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Speaker 1: You're trusted home for News, sport, Entertainment, opinion and Mike

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Speaker 1: the my Casking Breakfast with Ranger of a Sport, sv

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Speaker 1: The Ultimate Performance, SUV News, Toms ed V Welling.

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Speaker 2: You're welcome today. The banks are lining up the new

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Speaker 2: reads for our post war economy. Some trouble as Labour

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Speaker 2: indicates that they're not keen on the India Free Trade deal,

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Speaker 2: Shane Jones on the oil deals, Catherine Field and France,

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Speaker 2: londonl in the Ukas Pasky Welcome to the day. Seven

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Speaker 2: past six. Anthony Albanesi reminded all australiansees of the Labour

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Speaker 2: left yesterday by endorsing free public transport even though it's

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Speaker 2: not his decision to endorse, and by announcing cuts to

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Speaker 2: fuel tax for three months. He also wanted more clarity

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Speaker 2: around war goals from the US President, well in part

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Speaker 2: he might have got them. Trump talked to the Financial Times.

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Speaker 2: He said, I thought, unhelpfully they might take carg Island.

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Speaker 2: They might not. That is the troops on the ground scenario.

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Speaker 2: People keep talking about. It's got a Venezuela vibe about it.

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Speaker 2: But Iran, of course is not Venezuela and Iran is

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Speaker 2: not about grabbing the leader, installing the deba and collecting

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Speaker 2: the oil and sending it to Houston, or is it

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Speaker 2: is it possible they've killed enough of the old regime.

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Speaker 2: Trump claimed the so called new leader's gone. His words,

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Speaker 2: not mine. We certainly haven't heard from them or even

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Speaker 2: seen them. The exiled Prince Pilarbi over the weekend told conservatives,

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Speaker 2: when the time is right, he will give the word

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Speaker 2: on the uprising. So could the Americans grab the oil

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Speaker 2: and still the prince get us seas fire in its

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Speaker 2: high fives all round? The administration keep insisting this is

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Speaker 2: four to six weeks. They have not adjusted that. They

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Speaker 2: have not walked it back. Ask yourself why Trump has

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Speaker 2: the China meetings set, He has the World capin event

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Speaker 2: you don't want to host in the middle of a war.

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Speaker 2: What he did say to the ft specifically to help Albanezi,

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Speaker 2: is they have about three thousand targets left. So far

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Speaker 2: they've got thirteen thousand, So once again, do the math.

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Speaker 2: Thirteen thousand and four weeks is about three thousand a week,

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Speaker 2: so two more weeks should do it. Also, you can't

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Speaker 2: forget the markets. They're bleeding. The cell offers on interest

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Speaker 2: rates are up, Recession fears arising, the poles are tanking.

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Speaker 2: The world is a combination of fearful and angry Americans

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Speaker 2: will punish all of this in November. If it isn't

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Speaker 2: a distant victorious memory. None of this ever has been lost,

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Speaker 2: of course on the administration. Look also to the Israelis.

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Speaker 2: It's like that hit the turbo button on Lebanon. It's

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Speaker 2: all on why because they've been given the word time

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Speaker 2: is fast coming to an end. There is I think

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Speaker 2: enough there to still draw a reasonably confident conclusion that

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Speaker 2: roughly this is going to a plan. The plan within

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Speaker 2: a margin, was always four to six weeks. At times

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Speaker 2: it's looked a bit wobbly, and indeed overnight the outburst

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Speaker 2: yet again about blowing up oil indicates trouble. You can

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Speaker 2: only threaten to do the same thing over and over

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Speaker 2: again before it no longer gets taken seriously. But for those,

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Speaker 2: and there are quite a few desperate to paint this

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Speaker 2: as some sort of wayward mess, I would still argue

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Speaker 2: they will be proven wrong.

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Speaker 1: Why news of the world in ninety seconds now oil.

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Speaker 2: Is down to one hundred and twelve, I say, down

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Speaker 2: at one hundred and fifteen, which gives you a sense

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Speaker 2: the market isn't buying the Trump threat rama.

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Speaker 3: If a whole moons straight is not immediately open for business,

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Speaker 3: we will conclude our lovely stay in Iran by blowing

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Speaker 3: up and completely obliterating all of their electric generating plants,

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Speaker 3: oil wells and cag Island.

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Speaker 2: Little Marco's out on the it's all going to plan duty.

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Speaker 4: What this is about is the destruction of their air force,

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Speaker 4: which has been largely achieved, the destruction of their navy,

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Speaker 4: which has been largely achieved, the destruction of their factories

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Speaker 4: that they make all these weapons. All of those objectives

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Speaker 4: are being met ahead honor, ahead of schedule.

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Speaker 2: A lot of talk on KG and troops could be tricky.

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Speaker 3: You still have the threat of drones, You still have

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Speaker 3: the threat.

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Speaker 5: Of missiles from Iran.

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Speaker 3: If you're going by sea, the sea mines of course

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Speaker 3: could be such a threat in the straight offemos.

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Speaker 2: Yes, Israel, as I mentioned, seemed to be on some

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Speaker 2: sort of Libanies bulletz.

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Speaker 6: We are in a multi arena campaign in Lebanon. I

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Speaker 6: have now instructed to further expand the existing security zone

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Speaker 6: in order to finally thwart the threat of invasion there

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Speaker 6: in Britain.

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Speaker 2: Torits look at the pump price and I look to

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Speaker 2: land a few bloods.

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Speaker 7: We need to make sure that we have a sustainable

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Speaker 7: policy that is well thought through, not just something from

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Speaker 7: me twenty years ago that doesn't work for the situation

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Speaker 7: we are in today.

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Speaker 2: Meantime, the Prime Minister trying as hard as to focus

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Speaker 2: on the local elections in May as he launches Labour's campaign.

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Speaker 8: I'm being absolutely clear that we're not getting tracked into

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Speaker 8: that more. We will have forced defend ourselves, our allies,

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Speaker 8: and that we do know that the cost of living

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Speaker 8: is the issue that people worry about most.

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Speaker 2: Finally, another Italian job, this time in Palma. Three men

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Speaker 2: in and out with a Renoir, a Sazan and a Matisse.

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Speaker 2: Three minutes they forced the front door, out the back

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Speaker 2: through the garden. Seventeen and a half million dollars worth

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Speaker 2: a cultural heritage. Unius is making enquiries. It's news the

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Speaker 2: world and in fact, in half the time it took

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Speaker 2: to Nick three points. Well, what can I tell you?

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Speaker 2: Spain they closed their airspace to US planes involved in

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Speaker 2: attacks on Iran. Aluminium prices are worried this morning because

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Speaker 2: a couple of the gold's largest producers came under fire.

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Speaker 2: Didn't get hit, but they came under five at luminiums

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Speaker 2: up to a four year high price wise, and sentiment

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Speaker 2: in Europe as duer. Consumer confidence has plummeted. What can

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Speaker 2: Italia preliminary data in the EU it's down one point

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Speaker 2: five to ninety six, and the euro Era it's down

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Speaker 2: one point six to ninety six. It's the usual thing.

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Speaker 2: Anything below one hundred is pessimism. Twelve minutes past six, the.

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Speaker 1: Mic asking Breakfast Full Show podcast on iHeartRadio call it

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Speaker 1: by News Talk Zippy.

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Speaker 2: Yeah, what else can I tell you? In the their

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Speaker 2: growth forecast, they were saying seven point four percent for

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Speaker 2: GDP considerable downside. Trade deficit will rise significantly, so they're

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Speaker 2: not happy. The good news, if you want some good news,

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Speaker 2: that Russian oil tank has finally arrived in Cuba. Trump's

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Speaker 2: relented bit of a taco trade one hundred thousand tons

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Speaker 2: of crude. The lights will be back on for a

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Speaker 2: while anyway. Fifteen pass right from Sure and Partners. Andrew

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Speaker 2: Keller Hurt, Good morning.

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Speaker 9: Very very good morning, Mike.

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Speaker 2: So we'll come to the oil in the moment. But

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Speaker 2: let's talk about jobs we did. In fact, overall the

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Speaker 2: headlines were all about the construction jobs we lost, but

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Speaker 2: overall we've actually provided more jobs slightly.

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Speaker 7: Yes, So so we're bidding farewell to March now, aren't

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Speaker 7: we about the conflictenst of going and we will now

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Speaker 7: I think start to see some impacts on our New

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Speaker 7: Zealand data, probably sentiment related sort of initially, But yesterday

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Speaker 7: Stats to New Zealand released what I called the monthly

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Speaker 7: Employment Indicators.

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Speaker 9: Is with month February.

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Speaker 7: This is data from in the revenue filings and the

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Speaker 7: number of PHIL jobs did lift in February, so seasonally

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Speaker 7: just died zero point three percent. So in real numbers,

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Speaker 7: that's seven one hundred and sixty four jobs and the

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Speaker 7: total number of PHIL jobs now sitting at two point

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Speaker 7: three five million across the country. You've got a note

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Speaker 7: about this data though, this number will get revised as

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Speaker 7: Inland revenue tends to receive, you know, a lot of

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Speaker 7: data a little bit late, so it gets revised. In fact,

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Speaker 7: the January number was revised lower. We're seeing hiring into

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Speaker 7: government funded services. They're holding up primary industries holding up look,

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Speaker 7: Mike We sort of trolled through these numbers yesterday and

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Speaker 7: they have been put forward as one sign that the

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Speaker 7: economy is improving. And I have to say, if you're

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Speaker 7: a sort of glass half full mindset, you could say

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Speaker 7: that the data is trending up, But what you're actually

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Speaker 7: seeing is on a year on year basis, the field

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Speaker 7: jobs isn't falling anymore. So I think stabilizing is a

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Speaker 7: better representation. The upward trend isn't exactly compelling, So I

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Speaker 7: really hope you aren't kidding ourselves here.

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Speaker 9: It does go without.

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Speaker 7: Saying that sort of in February, we're cruising towards that

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Speaker 7: anticipated economic recovery until the Trump administration decided to take.

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Speaker 9: Military action against their own in republic, and you've.

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Speaker 7: Got the subsequent hiking fuel prices, geopolitical instability which will

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Speaker 7: undoubtedly hit our short term confidence. So this you could

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Speaker 7: see a hack up in these numbers over the next

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Speaker 7: couple of months. These risks are material, they're president and

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Speaker 7: growth of preson inflation. So potentially I sort of have

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Speaker 7: to put the warning out there right now we might

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Speaker 7: not see the unemployment rate fall or recover quite as

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Speaker 7: quickly as we had.

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Speaker 2: Hoped okay, oil talk to me. It was up, but

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Speaker 2: it's down a smooth if you want to be once again,

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Speaker 2: glass r full exactly.

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Speaker 7: So here another week, another weekend of headlines and developments

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Speaker 7: in the middle so global market. So we open up

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Speaker 7: with the first market to open, and then global markets opened.

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Speaker 9: Up after the weekend.

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Speaker 7: Yeah, the oil price is still elevated. It's over one

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Speaker 7: hundred and ten dollars. It has been higher in the

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Speaker 7: last twenty four hours. Look like in the short term

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Speaker 7: this movement is still very much headline driven. I keep

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Speaker 7: counseling people to look past the headlines, and we are

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Speaker 7: seeing a little bit of movement of ships through the

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Speaker 7: straight of will Muss a few going through.

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Speaker 9: But it's not I wouldn't call it. It's not open yet,

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Speaker 9: is it.

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Speaker 7: But it does feel like from an economic point of view,

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Speaker 7: the conflict is entering a slightly more dangerous phase. That's

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Speaker 7: because financial markets are increasingly viewing this as a prolonged

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Speaker 7: shock to oil prices, and the concurrent risk of this

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Speaker 7: is that we see a more uniform move higher in

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Speaker 7: all commodity prices, and the faith in the ability of

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Speaker 7: the US administration to control the outcome is eroding, but

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Speaker 7: Mike overnight, Donald Trump's favorite Federal Reserve Governor, Jerome Powell,

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Speaker 7: He's been speaking to Harvard University event. His comments have

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Speaker 7: soothed the nerves of the US treasury market fallen.

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Speaker 9: Quite a bit.

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Speaker 7: He said that the tariffs had a one time impact

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Speaker 7: on inflational Remember tariffs we used to talk about that

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Speaker 7: inflation impacts are well anchored. The Fed will reach its

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Speaker 7: two percent goal, which has plicated market concerns about any

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Speaker 7: more longer term effect.

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Speaker 9: On interest rate.

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Speaker 7: After a bit of an ugly clothes on Friday night,

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Speaker 7: US share markets are steady. We also had those comments

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Speaker 7: from Scott Vessons as well that they'll fix this. They'll

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Speaker 7: just take over the straits and foremost I'm still not

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Speaker 7: sure whether that's a good thing or a bad thing.

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Speaker 2: Speaking of bad things, when am I hearing from km D.

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Speaker 9: Oh my kmd, KMD. It's an unfolding story, Mike.

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Speaker 7: So the shares yesterday they went into what's called a

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Speaker 7: voluntary suspension. So we knew they'd gone into a trading halt.

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Speaker 9: We should get use today.

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Speaker 7: The investment bankers and the company's been working very hard

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Speaker 7: over the weekend over a potential capital raise. This looks

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Speaker 7: very much now like a rescue plan as opposed to

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Speaker 7: a capital raise. I do note that the ACC and

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Speaker 7: governments super owned twenty percent end of K and D brands.

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Speaker 9: That's you and me, Mike and all of us.

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Speaker 7: Look, we expect to hear something out of them today.

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Speaker 7: So we'll come back to this tomorrow morning, and we

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Speaker 7: are going to hope that this is good news.

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Speaker 2: Well, we wish them. Well, what are the numbers?

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Speaker 7: Okay, So the down Jones is up one hundred and

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Speaker 7: fifty points, that's a third of a percent game forty

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Speaker 7: five thousand, three hundred and fifteen. The S and P

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Speaker 7: five hundred is up five points sixty three seven four

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Speaker 7: and the Nastik has actually fallen in the last few

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Speaker 7: minutes down point three nine percent twenty thousand, eight hundred

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Speaker 7: and sixty six. The forty one hundred I had a

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Speaker 7: nice bounced one point six percent overnight ten thousand, one

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Speaker 7: hundred and twenty seven. The Nickay, this was yesterday when

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Speaker 7: we were all still we hadn't gone positive yet. It

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Speaker 7: fell one thousand, four hundred and eighty seven points two

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Speaker 7: point seven nine percent fifty one thousand, eight hundred and

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Speaker 7: eighty five percent.

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Speaker 9: Hi coms at.

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Speaker 7: Game ten three nine two three the aussis yesday lost

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Speaker 7: a zero point sixty five percent eight four six oh

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Speaker 7: the clothes on the ASEX two hundred. The Enslex fifty

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Speaker 7: didn't have a great day. Lost one point four four

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Speaker 7: percent one hundred and eighty six points twelve, seven hundred

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Speaker 7: and forty eight on the currency's mic Kiwi dollar lowest

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Speaker 7: we've seen it since December. Point five seven one six

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Speaker 7: against the ossie, point eight three three seven against the euro,

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Speaker 7: point four nine eight nine point four.

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Speaker 9: Three three four against the pound.

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Speaker 7: The yen ninety one point one four gold is four thousand,

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Speaker 7: five hundred and thirty seven dollars, and I think the

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Speaker 7: last time I checked Brent crude was one hundred and

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Speaker 7: twelve dollars and sixty three cents.

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Speaker 2: So well, catch up tomorrow, Andrew kellerhers share and partners.

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Speaker 2: We remember we told you on the program last year

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Speaker 2: Logan Paul sold that Pickatoo card and he sold it

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Speaker 2: for sixteen million dollars. People have been looking into that.

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Speaker 2: He's a smart investor for a guy wanders run in

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Speaker 2: a ring and you know, hits people in boxes. People

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Speaker 2: who's actually got a brain anyway. The point being is

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Speaker 2: that they've worked out now the rarest of the Pokemon

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Speaker 2: cards is increasingly looking like an alternative asset, and it's

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Speaker 2: returning something far better than the S and P five

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Speaker 2: hundred long term average, which is ten to twelve percent. So,

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Speaker 2: I you're sick of the markets, go for Pokemon cards.

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Speaker 2: They're telling you. Apparently six twenty one here with news Talks, he'd.

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Speaker 1: Been the Vike Asking Breakers full show podcast on iHeartRadio

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Speaker 1: powered by News Talks, it'd be.

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Speaker 2: Yeah, how about alban Ezy, So he's going to have

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Speaker 2: the fuel excise for the next three months, dropping it

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Speaker 2: by twenty six point three cents of lead to heavy

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Speaker 2: vehicle road user charges would be x for the same

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Speaker 2: amount of time. And here's the article why the PM's

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Speaker 2: fuel excise cut will drive the b Matt so sugar

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Speaker 2: hit idiot and everyone goes, oh, yeah, twenty six point

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Speaker 2: three percent. Is that materially going to change anything to

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Speaker 2: your life? Now, it's two and a half billion dollars

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Speaker 2: into the economy, which has already got inflationary problems. If

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Speaker 2: you think we've got inflationary problems, and we'll talk to

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Speaker 2: the bank after seven o'clock this morning, they've got worse

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Speaker 2: inflationary problems because of exactly the sort of thing. And

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Speaker 2: they've been having this big argument in Australia of late

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Speaker 2: is government spending driving inflation? And the government goes, no, no, no,

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Speaker 2: it's not us. And yet look he does this. It's

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Speaker 2: exactly what it is. And I was reading some economists

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Speaker 2: yesterday and she said the government giveth and the RBA

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Speaker 2: taketh away. And that is economics one O one six

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Speaker 2: twenty five.

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Speaker 1: Trending now with Chimmoth ware House book in your flu

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Speaker 1: Vaccination Today.

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Speaker 2: Now, Building sector news, we've got an update on the

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Speaker 2: White House. The ballroom currently under construction on the side

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Speaker 2: of the old East Wing, of course, but it's not

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Speaker 2: just a ballroom, because last week the constructor in chief

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Speaker 2: suggested there was also a security component, but that was secret. However,

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Speaker 2: on his way back to Washington for the golf course

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Speaker 2: in Florida, he's revealed all.

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Speaker 10: The military is building have been complex under the ballroom,

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Speaker 10: which has come out recently because of a stupid lossuit

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Speaker 10: that was filed. What the military is building a massive

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Speaker 10: complex under the ballroom. It's something we just wanted to

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Speaker 10: pay tribute to the White House, and so that fits

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Speaker 10: so beautifully.

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Speaker 2: The lawsuit reference, by the way, is one of about

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Speaker 2: a million laws it's piling up in the court system

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Speaker 2: around America. They want the construction stopped because of course

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Speaker 2: they are angry about the East wing. Anyway, it's going

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Speaker 2: to be drone proof ceilings and bulletproof glass all around.

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Speaker 2: Roosevelt was the reference there. He originally stalled the bunker

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Speaker 2: under the East Wing. There was some talk it could

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Speaker 2: be renoed, but you know what Trump's like with the

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Speaker 2: gold paint, so he's gone for the fresh build. France

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Speaker 2: has a rest. It seems like five, a fast moving thing.

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Speaker 2: Initially it was one, then it was two, more, which

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Speaker 2: was three. Now they've got five. This was the guy

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Speaker 2: who turned up with some petrol and an explosive device

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Speaker 2: and he was going to blow some stuff up. So

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Speaker 2: we'll get the update from Catherine for you. I found

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Speaker 2: Shane Jones fascinating yesterday. If you watched the oil update.

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Speaker 2: These tickets we've got for the oil we don't use

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Speaker 2: and we can swap it out. And then he mentioned fertilizer,

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Speaker 2: and there are parts of Asia that want our fertilizer.

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Speaker 2: And they've got oil and we can use that. So's

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Speaker 2: she's an open market. She's a fluid and open market

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Speaker 2: on the world of oil and petrol at the moment.

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Speaker 2: So he's with us after seven thirty used the next.

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Speaker 1: The newsmakers and the personalities, the big names talk to

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Speaker 1: make the mic Hosking breakfast with Bailey's real estate altogether

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Speaker 1: better across residential, commercial, and rural news talks had been Yeah.

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Speaker 2: Terror came to town in France out of the last

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Speaker 2: couple of days, so a number of arrest to update

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Speaker 2: you on Captain Field shortly meantime. Back here at twenty

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Speaker 2: three minutes away from seven. The job markets, it's Andrew

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Speaker 2: mentioned moving in the right esh direction, over fifteen hundred

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Speaker 2: more filled jobs than the same time last year. It's

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Speaker 2: the usual ups and down scenario. Construction, manufacturing down, public

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Speaker 2: admin and safety up. Ellen McDonald as the ma's head

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Speaker 2: of Advocacy and Strategy and as with us, Allen, good

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Speaker 2: morning to you. How do you read the fifteen hundred number?

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Speaker 2: You feeling good about that?

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Speaker 11: It's a slight positive, but I think we've yet to

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Speaker 11: see the impact on those some of those hiring intentions

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Speaker 11: and a bit of business confidence, particularly in a couple

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Speaker 11: of those sectors that you mentioned. We've been out on

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Speaker 11: the road right through February and March talking to our

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Speaker 11: members and it's very clear they're keeping a very watchful

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Speaker 11: eye on what's happening with fuel and fuel supplies and

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Speaker 11: fuel prices, and that could lead if it continues, to

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Speaker 11: some more difficult decisions for some of those people.

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Speaker 2: And what is your read on that. When you ask

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Speaker 2: people and say, if this thing ends in a couple

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Speaker 2: of weeks, like two weeks, we're done, they said four

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Speaker 2: to six, it's done in six. Do people move through

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Speaker 2: that and get on with it, or is the damage done?

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Speaker 11: I think it'd be a huge relief if it in

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Speaker 11: sooner rather than later. And mister Trump tells us he's

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Speaker 11: one at once already, so if you could get on

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Speaker 11: and do it again, that'd be quite helpful. I think

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Speaker 11: what the big problem will be if you look into

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Speaker 11: the manufacturing index, for example, which we keep a close

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Speaker 11: eye on. It's been positive for the last five or

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Speaker 11: six months, so I was a little surprised to see

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Speaker 11: those numbers, but it was the intent to hire and

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Speaker 11: invest that was growing, and that will get a knock

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Speaker 11: regardless of how quickly this is over.

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Speaker 2: You just worked me through that. Because when you look

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Speaker 2: at manufacturing, as you say, the PMI has been up

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Speaker 2: and in the positive construction I thought was coming back

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Speaker 2: is the are these numbers retroective or am I misreading

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Speaker 2: what's been happening in construction.

