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Speaker 1: Pressing the newsmakers to get the real story.

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Speaker 2: It's Heather duples Cy Ellen drive with One New Zealand

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Speaker 2: let's get connected you.

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Speaker 1: Storph said, b.

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Speaker 3: Hey, good afternoon, Welcome to the show coming up today

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Speaker 3: on the supermarket stats. We've got the grocery Commissioner on

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Speaker 3: what he can do, and we have the Minister on

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Speaker 3: what he can do. David Seymour has made his first

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Speaker 3: move in the ece red tape crackdown, so we're going

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Speaker 3: to speak to the Early Childhood Council and Matt Smith,

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Speaker 3: the actor, reckons that we're overdoing the trigger warnings on

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Speaker 3: the movies. One psychologist degree, so we'll have a chat

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Speaker 3: to him about that.

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Speaker 1: Heather Duplessy Allen, it's a very very big.

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Speaker 3: Call on the supermarket today. The grocery Commissioner has accused

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Speaker 3: them of ripping us off. Now a lot of people

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Speaker 3: will probably agree with that and we'll think, yeah, well,

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Speaker 3: what of it. He's right, But there is a difference

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Speaker 3: between you or I feeling ripped off when we're standing

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Speaker 3: in front of the olive oil and looking at a

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Speaker 3: price of thirty bucks, you feeling ripped off and turning

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Speaker 3: to the person next to you, and saying I'm getting

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Speaker 3: ripped off. As a completely different scenario, someone like the

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Speaker 3: grocery commissioner saying we're getting ripped off and saying it

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Speaker 3: on the radio. It's a very very big call for

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Speaker 3: someone like him to do that. He's got to have proof,

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Speaker 3: and he reckons he does. It's been two years since

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Speaker 3: the last government started cracking down on supermarkets, but instead

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Speaker 3: of things getting better in the last couple of years,

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Speaker 3: they're actually getting worse. The margins that supermarkets are making

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Speaker 3: of us are going up. They're not paying their suppli

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Speaker 3: as a hell of a lot more, but they are

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Speaker 3: certainly charging you and I a hall of a lot more.

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Speaker 3: That was not supposed to happen. That is the opposite

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Speaker 3: of what was supposed to happen. Just to say the

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Speaker 3: crackdown didn't work, now, that's not a surprise to anyone

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Speaker 3: with half a brain who was watching what the last

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Speaker 3: government did, because the minister was David Clark, Yes, David

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Speaker 3: who loves a mountain biker Clark. It was him, and

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Speaker 3: what he did to fix the grocery system was he

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Speaker 3: set up a grocery commissioner. He brought in a mandatory

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Speaker 3: code of conduct, he put compulsory unit pricing on groceries,

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Speaker 3: and he forced more transparent loyalty schemes. I mean both

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Speaker 3: thought that was going to make a difference. Isn't make

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Speaker 3: a rocket scientist to tell you that ain't gonna change nothing.

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Speaker 3: In fact, on this very show we said it ain't

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Speaker 3: gonna change nothing, it's not gonna work, and look, wow,

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Speaker 3: here we are. It didn't work.

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Speaker 4: Now.

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Speaker 3: Actually, I'm not pessimistic about the situation right because it

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Speaker 3: was clear that this like I'd baked this in what

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Speaker 3: I am thinking though, of all the things that David

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Speaker 3: the bike rider might have done, did or rather did

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Speaker 3: that might make a difference, he did set up the

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Speaker 3: grocery commissioner. And there's nothing like personal ambition and reputation

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Speaker 3: to motivate someone. And I get the feeling that Pier

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Speaker 3: van Heerden might realize that he actually does need to

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Speaker 3: get this right and sort this out for his own sake,

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Speaker 3: for his own reputation as the first guy to hold

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Speaker 3: the job. So I suspect that whatever comes next, whatever

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Speaker 3: he wants to do in order to fix the situation,

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Speaker 3: may in fact be more promising. And I am taking

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Speaker 3: heart from the strong language that he's used today saying

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Speaker 3: we are being ripped off. But as always time will.

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Speaker 1: Tell together duplus Ellen.

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Speaker 3: Ninetwen nine two is the text number. Standard text fees

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Speaker 3: apply and Peer van Heerden is with us himself. Half

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Speaker 3: to five o'clock now a young couple are fighting with

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Speaker 3: the police in court over two hundred and thirty thousand

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Speaker 3: dollars in cash that they found in the roof. So

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Speaker 3: what happened is they bought the house. Money was sealed

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Speaker 3: in plastic bags sometime before the couple moved in, and

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Speaker 3: as soon as they found it they handed it in.

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Speaker 3: Now the police say it's drug money and it should

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Speaker 3: be forfeited to the crown, but the couple think that

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Speaker 3: since they haven't they themselves haven't committed any crimes, they

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Speaker 3: should be allowed to keep it. Warren brook Banks is

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Speaker 3: a law professor at aut and with us. Now, hey, Warren, hi,

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Speaker 3: do you reckon? The cops have got a case.

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Speaker 5: Well, unfortunately for the couple, I rather suspect they have

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Speaker 5: because it goes to the It goes to a legislation

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Speaker 5: called the Proceeds of Crime Act and the Proceeds of

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Speaker 5: Crime Act. The whole purpose of it is to ensure

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Speaker 5: that where money's discovered which is strongly suspected of being

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Speaker 5: the proceeds of crime, there is for it to be confiscated.

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Speaker 3: So Warren, does it have to just be the suspicion

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Speaker 3: there doesn't have to be any proof.

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Speaker 5: Well, no, there has to be proof and the for

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Speaker 5: the for the Broceeds of Crime Act to actually function,

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Speaker 5: and this is where it becomes problematic. Normally it would

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Speaker 5: require somebody having been convicted of a serious offense that

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Speaker 5: the money is related to, and where they can establish

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Speaker 5: a particular offender having been convicted of an offense and

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Speaker 5: this money is associated with that offense, then the Act

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Speaker 5: gives the power to the police to confiscate it and

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Speaker 5: so that it becomes the owned.

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Speaker 4: By the state.

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Speaker 5: It certainly depends on the person having been convicted of

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Speaker 5: an offense or a person who is suspected of a

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Speaker 5: crime having absconded so that the branch can't brace them.

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Speaker 3: So the closest that the cops have come to any

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Speaker 3: kind of proof that maybe maybe there was some crime

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Speaker 3: going on is that the house was previously owned by

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Speaker 3: a family trust and one person who was a beneficiary

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Speaker 3: of the family trust who did have a conviction for

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Speaker 3: possession of cannabis five years ago, had known connections to

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Speaker 3: the mongrel mob. I would say that's pretty tenuous, wouldn't you.

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Speaker 5: I would think it's probably pretty tenuous, because I think

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Speaker 5: there would be necessary to establish that that person is

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Speaker 5: the person who is in the police's sights, is having

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Speaker 5: committed a serious crime that the money is related to.

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Speaker 5: But of course, I guess the difficulty is actually making

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Speaker 5: that connection between the person who's been nominated and the

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Speaker 5: commission of a particular offense that the money has been

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Speaker 5: derived from. So it's a difficult one because as a

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Speaker 5: general matter of law, where property is abandoned and there

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Speaker 5: is no prospect of finding the owner and the person's

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Speaker 5: made reasonable efforts to identify the owner, normally the property

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Speaker 5: would defer to that person and as the as the

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Speaker 5: lawful finder. And obviously that that would have been the case.

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Speaker 5: Hef if, for example, it had been something like a

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Speaker 5: gold brooch that had been in the house for a

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Speaker 5: long time there was no possibility of tracing the owner

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Speaker 5: in all like that, that would have evolved to the

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Speaker 5: to the new owners of the house as their property,

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Speaker 5: provided they'd made honest efforts to find out who the

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Speaker 5: original owner was. But this is in a different league

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Speaker 5: because of this is a significant sum of money which

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Speaker 5: is clearly up there for no good purpose and is

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Speaker 5: presumptively the product of serious criminal affair.

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Speaker 3: You're making an assumption there might have been an old

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Speaker 3: lady there who was like a conspiracy theorist and didn't

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Speaker 3: like banks.

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Speaker 5: Yeah, well, you're right, I mean, that's that's that's true.

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Speaker 5: That is a possibility. So in a case like this,

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Speaker 5: the crowding that the police are going to have to

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Speaker 5: work very hard to establish a link with a probable

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Speaker 5: offender who was involved in the in major crime, drug

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Speaker 5: dealing particularly, and that for that reason it's just for

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Speaker 5: a forfeiture order to be made in favor of the police.

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Speaker 5: But I can see why the copy wanted to continue.

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Speaker 3: Can't they just mount the argument the cops are being

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Speaker 3: dicks about it? I mean, because like these they're young people.

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Speaker 3: They found two hundred and thirty thousand dollars, they didn't

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Speaker 3: do anything wrong, finders keepers what a win for Why

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Speaker 3: don't the cops just let them hand?

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Speaker 5: Well, you're right, you're right, But I mean, we have

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Speaker 5: a system of law that depends on the law being

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Speaker 5: applied fairly improperly, and we have an act, the purpose

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Speaker 5: of which is to ensure that we're a money which

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Speaker 5: has been obtained through crime is forfeited. Yeah, and so

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Speaker 5: that's the policy issue, you know. And emotionally we feel

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Speaker 5: very sympathetic to the young couple, but unfortunately the law

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Speaker 5: doesn't reflect the same degree of sympathy because of the statute.

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Speaker 3: Warren, I appreciate your time. Thank you for talking us

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Speaker 3: through at Warren brook Banks aut law professor. What's the lesson?

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Speaker 3: If you find the cash, don't tell the cop. That's

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Speaker 3: the lesson in this I think this is going to

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Speaker 3: backfire on the mind. I think they should have just

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Speaker 3: let the young people have it. Anyway, got the Aussie

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Speaker 3: GDP numbers out today, which we were expecting, and it

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Speaker 3: has grown by the tiny amount that basically many of

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Speaker 3: the banks were forecasting zero point two percent in the

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Speaker 3: second quarter, and that comes after zero point one percent

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Speaker 3: in the first quarter. Now that doesn't look flash unless

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Speaker 3: you're from New Zealand, which case you're like, oh, that's

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Speaker 3: pretty good. A little bit of growth is a hell

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Speaker 3: of a lot better than three recessions and two years.

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Speaker 3: Am I right? And this is going to be. This

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Speaker 3: is what we were talking about with Paul Bloxon when

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Speaker 3: he was on the show yesterday just after half past

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Speaker 3: six in the evening. This is going to be. The

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Speaker 3: interesting thing that we are going to be able to

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Speaker 3: kind of monitor and observe in the next few years

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Speaker 3: is that our Reserve Bank has taken a completely different

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Speaker 3: approach to fighting inflation from the Australian Bank. Our bank

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Speaker 3: decided go hard, go fast, fs a recession, get on

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Speaker 3: top of that inflation right. The Australian Reserve Bank decided

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Speaker 3: the best thing was just to hold it as just

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Speaker 3: try and try and get on top of the inflation

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Speaker 3: without going into recession. And they're coming as close as

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Speaker 3: possible to not going into recession, but really walking that

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Speaker 3: line very very carefully. And it's in years to come

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Speaker 3: that we'll be able to tell which is the better approach.

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Speaker 3: I actually I actually don't know, and nobody actually knows.

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Speaker 3: So it's gonna be fascinating to watch sixteen past four.

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Speaker 2: Digging deeper into the day's headlines, it's hither Duper c

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Speaker 2: Allen Drive with one New Zealand one giant leap for business,

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Speaker 2: youth dogs at b Sport with tab get your bed

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Speaker 2: on R eighteen bed.

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Speaker 3: Responsibly hither A friend's mother had her funeral money under

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Speaker 3: the carpet and her wardrobe, but only told them a

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Speaker 3: few years later and a few homes later. So that's

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Speaker 3: going to be a nice fine for someone there. Ego,

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Speaker 3: it might have just been might have just been somebody

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Speaker 3: who'd married an anti vaxer and gone anti banks and

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Speaker 3: then headed up in the attic. And now we've resumed

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Speaker 3: it's the mongerl one.

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Speaker 6: I have to be an anti vaxer, not like Banks.

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Speaker 6: I mean, I'm a pro vaxer. I don't like Banks either.

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Speaker 3: I don't know. I just felt like that added to

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Speaker 3: the drama of theorry, didn't it.

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Speaker 6: Isn't it a good story?

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Speaker 3: It's a great Yeah. No one's dying, there's no one

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Speaker 3: to take my Unfortunately.

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Speaker 6: I have a strong moral compass, and I would go

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Speaker 6: to the police and take it to them. Possibly I'd

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Speaker 6: take a hundred dollars and go and get on the

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Speaker 6: lash beforehand. And so it's only a hundred bucks.

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Speaker 3: Oh my gosh, for God's say, can you just please

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Speaker 3: take a thousand there's two.

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Speaker 6: Okay, a thousand bucks. Then go to the casino. Maybe

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Speaker 6: take it all, bury it in a hole, sell the house,

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Speaker 6: disappear three years.

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Speaker 4: That's what I.

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Speaker 3: Now. What you do is you go to the casino

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Speaker 3: and you buy chips with it and then you launder it.

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Speaker 3: So now it's now it's casino winnings. Nobody can prove

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Speaker 3: it's not that right, So now it's yours legitimately.

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Speaker 6: But what if someone comes back to the house, who

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Speaker 6: you are? They go the X owner was bla, So

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Speaker 6: how to move move? A problem with being the criminals

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Speaker 6: is they're not smart enough to think of the repercussions.

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Speaker 6: So if you immediately did that and then I feel

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Speaker 6: like the.

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Speaker 3: Mungral mob are not smart enough to track you down

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Speaker 3: in Australia. So as long as you live in Australia, well,

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Speaker 3: I don't know. You've got two hundred and thirty thousand

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Speaker 3: dollars is a little incentive laundering? Sorry, explained something to me. Okay,

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Speaker 3: So the All Blacks and South Africa have basically confirmed

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Speaker 3: that they're going to do tours of each other's country

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Speaker 3: were alternating every four years, and it's going to be

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Speaker 3: signed shortly. Why is this a problem for the Rugby Championship?

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Speaker 6: Well, it depends on the frequency of games being played

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Speaker 6: and how it sits in the calendar. That's the biggest

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Speaker 6: issue world rugby've got. They've got so many different championships

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Speaker 6: and competitions that they've got a shoehorn into a limited

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Speaker 6: amount of time. So an inbound two and an outbound tool.

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Speaker 6: Where exactly does it fit? Does it become part of

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Speaker 6: the Rugby Championship? And those two games or three games

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Speaker 6: against South Africa two of them count, two of them, don't.

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Speaker 6: I don't think it's beyond control because I think most people,

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Speaker 6: especially people of my vintage and beyond who actually experienced tours,

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Speaker 6: we want something like that. It's too slick now, it's

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Speaker 6: too packaged up, turn up, wam bam, Thank you man.

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Speaker 6: If you go and leave, Yeah, there's something about the

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Speaker 6: anticipation and the momentum that you get out of a

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Speaker 6: tour that really it builds a wonderful narrative and I

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Speaker 6: think it's great for.

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Speaker 3: The problem also for the Rugby Championship that the other

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Speaker 3: two teams that we play against being Australia and Argentina

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Speaker 3: kind of or Argentina lesser, but Australia suck. So if

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Speaker 3: you're going to So you basically got the two best

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Speaker 3: teams of the Rugby Championship playing each other already. Why

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Speaker 3: a you're gonna watch the Rugby Championship.

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Speaker 6: What we need to have happen is a reconstruction of

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Speaker 6: the entire international program. And I don't know there's anything

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Speaker 6: wrong with going back to the days where tours are there.

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Speaker 6: It works on so many different levels. It works on

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Speaker 6: bringing the new players through understanding on a tour is

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Speaker 6: what it's like to be an all black. When the

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Speaker 6: South Africans come here, they go up and down the country,

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Speaker 6: up and down the whole Watsu, and they spread and

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Speaker 6: there's a lot of South Africans living over here, so

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Speaker 6: they get to go and watch a provincial and see

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Speaker 6: the guys play. I can't see a poor point around

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Speaker 6: the brilliant. Josh Confeld is going to join us so

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Speaker 6: later on the piece to talk about he was. He

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Speaker 6: was there back in ninety four when Otago beat the

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Speaker 6: Spring Blogs and of course he's over that last successful

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Speaker 6: too and ninety six as well.

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Speaker 3: Good stuff and also good we're getting rid of that

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Speaker 3: flavor saver looks tidy. Oh yeah, now you just look

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Speaker 3: Burt Reynolds. Yeah, you like that, Bert Reynolds, It's not bad, Mauz.

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Speaker 6: If you're listening, I'll put another photo on Insta for you.

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Speaker 6: Oh jeez, I think you mustn't talking us.

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Speaker 3: Muzz muzzle on the text machine. Hey, he's already, he's

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Speaker 3: already texting you. Thank you, Jussie appreciated for twenty three.

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Speaker 2: Heather Duplicy Ellen cutting through the noise to get the facts.

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Speaker 2: It's hither Duplicy Allen drive with one New Zealand. Let's

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Speaker 2: get connected and news talk as they'd be.

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Speaker 3: Hey, do you remember Reagun? Oh we're not done with

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Speaker 3: Reagun yet, are we. This is Raygun. I'm a kangaroo

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Speaker 3: the Breakdown? Soer do you remember that she's apology to

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Speaker 3: the breakdancing community. She's done an interview it's going to

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Speaker 3: air tonight on the project in Australia.

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Speaker 4: It is really.

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Speaker 7: Sad to.

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Speaker 8: Hear those criticisms and I am very sorry for, you know,

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Speaker 8: the backlash that the community has experienced. But I can't

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Speaker 8: control how people react.

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Speaker 3: Well, I mean, you could do a better performance, because

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Speaker 3: don't forget she got at this year's Paris Olympics.

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Speaker 1: Zero Do you genuinely think you are the best female

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Speaker 1: breaker in Australia.

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Speaker 8: Well, I think my record speaks to that.

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Speaker 9: Does.

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Speaker 3: What I love about Ray Gunner is she's not backing

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Speaker 3: down a she's owning it. She's owning it anyway, so

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Speaker 3: you can enjoy that later on when the full thing

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Speaker 3: comes out. As we all are, Hey, there's a cocktail

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Speaker 3: called the Honey Juice, which is vodka lemonade and raspberry

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Speaker 3: Liqueur plus little Melon Bulls Melon Mellen Bulls say it properly,

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Speaker 3: not like a kiwi. It is just taking off at

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Speaker 3: the moment. In the US. We're going to talk to

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Speaker 3: our US correspondent about it shortly here. The many years ago,

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Speaker 3: while renovating our house, my husband took down the pelmets

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Speaker 3: and he put them outside in a week later clap

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Speaker 3: them together as he put out in them out and

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Speaker 3: the trailer and out fell six hundred bucks and we

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Speaker 3: used it for renovations. See they might have just been

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Speaker 3: storing it up there for some reason. Headline's next.

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Speaker 1: Hard Questions Strong Opinion Heather due for see allan drive

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Speaker 1: with one New Zealand. Let's get connected and news talk

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Speaker 1: as it'd be right.

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Speaker 3: Logan Church out of the US is with us shortly

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Speaker 3: and Barry Soper on politics. In ten minutes now, David

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Speaker 3: Seymore was announced the first part of his red tape

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Speaker 3: cutting for early childhood centersm at around you through those

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Speaker 3: details shortly here that I know of a landlord who,

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Speaker 3: after his tenant went to jail for growing cannabis, moved

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Speaker 3: back into his commercial building. After two months, he remembered

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Speaker 3: that a wall which was there had not been there

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Speaker 3: two years earlier when he'd rented out the building. So

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Speaker 3: he ripped it out and he found a Porsche hidden

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Speaker 3: behind out. Turns out it was being hidden from a

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Speaker 3: finance company and so it had to be returned. It's

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Speaker 3: an unfortunately end to that story, but up until that

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Speaker 3: it was pretty got a twenty four away from five,

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Speaker 3: it's the.

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Speaker 1: World wires on News talks ed be drive.

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Speaker 3: Oldi's economy has grown by only zero point two percent

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Speaker 3: in the second quarter of this year. The country's total

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Speaker 3: GDP growth for the twenty three to twenty four financial

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Speaker 3: years the lowest annual figure since nineteen ninety one. And

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Speaker 3: here's the Aussie Treasurer Jim Charmers.

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Speaker 6: I've acknowledged I think I've been really upfront with people.

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Speaker 5: We understand people are doing it tough, and that's why

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Speaker 5: we're rolling out this substantial and meaningful and responsible cost

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Speaker 5: of living relief.

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Speaker 3: Vladimir Putin has made his first visit to a member

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Speaker 3: country of the International Criminal Court since the court put

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Speaker 3: the warrant out for his arrest last year. He's visited Mongolia,

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Speaker 3: and technically he should have been taken into custody by

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Speaker 3: local authorities as soon as he got off the plane,

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Speaker 3: but of course this didn't happen. A Eurasia Program policy

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Speaker 3: analyst says Putin was never in any danger.

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Speaker 9: Mongolia is a country with a tiny population sandwich between

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Speaker 9: Russia and China, entirely dependent on Russia for its oil imports,

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Speaker 9: and which also leads Russia to balance against China, which

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Speaker 9: a country bit of Mongolia fears. So I mean Mongolia

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Speaker 9: does like to arrest boost him as Guatemala or Costa

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Speaker 9: Rica would be to arrest by.

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Speaker 3: And finally, I've got a new TikTok trend for you.

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Speaker 3: And you know how I think these things are stupid,

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Speaker 3: so brace yourself for this one. Some users of TikTok

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Speaker 3: are trying to recreate the twenty eleven smartphone game Temple run,

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Speaker 3: but they're trying to do it in real life, so

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Speaker 3: that posting videos of themselves running through the ancient temple

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Speaker 3: anchor what in Cambodia, just like a character in the

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Speaker 3: game does. Cambodia's Prime Minister is stoked that his country

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Speaker 3: is getting free publicity. For some local historians are worried

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Speaker 3: that the TikTokers might break something and I'm hopefully, I'm

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Speaker 3: hoping that they might hurt themselves.

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Speaker 2: International Correspondence with Ends and Eye Insurance, Peace of mind

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Speaker 2: for New Zealand Business.

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Speaker 3: Logan Chair to US Correspondence with US.

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Speaker 1: Hey Logan, good evening.

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Speaker 3: Hey, so we've got the new semester starting in the

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Speaker 3: Gaza process are going on again, are they?

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Speaker 10: Well, you'll recall the heavy protesting earlier in the year,

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Speaker 10: which of course results in one of the campus buildings

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Speaker 10: been storms by protesters and occupied before arms police broken. Now, actually,

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Speaker 10: until a couple of weeks ago, I actually lived a

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Speaker 10: couple of blocks down from Columbia University, and there was

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Speaker 10: a time where every night we actually couldn't get to

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Speaker 10: sleep because of the police helicopters hovering over the upper

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Speaker 10: West side or the sirens from the cop cars going off.

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Speaker 10: But now there is of course a new semester sizing,

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Speaker 10: and we are seeing new protests the same cause, calling

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Speaker 10: for the university to divest from companies with links to Israel.

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Speaker 10: These protests have however, been somewhat smaller, and security is

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Speaker 10: so much time. For example, you used to be able

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Speaker 10: to just wander through the campus and have a look

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Speaker 10: around as a member of the public, but now you

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Speaker 10: have to show students ID or staff ID and there

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Speaker 10: is a very heavy police presence around the campus. There've

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Speaker 10: also been a couple of arrests, so a very different

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Speaker 10: stance to a semester than what someone might have expected

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Speaker 10: not too long ago.

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Speaker 3: What are the cops going to do? Are they going

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Speaker 3: to just maintain a presence but not actually crack down.

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Speaker 10: That is the plan that this stands. But as we're

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Speaker 10: seeing in the last couple of weeks, they're not afraid

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Speaker 10: to make arrest. They are going to try and avoid

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Speaker 10: the situation which we saw earlier in the year, which

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Speaker 10: were large numbers of students occupying not just the site

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Speaker 10: but also buildings as part of the Columbia University campus.

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Speaker 10: They're going to want to try and make sure that

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Speaker 10: the university business can continue and that the education there

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Speaker 10: can go on. But certainly a big increase in police

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Speaker 10: and security presence on that site, even compared to a

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Speaker 10: couple of months ago. It's been a very quick increase there.

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Speaker 3: What do we know about this Chinese spy who was

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Speaker 3: busted working for the New York governors.

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Speaker 10: Yeah, he but this is probably the most spectacular schedule

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Speaker 10: I have seen in this state. So, a former staffer

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Speaker 10: to the New York governor was arrested today for being

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Speaker 10: a Chinese communist spy. Now, according to the official court

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Speaker 10: documents that were released, Linderson was working for the Carrington

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Speaker 10: previous governor officers of New York while also working for

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Speaker 10: China and receiving luxury gifts. Now what luxury gifts, you

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Speaker 10: might ask, Well, that included a multimillion dollar home in

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Speaker 10: a glitzy Long Island suburb, a holiday home in Hawaii, ferrari,

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Speaker 10: a range, drove tickets to events, and even now this

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Speaker 10: is my favorite salted ducks prepared by a Chinese government

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Speaker 10: officials personal chef. This is all, of course, alleged in

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Speaker 10: court documents. Now, in return, she was accused of boosting

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Speaker 10: New York politicians relationships with China and also allegedly interfering

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Speaker 10: at attempts by the Taiwanese government to engage with the

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Speaker 10: New York Governor's office. Now she has pleaded not guilty today,

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Speaker 10: although it was fired in March last year, but of

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Speaker 10: course a big embarrassment for the New York Governor's office.

