it's pretty simple. After thirty it's

981
00:48:27,960 --> 00:48:48,879
Speaker 2: a no go. Twenty seven after five, we'll talk markets next.

982
00:48:36,960 --> 00:48:48,200
Speaker 1: Du on the iHeart app and in your car on

983
00:48:48,239 --> 00:48:51,320
Speaker 1: your drive home, it's Ryan Bridge on heather Do for

984
00:48:51,440 --> 00:48:53,920
Speaker 1: Sea Elan Drive with one New Zealand.

985
00:48:54,239 --> 00:48:56,520
Speaker 3: Let's get connected. News talk sa'd be.

986
00:49:03,160 --> 00:49:05,959
Speaker 2: Good evening twenty five minutes away from six news talks.

987
00:49:06,000 --> 00:49:08,279
Speaker 2: It'd be whether you're just finishing work or whether you're

988
00:49:08,320 --> 00:49:10,480
Speaker 2: just cracking open your first drink for the weekend. We

989
00:49:10,480 --> 00:49:12,600
Speaker 2: were talking earlier of not that everyone has to do that,

990
00:49:12,640 --> 00:49:15,280
Speaker 2: but we were talking about drinking just a second ago,

991
00:49:15,320 --> 00:49:18,000
Speaker 2: because scientists are trying to work out why twenty five

992
00:49:18,000 --> 00:49:22,319
Speaker 2: percent of people who drink alcohol don't get hangovers. Ryan,

993
00:49:22,360 --> 00:49:24,839
Speaker 2: I heard you speaking about hangovers, and you joked that

994
00:49:25,239 --> 00:49:28,360
Speaker 2: anyone without a hangover must just be under twenty. Sorry,

995
00:49:28,440 --> 00:49:31,919
Speaker 2: but you are wrong, says Tony. I'm sixty one, never

996
00:49:32,000 --> 00:49:33,960
Speaker 2: had a hangover in my life, and I drink my

997
00:49:34,000 --> 00:49:36,520
Speaker 2: fair share. A mate who's in his fifties is in

998
00:49:36,560 --> 00:49:40,200
Speaker 2: the same as the same. Rather Ryan ten to twelve

999
00:49:40,360 --> 00:49:44,880
Speaker 2: drinks no hangover here, says this text forty six. Although

1000
00:49:44,960 --> 00:49:48,399
Speaker 2: quite well practiced practiced. I think a lot of people

1001
00:49:48,480 --> 00:49:51,560
Speaker 2: are just drinking heavier, therefore getting used to it. It's

1002
00:49:51,600 --> 00:49:54,319
Speaker 2: not a good thing, just a trend. It's interesting. The

1003
00:49:54,360 --> 00:49:57,840
Speaker 2: trend for young people is actually the opposite. Young people

1004
00:49:57,960 --> 00:50:00,759
Speaker 2: don't drink as much as their pair instead when they

1005
00:50:00,760 --> 00:50:04,040
Speaker 2: were their age, and older age groups are now amongst

1006
00:50:04,040 --> 00:50:07,520
Speaker 2: the most drunk. So there you go, as you say,

1007
00:50:07,600 --> 00:50:09,280
Speaker 2: well practiced twenty four away.

1008
00:50:09,080 --> 00:50:11,360
Speaker 3: From six Bryan Bridge.

1009
00:50:11,560 --> 00:50:14,200
Speaker 2: So Trump's tariffs are heading countries all over the world.

1010
00:50:14,280 --> 00:50:17,279
Speaker 2: You might be wondering what this means for mortgage interest rates. Well,

1011
00:50:17,320 --> 00:50:20,560
Speaker 2: we've got the Reserve Bank here reviewing the ICR next Wednesday.

1012
00:50:20,680 --> 00:50:23,439
Speaker 2: Economists still expecting that we will get a twenty five

1013
00:50:23,480 --> 00:50:26,680
Speaker 2: basis point cuts. At Nick Tuffley's with US ASBTIEF economist

1014
00:50:26,760 --> 00:50:31,200
Speaker 2: Nick Good evening. Oh, so you think no change to

1015
00:50:31,600 --> 00:50:35,359
Speaker 2: what was expected or what was being expected after what's

1016
00:50:35,360 --> 00:50:37,720
Speaker 2: happened in the US.

1017
00:50:37,960 --> 00:50:40,080
Speaker 17: Well, yes, we think that the Reserve Bank's still going

1018
00:50:40,160 --> 00:50:42,920
Speaker 17: to be pretty comfortable that interestrates me to go a

1019
00:50:42,920 --> 00:50:46,239
Speaker 17: bit lower, and we see them cutting by twenty five

1020
00:50:46,400 --> 00:50:49,960
Speaker 17: points next week and still cutting by twenty five in May.

1021
00:50:50,320 --> 00:50:53,680
Speaker 17: I think what's been happening locally is fairly consistent with

1022
00:50:53,760 --> 00:50:57,440
Speaker 17: the reserve banks view their inflations under control enough to

1023
00:50:57,520 --> 00:51:00,040
Speaker 17: cut down to about three and a quarter percent. And

1024
00:51:01,320 --> 00:51:03,560
Speaker 17: there was the events, Like everybody else kind of it

1025
00:51:03,600 --> 00:51:05,960
Speaker 17: on the sidelines, waiting to see just what sort of

1026
00:51:06,080 --> 00:51:10,560
Speaker 17: carnage comes out of the train wreck from Donald Trump.

1027
00:51:11,600 --> 00:51:13,680
Speaker 2: What is it going to do to inflation? I mean,

1028
00:51:14,360 --> 00:51:16,600
Speaker 2: it's all crystal ball gazing at this point, isn't it.

1029
00:51:16,600 --> 00:51:18,000
Speaker 2: But what do you expect?

1030
00:51:19,320 --> 00:51:21,799
Speaker 17: Well, our hunch is that sort of in the short

1031
00:51:21,880 --> 00:51:25,920
Speaker 17: term we may well get some slight inflation impacts when

1032
00:51:25,920 --> 00:51:28,359
Speaker 17: you're looking out say over the next year, but longer term,

1033
00:51:28,400 --> 00:51:32,319
Speaker 17: the dominant impacts could be slightly negative. So you're kind

1034
00:51:32,320 --> 00:51:34,920
Speaker 17: of breaking it up into in the short term, you

1035
00:51:34,920 --> 00:51:38,160
Speaker 17: could have the New Zealand Donald weekend which could push

1036
00:51:38,160 --> 00:51:41,399
Speaker 17: import prices up. Some things that we buy may get

1037
00:51:41,400 --> 00:51:44,799
Speaker 17: caught up in all the supply chain added expenses from

1038
00:51:44,840 --> 00:51:47,760
Speaker 17: tariff and those things could go up. Particular, we're importing

1039
00:51:47,800 --> 00:51:50,320
Speaker 17: stuff from the States, but you could also get stuff

1040
00:51:50,360 --> 00:51:53,640
Speaker 17: coming in from places like China, Canada other countries where

1041
00:51:53,680 --> 00:51:56,880
Speaker 17: they've been clothed by tariffs and they're a pretty desperate

1042
00:51:56,880 --> 00:51:59,840
Speaker 17: to sell this stuff elsewhere. So there's a lot of

1043
00:52:00,120 --> 00:52:03,000
Speaker 17: mixed influencers in the short term. Longer term, if our

1044
00:52:03,680 --> 00:52:06,239
Speaker 17: exports do get a bit affected, then those sort of

1045
00:52:06,239 --> 00:52:10,120
Speaker 17: more longer capacity related inflation pressures could be a bit

1046
00:52:10,200 --> 00:52:12,080
Speaker 17: damper in the longer term, and the reserve thing is

1047
00:52:12,120 --> 00:52:13,799
Speaker 17: going to be focusing on where are the thing's going

1048
00:52:13,840 --> 00:52:15,839
Speaker 17: to be a year or two from now, not say

1049
00:52:15,880 --> 00:52:16,839
Speaker 17: over the next year.

1050
00:52:17,840 --> 00:52:19,920
Speaker 2: Then there's the I mean, you mentioned imports and potentially

1051
00:52:19,960 --> 00:52:22,279
Speaker 2: importing inflation. But then you look at the price of

1052
00:52:22,320 --> 00:52:25,560
Speaker 2: oil today, you know, and that the fact that opeq

1053
00:52:25,640 --> 00:52:27,240
Speaker 2: plus is cranking up the supply.

1054
00:52:28,719 --> 00:52:30,200
Speaker 17: Yes, and that's the thing that you've got. You've got

1055
00:52:30,239 --> 00:52:32,200
Speaker 17: a lot of lot of influencers.

1056
00:52:31,760 --> 00:52:33,760
Speaker 2: Competing from the competing forces.

1057
00:52:34,400 --> 00:52:37,480
Speaker 17: Yeah, quite exactly, but different timeframes as well. And I

1058
00:52:37,520 --> 00:52:39,319
Speaker 17: think when we're looking at okay, what does this mean

1059
00:52:39,360 --> 00:52:41,879
Speaker 17: for the Reserve Bank. They're trying to keep the lid

1060
00:52:41,880 --> 00:52:46,160
Speaker 17: on inflation. Some of these influences on inflation could be

1061
00:52:46,239 --> 00:52:49,680
Speaker 17: quite short terms. So all price changes, exchange rate impacts,

1062
00:52:50,000 --> 00:52:52,920
Speaker 17: any sort of lifts and import costs in the short

1063
00:52:53,000 --> 00:52:55,960
Speaker 17: term tend to kind of peter out within say about

1064
00:52:55,960 --> 00:52:58,680
Speaker 17: a year, and so it's that those impacts that could

1065
00:52:58,760 --> 00:53:01,600
Speaker 17: linger on, which is more arly if our exports sectors

1066
00:53:01,640 --> 00:53:03,440
Speaker 17: start to feel a bit of pressure and may cut

1067
00:53:03,520 --> 00:53:06,560
Speaker 17: back on spending they don't have the revenue to invest

1068
00:53:07,280 --> 00:53:10,840
Speaker 17: or spend. Influencers from that likely to be the ones

1069
00:53:10,880 --> 00:53:13,040
Speaker 17: of the reserve banks focuses on a lot more and

1070
00:53:13,120 --> 00:53:17,080
Speaker 17: just kind of looks through anything that's a bit shorter term.

1071
00:53:17,360 --> 00:53:19,960
Speaker 2: Nick, thanks for that. Nick Tuffley asb Chief Economists. The

1072
00:53:20,120 --> 00:53:23,319
Speaker 2: ICR announcement of you made next Wednesday, twenty one away

1073
00:53:23,360 --> 00:53:24,160
Speaker 2: from six.

1074
00:53:24,520 --> 00:53:28,480
Speaker 1: The Friday Sports title with New Zealand Southurby's International Realty

1075
00:53:28,680 --> 00:53:32,720
Speaker 1: the ones with world wide connections that perform, not promise.

1076
00:53:39,640 --> 00:53:42,720
Speaker 21: And that is full time in pocket Coey Cheap fifty

1077
00:53:43,400 --> 00:53:45,160
Speaker 21: Mawana thirty.

1078
00:53:44,800 --> 00:53:49,080
Speaker 22: Five, Gilbert Kicking the Penalty picks up the bonus point

1079
00:53:49,360 --> 00:53:51,839
Speaker 22: and it is the Reds who win by twenty nine

1080
00:53:52,200 --> 00:53:53,360
Speaker 22: to twenty.

1081
00:53:52,920 --> 00:53:56,120
Speaker 23: Three fifty six thirty six.

1082
00:53:56,880 --> 00:53:59,799
Speaker 2: It's a bonus point win for the.

1083
00:54:01,400 --> 00:54:04,640
Speaker 1: Thing that goes, and it's gonna be the take thirty

1084
00:54:04,719 --> 00:54:06,960
Speaker 1: two points flu thirty one.

1085
00:54:06,840 --> 00:54:11,439
Speaker 2: Point, twenty to six. News Talks. There'd be terrible week

1086
00:54:11,480 --> 00:54:13,480
Speaker 2: for poor old Liam Lawson, but it's going to be

1087
00:54:13,520 --> 00:54:16,239
Speaker 2: a great weekend, a super rugby Clay Wilson News Talks.

1088
00:54:16,239 --> 00:54:18,560
Speaker 2: There be Sports News director with us and Nicky Styrus

1089
00:54:18,800 --> 00:54:21,720
Speaker 2: Sports Journal. It's good evening, guys, evening, right, good evening

1090
00:54:22,080 --> 00:54:26,000
Speaker 2: here for a Friday. Nicky, let's start with you. And

1091
00:54:26,400 --> 00:54:30,840
Speaker 2: Liam Lawson obviously got the boot demoted and it's to

1092
00:54:30,960 --> 00:54:35,919
Speaker 2: protect his mental health. Kristin Horner making this move. And

1093
00:54:35,960 --> 00:54:39,200
Speaker 2: then we're not quite sure what Max and Steffen thinks

1094
00:54:39,200 --> 00:54:41,359
Speaker 2: about this. He's liked a post and then he says

1095
00:54:41,360 --> 00:54:42,920
Speaker 2: he stands by the liking of the post, but we

1096
00:54:42,960 --> 00:54:45,080
Speaker 2: don't know what the post means. What do you think

1097
00:54:45,120 --> 00:54:45,800
Speaker 2: about it? NICKI?