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Speaker 11: I was a little surprised by the manufacturing one. As

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Speaker 11: I said, it's been going positive for the last five

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Speaker 11: or six months. The construction one, the big vertical stuff

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Speaker 11: which soaks up those jobs, that probably wasn't coming back

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Speaker 11: toward until towards the end of the year anyway, because

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Speaker 11: to get those things going again that takes a bit

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Speaker 11: of time and things. And also in the new builds,

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Speaker 11: just anecdotally we're hearing that slowed down quite a bit

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Speaker 11: because people still aren't.

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Speaker 12: Spending money yet.

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Speaker 11: So that wasn't such a surprise, but the manufacturing was

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Speaker 11: a bit of a surprise.

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Speaker 1: One.

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Speaker 2: I worry about Auckland and Wellington, the engine rooms of

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Speaker 2: the economy. They're down. I mean, yes, Canterbury's up and

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Speaker 2: it tigers up and all that's fantastic, but if you're not,

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Speaker 2: if your big engine's not running there, that's trouble going

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Speaker 2: moving forward, isn't it.

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Speaker 11: Yeah, that's a real concern. Aukland's about thirty percent of

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Speaker 11: GDP or something around that number, and for it to

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Speaker 11: still be so sluggish as a concern. The other one

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Speaker 11: that we're quite concerned about is still that number of

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Speaker 11: young people getting into the world force continues to fall,

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Speaker 11: and that's not good either. The unemployment rate between for

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Speaker 11: hundred twenty five year olds in South Olkon for examples,

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Speaker 11: as high as twenty percent.

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Speaker 2: Okay, I appreciate it very much, Ellen McDonald. I feel

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Speaker 2: like I've been here before. That's right.

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Speaker 11: I was.

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Speaker 2: It was last year our EMA's head of advocacy and strategy.

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Speaker 2: We've got a new forecast. See this is interesting. Nick

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Speaker 2: Huffley is going to be with us after seven o'clock

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Speaker 2: ASBCHIEP economist. They've got new numbers. They're down to one

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Speaker 2: point three percent growth, so glass half full. That's good.

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Speaker 2: We've got growth. They see Q two's a problem that's

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Speaker 2: going to go backwards. Q two is basically as of tomorrow, April,

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Speaker 2: May and June. They see that going backwards. But we'll

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Speaker 2: still scrape out some growth this year, so that's the

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Speaker 2: encouraging part. Inflation's nothing like Australia. So all of that's good.

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Speaker 2: But I'm watching Nikola yesterday along with Shane and the

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Speaker 2: Prime Minister, and she's going, look the treasury have got this.

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Speaker 2: It's like it's a moving feast. They're not nailing any

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Speaker 2: numbers down because who the hell knows what's going on?

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Speaker 2: So how can the banks? So we'll talk to him later.

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Speaker 1: On nineteen two, the Mike Husking Breakfast Full Show podcast

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Speaker 1: on iHeartRadio powered by News.

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Speaker 9: Talks a b.

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Speaker 2: Now, there's something that catches a lot of people out.

413
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Speaker 2: They say, my hearings find things are loud enough. Now

414
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Speaker 2: sometimes they even say things are too loud. But then

415
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Speaker 2: then they say something really interesting. I can hear, I

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Speaker 2: just can't understand it. So that's because hearing loss is

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Speaker 2: often about clarity, not volume. So the tones and pittures

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Speaker 2: responsible for speech, they detail that. That's usually the first

419
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Speaker 2: thing to go. So you can hear that someone's talking,

420
00:19:27,400 --> 00:19:29,720
Speaker 2: you just can't quite make out what those words are.

421
00:19:30,200 --> 00:19:32,520
Speaker 2: Turning things up doesn't actually fix it. It can in fact

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00:19:32,680 --> 00:19:35,800
Speaker 2: make unclear sound even louder, which is why resonate health

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Speaker 2: maybe affecting day to day life, tests how well you

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Speaker 13: Anything that they say to us privately will be tested

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00:20:15,880 --> 00:20:18,919
Speaker 13: and we will ensure that they are being held accountable

437
00:20:18,920 --> 00:20:20,720
Speaker 13: to their word, and if they are not, the President

438
00:20:20,720 --> 00:20:24,159
Speaker 13: has laid out the military consequences that the Iranian regime

439
00:20:24,200 --> 00:20:26,680
Speaker 13: will see if they don't hold true to the words

440
00:20:26,680 --> 00:20:29,119
Speaker 13: that we are hearing privately behind the scenes. When the

441
00:20:29,119 --> 00:20:32,600
Speaker 13: President says more reasonable, again, these folks are appearing more

442
00:20:32,600 --> 00:20:36,280
Speaker 13: reasonable behind the scenes privately in these conversations than perhaps

443
00:20:36,359 --> 00:20:38,639
Speaker 13: some of the previous leaders who are now no longer

444
00:20:38,680 --> 00:20:39,600
Speaker 13: on planet.

445
00:20:39,280 --> 00:20:44,680
Speaker 14: Earth International correspondence with insin Eye Insurance, Peace of Mind

446
00:20:44,720 --> 00:20:46,120
Speaker 14: for New Zealand Business.

447
00:20:45,960 --> 00:20:49,120
Speaker 2: Healing Beteth Keats mcfields in France kepnin morning to you,

448
00:20:50,080 --> 00:20:52,280
Speaker 2: Good morning Mike. How many risks have we got and

449
00:20:52,280 --> 00:20:54,479
Speaker 2: how organized was it? And is it linked to Iran?

450
00:20:56,400 --> 00:21:01,119
Speaker 5: Yes, this is related to fringe authority now investigating a

451
00:21:01,240 --> 00:21:05,480
Speaker 5: suspect as there's a suspected link to Iran. They thwarted

452
00:21:05,520 --> 00:21:08,679
Speaker 5: what they think was a bomb attack on a property

453
00:21:08,720 --> 00:21:11,800
Speaker 5: belonging to the Bank of America here in Paris over

454
00:21:11,800 --> 00:21:15,359
Speaker 5: the weekend. The reason that they say that they think

455
00:21:15,400 --> 00:21:19,600
Speaker 5: that it's a pro Iranian group linked to this attack

456
00:21:19,960 --> 00:21:22,560
Speaker 5: is because it bears a lot of the hallmarks of

457
00:21:22,720 --> 00:21:26,639
Speaker 5: earlier attacks, particularly in the Netherlands, also Indulgium and that

458
00:21:26,760 --> 00:21:30,720
Speaker 5: attack just last week in London when some Jewish ambulances

459
00:21:30,800 --> 00:21:34,400
Speaker 5: were set alight. It is a concern because of the

460
00:21:34,440 --> 00:21:38,760
Speaker 5: way that the suspects were recruited to carry this out.

461
00:21:39,000 --> 00:21:43,240
Speaker 5: They were found on Space sorry a snapchat. They were

462
00:21:43,280 --> 00:21:46,800
Speaker 5: offered around a thousand New Zealand dollars to go and

463
00:21:47,000 --> 00:21:51,520
Speaker 5: plant this device outside the Bank of America. They particularly

464
00:21:51,600 --> 00:21:55,960
Speaker 5: targeted a young immigrant seventeen years old and that is

465
00:21:56,040 --> 00:22:00,399
Speaker 5: what's got the intelligence services and the anti terrorism police

466
00:22:00,440 --> 00:22:04,679
Speaker 5: here particularly concerned because it's possibly a group they've not

467
00:22:04,840 --> 00:22:08,080
Speaker 5: heard about before, and they're using social media in a

468
00:22:08,119 --> 00:22:11,400
Speaker 5: way that they've seen before. That's very difficult for them

469
00:22:11,400 --> 00:22:12,159
Speaker 5: to get a handle on.

470
00:22:12,600 --> 00:22:15,160
Speaker 2: Okay, we'll see where it goes. The war, the other war,

471
00:22:15,200 --> 00:22:17,439
Speaker 2: the war that you presumably talk more about than we do.

472
00:22:17,560 --> 00:22:20,800
Speaker 2: This business of Zelensky and Ukraine, his move to the

473
00:22:20,800 --> 00:22:22,800
Speaker 2: Middle East, what's going on there.

474
00:22:24,400 --> 00:22:26,840
Speaker 5: Part of it is money. You might recall, minds that

475
00:22:27,000 --> 00:22:30,640
Speaker 5: the European Union is holding back on this ninety billion

476
00:22:30,760 --> 00:22:34,199
Speaker 5: euro funding for Ukraine, which Ukraine says they need to

477
00:22:34,240 --> 00:22:37,119
Speaker 5: get through the next couple of months. Also, you know

478
00:22:37,200 --> 00:22:41,800
Speaker 5: there's a bit of commerce involved. The Ukrainians know about drones,

479
00:22:41,840 --> 00:22:46,280
Speaker 5: they know about drone technology, and so President Zelenski just

480
00:22:46,400 --> 00:22:48,680
Speaker 5: came back from a tour of the goals. He've been

481
00:22:48,760 --> 00:22:54,679
Speaker 5: in Kata, Saudi Arabian UAE selling them their technology. We

482
00:22:54,760 --> 00:22:57,600
Speaker 5: don't have exact details and what he was selling them,

483
00:22:57,920 --> 00:23:02,440
Speaker 5: but we do know that it was air systems, maritime drones,

484
00:23:02,880 --> 00:23:07,640
Speaker 5: electronic warfare, interception technology, that sort of stuff. Now, if

485
00:23:07,680 --> 00:23:11,280
Speaker 5: you recall these types of drones that are being fied

486
00:23:11,440 --> 00:23:14,880
Speaker 5: across the golf for the landing and places in countries

487
00:23:14,880 --> 00:23:17,720
Speaker 5: in the golf. These are the same types of drones

488
00:23:18,000 --> 00:23:22,399
Speaker 5: that have been targeted at Ukraine. They are Iranian made,

489
00:23:22,520 --> 00:23:25,879
Speaker 5: They've been used by Russia. So even though quite a

490
00:23:25,880 --> 00:23:28,919
Speaker 5: lot to get through, Ukraine has got the technology to

491
00:23:28,960 --> 00:23:33,159
Speaker 5: be able to deal with it. So Kiev needs to

492
00:23:33,240 --> 00:23:36,280
Speaker 5: have a business business deals that they want to set

493
00:23:36,320 --> 00:23:39,080
Speaker 5: up these strategic alliances. And so I think what we're

494
00:23:39,080 --> 00:23:41,840
Speaker 5: looking at is funding and exchange for technology.

495
00:23:42,040 --> 00:23:45,200
Speaker 2: How worried is Europe about oil and Russia and their

496
00:23:45,200 --> 00:23:48,080
Speaker 2: ability seemingly to flood the global market at the moment

497
00:23:48,160 --> 00:23:50,760
Speaker 2: and bring in the cash which funds the war machine.

498
00:23:51,680 --> 00:23:54,040
Speaker 5: A lot of double speed going on about this at

499
00:23:54,040 --> 00:23:57,160
Speaker 5: the moment. They are concerned. We've got, on the one hand,

500
00:23:57,920 --> 00:24:01,879
Speaker 5: us allowing more Russian oil onto the market. One of

501
00:24:01,880 --> 00:24:04,600
Speaker 5: the other interesting things that we're seeing is that a

502
00:24:04,640 --> 00:24:06,639
Speaker 5: lot of countries are trying to put pressure on the

503
00:24:06,720 --> 00:24:11,840
Speaker 5: Ukrainians to stop targeting Russia's energy infrastructure. You know, of course,

504
00:24:11,920 --> 00:24:15,120
Speaker 5: we've been seeing in the area around Saint Petersburg right

505
00:24:15,160 --> 00:24:17,640
Speaker 5: in the north up north of the Baltic we've seen

506
00:24:17,680 --> 00:24:21,080
Speaker 5: a lot of the Ukrainian drone attacks on those oil

507
00:24:21,119 --> 00:24:25,159
Speaker 5: installations up there, so they're saying, look, can we actually

508
00:24:25,240 --> 00:24:28,560
Speaker 5: quite need Russia's oil. Of course, Zelensky is saying, well,

509
00:24:28,600 --> 00:24:33,280
Speaker 5: we will stop targeting Russian infrastructure as soon as they

510
00:24:33,359 --> 00:24:34,920
Speaker 5: stopped targeting Ukraine.

511
00:24:35,400 --> 00:24:38,760
Speaker 2: By the way, the Spanish move overnight on the other

512
00:24:38,880 --> 00:24:42,520
Speaker 2: war and Iran, how much of an outlier is Spain

513
00:24:42,680 --> 00:24:46,840
Speaker 2: in the EU in terms of their attitude to America, And.

514
00:24:46,800 --> 00:24:50,160
Speaker 5: Then they're really in line with most of Europe when

515
00:24:50,200 --> 00:24:53,480
Speaker 5: it comes to the basic line, which is it's an

516
00:24:53,560 --> 00:24:57,760
Speaker 5: illegal war, unjust, and it really has strayed away from

517
00:24:57,840 --> 00:25:02,040
Speaker 5: its initial objectives. What was interesting though, was that Spain

518
00:25:02,080 --> 00:25:06,120
Speaker 5: has now blocked US warplanes from flying over its territory,

519
00:25:06,160 --> 00:25:10,320
Speaker 5: so essentially it's spanned any military aircraft involved in their

520
00:25:10,320 --> 00:25:15,520
Speaker 5: own using its airspace, using its military bases. In the past,

521
00:25:15,640 --> 00:25:18,040
Speaker 5: they were allowing the US to use some of the

522
00:25:18,080 --> 00:25:22,640
Speaker 5: bases in Spain. They were also allowed to use they

523
00:25:22,640 --> 00:25:25,639
Speaker 5: had a naval presence in the south. It was actually

524
00:25:25,680 --> 00:25:29,880
Speaker 5: a logistics hub for American operations in Europe and the Mediterranean.

525
00:25:30,320 --> 00:25:33,840
Speaker 5: But now it's been pretty firm. The Defense Minister has

526
00:25:33,840 --> 00:25:36,919
Speaker 5: said she told the US. It was not a sudden

527
00:25:37,000 --> 00:25:40,879
Speaker 5: policy shift, and they just do not agree with what

528
00:25:40,960 --> 00:25:41,960
Speaker 5: Donald Trump is doing.

529
00:25:42,119 --> 00:25:44,560
Speaker 2: Always a pleasure, Catherine Catherine Field in France for US

530
00:25:44,560 --> 00:25:46,920
Speaker 2: this morning. Got some good airline bargains if you want

531
00:25:46,920 --> 00:25:49,000
Speaker 2: to go through the Middle East, those fears are starting

532
00:25:49,000 --> 00:25:52,480
Speaker 2: to be offered up for global trouble. Cyprus tourism wise

533
00:25:52,600 --> 00:25:54,959
Speaker 2: is in deep trouble, and I'll run you through a list. Africa,

534
00:25:55,000 --> 00:25:56,600
Speaker 2: by the way, could be a big winner out of this.

535
00:25:57,080 --> 00:26:00,679
Speaker 2: There's a tremendous amount of oil in Africa, and not

536
00:26:00,720 --> 00:26:03,960
Speaker 2: only currently but in the future, and gas as well.

537
00:26:04,040 --> 00:26:05,600
Speaker 2: And if you can't get it through the straight up

538
00:26:05,600 --> 00:26:08,240
Speaker 2: of Moose, you get around Africa up into places like Europe.

539
00:26:08,240 --> 00:26:10,680
Speaker 2: So that could be a salvation of sorts. So I'll

540
00:26:10,680 --> 00:26:12,000
Speaker 2: come back to all of that in just a moment.

541
00:26:12,040 --> 00:26:16,159
Speaker 1: Ten two the mic asking breakfast with rangthrow a sport

542
00:26:16,400 --> 00:26:17,600
Speaker 1: sv us tonstad b.

543
00:26:17,920 --> 00:26:20,320
Speaker 2: Ever, since that airbase got to attack the British naval base

544
00:26:20,760 --> 00:26:22,240
Speaker 2: a couple of weeks ago at the very beginning of

545
00:26:22,280 --> 00:26:25,040
Speaker 2: the war, the drone strike in Cyprus, bookings are down

546
00:26:25,080 --> 00:26:27,600
Speaker 2: for the Easter holidays forty percent. They'd never recovered four

547
00:26:27,640 --> 00:26:31,040
Speaker 2: oher percent down now Africa. This is interesting. Europe and Asia,

548
00:26:31,359 --> 00:26:34,760
Speaker 2: Asia's US increasingly looking to Africa to buy their oil.

549
00:26:34,840 --> 00:26:39,960
Speaker 2: So everyone from Nigeria, Libya and Gola, Gabon, Mozambique, Namibia, Tanzania,

550
00:26:40,359 --> 00:26:43,639
Speaker 2: they see African now as lower risk and alternative to

551
00:26:43,680 --> 00:26:46,680
Speaker 2: the Middle East. Asian buyers particularly are into the Africans.

552
00:26:46,840 --> 00:26:49,600
Speaker 2: LNG export capacity is going to go from eighty million

553
00:26:49,600 --> 00:26:53,200
Speaker 2: tons a year to one hundred and seventy five. Sub

554
00:26:53,240 --> 00:26:56,600
Speaker 2: Saharan LNNG exports are projected to increase by one hundred

555
00:26:56,600 --> 00:27:01,440
Speaker 2: and seventy five percent. Big projects being funded currently Mozambique, Angola,

556
00:27:01,520 --> 00:27:05,080
Speaker 2: Equatorial Guinea, Nigeria, Camera And this is classic modern economics.

557
00:27:05,440 --> 00:27:07,520
Speaker 2: If one person becomes a problem, someone else is going

558
00:27:07,560 --> 00:27:10,640
Speaker 2: to solve the issue. So they're helping fast Track. There's

559
00:27:10,680 --> 00:27:13,680
Speaker 2: billions of dollars pouring in twenty billion dollar Transaharan gas

560
00:27:13,720 --> 00:27:17,040
Speaker 2: pipeline for example, that will carry Nigerian gas through Nigia

561
00:27:17,200 --> 00:27:21,280
Speaker 2: and Algeria into Europe. So there's always all out there

562
00:27:21,320 --> 00:27:23,280
Speaker 2: and we really learned that yesterday. If you're watching the

563
00:27:23,280 --> 00:27:27,280
Speaker 2: press conference fast I thought it was fascinating. So the IEA,

564
00:27:27,359 --> 00:27:29,480
Speaker 2: you remember they did that emergency stock the other day,

565
00:27:29,480 --> 00:27:32,560
Speaker 2: four hundred million barrels. They're not actually barrels, they're just

566
00:27:32,640 --> 00:27:35,480
Speaker 2: we've got what they call tickets, and we've got to

567
00:27:35,480 --> 00:27:37,439
Speaker 2: contribute those tickets, and we can do with the tickets

568
00:27:37,480 --> 00:27:38,960
Speaker 2: what we want. What we're looking to do is we've

569
00:27:38,960 --> 00:27:41,760
Speaker 2: got tickets to oil we don't actually use, so we'll

570
00:27:41,800 --> 00:27:43,960
Speaker 2: swap those tickets out for oil we can use. We're

571
00:27:43,960 --> 00:27:47,920
Speaker 2: getting approached by various entities, and I'm fascinated to learn

572
00:27:47,960 --> 00:27:50,760
Speaker 2: who these entities are. Saying, we've got the oil you want,

573
00:27:50,760 --> 00:27:52,280
Speaker 2: and you give us the tickets. And then we come

574
00:27:52,320 --> 00:27:56,520
Speaker 2: to fertilizer in places like Singapore where they go, we're

575
00:27:56,520 --> 00:27:57,840
Speaker 2: not going to be able to plant the crops we

576
00:27:57,920 --> 00:27:59,960
Speaker 2: need the fertilizer. Now, who's got the fertilizer we do?

577
00:28:00,000 --> 00:28:02,439
Speaker 2: Who's got the food we do? See, we're trading. So

578
00:28:02,520 --> 00:28:04,720
Speaker 2: Shane Jones on this later five to seven.

579
00:28:05,560 --> 00:28:08,800
Speaker 1: All the ins and the ouse. It's the fizz with

580
00:28:09,080 --> 00:28:12,520
Speaker 1: business fiber take your business productivity to the next level.

581
00:28:12,520 --> 00:28:14,320
Speaker 2: Now the look from business, how are we feeling about

582
00:28:14,320 --> 00:28:17,640
Speaker 2: this war? High level concern? The are the words from

583
00:28:17,680 --> 00:28:21,399
Speaker 2: the SMEs This the NOYOB Pulse Survey. High level Concern.

584
00:28:21,480 --> 00:28:23,760
Speaker 2: So Fifty five percent of smeths are either very or

585
00:28:23,800 --> 00:28:28,000
Speaker 2: extremely concerned about the impact mainly on fuel, of course,

586
00:28:28,000 --> 00:28:30,920
Speaker 2: and supplies for the business. Twenty seven moderately concerned, sixteen

587
00:28:30,960 --> 00:28:34,520
Speaker 2: slightly concerned, three percent aren't concerned at all. Sixty one

588
00:28:34,560 --> 00:28:36,840
Speaker 2: percent said fuel was critical or very important to their

589
00:28:36,880 --> 00:28:40,360
Speaker 2: ability to operate directly or indirectly by the transport and

590
00:28:40,400 --> 00:28:44,400
Speaker 2: logistics mainly. Of the issues that fuel brings over half

591
00:28:44,480 --> 00:28:47,200
Speaker 2: fifty two said the main hit with supplies increasing prices,

592
00:28:47,440 --> 00:28:50,000
Speaker 2: forty one percent said career and freight costs, thirty percent

593
00:28:50,040 --> 00:28:55,160
Speaker 2: said supply chain disruption. Then they were asked what would

594
00:28:55,280 --> 00:28:58,760
Speaker 2: happen if the thing the war intensified over the next month.

595
00:28:58,800 --> 00:29:00,760
Speaker 2: Well more than the third said that would be putting

596
00:29:00,760 --> 00:29:03,640
Speaker 2: prices up, so therese your inflation. Some said they'd be

597
00:29:03,680 --> 00:29:08,000
Speaker 2: reducing days being open and operating ours. So it's one

598
00:29:08,000 --> 00:29:10,480
Speaker 2: of those frustrating situations and nothing you can do about it.

