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

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Speaker 1: Or it's Ryan Bridge on Heather Duper see Ellen Drive

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Speaker 1: with One New Zealand, let's get connected and news talks.

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Speaker 2: That'd be good.

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Speaker 3: Afternoon.

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Speaker 4: It is my final week with you, Heather. We'll be

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Speaker 4: back from Monday and i'll be back to my five

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Speaker 4: am job, and I look forward to doing that. But

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Speaker 4: I have very much enjoyed being with you. A couple

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Speaker 4: more days to go with you still at five o'clock

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Speaker 4: the sunths the noon. Stephen Joyce on Donald Trump, Karen

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Speaker 4: Show on those o t changes today, plus police on

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Speaker 4: leaving mental health patients potentially waiting alone in an emergency department.

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Speaker 4: David Parker is alt. He's on the program is Andrew

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Speaker 4: little Inn and we'll head to Australia for the first

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Speaker 4: Prime ministerial.

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Speaker 2: Debate, Ryan Bridge.

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Speaker 4: This trade war is turning into National's COVID moment, isn't it.

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Speaker 4: The horses are spooks, markets are down, recessions being mentioned

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Speaker 4: more than you would like. So the beehive strategist thought

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Speaker 4: h time to spawned in a more targeted and more

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Speaker 4: deliberate way, so they wheeled Nichola Willis out for a

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Speaker 4: press conference today, Luxon took to Instagram the message free

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Speaker 4: trade is good. We can weather a storm. Don't worry.

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Speaker 4: We've got this. That's the gist. Willis said nothing today

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Speaker 4: that she hadn't already said on this program last night.

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Speaker 4: The operating allowance won't change, the surplus track hasn't changed.

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Speaker 4: There'll be cuts to fun new spending, et cetera, et cetera.

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Speaker 4: But the point was to get out there to talk

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Speaker 4: to people, be seen to be in control. The problem

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Speaker 4: for them is it's not them in control. The thing

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Speaker 4: about this event, which makes it different from COVID a

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Speaker 4: virus or the GFC the subprime mortgages, is that this

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Speaker 4: has all been driven by one man. Markets are yo

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Speaker 4: yoing on the words that fall out of Trump's mouth

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Speaker 4: so much so they'd be better and more stable if

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Speaker 4: they opened while he slept. We've had a couple of

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Speaker 4: things happened since yesterday. Number one, Trump threatened fifty percent

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Speaker 4: in retaliation to check is thirty four percent, which was

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Speaker 4: of course a retaliation to his original thirty four percent.

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Speaker 4: The second thing that's happened just in the last couple

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Speaker 4: of hours, China has said we will fight to the

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Speaker 4: end now Beijing is being made an example of here.

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Speaker 4: If he caves to China, if he looks weak on China,

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Speaker 4: then Europe will smell that week this and hit back two.

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Speaker 4: So far they haven't, which is telling no tariffs yet.

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Speaker 4: There's not much we can do down here at the

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Speaker 4: bottom of the world other than doing what we're doing.

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Speaker 4: Keep options open, talk through the back channels in Washington,

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Speaker 4: keep our trade draws opened, and hope for the best.

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Speaker 4: Hipkins reckons and he said this today, we should be

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Speaker 4: calling Trump out, But why paint a bull's eye on

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Speaker 4: the back of your shirt. The best you can probably

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Speaker 4: do is what Willis and Luxen are doing. And the

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Speaker 4: counterfactual is the argument, can you name me a country

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Speaker 4: that's doing something drastically different and getting a better deal.

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Speaker 4: The answer is no. It's just gone night in Washington

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Speaker 4: right now, which means Trump's probably sleeping, and like it

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Speaker 4: or not, the world is now on his schedule. When

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Speaker 4: he sleeps, we rest, when he wakes, we're stressed. Brian

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Speaker 4: Bread ten after four news talks, there'd be nine two

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Speaker 4: ninety two the number to text. We'll have a couple

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Speaker 4: of economists on the show after six as well. Just

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Speaker 4: to talk through some of the implications for us here

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Speaker 4: in New Zealand. Right now, we've got a problem with

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Speaker 4: court ordered reparation payments. This is the problem is that

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Speaker 4: people aren't paying them. They're like fines, but they are

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Speaker 4: paid to victims rather than the state. Half the amount

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Speaker 4: owed is now over due. The Justice Minister, Paul Goldsmith

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Speaker 4: is open to suggestions on how to change that.

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Speaker 5: I'll be interested in your listeners if they could come

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Speaker 5: up with I think we've got to come up.

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Speaker 6: With something that's irritating and difficult and annoying, which forces

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Speaker 6: people to actually get on with it and pay the fine.

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Speaker 4: Ruth Money is the government's chief Victims of advisor, with

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Speaker 4: me this afternoon. High Ruth, Hi, Ryan, how are you.

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Speaker 3: I'm good?

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Speaker 4: Thank you so. Your idea here is an interesting one

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Speaker 4: and I quite like it. Although how much it costs,

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Speaker 4: I guess we'll get to But what is the gist

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Speaker 4: of your idea. It's getting the government to pay up front.

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Speaker 7: Yeah, we shouldn't be tying victim's outcomes to their offender

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Speaker 7: and whether the offender has got resources to pay it

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Speaker 7: or not. The victim was victimized, the victim was harmed,

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Speaker 7: therefore the reparation has been ordered and therefore the state

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Speaker 7: should pay. So the proposal would be the state pays

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Speaker 7: the victim and then the state chases the offender for

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Speaker 7: that payment, as opposed to the victim waiting for a

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Speaker 7: non payment or maybe seeing Ministry of Justice two dollars

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Speaker 7: every two weeks for example, which just retraumatizes and drags

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Speaker 7: out the memory for the victim who's trying to move on.

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Speaker 4: What's the average amount owed growth?

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Speaker 7: Well, I don't have the data in front of me. However,

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Speaker 7: when I got the OIA the ENZME had done, it

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Speaker 7: looks like the average per person is a b up

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Speaker 7: four thousand dollars on the year figures. But again that

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Speaker 7: is really depending on For example, there's some really high

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Speaker 7: averages dragging that up in for example the Auckland High Court,

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Speaker 7: where I think a lot of those reparation orders are

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Speaker 7: perhaps business based things as opposed to criminal activity. I

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Speaker 7: would be really interested to know. At the end of

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Speaker 7: the day, you know, either way, it's a material, you

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Speaker 7: owe the money, you should be paying it.

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Speaker 4: So the problem is they're not paying it and the

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Speaker 4: victims are going without. Your suggestion is the government pays

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Speaker 4: up front, victims settled, and then government chases are perpetrated

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Speaker 4: chases whoever owes the money, so that's obviously going to

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Speaker 4: be expensive. Would you support would you care whether it's

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Speaker 4: taking out of their benefit or taken out of their wages.

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Speaker 4: I mean, you wouldn't mind how the money is collected.

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Speaker 7: I don't mind how the money is collected because I

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Speaker 7: think the counter effectual to it not being collected that

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Speaker 7: the victims are going without. So at the moment, victims

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Speaker 7: don't get as you and I have talked about for years,

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Speaker 7: they don't get many entitlements. You know, for often victims

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Speaker 7: are paying for therapy open or above what the state

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Speaker 7: allows for. There is a loss of income that comes

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Speaker 7: with being a victim, so entitlements when you are victimized,

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Speaker 7: the state doesn't and this is always a shock to victims.

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Speaker 7: The state doesn't help you with your lost income et cetera,

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Speaker 7: et cetera, to the level of what you genuinely lose.

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Speaker 7: So the reparation there, you know, is ordered to assist

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Speaker 7: with that. So it needs to be paid because it's

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Speaker 7: either the offender who's missing out or the victim.

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Speaker 4: Do you know what people will say? Not not people

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Speaker 4: but those the advocates for the other side of the coin,

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Speaker 4: those are the offenders. I say, well, you will further

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Speaker 4: impoverish them. You know, if you start docking people's wages,

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Speaker 4: then this happens, et cetera. I mean, I mean, this

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Speaker 4: will be the argument from the other side.

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Speaker 7: Yeah, and I don't agree with some of that. However,

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Speaker 7: there needs to be accountability for your actions. You can't

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Speaker 7: just go around harming people and you know you're not

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Speaker 7: being held to account and you're not being given a punishment.

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Speaker 7: Otherwise you're just going to continue in this cycle. What

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Speaker 7: I would also say, though, is that in my experience,

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Speaker 7: and I am going to ask the Ministry of Justice

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Speaker 7: chase this up there, I don't see a lot of

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Speaker 7: due diligence going into collection of reparation. So in my

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Speaker 7: experience I have sat and helped victims where reparation has

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Speaker 7: been ordered. We know that the person might have a

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Speaker 7: house or a new car, for example, and yet the

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Speaker 7: piece of paper that's gone into the ministry to say,

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Speaker 7: oh no, I can't pay that reparation is false. So

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Speaker 7: what is the due diligence going on to verify someone's

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Speaker 7: ability to pay or not? So let's not jump, you know, right,

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Speaker 7: you know, throwing the baby out of the bath order

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Speaker 7: at this point in time, let's look at our processes.

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Speaker 7: Is there something that we can do to upweight resource

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Speaker 7: around collection?

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Speaker 4: Get it from the first place. Ruth, appreciate your time.

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Speaker 4: Ruth Money, Government's Chief Victims Advisor. It's just gone quarter

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Speaker 4: past four News Talks. Heb lots of your texts coming

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Speaker 4: and I'll get to those in just a second, and

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Speaker 4: we will get to Darcy Waldgrave as well. He said,

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Speaker 4: talk Gary Stead stepping down, well sort of partially. That's next.

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Speaker 1: It's the Heather Do Buzzy Allen Drive Full Show podcast

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Speaker 1: on iHeartRadio, powered by News Talks EBB.

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Speaker 4: News Talks eb It is a four eighteen, lots of

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Speaker 4: text coming and Ryan reparations is not ordered to be

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Speaker 4: paid by the state. The state does not have a

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Speaker 4: endless pit of money available. This is in relation to

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Speaker 4: Ruth Money's interview we had just on the show a

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Speaker 4: few minutes ago. Murray Olds is on the show after

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Speaker 4: News out of Australia. Right now, Darcy Waldgrave is here.

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Speaker 4: Darcy good afternoon, greetings young man. Now Gary Stead, he's

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Speaker 4: so he's leaving, but he wants to kind of come

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Speaker 4: back a little bit hard.

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Speaker 8: Sason deserted the role as the Red Bull coach, the

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Speaker 8: Test cricket coach. He's not whether he wants to relinquist

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Speaker 8: that role or not, but he has said, no more

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Speaker 8: white ball cricket, no more T twenty eyes, no more

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Speaker 8: One day internationals.

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Speaker 9: I'm shot.

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Speaker 10: He's been in at what seven.

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Speaker 8: Or eight years. The amount of travel that these guys

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Speaker 8: have to do. And I don't know about you, but

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Speaker 8: I thought traveling was really glamorous when I first started

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Speaker 8: this same job. It's like I'm going to go here

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Speaker 8: and there and after about all half an hour's like,

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Speaker 8: this is horrible.

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Speaker 4: Is it a job you can split up?

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Speaker 1: Yeah?

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Speaker 8: I think it is because it's been done globally. Whether

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Speaker 8: they want to do it or not's another question. Now

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Speaker 8: Brian's strying from New Zealand cricket.

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Speaker 10: He said, we don't know yet.

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Speaker 8: We know that Gary doesn't want the job as the

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Speaker 8: red Bull coach. Might want the job as the Red

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Speaker 8: Bull coach, but not as the White bull coach. So

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Speaker 8: we're going to find the new white ball coach. I

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Speaker 8: like the word cartel because it brings up a lot

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Speaker 8: of the really sinister concepts. But how about a guy

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Speaker 8: like Gary Stead who's the director of cricket and he

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Speaker 8: sits above a whole lot of other men.

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Speaker 4: You're standing very bureaucrash.

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Speaker 8: And all these minions can run around and coach all

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Speaker 8: the ends it are really Yeah, I mean I've got

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Speaker 8: to coach for everything.

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Speaker 4: A coach for your fingernail.

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Speaker 8: Might be an idea. He might be overseeing. We don't know,

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Speaker 8: but it's up for grabs. They're going to look at people.

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Speaker 4: He said this. Gary has come out and said this

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Speaker 4: is what I would want.

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Speaker 8: No, I just said that, right, So how is my idea?

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Speaker 4: How have we got here?

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Speaker 3: Then?

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Speaker 8: How we got weir?

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Speaker 3: Well?

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Speaker 8: Gary's tired of he's been doing it for seven or

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Speaker 8: eight years.

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Speaker 4: But he's the one that's come out and said I

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Speaker 4: would like to do just this.

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Speaker 8: But yeah, I don't want to be a white ball

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Speaker 8: coach anymore. I haven't decided on the red bull but yet.

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Speaker 8: I'll just need a bit of a breather cap tine

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Speaker 8: to lie down and I'll see when I come open.

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Speaker 8: And for a guy that won the World Test Championship

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Speaker 8: and they managed to be India three times on the

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Speaker 8: bounce in India's backyard. He can take as long as

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Speaker 8: he wants.

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Speaker 4: You don't want to throw There's nothing happening for.

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Speaker 10: The next ten years, no cricket.

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Speaker 4: Cody Taylor speaking of doing nothing sabbaticals, Cody Taylor wants

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Speaker 4: all black staf more.

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Speaker 2: Well.

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Speaker 8: He's come back from a sabbatic on himself.

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Speaker 10: He said, oh my god, I feel so much better.

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Speaker 8: I don't know if he threw God on there, but anyway,

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Speaker 8: he said, I feel so much better. And maybe all

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Speaker 8: players need a bit of a rest like this. The

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Speaker 8: problem with sabbaticals is that I thought a sabbatical was

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Speaker 8: take some time off from getting rucked and tackled and

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Speaker 8: your head caved in. But now it just means I'm

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Speaker 8: going to go to Japan and make money. Yeah, so

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Speaker 8: I'm not really sure if you're resting from anything at

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Speaker 8: all if you do that, unless you're an active relaxer,

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Speaker 8: in which case it might be right up your rally.

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Speaker 8: But I understand what he's saying that you want to

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Speaker 8: keep players here long enough, keep them from getting smashed

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Speaker 8: to smithereens for ten consecutive years, let them go for

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Speaker 8: a wanda for six months.

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Speaker 4: What's on the show tonight, Darcy who.

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Speaker 8: Lauren Lee's going to join us?

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Speaker 11: Are what?

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Speaker 8: He is the former coach of the black Caps, so

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Speaker 8: he's got a few ideas around what happens next when

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Speaker 8: he's going to cricket go what their drivers behind this?

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Speaker 8: So we'll talk to him about that and then we'll

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Speaker 8: take your calls on the possibility of a two to

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Speaker 8: three headed monster coaching the black Caps. Hey, look at

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Speaker 8: could happened. Stranger things have, But that's how sports news today.

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Speaker 4: Look for to Darcy see at seven. It is twenty

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Speaker 4: one after four News Talks VB moving.

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Speaker 2: The big stories of the d forward.

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Speaker 1: It's Ryan Bridge, John, Heather Duper c Allen Drive with

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Speaker 1: one New Zealand Let's get connected.

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Speaker 2: News Talks EDB.

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Speaker 4: Four twenty four. John has text to say. This is

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Speaker 4: on the tariff stuff.

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Speaker 3: Ryan, I'm with you.

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Speaker 4: Nothing we say down here in New Zealand is going

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Speaker 4: to make an iota of difference to our position with

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Speaker 4: the United States. In fact, taking a negative approach I

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Speaker 4: bashing Trump as some would have us do, would actually

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Speaker 4: make the whole situation worse, could potentially hurt our exporters.

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Speaker 4: I work for an export company. The best advice Is

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Speaker 4: say nothing, keep developing new markets to lessen that dependency

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Speaker 4: on the US chairs John John, thanks for your message.

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Speaker 4: I think it's a sensible one. Four twenty four Now

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Speaker 4: Nikola will Ryan Bridge Nikola Willis has announced and this

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Speaker 4: is no great surprise because Christian Hawksby, who was the

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Speaker 4: two ic to Adrian Orr, is now going to be

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Speaker 4: the Reserve Bank governor for six months. Remember when she

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Speaker 4: announced that all was going, she said we will get

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Speaker 4: some in for six months. Christian Hawksby will be here

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Speaker 4: for a short term, then we will get someone for

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Speaker 4: six months and then we will get a long term.

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Speaker 4: Well she's announced that Christian Hawksby, who was the short

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Speaker 4: short term, is now the medium term option. So he's

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Speaker 4: getting the next six months and he crucially in this

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Speaker 4: press really she mentions what I think was and you

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Speaker 4: have to take your pack because no one's saying precisely,

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Speaker 4: but what I think was the big sticking point between

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Speaker 4: her and Adrian Or and that was the funding the

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Speaker 4: five They get a five year funding envelope at the budget.

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Speaker 4: So the minister was trying to say here's your money, Adrian,

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Speaker 4: and that's all you're getting for five years, and he

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Speaker 4: would say bout me darning bass and that and this

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Speaker 4: bit extra and she said no, and then he promptly resigned.

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Speaker 4: So he has says during his term, the board will

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Speaker 4: support mister Hawksby to implement the bank's new five year

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Speaker 4: funding agreement, which will apply from the first of July

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Speaker 4: twenty twenty five. So Hawksby is the guy that says

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Speaker 4: yes to what Adrian or said no. And once that's

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Speaker 4: out of the way, you bring someone new in the

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Speaker 4: fundings all set up, that's been put to bed and

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Speaker 4: they can move on. There you go. We will talk

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Speaker 4: more about the ocarch. Obviously, we've got an announcement tomorrow

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Speaker 4: expecting a quarter of a percent. We'll talk about that

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Speaker 4: after six o'clock here on news talks here'd be Now,

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Speaker 4: have you listened to this sound? I know it does

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Speaker 4: sound like a puppy, but it's not a puppy. Well,

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Speaker 4: it is of sorts. It's a species of wolf that

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Speaker 4: died out twelve and a half thousand years ago and

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Speaker 4: has been successfully de extincted. It's the world's first successfully

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Speaker 4: de extincted animal, which is a thing. This is colossal.

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Speaker 4: Scientists created three dire wolf pups using ancient DNA cloning

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Speaker 4: and gene editing technology to alter the genes of a

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Speaker 4: gray wolf, the prehistoric dire wolf's closest living relative. The

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Speaker 4: result is essentially a hybrid species similar in appearance to

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Speaker 4: its extinct forerunner. It was a top predator roaming North

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Speaker 4: America and inspiration for the Game of Thrones. Next animals

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Speaker 4: to be done the mammoth, the Dodo, the Tasmanian tiger,

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Speaker 4: and competent.

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Speaker 12: Politicians recamping the day's big news and making tomorrow's headlines.

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Speaker 1: It's Ryan Bridge on Hither duper c Allen Drive with

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

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Speaker 3: That'd be.

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Speaker 4: Twenty five away from the Padia on Newstalk say'd be

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Speaker 4: great to have your company this after the numbers text

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Speaker 4: does and now odds on to lose the Australian election

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Speaker 4: and he got close, did any But he's performed quite

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Speaker 4: and there's still time I've gotten till the start of May.

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Speaker 4: But he's performed pretty badly since they announced the dates

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Speaker 4: just a couple of weeks ago. So we will talk

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Speaker 4: to Murriols out of Australia in just a second. At

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Speaker 4: nine thirty tonight, they're going to have their first debate.

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Speaker 4: This is Dutton and Elbow and I like the sound

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Speaker 4: of this. It's on Sky News, so if you if

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Speaker 4: you are a subscriber to Sky or you get Sky,

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Speaker 4: you can go on their website as well you can

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Speaker 4: watch this. And it's a town hall situation where the

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Speaker 4: swing voters ask the questions of the candidates. I like

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Speaker 4: the idea. I hope we do something like that here

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Speaker 4: next year. Anyway, Albos not Elbow. Murrayolds it's for us

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Speaker 4: in just a second.

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Speaker 2: It's the world wires on news dogs. He'd be drive.

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Speaker 4: Trump promising to whack China with another fifty percent tariff

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Speaker 4: if they don't drop their retaliation. Not a happy camper

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Speaker 4: wants all one way tariff traffic.

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Speaker 13: With Jana, as you know, against my statement.

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Speaker 2: They put a thirty four percent tariff on above what

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Speaker 2: they're ridiculous.

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Speaker 4: Tariff already back to Ozzie for just a seek, and

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Speaker 4: both me and been out campaigning today. Here's Elbow.

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Speaker 14: We have as a government continued to see the economy grow.

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Speaker 14: We've continued to see now over the last five quarters

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Speaker 14: wages grow five quarters in a row.

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Speaker 4: Geez, get it out. Finally, Former UK Prime Minister Boris

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Speaker 4: Johnson has been attacked by an Ostrich. He was driving

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Speaker 4: his family around a wildlife park in Texas. This is

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Speaker 4: a true story. The car window was opened, so an

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Speaker 4: Ostrich decided to pop its head in and bite Boris

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Speaker 4: Johnson's hand. Bojo then told the Ostrich to go away,

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Speaker 4: using language that we can't repeat without breaching the broadcasting standards.

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Speaker 4: It was something like, get the Ostrich out of my way,

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Speaker 4: you stupid Ostrich.

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Speaker 2: Ostrich International Correspondence with ends and Eye Insurance, Peace of

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Speaker 2: mind for New Zealand business.

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Speaker 4: Murray is with us now. Australian Murray, Good afternoon.

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Speaker 3: Hello Ryan, good afternoon.

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Speaker 4: How's the AA six doing after the big drop yesterday?

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Speaker 3: Yes, I got my screen open here. I knew you're

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Speaker 3: going to ask me, and this is less than an

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Speaker 3: hour ago. So what's looking at about forty five minutes ago.

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Speaker 3: The AX up one point eight percent on the day.

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Speaker 3: The Australian dollar up point seven of one percent today

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Speaker 3: to sixty point two to three US sins. Lost one

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Speaker 3: hundred and ten billion dollars yesterday, so look a little

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Speaker 3: bit of recovery today. That dollar tanking yesterday, by the way,

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Speaker 3: the first time since the pandemic, the biggest intra day

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Speaker 3: fall since the two thousand and eight global financial crisis.

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Speaker 3: So look, there was a lot of red ink around yesterday,

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Speaker 3: but today a little bit of a pickup. But look

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Speaker 3: we still are in the deep in the red since

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Speaker 3: the start of the year so far. In April, the

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Speaker 3: ASX two hundred, the top two hundred stocks in the

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Speaker 3: Australian share market, played down by six percent and it's

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Speaker 3: only the eighth day of the month today, And we've

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Speaker 3: also had since January. The start of January the benchmark's

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Speaker 3: down aty ten percent, so it hasn't been a happy

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Speaker 3: year for investors up to this point. We've got business

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Speaker 3: confidence figures already negative last month, even worse now after

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Speaker 3: Donald Trump's tariffs, and the Westpac Bank has just released

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Speaker 3: latest consumer confidence data for April. The big takeaways we're

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Speaker 3: told confidence down six percent amongst consumers because of the

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Speaker 3: Trump tariff war, the slide of the sheer market even

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Speaker 3: lower amongst people survey after the tariffs were announced, and

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Speaker 3: consumers definitely filling a pinch family finances front and center.

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Speaker 3: So if both political leaders over here aren't banging the

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Speaker 3: drum about the economy was it Bill Clinton who's had

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Speaker 3: that sign on his desk. It's the economists, stupid. Both

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Speaker 3: of these halfwords over here should have the same bloody

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Speaker 3: sign on their desks because no one cares about the

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Speaker 3: never never you atomic energy plan of Dutton or the

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Speaker 3: fact that Albanesi done something to save us Seal and Tasmania.

