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Speaker 1: Opinion Edit, Informed, und apologetic, the Mic Hosking Breakfast with

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Speaker 1: the Defender, Embrace the impossible news to.

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Speaker 2: B you welcome today the review into the money tamper

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Speaker 2: at the RB and COVID. Good news for our small

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Speaker 2: to medium businesses as that workload picks up for the year.

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Speaker 2: Good news for football as the All Whites play England.

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Speaker 2: Marion Morris is in the country and in for a chat.

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Speaker 2: Catherine does the EU, Rod does the new catask. There

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Speaker 2: we are Thursday morning, Welcome to it. Is it that

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Speaker 2: time of year again? Are the banks too profitable? Yes,

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Speaker 2: it's that time of year. First cab off the rich list,

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Speaker 2: bank rank are basp They've come in with their half

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Speaker 2: year numbers yesterday. It's seven hundred and sixty five million.

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Speaker 2: They call it flat, but it's flat because of some

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Speaker 2: legal hassle that won't be repeated. The good news is

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Speaker 2: there are signs of recovery economically that tell us for

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Speaker 2: the country. This is why we want successful banks. This

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Speaker 2: is why we need to remember that having decent banks

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Speaker 2: is actually a good thing. And every time we win

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Speaker 2: or a politician wants an inquiry, there are the countertimes

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Speaker 2: like COVID and the GFC. We're having banks who participate

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Speaker 2: with large dollars of cash is actually no bad thing.

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Speaker 2: Business lending is up, Small business lending is up. Rural

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Speaker 2: lending US up, Commercial lending U is up. Deposits are up.

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Speaker 2: Not many people having trouble paying their bills. For all

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Speaker 2: the noise around the cost of living crisis, and let

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Speaker 2: us not downplay the robberlike costs of power and rates

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Speaker 2: and insurance, but the truth is the vast, vast majority

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Speaker 2: of us can make our way and meet our obligations.

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Speaker 2: These are all good signs of a half decent going on,

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Speaker 2: good economy. Money put aside for bad debts drops every

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Speaker 2: time they report, but then the margins here we go.

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Speaker 2: They're up again, two point twenty nine up to two

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Speaker 2: point three five. This is higher than their Australian counterparts. Previously.

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Speaker 2: It has been explained that part of the reason is

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Speaker 2: the capital requirements for money to be set aside for

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Speaker 2: a rainy day by the Reserve Bank, but those rules

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Speaker 2: have changed, less money is required. This was a move

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Speaker 2: brought about by the new Reserve Bank chair and the

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Speaker 2: Finance Minister desperate for reform. So why then are the

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Speaker 2: margins up? You can ask I suppose what is fair?

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Speaker 2: We want profit? Don't we? Yes, we do, but not

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Speaker 2: too much. What's about right? When is seven hundred and

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Speaker 2: fifty six million a decent profit versus a super profit?

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Speaker 2: Do the banks still argue that, given the quantums you're

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Speaker 2: dealing with, it's actually solid but not spectacular? The big question,

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Speaker 2: the big question, given all the noise and the gnashing

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Speaker 2: of the teeth and the political jaw boning, has anything

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Speaker 2: actually changed? Of course for our part, although surveys will

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Speaker 2: still show we don't like banks and huge returns, the numbers,

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Speaker 2: which are way more accurate than any survey, show we

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Speaker 2: borrowed more, we deposited more, We did more business with

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Speaker 2: these banks. Why would that be? Could it be actions

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Speaker 2: speak louder than noise?

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Speaker 1: Who news of the world in ninety seconds?

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Speaker 3: Right?

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Speaker 2: Let's start with the school shooting in Canada where PM

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Speaker 2: Carne's done. What pms do?

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Speaker 4: Parents, grandparents' sisters, brothers in tumbler runs will wake up?

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Speaker 5: Let's help someone they loved. The nation moys with you,

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Speaker 5: Canada stands by you.

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Speaker 2: In Washington, the never ending Epstein revelation's roll into another day,

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Speaker 2: papers with the redactions are causing new consume. Some Democrats

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Speaker 2: have actually posted the material unredected.

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Speaker 6: Believe the victims, believe your eyes.

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Speaker 1: The names have been named.

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Speaker 7: They are in the public domain, they are in the files,

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Speaker 7: and we will tell you unequivocally we will keep naming names.

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Speaker 2: All the Democrats still opt Andrew.

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Speaker 8: And the family is reputation is on the line right now,

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Speaker 8: and so I hope they do the right thing by

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Speaker 8: letting authorities hold Andrew accountable for anything he did. I

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Speaker 8: still want to continue to see if Andrew will come

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Speaker 8: and sensify before our committee.

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Speaker 2: GIVREI the family is still campaigning for Trench's parency.

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Speaker 9: Why are the perpetrators names being redacted while survivor's names

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Speaker 9: are left unredacted. We are done with excuses, We are

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Speaker 9: done with delays, no more lies, no more deflection. We

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Speaker 9: want answers, and we want accountability.

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Speaker 2: And ig Bondy is in front of the House Judiciary.

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Speaker 7: I have spent my entire career fighting for victims and

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Speaker 7: I will continue to do so. I am deeply sorry

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Speaker 7: for what any victim, any victim, has been through, especially

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Speaker 7: as a result of that monster.

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Speaker 2: Related sort of on the other side of the pond,

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Speaker 2: the wise and worries never en for Starmer as the

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Speaker 2: Matthew Doyle scandal simply adds to his miserable week.

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Speaker 10: Doyle campaigned for a man charged with child sex offenses.

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Speaker 10: He gave Doyle a job for life in the House

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Speaker 10: of Lords. Anyway, why mister speaker, Matthew Doll did not

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Speaker 10: give a full account.

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Speaker 2: Of his action, and so it goes Finally, an Australian

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Speaker 2: survey comes from a union, so take it with a

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Speaker 2: grain himself. Eighty seven percent think working from home should

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Speaker 2: be a formal entitlement. Sixty percent so it should be

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Speaker 2: that a fault arrangement. They also on six months notice

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Speaker 2: before a mandated returned to the opposite to use the

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Speaker 2: world then deluded entitlements in ninety the American Jobs Report.

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Speaker 2: Andrew will tuck into that shortly. But she's she's pretty good,

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Speaker 2: but not so good if you're working at Heinegen. This

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Speaker 2: is globally they've said overnight. You know that, AI. I

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Speaker 2: think unfortunately that's going to lead to seven percent of

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Speaker 2: the workforce. Beer volumes are down apart from anything else,

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Speaker 2: but that's going to lead to seven percent of the

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Speaker 2: workforce being laid off. That's six thousand jobs, just like that.

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Speaker 2: Twelve past six.

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Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio Call

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Speaker 1: It by News Talks EB.

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Speaker 2: Finally got the super Bowl numbers. One hundred and twenty

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Speaker 2: five million. Is that a lot of people? Yes, it is.

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Speaker 2: It is the most watched program in NBC's one hundred

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Speaker 2: year history. They have done nothing in one hundred years

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Speaker 2: that was watched by more people than that super Bowl

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Speaker 2: game the other day. And as regards the history of

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Speaker 2: the super Bowl, it is the second most watched super

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Speaker 2: Bowl in history, which makes last year's super Bowl the

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Speaker 2: most watched thing in television in America. If fifteen past

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Speaker 2: current partners Andrew kellerher Morning, Morning Morning, Very good Morning,

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Speaker 2: Mike was speaking from a mirror. It is shut down related, still,

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Speaker 2: isn't it? Or have I got that completely wrong?

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Speaker 4: Well, the number was postponed from last Friday to today,

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Speaker 4: and you can there's a lot moving about this number, Mike.

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Speaker 4: These stats have just don't seem to be straightforward these days.

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Speaker 11: So a bit of context here.

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Speaker 4: The labor market has been giving off sort of in

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Speaker 4: the US, some sort of weaker vibes, and it's seemingly

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Speaker 4: at odds with what you know, the last GDP number

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Speaker 4: indicated that they've got quite a strong economy at the moment,

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Speaker 4: So you've got what's being talked about in the US

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Speaker 4: is what we call what's been called a slow higher,

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Speaker 4: slow fire jobs market. It is, of course a key

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Speaker 4: part of the economy. It's one part of the fedes

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Speaker 4: dual mandate together with inflation. Now, what we can report

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Speaker 4: is that overnight the headline numbers were much better than expected,

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Speaker 4: So employers added one hundred and thirty thousand jobs last month.

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Speaker 11: The unemployment rate printed at four point three percent.

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Speaker 4: Now that's almost double the number of jobs, almost double expectations.

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Speaker 4: Expectations sitting around sixty five thousand and unemployment at four

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Speaker 4: point four percent, so you cheer that. It does suggest

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Speaker 4: that there is currently a good recovery in the labor market.

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Speaker 11: So you obviously sort of q a negative reaction in

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Speaker 11: US long bonds.

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Speaker 4: US treasury rates moved a bit higher, and expectations for

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Speaker 4: FED rate cuts have been shifted up, but they haven't

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Speaker 4: been shifted out very much. It's simply about a month

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Speaker 4: so taken from June to July. What we do have

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Speaker 4: to mention here though, is they're not all rosy numbers.

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Speaker 4: There was a very significant revision to the prior year

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Speaker 4: to twenty twenty five. For the revisions now revealing that

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Speaker 4: job gains averaged just fifteen thousand per month that was

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Speaker 4: reported initially at forty nine thousand. Also significant revisions to

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Speaker 4: twenty twenty.

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Speaker 11: Four as well, now where you have.

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Speaker 4: Got shut down impacts, markup on micas on those numbers

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Speaker 4: last year, because there were lots of factors affecting the

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Speaker 4: jobs market last year. You had the government shut down,

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Speaker 4: but more important were those cuts that came out of DOGE,

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Speaker 4: and we didn't actually see those hit the numbers until

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Speaker 4: later in the year, until sort of September October. If

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Speaker 4: I do look at the numbers that we've seen, their

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Speaker 4: healthcare gains. Healthcare gains were probably pretty important socialist systems.

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Speaker 4: They're the manage engine of jobs growth at the moment.

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Speaker 4: Also good numbers in construction and manufacturing. They were offset

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Speaker 4: by cuts and things like transportation, financial services, and of.

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Speaker 11: Course the government sector.

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Speaker 4: If I look at share market reaction at the moment,

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Speaker 4: fairly muted, I would have thought they would have reacted

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Speaker 4: a little bit more negatively.

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Speaker 11: To those news about the.

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Speaker 4: Expectations for the FED rate cuts, but at the moment

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Speaker 4: they're fairly stable and the US dollar index is a

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Speaker 4: little bit stronger.

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Speaker 2: Okay, bring it back home. Concrete. Do we have good

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Speaker 2: news on concrete?

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Speaker 11: We sure do. Good been a ready mixed news. So

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Speaker 11: the debt quarter, there's good news here.

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Speaker 4: So debt quarters sort of lifting ready mixed concrete compared

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Speaker 4: to the December twenty four quarter.

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Speaker 11: More importantly, it's the first.

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Speaker 4: Increase on a quarter to quarter basis since the data

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Speaker 4: series began, at least the numbers supplied by Stats of

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Speaker 4: New Zealand, so that's since twenty twenty two, so that's

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Speaker 4: three years.

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Speaker 11: That's on an actual volume by area basis. On a seasonally.

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Speaker 4: Adjusted basis, we've now had two consecutive quarters for growth.

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Speaker 4: Unsurprisingly strong numbers from christ Church, the city, not just

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Speaker 4: the city, but the broader Canbry region, also the Waikato.

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Speaker 4: We're not seeing the dial move in Auckland just yet.

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Speaker 4: The one on the year and year numbers they're still lower,

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Speaker 4: but there's definitely an improving trend here.

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Speaker 2: Good and then we got China. I cannot work out

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Speaker 2: you know, clearly neither can you. So where where's China at.

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Speaker 4: Well, we've said we'll keep you listeners abreast of economic

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Speaker 4: developments here.

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Speaker 11: Well, they've got no inflation basically.

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Speaker 4: The inflation data yesterday consumer inflation printed lower than expected.

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Speaker 11: So they're year on year number down zero.

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Speaker 4: Point two percent, Mike, imagine that it was expected to

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Speaker 4: come out of zero p point four.

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Speaker 11: In other words, absolutely no inflation at all. The month

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Speaker 11: on month zero point two.

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Speaker 4: The core inflation that's excluding the volatile time items.

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Speaker 11: Was it was a little bit higher.

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Speaker 4: But when I look at PPI inflation, my business inflation,

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Speaker 4: it's still heading lower.

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Speaker 11: In other words, it's negative.

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Speaker 4: It fell one point four percent from a year earlier.

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Speaker 11: What I can see though in those PPI the.

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Speaker 4: Business inflation numbers is the last few months have been increasing.

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Speaker 4: So it's not often we say that increasing inflation is

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Speaker 4: a good thing, but it does seem to suggest there

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Speaker 4: is some improvement in the business sector.

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Speaker 11: But yeah, negative inflation not something we see.

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Speaker 4: In New Zealand, right, No, and do not know numbers, please,

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Speaker 4: So the downturn down four points or two points or

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Speaker 4: one point now as I look at it, So basically

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Speaker 4: let's just say it's unmoved fifty one and ninety two,

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Speaker 4: the S and P five hundred down five point sixty

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Speaker 4: nine three six, slightly lower on the nastik It's down

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Speaker 4: a quarter percent sixty points twenty three thousand and forty

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Speaker 4: one overnight, the fort one one hundred up just over

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Speaker 4: one percent ten thousand, four hundred and seventy two. The

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Speaker 4: Japanese market's not moved because they had a public holiday yesterday.

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Speaker 4: Shanghai compt it up four four one three one, the

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Speaker 4: A six two hundred. They had a bit of a

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Speaker 4: storming day yesday. CBO released their results were very well received.

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Speaker 4: That does tend to move the index. They were up

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Speaker 4: one hundred and forty seven points one point sixty six

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Speaker 4: percent Game nine thy fourteen and then the next fifty

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Speaker 4: down six points. Yesterday thirteen thousand, five hundred and seven.

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Speaker 4: Kiwi dollar unchanged really point six oh five three against

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Speaker 4: the US, point eight four ninety seven, Ozzie point five

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Speaker 4: and ninety six against the Euro, point four four three

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Speaker 4: five against the pound, ninety two point five nine. Japanese

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Speaker 4: yen gold five thousand and seventy US dollars and brentkrud

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Speaker 4: sixty nine dollars and ninety five six.

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Speaker 2: Go well mate Andrew Kella, her Sure and partners Britney Spears.

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Speaker 2: If you hadn't heard or sold her catalog, she left

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Speaker 2: music was never going to return to music. She still

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Speaker 2: appears to me to be somewhat troubled, but that's her problem,

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Speaker 2: not mine. Hundred million odd dollars she got for a catalog.

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Speaker 2: If you think she wasn't that successful, she sold over

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Speaker 2: one hundred and fifty million records, so she was. And

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Speaker 2: it was only over nine albums since nineteen ninety nine.

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Speaker 2: Last song was a duet with Elton John. But she'll

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Speaker 2: bank that, presumably if she can live happily ever after

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Speaker 2: six twenty one. If you're a News talks'bo.

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Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

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Speaker 1: by News Talks at.

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Speaker 2: B update on the Guthrie case if you're following it.

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Speaker 2: Yesterday they got a guy south of Tucson and we thought,

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Speaker 2: here we go. They released him, so he obviously had

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Speaker 2: nothing to do with it, at least we think that's

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Speaker 2: the case for now. They've also got a third letter

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Speaker 2: this morning. It's a bizarre letter. The letter wants one

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Speaker 2: bitcoin and they claim to know who the kidnapper is.

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Speaker 2: So this has taken if you hadn't thought so, we

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Speaker 2: already a turn into the really weird six twenty five

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Speaker 2: trending now with ms Warehouse the Real House of Fragrancesaly,

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Speaker 2: speaking of which Nicole can when she's back. Although you

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Speaker 2: could argue she's never been away. In the past eighteen months,

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Speaker 2: she's been in three film, six shows. There's a fun

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Speaker 2: fact for you. She's in two more projects this year,

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Speaker 2: one of which is Scarpetta. It's a serious about the

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Speaker 2: forensic investigations of case Scarpetter. You know the name, Yes,

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Speaker 2: you do. It's the work of Patricia Cornball. I, doctor K.

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Speaker 12: Scarpetter, do solemnly swear I will faithfully and impartially discharge

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Speaker 12: all of the duties incumbent upon me as chief Medical Examiner,

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Speaker 12: to the best of my ability.

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Speaker 1: Second time for charm, good luck, doctor Scarpetter. Second chance

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Speaker 1: is pretty hard to missess, right.

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Speaker 6: Is it a second chance? Or am I just looking

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Speaker 6: to mess myself up again?

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Speaker 1: But we're looking for here as a serial killer.

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Speaker 12: That's a barrel of monkeys I would don't want popping open.

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Speaker 5: Oh that's Stereoley.

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Speaker 1: No secrets between us, not in.

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Speaker 2: Got me superficial, but I like the sound of that,

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Speaker 2: and I like her. It's her Jamie Lee Curtis Simon Baker.

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Speaker 2: You know the Mentalist by Bobby Cannabali who hangs with

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Speaker 2: Rose Boone these days. Anyway, he was from Nine Perfect Strangers.

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Speaker 2: He's quite cool too. It's all out on Amazon Prime

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Speaker 2: March eleven, and there are twenty eight scarp at a novel,

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Speaker 2: so if this thing works, they'll basically be on there forever.

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Speaker 13: Now.

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Speaker 2: I seem almost way down with good news on the

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Speaker 2: economy this morning, so insight into the smeeze the small

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Speaker 2: to mediums. They're saying a good chunk of them is

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Speaker 2: saying they've got more work at this time of the

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Speaker 2: year than they have previously. So we'll work you through that.

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Speaker 2: Got a new forecast for the economy. Our old mate

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Speaker 2: Kelly at Westpac, he's been peering into his telescope as

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Speaker 2: microscope is whatever he's been peering into, and he's come

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Speaker 2: up with some Stonking numbers. And that's before I get

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Speaker 2: to Apple and Pears. So she's all go this morning.

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Speaker 2: Us next here on the Mike Hosking.

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Speaker 1: Brands, You're trusted home for news, sport, entertainment, Opinion, and

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Speaker 1: Mike the Mic asking breakfast with Bailey's real estate altogether

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Speaker 1: better across residential, commercial and rural news. Togs Head been

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Speaker 1: NATO get.

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Speaker 2: Together, a lot of troops, a lot of exercises going

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Speaker 2: on at the moment. They're all looking to protect the

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Speaker 2: Arctic region for fairly obvious reasons. But we'll outline the

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Speaker 2: little for you with Katherine Shortley back home at twenty

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Speaker 2: three minutes away from seven new report into our economy

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Speaker 2: focus on small mediums? Are you the smeath growing positivity?

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Speaker 2: A third saying they've got more work lined up this

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Speaker 2: quarter than usual, Manufacturing, retail, construction, all look good. Chris

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Speaker 2: Small is the ABC Business sales CEO. News back, Well,

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Speaker 2: there's Chris. Morning to you.

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Speaker 14: Well in Mike Key going very.

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Speaker 2: Well and do thank you. How would you describe the

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Speaker 2: vibe generally?

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Speaker 14: Oh, look, I'd describe as really really positive, especially in

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Speaker 14: comparison to the previous two years I've head, We've we've

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Speaker 14: had numerous high volumes of business owners coming to see

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Speaker 14: us who we saw this time last year and said

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Speaker 14: I'm not going to I'm not going to take my

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Speaker 14: business to market. My earnings are down and they're now

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Speaker 14: saying I've had a pretty strong last two quarters in

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Speaker 14: it's talk and then even just I was driving down

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Speaker 14: Ponsonby Road about seven o'clock this Tuesday, it was papped.

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Speaker 14: Every restaurant and bar was busy that time. At this

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Speaker 14: time last year, it was certainly not the same same

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Speaker 14: sort of vibe out there. So no, we agree with

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Speaker 14: all the surveys that have come out. I mean, on

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Speaker 14: top of it zero survey, there's also four Soak Bar

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Speaker 14: had a survey came out yesterday sixteen hundred businesses and

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Speaker 14: one of the questions was would you invest more or

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Speaker 14: the same as last year? And eighty five percent said

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Speaker 14: they're going to invest more, all the same as that

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Speaker 14: had last year. So all in ASB I heard your

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Speaker 14: commentary on ASP that's all positive. Four percent in precent

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Speaker 14: business leanding. So everything we're reading and hearing is super positive,

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Speaker 14: which is great.

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Speaker 2: That's good. As regards sales, how does that work? So yes,

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Speaker 2: you're earning more things looking good? Do you sell or

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Speaker 2: do you go hang on? I'll hold on for some

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Speaker 2: good times.

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Speaker 14: That's a great question that they tell us. In the

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Speaker 14: bad times they want to sell, but they're not ready

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Speaker 14: to self. So they're not going to maximize day and

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Speaker 14: then a soon as they start making money, they oh,

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Speaker 14: this is this is easy again to we'll hold on.

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Speaker 14: But a number of these people are baby boomers and

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Speaker 14: some of them are nearly seventies, and they are ready

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Speaker 14: to go, so that they definitely will be having the

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Speaker 14: go by and they've just been patiently waiting like good

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Speaker 14: kiwis do to try and maximize dairy. You know, homeowners

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Speaker 14: don't want to sell at the bottom of the cycle,

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Speaker 14: and business owners are execuedly the same.

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Speaker 2: Now, what about the hiring aspect, When do the good

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Speaker 2: times if you're seeing good times, now, when do they

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Speaker 2: do you think lead to more hiring, because there's one

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Speaker 2: thing to make more, but you've got to eventually be

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Speaker 2: expanding enough to employ people.