599
00:29:10,480 --> 00:29:11,959
Speaker 2: You just sort of watch and wait, don't you. And

600
00:29:12,040 --> 00:29:15,360
Speaker 2: yet the ASB have come up with some numbers this morning.

601
00:29:15,360 --> 00:29:17,240
Speaker 2: They've had a look at inflation, they've had a look

602
00:29:17,240 --> 00:29:19,800
Speaker 2: at GDP for the year. Obviously, they've had a look

603
00:29:19,800 --> 00:29:22,840
Speaker 2: at the housing they're all roughly aligned. We're giving you

604
00:29:22,920 --> 00:29:24,640
Speaker 2: a couple of banks over the last few days, but

605
00:29:24,680 --> 00:29:26,720
Speaker 2: the ASB have got the fresh numbers for us this morning,

606
00:29:26,720 --> 00:29:29,320
Speaker 2: so we'll do that. Then we've got problems. I can't

607
00:29:29,360 --> 00:29:31,600
Speaker 2: work out where the Labor party you're at. They've written

608
00:29:31,600 --> 00:29:34,720
Speaker 2: back to the government and said this FTA with India

609
00:29:34,800 --> 00:29:37,600
Speaker 2: that what you're saying publicly and what's in the text

610
00:29:37,640 --> 00:29:42,040
Speaker 2: we've seen doesn't align. So we're not signing. So David

611
00:29:42,040 --> 00:29:44,800
Speaker 2: Seymour on that. Meantime, the news is next, Your News

612
00:29:44,840 --> 00:29:45,560
Speaker 2: Talk SeeDB.

613
00:29:48,000 --> 00:29:55,520
Speaker 15: Person over again, credible, compelling, the breakfast show you can't

614
00:29:55,600 --> 00:29:59,800
Speaker 15: bess it's the Mic Hosking Breakfast with Vita, Retirement Communities,

615
00:30:00,120 --> 00:30:01,640
Speaker 15: Life Your Way News togs.

616
00:30:01,680 --> 00:30:03,760
Speaker 2: That'd bell seven past seven. So the banks are now

617
00:30:03,800 --> 00:30:06,040
Speaker 2: lining up with the renewed economic forecast for the year.

618
00:30:06,080 --> 00:30:08,600
Speaker 2: Now that the furies up into the equation, ASB is

619
00:30:08,680 --> 00:30:12,080
Speaker 2: cut GST, we're down to about not GST, GDP down

620
00:30:12,120 --> 00:30:15,480
Speaker 2: to about one point three. Recovery is now twenty twenty seven.

621
00:30:15,520 --> 00:30:17,960
Speaker 2: Q two is going to go backwards. Inflation could hit four.

622
00:30:18,040 --> 00:30:21,160
Speaker 2: Nick Toughly is the ASP's chief economists back with us. Nick,

623
00:30:21,160 --> 00:30:23,840
Speaker 2: Morning to you, good morning. How much of a rolling

624
00:30:23,920 --> 00:30:25,560
Speaker 2: wall is this? And we can I could get you

625
00:30:25,640 --> 00:30:27,680
Speaker 2: back to morow and you could say something completely different.

626
00:30:29,040 --> 00:30:32,000
Speaker 16: Well, I think we're going to be dealing with uncertainty

627
00:30:32,040 --> 00:30:34,880
Speaker 16: for a while. So yes, whilst we've put out forecasts,

628
00:30:34,920 --> 00:30:36,760
Speaker 16: at the moment, the thing I think people need to

629
00:30:36,760 --> 00:30:40,160
Speaker 16: be focusing a lot on is scenario analysis and contingency

630
00:30:40,160 --> 00:30:42,760
Speaker 16: planning to just get a better idea of how different

631
00:30:42,800 --> 00:30:45,880
Speaker 16: outcomes could impact on their business so they can just

632
00:30:45,960 --> 00:30:46,920
Speaker 16: get ready for it.

633
00:30:47,000 --> 00:30:50,920
Speaker 2: Is Q two definitely a miss for us.

634
00:30:50,960 --> 00:30:53,520
Speaker 16: We do have a slight negative. It's just really when

635
00:30:54,440 --> 00:30:57,080
Speaker 16: the I guess like the peak impacts of the shocks

636
00:30:57,080 --> 00:30:58,680
Speaker 16: are sort of really hitting. That's the sort of first

637
00:30:58,760 --> 00:31:00,720
Speaker 16: quarter we're getting, this of fullen pact of all these

638
00:31:01,240 --> 00:31:04,680
Speaker 16: higher prices at the pump that will be sort of

639
00:31:04,720 --> 00:31:07,640
Speaker 16: rippling through and having an impact, particularly on consumer's ability

640
00:31:07,680 --> 00:31:08,800
Speaker 16: to spend over that quarter.

641
00:31:08,920 --> 00:31:11,479
Speaker 2: And what you read on the psychology of all of this,

642
00:31:11,920 --> 00:31:15,760
Speaker 2: will we freak out? And if we do? Is that material.

643
00:31:16,880 --> 00:31:19,720
Speaker 16: We do run the risk, as we always do when

644
00:31:19,720 --> 00:31:22,000
Speaker 16: you have a shock like this or that period of

645
00:31:22,320 --> 00:31:25,240
Speaker 16: just uncertainty and people heading the pause button. I think

646
00:31:25,240 --> 00:31:28,160
Speaker 16: the challenge with this is until we get some resolution

647
00:31:28,280 --> 00:31:30,800
Speaker 16: over oil supplies. It leaves everybody a little bit up

648
00:31:30,880 --> 00:31:33,760
Speaker 16: in the air. So it makes it very hard for

649
00:31:33,760 --> 00:31:35,560
Speaker 16: people to pan for the longer term at a time

650
00:31:35,800 --> 00:31:36,120
Speaker 16: like this.

651
00:31:36,520 --> 00:31:39,880
Speaker 2: Can I say that glass half fall if you're right,

652
00:31:39,920 --> 00:31:42,000
Speaker 2: if you're spot on, and we get GDP at one

653
00:31:42,040 --> 00:31:44,080
Speaker 2: point three not what it was, but not the end

654
00:31:44,080 --> 00:31:46,080
Speaker 2: of the world. It's still growth and inflation at for

655
00:31:46,240 --> 00:31:47,880
Speaker 2: once again not the end of the world. That's not

656
00:31:48,000 --> 00:31:49,040
Speaker 2: the end of the world at all.

657
00:31:49,200 --> 00:31:51,960
Speaker 16: Is it's it's not the end of the world, but

658
00:31:52,000 --> 00:31:55,640
Speaker 16: it is sort of really delaying that recovery. Again. Look

659
00:31:55,680 --> 00:31:58,320
Speaker 16: on the scenario that we've got there, we'd still be growing,

660
00:31:58,360 --> 00:32:00,520
Speaker 16: it would be will be slowly, sort of really pushed

661
00:32:00,520 --> 00:32:03,239
Speaker 16: out the recovery until late this year, instead of it

662
00:32:03,280 --> 00:32:06,640
Speaker 16: continuing over the course of the year. And we've had

663
00:32:06,680 --> 00:32:09,400
Speaker 16: inflation higher than four percent before were not just a

664
00:32:09,480 --> 00:32:13,160
Speaker 16: few years ago, but even just right before the financial crisis,

665
00:32:13,160 --> 00:32:15,520
Speaker 16: when all prices were high, we were hitting five percent.

666
00:32:16,080 --> 00:32:19,160
Speaker 16: Still could conceivably hit that this year, but we're in

667
00:32:19,160 --> 00:32:21,800
Speaker 16: an environment where the reserve banks does have just time

668
00:32:21,880 --> 00:32:25,000
Speaker 16: to wait, given that the recovery was still relatively in

669
00:32:25,360 --> 00:32:27,520
Speaker 16: the early stage and we went exactly overheating.

670
00:32:27,680 --> 00:32:30,080
Speaker 2: But what about places like Australia who come out yesterday,

671
00:32:29,960 --> 00:32:33,320
Speaker 2: they're going to stow inflation. If they stow inflation, they're

672
00:32:33,360 --> 00:32:35,719
Speaker 2: going to kill growth. They kill growth. One of their

673
00:32:35,720 --> 00:32:37,720
Speaker 2: big trading partners is going to stub Do you take

674
00:32:37,760 --> 00:32:39,320
Speaker 2: all that stuff into account as well?

675
00:32:40,080 --> 00:32:41,840
Speaker 16: Well, we do that best. And the thing is is

676
00:32:41,880 --> 00:32:43,200
Speaker 16: what we're going to find is that there's going to

677
00:32:43,200 --> 00:32:45,920
Speaker 16: be different countries doing different things in response to this

678
00:32:46,000 --> 00:32:48,480
Speaker 16: and not. You're right in Australia where they have tried

679
00:32:48,520 --> 00:32:51,480
Speaker 16: to take the edge off the impact for consumers a

680
00:32:51,520 --> 00:32:54,160
Speaker 16: bit more with a lot more fiscal spending right at

681
00:32:54,160 --> 00:32:56,280
Speaker 16: a time when the Reserve Bank over there has already

682
00:32:56,280 --> 00:32:58,360
Speaker 16: lifted rates a couple of times. It does mean you

683
00:32:58,440 --> 00:33:01,240
Speaker 16: end up with this push me pullyu tug of war?

684
00:33:01,560 --> 00:33:02,240
Speaker 2: Do you reckon people?

685
00:33:02,320 --> 00:33:02,600
Speaker 9: Get that?

686
00:33:02,640 --> 00:33:02,800
Speaker 12: Now?

687
00:33:02,800 --> 00:33:04,520
Speaker 2: Do you reckon our big lesson out of COVID? And

688
00:33:04,560 --> 00:33:06,240
Speaker 2: this goes to the government. I don't want to drag

689
00:33:06,280 --> 00:33:09,120
Speaker 2: you into politics, but do you reckon people? Get it that? Yes,

690
00:33:09,160 --> 00:33:11,920
Speaker 2: they could cut anything tomorrow, they could fill your pockets

691
00:33:12,000 --> 00:33:15,240
Speaker 2: with cash. But we've been there, done that, learnt that lesson,

692
00:33:15,320 --> 00:33:16,640
Speaker 2: and we understand that or not.

693
00:33:18,040 --> 00:33:20,040
Speaker 16: Perhaps we do a little bit better. I think when

694
00:33:20,080 --> 00:33:26,800
Speaker 16: you look back since the financial crisis, through the Canterbury earthquakes, COVID. Look,

695
00:33:26,880 --> 00:33:29,840
Speaker 16: we've gone through a number of periods now, We've responded

696
00:33:29,840 --> 00:33:31,760
Speaker 16: to what we thought as a one off crisis, and

697
00:33:31,760 --> 00:33:34,680
Speaker 16: we've ended up running deficits most of that time, and

698
00:33:34,720 --> 00:33:37,920
Speaker 16: we're just getting less I guess prepared or less resilient

699
00:33:38,000 --> 00:33:39,840
Speaker 16: fiscally to be able to respond to things. And so

700
00:33:39,920 --> 00:33:42,680
Speaker 16: we just we have very limited options and think everybody does.

701
00:33:42,720 --> 00:33:44,880
Speaker 16: Really you can't just wave a magic wine and make

702
00:33:44,920 --> 00:33:45,680
Speaker 16: all this go away.

703
00:33:45,880 --> 00:33:48,120
Speaker 2: Exactly. Nice talk to you, because always Nick Tumpley, who's

704
00:33:48,120 --> 00:33:50,920
Speaker 2: the ASP chief Economist, eleven minutes past seven past, get

705
00:33:51,040 --> 00:33:53,440
Speaker 2: semi related matters. We might have some trouble on the

706
00:33:53,440 --> 00:33:56,840
Speaker 2: India FTA labor whose supporters now needed because New Zealand

707
00:33:56,840 --> 00:33:58,760
Speaker 2: First have bailed on it, have allegedly written to the

708
00:33:58,760 --> 00:34:02,000
Speaker 2: Trade Minister against signing their view as the full text

709
00:34:02,000 --> 00:34:04,880
Speaker 2: doesn't match the government's public reassurances. Mcclay's on a plane

710
00:34:04,920 --> 00:34:07,800
Speaker 2: back from Cameroon apparently anyway, Deputy Prime Miens to David

711
00:34:07,800 --> 00:34:10,840
Speaker 2: Seymour is with us morning, good morning, way do we

712
00:34:10,920 --> 00:34:11,759
Speaker 2: have trouble or not.

713
00:34:13,320 --> 00:34:15,760
Speaker 17: Well, we have trouble if the Labor Party are going

714
00:34:15,760 --> 00:34:19,399
Speaker 17: to abandon their long tradition of supporting free trade and

715
00:34:19,719 --> 00:34:23,640
Speaker 17: frankly play politics before an election instead of looking at

716
00:34:23,640 --> 00:34:25,640
Speaker 17: our long term challenges in this country.

717
00:34:25,800 --> 00:34:28,880
Speaker 2: Do they have a point? Does the text not match

718
00:34:28,920 --> 00:34:30,239
Speaker 2: the utterances?

719
00:34:31,239 --> 00:34:31,319
Speaker 10: No?

720
00:34:31,480 --> 00:34:33,319
Speaker 17: I don't believe it does at all. If you look

721
00:34:33,360 --> 00:34:38,319
Speaker 17: at the text overall, it has massive access for New

722
00:34:38,400 --> 00:34:41,239
Speaker 17: Zealanders up and down the country. Ninety five percent of

723
00:34:41,280 --> 00:34:46,200
Speaker 17: those who currently export to India will get tariff reductions.

724
00:34:46,239 --> 00:34:49,000
Speaker 17: Fifty percent of those go to zero on day one.

725
00:34:49,560 --> 00:34:51,640
Speaker 17: But we have to actually ratify it with the votes

726
00:34:51,680 --> 00:34:53,759
Speaker 17: in parliament. And what does that look like. I was

727
00:34:53,800 --> 00:34:58,600
Speaker 17: talking to someone just this morning. They her husband and wife.

728
00:34:58,680 --> 00:35:02,080
Speaker 17: They've bought a truck. They bought it right before the

729
00:35:02,120 --> 00:35:06,239
Speaker 17: diesel prices went up. They share eight our shifts. She

730
00:35:06,400 --> 00:35:08,600
Speaker 17: drives for eight hours, he drives for eight hours. And

731
00:35:08,640 --> 00:35:12,680
Speaker 17: they're in forestry. In our forestry gets massive access. And

732
00:35:12,719 --> 00:35:15,480
Speaker 17: it doesn't just matter that they're getting access, it's that

733
00:35:15,960 --> 00:35:18,120
Speaker 17: India is a barrier country. So if you look at

734
00:35:18,200 --> 00:35:21,960
Speaker 17: Lamb as another example, we were doing really well with Lamb.

735
00:35:22,239 --> 00:35:26,120
Speaker 17: The Australian's got zero tariff access, totally ate our lunch overnight,

736
00:35:26,440 --> 00:35:29,120
Speaker 17: took all of our market share into India. We get

737
00:35:29,120 --> 00:35:33,359
Speaker 17: this agreement signed, then sheep meat for example, that we're

738
00:35:33,400 --> 00:35:35,960
Speaker 17: competitive with Australia. Again, I mean, it's just nuts not

739
00:35:36,080 --> 00:35:36,440
Speaker 17: to do this.

740
00:35:36,640 --> 00:35:39,080
Speaker 2: Ah, but I can find you two parties within the

741
00:35:39,080 --> 00:35:41,120
Speaker 2: Parliament that don't want to do it. Why can't you

742
00:35:41,200 --> 00:35:42,960
Speaker 2: convince them?

743
00:35:43,400 --> 00:35:45,520
Speaker 17: Well, I think they frankly have to look at the

744
00:35:45,560 --> 00:35:48,680
Speaker 17: overall facts in the round. So you take, for example,

745
00:35:48,760 --> 00:35:51,600
Speaker 17: this concern about immigration. Now, I know there's a lot

746
00:35:51,600 --> 00:35:54,120
Speaker 17: of people who feel that immigration has gone too far.

747
00:35:54,800 --> 00:35:57,400
Speaker 17: You talk to young people who work in South Auckland,

748
00:35:57,840 --> 00:36:02,040
Speaker 17: they're in property, real estate, trucking, say, and they will say, look,

749
00:36:02,120 --> 00:36:06,000
Speaker 17: you know there's too much migration. There's people from countries

750
00:36:06,040 --> 00:36:08,399
Speaker 17: that we don't feel we can connect with and you've

751
00:36:08,400 --> 00:36:11,920
Speaker 17: just got to stop this. But that's a legitimate concern

752
00:36:11,960 --> 00:36:13,640
Speaker 17: and one that I think will be addressed in the election,

753
00:36:13,719 --> 00:36:17,200
Speaker 17: including by us. However, if you look at the India

754
00:36:17,280 --> 00:36:20,600
Speaker 17: Free Trade Agreement, I mean, we get sixty thousand visas

755
00:36:20,600 --> 00:36:23,400
Speaker 17: issued each year in this country. The India Free Trade

756
00:36:23,400 --> 00:36:27,319
Speaker 17: Agreement adds about two and a half thousand, and many

757
00:36:27,320 --> 00:36:29,840
Speaker 17: of them will be people who could have otherwise come

758
00:36:29,920 --> 00:36:32,799
Speaker 17: on the uncapped visas we already offer. So if you're

759
00:36:32,840 --> 00:36:36,640
Speaker 17: angry about migration, okay, let's talk about that. But to

760
00:36:36,800 --> 00:36:40,200
Speaker 17: oppose this India Free Trade Agreement and all the opportunities

761
00:36:40,480 --> 00:36:43,480
Speaker 17: for everyone from Apple's to Kiwi fruit to Manuka honey

762
00:36:43,480 --> 00:36:47,600
Speaker 17: and baby formula from dairy, you know, to throw that

763
00:36:47,640 --> 00:36:50,640
Speaker 17: particular baby out with the bath water is not putting

764
00:36:50,680 --> 00:36:54,160
Speaker 17: our country's long term interests at heart, because we have

765
00:36:54,280 --> 00:36:55,960
Speaker 17: to work out how we pay our way. We think

766
00:36:55,960 --> 00:36:59,160
Speaker 17: with this world our incomes aren't matching that we think

767
00:36:59,239 --> 00:37:02,840
Speaker 17: that we have responsible budgeting, but our government has a

768
00:37:02,880 --> 00:37:05,839
Speaker 17: sea of reading stretching up for decades if you look

769
00:37:05,840 --> 00:37:08,440
Speaker 17: at the treasury accounts. So you know, these guys need

770
00:37:08,520 --> 00:37:12,359
Speaker 17: to frankly man up, mature up, and put the best

771
00:37:12,360 --> 00:37:14,600
Speaker 17: interests of the country at heart. Not what we saw

772
00:37:14,680 --> 00:37:17,359
Speaker 17: from Labor and New Zealand first and twenty seventeen where

773
00:37:17,360 --> 00:37:21,120
Speaker 17: they said they're opposed to the TPP for political purposes.

774
00:37:21,360 --> 00:37:24,200
Speaker 17: As soon as the election was over. What they did, well,

775
00:37:24,440 --> 00:37:26,440
Speaker 17: they called it the CPTPP and signed it.

776
00:37:26,680 --> 00:37:28,479
Speaker 2: All right, nice to talk to you, David Seymore, who's

777
00:37:28,480 --> 00:37:31,480
Speaker 2: the Deputy Prime Minister. We'll get McLay back on when

778
00:37:31,480 --> 00:37:33,200
Speaker 2: he lands back in the country because this is an

779
00:37:33,280 --> 00:37:36,360
Speaker 2: unfolding story and will be part of the election campaign.

780
00:37:36,440 --> 00:37:41,440
Speaker 2: Fourteen Past the Hike, Asking Breakfast Full Show podcast on

781
00:37:41,600 --> 00:37:45,799
Speaker 2: iHeartRadio powered by News Talks a B seventeen past seven

782
00:37:46,000 --> 00:37:48,600
Speaker 2: Shane Jones in the next half hour with the business

783
00:37:48,600 --> 00:37:50,920
Speaker 2: of oil and trades and all that sort of stuff. Anyway,

784
00:37:51,000 --> 00:37:53,759
Speaker 2: last week health looked at a recovery path. When we

785
00:37:53,760 --> 00:37:55,360
Speaker 2: were looking at health, it looked on some sort of

786
00:37:55,400 --> 00:37:58,759
Speaker 2: recovery path. Government's five indicators on service all tracking in

787
00:37:58,760 --> 00:38:00,799
Speaker 2: the right direction. This week we've got trouble apparently with

788
00:38:00,800 --> 00:38:04,600
Speaker 2: the kidney disease. Care services are chronically underfunded, huge variation

789
00:38:04,680 --> 00:38:07,000
Speaker 2: and care across the country. It's the old story. Demand

790
00:38:07,000 --> 00:38:09,920
Speaker 2: for dialysis is expected to write thirty percent over the

791
00:38:09,920 --> 00:38:13,040
Speaker 2: next decade. Brian Betty, Doctor Brian Betty is the chair

792
00:38:13,040 --> 00:38:15,160
Speaker 2: of the General Practice New Zealand People Needs Well. It's

793
00:38:15,200 --> 00:38:18,520
Speaker 2: Brian morning, morning, Mike. I can talk to you for ages.

794
00:38:18,560 --> 00:38:21,560
Speaker 2: I hope you will anyway, Is this any new? I

795
00:38:21,560 --> 00:38:23,719
Speaker 2: mean we haven't got any money. People in rural New

796
00:38:23,800 --> 00:38:26,399
Speaker 2: Zealand want services they can't get, and that'll be nice

797
00:38:26,400 --> 00:38:27,799
Speaker 2: if we did have money. We just don't.

798
00:38:29,120 --> 00:38:31,239
Speaker 18: Oh look, look, I think we've got a major problem here.

799
00:38:31,280 --> 00:38:34,040
Speaker 18: I mean we've been predicting this for the last fifteen years,

800
00:38:34,480 --> 00:38:38,240
Speaker 18: that there was an ongoing tsunami happening with kidney disease

801
00:38:38,880 --> 00:38:42,480
Speaker 18: driven primarily by the surge and diabetes across the country,

802
00:38:43,040 --> 00:38:45,120
Speaker 18: and this was going to be a problem. We're now

803
00:38:45,200 --> 00:38:47,440
Speaker 18: seen in the problem. I'm glad we're talking about it

804
00:38:47,480 --> 00:38:50,680
Speaker 18: because this is hidden in the system, and this is

805
00:38:50,840 --> 00:38:56,920
Speaker 18: high cost, high invention medicine that's required, and we've totally

806
00:38:56,960 --> 00:38:58,160
Speaker 18: not planned for this happening.

