1 00:00:01,200 --> 00:00:05,360 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,559 --> 00:00:09,840 Speaker 1: early erdership with our the Supercenter, explore our the successories 3 00:00:09,880 --> 00:00:12,240 Speaker 1: and servicing falland One News Talk said, be. 4 00:00:12,320 --> 00:00:14,480 Speaker 2: Good morning, Welcome to Thursday. Great to have your company. 5 00:00:14,560 --> 00:00:17,200 Speaker 2: Nichola Willis before six on growth in the ocr Mitch 6 00:00:17,280 --> 00:00:20,079 Speaker 2: mccannon stateside for US, Simon Bridges wants a cat, not 7 00:00:20,160 --> 00:00:23,040 Speaker 2: a ban on surcharges and how much compo do they 8 00:00:23,079 --> 00:00:26,160 Speaker 2: want for that Northerland pile on power balls up. We'll 9 00:00:26,200 --> 00:00:30,880 Speaker 2: tell you the agenda. Thursday, the twenty seventh and November. 10 00:00:30,960 --> 00:00:33,680 Speaker 2: Incredible scenes out of Hong Kong this morning. A massive 11 00:00:33,680 --> 00:00:37,680 Speaker 2: apartment blocks on fire. Thirteen people have died, fifteen injured 12 00:00:37,720 --> 00:00:40,360 Speaker 2: and seven hundred firefighters going at it. 13 00:00:40,440 --> 00:00:46,640 Speaker 3: So if irespreading quickly to nearby buildings, and we receive 14 00:00:46,880 --> 00:00:52,040 Speaker 3: numerous assistance call from the public, and also Debri and 15 00:00:52,200 --> 00:00:55,920 Speaker 3: Star building of the better buildings are falling down, so 16 00:00:56,280 --> 00:01:01,000 Speaker 3: post additional danger to our frontline personnel. 17 00:01:00,720 --> 00:01:03,160 Speaker 2: To the US. You know Trump's mate Steve Whitcoff, he's 18 00:01:03,160 --> 00:01:06,440 Speaker 2: dealing with the Russians on Ukraine. Apparently caught coaching Putin 19 00:01:06,520 --> 00:01:09,440 Speaker 2: on how to deal with Trump. Basically said Stroke his 20 00:01:09,520 --> 00:01:12,440 Speaker 2: ego and call on the President of Peace. That's what 21 00:01:12,560 --> 00:01:15,119 Speaker 2: the deal maker do. You got to said, Look, they 22 00:01:15,160 --> 00:01:17,080 Speaker 2: want this, You've got to convince him with this. 23 00:01:17,319 --> 00:01:20,280 Speaker 3: You know, that's a very standard form of negotiation. 24 00:01:20,600 --> 00:01:22,960 Speaker 4: I haven't heard it, but I heard it was the 25 00:01:23,040 --> 00:01:27,240 Speaker 4: standard negotiation and I would imagine he's saying the same 26 00:01:27,280 --> 00:01:28,000 Speaker 4: thing to Ukraine. 27 00:01:28,040 --> 00:01:29,720 Speaker 2: I think we'll talked to Mitch mccaenn about that later 28 00:01:29,720 --> 00:01:31,880 Speaker 2: in the show. To the UK we Go, Rachel Reeves 29 00:01:31,880 --> 00:01:34,600 Speaker 2: had to deliver her budget baby early after someone hit 30 00:01:34,680 --> 00:01:36,080 Speaker 2: send on the email. Whoopsie. 31 00:01:36,240 --> 00:01:39,400 Speaker 5: Today's budget bill's on the choices that we have made 32 00:01:39,520 --> 00:01:44,760 Speaker 5: since July last year to cut NHS waiting lists, to 33 00:01:44,959 --> 00:01:49,080 Speaker 5: cut the cost of living, and to cut tax and borrowing. 34 00:01:49,200 --> 00:01:51,000 Speaker 2: I'll give you the details on a second. But here's 35 00:01:51,040 --> 00:01:52,120 Speaker 2: the pushback in the house. 36 00:01:53,840 --> 00:01:56,080 Speaker 6: Far too much noise, and I expect it's so much 37 00:01:56,080 --> 00:02:00,720 Speaker 6: better from your dog to leave Evans energy. 38 00:02:03,120 --> 00:02:08,000 Speaker 5: Chancellor. I'm happy for them to shout as not so 39 00:02:08,080 --> 00:02:10,960 Speaker 5: much as they like Madame Jacket Speaker, as long as 40 00:02:10,960 --> 00:02:13,280 Speaker 5: they do it from the opposition benches, but they can't 41 00:02:13,360 --> 00:02:13,799 Speaker 5: call him. 42 00:02:17,120 --> 00:02:20,880 Speaker 1: Get ahead of the headlines on Early Edition with Ryan 43 00:02:20,960 --> 00:02:25,200 Speaker 1: Bridge and r V Supercenter, explore r v's accessories and 44 00:02:25,320 --> 00:02:26,240 Speaker 1: servicing all in. 45 00:02:26,320 --> 00:02:31,320 Speaker 2: One news talk. Simon down two is the numbers text. Now, 46 00:02:31,400 --> 00:02:33,360 Speaker 2: I will start with what happened overnight, because we've been 47 00:02:33,400 --> 00:02:35,400 Speaker 2: talking about Reeves and her budget for a couple of 48 00:02:35,440 --> 00:02:39,240 Speaker 2: weeks now anticipating this, so excited by this. And then 49 00:02:39,280 --> 00:02:41,079 Speaker 2: we'll come to you know, the Reserve Bank a little 50 00:02:41,120 --> 00:02:43,960 Speaker 2: later on the program. So here's what happened overnight. Basically, 51 00:02:44,040 --> 00:02:46,320 Speaker 2: reads and her budget bit of a disaster gets leaked 52 00:02:46,400 --> 00:02:49,600 Speaker 2: or they're calling it a release error whatever. She's sitting 53 00:02:49,600 --> 00:02:52,359 Speaker 2: there in Parliament and Star's talking and then you can 54 00:02:52,400 --> 00:02:55,200 Speaker 2: see the moment she looks down at her phone and 55 00:02:55,240 --> 00:02:58,520 Speaker 2: she goes, oh, crumbs, it's out. You could see the 56 00:02:58,560 --> 00:03:00,400 Speaker 2: moment she realize that this, you know, this is a 57 00:03:00,480 --> 00:03:03,520 Speaker 2: prized baby and it's out there before she's read it. Anyway, 58 00:03:03,560 --> 00:03:06,000 Speaker 2: a couple of bits, because we've been, you know, going 59 00:03:06,000 --> 00:03:08,600 Speaker 2: on about this, and then we'll talk about what it 60 00:03:08,639 --> 00:03:10,480 Speaker 2: means for us. There is some stuff in there that 61 00:03:10,840 --> 00:03:14,040 Speaker 2: is kind of relevant to us. So this UK labor 62 00:03:14,080 --> 00:03:17,520 Speaker 2: government has now increased taxes more than any other British 63 00:03:17,600 --> 00:03:20,560 Speaker 2: government in recent history. And remember they said they weren't 64 00:03:20,600 --> 00:03:22,720 Speaker 2: going to do that. While they've done it, the frozen 65 00:03:22,760 --> 00:03:26,240 Speaker 2: the income tax thresholds for longer. That's your bracket creep, 66 00:03:26,280 --> 00:03:29,320 Speaker 2: you know, where more people creep into higher brackets and 67 00:03:29,320 --> 00:03:31,359 Speaker 2: then end up paying more tax. They've got a new 68 00:03:31,400 --> 00:03:35,280 Speaker 2: mansion tax coming for the rich. They are getting rid 69 00:03:35,280 --> 00:03:38,480 Speaker 2: of the two child cap on welfare that's gone. So 70 00:03:38,800 --> 00:03:41,000 Speaker 2: have as many babies as you like and you'll get 71 00:03:41,000 --> 00:03:43,920 Speaker 2: benefits for it. But the bit that should worry us 72 00:03:43,960 --> 00:03:47,000 Speaker 2: a little bit is growth. They're going to grow slower 73 00:03:47,040 --> 00:03:50,480 Speaker 2: than we thought they were from next year. Same problem 74 00:03:50,520 --> 00:03:54,040 Speaker 2: we have here. It's lower productivity, lower growth. And you 75 00:03:54,120 --> 00:03:57,000 Speaker 2: add to that the fact that the US consumer confidence 76 00:03:57,040 --> 00:03:59,960 Speaker 2: just took a massive punch to the guts. The globe 77 00:04:00,160 --> 00:04:04,240 Speaker 2: economy more generally won't grow as fast next year as 78 00:04:04,280 --> 00:04:08,200 Speaker 2: it did this year. Our farmers milk prices in free fall. 79 00:04:08,280 --> 00:04:10,880 Speaker 2: All this stuff matters because, well you know this, we're 80 00:04:10,880 --> 00:04:13,880 Speaker 2: a small trading nation and as the Reserve Bank said yesterday, 81 00:04:14,160 --> 00:04:17,960 Speaker 2: for us to grow, the world must grow. Also, don't worry, 82 00:04:18,000 --> 00:04:20,599 Speaker 2: it's not all bad news. I'm not here to ruin 83 00:04:20,680 --> 00:04:26,440 Speaker 2: your Thursday morning because China, Germany, Japan, there's a couple 84 00:04:26,480 --> 00:04:30,360 Speaker 2: of others they've all announced massive spending, you know, stimulus packages, 85 00:04:30,400 --> 00:04:32,400 Speaker 2: which should give things a bit of a tickle up, 86 00:04:32,400 --> 00:04:34,920 Speaker 2: which is what we need. And Goldman Sachs came out 87 00:04:34,960 --> 00:04:37,080 Speaker 2: just in the last couple of days. They reckon China, 88 00:04:37,160 --> 00:04:40,239 Speaker 2: which is of course our biggest trading partner buys our stuff. 