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Speaker 3: Now totally. Have you tried, by the way, this honey

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Speaker 3: juice that everybody's drinking.

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Speaker 10: Yes, well, that is, of course at the US Open.

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Speaker 10: And as you know, I've been at the US Open

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Speaker 10: a lot this past week, and oh boy, oh boy.

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Speaker 10: One thing of lads, our professional tennis in America is

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Speaker 10: that fans love to drink, and that cocktail, the honey Juice,

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Speaker 10: or in America the honey Deuce, has been increasing in popularity.

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Speaker 10: Now last year they sold more than four hundred and

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Speaker 10: sixty thousand of these cocktails at the US Open, and

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Speaker 10: they're expecting to sell more this year. All for the price.

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Speaker 10: And I hope you're sitting down of thirty seven New

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Speaker 10: Zealand dollars for one cocktail now that includes vodka, lemonade,

437
00:21:45,680 --> 00:21:48,280
Speaker 10: rasby Liquia and three pieces of honey. Due mellon, Now

438
00:21:48,280 --> 00:21:52,080
Speaker 10: to your question, have I partaken in said cocktail. Well,

439
00:21:52,119 --> 00:21:54,920
Speaker 10: I confess I haven't tried it, but very much on purpose,

440
00:21:55,160 --> 00:21:56,959
Speaker 10: because if I did, I suspect no one at one

441
00:21:57,040 --> 00:22:00,520
Speaker 10: News will be guessing any tennis coverage from me any time.

442
00:22:00,720 --> 00:22:04,000
Speaker 10: So given how much money they are making, it's surely

443
00:22:04,040 --> 00:22:05,159
Speaker 10: a half decent Logan.

444
00:22:05,280 --> 00:22:08,919
Speaker 3: Please please promise me that just one time, you'll, just

445
00:22:09,320 --> 00:22:11,159
Speaker 3: when you're finished with you work, you will go and

446
00:22:11,200 --> 00:22:12,679
Speaker 3: have one of these things and then tell us how

447
00:22:12,720 --> 00:22:14,320
Speaker 3: awesome it is, or otherwise.

448
00:22:14,760 --> 00:22:16,240
Speaker 10: I'll do it just for you. Hither I want to

449
00:22:16,240 --> 00:22:17,360
Speaker 10: tell anyone else at my work.

450
00:22:17,560 --> 00:22:19,320
Speaker 3: Thanks you, and I'll set up and give a little

451
00:22:19,320 --> 00:22:21,560
Speaker 3: page in the meat time to pay for it. Logan,

452
00:22:21,600 --> 00:22:24,919
Speaker 3: thanks very much, mate, Logan Church you is correspond Okay,

453
00:22:24,920 --> 00:22:27,560
Speaker 3: this is what has been Oh hold on it Zech,

454
00:22:27,680 --> 00:22:31,320
Speaker 3: excuse me, Heather. When my granddad died ten years ago,

455
00:22:31,400 --> 00:22:33,560
Speaker 3: we found rolls of fifty dollar notes all over the

456
00:22:33,560 --> 00:22:35,359
Speaker 3: place when we're getting the house and the farm ready

457
00:22:35,359 --> 00:22:37,040
Speaker 3: to sell. They were under the carpet, they were in

458
00:22:37,080 --> 00:22:38,879
Speaker 3: the old gum boots, they were in the wool shed,

459
00:22:38,920 --> 00:22:41,680
Speaker 3: all over the show. We found thousands, and I reckon

460
00:22:41,680 --> 00:22:43,600
Speaker 3: we didn't even find all of it. That's from jerum.

461
00:22:43,600 --> 00:22:45,639
Speaker 3: So there you go. Look, this is not I'm not

462
00:22:45,680 --> 00:22:48,359
Speaker 3: being mean to old people when I say this, but

463
00:22:48,560 --> 00:22:51,640
Speaker 3: sometimes towards the end of their lives they can get

464
00:22:51,680 --> 00:22:53,600
Speaker 3: a bit funny about the money and start to do

465
00:22:53,640 --> 00:22:55,879
Speaker 3: weird things with it, and so you can't the cops

466
00:22:55,920 --> 00:22:58,400
Speaker 3: cannot rule out. But it wasn't just an old person

467
00:22:58,440 --> 00:23:00,239
Speaker 3: who was stashing her cash up in the sea. That's

468
00:23:00,240 --> 00:23:02,080
Speaker 3: what I'm saying. I think a very strong defense in

469
00:23:02,119 --> 00:23:03,879
Speaker 3: court for that young couple. I would be going with that.

470
00:23:04,160 --> 00:23:07,360
Speaker 3: You're welcome anyway. So David Seymour, he's announced what he's

471
00:23:07,359 --> 00:23:09,440
Speaker 3: going to do with the early childhood centers. Right, two things.

472
00:23:09,520 --> 00:23:11,480
Speaker 3: This is the first tranch of his red tape cutting.

473
00:23:12,080 --> 00:23:14,760
Speaker 3: The first thing he's cutting is that at the moment,

474
00:23:15,240 --> 00:23:18,639
Speaker 3: early childhood centers can use a non certified teacher, but

475
00:23:18,720 --> 00:23:21,920
Speaker 3: only for up to eighty hours and only as long

476
00:23:21,960 --> 00:23:25,000
Speaker 3: as the ec center has first tried to find a

477
00:23:25,040 --> 00:23:28,199
Speaker 3: certified teacher. So they have to go through the whole

478
00:23:28,359 --> 00:23:31,240
Speaker 3: game of pretending that they're trying to find a certified

479
00:23:31,240 --> 00:23:32,960
Speaker 3: teacher when they know in some places they're never going

480
00:23:33,000 --> 00:23:34,359
Speaker 3: to be able to find one because it's a remote

481
00:23:34,400 --> 00:23:36,679
Speaker 3: area or whatever. It's just a pointless exercise. It wastes

482
00:23:36,720 --> 00:23:39,880
Speaker 3: their time. That rule's gone. From next month. Number two,

483
00:23:40,359 --> 00:23:43,920
Speaker 3: all relief teachers have to be paid pay parity salaries

484
00:23:43,960 --> 00:23:47,640
Speaker 3: at the same steps that the permanent teachers are paid. Now,

485
00:23:47,680 --> 00:23:51,000
Speaker 3: the problem with this is that it actually incentivizes teachers

486
00:23:51,040 --> 00:23:55,159
Speaker 3: therefore to be relievers and not permanent staff because the

487
00:23:55,200 --> 00:23:57,560
Speaker 3: EC centers need them desperately. Because I don't know if

488
00:23:57,560 --> 00:23:59,440
Speaker 3: you've been to an EC lately, but they're all running

489
00:23:59,440 --> 00:24:02,760
Speaker 3: relievers the whole time. And so because they need them,

490
00:24:03,000 --> 00:24:05,760
Speaker 3: the reliever's got the upper hand. They can charge the

491
00:24:05,800 --> 00:24:07,800
Speaker 3: top dollar and they do, which means that they are

492
00:24:07,800 --> 00:24:09,720
Speaker 3: incentivized to continue to be a reliever and not a

493
00:24:09,760 --> 00:24:13,560
Speaker 3: permanent staff member. And so that's changing. And from next

494
00:24:13,600 --> 00:24:15,879
Speaker 3: year the pay parody steps rule only applies to the

495
00:24:15,880 --> 00:24:18,680
Speaker 3: permanent stuff, which hopefully will mean relievers will go back

496
00:24:18,680 --> 00:24:21,359
Speaker 3: to being permanent stuff. We will talk to the ECE

497
00:24:21,720 --> 00:24:24,520
Speaker 3: Council or the Early Childhood Council after five o'clock ten

498
00:24:24,560 --> 00:24:27,399
Speaker 3: past five with thereabouts about it very sobers next sixteen

499
00:24:27,400 --> 00:24:27,919
Speaker 3: away from.

500
00:24:27,760 --> 00:24:32,000
Speaker 2: Five politics with centrics, credit, check your customers and get payments.

501
00:24:32,000 --> 00:24:34,359
Speaker 3: Certainty Barry Soper, Senior political correspondent with US.

502
00:24:34,359 --> 00:24:35,600
Speaker 7: Hello, Barry, good afternoon.

503
00:24:35,680 --> 00:24:37,959
Speaker 3: Okay, there's a Royal Morgan opinion poll out run us

504
00:24:37,960 --> 00:24:38,280
Speaker 3: through it.

505
00:24:38,560 --> 00:24:41,879
Speaker 11: Well, yes, the National Party, it's increased three and a

506
00:24:41,920 --> 00:24:44,920
Speaker 11: half percent. It's up to thirty six percent, nowhere near,

507
00:24:45,040 --> 00:24:48,080
Speaker 11: of course, the forty five percent that Simon Bridges commanded

508
00:24:48,480 --> 00:24:52,840
Speaker 11: all through his leadership and opposition. Nevertheless, there you have it.

509
00:24:54,040 --> 00:24:57,000
Speaker 11: Support for Act that dropped one and a half percent,

510
00:24:57,640 --> 00:25:00,359
Speaker 11: down to nine and a half percent. And you Zealand

511
00:25:00,400 --> 00:25:02,359
Speaker 11: first it was up just one percent to seven and

512
00:25:02,400 --> 00:25:05,040
Speaker 11: a half. Support for Labor that was down two and

513
00:25:05,080 --> 00:25:10,880
Speaker 11: a half percent. Essentially, what it says is that the government,

514
00:25:10,920 --> 00:25:14,480
Speaker 11: the coalition government that got the treasury benches at the moment,

515
00:25:14,800 --> 00:25:17,720
Speaker 11: they would comfortably go back. But the thing that interested

516
00:25:17,760 --> 00:25:23,280
Speaker 11: me is the gender gap between the support for the

517
00:25:23,320 --> 00:25:27,600
Speaker 11: coalition government and for the other side. Well, if you

518
00:25:27,640 --> 00:25:33,720
Speaker 11: look at the coalition support, sixty three percent more than

519
00:25:35,119 --> 00:25:37,200
Speaker 11: men are behind.

520
00:25:37,359 --> 00:25:40,679
Speaker 3: So it's predominantly males. Males like the coalition government and

521
00:25:40,760 --> 00:25:43,280
Speaker 3: females like the opposition. As that basically is.

522
00:25:43,280 --> 00:25:46,680
Speaker 11: Oh totally. In fact, I said sixty through sixty six

523
00:25:46,760 --> 00:25:51,880
Speaker 11: percent of men aged over fifty they support the coalition government.

524
00:25:52,440 --> 00:25:56,119
Speaker 11: And if you look at women of the same age, well,

525
00:25:56,440 --> 00:26:00,560
Speaker 11: they're supporting the other way. Under sixty percent they're supporting

526
00:26:00,560 --> 00:26:04,040
Speaker 11: the other way. What's the condition fifty seven fifty seven

527
00:26:04,040 --> 00:26:09,720
Speaker 11: point five. Yeah, so really there is a big gender gap.

528
00:26:09,760 --> 00:26:12,480
Speaker 11: But if you look at younger men that's under fifty

529
00:26:12,520 --> 00:26:17,800
Speaker 11: eighteen to forty nine, the edge for the governing coalition

530
00:26:18,680 --> 00:26:23,639
Speaker 11: is sixty one percent in support of and thirty percent

531
00:26:23,680 --> 00:26:26,159
Speaker 11: the other way, which is a gap of what thirty

532
00:26:26,160 --> 00:26:26,719
Speaker 11: one percent?

533
00:26:26,880 --> 00:26:31,440
Speaker 3: So you know how many women small and general government.

534
00:26:31,320 --> 00:26:35,600
Speaker 11: With women the stronger younger women eighteen to forty nine A,

535
00:26:35,680 --> 00:26:39,400
Speaker 11: they're on fifty seven point five percent supporting the coalition

536
00:26:40,640 --> 00:26:44,719
Speaker 11: as opposed to thirty nine point five supporting the coalition government.

537
00:26:44,840 --> 00:26:48,520
Speaker 11: So yeah, the gender gap runs all the way through

538
00:26:48,680 --> 00:26:52,640
Speaker 11: from the younger to the older. And I guess now

539
00:26:52,720 --> 00:26:57,760
Speaker 11: you'll you'll get the pundits looking at the National Party

540
00:26:57,800 --> 00:27:01,040
Speaker 11: and saying, how can we improve image for women?

541
00:27:01,320 --> 00:27:04,240
Speaker 3: Because yeah, and the thing is women are actually more

542
00:27:04,280 --> 00:27:08,080
Speaker 3: important arguably than men in terms of no no, no, no, listen,

543
00:27:08,080 --> 00:27:10,359
Speaker 3: hear me out on this, in terms of voting intentions

544
00:27:10,680 --> 00:27:13,399
Speaker 3: because often the women in the house influence what the

545
00:27:13,560 --> 00:27:16,119
Speaker 3: influences what everybody else does. This is a thing you

546
00:27:16,160 --> 00:27:17,440
Speaker 3: go and have a look at it. This is why

547
00:27:17,520 --> 00:27:20,679
Speaker 3: you'll see a lot of the campaigns will actively target

548
00:27:20,720 --> 00:27:22,920
Speaker 3: the female voter because she is an influencer.

549
00:27:23,240 --> 00:27:25,240
Speaker 11: So you reckon when it comes down to the vote

550
00:27:25,240 --> 00:27:27,600
Speaker 11: going into the ballot box, that things might change, that

551
00:27:27,640 --> 00:27:30,440
Speaker 11: these statistics won't be quite the same.

552
00:27:30,640 --> 00:27:33,600
Speaker 3: No, I I don't know. I don't know. But the

553
00:27:33,640 --> 00:27:35,520
Speaker 3: only way that I think that you can target the

554
00:27:35,520 --> 00:27:38,040
Speaker 3: female voter if you're the coalition government is by softening

555
00:27:38,119 --> 00:27:41,760
Speaker 3: up your policies and by becoming less hard and well

556
00:27:41,800 --> 00:27:44,280
Speaker 3: then if you do that, then you just become you

557
00:27:44,359 --> 00:27:47,639
Speaker 3: become another government that does nothing right. Yeah, because you're

558
00:27:47,680 --> 00:27:49,080
Speaker 3: not prepared to be bold about it. So I'm not

559
00:27:49,080 --> 00:27:52,120
Speaker 3: really sure that they can take that risk anyway. Grocery

560
00:27:52,119 --> 00:27:55,359
Speaker 3: Commissioner is not happy with the supermarkets. I get the

561
00:27:55,440 --> 00:27:57,919
Speaker 3: feeling that he may actually be lining up to do

562
00:27:58,000 --> 00:27:59,359
Speaker 3: something here based on the rehetoric.

563
00:27:59,640 --> 00:28:03,280
Speaker 11: Well, absolutely well, I don't know whether the Grocery Commissioner will,

564
00:28:03,280 --> 00:28:07,200
Speaker 11: but certainly the government looks set to do something. That

565
00:28:08,440 --> 00:28:11,960
Speaker 11: they found that all three major supermarket groups have increased

566
00:28:12,000 --> 00:28:15,720
Speaker 11: their margins over the past year, and that profitability has

567
00:28:15,760 --> 00:28:21,359
Speaker 11: either been maintained or increased. Now the suppliers, it's not

568
00:28:21,600 --> 00:28:24,960
Speaker 11: increasing money to the suppliers as much as the costs

569
00:28:25,000 --> 00:28:27,400
Speaker 11: on the consumer, and that's the big concern.

570
00:28:27,560 --> 00:28:27,760
Speaker 5: Now.

571
00:28:28,600 --> 00:28:32,280
Speaker 11: That was the first grocery report from the and I

572
00:28:32,320 --> 00:28:34,520
Speaker 11: know you're going to be talking to the Grocery Commissioner,

573
00:28:35,560 --> 00:28:40,440
Speaker 11: Peir van Herden. But Andrew Bailey, the Commerce Minister, he

574
00:28:40,560 --> 00:28:45,160
Speaker 11: says that essentially it's a concerning picture and it's a

575
00:28:45,200 --> 00:28:48,360
Speaker 11: twenty five billion dollar industry we're talking about here, and

576
00:28:48,480 --> 00:28:51,600
Speaker 11: most people, well everyone has a dealing with the supermarket

577
00:28:51,680 --> 00:28:55,680
Speaker 11: at some stage. And he said clearly there needs to

578
00:28:55,720 --> 00:29:02,000
Speaker 11: be stronger regulatory action coupled with an ambitious and an

579
00:29:02,000 --> 00:29:07,160
Speaker 11: economy wide meeting schedule with these groups. But look, this

580
00:29:07,240 --> 00:29:12,000
Speaker 11: comes at a time when the Commerce Commissioners looking at

581
00:29:12,320 --> 00:29:16,680
Speaker 11: the foodstuffs merging their North Island operation with their South

582
00:29:16,720 --> 00:29:21,640
Speaker 11: Island and the key to the merger will be competition. Well,

583
00:29:21,920 --> 00:29:24,040
Speaker 11: when you have a merger, you don't have competition. So

584
00:29:25,000 --> 00:29:28,680
Speaker 11: you know there's two I guess too many groceries in

585
00:29:28,720 --> 00:29:29,760
Speaker 11: the hands of too few.

586
00:29:30,040 --> 00:29:31,680
Speaker 3: Yeah, I can't see that they're going to wave that

587
00:29:31,680 --> 00:29:33,800
Speaker 3: one through. It doesn't look like it have very quickly.

588
00:29:33,840 --> 00:29:37,160
Speaker 3: Barry the fact that Christopher Luxon hasn't raised the canceled

589
00:29:37,200 --> 00:29:39,720
Speaker 3: fairy project while being in South Korea suggests the South

590
00:29:39,760 --> 00:29:40,880
Speaker 3: Koreans are annoyed with us.

591
00:29:42,800 --> 00:29:44,600
Speaker 1: Well, you know they are annoyed of course.

592
00:29:45,000 --> 00:29:49,719
Speaker 11: Hyonda the people that are carrying out well, we're carrying

593
00:29:49,720 --> 00:29:52,920
Speaker 11: out the contract was a big contract with New Zealand.

594
00:29:53,640 --> 00:29:58,160
Speaker 11: They are obviously very annoyed. And the Maritime Union here

595
00:29:58,240 --> 00:30:02,160
Speaker 11: says it's discussed and angry that he had no plans to

596
00:30:02,160 --> 00:30:05,160
Speaker 11: meet with this company whilst he was there. But his

597
00:30:05,320 --> 00:30:08,479
Speaker 11: fokespeople say, well, you know he's leading a trade mission

598
00:30:09,080 --> 00:30:13,360
Speaker 11: and as such the trade mission, you know, it doesn't

599
00:30:13,360 --> 00:30:15,680
Speaker 11: cover this sort of thing. And they are at Philly

600
00:30:16,040 --> 00:30:19,640
Speaker 11: critical stages, I would imagine in the negotiations on how

601
00:30:19,760 --> 00:30:22,160
Speaker 11: they haven't been told yet how they're going to pay

602
00:30:22,200 --> 00:30:23,360
Speaker 11: to get out of this contract.

603
00:30:23,400 --> 00:30:26,200
Speaker 3: Break fee. Yeah, good point, Barry, Thank you very much.

604
00:30:26,240 --> 00:30:29,520
Speaker 3: Barry Soper, Senior Political correspondence, coming up seven away from five.

605
00:30:30,480 --> 00:30:34,280
Speaker 2: Digging into the issues that affect you the Mic Hosking breakfast.

606
00:30:34,400 --> 00:30:38,200
Speaker 12: The Minister argues everybody submitted wanted it, did you submit it.

607
00:30:40,400 --> 00:30:43,560
Speaker 7: And did you ask for an Inquesse No at.

608
00:30:43,560 --> 00:30:45,720
Speaker 12: They're doing the usual gala reception and you know, we

609
00:30:45,800 --> 00:30:48,160
Speaker 12: love you and extra business and trade and stuff like that.

610
00:30:48,680 --> 00:30:50,960
Speaker 12: I'm assuming put you and got a reassurance before we

611
00:30:51,040 --> 00:30:53,520
Speaker 12: landed in Mongolia that nothing would happen. It's it'll be

612
00:30:53,560 --> 00:30:56,080
Speaker 12: interesting to see, if anything, what the ICC do back

613
00:30:56,120 --> 00:30:59,280
Speaker 12: tomorrow at six am the mic Hosking Breakfast the Jaguar

614
00:30:59,560 --> 00:30:59,920
Speaker 12: f Pace.

615
00:31:00,000 --> 00:31:01,200
Speaker 1: As used talk ZB.

616
00:31:01,320 --> 00:31:03,360
Speaker 3: Hither, you're talking a lot of rubbish tonight. No way

617
00:31:03,360 --> 00:31:06,120
Speaker 3: could I influence my husband who to vote for herether.

618
00:31:06,200 --> 00:31:10,200
Speaker 3: Women may influence left wing voting in lower socioeconomic homes,

619
00:31:10,240 --> 00:31:12,320
Speaker 3: but not in the higher ones in my honest opinion.

620
00:31:12,360 --> 00:31:14,520
Speaker 3: That's from Connell, And so it goes. I don't know.

621
00:31:14,760 --> 00:31:15,200
Speaker 13: I don't know.

622
00:31:15,800 --> 00:31:20,160
Speaker 3: I think give give it a go. Why don't you

623
00:31:20,200 --> 00:31:23,080
Speaker 3: do an experiment in the upcoming election or the local

624
00:31:23,120 --> 00:31:26,800
Speaker 3: body elections and ladies, ladies, try it on, or dudes,

625
00:31:26,920 --> 00:31:28,520
Speaker 3: listen to the ladies and see what you think if

626
00:31:28,520 --> 00:31:30,800
Speaker 3: you actually prefer their opinion, because you will actually find

627
00:31:30,840 --> 00:31:32,640
Speaker 3: and this is probably something that's happening you're not even

628
00:31:32,680 --> 00:31:34,720
Speaker 3: aware of. Women are influencing a lot of the decisions

629
00:31:34,760 --> 00:31:38,440
Speaker 3: in the House already where you go on holiday, where

630
00:31:38,480 --> 00:31:41,240
Speaker 3: you bought your beach house, when you go on holiday,

631
00:31:41,280 --> 00:31:44,000
Speaker 3: what brands you buy, what power company you're going to,

632
00:31:44,080 --> 00:31:45,960
Speaker 3: is like heaps of that stuff's already done by women.

633
00:31:46,080 --> 00:31:49,080
Speaker 3: So you probably guys probably just turn their brains off

634
00:31:49,120 --> 00:31:51,720
Speaker 3: and let the ladies tell you how to vote. Just saying,

635
00:31:52,120 --> 00:31:54,160
Speaker 3: just say, there's nothing wrong with that. We are the

636
00:31:54,160 --> 00:31:57,040
Speaker 3: better speece, we're the better gender. We know this right

637
00:31:57,080 --> 00:31:59,520
Speaker 3: because we're stronger. We do all the hard stuff like

638
00:31:59,520 --> 00:32:02,000
Speaker 3: have babies and stuff. Just saying anyway, just rubbing it in,

639
00:32:02,080 --> 00:32:06,200
Speaker 3: just saying, anyway, I am I am trying to wind

640
00:32:06,200 --> 00:32:08,840
Speaker 3: you up and let it go now. Sorry, anyway, Listen

641
00:32:09,120 --> 00:32:12,840
Speaker 3: on something completely unrelated which will maybe also make you angry,

642
00:32:12,840 --> 00:32:15,719
Speaker 3: but not to the same extent. Apparently, the kiwi and

643
00:32:15,800 --> 00:32:18,520
Speaker 3: the more and the Tarka hair we can't even claim

644
00:32:18,560 --> 00:32:21,280
Speaker 3: these birds as our own. Apparently they all came from

645
00:32:21,280 --> 00:32:24,440
Speaker 3: Australia a few million years ago. And this is according

646
00:32:24,480 --> 00:32:27,120
Speaker 3: to some researchers doing some excavation work. I think it's

647
00:32:27,120 --> 00:32:29,200
Speaker 3: in central Otarget that they're digging this stuff up out

648
00:32:29,240 --> 00:32:32,040
Speaker 3: of the ground or something. Anyway, what they found is

649
00:32:32,080 --> 00:32:36,760
Speaker 3: that the Kharkaport is actually the only true New Zealand bird,

650
00:32:36,800 --> 00:32:39,200
Speaker 3: which I'm not unhappy about because it is a beautiful bird.

651
00:32:39,240 --> 00:32:41,160
Speaker 3: So I'm gonna take that one, thanks very much. And

652
00:32:41,280 --> 00:32:44,040
Speaker 3: also crocodiles used to be here all those years ago.

653
00:32:44,040 --> 00:32:46,080
Speaker 3: We're gonna have a chat in about twenty minutes to

654
00:32:46,080 --> 00:32:48,240
Speaker 3: one of the guys who's actually doing the hard work

655
00:32:48,320 --> 00:32:51,920
Speaker 3: on this, Pierre Van Hidden, the Grocery Commissioner, is going

656
00:32:51,960 --> 00:32:54,080
Speaker 3: to be with us next. He has said we are

657
00:32:54,080 --> 00:32:57,320
Speaker 3: getting ripped off by the supermarkets, and I want to

658
00:32:57,320 --> 00:32:59,280
Speaker 3: know what he means by like, does he actually mean

659
00:32:59,520 --> 00:33:01,320
Speaker 3: ripped off, because that's a big call. So we have

660
00:33:01,360 --> 00:33:03,560
Speaker 3: a chat term shortly News Talk ZBA.

661
00:33:09,720 --> 00:33:19,240
Speaker 2: The only drive show you can trust to ask the questions,

662
00:33:19,360 --> 00:33:22,920
Speaker 2: get the answers, by the facts and give the analysis.