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Speaker 14: Yeah, that's a great question, and unfortunately we've got this

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Speaker 14: h AI over the top of everything we're doing at

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Speaker 14: the moment, even in my business where we're looking at

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Speaker 14: implementing an AI type solution, which lots of other businesses are,

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Speaker 14: especially in the sort of white collar sector. So we

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Speaker 14: may see businesses make more money and be more profitable,

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Speaker 14: but that may not necessarily translate to more job been

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Speaker 14: created because of a pretty big change that's going to

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Speaker 14: effect a specially the white collar service type job. So yeah,

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Speaker 14: I think in the blue collar in labor market, yep,

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Speaker 14: we'll see. We've see an uptick as the infrastructure projects

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Speaker 14: kick off because robots can't quite dig holes just yet.

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Speaker 14: But certainly within the white courses we may actually see

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Speaker 14: high profitability but declining jobs.

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Speaker 2: Great inside has always Chris Good heavy on the program.

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Speaker 2: Chris Small ABC business sales CEO speaking which our old

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Speaker 2: make Kelly Ekhold has come to the party. I have

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Speaker 2: you missed these numbers this morning? Estimated GDP for the

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Speaker 2: last year one point eight. I can't see it. We

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Speaker 2: haven't got Q four yet from last year, but when

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Speaker 2: we do, which can't be far away, I can't see

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Speaker 2: it being much less than what it was in Q three,

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Speaker 2: which was over one. It would be one or thereabouts. Anyway,

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Speaker 2: he thinks one point out for the year. He's picking

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Speaker 2: three point three this year in election year, if you

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Speaker 2: can see and feel that the government are home free.

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Speaker 2: And then he's got two point seven for twenty seven,

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Speaker 2: and that, by the way, is a significant upgrade. He

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Speaker 2: sees what Chris sees, what most of us are starting

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Speaker 2: to see nineteen two.

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Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

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Speaker 1: by News.

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Speaker 2: Talks It b ask yourself, this is is this a

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Speaker 2: bit of you? There's a quiet moment for many families

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Speaker 2: that they recognize someone's there, but they're not really part

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Speaker 2: of the conversation. They're smiling, they're not ining the missing

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Speaker 2: the detail, right, So that's hearing loss doesn't announce itself,

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Speaker 2: of course, just slowly sort of takes moments away, which

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Speaker 2: is why more families are choosing to step in and help.

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Speaker 2: So this is the good news. Resonate Health subscription makes

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Speaker 2: it possible to support a loved one's hearing for ninety

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Speaker 2: dollars a month, so there's no big upfront cost there,

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Speaker 2: and lots of sons and daughters, grandchildren, they sponsor that

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Speaker 2: sub themselves because they see the difference that good hearing makes.

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Speaker 2: So that's a nice story, isn't it. More connection, less frustration,

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Speaker 2: more shared moments. So if there's someone that you love

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Speaker 2: who's quietly slipping out of that conversation, this could well

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Speaker 2: be a way to help them. So here's a number

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Speaker 2: for you. Eight hundred seven three seven sixty six two

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00:19:56,000 --> 00:19:58,600
Speaker 2: eight hundred seven three seven sixty six two. It is,

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00:19:58,680 --> 00:20:01,120
Speaker 2: of course Resonate Health. The very good people at Rizino's Health.

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00:20:01,119 --> 00:20:04,480
Speaker 2: They'll help you out so at Resonatehealth dot co dot

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Speaker 2: end zi pasking. Now, Mike, you go on about how

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Speaker 2: things are so good and rosy out there. Check out

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Speaker 2: the number of liquidations every day in the New Zealand.

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Speaker 13: Here.

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Speaker 2: Now you raise a very good point, but context, as

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Speaker 2: always is super important. Here there are two things you

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Speaker 2: need to understand about the economy. The tail end of

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Speaker 2: the bad days and into the recovery. The last things

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Speaker 2: you will see come writer jobs and liquidations. Companies don't

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Speaker 2: fall over. They not not going gangbusters on a Monday

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Speaker 2: and fall over on a Tuesday. A liquidation takes a

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Speaker 2: long period of time. It is the tail end of

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Speaker 2: the COVID disaster. So yes, the numbers we're seeing are

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Speaker 2: still problematic, but they are the last thing that comes

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Speaker 2: right along with jobs. So that will be the story

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Speaker 2: of this year.

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Speaker 15: So it is.

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Speaker 2: It is not all bad by any stretch of the imagination.

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Speaker 2: The worst I suspect is over six forty.

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Speaker 3: Five international correspondence with Ensit Eye Insurance Peace of Mind

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Speaker 3: for New Zealand.

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Speaker 1: Business and field.

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Speaker 16: How are you.

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Speaker 17: I'm good, Thank you, mate.

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Speaker 2: Be somewhat provocative to a liberal, Not that I'm suggesting

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Speaker 2: you're a liberal, but just a liberal generally. In suggests

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Speaker 2: that Trump's a genius. By threatening to invade Greenland, he

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Speaker 2: exercises everybody into focusing on the Arctic, parking a whole

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Speaker 2: lot of troops there and thus solving a problem.

438
00:21:20,320 --> 00:21:24,359
Speaker 17: Well, Mike, where do word begin? Okay, it was already

439
00:21:24,440 --> 00:21:27,560
Speaker 17: an issue for Greenland. They realized a long time ago

440
00:21:27,920 --> 00:21:31,919
Speaker 17: that you know, they've got some pretty grumpy neighbors. Russia

441
00:21:32,000 --> 00:21:34,080
Speaker 17: has been grumpy for a long time. China is a

442
00:21:34,440 --> 00:21:38,560
Speaker 17: is an up and coming threat and so and also

443
00:21:38,760 --> 00:21:42,840
Speaker 17: climate change, so changing st changing all around the environment.

444
00:21:43,320 --> 00:21:45,439
Speaker 17: What he has done yet you're one way, You're right,

445
00:21:45,520 --> 00:21:47,960
Speaker 17: I'll give you this. Everyone has now focused on it

446
00:21:48,200 --> 00:21:51,879
Speaker 17: much more and focused on the need for NATO to

447
00:21:51,920 --> 00:21:55,800
Speaker 17: get it backed together. That having been said, with this

448
00:21:56,080 --> 00:22:02,040
Speaker 17: new NATO Sexuy General Mark Utter, former Dutch politician, they

449
00:22:02,080 --> 00:22:05,320
Speaker 17: are concerned. And the reason they're concerned that perhaps he

450
00:22:05,480 --> 00:22:08,760
Speaker 17: is too close to Trump and being brought into the

451
00:22:08,800 --> 00:22:11,520
Speaker 17: Trump tent too much is, for example, in the last

452
00:22:11,560 --> 00:22:14,359
Speaker 17: couple of hours he's come up with this new plan

453
00:22:14,880 --> 00:22:18,880
Speaker 17: that involves what they're calling Arctic Sentry, which is these

454
00:22:19,080 --> 00:22:23,520
Speaker 17: wonderful new exercises that will include Norway and Denmark and

455
00:22:23,600 --> 00:22:26,800
Speaker 17: will bring together all thirty two NATAL allies into some

456
00:22:26,920 --> 00:22:30,040
Speaker 17: sort of operational capacity in that region. The concern is

457
00:22:30,400 --> 00:22:34,760
Speaker 17: that this might be what he's agreed with Trump and

458
00:22:35,440 --> 00:22:36,720
Speaker 17: he's gone off on his own.

459
00:22:37,040 --> 00:22:38,119
Speaker 13: That is what they don't like.

460
00:22:38,400 --> 00:22:41,520
Speaker 17: But fact, you're right your initial question. Yeah, it does

461
00:22:41,680 --> 00:22:44,600
Speaker 17: seem to have been brought up into the public focus,

462
00:22:44,840 --> 00:22:48,159
Speaker 17: but it's also brought into focus, Mike, how committed is

463
00:22:48,320 --> 00:22:51,720
Speaker 17: the US to NATO under this current administration. And I

464
00:22:51,760 --> 00:22:54,600
Speaker 17: think that questions come up even more in the last

465
00:22:54,640 --> 00:22:57,359
Speaker 17: couple of hours when it's shown that the Defense Secretary

466
00:22:57,400 --> 00:23:00,760
Speaker 17: Peter Hexas will not be coming tonight. So for the

467
00:23:00,880 --> 00:23:04,879
Speaker 17: NATO Defense Minister's meeting on Thursday. Let's not forget Secretary

468
00:23:04,880 --> 00:23:08,080
Speaker 17: of State Marco Rubio canceled his participation at the NATO

469
00:23:08,400 --> 00:23:12,320
Speaker 17: Secretary of States meeting and Brussels back in December. So

470
00:23:12,920 --> 00:23:15,160
Speaker 17: not looking good. A lot of things coming to the fourth.

471
00:23:15,240 --> 00:23:19,280
Speaker 2: Right on related matters. Now, am these drones, these balloons,

472
00:23:19,320 --> 00:23:21,080
Speaker 2: all the things that were happening at the airports, around

473
00:23:21,080 --> 00:23:23,359
Speaker 2: Europe a couple of months ago. Do they still happen

474
00:23:23,600 --> 00:23:25,959
Speaker 2: or and therefore the new cycles just passed it by,

475
00:23:26,280 --> 00:23:27,840
Speaker 2: or have they actually got a solution here?

476
00:23:29,280 --> 00:23:33,440
Speaker 17: The news cycle has partly gone on, but also and

477
00:23:33,560 --> 00:23:35,560
Speaker 17: it is happening, but not to the extent that it

478
00:23:35,920 --> 00:23:39,400
Speaker 17: was happening before. What it has focused minds on there, Mike,

479
00:23:39,640 --> 00:23:44,200
Speaker 17: is the vulnerability of critical infrastructure. You cannot keep having

480
00:23:44,280 --> 00:23:47,000
Speaker 17: airports having to close down because there might be a

481
00:23:47,080 --> 00:23:49,719
Speaker 17: drone or weather balloon somewhere around. I mean, it happened

482
00:23:49,760 --> 00:23:52,000
Speaker 17: twice in Europe in the last forty eight.

483
00:23:51,920 --> 00:23:53,720
Speaker 11: Hours, So what the ear you were doing?

484
00:23:53,800 --> 00:23:57,000
Speaker 17: As I said, listen, get direct together, guys. You've got

485
00:23:57,040 --> 00:24:01,720
Speaker 17: to have a standardized EU counter drone approach, have some

486
00:24:01,960 --> 00:24:06,000
Speaker 17: sort of geo fencing requirements like no fly zone, but

487
00:24:06,200 --> 00:24:11,960
Speaker 17: also suggesting that they use these new five G radar

488
00:24:12,080 --> 00:24:14,720
Speaker 17: but as radiar basis. They've got three hundred and fifty

489
00:24:14,840 --> 00:24:18,520
Speaker 17: thousand and five G transmitters across the EU. Use that

490
00:24:18,680 --> 00:24:22,239
Speaker 17: as radar and coordinate with NATO and the Ukraine, who

491
00:24:22,240 --> 00:24:24,280
Speaker 17: of course are the big leaders when it comes to

492
00:24:24,440 --> 00:24:27,920
Speaker 17: drone technology at the moment. Do that and get these

493
00:24:28,000 --> 00:24:31,160
Speaker 17: airports safe and Also, the other thing which they're trying

494
00:24:31,200 --> 00:24:34,080
Speaker 17: to do, which is really tough here in France, is

495
00:24:34,359 --> 00:24:38,520
Speaker 17: try and get more, if you like, control over who

496
00:24:38,720 --> 00:24:41,800
Speaker 17: has drones, so you immediately know by the frequency who

497
00:24:41,880 --> 00:24:43,199
Speaker 17: owns that drone shouldn't be there.

498
00:24:43,240 --> 00:24:44,960
Speaker 2: Shouldn't it be there and make.

499
00:24:44,880 --> 00:24:47,080
Speaker 17: It very difficult for drones to be used anyway.

500
00:24:47,440 --> 00:24:50,359
Speaker 2: Should they have thought of that kind of before? Now

501
00:24:51,760 --> 00:24:53,720
Speaker 2: you would think so, wouldn't you?

502
00:24:53,960 --> 00:24:56,760
Speaker 17: Like? I mean, you take for example, here in Paris,

503
00:24:57,000 --> 00:24:59,240
Speaker 17: you cannot fly a drone in Paris. It's just not

504
00:24:59,320 --> 00:25:03,840
Speaker 17: a loud end of story. It does seem very much

505
00:25:03,920 --> 00:25:06,440
Speaker 17: as though for other places you had the idea that

506
00:25:06,560 --> 00:25:09,439
Speaker 17: you would have a no fly zone of a drone

507
00:25:09,560 --> 00:25:12,040
Speaker 17: nearby a major airport, you would have thought that was

508
00:25:12,119 --> 00:25:12,760
Speaker 17: something they'd.

509
00:25:12,600 --> 00:25:14,800
Speaker 2: Thought of a while ago. Exactly nice to JOm, Nice

510
00:25:14,800 --> 00:25:16,480
Speaker 2: talk to you, was always Catherine Field, who is in

511
00:25:16,760 --> 00:25:19,760
Speaker 2: France for us this Thursday morning, more good news on

512
00:25:20,080 --> 00:25:21,600
Speaker 2: housing for you. In a couple of moments ten away

513
00:25:21,640 --> 00:25:23,040
Speaker 2: from seven, the.

514
00:25:23,200 --> 00:25:26,240
Speaker 1: Mike Hosking Breakfast with the Defender and news Tom ted.

515
00:25:26,119 --> 00:25:29,520
Speaker 2: Be update you. It's on tomorrow or Friday. As we've

516
00:25:29,800 --> 00:25:32,159
Speaker 2: alluded to all week. Steve actually said yesterday. It may

517
00:25:32,200 --> 00:25:35,120
Speaker 2: not happen, but it has. Angus Taylor's quit. He's quit

518
00:25:35,200 --> 00:25:38,639
Speaker 2: the front bench. Next stop is possibly this afternoon and

519
00:25:38,680 --> 00:25:41,760
Speaker 2: they may hold out until Friday, depending on who's in Canberra,

520
00:25:42,359 --> 00:25:44,760
Speaker 2: but the spill is on. I'm assuming he quit because

521
00:25:44,800 --> 00:25:47,240
Speaker 2: he thinks he's got the numbers. So Lee by the

522
00:25:47,320 --> 00:25:48,520
Speaker 2: end of the week is going to be gone for

523
00:25:48,560 --> 00:25:51,159
Speaker 2: the coalition in Australia. Mike tell everyone that if one

524
00:25:51,240 --> 00:25:53,880
Speaker 2: testing is on for the next world Yes, everyone, if

525
00:25:53,920 --> 00:25:58,160
Speaker 2: one testing is on, Can I congratulate Sky because they've

526
00:25:58,160 --> 00:26:01,399
Speaker 2: got to pop up? Did a hated to if one testing?

527
00:26:01,480 --> 00:26:04,760
Speaker 2: And I'm pretty sure that's never happened before, which gives

528
00:26:04,800 --> 00:26:06,679
Speaker 2: you a good indication as to how popular if one

529
00:26:06,720 --> 00:26:09,280
Speaker 2: has become that you would cover the testing part of

530
00:26:09,320 --> 00:26:10,960
Speaker 2: the season. So they're in barh Rain for the next

531
00:26:11,000 --> 00:26:14,359
Speaker 2: couple of days ahead of the opener in Melbourne in March,

532
00:26:14,520 --> 00:26:17,159
Speaker 2: so there's a special channel dedicated to that. And speaking

533
00:26:17,200 --> 00:26:20,720
Speaker 2: of which, can I also congratulate Sky, who I discovered

534
00:26:20,760 --> 00:26:23,080
Speaker 2: by accident yesterday is running the snooker at the moment.

535
00:26:23,240 --> 00:26:27,760
Speaker 2: The current snooder My god, if one and snooker happy

536
00:26:27,840 --> 00:26:30,600
Speaker 2: to pay my sub five minutes away from seven.

537
00:26:31,280 --> 00:26:34,520
Speaker 1: All the ins and the ouse. It's the bizz with

538
00:26:34,800 --> 00:26:38,200
Speaker 1: business fiber take your business productivity to the next level.

539
00:26:38,280 --> 00:26:40,800
Speaker 2: Are you sick of the good news yet? We've got

540
00:26:40,840 --> 00:26:43,560
Speaker 2: the Cotality Pain and Gain Report Q four last year

541
00:26:43,640 --> 00:26:46,080
Speaker 2: eighty eight point one percent of residential properties sold for

542
00:26:46,119 --> 00:26:49,240
Speaker 2: a profit, which is basically the same as Q three,

543
00:26:49,280 --> 00:26:51,679
Speaker 2: which is your good news, which means that the consecutive

544
00:26:51,760 --> 00:26:56,080
Speaker 2: quarters of declining profit seem to be over. So the

545
00:26:56,160 --> 00:26:59,359
Speaker 2: national media and resale gain was almost three hundred thousand dollars.

546
00:27:00,160 --> 00:27:03,960
Speaker 2: Sale loss, if you were losing, was fifty five thousand dollars. Overall,

547
00:27:04,400 --> 00:27:07,760
Speaker 2: those who sold made four point four million. That's all everyone,

548
00:27:07,840 --> 00:27:10,120
Speaker 2: So everyone who's sold added all up comes to four

549
00:27:10,160 --> 00:27:13,080
Speaker 2: point four billion. The other eleven point nine per cent

550
00:27:13,240 --> 00:27:15,080
Speaker 2: loss of money lost two hundred million, so four point

551
00:27:15,080 --> 00:27:17,240
Speaker 2: four busus a couple hundred million dollars. Not bad numbers.

552
00:27:17,240 --> 00:27:19,920
Speaker 2: We're holding on to our properties longer, in fact, the

553
00:27:19,960 --> 00:27:22,560
Speaker 2: longest period since records began in the nineties. On average,

554
00:27:23,400 --> 00:27:26,000
Speaker 2: we held our homes for over ten years, just over

555
00:27:26,119 --> 00:27:28,600
Speaker 2: ten years home sold at a loss though they were

556
00:27:29,320 --> 00:27:31,240
Speaker 2: held for just under four years, So there's a lesson

557
00:27:31,280 --> 00:27:34,159
Speaker 2: in that standalones beat any other type of housing. Obviously

558
00:27:34,200 --> 00:27:36,480
Speaker 2: about ninety percent self for a profit, apartment at thirty

559
00:27:36,520 --> 00:27:38,920
Speaker 2: seven percent self for a loss. But that's because of

560
00:27:38,960 --> 00:27:41,200
Speaker 2: those little teny little boxes they'd built at you know,

561
00:27:41,359 --> 00:27:44,840
Speaker 2: sixty two square meters. I mean, no one's buying that crap. Regionally,

562
00:27:45,000 --> 00:27:47,800
Speaker 2: Auckland seventeen point four percent of all sales produce a

563
00:27:47,840 --> 00:27:50,280
Speaker 2: loss wy because of course Auckland is festooned with apartment

564
00:27:50,720 --> 00:27:54,240
Speaker 2: Wellington and Hamilton also had just over fifteen percent of

565
00:27:54,320 --> 00:27:56,399
Speaker 2: home selling for a lost. Christ due to resilient has there,

566
00:27:56,440 --> 00:27:59,840
Speaker 2: but only five percent six point three percent in dened

567
00:28:00,600 --> 00:28:02,680
Speaker 2: money to be made if your home has sold. What

568
00:28:02,800 --> 00:28:05,679
Speaker 2: have we got? Profits? Three hundred and sixty seven thousand

569
00:28:05,760 --> 00:28:08,959
Speaker 2: in Auckland on average. This is Hamilton two eighty two,

570
00:28:09,040 --> 00:28:11,479
Speaker 2: towering of three ninety, Wellington three fifty. It's not bad

571
00:28:11,520 --> 00:28:13,560
Speaker 2: for Wellington for a place where the poohs and the

572
00:28:13,640 --> 00:28:16,560
Speaker 2: water and half the buildings are empty because they're a

573
00:28:16,600 --> 00:28:19,840
Speaker 2: quake risk and you've got so many excuse and so

574
00:28:19,960 --> 00:28:21,760
Speaker 2: many bike laims you don't know what to do with them.

575
00:28:22,760 --> 00:28:24,960
Speaker 2: Making three and fifty thousand dollar profits not bad, Christy,

576
00:28:24,960 --> 00:28:27,920
Speaker 2: It's two nine seven to even two eight five, funger

577
00:28:28,000 --> 00:28:31,320
Speaker 2: A two to sixty, Gismond three eight five, Roderer two

578
00:28:31,400 --> 00:28:33,760
Speaker 2: fifty and for Cargo two thirty one, Nelson two ninety five,

579
00:28:33,840 --> 00:28:37,240
Speaker 2: Queens down four to five nine. So there's still plenty

580
00:28:37,240 --> 00:28:39,880
Speaker 2: of money in housing and there's it's a good and

581
00:28:40,000 --> 00:28:42,160
Speaker 2: interesting market to be held. March six. We haven't talked

582
00:28:42,200 --> 00:28:44,640
Speaker 2: about that on the program, have we. The government announced

583
00:28:44,640 --> 00:28:47,680
Speaker 2: the other day that March six is the specific date.

584
00:28:47,680 --> 00:28:50,440
Speaker 2: I'll have more on this tomorrow because I pre plan everything.

