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Speaker 1: Your source of breaking news, challenging opinion and honored facts.

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Speaker 1: The Mike Hosking Breakfast with Bailey's Real Estate finding the

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Speaker 1: buyers others can't use Tog's head be warning and welcome today.

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Speaker 2: Fiscal issues for the government, with the Treasury warning in

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Speaker 2: a finance minister that seems to be hinting at a

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Speaker 2: corporate tax change actor suggesting we might be pulling out

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Speaker 2: of Paris that they get their way. Greg Johnson on

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Speaker 2: his way back for a tour, so he checks in

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Speaker 2: from scorched Old, Santa Monica, Catherine Field and France. Rod

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Speaker 2: Little does the boost from the UK, asking welcome to

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Speaker 2: the day, seven past six hotelier. I can see why

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Speaker 2: some would be confused about the so called trade war

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Speaker 2: that's officially unfolded this week, mainly because it may or

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Speaker 2: may not be about trade, and it may or may

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Speaker 2: not be a usual fight even if it is about trade.

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Speaker 2: So for now the tariffs are limited to some Chinese

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Speaker 2: products with exemptions, Canada with some exemptions Mexico. Well, that

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Speaker 2: seems fairly fluid in the last couple of hours, and

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Speaker 2: of course the threat is still there for the EU. Traditionally,

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Speaker 2: a tariff is simply a charge put on a certain product,

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Speaker 2: either by a product type like steel, or a country

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Speaker 2: like Canada. It becomes a trade war when said country

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Speaker 2: retaliates by putting a counter tariff on America put tariffs

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Speaker 2: on Canada. Canada puts a tariff on orange juice. This time,

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Speaker 2: it's allegedly about borders and drugs. If said countries stop

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Speaker 2: people going over the border or clean up their exporter

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Speaker 2: of drugs, America might call it off. We've seen some

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Speaker 2: movement on that in Mexico this morning. But where Trump

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Speaker 2: gets confusing it is when he talks about tariffs to

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Speaker 2: protect American business. That, of course, is a very left

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Speaker 2: wing policy, not one of a conservative. Conservatives favor free markets.

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Speaker 2: Tariffs are not free market. Also confusing matters is Ontario's response,

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Speaker 2: which is not the tariff, but to simply remove American

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Speaker 2: alcohol products from the shelves, in other words, ban them.

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Speaker 2: Tariffs traditionally aren't about banned through about costs. You can

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Speaker 2: still buy a tariff product, it's just more expensive. Next

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Speaker 2: point is price, and this is where Trump will land

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Speaker 2: himself in trouble. The tariff is a price. It either

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Speaker 2: gets soaked up by the importer or passed on to

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Speaker 2: the consumer. When it gets passed on, more money exchanges

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Speaker 2: hands for less product. That's inflationary unless, and here is

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Speaker 2: the real issue for a place like US, no one

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Speaker 2: buys the product because of price. They buy another product

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Speaker 2: for cheaper, like an American product, which is where Trump

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Speaker 2: may well win. America makes so much stuff you can

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Speaker 2: almost always find a local product to support. New Zealand

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Speaker 2: can't because we don't make a lot of stuff. So

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Speaker 2: two questions while we watch this play out. One, do

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Speaker 2: we have a plan of America hits US with tariff's

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Speaker 2: i e. Do we retaliate? And two, given this is

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Speaker 2: admittedly an extreme version of the business, it nevertheless represents

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Speaker 2: a more broadly a growing way of the world, in

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Speaker 2: other words, more protection less free trade. Given we are

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Speaker 2: the original free traders in a world that's moving on.

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Speaker 1: What now news of the world in ninety seconds?

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Speaker 2: Yeah, well, the Trump wrecking ball is being swun. Markets

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Speaker 2: of course reacted. They hate it, and there's more where

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Speaker 2: that came from.

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Speaker 3: The UK is.

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Speaker 4: Way out of line, and we'll see the UK, but

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Speaker 4: European Union is really out of line. UK is out

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Speaker 4: of line. But I'm sure that one think that one

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Speaker 4: can be worked out.

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Speaker 2: More on that shortly transmit on the fine now this

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Speaker 2: morning to Trudeau also shine barm in Mexico, got to

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Speaker 2: break through and work you through that if you've missed it.

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Speaker 2: But in Europe, threats still hang shorts of Germany. He

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Speaker 2: needs this like a hole in the head.

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Speaker 5: What is clear is that as a strong economic area,

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Speaker 5: we can shape our own policies and respond to tariffs

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Speaker 5: with our own tariffs.

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Speaker 6: That is something we must and will do.

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Speaker 5: But the goals should be to proceed in a way

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Speaker 5: that ultimately leads to cooperation.

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Speaker 2: Macron not thrilled either.

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Speaker 7: What's happening with the American choices and declaration of President

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Speaker 7: Trump's new administration is pushing Europeans to be more united,

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Speaker 7: more active in responding to their collective security issue. In

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Speaker 7: other words, there can be no response to Europe's security

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Speaker 7: without Europeans.

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Speaker 2: Back in Canada, it's the small town's close to the

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Speaker 2: American borders. Of course, it will be hardest hit, end

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Speaker 2: the earliest.

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Speaker 8: I point out to the almost two hundred Canadians that

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Speaker 8: died in Afghanistan fighting alongside the Americans. I point out

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Speaker 8: to the energy every day that flows from Alberta and

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Speaker 8: from Sarnia into.

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Speaker 9: The US to make that economy work.

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Speaker 8: Firefighters from Canada in California right now helping there.

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Speaker 2: Then to court where one the bloke who was a

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Speaker 2: soldier for Britain but spired for a run, then escaped

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Speaker 2: from Wandsworth under a truck. He's back in jail.

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Speaker 3: When you join the army as a young man, you

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Speaker 3: had the makings of an exemplary soldier. However, through the

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Speaker 3: repeated violation of your oath of service, you showed yourself

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Speaker 3: to be instead a dangerous fool.

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Speaker 2: And two that World Cup kiss. You remember that this

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Speaker 2: is in court. The player involved still not happy?

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Speaker 10: Is that is INDIANOI Lara.

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Speaker 11: My laughing and yelling was nothing to do with how

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Speaker 11: I was actually feeling as a result of the kiss,

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Speaker 11: and I felt he was taking away a part of

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Speaker 11: my celebration.

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Speaker 2: Finally, into the banana mystery of beets to robery year,

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Speaker 2: there's a plate appeal bananas. They've been left on a

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Speaker 2: street corner during the first couple of days of each month.

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Speaker 2: This is a town of fifty two thousand. Nextly, in

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Speaker 2: our times it would be a city of fifty two thousand.

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Speaker 2: Have made multiple inquiries as concerns were raised by residents

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Speaker 2: of the bananas going moulding. So they put up a sign,

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Speaker 2: which is what you do when you see a lot

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Speaker 2: of bananas on corny guy, I know what we're gon't do.

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Speaker 2: We'll put up by sign. So now they're eagerly anticipating

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Speaker 2: March because that's the next chance to catch whoever it is.

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Speaker 2: Now we're either going to keep you posted on that

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Speaker 2: or completely forget about world. The news of the world

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Speaker 2: in nine few seconds just quickly shinebalm. So they're immediately

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Speaker 2: going to reinforce the northern border with ten thousand members

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Speaker 2: of the National Guard to prevent the drug trafficking. US

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Speaker 2: committed to working to prevent the trafficking with high powered

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Speaker 2: weapons at two Mexico. They'll begin working today on two

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Speaker 2: front security and trade. They're pausing carras from one month.

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Speaker 2: So basically one kneels to Trump. Twelve past six.

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Speaker 1: The Mike Asking Breakfast Full show podcast on iHeartRadio, call

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Speaker 1: It by News Talks eppnother.

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Speaker 2: Big thing this morning at a DOGE actually the US

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Speaker 2: Agency for International Development USAID. Basically, it has been reported

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Speaker 2: this morning that Trump is signed off on Elon Musk's

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Speaker 2: recommendation that they closed the whole thing down. So there

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Speaker 2: are ten thousand people have been told to stay at home,

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Speaker 2: and the chances are how they're all going to lose

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Speaker 2: their job. Fifteen past six. Well, Andrew Keller Hope, good morning,

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Speaker 2: very good morning, Mike. How the will react?

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Speaker 6: Oh my gosh.

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Speaker 11: Well, yesterday morning we talked about the tariff, didn't where,

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Speaker 11: and then we sat and we waited for our markets

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Speaker 11: to open, so we saw a market reaction, and then

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Speaker 11: we waited for the overnight markets. Now, Mike, yesterday morning

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Speaker 11: I made a couple of points. One was that the

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Speaker 11: duration of the tariffs was a pretty key factor, and

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Speaker 11: the other was that markets need to have a chaos

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Speaker 11: premium under Trump. And I think both points have been

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Speaker 11: reasonably well illustrated in the last twenty four hours. So yeah, look,

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Speaker 11: in our time zone, markets sold off. It wasn't a

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Speaker 11: blood bath. We saw in the US share market. Futures

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Speaker 11: contracts falls between sort of one point four percent for

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Speaker 11: the Dow Jones futures contracts through sort of two point

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Speaker 11: six for the Nasdaq. European futures they were down over

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Speaker 11: two and a half percent. Nick A two point six

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Speaker 11: The Aussie market fell two percent. Our market fell one

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Speaker 11: point four percent. But now overnight, as you've just been relaying,

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Speaker 11: sort of more chaos, the tariffs against Mexico being postponed

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Speaker 11: for a month following that call between Trump and Mexican

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Speaker 11: President Claudia Schoenbaim.

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Speaker 6: You've given the details.

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Speaker 11: They're going to sort of throw some more troops at

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Speaker 11: the border, and they're going to try and control the

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Speaker 11: flow of weapons into Mexico. But I think what this

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Speaker 11: highlights is that everything is transactional, and uncertainty is basically

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Speaker 11: part of the mix. And the difficulty in navigating this

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Speaker 11: is that all of the rules in the guidelines seem to.

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Speaker 6: Exist primarily in Trump's head.

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Speaker 11: So markets have reversed and the US share markets have bounced.

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Speaker 6: So the Dow Jones now.

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Speaker 11: Down about zero point four percent, the S and P

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Speaker 11: five hundred, that's sort of moderated the sell of as

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Speaker 11: has the Nasdaq. Just remember that the tariffs against Canada

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Speaker 11: are still in play, but there's a phone call to

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Speaker 11: be had this afternoon. Who knows what comes out from that.

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Speaker 11: On the currencies, New Zealand dollar got hit yesterday. US

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Speaker 11: dollar rally, that's reversed, so key we fell to fifty

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Speaker 11: five twenty very weak. Has bounced to sort of fifty

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Speaker 11: six cent, still below where it was at the end

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Speaker 11: of last week. Cryptocurrencies got hit bitcoining down to ninety

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Speaker 11: two thousand.

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Speaker 6: It has bounced.

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Speaker 11: Interesting on interest rates, Mike, because you sort of get

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Speaker 11: a two pronged reaction on the interest rates. Tariffs present

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Speaker 11: a potential problem for inflation, which draws into question in

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Speaker 11: the extent of monetary policy relief that you're going to

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Speaker 11: get so, particularly in the US, but tariffs also present

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Speaker 11: a growth headwind which is potentially positive for longer interest rates.

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Speaker 6: So the US tenure.

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Speaker 11: Rates fallen a bit, but the US two AR rate

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Speaker 11: is up a little bit. I just want to mention

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Speaker 11: one on the local market. Fish and Pikell Healthcare did

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Speaker 11: come under quite fore ye fair but a prescious day

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Speaker 11: six point sixty five percent fall. They have exposure to

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Speaker 11: manufacturing Mexico, US market's a key one fall than forty

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Speaker 11: five percent roughly of their manufacturings done in Mexico. The

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Speaker 11: company suggested that cost would increase in the twenty six

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Speaker 11: financial year.

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Speaker 6: You would expect to see some relief to that share

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Speaker 6: price on the market today.

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Speaker 11: But this is all I guess we have to have

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Speaker 11: a bit of a reality check here. But Trum's still

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Speaker 11: talking about tarrifs, as you said on the European Union,

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Speaker 11: on the UK, on China, chaos, uncertainty. This is all

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Speaker 11: part of Trump two point zero.

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Speaker 12: Isn't it.

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Speaker 2: It's such good fun. Household inflations my favorite, because that's real,

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Speaker 2: more real world. What do we got?