1098
00:54:47,320 --> 00:54:49,560
Speaker 24: I have been in debate with my husband all week

1099
00:54:49,600 --> 00:54:52,600
Speaker 24: about this, So I guess it's whether you believe that

1100
00:54:52,680 --> 00:54:54,800
Speaker 24: Lawson should have been in that seat in the first place.

1101
00:54:54,840 --> 00:54:58,759
Speaker 24: He doesn't, and so his argument is now he is

1102
00:54:58,800 --> 00:55:02,120
Speaker 24: saving his mental health because you know, this will actually

1103
00:55:02,280 --> 00:55:03,880
Speaker 24: for a driver that shouldn't have been there in the

1104
00:55:03,880 --> 00:55:06,239
Speaker 24: first place. This is actually going to save from any

1105
00:55:06,239 --> 00:55:09,560
Speaker 24: further embarrassment or any further confidence lost, given that he

1106
00:55:09,719 --> 00:55:12,840
Speaker 24: was last in both the Formula ones that he raced,

1107
00:55:12,840 --> 00:55:15,480
Speaker 24: and I, on the other hand, seat quite differently. I

1108
00:55:15,520 --> 00:55:18,200
Speaker 24: think that the way he's been treated has been has

1109
00:55:18,320 --> 00:55:22,759
Speaker 24: been ruthless and unceremoniously dumped after two races. You could

1110
00:55:22,840 --> 00:55:26,520
Speaker 24: argue that that's where the confidence was destroyed and his

1111
00:55:26,600 --> 00:55:29,440
Speaker 24: mental health took a big dive. But you know, it

1112
00:55:29,520 --> 00:55:31,800
Speaker 24: is professional sport and Formula one is the peak of

1113
00:55:31,840 --> 00:55:35,400
Speaker 24: the peak and they don't take any prisoners. They're not kind,

1114
00:55:35,560 --> 00:55:38,560
Speaker 24: and you know, it will be very interesting to see

1115
00:55:38,920 --> 00:55:42,600
Speaker 24: how Liam Lawson backs up from this. And interestingly you'll

1116
00:55:42,640 --> 00:55:45,560
Speaker 24: probably know this too, Ryan, because you're such a sports follower.

1117
00:55:46,080 --> 00:55:54,640
Speaker 4: That's why I invite you on. I know, I know

1118
00:55:54,800 --> 00:55:55,480
Speaker 4: because you like me.

1119
00:55:56,680 --> 00:55:59,680
Speaker 24: Because in the practice that they've just literally had at

1120
00:55:59,680 --> 00:56:01,600
Speaker 24: the JAB and he's gone prier, he's come in thirtenghs

1121
00:56:01,640 --> 00:56:04,239
Speaker 24: on the first practice, which is not embarrassing, it's not

1122
00:56:04,320 --> 00:56:06,160
Speaker 24: great it's not bad.

1123
00:56:06,320 --> 00:56:11,000
Speaker 4: Yuki Sonoda sixth. So that's a little bit telling. So

1124
00:56:11,080 --> 00:56:11,880
Speaker 4: we shall see.

1125
00:56:12,200 --> 00:56:14,800
Speaker 2: But you've got to wonder, Oh, I know the pressure

1126
00:56:14,840 --> 00:56:18,520
Speaker 2: is off in terms of the premium category, but it's

1127
00:56:18,560 --> 00:56:21,560
Speaker 2: still going to be a lot of you know, come

1128
00:56:21,600 --> 00:56:23,520
Speaker 2: down from that. There's he's still going to be feeling

1129
00:56:23,520 --> 00:56:24,400
Speaker 2: a lot of pressure. Claim.

1130
00:56:24,520 --> 00:56:26,320
Speaker 22: Yeah, I think the thing is with this, the logic

1131
00:56:26,360 --> 00:56:29,120
Speaker 22: adds up from Red Bull, Right, he's a young driver

1132
00:56:29,280 --> 00:56:32,000
Speaker 22: under immense pressure. Let's take him out of that pressure

1133
00:56:32,040 --> 00:56:34,200
Speaker 22: and put him back in the second team to take

1134
00:56:34,239 --> 00:56:36,440
Speaker 22: some of that off him. The reality isn't Formula one.

1135
00:56:36,440 --> 00:56:39,080
Speaker 22: It doesn't actually come off. There's always someone hot on

1136
00:56:39,160 --> 00:56:42,200
Speaker 22: your heels, whatever team you're in, and Red Bull have

1137
00:56:42,400 --> 00:56:45,600
Speaker 22: history on more than one occasion of this, and to me,

1138
00:56:46,440 --> 00:56:48,600
Speaker 22: while the logic may add up, it's kind of a

1139
00:56:48,600 --> 00:56:51,640
Speaker 22: cop out for Red Bull making the perhaps making what

1140
00:56:51,680 --> 00:56:53,960
Speaker 22: they now see was the wrong decision in the first place.

1141
00:56:54,160 --> 00:56:57,040
Speaker 22: You have Christian Orner on TV just now after that

1142
00:56:57,080 --> 00:56:59,759
Speaker 22: first practice in Japan saying, well, well, Yuk, he's got

1143
00:56:59,800 --> 00:57:01,920
Speaker 22: more experience, he'll be able to deal with the car

1144
00:57:01,960 --> 00:57:04,839
Speaker 22: and you know, accumulate points for the team. These are

1145
00:57:04,840 --> 00:57:07,239
Speaker 22: all things that Red Bull knew at the time when

1146
00:57:07,280 --> 00:57:10,080
Speaker 22: they made the decision between Yuki and Liam. So to me,

1147
00:57:10,160 --> 00:57:12,279
Speaker 22: the mental health part of it is a bit of

1148
00:57:12,280 --> 00:57:14,759
Speaker 22: a cop out, and Red Bull have been looking and

1149
00:57:14,800 --> 00:57:19,400
Speaker 22: scrambling for excuses for their own stuff ups essentially over

1150
00:57:19,480 --> 00:57:21,240
Speaker 22: the past weeks since this came out, and.

1151
00:57:21,160 --> 00:57:23,600
Speaker 2: To use the mental health one, Nikki, it sort of

1152
00:57:23,680 --> 00:57:26,800
Speaker 2: undermines him because Liam has not said anything. You know,

1153
00:57:27,160 --> 00:57:29,320
Speaker 2: how are we to know that he's not just stoic

1154
00:57:29,520 --> 00:57:34,080
Speaker 2: and getting on with the job. It almost undermines him

1155
00:57:34,120 --> 00:57:35,480
Speaker 2: a little bit to come out and say, oh, well,

1156
00:57:35,680 --> 00:57:37,280
Speaker 2: you know, he basically couldn't hack the pace.

1157
00:57:38,240 --> 00:57:41,360
Speaker 24: Yeah. No, look, I completely agree that it's a cop out.

1158
00:57:41,400 --> 00:57:44,800
Speaker 24: It's Red Bull scrambling to save face. Perhaps made a

1159
00:57:44,800 --> 00:57:47,040
Speaker 24: decision a little bit rash, and now they're scramming to

1160
00:57:47,040 --> 00:57:48,800
Speaker 24: make it. It looked good from their point of view,

1161
00:57:48,880 --> 00:57:51,640
Speaker 24: but they, as you said, they have a history of this.

1162
00:57:51,880 --> 00:57:53,920
Speaker 24: And you know, I take my hat off to Liam.

1163
00:57:53,960 --> 00:57:58,240
Speaker 24: He has acted amazing through this whole process. He's held

1164
00:57:58,280 --> 00:58:00,280
Speaker 24: his chin high. He said, I'm ready to get on

1165
00:58:00,360 --> 00:58:03,360
Speaker 24: with it, and you know, so I think that's very

1166
00:58:03,440 --> 00:58:05,680
Speaker 24: admirable for a young man who's twenty three years old

1167
00:58:05,880 --> 00:58:08,000
Speaker 24: and as you say, under immense pressure.

1168
00:58:08,080 --> 00:58:10,880
Speaker 2: Yeah. He Here, four of the top six Super Rugby

1169
00:58:10,880 --> 00:58:14,840
Speaker 2: sides are from Australia. Clay Wilson and Nicky Styrus on this.

1170
00:58:14,880 --> 00:58:18,760
Speaker 1: Next the Friday Sports Title with New Zealand South of

1171
00:58:18,800 --> 00:58:23,840
Speaker 1: East International Reality achieved extraordinary results with unparallel.

1172
00:58:23,240 --> 00:58:26,800
Speaker 2: Reach thirteen to six. Clay Wilson and Nicki Styrus on

1173
00:58:26,840 --> 00:58:29,400
Speaker 2: the sports Hitdle Tonight for your Friday. So four of

1174
00:58:29,440 --> 00:58:32,760
Speaker 2: the top six Super Rugby sides are from Australia. We're

1175
00:58:32,800 --> 00:58:35,560
Speaker 2: halfway through the season, Clay, what's going on?

1176
00:58:36,040 --> 00:58:38,360
Speaker 22: Well, I've done my research on this. I've spoken to

1177
00:58:38,400 --> 00:58:40,400
Speaker 22: our voice of Rugby here at news Talks here, b

1178
00:58:40,520 --> 00:58:44,600
Speaker 22: Elliott Smith, because my suspicion when I saw this topic

1179
00:58:44,960 --> 00:58:49,080
Speaker 22: was that there's Australian teams wild better this season have

1180
00:58:49,240 --> 00:58:52,040
Speaker 22: not played a lot of New Zealand teams and that

1181
00:58:52,120 --> 00:58:54,200
Speaker 22: is in fact the case. I don't have the exact numbers,

1182
00:58:54,240 --> 00:58:56,560
Speaker 22: but I think it's this weekend we're going to see

1183
00:58:56,560 --> 00:58:58,640
Speaker 22: a few more Trans Tasman games and then over the

1184
00:58:58,640 --> 00:59:00,960
Speaker 22: coming weeks a few more games. But I think it's

1185
00:59:01,040 --> 00:59:04,840
Speaker 22: clear in saying that that Australia having one less team

1186
00:59:04,880 --> 00:59:08,439
Speaker 22: of course, the demise of the Melbourne Rebels has has

1187
00:59:09,400 --> 00:59:13,400
Speaker 22: pulled that talent into less teams, right, so these teams

1188
00:59:13,400 --> 00:59:16,160
Speaker 22: have clearly to me already shown that they've got stronger

1189
00:59:16,600 --> 00:59:18,960
Speaker 22: because these less teams in Australia. We were saying for

1190
00:59:19,000 --> 00:59:21,200
Speaker 22: so long how there were too many teams in Australia.

1191
00:59:21,280 --> 00:59:23,720
Speaker 22: So perhaps this is a and I think it's a

1192
00:59:23,720 --> 00:59:25,720
Speaker 22: good sign for the competition. I mean, we never want to,

1193
00:59:26,040 --> 00:59:29,480
Speaker 22: you know, obviously lose to our trans Tasman mates across there,

1194
00:59:29,520 --> 00:59:32,560
Speaker 22: but the competition has been compelling and part of that

1195
00:59:32,640 --> 00:59:35,960
Speaker 22: has been that the Australian teams have been way more competitive.

1196
00:59:35,960 --> 00:59:38,680
Speaker 22: The Reds are leading the competition, so to me this

1197
00:59:38,800 --> 00:59:41,160
Speaker 22: is only a good thing. Let's see how they go

1198
00:59:41,200 --> 00:59:43,360
Speaker 22: when they face them some more New Zealand sides. But

1199
00:59:43,480 --> 00:59:45,400
Speaker 22: so far I think it's a great thing for the competition.

1200
00:59:45,920 --> 00:59:47,680
Speaker 18: NICKI yeah, I have.

1201
00:59:47,640 --> 00:59:49,240
Speaker 24: To agree on it being a good thing for the

1202
00:59:49,240 --> 00:59:53,080
Speaker 24: competition because nobody wants a weak tournament. And let's face it,

1203
00:59:53,160 --> 00:59:55,440
Speaker 24: Super rugby and rugby in general as a product has

1204
00:59:55,480 --> 01:00:00,360
Speaker 24: definitely got its challenges at the moment. The thing that

1205
01:00:00,400 --> 01:00:03,680
Speaker 24: I think of Super rugby, and I am an NRL

1206
01:00:03,760 --> 01:00:05,920
Speaker 24: follower through and through, So for me to sit down

1207
01:00:05,960 --> 01:00:08,840
Speaker 24: and watch a super rugby game has got less and less,

1208
01:00:08,880 --> 01:00:12,360
Speaker 24: which is a little bit sad, but it is. I

1209
01:00:12,400 --> 01:00:15,360
Speaker 24: see it as a developmental feeder for the All Blacks.

1210
01:00:15,600 --> 01:00:17,840
Speaker 24: It is a chance for them, you know, the young

1211
01:00:17,880 --> 01:00:20,000
Speaker 24: people to make their way through the next wave of

1212
01:00:20,040 --> 01:00:21,600
Speaker 24: All Blacks that are going to go on and win

1213
01:00:21,640 --> 01:00:24,640
Speaker 24: a World Cup. At the moment, we are what twenty

1214
01:00:24,720 --> 01:00:27,360
Speaker 24: twenty seven away from a World Cup, so it's still

1215
01:00:27,360 --> 01:00:28,720
Speaker 24: in its development.

1216
01:00:28,280 --> 01:00:32,360
Speaker 4: Stages, so I sort of see that as actually a positive.

