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Speaker 1: New Zealand's voice of reason is Mike the Mic, asking

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Speaker 1: breakfast with Bailey's real estate altogether better across residential, commercial

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Speaker 1: and rural news talks, head Beam to.

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Speaker 2: Day, the Job, the tax and the Supermarket's also Keywi's

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Speaker 2: pulling in well, they're falling over in Europe, apparently claiming

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Speaker 2: record amounts of insurance. Kayleie Bell back for a song

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Speaker 2: and a chat to Arthur Rates, Joe Atennas and Italy

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Speaker 2: Rod Little will present himself from the United Kingdom, asking

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Speaker 2: of the Thursday seven past six does the headline feed

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Speaker 2: the narrative? And having brought into the narrative, we're all

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Speaker 2: in a funk. So my new fixation this week is

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Speaker 2: Australia and their consumer confidence, which you can mount a

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Speaker 2: half decent cases based on little or nothing, thus leading

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Speaker 2: you to conclude that they simply want to feel good

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Speaker 2: about themselves, whereas we don't. Yesterday, a couple of things,

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Speaker 2: the jobless right, five point two not bad? They said

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Speaker 2: it would be five point three things. Well, surely you

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Speaker 2: can be upbeat about that, then, mind you Australia's four

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Speaker 2: point two that's material and at least to some extent,

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Speaker 2: undermines my argument anyway. The other thing yesterday the Commerce

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Speaker 2: Commission and yet more supermarket bagging headline New Zealand grocery

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Speaker 2: prices higher than OECD average. There, Goo go to town

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Speaker 2: on that a rip? What a scam, Go get them Nicoler,

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Speaker 2: But the gap is closing. Good news. It's only three

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Speaker 2: percent higher than the average. And besides the figures, I

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Speaker 2: don't know if this was reported widely, but the figures

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Speaker 2: from twenty twenty three, now here's the real goald Auckland

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Speaker 2: said the Commers Commission had more competition. No consumers in

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Speaker 2: small towns and rural localities typically had minimal or no choice.

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Speaker 2: You see why we need experts because surely we could

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Speaker 2: never worked that out for ourselves anyway. So if competition

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Speaker 2: had a real tangible effect on prices, Auckland should be

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Speaker 2: laughing because the major players and supermarkets in Auckland had

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Speaker 2: seventy one percent of the market, but eighty eight percent

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Speaker 2: round the rest of the country. So is Auckland laughing? No,

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Speaker 2: it isn't why because this obsession the Commerce Commission has

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Speaker 2: along with Nickeoler, is all theory. Would another player in

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Speaker 2: a place like ha Hai see some competition in a

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Speaker 2: few more discounts, sure, but most of us, and by

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Speaker 2: the way, ninety percent of us live within ten minutes

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Speaker 2: of a major supermarket. We have choice, and a lot

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Speaker 2: of it. The three percent they talk of in relation

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Speaker 2: to the OECD, which is probably closed anyway given the

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Speaker 2: age of the data, could just be where five million

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Speaker 2: people at the bottom of the world where a geographically

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Speaker 2: tricky population layout, But get a good headline and then

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Speaker 2: it's an instant funk wow.

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Speaker 1: News of the world. In ninety second, we.

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Speaker 2: Had an active shooter at an army base in Georgia.

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Speaker 3: It's a large base.

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Speaker 2: It's on so many counties.

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Speaker 4: I think what you should be looking for is where

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Speaker 4: they want the outside intervention to come in with us.

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Speaker 4: They have to contain everything from within the base, get

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Speaker 4: everything shut down there first, and then bring everybody in

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Speaker 4: as needed.

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Speaker 2: They got it salted five shot and they got him

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Speaker 2: as well. In the Middle East, the biggest game in

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Speaker 2: town is the a blame game.

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Speaker 5: Almost one thousand trucks.

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Speaker 6: First, we're waiting in Gaza after clearance by Israel, after

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Speaker 6: idea facility venture into Gaza.

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Speaker 2: The un prevented aid.

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Speaker 7: From being distributed.

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Speaker 2: There would be enough for the entire of Gaza for

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Speaker 2: many days. In Britain, the government is growing well, it's

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Speaker 2: got growing trouble. A couple of things. Firstly, the one

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Speaker 2: in one out migrant plane.

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Speaker 8: Will allow people with us to send people back to

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Speaker 8: France who have human rights claims.

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Speaker 9: Those claims will be heard in France, so I know.

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Speaker 10: That the Conservative Party has been saying that this is

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Speaker 10: a loophole, it isn't.

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Speaker 2: Also the growing reality that despite the fact they said

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Speaker 2: they wouldn't, they will have to raise Texas.

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Speaker 11: Some of the figures that have been put out are

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Speaker 11: not figures that I recognize. But the budget won't be

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Speaker 11: until later in the year, and that's why we'll have

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Speaker 11: the forecast then and we'll set out our plans.

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Speaker 2: They also have the grooming gang problem, so they've decided

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Speaker 2: AI can help Their.

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Speaker 8: Manner in which they collect their ethnicity data has to

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Speaker 8: change and that they need to be gathering the data

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Speaker 8: on the ethnicity of the perpetrators, don't care whether the

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Speaker 8: councils want it or not.

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Speaker 2: And just to round out the yankster, heavily edited version

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Speaker 2: of Mastership is Becony Tonight, featuring the now the smister

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Speaker 2: Grigg in John.

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Speaker 12: People do not feel comfortable because because they feel that

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Speaker 12: making an allegation would be absolutely detrimental to their own

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Speaker 12: career because they will not cap the next job rather

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Speaker 12: than it would be to the person they are accusing

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Speaker 12: of wrongdoing.

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Speaker 2: Finally, forget Epstein or Russia, Russia, Russia. Tulsey as in

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Speaker 2: Gabbard is here to tell y'aull there are aliens and

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Speaker 2: UFOs out there. So she's on a podcast. She said

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Speaker 2: she needed to be careful with what could be shared

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Speaker 2: because of the piece of hard information that she's puarly too.

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Speaker 2: But good news ten hatters, she will be sharing the

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Speaker 2: truth when the time comes. The medals the news of

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Speaker 2: the world. In ninety speaking of that particular part of

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Speaker 2: the world, Trump's hit India with another twenty five if

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Speaker 2: you've missed that, So that's fifty percent, and they've hit

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Speaker 2: He's done the right thing here because India is buying

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Speaker 2: oil from Russia. They're quite open about it, and he goes,

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Speaker 2: that's not on, so I'm going to sting it, so

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Speaker 2: fifty percent. Meantime, India, speaking of which their central bank

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Speaker 2: has held their cash rate. They've maintained the GDP forecast

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Speaker 2: for a year at six point five percent, cut their

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Speaker 2: inflation rate to three point one from three point seven,

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Speaker 2: and that cash right, said he at five point five

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Speaker 2: twelve past six.

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Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeart Radio

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Speaker 1: Power by News Talk Zippy.

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Speaker 2: A couple of other Trump things are best. Since no

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Speaker 2: longer going to be considered for the FED job, Murdoch

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Speaker 2: and Trump have decided to pause for now on that

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Speaker 2: ten billion dollar nonsense that he was suing Murdop for

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Speaker 2: over the Wars writ Journal and Apple have announced overnight

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Speaker 2: another one hundred billion that already committed five hundred billion

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Speaker 2: into America. This is to expand their operations in America.

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Speaker 2: So they're at six hundred billion in counting. Fifteen past

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Speaker 2: six JMI Wealth Andrew Callahoo, good morning, very good morning, Mike.

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Speaker 2: Headline number. But it's what's below the bonnet, Andrew, that counts,

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Speaker 2: isn't it?

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Speaker 13: Well?

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Speaker 2: That is right.

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Speaker 10: I was just interested in what you were saying before, Mike,

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Speaker 10: because look, one of the features about these labor market

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Speaker 10: does just so much to ask because we only get

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Speaker 10: it once a quarter. So let's try and sort of

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Speaker 10: peck through it so that people go away, sort of

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Speaker 10: trying to understand these numbers a little bit more. Yeah,

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Speaker 10: you're right, you know, the unemployment rate was better than expected.

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Speaker 5: It came in at five point two percent versus five

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Speaker 5: point three percent.

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Speaker 10: And one comment I was making regularly yesterday when we

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Speaker 10: were talking about this in the office is that at

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Speaker 10: five point two percent, we had a great decade, didn't we.

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Speaker 10: From twenty ten to twenty twenty, remember that, you know,

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Speaker 10: rockstar economy and all that sort of stuff. For half

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Speaker 10: of that period of time, the unemployment rate was actually

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Speaker 10: higher than it is now.

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Speaker 5: The thing is it was getting incrementally better over that

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Speaker 5: whole period.

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Speaker 10: The problem we've got at the moment is that this

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Speaker 10: is getting incrementally worse. I think that affects confidence. I

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Speaker 10: think that affects the way people think.

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Speaker 5: Let's just look at the numbers. The unemployment rate five

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Speaker 5: point two percent.

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Speaker 10: That means that there was one hundred and fifty eight

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Speaker 10: thousand unemployed people. The underutilization rate. This is people who

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Speaker 10: want more work. And this is where it got. This

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Speaker 10: is where it's you know, under the boness, it's starting

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Speaker 10: to look a little bit worse. We went from twelve

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Speaker 10: point four to twelve point eight, quite a big shift.

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Speaker 5: There.

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Speaker 10: Key key to this whole argument, of the whole conversation

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Speaker 10: is the participation rate.

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Speaker 5: It went from it was at seventy point five.

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Speaker 10: It has fallen from seventy point eight, so there are

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Speaker 10: fewer people wanting to participate in the workforce employment. So

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Speaker 10: looking at it from the glass half full, I suppose

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Speaker 10: employment fell year and year zero point nine percent. That's

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Speaker 10: worse than the arbuients that expectation and private sector wage growth.

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Speaker 5: This is what wages doing.

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Speaker 10: Labor cost index zero point six percent quarter on quarter,

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Speaker 10: two point three percent year on year. What's inflation running

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Speaker 10: at more more? That's more. So you're actually going a

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Speaker 10: little bit backwards. So let's make a few more comments.

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Speaker 10: Lower participation rate tempers the unemployment rate. June twenty twenty three,

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Speaker 10: only two years ago, the participation rate was seventy two

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Speaker 10: point four.

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Speaker 5: That's a material move. Those people have just left the workforce.

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Speaker 10: The usual logic is that that lower labor force participation

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Speaker 10: reflex arising discouraged workers. It just gets too hard. They

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Speaker 10: just check out of the process. That's not good. And

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Speaker 10: I think you know, Aanzi did some research about the

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Speaker 10: fact that they think there's been labor hoarding since COVID,

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Speaker 10: and if we don't see the economic recovery, then they'll

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Speaker 10: start to say, well, we do really need those those

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Speaker 10: workers that we've been hoarding, and.

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Speaker 5: You could see a step shift in the unemployment rate.

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Speaker 10: Just a few other worrying signs, paid hours fell ours

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Speaker 10: worked fell that hours worked has fallen out for six

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Speaker 10: consecutive quarters.

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Speaker 5: The underutilization rate except for sort of weird, weird.

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Speaker 10: COVID number, the underutilization rate hasn't been that high since

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Speaker 10: June twenty and sixteen.

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Speaker 5: I'll say that again, June twenty sixteen.

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Speaker 10: That's nine years. So that's just and that ours workers

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Speaker 10: have said six consecutive quarters. So these are worrying signs

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Speaker 10: in the background. Look, Mike, the aarbian zaid doesn't have

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Speaker 10: employments in their mandate. They only have inflation. But it's

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Speaker 10: a key input into demanded. People ain't work and they

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Speaker 10: ain't buying, and so I think they've now got to

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Speaker 10: take some steps on the ocr But as we said

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Speaker 10: yesterday also Mike, the labor market is a lagging indicator.

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Speaker 5: It's the sort of last ship to turn.

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Speaker 10: So you know, we would expect to see this at

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Speaker 10: the end of the economic cycle. But it also doesn't

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Speaker 10: turn quickly. So for the incumbent government this could become.

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Speaker 2: Problematic exactly because if you ask yourself, here we are

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Speaker 2: in Q three, do you feel things are getting better?

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Speaker 2: I don't see it. And near ours work thing is GDP.

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Speaker 5: That's right.

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Speaker 10: Yeah, So you're looking at a pretty you're looking at

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Speaker 10: some fairly ugly signs for Q two.

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Speaker 2: GDP in here, Okay, I got macs this morning in

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Speaker 2: Disney is so far it seems reasonably positive.

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Speaker 5: No, here we go.

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Speaker 2: We're going to finish on a high.

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Speaker 5: It's looking good. So you've got weak economic.

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Speaker 10: Data in the US that we're starting to see that.

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Speaker 10: We're in the middle of the second quarter earning season.

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Speaker 10: So for investors, what's corporate performance looking like? Well, the

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Speaker 10: answer is looking pretty good. About two thirds of companies

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Speaker 10: have reported MIKE and five four out of every five

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Speaker 10: eighty two percent of reported positive earnings for share surprises,

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Speaker 10: earnings growth.

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Speaker 3: Simple rule.

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Speaker 10: If earnings growth is heading higher, that tends to sheer markets.

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Speaker 10: Ten point three percent second quarter vis the second quarter

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Speaker 10: last year. Third consecutive quarter of double digit earnings growth.

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Speaker 5: I'd call that robust.

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Speaker 10: Look the valuations, you know, so how much the prices

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Speaker 10: reflect the earnings. Well, they are sort of kind of

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Speaker 10: high at the moment. Makes seven tens to skew that look.

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Speaker 10: But I think the innings picture looks pretty good year today,

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Speaker 10: sm P five hundred and US dollar terms, it's up

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Speaker 10: a touch over seven percent. Now, if you think about

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Speaker 10: the carnage that we saw in April, I.

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Speaker 5: Think that's pretty good. Not numbers preies the well, actually

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Speaker 5: these also look pretty good.

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Speaker 10: The dal Jones is upero point two nine percent forty

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Speaker 10: four thousand, two hundred and forty one, the S and

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Speaker 10: P five hundred is up point seven three percent six thousand,

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Speaker 10: three hundred and forty five are, and the Nasdaq is

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Speaker 10: up over one percent one point one four percent. Twenty

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Speaker 10: one thousand, one hundred and fifty four forts one hundred

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Speaker 10: overnight gain a quarter percent excuse me, nine one sixty four.

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Speaker 10: The Nicket up point sixty one percent forty thousand, seven

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Speaker 10: nine four, shan I Composite up point four to five

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Speaker 10: three sixty three four. The OSSI's yesterday gained point eight

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Speaker 10: four of a percent eighty eight hundred and forty three.

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Speaker 10: We gained three points twelve thousand, eight hundred and eighty

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Speaker 10: and actually market reaction to those labor market numbers in

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Speaker 10: New Zeald Mike was pretty muted.

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Speaker 2: Keew we dollar out a.

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Speaker 5: Little bit stronger.

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Speaker 10: Point five nine three five against the US, point nine

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Speaker 10: one two five against the ossie point five oh ninety

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Speaker 10: five Euro point four four four four against the pound

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Speaker 10: eighty seven point three eight jepanesey end gold three thousand,

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Speaker 10: three hundred and seventy four dollars and break.

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Speaker 5: Crude it's behaving.

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Speaker 10: It is behaving sixty seven dollars and sixty five.

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Speaker 2: Nice ketchup to morrow Andrew kellerher Jmiwealth dot Co, dot

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Speaker 2: m Z Pascal opposition Disney. They had a very nice time.

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Speaker 2: So what have they got? Revenue at twenty three point

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Speaker 2: six point billion. This is globally, of course, over all

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Speaker 2: revenues up two percent. Streaming business going well. They've up

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Speaker 2: their fiscal guidance experiences that means Disneyland that sort of thing,

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Speaker 2: up eight percent, Domestic theme park revenue up ten percent,

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Speaker 2: Screaming up six percent. Disney plus added one point eight

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Speaker 2: million subscribers around the world, so there's one hundred and

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Speaker 2: twenty eight million of US now. Hulu grew one percent

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Speaker 2: to fifty five million, so there's nothing much to be

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Speaker 2: worried about there. Six twenty one. You're a News Talks,

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Speaker 2: there'd be.

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

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Speaker 1: by the News Talks at b I've got.

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Speaker 2: Some quite good news on cars and New Zealand new

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Speaker 2: sales are I'll give you the number shortly. But McDonald's

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Speaker 2: globally just a couple of things that affect basically all

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Speaker 2: of us all over the world because we're all the same.

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Speaker 2: McDonald's are back. They've had some trouble of blake. People

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Speaker 2: got sick of McDonald's, but they've turned it round. Things

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Speaker 2: are up three point eight percent. Same store sales revenue

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Speaker 2: six point eight billion. US restaurants up a bit. But

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Speaker 2: outside the US, which is US, huge demand for Big

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Speaker 2: Mac and French rice. Apparently it's what they're saying this morning.

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Speaker 2: Uber revenues up eighteen percent. Jeez, we're loving Uber revenue

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Speaker 2: at thirteen billion almost. Mobility that's your Uber rides twenty

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Speaker 2: three billion, up eighteen percent. I mean that's a lot

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Speaker 2: in a quarter, up eighteen percent. Delivery, which is your food,

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Speaker 2: that's up twenty percent. So they're booming. Gross bookings up

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Speaker 2: seventeen percent, the number of consumers who use Uber's up

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Speaker 2: fifteen percent, and those users booked three point three billion

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Speaker 2: troops in the last quarter of six twenty five.

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Speaker 1: Trending now with chemist Wells keeping Kiwi's healthy all.

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Speaker 2: Year rount and who said TV's did south Park so hot?

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Speaker 7: Rate?

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Speaker 2: Now? After the first episode the other day, this is

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Speaker 2: season twenty seven, we're up to South Park featured Trump's manhood,

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Speaker 2: him sleeping with Satan and his tariffs. We're buckled up

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Speaker 2: now for episode two today. White House didn't like episode one.

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Speaker 2: They called it tacky, unoriginal, distasteful, and irrelevant. So what

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Speaker 2: have we got ahead of today? Wednesday, August six.

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Speaker 14: You can just shut up, Maybee because you hate America

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Speaker 14: and you love a voice.

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Speaker 3: In it all In South Park.

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Speaker 7: Epic season continues.

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Speaker 15: We want to honor the President's courage.

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Speaker 3: Stop South Karke New episode Wednesday, August city.

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Speaker 2: That's all we got. Pokes fun at Republican mouthpiece, Charlie Kirk,

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Speaker 2: Christy Noman, Ice agents and in a twist, the Ice

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Speaker 2: agents the Homeland Security people have grabbed part of that

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Speaker 2: trailer stuck it on X as part of a recruitment drive,

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Speaker 2: and that prompted Trey Parker and Matt Stone At, the

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Speaker 2: creators of the show, to reply, so we're irrelevant hashtag

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Speaker 2: eat a bag of dicks. Quite like that. It goes

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Speaker 2: out two pm today our time at Comedy Central or

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Speaker 2: Paramount Plus if you've got that, But it doesn't actually

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Speaker 2: play on Comedy Central in this country until ten oh

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Speaker 2: five tonight, four samphil It was because it might be

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Speaker 2: adult content, but I'm not sure that's one hundred percent trough.

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Speaker 2: I just think we're a small country at the bottom

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Speaker 2: of the world that takes a long time for the

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Speaker 2: program to travel that distance on the wires would be

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Speaker 2: my theory. This shopping grocery thing from the Commerce Commission yesterday,

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Speaker 2: I will ask Nichola Willis is with us later what

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Speaker 2: the comics are they bought. Telling me that there's more

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Speaker 2: competition than supermarkets in Auckland than there is in a

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Speaker 2: potokey is not news and does not need a report.

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Speaker 2: But anyway, that three percent on the oe CD are

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Speaker 2: we being screwed or not? We'll have a look at

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Speaker 2: this in the next half hour of the program. Kailey

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Speaker 2: Bell back for a song and a chat after wait

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Speaker 2: in the studio here on the My Hosking.

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Speaker 1: Breakfast Mike cos Game, we've been safeful, engaging and idle

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Speaker 1: the Mic Hosking Breakfast with a Vida Retirement Communities, Life

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Speaker 1: your Way, newth togs Head.

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Speaker 2: Be as you know, the EU have suspended their terror

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Speaker 2: for retaliation on Trump. Trump's going to announce sanction. We'll

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Speaker 2: go to Joe in a moment in Italy. Trump's announcing

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Speaker 2: apparently Saturday our time, Friday, there's sanctions against Russia. They've

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Speaker 2: all been on the phone to each other, whit cops

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Speaker 2: have been meeting Putin, et cetera, et cetera. Zelenski has

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Speaker 2: revealed this morning he thinks Putin's heading towards a ceasefire.

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Speaker 2: And also Trump's run that twenty five percent, told you

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Speaker 2: at at India to make it fifty percent. So you

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Speaker 2: put all that together. What's new sanctioned Saturday? So Putin

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Speaker 2: might be worried, might not be, who knows. Zolenski says,

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Speaker 2: Putin's heading for a ceasefire, so maybe maybe fingers crossed,

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Speaker 2: there is some movement there. Twenty three to seven, we'll

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Speaker 2: go to Joe shortly in Italy. New inside back EVO

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Speaker 2: into that much debated supermarket sector that I told you

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Speaker 2: about at the start of the show. So just one

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Speaker 2: of the ComCom some of the data bit old, which

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Speaker 2: I would have thought the question in and of itself

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Speaker 2: in a nutshell, though we pay more than the OEC

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Speaker 2: the average, and guess what if here in a small

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Speaker 2: town you have less choice. So Chatwan is the chair

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Speaker 2: of the Gross Reaction Group and is with us. Sue,

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Speaker 2: very good morning to you.

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Speaker 16: Good morning.

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Speaker 2: Is this a statutory obligation for the ComCom because this

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Speaker 2: report tells me nothing.

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Speaker 16: Yes, it is an obligation for them to report every

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Speaker 16: year at the moment on how we're doing with trying

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Speaker 16: to bring down prices. And as you can see from

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Speaker 16: this report, no change from the first one that they

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Speaker 16: did last year. We're still paying some of the highest

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Speaker 16: prices in the world for food and we still have

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Speaker 16: a geopoly situation in New Zealand. Nothing has changed, no

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Speaker 16: new entrants and therefore pretty unhealthy level of competition.

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Speaker 2: When we say highest prices in the world, it isn't

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Speaker 2: the world, it's the OECD and it's three percent and

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Speaker 2: the data is from twenty three is not possible, I

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Speaker 2: mean Why are we dealing with twenty two year old data?

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Speaker 16: Well, yeah, yes, you'd had to ask the Commerce Commission that,

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Speaker 16: but that's that's the data that they can get. It's

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Speaker 16: not that old when you're looking at at collecting this

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Speaker 16: sort of statistics. And I guess the important thing important

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Speaker 16: thing is that there's really no change. Kiwis are still

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Speaker 16: paying a hell of a lot more than Australians and

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Speaker 16: say those in the UK for grocery.

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Speaker 2: Three percent more. But that gap, as the report says,

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Speaker 2: is closing. Is there hope point being around the twenty

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Speaker 2: twenty three By the time we get to twenty twenty five,

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Speaker 2: is it possible we've closed the gap even more and

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Speaker 2: therefore if it's one or two percent, it's actually not

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Speaker 2: the end of the world.

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Speaker 16: Well, I don't think that we have very healthy competition

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Speaker 16: in New Zealand. We have two supermarkets. They have been

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Speaker 16: under the gun for how many years? Five years and

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Speaker 16: nothing has changed. So they know that unless you know,

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Speaker 16: they are going to be really regulated or they you know,

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Speaker 16: something really big happens to them, they can continue on

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Speaker 16: and then keyways, you know, face this sort of no

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Speaker 16: competition and having to pay more at the supermarket.