585
00:28:51,200 --> 00:28:52,840
Speaker 2: I can tell you what's going to happen next Thursday too,

586
00:28:52,880 --> 00:28:54,840
Speaker 2: but I won't because it'll just bore you. Anyway, Let's

587
00:28:54,840 --> 00:28:56,880
Speaker 2: stay excited for the here and now. March sixth is

588
00:28:56,960 --> 00:28:59,720
Speaker 2: what they've noted for foreign buyers to come back into

589
00:28:59,720 --> 00:29:01,720
Speaker 2: the cry and buy those flash homes, the five million

590
00:29:01,720 --> 00:29:04,240
Speaker 2: dollar plus home. So the effect on that's going to

591
00:29:04,240 --> 00:29:06,120
Speaker 2: be interesting. But anyway, as I say more on that

592
00:29:06,920 --> 00:29:09,880
Speaker 2: tomorrow on the program. Meantime, we must deal with this review,

593
00:29:10,280 --> 00:29:13,960
Speaker 2: how political, how material, the review of the Reserve Bank

594
00:29:14,080 --> 00:29:17,040
Speaker 2: actions during the COVID period and therefore, by default, the

595
00:29:17,280 --> 00:29:20,760
Speaker 2: Labor government of twenty twenty through twenty twenty three, and

596
00:29:20,840 --> 00:29:24,080
Speaker 2: if you like Maren Morris, She's in the country. She's

597
00:29:24,160 --> 00:29:25,480
Speaker 2: in after eight for us.

598
00:29:25,920 --> 00:29:29,800
Speaker 1: The newsmakers and the personalities, the big names talk to

599
00:29:30,000 --> 00:29:34,640
Speaker 1: Mike the mic asking, Breakfast with Vida, Retirement, communities, Life

600
00:29:34,880 --> 00:29:36,320
Speaker 1: Your Way, News, togs Head.

601
00:29:36,200 --> 00:29:37,960
Speaker 2: Be only seven past seven. So how much is the

602
00:29:38,080 --> 00:29:40,560
Speaker 2: Reserve Bank review about the fiscal response to COVID and

603
00:29:40,760 --> 00:29:43,200
Speaker 2: how much of it is about election are? Some called

604
00:29:43,200 --> 00:29:45,040
Speaker 2: it a surprise but has been on the agenda of

605
00:29:45,080 --> 00:29:47,400
Speaker 2: course this whole term. Jeff Mortlock is a former Reserve

606
00:29:47,440 --> 00:29:51,440
Speaker 2: Bank Special Advisor and is with us. Jeff mourning to you, Hey, yeah, morning, Mike.

607
00:29:51,720 --> 00:29:54,040
Speaker 2: Is the revalue in a forget the politics just for

608
00:29:54,120 --> 00:29:56,520
Speaker 2: a moment? Is the revalue in an independent report?

609
00:29:57,680 --> 00:29:58,360
Speaker 13: Absolutely?

610
00:29:59,080 --> 00:30:04,480
Speaker 18: Definitely there is. I've been advocating for that, including to

611
00:30:04,840 --> 00:30:08,000
Speaker 18: the Minister of Finance for at least two years, and

612
00:30:08,400 --> 00:30:09,480
Speaker 18: so it's well overdue.

613
00:30:09,800 --> 00:30:11,400
Speaker 2: You could have done it earlier, could have done it

614
00:30:11,480 --> 00:30:13,760
Speaker 2: in year one, year two, not year three election year.

615
00:30:13,840 --> 00:30:14,520
Speaker 2: Is that fair or not?

616
00:30:15,320 --> 00:30:16,200
Speaker 13: I think it is fair.

617
00:30:16,240 --> 00:30:17,920
Speaker 18: I think it should have been done earlier, that I've

618
00:30:17,960 --> 00:30:21,440
Speaker 18: taken too long to get onto it. I don't read

619
00:30:21,560 --> 00:30:24,800
Speaker 18: politics into it. There might be, but it should have

620
00:30:24,880 --> 00:30:25,760
Speaker 18: been done earlier.

621
00:30:26,240 --> 00:30:28,560
Speaker 2: I think, is there any value in the review the

622
00:30:28,640 --> 00:30:30,160
Speaker 2: bank did of itself or not?

623
00:30:31,480 --> 00:30:35,760
Speaker 18: Oh yeah, I think that was useful. But even though

624
00:30:35,840 --> 00:30:40,760
Speaker 18: that was internationally peer reviewed, it is not an independent review.

625
00:30:40,800 --> 00:30:43,480
Speaker 18: And I think what is needed, especially with an operationally

626
00:30:43,640 --> 00:30:48,720
Speaker 18: independent central bank, is accountability and transparency, and with that

627
00:30:48,960 --> 00:30:53,360
Speaker 18: comes the need for the Minister, using the powers and

628
00:30:54,040 --> 00:30:59,960
Speaker 18: in the Reserve Bank Act, to actually organize for commiss

629
00:31:00,400 --> 00:31:04,000
Speaker 18: and independent review. And that's what this one is.

630
00:31:04,360 --> 00:31:08,880
Speaker 2: Is their value in whatever they say, if what happens

631
00:31:08,960 --> 00:31:11,280
Speaker 2: on the day depends on who you've got appointed. I

632
00:31:11,680 --> 00:31:13,680
Speaker 2: cite Paul Conway, who still works at the bank. He

633
00:31:13,720 --> 00:31:16,200
Speaker 2: thinks it all went fantastically well. And now if the

634
00:31:16,240 --> 00:31:17,760
Speaker 2: report says it doesn't, who's right.

635
00:31:19,800 --> 00:31:19,960
Speaker 5: Well.

636
00:31:20,000 --> 00:31:23,600
Speaker 18: I put more weight on the independent report probably than

637
00:31:23,680 --> 00:31:27,280
Speaker 18: I would on what Reserve Bank staff who were there

638
00:31:27,360 --> 00:31:31,600
Speaker 18: at the time are saying. And look, there are there's

639
00:31:31,720 --> 00:31:35,960
Speaker 18: room for an array of views, multiple views. There's no

640
00:31:36,160 --> 00:31:40,640
Speaker 18: single right answer, but an independent assessment, if it's done objectively,

641
00:31:41,280 --> 00:31:43,960
Speaker 18: will shed light on things that I think. It's difficult

642
00:31:44,040 --> 00:31:46,800
Speaker 18: for someone who worked there at the time and still

643
00:31:46,840 --> 00:31:52,200
Speaker 18: works there, you know, to be purely objeviive about they

644
00:31:52,760 --> 00:31:54,600
Speaker 18: naturally defend their own actions.

645
00:31:54,720 --> 00:31:57,560
Speaker 2: It's got a foregone conclusion type vibe about it, doesn't it.

646
00:31:57,640 --> 00:32:00,000
Speaker 2: We're all expect we I mean, we all live through

647
00:32:00,280 --> 00:32:02,520
Speaker 2: this thing. We know it wasn't handled the way it

648
00:32:02,560 --> 00:32:04,920
Speaker 2: should have been. Is that what eventually is going to

649
00:32:04,920 --> 00:32:05,240
Speaker 2: be said?

650
00:32:06,880 --> 00:32:09,960
Speaker 18: I suspect, so I think it'll come out with a

651
00:32:10,040 --> 00:32:14,840
Speaker 18: number of observations and recommendations. In my sense is it

652
00:32:14,920 --> 00:32:21,320
Speaker 18: will say that the asset purchase program was a very

653
00:32:21,640 --> 00:32:26,320
Speaker 18: major costing mistake. It costs taxpayers this rate over ten

654
00:32:26,480 --> 00:32:31,600
Speaker 18: billion dollars. It probably will say it didn't achieve much

655
00:32:31,800 --> 00:32:36,640
Speaker 18: in terms of inflation objectives. If anything, it worked towards

656
00:32:37,280 --> 00:32:42,720
Speaker 18: boosting inflation at a time when that was catastrophic, was

657
00:32:43,320 --> 00:32:47,760
Speaker 18: not necessarily a boost to the real economy, which is

658
00:32:47,800 --> 00:32:49,000
Speaker 18: what it was designed.

659
00:32:48,680 --> 00:32:51,400
Speaker 2: To do exactly. Jeff Nice and I appreciate it. Jeff Lock,

660
00:32:51,440 --> 00:32:53,680
Speaker 2: former Reserve Bank special advisor. I mean he's just written

661
00:32:53,720 --> 00:32:56,600
Speaker 2: the report basically, isn't it. I mean, half the stuff

662
00:32:56,600 --> 00:32:58,480
Speaker 2: we've said on this program's written the report as well.

663
00:32:58,520 --> 00:33:00,480
Speaker 2: I think we all know where it's going. Ten seven

664
00:33:01,640 --> 00:33:04,480
Speaker 2: skiing people and willis after seven thirty, broadly on the

665
00:33:04,520 --> 00:33:06,680
Speaker 2: same subject, state of the place the economy. Our biggest

666
00:33:06,720 --> 00:33:09,920
Speaker 2: economics forum is on today Big Picture Stuff Wykatta University.

667
00:33:10,000 --> 00:33:13,040
Speaker 2: Theme is Big Choices for a Small Nation, looks at

668
00:33:13,080 --> 00:33:15,360
Speaker 2: the complex state of the economy, the tough decisions ahead,

669
00:33:15,360 --> 00:33:18,200
Speaker 2: the trade offs between global trade and national security. Who's

670
00:33:18,240 --> 00:33:22,200
Speaker 2: the moderator? Former Finance Minister Stephen Joyce, Good morning morning, Mike.

671
00:33:22,240 --> 00:33:23,160
Speaker 1: How are you very well?

672
00:33:23,200 --> 00:33:26,800
Speaker 2: Indeed? Big choices for a small nation. Are we mentally

673
00:33:27,440 --> 00:33:29,840
Speaker 2: equipped at the moment to deal with big choices and

674
00:33:29,880 --> 00:33:30,560
Speaker 2: big decisions?

675
00:33:31,960 --> 00:33:33,840
Speaker 15: Well, we'll find out over the next two days at

676
00:33:33,880 --> 00:33:38,400
Speaker 15: the Economics Forum at the University of waikatos A. It's

677
00:33:38,440 --> 00:33:40,800
Speaker 15: a huge range of topics and I think it is

678
00:33:40,800 --> 00:33:42,600
Speaker 15: a good time to talk about things that I've been

679
00:33:42,680 --> 00:33:44,480
Speaker 15: involved with this for the last five or six years

680
00:33:44,520 --> 00:33:47,680
Speaker 15: and it seems to me that things I think it's

681
00:33:47,760 --> 00:33:50,160
Speaker 15: just my age that things keep rushing at us faster.

682
00:33:51,360 --> 00:33:55,280
Speaker 15: The geopolitics, obviously, what's happening in the world, and the

683
00:33:55,400 --> 00:34:00,280
Speaker 15: issues around a whole range of things, social media impact

684
00:34:00,280 --> 00:34:02,840
Speaker 15: on our politics. All that stuff is going to get

685
00:34:02,840 --> 00:34:04,480
Speaker 15: a good chewing over the next few days.

686
00:34:04,760 --> 00:34:06,720
Speaker 2: Is it the state of the place you deal with

687
00:34:06,920 --> 00:34:08,799
Speaker 2: I in New Zealand or the state of the world

688
00:34:08,880 --> 00:34:11,719
Speaker 2: and whether we can actually do anything about it given

689
00:34:11,760 --> 00:34:12,640
Speaker 2: out simus.

690
00:34:13,360 --> 00:34:16,319
Speaker 15: Well, we can't obviously go out and create world peace.

691
00:34:17,080 --> 00:34:19,399
Speaker 15: What we can do is talk about how we can

692
00:34:19,600 --> 00:34:21,959
Speaker 15: respond to the things that are happening in the world.

693
00:34:22,080 --> 00:34:26,040
Speaker 15: And I think that's a really important conversation to keep having.

694
00:34:26,960 --> 00:34:31,360
Speaker 15: So I moderate the Macroeconomics panel, for example, and a

695
00:34:31,480 --> 00:34:34,160
Speaker 15: lot of what we talk about will be how a

696
00:34:34,480 --> 00:34:37,080
Speaker 15: country that sort of has thrived on the rules based

697
00:34:37,120 --> 00:34:40,000
Speaker 15: system is going to cope in the miter's rights system

698
00:34:40,080 --> 00:34:42,560
Speaker 15: that we seem to be moving into at the moment

699
00:34:42,719 --> 00:34:46,400
Speaker 15: where the big countries and in particular the US are

700
00:34:46,440 --> 00:34:49,960
Speaker 15: taking a different view, and how does that impact the

701
00:34:50,040 --> 00:34:52,480
Speaker 15: New Zealand economy and how do we negotiate that. We're

702
00:34:52,680 --> 00:34:56,360
Speaker 15: got a big trade session tomorrow which tries to answer

703
00:34:56,400 --> 00:35:00,279
Speaker 15: that big question about how do you keep free with

704
00:35:00,400 --> 00:35:03,319
Speaker 15: both China and US at the same time. And also

705
00:35:03,400 --> 00:35:05,080
Speaker 15: where does India fit into all this. There's a lot

706
00:35:05,120 --> 00:35:08,040
Speaker 15: of heat and light about that Indian FTA, but how

707
00:35:08,120 --> 00:35:10,480
Speaker 15: does that fit in and what's that going to contribute

708
00:35:10,560 --> 00:35:14,960
Speaker 15: to the future. So some really good talent across those,

709
00:35:15,400 --> 00:35:20,080
Speaker 15: some X ambassadors, ex Ministers of the Crown. We're having

710
00:35:20,080 --> 00:35:24,200
Speaker 15: a session on superannuation this afternoon which I'm also operating,

711
00:35:24,280 --> 00:35:28,400
Speaker 15: and I'll be discussing it with David Parker and Tracy

712
00:35:28,480 --> 00:35:30,600
Speaker 15: Martin amongst others. That'll be a family reunion.

713
00:35:30,840 --> 00:35:32,880
Speaker 2: There you go, do you reckon? Will you get to

714
00:35:32,920 --> 00:35:36,080
Speaker 2: the part where MMP is whether it's conducible or not

715
00:35:36,239 --> 00:35:38,920
Speaker 2: to making bold decisions in bold times or whether we

716
00:35:39,360 --> 00:35:41,040
Speaker 2: just are sort of a bit lost in that area.

717
00:35:41,920 --> 00:35:44,960
Speaker 15: Yes, there is a session on that today and how

718
00:35:45,040 --> 00:35:47,400
Speaker 15: well is MMP serving It's not in a sort of

719
00:35:48,280 --> 00:35:51,719
Speaker 15: necessarily and you keep it'll get rid of it discussion.

720
00:35:51,840 --> 00:35:56,920
Speaker 15: But the impact of the modern world of politics and

721
00:35:57,480 --> 00:36:01,600
Speaker 15: how we're breaking into smaller trial vibes, I think is

722
00:36:01,640 --> 00:36:04,839
Speaker 15: a big discussion, and of course the impact of social media,

723
00:36:04,840 --> 00:36:08,279
Speaker 15: which encourages people to think tribally. You know, this is

724
00:36:08,360 --> 00:36:09,799
Speaker 15: my crew. I don't want to listen to the other

725
00:36:09,880 --> 00:36:14,480
Speaker 15: crew and the impact that's having. So yeah, those were

726
00:36:14,520 --> 00:36:15,600
Speaker 15: pretty thoughtful discussions.

727
00:36:15,680 --> 00:36:17,759
Speaker 2: Should be good, all right, appreciate your time. A former

728
00:36:17,800 --> 00:36:20,239
Speaker 2: Finance Minister moderator for the day, Stephen Joyce with us

729
00:36:20,280 --> 00:36:23,719
Speaker 2: need to talk about beer in a moment fourteen past the.

730
00:36:23,960 --> 00:36:28,200
Speaker 1: Like, asking breakfast full show podcast on iHeartRadio powered by

731
00:36:28,280 --> 00:36:29,120
Speaker 1: News Talks at.

732
00:36:29,000 --> 00:36:32,279
Speaker 2: B seventeen past seven. So let's talk be another call

733
00:36:32,320 --> 00:36:34,600
Speaker 2: for a freeze on excise tax. Australia is just frozen.

734
00:36:34,640 --> 00:36:36,560
Speaker 2: There's on the draft beer. So the pub business is

735
00:36:36,640 --> 00:36:38,719
Speaker 2: doing it hard over there. At the moment, excise is

736
00:36:38,760 --> 00:36:41,439
Speaker 2: up more than twenty percent and five years consumptions fall

737
00:36:41,520 --> 00:36:43,200
Speaker 2: and which is part of the problem. The government pulls

738
00:36:43,239 --> 00:36:45,640
Speaker 2: in about four hundred and seventy million dollars from brewers

739
00:36:45,640 --> 00:36:48,960
Speaker 2: each year. Dylan Firth is the Brews Association executive director

740
00:36:49,040 --> 00:36:50,759
Speaker 2: and as well us Dylan, very good morning to you.

741
00:36:52,040 --> 00:36:52,680
Speaker 15: Good morning Mike.

742
00:36:53,120 --> 00:36:56,560
Speaker 2: It's an interesting conundrum, isn't it what you're asking for

743
00:36:56,760 --> 00:36:57,760
Speaker 2: essentially as a handout.

744
00:36:59,040 --> 00:37:01,640
Speaker 19: Well, I mean, if you look at Australia, they've frozen it,

745
00:37:01,719 --> 00:37:03,160
Speaker 19: but I think they're already one step ahead in the

746
00:37:03,200 --> 00:37:05,360
Speaker 19: fact that they have a separate rate for kegs, so

747
00:37:05,600 --> 00:37:07,959
Speaker 19: that's draft be a beer that are poured out of tax.

748
00:37:08,000 --> 00:37:09,840
Speaker 19: And so what we're saying is that in New Zealand

749
00:37:10,120 --> 00:37:12,239
Speaker 19: that's something where we should go into first, so we

750
00:37:12,280 --> 00:37:14,040
Speaker 19: can get some sort of parody there because at that

751
00:37:14,160 --> 00:37:17,000
Speaker 19: lower rate it would be much better for businesses versus

752
00:37:17,160 --> 00:37:17,600
Speaker 19: just a freeze.

753
00:37:17,800 --> 00:37:18,000
Speaker 15: Yeah.

754
00:37:18,040 --> 00:37:20,080
Speaker 2: But of course if you had no tax on beer whatsoever,

755
00:37:20,120 --> 00:37:22,279
Speaker 2: it'll be even better, wouldn't it. I mean, that's that's

756
00:37:22,360 --> 00:37:23,799
Speaker 2: because what we're arguing about.

757
00:37:24,719 --> 00:37:26,719
Speaker 19: Look, no tax on anything would be great. But unfortunately,

758
00:37:26,760 --> 00:37:27,960
Speaker 19: you know, tax is one of the things that we

759
00:37:28,080 --> 00:37:29,919
Speaker 19: have to have. But one of the things about XOS

760
00:37:29,960 --> 00:37:32,279
Speaker 19: tax is that it's increased every year with CPI, So

761
00:37:32,760 --> 00:37:34,719
Speaker 19: while a lot of other taxes don't go up, XOS

762
00:37:34,760 --> 00:37:36,839
Speaker 19: tax does. And what it's done is that it's linked

763
00:37:36,880 --> 00:37:38,960
Speaker 19: with CPI. So in the times when it is tough

764
00:37:39,040 --> 00:37:41,719
Speaker 19: and CPI is higher and people have less discretionary spend,

765
00:37:41,960 --> 00:37:44,560
Speaker 19: wishing businesses hit with higher tax rates, what we're saying

766
00:37:44,640 --> 00:37:47,200
Speaker 19: is that, well, actually, this system overall doesn't really work.

767
00:37:47,280 --> 00:37:50,440
Speaker 19: We've taken you know, one point two five billion dollars

768
00:37:50,480 --> 00:37:52,719
Speaker 19: in tax for the last five years straight now, when

769
00:37:52,760 --> 00:37:55,800
Speaker 19: it's been going up by twenty percent over that time. Overall,

770
00:37:55,840 --> 00:37:56,880
Speaker 19: that's going to be unsustainable.

771
00:37:57,000 --> 00:37:59,000
Speaker 2: Yes, it is. What the reason I'm asking the questions

772
00:37:59,040 --> 00:38:01,280
Speaker 2: the way I'm asking is, I wonder if your problem

773
00:38:01,440 --> 00:38:05,200
Speaker 2: is not actually money, it's just people are off beer

774
00:38:05,280 --> 00:38:07,239
Speaker 2: because it's not as good for you, and people are

775
00:38:07,280 --> 00:38:10,799
Speaker 2: working that there's a global move against alcohol and that's

776
00:38:10,880 --> 00:38:13,239
Speaker 2: your issue, not really what it costs. Is that fair

777
00:38:13,360 --> 00:38:13,480
Speaker 2: or not?

778
00:38:14,360 --> 00:38:16,399
Speaker 19: Oh, I think there's a combination of a number of things,

779
00:38:16,440 --> 00:38:18,360
Speaker 19: and one of them is around people choosing to moderate.

780
00:38:18,440 --> 00:38:21,319
Speaker 19: More people are drinking less overall. We're seeing higher levels

781
00:38:21,360 --> 00:38:24,520
Speaker 19: of zero percent beer consumption. You know, we're seeing less

782
00:38:24,600 --> 00:38:27,600
Speaker 19: levels of harmful drinking as well as lower levels of

783
00:38:27,719 --> 00:38:31,200
Speaker 19: drinking overall, although those are slightly different. What we do

784
00:38:31,320 --> 00:38:33,120
Speaker 19: see though, is that people are still enjoying a beer

785
00:38:33,680 --> 00:38:35,800
Speaker 19: and one of the things that's happening is that that

786
00:38:35,920 --> 00:38:37,920
Speaker 19: are not going out as much, so they'll be choosing

787
00:38:37,920 --> 00:38:39,360
Speaker 19: to drink at home. So we used to see a

788
00:38:39,480 --> 00:38:42,440
Speaker 19: kind of forty sixty percent split of bars versus hospitality.

