1
00:00:02,960 --> 00:00:06,400
Speaker 1: Digging through the spin spence to find the real story.

2
00:00:06,680 --> 00:00:09,719
Speaker 1: Or it's Ryan Bridge on hither duper c Ellen Drive

3
00:00:10,000 --> 00:00:13,240
Speaker 1: with one New Zealand. Let's get connected and news talks.

4
00:00:13,240 --> 00:00:16,280
Speaker 2: That'd be good afternoon seven after four. Welcome to your Monday,

5
00:00:16,360 --> 00:00:19,640
Speaker 2: Judith Collins on this new defense plan she's launched this afternoon.

6
00:00:19,640 --> 00:00:21,520
Speaker 2: We'll have all the details for you. We're also going

7
00:00:21,560 --> 00:00:23,759
Speaker 2: to talk to shares this Do you really need to

8
00:00:23,760 --> 00:00:27,440
Speaker 2: be freaking out about your portfolio right now? A few

9
00:00:27,480 --> 00:00:29,640
Speaker 2: words of wisdom from me after five on that too,

10
00:00:29,760 --> 00:00:31,800
Speaker 2: not that you need them. Also, we're going to talk

11
00:00:31,800 --> 00:00:35,919
Speaker 2: about the twenty eight thousand households in New Zealand who

12
00:00:36,000 --> 00:00:40,080
Speaker 2: are yet to take down their fire hazard bathroom. Peters

13
00:00:40,720 --> 00:00:42,800
Speaker 2: if I've seen a photo of these today and they

14
00:00:42,840 --> 00:00:44,640
Speaker 2: look very common to me. I've seen one in a

15
00:00:44,720 --> 00:00:47,200
Speaker 2: friend's bathroom. So anyway, we'll talk about that after five o'clock.

16
00:00:47,520 --> 00:00:50,200
Speaker 2: Tritiusen and Josie Pegani are on the huddle.

17
00:00:49,960 --> 00:00:52,800
Speaker 3: Today, Ryan Bridge, Well.

18
00:00:52,560 --> 00:00:55,200
Speaker 2: They had no choice, really did they. But the Defense

19
00:00:55,320 --> 00:00:58,440
Speaker 2: Plan confirms this afternoon that the government wants to spend

20
00:00:58,520 --> 00:01:02,480
Speaker 2: two percent of GDP defending the country. We like to

21
00:01:02,480 --> 00:01:04,800
Speaker 2: think of ourselves as quite a safe little haven at

22
00:01:04,840 --> 00:01:06,160
Speaker 2: the bottom of the world. And in a lot of

23
00:01:06,160 --> 00:01:09,040
Speaker 2: ways we are. We don't have the migrant crises facing

24
00:01:09,040 --> 00:01:11,240
Speaker 2: the border countries right now. In a lot of ways

25
00:01:11,280 --> 00:01:14,800
Speaker 2: we're not. We're isolated. We're a long way from harm,

26
00:01:14,880 --> 00:01:17,560
Speaker 2: but we're also a long way to send help too.

27
00:01:17,760 --> 00:01:20,399
Speaker 2: We're surrounded by the ocean. Yet we only have nine

28
00:01:20,800 --> 00:01:24,800
Speaker 2: navy ships. Remember we just sunk one, and Judith Collins

29
00:01:24,840 --> 00:01:27,920
Speaker 2: told me on Friday a third of the rest of

30
00:01:27,959 --> 00:01:30,880
Speaker 2: them can't operate because we don't have enough sailors to

31
00:01:30,920 --> 00:01:34,080
Speaker 2: crewe them. We barely have an air force. Helen Clark

32
00:01:34,160 --> 00:01:37,440
Speaker 2: sold our air hawks. Plus the Chinese are coming at

33
00:01:37,480 --> 00:01:42,319
Speaker 2: some point, maybe not here exactly, but then something happens

34
00:01:42,319 --> 00:01:44,240
Speaker 2: with China in the future. It's likely to be in

35
00:01:44,240 --> 00:01:48,400
Speaker 2: the Pacific Taiwan anyone. We had a former defense official

36
00:01:48,440 --> 00:01:50,520
Speaker 2: from Australia on the show a couple of weeks back.

37
00:01:50,800 --> 00:01:53,640
Speaker 2: He said, there, of course got blueprints to do this

38
00:01:53,680 --> 00:01:57,640
Speaker 2: to Taiwan. It could happen within years, not decades. Who

39
00:01:57,680 --> 00:01:59,960
Speaker 2: really knows. We've got war in Europe for the first

40
00:02:00,080 --> 00:02:01,800
Speaker 2: time since World War Two. Who would have thought that

41
00:02:01,840 --> 00:02:05,040
Speaker 2: Putin was going to annex Ukraine until a few days

42
00:02:05,080 --> 00:02:09,040
Speaker 2: before it happened. We've already seen the PLA Navy active

43
00:02:09,080 --> 00:02:12,720
Speaker 2: off the coast of Australia. Jetstar has been dodging live

44
00:02:12,840 --> 00:02:17,200
Speaker 2: firing exercises. The ships were sent to send a message,

45
00:02:17,680 --> 00:02:20,600
Speaker 2: and it looks like the message has been received loud

46
00:02:20,639 --> 00:02:23,680
Speaker 2: and clear. Two percent of GDP is the number that

47
00:02:23,800 --> 00:02:26,280
Speaker 2: Washington's been talking about. You can bet it's the same

48
00:02:26,360 --> 00:02:29,560
Speaker 2: number that Rubio mentioned to Winston during their bilateral chat

49
00:02:29,600 --> 00:02:33,239
Speaker 2: the other week. And it's the number that Labor must

50
00:02:33,400 --> 00:02:38,040
Speaker 2: surely now commit to in a bi partnersan show of support.

51
00:02:38,720 --> 00:02:40,840
Speaker 2: It'll take a while, of course, the books are buggered,

52
00:02:40,880 --> 00:02:44,360
Speaker 2: So two percent by twenty thirty two is the aim.

53
00:02:44,680 --> 00:02:47,040
Speaker 2: Should be enough to keep friends and allies off our

54
00:02:47,080 --> 00:02:49,480
Speaker 2: case and make it appear as though we are doing

55
00:02:49,520 --> 00:02:55,240
Speaker 2: our bit. We're getting better strike capabilities, javelin anti tank missiles,

56
00:02:55,360 --> 00:02:59,320
Speaker 2: and new maritime helicopters. None of this is to say

57
00:02:59,400 --> 00:03:02,200
Speaker 2: we'll be able to defend ourselves. Would somebody want to

58
00:03:02,320 --> 00:03:05,360
Speaker 2: come here and own us. None of it is to

59
00:03:05,400 --> 00:03:08,280
Speaker 2: say we'll be able to change the outcome of a war.

60
00:03:09,480 --> 00:03:12,120
Speaker 2: But it is to say that we're serious about defense.

61
00:03:12,840 --> 00:03:17,040
Speaker 2: We need friends to keep our regions safe and sometimes

62
00:03:17,800 --> 00:03:19,960
Speaker 2: friends like to know that you've got skin in the

63
00:03:20,000 --> 00:03:23,760
Speaker 2: game too. Ten after four news talks, there'd be nine

64
00:03:23,840 --> 00:03:27,239
Speaker 2: to nine. Two is the number to text mental health.

65
00:03:27,480 --> 00:03:30,480
Speaker 2: The Mental Health Foundation wants the cops to keep going

66
00:03:30,520 --> 00:03:33,519
Speaker 2: to mental health callouts for a little bit longer. At

67
00:03:33,520 --> 00:03:37,000
Speaker 2: the moment, police are changing their policies in conjunction with

68
00:03:37,080 --> 00:03:41,480
Speaker 2: health officials. The plan is only half working though police

69
00:03:41,520 --> 00:03:44,960
Speaker 2: aren't responding to as many callouts, but no other service

70
00:03:45,040 --> 00:03:47,920
Speaker 2: has yet been set up to replace them, so there's

71
00:03:47,920 --> 00:03:50,440
Speaker 2: a gap. According to the Mental Health Foundation, at least

72
00:03:50,440 --> 00:03:52,840
Speaker 2: Matt Doosey is the Mental Health Minister with me now, Minister,

73
00:03:52,880 --> 00:03:56,240
Speaker 2: good afternoon, afternoon, Ryan, is there a gap.

74
00:03:58,120 --> 00:04:00,640
Speaker 4: At the moment. We've got two things on away and

75
00:04:00,720 --> 00:04:04,240
Speaker 4: quite often they're getting conflated. We've got to shift from

76
00:04:04,360 --> 00:04:08,320
Speaker 4: a police led Triple one response to a multi agency response.

77
00:04:08,720 --> 00:04:11,040
Speaker 4: What that means is that in your time of mental

78
00:04:11,040 --> 00:04:15,080
Speaker 4: health crisis, when you call Triple one, quite often you're

79
00:04:15,120 --> 00:04:19,200
Speaker 4: getting a criminal justice response, not a mental health response.

80
00:04:20,000 --> 00:04:22,640
Speaker 4: And so the government's committed to rolling out more mental

81
00:04:22,640 --> 00:04:26,760
Speaker 4: health coresponse teams. That's a four to five year program

82
00:04:27,360 --> 00:04:30,080
Speaker 4: based on what we saw in the United Kingdom with

83
00:04:30,120 --> 00:04:32,880
Speaker 4: the humber Side model, So we're going to be building

84
00:04:32,920 --> 00:04:36,279
Speaker 4: out those response teams over time. What we also have

85
00:04:37,000 --> 00:04:40,719
Speaker 4: is the Police Mental Health Change Program. These are about

86
00:04:40,839 --> 00:04:45,440
Speaker 4: changes in the emergency department. The first change November last

87
00:04:45,520 --> 00:04:48,640
Speaker 4: year was about streamlining voluntary handovers.

88
00:04:49,400 --> 00:04:51,680
Speaker 2: Machine come up and then I hate to interrupt you.

89
00:04:51,680 --> 00:04:55,000
Speaker 2: I hate to interrupt you, but the question was quite simple.

90
00:04:55,320 --> 00:04:58,000
Speaker 2: Is there a gap between the things that you're describing.

91
00:04:58,120 --> 00:05:02,080
Speaker 2: Is there a gap between what the health officials are

92
00:05:02,120 --> 00:05:04,600
Speaker 2: hoping to respond to and what the police have stopped

93
00:05:04,640 --> 00:05:05,240
Speaker 2: responding to.

94
00:05:06,279 --> 00:05:08,920
Speaker 4: Well, that's why I'm saying Ryan. Quite often those two

95
00:05:08,960 --> 00:05:13,599
Speaker 4: work programs get conflated. With the Police Change program, that

96
00:05:13,760 --> 00:05:17,599
Speaker 4: is about the handing over in emergency departments. That's about

97
00:05:17,839 --> 00:05:21,200
Speaker 4: standard operating procedures that have been worked on. Now the

98
00:05:21,240 --> 00:05:24,800
Speaker 4: response I get when I go into emergency departments, they're

99
00:05:24,839 --> 00:05:28,120
Speaker 4: telling me that the relationship is good. They actually welcome

100
00:05:28,160 --> 00:05:31,320
Speaker 4: the joined up working, clear roles and responsibility.

101
00:05:31,440 --> 00:05:35,200
Speaker 2: So police, I know you want to assure people, but

102
00:05:35,240 --> 00:05:37,920
Speaker 2: you're at the moment you're not making sense. So let's

103
00:05:37,960 --> 00:05:40,320
Speaker 2: just back the train up for a second. So is

104
00:05:40,360 --> 00:05:43,279
Speaker 2: there any work that police are not going to be

105
00:05:43,360 --> 00:05:44,440
Speaker 2: doing that they used to.

106
00:05:45,839 --> 00:05:48,440
Speaker 4: No, well, quite often now when people call Triple one

107
00:05:49,000 --> 00:05:52,520
Speaker 4: for a mental health crisis, sometimes they sadly don't get

108
00:05:52,560 --> 00:05:57,160
Speaker 4: a response. Sometimes they get a police lead response, and

109
00:05:57,200 --> 00:06:01,119
Speaker 4: we've been piloting mental health co response to In years

110
00:06:01,160 --> 00:06:04,320
Speaker 4: to come, we would like to see mental health teams

111
00:06:04,400 --> 00:06:07,719
Speaker 4: go out in that time of urgency, so that will

112
00:06:07,720 --> 00:06:08,440
Speaker 4: be built.

113
00:06:08,200 --> 00:06:11,920
Speaker 2: Out over it. But in the meantime, nothing's changed. Police

114
00:06:11,920 --> 00:06:13,719
Speaker 2: are still doing exactly as they always have.

115
00:06:14,480 --> 00:06:17,320
Speaker 4: Yeah, so police have been very clear if there's a

116
00:06:17,440 --> 00:06:20,479
Speaker 4: risk to the individual or people around them, they will

117
00:06:20,480 --> 00:06:23,440
Speaker 4: be going out. So nothing has changed. But what is

118
00:06:23,480 --> 00:06:26,719
Speaker 4: also happening at the same time and quite often is.

119
00:06:26,720 --> 00:06:29,440
Speaker 2: That only if there's a risk. Has that changed? Was

120
00:06:29,480 --> 00:06:31,480
Speaker 2: it only if there's a risk to their life?

121
00:06:32,160 --> 00:06:35,560
Speaker 4: Now police are still going out sadly in New Zealand,

122
00:06:35,760 --> 00:06:38,919
Speaker 4: sometimes people call Triple one and don't get a response.

123
00:06:39,320 --> 00:06:42,479
Speaker 4: So that's why we're building out that long term program

124
00:06:42,720 --> 00:06:45,200
Speaker 4: where it gets conflated, and this is my point RNE

125
00:06:46,000 --> 00:06:49,039
Speaker 4: is there is the Police Mental Health Change Program that

126
00:06:49,200 --> 00:06:53,680
Speaker 4: is about streamlining handovers and emergency departments. Started off in

127
00:06:53,760 --> 00:06:57,559
Speaker 4: November with the voluntary handing over and a few weeks

128
00:06:57,600 --> 00:07:00,599
Speaker 4: time they'll move to a sixty minute handover. That is

129
00:07:00,640 --> 00:07:05,320
Speaker 4: about prioritizing people so when they go into emergency departments.

130
00:07:05,400 --> 00:07:08,320
Speaker 4: Quite often the feedback to me is people with mental

131
00:07:08,320 --> 00:07:11,480
Speaker 4: health issues. So they don't want to sit in emergency

132
00:07:11,520 --> 00:07:15,040
Speaker 4: departments with police officers sitting there with tasers. They want

133
00:07:15,040 --> 00:07:17,760
Speaker 4: a mental health response, and that's what we're working on.

134
00:07:18,920 --> 00:07:21,960
Speaker 2: Right, So what's the Mental Health Foundation on about? Then?

135
00:07:22,080 --> 00:07:24,200
Speaker 2: I think that their wires cross completely, haven't they. I

136
00:07:24,280 --> 00:07:26,040
Speaker 2: mean they're saying there's a gap and you're saying there's

137
00:07:26,040 --> 00:07:28,120
Speaker 2: no gap at all. In fact, police are doing absolutely

138
00:07:28,120 --> 00:07:28,760
Speaker 2: nothing different.

139
00:07:29,920 --> 00:07:32,480
Speaker 4: Yeah, and this is my point. I think at times

140
00:07:32,520 --> 00:07:36,280
Speaker 4: people are getting the two programs conflated. There is a

141
00:07:36,320 --> 00:07:38,960
Speaker 4: need for better mental health response. That's while we're building

142
00:07:39,000 --> 00:07:42,120
Speaker 4: out the co response teams. But the Change program is

143
00:07:42,200 --> 00:07:45,960
Speaker 4: just better streamlining of handovers in the emergency department.

144
00:07:46,080 --> 00:07:48,480
Speaker 2: All right, Minster, appreciate your time. That's Matt Doucer, here's

145
00:07:48,480 --> 00:07:51,880
Speaker 2: the Mental Health Minister. It is fourteen minutes after four

146
00:07:52,040 --> 00:07:55,160
Speaker 2: News Talk SVB. Great to have your company this afternoon.

147
00:07:55,240 --> 00:07:57,520
Speaker 2: We're going to talk sport next, but I would love

148
00:07:57,560 --> 00:08:00,280
Speaker 2: to hear your thoughts on the Defense Capability Plan. I mean,

149
00:08:00,280 --> 00:08:03,280
Speaker 2: we haven't got really Arthur or Marthur of at this point,

150
00:08:03,360 --> 00:08:05,520
Speaker 2: but we will have Judith Collins on after five o'clock

151
00:08:06,120 --> 00:08:07,920
Speaker 2: and we will have a copy in our hot little

152
00:08:07,920 --> 00:08:10,800
Speaker 2: hands shortly. But the top line I suppose for you

153
00:08:10,960 --> 00:08:13,800
Speaker 2: is two percent of GDP on defense by twenty thirty two.

154
00:08:14,360 --> 00:08:16,680
Speaker 2: They're basically saying, yep, we need to up our game.

155
00:08:16,840 --> 00:08:19,160
Speaker 2: And that's a massive investment from a small country like

156
00:08:19,200 --> 00:08:22,280
Speaker 2: New Zealand. I mean, that's doubling what we are currently

157
00:08:22,320 --> 00:08:25,200
Speaker 2: spending on defense. Do you agree or not? News talks

158
00:08:25,200 --> 00:08:28,000
Speaker 2: EB it's the Heather Dupi.

159
00:08:27,840 --> 00:08:29,640
Speaker 3: C Allen Drive Full Show.

160
00:08:29,440 --> 00:08:32,880
Speaker 1: Podcast on Ihard Radio powered by News TALKSB.

161
00:08:33,840 --> 00:08:36,600
Speaker 2: News Talks EB. It is four eighteen. We'll take you

162
00:08:36,640 --> 00:08:38,840
Speaker 2: to Parliament just a second. The Prime Minister is given

163
00:08:38,840 --> 00:08:41,520
Speaker 2: as post cabinet press conference, so we have some comment

164
00:08:41,640 --> 00:08:45,160
Speaker 2: on the defense plan from the government. And the reason

165
00:08:45,200 --> 00:08:47,080
Speaker 2: I say that Labour needs to get on board with

166
00:08:47,120 --> 00:08:51,680
Speaker 2: the Defense plan is because, well, because it goes out

167
00:08:51,720 --> 00:08:54,480
Speaker 2: to twenty thirty two. So you want to hit two

168
00:08:54,520 --> 00:08:56,839
Speaker 2: percent of GDP by twenty thirty two, Well, the government

169
00:08:56,880 --> 00:08:58,559
Speaker 2: can't budget out that far. I mean they only do

170
00:08:58,679 --> 00:09:02,480
Speaker 2: the next three four years, right so or in the

171
00:09:02,520 --> 00:09:06,000
Speaker 2: forecast period. So for it to be meaningful, then you

172
00:09:06,000 --> 00:09:08,640
Speaker 2: would need your opposition to say, yeah, we're on board

173
00:09:08,640 --> 00:09:10,640
Speaker 2: with that too, let's all go ahead with it. So anyway,

174
00:09:11,040 --> 00:09:12,680
Speaker 2: we'll look at that a little later in the program.

175
00:09:12,840 --> 00:09:16,439
Speaker 2: Right now, it is eighteen after four ra Impreciation planes

176
00:09:16,480 --> 00:09:18,880
Speaker 2: here with sport. Hey Jason, Hello there, Ryan, how are

177
00:09:18,880 --> 00:09:23,319
Speaker 2: you very good? Thank you? Now? Did yesterday's Japan movements

178
00:09:23,440 --> 00:09:26,200
Speaker 2: improve or drop me? In Lawsons? If one stocks? Do

179
00:09:26,240 --> 00:09:26,600
Speaker 2: we think?

180
00:09:26,920 --> 00:09:29,160
Speaker 5: Really good question? Yeah, I'm not sure. Oh, it certainly

181
00:09:29,160 --> 00:09:31,880
Speaker 5: didn't improve them. I don't think he came out with

182
00:09:31,920 --> 00:09:35,160
Speaker 5: an enhanced reputation. He started what thirteenth on the grid

183
00:09:35,200 --> 00:09:39,160
Speaker 5: came seventeenth, although there was a strange decision to change

184
00:09:39,160 --> 00:09:41,640
Speaker 5: to tires with nineteen laps to go, which didn't get

185
00:09:41,720 --> 00:09:45,360
Speaker 5: the result they were after. But he wasn't able to,

186
00:09:45,600 --> 00:09:48,280
Speaker 5: you know, to finish ahead of Yuki Sooda. Sonoda himself

187
00:09:48,280 --> 00:09:50,280
Speaker 5: though of course in the red Bull car wasn't able

188
00:09:50,559 --> 00:09:52,400
Speaker 5: to get it to the points either, And that's what

189
00:09:53,080 --> 00:09:55,719
Speaker 5: one of the rationales for dropping Lawson was. You got

190
00:09:55,760 --> 00:09:57,559
Speaker 5: to finish in the top ten, they said, otherwise you're

191
00:09:57,559 --> 00:09:58,360
Speaker 5: not picking up points.

192
00:09:58,360 --> 00:09:59,800
Speaker 2: Otherwise we can't.

193
00:09:59,559 --> 00:10:03,440
Speaker 5: Win the can Structors Championship. So look, Liam Lawson, he'll

194
00:10:03,520 --> 00:10:06,680
Speaker 5: go to bah Rain, a place where, as I understand it,

195
00:10:06,720 --> 00:10:10,400
Speaker 5: there are more opportunities to pass. So hopefully with this

196
00:10:10,440 --> 00:10:12,840
Speaker 5: one under his belt and the racing bulls car, he'll

197
00:10:12,880 --> 00:10:15,880
Speaker 5: do just that and start to show some improvement over

198
00:10:15,880 --> 00:10:17,240
Speaker 5: the next few events.

199
00:10:17,360 --> 00:10:19,959
Speaker 2: Yeah. I hope so too. Hey, I'm one of Pacifica

200
00:10:20,120 --> 00:10:22,240
Speaker 2: becoming a bit of a super rugby force.

201
00:10:22,679 --> 00:10:24,719
Speaker 5: How good are they going? I guess the Warrortales on

202
00:10:24,760 --> 00:10:26,280
Speaker 5: the weekend, I was doing the radio show in the

203
00:10:26,360 --> 00:10:28,920
Speaker 5: afternoon halftime. When I left at three o'clock, they were

204
00:10:28,960 --> 00:10:30,200
Speaker 5: twenty one seven down.

205
00:10:30,440 --> 00:10:31,120
Speaker 2: I checked back an.

206
00:10:31,040 --> 00:10:34,240
Speaker 5: Hour later they won at forty five twenty eight. Incredible

207
00:10:34,280 --> 00:10:36,160
Speaker 5: stuff from them. Off the back of beating the Crusaders

208
00:10:36,200 --> 00:10:38,640
Speaker 5: and a couple of weeks before that beating the Hurricanes,

209
00:10:38,640 --> 00:10:42,959
Speaker 5: they're on fifteen points, two outside the top six. They

210
00:10:42,960 --> 00:10:45,520
Speaker 5: go to Eden Park on Saturday afternoon to take on

211
00:10:45,559 --> 00:10:47,760
Speaker 5: the Blues. I'll tell you what, Ryan, I reckon there

212
00:10:47,800 --> 00:10:50,760
Speaker 5: might be more cheering for more Wana Pacifica at Eden

213
00:10:50,800 --> 00:10:53,280
Speaker 5: Park on Saturday than there are for the Blues, because

214
00:10:53,280 --> 00:10:55,520
Speaker 5: they're playing a pretty exciting brand of rugby at the moment, I.

215
00:10:55,520 --> 00:10:57,320
Speaker 2: Think you might be right. Hey, I thought of you

216
00:10:57,400 --> 00:10:59,880
Speaker 2: when I saw not because I think you're an aggressive person,

217
00:11:00,160 --> 00:11:02,559
Speaker 2: because I know you're into your football. But watching the

218
00:11:02,600 --> 00:11:06,040
Speaker 2: Auckland FC and the fans going at each other, throwing

219
00:11:06,120 --> 00:11:09,520
Speaker 2: cans of beer and there's kids in the stand, Piney, that.

220
00:11:09,559 --> 00:11:12,559
Speaker 5: Was a shame, wasn't it. Yeah, just as always a

221
00:11:12,600 --> 00:11:15,920
Speaker 5: small minority ruining it and getting the and getting the exposure. Look,

222
00:11:15,920 --> 00:11:18,200
Speaker 5: I don't think it's it's indicative of what happens at

223
00:11:18,240 --> 00:11:22,079
Speaker 5: Auckland FC games. Just yeah, just a couple of morons

224
00:11:22,400 --> 00:11:25,920
Speaker 5: on the weekend. Other than that, eighteen five hundred people

225
00:11:25,920 --> 00:11:27,720
Speaker 5: who were there to enjoy the football. Another great game

226
00:11:27,760 --> 00:11:31,880
Speaker 5: and Auckland f C another undefeated game, but they're stumbling

227
00:11:31,920 --> 00:11:33,920
Speaker 5: a little bit towards the finish line.

228
00:11:34,440 --> 00:11:36,480
Speaker 2: Piney, thanks for your time. That is Jason Pine Sports

229
00:11:36,520 --> 00:11:39,160
Speaker 2: Talk host seven o'clock tonight, news Talks at b and

230
00:11:39,600 --> 00:11:41,920
Speaker 2: the Auckland FC CEO will be with us after five

231
00:11:41,960 --> 00:11:44,960
Speaker 2: point thirty here on news Talk twenty one after four

232
00:11:45,000 --> 00:11:46,439
Speaker 2: Now get to your techs next.

233
00:11:47,600 --> 00:11:51,440
Speaker 1: Getting the facts discarding the fluff. It's Ryan Bridge on

234
00:11:51,559 --> 00:11:55,440
Speaker 1: Hither Duple C Allen Drive with one New Zealand let's

235
00:11:55,440 --> 00:11:56,200
Speaker 1: get connected.

236
00:11:56,400 --> 00:11:58,920
Speaker 2: News talks the B four twenty three the Prime Minister

237
00:11:59,000 --> 00:12:02,440
Speaker 2: speaking about this new twelve billion dollar defense announcement at Parliament.

238
00:12:03,880 --> 00:12:06,920
Speaker 6: Have a listen, he Zelland and our allies and our

239
00:12:06,960 --> 00:12:10,280
Speaker 6: partners across the world are no longer in a benign environment.