663
00:33:23,160 --> 00:33:27,000
Speaker 2: Heather dupless elan drive with One New Zealand. Let's get

664
00:33:27,040 --> 00:33:28,680
Speaker 2: connected and news Talk as z'd be.

665
00:33:30,960 --> 00:33:34,280
Speaker 3: Afternoon. The first annual Commerce Commission report into our supermarkets

666
00:33:34,280 --> 00:33:37,320
Speaker 3: has found no meaningful improvement in competition. It has been

667
00:33:37,360 --> 00:33:39,720
Speaker 3: now more than two years since the ComCom and the

668
00:33:39,720 --> 00:33:42,640
Speaker 3: government first started cracking down on supermarkets, but instead of

669
00:33:42,640 --> 00:33:45,400
Speaker 3: things getting better, they've actually got worse. Per Van heerden

670
00:33:45,520 --> 00:33:49,240
Speaker 3: is the grocery commissioner, Hope Pierre Hi Ever, you've said

671
00:33:49,240 --> 00:33:52,160
Speaker 3: that they're ripping us off. How are they ripping us off?

672
00:33:53,680 --> 00:33:57,000
Speaker 14: Well, when we look at the report, their margins have

673
00:33:57,120 --> 00:34:02,280
Speaker 14: actually increased over the last period, the profitability is still high,

674
00:34:02,760 --> 00:34:06,760
Speaker 14: and they've still got major dominance in the industry. So

675
00:34:06,800 --> 00:34:09,239
Speaker 14: when we combine all of those things, we can see

676
00:34:09,239 --> 00:34:12,080
Speaker 14: that competition isn't working the way it should be.

677
00:34:12,719 --> 00:34:15,239
Speaker 3: So are you saying that they are extorting us.

678
00:34:16,960 --> 00:34:19,400
Speaker 14: I wouldn't go as far as saying extorting, but that

679
00:34:19,640 --> 00:34:21,160
Speaker 14: are making more margin.

680
00:34:21,600 --> 00:34:24,000
Speaker 3: Yeah, So is that ripping us off by making more

681
00:34:24,000 --> 00:34:24,680
Speaker 3: money off us?

682
00:34:26,040 --> 00:34:26,279
Speaker 4: Yes?

683
00:34:26,600 --> 00:34:27,799
Speaker 7: I believe in competition.

684
00:34:28,120 --> 00:34:34,520
Speaker 14: If they are making more than is accepted overseas, that

685
00:34:34,920 --> 00:34:39,560
Speaker 14: QI consumers are paying too much and KEI consumers deserve better.

686
00:34:40,040 --> 00:34:41,960
Speaker 3: How much more are they making off us than is

687
00:34:42,000 --> 00:34:42,960
Speaker 3: accepted overseas.

688
00:34:44,600 --> 00:34:47,200
Speaker 14: I don't have the figure with me right here, but

689
00:34:47,680 --> 00:34:51,800
Speaker 14: from memory, the return on assets is about eleven percent

690
00:34:51,960 --> 00:34:53,120
Speaker 14: versus five and a half.

691
00:34:53,080 --> 00:34:55,120
Speaker 7: Six overseas, so it's like double.

692
00:34:56,320 --> 00:35:01,319
Speaker 14: Yes, it is quite a significant difference between what's others

693
00:35:01,360 --> 00:35:05,400
Speaker 14: overseas are making where there's more competition than what's happening

694
00:35:05,400 --> 00:35:07,319
Speaker 14: in New Zealand, how much of.

695
00:35:07,239 --> 00:35:11,560
Speaker 3: The margin's gone up by.

696
00:35:10,320 --> 00:35:13,719
Speaker 14: The margins have gone up by about three percent when

697
00:35:13,760 --> 00:35:17,040
Speaker 14: we look at the different ones. Fruit and veggies has

698
00:35:17,080 --> 00:35:21,880
Speaker 14: gone up about zero point four percent from memory, So

699
00:35:22,560 --> 00:35:26,040
Speaker 14: overall they've gone up. And when we say the margins

700
00:35:26,040 --> 00:35:29,279
Speaker 14: have gone up, this is the difference between what the

701
00:35:29,440 --> 00:35:34,920
Speaker 14: suppliers are charging to the supermarkets with their inflation and

702
00:35:35,040 --> 00:35:39,160
Speaker 14: what the supermarkets have increased their prices by.

703
00:35:39,280 --> 00:35:41,839
Speaker 7: So that margin has increased.

704
00:35:41,920 --> 00:35:44,600
Speaker 3: Ah, So it's not so the suppliers are getting a

705
00:35:44,600 --> 00:35:48,440
Speaker 3: certain amount of money and yet we as consumers are

706
00:35:48,440 --> 00:35:51,120
Speaker 3: getting priced over and above that, and that's going up.

707
00:35:51,200 --> 00:35:52,399
Speaker 3: That gap is going up.

708
00:35:53,160 --> 00:35:56,840
Speaker 14: That is correct, okay, because we do have inflation and

709
00:35:56,840 --> 00:36:00,320
Speaker 14: we've got to recognize that. But you know, in a

710
00:36:00,760 --> 00:36:05,640
Speaker 14: competitive market, you'd expect that those margins are constrained.

711
00:36:06,360 --> 00:36:09,680
Speaker 3: Now, Pierre, the problem is this is not no surprise

712
00:36:09,719 --> 00:36:11,200
Speaker 3: to me at all, because when the government did the

713
00:36:11,239 --> 00:36:13,279
Speaker 3: crackdown on supermarkets, it was never going to work, right,

714
00:36:13,320 --> 00:36:16,200
Speaker 3: It was too lily lived, it was weak. So it

715
00:36:16,239 --> 00:36:19,360
Speaker 3: hasn't worked. It's not going to work. What are you

716
00:36:19,440 --> 00:36:20,680
Speaker 3: going to do to change things?

717
00:36:22,120 --> 00:36:24,760
Speaker 14: What we're doing is we've got quite a few powers

718
00:36:24,760 --> 00:36:27,000
Speaker 14: that haven't been unlocked yet, and we want to make

719
00:36:27,040 --> 00:36:28,919
Speaker 14: sure that we unlock all of those.

720
00:36:29,040 --> 00:36:30,000
Speaker 3: What are those powers once?

721
00:36:30,360 --> 00:36:33,880
Speaker 14: Once we've used that, then we can say to the government,

722
00:36:34,320 --> 00:36:36,440
Speaker 14: this is where we're at, and then they can make

723
00:36:36,480 --> 00:36:38,560
Speaker 14: a decision what they want to do from there.

724
00:36:38,640 --> 00:36:39,520
Speaker 3: What are those persons?

725
00:36:40,480 --> 00:36:41,920
Speaker 7: For instance, if.

726
00:36:41,800 --> 00:36:46,080
Speaker 14: I take the wholesale side of things, we've got to

727
00:36:46,120 --> 00:36:50,120
Speaker 14: do a Section fifty six inquiry in order to unlock

728
00:36:50,239 --> 00:36:53,200
Speaker 14: what it's called the backstops, so where we give a

729
00:36:53,239 --> 00:36:56,319
Speaker 14: report to the minister, and the Minister then says to

730
00:36:56,480 --> 00:37:00,719
Speaker 14: the wholesalers that you've got to supply to other old

731
00:37:00,760 --> 00:37:03,759
Speaker 14: sailors at the same price that you supply to your

732
00:37:03,800 --> 00:37:04,560
Speaker 14: own stores.

733
00:37:04,920 --> 00:37:07,480
Speaker 7: That's one of the backstops.

734
00:37:07,800 --> 00:37:09,120
Speaker 4: On the supply code.

735
00:37:09,280 --> 00:37:10,040
Speaker 7: What we're doing.

736
00:37:10,600 --> 00:37:13,279
Speaker 14: It's been in force now for five months. We see

737
00:37:13,280 --> 00:37:16,759
Speaker 14: it's not working the way it was intended to. There's

738
00:37:16,800 --> 00:37:20,400
Speaker 14: some advantages already, but we've taken early actions. So with

739
00:37:20,520 --> 00:37:23,480
Speaker 14: all of these we're actually getting ahead of the game

740
00:37:23,600 --> 00:37:27,279
Speaker 14: and starting early to make all of the improvements to

741
00:37:27,360 --> 00:37:31,200
Speaker 14: the system. There's no one silver bullet. If there was,

742
00:37:31,239 --> 00:37:34,440
Speaker 14: it would be very easy. There's no one silver bullet,

743
00:37:34,480 --> 00:37:36,880
Speaker 14: so we've got to use all of these different tools

744
00:37:37,280 --> 00:37:40,840
Speaker 14: to their maximum effect to try and get change within

745
00:37:40,880 --> 00:37:41,400
Speaker 14: the injury.

746
00:37:42,040 --> 00:37:44,279
Speaker 3: How long will it take you to get this stuff done?

747
00:37:45,920 --> 00:37:50,560
Speaker 14: Well, when we look at overseas, Australia and Finland. In

748
00:37:50,640 --> 00:37:54,520
Speaker 14: Australia without a regime like we have, it took LD

749
00:37:54,719 --> 00:37:57,520
Speaker 14: ten years to get to ten percent of the market share.

750
00:37:58,360 --> 00:38:02,080
Speaker 14: In Finland, Legal also ten years to get to ten percent.

751
00:38:02,640 --> 00:38:04,520
Speaker 7: I don't believe we have ten years.

752
00:38:04,719 --> 00:38:08,440
Speaker 14: No one is wanting to sit around, and no consumers

753
00:38:08,480 --> 00:38:12,719
Speaker 14: specifically wants to sit around for ten years. We have

754
00:38:12,800 --> 00:38:15,520
Speaker 14: a unique situation and that we've got a world first

755
00:38:15,600 --> 00:38:19,319
Speaker 14: in this grocery regime that we want to use to

756
00:38:19,640 --> 00:38:22,560
Speaker 14: pull all those levers. See what we can get done,

757
00:38:22,640 --> 00:38:24,840
Speaker 14: See if we can get another player in the market,

758
00:38:24,960 --> 00:38:29,520
Speaker 14: improve competition, and I think when we look at geographic

759
00:38:29,640 --> 00:38:34,839
Speaker 14: areas like Auckland, there's actually been a decrease already in

760
00:38:34,880 --> 00:38:40,560
Speaker 14: the concentration of the major grocery supermarkets by about four percent.

761
00:38:40,680 --> 00:38:44,799
Speaker 14: So it shows me that if competition is working and

762
00:38:44,880 --> 00:38:48,919
Speaker 14: even the smaller and slightly bigger like Costco come in,

763
00:38:49,640 --> 00:38:52,200
Speaker 14: they can have an impact. And I believe we can

764
00:38:52,640 --> 00:38:55,200
Speaker 14: change things within our industry.

765
00:38:56,000 --> 00:38:58,279
Speaker 3: You can't let the merger go through at Foodstuffs with

766
00:38:58,360 --> 00:39:00,000
Speaker 3: the stuff going on, can you.

767
00:39:01,400 --> 00:39:01,560
Speaker 4: Well?

768
00:39:01,600 --> 00:39:04,400
Speaker 14: Ever, you know I comment on that at the moment

769
00:39:05,400 --> 00:39:09,720
Speaker 14: we are in the process of reviewing it and the

770
00:39:09,800 --> 00:39:12,560
Speaker 14: decision on that will come out on the first of October.

771
00:39:12,680 --> 00:39:14,520
Speaker 3: All right, peer, thank you, I really appreciate your time.

772
00:39:14,560 --> 00:39:16,840
Speaker 3: That's Pervanhead and the Grocery Commissioner. Now a lot of

773
00:39:16,880 --> 00:39:19,000
Speaker 3: the power will lay in the hands of Andrew Bailey,

774
00:39:19,000 --> 00:39:22,480
Speaker 3: the Commerce Minister. He's with us after six o'clock thirteen past.

775
00:39:22,239 --> 00:39:24,240
Speaker 1: Five together do for CEL.

776
00:39:24,440 --> 00:39:26,960
Speaker 3: David Seymours announced the first red tape that he's cutting

777
00:39:26,960 --> 00:39:30,439
Speaker 3: from early childhood centers from October. Pay parity will only

778
00:39:30,520 --> 00:39:33,719
Speaker 3: apply to permanent, part or full time certified teachers, not

779
00:39:33,760 --> 00:39:37,080
Speaker 3: to the relief teachers, and eces will not have to

780
00:39:37,120 --> 00:39:38,880
Speaker 3: try it, will not have to prove that they tried

781
00:39:38,920 --> 00:39:41,839
Speaker 3: to find a certified teacher before hiring a non certified teacher. Now,

782
00:39:41,880 --> 00:39:46,520
Speaker 3: the Early Childhood Council CEO, Simon Laber is with us now, hey, Simon, Hi. Ever,

783
00:39:46,800 --> 00:39:49,480
Speaker 3: so the pay parity thing applying to the relief teachers,

784
00:39:49,520 --> 00:39:51,440
Speaker 3: it seems to me that this is going to incentivize

785
00:39:51,480 --> 00:39:54,160
Speaker 3: them to stop being relief teachers but actually become permanent.

786
00:39:54,239 --> 00:39:57,560
Speaker 13: Is that the plan you've got to bang on, Heather.

787
00:39:57,640 --> 00:40:01,120
Speaker 13: That's absolutely right. And I think the other point is

788
00:40:01,160 --> 00:40:03,440
Speaker 13: why were they included in the first place, Because it

789
00:40:03,600 --> 00:40:06,120
Speaker 13: kind of beggars belief that you would, because you just

790
00:40:06,239 --> 00:40:10,800
Speaker 13: create a and an inducement for them to leave teaching

791
00:40:10,840 --> 00:40:14,760
Speaker 13: and become relievers if you do so. Some real common

792
00:40:14,800 --> 00:40:18,520
Speaker 13: sense today from the government, and good riddance to lots

793
00:40:18,520 --> 00:40:19,120
Speaker 13: of red tape.

794
00:40:19,120 --> 00:40:21,520
Speaker 3: And I can understand why we don't want ecees wasting

795
00:40:21,560 --> 00:40:23,520
Speaker 3: their time trying to prove that they found a certified

796
00:40:23,560 --> 00:40:25,360
Speaker 3: trying that they try to find a certified teacher if

797
00:40:25,360 --> 00:40:29,000
Speaker 3: there's no certified teacher to find. But is it less

798
00:40:29,040 --> 00:40:31,240
Speaker 3: beneficial to the kids to have a non certified teacher.

799
00:40:31,280 --> 00:40:32,840
Speaker 3: Don't we want a certified teacher.

800
00:40:34,640 --> 00:40:37,279
Speaker 13: We do want certified teachers, but we do have a

801
00:40:37,320 --> 00:40:41,480
Speaker 13: teacher shortage as well. Neither of those changes will mean

802
00:40:41,840 --> 00:40:45,640
Speaker 13: less certified changer, less certified teachers. It doesn't affect that

803
00:40:46,480 --> 00:40:49,680
Speaker 13: we've got a limited number of certified teachers. And they'd

804
00:40:49,719 --> 00:40:53,400
Speaker 13: gravitated away from our employment into these third party relief

805
00:40:53,560 --> 00:40:56,839
Speaker 13: teacher agencies, which were then being charged back to us

806
00:40:56,880 --> 00:41:00,960
Speaker 13: at exorbitant rates. So today we'll turn the tide on

807
00:41:01,040 --> 00:41:05,360
Speaker 13: that and hopefully we'll actually see more certified textures and

808
00:41:05,480 --> 00:41:08,120
Speaker 13: ecees because no, I want to get a job.

809
00:41:08,320 --> 00:41:10,399
Speaker 3: Yeah, Simon, Hey, thanks very much, really appreciate it. Simon

810
00:41:10,480 --> 00:41:13,319
Speaker 3: Lobber Early Childhood Council CEO hit that the ComCom have

811
00:41:13,360 --> 00:41:15,440
Speaker 3: been banging on for years about the grocery chains and

812
00:41:15,440 --> 00:41:18,799
Speaker 3: what have they done? Nothing? Either do something or shut up, Mike.

813
00:41:19,520 --> 00:41:21,200
Speaker 3: I feel like we're all feeling the same as you,

814
00:41:21,239 --> 00:41:24,680
Speaker 3: and I suspect this is the show us your money moment,

815
00:41:24,680 --> 00:41:27,600
Speaker 3: don't you think quarter past? All right, strap yourself and

816
00:41:27,640 --> 00:41:29,200
Speaker 3: get your credit card at the ready, Get set to

817
00:41:29,200 --> 00:41:31,520
Speaker 3: grab a case of one of the most ludicrously good

818
00:41:31,560 --> 00:41:33,879
Speaker 3: wine deals that you're going to see all year. It's

819
00:41:33,880 --> 00:41:36,520
Speaker 3: available online right now at the Good Wine co. Now.

820
00:41:36,960 --> 00:41:39,960
Speaker 3: This is a canceled export order of Mammoth proportions. It

821
00:41:40,040 --> 00:41:43,640
Speaker 3: is quality Marlborough savaon blanc. It's originally destined for an

822
00:41:43,640 --> 00:41:45,840
Speaker 3: offshore market. It's being urgently cleared right now at a

823
00:41:45,920 --> 00:41:48,560
Speaker 3: rock bottom price of nine ninety nine per bottle. You

824
00:41:48,719 --> 00:41:52,520
Speaker 3: absolutely heard that right, nine ninety nine canceled export order

825
00:41:52,560 --> 00:41:56,040
Speaker 3: Marlborough Savvy. Now the wine is called Southern Lines Marlboro

826
00:41:56,080 --> 00:41:58,239
Speaker 3: savagn On Blanc twenty twenty two. And let's just say

827
00:41:58,280 --> 00:41:59,600
Speaker 3: the quality that you're going to get here for the

828
00:41:59,600 --> 00:42:03,239
Speaker 3: money is off the scale. This is classic Marlboro Savy

829
00:42:03,280 --> 00:42:05,920
Speaker 3: in a glass. It's a mouth filling style of zesty

830
00:42:05,920 --> 00:42:08,759
Speaker 3: tropical fruit flavor. Is a really refreshing dry finish and

831
00:42:08,960 --> 00:42:12,080
Speaker 3: honestly you're going to be impressed by this. It gets better.

832
00:42:12,560 --> 00:42:15,560
Speaker 3: You paid just one dollar per case delivery nationwide conditions apply,

833
00:42:15,640 --> 00:42:17,080
Speaker 3: so don't miss out on This is going to fly

834
00:42:17,120 --> 00:42:20,080
Speaker 3: out the door. This is quality Marlborough Savy canceled export

835
00:42:20,160 --> 00:42:22,120
Speaker 3: order nine ninety nine per bottle and a dollar per

836
00:42:22,160 --> 00:42:24,319
Speaker 3: case delivery to your door. The phones are going to

837
00:42:24,320 --> 00:42:26,440
Speaker 3: be ringing hot, so your best bet is to order online.

838
00:42:26,440 --> 00:42:28,480
Speaker 3: You can do it right now at the Goodwine dot Co.

839
00:42:28,560 --> 00:42:30,120
Speaker 3: Do on is Zedil give them a call. Oh eight

840
00:42:30,239 --> 00:42:33,720
Speaker 3: hundred double six two double six two ever duplus Ellen

841
00:42:34,080 --> 00:42:36,920
Speaker 3: nineteen past five. Now this may shock a few. Apparently

842
00:42:36,960 --> 00:42:39,719
Speaker 3: the kiwi and the taka hair and the more are

843
00:42:39,719 --> 00:42:43,319
Speaker 3: not actually Kiwi birds. Hey are Australian birds. A team

844
00:42:43,320 --> 00:42:46,880
Speaker 3: of paleontologists have been excavating a fossil site in central

845
00:42:46,880 --> 00:42:48,640
Speaker 3: Otago since two thousand and one. Of this is their

846
00:42:48,680 --> 00:42:52,680
Speaker 3: latest discovery, and Canterbury Museum Sieni Curator of Natural History

847
00:42:52,880 --> 00:42:56,320
Speaker 3: Paul Schofield was involved in the excavation with us. Now, hey, Paul.

848
00:42:57,480 --> 00:42:58,799
Speaker 4: Cada, how's it going good?

849
00:42:58,840 --> 00:43:00,880
Speaker 3: Thank you? How long ago did these birds come to

850
00:43:00,960 --> 00:43:01,560
Speaker 3: New Zealand?

851
00:43:01,600 --> 00:43:06,280
Speaker 4: Then, well, it differs for different species that we believe

852
00:43:06,280 --> 00:43:08,600
Speaker 4: them are in. The Kiwi probably got here about thirty

853
00:43:08,640 --> 00:43:11,880
Speaker 4: million years ago, but some of the others, like Targai,

854
00:43:12,000 --> 00:43:15,320
Speaker 4: were probably quite recent blow ins, maybe only two or

855
00:43:15,360 --> 00:43:19,439
Speaker 4: three million years ago. So, as you well know, there's

856
00:43:19,480 --> 00:43:25,000
Speaker 4: this east westerly drift from Australia and right across the

857
00:43:26,280 --> 00:43:29,760
Speaker 4: southern Ocean, and it appears that species have been arriving

858
00:43:29,800 --> 00:43:34,680
Speaker 4: in New Zealand ever since we drifted away from Gondwana land.

859
00:43:35,360 --> 00:43:37,959
Speaker 4: So the really surprising thing from our point of view

860
00:43:38,080 --> 00:43:42,080
Speaker 4: is the fact that many of the species that we

861
00:43:42,239 --> 00:43:48,919
Speaker 4: considered to be sort of traditional Kiwis aren't.

862
00:43:50,360 --> 00:43:54,239
Speaker 3: Are you there, Paul? Have we lost you? Oh no,

863
00:43:54,280 --> 00:43:56,320
Speaker 3: we've got you. So your lines cutting in out a

864
00:43:56,360 --> 00:43:59,440
Speaker 3: little bit, Paul, Sorry, No, that's not your fault, don't

865
00:43:59,480 --> 00:44:02,719
Speaker 3: you worry about it. If these birds are actually originally

866
00:44:03,000 --> 00:44:06,160
Speaker 3: deporties from Australia, then should the car cup or actually

867
00:44:06,200 --> 00:44:07,080
Speaker 3: be our national bird.

868
00:44:08,280 --> 00:44:11,080
Speaker 4: Well, it's got a lot of the same characteristics as

869
00:44:11,120 --> 00:44:16,279
Speaker 4: the kiwi. It's nocturnal and it's also flightless. And the

870
00:44:16,360 --> 00:44:19,880
Speaker 4: carcapo really is from both the DNA and the fossil record,

871
00:44:19,920 --> 00:44:22,959
Speaker 4: we know that it's been here for so so long. Yeah,

872
00:44:23,080 --> 00:44:28,400
Speaker 4: and it's really quite unique. But there's other really interesting

873
00:44:28,480 --> 00:44:36,040
Speaker 4: birds similarly. There's the little wrens, the riflemen, and the

874
00:44:36,080 --> 00:44:38,719
Speaker 4: bush and the bush wren and the rock crant and

875
00:44:38,800 --> 00:44:41,480
Speaker 4: that they are also long term New Zealand residents. They've

876
00:44:41,480 --> 00:44:43,239
Speaker 4: been here for sixty million years.

877
00:44:43,320 --> 00:44:45,799
Speaker 3: Okay, Hey, what happened to the crocs that we used

878
00:44:45,800 --> 00:44:46,040
Speaker 3: to have?

879
00:44:47,040 --> 00:44:49,640
Speaker 4: Yeah, yeah, So there's another really exciting thing. We had

880
00:44:49,640 --> 00:44:53,239
Speaker 4: two species of crocodile and we believe that they most

881
00:44:53,360 --> 00:44:57,800
Speaker 4: likely became extinct at the beginning of the ice Ages

882
00:44:57,840 --> 00:44:59,960
Speaker 4: about two million years ago to or three million years

883
00:45:00,520 --> 00:45:02,719
Speaker 4: so at Central Otago when at the time we were

884
00:45:02,719 --> 00:45:05,520
Speaker 4: digging twenty million years ago, it was really quite warm.

885
00:45:05,560 --> 00:45:09,520
Speaker 4: It was like North North and New South Wales or

886
00:45:09,560 --> 00:45:15,160
Speaker 4: southern Queensland. But as soon as the glaciations came along,

887
00:45:15,400 --> 00:45:18,120
Speaker 4: things really cooled down and it got to the point

888
00:45:18,160 --> 00:45:19,880
Speaker 4: where the crocodiles something couldn't survive.

889
00:45:20,160 --> 00:45:22,200
Speaker 3: I see, Paul, thank you for running us. We'd appreciate it,

890
00:45:22,239 --> 00:45:25,680
Speaker 3: Doctor Paul Schofield, Senior Curator of Natural History at Canterbury Museum,

891
00:45:25,719 --> 00:45:26,439
Speaker 3: five twenty two.

892
00:45:27,120 --> 00:45:30,840
Speaker 2: Digging deeper into the day's headlines, it's Heather Duper clan

893
00:45:30,960 --> 00:45:32,720
Speaker 2: drive with one New Zealand.

894
00:45:32,880 --> 00:45:34,640
Speaker 1: Let's get connected and use dogs.

895
00:45:34,680 --> 00:45:36,879
Speaker 3: That'd be it's coming up twenty five past five. Now

896
00:45:36,960 --> 00:45:39,560
Speaker 3: I am getting, by the way more and more suspicious

897
00:45:39,600 --> 00:45:42,920
Speaker 3: about the situation with the Ruapehu mills that have been closed.

898
00:45:42,920 --> 00:45:44,879
Speaker 3: You know the ones I'm talking about as two of them,

899
00:45:44,960 --> 00:45:46,799
Speaker 3: and they got shut down a few weeks ago because

900
00:45:46,840 --> 00:45:48,719
Speaker 3: the power prices, and initially they were shut down for

901
00:45:48,760 --> 00:45:50,920
Speaker 3: a couple of weeks, but then after that they were

902
00:45:51,000 --> 00:45:54,359
Speaker 3: kept shut and that may remain permanent with the loss

903
00:45:54,360 --> 00:45:58,320
Speaker 3: of two hundred and thirty jobs because power prices are mental. Apparently.