789
00:38:42,719 --> 00:38:45,240
Speaker 19: Now it's about fifteen percent of beer sold an on premise,

790
00:38:45,280 --> 00:38:47,000
Speaker 19: and part of that is price, and a lot of

791
00:38:47,080 --> 00:38:49,080
Speaker 19: that's driven by the cost of the product, and a

792
00:38:49,120 --> 00:38:50,600
Speaker 19: lot of the cost of the product in this case

793
00:38:50,680 --> 00:38:52,560
Speaker 19: is tax. So what we're saying is that if you

794
00:38:52,920 --> 00:38:55,319
Speaker 19: split it a little bit more better or hospitality. If

795
00:38:55,320 --> 00:38:57,520
Speaker 19: ben used to have their own care grate similar to

796
00:38:57,560 --> 00:39:00,279
Speaker 19: what was in Australia, then would see that hospitality venues

797
00:39:00,320 --> 00:39:01,960
Speaker 19: probably wouldn't have to push as much to get their

798
00:39:02,000 --> 00:39:03,919
Speaker 19: margin as they need to stay open. So we don't

799
00:39:03,960 --> 00:39:06,080
Speaker 19: lose these ve news and ultimately people don't lose those

800
00:39:06,120 --> 00:39:07,360
Speaker 19: socialized spaces.

801
00:39:07,320 --> 00:39:10,840
Speaker 2: Well, argued Dylan Firth, who is the Bruis Association Executive Director.

802
00:39:10,920 --> 00:39:13,040
Speaker 2: And my suggestions in a country where we pay nine

803
00:39:13,080 --> 00:39:14,920
Speaker 2: to ten billion dollars a year on the interest on

804
00:39:15,000 --> 00:39:18,040
Speaker 2: our debt, reducing your revenue from the government's point of

805
00:39:18,120 --> 00:39:20,719
Speaker 2: view is a no go. Mike, when you're talking to

806
00:39:20,800 --> 00:39:22,840
Speaker 2: Nicola Willis, can you ask if the review of the

807
00:39:22,920 --> 00:39:25,279
Speaker 2: Reserve Bank COVID actions is time to take the heat

808
00:39:25,320 --> 00:39:28,719
Speaker 2: out of the lpg leby announcement what heat? What heat?

809
00:39:28,880 --> 00:39:30,920
Speaker 2: Let me come back to that in the moment seven twenty.

810
00:39:32,440 --> 00:39:37,240
Speaker 1: The mic Asking Breakfast Full Show podcast on iHeartRadio powered

811
00:39:37,320 --> 00:39:38,840
Speaker 1: by News talksb.

812
00:39:41,080 --> 00:39:43,680
Speaker 2: Well the Kiwi dream, right, many would agree, what is it?

813
00:39:43,680 --> 00:39:46,480
Speaker 2: It's owning your own home. We love owning our own home.

814
00:39:46,640 --> 00:39:48,360
Speaker 2: SBS Bank they've been helping key we has achieve that

815
00:39:48,440 --> 00:39:50,239
Speaker 2: dream for one hundred and fifty six years and they

816
00:39:50,280 --> 00:39:53,360
Speaker 2: are so good at it. Are the SBS they win awards,

817
00:39:53,400 --> 00:39:56,279
Speaker 2: So their purpose is very simple helping kiwis find a

818
00:39:56,360 --> 00:39:58,239
Speaker 2: place to call home. So what makes them so good?

819
00:39:58,239 --> 00:40:02,040
Speaker 2: While it's their product basically got the SPS First Home Combo,

820
00:40:02,200 --> 00:40:05,040
Speaker 2: so it is full of impressive inclusions like a heavily

821
00:40:05,080 --> 00:40:08,000
Speaker 2: discounted interest rate, a cash back offer, contribution towards the

822
00:40:08,080 --> 00:40:12,200
Speaker 2: SBS insurance home policies, money back into the SBS Wealth key,

823
00:40:12,239 --> 00:40:14,200
Speaker 2: we saber, so a lot of savings there for first

824
00:40:14,239 --> 00:40:15,919
Speaker 2: home bias. So if you're looking to buy your first

825
00:40:15,960 --> 00:40:17,719
Speaker 2: home or you got first home bias in your life,

826
00:40:17,760 --> 00:40:20,960
Speaker 2: whether it's the kids or the grandkids, SBS bank should

827
00:40:20,960 --> 00:40:22,640
Speaker 2: be that first port of call. Of course, first home

828
00:40:22,719 --> 00:40:25,520
Speaker 2: lending and eligibility criteria reply For all you need to

829
00:40:25,600 --> 00:40:28,640
Speaker 2: know though about SBS Bank's terms for use, charges, et cetera.

830
00:40:28,719 --> 00:40:30,799
Speaker 2: Go to the website. So if you're ready to follow

831
00:40:30,840 --> 00:40:33,759
Speaker 2: those awards to a great home loan, search SBS Bank

832
00:40:34,080 --> 00:40:38,400
Speaker 2: or talk to your mortgage broker about SBS First Home Combo.

833
00:40:39,080 --> 00:40:41,560
Speaker 2: Pasking glid O seven twenty four. I mean, I don't

834
00:40:41,600 --> 00:40:44,080
Speaker 2: blame Chris Hipkins and co. For, you know, for a moment,

835
00:40:44,160 --> 00:40:45,799
Speaker 2: for calling it a gas tax, which is what they've

836
00:40:45,800 --> 00:40:47,640
Speaker 2: been banging on about this week, the gas tax, The

837
00:40:47,719 --> 00:40:49,960
Speaker 2: gas tax I mean, that's politics when you're in opposition,

838
00:40:50,040 --> 00:40:52,320
Speaker 2: especially when you've got no policies yourself. You notice no

839
00:40:52,360 --> 00:40:55,160
Speaker 2: one's actually asked them what their policy is. So for

840
00:40:55,239 --> 00:40:56,960
Speaker 2: all the banging on about, you know, it's no good.

841
00:40:57,000 --> 00:41:01,120
Speaker 2: What's your policy? What I despair about is yet another

842
00:41:01,200 --> 00:41:04,360
Speaker 2: chapter of myopic nonsense around dumb words for cheap points.

843
00:41:04,400 --> 00:41:09,080
Speaker 2: The truth is comparatively simple. Most of it is indisputable.

844
00:41:09,440 --> 00:41:12,600
Speaker 2: So here's the indisputable stuff. We need more power supply

845
00:41:12,719 --> 00:41:16,279
Speaker 2: than we have. We need more reliable power supply than

846
00:41:16,320 --> 00:41:18,919
Speaker 2: we have. We got caught dangerously short in the winter

847
00:41:19,000 --> 00:41:21,719
Speaker 2: of twenty four. Labour and turning off the gas wreck

848
00:41:21,840 --> 00:41:25,360
Speaker 2: the industry caused untold damage. The huntly Cold deal is

849
00:41:25,440 --> 00:41:29,759
Speaker 2: part of the solution. An LNG importation facility is another part.

850
00:41:30,160 --> 00:41:33,800
Speaker 2: We need a power supply tap, hydro, wind and solar,

851
00:41:33,880 --> 00:41:36,320
Speaker 2: isn't it Even if it is the bulk of supply,

852
00:41:36,880 --> 00:41:40,160
Speaker 2: it is reliant on things we can't control, right, God

853
00:41:40,200 --> 00:41:42,200
Speaker 2: all that So we all agree on all of that.

854
00:41:42,360 --> 00:41:42,480
Speaker 15: Right.

855
00:41:42,560 --> 00:41:46,160
Speaker 2: So the cost of LNG is a billionish someone's got

856
00:41:46,239 --> 00:41:48,200
Speaker 2: to pay for that. The government could pay, of course,

857
00:41:48,680 --> 00:41:50,680
Speaker 2: but they would need to borrow more money. Wisely, they've

858
00:41:50,760 --> 00:41:53,880
Speaker 2: chosen not to the industry could pay through a levee.

859
00:41:54,080 --> 00:41:56,400
Speaker 2: That is what we have chosen. Will they pass that on?

860
00:41:56,640 --> 00:41:56,799
Speaker 14: Yes?

861
00:41:57,400 --> 00:41:58,120
Speaker 2: Why wouldn't they?

862
00:41:58,440 --> 00:41:59,120
Speaker 15: Do you like that?

863
00:41:59,440 --> 00:41:59,480
Speaker 5: No?

864
00:42:00,120 --> 00:42:02,360
Speaker 2: Why would you? But at all times come back to

865
00:42:02,400 --> 00:42:05,520
Speaker 2: the basic issue. Do you want heating in winter every

866
00:42:05,600 --> 00:42:08,120
Speaker 2: winter like a first world country? Do you want a

867
00:42:08,160 --> 00:42:10,840
Speaker 2: business to be able to operate at full capacity like

868
00:42:10,920 --> 00:42:13,400
Speaker 2: a first world country? So it isn't a tax. A

869
00:42:13,520 --> 00:42:15,800
Speaker 2: tax is a forced payment by government. That's not what

870
00:42:16,000 --> 00:42:18,680
Speaker 2: this is. It's an increased power bill to eventually get

871
00:42:18,719 --> 00:42:21,000
Speaker 2: a power bill that wouldn't have been as high if

872
00:42:21,040 --> 00:42:23,800
Speaker 2: we hadn't built a backstop for supply. It is the

873
00:42:23,920 --> 00:42:27,960
Speaker 2: cost of rectifying an embarrassing wrong. You might want to

874
00:42:28,040 --> 00:42:32,680
Speaker 2: remember that when you vote. Fixing broken stuff costs money. Now,

875
00:42:32,760 --> 00:42:34,880
Speaker 2: it is human to want others to pay for stuff,

876
00:42:35,000 --> 00:42:37,160
Speaker 2: but that's not how life works. If you want a

877
00:42:37,200 --> 00:42:40,040
Speaker 2: spot price of eight hundred dollars in the dead of winter,

878
00:42:40,480 --> 00:42:43,120
Speaker 2: the highest in the world, then doing nothing will work

879
00:42:43,200 --> 00:42:45,680
Speaker 2: well for you. We need more emphasis on the future

880
00:42:45,880 --> 00:42:48,840
Speaker 2: and on improvement, unless on the petty and the political

881
00:42:48,880 --> 00:42:51,880
Speaker 2: point scoring. I wouldn't have thought any of that's complicated.

882
00:42:52,000 --> 00:42:55,319
Speaker 2: Now you might not be thrilled. But it's not complicated

883
00:42:56,000 --> 00:42:58,400
Speaker 2: cosking Mike I thought the push to alcohol freeber was

884
00:42:58,400 --> 00:42:59,840
Speaker 2: supposed to be the next big thing. While it is,

885
00:43:00,360 --> 00:43:02,960
Speaker 2: and that's their real problem. Their problem is not price

886
00:43:03,320 --> 00:43:05,440
Speaker 2: and if you made stuff cheaper, suddenly people who don't

887
00:43:05,480 --> 00:43:07,479
Speaker 2: drink would flock back to drinking. That's not what it's about.

888
00:43:07,520 --> 00:43:10,200
Speaker 2: The world is moving on, rightly or wrongly from alcohol

889
00:43:10,840 --> 00:43:15,600
Speaker 2: developing scandal today it seems, and this is in part

890
00:43:15,719 --> 00:43:19,000
Speaker 2: the government's fault because in part they came to power

891
00:43:19,239 --> 00:43:22,760
Speaker 2: with this. There's too much Mara, there's too many Mari rules,

892
00:43:23,640 --> 00:43:24,920
Speaker 2: and we're going to do something about it.

893
00:43:25,040 --> 00:43:26,520
Speaker 20: That was all three.

894
00:43:26,480 --> 00:43:30,759
Speaker 2: Parties campaigned on that broad idea. So now we find

895
00:43:30,800 --> 00:43:35,120
Speaker 2: out about cultural leave. Cultural leave at ot are wrung

896
00:43:35,160 --> 00:43:38,719
Speaker 2: a tamariki. It is self defined. It's open ended. Managers

897
00:43:38,800 --> 00:43:43,000
Speaker 2: are instructed not to define or limit what constitutes cultural

898
00:43:43,080 --> 00:43:45,279
Speaker 2: leave obligation. Cultural le will allow you to go to

899
00:43:45,360 --> 00:43:47,960
Speaker 2: a court hearing, an ewe or a harpoo meeting, a

900
00:43:48,040 --> 00:43:52,520
Speaker 2: cultural performance like some kappahaka. All of these entitlements apply

901
00:43:52,680 --> 00:43:54,800
Speaker 2: only to Mari stuff. If you're Maray, you get it.

902
00:43:54,840 --> 00:43:56,759
Speaker 2: If you're not Mara, you don't non Mari, you need

903
00:43:56,840 --> 00:44:00,840
Speaker 2: to take annual leave. Karenchure has been made aware of this.

904
00:44:01,080 --> 00:44:04,160
Speaker 2: She has confirmed that this is a thing. This is true.

905
00:44:04,840 --> 00:44:07,440
Speaker 2: It doesn't quote sit well with her. She has now

906
00:44:07,520 --> 00:44:09,840
Speaker 2: asked the ministry for a Please explain, explain to me,

907
00:44:10,280 --> 00:44:12,920
Speaker 2: Karen sure, how it is your two and a bit

908
00:44:13,040 --> 00:44:16,480
Speaker 2: years into your term having campaigned on fixing this nonsense,

909
00:44:16,960 --> 00:44:19,040
Speaker 2: and this nonsense as an example, is one of the

910
00:44:19,080 --> 00:44:22,080
Speaker 2: more egregious examples of nonsense. How is this still a

911
00:44:22,160 --> 00:44:24,360
Speaker 2: thing after two and a bit years? And were you

912
00:44:24,480 --> 00:44:27,000
Speaker 2: ever real in your promise to fix it once and

913
00:44:27,080 --> 00:44:27,359
Speaker 2: for all?

914
00:44:29,239 --> 00:44:32,920
Speaker 1: Credible, compelling the Breakfast show, you can't miss. It's the

915
00:44:33,120 --> 00:44:37,040
Speaker 1: mic asking breakfast. We're the defender. Embrace the impossible news,

916
00:44:37,120 --> 00:44:37,520
Speaker 1: Tom said.

917
00:44:37,560 --> 00:44:39,760
Speaker 2: B Jaran Morris is in the country at the moment,

918
00:44:39,840 --> 00:44:42,040
Speaker 2: so we'll talk with her after eight o'clock meantime of

919
00:44:42,080 --> 00:44:44,360
Speaker 2: twenty three minutes away from ay. So what's Nikola up to?

920
00:44:44,480 --> 00:44:46,640
Speaker 2: A review of the RB's idea of how to handle

921
00:44:46,760 --> 00:44:49,520
Speaker 2: COVID is to be independently looked into. Of course, we

922
00:44:49,719 --> 00:44:52,600
Speaker 2: revisit the glory days of mass printing free money loose

923
00:44:52,640 --> 00:44:55,239
Speaker 2: handouts in a tap that seemingly never got turned off.

924
00:44:55,400 --> 00:44:58,080
Speaker 2: Nikola Willis is with us. Good morning, Good morning mate.

925
00:44:58,239 --> 00:45:01,080
Speaker 2: Did you get the political reaction you were expecting.

926
00:45:02,440 --> 00:45:05,480
Speaker 20: I was actually quite shocked by what a huge reaction

927
00:45:05,760 --> 00:45:09,960
Speaker 20: labor had to this, because I've been it pains to

928
00:45:10,040 --> 00:45:10,640
Speaker 20: a point view.

929
00:45:10,640 --> 00:45:13,840
Speaker 2: You almost said that without laughing, but you gave yourself awake.

930
00:45:14,000 --> 00:45:17,560
Speaker 2: Come on, this is political well.

931
00:45:17,880 --> 00:45:23,200
Speaker 20: Actually appointing very independent experts who are a professor in

932
00:45:23,719 --> 00:45:28,000
Speaker 20: monetary policy, people with great experience in reserve banking to

933
00:45:28,120 --> 00:45:30,880
Speaker 20: look at did the Reserve Bank get the decisions right?

934
00:45:31,040 --> 00:45:34,760
Speaker 20: Could we learn any lessons? I think is fairly standard

935
00:45:34,800 --> 00:45:37,800
Speaker 20: stuff for a government to do. My suspicion is it

936
00:45:37,840 --> 00:45:42,120
Speaker 20: wouldn't have mattered when we announced this, what the timing is.

937
00:45:42,920 --> 00:45:46,120
Speaker 20: The reaction of our political opponents would have been to say, oh,

938
00:45:46,160 --> 00:45:48,760
Speaker 20: this is all terrible. You shouldn't be asking these questions.

939
00:45:48,880 --> 00:45:52,239
Speaker 20: We should be asking these questions. We should be doing

940
00:45:52,320 --> 00:45:55,000
Speaker 20: this process and learning lessons, and that is exactly what

941
00:45:55,080 --> 00:45:55,440
Speaker 20: we will do.

942
00:45:55,840 --> 00:45:58,040
Speaker 2: Should we need to ask questions. Given it was a

943
00:45:58,120 --> 00:46:01,560
Speaker 2: gargantuan cockup, we all know it was a gargantuan cock up.

944
00:46:01,640 --> 00:46:05,200
Speaker 2: The fallout we have all lived slash, living through therefore

945
00:46:05,280 --> 00:46:06,200
Speaker 2: there's your inquiry.

946
00:46:07,320 --> 00:46:09,799
Speaker 20: Well, the problem is that the Reserve Bank did its

947
00:46:09,920 --> 00:46:13,279
Speaker 20: own review, marked its own homework and essentially said, look,

948
00:46:13,360 --> 00:46:15,640
Speaker 20: we think nothing to see here, move on. We pretty

949
00:46:15,719 --> 00:46:18,720
Speaker 20: much did what we could and I think that shows

950
00:46:18,800 --> 00:46:22,320
Speaker 20: that there hasn't been enough examination. Because of course, in

951
00:46:22,400 --> 00:46:24,840
Speaker 20: the future we would want to do some things differently.

952
00:46:25,040 --> 00:46:29,040
Speaker 20: Let's be dispassionate about what those things are and let's

953
00:46:29,080 --> 00:46:31,400
Speaker 20: make sure that as an institution, the Reserve Bank have

954
00:46:31,520 --> 00:46:34,279
Speaker 20: taken on those lessons. That is, a finance minister, I

955
00:46:34,400 --> 00:46:37,279
Speaker 20: haven't placed better protocols for the future, and that we

956
00:46:37,320 --> 00:46:40,040
Speaker 20: don't get into a situation when there's another major economic

957
00:46:40,080 --> 00:46:43,200
Speaker 20: event where we lose ten point eight billion dollars on

958
00:46:43,280 --> 00:46:46,040
Speaker 20: the bond market, where inflation spikes up to seven point

959
00:46:46,080 --> 00:46:48,839
Speaker 20: three percent, stays out of band for three years, where

960
00:46:48,880 --> 00:46:51,680
Speaker 20: asset prices spiked by thirty percent. If we can prevent

961
00:46:51,760 --> 00:46:55,080
Speaker 20: that happening again in future, we absolutely should and should

962
00:46:55,120 --> 00:46:55,879
Speaker 20: learn the lessons now.

963
00:46:56,080 --> 00:46:57,680
Speaker 2: Yeah, But the problem is you can't and you won't

964
00:46:57,719 --> 00:47:00,320
Speaker 2: because I quote Paul Conway, who was at the Reserve

965
00:47:00,360 --> 00:47:02,400
Speaker 2: banker's chief economist. He's standing in front of a Sydney

966
00:47:02,440 --> 00:47:05,680
Speaker 2: investment conference talking about the LSAP, the money printing. He

967
00:47:05,800 --> 00:47:07,759
Speaker 2: loved it, lapped it up, said it paid its way,

968
00:47:07,880 --> 00:47:09,719
Speaker 2: couldn't get enough of it. As long as you've got

969
00:47:09,760 --> 00:47:12,520
Speaker 2: a person like that in a position like his or

970
00:47:12,640 --> 00:47:14,640
Speaker 2: in his position, you're going to get the same result,

971
00:47:14,640 --> 00:47:14,920
Speaker 2: aren't you.

972
00:47:15,640 --> 00:47:19,840
Speaker 20: And that's why we've appointed independent experts to say, hang on,

973
00:47:20,040 --> 00:47:23,960
Speaker 20: Reserve Bank. Actually, with a refreshment of a bit of

974
00:47:24,040 --> 00:47:27,520
Speaker 20: time and some external perspective, why don't we think again,

975
00:47:27,640 --> 00:47:30,640
Speaker 20: and why don't you take on board some of these critiques.

976
00:47:30,680 --> 00:47:32,759
Speaker 20: And the only way really to ensure that is that

977
00:47:32,880 --> 00:47:35,840
Speaker 20: we do do an independent review in the absence of that.

978
00:47:36,400 --> 00:47:37,120
Speaker 5: I think you're right.

979
00:47:37,239 --> 00:47:39,360
Speaker 20: There are individuals at the Reserve Bank who will simply

980
00:47:39,440 --> 00:47:40,719
Speaker 20: defend everything that they did.

981
00:47:40,840 --> 00:47:41,759
Speaker 5: And that's not good enough.

982
00:47:41,960 --> 00:47:42,440
Speaker 19: No, it is not.

983
00:47:42,640 --> 00:47:44,640
Speaker 2: But equally, it's the luck of the drawer, isn't it.

984
00:47:44,680 --> 00:47:47,080
Speaker 2: Isn't that the great lesson of COVID who was the

985
00:47:47,160 --> 00:47:48,960
Speaker 2: government of the day. And if you were lucky, you

986
00:47:49,080 --> 00:47:51,239
Speaker 2: got through it better than if you were unlucky. We

987
00:47:51,360 --> 00:47:52,040
Speaker 2: were unlucky.