240
00:12:10,840 --> 00:12:13,560
Speaker 6: The past few months have reinforced that tectonic shifts are

241
00:12:13,640 --> 00:12:17,880
Speaker 6: unfolding in the global exercise of power, economic leverage and

242
00:12:17,960 --> 00:12:22,000
Speaker 6: also strategic influence. Old assumptions are being upended and rules

243
00:12:22,040 --> 00:12:24,600
Speaker 6: are giving way to power. As I say, and we

244
00:12:24,679 --> 00:12:27,520
Speaker 6: must be clear eyed and recognizing the risk of conflict

245
00:12:27,559 --> 00:12:30,240
Speaker 6: in our wider region has risen and we have to

246
00:12:30,280 --> 00:12:32,679
Speaker 6: do our part internationally and domestically.

247
00:12:33,600 --> 00:12:36,800
Speaker 2: Enhanced strike capabilities. This is the list of major investments

248
00:12:36,800 --> 00:12:38,920
Speaker 2: for twenty twenty five through twenty twenty eight, and we'll

249
00:12:38,920 --> 00:12:41,000
Speaker 2: have Judith Collins on after five to make it more

250
00:12:41,040 --> 00:12:46,680
Speaker 2: sense of it. Enhanced strike capabilities, frigate sustainment program, there'll

251
00:12:46,720 --> 00:12:49,840
Speaker 2: be a Javelin anti tank missile upgrade and I know

252
00:12:49,920 --> 00:12:53,560
Speaker 2: those are most needed. A network enabled army, whatever that means.

253
00:12:53,559 --> 00:12:57,880
Speaker 2: We'll ask the Minister A long range remotely piloted aircraft

254
00:12:58,120 --> 00:13:01,280
Speaker 2: which is great. They'll replace the Boy seven five seven fleet,

255
00:13:01,320 --> 00:13:03,280
Speaker 2: so that means the Prime Minister will no longer be

256
00:13:03,320 --> 00:13:08,360
Speaker 2: embarrassed on international missions, trade missions. There'll be space capabilities.

257
00:13:08,559 --> 00:13:11,400
Speaker 2: I'm sure Judith will be most excited by that. So

258
00:13:11,760 --> 00:13:18,280
Speaker 2: a future Devenport naval base design. I nearly had you.

259
00:13:18,280 --> 00:13:20,160
Speaker 2: You thought you were getting a whole brand, spanking new

260
00:13:20,240 --> 00:13:23,000
Speaker 2: naval base for all in that within the twelve billion

261
00:13:23,040 --> 00:13:26,240
Speaker 2: dollar envelope. I don't think I don't think so. Ryan

262
00:13:26,360 --> 00:13:29,400
Speaker 2: is an ex Navy seaman. I never felt safe knowing

263
00:13:29,520 --> 00:13:32,200
Speaker 2: we had no fighter jets capable of providing air support

264
00:13:32,240 --> 00:13:34,840
Speaker 2: around our coasts. Any of our ships would be sitting

265
00:13:34,920 --> 00:13:37,400
Speaker 2: ducks to any superior naval ships in our area. I

266
00:13:37,440 --> 00:13:40,400
Speaker 2: hope that gets addressed, says Larry. Larry, we will find

267
00:13:40,440 --> 00:13:43,400
Speaker 2: out for you. After five, Ryan, you've hit the nail

268
00:13:43,440 --> 00:13:45,280
Speaker 2: on the head. We need to pull our weight. If

269
00:13:45,320 --> 00:13:47,800
Speaker 2: the region is under threat and we expect friends to

270
00:13:47,880 --> 00:13:50,800
Speaker 2: help us, then those friends will be expecting us to

271
00:13:50,880 --> 00:13:54,480
Speaker 2: help them in their time of need as well, says Michael. Michael,

272
00:13:54,520 --> 00:14:00,560
Speaker 2: thank you for that. Ryan. Read the official Defence Force

273
00:14:00,640 --> 00:14:04,640
Speaker 2: report on their failures after Gabrielle. This is cyclone Gabrielle

274
00:14:05,200 --> 00:14:08,240
Speaker 2: hit Hawk's Bay. We need to act urgently. There will

275
00:14:08,280 --> 00:14:11,839
Speaker 2: be many more cyclones in our changing climatic conditions. Jan

276
00:14:11,960 --> 00:14:14,720
Speaker 2: you are right, and interestingly I was reading, just for

277
00:14:14,800 --> 00:14:20,080
Speaker 2: my sins, the Green Party's defense policy on their website today,

278
00:14:20,720 --> 00:14:22,800
Speaker 2: and they want to do a whole bunch of things

279
00:14:22,520 --> 00:14:24,960
Speaker 2: with well, actually they don't want to do much with defense,

280
00:14:25,000 --> 00:14:27,920
Speaker 2: as you can imagine, rip some funding out here and there.

281
00:14:28,640 --> 00:14:33,200
Speaker 2: There was a lot of devolving to civilian operations, which

282
00:14:33,200 --> 00:14:35,640
Speaker 2: you won't like the sound off. But one thing they

283
00:14:35,680 --> 00:14:38,760
Speaker 2: did talk about a lot was the climate and the

284
00:14:38,800 --> 00:14:41,160
Speaker 2: weather events and the fact that it's our defense force

285
00:14:41,240 --> 00:14:43,080
Speaker 2: oftentimes will be on the front line, not just in

286
00:14:43,160 --> 00:14:44,960
Speaker 2: New Zella, but in the Pacific, and so we need

287
00:14:45,000 --> 00:14:46,960
Speaker 2: to make sure that they're ready and prepared for that,

288
00:14:47,160 --> 00:14:50,320
Speaker 2: which is actually true also so they're not all wrong.

289
00:14:50,760 --> 00:14:52,600
Speaker 2: Twenty six minutes after for news.

290
00:14:52,360 --> 00:14:54,040
Speaker 3: Talks, he'd be Brian Bridge.

291
00:14:54,720 --> 00:14:56,440
Speaker 2: So we got very little out of Matt Doocy. I

292
00:14:56,440 --> 00:15:00,320
Speaker 2: wonder what your experience is worth going into a agency

293
00:15:00,400 --> 00:15:03,560
Speaker 2: department with a mental health problem. Do you get the

294
00:15:03,560 --> 00:15:05,600
Speaker 2: help that you need? Would you prefer it was a

295
00:15:05,640 --> 00:15:08,840
Speaker 2: mental health person or police or I guess whoever's there.

296
00:15:08,880 --> 00:15:12,200
Speaker 2: First news talks he'd beat will be to our international

297
00:15:12,240 --> 00:15:14,480
Speaker 2: correspondent after news.

298
00:15:14,640 --> 00:15:23,120
Speaker 7: Bad ever after said to find out good or after

299
00:15:23,360 --> 00:15:29,160
Speaker 7: forget ever after all this time.

300
00:15:30,600 --> 00:15:33,480
Speaker 1: Pudding the challenging questions to the people. At the heart

301
00:15:33,560 --> 00:15:36,360
Speaker 1: of the story, it's Ryan Bridge on hither du for

302
00:15:36,480 --> 00:15:40,560
Speaker 1: Selan Drive with one New Zealand, let's get connected.

303
00:15:40,680 --> 00:15:56,440
Speaker 3: News talks he'd be.

304
00:15:52,640 --> 00:15:55,120
Speaker 2: Get afternoon twenty five away from five, who's talks? It'd

305
00:15:55,120 --> 00:15:57,760
Speaker 2: be a couple of bad polls for Dutton over in Australia.

306
00:15:57,840 --> 00:15:59,320
Speaker 2: Of course, they're heading to the polls in a few

307
00:15:59,360 --> 00:16:01,400
Speaker 2: weeks time. We get to Oli Pederson out of Perth

308
00:16:01,440 --> 00:16:03,840
Speaker 2: shortly on that, plus we'll get to Judith on the

309
00:16:03,880 --> 00:16:04,480
Speaker 2: defense plan.

310
00:16:04,560 --> 00:16:09,320
Speaker 1: After five, it's the world wires on Newstalks EDB Drive.

311
00:16:09,560 --> 00:16:11,920
Speaker 2: The EU is meeting tonight to decide what they'll do

312
00:16:11,920 --> 00:16:15,440
Speaker 2: about Trump's twenty five percent tariff, Right Trump. Meanwhile, he's

313
00:16:15,440 --> 00:16:17,560
Speaker 2: on Air Force one. He says they're going pretty well,

314
00:16:17,560 --> 00:16:18,320
Speaker 2: thank you very much.

315
00:16:18,480 --> 00:16:22,560
Speaker 1: In Detroit and Michigan, which I won because of what

316
00:16:22,680 --> 00:16:23,040
Speaker 1: I said.

317
00:16:23,160 --> 00:16:26,400
Speaker 2: What I'm telling you. Car companies just starting.

318
00:16:26,080 --> 00:16:27,640
Speaker 8: To open up in Indiana.

319
00:16:27,720 --> 00:16:31,680
Speaker 5: A big one is under construction as an example, Honda,

320
00:16:32,240 --> 00:16:36,360
Speaker 5: but they're moving in like nobody has ever.

321
00:16:36,160 --> 00:16:37,040
Speaker 3: Seen this before.

322
00:16:37,600 --> 00:16:40,920
Speaker 2: That Honda factory in Indiana the president's talking about was

323
00:16:40,960 --> 00:16:43,840
Speaker 2: actually built back in two thousand and eight, so we're

324
00:16:43,840 --> 00:16:47,160
Speaker 2: assuming he's confused it for a different one. Australian Opposition

325
00:16:47,200 --> 00:16:50,360
Speaker 2: leader Peter Dutton has abandoned plans to force government workers

326
00:16:50,600 --> 00:16:52,520
Speaker 2: back into the office if he wins the election. He's

327
00:16:52,560 --> 00:16:54,800
Speaker 2: also clarified that a planned reduction in the size of

328
00:16:54,800 --> 00:16:56,880
Speaker 2: the public service will be done for a hiring free

329
00:16:56,880 --> 00:16:58,120
Speaker 2: his not redundancies.

330
00:16:58,120 --> 00:17:00,640
Speaker 9: Here he is I've apologized for this decision that we

331
00:17:00,680 --> 00:17:03,840
Speaker 9: took in relation to work from home. It only applied

332
00:17:03,840 --> 00:17:07,120
Speaker 9: to Canberra labors run this scare campaign and I think

333
00:17:07,160 --> 00:17:10,280
Speaker 9: we bring it into that today and we strongly support

334
00:17:10,320 --> 00:17:12,679
Speaker 9: flexible workplace relate arrangements.

335
00:17:13,040 --> 00:17:15,960
Speaker 2: Goodness me more with Oli on that shortly, of course.

336
00:17:16,000 --> 00:17:19,479
Speaker 2: And finally, a happy couple in Philadelphia have become first

337
00:17:19,560 --> 00:17:23,000
Speaker 2: time parents, despite both of them being in their nineties.

338
00:17:23,840 --> 00:17:27,919
Speaker 2: Mama and Abrazo are Galapagos tortoises. They live at the

339
00:17:27,960 --> 00:17:31,000
Speaker 2: Philadelphia Zoo. They are both almost one hundred years old,

340
00:17:31,040 --> 00:17:33,760
Speaker 2: and they hatched four babies last week. A worker at

341
00:17:34,119 --> 00:17:36,920
Speaker 2: a Zoo says the baby tortoises are just adorable. Arge

342
00:17:36,920 --> 00:17:39,120
Speaker 2: tortoises here are about the size of a tennis ball

343
00:17:39,200 --> 00:17:41,560
Speaker 2: right now and they bust out of the egg and

344
00:17:41,600 --> 00:17:42,480
Speaker 2: they're just rearing to go.

345
00:17:42,680 --> 00:17:44,000
Speaker 3: So they're doing really great.

346
00:17:44,160 --> 00:17:46,720
Speaker 10: Watching them walk around their habitat is quite possibly the

347
00:17:46,760 --> 00:17:47,280
Speaker 10: cutest thing.

348
00:17:48,000 --> 00:17:51,880
Speaker 1: International correspondence with Ends and Eye Insurance peace of mind

349
00:17:51,920 --> 00:17:53,280
Speaker 1: for New Zealand business.

350
00:17:53,920 --> 00:17:57,280
Speaker 2: How long do they keep going for ants? Like, if

351
00:17:57,320 --> 00:17:59,600
Speaker 2: you're a hundred and you're still cranking them out, I'll

352
00:17:59,640 --> 00:18:01,159
Speaker 2: have to look it up into a lot of tortoise

353
00:18:01,240 --> 00:18:04,240
Speaker 2: babies over a lifetime, isn't it. Olli Peterson's six pound

354
00:18:04,280 --> 00:18:06,800
Speaker 2: pers live presented with us this afternoon. Hey, Ollie, get

355
00:18:06,800 --> 00:18:09,840
Speaker 2: a Ryan. Let's start with the A six bit of

356
00:18:09,840 --> 00:18:11,840
Speaker 2: a blood bath. We love that term bit of a

357
00:18:11,840 --> 00:18:13,760
Speaker 2: blood bath on the AIX.

358
00:18:13,480 --> 00:18:13,800
Speaker 11: Don't we?

359
00:18:14,000 --> 00:18:16,480
Speaker 12: Justin Marcus in our region, just don't go and look

360
00:18:16,480 --> 00:18:19,480
Speaker 12: at your super for the probably the next probably year

361
00:18:19,600 --> 00:18:22,240
Speaker 12: or so to be blunt, because we were down six

362
00:18:22,280 --> 00:18:23,040
Speaker 12: percent at the open.

363
00:18:23,040 --> 00:18:24,240
Speaker 2: Here in Australia, more than.

364
00:18:24,160 --> 00:18:27,480
Speaker 12: Eighty five billion dollars has been wiped off the value

365
00:18:27,520 --> 00:18:29,880
Speaker 12: of Australian shares in that plunge back to about four

366
00:18:29,920 --> 00:18:33,000
Speaker 12: point four percent down today. But obviously this is going

367
00:18:33,040 --> 00:18:36,040
Speaker 12: to point to a smaller economy overall, and that's what

368
00:18:36,040 --> 00:18:39,040
Speaker 12: the Treasury Department in Australia is saying today as a

369
00:18:39,080 --> 00:18:42,560
Speaker 12: result of Donald Trump's tariffs. And this is going to

370
00:18:42,600 --> 00:18:45,720
Speaker 12: have a lasting impact here on not just our nation,

371
00:18:45,840 --> 00:18:49,040
Speaker 12: but obviously all the countries around the world, isn't it. Ryan,

372
00:18:49,080 --> 00:18:51,880
Speaker 12: And we're expecting Treasurer Jim Chalmers says the Reserve Bank

373
00:18:51,960 --> 00:18:55,199
Speaker 12: now to cuts interest rates when it next meets. But

374
00:18:55,320 --> 00:18:57,440
Speaker 12: he can't be making that declaration yet in the middle

375
00:18:57,440 --> 00:18:59,600
Speaker 12: of an election campaign. He's just trying to calm the

376
00:18:59,640 --> 00:19:03,480
Speaker 12: farm as everybody is looking out and wondering just why

377
00:19:03,480 --> 00:19:05,800
Speaker 12: this superannuation doesn't look as good as it did on Friday.

378
00:19:05,920 --> 00:19:07,880
Speaker 2: Yeah, I only got to worry of course, if you're

379
00:19:07,920 --> 00:19:09,840
Speaker 2: retiring in the next couple of years, isn't it, and

380
00:19:09,840 --> 00:19:11,879
Speaker 2: then Ye're not a problem for me? Oh yeah, no,

381
00:19:12,200 --> 00:19:15,960
Speaker 2: certainly not yet. Now, Dustin is the working from home thing.

382
00:19:16,040 --> 00:19:20,359
Speaker 2: It's quite unpopular here, especially if it's bureaucrats doing it.

383
00:19:20,720 --> 00:19:23,239
Speaker 2: Kwi's love to bag on that, to hate on that,

384
00:19:23,520 --> 00:19:26,080
Speaker 2: but over there is it not the same? It is

385
00:19:26,119 --> 00:19:26,440
Speaker 2: to say.

386
00:19:26,880 --> 00:19:29,399
Speaker 12: I think this is the most remarkable backflip and it

387
00:19:29,480 --> 00:19:31,479
Speaker 12: just shows you how much trouble Peter Darton is in

388
00:19:31,520 --> 00:19:34,800
Speaker 12: the election campaign. He has been terrible, to be perfectly

389
00:19:34,800 --> 00:19:37,119
Speaker 12: blunt right. In the first week and a half of

390
00:19:37,119 --> 00:19:39,600
Speaker 12: the election campaign. It seems as though he's been all prepared,

391
00:19:39,640 --> 00:19:41,600
Speaker 12: he's been on the back foot, he's been a few

392
00:19:41,640 --> 00:19:45,080
Speaker 12: stumbles and I actually thought that he had quite a

393
00:19:45,080 --> 00:19:48,800
Speaker 12: lot of support, particularly as you say there amongst a

394
00:19:48,840 --> 00:19:51,520
Speaker 12: lot of Australians who think, well, the public sector workers

395
00:19:51,520 --> 00:19:54,200
Speaker 12: are taking the mickey anyway, get back to work.

396
00:19:54,080 --> 00:19:54,920
Speaker 2: Go to the office.

397
00:19:55,200 --> 00:19:58,520
Speaker 12: But poling would reveal, and this was over the weekend

398
00:19:58,560 --> 00:20:01,320
Speaker 12: from Redbridge, which by the way, labor a line polling group,

399
00:20:01,359 --> 00:20:04,879
Speaker 12: but it did reveal that the Coalition is really struggling

400
00:20:04,920 --> 00:20:08,280
Speaker 12: to hold any female votes, particularly in the outer suburbs,

401
00:20:08,560 --> 00:20:10,560
Speaker 12: and this is the issue they think that's biting. Although

402
00:20:10,600 --> 00:20:13,200
Speaker 12: again it's only about the public sector, as you heard

403
00:20:13,200 --> 00:20:14,720
Speaker 12: in the clip you played in the World Wise, it

404
00:20:14,720 --> 00:20:18,480
Speaker 12: had nothing to do with private enterprise. It has really

405
00:20:18,520 --> 00:20:21,000
Speaker 12: backfired according to the polls, and I think Peter Dart's

406
00:20:21,000 --> 00:20:23,639
Speaker 12: just trying to now be as competitive as possible and

407
00:20:23,760 --> 00:20:25,960
Speaker 12: potentially pick up a couple of seats at the election.

408
00:20:26,000 --> 00:20:27,520
Speaker 12: I know he's still four in a bit weeks away,

409
00:20:27,880 --> 00:20:30,400
Speaker 12: but I think a coalition victory is very unlikely.

410
00:20:30,840 --> 00:20:33,360
Speaker 2: Yeah, you're not the first person who said that to me. Now,

411
00:20:33,440 --> 00:20:37,920
Speaker 2: AI cameras are going to solve congestion, apparently, how so well,

412
00:20:37,960 --> 00:20:39,240
Speaker 2: I mean they can do everything you can't know.

413
00:20:39,240 --> 00:20:41,240
Speaker 12: They can put world title belts on us in pitches,

414
00:20:41,320 --> 00:20:44,680
Speaker 12: and now in South Australia they're rolling out the AI

415
00:20:44,880 --> 00:20:49,200
Speaker 12: cameras to assess how just how congested perhaps a road is.

416
00:20:49,280 --> 00:20:52,359
Speaker 12: Let's just say you're driving north south and I'm driving

417
00:20:52,440 --> 00:20:54,159
Speaker 12: east west, and I'm getting a beautiful run, and you're

418
00:20:54,200 --> 00:20:56,440
Speaker 12: stuck in traffic bump at a bumper for ten minutes.

419
00:20:56,760 --> 00:20:59,679
Speaker 12: The AI cameras will look at the closest intersections and

420
00:20:59,720 --> 00:21:04,040
Speaker 12: it will be able to change those directions of those

421
00:21:04,040 --> 00:21:06,679
Speaker 12: traffic lights for a moment to clear that backlog. Now,

422
00:21:06,720 --> 00:21:08,600
Speaker 12: this is obviously the job that's been done by traffic

423
00:21:08,640 --> 00:21:12,440
Speaker 12: controllers for generations. Now it's going to be artificial intelligence

424
00:21:12,480 --> 00:21:15,240
Speaker 12: dictating when those traffic signals are going to change.

425
00:21:15,280 --> 00:21:16,360
Speaker 3: So, look, it.

426
00:21:16,359 --> 00:21:19,040
Speaker 12: Sounds fancy in theory, practice, it's probably what's already existed

427
00:21:19,080 --> 00:21:22,040
Speaker 12: for a number of years, but AI is involved in Well, good.

428
00:21:22,000 --> 00:21:25,520
Speaker 2: Luck, OLLI thanks for that, Olli Peterson, six PR Perth

429
00:21:25,600 --> 00:21:29,560
Speaker 2: Live presenter. It is twenty to five Ray and Bridge.

430
00:21:29,760 --> 00:21:31,760
Speaker 2: I'm looking at a billboard and it's got the Green

431
00:21:31,840 --> 00:21:34,280
Speaker 2: Party logo on the bottom that you'll be familiar with

432
00:21:34,320 --> 00:21:36,800
Speaker 2: from the last election campaign. It says vote Green with

433
00:21:36,880 --> 00:21:40,000
Speaker 2: their green colors. It's got Chloe Swarbrick with a nice

434
00:21:40,000 --> 00:21:43,679
Speaker 2: smiley face. Are here done nicely and it says defunded

435
00:21:43,720 --> 00:21:46,040
Speaker 2: the police. It's a billboard that's up in Auckland and

436
00:21:46,080 --> 00:21:50,560
Speaker 2: in Wellington. There's another one with Tamotha Pool's face, same words,

437
00:21:50,640 --> 00:21:53,760
Speaker 2: same image, and then there's a different one that says

438
00:21:53,960 --> 00:21:58,480
Speaker 2: woo woo, you know, like from the Cooper Dooper performance

439
00:21:58,480 --> 00:22:03,400
Speaker 2: that Tamotha Pool did. It goes well, we'll defund the police. Obviously,

440
00:22:03,400 --> 00:22:05,080
Speaker 2: these are not being put up by the Green Party.

441
00:22:05,160 --> 00:22:08,880
Speaker 2: They've been put up by the Sensible Sentencing Trust, who's

442
00:22:08,880 --> 00:22:09,800
Speaker 2: trying to make a point.

443
00:22:10,080 --> 00:22:13,159
Speaker 13: One hundred and seventy seven years Ryan Galapagos tortoises and

444
00:22:13,240 --> 00:22:15,480
Speaker 13: captivity can live up to one hundred and seventy seven.

445
00:22:15,600 --> 00:22:18,480
Speaker 2: But do they keep producing well I was going.

446
00:22:18,440 --> 00:22:21,120
Speaker 13: To say, so mommy and a brautzo are like middle aged, right,

447
00:22:21,160 --> 00:22:22,880
Speaker 13: so yeah, they've probably got more kids in them yet.

448
00:22:22,920 --> 00:22:25,520
Speaker 2: But yeah, well that's a long time to be having kids.

449
00:22:25,640 --> 00:22:28,200
Speaker 2: I mean, they can't be. They mustn't have any problems

450
00:22:28,280 --> 00:22:32,280
Speaker 2: with you know, a deficient number in the in the

451
00:22:32,840 --> 00:22:34,679
Speaker 2: in the flock, whatever you call it. What do you

452
00:22:34,720 --> 00:22:35,800
Speaker 2: call a bunch of tortoises?

453
00:22:36,240 --> 00:22:36,840
Speaker 13: Yeah?

454
00:22:36,880 --> 00:22:42,800
Speaker 2: Sorry, gathering too, a gathering of tortoises. I don't know

455
00:22:42,840 --> 00:22:44,720
Speaker 2: what you would call it. Somebody will help us out,

456
00:22:44,960 --> 00:22:47,399
Speaker 2: but yeah, you would think that you would if you have,

457
00:22:47,480 --> 00:22:49,600
Speaker 2: if you were still going at one hundred, you'd have

458
00:22:49,640 --> 00:22:52,159
Speaker 2: a few, wouldn't you. Eighteen to five will get to

459
00:22:52,160 --> 00:22:54,960
Speaker 2: bury Soper next, speaking of having a few.

460
00:22:56,200 --> 00:23:00,400
Speaker 1: Politics with centrics, credit check your customers and get payment certainty.

461
00:23:00,119 --> 00:23:02,280
Speaker 2: News talks there be. It is sixteen away from five.

462
00:23:02,359 --> 00:23:06,080
Speaker 2: Apparently it's a creep of tortoises, is what the collective

463
00:23:06,160 --> 00:23:08,399
Speaker 2: is for a group of tortoises is a creep? So

464
00:23:08,440 --> 00:23:10,120
Speaker 2: do you go? For anyone who was interested?

465
00:23:10,400 --> 00:23:13,479
Speaker 8: It's fairly creepy. One hundred year old having a child anyway,

466
00:23:16,200 --> 00:23:17,000
Speaker 8: the mind boggle.

467
00:23:17,080 --> 00:23:22,000
Speaker 2: I passed no judgment. Hey, you've had exquisite. This defense

468
00:23:22,200 --> 00:23:24,520
Speaker 2: spending plan, it's just come out at four o'clock. Barry,

469
00:23:24,520 --> 00:23:25,000
Speaker 2: what's in it?

470
00:23:25,520 --> 00:23:28,359
Speaker 8: Well, a lot, is the answer. I remember we said

471
00:23:28,840 --> 00:23:31,520
Speaker 8: last week that when it comes out it will be

472
00:23:31,560 --> 00:23:35,080
Speaker 8: a fifteen year plan. Well, this is more short term.

473
00:23:35,119 --> 00:23:37,359
Speaker 8: I mean they're going to be spending over the next

474
00:23:37,359 --> 00:23:40,679
Speaker 8: four years twelve billion dollars and they're going to be

475
00:23:40,720 --> 00:23:46,280
Speaker 8: increasing by two thousand and thirty two defense to GDP.

476
00:23:46,960 --> 00:23:50,359
Speaker 8: It's now one point two percent to two percent, So

477
00:23:50,720 --> 00:23:53,400
Speaker 8: that's the most it's been in a very, very long time.

478
00:23:53,440 --> 00:23:58,400
Speaker 8: They're going to be upgrading Javelin anti tank missiles, They're

479
00:23:58,400 --> 00:24:03,159
Speaker 8: going to have new green helicopters. They're even going to

480
00:24:03,200 --> 00:24:09,159
Speaker 8: replace those seven five sevens the Air Force plans that

481
00:24:09,240 --> 00:24:13,160
Speaker 8: break down when they're taking the Prime Minister and delegations overseas.

