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Speaker 1: Your source of breaking news, Challenging Avillion and honored Facts,

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Speaker 1: The Mike Hosking Breakfast with Veda, Retirement Communities, Life Your

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Speaker 1: Way News, Togstad.

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Speaker 2: B Awning, Welcome today. The Reserve Bank governor is twenty

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Speaker 2: five points and missing the Q two contraction completely. We'll

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Speaker 2: talk to theesas boss about our terror threat. More good

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Speaker 2: news from the Kiwi fruit Department. Nick Bryant, our old

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Speaker 2: mate's back for a Trump debrief after eight. Joe mckennon's

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Speaker 2: and Rome rod Little pops in from the UK pasking

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Speaker 2: seven past six right. Two things for me that came

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Speaker 2: out of the Reserve Bank commentary, the press conference post

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Speaker 2: the announcement should be a must watch for us. All

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Speaker 2: the insights invaluable. On one hand, the genius three who

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Speaker 2: turn up, Karen, Paul and Christian tell us what they've

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Speaker 2: done will flow through. In other words, don't panic, it

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Speaker 2: will flow through. I'll come back to that. But then

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Speaker 2: they tell you they got it wrong in Q two.

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Speaker 2: There was less than no growth in the second quarter.

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Speaker 2: They didn't see it, so bullish and their talents on

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Speaker 2: one hand, hopelessly wanting. On the other, the vote, by

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Speaker 2: the way, was four to two. That's never happened before.

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Speaker 2: Two votes wanted fifty. I want to know who they

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Speaker 2: are because they would appear to actually get it. What

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Speaker 2: the confession of no growth in Q two tells you

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Speaker 2: is if they had seen it, could they have done more.

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Speaker 2: Don't answer that because the answer is yes, yes, yes, yes, yes, yes,

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Speaker 2: and yes now because they botched it, they're going most

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Speaker 2: likely down to two point five percent now for the cashwak.

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Speaker 2: The other interesting thing for me is I'm a big

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Speaker 2: believer in psychology. The economy is about much more than

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Speaker 2: stats and data. It's about mood. It's the vibe. It's marbo.

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Speaker 2: They talked of the cautious nature of our behavior. I

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Speaker 2: would argue they are part of the problem. They look cautious,

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Speaker 2: they look circumspect. They look like wonks who don't get

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Speaker 2: out a lot, certainly don't get out into the real

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Speaker 2: world where the majority of us have been seeing the

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Speaker 2: records of our economy for most of the year. They

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Speaker 2: don't vibe it. They don't sell it. Which is not

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Speaker 2: to say they should be show ponies, But my word,

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Speaker 2: what a boring bunch they are with spreadsheets for friends.

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Speaker 2: This economy needs a cheerleader. It needs a significant impact

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Speaker 2: of influential and loud voice for its merits. Hawksby Silk

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Speaker 2: and Conway are not it. It should have been fifty.

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Speaker 2: It should have been fifty before yesterday because it wasn't.

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Speaker 2: The economy stalled and they didn't see it coming. Basically,

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Speaker 2: I mean, if you can't see that, how does that

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Speaker 2: incite confidence? For goodness sake? So at least two more cuts.

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Speaker 2: But why are we waiting? They will argue, because the

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Speaker 2: two hundred and fifty points will flow through, will they really?

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Speaker 2: We'll let the record show to this point we are

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Speaker 2: more right than they are.

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Speaker 1: Who news of the world in ninety second.

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Speaker 2: Lot of stuff going on in Britain as we speak.

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Speaker 2: Firstly the fallout yesterday's epping migrants hotel court decision reform

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Speaker 2: who have been making this their reason for being as stoked.

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Speaker 3: The only way that people can feel truly safe in

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Speaker 3: this country, and the only way that we will get

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Speaker 3: a sense of fairness back in this country is through

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Speaker 3: deporting the people who are illegally and for that we

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Speaker 3: need a reform majority of the next general election.

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Speaker 2: Other councilors have seen this and gone, How'll tell you what.

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Speaker 2: We'll have a bit of that.

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Speaker 4: We decided that we would start seeking the same legal

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Speaker 4: advice in the pathway that epping has gone down. Our

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Speaker 4: families in Nello children in Nello's children need to go

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Speaker 4: to school. That is in packed in the schools massively

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Speaker 4: and impacting GP services.

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Speaker 2: Are locals mixed about.

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Speaker 5: They've got to go somewhere.

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Speaker 6: They're in the country and they've got to be somewhere,

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Speaker 6: haven't they.

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Speaker 7: We need to look after our own people.

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Speaker 8: We know we need to save our own services.

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Speaker 7: If we was in a position where we could help, well,

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Speaker 7: maybe we could.

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Speaker 2: As far as the economy goes light as inflation numbers

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Speaker 2: were down.

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Speaker 3: Our price rises are disappointing for everybody.

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Speaker 7: We've seen energy prices come down in July, but they're

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Speaker 7: still too high.

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Speaker 3: That's why it's so important that we keep easing the

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Speaker 3: cost of living, keep acting on that.

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Speaker 2: They also get an accoun from the Russians, who banned

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Speaker 2: another bunch of NGOs in June.

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Speaker 9: Response to London's ongoing confrontational course, the Russian Foreign Ministry said,

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Speaker 9: which includes efforts to demonize our country, fabricating anti Russian narratives,

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Speaker 9: pumping weapons into the neo Nazi regime, in.

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Speaker 2: Ki, then starts out the redistributing of Texas unfolding as

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Speaker 2: we speak.

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Speaker 10: You want transparency, here's the US Supreme Court legal transparency.

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Speaker 10: The underlying goal of this plan is straightforward improve Republican

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Speaker 10: political performance.

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Speaker 2: Finally, also stayed side. Elon Musk has called off his

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Speaker 2: plans to create a third major US political party. No

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Speaker 2: predical who saw that coming. The American Party was a

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Speaker 2: thing for less than about three months, and mainly it

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Speaker 2: was in his head. It came out of the Trump

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Speaker 2: Musk love and ending in tears. He's told people he

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Speaker 2: wants to focus more on this business. That'll be quite useful.

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Speaker 2: He doesn't want to split votes. Could have told them

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Speaker 2: that on day one. And he wants to maintain his

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Speaker 2: relationship with JD. Vance. You know why hashtag twenty twenty

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Speaker 2: eight are that's news of the world in ninety Yeah,

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Speaker 2: those numbers in Britain they were dreadful three point eight.

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Speaker 2: I mean they're chasing the Bank of England chasing two percent.

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Speaker 2: So it was a fas and food three point eight,

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Speaker 2: nowhere near it. In Japan didn't had a good day yesterday.

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Speaker 2: Their exports down two zero point six percent year on year,

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Speaker 2: that's the biggest drop in several years. So they got

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Speaker 2: some problems that there's a possibility some people suggesting the

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Speaker 2: possibility there of a recession. Twelve past secon.

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

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Speaker 1: by News Talks EBB.

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Speaker 2: You're following the latest corporate shakedown. This is Intel. The

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Speaker 2: Trump administration working on a deal that could see their

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Speaker 2: government taking a ten percent stake in Intel, swapping existing

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Speaker 2: government grants for Intel shares in what they call a

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Speaker 2: highly unusual move. So first it's in video. Now it's Intel.

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Speaker 2: Fifteen past six from I'm Jimi Wealth Andrew Keller her

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Speaker 2: good morning. So what do you make of yesterday?

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Speaker 8: Well, it was interesting.

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Speaker 2: Wasn't it.

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Speaker 11: I thought it was described as as a dubbish pivot,

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Speaker 11: but it felt a bit more pronounced than that, didn't it.

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Speaker 8: So yeah, for at the headline app from very much expected.

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Speaker 11: They dropped the official cash right to three percent, But

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Speaker 11: it was the big shift in the background and in

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Speaker 11: the positioning starts of the bank that I think stole

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Speaker 11: the show. So Mike, just let's just refresh this last

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Speaker 11: two meetings.

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Speaker 2: What have we had.

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Speaker 11: We've had a pause and we had a twenty five

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Speaker 11: basis point cup, with one member of the committee not

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Speaker 11: agreeing in the OCR bottoming out just under three percent. Well,

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Speaker 11: now we've got the OCR bottoming out at two and

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Speaker 11: a half percent approximately, and a massive change in tone.

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Speaker 2: And I don't want to highlight a couple of things.

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Speaker 11: We haven't got long enough to go into the whole thing,

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Speaker 11: but I want to highlight a couple of things now.

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Speaker 11: It's not where inflation is now. That comes through in

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Speaker 11: the statement, and even the Bank says that monetary policy

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Speaker 11: right now can't do anything about inflation in the September

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Speaker 11: qorder right now.

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Speaker 2: What this is about, it's.

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Speaker 11: About spare capacity in the economy because despite the short

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Speaker 11: term inflation pressure, significant spare capacity continues to reduce.

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Speaker 2: Domestic price pressures.

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Speaker 11: That's their words, exactly so, and that's described as being

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Speaker 11: one of the key judgments here. So the market interest

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Speaker 11: rate market really picked up on two things. The change

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Speaker 11: in the OCR track so that two and a half

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Speaker 11: percent by the end of this year or early next year.

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Speaker 11: And what you've just referred to the somory of the

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Speaker 11: meeting voting revealed they had two options on the table.

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Speaker 11: One was a twenty five basis point cut, one was

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Speaker 11: a fifty basis point cut, and two members voted for

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Speaker 11: the fifty basis point cut. Also, Mike, I want to

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Speaker 11: point out something else. The comments in the NPS reflected.

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Speaker 11: There were some comments that reflect a conversation we had

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Speaker 11: the other day. Certain aspects of spending described in the

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Speaker 11: document as essential expenditure components food, gas, electricity rates. Oh, surprise, surprise, Mike,

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Speaker 11: they've gone up by more than inflation. And that's one

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Speaker 11: of the factors that are going to contribute to a

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Speaker 11: slower recovery in domestic spending.

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Speaker 8: And that's exactly what we've.

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Speaker 11: Seen this here, hasn't it a slow recovery in domestic spending?

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Speaker 11: Let me translate this.

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Speaker 8: You get a boost in your household income from lower.

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Speaker 11: Mortgage rates, but it partially has to go to the

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Speaker 11: fact that these essential items have all gone up, so

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Speaker 11: you got no money left for anything else. So you

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Speaker 11: add to that a week of labor market so people

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Speaker 11: are working for you. Ours saw that in the neighbor

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Speaker 11: lembers the other day. Household to savings and what have

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Speaker 11: you got? You've got a slow recovery. Now you pointed

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Speaker 11: out growth of the second quarter estimated to now be

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Speaker 11: negative negative impact of slow and migration.

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Speaker 8: And there's also might in there.

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Speaker 11: There's a box in the monetary policy statement about business visits.

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Speaker 11: They actually went out and they spoke to some people.

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Speaker 11: I think the feedback they got from those could have

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Speaker 11: been quite influential.

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Speaker 8: In other words, people will say.

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Speaker 2: Jesus, not that great out there? Was it all mean?

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Speaker 7: Well?

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Speaker 2: Wholestle interest rates dropped low.

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Speaker 11: Mike' swap rates one to two years around seventeen bases

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Speaker 11: points low.

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Speaker 2: That's a big move in that market.

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Speaker 8: Long rates a little less.

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Speaker 11: Should feed through to mortgage rates should key We doll

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Speaker 11: it down sharply fifty nine cents when we spoke yesterday

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Speaker 11: fifty eight to thirty Shaer market liked it. Also rates

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Speaker 11: that going to be low for longer. Look, there's other

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Speaker 11: aspects we don't have time to talk about, Mike. The

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Speaker 11: fact that they noted that monetary policy can only do

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Speaker 11: so much work. There's a nod to the government there.

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Speaker 11: There's still uncertainty out there. They're trying to lift confidence.

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Speaker 11: But fascinating day was so it.

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Speaker 2: Was disappointing and fascinating at the same time. Are you

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Speaker 2: and I going to be alive when Fletcher's come to

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Speaker 2: the departing and go, Jesus, it's been a good year.

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Speaker 11: We've we've got if we get that, we've got We've

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Speaker 11: got the pop Champagne cooks, haven't we?

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Speaker 7: So yeah.

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Speaker 8: Fletcher Building FY twenty five results.

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Speaker 2: Two things.

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Speaker 11: I guess the results including significant items was pretty grim.

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Speaker 11: And then you've got to sift through to have a

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Speaker 11: look at the underlying profit. Take those big numbers out.

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Speaker 11: Revenue down nine percent, earning s threunder and eighty four

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Speaker 11: million looks weak. That reflects construction and you know, and

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Speaker 11: the operating environment. The significant items were well micd they

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Speaker 11: were significant, seven hundred and two million dollars worth of

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Speaker 11: significant net loss of four hundred and ninety million. The

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Speaker 11: year described as being the most one of the most

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Speaker 11: demanding years in recent memory. The result was slightly ahead

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Speaker 11: of guidance when you look through the underlying level costs

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Speaker 11: of being reduced.

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Speaker 2: Looking for a.

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Speaker 11: Sale of construction business, no detailed forward guidance. Yeah, but

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Speaker 11: New Zealand volumes expect to be soft through the rest

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Speaker 11: of the Australia.

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Speaker 2: Better than mixing. Yes, we all long for a day

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Speaker 2: the Fletcher.

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Speaker 11: Building can announce a result without significant items.

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Speaker 2: I would ask you about that bark, but I don't

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Speaker 2: want to be any all depressed. Just get just give

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Speaker 2: me the numbers.

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Speaker 8: I'll give you the numbers.

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Speaker 2: Here we go.

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Speaker 8: The US market's a little bit weak, actually.

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Speaker 11: The Dow Jones is down as I'm looking at it now,

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Speaker 11: it's down one hundred and two points point two two

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Speaker 11: percent forty four thousand, eight hundred and twenty two. The

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Speaker 11: S and P five hundred down thirty three points sixty

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Speaker 11: three seven seven, about half percent. The Nasdak down more.

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Speaker 11: There's a bit of rotation out of tech and into

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Speaker 11: other things. The Nastak's down one point two percent twenty

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Speaker 11: one thousand and fifty eight for two one hundred game

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Speaker 11: one percent yesterday, Happy Days are nine to eight eight.

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Speaker 2: The Nike A You're not great.

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Speaker 11: They're down one and a half percent, six hundred and

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Speaker 11: fifty seven points forty two thousand, eight hundred and eighty eight.

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Speaker 11: Shanka Composite up one percent, three seven sixty six. The

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Speaker 11: Aussie's game quarter percent yesterday eight nine one seven. As

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Speaker 11: I said, ends next fifty loved it up one point

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Speaker 11: one percent one hundred and forty three points thirteen thousand

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Speaker 11: and seventy one key we doll a weaker point five

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Speaker 11: eight three two against the US point nine oh six

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Speaker 11: so against the OSSI point four nine nine nine against

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Speaker 11: the Euro point four to three three one pounds eighty

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Speaker 11: five point seventy nine Japanese yeen gold three three hundred

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Speaker 11: and forty six dollars breakthrough sixty six dollars and eighty cents.

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Speaker 2: Big day, Good on your mate, see tomorrow. Andrew kellahead

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Speaker 2: jomowalth dot co dot m zre Go. Sony's putting another

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Speaker 2: fifty bucks on their PlayStation five only in America. And

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Speaker 2: you know why, mind you? PopMart? Who are the people

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Speaker 2: behind the labubus they've pronounced there isn't it? Isn't it ironic

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Speaker 2: that we've got no money for butter, but we've got

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Speaker 2: money for labuobas. Popmart's net profits sword three hundred and

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Speaker 2: ninety six point five percent for the first six months

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Speaker 2: of twenty twenty five six twenty one.

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Speaker 7: You're a News Talks.

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Speaker 1: Good the Mike Hosking Breakfast Full Show podcast on iHeartRadio

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Speaker 1: powered by News Talks It.

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Speaker 2: Be Morning, Mike. You totally on the mark in relation

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Speaker 2: to the ineptness of the Reserve Bank. They've got a

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Speaker 2: history over the last five years of being woefully inadequate

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Speaker 2: as to monetary policy. The words of Adrian All saying

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Speaker 2: we've got this resonates strongly with me. Nothing could be

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Speaker 2: further from the tooth. Thank you James. The RB. Mike

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Speaker 2: is realized that interest rate cuts might not be enough

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Speaker 2: to kickstart the economy. There's novous supply of houses for sale,

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Speaker 2: so the housing market is not rising. Therefore everyone feels skinned.

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Speaker 2: That's true. Very interesting comments yesterday from them. They were wondering,

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Speaker 2: they don't have an answer. They were wondering how capable

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Speaker 2: New Zealand is of spending money. If we're not sitting

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Speaker 2: there in our houses going to tell you what, we

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Speaker 2: feel a bit better about ourselves. So if the housing

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Speaker 2: market doesn't move, can the economy grow simply by having

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Speaker 2: the fundamentals grow. I thought it was an interesting thing

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Speaker 2: to contemplate, because it might well be the housing market

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Speaker 2: isn't going to grow that much.

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Speaker 7: Mike.

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Speaker 2: We're in the marine industry. I can tell you we've

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Speaker 2: been surviving on the aqua lung. Hope to move to

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Speaker 2: the snorkel soon and maybe get our head above water

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Speaker 2: by next year, if we haven't drowned first. It's very

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Speaker 2: nicely pott interesting. Also the four to two thing they

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Speaker 2: can out themselves, stupidest rule going. If you're having the

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Speaker 2: declaration of the vote four to two, who are they?

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Speaker 2: And why don't they come forward? And why don't we

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Speaker 2: simply have a you know, Bob and Jane voted four

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Speaker 2: fifty while the other two voter for twenty five? Why

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Speaker 2: do I want to do? That's? Why are they? What

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Speaker 2: are they're scared of? Don't they believe what they're saying? Anyway,

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Speaker 2: I'll ask Christiana about that latest six twenty five.

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Speaker 1: Trending now with one Square House and your one star

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Speaker 1: for Father's Day, Fragrance.

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Speaker 2: Now Fallout it's got a second season, revealed a games Con,

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Speaker 2: world's largest gaming event. Now if you don't know what

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Speaker 2: we're talking about. Fallouts, based on the game, has sold

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Speaker 2: over sixty five million copies and various titles. Season one

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Speaker 2: got over one hundred million viewers globally. It's still on

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Speaker 2: Amazon top three most watched series ever. So our Trader

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Speaker 2: this Morning has the characters coming across New Vegas, which

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Speaker 2: is the location for the most successful for that game.

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Speaker 2: I'm looking for someone common story around here, someone you

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Speaker 2: care about her, someone you hate. Oh what a great question.

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Speaker 2: What's seeing you, miss McLay.

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Speaker 12: I know there's a war coming. The bombs will only

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Speaker 12: be the beginning. My concern is that you would do

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Speaker 12: just about anything deceive your family. I think you are

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Speaker 12: actually quite a violent man. You just don't want to

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Speaker 12: kill me yet.

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Speaker 2: I'd deferred to you about what to do in this situation.

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Speaker 2: So Ella Peranella's back, along with Walton Goggins. I think

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Speaker 2: we all like Walton Goggins now because of you know what.

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Speaker 2: And we've got a new character called Robert House played

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Speaker 2: by Justin Throw. Remember Justin Threw, Justin and Old Watson.

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Speaker 2: I saw the promo. They put out an extended promo

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Speaker 2: this morning from the Morning Show, Jennifer Anderston being the

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Speaker 2: you know who. It looks so woke. I started out

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Speaker 2: season one was good. By now it is like, oh

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Speaker 2: my god. Anyway, Amazon Prime for the other one December seventeen.

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Speaker 2: You shortly then we'll give them. How about we go

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Speaker 2: to the dentist next time?

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Speaker 1: The News and the newsmakers the Mic asking Breakfast with

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Speaker 1: Raindrover leading by example. News togs dead been.

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Speaker 2: Maloney's take on Washington is very positive, although she too

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Speaker 2: got spring by a hot mic moment. So we'll talk

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Speaker 2: to Joe short They meantime of twenty three away from

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Speaker 2: seven New Day, New idea for dentist Freed. The Dental

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Speaker 2: Associations launching their new roadmap with a call through action. Basically,

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Speaker 2: the focus is on floridation, drink levies, work for Sure,

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Speaker 2: workforce shortages, and universal care. Doctor Robin Wyman is the

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Speaker 2: Dental Association policy director. In his back with us, Robin morning,

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Speaker 2: good morning, Wake. You've got such a hard road of

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Speaker 2: ho haven't you. I mean, we've talked about this a

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Speaker 2: million times over the years, and do you feel like

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Speaker 2: you're gaining anything tangibly over the years.

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Speaker 13: Well, we do think we're making some gains. I think

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Speaker 13: we've had a very good gain in terms of coverage

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Speaker 13: for community water floridation in the last four or five years.

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Speaker 13: That's extended from about fifty percent to sixty percent. And

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Speaker 13: we've also seen an increase in the funding available for

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Speaker 13: special needs grants for adults who are eligible for that

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Speaker 13: from working income New Zealand. But to be honest, Mike,

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Speaker 13: we need to do a whole lot more.

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Speaker 2: Yes, you do, and I wish you wouldn't. I wish

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Speaker 2: you well with it. There's a couple of things. There's

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Speaker 2: so fluoridation. What do you make of the councilors who

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Speaker 2: push back. So Bloomfield before he left and Savati these

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Speaker 2: days goes you've got to fluoridate and they push back.

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Speaker 2: Councils push back, what do you make of that?

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Speaker 13: We think that we had always thought that the problem

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Speaker 13: with trying to make that decision at a local government

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Speaker 13: level is it's quite a controversial and at times complex

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Speaker 13: issue which requires weighing up health issues with cost issues

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Speaker 13: and technical issues. And that's why we think it's really

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Speaker 13: a public health decision that needs to be made, and

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Speaker 13: we think the decision making is in the right place.

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Speaker 7: All right.

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Speaker 2: So the couple of things you're never going to win

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Speaker 2: on as far as I can work out that your

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Speaker 2: levees they're not coming, and universal care isn't coming either.

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Speaker 2: Is that fair? As much as you may want them,

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Speaker 2: and as much as you may argue they're good, they

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Speaker 2: don't appear to be coming at the moment.

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Speaker 13: We would say that the levee on sugar or sugary

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Speaker 13: drinks is something that we need to work a whole

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Speaker 13: lot harder on if we're going to see change. But

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Speaker 13: we also look at other countries that are not too

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Speaker 13: far away in terms of the way they run themselves,

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Speaker 13: like the UK, who've seen a big gain from that,

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Speaker 13: and so we will continue to talk about that. When

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Speaker 13: we're talking about universal care, we talk about universal health coverage,

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Speaker 13: and that isn't actually about universal free care. What that's

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Speaker 13: talking about is saying it's important that we make sure

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Speaker 13: that care is universally accessible, but that we target and

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Speaker 13: identify the groups where we would best spend our money

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Speaker 13: to improve coverage and access to care, both in terms

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Speaker 13: of need and groups who are finding it hardest to

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Speaker 13: access care, and that's where we think we should put

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Speaker 13: the priorities.