988
00:47:53,400 --> 00:47:55,360
Speaker 5: Well, I think this is about the future.

989
00:47:55,600 --> 00:47:58,440
Speaker 20: It's less for me about who was to blame and

990
00:47:58,520 --> 00:48:01,759
Speaker 20: who we can tell what was wrong, what it is

991
00:48:01,840 --> 00:48:04,000
Speaker 20: about is saying, well, if you were doing it again,

992
00:48:04,120 --> 00:48:07,399
Speaker 20: how would you prevent some of the overspending, How would

993
00:48:07,440 --> 00:48:10,239
Speaker 20: you prevent some of the over use of this money

994
00:48:10,320 --> 00:48:12,759
Speaker 20: printing tool, How would you make sure you got it right?

995
00:48:13,360 --> 00:48:16,239
Speaker 5: And so, actually this is about the future and doing

996
00:48:16,280 --> 00:48:17,080
Speaker 5: it better in the future.

997
00:48:17,080 --> 00:48:19,960
Speaker 20: If we were to repeat the mistakes of COVID and

998
00:48:20,160 --> 00:48:23,000
Speaker 20: just blindly ignore the lessons of history, I think that

999
00:48:23,040 --> 00:48:24,040
Speaker 20: would be a major failure.

1000
00:48:24,239 --> 00:48:26,720
Speaker 2: Who's the bigger criminal, then, the Reserve Bank or the government?

1001
00:48:27,239 --> 00:48:29,480
Speaker 20: Do you think, Well, what we've put in the terms

1002
00:48:29,520 --> 00:48:31,960
Speaker 20: of reference for this review is let's look at how

1003
00:48:32,120 --> 00:48:36,520
Speaker 20: the monetary policy response was coordinated with the fiscal policy response,

1004
00:48:36,600 --> 00:48:40,040
Speaker 20: because you can't have the reserve being operating in isolation

1005
00:48:40,719 --> 00:48:43,120
Speaker 20: from what the government is doing. So if they're printing

1006
00:48:43,200 --> 00:48:45,399
Speaker 20: lots of money and then the government's borrowing lots of money,

1007
00:48:45,760 --> 00:48:49,200
Speaker 20: those two things constantine are together, and so that question

1008
00:48:49,320 --> 00:48:51,279
Speaker 20: of how it's coordinated is one of the things we're

1009
00:48:51,280 --> 00:48:51,880
Speaker 20: going to examine.

1010
00:48:52,000 --> 00:48:54,800
Speaker 2: See, the wage subsidy is an interesting one. So Robinson

1011
00:48:54,800 --> 00:48:56,440
Speaker 2: at the time said just get the money out there,

1012
00:48:56,480 --> 00:48:58,800
Speaker 2: save some jobs. There's no question that he did save jobs,

1013
00:48:58,880 --> 00:49:01,439
Speaker 2: because that's how job get saved. You simply print money

1014
00:49:01,440 --> 00:49:03,040
Speaker 2: and you can save a job, but there was nothing

1015
00:49:03,440 --> 00:49:06,200
Speaker 2: more robust around that. Is that the sort of nuance

1016
00:49:06,320 --> 00:49:07,719
Speaker 2: potentially you're looking for or not?

1017
00:49:08,680 --> 00:49:12,280
Speaker 20: Yeah, look, I fully acknowledged support for the economy was required.

1018
00:49:12,719 --> 00:49:15,759
Speaker 20: And so the question that we're asking is, well, the

1019
00:49:15,880 --> 00:49:18,680
Speaker 20: benefits that occurred because there was this money printing and

1020
00:49:18,760 --> 00:49:20,440
Speaker 20: this borrowing are known.

1021
00:49:20,920 --> 00:49:22,879
Speaker 5: But let's examine what the costs.

1022
00:49:22,560 --> 00:49:24,560
Speaker 20: Were and then do a way up of the benefits

1023
00:49:24,560 --> 00:49:26,800
Speaker 20: for the of the costs and ask ourselves, did we

1024
00:49:26,960 --> 00:49:28,239
Speaker 20: just maybe go a bit too far?

1025
00:49:28,800 --> 00:49:31,400
Speaker 5: And in future, how would we calibrate that better?

1026
00:49:32,000 --> 00:49:34,960
Speaker 20: And look, I think the idea that New Zealanders shouldn't

1027
00:49:34,960 --> 00:49:38,840
Speaker 20: have this information before the election is really wrong because

1028
00:49:38,920 --> 00:49:41,960
Speaker 20: actually it does have a bearing on the democratic process.

1029
00:49:42,120 --> 00:49:44,399
Speaker 20: It does have a bearing on the way that people

1030
00:49:44,480 --> 00:49:45,840
Speaker 20: position themselves for the future.

1031
00:49:46,560 --> 00:49:48,880
Speaker 2: Just while I've got to you asbut yesterday's you'll be

1032
00:49:48,960 --> 00:49:51,560
Speaker 2: well aware with another profit. But more importantly, their margins

1033
00:49:51,600 --> 00:49:54,320
Speaker 2: are up again, have you achieved nothing with these guys?

1034
00:49:54,400 --> 00:49:57,280
Speaker 2: If you argue what you do that there's something amiss

1035
00:49:57,400 --> 00:49:59,399
Speaker 2: here in the banking sector if the margins are still

1036
00:49:59,440 --> 00:50:02,360
Speaker 2: going up, explain that, Well, what I.

1037
00:50:02,400 --> 00:50:04,920
Speaker 20: Am pleased to see as we're seeing more banks switching,

1038
00:50:05,040 --> 00:50:08,080
Speaker 20: which is to say New Zealanders are shopping around. They

1039
00:50:08,680 --> 00:50:10,239
Speaker 20: are saying to their bank, can I get a better

1040
00:50:10,280 --> 00:50:13,080
Speaker 20: deal elsewhere? That's what you want to see when there's

1041
00:50:13,080 --> 00:50:15,840
Speaker 20: competition occurring in a market. So I'm pleased to see that.

1042
00:50:16,560 --> 00:50:18,640
Speaker 20: But it is also the case that our work on

1043
00:50:18,719 --> 00:50:22,440
Speaker 20: banking competition continues and we are looking at questions of

1044
00:50:22,520 --> 00:50:26,560
Speaker 20: how our regime compares with international regimes, whether or not

1045
00:50:26,800 --> 00:50:28,960
Speaker 20: what's happening in New Zealand is equivalent to what those

1046
00:50:29,000 --> 00:50:32,160
Speaker 20: banks experience in Australia, and whether or not we're getting

1047
00:50:32,160 --> 00:50:34,440
Speaker 20: the settings right. I'm taking a range of advice. This

1048
00:50:34,600 --> 00:50:37,400
Speaker 20: is technical stuff. You have to be very careful. My

1049
00:50:37,520 --> 00:50:40,960
Speaker 20: bottom line is I want New Zealanders using banking services

1050
00:50:41,280 --> 00:50:43,960
Speaker 20: to be better off, and so that's the way that

1051
00:50:44,000 --> 00:50:45,200
Speaker 20: we're looking at these issues.

1052
00:50:45,280 --> 00:50:48,320
Speaker 2: I appreciate it and Nikola Willis's finance minister, Mike, is

1053
00:50:48,360 --> 00:50:50,560
Speaker 2: there any chance the inquiry might find collusion between the

1054
00:50:50,600 --> 00:50:53,120
Speaker 2: Reserve Bank and the government at the time, The collusion

1055
00:50:53,200 --> 00:50:56,560
Speaker 2: is the wrong word. I mean, the bank is allegedly independent,

1056
00:50:56,640 --> 00:50:59,200
Speaker 2: but what happened I think it's fairly clear now is

1057
00:50:59,280 --> 00:51:01,160
Speaker 2: that the Robertson view of the world happened to be

1058
00:51:01,239 --> 00:51:03,279
Speaker 2: the all view of the world, and so they happen

1059
00:51:03,360 --> 00:51:06,760
Speaker 2: to be chums. Mike announcing the Reserve Bank inquiries already

1060
00:51:06,800 --> 00:51:08,880
Speaker 2: revealed things. I never realized that Gruant Robinson had to

1061
00:51:09,000 --> 00:51:11,320
Speaker 2: sign off the money on printing. I just thought it

1062
00:51:11,440 --> 00:51:13,200
Speaker 2: was a leader that the Reserve Bank. Paul Well, I

1063
00:51:13,280 --> 00:51:16,479
Speaker 2: don't know that you Colin necessarily drawn that correctly. Either

1064
00:51:17,239 --> 00:51:21,040
Speaker 2: what in essence happened, or is supposed to happen, is

1065
00:51:21,120 --> 00:51:24,160
Speaker 2: when the finance Minister of the day decides to spend

1066
00:51:24,320 --> 00:51:27,719
Speaker 2: like this, no tomorrow, the Reserve Bank is supposed to go,

1067
00:51:27,920 --> 00:51:31,239
Speaker 2: whoa hold on that's inflationary, will tighten things up? They

1068
00:51:31,280 --> 00:51:34,759
Speaker 2: did exactly the opposite, and so hadn't concluded that. You

1069
00:51:34,840 --> 00:51:36,400
Speaker 2: can probably ask why we need a review?

1070
00:51:36,719 --> 00:51:41,600
Speaker 1: Sixteen two the Mike Asking Breakfast Full Show podcast on

1071
00:51:41,840 --> 00:51:44,000
Speaker 1: iHeartRadio pow ad By News Talks.

1072
00:51:44,040 --> 00:51:48,040
Speaker 2: It'd besby thirteen minutes away from what a trick. Day

1073
00:51:48,120 --> 00:51:51,320
Speaker 2: three of the Emma Aiken hearing was, You've got to

1074
00:51:51,360 --> 00:51:53,000
Speaker 2: be following this. If you haven't picked up and run

1075
00:51:53,040 --> 00:51:56,600
Speaker 2: with us yet, you're missing something fantastic. So Emera Akan

1076
00:51:56,719 --> 00:52:00,640
Speaker 2: is the judge that interrupted allegedly the Winston p event.

1077
00:52:00,760 --> 00:52:03,879
Speaker 2: This was at the fabulous Northern Club for a while.

1078
00:52:04,080 --> 00:52:06,760
Speaker 2: Yesterday there was a video running on the Herald website

1079
00:52:06,760 --> 00:52:09,560
Speaker 2: of a guy called Michael Reid k C. If you

1080
00:52:09,680 --> 00:52:12,600
Speaker 2: haven't seen that video, he up until this particular point

1081
00:52:12,680 --> 00:52:15,040
Speaker 2: wasn't necessarily part of any of this. But if you

1082
00:52:15,080 --> 00:52:17,560
Speaker 2: haven't seen the Michael Reid Casey video, look that up.

1083
00:52:18,200 --> 00:52:24,319
Speaker 2: That is sensational watching. Anyway, back in the room, back

1084
00:52:24,360 --> 00:52:26,080
Speaker 2: in the court room. As Holly Howard. I don't know

1085
00:52:26,160 --> 00:52:29,239
Speaker 2: Holly Howard from a bar of soap, but what a

1086
00:52:29,320 --> 00:52:32,080
Speaker 2: treat what a treatable woman she turned out to be.

1087
00:52:32,560 --> 00:52:37,560
Speaker 2: She is the New Zealand First Secretary. Her recollection of events,

1088
00:52:37,600 --> 00:52:40,520
Speaker 2: she was a witness. Her recollection of events has been

1089
00:52:40,600 --> 00:52:44,880
Speaker 2: labeled rubbish by Aiken's lawyer, David Jones QC, who says

1090
00:52:45,280 --> 00:52:48,200
Speaker 2: that Howard or accused Howard or accuses Howard of being

1091
00:52:48,280 --> 00:52:50,560
Speaker 2: influenced by others and changing the narrative to give New

1092
00:52:50,640 --> 00:52:54,279
Speaker 2: Zealand First leverage. But up until that point, Holly Howard

1093
00:52:54,360 --> 00:52:58,480
Speaker 2: said she looked Aiken. She looked beautiful, she had a

1094
00:52:58,560 --> 00:53:01,960
Speaker 2: beautiful dress, She was stunning coming down the corridor. Now,

1095
00:53:02,040 --> 00:53:04,719
Speaker 2: up until this particular point, we haven't seen the sort

1096
00:53:04,760 --> 00:53:08,800
Speaker 2: of color. It's been very dry and very judicial and

1097
00:53:08,960 --> 00:53:11,800
Speaker 2: very lawyurish. But Holly, Holly's turned the whole thing on

1098
00:53:11,880 --> 00:53:16,359
Speaker 2: its head. She looked beautiful. She had a beautiful dress.

1099
00:53:16,840 --> 00:53:19,040
Speaker 2: She was stunning coming down the corridor. Now, if I

1100
00:53:19,320 --> 00:53:23,400
Speaker 2: was Judge Akin, even though I'm facing potential dismissal and

1101
00:53:23,480 --> 00:53:27,440
Speaker 2: removal from the bench, I'd be quietly pleased at that description,

1102
00:53:27,480 --> 00:53:29,880
Speaker 2: wouldn't you if you were? If you were, I mean,

1103
00:53:29,920 --> 00:53:31,560
Speaker 2: it's a fairly due her old time at the best

1104
00:53:31,600 --> 00:53:33,719
Speaker 2: of listening to this for two weeks. But when Holly

1105
00:53:33,760 --> 00:53:35,600
Speaker 2: comes to the standard, she says that you go. Actually,

1106
00:53:35,640 --> 00:53:38,960
Speaker 2: I thought the dress was quite nice myself. I'd love

1107
00:53:39,000 --> 00:53:43,759
Speaker 2: to know what the label was. Howard, upon seeing or

1108
00:53:43,800 --> 00:53:48,880
Speaker 2: hearing the Frakha, immediately moved towards the judge and used

1109
00:53:49,000 --> 00:53:58,320
Speaker 2: quote de escalation training. Who knew that the New Zealand

1110
00:53:58,400 --> 00:54:03,120
Speaker 2: First Secretary is given de escalation training? Who was she

1111
00:54:03,239 --> 00:54:06,799
Speaker 2: given the escalation training by Winston? Now I wasn't here.

1112
00:54:07,360 --> 00:54:10,280
Speaker 2: This is de escalation training? Does that come directly from Winston?

1113
00:54:11,000 --> 00:54:13,320
Speaker 2: The man A man at the man Now there's a

1114
00:54:13,360 --> 00:54:16,400
Speaker 2: man involved here at David Galla. David Galler is the

1115
00:54:16,480 --> 00:54:20,680
Speaker 2: judge's partner. He got involved yesterday in terms of referenced

1116
00:54:20,760 --> 00:54:24,759
Speaker 2: by the man accosted Peters as the veteran politician was

1117
00:54:24,880 --> 00:54:29,080
Speaker 2: leaving the venue, accusing him of doing quote a shit job.

1118
00:54:31,680 --> 00:54:34,640
Speaker 2: Now David Galla, who I also don't know. I don't

1119
00:54:34,680 --> 00:54:39,359
Speaker 2: know any of these people. David Galla is described here

1120
00:54:39,400 --> 00:54:44,360
Speaker 2: as a celebrity doctor. So you've got a good looking

1121
00:54:44,560 --> 00:54:47,680
Speaker 2: judge in a yellow dress who's partnered up with a

1122
00:54:47,719 --> 00:54:53,640
Speaker 2: celebrity doctor. What is a celebrity doctor? How many celebrities

1123
00:54:53,719 --> 00:54:55,439
Speaker 2: do you need to treat and what sort of level

1124
00:54:55,480 --> 00:54:57,520
Speaker 2: of celebrity do they need to be before your call

1125
00:54:57,640 --> 00:55:00,400
Speaker 2: a quote unquote celebrity doctor or are you a doctor

1126
00:55:00,440 --> 00:55:06,480
Speaker 2: who is a celebrity? Good point? Good point. The hearing continues.

1127
00:55:07,680 --> 00:55:10,719
Speaker 2: Come on Tenderweight, the.

1128
00:55:10,880 --> 00:55:14,240
Speaker 1: Mic asking breakfast with Bailey's real estate news talks.

1129
00:55:14,239 --> 00:55:16,200
Speaker 2: They'd be shiving away from a good news for football

1130
00:55:16,280 --> 00:55:18,640
Speaker 2: fans this morning, all White, so I can announce to

1131
00:55:18,840 --> 00:55:21,160
Speaker 2: play England No Less ahead of the World Cup. This

1132
00:55:21,280 --> 00:55:23,719
Speaker 2: is June seven, and Florida gives us our highest ranked

1133
00:55:23,719 --> 00:55:26,680
Speaker 2: opponent in seventeen years. Andrew Pregnell is the CEO of

1134
00:55:26,760 --> 00:55:29,960
Speaker 2: New Zealand Football as well as Andrew Morning Morning mate.

1135
00:55:30,000 --> 00:55:30,560
Speaker 1: Thanks for having me.

1136
00:55:30,800 --> 00:55:32,920
Speaker 2: No, no, no worries. Does the World Cup you generally

1137
00:55:32,960 --> 00:55:36,040
Speaker 2: open up these opportunities or is this something actually really special?

1138
00:55:37,120 --> 00:55:40,279
Speaker 21: It's obviously really special, partly opened by the World Cup.

1139
00:55:41,320 --> 00:55:43,600
Speaker 21: Every team is looking for fux as ahead of those

1140
00:55:44,120 --> 00:55:47,359
Speaker 21: critical World Cup games. But increasingly over the last few

1141
00:55:47,440 --> 00:55:50,560
Speaker 21: years we've been attracting more and more in stronger opposition

1142
00:55:50,640 --> 00:55:54,440
Speaker 21: from around the world. So but yeah, England top ten nation, historic,

1143
00:55:54,520 --> 00:55:56,279
Speaker 21: the home of football, couldn't be better.

1144
00:55:56,520 --> 00:55:58,520
Speaker 2: Why Florida and do we make money from it?

1145
00:56:00,200 --> 00:56:00,600
Speaker 15: Florida?

1146
00:56:01,000 --> 00:56:04,120
Speaker 21: We're working to England there in terms of their location.

1147
00:56:05,200 --> 00:56:07,719
Speaker 21: We obviously had. We're looking at another fixture and know

1148
00:56:07,840 --> 00:56:11,520
Speaker 21: there won't be significant money for us. We're prioritizing performance

1149
00:56:11,600 --> 00:56:13,880
Speaker 21: in this If we lucky, it's sort of more of

1150
00:56:13,880 --> 00:56:14,759
Speaker 21: a break even this one.

1151
00:56:15,000 --> 00:56:15,080
Speaker 3: Right.

1152
00:56:17,160 --> 00:56:19,919
Speaker 21: Oh absolutely, yeah, look at that. I think English fans

1153
00:56:20,000 --> 00:56:23,160
Speaker 21: will flock to this World Cup. They'll be there in number,

1154
00:56:23,239 --> 00:56:24,480
Speaker 21: in the stadium, will be sold out.

1155
00:56:24,719 --> 00:56:27,719
Speaker 2: Okay, what are we Let me ask this question first

1156
00:56:27,760 --> 00:56:29,000
Speaker 2: ahead of that, because we're going to say what do

1157
00:56:29,040 --> 00:56:30,560
Speaker 2: we get out of it? What do they get out?

1158
00:56:32,239 --> 00:56:34,439
Speaker 21: Look, so, most teams are looking for two fixtures ahead

1159
00:56:34,440 --> 00:56:37,360
Speaker 21: of their World Cup games. They'll be looking to combine.

1160
00:56:37,440 --> 00:56:40,040
Speaker 21: Different teams will be approaching differently. Some are looking to experiment.

1161
00:56:40,520 --> 00:56:43,560
Speaker 21: Ultimately though, they're looking for a big hit out for

1162
00:56:44,000 --> 00:56:47,560
Speaker 21: their team to prepare in the location that works for them.

1163
00:56:48,800 --> 00:56:51,879
Speaker 21: And you know, we're increasingly seen as a strong team

1164
00:56:51,920 --> 00:56:54,520
Speaker 21: that has been competing and getting results and against top

1165
00:56:54,600 --> 00:56:55,520
Speaker 21: forty nations recently.

1166
00:56:55,719 --> 00:56:57,160
Speaker 2: Full squad for both sides.

1167
00:56:58,200 --> 00:57:02,360
Speaker 21: Yep, absolutely, both full squads and we'll be looking to

1168
00:57:02,440 --> 00:57:04,160
Speaker 21: field a very strong team obviously.

1169
00:57:03,960 --> 00:57:06,759
Speaker 2: Fantastic Finland and Chile as well. What do we learn

1170
00:57:06,800 --> 00:57:08,399
Speaker 2: out of it? I mean I don't know enough about

1171
00:57:08,400 --> 00:57:10,000
Speaker 2: football to know whether Finland's any good?

1172
00:57:10,040 --> 00:57:10,279
Speaker 5: Are they?

1173
00:57:11,160 --> 00:57:12,120
Speaker 15: Yeah, they're reasonable.

1174
00:57:12,200 --> 00:57:14,759
Speaker 21: I mean all European teams and all South American teams

1175
00:57:14,840 --> 00:57:18,720
Speaker 21: come with strengths needed have qualified for the World Cup,

1176
00:57:18,760 --> 00:57:23,040
Speaker 21: but both are ranked above us, and so those fixes

1177
00:57:23,080 --> 00:57:25,560
Speaker 21: are great. Even to bring European opposition as far to

1178
00:57:25,600 --> 00:57:28,440
Speaker 21: bring South American opposition to New Zealand's perfect.

1179
00:57:28,160 --> 00:57:29,120
Speaker 14: For us, and those are fixers.

1180
00:57:29,160 --> 00:57:31,000
Speaker 21: We absolutely should be winning heat.