482
00:24:13,200 --> 00:24:15,520
Speaker 8: But the point that Judith Columns made about that, and

483
00:24:15,560 --> 00:24:17,320
Speaker 8: I think it's a fear point that a lot of

484
00:24:17,320 --> 00:24:21,080
Speaker 8: people say, oh, that's the Prime Minister's plane, and indeed

485
00:24:21,440 --> 00:24:24,879
Speaker 8: it is when he takes delegations, But sixty percent of

486
00:24:24,920 --> 00:24:30,320
Speaker 8: the time of the seven five sevens is spent transporting troops.

487
00:24:29,960 --> 00:24:32,720
Speaker 2: And what have you around the place. But sometimes you'd

488
00:24:32,760 --> 00:24:34,639
Speaker 2: be on them. Remember Barry on a trade mission, and

489
00:24:34,680 --> 00:24:38,080
Speaker 2: you'd pick up troops who'd been doing a run here

490
00:24:38,240 --> 00:24:40,439
Speaker 2: or whatever, all over the past of the world. Ye,

491
00:24:40,800 --> 00:24:41,720
Speaker 2: well we're all.

492
00:24:41,600 --> 00:24:44,199
Speaker 8: Over the place because you're breaking down so much. You know,

493
00:24:44,280 --> 00:24:46,439
Speaker 8: we did know that. I've got to say, I know

494
00:24:46,480 --> 00:24:50,720
Speaker 8: you're having defense. Minister Judih Collin's on shortly, but essentially

495
00:24:50,800 --> 00:24:55,439
Speaker 8: she says, re equipping the defense doesn't mean it's not

496
00:24:55,560 --> 00:24:58,760
Speaker 8: a must have. Well, it is a must have. It's

497
00:24:58,800 --> 00:25:01,480
Speaker 8: not a need to have here, she is.

498
00:25:01,760 --> 00:25:04,679
Speaker 14: Defense is not something that can be mothballed until we

499
00:25:04,760 --> 00:25:07,280
Speaker 14: need it, because when the chips are down, you need

500
00:25:07,320 --> 00:25:09,439
Speaker 14: to force it is ready and equipped to do whatever

501
00:25:09,640 --> 00:25:12,520
Speaker 14: it is asked of it, and it needs to be

502
00:25:12,600 --> 00:25:16,280
Speaker 14: able to do it immediately. So distance certainly is no

503
00:25:16,359 --> 00:25:20,119
Speaker 14: longer any protection for New Zealand. This plan isn't about

504
00:25:20,160 --> 00:25:22,760
Speaker 14: choosing sides or beating the drums of war. It is

505
00:25:22,800 --> 00:25:26,600
Speaker 14: about supporting our diplomatic efforts to maintain the international rules

506
00:25:26,600 --> 00:25:29,600
Speaker 14: based order that has largely prevailed since World War Two.

507
00:25:30,000 --> 00:25:33,280
Speaker 14: It gets our NZDF out of the intensive care unit

508
00:25:33,480 --> 00:25:36,000
Speaker 14: and not just growing, but growing where we need it

509
00:25:36,040 --> 00:25:36,360
Speaker 14: to go.

510
00:25:37,160 --> 00:25:40,760
Speaker 8: Yeah, and you know, she makes fair points there. So

511
00:25:41,000 --> 00:25:43,359
Speaker 8: it is a big spand the commitment's being made. How

512
00:25:43,400 --> 00:25:46,119
Speaker 8: they're going to pay for it, Well, they are sitting

513
00:25:46,160 --> 00:25:48,280
Speaker 8: on that one until the budget in May.

514
00:25:48,600 --> 00:25:51,520
Speaker 2: Big question that one. Hey, that billboards we mentioned em

515
00:25:51,520 --> 00:25:54,040
Speaker 2: earlier in the show. But the billboards that the Sensible

516
00:25:54,080 --> 00:25:56,680
Speaker 2: Senencing Trust is put up. Yes, how are they going

517
00:25:56,720 --> 00:25:58,200
Speaker 2: down with the Green Well, they look so.

518
00:25:58,440 --> 00:26:01,520
Speaker 8: Legitimate, you know, it looks as though the Greens are

519
00:26:01,560 --> 00:26:05,000
Speaker 8: out there promoting themselves as being anti police, and one

520
00:26:05,040 --> 00:26:07,960
Speaker 8: would have thought if they weren't, they would be making

521
00:26:08,000 --> 00:26:11,120
Speaker 8: a song and dance about these billboards going up. No,

522
00:26:11,560 --> 00:26:15,280
Speaker 8: they're posting it on their social media outlets, so obviously

523
00:26:15,320 --> 00:26:18,680
Speaker 8: they quite like not just the billboards but the message,

524
00:26:19,359 --> 00:26:24,640
Speaker 8: the message that's being spread. But it's interesting. The Attagier

525
00:26:24,720 --> 00:26:29,800
Speaker 8: University law professor Andrew Giddis says that ads like this

526
00:26:30,280 --> 00:26:33,440
Speaker 8: promoting political parties have to be signed off by the

527
00:26:33,440 --> 00:26:36,520
Speaker 8: general secretary of the party. Well these ones haven't. They've

528
00:26:36,560 --> 00:26:41,560
Speaker 8: been signed off with the Sensible Sentencing Trust and it

529
00:26:41,720 --> 00:26:45,440
Speaker 8: can basically breach the Electoral Act. They could be seen

530
00:26:45,480 --> 00:26:47,800
Speaker 8: to be and they could be up for fines. That's

531
00:26:47,840 --> 00:26:51,280
Speaker 8: the Sentencing Trust. But with the Greens being so placid

532
00:26:51,280 --> 00:26:53,159
Speaker 8: about them, I don't think they've got too much to

533
00:26:53,160 --> 00:26:53,600
Speaker 8: worry about.

534
00:26:53,640 --> 00:26:56,680
Speaker 2: It's just roll over sally. The Treaty Sentiments Bill that's

535
00:26:56,720 --> 00:26:58,440
Speaker 2: coming back and going to be burned.

536
00:26:59,040 --> 00:27:02,679
Speaker 8: It'll be back this week and interestingly, the question is

537
00:27:02,680 --> 00:27:05,600
Speaker 8: will it be back tomorrow. Unlikely, I've been told by

538
00:27:05,640 --> 00:27:10,040
Speaker 8: those in the know at Parliament. Unlikely. On Wednesday, Thursday,

539
00:27:10,119 --> 00:27:13,160
Speaker 8: they go for a three week recess. I think you'll

540
00:27:13,200 --> 00:27:17,000
Speaker 8: find it. It'll come back on Thursday, it'll be voted down.

541
00:27:17,640 --> 00:27:20,840
Speaker 8: That'll be the last we hear of it in this form,

542
00:27:20,960 --> 00:27:23,679
Speaker 8: of course, and it'll be interesting to see if we

543
00:27:23,760 --> 00:27:24,280
Speaker 8: have that.

544
00:27:24,640 --> 00:27:28,400
Speaker 2: Hucker well, yes, a good point. Actually we probably will

545
00:27:28,440 --> 00:27:31,040
Speaker 2: see more of that, won't we. Very So I just

546
00:27:31,080 --> 00:27:34,000
Speaker 2: wanted to you know, the billboards yep. So if it's

547
00:27:34,200 --> 00:27:38,080
Speaker 2: if it's somebody else using your image and your party's

548
00:27:38,119 --> 00:27:41,800
Speaker 2: logo and you've got no control over it, that wouldn't

549
00:27:41,920 --> 00:27:43,760
Speaker 2: you couldn't get in trouble for that. The Greens couldn't

550
00:27:43,800 --> 00:27:45,720
Speaker 2: get in trouble for that, right, That would be the

551
00:27:45,760 --> 00:27:46,520
Speaker 2: sensible sentence.

552
00:27:46,800 --> 00:27:50,200
Speaker 8: Absolutely, yeah, So they could be in breach of electoral

553
00:27:50,280 --> 00:27:53,560
Speaker 8: law if the Greens wanted to take a case, but

554
00:27:53,920 --> 00:27:56,240
Speaker 8: given the Greens reaction to it, I don't think any case.

555
00:27:56,240 --> 00:27:58,320
Speaker 2: Well, look they went up one percent in that last pole,

556
00:27:59,400 --> 00:28:01,240
Speaker 2: maybe they're high. I think the same thing keeps having.

557
00:28:01,800 --> 00:28:04,200
Speaker 8: Politics is unbelievable at the moment, isn't it really?

558
00:28:04,760 --> 00:28:08,280
Speaker 2: Ten away from five? Barrrisoper, senior political correspondent at News

559
00:28:08,280 --> 00:28:10,800
Speaker 2: Talk SIB we're back in just a moment.

560
00:28:11,359 --> 00:28:15,640
Speaker 1: Putting the tough questions to the newspeakers, the mic asking breakfast.

561
00:28:15,280 --> 00:28:17,760
Speaker 2: This clime, minister is well, as do you expect to

562
00:28:17,800 --> 00:28:18,960
Speaker 2: see a global recession?

563
00:28:19,000 --> 00:28:20,760
Speaker 6: I think the tariffs and trade wars are going to

564
00:28:20,760 --> 00:28:24,120
Speaker 6: cause huge pressure economically. It'll lead to rising inflation, there'll

565
00:28:24,119 --> 00:28:26,800
Speaker 6: be currency challenges, they'll be slow down in economic growth.

566
00:28:26,840 --> 00:28:28,520
Speaker 6: And that's why we just don't think it's the right thing.

567
00:28:28,600 --> 00:28:30,600
Speaker 6: I mean, it's interesting, Mike, having lived in the US,

568
00:28:30,840 --> 00:28:33,200
Speaker 6: that private sector will slow up big time. It'll stop

569
00:28:33,200 --> 00:28:34,639
Speaker 6: on a dime, and the only loser and all of

570
00:28:34,640 --> 00:28:36,199
Speaker 6: that is going to be the US consumer. It's going

571
00:28:36,240 --> 00:28:37,080
Speaker 6: to be paying a lot more.

572
00:28:37,200 --> 00:28:38,800
Speaker 3: Can you explain his logic?

573
00:28:38,920 --> 00:28:39,000
Speaker 1: No?

574
00:28:39,040 --> 00:28:40,480
Speaker 6: I mean, I just have been a person for a

575
00:28:40,480 --> 00:28:42,720
Speaker 6: long time just doesn't believe that tariff's work all that

576
00:28:42,800 --> 00:28:45,200
Speaker 6: happens as you end up piling on costs to the consumer.

577
00:28:45,280 --> 00:28:47,240
Speaker 6: It's the same reason why we won't retaliate with a

578
00:28:47,320 --> 00:28:49,640
Speaker 6: ten percent to tariff the other way, because Franks just

579
00:28:49,720 --> 00:28:51,080
Speaker 6: hurts his own workers big time.

580
00:28:51,400 --> 00:28:54,160
Speaker 2: Back tomorrow at six am the Mic Hosking Breakfast with

581
00:28:54,200 --> 00:28:56,680
Speaker 2: the Rain Drover of the laugh News Talk ZEDB seven

582
00:28:56,720 --> 00:29:00,000
Speaker 2: away from five News Talk ZEDB. So talking about tariff,

583
00:29:00,320 --> 00:29:03,120
Speaker 2: we do have an exemption, not New Zealand, but a

584
00:29:03,200 --> 00:29:07,520
Speaker 2: specific industry and it's pretty significant to us. So this

585
00:29:07,560 --> 00:29:10,959
Speaker 2: is New Zealand forestry exports. So China gets fifty per

586
00:29:10,960 --> 00:29:14,480
Speaker 2: seven percent of our exports, Australia gets nine percent. Our

587
00:29:14,560 --> 00:29:17,640
Speaker 2: third biggest market is the US it's six percent. That

588
00:29:17,800 --> 00:29:21,640
Speaker 2: is still worth three hundred and sixty old million dollars

589
00:29:21,680 --> 00:29:24,800
Speaker 2: in the last year, so it's not insignificant. We're talking

590
00:29:24,800 --> 00:29:30,040
Speaker 2: about fifteen to eighteen mills exporting timber and lumber to

591
00:29:30,120 --> 00:29:32,480
Speaker 2: the United States from New Zealand. So those are key

592
00:29:32,480 --> 00:29:34,880
Speaker 2: we jobs that we care about and we need three

593
00:29:34,920 --> 00:29:38,560
Speaker 2: on sixty million bucks and fifteen to eighteen mills. So yep,

594
00:29:38,600 --> 00:29:42,920
Speaker 2: it's important. Americans need wood and they're quite short on it,

595
00:29:42,960 --> 00:29:45,360
Speaker 2: and the price has been going up, so they obviously

596
00:29:45,360 --> 00:29:47,680
Speaker 2: need to build houses, they need to make stuff. Price

597
00:29:47,760 --> 00:29:50,960
Speaker 2: is up thirty percent over the past few months. So

598
00:29:51,080 --> 00:29:55,520
Speaker 2: what they did, the builders over in America lobbied Washington.

599
00:29:56,520 --> 00:30:00,360
Speaker 2: They said, look, if you if you include wood and

600
00:30:00,480 --> 00:30:04,239
Speaker 2: lumber and timber and stuff in your tariffs, you're going

601
00:30:04,320 --> 00:30:06,120
Speaker 2: to push the price up even further. You're going to

602
00:30:06,120 --> 00:30:08,440
Speaker 2: weaken our supply chains. We don't want you to do that,

603
00:30:08,600 --> 00:30:10,720
Speaker 2: and so the White House has given them an exemption,

604
00:30:11,040 --> 00:30:13,720
Speaker 2: which is pretty rare to get from the White House.

605
00:30:13,720 --> 00:30:16,880
Speaker 2: They've done some for pharmaceuticals and other things. But one

606
00:30:16,920 --> 00:30:20,600
Speaker 2: of the reasons, you know, the wildfires in Los Angeles.

607
00:30:21,160 --> 00:30:24,600
Speaker 2: Twenty thousand homes they need built and they don't have

608
00:30:24,720 --> 00:30:27,440
Speaker 2: enough timber to do it. So this would have just

609
00:30:27,520 --> 00:30:30,520
Speaker 2: exacerbated the problem. So in a weird kind of a way,

610
00:30:30,640 --> 00:30:33,760
Speaker 2: that has helped the New Zealand forestry exporters who will

611
00:30:33,760 --> 00:30:35,960
Speaker 2: benefit from this. The only concern now is that it's

612
00:30:36,080 --> 00:30:40,320
Speaker 2: just a temporary thing. So while they do an investigation, etc.

613
00:30:40,640 --> 00:30:42,520
Speaker 2: It may just be a temporary fix. But we'll talk

614
00:30:42,560 --> 00:30:44,560
Speaker 2: to the industry about that. After six thirty hero on

615
00:30:44,640 --> 00:30:48,680
Speaker 2: zidb Ryan Bridge also coming up after five o'clock, twenty

616
00:30:48,720 --> 00:30:52,000
Speaker 2: eight thousand of these heaters in New Zealand. And if

617
00:30:52,040 --> 00:30:54,280
Speaker 2: you're one of these twenty eight thousand people, and I

618
00:30:54,320 --> 00:30:56,160
Speaker 2: hope you're not, who have one of these heaters in

619
00:30:56,200 --> 00:30:58,680
Speaker 2: your homes, then you want to tune in after five

620
00:30:58,800 --> 00:31:02,640
Speaker 2: this evening because the Ministry for Business, Innovation and Employment

621
00:31:03,280 --> 00:31:07,360
Speaker 2: urging everyone to check any bathroom heater that they have

622
00:31:08,160 --> 00:31:11,920
Speaker 2: and remove them if they are a particular brand, and

623
00:31:11,960 --> 00:31:13,840
Speaker 2: I'll tell you what that is after five o'clock. We're

624
00:31:13,840 --> 00:31:16,560
Speaker 2: also going to speak to an expert about it. But

625
00:31:16,640 --> 00:31:19,959
Speaker 2: twenty eight thousand people still have these despite warnings. Apparently

626
00:31:20,000 --> 00:31:22,840
Speaker 2: we've been worn plenty of times. I don't have a

627
00:31:22,880 --> 00:31:26,440
Speaker 2: heater in my bathroom at all. Well, it's called the shower,

628
00:31:27,160 --> 00:31:30,280
Speaker 2: isn't it. That's the heater in my bathroom. I don't

629
00:31:30,280 --> 00:31:32,560
Speaker 2: need anything other than that. And after five we'll also

630
00:31:32,600 --> 00:31:36,719
Speaker 2: talk to Judith Collins about the Defense Plan, the Defense

631
00:31:36,720 --> 00:31:41,160
Speaker 2: Capability Plan. We're also going to ask her about the

632
00:31:41,280 --> 00:31:44,160
Speaker 2: lowering of the standards. Did you see that story today?

633
00:31:44,240 --> 00:31:47,760
Speaker 2: So to get into the Defense Force, you used to

634
00:31:47,840 --> 00:31:52,520
Speaker 2: need NCAA level one and or two, and now they

635
00:31:52,560 --> 00:31:55,680
Speaker 2: seem to have quietly scrapped those requirements so that we

636
00:31:55,800 --> 00:31:58,720
Speaker 2: just get bodies into the defense force as opposed to

637
00:31:59,000 --> 00:32:02,160
Speaker 2: bodies who have set level one or two. Whether you

638
00:32:02,200 --> 00:32:03,680
Speaker 2: think this is a good thing or not, I know

639
00:32:03,800 --> 00:32:06,000
Speaker 2: Ron Mark has some pretty strong views on that, and

640
00:32:06,240 --> 00:32:08,840
Speaker 2: he'd be all in favor of the change. Better to

641
00:32:08,840 --> 00:32:11,320
Speaker 2: have people in there, I mean, for goodness sakes, a

642
00:32:11,400 --> 00:32:14,400
Speaker 2: third of our navy boats are sitting empty because we

643
00:32:14,440 --> 00:32:18,000
Speaker 2: don't have the sailors to staff them, to crew them.

644
00:32:18,040 --> 00:32:20,479
Speaker 2: So you've got to do something at some point, don't you. Anyway,

645
00:32:20,520 --> 00:32:23,200
Speaker 2: we will ask Judith Collins about that and today's announcement.

646
00:32:24,320 --> 00:32:26,520
Speaker 2: It's all coming your way after five. You just talk

647
00:32:26,520 --> 00:32:26,840
Speaker 2: to Hibbe.

648
00:32:27,920 --> 00:32:29,800
Speaker 7: Everybody buy.

649
00:32:31,360 --> 00:32:33,720
Speaker 2: Because it's all to the three to the four.

650
00:32:34,200 --> 00:32:36,360
Speaker 11: When this last Carl and he kick us out a

651
00:32:36,480 --> 00:32:38,280
Speaker 11: dime skin kind of lay.

652
00:32:38,280 --> 00:32:39,320
Speaker 2: But the ladies want some.

653
00:32:39,440 --> 00:32:44,880
Speaker 11: Mone Homer, good Lord, tell him drain so trouble.

654
00:32:44,600 --> 00:32:46,640
Speaker 2: To me up a double shadow whistam.

655
00:32:47,160 --> 00:32:49,480
Speaker 11: Then on me and day they have got a hisque.

656
00:32:50,120 --> 00:32:54,720
Speaker 11: There's a part of downtown near fists. Everybody had bucket.

657
00:32:56,040 --> 00:32:57,880
Speaker 11: Trouble to me up a double shadow.

658
00:33:22,560 --> 00:33:28,000
Speaker 1: Questions, answers, facts, analysis, the drive show you trust for

659
00:33:28,120 --> 00:33:31,240
Speaker 1: the full picture, Brian Bridge on Heather dup c Allen

660
00:33:31,360 --> 00:33:33,120
Speaker 1: Drive with one New Zealand.

661
00:33:33,360 --> 00:33:35,080
Speaker 3: Let's get connected. News talks.

662
00:33:35,080 --> 00:33:37,480
Speaker 2: They'd be good evening. It is seven after five news talks.

663
00:33:37,480 --> 00:33:39,440
Speaker 2: There'd be Monday, the seventh of April. Great to have

664
00:33:39,560 --> 00:33:42,720
Speaker 2: your company. It's all about defense tonight. Twelve billion dollars

665
00:33:42,840 --> 00:33:45,320
Speaker 2: is going to be invested invested. It's a record number

666
00:33:45,360 --> 00:33:48,880
Speaker 2: from the government invested into defense over the next four years,

667
00:33:49,000 --> 00:33:51,080
Speaker 2: with a plan to get spending to two percent of

668
00:33:51,200 --> 00:33:54,560
Speaker 2: GDP over the next eight years. It comes after China

669
00:33:54,640 --> 00:33:57,480
Speaker 2: launched an inta ballistic missile in the Pacific last year.

670
00:33:57,960 --> 00:34:01,400
Speaker 2: We had the three highly capable Chinese warship sailing off

671
00:34:01,440 --> 00:34:03,120
Speaker 2: the coast of Sydney a couple of months ago. The

672
00:34:03,240 --> 00:34:06,200
Speaker 2: Defense Minister, Judith Collins has announced issues with me. Now Minister,

673
00:34:06,240 --> 00:34:09,759
Speaker 2: good evening. Well hello Ryan, So break it down for us.

674
00:34:09,840 --> 00:34:12,680
Speaker 2: What is the twelve billion going largely going to be

675
00:34:12,760 --> 00:34:15,280
Speaker 2: spent on or how will it be split between CAPEX

676
00:34:15,280 --> 00:34:17,360
Speaker 2: and OPS and over these four years.

677
00:34:18,040 --> 00:34:21,560
Speaker 14: Yeah, but the nine billion is basically extra money on

678
00:34:21,680 --> 00:34:25,680
Speaker 14: top of what defense normally gets now, and the three

679
00:34:25,920 --> 00:34:29,759
Speaker 14: billion is it's basically it's a form of depreciation that

680
00:34:30,520 --> 00:34:32,920
Speaker 14: defense has to be funded for and that it pays back,

681
00:34:33,000 --> 00:34:35,879
Speaker 14: and it's you know, I don't want to get into

682
00:34:35,920 --> 00:34:39,239
Speaker 14: the boring details of accounting, but basically it's a heck

683
00:34:39,280 --> 00:34:41,600
Speaker 14: of a load of money that defense is getting. So

684
00:34:41,760 --> 00:34:45,160
Speaker 14: we're going to have in the first four years. We've

685
00:34:45,200 --> 00:34:49,279
Speaker 14: got some really big stuff happening around replacing some of

686
00:34:49,360 --> 00:34:53,000
Speaker 14: our platforms and being able to actually get ourselves out there,

687
00:34:53,040 --> 00:34:57,480
Speaker 14: particularly with uncrude equipment. So we a lot of people

688
00:34:57,520 --> 00:35:01,120
Speaker 14: don't realize we have a good and growing industry in

689
00:35:01,160 --> 00:35:05,880
Speaker 14: this country building equipment for uncrewed equipment for other countries

690
00:35:05,960 --> 00:35:08,680
Speaker 14: to use, and what we need to make sure is

691
00:35:08,719 --> 00:35:10,719
Speaker 14: that we're getting a piece of that action as well

692
00:35:11,080 --> 00:35:15,480
Speaker 14: and building our capabilities on that. But the first things

693
00:35:15,520 --> 00:35:19,399
Speaker 14: that we're doing is around the enhanced maritime strike capability.

694
00:35:20,320 --> 00:35:23,960
Speaker 14: I've just talked about the uncrewed surface surveillance as well,

695
00:35:24,760 --> 00:35:30,040
Speaker 14: sorting out and getting replacements for our maritime helicopters, upgrading

696
00:35:30,080 --> 00:35:34,680
Speaker 14: our systems to deal with drones coming in against us,

697
00:35:35,160 --> 00:35:38,840
Speaker 14: but also making sure that we have our New Zealand

698
00:35:38,840 --> 00:35:43,160
Speaker 14: Defense Workforce strategy right and really looking after the bases

699
00:35:43,280 --> 00:35:45,560
Speaker 14: more and the people that live on them. So these

700
00:35:45,600 --> 00:35:46,879
Speaker 14: are some of the things that we're doing.

701
00:35:47,000 --> 00:35:51,520
Speaker 2: Okay, So helicopters will get drones, will we get submersible drones?

702
00:35:51,520 --> 00:35:51,920
Speaker 2: I don't know what.

703
00:35:53,120 --> 00:35:56,880
Speaker 14: We already have one. We already have that, so basically

704
00:35:57,120 --> 00:36:02,480
Speaker 14: uncrewed submarines. So yeah, we've bought that and we'll probably

705
00:36:02,600 --> 00:36:03,399
Speaker 14: get some more of those.

706
00:36:03,640 --> 00:36:04,520
Speaker 2: And when's the sort of.

707
00:36:04,520 --> 00:36:05,040
Speaker 14: Thing we can do.

708
00:36:05,360 --> 00:36:07,680
Speaker 2: And when you say when drones are coming here, we

709
00:36:07,840 --> 00:36:09,799
Speaker 2: need stuff to stop them, it' stuff to shoot them

710
00:36:09,800 --> 00:36:10,520
Speaker 2: out of the sky.

711
00:36:11,840 --> 00:36:14,399
Speaker 14: Something like that. So it's not just coming here, it's

712
00:36:14,600 --> 00:36:17,000
Speaker 14: our people on ships who are dealing with drones coming

713
00:36:17,080 --> 00:36:18,920
Speaker 14: at them too. So we've got to be able to

714
00:36:18,960 --> 00:36:22,480
Speaker 14: have that capability. Now we do actually have that tech

715
00:36:22,560 --> 00:36:27,080
Speaker 14: in the New Zealand. We have some fabulous industry players

716
00:36:27,160 --> 00:36:30,400
Speaker 14: here who at the moment are selling to offshore defense

717
00:36:31,800 --> 00:36:35,480
Speaker 14: forces and we need to be able to help them

718
00:36:35,560 --> 00:36:38,960
Speaker 14: to build their industry but also buy some New Zealand for.

719
00:36:39,600 --> 00:36:43,400
Speaker 2: A change, Buying New Zealand made okay, I mean, and

720
00:36:43,480 --> 00:36:45,719
Speaker 2: it's great stuff. Yeah, and this is all inside the

721
00:36:45,800 --> 00:36:48,239
Speaker 2: next four years. What about recruitment.

722
00:36:49,440 --> 00:36:52,440
Speaker 14: Oh and recruitment too, So obviously we've got the budget

723
00:36:52,480 --> 00:36:56,520
Speaker 14: still coming up, so issues around that are very important.