89 00:04:40,720 --> 00:04:43,480 Speaker 2: They will grow faster next year than we thought they would. 90 00:04:43,480 --> 00:04:46,479 Speaker 2: So there basically is the good, the bad, and hopefully 91 00:04:46,520 --> 00:04:49,719 Speaker 2: not next year the ugly. You're on News Talks there 92 00:04:49,800 --> 00:04:52,000 Speaker 2: be it's just going eleven minutes after five. We'll get 93 00:04:52,000 --> 00:04:54,840 Speaker 2: to Northfolk next for the lady they're going to sue. Basically, 94 00:04:54,880 --> 00:04:57,640 Speaker 2: we want the businesses. There were twenty thousand of them. 95 00:04:57,920 --> 00:05:01,000 Speaker 2: Power was out for days and they we want some compensation. 96 00:05:01,080 --> 00:05:04,760 Speaker 2: Thank you very much. How much News Talk SETB News. 97 00:05:04,480 --> 00:05:07,880 Speaker 1: And Views you trust to start your day. It's earlier 98 00:05:07,920 --> 00:05:11,880 Speaker 1: this ship with Bryan Bridge and r V Supercenter explore 99 00:05:12,040 --> 00:05:15,360 Speaker 1: r v's accessories and servicing fall in one News Talks 100 00:05:15,400 --> 00:05:16,360 Speaker 1: at B five thirteen. 101 00:05:16,440 --> 00:05:18,279 Speaker 2: Niicola willis on the show after six and we'll ask 102 00:05:18,279 --> 00:05:21,320 Speaker 2: her about the Regulatary Standards Bill repelling things. She mentioned 103 00:05:21,400 --> 00:05:24,919 Speaker 2: on Nick Mills yesterday in Wellington that they might campaign 104 00:05:25,200 --> 00:05:27,400 Speaker 2: like New Zealand first have said they will do on 105 00:05:27,560 --> 00:05:28,479 Speaker 2: repelling the thing. 106 00:05:28,640 --> 00:05:30,960 Speaker 6: Well, we haven't taken a position yet, but it's not 107 00:05:31,000 --> 00:05:33,800 Speaker 6: impossible that we would go to the campaign trail saying 108 00:05:33,880 --> 00:05:37,919 Speaker 6: yes we met our coalition commitment, we supported that into law, 109 00:05:38,240 --> 00:05:41,040 Speaker 6: but actually we agree with the concerns of some people. 110 00:05:41,240 --> 00:05:43,800 Speaker 6: It hasn't operated as we hoped and we want to 111 00:05:43,839 --> 00:05:44,240 Speaker 6: repel it. 112 00:05:44,440 --> 00:05:46,680 Speaker 2: The thing about this is the Regular Stands Bill. I 113 00:05:46,680 --> 00:05:50,920 Speaker 2: don't I principle, I agree with what it says, but 114 00:05:51,120 --> 00:05:53,920 Speaker 2: it basically adds a layer of bureaucracy that you get 115 00:05:53,920 --> 00:05:57,200 Speaker 2: a board and none of it is legally binding. No, 116 00:05:57,520 --> 00:06:00,919 Speaker 2: you cannot force the government to do anything through the 117 00:06:00,960 --> 00:06:04,200 Speaker 2: Regulatory Standards Act. The board that will be set up 118 00:06:04,279 --> 00:06:05,880 Speaker 2: is just It would be a bunch of guys being 119 00:06:05,920 --> 00:06:09,080 Speaker 2: paid who knows how much money to tell you something 120 00:06:09,120 --> 00:06:11,800 Speaker 2: that you probably already knew, and you can ignore anyway. 121 00:06:11,880 --> 00:06:14,080 Speaker 2: The government can ignore it. So what is the point 122 00:06:14,120 --> 00:06:16,960 Speaker 2: in it. I don't think it's a silly idea to 123 00:06:17,040 --> 00:06:21,240 Speaker 2: campaign against fourteen After five, Bryan, the Northern Pilon fiasco 124 00:06:21,360 --> 00:06:23,479 Speaker 2: is heading to court. Remember last June you had the 125 00:06:23,520 --> 00:06:27,480 Speaker 2: workers removing the bolts. The pylon falls over and region 126 00:06:27,520 --> 00:06:31,240 Speaker 2: goes dark for days. Twenty thousand businesses hit and now 127 00:06:31,240 --> 00:06:33,480 Speaker 2: they're taking Transpowder court to get their money back. Thank 128 00:06:33,480 --> 00:06:36,000 Speaker 2: you very much. Grant McCallum is MP for Northam joining 129 00:06:36,040 --> 00:06:37,159 Speaker 2: me now, hey Grant. 130 00:06:37,760 --> 00:06:38,680 Speaker 7: Yeah, good morning Ryan. 131 00:06:38,880 --> 00:06:42,680 Speaker 2: What was the damage Well, they used to. 132 00:06:42,720 --> 00:06:46,480 Speaker 7: Made it anywhere between sixteen eighty million dollars losses across 133 00:06:46,480 --> 00:06:49,960 Speaker 7: the region. So that'll be ultimately have to be proven 134 00:06:50,000 --> 00:06:51,680 Speaker 7: by people if it's going to be if the claim 135 00:06:51,760 --> 00:06:52,640 Speaker 7: is going to be successful. 136 00:06:53,080 --> 00:06:53,919 Speaker 2: You're supporting this. 137 00:06:55,800 --> 00:06:58,440 Speaker 7: I encouraged anyone who wants feels that be how done 138 00:06:58,480 --> 00:07:02,480 Speaker 7: by the explore Avenue and some local businesses have and 139 00:07:03,120 --> 00:07:05,799 Speaker 7: I think and all powers them because there were definitely 140 00:07:05,800 --> 00:07:08,440 Speaker 7: losses across the north and now the question is whether 141 00:07:08,480 --> 00:07:11,160 Speaker 7: they're legally stacks up and they get something out of it. 142 00:07:11,160 --> 00:07:13,560 Speaker 2: It does it? Well, what's your have they had? They've 143 00:07:13,560 --> 00:07:16,160 Speaker 2: obviously got a legal opinion on that. They think it 144 00:07:16,200 --> 00:07:17,360 Speaker 2: does not. 145 00:07:17,920 --> 00:07:20,360 Speaker 7: My place to get in front of the court process, 146 00:07:20,480 --> 00:07:22,920 Speaker 7: but let's just see where it lands. But we all 147 00:07:22,920 --> 00:07:25,840 Speaker 7: know what happened and the reports are showing what happened, 148 00:07:26,000 --> 00:07:27,920 Speaker 7: which to this day is still big as belief. But 149 00:07:28,080 --> 00:07:31,120 Speaker 7: so yes, there's a legal process and lets follow it through. 150 00:07:31,440 --> 00:07:34,480 Speaker 2: Has there been any ongoing effects? Like obviously there was 151 00:07:34,520 --> 00:07:36,560 Speaker 2: the few days where they were down, But did it 152 00:07:36,600 --> 00:07:38,680 Speaker 2: cause it? Is it still causing problems? 153 00:07:39,600 --> 00:07:41,600 Speaker 7: Not directly, but I know it put a lot of 154 00:07:41,640 --> 00:07:45,840 Speaker 7: stress on one or two businesses I know up north. 155 00:07:46,400 --> 00:07:48,320 Speaker 7: The loss of power for a big business like J 156 00:07:48,560 --> 00:07:51,120 Speaker 7: and L the mill and Ki Tire, which is out 157 00:07:51,160 --> 00:07:53,200 Speaker 7: of the they didn't compare on for four or five 158 00:07:53,280 --> 00:07:56,640 Speaker 7: days was significant. And that's a business that, like a 159 00:07:56,640 --> 00:07:58,920 Speaker 7: lot of mills, are struggling, so that was not helpful 160 00:07:58,960 --> 00:08:02,600 Speaker 7: to them. So yeah, the effect has been lingering, you 161 00:08:02,680 --> 00:08:04,680 Speaker 7: might say. But yeah, and I know there've been a 162 00:08:04,760 --> 00:08:07,760 Speaker 7: number of business ohs who have been quite annoyed with 163 00:08:07,840 --> 00:08:10,200 Speaker 7: the whole thing and the fact that transpower and the 164 00:08:10,320 --> 00:08:13,400 Speaker 7: of you haven't and their of you haven't compensated them. 165 00:08:13,480 --> 00:08:16,040 Speaker 2: All right, Hey, Grandele's having a look at your electorate 166 00:08:16,160 --> 00:08:18,560 Speaker 2: numbers from last election. Are you worried about next year? 167 00:08:19,840 --> 00:08:22,280 Speaker 7: I'm working hard to get around the electric mate and 168 00:08:22,320 --> 00:08:24,760 Speaker 7: do my best. The electors will make their mind up. 169 00:08:25,360 --> 00:08:27,560 Speaker 7: I'm always worried about what electors want, and I get 170 00:08:27,560 --> 00:08:29,880 Speaker 7: out there and listen to them. I guess I drove 171 00:08:29,960 --> 00:08:32,000 Speaker 7: up to Kaye Tyre from home. That's three hours each 172 00:08:32,000 --> 00:08:34,880 Speaker 7: way to attend the memorial service. An amazing man from 173 00:08:34,920 --> 00:08:37,800 Speaker 7: Kai ty and Monty Night. It was a really, really 174 00:08:37,880 --> 00:08:40,280 Speaker 7: amazing services. It was a real leader and all. So 175 00:08:40,440 --> 00:08:43,120 Speaker 7: it's the sort of thing you do your best. 176 00:08:43,120 --> 00:08:45,559 Speaker 2: Grant, are you one of these backbenchers worried about your boss? 177 00:08:46,640 --> 00:08:47,160 Speaker 8: No? 178 00:08:47,160 --> 00:08:49,720 Speaker 7: No, no, he's doing a tough job. Really well, come 179 00:08:49,760 --> 00:08:53,000 Speaker 7: on you, I knew you'd go here in this conversation. 