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Speaker 11: Yeah, I think I just want to quickly make this point. Yesterday,

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Speaker 11: statues in release what I called the Household Living Costs

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Speaker 11: Price INDEXSES, So they are a little bit different from the

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Speaker 11: headline CPI that we normally talk about.

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Speaker 6: This focus is on specific.

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Speaker 11: Inflation for different households differs from CPI, and that includes

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Speaker 11: interest costs, and interest costs are not captured in the CPI.

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Speaker 11: The outcomes are different from CPI. So if you think

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Speaker 11: out there that your costs are moving differently from what

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Speaker 11: the CPI number is.

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Speaker 6: To a small degree, you are right.

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Speaker 11: At a high level, twelve months you've had a three

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Speaker 11: percent increase in the Household Living Costs Index.

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Speaker 6: That that's to the end of December. That compares to

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Speaker 6: CPI two point two.

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Speaker 11: That's because the impact of interest costs gets kind of

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Speaker 11: interest when you break it down into the different households

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Speaker 11: Mike beneficiaries three point three percent increase supernuitants three point

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Speaker 11: six percent, increase lower spending households almost four percent, three

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Speaker 11: point nine percent increase highest spending households two point seven

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Speaker 11: So in there there is sort of I think reason

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Speaker 11: cleariums that inflation hits lower income and older people a

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Speaker 11: bit harder, and household income is different from CPI.

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Speaker 2: Income, and politics is at play with those numbers. Of course,

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Speaker 2: what are the number will be.

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Speaker 11: Dow Jones is down point three percent as I'm looking

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Speaker 11: at it now, so forty four thy four hundred and nineteen,

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Speaker 11: the S and P five hundred point eight, just under

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Speaker 11: the six thousand mark five nine nine one, and the

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Speaker 11: Nasdaq is down one point one seven percent nineteen thousand,

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Speaker 11: three hundred and ninety eight for the record overnight, that

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Speaker 11: PUTS one hundred lost just over one percent.

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Speaker 6: Eight five seven four.

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Speaker 11: The K was down one thousand and fifty two points,

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Speaker 11: which is two point six six percent. The Shanghai Composite's

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Speaker 11: still not trading. The ASEX two hundred lost one hundred

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Speaker 11: and fifty three points yesterday one point seven nine percent

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Speaker 11: eight three seven nine, and we lost one hundred and

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Speaker 11: eighty five points on the NZX fifty one point four

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Speaker 11: to two percent, closing at twelve thousand, eight hundred and

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Speaker 11: ten Kimi dollar is Z point five five nine seven

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Speaker 11: against the US point nine per four five against the

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Speaker 11: Ozzi point five four to three one euro point four

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Speaker 11: to five oh nine pounds eighty six point five to

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Speaker 11: one against the Japanese yend gold rallied.

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Speaker 6: It's over two.

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Speaker 11: Thousand, eight hundred dollars two thousand, eight hundred and seventeen now,

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Speaker 11: and Brent crude has fallen. If there's one silver lining year,

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Speaker 11: seventy five dollars and forty eight cents cheaper oil good.

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Speaker 2: Stuff mate see tomorrow. Andrew kellaher Jmiwealth dot Co, dot

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Speaker 2: z pasking New York demand for office space finally back

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Speaker 2: to pre pandemic levels. Fourth quarter year on year up

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Speaker 2: twenty five percent, which is a lot from Q three

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Speaker 2: to Q four. It's up twelve percent, So New York

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Speaker 2: is six twenty one. Your news Talks.

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

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Speaker 1: powered by News Talks.

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Speaker 2: Eurozone inflation came in a bit hot overnight. They thought

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Speaker 2: two point four. They got two point five energy costs

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Speaker 2: behind that. Mike, I see Panamas now wipe the agreement

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Speaker 2: with China allowing China to manage the Panama Canal. Hugh,

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Speaker 2: I don't know where you're getting that from. That's not

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Speaker 2: my reading. My reading as Rubio was there and said

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Speaker 2: do something about it, and the Panamanian president said, I'm

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Speaker 2: on it. I don't think he's actually done anything yet,

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Speaker 2: but I'm standing to be corrected, U Shine Balm. Here's

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Speaker 2: what they talked about.

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Speaker 13: Forward to a number of proposals were we should set

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Speaker 13: up to national cards on both sides of the frontier

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Speaker 13: to protect the frontier and to avoid drug trafficking.

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Speaker 6: Study.

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Speaker 13: We agreed that there should be a pause to the.

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Speaker 9: Terriff international correspondence with trending.

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Speaker 1: Now with chemist Wells keeping Kiwi's healthy all year round.

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Speaker 2: See what comes out of the Trudeau phone call. Got

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Speaker 2: road rage, Ossie styles for you. Guy called David. He's

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Speaker 2: on TikTok had the green light for pedestrians at a

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Speaker 2: traffic stop. This is in Brisbane. Driver of the BMW

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Speaker 2: ignores it passes while David still on the pedestrian crossing.

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Speaker 2: They flip each other the bird because they're in Brisbane,

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Speaker 2: which caused the driver to do the U turn because

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Speaker 2: they're in Brisbane. Come back for a few choice words.

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Speaker 2: What you do when that happens, by the way, is

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Speaker 2: of course, immediately pull your phone out to film it,

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Speaker 2: thinking wow, this is going to go viral.

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Speaker 6: It was green, buddy, it.

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Speaker 9: Must grab.

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Speaker 8: All right, all right, walks across the road like a

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Speaker 8: termine when it's when it's a green.

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Speaker 10: Yep, you got to learn the rovers buddy, where.

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Speaker 2: He's an angry BMW driver anyway, he might be thinking

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Speaker 2: the old green thing wasn't working, so when he changed tech.

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Speaker 13: Do you ever have a shower looking at your's disgusting?

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Speaker 6: Are you just jealous because you walk in the street?

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Speaker 6: Possible sorts?

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Speaker 2: Well, Brisbane cool one day, even cooler the next. Retail sales,

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Speaker 2: by the way, while I'm thinking about Australia four point

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Speaker 2: six percent for decent of their back household goods up

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Speaker 2: seven percent, sporting goods, cosmetics five percent, clothing, footwear accessories

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Speaker 2: five percent, cafes four percent, food sales three and a

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Speaker 2: half percent. They seem to be going okay, which is

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Speaker 2: just as well for Elbow because he's got an election

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Speaker 2: coming in the day. Now, we're not going so well financially.

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Speaker 2: We've got another one of these centric reports that is

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Speaker 2: bad or is it.

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Speaker 9: The news and the news makers?

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Speaker 1: The mic asking breakfast with al Vida, Retirement communities, Life

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Speaker 1: your Way, news togs.

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Speaker 2: Hed be like's eighty percent of New Zealand wanting a

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Speaker 2: discussion about the treaty. You mean that Seymour has read

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Speaker 2: the room well and Luxon is not. That's the poll

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Speaker 2: that came out Friday. It was this time yesterday we

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Speaker 2: were talking about it on the program. I say, yes,

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Speaker 2: I think you're onto it, Hugh. I think you're probably

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Speaker 2: more right than I am. Melino Panama, he has said

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Speaker 2: he would not renew a twenty seventeen memorandum of understanding

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Speaker 2: to join China's Belton Road. They would instead look forward

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Speaker 2: to more closely working with the US. I think this

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Speaker 2: visit opens the door to build new relations. So that's

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Speaker 2: the Panama and el meantime, another interesting story is Starma.

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Speaker 2: He's at a Brussels meeting EU meeting Brexit meeting, first

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Speaker 2: British leader to do that since they left. So he's

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Speaker 2: walking a fine line.

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Speaker 14: In relation to the relationship between the UK and the

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Speaker 14: US and the EU, I've always been clear that both

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Speaker 14: are important to us. Now that for me isn't new.

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Speaker 14: I think that's always been the case and will be

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Speaker 14: the case for many many years to come.

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Speaker 2: Not entirely true because the parish is going on from

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Speaker 2: the lib Dems to reignite bricks at so he's trying

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Speaker 2: to find a way around that verbally anyway. Meantime, NATO

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Speaker 2: is freaking out about Trump and weapons.

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Speaker 15: It's very clear that the US is setting much more

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Speaker 15: into Europe than Europe is buying from the US. And

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Speaker 15: by the way, collectively we have to.

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Speaker 6: Produce much more.

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Speaker 15: There's so much money floating around and much more will

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Speaker 15: come in because we are spending more. Last year non

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Speaker 15: usl ACE spent eighteen percent more on defense than the

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Speaker 15: year before.

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Speaker 2: That's gone Lord Shorely m Caretainfield in France. Meantime, more

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Speaker 2: insited into the State of New Zealand. Infinential hardships up

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Speaker 2: here is your headline nineteen percent year on year, So

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Speaker 2: that seems a lot, but this is centric start and

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Speaker 2: nearly half of the cases of mortgage show related. Centric

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Speaker 2: managing director Keith McLachlin Beck with re's Keith Morning to you.

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Speaker 9: Good morning, Michael.

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Speaker 2: So I'm trying to paint a positive picture here. So

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Speaker 2: four hundred and seventy thousand people are behind on payments,

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Speaker 2: but that's only up six thousand, not that many. Consumer

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Speaker 2: areas one point three percent higher, not that many personal

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Speaker 2: loans rose to nine point two percent, up from eight

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Speaker 2: point one not that many. Am I being overly optimistic

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Speaker 2: or not?

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Speaker 6: Now?

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Speaker 16: I don't think you are at all, Mike. I think

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Speaker 16: what we find at the moment is that there is

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Speaker 16: a seasonal increase in areas, which has been in place

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Speaker 16: for the last fifteen years December January February. We always

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Speaker 16: find that areas move up because other expenses take some

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Speaker 16: other household budget. So look, I think it is a

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Speaker 16: seasonal thing, and I don't think there's nothing to read

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Speaker 16: into that. But when you look across the trend, I

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Speaker 16: think households got their budgets under control, and I think

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Speaker 16: that you know, things are looking a lot better, though

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Speaker 16: certainly did twelve months ago.

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Speaker 2: Good and so will we flush through the Christmas season

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Speaker 2: and we got the numbers or is there a February

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Speaker 2: or something like that? Still to come.

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Speaker 16: Well. I think it's from an ares de Steck of

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Speaker 16: Sydney February through the probably thinking to March. It's quite tired.

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Speaker 16: I think people spin it up a little bit over Christmas.

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Speaker 16: I think there's back to school expenses, so there is

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Speaker 16: always a bit of a tidy economy or ability to

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Speaker 16: repay over the December January February months. March starts to

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Speaker 16: pick up, and we traditionally find that areas do drop

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Speaker 16: away during the winter period because it discretion, the spinning

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Speaker 16: falls away, and people focus on paying off their debts.

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Speaker 2: So this business and mortgage areas, it's increased to twenty

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Speaker 2: two one hundred people. Am I also write or overly

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Speaker 2: optimistic and saying twenty two thousand people out of a

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Speaker 2: population of five million isn't actually a lot of people

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Speaker 2: in trouble?

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Speaker 17: No, it's not.

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Speaker 16: And I think when you also factor into that that

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Speaker 16: there are hardship cases out there, which is where people

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Speaker 16: are talking to the lenders to say, look, I'm struggling.

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Speaker 16: Can we work through this? But I don't think that

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Speaker 16: we're in a grim situation at all. I think you

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Speaker 16: know you Sidney households are struggling more than others. There

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Speaker 16: are a lot of house about there and it either

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Speaker 16: have very little or no mortgages, lacking confidence to go

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Speaker 16: and spend money, which is impacting small businesses. But I

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Speaker 16: think generally the economy is tracking towards an improvement.

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Speaker 2: I'm encouraged to hear that as far as businesses are concerned,

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Speaker 2: all those liquidations and receiverships we saw before Christmas, do

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Speaker 2: you have any read on that. What's is that there

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Speaker 2: are more where that came from or not years.

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Speaker 16: Look, I think that's the beginning of a bit of

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Speaker 16: a wave. Discretionary spending fell away certainly during the court

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Speaker 16: of last year, because households just didn't have the money,

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Speaker 16: or if they did have it, they weren't prepared to

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Speaker 16: spend it at that stage. I took a conservative approach,

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Speaker 16: and I think the small to medium businesses who didn't

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Speaker 16: have the reserves in place, I didn't have the revenue

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Speaker 16: coming across the counter, and their expenses kept going up

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Speaker 16: and they really struggled. I think coupled with that as

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Speaker 16: the Inland Revenue Department took a softly approach over the

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Speaker 16: last two to three years and they are now reversing

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Speaker 16: that action and they are now quite active and winding

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Speaker 16: up companies that probably should be wound up anyway.