904
00:45:58,840 --> 00:46:01,200
Speaker 3: Now what you may not really because this actually hasn't

905
00:46:01,200 --> 00:46:03,919
Speaker 3: got that much publicity, is that there is a group

906
00:46:03,960 --> 00:46:07,200
Speaker 3: of five ministers, including Shane Jones and Sime and Brown,

907
00:46:07,480 --> 00:46:09,640
Speaker 3: who are right now working very hard to try to

908
00:46:09,680 --> 00:46:11,680
Speaker 3: find a way to save those mills and keep them open,

909
00:46:11,680 --> 00:46:14,440
Speaker 3: and they are apparently due to present a case to

910
00:46:14,480 --> 00:46:17,920
Speaker 3: the mill's owner on Friday for how they think they

911
00:46:17,920 --> 00:46:19,719
Speaker 3: can keep them open, and then the mill's owner will

912
00:46:19,719 --> 00:46:24,319
Speaker 3: make a decision after that. Now, why I'm suspicious, right,

913
00:46:24,920 --> 00:46:26,680
Speaker 3: What I am suspicious of is that it's going to

914
00:46:26,680 --> 00:46:28,960
Speaker 3: take quite a lot to keep these mills open. And

915
00:46:29,000 --> 00:46:32,040
Speaker 3: the reason I'm growing suspicious like that is because power prices,

916
00:46:32,280 --> 00:46:35,200
Speaker 3: I suspect are not the only problem here, if the

917
00:46:35,239 --> 00:46:38,319
Speaker 3: problem at all. Because have you seen the spot price

918
00:46:38,360 --> 00:46:40,000
Speaker 3: for energy in the last couple of days and what

919
00:46:40,040 --> 00:46:42,600
Speaker 3: it's doing. It's been trading at two to three cents

920
00:46:42,640 --> 00:46:45,560
Speaker 3: a Mega what hour for much of the last week. Now,

921
00:46:45,680 --> 00:46:47,600
Speaker 3: now let me just put this in perspective for you.

922
00:46:48,560 --> 00:46:53,040
Speaker 3: Two to three cents as opposed to last month more

923
00:46:53,080 --> 00:46:57,960
Speaker 3: than sixteen hundred dollars, right, so one six hundred dollars

924
00:46:58,000 --> 00:47:00,800
Speaker 3: per Mega what hour is now two to three cents

925
00:47:00,840 --> 00:47:02,799
Speaker 3: per Mega what hour? And now you cannot tell me

926
00:47:03,280 --> 00:47:05,880
Speaker 3: at two to three cents, which is basically zero, that

927
00:47:05,960 --> 00:47:08,359
Speaker 3: it's too expensive to be running a mill, right, because

928
00:47:08,480 --> 00:47:11,680
Speaker 3: that's basically free power like that, Go for your life, guys,

929
00:47:11,719 --> 00:47:14,080
Speaker 3: make as much pulp as you possibly can, because you're

930
00:47:14,080 --> 00:47:16,560
Speaker 3: not paying anything for your power right now. Plus what

931
00:47:16,680 --> 00:47:20,080
Speaker 3: makes me even more suspicious about this is that Mercury

932
00:47:20,160 --> 00:47:23,160
Speaker 3: called them out the other day and said, actually they

933
00:47:23,200 --> 00:47:25,239
Speaker 3: didn't have to pay the prices that they were paying

934
00:47:25,239 --> 00:47:27,120
Speaker 3: on the spot market because Mercury had offered them a

935
00:47:27,120 --> 00:47:30,040
Speaker 3: good fixed price deal and they didn't want it. Instead,

936
00:47:30,239 --> 00:47:33,200
Speaker 3: they stayed on the spot market and then complained about it.

937
00:47:33,360 --> 00:47:36,360
Speaker 3: So I'm just wondering if power prices really are the

938
00:47:36,400 --> 00:47:40,239
Speaker 3: big problem here, or if we've maybe got another little

939
00:47:40,320 --> 00:47:42,680
Speaker 3: Rio Tinto case in our hands here. Now if you

940
00:47:42,800 --> 00:47:45,640
Speaker 3: cast your mind back to Rio Tinto who owned Ty

941
00:47:45,640 --> 00:47:48,879
Speaker 3: smelted down in Southland. They always come cap in hand,

942
00:47:48,960 --> 00:47:51,440
Speaker 3: don't they when the aluminium price globally is not so

943
00:47:51,600 --> 00:47:54,080
Speaker 3: flash as I'm just wondering if these guys are coming

944
00:47:54,080 --> 00:47:56,560
Speaker 3: cap in hand looking for help because the pulp price

945
00:47:56,680 --> 00:47:59,719
Speaker 3: isn't so flash at the moment, which it isn't. The

946
00:48:00,040 --> 00:48:01,960
Speaker 3: guys aren't rookies, by the way, and they're owned by

947
00:48:02,000 --> 00:48:05,000
Speaker 3: a Malaysian family that's worth about one point four billion

948
00:48:05,440 --> 00:48:07,760
Speaker 3: New Zealand dollars. So I just hope they're not trying

949
00:48:07,760 --> 00:48:10,600
Speaker 3: it on for a sweet handout to increase profits. And

950
00:48:10,640 --> 00:48:13,520
Speaker 3: I just hope those five ministers know what's going on

951
00:48:13,600 --> 00:48:17,080
Speaker 3: here possibly ever do for see Ellen trigger warnings, Listen

952
00:48:17,080 --> 00:48:19,200
Speaker 3: trigger warnings on the TV shows and stuff have gone

953
00:48:19,200 --> 00:48:20,520
Speaker 3: a bit nuts, so you get a trigger warning for

954
00:48:20,600 --> 00:48:23,080
Speaker 3: literally everything like smoking a cigarette and the scene and

955
00:48:23,160 --> 00:48:25,480
Speaker 3: Matt Smith, who played you remember he played one of

956
00:48:25,480 --> 00:48:27,399
Speaker 3: the Prince Phillips and the crown. He says, it's going

957
00:48:27,400 --> 00:48:29,920
Speaker 3: too far. We're going to talk about that shortly. Also,

958
00:48:30,719 --> 00:48:33,560
Speaker 3: Luxon put this up on his Twitter account.

959
00:48:33,800 --> 00:48:34,600
Speaker 1: Well cure everyone.

960
00:48:34,640 --> 00:48:36,960
Speaker 15: I'm here in Medeka Square in Kuala Lumpa and it's

961
00:48:36,960 --> 00:48:40,320
Speaker 15: an iconic place where Malaysian independence was declared in nineteen

962
00:48:40,360 --> 00:48:43,880
Speaker 15: fifty seven and nearly seventy years on, Malaysia is still

963
00:48:43,920 --> 00:48:45,279
Speaker 15: growing and it's looking.

964
00:48:45,000 --> 00:48:45,600
Speaker 16: To the future.

965
00:48:46,200 --> 00:48:48,759
Speaker 3: And so then guess who pops up and congratulates him

966
00:48:48,760 --> 00:48:50,799
Speaker 3: Elon Musk. He says, I have to say I like

967
00:48:50,840 --> 00:48:53,720
Speaker 3: the new New Zealand Prime Minister good energy talks directly

968
00:48:53,760 --> 00:48:57,000
Speaker 3: to the public. This is the way, Hey Headline's next.

969
00:48:59,040 --> 00:49:02,760
Speaker 2: The day's news bakers talked to Heather first. Heather duple

970
00:49:02,840 --> 00:49:06,360
Speaker 2: c Allen Drive with one New Zealand. Let's get connected

971
00:49:06,400 --> 00:49:07,560
Speaker 2: and news talk z B.

972
00:49:15,160 --> 00:49:22,480
Speaker 3: Like the minister who might be able to do something

973
00:49:22,680 --> 00:49:25,280
Speaker 3: to help the grocery commissioner with the supermarkets. Andrew Bailey

974
00:49:25,320 --> 00:49:26,600
Speaker 3: is going to be with us after six o'clock. The

975
00:49:26,640 --> 00:49:30,000
Speaker 3: Huddle is standing by Heather. How much of the two

976
00:49:30,080 --> 00:49:32,520
Speaker 3: hundred and thirty thousand dollars that the young couple found

977
00:49:32,600 --> 00:49:34,960
Speaker 3: in the attic? Will the sparky get well? Darren, this

978
00:49:35,040 --> 00:49:37,560
Speaker 3: is a very good question we're gonna have. Will the

979
00:49:37,600 --> 00:49:39,880
Speaker 3: young couple even get to keep it as more? Is

980
00:49:39,880 --> 00:49:41,879
Speaker 3: actually much more pressing. We can talk to Huddle about

981
00:49:41,880 --> 00:49:43,920
Speaker 3: that very shortly. Right now, it's twenty four away from

982
00:49:43,960 --> 00:49:46,759
Speaker 3: six now. Matt Smith, you might know this guy's name.

983
00:49:46,800 --> 00:49:48,440
Speaker 3: He's the actor from the House of the Dragon. He's

984
00:49:48,440 --> 00:49:50,719
Speaker 3: played Prince Philip in one of the Crown seasons. He

985
00:49:50,800 --> 00:49:53,400
Speaker 3: reckons we're over using trigger warnings in films and TV

986
00:49:53,440 --> 00:49:56,040
Speaker 3: shows to the point where modern audiences have become completely

987
00:49:56,040 --> 00:49:58,640
Speaker 3: reliant on them, and he reckons warnings have left shows

988
00:49:58,719 --> 00:50:01,319
Speaker 3: dumbed down, and we telling people to be scared before

989
00:50:01,360 --> 00:50:04,759
Speaker 3: they've even watched something. Clinical psychologists Google Sutherlanders with us

990
00:50:04,760 --> 00:50:05,440
Speaker 3: on this a Google.

991
00:50:06,800 --> 00:50:07,680
Speaker 17: Hey, how's it going?

992
00:50:07,760 --> 00:50:09,520
Speaker 3: I'm very well, thank you. What do you reckon? Are

993
00:50:09,560 --> 00:50:11,240
Speaker 3: we overdoing it? Or are these things useful?

994
00:50:13,120 --> 00:50:17,000
Speaker 17: Well, that the research so far suggests that they aren't

995
00:50:17,120 --> 00:50:21,400
Speaker 17: particularly useful at all. They that what they do do

996
00:50:21,600 --> 00:50:26,120
Speaker 17: is they increase people's anxiety in advance of something coming up,

997
00:50:27,320 --> 00:50:31,040
Speaker 17: and that people don't end up avoiding looking at or

998
00:50:31,120 --> 00:50:33,920
Speaker 17: watching the thing that you're supposed to be not looking

999
00:50:33,960 --> 00:50:37,400
Speaker 17: at or watching. So the research is saying that actually

1000
00:50:37,640 --> 00:50:40,160
Speaker 17: they don't seem to be doing a particularly good job

1001
00:50:40,200 --> 00:50:42,319
Speaker 17: of what we think that they should be doing.

1002
00:50:42,960 --> 00:50:45,279
Speaker 3: Is this part of the modern nonsense where we just

1003
00:50:45,280 --> 00:50:47,399
Speaker 3: don't want to upset anyone? Or is there actually good

1004
00:50:47,400 --> 00:50:49,759
Speaker 3: clinical grounding for putting something like this up there like it?

1005
00:50:49,800 --> 00:50:52,480
Speaker 3: Are they basing it in some good intention?

1006
00:50:53,840 --> 00:50:54,040
Speaker 1: Yeah?

1007
00:50:54,080 --> 00:50:57,080
Speaker 17: Look, I think the intention is good. We know that

1008
00:50:57,160 --> 00:51:00,840
Speaker 17: if you have suffered a serious tries, some sort of

1009
00:51:00,920 --> 00:51:03,600
Speaker 17: abuse or attack or post traumatic stress or sort of

1010
00:51:03,640 --> 00:51:06,480
Speaker 17: something like that, that and if you get reminded of

1011
00:51:06,520 --> 00:51:11,680
Speaker 17: that again, it can re trigger off that whole disorder

1012
00:51:11,840 --> 00:51:14,680
Speaker 17: or all those symptoms again, and so there's a good

1013
00:51:15,120 --> 00:51:18,520
Speaker 17: intention behind not doing that. But I think what's happened

1014
00:51:18,560 --> 00:51:22,359
Speaker 17: is that that that the idea about triggering that off

1015
00:51:22,400 --> 00:51:25,919
Speaker 17: has slowly slipped and expanded to cover off a whole

1016
00:51:25,920 --> 00:51:29,040
Speaker 17: lot of things, including now things that make us mildly

1017
00:51:29,160 --> 00:51:34,279
Speaker 17: upset or irritated. And look, that might be good intentions

1018
00:51:34,280 --> 00:51:37,080
Speaker 17: as well, if we did follow the warnings and avoid them,

1019
00:51:37,239 --> 00:51:39,600
Speaker 17: or or they did help us to feel better, but

1020
00:51:39,680 --> 00:51:42,719
Speaker 17: the research shows that that doesn't actually work anyway. So

1021
00:51:43,120 --> 00:51:45,319
Speaker 17: it's got good intentions, but I'm not sure that it's

1022
00:51:45,360 --> 00:51:46,760
Speaker 17: living up to its good intentions.

1023
00:51:47,080 --> 00:51:49,719
Speaker 3: Right, Hey, have you ever watched any films when all

1024
00:51:49,760 --> 00:51:52,760
Speaker 3: TV shows with the stuff, you know, the trigger warnings?

1025
00:51:54,280 --> 00:51:55,480
Speaker 17: Have I watched them with a trigger?

1026
00:51:55,480 --> 00:51:55,560
Speaker 1: Wo?

1027
00:51:55,800 --> 00:51:56,000
Speaker 2: Yeah?

1028
00:51:56,000 --> 00:51:57,120
Speaker 3: Have you seen the trigger warnings?

1029
00:51:57,920 --> 00:51:58,080
Speaker 17: Yeah?

1030
00:51:58,160 --> 00:51:59,520
Speaker 5: Yeah, yeah, yeah yeah.

1031
00:51:58,960 --> 00:52:02,839
Speaker 17: I just generally disregard them. Actually, there's an interesting there's

1032
00:52:02,840 --> 00:52:05,840
Speaker 17: an interesting effect that they find. It's called the Pandora

1033
00:52:05,920 --> 00:52:08,360
Speaker 17: effect or the forbidden fruit effect that often when you

1034
00:52:08,400 --> 00:52:10,680
Speaker 17: put a trigger warning on, people tend to watch it

1035
00:52:10,719 --> 00:52:12,959
Speaker 17: even more because they go, all, there might be something

1036
00:52:13,040 --> 00:52:14,960
Speaker 17: juicy in here, and we better watch it. So it

1037
00:52:15,080 --> 00:52:17,400
Speaker 17: sometimes has the reverse effect that what you want it

1038
00:52:17,480 --> 00:52:17,680
Speaker 17: to do.

1039
00:52:17,880 --> 00:52:20,440
Speaker 3: Interesting stuff, Google, Thanks for talking us through, appreciated man.

1040
00:52:20,480 --> 00:52:23,840
Speaker 3: That's Google. Sutherland, clinical psychologist, it's coming up twenty one

1041
00:52:23,880 --> 00:52:26,000
Speaker 3: away from six The Huddle.

1042
00:52:26,000 --> 00:52:31,400
Speaker 2: With New Zealand Southerbeast International Realty exceptional marketing for every property.

1043
00:52:31,080 --> 00:52:32,680
Speaker 3: On the Huddle with Me This evening got Jack Tame,

1044
00:52:32,680 --> 00:52:34,480
Speaker 3: host of Saturday Mornings and Q and A and Mark

1045
00:52:34,520 --> 00:52:36,080
Speaker 3: Sainsbury broadcast, Hello you.

1046
00:52:36,040 --> 00:52:37,240
Speaker 16: Too, Kilder.

1047
00:52:38,680 --> 00:52:41,440
Speaker 3: Problem with the trigger warnings, Jack, is that it tells

1048
00:52:41,480 --> 00:52:43,239
Speaker 3: you what's going to happen in the movie, and then

1049
00:52:43,280 --> 00:52:45,000
Speaker 3: it basically ruins the story.

1050
00:52:45,760 --> 00:52:47,480
Speaker 16: I just don't know what's wrong with the Like the

1051
00:52:47,520 --> 00:52:49,600
Speaker 16: old rat or whatever. You just put that at the front,

1052
00:52:49,680 --> 00:52:51,720
Speaker 16: say this is Raten or this is them or whatever,

1053
00:52:51,760 --> 00:52:52,680
Speaker 16: and then you just move.

1054
00:52:52,520 --> 00:52:53,040
Speaker 2: On from there.

1055
00:52:53,120 --> 00:52:55,200
Speaker 16: I mean, I for one, have just never paid any

1056
00:52:55,239 --> 00:52:58,239
Speaker 16: attention to the trigger warnings whatsoever. Fortunately I'm not someone

1057
00:52:58,239 --> 00:53:00,960
Speaker 16: whobody has anything to be triggered. But you're quite right,

1058
00:53:01,480 --> 00:53:03,000
Speaker 16: like it kind of gives you a bit of a

1059
00:53:03,080 --> 00:53:04,960
Speaker 16: heads up. You know that there's going to be violence,

1060
00:53:05,040 --> 00:53:06,719
Speaker 16: you know they're going to be sexual scenes, you know

1061
00:53:06,719 --> 00:53:09,640
Speaker 16: they're going to be whatever else. And yeah, if the

1062
00:53:09,680 --> 00:53:13,120
Speaker 16: research suggests that actually these are having the exact opposite

1063
00:53:13,160 --> 00:53:16,160
Speaker 16: effect to what it was intended, I just don't understand

1064
00:53:16,160 --> 00:53:17,520
Speaker 16: why we are continuing.

1065
00:53:17,120 --> 00:53:19,600
Speaker 3: With it grinds my gears, saying though sometimes when you

1066
00:53:19,600 --> 00:53:21,680
Speaker 3: sit down to watch it and it will be really specific.

1067
00:53:21,760 --> 00:53:24,000
Speaker 3: It'll be like, there is a scene in this TV

1068
00:53:24,080 --> 00:53:26,799
Speaker 3: show where blah blah blah happens and you go, oh, no,

1069
00:53:27,040 --> 00:53:28,840
Speaker 3: he's going to do that to her? Now, I know,

1070
00:53:29,080 --> 00:53:31,160
Speaker 3: have you ever had that experience? It ruins the show.

1071
00:53:32,239 --> 00:53:33,760
Speaker 4: Look at a color. I totally agree.

1072
00:53:33,760 --> 00:53:35,919
Speaker 18: In fact, there's thing exactly the same thing that you're

1073
00:53:35,960 --> 00:53:36,399
Speaker 18: talking about.

1074
00:53:36,480 --> 00:53:36,719
Speaker 1: Jack.

1075
00:53:37,120 --> 00:53:39,759
Speaker 18: What's wrong with the R eighteen or the You know,

1076
00:53:39,800 --> 00:53:42,279
Speaker 18: there was a simple guide. You knew this one's got

1077
00:53:42,280 --> 00:53:44,040
Speaker 18: a got a stuff, and that you don't be watching

1078
00:53:44,040 --> 00:53:46,480
Speaker 18: it with your parents, you know.

1079
00:53:47,239 --> 00:53:49,040
Speaker 5: So it's just it's just.

1080
00:53:50,520 --> 00:53:52,239
Speaker 3: Jack and I are still at the stage where we're

1081
00:53:52,239 --> 00:53:53,680
Speaker 3: worried about our children more.

1082
00:53:55,040 --> 00:53:55,920
Speaker 19: Well, that's that's.

1083
00:53:55,800 --> 00:53:59,120
Speaker 16: A good point though, like to think about kids, right,

1084
00:53:59,200 --> 00:54:01,480
Speaker 16: Like so, say the stre services, it's probably a lot

1085
00:54:01,560 --> 00:54:04,640
Speaker 16: easier for kids to access stuff that's a bit Nahlia

1086
00:54:04,760 --> 00:54:06,480
Speaker 16: than we might have been able to access at four

1087
00:54:06,800 --> 00:54:08,640
Speaker 16: thirty in the afternoon back in the day if a

1088
00:54:08,719 --> 00:54:10,680
Speaker 16: parent isn't keeping an eye on them. But again, I

1089
00:54:10,760 --> 00:54:12,239
Speaker 16: just I just don't know why we can't just have

1090
00:54:12,320 --> 00:54:15,200
Speaker 16: like this is for mature audiences or something like that.

1091
00:54:15,440 --> 00:54:17,440
Speaker 16: Instead of getting into specific you.

1092
00:54:19,560 --> 00:54:21,480
Speaker 3: Know, like on the sky you can put a kiddylock

1093
00:54:21,520 --> 00:54:23,360
Speaker 3: on it so that the kids can't get into that stuff.

1094
00:54:23,440 --> 00:54:23,600
Speaker 4: Yeah.

1095
00:54:23,840 --> 00:54:26,600
Speaker 16: Yeah, but I like, what about the Netflix and the

1096
00:54:26,600 --> 00:54:29,439
Speaker 16: tvn Z class. I mean, look, we're in our house.

1097
00:54:29,440 --> 00:54:32,360
Speaker 16: We're about less regulation, not more heather, So you know

1098
00:54:32,680 --> 00:54:35,680
Speaker 16: we're pretty relatective eye.

1099
00:54:35,719 --> 00:54:37,960
Speaker 3: Are you like a free for all modern parents situation?

1100
00:54:38,200 --> 00:54:40,239
Speaker 16: No? No, not. But come back to me and seven

1101
00:54:40,360 --> 00:54:41,719
Speaker 16: or eight years when he's in his teens, and I

1102
00:54:41,760 --> 00:54:43,839
Speaker 16: might feel a little less cocky about it all.

1103
00:54:44,120 --> 00:54:46,000
Speaker 3: I reckon. I reckon, when he's in his teens, you're

1104
00:54:46,040 --> 00:54:49,319
Speaker 3: going to be full noise nazi parent you exact. Yeah,

1105
00:54:49,360 --> 00:54:51,239
Speaker 3: I reckon you will be. I reckon, you're going to

1106
00:54:51,280 --> 00:54:52,560
Speaker 3: be real tough on him.

1107
00:54:52,880 --> 00:54:55,480
Speaker 16: I'm pretty I'm already pretty strict. I'm a back basics

1108
00:54:55,560 --> 00:54:55,960
Speaker 16: kind of guy.

1109
00:54:56,160 --> 00:54:56,880
Speaker 17: This is why I'm.

1110
00:54:56,760 --> 00:54:58,960
Speaker 3: Saying that because I've heard tell because my producer told

1111
00:54:58,960 --> 00:55:00,640
Speaker 3: me that she overheard a Converse station one day and

1112
00:55:00,680 --> 00:55:03,320
Speaker 3: she was like, Jack can be tough, And I was like, no,

1113
00:55:03,440 --> 00:55:05,040
Speaker 3: we can't, but apparently you can.

1114
00:55:05,840 --> 00:55:08,800
Speaker 16: No. No, I'm super strict from way back I'm like

1115
00:55:08,880 --> 00:55:10,560
Speaker 16: sending them to Borstalre. You know, this is what we're

1116
00:55:10,560 --> 00:55:12,839
Speaker 16: going to you just you.

1117
00:55:12,960 --> 00:55:15,400
Speaker 18: Just wait, Jack, they've taken off the trigger warnings. Just

1118
00:55:15,400 --> 00:55:19,680
Speaker 18: sitting down and watch a movie.

1119
00:55:18,719 --> 00:55:20,680
Speaker 16: And it's all of a sudden, it's all.

1120
00:55:21,719 --> 00:55:22,880
Speaker 3: How are you gonna explain yourself?

1121
00:55:22,920 --> 00:55:23,080
Speaker 4: Then?

1122
00:55:23,280 --> 00:55:25,480
Speaker 3: Hey, sin So do you reckon that the Commerce Commission?

1123
00:55:25,520 --> 00:55:27,320
Speaker 3: Do you have confidence that they can actually solve the

1124
00:55:27,360 --> 00:55:28,320
Speaker 3: supermarket problem?

1125
00:55:29,040 --> 00:55:31,319
Speaker 18: Well, look, I heard what you said before. I mean

1126
00:55:31,400 --> 00:55:33,400
Speaker 18: how long have we waited? We know it's a problem.

1127
00:55:33,480 --> 00:55:35,759
Speaker 18: I mean, we don't need to be told over and

1128
00:55:35,800 --> 00:55:39,279
Speaker 18: over again it's a problem. Do something, you know, and

1129
00:55:39,320 --> 00:55:41,360
Speaker 18: you look at this report. They've come back and said,

1130
00:55:41,840 --> 00:55:44,960
Speaker 18: you know, competition is working. All those things that they

1131
00:55:45,040 --> 00:55:47,320
Speaker 18: said was going to happen, but at the moment, I

1132
00:55:47,400 --> 00:55:50,600
Speaker 18: mean it's the competition is marginal. You need to get

1133
00:55:50,719 --> 00:55:53,640
Speaker 18: serious competition in there. And yeah, look they're going to

1134
00:55:53,719 --> 00:55:55,600
Speaker 18: just get in there and do something. And especially when

1135
00:55:55,640 --> 00:55:56,000
Speaker 18: you look at.

1136
00:55:55,920 --> 00:55:58,000
Speaker 16: Those profit margins compared to overseas.