1217
01:00:32,560 --> 01:00:36,000
Speaker 24: It's a chance for people to try their hand, we

1218
01:00:36,040 --> 01:00:38,840
Speaker 24: can see where we're at, we can develop players for

1219
01:00:38,880 --> 01:00:41,760
Speaker 24: that next wave. So you know, there is definitely some

1220
01:00:41,800 --> 01:00:44,680
Speaker 24: positive signs there. And I think for rugby as a product,

1221
01:00:44,720 --> 01:00:48,800
Speaker 24: you need to have strong competition. So yeah, the diluting

1222
01:00:48,840 --> 01:00:51,480
Speaker 24: down of those Australian teams is definitely a bad thing.

1223
01:00:51,480 --> 01:00:54,040
Speaker 4: And now it's been more concentrated, which is definitely a

1224
01:00:54,040 --> 01:00:54,560
Speaker 4: better thing.

1225
01:00:54,840 --> 01:00:59,680
Speaker 24: But however, I do think rugby itself still has immense

1226
01:00:59,720 --> 01:01:03,640
Speaker 24: channel is to overcome and I guess maybe leading into

1227
01:01:03,680 --> 01:01:05,800
Speaker 24: one of your questions, Ryan, was you know in the

1228
01:01:05,880 --> 01:01:08,160
Speaker 24: hurricanes is probably a really good example of that.

1229
01:01:08,440 --> 01:01:11,200
Speaker 2: Oh, they're financial problems. Yeah, I was actually going to

1230
01:01:11,240 --> 01:01:14,040
Speaker 2: avoid that one because it's, oh yeah, what I wanted

1231
01:01:14,080 --> 01:01:16,440
Speaker 2: to do. I wanted to not avoid it for any

1232
01:01:16,440 --> 01:01:18,560
Speaker 2: particular reason other than I wanted to talk about the

1233
01:01:18,600 --> 01:01:20,160
Speaker 2: America's Cup, because.

1234
01:01:20,000 --> 01:01:21,920
Speaker 4: Let's do that. Then I love the America's Cup?

1235
01:01:22,280 --> 01:01:24,840
Speaker 2: Or do you so? Because I think you've only got

1236
01:01:24,880 --> 01:01:27,600
Speaker 2: so much money to throw around. Seventy five million dollars

1237
01:01:27,680 --> 01:01:30,280
Speaker 2: is a lot of money. It's it's more than ten

1238
01:01:30,440 --> 01:01:36,040
Speaker 2: it's probably about fifteen thousand elective surgeries. And I know,

1239
01:01:36,120 --> 01:01:38,320
Speaker 2: you know, anyone who's had their hip done, for example,

1240
01:01:38,360 --> 01:01:41,920
Speaker 2: their need done, not looking at anyway, not looking at

1241
01:01:41,920 --> 01:01:46,720
Speaker 2: it if any of us. But you know it's an

1242
01:01:46,760 --> 01:01:49,760
Speaker 2: important thing and it has benefits too, So why should

1243
01:01:49,800 --> 01:01:51,240
Speaker 2: we fund the America's Cup? Nikki.

1244
01:01:53,360 --> 01:01:56,200
Speaker 4: Look, it's an age old debate, isn't it.

1245
01:01:56,280 --> 01:01:59,480
Speaker 24: Because you want to see tangible returns, you actually want

1246
01:01:59,520 --> 01:02:02,840
Speaker 24: to go. We gained this many people come in, we

1247
01:02:02,920 --> 01:02:04,680
Speaker 24: got this many jobs out of it, We got all

1248
01:02:04,720 --> 01:02:07,800
Speaker 24: these super yachts came in, we got all this profiling

1249
01:02:07,840 --> 01:02:10,440
Speaker 24: for our new zine, you know, New Zealand Marine innovation

1250
01:02:10,560 --> 01:02:13,680
Speaker 24: and technology. But they're not tangible things. And I think

1251
01:02:13,680 --> 01:02:16,800
Speaker 24: The problem is when you've got a country that is

1252
01:02:16,880 --> 01:02:19,120
Speaker 24: struggling to put food on the table and a health

1253
01:02:19,120 --> 01:02:22,640
Speaker 24: system that's struggling, in an education system that's struggling and

1254
01:02:22,720 --> 01:02:27,240
Speaker 24: competing for every government dollar, it's a really bad optic

1255
01:02:27,400 --> 01:02:29,400
Speaker 24: for the government to turn around and say, look, we're

1256
01:02:29,400 --> 01:02:32,240
Speaker 24: going to give seventy five million dollars to an America's

1257
01:02:32,280 --> 01:02:35,600
Speaker 24: Cup syndicate. So I can see why they don't do it.

1258
01:02:36,160 --> 01:02:40,040
Speaker 24: I personally think it's shortsighted. I think the actual boast

1259
01:02:40,480 --> 01:02:44,200
Speaker 24: or boost of the economy is bigger than probably what

1260
01:02:44,360 --> 01:02:48,040
Speaker 24: the government has realized, and that did show in Barcelona.

1261
01:02:48,480 --> 01:02:51,520
Speaker 24: You know, they've talked about generations of one point nine

1262
01:02:51,640 --> 01:02:55,080
Speaker 24: nine billion dollars in positive impacts on the economy, one

1263
01:02:55,160 --> 01:02:58,240
Speaker 24: point eight million dollars visitors in fifty nine days, and

1264
01:02:58,600 --> 01:03:00,480
Speaker 24: it goes on. So it depends how you want to

1265
01:03:00,520 --> 01:03:00,920
Speaker 24: measure it.

1266
01:03:01,160 --> 01:03:03,920
Speaker 2: Clay, what's your thought on this, because otherwise you end

1267
01:03:03,960 --> 01:03:06,400
Speaker 2: up with I suppose you know Saudi ra I mean,

1268
01:03:06,440 --> 01:03:08,800
Speaker 2: I don't know who's who's interested in this kind of stuff.

1269
01:03:08,840 --> 01:03:11,440
Speaker 22: Well, apparently Greece have come on to the market and

1270
01:03:11,520 --> 01:03:13,320
Speaker 22: Italy are the other big player. They are the two

1271
01:03:13,400 --> 01:03:16,000
Speaker 22: front runners for the next one of Saudi Arabia are involved.

1272
01:03:16,080 --> 01:03:20,640
Speaker 22: But yeah, it's such a there's so much balance that

1273
01:03:20,680 --> 01:03:22,680
Speaker 22: comes to this with with both sides. If it isn't there,

1274
01:03:22,720 --> 01:03:25,400
Speaker 22: Like you say, the spending of money that can be

1275
01:03:26,360 --> 01:03:29,080
Speaker 22: you know, some would say much better spent on other things,

1276
01:03:29,400 --> 01:03:32,640
Speaker 22: but then it's money you spend for potential benefit coming

1277
01:03:32,680 --> 01:03:33,560
Speaker 22: back into the country.

1278
01:03:33,720 --> 01:03:33,880
Speaker 2: You know.

1279
01:03:33,960 --> 01:03:35,880
Speaker 22: If you look at what Nikki said about what it

1280
01:03:35,880 --> 01:03:39,400
Speaker 22: did in the last America's Cup over there, that's you know,

1281
01:03:39,480 --> 01:03:41,120
Speaker 22: you've got to say, wow, that's a lot of money.

1282
01:03:41,160 --> 01:03:44,440
Speaker 22: Could we be benefiting from that? But to me, it's optics.

1283
01:03:44,840 --> 01:03:47,120
Speaker 22: A lot of this in terms of politics. I look

1284
01:03:47,120 --> 01:03:49,200
Speaker 22: at the Eden Park debate, not that I want to

1285
01:03:49,240 --> 01:03:52,080
Speaker 22: talk any more about the whole Auckland stadium situation.

1286
01:03:51,800 --> 01:03:53,120
Speaker 2: But it's the same thing, isn't it.

1287
01:03:53,120 --> 01:03:54,640
Speaker 22: But it's the same thing. I feel like with the

1288
01:03:54,680 --> 01:03:57,960
Speaker 22: Auckland Council. You know, if they really looked at it,

1289
01:03:58,000 --> 01:04:00,840
Speaker 22: they might see that investment in a big stadium, you know,

1290
01:04:01,000 --> 01:04:03,240
Speaker 22: down the track that could have great, great benefits for

1291
01:04:03,280 --> 01:04:05,520
Speaker 22: the city. And it's the same with this. The government,

1292
01:04:05,840 --> 01:04:08,840
Speaker 22: while they probably realized the benefits are there, to make

1293
01:04:08,880 --> 01:04:12,520
Speaker 22: that decision politically to give money to the America's Cup

1294
01:04:13,040 --> 01:04:15,400
Speaker 22: won't fall fall in the favor of a lot of

1295
01:04:15,400 --> 01:04:19,000
Speaker 22: taxpayers out there. So I think it's the optic sways

1296
01:04:19,040 --> 01:04:20,880
Speaker 22: into it a lot in terms of the government. Just

1297
01:04:20,920 --> 01:04:22,480
Speaker 22: say nap, we're not going to entertain it.

1298
01:04:22,560 --> 01:04:24,800
Speaker 2: Yeah, yeah, all right, Hey guys, we've got about thirty seconds.

1299
01:04:24,880 --> 01:04:29,120
Speaker 2: Chiefs or Reds tonight, Clay. Oh, it's in Hamilton, so

1300
01:04:29,320 --> 01:04:30,880
Speaker 2: Chiefs all right, Nikki.

1301
01:04:31,200 --> 01:04:33,800
Speaker 4: Yeah, Chiefs because I live with the chief supporter.

1302
01:04:36,120 --> 01:04:37,959
Speaker 2: Very argumentative household at your place.

1303
01:04:38,040 --> 01:04:40,920
Speaker 4: Net Oh yes, yes, he's got to tread very keefully

1304
01:04:40,920 --> 01:04:41,400
Speaker 4: around here.

1305
01:04:42,120 --> 01:04:44,840
Speaker 2: Thicky stars and clavels on the sports huddle for your

1306
01:04:44,840 --> 01:04:47,000
Speaker 2: Friday night. It is seven away from six.

1307
01:04:48,080 --> 01:04:51,600
Speaker 1: It's the Heather Duplessy Alan Drive Full Show podcast on

1308
01:04:51,760 --> 01:04:53,960
Speaker 1: my Ard Radio powered by News Talks.

1309
01:04:53,960 --> 01:04:54,240
Speaker 8: It be.

1310
01:04:56,320 --> 01:04:59,040
Speaker 2: Five to six. News Talks be really interesting numbers on

1311
01:04:59,480 --> 01:05:03,040
Speaker 2: Trump's tariffs and the Pacific. So Fiji's been hit the

1312
01:05:03,080 --> 01:05:08,880
Speaker 2: hardest by Trump's tariffs thirty two percent, Vanuatu gets twenty

1313
01:05:08,920 --> 01:05:12,960
Speaker 2: two percent, and Nauru gets thirty percent. This is actually

1314
01:05:13,000 --> 01:05:15,840
Speaker 2: quite significant for Fiji. I didn't realize this, but the

1315
01:05:16,000 --> 01:05:20,120
Speaker 2: US is their biggest export market for goods. Number one.

1316
01:05:20,240 --> 01:05:23,640
Speaker 2: So it's our China, and that's to do with the water,

1317
01:05:23,720 --> 01:05:26,400
Speaker 2: you know, the Fiji water. So two hundred and fifty

1318
01:05:26,400 --> 01:05:29,440
Speaker 2: three million dollars worth of bottled spring water heading across

1319
01:05:29,480 --> 01:05:32,560
Speaker 2: the Pacific and twenty twenty three to the United States

1320
01:05:33,440 --> 01:05:37,240
Speaker 2: and a thirty two percent tariff to be levied on

1321
01:05:37,280 --> 01:05:43,360
Speaker 2: that by Donald Trump, which is very significant. So well, yeah,

1322
01:05:43,440 --> 01:05:45,760
Speaker 2: I mean, I don't know if anyone's actually looked into

1323
01:05:45,760 --> 01:05:48,440
Speaker 2: that yet, or presumably somebody has, but I didn't quite

1324
01:05:48,480 --> 01:05:50,320
Speaker 2: realize just how significant it would be for some of

1325
01:05:50,320 --> 01:05:54,160
Speaker 2: our Pacific friends. Definitely bad for our Asian trading partners,

1326
01:05:54,160 --> 01:05:57,000
Speaker 2: some of our big Asian trading partners, but also apparently

1327
01:05:57,040 --> 01:06:00,600
Speaker 2: hitting the Pacific quite hard too. And as for North Island,

1328
01:06:01,800 --> 01:06:04,400
Speaker 2: there was apparently some weird calculator, a weird era that

1329
01:06:04,480 --> 01:06:06,880
Speaker 2: happened that meant Norfolk Island was put on the list

1330
01:06:06,920 --> 01:06:08,280
Speaker 2: and shouldn't have been. I'll tell you about that a

1331
01:06:08,320 --> 01:06:11,520
Speaker 2: little bit later on. The tourists who are heading to

1332
01:06:11,840 --> 01:06:17,280
Speaker 2: uninhabited islands with the you know, like Sentinel Island where

1333
01:06:17,280 --> 01:06:21,360
Speaker 2: you've got those uncontacted tribes, that's becoming a big problem.

1334
01:06:21,400 --> 01:06:23,000
Speaker 2: I'll tell you about that too. And we'll get into

1335
01:06:23,000 --> 01:06:24,000
Speaker 2: the business out next.