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Speaker 2: So you've given us a bit of positive, you've given

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Speaker 2: us a bit of negative. Where does that leave the

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Speaker 2: Reserve Bank on the nineteenth of February to go to

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Speaker 2: any five or fifty or that's out of your wheelhouse.

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Speaker 16: It's away on my wheethouse. I'm not an economist, so

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Speaker 16: I'd like to see it as much money decnt house

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Speaker 16: on budgets as possible so that we can get it's

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Speaker 16: only stimulated again.

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Speaker 2: Good stuff, Keith, Nice to talk to you, is always

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Speaker 2: Keith McLoughlin Centrics, managing director, eighteen minutes away from seven Scale.

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Speaker 2: Will has said somewhere on the station yesterday that she

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Speaker 2: sort of alluded to the possibility that the twenty eight

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Speaker 2: percent corporate tax rate is not particularly competitive, which it isn't,

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Speaker 2: which then would lead you to go, mmm, hello, twenty

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Speaker 2: twenty six election year, And then that would lead me

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Speaker 2: to thinking, well, hold on, if you're going to adjust

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Speaker 2: the corporate rate, that's a massive gap between a lowered

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Speaker 2: corporate rate and the top tax rate at personal level

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Speaker 2: of thirty nine cents. What are they going to do

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Speaker 2: about that and all of that came out of this

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Speaker 2: treasury paper that's floating about this morning that we will

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Speaker 2: ask Christopher Luxin about. That suggests that they've kind of

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Speaker 2: blown it. That the two point four operating budget two

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Speaker 2: point four billions she did in the budget last year,

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Speaker 2: that's a joke. There are no surpluses coming, the tax

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Speaker 2: isn't what it's supposed to be, and things ain't that bright.

440
00:21:01,000 --> 00:21:04,240
Speaker 2: So more to come shortly eighteen to two the Mic.

441
00:21:04,119 --> 00:21:08,960
Speaker 1: Hosking Breakfast Full Show podcast on iHeartRadio powered by News Talks.

442
00:21:08,960 --> 00:21:12,159
Speaker 2: It be if you're joining us late. Firstly, no excuse,

443
00:21:12,200 --> 00:21:15,200
Speaker 2: but secondly, you've missed the news that Trump has paused

444
00:21:15,240 --> 00:21:19,080
Speaker 2: for a month these Mexican terroffs because Mexico's folded. Basically,

445
00:21:19,200 --> 00:21:19,920
Speaker 2: Marco's happy.

446
00:21:20,200 --> 00:21:24,600
Speaker 18: I think the point in ten thousand National guardsmen on

447
00:21:24,720 --> 00:21:27,480
Speaker 18: the Mexican side from Mexican National gardeners are very good.

448
00:21:27,800 --> 00:21:28,119
Speaker 12: Signed.

449
00:21:28,440 --> 00:21:30,639
Speaker 18: I'm not sure it resolves all the issues that were raised,

450
00:21:31,119 --> 00:21:33,399
Speaker 18: because beyond that there's some trade and balance issues the

451
00:21:33,440 --> 00:21:34,600
Speaker 18: president wants to address.

452
00:21:35,560 --> 00:21:38,359
Speaker 12: But you know, obviously you saw the result.

453
00:21:38,160 --> 00:21:42,600
Speaker 19: Of that international correspondence with ends and eye insurance, peace

454
00:21:42,640 --> 00:21:45,400
Speaker 19: of mind for New Zealand business because Donald still.

455
00:21:45,200 --> 00:21:48,679
Speaker 2: Call them little Marco, lill Markal? Does he call them Elil? Michael?

456
00:21:48,880 --> 00:21:49,479
Speaker 2: Does he call them?

457
00:21:49,520 --> 00:21:49,560
Speaker 20: That?

458
00:21:49,920 --> 00:21:52,320
Speaker 2: Tell you what I'm interested in? If this goes well

459
00:21:52,680 --> 00:21:56,800
Speaker 2: for Trump generally, the automatic assumption is that Jade Vance

460
00:21:56,880 --> 00:22:00,080
Speaker 2: runs for the Republicans in twenty eight. But where's I

461
00:22:00,119 --> 00:22:00,960
Speaker 2: can fit him to that day?

462
00:22:01,880 --> 00:22:02,040
Speaker 17: Now?

463
00:22:02,520 --> 00:22:03,359
Speaker 2: Catherine, how are you?

464
00:22:04,160 --> 00:22:05,920
Speaker 10: I'm fine? Thank you, Michael, good morning.

465
00:22:06,160 --> 00:22:08,280
Speaker 2: Very keen to ask you about Starmer hanging out with

466
00:22:08,359 --> 00:22:09,920
Speaker 2: all you guys in Europe, but I'll come to that

467
00:22:09,960 --> 00:22:12,080
Speaker 2: in just a couple of moment. How freaked out is

468
00:22:12,160 --> 00:22:14,800
Speaker 2: Europe over all? That's unfolding in front of your eyes

469
00:22:14,840 --> 00:22:15,080
Speaker 2: as we.

470
00:22:15,160 --> 00:22:18,240
Speaker 10: Speak, Well, very freaked out.

471
00:22:18,680 --> 00:22:22,159
Speaker 21: Since Donald Trump took off, As of course, minds have

472
00:22:22,280 --> 00:22:25,640
Speaker 21: been somewhat fun or focused, not just on of course

473
00:22:26,680 --> 00:22:30,119
Speaker 21: aggressive Russia and need for the US to be an ally,

474
00:22:30,359 --> 00:22:35,040
Speaker 21: but also of course of Trump's conversations that he's been

475
00:22:35,119 --> 00:22:39,440
Speaker 21: having with Denmark over Greenland. Now, just as I'm speaking,

476
00:22:39,720 --> 00:22:43,080
Speaker 21: the twenty seven EU leaders are meeting in Brussels.

477
00:22:43,119 --> 00:22:44,800
Speaker 10: They've been meeting all day Monday.

478
00:22:44,920 --> 00:22:48,920
Speaker 21: This is so called informal retreat where they can talk

479
00:22:49,000 --> 00:22:52,480
Speaker 21: to another hopefully come up with some sort of policy

480
00:22:52,960 --> 00:22:56,800
Speaker 21: when it comes to defense. The problem is this Mike,

481
00:22:56,960 --> 00:23:00,679
Speaker 21: is that Europe realizes that the US is its major

482
00:23:00,800 --> 00:23:05,359
Speaker 21: ally and really when it comes to defending itself, Europe

483
00:23:05,520 --> 00:23:09,160
Speaker 21: needs the US. It really doesn't have the defense capability

484
00:23:09,280 --> 00:23:13,600
Speaker 21: to protect itself against Russia or anyone else. So they've

485
00:23:13,640 --> 00:23:16,679
Speaker 21: got to figure out what they do when they've got.

486
00:23:16,640 --> 00:23:20,639
Speaker 10: Such an uncertain ally in the White House. Now. President

487
00:23:20,720 --> 00:23:22,400
Speaker 10: Macron of France has been going.

488
00:23:22,280 --> 00:23:26,960
Speaker 21: On for ages about what he called this European strategic autonomy,

489
00:23:27,080 --> 00:23:30,200
Speaker 21: this idea that Europe needs to do everything on its own,

490
00:23:30,600 --> 00:23:32,400
Speaker 21: has to be able to stand on its own two feet.

491
00:23:32,800 --> 00:23:35,080
Speaker 21: But the problem with that mic is, as we saw

492
00:23:35,359 --> 00:23:38,560
Speaker 21: in the early days of the Ukraine or the EU

493
00:23:38,840 --> 00:23:41,879
Speaker 21: just does not have the military industrial capacity to be

494
00:23:41,960 --> 00:23:47,159
Speaker 21: able to rag up the military capacity. You cannot make

495
00:23:47,240 --> 00:23:49,520
Speaker 21: enough shells, cannot make enough tangs, none of.

496
00:23:49,520 --> 00:23:50,320
Speaker 10: This can be done.

497
00:23:50,840 --> 00:23:53,239
Speaker 21: So that's what they're going to try and decide how

498
00:23:53,359 --> 00:23:55,480
Speaker 21: far they go with that. The next problem is the

499
00:23:55,520 --> 00:23:58,040
Speaker 21: course might a lot of those EU countries do not

500
00:23:58,119 --> 00:24:01,040
Speaker 21: want to upset the US. You look at countries in

501
00:24:01,119 --> 00:24:04,800
Speaker 21: Eastern Europe, they want to preserve that relationship with the US.

502
00:24:05,240 --> 00:24:08,280
Speaker 21: So they say, well, okay, let's put more money into

503
00:24:08,560 --> 00:24:11,639
Speaker 21: defense spenditure, but we're going to need to spend it

504
00:24:11,760 --> 00:24:14,520
Speaker 21: in the US by US weapons because of we sort

505
00:24:14,520 --> 00:24:17,720
Speaker 21: of if you like, if you hook the US into Europe's.

506
00:24:17,320 --> 00:24:20,440
Speaker 10: Defense, then they will remain committed to the US to

507
00:24:20,680 --> 00:24:22,760
Speaker 10: the EU. So that's the idea.

508
00:24:23,200 --> 00:24:26,560
Speaker 21: You've got twenty seven nations all having different ideas, but

509
00:24:26,880 --> 00:24:27,800
Speaker 21: which way to go next?

510
00:24:27,960 --> 00:24:29,920
Speaker 2: Right, So here's your next problem. So you talk about

511
00:24:29,960 --> 00:24:34,160
Speaker 2: terrorists for example, So Germany's about to change administrations. Highly

512
00:24:34,359 --> 00:24:37,159
Speaker 2: likely they're going to be isolationist and more conservative. So

513
00:24:37,440 --> 00:24:39,959
Speaker 2: that's potentially a trade war, which is different to macron

514
00:24:40,000 --> 00:24:41,920
Speaker 2: which is different. You know what I'm saying, it's do

515
00:24:42,040 --> 00:24:43,720
Speaker 2: they do it alone or do they do it together?

516
00:24:45,200 --> 00:24:50,080
Speaker 21: Well, they're trying, and it seems very difficult to see

517
00:24:50,560 --> 00:24:53,119
Speaker 21: how they can have united position. You've got things like

518
00:24:53,520 --> 00:24:56,960
Speaker 21: Hungry and Slovakia that are so pro Russia that really

519
00:24:57,040 --> 00:24:59,000
Speaker 21: sometimes you hear what they're saying and you think, wow,

520
00:24:59,080 --> 00:25:02,440
Speaker 21: you know that comes straight out of Putin's speechwriter or

521
00:25:02,560 --> 00:25:03,919
Speaker 21: did they write that themselves.

522
00:25:04,600 --> 00:25:07,679
Speaker 10: Then you have other countries that really.

523
00:25:07,480 --> 00:25:10,440
Speaker 21: Are kind of ready to do some sort of deal

524
00:25:10,600 --> 00:25:14,000
Speaker 21: with the US. Particularly when it comes to you to trade.

525
00:25:14,080 --> 00:25:18,040
Speaker 21: There is a realization that the trade deficit between the

526
00:25:18,160 --> 00:25:20,120
Speaker 21: EU and the US has.

527
00:25:20,040 --> 00:25:23,679
Speaker 10: Been widening since about two thousand and nine. The EU

528
00:25:23,920 --> 00:25:26,680
Speaker 10: does export more to the US than it brings in.

529
00:25:27,520 --> 00:25:29,680
Speaker 21: But you just look at it today, Mike, And this

530
00:25:29,800 --> 00:25:33,000
Speaker 21: is what might be focusing Brains more and Brussels at

531
00:25:33,040 --> 00:25:36,359
Speaker 21: this moment, is that all the European and ended in

532
00:25:36,440 --> 00:25:38,760
Speaker 21: the red today just on the idea.

533
00:25:38,600 --> 00:25:40,520
Speaker 10: That there was going to be this trade dispute.

534
00:25:40,600 --> 00:25:42,960
Speaker 21: So they're going to have to focus on it, and

535
00:25:43,040 --> 00:25:45,040
Speaker 21: they're going to have to decide who's going to be

536
00:25:45,119 --> 00:25:47,080
Speaker 21: the one who's going to talk for everyone.

537
00:25:47,359 --> 00:25:48,920
Speaker 10: Is it going to be Italy who's looking to be

538
00:25:49,200 --> 00:25:52,040
Speaker 10: that mediator between Europe and the US?