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Speaker 2: I've never had a problem getting a dentist, and I've

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Speaker 2: changed dentists a number of times, and I'm at the

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Speaker 2: dentists quite a bit. So is there a workforce shortage

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Speaker 2: in that GP ish kind of way or not.

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Speaker 13: It's similar to the GP issue in some ways. We

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Speaker 13: have a big distribution problem. So if you look at

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Speaker 13: the map of where dentists are in the country, in

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Speaker 13: the big urban centers, particularly Auckland and West Auckland and

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Speaker 13: North North Shore. Very good coverage of dentists in those areas.

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Speaker 13: But once you start to get to provincial New Zealand,

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Speaker 13: even South Auckland, but some quite large areas of provincial

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Speaker 13: New Zealand, even Taranaki, we have very low numbers of

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Speaker 13: dentists for the population and so provincial and rural New

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Speaker 13: Zealand is not finding it is easy to get access

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Speaker 13: to a dentist.

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Speaker 2: We're sure the best with a campaign Robin wym At

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Speaker 2: doctor Robin Wyman, New Zealand Dental Association with US. I

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Speaker 2: don't know. It's not all bad on the economy. By

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Speaker 2: the way, We've got very good news from the Kubu fruit,

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Speaker 2: so we'll go to that in the next half our

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Speaker 2: twenty two.

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

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Speaker 1: by News Talks.

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Speaker 2: AB now Daffodil Bay just around the corner. It's Friday week,

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Speaker 2: Tomorrow week, August twenty nine. Chants for us all to

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Speaker 2: support the one in three New Zealand is affected by cancer.

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Speaker 2: This way A and Z By the way, very proud

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Speaker 2: partner of the Cancer Society thirty five years and counting

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Speaker 2: stands with our community and supporting this very important issue.

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Speaker 2: So this Daffodil Day, your donation's going to help provide

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Speaker 2: vital care, transport to treatment, nurses, accommodation, counseling, all the

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Speaker 2: good stuff. It also supports prevention programs and research helping

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Speaker 2: improve the outcomes for future generation. So you wear the yellow,

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Speaker 2: you buy the daffodil, You show you your support. The

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Speaker 2: good looking ones. This year, you know some of years.

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Speaker 2: This year is a very good looking daffodil. Anyway, you

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Speaker 2: can go one step further if you want to make

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Speaker 2: it a nation, because every daffodil, every dollar, every little

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Speaker 2: bit of kindness counts. It's about care, it's about hope,

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Speaker 2: it's about standing with those who need it most. So

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Speaker 2: to make it count, your text, donate the word, Donate

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Speaker 2: the word so donat Text that to three four nine

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Speaker 2: three and you'll make an instant three dollars the nation

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Speaker 2: to the Cancer Society. ASKI my so far too expensive

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Speaker 2: for my dental work? My wife needs four fellings, one

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Speaker 2: crown and dentches. It's a lot of work. Scotti eighty

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Speaker 2: five hundred dollars. I got to say I'm no real expert,

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Speaker 2: but no, a bit about four fillings one crown and

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Speaker 2: dentches for eighty five hundred dollars not bare. I mean,

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Speaker 2: you know, I know it's a lot of money, but

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Speaker 2: it's not bad. But then again, if it's too expensive

438
00:20:05,119 --> 00:20:07,320
Speaker 2: for you, who do you expect to pay? For goodness sake? Mike?

439
00:20:07,359 --> 00:20:10,959
Speaker 2: While a bigger rate cut is needed to bring down

440
00:20:11,000 --> 00:20:12,879
Speaker 2: mortgage rates, the government needs to bring in the council

441
00:20:12,920 --> 00:20:15,640
Speaker 2: rate cap immediately. Couldn't agree. More so when Hawksby talks about,

442
00:20:15,680 --> 00:20:17,120
Speaker 2: you know, inflation's falling? Inflation?

443
00:20:17,280 --> 00:20:17,560
Speaker 14: Is it?

444
00:20:18,080 --> 00:20:22,200
Speaker 2: Honestly? Where two point seven and rising? Probably breaching three?

445
00:20:22,760 --> 00:20:25,199
Speaker 2: And he's saying it will come down? How because the

446
00:20:25,320 --> 00:20:29,520
Speaker 2: drivers of it, the insurance, the rates, the power. Are

447
00:20:29,520 --> 00:20:31,200
Speaker 2: they going to be coming down as all of a sudden,

448
00:20:31,200 --> 00:20:33,080
Speaker 2: your council instead of sending you the bill for twelve

449
00:20:33,160 --> 00:20:35,679
Speaker 2: this year, it's going to be one next year, is it?

450
00:20:35,800 --> 00:20:35,879
Speaker 13: No?

451
00:20:37,320 --> 00:20:38,720
Speaker 2: So where's the inflation vanishing?

452
00:20:38,760 --> 00:20:43,480
Speaker 1: To six forty five International correspondence quid ends an eye

453
00:20:43,480 --> 00:20:45,879
Speaker 1: insurance peace of mind for New Zealand business.

454
00:20:45,880 --> 00:20:47,760
Speaker 2: They're Italy join McKenna, very good morning to you.

455
00:20:48,560 --> 00:20:51,520
Speaker 15: Good morning, Mike. I see it's for Chilian Auckland this morning.

456
00:20:51,720 --> 00:20:53,760
Speaker 2: Will you say that? But why, I was talking to

457
00:20:53,800 --> 00:20:56,359
Speaker 2: my glorious wife yesterday, and we've had the best winter.

458
00:20:57,280 --> 00:20:59,600
Speaker 2: We've had clear blue sky days. And I mean, I'm

459
00:20:59,600 --> 00:21:01,359
Speaker 2: sitting here talking to you in our six degrees A

460
00:21:01,440 --> 00:21:04,240
Speaker 2: six degrees called for you? Is that kind stop the world?

461
00:21:04,280 --> 00:21:06,760
Speaker 2: It's not chilly. I mean, it's a little bit. She

462
00:21:06,880 --> 00:21:10,680
Speaker 2: is not bad. But anyway, maloney, she's she feels pretty

463
00:21:10,680 --> 00:21:11,439
Speaker 2: good about Washington.

464
00:21:12,240 --> 00:21:13,720
Speaker 15: Yes, I think she's on a bit of a high.

465
00:21:13,800 --> 00:21:16,119
Speaker 15: She's gone on vacation, but I think she was looking

466
00:21:16,240 --> 00:21:20,480
Speaker 15: very triumphant and posting lots of images of herself presenting

467
00:21:20,520 --> 00:21:24,520
Speaker 15: I thought was a very impressive discourse there in Washington

468
00:21:24,760 --> 00:21:27,800
Speaker 15: in English. But she's getting into a bit of trouble

469
00:21:27,840 --> 00:21:31,439
Speaker 15: because she's been avoiding the media as usual. And she

470
00:21:31,600 --> 00:21:36,200
Speaker 15: made an off my comment saying that President Trump obviously

471
00:21:36,240 --> 00:21:39,280
Speaker 15: loves the media, loves talking, and she, on the contrary,

472
00:21:39,440 --> 00:21:41,040
Speaker 15: never wants to talk to the press.

473
00:21:43,400 --> 00:21:45,840
Speaker 2: How are we work in your cage. We've got a

474
00:21:45,840 --> 00:21:48,439
Speaker 2: great access to the Prime minister in most top politicians

475
00:21:48,440 --> 00:21:51,480
Speaker 2: on a regular basis. Does she do a weekly thing

476
00:21:51,880 --> 00:21:54,439
Speaker 2: or you never hear from her or what not?

477
00:21:54,560 --> 00:21:56,679
Speaker 15: At all. In fact, since she's coming up to her

478
00:21:56,720 --> 00:21:59,439
Speaker 15: third anniversary as Prime Minister now, she's never done a

479
00:21:59,440 --> 00:22:02,800
Speaker 15: press conference at the Foreign Press Club. She rarely does

480
00:22:02,880 --> 00:22:06,160
Speaker 15: any kind of press with the Italian media unless there's

481
00:22:06,240 --> 00:22:09,440
Speaker 15: usually a visiting head of stage or a leader in town.

482
00:22:09,760 --> 00:22:11,280
Speaker 2: Does she do any one on ones.

483
00:22:12,720 --> 00:22:16,000
Speaker 15: Very rarely. I mean occasionally with the Financial Times from

484
00:22:16,040 --> 00:22:17,959
Speaker 15: the UK, I think, and maybe the BBC.

485
00:22:18,560 --> 00:22:21,639
Speaker 2: And what's your problem? Is she no good or she

486
00:22:21,760 --> 00:22:23,000
Speaker 2: just hates everybody?

487
00:22:23,640 --> 00:22:27,120
Speaker 15: I think it's just a strategy that, like many leaders now,

488
00:22:27,320 --> 00:22:29,800
Speaker 15: feel that they can use social media to bypass the

489
00:22:29,840 --> 00:22:32,040
Speaker 15: mainstream media and just plant stories.

490
00:22:32,680 --> 00:22:35,000
Speaker 2: So she's tweeting out and doing all that stuff on

491
00:22:35,040 --> 00:22:37,200
Speaker 2: a regular base, showing a lot of that. Okay, fair enough.

492
00:22:38,520 --> 00:22:41,800
Speaker 2: So these flatmates that Leo's having, how's this going to work?

493
00:22:42,840 --> 00:22:47,000
Speaker 15: So Leo, unlike Pope Francis, is going to move into

494
00:22:47,080 --> 00:22:50,760
Speaker 15: the historic papal apartments they're overlooking St. Peter's Square at

495
00:22:50,760 --> 00:22:54,760
Speaker 15: the Vatican. Those apartments are currently being redesigned. But what

496
00:22:54,800 --> 00:22:57,240
Speaker 15: we learned this week is it looks like he's going

497
00:22:57,280 --> 00:23:00,520
Speaker 15: to be inviting a few friends to stay there with him.

498
00:23:01,000 --> 00:23:03,680
Speaker 15: Now I say friends, but they're going to be fraternal

499
00:23:04,080 --> 00:23:08,400
Speaker 15: mates from his Augustinian order, and he could have three

500
00:23:08,480 --> 00:23:12,280
Speaker 15: or four people actually accommodated there in that apartment with him,

501
00:23:12,400 --> 00:23:12,680
Speaker 15: like a.

502
00:23:12,600 --> 00:23:16,560
Speaker 2: Little what's going on there too?

503
00:23:16,600 --> 00:23:16,919
Speaker 7: Weird?

504
00:23:17,960 --> 00:23:19,360
Speaker 2: Did you see the movie Conclave?

505
00:23:20,680 --> 00:23:21,040
Speaker 15: I did?

506
00:23:21,320 --> 00:23:21,480
Speaker 7: Right?

507
00:23:21,920 --> 00:23:25,000
Speaker 2: Those marble walls in their rooms where they come for

508
00:23:25,040 --> 00:23:27,280
Speaker 2: the conclave and they stay in those rooms with the

509
00:23:27,320 --> 00:23:28,920
Speaker 2: bed and the water. Is that real?

510
00:23:30,280 --> 00:23:34,000
Speaker 15: I think it was based on Saint Martin the residents

511
00:23:34,080 --> 00:23:38,240
Speaker 15: where the cardinals stay and where Pope Francis lived before.

512
00:23:37,960 --> 00:23:40,800
Speaker 2: He died, because that's a tremendous amount of marble, isn't it.

513
00:23:44,480 --> 00:23:44,640
Speaker 10: Now?

514
00:23:44,720 --> 00:23:49,000
Speaker 2: Milani Milani Airport? So what was he doing? What was

515
00:23:49,040 --> 00:23:50,160
Speaker 2: he a nutta? What happened?

516
00:23:50,760 --> 00:23:51,960
Speaker 15: Yeah, a bit of a nut. I went on a

517
00:23:52,040 --> 00:23:56,080
Speaker 15: rampage today, threatening airport staff, smashing screens and even started

518
00:23:56,080 --> 00:23:59,840
Speaker 15: a fire in the departures area of the terminal. So

519
00:24:00,359 --> 00:24:04,200
Speaker 15: people acted very quickly, calling emergency staff to come in

520
00:24:04,440 --> 00:24:08,000
Speaker 15: and grab the man and detain him. But he does

521
00:24:08,080 --> 00:24:11,199
Speaker 15: come from Mali, he does have a legal permit to

522
00:24:11,200 --> 00:24:13,520
Speaker 15: be in Italy. But as you can imagine, it's promoted

523
00:24:14,040 --> 00:24:17,440
Speaker 15: provoked a very big reaction from the far right today,

524
00:24:17,440 --> 00:24:20,000
Speaker 15: is saying that we shouldn't have migrants running around our airports.

525
00:24:20,240 --> 00:24:22,520
Speaker 2: Weather forecast, Joe, what's going on?

526
00:24:24,000 --> 00:24:27,040
Speaker 15: It hot and sticky, but around thirty two degrees I

527
00:24:27,040 --> 00:24:28,600
Speaker 15: think in the next few days.

528
00:24:29,080 --> 00:24:31,760
Speaker 2: That's not bad. You're feeling like, is it tailing off

529
00:24:31,800 --> 00:24:34,240
Speaker 2: the high end of summer or not? Not quite.

530
00:24:34,359 --> 00:24:36,880
Speaker 15: We've got another surge, I think. But by the way,

531
00:24:36,920 --> 00:24:39,520
Speaker 15: I've heard that the dental dentists are very cheap in

532
00:24:39,640 --> 00:24:40,440
Speaker 15: Ukraine right now?

533
00:24:40,480 --> 00:24:42,600
Speaker 2: Yeh, I bit you, I bet you they are. Do

534
00:24:42,600 --> 00:24:43,359
Speaker 2: you have access to it?

535
00:24:43,400 --> 00:24:43,440
Speaker 5: Is?

536
00:24:43,520 --> 00:24:44,639
Speaker 2: What do you pay to go to that? I always

537
00:24:44,640 --> 00:24:46,800
Speaker 2: remember going with my nephew to the dentist and my

538
00:24:47,040 --> 00:24:49,640
Speaker 2: sister was just wailing and gnashing her teeth no pun

539
00:24:49,680 --> 00:24:51,879
Speaker 2: intended at the price and stuff. Is that a thing

540
00:24:51,920 --> 00:24:52,320
Speaker 2: in Italy?

541
00:24:53,160 --> 00:24:55,240
Speaker 15: There are some very good dentists here, But I have

542
00:24:55,280 --> 00:24:58,520
Speaker 15: a Ukrainian cleaner and she keeps telling it's much cheaper

543
00:24:58,560 --> 00:24:59,200
Speaker 15: in Ukraine.

544
00:25:00,119 --> 00:25:03,920
Speaker 2: I'm not surprised. Nice to see you, Joe McKenna in Rome,

545
00:25:04,040 --> 00:25:06,000
Speaker 2: little slash of itdly morning, Mike. If you and Kate

546
00:25:06,119 --> 00:25:08,480
Speaker 2: we are trying a new dentist, go look up Ashley Hawlett.

547
00:25:08,920 --> 00:25:12,840
Speaker 2: She owns Ponsonbye Teeth, all the latest gear pain is

548
00:25:12,880 --> 00:25:14,800
Speaker 2: not a word in her vocabulary. Thank you, Genny. The

549
00:25:14,800 --> 00:25:16,440
Speaker 2: only reason I read that out. I probably shouldn't have

550
00:25:16,440 --> 00:25:18,040
Speaker 2: read that out because Ashley how it's probably going to

551
00:25:18,040 --> 00:25:19,159
Speaker 2: be inundated with people now.

552
00:25:19,200 --> 00:25:21,000
Speaker 5: I mean, if all we know it was from Ashley.

553
00:25:20,880 --> 00:25:23,119
Speaker 2: It could be from Ashley. I went to a new

554
00:25:23,160 --> 00:25:28,119
Speaker 2: hyghgienus the other day, and my god, I so wanted

555
00:25:28,160 --> 00:25:29,520
Speaker 2: to come on the radio and tell you about it,

556
00:25:29,560 --> 00:25:32,600
Speaker 2: but I can't because she's just a sole operator and

557
00:25:32,640 --> 00:25:34,639
Speaker 2: she's doing her own thing, and she's gone out on

558
00:25:34,640 --> 00:25:37,080
Speaker 2: her own and I love supporting people who start their

559
00:25:37,080 --> 00:25:40,240
Speaker 2: own businesses. But the equipment she's got is next level.

560
00:25:40,280 --> 00:25:42,359
Speaker 2: You know, when you've been doing something your whole life

561
00:25:43,040 --> 00:25:45,760
Speaker 2: and you don't realize what you've been missing out on.

562
00:25:46,480 --> 00:25:48,840
Speaker 2: And it's like cars. So when you start out in life,

563
00:25:48,840 --> 00:25:50,439
Speaker 2: you know, you buy a crappy little car, and you

564
00:25:50,440 --> 00:25:52,040
Speaker 2: don't know how good a great car is until you

565
00:25:52,160 --> 00:25:53,800
Speaker 2: drive a great Caraen. Once you drive a great car,

566
00:25:53,840 --> 00:25:57,320
Speaker 2: you realize how crappy you've been beforehand. This woman has

567
00:25:57,320 --> 00:25:59,240
Speaker 2: got this equipment you've never seen, but it's just like

568
00:25:59,560 --> 00:26:00,000
Speaker 2: it is her.

569
00:26:00,400 --> 00:26:02,040
Speaker 16: She's got a V twelve drill.

570
00:26:02,040 --> 00:26:05,159
Speaker 2: She's got such She she I won't bore you with it,

571
00:26:05,560 --> 00:26:07,680
Speaker 2: and I can't tell you who it is because she's

572
00:26:07,840 --> 00:26:08,600
Speaker 2: you'll choose me.

573
00:26:09,040 --> 00:26:12,560
Speaker 1: So she's she's a hygiene She's got a standalone hygenius.

574
00:26:12,000 --> 00:26:16,719
Speaker 2: Exactly, She's got a standalone hy genius business. And God,

575
00:26:17,480 --> 00:26:19,800
Speaker 2: God bless her for doing it, she said. The dentist

576
00:26:19,880 --> 00:26:22,199
Speaker 2: to hating it. I'm not surprised, but the equipment she

577
00:26:22,320 --> 00:26:24,359
Speaker 2: pulled out, and she said, at the end of it,

578
00:26:24,400 --> 00:26:26,159
Speaker 2: she says, I've used every bit I've got on you,

579
00:26:26,520 --> 00:26:29,080
Speaker 2: and it felt like it and I felt I've never

580
00:26:29,119 --> 00:26:32,160
Speaker 2: felt better about my mouth than the day I left her.

581
00:26:32,240 --> 00:26:33,879
Speaker 2: And so I wish I could tell you who it is,

582
00:26:33,880 --> 00:26:36,680
Speaker 2: but I can't. Soz nine minutes away from seven.

583
00:26:36,920 --> 00:26:40,920
Speaker 1: The mic Hosking Breakfast with Bailey's real estate news dogs.

584
00:26:40,720 --> 00:26:43,480
Speaker 2: The shittle down your Lot, text me the hygienius detail

585
00:26:43,480 --> 00:26:46,159
Speaker 2: on this. I'm not the mathia for all you asking

586
00:26:46,160 --> 00:26:49,560
Speaker 2: for how much money? Thirty three thousand dollars. First person

587
00:26:49,600 --> 00:26:51,439
Speaker 2: who gives me thirty three thousand dollars, I'll give it

588
00:26:51,440 --> 00:26:53,400
Speaker 2: to a charity. Don't worry, I'll give you the name.

589
00:26:54,040 --> 00:26:56,240
Speaker 2: By the way. The Peter's thing on the COVID inquiry.

590
00:26:56,280 --> 00:26:58,000
Speaker 2: This is interesting. I should have thought this through and

591
00:26:58,040 --> 00:27:00,600
Speaker 2: I clearly wasn't awake enough. We went to office. So

592
00:27:00,760 --> 00:27:04,439
Speaker 2: the question being from politics Wednesday yesterday, how come Winston

593
00:27:04,520 --> 00:27:07,600
Speaker 2: isn't dragged in? So we go to Brooks office. Peters

594
00:27:07,640 --> 00:27:10,399
Speaker 2: has said he's more than happy to go. Apparently, go

595
00:27:10,480 --> 00:27:14,119
Speaker 2: to Brooks office. It's independent the Royal Commission and the

596
00:27:14,160 --> 00:27:17,040
Speaker 2: Minister has no influence over who's called. Royal Commission has

597
00:27:17,040 --> 00:27:19,560
Speaker 2: had the ability to decide which decision makers they would

598
00:27:19,560 --> 00:27:21,280
Speaker 2: ask the front without being told of the government, so

599
00:27:21,320 --> 00:27:24,679
Speaker 2: that's fair. So they decided they'd like to hear from Adurn,

600
00:27:24,720 --> 00:27:28,840
Speaker 2: Hopkins etc. They do have the power to subpoena them.

601
00:27:28,880 --> 00:27:32,199
Speaker 2: They're not using it. Big mistake. I'd love to know

602
00:27:32,240 --> 00:27:34,320
Speaker 2: Illingworth's not talking. I'd love to know why he doesn't

603
00:27:34,320 --> 00:27:36,840
Speaker 2: think Winston's relevant, But that will be a question I

604
00:27:36,880 --> 00:27:39,719
Speaker 2: will not forget and he will turn up eventually and

605
00:27:39,800 --> 00:27:43,320
Speaker 2: he will be grilled Five away from seven well In

606
00:27:43,800 --> 00:27:44,399
Speaker 2: and the Ouse.

607
00:27:44,720 --> 00:27:48,840
Speaker 1: It's the fizz with business Timer take your business productivity

608
00:27:48,880 --> 00:27:49,800
Speaker 1: to the next level.

609
00:27:49,840 --> 00:27:53,480
Speaker 2: Gringpoot Time Inframetrics Quarterly Economic Monitor. We love this. Of

610
00:27:53,520 --> 00:27:55,200
Speaker 2: all the things I do on this program in terms

611
00:27:55,200 --> 00:27:57,360
Speaker 2: of monitors, and I think this is one of my favorites.

612
00:27:57,760 --> 00:27:59,920
Speaker 2: The recovery is on the recovery. This will be please

613
00:28:00,080 --> 00:28:01,720
Speaker 2: Christian will be nervous about coming on the show at

614
00:28:01,760 --> 00:28:03,680
Speaker 2: seven thirty of games Saints for recoveries on ha ha.

615
00:28:03,760 --> 00:28:06,600
Speaker 2: I gonna tell Hoskins town stick it up them. Activity

616
00:28:06,640 --> 00:28:09,600
Speaker 2: rose zero point six percent for the quarter, a promising

617
00:28:09,680 --> 00:28:11,800
Speaker 2: sign considering the average over the last has been niggad

618
00:28:11,840 --> 00:28:13,880
Speaker 2: of zero point eight. We heard all about that yesterday.

619
00:28:14,240 --> 00:28:16,800
Speaker 2: The rural sector big reason for the economic activity, no

620
00:28:16,920 --> 00:28:20,240
Speaker 2: ketting one point seven up. The metro area is just

621
00:28:20,320 --> 00:28:22,439
Speaker 2: up zero point five. But I'll break that down for

622
00:28:22,480 --> 00:28:25,679
Speaker 2: you because that's ugly held back by a weak construction.