724
00:36:56,600 --> 00:36:58,920
Speaker 14: So as you know, we had a real problem with

725
00:36:59,080 --> 00:37:03,200
Speaker 14: people leaving, particularly during the COVID years. That has now

726
00:37:03,360 --> 00:37:07,359
Speaker 14: been stemmed. So now this is defenses out there. They

727
00:37:07,480 --> 00:37:10,520
Speaker 14: have people lining up to join them, and that's what

728
00:37:10,680 --> 00:37:15,239
Speaker 14: we want. So they take people who are physically very fit,

729
00:37:15,440 --> 00:37:19,680
Speaker 14: mentally sound, and who can be taught and will take orders.

730
00:37:20,880 --> 00:37:22,840
Speaker 14: So these are the sorts of people there after, and

731
00:37:23,000 --> 00:37:25,239
Speaker 14: that's what they'll be out recruiting as well.

732
00:37:25,960 --> 00:37:27,319
Speaker 2: Where's the money going to come from?

733
00:37:28,320 --> 00:37:31,640
Speaker 14: Wells it comes from the New Zealand taxpayer actually, and

734
00:37:31,760 --> 00:37:33,239
Speaker 14: that's why we need to make sure we do it

735
00:37:33,360 --> 00:37:36,080
Speaker 14: really carefully. So it is a lot of money. But

736
00:37:36,200 --> 00:37:39,440
Speaker 14: I also know this that there is no economic security

737
00:37:39,719 --> 00:37:43,080
Speaker 14: without national security, and New Zealand paying at the moment

738
00:37:43,120 --> 00:37:45,960
Speaker 14: as we do about one point one percent of our

739
00:37:46,040 --> 00:37:50,040
Speaker 14: GDP on defense. We are so far behind like minded countries.

740
00:37:50,360 --> 00:37:52,239
Speaker 14: We need to get to two percent. We're doing that

741
00:37:52,600 --> 00:37:55,640
Speaker 14: under this plan within eight years, that's the plan, and

742
00:37:55,800 --> 00:37:58,360
Speaker 14: we will be back at a percentage of GDP for

743
00:37:58,440 --> 00:38:02,480
Speaker 14: spending in defense where we're in nineteen ninety two. We've

744
00:38:02,520 --> 00:38:06,279
Speaker 14: had thirty five years of just ripping the guts our

745
00:38:06,400 --> 00:38:07,799
Speaker 14: defense and it's got to stop.

746
00:38:08,400 --> 00:38:10,359
Speaker 2: That is Money's going to have to come from somewhere, though,

747
00:38:10,400 --> 00:38:12,480
Speaker 2: isn't it? Is this a question where we've got nickols

748
00:38:12,520 --> 00:38:14,440
Speaker 2: willis on our six. We might leave that one for her.

749
00:38:15,040 --> 00:38:18,520
Speaker 2: Has somebody has somebody asked us, Have one of your

750
00:38:18,600 --> 00:38:21,880
Speaker 2: counterparts asked you that we get to two percent?

751
00:38:23,000 --> 00:38:24,680
Speaker 14: No, they don't need to ask us to do that.

752
00:38:25,000 --> 00:38:28,320
Speaker 14: It is one of those levels of funding that is

753
00:38:28,480 --> 00:38:32,600
Speaker 14: understood is a minimum level that you need to be

754
00:38:33,120 --> 00:38:35,960
Speaker 14: to be able to do the basic things of what

755
00:38:36,080 --> 00:38:39,239
Speaker 14: a defense force should do. So, as you know, we

756
00:38:39,360 --> 00:38:41,600
Speaker 14: have a lot of disaster relief work that we have

757
00:38:41,719 --> 00:38:44,680
Speaker 14: to do with defense, but we also have things, particularly

758
00:38:44,719 --> 00:38:47,800
Speaker 14: in the Pacific and with a big maritime zone around

759
00:38:48,200 --> 00:38:52,480
Speaker 14: illegal and irregular fishing, particularly for our Pacific neighbors. And

760
00:38:52,760 --> 00:38:57,479
Speaker 14: also we have the transnational organized crime, particularly big drug

761
00:38:57,560 --> 00:38:59,640
Speaker 14: busts and things like that that our defense force is

762
00:38:59,680 --> 00:39:03,560
Speaker 14: involved working with police but also with other countries. And

763
00:39:03,680 --> 00:39:05,440
Speaker 14: then there's the other issue that we need to have

764
00:39:05,600 --> 00:39:08,879
Speaker 14: more lethality. We need to actually understand defense is about

765
00:39:08,960 --> 00:39:11,680
Speaker 14: defending and we do need to be able to do that.

766
00:39:11,880 --> 00:39:14,560
Speaker 14: And we all know about our wonderful special forces, but

767
00:39:14,719 --> 00:39:17,880
Speaker 14: actually we've got capability in other areas as well, and

768
00:39:17,960 --> 00:39:19,759
Speaker 14: they need to be backed up. We can't just send

769
00:39:19,840 --> 00:39:21,920
Speaker 14: people off and have nothing to pick them up or

770
00:39:22,040 --> 00:39:24,400
Speaker 14: do anything else. And I say this to people and

771
00:39:24,480 --> 00:39:27,560
Speaker 14: they say really foolish things like why do we need

772
00:39:27,600 --> 00:39:29,719
Speaker 14: to have ships and frigates. But when we're out in

773
00:39:29,760 --> 00:39:34,040
Speaker 14: the Tasman Sea and you've got people who are on

774
00:39:34,120 --> 00:39:36,359
Speaker 14: a kayak in the middle of the sea and they

775
00:39:36,400 --> 00:39:38,279
Speaker 14: need someone to go and save them, well, who do

776
00:39:38,360 --> 00:39:41,279
Speaker 14: we ask we as defense? We need somebody who can

777
00:39:41,440 --> 00:39:43,000
Speaker 14: have they cop to them out of there, getting out

778
00:39:43,040 --> 00:39:44,799
Speaker 14: of the water, or have a ship to put them

779
00:39:44,880 --> 00:39:47,200
Speaker 14: onto or something else. But what we can't do is

780
00:39:47,280 --> 00:39:49,320
Speaker 14: just leave them there and say, oh, well, that's a

781
00:39:49,360 --> 00:39:49,960
Speaker 14: bit of a shame.

782
00:39:50,560 --> 00:39:50,719
Speaker 11: You know.

783
00:39:50,760 --> 00:39:53,600
Speaker 14: It's defending us from weather, from everything else and also

784
00:39:54,040 --> 00:39:56,360
Speaker 14: from people who want to take our resources.

785
00:39:57,280 --> 00:39:59,719
Speaker 2: When you say we need more lethality, are we not

786
00:39:59,800 --> 00:40:03,040
Speaker 2: left fit enough as it is? No, clearly not no, no,

787
00:40:03,200 --> 00:40:03,440
Speaker 2: no no.

788
00:40:03,880 --> 00:40:06,279
Speaker 14: So we we're not getting the strike course back for

789
00:40:06,360 --> 00:40:10,080
Speaker 14: the Air Force because simply we've lost the entire capability

790
00:40:10,200 --> 00:40:12,160
Speaker 14: thanks to Helen Clark and her decision to get rid

791
00:40:12,160 --> 00:40:15,520
Speaker 14: of it back in the when she came to government

792
00:40:16,960 --> 00:40:19,880
Speaker 14: but what we do have is we need some lethal

793
00:40:20,080 --> 00:40:24,320
Speaker 14: components onto our pH A sidons. They are submarine hunters

794
00:40:24,719 --> 00:40:27,480
Speaker 14: and having hunted them, having got the information of them,

795
00:40:27,560 --> 00:40:30,320
Speaker 14: surveillance and everything else they do, they do need to

796
00:40:30,440 --> 00:40:34,759
Speaker 14: have some ability to fight back if someone's going to

797
00:40:34,840 --> 00:40:38,240
Speaker 14: come after them. So you know, this is not Tiddley winks.

798
00:40:38,280 --> 00:40:40,680
Speaker 14: This is really serious things that's going on in the

799
00:40:40,719 --> 00:40:43,719
Speaker 14: world at the moment, and New Zealand cannot stand back

800
00:40:43,800 --> 00:40:45,840
Speaker 14: and say, oh, it's not really our problem. It is

801
00:40:46,000 --> 00:40:49,279
Speaker 14: absolutely our problem, and we have a specific that we

802
00:40:49,400 --> 00:40:53,000
Speaker 14: have an obligation to and we also have an obligation

803
00:40:53,120 --> 00:40:56,279
Speaker 14: to New Zealanders and to our one formal ally, which

804
00:40:56,320 --> 00:40:57,000
Speaker 14: is Australia.

805
00:40:57,640 --> 00:40:59,920
Speaker 2: Will the drones that we're getting be able to strike

806
00:41:00,160 --> 00:41:01,200
Speaker 2: or are they just surveillance.

807
00:41:02,400 --> 00:41:04,160
Speaker 14: Well we've said that we're not doing any of this

808
00:41:04,320 --> 00:41:10,239
Speaker 14: AI AI generated strike capability on drones, and I think

809
00:41:10,280 --> 00:41:13,480
Speaker 14: that is absolutely right. But however, the way that we

810
00:41:14,040 --> 00:41:17,480
Speaker 14: drones are obviously used in Ukraine at the moment, and

811
00:41:17,600 --> 00:41:19,360
Speaker 14: you might find that some of those may have some

812
00:41:19,600 --> 00:41:22,719
Speaker 14: tech from New Zealand, so they do need to be

813
00:41:22,760 --> 00:41:25,120
Speaker 14: able to strike. But the point is you need somebody

814
00:41:25,239 --> 00:41:27,360
Speaker 14: taking responsibility for anything like that, so.

815
00:41:27,480 --> 00:41:29,640
Speaker 2: That'd be fair. We're saying, though someone would be on

816
00:41:29,719 --> 00:41:31,280
Speaker 2: the other end pulling the trigger.

817
00:41:32,040 --> 00:41:35,040
Speaker 14: You can't. We're not that sort of nation that would

818
00:41:35,719 --> 00:41:38,920
Speaker 14: just say or will send that to a software to do. No,

819
00:41:39,160 --> 00:41:39,840
Speaker 14: that's not what we do.

820
00:41:40,239 --> 00:41:43,400
Speaker 2: No, Okay, interesting defense minutes of truth Coins. Really appreciate

821
00:41:43,440 --> 00:41:44,920
Speaker 2: your time. Thanks for coming on the show. It's called

822
00:41:44,960 --> 00:41:48,080
Speaker 2: to past five lots to get through. When we come back,

823
00:41:48,160 --> 00:41:50,200
Speaker 2: we will get to the sheer market. There has been

824
00:41:50,280 --> 00:41:52,640
Speaker 2: more bloodletting, and I'll tell you why I don't like

825
00:41:52,680 --> 00:41:54,480
Speaker 2: that term a little later on in the program too.

826
00:41:54,600 --> 00:41:57,680
Speaker 2: But we'll talk to Chares's next news talks, w'd be

827
00:41:57,760 --> 00:41:59,640
Speaker 2: just gone eighteen minutes half to five. We'll talk to

828
00:41:59,719 --> 00:42:02,800
Speaker 2: the Auckland Ay of the orkand FC boss about the

829
00:42:02,880 --> 00:42:05,239
Speaker 2: fighting at the weekend after five point thirty tonight. Right now,

830
00:42:05,440 --> 00:42:08,400
Speaker 2: the sheer market's taken a big hit. In fact, apparently

831
00:42:08,400 --> 00:42:10,279
Speaker 2: it's been the biggest hit since the beginning of the

832
00:42:10,400 --> 00:42:13,360
Speaker 2: COVID pandemic. Market was down three percent. This is the

833
00:42:13,440 --> 00:42:15,560
Speaker 2: inzetics here in New Zealand, with more than two billion

834
00:42:15,600 --> 00:42:18,759
Speaker 2: dollars wiped off the value. Brook Roberts is the Sharesy's

835
00:42:18,840 --> 00:42:22,160
Speaker 2: co CEO with me tonight. Hi Brook, Hey, how are

836
00:42:22,239 --> 00:42:24,359
Speaker 2: you yeah? Good? We've been told not to touch our

837
00:42:24,400 --> 00:42:27,080
Speaker 2: key we Savers, but I know that Cheesy's investors are

838
00:42:27,080 --> 00:42:28,839
Speaker 2: a lot more active than that. You know you've got.

839
00:42:28,920 --> 00:42:32,319
Speaker 2: You're involved in your own portfolios. Are people touching them?

840
00:42:32,360 --> 00:42:33,560
Speaker 2: Are they selling? What are they doing?

841
00:42:34,960 --> 00:42:35,120
Speaker 11: Yes?

842
00:42:35,239 --> 00:42:38,360
Speaker 15: In terms of Kei we Saver, we've seen people, the

843
00:42:38,400 --> 00:42:40,680
Speaker 15: majority of people keep to their strategy, so they're not

844
00:42:40,800 --> 00:42:43,279
Speaker 15: moving to more conservative funds, which we heard used to

845
00:42:43,320 --> 00:42:46,960
Speaker 15: happen on other brokers. They and they're looking at their portfolio,

846
00:42:46,960 --> 00:42:49,399
Speaker 15: which is great and on our Shy's key We Saver,

847
00:42:49,520 --> 00:42:51,960
Speaker 15: it's truly transparent. You can be really flexible in terms

848
00:42:52,000 --> 00:42:54,560
Speaker 15: of what you invest in and invest in from different funds,

849
00:42:54,560 --> 00:42:57,080
Speaker 15: from different fund managers all in one, which is I'm

850
00:42:57,120 --> 00:42:59,759
Speaker 15: pretty good. In terms of what we're seeing on the

851
00:43:00,360 --> 00:43:03,080
Speaker 15: outside of quis there and investing side who, we've seen

852
00:43:03,120 --> 00:43:05,640
Speaker 15: an increase in engagement and people are logging in and

853
00:43:05,760 --> 00:43:09,880
Speaker 15: checking their portfolio, but again taking a really balanced approach.

854
00:43:09,960 --> 00:43:13,040
Speaker 15: We've seen trading volumes go up about thirty percent week

855
00:43:13,120 --> 00:43:17,800
Speaker 15: on week past week net records in terms of shares

856
00:43:17,880 --> 00:43:21,560
Speaker 15: being transferred into shares these from other brokers net buying,

857
00:43:21,800 --> 00:43:24,200
Speaker 15: So people are being a bit more active in terms

858
00:43:24,239 --> 00:43:29,160
Speaker 15: of actively looking at their portfolio and buying and investments

859
00:43:29,320 --> 00:43:30,160
Speaker 15: into sha market.

860
00:43:30,320 --> 00:43:32,440
Speaker 2: Can you see what the you know, what your average

861
00:43:32,520 --> 00:43:35,600
Speaker 2: users account is worth and how much they've lost.

862
00:43:37,120 --> 00:43:39,879
Speaker 15: So yeah, we've got people from zero to ninety seven

863
00:43:39,960 --> 00:43:42,880
Speaker 15: years old on the platform will take really different approaches

864
00:43:42,920 --> 00:43:47,840
Speaker 15: to growing their health. So there's people that are actively investing,

865
00:43:48,160 --> 00:43:51,600
Speaker 15: and there's you know, active traders, and there's others that

866
00:43:51,719 --> 00:43:54,680
Speaker 15: are building their investments every paiday over time. So there's

867
00:43:54,719 --> 00:43:58,319
Speaker 15: a wide range of different returns that people experience through

868
00:43:58,360 --> 00:44:00,440
Speaker 15: the way that they behave too because the number one

869
00:44:01,160 --> 00:44:03,800
Speaker 15: way that we create wealths through managing our behaviors, and

870
00:44:03,920 --> 00:44:04,760
Speaker 15: especially in times.

871
00:44:04,600 --> 00:44:07,840
Speaker 2: Like this, right so you haven't seen any particular change

872
00:44:07,880 --> 00:44:10,680
Speaker 2: in behavior. You haven't seen any particular selling off or

873
00:44:10,680 --> 00:44:15,880
Speaker 2: any particular fallen in average account value.

874
00:44:17,080 --> 00:44:19,520
Speaker 15: So one thing we have started to see is a

875
00:44:19,640 --> 00:44:22,600
Speaker 15: bit more of rebalancing. So people are looking at different

876
00:44:22,640 --> 00:44:25,759
Speaker 15: markets in different ethic classes. So in the top ten

877
00:44:25,840 --> 00:44:30,759
Speaker 15: buys we've seen today in gold ETF and Europe ESG,

878
00:44:31,080 --> 00:44:33,160
Speaker 15: an extra train of funds have started to pop in there.

879
00:44:33,480 --> 00:44:36,839
Speaker 15: But still the number one by is the US top

880
00:44:36,920 --> 00:44:39,960
Speaker 15: five hundred, and we're also seeing more orders for the

881
00:44:40,040 --> 00:44:44,200
Speaker 15: Australian Stock Exchange too coming through, So there's subtle differences

882
00:44:44,360 --> 00:44:47,000
Speaker 15: that in general people are sticking to their long term

883
00:44:47,040 --> 00:44:47,840
Speaker 15: investing strategy.

884
00:44:48,000 --> 00:44:49,839
Speaker 2: Okay, well this is the right thing to do, isn't

885
00:44:49,840 --> 00:44:51,360
Speaker 2: it unless you've got to get the money out tomorrow?

886
00:44:51,640 --> 00:44:53,880
Speaker 2: What's that? We've had market analysts telling us, you know,

887
00:44:53,960 --> 00:44:57,040
Speaker 2: they're surprised how the scale of this, how widespread it is,

888
00:44:57,120 --> 00:44:59,880
Speaker 2: and then the selloff happening day after day, how much long?

889
00:45:00,000 --> 00:45:02,160
Speaker 2: What do you think we're going to see markets taking

890
00:45:02,160 --> 00:45:02,719
Speaker 2: a hit like this?

891
00:45:03,920 --> 00:45:04,040
Speaker 11: Oh?

892
00:45:04,080 --> 00:45:08,200
Speaker 15: Look, it's unprecedent in times in terms of the shock

893
00:45:08,280 --> 00:45:10,160
Speaker 15: that had happened to the markets at the moment based

894
00:45:10,200 --> 00:45:13,160
Speaker 15: off the back of the tariffs, and then the rippleistic

895
00:45:13,200 --> 00:45:15,719
Speaker 15: that it's happening to economy. So look, I don't have

896
00:45:15,760 --> 00:45:18,800
Speaker 15: a crystal ball and can't tell you that. But what

897
00:45:19,320 --> 00:45:21,279
Speaker 15: as you mentioned earlier, you know, if you take five

898
00:45:21,360 --> 00:45:23,480
Speaker 15: year of you s and P five hundred, yet it

899
00:45:23,560 --> 00:45:26,120
Speaker 15: might be down in the last day, but it's up

900
00:45:26,200 --> 00:45:29,279
Speaker 15: eighty percent over the last five years. The ASX two

901
00:45:29,400 --> 00:45:31,759
Speaker 15: hundred up thirty five percent of the last five years.

902
00:45:31,800 --> 00:45:35,040
Speaker 15: So when you take a longer term lens, there's you know,

903
00:45:35,400 --> 00:45:37,680
Speaker 15: it looks quite different to the day to day watching

904
00:45:37,800 --> 00:45:38,200
Speaker 15: the market.

905
00:45:38,640 --> 00:45:41,400
Speaker 2: Brook, thank you for that. Brook, Roberts, co CEO at Cheers'

906
00:45:41,440 --> 00:45:43,279
Speaker 2: is just gone twenty one after five. I'll tell you

907
00:45:43,360 --> 00:45:45,879
Speaker 2: what heater you shouldn't have, And in fact, if you've

908
00:45:45,880 --> 00:45:47,719
Speaker 2: got one of these heaters at your house, you want

909
00:45:47,719 --> 00:45:49,279
Speaker 2: to rip it out of the wall and throw it away,

910
00:45:50,080 --> 00:45:51,520
Speaker 2: and I'll tell you what it is when we come back.

911
00:45:51,560 --> 00:45:54,359
Speaker 2: I'll also give you my thoughts on the sheer market,

912
00:45:54,400 --> 00:45:56,680
Speaker 2: because unlike Brook, I do have a crystal ball.

913
00:45:57,960 --> 00:46:01,080
Speaker 1: Checking the point of the story. It's Ryan Bridge on

914
00:46:01,239 --> 00:46:05,239
Speaker 1: Heather Duplicy Ellen drive with one New Zealand let's get

915
00:46:05,320 --> 00:46:06,440
Speaker 1: connected news talks.

916
00:46:06,440 --> 00:46:10,120
Speaker 2: They'd be five twenty four. Yes, Trump's tariffs are bad.

917
00:46:10,560 --> 00:46:15,080
Speaker 2: The news is bad. The headlines are very bad. Blood bath,

918
00:46:15,760 --> 00:46:20,480
Speaker 2: worse since COVID nosedive, free fall. Unless you're into UFC

919
00:46:20,760 --> 00:46:23,359
Speaker 2: or jumping out of aeroplanes, none of these words soundt

920
00:46:23,400 --> 00:46:26,359
Speaker 2: particularly appealing, and nor should they. Here's the thing about

921
00:46:26,480 --> 00:46:28,680
Speaker 2: news that you should be aware of a little secret

922
00:46:28,800 --> 00:46:31,239
Speaker 2: I'll let you in on and I've been working New

923
00:46:31,320 --> 00:46:34,839
Speaker 2: Durom for pretty much my adult life. Now, journalists take

924
00:46:34,880 --> 00:46:38,160
Speaker 2: the very worst bit of information, they beat it up

925
00:46:38,200 --> 00:46:40,360
Speaker 2: into a headline in a top line, and that's your

926
00:46:40,400 --> 00:46:43,920
Speaker 2: first paragraph, and then they hit publish. That's generally how

927
00:46:43,920 --> 00:46:47,160
Speaker 2: it works. It's the worst possible scenario in five to

928
00:46:47,280 --> 00:46:50,160
Speaker 2: eight words, which is not to say what Trump's done

929
00:46:50,600 --> 00:46:53,640
Speaker 2: is not going to be costly. But here's a side

930
00:46:53,680 --> 00:46:58,600
Speaker 2: of context with your Jaws meets American PSYCHOEWS headlines. Number one,

931
00:46:58,800 --> 00:47:02,160
Speaker 2: stocks are falling. They're not the real economy. They are

932
00:47:02,239 --> 00:47:04,920
Speaker 2: the value that people with money placed on a company,

933
00:47:05,560 --> 00:47:08,200
Speaker 2: and they can be an early sign of a potential recession,

934
00:47:08,600 --> 00:47:12,240
Speaker 2: but they're often wrong. They've called more recessions the stock

935
00:47:12,320 --> 00:47:15,279
Speaker 2: markets that haven't happened over the years than have They're

936
00:47:15,640 --> 00:47:19,520
Speaker 2: unreliable at doing this. Number two. So far only China

937
00:47:19,600 --> 00:47:22,920
Speaker 2: has retaliate retaliated in any major way to the tariffs.

938
00:47:23,360 --> 00:47:27,839
Speaker 2: We haven't yet got a proper world war trade war.

939
00:47:28,640 --> 00:47:32,239
Speaker 2: Number three. The economists pumping out the GDP predictions don't

940
00:47:32,320 --> 00:47:35,000
Speaker 2: have loads of data to drive them yet, so read

941
00:47:35,040 --> 00:47:38,040
Speaker 2: them like you wouldn't email from HR. Interesting but doesn't

942
00:47:38,040 --> 00:47:42,200
Speaker 2: really mean much. Move on. Number four. These headlines about

943
00:47:42,440 --> 00:47:46,600
Speaker 2: worse than COVID or worse since GFC, these relate to

944
00:47:46,840 --> 00:47:49,839
Speaker 2: the sheer market only at this point, remember, and even

945
00:47:49,920 --> 00:47:53,200
Speaker 2: then the average drop in world shares there's an index

946
00:47:53,280 --> 00:47:56,560
Speaker 2: you can look at GFC was thirty four percent, COVID

947
00:47:56,640 --> 00:48:01,080
Speaker 2: down twenty four percent so far, with Trump's terraf thirteen

948
00:48:01,200 --> 00:48:05,399
Speaker 2: percent plus the AX is recovering in the last couple

949
00:48:05,440 --> 00:48:08,480
Speaker 2: of hours. So yes, we should all have a life

950
00:48:08,560 --> 00:48:11,200
Speaker 2: jacket and a whistle at the ready, but by no means,

951
00:48:11,400 --> 00:48:14,480
Speaker 2: despite what you read and may fear, should we be

952
00:48:14,600 --> 00:48:19,800
Speaker 2: jumping overboard and abandoning ship just yet. Bryan Bridge, it

953
00:48:20,000 --> 00:48:22,520
Speaker 2: is twenty seven after five news talks, he'd b I'll

954
00:48:22,520 --> 00:48:24,959
Speaker 2: tell you about this heater because this is worth panicking about,

955
00:48:25,000 --> 00:48:28,239
Speaker 2: because it's quite serious. This is the brand of heater

956
00:48:28,600 --> 00:48:30,440
Speaker 2: that you need to be aware of because it's been

957
00:48:30,520 --> 00:48:34,600
Speaker 2: causing fires and twenty eight thousand people still have them.

958
00:48:35,080 --> 00:48:39,359
Speaker 2: It's the part of a mandatory recall for anyone who's

959
00:48:39,400 --> 00:48:44,080
Speaker 2: got one. The brand is Serene brand model S two

960
00:48:44,880 --> 00:48:52,680
Speaker 2: zero six eight, Serene sern S two zero six eight.

961
00:48:53,360 --> 00:48:55,160
Speaker 2: And the other reason it's not just fact you could

962
00:48:55,200 --> 00:48:57,920
Speaker 2: catch on fire, but the insurance counsel has said that

963
00:48:58,040 --> 00:49:00,479
Speaker 2: your house might not be ensured if they're the fire

964
00:49:00,560 --> 00:49:02,960
Speaker 2: that's caused by this type of heater. So if you

965
00:49:03,160 --> 00:49:06,040
Speaker 2: have one or your family members got one, write that

966
00:49:06,200 --> 00:49:09,040
Speaker 2: brand name down is two zero six eight and just

967
00:49:09,160 --> 00:49:13,000
Speaker 2: get rid of the thing. We get Trishuson and Josephcganney

968
00:49:13,080 --> 00:49:14,560
Speaker 2: on the huddle Halter News.

969
00:49:18,280 --> 00:49:22,440
Speaker 1: After making the news, the newsmakers talk to Ryan first.

970
00:49:22,640 --> 00:49:26,319
Speaker 1: It's Ryan Bridge on hither duplicy Ellen Drive with one

971
00:49:26,440 --> 00:49:38,200
Speaker 1: New Zealand let's get connected news talk, said Boven.