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Speaker 2: Well, when you see no competition, let me quote you

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Speaker 2: from the report. The report says, for example, in Auckland,

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Speaker 2: it's in the in the low seventies because there is

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Speaker 2: competition in Auckland, as opposed to say, ha hey, where

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Speaker 2: there's eighty eight percent of the market's dominated by the

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Speaker 2: two big players. Are people in Auckland because of that

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Speaker 2: increased competition going hey, look at our bargains. No they're not, No,

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Speaker 2: they not, but ad So what's the number we're looking

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Speaker 2: for when you talk about competition, what's the number we're

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Speaker 2: looking for? Fifty sixty seventy forty two.

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Speaker 16: So yeah, So in Australia they are moaning and you

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Speaker 16: know their government is looking at regulating when the two

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Speaker 16: big supermarkets have sixty percent. So we've got eighty eight

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Speaker 16: percent here and in Auckland, I think they've got seventy

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Speaker 16: two percent. We've got slightly decreased prices in Auckland, but

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Speaker 16: nevertheless still very high. So I think you know, say

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Speaker 16: you look at a country like Ireland, there's five supermarkets there,

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Speaker 16: they've got each got twenty five percent share of the market.

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Speaker 16: If we could get even close to that, then I

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Speaker 16: think key is the benefit.

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Speaker 2: All right, appreciate your time. So suit Chip went out

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Speaker 2: of the gross reaction group. I don't know how they

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Speaker 2: have twenty five percent market share and that's five of them,

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Speaker 2: but there you go. Nikola Willis, how much time do

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Speaker 2: you want me to spend with? Nikola Willis on supermarkets

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Speaker 2: as opposed to the job market and announced time nineteen two.

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

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Speaker 1: by News Talks.

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Speaker 2: It'd be super excited about this. This is street Smart.

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Speaker 2: So street Smart's hands on in car training for young

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Speaker 2: drivers right teaches the roads on forgiving realities. It's been hesband,

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Speaker 2: still hit some problems, but thankfully the Tony Quinn Foundation

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Speaker 2: have brought it back. So we owe Tony as always

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Speaker 2: a debt of gratitude around cars and motorsport and stuff. Anyway,

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Speaker 2: a company with backbone. Star Insured they're supporting it as well.

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Speaker 2: Racing legend Greg Murphy, he's on board. He backs the program.

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Speaker 2: That's credibility Sabaru. They recognize a critical need for practical education.

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Speaker 2: Star Insurer's commitment means more young drivers get skills to

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Speaker 2: keep them alive, which is what we want of course,

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Speaker 2: So forget the classrooms, the computer tests. This is all

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Speaker 2: about real world reaction. So if you're a business leader,

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Speaker 2: call street Smart, get involved. If you've got a young

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Speaker 2: driver in your life, booking them onto a street Smart

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Speaker 2: course isn't a luxury, it's a necessity. You'll be amazed

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Speaker 2: at what they loarn. So Starr Insurre, the Tony Quinn Foundation,

438
00:20:33,720 --> 00:20:36,600
Speaker 2: Greg Murphy Sabaru. They are making a difference. Now here's

439
00:20:36,600 --> 00:20:39,480
Speaker 2: where you go street Smart dot n z right, forget

440
00:20:39,480 --> 00:20:43,160
Speaker 2: the co street Smart dot m z to find out

441
00:20:43,160 --> 00:20:46,159
Speaker 2: more information and to register. So street Smart hands on

442
00:20:46,480 --> 00:20:51,280
Speaker 2: practical learning for young people. Asking soon hit the nail

443
00:20:51,280 --> 00:20:53,760
Speaker 2: on the head when she said sixty percent in Australia

444
00:20:53,760 --> 00:20:55,480
Speaker 2: do their own in Australia. Is that an issue in

445
00:20:55,480 --> 00:20:57,480
Speaker 2: Australia the supermarkets, Yes it is. Do they think they're

446
00:20:57,480 --> 00:20:59,679
Speaker 2: getting fleeced in Australia, Yes they do. I guarantee if

447
00:20:59,720 --> 00:21:01,840
Speaker 2: you want down to a few box pops in Ireland

448
00:21:02,440 --> 00:21:04,600
Speaker 2: and said Seamus, do you reckon you're paying too much

449
00:21:04,640 --> 00:21:06,479
Speaker 2: for you grocery as they say, top it to more

450
00:21:06,520 --> 00:21:09,600
Speaker 2: in it? Absolutely? So I think it's not necessarily the

451
00:21:09,600 --> 00:21:12,280
Speaker 2: facts that we're dealing with anymore. It's the emotion and

452
00:21:12,320 --> 00:21:13,000
Speaker 2: that's the problem.

453
00:21:13,080 --> 00:21:17,600
Speaker 13: Six forty five International correspondence with Ends and Eye Insurance,

454
00:21:17,760 --> 00:21:19,439
Speaker 13: Peace of Mind for New Zealand business.

455
00:21:19,840 --> 00:21:22,720
Speaker 2: Join mc kinnerburg, Good morning for you, Good morning mine.

456
00:21:22,840 --> 00:21:26,280
Speaker 2: So these safelans just background, this the EU safeloans. What

457
00:21:26,720 --> 00:21:28,159
Speaker 2: are they? How much are they and what are you

458
00:21:28,200 --> 00:21:29,200
Speaker 2: going to do with them?

459
00:21:29,640 --> 00:21:29,800
Speaker 4: Well?

460
00:21:29,840 --> 00:21:32,880
Speaker 17: I hadn't really heard about these. This is this program

461
00:21:32,960 --> 00:21:36,520
Speaker 17: is security action for Europe. It's called safe It's a

462
00:21:36,560 --> 00:21:41,040
Speaker 17: new EU financial instrument introduced in May this year in

463
00:21:41,080 --> 00:21:44,399
Speaker 17: which the European Commission will issue up to one hundred

464
00:21:44,400 --> 00:21:47,920
Speaker 17: and fifty billion euros of funds to help the member

465
00:21:47,960 --> 00:21:52,679
Speaker 17: states increase their expenditure on defense procurement. And as we know,

466
00:21:52,760 --> 00:21:55,199
Speaker 17: that's a big priority because of Donald Trump and his

467
00:21:55,800 --> 00:21:58,119
Speaker 17: efforts to raise GDP spending to.

468
00:21:58,320 --> 00:21:59,359
Speaker 7: Five percent in Europe.

469
00:22:00,359 --> 00:22:03,560
Speaker 17: Now, the Prime Minister Maloney, Georgia Maloney has been meeting

470
00:22:03,600 --> 00:22:07,440
Speaker 17: some of Italy's top CEOs from defense contractors like Leonardo

471
00:22:07,480 --> 00:22:10,720
Speaker 17: and fin Conterri, looking at how they can take advantage

472
00:22:10,720 --> 00:22:13,680
Speaker 17: of these loans and build up the defense sector.

473
00:22:14,080 --> 00:22:17,320
Speaker 2: Do these once you introduce a new debt instrument, do

474
00:22:17,359 --> 00:22:20,359
Speaker 2: they then dubtail into the also EU set of rules

475
00:22:20,359 --> 00:22:22,800
Speaker 2: that says you can't run a deficit beyond x percentage

476
00:22:22,840 --> 00:22:25,199
Speaker 2: of your GDP or is that completely separate?

477
00:22:25,800 --> 00:22:28,359
Speaker 7: That is a great question. I can't really answer.

478
00:22:28,520 --> 00:22:30,439
Speaker 2: No, No, I knew you couldn't. That's why I asked it,

479
00:22:30,520 --> 00:22:32,520
Speaker 2: not to embarrass you at all. I'm just saying that

480
00:22:32,600 --> 00:22:35,359
Speaker 2: these people in Europe make this crap up as they

481
00:22:35,400 --> 00:22:38,040
Speaker 2: go along, and it's all about debt and the more

482
00:22:38,080 --> 00:22:40,040
Speaker 2: debt the better and whatever. The hot topic of the

483
00:22:40,119 --> 00:22:43,080
Speaker 2: day is currently it's tanks and bombs. You can borrow

484
00:22:43,080 --> 00:22:47,120
Speaker 2: whatever you like. Weird ah yeah yeah. Now, anyway, where

485
00:22:47,119 --> 00:22:50,000
Speaker 2: are you at with the EU? You know, the terrorists?

486
00:22:50,000 --> 00:22:51,040
Speaker 2: If you worked out what's going on.

487
00:22:51,000 --> 00:22:53,359
Speaker 7: There still plenty of chaos.

488
00:22:54,520 --> 00:22:57,879
Speaker 17: Under the deal reached between the European Union and President

489
00:22:57,920 --> 00:23:01,199
Speaker 17: Donald Trump, EU export to the US are set to

490
00:23:01,240 --> 00:23:06,720
Speaker 17: face tariffs of fifteen percent from tomorrow. But suddenly the

491
00:23:06,800 --> 00:23:11,560
Speaker 17: EU has suspended its retaliatory tariffs on US goods while

492
00:23:11,600 --> 00:23:13,240
Speaker 17: they go away and think about a little bit more.

493
00:23:13,480 --> 00:23:16,240
Speaker 2: Yeah, exactly, So, I still I haven't been able to

494
00:23:16,240 --> 00:23:19,160
Speaker 2: get my head around with They've suspended them for six

495
00:23:19,200 --> 00:23:23,080
Speaker 2: months with a view to what are they negotiating? Was

496
00:23:23,119 --> 00:23:25,440
Speaker 2: there an odeal at Turnbrey a couple of weeks ago.

497
00:23:26,119 --> 00:23:29,760
Speaker 17: It sounds like they want to continue negotiating. They were

498
00:23:29,800 --> 00:23:34,760
Speaker 17: ready to put countermeasures targeting ninety three billion euros worth

499
00:23:34,760 --> 00:23:38,440
Speaker 17: of American goods like bourbon, cars and.

500
00:23:38,680 --> 00:23:40,080
Speaker 7: Soybeans, things like that.

501
00:23:41,000 --> 00:23:43,400
Speaker 17: But suddenly it's all up for grabs, and I think

502
00:23:43,440 --> 00:23:45,680
Speaker 17: the European you might be running scared at the moment.

503
00:23:45,760 --> 00:23:49,240
Speaker 2: What a miss is Italy's view of this markedly different

504
00:23:49,240 --> 00:23:51,119
Speaker 2: from the other twenty six nations or not?

505
00:23:52,040 --> 00:23:54,360
Speaker 17: Well, I think it comes and goes, but I think

506
00:23:54,440 --> 00:23:57,679
Speaker 17: the Italians are certainly very worried about major industries. I

507
00:23:57,680 --> 00:24:02,560
Speaker 17: think that we've talked about like luxury goods, wine, agriculture,

508
00:24:03,600 --> 00:24:09,000
Speaker 17: pharmaceutical exports. All those things are top of mind for

509
00:24:09,080 --> 00:24:12,640
Speaker 17: Georgia Maloney, particularly as she's facing some regional elections later

510
00:24:12,720 --> 00:24:13,120
Speaker 17: this year.

511
00:24:13,240 --> 00:24:15,280
Speaker 7: So we'll be talking more about that in the autumn.

512
00:24:15,400 --> 00:24:18,440
Speaker 2: This bridge that they've given the green light to from Sicily,

513
00:24:18,560 --> 00:24:21,000
Speaker 2: I've seen it. What I'm assuming is an AI generated

514
00:24:21,040 --> 00:24:23,520
Speaker 2: picture of what it could look like. I'm assume it

515
00:24:23,560 --> 00:24:25,600
Speaker 2: that'll transform Sicily, won't it. I mean, if you can

516
00:24:25,640 --> 00:24:27,480
Speaker 2: drive as opposed to by I mean that'll change the world,

517
00:24:27,520 --> 00:24:27,920
Speaker 2: won't it?

518
00:24:28,720 --> 00:24:29,359
Speaker 7: Would you believe?

519
00:24:29,359 --> 00:24:31,520
Speaker 17: There are only five million people that live there and

520
00:24:31,520 --> 00:24:33,600
Speaker 17: a whole bunch of tourists that are flooding into the

521
00:24:33,640 --> 00:24:37,480
Speaker 17: island right now. Is this bridge really necessary? They've talked

522
00:24:37,480 --> 00:24:40,679
Speaker 17: about it forever. It's going to be the world's longest

523
00:24:40,720 --> 00:24:45,119
Speaker 17: suspension bridge. The Transport Minister Matteo Slovenia is promising to

524
00:24:45,119 --> 00:24:47,359
Speaker 17: finish it by twenty thirty three, which might be a

525
00:24:47,400 --> 00:24:48,160
Speaker 17: little ambitious.

526
00:24:49,440 --> 00:24:52,120
Speaker 7: Do we really need it? I'm not sure? And will

527
00:24:52,119 --> 00:24:52,639
Speaker 7: it happen?

528
00:24:52,960 --> 00:24:56,679
Speaker 2: Is the mafia going to build it? Is the mafia

529
00:24:56,800 --> 00:24:57,359
Speaker 2: going to build it?

530
00:24:57,800 --> 00:24:58,040
Speaker 6: Yeah?

531
00:24:58,040 --> 00:24:59,440
Speaker 7: Well that is the big problem.

532
00:24:59,520 --> 00:25:02,800
Speaker 17: I mean, since maffia penetration of the construction industry is

533
00:25:02,800 --> 00:25:05,560
Speaker 17: pretty high in this country, so it'll be a huge

534
00:25:05,600 --> 00:25:06,880
Speaker 17: challenge to keep them out of it.

535
00:25:07,080 --> 00:25:09,000
Speaker 2: If I was the mafia, I'd build it halfway and

536
00:25:09,040 --> 00:25:10,720
Speaker 2: then tell them pay me extra or so I'm not

537
00:25:10,760 --> 00:25:18,160
Speaker 2: finishing now? How much for pepper Impulia?

538
00:25:18,520 --> 00:25:21,800
Speaker 17: I saw a great story tonight with pictures of the

539
00:25:23,119 --> 00:25:25,679
Speaker 17: bill in the restaurant. They haven't named the restaurant, but

540
00:25:25,720 --> 00:25:28,600
Speaker 17: they said on this bill and you can see it

541
00:25:28,600 --> 00:25:31,520
Speaker 17: in writing, they were charging an extra fifty cents for

542
00:25:31,560 --> 00:25:35,120
Speaker 17: the pepper that they added or were requested, was requested

543
00:25:35,119 --> 00:25:38,520
Speaker 17: by the clients, and that's caused enough for in Italy.

544
00:25:38,680 --> 00:25:40,360
Speaker 2: Good on you. Nice to catch up, Joe. We'll see

545
00:25:40,359 --> 00:25:42,360
Speaker 2: next to this. Thanks by Joe mckenner and Itale. It's

546
00:25:42,359 --> 00:25:43,760
Speaker 2: ten to seven the.

547
00:25:43,880 --> 00:25:48,160
Speaker 1: Mic Hosking Breakfast with a Vita Retirement Communities News togs

548
00:25:48,160 --> 00:25:49,120
Speaker 1: Head be Yeah.

549
00:25:49,119 --> 00:25:51,639
Speaker 2: I was looking at the trade me asking it's what

550
00:25:51,680 --> 00:25:54,119
Speaker 2: they call a Pulse report, average asking price. I'm not

551
00:25:54,160 --> 00:25:56,000
Speaker 2: into asking prices. I mean what you ask and what

552
00:25:56,000 --> 00:25:57,639
Speaker 2: you get a two completely different things, of course, but

553
00:25:57,720 --> 00:26:00,440
Speaker 2: year on year down zero point four percent, so she's

554
00:26:00,480 --> 00:26:03,679
Speaker 2: a bit flat. So interesting divergence. I think that's probably

555
00:26:03,720 --> 00:26:05,200
Speaker 2: ad I was writing a story about this, I go,

556
00:26:05,359 --> 00:26:09,280
Speaker 2: interesting divergence in the property market. Three point three up

557
00:26:09,720 --> 00:26:13,200
Speaker 2: in Gisbon, two point seven up in Hawke's Bay, one

558
00:26:13,240 --> 00:26:16,439
Speaker 2: point two up again Canterbury, five point three up in

559
00:26:16,560 --> 00:26:18,719
Speaker 2: South and one point nine up in Taranaki. So you've

560
00:26:18,720 --> 00:26:20,080
Speaker 2: got a lot of places around the country that are

561
00:26:20,080 --> 00:26:23,360
Speaker 2: actually doing quite well. Nelson Tasman's even up. Marlboro's been

562
00:26:23,359 --> 00:26:25,760
Speaker 2: tanking minus six point two. I don't know what's happened there.

563
00:26:26,359 --> 00:26:27,919
Speaker 2: Does no one want to live in Marlboro. Wh wouldn't

564
00:26:27,920 --> 00:26:29,560
Speaker 2: you want to live in Marlborough for goodness sake. The

565
00:26:29,560 --> 00:26:32,920
Speaker 2: big centers though, Auckland down one point one, Wellington down

566
00:26:32,920 --> 00:26:36,720
Speaker 2: one point two, so the major centers Wykato down zero

567
00:26:36,760 --> 00:26:39,680
Speaker 2: point eight. So that's your update on that. By the way,

568
00:26:39,720 --> 00:26:42,720
Speaker 2: speaking of howses, just while I've got you the number

569
00:26:42,720 --> 00:26:44,240
Speaker 2: of people who are borrowing money, we gave you the

570
00:26:44,280 --> 00:26:46,480
Speaker 2: numbers from the Reserve Bank the other day. In mortgage money.

571
00:26:46,480 --> 00:26:49,040
Speaker 2: Mortgage money did really well in June. There seems to

572
00:26:49,040 --> 00:26:51,760
Speaker 2: be a surge and mortgage money in June, so investors

573
00:26:51,760 --> 00:26:54,680
Speaker 2: first time buys the whole thing. So that's interesting. Forty

574
00:26:54,720 --> 00:26:56,800
Speaker 2: percent of you are on a fixed one year, which

575
00:26:56,840 --> 00:26:59,920
Speaker 2: is probably wise. Don't take my advice. I'm just observing

576
00:27:00,320 --> 00:27:02,200
Speaker 2: twenty five percent or on the floating. So the twenty

577
00:27:02,200 --> 00:27:03,879
Speaker 2: five percent on the floating will be going. There's more

578
00:27:03,920 --> 00:27:06,040
Speaker 2: where that came from, which is true. There is the

579
00:27:06,160 --> 00:27:09,000
Speaker 2: ARB's gotta cut twice now, has to given these job

580
00:27:09,080 --> 00:27:11,399
Speaker 2: numbers because they've got the job numbers wrong, so you're

581
00:27:11,440 --> 00:27:14,199
Speaker 2: gonna have to cut twice. I still maintain and I

582
00:27:14,280 --> 00:27:16,480
Speaker 2: think I'm going to be proven to be right by

583
00:27:16,560 --> 00:27:20,240
Speaker 2: next year that neutrals two point five. This three percent

584
00:27:20,320 --> 00:27:22,359
Speaker 2: things bollocks. Two point seventy five is what a lot

585
00:27:22,400 --> 00:27:23,680
Speaker 2: of the banks are saying. But I think it's two

586
00:27:23,680 --> 00:27:25,879
Speaker 2: point five anyway. So if you're on you're floating, you're

587
00:27:25,880 --> 00:27:28,320
Speaker 2: thinking there's more where that came from, and you are correct.

588
00:27:28,560 --> 00:27:30,720
Speaker 2: Eleven percent of gone for two years, ten percent of

589
00:27:30,720 --> 00:27:32,920
Speaker 2: gone for eighteen months, eight percent of gone for six months,

590
00:27:32,960 --> 00:27:35,680
Speaker 2: and five percent of gone for three years. Why you've

591
00:27:35,680 --> 00:27:37,840
Speaker 2: gone for three years? I don't know. Maybe you don't

592
00:27:37,880 --> 00:27:41,320
Speaker 2: care more importantly, And I'll flesh this out after seven

593
00:27:41,359 --> 00:27:44,520
Speaker 2: o'clock because this is the story that seemingly everyone's missing.

594
00:27:45,560 --> 00:27:47,320
Speaker 2: And I don't know. If you're not worried about this,

595
00:27:47,560 --> 00:27:50,080
Speaker 2: I don't know what there is to worry about. Sixteen

596
00:27:50,119 --> 00:27:55,000
Speaker 2: percent of kids latest numbers, sixteen percent of kids left

597
00:27:55,040 --> 00:27:58,080
Speaker 2: school with no qualifications none. So on one hand, we're

598
00:27:58,359 --> 00:28:00,679
Speaker 2: fixating about the jobless numbers and will know and get

599
00:28:00,720 --> 00:28:02,000
Speaker 2: a job. Well, half of them can't get a job

600
00:28:02,040 --> 00:28:03,680
Speaker 2: because they they haven't got a clue, because they haven't

601
00:28:03,680 --> 00:28:09,520
Speaker 2: got a qualification, they can't participate. Sixteen percent. So that's

602
00:28:09,560 --> 00:28:13,880
Speaker 2: the highest figure in a decade. It's a disaster. Thirteen

603
00:28:13,920 --> 00:28:16,440
Speaker 2: percent of last year's leavers had not reached literacy or

604
00:28:16,520 --> 00:28:19,800
Speaker 2: numerousy benchmarks. Eighty one percent of last year's leave it

605
00:28:19,800 --> 00:28:22,040
Speaker 2: has stayed at school until the age of seventeen year beyond.

606
00:28:22,080 --> 00:28:26,080
Speaker 2: That's up a bit, so that's encouraging Mari the worst. Unsurprisingly,

607
00:28:26,119 --> 00:28:29,160
Speaker 2: twenty eight percent left with no qualification at all. Twenty

608
00:28:29,280 --> 00:28:33,720
Speaker 2: eight percent left with no qualification at all go to

609
00:28:33,720 --> 00:28:37,760
Speaker 2: a place like Toatukara. It's twenty percent. I mean, what

610
00:28:38,080 --> 00:28:41,160
Speaker 2: hope is there for this country if we still letting

611
00:28:41,240 --> 00:28:45,360
Speaker 2: kids walk out the gate with nothing? What was the

612
00:28:45,360 --> 00:28:48,440
Speaker 2: point of going to school? And bet you half the

613
00:28:48,440 --> 00:28:50,880
Speaker 2: problems half of them didn't four minutes away from seven.

614
00:28:51,480 --> 00:28:54,720
Speaker 1: While the ins and the outs. It's the fiz with

615
00:28:55,000 --> 00:28:58,440
Speaker 1: business favor, take your business productivity to the next level.

616
00:28:58,520 --> 00:29:01,040
Speaker 2: Chocolate News, I've got a collab. They've teamed up with

617
00:29:01,040 --> 00:29:03,520
Speaker 2: a biotech company called pair Wise, and so what they're

618
00:29:03,560 --> 00:29:05,560
Speaker 2: going to try and do is gene edit some cocoa

619
00:29:05,960 --> 00:29:09,760
Speaker 2: to make it more resilient. Crisper is the tech. It's

620
00:29:09,760 --> 00:29:12,560
Speaker 2: a tool that makes fast changes to your DNA and

621
00:29:12,640 --> 00:29:14,800
Speaker 2: has been used to well, they've done it to farming

622
00:29:14,840 --> 00:29:16,440
Speaker 2: crops all that sort of stuff. This is sort of

623
00:29:16,520 --> 00:29:19,240
Speaker 2: not new, but they're going to have a crack at coco,

624
00:29:19,560 --> 00:29:22,080
Speaker 2: and the coco hopefully will withstand disease and heat and

625
00:29:22,120 --> 00:29:25,360
Speaker 2: other climate related events. And the reason it can't at

626
00:29:25,360 --> 00:29:27,200
Speaker 2: the moment is because the price has gone through the roof,

627
00:29:27,280 --> 00:29:29,480
Speaker 2: or the price has gone through the roof because it can't.