807
00:38:59,040 --> 00:39:00,920
Speaker 2: Should we have as there another way? How do I

808
00:39:00,960 --> 00:39:03,040
Speaker 2: put this delicately? If people put on a lot of

809
00:39:03,040 --> 00:39:05,399
Speaker 2: weight and don't move, they might end up with type

810
00:39:05,440 --> 00:39:08,240
Speaker 2: two diabetes, which means they need dialysis. Is there something

811
00:39:08,320 --> 00:39:10,759
Speaker 2: there that we could message to save ourselves some long

812
00:39:10,800 --> 00:39:11,360
Speaker 2: term issues?

813
00:39:12,280 --> 00:39:12,440
Speaker 9: Oh?

814
00:39:12,480 --> 00:39:15,920
Speaker 18: Look, I think that's too simple to describe the problem.

815
00:39:15,920 --> 00:39:19,240
Speaker 18: We've got no doubt lifestyle has a part to play,

816
00:39:19,280 --> 00:39:22,560
Speaker 18: we know that, but we also know that metabolism and

817
00:39:22,600 --> 00:39:25,680
Speaker 18: genetics play a big, big part of what's happening. What

818
00:39:25,800 --> 00:39:29,320
Speaker 18: we've seen is mari and Pacific in particular, are developing

819
00:39:29,360 --> 00:39:34,239
Speaker 18: diabetes and kidney disease fifteen years younger than European That

820
00:39:34,400 --> 00:39:38,560
Speaker 18: is just not diet alone or exercise. There's absolutely a

821
00:39:38,600 --> 00:39:40,960
Speaker 18: whole lot of other really complex factors going on that

822
00:39:40,960 --> 00:39:42,760
Speaker 18: we're only just starting to cover.

823
00:39:42,880 --> 00:39:44,319
Speaker 2: As part of the problem. We're in the middle of

824
00:39:44,320 --> 00:39:46,040
Speaker 2: a war and we've got the money, and this message

825
00:39:46,080 --> 00:39:49,160
Speaker 2: gets a bit lost in the crossfire, no pun intended.

826
00:39:51,040 --> 00:39:53,040
Speaker 18: Look, look, I think this message has been lost over

827
00:39:53,080 --> 00:39:55,400
Speaker 18: the last ten fifteen years. We just haven't planned a

828
00:39:55,400 --> 00:39:57,880
Speaker 18: head for this happening. We've been predicting this was going

829
00:39:57,920 --> 00:40:00,440
Speaker 18: to happen. We're predicting it was going to be a problem,

830
00:40:00,920 --> 00:40:03,239
Speaker 18: and we've now got it. So yeah, we have to

831
00:40:03,280 --> 00:40:06,399
Speaker 18: address it. If people don't get access to dialysis, they die.

832
00:40:06,440 --> 00:40:09,680
Speaker 18: It's as simple as that. We have increasing numbers occurring.

833
00:40:09,760 --> 00:40:12,560
Speaker 18: We need to address that. We actually need to have

834
00:40:12,880 --> 00:40:15,759
Speaker 18: access to good primary care general practice to actually do

835
00:40:15,840 --> 00:40:18,440
Speaker 18: something about things at the front of the problem, right

836
00:40:18,520 --> 00:40:21,840
Speaker 18: up front when people are diagnosed. So yeah, we have

837
00:40:21,920 --> 00:40:24,600
Speaker 18: to think really hard about what to do here. Otherwise

838
00:40:24,719 --> 00:40:27,120
Speaker 18: this is an issue that starts to undermine the health

839
00:40:27,120 --> 00:40:28,799
Speaker 18: system going forward in terms of cost.

840
00:40:29,080 --> 00:40:31,520
Speaker 2: Ran appreciate it, Doctor Brian Betty, Chair of the General

841
00:40:31,520 --> 00:40:33,960
Speaker 2: Practice in New Zealand. Mike, when is Chris Hopkins resigning?

842
00:40:33,960 --> 00:40:35,480
Speaker 2: I'm getting a lot of that. I'm assuming the some

843
00:40:35,600 --> 00:40:40,000
Speaker 2: online campaign going, antimedia campaign going in this country that

844
00:40:40,360 --> 00:40:42,760
Speaker 2: I told you what happened. I told you last week Wednesday, Thursday,

845
00:40:42,840 --> 00:40:44,399
Speaker 2: last week, I told you this is how the media

846
00:40:44,440 --> 00:40:46,960
Speaker 2: operates in this country. So this is Hipkins. This is

847
00:40:47,000 --> 00:40:49,280
Speaker 2: his knowledge around the vaccine, all that sort of stuff.

848
00:40:49,480 --> 00:40:51,920
Speaker 2: I said. They barely give it scant regard, which they did.

849
00:40:51,920 --> 00:40:53,480
Speaker 2: A couple of the digital sites gave it a bit

850
00:40:53,520 --> 00:40:55,479
Speaker 2: of coverage over the weekend. Apart from that, it's gone.

851
00:40:55,480 --> 00:40:57,040
Speaker 2: The sooner they want it gone, the better it is

852
00:40:57,080 --> 00:40:59,840
Speaker 2: for them. They don't like Chris Hopkins being beaten up.

853
00:40:59,880 --> 00:41:02,439
Speaker 2: So the answer is Chrishipkins isn't resigning. The story is over,

854
00:41:03,000 --> 00:41:04,719
Speaker 2: simple as that. Seven twenty.

855
00:41:06,360 --> 00:41:10,520
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856
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857
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860
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865
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868
00:41:44,200 --> 00:41:47,200
Speaker 2: can create the winning proposals faster, You're going to do

869
00:41:47,239 --> 00:41:49,279
Speaker 2: them at a lower cost, and you're going to have

870
00:41:49,280 --> 00:41:51,439
Speaker 2: a much higher success right whin when win. You don't

871
00:41:51,440 --> 00:41:53,680
Speaker 2: want to be the last among your competitors to use

872
00:41:53,719 --> 00:41:55,239
Speaker 2: the AI to help you win the tenders and the

873
00:41:55,320 --> 00:41:58,440
Speaker 2: RFPs either, because if you need to grow your profitable

874
00:41:58,480 --> 00:42:02,920
Speaker 2: market share one net co dot nz for a complementary consultation,

875
00:42:03,400 --> 00:42:06,239
Speaker 2: they will assess how your business can whin more RFPs

876
00:42:06,239 --> 00:42:09,200
Speaker 2: with Grizzly. So you got one net, you got Grizzly.

877
00:42:09,360 --> 00:42:11,960
Speaker 2: They're going to help you succeed in business with AI.

878
00:42:12,360 --> 00:42:17,120
Speaker 2: It's that simple. B U queen Oski seven twenty four

879
00:42:17,400 --> 00:42:19,840
Speaker 2: from our Don't Waste a Crisis file? Is it possible

880
00:42:19,880 --> 00:42:22,520
Speaker 2: as government's handling thus far of oil events might well

881
00:42:22,560 --> 00:42:25,560
Speaker 2: see them rewarded with an increased level of supporters. The

882
00:42:25,560 --> 00:42:28,960
Speaker 2: election draws closer. Initial reaction think about this, when the

883
00:42:28,960 --> 00:42:31,359
Speaker 2: war broke out and oil went up was twofold right

884
00:42:31,400 --> 00:42:34,239
Speaker 2: one around the economy, the rebound, the resurgence that we

885
00:42:34,320 --> 00:42:36,359
Speaker 2: had seen may well be yet again off. As Nick

886
00:42:36,400 --> 00:42:38,680
Speaker 2: was telling us a moment ago and then two ah,

887
00:42:38,719 --> 00:42:41,000
Speaker 2: the poor government work their butts off, trim the budget,

888
00:42:41,080 --> 00:42:42,919
Speaker 2: changed the laws, got rid of the mess. At last

889
00:42:43,040 --> 00:42:45,800
Speaker 2: was seeing the fruits of the labor and bang epic fury.

890
00:42:46,200 --> 00:42:50,160
Speaker 2: Next question, so far unanswered here is will the government

891
00:42:50,160 --> 00:42:52,640
Speaker 2: of the day take the political heat because of the

892
00:42:52,640 --> 00:42:55,360
Speaker 2: cost of living being up even though it's none of

893
00:42:55,360 --> 00:42:58,600
Speaker 2: their fault. Partial answer comes to us from Australia and

894
00:42:58,640 --> 00:43:00,960
Speaker 2: their polling, and that answer is no. The war and

895
00:43:01,040 --> 00:43:05,239
Speaker 2: its associated economic artworkings falls entirely on America. In fact,

896
00:43:05,239 --> 00:43:07,480
Speaker 2: polling in America shows the same thing. This is on Trump.

897
00:43:07,960 --> 00:43:10,600
Speaker 2: As I said last week, New Zealand versus Australia in

898
00:43:10,640 --> 00:43:13,480
Speaker 2: terms of messaging and organization and reaction and action, it's

899
00:43:13,520 --> 00:43:16,960
Speaker 2: not even a contest. Australia is a hot mess of confusion.

900
00:43:17,000 --> 00:43:19,279
Speaker 2: Claim and counterclaim in a growing bitch session between the

901
00:43:19,280 --> 00:43:23,319
Speaker 2: State and Canberra. Here it would seem close to faultless. Now,

902
00:43:23,360 --> 00:43:25,719
Speaker 2: for those upset over the lack of free money so far,

903
00:43:25,840 --> 00:43:28,800
Speaker 2: you might not agree with it, but you can't blame

904
00:43:28,840 --> 00:43:31,040
Speaker 2: the messaging or say it hasn't been explained to you.

905
00:43:31,480 --> 00:43:34,360
Speaker 2: Yesterday's llenng explanation from the Prime Minster on this program,

906
00:43:34,400 --> 00:43:37,000
Speaker 2: for example, you said it either stacks up for it doesn't,

907
00:43:37,480 --> 00:43:40,600
Speaker 2: and that's what we desperately need more of. Not ideology,

908
00:43:40,960 --> 00:43:44,520
Speaker 2: not fields, not obsessions, just stats, numbers and facts. Does

909
00:43:44,560 --> 00:43:48,040
Speaker 2: it work? Does it not? The oil numbers yesterday seem

910
00:43:48,120 --> 00:43:51,680
Speaker 2: reassuringly well organized. We are clearly hustling and so far

911
00:43:51,760 --> 00:43:56,120
Speaker 2: it's clearly working. Messaging about what it isn't I this

912
00:43:56,280 --> 00:43:59,320
Speaker 2: isn't COVID, This isn't about sourdough or animals and windows.

913
00:43:59,360 --> 00:44:02,680
Speaker 2: This isn't about hugs and kindness and all the other bs.

914
00:44:03,000 --> 00:44:06,040
Speaker 2: It's about adults and organization and getting stuff done as

915
00:44:06,080 --> 00:44:09,080
Speaker 2: best you can in an environment that is one largely

916
00:44:09,080 --> 00:44:11,360
Speaker 2: beyond your control, and two in a country that is

917
00:44:11,400 --> 00:44:14,160
Speaker 2: at the end of a very long supply chain at

918
00:44:14,200 --> 00:44:16,799
Speaker 2: the bottom of the world. Although we wouldn't wish any

919
00:44:16,840 --> 00:44:18,919
Speaker 2: of this, of course, on our worst enemy. So far,

920
00:44:19,040 --> 00:44:22,040
Speaker 2: so good, and for what looks like to my mind

921
00:44:22,040 --> 00:44:25,120
Speaker 2: a seriously competent government, and one that might get some

922
00:44:25,160 --> 00:44:28,200
Speaker 2: support simply because when it hit the fan, they were

923
00:44:28,320 --> 00:44:31,680
Speaker 2: up for it and not making it up pasking. And

924
00:44:31,760 --> 00:44:33,680
Speaker 2: that's the other thing with the Hepkins. There's a campaign

925
00:44:33,719 --> 00:44:36,399
Speaker 2: on the moraification at the moment. One of the act

926
00:44:36,560 --> 00:44:40,200
Speaker 2: MP's Todd Stevenson, has been busy writing to Judith Collins,

927
00:44:40,800 --> 00:44:42,560
Speaker 2: Minister of the State Service, and go, well, all that

928
00:44:42,600 --> 00:44:45,000
Speaker 2: promise we made in the coalition about the moraification, all

929
00:44:45,000 --> 00:44:47,160
Speaker 2: the married names and stuff, what's going on. She's come

930
00:44:47,160 --> 00:44:48,719
Speaker 2: back and goes, oh, a bit worried about the cost.

931
00:44:48,800 --> 00:44:51,600
Speaker 2: Now you see, this is what a war does. War

932
00:44:51,680 --> 00:44:54,720
Speaker 2: takes the heat and the spotlight off all the issues

933
00:44:54,719 --> 00:44:58,439
Speaker 2: you were obsessed about prior to the war. So Moraifications off,

934
00:44:58,520 --> 00:44:59,839
Speaker 2: Hepkins resignations are.

935
00:45:00,080 --> 00:45:00,719
Speaker 9: It's all off.

936
00:45:01,400 --> 00:45:05,440
Speaker 2: And until until Trump takes carg installs on Watson's face

937
00:45:05,760 --> 00:45:08,000
Speaker 2: and goes home, all the stories are off. There is

938
00:45:08,040 --> 00:45:11,200
Speaker 2: no news apart from Shane and the oil deals, of

939
00:45:11,239 --> 00:45:13,120
Speaker 2: which we will build into in a couple of moments

940
00:45:13,239 --> 00:45:15,760
Speaker 2: now I think you're going to might like Matt Lambert

941
00:45:16,040 --> 00:45:18,640
Speaker 2: got a Michelin star in New York. He's back home

942
00:45:18,680 --> 00:45:20,920
Speaker 2: to bring the flair to our hostpo scene. He's with

943
00:45:21,040 --> 00:45:21,920
Speaker 2: us after racing.

944
00:45:23,640 --> 00:45:27,680
Speaker 1: No fluff, just facts and fierce debate the mic Hosking

945
00:45:27,719 --> 00:45:32,120
Speaker 1: Breakfast with Range Rover Sport SV the Ultimate Performance SUV

946
00:45:32,320 --> 00:45:33,160
Speaker 1: News togs dead.

947
00:45:33,040 --> 00:45:35,319
Speaker 2: V twenty three minutes away from aid right for so

948
00:45:35,480 --> 00:45:39,080
Speaker 2: called fuel crisis, whereas a logistics exercise is getting quite interesting.

949
00:45:39,120 --> 00:45:42,520
Speaker 2: I thought, anyway, with unsolicited approaches from foreign players offering

950
00:45:42,560 --> 00:45:44,360
Speaker 2: to take the tickets we have for Royal and swap

951
00:45:44,360 --> 00:45:46,760
Speaker 2: them out for fuel, we can actually use. Shane Jones

952
00:45:46,800 --> 00:45:49,240
Speaker 2: is Associate Administer of Energy, of course, and his chargeable

953
00:45:49,239 --> 00:45:50,080
Speaker 2: all of this, and he's with us.

954
00:45:50,080 --> 00:45:52,600
Speaker 19: Good morning to you, Hey morning folks.

955
00:45:52,800 --> 00:45:56,359
Speaker 2: These players that you're dealing with, these unsolicited approaches, Who

956
00:45:56,440 --> 00:45:57,840
Speaker 2: are they and are they legit?

957
00:45:59,800 --> 00:45:59,840
Speaker 9: No?

958
00:46:00,040 --> 00:46:02,080
Speaker 19: I know they definitely are legit, but they have to

959
00:46:02,120 --> 00:46:04,400
Speaker 19: go through an exacting process. So in the event we

960
00:46:04,480 --> 00:46:07,680
Speaker 19: do have to do something with them on behalf of

961
00:46:07,760 --> 00:46:12,080
Speaker 19: the crown, We're not going to be foolish. Where do

962
00:46:12,160 --> 00:46:15,319
Speaker 19: they come from? Their people that in the cases that

963
00:46:16,280 --> 00:46:20,680
Speaker 19: have been in contact with both MBA and ourselves. They're

964
00:46:20,680 --> 00:46:23,440
Speaker 19: either known to us, they've lived in New Zealand, they

965
00:46:23,480 --> 00:46:27,640
Speaker 19: are Kiwis, and the options that they have though don't

966
00:46:27,719 --> 00:46:30,719
Speaker 19: last long. I don't think many of US kiwis appreciate

967
00:46:30,760 --> 00:46:33,200
Speaker 19: how dire the situation is up in parts of Asia.

968
00:46:33,320 --> 00:46:36,320
Speaker 19: So if there is a ship, if there is an option,

969
00:46:36,920 --> 00:46:38,800
Speaker 19: then they're gone within seventy two hours.

970
00:46:38,840 --> 00:46:41,600
Speaker 2: That's what I thought was interesting. You're explaining yesterday, So

971
00:46:41,680 --> 00:46:44,080
Speaker 2: these people ring up and what do they have? Do

972
00:46:44,120 --> 00:46:47,680
Speaker 2: they have literally our ship or ships?

973
00:46:47,960 --> 00:46:54,080
Speaker 19: Yeah? They often are very very definite and at a

974
00:46:54,200 --> 00:46:57,359
Speaker 19: very finicky level, because we've got some pretty exacting standards

975
00:46:57,400 --> 00:47:01,480
Speaker 19: in order to bring fuel into the country, both access

976
00:47:01,520 --> 00:47:05,640
Speaker 19: to consignments associated with the refineries. But now that the

977
00:47:05,719 --> 00:47:09,759
Speaker 19: Aussies have broken cover and apparently they're going to underwrite

978
00:47:09,760 --> 00:47:14,240
Speaker 19: the importation of fuel, that's got a rush on potential vessels.

979
00:47:14,280 --> 00:47:17,040
Speaker 19: So it's a bit of a mad scramble. That's not

980
00:47:17,120 --> 00:47:20,280
Speaker 19: to say that we're giving up on the fuel companies,

981
00:47:20,280 --> 00:47:25,600
Speaker 19: because they will be substantially punished both legally and financially

982
00:47:25,640 --> 00:47:27,399
Speaker 19: if they don't live up to their word. And they're

983
00:47:27,440 --> 00:47:30,160
Speaker 19: the ones who wanted this system, so rightly or wrongly,

984
00:47:30,239 --> 00:47:33,280
Speaker 19: I took them at their word right and I said, Okay,

985
00:47:33,440 --> 00:47:36,200
Speaker 19: you guys know how to keep New Zealand afloat. But

986
00:47:36,480 --> 00:47:40,320
Speaker 19: the political downside is that the national security question always

987
00:47:40,360 --> 00:47:42,760
Speaker 19: remains with the government, not just the commercial companies.

988
00:47:42,800 --> 00:47:45,920
Speaker 2: No exactly, But you've as just reiterate what you said yesterday.

989
00:47:45,920 --> 00:47:48,200
Speaker 2: I think you've heard nothing from them at all that

990
00:47:48,239 --> 00:47:52,279
Speaker 2: would give you any pause for thought at the stone.

991
00:47:52,360 --> 00:47:56,920
Speaker 19: None. Yeah, no, no, not one iota. The difficulty what

992
00:47:56,960 --> 00:48:00,439
Speaker 19: we're dealing with, mate, even if we were to work

993
00:48:00,520 --> 00:48:03,400
Speaker 19: with them and underwriters, the Aussies appear to be doing

994
00:48:04,239 --> 00:48:08,239
Speaker 19: the arrival of greater volumes of fuel. Where are you

995
00:48:08,280 --> 00:48:10,160
Speaker 19: going to store it? Okay, we've got to have a

996
00:48:10,200 --> 00:48:13,640
Speaker 19: ship bobbing off the coast of Marsden Point for a while,

997
00:48:13,640 --> 00:48:16,440
Speaker 19: and then someone's going to pay for that ship to

998
00:48:16,600 --> 00:48:18,719
Speaker 19: sit there and do nothing while we draw it down.

999
00:48:18,760 --> 00:48:22,319
Speaker 19: But all of this is traceable back. And there's an

1000
00:48:22,320 --> 00:48:27,200
Speaker 19: old saying that there's an old saying that old sins

1001
00:48:27,239 --> 00:48:29,799
Speaker 19: cast long shadows. And the reality is, once we close

1002
00:48:29,840 --> 00:48:33,080
Speaker 19: down the refinery, we're stuck with in adequate storage.

1003
00:48:33,280 --> 00:48:35,959
Speaker 2: Yes we are, presumably we're going to fix that over time.

1004
00:48:35,960 --> 00:48:37,680
Speaker 2: But for the here and now, these people who have

1005
00:48:37,719 --> 00:48:41,160
Speaker 2: approached you prices and margins, are you paying through the nose?

1006
00:48:41,280 --> 00:48:43,880
Speaker 2: Is that why they're doing business or is their proper

1007
00:48:43,920 --> 00:48:45,040
Speaker 2: business to be done?

1008
00:48:45,960 --> 00:48:46,040
Speaker 14: No.

1009
00:48:46,239 --> 00:48:49,480
Speaker 19: The difficulty we've got is that the feed stock that

1010
00:48:49,800 --> 00:48:53,800
Speaker 19: sustains all of the refineries in the Asia Pacific region

1011
00:48:54,440 --> 00:48:58,000
Speaker 19: largely comes from the Middle East. So for as long

1012
00:48:58,040 --> 00:49:01,920
Speaker 19: as there's a disruptiveness in the supply, they've managed to

1013
00:49:02,040 --> 00:49:07,120
Speaker 19: say afloat by using the cushion they already have our head,

1014
00:49:07,160 --> 00:49:09,400
Speaker 19: shall I say. And then they had access to some

1015
00:49:09,440 --> 00:49:13,280
Speaker 19: of the vessels with Iranian fuel because obviously the President

1016
00:49:13,320 --> 00:49:14,759
Speaker 19: of America allowed.

1017
00:49:14,400 --> 00:49:15,000
Speaker 12: That to happen.

1018
00:49:15,440 --> 00:49:17,880
Speaker 19: And then they've been able to get access to Russian stuff.

1019
00:49:17,960 --> 00:49:22,080
Speaker 19: Then we release keywis our government with the rest.

1020
00:49:21,880 --> 00:49:22,320
Speaker 12: Of the world.