972
00:49:38,560 --> 00:49:40,560
Speaker 2: Great, then if your company twenty five minutes away from

973
00:49:40,600 --> 00:49:42,600
Speaker 2: six News talks the b We'll get Tris Shurson and

974
00:49:42,680 --> 00:49:44,680
Speaker 2: Joseph Garaney on the huddle in just a second. Some

975
00:49:45,160 --> 00:49:48,440
Speaker 2: very interesting developments in the Green Party billboards that have

976
00:49:48,520 --> 00:49:51,640
Speaker 2: gone up all over Auckland and Wellington, put up by

977
00:49:51,719 --> 00:49:55,800
Speaker 2: the Sensible Sentencing Trust and it's Chloe Swarbrook and Tamotha

978
00:49:55,880 --> 00:49:59,840
Speaker 2: Paul and it says defund the police, vote Green and

979
00:50:00,120 --> 00:50:04,239
Speaker 2: they used photos from the Green Party website to make

980
00:50:04,360 --> 00:50:09,320
Speaker 2: these billboards, these tutorial billboards, and they are now getting

981
00:50:09,400 --> 00:50:12,440
Speaker 2: hit with claims of intellectual property right abuse by the

982
00:50:12,480 --> 00:50:15,840
Speaker 2: Green Party, so they've had to change the photos to

983
00:50:16,440 --> 00:50:22,239
Speaker 2: less attractive ones they have because it's the nice airbrushed

984
00:50:22,280 --> 00:50:24,759
Speaker 2: green party ones that they were using. They actually looked

985
00:50:24,800 --> 00:50:27,279
Speaker 2: like proper green party billboards. Now they look like a

986
00:50:27,360 --> 00:50:30,680
Speaker 2: hatchet job, which is what they are. Anyway, we'll talk

987
00:50:30,680 --> 00:50:32,600
Speaker 2: about that with Christian Josie in just a second. It

988
00:50:32,719 --> 00:50:36,080
Speaker 2: is twenty four away from six Bryant Bridge. Is there

989
00:50:36,120 --> 00:50:39,480
Speaker 2: a risk that we are not just fostering football fans

990
00:50:39,520 --> 00:50:41,960
Speaker 2: but also a bit of hooligan culture in New Zealand?

991
00:50:42,000 --> 00:50:44,200
Speaker 2: Did you see this at the weekend alkany See fans

992
00:50:44,880 --> 00:50:47,680
Speaker 2: and fans of the Western Sydney Wanderers threw cans at

993
00:50:47,760 --> 00:50:51,560
Speaker 2: each other after the game and during the game, and

994
00:50:51,680 --> 00:50:54,520
Speaker 2: there were children in the stands. A forty six year

995
00:50:54,520 --> 00:50:58,120
Speaker 2: old has been arrested for an alleged assault, which resulted

996
00:50:58,200 --> 00:51:02,800
Speaker 2: in an Australian man require r facial surgery. Several children

997
00:51:02,880 --> 00:51:05,759
Speaker 2: were reported to have been just meters from some of

998
00:51:05,840 --> 00:51:08,759
Speaker 2: the beer cans that were thrown. Nick Beckett is the

999
00:51:08,840 --> 00:51:10,279
Speaker 2: AUK and f CEO with me tonight.

1000
00:51:10,360 --> 00:51:12,439
Speaker 16: Hi Nick Edien Ryan?

1001
00:51:12,480 --> 00:51:12,600
Speaker 1: Hell?

1002
00:51:12,600 --> 00:51:13,600
Speaker 2: Are you yeah? Good? Thank you?

1003
00:51:13,719 --> 00:51:13,759
Speaker 7: So?

1004
00:51:13,920 --> 00:51:15,440
Speaker 2: Is this all getting out of control or is this

1005
00:51:15,560 --> 00:51:16,600
Speaker 2: a one off? How do you stay?

1006
00:51:17,760 --> 00:51:19,920
Speaker 16: I think it's definitely a one off. You know, we're

1007
00:51:19,960 --> 00:51:23,960
Speaker 16: obviously extremely disappointed about what happened, but then we do

1008
00:51:24,160 --> 00:51:26,680
Speaker 16: see it as a as a very isolated incident. You know,

1009
00:51:26,800 --> 00:51:31,279
Speaker 16: we've had up until yesterday, well sorry Saturday, we had

1010
00:51:31,320 --> 00:51:34,440
Speaker 16: eleven games, over two hundred thousand Ork FC fans through

1011
00:51:34,480 --> 00:51:37,480
Speaker 16: the door and no incidents like this. So unfortunate, that

1012
00:51:37,680 --> 00:51:41,040
Speaker 16: incredibly unfortunate that it happened, and certainly we're going to

1013
00:51:41,080 --> 00:51:43,359
Speaker 16: take their appropriate actions to get the person banned who

1014
00:51:43,440 --> 00:51:45,560
Speaker 16: was involved in the in the fight that ended up

1015
00:51:45,560 --> 00:51:49,160
Speaker 16: with the gentleman getting a broken jaw. But we're incredibly

1016
00:51:49,200 --> 00:51:51,840
Speaker 16: disappointed with that going on, but it's certainly not reflective

1017
00:51:51,880 --> 00:51:53,080
Speaker 16: of what happens at our home.

1018
00:51:53,000 --> 00:51:56,799
Speaker 2: Games and from where from the stadium yep, So.

1019
00:51:56,880 --> 00:51:57,520
Speaker 16: He'll be banned.

1020
00:51:57,560 --> 00:51:59,920
Speaker 2: So he's been arrested the police.

1021
00:52:00,160 --> 00:52:02,799
Speaker 16: It's with police for prosecution aside of what they want

1022
00:52:02,840 --> 00:52:05,200
Speaker 16: to do and then but we've already agreed with the

1023
00:52:05,280 --> 00:52:08,120
Speaker 16: stadium that he'll have a two year banning from the stadium.

1024
00:52:08,200 --> 00:52:10,360
Speaker 2: And is this a key with is this an Auckland

1025
00:52:10,440 --> 00:52:10,960
Speaker 2: f C fan?

1026
00:52:12,760 --> 00:52:16,520
Speaker 16: As we understand it, it was an incident involved one

1027
00:52:16,560 --> 00:52:18,680
Speaker 16: of the away fans and one of the home fans. Correct,

1028
00:52:18,760 --> 00:52:20,440
Speaker 16: We don't have any details on the guy.

1029
00:52:20,760 --> 00:52:22,399
Speaker 2: Right, so you don't know whether he's one of your

1030
00:52:22,440 --> 00:52:24,560
Speaker 2: fans or whether he's one of theirs. Because the guy

1031
00:52:24,800 --> 00:52:27,239
Speaker 2: was hurt was Australian, right, so you kind of assume.

1032
00:52:27,520 --> 00:52:29,640
Speaker 16: Correct, So I know there's definitely it was definitely a

1033
00:52:29,680 --> 00:52:32,720
Speaker 16: home and away fan incident.

1034
00:52:32,600 --> 00:52:35,160
Speaker 2: Right, So it was it was an Auckland FC fan

1035
00:52:35,520 --> 00:52:37,439
Speaker 2: assaults in Australian.

1036
00:52:37,960 --> 00:52:39,759
Speaker 16: Yeah, but we don't call him an aucand f C fan.

1037
00:52:39,920 --> 00:52:42,040
Speaker 16: Was that certainly not what we're about. You know, we're

1038
00:52:42,080 --> 00:52:44,960
Speaker 16: a club that has you know, we're proudly built up

1039
00:52:45,000 --> 00:52:47,919
Speaker 16: a very family friendly environment. We've we've got a great

1040
00:52:48,160 --> 00:52:51,759
Speaker 16: set of hardcore fans known as the port who I

1041
00:52:51,840 --> 00:52:54,320
Speaker 16: think do do everyone in football and everyone in Auckland

1042
00:52:54,360 --> 00:52:56,719
Speaker 16: proud And it's certainly not one of them. It's not

1043
00:52:56,800 --> 00:52:59,680
Speaker 16: someone that they would associate with, and it's definitely not

1044
00:52:59,760 --> 00:53:00,960
Speaker 16: someone that we want involved now.

1045
00:53:01,800 --> 00:53:04,440
Speaker 2: Just a loser who went too far and what absolutely

1046
00:53:04,640 --> 00:53:07,200
Speaker 2: so what about what about the cans? Because I saw

1047
00:53:07,360 --> 00:53:09,719
Speaker 2: I watched a video and I saw kids sitting there

1048
00:53:09,800 --> 00:53:12,160
Speaker 2: and someone's throwing cans and I'm thinking, you know what

1049
00:53:12,320 --> 00:53:16,360
Speaker 2: a drop caag. But are you allowed cans in the stadium.

1050
00:53:17,400 --> 00:53:19,920
Speaker 2: There very good question.

1051
00:53:20,360 --> 00:53:25,160
Speaker 16: I believe you can buy an open can from the concessions.

1052
00:53:25,200 --> 00:53:28,840
Speaker 16: But yeah, that sort of behavior is really disappointing, and

1053
00:53:29,960 --> 00:53:31,960
Speaker 16: it's sort of it's one that will certainly review and

1054
00:53:33,120 --> 00:53:36,560
Speaker 16: reconsider where we put when there's large groups of traveling fans,

1055
00:53:36,640 --> 00:53:39,279
Speaker 16: certainly ones that come from a club that has had

1056
00:53:39,320 --> 00:53:43,160
Speaker 16: a reputation for some anti social behavior from their fan group,

1057
00:53:44,360 --> 00:53:47,759
Speaker 16: we will look to kind of really lock that down

1058
00:53:48,080 --> 00:53:50,719
Speaker 16: a lot more than we did on Saturday, And I

1059
00:53:50,760 --> 00:53:52,560
Speaker 16: guess we take that as a as a huge learning

1060
00:53:52,760 --> 00:53:54,960
Speaker 16: to move forward, right Nick nice Tavy.

1061
00:53:54,800 --> 00:53:57,719
Speaker 2: On the program. That's Nick Becker from Auckland FC. He's

1062
00:53:57,760 --> 00:53:59,719
Speaker 2: the chief executive. It's just gone twenty to six.

1063
00:54:00,520 --> 00:54:03,839
Speaker 1: The Huddle with New Zealand Southeby's International Realty. The ones

1064
00:54:03,920 --> 00:54:06,880
Speaker 1: with worldwide connections that perform not a promise.

1065
00:54:07,360 --> 00:54:10,799
Speaker 2: Trishuson Shuson Willis pr is with us this evening high Trish, Hello,

1066
00:54:11,160 --> 00:54:13,799
Speaker 2: welcome along, and Josie Pagani child Fund is with us too.

1067
00:54:13,840 --> 00:54:17,480
Speaker 2: Good evening trick, Joseie, forgive me. Now. Let's start with

1068
00:54:17,600 --> 00:54:22,000
Speaker 2: the defense Capability plan. It's quite a big chunk of change.

1069
00:54:22,120 --> 00:54:24,879
Speaker 2: Twelve billion dollars over four years, although three billion dollars

1070
00:54:24,920 --> 00:54:28,160
Speaker 2: of that is going on depreciation apparently, but it is

1071
00:54:28,239 --> 00:54:31,280
Speaker 2: a significant investment from the government. Trish, are they putting

1072
00:54:31,280 --> 00:54:32,200
Speaker 2: it in the right places?

1073
00:54:32,880 --> 00:54:37,320
Speaker 17: Well, cometh the hour, cometh Judith Collins, I mean, cometh

1074
00:54:37,360 --> 00:54:42,320
Speaker 17: the arched eyebrown. I don't often hand out Bouquet's two ministers,

1075
00:54:42,440 --> 00:54:46,200
Speaker 17: but in this case I want to say, I think

1076
00:54:46,360 --> 00:54:49,480
Speaker 17: Judith Collins has done a very good job on this

1077
00:54:49,760 --> 00:54:54,080
Speaker 17: very important piece of work. We have now got a

1078
00:54:54,239 --> 00:54:57,560
Speaker 17: government on these big areas of work that takes time

1079
00:54:57,719 --> 00:55:00,640
Speaker 17: to get a thoughtful plan together. There's been a lot

1080
00:55:00,680 --> 00:55:03,200
Speaker 17: of push for them to get this capability report out.

1081
00:55:03,280 --> 00:55:07,120
Speaker 17: They've resisted that and they've come out today and it

1082
00:55:07,280 --> 00:55:10,560
Speaker 17: sounds like a very thoughtful and robust plan. There are

1083
00:55:10,640 --> 00:55:13,719
Speaker 17: always going to be questions around where the money's coming from.

1084
00:55:13,800 --> 00:55:16,120
Speaker 17: We'll have to wait for the budget for that. But

1085
00:55:16,520 --> 00:55:18,960
Speaker 17: the big signal that it's trying to send is that

1086
00:55:19,160 --> 00:55:21,440
Speaker 17: we are ready to do our part, and we have

1087
00:55:21,600 --> 00:55:25,000
Speaker 17: to do our part. The key takeout is really that

1088
00:55:25,239 --> 00:55:29,719
Speaker 17: New Zealand can no longer rely on the tyranny or

1089
00:55:29,800 --> 00:55:34,719
Speaker 17: benefit of distance. And you know, there was a great podcast. Recently,

1090
00:55:35,560 --> 00:55:38,600
Speaker 17: Oliver Hartwich at the New Zealand Initiative with the former

1091
00:55:38,800 --> 00:55:44,640
Speaker 17: Secretary of Home Affairs for Australia, Michael Paluzzo, who said

1092
00:55:44,800 --> 00:55:48,040
Speaker 17: exactly that, then effectively New Zealand has to sort of

1093
00:55:48,120 --> 00:55:50,239
Speaker 17: wake up and grow up and we've got to do

1094
00:55:50,320 --> 00:55:50,640
Speaker 17: our bit.

1095
00:55:51,440 --> 00:55:54,160
Speaker 10: Yeah, I think it's got pretty good chance of bipartisan

1096
00:55:54,440 --> 00:55:58,359
Speaker 10: support actually, because it's pretty sensible. There was one line,

1097
00:55:58,400 --> 00:56:04,040
Speaker 10: which is funding the modernization of accommodation, messing and dining rooms,

1098
00:56:04,080 --> 00:56:06,600
Speaker 10: which sounds a bit like a plan for a teenager's bedroom.

1099
00:56:06,920 --> 00:56:10,799
Speaker 10: But everything else I think makes perfect sense. And you know, look,

1100
00:56:11,160 --> 00:56:13,799
Speaker 10: I believe that we are in a nineteen thirty eight

1101
00:56:13,880 --> 00:56:16,279
Speaker 10: moment and it really matters what we do, and it

1102
00:56:16,400 --> 00:56:19,640
Speaker 10: matters that New Zealand plays its part. You know, if

1103
00:56:19,680 --> 00:56:21,719
Speaker 10: you look at it in ninety thirty eight, there were

1104
00:56:21,800 --> 00:56:25,080
Speaker 10: hot wars all over the place that seemed disconnected. You had,

1105
00:56:25,160 --> 00:56:29,839
Speaker 10: you know, Germany, Italy, Abyssinia, you had all of these

1106
00:56:29,880 --> 00:56:33,200
Speaker 10: disconnected wars, hot wars. We've got the same. Now, we've

1107
00:56:33,200 --> 00:56:36,200
Speaker 10: got Ukraine, we've got Middle East, we've got skirmishes in

1108
00:56:36,239 --> 00:56:39,279
Speaker 10: the South China seas, and it wouldn't take much there's

1109
00:56:39,320 --> 00:56:42,200
Speaker 10: a lot of trip wires around. We've got Trump promising

1110
00:56:42,320 --> 00:56:46,880
Speaker 10: to invade Panama Canal in Canada and Greenland. You've got

1111
00:56:46,960 --> 00:56:52,200
Speaker 10: Taiwan doing alarming war games around Taiwan just over the

1112
00:56:52,280 --> 00:56:53,200
Speaker 10: last couple of days.

1113
00:56:53,600 --> 00:56:54,600
Speaker 4: So there's a hell of a.

1114
00:56:54,640 --> 00:56:57,640
Speaker 10: Lot happening in the Middle East, and I think, you know,

1115
00:56:57,719 --> 00:57:00,359
Speaker 10: New Zealand has to be has to be ready. Big question,

1116
00:57:00,760 --> 00:57:02,919
Speaker 10: Ryan is going to be where's the money coming from?

1117
00:57:03,080 --> 00:57:05,680
Speaker 10: And it mustn't come from aid budgets. I mean, Judith

1118
00:57:05,760 --> 00:57:09,319
Speaker 10: herself said, you know, the the New Zealand Defense Force

1119
00:57:09,440 --> 00:57:13,080
Speaker 10: is active in the Pacific around cyclones, around emergency responses

1120
00:57:13,120 --> 00:57:16,520
Speaker 10: and so on, and so are AID agencies like ours.

1121
00:57:16,680 --> 00:57:18,760
Speaker 10: You know that it can't come at the expense of

1122
00:57:18,800 --> 00:57:20,160
Speaker 10: aid budgets because.

1123
00:57:19,880 --> 00:57:22,440
Speaker 2: That's more important, the only thing we don't have. And

1124
00:57:22,520 --> 00:57:26,760
Speaker 2: it's not necessarily Judith's job, but is a direction of Okay,

1125
00:57:26,840 --> 00:57:29,480
Speaker 2: when Taiwan kicks off, which it will, it's not a

1126
00:57:29,560 --> 00:57:33,240
Speaker 2: matter of if it's when they do that, what is

1127
00:57:33,880 --> 00:57:36,240
Speaker 2: our role? You know, whose side are we on here?

1128
00:57:36,360 --> 00:57:38,720
Speaker 2: What do we do with this new military equipment that

1129
00:57:38,800 --> 00:57:39,360
Speaker 2: we've purchased.

1130
00:57:39,400 --> 00:57:42,920
Speaker 17: Well, that was the big question out of today. Actually

1131
00:57:43,080 --> 00:57:48,240
Speaker 17: there was a comment about we are serious and we

1132
00:57:48,440 --> 00:57:52,240
Speaker 17: need we need friends, And when I was listening to

1133
00:57:52,320 --> 00:57:54,680
Speaker 17: that in the press commence, I put a dash and said,

1134
00:57:54,800 --> 00:57:59,000
Speaker 17: who are our friends? Because this is the really crunchy

1135
00:57:59,160 --> 00:58:02,360
Speaker 17: issue that they govern is trying to deal with the

1136
00:58:02,520 --> 00:58:06,160
Speaker 17: fact that trade and what Trump is doing with tariffs

1137
00:58:06,240 --> 00:58:10,280
Speaker 17: and upending the world trade order is inextricably linked to

1138
00:58:11,000 --> 00:58:16,120
Speaker 17: defense and every other country that every other every ally

1139
00:58:16,400 --> 00:58:21,520
Speaker 17: of the US has not been spared in Trump's tariff

1140
00:58:21,640 --> 00:58:24,600
Speaker 17: trade war, not our best friend Australia, not New Zealand,

1141
00:58:24,680 --> 00:58:27,160
Speaker 17: even though it's a little bit, and what he's done

1142
00:58:27,280 --> 00:58:31,760
Speaker 17: has made Europe go okay economically and from a defense perspective,

1143
00:58:32,120 --> 00:58:34,920
Speaker 17: we have to get our shit together and we've got

1144
00:58:35,000 --> 00:58:40,720
Speaker 17: to be able to essentially be a self sufficient European bloc.

1145
00:58:41,280 --> 00:58:44,280
Speaker 10: So that's a trick question that and I think you

1146
00:58:44,360 --> 00:58:46,960
Speaker 10: talk about China and Taiwan Ryan, but actually, if you

1147
00:58:47,480 --> 00:58:50,480
Speaker 10: use the thirty eight nineteen thirty eight metaphor again, you

1148
00:58:50,680 --> 00:58:55,200
Speaker 10: imagine if the Czech and Slovakans had really pushed back

1149
00:58:55,240 --> 00:58:58,320
Speaker 10: on Hitler. You imagine if Chamberlain hadn't signed a peace

1150
00:58:58,400 --> 00:59:00,080
Speaker 10: plan and appeasement like you can have a bit to

1151
00:59:00,120 --> 00:59:03,240
Speaker 10: Czechoslovakia or not. What we've seen with Ukraine is the

1152
00:59:03,320 --> 00:59:06,120
Speaker 10: opposite of what happened in thirty eight where actually, you know,

1153
00:59:06,480 --> 00:59:09,640
Speaker 10: they pushed back on Putin and if we don't appease

1154
00:59:10,200 --> 00:59:13,640
Speaker 10: one thug eye Putin, actually that's going to have a

1155
00:59:13,800 --> 00:59:17,840
Speaker 10: domino effect around around the other aristocrats. Who's threatening Taiwan.

1156
00:59:18,000 --> 00:59:20,880
Speaker 2: Yeah, I would agree with that, except that all it

1157
00:59:20,960 --> 00:59:23,439
Speaker 2: does is drain your resources and you run out of money.

1158
00:59:23,720 --> 00:59:25,480
Speaker 2: I mean, who's going to want to go and fight

1159
00:59:25,560 --> 00:59:27,960
Speaker 2: a war on the Pacific when they've just spent everything

1160
00:59:28,040 --> 00:59:29,280
Speaker 2: they had in Europe.

1161
00:59:30,120 --> 00:59:33,120
Speaker 10: But the same would be true of Putin, right, I mean,

1162
00:59:33,320 --> 00:59:36,840
Speaker 10: if he gets pushed back in Ukraine, then you know

1163
00:59:37,200 --> 00:59:40,720
Speaker 10: China and Shidimping goes, well, maybe I won't try Taiwan

1164
00:59:40,840 --> 00:59:44,240
Speaker 10: right away. You get pushed, you push back Putin, and

1165
00:59:44,360 --> 00:59:47,080
Speaker 10: then suddenly they're going, all right, I can't, I can't riskless.

1166
00:59:47,120 --> 00:59:49,320
Speaker 10: It's too there's too much to lose here.

1167
00:59:49,600 --> 00:59:51,800
Speaker 2: So yeah, you do send a message. I agree with that.

1168
00:59:51,880 --> 00:59:53,920
Speaker 2: And we're a long way off talking about drones now,

1169
00:59:53,920 --> 00:59:57,560
Speaker 2: aren't we. But fascinating discussion, Joseph began to introduce on

1170
00:59:57,640 --> 01:00:00,280
Speaker 2: the huddle tonight fourteen away from sex with back in

1171
01:00:00,320 --> 01:00:02,800
Speaker 2: a moment, we'll talk about the Greens and their billboards.

1172
01:00:02,800 --> 01:00:07,200
Speaker 1: Shall we the huddle with New Zealand Southeby's International Realty

1173
01:00:07,320 --> 01:00:10,160
Speaker 1: achieve extraordinary results with unparallel reach.

1174
01:00:10,520 --> 01:00:12,360
Speaker 2: New talks to me it is eleven away from six.

1175
01:00:12,440 --> 01:00:15,040
Speaker 2: Trishuson and Josie BACGANI here on the Huddle tonight. The

1176
01:00:15,240 --> 01:00:18,400
Speaker 2: Sensible Sentencing Trust has got a new billboard campaign out.

1177
01:00:18,440 --> 01:00:20,480
Speaker 2: In fact, if you're in Auckland or Wellington, you might

1178
01:00:20,560 --> 01:00:22,880
Speaker 2: have driven past one of these on your way home tonight,

1179
01:00:23,560 --> 01:00:27,880
Speaker 2: calling for saying that the Greens want to defund the police.

1180
01:00:28,320 --> 01:00:30,240
Speaker 2: But it's actually not a Green Party billboard, it's a

1181
01:00:30,280 --> 01:00:33,080
Speaker 2: Sensible Sensible Sentencing Trust billboard and they're trying to make

1182
01:00:33,080 --> 01:00:34,840
Speaker 2: the point that the Greens don't like the cops. Is

1183
01:00:34,880 --> 01:00:36,000
Speaker 2: it a good point? Well made?

1184
01:00:36,080 --> 01:00:39,800
Speaker 17: Trish well I think it's really interesting to see billboards

1185
01:00:39,880 --> 01:00:43,280
Speaker 17: coming back in terms of political campaigning. I see in

1186
01:00:43,360 --> 01:00:47,240
Speaker 17: the States the Canadians have put political attack ads in

1187
01:00:47,440 --> 01:00:49,840
Speaker 17: key states that are going to lose jobs because of

1188
01:00:49,920 --> 01:00:55,440
Speaker 17: Trump's tariffs, and the simple billboards saying you know, tariffs

1189
01:00:55,520 --> 01:00:58,560
Speaker 17: are are a tax on groceries, but I just wanted

1190
01:00:58,600 --> 01:01:01,640
Speaker 17: to tell you one of my best pieces of work

1191
01:01:01,720 --> 01:01:03,760
Speaker 17: I think in my career might have been my worst.

1192
01:01:04,360 --> 01:01:08,360
Speaker 17: I was working for a company and they wanted to

1193
01:01:10,080 --> 01:01:13,439
Speaker 17: change Zespree's monopoly on being able to export kiwi fruit.

1194
01:01:13,880 --> 01:01:16,680
Speaker 17: So came up with a billboard and it was two huge,

1195
01:01:16,880 --> 01:01:19,080
Speaker 17: dangly browned kiwi fruit hairy.

1196
01:01:19,400 --> 01:01:21,520
Speaker 2: Oh my god, that you know that.

1197
01:01:21,640 --> 01:01:24,280
Speaker 17: Massive billboard as you drive into Wellington Airport. Whacked it

1198
01:01:24,400 --> 01:01:27,040
Speaker 17: up there and it said it's kicking us right where

1199
01:01:27,080 --> 01:01:33,360
Speaker 17: it hurts. So I love when I see other people.

1200
01:01:34,440 --> 01:01:35,520
Speaker 2: The thing isn't that there's a.

1201
01:01:35,560 --> 01:01:41,640
Speaker 10: Great tradition of satirical political billboards, right, And the funniest

1202
01:01:41,680 --> 01:01:44,200
Speaker 10: thing about this one, I think is that everybody's just

1203
01:01:44,440 --> 01:01:46,520
Speaker 10: like kind of snook at themselves. So the Greens are

1204
01:01:46,560 --> 01:01:48,360
Speaker 10: making a big fuss of it, We're talking about it.