628
00:29:29,920 --> 00:29:32,479
Speaker 2: So the current price is up three hundred percent. They

629
00:29:32,480 --> 00:29:35,479
Speaker 2: haven't seen anything like it in fifty years. You've got Garner.

630
00:29:35,560 --> 00:29:37,600
Speaker 2: Garner makes all the cocoa, well most of it anyway.

631
00:29:37,680 --> 00:29:39,440
Speaker 2: They say next season they're looking at an increase in

632
00:29:39,520 --> 00:29:42,920
Speaker 2: price of about sixty percent. Garner is responsible for twenty

633
00:29:42,920 --> 00:29:46,120
Speaker 2: percent of all the global supply and chocolate. So that's

634
00:29:46,160 --> 00:29:47,800
Speaker 2: before we get to coffee. So why don't they just

635
00:29:47,840 --> 00:29:50,920
Speaker 2: crisper up the coffee, crisper up the cocoa, and sort

636
00:29:50,960 --> 00:29:54,360
Speaker 2: some problems out for goodness sake? Right this thing the rucks,

637
00:29:54,680 --> 00:29:57,080
Speaker 2: I mean, what does it matter if you pay some

638
00:29:57,160 --> 00:29:58,920
Speaker 2: tax at the petrol pump, or you pay it for

639
00:29:59,000 --> 00:30:01,200
Speaker 2: your diesel and you go down to the post office

640
00:30:01,200 --> 00:30:02,959
Speaker 2: and buy some more miles, or you pay it via

641
00:30:03,000 --> 00:30:04,800
Speaker 2: an app or whatever. You know, they're just changing the

642
00:30:04,840 --> 00:30:07,120
Speaker 2: mechanism is this a major We'll look at this and

643
00:30:07,120 --> 00:30:10,120
Speaker 2: see how it impacts you and the Finance Minister Nichola

644
00:30:10,160 --> 00:30:13,600
Speaker 2: Willis is with us after seven o'clock and Kaylee Bell after.

645
00:30:13,440 --> 00:30:18,560
Speaker 1: Eight news Opinion and everything in between, the mic hosting

646
00:30:18,600 --> 00:30:22,680
Speaker 1: breakvent with Rainthrover leading by example, news togs dead.

647
00:30:22,520 --> 00:30:24,520
Speaker 2: Be well seven past seven. There's nothing like a line,

648
00:30:24,560 --> 00:30:26,880
Speaker 2: is there? The biggest change in fifty years to get

649
00:30:26,880 --> 00:30:28,560
Speaker 2: the old media in a fizzon off, they went with

650
00:30:28,560 --> 00:30:30,760
Speaker 2: what seems a fairly simple to change of payment mechanism.

651
00:30:30,760 --> 00:30:32,720
Speaker 2: As far as I can work out petrol taxes going,

652
00:30:32,760 --> 00:30:34,400
Speaker 2: you'll pay on mileage and wait the way a lot

653
00:30:34,400 --> 00:30:37,120
Speaker 2: of people already do. Martin Glynn's the AA Transports policy

654
00:30:37,160 --> 00:30:39,840
Speaker 2: director and is with us. Martin, morning to you, Good

655
00:30:39,880 --> 00:30:42,320
Speaker 2: morning mate. In terms of a revenue stream, this was

656
00:30:42,360 --> 00:30:44,080
Speaker 2: really the only way the government could go, isn't it?

657
00:30:45,440 --> 00:30:45,600
Speaker 12: Oh?

658
00:30:45,680 --> 00:30:50,360
Speaker 18: I think absolutely long term, as vehicles become more fuel

659
00:30:50,360 --> 00:30:52,520
Speaker 18: a fission and people start, you know, there's different ways

660
00:30:52,520 --> 00:30:55,760
Speaker 18: of pairing vehicles. As we all know, it's just not sustainable.

661
00:30:57,160 --> 00:30:59,560
Speaker 18: So yeah, we actually do need to make the shift.

662
00:30:59,560 --> 00:31:01,000
Speaker 2: Do you reckon? The bear boners are going to be

663
00:31:01,040 --> 00:31:02,640
Speaker 2: in for a shock if they haven't thought that through.

664
00:31:02,680 --> 00:31:06,160
Speaker 2: Given a lot of this is based on weight, Sorry,

665
00:31:06,160 --> 00:31:08,600
Speaker 2: I didn't quite understand your question the bevoner. So if

666
00:31:08,600 --> 00:31:10,000
Speaker 2: you went out and bought a BEV and thought, I'm

667
00:31:10,000 --> 00:31:12,680
Speaker 2: not paying petrol anymore. Who Given a lot of this

668
00:31:12,800 --> 00:31:14,880
Speaker 2: is based on weight as well as mileage, you're in

669
00:31:14,920 --> 00:31:16,520
Speaker 2: for a shot because the chances are you won't know

670
00:31:16,520 --> 00:31:18,720
Speaker 2: how much carway Isn't it ways a ton? Several tons?

671
00:31:18,720 --> 00:31:23,240
Speaker 18: In fact, I think most people will probably be okay

672
00:31:23,320 --> 00:31:26,400
Speaker 18: unless they change the weight classification. There's been no hint

673
00:31:26,400 --> 00:31:29,760
Speaker 18: to that, so at the moment that the minimum cut

674
00:31:29,760 --> 00:31:32,360
Speaker 18: off for the very lowest level is three point five

675
00:31:32,400 --> 00:31:34,840
Speaker 18: tons through a vehicle, so hopefully most people will come

676
00:31:34,840 --> 00:31:35,560
Speaker 18: with a map.

677
00:31:35,520 --> 00:31:39,080
Speaker 2: The electronics behind it. Do you is the transfer easy

678
00:31:39,120 --> 00:31:40,880
Speaker 2: if you get an app or you get a sensor

679
00:31:40,920 --> 00:31:42,680
Speaker 2: in your car or whatever that turns out to be.

680
00:31:42,920 --> 00:31:45,960
Speaker 2: Is that easy?

681
00:31:46,560 --> 00:31:51,480
Speaker 18: The announcement's been a little bit vague, serisonly for new cars.

682
00:31:51,480 --> 00:31:54,200
Speaker 18: The Minister's been key it clear that a lot of

683
00:31:54,200 --> 00:31:57,400
Speaker 18: that data in the systems are already available in the

684
00:31:57,440 --> 00:32:01,800
Speaker 18: car itself, so that that should be fairly forward. But

685
00:32:01,920 --> 00:32:04,800
Speaker 18: I think that what he seems to be singling is

686
00:32:04,800 --> 00:32:08,480
Speaker 18: that we're moving to electronic devices, you know, to measure

687
00:32:08,600 --> 00:32:11,640
Speaker 18: distance and wait, so that would be actually something in

688
00:32:12,240 --> 00:32:16,120
Speaker 18: vehicles like we have to heavy vehicles now in the old.

689
00:32:16,000 --> 00:32:18,120
Speaker 2: Suit, well, the current system when you buy a mile,

690
00:32:18,200 --> 00:32:20,360
Speaker 2: so you're running a diesel, you're buying miles that can

691
00:32:20,400 --> 00:32:22,240
Speaker 2: slip because it's all paperwork and you're wander into the

692
00:32:22,280 --> 00:32:24,320
Speaker 2: post office and all that sort of stuff. Is they've

693
00:32:24,320 --> 00:32:25,600
Speaker 2: got to get around that, don't they.

694
00:32:26,720 --> 00:32:30,480
Speaker 18: Yeah, that's the big issue because people need to check

695
00:32:30,520 --> 00:32:32,720
Speaker 18: their doometers. You know, that's none of us need to

696
00:32:32,720 --> 00:32:34,520
Speaker 18: do that with any other kind of bullets. It just

697
00:32:34,600 --> 00:32:38,479
Speaker 18: it just comes to us. So he's made it pretty

698
00:32:38,480 --> 00:32:40,520
Speaker 18: clear that will be addressed, and we're we're you know,

699
00:32:40,520 --> 00:32:42,800
Speaker 18: we're looking to see how that will be. And then

700
00:32:43,000 --> 00:32:47,040
Speaker 18: you're right, you can go online and that's fairly straightforward,

701
00:32:47,080 --> 00:32:48,920
Speaker 18: but you've got to wait for a for a license

702
00:32:49,360 --> 00:32:50,760
Speaker 18: in the mail and then and then put on your

703
00:32:50,760 --> 00:32:52,640
Speaker 18: one screen. So it sounds like all that's going to go.

704
00:32:53,080 --> 00:32:55,360
Speaker 2: Okay, good on your MT. Appreciate it, Martin Glenn. I'm

705
00:32:55,360 --> 00:32:58,959
Speaker 2: assuming I'm probably being foolish here, but ultimately, what you

706
00:32:59,000 --> 00:33:01,840
Speaker 2: want electronically, your connection to the government is the ability

707
00:33:01,840 --> 00:33:05,800
Speaker 2: for them to do road user charges, tolls on roads,

708
00:33:05,960 --> 00:33:09,120
Speaker 2: and everything you do in your car will be done electronically.

709
00:33:09,160 --> 00:33:12,440
Speaker 2: But I'll probably be well dead before they get to that.

710
00:33:12,440 --> 00:33:15,080
Speaker 2: Ten minutes past seven past, we got job to the

711
00:33:15,080 --> 00:33:16,800
Speaker 2: headline at five point two wasn't as bad as the

712
00:33:16,800 --> 00:33:19,320
Speaker 2: fire point three forecast, although Auckland at six point one.

713
00:33:19,360 --> 00:33:22,240
Speaker 2: I mean, come on, Mike Jones, ban Z's chief economist,

714
00:33:22,280 --> 00:33:23,560
Speaker 2: is back with this, Mike, morning to you.

715
00:33:24,600 --> 00:33:25,040
Speaker 18: Good morning.

716
00:33:25,120 --> 00:33:27,560
Speaker 2: So five two better than five three, obviously open the hood.

717
00:33:27,560 --> 00:33:29,840
Speaker 2: Though there's a lot to be depressed about, isn't there.

718
00:33:31,000 --> 00:33:32,880
Speaker 19: Yeah, Look, you didn't have to scratch too far below

719
00:33:32,920 --> 00:33:36,520
Speaker 19: the surface to find some conclusions that we're probably but

720
00:33:36,600 --> 00:33:38,920
Speaker 19: weaker when you put them all together in terms of

721
00:33:38,920 --> 00:33:41,440
Speaker 19: what we're expecting in the labor marketing. Auckland, as he said,

722
00:33:41,520 --> 00:33:44,200
Speaker 19: was probably one that's twelve year high.

723
00:33:44,240 --> 00:33:45,120
Speaker 3: And of course the.

724
00:33:45,040 --> 00:33:47,960
Speaker 19: Whole reason unemployment and rise by more is that the

725
00:33:48,000 --> 00:33:50,680
Speaker 19: participation rate fell to a four year low, in more

726
00:33:50,720 --> 00:33:53,880
Speaker 19: people leaving the labor force. Hardly a positive signal.

727
00:33:54,160 --> 00:33:56,240
Speaker 2: No, six point one. How bad is that for Auckland.

728
00:33:56,280 --> 00:33:58,760
Speaker 2: I mean, that's the allegedly the engine room of the country.

729
00:33:59,800 --> 00:34:03,480
Speaker 19: Yeah, forty percent of the conferent outpoot comes out of Auckland,

730
00:34:03,480 --> 00:34:06,800
Speaker 19: and that's six point three percent at a twelve y

731
00:34:06,960 --> 00:34:09,200
Speaker 19: high is concerning. I mean, it does give you a

732
00:34:09,200 --> 00:34:11,120
Speaker 19: sense of just the divergence up and down the country

733
00:34:11,120 --> 00:34:13,840
Speaker 19: as well. I mean it's Hargo two point nine percent,

734
00:34:14,160 --> 00:34:16,640
Speaker 19: so you know, quite a big difference. But it does

735
00:34:17,840 --> 00:34:21,319
Speaker 19: give you a bit more evidence that in totality the

736
00:34:21,360 --> 00:34:24,600
Speaker 19: lay market is not in good shape and certainly weaken

737
00:34:24,560 --> 00:34:27,160
Speaker 19: and I think what the Brazero Bank had expected.

738
00:34:27,200 --> 00:34:30,200
Speaker 2: Exactly are they stuck in their building in Wellington? Are

739
00:34:30,400 --> 00:34:32,359
Speaker 2: I mean, yes, they'll get the numbers, but I mean

740
00:34:32,400 --> 00:34:34,360
Speaker 2: I happen to live in Auckland, as I assume you do.

741
00:34:34,680 --> 00:34:36,759
Speaker 2: You can feel it, you can see it. You know

742
00:34:36,920 --> 00:34:39,640
Speaker 2: it's bad, and they don't seem to be reflecting that

743
00:34:39,680 --> 00:34:41,240
Speaker 2: at the RB and on the terrace.

744
00:34:43,000 --> 00:34:45,680
Speaker 19: Well, the ARB's in Wellington and if anything thinks down

745
00:34:45,719 --> 00:34:48,520
Speaker 19: there are probably bit worse than it's. Certainly Auckland and

746
00:34:48,680 --> 00:34:51,719
Speaker 19: Wellington the urban centers that are feeling this the most.

747
00:34:51,920 --> 00:34:54,960
Speaker 19: And of course we're waiting for some of the more

748
00:34:55,040 --> 00:34:57,640
Speaker 19: upbeat sentiment and the rural reasons to spread back to

749
00:34:57,760 --> 00:35:00,640
Speaker 19: the cities. Hasn't happened so far. Look, I think what

750
00:35:00,760 --> 00:35:02,759
Speaker 19: this does for the Zoo Bank is is it locks

751
00:35:02,800 --> 00:35:05,120
Speaker 19: in another cut in a couple of weeks time. I

752
00:35:05,280 --> 00:35:07,360
Speaker 19: think that was pretty likely anyway. But the fact that

753
00:35:07,400 --> 00:35:09,440
Speaker 19: we've got the start of come and gone now we

754
00:35:09,520 --> 00:35:12,440
Speaker 19: can we think that that almost seals the deal for

755
00:35:12,880 --> 00:35:14,759
Speaker 19: one more and probably two more rate cups.

756
00:35:14,880 --> 00:35:17,080
Speaker 2: Yes, exactly two more after that, or so you've got

757
00:35:17,120 --> 00:35:19,000
Speaker 2: the one coming this month plus two more after that.

758
00:35:19,360 --> 00:35:23,040
Speaker 2: I've got two point five is neutral? Now, Yes, you

759
00:35:23,120 --> 00:35:24,040
Speaker 2: say two seven five.

760
00:35:24,719 --> 00:35:27,120
Speaker 19: We've been saying to seventy five for us a couple

761
00:35:27,120 --> 00:35:29,839
Speaker 19: of years now, so it we're stuck with that two

762
00:35:29,880 --> 00:35:32,959
Speaker 19: point five definitely within the realms. I think it's gone

763
00:35:33,000 --> 00:35:35,600
Speaker 19: to our heads. If we had our TV, seventy five

764
00:35:35,640 --> 00:35:37,719
Speaker 19: would say to the risks at the moment of talking

765
00:35:37,800 --> 00:35:40,719
Speaker 19: more to the down to the up. But there's also

766
00:35:41,200 --> 00:35:42,640
Speaker 19: a lot of water to go into the bridge before

767
00:35:42,640 --> 00:35:44,240
Speaker 19: we get to that final meeting in November.

768
00:35:44,400 --> 00:35:46,320
Speaker 2: And some of that water, though, was alluded to, I

769
00:35:46,360 --> 00:35:48,520
Speaker 2: think by Nicola Willis yesterday who said this isn't the

770
00:35:48,560 --> 00:35:50,560
Speaker 2: end of it. I mean, yesterday's discussion was could this

771
00:35:50,680 --> 00:35:52,360
Speaker 2: be the worst the answers know, isn't it. I mean,

772
00:35:52,400 --> 00:35:53,080
Speaker 2: there's more to come.

773
00:35:54,239 --> 00:35:55,839
Speaker 19: Well, the problem that we've got is that we're still

774
00:35:55,880 --> 00:35:59,080
Speaker 19: in this stumbling stop start sort of economic recovery, and

775
00:35:59,680 --> 00:36:02,439
Speaker 19: any time we get set that there, as we seem

776
00:36:02,480 --> 00:36:04,600
Speaker 19: to be in at the moment with this mid ye

777
00:36:04,760 --> 00:36:06,960
Speaker 19: ear pocket, it just bushes back the timing of when

778
00:36:06,960 --> 00:36:09,919
Speaker 19: you might expect that labor market to start turning around.

779
00:36:10,040 --> 00:36:12,000
Speaker 19: So I think we've talked about this before, but we

780
00:36:12,120 --> 00:36:15,480
Speaker 19: think that story is sliding probably into the first part

781
00:36:15,560 --> 00:36:18,319
Speaker 19: of next year and when you might start see unemployment's

782
00:36:18,360 --> 00:36:19,040
Speaker 19: head low rocking.

783
00:36:19,360 --> 00:36:21,000
Speaker 2: All right, nice to talk to you, mic as always,

784
00:36:21,080 --> 00:36:24,160
Speaker 2: that's that part of the story is sliding into next year.

785
00:36:24,280 --> 00:36:28,839
Speaker 2: So so forget twenty five folks. Shane Jones, I think

786
00:36:28,960 --> 00:36:32,080
Speaker 2: summed it up perfectly yesterday, and I'll come back to

787
00:36:32,120 --> 00:36:35,080
Speaker 2: that in the moment. Thirteen past seven light ruck charges

788
00:36:35,400 --> 00:36:36,880
Speaker 2: for all isn't a bad idea as long as we

789
00:36:36,920 --> 00:36:39,080
Speaker 2: don't get senter ticket each time we go fivek's over

790
00:36:39,120 --> 00:36:40,719
Speaker 2: the limit. The government also needs to use all the

791
00:36:40,760 --> 00:36:43,759
Speaker 2: revenue on roads and not diverting into the consolidated fund. Well, yeah,

792
00:36:43,800 --> 00:36:45,760
Speaker 2: that's fair enough too, and I think they do that currently,

793
00:36:45,840 --> 00:36:47,479
Speaker 2: so I don't think that's an issue. Might the change

794
00:36:47,520 --> 00:36:49,799
Speaker 2: to ruck on petrol a lot more fair for boat

795
00:36:49,840 --> 00:36:51,920
Speaker 2: he who have been contributing unfairly to roading under the

796
00:36:51,960 --> 00:36:55,440
Speaker 2: current system. The problem with ruxs, Mike is petrol taxes

797
00:36:55,520 --> 00:36:57,960
Speaker 2: little and often, but ruck's are larger sums that many

798
00:36:58,000 --> 00:36:59,840
Speaker 2: won't acrew for. Well, you can argue that with petrol.

799
00:37:00,400 --> 00:37:02,640
Speaker 2: You're can argue that with power. I mean you're not

800
00:37:02,719 --> 00:37:04,719
Speaker 2: paying your power bill on the daily basis. You paid

801
00:37:04,760 --> 00:37:05,960
Speaker 2: on a month, and every now and again you go,

802
00:37:06,040 --> 00:37:07,600
Speaker 2: oh my god, that's more than I thought, or less

803
00:37:07,600 --> 00:37:09,279
Speaker 2: than I thought of, whatever the case may be, it's

804
00:37:09,440 --> 00:37:11,839
Speaker 2: just another version of what we're already doing. I think,

805
00:37:11,920 --> 00:37:12,160
Speaker 2: isn't it.

806
00:37:12,320 --> 00:37:12,480
Speaker 14: Well?

807
00:37:12,520 --> 00:37:13,360
Speaker 2: Team Past.

808
00:37:14,800 --> 00:37:19,200
Speaker 1: The Mike asking Breakfast Full Show podcast on iHeartRadio powered

809
00:37:19,280 --> 00:37:20,200
Speaker 1: by News Talks that Be.

810
00:37:21,440 --> 00:37:21,600
Speaker 14: Now.

811
00:37:21,800 --> 00:37:23,399
Speaker 2: I didn't pick him up on it at the AA,

812
00:37:23,640 --> 00:37:26,560
Speaker 2: but watch this space. When you mentioned the three and

813
00:37:26,600 --> 00:37:29,400
Speaker 2: a half tons, which is the current rule around you know,

814
00:37:29,520 --> 00:37:31,719
Speaker 2: above all below three and a half tons, I would

815
00:37:31,800 --> 00:37:34,720
Speaker 2: not be surprised if the government breaks it down further.

816
00:37:35,320 --> 00:37:36,880
Speaker 2: And so if they're going to run you on miles

817
00:37:36,920 --> 00:37:39,279
Speaker 2: as well as weight, they're going to have to get

818
00:37:39,320 --> 00:37:42,000
Speaker 2: into the business of how much cars weighs as opposed

819
00:37:42,000 --> 00:37:44,640
Speaker 2: to trucks, And so I wouldn't be surprised if the

820
00:37:44,640 --> 00:37:47,319
Speaker 2: government do a one ton, one point three tons, one

821
00:37:47,360 --> 00:37:49,279
Speaker 2: point six tons, two tons, two and a half tons

822
00:37:49,320 --> 00:37:50,960
Speaker 2: and do it that way. And so all of a sudden,

823
00:37:50,960 --> 00:37:52,600
Speaker 2: the weight of your car is going to be material

824
00:37:52,680 --> 00:37:55,160
Speaker 2: as well as how many miles Because you've got to remember,

825
00:37:55,239 --> 00:37:57,560
Speaker 2: this is all about raising revenue. So make no mistake.

826
00:37:57,640 --> 00:37:59,359
Speaker 2: This has got nothing to do with anything other than

827
00:37:59,440 --> 00:38:01,600
Speaker 2: raising rebege you. And if they can do it through

828
00:38:01,719 --> 00:38:05,479
Speaker 2: weight and miles, remember we I mean.

829
00:38:05,400 --> 00:38:05,840
Speaker 11: They don't want it.

830
00:38:05,880 --> 00:38:07,440
Speaker 19: They don't want us to be paying the same amount

831
00:38:07,480 --> 00:38:09,480
Speaker 19: that we're paying now through petrol decks, Are they correct?

832
00:38:10,160 --> 00:38:12,399
Speaker 2: And I don't think that was picked up yesterday either.

833
00:38:12,480 --> 00:38:14,920
Speaker 2: We're all got fascinated by the mechanism. All this is

834
00:38:15,160 --> 00:38:17,879
Speaker 2: is a revenue raise beginning middle an end. And if

835
00:38:17,880 --> 00:38:19,799
Speaker 2: they can sting you and go, well, your beb's two

836
00:38:19,800 --> 00:38:22,359
Speaker 2: and a half tons plus you do ten thousand k's

837
00:38:22,360 --> 00:38:25,080
Speaker 2: a year, guess what we've got for you? Now other matters.

838
00:38:25,120 --> 00:38:26,840
Speaker 2: If you think the job numbers don't sober you up,

839
00:38:26,880 --> 00:38:29,760
Speaker 2: what about the money, oh to aid business is currently

840
00:38:29,800 --> 00:38:31,960
Speaker 2: own more than one point four billion. This is gst

841
00:38:32,040 --> 00:38:34,600
Speaker 2: in paye. That's from twenty five tax year. Do you

842
00:38:34,640 --> 00:38:36,720
Speaker 2: know they're still owed forty eight million from twenty eighteen?

843
00:38:37,160 --> 00:38:39,359
Speaker 2: Robin Walker Tack's partner at Deloitte, of course back will

844
00:38:39,360 --> 00:38:40,600
Speaker 2: this Robin, very good morning to you.

845
00:38:41,440 --> 00:38:41,879
Speaker 1: Good morning.

846
00:38:41,960 --> 00:38:43,839
Speaker 2: Is this any worse than normal if you go back

847
00:38:43,880 --> 00:38:44,840
Speaker 2: over years and decades?

848
00:38:46,040 --> 00:38:48,520
Speaker 20: Uh, it's hard to tell from just looking at the reporting,

849
00:38:48,520 --> 00:38:51,439
Speaker 20: because they report on what's still outstanding from prior years.