1021
00:49:22,320 --> 00:49:26,959
Speaker 19: Four hundred million barrels. Now that's all being soaked through

1022
00:49:26,960 --> 00:49:30,640
Speaker 19: the system. Now we've got to work out are we

1023
00:49:30,719 --> 00:49:32,440
Speaker 19: going to be at the front of the queue? Can

1024
00:49:32,480 --> 00:49:36,759
Speaker 19: we work effectively with independent parties and work constructively with

1025
00:49:36,800 --> 00:49:40,520
Speaker 19: the existing fuel importers to ensure that we don't run out.

1026
00:49:40,680 --> 00:49:42,600
Speaker 19: But a lot of this is traceable. I have to

1027
00:49:42,640 --> 00:49:46,319
Speaker 19: tell you again, to these Grengoons who believe that by

1028
00:49:46,560 --> 00:49:49,920
Speaker 19: deprecating demonizing fossil fuel, somehow you're going to make New

1029
00:49:50,000 --> 00:49:52,720
Speaker 19: Zealand safer. And as I said, you know, old screw

1030
00:49:52,760 --> 00:49:54,360
Speaker 19: ups cast long shadows.

1031
00:49:54,360 --> 00:49:58,160
Speaker 2: Bro Yes they do. How agile are the people we're

1032
00:49:58,160 --> 00:50:01,560
Speaker 2: dealing with in terms of Singapore, Malaysia and Korea in

1033
00:50:01,640 --> 00:50:05,120
Speaker 2: their ability to go to different markets like America, like Canada,

1034
00:50:05,200 --> 00:50:08,200
Speaker 2: South America and Africa to get different source.

1035
00:50:09,200 --> 00:50:11,360
Speaker 19: No doubt they are doing that as we speact. But

1036
00:50:11,480 --> 00:50:14,160
Speaker 19: what we've been warned by the people that we know

1037
00:50:14,280 --> 00:50:16,920
Speaker 19: in Singapore and people that I've dealt with in my

1038
00:50:17,400 --> 00:50:19,640
Speaker 19: rather forlorn attempt to bring them back to New Zealand

1039
00:50:19,719 --> 00:50:22,840
Speaker 19: to redevelop the gas industry after that was canceled by Desinda,

1040
00:50:23,000 --> 00:50:27,399
Speaker 19: that political fugitive from electoral justice. They are warning us

1041
00:50:27,440 --> 00:50:32,160
Speaker 19: that the refineries have largely become decked out to cope

1042
00:50:32,440 --> 00:50:36,799
Speaker 19: with feedstock from the Middle East, so they'll be some

1043
00:50:37,000 --> 00:50:39,680
Speaker 19: transitional work they all have to do in order to

1044
00:50:40,280 --> 00:50:43,040
Speaker 19: enjoy substitution options.

1045
00:50:44,520 --> 00:50:47,799
Speaker 2: JP Morgan says the last shipments for this country are

1046
00:50:47,840 --> 00:50:50,880
Speaker 2: likely to arrive twenty of April. Do they know that

1047
00:50:51,040 --> 00:50:52,799
Speaker 2: or are they making that up? And do you know that.

1048
00:50:53,680 --> 00:50:56,960
Speaker 19: Yeah, are they just modeling that is not consistent with

1049
00:50:57,040 --> 00:51:02,040
Speaker 19: what we've been told by Mobile or Ampole. But I

1050
00:51:02,080 --> 00:51:04,880
Speaker 19: just want Kiwis to bear in mind, this is the

1051
00:51:04,880 --> 00:51:08,799
Speaker 19: model that these guys wanted. Now, rightly or wrongly, Kiwis

1052
00:51:08,840 --> 00:51:13,120
Speaker 19: and various governments said, okay, we'll trust this model of

1053
00:51:13,200 --> 00:51:17,640
Speaker 19: the international oil companies arriving just in time. So there

1054
00:51:17,680 --> 00:51:20,600
Speaker 19: is a bit. You know, they're doing the best they can,

1055
00:51:20,680 --> 00:51:22,680
Speaker 19: and they're staying within the law and they're observing their

1056
00:51:22,719 --> 00:51:25,960
Speaker 19: obligations as we speak, but there's lots of modeling happening

1057
00:51:26,360 --> 00:51:29,200
Speaker 19: thing about America. Mike, It's got to bear in mind.

1058
00:51:29,280 --> 00:51:32,279
Speaker 19: It'll take, according to our fuel study report, which is

1059
00:51:32,320 --> 00:51:36,000
Speaker 19: published through the MBI website, up to forty seven days

1060
00:51:36,040 --> 00:51:39,160
Speaker 19: on a good day to get fuel from America, and

1061
00:51:39,239 --> 00:51:43,120
Speaker 19: if we were to rely upon them and get them

1062
00:51:43,160 --> 00:51:48,479
Speaker 19: to process the fuel stocks that we have in terms

1063
00:51:48,480 --> 00:51:50,719
Speaker 19: of virtual fuel through the ticket system, it could be

1064
00:51:50,760 --> 00:51:53,120
Speaker 19: up to one hundred days. So we cannot afford to

1065
00:51:53,120 --> 00:51:53,520
Speaker 19: sit back.

1066
00:51:55,600 --> 00:51:57,560
Speaker 2: I don't know whether this is disgusted at cabinet, and

1067
00:51:57,560 --> 00:52:00,040
Speaker 2: even if it is, you wouldn't tell me. But do so,

1068
00:52:00,239 --> 00:52:03,080
Speaker 2: Are you aware or are we aware? As a country

1069
00:52:03,080 --> 00:52:07,080
Speaker 2: through diplomatic channels of whether America cares less about you.

1070
00:52:07,360 --> 00:52:10,040
Speaker 2: Most of Asian countries like us in terms of access

1071
00:52:10,040 --> 00:52:12,400
Speaker 2: to oil. In other words, are they interested in our

1072
00:52:12,520 --> 00:52:15,600
Speaker 2: plight or the global plight economically, or they're too busy

1073
00:52:15,640 --> 00:52:17,120
Speaker 2: looking after themselves and fighting a war.

1074
00:52:18,800 --> 00:52:21,880
Speaker 19: Well, the ideology is called America.

1075
00:52:21,480 --> 00:52:24,120
Speaker 2: First, so they don't care.

1076
00:52:25,520 --> 00:52:29,000
Speaker 19: Well, I've never had anyone assure me from the oil

1077
00:52:29,040 --> 00:52:35,800
Speaker 19: industry that they have access to a better option from America.

1078
00:52:36,400 --> 00:52:40,240
Speaker 19: They are focused on multiple other sources for the feedstocks.

1079
00:52:40,719 --> 00:52:44,400
Speaker 19: We are going to work with the International Economic Agency

1080
00:52:44,960 --> 00:52:48,200
Speaker 19: to redeem our options, which will give US nine hundred

1081
00:52:48,200 --> 00:52:51,640
Speaker 19: and sixty million liters of fuel. It is stored in Japan,

1082
00:52:51,920 --> 00:52:57,040
Speaker 19: stored in America. However, those options will require refining, and

1083
00:52:57,160 --> 00:53:01,960
Speaker 19: our refineries are located in Singapore Asia Southeast Asia, so

1084
00:53:02,560 --> 00:53:06,480
Speaker 19: it's a substantial logistical exercise. But fortunately there's some fellow

1085
00:53:06,520 --> 00:53:09,279
Speaker 19: minded Kiwis who of their own volition have reached out

1086
00:53:09,640 --> 00:53:11,880
Speaker 19: both to my office and I suspect a lots to

1087
00:53:12,000 --> 00:53:16,040
Speaker 19: Nikola who are really keen to ensure that Kiwi's moved

1088
00:53:16,040 --> 00:53:20,040
Speaker 19: through this transition. I mean, it's difficult to avoid catastrophizing it.

1089
00:53:20,120 --> 00:53:23,600
Speaker 19: But the reality is these are large, global, sophisticated companies

1090
00:53:24,200 --> 00:53:28,239
Speaker 19: and today they have assured us that they are continually

1091
00:53:28,760 --> 00:53:32,680
Speaker 19: able to observe their fuel obligations and bring fuel to

1092
00:53:32,760 --> 00:53:35,880
Speaker 19: New Zealand. We're just being proactive in the event as

1093
00:53:35,960 --> 00:53:39,320
Speaker 19: circumstances emerge that we have to use the sovereign powers

1094
00:53:39,320 --> 00:53:40,759
Speaker 19: of our government, then we will do so.

1095
00:53:41,120 --> 00:53:43,600
Speaker 2: Appreciate time as always, Shane Jones, who is the Associate

1096
00:53:43,640 --> 00:53:46,280
Speaker 2: Minister of Energy, you're reassured by that. Seven to forty

1097
00:53:46,280 --> 00:53:48,080
Speaker 2: five The.

1098
00:53:47,920 --> 00:53:52,359
Speaker 1: Mic Asking Breakers Full Show podcast on iHeartRadio powered by

1099
00:53:52,400 --> 00:53:53,160
Speaker 1: News Talks at be.

1100
00:53:55,840 --> 00:53:59,279
Speaker 2: So twelve minutes away from make a very good piece

1101
00:53:59,320 --> 00:54:02,480
Speaker 2: written by Ben Thomas in the post I think over

1102
00:54:02,480 --> 00:54:05,520
Speaker 2: the weekend the Labor Party party ahead in the polls

1103
00:54:05,520 --> 00:54:07,319
Speaker 2: but absent in the moment. The reason I mentioned that

1104
00:54:07,320 --> 00:54:08,719
Speaker 2: I thought it was a very good headline apart from

1105
00:54:08,719 --> 00:54:11,279
Speaker 2: anything else. But you listened to Shane Jones and you

1106
00:54:11,280 --> 00:54:14,200
Speaker 2: watch him yesterday and Luxon was smiling. The problem with

1107
00:54:14,239 --> 00:54:15,880
Speaker 2: Luxany's too nice a guy to put the boot in.

1108
00:54:15,920 --> 00:54:19,040
Speaker 2: But this is all at the doorstep and the feet

1109
00:54:19,080 --> 00:54:21,279
Speaker 2: of the Labor Party and what he means if you're

1110
00:54:21,280 --> 00:54:23,880
Speaker 2: not up on this and the just in time system

1111
00:54:23,960 --> 00:54:25,680
Speaker 2: is what we have in this country. When Marsden got

1112
00:54:25,680 --> 00:54:28,560
Speaker 2: closed down, the oil company said, don't worry about it.

1113
00:54:28,600 --> 00:54:30,719
Speaker 2: We like running a just in time system. We'll look

1114
00:54:30,760 --> 00:54:32,320
Speaker 2: after it. No problems at all. You don't need a

1115
00:54:32,360 --> 00:54:34,480
Speaker 2: lot of storage. What could possibly go wrong?

1116
00:54:34,800 --> 00:54:35,000
Speaker 19: There?

1117
00:54:35,120 --> 00:54:37,880
Speaker 2: Goes to cabinet. Megan Woods goes, oh, what could possibly

1118
00:54:37,920 --> 00:54:40,319
Speaker 2: go wrong? We don't need a lot of storage. The rest,

1119
00:54:40,360 --> 00:54:43,279
Speaker 2: as they say, is history. Shane Jones is I think

1120
00:54:43,400 --> 00:54:49,520
Speaker 2: rightly reveling in his moment of saying I told you so.

1121
00:54:49,520 --> 00:54:51,160
Speaker 2: So he's got the feet to the fire of the

1122
00:54:51,400 --> 00:54:53,680
Speaker 2: oil companies because they wanted the system. They've got to

1123
00:54:53,680 --> 00:54:56,240
Speaker 2: deliver on this, and so far, so good. That's encouraging.

1124
00:54:56,560 --> 00:54:58,839
Speaker 2: I like the idea that there are new Zealanders out

1125
00:54:58,880 --> 00:55:01,839
Speaker 2: there who can hustle bit and get some ships here.

1126
00:55:01,920 --> 00:55:04,879
Speaker 2: But then you get into the problem. So there's three

1127
00:55:04,960 --> 00:55:08,399
Speaker 2: things happening. One is price. None of us like paying

1128
00:55:08,440 --> 00:55:10,920
Speaker 2: what we're paying, but you know, most of us can

1129
00:55:10,960 --> 00:55:12,520
Speaker 2: suck it up for a while and we'll do that.

1130
00:55:13,040 --> 00:55:15,560
Speaker 2: One is supply is there the oil out there to

1131
00:55:15,640 --> 00:55:19,360
Speaker 2: actually get our hands on. That would increasingly to my mind,

1132
00:55:19,440 --> 00:55:24,239
Speaker 2: seem to be yes. We can if we hustle. But

1133
00:55:24,400 --> 00:55:27,560
Speaker 2: the third part is if we could get as much

1134
00:55:27,600 --> 00:55:30,520
Speaker 2: oil as we wanted at the moment, where would we

1135
00:55:30,600 --> 00:55:33,640
Speaker 2: put it? And the answer is we don't have anywhere

1136
00:55:33,640 --> 00:55:36,200
Speaker 2: to put it. That's why places like Japan we've got

1137
00:55:36,239 --> 00:55:39,040
Speaker 2: two hundred and fifty days and we've got about fifty max,

1138
00:55:39,080 --> 00:55:43,080
Speaker 2: and that includes the stuff that's on the water. One

1139
00:55:43,080 --> 00:55:47,240
Speaker 2: would hope we may come out of this having learned

1140
00:55:47,280 --> 00:55:51,319
Speaker 2: some pretty hard lessons and do something about it. But

1141
00:55:51,360 --> 00:55:53,719
Speaker 2: one also wonders whether there are certain people in the

1142
00:55:53,880 --> 00:55:57,120
Speaker 2: political sphere who would make the same mistakes all over again.

1143
00:55:57,239 --> 00:56:00,279
Speaker 2: If given the chance Nie to wait of.

1144
00:56:00,560 --> 00:56:04,799
Speaker 1: Hosking breakfast with Bailey's real estate news dogs, they'd be serving.

1145
00:56:04,520 --> 00:56:06,120
Speaker 2: Away from it. So in the UK, what can I

1146
00:56:06,160 --> 00:56:08,560
Speaker 2: tell you Rod? After right thirty this morning, they're starting

1147
00:56:08,560 --> 00:56:10,600
Speaker 2: to get a angsty around the part. But what have

1148
00:56:10,640 --> 00:56:14,440
Speaker 2: they done? Low income households getting some money off heating oil.

1149
00:56:15,520 --> 00:56:18,160
Speaker 2: That's part of a fifty three million dollar or pound package,

1150
00:56:18,160 --> 00:56:21,959
Speaker 2: and that's giving that Britain is sixty six million people

1151
00:56:21,960 --> 00:56:23,560
Speaker 2: and growing. It's not much money. They're thrown at that

1152
00:56:23,640 --> 00:56:26,160
Speaker 2: Ireland because they've got no money. I mean, coming out

1153
00:56:26,160 --> 00:56:28,319
Speaker 2: of COVID. There are many economies around the world that

1154
00:56:28,480 --> 00:56:33,680
Speaker 2: simply don't have the bandwidth debt wise to start handing

1155
00:56:33,760 --> 00:56:36,839
Speaker 2: up money. Ireland taxes on petrol and diesel are cut.

1156
00:56:36,920 --> 00:56:38,920
Speaker 2: Levy's also going to be reduced on the price of

1157
00:56:38,960 --> 00:56:41,960
Speaker 2: home heating oil. Once again, I reiterate, we don't know

1158
00:56:42,000 --> 00:56:44,799
Speaker 2: how lucky we are in terms of renewables, in terms

1159
00:56:44,800 --> 00:56:47,800
Speaker 2: of heating homes and stuff like that. VAT inclusive cutters

1160
00:56:47,800 --> 00:56:51,520
Speaker 2: and excised green diesel is on the cards there in Island. Australia,

1161
00:56:51,760 --> 00:56:54,200
Speaker 2: a couple of states have gone with free public transport,

1162
00:56:54,200 --> 00:56:57,239
Speaker 2: that's Victoria and Tasmania. New South Wales pushback yesterday said

1163
00:56:57,239 --> 00:56:59,440
Speaker 2: we're not doing it, we don't have the money. And

1164
00:56:59,480 --> 00:57:02,879
Speaker 2: the weird thing about alban Esi, it's the strangest thing.

1165
00:57:03,600 --> 00:57:09,120
Speaker 2: Cutting a fuel tax literally gives free money to Porsche drivers.

1166
00:57:09,560 --> 00:57:12,880
Speaker 2: I mean, honestly, in a country that has got towards

1167
00:57:12,880 --> 00:57:16,840
Speaker 2: a trillion dollars worth of debt, telling the Lamborghini driver

1168
00:57:16,880 --> 00:57:21,160
Speaker 2: they're getting cheaper fuel is just I mean, the level

1169
00:57:21,200 --> 00:57:25,240
Speaker 2: of idiocy is gobsmacking. Egypt, what can I tell you,

1170
00:57:25,280 --> 00:57:28,400
Speaker 2: they're shops, restaurants, cafe As I mentioned this yesterday, they've

1171
00:57:28,400 --> 00:57:31,680
Speaker 2: got a close at nine each night. Street lights are dimmed,

1172
00:57:31,760 --> 00:57:36,120
Speaker 2: roadside advertisings dimmed. Non essential workers go home for a

1173
00:57:36,200 --> 00:57:39,520
Speaker 2: day a week. They've raised this is interesting. Egypt have

1174
00:57:39,680 --> 00:57:43,600
Speaker 2: raised the petrol prices and the fares on public transport

1175
00:57:43,640 --> 00:57:45,840
Speaker 2: to limit the impact on the public finances. See they're

1176
00:57:45,840 --> 00:57:48,080
Speaker 2: another country you can't afford it, so they're trying to.

1177
00:57:48,360 --> 00:57:53,000
Speaker 2: They're making it unaffordable to do anything which leads nowhere

1178
00:57:53,040 --> 00:57:56,600
Speaker 2: good of course, Philippines national emergency has been declared. Sounds dramatic.

1179
00:57:56,960 --> 00:58:00,720
Speaker 2: Offering subsidies to transport drivers, are reducing farey services four

1180
00:58:00,760 --> 00:58:03,880
Speaker 2: day a week for civil servants. Nothing's off the table,

1181
00:58:03,960 --> 00:58:07,960
Speaker 2: says Ferdinand Marcos, Sri Lanka wednesdays of public holiday. They

1182
00:58:07,960 --> 00:58:10,440
Speaker 2: were one of the first to move. Actually, fuel rationing

1183
00:58:10,760 --> 00:58:12,800
Speaker 2: drivers limited to fifteen liters a week. What would you

1184
00:58:12,840 --> 00:58:15,080
Speaker 2: do if it was limited to fifteen? You wouldn't go

1185
00:58:15,080 --> 00:58:19,120
Speaker 2: far on fifteen? Motorcyclists five Thailand, take your jackets off here,

1186
00:58:19,120 --> 00:58:21,280
Speaker 2: conditioning set at twenty six twenty seven, which strikes me

1187
00:58:21,320 --> 00:58:24,520
Speaker 2: as bloody hot, doesn't it? For goodness sake, take your

1188
00:58:24,560 --> 00:58:28,520
Speaker 2: jacket off. Ethiopia they've ordered fuel supply companies to prioritize

1189
00:58:28,520 --> 00:58:33,160
Speaker 2: security institutions, government projects, and key industries. ME and mar

1190
00:58:33,440 --> 00:58:36,640
Speaker 2: private vehicles currently allowed to operate on alternate days. That's

1191
00:58:36,680 --> 00:58:40,960
Speaker 2: done on the old number plate business. Digitally monitored fuel rationing.

1192
00:58:41,640 --> 00:58:45,600
Speaker 2: Your purchase is are scanned, logged, tracked by a QR code.

1193
00:58:45,640 --> 00:58:48,480
Speaker 2: And you know, me and Ma take a bit of

1194
00:58:48,480 --> 00:58:50,320
Speaker 2: the petrol when you weren't supposed to, they won't be

1195
00:58:50,360 --> 00:58:55,000
Speaker 2: seen again. Vietnam, they're encouraging citizens to stay at home.

1196
00:58:55,800 --> 00:58:57,200
Speaker 2: And if you don't want to stay at home, can

1197
00:58:57,240 --> 00:58:58,120
Speaker 2: you ride a bicycle?

1198
00:58:59,080 --> 00:59:01,560
Speaker 1: So you know, yesterday when our Prime minister says.

1199
00:59:01,480 --> 00:59:03,320
Speaker 7: Is not COVID two point zero, people are not going

1200
00:59:03,400 --> 00:59:04,919
Speaker 7: to be sitting at home baking sour dough.

1201
00:59:06,800 --> 00:59:08,120
Speaker 2: It kind of sounds like it.

1202
00:59:08,120 --> 00:59:10,200
Speaker 17: It kind of sounds like countries are just flying off.

1203
00:59:10,280 --> 00:59:13,560
Speaker 2: Countries are all they're different, but we're not things. That's

1204
00:59:13,560 --> 00:59:14,840
Speaker 2: the important That's what I was trying to say at

1205
00:59:14,880 --> 00:59:17,520
Speaker 2: seven thirty. We actually look like adults here. For once

1206
00:59:17,640 --> 00:59:22,000
Speaker 2: Bangladesh they're going to close the university that'll serve them well. Slovenia,

1207
00:59:22,040 --> 00:59:24,320
Speaker 2: I told you this the other day. First EU country

1208
00:59:24,360 --> 00:59:28,160
Speaker 2: to do anything. They're limiting purchase of fuel. But if

1209
00:59:28,160 --> 00:59:30,480
Speaker 2: you're a business, it's two hundred liters a day. If

1210
00:59:30,520 --> 00:59:34,960
Speaker 2: you're an individual, it's fifty liters a day. South Sudan

1211
00:59:35,200 --> 00:59:38,800
Speaker 2: they're rationing electricity, so you're right. A lot of the

1212
00:59:38,840 --> 00:59:41,720
Speaker 2: world's gone into COVID mode. We haven't, which is.

1213
00:59:41,640 --> 00:59:46,880
Speaker 1: Good asking the questions others won't the mic asking breakfast

1214
00:59:46,960 --> 00:59:51,400
Speaker 1: with Bailey's real estate altogether better across residential, commercial and

1215
00:59:51,560 --> 00:59:52,760
Speaker 1: rural news talks.