623
00:28:26,840 --> 00:28:30,600
Speaker 2: They've lost jobs galore, They're losing money, they're closing down.

624
00:28:31,000 --> 00:28:33,359
Speaker 2: Public sector has not been flashed. Professional service is not

625
00:28:33,400 --> 00:28:36,720
Speaker 2: good either. Meat, hort and seafood. They're holding up. They're

626
00:28:36,760 --> 00:28:42,360
Speaker 2: not growing that. They're holding South is booming as usual again.

627
00:28:42,880 --> 00:28:45,600
Speaker 2: Every South Island region pretty much is growing faster than

628
00:28:45,640 --> 00:28:48,200
Speaker 2: the national average. A Targo's you stand out. I mean

629
00:28:48,200 --> 00:28:50,640
Speaker 2: that's Central Otago, really, isn't it? Less be Frank up

630
00:28:50,640 --> 00:28:53,000
Speaker 2: two percent for the quarter. Are the bright spots for

631
00:28:53,040 --> 00:28:54,800
Speaker 2: the North Island? Do I see any bright spots in

632
00:28:54,840 --> 00:28:57,840
Speaker 2: the North Island? Why Katto come on in Bay of Plenty,

633
00:28:57,920 --> 00:29:01,120
Speaker 2: come on in both? Up one percent, which is better

634
00:29:01,120 --> 00:29:03,440
Speaker 2: than nothing. It's god, it's a kneemick, isn't it. I

635
00:29:03,480 --> 00:29:07,120
Speaker 2: mean when you're talking on one percent. Southland only reached

636
00:29:07,160 --> 00:29:09,719
Speaker 2: into record employment growth up zero point two percent. Well

637
00:29:09,760 --> 00:29:12,560
Speaker 2: that's the farming of course, Wellington down. See this is

638
00:29:12,560 --> 00:29:17,120
Speaker 2: the metros Wellington down three point one and more importantly,

639
00:29:17,160 --> 00:29:19,680
Speaker 2: Auckland down two point one two point one percent of

640
00:29:19,720 --> 00:29:22,120
Speaker 2: a market the size of Auckland. That's the damage, that's

641
00:29:22,160 --> 00:29:26,760
Speaker 2: the problem. That's why everyone's so damn grumpy. In fact,

642
00:29:26,800 --> 00:29:29,320
Speaker 2: there are eighteen thousand fewer jobs in Auckland than there

643
00:29:29,320 --> 00:29:32,120
Speaker 2: were a year ago, So constructions lost sixteen thousand and

644
00:29:32,160 --> 00:29:34,000
Speaker 2: oh the two might be partially tied up, but eighteen

645
00:29:34,040 --> 00:29:37,880
Speaker 2: thousand in Auckland alone six point one percent unemployment rked

646
00:29:37,920 --> 00:29:40,400
Speaker 2: on from four point something. No wonder Simon Bridges is

647
00:29:40,440 --> 00:29:47,560
Speaker 2: going Can you please help help the risk? The SIS

648
00:29:47,600 --> 00:29:51,560
Speaker 2: had done this report? How about those weirdos online threatening us?

649
00:29:51,560 --> 00:29:53,760
Speaker 2: How many weirdos are out there threatening us? And are

650
00:29:53,760 --> 00:29:55,960
Speaker 2: they real? Do we take them seriously? We will talk

651
00:29:56,000 --> 00:29:57,720
Speaker 2: to the head of the sis and just a couple

652
00:29:57,720 --> 00:30:00,280
Speaker 2: of moments.

653
00:29:59,080 --> 00:30:02,160
Speaker 1: The only report you need to start your day the

654
00:30:02,360 --> 00:30:06,360
Speaker 1: mic costing breakfast with Bailey's real estate all together better

655
00:30:06,400 --> 00:30:09,000
Speaker 1: across residential, commercial and rural news.

656
00:30:09,040 --> 00:30:11,240
Speaker 2: Togs had b folling seven past seven, so of Christian

657
00:30:11,240 --> 00:30:13,280
Speaker 2: and has a bunch of merry travelers who delivered more

658
00:30:13,280 --> 00:30:15,400
Speaker 2: interesting news than we thought. Yes, twenty five points, but

659
00:30:15,440 --> 00:30:17,200
Speaker 2: for the first time you have a four to two vote.

660
00:30:17,200 --> 00:30:19,680
Speaker 2: More importantly, they missed the Q two contraction and as

661
00:30:19,720 --> 00:30:21,520
Speaker 2: a result we're most likely to get two more cuts

662
00:30:21,560 --> 00:30:24,360
Speaker 2: before Christmas. Adrian big b is the MD of lending

663
00:30:24,400 --> 00:30:27,880
Speaker 2: company prosper Enders with US. Adrian, good morning, Good morning mate.

664
00:30:27,880 --> 00:30:29,320
Speaker 2: Did you get a lot of confidence out of them

665
00:30:29,400 --> 00:30:30,000
Speaker 2: yesterday or not?

666
00:30:31,080 --> 00:30:34,240
Speaker 5: Oh, I understand. I think everyone's expecting the twenty five points.

667
00:30:34,240 --> 00:30:36,600
Speaker 5: Some people were hoping. I'm fifty, but twenty five points

668
00:30:36,600 --> 00:30:40,080
Speaker 5: will do for now. It does help a lot. Do

669
00:30:40,120 --> 00:30:42,640
Speaker 5: you know that our New Zealand interest rates we were

670
00:30:42,680 --> 00:30:45,880
Speaker 5: forty seven percent higher at the peak of the increase

671
00:30:45,920 --> 00:30:48,200
Speaker 5: in the rates than we were pre COVID. It's a

672
00:30:48,320 --> 00:30:50,600
Speaker 5: huge amount out of people's pockets. It's a huge amount

673
00:30:50,640 --> 00:30:52,320
Speaker 5: of people to be able to spend and go out

674
00:30:52,320 --> 00:30:53,280
Speaker 5: and to help the economy.

675
00:30:53,480 --> 00:30:55,240
Speaker 2: Exactly what why are we in a funk?

676
00:30:56,360 --> 00:30:58,280
Speaker 5: Why are we in a funk? It's interesting, isn't it.

677
00:30:58,440 --> 00:31:00,520
Speaker 5: I listened to your shell all the time. I loved

678
00:31:00,800 --> 00:31:02,800
Speaker 5: luxtions quote the other day actually when you were talking

679
00:31:02,800 --> 00:31:04,760
Speaker 5: to them about turning the ship around or getting this

680
00:31:05,040 --> 00:31:07,400
Speaker 5: getting the car out of a ditch and turning, turning

681
00:31:07,440 --> 00:31:10,640
Speaker 5: the economy around. So that takes a long time. The

682
00:31:10,680 --> 00:31:13,520
Speaker 5: economy stall. So that comes out of we come out

683
00:31:13,560 --> 00:31:16,120
Speaker 5: of the recession, we come out of COVID, and that

684
00:31:16,280 --> 00:31:19,600
Speaker 5: this impacts everyone's pocket The rates go out, the people's

685
00:31:19,680 --> 00:31:22,280
Speaker 5: value in their houses go down, so that impacts confidence.

686
00:31:22,320 --> 00:31:25,080
Speaker 5: Confidence drives so much in the economy.

687
00:31:25,120 --> 00:31:27,600
Speaker 2: Do people want money at the moment? Is there a

688
00:31:27,720 --> 00:31:29,680
Speaker 2: sense of eye can take a risk or not?

689
00:31:30,520 --> 00:31:33,400
Speaker 5: When it comes to business lending and starting, we see

690
00:31:33,400 --> 00:31:35,920
Speaker 5: it in our data. So we are kind of the

691
00:31:35,960 --> 00:31:38,400
Speaker 5: canary and in the mind because we are leading to

692
00:31:38,440 --> 00:31:41,200
Speaker 5: the small businesses. So when we're leading too small businesses.

693
00:31:41,240 --> 00:31:43,800
Speaker 5: The key data point that I watch is the approval

694
00:31:43,880 --> 00:31:47,120
Speaker 5: to settlement, so that shows that businesses are actually confident

695
00:31:47,200 --> 00:31:49,720
Speaker 5: to take the money, so the confidence take the money

696
00:31:49,720 --> 00:31:51,280
Speaker 5: and the use of funds as well, so we watch

697
00:31:51,280 --> 00:31:53,520
Speaker 5: the use of funds. The thing that was really interesting

698
00:31:53,560 --> 00:31:55,560
Speaker 5: with when the budget come out with that investment boost

699
00:31:55,600 --> 00:31:58,200
Speaker 5: that they came out with, So we saw an initial

700
00:31:59,120 --> 00:32:02,520
Speaker 5: intake taking money to invest in their businesses. So that

701
00:32:02,680 --> 00:32:05,840
Speaker 5: has continued. But as the confidence is returning and people

702
00:32:05,880 --> 00:32:08,360
Speaker 5: have money to spend, that helps them to get more

703
00:32:08,360 --> 00:32:10,280
Speaker 5: confidence to be able to invest in their business. So

704
00:32:10,280 --> 00:32:12,160
Speaker 5: we've seen that in our data now good.

705
00:32:12,200 --> 00:32:15,280
Speaker 2: So what Christian said yesterday broadly, as things are ish

706
00:32:15,400 --> 00:32:17,760
Speaker 2: coming right, they will continue to come right. By twenty

707
00:32:17,800 --> 00:32:20,720
Speaker 2: twenty six. He sees some form of normality. You would

708
00:32:20,720 --> 00:32:21,200
Speaker 2: agree with.

709
00:32:21,160 --> 00:32:26,120
Speaker 5: That, yes, we would. Everyone was hoping that you get

710
00:32:26,160 --> 00:32:28,920
Speaker 5: to thrive, to survive to twenty five or then thrive

711
00:32:28,960 --> 00:32:31,280
Speaker 5: in twenty five, but people are looking forward to twenty six.

712
00:32:31,640 --> 00:32:33,320
Speaker 5: So I think getting through the end of this year,

713
00:32:33,800 --> 00:32:35,360
Speaker 5: there's still a lot of pain out there. That's still

714
00:32:35,480 --> 00:32:38,400
Speaker 5: some tough, tough things to do, but it is improving.

715
00:32:38,680 --> 00:32:40,760
Speaker 5: And when you see that those data points to start

716
00:32:40,800 --> 00:32:44,320
Speaker 5: to improve, then that gives my business confidence as well

717
00:32:44,360 --> 00:32:47,080
Speaker 5: as our customers to be able to move forward and

718
00:32:47,120 --> 00:32:48,840
Speaker 5: to really start growing good stuff.

719
00:32:48,840 --> 00:32:51,080
Speaker 2: I Adriam appreciate time very much. Adrian Bigbie, who's the

720
00:32:51,120 --> 00:32:53,680
Speaker 2: managing director of TROST with Morning Mike our Homeland, is

721
00:32:53,720 --> 00:32:55,920
Speaker 2: currently on floating any advice on when to fix and

722
00:32:55,960 --> 00:32:58,800
Speaker 2: how long? Yes, I do stand by ten minutes past

723
00:32:58,840 --> 00:33:02,040
Speaker 2: seven flask insight meantime. Though from the SIS into our

724
00:33:02,120 --> 00:33:05,120
Speaker 2: terror threat, terror attack remains realistic possibility due to the

725
00:33:05,160 --> 00:33:08,400
Speaker 2: old favorites of geopolitical uncertainty and online radicals. Andrew Hampton,

726
00:33:08,440 --> 00:33:10,880
Speaker 2: of course, is the DG of the NZ SIS and

727
00:33:11,040 --> 00:33:13,840
Speaker 2: is with us good morning morning mate. Are we too complacent?

728
00:33:15,680 --> 00:33:19,000
Speaker 17: I think New Zealanders are increasingly aware that we're not

729
00:33:19,080 --> 00:33:23,760
Speaker 17: immune to national security threats, But I do think we

730
00:33:23,800 --> 00:33:26,320
Speaker 17: need to be constantly vigilant because that threat environment is

731
00:33:26,400 --> 00:33:27,320
Speaker 17: changing all the time.

732
00:33:27,760 --> 00:33:31,240
Speaker 2: If you could show me everything you know, would I

733
00:33:31,280 --> 00:33:31,800
Speaker 2: freak out?

734
00:33:34,480 --> 00:33:37,840
Speaker 17: Our Threat Environment report, I think provides a pretty good

735
00:33:37,920 --> 00:33:40,960
Speaker 17: overview of the types of things that we are seeing.

736
00:33:41,640 --> 00:33:45,160
Speaker 17: You know, we're increasingly worried about young people radicalosing online.

737
00:33:45,560 --> 00:33:49,520
Speaker 17: There is foreign interference happening in in New Zealand from

738
00:33:49,520 --> 00:33:53,560
Speaker 17: a range of countries, and espionage is put in at

739
00:33:53,640 --> 00:33:58,000
Speaker 17: risk our prosperity. So there is a lot to be

740
00:33:58,240 --> 00:34:01,560
Speaker 17: concerned about. At the same time, I'm key to responding

741
00:34:01,560 --> 00:34:03,520
Speaker 17: to that is the public just knowing what to look

742
00:34:03,520 --> 00:34:06,200
Speaker 17: out for and to take steps to respond.

743
00:34:06,440 --> 00:34:09,000
Speaker 2: Do you rank them the three you mentioned, violent extremism,

744
00:34:09,000 --> 00:34:12,560
Speaker 2: foreign interference, espionage? Can you rank them in terms of

745
00:34:12,600 --> 00:34:14,400
Speaker 2: what we should be more worried about?

746
00:34:15,120 --> 00:34:21,720
Speaker 17: In terms of nzsas's investigative effort, we've split about fifty

747
00:34:21,800 --> 00:34:27,400
Speaker 17: to fifty between those violent extremist threats and foreign interference

748
00:34:27,520 --> 00:34:32,319
Speaker 17: and espionage, although increasingly we're also doing work up in

749
00:34:32,360 --> 00:34:35,399
Speaker 17: the Pacific, both to understand what's going on, but also

750
00:34:35,480 --> 00:34:38,360
Speaker 17: to work with our specific partners to help them be

751
00:34:38,440 --> 00:34:41,240
Speaker 17: aware of what's going on so they can take steps

752
00:34:41,280 --> 00:34:42,040
Speaker 17: to mitigate the risk.

753
00:34:42,160 --> 00:34:43,719
Speaker 2: Are they aware of what's going on? I mean, when

754
00:34:43,760 --> 00:34:46,279
Speaker 2: you sign an agreement with China, are you aware or

755
00:34:46,280 --> 00:34:48,880
Speaker 2: are you just taking the money.

756
00:34:49,440 --> 00:34:53,719
Speaker 17: We've worked really hard over the last probably only a

757
00:34:53,800 --> 00:34:59,600
Speaker 17: year or eighteen months to try and provide more intelligence

758
00:34:59,640 --> 00:35:03,360
Speaker 17: to Pacific states. You know, a lot of the material

759
00:35:03,400 --> 00:35:05,560
Speaker 17: we deal with is quite classified, so we need to

760
00:35:05,600 --> 00:35:07,840
Speaker 17: find ways to share it with them. I do think

761
00:35:08,960 --> 00:35:12,280
Speaker 17: in the Pacific we are seeing this geostrategic competition playing

762
00:35:12,320 --> 00:35:17,080
Speaker 17: out and some Pacific states see that as an opportunity

763
00:35:17,120 --> 00:35:20,080
Speaker 17: and think they can balance the risk, but they don't

764
00:35:20,080 --> 00:35:21,960
Speaker 17: have all the information. So part of our job is

765
00:35:21,960 --> 00:35:23,240
Speaker 17: to help give them better information.

766
00:35:23,320 --> 00:35:24,400
Speaker 2: Have you turned anyone on that?

767
00:35:27,560 --> 00:35:30,760
Speaker 17: I think we've had. We've had quite a bit of success.

768
00:35:30,800 --> 00:35:30,960
Speaker 7: You know.

769
00:35:31,000 --> 00:35:35,160
Speaker 17: There's been if it's for example, by foreign states to

770
00:35:35,239 --> 00:35:38,960
Speaker 17: establish what's called ground based space infrastructure uprom the region.

771
00:35:39,040 --> 00:35:42,600
Speaker 17: So these are things to track satellites. There are attempts

772
00:35:42,640 --> 00:35:45,280
Speaker 17: to do it in New Zealand. We stop that. We've

773
00:35:45,560 --> 00:35:48,719
Speaker 17: shared that information with our Pacific partners and they've been

774
00:35:48,719 --> 00:35:50,200
Speaker 17: able to turn it off as well. So that's a

775
00:35:50,239 --> 00:35:53,320
Speaker 17: specific example where progress is being made but the threats

776
00:35:53,320 --> 00:35:54,040
Speaker 17: aren't going away.

777
00:35:54,400 --> 00:35:56,640
Speaker 2: What's the line and how do you know between the

778
00:35:56,760 --> 00:36:00,600
Speaker 2: nasarus saying weird stuff at age twenty two online and

779
00:36:00,640 --> 00:36:02,279
Speaker 2: the guy is actually going to do something to me

780
00:36:02,320 --> 00:36:04,200
Speaker 2: in downtown Auckland, Wellington or christ Judge.

781
00:36:04,560 --> 00:36:11,719
Speaker 17: Look, as our report states, these violent extremist narratives online

782
00:36:12,120 --> 00:36:16,160
Speaker 17: are a real concern. The vast bulk of the people

783
00:36:16,160 --> 00:36:20,920
Speaker 17: who engage with these narratives aren't going to take violent action,

784
00:36:21,600 --> 00:36:24,239
Speaker 17: but a small number do have the intent and capability

785
00:36:24,680 --> 00:36:28,919
Speaker 17: and that's why we need the public's help to identify

786
00:36:29,040 --> 00:36:33,440
Speaker 17: who are the individuals who show those signs of radicalization,

787
00:36:33,920 --> 00:36:37,120
Speaker 17: and we describe what that looks like in our report.

788
00:36:37,360 --> 00:36:39,560
Speaker 17: We've also done a bunch of work with teachers and

789
00:36:39,600 --> 00:36:42,000
Speaker 17: other people who engage with young people so they know

790
00:36:42,080 --> 00:36:43,000
Speaker 17: what those signs are.

791
00:36:43,160 --> 00:36:44,319
Speaker 2: Do you have the tools you need?

792
00:36:46,440 --> 00:36:51,240
Speaker 17: Look, we are fortunate in that the intelligence and security

793
00:36:51,239 --> 00:36:55,480
Speaker 17: agencies have over the last ten years had increases an investment,

794
00:36:55,960 --> 00:37:02,200
Speaker 17: We've had new legislation, but the world keeps changing, so

795
00:37:02,200 --> 00:37:04,600
Speaker 17: we're constantly talking with the ministers about what are the

796
00:37:04,640 --> 00:37:06,520
Speaker 17: types of capabilities we need. You know, one of the

797
00:37:06,520 --> 00:37:09,279
Speaker 17: real strengths we have is the relationships we have with

798
00:37:09,360 --> 00:37:12,920
Speaker 17: our five Eyes partners. They have technical capabilities, access to

799
00:37:12,960 --> 00:37:16,040
Speaker 17: intelligence that we use every day to protect ourselves. But

800
00:37:16,200 --> 00:37:17,920
Speaker 17: the public are a big part of this as well,

801
00:37:17,960 --> 00:37:20,440
Speaker 17: and that's what the report's about, helping to raise public's

802
00:37:20,440 --> 00:37:23,759
Speaker 17: awareness about threats so they can both that's when they

803
00:37:23,800 --> 00:37:25,759
Speaker 17: see stuff off sand but also know what Steff Dave

804
00:37:25,800 --> 00:37:26,600
Speaker 17: themselves can take.

805
00:37:26,680 --> 00:37:28,680
Speaker 2: All right, I appreciate the inside Andrew Hampton from the

806
00:37:28,800 --> 00:37:30,840
Speaker 2: Sis this morning, GETO Mike. All good and well, but

807
00:37:30,920 --> 00:37:33,160
Speaker 2: will we ever see rump steak under twenty dollars again,

808
00:37:33,200 --> 00:37:35,920
Speaker 2: what an excellent question. More shortly fourteen past.

809
00:37:36,840 --> 00:37:41,280
Speaker 1: The High Asking Breakfast Full show podcast on iHeartRadio powered

810
00:37:41,320 --> 00:37:42,359
Speaker 1: by News Talks that Be.

811
00:37:43,200 --> 00:37:45,279
Speaker 2: Our old mate Nick Bryant Berkhauterrive on the meetings of

812
00:37:45,320 --> 00:37:47,120
Speaker 2: the last couple of days and the meetings still to come.

813
00:37:47,400 --> 00:37:49,120
Speaker 2: More good news seventeen past seven. By the way, more

814
00:37:49,120 --> 00:37:51,720
Speaker 2: good news from the Kiwi Fruit Department. Zsbray's full forecast

815
00:37:51,760 --> 00:37:54,480
Speaker 2: for the twenty five to twenty six season shows average

816
00:37:54,480 --> 00:37:58,040
Speaker 2: per hector return reaching record levels for everything except sun

817
00:37:58,040 --> 00:38:01,560
Speaker 2: Golden Organic Green Europe's after the more than two million

818
00:38:01,600 --> 00:38:04,720
Speaker 2: trays sold each week in the past of thirteen weeks.

819
00:38:04,680 --> 00:38:07,160
Speaker 2: Say Jason breaks as Zespery's CEO, and he's back with

820
00:38:07,239 --> 00:38:10,680
Speaker 2: It's Jason Morning, Morning White. How are you very well

821
00:38:10,719 --> 00:38:12,480
Speaker 2: you've got a vibe on the terraff in the US

822
00:38:12,600 --> 00:38:13,040
Speaker 2: yet or no?

823
00:38:14,760 --> 00:38:17,759
Speaker 16: Yeah, I mean we're just living with it obviously since

824
00:38:17,760 --> 00:38:21,319
Speaker 16: April it's come into effect. We're pretty committed to North

825
00:38:21,320 --> 00:38:24,640
Speaker 16: America as a long term market for US, so we're

826
00:38:24,719 --> 00:38:27,480
Speaker 16: essentially looking through that into the long term. I think

827
00:38:27,480 --> 00:38:30,080
Speaker 16: there's got an opportunity there to continue growing and we're

828
00:38:30,080 --> 00:38:32,920
Speaker 16: actually going to sell more fruit in the US market

829
00:38:32,920 --> 00:38:34,840
Speaker 16: this year than what we expected we would good.

830
00:38:35,040 --> 00:38:37,960
Speaker 2: What's your supply demand scenario? Seems to me that you

831
00:38:38,000 --> 00:38:40,959
Speaker 2: can grow everything you can grow and still sell more.

832
00:38:42,280 --> 00:38:44,480
Speaker 16: I mean, we've got pretty strong demand around the world.