850
00:38:51,640 --> 00:38:54,040
Speaker 20: Do they understand like the actual level of debt is

851
00:38:54,239 --> 00:38:56,560
Speaker 20: increasing if you look at the year on year of

852
00:38:56,560 --> 00:38:59,919
Speaker 20: the amountlet's being left unpaid? So definitely a concerning tree.

853
00:39:00,360 --> 00:39:02,320
Speaker 2: How much of this is COVID all that money that

854
00:39:02,440 --> 00:39:04,399
Speaker 2: flushed out that we didn't think we'd ever pay back

855
00:39:04,440 --> 00:39:07,120
Speaker 2: and as it turns out, we're not well.

856
00:39:07,320 --> 00:39:09,759
Speaker 20: I think that's when it all started to turn in

857
00:39:09,880 --> 00:39:13,400
Speaker 20: terms of tax debt really taking off, because there was

858
00:39:13,480 --> 00:39:16,600
Speaker 20: a bit of a mandate to say be kind and

859
00:39:17,320 --> 00:39:19,759
Speaker 20: you know, give people some breathing space and actually give

860
00:39:19,800 --> 00:39:22,000
Speaker 20: them some more money, as this like a small business

861
00:39:22,040 --> 00:39:24,000
Speaker 20: cash flow loan, would be a bit weird to say,

862
00:39:24,239 --> 00:39:27,000
Speaker 20: I already giving out a loan to them but then

863
00:39:27,080 --> 00:39:29,640
Speaker 20: asking them to pay back their tax at the same time.

864
00:39:29,880 --> 00:39:33,279
Speaker 2: Yeah, construction, I'm assuming is worse than most if you're

865
00:39:33,400 --> 00:39:34,440
Speaker 2: breaking it down by sector.

866
00:39:35,880 --> 00:39:39,160
Speaker 20: Yeah, certainly in absolute numbers. So there's almost a billion

867
00:39:39,239 --> 00:39:44,279
Speaker 20: dollars of tax outstanding from construction. So hard to know

868
00:39:44,480 --> 00:39:47,160
Speaker 20: how that sort of stacks up against the other industries

869
00:39:47,200 --> 00:39:49,400
Speaker 20: because you don't have the details of how many taxpayers

870
00:39:49,440 --> 00:39:52,320
Speaker 20: are in that cluster, but you're definitely an alarming sector.

871
00:39:52,840 --> 00:39:54,560
Speaker 2: How do they handle this, I mean, how much is

872
00:39:54,600 --> 00:39:56,839
Speaker 2: on the books as an ode that they think will

873
00:39:56,880 --> 00:39:59,000
Speaker 2: be paid versus if you were, you know, having a

874
00:39:59,080 --> 00:40:00,719
Speaker 2: quie drink and a corny go. You know you're never

875
00:40:00,800 --> 00:40:01,560
Speaker 2: going to get that, don't you.

876
00:40:03,120 --> 00:40:04,600
Speaker 20: They do have to do all this is sort of

877
00:40:04,600 --> 00:40:08,560
Speaker 20: assessment as part of their annual reporting. So of that

878
00:40:08,680 --> 00:40:11,200
Speaker 20: one point four that's outstanding, they think that one point

879
00:40:11,280 --> 00:40:13,720
Speaker 20: two is collectible. At one hundred and eighty five million

880
00:40:13,840 --> 00:40:15,680
Speaker 20: is uncollectible already.

881
00:40:15,520 --> 00:40:17,120
Speaker 2: Okay, And how much of that gets put on a

882
00:40:17,160 --> 00:40:18,640
Speaker 2: payment system When you come to me and say you

883
00:40:18,719 --> 00:40:20,600
Speaker 2: are three hundred thousand dollars and I say I'll give

884
00:40:20,600 --> 00:40:21,920
Speaker 2: you seventeen dollars a week.

885
00:40:23,120 --> 00:40:25,640
Speaker 20: I think ID has become a lot more proactive at

886
00:40:25,719 --> 00:40:28,480
Speaker 20: contacting people as soon as possible to put them on

887
00:40:28,800 --> 00:40:32,160
Speaker 20: payment plants. I think key thing is for anybody that

888
00:40:32,239 --> 00:40:34,560
Speaker 20: does have any tax debt is get in contact with

889
00:40:34,719 --> 00:40:37,719
Speaker 20: ID as soon as possible, because as soon as you

890
00:40:37,880 --> 00:40:41,440
Speaker 20: pay it off, the sooner bad things will stop happening

891
00:40:41,520 --> 00:40:45,000
Speaker 20: to you. So if you're not paying your tax, you're

892
00:40:45,040 --> 00:40:47,480
Speaker 20: getting interest at ten point eight eight applied to all

893
00:40:47,560 --> 00:40:50,279
Speaker 20: of that, you've got a five percent a cumulative late

894
00:40:50,360 --> 00:40:53,960
Speaker 20: payment penalty being applied. The problem is not actually going away.

895
00:40:54,800 --> 00:40:57,000
Speaker 20: You need to pull your head out of the sand

896
00:40:57,160 --> 00:40:58,680
Speaker 20: and face your problems.

897
00:40:58,760 --> 00:41:00,040
Speaker 2: Good on your Robin, Nice to talk to you. It

898
00:41:00,160 --> 00:41:03,040
Speaker 2: was always sooner bad things will stop happening. Some of

899
00:41:03,080 --> 00:41:06,160
Speaker 2: the brown things will stop happening to you. Shane Jones

900
00:41:06,640 --> 00:41:08,279
Speaker 2: I have something to say about him in a moment.

901
00:41:08,360 --> 00:41:10,120
Speaker 2: He might be a genius. Seven twenty.

902
00:41:11,840 --> 00:41:16,640
Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered

903
00:41:16,680 --> 00:41:17,719
Speaker 1: by News Talks B.

904
00:41:20,800 --> 00:41:22,960
Speaker 2: The Kiwi Dream, many would agree owning your home is

905
00:41:22,960 --> 00:41:24,759
Speaker 2: a big, big part of that. So SBS Bank have

906
00:41:24,800 --> 00:41:26,640
Speaker 2: been helping Kiwi has achieve that dream for one hundred

907
00:41:26,640 --> 00:41:28,719
Speaker 2: and fifty six years. They are so good at it.

908
00:41:28,800 --> 00:41:31,799
Speaker 2: They win awards old sps. Their purpose very simple one,

909
00:41:31,840 --> 00:41:34,200
Speaker 2: actually helping Kiwis find a place to call home. So

910
00:41:34,280 --> 00:41:36,440
Speaker 2: what makes them so good? Well, how about their product,

911
00:41:36,560 --> 00:41:38,959
Speaker 2: SBS First Home Combo. You gotta love this one because

912
00:41:38,960 --> 00:41:42,200
Speaker 2: it's got very impressive inclusions. So heavily discounted interest rate,

913
00:41:42,640 --> 00:41:45,840
Speaker 2: cash back offer, contribution towards SBS and surrant home policies,

914
00:41:45,920 --> 00:41:48,560
Speaker 2: money back into an SBS wealth Kiwi saver. So that's

915
00:41:48,600 --> 00:41:51,360
Speaker 2: a lot of savings for first home buyers and looking.

916
00:41:51,680 --> 00:41:53,520
Speaker 2: If you're into the business at first Home you don't

917
00:41:53,560 --> 00:41:54,759
Speaker 2: have to be a first time buyer. You might have

918
00:41:54,800 --> 00:41:56,600
Speaker 2: first time buyers in your life. You know your kids,

919
00:41:56,600 --> 00:41:59,239
Speaker 2: your grand kids, that sort of thing. SBS bank should

920
00:41:59,280 --> 00:42:01,640
Speaker 2: be your first pull of co first Home lending and

921
00:42:01,800 --> 00:42:03,440
Speaker 2: eligibility criteria applies.

922
00:42:03,480 --> 00:42:03,799
Speaker 21: Of course.

923
00:42:04,280 --> 00:42:06,399
Speaker 2: For all you need to know about the SBS Bank's terms,

924
00:42:06,440 --> 00:42:08,640
Speaker 2: fees and charges, go to the old website. So if

925
00:42:08,680 --> 00:42:11,440
Speaker 2: you're ready to follow those awards to a great home loan,

926
00:42:11,560 --> 00:42:14,440
Speaker 2: you search SBS Bank or talk to your mortgage broker

927
00:42:14,480 --> 00:42:19,600
Speaker 2: about SBS First Home Combo fast etan twenty four right

928
00:42:19,719 --> 00:42:23,000
Speaker 2: change Jones fast Becoming my favorite politician might have summed

929
00:42:23,040 --> 00:42:26,080
Speaker 2: up the government's issues with one of his increasingly famous quips.

930
00:42:26,080 --> 00:42:30,040
Speaker 2: Here's what he said. The Ruth Richardson bear austerity approach

931
00:42:30,600 --> 00:42:35,520
Speaker 2: is not delivering the economic growth we need. Is he right?

932
00:42:35,719 --> 00:42:38,000
Speaker 2: I think he's right, isn't he? Classic liberal politics? Trim

933
00:42:38,080 --> 00:42:40,560
Speaker 2: and cut not the mess of bomb we need. So

934
00:42:40,719 --> 00:42:43,680
Speaker 2: as Chris Bishop yesterday was offering more detail on these

935
00:42:43,760 --> 00:42:46,279
Speaker 2: ruck charges and a move away from petrol taxes, all

936
00:42:46,320 --> 00:42:49,240
Speaker 2: which is fine. Shane and his mate Winston we're wandering

937
00:42:49,280 --> 00:42:51,760
Speaker 2: around Marsden Point and talking about making it a special

938
00:42:51,800 --> 00:42:54,520
Speaker 2: economic zone, tax treatment incentives to get people to invest

939
00:42:54,600 --> 00:42:56,640
Speaker 2: do things. Marsden's got land, they got a port close

940
00:42:56,680 --> 00:42:59,719
Speaker 2: to the shipping lands, et cetera. Ireland have made these

941
00:42:59,760 --> 00:43:02,160
Speaker 2: things famous. So cut a deal on rates or tax,

942
00:43:02,200 --> 00:43:03,920
Speaker 2: bring them on and stoke them on up watch the

943
00:43:03,960 --> 00:43:07,480
Speaker 2: growth explode image might be a problem. Shane and Winston

944
00:43:07,520 --> 00:43:10,600
Speaker 2: both of course come from well Marsden, so it's a bit,

945
00:43:10,680 --> 00:43:13,560
Speaker 2: you know, nepotistic, but the idea is sound. Shane is

946
00:43:13,560 --> 00:43:15,720
Speaker 2: also this week, if you've missed it, announced a massive

947
00:43:15,800 --> 00:43:17,960
Speaker 2: up evil and fishing, biggest in decades. So it's the

948
00:43:18,040 --> 00:43:20,879
Speaker 2: big stuff that we may need because the regular size

949
00:43:20,880 --> 00:43:24,160
Speaker 2: stuff clearly hasn't provided the heft we'd hoped for. Yes, yes,

950
00:43:24,239 --> 00:43:26,320
Speaker 2: yes they inherited a mess. I get all that, but

951
00:43:26,400 --> 00:43:29,040
Speaker 2: the results are what count and has that changed the laws?

952
00:43:29,120 --> 00:43:32,560
Speaker 2: This week on round Garden Sheds and Nicola talks about supermarkets.

953
00:43:32,600 --> 00:43:36,319
Speaker 2: Yet again, it might just be ideas beyond our normal comprehension.

954
00:43:36,560 --> 00:43:39,279
Speaker 2: Are what are actually needed? For the irony of the

955
00:43:39,400 --> 00:43:42,040
Speaker 2: Jones idea? Is it's not part of the coalition deal?

956
00:43:42,760 --> 00:43:44,880
Speaker 2: You could ask the question, and indeed, I am why not?

957
00:43:45,960 --> 00:43:48,839
Speaker 2: Is the Ruth Richardson line an acceptance that what they

958
00:43:49,000 --> 00:43:53,400
Speaker 2: thought would work hasn't and isn't another irony? I'm not

959
00:43:53,440 --> 00:43:55,960
Speaker 2: sure how Shane and Winston can wander around Marsden by

960
00:43:56,000 --> 00:43:58,520
Speaker 2: the Way Blue, skying their way out of recession when

961
00:43:58,560 --> 00:44:00,480
Speaker 2: it's them that's holding up the foreigners from buying a

962
00:44:00,560 --> 00:44:02,640
Speaker 2: house after they invested tens of millions of dollars into

963
00:44:02,640 --> 00:44:05,560
Speaker 2: the country. But credit where credit is due, Jones seems

964
00:44:05,600 --> 00:44:07,960
Speaker 2: to have taken on the mantle of the garskicker. Here

965
00:44:08,040 --> 00:44:09,759
Speaker 2: is where a lot of us are at the moment.

966
00:44:09,840 --> 00:44:12,759
Speaker 2: This is not a bad government, far from it. It's

967
00:44:12,800 --> 00:44:16,040
Speaker 2: perhaps just a timid government and with October twenty six

968
00:44:16,080 --> 00:44:18,840
Speaker 2: and a ballot box getting closer. Maybe we need to

969
00:44:18,840 --> 00:44:22,040
Speaker 2: shift it up a year skiing Like I run a business.

970
00:44:22,080 --> 00:44:24,200
Speaker 2: We've accepted making no money to keep people and jobs.

971
00:44:24,200 --> 00:44:26,480
Speaker 2: Can't do it any longer. Redundancies are finally coming. We

972
00:44:26,560 --> 00:44:29,000
Speaker 2: are the next wave of businesses. More job losses are happening,

973
00:44:29,440 --> 00:44:31,359
Speaker 2: and the numbers are not in yet. There's a lot

974
00:44:31,400 --> 00:44:32,640
Speaker 2: of that. One of the banks came up with that

975
00:44:32,719 --> 00:44:35,080
Speaker 2: holding figure. They did the research and there's what they

976
00:44:35,280 --> 00:44:37,640
Speaker 2: It's called holding. In other words, you think this is

977
00:44:38,040 --> 00:44:40,120
Speaker 2: close to the wire. But Brian's a nice guy and

978
00:44:40,200 --> 00:44:41,839
Speaker 2: I can't let him go, so I'm going to hang tight.

979
00:44:42,320 --> 00:44:44,600
Speaker 2: You see the numbers yesterday, you see the forecasts, etc.

980
00:44:44,920 --> 00:44:46,879
Speaker 2: And you go can't hold on any longer, Mike, there's

981
00:44:46,920 --> 00:44:49,439
Speaker 2: no upbeat in rural New Zealand except council buildings. Don't

982
00:44:49,480 --> 00:44:52,759
Speaker 2: text me that crap what a pile would be? Yes,

983
00:44:54,320 --> 00:44:58,160
Speaker 2: Rural New Zealand is booming, Mike, Thank the good Lord. Mike.

984
00:44:58,239 --> 00:45:01,279
Speaker 2: What stops the Greens coming into power in two years

985
00:45:01,440 --> 00:45:06,120
Speaker 2: and adding an environmental charge or the election is the answer, obviously,

986
00:45:06,239 --> 00:45:08,080
Speaker 2: isn't it? If you want an environmental charge? Bout the

987
00:45:08,120 --> 00:45:11,279
Speaker 2: greens ruck. Now I have zero interest in buying an EV.

988
00:45:11,360 --> 00:45:13,480
Speaker 2: Why should I care about mythosophy or contribution to the

989
00:45:13,480 --> 00:45:15,399
Speaker 2: planet when I'm not rewarded for it compared to somebody

990
00:45:15,520 --> 00:45:17,080
Speaker 2: driving a guest cars. Well, I told you this two

991
00:45:17,080 --> 00:45:19,520
Speaker 2: three four years ago. I said, if you're going out

992
00:45:19,560 --> 00:45:21,719
Speaker 2: there to buy a be of today, more for you,

993
00:45:22,480 --> 00:45:25,680
Speaker 2: because you will be stung eventually. You would like to

994
00:45:25,800 --> 00:45:28,480
Speaker 2: think you've done it for other reasons, But if it

995
00:45:28,719 --> 00:45:32,439
Speaker 2: was merely to save money, the government were always going

996
00:45:32,560 --> 00:45:35,359
Speaker 2: to get you in. Reality is coming knocking on the door.

997
00:45:37,320 --> 00:45:42,360
Speaker 2: Nikola Willis Finance minister with a parlor worries after the News.

998
00:45:44,160 --> 00:45:48,160
Speaker 1: New Zealand's home for trusted news and views, the Mike

999
00:45:48,239 --> 00:45:52,960
Speaker 1: Hosking breakfitt with Bailey's real estate altogether better across residential,

1000
00:45:53,040 --> 00:45:55,600
Speaker 1: commercial and rural news togs, heead be, I like.

1001
00:45:55,640 --> 00:45:58,000
Speaker 2: Listening to your comments on the ride user charges. Isn't

1002
00:45:58,040 --> 00:45:59,880
Speaker 2: it just making it fairer for everyone who uses the

1003
00:46:00,080 --> 00:46:01,920
Speaker 2: I'd sure the government will get revenue, but at least

1004
00:46:01,920 --> 00:46:04,320
Speaker 2: for the users it's proportioned. Why should electric housepayer? I

1005
00:46:04,360 --> 00:46:07,000
Speaker 2: couldn't agree more. That's why I just couldn't get my

1006
00:46:07,040 --> 00:46:10,439
Speaker 2: head around why mainly the media got so exercised about

1007
00:46:10,480 --> 00:46:12,279
Speaker 2: it yesterday. I mean, yes, it's a change and it's

1008
00:46:12,320 --> 00:46:14,000
Speaker 2: a different way of making it, but it's still you're

1009
00:46:14,000 --> 00:46:16,520
Speaker 2: still paying the same thing. Nothing really changes and its

1010
00:46:16,640 --> 00:46:18,719
Speaker 2: user pays, which is what we do on pretty much

1011
00:46:18,719 --> 00:46:22,680
Speaker 2: everything else. Twenty three minutes away from eight well, well

1012
00:46:22,719 --> 00:46:24,480
Speaker 2: back in the studio for a song of chat after right,

1013
00:46:24,520 --> 00:46:26,600
Speaker 2: looking all of that particular catch up, back to the

1014
00:46:26,640 --> 00:46:29,480
Speaker 2: business meantime of the jobs five point two, Yes, lower

1015
00:46:29,520 --> 00:46:31,960
Speaker 2: than the five point three predicted. So the Finance Minister

1016
00:46:32,040 --> 00:46:34,600
Speaker 2: did the glass half fall and bemow the miners, which

1017
00:46:34,640 --> 00:46:36,600
Speaker 2: is fair enough, I guess. Nichola Willis is back with us,

1018
00:46:36,600 --> 00:46:37,400
Speaker 2: A very good morning to you.

1019
00:46:38,360 --> 00:46:39,080
Speaker 9: Good morning, right.

1020
00:46:39,239 --> 00:46:41,640
Speaker 2: I do worry, as should you about Auckland though six

1021
00:46:41,760 --> 00:46:46,000
Speaker 2: point one is a one big increase and two way

1022
00:46:46,080 --> 00:46:46,560
Speaker 2: too high.

1023
00:46:48,040 --> 00:46:50,800
Speaker 9: Yes it is, and that's why we are so focused

1024
00:46:50,920 --> 00:46:53,680
Speaker 9: on making sure the conditions that are recovery in Auckland

1025
00:46:53,760 --> 00:46:56,520
Speaker 9: are in place. We're doing six billion dollars worth of

1026
00:46:56,920 --> 00:46:59,960
Speaker 9: public infrastructure projects ahead of Christmas. There'll be real tea

1027
00:47:00,320 --> 00:47:04,320
Speaker 9: and real jobs. Importantly, that lower interest rate means that

1028
00:47:04,400 --> 00:47:06,320
Speaker 9: I think you are going to see some private sector

1029
00:47:06,400 --> 00:47:10,120
Speaker 9: construction get going again. The lighted to see Auckland port

1030
00:47:10,239 --> 00:47:13,320
Speaker 9: expansion given the green light during the fast track process,

1031
00:47:13,719 --> 00:47:17,080
Speaker 9: and that fast track process, we'll see some big developments

1032
00:47:17,239 --> 00:47:20,080
Speaker 9: occurring in the near future as well. That'll be a

1033
00:47:20,120 --> 00:47:22,920
Speaker 9: bit of a help to Auckland. But overall, what we're

1034
00:47:22,960 --> 00:47:25,800
Speaker 9: seeing here is what you always see after an economy

1035
00:47:25,880 --> 00:47:29,000
Speaker 9: goes through a difficult period, which is that unemployment is

1036
00:47:29,040 --> 00:47:31,399
Speaker 9: the last thing to get fixed because it does take

1037
00:47:31,480 --> 00:47:33,839
Speaker 9: time for those lower interest rates to flow through into

1038
00:47:33,880 --> 00:47:34,600
Speaker 9: the real economy.

1039
00:47:34,719 --> 00:47:37,400
Speaker 2: And that is one hundred percent correct. Trouble is, it

1040
00:47:37,560 --> 00:47:39,880
Speaker 2: was supposed to be happening by now, and certainly happening

1041
00:47:39,920 --> 00:47:42,040
Speaker 2: by the end of twenty five. And as an economist

1042
00:47:42,120 --> 00:47:44,080
Speaker 2: on the program said, we can really look now to

1043
00:47:44,120 --> 00:47:46,520
Speaker 2: twenty twenty six because yesterday was not the worst of it.

1044
00:47:46,560 --> 00:47:47,960
Speaker 2: And I think you admitted that, didn't you.

1045
00:47:48,880 --> 00:47:50,640
Speaker 9: Well, I'm going to push back on you because actually

1046
00:47:50,719 --> 00:47:52,759
Speaker 9: in the first quarter of this year we had growth

1047
00:47:52,840 --> 00:47:55,439
Speaker 9: that zero point eight percent, which annualized would be over

1048
00:47:55,520 --> 00:48:00,080
Speaker 9: three percent that would at war time in Australia. Well,

1049
00:48:00,120 --> 00:48:01,920
Speaker 9: that was four times the rate of growth that occurred

1050
00:48:01,960 --> 00:48:05,320
Speaker 9: in the first quarter in Australia. It is actually a

1051
00:48:05,400 --> 00:48:08,080
Speaker 9: healthy level of growth. Also, when you look at unemployment

1052
00:48:08,239 --> 00:48:11,160
Speaker 9: compared to what was being forecast ahead of the election,

1053
00:48:11,800 --> 00:48:15,680
Speaker 9: were now eight thousand fewer people unemployed than had been predicted.

1054
00:48:15,760 --> 00:48:18,839
Speaker 9: So we are coming in below the worst case scenarios.

1055
00:48:18,920 --> 00:48:22,000
Speaker 9: That doesn't then we're satisfied, and we have to push

1056
00:48:22,160 --> 00:48:24,000
Speaker 9: all of those things that are going to support growth.

1057
00:48:24,040 --> 00:48:27,400
Speaker 9: We're having a export lead recovery. That dairy price is

1058
00:48:27,480 --> 00:48:31,400
Speaker 9: remaining high. Our exporters are continuing to persevere and access

1059
00:48:31,560 --> 00:48:34,400
Speaker 9: new markets, get good value. And the government for ourber

1060
00:48:34,840 --> 00:48:37,160
Speaker 9: is cutting through the red and green cape. We're ensuring

1061
00:48:37,200 --> 00:48:41,120
Speaker 9: that those public sector construction projects are getting underway. We've

1062
00:48:41,160 --> 00:48:44,400
Speaker 9: got that investment first tax policy which is giving businesses

1063
00:48:44,480 --> 00:48:47,200
Speaker 9: confidence and a reason to invest and grow. And we

1064
00:48:47,320 --> 00:48:50,880
Speaker 9: are going to keep at it. This country has great prospects.