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Speaker 3: It's about putting petrol in the car and groceries on

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Speaker 3: the table.

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Speaker 4: Now this debate tonight, they're going to go head to head.

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Speaker 4: It's in Western a group of people called the People's Forum.

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Speaker 4: Have I got this right? From Sky News? Will be

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Speaker 4: held in Western Sydney and both leaders will answer questions

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Speaker 4: from a group of undecided voters. Is there like a

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Speaker 4: moderator or is it just all on for young and

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Speaker 4: old from the crowd.

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Speaker 3: This is going to have to be moderated to keep

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Speaker 3: them in some sort of order. It's allegedly undecided voters. Mate,

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Speaker 3: it's Sky News. You know it's going to be stacked

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Speaker 3: with a bunch of Dutton lovers, Anti Elbow. You know

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Speaker 3: it's going to be stacked with rivets. The Murdoch fingerprints

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Speaker 3: are all over it. It's jointly run by the Daily

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Speaker 3: Telegraph as well the Daily you know Trumpeter in fact

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Speaker 3: here and Sidney that's the Murdock faker here. But listen

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Speaker 3: to Albanezi. You know he is, He's a Sydney boy,

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Speaker 3: comes from this. You know, the inner western suburbs of

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Speaker 3: Sydney be frightened to get out Western Sydney. In the

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Speaker 3: Sydney suburbs. You've got the fact that Albertezey also took

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Speaker 3: on Scott Morrison in the last debate in twenty twenty two,

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Speaker 3: and he cleaned him up that night, not saying it's

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Speaker 3: going to happen to night. Peter Dutton has improved out

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Speaker 3: of sight the last forty eight hours he was drifting.

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Speaker 3: I went back and had to look Ryan.

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Speaker 9: Look.

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Speaker 3: Peter Dutton entered Parliament in two thousand and one. He

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Speaker 3: was a minister under John Howard, Tony Abbott, Malcolm Turmbull

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Speaker 3: and Scott Morrison. But he's looked like a complete bloody

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Speaker 3: novice since the campaign started, and it's day eleven to

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Speaker 3: day he's looked like a rabbit in the headlights. He's

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Speaker 3: finally turning up at petrol stations putting gas in the cars,

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Speaker 3: saying look, I'm going to catch you. You know your

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Speaker 3: petrol bill even turned up in the Adelaide service station

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Speaker 3: yesterday with a great big petrol tanker a slogan on

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Speaker 3: the side saved twenty five cents A leader vote Liberal.

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Speaker 3: Why wasn't doing that in day one? I don't know.

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Speaker 4: No campaigns do weird things to people though, I mean

437
00:21:56,840 --> 00:21:59,520
Speaker 4: doesn't matter you know how long you've been around in politics.

438
00:21:59,800 --> 00:22:03,520
Speaker 4: The people just turn into weirdos on a campaign when

439
00:22:03,560 --> 00:22:05,720
Speaker 4: the pressures on them, don't they Well.

440
00:22:05,760 --> 00:22:09,720
Speaker 3: Look, I do agree with that. I mean interesting thesis

441
00:22:09,760 --> 00:22:13,680
Speaker 3: that I read yes yesterday morning. I get lost in

442
00:22:13,760 --> 00:22:18,399
Speaker 3: these campaigns. The theory being that Peter Dutton has always

443
00:22:18,480 --> 00:22:21,640
Speaker 3: had someone else to as a minister. He's made mistakes,

444
00:22:22,040 --> 00:22:23,920
Speaker 3: you know, Defense and blah blah bla blah blah blah blah.

445
00:22:24,040 --> 00:22:26,879
Speaker 3: But we all make mistakes, but there's always been someone

446
00:22:26,880 --> 00:22:29,080
Speaker 3: to clean up after him, a prime minister like John

447
00:22:29,119 --> 00:22:33,160
Speaker 3: Howard for example. Howard was the last great Australian leader.

448
00:22:33,160 --> 00:22:36,480
Speaker 3: In my view, I think Howard was a wonderful politician,

449
00:22:36,520 --> 00:22:39,240
Speaker 3: a great unifier. Look at what happened to port Arthur,

450
00:22:39,720 --> 00:22:42,680
Speaker 3: all those people slaughtered down there in Tasmania. Howard stood up,

451
00:22:43,080 --> 00:22:45,439
Speaker 3: took on the gun lobby and he persuaded them to

452
00:22:45,440 --> 00:22:47,679
Speaker 3: give up their guns. Now, for me, one of the

453
00:22:47,720 --> 00:22:50,920
Speaker 3: single most important acts of political courage that I've ever seen.

454
00:22:51,720 --> 00:22:54,440
Speaker 3: And John Howard had that ticket. I'm not sure. I'm

455
00:22:54,480 --> 00:22:57,320
Speaker 3: not sure Peter Dutton's got that. Scott Morrison certainly didn't.

456
00:22:57,680 --> 00:22:59,920
Speaker 4: Yeah, I'm not sure. We've got many around the world,

457
00:23:00,160 --> 00:23:02,919
Speaker 4: just in Australia, Murray, appreciate your time. Murray Old's are

458
00:23:02,920 --> 00:23:05,480
Speaker 4: Australia correspondent and we're looking forward to the debate tonight.

459
00:23:05,520 --> 00:23:08,720
Speaker 4: Eighteen minutes away from five. Barry Soaper is here with

460
00:23:08,800 --> 00:23:11,399
Speaker 4: political news from this side of the Tasman Next.

461
00:23:11,480 --> 00:23:15,200
Speaker 1: Politics was centric credit, check your customers and get payments certainty.

462
00:23:15,400 --> 00:23:17,600
Speaker 4: Quarter to five news talks here'll be will have Stephen

463
00:23:17,680 --> 00:23:20,160
Speaker 4: Joyce on Trump's taris after five o'clock right now, Barry

464
00:23:20,200 --> 00:23:22,840
Speaker 4: Soaper is here. Hey, bess what's Stephen good Joy's going

465
00:23:22,840 --> 00:23:25,600
Speaker 4: to say about Trump? Well, Stephen Joyce will have a

466
00:23:25,600 --> 00:23:26,680
Speaker 4: lot to say about Donald Trump.

467
00:23:26,720 --> 00:23:30,200
Speaker 10: It's unbelievable, isn't it. I Mean I've listened and read

468
00:23:30,400 --> 00:23:34,960
Speaker 10: and everyone is on the same side except Donald Trump.

469
00:23:35,119 --> 00:23:38,760
Speaker 10: Would see but yeah, you know the Chinese today, you

470
00:23:38,800 --> 00:23:42,880
Speaker 10: know the threat that tariffs that well fifty percent more

471
00:23:42,960 --> 00:23:45,679
Speaker 10: on China. I mean, it just goes on and on

472
00:23:45,760 --> 00:23:49,199
Speaker 10: and on. It seems this man doesn't quite have a

473
00:23:49,240 --> 00:23:50,720
Speaker 10: grip on reality.

474
00:23:50,920 --> 00:23:55,280
Speaker 4: Well no, I mean there's there's economic insanity going on.

475
00:23:55,600 --> 00:23:57,960
Speaker 4: But also did you read Cameron Baggery's piece this morning.

476
00:23:57,960 --> 00:23:59,639
Speaker 4: I thought it was really interesting. He talks about the

477
00:23:59,640 --> 00:24:01,679
Speaker 4: whole of out that free trade has been great for

478
00:24:01,760 --> 00:24:05,080
Speaker 4: countries like US. The countries like America, it's hollowed out

479
00:24:05,080 --> 00:24:09,119
Speaker 4: their manufacturing base. It's hollowed out the rust belt. And

480
00:24:09,160 --> 00:24:11,640
Speaker 4: so you've got a whole bunch of people in wealthy

481
00:24:12,040 --> 00:24:15,679
Speaker 4: free trading nations who are feeling quite disenfranchised. And the

482
00:24:15,760 --> 00:24:19,320
Speaker 4: answer to them is something quite extreme. It's what Trump's doing.

483
00:24:19,400 --> 00:24:21,560
Speaker 4: But yes, but it doesn't mean it to work.

484
00:24:21,640 --> 00:24:24,480
Speaker 10: That is true, But then it's going to take a

485
00:24:24,600 --> 00:24:28,320
Speaker 10: generation before you can restore once you once had. To

486
00:24:28,440 --> 00:24:31,040
Speaker 10: unfast what you once had, because you know, if you

487
00:24:31,119 --> 00:24:35,679
Speaker 10: look at all the manufacturing plants like Nike and Lulu

488
00:24:35,760 --> 00:24:41,240
Speaker 10: Lemon that were in China went to Vietnam. Now Vietnam

489
00:24:41,359 --> 00:24:44,520
Speaker 10: is being imposed with a great tariff, and Trump believes

490
00:24:44,520 --> 00:24:47,960
Speaker 10: that they'll suddenly now upsticks move back to the United States. Well,

491
00:24:47,960 --> 00:24:51,960
Speaker 10: it doesn't quite work like that. And as somebody said,

492
00:24:52,119 --> 00:24:56,280
Speaker 10: cell phones will soon cost three thousand bucks a pop

493
00:24:56,480 --> 00:24:59,720
Speaker 10: because most of their componentory is made outside America.

494
00:25:00,040 --> 00:25:02,320
Speaker 4: Actually, when that happens, I'll be quite I'll be quite

495
00:25:02,320 --> 00:25:04,240
Speaker 4: happy because we could do without the damn things.

496
00:25:04,440 --> 00:25:04,640
Speaker 3: Yeah.

497
00:25:05,119 --> 00:25:07,800
Speaker 10: But the battle with China, I mean I find that incredible.

498
00:25:07,840 --> 00:25:11,040
Speaker 10: And I see that Trump will I heard him say

499
00:25:11,119 --> 00:25:15,640
Speaker 10: today that China is a close country. I mean he's

500
00:25:15,680 --> 00:25:17,639
Speaker 10: got to be having a laugh. I mean, look at

501
00:25:17,680 --> 00:25:22,320
Speaker 10: New Zealand, for example. We export twenty billion dollars worth

502
00:25:22,359 --> 00:25:25,800
Speaker 10: of product to China now, which a year, which is

503
00:25:25,840 --> 00:25:30,399
Speaker 10: pretty extraordinary. But in the house today Nikola Willis was

504
00:25:30,440 --> 00:25:35,959
Speaker 10: being quizzed by her opposite number, Barbara Adam Edmunds from Labor,

505
00:25:36,280 --> 00:25:38,879
Speaker 10: who seem not to realize the gravity of the Trump

506
00:25:38,960 --> 00:25:41,280
Speaker 10: terror battering ram on this country.

507
00:25:42,000 --> 00:25:45,879
Speaker 15: Is the government going to use US tariffs and worsening

508
00:25:45,920 --> 00:25:52,400
Speaker 15: global economic conditions as an excuse to hire their economic mismanagement.

509
00:25:52,040 --> 00:25:55,760
Speaker 16: No, mister speaker, we don't do excuses. We take responsibility

510
00:25:55,800 --> 00:25:57,440
Speaker 16: for the actions we can control.

511
00:25:58,440 --> 00:26:01,040
Speaker 3: The Honorable David Seaman, with the.

512
00:26:01,200 --> 00:26:07,119
Speaker 17: Minister of Finance, characterize the significant and dramatic and sudden

513
00:26:07,240 --> 00:26:10,959
Speaker 17: changes in US tariffs as a quote unquote excuse or

514
00:26:11,080 --> 00:26:13,560
Speaker 17: the biggest thing to hit the world economy in a

515
00:26:13,600 --> 00:26:16,640
Speaker 17: long time, that is creating turmoil in every market.

516
00:26:16,320 --> 00:26:16,720
Speaker 18: In the world.

517
00:26:18,720 --> 00:26:21,800
Speaker 16: Mister speaker, Minister Seymour makes a very good point.

518
00:26:22,000 --> 00:26:23,800
Speaker 4: You well, how could you disagree with that?

519
00:26:24,320 --> 00:26:27,600
Speaker 10: And honestly that would you use what's happening in the

520
00:26:27,640 --> 00:26:29,119
Speaker 10: world as an excuse?

521
00:26:29,200 --> 00:26:32,320
Speaker 4: I mean, well, it might say more about her than

522
00:26:32,359 --> 00:26:35,320
Speaker 4: it does about Nichola. It could do to now the

523
00:26:35,320 --> 00:26:38,480
Speaker 4: beat cops and their effect Hamatha Paul silent on this.

524
00:26:38,800 --> 00:26:42,359
Speaker 10: Well, yes, indeed it was interesting in the house today,

525
00:26:43,240 --> 00:26:46,440
Speaker 10: not only Tamatha Pool but the Greens were silent on this.

526
00:26:47,680 --> 00:26:50,639
Speaker 10: And of course the billboards that we saw and we

527
00:26:50,680 --> 00:26:55,639
Speaker 10: talked about yesterday attacking Green Party MP's Chloe Swarbrick and

528
00:26:55,680 --> 00:27:02,040
Speaker 10: tam of the Pool both Auckland and Wonnington Centrals and

529
00:27:02,760 --> 00:27:05,679
Speaker 10: the group is of course the Sensible Sentencing Trust and

530
00:27:05,720 --> 00:27:10,000
Speaker 10: they look like legitimate billboards. A second set of billboards

531
00:27:10,520 --> 00:27:14,760
Speaker 10: they said, whop warp defund DA Police. Now as I

532
00:27:14,840 --> 00:27:18,399
Speaker 10: understand that that's a reference to KRS one's track sound

533
00:27:18,840 --> 00:27:21,560
Speaker 10: of dar Police. Now I don't know that, but somebody

534
00:27:21,600 --> 00:27:25,840
Speaker 10: told me that and it was played by Paul during

535
00:27:25,920 --> 00:27:27,520
Speaker 10: her and I think we heard.

536
00:27:27,280 --> 00:27:28,879
Speaker 4: It, but we listened to it.

537
00:27:28,960 --> 00:27:33,040
Speaker 10: Yeah, the Cuba Dupa last month, But that was the

538
00:27:33,040 --> 00:27:37,040
Speaker 10: theme that was picked up by the Police Minister Mark Mitchell,

539
00:27:37,480 --> 00:27:40,920
Speaker 10: who was defending the police's beat patrols in Paul's own

540
00:27:40,960 --> 00:27:43,240
Speaker 10: electric of Wellington Central last year.

541
00:27:43,520 --> 00:27:47,520
Speaker 19: Alongside a fifty four percent increase in foot patrols, aggravated

542
00:27:47,600 --> 00:27:50,480
Speaker 19: Robbie's in the Wellington district dropped by thirty three point

543
00:27:50,520 --> 00:27:54,199
Speaker 19: six percent, being visible as a critical part of successful.

544
00:27:53,640 --> 00:27:56,320
Speaker 2: Policeman very honorball Chris Bishop.

545
00:27:56,359 --> 00:27:59,240
Speaker 20: Yes, the Minister received any positive feedback about the Wellington

546
00:27:59,240 --> 00:28:01,719
Speaker 20: beat teams from a Member of Parliament for Wellington Central.

547
00:28:02,080 --> 00:28:04,640
Speaker 4: Unfortunately, No, the honorble poor Goldsman.

548
00:28:05,160 --> 00:28:08,600
Speaker 6: Is it the government's policy to defund the police?

549
00:28:08,880 --> 00:28:12,120
Speaker 19: No, it's not this giment's policy to defund the police.

550
00:28:14,800 --> 00:28:18,040
Speaker 10: Paul Goldsman is actually not a hip hop man. Is

551
00:28:18,080 --> 00:28:19,640
Speaker 10: he really described?

552
00:28:19,720 --> 00:28:21,879
Speaker 4: You don't have to say that twice, but it's the

553
00:28:21,880 --> 00:28:23,840
Speaker 4: way he says things. I don't know. He's got a

554
00:28:23,840 --> 00:28:27,320
Speaker 4: weird voice. Hey, I'm staying in Wellington. This is a

555
00:28:27,359 --> 00:28:31,359
Speaker 4: great story from today. If true if true, Andrew Little

556
00:28:31,560 --> 00:28:34,800
Speaker 4: apparently going to stand for Maya well.

557
00:28:34,720 --> 00:28:37,840
Speaker 10: Yes, and I suspect that's exactly what we'll hear within

558
00:28:37,920 --> 00:28:41,440
Speaker 10: the next few days. The Labor Party they've been canvassing

559
00:28:41,480 --> 00:28:45,560
Speaker 10: around for a candidate and they've really struggled to find one.

560
00:28:45,720 --> 00:28:49,840
Speaker 10: I mean, it'll be interesting to see if Andrew Little.

561
00:28:49,880 --> 00:28:51,840
Speaker 10: And he's very much a labor man, of course, he

562
00:28:51,960 --> 00:28:53,920
Speaker 10: was the former leader of the Labor Party before he

563
00:28:53,960 --> 00:28:58,920
Speaker 10: stepped aside God for Justin durn just out from the

564
00:28:58,920 --> 00:29:01,800
Speaker 10: two thousand and seventy election. Perhaps he will be held

565
00:29:01,800 --> 00:29:06,120
Speaker 10: accountable for that and Wontington Central, but he I think

566
00:29:06,120 --> 00:29:08,320
Speaker 10: he will stand. He's a good man, Andrew Little.

567
00:29:08,480 --> 00:29:10,640
Speaker 4: Yes, he's you know, he's got a.

568
00:29:10,400 --> 00:29:14,840
Speaker 10: Good broad view of not just politics but of life

569
00:29:15,040 --> 00:29:18,000
Speaker 10: in general. I personally get on very well and I

570
00:29:18,120 --> 00:29:20,080
Speaker 10: like him a lot, and I hope that he does

571
00:29:20,160 --> 00:29:24,560
Speaker 10: stand in Wellington. But because for goodness sake do they

572
00:29:24,640 --> 00:29:30,640
Speaker 10: need it? And the comment from Tory Funnel was that

573
00:29:31,600 --> 00:29:37,840
Speaker 10: Wellington needed continuity right now. There's anything they don't need

574
00:29:37,960 --> 00:29:41,840
Speaker 10: is continuity. They need to get rid of that lot

575
00:29:41,880 --> 00:29:45,240
Speaker 10: that currently occupy Council cheers right now.

576
00:29:45,640 --> 00:29:50,920
Speaker 4: When they kept Adrian or On for continuity. What that's

577
00:29:50,960 --> 00:29:52,160
Speaker 4: the opposite of what we need.

578
00:29:52,200 --> 00:29:54,600
Speaker 10: He just shows goes to show how out of touch

579
00:29:54,880 --> 00:29:58,040
Speaker 10: Tory fun ow is. She expected she'd be there for

580
00:29:58,080 --> 00:30:01,240
Speaker 10: three terms. Well, I hate to tell this, but I

581
00:30:01,240 --> 00:30:04,800
Speaker 10: don't think she'll be there beyond the October elections.

582
00:30:04,880 --> 00:30:07,160
Speaker 4: Ryan. This textas says, if there is anyone worse than

583
00:30:07,160 --> 00:30:09,360
Speaker 4: Tory to be the mayor of Wellington, as Andrew Little,

584
00:30:09,400 --> 00:30:11,760
Speaker 4: he wouldn't put criminals in prison, did nothing on health,

585
00:30:11,840 --> 00:30:13,680
Speaker 4: was soft on everything when it was the minister God

586
00:30:13,680 --> 00:30:16,760
Speaker 4: helped Wellington. There you go, Andrew. I disagree with that,

587
00:30:16,880 --> 00:30:21,240
Speaker 4: but yeah, anything's better than Tory. Thanks Barrick cheers. Eight

588
00:30:21,240 --> 00:30:24,040
Speaker 4: to five Newstalk sab putting.

589
00:30:23,720 --> 00:30:27,200
Speaker 1: The tough questions to the newspeakers, the mic asking.

590
00:30:26,840 --> 00:30:29,520
Speaker 21: Breakfast defense boost twelve billion over four years it will

591
00:30:29,560 --> 00:30:32,080
Speaker 21: be at least two percent of GDP eventually nine billion

592
00:30:32,080 --> 00:30:34,760
Speaker 21: of its brand new money to the Defense Minister Judith Collins,

593
00:30:34,800 --> 00:30:36,560
Speaker 21: it felt a bit grown up that we might be

594
00:30:36,600 --> 00:30:39,160
Speaker 21: back in the world and playing our roles.

595
00:30:39,280 --> 00:30:40,920
Speaker 22: Well, yes, it's a good way of putting it. A

596
00:30:41,000 --> 00:30:43,440
Speaker 22: growing up understanding the will is not the way we'd

597
00:30:43,480 --> 00:30:43,960
Speaker 22: like it to be.

598
00:30:44,200 --> 00:30:46,160
Speaker 23: We have to deal with what we've got and what

599
00:30:46,200 --> 00:30:48,680
Speaker 23: we expect it might look like in a FERNIORUS times.

600
00:30:48,560 --> 00:30:49,960
Speaker 2: The forces had to be stoked.

601
00:30:50,080 --> 00:30:52,400
Speaker 22: I'm told that they are potentually stoked.

602
00:30:52,520 --> 00:30:55,240
Speaker 18: They've had thirty five years, except for that small period

603
00:30:55,280 --> 00:30:57,480
Speaker 18: when Ron mart was the minister and he actually got

604
00:30:57,520 --> 00:30:58,920
Speaker 18: them some really good kitch.

605
00:30:58,960 --> 00:31:01,400
Speaker 22: But they've had thirty five year is a being gushed frankly.

606
00:31:01,800 --> 00:31:04,560
Speaker 21: Back tomorrow at six am, the Mike Hosking Breakfast with

607
00:31:04,600 --> 00:31:06,600
Speaker 21: the Rain drove the laugh News Talk ZB.

608
00:31:07,760 --> 00:31:09,840
Speaker 4: It is five minutes away from five minutes talks. There'd

609
00:31:09,840 --> 00:31:11,920
Speaker 4: be We'll have Stephen Joyce on the show on Trump's

610
00:31:11,960 --> 00:31:15,200
Speaker 4: tariffs that's coming up after five o'clock. Also Karen Shaw

611
00:31:15,440 --> 00:31:20,040
Speaker 4: from Who's the Children's Minister? This business of a target,

612
00:31:20,160 --> 00:31:23,240
Speaker 4: So at the moment ordering a tamadiki has a target

613
00:31:23,440 --> 00:31:27,000
Speaker 4: to place fifty eight percent, and god knows how they

614
00:31:27,000 --> 00:31:29,360
Speaker 4: came up with fifty eight percent quite a specific number,

615
00:31:29,680 --> 00:31:31,880
Speaker 4: fifty eight percent of the kids in their care with

616
00:31:31,960 --> 00:31:35,760
Speaker 4: the wider faro. Now they are getting rid of that target,

617
00:31:36,440 --> 00:31:40,320
Speaker 4: so there'll be no pressure to put kids back into

618
00:31:40,360 --> 00:31:43,480
Speaker 4: the hands of their wider faro. And the reason that

619
00:31:44,080 --> 00:31:46,560
Speaker 4: Karen chauces they're doing this is because of safety. They're

620
00:31:46,600 --> 00:31:48,680
Speaker 4: worried that if there's pressure to put the kids back

621
00:31:48,680 --> 00:31:51,000
Speaker 4: into the farno and there are safety concerns, they might

622
00:31:51,040 --> 00:31:53,080
Speaker 4: be overlooked. So anyway, she'll run us through that after

623
00:31:53,080 --> 00:31:59,960
Speaker 4: five o'clock. Now, business confidence, so quarter one it's actually up,

624
00:32:00,040 --> 00:32:02,360
Speaker 4: which is a good news story. This is the NZI

625
00:32:02,560 --> 00:32:05,320
Speaker 4: quarter one business survey. A net twenty three percent of

626
00:32:05,360 --> 00:32:09,200
Speaker 4: firms expect general economic conditions to improve over the coming months.