833
00:38:44,600 --> 00:38:48,360
Speaker 16: Consumers continue to want health and nutrition, and our product

834
00:38:48,400 --> 00:38:51,520
Speaker 16: has got a lot of that packed inside it. We've

835
00:38:51,520 --> 00:38:53,520
Speaker 16: built a strong brand and we've also got a good

836
00:38:53,560 --> 00:38:57,239
Speaker 16: supply chain network. So we're continuing to build demand each

837
00:38:57,320 --> 00:39:00,000
Speaker 16: single season and make sure that we continue to see

838
00:39:00,000 --> 00:39:01,680
Speaker 16: apply that demand with our fruit.

839
00:39:01,960 --> 00:39:04,520
Speaker 2: What's gone wrong with organic green? I mean, is it

840
00:39:04,600 --> 00:39:08,879
Speaker 2: just the organic bit? Is it expense? Does it taste organics?

841
00:39:09,480 --> 00:39:09,520
Speaker 7: No?

842
00:39:09,800 --> 00:39:12,719
Speaker 16: Organics still pretty strong at the end of the day.

843
00:39:12,760 --> 00:39:16,279
Speaker 16: They're still pretty strong returns through organic green growers. It's

844
00:39:16,320 --> 00:39:19,400
Speaker 16: just that we've we've had some record levels at at

845
00:39:19,400 --> 00:39:22,080
Speaker 16: a different level before, but we've still got good returns

846
00:39:22,080 --> 00:39:22,879
Speaker 16: for organic green.

847
00:39:23,000 --> 00:39:24,480
Speaker 2: Tell you what we were having some green at the

848
00:39:24,480 --> 00:39:26,360
Speaker 2: hell You shouldn't I mean the gold. You'll hate me

849
00:39:26,400 --> 00:39:28,759
Speaker 2: saying this, but the gold's sugary if you want the

850
00:39:29,160 --> 00:39:31,440
Speaker 2: real gold. So to speakers in the green, isn't it

851
00:39:31,480 --> 00:39:33,560
Speaker 2: green is just packed with the vitamins. If you want

852
00:39:33,600 --> 00:39:35,719
Speaker 2: something that's really good for you green, you can't go wrong,

853
00:39:35,719 --> 00:39:36,200
Speaker 2: am I right?

854
00:39:37,560 --> 00:39:41,920
Speaker 16: Yes, I mean green's absolutely great for your digestive system

855
00:39:42,200 --> 00:39:45,840
Speaker 16: and your health benefits there packed with fiber. We've actually

856
00:39:45,880 --> 00:39:48,640
Speaker 16: just got a health claim signed off by the European

857
00:39:48,640 --> 00:39:51,280
Speaker 16: Commission this week, which is the first time a fresh

858
00:39:51,280 --> 00:39:53,719
Speaker 16: fruit has ever had a health claim in the European Commission,

859
00:39:54,680 --> 00:39:57,080
Speaker 16: and that's for our green fruit around digestive health. So

860
00:39:57,239 --> 00:39:58,359
Speaker 16: that's a really positive there.

861
00:39:58,640 --> 00:40:00,799
Speaker 2: And what I was, I'm in the supermarket. I didn't

862
00:40:00,800 --> 00:40:03,600
Speaker 2: realize how cheap they are. I bought a punnet there's

863
00:40:03,640 --> 00:40:05,840
Speaker 2: maybe ten eleven in there, and it was I don't know,

864
00:40:05,920 --> 00:40:07,759
Speaker 2: three four five bucks something like that. I mean that's

865
00:40:07,800 --> 00:40:09,719
Speaker 2: good value, isn't it apart from anything else?

866
00:40:10,600 --> 00:40:13,799
Speaker 16: Yeah, I mean good value and for looking after your

867
00:40:13,840 --> 00:40:17,120
Speaker 16: family and health. So yeah, no, I mean it's good

868
00:40:17,120 --> 00:40:19,360
Speaker 16: to have that available for Kiwi consumers.

869
00:40:20,640 --> 00:40:23,480
Speaker 2: Are you butter and dairy? Do you sell different prices

870
00:40:23,480 --> 00:40:24,399
Speaker 2: here than over there?

871
00:40:25,920 --> 00:40:30,200
Speaker 16: So we'll have different prices by at different markets depending

872
00:40:30,239 --> 00:40:33,920
Speaker 16: on whether value sits and also by volume and just

873
00:40:34,400 --> 00:40:36,760
Speaker 16: local economics, So yeah, it does vary by market.

874
00:40:37,040 --> 00:40:40,400
Speaker 2: Interesting insiders always thanks Jason, and congratulations on all your success.

875
00:40:40,440 --> 00:40:42,840
Speaker 2: Jason to break I sounded a bit like a spokesperson

876
00:40:42,920 --> 00:40:46,440
Speaker 2: for the zest Breed, But I don't care. It's good

877
00:40:46,480 --> 00:40:48,160
Speaker 2: for you, it's good for your mic all good and well.

878
00:40:48,200 --> 00:40:50,160
Speaker 2: But there's rump steak at twenty dollars. Note you know

879
00:40:50,200 --> 00:40:52,680
Speaker 2: why we don't want cheap steak because if we have

880
00:40:52,800 --> 00:40:54,360
Speaker 2: cheap steak, and goes to the question, I just as

881
00:40:54,440 --> 00:40:55,920
Speaker 2: if we have cheap steak, it means we're selling it

882
00:40:55,960 --> 00:40:58,800
Speaker 2: cheap internationally, and we don't want to sell it cheap internationally.

883
00:40:58,840 --> 00:41:00,440
Speaker 2: We want to and I know you hate it, but

884
00:41:00,560 --> 00:41:02,719
Speaker 2: we want to be selling at the international price and

885
00:41:02,760 --> 00:41:05,120
Speaker 2: paying the international price, and the higher the international price,

886
00:41:05,120 --> 00:41:07,799
Speaker 2: we more than we make for the country. Seven twenty.

887
00:41:09,239 --> 00:41:13,440
Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio.

888
00:41:13,719 --> 00:41:15,880
Speaker 7: Power It by newstalksb.

889
00:41:17,600 --> 00:41:19,719
Speaker 2: Right. The Key We Dream, So many would agree that

890
00:41:19,719 --> 00:41:20,960
Speaker 2: owning your home is a big part of the Key

891
00:41:20,960 --> 00:41:22,799
Speaker 2: We Dream. Of course, in SBS Bank, they've been helping

892
00:41:22,880 --> 00:41:25,080
Speaker 2: keywi has achieve that dream for one hundred and fifty

893
00:41:25,120 --> 00:41:28,319
Speaker 2: six years. So their purpose very simple, helping kiwis find

894
00:41:28,320 --> 00:41:30,480
Speaker 2: a place to call home. So what makes them so good. Well,

895
00:41:30,520 --> 00:41:34,880
Speaker 2: it's their product. SBS First Time Combo very impressive inclusions,

896
00:41:35,040 --> 00:41:38,480
Speaker 2: cash back offer, contribution towards SBS insurance, home policies. We

897
00:41:38,560 --> 00:41:41,200
Speaker 2: got money back into an SBS wealth key, we Saber account.

898
00:41:41,320 --> 00:41:44,040
Speaker 2: Pretty special interest rate, pretty special in your kiddemy three

899
00:41:44,600 --> 00:41:47,560
Speaker 2: point nine to nine three point nine nine fixed for twelve.

900
00:41:48,520 --> 00:41:49,960
Speaker 2: If you're looking to buy your first time you got

901
00:41:49,960 --> 00:41:52,120
Speaker 2: first time buyers and you laugh, your kids, your grandkids, whatever.

902
00:41:52,239 --> 00:41:53,960
Speaker 2: SBS bank should be the first port of call at

903
00:41:53,960 --> 00:41:55,560
Speaker 2: three nine nine. Why wouldn't they be. The rate is

904
00:41:55,600 --> 00:41:57,439
Speaker 2: available for a limited time only. You got to move

905
00:41:58,280 --> 00:42:01,839
Speaker 2: account criteria, minimum deposit terms apply, of course. Sbsbank dot

906
00:42:01,880 --> 00:42:04,839
Speaker 2: Co dot NZ Got it, sbsbank dot Co dot INZ.

907
00:42:05,239 --> 00:42:08,279
Speaker 2: Ready to get a great home loan rate and more?

908
00:42:08,320 --> 00:42:10,560
Speaker 2: Search SBS bank. Talk to your mortgage broker if you

909
00:42:10,600 --> 00:42:15,399
Speaker 2: want about SBS First Home Combo, SKay seventy four. As

910
00:42:15,400 --> 00:42:17,239
Speaker 2: the teachers head back to school today, like all the

911
00:42:17,280 --> 00:42:20,000
Speaker 2: other strikes, you know what, nothing got achieved never does

912
00:42:20,280 --> 00:42:22,680
Speaker 2: for a strike to work. You need to scare people.

913
00:42:22,880 --> 00:42:24,640
Speaker 2: You need to bring a place to a standstill. Cook

914
00:42:24,640 --> 00:42:27,560
Speaker 2: straight fairies. Bus and train services unavailable for weeks on

915
00:42:27,640 --> 00:42:30,240
Speaker 2: and that's what works. But those days are gone, of course,

916
00:42:30,320 --> 00:42:32,640
Speaker 2: thank the good Lord. These days it's a day here,

917
00:42:32,719 --> 00:42:35,040
Speaker 2: a day there. I mean, yes, we get you're not happy.

918
00:42:35,160 --> 00:42:38,160
Speaker 2: Yes you might deserve a better deal, but your day

919
00:42:38,200 --> 00:42:40,600
Speaker 2: off with you one minute of placard waving on the

920
00:42:40,640 --> 00:42:42,920
Speaker 2: TV news bullet and that hasn't watched anymore the way

921
00:42:42,920 --> 00:42:44,960
Speaker 2: it used to be. Doesn't really shift the dial, does it.

922
00:42:45,200 --> 00:42:47,120
Speaker 2: I think? Also, the country has changed in the past

923
00:42:47,120 --> 00:42:49,959
Speaker 2: few decades. Although unionism had a bit of a spike

924
00:42:50,040 --> 00:42:52,200
Speaker 2: under the Sixty Years of Labor, the Employment Contracts Act

925
00:42:52,280 --> 00:42:55,200
Speaker 2: of the early nineties largely broke the unions for good,

926
00:42:55,239 --> 00:42:57,200
Speaker 2: not literally. But when people got a choice, they chose

927
00:42:57,200 --> 00:42:59,840
Speaker 2: to back themselves. Do you know what I wish? I

928
00:43:00,120 --> 00:43:02,600
Speaker 2: wish those who are unionists could see the freedom and

929
00:43:02,640 --> 00:43:06,120
Speaker 2: potential of non union opportunity. I mean, no, not all

930
00:43:06,200 --> 00:43:09,960
Speaker 2: jobs can be individualized, but most can, and teaching is

931
00:43:09,960 --> 00:43:12,760
Speaker 2: one of them. We all know good teachers, great teachers,

932
00:43:12,920 --> 00:43:15,040
Speaker 2: ordinary teachers, the same way we all know good waiters

933
00:43:15,040 --> 00:43:17,880
Speaker 2: and restaurants, and doctors and accountants, retail outlets. In a

934
00:43:18,000 --> 00:43:21,440
Speaker 2: nation of small business. It tells us we back ourselves.

935
00:43:21,480 --> 00:43:24,000
Speaker 2: We like to back ourselves we revel in the idea

936
00:43:24,040 --> 00:43:26,120
Speaker 2: that we and our skills and our determination can make

937
00:43:26,160 --> 00:43:28,720
Speaker 2: a decent living. The fact, the rote response to merit

938
00:43:28,719 --> 00:43:31,200
Speaker 2: based pay for teachers goes something like, oh well, how

939
00:43:31,200 --> 00:43:34,080
Speaker 2: would you judge on exam results? It shows just how

940
00:43:34,160 --> 00:43:37,440
Speaker 2: little they understand their individuality and ability to make a difference.

941
00:43:37,680 --> 00:43:39,880
Speaker 2: It's like that Radio and New Zealand report last week

942
00:43:40,440 --> 00:43:42,640
Speaker 2: where most of them thought they're in a sunset industry,

943
00:43:42,960 --> 00:43:47,280
Speaker 2: when in fact the exact opposite is true. It's Stockholm syndrome.

944
00:43:47,640 --> 00:43:50,000
Speaker 2: Your captors, the unions have told you this is the

945
00:43:50,040 --> 00:43:52,840
Speaker 2: only way. It isn't never has been. I've argued this

946
00:43:52,880 --> 00:43:54,680
Speaker 2: for years, of course, and I've got nowhere. But that

947
00:43:54,719 --> 00:43:56,759
Speaker 2: doesn't make the argument a bad argument. What I know,

948
00:43:57,440 --> 00:44:00,279
Speaker 2: like hundreds of thousands of New Zealanders know, is being

949
00:44:00,360 --> 00:44:02,400
Speaker 2: your own boss, your own person is a winning formula

950
00:44:02,480 --> 00:44:03,399
Speaker 2: if you want to win.

951
00:44:04,040 --> 00:44:04,560
Speaker 13: I know, like.

952
00:44:04,560 --> 00:44:06,640
Speaker 2: Hundreds of thousands of other New Zealanders, I love my

953
00:44:06,719 --> 00:44:08,879
Speaker 2: job in my lot. I don't see the same fiss

954
00:44:08,960 --> 00:44:10,880
Speaker 2: from teachers. Why do you reckon?

955
00:44:10,920 --> 00:44:12,959
Speaker 7: That is pasking before?

956
00:44:13,000 --> 00:44:15,160
Speaker 2: We like our home land currently flaying. Yes, now, I'm

957
00:44:15,600 --> 00:44:19,560
Speaker 2: deeply immersed in this with various people I've gone. See

958
00:44:19,560 --> 00:44:21,880
Speaker 2: first of all, slap me on the back. I'm not

959
00:44:21,920 --> 00:44:24,600
Speaker 2: a lie. I mean, Greg and Andrew Will said the

960
00:44:24,600 --> 00:44:26,960
Speaker 2: same thing. Two point five is where we're heading. So

961
00:44:27,040 --> 00:44:29,160
Speaker 2: at two point five and we'll have to talk to

962
00:44:29,239 --> 00:44:31,480
Speaker 2: Christian about that because he wasn't saying that recently. But anyway,

963
00:44:31,520 --> 00:44:33,920
Speaker 2: two point five is where we're heading. So if you're

964
00:44:33,920 --> 00:44:36,360
Speaker 2: talking about mortgages and floating and stuff like that, you

965
00:44:36,520 --> 00:44:38,920
Speaker 2: really and this is part of the problem is when

966
00:44:39,000 --> 00:44:41,120
Speaker 2: they say we might be going two more times, I

967
00:44:41,160 --> 00:44:42,480
Speaker 2: mean they're going to have to go two more times,

968
00:44:42,520 --> 00:44:45,000
Speaker 2: but say we're officially we might be going. Could be

969
00:44:45,480 --> 00:44:47,799
Speaker 2: you're down at two point five. What's a mortgage?

970
00:44:48,680 --> 00:44:48,800
Speaker 1: Is it?

971
00:44:48,880 --> 00:44:51,560
Speaker 2: Four four, four, five, four six, something like that. I

972
00:44:51,560 --> 00:44:53,879
Speaker 2: would have gone, I'm telling people, get four seven, four

973
00:44:53,920 --> 00:44:56,560
Speaker 2: to eight. By the way, take my advice, don't take

974
00:44:56,560 --> 00:44:58,520
Speaker 2: my advice. Don't hold me to it, you know, do

975
00:44:58,560 --> 00:45:01,840
Speaker 2: whatever you like. But at two five, you're looking and

976
00:45:01,960 --> 00:45:05,279
Speaker 2: you're starting to look towards low falls, aren't you. And

977
00:45:05,320 --> 00:45:07,120
Speaker 2: if you're starting to look at low falls, you're on

978
00:45:07,160 --> 00:45:09,280
Speaker 2: a floating rate of six or seven. At the moment,

979
00:45:09,960 --> 00:45:12,880
Speaker 2: there's room to move anyway. We'll crunt some more numbers

980
00:45:12,880 --> 00:45:15,040
Speaker 2: with the Acting Reserve Bank Governor in a couple of

981
00:45:15,040 --> 00:45:17,240
Speaker 2: moments on the program, then get back into the meetings

982
00:45:17,280 --> 00:45:19,200
Speaker 2: of the last couple of days and those meetings still

983
00:45:19,239 --> 00:45:22,759
Speaker 2: to come, if there are any meetings. Nick Bright is

984
00:45:22,800 --> 00:45:24,960
Speaker 2: back after eight meantime, News is next.

985
00:45:25,800 --> 00:45:29,760
Speaker 1: New Zealand's voice of reason is Mike the Mic asking

986
00:45:29,840 --> 00:45:34,840
Speaker 1: breakfast with Alveda Retirement Communities, Life Your Way, News Togsdad b.

987
00:45:34,920 --> 00:45:36,800
Speaker 2: Bloy for minut's away from mates. So to the wonderful

988
00:45:36,800 --> 00:45:38,480
Speaker 2: world at the Central Bank and their view of where

989
00:45:38,480 --> 00:45:40,640
Speaker 2: we're at and what we need to do economically. Twenty

990
00:45:40,680 --> 00:45:43,600
Speaker 2: five point? Can't cash rate it four while it's down

991
00:45:43,640 --> 00:45:45,040
Speaker 2: to eventually it's going to be two and a half.

992
00:45:45,080 --> 00:45:47,920
Speaker 2: They think four two vote hasn't happened before. A couple

993
00:45:47,960 --> 00:45:50,799
Speaker 2: more cuts before Christmas. So Christian Hartsby, Acting Reserve Bank

994
00:45:50,840 --> 00:45:53,319
Speaker 2: Governor's back with us. Good morning today. What do you

995
00:45:53,360 --> 00:45:56,440
Speaker 2: say to people like Jared Kerr and Greg Smith at

996
00:45:56,480 --> 00:46:00,760
Speaker 2: Devon who have yelled for months now fifty points, fifty

997
00:46:00,800 --> 00:46:03,120
Speaker 2: points and fifty points last time you held in this

998
00:46:03,160 --> 00:46:06,319
Speaker 2: time it's only twenty five. They're right, you're not. What

999
00:46:06,360 --> 00:46:07,200
Speaker 2: do you say.

1000
00:46:08,800 --> 00:46:11,600
Speaker 18: I say that we're focused on our mandate, which is

1001
00:46:12,080 --> 00:46:15,720
Speaker 18: achieving our inflation target and focused on those medium term

1002
00:46:16,200 --> 00:46:19,879
Speaker 18: inflation pressures. And it's really been the economy stalling over

1003
00:46:19,960 --> 00:46:25,359
Speaker 18: this Q two that's revised down that outlook, and that's

1004
00:46:25,400 --> 00:46:27,280
Speaker 18: what we're responding to today.

1005
00:46:27,480 --> 00:46:29,600
Speaker 2: And then that today is part of the problem. The

1006
00:46:29,719 --> 00:46:32,760
Speaker 2: Q two A lot of people saw it, saw it coming,

1007
00:46:32,880 --> 00:46:35,239
Speaker 2: and we're yelling and you didn't. How come you didn't

1008
00:46:35,239 --> 00:46:35,520
Speaker 2: see it?

1009
00:46:37,480 --> 00:46:41,080
Speaker 18: Well, we saw some of it come through in the

1010
00:46:41,120 --> 00:46:43,960
Speaker 18: early phase, and in July. We had a meeting in

1011
00:46:44,040 --> 00:46:47,120
Speaker 18: July and we indicated that there was some signs there

1012
00:46:47,160 --> 00:46:50,680
Speaker 18: and that we were open to cutting going forward. So

1013
00:46:50,719 --> 00:46:53,640
Speaker 18: we gave that signal and that bias in July. As

1014
00:46:53,680 --> 00:46:56,840
Speaker 18: it's gone through since then, there's been even more signs

1015
00:46:56,960 --> 00:46:59,920
Speaker 18: until we've got more confidence that we can lower rate

1016
00:47:00,040 --> 00:47:01,360
Speaker 18: and we can lower them very quickly.

1017
00:47:01,960 --> 00:47:04,920
Speaker 2: Yeah, but you should have done that already.

1018
00:47:05,440 --> 00:47:08,080
Speaker 18: We just look forward from where we are is all

1019
00:47:08,080 --> 00:47:10,239
Speaker 18: we can do. We play the ball in front of us.

1020
00:47:10,480 --> 00:47:13,320
Speaker 2: But what I'm trying to ascertain here is how is

1021
00:47:13,360 --> 00:47:15,400
Speaker 2: it that so many people could see what was coming

1022
00:47:15,440 --> 00:47:18,399
Speaker 2: in Q two? The will felt weird, it felt bad,

1023
00:47:18,840 --> 00:47:22,320
Speaker 2: The local economy was crap and we will feel it

1024
00:47:22,440 --> 00:47:25,680
Speaker 2: livet see it. How come you can't see the same thing.

1025
00:47:27,600 --> 00:47:31,440
Speaker 18: Because you know there are risks on either side of

1026
00:47:31,520 --> 00:47:36,879
Speaker 18: the outlook that risk to growth has come through. There

1027
00:47:36,920 --> 00:47:41,120
Speaker 18: are risks on the other side around inflation. Headline inflation

1028
00:47:41,320 --> 00:47:44,799
Speaker 18: getting up around three percent. We've got it at three

1029
00:47:44,840 --> 00:47:48,200
Speaker 18: percent for Q three, fifty to fifty percent chance it

1030
00:47:48,200 --> 00:47:51,279
Speaker 18: could go over three. There's a risk that that could

1031
00:47:51,320 --> 00:47:55,319
Speaker 18: push up inflation expectations and make our job harder. So

1032
00:47:56,080 --> 00:48:00,279
Speaker 18: for our committee, we revise down our ocr project. But

1033
00:48:00,320 --> 00:48:04,160
Speaker 18: we do actually see balanced risks around that lower path

1034
00:48:04,200 --> 00:48:04,880
Speaker 18: that will put.

1035
00:48:04,719 --> 00:48:08,640
Speaker 2: Out that inflation. How much of it's driven by power,

1036
00:48:08,920 --> 00:48:11,360
Speaker 2: insurance and rates, and how much of that do you

1037
00:48:11,400 --> 00:48:11,920
Speaker 2: look through?

1038
00:48:13,800 --> 00:48:17,520
Speaker 18: A good chunk of it is And so core inflation

1039
00:48:17,680 --> 00:48:21,920
Speaker 18: measures are falling, which is a good sign for us

1040
00:48:22,000 --> 00:48:26,879
Speaker 18: keeping inflation an caed it that two percent target out

1041
00:48:26,880 --> 00:48:29,799
Speaker 18: in the medium term, So we think we can look

1042
00:48:29,960 --> 00:48:33,879
Speaker 18: through a lot of that rise, that near term rise

1043
00:48:33,920 --> 00:48:36,640
Speaker 18: that we're seeing, but there is a risk that it

1044
00:48:36,680 --> 00:48:41,560
Speaker 18: does get embedded. And we've seen household inflation expectations tick up,

1045
00:48:41,560 --> 00:48:43,000
Speaker 18: and we're watching those very closely.