180 00:08:53,520 --> 00:08:55,080 Speaker 7: You guys can't help yourselves out. 181 00:08:55,120 --> 00:08:59,000 Speaker 2: No we can't. So you said it's so excellent job 182 00:08:59,240 --> 00:09:00,480 Speaker 2: you would never roll them. 183 00:09:01,120 --> 00:09:03,440 Speaker 7: No, of course not. He will need us into the 184 00:09:03,840 --> 00:09:05,679 Speaker 7: and the election. He will the election. 185 00:09:06,360 --> 00:09:09,360 Speaker 2: Good to talk, Grant mcculloughy in People Northland signs seventeen 186 00:09:09,440 --> 00:09:12,640 Speaker 2: after five Ryan Bridge, good news about Huntley. They'll keep 187 00:09:12,679 --> 00:09:15,280 Speaker 2: the lights on. This is our backstop. Of course. They've 188 00:09:15,520 --> 00:09:18,880 Speaker 2: released Genesis has released its earnings growth and it's on track. 189 00:09:18,880 --> 00:09:21,480 Speaker 2: It'll be cash positive out to twenty thirty five, So 190 00:09:21,520 --> 00:09:23,720 Speaker 2: for the next decade they'll be making money, which is 191 00:09:23,720 --> 00:09:26,120 Speaker 2: good for you, it's good for me, it's good for everybody. 192 00:09:26,480 --> 00:09:28,480 Speaker 2: Remember there was a period where they were worried about 193 00:09:28,480 --> 00:09:32,720 Speaker 2: their future. The financial future. Well, gas kind of put 194 00:09:32,760 --> 00:09:35,320 Speaker 2: the kibosh on all of that talk because you know 195 00:09:35,360 --> 00:09:37,160 Speaker 2: that the bottom fell out of that, there was the 196 00:09:37,200 --> 00:09:41,000 Speaker 2: production collapse, and so coal is your answer. And then 197 00:09:41,120 --> 00:09:44,240 Speaker 2: the power companies come together, they do the coal deal 198 00:09:44,640 --> 00:09:48,040 Speaker 2: with Huntley and so Huntley is looking safe for at 199 00:09:48,120 --> 00:09:52,319 Speaker 2: least the next decade. Eighteen after five Simon Bridges next. 200 00:09:53,120 --> 00:09:57,680 Speaker 1: Ryan Bridge on Early Edition with r V Supercenter explore 201 00:09:57,800 --> 00:09:59,680 Speaker 1: r v's accessories and servicing. 202 00:10:00,559 --> 00:10:02,960 Speaker 2: News talks. It'd be five twenty on news talks'b this 203 00:10:03,480 --> 00:10:05,560 Speaker 2: business about Chris Bishop. He's not going to roll, then 204 00:10:05,559 --> 00:10:08,480 Speaker 2: nothing's going to happen before Christmas at the very least, 205 00:10:08,840 --> 00:10:11,600 Speaker 2: because you would wait and then do it in the 206 00:10:11,640 --> 00:10:13,840 Speaker 2: new year. You need to basically see you know, all 207 00:10:13,880 --> 00:10:15,640 Speaker 2: this talk about growth that we heard from the Reserve 208 00:10:15,679 --> 00:10:18,240 Speaker 2: Bank yesterday, If that starts to happen, things start looking up. 209 00:10:18,240 --> 00:10:20,320 Speaker 2: You don't need to roll them. But one thing I 210 00:10:20,400 --> 00:10:22,320 Speaker 2: was thinking about, you know, we've been talking about the 211 00:10:22,360 --> 00:10:27,600 Speaker 2: election date being November next year. If the only reason 212 00:10:27,679 --> 00:10:29,880 Speaker 2: that would change is if he got roll, if Luxon 213 00:10:29,960 --> 00:10:32,960 Speaker 2: got rolled by Bishop or whoever, if Luxon got rolled 214 00:10:32,960 --> 00:10:35,079 Speaker 2: by Judith, you know, just pick a pick an MP. 215 00:10:35,960 --> 00:10:38,600 Speaker 2: Then they would basically roll him. You'd have to get 216 00:10:38,600 --> 00:10:40,320 Speaker 2: through the budget, of course, but you would roll him 217 00:10:40,360 --> 00:10:42,160 Speaker 2: and then you would get to the poll's quick smart 218 00:10:42,240 --> 00:10:44,680 Speaker 2: you would call an early election is too well, not 219 00:10:44,679 --> 00:10:46,880 Speaker 2: an early election, but you would call an election as 220 00:10:46,880 --> 00:10:49,400 Speaker 2: soon as possible after he was rolled, because you want 221 00:10:49,440 --> 00:10:51,680 Speaker 2: to give yourself a shorter runway to make as few 222 00:10:51,720 --> 00:10:54,960 Speaker 2: mistakes as you can before you get to twenty one. 223 00:10:55,000 --> 00:10:58,080 Speaker 2: After five bread Bread business groups have come up with 224 00:10:58,080 --> 00:11:01,160 Speaker 2: a Plan B for the surcharge band. They are proposing 225 00:11:01,240 --> 00:11:04,800 Speaker 2: a cap, not a ban, the surcharge on debit cards. 226 00:11:04,840 --> 00:11:07,080 Speaker 2: They say should BeWo point five percent, a cap on 227 00:11:07,360 --> 00:11:11,319 Speaker 2: personal domestic credit cards one percent. But will the government budge? 228 00:11:11,360 --> 00:11:14,880 Speaker 2: That's the question. Simon Bridges, All Business Chamber of CEO. Hey, Simon, 229 00:11:15,600 --> 00:11:18,360 Speaker 2: Hey morning, Ryan, good morning. So why do you think 230 00:11:18,480 --> 00:11:21,920 Speaker 2: a cap and not a ban? Well, our looks in. 231 00:11:21,880 --> 00:11:25,160 Speaker 8: The end, you'd be clear, don't like this bill. I 232 00:11:25,160 --> 00:11:28,560 Speaker 8: think it's going to create unintended mess and you know, 233 00:11:28,800 --> 00:11:33,360 Speaker 8: actually an important thing. There is basically every submitted to 234 00:11:33,440 --> 00:11:35,880 Speaker 8: Parliament and there are a lot didn't like it either. 235 00:11:35,880 --> 00:11:39,360 Speaker 8: They saw it as well intentioned but unfair, not transparent. 236 00:11:40,160 --> 00:11:42,559 Speaker 2: So so for me, he's basically had a terrible choice. 237 00:11:42,559 --> 00:11:44,880 Speaker 8: Either have to suck up the costs and you know 238 00:11:44,920 --> 00:11:47,760 Speaker 8: they're working on tin margins that's bad, or they smear 239 00:11:47,800 --> 00:11:50,840 Speaker 8: it on everyone and that's very unfair and opaque as well. 240 00:11:50,960 --> 00:11:53,640 Speaker 8: So you know why this because I think actually in 241 00:11:53,679 --> 00:11:56,680 Speaker 8: the end it's a workable compromise. It deals with the 242 00:11:56,760 --> 00:12:00,320 Speaker 8: concern and it's a legitimate concern of excessive surcharges because 243 00:12:00,320 --> 00:12:03,160 Speaker 8: you've got this cap that's not very high. On the 244 00:12:03,200 --> 00:12:05,280 Speaker 8: other side of it, though, it does mean there's you know, 245 00:12:05,360 --> 00:12:09,880 Speaker 8: the retailers, hospo, tourism, these various businesses operating onto the 246 00:12:10,240 --> 00:12:14,320 Speaker 8: margins can recoup some of their cost and that's fear 247 00:12:14,400 --> 00:12:18,079 Speaker 8: as well. So you know, I think potentially it's a 248 00:12:18,200 --> 00:12:20,840 Speaker 8: it's a it's a win win sweet spot for the government, 249 00:12:21,320 --> 00:12:23,640 Speaker 8: for business, for consumers. 250 00:12:23,080 --> 00:12:25,600 Speaker 2: Simon, if they go with the smear option. Like, let's 251 00:12:25,640 --> 00:12:27,840 Speaker 2: assume that the band goes ahead and businesses go with 252 00:12:27,880 --> 00:12:30,240 Speaker 2: the smere option. How much extra do we pay in 253 00:12:30,440 --> 00:12:31,240 Speaker 2: general prices? 254 00:12:31,280 --> 00:12:31,680 Speaker 7: Do you reckon? 255 00:12:33,360 --> 00:12:35,480 Speaker 8: Well, because it's it's it's very hard to say, but 256 00:12:35,520 --> 00:12:37,720 Speaker 8: I mean I think it would be inflationary. I think 257 00:12:37,720 --> 00:12:40,760 Speaker 8: in the end, what happens is very messy. My sense 258 00:12:40,800 --> 00:12:42,800 Speaker 8: of it is, you know, you have a bunch of 259 00:12:42,840 --> 00:12:44,800 Speaker 8: businesses say you know, we're going to tryout, and the 260 00:12:44,800 --> 00:12:46,840 Speaker 8: big ones you say, we're going to try hard to 261 00:12:46,880 --> 00:12:50,160 Speaker 8: sort of sort of absorb this, and but then another 262 00:12:50,600 --> 00:12:52,480 Speaker 8: others that will think, we know, we are going to 263 00:12:52,480 --> 00:12:54,320 Speaker 8: smear it. And they's say you think that that if 264 00:12:54,360 --> 00:12:56,520 Speaker 8: you're paying cash, that's unfair. You're paying more when you 265 00:12:56,520 --> 00:12:59,600 Speaker 8: shouldn't have. If you're paying f poss, that's unfair because 266 00:12:59,600 --> 00:13:00,880 Speaker 8: you're paying more and you shouldn't have. 267 00:13:01,360 --> 00:13:02,199 Speaker 2: All a deal with the. 268 00:13:02,120 --> 00:13:04,000 Speaker 7: Issue of kind of you know, the tap on tip 269 00:13:04,240 --> 00:13:05,000 Speaker 7: tap off. 270 00:13:04,800 --> 00:13:07,280 Speaker 2: Cards and the credit cards. 