1065
00:48:51,040 --> 00:48:55,080
Speaker 9: We buy, make and sell things that the world wants.

1066
00:48:55,480 --> 00:48:57,759
Speaker 9: We do it really well, we do it really efficiently.

1067
00:48:57,920 --> 00:48:59,680
Speaker 9: That will continue to be the case. We don't need

1068
00:48:59,719 --> 00:48:59,880
Speaker 9: a bit.

1069
00:49:00,120 --> 00:49:00,600
Speaker 22: I do back.

1070
00:49:00,880 --> 00:49:03,399
Speaker 2: Yes, I agree, so well argued, and you're right, you're

1071
00:49:03,400 --> 00:49:05,080
Speaker 2: one hundred percent correct, But your zero point eight, and

1072
00:49:05,120 --> 00:49:07,000
Speaker 2: this is where you get too political. Zero point eight

1073
00:49:07,080 --> 00:49:08,879
Speaker 2: was Q one Q two, I doubt will be much

1074
00:49:08,880 --> 00:49:10,960
Speaker 2: above zero. And Q three is a problem as well,

1075
00:49:11,480 --> 00:49:14,040
Speaker 2: which off sets you. Let's time zero point eight times

1076
00:49:14,080 --> 00:49:16,200
Speaker 2: four and come to three point two, because life don't

1077
00:49:16,280 --> 00:49:16,879
Speaker 2: work that way.

1078
00:49:17,000 --> 00:49:21,400
Speaker 9: Nikoler, Well, look, I agree with you. I am very

1079
00:49:21,480 --> 00:49:24,840
Speaker 9: aware that Q two has been challenging, and you know

1080
00:49:25,080 --> 00:49:28,279
Speaker 9: Liberation Day in April March the beginning of Q two,

1081
00:49:28,800 --> 00:49:31,840
Speaker 9: and it is no question I've spoken to many business

1082
00:49:31,920 --> 00:49:36,080
Speaker 9: people who took caution from that, who've been very nervous

1083
00:49:36,160 --> 00:49:39,440
Speaker 9: about it, and that will have affected confidence, investment intentions,

1084
00:49:39,480 --> 00:49:41,600
Speaker 9: all of those things. I think I do have a

1085
00:49:41,719 --> 00:49:44,800
Speaker 9: job to do, which is to say, yes, it's not

1086
00:49:44,960 --> 00:49:47,560
Speaker 9: great to have tariffs, but actually, relatives to the rest

1087
00:49:47,640 --> 00:49:50,720
Speaker 9: of the world, we're okay. Our exporters are very resilient,

1088
00:49:50,880 --> 00:49:53,520
Speaker 9: they are continuing to grow their volumes, and so let's

1089
00:49:53,600 --> 00:49:57,120
Speaker 9: not overdo how bad the Trump tariffs are going to

1090
00:49:57,200 --> 00:49:59,960
Speaker 9: be for New Zealand and lets it knock our confidence.

1091
00:50:00,080 --> 00:50:01,680
Speaker 9: I think that's what you're saw into you too. It

1092
00:50:01,760 --> 00:50:04,680
Speaker 9: will be reflected in the real data. I agree, but

1093
00:50:04,840 --> 00:50:07,279
Speaker 9: I still have great confidence that the fundamentals in the

1094
00:50:07,360 --> 00:50:08,160
Speaker 9: economy are good.

1095
00:50:08,320 --> 00:50:10,480
Speaker 2: Here's your next problem. Wages at two point four and

1096
00:50:10,560 --> 00:50:12,440
Speaker 2: now below inflation. We're going backwards.

1097
00:50:13,520 --> 00:50:16,640
Speaker 9: Well, you're using a different measure. I use the average

1098
00:50:16,680 --> 00:50:19,800
Speaker 9: hourly earnings measure, which allows for the fact that people

1099
00:50:19,880 --> 00:50:23,120
Speaker 9: get promotions and change jobs. That roads with five percent

1100
00:50:23,200 --> 00:50:23,560
Speaker 9: in the part.

1101
00:50:23,719 --> 00:50:27,080
Speaker 2: Yeah, well, if you're changing jobs, Nicola, this is you're

1102
00:50:27,120 --> 00:50:29,360
Speaker 2: too political again. I'm just looking at the numbers yesterday.

1103
00:50:29,440 --> 00:50:32,239
Speaker 2: Two point four is below the rate of inflation. That

1104
00:50:32,480 --> 00:50:34,239
Speaker 2: you know people are going to use that against you.

1105
00:50:34,520 --> 00:50:35,719
Speaker 2: We are going backwards.

1106
00:50:36,520 --> 00:50:38,880
Speaker 9: Well, there are two measures that you can use. The

1107
00:50:38,960 --> 00:50:41,440
Speaker 9: measure you're using as a valid measure. The measure I'm

1108
00:50:41,480 --> 00:50:44,319
Speaker 9: referring to allows for the fact that people twitch too

1109
00:50:44,520 --> 00:50:47,120
Speaker 9: to take promotions. The exciting thing in the mic, and

1110
00:50:47,200 --> 00:50:49,839
Speaker 9: I'm sure you're welcome, is that it's being driven by

1111
00:50:50,040 --> 00:50:53,160
Speaker 9: private sector wage growth. For a change. We've had a

1112
00:50:53,320 --> 00:50:55,560
Speaker 9: period in which a lot of the wage growth that

1113
00:50:55,719 --> 00:51:00,880
Speaker 9: was occurring was through collective bargaining or through equity settlements

1114
00:51:00,920 --> 00:51:04,680
Speaker 9: and the like, which was the taxpayer paying public servants more.

1115
00:51:04,760 --> 00:51:07,440
Speaker 9: We now have a situation where it's the private sector

1116
00:51:07,840 --> 00:51:10,160
Speaker 9: that is able to pay its employees more. That's more

1117
00:51:10,200 --> 00:51:13,560
Speaker 9: sustainable economy because when the private sector is choosing to

1118
00:51:13,640 --> 00:51:15,800
Speaker 9: pay their workers more. Not only does that mean that

1119
00:51:15,880 --> 00:51:18,640
Speaker 9: they are feeling profitable, but it also means we're creating real,

1120
00:51:18,880 --> 00:51:22,000
Speaker 9: sustainable wage growth. So I take a positive from that.

1121
00:51:22,080 --> 00:51:24,239
Speaker 9: But I'm with you. We do want to drive all

1122
00:51:24,320 --> 00:51:27,080
Speaker 9: of those measures higher. But that is not my job

1123
00:51:27,160 --> 00:51:29,200
Speaker 9: to talk down this economy. It's my job to look

1124
00:51:29,239 --> 00:51:32,279
Speaker 9: at the real data, what's telling us the positive things

1125
00:51:32,280 --> 00:51:32,760
Speaker 9: that are happening.

1126
00:51:33,200 --> 00:51:35,120
Speaker 2: Now, now we're going to run into trouble with each

1127
00:51:35,120 --> 00:51:37,399
Speaker 2: other again because I'm at least in part blame well,

1128
00:51:37,400 --> 00:51:40,239
Speaker 2: I'm blaming the RB. I think Christian Hawksby spends too

1129
00:51:40,320 --> 00:51:42,719
Speaker 2: much time in a room, and he's wrong, and he

1130
00:51:42,800 --> 00:51:45,719
Speaker 2: will it's two point five as neutral. He needs at

1131
00:51:45,800 --> 00:51:48,399
Speaker 2: least three more cuts, and they've undercooked this and that's

1132
00:51:48,480 --> 00:51:50,319
Speaker 2: not helping. You tell me I'm wrong.

1133
00:51:50,480 --> 00:51:54,000
Speaker 9: Well, well, every bank economist seems to agree with you, Mike,

1134
00:51:54,080 --> 00:51:55,880
Speaker 9: which is the saying in a couple of weeks the

1135
00:51:56,040 --> 00:51:59,920
Speaker 9: Result Bank needs to reduce interest rates again before casting

1136
00:52:00,080 --> 00:52:02,839
Speaker 9: at least another reduction by the end of the year,

1137
00:52:03,280 --> 00:52:06,560
Speaker 9: and on the real data, that would be in line

1138
00:52:06,600 --> 00:52:09,160
Speaker 9: with the Reserve Bank continuing with its track, which has

1139
00:52:09,280 --> 00:52:12,200
Speaker 9: continued to be that they should be reducing the official

1140
00:52:12,280 --> 00:52:15,480
Speaker 9: TESH rate. Now, obviously they're independence they make those decisions,

1141
00:52:15,800 --> 00:52:20,560
Speaker 9: but independent economists can't see any other than down for

1142
00:52:20,680 --> 00:52:22,600
Speaker 9: interest rates. And I see that as a positive.

1143
00:52:23,600 --> 00:52:26,399
Speaker 2: Well is it? Because my argument would be if they'd

1144
00:52:26,480 --> 00:52:28,840
Speaker 2: been more nimble, if they'd been more in touch with

1145
00:52:28,920 --> 00:52:31,600
Speaker 2: the economy, the real economy, not just wants and numbers,

1146
00:52:31,680 --> 00:52:34,360
Speaker 2: they would have felt it, seen it, and acted sooner.

1147
00:52:34,480 --> 00:52:37,279
Speaker 2: In acting sooner, it would have turbo charged the place better.

1148
00:52:38,680 --> 00:52:41,760
Speaker 9: Well, you've heard my criticisms of the Reserve Bank's decision

1149
00:52:41,840 --> 00:52:45,800
Speaker 9: making after COVID. I think they overdid it then and

1150
00:52:45,880 --> 00:52:49,120
Speaker 9: then were reasonably slow to recover. But at this point

1151
00:52:49,840 --> 00:52:52,120
Speaker 9: what we can see is they've got options, got the

1152
00:52:52,480 --> 00:52:56,719
Speaker 9: ability to move down. And that's what everyone's expecting to see.

1153
00:52:56,960 --> 00:52:58,759
Speaker 2: Yeah, I couldn't do your job. I'd be in as

1154
00:52:58,800 --> 00:53:00,560
Speaker 2: a year, I'd be giving and what or why? Now

1155
00:53:01,040 --> 00:53:04,320
Speaker 2: the thing that worries me. Do you see these numbers yesterday?

1156
00:53:04,320 --> 00:53:06,279
Speaker 2: The number of kids leaving school with no as a

1157
00:53:06,400 --> 00:53:10,440
Speaker 2: NOO qualifications teny six hundred. We've got sixteen percent of

1158
00:53:10,520 --> 00:53:14,200
Speaker 2: kids leaving school with not a single thing that will

1159
00:53:14,239 --> 00:53:15,840
Speaker 2: help them for the rest of their lives. How's that?

1160
00:53:16,080 --> 00:53:19,280
Speaker 9: And that is why Erica Stanford is on a massive

1161
00:53:19,400 --> 00:53:23,479
Speaker 9: mission to bring back basic literacy, uniracy, reading, writing maps

1162
00:53:23,520 --> 00:53:26,720
Speaker 9: into our schools. She's rolling out those textbooks, she's rolling

1163
00:53:26,760 --> 00:53:30,399
Speaker 9: out that structured curriculum. We're very serious about it. That's

1164
00:53:30,440 --> 00:53:33,560
Speaker 9: why we're replacing MCA. We know that if you have

1165
00:53:33,719 --> 00:53:37,240
Speaker 9: children leaving school without those basics, that is a fiscal

1166
00:53:37,320 --> 00:53:41,080
Speaker 9: disaster and economic disaster. Frankly, it's a moral disaster. So

1167
00:53:41,320 --> 00:53:43,960
Speaker 9: this idea that schools should be a pick apart adventure

1168
00:53:43,960 --> 00:53:45,839
Speaker 9: where we just talk about well being all day, we've

1169
00:53:45,880 --> 00:53:48,520
Speaker 9: rejected that. We're going back to the orthodoxy, back to

1170
00:53:48,600 --> 00:53:51,719
Speaker 9: the basics that actually equip young New Zealanders for life.

1171
00:53:51,840 --> 00:53:53,920
Speaker 2: I hope it works. Nice to see you. Nicola Willis,

1172
00:53:54,120 --> 00:53:56,040
Speaker 2: Finance Minister, seven forty five.

1173
00:53:57,080 --> 00:54:01,719
Speaker 1: The Mike Asking Breakfast Full Show podcast iHeartRadio powered by

1174
00:54:01,800 --> 00:54:03,920
Speaker 1: News Talks at b Jue Mike.

1175
00:54:04,000 --> 00:54:06,239
Speaker 2: Nicola was most explicit I've ever heard of Finance Minister

1176
00:54:06,320 --> 00:54:08,600
Speaker 2: and what she thinks about theb I'm glad you picked

1177
00:54:08,600 --> 00:54:10,480
Speaker 2: that up because I think I think there's an element

1178
00:54:10,520 --> 00:54:13,160
Speaker 2: of desperation in there, because Christian is going to have

1179
00:54:13,200 --> 00:54:15,200
Speaker 2: a job after twenty six no matter what happens.

1180
00:54:15,200 --> 00:54:15,640
Speaker 21: In the election.

1181
00:54:15,800 --> 00:54:18,919
Speaker 2: Nicola might not cars. Can I give you some reasonable news.

1182
00:54:19,000 --> 00:54:23,200
Speaker 2: July sales new cars July sales match June, huge improvement

1183
00:54:23,280 --> 00:54:24,719
Speaker 2: on the early part of the year. The early part

1184
00:54:24,719 --> 00:54:27,160
Speaker 2: of the year was a dog like commercials up again,

1185
00:54:27,200 --> 00:54:29,600
Speaker 2: which is sort of encouraging. Eleven than six hundred and

1186
00:54:29,640 --> 00:54:31,960
Speaker 2: seventy one registrations. It's not what it was. What it

1187
00:54:32,160 --> 00:54:35,279
Speaker 2: was was thirteen plus, but it's better than it has been.

1188
00:54:35,360 --> 00:54:38,839
Speaker 2: So it's a twenty six percent uplift from May. Thank

1189
00:54:38,880 --> 00:54:42,040
Speaker 2: the Good Lord for that. Electric vehicles did not share

1190
00:54:42,120 --> 00:54:45,560
Speaker 2: the overall upward trend, no kidding that particular part as well,

1191
00:54:45,600 --> 00:54:49,439
Speaker 2: and truly over ranger. It's the usual stuff, the high Lucks,

1192
00:54:49,480 --> 00:54:53,000
Speaker 2: the ASX, the Celtos, the Triton, Yaddy dada, yadda triple A.

1193
00:54:53,120 --> 00:54:55,360
Speaker 2: This morning, just while I got you the triple A,

1194
00:54:55,560 --> 00:54:58,959
Speaker 2: the Australian Automobile Association has done the first independent test

1195
00:54:59,239 --> 00:55:01,640
Speaker 2: in Australia. We know different than it is here of

1196
00:55:01,800 --> 00:55:05,440
Speaker 2: EV's on what they claim and what they deliver in

1197
00:55:05,600 --> 00:55:07,319
Speaker 2: terms of miles. You know when they say I tell

1198
00:55:07,360 --> 00:55:09,800
Speaker 2: you what it goes four hundred and eighty kilometers in

1199
00:55:09,880 --> 00:55:13,040
Speaker 2: a single charge and the reality is no, it doesn't.

1200
00:55:13,560 --> 00:55:16,400
Speaker 2: So the Atto three BYDS claims four to eighty. It's

1201
00:55:16,440 --> 00:55:19,000
Speaker 2: actually three sixty nine. According to the Triple A. The

1202
00:55:19,080 --> 00:55:21,800
Speaker 2: Model three Tesla five point thirteen, they claim it's actually

1203
00:55:21,840 --> 00:55:24,480
Speaker 2: four forty one. The EV six the key of the

1204
00:55:24,520 --> 00:55:26,719
Speaker 2: five twenty eight claim is wrong, it's four eight four.

1205
00:55:27,040 --> 00:55:29,600
Speaker 2: Closest they got actually was the Smart three. Do we

1206
00:55:29,680 --> 00:55:31,080
Speaker 2: have the Smart three? I don't know we got the

1207
00:55:31,080 --> 00:55:33,200
Speaker 2: Smart three in this country and it doesn't matter. Four

1208
00:55:33,320 --> 00:55:35,239
Speaker 2: hundred and fifty five is what they claim. It came

1209
00:55:35,320 --> 00:55:38,399
Speaker 2: in at four three to two. So that's yeah, that's

1210
00:55:38,480 --> 00:55:40,680
Speaker 2: not the end of the world right now. The next

1211
00:55:40,760 --> 00:55:42,680
Speaker 2: matter we need to deal with is I don't know

1212
00:55:42,719 --> 00:55:45,560
Speaker 2: what cost of living crisis there is because everyone's in Europe.

1213
00:55:46,320 --> 00:55:48,440
Speaker 2: And when keywis go to Europe as they have and

1214
00:55:48,560 --> 00:55:50,640
Speaker 2: are at the moment over the northern summer, what we

1215
00:55:50,760 --> 00:55:54,319
Speaker 2: do is then fall over and break stuff, and then

1216
00:55:54,360 --> 00:55:56,400
Speaker 2: we claim on our insurance. So one we've got the

1217
00:55:56,440 --> 00:55:58,800
Speaker 2: price of a ticket, two we've got the price of insurance,

1218
00:55:59,160 --> 00:56:00,960
Speaker 2: and then we go in in you're ourselves so more

1219
00:56:01,000 --> 00:56:02,000
Speaker 2: shortly ten to wait.

1220
00:56:02,800 --> 00:56:05,560
Speaker 1: The make Hosking breakfast with rainthrow b news.

1221
00:56:05,600 --> 00:56:07,200
Speaker 2: Tom's dead b's it away from it? Do you know

1222
00:56:07,280 --> 00:56:09,080
Speaker 2: what we do when we go on holiday, Well, chances

1223
00:56:09,120 --> 00:56:11,840
Speaker 2: are we making insurance claim new data record number of

1224
00:56:11,920 --> 00:56:14,839
Speaker 2: claims from kiwis in Europe one cover in Z's paid

1225
00:56:14,880 --> 00:56:17,879
Speaker 2: out two point seven million since May. What for while

1226
00:56:17,960 --> 00:56:21,640
Speaker 2: slipping downstairs? Cracked teeth and broken backs? Roseanne Connley George,

1227
00:56:21,680 --> 00:56:26,440
Speaker 2: co owner of Vincent George Travel Agents, as with us, Roseanne, morning, good.

1228
00:56:26,320 --> 00:56:27,960
Speaker 18: Morning, my hell do you so?

1229
00:56:28,040 --> 00:56:29,680
Speaker 2: I'm well? Thank you? Do you see it when you ring?

1230
00:56:29,840 --> 00:56:31,840
Speaker 2: Barbara and she went to Sicily and do you go?

1231
00:56:31,920 --> 00:56:33,799
Speaker 2: How'd to go? Barb? And Barb went, well, it fell over?

1232
00:56:33,880 --> 00:56:34,600
Speaker 2: Do you hear that? A lot?

1233
00:56:36,080 --> 00:56:39,120
Speaker 21: We do get a number of claims for sure. I

1234
00:56:39,239 --> 00:56:43,839
Speaker 21: think insurance is absolutely relevant in the travel industry right now,

1235
00:56:44,000 --> 00:56:47,279
Speaker 21: especially with a lot of weather disrupts and a lot

1236
00:56:47,320 --> 00:56:51,440
Speaker 21: of uncertainty around the world, world events, et cetera. We're

1237
00:56:51,560 --> 00:56:56,400
Speaker 21: seeing more so though with luggage loss, luggage delays. There

1238
00:56:56,480 --> 00:56:59,360
Speaker 21: is a really big one. And I think Europe is

1239
00:56:59,560 --> 00:57:02,719
Speaker 21: a key spot because it's really the top sellar at

1240
00:57:02,760 --> 00:57:05,680
Speaker 21: the moment. And I think the age group and demographic

1241
00:57:05,760 --> 00:57:08,600
Speaker 21: that's heading through to Europe is that middle age too,

1242
00:57:09,680 --> 00:57:13,839
Speaker 21: a bit older, demographics, so the claims do stack up. Unfortunately,

1243
00:57:13,960 --> 00:57:15,480
Speaker 21: when people are traveling.

1244
00:57:15,160 --> 00:57:17,080
Speaker 2: What proceed did you people take out insurance?

1245
00:57:18,800 --> 00:57:22,320
Speaker 21: For us, we recommend everybody taking I know, but how

1246
00:57:22,360 --> 00:57:27,160
Speaker 21: many actually really I would say ninety nine percent of

1247
00:57:27,520 --> 00:57:30,880
Speaker 21: our travelers would Those that don't would be more so

1248
00:57:31,080 --> 00:57:33,960
Speaker 21: those that are heading across the Tasman. But I am

1249
00:57:34,160 --> 00:57:36,440
Speaker 21: not aware of ary men that do not take at

1250
00:57:36,520 --> 00:57:38,400
Speaker 21: insurance when they're going on a larger journey.

1251
00:57:38,560 --> 00:57:40,960
Speaker 2: Are we seeing an increase in premiums if we're making

1252
00:57:41,000 --> 00:57:43,240
Speaker 2: all these claims, the insurance company aren't in the business

1253
00:57:43,280 --> 00:57:45,600
Speaker 2: of being nice. They'll be putting the bill up, won't.

1254
00:57:45,400 --> 00:57:46,640
Speaker 17: They On.

1255
00:57:48,120 --> 00:57:51,280
Speaker 21: The premiums are definitely rising, but where they are really

1256
00:57:51,360 --> 00:57:56,120
Speaker 21: significant with preexisting medical conditions, those are becoming more relevant

1257
00:57:56,160 --> 00:57:59,600
Speaker 21: now and so they are becoming something that's a lot

1258
00:57:59,640 --> 00:58:02,919
Speaker 21: more efenses to be covering. But for that peace of mind,

1259
00:58:03,000 --> 00:58:06,800
Speaker 21: we're finding that when there are claims, it really pays off.

1260
00:58:07,080 --> 00:58:09,960
Speaker 21: But something that's really interesting, Mike is that we are

1261
00:58:10,120 --> 00:58:10,640
Speaker 21: seeing a.

1262
00:58:10,720 --> 00:58:13,400
Speaker 18: Lot of claims before people go.

1263
00:58:14,080 --> 00:58:18,400
Speaker 21: So there's been Yeah, so people forget that travel insurance

1264
00:58:18,600 --> 00:58:22,360
Speaker 21: actually taken out at the time you start paying money.

1265
00:58:22,960 --> 00:58:27,680
Speaker 21: This is when it kicks in for unforeseen circumstance previous

1266
00:58:27,760 --> 00:58:32,000
Speaker 21: to travel. So we're seeing a number of clients actually

1267
00:58:32,480 --> 00:58:38,920
Speaker 21: claiming on heart attacks, strokes, cant diagnosises before they're leaving. Now,

1268
00:58:39,040 --> 00:58:44,360
Speaker 21: whilst some of their particular travel arrangements can be refundable

1269
00:58:44,800 --> 00:58:46,920
Speaker 21: and they may not be the large claims that we've

1270
00:58:46,920 --> 00:58:50,520
Speaker 21: seen overseas for medical, they are still extremely relevant.

1271
00:58:51,080 --> 00:58:52,760
Speaker 2: What happens if you're a bit pissed and you fall

1272
00:58:52,840 --> 00:58:55,240
Speaker 2: down the stairs? Is there a rule against that? I mean,

1273
00:58:55,280 --> 00:58:57,080
Speaker 2: do they say, well, you shouldn't have had a drink,

1274
00:58:57,080 --> 00:58:57,680
Speaker 2: it's your fault.

1275
00:58:58,600 --> 00:59:01,360
Speaker 21: I think it's circumstance. There are clauses in there that

1276
00:59:01,520 --> 00:59:04,760
Speaker 21: does say that if there's intoxication or drug abuse and

1277
00:59:04,840 --> 00:59:07,880
Speaker 21: things that are involved. I guess it comes down to

1278
00:59:07,960 --> 00:59:10,640
Speaker 21: the claimant to be completely honest about the nature of

1279
00:59:10,720 --> 00:59:13,480
Speaker 21: the claim and what's happened for that situation.