1046
00:48:43,600 --> 00:48:45,440
Speaker 2: But why have they ticked up? Christian they've ticked up

1047
00:48:45,440 --> 00:48:47,439
Speaker 2: because I've got my rates bill and my power bill

1048
00:48:47,600 --> 00:48:50,040
Speaker 2: and my insurance bill, and I just can't work out

1049
00:48:50,560 --> 00:48:52,719
Speaker 2: what you can't see for next year. Why would a

1050
00:48:52,760 --> 00:48:55,040
Speaker 2: council who's charging me twelve percent more this year not

1051
00:48:55,160 --> 00:48:57,120
Speaker 2: charging me another twelve next year because they can it's

1052
00:48:57,120 --> 00:48:58,040
Speaker 2: cost plus accounting.

1053
00:49:00,440 --> 00:49:04,440
Speaker 18: Councils will make their own decisions. We just have to

1054
00:49:04,600 --> 00:49:08,240
Speaker 18: focus on what, in totality all that means for inflation

1055
00:49:08,360 --> 00:49:11,439
Speaker 18: pressure in that medium in that medium term.

1056
00:49:11,600 --> 00:49:15,160
Speaker 2: Yeah, but if I look at a council's behavior, and

1057
00:49:15,160 --> 00:49:17,400
Speaker 2: I look at a power company's behavior and an insurance

1058
00:49:17,400 --> 00:49:20,200
Speaker 2: company's behavior, I'm seeing what you see. They're not they're

1059
00:49:20,239 --> 00:49:23,000
Speaker 2: not putting their prices down. They're driving inflation, and I

1060
00:49:23,000 --> 00:49:25,719
Speaker 2: don't see that changing. Therefore, that's not changing. Why do

1061
00:49:25,760 --> 00:49:26,359
Speaker 2: you think it is.

1062
00:49:28,960 --> 00:49:31,879
Speaker 18: There's just one part of the equation. We do have

1063
00:49:32,480 --> 00:49:35,400
Speaker 18: a lot of spare capacity in the economy, and so

1064
00:49:35,520 --> 00:49:39,719
Speaker 18: that's what that's the driver that we see core inflation

1065
00:49:40,400 --> 00:49:43,719
Speaker 18: settling more two percent in that medium term, because it's

1066
00:49:43,800 --> 00:49:48,120
Speaker 18: just we're not in an environment where all firms can

1067
00:49:48,160 --> 00:49:51,960
Speaker 18: pass on higher costs, and we're not an environment where

1068
00:49:52,360 --> 00:49:55,279
Speaker 18: households can bid up wages because we have a very

1069
00:49:55,280 --> 00:49:56,960
Speaker 18: soft labor market at the moment.

1070
00:49:57,040 --> 00:49:59,680
Speaker 2: But isn't that isn't that the crux of your problem?

1071
00:49:59,680 --> 00:50:03,120
Speaker 2: The of your problem is what's driving inflation is not productivity.

1072
00:50:03,400 --> 00:50:06,600
Speaker 2: It's just people sending out bills, and so you've got

1073
00:50:06,640 --> 00:50:08,759
Speaker 2: your inflation, but you haven't got it with growth. It's

1074
00:50:09,120 --> 00:50:11,400
Speaker 2: it's not the growth that's driving the inflation, hence the

1075
00:50:11,440 --> 00:50:12,799
Speaker 2: traditional worry you might have.

1076
00:50:14,640 --> 00:50:18,919
Speaker 18: So we're focused on the cyclical economy. So it's really

1077
00:50:18,960 --> 00:50:23,400
Speaker 18: about how much slacked there is relative to that potential

1078
00:50:23,440 --> 00:50:25,759
Speaker 18: growth rate, and so that's what drives us. We've got

1079
00:50:25,800 --> 00:50:30,799
Speaker 18: that medium term perspective. Productivity and potential growth is really

1080
00:50:30,800 --> 00:50:35,000
Speaker 18: a long term story. It's about new skills, new technology,

1081
00:50:35,040 --> 00:50:38,920
Speaker 18: and new ways of working your products, new markets. You know,

1082
00:50:39,000 --> 00:50:43,360
Speaker 18: that's that's out of our control, and even policies to

1083
00:50:43,440 --> 00:50:46,479
Speaker 18: promote those things are going to take time to flow

1084
00:50:46,520 --> 00:50:47,920
Speaker 18: through and we won't see it immediately.

1085
00:50:48,280 --> 00:50:50,360
Speaker 2: The fifty percent, I think Karen was talking about it,

1086
00:50:50,360 --> 00:50:52,759
Speaker 2: the fifty percent that's yet to flow through, as she

1087
00:50:52,920 --> 00:50:55,640
Speaker 2: termed it. How wedded to that idea, are you?

1088
00:50:57,800 --> 00:51:02,000
Speaker 18: Oh, that that's very mechanical, even that that's based on

1089
00:51:02,600 --> 00:51:06,960
Speaker 18: what we've done today. It's just the fact that we

1090
00:51:07,040 --> 00:51:10,640
Speaker 18: know that people are who have fixed at those higher

1091
00:51:10,760 --> 00:51:15,279
Speaker 18: rates just have to wait and bide their time until

1092
00:51:15,280 --> 00:51:16,239
Speaker 18: they have the opportunity.

1093
00:51:16,920 --> 00:51:20,040
Speaker 2: Sorry, I didn't word it proper. Yeah, I know, I

1094
00:51:20,040 --> 00:51:21,719
Speaker 2: get it. It's a mechanical question. I get it. But

1095
00:51:21,760 --> 00:51:23,560
Speaker 2: when I get my money, when I get the relief

1096
00:51:23,600 --> 00:51:25,640
Speaker 2: from the fixed interest rate and it comes down and

1097
00:51:25,680 --> 00:51:27,799
Speaker 2: the insurance bill comes through, I'm no better off. Therefore,

1098
00:51:27,800 --> 00:51:29,680
Speaker 2: I'm still in a funk. Therefore, the economy is still

1099
00:51:29,680 --> 00:51:30,120
Speaker 2: not moving.

1100
00:51:31,680 --> 00:51:36,240
Speaker 18: And that's why since May we are providing more stimulus

1101
00:51:36,680 --> 00:51:41,960
Speaker 18: because things have changed, things have been cooler, Households are

1102
00:51:42,000 --> 00:51:46,880
Speaker 18: feeling like they've got less discretionary income, all of those things,

1103
00:51:47,200 --> 00:51:50,200
Speaker 18: and that's what prompted the action yesterday, and that's what

1104
00:51:50,280 --> 00:51:52,400
Speaker 18: prompted the conversation about with it to go fifty.

1105
00:51:52,600 --> 00:51:54,680
Speaker 2: Yeah, but they don't feel like they've got it. They

1106
00:51:54,719 --> 00:51:56,719
Speaker 2: don't have it. It's a statement of fact. They don't

1107
00:51:56,719 --> 00:51:58,879
Speaker 2: have it because of all of the inflation driven things

1108
00:51:58,960 --> 00:52:01,759
Speaker 2: I mentioned a moment ago. The difficulty you face, as

1109
00:52:01,760 --> 00:52:04,160
Speaker 2: far as I can work out, is you haven't done enough.

1110
00:52:04,880 --> 00:52:08,000
Speaker 2: And now, if panic's too strong a word, you've certainly

1111
00:52:08,040 --> 00:52:09,719
Speaker 2: woken up to the fact you've got to do more.

1112
00:52:10,040 --> 00:52:12,799
Speaker 2: You've got at least two before Christmas, and I just

1113
00:52:13,160 --> 00:52:16,120
Speaker 2: don't know for a fact that people are going to

1114
00:52:16,200 --> 00:52:18,440
Speaker 2: respond to you because we're in such a funk. It's

1115
00:52:18,480 --> 00:52:20,440
Speaker 2: the psychology of a recession, isn't it.

1116
00:52:22,760 --> 00:52:28,160
Speaker 18: We see risks on both sides. We're already seeing in

1117
00:52:28,200 --> 00:52:31,800
Speaker 18: the July datus that some pick up and economic activity,

1118
00:52:31,880 --> 00:52:36,239
Speaker 18: some of those anecdotes are coming through. We've got confidence

1119
00:52:36,320 --> 00:52:40,880
Speaker 18: that there are drivers of this economy. We've got high

1120
00:52:41,000 --> 00:52:45,280
Speaker 18: export commodity prices. We've got outside of Wellington and Auckland

1121
00:52:46,040 --> 00:52:49,320
Speaker 18: the vibers different people feel Christian.

1122
00:52:49,320 --> 00:52:51,200
Speaker 2: It's been that way all year. The farmers are booming

1123
00:52:51,200 --> 00:52:54,080
Speaker 2: and it's brilliant they're booming. But you can't say outside

1124
00:52:54,080 --> 00:53:00,480
Speaker 2: of Auckland. Auckland is the engine room of the economy, large.

1125
00:53:00,320 --> 00:53:02,840
Speaker 18: Part of the economy, but it's not all of the economy.

1126
00:53:02,880 --> 00:53:05,040
Speaker 18: If we if we could, if we could, we would

1127
00:53:05,040 --> 00:53:08,440
Speaker 18: set interest rates differently for Auckland and Wellington, but we

1128
00:53:08,520 --> 00:53:10,760
Speaker 18: have to set interest rates for the for the country.

1129
00:53:11,360 --> 00:53:15,440
Speaker 18: That there are other drivers here. We are confident that

1130
00:53:15,560 --> 00:53:19,440
Speaker 18: lower interest rate will will kick in and we will

1131
00:53:19,480 --> 00:53:22,319
Speaker 18: see that recovery through the second half of this year.

1132
00:53:22,440 --> 00:53:24,720
Speaker 2: Well, let's hope you're right. Appreciate it very much. Christian Hawksby,

1133
00:53:24,719 --> 00:53:27,719
Speaker 2: who's the acting Reserve Bank Governor. We'll company feedback in

1134
00:53:27,760 --> 00:53:30,239
Speaker 2: the moment. Seven forty five The.

1135
00:53:30,400 --> 00:53:34,799
Speaker 1: Mike Asking Breakfast Full Show podcast on iHeartRadio powered by

1136
00:53:34,880 --> 00:53:35,400
Speaker 1: News Talks.

1137
00:53:35,400 --> 00:53:38,320
Speaker 2: It'd be all right at thirteen to eight, Mike, you

1138
00:53:38,360 --> 00:53:40,319
Speaker 2: make more sense than the governor. I get stuck and

1139
00:53:40,680 --> 00:53:43,480
Speaker 2: Mike wouldn't go on a long sea voyage with Christian.

1140
00:53:43,840 --> 00:53:46,720
Speaker 2: Christian vacillating is not making me feel confident. He doesn't

1141
00:53:46,719 --> 00:53:50,080
Speaker 2: instill confidence, does he. He doesn't sound like a bloke

1142
00:53:50,120 --> 00:53:51,839
Speaker 2: who's on too He should have been. I was saying,

1143
00:53:52,040 --> 00:53:54,319
Speaker 2: he should have been tearing me apart. Mike, you don't

1144
00:53:54,320 --> 00:53:56,400
Speaker 2: have the slightest economic clue as to what's going on.

1145
00:53:56,440 --> 00:53:58,480
Speaker 2: That's why I'm the governor. Here's why I'm right. Bang

1146
00:53:58,560 --> 00:54:01,040
Speaker 2: bang bang bang, And the end of that, you go, oh,

1147
00:54:01,120 --> 00:54:03,360
Speaker 2: is that what he's trying to do? Mike. Unfortunately, this

1148
00:54:03,400 --> 00:54:05,640
Speaker 2: guy has a complete dipstickle, and I'm not sure attacking

1149
00:54:05,680 --> 00:54:08,239
Speaker 2: him is the answer. Hosking now trying to tell the

1150
00:54:08,320 --> 00:54:10,719
Speaker 2: RB governor how to do his job. Another display of

1151
00:54:10,840 --> 00:54:14,040
Speaker 2: I know everything about everything, just effing arrogance, Mike, six

1152
00:54:14,160 --> 00:54:16,880
Speaker 2: hundred plus staff. And that's the result. You get confused.

1153
00:54:17,080 --> 00:54:21,239
Speaker 2: Rates remove money from the economy. They do, and they

1154
00:54:21,239 --> 00:54:24,600
Speaker 2: don't Morning, Mike. Should we be calling it the reserved bank?

1155
00:54:24,840 --> 00:54:27,759
Speaker 2: It's not bad. Can you actually call council rates, power

1156
00:54:27,760 --> 00:54:31,239
Speaker 2: and insurance inflationary? Yes you can, because they're above the

1157
00:54:31,280 --> 00:54:34,160
Speaker 2: inflation rate. And where's the money go? What you ideally

1158
00:54:34,200 --> 00:54:36,919
Speaker 2: want is everybody playing the game. So, in other words,

1159
00:54:36,960 --> 00:54:39,080
Speaker 2: of inflation's two and a half percent, your bills are

1160
00:54:39,080 --> 00:54:40,719
Speaker 2: going up two and a half percent, you're growing about

1161
00:54:40,719 --> 00:54:42,279
Speaker 2: two and a half percent. Anymore of the whole thing

1162
00:54:42,320 --> 00:54:45,000
Speaker 2: starts to fall apart, and it's where the money goes.

1163
00:54:45,040 --> 00:54:48,400
Speaker 2: The key to this is where the money goes. Going

1164
00:54:48,400 --> 00:54:51,439
Speaker 2: to a council, going to an insurance company doesn't help

1165
00:54:51,480 --> 00:54:54,440
Speaker 2: the economy because it's not predicted about. It's not particularly

1166
00:54:54,600 --> 00:54:57,400
Speaker 2: productive spending. You want to put it into productive spending.

1167
00:54:57,440 --> 00:54:59,000
Speaker 2: You want to start a company, you want to grow

1168
00:54:59,040 --> 00:55:01,120
Speaker 2: a business, you want to higher people. That's where the

1169
00:55:01,120 --> 00:55:04,000
Speaker 2: money needs to go. This guy basically is the tarot

1170
00:55:04,080 --> 00:55:07,720
Speaker 2: card reader talking about Chakrask. Mike, it's not the RB's

1171
00:55:07,800 --> 00:55:09,840
Speaker 2: job to grow the economy. The government need to provide

1172
00:55:09,840 --> 00:55:13,239
Speaker 2: confidence and optimism. Very very very good point. But it

1173
00:55:13,360 --> 00:55:18,480
Speaker 2: is the RB's job to provide the circumstances in the

1174
00:55:18,520 --> 00:55:21,440
Speaker 2: economy for us to want to grow, and they're not

1175
00:55:21,719 --> 00:55:24,560
Speaker 2: doing that. And that's the point. And Nikola was out

1176
00:55:24,560 --> 00:55:27,120
Speaker 2: there yesterday trying to jawbone the place up and talk

1177
00:55:27,160 --> 00:55:29,200
Speaker 2: about the misery merchants, and she can do that till

1178
00:55:29,280 --> 00:55:31,759
Speaker 2: she's blue in the face. But you know as well

1179
00:55:31,760 --> 00:55:34,680
Speaker 2: as I do that when your mortgage money comes down

1180
00:55:34,760 --> 00:55:37,360
Speaker 2: and you've got more money, and suddenly then the bills

1181
00:55:37,400 --> 00:55:39,560
Speaker 2: take up every one of those dollars, if not more so,

1182
00:55:40,239 --> 00:55:43,120
Speaker 2: then that's not helping the economy. And that's exactly what's

1183
00:55:43,120 --> 00:55:44,000
Speaker 2: happening at the moment.

1184
00:55:44,440 --> 00:55:49,719
Speaker 1: Tend Away the make Hosking Breakfast with Vida, Retirement, Communities News,

1185
00:55:49,800 --> 00:55:50,360
Speaker 1: togs Head be.

1186
00:55:50,640 --> 00:55:53,600
Speaker 2: Mike, Thanks, thank heavens for your show. Driving across Saskatchuan

1187
00:55:53,640 --> 00:56:02,359
Speaker 2: to Saskatoon, from Saskatchewan to Saskatoons stand by and as

1188
00:56:02,400 --> 00:56:04,720
Speaker 2: beautiful as it is, the roads are a little straight

1189
00:56:04,800 --> 00:56:07,000
Speaker 2: and the land is a little flat, but they've done that.

1190
00:56:07,239 --> 00:56:08,960
Speaker 2: You could watch your dog run away for a couple

1191
00:56:08,960 --> 00:56:11,680
Speaker 2: of days is what the Reserve Bank's saying, that we

1192
00:56:11,719 --> 00:56:13,640
Speaker 2: have the productive side of the economy outweighed by the

1193
00:56:13,640 --> 00:56:15,840
Speaker 2: bloated government sector, which needs an act taken to the

1194
00:56:15,840 --> 00:56:19,560
Speaker 2: bureaucracy part of getting it back in balance and productivity. Daniel,

1195
00:56:19,680 --> 00:56:21,719
Speaker 2: very very good question. Thank you for taking the time

1196
00:56:21,760 --> 00:56:24,439
Speaker 2: out to be tripped to ask us that. I didn't

1197
00:56:24,480 --> 00:56:26,759
Speaker 2: have time to ask Christian that. But my understanding of

1198
00:56:26,800 --> 00:56:29,160
Speaker 2: what he said yesterday's the government's done their job. He

1199
00:56:29,280 --> 00:56:31,319
Speaker 2: was bullish on the government. The government has got out

1200
00:56:31,320 --> 00:56:33,520
Speaker 2: of the way. The government, broadly speaking, could they do more?

1201
00:56:33,520 --> 00:56:34,799
Speaker 2: Of course they could do more. Could they cut more

1202
00:56:34,840 --> 00:56:37,799
Speaker 2: public servants, you bet they could. But broadly speaking, his

1203
00:56:37,960 --> 00:56:40,919
Speaker 2: argument seemed to be that the government had done their

1204
00:56:41,000 --> 00:56:43,759
Speaker 2: side of the equation. He seems between a rock and

1205
00:56:43,800 --> 00:56:45,480
Speaker 2: a hard place. He doesn't know how to explain it.

1206
00:56:45,719 --> 00:56:47,520
Speaker 2: He either doesn't know how to explain it, or he

1207
00:56:47,520 --> 00:56:49,279
Speaker 2: doesn't have a clue what's going on one or the other.

1208
00:56:49,360 --> 00:56:49,480
Speaker 10: Now.

1209
00:56:49,520 --> 00:56:52,120
Speaker 2: I know him to be a very bright, well educated person,

1210
00:56:52,160 --> 00:56:54,719
Speaker 2: so I'm not personally insulting him or indeed any of

1211
00:56:54,760 --> 00:56:58,239
Speaker 2: the others there. I'm sure they're all highly qualified, and

1212
00:56:58,280 --> 00:57:00,160
Speaker 2: they've all got things on their wall that show they

1213
00:57:00,200 --> 00:57:03,160
Speaker 2: turned up to institutions for extended period of time. My

1214
00:57:03,360 --> 00:57:06,920
Speaker 2: whole argument is the economy is a human experience, and

1215
00:57:06,960 --> 00:57:10,920
Speaker 2: I don't know that they're human enough to get it now.

1216
00:57:11,239 --> 00:57:13,279
Speaker 2: It was always going to happen, but it was so fun.

1217
00:57:13,360 --> 00:57:16,160
Speaker 2: Yesterday at question time in Parliament, will O Gene Willow,

1218
00:57:16,240 --> 00:57:19,800
Speaker 2: I don't answer the male gene prime. She's been kept

1219
00:57:19,800 --> 00:57:21,720
Speaker 2: out of question time this week for Philly. Obvious question

1220
00:57:21,920 --> 00:57:24,000
Speaker 2: for Philly, obvious reasons, because you know full well the

1221
00:57:24,000 --> 00:57:25,280
Speaker 2: moment she stood up, everyone's going to go.

1222
00:57:25,400 --> 00:57:26,000
Speaker 7: Here we go.

1223
00:57:26,880 --> 00:57:29,080
Speaker 2: The answer to the my Alliot Weller, Jane, there's all

1224
00:57:29,120 --> 00:57:32,560
Speaker 2: of that coming anyway. She started with us yesterday.

1225
00:57:32,920 --> 00:57:35,800
Speaker 6: My question is to the Minister of Education, does she

1226
00:57:35,840 --> 00:57:38,280
Speaker 6: stand by all her statements and actions now?

1227
00:57:38,360 --> 00:57:40,520
Speaker 2: The reason she asked that question, this is a This

1228
00:57:40,600 --> 00:57:43,600
Speaker 2: is for wonks. They asked that question so that you

1229
00:57:43,720 --> 00:57:46,560
Speaker 2: don't know what's coming. The primary question has to be

1230
00:57:46,600 --> 00:57:50,720
Speaker 2: published so you can have some understanding and answering at

1231
00:57:50,720 --> 00:57:54,640
Speaker 2: what you're in for. The supplementaries are where you branch out.

1232
00:57:55,080 --> 00:57:58,200
Speaker 2: But the reason for supplementaries branching out is they can't

1233
00:57:58,280 --> 00:58:00,960
Speaker 2: via too far from the primary COQ question. So they

1234
00:58:01,000 --> 00:58:03,200
Speaker 2: ask a really random question like do you stand behind

1235
00:58:03,240 --> 00:58:07,640
Speaker 2: all your statements? Unfortunately Erica saw it coming.

1236
00:58:07,760 --> 00:58:12,480
Speaker 6: Missus Speaker. Yes, and in particular my repeated attempts to

1237
00:58:12,560 --> 00:58:16,040
Speaker 6: contact the member to get cross party collaboration on particulument.

1238
00:58:15,520 --> 00:58:16,320
Speaker 9: In CEO reform.

1239
00:58:17,000 --> 00:58:20,280
Speaker 6: The public expect cross party engagement on significant issues such

1240
00:58:20,320 --> 00:58:22,960
Speaker 6: as the future of our national curriculum, and I mightt

1241
00:58:23,000 --> 00:58:26,040
Speaker 6: certainly stand by my repeated efforts over many months, y

1242
00:58:26,080 --> 00:58:29,240
Speaker 6: a multiple challenge and open invitation to achieve this to

1243
00:58:29,280 --> 00:58:32,960
Speaker 6: both the member and the leader of the Opposition, both

1244
00:58:33,040 --> 00:58:35,720
Speaker 6: of whom didn't reply until it was a matter of

1245
00:58:35,760 --> 00:58:36,520
Speaker 6: public interest.

1246
00:58:37,040 --> 00:58:40,200
Speaker 2: So take that. Can you ever listen to Willow jen

1247
00:58:40,320 --> 00:58:44,200
Speaker 2: Prime on anything ever again? And take her even remotely seriously,

1248
00:58:44,280 --> 00:58:47,200
Speaker 2: knowing full well she's not really interested in the email

1249
00:58:47,240 --> 00:58:49,760
Speaker 2: bank Mike. One thing I cannot get my head around

1250
00:58:49,800 --> 00:58:51,320
Speaker 2: is the fact that the Reserve Bank of New Zealand

1251
00:58:51,320 --> 00:58:53,480
Speaker 2: at one point recently had five hundred and twenty four staff.