627
00:32:09,360 --> 00:32:13,000
Speaker 4: That's good, and it's up from nine percent in the

628
00:32:13,080 --> 00:32:16,440
Speaker 4: quarter before it. However, a net twenty one percent of

629
00:32:16,480 --> 00:32:19,800
Speaker 4: firms reported a decline in activity in their own business

630
00:32:20,000 --> 00:32:23,440
Speaker 4: in the March quarter, so that's not great. In other words,

631
00:32:23,880 --> 00:32:26,280
Speaker 4: we are feeling slightly better about the future than we

632
00:32:26,280 --> 00:32:29,680
Speaker 4: were last time, but we're not actually earning more money yet.

633
00:32:29,960 --> 00:32:33,520
Speaker 4: And this all done, I'm assuming we've got this today

634
00:32:34,240 --> 00:32:37,800
Speaker 4: before Trump launched the old loaded cock the gun and

635
00:32:37,880 --> 00:32:40,920
Speaker 4: launched the trade missiles. So how is that going to

636
00:32:41,000 --> 00:32:43,880
Speaker 4: make you feel about the future? We find out I

637
00:32:43,920 --> 00:32:47,920
Speaker 4: suppose just gone three minutes away from five news tooks EDB.

638
00:32:48,640 --> 00:33:02,000
Speaker 4: We'll get too. Stephen Joyce next.

639
00:33:02,200 --> 00:33:03,120
Speaker 13: Dark Dust.

640
00:33:13,080 --> 00:33:18,560
Speaker 1: Questions Answers, Facts Analysis, the drive show you trust for

641
00:33:18,640 --> 00:33:22,200
Speaker 1: the full picture. Brian Bridge on Heather Duplicy Ellen Drive

642
00:33:22,400 --> 00:33:24,920
Speaker 1: with one New Zealand Let's get connected.

643
00:33:25,040 --> 00:33:26,720
Speaker 2: News talksb good.

644
00:33:26,520 --> 00:33:28,880
Speaker 4: Eve Turesday, the apri of April at seven after five

645
00:33:28,920 --> 00:33:31,480
Speaker 4: News talks AB We've had the Prime Minister on Instagram

646
00:33:31,480 --> 00:33:34,680
Speaker 4: today Nichola willis doing a press conference this about Trump

647
00:33:34,720 --> 00:33:38,320
Speaker 4: and his tariffs, the message they will hurt us largely

648
00:33:38,360 --> 00:33:41,080
Speaker 4: and directly. Couple of things they pointed out our trading

649
00:33:41,160 --> 00:33:45,360
Speaker 4: partner's growth will be lower and global inflation will be

650
00:33:45,520 --> 00:33:47,600
Speaker 4: higher than was forecast in December.

651
00:33:48,120 --> 00:33:51,560
Speaker 16: All of these factors create risk for the New Zealand economy.

652
00:33:52,240 --> 00:33:55,560
Speaker 16: And this happens just as we have been gathering positive

653
00:33:55,600 --> 00:33:58,920
Speaker 16: momentum and recovering from a period of high inflation and

654
00:33:59,000 --> 00:34:03,240
Speaker 16: high interest rates. Confidence has been setting higher, job growth

655
00:34:03,240 --> 00:34:06,200
Speaker 16: has been occurring, and dwelling consents have been gradually picking

656
00:34:06,280 --> 00:34:11,719
Speaker 16: out put Simply, the past week's global developments make our

657
00:34:11,840 --> 00:34:16,920
Speaker 16: recovery harder. These factors will also impact the government books,

658
00:34:17,560 --> 00:34:23,480
Speaker 16: with potential impacts for revenue, debt, inflation and interest rates.

659
00:34:23,800 --> 00:34:26,080
Speaker 4: Stephen Joyce is the form of Finance Minister with me tonight,

660
00:34:26,120 --> 00:34:26,920
Speaker 4: Good Evening.

661
00:34:27,880 --> 00:34:28,719
Speaker 24: Ending Ryan, how are you.

662
00:34:28,880 --> 00:34:31,840
Speaker 4: I'm good. You can almost hear the disappointment in Nichola

663
00:34:31,880 --> 00:34:33,120
Speaker 4: Willis's voice, there, can't you.

664
00:34:34,320 --> 00:34:38,320
Speaker 24: Absolutely And lookas has sadly been coming for a few weeks,

665
00:34:38,960 --> 00:34:43,800
Speaker 24: because it became I think apparent as soon as Trump

666
00:34:43,840 --> 00:34:46,399
Speaker 24: came into office that whatever he did, it was going

667
00:34:46,440 --> 00:34:50,840
Speaker 24: to be disrupting New Zealand's economic recovery, not by obviously intention,

668
00:34:51,080 --> 00:34:54,560
Speaker 24: but by what has actually come to pass, which is

669
00:34:55,200 --> 00:35:00,719
Speaker 24: uncertainty around tariffs, then high tariffs. Then you get a

670
00:35:00,760 --> 00:35:05,040
Speaker 24: second order economic effects, which are largely increased inflation and

671
00:35:05,080 --> 00:35:06,200
Speaker 24: reduce global growth.

672
00:35:07,239 --> 00:35:09,600
Speaker 4: How bad does it get? I mean, and does the

673
00:35:09,640 --> 00:35:12,480
Speaker 4: minister actually know yet? Does anyone actually know yet?

674
00:35:13,320 --> 00:35:17,160
Speaker 24: No? Nobody knows yet. I mean, obviously the boffins that

675
00:35:17,200 --> 00:35:19,280
Speaker 24: the Treasury will have to draw pictures on a graph,

676
00:35:19,320 --> 00:35:21,400
Speaker 24: so they have to try and do their best guess.

677
00:35:22,200 --> 00:35:25,080
Speaker 24: But this is uncharted territory, everybody. I don't think Donald

678
00:35:25,120 --> 00:35:27,680
Speaker 24: Trump knows, to be blunt, I don't think he knows

679
00:35:27,760 --> 00:35:30,600
Speaker 24: quite where it lands. And he's making it up every

680
00:35:30,640 --> 00:35:32,200
Speaker 24: day as he goes along. And I think that's one

681
00:35:32,239 --> 00:35:35,279
Speaker 24: of the problems is that there are two issues here.

682
00:35:35,320 --> 00:35:39,680
Speaker 24: There is the fact of the tariffs, which is detrimental

683
00:35:40,000 --> 00:35:42,960
Speaker 24: in their own right, but there's also the daily uncertainty

684
00:35:43,800 --> 00:35:46,640
Speaker 24: which is going to slow down investment around the world.

685
00:35:47,480 --> 00:35:49,320
Speaker 24: And you think about it. If you're running a factory

686
00:35:49,360 --> 00:35:53,920
Speaker 24: anywhere in the world right now, particularly in the US, China,

687
00:35:54,560 --> 00:35:57,680
Speaker 24: anywhere in Asia, and you had been planning to build

688
00:35:57,680 --> 00:36:01,319
Speaker 24: a new factory, maybe to double out or something where

689
00:36:01,360 --> 00:36:04,080
Speaker 24: then you're saddenly going to sit on their hands now

690
00:36:04,120 --> 00:36:06,680
Speaker 24: for the next next few weeks to try and work

691
00:36:06,719 --> 00:36:07,960
Speaker 24: out what the hell to do next.

692
00:36:08,280 --> 00:36:10,760
Speaker 4: We're all kind of crippled by it, not just Nichola

693
00:36:10,760 --> 00:36:13,279
Speaker 4: Willis and the government, but as you say, businesses, but

694
00:36:13,320 --> 00:36:15,000
Speaker 4: even then the Reserve Bank. I mean, how do you

695
00:36:15,560 --> 00:36:17,759
Speaker 4: how do you make decisions in an environment where you

696
00:36:17,800 --> 00:36:20,239
Speaker 4: don't you literally don't know whether inflation is going to

697
00:36:20,239 --> 00:36:22,000
Speaker 4: go through the roof, growth is going to go through

698
00:36:22,040 --> 00:36:23,600
Speaker 4: the floor, or both of those things are going to

699
00:36:23,600 --> 00:36:24,640
Speaker 4: happen simultaneously.

700
00:36:25,680 --> 00:36:29,960
Speaker 24: Well, were the dueling the dueling reality is right, So

701
00:36:30,160 --> 00:36:33,400
Speaker 24: inflation is likely to at least initially increase, but then

702
00:36:33,440 --> 00:36:36,680
Speaker 24: of course if the world economy slows down, that's likely

703
00:36:36,719 --> 00:36:40,360
Speaker 24: to reduce inflation. So you're right, people don't know the

704
00:36:40,400 --> 00:36:42,400
Speaker 24: answer that affect them. From the Reserve Bank's point of view,

705
00:36:42,400 --> 00:36:47,000
Speaker 24: they'll be cautious. I suspect it'll be interesting to see

706
00:36:47,040 --> 00:36:48,600
Speaker 24: the weather this week if they still go here with

707
00:36:48,640 --> 00:36:52,279
Speaker 24: the cut that obviously planned. They probably will, but I

708
00:36:52,280 --> 00:36:56,360
Speaker 24: don't think it's guaranteed. And because they'll be sitting there

709
00:36:56,719 --> 00:36:59,520
Speaker 24: thinking it through, I think probably most central banks around

710
00:36:59,520 --> 00:37:02,880
Speaker 24: the world at the moment will continue cautiously on the

711
00:37:02,920 --> 00:37:05,600
Speaker 24: path that they've been on. But then they're going to wait.

712
00:37:05,600 --> 00:37:07,400
Speaker 24: But I think probably the biggest thing to watch for,

713
00:37:07,960 --> 00:37:10,160
Speaker 24: and I hope this isn't wishful thinking on my part,

714
00:37:10,200 --> 00:37:14,440
Speaker 24: but at some point the wider US is going to

715
00:37:14,440 --> 00:37:19,799
Speaker 24: wake up and actually curtails to some degree what's going on.

716
00:37:19,840 --> 00:37:22,560
Speaker 24: And it's been really interesting to see over the weekend

717
00:37:23,280 --> 00:37:27,600
Speaker 24: huge numbers of the Republican parties, big donors and backers

718
00:37:27,680 --> 00:37:29,319
Speaker 24: come out and say they're not signed up for this.

719
00:37:30,680 --> 00:37:35,120
Speaker 24: And I think at some point, if this volatility continues,

720
00:37:35,320 --> 00:37:37,520
Speaker 24: which is likely to, it may not continue to drop

721
00:37:37,520 --> 00:37:39,640
Speaker 24: the markets, say for example, the next Star too. There's

722
00:37:39,680 --> 00:37:41,799
Speaker 24: got to be some breather at some point. But if

723
00:37:41,800 --> 00:37:45,440
Speaker 24: this continues, then I would expect at some point the

724
00:37:45,560 --> 00:37:48,960
Speaker 24: US Senate will start to assert itself only because it

725
00:37:49,000 --> 00:37:51,440
Speaker 24: has to at some stage process and what I mean

726
00:37:51,480 --> 00:37:53,920
Speaker 24: by that is actually starting to put some pressure on

727
00:37:54,920 --> 00:37:58,360
Speaker 24: to the administration to curtail some of their wildest excesses.

728
00:37:58,760 --> 00:38:01,880
Speaker 4: Steven Joyce appreciate your alisis Stephen Joyesley, former Finance Minister

729
00:38:01,920 --> 00:38:04,960
Speaker 4: on the show eleven after five recording on Somebody Key

730
00:38:05,040 --> 00:38:07,120
Speaker 4: is getting rid of its target to put fifty eight

731
00:38:07,160 --> 00:38:10,320
Speaker 4: percent of the kids in its care with the Widafano.

732
00:38:10,360 --> 00:38:14,000
Speaker 4: Now it did this, it's said because it needed to

733
00:38:14,040 --> 00:38:16,440
Speaker 4: get children back to their families. It's also ditching a

734
00:38:16,480 --> 00:38:20,440
Speaker 4: target for investment with MALDI organizations. The Minister for Children

735
00:38:20,560 --> 00:38:22,840
Speaker 4: is Karen Chare. She says it's part of a strategy

736
00:38:22,920 --> 00:38:26,240
Speaker 4: quote to put safety first. She's with me now, minister.

737
00:38:26,280 --> 00:38:29,759
Speaker 25: Good evening, good evening, How are you very well?

738
00:38:29,760 --> 00:38:31,759
Speaker 4: Thank you, thanks for being with me. So what's the

739
00:38:31,800 --> 00:38:32,840
Speaker 4: problem with the target?

740
00:38:34,640 --> 00:38:38,160
Speaker 25: So wading on TOMIDEKEI has a lot of targets when

741
00:38:38,200 --> 00:38:42,239
Speaker 25: it comes to how we make decisions and care for

742
00:38:42,360 --> 00:38:45,359
Speaker 25: our children that come to our attention. When I first

743
00:38:45,360 --> 00:38:48,200
Speaker 25: became minister, I was concerned by the amount of internal

744
00:38:48,239 --> 00:38:52,440
Speaker 25: targets that we had that aren't directly related to the

745
00:38:52,480 --> 00:38:55,520
Speaker 25: core purpose of the organization, which is care and protection,

746
00:38:56,320 --> 00:38:58,879
Speaker 25: and we weren't doing that well to be honest, and

747
00:38:59,000 --> 00:39:00,880
Speaker 25: so I want the folks us to go back to

748
00:39:00,920 --> 00:39:04,680
Speaker 25: the safety and the well being of our young people.

749
00:39:04,680 --> 00:39:07,160
Speaker 22: And make sure that our targets are actually.

750
00:39:07,160 --> 00:39:11,360
Speaker 25: Aimed at that. So the target around requiring OT to

751
00:39:11,440 --> 00:39:13,960
Speaker 25: place fifty eight percent of children in care with wider

752
00:39:13,960 --> 00:39:18,840
Speaker 25: family infano sounds good, But what happens if there are

753
00:39:18,960 --> 00:39:22,839
Speaker 25: no wide afano to care for those children, and if

754
00:39:22,880 --> 00:39:26,799
Speaker 25: we have a target of caregivers more Maori caregivers, We've

755
00:39:26,840 --> 00:39:29,600
Speaker 25: actually got another problem. Now we don't have enough plates

756
00:39:29,600 --> 00:39:32,279
Speaker 25: for these young people to go. My concern is they're

757
00:39:32,320 --> 00:39:36,840
Speaker 25: going to become institutionalized because we don't have placements because

758
00:39:36,880 --> 00:39:39,520
Speaker 25: of this target consequence.

759
00:39:39,640 --> 00:39:43,879
Speaker 4: So because ordering a tumodiki required that they have more

760
00:39:43,960 --> 00:39:47,719
Speaker 4: Maori caregivers, they've got less caregivers overall because there weren't

761
00:39:47,800 --> 00:39:48,600
Speaker 4: enough Maori ones.

762
00:39:49,840 --> 00:39:53,640
Speaker 25: Well, they weren't enough caregivers all up this this this

763
00:39:53,800 --> 00:39:57,279
Speaker 25: requirement were not a lot. They put their hands.

764
00:39:57,080 --> 00:40:00,040
Speaker 4: Up, but were they not looking for caregivers White.

765
00:40:00,200 --> 00:40:06,560
Speaker 25: Givers that number declient and many keygivers that were not

766
00:40:06,680 --> 00:40:11,080
Speaker 25: already such that they weren't wanted or needed over the

767
00:40:11,160 --> 00:40:14,319
Speaker 25: last few years that the feedback I was getting they

768
00:40:14,360 --> 00:40:17,719
Speaker 25: told you, and I want yep, and I want good caregivers,

769
00:40:17,920 --> 00:40:20,239
Speaker 25: people who are willing to open up their homes and

770
00:40:20,360 --> 00:40:22,960
Speaker 25: love these kids and care for these kids in a

771
00:40:23,040 --> 00:40:27,400
Speaker 25: safe way, to feel comfortable putting their hands up knowing

772
00:40:27,480 --> 00:40:29,960
Speaker 25: that they can do a good job for these young people.

773
00:40:30,239 --> 00:40:32,840
Speaker 4: Karen saw, appreciate your time, Minister for Children. It's fourteen

774
00:40:32,880 --> 00:40:36,720
Speaker 4: after five, Plan Ridge. So the Green Fund is gone.

775
00:40:36,840 --> 00:40:38,640
Speaker 4: We learned that in the last couple of minutes. This

776
00:40:38,680 --> 00:40:41,520
Speaker 4: is the investment fund that the previous government set up

777
00:40:41,640 --> 00:40:44,600
Speaker 4: and invested in all sorts of things like solar panels

778
00:40:44,680 --> 00:40:46,880
Speaker 4: and four hundred million dollars here and a couple of

779
00:40:46,880 --> 00:40:49,359
Speaker 4: million dollars there. That fund is going to be going.

780
00:40:49,400 --> 00:40:51,239
Speaker 4: And this is the kind of stuff Nichola Willis was

781
00:40:51,239 --> 00:40:53,600
Speaker 4: talking about on this show a couple of weeks ago.

782
00:40:54,000 --> 00:40:56,000
Speaker 4: Stuff that will be programs that will be cut to

783
00:40:56,040 --> 00:40:59,200
Speaker 4: pay for new stuff like what we talked about yesterday. Defense,

784
00:41:00,040 --> 00:41:01,840
Speaker 4: I just had to bring your attention to this really quickly.

785
00:41:01,880 --> 00:41:04,520
Speaker 4: This is from the NZI Teacher Union. Today. They came

786
00:41:04,560 --> 00:41:07,200
Speaker 4: out with a press release and in all seriousness with

787
00:41:07,280 --> 00:41:11,040
Speaker 4: a straight face, said that they wanted two point five

788
00:41:11,280 --> 00:41:16,840
Speaker 4: billion dollars to boost support the children, including one billion

789
00:41:16,920 --> 00:41:20,320
Speaker 4: dollars to put a teacher aid in every single classroom

790
00:41:20,320 --> 00:41:26,279
Speaker 4: in the country. That's eleven thousand teacher aids. I mean,

791
00:41:26,320 --> 00:41:29,160
Speaker 4: I know we've got problems with children's children who can't

792
00:41:29,440 --> 00:41:32,160
Speaker 4: focus and who are annoying to other people in the class.

793
00:41:32,560 --> 00:41:36,960
Speaker 4: But a teacher aid for every teacher in every classroom

794
00:41:37,000 --> 00:41:40,880
Speaker 4: in New Zealand and a billion dollars tell them they're dreaming.

795
00:41:41,040 --> 00:41:44,120
Speaker 4: News Talk ZB It is five eighteen, so from Monday.

796
00:41:44,280 --> 00:41:46,280
Speaker 4: This is a to update you on stuff the police

797
00:41:46,320 --> 00:41:50,160
Speaker 4: are doing. From Monday, Police an Auckland, Wycuto and Tasman

798
00:41:50,239 --> 00:41:53,000
Speaker 4: will only stay with people that have been detained under

799
00:41:53,040 --> 00:41:55,480
Speaker 4: the Mental Health Act for a maximum of an hour

800
00:41:55,960 --> 00:41:58,960
Speaker 4: sixteen minutes once they're in an ed in a hospital.

801
00:41:59,280 --> 00:42:01,319
Speaker 4: If a person in custody is placed under the Mental

802
00:42:01,400 --> 00:42:03,759
Speaker 4: Health Act, they have to be transported to a health

803
00:42:03,800 --> 00:42:07,960
Speaker 4: facility within thirty minutes. The Assistant Commissioner for Police is

804
00:42:08,040 --> 00:42:10,640
Speaker 4: Mike Johnson. He's gotten me on the show tonight, Mike,

805
00:42:10,680 --> 00:42:13,759
Speaker 4: good to have you here. So how will the handover

806
00:42:13,840 --> 00:42:17,279
Speaker 4: work when someone's been sectioned. You're with them an ned.

807
00:42:17,480 --> 00:42:18,160
Speaker 4: How does it work?

808
00:42:18,960 --> 00:42:23,799
Speaker 18: How does it work? Well, we take a person exhibiting

809
00:42:24,520 --> 00:42:28,799
Speaker 18: mental health signs to A and E and or the

810
00:42:29,040 --> 00:42:35,120
Speaker 18: appropriate plate and from the time that we are in

811
00:42:35,320 --> 00:42:39,120
Speaker 18: enter A and E, we or ed as it's described,

812
00:42:39,239 --> 00:42:43,600
Speaker 18: we expect to be able to hand that person over

813
00:42:44,360 --> 00:42:46,919
Speaker 18: as long as we can do it safely, Ryan, which

814
00:42:47,000 --> 00:42:50,960
Speaker 18: is quite an important p piece to hand over to

815
00:42:51,280 --> 00:42:55,040
Speaker 18: mental health professionals who can assess and help the person

816
00:42:55,080 --> 00:42:55,399
Speaker 18: in need.

817
00:42:55,680 --> 00:42:58,239
Speaker 4: Right, what happens if there's no one there available in

818
00:42:58,280 --> 00:42:59,399
Speaker 4: the hour you leave?

819
00:43:00,960 --> 00:43:05,279
Speaker 18: Well, it really depends on the state of the individual.

820
00:43:05,520 --> 00:43:07,759
Speaker 18: I'd have to say, Ryan, but we're never going to

821
00:43:07,880 --> 00:43:12,279
Speaker 18: walk out of the safety issues, either to police, to

822
00:43:12,320 --> 00:43:15,880
Speaker 18: the public, or to the staff who are going to

823
00:43:15,960 --> 00:43:16,839
Speaker 18: do the assessment.

824
00:43:17,440 --> 00:43:20,600
Speaker 4: So is, however, our is the difference then, just so

825
00:43:20,640 --> 00:43:23,200
Speaker 4: we'kly is the difference then that previously you would have

826
00:43:23,280 --> 00:43:27,080
Speaker 4: stayed even if they were harmless, if there was nothing wrong,

827
00:43:27,320 --> 00:43:29,720
Speaker 4: You stayed to the bitter end because that was the policy,

828
00:43:29,760 --> 00:43:32,319
Speaker 4: whereas now you'll make more of a judgment and if

829
00:43:32,360 --> 00:43:34,960
Speaker 4: the person seems okay, you'll boost.

830
00:43:34,680 --> 00:43:39,200
Speaker 18: It's that's absolutely the case, is ok states to do.

831
00:43:39,320 --> 00:43:41,839
Speaker 18: So We've got our staff are great and they deal

832
00:43:41,920 --> 00:43:47,160
Speaker 18: with these unfortunately, with these people regularly. We want our

833
00:43:47,200 --> 00:43:50,480
Speaker 18: police on the streets. I focused on police.

834
00:43:50,680 --> 00:43:52,560
Speaker 4: What I guess the question would be, if you've been

835
00:43:52,560 --> 00:43:56,399
Speaker 4: picking people up who are actually fine and taking them

836
00:43:56,400 --> 00:43:58,239
Speaker 4: to hospital, why have you been doing that?

837
00:44:00,160 --> 00:44:03,000
Speaker 18: So I wouldn't say people are fine. I come back

838
00:44:03,000 --> 00:44:07,160
Speaker 18: to that definition of safety, Brian. So of people are

839
00:44:07,800 --> 00:44:12,040
Speaker 18: affected in a range of ways. I'm not a clinician,

840
00:44:12,080 --> 00:44:13,759
Speaker 18: so I'm not going to go into the details of that.

841
00:44:14,080 --> 00:44:17,800
Speaker 18: But our staff make good assessments, and we do training

842
00:44:17,840 --> 00:44:20,560
Speaker 18: around mental health and care.