539
00:25:52,600 --> 00:25:54,679
Speaker 21: Or are we all going to sort of line up

540
00:25:54,720 --> 00:25:59,239
Speaker 21: behind Germany that's absolutely reluctant to introduce terarists because they

541
00:25:59,520 --> 00:26:01,600
Speaker 21: export so many cars to the US.

542
00:26:02,119 --> 00:26:05,400
Speaker 2: Just real quick, what's that sneaky little Starmer doing there?

543
00:26:05,520 --> 00:26:08,399
Speaker 2: Is he looking to do something with Brexit EU all

544
00:26:08,480 --> 00:26:08,960
Speaker 2: of that or not?

545
00:26:09,640 --> 00:26:12,680
Speaker 21: He is trying to get more trade, freer trade with

546
00:26:12,840 --> 00:26:15,840
Speaker 21: the EU and also trying to pave the way for

547
00:26:16,000 --> 00:26:18,280
Speaker 21: this story which we've covered so much, mke, we hear

548
00:26:18,320 --> 00:26:20,800
Speaker 21: so much about fishing rights in the Atlantic.

549
00:26:20,960 --> 00:26:23,000
Speaker 2: All right, nice to talk to you as always, Catherine

550
00:26:23,200 --> 00:26:27,040
Speaker 2: Catherine Field out of France. Putin says Europe will stand

551
00:26:27,080 --> 00:26:29,720
Speaker 2: at the feet of the Master. He is loving it.

552
00:26:30,119 --> 00:26:31,280
Speaker 2: Nine Away from seven.

553
00:26:31,600 --> 00:26:35,760
Speaker 1: The Mike casting Breakfast with a Vida, Retirement, Communities News

554
00:26:35,800 --> 00:26:36,679
Speaker 1: Togsdad be Mike.

555
00:26:36,720 --> 00:26:38,200
Speaker 2: Do you think it's possible that all the talk of

556
00:26:38,280 --> 00:26:40,639
Speaker 2: tariffs from Trump is putting a shot across the boar

557
00:26:40,800 --> 00:26:42,560
Speaker 2: the economies in order to get them to the table

558
00:26:42,600 --> 00:26:44,840
Speaker 2: to negotiate better deals for the US, and that these

559
00:26:44,920 --> 00:26:47,120
Speaker 2: tariffs won't actually see the light of day, Dave Good

560
00:26:47,240 --> 00:26:50,680
Speaker 2: question answered broadly yes, if it's about trade, as I

561
00:26:50,760 --> 00:26:52,840
Speaker 2: tried to open the program, whether it's not about trade,

562
00:26:53,040 --> 00:26:57,280
Speaker 2: it's about fentonyl or borders. No, So Mexico's already acquiesced.

563
00:26:57,480 --> 00:26:59,720
Speaker 2: Trudeau may or may not acquiesce later on today the

564
00:26:59,800 --> 00:27:03,320
Speaker 2: child will probably acquiesce to a degree. But with Europe

565
00:27:03,320 --> 00:27:05,040
Speaker 2: it's about trade. Then you come to US, and when

566
00:27:05,080 --> 00:27:07,080
Speaker 2: you say deals, we don't have a deal. We have

567
00:27:07,200 --> 00:27:09,119
Speaker 2: no deal with the United States of America, which is

568
00:27:09,200 --> 00:27:11,760
Speaker 2: most unfortunate. But nevertheless, they've never been free traders, So

569
00:27:12,160 --> 00:27:13,920
Speaker 2: I think Andrews sunded it up beautifully. It's all in

570
00:27:14,000 --> 00:27:15,760
Speaker 2: his head, so who knows what it's about.

571
00:27:15,800 --> 00:27:15,960
Speaker 12: Mike.

572
00:27:16,000 --> 00:27:18,720
Speaker 2: With Trump's decision impacting on the market, Kenna's business listed

573
00:27:19,040 --> 00:27:22,200
Speaker 2: on the market's trade shares feels like insider trading. Lynnette's

574
00:27:22,240 --> 00:27:24,960
Speaker 2: exactly what it is. He launched a meme coin the

575
00:27:25,040 --> 00:27:27,960
Speaker 2: other day, and the crypto community, who thought Trump was

576
00:27:28,040 --> 00:27:30,879
Speaker 2: on their side because he talks about crypto and he's

577
00:27:30,960 --> 00:27:33,639
Speaker 2: keen on crypto, goes and launches a mean coin and

578
00:27:33,920 --> 00:27:36,679
Speaker 2: he's made a fortune out of it. That's inside of trading.

579
00:27:36,760 --> 00:27:40,040
Speaker 2: There's no other word for it, it seems. But once again,

580
00:27:40,040 --> 00:27:42,040
Speaker 2: it's a whole new world five minutes away from seven

581
00:27:42,920 --> 00:27:44,520
Speaker 2: for the ins and the ouse.

582
00:27:44,800 --> 00:27:48,880
Speaker 1: It's the fears with business tiber take your business productivity

583
00:27:48,960 --> 00:27:49,920
Speaker 1: to the next level.

584
00:27:50,480 --> 00:27:53,200
Speaker 2: Back home. SME's how they're feeling the smee's into twenty five.

585
00:27:53,240 --> 00:27:56,240
Speaker 2: This is the NYOB survey. End of last year, forty

586
00:27:56,280 --> 00:27:59,800
Speaker 2: three percent reported lower sales than expected. Only eighteen percent

587
00:27:59,840 --> 00:28:03,359
Speaker 2: sales exceeded expectations. Started this year could be turning around

588
00:28:03,920 --> 00:28:05,800
Speaker 2: forty one percent. So they've got the same amount of

589
00:28:05,800 --> 00:28:07,879
Speaker 2: work lined up for Q one This year, thirty percent

590
00:28:07,960 --> 00:28:11,280
Speaker 2: have more, twenty seven percent have less. Most say they're

591
00:28:11,280 --> 00:28:13,359
Speaker 2: turning their attention this year to economic growth. Have been

592
00:28:13,400 --> 00:28:15,640
Speaker 2: listening to the Prime Minister. A quarter of smeeds say

593
00:28:15,640 --> 00:28:17,760
Speaker 2: they're looking to expand this year. Fifty percent say they're

594
00:28:17,760 --> 00:28:20,640
Speaker 2: looking to keep their investment into business. The same twenty

595
00:28:20,720 --> 00:28:23,760
Speaker 2: one percent planning to reduce investment coincides with the centric's

596
00:28:23,800 --> 00:28:26,520
Speaker 2: numbers we just told you about. Of course, heard say

597
00:28:26,560 --> 00:28:29,200
Speaker 2: they spend will go towards more marketing and sales, while

598
00:28:29,280 --> 00:28:33,280
Speaker 2: twenty eight percent say they're looking to expand digitally. Innovation

599
00:28:33,960 --> 00:28:36,119
Speaker 2: is also high on the agenda. It's seen as the

600
00:28:36,160 --> 00:28:39,720
Speaker 2: key mechanism to advance their business. On average, sme is

601
00:28:39,760 --> 00:28:42,000
Speaker 2: going to spend thirty three thousand dollars on twenty twenty

602
00:28:42,040 --> 00:28:44,560
Speaker 2: five on innovation. What does that mean? I'm going to

603
00:28:44,600 --> 00:28:46,680
Speaker 2: spend some money on innovation. What should we do? I now,

604
00:28:46,720 --> 00:28:50,080
Speaker 2: let's innovate. Okay, let's do some productivity. A little bit

605
00:28:50,120 --> 00:28:53,200
Speaker 2: of product to go, buy a bag of productivity. That'll help. However,

606
00:28:53,280 --> 00:28:55,840
Speaker 2: if you look at the manufacturing construction industries, they're looking

607
00:28:55,880 --> 00:28:58,240
Speaker 2: to spend seventy four thousand and sixty three thousand dollars

608
00:28:58,360 --> 00:29:02,880
Speaker 2: on average, respectively on that in ovation. Personally, I just

609
00:29:02,960 --> 00:29:05,160
Speaker 2: buy a nice ad chidele on the Micsking Breakfast. I

610
00:29:05,200 --> 00:29:07,520
Speaker 2: can incite any number of people who love that. That

611
00:29:07,640 --> 00:29:11,040
Speaker 2: brings innovation and productivity, and I am led to believe

612
00:29:11,840 --> 00:29:14,920
Speaker 2: tremendous happiness. But maybe I'm just making that part up.

613
00:29:15,040 --> 00:29:17,840
Speaker 2: Maybe that's inside of trading as well. Maybe maybe no

614
00:29:18,000 --> 00:29:20,480
Speaker 2: rules anymore, I can do whatever I like, Bryce Wilkinson.

615
00:29:20,600 --> 00:29:23,520
Speaker 2: So we've got this problem with Treasury and they're saying

616
00:29:23,560 --> 00:29:25,360
Speaker 2: a whole bunch of stuff about the economy the government

617
00:29:25,360 --> 00:29:27,680
Speaker 2: doesn't want to hear. So do we take that seriously

618
00:29:27,720 --> 00:29:30,480
Speaker 2: because half the time Treasury are wrong of course, or

619
00:29:30,920 --> 00:29:33,360
Speaker 2: do we going treaty wouldn't have a clue. But anyway,

620
00:29:33,480 --> 00:29:36,720
Speaker 2: there is some talk around the corporate tax rate, which

621
00:29:36,800 --> 00:29:40,120
Speaker 2: makes it super interesting given what Nikola will have said

622
00:29:40,120 --> 00:29:41,960
Speaker 2: about that. So we'll dip into that. We'll talk to

623
00:29:42,040 --> 00:29:44,360
Speaker 2: the Prime Minister about it after seven thirty this morning.

624
00:29:45,240 --> 00:29:47,400
Speaker 2: The Paris Accord and whether or not that's a goer

625
00:29:47,600 --> 00:29:50,239
Speaker 2: getting out of the Paris Accord and Greg Johnson, who

626
00:29:50,360 --> 00:29:52,320
Speaker 2: is coming back to the country every time. Just before

627
00:29:52,320 --> 00:29:53,840
Speaker 2: he comes back to the country, he brings the MYC

628
00:29:53,840 --> 00:29:55,600
Speaker 2: Hosking Breakfast for a word, and that's going to happen

629
00:29:55,600 --> 00:29:58,160
Speaker 2: directly after eight o'clock meantime News.

630
00:29:58,160 --> 00:30:02,440
Speaker 9: Is next report you need to start your day.

631
00:30:02,760 --> 00:30:06,880
Speaker 1: The my casting breakfast with the range rover villa designed

632
00:30:07,160 --> 00:30:08,880
Speaker 1: to intrigue and use togs dead.

633
00:30:08,760 --> 00:30:11,240
Speaker 2: Be only seven past seven. So according to a Treasury report,

634
00:30:11,280 --> 00:30:13,760
Speaker 2: the government got themselves in a fiscal hole. There's no surplus.

635
00:30:13,840 --> 00:30:15,400
Speaker 2: They need to cut more. They may even need to

636
00:30:15,440 --> 00:30:16,040
Speaker 2: look at tax.

637
00:30:16,160 --> 00:30:17,760
Speaker 22: If you compare in New Zealand with the rest of

638
00:30:17,840 --> 00:30:20,440
Speaker 22: the world, we're not as competitive as we used to be,

639
00:30:20,680 --> 00:30:23,560
Speaker 22: which is to say that our corporate text level is

640
00:30:23,640 --> 00:30:25,880
Speaker 22: reasonably high when you compare it to the rest of

641
00:30:25,920 --> 00:30:26,920
Speaker 22: the development.

642
00:30:26,680 --> 00:30:29,560
Speaker 2: Which of course is true. Treasury say we need significant

643
00:30:29,680 --> 00:30:33,080
Speaker 2: reform and reductions to public services. Former Treasury Director in

644
00:30:33,080 --> 00:30:34,840
Speaker 2: New Zealand and the should have seen your fellow Bryce

645
00:30:34,840 --> 00:30:38,360
Speaker 2: Wilkinson back with us. Bryce morning, Good morning, Michael. At

646
00:30:38,400 --> 00:30:41,120
Speaker 2: the two point four billion operating that she talked about

647
00:30:41,160 --> 00:30:43,080
Speaker 2: in the budget last year. This is Nichola Willison was

648
00:30:43,120 --> 00:30:44,880
Speaker 2: always going to be tight. Is this coming back to

649
00:30:44,960 --> 00:30:45,600
Speaker 2: bite them a bit?

650
00:30:46,720 --> 00:30:46,880
Speaker 12: Yes?