1252
00:58:53,960 --> 00:58:56,400
Speaker 2: And that's the other side of the equation. Under Adrian

1253
00:58:56,640 --> 00:59:01,880
Speaker 2: or he was wanting a billion dollars billion dollars to

1254
00:59:02,000 --> 00:59:05,560
Speaker 2: run the Reserve Bank. He was wanting to expand into

1255
00:59:05,640 --> 00:59:08,080
Speaker 2: areas that you've got you've never even heard of before.

1256
00:59:08,120 --> 00:59:10,640
Speaker 2: He was hiring left, right and center. And the tragedy

1257
00:59:10,640 --> 00:59:12,920
Speaker 2: at the moment is thank god Nikola came along and

1258
00:59:13,240 --> 00:59:15,840
Speaker 2: said forget it, gave him a nice, big twenty five

1259
00:59:15,880 --> 00:59:19,680
Speaker 2: percent cut, and now, sadly there are people who I'm

1260
00:59:19,680 --> 00:59:22,120
Speaker 2: sure very nice people doing a very nice job, who

1261
00:59:22,160 --> 00:59:24,120
Speaker 2: are going to lose their work because Adrian was a

1262
00:59:24,200 --> 00:59:27,160
Speaker 2: nego maniac and wanted to hire every second person in

1263
00:59:27,160 --> 00:59:31,360
Speaker 2: Wellington to run his esteemed establishment, his empire, so he

1264
00:59:31,400 --> 00:59:35,120
Speaker 2: could yet again go out and misread the economy, bugger

1265
00:59:35,200 --> 00:59:38,280
Speaker 2: the place completely. I mean, how you defend any of

1266
00:59:38,320 --> 00:59:41,520
Speaker 2: this is beyond me, but there you go. So next

1267
00:59:41,640 --> 00:59:43,600
Speaker 2: Nick Bryant, our old mate's back. What we need to

1268
00:59:43,600 --> 00:59:46,120
Speaker 2: deal with is what happens. You notice how quiet the

1269
00:59:46,120 --> 00:59:47,680
Speaker 2: White House has been in the last twenty four hours,

1270
00:59:47,720 --> 00:59:50,520
Speaker 2: bullish out of Alaska, bullush out of the meeting earlier

1271
00:59:50,560 --> 00:59:54,800
Speaker 2: on this week, meetings meetings by lats, tilats, and then hello, Hello,

1272
00:59:54,960 --> 00:59:56,400
Speaker 2: where is the meeting and who's there?

1273
00:59:56,720 --> 01:00:03,280
Speaker 19: Nick Bryant is next makes game engaging and ideal the

1274
01:00:03,440 --> 01:00:07,560
Speaker 19: mic asking breakfast with Range Rover leading by example, news

1275
01:00:07,600 --> 01:00:08,200
Speaker 19: togs Head b.

1276
01:00:11,520 --> 01:00:13,479
Speaker 2: If it was seven past eight, So with amazing maybe

1277
01:00:13,480 --> 01:00:15,920
Speaker 2: in the wings that could be in Budapart or Switzerland

1278
01:00:16,000 --> 01:00:18,120
Speaker 2: or anywhere else you might want to guess. It could

1279
01:00:18,120 --> 01:00:20,080
Speaker 2: involve two people or three people are bye left and

1280
01:00:20,160 --> 01:00:22,480
Speaker 2: the tri late. The upshot is the pressure is on

1281
01:00:22,520 --> 01:00:24,480
Speaker 2: the US president at the moment to deliver on a

1282
01:00:24,480 --> 01:00:26,920
Speaker 2: peace deal for Ukraine. He's busy claiming he is the

1283
01:00:26,960 --> 01:00:30,360
Speaker 2: war solder in chief. Seven wars and counting as of yesterday.

1284
01:00:30,360 --> 01:00:33,000
Speaker 2: Our all make Nick Bryant author of everything from when

1285
01:00:33,040 --> 01:00:36,000
Speaker 2: America Stopped being Great to the Forever War is back

1286
01:00:36,040 --> 01:00:36,400
Speaker 2: with us?

1287
01:00:36,480 --> 01:00:39,640
Speaker 7: Nick, Good morning, Hey Mike, how I I'm very well.

1288
01:00:39,640 --> 01:00:41,680
Speaker 2: Indeed, I'll start with the last question. First, how do

1289
01:00:41,760 --> 01:00:43,040
Speaker 2: you think all this ends?

1290
01:00:44,240 --> 01:00:48,960
Speaker 7: Well, it's so difficult to say, isn't it. Presumably it ends, Mike,

1291
01:00:49,040 --> 01:00:53,880
Speaker 7: with Donald Trump at some stage really saying to Vladimir

1292
01:00:53,960 --> 01:00:59,360
Speaker 7: Pussin issuing him an ultimatum, this has to stop. And

1293
01:00:59,520 --> 01:01:01,919
Speaker 7: if it does, and we will exert pressure on you.

1294
01:01:01,960 --> 01:01:05,720
Speaker 7: The problem is, Mike, that crunch moment never comes, does it.

1295
01:01:06,080 --> 01:01:09,440
Speaker 7: When he headed to Alaska, he said, I am demanding

1296
01:01:09,440 --> 01:01:11,280
Speaker 7: a cease far. And if there isn't a cease far,

1297
01:01:11,320 --> 01:01:13,600
Speaker 7: there are going to be serious consequences. With Vladimir Pusin,

1298
01:01:13,640 --> 01:01:16,080
Speaker 7: he was talking about more sanctions, He was talking about

1299
01:01:16,360 --> 01:01:18,960
Speaker 7: secondary sanctions from countries like India and China, who, by

1300
01:01:19,040 --> 01:01:21,360
Speaker 7: rushes All, who basically sort of helped finance the war

1301
01:01:21,400 --> 01:01:26,640
Speaker 7: effort through those purchases. And what happened in Alaska, Trump

1302
01:01:26,800 --> 01:01:30,440
Speaker 7: back down. He came away with nothing from Pousin. And

1303
01:01:30,480 --> 01:01:32,480
Speaker 7: that's the problem. As you said, he just seems to

1304
01:01:32,480 --> 01:01:34,960
Speaker 7: be sort of making it up as as he's going

1305
01:01:35,000 --> 01:01:39,120
Speaker 7: along a bilateral or a trilateral Budapest or Switzerland. There

1306
01:01:39,160 --> 01:01:42,000
Speaker 7: just doesn't seem to be a strategic plan. As so

1307
01:01:42,160 --> 01:01:44,640
Speaker 7: often happens, It seems that Trump is influenced by the

1308
01:01:44,720 --> 01:01:46,600
Speaker 7: last person he speaks to. This week, it was the

1309
01:01:46,640 --> 01:01:50,960
Speaker 7: Europeans of Vladimitzelenski in Washington, that extraordinary summit this time.

1310
01:01:51,040 --> 01:01:55,400
Speaker 7: Last week, of course, it was Vladimir Putin in another

1311
01:01:55,440 --> 01:01:59,840
Speaker 7: extraordinary summit in Alaska. There's just doesn't seem to be

1312
01:01:59,840 --> 01:02:02,640
Speaker 7: a coherent strategy mic, So it's hard to see how

1313
01:02:02,680 --> 01:02:03,080
Speaker 7: this ends.

1314
01:02:03,400 --> 01:02:05,880
Speaker 2: Do you think there will be a meeting will Putin show?

1315
01:02:07,520 --> 01:02:11,280
Speaker 7: Well, he has always rejected the legitimacy of Vladimir Zelenski

1316
01:02:11,440 --> 01:02:14,520
Speaker 7: as the president of Ukraine. He has always regarded him

1317
01:02:14,600 --> 01:02:17,800
Speaker 7: as a junior. He doesn't say any parity between Russia

1318
01:02:18,120 --> 01:02:21,600
Speaker 7: and Ukraine. He wants to see a puppet in Ukraine.

1319
01:02:21,640 --> 01:02:24,880
Speaker 7: He wants to see a Russia friendly Ukraine. And he's

1320
01:02:24,960 --> 01:02:30,640
Speaker 7: never stepped back, Mike, from that core demand throughout this process.

1321
01:02:30,720 --> 01:02:32,760
Speaker 7: Over the last few weeks, as Donald Trump has had

1322
01:02:32,760 --> 01:02:34,919
Speaker 7: these phone calls, as Donald Trump has had this face

1323
01:02:34,960 --> 01:02:40,840
Speaker 7: to face, Vladimir Putin has made absolutely zero concessions. And

1324
01:02:40,920 --> 01:02:43,240
Speaker 7: while this process has been going on, of course he's

1325
01:02:43,280 --> 01:02:47,840
Speaker 7: intensifying the war. I mean, after being given that letter

1326
01:02:47,880 --> 01:02:52,800
Speaker 7: from Milania Trump saying you know, stop basically stop killing kids,

1327
01:02:53,080 --> 01:02:56,480
Speaker 7: he keeps on killing kids. And it goes back to

1328
01:02:56,560 --> 01:02:59,160
Speaker 7: this relationship, Mike, which is the most fascinating ballad of

1329
01:02:59,160 --> 01:03:03,320
Speaker 7: relationship on the PLA right now between Vladimir Putin and

1330
01:03:03,360 --> 01:03:06,560
Speaker 7: Donald Trump. I do not understand that relationship. I mean,

1331
01:03:06,640 --> 01:03:09,200
Speaker 7: thinking about that relationship for the last sort of eight

1332
01:03:09,360 --> 01:03:12,520
Speaker 7: or nine years, I think the only two people who

1333
01:03:12,560 --> 01:03:15,400
Speaker 7: really understand it are Putin and Trump. Who knows what

1334
01:03:15,480 --> 01:03:19,040
Speaker 7: happened in Alaska, especially in that private moment we're in

1335
01:03:19,040 --> 01:03:21,400
Speaker 7: the beast together. You know, they have that sort of

1336
01:03:21,920 --> 01:03:29,640
Speaker 7: ridiculous sort of red carpet stagecraft and choreographed entry into Alaska.

1337
01:03:29,680 --> 01:03:32,840
Speaker 7: They get into the car together. You know, Trump is

1338
01:03:32,920 --> 01:03:36,160
Speaker 7: generally deferred to by every international leader, but the relationship

1339
01:03:36,200 --> 01:03:38,400
Speaker 7: is so different with Putin is there. He just seems

1340
01:03:38,400 --> 01:03:40,280
Speaker 7: to go weak at the knees when Putin is around.

1341
01:03:40,280 --> 01:03:42,760
Speaker 7: He seems to defer to Putin. His language, his body

1342
01:03:42,840 --> 01:03:46,080
Speaker 7: language is so different. He never gets what he wants

1343
01:03:46,080 --> 01:03:49,000
Speaker 7: out of Putin. And I don't know why, and I

1344
01:03:49,040 --> 01:03:50,959
Speaker 7: don't think anybody really does.

1345
01:03:51,520 --> 01:03:54,120
Speaker 2: What's happened. What I find interesting is this was a

1346
01:03:54,160 --> 01:03:56,640
Speaker 2: bloke who's isolationist to Mierica first, and if you listen

1347
01:03:56,680 --> 01:03:59,240
Speaker 2: to Marjorie Taylor Green and all that lot, this isn't

1348
01:03:59,280 --> 01:04:02,480
Speaker 2: the war. He didn't seem interested. He was going to

1349
01:04:02,480 --> 01:04:04,520
Speaker 2: give you a meeting. I was got. This is months ago.

1350
01:04:05,520 --> 01:04:06,880
Speaker 2: And if you don't want to do what I'm out,

1351
01:04:06,920 --> 01:04:08,640
Speaker 2: I'm done. I've got better things to do with the time.

1352
01:04:08,840 --> 01:04:12,040
Speaker 2: Now he's solving, according to him, seven wars. Is he

1353
01:04:12,080 --> 01:04:14,600
Speaker 2: an isolationist or is he solving the world's problems.

1354
01:04:15,040 --> 01:04:17,080
Speaker 7: I don't think he's ever been an isolationist in the

1355
01:04:17,080 --> 01:04:21,400
Speaker 7: traditional sense, which is to basically retreat to America to

1356
01:04:22,160 --> 01:04:24,880
Speaker 7: kind of regard America as a country that wouldn't really

1357
01:04:24,920 --> 01:04:28,320
Speaker 7: connect in a significant way with other countries in a

1358
01:04:28,440 --> 01:04:32,160
Speaker 7: significant way with other conflicts around the world. And I

1359
01:04:32,200 --> 01:04:35,880
Speaker 7: think during the second term he's become a real interventionist.

1360
01:04:35,920 --> 01:04:39,120
Speaker 7: I mean, you know, Trump can claimed credit for intervening

1361
01:04:39,160 --> 01:04:41,520
Speaker 7: in some conflicts in a very helpful way. I mean,

1362
01:04:41,600 --> 01:04:44,960
Speaker 7: not least the Indo Pakistan flare up over that attack

1363
01:04:45,040 --> 01:04:48,280
Speaker 7: in Kashmir earlier in the year that had the potential

1364
01:04:48,320 --> 01:04:51,160
Speaker 7: pint to go really really ugly. I mean, these are

1365
01:04:51,160 --> 01:04:54,840
Speaker 7: two nuclear arm powers. Back in two thousand and one,

1366
01:04:54,960 --> 01:04:58,120
Speaker 7: two thousand and two, there was a conflagration there that

1367
01:04:58,600 --> 01:05:01,840
Speaker 7: really looked like it it it could spiral out of control,

1368
01:05:01,920 --> 01:05:04,480
Speaker 7: and the Trump's administration was very quick in this instance

1369
01:05:04,520 --> 01:05:06,880
Speaker 7: to stop that. You know, we've seen these these these

1370
01:05:06,920 --> 01:05:13,000
Speaker 7: peace deals in Africa, and you know the problem is

1371
01:05:13,080 --> 01:05:15,840
Speaker 7: my I mean so often Trump goes for this kind

1372
01:05:15,880 --> 01:05:21,840
Speaker 7: of performative diplomacy. It's it's it's stagecraft rather than state craft.

1373
01:05:22,080 --> 01:05:25,880
Speaker 7: It's not the kind of patient slog that you really

1374
01:05:25,960 --> 01:05:29,480
Speaker 7: need to get a lasting piece. I mean, the example

1375
01:05:29,520 --> 01:05:32,240
Speaker 7: would be Northern Ireland. You know, the good Friday agreement

1376
01:05:32,280 --> 01:05:35,880
Speaker 7: took years. It took patient negotiation by the Clinton administration,

1377
01:05:36,000 --> 01:05:40,360
Speaker 7: in particular the former US Democratic Senator George Mitchell. It

1378
01:05:40,440 --> 01:05:44,080
Speaker 7: was a slow process. It was an agonizing process. It

1379
01:05:44,320 --> 01:05:49,360
Speaker 7: required enormous detail, you know, looking at maps and things

1380
01:05:49,400 --> 01:05:52,560
Speaker 7: like that. And you know, Trump just hasn't got this patience,

1381
01:05:52,560 --> 01:05:54,240
Speaker 7: which is why it's a sort of throwing out all

1382
01:05:54,280 --> 01:05:57,600
Speaker 7: these different ideas. It's it's almost like its episodic mic.

1383
01:05:57,680 --> 01:06:00,240
Speaker 7: I mean, in Alaska it was the kind of Pudin show,

1384
01:06:00,280 --> 01:06:02,560
Speaker 7: and this week it was the kind of Zelenski and

1385
01:06:02,640 --> 01:06:05,520
Speaker 7: the European Leaders show. And next week it'll be the

1386
01:06:06,000 --> 01:06:09,560
Speaker 7: maybe the Budapest show or the Geneva show. And there's

1387
01:06:09,600 --> 01:06:13,400
Speaker 7: always a cliffhanger. He runs his foreign policy on stuff

1388
01:06:13,440 --> 01:06:15,440
Speaker 7: like this as if it is a reality TV show,

1389
01:06:16,280 --> 01:06:19,800
Speaker 7: and that's what makes it so difficult to follow. And

1390
01:06:19,840 --> 01:06:24,200
Speaker 7: that's what makes it so difficult to trust the process.

1391
01:06:24,240 --> 01:06:27,840
Speaker 7: Because when America starts talking about security guarantees, are they

1392
01:06:27,880 --> 01:06:30,480
Speaker 7: worth anything or is it just the kind of diplomatic

1393
01:06:30,480 --> 01:06:32,560
Speaker 7: equivalent of a degree from Trump University.

1394
01:06:32,720 --> 01:06:34,320
Speaker 2: A very good point hold on, Nick more in a moment,

1395
01:06:34,400 --> 01:06:35,880
Speaker 2: Nick Bryant, thirteen past eight.

1396
01:06:36,480 --> 01:06:41,120
Speaker 1: The mic asking Breakfast Full Show podcast on iHeartRadio powered

1397
01:06:41,120 --> 01:06:41,840
Speaker 1: by News Talks.

1398
01:06:41,880 --> 01:06:44,840
Speaker 2: It be News Talks will be sixteen past eight tourn

1399
01:06:44,880 --> 01:06:46,800
Speaker 2: Nick Brian Beck with us, let me broaden it out

1400
01:06:46,800 --> 01:06:48,880
Speaker 2: a bit further neck the president, since we've been a

1401
01:06:48,880 --> 01:06:51,960
Speaker 2: while since we've talked the presidency so far, specifically court

1402
01:06:52,000 --> 01:06:55,160
Speaker 2: battles in his ability to sort of do seemingly what

1403
01:06:55,240 --> 01:06:56,920
Speaker 2: he wants. He appears and I know this is a

1404
01:06:56,960 --> 01:06:59,280
Speaker 2: sweeping statement, but he appears to win more in court

1405
01:06:59,320 --> 01:07:02,080
Speaker 2: than he doesn't, so he's allowed to do what he

1406
01:07:02,160 --> 01:07:05,960
Speaker 2: wants to do. Is that a fear assessment? And if

1407
01:07:06,000 --> 01:07:08,240
Speaker 2: it is, is it good presidency.

1408
01:07:09,120 --> 01:07:11,919
Speaker 7: He's not winning every single battle in the Supreme Court,

1409
01:07:12,160 --> 01:07:14,840
Speaker 7: but he is winning many of the key battles in

1410
01:07:14,880 --> 01:07:18,439
Speaker 7: the Supreme Court. There was a ruling earlier, a couple

1411
01:07:18,480 --> 01:07:21,920
Speaker 7: of months ago, which said, for instance, that lower court

1412
01:07:22,000 --> 01:07:26,560
Speaker 7: judges could not sort of block his policies, which was

1413
01:07:26,600 --> 01:07:29,800
Speaker 7: a really big win for Donald Trump. And of course,

1414
01:07:29,800 --> 01:07:33,720
Speaker 7: he got the really big win before he became president,

1415
01:07:33,760 --> 01:07:37,320
Speaker 7: which is when the Supreme Court ruled that he basically

1416
01:07:37,360 --> 01:07:41,040
Speaker 7: had presidential immunity and other presidents did as well, which

1417
01:07:41,400 --> 01:07:47,640
Speaker 7: gave him really not untrammeled pap an awful lot of power. Yeah,

1418
01:07:47,680 --> 01:07:51,000
Speaker 7: and he's using that. I think the Trump Summer, you know,

1419
01:07:51,040 --> 01:07:53,880
Speaker 7: the Trump Northern Summer. We have seen Trump in full.

1420
01:07:54,080 --> 01:07:56,880
Speaker 7: You know, we have seen Trump as the protectionists. We've

1421
01:07:56,920 --> 01:07:59,800
Speaker 7: seen Trump as this kind of you know, and in

1422
01:08:00,080 --> 01:08:02,200
Speaker 7: mention this now, I mean, somebody who I think is

1423
01:08:02,240 --> 01:08:04,240
Speaker 7: more interested in the art of the photo op to

1424
01:08:04,280 --> 01:08:06,480
Speaker 7: be honest, in the art of the deal. But you know,

1425
01:08:06,560 --> 01:08:09,520
Speaker 7: he is intervening in these conflicts partly because he wants

1426
01:08:09,560 --> 01:08:11,120
Speaker 7: to be at the center of the action. I mean,

1427
01:08:11,160 --> 01:08:14,440
Speaker 7: that's kind of you know, this is an attention seeking president,

1428
01:08:14,480 --> 01:08:16,040
Speaker 7: and the way to get attention is to put yourself

1429
01:08:16,040 --> 01:08:18,200
Speaker 7: in the middle of these things. You know, we've seen

1430
01:08:18,240 --> 01:08:23,400
Speaker 7: Trump the kind of authoritarian, putting troops into Los Angeles,

1431
01:08:23,400 --> 01:08:28,479
Speaker 7: putting troops now into Washington, d C. In places where

1432
01:08:28,560 --> 01:08:30,599
Speaker 7: there isn't crime. You know, if you if you're going

1433
01:08:30,640 --> 01:08:32,880
Speaker 7: to start putting troops on the National Mile, the National

1434
01:08:32,920 --> 01:08:35,280
Speaker 7: mil Mike, as you know, is a very safe place

1435
01:08:35,320 --> 01:08:40,559
Speaker 7: in Washington. The places that aren't safe are the places

1436
01:08:40,560 --> 01:08:43,280
Speaker 7: that are not getting troops at the moment. So it's

1437
01:08:43,439 --> 01:08:45,680
Speaker 7: again it seems like a performanceive show of force to

1438
01:08:45,760 --> 01:08:50,719
Speaker 7: underscore his sort of authority, and we're seeing this kind

1439
01:08:50,760 --> 01:08:54,479
Speaker 7: of you know, the protectionist as well, you know, just

1440
01:08:55,320 --> 01:08:58,559
Speaker 7: hammering these these tars against countries. You know, we are,

1441
01:08:59,439 --> 01:09:02,600
Speaker 7: we're But I was in the States recently, Mike, and

1442
01:09:02,960 --> 01:09:06,040
Speaker 7: you know, he's still not a majority president. He has

1443
01:09:06,080 --> 01:09:09,559
Speaker 7: never cracked fifty percent in the Gallup approval ratings. He's

1444
01:09:09,560 --> 01:09:12,200
Speaker 7: the only president in history not to do that since

1445
01:09:12,240 --> 01:09:15,120
Speaker 7: this Poland began in the kind of late nineteen thirties.

1446
01:09:15,160 --> 01:09:17,880
Speaker 7: He didn't get fifty percent in the election. Sure he

1447
01:09:17,920 --> 01:09:19,639
Speaker 7: won the popular vote, but he only got forty nine

1448
01:09:19,640 --> 01:09:21,840
Speaker 7: point nine eight percent. We talk about Trump's America, but

1449
01:09:21,880 --> 01:09:24,160
Speaker 7: it isn't really Trump's America yet. You know, Reagan won

1450
01:09:24,200 --> 01:09:26,439
Speaker 7: forty nine out of fifty states when he ran in

1451
01:09:26,560 --> 01:09:29,080
Speaker 7: nineteen ninety four. You know, George Perbert Walker Bush one

1452
01:09:29,160 --> 01:09:31,400
Speaker 7: forty out of fifty and got more than fifty percent

1453
01:09:31,400 --> 01:09:34,600
Speaker 7: of the vote. Trump's never got that. So, although you know,

1454
01:09:34,680 --> 01:09:38,360
Speaker 7: he's trying to mold America in his image, he hasn't

1455
01:09:38,400 --> 01:09:41,400
Speaker 7: managed to do that yet. And there are signs that

1456
01:09:41,439 --> 01:09:43,960
Speaker 7: the tariffs are starting to buy that inflation is starting

1457
01:09:44,000 --> 01:09:45,840
Speaker 7: to go up. The people are still angry that the

1458
01:09:45,840 --> 01:09:47,880
Speaker 7: price of eggs hasn't come down. You know, we kind

1459
01:09:47,920 --> 01:09:50,559
Speaker 7: of look at Trump as if he's a nipotent he's

1460
01:09:50,600 --> 01:09:54,360
Speaker 7: on the present, but he hasn't dominated America yet in

1461
01:09:54,400 --> 01:09:55,559
Speaker 7: the way that he would have liked.