1205
01:01:48,440 --> 01:01:51,800
Speaker 10: It's getting a heap more attention. But then with a

1206
01:01:51,840 --> 01:01:55,280
Speaker 10: Sensible Sentencing Trust, they've put these billboards up in central

1207
01:01:55,320 --> 01:01:59,080
Speaker 10: Wellington and central Auckland that the Green So it's like,

1208
01:01:59,120 --> 01:02:01,360
Speaker 10: wouldn't you put it so if you wanted to kind

1209
01:02:01,400 --> 01:02:04,040
Speaker 10: of increase the profile of sensible sensing trust and go

1210
01:02:04,080 --> 01:02:06,040
Speaker 10: oh yeah, right, you know those damn Greens want to

1211
01:02:06,120 --> 01:02:08,120
Speaker 10: defund the police. Wouldn't you put it somewhere where you're

1212
01:02:08,120 --> 01:02:10,160
Speaker 10: going to get more support, whereas everyone's just looking at

1213
01:02:10,240 --> 01:02:12,480
Speaker 10: going great yep, the Greens they want to defund the

1214
01:02:12,480 --> 01:02:16,440
Speaker 10: police and also replace them with New Zealand flight attendants

1215
01:02:16,480 --> 01:02:19,520
Speaker 10: handing out air New Zealand suites to criminals. The headline

1216
01:02:19,640 --> 01:02:21,560
Speaker 10: is very clever though, because as soon as I read

1217
01:02:21,600 --> 01:02:24,520
Speaker 10: that headline, I can hear the song that tomant Ball played.

1218
01:02:25,200 --> 01:02:26,000
Speaker 14: DJ said.

1219
01:02:28,200 --> 01:02:34,480
Speaker 2: Defundda Cops, it said on the billboard, it might be

1220
01:02:34,560 --> 01:02:37,680
Speaker 2: better than our version. Very quickly, before we go Trump

1221
01:02:37,720 --> 01:02:41,880
Speaker 2: and his tariffs, Josie, you have the floor first, What

1222
01:02:42,160 --> 01:02:44,120
Speaker 2: is the reason will he negotiate?

1223
01:02:44,520 --> 01:02:47,880
Speaker 10: Well, this is the problem. He's both negotiating and he's saying,

1224
01:02:48,080 --> 01:02:51,560
Speaker 10: my great big capital letters, my politics are not changing,

1225
01:02:51,720 --> 01:02:53,520
Speaker 10: you know. So in other words, the tariffs are there

1226
01:02:53,520 --> 01:02:57,040
Speaker 10: because you're ripping off the US and I'm saving manufacturing

1227
01:02:57,080 --> 01:03:00,840
Speaker 10: and jobs. Both of those things can't be true. Negotiating

1228
01:03:00,920 --> 01:03:03,240
Speaker 10: it means you're prepared to drop the tariffs. So no

1229
01:03:03,480 --> 01:03:06,840
Speaker 10: business is going to build a factory in Ohio or

1230
01:03:06,960 --> 01:03:08,840
Speaker 10: anywhere if they think the tariffs are going to go,

1231
01:03:08,920 --> 01:03:12,840
Speaker 10: and they lose their domestic advantage. So it's completely incoherent.

1232
01:03:12,960 --> 01:03:16,920
Speaker 10: So he's managed to freeze up any investment at the

1233
01:03:16,960 --> 01:03:21,160
Speaker 10: same time as potentially cause a recession across the whole

1234
01:03:21,200 --> 01:03:25,440
Speaker 10: world with this completely incoherent Trump tariff policy.

1235
01:03:26,760 --> 01:03:30,760
Speaker 17: It's economic vandalism in pursuit of an absolute mirage. As

1236
01:03:30,920 --> 01:03:34,880
Speaker 17: Josie said, no one because of the huge political uncertainty

1237
01:03:35,000 --> 01:03:38,320
Speaker 17: now in the system in the US is going to

1238
01:03:38,360 --> 01:03:41,640
Speaker 17: go and invest to build factories and jobs in the US.

1239
01:03:42,400 --> 01:03:45,280
Speaker 17: But worse than that, this is a system that is

1240
01:03:45,600 --> 01:03:50,200
Speaker 17: ripe for corruption. So going now on bended knee to

1241
01:03:50,400 --> 01:03:53,640
Speaker 17: the President of the United States, all the opacity around that,

1242
01:03:54,600 --> 01:03:56,960
Speaker 17: you know, who knows what those deals are going to

1243
01:03:57,000 --> 01:03:59,920
Speaker 17: be the thing to think about. And I loved you

1244
01:04:00,160 --> 01:04:04,000
Speaker 17: or your editorial, and I thought it's great to calm

1245
01:04:04,040 --> 01:04:08,600
Speaker 17: the horses. It might be slightly a polyannoroiush view, because

1246
01:04:08,920 --> 01:04:12,720
Speaker 17: what could happen here is not only a global recession,

1247
01:04:12,840 --> 01:04:16,680
Speaker 17: but even more serious than that, a serious economic meltdown.

1248
01:04:17,480 --> 01:04:23,120
Speaker 17: And if that happens, unlike the GFC or when COVID hit,

1249
01:04:23,720 --> 01:04:27,600
Speaker 17: there aren't the big serious players in the US at

1250
01:04:27,640 --> 01:04:30,800
Speaker 17: the highest levels like we had at those times, who

1251
01:04:30,880 --> 01:04:32,960
Speaker 17: will be able to join up, say with the UK

1252
01:04:33,520 --> 01:04:35,360
Speaker 17: and lead us through that. So you've still got the

1253
01:04:35,440 --> 01:04:38,480
Speaker 17: head of the Federal Reserve, but you don't have anyone

1254
01:04:38,560 --> 01:04:41,520
Speaker 17: in those other positions other than sicker fans around Trump.

1255
01:04:41,640 --> 01:04:44,120
Speaker 10: And like, give one quote before we go, pgo, great

1256
01:04:44,120 --> 01:04:47,400
Speaker 10: American commentator, he said his dad now, but whenever there's

1257
01:04:47,400 --> 01:04:50,120
Speaker 10: a justice suppression and suffering, America will show up six

1258
01:04:50,240 --> 01:04:54,000
Speaker 10: months late and bomb the country next to it. So

1259
01:04:54,120 --> 01:04:57,160
Speaker 10: thanks America for baggering off from the world.

1260
01:04:57,760 --> 01:05:01,360
Speaker 2: Thank you Donald Trump. Gun intricious and thanks guys. We

1261
01:05:01,440 --> 01:05:03,040
Speaker 2: have to leave it there. On the Huddle tonight, it

1262
01:05:03,160 --> 01:05:06,120
Speaker 2: is seven away from the six News Talks ZB. Don't forget.

1263
01:05:06,200 --> 01:05:09,760
Speaker 2: After six we're going to talk to Nicola Willis, who's

1264
01:05:09,800 --> 01:05:11,960
Speaker 2: finance Minister, and we'll find out where that money is

1265
01:05:12,000 --> 01:05:13,080
Speaker 2: coming from for defense.

1266
01:05:14,200 --> 01:05:17,600
Speaker 1: It's the Heather Duplessy Allen Drive Full Show podcast on

1267
01:05:17,880 --> 01:05:20,800
Speaker 1: Ihard Radio powered by News TALKSB.

1268
01:05:21,760 --> 01:05:24,200
Speaker 2: News Talks ZB. It is four minutes away from six.

1269
01:05:24,280 --> 01:05:26,120
Speaker 2: We just had Joseph, Biganny and Tricius and on the

1270
01:05:26,160 --> 01:05:28,680
Speaker 2: Hero will have Nicola Willis or sorry on the Huddle

1271
01:05:28,760 --> 01:05:31,360
Speaker 2: not the Herald, and we'll have Nicola Willis after six o'clock,

1272
01:05:32,200 --> 01:05:34,600
Speaker 2: somebody has said, I wonder what side of the fence

1273
01:05:34,720 --> 01:05:37,520
Speaker 2: the political offense. You all guests are from left or right.

1274
01:05:37,920 --> 01:05:41,040
Speaker 2: One of them swing VI's left, the other vers right,

1275
01:05:41,440 --> 01:05:44,200
Speaker 2: although they can both surprise you on occasion, but that's

1276
01:05:44,280 --> 01:05:47,240
Speaker 2: generally how the huddle operates. But I have to say,

1277
01:05:47,360 --> 01:05:51,080
Speaker 2: this whole Trump thing is not our left right debate,

1278
01:05:51,280 --> 01:05:53,240
Speaker 2: really is that? I mean? Because even on if you

1279
01:05:53,280 --> 01:05:56,640
Speaker 2: think of the right, even the Republican Party, they're not

1280
01:05:56,840 --> 01:06:01,680
Speaker 2: traditionally economic protectionists, are they They like free trade and

1281
01:06:01,680 --> 01:06:03,640
Speaker 2: a lot of people in the Republican Party are quite

1282
01:06:03,720 --> 01:06:07,120
Speaker 2: upset with the way that Donald Trump is imposing these tariffs.

1283
01:06:07,360 --> 01:06:09,600
Speaker 2: So it's not a strict left right issue this one.

1284
01:06:09,640 --> 01:06:12,720
Speaker 2: It's kind of a murky, weird one. Coming up to

1285
01:06:12,720 --> 01:06:15,240
Speaker 2: six o'clock News Talks, there'd be Niicola Willis next.

1286
01:06:20,880 --> 01:06:28,000
Speaker 3: Stay. Oh aren't you I need you Olga, H need

1287
01:06:30,040 --> 01:06:33,920
Speaker 3: these beautiful things that are keeping track of where the

1288
01:06:34,000 --> 01:06:35,120
Speaker 3: money is flowing.

1289
01:06:35,560 --> 01:06:40,520
Speaker 1: The Business Hour with Ryan Bridge and Insurance and investments,

1290
01:06:40,920 --> 01:06:43,760
Speaker 1: Grow your Wealth, Protect your future News talks.

1291
01:06:43,560 --> 01:06:46,400
Speaker 2: At be good evening it is seven after six News Talks,

1292
01:06:46,440 --> 01:06:48,360
Speaker 2: there'd be Shane Sully here on the markets in just

1293
01:06:48,440 --> 01:06:51,360
Speaker 2: a second. It's worth three hundred and fifty million dollars

1294
01:06:51,440 --> 01:06:55,200
Speaker 2: to us. This is our exports to the US wood

1295
01:06:55,320 --> 01:06:58,800
Speaker 2: processing and manufacturers are celebrating the fact we do have

1296
01:06:58,920 --> 01:07:01,560
Speaker 2: an exemption from Trump to tariffs on that particular industry,

1297
01:07:01,840 --> 01:07:04,080
Speaker 2: one of very few to have one. They are with

1298
01:07:04,240 --> 01:07:06,480
Speaker 2: us after six thirty. And Gavin Gray's in the UK

1299
01:07:06,680 --> 01:07:08,680
Speaker 2: right now, Nicola, what is fine, it's mister, good evening,

1300
01:07:09,280 --> 01:07:11,160
Speaker 2: Good evening, Ryn, Good to have you on the show.

1301
01:07:12,040 --> 01:07:15,760
Speaker 2: The defense plan that we've had announced today. So how

1302
01:07:15,840 --> 01:07:17,920
Speaker 2: much of this because I spoke to Juuth Collins earlier

1303
01:07:18,040 --> 01:07:20,560
Speaker 2: she said it's about twelve billion dollars, three billion of

1304
01:07:20,640 --> 01:07:24,240
Speaker 2: depreciation then nine billion left over over four years. How

1305
01:07:24,320 --> 01:07:27,560
Speaker 2: much of it is capital versus operational expenditure? How much

1306
01:07:27,560 --> 01:07:30,920
Speaker 2: are we spending on helicopters and things as opposed to

1307
01:07:31,040 --> 01:07:33,000
Speaker 2: day to day Well, it will be.

1308
01:07:33,040 --> 01:07:35,720
Speaker 18: A mixture of the two. And you'll see our first

1309
01:07:35,760 --> 01:07:39,520
Speaker 18: announcements in that regard in this budget, and you'll see

1310
01:07:39,600 --> 01:07:43,400
Speaker 18: a clear commitment from US to meeting the commitments we've

1311
01:07:43,440 --> 01:07:46,880
Speaker 18: made in the Defense Capability Plan. It strikes the right

1312
01:07:47,040 --> 01:07:50,640
Speaker 18: balance between on the one hand, providing a meaningful response

1313
01:07:50,720 --> 01:07:54,480
Speaker 18: to what's clearly a deteriorating security environment, but also being

1314
01:07:54,600 --> 01:07:58,880
Speaker 18: deliverable and being affordable and compatible with our fiscal strategy.

1315
01:07:59,040 --> 01:08:01,800
Speaker 18: So every investment will be made on a budget by

1316
01:08:01,880 --> 01:08:04,240
Speaker 18: budget basis, because we still have to see a good

1317
01:08:04,280 --> 01:08:08,439
Speaker 18: business case for each individual item of kit. But we're

1318
01:08:08,480 --> 01:08:11,760
Speaker 18: confident that we can deliver the plan as envisaged in

1319
01:08:11,840 --> 01:08:14,400
Speaker 18: the Capability Plan within our budget constraints.

1320
01:08:14,600 --> 01:08:18,400
Speaker 2: So you what within your operating allowance.

1321
01:08:19,560 --> 01:08:23,240
Speaker 18: The combination of our capital and operating allowance, And of

1322
01:08:23,360 --> 01:08:26,599
Speaker 18: course what people often forget is that our operating allowance

1323
01:08:26,720 --> 01:08:29,280
Speaker 18: is not just the money that we've put aside for

1324
01:08:29,400 --> 01:08:33,519
Speaker 18: new spending, it's also any reprioritization that occurs across government

1325
01:08:33,560 --> 01:08:37,160
Speaker 18: that frees up funding for our more pressing priorities. And

1326
01:08:37,360 --> 01:08:42,880
Speaker 18: our pressing priorities include defense, education, health, and our law

1327
01:08:42,920 --> 01:08:45,320
Speaker 18: and order. So those will continue to be priorities in

1328
01:08:45,520 --> 01:08:46,840
Speaker 18: future budgets totally.

1329
01:08:46,920 --> 01:08:48,880
Speaker 2: But you've got to understand, I mean, your operating alliance

1330
01:08:48,960 --> 01:08:51,240
Speaker 2: is what two and a half billion, and then you're

1331
01:08:51,280 --> 01:08:54,200
Speaker 2: talking here about, due to Colin's numbers, two point twenty

1332
01:08:54,240 --> 01:08:56,160
Speaker 2: five billion a year.

1333
01:08:57,160 --> 01:09:00,840
Speaker 18: That remember ruse of we also have a we also

1334
01:09:00,920 --> 01:09:04,240
Speaker 18: have a capital allowance of more than that of three

1335
01:09:04,280 --> 01:09:08,040
Speaker 18: point sixty five billion indicatively, although that will fluctuate from

1336
01:09:08,120 --> 01:09:11,800
Speaker 18: year to year. And so between those two allowances and

1337
01:09:12,200 --> 01:09:16,920
Speaker 18: our commitment to ongoing reprioritization and savings, we've judged that

1338
01:09:17,120 --> 01:09:20,000
Speaker 18: this plan is compatible with our fiscal strategy, and as

1339
01:09:20,040 --> 01:09:23,000
Speaker 18: I say, the proof of that will be in this

1340
01:09:23,160 --> 01:09:27,360
Speaker 18: upcoming budget, where you'll see a significant commitment in defense

1341
01:09:27,400 --> 01:09:32,400
Speaker 18: spending alongside us keeping to our fiscal strategy. Keeping within

1342
01:09:32,600 --> 01:09:33,320
Speaker 18: those allowances.

1343
01:09:33,640 --> 01:09:36,599
Speaker 2: Will there be reprioritization from aid money.

1344
01:09:38,880 --> 01:09:41,360
Speaker 18: That is not in the plan to fund the Defense

1345
01:09:41,479 --> 01:09:44,320
Speaker 18: Capability Plan, but of course the Minister of Foreign Affairs

1346
01:09:44,600 --> 01:09:47,080
Speaker 18: on an ongoing way will always be looking to get

1347
01:09:47,160 --> 01:09:50,120
Speaker 18: the maximum value out of our aid investment offshore.

1348
01:09:52,320 --> 01:09:54,160
Speaker 2: There will be a lot of people who'd be disappointed,

1349
01:09:54,240 --> 01:09:56,320
Speaker 2: particularly in the Pacific, if we're ripping aid out while

1350
01:09:56,320 --> 01:09:58,400
Speaker 2: the States is too, And as I.

1351
01:09:58,479 --> 01:10:00,439
Speaker 18: Say, that is not part of our plan to deliver

1352
01:10:00,520 --> 01:10:03,960
Speaker 18: on the Defense Capability Plan. We're not proposing to reprioritize

1353
01:10:04,040 --> 01:10:06,519
Speaker 18: aid funding towards the Defense Capability Plan, and.

1354
01:10:06,560 --> 01:10:08,840
Speaker 2: We're not going to have to borrow for the defense plan.

1355
01:10:08,920 --> 01:10:10,880
Speaker 2: We're not going to have to delay surplus because of it.

1356
01:10:11,000 --> 01:10:15,240
Speaker 18: Either well, we can deliver it compatible with our current

1357
01:10:15,280 --> 01:10:17,920
Speaker 18: fiscal strategy, which as you know, is to get the

1358
01:10:17,960 --> 01:10:22,240
Speaker 18: books back in balance within the forecast period, is to

1359
01:10:22,479 --> 01:10:25,080
Speaker 18: ensure that over time we're getting our debt back down,

1360
01:10:25,760 --> 01:10:28,680
Speaker 18: and to ensure that we're reducing our overall spending as

1361
01:10:28,680 --> 01:10:32,400
Speaker 18: a proportion of our economy, our government spending. So it's

1362
01:10:32,439 --> 01:10:35,600
Speaker 18: compatible with all of those objectives, you can imagine. I

1363
01:10:35,680 --> 01:10:39,280
Speaker 18: have worked very carefully through it to make sure that

1364
01:10:39,400 --> 01:10:42,680
Speaker 18: it is affordable and deliverable, and I'm satisfied that it is,

1365
01:10:42,800 --> 01:10:45,879
Speaker 18: as is the Cabinet, that this is a very important priority.

1366
01:10:46,200 --> 01:10:48,479
Speaker 18: It is if you look around the world, we're.

1367
01:10:48,360 --> 01:10:49,160
Speaker 19: All giving to do it.

1368
01:10:49,479 --> 01:10:51,519
Speaker 2: I guess it's how important? Is it important enough that

1369
01:10:51,600 --> 01:10:54,519
Speaker 2: you're willing to borrow more in order to get there?

1370
01:10:54,720 --> 01:10:56,560
Speaker 2: I think that's what people will be wanting to know.

1371
01:10:57,720 --> 01:11:00,720
Speaker 18: Well, not beyond what we were already posing in our

1372
01:11:00,760 --> 01:11:03,120
Speaker 18: fiscal strategy. I think it's important to remember that right

1373
01:11:03,160 --> 01:11:05,599
Speaker 18: now the country is running a deficit, so we are

1374
01:11:05,760 --> 01:11:09,320
Speaker 18: borrowing right now. So I'm not pretending that that's not occurring.

1375
01:11:09,400 --> 01:11:11,840
Speaker 18: It is occurring. Our plan is to get the books

1376
01:11:11,920 --> 01:11:14,880
Speaker 18: back and balance over the next few years. We're working

1377
01:11:14,960 --> 01:11:17,320
Speaker 18: hard to do that, but in a sustainable way, because

1378
01:11:17,320 --> 01:11:18,880
Speaker 18: we don't want to crash the economy on the way

1379
01:11:18,920 --> 01:11:19,519
Speaker 18: through the.

1380
01:11:19,840 --> 01:11:22,559
Speaker 2: Terriffs from Donald Trump that are coming through, and it's

1381
01:11:22,640 --> 01:11:24,720
Speaker 2: going to be more of an indirect effect on us.

1382
01:11:24,880 --> 01:11:26,880
Speaker 2: But have you had any hard numbers get in terms

1383
01:11:26,920 --> 01:11:29,320
Speaker 2: of estimates from officials about what it might do to us?

1384
01:11:30,800 --> 01:11:34,360
Speaker 18: Look, I have been getting ongoing updates from official situation

1385
01:11:34,600 --> 01:11:38,439
Speaker 18: updates because obviously this is a significant global economic event

1386
01:11:39,280 --> 01:11:43,880
Speaker 18: which still has uncertain implications, but undoubtedly profound implications for

1387
01:11:44,160 --> 01:11:49,240
Speaker 18: New Zealand. We will finalize our economic forecasts, which then

1388
01:11:49,360 --> 01:11:51,840
Speaker 18: feed into the budget in the next few days. I

1389
01:11:51,960 --> 01:11:54,720
Speaker 18: expect to be briefed on them soon. Of course, the

1390
01:11:54,840 --> 01:11:59,680
Speaker 18: major effect is the estimate that global growth is going

1391
01:11:59,760 --> 01:12:02,400
Speaker 18: to be lower than had been predicted. That has a

1392
01:12:02,520 --> 01:12:05,800
Speaker 18: run on effect for New Zealand's growth projections, and so

1393
01:12:06,040 --> 01:12:09,040
Speaker 18: you will expect that to be reflected in our budget updates.

1394
01:12:09,479 --> 01:12:11,479
Speaker 18: And I am going to continue to be updated on

1395
01:12:11,560 --> 01:12:14,080
Speaker 18: that and I do intend to keep New Zealand as

1396
01:12:14,160 --> 01:12:17,960
Speaker 18: updated on the significant material developments for our economy.

1397
01:12:18,120 --> 01:12:20,519
Speaker 2: Can you update us some what your officials are telling you?

1398
01:12:21,920 --> 01:12:24,800
Speaker 18: Yes, what they're telling me is that it is likely

1399
01:12:25,560 --> 01:12:29,320
Speaker 18: that the tariffs are going to reduce overall estimates of

1400
01:12:29,400 --> 01:12:34,000
Speaker 18: global growth, and that that will therefore reduce our forecast

1401
01:12:34,160 --> 01:12:37,240
Speaker 18: growth in the New Zealand economy, which, as you can

1402
01:12:37,320 --> 01:12:42,240
Speaker 18: work out, means potentially less revenue for New Zealand, which

1403
01:12:42,400 --> 01:12:45,200
Speaker 18: is obviously a significant economic effect that we need to

1404
01:12:46,040 --> 01:12:46,720
Speaker 18: be prepared for.

1405
01:12:46,960 --> 01:12:47,839
Speaker 3: And we are prepared.

1406
01:12:47,960 --> 01:12:51,240
Speaker 18: We are aware, we're keeping it monitored, we're prepared, and

1407
01:12:51,280 --> 01:12:54,639
Speaker 18: we're also resolute that now more than ever, it's important

1408
01:12:54,720 --> 01:12:57,839
Speaker 18: that we be backing our exporters, that we be backing

1409
01:12:57,880 --> 01:13:01,320
Speaker 18: our domestic growth settings, and that we retain confidence in

1410
01:13:01,360 --> 01:13:05,240
Speaker 18: the New Zealand investment proposition, which remains strong. We're a

1411
01:13:05,479 --> 01:13:09,559
Speaker 18: multilateral trading country with many options for where we send

1412
01:13:09,600 --> 01:13:12,440
Speaker 18: our products with a stable economic environment.

1413
01:13:12,520 --> 01:13:13,479
Speaker 2: What by how much?

1414
01:13:15,400 --> 01:13:15,960
Speaker 18: By how much?

1415
01:13:16,080 --> 01:13:17,880
Speaker 2: In relation to what to our growth?

1416
01:13:19,120 --> 01:13:22,439
Speaker 18: As I say, Ryan, I haven't had the precise update

1417
01:13:22,520 --> 01:13:25,560
Speaker 18: in terms of the financial forecasts that will be in

1418
01:13:25,680 --> 01:13:29,200
Speaker 18: the budget, but I expect to be updated on that

1419
01:13:29,479 --> 01:13:30,439
Speaker 18: over the coming days.

1420
01:13:31,600 --> 01:13:33,920
Speaker 2: But are they giving you estimates? They must be giving

1421
01:13:33,960 --> 01:13:36,240
Speaker 2: you estimates, like you know, half a percent of GDP

1422
01:13:36,439 --> 01:13:38,479
Speaker 2: for the next year or something. I mean, they must

1423
01:13:38,520 --> 01:13:41,200
Speaker 2: be giving you some kind of number, and if they are,

1424
01:13:41,280 --> 01:13:42,280
Speaker 2: why don't we get to know?

1425
01:13:43,479 --> 01:13:46,400
Speaker 18: Well, of course, it depends on what they ustimate the

1426
01:13:46,479 --> 01:13:51,200
Speaker 18: decline and global GDP will be. For reference, Treasury research

1427
01:13:51,240 --> 01:13:53,360
Speaker 18: in the past has indicated that if there's a one

1428
01:13:53,439 --> 01:13:57,519
Speaker 18: percent decline in global GDP, that can reduce New Zealand

1429
01:13:57,720 --> 01:14:01,479
Speaker 18: GDP by up to zero point three percent. But of

1430
01:14:01,560 --> 01:14:04,120
Speaker 18: course there's a number of other factors in there, because

1431
01:14:04,160 --> 01:14:08,360
Speaker 18: it depends on our commodity prices, and it depends on

1432
01:14:08,520 --> 01:14:10,720
Speaker 18: how much we think we will be exposed to that

1433
01:14:10,800 --> 01:14:13,720
Speaker 18: global GDP impact, and it depends on the estimate of

1434
01:14:13,840 --> 01:14:15,880
Speaker 18: what they think the global GDP impact will be. And

1435
01:14:15,960 --> 01:14:19,479
Speaker 18: as you appreciate everyone around the world, I'm still waiting

1436
01:14:19,560 --> 01:14:22,080
Speaker 18: to work out what is the impact of global GDP

1437
01:14:22,360 --> 01:14:23,120
Speaker 18: complicated picture.

1438
01:14:23,120 --> 01:14:25,439
Speaker 2: I understand that. Okay, so we're predicted to grow what

1439
01:14:25,560 --> 01:14:27,439
Speaker 2: is it, one point four percent this year and then

1440
01:14:27,600 --> 01:14:30,720
Speaker 2: two point seven this is off memory in twenty twenty six.

1441
01:14:31,479 --> 01:14:34,479
Speaker 2: Will are the numbers you're hearing enough to put us

1442
01:14:34,560 --> 01:14:35,320
Speaker 2: back in recession?