1336
01:06:34,720 --> 01:06:44,240
Speaker 3: Hello, What's up? What's down? One? Were the major calls

1337
01:06:44,720 --> 01:06:46,480
Speaker 3: and how will it affect the economy?

1338
01:06:46,800 --> 01:06:51,280
Speaker 1: The big business questions on the Business Hour with Ryan Bridge.

1339
01:06:51,400 --> 01:06:55,520
Speaker 1: Can't mass insurance and investments grow your wealth to protect

1340
01:06:55,520 --> 01:06:56,040
Speaker 1: your future?

1341
01:06:56,360 --> 01:06:57,240
Speaker 3: News Talks that be.

1342
01:06:57,920 --> 01:07:00,000
Speaker 2: Should even think it is seven after six News Talk,

1343
01:07:00,080 --> 01:07:02,280
Speaker 2: they'd be on your Friday evening coming up baza on

1344
01:07:02,320 --> 01:07:04,920
Speaker 2: the week that was. In politics, Peter Lewis has the

1345
01:07:05,000 --> 01:07:09,520
Speaker 2: numbers from some Asian powerhouses. This is following the news

1346
01:07:09,560 --> 01:07:12,280
Speaker 2: from Trump that the tariffs are coming and also their

1347
01:07:12,280 --> 01:07:14,560
Speaker 2: stocks are still sliding. Gavin Grays and the UK later

1348
01:07:14,600 --> 01:07:17,240
Speaker 2: on too right. We've got an update for you now

1349
01:07:17,280 --> 01:07:20,600
Speaker 2: on the story of the Juicy Fest and Timeless Summer

1350
01:07:20,720 --> 01:07:23,360
Speaker 2: Tour liquidation. You remember this, It was in the news.

1351
01:07:23,360 --> 01:07:27,800
Speaker 2: The promoter for these gigs canceled the events and went bust.

1352
01:07:28,080 --> 01:07:31,240
Speaker 2: The company owes two point four million dollars to creditors.

1353
01:07:31,440 --> 01:07:34,400
Speaker 2: Thousands of ticket holders still not got any refund. Some

1354
01:07:34,440 --> 01:07:37,240
Speaker 2: people paid if you got the VIP package, paid more

1355
01:07:37,240 --> 01:07:41,000
Speaker 2: than three hundred dollars per person, so potentially, you know,

1356
01:07:41,160 --> 01:07:45,080
Speaker 2: thousands of dollars for a household. The ticketing company some

1357
01:07:45,160 --> 01:07:47,480
Speaker 2: of these for some of these events is called the

1358
01:07:47,520 --> 01:07:50,520
Speaker 2: ticket Ferry, and the ticket Fery teams say that since

1359
01:07:50,560 --> 01:07:55,280
Speaker 2: the liquidation, they and their families have been receiving online abuse,

1360
01:07:55,360 --> 01:07:59,960
Speaker 2: even racial hatred from kiwis who missed out. Ritesh Patel

1361
01:08:00,200 --> 01:08:02,160
Speaker 2: is the CEO of the Ticket Theory, joining us from

1362
01:08:02,200 --> 01:08:04,160
Speaker 2: the US British. Good to have you on the show,

1363
01:08:05,080 --> 01:08:07,440
Speaker 2: A nice to be here, so just give us an idea.

1364
01:08:07,600 --> 01:08:10,640
Speaker 2: You guys basically collect the money for the tickets and

1365
01:08:10,680 --> 01:08:12,680
Speaker 2: then hand it on to the promoters. Is that right?

1366
01:08:13,760 --> 01:08:17,600
Speaker 23: That's actually not right. No, So we act as the

1367
01:08:17,600 --> 01:08:23,800
Speaker 23: technology provider, and the vast majority of larger events in

1368
01:08:24,200 --> 01:08:27,920
Speaker 23: New Zealand connect their own merchant accounts into the system.

1369
01:08:28,000 --> 01:08:30,680
Speaker 23: So they use the software that we provide, but they

1370
01:08:31,240 --> 01:08:33,799
Speaker 23: connect their own merchant accounts and it's quite a common

1371
01:08:33,960 --> 01:08:36,960
Speaker 23: practice across most platforms.

1372
01:08:36,520 --> 01:08:40,840
Speaker 2: Actually, So you're just the interface absolutely, but you've been

1373
01:08:40,880 --> 01:08:42,479
Speaker 2: getting abuse. What sort of abuse?

1374
01:08:43,360 --> 01:08:48,599
Speaker 23: It's been pretty broad actually, I mean the I think

1375
01:08:48,640 --> 01:08:52,400
Speaker 23: the thing that the one that's been very interesting is

1376
01:08:52,439 --> 01:08:55,360
Speaker 23: people think that where the company actually running the show

1377
01:08:55,960 --> 01:09:01,080
Speaker 23: or the shows, and I think that like maybe because

1378
01:09:01,120 --> 01:09:03,920
Speaker 23: Timeless was a new brand, it's not a new promoter,

1379
01:09:04,000 --> 01:09:06,280
Speaker 23: but it's a new brand. It was something new that

1380
01:09:06,280 --> 01:09:08,559
Speaker 23: they launched because they wanted to do something that was

1381
01:09:08,680 --> 01:09:10,880
Speaker 23: kind of retro on the music side, so they called

1382
01:09:10,880 --> 01:09:14,400
Speaker 23: it Timeless. Maybe people hadn't been familiar with that before,

1383
01:09:16,240 --> 01:09:17,840
Speaker 23: and also the Timeless shows were a bit of an

1384
01:09:17,840 --> 01:09:20,800
Speaker 23: older crowd, so maybe they weren't also familiar with our brand.

1385
01:09:20,840 --> 01:09:24,840
Speaker 23: So maybe they just thought that the website and the

1386
01:09:24,880 --> 01:09:27,639
Speaker 23: promoter with the same people. But that's definitely not the case.

1387
01:09:28,080 --> 01:09:31,400
Speaker 23: But we had a lot of people basically think that

1388
01:09:31,439 --> 01:09:34,320
Speaker 23: we were the ones running the show and that we'd

1389
01:09:34,360 --> 01:09:37,360
Speaker 23: stolen everyone's money, which which is sort of saddening because

1390
01:09:37,360 --> 01:09:40,320
Speaker 23: we've been in We've been around as a platform for

1391
01:09:40,880 --> 01:09:43,960
Speaker 23: well over a decade and worked with some of the biggest,

1392
01:09:44,240 --> 01:09:47,599
Speaker 23: biggest events in New Zealand, and it was a bit

1393
01:09:47,640 --> 01:09:49,800
Speaker 23: weird to be told that or for people to claim

1394
01:09:49,840 --> 01:09:50,799
Speaker 23: that we were actually the promoter.

1395
01:09:51,160 --> 01:09:53,799
Speaker 2: I think the confusion might have come because in ticketic

1396
01:09:53,840 --> 01:09:55,400
Speaker 2: here in New Zealand, like they did the tickets for

1397
01:09:55,439 --> 01:09:58,720
Speaker 2: the time this summer New Plymouth show and they refunded

1398
01:09:58,720 --> 01:10:01,000
Speaker 2: all the ticket holders even though the promoter went bus

1399
01:10:01,120 --> 01:10:03,959
Speaker 2: because they held the money. I mean, that's the difference

1400
01:10:04,000 --> 01:10:06,720
Speaker 2: between you two. Did you tell people you weren't going

1401
01:10:06,760 --> 01:10:08,800
Speaker 2: to hold their money when they paid you? And is

1402
01:10:08,880 --> 01:10:10,560
Speaker 2: do you have to hold their money? Is there a

1403
01:10:10,680 --> 01:10:14,519
Speaker 2: legal requirement or clearly not so during.

1404
01:10:14,360 --> 01:10:17,960
Speaker 23: The checkoutp process were actually really clear. So if there's

1405
01:10:18,000 --> 01:10:21,799
Speaker 23: there's two scenarios. So when a venue or a promoter

1406
01:10:22,000 --> 01:10:26,040
Speaker 23: uses the technology, they have a choice of either using

1407
01:10:26,040 --> 01:10:28,280
Speaker 23: their merchant account or using ours. If they use ours,

1408
01:10:28,280 --> 01:10:32,000
Speaker 23: we actually do hold all funds and don't pay until

1409
01:10:32,000 --> 01:10:35,760
Speaker 23: after the show. If they the bigger shows, they tend

1410
01:10:35,840 --> 01:10:37,960
Speaker 23: to use their own merchant accounts and then they have

1411
01:10:38,000 --> 01:10:40,320
Speaker 23: to go through onboarding with the with what with the

1412
01:10:40,320 --> 01:10:43,240
Speaker 23: payment processor and go through ye know, they know your

1413
01:10:43,280 --> 01:10:46,800
Speaker 23: business processes for the payment processor and that's what most

1414
01:10:46,880 --> 01:10:48,920
Speaker 23: of the big promoters in New Zealand do.

1415
01:10:49,200 --> 01:10:51,960
Speaker 2: Because the money then they want the money straight away

1416
01:10:51,960 --> 01:10:54,240
Speaker 2: to be able to use that presumably.

1417
01:10:53,720 --> 01:10:55,960
Speaker 23: And they also take on the risk. Yeah, but what

1418
01:10:55,960 --> 01:10:59,080
Speaker 23: what when that happens? And in that scenario during the

1419
01:10:59,160 --> 01:11:02,160
Speaker 23: checkout process on the payment form, we actually show that

1420
01:11:02,320 --> 01:11:06,320
Speaker 23: very clearly that the payment's been taken by the promoter,

1421
01:11:07,120 --> 01:11:10,439
Speaker 23: the refund terms of THEIRS and that also is in

1422
01:11:10,479 --> 01:11:11,400
Speaker 23: the confirmation email.

1423
01:11:12,040 --> 01:11:16,040
Speaker 2: Do you obviously you regret partnering with these guys, but

1424
01:11:16,400 --> 01:11:19,679
Speaker 2: do you check them out before you partner with them? Yeah?

1425
01:11:19,720 --> 01:11:23,200
Speaker 23: Absolutely, absolutely, And the there's a second level of diligence

1426
01:11:23,240 --> 01:11:25,840
Speaker 23: that happens with the payment processor as well to make

1427
01:11:25,880 --> 01:11:27,839
Speaker 23: sure and they have to put all their business information,

1428
01:11:27,960 --> 01:11:31,880
Speaker 23: they have to upload their incorporation documents, so there's two

1429
01:11:31,960 --> 01:11:32,759
Speaker 23: levels of checks.

1430
01:11:32,840 --> 01:11:35,360
Speaker 2: Absolutely, right. Does this put you off doing stuff with

1431
01:11:35,439 --> 01:11:38,439
Speaker 2: New Zealand promoters or was this just a one off

1432
01:11:38,800 --> 01:11:39,680
Speaker 2: bedig No.

1433
01:11:39,800 --> 01:11:42,920
Speaker 23: I mean, look, we've we've sold we've still hundreds of

1434
01:11:42,920 --> 01:11:47,240
Speaker 23: millions of dollars a tickets. I would estimate a couple

1435
01:11:47,320 --> 01:11:50,000
Speaker 23: hundred million dollars in New Zealand. So it's a market

1436
01:11:50,040 --> 01:11:52,679
Speaker 23: that we really love. We have a team on the ground.

1437
01:11:53,200 --> 01:11:55,040
Speaker 23: You know, we've been we've been in using for a

1438
01:11:55,160 --> 01:12:00,240
Speaker 23: very long time. It's actually, i would say in our

1439
01:12:00,280 --> 01:12:04,559
Speaker 23: top three bigots markets. So nothing, it doesn't put me off.

1440
01:12:05,200 --> 01:12:11,519
Speaker 23: But we did have obviously, the the misunderstanding of people

1441
01:12:11,520 --> 01:12:14,519
Speaker 23: thinking that we'd actually taken the money and then just

1442
01:12:14,560 --> 01:12:19,280
Speaker 23: given it to the promoter. It is disheartening. I mean

1443
01:12:19,320 --> 01:12:21,040
Speaker 23: the biggest thing is that you know, families who have

1444
01:12:21,400 --> 01:12:23,200
Speaker 23: paid a lot of money for their tickets have not

1445
01:12:23,240 --> 01:12:26,679
Speaker 23: got that money anymore, right, and that's a big shame.

1446
01:12:27,680 --> 01:12:30,920
Speaker 23: Obviously the promoter's not in business right now, but individual

1447
01:12:30,920 --> 01:12:33,800
Speaker 23: families who don't have that cash that that's a big deal.

1448
01:12:33,880 --> 01:12:38,280
Speaker 23: And we we've spent a lot of We put a

1449
01:12:38,280 --> 01:12:40,280
Speaker 23: lot of effort into making sure that fans have been

1450
01:12:40,320 --> 01:12:41,960
Speaker 23: protected over the years. So we were one of the

1451
01:12:42,000 --> 01:12:45,120
Speaker 23: first platforms in the world to have a secure resale system.

1452
01:12:45,560 --> 01:12:47,720
Speaker 23: It stops scalping, it stops who from being ripped off

1453
01:12:47,720 --> 01:12:50,599
Speaker 23: with fake tickets, it stops tickets from being resold above

1454
01:12:50,600 --> 01:12:53,439
Speaker 23: face value. So we've put a lot of effort over

1455
01:12:53,479 --> 01:12:57,320
Speaker 23: the years into making sure that fans are protected, just

1456
01:12:57,360 --> 01:12:58,519
Speaker 23: because we know how important there.