1462
01:09:55,439 --> 01:09:57,719
Speaker 2: Which brings me on. It was the question is how's

1463
01:09:57,760 --> 01:09:59,640
Speaker 2: he setting them up? His party? There is for the

1464
01:09:59,640 --> 01:10:01,120
Speaker 2: twenties six midterms.

1465
01:10:03,120 --> 01:10:05,200
Speaker 7: Well, I think there's an expectation that, you know, the

1466
01:10:05,200 --> 01:10:07,800
Speaker 7: Republicans will lose the House. I mean, you know, they've

1467
01:10:07,800 --> 01:10:10,800
Speaker 7: got such a narrow majority the House of Representatives which

1468
01:10:10,840 --> 01:10:12,960
Speaker 7: they control right now, to control the Senate as well.

1469
01:10:13,760 --> 01:10:18,040
Speaker 7: You know, incumbent presidents generally suffer losses in the midterm elections,

1470
01:10:18,120 --> 01:10:21,280
Speaker 7: and it would not require many seats to shift hands

1471
01:10:21,320 --> 01:10:23,440
Speaker 7: for the Democrats to be in control. Then the Democrats

1472
01:10:23,439 --> 01:10:27,280
Speaker 7: get oversight, then the Democrats can start launching investigations. I mean,

1473
01:10:27,320 --> 01:10:29,080
Speaker 7: that doesn't give you massive power, but it gives you

1474
01:10:29,160 --> 01:10:31,559
Speaker 7: a certain amount of power to kind of rein him

1475
01:10:31,600 --> 01:10:35,000
Speaker 7: in the Senate. Map is harder for the Democrats than

1476
01:10:35,000 --> 01:10:37,000
Speaker 7: it is for the Republicans, and the Republicans are in

1477
01:10:37,040 --> 01:10:39,680
Speaker 7: control of the Senate right now, so this expectation that

1478
01:10:39,720 --> 01:10:43,000
Speaker 7: he will keep the Senate, the Republicans will keep control

1479
01:10:43,320 --> 01:10:45,679
Speaker 7: of the Senate. But one of the reasons, it's thought

1480
01:10:45,720 --> 01:10:48,519
Speaker 7: that he's pushing so hard and so fast at the moment.

1481
01:10:48,520 --> 01:10:50,839
Speaker 7: I mean, the energy levels of this administration will frankly

1482
01:10:50,960 --> 01:10:52,920
Speaker 7: have surprised me. I didn't think they'd be quite so

1483
01:10:53,040 --> 01:10:56,559
Speaker 7: sort of fast and furious in the early months. You know.

1484
01:10:56,880 --> 01:10:58,439
Speaker 7: One of the reasons why they might be doing that

1485
01:10:58,520 --> 01:11:01,400
Speaker 7: is because they realized that the national situation in Washington

1486
01:11:01,439 --> 01:11:05,759
Speaker 7: won't be as helpful ass now after the midterms. But yeah,

1487
01:11:05,800 --> 01:11:08,280
Speaker 7: a lot, you know, so much depends on the economy,

1488
01:11:08,320 --> 01:11:10,880
Speaker 7: and you know the thing about the tariffs. Yet you

1489
01:11:10,920 --> 01:11:12,680
Speaker 7: know there's a lag effect. They haven't really a lot

1490
01:11:12,680 --> 01:11:14,880
Speaker 7: of them haven't really come in yet. I mean, Trump

1491
01:11:14,960 --> 01:11:17,439
Speaker 7: keeps on saying it's sort of foreign government's paying money

1492
01:11:17,439 --> 01:11:20,880
Speaker 7: into the American exchequer. It's not, it's it's it's US firms,

1493
01:11:20,880 --> 01:11:22,960
Speaker 7: and they're going to start passing that onto US consumers

1494
01:11:23,000 --> 01:11:25,600
Speaker 7: at a moment, and that could really impact its popularity.

1495
01:11:25,720 --> 01:11:28,040
Speaker 2: Exactly. Always a great pleasure, Mike, we'll catch up again soon.

1496
01:11:28,120 --> 01:11:31,599
Speaker 2: Appreciate it as always. Nick Bryant errold might from across

1497
01:11:31,640 --> 01:11:34,120
Speaker 2: the Tasman these days, of course, author of Well when

1498
01:11:34,120 --> 01:11:35,920
Speaker 2: America's Stop being Great. If you haven't read it yet,

1499
01:11:35,960 --> 01:11:38,679
Speaker 2: Into the Forever War. It is eight twenty one.

1500
01:11:38,920 --> 01:11:42,920
Speaker 1: The mic Hosking Breakfast with rainthrow burn, news TODs dead.

1501
01:11:42,720 --> 01:11:45,400
Speaker 2: B Now many of us take the daily supplements to

1502
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Speaker 2: support our health. A key ingredients. You're going to have

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Speaker 2: your fish, oil, you vitamin D, your magnesium. About health.

1504
01:11:50,920 --> 01:11:52,960
Speaker 2: Of course, have got it all covered because they have

1505
01:11:53,000 --> 01:11:55,479
Speaker 2: got these very well researched ingredients. They've created the list

1506
01:11:55,520 --> 01:11:59,000
Speaker 2: of oil Fabulous risby Ultimate, brilliantly, Element twelve. Magnesium got

1507
01:11:59,040 --> 01:12:01,360
Speaker 2: to get a part of that, so that basically simplifies

1508
01:12:01,400 --> 01:12:04,360
Speaker 2: your health journey. They bundle them all together in what

1509
01:12:04,439 --> 01:12:07,559
Speaker 2: they call the Healthy Aging and Deep Sleep Pack. So

1510
01:12:07,680 --> 01:12:09,920
Speaker 2: as the name suggests, that supports everything from your joint,

1511
01:12:09,920 --> 01:12:12,599
Speaker 2: healthier energy, you're immune, health in your sleep. Now you

1512
01:12:12,680 --> 01:12:15,679
Speaker 2: upgrade your supplements today, you will not only save sixty

1513
01:12:15,680 --> 01:12:18,519
Speaker 2: dollars buying them all together, but if you use the

1514
01:12:18,520 --> 01:12:20,760
Speaker 2: code breakfast Breakfast as your code, it's the magic to

1515
01:12:20,880 --> 01:12:22,479
Speaker 2: the savings. You're also going to get a free bottle

1516
01:12:22,479 --> 01:12:24,960
Speaker 2: of Olie Resist. Ollie Resist is fabulous because it's perfect

1517
01:12:25,000 --> 01:12:26,840
Speaker 2: for helping you get through the last of those winter ills.

1518
01:12:26,880 --> 01:12:29,240
Speaker 2: And chills. All new purchases, by the way, go into

1519
01:12:29,280 --> 01:12:31,479
Speaker 2: the drawer to win a winter warmer pack as well,

1520
01:12:32,160 --> 01:12:34,080
Speaker 2: valued at over three hundred dollars. I mean, they can't

1521
01:12:34,120 --> 01:12:36,519
Speaker 2: stop giving your deals. Oh eight hundred, triple nine three

1522
01:12:36,560 --> 01:12:38,880
Speaker 2: h nine. Always read the label, take only as directed.

1523
01:12:38,960 --> 01:12:41,559
Speaker 2: But all of those products in the packs available at

1524
01:12:41,560 --> 01:12:45,040
Speaker 2: about health at dot co dot n Z Hasky forty five.

1525
01:12:45,080 --> 01:12:47,400
Speaker 2: Very please. By the way, there's report out just before

1526
01:12:47,400 --> 01:12:51,640
Speaker 2: we leave Trump. The S and P yesterday basically in

1527
01:12:51,720 --> 01:12:54,480
Speaker 2: simple terms, said the money coming in from the tariffs

1528
01:12:55,280 --> 01:12:57,760
Speaker 2: may well go somewhere. They're held the ratings, so they

1529
01:12:57,800 --> 01:13:00,120
Speaker 2: maintained the double A plus rating on the long term

1530
01:13:00,200 --> 01:13:03,120
Speaker 2: sovereign debt and a A one plus rating on the

1531
01:13:03,120 --> 01:13:06,280
Speaker 2: short term stuff. Anyway, they said, broadly speaking, the money

1532
01:13:06,280 --> 01:13:09,040
Speaker 2: coming in from the tariffs should, in some way, if

1533
01:13:09,080 --> 01:13:11,519
Speaker 2: not completely, go a long way to offsetting the big

1534
01:13:11,560 --> 01:13:14,280
Speaker 2: increase in debt from the Big Beautiful Bill. So the

1535
01:13:14,280 --> 01:13:16,280
Speaker 2: Big Beautiful Bill's got three and a half trillion dollars

1536
01:13:16,280 --> 01:13:18,519
Speaker 2: of extra spending, which is never good because it's all debt.

1537
01:13:19,400 --> 01:13:21,880
Speaker 2: But the money coming in maywell. But that doesn't mean

1538
01:13:21,920 --> 01:13:23,559
Speaker 2: the prices aren't going up and I told you about

1539
01:13:23,560 --> 01:13:26,240
Speaker 2: the PlayStation five. It's only PlayStation five. It's going up

1540
01:13:26,280 --> 01:13:29,320
Speaker 2: fifty bucks, but only in America. Ask yourself why now?

1541
01:13:29,560 --> 01:13:32,880
Speaker 2: Yesterday some common sense returned to the New Zealand political

1542
01:13:32,960 --> 01:13:35,960
Speaker 2: landscape because Marima Davidson's you can repair it for ever

1543
01:13:36,040 --> 01:13:39,000
Speaker 2: bill that hole when you toast a brakes and you

1544
01:13:39,000 --> 01:13:40,400
Speaker 2: don't want to buy a new one, so you take

1545
01:13:40,400 --> 01:13:42,240
Speaker 2: it to Brian who runs a shop on the corner

1546
01:13:42,320 --> 01:13:45,280
Speaker 2: and they'll repair it. Her special bill, which did have

1547
01:13:45,439 --> 01:13:49,000
Speaker 2: support from New Zealand First so Labor backed at greensback

1548
01:13:49,040 --> 01:13:51,000
Speaker 2: to the Murray Party backed at New Zealand First back.

1549
01:13:51,080 --> 01:13:53,120
Speaker 2: That made it, although it had to go off to

1550
01:13:53,160 --> 01:13:55,400
Speaker 2: Select Committee. That meant it was if those numbers help,

1551
01:13:55,400 --> 01:13:58,200
Speaker 2: it was going to be law. And in a simple way,

1552
01:13:58,320 --> 01:14:00,799
Speaker 2: it's sort of made sense in an old fah wouldn't

1553
01:14:00,840 --> 01:14:03,600
Speaker 2: it be nice to repair some stuff once again? But

1554
01:14:03,720 --> 01:14:07,599
Speaker 2: the critical failure that no one seemed to point out

1555
01:14:07,760 --> 01:14:13,800
Speaker 2: was it compelled manufacturers to supply parts now in New

1556
01:14:13,920 --> 01:14:15,840
Speaker 2: Zealand at the bottom of the world, and if you're

1557
01:14:15,880 --> 01:14:18,479
Speaker 2: sitting in the other side of the world in Europe

1558
01:14:18,479 --> 01:14:21,479
Speaker 2: and you're a major user in Italy or Germany or France.

1559
01:14:22,000 --> 01:14:24,280
Speaker 2: You're not supplying little Old New Zealand with parts forever.

1560
01:14:24,320 --> 01:14:26,800
Speaker 2: It doesn't work that way. You make some products rightly

1561
01:14:26,880 --> 01:14:28,800
Speaker 2: or wrongly, and when they fall apart, you throw them

1562
01:14:28,800 --> 01:14:30,680
Speaker 2: out and you buy some new ones. And so she

1563
01:14:30,800 --> 01:14:33,720
Speaker 2: was expecting manufacturers to supply parts forever, and it was

1564
01:14:33,800 --> 01:14:36,840
Speaker 2: never realistic. Obviously New Zealand First woke up to that,

1565
01:14:38,240 --> 01:14:40,120
Speaker 2: and that's before. Of course, it adds cost to the product.

1566
01:14:40,120 --> 01:14:42,320
Speaker 2: They say, are you want to supply parts? No props?

1567
01:14:42,320 --> 01:14:43,840
Speaker 2: So the fifty dollars thing was selling you now one

1568
01:14:43,920 --> 01:14:46,240
Speaker 2: hundred and twenty. So there, so none of it made

1569
01:14:46,280 --> 01:14:48,479
Speaker 2: any sense in the real world. So New Zealand First

1570
01:14:48,479 --> 01:14:51,800
Speaker 2: has pulled their support and that basically is the end

1571
01:14:51,920 --> 01:14:55,400
Speaker 2: of that. The migrant drama continues to unfold in Britain.

1572
01:14:55,680 --> 01:15:00,680
Speaker 1: Rod Next News Opinion and everything in it. We the

1573
01:15:00,880 --> 01:15:04,719
Speaker 1: Mike Hoskin Breakfast with Bailey's real Estate all together better

1574
01:15:04,760 --> 01:15:08,240
Speaker 1: across residential, commercial and rural news, togs Head been and

1575
01:15:08,360 --> 01:15:08,759
Speaker 1: I wish.

1576
01:15:08,680 --> 01:15:11,679
Speaker 2: The flight Center and Tourism New Zealand all the very best.

1577
01:15:11,680 --> 01:15:14,400
Speaker 2: They've announced another one of their campaigns. What I didn't

1578
01:15:14,439 --> 01:15:16,680
Speaker 2: realize and this worries me and I probably need to

1579
01:15:16,720 --> 01:15:19,240
Speaker 2: raise it with the Prime Minister on Monday because I

1580
01:15:19,240 --> 01:15:21,439
Speaker 2: thought something different, but or come to that in the moment. Anyway,

1581
01:15:21,439 --> 01:15:23,760
Speaker 2: Flight Center and Tourism New Zealand they're launching another one

1582
01:15:23,760 --> 01:15:26,799
Speaker 2: of these campaigns for get more people into the country.

1583
01:15:27,120 --> 01:15:29,720
Speaker 2: They're focusing on the shoulder seasons, which is good. They're

1584
01:15:29,720 --> 01:15:32,640
Speaker 2: focusing on four key markets that they've identified as what

1585
01:15:32,720 --> 01:15:35,120
Speaker 2: they call key destinations where they think there might be

1586
01:15:35,160 --> 01:15:37,639
Speaker 2: a bit of room to move Canada, South Africa, Australia

1587
01:15:37,640 --> 01:15:39,280
Speaker 2: and Britain. Makes sense to me as far as it

1588
01:15:39,280 --> 01:15:43,280
Speaker 2: can work out. Involves travel associates, crews about cruise club

1589
01:15:43,320 --> 01:15:46,080
Speaker 2: byo jet, et cetera. So they're going to get out

1590
01:15:46,080 --> 01:15:48,280
Speaker 2: into the world and hopefully drum up a bit of business.

1591
01:15:48,280 --> 01:15:51,759
Speaker 2: Their biggest challenge, and this is interesting, is the Tasman

1592
01:15:52,600 --> 01:15:55,120
Speaker 2: we're only back to ninety percent of pre COVID capacity. Now,

1593
01:15:55,200 --> 01:15:58,479
Speaker 2: I was under the impression that capacity wasn't the problem.

1594
01:15:59,160 --> 01:16:02,280
Speaker 2: Seats were. It's that people went buying the seats and

1595
01:16:02,320 --> 01:16:04,680
Speaker 2: the seats that were buying weren't coming to New Zealand.

1596
01:16:04,920 --> 01:16:07,519
Speaker 2: So they're arguing quantity in New Zealand have added capacity

1597
01:16:07,520 --> 01:16:10,400
Speaker 2: across the testament, but it's still not what it was

1598
01:16:10,600 --> 01:16:13,479
Speaker 2: or what it needs to be. Got similar issues in

1599
01:16:13,520 --> 01:16:15,719
Speaker 2: and out of Asia. Now in New Zealand, their problems

1600
01:16:15,720 --> 01:16:19,280
Speaker 2: are famous, but they're not the only airline. So I

1601
01:16:19,280 --> 01:16:21,920
Speaker 2: didn't realize there was still that capacity problem. So it'll

1602
01:16:21,920 --> 01:16:24,040
Speaker 2: be interesting to know what, if anything, we're actually doing

1603
01:16:24,040 --> 01:16:26,240
Speaker 2: about that. But that's for another day. But as regards

1604
01:16:26,240 --> 01:16:28,639
Speaker 2: the campaign, I hope it works. Twenty two minutes away from.

1605
01:16:28,560 --> 01:16:33,160
Speaker 1: Nine international correspondence with Insieye Insurance peace of mind for

1606
01:16:33,200 --> 01:16:34,080
Speaker 1: New Zealand business.

1607
01:16:34,160 --> 01:16:36,080
Speaker 2: But can we go ron little good morning, good on

1608
01:16:36,320 --> 01:16:38,920
Speaker 2: to you mate. So the ipping decision is this guest

1609
01:16:39,040 --> 01:16:41,160
Speaker 2: going to lead to a long line, a conga line

1610
01:16:41,200 --> 01:16:44,040
Speaker 2: of councils heading for the local judge looking for something similar.

1611
01:16:44,240 --> 01:16:48,960
Speaker 20: That conga has already long begun. Yet that's exactly what's

1612
01:16:49,000 --> 01:16:52,520
Speaker 20: going to happen, and already has happened. I think Telford

1613
01:16:52,600 --> 01:16:56,439
Speaker 20: is the latest, but there's been about twelve fifteen so far.

1614
01:16:57,280 --> 01:16:58,840
Speaker 20: By the end of the week, it will be somewhere

1615
01:16:58,840 --> 01:17:00,439
Speaker 20: in the region of one hundred, I would.

1616
01:17:00,280 --> 01:17:04,000
Speaker 2: Imagine, right, So you get the judges and they go yep,

1617
01:17:04,040 --> 01:17:05,559
Speaker 2: now you've got to move them out of this particular

1618
01:17:05,600 --> 01:17:08,240
Speaker 2: hotel and you move them out too weird.

1619
01:17:08,800 --> 01:17:10,840
Speaker 20: Ah, well, this is a problem and this is going

1620
01:17:10,880 --> 01:17:16,360
Speaker 20: to be a huge problem for labor. Basically, asylum seekers

1621
01:17:16,400 --> 01:17:20,520
Speaker 20: are housed in hotels in areas where rents are very expensive.

1622
01:17:21,080 --> 01:17:24,000
Speaker 20: It's all the southeast into a degree in the southwest.

1623
01:17:25,439 --> 01:17:28,439
Speaker 20: So it's cheaper to keep them in hotels than it

1624
01:17:28,520 --> 01:17:33,360
Speaker 20: is to put them in rented accommodation. So what will happen,

1625
01:17:33,680 --> 01:17:37,640
Speaker 20: you would imagine, is that the asylum seekers will be

1626
01:17:37,680 --> 01:17:41,080
Speaker 20: dispersed to the north and northwest and northeast of the

1627
01:17:41,120 --> 01:17:46,000
Speaker 20: country where they are currently honed in houses with multiple occupants.

1628
01:17:47,000 --> 01:17:51,680
Speaker 20: That will be a huge test for those remaining councils

1629
01:17:51,680 --> 01:17:54,639
Speaker 20: in the north which are run by the Labor Party.

1630
01:17:55,439 --> 01:17:57,320
Speaker 20: Reform monts down for it. So as I say, no,

1631
01:17:57,439 --> 01:18:02,519
Speaker 20: get stuffed with not particularly noted, but Labor if it

1632
01:18:02,680 --> 01:18:05,960
Speaker 20: has to, you know, do what the government says. It's

1633
01:18:06,080 --> 01:18:09,120
Speaker 20: own government. It's going to be taking in lots and

1634
01:18:09,200 --> 01:18:10,520
Speaker 20: lots of asylum secrets.

1635
01:18:10,560 --> 01:18:13,439
Speaker 2: And how does this work? Is this council housing they

1636
01:18:13,439 --> 01:18:15,479
Speaker 2: already are in or do they go into the private sector.

1637
01:18:15,920 --> 01:18:19,040
Speaker 20: Private sector A lots of time, almost entirely, we have

1638
01:18:19,120 --> 01:18:23,519
Speaker 20: a very slim public sector now for rent, which is

1639
01:18:24,040 --> 01:18:26,400
Speaker 20: part of the fault of Margaret's partly the fault of

1640
01:18:26,439 --> 01:18:29,840
Speaker 20: subsequent governments which never invested in it. So there's an

1641
01:18:29,800 --> 01:18:34,720
Speaker 20: awful role in the private rented sector. And you know

1642
01:18:34,880 --> 01:18:37,599
Speaker 20: it's cheaply will be cheaper than hotel, there's no question

1643
01:18:37,680 --> 01:18:40,800
Speaker 20: about that. And the annoying thing for the government of

1644
01:18:41,160 --> 01:18:43,880
Speaker 20: you know, having reporters saying, well, they came down to

1645
01:18:44,439 --> 01:18:47,879
Speaker 20: a full English breakfast or a choice of Continental breakfast,

1646
01:18:47,880 --> 01:18:53,120
Speaker 20: which sadly is true. You know, they they do have this.

1647
01:18:53,200 --> 01:18:56,880
Speaker 20: They also you know, some of them have free gym membership.

1648
01:18:57,640 --> 01:19:04,640
Speaker 20: It's stretches of credulity. It infuriates the public, so they

1649
01:19:04,680 --> 01:19:08,080
Speaker 20: won't be doing that. But goodness me, already in my

1650
01:19:08,320 --> 01:19:12,320
Speaker 20: hometown of Middlesbrough there's been a huge influx of asylum,

1651
01:19:12,320 --> 01:19:14,880
Speaker 20: see because we have some of the cheapest housing in

1652
01:19:14,920 --> 01:19:17,800
Speaker 20: the country and that's only going to get worse and

1653
01:19:17,920 --> 01:19:19,960
Speaker 20: people really won't like it.

1654
01:19:20,000 --> 01:19:23,160
Speaker 2: Is there any attraction to be gained by the possibility

1655
01:19:23,200 --> 01:19:25,680
Speaker 2: that you process these people a great deal faster than

1656
01:19:25,680 --> 01:19:28,120
Speaker 2: me before. They don't stay in accommodation as long as

1657
01:19:28,120 --> 01:19:29,400
Speaker 2: they might otherwise.