651
00:30:46,960 --> 00:30:50,880
Speaker 23: I think so. And that was both inclusion after last

652
00:30:50,960 --> 00:30:53,719
Speaker 23: year's budget, as it was the grim out look. They

653
00:30:53,840 --> 00:30:57,880
Speaker 23: parameters you set yourself are very tight and arguably too

654
00:30:58,000 --> 00:31:01,560
Speaker 23: tight to keep within, so you're going to struggle to

655
00:31:01,760 --> 00:31:05,360
Speaker 23: keep on that on that target. It's good to see

656
00:31:05,400 --> 00:31:08,680
Speaker 23: that Treasury is blowing the whistle on it. They seem

657
00:31:08,760 --> 00:31:11,360
Speaker 23: to be on the ball, which is as good because

658
00:31:11,560 --> 00:31:13,000
Speaker 23: this issue is really important.

659
00:31:13,200 --> 00:31:15,400
Speaker 2: You're hanging out with the business community more than I am.

660
00:31:15,440 --> 00:31:18,480
Speaker 2: But even I'm hearing there's a general consensus. Correct me

661
00:31:18,520 --> 00:31:21,280
Speaker 2: if I'm wrong that the government should have gone harder

662
00:31:21,480 --> 00:31:23,680
Speaker 2: earlier and we may not be in the mess we're

663
00:31:23,720 --> 00:31:24,800
Speaker 2: in now. Is that fair or not?

664
00:31:25,920 --> 00:31:29,880
Speaker 23: Well, yeah, that's certainly my view and the view of

665
00:31:31,160 --> 00:31:33,880
Speaker 23: men at my colleagues. So and that was why it

666
00:31:34,040 --> 00:31:36,120
Speaker 23: was such a good blood budge, as it left an

667
00:31:36,200 --> 00:31:39,479
Speaker 23: outlook which looked very difficult for the minister.

668
00:31:40,520 --> 00:31:44,760
Speaker 2: Why is she talking now about corporate tax and if

669
00:31:44,800 --> 00:31:46,040
Speaker 2: there's a move, what would it do?

670
00:31:47,920 --> 00:31:48,800
Speaker 24: This could be good.

671
00:31:49,680 --> 00:31:54,360
Speaker 23: Human's corporate tax rate is high compared to other jurisdictions,

672
00:31:54,400 --> 00:31:57,800
Speaker 23: and in particular the government's looking for a more foreign

673
00:31:57,920 --> 00:32:03,680
Speaker 23: direct investment to helps to me economic growth and improve infrastructure.

674
00:32:04,040 --> 00:32:07,520
Speaker 23: And that's good and its applaud them for that, but

675
00:32:08,720 --> 00:32:12,280
Speaker 23: they're just an answer setting up an institute to attract

676
00:32:12,400 --> 00:32:16,840
Speaker 23: foreign capital and try and compare with Singapore and Ireland.

677
00:32:16,880 --> 00:32:20,520
Speaker 23: But Singapore and Ireland the tax rates, the corporate tax

678
00:32:20,640 --> 00:32:23,000
Speaker 23: rates are more than the teen to twenty percent range.

679
00:32:23,640 --> 00:32:27,440
Speaker 2: So text does matter, Yes, it does. Can you set

680
00:32:27,480 --> 00:32:29,920
Speaker 2: it at twenty cents to compete while having a top

681
00:32:30,040 --> 00:32:30,840
Speaker 2: rate of thirty nine?

682
00:32:33,400 --> 00:32:37,320
Speaker 23: I think that would be very difficult. I'd be worried

683
00:32:37,400 --> 00:32:41,040
Speaker 23: that people would find ways around that to exploit exploit

684
00:32:41,120 --> 00:32:41,840
Speaker 23: it exactly.

685
00:32:41,960 --> 00:32:43,320
Speaker 2: So you go to twenty what do you do with

686
00:32:43,400 --> 00:32:46,440
Speaker 2: thirty nine? And then of course the opposition go nuts

687
00:32:46,480 --> 00:32:48,440
Speaker 2: because they say you run the economy into the ground.

688
00:32:48,440 --> 00:32:51,200
Speaker 2: You've got yourself a recession, you're cutting You know that.

689
00:32:51,360 --> 00:32:53,080
Speaker 2: That's a massive fight an election year, isn't it.

690
00:32:54,520 --> 00:32:55,600
Speaker 25: Yes, it's yeah.

691
00:32:55,800 --> 00:32:58,760
Speaker 23: And you've got to find the money from somewhere else.

692
00:32:58,880 --> 00:33:02,560
Speaker 23: So you've got to have a credible fiscal plan and

693
00:33:02,760 --> 00:33:04,240
Speaker 23: the spender desire has to be.

694
00:33:04,320 --> 00:33:04,920
Speaker 26: Part of that.

695
00:33:05,640 --> 00:33:08,520
Speaker 2: Interesting to talk as always, Bryce preciated very much. Bryce Wilkinson,

696
00:33:08,560 --> 00:33:11,240
Speaker 2: former Treasury direct in New Zealand Initiative Senior fellow. Yes,

697
00:33:11,320 --> 00:33:13,480
Speaker 2: we will raise it with the Prime Minister to seven

698
00:33:13,560 --> 00:33:15,920
Speaker 2: thirty ten minutes past seven. Pasky now to make things

699
00:33:15,920 --> 00:33:18,320
Speaker 2: spicy within the government, Active floated this idea of pulling

700
00:33:18,320 --> 00:33:21,360
Speaker 2: out of Paris as well, David Seymour suggesting it might

701
00:33:21,480 --> 00:33:23,800
Speaker 2: be party policy going into next year's election. The former

702
00:33:23,840 --> 00:33:26,080
Speaker 2: Climate Minister Nick Smith is with us next morning to

703
00:33:26,160 --> 00:33:29,480
Speaker 2: you are you goodnight? Given Trump as the game changed

704
00:33:29,520 --> 00:33:30,440
Speaker 2: on the environment or not.

705
00:33:31,840 --> 00:33:34,600
Speaker 26: All the danger in American politics is the whole issue

706
00:33:34,600 --> 00:33:36,840
Speaker 26: of climate change. There is just so polarized. So when

707
00:33:36,880 --> 00:33:40,000
Speaker 26: it came to Kyoto, the Democrats and then the Republicans

708
00:33:40,040 --> 00:33:42,280
Speaker 26: pulled them out and we've had exactly the same thing

709
00:33:42,360 --> 00:33:45,640
Speaker 26: now playing out with Paris. My hope for New Zealand

710
00:33:45,760 --> 00:33:47,960
Speaker 26: is that we can be a bit more moderate and

711
00:33:48,160 --> 00:33:51,400
Speaker 26: consistent in There are countries likes of the UK and

712
00:33:51,640 --> 00:33:55,240
Speaker 26: in Germany where there's been a more consistent and less

713
00:33:55,320 --> 00:33:58,680
Speaker 26: polarized position. The problem with an issue like climate change

714
00:33:59,040 --> 00:34:01,400
Speaker 26: is that if your government policies foot flopping all the time,

715
00:34:01,480 --> 00:34:03,160
Speaker 26: you're not going to make any progress. And it is

716
00:34:03,240 --> 00:34:06,120
Speaker 26: one of those long term issues. I'm in that headspace

717
00:34:06,200 --> 00:34:09,520
Speaker 26: that says New Zealand does need to do its fair share.

718
00:34:10,000 --> 00:34:12,319
Speaker 26: You'll have the Green Party wanted us to be world

719
00:34:12,440 --> 00:34:16,080
Speaker 26: leaders without being realistic about the impact on jobs and

720
00:34:16,200 --> 00:34:19,000
Speaker 26: the cost of living. You'll have the party saying, hey,

721
00:34:19,080 --> 00:34:21,640
Speaker 26: let's be free loaders and do nothing. I'm one of

722
00:34:21,680 --> 00:34:23,839
Speaker 26: those moderates. It says that New Zealand should do it's

723
00:34:23,880 --> 00:34:25,719
Speaker 26: fair share, and it would be a big mistake for

724
00:34:25,840 --> 00:34:27,400
Speaker 26: New Zealand pull out of Paris.

725
00:34:27,719 --> 00:34:31,279
Speaker 2: Okay, that, Mike, fair share to achieve what though Nick

726
00:34:31,320 --> 00:34:33,840
Speaker 2: of America is not in and Brazil still polluting, and

727
00:34:33,920 --> 00:34:37,239
Speaker 2: India still polluting, and China's still polluting to achieve what.

728
00:34:38,680 --> 00:34:43,279
Speaker 26: Well, I don't accept the world is. Remember there are

729
00:34:43,400 --> 00:34:47,120
Speaker 26: only out of one hundred and ninety seven countries, you've

730
00:34:47,120 --> 00:34:50,040
Speaker 26: got one hundred and ninety three that are in Paris.

731
00:34:50,680 --> 00:34:53,319
Speaker 26: But even if you put an economic leans over it, Mike,

732
00:34:53,800 --> 00:34:57,840
Speaker 26: you know, the European Union is our fourth biggest trading

733
00:34:57,920 --> 00:35:01,360
Speaker 26: partner twenty billion dollars a year. That free trade agreement

734
00:35:01,440 --> 00:35:05,359
Speaker 26: specifically mentioned as climate change. I think in the Trump era,

735
00:35:05,640 --> 00:35:07,839
Speaker 26: trade with the United States is going to be more

736
00:35:07,920 --> 00:35:11,880
Speaker 26: bumpy and more uncertain. And you've got both China and

737
00:35:12,080 --> 00:35:17,120
Speaker 26: Australia as part of the Paris Agreement. So I actually

738
00:35:17,120 --> 00:35:19,560
Speaker 26: think even from an economic lens, it would be a

739
00:35:19,640 --> 00:35:24,360
Speaker 26: big mistake or New Zealand to unilaterally pull out of Paris.

740
00:35:25,200 --> 00:35:28,440
Speaker 26: I do think in that determination about what is New

741
00:35:28,560 --> 00:35:32,640
Speaker 26: Zealand's fair share in terms of constraining our missions, then

742
00:35:32,680 --> 00:35:35,240
Speaker 26: you do need to look at your key trading partners

743
00:35:35,280 --> 00:35:37,839
Speaker 26: and seeing how much progress they are making. It would

744
00:35:37,880 --> 00:35:40,640
Speaker 26: be a game changer if Australia changed its position. I

745
00:35:40,719 --> 00:35:44,600
Speaker 26: don't see any sign of that, either from the Liberal

746
00:35:44,600 --> 00:35:48,279
Speaker 26: opposition or the Labor government in Australia. Here's the other

747
00:35:48,360 --> 00:35:51,759
Speaker 26: interesting piece, Mike, and that is actually if you look

748
00:35:51,840 --> 00:35:55,200
Speaker 26: at the big investments in the technology that is going

749
00:35:55,239 --> 00:35:57,880
Speaker 26: to enable us to get emissions down, whether it be

750
00:35:58,040 --> 00:36:02,200
Speaker 26: solar panels or whether it be electric vehicles. Actually China

751
00:36:02,280 --> 00:36:05,640
Speaker 26: has made huge progress. I suspect the cost of those

752
00:36:05,800 --> 00:36:09,120
Speaker 26: is likely to come down with the tariffs that are

753
00:36:09,160 --> 00:36:13,040
Speaker 26: and being imposed today on the US, such that there

754
00:36:13,120 --> 00:36:16,759
Speaker 26: will be opportunities. We just need to be realistic that

755
00:36:16,840 --> 00:36:19,719
Speaker 26: there is an economic cost to climate change policy, be

756
00:36:19,880 --> 00:36:22,480
Speaker 26: upfront with New Zealanders about that. And that's where I

757
00:36:22,560 --> 00:36:25,080
Speaker 26: come back to. I'm hoping the government will hold the

758
00:36:25,160 --> 00:36:27,400
Speaker 26: line it had New Zealand doing its fair share.

759
00:36:27,200 --> 00:36:28,560
Speaker 2: All right, another thing to ask the Prime Minster for

760
00:36:28,600 --> 00:36:31,040
Speaker 2: about shortly appreciate it. Next Smith, former climate change minister

761
00:36:31,120 --> 00:36:33,040
Speaker 2: now Mayor of Nelson, of course, speaking which the ten

762
00:36:33,080 --> 00:36:36,520
Speaker 2: past seven past consions EV's Toyota comes into the world's

763
00:36:36,520 --> 00:36:39,040
Speaker 2: top selling auto make our ten point eight million last year,

764
00:36:39,120 --> 00:36:43,000
Speaker 2: down a bit. Fifth consecutive year they've won VW the

765
00:36:43,080 --> 00:36:45,839
Speaker 2: BW group they did nine million cars globally, down two

766
00:36:45,840 --> 00:36:49,640
Speaker 2: point three percent. Why as Toyota consistently number one? Everyone

767
00:36:49,800 --> 00:36:52,719
Speaker 2: now agrees they've not gone nuts on evs. They've gone

768
00:36:52,760 --> 00:36:57,160
Speaker 2: the middle, they've gone phead. They still produce internal combustion engines.