271 00:13:07,600 --> 00:13:10,360 Speaker 8: We're actually you know, the focus I've always thought should 272 00:13:10,360 --> 00:13:12,880 Speaker 8: be on banks and that the payment providers, your visas 273 00:13:12,880 --> 00:13:14,680 Speaker 8: and your master cards. We're making a lot of money 274 00:13:14,720 --> 00:13:15,000 Speaker 8: from this. 275 00:13:15,240 --> 00:13:16,640 Speaker 2: Hey, I want to get your view on that. The 276 00:13:16,720 --> 00:13:19,240 Speaker 2: RB and Z yesterday they're saying there is a worry 277 00:13:19,280 --> 00:13:21,960 Speaker 2: that once the economy starts to pick up, that businesses 278 00:13:21,960 --> 00:13:24,560 Speaker 2: will start hiking prices because you know, they've been holding 279 00:13:24,600 --> 00:13:27,040 Speaker 2: off because demand's been subdued, right, so you can't hike 280 00:13:27,080 --> 00:13:28,960 Speaker 2: your prices. And then as soon as we've got a 281 00:13:28,960 --> 00:13:32,040 Speaker 2: bit of money in our pockets, they start hiking, that's inflationary. 282 00:13:32,080 --> 00:13:33,280 Speaker 2: Do you think that's going to happen. 283 00:13:35,800 --> 00:13:36,360 Speaker 8: I don't know. 284 00:13:36,720 --> 00:13:37,160 Speaker 2: I wouldn't. 285 00:13:37,160 --> 00:13:39,679 Speaker 8: I wouldn't say it's the biggest issue, and I wouldn't 286 00:13:39,679 --> 00:13:43,959 Speaker 8: say it's going to be like dramatically palpable and inflationary. 287 00:13:44,280 --> 00:13:46,000 Speaker 8: I think in the end, you know, I've had the 288 00:13:46,080 --> 00:13:50,480 Speaker 8: view appreciated. It's pop PEPs, a business and political view 289 00:13:50,640 --> 00:13:53,079 Speaker 8: rather than a strictly economic one. That you've got to 290 00:13:53,080 --> 00:13:55,040 Speaker 8: pick your poison. You know what would you rather have 291 00:13:55,200 --> 00:13:57,400 Speaker 8: lower interest rates a bit of inflation? I think in 292 00:13:57,480 --> 00:14:00,640 Speaker 8: this economy, nine out of ten c actually a little 293 00:14:00,640 --> 00:14:02,600 Speaker 8: bit of inflation, albeit you know they've got to try 294 00:14:02,600 --> 00:14:05,360 Speaker 8: and work hard to keep it with in the band. 295 00:14:05,360 --> 00:14:07,880 Speaker 8: I mean, I look at next year and I am 296 00:14:08,200 --> 00:14:11,600 Speaker 8: I think realistically optimist and thinks are going to slowly 297 00:14:11,679 --> 00:14:14,040 Speaker 8: but surely get better. But I think anyone looking for 298 00:14:14,120 --> 00:14:17,400 Speaker 8: the Devana in twenty twenty six is preps misplaced, because 299 00:14:17,720 --> 00:14:19,360 Speaker 8: reality of it is, you know, you just think about 300 00:14:19,400 --> 00:14:21,000 Speaker 8: some of the facts going on. We've got an election. 301 00:14:21,320 --> 00:14:26,320 Speaker 8: Close elections mean people stop spending and making investment decisions 302 00:14:26,360 --> 00:14:29,000 Speaker 8: for a while. I think the stock market looks like 303 00:14:29,040 --> 00:14:31,360 Speaker 8: it's very high. You know, people say to me, who 304 00:14:31,400 --> 00:14:35,080 Speaker 8: know it's basically recessionary in America other than the stock 305 00:14:35,160 --> 00:14:35,760 Speaker 8: market which. 306 00:14:35,640 --> 00:14:36,040 Speaker 2: Is so big. 307 00:14:36,120 --> 00:14:38,560 Speaker 8: So any correction there I think makes a big difference. 308 00:14:38,600 --> 00:14:41,040 Speaker 8: So you know, for heaven, maybe we've got to wait 309 00:14:41,080 --> 00:14:42,120 Speaker 8: till twenty twenty seven. 310 00:14:42,400 --> 00:14:44,760 Speaker 2: Simon always good to get your view. Simon Bridges, All 311 00:14:44,760 --> 00:14:47,160 Speaker 2: con Chamber's CEO time is twenty four minutes after five 312 00:14:47,200 --> 00:14:49,520 Speaker 2: News Talks ZB. I'll tell you what I thought about 313 00:14:49,520 --> 00:14:51,240 Speaker 2: that press conference yesterday. 314 00:14:51,080 --> 00:14:55,120 Speaker 1: The early edition full show podcast on I Radio Power 315 00:14:55,280 --> 00:14:57,640 Speaker 1: by NEWSTALKSB News. 316 00:14:57,560 --> 00:15:00,320 Speaker 2: Talk ZB five twenty seven. So what do we know 317 00:15:00,440 --> 00:15:02,800 Speaker 2: today that we didn't know yesterday after the big show 318 00:15:02,840 --> 00:15:05,680 Speaker 2: from the Reserve Bank. Well, the answer is not much. Really. 319 00:15:06,000 --> 00:15:09,320 Speaker 2: The cut was expected priced in their outlook bit more 320 00:15:09,400 --> 00:15:11,920 Speaker 2: rosy on growth. It looks like this is the end 321 00:15:11,960 --> 00:15:14,120 Speaker 2: of the cycle for cuts. But beyond that it really 322 00:15:14,200 --> 00:15:17,960 Speaker 2: is all guesswork, isn't it. The outlook the central outlook 323 00:15:18,240 --> 00:15:20,800 Speaker 2: was what they call balanced, meaning if we keep our 324 00:15:20,800 --> 00:15:23,760 Speaker 2: wallets closed, that could hurt the outlook, could hurt the economy. 325 00:15:24,240 --> 00:15:27,480 Speaker 2: Higher house prices, export prices, well, they could help it. 326 00:15:28,040 --> 00:15:30,440 Speaker 2: Are we any wiser we put a lot of faith 327 00:15:30,480 --> 00:15:32,200 Speaker 2: in the OCI to get us out of the raft. 328 00:15:32,320 --> 00:15:35,280 Speaker 2: And even though this is despite the fact it hasn't 329 00:15:35,320 --> 00:15:37,520 Speaker 2: actually really worked for us thus far, has it, even 330 00:15:37,560 --> 00:15:40,320 Speaker 2: after six rounds of slashing. At one point in the 331 00:15:40,320 --> 00:15:43,440 Speaker 2: press yesterday the Chief Economist was almost repeating this like 332 00:15:43,520 --> 00:15:46,120 Speaker 2: it was a mantra, as if by saying it over 333 00:15:46,160 --> 00:15:48,720 Speaker 2: and over again he would will it to happen. There 334 00:15:48,720 --> 00:15:51,200 Speaker 2: are two problems here. First, we've heard it all before 335 00:15:51,240 --> 00:15:54,440 Speaker 2: and not seen the results in two, by their own admission, 336 00:15:54,640 --> 00:15:58,040 Speaker 2: the GDP numbers that we've been relying on aren't reliable. 337 00:15:58,800 --> 00:16:01,440 Speaker 2: There's a bunch of season as in the numbers, especially 338 00:16:01,480 --> 00:16:04,600 Speaker 2: for that shocker in June where we apparently went backwards 339 00:16:04,640 --> 00:16:08,000 Speaker 2: almost eight percent. We didn't. The computer's a bit bust 340 00:16:08,240 --> 00:16:12,400 Speaker 2: after COVID hasn't quite caught up. Basically, the good news 341 00:16:13,160 --> 00:16:15,800 Speaker 2: it probably wasn't as bad in that quarter as they 342 00:16:15,840 --> 00:16:18,920 Speaker 2: said it was. The bad news growth the following quarters 343 00:16:19,040 --> 00:16:22,320 Speaker 2: probably wasn't as good as forecast either. So giveth with 344 00:16:22,440 --> 00:16:25,280 Speaker 2: one hand and taketh with another. So we have a 345 00:16:25,320 --> 00:16:29,360 Speaker 2: system we're hoping like hell will still work in this 346 00:16:29,440 --> 00:16:33,240 Speaker 2: new post COVID tariff environment, with sticky inflation and pretty 347 00:16:33,400 --> 00:16:37,800 Speaker 2: lame o growth, and the numbers, well, we can't really 348 00:16:37,840 --> 00:16:40,240 Speaker 2: rely on them, which if you cast you in mind 349 00:16:40,280 --> 00:16:43,600 Speaker 2: back to quarter two, they get blown up by us 350 00:16:43,760 --> 00:16:47,720 Speaker 2: in the media. We're guilty as charge, scaring people into 351 00:16:47,720 --> 00:16:52,400 Speaker 2: closing their wallets again and again, perpetuating the cycle. To 352 00:16:52,440 --> 00:16:54,640 Speaker 2: be fair, there's always been a lag with the ocr 353 00:16:54,720 --> 00:16:58,200 Speaker 2: working its magic and at some point surely will hit 354 00:16:58,280 --> 00:17:01,720 Speaker 2: the g spot again for growth, if for no other 355 00:17:01,760 --> 00:17:04,720 Speaker 2: reason than what goes down must at some point bounce 356 00:17:04,800 --> 00:17:05,320 Speaker 2: back up. 357 00:17:05,840 --> 00:17:06,560 Speaker 1: Ryan Bridge. 