1280
00:59:13,800 --> 00:59:15,400
Speaker 2: Roseanne, always a pleasure in us to talk to you,

1281
00:59:15,520 --> 00:59:17,800
Speaker 2: Roseanne Connolly George, who's the co owner of Vincent George

1282
00:59:17,880 --> 00:59:22,040
Speaker 2: Travel Agents. We had our business is an increase, very

1283
00:59:22,080 --> 00:59:23,760
Speaker 2: interesting article. I'll come back to it later if I

1284
00:59:23,840 --> 00:59:25,520
Speaker 2: got time, but there's been a big increase. This is

1285
00:59:25,560 --> 00:59:27,919
Speaker 2: my thing on ACC. At the moment, ACC isn't working

1286
00:59:28,840 --> 00:59:31,000
Speaker 2: and there's been a big increase in worker is taking

1287
00:59:31,200 --> 00:59:32,960
Speaker 2: weeks off so they have a thing, you know, like

1288
00:59:33,120 --> 00:59:34,360
Speaker 2: more than a week. So if you're off for a

1289
00:59:34,400 --> 00:59:35,880
Speaker 2: couple of days or whatever, and they pay you but

1290
00:59:35,960 --> 00:59:38,320
Speaker 2: they don't really care. But the week away from work,

1291
00:59:38,960 --> 00:59:43,840
Speaker 2: injury claims are up twenty five percent. So they're trying

1292
00:59:43,880 --> 00:59:45,520
Speaker 2: to work out what's going on there. I mean, are

1293
00:59:45,600 --> 00:59:49,560
Speaker 2: we actually more injured or are more of us being injured?

1294
00:59:49,600 --> 00:59:51,880
Speaker 2: And when we injure ourselves, are the injuries worse than

1295
00:59:51,920 --> 00:59:54,320
Speaker 2: they used to be or is somebody somewhere going, oh

1296
00:59:54,520 --> 00:59:56,240
Speaker 2: the hell, you have a couple of weeks off and

1297
00:59:56,480 --> 00:59:58,000
Speaker 2: somebody else will pay for it. So there's a bit

1298
00:59:58,040 --> 00:59:59,800
Speaker 2: of that going on. Anyway. Well, come back to that

1299
01:00:00,000 --> 01:00:02,760
Speaker 2: after thirty this morning, Rod Little. They got major tax

1300
01:00:02,800 --> 01:00:04,760
Speaker 2: issues to talk about in Britain at the moment. I'll

1301
01:00:04,760 --> 01:00:06,920
Speaker 2: give you some tax rate so that some research on

1302
01:00:07,000 --> 01:00:09,320
Speaker 2: tax rates in Britain. You'll be amazed how heavily tax

1303
01:00:09,400 --> 01:00:10,680
Speaker 2: they are. If you think it's bad here, it's even

1304
01:00:10,680 --> 01:00:13,480
Speaker 2: worse there. Anyway, that's all still to come next. Kaylee Bell.

1305
01:00:14,960 --> 01:00:18,920
Speaker 1: Setting the agenda and talking the big issues, the My Asking,

1306
01:00:19,000 --> 01:00:23,800
Speaker 1: Breakfast with A, Veda, Retirement, Communities, Life your Way, News, tog.

1307
01:00:23,720 --> 01:00:31,440
Speaker 2: Sad b unmy after the starting guys a seven past day.

1308
01:00:31,440 --> 01:00:32,760
Speaker 2: I want to enjoy it is to welcome back to

1309
01:00:32,800 --> 01:00:35,520
Speaker 2: the studio old mate, Kaylee Bell. It has been a year,

1310
01:00:35,600 --> 01:00:37,400
Speaker 2: but then one of us has been having children, so

1311
01:00:37,520 --> 01:00:39,320
Speaker 2: therefore has been a little bit busy. We have a

1312
01:00:39,400 --> 01:00:41,440
Speaker 2: new single this morning, along with a new album at

1313
01:00:41,440 --> 01:00:43,320
Speaker 2: the end of September and a five day New Zealand

1314
01:00:43,360 --> 01:00:46,120
Speaker 2: tour as well. Kaylee Bell is with us. Good morning,

1315
01:00:46,200 --> 01:00:47,000
Speaker 2: Good morning, Mike.

1316
01:00:47,040 --> 01:00:47,320
Speaker 15: How are you?

1317
01:00:47,560 --> 01:00:51,600
Speaker 2: I'm extremely well, so I have a confession, but before

1318
01:00:51,600 --> 01:00:53,760
Speaker 2: I get to the confession, I need to ask you

1319
01:00:53,840 --> 01:00:56,960
Speaker 2: the woman's weekly question, which is how's motherhood?

1320
01:00:57,400 --> 01:00:58,320
Speaker 15: It's amazing.

1321
01:00:58,920 --> 01:01:01,360
Speaker 22: I had a little six month old baby boy, James,

1322
01:01:01,600 --> 01:01:06,840
Speaker 22: and he's already been to America, Australia, around this country

1323
01:01:07,080 --> 01:01:10,880
Speaker 22: and yep, he's definitely just getting chucked in and thank

1324
01:01:10,960 --> 01:01:11,240
Speaker 22: him for the.

1325
01:01:11,280 --> 01:01:13,360
Speaker 2: Right fantastic Has he cut his first track yet?

1326
01:01:14,920 --> 01:01:17,000
Speaker 15: Well, his favorite song at the moment is the Wiggles song.

1327
01:01:17,160 --> 01:01:20,960
Speaker 2: So they still hope you'll go through that? Is it

1328
01:01:21,040 --> 01:01:22,000
Speaker 2: all you thought it would be?

1329
01:01:22,840 --> 01:01:25,320
Speaker 22: I really didn't actually have any idea what to expect,

1330
01:01:25,360 --> 01:01:27,720
Speaker 22: I don't think, but I feel like we've been pretty

1331
01:01:27,760 --> 01:01:30,200
Speaker 22: lucky with him. You know, he's an amazing sleeper and

1332
01:01:30,280 --> 01:01:32,360
Speaker 22: things like that, which obviously make life a lot easier.

1333
01:01:33,320 --> 01:01:34,160
Speaker 15: But it's just so nice.

1334
01:01:34,200 --> 01:01:35,840
Speaker 22: I never thought i'd get the chance to be a mother,

1335
01:01:35,920 --> 01:01:38,000
Speaker 22: and I love that I get to go and, you know,

1336
01:01:38,120 --> 01:01:40,320
Speaker 22: play a show and I walk off the stage and

1337
01:01:40,400 --> 01:01:42,080
Speaker 22: he's there now, or I get to come home.

1338
01:01:41,920 --> 01:01:42,760
Speaker 15: To him at the end of the day.

1339
01:01:42,760 --> 01:01:45,640
Speaker 22: And it's like in an industry that, as you probably

1340
01:01:45,640 --> 01:01:47,920
Speaker 22: while are weird, there's a lot of you know, up

1341
01:01:48,000 --> 01:01:51,000
Speaker 22: and downs and bs for what of a better word,

1342
01:01:51,080 --> 01:01:53,120
Speaker 22: in this industry, it's so nice to have something so

1343
01:01:53,360 --> 01:01:54,400
Speaker 22: grounding and just.

1344
01:01:54,560 --> 01:01:56,280
Speaker 15: Like just real.

1345
01:01:56,480 --> 01:01:59,280
Speaker 2: You know, it does change you, doesn't it. The logistics

1346
01:01:59,320 --> 01:02:01,240
Speaker 2: of it all, are they difficult?

1347
01:02:01,440 --> 01:02:05,280
Speaker 15: They are very difficult. I feel like they've always been tricky.

1348
01:02:05,360 --> 01:02:09,080
Speaker 22: I mean, we travel with about twenty Pelicans on the

1349
01:02:09,200 --> 01:02:12,640
Speaker 22: road and nine guys, and now we're just kind of

1350
01:02:12,680 --> 01:02:14,480
Speaker 22: adding a baby in the mix with everything that that

1351
01:02:14,680 --> 01:02:18,400
Speaker 22: also entails. So yeah, I'm lucky my partner Nick, he

1352
01:02:18,480 --> 01:02:21,120
Speaker 22: obviously works with me as well, and we've always been organized.

1353
01:02:21,160 --> 01:02:23,600
Speaker 15: But I just feel like we're really organized.

1354
01:02:23,640 --> 01:02:26,400
Speaker 2: Now, that's good. Did the music stop for a while

1355
01:02:26,680 --> 01:02:28,200
Speaker 2: while I was so you kept on.

1356
01:02:28,320 --> 01:02:29,960
Speaker 15: Being I actually worked right up.

1357
01:02:30,240 --> 01:02:33,720
Speaker 22: We're on the Cane Brown tour through Australia at about

1358
01:02:33,800 --> 01:02:36,760
Speaker 22: thirty four weeks pregnant, and then basically had to stop

1359
01:02:37,240 --> 01:02:38,160
Speaker 22: for flying reasons.

1360
01:02:38,360 --> 01:02:41,200
Speaker 15: I cut a record here in New Zealand, actually cut

1361
01:02:41,240 --> 01:02:41,600
Speaker 15: my record.

1362
01:02:41,640 --> 01:02:44,320
Speaker 22: My producer came out from Nashville in December, so we

1363
01:02:44,400 --> 01:02:46,640
Speaker 22: did that then, and then I had James at the

1364
01:02:46,680 --> 01:02:48,919
Speaker 22: end of January and we were back on stage after

1365
01:02:48,960 --> 01:02:50,920
Speaker 22: six weeks for CMC Rocks and I stood.

1366
01:02:50,720 --> 01:02:52,360
Speaker 2: On you and I watched that the other day. The

1367
01:02:52,480 --> 01:02:54,440
Speaker 2: CMC Rocks thing. That's a that's a thing.

1368
01:02:54,640 --> 01:02:55,160
Speaker 15: It's a thing.

1369
01:02:55,320 --> 01:02:58,320
Speaker 22: It's it's just kind of exploded over the last i'd

1370
01:02:58,400 --> 01:03:00,720
Speaker 22: say five to ten years. And we had a really

1371
01:03:00,760 --> 01:03:02,320
Speaker 22: cool spot this year. We got to play like the

1372
01:03:02,400 --> 01:03:05,680
Speaker 22: Sunset Spot, and Australian fans are really amazing, Like when

1373
01:03:05,720 --> 01:03:07,640
Speaker 22: it comes to just getting in there and having a

1374
01:03:07,680 --> 01:03:10,920
Speaker 22: good time and supporting, you know, artists from the sci.

1375
01:03:10,800 --> 01:03:12,040
Speaker 2: Showing me go back to those sort of things. You

1376
01:03:12,120 --> 01:03:14,560
Speaker 2: feeling momentum, like you're getting bigger and better and all that.

1377
01:03:14,800 --> 01:03:18,880
Speaker 22: Absolutely, I think, Yeah, we've just really just been continuing

1378
01:03:19,040 --> 01:03:20,640
Speaker 22: to grow this thing, and we put a lot of

1379
01:03:20,680 --> 01:03:23,880
Speaker 22: emphasis on the live show. I think is really important

1380
01:03:23,920 --> 01:03:25,560
Speaker 22: for us, and so we just want to keep getting

1381
01:03:25,560 --> 01:03:29,160
Speaker 22: better and we keep getting these amazing opportunities, like we've

1382
01:03:29,200 --> 01:03:31,840
Speaker 22: got a festival coming up with Shaboozi and Jelly Roll,

1383
01:03:31,920 --> 01:03:34,680
Speaker 22: and the spots are getting better that we get to play,

1384
01:03:34,720 --> 01:03:35,840
Speaker 22: which I think is a really.

1385
01:03:35,680 --> 01:03:37,560
Speaker 2: Good because they're they're the real deal.

1386
01:03:37,640 --> 01:03:38,440
Speaker 15: They are the real deal.

1387
01:03:38,640 --> 01:03:40,720
Speaker 2: Well, Caane Brown's the real deal. Oh my gosh, do

1388
01:03:40,800 --> 01:03:41,600
Speaker 2: you hang out with him?

1389
01:03:42,080 --> 01:03:43,680
Speaker 15: We had the best time on tour with him.

1390
01:03:43,800 --> 01:03:46,720
Speaker 22: It was to me he's like one of those country

1391
01:03:46,800 --> 01:03:50,520
Speaker 22: artists that can really cross over into He's got a

1392
01:03:50,560 --> 01:03:53,200
Speaker 22: lot of pop sensibilities that it was amazing just to

1393
01:03:53,280 --> 01:03:57,000
Speaker 22: actually like stand side stage and watch how they take

1394
01:03:57,080 --> 01:03:59,640
Speaker 22: his songs from like what we hear and you know,

1395
01:03:59,720 --> 01:04:02,240
Speaker 22: honest records and actually how they interpret that live. And

1396
01:04:02,520 --> 01:04:05,360
Speaker 22: I think we took away a lot from his live

1397
01:04:05,440 --> 01:04:07,960
Speaker 22: show and his band and stuff, like we still on

1398
01:04:08,160 --> 01:04:09,920
Speaker 22: group chats and he.

1399
01:04:10,080 --> 01:04:13,080
Speaker 2: Is a slick act, which, speaking of which brings me

1400
01:04:13,440 --> 01:04:17,720
Speaker 2: to my confession. Cowboy Up. Yes, I had heard it

1401
01:04:18,400 --> 01:04:21,040
Speaker 2: and I didn't think it was you. I didn't Yes,

1402
01:04:21,120 --> 01:04:22,040
Speaker 2: I didn't know it was you.

1403
01:04:22,240 --> 01:04:22,479
Speaker 15: Wow.

1404
01:04:22,600 --> 01:04:24,480
Speaker 2: I just thought it was a really good song. And

1405
01:04:24,640 --> 01:04:26,480
Speaker 2: Katie said one day and she was playing at home

1406
01:04:26,560 --> 01:04:28,680
Speaker 2: and she goes and Kylie Beller and I said.

1407
01:04:29,000 --> 01:04:29,160
Speaker 8: Is that?

1408
01:04:29,560 --> 01:04:31,040
Speaker 2: And I just joined the dots at that point. And

1409
01:04:31,080 --> 01:04:32,760
Speaker 2: the reason I didn't think it was you is I

1410
01:04:32,840 --> 01:04:37,479
Speaker 2: thought it was such a slick, professional Nashville International type song.

1411
01:04:37,640 --> 01:04:38,480
Speaker 15: Oh thank you match.

1412
01:04:38,560 --> 01:04:39,720
Speaker 2: It was a phenomenal song.

1413
01:04:39,880 --> 01:04:40,920
Speaker 15: That song had a journey.

1414
01:04:41,200 --> 01:04:44,240
Speaker 22: I actually wrote that in New Zealand and at prosong Cubs,

1415
01:04:44,680 --> 01:04:48,080
Speaker 22: just over at Roundhead Studios, obviously one of the most

1416
01:04:48,080 --> 01:04:49,720
Speaker 22: beautiful studios probably in the world.

1417
01:04:49,760 --> 01:04:52,000
Speaker 2: Actually Neil put his head around the corner and.

1418
01:04:54,360 --> 01:04:56,560
Speaker 15: Actually here's a line of like, thanks Neil, see letter

1419
01:04:58,000 --> 01:04:58,439
Speaker 15: I wish.

1420
01:04:58,840 --> 01:05:00,840
Speaker 22: But I wrote that song and like March and I

1421
01:05:00,960 --> 01:05:04,360
Speaker 22: tease that song on TikTok and it kind of exploded.

1422
01:05:04,400 --> 01:05:06,560
Speaker 22: But then I was like, like, I actually need to

1423
01:05:06,680 --> 01:05:09,200
Speaker 22: have the song produced. And it took me about nine

1424
01:05:09,200 --> 01:05:11,480
Speaker 22: months to find the person and I actually land with

1425
01:05:12,480 --> 01:05:15,520
Speaker 22: Travis Heidelman and Nashville who's been doing all the Dasher stuff.

1426
01:05:15,600 --> 01:05:17,400
Speaker 22: So it's very nice that you say that, because I

1427
01:05:17,480 --> 01:05:18,800
Speaker 22: feel like I love the Dasher stuff.

1428
01:05:18,960 --> 01:05:21,440
Speaker 2: It doesn't it? But you know what I'm saying, it's

1429
01:05:21,800 --> 01:05:25,040
Speaker 2: it is very international. Do you think about Kane Brown

1430
01:05:25,080 --> 01:05:27,240
Speaker 2: and what he does in a play to males? It's

1431
01:05:27,280 --> 01:05:29,480
Speaker 2: got the same yeah about it, doesn't it?

1432
01:05:29,760 --> 01:05:29,960
Speaker 6: Yeah?

1433
01:05:30,000 --> 01:05:32,160
Speaker 22: And that's I guess that's why we're kind of basing

1434
01:05:32,280 --> 01:05:34,200
Speaker 22: a whole tour around it now. It's one of those

1435
01:05:34,280 --> 01:05:37,160
Speaker 22: songs that, like, I think people have just really quickly resonated,

1436
01:05:37,200 --> 01:05:38,920
Speaker 22: And as soon as we started playing it live in

1437
01:05:38,960 --> 01:05:40,320
Speaker 22: the set, it was like it felt like one of

1438
01:05:40,360 --> 01:05:41,840
Speaker 22: those songs that will be in the set for a

1439
01:05:41,920 --> 01:05:44,760
Speaker 22: long time. So it's always lovely when you get those

1440
01:05:44,800 --> 01:05:46,320
Speaker 22: songs because they're few and far between.

1441
01:05:46,520 --> 01:05:48,360
Speaker 2: It's going to go for miles that song. By the way,

1442
01:05:48,360 --> 01:05:49,760
Speaker 2: what are you going to play for us after the break?

1443
01:05:49,960 --> 01:05:51,439
Speaker 15: I've got a brand new single out at the moment

1444
01:05:51,560 --> 01:05:52,600
Speaker 15: called The Thing About Us?

1445
01:05:52,840 --> 01:05:53,840
Speaker 2: Okay, is it any good?

1446
01:05:54,160 --> 01:05:54,200
Speaker 8: No?

1447
01:05:55,880 --> 01:05:57,800
Speaker 2: Because I'm just enjoying talking to you, That's all I'm

1448
01:05:57,840 --> 01:05:58,200
Speaker 2: just trying to.

1449
01:05:58,880 --> 01:06:01,040
Speaker 15: We know'd much rather too singer a chat?

1450
01:06:01,040 --> 01:06:02,840
Speaker 2: All right, Okay, listen, we'll get you this singing about

1451
01:06:02,840 --> 01:06:04,480
Speaker 2: but thirteen thirteen past eight.

1452
01:06:05,280 --> 01:06:10,040
Speaker 1: The Mic Asking Breakfast Full Show podcast on iheartradiow by

1453
01:06:10,120 --> 01:06:10,720
Speaker 1: News Talk.

1454
01:06:10,640 --> 01:06:14,520
Speaker 2: Zippy News Talks quarter past date. Kaylee Bell's in the studio.

1455
01:06:14,600 --> 01:06:15,960
Speaker 2: So I got it right, didn't I. So we've got

1456
01:06:16,000 --> 01:06:17,000
Speaker 2: the new single this morning.

1457
01:06:17,120 --> 01:06:17,400
Speaker 15: Correct.

1458
01:06:17,560 --> 01:06:19,800
Speaker 2: You've got how many singles out from the forthcoming album?

1459
01:06:19,960 --> 01:06:22,520
Speaker 15: We've got four singles out and there's four more to

1460
01:06:22,560 --> 01:06:23,200
Speaker 15: come on the record.

1461
01:06:23,280 --> 01:06:26,080
Speaker 2: Okay, very good. And the album's out next month September

1462
01:06:26,080 --> 01:06:28,680
Speaker 2: twenty six, and the tours coming in the latter part

1463
01:06:28,680 --> 01:06:30,520
Speaker 2: of the Let me give the dates on that shortly,

1464
01:06:30,680 --> 01:06:32,960
Speaker 2: because in the meantime we need to hear.

1465
01:06:33,320 --> 01:06:35,480
Speaker 15: The new single, the new single which is called what

1466
01:06:35,840 --> 01:06:37,000
Speaker 15: that's called the Thing about Us?

1467
01:06:37,080 --> 01:06:47,919
Speaker 6: Okay, it's a sleepin on a slowdy so our home,

1468
01:06:48,080 --> 01:06:51,160
Speaker 6: take a long way to get about the hustle and

1469
01:06:51,280 --> 01:06:54,120
Speaker 6: the fair sing Who's in track of time with you?

1470
01:06:55,880 --> 01:06:59,800
Speaker 6: It's the magic of the moment. It's said that would

1471
01:07:00,040 --> 01:07:03,080
Speaker 6: and it's glow it here we go together and we

1472
01:07:03,280 --> 01:07:07,000
Speaker 6: know it. Everything is better now, baby. That's the thing

1473
01:07:07,120 --> 01:07:11,800
Speaker 6: about sunshine kissing on my shoulder on a long jobs.

1474
01:07:11,880 --> 01:07:15,520
Speaker 6: See the way you're looking over your ryes reminding me

1475
01:07:15,800 --> 01:07:16,560
Speaker 6: something good.

1476
01:07:18,000 --> 01:07:18,320
Speaker 2: Baby.

1477
01:07:18,440 --> 01:07:19,160
Speaker 15: That's the thing.

1478
01:07:19,080 --> 01:07:23,560
Speaker 6: About those guy's pading like your blood jeans feels right

1479
01:07:23,760 --> 01:07:24,480
Speaker 6: wrapped up in.

1480
01:07:24,560 --> 01:07:28,320
Speaker 15: Your rip teeth. We know this is a forevery kind

1481
01:07:28,400 --> 01:07:28,840
Speaker 15: of love.

1482
01:07:29,880 --> 01:07:30,200
Speaker 2: Baby.

1483
01:07:30,320 --> 01:07:37,600
Speaker 6: That's the thing about us. Baby, that's the thing about us,

1484
01:07:42,880 --> 01:07:46,080
Speaker 6: Cause you're reading my mind when I lost it. You

1485
01:07:46,280 --> 01:07:49,919
Speaker 6: keep me on track when I'm off it. What everybody's

1486
01:07:49,960 --> 01:07:53,880
Speaker 6: looking for, we got it. The sweetest thing I ever found. Baby.

1487
01:07:54,040 --> 01:07:55,280
Speaker 15: That's the thing about.

1488
01:07:55,480 --> 01:07:59,560
Speaker 6: Sunshine kissing on my shoulder on a long jobs. See

1489
01:07:59,640 --> 01:08:03,120
Speaker 6: the way you're looking over who rides reminding me of

1490
01:08:03,280 --> 01:08:08,760
Speaker 6: something good. Baby, that's the thing about loose Guy's fading

1491
01:08:08,920 --> 01:08:12,240
Speaker 6: like your blue jeans feels right wrapped up in your

1492
01:08:12,320 --> 01:08:12,800
Speaker 6: rip tea.

1493
01:08:13,400 --> 01:08:14,960
Speaker 10: We know this is a.

1494
01:08:15,080 --> 01:08:16,360
Speaker 15: Forever kind of love.

1495
01:08:17,439 --> 01:08:17,719
Speaker 2: Baby.

1496
01:08:17,880 --> 01:08:19,240
Speaker 15: That's a thing about us.

1497
01:08:22,200 --> 01:08:31,280
Speaker 6: Yeah, Baby, that's the thing about us, because we're falling

1498
01:08:31,400 --> 01:08:34,040
Speaker 6: in deep at the right place, at the right time.