1457
01:12:58,600 --> 01:13:02,439
Speaker 2: Would you consider not of the option for promoters to

1458
01:13:02,479 --> 01:13:05,559
Speaker 2: collect the money directly themselves, so that you are a

1459
01:13:05,600 --> 01:13:07,960
Speaker 2: beckstop for those people who are missing out.

1460
01:13:08,240 --> 01:13:11,160
Speaker 23: Yeah, of course, of course. But what I would say

1461
01:13:11,200 --> 01:13:14,240
Speaker 23: would happen is that most of the promoters in New

1462
01:13:14,320 --> 01:13:17,040
Speaker 23: Zealand would no longer be able to run shows because

1463
01:13:17,080 --> 01:13:20,960
Speaker 23: almost every other platform, apart from say the tickettecs, do

1464
01:13:21,120 --> 01:13:24,120
Speaker 23: offer the ability to connect the promotero merchant account.

1465
01:13:24,320 --> 01:13:25,960
Speaker 2: Right, Why do people go with you and see the

1466
01:13:25,960 --> 01:13:27,639
Speaker 2: ticket ticket to you guys cheaper.

1467
01:13:29,280 --> 01:13:30,080
Speaker 7: No, it's not even that.

1468
01:13:30,160 --> 01:13:32,960
Speaker 23: We've put a lot of work into building technology that

1469
01:13:33,040 --> 01:13:36,280
Speaker 23: helps to drive more sales for the promoter. It helps

1470
01:13:36,280 --> 01:13:39,120
Speaker 23: them with marketing. At the same time, the fans are

1471
01:13:39,120 --> 01:13:42,240
Speaker 23: protected from scalping. You know, there's a closedly resolle system

1472
01:13:42,280 --> 01:13:44,800
Speaker 23: that makes sure that no one gets ripped off, like

1473
01:13:44,840 --> 01:13:48,160
Speaker 23: I was saying before, So we kind of come in

1474
01:13:48,280 --> 01:13:53,439
Speaker 23: as this almost like a marketing layer that allows the

1475
01:13:54,600 --> 01:13:57,680
Speaker 23: ironically de risks the promoter because it helps them to

1476
01:13:57,760 --> 01:13:59,599
Speaker 23: drive more sales and actually give them a better chance

1477
01:13:59,640 --> 01:14:02,160
Speaker 23: of breaking even on their gig. And what happened with

1478
01:14:02,240 --> 01:14:06,800
Speaker 23: Juicy and Timeless is it's very much an unusual event.

1479
01:14:06,840 --> 01:14:08,680
Speaker 23: It's one of the it's actually the first time we've

1480
01:14:08,680 --> 01:14:12,439
Speaker 23: had something like this happen. And they got canceled because

1481
01:14:12,880 --> 01:14:14,920
Speaker 23: their at the very last minute, their permits were not

1482
01:14:14,960 --> 01:14:19,879
Speaker 23: granted for the alcohol and so had that not happened,

1483
01:14:19,920 --> 01:14:22,120
Speaker 23: the shows would have gone ahead. Like so, I think

1484
01:14:22,120 --> 01:14:24,519
Speaker 23: a few people thought that the shows were fake, but

1485
01:14:24,880 --> 01:14:27,680
Speaker 23: as far as we're aware, all of the artists had

1486
01:14:27,680 --> 01:14:31,200
Speaker 23: had their deposits paid and they were they were ready

1487
01:14:31,200 --> 01:14:33,800
Speaker 23: to tour, and Juicy in Australia did actually happen. That

1488
01:14:33,840 --> 01:14:36,640
Speaker 23: went ahead and so the permits not being granted in

1489
01:14:36,640 --> 01:14:39,439
Speaker 23: New Zealand, that's actually what caused the cancelations.

1490
01:14:39,439 --> 01:14:42,320
Speaker 2: Interesting, British, thanks for coming on, British Pateel, who's the

1491
01:14:42,400 --> 01:14:45,880
Speaker 2: CEO and co founder of Ticket Theory, which is quite

1492
01:14:45,880 --> 01:14:50,799
Speaker 2: a popular and oft used ticket platform here in New Zealand.

1493
01:14:50,840 --> 01:14:52,680
Speaker 2: It is a quarter past six News Talks. He'd be

1494
01:14:52,720 --> 01:14:55,559
Speaker 2: there's a story out there about Andrew Hoggard tonight and

1495
01:14:56,080 --> 01:15:00,759
Speaker 2: what or whither he was lobbied by his sister over

1496
01:15:01,240 --> 01:15:03,920
Speaker 2: infant formula. I'll tell you about that shortly, News Talks VB.

1497
01:15:04,160 --> 01:15:05,919
Speaker 2: Very Next, it's.

1498
01:15:05,720 --> 01:15:08,960
Speaker 1: The Heather Duper c Allen Drive Full Show podcast on

1499
01:15:09,120 --> 01:15:11,559
Speaker 1: my Heart Radio, empowered by News Talks EBB.

1500
01:15:12,960 --> 01:15:14,680
Speaker 2: News Talks B. Let's take a look back at the

1501
01:15:14,720 --> 01:15:17,320
Speaker 2: week in politics. I'll get to that Andrew Hoggart story shortly.

1502
01:15:17,360 --> 01:15:20,000
Speaker 2: Eighteen after six. Barry soapas with us Berry, welcome back,

1503
01:15:20,120 --> 01:15:23,679
Speaker 2: hello again, right, so, but of madness at Parliament this week.

1504
01:15:23,720 --> 01:15:27,120
Speaker 2: We've had the tamath of Paul, We've had the Green Well,

1505
01:15:27,160 --> 01:15:30,400
Speaker 2: We've had Benjamin Doyle, We've had the DJ performance at

1506
01:15:30,479 --> 01:15:33,320
Speaker 2: Cooper Duper, you name it. It's all been going on, and.

1507
01:15:33,320 --> 01:15:36,120
Speaker 15: Then you had the Maori Party. I mean, honestly, when

1508
01:15:36,120 --> 01:15:39,360
Speaker 15: you look at Parliament now and this sounds like, you know,

1509
01:15:39,400 --> 01:15:43,479
Speaker 15: it wasn't the same and made but it hasn't been

1510
01:15:43,479 --> 01:15:47,000
Speaker 15: the same. I think since Trevor Millard became the Speaker

1511
01:15:47,040 --> 01:15:51,960
Speaker 15: at Parliament and changed everything. He pretended to the public

1512
01:15:52,000 --> 01:15:55,400
Speaker 15: that he was toughening up and the rules were being changed.

1513
01:15:55,960 --> 01:15:58,519
Speaker 15: People were going to be nicer to each other. You

1514
01:15:58,600 --> 01:16:01,240
Speaker 15: don't have to wear ties and more, you can wear

1515
01:16:01,320 --> 01:16:05,960
Speaker 15: leather jackets, bring bring your baby for breastfeeding at work,

1516
01:16:06,160 --> 01:16:08,680
Speaker 15: and you know, the whole thing, and you can't.

1517
01:16:08,520 --> 01:16:08,920
Speaker 2: Argue with that.

1518
01:16:09,040 --> 01:16:12,559
Speaker 15: I'm in favor of that aspect of it, but it's

1519
01:16:12,600 --> 01:16:16,639
Speaker 15: the general standard of Parliament. I think that suffered greatly

1520
01:16:17,080 --> 01:16:21,320
Speaker 15: and it was highlighted to my mind when they did

1521
01:16:21,400 --> 01:16:25,559
Speaker 15: do that hucker in Parliament and opposition to the Treaty

1522
01:16:25,560 --> 01:16:30,880
Speaker 15: Settlement's Bill. I'd never seen anything like the behavior in

1523
01:16:31,080 --> 01:16:35,160
Speaker 15: more than forty years being in that place. That it

1524
01:16:35,240 --> 01:16:38,880
Speaker 15: was just totally disrespectful and it wasn't just because it

1525
01:16:39,040 --> 01:16:42,400
Speaker 15: interfered with the taking of a vote. I don't think

1526
01:16:42,439 --> 01:16:45,559
Speaker 15: the Maori Party would have a clue whether they weren't

1527
01:16:45,600 --> 01:16:47,960
Speaker 15: meant to do anything because a vote was being taken.

1528
01:16:48,200 --> 01:16:51,639
Speaker 15: They just simply don't understand the rules, and that became

1529
01:16:51,720 --> 01:16:55,240
Speaker 15: clear when they were summoned before the Parliamentary.

1530
01:16:54,560 --> 01:16:58,640
Speaker 2: Privileges committed silly.

1531
01:16:57,240 --> 01:16:59,479
Speaker 7: Little court, you know, and there's silly little rules.

1532
01:16:59,520 --> 01:17:02,000
Speaker 2: But thing barry that or you've got you're making a

1533
01:17:02,040 --> 01:17:05,439
Speaker 2: great point. These guys do not care. They couldn't give

1534
01:17:05,520 --> 01:17:09,360
Speaker 2: a flying about the rules, right, But so what do

1535
01:17:09,400 --> 01:17:11,400
Speaker 2: you do about that? I mean, once you could there

1536
01:17:11,520 --> 01:17:13,880
Speaker 2: was an argument now the day Jerry Brownley lets the

1537
01:17:13,880 --> 01:17:16,200
Speaker 2: little thing slide, and he does it all the time.

1538
01:17:16,760 --> 01:17:19,360
Speaker 2: You know, people break little rules and he doesn't kick

1539
01:17:19,400 --> 01:17:22,640
Speaker 2: them out. So is there a problem of enforcement or

1540
01:17:22,680 --> 01:17:25,360
Speaker 2: do you actually need to change Parliament to reflect the

1541
01:17:25,400 --> 01:17:28,320
Speaker 2: fact that you've got these activist parties in there now

1542
01:17:28,360 --> 01:17:30,799
Speaker 2: who are not necessarily there for the rules.

1543
01:17:30,920 --> 01:17:34,679
Speaker 15: Well, that's right, and they in fact ignore the rules.

1544
01:17:35,120 --> 01:17:38,519
Speaker 15: And as much as Jerry might try and enforce some rule,

1545
01:17:39,120 --> 01:17:42,280
Speaker 15: he doesn't enforce them strictly enough. I mean, not one

1546
01:17:42,360 --> 01:17:45,799
Speaker 15: person has been thrown out of Parliament since Jerry brown

1547
01:17:45,840 --> 01:17:48,320
Speaker 15: he's been the Speaker, and that's most unusual. It is

1548
01:17:48,360 --> 01:17:52,200
Speaker 15: because so many have deserved to get their marching orders

1549
01:17:52,240 --> 01:17:56,040
Speaker 15: from the place. But I think what you'll find is

1550
01:17:56,080 --> 01:18:00,280
Speaker 15: that the Multi Party won't turn up to the Privileges Committee.

1551
01:18:00,640 --> 01:18:04,760
Speaker 15: They'll be then dealt with much more harshly and I

1552
01:18:04,840 --> 01:18:08,439
Speaker 15: hope their pays docked and they're suspended for a while.

1553
01:18:08,479 --> 01:18:11,599
Speaker 15: I mean, it doesn't do us much good, but because

1554
01:18:11,640 --> 01:18:14,840
Speaker 15: they'll be back so they can't throw them out of Parliament.

1555
01:18:15,080 --> 01:18:17,280
Speaker 15: But as far as the Greens go as well, this

1556
01:18:17,920 --> 01:18:22,280
Speaker 15: Benjamin Doyle thing is the way Chloe Swarbrick came out

1557
01:18:22,600 --> 01:18:28,040
Speaker 15: and defended his language, his actions, his profiles, even though

1558
01:18:28,080 --> 01:18:30,800
Speaker 15: it may have been a social profile from before he

1559
01:18:30,880 --> 01:18:34,640
Speaker 15: became an MP. They should have done due diligence on

1560
01:18:34,720 --> 01:18:36,400
Speaker 15: this guy before he took over.

1561
01:18:37,160 --> 01:18:39,960
Speaker 2: Say Darla Darling Tana. I was going to say, wouldn't

1562
01:18:39,960 --> 01:18:42,400
Speaker 2: be the first time. But the MP's down now, the

1563
01:18:42,560 --> 01:18:46,639
Speaker 2: Trump tariff business Barry, we've had all that. Speaking of madness, Well,

1564
01:18:47,200 --> 01:18:49,800
Speaker 2: can you understand I've done my editorial on this for

1565
01:18:49,840 --> 01:18:52,840
Speaker 2: that held on Sunday this week. It's just about the

1566
01:18:52,880 --> 01:18:56,280
Speaker 2: fact that in America that the number of people in

1567
01:18:56,280 --> 01:18:58,920
Speaker 2: the middle class in America's gone from sixty one percent

1568
01:18:59,160 --> 01:19:02,360
Speaker 2: nineteen seventy one to fifty one percent two years ago.

1569
01:19:02,680 --> 01:19:04,759
Speaker 2: So you've got a whole group of people who actually,

1570
01:19:05,080 --> 01:19:07,360
Speaker 2: to them, this is not madness, this is hope.