843
00:44:20,440 --> 00:44:21,319
Speaker 2: Of people.

844
00:44:22,680 --> 00:44:25,799
Speaker 18: When we get to the hospital and are in that

845
00:44:26,000 --> 00:44:29,680
Speaker 18: environment often over time that there is an ability for

846
00:44:29,680 --> 00:44:32,799
Speaker 18: people to de escalate and their behaviors in their risk.

847
00:44:33,080 --> 00:44:35,759
Speaker 4: Are you, guys, Mike, are you happy to be not

848
00:44:35,920 --> 00:44:37,760
Speaker 4: washing your hands? And I know that's not the language

849
00:44:37,760 --> 00:44:40,480
Speaker 4: you would use, but will your frontline officers be happy

850
00:44:40,520 --> 00:44:43,840
Speaker 4: to you know, with phase one where you're not attending

851
00:44:43,840 --> 00:44:45,600
Speaker 4: as many of these call outs to begin with, and

852
00:44:45,640 --> 00:44:47,799
Speaker 4: in phase two, where you're pulling back a little bit,

853
00:44:47,960 --> 00:44:49,880
Speaker 4: are you happy to be focusing on other stuff?

854
00:44:52,360 --> 00:44:57,279
Speaker 18: I absolutely think that we want our police staff to

855
00:44:57,400 --> 00:45:00,919
Speaker 18: be out dealing with the issues that the public will

856
00:45:00,960 --> 00:45:02,400
Speaker 18: expect in keeping people safe.

857
00:45:02,480 --> 00:45:04,279
Speaker 4: Yeah, good, I think they would too, Mike, Thank you

858
00:45:04,360 --> 00:45:07,280
Speaker 4: very much. That Mike Johnson, who's the assistant commissioner at Police.

859
00:45:07,320 --> 00:45:09,080
Speaker 4: It is is twenty one minutes after five year on

860
00:45:09,120 --> 00:45:11,600
Speaker 4: news talks. Here b coming up next, We've got a

861
00:45:11,640 --> 00:45:14,200
Speaker 4: couple of big movements in the labor party. I'll tell

862
00:45:14,239 --> 00:45:16,280
Speaker 4: you about the next. As you winch closer to retirement,

863
00:45:16,360 --> 00:45:18,919
Speaker 4: it's natural to start thinking about your finances. We all

864
00:45:18,920 --> 00:45:21,200
Speaker 4: do it. Those questions that pop up from time to time,

865
00:45:21,560 --> 00:45:23,759
Speaker 4: especially with the cost of living the way that it

866
00:45:23,800 --> 00:45:26,960
Speaker 4: is today. How much will I need? Have I got enough?

867
00:45:27,280 --> 00:45:29,880
Speaker 4: How long is it going to last? These can be

868
00:45:29,880 --> 00:45:32,680
Speaker 4: pretty confronting questions, especially when you look at the market

869
00:45:32,719 --> 00:45:35,840
Speaker 4: volatility around at the moment. But you're not alone. They're

870
00:45:35,840 --> 00:45:39,319
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873
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875
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876
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877
00:45:56,520 --> 00:45:59,680
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878
00:45:59,840 --> 00:46:03,040
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879
00:46:03,080 --> 00:46:08,320
Speaker 4: Head to milfordasset dot com slash retire. Well that's Milfordasset

880
00:46:08,360 --> 00:46:10,520
Speaker 4: dot com slash retire well.

881
00:46:11,920 --> 00:46:16,439
Speaker 1: Informed inside into today's issues. It's Ryan Bridge on Hither

882
00:46:16,560 --> 00:46:20,640
Speaker 1: dupericy Ellen drive with one New Zealand let's get connected

883
00:46:20,960 --> 00:46:21,520
Speaker 1: news talks.

884
00:46:21,560 --> 00:46:22,200
Speaker 3: He'd be five.

885
00:46:22,960 --> 00:46:25,400
Speaker 4: We got two big names of the Labor Party in

886
00:46:25,440 --> 00:46:28,279
Speaker 4: the news this afternoon, one on the way out and

887
00:46:28,360 --> 00:46:30,800
Speaker 4: the other on the way back in. David Parker is

888
00:46:30,960 --> 00:46:33,440
Speaker 4: out twenty three years on the job. He's a man

889
00:46:33,560 --> 00:46:37,080
Speaker 4: leaving with unfinished business. You know, he wanted the capital

890
00:46:37,120 --> 00:46:39,920
Speaker 4: gains tax or a wealth tax or a Thomas Picketty

891
00:46:39,960 --> 00:46:43,320
Speaker 4: tax of some kind very badly. But he leaves empty handed.

892
00:46:44,120 --> 00:46:47,080
Speaker 4: Does he leave because he's empty handed? Is this a

893
00:46:47,120 --> 00:46:49,680
Speaker 4: sign Labor won't take a tax to the next election.

894
00:46:50,360 --> 00:46:52,839
Speaker 4: I'm probably not. I don't think so. I think he'd

895
00:46:52,880 --> 00:46:55,200
Speaker 4: had enough. He'd have to wait another four and a

896
00:46:55,239 --> 00:46:58,200
Speaker 4: half years minimum to get back into cabinet. Remember, because

897
00:46:58,280 --> 00:47:01,040
Speaker 4: Labour's going to lose the next election. He's sixty five.

898
00:47:01,600 --> 00:47:04,040
Speaker 4: By then he'd be seventy, and even then you're not

899
00:47:04,040 --> 00:47:05,960
Speaker 4: sure if you get your tax on the rich. So

900
00:47:06,080 --> 00:47:07,960
Speaker 4: better to bail now and do something else you like.

901
00:47:08,080 --> 00:47:11,759
Speaker 4: I like David. Many won't because of his politics. That's

902
00:47:11,760 --> 00:47:13,960
Speaker 4: fair enough. But I've always liked him as a person.

903
00:47:14,480 --> 00:47:17,840
Speaker 4: He's smart. He came from the private sector. He's a

904
00:47:17,880 --> 00:47:20,480
Speaker 4: startup guy turned CEO. He used to live across the

905
00:47:20,480 --> 00:47:24,000
Speaker 4: street from me, actually in Auckland. I used to get

906
00:47:24,040 --> 00:47:26,800
Speaker 4: sent his mail occasionally and would rifle through it and

907
00:47:26,880 --> 00:47:30,360
Speaker 4: then go and hand it back. He was founder at

908
00:47:30,400 --> 00:47:32,319
Speaker 4: a two milk Did you know that about him? I

909
00:47:32,360 --> 00:47:34,080
Speaker 4: remember one time he had a Christmas party in his

910
00:47:34,120 --> 00:47:36,319
Speaker 4: office and people were dancing on tables. I thought it

911
00:47:36,360 --> 00:47:39,560
Speaker 4: was outrageous. We stopped using him on the AM show

912
00:47:39,600 --> 00:47:42,239
Speaker 4: because he had this one interview with Nichola Willis which

913
00:47:42,280 --> 00:47:45,000
Speaker 4: we thought went a little bit too far. But apart

914
00:47:45,000 --> 00:47:48,759
Speaker 4: from that great guy, then there is, by the way,

915
00:47:48,800 --> 00:47:50,960
Speaker 4: the one replacing him on the list is a lawyer,

916
00:47:51,239 --> 00:47:54,080
Speaker 4: which is not good for labor. Labor needs more business

917
00:47:54,080 --> 00:47:57,560
Speaker 4: people and fewer lawyers. And then there's Andrew Little. Again.

918
00:47:57,880 --> 00:48:00,560
Speaker 4: Many won't like his politics and his union background, but

919
00:48:00,600 --> 00:48:04,279
Speaker 4: when you sit him down next to Tory Farno, he's

920
00:48:04,280 --> 00:48:06,319
Speaker 4: remembered to be running for Wellington Mere. By the way,

921
00:48:06,360 --> 00:48:10,640
Speaker 4: he's like he's like a genius and Jesus and Elvis

922
00:48:10,719 --> 00:48:14,600
Speaker 4: all wrapped into one. Saving Wellington from itself not an

923
00:48:14,640 --> 00:48:18,000
Speaker 4: easy job, but of all the candidates so far, little

924
00:48:18,080 --> 00:48:21,160
Speaker 4: has the experience and the best shot at doing it.

925
00:48:21,640 --> 00:48:23,439
Speaker 2: Brian Bridge five twenty seven.

926
00:48:23,560 --> 00:48:27,080
Speaker 4: Guess who's on the show next, David Parker. So we'll

927
00:48:27,120 --> 00:48:29,000
Speaker 4: ask him about the tax and we'll ask him what

928
00:48:29,040 --> 00:48:31,279
Speaker 4: he thinks their plans are for the election and what

929
00:48:31,400 --> 00:48:34,040
Speaker 4: his plans are for the future. Also clear to Law

930
00:48:34,200 --> 00:48:36,960
Speaker 4: and Nick Leggett joined me on the huddle. You're on

931
00:48:37,000 --> 00:48:37,719
Speaker 4: news talks b.

932
00:48:49,719 --> 00:48:54,120
Speaker 2: To quite so I get here the c.

933
00:48:55,719 --> 00:49:02,160
Speaker 10: Give me the mouse, lack in love of things.

934
00:49:03,000 --> 00:49:07,080
Speaker 21: We can go forever till you want to sit it out.

935
00:49:09,400 --> 00:49:11,799
Speaker 1: On the iHeart app and in your car on your

936
00:49:11,880 --> 00:49:15,720
Speaker 1: drive home it's Ryan Bridge on hither duplicy Alan drive

937
00:49:16,080 --> 00:49:19,560
Speaker 1: with one New Zealand let's get connected news talks.

938
00:49:19,560 --> 00:49:19,880
Speaker 3: They'd be.

939
00:49:21,560 --> 00:49:39,320
Speaker 8: Don't take a.

940
00:49:31,400 --> 00:49:33,400
Speaker 4: Twenty five away from six news talks. They'd be a

941
00:49:33,440 --> 00:49:36,440
Speaker 4: clear law a journalist, nically get infrastructure and Zad standing

942
00:49:36,480 --> 00:49:39,279
Speaker 4: by for the huddle. Ryan, this is from Kevin. You

943
00:49:39,440 --> 00:49:42,240
Speaker 4: weren't happy with Andrew Little making a disaster in parliament,

944
00:49:42,239 --> 00:49:45,720
Speaker 4: now you're happy from to make a disaster in local government, really,

945
00:49:45,880 --> 00:49:46,560
Speaker 4: says Kevin.

946
00:49:47,000 --> 00:49:47,320
Speaker 3: Kevin.

947
00:49:47,440 --> 00:49:50,480
Speaker 4: They can't all have been bad, yes, that particular government.

948
00:49:50,520 --> 00:49:52,719
Speaker 4: I think we are as we see every time we

949
00:49:52,760 --> 00:49:55,360
Speaker 4: open the newspaper, every time we open the government books.

950
00:49:55,600 --> 00:49:57,839
Speaker 4: They're were bad things that happen, but they can't all

951
00:49:57,920 --> 00:50:01,520
Speaker 4: have been bad, surely. And what I'm saying is I

952
00:50:01,600 --> 00:50:05,520
Speaker 4: don't think that Andrew Little was by anywhere close to

953
00:50:05,560 --> 00:50:08,120
Speaker 4: being the worst. And I think he will do a

954
00:50:08,200 --> 00:50:10,440
Speaker 4: much better job in Wellington than what they currently are

955
00:50:10,440 --> 00:50:13,040
Speaker 4: being served by in their mayor twenty four away from

956
00:50:13,080 --> 00:50:17,560
Speaker 4: Sex newstalks I've been now David Parker speaking of laboring peace.

957
00:50:17,640 --> 00:50:20,760
Speaker 4: David Parker, who's a stalward of the party after twenty

958
00:50:20,840 --> 00:50:24,080
Speaker 4: three years in parliament, is out. He's announced it today.

959
00:50:24,480 --> 00:50:27,040
Speaker 4: Got in two thousand and two, served as Attorney General

960
00:50:27,040 --> 00:50:30,520
Speaker 4: Associate Finance Deputy leader. In twenty fourteen, of course, ran

961
00:50:30,640 --> 00:50:34,719
Speaker 4: for the leadership. David park is with me now. Hi, David, Hi,

962
00:50:35,200 --> 00:50:38,040
Speaker 4: good to have you on what's the What's prompted the

963
00:50:38,080 --> 00:50:39,200
Speaker 4: decision why now.

964
00:50:40,760 --> 00:50:43,320
Speaker 22: Oh, look, you never finished in this job, but it

965
00:50:43,400 --> 00:50:45,919
Speaker 22: felt the right time. I've just sort of reset Labor

966
00:50:45,960 --> 00:50:49,240
Speaker 22: Party policy around foreign affairs. You have seen me parenting

967
00:50:49,280 --> 00:50:52,680
Speaker 22: on rabbiting on about that recently, and it's good to

968
00:50:52,719 --> 00:50:55,279
Speaker 22: go out on a positive note rather than stay till

969
00:50:55,440 --> 00:50:59,359
Speaker 22: you're not wanted Ashley. It was partly I've been over

970
00:50:59,440 --> 00:51:02,160
Speaker 22: season back with jet lag and to get up at

971
00:51:02,160 --> 00:51:04,279
Speaker 22: four thirty am to leave the house at five to

972
00:51:04,480 --> 00:51:06,719
Speaker 22: catch an early plane, and I thought, God, fifty years

973
00:51:06,760 --> 00:51:10,279
Speaker 22: ago I did a miok run getting up at five

974
00:51:10,320 --> 00:51:12,759
Speaker 22: am every morning at nineteen seventy five, and it felt

975
00:51:12,760 --> 00:51:14,800
Speaker 22: a bit aren't fair to be doing it fifty years later.

976
00:51:15,080 --> 00:51:16,040
Speaker 22: So lots of.

977
00:51:15,960 --> 00:51:19,759
Speaker 4: Reasons, nothing to do with the tax. You didn't get that,

978
00:51:19,840 --> 00:51:21,680
Speaker 4: I know, I know you wanted.

979
00:51:23,680 --> 00:51:25,640
Speaker 22: No, No, I know I wouldn't put it down to that,

980
00:51:25,800 --> 00:51:27,680
Speaker 22: especially one of the reasons I stayed to push those

981
00:51:27,719 --> 00:51:31,520
Speaker 22: things along. Interestingly, you know, I remember you covering that

982
00:51:31,600 --> 00:51:34,799
Speaker 22: on TV three when that report came out showing that,

983
00:51:35,200 --> 00:51:38,120
Speaker 22: you know, wealthy people in New Zealand pay between a

984
00:51:38,120 --> 00:51:39,840
Speaker 22: half and a third of the rate of tax of

985
00:51:40,000 --> 00:51:42,720
Speaker 22: people who earned their income through their labor and salary,

986
00:51:43,080 --> 00:51:46,880
Speaker 22: and you sent it off to Thomas Piketty and Paris

987
00:51:46,880 --> 00:51:49,520
Speaker 22: and he's that guy that wrote capitle in the twenty

988
00:51:49,520 --> 00:51:52,360
Speaker 22: first century and blow me down. He replied to you

989
00:51:52,400 --> 00:51:53,359
Speaker 22: and said, gat work.

990
00:51:54,360 --> 00:51:56,440
Speaker 4: We actually very nearly had because I know you were

991
00:51:56,440 --> 00:51:58,560
Speaker 4: a big fan of his. We actually very nearly had

992
00:51:58,640 --> 00:52:00,880
Speaker 4: him on the show, you know, to talk to you,

993
00:52:01,000 --> 00:52:03,279
Speaker 4: but it just didn't quite work out. He was a

994
00:52:03,280 --> 00:52:07,680
Speaker 4: busy man, unfortunately, David, do you we're looking back, what

995
00:52:07,840 --> 00:52:10,319
Speaker 4: is your you give us your highlight, your low light?

996
00:52:10,440 --> 00:52:12,160
Speaker 4: Who were you know? What was your best moment?

997
00:52:15,280 --> 00:52:17,520
Speaker 22: Well, look, I had threat threads to my policy. One

998
00:52:17,560 --> 00:52:21,840
Speaker 22: as a galitarian, prosperous economic economic outcomes. I was an

999
00:52:21,920 --> 00:52:26,640
Speaker 22: entrepreneurs before as an MP, and on that front, I

1000
00:52:26,680 --> 00:52:28,800
Speaker 22: think some of the work that I did to stimulate

1001
00:52:28,920 --> 00:52:32,000
Speaker 22: venture capital as good. Some of the work I did

1002
00:52:32,040 --> 00:52:35,240
Speaker 22: as a revenue miss also helped push the economy towards

1003
00:52:35,239 --> 00:52:39,680
Speaker 22: productive outcomes. On the environmental front, I did the administrating scheme,

1004
00:52:39,719 --> 00:52:43,120
Speaker 22: which is the pricing mechanism which encourages the economy to

1005
00:52:43,239 --> 00:52:47,279
Speaker 22: move to lower emissions. That that's been a successful and

1006
00:52:47,360 --> 00:52:50,839
Speaker 22: important and important thing. And I set the ninety percent

1007
00:52:50,920 --> 00:52:56,080
Speaker 22: renewable electricity target on the On the civil liberties front,

1008
00:52:56,360 --> 00:52:59,360
Speaker 22: I did both what's called the halfway House under the

1009
00:52:59,360 --> 00:53:01,840
Speaker 22: Bill of Rights to give Parliament a route to fixing

1010
00:53:01,960 --> 00:53:04,520
Speaker 22: mistakes that are noticed by the courts as to puck

1011
00:53:04,640 --> 00:53:06,400
Speaker 22: legislation breaching civil liberties.

1012
00:53:06,960 --> 00:53:11,439
Speaker 4: Also the same time, hey David, because we are running

1013
00:53:11,440 --> 00:53:12,960
Speaker 4: out of time and we don't have time for all

1014
00:53:12,960 --> 00:53:15,439
Speaker 4: of your achievements. Although I do acknowledge there have been many,

1015
00:53:16,040 --> 00:53:18,560
Speaker 4: was there was what was the hardest time in parliament?

1016
00:53:21,040 --> 00:53:24,200
Speaker 22: I actually, you know, you suffer some dirty politics. At times.

1017
00:53:24,760 --> 00:53:28,400
Speaker 22: There were clips taken of me that had me saying

1018
00:53:28,480 --> 00:53:31,680
Speaker 22: I hate farmers, which wasn't true. It's a misrepresentation of

1019
00:53:31,680 --> 00:53:34,720
Speaker 22: what I said. I was followed around by private investigators

1020
00:53:35,040 --> 00:53:37,840
Speaker 22: hired by the exclusive Brethren under the Hall and Clark government.

1021
00:53:37,920 --> 00:53:40,080
Speaker 22: So and my partner at the time had to put

1022
00:53:40,120 --> 00:53:43,040
Speaker 22: up with, you know, shared to put up with possums

1023
00:53:43,080 --> 00:53:45,319
Speaker 22: being chatter to dead possum's being chapped across the fence.

1024
00:53:45,320 --> 00:53:46,920
Speaker 22: So I think the things that affect you worse of

1025
00:53:46,960 --> 00:53:48,960
Speaker 22: the things that are taken out on your families, even

1026
00:53:49,000 --> 00:53:51,040
Speaker 22: though they shouldn't be well.

1027
00:53:51,200 --> 00:53:53,719
Speaker 4: Enjoy the sleeping David. It's been great to have you

1028
00:53:53,760 --> 00:53:55,200
Speaker 4: on the show. Appreciate your time.

1029
00:53:55,320 --> 00:53:56,520
Speaker 22: Thanks, thanks very much.

1030
00:53:56,560 --> 00:53:59,000
Speaker 4: See you David Parker, who's the outgoing labor and being

1031
00:53:59,040 --> 00:54:00,920
Speaker 4: in there since two thousand too. It is twenty two

1032
00:54:00,960 --> 00:54:01,279
Speaker 4: to six.

1033
00:54:02,320 --> 00:54:05,680
Speaker 1: The Huddle with New Zealand Southeby's International Realty the ones

1034
00:54:05,719 --> 00:54:08,720
Speaker 1: with worldwide connections that perform not a promise.

1035
00:54:09,080 --> 00:54:11,520
Speaker 4: Clar DELRD journalists with US and Nick leget infrastructure in

1036
00:54:11,640 --> 00:54:15,959
Speaker 4: z Good evening, Good evening, Hello, Hello. Can we first

1037
00:54:16,000 --> 00:54:18,520
Speaker 4: talk neck about the rumors that Andrew Little is running

1038
00:54:18,560 --> 00:54:21,800
Speaker 4: for a mayor of Wellington. We have texted him today

1039
00:54:21,800 --> 00:54:24,680
Speaker 4: but he hasn't got back to us just yet. But

1040
00:54:24,760 --> 00:54:27,440
Speaker 4: they are starting to firm up. There's been something reporting

1041
00:54:27,440 --> 00:54:30,680
Speaker 4: in the press which obviously makes it true. Nick, what

1042
00:54:30,719 --> 00:54:31,280
Speaker 4: are you hearing?

1043
00:54:33,000 --> 00:54:36,200
Speaker 23: I'm hearing the same things. And look, I think it's

1044
00:54:36,320 --> 00:54:41,600
Speaker 23: very interesting for Wellington because so far the declared candidates

1045
00:54:42,239 --> 00:54:45,279
Speaker 23: none of them look or sound like a mayor. We

1046
00:54:45,400 --> 00:54:48,359
Speaker 23: know Tory Farno, we don't have to imagine her as

1047
00:54:48,360 --> 00:54:52,160
Speaker 23: a mayor. She is the mayor. But Andrew Little feels

1048
00:54:52,239 --> 00:54:55,560
Speaker 23: like a growing up and you know, he's a serious

1049
00:54:55,560 --> 00:55:00,120
Speaker 23: sort of a person with pretty significant experience and so

1050
00:55:00,200 --> 00:55:03,719
Speaker 23: I think, you know, in terms of being that challenger

1051
00:55:05,560 --> 00:55:09,439
Speaker 23: with some credibility, you know, he would bring some heft

1052
00:55:09,520 --> 00:55:12,440
Speaker 23: to the table. And from what I understand, he's got

1053
00:55:12,440 --> 00:55:16,640
Speaker 23: pretty serious support from across the political spectrum, because what

1054
00:55:16,680 --> 00:55:18,520
Speaker 23: we've got to remember is that, you know, with local

1055
00:55:18,560 --> 00:55:23,160
Speaker 23: government it is about place over party, and I think

1056
00:55:23,200 --> 00:55:26,279
Speaker 23: someone who can talk about demonstrate they can work with

1057
00:55:26,320 --> 00:55:30,719
Speaker 23: all sides would have to be taken pretty seriously by

1058
00:55:30,760 --> 00:55:34,040
Speaker 23: the Wellington electorate. I think it's also really interesting because

1059
00:55:34,560 --> 00:55:36,719
Speaker 23: you know, my criticism for a long time has been

1060
00:55:36,760 --> 00:55:39,120
Speaker 23: that Labor's kind of let the Greens in the door

1061
00:55:40,200 --> 00:55:43,640
Speaker 23: in Wellington, and this would be a pretty serious signal

1062
00:55:43,680 --> 00:55:47,680
Speaker 23: that they are taking you know, they're taking Wellington seriously,

1063
00:55:47,719 --> 00:55:49,799
Speaker 23: that they're going to fight the Greens for votes. They

1064
00:55:49,840 --> 00:55:52,360
Speaker 23: lost those two electric seats, of course, wrong I'm Wellington

1065
00:55:52,400 --> 00:55:55,400
Speaker 23: Central at the last election, so this would see a

1066
00:55:55,440 --> 00:55:59,000
Speaker 23: bit of a you know, a bit of a bit

1067
00:55:59,040 --> 00:56:01,839
Speaker 23: of a fight back. And look, I think that would

1068
00:56:01,840 --> 00:56:06,759
Speaker 23: be really healthy for Wellington, but actually ultimately probably for

1069
00:56:06,880 --> 00:56:09,640
Speaker 23: Labor because it has conceded a lot of points to

1070
00:56:09,719 --> 00:56:11,320
Speaker 23: the Greens and I think.