1658
01:19:29,000 --> 01:19:31,160
Speaker 20: Be well you might think so, or it might be

1659
01:19:31,200 --> 01:19:34,560
Speaker 20: an easier thing to do, which is simply to say, henceforth,

1660
01:19:34,720 --> 01:19:40,120
Speaker 20: nobody who comes into this country illegally, they immediately forfeit

1661
01:19:40,160 --> 01:19:43,360
Speaker 20: their right to stay in the country because they've come illegally.

1662
01:19:44,160 --> 01:19:46,360
Speaker 20: If they were able to take some sort of decision

1663
01:19:46,479 --> 01:19:48,919
Speaker 20: like that, it might actually prove to be a deterran

1664
01:19:50,520 --> 01:19:53,960
Speaker 20: But no, I mean, in a sense having them in

1665
01:19:54,439 --> 01:19:57,880
Speaker 20: homes of multiple occupancy, it probably means they're there for

1666
01:19:58,000 --> 01:19:59,799
Speaker 20: longer than if they were in a hotel.

1667
01:20:00,080 --> 01:20:02,639
Speaker 2: Unreal. I take it the one in, one out things

1668
01:20:02,680 --> 01:20:05,320
Speaker 2: not really making a huge dnt in the problem.

1669
01:20:05,680 --> 01:20:08,759
Speaker 20: Well, you know, fifty thousand have come in since Labor

1670
01:20:08,800 --> 01:20:12,400
Speaker 20: took office. This is expected to deal with thirty or forty.

1671
01:20:12,520 --> 01:20:19,280
Speaker 20: I mean, it's it's it's performative mke. You know, it's

1672
01:20:19,439 --> 01:20:20,400
Speaker 20: it's pointless.

1673
01:20:20,439 --> 01:20:23,040
Speaker 2: What's gone wrong with your inflation?

1674
01:20:23,200 --> 01:20:23,400
Speaker 7: Right?

1675
01:20:23,439 --> 01:20:26,600
Speaker 2: Because I think many of us, including us will broadly

1676
01:20:26,680 --> 01:20:29,439
Speaker 2: have things right. But I mean your number other night,

1677
01:20:29,520 --> 01:20:30,400
Speaker 2: I mean that's hopeless.

1678
01:20:30,600 --> 01:20:33,000
Speaker 20: It is hopeless, and it's been edging that way. I

1679
01:20:33,000 --> 01:20:35,240
Speaker 20: think it was three point six last month or three

1680
01:20:35,240 --> 01:20:37,920
Speaker 20: point four I forget, which it's been edging up all

1681
01:20:37,920 --> 01:20:42,400
Speaker 20: this year. Whereas after you know, se next government. We

1682
01:20:42,400 --> 01:20:46,640
Speaker 20: were down to the early two point three two point fours.

1683
01:20:46,680 --> 01:20:50,240
Speaker 20: Now at three point eight. It's a real problem. There's

1684
01:20:50,240 --> 01:20:55,160
Speaker 20: an argument that it's been caused, particularly by airfares, inflated airfares,

1685
01:20:55,960 --> 01:20:58,760
Speaker 20: but you know, there's always something to cause it, and

1686
01:20:58,800 --> 01:21:01,920
Speaker 20: there's always something which possibly drag it back down. The

1687
01:21:02,000 --> 01:21:05,840
Speaker 20: truth is that food is still getting more expensive, so

1688
01:21:05,880 --> 01:21:09,920
Speaker 20: we're going to have another you know, credit crisis of

1689
01:21:10,040 --> 01:21:12,559
Speaker 20: people and cash crisis that people just not being able

1690
01:21:12,600 --> 01:21:15,960
Speaker 20: to fall to eat. It means that interest rates won't

1691
01:21:16,040 --> 01:21:20,120
Speaker 20: go down. So it's a terrible problem for Reeves and

1692
01:21:20,439 --> 01:21:23,320
Speaker 20: Rachel Reeves to Chalsor, and it remains if you see

1693
01:21:23,320 --> 01:21:25,599
Speaker 20: what she'll do about it, I wouldn't like to guess, mate.

1694
01:21:25,640 --> 01:21:27,800
Speaker 20: I think she's on mes amthetamine at the moments of

1695
01:21:27,920 --> 01:21:29,080
Speaker 20: Gold knows which is going to do.

1696
01:21:29,200 --> 01:21:32,479
Speaker 2: Appreciate it rod little out of Britain back on Tuesday.

1697
01:21:32,479 --> 01:21:35,240
Speaker 2: By the way, the the States Department, the National Statistics

1698
01:21:35,320 --> 01:21:39,439
Speaker 2: Office of publication of the latest monthly retail figures have

1699
01:21:39,479 --> 01:21:41,880
Speaker 2: been rescheduled because they have datas. They've looked at the

1700
01:21:41,960 --> 01:21:44,040
Speaker 2: data and they thought, hold on, these numbers don't look good.

1701
01:21:44,040 --> 01:21:46,160
Speaker 2: They probably saw that woman sect in America and thought,

1702
01:21:46,160 --> 01:21:48,639
Speaker 2: hang on, we a bit of double check there, Rachel reeves.

1703
01:21:48,720 --> 01:21:52,320
Speaker 2: If you wanted ticket to oblivion politically, here's where she's going.

1704
01:21:52,320 --> 01:21:54,160
Speaker 2: And I don't think she sees it coming. And this

1705
01:21:54,240 --> 01:21:56,639
Speaker 2: is applicable here because of the capital gains tax slash

1706
01:21:56,640 --> 01:21:58,559
Speaker 2: wealth text that labor are going to run with in

1707
01:21:58,600 --> 01:22:03,519
Speaker 2: the election near Nick year. She's drawing up plans so

1708
01:22:03,520 --> 01:22:05,639
Speaker 2: that you pay a tax when you sell the family home.

1709
01:22:06,520 --> 01:22:09,280
Speaker 2: And if you think if a government thinks that taxing

1710
01:22:09,280 --> 01:22:12,320
Speaker 2: a family home is going to get them a vote,

1711
01:22:12,439 --> 01:22:16,000
Speaker 2: they have got something else coming. So they're looking to

1712
01:22:16,120 --> 01:22:19,599
Speaker 2: end the exemption from the capital gains tax when owners

1713
01:22:19,680 --> 01:22:23,519
Speaker 2: of higher value properties sell out. So the higher rate

1714
01:22:24,320 --> 01:22:27,120
Speaker 2: would be twenty four percent of the value of any gain,

1715
01:22:28,320 --> 01:22:31,360
Speaker 2: while those on a basic rate of income would pay

1716
01:22:31,439 --> 01:22:33,920
Speaker 2: eighteen percent. So they're going to whack everyone. So whatever

1717
01:22:33,960 --> 01:22:36,160
Speaker 2: you make on your house, if you make one hundred

1718
01:22:36,240 --> 01:22:40,240
Speaker 2: thousand pounds, if you're wealthy so called, are you paying

1719
01:22:40,240 --> 01:22:44,559
Speaker 2: twenty four percent of that or eighteen percent to the government.

1720
01:22:44,760 --> 01:22:46,840
Speaker 2: That's your family home. It's not your back's not your

1721
01:22:46,880 --> 01:22:49,439
Speaker 2: third home, it's not your investment property. It's your family home.

1722
01:22:49,560 --> 01:22:51,760
Speaker 2: Eight forty five, the.

1723
01:22:51,840 --> 01:22:56,240
Speaker 1: High Asking Breakfast Full Show podcast on iHeartRadio powered by

1724
01:22:56,320 --> 01:22:56,840
Speaker 1: News Talks.

1725
01:22:56,840 --> 01:22:59,599
Speaker 2: That'd be by the way this time you stay. We're

1726
01:22:59,600 --> 01:23:03,160
Speaker 2: talking with Steve about the Indies. Which is this weird

1727
01:23:03,200 --> 01:23:06,400
Speaker 2: insurance scheme they've got in Australia, the disability Anyway, it's

1728
01:23:06,400 --> 01:23:09,759
Speaker 2: all got hopelessly out of control, forty seven billion dollar scheme.

1729
01:23:10,680 --> 01:23:13,919
Speaker 2: Tens of thousands of young Australians are being diagnosed with autism,

1730
01:23:13,960 --> 01:23:16,760
Speaker 2: they get plans and money and the whole thing's just

1731
01:23:16,920 --> 01:23:19,839
Speaker 2: a mess. So anyway, the guy Mark Butler, who's the Minister,

1732
01:23:20,320 --> 01:23:23,040
Speaker 2: came out yesterday said a key concern was the extremely

1733
01:23:23,080 --> 01:23:25,599
Speaker 2: high level of therapy being provided to children on the scheme.

1734
01:23:25,640 --> 01:23:30,000
Speaker 2: Listen to how this works. They're missing milestones. He's arguing.

1735
01:23:30,040 --> 01:23:33,400
Speaker 2: These kids, they're not messed helped by receiving a budget

1736
01:23:33,400 --> 01:23:36,479
Speaker 2: of ten, twenty or thirty thousand dollars and then being

1737
01:23:36,520 --> 01:23:38,519
Speaker 2: expected to work out for themselves how to spend it.

1738
01:23:39,360 --> 01:23:41,479
Speaker 2: I didn't realize it worked that way. So your kid

1739
01:23:41,520 --> 01:23:44,519
Speaker 2: gets diagnosed with autism, you go along to the n dies,

1740
01:23:44,560 --> 01:23:46,240
Speaker 2: they hand your check for thirty thousand dollars and say

1741
01:23:46,320 --> 01:23:47,519
Speaker 2: go have fun. I mean, what the hell are you

1742
01:23:47,560 --> 01:23:51,080
Speaker 2: supposed to do with that. The extent of therapy provided

1743
01:23:51,120 --> 01:23:53,639
Speaker 2: to those children now in the system is extremely high

1744
01:23:53,840 --> 01:23:55,880
Speaker 2: compared to anything you would see in the health system

1745
01:23:55,920 --> 01:23:59,880
Speaker 2: on average, just an average, he says, a young NDIS

1746
01:24:00,040 --> 01:24:03,719
Speaker 2: participant with moderate needs is receiving more than seventy therapy

1747
01:24:03,840 --> 01:24:08,080
Speaker 2: sessions a year. That's an excess of one a week

1748
01:24:09,439 --> 01:24:12,280
Speaker 2: paid for by the state. Is At the National Press

1749
01:24:12,280 --> 01:24:16,120
Speaker 2: Club yesterday, he said, bringing growth under controllers therefore not

1750
01:24:16,160 --> 01:24:21,000
Speaker 2: just a question to budgets. Social license is also particularly

1751
01:24:21,040 --> 01:24:23,840
Speaker 2: important to such a scheme, and right now although the

1752
01:24:23,880 --> 01:24:26,000
Speaker 2: license is strong, and I do worry that it's coming

1753
01:24:26,120 --> 01:24:29,920
Speaker 2: under pressure, no kidding. Other thing that didn't seem to

1754
01:24:29,960 --> 01:24:33,120
Speaker 2: get much cabbage yesterday that I'm surprised about because I'm

1755
01:24:33,120 --> 01:24:36,519
Speaker 2: interested as to where it goes. Legally, they signed off

1756
01:24:36,560 --> 01:24:40,680
Speaker 2: Cabinet on the killing of the greyhound industry thirty one

1757
01:24:40,760 --> 01:24:44,120
Speaker 2: July next year. So having ticked that off at cabinet,

1758
01:24:44,120 --> 01:24:46,680
Speaker 2: a bill's not going to be drafted. This brings in

1759
01:24:46,720 --> 01:24:49,640
Speaker 2: the tab who will manage the rehoming of the greyhounds

1760
01:24:49,680 --> 01:24:52,360
Speaker 2: and supporting the industry members while the sport's wound down.

1761
01:24:52,560 --> 01:24:55,240
Speaker 2: How much of that, I mean, how confident are you

1762
01:24:56,720 --> 01:25:00,320
Speaker 2: that Reggie and Betty and Booboo and all the other

1763
01:25:00,400 --> 01:25:04,200
Speaker 2: dogs are going to go to How honestly, how confident

1764
01:25:04,240 --> 01:25:05,920
Speaker 2: are you that they're all going off for a nice,

1765
01:25:06,040 --> 01:25:09,400
Speaker 2: happy life. But as we told you on the program,

1766
01:25:09,439 --> 01:25:11,840
Speaker 2: the greyhound industry are off to court, so it'll be

1767
01:25:11,880 --> 01:25:14,479
Speaker 2: interesting to see where that goes. Ten to nine The.

1768
01:25:14,600 --> 01:25:18,400
Speaker 1: Mike Hosking Breakfast with Bailey's Real Estate News dog ZV.

1769
01:25:18,760 --> 01:25:20,719
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1770
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1771
01:25:23,560 --> 01:25:26,479
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1772
01:25:26,520 --> 01:25:29,759
Speaker 2: Cadbrey trytime dot co dot z upload your till receipt.

1773
01:25:29,760 --> 01:25:32,679
Speaker 2: Before kickoff, you'll receive a randomly allocated all black jersey

1774
01:25:32,720 --> 01:25:35,280
Speaker 2: number one to twenty three. Then you just wait and

1775
01:25:35,280 --> 01:25:37,840
Speaker 2: see that particular jersey number scores the first try in

1776
01:25:37,920 --> 01:25:40,280
Speaker 2: the upcoming game. If your jersey number does score that

1777
01:25:40,360 --> 01:25:43,960
Speaker 2: first try, you win a share of fifty thousand dollars.

1778
01:25:44,280 --> 01:25:46,439
Speaker 2: Now your jersey number is only valid by the way,

1779
01:25:46,439 --> 01:25:48,519
Speaker 2: for the upcoming game. You can enter once per day

1780
01:25:48,560 --> 01:25:51,759
Speaker 2: per receipt, and for all the deeps the teas and seas.

1781
01:25:52,080 --> 01:25:54,559
Speaker 2: Cadburytrytime dot co dot inz is where you're heading. See,

1782
01:25:54,560 --> 01:25:55,840
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1783
01:25:55,880 --> 01:25:59,599
Speaker 2: win with Cadbury Trytime. You grab any Cadbury confectionery product today.

1784
01:25:59,680 --> 01:26:02,240
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1785
01:26:02,320 --> 01:26:07,240
Speaker 2: open to New Zealand residents aged eighteen and over. Lasky

1786
01:26:07,400 --> 01:26:09,920
Speaker 2: Michael Shiver goes through the boomer listeners. Imagine now that

1787
01:26:09,960 --> 01:26:12,080
Speaker 2: the UK going that way, New Zealand could follow. Well

1788
01:26:12,080 --> 01:26:13,639
Speaker 2: that's what you're going to be dealing with next year.

1789
01:26:13,640 --> 01:26:15,240
Speaker 2: That's going to be the great debate for election year.

1790
01:26:15,280 --> 01:26:17,439
Speaker 2: What sort of tax at capital gains, taxes at wealth,

1791
01:26:17,479 --> 01:26:22,920
Speaker 2: taxes at both? From the Labor Party, my idea is

1792
01:26:22,920 --> 01:26:26,880
Speaker 2: to bring back stamp duty. See it's a bad idea,

1793
01:26:26,920 --> 01:26:28,599
Speaker 2: and I'll tell you why it's a bad idea because

1794
01:26:28,600 --> 01:26:30,200
Speaker 2: I was reading an article and I don't have time

1795
01:26:30,200 --> 01:26:31,519
Speaker 2: to do it now, so I'll do it tomorrow. But

1796
01:26:31,560 --> 01:26:33,679
Speaker 2: I was reading an article yesterday or the day before.

1797
01:26:34,520 --> 01:26:38,719
Speaker 2: The impingement of the stamp duty, the amount you pay

1798
01:26:38,760 --> 01:26:43,320
Speaker 2: in how it affects you in Australia is ruinous. So

1799
01:26:43,400 --> 01:26:46,760
Speaker 2: the original idea, you could go, oh, yeah, I sort

1800
01:26:46,760 --> 01:26:49,280
Speaker 2: of understand. I mean, all taxes bad, let's be honest.

1801
01:26:49,320 --> 01:26:52,320
Speaker 2: But the stamp duty made an element of sense. But

1802
01:26:52,640 --> 01:26:55,400
Speaker 2: it's ruined the opportunity for many people in Australia to

1803
01:26:55,439 --> 01:26:59,280
Speaker 2: buy a house because it's tied up with their house.

1804
01:26:59,400 --> 01:27:01,679
Speaker 2: It's very common. They've also made it very complicated and straight.

1805
01:27:01,680 --> 01:27:03,040
Speaker 2: It's tied up with the valduy of the house, what

1806
01:27:03,120 --> 01:27:04,760
Speaker 2: you earn, et cetera, et cetera, and how much you

1807
01:27:04,800 --> 01:27:07,439
Speaker 2: sell it for. But I just think of old Christian

1808
01:27:07,439 --> 01:27:10,120
Speaker 2: hawksby this morning, back to the New Zealand economy. Kitchen

1809
01:27:10,160 --> 01:27:14,640
Speaker 2: Things yesterday, that's them done, receivership, twelve stores, lots of

1810
01:27:14,720 --> 01:27:17,120
Speaker 2: jobs gone are they're looking for somebody to buy it.

1811
01:27:17,200 --> 01:27:20,080
Speaker 2: They hope somebody can buy it. But every day there's

1812
01:27:20,080 --> 01:27:22,799
Speaker 2: a company that's getting as the Palmerston North Cafe earlier

1813
01:27:22,800 --> 01:27:27,720
Speaker 2: on this week Kitchen Things yesterday. Christian doesn't see any

1814
01:27:27,760 --> 01:27:31,360
Speaker 2: of it. Don't worry, it'll all flow through eventually. Five

1815
01:27:31,400 --> 01:27:32,599
Speaker 2: minutes away from nine.

1816
01:27:32,960 --> 01:27:38,320
Speaker 1: Trending now with Chemist Warehouse, great savings every day.

1817
01:27:38,320 --> 01:27:45,400
Speaker 2: Netflix, where do we go? Two brothers, they're on the run.

1818
01:27:45,479 --> 01:27:46,720
Speaker 2: Seems to be a lot of that. We've done a

1819
01:27:46,760 --> 01:27:48,840
Speaker 2: lot of that lately. People on the run. There's a

1820
01:27:48,840 --> 01:27:49,840
Speaker 2: lot of people. Immediate thought.

1821
01:27:49,880 --> 01:27:52,479
Speaker 16: As I was cutting this together, this audio, I thought,

1822
01:27:52,479 --> 01:27:54,320
Speaker 16: I'm pretty sure i've seen this film about.

1823
01:27:54,200 --> 01:27:57,519
Speaker 2: Yet another some people on the run. Okay, so they're

1824
01:27:57,560 --> 01:27:59,040
Speaker 2: on the run. What are they on the run from?

1825
01:27:59,240 --> 01:27:59,760
Speaker 14: Oh?

1826
01:28:00,320 --> 01:28:01,679
Speaker 2: Some dangerous loan shots?

1827
01:28:01,800 --> 01:28:02,000
Speaker 15: Yeah?

1828
01:28:02,040 --> 01:28:04,880
Speaker 2: Yeah, maybe maybe twelve times before here we go sent.

1829
01:28:04,800 --> 01:28:06,400
Speaker 7: To my face, she's squaredd.

1830
01:28:07,520 --> 01:28:09,200
Speaker 14: I thought I could pay these guys back at a

1831
01:28:09,280 --> 01:28:09,760
Speaker 14: sure thing.

1832
01:28:12,040 --> 01:28:12,920
Speaker 7: How much do you owe them?

1833
01:28:13,000 --> 01:28:13,280
Speaker 2: Things?

1834
01:28:13,960 --> 01:28:17,320
Speaker 7: Big number? What do you think happens you.

1835
01:28:17,240 --> 01:28:21,120
Speaker 14: Don't pay back alone for three years, everything's falling apart.

1836
01:28:21,360 --> 01:28:24,920
Speaker 14: My family in the restaurant. I'm holding on by the

1837
01:28:24,920 --> 01:28:30,479
Speaker 14: skin of my teeth. I didn't budget for you.

1838
01:28:30,479 --> 01:28:32,080
Speaker 7: Your brother has a real problem.

1839
01:28:32,400 --> 01:28:35,120
Speaker 14: You understand what this all means, right, It means it's

1840
01:28:35,439 --> 01:28:38,240
Speaker 14: on me twenty grand a week until we're square.

1841
01:28:38,520 --> 01:28:41,519
Speaker 8: But if you're late one single day, that's it.

1842
01:28:41,840 --> 01:28:45,920
Speaker 14: The restaurant, it's ours. If we're gonna be lying to

1843
01:28:45,960 --> 01:28:49,080
Speaker 14: everybody else, we need to be honest with each other.

1844
01:28:49,160 --> 01:28:53,839
Speaker 2: Jake, Right, So it says here, did you pick the voices?

1845
01:28:54,439 --> 01:28:54,479
Speaker 15: No?

1846
01:28:54,600 --> 01:28:57,360
Speaker 2: I didn't. I did one because one's very obvious. The

1847
01:28:57,439 --> 01:29:00,760
Speaker 2: other one isn't Jude Law was not obvious. Bateman is

1848
01:29:00,840 --> 01:29:04,360
Speaker 2: obviously Jason. What was the movie where Jason Bateman? Was

1849
01:29:04,400 --> 01:29:06,600
Speaker 2: it Melissa McCarthy. He was chasing her or she was

1850
01:29:06,680 --> 01:29:09,439
Speaker 2: chasing him because he owed money or she owed money,

1851
01:29:09,479 --> 01:29:11,280
Speaker 2: whatever it was called, it was a very good movie.

1852
01:29:11,280 --> 01:29:13,760
Speaker 16: Well, and then of course you've got the whole Ozak.

1853
01:29:13,439 --> 01:29:18,920
Speaker 2: Thing where he ose money and chasing his money and yeah,

1854
01:29:18,520 --> 01:29:23,559
Speaker 2: and who a dentity thief was? To all Jason Bateman does,

1855
01:29:23,600 --> 01:29:26,080
Speaker 2: apart from hanging out with Jennifer Instant going on holiday

1856
01:29:26,120 --> 01:29:29,920
Speaker 2: together on yachts, is make movies about being on the run.

1857
01:29:31,240 --> 01:29:33,639
Speaker 2: Mind you, Hugh Grant made movies about being Hugh Grant,

1858
01:29:33,640 --> 01:29:37,800
Speaker 2: didn't he? So that works if it works Netflix, September

1859
01:29:37,880 --> 01:29:40,479
Speaker 2: the eighteenth is what we're doing with it. I'll be

1860
01:29:40,479 --> 01:29:43,240
Speaker 2: watching it. This sort of thing. I like back Tomorrow morning,

1861
01:29:43,240 --> 01:29:46,680
Speaker 2: Friday's edition to The mic Asking Breakfast. Always completely out

1862
01:29:46,680 --> 01:29:50,200
Speaker 2: of control and loving it as always Happy days.

1863
01:29:52,000 --> 01:29:54,920
Speaker 1: For more from The mic Asking Breakfast, listen live to

1864
01:29:55,040 --> 01:29:58,080
Speaker 1: news talks it'd be from six am weekdays, or follow

1865
01:29:58,120 --> 01:29:59,640
Speaker 1: the podcast on iHeartRadio.