1571
01:19:07,640 --> 01:19:11,200
Speaker 15: Yeah, but they haven't seen the result of the enact

1572
01:19:11,320 --> 01:19:13,800
Speaker 15: the thing that will enact their hope, and in fact,

1573
01:19:13,880 --> 01:19:16,800
Speaker 15: it'll turn into failure, There's no doubt about it. And

1574
01:19:16,840 --> 01:19:20,720
Speaker 15: you can't impose tariffs and expect your own people to

1575
01:19:20,800 --> 01:19:23,000
Speaker 15: be bear off. If he is doing it over a

1576
01:19:23,439 --> 01:19:27,000
Speaker 15: twenty twenty five year year time frame, then you might

1577
01:19:27,080 --> 01:19:31,439
Speaker 15: turn around companies coming back to make their product in

1578
01:19:31,479 --> 01:19:34,000
Speaker 15: the US. But you know, I've been reading a lot

1579
01:19:34,040 --> 01:19:37,720
Speaker 15: as you have about this and what the effect will be. Well,

1580
01:19:37,760 --> 01:19:42,120
Speaker 15: you know, there are a number of companies Lulu Lemons one,

1581
01:19:42,680 --> 01:19:47,400
Speaker 15: Nike is another that shifted there, Yeah, shifted their manufacturing

1582
01:19:47,439 --> 01:19:50,599
Speaker 15: plants from China because they saw trouble on the wall

1583
01:19:51,040 --> 01:19:55,320
Speaker 15: with China and the United States to places like Cambodia

1584
01:19:55,400 --> 01:19:59,000
Speaker 15: and Vietnam. We are now suffering the biggest tariffs of all.

1585
01:19:59,280 --> 01:20:03,880
Speaker 15: So hope, obviously, Donald Trump is hoping that these companies

1586
01:20:04,200 --> 01:20:08,440
Speaker 15: will now sell up or close their plans or factories

1587
01:20:08,520 --> 01:20:11,280
Speaker 15: in those countries come back to the US. But then

1588
01:20:11,560 --> 01:20:13,720
Speaker 15: what will that do for a price of a pair

1589
01:20:13,760 --> 01:20:14,400
Speaker 15: of Nikes.

1590
01:20:14,680 --> 01:20:17,920
Speaker 2: Well, very good question, Barry One. We can't quite answer

1591
01:20:17,960 --> 01:20:20,040
Speaker 2: today because we're out of time. Barry's open News Talks.

1592
01:20:20,040 --> 01:20:23,240
Speaker 2: He'd be Senior Political correspondent. Have a great weekend. Twenty

1593
01:20:23,240 --> 01:20:24,320
Speaker 2: three minutes after six.

1594
01:20:25,479 --> 01:20:28,560
Speaker 3: If it's to do with money, it matters to you.

1595
01:20:28,560 --> 01:20:33,440
Speaker 1: The Business Hour with Ryan Ridge and Mayor's Insurance and Investments,

1596
01:20:33,720 --> 01:20:36,479
Speaker 1: Grow your wealth, Protect your future news talks.

1597
01:20:36,479 --> 01:20:39,360
Speaker 2: That'd be six twenty six. We'll get to Asia Business

1598
01:20:39,400 --> 01:20:41,639
Speaker 2: Correspondent Peter Lewis after the News at six point thirty.

1599
01:20:41,720 --> 01:20:44,360
Speaker 2: Right now this business So Andrew Hogart is in the

1600
01:20:44,400 --> 01:20:48,840
Speaker 2: headlines tonight. This is the trans tasmin infant formula standards.

1601
01:20:48,840 --> 01:20:50,960
Speaker 2: Do you remember this? This came up in a couple

1602
01:20:51,000 --> 01:20:53,360
Speaker 2: of weeks ago. What's been around in the last few months.

1603
01:20:53,880 --> 01:20:57,200
Speaker 2: The government dropped the standards, so we said no thank

1604
01:20:57,240 --> 01:21:00,320
Speaker 2: you to these infant formula standards. Now, Andrew Hogar is

1605
01:21:00,360 --> 01:21:02,920
Speaker 2: the Minister for Biosecurity and Food Safety. He's one of

1606
01:21:02,920 --> 01:21:05,040
Speaker 2: the ministers who was making the decision on this and

1607
01:21:05,080 --> 01:21:10,120
Speaker 2: recommending to cabinet. Now his sister is the boss of

1608
01:21:10,240 --> 01:21:14,519
Speaker 2: the dairy Company's Association who has an interest in this

1609
01:21:14,600 --> 01:21:18,519
Speaker 2: stuff right, and his sister was advising his office of

1610
01:21:18,600 --> 01:21:23,080
Speaker 2: things and lobbying his office. Now he had declared, because

1611
01:21:23,120 --> 01:21:24,720
Speaker 2: you meant to when you come in, you know, if

1612
01:21:24,760 --> 01:21:27,040
Speaker 2: your brother works, if you're the minister of I don't know,

1613
01:21:27,240 --> 01:21:30,360
Speaker 2: defense and your brother works for a defense company, you've

1614
01:21:30,360 --> 01:21:32,240
Speaker 2: got to declare that. So you do that when you

1615
01:21:32,280 --> 01:21:35,240
Speaker 2: come into office. He did that. That's fine, box tacked.

1616
01:21:35,920 --> 01:21:39,640
Speaker 2: But he didn't, and this is, according to one commentator,

1617
01:21:40,160 --> 01:21:42,719
Speaker 2: manage the conflict as they went forward. So he shouldn't

1618
01:21:42,720 --> 01:21:46,120
Speaker 2: have even been making the decision about the infant formula.

1619
01:21:46,160 --> 01:21:50,639
Speaker 2: That's what they reckon. He's not done properly, which is

1620
01:21:50,920 --> 01:21:53,800
Speaker 2: relatively serious. Well it's quite serious actually, because if you're

1621
01:21:53,840 --> 01:21:56,759
Speaker 2: getting influenced by a family member who's got a financial

1622
01:21:56,760 --> 01:21:59,960
Speaker 2: interest in getting a particular outcome, you don't want to

1623
01:22:00,040 --> 01:22:03,320
Speaker 2: it comes that you can buy, so it is important

1624
01:22:03,320 --> 01:22:07,040
Speaker 2: that you get it right. He at the moment, it

1625
01:22:07,120 --> 01:22:09,479
Speaker 2: sounds like it's saying, oh, nothing to see here. You know,

1626
01:22:09,880 --> 01:22:12,320
Speaker 2: we talk about a lot of stuff, including our kids

1627
01:22:12,360 --> 01:22:15,120
Speaker 2: and family. But I mean that's not saying no, is it?

1628
01:22:15,560 --> 01:22:17,760
Speaker 2: So anyway, there'll be more to come on that, I'm sure.

1629
01:22:17,880 --> 01:22:19,960
Speaker 2: Just gone twenty seven after six, we'll get to Asia

1630
01:22:20,200 --> 01:22:21,200
Speaker 2: next year.

1631
01:22:34,240 --> 01:22:34,519
Speaker 16: Is that?

1632
01:22:34,680 --> 01:22:43,840
Speaker 1: See's the beasts crunching the numbers and getting the results.

1633
01:22:44,080 --> 01:22:48,200
Speaker 1: It's Ryan Bridge with the Business hour and mass insurance

1634
01:22:48,240 --> 01:22:51,280
Speaker 1: and investments. Grew your wealth, protect your future.

1635
01:22:51,560 --> 01:22:52,400
Speaker 3: News dogs'd be.

1636
01:22:54,000 --> 01:22:55,679
Speaker 8: Food songle.

1637
01:22:57,760 --> 01:22:59,040
Speaker 3: My food songle.

1638
01:23:00,920 --> 01:23:04,120
Speaker 2: You're just get evening twenty five away from seven news tooks.

1639
01:23:04,600 --> 01:23:06,760
Speaker 2: We say, well, I'm not we but a lot of

1640
01:23:06,760 --> 01:23:09,559
Speaker 2: people these days say young people are just lazy. They

1641
01:23:09,560 --> 01:23:11,599
Speaker 2: don't do anything. They don't know how to read, they

1642
01:23:11,640 --> 01:23:14,080
Speaker 2: don't know how to write. Well, have you heard of

1643
01:23:14,080 --> 01:23:17,559
Speaker 2: a kid called Raymond Shu. He's nine years old. He's

1644
01:23:17,560 --> 01:23:20,559
Speaker 2: from Potty to it at north of Wellington and he's

1645
01:23:20,600 --> 01:23:23,880
Speaker 2: got a goal of starting university next year. Did I

1646
01:23:23,920 --> 01:23:27,760
Speaker 2: mention he's nine, so he's passed already at the age

1647
01:23:27,760 --> 01:23:31,120
Speaker 2: of nine. He's passed NCAA Level one literacy and numeracy.

1648
01:23:31,560 --> 01:23:35,280
Speaker 2: He's passed university entrance exams. This is the SAT test,

1649
01:23:35,560 --> 01:23:38,920
Speaker 2: the ones they take over in America year thirteen level,

1650
01:23:39,040 --> 01:23:42,639
Speaker 2: so last year of high school, he's past that university

1651
01:23:42,760 --> 01:23:46,720
Speaker 2: entrance in America. He's Kiwi, but his family's Chinese, so

1652
01:23:46,760 --> 01:23:49,840
Speaker 2: he grew up in a bilingual household, which his family

1653
01:23:49,960 --> 01:23:52,719
Speaker 2: say has helped. At the age of seven and a half,

1654
01:23:52,880 --> 01:23:57,120
Speaker 2: he was reading about capitalism, communism, business and the world wars.

1655
01:23:58,240 --> 01:24:01,479
Speaker 2: And I mean just I'm the story incredible. And his

1656
01:24:01,600 --> 01:24:04,280
Speaker 2: parents have obviously been very encouraging of this. His father,

1657
01:24:04,400 --> 01:24:07,599
Speaker 2: Michael says, yeah, I get him tested. I encourage him

1658
01:24:07,640 --> 01:24:09,320
Speaker 2: to read. I encourage him to do the stuff that

1659
01:24:09,360 --> 01:24:11,040
Speaker 2: he wants to do. He watches a lot of YouTube

1660
01:24:11,080 --> 01:24:14,200
Speaker 2: as well. Apparently he can tell the difference. He loves aviation.

1661
01:24:14,320 --> 01:24:17,200
Speaker 2: You can tell the difference in structure between a Boeing

1662
01:24:17,280 --> 01:24:21,360
Speaker 2: and an air Bass aircraft. Incredible. So he's going places

1663
01:24:21,400 --> 01:24:23,320
Speaker 2: this kid, That's the upside of the story. Twenty three

1664
01:24:23,360 --> 01:24:27,759
Speaker 2: away from seven rich Asia has been hit the hardest

1665
01:24:27,760 --> 01:24:30,280
Speaker 2: by Donald Trump's new tariffs. We've all heard that time

1666
01:24:30,360 --> 01:24:32,639
Speaker 2: across to our Asia business correspondent Peter Lowis to check

1667
01:24:32,640 --> 01:24:36,200
Speaker 2: the damage. Good evening, Good evening, Ryan fair to say,

1668
01:24:36,280 --> 01:24:40,240
Speaker 2: this is much worse for Asian economies than anyone was expecting.

1669
01:24:40,640 --> 01:24:41,840
Speaker 2: What are people saying about it?

1670
01:24:42,760 --> 01:24:46,679
Speaker 25: Well, absolutely right. I mean Asia has been hit pretty

1671
01:24:46,720 --> 01:24:50,840
Speaker 25: hard by this. I mean there's some standout things here.

1672
01:24:50,920 --> 01:24:54,760
Speaker 25: First of all, China. China has been hit with the

1673
01:24:54,920 --> 01:24:58,920
Speaker 25: so called reciprocal tariffs of thirty four percent, but bearing

1674
01:24:59,000 --> 01:25:01,639
Speaker 25: in mind, it was all ready facing tariffs of twenty

1675
01:25:01,640 --> 01:25:05,040
Speaker 25: percent as a punishment for what Donald Trump says is

1676
01:25:05,080 --> 01:25:08,200
Speaker 25: its role in the fentanyl crisis. So China in effect

1677
01:25:08,200 --> 01:25:11,960
Speaker 25: has fifty four percent tariffs. That is really going to

1678
01:25:12,000 --> 01:25:16,840
Speaker 25: have a huge impact on trade. China and America are

1679
01:25:16,880 --> 01:25:20,759
Speaker 25: the biggest trading partners in the world. China's biggest export

1680
01:25:20,840 --> 01:25:24,839
Speaker 25: market is the US, and the US's biggest import market

1681
01:25:25,479 --> 01:25:28,840
Speaker 25: is from China. It's going to affect the Chinese economy

1682
01:25:28,880 --> 01:25:32,080
Speaker 25: for sure. People are trying to work out by how much,

1683
01:25:32,560 --> 01:25:35,000
Speaker 25: but some are saying it could shave a couple of

1684
01:25:35,040 --> 01:25:37,960
Speaker 25: percent off GDP. It's also going to have an effect

1685
01:25:37,960 --> 01:25:40,760
Speaker 25: on the US, particularly the US consumer, because there is

1686
01:25:40,800 --> 01:25:45,679
Speaker 25: no question that prices will have to go up. Those

1687
01:25:45,720 --> 01:25:47,880
Speaker 25: prices are an effect paid at the border by the

1688
01:25:47,960 --> 01:25:52,320
Speaker 25: companies that imput it import into America, and they've only

1689
01:25:52,320 --> 01:25:56,080
Speaker 25: got three options, really. They either squeeze their suppliers or

1690
01:25:56,080 --> 01:25:59,160
Speaker 25: that's difficult. Their companies like Walmart have been trying to