1071
00:56:11,120 --> 00:56:13,719
Speaker 4: That's not just bad, not just the Greens, but I

1072
00:56:13,760 --> 00:56:18,000
Speaker 4: wonder whether there's a wider political strategy here, clear from

1073
00:56:18,040 --> 00:56:21,880
Speaker 4: the Labor Party, where they've acknowledged that the last Labor government,

1074
00:56:22,480 --> 00:56:27,680
Speaker 4: the pr is awful right, the left leaning Wellington Council

1075
00:56:27,760 --> 00:56:30,160
Speaker 4: and I know Toy is green, but that's a distinction

1076
00:56:30,280 --> 00:56:34,400
Speaker 4: you get in Wellington, you know, is useless. They can't

1077
00:56:34,640 --> 00:56:38,400
Speaker 4: run a bath. You know, is there a strategy here

1078
00:56:38,400 --> 00:56:41,080
Speaker 4: of actually we need to get some quite competent people

1079
00:56:41,160 --> 00:56:45,640
Speaker 4: into some quite important roles to actually rebuild that image.

1080
00:56:47,200 --> 00:56:51,520
Speaker 15: Look, whatever the strategy is, he is a good contender.

1081
00:56:51,560 --> 00:56:54,840
Speaker 15: I think you know, he's not without his flaws. He

1082
00:56:54,920 --> 00:56:58,120
Speaker 15: started the health reportance that are now sort of stumbling through,

1083
00:56:58,760 --> 00:57:02,640
Speaker 15: and that was against advice to actually centralize everything again,

1084
00:57:03,120 --> 00:57:05,839
Speaker 15: So I think you know he's he's a pretty good

1085
00:57:06,400 --> 00:57:09,600
Speaker 15: kind of contender. But name recognition is something. But I

1086
00:57:09,640 --> 00:57:12,200
Speaker 15: also would hope that if it's Labor, it's labor with

1087
00:57:12,239 --> 00:57:16,320
Speaker 15: a small owl and it doesn't become so party political.

1088
00:57:16,400 --> 00:57:19,000
Speaker 15: Sure Labor will benefit if he gets in, but hopefully

1089
00:57:19,000 --> 00:57:20,960
Speaker 15: he can work across the isle. As they say, I'm

1090
00:57:20,960 --> 00:57:23,200
Speaker 15: in that old fashion tradition of getting on with people.

1091
00:57:23,560 --> 00:57:26,200
Speaker 15: He does get on, as I understand it worth a

1092
00:57:26,240 --> 00:57:29,720
Speaker 15: wide range of people. He is a mature person and

1093
00:57:29,800 --> 00:57:30,800
Speaker 15: God knows they need it.

1094
00:57:30,840 --> 00:57:31,040
Speaker 6: You know.

1095
00:57:31,240 --> 00:57:33,440
Speaker 15: It's got to the point where somebody suggested to me

1096
00:57:33,880 --> 00:57:35,760
Speaker 15: last week that I might like to think about it.

1097
00:57:35,840 --> 00:57:36,400
Speaker 9: How about that?

1098
00:57:38,040 --> 00:57:39,600
Speaker 4: What did you say? What did you say?

1099
00:57:39,680 --> 00:57:43,720
Speaker 15: Kat I said gosh? I say, gosh. I've always fancied

1100
00:57:43,760 --> 00:57:44,760
Speaker 15: moving back to Wellington.

1101
00:57:44,760 --> 00:57:46,880
Speaker 6: But if it was like that, I am not sure.

1102
00:57:47,400 --> 00:57:48,720
Speaker 18: I am not your mass.

1103
00:57:48,960 --> 00:57:52,320
Speaker 4: No time to cut and run, right, it is a

1104
00:57:52,320 --> 00:57:54,520
Speaker 4: clear to Laura nick Leggett on the huddle, it's just

1105
00:57:54,600 --> 00:57:57,200
Speaker 4: gone sixteen minutes away from it. Six. We're back in

1106
00:57:57,280 --> 00:57:59,480
Speaker 4: just a moment. Lots to talk about, talk about the

1107
00:57:59,520 --> 00:58:02,840
Speaker 4: government and the trade wars. We've had Nikola, Willis and

1108
00:58:03,080 --> 00:58:06,320
Speaker 4: Luxon out today sort of a united front against not

1109
00:58:06,360 --> 00:58:09,480
Speaker 4: against Donald Trump, but showing strength. I suppose we'll talk

1110
00:58:09,480 --> 00:58:11,919
Speaker 4: about that next the huddle.

1111
00:58:11,720 --> 00:58:15,880
Speaker 1: With New Zealand southebyst International Realty achieve extraordinary results with

1112
00:58:16,040 --> 00:58:17,080
Speaker 1: unparallel reach.

1113
00:58:17,400 --> 00:58:19,720
Speaker 4: It is third anyway from six after six, Simon, what's

1114
00:58:19,760 --> 00:58:21,760
Speaker 4: on this green fun that they're getting rid of right now?

1115
00:58:21,800 --> 00:58:23,680
Speaker 4: Clear to Laura and Nick Leggett on the huddle. Guys,

1116
00:58:24,240 --> 00:58:27,840
Speaker 4: we've had Chris Luxon come out today on Instagram of

1117
00:58:27,880 --> 00:58:31,960
Speaker 4: all platforms and do a video saying don't worry, We're

1118
00:58:31,960 --> 00:58:33,920
Speaker 4: going to be okay in terms of the Tara stuff.

1119
00:58:33,960 --> 00:58:35,400
Speaker 4: And then we had Nichola Willis come out and do

1120
00:58:35,400 --> 00:58:39,520
Speaker 4: a press release It's sorry, a press conference saying essentially

1121
00:58:39,560 --> 00:58:42,240
Speaker 4: the same thing. Yes, there will be implications, but we

1122
00:58:42,280 --> 00:58:44,080
Speaker 4: will be able to deal with it. Nick, do you

1123
00:58:44,120 --> 00:58:47,040
Speaker 4: think they have this or at least appear to have

1124
00:58:47,160 --> 00:58:47,880
Speaker 4: this in check.

1125
00:58:49,600 --> 00:58:55,600
Speaker 23: Well, it's this is the most economically uncertain time. Well,

1126
00:58:55,680 --> 00:58:58,640
Speaker 23: I mean COVID obviously was pretty bad, but this in

1127
00:58:58,720 --> 00:59:02,440
Speaker 23: terms of structural changes to the way the world trades

1128
00:59:03,040 --> 00:59:08,920
Speaker 23: and the linkage between trade and security now and defense

1129
00:59:09,560 --> 00:59:12,840
Speaker 23: is massive. We don't have anything under control, but the

1130
00:59:12,880 --> 00:59:16,120
Speaker 23: signals the government send as they have sent today are

1131
00:59:16,200 --> 00:59:21,080
Speaker 23: very important. They're very important for our economy, for people

1132
00:59:21,240 --> 00:59:26,280
Speaker 23: feeling secure about their livelihoods, for people that manufacture, people

1133
00:59:26,320 --> 00:59:29,600
Speaker 23: that are export and important in New Zealand. I mean

1134
00:59:29,840 --> 00:59:34,040
Speaker 23: this is I think the uncertainty exists with our supply chains,

1135
00:59:34,320 --> 00:59:37,760
Speaker 23: where we buy from, where we have components that help

1136
00:59:37,920 --> 00:59:41,480
Speaker 23: our economy function, and how we build things. If you

1137
00:59:41,520 --> 00:59:47,560
Speaker 23: think about our close trading partners in the Asia Pacific,

1138
00:59:47,840 --> 00:59:49,480
Speaker 23: there are a lot of countries that are being hit

1139
00:59:49,560 --> 00:59:53,320
Speaker 23: with very high tariffs and that will have an impact

1140
00:59:53,600 --> 00:59:59,720
Speaker 23: in turn on what New Zealand pays too important, But

1141
00:59:59,760 --> 01:00:03,000
Speaker 23: we also have some buffers. And look I heard very

1142
01:00:03,000 --> 01:00:06,520
Speaker 23: clearly from Christopher Luxe and at the recent Infrastructure Investments

1143
01:00:06,560 --> 01:00:11,360
Speaker 23: summer where he said to his message to overseas territories

1144
01:00:11,400 --> 01:00:14,640
Speaker 23: and countries was New Zealand can be a safe harbor

1145
01:00:15,040 --> 01:00:17,919
Speaker 23: for investment in uncertain times. And I think it's really

1146
01:00:17,960 --> 01:00:21,320
Speaker 23: important that we keep that strategy. We keep not just

1147
01:00:21,400 --> 01:00:25,320
Speaker 23: repeating it, but the action of the nation and the

1148
01:00:25,920 --> 01:00:30,000
Speaker 23: economic players is that we attempt to live there because

1149
01:00:31,120 --> 01:00:32,960
Speaker 23: we've got to. We've got to have a sort of

1150
01:00:33,840 --> 01:00:38,200
Speaker 23: a pretty stable strategy that will take us through these times,

1151
01:00:38,200 --> 01:00:39,320
Speaker 23: however long they last.

1152
01:00:39,440 --> 01:00:41,800
Speaker 4: Yeah, do you think the strategy is the right one? Clear?

1153
01:00:41,920 --> 01:00:44,160
Speaker 4: And you know you've had Hipkins come out today and

1154
01:00:44,200 --> 01:00:46,520
Speaker 4: say you should be going a bit harder against Trump

1155
01:00:46,560 --> 01:00:48,760
Speaker 4: that kind of thing. Would that really make a difference.

1156
01:00:49,520 --> 01:00:51,480
Speaker 15: No, I don't think it does. And I think they

1157
01:00:51,520 --> 01:00:53,640
Speaker 15: are doing the right thing, just making the right noises.

1158
01:00:53,680 --> 01:00:57,840
Speaker 15: But the reality is that aside from some very smart

1159
01:00:57,880 --> 01:01:00,800
Speaker 15: exporters who may have shipped a lot of stuff across

1160
01:01:00,840 --> 01:01:05,960
Speaker 15: to the States in anticipation of tariffs. Who may, for example,

1161
01:01:06,120 --> 01:01:08,200
Speaker 15: if there were any wine producers who thought to do

1162
01:01:08,240 --> 01:01:11,360
Speaker 15: what some of the champagne houses in France did, which

1163
01:01:11,440 --> 01:01:13,240
Speaker 15: was to take a lot of their production over there

1164
01:01:13,320 --> 01:01:17,880
Speaker 15: before the tariffs were imposed. But we are basically the

1165
01:01:19,200 --> 01:01:22,600
Speaker 15: enthrall to and in the grip of one man who

1166
01:01:22,640 --> 01:01:26,720
Speaker 15: is unpredictable, stubborn, some would say unhinged, and who may

1167
01:01:26,880 --> 01:01:29,520
Speaker 15: change his mind, but may not because he seems to

1168
01:01:30,120 --> 01:01:32,960
Speaker 15: the theater of it all, seems to be driving a

1169
01:01:33,000 --> 01:01:35,960
Speaker 15: lot of it because there isn't a huge amount of logic,

1170
01:01:36,440 --> 01:01:38,360
Speaker 15: so you have to be extremely careful on how you

1171
01:01:38,400 --> 01:01:43,200
Speaker 15: handle the guy. I listen sometimes to Anthony Scaramucci, who

1172
01:01:43,280 --> 01:01:47,680
Speaker 15: lasted I think eleven days with Trummond in the first iteration,

1173
01:01:48,400 --> 01:01:53,480
Speaker 15: and he sounds genuinely sort of oh, I wouldn't say,

1174
01:01:53,480 --> 01:01:57,040
Speaker 15: scared of what's happening, but really apprehensive about where it

1175
01:01:57,040 --> 01:01:59,680
Speaker 15: will go if there is if there are not. He

1176
01:02:00,160 --> 01:02:07,080
Speaker 15: is eleven brave people, three senators, three Republican Cabinet members,

1177
01:02:07,160 --> 01:02:11,200
Speaker 15: and say five members of the House who turn and

1178
01:02:11,240 --> 01:02:14,640
Speaker 15: say no and coalesce with the with the Democrats who

1179
01:02:14,680 --> 01:02:17,600
Speaker 15: are in some disarray still, So I mean, if that's

1180
01:02:17,640 --> 01:02:20,240
Speaker 15: how he feels, he sort of does know the guy. Sure,

1181
01:02:20,240 --> 01:02:22,400
Speaker 15: you only lasted eleven days, but it's a lot longer

1182
01:02:22,440 --> 01:02:25,240
Speaker 15: than any of our politicians have ever been in the

1183
01:02:25,280 --> 01:02:27,760
Speaker 15: room with the guy. You've got an insight into him.

1184
01:02:28,160 --> 01:02:31,160
Speaker 15: And I think we are in really very unpredictable times.

1185
01:02:31,640 --> 01:02:35,800
Speaker 15: If people individually wonder what they can do, I just say,

1186
01:02:36,120 --> 01:02:38,400
Speaker 15: you know, keep in touch with your you know, sane,

1187
01:02:38,480 --> 01:02:42,200
Speaker 15: rational American friends, some of whom you know reached it

1188
01:02:42,200 --> 01:02:44,320
Speaker 15: out to me and said, we're really sort of we're

1189
01:02:44,360 --> 01:02:47,400
Speaker 15: embarrassed about what's going on. Seems a bit crazy to us.

1190
01:02:48,080 --> 01:02:50,720
Speaker 15: And also, if you want to you have your own

1191
01:02:50,720 --> 01:02:53,960
Speaker 15: little boycott. It won't make much difference. You know, you

1192
01:02:53,960 --> 01:02:56,000
Speaker 15: can look and see if something that you're about to

1193
01:02:56,000 --> 01:02:58,360
Speaker 15: buy was made in American boycotted. If it makes you

1194
01:02:58,400 --> 01:03:01,760
Speaker 15: better feel better. But it is going to be one

1195
01:03:01,800 --> 01:03:04,000
Speaker 15: of those things where you just have to watch the

1196
01:03:04,040 --> 01:03:08,040
Speaker 15: actions of this one man who at the moment is

1197
01:03:08,080 --> 01:03:09,760
Speaker 15: acting like the emperor of the world.

1198
01:03:10,120 --> 01:03:13,520
Speaker 4: Yeah, he really is. It's a little bit scary. It

1199
01:03:13,520 --> 01:03:15,840
Speaker 4: didn't end well with Scaramucie, did it. I think with

1200
01:03:15,960 --> 01:03:19,880
Speaker 4: Trump and Scaramuccie, I mean, some people say there's bad

1201
01:03:19,920 --> 01:03:23,920
Speaker 4: blood there, but yeah, I take your point. And actually

1202
01:03:24,120 --> 01:03:26,120
Speaker 4: we had Stephen Joyce on the program after five this

1203
01:03:26,200 --> 01:03:28,040
Speaker 4: evening he said the same thing. He said, basically, you've

1204
01:03:28,040 --> 01:03:29,960
Speaker 4: got to get some senators and you've got to get

1205
01:03:29,960 --> 01:03:33,520
Speaker 4: some couple of folks in the House change sides, and

1206
01:03:33,560 --> 01:03:36,480
Speaker 4: the whole thing could be over quite quickly. But well,

1207
01:03:36,480 --> 01:03:36,960
Speaker 4: it would be.

1208
01:03:37,000 --> 01:03:39,560
Speaker 15: Very interesting to know what John Key makes of all

1209
01:03:39,600 --> 01:03:42,080
Speaker 15: of this, because prior to the election he said he

1210
01:03:42,200 --> 01:03:44,720
Speaker 15: was you know, he was supporting Trump. He thought he

1211
01:03:44,760 --> 01:03:46,760
Speaker 15: would be a great guy to get in there. He's

1212
01:03:46,800 --> 01:03:48,880
Speaker 15: an admirer. What does John Key make of this?

1213
01:03:48,960 --> 01:03:49,240
Speaker 3: Now?

1214
01:03:50,480 --> 01:03:52,680
Speaker 4: We have tried to get him on the program several times.

1215
01:03:52,800 --> 01:03:56,960
Speaker 15: Clear, yeah, gone quiet on Trump? Yeah, I would tourfys him.

1216
01:03:58,280 --> 01:04:00,320
Speaker 4: All right, guys, thanks for that. Clear to little Nick

1217
01:04:00,360 --> 01:04:02,720
Speaker 4: Leggett on the huddle. It's just gone eight minutes away

1218
01:04:02,760 --> 01:04:03,240
Speaker 4: from six.

1219
01:04:04,280 --> 01:04:07,760
Speaker 1: It's the Heather Dupless Allen Drive Full Show podcast on

1220
01:04:07,960 --> 01:04:10,760
Speaker 1: Myart Radio powered by News Talk ZBI.

1221
01:04:12,160 --> 01:04:14,160
Speaker 4: China. It has just gone five minutes away from six

1222
01:04:14,280 --> 01:04:17,840
Speaker 4: year OWD News Talks ZB China has come out today

1223
01:04:17,960 --> 01:04:22,200
Speaker 4: and given quite a bit of help to the Shanghai composite.

1224
01:04:22,240 --> 01:04:26,480
Speaker 4: This is the benchmark stock index over in mainland China.

1225
01:04:26,640 --> 01:04:28,600
Speaker 4: I'll get to that after six o'clock. We're also going

1226
01:04:28,680 --> 01:04:30,720
Speaker 4: to speak to Jamie mackay. We're going to ask him

1227
01:04:30,760 --> 01:04:34,560
Speaker 4: about the potential impact on that dairy payout price that

1228
01:04:34,600 --> 01:04:37,240
Speaker 4: everybody is crossing their fingers and hoping to die for.

1229
01:04:38,000 --> 01:04:40,479
Speaker 4: Right now, though, did you read this story today? Boy,

1230
01:04:40,480 --> 01:04:42,680
Speaker 4: it's a doozy. So this is in christ the christ

1231
01:04:42,760 --> 01:04:46,040
Speaker 4: Church City Council. Twice a year Daylight Savings, they test

1232
01:04:46,120 --> 01:04:50,560
Speaker 4: their tsunami alert system, right and apparently, and this is

1233
01:04:50,600 --> 01:04:53,360
Speaker 4: for problem was this time they did it, forty five

1234
01:04:53,440 --> 01:04:56,800
Speaker 4: sirens didn't go off. And on Monday they said, oh

1235
01:04:56,800 --> 01:04:59,840
Speaker 4: it's a human error. And then today they provide actually

1236
01:04:59,840 --> 01:05:03,200
Speaker 4: the detail of what happened. They get they pay somebody

1237
01:05:03,760 --> 01:05:06,440
Speaker 4: to push a button to make the sirens work when

1238
01:05:06,440 --> 01:05:08,640
Speaker 4: there's going to be a tsunami in christ Us. This

1239
01:05:08,680 --> 01:05:11,520
Speaker 4: person lives in Auckland. First of all, that's I mean,

1240
01:05:11,560 --> 01:05:13,760
Speaker 4: I suppose you want someone in Auckland in case the

1241
01:05:13,800 --> 01:05:15,720
Speaker 4: whole thing gets wiped out both tsunami. You know, you

1242
01:05:15,760 --> 01:05:19,200
Speaker 4: want someone somewhere else. But it was only one person,

1243
01:05:19,280 --> 01:05:23,080
Speaker 4: and this one person it so happened on the very

1244
01:05:23,120 --> 01:05:24,720
Speaker 4: moment they were meant to push this button to make

1245
01:05:24,760 --> 01:05:27,560
Speaker 4: this thing happen. They were dealing with a car accident

1246
01:05:27,600 --> 01:05:30,240
Speaker 4: that happened to have happened right outside their home at

1247
01:05:30,240 --> 01:05:32,080
Speaker 4: the very moment that they were meant to push the button.

1248
01:05:32,080 --> 01:05:34,960
Speaker 4: So it didn't happen. So you had forty five sirens

1249
01:05:34,960 --> 01:05:37,560
Speaker 4: between Taylor's mistake and Brooklyn's that didn't go off at

1250
01:05:37,600 --> 01:05:42,240
Speaker 4: eleven am last Sunday morning. Now, so many questions, right,

1251
01:05:42,360 --> 01:05:46,040
Speaker 4: so many questions. Civil Defense didn't have an override button,

1252
01:05:46,120 --> 01:05:49,480
Speaker 4: So it was just this lonely person in Henderson who's

1253
01:05:49,520 --> 01:05:52,400
Speaker 4: meant to push the button. Council can't do anything about it?

1254
01:05:53,680 --> 01:05:56,360
Speaker 4: Why not? Why does civil Defense not have an over

1255
01:05:56,400 --> 01:06:00,080
Speaker 4: ride button? Why did you not figure this out? How

1256
01:06:00,120 --> 01:06:02,480
Speaker 4: did you not figure this out? Since twenty twelve, they've

1257
01:06:02,520 --> 01:06:04,800
Speaker 4: had the same guy doing it, apparently pushing the button.

1258
01:06:05,120 --> 01:06:08,560
Speaker 4: But more importantly, what are the chances of having a

1259
01:06:08,600 --> 01:06:11,360
Speaker 4: car accident right outside your house at the very moment

1260
01:06:11,400 --> 01:06:15,160
Speaker 4: you meant to push a tsunami alert button? That has

1261
01:06:15,200 --> 01:06:18,680
Speaker 4: got to be against the yachts. I would have thought anyway,

1262
01:06:18,760 --> 01:06:22,640
Speaker 4: We'll have more on business, Trump and reaction up to six.

1263
01:06:24,760 --> 01:06:25,400
Speaker 2: The World.

1264
01:06:34,440 --> 01:06:39,840
Speaker 1: Where business meets Insight, The Business Hour with Ryan Bridge

1265
01:06:40,000 --> 01:06:44,640
Speaker 1: and Mayor's Insurance and Investments, Grow Your Wealth, Protect Your Future.

1266
01:06:44,920 --> 01:06:47,439
Speaker 4: News Talk said, be Good Evening at a seven after six.

1267
01:06:47,520 --> 01:06:49,960
Speaker 4: News Talk said b coming up Jamie McKay on the

1268
01:06:50,040 --> 01:06:53,160
Speaker 4: dairy fallout from Donald Trump's tariffs, and we're head to

1269
01:06:53,200 --> 01:06:56,760
Speaker 4: Australia for the first leader's debate. Elbow and Darting go

1270
01:06:56,840 --> 01:06:59,320
Speaker 4: face to face on Sky News tonight. Plus we're with

1271
01:06:59,480 --> 01:07:03,280
Speaker 4: Indebrady in the UK by seven o'clock. Right now, China's

1272
01:07:03,320 --> 01:07:07,040
Speaker 4: Commerce ministry is saying it'll fight till the end over

1273
01:07:07,080 --> 01:07:10,400
Speaker 4: the Trump's tariffs. The Chinese government spokesperson so, Trump obviously

1274
01:07:10,480 --> 01:07:12,800
Speaker 4: hit them with thirty four percent, They replied with thirty

1275
01:07:12,840 --> 01:07:17,560
Speaker 4: four percent, and then Trump has they replied thirty four percent.

1276
01:07:17,600 --> 01:07:21,880
Speaker 4: Trump now threatens fifty percent on top of that if

1277
01:07:21,920 --> 01:07:26,080
Speaker 4: they continue with their retaliation. Chinese government spokesperson has said

1278
01:07:26,120 --> 01:07:29,000
Speaker 4: the US threat to escalate tariffs against China is a

1279
01:07:29,040 --> 01:07:32,000
Speaker 4: mistake on top of a mistake, China will never accept this.