1499
01:08:34,200 --> 01:08:37,400
Speaker 6: Can't believe I'm the one that's calling you mine. The

1500
01:08:37,520 --> 01:08:42,200
Speaker 6: thing about real love, you really gotta show up and

1501
01:08:42,400 --> 01:08:46,679
Speaker 6: a hard times think is never getting better. Long nights,

1502
01:08:46,800 --> 01:08:50,320
Speaker 6: Thanking God that we're together, we'll say we know we

1503
01:08:50,400 --> 01:08:55,720
Speaker 6: got something good. Maybe that's the thing about loose guys. Yeah,

1504
01:08:55,800 --> 01:08:59,160
Speaker 6: they're gonna come and go. Real life ain't a He's

1505
01:08:59,200 --> 01:09:00,920
Speaker 6: an easy road the Wena.

1506
01:09:01,439 --> 01:09:03,360
Speaker 15: This is a forever can off.

1507
01:09:04,439 --> 01:09:04,759
Speaker 6: Baby.

1508
01:09:04,880 --> 01:09:06,200
Speaker 15: That's a thing about us.

1509
01:09:08,479 --> 01:09:16,559
Speaker 6: Oh yeah, baby, that's a thing about us. Oh yeah, baby,

1510
01:09:16,680 --> 01:09:17,799
Speaker 6: that's a thing. A Bell.

1511
01:09:19,720 --> 01:09:22,439
Speaker 2: Instant reviews. Gosh, Mike, she has a lovely voice. Gosh,

1512
01:09:22,560 --> 01:09:26,000
Speaker 2: darn I love Kaylee Bel Sadega. Thank they're lapping you up.

1513
01:09:26,080 --> 01:09:29,160
Speaker 2: So you got the single, you got the album, You're

1514
01:09:29,240 --> 01:09:30,760
Speaker 2: around the country. I'll give the dates in just a

1515
01:09:30,800 --> 01:09:33,280
Speaker 2: couple of moments, and next time you bring jameson.

1516
01:09:33,120 --> 01:09:35,160
Speaker 15: Absolutely and we'll have you willing to do some babies.

1517
01:09:35,160 --> 01:09:37,840
Speaker 2: We'll have a little sing along or a campfire or whatever.

1518
01:09:37,920 --> 01:09:39,680
Speaker 2: It's lovely to see you, lovely to see you, and

1519
01:09:39,760 --> 01:09:41,600
Speaker 2: we'll get you in again soon. Kaylee Bell. It is

1520
01:09:41,680 --> 01:09:42,599
Speaker 2: nineteen past eight.

1521
01:09:43,040 --> 01:09:47,280
Speaker 1: The Lighthosking Breakfast with Bailey's real estate news talks.

1522
01:09:47,080 --> 01:09:50,360
Speaker 2: Did be as we age, Independence means everything. Of course,

1523
01:09:50,400 --> 01:09:53,080
Speaker 2: he's staying mobile, feeling confident in the old body, enjoying

1524
01:09:53,120 --> 01:09:55,120
Speaker 2: the little things like walking the dog or getting back

1525
01:09:55,160 --> 01:09:57,080
Speaker 2: to the hobbies you love, which is where Lister's Oil

1526
01:09:57,160 --> 01:09:59,479
Speaker 2: can help. So what we've got here with Listers Oil

1527
01:09:59,560 --> 01:10:01,840
Speaker 2: high qual to you a Mega three supplement, got your

1528
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Speaker 2: added coq ting, got your vitamin D three and your

1529
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Speaker 2: other key nutrients, so they're all formulated to help support

1530
01:10:07,240 --> 01:10:09,160
Speaker 2: the heart, the brain, the joint and the overall health

1531
01:10:09,200 --> 01:10:12,519
Speaker 2: and well being. Ellen, he's a fan like me. I

1532
01:10:12,640 --> 01:10:14,679
Speaker 2: love Lister's Oil. I've been taking it for the past

1533
01:10:14,720 --> 01:10:17,360
Speaker 2: five years. Makes me feel positive within myself, keeps me going.

1534
01:10:17,400 --> 01:10:19,840
Speaker 2: I strongly recommend him so you can join Ellen and

1535
01:10:19,960 --> 01:10:22,880
Speaker 2: all the others who include Lester Soil and the daily

1536
01:10:23,000 --> 01:10:25,640
Speaker 2: routine about health I eight hundred triple nine three oh

1537
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1538
01:10:28,800 --> 01:10:31,280
Speaker 2: Take only as directed, of course, when you order a

1539
01:10:31,280 --> 01:10:33,000
Speaker 2: three month supply, by the way, you'll receive a free

1540
01:10:33,040 --> 01:10:35,680
Speaker 2: bar of the delicious Capitie dark chocolate. All you're doing

1541
01:10:35,800 --> 01:10:37,439
Speaker 2: is using the code Breakfast. Got to use the code

1542
01:10:37,439 --> 01:10:39,640
Speaker 2: Breakfast online if you want all the details about all

1543
01:10:39,680 --> 01:10:41,720
Speaker 2: their products and the company itself, about health dot co

1544
01:10:41,800 --> 01:10:44,439
Speaker 2: dot nz. But the magic numbers O eight hundred triple

1545
01:10:44,520 --> 01:10:48,759
Speaker 2: nine three oh nine for your fantastic Lester's Oil. Asking

1546
01:10:49,000 --> 01:10:51,160
Speaker 2: Mike what sort of guitar was she playing, Lindsey, I

1547
01:10:52,080 --> 01:10:56,920
Speaker 2: want to say a Martin, but I wasn't paying enough attention.

1548
01:10:57,000 --> 01:10:59,040
Speaker 2: It wasn't a Gibson because I do. I always look.

1549
01:10:59,080 --> 01:11:01,200
Speaker 2: I bore them witless everyone who brings a guitar, and

1550
01:11:01,320 --> 01:11:05,280
Speaker 2: I'm fascinated by guitars, and I'm fact funny enough. I

1551
01:11:05,320 --> 01:11:08,080
Speaker 2: went to a house the other day and they had

1552
01:11:08,120 --> 01:11:11,040
Speaker 2: a collection of guitars, old guitars, like a lot of them,

1553
01:11:11,640 --> 01:11:13,240
Speaker 2: and I sort of spent more time looking at the

1554
01:11:13,280 --> 01:11:15,880
Speaker 2: guitars than I did the house itself, because the house

1555
01:11:15,960 --> 01:11:18,200
Speaker 2: was potentially for sale. Mike has come with the guitars

1556
01:11:18,320 --> 01:11:20,320
Speaker 2: or no where you see a lot of stuff can

1557
01:11:20,360 --> 01:11:20,840
Speaker 2: come with the house.

1558
01:11:20,880 --> 01:11:21,879
Speaker 15: It's all up for negotiation.

1559
01:11:22,000 --> 01:11:24,559
Speaker 2: Isn't it all up for negotiation? That's exactly right. How

1560
01:11:24,640 --> 01:11:27,280
Speaker 2: hard would it be for Nicola to give big incentives

1561
01:11:27,320 --> 01:11:29,559
Speaker 2: for ld to come and work with the warehouse? Who

1562
01:11:29,560 --> 01:11:32,240
Speaker 2: went to the grocery market? The question? It's not a

1563
01:11:32,280 --> 01:11:35,880
Speaker 2: bad question, Michelle in the sense that I don't know

1564
01:11:35,960 --> 01:11:37,720
Speaker 2: what else she can do. I'm Nikola and I are

1565
01:11:37,760 --> 01:11:40,480
Speaker 2: butting heads a little bit about her fascination with the supermarkets.

1566
01:11:40,520 --> 01:11:42,920
Speaker 2: I don't believe there's the scandal. She thinks there is

1567
01:11:43,600 --> 01:11:46,360
Speaker 2: the Commerce Commission. Broadly thinking speaking, I think her on

1568
01:11:46,479 --> 01:11:48,960
Speaker 2: her site, but she hasn't pulled any sort of trigger.

1569
01:11:49,000 --> 01:11:52,280
Speaker 2: What she has done so far is deregulate a bunch

1570
01:11:52,320 --> 01:11:54,599
Speaker 2: of stuff, or at least promise to deregulate a bunch

1571
01:11:54,640 --> 01:11:57,080
Speaker 2: of stuff. So if Eldie wants to come to the

1572
01:11:57,120 --> 01:11:59,400
Speaker 2: country and they want to buy bunches of land and

1573
01:11:59,439 --> 01:12:02,760
Speaker 2: they want to build bunches of shops, they can go

1574
01:12:02,920 --> 01:12:05,000
Speaker 2: to what I understand to be sort of a clearing house,

1575
01:12:05,040 --> 01:12:07,320
Speaker 2: a government clearing house, and they'll take all those boxes

1576
01:12:07,320 --> 01:12:09,400
Speaker 2: at once. You go, hello, I'm from Aldi. I want

1577
01:12:09,439 --> 01:12:10,880
Speaker 2: to do a whole bunch of stuff around the country

1578
01:12:10,920 --> 01:12:13,640
Speaker 2: and be a big supermarket competitor. They'll go, welcome to

1579
01:12:13,720 --> 01:12:16,760
Speaker 2: New Zealand. Here's the paperwork. It's already filled out. Just

1580
01:12:16,880 --> 01:12:19,599
Speaker 2: sign here, and all the regulations and stuff have been

1581
01:12:19,640 --> 01:12:21,360
Speaker 2: taken care of so share. It's not like she hasn't

1582
01:12:21,400 --> 01:12:24,240
Speaker 2: been trying to get people on board. But here's where

1583
01:12:24,400 --> 01:12:27,479
Speaker 2: we go back to the theory versus reality. It's not

1584
01:12:27,880 --> 01:12:31,200
Speaker 2: like the world hasn't seen New Zealand. You know this Ikea.

1585
01:12:31,520 --> 01:12:34,120
Speaker 2: I'm reading yesterday what was it called yesterday? In Ikea,

1586
01:12:34,120 --> 01:12:36,800
Speaker 2: they're bringing the bookshelf, the Billy Bob bookshelf, or whatever

1587
01:12:36,840 --> 01:12:38,439
Speaker 2: the hell that is. As you're supposed to know what

1588
01:12:38,520 --> 01:12:41,760
Speaker 2: that is. The point being ike has been coming to

1589
01:12:41,880 --> 01:12:46,160
Speaker 2: this country and has been given the most astonishing amount

1590
01:12:46,200 --> 01:12:50,000
Speaker 2: of media coverage for something that hasn't opened. They announced

1591
01:12:50,000 --> 01:12:53,200
Speaker 2: they were coming here first in nineteen twelve and the

1592
01:12:53,280 --> 01:12:55,240
Speaker 2: Herald were all over it and they've been running along

1593
01:12:55,280 --> 01:12:57,920
Speaker 2: with their atmosphere and clickbait warnings with the weather. They've

1594
01:12:57,920 --> 01:13:00,880
Speaker 2: been running stories on Ikea for every year since then

1595
01:13:01,439 --> 01:13:04,719
Speaker 2: and they're still not open. And here's the point, ELDI

1596
01:13:05,120 --> 01:13:07,439
Speaker 2: know New Zealand, they know where it is. They've got

1597
01:13:07,479 --> 01:13:09,439
Speaker 2: a map, they've had a look at it, they've gone.

1598
01:13:09,800 --> 01:13:11,840
Speaker 2: I wonder if there's a gap for us in the market.

1599
01:13:11,960 --> 01:13:14,280
Speaker 2: I wonder if we couldn't make an impression. I wonder

1600
01:13:14,360 --> 01:13:15,720
Speaker 2: if we, if we spent a bit of money, did

1601
01:13:15,760 --> 01:13:17,920
Speaker 2: a bit of marketing, whether we couldn't grab a bit

1602
01:13:17,960 --> 01:13:19,920
Speaker 2: of market share the same way. Do you reckon the

1603
01:13:20,000 --> 01:13:22,800
Speaker 2: warehouse has done that? I think they probably have. Do

1604
01:13:22,880 --> 01:13:25,439
Speaker 2: you think the warehouse have got some money the ability

1605
01:13:25,520 --> 01:13:27,840
Speaker 2: to scale up, the ability to have a brand in

1606
01:13:27,880 --> 01:13:31,400
Speaker 2: the marketplace that you understand already? Yes, yes, yes, and yes,

1607
01:13:31,840 --> 01:13:35,000
Speaker 2: so us answer me this, Why aren't therefore so scale supermarket?

1608
01:13:35,439 --> 01:13:40,080
Speaker 2: Could it possibly be that there just isn't enough room

1609
01:13:40,120 --> 01:13:41,880
Speaker 2: in the market to make the same way there isn't

1610
01:13:41,960 --> 01:13:43,800
Speaker 2: enough room in the market for two airlines. Where we

1611
01:13:43,960 --> 01:13:46,360
Speaker 2: like two airlines, yes, would we like three or four

1612
01:13:46,439 --> 01:13:47,200
Speaker 2: or five airlines?

1613
01:13:47,320 --> 01:13:47,479
Speaker 20: Yes?

1614
01:13:47,800 --> 01:13:49,760
Speaker 2: Are we going to get them? No, we're not. So

1615
01:13:50,240 --> 01:13:53,920
Speaker 2: theory intersecting with the wonderful world of reality snap By

1616
01:13:53,960 --> 01:13:55,880
Speaker 2: the way, are you into Snapchat? I'm not on any

1617
01:13:55,960 --> 01:13:57,760
Speaker 2: social media. I just that's why I find this thing

1618
01:13:57,840 --> 01:14:01,240
Speaker 2: so fascinating. Of all the text that's operating around the

1619
01:14:01,280 --> 01:14:04,320
Speaker 2: world at the moment, snap are a disaster. Their revenue

1620
01:14:04,360 --> 01:14:06,840
Speaker 2: is one point three billion, sales grew nine percent, so

1621
01:14:06,920 --> 01:14:10,240
Speaker 2: they're making money. No, so given that, why would they

1622
01:14:10,520 --> 01:14:12,000
Speaker 2: Are they ever going to make any money? How many

1623
01:14:12,080 --> 01:14:14,000
Speaker 2: users are there in the whole world for Snapchat? You

1624
01:14:14,040 --> 01:14:16,000
Speaker 2: know when people talk about snapyke saw them on Snapchat?

1625
01:14:16,040 --> 01:14:18,280
Speaker 2: How many people in the whole world are on Snapchat? Answer?

1626
01:14:18,600 --> 01:14:21,640
Speaker 2: Four hundred and sixty nine million, which means what's that

1627
01:14:21,720 --> 01:14:26,599
Speaker 2: as a percentage of the population? Five So ninety five

1628
01:14:26,680 --> 01:14:29,760
Speaker 2: percent of the world isn't on Snapchat. So next time

1629
01:14:29,800 --> 01:14:31,759
Speaker 2: you hear somebody going on the seal one on the Snapchat,

1630
01:14:31,800 --> 01:14:34,240
Speaker 2: no one's on Snapchat. Don't worry about it, just say no.

1631
01:14:34,280 --> 01:14:36,160
Speaker 2: One's on snapchat Mate, I've got the facts. I heard

1632
01:14:36,160 --> 01:14:39,840
Speaker 2: it on the Mike Hosking Breakfast Rod the Asylum deal.

1633
01:14:40,000 --> 01:14:44,000
Speaker 2: It's underway, one in and one out, the argument being

1634
01:14:44,120 --> 01:14:48,160
Speaker 2: that the Breads get the good one and the French

1635
01:14:48,320 --> 01:14:54,040
Speaker 2: get the bad one. What could possibly go wrong? Rod

1636
01:14:54,240 --> 01:14:54,919
Speaker 2: is next.

1637
01:15:01,040 --> 01:15:01,200
Speaker 5: For the.

1638
01:15:17,280 --> 01:15:20,680
Speaker 1: Breakfast show, Kiwi's trust to stay in the know the

1639
01:15:20,920 --> 01:15:25,320
Speaker 1: mic hosting Breakfast with Rainthrover leading by example news togs

1640
01:15:25,320 --> 01:15:25,560
Speaker 1: dead Be.

1641
01:15:25,880 --> 01:15:27,800
Speaker 2: You're one hundred percent correct around the prices we pay

1642
01:15:27,840 --> 01:15:30,280
Speaker 2: for groceries, fuel airlines. The biggest problem for kiwis is

1643
01:15:30,360 --> 01:15:32,679
Speaker 2: we still pay a higher price when of cheaper options available.

1644
01:15:32,760 --> 01:15:35,439
Speaker 2: Lazy or loyal, I don't know that's true. I mean,

1645
01:15:35,560 --> 01:15:38,040
Speaker 2: most people I think have a reasonable crack at a bargain,

1646
01:15:38,080 --> 01:15:40,760
Speaker 2: don't they. Recently, Mike, I wandered around the grocery section

1647
01:15:40,840 --> 01:15:43,640
Speaker 2: of the warehouse. I could only find one item that

1648
01:15:43,720 --> 01:15:46,560
Speaker 2: I buy that was cheaper than the supermarket, so that

1649
01:15:46,840 --> 01:15:51,040
Speaker 2: that probably proves my point. I mean, more doesn't mean

1650
01:15:51,240 --> 01:15:54,160
Speaker 2: a better deal all the time. And I think back

1651
01:15:54,200 --> 01:15:56,720
Speaker 2: to Nikola Willison a great example of how Costco were

1652
01:15:56,800 --> 01:15:59,000
Speaker 2: running butter at whatever dollars it was at the time,

1653
01:15:59,040 --> 01:16:00,920
Speaker 2: but it was a lost leader. They we're actually losing

1654
01:16:01,000 --> 01:16:03,320
Speaker 2: money and that happens in supermarkets all the time. So

1655
01:16:03,600 --> 01:16:05,519
Speaker 2: as much as we would like for stuff to happen,

1656
01:16:05,600 --> 01:16:07,639
Speaker 2: it doesn't always necessarily mean that it will.

1657
01:16:07,720 --> 01:16:13,120
Speaker 13: Twenty three to nine International correspondence with Insneye Insurance Peace

1658
01:16:13,160 --> 01:16:14,559
Speaker 13: of Mind for New Zealand Business.

1659
01:16:15,960 --> 01:16:18,360
Speaker 3: One little morning to you, Good morning to you, mate.

1660
01:16:18,560 --> 01:16:20,320
Speaker 2: Is someone at the border? Is someone at the border

1661
01:16:20,400 --> 01:16:22,760
Speaker 2: going Now? That's one in, so well, now where's the

1662
01:16:22,800 --> 01:16:24,560
Speaker 2: one going out? How's that working for you?

1663
01:16:25,800 --> 01:16:29,720
Speaker 3: That's gonna work? Tough dandy Mike. If you remember, the

1664
01:16:29,840 --> 01:16:33,040
Speaker 3: original plan to stop illegal migrants coming to the country

1665
01:16:33,200 --> 01:16:35,960
Speaker 3: was to smash the gangs and take kept saying we're

1666
01:16:36,000 --> 01:16:40,080
Speaker 3: going to smash the gangs. The gangs having been not

1667
01:16:40,360 --> 01:16:46,960
Speaker 3: smashed in any possible interpretation of the word, have continued

1668
01:16:47,040 --> 01:16:50,880
Speaker 3: and indeed twenty five thousand people have come over from

1669
01:16:51,000 --> 01:16:54,840
Speaker 3: Calais this year, which is the highest ever. So the

1670
01:16:55,000 --> 01:16:59,200
Speaker 3: new deal and this really betters belief it's a one

1671
01:16:59,280 --> 01:17:03,680
Speaker 3: even one hour deal with France. France will we will

1672
01:17:03,800 --> 01:17:07,000
Speaker 3: send an illegal asylum seeker back to fan back to

1673
01:17:07,080 --> 01:17:09,720
Speaker 3: France and they will send over someone who's filled in

1674
01:17:09,800 --> 01:17:13,040
Speaker 3: all their forms right and has a right to a here.

1675
01:17:14,800 --> 01:17:18,040
Speaker 3: I don't see how that reduces the number for a start.

1676
01:17:18,880 --> 01:17:21,840
Speaker 3: But the second thing is, as I said, twenty five

1677
01:17:22,000 --> 01:17:26,360
Speaker 3: thousand people come over, how many does the government think

1678
01:17:26,560 --> 01:17:29,200
Speaker 3: that they might be able to get sent to France?

1679
01:17:29,560 --> 01:17:34,760
Speaker 3: Fifty it's the answer to that, fifty. So whether it's

1680
01:17:34,760 --> 01:17:40,360
Speaker 3: active as a deterrent, you know, so an asylum seeker

1681
01:17:40,439 --> 01:17:43,439
Speaker 3: opening talible think, goodness me, I don't think I've got

1682
01:17:43,479 --> 01:17:45,439
Speaker 3: to go to Britain because I only stand a ninety

1683
01:17:45,520 --> 01:17:47,280
Speaker 3: nine point eight chance of getting in.

1684
01:17:48,600 --> 01:17:51,320
Speaker 2: And exactly you've got to remember that they did, of

1685
01:17:51,360 --> 01:17:54,320
Speaker 2: course fill out their paperwork, and all of their problems

1686
01:17:54,360 --> 01:17:56,679
Speaker 2: are honest and real, and they straight up and down citizens.

1687
01:17:56,720 --> 01:17:57,040
Speaker 17: I just.

1688
01:18:01,000 --> 01:18:02,960
Speaker 2: Was sitting in the room thinking about did none of

1689
01:18:03,040 --> 01:18:05,680
Speaker 2: them honestly think that this would turn out to be

1690
01:18:05,800 --> 01:18:07,439
Speaker 2: the laughing stock that it is.

1691
01:18:08,000 --> 01:18:11,839
Speaker 3: Well, you see, it hasn't been done to stop the gangs.

1692
01:18:11,880 --> 01:18:17,000
Speaker 3: It's been done performatively in order to show the British public.

1693
01:18:17,080 --> 01:18:19,840
Speaker 3: And there was an opinion poll of about immigration earlier

1694
01:18:19,880 --> 01:18:22,920
Speaker 3: this week which was very very hard lines for the

1695
01:18:22,960 --> 01:18:25,320
Speaker 3: first time for a number of years that they're doing

1696
01:18:25,520 --> 01:18:29,959
Speaker 3: something about immigration, but of course they're not. You know, furthermore,

1697
01:18:30,040 --> 01:18:32,120
Speaker 3: we're paying for it all. I think this is because

1698
01:18:32,560 --> 01:18:40,160
Speaker 3: Sakia has the negotiatory skills of a counter loop. He's

1699
01:18:40,200 --> 01:18:44,320
Speaker 3: faced with mackerel. So it's it is a laughing stock.

1700
01:18:47,000 --> 01:18:51,680
Speaker 3: I cannot possibly see how this could help you, But

1701
01:18:52,960 --> 01:18:57,040
Speaker 3: I suspect that there will be a great, great parades

1702
01:18:57,120 --> 01:18:59,360
Speaker 3: through the streets when the first guy is sent back

1703
01:18:59,400 --> 01:19:00,760
Speaker 3: to France. Look, we've done it.

1704
01:19:00,960 --> 01:19:01,120
Speaker 20: You know.

1705
01:19:03,760 --> 01:19:07,040
Speaker 2: China's new embassy. It's always angsty, isn't it. How many wires,

1706
01:19:07,120 --> 01:19:09,880
Speaker 2: how many cables, how many satellites, how much spying, all

1707
01:19:09,920 --> 01:19:11,639
Speaker 2: that sort of stuff. It's it's tuned a bit angsty.

1708
01:19:11,920 --> 01:19:15,680
Speaker 3: It's getting a bit nasty. Trump warned us formed to

1709
01:19:15,840 --> 01:19:19,799
Speaker 3: form the British government against letting China redevelop its embassy.