358 00:17:06,600 --> 00:17:08,680 Speaker 2: By twenty nine News Talks, there'd be Niicola Willis on 359 00:17:08,720 --> 00:17:11,200 Speaker 2: the show. Before six, we'll get to Mitch McCann's Stateside, 360 00:17:11,240 --> 00:17:14,160 Speaker 2: our reporters around the country and Eden Park. You sick 361 00:17:14,160 --> 00:17:16,000 Speaker 2: of hearing about Eden Park, Well you're going to hear 362 00:17:16,000 --> 00:17:19,000 Speaker 2: more about it today because Nick Sultner has come out 363 00:17:19,080 --> 00:17:22,520 Speaker 2: yesterday spoken to counselors, says their profit is so thin 364 00:17:23,760 --> 00:17:26,840 Speaker 2: that they need concerts. They would basically they would be 365 00:17:26,880 --> 00:17:31,520 Speaker 2: extinct without concerts at Eden Park. The sports is stint 366 00:17:31,520 --> 00:17:33,760 Speaker 2: cutting it. So you'll hear a lot about that in 367 00:17:33,800 --> 00:17:35,800 Speaker 2: the news today, News Talks, they'd be. 368 00:17:44,320 --> 00:17:46,920 Speaker 1: The news you need this morning, and the in depth 369 00:17:46,920 --> 00:17:51,200 Speaker 1: Analysis earlier edition with Ryan Bridge and are the Supercenter 370 00:17:51,480 --> 00:17:54,960 Speaker 1: explore r these accessories and servicing fall than one News 371 00:17:55,000 --> 00:17:55,639 Speaker 1: talks at. 372 00:17:55,520 --> 00:18:05,680 Speaker 2: Me twenty four away from six years talks they'd be 373 00:18:05,800 --> 00:18:08,080 Speaker 2: coming up before six Nicola Willis on the OCI We'll 374 00:18:08,080 --> 00:18:10,280 Speaker 2: go Stateside with Mitch McCann as well. Jeez, not a 375 00:18:10,320 --> 00:18:12,320 Speaker 2: lot of love for Simon Bridges on the text machine 376 00:18:12,320 --> 00:18:14,480 Speaker 2: this morning, coming on saying we should have a cap 377 00:18:14,520 --> 00:18:17,560 Speaker 2: on surcharges, not a ban, which is what the government wants. 378 00:18:18,080 --> 00:18:20,840 Speaker 2: Ryan credit card surch charges. What a load of crack 379 00:18:20,920 --> 00:18:23,879 Speaker 2: from Simon says this text. The focus is in the 380 00:18:23,880 --> 00:18:26,520 Speaker 2: wrong place. The banks need to be tackled. You can't 381 00:18:26,560 --> 00:18:29,600 Speaker 2: tell me that a swipe versus a tap costs the 382 00:18:29,640 --> 00:18:32,440 Speaker 2: banks more than we're doing at one cost more than 383 00:18:32,440 --> 00:18:34,959 Speaker 2: the other to do same machine, same phone line, two 384 00:18:35,040 --> 00:18:39,400 Speaker 2: different costs. I think not honestly, I don't know lots 385 00:18:39,400 --> 00:18:41,600 Speaker 2: of things I don't know. You know, yesterday I was 386 00:18:42,280 --> 00:18:44,160 Speaker 2: walking along the street. This is I don't know why 387 00:18:44,160 --> 00:18:46,960 Speaker 2: I'm telling you the story. It's kind of embarrassing, but 388 00:18:47,040 --> 00:18:48,760 Speaker 2: I was walking down the street. I go for my 389 00:18:48,800 --> 00:18:51,680 Speaker 2: little afternoon walk, and I do have a phone call 390 00:18:51,760 --> 00:18:55,440 Speaker 2: with the producers from the Herald show in the afternoon, 391 00:18:55,440 --> 00:18:58,760 Speaker 2: and I was wandering along and I was on so 392 00:18:58,880 --> 00:19:01,240 Speaker 2: I had my headphones in, you know, my little earbuds, 393 00:19:01,240 --> 00:19:03,480 Speaker 2: and I was taking talking to them on the phone 394 00:19:03,520 --> 00:19:05,520 Speaker 2: but also trying to look at the rundown of what 395 00:19:05,600 --> 00:19:08,200 Speaker 2: was happening on the show tomorrow on my phone. Walk 396 00:19:08,240 --> 00:19:11,919 Speaker 2: straight into a tree. Got a massive lump on this 397 00:19:12,280 --> 00:19:14,639 Speaker 2: top of my head this morning, and the first thing 398 00:19:14,680 --> 00:19:17,720 Speaker 2: I did was stop and go. I was in pain, 399 00:19:18,119 --> 00:19:19,639 Speaker 2: but the first thing I did was stup and go. 400 00:19:19,880 --> 00:19:23,680 Speaker 2: Who's looking? Did anyone see me do that dumb thing? Anyway? 401 00:19:23,760 --> 00:19:27,000 Speaker 2: Now you all know, twenty three away from sex, I 402 00:19:27,080 --> 00:19:30,480 Speaker 2: seem but airheaded this morning. That'll be Whine. Calum is 403 00:19:30,480 --> 00:19:33,760 Speaker 2: with us first from Dunedin. Callum, good morning, yead morning right. 404 00:19:34,119 --> 00:19:37,200 Speaker 2: Maybe the world's most boring live stream is launched from 405 00:19:37,200 --> 00:19:38,639 Speaker 2: an Otago oat farm. 406 00:19:40,400 --> 00:19:42,919 Speaker 9: Yes, it's a twenty four to seven camera that's been 407 00:19:42,960 --> 00:19:47,560 Speaker 9: set up in Whiteside Farm's oat fields and this is 408 00:19:47,600 --> 00:19:51,240 Speaker 9: in the Kluther district. Ryan viewers consuning to watch oats 409 00:19:51,280 --> 00:19:55,479 Speaker 9: grow essentially from germination to grain formation. It's all in 410 00:19:55,560 --> 00:19:59,800 Speaker 9: real time, no edits. The idea comes from Mother brand 411 00:20:00,000 --> 00:20:04,080 Speaker 9: Boring Oats Milk. The founders Morgan Moore, who's his oats, 412 00:20:04,080 --> 00:20:06,080 Speaker 9: have shown for thousands of years there's beauty in the 413 00:20:06,119 --> 00:20:08,359 Speaker 9: mundane and while the rest of the world wants to 414 00:20:08,359 --> 00:20:11,080 Speaker 9: go to space, they are looking to South Otago to 415 00:20:11,119 --> 00:20:14,440 Speaker 9: celebrate the simplicity of the humble oat. She says it's 416 00:20:14,440 --> 00:20:17,159 Speaker 9: a must watch for anyone wanting to find calm and 417 00:20:17,280 --> 00:20:18,480 Speaker 9: watching oats grow. 418 00:20:18,880 --> 00:20:21,000 Speaker 2: Right, what was that? Where do we find it? 419 00:20:22,320 --> 00:20:27,639 Speaker 9: So go to the website Boringmilk dot com or search 420 00:20:27,680 --> 00:20:30,800 Speaker 9: for it on YouTube. Tune in now for a spectacular sunrise. 421 00:20:31,240 --> 00:20:33,280 Speaker 2: Great. How's your weather? 422 00:20:34,040 --> 00:20:37,320 Speaker 9: Scattered rain this morning, clearing to find this afternoon strong 423 00:20:37,359 --> 00:20:39,440 Speaker 9: nor wester again the high twenty seven. 424 00:20:39,359 --> 00:20:42,480 Speaker 2: Nazelon, Thank you, clear, good morning, Good morning. You got 425 00:20:42,480 --> 00:20:44,800 Speaker 2: some mornings ahead of a hot and windy day for Canterbury. 426 00:20:45,080 --> 00:20:47,919 Speaker 10: Yeah, we've got Mitsivus has an Orange wind warning in 427 00:20:47,960 --> 00:20:51,199 Speaker 10: place for severe gale northwesterlies up to one hundred and 428 00:20:51,200 --> 00:20:54,320 Speaker 10: twenty kilometers an hour for the Canterbury high Country and plains. 429 00:20:54,600 --> 00:20:57,399 Speaker 10: That's paired with some very high temperatures here in christ 430 00:20:57,440 --> 00:21:01,119 Speaker 10: Church City. We are expecting a maximum of thirty degrees. This, 431 00:21:01,200 --> 00:21:04,280 Speaker 10: of course comes a month since those strong winds fanned 432 00:21:04,400 --> 00:21:08,159 Speaker 10: fires that ended up causing some serious damage about Kaikoda, 433 00:21:08,240 --> 00:21:12,199 Speaker 10: Hidunui and the Dungy Tata area. Fire and Emergency District 434 00:21:12,200 --> 00:21:15,919 Speaker 10: Commander Rob Hans says any blaze today will be extremely 435 00:21:16,000 --> 00:21:19,760 Speaker 10: difficult to control given these conditions. He says the advice 436 00:21:19,920 --> 00:21:23,080 Speaker 10: is to a not light any fires, but also not 437 00:21:23,480 --> 00:21:25,800 Speaker 10: to to go and cheek anything that may have been 438 00:21:25,920 --> 00:21:28,879 Speaker 10: lit even weeks ago. He's saying that the advice is 439 00:21:28,920 --> 00:21:31,359 Speaker 10: to not light fires in anything more than twenty kilometers 440 00:21:31,359 --> 00:21:34,920 Speaker 10: an hour. Today we're expecting one twenty. Meanwhile, a warning 441 00:21:34,960 --> 00:21:38,280 Speaker 10: for drivers as well. M ZTA says high sighted vehicles, 442 00:21:38,480 --> 00:21:41,600 Speaker 10: towing vehicles and motorcycles may be at risk today. 