769
00:36:57,560 --> 00:36:59,520
Speaker 2: They're not big on the BEVs, They're big on the

770
00:36:59,560 --> 00:37:02,800
Speaker 2: p heare and that's why they're successful. Fourteen past.

771
00:37:04,680 --> 00:37:09,080
Speaker 1: The Like Asking Breakfast Full show podcast on iHeartRadio powered

772
00:37:09,120 --> 00:37:10,120
Speaker 1: by News Talks.

773
00:37:10,040 --> 00:37:12,360
Speaker 2: B looking forward to the catch up with Greeg Johnson,

774
00:37:12,360 --> 00:37:15,120
Speaker 2: who's coming back to the country next months the month

775
00:37:15,160 --> 00:37:16,800
Speaker 2: after anyway, it doesn't matter. He's coming back to the

776
00:37:16,840 --> 00:37:18,640
Speaker 2: country for a tour, so we'll catch up with him.

777
00:37:18,640 --> 00:37:20,960
Speaker 2: Santa Monica, of course with the fire, so we'll look

778
00:37:21,000 --> 00:37:23,360
Speaker 2: to get the inside where there Seventeen past seven, speaking

779
00:37:23,400 --> 00:37:27,080
Speaker 2: of which peered back toned down Grammy Show last night

780
00:37:27,200 --> 00:37:29,800
Speaker 2: kind of loveletter really to Los Angeles post those fires.

781
00:37:29,840 --> 00:37:32,399
Speaker 2: Beyonce finally got the country nod, she got the album

782
00:37:32,440 --> 00:37:34,319
Speaker 2: of the Year, all that sort of stuff. Channel Lines

783
00:37:34,400 --> 00:37:38,000
Speaker 2: US correspondent Read Butler was therein as with us read morning.

784
00:37:39,200 --> 00:37:39,720
Speaker 16: Good morning.

785
00:37:39,800 --> 00:37:39,960
Speaker 12: Yeah.

786
00:37:40,000 --> 00:37:43,040
Speaker 17: It was paired back, but still a lot of fun.

787
00:37:43,440 --> 00:37:46,520
Speaker 17: I reckon there was a lot of nice, fun, upbeat

788
00:37:46,600 --> 00:37:51,360
Speaker 17: performances and from your Sekurras, your Billie Eilish is Sabrina Carpenter,

789
00:37:51,680 --> 00:37:55,759
Speaker 17: Lady Gaga. But then also that undercurrent of the importance

790
00:37:55,880 --> 00:38:00,640
Speaker 17: of paying respects and paying tribute to those who have

791
00:38:00,719 --> 00:38:03,320
Speaker 17: been affected by these wildfires. And raised a lot of money.

792
00:38:03,160 --> 00:38:03,759
Speaker 6: Too, which was good.

793
00:38:03,800 --> 00:38:06,240
Speaker 17: I think more than ten million dollars.

794
00:38:06,800 --> 00:38:09,520
Speaker 2: Kannye in as weird Missus? Was that as weird as

795
00:38:09,560 --> 00:38:09,919
Speaker 2: it looked?

796
00:38:11,360 --> 00:38:11,560
Speaker 12: Yeah?

797
00:38:11,960 --> 00:38:13,960
Speaker 17: Yes, yes, so copped a knife full.

798
00:38:14,120 --> 00:38:14,319
Speaker 2: Yeah.

799
00:38:14,760 --> 00:38:18,200
Speaker 17: It was very strange for a lot of reasons. Primarily obviously,

800
00:38:19,400 --> 00:38:21,520
Speaker 17: there are a lot of people in the red carpet

801
00:38:21,600 --> 00:38:24,840
Speaker 17: dressed to the nines, and Carne's missus, Bianca from I

802
00:38:24,880 --> 00:38:28,680
Speaker 17: think originally from Melbourne, wasn't dressed in anything at all,

803
00:38:28,840 --> 00:38:31,879
Speaker 17: so she rocked up in her fur coat and took

804
00:38:31,920 --> 00:38:36,240
Speaker 17: it off, and she was essentially standing there absolutely stark naked,

805
00:38:37,040 --> 00:38:40,000
Speaker 17: which shocked a lot of people making a statement. So

806
00:38:40,120 --> 00:38:41,880
Speaker 17: the statement are quite for help, I don't know. But

807
00:38:42,040 --> 00:38:46,240
Speaker 17: then weirder than that she was. They then just left.

808
00:38:46,680 --> 00:38:47,080
Speaker 16: They left.

809
00:38:47,120 --> 00:38:49,800
Speaker 17: They didn't even go inside Crypto Arena. There was some

810
00:38:50,000 --> 00:38:53,640
Speaker 17: reporting saying that they might have been kicked out, but

811
00:38:54,120 --> 00:38:56,880
Speaker 17: that was kind of disputed by people in the Grammys.

812
00:38:56,920 --> 00:38:58,759
Speaker 17: I think they just kind of thought they were going

813
00:38:58,800 --> 00:39:01,520
Speaker 17: to rock up, make statement and then and then leave.

814
00:39:01,680 --> 00:39:04,440
Speaker 17: But it was certainly they certainly made a lot of

815
00:39:04,440 --> 00:39:06,640
Speaker 17: headlines in the process of doing that. It was very

816
00:39:06,880 --> 00:39:08,040
Speaker 17: very strange to see.

817
00:39:09,400 --> 00:39:11,920
Speaker 2: I mean, I haven't seen a bit of it yesterday,

818
00:39:12,440 --> 00:39:15,400
Speaker 2: that Chapel Rohan, I mean, for God's sake, So was

819
00:39:15,480 --> 00:39:18,560
Speaker 2: there too much moaning? I mean apart from the Patriot,

820
00:39:18,840 --> 00:39:20,719
Speaker 2: But you know, when I was an artist and no

821
00:39:20,800 --> 00:39:23,239
Speaker 2: one supports me, and I want to be surprisiya. Come on,

822
00:39:24,840 --> 00:39:25,200
Speaker 2: you are.

823
00:39:25,200 --> 00:39:29,440
Speaker 17: Talking to a very big Chapel Roone fan. But I

824
00:39:29,600 --> 00:39:31,799
Speaker 17: do I do see what I do see what you're saying.

825
00:39:31,880 --> 00:39:34,640
Speaker 17: She's that's an interesting one, right because she she's kind

826
00:39:34,680 --> 00:39:38,960
Speaker 17: of like not following the playbook of these artists in

827
00:39:39,200 --> 00:39:40,960
Speaker 17: where they're at this stage in their career, because this

828
00:39:41,080 --> 00:39:44,880
Speaker 17: time last year she was a literal nobody, like nobody

829
00:39:45,400 --> 00:39:48,080
Speaker 17: has had heard of her. She had maybe the tiny

830
00:39:48,160 --> 00:39:51,839
Speaker 17: little group of really dedicated fans. I think my brother

831
00:39:52,040 --> 00:39:54,279
Speaker 17: My brother actually went and saw her at the end

832
00:39:54,320 --> 00:39:56,200
Speaker 17: Moore Theater in Sydney a couple of years ago, and

833
00:39:56,239 --> 00:39:59,120
Speaker 17: there was maybe twenty five people in the theater and

834
00:39:59,200 --> 00:40:02,320
Speaker 17: I had no idea who who she was. Anyway, in

835
00:40:02,360 --> 00:40:05,840
Speaker 17: the past twelve months has just exploded into just she

836
00:40:06,080 --> 00:40:08,839
Speaker 17: is everywhere, like every supermarket you walk into, you hear

837
00:40:08,960 --> 00:40:12,040
Speaker 17: every radio station from in Australia, I'm sure New Zealand

838
00:40:12,120 --> 00:40:15,879
Speaker 17: in the United States certainly, she's just everywhere and selling out.

839
00:40:15,960 --> 00:40:20,279
Speaker 17: And she's got crowd sizes five times Societe at music

840
00:40:20,360 --> 00:40:24,400
Speaker 17: festivals of the Headline Act. So she's doing something right.

841
00:40:24,480 --> 00:40:27,360
Speaker 17: But she's also struggled to deal with this kind of

842
00:40:27,520 --> 00:40:29,919
Speaker 17: rise to fame and she's not not doing what normal

843
00:40:30,000 --> 00:40:32,919
Speaker 17: artists would do in this in this in this state.

844
00:40:33,040 --> 00:40:36,040
Speaker 17: So she's like lashing out at fans, refusing to get selfies,

845
00:40:36,160 --> 00:40:39,759
Speaker 17: She's yelling at photographers on the red carpets, and was

846
00:40:39,800 --> 00:40:41,840
Speaker 17: worried she would do that last night to us, but

847
00:40:41,920 --> 00:40:44,880
Speaker 17: she didn't. And then she Yeah, she's got onto the

848
00:40:45,000 --> 00:40:47,960
Speaker 17: stage last night to accept her Best New Artist Grammy,

849
00:40:48,000 --> 00:40:50,200
Speaker 17: her first Grammy, and then yeah, she's used as an

850
00:40:50,239 --> 00:40:53,400
Speaker 17: opportunity to kind of call out the industry and the

851
00:40:53,480 --> 00:40:57,239
Speaker 17: lack of health insurance from recording a book, labels and

852
00:40:57,840 --> 00:41:00,600
Speaker 17: the like. And she's really kind of use that to

853
00:41:00,680 --> 00:41:02,560
Speaker 17: make a statement, which she I think is getting a

854
00:41:02,600 --> 00:41:07,640
Speaker 17: lot of praise for. But it's certainly and she was

855
00:41:07,680 --> 00:41:09,600
Speaker 17: at that absolute I think she got dumped by a

856
00:41:09,640 --> 00:41:12,960
Speaker 17: record label a couple of years ago and this hadnt

857
00:41:13,560 --> 00:41:16,080
Speaker 17: was cut off, so she's clearly got some grievances there.

858
00:41:16,200 --> 00:41:18,719
Speaker 17: But yeah, she's used that opportunity to get up on

859
00:41:18,800 --> 00:41:20,640
Speaker 17: stage and call it out and some people love it,

860
00:41:20,800 --> 00:41:23,719
Speaker 17: some people hate it, but she just I don't think,

861
00:41:24,560 --> 00:41:25,719
Speaker 17: really cares what people can do.

862
00:41:25,880 --> 00:41:27,520
Speaker 2: No, that's a good right read, it's a good way

863
00:41:27,520 --> 00:41:29,080
Speaker 2: to be and we're probably on the same so i'd

864
00:41:29,120 --> 00:41:31,719
Speaker 2: read listen, I appreciate it very much. I go, well,

865
00:41:32,280 --> 00:41:33,839
Speaker 2: let's get back to the climate in just a moment.

866
00:41:33,920 --> 00:41:34,800
Speaker 2: Seven twenty one.

867
00:41:36,640 --> 00:41:41,400
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

868
00:41:41,480 --> 00:41:42,560
Speaker 1: by News Talks it be.

869
00:41:44,760 --> 00:41:44,880
Speaker 20: Right.