1710
01:19:19,840 --> 01:19:22,000
Speaker 3: And it's what it's building is a is a vast

1711
01:19:22,240 --> 01:19:27,040
Speaker 3: mega embassy in the middle of London. And and he

1712
01:19:27,200 --> 01:19:29,160
Speaker 3: warned it, and he said, don't don't don't let them

1713
01:19:29,240 --> 01:19:33,280
Speaker 3: do that. Don't let them do that. Janshao ping H

1714
01:19:34,600 --> 01:19:39,800
Speaker 3: a canvas. Starma for a long time persuaded persuade rather

1715
01:19:39,840 --> 01:19:42,439
Speaker 3: than persuaded. Starma that it was something which had to

1716
01:19:42,520 --> 01:19:45,200
Speaker 3: be done, that it was very important. Starma went along

1717
01:19:45,240 --> 01:19:47,920
Speaker 3: with it. Now we've seen the blueprints and there are

1718
01:19:48,080 --> 01:19:51,360
Speaker 3: vast aerias of it in the basement which have been

1719
01:19:51,520 --> 01:19:56,800
Speaker 3: blocked out in gray, redacted for security reasons. I mean

1720
01:19:58,240 --> 01:20:01,200
Speaker 3: all this well, I sometimes believe we're living in a

1721
01:20:01,320 --> 01:20:07,320
Speaker 3: fiction like so and the raiment. A deputy PM has

1722
01:20:07,400 --> 01:20:10,880
Speaker 3: stepped in and to pass the Chinese very politely, why

1723
01:20:10,920 --> 01:20:12,720
Speaker 3: all these airs blocked off?

1724
01:20:13,479 --> 01:20:14,200
Speaker 21: But what do you do?

1725
01:20:14,360 --> 01:20:17,720
Speaker 3: We give them and Soham and I don't know how

1726
01:20:17,800 --> 01:20:19,960
Speaker 3: this will resolve itself made I've been.

1727
01:20:19,960 --> 01:20:22,200
Speaker 2: Looking just while I've got you here. Forty one point

1728
01:20:22,240 --> 01:20:25,400
Speaker 2: two billion is the National Institute of Economic Research. They

1729
01:20:25,439 --> 01:20:27,599
Speaker 2: were giving us numbers yesterday. I was reading about these numbers.

1730
01:20:27,600 --> 01:20:29,240
Speaker 2: So the government is short. So this is all back

1731
01:20:29,240 --> 01:20:32,360
Speaker 2: to the text rise and text rises. Given the state

1732
01:20:33,120 --> 01:20:36,080
Speaker 2: that the government's books are in, and given how little

1733
01:20:36,160 --> 01:20:39,519
Speaker 2: time they've been in government, how is it possible they

1734
01:20:39,600 --> 01:20:43,040
Speaker 2: promise not to increase texas when they're clearly, clearly clearly

1735
01:20:43,240 --> 01:20:44,519
Speaker 2: going to increase taxes.

1736
01:20:44,760 --> 01:20:48,040
Speaker 3: Well, of course it will come down to nomenclature and

1737
01:20:48,120 --> 01:20:50,559
Speaker 3: whether a tax is a tax or some of them

1738
01:20:50,680 --> 01:20:55,000
Speaker 3: kind of tariff, but of course they're going to increase taxes.

1739
01:20:55,920 --> 01:20:57,880
Speaker 3: I hope you wouldn't bring this subject up because it

1740
01:20:58,000 --> 01:21:01,000
Speaker 3: just sends me into a spiral of depression and gloom mote.

1741
01:21:02,680 --> 01:21:07,160
Speaker 3: It gets worse and worse by the month, and there's

1742
01:21:07,320 --> 01:21:11,160
Speaker 3: no sign of economic growth because of course Reeves a

1743
01:21:11,320 --> 01:21:13,760
Speaker 3: chancellor shut that off as soon as you put up

1744
01:21:13,840 --> 01:21:17,360
Speaker 3: national insurance, so we can't even buy our way out

1745
01:21:17,400 --> 01:21:21,200
Speaker 3: of this. It's it's going to hit I think the

1746
01:21:21,280 --> 01:21:24,760
Speaker 3: middle classes particularly very very hard. Indeed, and given that

1747
01:21:24,840 --> 01:21:27,439
Speaker 3: the middle classes are now the principal source of folks

1748
01:21:27,720 --> 01:21:30,400
Speaker 3: for the Labor Party, it doesn't augur very well for

1749
01:21:30,560 --> 01:21:31,599
Speaker 3: twenty twenty nine.

1750
01:21:31,720 --> 01:21:33,720
Speaker 2: Right Rod talks, Sir, you have a good week in

1751
01:21:33,800 --> 01:21:35,479
Speaker 2: Rod Little and Britain. Just let me bring you up

1752
01:21:35,520 --> 01:21:36,800
Speaker 2: to speed. In fact, I'll do it in just a

1753
01:21:36,800 --> 01:21:39,040
Speaker 2: couple of moments, because the text rights in Britain are fascinating.

1754
01:21:39,080 --> 01:21:41,720
Speaker 2: But this guy Miller who wrote this report, and you've

1755
01:21:41,720 --> 01:21:45,320
Speaker 2: got to remember it, recommended a moderate in his report,

1756
01:21:45,360 --> 01:21:48,920
Speaker 2: a moderate but sustained increase in taxes. Now, when she

1757
01:21:49,040 --> 01:21:51,840
Speaker 2: became chancellor, Reeve set out two rules for government borrowing.

1758
01:21:52,160 --> 01:21:55,080
Speaker 2: Two rules. First rule, day to day spending would be

1759
01:21:55,160 --> 01:21:58,920
Speaker 2: paid for within revenue, so at forty one point two

1760
01:21:59,000 --> 01:22:03,240
Speaker 2: billion hasn't quite worked. Borrowing can only be for investments.

1761
01:22:03,680 --> 01:22:06,080
Speaker 2: Second rule, debt must be falling as a share of

1762
01:22:06,160 --> 01:22:08,280
Speaker 2: national income by the end of a five year period.

1763
01:22:08,600 --> 01:22:11,519
Speaker 2: She's repeated this over and over again as being quote

1764
01:22:11,600 --> 01:22:16,280
Speaker 2: unquote non negotiable. Originally promised not to raise taxes further,

1765
01:22:16,320 --> 01:22:18,360
Speaker 2: but recently refused to rule it out, and now Millard

1766
01:22:18,400 --> 01:22:21,400
Speaker 2: says Reeves will need to either raise taxes or reduce

1767
01:22:21,439 --> 01:22:24,720
Speaker 2: spending or both in the October budget if she is

1768
01:22:24,800 --> 01:22:27,040
Speaker 2: to meet her fiscal rules. So if she put the

1769
01:22:27,080 --> 01:22:29,639
Speaker 2: taxes up to what more in a moment sixteen too.

1770
01:22:30,000 --> 01:22:35,160
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

1771
01:22:35,240 --> 01:22:36,240
Speaker 1: by News Talks that be.

1772
01:22:38,439 --> 01:22:41,400
Speaker 2: It is thirteen minutes away from nine. So Rachel Reeves

1773
01:22:41,479 --> 01:22:44,120
Speaker 2: is she's going to increase the taxes. They do have

1774
01:22:44,240 --> 01:22:46,519
Speaker 2: and I've always favored this personally, But they have what

1775
01:22:46,640 --> 01:22:48,960
Speaker 2: we don't have there, which is zero tax rate for

1776
01:22:49,280 --> 01:22:50,960
Speaker 2: the early earners. So in other words, up to twelve

1777
01:22:51,000 --> 01:22:53,200
Speaker 2: and a half pounds twelve seven hundred and fifty de

1778
01:22:53,240 --> 01:22:56,000
Speaker 2: bee precise, there's no tax paid, and will you pay

1779
01:22:56,120 --> 01:22:58,960
Speaker 2: tax on your very first dollar, which our youngest I mean,

1780
01:22:59,000 --> 01:23:01,360
Speaker 2: all that kids have gone through it. Obviously, it's amazing

1781
01:23:01,439 --> 01:23:03,640
Speaker 2: to have kids who then go out noon for the

1782
01:23:03,720 --> 01:23:06,200
Speaker 2: first time and they're just astonished that all the money

1783
01:23:06,240 --> 01:23:08,280
Speaker 2: that they've just earned and worked hard for suddenly go

1784
01:23:08,400 --> 01:23:10,800
Speaker 2: somewhere else, And they ask you the question in the

1785
01:23:10,880 --> 01:23:15,120
Speaker 2: most innocent possible way, where's it gone? And why is

1786
01:23:15,160 --> 01:23:17,360
Speaker 2: there so much being taken off me? And you mean

1787
01:23:17,400 --> 01:23:19,680
Speaker 2: I have to pay off the student exactly right. It's

1788
01:23:19,720 --> 01:23:22,600
Speaker 2: amazing to deal with anyway. So they've got zero up

1789
01:23:22,640 --> 01:23:24,960
Speaker 2: to twelve seven hundred and fifty. Then you go to

1790
01:23:25,040 --> 01:23:28,320
Speaker 2: twenty percent of YEO between twelve seven and fifty thousand dollars,

1791
01:23:29,120 --> 01:23:32,439
Speaker 2: so that might be I mean, it might be a

1792
01:23:32,439 --> 01:23:34,439
Speaker 2: little bit better than us between fifty though and one

1793
01:23:34,520 --> 01:23:37,200
Speaker 2: hundred and twenty five year at forty so immediately you're

1794
01:23:37,240 --> 01:23:39,519
Speaker 2: well beyond our very highest. We've got thirty nine at

1795
01:23:39,520 --> 01:23:41,880
Speaker 2: one eighty, of course, and thirty three at whatever it

1796
01:23:41,960 --> 01:23:43,840
Speaker 2: is up to you from seventy or eighty or whatever

1797
01:23:43,880 --> 01:23:45,640
Speaker 2: it is now to a one eighty and at one

1798
01:23:45,720 --> 01:23:48,479
Speaker 2: twenty five and above you're paying forty five p So

1799
01:23:48,600 --> 01:23:50,960
Speaker 2: the high income earner for example, in Britain on one

1800
01:23:51,000 --> 01:23:52,920
Speaker 2: twenty five and above is paying forty five plus. Of

1801
01:23:52,960 --> 01:23:55,439
Speaker 2: course you got VAT at twenty percent, so you're paying

1802
01:23:55,640 --> 01:24:00,400
Speaker 2: sixty five percent of everything you earn back to Rachel Reeves.

1803
01:24:00,720 --> 01:24:05,400
Speaker 2: And she's got the temerity to come to you and say, gout,

1804
01:24:05,439 --> 01:24:08,519
Speaker 2: I have some moll please. Speaking of which, this came

1805
01:24:08,600 --> 01:24:10,599
Speaker 2: out of Fox. And this is why Trump's in trouble.

1806
01:24:11,280 --> 01:24:14,560
Speaker 2: Mark Zandi, chief economist at Moody's. The economy is on

1807
01:24:14,600 --> 01:24:17,479
Speaker 2: the precipice us. The economy is on the precipice of recession.

1808
01:24:18,200 --> 01:24:21,960
Speaker 2: Consumer spending's flat line, construction of manufacturing and contracting, employment

1809
01:24:22,000 --> 01:24:24,360
Speaker 2: is set to fall, and with inflation on the rise,

1810
01:24:24,439 --> 01:24:26,160
Speaker 2: it is tough for the Fed to come to the rescue.

1811
01:24:26,240 --> 01:24:30,400
Speaker 2: They've got, in a way what we've got, which is

1812
01:24:30,439 --> 01:24:32,400
Speaker 2: all of the problems, and the Fed can't help them,

1813
01:24:33,040 --> 01:24:34,960
Speaker 2: and so they haven't cut yet so they can cut.

1814
01:24:35,120 --> 01:24:36,479
Speaker 2: So I don't know how they're going to handle it.

1815
01:24:36,560 --> 01:24:38,920
Speaker 2: The defining promise another This is another piece of commentary

1816
01:24:38,960 --> 01:24:41,080
Speaker 2: this morning. The defining promise of Donald Trump's twenty four

1817
01:24:41,120 --> 01:24:44,240
Speaker 2: campaign was lower costs. On day one, he broke it.

1818
01:24:44,600 --> 01:24:47,679
Speaker 2: The first six months ever, higher prices. Republicans in Congress

1819
01:24:47,800 --> 01:24:50,160
Speaker 2: would be wise to remember that voters are never quicker

1820
01:24:50,200 --> 01:24:53,559
Speaker 2: to fire elected officials than when they break a core promise.

1821
01:24:53,800 --> 01:24:55,800
Speaker 2: And it is this Congress who will be on the

1822
01:24:55,840 --> 01:24:59,360
Speaker 2: ballot next year, not Donald Trump. Good point. The campaign

1823
01:24:59,439 --> 01:25:02,400
Speaker 2: trail promise sounded too good to be true because basically

1824
01:25:03,160 --> 01:25:05,320
Speaker 2: they were ten away from nine.

1825
01:25:06,560 --> 01:25:10,760
Speaker 1: The Mike Hosking Breakfast with a Vida Retirement. Communities News

1826
01:25:10,800 --> 01:25:11,760
Speaker 1: togs had been just.

1827
01:25:11,760 --> 01:25:13,320
Speaker 2: Reading another text. I won't put it on here, but

1828
01:25:13,360 --> 01:25:15,639
Speaker 2: it's about the obsupermarket suppliers in the March and stuff

1829
01:25:15,680 --> 01:25:17,519
Speaker 2: like that. But it suddenly triggered my memory. I got

1830
01:25:17,520 --> 01:25:20,160
Speaker 2: a very good letter yesterday from somebody who they didn't

1831
01:25:20,160 --> 01:25:22,800
Speaker 2: identify themselves as being in, but they were clearly in

1832
01:25:22,840 --> 01:25:26,960
Speaker 2: the wine industry when we talked about it yesterday. Grapes

1833
01:25:27,040 --> 01:25:32,120
Speaker 2: left on the vine, international marketing, alcohol interest falling internationally,

1834
01:25:32,120 --> 01:25:33,840
Speaker 2: all that stuff. Anyway, they made a point and I

1835
01:25:33,880 --> 01:25:36,120
Speaker 2: thought it was not a bad one. Single desks so

1836
01:25:36,520 --> 01:25:38,560
Speaker 2: Kiwi fruit Fonterra that sort of thing. We sort of

1837
01:25:38,600 --> 01:25:41,000
Speaker 2: got a single desk operation in this country where we

1838
01:25:41,120 --> 01:25:42,720
Speaker 2: take what we produce and we go out to the

1839
01:25:42,760 --> 01:25:44,880
Speaker 2: world in a singular voice and go here we are

1840
01:25:45,320 --> 01:25:47,600
Speaker 2: New Zealand Inc. And the point was made that the

1841
01:25:47,680 --> 01:25:49,760
Speaker 2: wine industry doesn't do that. There was a thing called

1842
01:25:49,840 --> 01:25:52,639
Speaker 2: Family of twelve. I'm assuming they still exist, but twelve

1843
01:25:52,840 --> 01:25:56,400
Speaker 2: really top end producers were part of what they call

1844
01:25:56,479 --> 01:25:58,200
Speaker 2: the Family of twelve and they were going to market

1845
01:25:58,280 --> 01:25:59,960
Speaker 2: themselves to the world. And this happened on an arm

1846
01:26:00,040 --> 01:26:02,600
Speaker 2: make them ten, fifteen years ago, whatever it was, and

1847
01:26:02,760 --> 01:26:04,200
Speaker 2: so they were going to go out with a sort

1848
01:26:04,200 --> 01:26:06,800
Speaker 2: of a singular voice and sell themselves to the world.

1849
01:26:06,800 --> 01:26:09,559
Speaker 2: But it wasn't a bad point because they were suggesting

1850
01:26:09,640 --> 01:26:13,120
Speaker 2: each and every producer who sends their wine overseas is

1851
01:26:13,200 --> 01:26:16,960
Speaker 2: basically their own marketing department, as opposed to having something

1852
01:26:17,000 --> 01:26:20,080
Speaker 2: a little more cohesive than perhaps we do at the moment. Mike,

1853
01:26:20,120 --> 01:26:22,080
Speaker 2: you missed national insurance in the UK and another on

1854
01:26:22,120 --> 01:26:24,320
Speaker 2: avoidable tax. Yeah, there'll be lots of other bits and

1855
01:26:24,320 --> 01:26:27,080
Speaker 2: pieces as well. What I'm saying is they're an exceedingly

1856
01:26:27,800 --> 01:26:30,439
Speaker 2: highly taxed country and how she's going to sell even

1857
01:26:30,520 --> 01:26:33,760
Speaker 2: more taxes beyond me. Mike, the question we should talk

1858
01:26:33,760 --> 01:26:36,080
Speaker 2: about this more tomorrow because I don't think I only

1859
01:26:36,080 --> 01:26:38,479
Speaker 2: think anyone's realized how bad this is The question about

1860
01:26:38,520 --> 01:26:42,000
Speaker 2: students leaving with no qualifications needs to be how many

1861
01:26:42,040 --> 01:26:44,320
Speaker 2: of this group attended school regularly? Most likely have that

1862
01:26:44,520 --> 01:26:48,000
Speaker 2: that's true the quality of the curriculum and teachers. And

1863
01:26:48,000 --> 01:26:49,720
Speaker 2: I would have raised us with Nicola if I had time,

1864
01:26:49,760 --> 01:26:51,560
Speaker 2: but I didn't. But your point is very good. The

1865
01:26:51,680 --> 01:26:55,680
Speaker 2: quality curriculum, teachers, etc. Will make no difference if the

1866
01:26:55,760 --> 01:26:58,360
Speaker 2: kids are not at school. Attendance is so bad in

1867
01:26:58,439 --> 01:27:00,400
Speaker 2: this country the numbers leaving with no qualify ocasion is

1868
01:27:00,439 --> 01:27:03,920
Speaker 2: going to get much worse. I fear you are right.

1869
01:27:04,040 --> 01:27:06,080
Speaker 2: And what I would have raised with and Nicola, And

1870
01:27:06,120 --> 01:27:08,160
Speaker 2: this is what it's worth talking about it more tomorrow.

1871
01:27:09,040 --> 01:27:11,439
Speaker 2: Is this whole new Erica Stanford, I'm saving the world.

1872
01:27:11,640 --> 01:27:15,040
Speaker 2: Curriculum thing is fine for people who are one at

1873
01:27:15,120 --> 01:27:18,240
Speaker 2: school and two engaged in school. So if you're going

1874
01:27:18,320 --> 01:27:21,120
Speaker 2: to get a B instead of a merit or whatever

1875
01:27:21,160 --> 01:27:23,320
Speaker 2: the hell it is, that's fine, but you've got to

1876
01:27:23,360 --> 01:27:25,920
Speaker 2: be engaged at that level. If you're leaving school with

1877
01:27:26,040 --> 01:27:29,920
Speaker 2: no qualifications whatsoever, you're not engaged, and suddenly having a

1878
01:27:29,960 --> 01:27:32,840
Speaker 2: compulsory English and a compulsory maths and some science, none

1879
01:27:32,880 --> 01:27:35,599
Speaker 2: of that's going to change your life. Something more profound

1880
01:27:35,720 --> 01:27:38,480
Speaker 2: has to happen than that, because when you've got sixteen

1881
01:27:38,600 --> 01:27:43,760
Speaker 2: percent of kids leaving with literally nothing into an economy

1882
01:27:44,280 --> 01:27:47,320
Speaker 2: that has literally nothing to offer them, how do you

1883
01:27:47,360 --> 01:27:50,000
Speaker 2: think that's going to end? Other than non welfare? Five

1884
01:27:50,080 --> 01:27:50,559
Speaker 2: to nine.

1885
01:27:50,960 --> 01:27:56,160
Speaker 1: Trending now with chemist ware House, great savings every day.

1886
01:27:58,680 --> 01:27:59,439
Speaker 2: Play it, Glenn.

1887
01:28:00,160 --> 01:28:07,439
Speaker 14: I've had to figure away to survive since you said

1888
01:28:08,280 --> 01:28:12,280
Speaker 14: it's over, told me good by.

1889
01:28:13,560 --> 01:28:14,200
Speaker 2: Happy days.

1890
01:28:15,320 --> 01:28:16,599
Speaker 6: I just care.

1891
01:28:17,000 --> 01:28:18,880
Speaker 2: Maybe I got a whole bunch of stuff to tell you,

1892
01:28:19,000 --> 01:28:20,880
Speaker 2: but do you need to hear it? She's an icon

1893
01:28:20,920 --> 01:28:22,639
Speaker 2: if you miss this as the Guinness Book of Records

1894
01:28:24,080 --> 01:28:28,519
Speaker 2: Icon status because she holds eleven records eleven most consecutive

1895
01:28:28,600 --> 01:28:30,880
Speaker 2: decades with the top ten album on the Billboard Country Chart,

1896
01:28:30,960 --> 01:28:34,960
Speaker 2: seven decades with rock Star, longest spand of number one

1897
01:28:35,000 --> 01:28:37,599
Speaker 2: hits in the US Top Country Oldam's Chart, forty six years,

1898
01:28:37,640 --> 01:28:40,960
Speaker 2: one hundred ninety six days, forty six years, one hundred

1899
01:28:41,000 --> 01:28:46,040
Speaker 2: and ninety seven days, most decades on the top twenty

1900
01:28:46,800 --> 01:28:49,719
Speaker 2: on the Country charts with Please Please Please seven decades,

1901
01:28:50,160 --> 01:28:52,439
Speaker 2: seven decades. How's that possible?

1902
01:28:52,920 --> 01:28:53,680
Speaker 6: And idle.

1903
01:28:54,560 --> 01:28:58,040
Speaker 2: First country singer to be nominated for the Egos is

1904
01:28:58,160 --> 01:29:06,280
Speaker 2: Green and Us. She joins the likes of Elton John

1905
01:29:07,280 --> 01:29:11,320
Speaker 2: and Paul McCartney and into lower Taylor Swift. How she

1906
01:29:11,439 --> 01:29:13,719
Speaker 2: got there so quickly, I don't know. I mean, Taylor

1907
01:29:13,720 --> 01:29:18,840
Speaker 2: Swift hasn't been around for seventy years. She went Instagram

1908
01:29:18,960 --> 01:29:23,040
Speaker 2: official the other day because she was on holiday and

1909
01:29:23,040 --> 01:29:26,800
Speaker 2: has been on the off season with Travis. And they

1910
01:29:26,920 --> 01:29:29,200
Speaker 2: never post about themselves. Other people post for them and

1911
01:29:29,200 --> 01:29:32,000
Speaker 2: it's all tabloid stuff. But they posted about themselves for

1912
01:29:32,080 --> 01:29:34,400
Speaker 2: the first time, and Katie was reading me to reaction

1913
01:29:34,560 --> 01:29:36,479
Speaker 2: as we drove to the country last weekend and went,

1914
01:29:37,760 --> 01:29:39,640
Speaker 2: I can't remember what they said on Instagram, things like

1915
01:29:39,680 --> 01:29:43,599
Speaker 2: they always say like oh my god, or I've been

1916
01:29:43,720 --> 01:29:46,080
Speaker 2: here for this or I'm dying for this or whatever

1917
01:29:46,160 --> 01:29:48,200
Speaker 2: the other rubbish they do on Instagram. But as I

1918
01:29:48,320 --> 01:29:50,479
Speaker 2: told you, really was no non Instagram's didn't really matter.

1919
01:29:51,680 --> 01:29:53,840
Speaker 2: And this is probably her greatest song and I don't

1920
01:29:53,880 --> 01:29:56,760
Speaker 2: even know it was a big hit. But anyway, I

1921
01:29:56,840 --> 01:30:01,560
Speaker 2: wish you the very best of days. Indeed, Happy Day, Sweez.

1922
01:30:03,600 --> 01:30:03,920
Speaker 4: Blue.

1923
01:30:10,920 --> 01:30:13,800
Speaker 1: For more from The Mic Asking Breakfast, listen live to

1924
01:30:13,920 --> 01:30:17,000
Speaker 1: News Talks at b from six am weekdays, or follow

1925
01:30:17,040 --> 01:30:18,560
Speaker 1: the podcast on iHeartRadio.