443 00:21:42,000 --> 00:21:44,680 Speaker 2: All right, clear, thanks for that updates. Someone says, Ryan, 444 00:21:44,760 --> 00:21:47,000 Speaker 2: the swipe is from the banks and it's free. The 445 00:21:47,080 --> 00:21:49,800 Speaker 2: tap this is the surcharges. The tap software is run 446 00:21:49,840 --> 00:21:52,080 Speaker 2: by Visa and they charge quite a bit for it. 447 00:21:52,119 --> 00:21:54,159 Speaker 2: So that's the difference in the price. Let's got a 448 00:21:54,200 --> 00:21:58,960 Speaker 2: Maxim Willings and Max good morning, Good Maris, Yes I 449 00:21:58,960 --> 00:22:02,000 Speaker 2: can hear you. How are you out prospecting for gold 450 00:22:02,040 --> 00:22:03,240 Speaker 2: and hills above Wellington? 451 00:22:03,880 --> 00:22:06,439 Speaker 11: Well, if there's a fortune to be made. I may 452 00:22:06,480 --> 00:22:08,919 Speaker 11: be yeah, maybe a bit of a gold rush in 453 00:22:08,960 --> 00:22:12,280 Speaker 11: the capital. There's a new discovery of gold in land 454 00:22:12,280 --> 00:22:15,720 Speaker 11: across what's known as Long Gully Station. That's a large 455 00:22:15,720 --> 00:22:18,720 Speaker 11: area of hills at the southern tip in near Island 456 00:22:18,800 --> 00:22:21,240 Speaker 11: Bay in Red Rocks. Little secrecy around what has actually 457 00:22:21,240 --> 00:22:23,920 Speaker 11: been cited, how much gold has been found, but there 458 00:22:23,960 --> 00:22:27,080 Speaker 11: is enough excitement that permits are being granted for new sites, 459 00:22:27,320 --> 00:22:30,480 Speaker 11: new companies are being created for so far to spend 460 00:22:30,600 --> 00:22:33,560 Speaker 11: hundreds of thousands of dollars on exploration, it could make 461 00:22:33,840 --> 00:22:36,680 Speaker 11: Steve Watson, who owns Long Gully, very wealthy. He says 462 00:22:36,680 --> 00:22:39,840 Speaker 11: what has been discovered does give him very good confidence. 463 00:22:40,200 --> 00:22:40,840 Speaker 2: There have been. 464 00:22:40,720 --> 00:22:43,600 Speaker 11: Traces of gold in Wellington's hills found for years, but 465 00:22:43,960 --> 00:22:46,960 Speaker 11: this seems a little more tangible. New technology allows for 466 00:22:47,040 --> 00:22:50,240 Speaker 11: mining that's a bit more friendly on the environment. Resources 467 00:22:50,280 --> 00:22:53,680 Speaker 11: Minister Shane Jones says he's very excited and of course 468 00:22:53,720 --> 00:22:55,960 Speaker 11: if it means more drilling, he'll be in regardless. 469 00:22:56,040 --> 00:22:57,880 Speaker 2: To quote the treasure of the Sierra. 470 00:22:57,600 --> 00:23:00,480 Speaker 11: Madre, I think I'll dream about piles of gold getting 471 00:23:00,520 --> 00:23:01,480 Speaker 11: bigger and bigger. 472 00:23:02,640 --> 00:23:04,840 Speaker 2: Do you know what I was reading the strees today? Next? 473 00:23:04,840 --> 00:23:07,879 Speaker 2: I would love nothing more than a mining operation in 474 00:23:07,920 --> 00:23:10,720 Speaker 2: the heart of the socialist capital of New Zealand. 475 00:23:11,800 --> 00:23:14,040 Speaker 11: We have Kiwis living out there as well. Let's knock 476 00:23:14,040 --> 00:23:17,600 Speaker 11: off a few of them as well. How's the weather, 477 00:23:19,000 --> 00:23:21,520 Speaker 11: Drestley all day with strong wind twenty the high. 478 00:23:23,040 --> 00:23:23,320 Speaker 2: Morning. 479 00:23:23,760 --> 00:23:26,359 Speaker 12: Good morning. Now, I just heard you before saying about 480 00:23:26,359 --> 00:23:29,320 Speaker 12: how you were on your phone dumpty doo walking along 481 00:23:29,359 --> 00:23:32,560 Speaker 12: in the afternoon and you smelled into a tree. I'm 482 00:23:32,600 --> 00:23:34,840 Speaker 12: just checking out your for your your injury. 483 00:23:34,960 --> 00:23:38,399 Speaker 2: No it's not. It's not my forehead. If it hit 484 00:23:38,440 --> 00:23:43,439 Speaker 2: the money maker, I'd be very worried. No, I'd be 485 00:23:43,440 --> 00:23:45,760 Speaker 2: out of a job. No, No, it's the top. So 486 00:23:45,880 --> 00:23:49,440 Speaker 2: there was a branch, a low hanging branch, big trees. 487 00:23:49,920 --> 00:23:51,679 Speaker 2: I've walked the street one hundred times. I used to 488 00:23:51,720 --> 00:23:54,760 Speaker 2: live on the street, so I know there are trees there. Anyway, 489 00:23:54,800 --> 00:23:55,680 Speaker 2: I just did a dumb thing. 490 00:23:56,000 --> 00:23:57,320 Speaker 11: Oh and so did anyone? 491 00:23:57,600 --> 00:23:58,040 Speaker 2: Did any want? 492 00:23:58,760 --> 00:24:02,199 Speaker 12: No one that I could see was looking okay, nick 493 00:24:02,280 --> 00:24:04,560 Speaker 12: minute and the curtains through the windows, they go, oh, 494 00:24:04,560 --> 00:24:06,920 Speaker 12: look there's that Ryan Bridge, there's that celebrity. 495 00:24:07,320 --> 00:24:10,560 Speaker 2: Hey, oyster farmers being dealt another blow. 496 00:24:10,800 --> 00:24:13,600 Speaker 12: I feel so sorry for these guys. So look last Wednesday, 497 00:24:13,640 --> 00:24:15,919 Speaker 12: there was a spell. Now this was from what's Elizabeth 498 00:24:15,960 --> 00:24:20,240 Speaker 12: Street overflow point. Now obviously this was the second one 499 00:24:20,280 --> 00:24:22,560 Speaker 12: because we can all remember that other big, big spill 500 00:24:22,960 --> 00:24:26,720 Speaker 12: just three weeks ago. Lynette Done, she's the Mahudangy Oyster 501 00:24:26,760 --> 00:24:30,800 Speaker 12: Farmers Association president. She says, look, all these spills, frequent 502 00:24:30,920 --> 00:24:33,800 Speaker 12: spills this year, they've damaged the reputation. She says that, look, 503 00:24:33,840 --> 00:24:37,160 Speaker 12: the Mahudangy oysters are now associated with sewage, so water 504 00:24:37,240 --> 00:24:39,960 Speaker 12: care is you know, they've said, look, they feel for 505 00:24:40,000 --> 00:24:42,880 Speaker 12: the oyster farmers. What else can they say? Really, they're 506 00:24:42,920 --> 00:24:45,560 Speaker 12: saying that the fifty three millimeters rain that fell that day, 507 00:24:45,640 --> 00:24:48,639 Speaker 12: that was at last Wednesday, and the network upgrades they 508 00:24:48,640 --> 00:24:51,600 Speaker 12: were never intended, you know, to prevent these overflows during 509 00:24:51,640 --> 00:24:54,000 Speaker 12: weather like that. So they've got to just get that 510 00:24:54,480 --> 00:24:57,080 Speaker 12: work going. They said that they're going to accelerate that 511 00:24:57,160 --> 00:24:58,200 Speaker 12: work on that pipeline. 512 00:24:58,200 --> 00:24:59,960 Speaker 2: But how's our weather? Every time? 513 00:25:00,280 --> 00:25:03,040 Speaker 12: Okay, cloudy, chance of a shower this morning, HI have twenty. 514 00:25:02,800 --> 00:25:05,480 Speaker 2: Six brilliant Thank you, seventeen to six on News Talk 515 00:25:05,560 --> 00:25:09,359 Speaker 2: CB will go Stateside with Mitch McCann next. Trump's man 516 00:25:09,520 --> 00:25:13,199 Speaker 2: Witkoff has been training Putin on how to flatter Trump. 517 00:25:13,640 --> 00:25:14,840 Speaker 2: He has the story with US. 518 00:25:14,760 --> 00:25:19,560 Speaker 1: Next International Correspondence with endsit Eye Insurance, Peace of Mind 519 00:25:19,600 --> 00:25:21,080 Speaker 1: for New Zealand Business. 520 00:25:21,600 --> 00:25:24,200 Speaker 2: Fourteen to six new talks they've been Nikola Willis next, first, 521 00:25:24,200 --> 00:25:26,280 Speaker 2: Mitch mccannon State side for US Morning. 522 00:25:26,040 --> 00:25:27,080 Speaker 4: Mitch, Good morning, Ryan. 523 00:25:27,160 --> 00:25:29,400 Speaker 2: So it turns out you shouldn't really coach the opposition 524 00:25:29,480 --> 00:25:32,679 Speaker 2: on the boss's tactics, should you. Well, there's plenty of 525 00:25:32,680 --> 00:25:35,399 Speaker 2: people saying that, But Donald Trump doesn't seem phased. 