1280
01:07:32,320 --> 01:07:35,360
Speaker 4: Brad Olsen is in for Metrics Principal Economists with US Now. Hi, Brad,

1281
01:07:35,400 --> 01:07:37,320
Speaker 4: good evening. Not great language, is it?

1282
01:07:37,520 --> 01:07:40,000
Speaker 5: It's pretty strong fighting talk from both sides. I mean,

1283
01:07:40,040 --> 01:07:42,040
Speaker 5: you're right that you're thirty four percent to start with,

1284
01:07:42,080 --> 01:07:44,600
Speaker 5: but let's be clear, there was already i think twenty

1285
01:07:44,640 --> 01:07:48,520
Speaker 5: percent additional tariffs on China earlier in twenty twenty five.

1286
01:07:48,560 --> 01:07:50,280
Speaker 5: You take on top of that the tariffs that were

1287
01:07:50,360 --> 01:07:53,760
Speaker 5: levied both by the original Trump administration back you know,

1288
01:07:53,840 --> 01:07:56,959
Speaker 5: five six years ago, and also some of those under

1289
01:07:56,960 --> 01:08:00,000
Speaker 5: Biden that haven't been walked back. You're talking in effective

1290
01:08:00,080 --> 01:08:02,200
Speaker 5: tariff rate. If this COEs ahead, if there is this

1291
01:08:02,400 --> 01:08:04,800
Speaker 5: escalation of over one hundred percent, you know, that means

1292
01:08:04,800 --> 01:08:07,240
Speaker 5: that every Chinese product going into the US would be

1293
01:08:07,320 --> 01:08:09,520
Speaker 5: costing more than double what it needs to. I mean,

1294
01:08:09,520 --> 01:08:11,720
Speaker 5: this really is starting to look like a full blown

1295
01:08:11,760 --> 01:08:12,440
Speaker 5: trade war.

1296
01:08:12,840 --> 01:08:15,240
Speaker 4: Which we haven't seen before, right because we have seen

1297
01:08:15,280 --> 01:08:18,920
Speaker 4: trade wars before, but we haven't seen any with numbers

1298
01:08:19,000 --> 01:08:19,840
Speaker 4: this big.

1299
01:08:19,960 --> 01:08:21,760
Speaker 5: Not this big, and not this wide scale. I mean,

1300
01:08:21,760 --> 01:08:24,000
Speaker 5: this is not sort of a few little products for

1301
01:08:24,040 --> 01:08:26,840
Speaker 5: tat and similar This is like everything at the wholesale

1302
01:08:26,960 --> 01:08:29,599
Speaker 5: level you're hearing from the Chinese. They're looking at targeting

1303
01:08:29,640 --> 01:08:33,160
Speaker 5: agricultural exports from the US. That's a big earner for

1304
01:08:33,439 --> 01:08:36,160
Speaker 5: the United States. So this is much much wider. And

1305
01:08:36,240 --> 01:08:37,800
Speaker 5: of course it's not just a one to one. It's

1306
01:08:37,800 --> 01:08:40,599
Speaker 5: not just China and the US. It's also the EU

1307
01:08:40,720 --> 01:08:43,720
Speaker 5: are looking to retaliate. Canada has already done, so you've

1308
01:08:43,720 --> 01:08:45,800
Speaker 5: got to talk from the Mexicans as well about wanting

1309
01:08:45,840 --> 01:08:48,320
Speaker 5: to go in. Like the wider, broader effect of this

1310
01:08:48,600 --> 01:08:51,880
Speaker 5: is worrying. You heard from the Finance mins today saying

1311
01:08:51,920 --> 01:08:55,599
Speaker 5: that Treasury's expectations are that global growth expectations have now

1312
01:08:55,640 --> 01:08:58,240
Speaker 5: been slashed by half a percentage point from where they

1313
01:08:58,280 --> 01:09:01,040
Speaker 5: originally thought things were. That makes it so much harder

1314
01:09:01,080 --> 01:09:03,160
Speaker 5: if you're a key exporter and you're seeing all of

1315
01:09:03,160 --> 01:09:05,880
Speaker 5: these countries around the world fighting, putting tariffs on back

1316
01:09:05,920 --> 01:09:07,719
Speaker 5: and forth. There is just going to be less trade,

1317
01:09:07,800 --> 01:09:09,800
Speaker 5: less money to buy the stuff that we're sending out.

1318
01:09:09,960 --> 01:09:14,240
Speaker 4: That's scary. When the Finance minister says half a percent

1319
01:09:14,320 --> 01:09:19,080
Speaker 4: of global growth, what does that mean for our growth number?

1320
01:09:19,439 --> 01:09:21,880
Speaker 5: It's not clear yet. We haven't heard the Treasury estimates.

1321
01:09:21,880 --> 01:09:23,519
Speaker 5: I mean, and to be fair, you know, even the

1322
01:09:23,560 --> 01:09:26,040
Speaker 5: private sector forecast is like us, we're still trying to

1323
01:09:26,160 --> 01:09:28,040
Speaker 5: run the numbers and I don't think anyone's got a

1324
01:09:28,040 --> 01:09:30,320
Speaker 5: lot of certainty or confidence now. I mean you see

1325
01:09:30,320 --> 01:09:33,120
Speaker 5: that also in the financial markets because everyone's still seeing

1326
01:09:33,120 --> 01:09:36,559
Speaker 5: those cutbacks. But realistically, you know that slowdown that's coming through,

1327
01:09:36,600 --> 01:09:38,840
Speaker 5: you could be talking a percentage point of GDP. That's

1328
01:09:38,840 --> 01:09:41,000
Speaker 5: sort of just a very high level number, but in

1329
01:09:41,080 --> 01:09:44,040
Speaker 5: terms of scarlet magnitude, it's big enough to care about,

1330
01:09:44,040 --> 01:09:46,880
Speaker 5: and I think that's why there's so much interest in

1331
01:09:46,880 --> 01:09:48,639
Speaker 5: this right You know, people are talking about their key

1332
01:09:48,680 --> 01:09:51,519
Speaker 5: we saver balances right here right now because the markets

1333
01:09:51,520 --> 01:09:53,880
Speaker 5: are down. But longer term, over the next six months

1334
01:09:53,920 --> 01:09:55,360
Speaker 5: to a year, we are going to be talking a

1335
01:09:55,360 --> 01:09:58,040
Speaker 5: lot more about, Hey, where are New Zealand's exports going?

1336
01:09:58,080 --> 01:09:59,880
Speaker 5: Are we able to send quite as much out what's

1337
01:10:00,040 --> 01:10:02,040
Speaker 5: coming through because we're all just sort of caught in

1338
01:10:02,040 --> 01:10:04,519
Speaker 5: the middle of this mailstrom because we don't know what's next.

1339
01:10:04,720 --> 01:10:06,920
Speaker 4: Somebody described it to me as like if you have

1340
01:10:07,439 --> 01:10:10,320
Speaker 4: a motive like spaghetti junction, a motiv of lots of

1341
01:10:10,400 --> 01:10:14,040
Speaker 4: roads on it, and you're basically having trying to figure

1342
01:10:14,080 --> 01:10:16,559
Speaker 4: out a new route and then work out what the

1343
01:10:16,600 --> 01:10:19,400
Speaker 4: speed will be. You know, it's a really hard thing

1344
01:10:19,520 --> 01:10:22,160
Speaker 4: to domine. Of course, we have GPS these days, that's

1345
01:10:22,280 --> 01:10:25,320
Speaker 4: quite easy now, but you know, before we had that.

1346
01:10:25,320 --> 01:10:28,320
Speaker 4: That's similar kind of thing. You're trying to get down and.

1347
01:10:28,280 --> 01:10:30,680
Speaker 5: Squared definitely, And at the same time, right, it's all

1348
01:10:30,680 --> 01:10:32,160
Speaker 5: the rest of us who are watching. You know, we've

1349
01:10:32,160 --> 01:10:34,040
Speaker 5: seen a crash happen, and now we're trying to figure

1350
01:10:34,040 --> 01:10:36,200
Speaker 5: out who goes first to make sure they can find

1351
01:10:36,200 --> 01:10:38,080
Speaker 5: the new route. We all don't want to sort of

1352
01:10:38,120 --> 01:10:40,920
Speaker 5: immediately pil on ourselves because they'll just come up the

1353
01:10:41,000 --> 01:10:43,360
Speaker 5: new escape route. But we are all watching. Now what's

1354
01:10:43,400 --> 01:10:45,160
Speaker 5: everyone else doing? What way are they starting to hear?

1355
01:10:45,200 --> 01:10:47,320
Speaker 5: Are they taking road A, road B or road C?

1356
01:10:47,760 --> 01:10:49,599
Speaker 5: And I think that's why it's interesting. Right, you've seen

1357
01:10:49,640 --> 01:10:52,280
Speaker 5: a number of countries that have retaliated quite hard. You know,

1358
01:10:52,360 --> 01:10:54,680
Speaker 5: that's escalating the trade war. You've seen a bunch of

1359
01:10:54,720 --> 01:10:57,519
Speaker 5: other countries, particularly through parts of Asia, the likes of

1360
01:10:57,600 --> 01:11:00,639
Speaker 5: Japan Vietnam have said, hey, can we go We're quite

1361
01:11:00,680 --> 01:11:02,439
Speaker 5: keen to sort of see if we can lower this down.

1362
01:11:02,640 --> 01:11:04,920
Speaker 5: Then you've got that sort of middle group like New Zealand,

1363
01:11:04,920 --> 01:11:06,840
Speaker 5: we've gone, Look, it's not in our best interrist to

1364
01:11:06,880 --> 01:11:08,680
Speaker 5: try and sort of put ourselves on the radar at

1365
01:11:08,720 --> 01:11:10,880
Speaker 5: the moment we're not being targeted. Let's just sort of

1366
01:11:10,920 --> 01:11:13,559
Speaker 5: sit back, not watch peacefully, but just watch and wait

1367
01:11:13,640 --> 01:11:15,840
Speaker 5: and learn, because there's still a lot of water to

1368
01:11:15,840 --> 01:11:17,840
Speaker 5: go into this bridge. We have five days into this

1369
01:11:17,880 --> 01:11:19,160
Speaker 5: and already it's been chaos.

1370
01:11:19,200 --> 01:11:21,320
Speaker 4: We've got an o CR announcement tomorrow. If you're the

1371
01:11:21,360 --> 01:11:23,000
Speaker 4: Reserve Bank, what do you do? Do you kind of

1372
01:11:23,040 --> 01:11:26,640
Speaker 4: because on the one hand, you potentially got inflation increasing,

1373
01:11:26,680 --> 01:11:29,040
Speaker 4: on the other hand, you might have growth falling. It's

1374
01:11:29,120 --> 01:11:30,720
Speaker 4: like you don't know which way is up and which

1375
01:11:30,760 --> 01:11:33,200
Speaker 4: ways down? What do you do? Just just go with

1376
01:11:33,280 --> 01:11:35,800
Speaker 4: what you indicated you might deliver.

1377
01:11:35,760 --> 01:11:37,600
Speaker 5: Broadly, I think at the moment, I think that's the

1378
01:11:37,640 --> 01:11:40,559
Speaker 5: best call. I think anything otherwise would imply the Reserve

1379
01:11:40,600 --> 01:11:43,040
Speaker 5: Bank almost knows too much, and it doesn't. At this point.

1380
01:11:43,040 --> 01:11:44,840
Speaker 5: It's only had the same amount of time that everyone

1381
01:11:44,880 --> 01:11:47,120
Speaker 5: else has. If the Treasury hasn't been able to come

1382
01:11:47,120 --> 01:11:48,800
Speaker 5: out with a fulsome this is what it means to

1383
01:11:48,840 --> 01:11:51,760
Speaker 5: the economy nor I don't think the Reserve Bank will

1384
01:11:51,760 --> 01:11:55,280
Speaker 5: have either. Also, importantly, that statement tomorrow that the Reserve

1385
01:11:55,320 --> 01:11:57,759
Speaker 5: Banks issuing that's it. There's only a couple of pages

1386
01:11:57,800 --> 01:11:59,760
Speaker 5: of text. There's no big forecast. They've only had a

1387
01:11:59,760 --> 01:12:02,080
Speaker 5: little bit of time I think asking them to come

1388
01:12:02,080 --> 01:12:03,800
Speaker 5: out with too firm of a view at the moment

1389
01:12:04,240 --> 01:12:06,880
Speaker 5: risks sort of leading us down one particular path because

1390
01:12:06,880 --> 01:12:08,880
Speaker 5: we're not sure how to toss up between the likes

1391
01:12:08,880 --> 01:12:11,760
Speaker 5: of that lower growth and the potential higher inflation. I

1392
01:12:11,800 --> 01:12:14,320
Speaker 5: think more appropriate would be the Reserve banks signaling tomorrow

1393
01:12:14,360 --> 01:12:15,040
Speaker 5: and say, look.

1394
01:12:14,920 --> 01:12:16,200
Speaker 4: Yep, clearly a risk.

1395
01:12:16,200 --> 01:12:17,679
Speaker 5: We're doing a lot of work on it. We're trying

1396
01:12:17,680 --> 01:12:18,960
Speaker 5: to figure out where this lands.

1397
01:12:19,240 --> 01:12:19,800
Speaker 3: For the moment.

1398
01:12:19,840 --> 01:12:22,360
Speaker 5: The New Zealand economy still in an all right place

1399
01:12:22,479 --> 01:12:24,799
Speaker 5: in terms of where their forecasts are going, but requires

1400
01:12:24,800 --> 01:12:26,760
Speaker 5: that official cash rate to come down a bit more.

1401
01:12:26,960 --> 01:12:28,760
Speaker 5: But then they've got May when they can come out

1402
01:12:28,840 --> 01:12:31,000
Speaker 5: put some full on four casts out say this is

1403
01:12:31,040 --> 01:12:33,840
Speaker 5: what our expectation is. And of course, look, if things

1404
01:12:33,880 --> 01:12:37,400
Speaker 5: did deteriorate, they can always have an impromptu meeting. They

1405
01:12:37,600 --> 01:12:39,320
Speaker 5: don't need to in my view, but they've always got

1406
01:12:39,320 --> 01:12:41,599
Speaker 5: that option up their sleeve. They've now got a governor

1407
01:12:41,640 --> 01:12:43,799
Speaker 5: in place for the next six months in Christian hawksby

1408
01:12:44,560 --> 01:12:47,000
Speaker 5: very qualified individual. I think we're in safe hands for

1409
01:12:47,000 --> 01:12:49,599
Speaker 5: the moment amidst all of the turmoil that's happening globally.

1410
01:12:49,720 --> 01:12:52,240
Speaker 4: Yeah, Well, because she just announced today Nickolbillis did that

1411
01:12:52,280 --> 01:12:54,879
Speaker 4: he'll get that six month job. He had the immediate

1412
01:12:54,960 --> 01:12:57,280
Speaker 4: job after Adrian all left the building and for the

1413
01:12:57,320 --> 01:12:59,519
Speaker 4: cloud of dust, and then he's got the six month

1414
01:12:59,600 --> 01:13:01,920
Speaker 4: job and then they'll find the new But crucially he

1415
01:13:02,120 --> 01:13:04,840
Speaker 4: is going to oversee the funding envelope for the next

1416
01:13:04,920 --> 01:13:07,280
Speaker 4: five years to the Reserve banks. So it's quite a

1417
01:13:07,320 --> 01:13:09,760
Speaker 4: good deal for Nikola Willis, isn't it. She gets the

1418
01:13:09,800 --> 01:13:13,400
Speaker 4: temporary one in the sign they signed the funding agreement

1419
01:13:13,400 --> 01:13:15,840
Speaker 4: which was obviously poort in contention with Adrian or and

1420
01:13:15,880 --> 01:13:17,760
Speaker 4: then the new one comes in and has to live

1421
01:13:17,800 --> 01:13:18,200
Speaker 4: by it a.

1422
01:13:18,240 --> 01:13:21,360
Speaker 5: Presumably basically, but I think as well that's realistic. The

1423
01:13:21,400 --> 01:13:24,120
Speaker 5: government's been pretty clear that everyone needs to live within

1424
01:13:24,200 --> 01:13:25,840
Speaker 5: their means a bit more. The Reserve Bank has been

1425
01:13:25,880 --> 01:13:28,799
Speaker 5: spending a lot of money. Some of that completely justified,

1426
01:13:28,840 --> 01:13:30,479
Speaker 5: some of it. I do think you've got a question

1427
01:13:30,560 --> 01:13:32,519
Speaker 5: should they be able to spend quite as much as

1428
01:13:32,520 --> 01:13:34,760
Speaker 5: they have been when everyone else has got to trim

1429
01:13:34,800 --> 01:13:36,759
Speaker 5: their cloth a little bit more. I think it's appropriate

1430
01:13:36,760 --> 01:13:38,439
Speaker 5: that they find a bit more of a middle ground.

1431
01:13:38,560 --> 01:13:40,760
Speaker 5: And I'm more than confident that between the likes of

1432
01:13:40,800 --> 01:13:44,000
Speaker 5: the Reserve Bank Board, the finance Minister, the governor. Everything

1433
01:13:44,000 --> 01:13:45,720
Speaker 5: will work out all right, but I do think there's

1434
01:13:45,760 --> 01:13:47,600
Speaker 5: got to be, like we're seeing in a number of

1435
01:13:47,640 --> 01:13:50,320
Speaker 5: parts of the economy, a recalibration what we were doing

1436
01:13:50,320 --> 01:13:52,360
Speaker 5: a couple of years ago does not cut it these days.

1437
01:13:52,400 --> 01:13:54,800
Speaker 5: The world has changed, the economy has changed, and we've

1438
01:13:54,800 --> 01:13:55,600
Speaker 5: got to adapt to it.

1439
01:13:55,960 --> 01:13:58,160
Speaker 4: Brad Alstoen, great to have you on the show, Infametric's

1440
01:13:58,160 --> 01:14:00,880
Speaker 4: principal economist. It is fourteen minutes. The six will get

1441
01:14:00,920 --> 01:14:04,280
Speaker 4: to rural next. We're going to talk to Jamie McKay

1442
01:14:04,400 --> 01:14:07,519
Speaker 4: about those dairy payouts and how certain they are or

1443
01:14:07,520 --> 01:14:10,120
Speaker 4: how they might be affected by what's going on overseas.

1444
01:14:11,000 --> 01:14:15,480
Speaker 1: It's the head dupas Allen Drive Full Show podcast on iHeartRadio,

1445
01:14:15,600 --> 01:14:20,640
Speaker 1: empowered by Newstalks EBB. Whether it's Macro microbe or just

1446
01:14:20,680 --> 01:14:24,559
Speaker 1: playing economics, it's all on the Business Hour with Ryan

1447
01:14:24,600 --> 01:14:29,280
Speaker 1: Bridge and Plair's Insurance and Investments, Grow Your Wealth, Protect

1448
01:14:29,280 --> 01:14:30,800
Speaker 1: Your Future NEWSTALKSB.

1449
01:14:31,800 --> 01:14:33,880
Speaker 4: It is six seventeen. We're off to Australia after the

1450
01:14:33,920 --> 01:14:38,680
Speaker 4: News for the latest on the debate leaders debate. The

1451
01:14:38,680 --> 01:14:43,080
Speaker 4: first one between Albanezie and Dutton is happening tonight on

1452
01:14:43,120 --> 01:14:44,840
Speaker 4: Sky News. If you've got I think you need to

1453
01:14:44,880 --> 01:14:47,360
Speaker 4: have the you know, if you've got Sky you can

1454
01:14:47,400 --> 01:14:49,519
Speaker 4: watch Sky News. I think you will be able to

1455
01:14:49,600 --> 01:14:51,880
Speaker 4: view it. And I think I'm saying this like people

1456
01:14:51,920 --> 01:14:55,400
Speaker 4: are going to care if I'm going to watch it.

1457
01:14:55,560 --> 01:14:57,000
Speaker 4: Or if you've got Sky you can go on the

1458
01:14:57,000 --> 01:14:59,040
Speaker 4: Sky website. I think you can do a little sign

1459
01:14:59,080 --> 01:15:01,400
Speaker 4: and thing aside back door thing and get into it

1460
01:15:01,400 --> 01:15:03,280
Speaker 4: that way and watch it on there. Anyway, it starts

1461
01:15:03,280 --> 01:15:05,040
Speaker 4: at nine to thirty our time, and there'll be people

1462
01:15:05,040 --> 01:15:07,960
Speaker 4: from the audience asking all the questions. Just gone seventeen

1463
01:15:08,000 --> 01:15:11,000
Speaker 4: minutes after six. Now the government is winding down Green

1464
01:15:11,080 --> 01:15:15,599
Speaker 4: Investment Finance, saying it invested almost four hundred million dollars

1465
01:15:15,960 --> 01:15:19,240
Speaker 4: but only had very limited results. Green Investment Finance gave

1466
01:15:19,240 --> 01:15:21,519
Speaker 4: one hundred and forty five million dollar loan to Solar Zero.

1467
01:15:21,600 --> 01:15:24,560
Speaker 4: Remember that that was put into liquidation last year. The

1468
01:15:24,600 --> 01:15:27,400
Speaker 4: Climate Change Minister Simon Watts is with me now to

1469
01:15:27,479 --> 01:15:28,200
Speaker 4: talk about it.

1470
01:15:28,320 --> 01:15:31,559
Speaker 11: Good evening, minister, Yeah evening, Ryan, thanks for having me.

1471
01:15:31,640 --> 01:15:32,000
Speaker 3: Yeah. Good.

1472
01:15:32,120 --> 01:15:35,639
Speaker 4: So the four hundred million dollars, what was what return

1473
01:15:35,760 --> 01:15:37,240
Speaker 4: did we get for that? What did we get?

1474
01:15:38,320 --> 01:15:38,519
Speaker 25: Well?

1475
01:15:38,520 --> 01:15:41,160
Speaker 11: Look at it spread across of the four hundred only

1476
01:15:41,200 --> 01:15:46,080
Speaker 11: two hundred million of that was invested across twenty different organizations,

1477
01:15:46,080 --> 01:15:48,320
Speaker 11: one of which you were right to point out was

1478
01:15:49,040 --> 01:15:52,640
Speaker 11: Soldar zero. The major portion was about there was one

1479
01:15:52,720 --> 01:15:56,600
Speaker 11: hundred million totality. But look, you know there's quite a

1480
01:15:56,720 --> 01:16:00,800
Speaker 11: mixture of returns across the board, but you know, not

1481
01:16:01,000 --> 01:16:04,000
Speaker 11: large returns. You know, twenty twenty three about one point

1482
01:16:04,040 --> 01:16:07,519
Speaker 11: eight percent return on equity. Twenty twenty two and twenty

1483
01:16:07,560 --> 01:16:11,719
Speaker 11: twenty one were negative returns. In twenty twenty four forecast

1484
01:16:11,920 --> 01:16:14,839
Speaker 11: was just under five percent, So look, you know, not

1485
01:16:14,840 --> 01:16:17,919
Speaker 11: not at all significant returns in terms of taxpayer investment.

1486
01:16:18,680 --> 01:16:21,960
Speaker 4: Did you say twenty twenty four was five percent forecast.

1487
01:16:21,600 --> 01:16:24,080
Speaker 11: Five four point nine?

1488
01:16:24,240 --> 01:16:24,800
Speaker 22: Correct?

1489
01:16:25,040 --> 01:16:27,240
Speaker 4: Right? And did and that obviously did that happen.

1490
01:16:28,960 --> 01:16:33,800
Speaker 11: It is still finishing through, but it's it's that's an estimate.