1181
00:57:30,840 --> 00:57:32,520
Speaker 2: Of the World Cup and you'll have your top sides

1182
00:57:32,560 --> 00:57:33,080
Speaker 2: for that or no.

1183
00:57:34,080 --> 00:57:38,360
Speaker 21: Definitely obviously, as well documented, Chris Woods still managing an injury,

1184
00:57:38,440 --> 00:57:41,720
Speaker 21: but he's an absolute professional and so we're still working

1185
00:57:41,760 --> 00:57:43,680
Speaker 21: with him to hopefully get him back home as well.

1186
00:57:43,840 --> 00:57:45,680
Speaker 2: That's a good lineup. You've got no excuses not to

1187
00:57:45,760 --> 00:57:47,920
Speaker 2: do it well at the World Cup itself, have you.

1188
00:57:48,040 --> 00:57:50,760
Speaker 2: I mean that's a good one hundred percent.

1189
00:57:50,840 --> 00:57:52,520
Speaker 21: And for those have been following the team closely, the

1190
00:57:52,600 --> 00:57:55,320
Speaker 21: last four years have been pretty amazing in terms of fixtures,

1191
00:57:55,360 --> 00:57:58,920
Speaker 21: both at home and abroad. So our expectation is, you know,

1192
00:57:59,040 --> 00:58:00,919
Speaker 21: to do things that they have never been done before.

1193
00:58:01,000 --> 00:58:03,680
Speaker 21: Twenty ten World Cup got a kiwis. We'll remember that

1194
00:58:03,880 --> 00:58:06,160
Speaker 21: as the undefeated team. So we've got to raise the

1195
00:58:06,200 --> 00:58:07,280
Speaker 21: bar and go one better now.

1196
00:58:07,400 --> 00:58:09,360
Speaker 2: Good stuff, Andrew, nice to talk to you. Andrew Pregnell,

1197
00:58:09,360 --> 00:58:12,600
Speaker 2: who was the New Zealand football CEO. Just one more

1198
00:58:12,920 --> 00:58:14,880
Speaker 2: word on Oh no, I don't have time. I could,

1199
00:58:15,840 --> 00:58:16,560
Speaker 2: don't worry about it.

1200
00:58:16,640 --> 00:58:16,800
Speaker 5: I go.

1201
00:58:16,960 --> 00:58:19,440
Speaker 2: I've got Apple and Pear news. I got housing news,

1202
00:58:19,520 --> 00:58:22,960
Speaker 2: both of which are good. And that's before we get

1203
00:58:23,040 --> 00:58:25,200
Speaker 2: to Rod later on. I've got something there for you

1204
00:58:25,240 --> 00:58:27,800
Speaker 2: as well as marras Starbus concerning them as moil investigation.

1205
00:58:27,880 --> 00:58:29,040
Speaker 2: But what I need to get to in a moment

1206
00:58:29,120 --> 00:58:31,840
Speaker 2: is Maren Morris. She's in the country. I'm very grateful

1207
00:58:31,920 --> 00:58:34,600
Speaker 2: to our daughter actually for Maroon Morris, because our daughter

1208
00:58:34,640 --> 00:58:38,600
Speaker 2: at nineteen introduced us to Maren Morris, not literally, figuratively.

1209
00:58:39,000 --> 00:58:42,000
Speaker 2: So she's on the Old Playlist every weekend and we

1210
00:58:42,160 --> 00:58:44,680
Speaker 2: love them. So anyway, she had show last night. I

1211
00:58:44,760 --> 00:58:46,720
Speaker 2: think she got another one tonight before she heads to

1212
00:58:46,840 --> 00:58:49,680
Speaker 2: christ Jute. But Maren Morris after the News, which is

1213
00:58:49,760 --> 00:58:50,240
Speaker 2: next to your.

1214
00:58:50,200 --> 00:58:50,960
Speaker 7: News, talks.

1215
00:59:00,440 --> 00:59:04,480
Speaker 1: Asking the questions others won't the mic asking breakfast with

1216
00:59:04,680 --> 00:59:09,280
Speaker 1: Bailey's real estate altogether better across residential, commercial and rural

1217
00:59:09,400 --> 00:59:12,120
Speaker 1: news talk sad be, I've.

1218
00:59:14,800 --> 00:59:18,400
Speaker 2: I've seen and I'm La seven pass tight. Grammy winning

1219
00:59:18,480 --> 00:59:22,120
Speaker 2: country popstar Merra Morris in the country. She's eclassic Nashville

1220
00:59:22,160 --> 00:59:24,240
Speaker 2: story started at fifteen with a big dream. Twenty years

1221
00:59:24,280 --> 00:59:26,840
Speaker 2: after discovery, she's produced Billboard Top has got the Grammy,

1222
00:59:26,880 --> 00:59:29,160
Speaker 2: along with any number of multi platinum and gold record

1223
00:59:29,200 --> 00:59:31,520
Speaker 2: She's in the country and she's with us. Good morning,

1224
00:59:31,760 --> 00:59:34,920
Speaker 2: good morning, how are you look. I'm fantastic. Let me

1225
00:59:35,200 --> 00:59:36,880
Speaker 2: check if I've got this right. Last time you were here,

1226
00:59:36,920 --> 00:59:38,600
Speaker 2: twenty eighteen Nile Horrn.

1227
00:59:38,840 --> 00:59:41,640
Speaker 22: Yeah. Yeah, that was the first and last time I

1228
00:59:41,800 --> 00:59:44,800
Speaker 22: was in Auckland, but I have amazing memories of it,

1229
00:59:45,080 --> 00:59:49,280
Speaker 22: and it's yeah, already exceeded my expectations on this trip

1230
00:59:49,320 --> 00:59:49,680
Speaker 22: as well.

1231
00:59:49,880 --> 00:59:52,400
Speaker 6: We went to a vineyard in our day off and

1232
00:59:52,640 --> 00:59:54,760
Speaker 6: just yeah, like the most beautiful place in the world.

1233
00:59:55,160 --> 00:59:57,280
Speaker 2: So, how was headlining, which is what you're doing this

1234
00:59:57,360 --> 00:59:58,880
Speaker 2: time as opposed to opening last time?

1235
01:00:00,000 --> 01:00:02,520
Speaker 22: It's been incredible, Like we've only done a handful of shows,

1236
01:00:02,600 --> 01:00:06,920
Speaker 22: but the crowds are so energetic, and they're also a

1237
01:00:07,000 --> 01:00:09,440
Speaker 22: listening crowd, like they really want to hear the stories

1238
01:00:09,520 --> 01:00:12,400
Speaker 22: behind the songs and how they're written, and yeah, it's

1239
01:00:12,440 --> 01:00:14,760
Speaker 22: a great balance of like, you know, they want to

1240
01:00:14,800 --> 01:00:17,760
Speaker 22: hear the backstories, but they're also having fun and dancing,

1241
01:00:18,080 --> 01:00:21,000
Speaker 22: so it's yeah, it's a perfect perfect crowd.

1242
01:00:21,360 --> 01:00:24,680
Speaker 2: As success has come your way, how have you handled

1243
01:00:24,720 --> 01:00:27,200
Speaker 2: that transformational transition into what you are now?

1244
01:00:28,800 --> 01:00:31,320
Speaker 22: I mean, I have a lot of great friends around

1245
01:00:31,400 --> 01:00:34,360
Speaker 22: me and people that work in my camp that just

1246
01:00:34,800 --> 01:00:38,320
Speaker 22: keep the wheels rolling. But I also nothing of my

1247
01:00:38,440 --> 01:00:42,760
Speaker 22: career has happened overnight or has been like too quick

1248
01:00:42,840 --> 01:00:43,440
Speaker 22: to digest.

1249
01:00:43,520 --> 01:00:47,120
Speaker 6: I think that everything has been sort of a perfectly.

1250
01:00:46,840 --> 01:00:50,360
Speaker 22: Timed release of you know, having a song like my

1251
01:00:50,520 --> 01:00:53,480
Speaker 22: Church that was after several years of living in Nashville

1252
01:00:53,520 --> 01:00:56,160
Speaker 22: and not having a song like that, you know, uh

1253
01:00:57,160 --> 01:01:01,120
Speaker 22: burned through and so yeah, it's kind of nice. It's like,

1254
01:01:01,200 --> 01:01:03,200
Speaker 22: I don't want to roll up to Nashville the first

1255
01:01:03,720 --> 01:01:06,640
Speaker 22: day and then have this hit song. It just, you know,

1256
01:01:06,760 --> 01:01:08,840
Speaker 22: as much as like some people would love it to

1257
01:01:08,920 --> 01:01:11,320
Speaker 22: work that way, I think it's better to really, I

1258
01:01:11,360 --> 01:01:14,960
Speaker 22: don't know, like scrap for it and earn it and

1259
01:01:15,080 --> 01:01:17,680
Speaker 22: then I just feel like you have a way better

1260
01:01:17,760 --> 01:01:19,720
Speaker 22: head on your shoulders because it hasn't been.

1261
01:01:21,320 --> 01:01:22,479
Speaker 6: Such a quick rise.

1262
01:01:22,800 --> 01:01:24,680
Speaker 2: Did you feel that way going in? I mean, what's

1263
01:01:24,760 --> 01:01:26,800
Speaker 2: the line between even if you arrive in Nashville and

1264
01:01:26,920 --> 01:01:29,040
Speaker 2: you don't want instant success, There's going to be a

1265
01:01:29,120 --> 01:01:31,840
Speaker 2: line at some point at the Albarine, doesn't it if

1266
01:01:31,880 --> 01:01:34,400
Speaker 2: the success hasn't come your way and the deals haven't

1267
01:01:34,440 --> 01:01:36,920
Speaker 2: been signed, that maybe it isn't going to happen, and

1268
01:01:36,960 --> 01:01:38,680
Speaker 2: maybe that you need to go and do something else.

1269
01:01:39,200 --> 01:01:39,360
Speaker 9: Well.

1270
01:01:39,400 --> 01:01:42,600
Speaker 6: The saying in Nashville is that it's a ten year town.

1271
01:01:43,880 --> 01:01:45,600
Speaker 6: So it takes ten years.

1272
01:01:45,520 --> 01:01:50,440
Speaker 22: For most of the successful people to even have a

1273
01:01:50,600 --> 01:01:55,280
Speaker 22: song or an album that resonates, and it's sort of

1274
01:01:55,880 --> 01:01:59,360
Speaker 22: like the adage of we are all really good at

1275
01:01:59,400 --> 01:02:03,760
Speaker 22: this and surrounded by your peers that are incredible songwriters,

1276
01:02:03,840 --> 01:02:06,960
Speaker 22: and you have to just sort of resign your ego

1277
01:02:07,520 --> 01:02:09,920
Speaker 22: and know that because I think, you know, some of

1278
01:02:09,960 --> 01:02:12,400
Speaker 22: the best songwriters in the world do live in Nashville, Tennessee.

1279
01:02:12,960 --> 01:02:16,800
Speaker 22: And yeah, I mean, like they respect you more when

1280
01:02:16,840 --> 01:02:19,240
Speaker 22: you've really put the work in. And so the ten

1281
01:02:19,320 --> 01:02:24,000
Speaker 22: year town saying, I think, you know, for a lot

1282
01:02:24,040 --> 01:02:27,720
Speaker 22: of us, it's like right at the tenure mark, you're like, oh,

1283
01:02:27,920 --> 01:02:29,360
Speaker 22: something's finally breaking through.

1284
01:02:29,800 --> 01:02:32,040
Speaker 2: So you believe that good talent will get to the top.

1285
01:02:32,160 --> 01:02:34,920
Speaker 2: If you are good and determined, you will succeed.

1286
01:02:35,680 --> 01:02:36,360
Speaker 6: Yeah, I mean, I.

1287
01:02:36,400 --> 01:02:39,480
Speaker 22: Think there's obviously with any big success there is a

1288
01:02:39,640 --> 01:02:44,160
Speaker 22: dose of timing and luck all of those things. It's

1289
01:02:44,200 --> 01:02:46,800
Speaker 22: like you have to just keep going and keep your

1290
01:02:46,840 --> 01:02:51,280
Speaker 22: eye on the target because it is ever moving and

1291
01:02:52,480 --> 01:02:54,680
Speaker 22: at some point I'm gonna mess.

1292
01:02:54,760 --> 01:02:55,680
Speaker 6: This saying up.

1293
01:02:55,760 --> 01:02:56,160
Speaker 5: But it's like.

1294
01:02:57,800 --> 01:03:05,040
Speaker 22: Something about like preparation meets like consistency eventually, will you know,

1295
01:03:05,760 --> 01:03:09,560
Speaker 22: align and just boom and then it takes off and

1296
01:03:09,640 --> 01:03:13,000
Speaker 22: you're like whoa, this is a lot like at once,

1297
01:03:13,600 --> 01:03:15,600
Speaker 22: and no one can ever fully prepare you. But I

1298
01:03:15,720 --> 01:03:18,920
Speaker 22: do think having that patience for yourself and patience for

1299
01:03:19,000 --> 01:03:21,960
Speaker 22: the fact that there is so much music at everyone's

1300
01:03:22,040 --> 01:03:26,680
Speaker 22: disposal all the time, and it can be discouraging to

1301
01:03:26,760 --> 01:03:29,400
Speaker 22: feel like you're getting sort of as a new artist,

1302
01:03:29,440 --> 01:03:33,320
Speaker 22: particularly lost in the shuffle of all of these you know,

1303
01:03:33,920 --> 01:03:37,160
Speaker 22: songs that may be competition, but you just have to, like,

1304
01:03:37,440 --> 01:03:41,240
Speaker 22: I know, it's you just have to hunker down and

1305
01:03:41,600 --> 01:03:46,920
Speaker 22: keep sharpening and polishing what you do that's just yours,

1306
01:03:47,280 --> 01:03:48,760
Speaker 22: because we all have something special.

1307
01:03:50,480 --> 01:03:53,160
Speaker 6: But yeah, like I think it's also it's such a

1308
01:03:53,440 --> 01:03:56,520
Speaker 6: tricky business because everything is creative and it is so.

1309
01:03:56,680 --> 01:04:00,200
Speaker 22: Subjective that you do kind of have to just like

1310
01:04:00,440 --> 01:04:04,000
Speaker 22: have a big I mean, you could call it confidence.

1311
01:04:04,080 --> 01:04:05,400
Speaker 6: I call it like you have to have a little

1312
01:04:05,440 --> 01:04:06,120
Speaker 6: bit of delusion.

1313
01:04:06,400 --> 01:04:08,520
Speaker 2: So yeah, your head dreams. By the way, if you

1314
01:04:08,600 --> 01:04:12,880
Speaker 2: paid your parents back for funding your first album, yeah.

1315
01:04:12,920 --> 01:04:16,800
Speaker 22: Like for sure, I have definitely I hope even the

1316
01:04:17,960 --> 01:04:20,760
Speaker 22: balance there because they really didn't. I mean, like I

1317
01:04:20,800 --> 01:04:23,160
Speaker 22: didn't come from a ton of money, so they were

1318
01:04:23,240 --> 01:04:24,400
Speaker 22: I mean, my mom's a hairdresser.

1319
01:04:24,960 --> 01:04:27,280
Speaker 6: My parents owned a salon for thirty years.

1320
01:04:27,160 --> 01:04:30,360
Speaker 22: And they would just use like basically her tips to

1321
01:04:31,120 --> 01:04:34,160
Speaker 22: help get me, like studio time when I was a

1322
01:04:34,200 --> 01:04:38,560
Speaker 22: teenager and paid like the band. So yeah, but no,

1323
01:04:38,760 --> 01:04:41,960
Speaker 22: it's it's funny, like thirteen years I've lived in Nashville

1324
01:04:42,640 --> 01:04:46,840
Speaker 22: and they're just so proud of me, and they come

1325
01:04:46,920 --> 01:04:50,280
Speaker 22: to like every show they can, and you know, I'll

1326
01:04:50,280 --> 01:04:54,200
Speaker 22: always be like a Texas girl at heart, So it's

1327
01:04:54,280 --> 01:04:55,920
Speaker 22: nice when I can do hometown shows there.

1328
01:04:56,120 --> 01:04:56,760
Speaker 15: And what was that?

1329
01:04:56,880 --> 01:04:59,480
Speaker 2: I mean, you know, we're all parents and we all

1330
01:04:59,520 --> 01:05:02,000
Speaker 2: want to help our kids out. But what did they see?

1331
01:05:02,120 --> 01:05:05,720
Speaker 2: Was there a talent there so they were investing in

1332
01:05:05,840 --> 01:05:08,000
Speaker 2: something bigger? Or were it so it was a good

1333
01:05:08,040 --> 01:05:09,080
Speaker 2: investment in other words?

1334
01:05:09,240 --> 01:05:11,960
Speaker 22: I mean, yeah, I think they probably saw something that

1335
01:05:12,080 --> 01:05:14,560
Speaker 22: I did not see. I just love to sing, but

1336
01:05:14,680 --> 01:05:17,640
Speaker 22: I think they, you know, they're just really passionate music

1337
01:05:17,720 --> 01:05:20,000
Speaker 22: lovers and they have great taste. So I do think

1338
01:05:20,080 --> 01:05:23,760
Speaker 22: they had like the foresight that I did not as

1339
01:05:23,800 --> 01:05:28,560
Speaker 22: a you know child, that I had something unique in

1340
01:05:28,680 --> 01:05:33,680
Speaker 22: my vocal tone or my writing style. But no, I mean,

1341
01:05:33,720 --> 01:05:36,000
Speaker 22: I certainly don't think I would have gone this far

1342
01:05:36,440 --> 01:05:39,000
Speaker 22: if they hadn't really believed in me that much. I

1343
01:05:39,040 --> 01:05:42,880
Speaker 22: probably would have just like gone to college like everyone

1344
01:05:42,920 --> 01:05:47,000
Speaker 22: else and gotten a real job. And yeah, but like

1345
01:05:47,120 --> 01:05:49,200
Speaker 22: I definitely don't think I would have taken it this

1346
01:05:49,320 --> 01:05:50,200
Speaker 22: far without their help.

1347
01:05:50,280 --> 01:05:52,000
Speaker 2: Good stuff, Hold on it, we'll come back with more

1348
01:05:52,040 --> 01:05:53,960
Speaker 2: in mineent. Maren Morris thirteen Past.

1349
01:05:54,600 --> 01:05:58,600
Speaker 1: The Mic Hosking Breakfast Full Show podcast on iHeart Radio.

1350
01:05:58,880 --> 01:06:02,320
Speaker 2: How My News Talks It Be seventeen Past Night News

1351
01:06:02,360 --> 01:06:04,120
Speaker 2: Talk said, be Mary and Morris is the guest, right,

1352
01:06:04,160 --> 01:06:07,880
Speaker 2: We've got to talk about my church. So when you

1353
01:06:08,000 --> 01:06:11,240
Speaker 2: say Hank brings the sermon, Cash brings the ply were

1354
01:06:11,400 --> 01:06:13,960
Speaker 2: they names that were important to you to put in

1355
01:06:14,240 --> 01:06:16,439
Speaker 2: or were they just great country names that fitted into

1356
01:06:16,520 --> 01:06:17,320
Speaker 2: the lyrics nicely?

1357
01:06:17,960 --> 01:06:21,200
Speaker 22: Well, I mean I grew up covering all of those songs,

1358
01:06:21,360 --> 01:06:24,600
Speaker 22: like I was doing the sort of opry circuit and

1359
01:06:24,760 --> 01:06:29,320
Speaker 22: like just all the little country hodowns in Texas. As

1360
01:06:29,360 --> 01:06:31,360
Speaker 22: a kid, I would grow up and before I was

1361
01:06:31,480 --> 01:06:33,800
Speaker 22: really writing songs or learning the guitar, I would cover

1362
01:06:34,600 --> 01:06:38,120
Speaker 22: Hank Williams songs and Patsy Kleine and obviously Johnny Cash

1363
01:06:38,920 --> 01:06:44,720
Speaker 22: and June Carter, Dolly Loretta. They all came shortly after

1364
01:06:45,120 --> 01:06:47,120
Speaker 22: with inspiration for me. But yeah, I think it was

1365
01:06:47,320 --> 01:06:49,720
Speaker 22: like an adage to my childhood and what brought me

1366
01:06:49,840 --> 01:06:53,720
Speaker 22: to the genre. But it also short like I was

1367
01:06:53,800 --> 01:06:54,880
Speaker 22: like this sounds cool too.

1368
01:06:55,120 --> 01:06:57,000
Speaker 2: And also is it true it was written in or out?

1369
01:06:57,320 --> 01:07:01,960
Speaker 6: I think less. Actually, I think it was just one

1370
01:07:02,000 --> 01:07:03,120
Speaker 6: of those things where.

1371
01:07:04,560 --> 01:07:07,800
Speaker 22: My co writer and producer Busby, who I wrote my

1372
01:07:07,880 --> 01:07:10,680
Speaker 22: church with and who sadly is no longer with us,

1373
01:07:11,040 --> 01:07:14,480
Speaker 22: we were always very fast at writing songs.

1374
01:07:14,240 --> 01:07:16,880
Speaker 6: But like I brought this idea for my church in,

1375
01:07:19,080 --> 01:07:20,640
Speaker 6: he started.

1376
01:07:20,320 --> 01:07:24,040
Speaker 22: Building like a drum loop, which is what you hear

1377
01:07:24,240 --> 01:07:28,080
Speaker 22: at the top of the song, and I think once

1378
01:07:28,160 --> 01:07:29,080
Speaker 22: we kind of had.

1379
01:07:29,000 --> 01:07:31,160
Speaker 6: The can I get a hallelujah? Can I get an amen?