526 00:25:35,440 --> 00:25:35,680 Speaker 8: Ryan. 527 00:25:35,760 --> 00:25:38,240 Speaker 4: This is based on a Bloomberg report which shows that 528 00:25:38,280 --> 00:25:41,879 Speaker 4: Donald Trump's chief negotiator or peace on voice, Steve Witkoff, 529 00:25:42,680 --> 00:25:47,120 Speaker 4: really essentially coaching a Russian official how Vladimir Putin should 530 00:25:47,160 --> 00:25:50,280 Speaker 4: talk to Donald Trump about a Ukrainian peace plan. He 531 00:25:50,320 --> 00:25:53,440 Speaker 4: says that he should call him the president of peace, 532 00:25:53,480 --> 00:25:56,720 Speaker 4: he should praise his Gaza peace plan. And lawmakers in 533 00:25:56,920 --> 00:25:59,800 Speaker 4: Washington have blasted this call. One has said that Wick 534 00:25:59,800 --> 00:26:03,040 Speaker 4: coof fully favors the Russians. Another said it's a major 535 00:26:03,080 --> 00:26:05,879 Speaker 4: problem and it's why these secret meetings need to stop 536 00:26:06,320 --> 00:26:08,720 Speaker 4: Donald Trump. As I mentioned, though, Ryan isn't fased. He 537 00:26:08,760 --> 00:26:11,720 Speaker 4: says it sounds like a standard negotiation, and he said, 538 00:26:11,720 --> 00:26:14,879 Speaker 4: I would imagine he's saying the same thing to the Ukrainians. Now, 539 00:26:14,920 --> 00:26:17,600 Speaker 4: this comes at a really important time, and it seems 540 00:26:17,680 --> 00:26:20,760 Speaker 4: the Kremlin is unhappy with this leak. They have said 541 00:26:20,800 --> 00:26:23,800 Speaker 4: it's intended to disrupt peace talks. But we're still waiting 542 00:26:23,840 --> 00:26:26,040 Speaker 4: to see if the Russians are going to sign on 543 00:26:26,119 --> 00:26:27,800 Speaker 4: to this modified peace deal. 544 00:26:28,119 --> 00:26:31,399 Speaker 2: I suppose it's no great surprise that stroking Trump's the 545 00:26:31,600 --> 00:26:32,880 Speaker 2: ego is the way to his heart. 546 00:26:34,920 --> 00:26:37,120 Speaker 4: No, I have to agree with that. I mean, we've 547 00:26:37,119 --> 00:26:39,879 Speaker 4: seen lawmakers and officials do that every time they've been 548 00:26:39,920 --> 00:26:41,640 Speaker 4: to the White House this year. So I don't think 549 00:26:41,640 --> 00:26:45,040 Speaker 4: he was given any state secrets away Black Friday. 550 00:26:45,119 --> 00:26:48,199 Speaker 2: That obviously it's invented by the Americans, But there's a 551 00:26:48,200 --> 00:26:48,800 Speaker 2: bit of a warrior. 552 00:26:48,880 --> 00:26:49,000 Speaker 3: You know. 553 00:26:49,080 --> 00:26:51,359 Speaker 2: Consumer confidence not that great. How's it looking? 554 00:26:52,320 --> 00:26:52,560 Speaker 8: Yeah? 555 00:26:52,600 --> 00:26:54,240 Speaker 4: Not as good this year. This is, of course, when 556 00:26:54,280 --> 00:26:56,880 Speaker 4: everyone lines up at the front of you know, Target 557 00:26:56,880 --> 00:26:59,280 Speaker 4: and all these big stores to they budge their way 558 00:26:59,320 --> 00:27:02,159 Speaker 4: in when they open. A new Deloitte survey suggests that 559 00:27:02,160 --> 00:27:05,680 Speaker 4: shop has planned to spend four percent less than last year, 560 00:27:05,720 --> 00:27:08,320 Speaker 4: with an average of six hundred dollars. It comes as 561 00:27:08,359 --> 00:27:12,639 Speaker 4: consumer confidence plunges here to a new low ran among 562 00:27:12,720 --> 00:27:14,640 Speaker 4: general concerns about the US economy. 563 00:27:15,000 --> 00:27:17,480 Speaker 2: Have you bought anything yet much? I have? 564 00:27:17,600 --> 00:27:19,640 Speaker 4: I need a new blender. How boring is that? But 565 00:27:19,880 --> 00:27:20,720 Speaker 4: I'm going to get one. 566 00:27:21,000 --> 00:27:23,600 Speaker 2: Yeah, very very boring and get a nutribullet. They do, 567 00:27:23,840 --> 00:27:26,320 Speaker 2: they serve me well as twelve minutes away from six. 568 00:27:26,400 --> 00:27:28,520 Speaker 2: That was much McCann State site for US twelve minutes. 569 00:27:28,640 --> 00:27:30,520 Speaker 2: It's so twelve minutes away from six on news talks 570 00:27:30,720 --> 00:27:33,359 Speaker 2: b Ray and Bridge. So the Reserve Bank cut the 571 00:27:33,359 --> 00:27:36,240 Speaker 2: OCR for the final time this year twenty five basis 572 00:27:36,240 --> 00:27:39,159 Speaker 2: points two point twenty five percent. We were expecting that. 573 00:27:39,320 --> 00:27:41,240 Speaker 2: It says there was a bit of regal room in 574 00:27:41,240 --> 00:27:44,560 Speaker 2: the economy. Obviously, inflation now projected to fall to around 575 00:27:44,600 --> 00:27:47,240 Speaker 2: two percent by mid twenty twenty six. Nikola Willis is 576 00:27:47,280 --> 00:27:49,760 Speaker 2: the Finance Minister with US Live this morning. Good morning minister, 577 00:27:50,480 --> 00:27:54,800 Speaker 2: Good morning Ryan. Did the economy grow this year? Well? 578 00:27:54,880 --> 00:27:57,480 Speaker 13: In the first quarter of the year it grew very 579 00:27:57,480 --> 00:28:01,120 Speaker 13: strongly at about zero point nine percent. We had downturn 580 00:28:01,240 --> 00:28:04,840 Speaker 13: in the second quarter. The Reserve Bank are stated yesterday 581 00:28:04,880 --> 00:28:07,760 Speaker 13: that they think that was statistically understated and will be 582 00:28:07,800 --> 00:28:10,919 Speaker 13: a readjusted at a further update. They think that the 583 00:28:11,000 --> 00:28:14,280 Speaker 13: economy is currently growing and that that grows will strengthen 584 00:28:15,440 --> 00:28:16,320 Speaker 13: into next year. 585 00:28:16,600 --> 00:28:18,960 Speaker 2: So how much do you think we grew this calendar year? 586 00:28:20,400 --> 00:28:23,200 Speaker 13: Well, it's too early to say that. We will get 587 00:28:23,200 --> 00:28:25,760 Speaker 13: the data for the third quarter in a couple of 588 00:28:25,800 --> 00:28:28,440 Speaker 13: weeks and we'll get their data for the December quarter 589 00:28:29,080 --> 00:28:29,880 Speaker 13: early next year. 590 00:28:30,280 --> 00:28:32,240 Speaker 2: Is it annoying that data is so wrong? 591 00:28:33,480 --> 00:28:36,800 Speaker 13: A Look, it is difficult that the data lags, and 592 00:28:37,480 --> 00:28:40,200 Speaker 13: it is the case that stats indeed data has had 593 00:28:40,240 --> 00:28:45,800 Speaker 13: to be updated fairly frequently and adjusted. And look, that's 594 00:28:45,840 --> 00:28:48,600 Speaker 13: the reality of the sets process. We can't do much 595 00:28:48,680 --> 00:28:51,360 Speaker 13: about it. But we do get enough other information that 596 00:28:51,400 --> 00:28:53,920 Speaker 13: we get a sense of where the economy is and 597 00:28:53,960 --> 00:28:56,920 Speaker 13: that's allowed the Reserve Bank to be very confident in 598 00:28:56,960 --> 00:29:00,840 Speaker 13: their forecasts that we're currently growing, that that growth will 599 00:29:00,840 --> 00:29:03,760 Speaker 13: strengthen next year, and that inflation will be coming down next. 600 00:29:03,720 --> 00:29:06,680 Speaker 2: Year, which is good and that sounds great, but we 601 00:29:06,800 --> 00:29:10,040 Speaker 2: have heard this story before. Our big problems productivity, isn't 602 00:29:10,080 --> 00:29:12,720 Speaker 2: it that is going to be constraining whatever growth we 603 00:29:12,800 --> 00:29:15,240 Speaker 2: might be getting, and also we don't have immigration to 604 00:29:15,240 --> 00:29:15,800 Speaker 2: prop it up. 605 00:29:16,840 --> 00:29:21,440 Speaker 13: Well, productivity is an issue, but fundamentally, if you haven't 606 00:29:21,480 --> 00:29:24,120 Speaker 13: got your inflation down in an economy and you haven't 607 00:29:24,160 --> 00:29:29,000 Speaker 13: got your interest rates coming down, then those fundamentals mean 608 00:29:29,080 --> 00:29:32,560 Speaker 13: that you won't get our productivity growth. So what we've 609 00:29:32,560 --> 00:29:34,720 Speaker 13: now got in the New Zealand economy is a situation 610 00:29:34,800 --> 00:29:37,400 Speaker 13: where inflation is back in target is set to come 611 00:29:37,440 --> 00:29:39,600 Speaker 13: back down to the middle of the band. That's great 612 00:29:39,800 --> 00:29:42,680 Speaker 13: for growth. We've got interest rates at a low rate, 613 00:29:42,760 --> 00:29:45,240 Speaker 13: which means that you do have more cash pumping through 614 00:29:45,240 --> 00:29:48,120 Speaker 13: the economy. That's great for growth. And now we are 615 00:29:48,160 --> 00:29:51,080 Speaker 13: in a position to be building that future productivity growth. 616 00:29:51,080 --> 00:29:54,160 Speaker 13: And that's where things like replacing the Resource Management Act, 617 00:29:54,480 --> 00:29:58,000 Speaker 13: getting rid of red tape in the Regional Council structures, 618 00:29:58,480 --> 00:30:00,720 Speaker 13: ensuring that we're delivering in for structure for us, that 619 00:30:00,880 --> 00:30:05,560 Speaker 13: lisiting education standards. All of those are about future productivity 620 00:30:05,800 --> 00:30:07,960 Speaker 13: and that's why our government is driving those reforms. 