1491
01:16:33,560 --> 01:16:36,760
Speaker 4: Position, right, right, So we don't actually know yet what

1492
01:16:36,800 --> 01:16:38,880
Speaker 4: the result was. Is it premiature to cut it?

1493
01:16:40,439 --> 01:16:42,440
Speaker 22: No, I don't think it's premature to cut it.

1494
01:16:42,479 --> 01:16:46,360
Speaker 11: We've been pretty clear that the government has decided that,

1495
01:16:46,479 --> 01:16:48,920
Speaker 11: you know, this type of stuff isn't core government business.

1496
01:16:49,800 --> 01:16:53,320
Speaker 11: We need to be selected around how we invest taxpayer money.

1497
01:16:53,560 --> 01:16:56,519
Speaker 11: We've seen the impacts of the Solar zero decision, which

1498
01:16:56,800 --> 01:17:01,160
Speaker 11: went positive for the taxpayer, and decisions made that this

1499
01:17:01,720 --> 01:17:04,800
Speaker 11: is no longer a core business. I think it also

1500
01:17:04,840 --> 01:17:08,599
Speaker 11: reflects that actually the market, the private market, has evolved

1501
01:17:08,760 --> 01:17:11,680
Speaker 11: and many of these funding and financing services are now

1502
01:17:11,720 --> 01:17:15,519
Speaker 11: provided by banks and other players in the market. And

1503
01:17:15,560 --> 01:17:17,160
Speaker 11: you know, I don't think that there is a need

1504
01:17:17,760 --> 01:17:20,200
Speaker 11: for government to be involved in this market going.

1505
01:17:20,000 --> 01:17:22,400
Speaker 4: Forward how much because obviously so how much has actually

1506
01:17:22,439 --> 01:17:24,759
Speaker 4: been paid out. Two hundred million dollars has been paid out,

1507
01:17:25,080 --> 01:17:27,400
Speaker 4: so we won't it's correct what happens with that money?

1508
01:17:27,920 --> 01:17:31,520
Speaker 4: Just they just continue those contracts, continue, those investments contend.

1509
01:17:31,880 --> 01:17:34,519
Speaker 11: Well, Basically, the organization is going to stop any new

1510
01:17:34,600 --> 01:17:38,960
Speaker 11: investments and it's going to manage down that portfolio. Obviously,

1511
01:17:38,960 --> 01:17:41,519
Speaker 11: the big chunk is sold are zero and that's for

1512
01:17:41,840 --> 01:17:44,360
Speaker 11: that's an liquidation proceedings, so I sort of can't get

1513
01:17:44,360 --> 01:17:47,200
Speaker 11: into too much detail. But the other investments, the other

1514
01:17:47,320 --> 01:17:50,800
Speaker 11: nineteen will in effect be loans that they'll manage through

1515
01:17:50,880 --> 01:17:53,840
Speaker 11: to maturity or any of the equity stakes that they have,

1516
01:17:54,000 --> 01:17:56,880
Speaker 11: and they'll be looking for buyers for those in a

1517
01:17:56,960 --> 01:17:57,799
Speaker 11: managed process.

1518
01:17:57,920 --> 01:18:00,759
Speaker 4: Right, So does that mean that there's two million dollars

1519
01:18:00,800 --> 01:18:03,000
Speaker 4: that otherwise would have been linked that's not been lent.

1520
01:18:03,040 --> 01:18:04,960
Speaker 4: I mean, that's the upside to the Crown accounts is

1521
01:18:05,000 --> 01:18:06,080
Speaker 4: two hundred million dollars.

1522
01:18:07,000 --> 01:18:10,320
Speaker 11: Yeah, that's right. Ryana was sitting on term deposit.

1523
01:18:11,760 --> 01:18:14,160
Speaker 4: Interesting, is there anything else that Nicola is taking a

1524
01:18:14,200 --> 01:18:17,559
Speaker 4: sledgehammer too that you've got purview over.

1525
01:18:18,760 --> 01:18:21,719
Speaker 11: Look, I've only got purview as I'm a shielding minister

1526
01:18:21,800 --> 01:18:25,160
Speaker 11: for this entity. But you know, at the end of

1527
01:18:25,160 --> 01:18:28,360
Speaker 11: the day, we've had to we are making calls across

1528
01:18:28,400 --> 01:18:31,320
Speaker 11: the board around what government's investing in and what we're not.

1529
01:18:31,960 --> 01:18:35,160
Speaker 11: And the reality is this is not an area which

1530
01:18:35,160 --> 01:18:37,479
Speaker 11: we see as core government government business. And as a

1531
01:18:37,479 --> 01:18:39,040
Speaker 11: result of that, you know, we've made a decision and

1532
01:18:39,040 --> 01:18:42,320
Speaker 11: we'll manage it down. That investment and that money that

1533
01:18:42,400 --> 01:18:44,920
Speaker 11: is available go back into the center and will be

1534
01:18:45,000 --> 01:18:49,519
Speaker 11: available for us to invest in other priorities for the government.

1535
01:18:49,600 --> 01:18:52,280
Speaker 11: So I think that's a sensible decision.

1536
01:18:52,360 --> 01:18:55,120
Speaker 4: All right, appreciate your time, Simon Wat's Climate Change Minister.

1537
01:18:55,200 --> 01:18:57,000
Speaker 4: It is twenty one minutes after six News Talks. The

1538
01:18:57,000 --> 01:18:58,439
Speaker 4: would be Jamie McCay next.

1539
01:18:59,120 --> 01:19:02,519
Speaker 1: The Rural Report with MSD Animal Health Home of Sense

1540
01:19:02,560 --> 01:19:04,280
Speaker 1: of Dairy at All Flags.

1541
01:19:04,080 --> 01:19:06,519
Speaker 4: Six twenty four Jamie mckaye, Host of the Country with

1542
01:19:06,600 --> 01:19:10,400
Speaker 4: me tonight, Jamie good evening. All right, I hear you.

1543
01:19:10,560 --> 01:19:13,120
Speaker 4: You're with us from the spates Ale House and Team

1544
01:19:13,160 --> 01:19:13,439
Speaker 4: at Ou.

1545
01:19:13,760 --> 01:19:18,120
Speaker 6: What's the occasion, Oh, just somewhere different to drink, Ryan

1546
01:19:18,360 --> 01:19:22,400
Speaker 6: now looked to be honest. I'm in Temaru for the

1547
01:19:22,520 --> 01:19:25,719
Speaker 6: Teamaru for the next couple of days. I mean seeing

1548
01:19:25,760 --> 01:19:29,000
Speaker 6: the South Island Airy Event, which is one of the

1549
01:19:29,040 --> 01:19:30,400
Speaker 6: better farming conferences.

1550
01:19:30,439 --> 01:19:31,360
Speaker 9: I really enjoy it.

1551
01:19:31,479 --> 01:19:33,960
Speaker 6: So yet we're in the spates Ale House, or just

1552
01:19:34,000 --> 01:19:37,120
Speaker 6: above the spates Ale House, at the function center here

1553
01:19:37,120 --> 01:19:39,960
Speaker 6: in Timaru, and it's owned, I believe it or not.

1554
01:19:40,000 --> 01:19:42,839
Speaker 6: The whole thing's owned by the Mayor of Timaru, Nigel Bowen.

1555
01:19:42,920 --> 01:19:45,240
Speaker 6: So there you go, some useless trivia for you. And

1556
01:19:45,280 --> 01:19:48,760
Speaker 6: I must say Ryan that I used to diss Timarou awe.

1557
01:19:48,880 --> 01:19:50,680
Speaker 6: But back in the eighties I used to come up

1558
01:19:50,680 --> 01:19:52,920
Speaker 6: here as a young bloke and play rugby and I

1559
01:19:52,960 --> 01:19:54,719
Speaker 6: thought it was a bit of a dive. But having

1560
01:19:54,760 --> 01:19:58,480
Speaker 6: had a good look around the town some lovely restaurants.

1561
01:19:58,520 --> 01:20:02,599
Speaker 6: Caroline Bay is fantas plastic nowadays. I suppose it always

1562
01:20:02,640 --> 01:20:05,000
Speaker 6: has been. With the soundshell and all that there, but

1563
01:20:05,080 --> 01:20:07,840
Speaker 6: it's a city that's doing pretty well. I'd say off

1564
01:20:07,880 --> 01:20:09,880
Speaker 6: the back of the primary sector.

1565
01:20:10,600 --> 01:20:12,880
Speaker 4: Now, speaking of off the back of the primary sector,

1566
01:20:12,920 --> 01:20:14,240
Speaker 4: how are we going to do off the back of

1567
01:20:14,240 --> 01:20:16,720
Speaker 4: the primary sector if they're in trouble? Are they with

1568
01:20:16,880 --> 01:20:19,120
Speaker 4: the dairy payout and what's happening around the world with

1569
01:20:19,160 --> 01:20:21,599
Speaker 4: Donald Trump? Or is that safe and lockdown? Do you think?

1570
01:20:22,439 --> 01:20:24,720
Speaker 6: Well, I'm only guessing here. You need to ring up

1571
01:20:24,720 --> 01:20:27,559
Speaker 6: Miles Hurrell or one of those guys. But I would

1572
01:20:27,560 --> 01:20:31,599
Speaker 6: imagine this year's dairy payout at ten dollars plus as

1573
01:20:31,720 --> 01:20:32,600
Speaker 6: more or less.

1574
01:20:32,520 --> 01:20:33,320
Speaker 9: Locked and loaded.

1575
01:20:33,400 --> 01:20:37,000
Speaker 6: Remember, there is I guess a down or an upside

1576
01:20:37,040 --> 01:20:39,840
Speaker 6: to Trump's stupidity, and that might be the exchange rate.

1577
01:20:40,120 --> 01:20:42,920
Speaker 6: But in terms of dairy, for instance, only six percent

1578
01:20:42,960 --> 01:20:47,519
Speaker 6: of our dairy goes into the US. Obviously red meat

1579
01:20:47,600 --> 01:20:50,960
Speaker 6: wine would be a far greater concern. And even at

1580
01:20:51,000 --> 01:20:54,360
Speaker 6: ten percent on nine billion dollars, that's nine hundred million.

1581
01:20:54,439 --> 01:20:57,320
Speaker 6: Yet I know it's it's not to be sniffed at,

1582
01:20:57,360 --> 01:20:59,120
Speaker 6: but it's not going to break us. I think the

1583
01:20:59,160 --> 01:21:01,439
Speaker 6: real issue and it was good to hear Steve and

1584
01:21:01,560 --> 01:21:04,680
Speaker 6: Joyce on your show A wee bit earlier, Ryan that

1585
01:21:04,760 --> 01:21:07,920
Speaker 6: the real issue is the collateral damage, like to our

1586
01:21:07,960 --> 01:21:12,240
Speaker 6: major trading partners, especially China, our biggest trading part partner,

1587
01:21:12,280 --> 01:21:15,040
Speaker 6: plus the EU. And then you're looking at the damage

1588
01:21:15,080 --> 01:21:16,120
Speaker 6: and goodness.

1589
01:21:15,720 --> 01:21:16,439
Speaker 9: Knows what it is.

1590
01:21:16,600 --> 01:21:21,360
Speaker 6: No one knows to the world economy, potential recession, higher inflation,

1591
01:21:22,000 --> 01:21:24,040
Speaker 6: interest rates, Goodness knows.

1592
01:21:23,840 --> 01:21:24,640
Speaker 9: Where they're going to go.

1593
01:21:24,720 --> 01:21:28,240
Speaker 6: Reserve banks around the world might have to start lowering

1594
01:21:28,840 --> 01:21:32,240
Speaker 6: interest rates to stimulate economies. Look, I think we're all

1595
01:21:32,280 --> 01:21:34,880
Speaker 6: just stabbing in the dark at the moment, but you

1596
01:21:34,880 --> 01:21:37,439
Speaker 6: would have to say, I guess New Zealand's as well

1597
01:21:37,840 --> 01:21:42,720
Speaker 6: positioned maybe as any country to get through this. But

1598
01:21:42,760 --> 01:21:45,400
Speaker 6: we're going to watch with interest how Trump v.

1599
01:21:45,640 --> 01:21:48,840
Speaker 4: China goes absolutely and that thing's only heading up. Jamie,

1600
01:21:48,880 --> 01:21:50,240
Speaker 4: thank you for that. I'll let you get back to

1601
01:21:50,280 --> 01:21:53,599
Speaker 4: the pub. Enjoy yourself. Jamie McKay, host of the Country

1602
01:21:53,680 --> 01:21:56,880
Speaker 4: and on hosting duties at the spats own House and

1603
01:21:56,920 --> 01:21:59,439
Speaker 4: team tonight it is twenty seven minutes after six, you're

1604
01:21:59,439 --> 01:22:01,640
Speaker 4: on news talks. Lots want to come. I'm going to

1605
01:22:01,680 --> 01:22:03,200
Speaker 4: get to the UK before the top of the outer

1606
01:22:03,320 --> 01:22:06,680
Speaker 4: end of Brady and we will chat about the formula,

1607
01:22:06,920 --> 01:22:11,280
Speaker 4: the format I should say of this debate over in Australia,

1608
01:22:11,320 --> 01:22:13,840
Speaker 4: the Leader's debate happening on Sky News tonight, I'm quite

1609
01:22:13,880 --> 01:22:16,840
Speaker 4: interested in that's Nextina.

1610
01:22:17,080 --> 01:22:21,000
Speaker 2: He loves me, he holds me tired, then let me go. Helmina,

1611
01:22:21,280 --> 01:22:22,040
Speaker 2: he loves me.

1612
01:22:22,520 --> 01:22:27,120
Speaker 13: Hold me tired, then let me go. You say you save.

1613
01:22:28,800 --> 01:22:32,920
Speaker 1: Everything from SMS to the big corporates, the Business Hour

1614
01:22:33,200 --> 01:22:37,960
Speaker 1: with Ryan Bridge and players, insurance and investments, grew your wealth,

1615
01:22:38,080 --> 01:22:39,000
Speaker 1: protect your future.

1616
01:22:39,200 --> 01:22:50,880
Speaker 2: News TALKSB in the PCs.

1617
01:22:54,040 --> 01:22:56,560
Speaker 4: Good even twenty five away from seven News Talks B.

1618
01:22:56,800 --> 01:22:58,599
Speaker 4: We'll get to in the Brady in the UK before

1619
01:22:58,680 --> 01:23:01,559
Speaker 4: seven o'clock. I'm over. And China. Chinese stocks have been

1620
01:23:01,560 --> 01:23:03,840
Speaker 4: tumbling like they have everywhere else all around the world,

1621
01:23:03,880 --> 01:23:08,200
Speaker 4: and the Chinese have gone all in with all hands

1622
01:23:08,200 --> 01:23:10,920
Speaker 4: on deck to save the share market there. A bunch

1623
01:23:10,960 --> 01:23:13,679
Speaker 4: of state holding companies have come out and started buying

1624
01:23:13,760 --> 01:23:17,080
Speaker 4: up shares to stabilize the market there. This is mainly

1625
01:23:17,120 --> 01:23:20,960
Speaker 4: on the Shanghai Composite, which is their benchmark stock exchange.

1626
01:23:21,080 --> 01:23:23,559
Speaker 4: They were down seven percent on Monday. They have come

1627
01:23:23,640 --> 01:23:27,559
Speaker 4: back today and guess what, it's the Chinese government that's

1628
01:23:27,600 --> 01:23:31,000
Speaker 4: behind it. No surprise there. That is just Beijing doing

1629
01:23:31,040 --> 01:23:33,400
Speaker 4: what Beijing does. It bails out. It did this in

1630
01:23:33,400 --> 01:23:36,360
Speaker 4: twenty fifteen. I lived there in twenty fifteen when this happened,

1631
01:23:36,400 --> 01:23:38,400
Speaker 4: and I remember thinking, oh, well, they can't just come

1632
01:23:38,439 --> 01:23:40,679
Speaker 4: in surely and just buy up all the stocks, and

1633
01:23:40,800 --> 01:23:43,559
Speaker 4: everyone's like, yeah, they can. That's what they do. So

1634
01:23:43,680 --> 01:23:45,479
Speaker 4: you'll never see too much in the way of a

1635
01:23:45,760 --> 01:23:49,360
Speaker 4: crash on a Chinese stock market. It's twenty four away

1636
01:23:49,400 --> 01:23:53,639
Speaker 4: from seven, Ryan Bridge, Albanezi and Dustin. They will face

1637
01:23:53,680 --> 01:23:56,160
Speaker 4: off in the first election debate on Sky News at

1638
01:23:56,240 --> 01:23:58,519
Speaker 4: nine point thirty tonight. That's nine thirty our time. Dutton

1639
01:23:58,600 --> 01:24:01,400
Speaker 4: is under pressure to convince vot he's been slipping behind

1640
01:24:01,479 --> 01:24:04,360
Speaker 4: Labor and the latest polls. Mark Riley is seven News

1641
01:24:04,400 --> 01:24:08,400
Speaker 4: political editor. He has previously mediated debates. He's with us

1642
01:24:08,439 --> 01:24:11,680
Speaker 4: tonight Mark Good evening, Gooday.

1643
01:24:11,439 --> 01:24:15,719
Speaker 20: Ryan, and hopes to moderate debates in the future as well.

1644
01:24:16,360 --> 01:24:19,519
Speaker 4: Let's see is this Yes? Sorry I didn't make that

1645
01:24:19,680 --> 01:24:24,439
Speaker 4: so last century Mark? Is this tonight? Which one have

1646
01:24:24,560 --> 01:24:27,559
Speaker 4: him a moderator because there's questions from the audience. It

1647
01:24:27,600 --> 01:24:29,879
Speaker 4: sounds a bit more town Holly. What's the format?

1648
01:24:30,600 --> 01:24:33,960
Speaker 20: Yeah, city's town Hay that's exactly it. I mean, Kieran

1649
01:24:34,040 --> 01:24:38,880
Speaker 20: Gilbert Sky will moderate, but he'll essentially just pass the

1650
01:24:39,160 --> 01:24:43,559
Speaker 20: microphone around to people who've been selected by a survey

1651
01:24:43,680 --> 01:24:47,200
Speaker 20: company as a representative of the electorate, and they'll be

1652
01:24:47,280 --> 01:24:52,960
Speaker 20: asking questions about particular policy issues, personality issues, politics, the

1653
01:24:53,000 --> 01:24:55,800
Speaker 20: whole light. So it is very town hoy.

1654
01:24:56,640 --> 01:24:58,839
Speaker 4: And how do you win a town hall debate?

1655
01:25:01,200 --> 01:25:02,960
Speaker 20: Well, not in the other bloke off his feet, But

1656
01:25:03,200 --> 01:25:08,759
Speaker 20: you know, there's these debates are always risky for prime

1657
01:25:08,760 --> 01:25:13,719
Speaker 20: ministers and always opportunities for opposition leaders. I guess it's

1658
01:25:13,800 --> 01:25:18,360
Speaker 20: a rare opportunity for an opposition leader to have equals

1659
01:25:18,360 --> 01:25:22,519
Speaker 20: standing on the same platform with the Prime minister, shoulders shoulder,

1660
01:25:22,520 --> 01:25:26,160
Speaker 20: eye to eye, So much more to lose for a PM,

1661
01:25:26,479 --> 01:25:30,920
Speaker 20: much more to gain for an opposition leader. And most

1662
01:25:30,920 --> 01:25:35,679
Speaker 20: of the time it's kind of impressionistic. There's a debate

1663
01:25:35,720 --> 01:25:39,400
Speaker 20: about about how much impact the debates themselves have on

1664
01:25:39,479 --> 01:25:43,200
Speaker 20: people's voting intentions. Do they really turn votes? Well, probably

1665
01:25:43,240 --> 01:25:46,120
Speaker 20: not in and of themselves, unless you you know, start

1666
01:25:46,240 --> 01:25:50,680
Speaker 20: buffering on live television, as has happened in the presidential

1667
01:25:50,720 --> 01:25:57,200
Speaker 20: debates before. Before the Democrats changed candidate with Joe Biden.

1668
01:25:57,680 --> 01:26:01,720
Speaker 20: But I think also there's a psychological impact of this

1669
01:26:01,760 --> 01:26:04,080
Speaker 20: that I've watched I'm fascinated by over the years. It

1670
01:26:04,120 --> 01:26:06,880
Speaker 20: does play with the mind of the candidate if they

1671
01:26:06,920 --> 01:26:11,320
Speaker 20: have a poor performance at a debate. So you know,

1672
01:26:11,600 --> 01:26:15,200
Speaker 20: you can have an impact on a couple of different levels,

1673
01:26:15,600 --> 01:26:20,559
Speaker 20: but they're normally remembered for moments. So while position leaders

1674
01:26:20,680 --> 01:26:24,759
Speaker 20: and prime ministers look for those moments where they essentially

1675
01:26:24,800 --> 01:26:26,519
Speaker 20: make their opponent look like a goose.

1676
01:26:26,840 --> 01:26:28,880
Speaker 4: Yeah, we had one of those in New Zealand that

1677
01:26:29,080 --> 01:26:31,240
Speaker 4: Show Me the Money debate with our former Prime Minister

1678
01:26:31,280 --> 01:26:34,400
Speaker 4: John Key down in christ Church, and it changed, It

1679
01:26:34,439 --> 01:26:36,719
Speaker 4: really did, because what it does for the next week

1680
01:26:36,840 --> 01:26:40,200
Speaker 4: on the campaign is give that candidate the pip in

1681
01:26:40,280 --> 01:26:44,080
Speaker 4: the step, the energy, you know, the vibe, the kind

1682
01:26:44,120 --> 01:26:46,320
Speaker 4: of the push that you need to the finish line.

1683
01:26:46,320 --> 01:26:48,799
Speaker 4: Doesn't it? So they can it does, Yeah.

1684
01:26:48,760 --> 01:26:49,080
Speaker 3: It does.

1685
01:26:49,120 --> 01:26:53,960
Speaker 20: Look, campaigns are all about momentum, and if you can

1686
01:26:54,040 --> 01:26:56,479
Speaker 20: get what you believe is a shift in momentum from

1687
01:26:56,560 --> 01:26:59,320
Speaker 20: a debate and then ride it into the campaign proper,

1688
01:26:59,720 --> 01:27:02,720
Speaker 20: it can have a material impact on the way that

1689
01:27:02,800 --> 01:27:05,880
Speaker 20: the next few days or week plays plays out. But

1690
01:27:06,000 --> 01:27:09,280
Speaker 20: also it starts to build its own narratives, so people

1691
01:27:09,360 --> 01:27:12,000
Speaker 20: like me start saying, well, you know, things started to

1692
01:27:12,000 --> 01:27:14,799
Speaker 20: turn out the debate when you know Dutton got inside

1693
01:27:14,840 --> 01:27:17,040
Speaker 20: albanyz his head or Albanize he got inside Dutton and

1694
01:27:17,040 --> 01:27:21,759
Speaker 20: said whatever the case may be. So they can produce

1695
01:27:22,040 --> 01:27:27,799
Speaker 20: turning points in a way often don't sometimes can Trump.

1696
01:27:28,000 --> 01:27:30,360
Speaker 4: How much of a factor is he in this campaign?

1697
01:27:31,160 --> 01:27:31,519
Speaker 3: Massive?

1698
01:27:31,600 --> 01:27:34,040
Speaker 20: I mean the guys you know, look a look at

1699
01:27:34,439 --> 01:27:38,120
Speaker 20: you know your superannuation today. Trump is a factor in

1700
01:27:38,200 --> 01:27:43,160
Speaker 20: every country around the world today, and in this campaign

1701
01:27:43,240 --> 01:27:46,880
Speaker 20: he is a factor because he's skewing the outlook for

1702
01:27:46,880 --> 01:27:50,280
Speaker 20: the Australian economy. We had Peter Dutton today declaring that

1703
01:27:50,360 --> 01:27:54,880
Speaker 20: Australia was headed towards recession, headed towards recession under Labor.