1216
00:59:52,520 --> 00:59:55,560
Speaker 2: Head be right, oh a seven past eight. The world

1217
00:59:55,600 --> 00:59:58,160
Speaker 2: of food and hospital anticipation is building around the presence

1218
00:59:58,160 --> 01:00:00,680
Speaker 2: of the flamed Michelin Star Guide, which the government has

1219
01:00:00,680 --> 01:00:02,280
Speaker 2: paid to bring to the country, of course, as part

1220
01:00:02,280 --> 01:00:04,840
Speaker 2: of the tourism drive. A number of Kiwi chefs have

1221
01:00:04,960 --> 01:00:07,600
Speaker 2: tasted Micheline success, so josh Emmett of course worked with

1222
01:00:07,640 --> 01:00:10,320
Speaker 2: Gordon Ramsay helped him earn four. When it comes to

1223
01:00:10,360 --> 01:00:13,200
Speaker 2: owning and running your own restaurant, the durns of Michelin

1224
01:00:13,240 --> 01:00:15,120
Speaker 2: where we've got a couple of those people, Nick Honeyman,

1225
01:00:15,480 --> 01:00:18,160
Speaker 2: he had La Petit Lyon in the south of France,

1226
01:00:18,160 --> 01:00:21,640
Speaker 2: and Matt Lambert who between twenty thirteen twenty twenty had

1227
01:00:21,640 --> 01:00:24,440
Speaker 2: a Michelin Star with his Musket Room in New York.

1228
01:00:24,880 --> 01:00:27,160
Speaker 2: At the time, it was the fastest Michelin star for

1229
01:00:27,280 --> 01:00:30,840
Speaker 2: a new restaurant. Anyway, long story short, Matt Lambert is

1230
01:00:30,920 --> 01:00:34,600
Speaker 2: back home. He's opening a facility called Return, and he

1231
01:00:34,880 --> 01:00:38,800
Speaker 2: is with us. Matt, morning to you, good morning text

1232
01:00:38,840 --> 01:00:41,400
Speaker 2: for you. Been to the Musket Room twice? What a

1233
01:00:41,440 --> 01:00:43,360
Speaker 2: place to go when in New York. A shame it's

1234
01:00:43,440 --> 01:00:45,680
Speaker 2: no longer there to visit. First time was twenty fourteen.

1235
01:00:45,680 --> 01:00:47,200
Speaker 2: Matt came out, had to beer with him. He's a

1236
01:00:47,200 --> 01:00:49,240
Speaker 2: great Westy. That sum you up pretty much, does it?

1237
01:00:50,680 --> 01:00:52,760
Speaker 12: Yeah? I guess it does.

1238
01:00:53,080 --> 01:00:55,840
Speaker 2: Go back to the Musket Room as an experience. Was

1239
01:00:55,840 --> 01:00:56,400
Speaker 2: it brilliant?

1240
01:00:58,320 --> 01:00:59,000
Speaker 20: I believe so?

1241
01:00:59,320 --> 01:01:00,360
Speaker 12: Yeah it was.

1242
01:01:00,520 --> 01:01:02,640
Speaker 20: Yeah, I believe it was a pretty special place. And

1243
01:01:02,760 --> 01:01:05,160
Speaker 20: it is still there. It's just operated a lot differently.

1244
01:01:05,760 --> 01:01:08,080
Speaker 2: How do you we'll come to what you're trying to

1245
01:01:08,120 --> 01:01:10,440
Speaker 2: do here in this country? But how is there a

1246
01:01:10,520 --> 01:01:12,880
Speaker 2: recipe for Michelin? So, in other words, if you set

1247
01:01:12,880 --> 01:01:15,680
Speaker 2: out to chase a Michelin Star, do you have a

1248
01:01:15,720 --> 01:01:19,000
Speaker 2: recipe that goes the furniture must be like this, the

1249
01:01:19,040 --> 01:01:21,360
Speaker 2: soviets must look like that, the food must come out

1250
01:01:21,360 --> 01:01:23,160
Speaker 2: this way, and the service must be at a certain level.

1251
01:01:23,200 --> 01:01:25,920
Speaker 2: In other words, you can curate the experience.

1252
01:01:27,280 --> 01:01:29,600
Speaker 20: I believe that's pretty hard to do. I think there's

1253
01:01:29,640 --> 01:01:32,880
Speaker 20: some some sort of things you can take those boxes

1254
01:01:33,080 --> 01:01:35,680
Speaker 20: and get them. Ultimately, it is about the food. That's

1255
01:01:35,680 --> 01:01:39,240
Speaker 20: why you could get a Michelin Star at a noodle

1256
01:01:39,280 --> 01:01:42,000
Speaker 20: shop and a food market or you know, in a

1257
01:01:42,040 --> 01:01:45,800
Speaker 20: sit down restaurant. So sometimes yes and sometimes no.

1258
01:01:47,080 --> 01:01:50,000
Speaker 2: That's my other question around the Michelin Star thing. When

1259
01:01:50,040 --> 01:01:51,880
Speaker 2: governments can pay money for them to come to a

1260
01:01:51,920 --> 01:01:53,920
Speaker 2: country and you can get a noodle bar getting it

1261
01:01:54,000 --> 01:01:57,840
Speaker 2: or a dim sum restaurant in Singapore, is Michelin still Michelin?

1262
01:01:58,680 --> 01:02:01,280
Speaker 20: I believe that it has the integrity where it's not

1263
01:02:01,360 --> 01:02:04,760
Speaker 20: really affected by who bought them there. Just obviously it

1264
01:02:04,760 --> 01:02:06,520
Speaker 20: costs a lot of money to produce things like that,

1265
01:02:06,560 --> 01:02:08,840
Speaker 20: and if you're going to travel this far around the world,

1266
01:02:09,160 --> 01:02:11,080
Speaker 20: you probably need a bit of a hand to get going.

1267
01:02:11,600 --> 01:02:14,040
Speaker 20: I no, it probably sounds like they don't need a hand,

1268
01:02:15,040 --> 01:02:17,080
Speaker 20: but you know they weren't here before that, were they?

1269
01:02:17,640 --> 01:02:20,120
Speaker 2: No, they weren't. What's your assessment of what they could

1270
01:02:20,120 --> 01:02:22,800
Speaker 2: do for the culinary scene slash tourism scene in this

1271
01:02:22,880 --> 01:02:25,640
Speaker 2: country once they start playing out stars?

1272
01:02:26,160 --> 01:02:26,400
Speaker 9: Yeah?

1273
01:02:26,680 --> 01:02:29,120
Speaker 20: I think it's amazing. It basically tells the rest of

1274
01:02:29,160 --> 01:02:32,200
Speaker 20: the world. We have restaurants as good as the rest

1275
01:02:32,240 --> 01:02:33,640
Speaker 20: of the world. You know what I mean. If you

1276
01:02:33,720 --> 01:02:35,720
Speaker 20: go to a lot of people travel through Europe and

1277
01:02:35,800 --> 01:02:38,600
Speaker 20: they'll just use the guide verbatim to go to all

1278
01:02:38,640 --> 01:02:42,000
Speaker 20: of the restaurants they go to. Now if they're coming here,

1279
01:02:42,440 --> 01:02:44,160
Speaker 20: it opens the door for a lot of restaurants. And

1280
01:02:44,200 --> 01:02:46,240
Speaker 20: it's not just about the Stars. They do have the

1281
01:02:46,240 --> 01:02:50,640
Speaker 20: bibical mard and recommendations which a lot of people hit

1282
01:02:50,680 --> 01:02:53,000
Speaker 20: when they're going to the Star restaurants as well.

1283
01:02:53,480 --> 01:02:55,280
Speaker 2: Did you set out to get a upstar.

1284
01:02:57,440 --> 01:02:58,280
Speaker 20: Do it when?

1285
01:02:58,400 --> 01:03:00,400
Speaker 2: Originally Yeah, I had the Musket Room.

1286
01:03:00,560 --> 01:03:02,200
Speaker 20: Yeah, one hundred percent. The goal was to get a

1287
01:03:02,200 --> 01:03:04,760
Speaker 20: start within three years. It's one of the reasons why

1288
01:03:04,760 --> 01:03:06,520
Speaker 20: I moved to New York is because I wanted to

1289
01:03:06,560 --> 01:03:09,840
Speaker 20: work within Michelin Star restaurants and sort of assess where

1290
01:03:09,880 --> 01:03:10,440
Speaker 20: I'm at with.

1291
01:03:10,480 --> 01:03:14,240
Speaker 2: That right and once you got it, were you fulfilled

1292
01:03:14,440 --> 01:03:14,680
Speaker 2: or not.

1293
01:03:17,080 --> 01:03:18,560
Speaker 20: It was kind of like the beginning of a new

1294
01:03:18,640 --> 01:03:23,240
Speaker 20: journey really. But for a couple of days around receiving

1295
01:03:23,280 --> 01:03:25,400
Speaker 20: the star, yeah, I was elated. It was one of

1296
01:03:25,440 --> 01:03:28,320
Speaker 20: the most special things I'd done in my career because

1297
01:03:28,320 --> 01:03:30,720
Speaker 20: I'd had that sort of vision for a very long

1298
01:03:30,760 --> 01:03:33,800
Speaker 20: time and having the opportunity to be able to achieve

1299
01:03:33,840 --> 01:03:35,880
Speaker 20: a goal like that was a special moment.

1300
01:03:36,160 --> 01:03:37,920
Speaker 2: And is it one of those things I'm sure you've

1301
01:03:37,920 --> 01:03:40,000
Speaker 2: seen the documentaries, you know the pressure goes on. Do

1302
01:03:40,120 --> 01:03:43,640
Speaker 2: you feel pressure once you've attained that, you know, level

1303
01:03:43,680 --> 01:03:44,280
Speaker 2: of success?

1304
01:03:45,120 --> 01:03:47,720
Speaker 20: And I think a lot of restaurants have inherent pressure,

1305
01:03:48,080 --> 01:03:50,760
Speaker 20: you know, without it. So it wasn't a new thing,

1306
01:03:50,840 --> 01:03:53,920
Speaker 20: I wouldn't say, and not really because I'm pretty I

1307
01:03:53,960 --> 01:03:56,520
Speaker 20: was pretty confident with what we were doing. I felt

1308
01:03:56,520 --> 01:03:57,920
Speaker 20: pressure to do better.

1309
01:03:58,520 --> 01:04:01,080
Speaker 2: Right, So what brought you.

1310
01:04:05,360 --> 01:04:05,760
Speaker 12: Covid?

1311
01:04:07,920 --> 01:04:10,360
Speaker 20: No, I'm not sure. I came back to work with

1312
01:04:10,920 --> 01:04:14,320
Speaker 20: the Lodge Bar and Roden Gun and help expand.

1313
01:04:13,920 --> 01:04:14,720
Speaker 9: That, right.

1314
01:04:15,280 --> 01:04:16,439
Speaker 2: And you're enjoying it here?

1315
01:04:17,360 --> 01:04:18,040
Speaker 20: I love it here?

1316
01:04:18,120 --> 01:04:18,320
Speaker 12: Yeah?

1317
01:04:18,440 --> 01:04:18,640
Speaker 9: Yeah?

1318
01:04:18,840 --> 01:04:21,160
Speaker 2: And what would you what would you describe see? Because

1319
01:04:21,200 --> 01:04:24,560
Speaker 2: the media is full of it's full of stories of

1320
01:04:24,600 --> 01:04:28,280
Speaker 2: places closing. So hospit in this country is the services crap.

1321
01:04:28,520 --> 01:04:32,240
Speaker 2: It's too expensive and everything's closing, which of course isn't true,

1322
01:04:32,280 --> 01:04:35,840
Speaker 2: but nevertheless, that's that's that's what's pedal. What's your observation.

1323
01:04:36,880 --> 01:04:39,800
Speaker 20: Of restaurants closing, no of.

1324
01:04:39,880 --> 01:04:41,960
Speaker 2: The of the hospital, of the hospo scene.

1325
01:04:42,440 --> 01:04:44,640
Speaker 20: Yeah, I love the hospital scene. I think it's vibrant.

1326
01:04:44,840 --> 01:04:48,040
Speaker 20: I think it's great. There's a lot of places doing

1327
01:04:48,040 --> 01:04:50,800
Speaker 20: a lot of different things that fit different markets. Like

1328
01:04:50,840 --> 01:04:52,480
Speaker 20: if you want a great smash burger, you can go

1329
01:04:52,520 --> 01:04:55,520
Speaker 20: to BBG. If you want a great fried chicken, you

1330
01:04:55,560 --> 01:04:57,160
Speaker 20: can go to Peaches, you know what I mean. If

1331
01:04:57,160 --> 01:05:02,120
Speaker 20: you want an elevator experience, you can go to Tar. Yeah,

1332
01:05:02,120 --> 01:05:04,120
Speaker 20: there's a lot happening and it's all pretty good. If

1333
01:05:04,160 --> 01:05:06,240
Speaker 20: you want good pies, they're everywhere, you know. If you

1334
01:05:06,240 --> 01:05:08,600
Speaker 20: want a good examwich from the bakery, we've got those.

1335
01:05:08,760 --> 01:05:11,720
Speaker 20: I said, there is a lot of very negative signaling

1336
01:05:12,760 --> 01:05:17,000
Speaker 20: in some media that makes it seem very doom and gloom,

1337
01:05:17,360 --> 01:05:19,720
Speaker 20: But I don't think it's as dad as as it's

1338
01:05:19,720 --> 01:05:20,400
Speaker 20: projected to be.

1339
01:05:20,680 --> 01:05:22,880
Speaker 2: How does it work in your ears? So you're have

1340
01:05:22,960 --> 01:05:25,240
Speaker 2: you you have an open return yet, or you're about to,

1341
01:05:25,360 --> 01:05:29,400
Speaker 2: or you just have tomorrow. Okay, right, so tomorrow. So

1342
01:05:30,000 --> 01:05:32,600
Speaker 2: I could argue with you if you're opening a restaurant.

1343
01:05:32,640 --> 01:05:35,600
Speaker 2: We're in an economy, in a world in the middle

1344
01:05:35,640 --> 01:05:37,880
Speaker 2: of a war. We've all decided We're in a funk

1345
01:05:37,880 --> 01:05:39,919
Speaker 2: again and the recovery is off, et cetera, and yet

1346
01:05:39,920 --> 01:05:42,080
Speaker 2: people still open. What drives you?

1347
01:05:44,040 --> 01:05:46,080
Speaker 20: Well, what am I going to wait for? Do you

1348
01:05:46,080 --> 01:05:50,320
Speaker 20: know what I mean? When would I do it? I'm

1349
01:05:50,360 --> 01:05:52,800
Speaker 20: aware of all the negative things that are going of happening,

1350
01:05:52,840 --> 01:05:55,120
Speaker 20: but you know this is a place of celebration, a

1351
01:05:55,200 --> 01:05:58,800
Speaker 20: place to come and feel good. I feel maybe now

1352
01:05:58,880 --> 01:06:01,560
Speaker 20: more than ever. That's why we need, you know good.

1353
01:06:01,400 --> 01:06:03,000
Speaker 2: On your brief break more in a moment with Matt.

1354
01:06:03,000 --> 01:06:05,680
Speaker 2: Matt Lambert, who is, as you've just heard, opening return

1355
01:06:05,760 --> 01:06:08,680
Speaker 2: tomorrow fresh out of a Michelin star in New York

1356
01:06:08,680 --> 01:06:10,240
Speaker 2: at the Musket Room, thirteen past.

1357
01:06:10,040 --> 01:06:15,000
Speaker 1: Eight, the mic Hosking Breakfast Full Show podcast on iHeartRadio

1358
01:06:15,240 --> 01:06:16,480
Speaker 1: powered by News Talk.

1359
01:06:16,360 --> 01:06:20,400
Speaker 2: Hippy News Talks EVY sixteen past eight. Guest is Matt Lambert,

1360
01:06:20,400 --> 01:06:23,040
Speaker 2: who's about to open a new restaurant. Is Matt is

1361
01:06:23,120 --> 01:06:26,280
Speaker 2: hospit over hospited in this country? Do you think generally,

1362
01:06:26,320 --> 01:06:28,840
Speaker 2: and I'm talking not just top end wrested, but everything

1363
01:06:28,880 --> 01:06:31,160
Speaker 2: you know, just eating food outlets are there're too many

1364
01:06:31,200 --> 01:06:31,520
Speaker 2: of them?

1365
01:06:32,480 --> 01:06:34,640
Speaker 20: I think potentially that could be a problem.

1366
01:06:34,720 --> 01:06:38,760
Speaker 2: Yes, So it's a buyer job thing. So in other words, migration.

1367
01:06:39,040 --> 01:06:40,840
Speaker 2: You can get a job, get into a restaurant, get

1368
01:06:40,920 --> 01:06:43,320
Speaker 2: into a cafe, and that comes back to bite you.

1369
01:06:43,600 --> 01:06:47,000
Speaker 2: And is that part of where the narrative comes from?

1370
01:06:47,160 --> 01:06:49,080
Speaker 2: In other words, every time a door closed, you go, oh,

1371
01:06:49,200 --> 01:06:51,360
Speaker 2: that can't be good. Where it's not necessarily the case,

1372
01:06:51,360 --> 01:06:52,960
Speaker 2: We've just got too many of them.

1373
01:06:53,400 --> 01:06:56,600
Speaker 20: Yeah, I think that could be definitely OK. So, I mean,

1374
01:06:56,640 --> 01:06:59,280
Speaker 20: obviously some good places do end up closing, but I

1375
01:06:59,280 --> 01:07:02,040
Speaker 20: think a lot of the places that do close don't

1376
01:07:02,080 --> 01:07:06,000
Speaker 20: have like a very specific vision or purpose other than

1377
01:07:06,080 --> 01:07:08,720
Speaker 20: to just have some lunch, you know what I mean?

1378
01:07:09,600 --> 01:07:12,040
Speaker 2: How are you going at your place with service? Service

1379
01:07:12,080 --> 01:07:13,840
Speaker 2: is an issue in this country. We don't have a

1380
01:07:13,920 --> 01:07:16,000
Speaker 2: culture of service in this country. It's not like a

1381
01:07:16,040 --> 01:07:18,000
Speaker 2: place like New York and London where people make a

1382
01:07:18,040 --> 01:07:21,280
Speaker 2: living in service. How do you get around that?

1383
01:07:22,320 --> 01:07:28,480
Speaker 20: Like, my wife is the front of house, but she's

1384
01:07:28,520 --> 01:07:31,600
Speaker 20: American and comes from that sort of whole thing. She

1385
01:07:31,680 --> 01:07:33,960
Speaker 20: also ran the front of house, side of the musket room.

1386
01:07:34,040 --> 01:07:36,360
Speaker 20: So I'm actually very confident with our service.

1387
01:07:36,520 --> 01:07:39,480
Speaker 2: Oh that's good. So is it an issue for you

1388
01:07:39,560 --> 01:07:41,520
Speaker 2: to solve though? Is it a hurdle to get over?

1389
01:07:42,880 --> 01:07:43,160
Speaker 5: No?

1390
01:07:43,240 --> 01:07:45,560
Speaker 20: I don't think so. I think it's a great opportunity

1391
01:07:45,640 --> 01:07:49,360
Speaker 20: to be able to teach people a different way of

1392
01:07:49,400 --> 01:07:52,840
Speaker 20: doing it, or maybe making it more important, because I

1393
01:07:52,880 --> 01:07:56,200
Speaker 20: think it's the most important element of a restaurant.

1394
01:07:56,600 --> 01:08:00,320
Speaker 2: The style of dining. Because you mentioned a number of exams.

1395
01:08:00,440 --> 01:08:05,160
Speaker 2: What Michelin Stars normally delivers is fairly high end stuff.

1396
01:08:05,800 --> 01:08:08,200
Speaker 2: We don't seem that high end of this country. We're

1397
01:08:08,240 --> 01:08:11,080
Speaker 2: more casual. Is that fair? And can you do casual

1398
01:08:11,360 --> 01:08:12,400
Speaker 2: really elevated?

1399
01:08:13,280 --> 01:08:13,480
Speaker 12: Yeah?

1400
01:08:13,720 --> 01:08:16,160
Speaker 20: I absolutely believe so. And I think it's kind of

1401
01:08:16,200 --> 01:08:18,040
Speaker 20: a perception thing where a lot of people will hear

1402
01:08:18,040 --> 01:08:22,639
Speaker 20: Michelin and go danger sort of fine dining, but often

1403
01:08:22,680 --> 01:08:24,800
Speaker 20: it's not the case. There were pubs. There's a two

1404
01:08:24,840 --> 01:08:27,040
Speaker 20: Michelin star pub in England. There was one in New

1405
01:08:27,080 --> 01:08:29,880
Speaker 20: York that had a star. My friend Andy had a

1406
01:08:29,880 --> 01:08:32,439
Speaker 20: restaurant called Pop Pop that was a tie place that

1407
01:08:32,600 --> 01:08:35,880
Speaker 20: was very casual that had a star. So what I

1408
01:08:35,920 --> 01:08:39,640
Speaker 20: think we'll see is we'll just appreciate some places we

1409
01:08:39,680 --> 01:08:42,200
Speaker 20: already have a lot more and realize that we are

1410
01:08:42,240 --> 01:08:44,439
Speaker 20: sort of punching above our weight, so to speak.

1411
01:08:44,479 --> 01:08:46,040
Speaker 2: I was going to say, do you reckon? That'll flip

1412
01:08:46,080 --> 01:08:48,080
Speaker 2: the psyche. So in other words, you might have a

1413
01:08:48,120 --> 01:08:50,760
Speaker 2: restaurant you like if you give it a Michelin star,

1414
01:08:50,880 --> 01:08:52,599
Speaker 2: suddenly you see it in a different way and go,

1415
01:08:52,680 --> 01:08:54,320
Speaker 2: hang on, that was better than I thought it was.

1416
01:08:55,400 --> 01:08:57,840
Speaker 20: Yeah, it can be that. Yeah, it can be that.

1417
01:08:57,880 --> 01:08:59,639
Speaker 20: All of a sudden people will start calling it fine

1418
01:08:59,680 --> 01:09:00,200
Speaker 20: dining too.

1419
01:09:00,640 --> 01:09:03,759
Speaker 2: Yeah. Exactly are you chasing a star in your new venture?

1420
01:09:03,800 --> 01:09:05,960
Speaker 2: Is that something you're after or it doesn't matter anymore.

1421
01:09:07,120 --> 01:09:09,040
Speaker 20: I would love to get a Michelin star, but I

1422
01:09:09,120 --> 01:09:10,559
Speaker 20: understand how difficult it is.

1423
01:09:11,840 --> 01:09:12,840
Speaker 2: But you've done it before.

1424
01:09:13,560 --> 01:09:14,639
Speaker 9: I have done it before.