1380
01:07:31,800 --> 01:07:35,080
Speaker 22: Which was originally going to be our bridge, and then

1381
01:07:35,240 --> 01:07:38,200
Speaker 22: we just couldn't stop singing those two lines. We both

1382
01:07:38,240 --> 01:07:39,840
Speaker 22: looked at each other and were like, I think this

1383
01:07:40,000 --> 01:07:42,760
Speaker 22: is the chorus, and then I think just it clicked.

1384
01:07:42,960 --> 01:07:44,800
Speaker 22: And then the rest of the song was written in

1385
01:07:44,960 --> 01:07:47,920
Speaker 22: like forty five minutes. So it was just one of

1386
01:07:48,000 --> 01:07:53,040
Speaker 22: those like you never have the same experience twice, and

1387
01:07:53,200 --> 01:07:55,560
Speaker 22: it's very rare you get a song like that that

1388
01:07:55,760 --> 01:07:58,880
Speaker 22: just falls out of the sky and you write that

1389
01:07:59,040 --> 01:08:01,880
Speaker 22: quickly and is you come back to later and you're like, oh,

1390
01:08:01,960 --> 01:08:05,360
Speaker 22: this is still like great, it's aged well this week.

1391
01:08:05,520 --> 01:08:08,000
Speaker 22: Sometimes you have to like have new ears for it

1392
01:08:08,120 --> 01:08:09,880
Speaker 22: a couple of days later. But I just could not

1393
01:08:10,000 --> 01:08:10,600
Speaker 22: stop listening.

1394
01:08:10,800 --> 01:08:13,320
Speaker 2: So yeah, so that was my next point. So even

1395
01:08:13,360 --> 01:08:16,280
Speaker 2: after fifty minutes or whatever, you knew that was something.

1396
01:08:16,840 --> 01:08:19,800
Speaker 22: Yeah, I think there's a thing when that happens so

1397
01:08:19,960 --> 01:08:23,439
Speaker 22: quickly where we like go to lunch or something and

1398
01:08:23,520 --> 01:08:27,599
Speaker 22: then my brain like deletes the song because it has

1399
01:08:27,680 --> 01:08:31,800
Speaker 22: to reboot after like doing all of that. And he

1400
01:08:32,320 --> 01:08:37,040
Speaker 22: sent me the demo later that night, and I put

1401
01:08:37,080 --> 01:08:39,639
Speaker 22: my headphones on and I listened to it I think

1402
01:08:39,760 --> 01:08:43,320
Speaker 22: probably like fifty six times in a row, and I

1403
01:08:43,640 --> 01:08:47,560
Speaker 22: just was having this spiritual, like emotional reaction to it.

1404
01:08:47,680 --> 01:08:50,800
Speaker 22: But I was also like, this is addictive. Something in

1405
01:08:50,920 --> 01:08:55,080
Speaker 22: this is like making my like it's giving me chills.

1406
01:08:55,680 --> 01:08:58,519
Speaker 22: I also feel like it's so catchy. And then I

1407
01:08:58,680 --> 01:09:02,240
Speaker 22: was really really scared. I was like, I don't think

1408
01:09:02,280 --> 01:09:05,040
Speaker 22: I can email this to anyone right now because I'm

1409
01:09:05,080 --> 01:09:09,040
Speaker 22: afraid someone will steal it from me because at that

1410
01:09:09,120 --> 01:09:10,960
Speaker 22: point I was not signed as an artist. I was

1411
01:09:11,040 --> 01:09:12,519
Speaker 22: just a songwriter.

1412
01:09:13,040 --> 01:09:14,840
Speaker 2: And the racis is history is, I say, including your

1413
01:09:14,880 --> 01:09:16,080
Speaker 2: cals the Grammy along the way.

1414
01:09:17,600 --> 01:09:20,160
Speaker 22: Yeah, and it's still just a huge staple of my

1415
01:09:20,280 --> 01:09:23,400
Speaker 22: set list in every show, and there's just always a

1416
01:09:23,439 --> 01:09:24,639
Speaker 22: really special moment.

1417
01:09:25,040 --> 01:09:27,280
Speaker 2: So the other thing you did recently you step back

1418
01:09:27,479 --> 01:09:29,479
Speaker 2: from sort of country music in twenty twenty three, you

1419
01:09:29,520 --> 01:09:31,720
Speaker 2: took some time out from the industry. What did you

1420
01:09:31,880 --> 01:09:34,400
Speaker 2: learn from that and then stepping back in. Has it

1421
01:09:34,520 --> 01:09:35,920
Speaker 2: been worth it and is it different?

1422
01:09:36,320 --> 01:09:36,519
Speaker 10: Yeah?

1423
01:09:36,760 --> 01:09:39,880
Speaker 22: I mean I definitely had to figure out how to

1424
01:09:40,040 --> 01:09:45,200
Speaker 22: have a relationship with the music industry in a different.

1425
01:09:45,040 --> 01:09:45,720
Speaker 6: Healthier way.

1426
01:09:46,400 --> 01:09:48,479
Speaker 22: And I did need to sort of take a beat

1427
01:09:49,200 --> 01:09:51,960
Speaker 22: and figure out how do I do this and have

1428
01:09:52,280 --> 01:09:58,000
Speaker 22: the sustainability to continue on without feeling like this is

1429
01:09:58,240 --> 01:10:01,880
Speaker 22: a job now not just something I truly love doing,

1430
01:10:02,040 --> 01:10:04,760
Speaker 22: which is you know, writing songs. So yeah, I think

1431
01:10:05,000 --> 01:10:08,639
Speaker 22: it was healthy for me to just retool a little

1432
01:10:08,680 --> 01:10:11,759
Speaker 22: bit my way of moving within the industry.

1433
01:10:12,080 --> 01:10:15,360
Speaker 6: And you know, it was definitely having to step back

1434
01:10:15,439 --> 01:10:16,200
Speaker 6: from a lot of.

1435
01:10:19,240 --> 01:10:22,640
Speaker 22: Industry events and this or that, just to you know,

1436
01:10:22,800 --> 01:10:26,760
Speaker 22: sort of yeah, like protect the space. But no, I

1437
01:10:26,840 --> 01:10:29,200
Speaker 22: mean like coming back in. I It's the thing is

1438
01:10:29,280 --> 01:10:31,160
Speaker 22: like I don't feel like I really left. I just

1439
01:10:31,240 --> 01:10:33,720
Speaker 22: had to like figure out a healthier relationship to have

1440
01:10:33,880 --> 01:10:38,320
Speaker 22: with it so I could keep doing this, And yeah,

1441
01:10:38,400 --> 01:10:41,160
Speaker 22: I think that can obviously make some people, you know,

1442
01:10:41,280 --> 01:10:43,360
Speaker 22: be like, wait, what is she doing, just because like

1443
01:10:43,520 --> 01:10:47,200
Speaker 22: it's not I think a normal thing for an artist

1444
01:10:47,280 --> 01:10:50,080
Speaker 22: to like truly take care of themselves.

1445
01:10:50,920 --> 01:10:53,040
Speaker 6: So much of it is like output, and.

1446
01:10:54,760 --> 01:10:58,960
Speaker 22: You know, success, success like just topping you yourself like

1447
01:10:59,080 --> 01:11:01,120
Speaker 22: over and over, and it like you have to sort

1448
01:11:01,160 --> 01:11:04,680
Speaker 22: of either safely step off the merry ground or you

1449
01:11:04,760 --> 01:11:08,320
Speaker 22: get like flung off and I had to. Yeah, but no,

1450
01:11:08,439 --> 01:11:10,880
Speaker 22: I mean I love what I do even more now

1451
01:11:11,040 --> 01:11:14,080
Speaker 22: because I took that time to really figure out what

1452
01:11:14,200 --> 01:11:19,920
Speaker 22: I wanted out of this, Like a little debrief every

1453
01:11:19,960 --> 01:11:21,840
Speaker 22: ten years is probably like a healthy thing.

1454
01:11:22,960 --> 01:11:23,760
Speaker 13: But no, I love it.

1455
01:11:23,880 --> 01:11:26,719
Speaker 22: I feel like so much more connected to my fans

1456
01:11:27,080 --> 01:11:31,439
Speaker 22: and the crowds at my shows because you know, I

1457
01:11:31,560 --> 01:11:37,920
Speaker 22: think it's not the norm for artists to do that

1458
01:11:38,160 --> 01:11:41,519
Speaker 22: kind of thing and just take that space for themselves

1459
01:11:41,560 --> 01:11:43,840
Speaker 22: and then come back and be able to even like

1460
01:11:43,960 --> 01:11:47,200
Speaker 22: share even more of themselves because they have like some

1461
01:11:47,640 --> 01:11:49,559
Speaker 22: better boundaries up.

1462
01:11:49,840 --> 01:11:52,240
Speaker 2: If that makes sense, Yes, it does, Mike sense. Now listen,

1463
01:11:52,280 --> 01:11:55,240
Speaker 2: congratulations on a little good luck with the new album.

1464
01:11:55,640 --> 01:11:57,800
Speaker 2: I hope you stay in the country. Is fantastic joy

1465
01:11:57,840 --> 01:11:58,479
Speaker 2: to make and talk.

1466
01:11:58,360 --> 01:12:00,800
Speaker 6: With you you as well, That's lovely to meet you.

1467
01:12:01,320 --> 01:12:04,080
Speaker 2: Maraon Morris Tomorrow night, last night in Northland, hope you

1468
01:12:04,200 --> 01:12:06,439
Speaker 2: enjoyed it. Tomorrow night in christ juge A twenty.

1469
01:12:06,240 --> 01:12:11,960
Speaker 1: Three The mic Asking Breakfast with al Vida, Retirement Communities, News, Togs,

1470
01:12:12,000 --> 01:12:12,920
Speaker 1: Dead b Now.

1471
01:12:13,040 --> 01:12:15,120
Speaker 2: Magnesia one of those minerals that many of us just

1472
01:12:15,160 --> 01:12:17,000
Speaker 2: don't get enough of. And when you're low you know

1473
01:12:17,160 --> 01:12:19,760
Speaker 2: it lower energy type muscles, Paul sleep all heads up.

1474
01:12:19,760 --> 01:12:22,519
Speaker 2: But here's the thing. Not all magnesium supplements are created equal,

1475
01:12:22,560 --> 01:12:25,720
Speaker 2: which is where element twelve magnesium from about Health is

1476
01:12:25,840 --> 01:12:28,040
Speaker 2: the winner. It's a unique blend of three high quality,

1477
01:12:28,200 --> 01:12:32,479
Speaker 2: three high quality, easily absorbed forms combined with added nutrients

1478
01:12:32,520 --> 01:12:35,320
Speaker 2: works together in a synergized formula. So the results it

1479
01:12:35,400 --> 01:12:38,719
Speaker 2: supports the energy, the muscles function, the relaxation, the healthy sleep,

1480
01:12:38,760 --> 01:12:40,880
Speaker 2: all that gentle on the stomach too. So if you've

1481
01:12:40,880 --> 01:12:42,599
Speaker 2: been feeling a bit tired, you know, but run down

1482
01:12:42,680 --> 01:12:45,760
Speaker 2: not quite yourself lately, could be the magnesium. And right

1483
01:12:45,800 --> 01:12:48,120
Speaker 2: now we got twenty percent off the three month supply

1484
01:12:48,200 --> 01:12:51,160
Speaker 2: of element twelve magnesium. When you use the code breakfast.

1485
01:12:51,240 --> 01:12:53,720
Speaker 2: Of course, read the label take only as directed. It's

1486
01:12:53,760 --> 01:12:56,080
Speaker 2: all from about Health, but the phone number is eight

1487
01:12:56,160 --> 01:12:58,479
Speaker 2: hundred triple nine three oh nine. It's online at about

1488
01:12:58,560 --> 01:13:00,360
Speaker 2: health dot co dot in zed. The deal will not

1489
01:13:00,520 --> 01:13:04,200
Speaker 2: last long. Order yours today. The element twelve from About

1490
01:13:04,280 --> 01:13:07,800
Speaker 2: Health asking Mike you have to say please step off

1491
01:13:07,800 --> 01:13:10,679
Speaker 2: the roundabout or get flung off? Is that a lyrics,

1492
01:13:10,720 --> 01:13:13,599
Speaker 2: not a bad lyrics? It lindsay, and she's delightful, glad

1493
01:13:13,640 --> 01:13:15,280
Speaker 2: we got her on the program and chatted with her.

1494
01:13:15,320 --> 01:13:17,560
Speaker 2: And if you're going tonight tomorrow night in christ you

1495
01:13:17,640 --> 01:13:20,760
Speaker 2: just enjoy that. Is Starmer still in this hole very much?

1496
01:13:20,880 --> 01:13:20,920
Speaker 21: So?

1497
01:13:21,160 --> 01:13:24,360
Speaker 2: Has he stopped digging? Doesn't appear so Rod Little will

1498
01:13:24,360 --> 01:13:26,760
Speaker 2: be updating just a couple of moments for you. News

1499
01:13:26,880 --> 01:13:28,280
Speaker 2: is next, your News, Talk.

1500
01:13:28,160 --> 01:13:38,560
Speaker 1: ZEDB, opinionated, informed, unapologetic, the mic asking breakfast with a Vita, retirement, communities,

1501
01:13:38,840 --> 01:13:40,760
Speaker 1: Life your Way, News Talks head B.

1502
01:13:41,040 --> 01:13:44,160
Speaker 2: So the plan was this is how Starmer's weeks going, remembering,

1503
01:13:44,200 --> 01:13:46,240
Speaker 2: of course it's only Wednesday night in that particular part

1504
01:13:46,280 --> 01:13:50,040
Speaker 2: of the world. So the scandal breaks, mandelssoon's a problem.

1505
01:13:51,320 --> 01:13:54,800
Speaker 2: Starma decides to feed some some some meat to the

1506
01:13:54,880 --> 01:13:56,640
Speaker 2: baying crowd, and that came in the form of a

1507
01:13:56,680 --> 01:14:00,840
Speaker 2: couple of staffers who were gone. The calls then sort

1508
01:14:00,880 --> 01:14:02,880
Speaker 2: of abated to a degree because they had the big

1509
01:14:02,960 --> 01:14:05,000
Speaker 2: meeting in the labor impeace seemed to beck him to

1510
01:14:05,200 --> 01:14:07,920
Speaker 2: some degree or another. Then came the moyl a fear.

1511
01:14:07,960 --> 01:14:10,040
Speaker 2: If you're not sure about the moil appeal, explain all

1512
01:14:10,080 --> 01:14:11,360
Speaker 2: of that in the moment, But all of this is

1513
01:14:11,439 --> 01:14:13,639
Speaker 2: continuing to play out in the commons.

1514
01:14:13,960 --> 01:14:17,800
Speaker 10: Nobody buys it, mister Speaker, not even not even the

1515
01:14:17,960 --> 01:14:20,679
Speaker 10: labor women, because they know he always puts the Downing

1516
01:14:20,720 --> 01:14:24,600
Speaker 10: Street Boys club first. And how dare he criticize us?

1517
01:14:24,880 --> 01:14:28,240
Speaker 10: We want the one stuff in government with hypocrites and pedophile.

1518
01:14:27,760 --> 01:14:34,400
Speaker 3: Apologists, international correspondence with insitn eye insurance, peace of mind

1519
01:14:34,479 --> 01:14:35,400
Speaker 3: for New Zealand.

1520
01:14:35,120 --> 01:14:36,000
Speaker 1: Business, what little?

1521
01:14:36,040 --> 01:14:36,519
Speaker 2: How are you.

1522
01:14:38,439 --> 01:14:42,960
Speaker 13: Better than Kia? I'm all right, if we're to be honest,

1523
01:14:43,680 --> 01:14:46,519
Speaker 13: this is going to run and run. I mean you

1524
01:14:46,640 --> 01:14:49,360
Speaker 13: will still ask me, will he goes, and I will

1525
01:14:49,400 --> 01:14:52,400
Speaker 13: still have to reply I have no idea because he

1526
01:14:52,560 --> 01:14:57,240
Speaker 13: cleans on. He cleans on like the stubborness stain on

1527
01:14:57,360 --> 01:14:59,600
Speaker 13: the side of a bass that hasn't been used for

1528
01:15:00,120 --> 01:15:00,760
Speaker 13: fifty years.

1529
01:15:00,800 --> 01:15:01,320
Speaker 11: You know, he.

1530
01:15:03,200 --> 01:15:07,160
Speaker 13: Does have a survival instinct and it was remarkable today

1531
01:15:07,200 --> 01:15:12,240
Speaker 13: in the House of Commons. Kenny Badenoch, the leader of

1532
01:15:12,280 --> 01:15:17,559
Speaker 13: the opposition the Conservatives, was described by one newspaper today

1533
01:15:17,600 --> 01:15:23,120
Speaker 13: as turning into sid Vicious. It's exactly what you need,

1534
01:15:23,400 --> 01:15:27,240
Speaker 13: and she ovicerated him. You know, he has no ground

1535
01:15:27,280 --> 01:15:31,000
Speaker 13: to stand on when you think that Boris Johnson was

1536
01:15:31,080 --> 01:15:34,880
Speaker 13: removed for eating a piece of cake, you know, during lockdown,

1537
01:15:35,880 --> 01:15:40,080
Speaker 13: and you see what's happened here and the latest problem

1538
01:15:40,320 --> 01:15:45,760
Speaker 13: is that you know, he gave us back into to

1539
01:15:45,960 --> 01:15:53,679
Speaker 13: Lord Doyle who had campaigned on behalf of a child

1540
01:15:53,840 --> 01:15:57,759
Speaker 13: sex abuser or someone who admitted in decent child image

1541
01:15:57,800 --> 01:16:04,760
Speaker 13: offenses ten years ago, years ago. And where Kenny hit

1542
01:16:04,880 --> 01:16:10,519
Speaker 13: home was in that clip you played where she talked

1543
01:16:10,560 --> 01:16:15,160
Speaker 13: about labor women and the boys Club. And that is

1544
01:16:15,240 --> 01:16:18,719
Speaker 13: a huge, huge issue for an awful lot of labor

1545
01:16:19,160 --> 01:16:23,479
Speaker 13: female labor MPs, including a friend of mine, Roses Duffield,

1546
01:16:23,920 --> 01:16:26,840
Speaker 13: who left the party a year and a half ago

1547
01:16:27,880 --> 01:16:31,920
Speaker 13: despite being MPs at Canterbury because she thought that this

1548
01:16:32,200 --> 01:16:34,400
Speaker 13: was that it was basically a boys club.

1549
01:16:34,960 --> 01:16:36,120
Speaker 2: It was one of the things I was reading the

1550
01:16:36,200 --> 01:16:39,080
Speaker 2: other day sort of looking at the options, and you know,

1551
01:16:39,200 --> 01:16:43,479
Speaker 2: the sort of strategic resignations by ministers, a spill, all

1552
01:16:43,520 --> 01:16:45,800
Speaker 2: that sort of stuff. One of the arguments was the

1553
01:16:45,920 --> 01:16:49,839
Speaker 2: women go to him and they are particularly angry and aggrieved,

1554
01:16:50,000 --> 01:16:53,600
Speaker 2: and rightly so over Mendelssohn and put the pressure on.

1555
01:16:53,760 --> 01:16:56,120
Speaker 2: And so I mean, as we said here, any of

1556
01:16:56,240 --> 01:16:58,720
Speaker 2: those options, whether it be you know, a spill or

1557
01:16:58,760 --> 01:17:02,720
Speaker 2: the women or the what are they still likely or

1558
01:17:04,040 --> 01:17:06,639
Speaker 2: if he can ride this out in the new cycle,

1559
01:17:06,680 --> 01:17:09,000
Speaker 2: being the new cycle in a week's time, will have

1560
01:17:09,040 --> 01:17:09,519
Speaker 2: all moved on.

1561
01:17:10,760 --> 01:17:16,800
Speaker 13: Well, if he could ride it out, I suspect I

1562
01:17:16,920 --> 01:17:20,760
Speaker 13: suspect he can. Now now that you know, a week

1563
01:17:20,960 --> 01:17:24,000
Speaker 13: or more has passed since the Mandelson episode, and the

1564
01:17:24,400 --> 01:17:29,360
Speaker 13: parliamentary labor parties singularly failed to deliver a sort of

1565
01:17:29,560 --> 01:17:32,960
Speaker 13: killing blow to Starma in the meeting earlier in the week,

1566
01:17:34,080 --> 01:17:36,439
Speaker 13: because one is to stop him, and of course they

1567
01:17:36,479 --> 01:17:40,120
Speaker 13: are handstrung by a complete and utter absence of anyone

1568
01:17:40,280 --> 01:17:43,920
Speaker 13: remotely qualified to take the job. I think everybody knows

1569
01:17:44,000 --> 01:17:47,439
Speaker 13: that Angela Rayner, who is already you know, under suspicion

1570
01:17:47,520 --> 01:17:51,400
Speaker 13: for her tax dealings and is still being investigated, would

1571
01:17:51,439 --> 01:17:56,440
Speaker 13: be a disastrous choice by the same token West streeting

1572
01:17:57,000 --> 01:18:00,479
Speaker 13: the Health secretary has no support of the left of

1573
01:18:00,560 --> 01:18:04,280
Speaker 13: the party and is also tainted by associations with Mandelsshon.

1574
01:18:04,680 --> 01:18:08,320
Speaker 13: And then there's hitch millivand Ed Milliband is rapidly becoming

1575
01:18:08,360 --> 01:18:13,880
Speaker 13: the most likely and that was my suspicion, is that

1576
01:18:14,040 --> 01:18:19,760
Speaker 13: that would lead to a catastrophic election loss, worse than

1577
01:18:19,920 --> 01:18:23,680
Speaker 13: Ed's in twenty fifteen, and you know, worse than the

1578
01:18:23,760 --> 01:18:25,559
Speaker 13: Tories in twenty twenty four.