1704
01:27:54,920 --> 01:27:57,200
Speaker 20: Of course he made the political point, but you know,

1705
01:27:57,240 --> 01:27:59,240
Speaker 20: back in the day we would have said that's talking

1706
01:27:59,360 --> 01:28:02,160
Speaker 20: the economy and un Australian and all the rest of it.

1707
01:28:02,200 --> 01:28:04,240
Speaker 20: These days it's just part of the course in the

1708
01:28:04,280 --> 01:28:10,200
Speaker 20: political contact sport. But so there will be questions about Trump,

1709
01:28:10,320 --> 01:28:13,400
Speaker 20: I am absolutely certain, and both of the leaders will

1710
01:28:13,439 --> 01:28:16,120
Speaker 20: say that they are best equipped to deal with him.

1711
01:28:16,160 --> 01:28:17,640
Speaker 20: The question is how you deal with him?

1712
01:28:17,680 --> 01:28:17,760
Speaker 1: Right?

1713
01:28:17,760 --> 01:28:20,160
Speaker 20: I mean and that's the material point. How do you

1714
01:28:20,240 --> 01:28:25,520
Speaker 20: deal with somebody who is so unpredictable as Trump. Albanesi's

1715
01:28:25,560 --> 01:28:28,920
Speaker 20: way has been to say that we do it diplomatically

1716
01:28:29,439 --> 01:28:35,599
Speaker 20: through the usual channels and through traditional means. We don't

1717
01:28:36,160 --> 01:28:39,240
Speaker 20: we don't engage in knee joke responses. That is, we're

1718
01:28:39,280 --> 01:28:44,680
Speaker 20: not going to whack on tariffs on the US in retaliation.

1719
01:28:45,479 --> 01:28:50,360
Speaker 20: Dutton's the Dutton's way of really of framing this is

1720
01:28:50,400 --> 01:28:53,320
Speaker 20: that he will take a toughest stand, he'll be more forthright,

1721
01:28:53,400 --> 01:28:57,519
Speaker 20: stand up for Australia. And but also because it's kind

1722
01:28:57,560 --> 01:29:01,240
Speaker 20: of said Sodo, but because he's of the conservative milk,

1723
01:29:01,320 --> 01:29:03,840
Speaker 20: though not of the Trump kind, but of the same

1724
01:29:04,160 --> 01:29:10,000
Speaker 20: conservative bent, he has a better chance of negotiating an

1725
01:29:10,240 --> 01:29:12,960
Speaker 20: exemption or a deal for Australia than alban Easy does.

1726
01:29:13,960 --> 01:29:18,920
Speaker 20: But in essence, I think Trump brings to this campaign

1727
01:29:19,040 --> 01:29:23,719
Speaker 20: the question, you know, who is best equipped to lead

1728
01:29:23,760 --> 01:29:30,640
Speaker 20: Australia at a time of royaling, expensive and quite frightening uncertainty,

1729
01:29:30,800 --> 01:29:33,120
Speaker 20: particularly in the global economy.

1730
01:29:33,400 --> 01:29:35,760
Speaker 4: Yeah, hey, great to have you on Mark, looking forward

1731
01:29:35,760 --> 01:29:39,080
Speaker 4: to tonight's debate and looking forward to you moderating debates

1732
01:29:39,080 --> 01:29:42,360
Speaker 4: in the future. Mark Riley seven News Political editor with

1733
01:29:42,439 --> 01:29:45,160
Speaker 4: us out of Australia. It is eighteen minutes away from seven.

1734
01:29:45,160 --> 01:29:47,639
Speaker 4: We'll get to end the next If it's.

1735
01:29:47,479 --> 01:29:49,720
Speaker 2: To do with money, it matters to you.

1736
01:29:50,200 --> 01:29:55,080
Speaker 1: The Business Hour with Ryan Rich and Their's insurance and investments,

1737
01:29:55,360 --> 01:29:58,080
Speaker 1: Grow your wealth, Protect your future news talks.

1738
01:29:58,120 --> 01:30:01,240
Speaker 4: That'd be seven on newstalk. Let's get it into Brady,

1739
01:30:01,280 --> 01:30:03,000
Speaker 4: a UK correspondent in to welcome to.

1740
01:30:02,960 --> 01:30:05,799
Speaker 9: You, Hey, Ryan, good to speak to you again.

1741
01:30:05,640 --> 01:30:09,080
Speaker 4: And to you too. Now you've got a pretty impressive story.

1742
01:30:09,200 --> 01:30:11,760
Speaker 4: The first if a baby born in the UK to

1743
01:30:11,840 --> 01:30:14,120
Speaker 4: a woman with a womb transplant.

1744
01:30:15,280 --> 01:30:21,720
Speaker 9: Yeah, this is absolutely stunning and beautiful and brilliant. Grace Davidson.

1745
01:30:21,840 --> 01:30:25,559
Speaker 9: She's thirty six, it's originally from Scotland, lives in London

1746
01:30:25,600 --> 01:30:30,000
Speaker 9: with her husband Angus, and she was born without a uterus.

1747
01:30:30,040 --> 01:30:33,720
Speaker 9: And two years ago she had a match with her

1748
01:30:33,760 --> 01:30:36,600
Speaker 9: sister and they carried out all the medical checks in

1749
01:30:36,680 --> 01:30:39,040
Speaker 9: advance and they had counseling. Her sister had already had

1750
01:30:39,040 --> 01:30:41,680
Speaker 9: a couple of children, didn't want any more, so her

1751
01:30:41,720 --> 01:30:46,600
Speaker 9: sister Amy donated her womb. It was a successful transplant

1752
01:30:47,160 --> 01:30:50,479
Speaker 9: and we learned today that Grace has given birth to

1753
01:30:50,760 --> 01:30:54,519
Speaker 9: a beautiful, bouncing little baby girl two kilos, who she

1754
01:30:54,560 --> 01:30:58,320
Speaker 9: has named Amy, after her sister. So it's not a

1755
01:30:58,360 --> 01:31:00,760
Speaker 9: world first. There have been other bay he's born this

1756
01:31:00,840 --> 01:31:03,880
Speaker 9: way in other countries, but it is the first in

1757
01:31:03,920 --> 01:31:07,160
Speaker 9: the United Kingdom. And the pictures today in the papers

1758
01:31:07,200 --> 01:31:09,920
Speaker 9: just will bring tears through anyone's eyes listening to the

1759
01:31:09,920 --> 01:31:14,160
Speaker 9: family's story and the friendship and obviously an amazing relationship

1760
01:31:14,200 --> 01:31:16,800
Speaker 9: between two sisters. Good luck to them all. It's a

1761
01:31:16,840 --> 01:31:17,639
Speaker 9: wonderful story.

1762
01:31:17,760 --> 01:31:20,400
Speaker 4: Yeah, pretty cool. Now Stama has gone to the land

1763
01:31:20,439 --> 01:31:22,760
Speaker 4: Drover factory. This is the one that's paused all the

1764
01:31:22,800 --> 01:31:26,400
Speaker 4: exports for a month. Just a white and sea pause

1765
01:31:26,439 --> 01:31:28,800
Speaker 4: at the moment of the terrorists. What exactly has he

1766
01:31:28,840 --> 01:31:30,320
Speaker 4: found out there or what was he there for?

1767
01:31:31,640 --> 01:31:34,080
Speaker 9: It was all about messaging. Really, I've never seen a

1768
01:31:34,120 --> 01:31:38,040
Speaker 9: prime minister stand on a production line. He literally spoke

1769
01:31:38,240 --> 01:31:41,160
Speaker 9: as vehicles were moving under the production line behind him.

1770
01:31:41,160 --> 01:31:44,559
Speaker 9: So range Rovers they sell very very well in America.

1771
01:31:44,640 --> 01:31:46,960
Speaker 9: I mean they're a luxury vehicle that cost a lot

1772
01:31:47,000 --> 01:31:50,320
Speaker 9: of money. Range Rover Sport, Range Rover Discovery are the

1773
01:31:50,320 --> 01:31:54,040
Speaker 9: two most popular brands with Americans, and range Rover, the

1774
01:31:54,080 --> 01:31:57,720
Speaker 9: parent company Jaguar Landrover have decided to pause exports for

1775
01:31:57,840 --> 01:32:01,320
Speaker 9: one month. Now it takes twenty one to get a

1776
01:32:01,360 --> 01:32:05,120
Speaker 9: shipment of vehicles sailed from the UK to the United States.

1777
01:32:05,520 --> 01:32:07,640
Speaker 9: So I think what they're trying to do is just

1778
01:32:07,720 --> 01:32:10,640
Speaker 9: maybe buy some time or just kind of wait and

1779
01:32:10,760 --> 01:32:13,040
Speaker 9: see what is going to happen, because the wind seemed

1780
01:32:13,080 --> 01:32:16,120
Speaker 9: to be changing every ten minutes with these tariffs and Trump,

1781
01:32:16,360 --> 01:32:19,160
Speaker 9: but it is making a mistake. A huge industry for

1782
01:32:19,240 --> 01:32:22,320
Speaker 9: the UK and has been battered because of Brexit, and

1783
01:32:22,400 --> 01:32:25,439
Speaker 9: now they've got all of this. The most recent figures

1784
01:32:25,479 --> 01:32:28,679
Speaker 9: we have last year, one hundred and one thousand units

1785
01:32:28,680 --> 01:32:32,120
Speaker 9: of all vehicles were sold from the UK to the

1786
01:32:32,240 --> 01:32:35,320
Speaker 9: United States. It's an industry worth about sixteen and a

1787
01:32:35,320 --> 01:32:40,160
Speaker 9: half billion dollars to Britain's economy. So Starmer's messaging really

1788
01:32:40,280 --> 01:32:42,400
Speaker 9: was to just show people that the production lines are

1789
01:32:42,400 --> 01:32:46,280
Speaker 9: still moving and he called for calm heads. But there

1790
01:32:46,280 --> 01:32:47,599
Speaker 9: one didn't seem to be any plan.

1791
01:32:49,120 --> 01:32:51,439
Speaker 4: Well that's the problem. No one knows what the future

1792
01:32:51,439 --> 01:32:53,200
Speaker 4: holds it, so it's had to have a plane, isn't

1793
01:32:53,200 --> 01:32:56,519
Speaker 4: it that that's part of the problem. Yeah, Hey, Charles

1794
01:32:56,520 --> 01:32:59,040
Speaker 4: and Camilla land in Italy. Sorry, I should say, the

1795
01:32:59,120 --> 01:33:01,720
Speaker 4: King and the Queen landon Italy a head of the

1796
01:33:01,800 --> 01:33:05,240
Speaker 4: twentieth anniversary winning anniversary tomorrow. But is there still no

1797
01:33:05,560 --> 01:33:08,040
Speaker 4: visit for the Pope as them.

1798
01:33:08,200 --> 01:33:11,839
Speaker 9: Yes, so that's off the table. It had been initially planned,

1799
01:33:11,920 --> 01:33:14,799
Speaker 9: but the Pope is in such frail health that Charles

1800
01:33:14,840 --> 01:33:17,559
Speaker 9: has decided that out of respection, he'll just let them recover.

1801
01:33:18,000 --> 01:33:21,400
Speaker 9: So what they're doing, it's a two city vacation if

1802
01:33:21,439 --> 01:33:24,040
Speaker 9: you like. It's a four day state visit. So they

1803
01:33:24,080 --> 01:33:26,840
Speaker 9: will go to Rome and Charles will become the first

1804
01:33:26,880 --> 01:33:31,759
Speaker 9: ever monarch to address both houses of Parliament in Rome,

1805
01:33:31,880 --> 01:33:34,000
Speaker 9: so that's a big honor. There is a meeting with

1806
01:33:34,080 --> 01:33:37,719
Speaker 9: Georgia Maloney, the Italian Prime Minister, and I'm guessing Charles

1807
01:33:37,760 --> 01:33:40,960
Speaker 9: will be talking privately about trade and tariffs and Trump

1808
01:33:41,280 --> 01:33:44,480
Speaker 9: because Maloney in Europe is viewed as the Trump whisperer.

1809
01:33:44,840 --> 01:33:47,879
Speaker 9: He admires her. They get on and the Italians obviously

1810
01:33:47,920 --> 01:33:50,320
Speaker 9: have a very strong relationship with the US as well.

1811
01:33:50,920 --> 01:33:54,000
Speaker 9: And then he will head to Ravenna, beautiful Italian city,

1812
01:33:54,160 --> 01:33:56,759
Speaker 9: and they're going to go there to mark eighty years

1813
01:33:56,800 --> 01:33:59,840
Speaker 9: since it was liberated from the Nazis. And then tomorrow

1814
01:34:00,280 --> 01:34:02,880
Speaker 9: Charles and Cammilla are twenty years married tomorrow, would you believe?

1815
01:34:03,120 --> 01:34:05,799
Speaker 9: So what a way to spend it in beautiful Italy.

1816
01:34:06,040 --> 01:34:09,840
Speaker 4: Absolutely. What's yours sense on what the EU is going

1817
01:34:09,920 --> 01:34:13,120
Speaker 4: to do about Trump? You know, obviously they've made sort

1818
01:34:13,160 --> 01:34:14,960
Speaker 4: of a threat, they said we want to do a

1819
01:34:15,040 --> 01:34:17,400
Speaker 4: zero for zero deal. That didn't hear eck or it

1820
01:34:17,439 --> 01:34:20,000
Speaker 4: wasn't responded to. So what do you think the Knicks

1821
01:34:20,000 --> 01:34:20,360
Speaker 4: move is.

1822
01:34:21,600 --> 01:34:24,320
Speaker 9: I think they will match him reciprocal tariffs. I think

1823
01:34:24,320 --> 01:34:26,280
Speaker 9: that is the next thing from the European Union. The

1824
01:34:26,320 --> 01:34:28,800
Speaker 9: French and the Germans are very strong on this, but

1825
01:34:28,920 --> 01:34:31,280
Speaker 9: I think, you know, outside of the European Union we've

1826
01:34:31,320 --> 01:34:35,000
Speaker 9: got splits, so Britain won't do anything. I think I

1827
01:34:35,560 --> 01:34:39,519
Speaker 9: can't see Starmar wanting to antagonize him. We're dangling the

1828
01:34:39,600 --> 01:34:43,120
Speaker 9: carrots here of you know, state visit, a second trip

1829
01:34:43,160 --> 01:34:45,600
Speaker 9: from the President. No one's ever had that before. I

1830
01:34:45,600 --> 01:34:48,439
Speaker 9: think what you'll see from the UK is bending over

1831
01:34:48,520 --> 01:34:52,519
Speaker 9: backwards to keep him sweet. Whatever Trump wants he will

1832
01:34:52,560 --> 01:34:55,479
Speaker 9: get from Starmar. But I think the European Union will

1833
01:34:55,520 --> 01:34:58,639
Speaker 9: play hard ball as the Chinese are doing, and it'll

1834
01:34:58,680 --> 01:35:00,519
Speaker 9: be a case of who blinks first, but I mean,

1835
01:35:00,920 --> 01:35:03,240
Speaker 9: God help anyone who's retiring in the next few weeks

1836
01:35:03,240 --> 01:35:05,920
Speaker 9: from months, check out your investments. I mean I looked

1837
01:35:05,920 --> 01:35:08,480
Speaker 9: at stuff I have yesterday and it was an absolute

1838
01:35:08,560 --> 01:35:11,759
Speaker 9: blog buf and I think everyone's in the same bolt now.

1839
01:35:12,040 --> 01:35:14,800
Speaker 4: And appreciate your time in the Brady Are UK Correspondent.

1840
01:35:14,840 --> 01:35:16,720
Speaker 4: It is ten away from seven News Talks MB.

1841
01:35:17,920 --> 01:35:20,479
Speaker 1: It's the Heather too for see Alan Drive Full Show

1842
01:35:20,600 --> 01:35:24,000
Speaker 1: podcast on iHeartRadio powered by News Talks EBB.

1843
01:35:25,400 --> 01:35:28,200
Speaker 4: News Talks MB has just gone seven away from seven now.

1844
01:35:28,800 --> 01:35:30,920
Speaker 4: If you like me and you, I mean, we interview

1845
01:35:30,920 --> 01:35:32,080
Speaker 4: a lot of teachers, and we have a lot of

1846
01:35:32,200 --> 01:35:35,240
Speaker 4: unions on this program, and they always say the big problem,

1847
01:35:35,320 --> 01:35:37,040
Speaker 4: and we have them again today coming out with a

1848
01:35:37,080 --> 01:35:42,240
Speaker 4: press release saying we've got more children who have how

1849
01:35:42,280 --> 01:35:46,680
Speaker 4: do you put it, attention deficit disorder. They have all

1850
01:35:46,720 --> 01:35:50,000
Speaker 4: these sorts of conditions and it's very hard if you're

1851
01:35:50,040 --> 01:35:52,320
Speaker 4: a teacher to try and can control a classroom. And

1852
01:35:52,720 --> 01:35:54,840
Speaker 4: I can understand why that's difficult, and so therefore we

1853
01:35:54,920 --> 01:35:56,720
Speaker 4: need more resources and we need in the case of

1854
01:35:56,760 --> 01:36:01,080
Speaker 4: today's press release, eleven thousand teacher ades. And you sort

1855
01:36:01,120 --> 01:36:03,679
Speaker 4: of think, why have we suddenly got all these children

1856
01:36:03,760 --> 01:36:06,519
Speaker 4: who have got all these problems. Today, there's a study

1857
01:36:06,560 --> 01:36:08,680
Speaker 4: out it's actually a study of studies, one of those

1858
01:36:08,720 --> 01:36:11,800
Speaker 4: meta studies, two hundred and two earlier studies involving more

1859
01:36:11,840 --> 01:36:17,120
Speaker 4: than fifty six million mother child pairings. And what it says,

1860
01:36:17,479 --> 01:36:19,640
Speaker 4: it doesn't say that one causes the other. But what

1861
01:36:19,760 --> 01:36:24,040
Speaker 4: it says is interesting. So mothers who have diabetes while

1862
01:36:24,120 --> 01:36:29,360
Speaker 4: pregnant twenty eight percent more likely to be the child

1863
01:36:29,520 --> 01:36:31,840
Speaker 4: is twenty eight percent more likely to be diagnosed with

1864
01:36:31,960 --> 01:36:39,160
Speaker 4: a neurodevelopment disorder. Now autism, the risk increases twenty five percent,

1865
01:36:40,320 --> 01:36:46,719
Speaker 4: for ADHD, thirty percent, for intellectual disability thirty two percent.

1866
01:36:47,280 --> 01:36:53,000
Speaker 4: They can't say that diabetes that and it's not gestational diabetes,

1867
01:36:53,040 --> 01:36:55,240
Speaker 4: by the way, it's diabetes you get, you know, before

1868
01:36:55,280 --> 01:37:00,560
Speaker 4: you're pregnant. They can't say that diabetes causes autism and

1869
01:37:00,640 --> 01:37:02,760
Speaker 4: diabetes and the mother causes autism in the child. They

1870
01:37:02,800 --> 01:37:05,479
Speaker 4: can't say that. But they look at the numbers and

1871
01:37:05,600 --> 01:37:09,240
Speaker 4: they say, that's odd, you know. So that's basically what

1872
01:37:09,320 --> 01:37:11,800
Speaker 4: they're saying in this research at the moment, that is odd.

1873
01:37:12,160 --> 01:37:15,639
Speaker 4: That is some kind of trend. And if you look

1874
01:37:15,680 --> 01:37:18,760
Speaker 4: at the rate of and incidents of diabetes, and I mean,

1875
01:37:18,800 --> 01:37:21,400
Speaker 4: look at it in New Zealand. It's going up. It's

1876
01:37:21,439 --> 01:37:24,679
Speaker 4: like they call it the new tidal wave of health problems.

1877
01:37:25,560 --> 01:37:28,160
Speaker 4: So is there a link between that and autism? Well,

1878
01:37:28,240 --> 01:37:31,040
Speaker 4: I don't know that there is, actually, but there's definitely

1879
01:37:31,160 --> 01:37:36,400
Speaker 4: something some correlation going on. Diabetes affect nine percent of

1880
01:37:36,520 --> 01:37:40,000
Speaker 4: pregnancies in the United States, and in the United States

1881
01:37:40,200 --> 01:37:42,760
Speaker 4: like here, the incidence is rising. This is according to

1882
01:37:42,760 --> 01:37:46,000
Speaker 4: the US Centers for Disease Control. So yeah, nothing definitive.

1883
01:37:46,160 --> 01:37:49,559
Speaker 4: As I say, nothing definitive, but just something that's interesting.

1884
01:37:49,680 --> 01:37:53,000
Speaker 4: That's of note. I think just coming up to five

1885
01:37:53,040 --> 01:37:56,040
Speaker 4: away from seven, Ryan Bridge. So what are we going

1886
01:37:56,080 --> 01:37:59,120
Speaker 4: out to Tonight's tonight? I've got a sad one.

1887
01:37:59,200 --> 01:38:02,160
Speaker 26: Unfortunately, I've got Denis from Blondie to play us out

1888
01:38:02,200 --> 01:38:05,320
Speaker 26: tonight because the longtime drummer for Blondie, Clem Burke, has

1889
01:38:05,400 --> 01:38:09,439
Speaker 26: unfortunately died. He was seventy years old. He had cancer

1890
01:38:09,520 --> 01:38:11,600
Speaker 26: but kind of kept it private, wanted to keep it

1891
01:38:12,040 --> 01:38:14,680
Speaker 26: a private battle with cancer, but Blondie have confirmed that

1892
01:38:14,800 --> 01:38:18,679
Speaker 26: he has passed. Blondie had quite a few light lineup

1893
01:38:18,800 --> 01:38:22,240
Speaker 26: changes over the years, but Clem was reasonably constant He

1894
01:38:22,360 --> 01:38:24,519
Speaker 26: joined up in nineteen seventy four, right after the band

1895
01:38:24,600 --> 01:38:26,880
Speaker 26: had been formed, and then I went right through and

1896
01:38:27,200 --> 01:38:29,720
Speaker 26: the bandmates say that he was basically the heartbeat. He

1897
01:38:29,840 --> 01:38:30,960
Speaker 26: kind of helped keep them all together.

1898
01:38:32,200 --> 01:38:35,679
Speaker 4: So Denise to blows out nice nance. Thank you. Thanks

1899
01:38:35,720 --> 01:38:37,559
Speaker 4: for all your feedback and your text today. I really

1900
01:38:37,600 --> 01:38:39,200
Speaker 4: appreciate it. And see tomorrow.

1901
01:39:02,160 --> 01:39:02,880
Speaker 3: How you.

1902
01:39:06,080 --> 01:39:20,720
Speaker 13: Pretender? Who Daddy? She's befo base all back?

1903
01:39:22,680 --> 01:39:25,280
Speaker 2: How do today?

1904
01:39:27,760 --> 01:39:32,200
Speaker 13: Oh Dani did you? I'm in love with you? Danny?

1905
01:39:32,720 --> 01:39:37,600
Speaker 13: Did you? I'm in love with you, Danny. I'm in

1906
01:39:37,720 --> 01:39:55,599
Speaker 13: love you, Oh Danny, I'm elvey you, Danny. I'm love.

1907
01:40:11,560 --> 01:40:14,680
Speaker 1: For more from Hither Duplessy Allen Drive. Listen live to

1908
01:40:14,840 --> 01:40:17,840
Speaker 1: News Talks a B from four pm weekdays, or follow

1909
01:40:17,880 --> 01:40:19,640
Speaker 1: the podcast on iHeartRadio