870
00:41:45,000 --> 00:41:47,160
Speaker 2: If you're a business leader, you'll understand that AI has

871
00:41:47,200 --> 00:41:49,800
Speaker 2: got high potential when it comes to complex documents and

872
00:41:49,840 --> 00:41:51,680
Speaker 2: they need to be analyzed. So, if your business is

873
00:41:51,760 --> 00:41:55,400
Speaker 2: involved in intricate analysis of multiple documents and reports, automating

874
00:41:55,440 --> 00:41:58,000
Speaker 2: those workflows with AI is going to provide faster and

875
00:41:58,080 --> 00:42:00,520
Speaker 2: better outcomes at much lower cost. And you'll work is

876
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Speaker 2: that currently doing that work are going to welcome the

877
00:42:03,160 --> 00:42:06,279
Speaker 2: automation of these mundane but critical tasks. They'll be freed

878
00:42:06,360 --> 00:42:09,239
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879
00:42:09,280 --> 00:42:11,279
Speaker 2: elimination of drudgery and their work. How does all this

880
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886
00:42:31,239 --> 00:42:35,000
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889
00:42:42,840 --> 00:42:47,160
Speaker 2: two twenty four. So we've adjusted our climate target last week,

890
00:42:47,560 --> 00:42:50,160
Speaker 2: a climate target which in and of itself, as far

891
00:42:50,200 --> 00:42:51,319
Speaker 2: as they can work out, as part of the whole

892
00:42:51,320 --> 00:42:54,600
Speaker 2: climate debate malaise. There are so many targets involving Paris

893
00:42:54,680 --> 00:42:57,640
Speaker 2: or not involving Paris, or timelines twenty thirty, twenty thirty five,

894
00:42:57,719 --> 00:43:00,880
Speaker 2: twenty forty twenty fifty five percent down A nineteen ninety one,

895
00:43:00,880 --> 00:43:02,880
Speaker 2: two thousand, So many numbers, so much noise. It's no

896
00:43:02,920 --> 00:43:04,960
Speaker 2: wonder so many of us have turned off. It's not

897
00:43:05,080 --> 00:43:07,600
Speaker 2: that the broad idea doesn't have some merit, it's just

898
00:43:07,719 --> 00:43:11,000
Speaker 2: how to kill the buzz obsession, Like the Greens anger fury,

899
00:43:11,080 --> 00:43:13,440
Speaker 2: too many numbers, classic recipe to lose the room. Anyway,

900
00:43:13,800 --> 00:43:16,160
Speaker 2: we adjusted one of our targets. It's not as high

901
00:43:16,160 --> 00:43:19,520
Speaker 2: as it was que the usual outrage. But but is

902
00:43:19,600 --> 00:43:22,440
Speaker 2: it time to ask, even if reluctantly, to ask the

903
00:43:22,520 --> 00:43:25,120
Speaker 2: question as to whether playing our part, if not leading

904
00:43:25,200 --> 00:43:28,359
Speaker 2: the way, as laudable as it may be, is now

905
00:43:28,440 --> 00:43:31,520
Speaker 2: just a pointless exercise. It's always been true that no

906
00:43:31,640 --> 00:43:35,400
Speaker 2: matter what we did, it would literally make no difference

907
00:43:35,440 --> 00:43:38,520
Speaker 2: to the planet. But doing our bit was important. So

908
00:43:38,680 --> 00:43:40,879
Speaker 2: with Trump here and America out of Paris, and China

909
00:43:40,920 --> 00:43:43,640
Speaker 2: and India and Brazil, etc. Doing nothing but boosting emissions,

910
00:43:43,920 --> 00:43:45,320
Speaker 2: what here at the bottom of the world is the

911
00:43:45,360 --> 00:43:48,960
Speaker 2: point ah, Because what has become indisputably clear is that

912
00:43:49,080 --> 00:43:51,360
Speaker 2: one Paris will not be met. None of these targets

913
00:43:51,400 --> 00:43:55,040
Speaker 2: are ever met. Two the price seems high economically. I mean,

914
00:43:55,120 --> 00:43:57,360
Speaker 2: read the piece over the weekend in Britain where it

915
00:43:57,480 --> 00:44:01,480
Speaker 2: was announced nine percent of farmland to go gone. Eventually

916
00:44:01,560 --> 00:44:04,319
Speaker 2: it will be twenty percent, a fifth of all land

917
00:44:04,520 --> 00:44:07,279
Speaker 2: in Britain. Farmland needs to be interfered with in some

918
00:44:07,440 --> 00:44:10,520
Speaker 2: way so they can meet their climate targets. Nice, clean air, fabulous,

919
00:44:10,719 --> 00:44:13,279
Speaker 2: just can't feed the people. It's a hopeless ask. It's

920
00:44:13,320 --> 00:44:15,919
Speaker 2: not real. Hopefully science will save us, as Nixt said,

921
00:44:16,200 --> 00:44:19,000
Speaker 2: because it's increasingly obvious, you've got the lethal combination of

922
00:44:19,120 --> 00:44:21,480
Speaker 2: the countries that don't care, made worse by the fact

923
00:44:21,480 --> 00:44:23,760
Speaker 2: they tend to be the large countries, and the economic

924
00:44:23,840 --> 00:44:27,320
Speaker 2: sacrifice made by everyone else that is simply increasingly beyond

925
00:44:27,360 --> 00:44:29,520
Speaker 2: the pale. We're not putting up with it. In simple terms,

926
00:44:29,760 --> 00:44:32,040
Speaker 2: you need to give up economic growth in order to

927
00:44:32,200 --> 00:44:34,600
Speaker 2: freshen the air or clear the atmosphere. That, to my

928
00:44:34,719 --> 00:44:37,440
Speaker 2: eye is an argument that as more and more evidence

929
00:44:37,440 --> 00:44:40,000
Speaker 2: of failure mounts, is not only never going to be one,

930
00:44:40,719 --> 00:44:45,040
Speaker 2: but harder and harder to even start. Husky, I think

931
00:44:45,080 --> 00:44:47,040
Speaker 2: that the state of the German economy won't be a

932
00:44:47,080 --> 00:44:49,080
Speaker 2: surprise to see the change of direction there on Paris

933
00:44:49,120 --> 00:44:50,399
Speaker 2: with a center right government coming shortly.

934
00:44:50,480 --> 00:44:50,520
Speaker 12: No.

935
00:44:50,560 --> 00:44:53,520
Speaker 2: I agree that trade will be an interesting how they approach,

936
00:44:53,600 --> 00:44:56,480
Speaker 2: and we're assuming that the center right will win. How

937
00:44:56,560 --> 00:44:59,880
Speaker 2: they approach Teriff's trade, borders, immigration, all or that's very

938
00:45:00,000 --> 00:45:01,560
Speaker 2: trump esk in that part of the world. But you're right.

939
00:45:02,000 --> 00:45:05,480
Speaker 2: If somebody in Europe starts to question Paris, then as

940
00:45:05,520 --> 00:45:07,919
Speaker 2: far as I can work out, it's all on. Prime

941
00:45:07,960 --> 00:45:10,200
Speaker 2: Minister are a lot to deal with this morning. He's

942
00:45:10,239 --> 00:45:12,400
Speaker 2: with us directly after the news, which is next on

943
00:45:12,520 --> 00:45:23,000
Speaker 2: the mic Hosking breaks Jane only a ad on away card.

944
00:45:24,200 --> 00:45:28,720
Speaker 12: Not to sell a fit just away.

945
00:45:30,120 --> 00:45:33,080
Speaker 9: New Zealand's voice of reason is Mike.

946
00:45:33,239 --> 00:45:37,240
Speaker 1: The mic Hosking Breakfast with Bailey's real Estate finding the buyers.

947
00:45:37,440 --> 00:45:39,520
Speaker 9: Others can't use togs Head b twenty.

948
00:45:39,320 --> 00:45:41,799
Speaker 2: Three minutes away from Greg Johnson routine. You can't please

949
00:45:41,840 --> 00:45:44,240
Speaker 2: so we'll talk to him after eight o'clock this morning. Meantime,

950
00:45:44,280 --> 00:45:46,320
Speaker 2: the Prime Minister this Tuesday morning, very good morning to you,

951
00:45:48,520 --> 00:45:50,520
Speaker 2: just really quick if we can, because I've got bigger

952
00:45:50,520 --> 00:45:53,759
Speaker 2: fish to fry. The Kirabas thing between Peters and the

953
00:45:53,800 --> 00:45:57,640
Speaker 2: Prime Minister. The present President says yesterday that that has

954
00:45:57,680 --> 00:45:58,480
Speaker 2: that been sorted or not.

955
00:45:59,120 --> 00:46:01,279
Speaker 24: Look, I think it's instance dealing with it. I mean

956
00:46:01,320 --> 00:46:03,120
Speaker 24: he was making a point very clearly, which is we've

957
00:46:03,120 --> 00:46:05,160
Speaker 24: got to have engagement. We send a lot of aid

958
00:46:05,239 --> 00:46:07,799
Speaker 24: money there and you know we've got to be able

959
00:46:07,800 --> 00:46:09,520
Speaker 24: to meet with them. And yeah, he's done a great job.

960
00:46:09,560 --> 00:46:12,520
Speaker 24: He's met with fifty five different leaders in counterparts. We

961
00:46:12,560 --> 00:46:13,400
Speaker 24: want to meet with Carabas.

962
00:46:13,560 --> 00:46:15,799
Speaker 2: But was this just simply a misunderstanding so the aid

963
00:46:15,840 --> 00:46:19,160
Speaker 2: will flow there was a or are they playing silly buggers?

964
00:46:19,360 --> 00:46:21,600
Speaker 24: I think genuinely know he had meetings set up. I

965
00:46:21,640 --> 00:46:24,160
Speaker 24: think they were canceled two or three times, and we

966
00:46:24,280 --> 00:46:25,719
Speaker 24: just want to make the point we need to beat.

967
00:46:25,840 --> 00:46:28,000
Speaker 24: You know, we make a big contribution to the Carabas.

968
00:46:28,080 --> 00:46:30,080
Speaker 24: We want to continue to do so, but that needs

969
00:46:30,120 --> 00:46:31,200
Speaker 24: we need to engage.

970
00:46:31,000 --> 00:46:35,400
Speaker 2: Right Unra, So there's a British Israelis on the phone too,

971
00:46:35,480 --> 00:46:38,959
Speaker 2: Keiostama over the weekend and she's been released. She says

972
00:46:39,000 --> 00:46:43,320
Speaker 2: she was kept in a UN headquarters facility while she

973
00:46:43,480 --> 00:46:46,439
Speaker 2: was a hostage. Now are we know you clearly don't

974
00:46:46,480 --> 00:46:49,480
Speaker 2: know about that, but we reviewed funding for that UN

975
00:46:49,560 --> 00:46:52,600
Speaker 2: agency last year. When you hear that why are we

976
00:46:52,680 --> 00:46:53,520
Speaker 2: funding those people?

977
00:46:53,680 --> 00:46:56,040
Speaker 24: Well, again, you know, we had an issue and a

978
00:46:56,080 --> 00:46:58,479
Speaker 24: concern earlier last year. If you remember we talked about

979
00:46:58,480 --> 00:47:00,520
Speaker 24: I think six months before we meet, had our one

980
00:47:00,560 --> 00:47:02,359
Speaker 24: million dollar payment by the end of thirtieth of June

981
00:47:02,400 --> 00:47:05,840
Speaker 24: last year, and we reassured ourselves after the investigation that

982
00:47:05,920 --> 00:47:07,920
Speaker 24: actually it was all you know, legit, and it was

983
00:47:08,280 --> 00:47:10,239
Speaker 24: Are you reassured now when you well, I mean, I'm

984
00:47:10,239 --> 00:47:11,840
Speaker 24: sure it's something that Winston will look out again if

985
00:47:11,880 --> 00:47:13,960
Speaker 24: there's any concerns there. But I mean, I just don't

986
00:47:14,000 --> 00:47:15,759
Speaker 24: want to go off reports that I haven't been.

987
00:47:16,000 --> 00:47:19,320
Speaker 2: Speaking of Winston. So there was a business desk story

988
00:47:19,400 --> 00:47:22,040
Speaker 2: this week. Months after the announcement, you still hadn't set

989
00:47:22,120 --> 00:47:26,399
Speaker 2: up the schedu or whatever company to chase down some fairies. Remarkably,

990
00:47:26,440 --> 00:47:28,680
Speaker 2: Winston's put out a press release this morning just before

991
00:47:28,719 --> 00:47:31,080
Speaker 2: your appearance on this program say things are all he's

992
00:47:31,200 --> 00:47:35,880
Speaker 2: very good. So he's off to buy the fairy. So

993
00:47:36,320 --> 00:47:38,960
Speaker 2: are you still setting up a company? How is it

994
00:47:39,239 --> 00:47:41,080
Speaker 2: so difficult to buy a couple of ships.

995
00:47:41,400 --> 00:47:43,800
Speaker 24: Well, No, all that he's doing is based off the

996
00:47:43,880 --> 00:47:47,279
Speaker 24: time plan that we have. He's actually got some time

997
00:47:47,360 --> 00:47:49,120
Speaker 24: up until the end of March to look upon whether

998
00:47:49,160 --> 00:47:51,000
Speaker 24: there's a better way to improve the offer that we

999
00:47:51,080 --> 00:47:53,239
Speaker 24: put together at the end of last year. So that's

1000
00:47:53,280 --> 00:47:55,919
Speaker 24: all he's doing with that press statement today is making

1001
00:47:55,960 --> 00:47:58,440
Speaker 24: sure that he kicks off that process and then obviously

1002
00:47:58,520 --> 00:48:00,800
Speaker 24: locks and on what they preferred. If he can improve

1003
00:48:00,840 --> 00:48:02,480
Speaker 24: on what we what we put together as a cabinet

1004
00:48:02,480 --> 00:48:05,000
Speaker 24: at the end of the last year, great, If he can't,

1005
00:48:05,160 --> 00:48:06,399
Speaker 24: great because we've got a good plan.