1443
01:14:37,080 --> 01:14:40,200
Speaker 18: No, I haven't heard anything that makes me think that's

1444
01:14:40,280 --> 01:14:42,720
Speaker 18: the case at this stage. But as I say, this

1445
01:14:42,880 --> 01:14:46,479
Speaker 18: is a developing situation, and so what we need to

1446
01:14:46,560 --> 01:14:50,439
Speaker 18: do is remain aware of what is happening and then

1447
01:14:50,560 --> 01:14:53,120
Speaker 18: be analyzing what that means for New Zealand. But no,

1448
01:14:53,320 --> 01:14:55,400
Speaker 18: I don't think that's the case. And of course there

1449
01:14:55,479 --> 01:14:58,559
Speaker 18: have been other factors since those previous forecasts were put out,

1450
01:14:59,200 --> 01:15:02,080
Speaker 18: some of which have been positive factors. So there's ups

1451
01:15:02,120 --> 01:15:04,320
Speaker 18: and downs, overs and unders, and I intend to keep

1452
01:15:04,320 --> 01:15:05,520
Speaker 18: people updated.

1453
01:15:05,880 --> 01:15:08,519
Speaker 2: The elder situation. You had any update from them.

1454
01:15:10,200 --> 01:15:13,920
Speaker 18: No, I haven't. Of course, we have requested that they

1455
01:15:14,040 --> 01:15:17,519
Speaker 18: respond to our request for their interest in our market,

1456
01:15:18,120 --> 01:15:21,120
Speaker 18: and look, there's no guarantee that they will respond. I'd

1457
01:15:21,200 --> 01:15:23,360
Speaker 18: be very keen to see them do so, along with

1458
01:15:23,479 --> 01:15:27,600
Speaker 18: Little who are another hard discounter who internationally where the

1459
01:15:27,640 --> 01:15:31,439
Speaker 18: invented markets have brought grocery prices down. But ultimately whether

1460
01:15:31,520 --> 01:15:33,880
Speaker 18: they respond to New Zealand's call is up to them,

1461
01:15:33,960 --> 01:15:34,479
Speaker 18: not up to me.

1462
01:15:35,479 --> 01:15:38,080
Speaker 2: Have you have you specifically? Aren't? It seems old that

1463
01:15:38,160 --> 01:15:39,600
Speaker 2: I mean, they're the big one you want and they

1464
01:15:39,640 --> 01:15:42,000
Speaker 2: haven't even replied. Have they done it? Have they just

1465
01:15:42,080 --> 01:15:44,240
Speaker 2: seen you on on? Have they left you on scene?

1466
01:15:45,040 --> 01:15:45,080
Speaker 11: No?

1467
01:15:45,320 --> 01:15:48,719
Speaker 18: To be clear, my officials have been asked to write

1468
01:15:48,800 --> 01:15:52,320
Speaker 18: to them requesting that they respond to our request for

1469
01:15:52,400 --> 01:15:54,439
Speaker 18: information process and I haven't.

1470
01:15:54,840 --> 01:15:58,280
Speaker 2: Well, I take rock out of supermarkets. This is not

1471
01:15:58,360 --> 01:15:59,639
Speaker 2: the way to go about it, Nicolas.

1472
01:16:00,080 --> 01:16:02,479
Speaker 18: Look, i'd disagree, Ryan, because there's still a few weeks

1473
01:16:02,520 --> 01:16:05,759
Speaker 18: to go on the process, and we'll have an update

1474
01:16:05,760 --> 01:16:07,200
Speaker 18: at the end of the process as to whether or

1475
01:16:07,240 --> 01:16:08,000
Speaker 18: not they've responded.

1476
01:16:08,760 --> 01:16:13,600
Speaker 2: Now, Adrian, or how come your press secretary prepped you

1477
01:16:13,920 --> 01:16:17,080
Speaker 2: for a question about Adrian or raising his voice?

1478
01:16:18,120 --> 01:16:19,880
Speaker 18: Oh, look, I wouldn't read too much into that. That's

1479
01:16:19,960 --> 01:16:22,600
Speaker 18: just press secretaries imagining the sorts of questions that I

1480
01:16:22,720 --> 01:16:23,360
Speaker 18: might get asked.

1481
01:16:24,240 --> 01:16:26,840
Speaker 2: Did they often imagine that people raise their voice and

1482
01:16:26,920 --> 01:16:28,879
Speaker 2: meetings with you? Or was it just Adrian?

1483
01:16:30,479 --> 01:16:33,600
Speaker 18: I think that this is just press secretaries anticipating you,

1484
01:16:33,760 --> 01:16:37,200
Speaker 18: wiley journalists and the broad range of questions that you

1485
01:16:37,320 --> 01:16:40,719
Speaker 18: ask in a range of circumstances, and getting me prepared

1486
01:16:40,760 --> 01:16:42,000
Speaker 18: for questions I might be asked.

1487
01:16:42,360 --> 01:16:43,720
Speaker 2: Did he ever raise his voice with you?

1488
01:16:44,960 --> 01:16:48,240
Speaker 18: No, as you can imagine, we had robust exchanges, as

1489
01:16:48,280 --> 01:16:51,160
Speaker 18: I do with a range of officials, But I don't

1490
01:16:51,200 --> 01:16:52,759
Speaker 18: recall him raising his voice.

1491
01:16:54,040 --> 01:16:57,719
Speaker 2: And you would, I'm assuming Why could a medical school

1492
01:16:57,760 --> 01:16:59,960
Speaker 2: very quickly there is apparently going to be an announcement

1493
01:17:00,120 --> 01:17:03,120
Speaker 2: this the or cabinet was making a decision or discussing

1494
01:17:03,200 --> 01:17:04,599
Speaker 2: it today. Is that correct?

1495
01:17:05,640 --> 01:17:08,360
Speaker 18: A cabinet hasn't made a decision on that matter. As

1496
01:17:08,439 --> 01:17:12,080
Speaker 18: you know, we are considering a detailed business case in

1497
01:17:12,160 --> 01:17:15,760
Speaker 18: the future. We haven't had that discussion yet.

1498
01:17:15,920 --> 01:17:18,599
Speaker 2: Okay, really appreciate your time, minister. Thank you very much.

1499
01:17:18,760 --> 01:17:23,639
Speaker 2: Nikola Willis Finance Minister. Here Every Monday seventeen after six it's.

1500
01:17:23,560 --> 01:17:26,720
Speaker 1: The Heather Duper See Alan Drive Full Show podcast on

1501
01:17:26,960 --> 01:17:29,240
Speaker 1: my Heart Radio empowered by News Talk.

1502
01:17:29,160 --> 01:17:32,599
Speaker 2: ZIBBI News Talk zb It is six twenty Shane Solely

1503
01:17:32,640 --> 01:17:36,160
Speaker 2: Sea Harbor Asset Management Shane. Good evening, good evening, right,

1504
01:17:36,280 --> 01:17:39,120
Speaker 2: good to have you on. So the big falls over

1505
01:17:39,200 --> 01:17:41,479
Speaker 2: the in the US obviously at the end of last

1506
01:17:41,560 --> 01:17:43,760
Speaker 2: week and then we had the index down today. We

1507
01:17:43,840 --> 01:17:46,479
Speaker 2: had the AX down today, that's come back somewhat. We've

1508
01:17:46,520 --> 01:17:50,720
Speaker 2: had Asian shares down. How did the insdets finish today.

1509
01:17:51,240 --> 01:17:53,519
Speaker 20: Yeah, we were down about three point seven busy. It

1510
01:17:53,600 --> 01:17:57,360
Speaker 20: was quite a broad sell off today, Ryan weakness. Really

1511
01:17:57,400 --> 01:17:59,599
Speaker 20: the market was dragged down for Fish and Bugle, Healthcare,

1512
01:17:59,680 --> 01:18:02,920
Speaker 20: Orkney or Infantol, main freight contact. But there was a

1513
01:18:03,040 --> 01:18:05,960
Speaker 20: very few stocks that were in green. Very few stocks

1514
01:18:06,000 --> 01:18:08,640
Speaker 20: that went up today. Excuse me, but yeah, excuse me.

1515
01:18:08,720 --> 01:18:11,880
Speaker 20: Hong Kong was the weakest market today, down twelve. They're

1516
01:18:11,920 --> 01:18:14,200
Speaker 20: catching up the rest of the world after a couple

1517
01:18:14,240 --> 01:18:17,519
Speaker 20: of days of holidays, so they're definitely caught up quite fast.

1518
01:18:18,479 --> 01:18:22,320
Speaker 2: And what is your take on why we had blood

1519
01:18:22,360 --> 01:18:24,479
Speaker 2: living on the Thursday and then we had even more

1520
01:18:24,520 --> 01:18:27,040
Speaker 2: on the Friday, and then here in New Zealand and

1521
01:18:27,080 --> 01:18:29,879
Speaker 2: in Asia we've had even more again? Is it because

1522
01:18:30,400 --> 01:18:32,600
Speaker 2: perhaps everyone was thinking, oh, Trump will pull back and

1523
01:18:32,600 --> 01:18:35,840
Speaker 2: he'll negotiate, and then over the weekend the retric was not,

1524
01:18:36,120 --> 01:18:38,559
Speaker 2: We're sticking to our guns. Has that made things worse?

1525
01:18:39,400 --> 01:18:39,559
Speaker 3: Yeah?

1526
01:18:39,640 --> 01:18:43,479
Speaker 20: This reciprocal tariff actions are really putting pressure on so today,

1527
01:18:44,000 --> 01:18:46,439
Speaker 20: over the week we've had China and tomorrow apparently the

1528
01:18:46,439 --> 01:18:49,200
Speaker 20: European Union going to come out with some response to

1529
01:18:49,280 --> 01:18:53,040
Speaker 20: the tariffs, and it's really excuse me, right, putting pressure

1530
01:18:53,120 --> 01:18:57,680
Speaker 20: on people's expectations of capitulation. What we did see today though,

1531
01:18:57,800 --> 01:19:00,240
Speaker 20: is the Vietnamese government come out so, yeah, we're going

1532
01:19:00,320 --> 01:19:02,880
Speaker 20: to remove all tariffs on you as imports. That's the

1533
01:19:03,000 --> 01:19:05,800
Speaker 20: first gliment we've had of a deal. So when we're

1534
01:19:05,800 --> 01:19:07,800
Speaker 20: looking for a circuit breaker. You know what gets us

1535
01:19:07,800 --> 01:19:11,120
Speaker 20: out of this? It is potentially deals like this. Of course,

1536
01:19:11,120 --> 01:19:14,280
Speaker 20: the other one being cuts by central banks and interest rates.

1537
01:19:14,320 --> 01:19:15,360
Speaker 20: But we're a little way away from that.

1538
01:19:16,240 --> 01:19:19,080
Speaker 2: Yeah, and what about a circuit breaker? I mean, hopefully

1539
01:19:19,160 --> 01:19:20,840
Speaker 2: things like that would keep happening. But what do you

1540
01:19:20,920 --> 01:19:22,800
Speaker 2: think it would take to stabilize the market.

1541
01:19:24,000 --> 01:19:25,920
Speaker 20: Look, I think the market itself is putting pressure on

1542
01:19:25,960 --> 01:19:29,000
Speaker 20: the regulations. It's putting pressure on the people that are

1543
01:19:29,000 --> 01:19:32,519
Speaker 20: making policy changes. But we do think it's about literacies

1544
01:19:32,560 --> 01:19:35,800
Speaker 20: and deals, let's saism trade deals. It's also about can

1545
01:19:36,080 --> 01:19:38,720
Speaker 20: these central banks cut rates? There's definitely plenty of room

1546
01:19:38,840 --> 01:19:42,040
Speaker 20: for the central banks to cut rates, excuse me, And

1547
01:19:42,080 --> 01:19:46,080
Speaker 20: of course our central bankers you do report Wednesday this week,

1548
01:19:46,120 --> 01:19:48,920
Speaker 20: and they should be cutting rates. Whether they cut heavily

1549
01:19:49,040 --> 01:19:51,519
Speaker 20: is probably unlikely, but that's the sort of thing that

1550
01:19:51,560 --> 01:19:53,679
Speaker 20: we'll see investors revisit markets.

1551
01:19:54,360 --> 01:19:56,160
Speaker 2: All Right, we better leave it there, Shane. You're go

1552
01:19:56,200 --> 01:19:59,000
Speaker 2: and having glass of water, solely have resset management. It

1553
01:19:59,080 --> 01:20:01,960
Speaker 2: is twenty two minutes sixties took v. There is an

1554
01:20:01,960 --> 01:20:07,120
Speaker 2: exemption for our woods producers and manufacturers, and we're going

1555
01:20:07,160 --> 01:20:09,599
Speaker 2: to talk to them after six thirty, because yes, it's

1556
01:20:09,640 --> 01:20:11,880
Speaker 2: good that they've got an exemption, but how long does

1557
01:20:11,920 --> 01:20:12,880
Speaker 2: something like that last?

1558
01:20:13,280 --> 01:20:17,360
Speaker 1: Everything from SMEs to the big corporates, The Business Hour

1559
01:20:17,680 --> 01:20:22,400
Speaker 1: with Ryan Bridge and Plans, insurance and investments, grew your wealth,

1560
01:20:22,600 --> 01:20:24,479
Speaker 1: Protect your future, news Dogs EDB.

1561
01:20:25,880 --> 01:20:28,280
Speaker 2: So we've had the latest one news Varium Pole. We'll

1562
01:20:28,320 --> 01:20:30,920
Speaker 2: get you across at National up two to thirty six,

1563
01:20:31,240 --> 01:20:34,840
Speaker 2: Labored down one to thirty two, Green Steady on ten,

1564
01:20:35,040 --> 01:20:38,240
Speaker 2: AX Steady on nine. New Zealand first on seven they're

1565
01:20:38,360 --> 01:20:41,679
Speaker 2: up too, and Multi Party is on three down one.

1566
01:20:42,920 --> 01:20:45,400
Speaker 2: So on these numbers, the coalition has the numbers to govern.

1567
01:20:45,520 --> 01:20:47,680
Speaker 2: So basically everything that happened in the last couple of

1568
01:20:47,760 --> 01:20:50,960
Speaker 2: polls or excluding the taxpayers one or was it the

1569
01:20:51,080 --> 01:20:55,040
Speaker 2: RNZ one actually that had National back ahead, There was

1570
01:20:55,120 --> 01:20:56,840
Speaker 2: just a couple there that said labor of well the

1571
01:20:56,920 --> 01:21:00,840
Speaker 2: left block could have governed the preferred PM. Luxen is

1572
01:21:00,880 --> 01:21:05,599
Speaker 2: on twenty three, up one, Hapkins is up three on twenty.

1573
01:21:06,240 --> 01:21:09,880
Speaker 2: Winston Peter's up two on seven, Chloe Swarbrick's on four.

1574
01:21:09,960 --> 01:21:13,200
Speaker 2: She's down to David Seymour on three he's down three.

1575
01:21:14,760 --> 01:21:17,160
Speaker 2: The interesting thing for me about from all of these poles,

1576
01:21:17,200 --> 01:21:19,400
Speaker 2: because they're all pretty much of a muchness, really, aren't they.

1577
01:21:19,840 --> 01:21:21,360
Speaker 2: The left block a little bit of head, the right

1578
01:21:21,920 --> 01:21:24,680
Speaker 2: block a little bit ahead. When it comes down to it,

1579
01:21:24,800 --> 01:21:26,519
Speaker 2: no one's going to want the Greens and to Party

1580
01:21:26,640 --> 01:21:30,599
Speaker 2: Maori in the hot seat, particularly if we are still

1581
01:21:30,680 --> 01:21:34,920
Speaker 2: recovering from recession, turning up backs on recession and Trump

1582
01:21:35,120 --> 01:21:38,400
Speaker 2: is launching trade missiles across the world. Do you want

1583
01:21:38,479 --> 01:21:41,000
Speaker 2: Chloe in there? But the interesting thing for me is

1584
01:21:41,680 --> 01:21:45,760
Speaker 2: Winston Peters has been a real star of these recent poles,

1585
01:21:45,800 --> 01:21:48,080
Speaker 2: including the Taxpayers Union pole where he was up three

1586
01:21:48,200 --> 01:21:52,519
Speaker 2: or four points to thirteen for preferred Prime Minister, never

1587
01:21:52,600 --> 01:21:55,640
Speaker 2: been above ten previously, So people liking the cut of

1588
01:21:55,720 --> 01:22:00,360
Speaker 2: Winston's jib. Speaking of which we talk Wood next.

1589
01:22:01,520 --> 01:22:04,080
Speaker 3: If it's to do with money, it matters to you.

1590
01:22:04,640 --> 01:22:09,400
Speaker 1: The Business Hour with Ryan Bridge has mairs, insurance and investments,

1591
01:22:09,800 --> 01:22:11,639
Speaker 1: Grow your wealth, protect your future.

1592
01:22:11,960 --> 01:22:12,920
Speaker 3: News talks eNB.

1593
01:22:24,560 --> 01:22:26,760
Speaker 2: Get even in twenty five away from seven News Talks

1594
01:22:26,800 --> 01:22:30,000
Speaker 2: ZB the Greens that we were talking earlier about whether

1595
01:22:30,400 --> 01:22:33,880
Speaker 2: free trade is a left right issue, I mean certainly not.

1596
01:22:33,960 --> 01:22:37,559
Speaker 2: In New Zealand. Both political parties, our main political parties

1597
01:22:37,600 --> 01:22:39,240
Speaker 2: at least are on the same page when it comes

1598
01:22:39,280 --> 01:22:41,120
Speaker 2: to free trade, and we've had to kind of bipart

1599
01:22:41,160 --> 01:22:44,320
Speaker 2: as an agreement on it for decades now and it

1600
01:22:44,479 --> 01:22:47,160
Speaker 2: has been much to our benefit. But you look at

1601
01:22:47,360 --> 01:22:50,439
Speaker 2: in the United States and the Republican Party, there's a split, right,

1602
01:22:50,520 --> 01:22:54,200
Speaker 2: You've got your economic protectionists like Trump, who were wanting

1603
01:22:54,240 --> 01:22:57,640
Speaker 2: to put tariffs on everybody everywhere all the time, and

1604
01:22:57,720 --> 01:23:00,439
Speaker 2: then you've got free traders in the party as well,

1605
01:23:00,520 --> 01:23:03,640
Speaker 2: and there is a divide emerging there. But just I

1606
01:23:03,720 --> 01:23:07,680
Speaker 2: went and looked in the Green Parties policies today on

1607
01:23:07,760 --> 01:23:10,599
Speaker 2: their website. This is the Green Party Trade and Foreign

1608
01:23:10,640 --> 01:23:14,760
Speaker 2: Investment policy, and all of their policies start with honitory,

1609
01:23:14,840 --> 01:23:19,800
Speaker 2: honoring tatidity or waitangi, and ecological wisdom and social responsibility.

1610
01:23:20,400 --> 01:23:23,240
Speaker 2: But if you go down a few pages in you

1611
01:23:23,360 --> 01:23:28,280
Speaker 2: get to the detail point paragraph A Tariff's Quotas and

1612
01:23:28,320 --> 01:23:32,120
Speaker 2: Subsidies four point two, you will find a sentence that reads,

1613
01:23:32,560 --> 01:23:36,360
Speaker 2: the Green Party supports the option of using an across

1614
01:23:36,439 --> 01:23:40,000
Speaker 2: the board tariff to address a balance of payment problem.

1615
01:23:41,600 --> 01:23:46,280
Speaker 2: So the Greens and Trump also on the same page.

1616
01:23:48,040 --> 01:23:50,840
Speaker 2: Bad breach twenty four minutes away from seven now a

1617
01:23:50,960 --> 01:23:55,519
Speaker 2: local exporters They are for now breathing asigh of relief.

1618
01:23:55,600 --> 01:23:58,400
Speaker 2: The global timber industry will be immune from sweeping tariffs

1619
01:23:58,400 --> 01:24:01,200
Speaker 2: imposed on most of the world dark week. This is

1620
01:24:01,240 --> 01:24:05,719
Speaker 2: to help America with home building and they successfully lobbied

1621
01:24:05,920 --> 01:24:08,920
Speaker 2: Washington for this. He's had an exported about three hundred

1622
01:24:08,920 --> 01:24:11,160
Speaker 2: and sixty million dollars worth of radiator pine and to

1623
01:24:11,200 --> 01:24:14,679
Speaker 2: the US last year, about six percent of our overall

1624
01:24:14,920 --> 01:24:19,559
Speaker 2: timber exports. Wood process As and Manufacturers Association CEO Mark Ross,

1625
01:24:20,200 --> 01:24:22,160
Speaker 2: he looks after our wood industry and joins me.

1626
01:24:22,240 --> 01:24:26,240
Speaker 21: Now, Hi Mark, good day, Ryan, and thanks bringing on

1627
01:24:26,360 --> 01:24:26,679
Speaker 21: your show.

1628
01:24:27,000 --> 01:24:27,800
Speaker 2: Good to have you here.

1629
01:24:28,640 --> 01:24:29,400
Speaker 8: So what.

1630
01:24:30,880 --> 01:24:32,640
Speaker 2: First of all, were you surprised that there was an

1631
01:24:32,680 --> 01:24:33,439
Speaker 2: exemption given?

1632
01:24:34,520 --> 01:24:37,880
Speaker 21: Oh, lord, not totally surprise. One of the main reasons.

1633
01:24:37,920 --> 01:24:40,640
Speaker 21: They've got a Section two three investigation on which is

1634
01:24:41,200 --> 01:24:43,720
Speaker 21: looking at the too many effects imports of timber and

1635
01:24:43,840 --> 01:24:47,120
Speaker 21: lubber have on the United States supply chain. So that's

1636
01:24:47,160 --> 01:24:49,120
Speaker 21: only just close off on the first of April. In

1637
01:24:49,120 --> 01:24:52,040
Speaker 21: a way of submission, that inquiry is going through till

1638
01:24:52,520 --> 01:24:56,879
Speaker 21: probably November. So in the interim they've put this exemption

1639
01:24:57,080 --> 01:25:00,160
Speaker 21: on timber and lumber being imported into the US and

1640
01:25:00,280 --> 01:25:03,679
Speaker 21: also our power of the lobbyists in America who actually

1641
01:25:04,120 --> 01:25:09,000
Speaker 21: helping our cause, local home building Associations and the Building

1642
01:25:09,080 --> 01:25:12,880
Speaker 21: Materials Alliance. They're lobbying White House hard to make sure

1643
01:25:12,920 --> 01:25:15,080
Speaker 21: that imported some of that can still come into America

1644
01:25:15,680 --> 01:25:17,760
Speaker 21: as a means of keeping house prices done.

1645
01:25:18,880 --> 01:25:20,760
Speaker 2: This is our third light. I mean, should we need

1646
01:25:20,880 --> 01:25:25,280
Speaker 2: to pay a tariff? Well, actually, if they do put

1647
01:25:25,360 --> 01:25:28,799
Speaker 2: the tariffs back on and they take away this exemption,

1648
01:25:29,640 --> 01:25:32,439
Speaker 2: presumably we would be in a better position than others

1649
01:25:32,560 --> 01:25:34,559
Speaker 2: because our tariff rates only ten percent.

1650
01:25:35,640 --> 01:25:37,960
Speaker 21: Yeah, I hopes so too. In the products we supply

1651
01:25:38,040 --> 01:25:42,280
Speaker 21: they actually need. Look, there's no pinustrating out a processing

1652
01:25:42,760 --> 01:25:45,880
Speaker 21: in men in America, so we supply products that go

1653
01:25:45,960 --> 01:25:48,320
Speaker 21: straight into the do it yourself in the home market,

1654
01:25:48,439 --> 01:25:51,720
Speaker 21: and the high quality products are the durable and the

1655
01:25:51,800 --> 01:25:54,880
Speaker 21: appearance gave products and they love them, and then they

1656
01:25:54,960 --> 01:25:57,760
Speaker 21: really want us to keep exporting those. So, yeah, just

1657
01:25:57,800 --> 01:26:00,320
Speaker 21: staying the market's growing thirty percent in the last five years,

1658
01:26:00,840 --> 01:26:03,880
Speaker 21: so we're really hoping that, you know, we're not the target.

1659
01:26:04,920 --> 01:26:08,360
Speaker 21: Canadians and Mexico eighty five percent of the US imported

1660
01:26:08,439 --> 01:26:11,719
Speaker 21: kimber market. That's sort of the targets, and we're hoping

1661
01:26:11,800 --> 01:26:13,720
Speaker 21: we make it. You can slip by, but it's a

1662
01:26:13,760 --> 01:26:16,840
Speaker 21: long shot that for now here.

1663
01:26:17,000 --> 01:26:19,600
Speaker 2: Yeah, would that be your main competitor would be the

1664
01:26:19,680 --> 01:26:21,120
Speaker 2: Canadians going into the US.

1665
01:26:21,800 --> 01:26:24,240
Speaker 21: Oh, I know that not on the products that we export,

1666
01:26:24,400 --> 01:26:26,760
Speaker 21: but just generally, you know, they export a lot of

1667
01:26:27,120 --> 01:26:30,000
Speaker 21: lumber into the US, you know, to Chump's having a

1668
01:26:30,040 --> 01:26:31,519
Speaker 21: bit of a gar of late.

1669
01:26:31,720 --> 01:26:34,040
Speaker 2: Yeah, it doesn't like Canada. I don't know what they've

1670
01:26:34,080 --> 01:26:37,360
Speaker 2: done wrong, but something pretty bad. All right, So this

1671
01:26:37,560 --> 01:26:39,880
Speaker 2: is all kind of fine for you guys at the moment.

1672
01:26:40,000 --> 01:26:42,880
Speaker 2: You'll you'll watch and see how it goes. What about

1673
01:26:43,000 --> 01:26:46,080
Speaker 2: the six percent that we do export there? If you

1674
01:26:46,200 --> 01:26:49,479
Speaker 2: needed to redirect it would be Would that be relatively

1675
01:26:49,520 --> 01:26:51,400
Speaker 2: easy to do? Because I know number one is trying

1676
01:26:51,439 --> 01:26:53,599
Speaker 2: to write Number two is Australia and then number three

1677
01:26:53,680 --> 01:26:54,200
Speaker 2: is the US.

1678
01:26:55,320 --> 01:26:57,720
Speaker 21: Yeah, and it would be pretty hard. The companies that

1679
01:26:57,840 --> 01:27:01,240
Speaker 21: export there is about fifteen to eighteen New Zealand businesses.