1425
01:09:15,080 --> 01:09:17,200
Speaker 20: But that doesn't mean that it's a guaranteed thing, you

1426
01:09:17,240 --> 01:09:18,760
Speaker 20: know what I mean? There's there's a lot of hard

1427
01:09:18,760 --> 01:09:19,760
Speaker 20: work that goes into it.

1428
01:09:19,800 --> 01:09:21,920
Speaker 2: Indeed, And what about fit out? How ex So I've

1429
01:09:21,960 --> 01:09:24,439
Speaker 2: been watching Ramsey on Netflix. Have you seen that lately?

1430
01:09:24,560 --> 01:09:24,960
Speaker 2: Been good?

1431
01:09:25,160 --> 01:09:25,680
Speaker 12: Yeah?

1432
01:09:25,800 --> 01:09:27,920
Speaker 9: Right, So I didn't have that muchet he was.

1433
01:09:28,040 --> 01:09:31,640
Speaker 2: He was spending twenty million pounds and he went over that.

1434
01:09:32,320 --> 01:09:34,920
Speaker 2: And fit out is always a thing. How much weight

1435
01:09:34,920 --> 01:09:36,040
Speaker 2: do you place on fit out?

1436
01:09:37,200 --> 01:09:37,519
Speaker 12: A lot?

1437
01:09:37,560 --> 01:09:41,000
Speaker 20: Because you're basically creating the space that will you know,

1438
01:09:41,400 --> 01:09:43,599
Speaker 20: hold what it is you're doing. So it's very important

1439
01:09:44,320 --> 01:09:46,880
Speaker 20: you know, and first impressions are meaningful. When you walk

1440
01:09:46,880 --> 01:09:48,920
Speaker 20: into the restaurant, you want to feel good and when

1441
01:09:48,960 --> 01:09:51,759
Speaker 20: you sit down, you want to be comfortable. So yeah,

1442
01:09:51,800 --> 01:09:55,080
Speaker 20: you've got to make sure you deliver on those things. Also,

1443
01:09:55,320 --> 01:09:57,040
Speaker 20: you know, we want to have a space that's kind

1444
01:09:57,040 --> 01:10:01,760
Speaker 20: of unique in some sense. And Aubrey Studios they've done

1445
01:10:01,800 --> 01:10:05,040
Speaker 20: a really great job of designing what we have.

1446
01:10:05,479 --> 01:10:07,320
Speaker 2: Good on you, well done, good to catch up. I

1447
01:10:07,320 --> 01:10:09,439
Speaker 2: appreciate it very much, and you go well tomorrow. Our

1448
01:10:09,439 --> 01:10:12,840
Speaker 2: returners as restaurant opens tomorrow. Matt Lamb but formerly of

1449
01:10:12,880 --> 01:10:15,479
Speaker 2: the Musket Room and a nice guy, and we wish

1450
01:10:15,560 --> 01:10:18,759
Speaker 2: them very and a good insight, isn't it too? People

1451
01:10:18,880 --> 01:10:21,040
Speaker 2: just get on with life, you know, forget the news

1452
01:10:21,040 --> 01:10:23,479
Speaker 2: media and forget the headlines and forget the news cycle.

1453
01:10:23,840 --> 01:10:26,360
Speaker 2: People just make decisions every day. They just get on

1454
01:10:26,400 --> 01:10:28,320
Speaker 2: with life because that's the way too, that's the way

1455
01:10:28,360 --> 01:10:29,040
Speaker 2: to dealer with life.

1456
01:10:29,040 --> 01:10:34,040
Speaker 1: Eight twenty The Mike Costing Breakfast with Vida Retirement, Communities,

1457
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Speaker 1: news Dogs head b.

1458
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1459
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Speaker 2: talking kee we save the government super Are they going

1460
01:10:40,600 --> 01:10:43,679
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1461
01:10:43,880 --> 01:10:45,880
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1462
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1463
01:10:47,880 --> 01:10:50,400
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1464
01:10:50,400 --> 01:10:52,840
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1465
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1466
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Speaker 2: comes and their team of active investment managers. They're focused

1467
01:10:59,240 --> 01:11:02,240
Speaker 2: on the long term out comes, identifying opportunities, managing that risk,

1468
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Speaker 2: staying disciplined. Listen to this from morning Star. Milford's Kewisaber

1469
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1470
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1472
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1473
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1474
01:11:20,600 --> 01:11:23,320
Speaker 2: can check out Milford Asset dot com forward slash Kewisaber

1475
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1476
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1477
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Speaker 2: of the Milford Keewsaberplan. So you go to Milford Asset

1478
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Speaker 2: dot com read the Milford Asset q we Saber Plan

1479
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Speaker 2: disclosure statement and Milford's Financial Advice Provider disclosure statement as well,

1480
01:11:40,920 --> 01:11:43,519
Speaker 2: asking if I reckon you love the read, brilliant, regret

1481
01:11:43,560 --> 01:11:46,800
Speaker 2: almost everything. It's a twenty five memoir. Twenty twenty five

1482
01:11:46,840 --> 01:11:49,280
Speaker 2: memoir written by the British born New York restaurant Sir

1483
01:11:49,400 --> 01:11:54,479
Speaker 2: Keith McNelly, who created belthazar Bin to belfas Are and

1484
01:11:54,520 --> 01:11:57,519
Speaker 2: the Odeon, and mcnelly's book offers a raw, in candid

1485
01:11:57,560 --> 01:11:59,479
Speaker 2: look at his life as business and his recovery from

1486
01:11:59,479 --> 01:12:01,720
Speaker 2: the twenty six Stein scrope. Very nice, Mike, what a

1487
01:12:01,760 --> 01:12:05,840
Speaker 2: positive response. What am I going to wait for? Its

1488
01:12:05,880 --> 01:12:07,519
Speaker 2: good point, isn't it, Carrie? What am I going to

1489
01:12:07,520 --> 01:12:07,880
Speaker 2: wait for it?

1490
01:12:07,960 --> 01:12:08,000
Speaker 10: To?

1491
01:12:08,080 --> 01:12:10,680
Speaker 2: Everyone should live their life. Mike went to petitlarly On

1492
01:12:10,760 --> 01:12:14,439
Speaker 2: in France. Sublime, Nick came out and met us. It's

1493
01:12:14,479 --> 01:12:17,280
Speaker 2: amazing people who The comeback story is the good part

1494
01:12:17,320 --> 01:12:19,400
Speaker 2: of that too, So the Nick Honeyman's back in the country,

1495
01:12:19,439 --> 01:12:21,840
Speaker 2: and of course you know the musket Roomy came back

1496
01:12:21,840 --> 01:12:24,719
Speaker 2: to the country as well, So all of that's encouraging.

1497
01:12:24,800 --> 01:12:27,600
Speaker 2: By the way, have you want some cheap travel? I

1498
01:12:27,640 --> 01:12:31,080
Speaker 2: alluded to this earlier on would you go through the

1499
01:12:31,080 --> 01:12:33,639
Speaker 2: Middle East? At the moment? Answer I would, I wouldn't.

1500
01:12:33,800 --> 01:12:36,360
Speaker 2: I wouldn't even second guess it. My only concern at

1501
01:12:36,360 --> 01:12:38,640
Speaker 2: the moment in flying through the Middle East to go

1502
01:12:38,680 --> 01:12:41,800
Speaker 2: to Europe would be inconvenient. So in other words, you know,

1503
01:12:41,840 --> 01:12:45,280
Speaker 2: I don't mind going to Dubai or Guitar. I just

1504
01:12:45,280 --> 01:12:46,640
Speaker 2: don't want to get off the plane to get the

1505
01:12:46,680 --> 01:12:48,920
Speaker 2: connector and they say, well that's off for three more days.

1506
01:12:49,000 --> 01:12:54,240
Speaker 2: That bit, the inconvenience part would bother me because I'm

1507
01:12:54,240 --> 01:12:56,360
Speaker 2: on a clock. But apart from that, I'm not remotely

1508
01:12:56,360 --> 01:12:59,120
Speaker 2: bothered by the war. So itttyad, this's out of Australia.

1509
01:12:59,160 --> 01:13:02,880
Speaker 2: I'm reading yesterday Etyard Sydney to London for fifteen hundred

1510
01:13:02,880 --> 01:13:06,960
Speaker 2: and seventy bucks. There's a point there where you're going.

1511
01:13:07,120 --> 01:13:11,360
Speaker 2: That's a pretty good deal. Etyard Melbourne to London fourteen

1512
01:13:11,520 --> 01:13:15,960
Speaker 2: hundred dollars Qatar. Later in April Sydney or Melbourne to

1513
01:13:16,120 --> 01:13:20,080
Speaker 2: London or Paris via Doha seventeen hundred bucks. Prices for

1514
01:13:20,160 --> 01:13:25,519
Speaker 2: Ettyard and Katar continue to drop in May Emirates Sydney

1515
01:13:25,600 --> 01:13:28,400
Speaker 2: London eighteen hundred, nineteen hundred if you want to go

1516
01:13:28,439 --> 01:13:31,360
Speaker 2: from Melbourne, so all the others. You know, if you're

1517
01:13:31,400 --> 01:13:33,839
Speaker 2: running up through Asia or through the States now minimum

1518
01:13:33,840 --> 01:13:37,639
Speaker 2: twenty six minimum and running up to thirty eight hundred dollars,

1519
01:13:37,680 --> 01:13:42,719
Speaker 2: so thirty eight versus fifteen hundred, so less than half price.

1520
01:13:43,640 --> 01:13:47,760
Speaker 2: Does that tempt you to go through? I mean, for

1521
01:13:47,840 --> 01:13:50,720
Speaker 2: one of a better word, a war zone? And does

1522
01:13:50,760 --> 01:13:52,559
Speaker 2: it bother you in any way, shape or form, because

1523
01:13:52,600 --> 01:13:54,800
Speaker 2: at some point, you know, if it doesn't work for them,

1524
01:13:54,800 --> 01:13:58,080
Speaker 2: they will presumably reduce the prices even further. And would

1525
01:13:58,120 --> 01:14:00,439
Speaker 2: you stay? So I'm on a clock, so wouldn't want

1526
01:14:00,439 --> 01:14:02,559
Speaker 2: to stay because I would want to go through directly?

1527
01:14:03,120 --> 01:14:04,559
Speaker 2: But would you want to stay? Would you want to

1528
01:14:04,600 --> 01:14:07,080
Speaker 2: go up? Stay for two or three days and then

1529
01:14:07,160 --> 01:14:10,320
Speaker 2: carry on? And that's before we get to the EV boom,

1530
01:14:10,320 --> 01:14:13,840
Speaker 2: which looks increasingly real in this country because the numbers

1531
01:14:13,880 --> 01:14:17,080
Speaker 2: out yesterday. So we gave you last week's numbers, which

1532
01:14:17,120 --> 01:14:21,000
Speaker 2: were an improvement on the weeks before number and last

1533
01:14:21,400 --> 01:14:23,680
Speaker 2: and that's continues to spen so our country through that.

1534
01:14:23,720 --> 01:14:25,640
Speaker 2: So there's a lot of people in this country I

1535
01:14:25,680 --> 01:14:27,800
Speaker 2: don't know, panicking or were they going to buy an

1536
01:14:27,840 --> 01:14:30,479
Speaker 2: EV anyway, it just happens to coincide. Anyway, look at

1537
01:14:30,479 --> 01:14:32,479
Speaker 2: those just a couple of moments, and we'll go to Britain.

1538
01:14:32,680 --> 01:14:35,160
Speaker 2: What little is next here at News Talk Set.

1539
01:14:45,240 --> 01:14:49,960
Speaker 1: Opinion, Edit, Informed, und Apologetic, The Mic Hosking, Breakfast with

1540
01:14:50,200 --> 01:14:54,160
Speaker 1: a Vita, Retirement, Communities, Life Your Way, News talksad B.

1541
01:14:54,360 --> 01:14:58,839
Speaker 2: Mike Morning Air fig Or christ Church to UK via Canada.

1542
01:14:58,920 --> 01:15:03,679
Speaker 2: Eleven hundred dollars, that, my friendes a bargain. Although you'd

1543
01:15:03,720 --> 01:15:07,280
Speaker 2: have to go, you'd be going christ Church suba Suva, Canada.

1544
01:15:07,840 --> 01:15:11,040
Speaker 2: At that point you'd be changing planes and airlines. I'm

1545
01:15:11,080 --> 01:15:14,479
Speaker 2: assuming because I don't think Figia goes past Canada somewhere

1546
01:15:14,520 --> 01:15:16,920
Speaker 2: Canada to London. But eleven hundred dollars you can't argue

1547
01:15:16,920 --> 01:15:20,400
Speaker 2: with that, Mike. I'm going to Milan through Dubai in May,

1548
01:15:20,560 --> 01:15:24,960
Speaker 2: not worried. Look at all the flights and there's no

1549
01:15:25,000 --> 01:15:26,720
Speaker 2: shortage of flights. I mean, this is this is one

1550
01:15:26,760 --> 01:15:29,000
Speaker 2: of the untold stories. I mean, air travel in that

1551
01:15:29,040 --> 01:15:30,400
Speaker 2: part of the world is not back to normal bay

1552
01:15:30,400 --> 01:15:35,439
Speaker 2: any sense of the imagination, but it's certainly it's not stopped.

1553
01:15:35,439 --> 01:15:38,360
Speaker 2: These Singapore euro flights are just as close to Iran,

1554
01:15:38,360 --> 01:15:40,000
Speaker 2: but to the north. The other one is you've got

1555
01:15:40,000 --> 01:15:43,479
Speaker 2: to remember the Chinese airlines, if this makes any difference

1556
01:15:43,520 --> 01:15:46,920
Speaker 2: to you, The Chinese airlines, which are well serviced in

1557
01:15:46,920 --> 01:15:48,360
Speaker 2: this country is at least three or four, if not

1558
01:15:48,400 --> 01:15:51,200
Speaker 2: five of them nowadays go up through China and go

1559
01:15:51,240 --> 01:15:54,599
Speaker 2: to Europe. They fly across Russia because of course they're mates.

1560
01:15:54,960 --> 01:15:57,679
Speaker 2: And in flying across Russia, you say, at least two

1561
01:15:57,800 --> 01:16:00,880
Speaker 2: hours getting to Europe at times important to you, twenty

1562
01:16:00,880 --> 01:16:01,719
Speaker 2: two minutes away.

1563
01:16:01,520 --> 01:16:05,920
Speaker 14: From not international correspondence with ends and eye insurance, peace

1564
01:16:05,920 --> 01:16:07,360
Speaker 14: of mind for New Zealand business.

1565
01:16:07,439 --> 01:16:09,639
Speaker 12: But we go roun a little morning mate, Good morning

1566
01:16:09,680 --> 01:16:10,240
Speaker 12: to you, mate.

1567
01:16:10,320 --> 01:16:13,360
Speaker 2: I see the airs de bosses rejecting profiteering claims as

1568
01:16:13,360 --> 01:16:16,639
Speaker 2: petrol's topping one fifty pa per liter. So where are

1569
01:16:16,640 --> 01:16:18,160
Speaker 2: we at with the pumps? Is it crazy?

1570
01:16:18,680 --> 01:16:25,960
Speaker 12: Yeah, it's chaos, paranoia, shardenfreud and loathing and distemper. We are.

1571
01:16:26,160 --> 01:16:28,840
Speaker 12: We are in full panic spiral mode at the moment

1572
01:16:29,880 --> 01:16:34,559
Speaker 12: because diesel prices have raised massively. Oil prices have raised massively.

1573
01:16:34,640 --> 01:16:36,679
Speaker 12: Tell me about it. I've got a huge oil tank

1574
01:16:36,760 --> 01:16:40,760
Speaker 12: out back and it's beginning to have an impact upon

1575
01:16:40,840 --> 01:16:46,880
Speaker 12: such things as consumers, consumer goods, produce for food. You

1576
01:16:46,960 --> 01:16:49,800
Speaker 12: will be distressed to hear that London's top end restaurants

1577
01:16:49,800 --> 01:16:55,040
Speaker 12: are badly being hit by this. And there's a suggestion

1578
01:16:55,160 --> 01:16:57,000
Speaker 12: that at some point down the line there might be

1579
01:16:57,040 --> 01:17:00,679
Speaker 12: some form of rationing coming in Keeostyle. The city can't

1580
01:17:00,720 --> 01:17:02,640
Speaker 12: deal with himself. It's going to be done through the

1581
01:17:02,680 --> 01:17:06,639
Speaker 12: Trees seven, through international cooperation. And he said that he's

1582
01:17:06,720 --> 01:17:10,240
Speaker 12: relying on business leaders not to short change the public,

1583
01:17:10,400 --> 01:17:12,439
Speaker 12: which I'm sure will work out just final. It always

1584
01:17:12,479 --> 01:17:16,760
Speaker 12: does when people say things like that. I'm sure you know,

1585
01:17:16,800 --> 01:17:19,479
Speaker 12: because if you remember a couple of weeks ago, he

1586
01:17:19,640 --> 01:17:22,360
Speaker 12: was saying, you know, I've got a real worry that

1587
01:17:23,120 --> 01:17:26,960
Speaker 12: oil companies are proper teering. No are they? Well, they

1588
01:17:26,960 --> 01:17:30,240
Speaker 12: will continue to do so. Also, I've got to fill

1589
01:17:30,240 --> 01:17:32,800
Speaker 12: a car up tomorrow and I'll probably have to drive

1590
01:17:32,840 --> 01:17:35,000
Speaker 12: around a bit to do it. There are shortages of

1591
01:17:35,080 --> 01:17:40,479
Speaker 12: the pumps, particularly for unletted and for diesel. Maybe I

1592
01:17:40,479 --> 01:17:44,400
Speaker 12: should switch to hebium like they had in Dad's army

1593
01:17:45,080 --> 01:17:47,599
Speaker 12: in nineteen sixty nine. But there we are.

1594
01:17:47,760 --> 01:17:49,800
Speaker 2: So you're right, So you're a little bit. It seems

1595
01:17:49,800 --> 01:17:52,200
Speaker 2: to me certainly in New Zealand and in the rural

1596
01:17:52,280 --> 01:17:54,599
Speaker 2: rural parts of New Zealand. Yeah, you've got the sort

1597
01:17:54,600 --> 01:17:57,519
Speaker 2: of seeming logistics problems with trucks getting I mean, we're

1598
01:17:57,520 --> 01:17:59,880
Speaker 2: not sure a pittrol, but we're having trouble getting it

1599
01:17:59,920 --> 01:18:02,360
Speaker 2: to the tanks. Astralia's certainly having that problem. So if

1600
01:18:02,400 --> 01:18:05,920
Speaker 2: you're in rural Britain, the distribution is a problem.

1601
01:18:06,160 --> 01:18:08,639
Speaker 12: Yes it is, and it's only just beginning to hit.

1602
01:18:09,040 --> 01:18:10,920
Speaker 12: I mean this problem has been coming down the line

1603
01:18:10,920 --> 01:18:14,040
Speaker 12: for two weeks. With fairness. Where I live in a

1604
01:18:14,200 --> 01:18:16,920
Speaker 12: very very probably the most rural part of Great Britain,

1605
01:18:18,360 --> 01:18:23,639
Speaker 12: there was no effect whatsoever. But slowly and steadily everything

1606
01:18:23,720 --> 01:18:27,680
Speaker 12: is beginning to get clovered. So for example, car manufacturers

1607
01:18:27,680 --> 01:18:29,760
Speaker 12: are saying, not that we make many cars, but car

1608
01:18:29,800 --> 01:18:33,479
Speaker 12: manufacturers are saying they can't get aluminium in. We can't

1609
01:18:33,479 --> 01:18:38,639
Speaker 12: get fresh produce in copper, garden, fruit and vegetables. Place

1610
01:18:38,680 --> 01:18:42,439
Speaker 12: isn't taking the same amount of stuff that it used to,

1611
01:18:42,800 --> 01:18:45,080
Speaker 12: and so it all has an impact, and it'll have

1612
01:18:45,080 --> 01:18:47,639
Speaker 12: an impact on the tills of course as well, and

1613
01:18:47,680 --> 01:18:51,080
Speaker 12: that gives us another cost of living crisis which is

1614
01:18:51,120 --> 01:18:55,200
Speaker 12: not of kear Starma's making. You know, he's handled this whole,

1615
01:18:56,200 --> 01:19:01,160
Speaker 12: this whole Iran War with a degree of dexterritory and

1616
01:19:01,200 --> 01:19:05,439
Speaker 12: it's not his fault, but it will probably come back

1617
01:19:05,479 --> 01:19:06,200
Speaker 12: to clover him.

1618
01:19:06,240 --> 01:19:08,479
Speaker 2: You would think, yeah, so he was trying his bus

1619
01:19:08,520 --> 01:19:10,479
Speaker 2: as watching him out in the campaign for my election.

1620
01:19:10,560 --> 01:19:12,439
Speaker 2: He was trying to avoid the war altogether. But he

1621
01:19:12,479 --> 01:19:15,120
Speaker 2: does have the doctor's strike. Is it a good look

1622
01:19:15,200 --> 01:19:17,719
Speaker 2: when you've already been given money to go on strike

1623
01:19:17,840 --> 01:19:20,200
Speaker 2: yet again while you're trying to run a campaign.

1624
01:19:20,840 --> 01:19:23,479
Speaker 12: I cannot think that there is a single person in

1625
01:19:23,479 --> 01:19:26,719
Speaker 12: the country, not even the families of the young doctors,

1626
01:19:27,000 --> 01:19:29,960
Speaker 12: who think that this strike is a good idea and

1627
01:19:30,080 --> 01:19:32,600
Speaker 12: would be anything other than the wholly supportive of the

1628
01:19:32,640 --> 01:19:38,559
Speaker 12: government in its refusal to count out of them. You know,

1629
01:19:38,760 --> 01:19:40,960
Speaker 12: this is a country where wage growth has been very,

1630
01:19:41,080 --> 01:19:44,799
Speaker 12: very slow for the last thirty years, twenty five years,

1631
01:19:44,840 --> 01:19:48,200
Speaker 12: but it's been slow for everybody. You know, if we

1632
01:19:48,200 --> 01:19:51,400
Speaker 12: were all to have a backdated pay increase to what

1633
01:19:51,520 --> 01:19:54,800
Speaker 12: it should have been in two thousand and six, mate,

1634
01:19:54,920 --> 01:20:01,759
Speaker 12: i'd been living in a villa Corsica. It's just it's

1635
01:20:02,120 --> 01:20:07,000
Speaker 12: so magnificently unrealistic, such a failure to read the room,

1636
01:20:07,560 --> 01:20:11,960
Speaker 12: and based upon a public liking and affection for the

1637
01:20:12,080 --> 01:20:15,880
Speaker 12: NHS and for the way doctors behave. But know, all

1638
01:20:16,000 --> 01:20:19,080
Speaker 12: the good will has gone. And you mentioned that he

1639
01:20:19,160 --> 01:20:22,160
Speaker 12: doesn't want to mention the war. He should mention the war,

1640
01:20:23,920 --> 01:20:26,400
Speaker 12: you know, because that is the one area. As we've

1641
01:20:26,439 --> 01:20:29,519
Speaker 12: always said, right from the beginning with Starmer, the one

1642
01:20:29,560 --> 01:20:32,880
Speaker 12: area is not bad. It is foreign affairs. And he

1643
01:20:33,160 --> 01:20:35,320
Speaker 12: hasn't He's handled this reasonably well.