1137
00:55:58,239 --> 00:56:01,880
Speaker 18: You know, we always oh, I mean look our business

1138
00:56:01,880 --> 00:56:03,879
Speaker 18: and a lot of them, you know, like with some

1139
00:56:03,920 --> 00:56:06,640
Speaker 18: food stuff, they're all individually owned, are entitled to make

1140
00:56:06,640 --> 00:56:07,040
Speaker 18: a living.

1141
00:56:07,080 --> 00:56:07,920
Speaker 17: That's what they're there for.

1142
00:56:08,520 --> 00:56:11,200
Speaker 16: But you know, they've got us by the nuts.

1143
00:56:12,200 --> 00:56:13,960
Speaker 3: Jack, They really do, don't they.

1144
00:56:14,520 --> 00:56:17,760
Speaker 16: Yeah, there are a couple of little figures that really

1145
00:56:17,800 --> 00:56:19,880
Speaker 16: stood out to me in that kind of excimmission report.

1146
00:56:19,960 --> 00:56:23,480
Speaker 16: So the first was that at prices have increased at

1147
00:56:23,600 --> 00:56:27,520
Speaker 16: greater the rate than the big supermarket companies have been

1148
00:56:27,520 --> 00:56:30,920
Speaker 16: paying their supplies. So that's the first concerning thing. The

1149
00:56:30,960 --> 00:56:34,040
Speaker 16: second was that they're sitting on a hundred significant properties

1150
00:56:34,560 --> 00:56:38,600
Speaker 16: one hundred significant land banked property of properties around New

1151
00:56:38,680 --> 00:56:42,520
Speaker 16: Zealand for future supermarket developments. I had no I knew

1152
00:56:42,520 --> 00:56:44,279
Speaker 16: that they were sitting on some property. I had no

1153
00:56:44,400 --> 00:56:48,160
Speaker 16: idea it was that significant. And you know, unless you

1154
00:56:48,200 --> 00:56:52,279
Speaker 16: are able to seriously intervene, I just don't know how

1155
00:56:52,280 --> 00:56:55,719
Speaker 16: We're not going to continue repeating ourselves. And I don't

1156
00:56:55,719 --> 00:56:58,640
Speaker 16: think the threat of a ten million dollar fine is

1157
00:56:58,680 --> 00:57:01,000
Speaker 16: going to be a major concern those companies for now.

1158
00:57:01,239 --> 00:57:01,359
Speaker 13: Now.

1159
00:57:01,560 --> 00:57:04,080
Speaker 3: The significance of those properties, Jack, obviously, is that stops

1160
00:57:04,080 --> 00:57:06,920
Speaker 3: competitors from being able to get those properties therefore set

1161
00:57:07,000 --> 00:57:10,080
Speaker 3: up a supermarket that would actually threaten right, Yeah.

1162
00:57:09,880 --> 00:57:12,640
Speaker 16: Yeah exactly, which is which I mean, which is to

1163
00:57:12,680 --> 00:57:14,960
Speaker 16: my point, like, unless we're able to like I had

1164
00:57:14,960 --> 00:57:17,280
Speaker 16: no idea that they had quite that many properties. And

1165
00:57:17,560 --> 00:57:19,320
Speaker 16: unless we are able to break it up somehow, I'm

1166
00:57:19,320 --> 00:57:20,280
Speaker 16: not suggesting.

1167
00:57:19,840 --> 00:57:22,480
Speaker 19: We can pulsorately acquire them or anything like that, but

1168
00:57:22,520 --> 00:57:24,960
Speaker 19: you can you can see the depths to which they

1169
00:57:25,000 --> 00:57:28,040
Speaker 19: have protected their You know that they appear to have

1170
00:57:28,080 --> 00:57:32,080
Speaker 19: protected their industry and protected their patch, and certainly you

1171
00:57:32,120 --> 00:57:34,640
Speaker 19: know it's going to take some unpicking to try and

1172
00:57:34,880 --> 00:57:36,560
Speaker 19: to try and get those prices more competitive.

1173
00:57:36,640 --> 00:57:39,320
Speaker 3: Yeah, judging by the judging by the tone sayings of

1174
00:57:39,360 --> 00:57:41,520
Speaker 3: the texts that I'm getting about the grocery commissioner, there's

1175
00:57:41,520 --> 00:57:43,200
Speaker 3: a real vibe out there that he needs to do

1176
00:57:43,240 --> 00:57:45,560
Speaker 3: something or bugger off a I feel like his reputations

1177
00:57:45,600 --> 00:57:46,440
Speaker 3: on the line on this one.

1178
00:57:47,640 --> 00:57:49,120
Speaker 18: Well yeah, I mean it was a big call when

1179
00:57:49,160 --> 00:57:51,960
Speaker 18: they brought them in many huge background. I mean, he's

1180
00:57:52,040 --> 00:57:55,080
Speaker 18: no mug, but you know you bringing you bring in

1181
00:57:55,200 --> 00:57:56,640
Speaker 18: these commissioners for a purpose.

1182
00:57:56,800 --> 00:57:59,200
Speaker 1: Yeah, So get busy.

1183
00:57:59,040 --> 00:58:00,800
Speaker 3: Yeah too, right, Okay, will take a break, come back

1184
00:58:00,880 --> 00:58:01,800
Speaker 3: very shortly quarter.

1185
00:58:01,680 --> 00:58:07,080
Speaker 2: Two The Huddle with New Zealand Southeby's International Realty Unparalleled

1186
00:58:07,080 --> 00:58:08,160
Speaker 2: reach and results.

1187
00:58:08,240 --> 00:58:10,520
Speaker 3: Back with the Huddle, Jack Tay and the Mark Sainsbury sayings, So,

1188
00:58:10,840 --> 00:58:12,320
Speaker 3: do you think the young couple who found the two

1189
00:58:12,400 --> 00:58:14,480
Speaker 3: hundred and thirty thousand dollars in their ceiling should be

1190
00:58:14,480 --> 00:58:15,160
Speaker 3: able to keep it?

1191
00:58:16,200 --> 00:58:16,439
Speaker 17: Yes?

1192
00:58:17,120 --> 00:58:22,760
Speaker 18: Yes, why because it's Look, they're obty not drug dealers.

1193
00:58:23,840 --> 00:58:25,600
Speaker 18: They brought this in because they had so much sort

1194
00:58:25,600 --> 00:58:28,280
Speaker 18: of trouble trying to you know, mop up all these

1195
00:58:28,280 --> 00:58:32,160
Speaker 18: sort of illicit gains. They bought the house in good faith,

1196
00:58:32,320 --> 00:58:33,880
Speaker 18: they find the money in there, and no one can

1197
00:58:33,880 --> 00:58:35,840
Speaker 18: actually track down who possibly.

1198
00:58:35,520 --> 00:58:36,120
Speaker 17: Left it there.

1199
00:58:37,000 --> 00:58:39,200
Speaker 19: I just liked that, you think, Yeah, I think good

1200
00:58:39,240 --> 00:58:39,480
Speaker 19: on you.

1201
00:58:39,720 --> 00:58:41,640
Speaker 7: It's a bonus. Let them keep the money.

1202
00:58:41,720 --> 00:58:43,160
Speaker 3: Yeah, they're not the ones who did anything wrong.

1203
00:58:43,200 --> 00:58:46,080
Speaker 16: What do you reckon, Jack, I reckon they should be

1204
00:58:46,160 --> 00:58:48,440
Speaker 16: allowed to keep some of it. Now stick with me

1205
00:58:48,480 --> 00:58:51,280
Speaker 16: on this theory. I think we need to encourage people

1206
00:58:51,320 --> 00:58:53,439
Speaker 16: to hand in big sums of money when it comes,

1207
00:58:53,440 --> 00:58:56,320
Speaker 16: you know, when they're discovered by like this, because it's

1208
00:58:56,360 --> 00:58:59,800
Speaker 16: actually in the interests of their safety. So, like, if

1209
00:58:59,800 --> 00:59:01,840
Speaker 16: the police were to say, we're going to give this

1210
00:59:01,920 --> 00:59:05,960
Speaker 16: couple some of that money, then if whoever left that

1211
00:59:06,000 --> 00:59:08,880
Speaker 16: money there in the first place comes back looking for it,

1212
00:59:09,360 --> 00:59:11,920
Speaker 16: and they came and confronted the couple, the couple can

1213
00:59:12,000 --> 00:59:14,520
Speaker 16: quite reasonably say well, we didn't get to keep the money.

1214
00:59:14,600 --> 00:59:16,000
Speaker 16: We just had to give it back to the police,

1215
00:59:16,080 --> 00:59:18,040
Speaker 16: and let that's and let's you know that that would

1216
00:59:18,040 --> 00:59:20,520
Speaker 16: be that. But if they if the police announced that

1217
00:59:20,520 --> 00:59:22,960
Speaker 16: the couple are keeping all of the money, then I

1218
00:59:23,000 --> 00:59:26,520
Speaker 16: think that puts them on. And if they say they're

1219
00:59:26,520 --> 00:59:28,919
Speaker 16: giving them none of the money, then I think that

1220
00:59:29,200 --> 00:59:30,840
Speaker 16: disincentivises them from handing it.

1221
00:59:31,040 --> 00:59:33,200
Speaker 3: Okay, but let's just say it's the monkeys, which is

1222
00:59:33,240 --> 00:59:37,720
Speaker 3: the most likely even if it maybe it's the monkeys, okay,

1223
00:59:37,800 --> 00:59:38,840
Speaker 3: who put the money there?

1224
00:59:39,360 --> 00:59:40,560
Speaker 1: So I reckon it could.

1225
00:59:40,360 --> 00:59:43,120
Speaker 16: Be worse than the monkeys, Like I reckon there are

1226
00:59:43,480 --> 00:59:43,960
Speaker 16: But did.

1227
00:59:43,800 --> 00:59:45,480
Speaker 3: You read the story. The cops said that there was

1228
00:59:45,480 --> 00:59:47,240
Speaker 3: a beneficiary of the trust who have connections to the

1229
00:59:47,280 --> 00:59:49,520
Speaker 3: mungrel mobs. So that seems like that's the only connection. Okay,

1230
00:59:49,520 --> 00:59:50,920
Speaker 3: So let's say it's the monkeys. But let's say it's

1231
00:59:50,920 --> 00:59:55,360
Speaker 3: somebody and denied. Yeah, oh yeah, sorry, thank you for something,

1232
00:59:55,520 --> 00:59:59,480
Speaker 3: thanks for covering use off a no, no, not not

1233
00:59:59,560 --> 01:00:03,400
Speaker 3: no any more or anyway. So jack, let's say that

1234
01:00:03,440 --> 01:00:05,160
Speaker 3: we get we say to the young couple, you can

1235
01:00:05,240 --> 01:00:07,200
Speaker 3: keep fifty k for yourself, right. You don't think the

1236
01:00:07,240 --> 01:00:09,919
Speaker 3: Moneys are going to go look for that fifty k No, no, no.

1237
01:00:09,800 --> 01:00:12,760
Speaker 16: Because police don't publicize it. So I think the police

1238
01:00:12,760 --> 01:00:15,520
Speaker 16: say that, they say we will give we will give

1239
01:00:15,560 --> 01:00:18,240
Speaker 16: them a reward to thank them for their honesty. And

1240
01:00:18,280 --> 01:00:20,600
Speaker 16: then and then if the couple is confronted by the

1241
01:00:20,640 --> 01:00:22,800
Speaker 16: Moneys in the future, they can say, oh, the police

1242
01:00:22,800 --> 01:00:25,360
Speaker 16: gave us two grand, as opposed to saying oh, the

1243
01:00:25,360 --> 01:00:28,600
Speaker 16: police gave us one hundred grand. I think by saying yes,

1244
01:00:28,920 --> 01:00:30,800
Speaker 16: you get to keep all of the money, then that

1245
01:00:30,840 --> 01:00:32,920
Speaker 16: puts them at risk. By saying no, you keep none

1246
01:00:32,960 --> 01:00:35,240
Speaker 16: of the money, then that disincentivizes people in the future

1247
01:00:35,240 --> 01:00:37,720
Speaker 16: from handing it in. By saying we'll give you some

1248
01:00:37,920 --> 01:00:40,840
Speaker 16: of it and not announcing exactly how much they're going

1249
01:00:40,880 --> 01:00:43,720
Speaker 16: to give them, that both makes them safer angers them

1250
01:00:43,720 --> 01:00:44,120
Speaker 16: in the center.

1251
01:00:44,280 --> 01:00:46,360
Speaker 3: We see, okay, sayin so I reckon, I reckon, I

1252
01:00:46,360 --> 01:00:48,520
Speaker 3: love where Jack's going the but here's one hundred percent wrong.

1253
01:00:48,600 --> 01:00:50,880
Speaker 3: You give them anything, and you announce that anything is

1254
01:00:50,920 --> 01:00:52,760
Speaker 3: given to them, the Muneies turn up. What do you

1255
01:00:52,800 --> 01:00:54,640
Speaker 3: think you just got to take the money and run

1256
01:00:54,680 --> 01:00:55,320
Speaker 3: to Australia.

1257
01:00:55,960 --> 01:01:00,080
Speaker 16: Well, they're going to turn up and want this drug money.

1258
01:01:00,480 --> 01:01:03,560
Speaker 18: It might be a little bit of respect matter that's

1259
01:01:03,720 --> 01:01:05,400
Speaker 18: set there for so long.

1260
01:01:05,640 --> 01:01:08,040
Speaker 3: Yeah, could have just been an old lady saying so,

1261
01:01:08,120 --> 01:01:10,320
Speaker 3: couldn't it? Who just got weird and put it up

1262
01:01:10,320 --> 01:01:10,840
Speaker 3: in the ceiling?

1263
01:01:11,680 --> 01:01:12,000
Speaker 1: Yeah?

1264
01:01:12,040 --> 01:01:15,160
Speaker 18: And what and you forgot? I mean, I know you

1265
01:01:15,520 --> 01:01:18,000
Speaker 18: and Barry like that bundles of cash around the house.

1266
01:01:18,080 --> 01:01:19,760
Speaker 3: You forget what you do where he puts all the

1267
01:01:19,800 --> 01:01:21,080
Speaker 3: money in the ceiling all the time?

1268
01:01:22,320 --> 01:01:24,760
Speaker 18: Ordinary people like Jack and I we just never see

1269
01:01:24,800 --> 01:01:25,560
Speaker 18: something like that.

1270
01:01:26,720 --> 01:01:32,360
Speaker 3: Can you forget it because you're old? It's because you're old? Now, Jack,

1271
01:01:32,360 --> 01:01:34,560
Speaker 3: what do you make of aut launching a tate a paper?

1272
01:01:35,560 --> 01:01:37,960
Speaker 16: I'm into it, And here's the reason. Not because I

1273
01:01:38,000 --> 01:01:40,920
Speaker 16: want to study, not because I want to study Taylor Swift,

1274
01:01:41,160 --> 01:01:44,439
Speaker 16: but because this is a communications paper. And look, I'm

1275
01:01:44,440 --> 01:01:46,280
Speaker 16: the first to bang on universities and say they're not

1276
01:01:46,320 --> 01:01:48,440
Speaker 16: preparing a young people for the future properly with skills

1277
01:01:48,480 --> 01:01:50,400
Speaker 16: that are actually getting the job. But if there is

1278
01:01:50,400 --> 01:01:53,560
Speaker 16: one industry that is doing extremely well in our modern society,

1279
01:01:53,760 --> 01:01:56,240
Speaker 16: it is communications. And who can deny that Taylor Swift

1280
01:01:56,240 --> 01:01:58,520
Speaker 16: isn't a communications master. So you know what, if you

1281
01:01:58,560 --> 01:02:00,280
Speaker 16: want to enter that industry. You want to get a

1282
01:02:00,320 --> 01:02:03,880
Speaker 16: relatively good salary and years to come. Communications, if the

1283
01:02:03,920 --> 01:02:05,800
Speaker 16: last decade or two is anything to go by, is

1284
01:02:05,800 --> 01:02:06,520
Speaker 16: a great place to be.

1285
01:02:06,640 --> 01:02:07,040
Speaker 20: So why not.

1286
01:02:07,320 --> 01:02:08,720
Speaker 3: Yeah, I don't have a problem with it. What about

1287
01:02:08,720 --> 01:02:09,240
Speaker 3: you say, Zoe?

1288
01:02:09,800 --> 01:02:11,640
Speaker 18: Yeah, no, Look I think I think it's great. I mean,

1289
01:02:11,640 --> 01:02:15,000
Speaker 18: we've had courses on the Beatles. There was a course

1290
01:02:15,040 --> 01:02:17,520
Speaker 18: someone did their doctorate on the Dunedin Sound. You know,

1291
01:02:17,680 --> 01:02:20,919
Speaker 18: there's there's there's all sorts of legitimate reasons, but she's

1292
01:02:20,960 --> 01:02:25,080
Speaker 18: an ablute phenomenon. And as Jack says, it's about the communications.

1293
01:02:25,120 --> 01:02:28,520
Speaker 18: How does the most successful artist on the planet, you.

1294
01:02:28,480 --> 01:02:29,600
Speaker 4: Know, communicate?

1295
01:02:29,840 --> 01:02:32,000
Speaker 1: Yeah too, there's all sorts of lessons in there.

1296
01:02:32,080 --> 01:02:32,560
Speaker 4: Good on them.

1297
01:02:32,640 --> 01:02:34,400
Speaker 3: Yeah, Hey, guys, thank you, really appreciate it. Go and

1298
01:02:34,480 --> 01:02:36,560
Speaker 3: enjoy the evening. That's Jack Tame, host of Saturday morn

1299
01:02:36,560 --> 01:02:38,480
Speaker 3: who's a Q and a Mark Sainsbury broadcast. I'll tell

1300
01:02:38,480 --> 01:02:42,040
Speaker 3: you what, if you are upset about a Tata paper,

1301
01:02:42,120 --> 01:02:44,760
Speaker 3: you should see the money that we give as a

1302
01:02:44,800 --> 01:02:48,560
Speaker 3: country to some of the people and the stupid stuff

1303
01:02:48,560 --> 01:02:50,959
Speaker 3: that they study, and you'll go, oh, Aja, paper actually

1304
01:02:51,000 --> 01:02:53,880
Speaker 3: sounds quite good in contrast to studying. I don't know

1305
01:02:55,040 --> 01:02:57,040
Speaker 3: I can't even begin to tell you. But the one,

1306
01:02:57,080 --> 01:02:59,800
Speaker 3: the one, the one of one of the examples was

1307
01:03:00,160 --> 01:03:02,760
Speaker 3: employer provided houses. And whether that makes you like your

1308
01:03:02,760 --> 01:03:05,680
Speaker 3: house more or less? I mean, come on light away

1309
01:03:05,680 --> 01:03:07,240
Speaker 3: from six, on.

1310
01:03:07,400 --> 01:03:10,040
Speaker 2: Your smart speaker, on the iHeart app, and in your

1311
01:03:10,080 --> 01:03:10,640
Speaker 2: car on.

1312
01:03:10,560 --> 01:03:11,320
Speaker 1: Your drive home.

1313
01:03:11,640 --> 01:03:16,000
Speaker 2: Heather Duplice allan drive with one New Zealand one giant

1314
01:03:16,120 --> 01:03:18,360
Speaker 2: Leap for business news talk as zi Be.

1315
01:03:19,160 --> 01:03:22,160
Speaker 3: Hither the money was shrink wrapped enough said, I mean, yeah,

1316
01:03:22,320 --> 01:03:24,840
Speaker 3: Leo's right, is probably more likely to be the mongrel

1317
01:03:24,880 --> 01:03:26,880
Speaker 3: mob that well, even for the mungrel mob, that's quite

1318
01:03:26,880 --> 01:03:30,200
Speaker 3: sophisticated shrink wrapping. To be honest, it's not an old lady,

1319
01:03:30,280 --> 01:03:32,960
Speaker 3: is it. Hither how about a warning like this is

1320
01:03:32,960 --> 01:03:35,960
Speaker 3: a woke movie attempt? Heather Studios use the trigger warnings

1321
01:03:35,960 --> 01:03:38,320
Speaker 3: as a defense against spurious lawsuits from people claiming that

1322
01:03:38,320 --> 01:03:40,720
Speaker 3: they were harmed by watching something. Strobe lighting warnings for

1323
01:03:40,760 --> 01:03:43,640
Speaker 3: epilepsy or warranted the rest and nonsense. Hither, my major

1324
01:03:43,680 --> 01:03:45,560
Speaker 3: trigger is Jacinda. I wish they would rate her on

1325
01:03:46,120 --> 01:03:47,440
Speaker 3: one hundred. And I'll tell you what. There are a

1326
01:03:47,480 --> 01:03:49,400
Speaker 3: few people saying that they need trigger warnings for j

1327
01:03:49,440 --> 01:03:52,440
Speaker 3: Cinder and that's not you being mean. I understand that

1328
01:03:52,520 --> 01:03:55,400
Speaker 3: as we've been through a difficult time and it is

1329
01:03:55,440 --> 01:03:57,400
Speaker 3: a reminder of that time that we would like to forget.

1330
01:03:57,440 --> 01:04:00,720
Speaker 3: So I understand that, and I hear what you're saying now,

1331
01:04:01,040 --> 01:04:04,080
Speaker 3: very very interesting play from Meta. These are the guys

1332
01:04:04,080 --> 01:04:07,600
Speaker 3: who own Facebook and Instagram today on how to get

1333
01:04:07,680 --> 01:04:09,720
Speaker 3: kids off the social media apps, which has been a

1334
01:04:09,720 --> 01:04:13,040
Speaker 3: point of discussion around the world in recent months. Right,

1335
01:04:13,080 --> 01:04:15,880
Speaker 3: it's become very very heated about what we do about

1336
01:04:15,880 --> 01:04:17,520
Speaker 3: the kids getting onto the social media apps and all

1337
01:04:17,520 --> 01:04:19,960
Speaker 3: the bad stuff it causes, like eating disorders and anxiety

1338
01:04:20,000 --> 01:04:23,320
Speaker 3: and all the kind of stuff. These guys Meta are

1339
01:04:23,360 --> 01:04:26,080
Speaker 3: going to go to the Aussie government. They've got a

1340
01:04:26,120 --> 01:04:29,040
Speaker 3: hearing in Canberra later on today if it hasn't already happened,

1341
01:04:29,080 --> 01:04:31,440
Speaker 3: and Meta's VP and global head of Safety is going

1342
01:04:31,480 --> 01:04:33,560
Speaker 3: to be appearing, and they're going to tell the Aussie

1343
01:04:33,560 --> 01:04:36,040
Speaker 3: government how you get the kiddies off the social media apps,

1344
01:04:36,240 --> 01:04:39,840
Speaker 3: and basically from it's not by stopping the kids from

1345
01:04:39,880 --> 01:04:42,680
Speaker 3: being able to create a Facebook account or create an

1346
01:04:42,680 --> 01:04:46,120
Speaker 3: Instagram account. It's actually done by stopping the kids from

1347
01:04:46,160 --> 01:04:50,360
Speaker 3: downloading the app at all, like altogether. So what they're

1348
01:04:50,360 --> 01:04:51,760
Speaker 3: going to say to Ozzie's is that the way to

1349
01:04:51,840 --> 01:04:54,680
Speaker 3: do it is that when the parents get a teenager

1350
01:04:55,000 --> 01:04:57,520
Speaker 3: under sixteen a phone and you know, log it in,

1351
01:04:57,560 --> 01:04:59,160
Speaker 3: You've got to do that whole logging in process and

1352
01:04:59,160 --> 01:05:01,320
Speaker 3: stuff like. Then when they verify the age, and they

1353
01:05:01,400 --> 01:05:03,200
Speaker 3: verify the age as being what the real age is,

1354
01:05:03,200 --> 01:05:06,800
Speaker 3: which is under sixteen, and what should then happen is

1355
01:05:06,800 --> 01:05:09,320
Speaker 3: that the app store that the child then uses on

1356
01:05:09,360 --> 01:05:11,720
Speaker 3: their phone to be able to download whatever apps they

1357
01:05:11,760 --> 01:05:14,760
Speaker 3: want to be able to buy, whether it's The Herald

1358
01:05:14,880 --> 01:05:19,080
Speaker 3: or Facebook or Instagram or whatever. The app store automatically

1359
01:05:19,120 --> 01:05:22,560
Speaker 3: notifies the parents, Hey, Johnny wants to download an app.

1360
01:05:22,640 --> 01:05:26,320
Speaker 3: The app is Facebook, and the parents have got to

1361
01:05:26,360 --> 01:05:29,440
Speaker 3: say yes or no before that app is downloaded. And

1362
01:05:29,600 --> 01:05:32,440
Speaker 3: in order for that to happen, Australia would have to

1363
01:05:32,480 --> 01:05:35,320
Speaker 3: pass a law that would force the app stores to

1364
01:05:35,440 --> 01:05:38,560
Speaker 3: do that. The app stores would be obviously Apple and

1365
01:05:38,600 --> 01:05:40,840
Speaker 3: Google who run the app stores. Now I'm not entirely

1366
01:05:40,880 --> 01:05:42,400
Speaker 3: sure if Apple and Google are going to be on

1367
01:05:42,440 --> 01:05:44,640
Speaker 3: board with this, and they probably see this as meta

1368
01:05:44,680 --> 01:05:46,280
Speaker 3: passing the buck rather than having to deal with the

1369
01:05:46,280 --> 01:05:49,520
Speaker 3: problem themselves, passing it on to Apple and Google. But

1370
01:05:49,560 --> 01:05:51,480
Speaker 3: it does seem to be a reasonably smart way of

1371
01:05:51,520 --> 01:05:55,360
Speaker 3: doing it right so that the kids, i mean possibly

1372
01:05:55,720 --> 01:05:59,160
Speaker 3: the little blighters would find their way around, you know,

1373
01:05:59,240 --> 01:06:01,760
Speaker 3: dab dah dab da fat. But thetanon then and do

1374
01:06:01,800 --> 01:06:03,919
Speaker 3: it like that and just be annoying little brats who knows,

1375
01:06:03,960 --> 01:06:06,200
Speaker 3: who knows, But maybe that is the way to do it.