1680
01:27:01,320 --> 01:27:04,760
Speaker 21: They've worked really hard to get those markets and they've

1681
01:27:04,800 --> 01:27:07,559
Speaker 21: actually spent a lot of time on the ground building

1682
01:27:07,600 --> 01:27:10,759
Speaker 21: them up, and some of them actually sort of unique

1683
01:27:10,880 --> 01:27:13,400
Speaker 21: to the US. So it'd be really hard to substitute

1684
01:27:13,439 --> 01:27:15,800
Speaker 21: those markets. You know we're doing a lot more to

1685
01:27:15,920 --> 01:27:19,240
Speaker 21: Asian now to parts of Vietnam and Philippines for example,

1686
01:27:19,360 --> 01:27:22,680
Speaker 21: But yeah, yeah, we we'd love to retain it the

1687
01:27:22,840 --> 01:27:26,160
Speaker 21: US market and if we can main tariff exempt, it'll

1688
01:27:26,200 --> 01:27:26,519
Speaker 21: be great.

1689
01:27:27,600 --> 01:27:29,680
Speaker 2: And what sort of stuff are we actually sending you

1690
01:27:29,760 --> 01:27:33,080
Speaker 2: mentioned like, is it home DIY stores that kind of thing.

1691
01:27:34,080 --> 01:27:38,080
Speaker 21: Yeah, yes, it's like a parents' grade timber. It's for example,

1692
01:27:38,320 --> 01:27:42,519
Speaker 21: there's products going in like prime treated durable pine sightings

1693
01:27:42,560 --> 01:27:45,880
Speaker 21: and trom boards, so it's quite specialist construction products. And

1694
01:27:46,880 --> 01:27:49,679
Speaker 21: you know the durability when they've been treated as fairty

1695
01:27:49,720 --> 01:27:53,080
Speaker 21: as plus versus the local cedar and Edward products which

1696
01:27:53,120 --> 01:27:55,800
Speaker 21: are so durable and don't take the treatment so well.

1697
01:27:55,920 --> 01:27:55,960
Speaker 11: So.

1698
01:27:56,439 --> 01:27:58,880
Speaker 21: And also we do long clear board, so we proNT

1699
01:27:58,880 --> 01:28:01,920
Speaker 21: our pine trees. We got great story to tell about

1700
01:28:01,920 --> 01:28:05,680
Speaker 21: a sustainable pine plantations, but that's another story. But you

1701
01:28:05,840 --> 01:28:09,240
Speaker 21: leave it and you get long clear timber, so they

1702
01:28:09,240 --> 01:28:11,720
Speaker 21: don't have any knots in their appearance grade and they

1703
01:28:11,840 --> 01:28:14,840
Speaker 21: look great on the houses and that you can see

1704
01:28:14,880 --> 01:28:18,000
Speaker 21: that around your selling as well. Yeah, we've just got

1705
01:28:18,000 --> 01:28:18,920
Speaker 21: a realiniche Smarke at.

1706
01:28:18,880 --> 01:28:21,880
Speaker 2: There, brilliant long mate, last Mark, thanks for coming on

1707
01:28:21,960 --> 01:28:24,120
Speaker 2: the show. That's Mark Ross's CEO of the Wood Processes

1708
01:28:24,160 --> 01:28:26,960
Speaker 2: and Manufacturers Association of New Zealand. It is nineteen minutes

1709
01:28:26,960 --> 01:28:28,759
Speaker 2: away from seven. Will be in London next.

1710
01:28:28,840 --> 01:28:31,040
Speaker 3: Croaching the numbers and getting the results.

1711
01:28:31,320 --> 01:28:35,440
Speaker 1: It's Ryan Bridge with the Business Hour and mes Insurance

1712
01:28:35,520 --> 01:28:39,320
Speaker 1: and Investments, Grew your wealth and protect your future news Dogs.

1713
01:28:39,320 --> 01:28:42,439
Speaker 2: That'd be sixteen away from the seven. I love a

1714
01:28:42,479 --> 01:28:45,720
Speaker 2: good tif between Disley Simpson and Wayne Brown because there's

1715
01:28:45,760 --> 01:28:47,680
Speaker 2: these rumors about is she going to run for me?

1716
01:28:47,800 --> 01:28:50,360
Speaker 2: Because he's running for me again obviously, and she's been

1717
01:28:50,400 --> 01:28:52,240
Speaker 2: wanting to run and wanting to run and this might

1718
01:28:52,280 --> 01:28:55,000
Speaker 2: be her last chance to run and blah blah blah. Anyway,

1719
01:28:55,040 --> 01:28:56,720
Speaker 2: she hasn't said yet whether she's going to run or not.

1720
01:28:57,120 --> 01:29:01,519
Speaker 2: But apparently he rang Simon Wills from The Herald and

1721
01:29:01,760 --> 01:29:06,400
Speaker 2: said of Disley Simpson and all she thinks about is

1722
01:29:06,439 --> 01:29:08,160
Speaker 2: how to this because you know she was wears the

1723
01:29:08,240 --> 01:29:11,519
Speaker 2: Gucci sunglasses on her hip forehead. All she thinks about

1724
01:29:11,600 --> 01:29:16,360
Speaker 2: is how to help people buying their next Lamborghini. You

1725
01:29:16,439 --> 01:29:19,360
Speaker 2: know she's from the fancy suburb in Aucklandon. She wears

1726
01:29:19,400 --> 01:29:22,000
Speaker 2: the Gucci sang glasses anyway, he's apologized for that, so

1727
01:29:23,040 --> 01:29:24,519
Speaker 2: I don't know. We'll just wait until we get the

1728
01:29:24,600 --> 01:29:27,400
Speaker 2: next serve, really, won't we It's sixteen away from seven

1729
01:29:27,760 --> 01:29:31,000
Speaker 2: Ryan Bridge. Over in the UK, the Brits have wanted

1730
01:29:31,080 --> 01:29:34,120
Speaker 2: by twenty thirty to stop selling petrol and diesel cars.

1731
01:29:34,320 --> 01:29:36,360
Speaker 2: They banned it in fact. But Kis Starmer has done

1732
01:29:36,360 --> 01:29:39,440
Speaker 2: a speech. It could all change. Gavin Gray, a UK correspondent,

1733
01:29:39,520 --> 01:29:40,360
Speaker 2: Gavin good evening.

1734
01:29:41,240 --> 01:29:43,400
Speaker 19: Hither Ryan, Yeah, it's going to be an interesting one.

1735
01:29:43,439 --> 01:29:45,280
Speaker 19: Where do you to hear from him? Shortly? This is

1736
01:29:45,320 --> 01:29:48,519
Speaker 19: all about trying to help the car manufacturing industry here

1737
01:29:48,560 --> 01:29:52,759
Speaker 19: in the UK survive those tariffs that America imposed. America

1738
01:29:52,800 --> 01:29:57,280
Speaker 19: a very very big market for the UK car industry.

1739
01:29:57,680 --> 01:30:00,760
Speaker 19: So what we believe Kis Starmer will do is while

1740
01:30:00,920 --> 01:30:03,600
Speaker 19: keeping that general twenty thirty ban on the sale of

1741
01:30:03,680 --> 01:30:06,840
Speaker 19: cars powdered by petrol and diesel, keeping that in place,

1742
01:30:07,520 --> 01:30:11,400
Speaker 19: these targets for every year until twenty thirty, saying how

1743
01:30:11,439 --> 01:30:15,240
Speaker 19: many electric vehicles must be sold by each manufacturer before

1744
01:30:15,280 --> 01:30:18,680
Speaker 19: they get fined. Those are likely to be relaxed. So

1745
01:30:19,080 --> 01:30:22,000
Speaker 19: currently we have a system where each manufacturer is told

1746
01:30:22,080 --> 01:30:24,920
Speaker 19: you have to sell this many electric vehicles. If you

1747
01:30:25,120 --> 01:30:28,040
Speaker 19: don't sell this many, then you basically get fined, and

1748
01:30:28,160 --> 01:30:30,639
Speaker 19: that's led to some of them having to almost stop

1749
01:30:30,800 --> 01:30:33,559
Speaker 19: the sales of petrol and diesel cars that they might

1750
01:30:33,640 --> 01:30:37,320
Speaker 19: have sold in order to push and promote the electric vehicles.

1751
01:30:37,360 --> 01:30:40,559
Speaker 19: We believe Sekirstarm is going to change that. We also

1752
01:30:40,680 --> 01:30:44,280
Speaker 19: think that he's going to look at trying to put

1753
01:30:44,360 --> 01:30:48,679
Speaker 19: safeguards on the steel industry here, and the big theory

1754
01:30:48,720 --> 01:30:50,720
Speaker 19: is that we will become, along with other nations, are

1755
01:30:50,800 --> 01:30:55,160
Speaker 19: dumping ground for steel, cheaper steel, particularly from China that

1756
01:30:55,320 --> 01:30:58,280
Speaker 19: will no longer get into America. So we're expecting the

1757
01:30:58,280 --> 01:31:01,040
Speaker 19: announcement of some kind of safeguard there, and we also

1758
01:31:01,120 --> 01:31:04,840
Speaker 19: think they're going to bring forward investment announcements now in

1759
01:31:05,000 --> 01:31:07,600
Speaker 19: order to try and get the country growing using the

1760
01:31:07,680 --> 01:31:10,960
Speaker 19: steal that we've got and trying to keep people in work.

1761
01:31:11,320 --> 01:31:14,080
Speaker 19: We also are waiting to hear We understand that the

1762
01:31:14,080 --> 01:31:16,880
Speaker 19: apparently the government believes a deal a trade deal with

1763
01:31:17,000 --> 01:31:20,120
Speaker 19: India is now not far away, with the pressure particularly

1764
01:31:20,240 --> 01:31:23,160
Speaker 19: on India as well hit by a twenty six percent

1765
01:31:23,280 --> 01:31:25,960
Speaker 19: tariff by the US, and we believe that deal could

1766
01:31:26,000 --> 01:31:28,880
Speaker 19: well be announced over the coming weeks. But pressure to

1767
01:31:28,960 --> 01:31:31,160
Speaker 19: get that deal done and get it done quickly.

1768
01:31:31,520 --> 01:31:34,080
Speaker 2: All right, what about these two UK in peace. What's

1769
01:31:34,120 --> 01:31:36,360
Speaker 2: the story with them. They're trying it into the occupied

1770
01:31:36,400 --> 01:31:39,360
Speaker 2: wisk Bend, going through Israel and denied intry to Israel.

1771
01:31:40,560 --> 01:31:41,280
Speaker 3: Yeah, that's right.

1772
01:31:41,400 --> 01:31:45,360
Speaker 19: So Abtizam Mohammad and yuang Yan both were on a

1773
01:31:45,439 --> 01:31:47,760
Speaker 19: trip to the occupied West Bank. They said they wanted

1774
01:31:47,800 --> 01:31:51,080
Speaker 19: a witness first hand the situation and were stopped at

1775
01:31:51,160 --> 01:31:55,280
Speaker 19: the airport. Now Israel said that, you know, we believe

1776
01:31:55,360 --> 01:31:59,840
Speaker 19: these two were effectively going to create speech that would

1777
01:31:59,840 --> 01:32:03,519
Speaker 19: have caused a great deal of concern and might have

1778
01:32:03,640 --> 01:32:08,840
Speaker 19: been of significant security concerns to their country. And both

1779
01:32:09,000 --> 01:32:12,799
Speaker 19: have made speeches in parliament criticizing the situation in Gaza

1780
01:32:13,120 --> 01:32:17,400
Speaker 19: and heavily criticizing Israel. But the idea that two existing

1781
01:32:17,560 --> 01:32:20,760
Speaker 19: members of parliament are deemed good enough for Parliament but

1782
01:32:21,000 --> 01:32:23,720
Speaker 19: not deemed good enough to enter Israel has caused, as

1783
01:32:23,760 --> 01:32:25,760
Speaker 19: you can imagine, quite a bit of shock. They said

1784
01:32:25,760 --> 01:32:30,240
Speaker 19: they were in shock, and the Foreign Secretary says that

1785
01:32:30,800 --> 01:32:34,240
Speaker 19: it's been really poor judgment by the Israelis to do

1786
01:32:34,400 --> 01:32:37,519
Speaker 19: this and very concerning. But interestingly, the leader of the

1787
01:32:37,600 --> 01:32:40,439
Speaker 19: Conservative parties have said, well, Israel's got every right to

1788
01:32:40,479 --> 01:32:43,559
Speaker 19: defend their and control their own borders, and the fact

1789
01:32:43,560 --> 01:32:45,679
Speaker 19: that we've got a couple of labor MPs who can't

1790
01:32:45,720 --> 01:32:49,160
Speaker 19: even get into a certain country is really really worrying.

1791
01:32:49,240 --> 01:32:51,920
Speaker 19: Now people have roundly condemned her, saying she should be

1792
01:32:52,040 --> 01:32:56,200
Speaker 19: supporting free speech, she should be supporting this pair either way.

1793
01:32:56,240 --> 01:32:57,240
Speaker 19: A bit of a model run.

1794
01:32:57,800 --> 01:33:01,080
Speaker 2: You've got a new title to the River Thames too,

1795
01:33:01,280 --> 01:33:03,160
Speaker 2: haven't you. Yeah?

1796
01:33:03,360 --> 01:33:07,200
Speaker 19: Expensive though, so these new tunnels pretty few and far between.

1797
01:33:07,280 --> 01:33:10,840
Speaker 19: This one called the Blackwall Tunnel set in East London

1798
01:33:11,400 --> 01:33:15,280
Speaker 19: meant to really ease congestion over the very very significantly

1799
01:33:15,400 --> 01:33:19,240
Speaker 19: busy roads that affect it and the Blackwall Tunnel nearby.

1800
01:33:20,120 --> 01:33:23,479
Speaker 19: And so this new one called the Silvertown Tunnel is

1801
01:33:23,600 --> 01:33:26,800
Speaker 19: going to link East London to Southeast London. It comes though,

1802
01:33:26,840 --> 01:33:31,519
Speaker 19: at a cost of almost five billion New Zealand dollars.

1803
01:33:31,880 --> 01:33:33,519
Speaker 19: How are we going to pay for that? Well, it's

1804
01:33:33,600 --> 01:33:37,360
Speaker 19: done by private finance, meaning everyone that uses it is

1805
01:33:37,479 --> 01:33:40,880
Speaker 19: going to have to pay a toll. Interestingly, the toll

1806
01:33:41,120 --> 01:33:44,000
Speaker 19: varies according to the time of day and the day

1807
01:33:44,600 --> 01:33:49,400
Speaker 19: you want to use it. They've decided this new sort

1808
01:33:49,400 --> 01:33:53,080
Speaker 19: of system of pricing is the way forward called dynamic

1809
01:33:53,240 --> 01:33:58,320
Speaker 19: pricing here, and they say it will significantly reduce journey times,

1810
01:33:58,400 --> 01:34:02,200
Speaker 19: taking some twenty minutes off that journey through the old tunnel.

1811
01:34:02,280 --> 01:34:06,040
Speaker 19: But environmentalists not happy, saying it's encouraging people to use

1812
01:34:06,120 --> 01:34:09,720
Speaker 19: the car and not bicycle or any other mode of transport.

1813
01:34:10,600 --> 01:34:12,920
Speaker 2: All right, Gavin, thanks for that. Appreciate your time, Gavin Gray,

1814
01:34:13,000 --> 01:34:16,520
Speaker 2: a UK correspondent. It is eleven away from seven NEWSTALKSBB.

1815
01:34:17,800 --> 01:34:20,360
Speaker 1: It's the heather too for see Alan Drive Full Show

1816
01:34:20,479 --> 01:34:24,080
Speaker 1: podcast on iHeartRadio powered by News Talks EBB.

1817
01:34:24,920 --> 01:34:28,880
Speaker 2: News TALKSZBB seven Sorry, eight minutes away from seven o'clock.

1818
01:34:29,200 --> 01:34:31,880
Speaker 2: A couple of things to run you through. Tory Faro

1819
01:34:32,200 --> 01:34:35,439
Speaker 2: has successfully got herself back on the Green ticket to

1820
01:34:35,560 --> 01:34:38,760
Speaker 2: run for mayor of Wellington once again. She says I

1821
01:34:38,840 --> 01:34:41,360
Speaker 2: am the right person to keep delivering for our city.

1822
01:34:41,479 --> 01:34:44,920
Speaker 2: What exactly does delivering mean to people? I don't know?

1823
01:34:45,120 --> 01:34:48,200
Speaker 2: Couldn't I mean people say she couldn't deliver pizza. This

1824
01:34:48,400 --> 01:34:50,280
Speaker 2: is some of the quotes from here. We've worked hard

1825
01:34:50,320 --> 01:34:52,439
Speaker 2: to deliver for Wellington. I'm proud of the progress we've

1826
01:34:52,479 --> 01:34:55,719
Speaker 2: achieved in the last two years on water infrastructure, housing

1827
01:34:55,880 --> 01:34:58,920
Speaker 2: and climate resilience. I mean, you've been ripped off to

1828
01:34:59,000 --> 01:35:03,000
Speaker 2: the tune of millions of dollars for your pipes and

1829
01:35:04,280 --> 01:35:07,160
Speaker 2: the ground is still leaking. I want to see our

1830
01:35:07,200 --> 01:35:10,839
Speaker 2: city thrive with affordable housing and transformational projects that delivers

1831
01:35:10,840 --> 01:35:13,719
Speaker 2: a fish and public transport, a full cycle way network,

1832
01:35:13,760 --> 01:35:17,320
Speaker 2: and pedestrian friendly streets. So if you're in Wellington and

1833
01:35:17,920 --> 01:35:20,720
Speaker 2: Tory Fannero becomes your mirror again, you're green mare again.

1834
01:35:20,840 --> 01:35:24,439
Speaker 2: No less than you have yourselves to blame. And I

1835
01:35:24,560 --> 01:35:26,720
Speaker 2: know there's students there who vote and no one else does.

1836
01:35:26,800 --> 01:35:29,200
Speaker 2: But the point is, if you don't like this, and

1837
01:35:29,240 --> 01:35:30,960
Speaker 2: every time I go to Wellington, people say to me,

1838
01:35:31,439 --> 01:35:33,880
Speaker 2: we hate this. We're not and everyone thinks we're this

1839
01:35:34,040 --> 01:35:36,280
Speaker 2: green city. Well we sort of are, but most of

1840
01:35:36,400 --> 01:35:39,760
Speaker 2: us don't like this stuff, and it's been done in

1841
01:35:39,840 --> 01:35:43,200
Speaker 2: a way that's undemocratic and is wasting everyone's time and

1842
01:35:43,280 --> 01:35:48,720
Speaker 2: money and making the city unmovable. Then do something about it.

1843
01:35:49,000 --> 01:35:50,640
Speaker 2: Go and tell a friend to vote, you know what

1844
01:35:50,680 --> 01:35:53,840
Speaker 2: I mean, Go and actually vote, don't just whinge about

1845
01:35:53,840 --> 01:35:57,759
Speaker 2: it on the street. This is an interesting stat about

1846
01:35:57,880 --> 01:36:01,599
Speaker 2: China and America. Trump hits China with a thirty four

1847
01:36:01,640 --> 01:36:05,120
Speaker 2: percent tariff. But remember he had already put twenty percent

1848
01:36:05,200 --> 01:36:08,639
Speaker 2: onime for fentanyl, and they already had twenty percent existing.

1849
01:36:09,080 --> 01:36:12,639
Speaker 2: That takes the tariff rate to around seventy five percent

1850
01:36:13,920 --> 01:36:17,360
Speaker 2: anything coming out of China going to America seventy five percent,

1851
01:36:17,560 --> 01:36:21,040
Speaker 2: which is extraordinary. They reckon China's exports to the US

1852
01:36:21,800 --> 01:36:25,960
Speaker 2: will have so they're not insignificant numbers, are they. And also,

1853
01:36:26,080 --> 01:36:30,519
Speaker 2: how do you then negotiate with somebody who's almost slapped

1854
01:36:30,520 --> 01:36:34,160
Speaker 2: one hundred percent tariff on your goods. It's not exactly

1855
01:36:34,200 --> 01:36:37,840
Speaker 2: a friendly starting point is it for China? For Beijing

1856
01:36:37,920 --> 01:36:39,720
Speaker 2: and Washington to sit down and have we chat? But

1857
01:36:39,840 --> 01:36:44,559
Speaker 2: chat they will apparently, we'll see how that goes. Anyway,

1858
01:36:44,680 --> 01:36:46,400
Speaker 2: Thanks for being with me today and thanks for all

1859
01:36:46,439 --> 01:36:49,320
Speaker 2: of your feedback, all of your emails. Always appreciated. We'll

1860
01:36:49,360 --> 01:36:51,800
Speaker 2: do it all again tomorrow. And what are we going?

1861
01:36:51,880 --> 01:36:52,800
Speaker 2: What are you feeling for?

1862
01:36:53,240 --> 01:36:55,519
Speaker 13: I've got some Mariah Carrey for us today, Ryan, just

1863
01:36:55,560 --> 01:36:57,320
Speaker 13: before I get to the song, and the reason we're

1864
01:36:57,360 --> 01:37:01,439
Speaker 13: going to do Mariah Carey today is that her Rocky carry.

1865
01:37:02,040 --> 01:37:05,200
Speaker 13: He actually streams on Twitch, so he plays video games

1866
01:37:05,320 --> 01:37:07,360
Speaker 13: and you know, live streams on Twitch and stuff, and

1867
01:37:07,400 --> 01:37:10,000
Speaker 13: he was doing this the other day and he obviously

1868
01:37:10,040 --> 01:37:11,840
Speaker 13: in his bedroom on his on his gaming computer, and

1869
01:37:11,880 --> 01:37:14,560
Speaker 13: there were a couple of other twitch streamers on the

1870
01:37:14,600 --> 01:37:16,679
Speaker 13: same stream with him, and his mum and his sister

1871
01:37:16,760 --> 01:37:18,920
Speaker 13: came in the room. So at first he was like, oh,

1872
01:37:19,000 --> 01:37:21,679
Speaker 13: go on, mum and sister come and come into the shot.

1873
01:37:21,720 --> 01:37:23,439
Speaker 13: And then of course as soon as they did, everyone

1874
01:37:23,560 --> 01:37:23,760
Speaker 13: was like.

1875
01:37:24,120 --> 01:37:26,120
Speaker 2: It's Mariah Carey. Oh him, Mariah.

1876
01:37:25,840 --> 01:37:28,280
Speaker 13: Carey, and of course he's He got completely embarrassed and

1877
01:37:28,439 --> 01:37:30,160
Speaker 13: unfortunately then asked Mariah to leave the room.

1878
01:37:30,200 --> 01:37:31,439
Speaker 8: Okay, you only to get out now.

1879
01:37:31,600 --> 01:37:32,519
Speaker 22: Does everybody get up?

1880
01:37:32,840 --> 01:37:36,440
Speaker 11: Mom? Make you see you're.

1881
01:37:35,000 --> 01:37:36,280
Speaker 2: Saying, Hi, Mariah, I love you.

1882
01:37:36,439 --> 01:37:39,360
Speaker 3: Oh my god, Rocky, can we stay high?

1883
01:37:40,680 --> 01:37:43,960
Speaker 2: Get out of my room. So he didn't know what

1884
01:37:44,320 --> 01:37:46,160
Speaker 2: but just did no, no one know that.

1885
01:37:47,320 --> 01:37:50,719
Speaker 13: He does say on the twitch bio, I am Mariah

1886
01:37:50,760 --> 01:37:52,519
Speaker 13: Carey's son, because you'd have to you'd have to clear

1887
01:37:52,600 --> 01:37:54,240
Speaker 13: that up. But still, but your classic, you know you

1888
01:37:54,600 --> 01:37:57,160
Speaker 13: you're you're embarrassing mum comes in and ruins your twitch stream.

1889
01:37:57,160 --> 01:37:58,600
Speaker 13: I mean everyone has to relate to that.

1890
01:37:58,720 --> 01:37:59,000
Speaker 14: Surely.

1891
01:37:59,160 --> 01:38:00,920
Speaker 2: By the way, for the listening, you don't know what

1892
01:38:01,000 --> 01:38:04,160
Speaker 2: twitch is, It's the gaming live stream. Yeah.

1893
01:38:04,200 --> 01:38:06,080
Speaker 13: YouTube, you don't even have to play video games. Really,

1894
01:38:06,120 --> 01:38:08,759
Speaker 13: it's just a website where you watch people live stream

1895
01:38:08,840 --> 01:38:11,639
Speaker 13: things and mostly what people live streamers then playing video games.

1896
01:38:11,680 --> 01:38:13,800
Speaker 13: But in this case obviously there's a camera on Rocky

1897
01:38:13,880 --> 01:38:15,120
Speaker 13: and you can see them in his room and.

1898
01:38:15,120 --> 01:38:18,880
Speaker 2: Stuff like that. They're funny, all right and nice one.

1899
01:38:19,200 --> 01:38:21,080
Speaker 2: We belong together, but marias take us out there.

1900
01:38:22,960 --> 01:38:26,320
Speaker 22: I gotta tag the station store, turn the gutch on

1901
01:38:26,439 --> 01:38:31,320
Speaker 22: the cat sprek and then a here baby, I only

1902
01:38:31,760 --> 01:38:35,360
Speaker 22: think of you wing my part. I'm trying to keep

1903
01:38:35,439 --> 01:38:40,040
Speaker 22: it Keevin, but I'm falling a lot of my element

1904
01:38:40,320 --> 01:38:43,880
Speaker 22: going things, trying trying to put up with hellowhare on

1905
01:38:44,080 --> 01:38:44,280
Speaker 22: the p.

1906
01:38:48,280 --> 01:38:50,240
Speaker 2: I need to let you back in my life.

1907
01:38:52,320 --> 01:38:54,200
Speaker 7: Well your loven.

1908
01:38:54,040 --> 01:39:00,160
Speaker 22: Lot of part of me? You s so mutub a

1909
01:39:00,479 --> 01:39:07,559
Speaker 22: b baby thing along? Who's the modeling? No one times here?

1910
01:39:08,320 --> 01:39:09,479
Speaker 22: Who's gonna talk to me?

1911
01:39:09,640 --> 01:39:11,080
Speaker 21: When to walk to the sun does?

1912
01:39:11,760 --> 01:39:13,160
Speaker 3: Who is gonna take your place?

1913
01:39:13,320 --> 01:39:18,080
Speaker 22: There were nobody manable long to get up.

1914
01:39:19,800 --> 01:39:36,120
Speaker 7: Bab al Agama.

1915
01:39:39,880 --> 01:39:42,000
Speaker 17: Take the money.

1916
01:39:43,760 --> 01:39:45,679
Speaker 7: Bable log.

1917
01:39:57,120 --> 01:39:59,320
Speaker 3: For more from Hither Dupless Allen Drive.

1918
01:39:59,479 --> 01:40:02,800
Speaker 1: Listen to news talks it'd be from four pm weekdays

1919
01:40:03,040 --> 01:40:05,200
Speaker 1: or follow the podcast on iHeartRadio,