1644
01:20:35,479 --> 01:20:37,280
Speaker 2: It's funny. I don't know if you've got polling, but

1645
01:20:37,560 --> 01:20:40,160
Speaker 2: we haven't done any here specifically, but certainly in Australia

1646
01:20:40,160 --> 01:20:43,080
Speaker 2: that people don't blame the government for the war. They

1647
01:20:43,200 --> 01:20:46,320
Speaker 2: get the fact it's beyond their control. And I'm assuming

1648
01:20:46,400 --> 01:20:48,120
Speaker 2: that you would be held in Britain.

1649
01:20:49,120 --> 01:20:53,840
Speaker 12: Yes, yes, with a few provisos. Which is that the

1650
01:20:53,960 --> 01:20:57,880
Speaker 12: far left by which I mean the now virulant, the

1651
01:20:57,920 --> 01:21:00,840
Speaker 12: anti Semitic Green Party, I mean, how they change from

1652
01:21:01,160 --> 01:21:06,960
Speaker 12: liking Rabbits to hating Jews is just bizarre. They They

1653
01:21:07,120 --> 01:21:10,040
Speaker 12: and the left of the Labor Party and your party

1654
01:21:10,520 --> 01:21:13,680
Speaker 12: and some of the Scottish nationalists and Diacomery and Shinfein

1655
01:21:13,760 --> 01:21:16,400
Speaker 12: and everything are all saying, you know, you should kick

1656
01:21:16,400 --> 01:21:20,120
Speaker 12: an American basis out of the country. That's one of the demands.

1657
01:21:20,439 --> 01:21:23,920
Speaker 12: You should renounce all contact with America and all that

1658
01:21:24,040 --> 01:21:27,240
Speaker 12: kind of unrealistic stuff from the far left, which nonetheless

1659
01:21:27,280 --> 01:21:30,000
Speaker 12: some people buy into because of course, this isn't a

1660
01:21:30,040 --> 01:21:35,360
Speaker 12: comfortable time to be in an alliance with America. So yeah,

1661
01:21:35,479 --> 01:21:40,280
Speaker 12: you're right. They don't claim the government particularly, but they

1662
01:21:40,400 --> 01:21:42,960
Speaker 12: maybe think those people on the left, the liberal left,

1663
01:21:43,240 --> 01:21:45,080
Speaker 12: think that more could have been done to tell the

1664
01:21:45,080 --> 01:21:46,439
Speaker 12: Americans to get lost.

1665
01:21:46,479 --> 01:21:48,479
Speaker 2: All right, Mike, we'll catch up on Thursday. I appreciate it.

1666
01:21:48,560 --> 01:21:50,160
Speaker 2: Rod a little in Britain. The other thing, couple of

1667
01:21:50,200 --> 01:21:52,240
Speaker 2: things in Britain that have gone on in the last

1668
01:21:52,280 --> 01:21:54,040
Speaker 2: twenty four to forty eight hours. You need to know

1669
01:21:54,080 --> 01:21:56,640
Speaker 2: about Gorton and Danton. You remember that biolection that the

1670
01:21:56,680 --> 01:22:00,360
Speaker 2: Greens won spectacularly and Labor lost after one hundred years.

1671
01:22:00,840 --> 01:22:03,400
Speaker 2: Claim from Faraje in reform was there was what was

1672
01:22:03,439 --> 01:22:07,880
Speaker 2: called family voting migrant thing whereby dad comes and tells

1673
01:22:07,920 --> 01:22:11,160
Speaker 2: everyone to vote for certain parties. They investigated, they claimed

1674
01:22:11,240 --> 01:22:14,720
Speaker 2: there is none. Farage calls that an establishment whitewash. And

1675
01:22:14,800 --> 01:22:18,320
Speaker 2: also today they're announcing compensation for what really has been

1676
01:22:18,320 --> 01:22:22,519
Speaker 2: one of the gargantuan scandals of our time. You went

1677
01:22:22,560 --> 01:22:26,679
Speaker 2: along and financed your car and the car dealer said

1678
01:22:26,720 --> 01:22:28,559
Speaker 2: this is the deal for you, and it wasn't the

1679
01:22:28,560 --> 01:22:29,960
Speaker 2: deal for you. It was a deal. It was a

1680
01:22:29,960 --> 01:22:32,400
Speaker 2: stitch up deal and it was involved. It had been

1681
01:22:32,439 --> 01:22:34,519
Speaker 2: going on for years, from two thousand and seven to

1682
01:22:34,520 --> 01:22:38,720
Speaker 2: twenty twenty four, and it was looked into by the

1683
01:22:38,720 --> 01:22:44,479
Speaker 2: Financial Conduct Authority. Fourteen million motor finance agreements over that

1684
01:22:44,520 --> 01:22:49,040
Speaker 2: period of time, multi billion pound saga, and they find

1685
01:22:49,040 --> 01:22:50,880
Speaker 2: out that the car dealers are not up for much.

1686
01:22:50,880 --> 01:22:53,200
Speaker 2: Forty four percent of all finance agreements made in those

1687
01:22:53,280 --> 01:22:55,880
Speaker 2: years would be eligible for some sort of compensation. In

1688
01:22:55,920 --> 01:22:59,240
Speaker 2: the conversation, totally more than eight billion. The leanders face

1689
01:22:59,240 --> 01:23:01,639
Speaker 2: a further three in administrative cost. So the whole thing's

1690
01:23:01,640 --> 01:23:04,400
Speaker 2: been a disaster for the car industry. The announcement overnight

1691
01:23:04,479 --> 01:23:06,519
Speaker 2: is the average person gets about seven hundred quid. So

1692
01:23:06,520 --> 01:23:08,000
Speaker 2: I don't know whether they're happy with that, but at

1693
01:23:08,080 --> 01:23:11,360
Speaker 2: least they've fixed the system and presumably it won't happen again.

1694
01:23:11,439 --> 01:23:16,519
Speaker 1: Eighty five The High Asking Breakfast Full Show podcast on

1695
01:23:16,720 --> 01:23:18,800
Speaker 1: iHeartRadio powered by News Talks.

1696
01:23:18,800 --> 01:23:19,160
Speaker 19: There'd be.

1697
01:23:20,760 --> 01:23:23,120
Speaker 2: Mike. He said, Britain doesn't make any cars? Is that true?

1698
01:23:23,360 --> 01:23:27,840
Speaker 2: He was not. Literally, Britain makes about a million cars

1699
01:23:27,840 --> 01:23:29,720
Speaker 2: a year. What he was referencing is they don't make

1700
01:23:29,760 --> 01:23:31,559
Speaker 2: as many cars as they used to. Lunch upon a time.

1701
01:23:31,560 --> 01:23:33,280
Speaker 2: They make the Many in Britain, they make them Morgan

1702
01:23:33,320 --> 01:23:35,760
Speaker 2: in Britain. They make land drovers in Britain and rain

1703
01:23:35,840 --> 01:23:39,200
Speaker 2: drivers in Britain, they make rolls Royce and Britain. I

1704
01:23:39,240 --> 01:23:40,800
Speaker 2: love the show, Mike. My family lives in the Baia.

1705
01:23:40,800 --> 01:23:43,559
Speaker 2: It's pretty much business as usual under the circumstances. She's

1706
01:23:43,640 --> 01:23:46,000
Speaker 2: just returned to do By from London. Full flight, lots

1707
01:23:46,040 --> 01:23:46,679
Speaker 2: of families traveling.

1708
01:23:46,760 --> 01:23:46,920
Speaker 10: Yeah.

1709
01:23:46,920 --> 01:23:49,360
Speaker 2: I agree, it's important to if you read the international press,

1710
01:23:49,400 --> 01:23:53,200
Speaker 2: particularly up into Europe, from the Middle East up into Europe,

1711
01:23:53,200 --> 01:23:54,800
Speaker 2: a lot of people left, a lot of x Pat's

1712
01:23:54,800 --> 01:23:58,240
Speaker 2: big XPAC community and du Bai from Britain. A lot

1713
01:23:58,240 --> 01:23:59,800
Speaker 2: of them went home and tried to get out, but

1714
01:24:00,240 --> 01:24:02,880
Speaker 2: they're sort of flooding back and now it is what

1715
01:24:03,000 --> 01:24:04,840
Speaker 2: it is, Mike. I've had a proper look at the

1716
01:24:04,880 --> 01:24:07,880
Speaker 2: EV numbers. Spending seventy thousand dollars on a new EV

1717
01:24:07,920 --> 01:24:11,680
Speaker 2: to save on fuel is generally genuinely terrible economics. You're

1718
01:24:11,720 --> 01:24:14,719
Speaker 2: looking at a twelve year break even on running costs alone,

1719
01:24:14,760 --> 01:24:16,920
Speaker 2: and that's before you factor in depreciation. The seventy five

1720
01:24:16,920 --> 01:24:19,519
Speaker 2: thousand dollars EV is losing ten to twelve grand in

1721
01:24:19,680 --> 01:24:22,120
Speaker 2: year one minimum, so you're not just waiting twelve years

1722
01:24:22,120 --> 01:24:24,200
Speaker 2: to break even on fuel, you're also absorbing a massive

1723
01:24:24,200 --> 01:24:26,639
Speaker 2: capital loss on top you'd be miles better off keeping

1724
01:24:26,640 --> 01:24:28,479
Speaker 2: what you have or grabbing a cheap ten thousand dollars

1725
01:24:28,479 --> 01:24:31,560
Speaker 2: petrol runabou. Not that that's stopping them, because let me

1726
01:24:31,600 --> 01:24:34,679
Speaker 2: give you the numbers. So three hundred and forty seven

1727
01:24:35,760 --> 01:24:39,240
Speaker 2: sold for the weekending March eight, the following week five

1728
01:24:39,320 --> 01:24:41,840
Speaker 2: forty nine, so from three four seven to five four nine,

1729
01:24:42,120 --> 01:24:44,479
Speaker 2: weekending March twenty two one thousand and thirty three, and

1730
01:24:44,520 --> 01:24:46,960
Speaker 2: the weekending March twenty nine to fifteen hundred and forty four.

1731
01:24:47,000 --> 01:24:49,280
Speaker 2: So you've gone in the last three weeks from three

1732
01:24:49,320 --> 01:24:51,280
Speaker 2: hundred and forty seven to fifteen hundred and forty, So

1733
01:24:51,400 --> 01:24:56,360
Speaker 2: in totality you're adding fifteen twenty five three three and

1734
01:24:56,360 --> 01:25:00,320
Speaker 2: a half thousand evs have been sold eleven BEVs, eleven

1735
01:25:00,400 --> 01:25:04,439
Speaker 2: hundred BEVs and four hundred and forty p heavs for

1736
01:25:04,520 --> 01:25:09,439
Speaker 2: the year to date four thousand, two hundred as compared

1737
01:25:09,479 --> 01:25:11,679
Speaker 2: with this time last year at two thousand, one hundred,

1738
01:25:11,680 --> 01:25:16,320
Speaker 2: so in other words, doubled. So obviously that's people who

1739
01:25:16,320 --> 01:25:18,920
Speaker 2: were thinking of buying a car because you've got to

1740
01:25:18,960 --> 01:25:21,160
Speaker 2: take that. You know, people just haven't woken up one

1741
01:25:21,160 --> 01:25:22,880
Speaker 2: morning and thought, I know, I'll just go buy a

1742
01:25:22,920 --> 01:25:25,880
Speaker 2: car randomly, because why wouldn't I. They were people already

1743
01:25:25,880 --> 01:25:29,439
Speaker 2: in the market. So the market has shifted towards the

1744
01:25:29,479 --> 01:25:34,280
Speaker 2: PHAV slash BEV. So those dealers are doing business and increasingly,

1745
01:25:34,720 --> 01:25:38,160
Speaker 2: like BYD has been in the news, they're sold out

1746
01:25:38,160 --> 01:25:40,439
Speaker 2: at the moment. They're trying to bring in more from China.

1747
01:25:40,479 --> 01:25:44,040
Speaker 2: But you know, it's it's at this point anyway, it's

1748
01:25:44,080 --> 01:25:47,040
Speaker 2: a thing nine away from nine the.

1749
01:25:47,120 --> 01:25:50,879
Speaker 1: Mike Hosking Breakfast with rangew a Sport SV News.

1750
01:25:50,720 --> 01:25:53,839
Speaker 2: Tom's dead b. Now there's performance, then there's performance done properly.

1751
01:25:53,840 --> 01:25:56,360
Speaker 2: We've got the raindew of a sport SV that's pairing

1752
01:25:56,360 --> 01:25:58,280
Speaker 2: the six hundred and thirty five horse power eight hundred

1753
01:25:58,320 --> 01:26:00,720
Speaker 2: you'd met a twin turbo V eight, which is the

1754
01:26:00,760 --> 01:26:02,800
Speaker 2: most powerful rain drover sport have been created, of course

1755
01:26:02,880 --> 01:26:05,800
Speaker 2: as something uniquely it combines it with something uniquely rain drover,

1756
01:26:05,840 --> 01:26:07,519
Speaker 2: which is of course refinement. So you've got a couple

1757
01:26:07,560 --> 01:26:09,599
Speaker 2: of things going on there. You can hit one hundred

1758
01:26:09,600 --> 01:26:11,960
Speaker 2: and three point eight. You got your carbon ceramics developed

1759
01:26:11,960 --> 01:26:14,799
Speaker 2: with Brembo. You've got the Welfare sixty dynamic suspension system,

1760
01:26:14,800 --> 01:26:17,880
Speaker 2: which is superb especially through the corners. But inside you

1761
01:26:17,920 --> 01:26:20,360
Speaker 2: got the fabulous sanctuary. You've got something called the Body

1762
01:26:20,360 --> 01:26:23,000
Speaker 2: in Soul Seed doesn't just play music, lets you feel it.

1763
01:26:23,680 --> 01:26:26,559
Speaker 2: Wellness programs designed to reduce stress and improve awareness. You've

1764
01:26:26,560 --> 01:26:28,720
Speaker 2: got Meridian signature sound, which you got to hear that

1765
01:26:28,760 --> 01:26:31,599
Speaker 2: to believe it. Intelligent air purification. You got your four

1766
01:26:31,680 --> 01:26:34,679
Speaker 2: zone climate control. So whether you're heading into the city

1767
01:26:34,760 --> 01:26:36,720
Speaker 2: or escaping for the weekend somewhere in the country, you

1768
01:26:36,760 --> 01:26:40,519
Speaker 2: press the SV mode, loves itself, throttle quickens, exhausts deep

1769
01:26:40,560 --> 01:26:44,480
Speaker 2: and switch it off. It's refined, it's composed, it's extremely comfortable.

1770
01:26:44,800 --> 01:26:46,880
Speaker 2: So that's the brilliance of the rain Drover Sport SV

1771
01:26:47,080 --> 01:26:51,320
Speaker 2: Sporting luxury without compromise. You visit your local rain Drover

1772
01:26:51,439 --> 01:26:56,599
Speaker 2: dealer today. Pasking the Air Canada CEO. He's retiring Slash.

1773
01:26:56,680 --> 01:26:59,280
Speaker 2: He has been booted out because he failed to speak

1774
01:26:59,320 --> 01:27:02,679
Speaker 2: French in condolence video. This was the LaGuardia thing last

1775
01:27:02,680 --> 01:27:07,080
Speaker 2: week in New York. He's Michael Rousseau. Everyone decided he

1776
01:27:07,120 --> 01:27:09,840
Speaker 2: needed to resign because his condolences were in English. One

1777
01:27:09,840 --> 01:27:13,360
Speaker 2: of the pilots who died was French from French speaking Quebec.

1778
01:27:13,880 --> 01:27:18,000
Speaker 2: He apologized said he was unable to express himself adequately

1779
01:27:18,080 --> 01:27:21,160
Speaker 2: in French, so he doesn't speak the language. But you

1780
01:27:21,240 --> 01:27:23,840
Speaker 2: still need to retire for that something with.

1781
01:27:24,600 --> 01:27:27,160
Speaker 17: Him not doing it or doing it really badly because

1782
01:27:27,160 --> 01:27:28,680
Speaker 17: he doesn't see scretly.

1783
01:27:28,680 --> 01:27:33,040
Speaker 2: It's idiocy meantime, Also in Canada, the New Democrat Party

1784
01:27:33,120 --> 01:27:37,599
Speaker 2: have elected Avi Lewis as the leader. They got thrashed

1785
01:27:37,640 --> 01:27:40,360
Speaker 2: in the last election. He got fifty six percent of

1786
01:27:40,360 --> 01:27:42,719
Speaker 2: the vote in the first ballot, therefore fifty plus one winds.

1787
01:27:42,760 --> 01:27:45,559
Speaker 2: He was up against a parliamentarian called Heather and three

1788
01:27:45,600 --> 01:27:49,720
Speaker 2: other candidates. He's trying to revive the struggling party. He's

1789
01:27:49,760 --> 01:27:55,519
Speaker 2: prioritizing workers' rights, ending oil and gas pipelines, exploring state

1790
01:27:55,560 --> 01:28:00,960
Speaker 2: owned nonprofit grocery stores. Verymund army. They were once the

1791
01:28:00,960 --> 01:28:03,800
Speaker 2: main opposition party in twenty eleven, so then they started

1792
01:28:03,800 --> 01:28:06,320
Speaker 2: wanting to ban oil and gas and do state owned

1793
01:28:06,320 --> 01:28:08,479
Speaker 2: grocery stores, and they found themselves where they are currently,

1794
01:28:08,479 --> 01:28:14,519
Speaker 2: which is nowhere five minutes. Can you really, honestly, given

1795
01:28:14,560 --> 01:28:17,040
Speaker 2: the circumstances and what we understand, like, no one likes

1796
01:28:17,040 --> 01:28:19,879
Speaker 2: oil and gas, no one loves it, no one smears

1797
01:28:19,920 --> 01:28:22,599
Speaker 2: their body with it. But we all surely we've learnt

1798
01:28:22,600 --> 01:28:25,679
Speaker 2: the lesson out of this war, just how critical oil

1799
01:28:25,720 --> 01:28:27,640
Speaker 2: and gas is to the global economy. Can you, as

1800
01:28:27,640 --> 01:28:29,840
Speaker 2: a political party go note we still need to ban that.

1801
01:28:30,720 --> 01:28:33,599
Speaker 2: Let's move forward by having no oil and no gas,

1802
01:28:33,600 --> 01:28:36,160
Speaker 2: because that's really cool. There's anyone say that? Four minutes

1803
01:28:36,160 --> 01:28:36,639
Speaker 2: away from.

1804
01:28:36,600 --> 01:28:41,759
Speaker 1: Night Trending now with Chemiswell's score, Super Savings in April

1805
01:28:41,800 --> 01:28:42,920
Speaker 1: catalog out now.

1806
01:28:44,760 --> 01:28:47,400
Speaker 2: This is the latest Taylor Sheridan. Our first season of

1807
01:28:47,439 --> 01:28:51,800
Speaker 2: The Madison, which stars Michelle Peiffer and Kurt Russell, eight

1808
01:28:51,840 --> 01:28:55,360
Speaker 2: million views globally in the first ten days, which is

1809
01:28:55,479 --> 01:28:58,080
Speaker 2: the most watched first season of a Sheridan show. I

1810
01:28:58,120 --> 01:29:00,479
Speaker 2: don't even know that's a thing. So the handful of

1811
01:29:00,479 --> 01:29:03,000
Speaker 2: show Sheridan's done, this is the most watched first season.

1812
01:29:03,040 --> 01:29:04,880
Speaker 2: It'll be the most watched because the other one he did.

1813
01:29:04,880 --> 01:29:09,320
Speaker 2: What's it with Billy Bob? That's a good shown. I

1814
01:29:09,640 --> 01:29:11,800
Speaker 2: sing the promo for The Madison. I don't know that

1815
01:29:11,880 --> 01:29:14,759
Speaker 2: it looks It looks like Landman in a different setting,

1816
01:29:14,840 --> 01:29:17,000
Speaker 2: doesn't it. It's all that. He's got one other one

1817
01:29:17,000 --> 01:29:19,360
Speaker 2: where they're out there in the forest with some chainsaws

1818
01:29:19,400 --> 01:29:21,280
Speaker 2: and it looks like Landman with a chainsaw.

1819
01:29:21,680 --> 01:29:23,280
Speaker 9: This looks like you're talking about Marshalls, or.

1820
01:29:23,280 --> 01:29:26,839
Speaker 2: It could be Marshalls. There's the Madison's out there, Damsel

1821
01:29:26,880 --> 01:29:31,200
Speaker 2: in distress, Landman with the Damsel in distress. It's just

1822
01:29:31,240 --> 01:29:31,639
Speaker 2: the same.

1823
01:29:32,160 --> 01:29:32,960
Speaker 17: Don't Forget Line.

1824
01:29:33,600 --> 01:29:36,040
Speaker 2: It's on Don't Forget Tulsa King. Yeah, all of those.

1825
01:29:36,479 --> 01:29:41,680
Speaker 2: It's on sky Neon HBO streaming service. Near you back

1826
01:29:41,720 --> 01:29:43,960
Speaker 2: tomorrow from six Happy Days.

1827
01:29:45,960 --> 01:29:48,840
Speaker 1: For more from the Mic Asking Breakfast. Listen live to

1828
01:29:49,000 --> 01:29:52,040
Speaker 1: news talks. It'd be from six am weekdays, or follow

1829
01:29:52,080 --> 01:29:53,600
Speaker 1: the podcast on iHeartRadio.