1579
01:18:25,720 --> 01:18:27,880
Speaker 2: Before I forget, let me ask you about since we

1580
01:18:28,000 --> 01:18:31,639
Speaker 2: last talk, the we're streeting releasing of the messages between

1581
01:18:31,720 --> 01:18:35,280
Speaker 2: him and Mendelssohn on his own volition and for and

1582
01:18:35,560 --> 01:18:38,640
Speaker 2: his suggestion he wasn't actually mates with Mendelssohn or that

1583
01:18:39,160 --> 01:18:42,519
Speaker 2: chummy with Mendelssohn at all. Then comes the missive from

1584
01:18:42,680 --> 01:18:46,400
Speaker 2: high up saying can we please not release messages? Was

1585
01:18:46,479 --> 01:18:48,160
Speaker 2: there anything behind that or not?

1586
01:18:50,479 --> 01:18:53,000
Speaker 13: I think it's where's trying to be as clean as

1587
01:18:53,120 --> 01:18:58,800
Speaker 13: is possible. And having been named in the press as

1588
01:18:58,880 --> 01:19:02,000
Speaker 13: being an ally of Man, he is an ally at Mambleson,

1589
01:19:02,000 --> 01:19:05,800
Speaker 13: there is no question about that. And Mandleson Mammalson thought

1590
01:19:05,800 --> 01:19:08,280
Speaker 13: of him as a bit of a protege. But what

1591
01:19:09,160 --> 01:19:12,600
Speaker 13: We's actually had to say was that his constituency was

1592
01:19:12,640 --> 01:19:16,280
Speaker 13: going to fall to the Muslims or to a probe

1593
01:19:16,320 --> 01:19:20,120
Speaker 13: Muslim organization such as a Green Party for example, and

1594
01:19:20,280 --> 01:19:23,280
Speaker 13: that this was a consequence of battle leadership by by

1595
01:19:23,400 --> 01:19:27,439
Speaker 13: Sekir Starmer. And that tells you. That tells you more,

1596
01:19:27,600 --> 01:19:33,920
Speaker 13: I think than the ramifications of why Streeting was releasing stuff.

1597
01:19:34,000 --> 01:19:37,200
Speaker 13: You know there are I would guess two hundred and

1598
01:19:37,320 --> 01:19:44,320
Speaker 13: fifty Labor MPs now looking very very gingerly at their constituencies.

1599
01:19:43,920 --> 01:19:46,640
Speaker 2: Exactly what the NIXT porter call, as far as I

1600
01:19:46,680 --> 01:19:48,920
Speaker 2: can work out, So even if he survives Mandelssohn, Thean

1601
01:19:49,000 --> 01:19:51,920
Speaker 2: Doyle nixt port of call is the biolection of Manchester,

1602
01:19:52,000 --> 01:19:54,080
Speaker 2: which is not far away. If they lose that, and

1603
01:19:54,200 --> 01:19:56,240
Speaker 2: lose that badly. See, they should never lose because the've

1604
01:19:56,280 --> 01:19:58,759
Speaker 2: held it for a million years. Is that a trigger?

1605
01:20:01,080 --> 01:20:07,120
Speaker 13: Probably not, because in the first instance, the Labor Party

1606
01:20:07,240 --> 01:20:09,559
Speaker 13: let it be known that they expected to lose the election,

1607
01:20:11,560 --> 01:20:14,840
Speaker 13: that they expected Reform to win that by election. Now

1608
01:20:15,680 --> 01:20:18,479
Speaker 13: I don't think Reform will win it. I think the

1609
01:20:18,600 --> 01:20:22,720
Speaker 13: Greens might well win it, though Labor is still in there.

1610
01:20:23,560 --> 01:20:26,320
Speaker 13: And there's what is there two weeks to go before

1611
01:20:26,400 --> 01:20:31,840
Speaker 13: the before polling day. It could go either way. It

1612
01:20:32,000 --> 01:20:37,880
Speaker 13: could perversely if Labor comes a strong second, be a

1613
01:20:38,080 --> 01:20:43,280
Speaker 13: Philip to secure Starmer. But I mean that's the kind

1614
01:20:43,320 --> 01:20:45,719
Speaker 13: of mental politics we have over here at the moment.

1615
01:20:47,439 --> 01:20:50,360
Speaker 2: Goodness, DOERGI your own little is Beck next week. Just

1616
01:20:50,479 --> 01:20:53,240
Speaker 2: briefly as regards what we were talking about with Catherine,

1617
01:20:53,400 --> 01:20:58,599
Speaker 2: the EU and NATO and the Arctic was also announced

1618
01:20:58,640 --> 01:21:00,880
Speaker 2: yesterday and Britain by John Healey is the defense Man

1619
01:21:01,000 --> 01:21:03,080
Speaker 2: that the number of British troops in Norway is going

1620
01:21:03,120 --> 01:21:05,479
Speaker 2: to double over the next three years. Are also the

1621
01:21:05,560 --> 01:21:07,600
Speaker 2: Royal Marine Commandos are going to take part in the

1622
01:21:07,600 --> 01:21:11,400
Speaker 2: Big NATO exercise in March next month, large scale drill

1623
01:21:11,439 --> 01:21:16,320
Speaker 2: in Norway, Finland, Sweden. Then in September, the Joint Expeditionary

1624
01:21:16,479 --> 01:21:20,799
Speaker 2: Force will conduct an exercise known as Lion Protector, involving

1625
01:21:20,840 --> 01:21:24,280
Speaker 2: AirLand and naval forces from several European nations. So the military,

1626
01:21:24,400 --> 01:21:25,880
Speaker 2: I'm very active in that part of the world at

1627
01:21:25,920 --> 01:21:26,200
Speaker 2: the moment.

1628
01:21:26,280 --> 01:21:26,439
Speaker 17: Six.

1629
01:21:26,760 --> 01:21:28,040
Speaker 2: No, it's not eight forty five.

1630
01:21:29,120 --> 01:21:33,720
Speaker 1: The Asking Breakfast Full Show podcast on iHeartRadio powered by

1631
01:21:33,800 --> 01:21:34,600
Speaker 1: News Talks.

1632
01:21:34,320 --> 01:21:37,400
Speaker 2: At b I've just been announced that James Vanderbeek, the

1633
01:21:37,760 --> 01:21:40,800
Speaker 2: actor from Dawson's Creek, has passed away at the age

1634
01:21:40,880 --> 01:21:44,960
Speaker 2: of forty eight. A couple of other things I mentioned yesterday.

1635
01:21:44,960 --> 01:21:46,920
Speaker 2: We were talking this time with Steve about a New

1636
01:21:46,960 --> 01:21:51,160
Speaker 2: Zealand and at this new Western Sydney airport in New

1637
01:21:51,240 --> 01:21:52,880
Speaker 2: Zealand came back to us, which is good. Of them,

1638
01:21:52,960 --> 01:21:55,080
Speaker 2: are mid It's in their interests depart from anything else,

1639
01:21:55,800 --> 01:21:59,000
Speaker 2: that they'll be at both airports, which is good because

1640
01:21:59,000 --> 01:22:01,120
Speaker 2: I couldn't work out why wouldn't be, but they are,

1641
01:22:01,240 --> 01:22:03,960
Speaker 2: so that's good. So Western Sydney gives people options, of course,

1642
01:22:04,000 --> 01:22:05,600
Speaker 2: but most of us who go to Sydney want to

1643
01:22:05,680 --> 01:22:07,680
Speaker 2: land as close to town as possible, so they'll still

1644
01:22:07,720 --> 01:22:10,360
Speaker 2: be going into Kingsford Smith, which is good. The other

1645
01:22:10,439 --> 01:22:12,439
Speaker 2: thing I alluded to briefly but didn't have time very

1646
01:22:12,479 --> 01:22:15,639
Speaker 2: good news on the apple and pear front, because harvest

1647
01:22:15,760 --> 01:22:17,800
Speaker 2: is under weigh. I've got a very good apple and

1648
01:22:17,960 --> 01:22:21,120
Speaker 2: pear harvest this year. Actually, as it turns out, I'm

1649
01:22:21,160 --> 01:22:24,120
Speaker 2: not putting it into the marketplace. But nevertheless, things things

1650
01:22:24,160 --> 01:22:28,040
Speaker 2: at our place are foandom figs. This fig season at

1651
01:22:28,120 --> 01:22:31,960
Speaker 2: our place is going to be exponential. It's each year

1652
01:22:32,240 --> 01:22:34,240
Speaker 2: that I've had the figs, they've got better and better

1653
01:22:34,320 --> 01:22:37,320
Speaker 2: and better. And we pruned heavily a couple of years ago,

1654
01:22:37,520 --> 01:22:40,200
Speaker 2: and the crop this year it's not ready. It'll be

1655
01:22:40,320 --> 01:22:43,720
Speaker 2: I'm guessing a month away. But the pears, the apples,

1656
01:22:44,280 --> 01:22:47,439
Speaker 2: citrus has been amazing. But the figs are off the

1657
01:22:47,520 --> 01:22:50,280
Speaker 2: scale anyway, Where was apple and pear? They say exceptional

1658
01:22:50,320 --> 01:22:53,599
Speaker 2: fruit quality, which is always good, big pack out rates.

1659
01:22:53,720 --> 01:22:57,479
Speaker 2: They're underway at the moment quintessential growing season, which is

1660
01:22:57,800 --> 01:22:59,840
Speaker 2: it's very important to remind because we've had a lot

1661
01:22:59,840 --> 01:23:02,160
Speaker 2: of bad news around the weather and this is on

1662
01:23:02,240 --> 01:23:04,640
Speaker 2: the media as well. And as you know, obviously you

1663
01:23:04,680 --> 01:23:06,599
Speaker 2: look at the East Coast as we were yesterday because

1664
01:23:06,640 --> 01:23:08,840
Speaker 2: of that new map that came out, and you can't

1665
01:23:09,000 --> 01:23:10,720
Speaker 2: I mean, it's a disaster, you can't argue with that.

1666
01:23:10,880 --> 01:23:14,080
Speaker 2: But for large chunks of the country it's actually been

1667
01:23:14,120 --> 01:23:17,000
Speaker 2: a great summer and a great growing season, and we've

1668
01:23:17,000 --> 01:23:18,599
Speaker 2: had the right amount of rain and the right amount

1669
01:23:18,600 --> 01:23:23,320
Speaker 2: of sun and that's good and largely quintessential growing season

1670
01:23:23,400 --> 01:23:25,840
Speaker 2: across key regions. That's what apple and pears are saying.

1671
01:23:26,320 --> 01:23:29,439
Speaker 2: This year's improved productivity. The numbers are a real game

1672
01:23:29,600 --> 01:23:33,960
Speaker 2: change for growers, which is good because it's bank it's money, warm, dry, spring,

1673
01:23:35,160 --> 01:23:38,760
Speaker 2: good growing degree days, high levels of solar radiation, which

1674
01:23:38,800 --> 01:23:41,840
Speaker 2: is a flashway of saying sunshine. So we look forward

1675
01:23:41,880 --> 01:23:43,599
Speaker 2: to the crop when it hits the market.

1676
01:23:43,760 --> 01:23:45,240
Speaker 15: Ten to nine, the.

1677
01:23:45,479 --> 01:23:48,840
Speaker 1: Mike honking, breakfast with the defender and use togs head.

1678
01:23:48,720 --> 01:23:50,599
Speaker 2: B So let's face it, the way we do business

1679
01:23:50,680 --> 01:23:52,400
Speaker 2: moved on from land lines, face to face, all that

1680
01:23:52,439 --> 01:23:55,080
Speaker 2: stuff mostly online these days. So that means what means

1681
01:23:55,120 --> 01:23:58,639
Speaker 2: your internet connection vital vital investments are kei we Businesses

1682
01:23:58,760 --> 01:24:01,479
Speaker 2: of every size shouldn't sure that you know the old

1683
01:24:01,520 --> 01:24:05,439
Speaker 2: Internet provides uncompromising reliability and bandwidth and better restoration service

1684
01:24:05,479 --> 01:24:07,160
Speaker 2: to minimize downtown. That's what you want. You want to

1685
01:24:07,200 --> 01:24:09,240
Speaker 2: get on with business, which is which is why New

1686
01:24:09,320 --> 01:24:12,040
Speaker 2: Zealand business runs of course on business fibers. So what

1687
01:24:12,120 --> 01:24:15,080
Speaker 2: do you get with that? Seamless video calls, upload, download

1688
01:24:15,120 --> 01:24:17,120
Speaker 2: large files, quick, smart, no worries it all carry outs

1689
01:24:17,160 --> 01:24:21,000
Speaker 2: with transactions, collaborate seamlessly online with the cloud based apps,

1690
01:24:21,080 --> 01:24:23,400
Speaker 2: all with business fibers. So get your business ahead and

1691
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Speaker 2: once your head, stay ahead, future proofing your connection as

1692
01:24:26,479 --> 01:24:28,960
Speaker 2: the workplace becomes more and more digital. Plus, by the way,

1693
01:24:29,040 --> 01:24:33,120
Speaker 2: a business fiber customer gets priority fault restoration. That means

1694
01:24:33,200 --> 01:24:36,200
Speaker 2: you're back up and running fast and minimizing that offline time.

1695
01:24:36,320 --> 01:24:38,880
Speaker 2: So to find out which fiber connection here is the

1696
01:24:38,960 --> 01:24:41,439
Speaker 2: key would best suit you, have a check out of

1697
01:24:41,479 --> 01:24:43,720
Speaker 2: the Chorus recommendation. Until where do you find that? Well,

1698
01:24:43,840 --> 01:24:46,840
Speaker 2: the answer is Coorus dot co dot nz forward slash

1699
01:24:47,080 --> 01:24:50,560
Speaker 2: business fiber. That is Chorus dot co dot n z

1700
01:24:50,760 --> 01:24:53,920
Speaker 2: business fiber. So you're taking your business productivity next level,

1701
01:24:53,960 --> 01:25:00,559
Speaker 2: gets your business running on business fiber. Mike asking Hawk's

1702
01:25:00,600 --> 01:25:03,400
Speaker 2: bay resident here, apple picking now started. Yep, I've just

1703
01:25:03,439 --> 01:25:05,760
Speaker 2: alluded to that grapes being covered should be a good

1704
01:25:05,760 --> 01:25:07,400
Speaker 2: season for them as well, might be a bit wet

1705
01:25:07,479 --> 01:25:10,120
Speaker 2: in some parts of the country. Figs soon living the

1706
01:25:10,200 --> 01:25:13,000
Speaker 2: fruit ball. Glenn, as he tells me in the ad break,

1707
01:25:13,120 --> 01:25:17,920
Speaker 2: is already harvesting his figs, so he's early to market,

1708
01:25:18,080 --> 01:25:21,559
Speaker 2: so he'll get the good prices, because the early to market,

1709
01:25:21,840 --> 01:25:25,240
Speaker 2: high quality, early to market always demands the good prices

1710
01:25:25,280 --> 01:25:27,280
Speaker 2: because people are fizzing and they're ready to pay the

1711
01:25:27,360 --> 01:25:27,840
Speaker 2: big bucks.

1712
01:25:28,000 --> 01:25:32,160
Speaker 15: Unfortunately, they have already been converted into domestic manager's breakfast.

1713
01:25:33,040 --> 01:25:33,439
Speaker 14: My butt.

1714
01:25:34,000 --> 01:25:36,760
Speaker 15: But in saying that, I've been reliably informed it is

1715
01:25:36,920 --> 01:25:39,160
Speaker 15: perhaps the nicest breakfast she's ever had.

1716
01:25:39,280 --> 01:25:41,840
Speaker 2: Well, you can't argue with that she messed with it.

1717
01:25:42,520 --> 01:25:46,240
Speaker 2: My argument is that you just fig speaks for itself.

1718
01:25:46,600 --> 01:25:48,599
Speaker 2: It's like a glass of wine. A glass of wine

1719
01:25:48,600 --> 01:25:51,719
Speaker 2: speaks for itself. A fig speaks for itself. You don't

1720
01:25:51,800 --> 01:25:54,800
Speaker 2: mess with it. Lunda messed with it.

1721
01:25:54,920 --> 01:25:58,639
Speaker 11: But when it with fresh time out of our garden as.

1722
01:25:58,560 --> 01:26:04,280
Speaker 2: Well quantly rural operation, Glean's farm ring Amazon, see what

1723
01:26:04,360 --> 01:26:05,720
Speaker 2: they think five minutes away from no.

1724
01:26:06,320 --> 01:26:10,720
Speaker 1: Trending now with the chemist warehouse still paying too much?

1725
01:26:10,880 --> 01:26:15,840
Speaker 2: What ham bondy, how's that going? Actually it went amazingly well.

1726
01:26:16,160 --> 01:26:18,080
Speaker 16: Members get to ask the questions, the witness get to

1727
01:26:18,120 --> 01:26:19,479
Speaker 16: answer in the way they want to answer.

1728
01:26:19,560 --> 01:26:23,360
Speaker 22: That that's not accurate, mister chairman, because she doesn't like

1729
01:26:23,439 --> 01:26:23,960
Speaker 22: the answer.

1730
01:26:24,240 --> 01:26:28,800
Speaker 16: So, mister Chairman, I have asked, and she asked.

1731
01:26:28,880 --> 01:26:31,920
Speaker 7: Merrek Garland, this I reclaiming.

1732
01:26:33,320 --> 01:26:34,320
Speaker 11: I will claim.

1733
01:26:37,040 --> 01:26:38,760
Speaker 5: Get in the gutter for her, theatrix.

1734
01:26:38,920 --> 01:26:41,280
Speaker 16: The time belongs to the time belongs to the general lady.

1735
01:26:41,320 --> 01:26:42,799
Speaker 16: The general Lady has seventeen seconds.

1736
01:26:43,080 --> 01:26:43,360
Speaker 5: Thank you.

1737
01:26:44,479 --> 01:26:46,680
Speaker 22: You're not going to answer this question, so let me,

1738
01:26:46,840 --> 01:26:50,439
Speaker 22: just hairm what a massive question.

1739
01:26:50,560 --> 01:26:53,240
Speaker 16: Will you restore her time? The witnesses therector got her

1740
01:26:53,320 --> 01:26:56,960
Speaker 16: with this woman. Let me have my General lady. The

1741
01:26:57,000 --> 01:26:59,680
Speaker 16: General lady from Washington controls the time. The General Lady

1742
01:26:59,680 --> 01:27:02,320
Speaker 16: has set ten seconds. You can you can proceed with

1743
01:27:02,400 --> 01:27:03,479
Speaker 16: your face seventeen seconds.

1744
01:27:03,520 --> 01:27:04,880
Speaker 5: What a massive cover up?

1745
01:27:04,960 --> 01:27:08,439
Speaker 2: This has been so American democracy and live and well

1746
01:27:08,600 --> 01:27:12,040
Speaker 2: this Thursday morning there was one bit of seemingly going viral,

1747
01:27:12,080 --> 01:27:14,160
Speaker 2: which is this You can let her filibuster ill day long,

1748
01:27:14,200 --> 01:27:17,599
Speaker 2: but not on our watch, not on our time, no way.

1749
01:27:18,080 --> 01:27:20,679
Speaker 11: And I told you about that Attorney General before you start.

1750
01:27:20,720 --> 01:27:22,960
Speaker 2: You don't tell me, No, I did tell you because

1751
01:27:23,000 --> 01:27:24,360
Speaker 2: I saw what you did in the Senate.

1752
01:27:25,120 --> 01:27:25,840
Speaker 5: Not even a liar.

1753
01:27:26,240 --> 01:27:26,960
Speaker 1: No, you're a liar.

1754
01:27:27,240 --> 01:27:29,559
Speaker 2: I love Pam from Florida. Pam from Florida is one

1755
01:27:29,600 --> 01:27:30,280
Speaker 2: of my favorites.

1756
01:27:30,560 --> 01:27:31,000
Speaker 7: Is it just me?

1757
01:27:31,160 --> 01:27:33,080
Speaker 2: You haven't seen Trump much in the last couple of days.

1758
01:27:33,400 --> 01:27:37,080
Speaker 2: He had Knittanya who today and they talked about a

1759
01:27:37,120 --> 01:27:39,120
Speaker 2: ram bit of pressure on a Rhan from Nittanya who

1760
01:27:39,160 --> 01:27:43,479
Speaker 2: for fairly obvious reasons. But yesterday no Trump at all,

1761
01:27:43,600 --> 01:27:45,080
Speaker 2: which I think is probably the first time in his

1762
01:27:45,120 --> 01:27:47,800
Speaker 2: administration we haven't seen him. Other weird thing, I'm watching

1763
01:27:47,840 --> 01:27:50,960
Speaker 2: all the channels yesterday afternoon when they allegedly get that

1764
01:27:51,080 --> 01:27:55,320
Speaker 2: guy for the Guthrie case, and no network went to

1765
01:27:55,439 --> 01:27:57,720
Speaker 2: Canada because people were shot and dead in Canada at

1766
01:27:57,760 --> 01:28:00,880
Speaker 2: the same time. So the American had to make a call,

1767
01:28:01,000 --> 01:28:04,640
Speaker 2: which breaking story do we cover? First? Dead people in

1768
01:28:04,720 --> 01:28:09,600
Speaker 2: Canada came a very very very distant second to a

1769
01:28:09,720 --> 01:28:12,120
Speaker 2: small development in an ongoing case in America. I just

1770
01:28:12,160 --> 01:28:16,840
Speaker 2: thought that was interesting. Back tomorrow morning from six Happy Days.

1771
01:28:21,840 --> 01:28:24,680
Speaker 1: For more from the mic Asking Breakfast, listen live to

1772
01:28:24,840 --> 01:28:27,880
Speaker 1: news talks that'd be from six am weekdays, or follow

1773
01:28:27,960 --> 01:28:29,480
Speaker 1: the podcast on iHeartRadio.