621 00:30:08,080 --> 00:30:10,720 Speaker 2: They said. The reserve bank margins for the banks are healthy, 622 00:30:10,920 --> 00:30:13,560 Speaker 2: room to bring the rates down further. I'm speaking to 623 00:30:13,600 --> 00:30:16,320 Speaker 2: Antonio Watson later this morning. What's the message to her. 624 00:30:17,200 --> 00:30:19,680 Speaker 13: Well, my message to her would be pass it all on. 625 00:30:19,800 --> 00:30:22,360 Speaker 13: You are a member of the New Zealand economy and 626 00:30:22,400 --> 00:30:26,000 Speaker 13: the actions you take have a significant impact on how 627 00:30:26,040 --> 00:30:27,840 Speaker 13: New Zealanders are able to invest and grow. 628 00:30:28,400 --> 00:30:30,760 Speaker 2: Your comments on the Regulatory Standards Bill, was that just 629 00:30:30,800 --> 00:30:33,480 Speaker 2: on the fly or are you seriously thinking you might 630 00:30:33,560 --> 00:30:34,720 Speaker 2: campaign on repealing? 631 00:30:36,400 --> 00:30:39,160 Speaker 13: Well, it's just just to be clear that National has 632 00:30:39,160 --> 00:30:42,760 Speaker 13: its own positions on legislation. We don't just adopt act 633 00:30:42,920 --> 00:30:48,080 Speaker 13: positions as a coalition government. Yes, we do support the 634 00:30:48,240 --> 00:30:51,040 Speaker 13: commitments we've made which meant that we pass that legislation. 635 00:30:52,280 --> 00:30:55,680 Speaker 13: There's still a year at least until the next election, 636 00:30:55,800 --> 00:30:59,160 Speaker 13: and so as good citizens, we need to monitor how 637 00:30:59,200 --> 00:31:03,080 Speaker 13: that legislation operates in practice, whether we think on balance 638 00:31:03,800 --> 00:31:06,240 Speaker 13: that the pros outweigh the cons and then the National 639 00:31:06,280 --> 00:31:09,960 Speaker 13: Party Caucus will take a position on whether we support 640 00:31:10,000 --> 00:31:11,160 Speaker 13: it going into the next colection. 641 00:31:11,400 --> 00:31:14,880 Speaker 2: What's your personal view, we'll look. 642 00:31:15,000 --> 00:31:17,640 Speaker 13: My personal viewer is that we do need to monitor 643 00:31:17,680 --> 00:31:22,440 Speaker 13: it to see whether it adds process or whether in 644 00:31:22,480 --> 00:31:25,960 Speaker 13: fact it's advantageous. And I've got an open mind. 645 00:31:26,120 --> 00:31:28,880 Speaker 2: It looks like just another layer of bureaucracy and it 646 00:31:28,920 --> 00:31:30,840 Speaker 2: doesn't actually do it nothing meaningful. 647 00:31:31,880 --> 00:31:35,640 Speaker 13: Well, the government decided to progress it because fundamentally we 648 00:31:35,760 --> 00:31:38,640 Speaker 13: do want good regulation and that's what the intent of 649 00:31:38,640 --> 00:31:40,960 Speaker 13: the legislation is. We've now got an opportunity of these 650 00:31:41,000 --> 00:31:43,800 Speaker 13: next few months to see what it adds in practice. 651 00:31:44,200 --> 00:31:46,600 Speaker 13: We'll be watching it here Flee and then the National 652 00:31:46,600 --> 00:31:49,280 Speaker 13: Party Caucus will discuss that will take a position going 653 00:31:49,280 --> 00:31:50,360 Speaker 13: into next year's campaign. 654 00:31:50,360 --> 00:31:52,719 Speaker 2: Michael Willis, Finance Minister. Great TV on the show. It 655 00:31:52,760 --> 00:31:55,120 Speaker 2: is eight to six News talksb. 656 00:31:55,840 --> 00:31:58,360 Speaker 1: The first Word on the News of the Day Early 657 00:31:58,560 --> 00:32:02,440 Speaker 1: edition with Ryan bred n r V Super Center, explore 658 00:32:02,560 --> 00:32:05,920 Speaker 1: r v's accessories and servicing all in one news talks. 659 00:32:05,920 --> 00:32:08,040 Speaker 2: There'd be five to six news talks. They'd be Mike 660 00:32:08,160 --> 00:32:09,560 Speaker 2: is here with us now, Good morning, Mike. 661 00:32:09,960 --> 00:32:10,320 Speaker 11: Mate. 662 00:32:10,360 --> 00:32:12,320 Speaker 2: Did you notice in the press conference, Well, you would 663 00:32:12,320 --> 00:32:15,239 Speaker 2: have because I know you're you know you're you're a 664 00:32:15,280 --> 00:32:18,120 Speaker 2: stylish man and you're obviously Bernard Hickey. 665 00:32:18,200 --> 00:32:20,040 Speaker 14: Can I just say from the press conference shirts have 666 00:32:20,120 --> 00:32:22,560 Speaker 14: got to go, well, yeah, Bernard Hickey, if you're going 667 00:32:22,560 --> 00:32:24,920 Speaker 14: to go to a press conference, dress appropriately too and 668 00:32:25,000 --> 00:32:26,680 Speaker 14: keep your questions under nineteen minutes. 669 00:32:27,880 --> 00:32:31,480 Speaker 2: There was that one one particular question that was goodness, 670 00:32:31,520 --> 00:32:34,840 Speaker 2: magnum opus. But they you know, Christian Hawksby and the 671 00:32:34,840 --> 00:32:36,400 Speaker 2: rest of them, do you think that they have like 672 00:32:36,440 --> 00:32:37,880 Speaker 2: a grooming and beauty allowance. 673 00:32:38,160 --> 00:32:39,800 Speaker 14: I'll tell you this, well, if they do. The guy 674 00:32:39,840 --> 00:32:43,320 Speaker 14: on the left, it doesn't use it. The Union, the 675 00:32:43,360 --> 00:32:45,920 Speaker 14: chief economist, but Christian. If you look at his suits 676 00:32:46,120 --> 00:32:49,720 Speaker 14: and very well put together, very very very much, very conservative. Yes, 677 00:32:49,760 --> 00:32:51,960 Speaker 14: but as you would expect from a reserve Bank governor. 678 00:32:52,000 --> 00:32:54,040 Speaker 14: But I think he spends. If you look at the 679 00:32:54,080 --> 00:32:55,160 Speaker 14: cut of his collar. 680 00:32:54,960 --> 00:32:57,440 Speaker 2: On a shirt, I couldn't help but notice. 681 00:32:57,400 --> 00:32:59,800 Speaker 14: That's a that's a high cut collar with and that's 682 00:32:59,800 --> 00:33:03,040 Speaker 14: a specific decision you would make as a consumer of 683 00:33:03,040 --> 00:33:03,400 Speaker 14: the shirt. 684 00:33:03,480 --> 00:33:06,000 Speaker 2: Clearly unlike me, as you've pointed out, he goes to 685 00:33:06,040 --> 00:33:06,720 Speaker 2: the dry cleaner. 686 00:33:06,800 --> 00:33:08,680 Speaker 14: He goes to the dry cleaner. And if you look 687 00:33:08,680 --> 00:33:10,840 Speaker 14: at the cut of his suit and where is collar 688 00:33:10,960 --> 00:33:14,320 Speaker 14: sits on his jacket, that's always a very good indication 689 00:33:14,400 --> 00:33:18,200 Speaker 14: as to whether you're current because the height, the heights 690 00:33:18,200 --> 00:33:21,760 Speaker 14: of the heights of the collar on your jacket varies 691 00:33:21,800 --> 00:33:28,040 Speaker 14: from season to season. Oh god, and so so he's 692 00:33:28,080 --> 00:33:31,120 Speaker 14: he is right at the cutting edge, Yes he is. 693 00:33:31,240 --> 00:33:33,440 Speaker 2: What are you telling us today by wearing a T 694 00:33:33,520 --> 00:33:34,120 Speaker 2: shirt under it? 695 00:33:34,240 --> 00:33:40,120 Speaker 14: A this is this is classic luxury. This is what 696 00:33:40,280 --> 00:33:41,600 Speaker 14: Bernard should aspire. 697 00:33:42,720 --> 00:33:44,840 Speaker 2: I know I do look at Bend and think, Bernard 698 00:33:44,840 --> 00:33:47,280 Speaker 2: bless you get it. Home on do you Reckon? 699 00:33:47,320 --> 00:33:49,160 Speaker 14: He warms himself up for those questions. 700 00:33:49,160 --> 00:33:51,080 Speaker 2: It's like Glenn, have you seen Glen today? 701 00:33:51,640 --> 00:33:55,640 Speaker 14: I try not to just shirt Glen in Hawaii, isn't 702 00:33:55,640 --> 00:33:58,240 Speaker 14: it if they go to the same Hawaiian shirt. 703 00:33:58,280 --> 00:34:02,000 Speaker 2: You're interesting enough, you don't need to do that, is true? Anyway? 704 00:34:02,080 --> 00:34:06,120 Speaker 2: I will have Christian on this morning. Great, excellent, all right, 705 00:34:06,120 --> 00:34:08,040 Speaker 2: looking forward to it. Mike is with you next. Have 706 00:34:08,080 --> 00:34:10,520 Speaker 2: a fantastic Thursday. On News Talks EDB. 707 00:34:14,280 --> 00:34:17,280 Speaker 1: For more from Early Edition with Ryan Bridge. Listen live 708 00:34:17,400 --> 00:34:20,760 Speaker 1: to News Talk SEB from five am weekdays, or follow 709 00:34:20,800 --> 00:34:22,360 Speaker 1: the podcast on iHeartRadio.