1376
01:06:06,240 --> 01:06:08,400
Speaker 3: Is that it simply cannot even get that app on

1377
01:06:08,440 --> 01:06:10,960
Speaker 3: their phone in the first place. Therefore you don't have

1378
01:06:11,000 --> 01:06:12,760
Speaker 3: a problem. So anyway, we'll see how that goes with

1379
01:06:12,760 --> 01:06:15,440
Speaker 3: the Aussies, because the Aussies are much more hard out

1380
01:06:15,480 --> 01:06:17,439
Speaker 3: on this stuff than we are. A They're going hard

1381
01:06:17,440 --> 01:06:19,880
Speaker 3: on this. We're going to talk to the minister in

1382
01:06:19,960 --> 01:06:23,200
Speaker 3: charge of fixing the supermarkets next. Andrew Bailey News talksb

1383
01:06:23,400 --> 01:06:28,640
Speaker 3: O News.

1384
01:06:30,040 --> 01:06:31,960
Speaker 1: What's what's down on them?

1385
01:06:32,240 --> 01:06:34,880
Speaker 2: What were the major calls and how will it affect

1386
01:06:34,880 --> 01:06:38,600
Speaker 2: the economy? The Big business questions on the Business Hour

1387
01:06:38,800 --> 01:06:42,840
Speaker 2: with the Duplicylen and my hr on News Talks mb.

1388
01:06:44,400 --> 01:06:46,720
Speaker 3: People in coming up in the next hour asb on

1389
01:06:46,800 --> 01:06:50,120
Speaker 3: why Herewies aren't expecting an upticking house prices anytime soon

1390
01:06:50,120 --> 01:06:53,520
Speaker 3: despite the OCR coming down. Milfit Asset Management on why Nike,

1391
01:06:53,600 --> 01:06:56,520
Speaker 3: Lululemon and Starbucks are having a tough time on the markets,

1392
01:06:56,880 --> 01:06:59,520
Speaker 3: and genative training on why our banks are now holding

1393
01:06:59,560 --> 01:07:02,560
Speaker 3: a reck amount of money in term deposits. It's seven

1394
01:07:02,640 --> 01:07:05,760
Speaker 3: pass six now. The Commerce Commission has reported that we

1395
01:07:05,800 --> 01:07:08,560
Speaker 3: are still getting ripped off at the supermarket Grocery Commission

1396
01:07:08,560 --> 01:07:11,120
Speaker 3: of piavanhad And told us earlier that the ComCom is

1397
01:07:11,160 --> 01:07:13,400
Speaker 3: trying to tighten up the rules to stop the duopoly

1398
01:07:13,440 --> 01:07:14,200
Speaker 3: from ruling us.

1399
01:07:14,920 --> 01:07:17,200
Speaker 14: There's no one silver bullet, so we've got to use

1400
01:07:17,240 --> 01:07:21,160
Speaker 14: all of these different tools to their maximum effect to

1401
01:07:21,280 --> 01:07:22,360
Speaker 14: try and get change.

1402
01:07:22,440 --> 01:07:23,920
Speaker 7: Within the end, you.

1403
01:07:24,000 --> 01:07:26,160
Speaker 3: Might need the help of the Commerce and Consumer Affairs

1404
01:07:26,200 --> 01:07:28,400
Speaker 3: Minister Andrew Bailey Andrew Hallow.

1405
01:07:29,000 --> 01:07:29,960
Speaker 21: Good afternoon.

1406
01:07:30,000 --> 01:07:31,000
Speaker 3: What are you going to do about it?

1407
01:07:31,680 --> 01:07:34,480
Speaker 21: Well, obviously there are a number of recommendations that the

1408
01:07:34,520 --> 01:07:36,960
Speaker 21: Commissioner can do on his own, and he should be

1409
01:07:36,960 --> 01:07:38,400
Speaker 21: doing that, and I'll be urging him to do it

1410
01:07:38,400 --> 01:07:42,439
Speaker 21: as quickly as possible. From a government perspective, there's two

1411
01:07:42,600 --> 01:07:46,080
Speaker 21: sort of key areas. One is about allowing overseas investment

1412
01:07:46,160 --> 01:07:48,040
Speaker 21: to happen more easily in New Zealand's one of the

1413
01:07:48,080 --> 01:07:52,160
Speaker 21: most restricted places in the world. But Secondly, how we

1414
01:07:52,200 --> 01:07:54,840
Speaker 21: can deal with some of the planning rules. So those

1415
01:07:54,840 --> 01:07:57,240
Speaker 21: two pieces of the work are already underway at a

1416
01:07:57,280 --> 01:08:00,560
Speaker 21: government level, but really most of this sits with a commissioner,

1417
01:08:00,600 --> 01:08:03,439
Speaker 21: and I'll be urging him and the commission to get

1418
01:08:03,480 --> 01:08:04,640
Speaker 21: on with it and make it happen.

1419
01:08:04,920 --> 01:08:08,880
Speaker 3: Are do we have overseas like possible competitors from overseas

1420
01:08:08,880 --> 01:08:11,680
Speaker 3: who are saying the overseas investment rules are keeping them out.

1421
01:08:12,000 --> 01:08:15,280
Speaker 21: Not specifically on supermarkets, because we simply don't have.

1422
01:08:15,280 --> 01:08:17,280
Speaker 3: People like what are the guys like Oldie saying to

1423
01:08:17,320 --> 01:08:18,639
Speaker 3: you about why they're not coming here?

1424
01:08:19,400 --> 01:08:22,040
Speaker 21: I did speak to Oldie, but they just don't see

1425
01:08:22,040 --> 01:08:23,800
Speaker 21: it as a market they wanted to go into. They'd

1426
01:08:23,880 --> 01:08:27,200
Speaker 21: rather pursue, for instance, Australia grow their market share there.

1427
01:08:27,240 --> 01:08:28,680
Speaker 3: Why not? Why are they interested in us?

1428
01:08:28,720 --> 01:08:32,439
Speaker 21: Oh it's a small, diversified you know, very difficult to

1429
01:08:32,560 --> 01:08:36,320
Speaker 21: enter small market basically, And obviously people are talking about

1430
01:08:36,360 --> 01:08:39,519
Speaker 21: other players. I've been talking to one or two other

1431
01:08:39,520 --> 01:08:42,040
Speaker 21: players that possibly could come into New Zealand. But right

1432
01:08:42,080 --> 01:08:43,800
Speaker 21: now I couldn't put my hand on my heart and

1433
01:08:43,800 --> 01:08:45,439
Speaker 21: say there are lots of people lining up.

1434
01:08:45,560 --> 01:08:47,680
Speaker 3: So the solution is really already in country it's a

1435
01:08:47,720 --> 01:08:48,960
Speaker 3: warehouse or something like that.

1436
01:08:49,040 --> 01:08:51,280
Speaker 21: Yeah, I think, And that's a really important point hither,

1437
01:08:51,479 --> 01:08:55,400
Speaker 21: because all strategies and business start with look after your

1438
01:08:55,400 --> 01:08:59,000
Speaker 21: customer first, and our current customers are people like the

1439
01:08:59,040 --> 01:09:02,920
Speaker 21: warehouse Costco night and day. We need to make sure

1440
01:09:03,000 --> 01:09:06,040
Speaker 21: that they can compete as robustly as possible, and right

1441
01:09:06,120 --> 01:09:09,240
Speaker 21: now they can't. They've got they can't get access the

1442
01:09:09,280 --> 01:09:12,720
Speaker 21: wholesale supplier of produce, which they should be able to

1443
01:09:12,960 --> 01:09:16,040
Speaker 21: at the same price that the supermarkets currently enjoy. So

1444
01:09:16,320 --> 01:09:18,920
Speaker 21: that part of the report from the Commissioner I certainly

1445
01:09:19,160 --> 01:09:20,200
Speaker 21: endorsed and support.

1446
01:09:20,439 --> 01:09:22,760
Speaker 3: Okay, So he says this is pir van head and

1447
01:09:22,840 --> 01:09:24,679
Speaker 3: he says he wants to do a section fifty six

1448
01:09:24,720 --> 01:09:27,800
Speaker 3: inquiry and he wants you to give him permission to

1449
01:09:27,960 --> 01:09:31,360
Speaker 3: force the whole the supermarkets to wholesale to their competitors

1450
01:09:31,360 --> 01:09:33,519
Speaker 3: at the same level the wholesale to each other to themselves.

1451
01:09:33,520 --> 01:09:34,240
Speaker 3: Would you allow that.

1452
01:09:34,760 --> 01:09:37,120
Speaker 21: Well, he's got to do Section fifty six and that

1453
01:09:37,280 --> 01:09:42,280
Speaker 21: unlocks those backstop powers, so that's easy. He's identified a

1454
01:09:42,320 --> 01:09:45,759
Speaker 21: couple of the specific issues. One is the opt out provisions.

1455
01:09:45,840 --> 01:09:49,200
Speaker 21: So a number of multinationals, by way of example, have

1456
01:09:49,360 --> 01:09:53,519
Speaker 21: opted out of supplier agreements with the supermarkets, which means

1457
01:09:53,560 --> 01:09:56,479
Speaker 21: that a new competitive I'll give you example five Foo

1458
01:09:56,560 --> 01:10:00,519
Speaker 21: and Hamilton new operator there is having trouble get access

1459
01:10:00,520 --> 01:10:03,560
Speaker 21: to toilet paper, which is a key requirement for a supermarket.

1460
01:10:03,680 --> 01:10:06,720
Speaker 21: So allowing those people to have access the products is

1461
01:10:06,880 --> 01:10:08,040
Speaker 21: really really important.

1462
01:10:08,040 --> 01:10:09,960
Speaker 3: Well, why are they unable to get access to the

1463
01:10:09,960 --> 01:10:11,599
Speaker 3: toilet paper? Explain how that works.

1464
01:10:11,600 --> 01:10:13,840
Speaker 21: The supplier simply said, I don't want to supply to.

1465
01:10:13,760 --> 01:10:15,800
Speaker 3: You because what they're looking after their mates at food

1466
01:10:15,840 --> 01:10:16,919
Speaker 3: stuffs and woollies.

1467
01:10:17,680 --> 01:10:21,160
Speaker 21: Well, I can't a pine on that, but what the

1468
01:10:21,160 --> 01:10:24,720
Speaker 21: commissioner wants to make sure is that people can't unnecessarily

1469
01:10:24,720 --> 01:10:27,679
Speaker 21: opt out. That's one side of the coin, but also

1470
01:10:27,960 --> 01:10:33,519
Speaker 21: there's things like supermarkets enjoy a price competitive advantage by

1471
01:10:33,560 --> 01:10:36,760
Speaker 21: having their own branded product, and the supermarket often they

1472
01:10:36,800 --> 01:10:39,640
Speaker 21: buy that at a cheaper rate than what a supplier

1473
01:10:39,680 --> 01:10:44,360
Speaker 21: will supply their own branded product, and so having a

1474
01:10:44,520 --> 01:10:46,880
Speaker 21: like forul like basis. So if viewer night and Day,

1475
01:10:46,920 --> 01:10:48,960
Speaker 21: you should be able to get the same price for

1476
01:10:49,000 --> 01:10:51,439
Speaker 21: the home brand price that the supermarket gets rather than

1477
01:10:51,479 --> 01:10:52,720
Speaker 21: the higher price that they might have to do.

1478
01:10:52,880 --> 01:10:54,160
Speaker 3: How long is this going to take to do a

1479
01:10:54,200 --> 01:10:57,400
Speaker 3: Section fifty six inquiry and unlock that backstop.

1480
01:10:57,520 --> 01:10:59,479
Speaker 21: Oh, I think that the Commissioner will do that. He

1481
01:10:59,520 --> 01:11:01,519
Speaker 21: said he's going to start that process very soon. I

1482
01:11:01,520 --> 01:11:02,559
Speaker 21: think it's a matter of months.

1483
01:11:02,760 --> 01:11:04,839
Speaker 3: Is it really so? What in a matter of months

1484
01:11:04,920 --> 01:11:06,920
Speaker 3: we could see all of a sudden the wholesale situation.

1485
01:11:07,320 --> 01:11:11,120
Speaker 21: No, it's more to be done around that. Certainly unlock

1486
01:11:11,200 --> 01:11:13,160
Speaker 21: some of the powers, and then it's up to him

1487
01:11:13,200 --> 01:11:16,439
Speaker 21: how he implements that. He's also looking at beefing up

1488
01:11:16,439 --> 01:11:20,240
Speaker 21: and putting in place a wholesale code. We don't have

1489
01:11:20,280 --> 01:11:22,800
Speaker 21: one at the moment. So that's the second part of it.

1490
01:11:23,680 --> 01:11:26,760
Speaker 21: And then the third part is actually enforcing making sure

1491
01:11:26,800 --> 01:11:29,759
Speaker 21: that people who are supplying supermarkets have treat it fairly

1492
01:11:30,040 --> 01:11:35,240
Speaker 21: inequitably and still having anecdotal examples where people have not

1493
01:11:35,320 --> 01:11:38,879
Speaker 21: been fairly treat it. And I've said to the Commis commission,

1494
01:11:39,680 --> 01:11:42,080
Speaker 21: I want you to be a courageous litigative if that's

1495
01:11:42,120 --> 01:11:44,559
Speaker 21: the case, if they have to take stronger actions, get

1496
01:11:44,600 --> 01:11:45,400
Speaker 21: on and make it happen.

1497
01:11:45,720 --> 01:11:47,600
Speaker 3: Is the solution to all of this not simply to

1498
01:11:47,600 --> 01:11:49,880
Speaker 3: break these things up, right, So you break up the

1499
01:11:49,920 --> 01:11:52,720
Speaker 3: wholesale and retail arms and create some real competition.

1500
01:11:52,280 --> 01:11:55,720
Speaker 21: There, Well, you could jump to that. I think the

1501
01:11:55,760 --> 01:11:58,680
Speaker 21: first thing will these reforms? Could these reforms lead to

1502
01:11:58,720 --> 01:12:02,759
Speaker 21: better outcomes? I think the possibility is very strongly they should,

1503
01:12:03,400 --> 01:12:07,000
Speaker 21: but they need to be done quickly. They're quite comprehensive

1504
01:12:07,000 --> 01:12:11,679
Speaker 21: what the Commissioner's proposed, but jumping to a breakup, which

1505
01:12:11,720 --> 01:12:14,639
Speaker 21: a lot of participants have said that it does raise

1506
01:12:14,680 --> 01:12:18,080
Speaker 21: some significant issues around you know, you're forcing the Australian

1507
01:12:18,280 --> 01:12:20,519
Speaker 21: entity to be broken up here in New Zealand. It

1508
01:12:20,560 --> 01:12:23,240
Speaker 21: sets a president. So to go down that route you

1509
01:12:23,400 --> 01:12:28,360
Speaker 21: really need to act carefully. For instance, one area that

1510
01:12:28,479 --> 01:12:30,519
Speaker 21: we will be looking for and I'm looking forward to

1511
01:12:30,600 --> 01:12:33,080
Speaker 21: the report from the Commissioners on the one hundred plus

1512
01:12:33,120 --> 01:12:36,439
Speaker 21: pieces of land that the supermarkets currently own, whether in

1513
01:12:36,520 --> 01:12:40,120
Speaker 21: fact they are appropriate that they own them, if they're

1514
01:12:40,160 --> 01:12:43,120
Speaker 21: held for an anti competitive process. I'll be waiting for

1515
01:12:43,160 --> 01:12:46,360
Speaker 21: advice on the Communic Commission to say are they contrary

1516
01:12:46,360 --> 01:12:49,720
Speaker 21: to the comments act? If they were and are, then

1517
01:12:49,760 --> 01:12:51,680
Speaker 21: we might look at how we deal with that. We

1518
01:12:51,720 --> 01:12:55,000
Speaker 21: may require devestment. But I don't want to jump ahead

1519
01:12:55,080 --> 01:12:56,760
Speaker 21: to that. I want to see what the advice is

1520
01:12:56,800 --> 01:12:59,000
Speaker 21: and obviously have to work it through with my Cabinet colleagues.

1521
01:12:59,320 --> 01:13:01,320
Speaker 3: Andrew, thank you very much for talking us through that.

1522
01:13:01,360 --> 01:13:03,720
Speaker 3: I really appreciate it. That's Andrew Bailey, the Commus and

1523
01:13:03,760 --> 01:13:07,720
Speaker 3: Consumer Affairs Minister. It's on an unrelated matter. Just had

1524
01:13:07,760 --> 01:13:10,040
Speaker 3: a decision on the duval case. I'll run you through

1525
01:13:10,040 --> 01:13:11,719
Speaker 3: that shortly, thirteen past six.

1526
01:13:12,720 --> 01:13:15,080
Speaker 1: Crunching the numbers and getting the results.

1527
01:13:15,240 --> 01:13:18,600
Speaker 2: It's headed duplicy Ellen with the business hours thanks to

1528
01:13:18,680 --> 01:13:23,320
Speaker 2: my HR, the HR platform for SME on US talksb.

1529
01:13:23,240 --> 01:13:25,760
Speaker 3: Milfon acids management is going to be a fascinating fascinating

1530
01:13:25,760 --> 01:13:28,880
Speaker 3: what's going on with those big brand Starbucks, Nike, lu Lemma.

1531
01:13:28,920 --> 01:13:31,880
Speaker 3: We'll talk through it shortly. The judge has just ruled

1532
01:13:31,880 --> 01:13:34,160
Speaker 3: that the Duvile report will be made public. This is

1533
01:13:34,200 --> 01:13:38,360
Speaker 3: the receiver's first report. This is justice. Campbell excepted that

1534
01:13:38,400 --> 01:13:41,120
Speaker 3: there was a considerable public interest, but said the proceeding

1535
01:13:41,200 --> 01:13:43,719
Speaker 3: was at an early stage and therefore he will only

1536
01:13:43,800 --> 01:13:47,000
Speaker 3: release the report and the formal court record, but not

1537
01:13:47,080 --> 01:13:50,280
Speaker 3: the wider documents. And part of the reason for that

1538
01:13:50,400 --> 01:13:53,000
Speaker 3: is because there is a possibility of criminal charges arising

1539
01:13:53,000 --> 01:13:55,800
Speaker 3: from the matters that are addressed in the file, and

1540
01:13:55,840 --> 01:13:58,800
Speaker 3: he says access to these documents while the allegations are

1541
01:13:58,880 --> 01:14:03,800
Speaker 3: unanswered and until tested, may prejudice the respondent's fair trial rights.

1542
01:14:04,000 --> 01:14:09,200
Speaker 3: It's quite interesting, so that may come out most likely Friday,

1543
01:14:09,320 --> 01:14:14,120
Speaker 3: but maybe tomorrow afternoon at the earliest. Seventeen past sixgather

1544
01:14:14,360 --> 01:14:17,040
Speaker 3: D House Save has put an extra two point one

1545
01:14:17,080 --> 01:14:19,920
Speaker 3: billion dollars in term deposits in July, locking in higher

1546
01:14:19,960 --> 01:14:22,120
Speaker 3: interest rates before the Reserve Bank drop the official cash

1547
01:14:22,160 --> 01:14:24,800
Speaker 3: RAC banks now hold a record one hundred and thirty

1548
01:14:24,840 --> 01:14:27,880
Speaker 3: six billion dollars in term deposits. And Genative Chiriney is

1549
01:14:27,920 --> 01:14:30,960
Speaker 3: The Herald's Wellington Business editor. Hey you name Hey he

1550
01:14:31,439 --> 01:14:33,960
Speaker 3: So do you think that record number is as a

1551
01:14:34,000 --> 01:14:35,680
Speaker 3: result of people getting in there and trying to lock

1552
01:14:35,720 --> 01:14:37,200
Speaker 3: in those higher deposit rates.

1553
01:14:37,840 --> 01:14:41,200
Speaker 22: I think it is that term deposit number has been

1554
01:14:41,280 --> 01:14:43,840
Speaker 22: tracking up. But I did notice that in July the

1555
01:14:44,000 --> 01:14:47,920
Speaker 22: jump in term deposits was quite big. So two point

1556
01:14:47,920 --> 01:14:51,320
Speaker 22: one billion dollars that's quite a bit of money, one

1557
01:14:51,360 --> 01:14:56,000
Speaker 22: point six percent more than the previous month. And you know,

1558
01:14:56,080 --> 01:14:58,400
Speaker 22: I note that in July that's when the Reserve Bank

1559
01:14:58,439 --> 01:15:02,040
Speaker 22: released that statement where it's gested it might start cutting

1560
01:15:02,040 --> 01:15:05,760
Speaker 22: interest rates sooner than August next year, which you know

1561
01:15:05,880 --> 01:15:08,559
Speaker 22: back in May was when it said it would likely

1562
01:15:08,600 --> 01:15:10,920
Speaker 22: cut interest rates. So I mean I was one of

1563
01:15:10,960 --> 01:15:14,040
Speaker 22: these people. I thought on July tenth, I better look

1564
01:15:14,080 --> 01:15:16,760
Speaker 22: at how my money's going and maybe lock in some

1565
01:15:17,200 --> 01:15:20,320
Speaker 22: high interest rates now. The thing though, that was quite

1566
01:15:20,320 --> 01:15:25,040
Speaker 22: surprising looking at the July figures was that the amount

1567
01:15:25,040 --> 01:15:27,960
Speaker 22: of money that people put in their transaction accounts, you know,

1568
01:15:28,040 --> 01:15:31,640
Speaker 22: just their call accounts, that also went up, and that

1569
01:15:31,720 --> 01:15:34,240
Speaker 22: went up by the most that it's gone up in

1570
01:15:34,479 --> 01:15:37,280
Speaker 22: about two and a half years. So not only did

1571
01:15:37,320 --> 01:15:39,479
Speaker 22: people put more money in term deposits, but they actually

1572
01:15:39,479 --> 01:15:41,599
Speaker 22: put more money into the bank generally.

1573
01:15:42,120 --> 01:15:45,440
Speaker 3: Interesting. Yes, So if it's not coming from the transaction

1574
01:15:45,600 --> 01:15:47,840
Speaker 3: and the savings account balances, right, if they're not taking

1575
01:15:47,840 --> 01:15:50,120
Speaker 3: it out of there that here's my easy money account,

1576
01:15:50,160 --> 01:15:51,639
Speaker 3: where are they getting this money from?

1577
01:15:51,960 --> 01:15:52,200
Speaker 4: Yeah?

1578
01:15:52,200 --> 01:15:54,240
Speaker 22: Well, look that is my big question, and I've been

1579
01:15:54,240 --> 01:15:57,120
Speaker 22: doing a big ring around today to ask various people.

1580
01:15:57,560 --> 01:16:01,120
Speaker 22: It probably isn't higher welfare or been payments because those

1581
01:16:01,760 --> 01:16:05,360
Speaker 22: changes are made in April. It probably isn't tax changes

1582
01:16:05,439 --> 01:16:09,840
Speaker 22: either because those income tax cuts that were getting they

1583
01:16:09,880 --> 01:16:13,320
Speaker 22: only kicking in August. But what it could be, and

1584
01:16:13,360 --> 01:16:18,000
Speaker 22: this is what Westpac's former Treasurer Jim Reardon said was

1585
01:16:18,040 --> 01:16:23,040
Speaker 22: that back in July, term deposit rates were much more

1586
01:16:23,040 --> 01:16:26,639
Speaker 22: attractive than bond yields. So he thought that if people

1587
01:16:27,080 --> 01:16:29,200
Speaker 22: there were a bunch of bond maturities at that time,

1588
01:16:29,240 --> 01:16:31,160
Speaker 22: so if you received money because you're the bonds you

1589
01:16:31,200 --> 01:16:33,840
Speaker 22: invested in matured, you would have been much better off

1590
01:16:33,840 --> 01:16:36,200
Speaker 22: putting your money in a term deposit than reinvesting it

1591
01:16:36,240 --> 01:16:39,240
Speaker 22: in bonds. So he thought that the fact that the

1592
01:16:39,280 --> 01:16:41,479
Speaker 22: bond yields was so much lower than the term deposit

1593
01:16:41,520 --> 01:16:43,960
Speaker 22: rates at that point might have pushed more people into,

1594
01:16:44,680 --> 01:16:47,120
Speaker 22: you know, not invest in bonds and put the money

1595
01:16:47,120 --> 01:16:49,880
Speaker 22: in the bank. But so I think that's, you know,

1596
01:16:50,040 --> 01:16:53,599
Speaker 22: quite a plausible thing. I also took to Sharon Zooner,

1597
01:16:53,640 --> 01:16:56,080
Speaker 22: the chief economist at A and Z, and she thought,

1598
01:16:56,120 --> 01:16:58,240
Speaker 22: you know, things were pretty tough back in July, so

1599
01:16:58,439 --> 01:17:01,639
Speaker 22: people were possibly being cause you know, worried they might

1600
01:17:01,680 --> 01:17:04,920
Speaker 22: lose their jobs, not spending too much, just popping their

1601
01:17:04,920 --> 01:17:09,040
Speaker 22: money in the bank. Saving. My big question, and so

1602
01:17:09,200 --> 01:17:11,680
Speaker 22: this is also Sharon's Olensborg question, is you know, there's

1603
01:17:11,760 --> 01:17:13,679
Speaker 22: quite a bit of money that's sitting in the bank there.

1604
01:17:13,720 --> 01:17:17,280
Speaker 22: Those those balances have been rising in the high interest

1605
01:17:17,320 --> 01:17:20,840
Speaker 22: rate environment. You know, how will people deploy that money?