1691
01:25:59,200 --> 01:26:01,680
Speaker 25: do that already with their Chinese supplies. But some of

1692
01:26:01,720 --> 01:26:06,760
Speaker 25: the Chinese suppliers already operating on wayferthin margins. The other

1693
01:26:06,920 --> 01:26:10,439
Speaker 25: option is the companies themselves absorb the cost, or they

1694
01:26:10,439 --> 01:26:13,240
Speaker 25: put prices up for the consumers. And it's the third

1695
01:26:13,280 --> 01:26:15,200
Speaker 25: one which is the most likely. So this is going

1696
01:26:15,240 --> 01:26:20,200
Speaker 25: to put up prices for US consumers and have a

1697
01:26:20,200 --> 01:26:23,599
Speaker 25: big impact on inflation in the US. Now, there are

1698
01:26:23,600 --> 01:26:27,639
Speaker 25: some other standout things as well, and that is the

1699
01:26:27,680 --> 01:26:32,280
Speaker 25: tariffs that have been imposed upon some Southeast Asia Southeast

1700
01:26:32,320 --> 01:26:37,839
Speaker 25: Asian economies like for example, Sri Lanka forty four percent,

1701
01:26:38,000 --> 01:26:42,720
Speaker 25: Cambodia forty nine percent, allow US forty eight percent. Now,

1702
01:26:42,720 --> 01:26:45,479
Speaker 25: I know there's no such thing really as morality when

1703
01:26:45,520 --> 01:26:49,559
Speaker 25: it comes to trade and economics, but what Trump is

1704
01:26:49,600 --> 01:26:54,160
Speaker 25: doing to these countries is moraldly reprehensible in my view,

1705
01:26:54,200 --> 01:26:59,800
Speaker 25: because these levels of tariffs will impose enormous damage on

1706
01:27:00,080 --> 01:27:03,320
Speaker 25: some of the poorest nations in the world. Some of

1707
01:27:03,360 --> 01:27:08,920
Speaker 25: these Asian and African countries allows the GDP per capita

1708
01:27:09,120 --> 01:27:12,160
Speaker 25: is about five hundred dollars a year, so that means

1709
01:27:12,200 --> 01:27:16,600
Speaker 25: the average person earns under two dollars a day. And

1710
01:27:16,640 --> 01:27:24,080
Speaker 25: the idea that somehow these countries can run trade trade

1711
01:27:24,120 --> 01:27:28,280
Speaker 25: deficits with the US, in other words, buy more from

1712
01:27:28,320 --> 01:27:31,360
Speaker 25: the US than it actually sells them is just completely

1713
01:27:31,400 --> 01:27:35,280
Speaker 25: bone headed. There's no chance that these countries can buy

1714
01:27:35,360 --> 01:27:40,080
Speaker 25: the things that America produces, like nice shiny lexuses or iPhones,

1715
01:27:40,439 --> 01:27:43,720
Speaker 25: or even the genes and the sneakers that companies like

1716
01:27:44,160 --> 01:27:47,639
Speaker 25: Levi's and Nike produce, which some of them are actually

1717
01:27:47,640 --> 01:27:50,439
Speaker 25: produced in those very countries. All they can do is

1718
01:27:50,479 --> 01:27:53,840
Speaker 25: watch enviously as they're shipped off to the US. So

1719
01:27:53,920 --> 01:27:58,479
Speaker 25: this idea that somehow you trade these trade deficits are

1720
01:27:58,479 --> 01:28:01,000
Speaker 25: all down to tariffs and they can be remedied somehow

1721
01:28:01,360 --> 01:28:05,360
Speaker 25: by tariffs on these poorest nations in the world is

1722
01:28:05,439 --> 01:28:06,599
Speaker 25: just a complete nonsense.

1723
01:28:07,320 --> 01:28:10,840
Speaker 2: Have we had any reaction from them at this point.

1724
01:28:11,880 --> 01:28:15,599
Speaker 25: Well, they're in a very very difficult position because first

1725
01:28:15,600 --> 01:28:19,600
Speaker 25: of all, these countries are just not big enough to

1726
01:28:19,680 --> 01:28:23,040
Speaker 25: be able to retaliate and react. And also what can

1727
01:28:23,080 --> 01:28:27,960
Speaker 25: they retaliate on that there aren't enough dollar per dollar

1728
01:28:29,320 --> 01:28:33,880
Speaker 25: imports into the country that it can retaliate on. All

1729
01:28:33,920 --> 01:28:36,280
Speaker 25: they can do is plead with the US, which some

1730
01:28:36,320 --> 01:28:39,479
Speaker 25: countries are of. Vietnam is doing that. It's asked for

1731
01:28:39,760 --> 01:28:42,200
Speaker 25: the US to suspend the tariffs because it's going to

1732
01:28:42,240 --> 01:28:47,360
Speaker 25: do enormous damage to them. But the reason why the

1733
01:28:48,040 --> 01:28:51,599
Speaker 25: US runs trade deficits with these countries, it's not because

1734
01:28:51,600 --> 01:28:59,080
Speaker 25: of tariffs. It's because the American typical consumer, typical household borrows,

1735
01:29:00,080 --> 01:29:02,880
Speaker 25: doesn't save enough, so as a result, they have to

1736
01:29:02,920 --> 01:29:04,640
Speaker 25: go and borrow. They have to go and borrow to

1737
01:29:04,720 --> 01:29:08,200
Speaker 25: invest in new facilities and factories, they have to borrow

1738
01:29:08,240 --> 01:29:12,400
Speaker 25: to finance their consumption. And they have this enormously lucky

1739
01:29:12,760 --> 01:29:15,800
Speaker 25: privilege that they can borrow in their own currency, the

1740
01:29:15,880 --> 01:29:19,360
Speaker 25: US dollar, because the US dollar is the world's reserve currency,

1741
01:29:19,439 --> 01:29:22,200
Speaker 25: so other countries do need dollars. So the way it

1742
01:29:22,240 --> 01:29:26,679
Speaker 25: works is, of course they run trade deficits. Other countries

1743
01:29:26,800 --> 01:29:30,439
Speaker 25: sell their products, receive US dollars in return, which they

1744
01:29:30,560 --> 01:29:35,000
Speaker 25: then go and invest in US treasuries, which helps America

1745
01:29:35,080 --> 01:29:37,720
Speaker 25: actually go and borrow the money that it needs to

1746
01:29:37,800 --> 01:29:41,040
Speaker 25: finance itself. And if Donald Trump really wants to bring

1747
01:29:41,120 --> 01:29:44,600
Speaker 25: that system down, which has been operating for decades and

1748
01:29:44,640 --> 01:29:48,400
Speaker 25: has allowed America for decades to live way beyond its means,

1749
01:29:48,760 --> 01:29:51,040
Speaker 25: there are going to be some serious consequences for that,

1750
01:29:51,160 --> 01:29:55,599
Speaker 25: not just for these countries, but also for the US itself.

1751
01:29:56,040 --> 01:29:58,840
Speaker 2: What about Japan, Their tariff right was twenty four percent.

1752
01:29:58,960 --> 01:30:01,080
Speaker 2: I saw the Prime and to coming out and saying

1753
01:30:01,120 --> 01:30:02,400
Speaker 2: it's a national crisis.

1754
01:30:03,600 --> 01:30:06,160
Speaker 25: Yes, well, in some ways, you know, this is very

1755
01:30:06,160 --> 01:30:10,439
Speaker 25: disappointing for Japan because Prime Minister is well, first of all,

1756
01:30:10,479 --> 01:30:15,000
Speaker 25: the country has lower tariffs than the US does, so

1757
01:30:15,040 --> 01:30:17,920
Speaker 25: you would think that somehow they will be exempt from this.

1758
01:30:18,720 --> 01:30:21,040
Speaker 25: And Prime Minister of Sheba has invested a lot of

1759
01:30:21,360 --> 01:30:25,280
Speaker 25: time and political capital going to the US that meets

1760
01:30:25,280 --> 01:30:29,320
Speaker 25: with Donald Trump in the hope of getting exemptions and

1761
01:30:29,400 --> 01:30:31,880
Speaker 25: instead he gets hit with tariffs of twenty four percent.

1762
01:30:32,040 --> 01:30:35,880
Speaker 25: So this is a political crisis for part Prime Minister

1763
01:30:36,040 --> 01:30:38,439
Speaker 25: Sheba in terms of what does he do now, how

1764
01:30:38,479 --> 01:30:43,120
Speaker 25: does he respond? It's an economic problem because Japan is

1765
01:30:43,120 --> 01:30:46,919
Speaker 25: a huge exporter. You know, it relies its biggest companies

1766
01:30:47,400 --> 01:30:51,280
Speaker 25: rely on exporting, and also its biggest companies have invested

1767
01:30:51,400 --> 01:30:56,000
Speaker 25: heavily in the US. Japan is the biggest investor of

1768
01:30:56,040 --> 01:30:59,519
Speaker 25: any country in the world in the US. Companies like

1769
01:30:59,640 --> 01:31:05,000
Speaker 25: Toyo to Honda have big plants and factories in the US.

1770
01:31:05,520 --> 01:31:07,920
Speaker 25: So you know, this is a big problem for Japan

1771
01:31:08,000 --> 01:31:11,519
Speaker 25: and that's why we're seeing their markets being hit very badly. Yesterday,

1772
01:31:11,560 --> 01:31:13,880
Speaker 25: the NIK two two five is down four percent. It's

1773
01:31:13,920 --> 01:31:18,599
Speaker 25: down heavily again because that index consists of the country's

1774
01:31:18,600 --> 01:31:21,759
Speaker 25: biggest exporters. So is right, it is in many ways

1775
01:31:22,240 --> 01:31:25,559
Speaker 25: an economic crisis as well as being a political crisis

1776
01:31:25,600 --> 01:31:26,800
Speaker 25: for him.

1777
01:31:26,560 --> 01:31:29,280
Speaker 2: Peter, what about readerriction? Are there any other countries who

1778
01:31:29,320 --> 01:31:31,760
Speaker 2: will take the goods that these guys are producing that

1779
01:31:32,160 --> 01:31:34,719
Speaker 2: you know are obviously going to be slept with terrorists,

1780
01:31:34,720 --> 01:31:36,680
Speaker 2: which will make them more expensive, which will mean the

1781
01:31:36,680 --> 01:31:39,000
Speaker 2: American consumers will buy a list of them, which will

1782
01:31:39,000 --> 01:31:42,439
Speaker 2: mean they'll have, you know, exist stop or either they

1783
01:31:42,520 --> 01:31:45,240
Speaker 2: won't produce them, or if they do, they'll need to

1784
01:31:45,240 --> 01:31:46,200
Speaker 2: sell them somewhere else.

1785
01:31:47,439 --> 01:31:49,479
Speaker 25: Well, this is what some people are suggesting. What some

1786
01:31:49,520 --> 01:31:53,200
Speaker 25: people are suggesting is countries like China, for example, don't

1787
01:31:53,280 --> 01:31:57,519
Speaker 25: react by slapping more tariffs on US goods. What they

1788
01:31:57,520 --> 01:31:59,880
Speaker 25: should do, and what they have been doing is looking

1789
01:31:59,920 --> 01:32:01,680
Speaker 25: for new markets. I mean, at the end of the day,

1790
01:32:01,720 --> 01:32:05,640
Speaker 25: the USA is about fifteen percent of global trade, so

1791
01:32:05,720 --> 01:32:09,120
Speaker 25: that means the other eighty five percent consists of countries

1792
01:32:09,479 --> 01:32:12,400
Speaker 25: who could trade with each other. And China has been

1793
01:32:12,760 --> 01:32:16,240
Speaker 25: actively sourcing new markets in the Middle East, in Southeast Asia,

1794
01:32:16,520 --> 01:32:20,200
Speaker 25: in the Global South, and other countries should try and

1795
01:32:20,240 --> 01:32:23,280
Speaker 25: do that as well. And this is the suggestion that

1796
01:32:23,400 --> 01:32:25,880
Speaker 25: in fact, what you do here is you forget about

1797
01:32:25,880 --> 01:32:29,280
Speaker 25: the US, although it's a big market, if you really

1798
01:32:29,320 --> 01:32:34,120
Speaker 25: can't trade or trade without huge tariffs, which means you

1799
01:32:34,160 --> 01:32:36,800
Speaker 25: won't be able to sell your goods anyway, let's try

1800
01:32:36,840 --> 01:32:40,439
Speaker 25: and do it amongst ourselves elsewhere. And some of these

1801
01:32:40,479 --> 01:32:45,000
Speaker 25: economies are growing very fast in Southeast Asian economies, you know,

1802
01:32:45,080 --> 01:32:47,439
Speaker 25: some of the fastest growing economies in the world. So

1803
01:32:47,880 --> 01:32:50,680
Speaker 25: this is where trade could be developed and America be

1804
01:32:50,760 --> 01:32:53,200
Speaker 25: cut out of the global trading system in.

1805
01:32:53,080 --> 01:32:55,800
Speaker 2: Effect, Peter, thanks for that wrap out, Peter Lewis that

1806
01:32:55,840 --> 01:32:58,680
Speaker 2: Asia Business correspondent lots to talk about, obviously, with the

1807
01:32:58,760 --> 01:33:01,280
Speaker 2: huge impact in your readion. Quarter to seven News talks

1808
01:33:01,320 --> 01:33:02,800
Speaker 2: to be Gevin Gray in the UK NX.