1606
01:17:20,960 --> 01:17:23,919
Speaker 22: Is interest rates full and you know, as it becomes

1607
01:17:24,320 --> 01:17:27,519
Speaker 22: less appealing to keep your money in the bank interesting stuff,

1608
01:17:27,560 --> 01:17:30,000
Speaker 22: Well they will they put it in the property market.

1609
01:17:30,560 --> 01:17:31,360
Speaker 22: That's my question.

1610
01:17:31,800 --> 01:17:33,759
Speaker 3: What do you think I'd say, no, what do you reckon?

1611
01:17:34,840 --> 01:17:35,080
Speaker 14: Yeah?

1612
01:17:35,160 --> 01:17:37,839
Speaker 22: I think they will, but there's quite a lot probably

1613
01:17:37,880 --> 01:17:41,200
Speaker 22: holding back. I don't think the pickup will be I think.

1614
01:17:41,080 --> 01:17:42,680
Speaker 3: We know that. Yeah, I think we know it. Hey,

1615
01:17:42,720 --> 01:17:44,840
Speaker 3: thank you. Jane has always really appreciated, you know, to

1616
01:17:45,000 --> 01:17:47,960
Speaker 3: training the Heralds are Wellington Business editor Heither. Here's something

1617
01:17:48,000 --> 01:17:51,320
Speaker 3: to think about. What international supermarket will want to come

1618
01:17:51,360 --> 01:17:53,280
Speaker 3: to New Zealand when over the last couple of years

1619
01:17:53,280 --> 01:17:57,519
Speaker 3: the government's plural have been threatening to force changes very

1620
01:17:57,560 --> 01:17:58,920
Speaker 3: good points six twenty.

1621
01:17:58,680 --> 01:18:02,919
Speaker 2: One, everything from SMEs to the big corporates. The Business

1622
01:18:02,960 --> 01:18:06,719
Speaker 2: Hour with Heather duple Cles and my HR the HR

1623
01:18:06,800 --> 01:18:10,080
Speaker 2: solution for busy SMEs on News Talk ZB.

1624
01:18:11,320 --> 01:18:13,640
Speaker 3: Twenty three past six. Now, the US market may be

1625
01:18:13,720 --> 01:18:16,000
Speaker 3: up almost sixteen percent on the year, but get a

1626
01:18:16,000 --> 01:18:18,599
Speaker 3: load of this. Well known household names like Nike and Lulu,

1627
01:18:18,640 --> 01:18:21,679
Speaker 3: Lemon and Starbucks had a much tougher time The entire

1628
01:18:21,720 --> 01:18:25,360
Speaker 3: consumer discretionary sector is up only four percent, with a

1629
01:18:25,360 --> 01:18:28,160
Speaker 3: growing number of so called fallen angels. Stephanie Bachelor is

1630
01:18:28,160 --> 01:18:31,559
Speaker 3: from Milford Asset Management. Hey, Stephanie, Hi, Heather. What exactly

1631
01:18:31,680 --> 01:18:32,639
Speaker 3: is a fallen angel?

1632
01:18:33,920 --> 01:18:37,200
Speaker 20: So, the term fallen angel was traditionally used to describe

1633
01:18:37,240 --> 01:18:39,680
Speaker 20: a bond that used to be investment grade but has

1634
01:18:39,720 --> 01:18:43,120
Speaker 20: since been reduced to essentially junk bond status, but you

1635
01:18:43,120 --> 01:18:45,880
Speaker 20: can also apply it to stocks. A company that has

1636
01:18:45,960 --> 01:18:49,400
Speaker 20: historically been seen as really high quality, usually with a

1637
01:18:49,439 --> 01:18:52,200
Speaker 20: share price, that continues to reach all time highs, but

1638
01:18:52,280 --> 01:18:55,479
Speaker 20: has since fallen significantly and is now out of favor

1639
01:18:55,520 --> 01:18:56,120
Speaker 20: was investors?

1640
01:18:56,160 --> 01:18:58,240
Speaker 3: Okay, So I've listed a number there that that are

1641
01:18:58,280 --> 01:19:01,280
Speaker 3: obviously examples why they performed so poorly.

1642
01:19:02,720 --> 01:19:05,120
Speaker 20: Yeah, So there are lots of examples. A couple that

1643
01:19:05,200 --> 01:19:07,840
Speaker 20: you mentioned the ath leisure companies like Nike in Lululemon,

1644
01:19:08,320 --> 01:19:12,040
Speaker 20: they've fallen significantly on concerns that they aren't innovating enough

1645
01:19:12,080 --> 01:19:15,479
Speaker 20: and they're losing market shared to newer competitors. So from

1646
01:19:15,560 --> 01:19:18,639
Speaker 20: peak to trough, Nike's share price has fallen about sixty

1647
01:19:18,640 --> 01:19:23,000
Speaker 20: percent and Lululemon's about fifty percent. Then in the beauty space.

1648
01:19:23,240 --> 01:19:26,160
Speaker 20: Este Lord is down about seventy five percent, primarily due

1649
01:19:26,160 --> 01:19:29,080
Speaker 20: to very weak sales in China, and Starbucks is another

1650
01:19:29,120 --> 01:19:31,800
Speaker 20: brand struggling in China and its share price had fallen

1651
01:19:31,800 --> 01:19:32,719
Speaker 20: about forty percent.

1652
01:19:32,840 --> 01:19:35,639
Speaker 3: I mean, it's quite astounding how big those fools are

1653
01:19:35,640 --> 01:19:38,840
Speaker 3: given that they are household brands. What's next for these companies?

1654
01:19:38,840 --> 01:19:38,920
Speaker 4: Now?

1655
01:19:38,960 --> 01:19:41,439
Speaker 3: How do they get the investors to love them again?

1656
01:19:42,720 --> 01:19:45,519
Speaker 20: Yeah, So usually we see one of two things. Either

1657
01:19:45,560 --> 01:19:48,960
Speaker 20: an activists shareholder gets involved. These are investors that buy

1658
01:19:48,960 --> 01:19:51,439
Speaker 20: a sizeable stake in the company and then put pressure

1659
01:19:51,479 --> 01:19:54,400
Speaker 20: on management to make changes. So a recent example of

1660
01:19:54,400 --> 01:19:58,240
Speaker 20: this is Bill Ackman taking a stake in Nike, or

1661
01:19:58,439 --> 01:20:01,000
Speaker 20: CEOs leave or get a placed, and we saw a

1662
01:20:01,040 --> 01:20:04,120
Speaker 20: remarkable share price reaction to one of these situations. Recently,

1663
01:20:04,560 --> 01:20:06,600
Speaker 20: it was announced that the CEO of Starbucks would be

1664
01:20:06,680 --> 01:20:09,639
Speaker 20: leaving and would be replaced by the CEO of Chipotle.

1665
01:20:09,880 --> 01:20:12,640
Speaker 20: This's a Mexican food chain that's done extremely well, and

1666
01:20:12,680 --> 01:20:15,320
Speaker 20: so on the day that this was announced, Starbucks shares

1667
01:20:15,360 --> 01:20:18,960
Speaker 20: went up twenty five percent and Chipotla shares went down

1668
01:20:19,040 --> 01:20:22,280
Speaker 20: eight percent, So that market move was effectively a twenty

1669
01:20:22,280 --> 01:20:24,680
Speaker 20: seven billion dollar slap in the face for the Starbucks

1670
01:20:24,680 --> 01:20:27,000
Speaker 20: CEO and a twenty seven billion dollar pad on the

1671
01:20:27,000 --> 01:20:28,160
Speaker 20: back of the Chipotlo ceo.

1672
01:20:28,360 --> 01:20:31,479
Speaker 3: Interesting. Okay, so in Vidio, right, this is something we've

1673
01:20:31,520 --> 01:20:33,840
Speaker 3: been talking about just in the last few days. What's

1674
01:20:33,880 --> 01:20:36,920
Speaker 3: going on here? And also is this an example potentially

1675
01:20:36,960 --> 01:20:38,719
Speaker 3: of something that's becoming a fallen angel.

1676
01:20:40,080 --> 01:20:42,280
Speaker 20: Yes, it's been a rocky few days for in Video.

1677
01:20:42,760 --> 01:20:45,559
Speaker 20: Over four days of trading, shares are down about fifteen

1678
01:20:45,600 --> 01:20:48,799
Speaker 20: percent and that's wiped out about five hundred billion dollars

1679
01:20:48,840 --> 01:20:52,519
Speaker 20: of value. That's almost the entire value of McDonald's, Disney,

1680
01:20:52,600 --> 01:20:54,000
Speaker 20: and Uber combined.

1681
01:20:54,320 --> 01:20:55,280
Speaker 7: So it's a huge move.

1682
01:20:56,080 --> 01:20:58,280
Speaker 20: But shares are still up about one hundred and twenty

1683
01:20:58,320 --> 01:21:01,679
Speaker 20: percent over the last year, so certainly not a fallen angel.

1684
01:21:02,520 --> 01:21:04,439
Speaker 20: And there are a few things behind this move. So

1685
01:21:04,479 --> 01:21:06,160
Speaker 20: it started at the end of last week when in

1686
01:21:06,280 --> 01:21:09,280
Speaker 20: Vidio reported quarterly results. It was a strong result, but

1687
01:21:09,400 --> 01:21:13,240
Speaker 20: shares actually fell six percent, and that just shows how

1688
01:21:13,400 --> 01:21:17,200
Speaker 20: stretched investor expectations had become. Apparently there were even bars

1689
01:21:17,240 --> 01:21:20,519
Speaker 20: in New York live streaming the result, so that's almost

1690
01:21:20,560 --> 01:21:24,560
Speaker 20: the definition of a viral stock. And then overnight in

1691
01:21:24,680 --> 01:21:27,000
Speaker 20: Video was down another ten percent as part of a

1692
01:21:27,040 --> 01:21:29,040
Speaker 20: broader stock market sell off, which had a number of

1693
01:21:29,040 --> 01:21:31,840
Speaker 20: factors at play, one of which was some weaker manufacturing

1694
01:21:31,920 --> 01:21:34,960
Speaker 20: data that tapped into investor fears around a growth slowdown

1695
01:21:35,000 --> 01:21:37,439
Speaker 20: in the US, and in Video actually fell a little

1696
01:21:37,439 --> 01:21:39,880
Speaker 20: bit more after hours on some news that the DOJ

1697
01:21:40,080 --> 01:21:42,800
Speaker 20: has issued a subpoena to in Video relating to an

1698
01:21:42,800 --> 01:21:46,400
Speaker 20: anti trust investigation. So lot's going on. But the last

1699
01:21:46,439 --> 01:21:48,719
Speaker 20: thing I'd call out is while the two percent moved

1700
01:21:48,720 --> 01:21:51,600
Speaker 20: down in the S and P five hundred overnight is significant,

1701
01:21:52,120 --> 01:21:53,800
Speaker 20: you have to put it into the context of the

1702
01:21:53,840 --> 01:21:57,519
Speaker 20: increased market volatility that we saw in August, with big

1703
01:21:57,520 --> 01:22:00,439
Speaker 20: swings both down and up. So last night move is

1704
01:22:00,479 --> 01:22:02,920
Speaker 20: really just a continuation of that volatility.

1705
01:22:03,920 --> 01:22:06,880
Speaker 3: Stephanie, thank you. I really appreciate your time. That Stephanie Bachelor,

1706
01:22:06,920 --> 01:22:10,080
Speaker 3: Milford Asset Management. Fascinating stuff. By the way, someone's text

1707
01:22:10,080 --> 01:22:12,280
Speaker 3: through saying my mum used to make a fallen agel.

1708
01:22:12,400 --> 01:22:16,200
Speaker 3: It's made from Advocate Advocate. That feels like one of

1709
01:22:16,240 --> 01:22:19,000
Speaker 3: those olden days drinks from the nineteenth century nobody has

1710
01:22:19,000 --> 01:22:22,600
Speaker 3: in their houses anymore. But anyway, Advocate cherry brandy and

1711
01:22:22,680 --> 01:22:27,000
Speaker 3: lemonade sounds delicious. I'm not gonna lie now. Megan Mirkale

1712
01:22:27,200 --> 01:22:29,479
Speaker 3: had a bit of a bummer. She has been given

1713
01:22:29,479 --> 01:22:31,680
Speaker 3: a big fat no to her application to trademark the

1714
01:22:31,720 --> 01:22:35,080
Speaker 3: name of her jams and her pastries and her napkins

1715
01:22:35,120 --> 01:22:36,720
Speaker 3: and all the stuff she was going to do. She

1716
01:22:36,800 --> 01:22:40,360
Speaker 3: wants to trademark American Riviera orchard applied to the US

1717
01:22:40,439 --> 01:22:44,320
Speaker 3: Patent and Trademark Office. They said, now because businesses can't

1718
01:22:44,360 --> 01:22:49,320
Speaker 3: trademark geographical locations. American Riviera is a common nickname for

1719
01:22:49,360 --> 01:22:52,599
Speaker 3: Santa Barbara, California, so you can't be making it your own, actually,

1720
01:22:52,840 --> 01:22:54,880
Speaker 3: and then putting the word orchard at the end of

1721
01:22:54,920 --> 01:22:58,519
Speaker 3: it doesn't actually help. So it's not going well for

1722
01:22:58,560 --> 01:23:00,240
Speaker 3: hers headline's.

1723
01:22:59,840 --> 01:23:05,599
Speaker 1: Neck lad or hanging up the past.

1724
01:23:09,479 --> 01:23:12,479
Speaker 2: If it's to do with money, it matters to you.

1725
01:23:12,880 --> 01:23:16,479
Speaker 2: The Business Hour with hither duper clan and my HR

1726
01:23:16,800 --> 01:23:20,280
Speaker 2: the HR solution for busy s Emmys on news talks,

1727
01:23:20,320 --> 01:23:20,840
Speaker 2: it'd be.

1728
01:23:25,720 --> 01:23:26,160
Speaker 11: Not that.

1729
01:23:34,960 --> 01:23:35,320
Speaker 1: Okay.

1730
01:23:35,400 --> 01:23:38,439
Speaker 3: Do you know what it is? What like seven years

1731
01:23:38,720 --> 01:23:41,680
Speaker 3: since green felt the Tower? Do you remember when I

1732
01:23:41,760 --> 01:23:44,599
Speaker 3: went up and flames? Seven years ago? The final report

1733
01:23:44,640 --> 01:23:47,240
Speaker 3: is going to be published this morning, like as in

1734
01:23:47,320 --> 01:23:50,240
Speaker 3: this morning UK time, overnight our time, Kevin Grave will

1735
01:23:50,240 --> 01:23:52,320
Speaker 3: talk us through it in ten minutes time. Now, I

1736
01:23:52,360 --> 01:23:55,759
Speaker 3: don't want you to always feel miserable about New Zealand,

1737
01:23:55,840 --> 01:23:59,120
Speaker 3: like we're the only people who can be idiots or not.

1738
01:24:00,000 --> 01:24:02,160
Speaker 3: This all make you feel better about us. I'll tell

1739
01:24:02,160 --> 01:24:04,960
Speaker 3: you something for nothing. Can you remember that bike crack

1740
01:24:05,040 --> 01:24:08,479
Speaker 3: that Toys Mates bought in Wellington that costs about eighty

1741
01:24:08,479 --> 01:24:10,840
Speaker 3: four thousand dollars on Oriental Parade and it was like

1742
01:24:11,000 --> 01:24:15,240
Speaker 3: state of the art, gold plated, highly mechanic robot bike rack.

1743
01:24:15,360 --> 01:24:18,479
Speaker 3: It was like, Wow, what an amazing bike rack. Eighty

1744
01:24:18,479 --> 01:24:21,840
Speaker 3: four k Irish have done one better. These guys have

1745
01:24:21,880 --> 01:24:26,280
Speaker 3: built a small bike shelter next to the Parliamentary buildings

1746
01:24:26,320 --> 01:24:30,559
Speaker 3: for six hundred thousand New Zealand dollars. It doesn't even

1747
01:24:30,600 --> 01:24:32,920
Speaker 3: do what Tory's bike rack does. Doesn't even have like

1748
01:24:32,960 --> 01:24:35,800
Speaker 3: a little like lifting thing that will sort of hydraulically

1749
01:24:35,880 --> 01:24:38,400
Speaker 3: lift your bikes up and stack them on level two

1750
01:24:38,400 --> 01:24:41,120
Speaker 3: of the bike rack. Nothing flash like that. It's literally

1751
01:24:41,160 --> 01:24:44,000
Speaker 3: a canopy. It is a back wall of sort of

1752
01:24:44,040 --> 01:24:46,679
Speaker 3: like corr. It looks like it's just stupid corrugated plastic.

1753
01:24:46,720 --> 01:24:48,400
Speaker 3: It's probably a bit flashed than that, but it's basically

1754
01:24:48,400 --> 01:24:52,960
Speaker 3: what it looks like. Corrugated plastic backwall, corrugated plastic roof.

1755
01:24:53,200 --> 01:24:55,400
Speaker 3: That's going to get moldy in Ireland, isn't it? And

1756
01:24:55,439 --> 01:24:57,920
Speaker 3: then that's it. And then they've got little eighteen little

1757
01:24:57,960 --> 01:24:59,400
Speaker 3: bike racks and you can put your bike racks in

1758
01:24:59,439 --> 01:25:02,280
Speaker 3: there and think about it. If the rain comes even

1759
01:25:02,520 --> 01:25:05,840
Speaker 3: slightly sideways, six hundred thousand is going to be no

1760
01:25:05,880 --> 01:25:07,720
Speaker 3: good for anything. Those bikes are still going to get wet.

1761
01:25:07,760 --> 01:25:09,719
Speaker 3: So we are not the only ones with the monopoly

1762
01:25:09,760 --> 01:25:12,639
Speaker 3: on stupid ideas. How good twenty two away from seven

1763
01:25:13,080 --> 01:25:16,919
Speaker 3: Keller duper Ce Allen now kiwis are weirdly not expecting

1764
01:25:16,920 --> 01:25:19,479
Speaker 3: at uptick and house prices anytime soon. And that's even

1765
01:25:19,520 --> 01:25:22,040
Speaker 3: though the interest rates are coming down. So ASB has

1766
01:25:22,080 --> 01:25:25,920
Speaker 3: done its latest housing confidence survey found a net thirteen

1767
01:25:26,080 --> 01:25:29,640
Speaker 3: percent of respondents reckon house prices will increase. That is

1768
01:25:29,720 --> 01:25:32,920
Speaker 3: down from down by more than thirty percent compared with

1769
01:25:32,920 --> 01:25:35,799
Speaker 3: the last quarter. Chief economists at ASB Bank Nick Toughley's

1770
01:25:35,800 --> 01:25:39,639
Speaker 3: with us, Now, Hey, Nicky, why are they so gloomy?

1771
01:25:40,320 --> 01:25:42,639
Speaker 5: I think when we're looking at this period over May

1772
01:25:42,720 --> 01:25:46,400
Speaker 5: June July, there was a noticeable pullback and optimism, shall

1773
01:25:46,439 --> 01:25:48,960
Speaker 5: we say, over May, and that does coincide with when

1774
01:25:48,960 --> 01:25:51,040
Speaker 5: the Reserve Bank came out with that sort of very

1775
01:25:51,080 --> 01:25:54,000
Speaker 5: stern sermon that interest rates are not going to be

1776
01:25:54,040 --> 01:25:57,920
Speaker 5: coming down anytime soon. So we certainly saw a bit

1777
01:25:57,960 --> 01:26:01,200
Speaker 5: of deflation and that sort of optimism for house prices

1778
01:26:01,240 --> 01:26:03,679
Speaker 5: coming through, at least in the first couple of months.

1779
01:26:03,840 --> 01:26:07,080
Speaker 3: Seems to have landed slightly differently compared you know, depending

1780
01:26:07,080 --> 01:26:08,599
Speaker 3: on where you are in the country. Why has it

1781
01:26:08,680 --> 01:26:11,120
Speaker 3: being felt so pessimistically in Auckland.

1782
01:26:13,000 --> 01:26:14,920
Speaker 5: I think in Auckland people is a living and dying

1783
01:26:14,960 --> 01:26:18,040
Speaker 5: by that mortgage rates, given the size of mortgages. So

1784
01:26:18,080 --> 01:26:22,040
Speaker 5: we did see from the previous quarter where Auckland was

1785
01:26:22,680 --> 01:26:26,920
Speaker 5: relatively optimistic, finished the quarter quite optimistic, and it saw

1786
01:26:27,000 --> 01:26:30,439
Speaker 5: its expectations around house prices fall back quite a lot.

1787
01:26:30,479 --> 01:26:33,640
Speaker 5: You could also see in the interest rate expectations that

1788
01:26:33,720 --> 01:26:36,160
Speaker 5: there was quite a lot of oscillating around. People certainly

1789
01:26:36,160 --> 01:26:38,120
Speaker 5: got a bit darker in the mood over the prospects

1790
01:26:38,120 --> 01:26:42,960
Speaker 5: of interest rate decreases over June or there's signs of

1791
01:26:43,000 --> 01:26:44,960
Speaker 5: that started to change a lot right across the board

1792
01:26:44,960 --> 01:26:46,840
Speaker 5: in the country. When we started to roll into July

1793
01:26:46,920 --> 01:26:50,040
Speaker 5: and started speculating about the interest rate declines that we

1794
01:26:50,120 --> 01:26:50,920
Speaker 5: started to see.

1795
01:26:51,479 --> 01:26:54,400
Speaker 3: Is it possible that people have started to realize that

1796
01:26:54,479 --> 01:26:56,760
Speaker 3: house prices will probably never go up at the rate

1797
01:26:56,800 --> 01:26:59,200
Speaker 3: that they did during COVID? Are people starting to get

1798
01:26:59,240 --> 01:27:00,639
Speaker 3: realistic about what comes next?

1799
01:27:01,840 --> 01:27:04,679
Speaker 5: Who's had a degree of that. We did see quite

1800
01:27:04,680 --> 01:27:07,880
Speaker 5: a lot of euphoria late last year when the housing

1801
01:27:07,920 --> 01:27:11,080
Speaker 5: market did start to pick up about the extent to

1802
01:27:11,120 --> 01:27:13,719
Speaker 5: which house prices would go up, so very very strong

1803
01:27:13,760 --> 01:27:17,719
Speaker 5: results historically coming through at that point, I think people

1804
01:27:17,800 --> 01:27:19,680
Speaker 5: just need to bear in minds. Yes, interest rates are

1805
01:27:19,720 --> 01:27:21,960
Speaker 5: going down, we're not going back to a two percent

1806
01:27:22,000 --> 01:27:26,840
Speaker 5: mortgage of any time soon, and the economy is in

1807
01:27:27,320 --> 01:27:30,880
Speaker 5: a slower state. Unemployment is more challenging than what it

1808
01:27:31,000 --> 01:27:32,719
Speaker 5: was a few years ago as well.

1809
01:27:33,760 --> 01:27:36,519
Speaker 3: I found it fascinating that only a net eight percent

1810
01:27:36,640 --> 01:27:38,120
Speaker 3: think now is a good time to buy.

1811
01:27:38,240 --> 01:27:38,439
Speaker 4: Now.

1812
01:27:38,439 --> 01:27:39,320
Speaker 3: What's going on here?

1813
01:27:39,400 --> 01:27:39,559
Speaker 1: Nick?

1814
01:27:39,640 --> 01:27:41,600
Speaker 3: Because now is the perfect time to buy, isn't it.

1815
01:27:42,920 --> 01:27:43,120
Speaker 4: Yes?

1816
01:27:43,160 --> 01:27:45,880
Speaker 5: I think we'll see this the ambivalence change a little bit,

1817
01:27:45,920 --> 01:27:47,559
Speaker 5: and it's quite a funny one. We tend to find

1818
01:27:47,560 --> 01:27:49,600
Speaker 5: that people think it's a terrible time to buy in

1819
01:27:49,600 --> 01:27:52,160
Speaker 5: the midst of a housing boom. When everybody is nonetheless

1820
01:27:52,360 --> 01:27:57,679
Speaker 5: noneth less buying as the peculiar behavior that we see there.

1821
01:27:57,760 --> 01:27:59,960
Speaker 5: So look, you are right when you look at affordable

1822
01:28:00,600 --> 01:28:05,000
Speaker 5: interest rates, falling house prices have they're not exactly going

1823
01:28:05,040 --> 01:28:07,360
Speaker 5: up at the moment. It is certainly a buyer's market

1824
01:28:07,360 --> 01:28:09,080
Speaker 5: out there, and particularly when you look at how much

1825
01:28:09,120 --> 01:28:12,360
Speaker 5: stock there is on the market. So affordability is good.

1826
01:28:12,560 --> 01:28:14,640
Speaker 5: It is going to get better. But the problem is

1827
01:28:14,640 --> 01:28:16,040
Speaker 5: is that we'll see that come up a bit more

1828
01:28:16,080 --> 01:28:19,040
Speaker 5: competition as well as we head over twenty twenty five.

1829
01:28:19,160 --> 01:28:20,599
Speaker 3: Good stuff like it's good to talk to you, mate,

1830
01:28:20,640 --> 01:28:25,360
Speaker 3: look after yourself. That's Nick Toughly, chief economist at ASB Bank, fascinating. Gay,

1831
01:28:25,760 --> 01:28:27,479
Speaker 3: now's the time to buy if you want to buy.

1832
01:28:27,720 --> 01:28:30,240
Speaker 3: Did you get this house prices we're still going backwards

1833
01:28:30,280 --> 01:28:32,639
Speaker 3: the other day, so you're still getting yourself a bit huggin.

1834
01:28:33,400 --> 01:28:35,160
Speaker 3: And then if you just go on the floashing rate

1835
01:28:35,200 --> 01:28:38,240
Speaker 3: for now, then Nick minute be locking in something good

1836
01:28:38,560 --> 01:28:41,920
Speaker 3: and away you go. I say this as somebody who's

1837
01:28:42,000 --> 01:28:44,000
Speaker 3: just casually observing because I don't have anything to buy

1838
01:28:44,080 --> 01:28:45,479
Speaker 3: or anything any money to buy.

1839
01:28:45,280 --> 01:28:46,080
Speaker 1: It with now.

1840
01:28:46,479 --> 01:28:50,679
Speaker 3: I did not realize this, but Lara Trump, Eric Trump's

1841
01:28:50,680 --> 01:28:54,559
Speaker 3: wife is a singer. This is her latest single, Hero.

1842
01:28:57,560 --> 01:28:59,599
Speaker 1: And the Sagain.

1843
01:29:06,120 --> 01:29:09,040
Speaker 3: I mean if it was on the radio and you

1844
01:29:09,120 --> 01:29:12,960
Speaker 3: were sort of three hours into a drive and started

1845
01:29:13,080 --> 01:29:14,840
Speaker 3: starting to go into something like a fugue state, you

1846
01:29:14,840 --> 01:29:16,720
Speaker 3: wouldn't turn it off, would you, Because it'd just be

1847
01:29:16,760 --> 01:29:19,720
Speaker 3: wallpaper music, wouldn't it. You'd just be like, there's some

1848
01:29:19,800 --> 01:29:23,519
Speaker 3: noise going on. They wouldn't be like super offensive. But

1849
01:29:23,720 --> 01:29:26,880
Speaker 3: let me read you some of the lyrics. Oh that's her,

1850
01:29:26,960 --> 01:29:31,559
Speaker 3: isn't it? That's her? Oh that's auto tuned to Hall,

1851
01:29:31,640 --> 01:29:34,639
Speaker 3: amn't it. They've been like, yeah, auto tune that, Yeah,

1852
01:29:34,800 --> 01:29:37,960
Speaker 3: gone with bad House anyway. Song about firefighters and how

1853
01:29:38,000 --> 01:29:41,599
Speaker 3: much she respects them, and people hate it. The sentiment

1854
01:29:41,760 --> 01:29:45,800
Speaker 3: is like cool from you wanting to yeah the firefighters,

1855
01:29:45,800 --> 01:29:49,080
Speaker 3: But the lyrics suck. Here they are You're going through

1856
01:29:49,120 --> 01:29:53,479
Speaker 3: the fire and the flames getting higher. You're my hero,

1857
01:29:53,920 --> 01:29:56,040
Speaker 3: You're my hero. By the way, she's co written it

1858
01:29:56,040 --> 01:29:57,920
Speaker 3: with another woman. And then the video they're singing that

1859
01:29:57,960 --> 01:30:00,320
Speaker 3: part while they're standing on a fire escape, which is

1860
01:30:00,400 --> 01:30:03,800
Speaker 3: very location appropriate. You're climbing up the ladder and the

1861
01:30:03,840 --> 01:30:08,679
Speaker 3: screams are getting louder. You're my hero. You're my hero.

1862
01:30:10,040 --> 01:30:13,360
Speaker 3: Without your bravery, we're out of luck. No, this can't

1863
01:30:13,360 --> 01:30:16,920
Speaker 3: be denied. You've got to be special. It takes a

1864
01:30:16,960 --> 01:30:19,960
Speaker 3: lot to put you last and everybody first. Know this

1865
01:30:20,040 --> 01:30:23,120
Speaker 3: can't be for likes. With your heart, they can make gold.

1866
01:30:25,120 --> 01:30:25,400
Speaker 20: Wow.

1867
01:30:27,360 --> 01:30:29,559
Speaker 3: I mean obviously people are screaming because they're dying, right

1868
01:30:29,560 --> 01:30:31,439
Speaker 3: and you're singing about that, aren't you anyway?

1869
01:30:31,600 --> 01:30:33,519
Speaker 23: And yeah, I was going to say, I just want

1870
01:30:33,560 --> 01:30:35,880
Speaker 23: to know who signed off on the line. This can't

1871
01:30:35,880 --> 01:30:39,240
Speaker 23: be for likes. I just want to tear apart all

1872
01:30:39,240 --> 01:30:41,040
Speaker 23: the things I don't like about that line of lyrics.

1873
01:30:41,160 --> 01:30:42,960
Speaker 3: You decide how much more you're going to play, because

1874
01:30:42,960 --> 01:30:49,400
Speaker 3: every second from here on and there's on you and

1875
01:30:49,520 --> 01:30:51,080
Speaker 3: it ends. Gavin Gray next.

1876
01:30:51,600 --> 01:30:54,000
Speaker 1: Crunching the lovers and getting the results.

1877
01:30:54,280 --> 01:30:57,760
Speaker 2: It's Heather Duplicy Ellen with the Business Hour thanks to

1878
01:30:57,920 --> 01:31:02,000
Speaker 2: my HR the HR solution of Busy Simmy's on news

1879
01:31:02,040 --> 01:31:02,960
Speaker 2: Talk Zippy.

1880
01:31:02,920 --> 01:31:05,600
Speaker 3: Hither those are probably AI generated lyrics. You nevern know

1881
01:31:05,640 --> 01:31:07,559
Speaker 3: them and they' bad enough they possibly could be. Gevin

1882
01:31:07,600 --> 01:31:09,200
Speaker 3: Great by the way, it's fourteen away from Siven and

1883
01:31:09,200 --> 01:31:12,800
Speaker 3: Devin Gray are UK correspondence with us Hykevin Hi there

1884
01:31:12,880 --> 01:31:15,880
Speaker 3: he Geven seven years on from the tragedy is quite

1885
01:31:15,920 --> 01:31:17,920
Speaker 3: a long time to wait for the final report, isn't it.

1886
01:31:19,120 --> 01:31:19,720
Speaker 1: Yeah, it has.

1887
01:31:19,760 --> 01:31:23,440
Speaker 24: It's been a long long haul for the victims' families.

1888
01:31:23,840 --> 01:31:27,400
Speaker 24: This of course, of the Grenfell fire tower disaster back

1889
01:31:27,439 --> 01:31:31,479
Speaker 24: in twenty seventeen, in which seventy two people died. It's

1890
01:31:31,520 --> 01:31:34,719
Speaker 24: still a scar on the landscape of the West London

1891
01:31:34,800 --> 01:31:38,599
Speaker 24: scene and a monument has been covered in cladding now

1892
01:31:38,640 --> 01:31:40,759
Speaker 24: for a few years. It was just a blackened mess

1893
01:31:40,800 --> 01:31:44,880
Speaker 24: and it's been just horrific for everyone living nearby, horrific

1894
01:31:44,920 --> 01:31:47,679
Speaker 24: for those involved, horrific for those who tried to rescue

1895
01:31:47,720 --> 01:31:50,960
Speaker 24: people who came out of the tower. And now after

1896
01:31:51,000 --> 01:31:54,639
Speaker 24: a six year inquiry that began hearing about evidence about

1897
01:31:54,640 --> 01:31:57,639
Speaker 24: what led to these deaths, this report will be published

1898
01:31:57,640 --> 01:32:00,599
Speaker 24: at eleven o'clock local time, that is just over three

1899
01:32:00,720 --> 01:32:04,599
Speaker 24: hours time from now. It's going to look at how

1900
01:32:04,720 --> 01:32:07,200
Speaker 24: the tower block came into a condition that allowed the

1901
01:32:07,240 --> 01:32:10,000
Speaker 24: fire to spread. So the claud in that was used

1902
01:32:10,000 --> 01:32:14,360
Speaker 24: to keep it warmer and to effectively insulate it but

1903
01:32:14,479 --> 01:32:17,800
Speaker 24: actually became a sort of fire chapel or caused a

1904
01:32:17,880 --> 01:32:23,040
Speaker 24: system which it's thought ultimately led to it burning burning,

1905
01:32:23,040 --> 01:32:26,800
Speaker 24: more quickly. Successive governments are likely to be criticized. How

1906
01:32:26,840 --> 01:32:29,080
Speaker 24: that the building industry is going to come under fire

1907
01:32:29,320 --> 01:32:33,280
Speaker 24: manufacturers and not least the London Fire Brigade, who already

1908
01:32:33,320 --> 01:32:36,519
Speaker 24: have admitted that their instruction to stay put to the

1909
01:32:36,600 --> 01:32:40,880
Speaker 24: residence was a mistake and was repealed far too late. So,

1910
01:32:41,200 --> 01:32:43,360
Speaker 24: as I mentioned, this report going to be published now

1911
01:32:43,439 --> 01:32:45,720
Speaker 24: three hours time, and it won't make great reading.

1912
01:32:45,520 --> 01:32:49,840
Speaker 3: No, probably not. Hey tell me about the Queen of trash.

1913
01:32:49,920 --> 01:32:54,240
Speaker 24: Ah, Well, this is a business woman in Scandinavia who

1914
01:32:54,840 --> 01:32:56,880
Speaker 24: has made a bit of a sort of self styled

1915
01:32:57,560 --> 01:33:01,360
Speaker 24: thing about being called a Queen of trash Sweden because

1916
01:33:01,600 --> 01:33:05,559
Speaker 24: she stands accused of illegally dumping mountains of waste. It's

1917
01:33:05,600 --> 01:33:09,519
Speaker 24: the country's biggest ever environmental case. Bella Nielsen is one

1918
01:33:09,560 --> 01:33:13,759
Speaker 24: of eleven people charged with what's called aggravated environmental crime.

1919
01:33:14,800 --> 01:33:18,000
Speaker 24: She's chief executive a waste management company and they are

1920
01:33:18,040 --> 01:33:21,640
Speaker 24: accused of dumping or burying two hundred thousand tons of

1921
01:33:21,640 --> 01:33:26,400
Speaker 24: waste in twenty one locations over a five year period. Now,

1922
01:33:26,600 --> 01:33:31,200
Speaker 24: lawyers for her and the chief executor the company say

1923
01:33:31,400 --> 01:33:35,160
Speaker 24: that they deny any wrongdoing, and indeed, earlier they had

1924
01:33:35,200 --> 01:33:39,240
Speaker 24: refused to answers reporters questions, but prosecutors say the way

1925
01:33:39,280 --> 01:33:42,320
Speaker 24: the company mismanaged the waste led to harmful levels of

1926
01:33:42,439 --> 01:33:46,679
Speaker 24: carcinogenic chemicals being released into the air, soil, and water.

1927
01:33:46,760 --> 01:33:49,920
Speaker 24: So we're talking lead, we're talking arsenic and mercury. In

1928
01:33:49,960 --> 01:33:53,320
Speaker 24: one incident, the company waste pile was so close to

1929
01:33:53,360 --> 01:33:56,400
Speaker 24: a nature reserve that it burned for two months after

1930
01:33:56,479 --> 01:34:00,599
Speaker 24: spontaneously combusting. Yeah, I mean it's pretty gruesome. Stuf As

1931
01:34:00,600 --> 01:34:03,960
Speaker 24: I said, they deny the charges and the case now begins.

1932
01:34:04,000 --> 01:34:07,000
Speaker 3: And so what is the punishment that they face.

1933
01:34:09,040 --> 01:34:13,080
Speaker 24: Well, basically, lots of the municipalities in which the waste

1934
01:34:13,120 --> 01:34:17,840
Speaker 24: was done while seeking financial damages and I'm afraid I'm

1935
01:34:17,880 --> 01:34:20,200
Speaker 24: the sort of environmental law it tends to be much

1936
01:34:20,360 --> 01:34:26,000
Speaker 24: less punitive than if it were criminal law. And so

1937
01:34:26,240 --> 01:34:30,160
Speaker 24: one of the particular councils assaught about one hundred and

1938
01:34:30,160 --> 01:34:35,679
Speaker 24: twenty five million krona that's roughly forty million New Zealand dollars.

1939
01:34:36,400 --> 01:34:38,120
Speaker 24: And they're saying, you know, this was the cost of

1940
01:34:38,160 --> 01:34:40,960
Speaker 24: cleaning up the waste. But plenty of people are saying, look,

1941
01:34:40,960 --> 01:34:43,000
Speaker 24: you know, we had to keep our children indoors for

1942
01:34:43,120 --> 01:34:46,240
Speaker 24: miles around because of toxic smoke fumes and we should

1943
01:34:46,280 --> 01:34:48,200
Speaker 24: therefore get compensation too.

1944
01:34:48,360 --> 01:34:50,599
Speaker 3: Yeah, I can see the argument. Okay, now I saw

1945
01:34:50,640 --> 01:34:52,320
Speaker 3: this in the papers that I didn't know if it

1946
01:34:52,360 --> 01:34:55,960
Speaker 3: was real, but genuinely people genuinely turning the pineapple upside

1947
01:34:55,960 --> 01:34:58,559
Speaker 3: down in the shopping trolley in order to find a lover.

1948
01:35:00,160 --> 01:35:02,679
Speaker 24: Yes, believe it or not, So Heather, let me book

1949
01:35:02,720 --> 01:35:05,200
Speaker 24: your space. No, I know you don't need apartment now.

1950
01:35:05,240 --> 01:35:09,400
Speaker 24: But Mrcadona is the name of the supermarkets, and it's

1951
01:35:09,439 --> 01:35:14,240
Speaker 24: a supermarket chain in Spain that's widespread, and between seven

1952
01:35:14,360 --> 01:35:19,840
Speaker 24: and eight pm of a particular evening, single shoppers were told, now,

1953
01:35:19,920 --> 01:35:21,920
Speaker 24: if you're good, if you want, if you want to partner,

1954
01:35:22,040 --> 01:35:24,599
Speaker 24: go and have a look at everybody in there, because

1955
01:35:24,640 --> 01:35:27,880
Speaker 24: between seven and eight pm, anybody that's looking for a

1956
01:35:27,920 --> 01:35:31,160
Speaker 24: partner or a date should buy a pineapple, but turn

1957
01:35:31,200 --> 01:35:34,879
Speaker 24: it upside down in your basket or in your trolley.

1958
01:35:35,320 --> 01:35:38,519
Speaker 24: And yes, believe it or not, they reckon. Dozens of

1959
01:35:38,520 --> 01:35:41,160
Speaker 24: people did just that. There are reports of groups of

1960
01:35:41,200 --> 01:35:44,840
Speaker 24: teenagers pushing trolleys around in stores in the evening with

1961
01:35:44,960 --> 01:35:48,840
Speaker 24: a pineapple turned upside down, but without actually buying any products.

1962
01:35:49,080 --> 01:35:53,240
Speaker 24: One man dressed as a giant pineapple turned up inside

1963
01:35:53,280 --> 01:35:56,240
Speaker 24: his friends as part of a bachelor party celebrations. The

1964
01:35:56,320 --> 01:36:00,200
Speaker 24: police were called to one branch because of rowdy scenes inside,

1965
01:36:00,240 --> 01:36:03,520
Speaker 24: although it was thought they didn't actually any require any intervention.

1966
01:36:04,280 --> 01:36:07,360
Speaker 24: And basically this has all gone on social media. Of

1967
01:36:07,400 --> 01:36:10,240
Speaker 24: course you knew that, you guessed it, but yeah, it's

1968
01:36:10,280 --> 01:36:14,200
Speaker 24: all started with social media. It's become incredibly popular and yes,

1969
01:36:14,280 --> 01:36:18,479
Speaker 24: the humble Pineapple now become the center of pineapple gate.

1970
01:36:18,960 --> 01:36:21,360
Speaker 3: Hilarious, Gavin, thank you very much. I really appreciate it.

1971
01:36:21,400 --> 01:36:24,760
Speaker 3: Gavin Gray, are UK correspondent. Honestly, the thing. Imagine being

1972
01:36:24,800 --> 01:36:26,920
Speaker 3: the person though, like, imagine if it was real. I

1973
01:36:26,920 --> 01:36:28,600
Speaker 3: don't know, it seems like it was a pistake, but

1974
01:36:28,800 --> 01:36:30,880
Speaker 3: I menagine if it was real and you're going around

1975
01:36:30,880 --> 01:36:33,160
Speaker 3: with your pineapple upside down and everybody else finds a lover,

1976
01:36:33,360 --> 01:36:35,840
Speaker 3: and then you're the last person that would suck. That

1977
01:36:35,840 --> 01:36:39,320
Speaker 3: would be enough to keep me out of that, I reckon. Hither,

1978
01:36:39,400 --> 01:36:42,720
Speaker 3: the Irish did build a tunnel and an underpass for

1979
01:36:42,760 --> 01:36:45,639
Speaker 3: trucks that were too low for loaded trucks. So I've

1980
01:36:45,680 --> 01:36:48,879
Speaker 3: got a correspondent from Ireland, actually Tom, who's been emailing.

1981
01:36:48,960 --> 01:36:52,479
Speaker 3: Tom has been sending me examples of all the stupid

1982
01:36:52,479 --> 01:36:54,400
Speaker 3: stuff that they do in Ireland that we do as well,

1983
01:36:54,479 --> 01:36:57,040
Speaker 3: so there is a correlation. I think we found our

1984
01:36:57,040 --> 01:36:59,040
Speaker 3: spirit animals over on the other side of the world.

1985
01:36:59,360 --> 01:37:00,840
Speaker 3: Same same made away from seven.

1986
01:37:01,360 --> 01:37:05,240
Speaker 2: Whether it's macro MicroB or just plain economics. It's all

1987
01:37:05,320 --> 01:37:08,960
Speaker 2: on the Business Hour with Heather Duplicy, Allen and my HR,

1988
01:37:09,280 --> 01:37:13,400
Speaker 2: the HR platform for SME used top um.

1989
01:37:13,960 --> 01:37:16,919
Speaker 3: Okay, listen to this six away from seven. Fascinating revelation

1990
01:37:16,960 --> 01:37:20,280
Speaker 3: from Al Macpherson. She's just written a book, her memoirs.

1991
01:37:20,560 --> 01:37:22,160
Speaker 3: I think it might have been like pre release to

1992
01:37:22,160 --> 01:37:23,920
Speaker 3: people who are reading and writing about it and stuff.

1993
01:37:23,920 --> 01:37:27,200
Speaker 3: And she's revealed that she was diagnosed with breast cancer

1994
01:37:27,280 --> 01:37:29,839
Speaker 3: and she had she had a bit of it removed

1995
01:37:29,840 --> 01:37:33,759
Speaker 3: and then thirty two doctors, thirty two like normally normal

1996
01:37:33,760 --> 01:37:35,639
Speaker 3: people like me and you, we just go maybe one doctor,

1997
01:37:35,680 --> 01:37:37,439
Speaker 3: maybe like a second opinion if we can afford it.

1998
01:37:37,720 --> 01:37:42,040
Speaker 3: Thirty two doctors told her that she needed chemotherapy, so

1999
01:37:42,520 --> 01:37:44,200
Speaker 3: she then didn't do it. So this is how the

2000
01:37:44,240 --> 01:37:45,960
Speaker 3: story goes, right, She had a lumpic to me to

2001
01:37:46,000 --> 01:37:48,680
Speaker 3: remove cancerous tissues seven years ago hang on a tech,

2002
01:37:48,680 --> 01:37:51,639
Speaker 3: I'm going to stop this printer to hang on, Lord,

2003
01:37:51,720 --> 01:37:53,639
Speaker 3: what is it doing. It's like printing a tree.

2004
01:37:54,000 --> 01:37:56,040
Speaker 23: Pull the paper tray out and it'll stop by you

2005
01:37:56,040 --> 01:37:56,320
Speaker 23: do we go?

2006
01:37:57,360 --> 01:38:00,320
Speaker 3: Thank you ants. You're like the it people her go

2007
01:38:00,439 --> 01:38:02,479
Speaker 3: turn it off, tended on and generally it's true. But

2008
01:38:02,520 --> 01:38:04,320
Speaker 3: actually this time I did pull the paper tray out first.

2009
01:38:04,320 --> 01:38:05,600
Speaker 3: But thank you ads, but I did it.

2010
01:38:05,640 --> 01:38:07,200
Speaker 23: I always want me hear the sorry about that.

2011
01:38:07,240 --> 01:38:09,599
Speaker 3: Proud of myself right now. Feeling quite toughed anyway. So

2012
01:38:09,640 --> 01:38:12,559
Speaker 3: seven years ago she had a lumpectomy to remove cancerous

2013
01:38:12,560 --> 01:38:15,240
Speaker 3: tissue and then after her diagnosis, the doctors, thirty two

2014
01:38:15,280 --> 01:38:18,600
Speaker 3: of them, told her she needed a mistectomy with radiation, chemotherapy,

2015
01:38:18,640 --> 01:38:21,400
Speaker 3: hormone therapy, and a breast reconstruction, but she decided to

2016
01:38:21,400 --> 01:38:23,800
Speaker 3: go all hippy dippy instead, and so she went for

2017
01:38:23,840 --> 01:38:27,120
Speaker 3: a heart led holistic approach. She spent eight months under

2018
01:38:27,160 --> 01:38:29,920
Speaker 3: holistic treatment in Phoenix, Arizona, where she was supported by

2019
01:38:29,960 --> 01:38:36,520
Speaker 3: her personal doctor, her holistic dentist, her osteopath, her chiropractice,

2020
01:38:36,520 --> 01:38:39,160
Speaker 3: her natural path and two therapists, and they focused on

2021
01:38:39,200 --> 01:38:42,759
Speaker 3: addressing emotional as well as physical factors associated with breast cancer.

2022
01:38:43,080 --> 01:38:45,639
Speaker 3: She spent her days focusing and devoting every single minute

2023
01:38:45,680 --> 01:38:48,840
Speaker 3: to healing herself. Not everyone in the family was stoked

2024
01:38:48,840 --> 01:38:50,800
Speaker 3: about it. One son was like, Yep, you should do this.

2025
01:38:50,800 --> 01:38:52,439
Speaker 3: The other son was like, no, this is a really

2026
01:38:52,520 --> 01:38:56,559
Speaker 3: bad idea. She is now in clinical remission. It actually

2027
01:38:56,600 --> 01:38:59,960
Speaker 3: worked and she now adheres to an elaborate wellness Reich

2028
01:39:00,320 --> 01:39:04,439
Speaker 3: routine including meditation, acupuncture, cold plunging, sound healing, a plant

2029
01:39:04,479 --> 01:39:07,640
Speaker 3: based diet, tea ceremonies, sessions in an infrared sauna, and

2030
01:39:07,680 --> 01:39:09,800
Speaker 3: taking a range of supplements and elyixes from your own

2031
01:39:09,840 --> 01:39:12,400
Speaker 3: wellness brand. There you go, ants, there you go.

2032
01:39:12,520 --> 01:39:14,760
Speaker 23: I mean, maybe the holistic dentist charges a bit less

2033
01:39:14,760 --> 01:39:15,599
Speaker 23: than a regular dentist.

2034
01:39:15,640 --> 01:39:17,880
Speaker 3: I'll be willing to take such a website as.

2035
01:39:19,040 --> 01:39:21,760
Speaker 23: Electric Avenue. The lineup is out for this festival that

2036
01:39:21,840 --> 01:39:24,160
Speaker 23: runs in christ Chtcha Hagley Park over two days for

2037
01:39:24,160 --> 01:39:25,720
Speaker 23: the first time actually next year twenty first and the

2038
01:39:25,720 --> 01:39:27,960
Speaker 23: twenty second of February. A headliner for the Friday is

2039
01:39:28,000 --> 01:39:30,840
Speaker 23: going to be Chasing's status headliner on the Saturday. I

2040
01:39:30,880 --> 01:39:33,120
Speaker 23: think this is their first return to New Zealand since

2041
01:39:33,200 --> 01:39:36,360
Speaker 23: twenty nineteen. The Prodigy so we're going to We'll be

2042
01:39:36,360 --> 01:39:38,560
Speaker 23: going out with Breathe by the Prodigy. Other stuff on

2043
01:39:38,600 --> 01:39:42,120
Speaker 23: the line up, Empire of the Sun, Tashahana, Lab Wilkinson,

2044
01:39:42,200 --> 01:39:45,120
Speaker 23: Krung beIN, the Cooks, Rudimental and the Dudes are going

2045
01:39:45,160 --> 01:39:46,280
Speaker 23: to do set as well.

2046
01:39:46,520 --> 01:39:48,439
Speaker 3: I like the Cookes and I like Empire of the

2047
01:39:48,479 --> 01:39:50,519
Speaker 3: Sun and actually went to see the Dudes the other day. Hey,

2048
01:39:50,600 --> 01:39:51,879
Speaker 3: you were going to tell me about pineapples.

2049
01:39:52,960 --> 01:39:56,040
Speaker 23: Oh look, yeah, the upside down pineapple whither. I have

2050
01:39:56,200 --> 01:39:59,719
Speaker 23: heard that that's traditionally a symbol of swingers. So possibly

2051
01:39:59,720 --> 01:40:01,559
Speaker 23: that's wh why all the people in the supermarket were

2052
01:40:01,600 --> 01:40:03,240
Speaker 23: so keen to dress up and get into it. And

2053
01:40:03,280 --> 01:40:05,720
Speaker 23: that story Gavin was telling us about too right.

2054
01:40:05,880 --> 01:40:07,560
Speaker 3: Interesting, there you go. Yeah you thought you were just

2055
01:40:07,600 --> 01:40:11,720
Speaker 3: going to get a lover rackets s lovers. Okay, now

2056
01:40:11,760 --> 01:40:13,160
Speaker 3: I'm going to start the printer up again.

2057
01:40:13,800 --> 01:40:24,040
Speaker 25: Off you go, Thank you Antsy Tomorrow

2058
01:40:33,400 --> 01:40:36,560
Speaker 2: For more from Heather Duplessy Allen Drive listen live to

2059
01:40:36,680 --> 01:40:39,719
Speaker 2: news talks he'd be from four pm weekdays, or follow

2060
01:40:39,760 --> 01:40:41,520
Speaker 2: the podcast on iHeartRadio.