1809
01:33:03,080 --> 01:33:07,240
Speaker 1: Whether it's macro, micro or just playing economics. It's all

1810
01:33:07,320 --> 01:33:11,400
Speaker 1: on the business hours with Ryan Bridge and theirs. Insurance

1811
01:33:11,479 --> 01:33:15,160
Speaker 1: and investments, grow your wealth, protect your future, use talk.

1812
01:33:16,000 --> 01:33:18,519
Speaker 2: It's terror of time. Twelve minutes away from seven. Let's

1813
01:33:18,520 --> 01:33:20,960
Speaker 2: go to Devin Gray are UK correspondent Gavin Good evening

1814
01:33:21,040 --> 01:33:25,639
Speaker 2: to you hither right now? What has vonder Lyine been

1815
01:33:25,680 --> 01:33:27,760
Speaker 2: saying about the EU and what they're going to do

1816
01:33:27,760 --> 01:33:28,439
Speaker 2: with the tariffs.

1817
01:33:30,240 --> 01:33:33,479
Speaker 26: Well, she's been saying this is obviously a major blow

1818
01:33:33,560 --> 01:33:36,120
Speaker 26: to the world economy. She saw a press conference saying

1819
01:33:36,160 --> 01:33:39,960
Speaker 26: that the tax imports will see an uncertainty spiralist the

1820
01:33:40,000 --> 01:33:43,320
Speaker 26: phrase she's used causing die consequences for millions of people

1821
01:33:43,360 --> 01:33:45,479
Speaker 26: around the world. So pretty much trotting out the line

1822
01:33:45,680 --> 01:33:49,000
Speaker 26: which we've heard from others. But the negotiations starting proper

1823
01:33:49,040 --> 01:33:52,040
Speaker 26: next week, with the different EU member states beginning to

1824
01:33:52,080 --> 01:33:55,920
Speaker 26: contribute to how they think that the block should react,

1825
01:33:56,080 --> 01:33:59,360
Speaker 26: and Italy saying the decision has been wrong, wants to

1826
01:33:59,400 --> 01:34:03,759
Speaker 26: work towards preventing a trade deal. The Spanish Pedro Sanchez

1827
01:34:03,760 --> 01:34:06,559
Speaker 26: says Spain will continue to be committed to an open world.

1828
01:34:07,360 --> 01:34:11,400
Speaker 26: Very devastating this for Ireland, big big export market to

1829
01:34:11,479 --> 01:34:15,599
Speaker 26: the United States, representing a very large portion of its exports.

1830
01:34:15,640 --> 01:34:19,320
Speaker 26: They're saying deeply regrettable, benefiting no one. It's the French

1831
01:34:19,360 --> 01:34:23,920
Speaker 26: president Emmanuel Micron and his organizations and representatives who are

1832
01:34:23,960 --> 01:34:27,560
Speaker 26: perhaps drumming the you know, beating the drum the loudest

1833
01:34:27,600 --> 01:34:32,520
Speaker 26: now for imposing big tariffs back on America and Poland's

1834
01:34:32,600 --> 01:34:35,640
Speaker 26: leader Donald Tusk saying that the tariff could cost his

1835
01:34:35,760 --> 01:34:40,639
Speaker 26: country more than ten billion zolotti, which roughly works out

1836
01:34:40,920 --> 01:34:43,800
Speaker 26: at four and a half billion New Zealand dollars. So

1837
01:34:43,920 --> 01:34:46,880
Speaker 26: lots of people getting pretty agitated about this. The stock

1838
01:34:46,960 --> 01:34:49,639
Speaker 26: market's still in the state of flux and obviously about

1839
01:34:49,640 --> 01:34:52,599
Speaker 26: to open UK and Europe time as we speak.

1840
01:34:52,840 --> 01:34:56,040
Speaker 2: And Gavin Hungary is withdrawing from the International Criminal Court

1841
01:34:56,080 --> 01:34:57,439
Speaker 2: because they've got a visitor in town.

1842
01:34:58,640 --> 01:35:03,799
Speaker 26: Yes, that's right. So immediately as Benjamin Netanyaho, Israeli Prime minister,

1843
01:35:04,800 --> 01:35:10,080
Speaker 26: had an ICC and International Criminal Court arrest warrant issued

1844
01:35:10,160 --> 01:35:14,720
Speaker 26: for him, Hungary welcomed him for a state visit to

1845
01:35:15,000 --> 01:35:17,760
Speaker 26: their country. And now we now know that net and

1846
01:35:17,840 --> 01:35:22,519
Speaker 26: Yah who is in Hungary for this state visit, And

1847
01:35:23,080 --> 01:35:27,160
Speaker 26: just hours into that state visit, Victor Alban, the Prime

1848
01:35:27,160 --> 01:35:29,800
Speaker 26: Minister of Hungary, announced that his country was going to

1849
01:35:30,120 --> 01:35:33,200
Speaker 26: withdraw from the International Criminal Court. They're one of the

1850
01:35:33,200 --> 01:35:37,800
Speaker 26: founding members and the withdrawal in itself doesn't issue any

1851
01:35:37,840 --> 01:35:43,240
Speaker 26: problems for the ICC, but describing their reasoning, saying that

1852
01:35:43,280 --> 01:35:47,200
Speaker 26: the ICC had become a political court and that the

1853
01:35:47,240 --> 01:35:51,000
Speaker 26: decision to issue an arrest warrant against the Israeli leader

1854
01:35:51,479 --> 01:35:55,479
Speaker 26: clearly pointed and showed evidence that this may actually mean

1855
01:35:55,520 --> 01:35:57,559
Speaker 26: one or two of the other one hundred and twenty

1856
01:35:57,600 --> 01:36:01,160
Speaker 26: five member states across the world think are the same

1857
01:36:01,240 --> 01:36:05,000
Speaker 26: and may also withdraw as well. Of course, America, Russia, China,

1858
01:36:05,080 --> 01:36:07,360
Speaker 26: North Korea are the nations that are not part of

1859
01:36:07,400 --> 01:36:10,720
Speaker 26: the ICC. But this idea suddenly that some parts of

1860
01:36:10,760 --> 01:36:15,879
Speaker 26: Europe may also withdraw is very interesting, including incidentally Germany

1861
01:36:15,960 --> 01:36:19,439
Speaker 26: that said that they would arrest the Israeli leader if

1862
01:36:19,479 --> 01:36:23,200
Speaker 26: he set foot in their country, and then others saying

1863
01:36:23,840 --> 01:36:27,240
Speaker 26: a bit later Germany included that they would not detain

1864
01:36:27,360 --> 01:36:29,439
Speaker 26: him if he visited. So this does seem to be

1865
01:36:29,479 --> 01:36:32,240
Speaker 26: an issue that's very, very divisive within Europe and the

1866
01:36:32,280 --> 01:36:32,840
Speaker 26: rest of the world.

1867
01:36:33,200 --> 01:36:35,439
Speaker 2: It certainly sounds like Gevin appreciate your time. Thank you

1868
01:36:35,560 --> 01:36:38,280
Speaker 2: very much. Gavin Granny are UK correspondent. It is nine

1869
01:36:38,280 --> 01:36:40,479
Speaker 2: away from seven your Friday evening here on news Talk.

1870
01:36:40,560 --> 01:36:44,679
Speaker 2: Z'd be oh, tell you more about those uncontactable tribes.

1871
01:36:44,880 --> 01:36:46,599
Speaker 2: You know, they have them in the Amazon, They've got

1872
01:36:46,600 --> 01:36:51,439
Speaker 2: some islands in the Indian Ocean as well. People are

1873
01:36:51,439 --> 01:36:54,320
Speaker 2: now trying to contact them, but not people that you'd

1874
01:36:54,360 --> 01:36:56,320
Speaker 2: want to be contacted by. That's next.

1875
01:36:57,360 --> 01:37:00,640
Speaker 1: It's the Hitherto to See Allan Drive full show podcast

1876
01:37:00,720 --> 01:37:03,679
Speaker 1: on iHeartRadio powered by Newstalk ZBB.

1877
01:37:05,000 --> 01:37:08,439
Speaker 2: Six to seven News TALKSB. So there are some uncontactable

1878
01:37:08,479 --> 01:37:11,280
Speaker 2: tribes out there. These are people who have had very,

1879
01:37:11,400 --> 01:37:15,000
Speaker 2: very little or no interaction with the outside world. It's

1880
01:37:15,000 --> 01:37:17,880
Speaker 2: incredible to think that these still exist. There's some in

1881
01:37:17,920 --> 01:37:20,880
Speaker 2: the Amazon, there's one in the Indian Ocean. There's one

1882
01:37:20,880 --> 01:37:24,200
Speaker 2: in the Indian Ocean called North Sentinel Island. And there's

1883
01:37:24,240 --> 01:37:32,000
Speaker 2: an American influencer who has visited North Sentinel Island. Can

1884
01:37:32,040 --> 01:37:34,160
Speaker 2: you believe just the gaal of doing that? A twenty

1885
01:37:34,200 --> 01:37:37,800
Speaker 2: four year old influencer goes to an uncontactable tribe, an

1886
01:37:37,840 --> 01:37:41,400
Speaker 2: uncontacted tribe on North Sentinel Island and the Indian Ocean

1887
01:37:42,479 --> 01:37:46,280
Speaker 2: for likes, takes a can of coke and a coconut

1888
01:37:46,840 --> 01:37:50,519
Speaker 2: as gifts. I mean, what a disappointment of disappointment. Imagine

1889
01:37:50,520 --> 01:37:53,600
Speaker 2: never interacting with other human beings before. Imagine looking up

1890
01:37:53,600 --> 01:37:56,679
Speaker 2: at the sky and seeing planes and satellites and thinking, wow,

1891
01:37:56,720 --> 01:38:02,120
Speaker 2: there's aliens out there, and some some dick from America

1892
01:38:02,200 --> 01:38:04,800
Speaker 2: turns up with a TikTok account and can of coke,

1893
01:38:05,479 --> 01:38:06,400
Speaker 2: how unimpressed.

1894
01:38:07,200 --> 01:38:09,640
Speaker 14: So you're expecting like Captain Kirk to come here and

1895
01:38:09,680 --> 01:38:11,439
Speaker 14: be like your first contact, and instead you get like

1896
01:38:11,560 --> 01:38:12,120
Speaker 14: Jake Paul.

1897
01:38:12,400 --> 01:38:17,160
Speaker 2: You know, oh, no, wonder they're uncontactable. If this is

1898
01:38:17,200 --> 01:38:21,759
Speaker 2: the kind of contact they're guessing, i'd say no too. Anyway,

1899
01:38:21,880 --> 01:38:25,640
Speaker 2: there you go, people on TikTok And so what are

1900
01:38:25,680 --> 01:38:26,519
Speaker 2: we going out to tonight?

1901
01:38:26,640 --> 01:38:28,800
Speaker 14: New Rules by Dua Lipa to play us out tonight.

1902
01:38:28,800 --> 01:38:30,880
Speaker 14: She's playing her second and final show in New Zealand

1903
01:38:30,880 --> 01:38:34,240
Speaker 14: tonight at Spark Arena in Auckland. Last time she didn't

1904
01:38:34,240 --> 01:38:36,240
Speaker 14: bring Lord out like some people thought she might have

1905
01:38:36,280 --> 01:38:39,479
Speaker 14: after she had all these special guests in Australia. But look,

1906
01:38:39,520 --> 01:38:41,160
Speaker 14: if you're going along, cover your ears for this, but

1907
01:38:41,320 --> 01:38:44,200
Speaker 14: don't want to spoil it. The cover was Royals, so

1908
01:38:44,240 --> 01:38:46,120
Speaker 14: the cover that she did was Royal, so she will

1909
01:38:46,120 --> 01:38:48,040
Speaker 14: probably do a cover of Royals at the show as well.

1910
01:38:48,720 --> 01:38:50,160
Speaker 7: This will be on the setlist too, New Rules.

1911
01:38:50,880 --> 01:38:53,760
Speaker 2: All right, have a great weekend everybody. Hopefully the world

1912
01:38:53,760 --> 01:38:58,120
Speaker 2: does not implode while we are enjoying ourselves. Well, markets

1913
01:38:58,160 --> 01:39:00,519
Speaker 2: will be closed, actually said, it'll be fine. We will

1914
01:39:00,520 --> 01:39:01,160
Speaker 2: see you on Monday.

1915
01:39:01,280 --> 01:39:33,040
Speaker 27: Take care, Hi County Break Up the phone, and we're

1916
01:39:33,080 --> 01:39:37,320
Speaker 27: gonna be goingcause he's drunken alone to tell him to

1917
01:39:37,479 --> 01:39:41,040
Speaker 27: pick your round, get your friend, Tell me friend. You

1918
01:39:41,080 --> 01:39:45,840
Speaker 27: know you're gonna look a bit of bent morning doing it.

1919
01:39:46,280 --> 01:39:49,440
Speaker 3: No, Ume, I got old count.

1920
01:39:51,560 --> 01:39:51,680
Speaker 23: Hi.

1921
01:40:12,720 --> 01:40:15,880
Speaker 1: For more from Hither Duplessy Alan Drive, listen live to

1922
01:40:16,000 --> 01:40:19,040
Speaker 1: News Talks it B from four pm weekdays, or follow

1923
01:40:19,040 --> 01:40:20,840
Speaker 1: the podcast on iHeartRadio