1006
00:48:06,719 --> 00:48:08,360
Speaker 2: I didn't ask you about this last week because I

1007
00:48:08,360 --> 00:48:11,360
Speaker 2: didn't have time, But was the handing off from Nikola

1008
00:48:11,400 --> 00:48:14,320
Speaker 2: Willis to Winston Peters as the newly fomed Minister of

1009
00:48:14,560 --> 00:48:18,759
Speaker 2: Ships the worst moment of your tenure so far. You

1010
00:48:18,880 --> 00:48:21,880
Speaker 2: took months to do nothing. Just before Christmas you announced

1011
00:48:21,920 --> 00:48:24,040
Speaker 2: Winston's the Minister of Ships. I mean, what the hell's

1012
00:48:24,040 --> 00:48:24,439
Speaker 2: that about?

1013
00:48:25,480 --> 00:48:27,439
Speaker 24: No, look, I think you know, like Winston's got great

1014
00:48:27,480 --> 00:48:30,360
Speaker 24: expertise in rail He knows it well, he's passionate about it.

1015
00:48:30,760 --> 00:48:31,880
Speaker 24: He's the right person to leave it.

1016
00:48:31,920 --> 00:48:33,959
Speaker 2: But you had all those months you were mucking around

1017
00:48:34,040 --> 00:48:37,080
Speaker 2: last year to the wharf.

1018
00:48:37,320 --> 00:48:39,160
Speaker 24: No, we were actually trying to get a grip on

1019
00:48:39,280 --> 00:48:41,520
Speaker 24: what the situation was. And that's been a lot of

1020
00:48:41,560 --> 00:48:43,279
Speaker 24: what the first twelve months was about. Whether it was

1021
00:48:43,360 --> 00:48:45,239
Speaker 24: the need in hospital, where it was fairies, whether it

1022
00:48:45,360 --> 00:48:48,000
Speaker 24: was farmac drugs funding. You know, there was a lot

1023
00:48:48,040 --> 00:48:49,600
Speaker 24: of stuff we're trying to work out as we work

1024
00:48:49,640 --> 00:48:51,839
Speaker 24: our way through those books as to what we're actually

1025
00:48:51,880 --> 00:48:54,640
Speaker 24: standing on. And I think, yeah, I get it. You know,

1026
00:48:54,680 --> 00:48:56,120
Speaker 24: you think it took too long, But at the end

1027
00:48:56,120 --> 00:48:58,600
Speaker 24: of the day, we've got time. The fairies get replaced

1028
00:48:58,600 --> 00:49:01,200
Speaker 24: in twenty twenty nine, since got a window to improve

1029
00:49:01,239 --> 00:49:03,600
Speaker 24: on the deal. If he can, great, If not, we good.

1030
00:49:03,719 --> 00:49:05,799
Speaker 2: I watched as I watched the Kaentuck, you get towed

1031
00:49:05,840 --> 00:49:07,920
Speaker 2: back into port over the summer holidays. Yet again, do

1032
00:49:07,960 --> 00:49:09,759
Speaker 2: you really have to twenty twenty nine or more like

1033
00:49:09,920 --> 00:49:10,960
Speaker 2: twenty twenty six.

1034
00:49:10,960 --> 00:49:11,200
Speaker 12: We do?

1035
00:49:11,480 --> 00:49:12,760
Speaker 2: I just stick like bollocks.

1036
00:49:12,960 --> 00:49:16,279
Speaker 24: Well, no, I disagree they can. It's about maintenance and

1037
00:49:16,360 --> 00:49:18,480
Speaker 24: I think here we rail like you get you know,

1038
00:49:18,640 --> 00:49:21,719
Speaker 24: a transport company, a trucking company or an airline. You

1039
00:49:21,800 --> 00:49:24,120
Speaker 24: can have assets and they need to be well maintained.

1040
00:49:24,280 --> 00:49:26,120
Speaker 24: And you know, when we've seen some of the challenges,

1041
00:49:26,440 --> 00:49:28,080
Speaker 24: you know, that's on key. We rail to make sure

1042
00:49:28,160 --> 00:49:30,560
Speaker 24: that they're investing in the right way, keeping those assets

1043
00:49:30,600 --> 00:49:32,759
Speaker 24: in tip top condition and the repairs and maintenance are

1044
00:49:32,840 --> 00:49:33,280
Speaker 24: up to scratch.

1045
00:49:33,320 --> 00:49:35,360
Speaker 2: The Ted Cruz thing over the weekend, has that been sorted?

1046
00:49:35,760 --> 00:49:35,960
Speaker 12: Yeah?

1047
00:49:35,960 --> 00:49:38,279
Speaker 24: I mean as you can see, you know, as you know,

1048
00:49:38,360 --> 00:49:40,600
Speaker 24: I met with Ted Cruz actually in July. We got

1049
00:49:40,640 --> 00:49:43,120
Speaker 24: on very well, but he you know, they went off

1050
00:49:43,160 --> 00:49:45,920
Speaker 24: on some misinformation and you know, very clearly Israelis can

1051
00:49:45,960 --> 00:49:50,080
Speaker 24: come to this country without having under the visa waiver program,

1052
00:49:50,600 --> 00:49:53,080
Speaker 24: without actually having to even apply for a visa. The

1053
00:49:53,320 --> 00:49:57,160
Speaker 24: article where he reacted to, they've withdrawn on their article, which.

1054
00:49:57,000 --> 00:50:00,480
Speaker 2: Is good, okay, Wayne Brown, and I assume correct in

1055
00:50:00,560 --> 00:50:03,359
Speaker 2: saying this and talking about tourism and getting more people here.

1056
00:50:03,800 --> 00:50:06,840
Speaker 2: The government should reciprocate China's policy of allowing New Zealand

1057
00:50:06,880 --> 00:50:09,160
Speaker 2: as visa free access of visiting China for less than

1058
00:50:09,160 --> 00:50:09,640
Speaker 2: thirty days.

1059
00:50:09,680 --> 00:50:11,239
Speaker 12: Do we not do that? Well?

1060
00:50:11,360 --> 00:50:13,759
Speaker 24: There are there are some challenges about how we can

1061
00:50:13,840 --> 00:50:15,280
Speaker 24: power up the Chinese tourists.

1062
00:50:15,520 --> 00:50:17,160
Speaker 2: Why don't we just open the door and say welcome.

1063
00:50:17,280 --> 00:50:19,560
Speaker 24: Well, that's that's that's that's exactly what we're talking about.

1064
00:50:19,560 --> 00:50:21,840
Speaker 24: That if I've got the digital momads going off. But

1065
00:50:21,960 --> 00:50:24,279
Speaker 24: that's also something that Louise Upson and Nicola what us

1066
00:50:24,360 --> 00:50:26,520
Speaker 24: looking at right now? At with Erica Stamford, should.

1067
00:50:26,280 --> 00:50:29,000
Speaker 2: They be looking at something a little bit faster? Once again,

1068
00:50:29,000 --> 00:50:30,600
Speaker 2: are you caught short? I mean, why is it I

1069
00:50:30,680 --> 00:50:32,719
Speaker 2: can go to China apparently visa free, and they can't

1070
00:50:32,760 --> 00:50:34,799
Speaker 2: come here visa free. Why don't we reciprocate and get.

1071
00:50:34,719 --> 00:50:34,960
Speaker 12: On with this?

1072
00:50:35,080 --> 00:50:36,880
Speaker 24: Well, again, it's one of the where we're looking at

1073
00:50:36,920 --> 00:50:39,000
Speaker 24: whatever we can to turn tourism them on fast because

1074
00:50:39,000 --> 00:50:40,080
Speaker 24: it doesn't need anything.

1075
00:50:40,400 --> 00:50:43,640
Speaker 2: A reciprocation of So Wayne Brown's actually onto this. Well

1076
00:50:43,719 --> 00:50:46,680
Speaker 2: Brown Tourism is better at tourism than the Ministry of

1077
00:50:46,840 --> 00:50:48,640
Speaker 2: Is that why you say, Matt Doocy? No, No, I

1078
00:50:48,760 --> 00:50:50,520
Speaker 2: just say to you that we are looking at everything

1079
00:50:50,600 --> 00:50:52,560
Speaker 2: we can do. There's those issues, but there's other issues

1080
00:50:52,560 --> 00:50:54,000
Speaker 2: that we can do in to what are the problems?

1081
00:50:54,040 --> 00:50:56,040
Speaker 2: What are the whole what's the hold up of reciprocating

1082
00:50:56,120 --> 00:50:57,200
Speaker 2: something that they already give us?

1083
00:50:57,360 --> 00:51:00,960
Speaker 24: There will be there'll be genuine immigration concern. To me, well,

1084
00:51:01,239 --> 00:51:02,480
Speaker 24: just to make sure the I'm coming here for a

1085
00:51:02,520 --> 00:51:04,440
Speaker 24: seven day holiday, what's the sure But we've got to

1086
00:51:04,480 --> 00:51:05,960
Speaker 24: make sure that that actually works well.

1087
00:51:06,000 --> 00:51:07,360
Speaker 2: And so you know, how come they can do it

1088
00:51:07,400 --> 00:51:09,279
Speaker 2: and we can't. Well, we're looking at it, I'm telling you,

1089
00:51:09,360 --> 00:51:13,160
Speaker 2: but you're at eighty seven percent of pre and you've

1090
00:51:13,200 --> 00:51:16,080
Speaker 2: already articulated in your growth, growth, growth strategy that one

1091
00:51:16,080 --> 00:51:17,720
Speaker 2: of the areas we need to move on is tourism.

1092
00:51:17,920 --> 00:51:19,200
Speaker 2: Wayne Brown's doing the thinking for.

1093
00:51:19,280 --> 00:51:21,719
Speaker 24: And we're doing digital nomads, and we're also looking at this,

1094
00:51:21,840 --> 00:51:22,960
Speaker 24: and we're looking at a bunch of other things.

1095
00:51:23,600 --> 00:51:25,520
Speaker 2: That's the word you're looking. Why are you still looking

1096
00:51:25,560 --> 00:51:26,719
Speaker 2: at not doing because.

1097
00:51:26,480 --> 00:51:27,920
Speaker 24: You actually do need to actually make sure you've got

1098
00:51:27,920 --> 00:51:28,719
Speaker 24: good policy in place.

1099
00:51:28,800 --> 00:51:30,799
Speaker 2: Are you worried about the Chinese? Is there's something there

1100
00:51:30,880 --> 00:51:31,759
Speaker 2: that I don't know about.

1101
00:51:31,880 --> 00:51:33,560
Speaker 24: No, No, we're just making sure that we get at

1102
00:51:33,600 --> 00:51:36,200
Speaker 24: immigration settings right and that we actually think through it.

1103
00:51:36,280 --> 00:51:37,880
Speaker 2: It's not immigrations tourism, it's.

1104
00:51:37,760 --> 00:51:39,880
Speaker 24: Tourism, but it's about visa settings and making sure we

1105
00:51:39,960 --> 00:51:40,919
Speaker 24: just get that we're very.

1106
00:51:40,840 --> 00:51:43,320
Speaker 2: Open to Chinese is what's the problem if they do

1107
00:51:43,400 --> 00:51:44,680
Speaker 2: it for us. Why can't we do it for them

1108
00:51:44,840 --> 00:51:46,799
Speaker 2: like as of today, stroke of the ping Executive Bard,

1109
00:51:46,920 --> 00:51:47,440
Speaker 2: let's get on with this.

1110
00:51:47,560 --> 00:51:49,120
Speaker 24: New Zeala needs to make sure when it looks at

1111
00:51:49,200 --> 00:51:50,520
Speaker 24: visas and when it looks at all those things, that

1112
00:51:50,600 --> 00:51:51,799
Speaker 24: it thinks through all the consequences.

1113
00:51:52,080 --> 00:51:54,560
Speaker 2: Were worried about that something there that you need to

1114
00:51:54,560 --> 00:51:54,800
Speaker 2: tell me.

1115
00:51:55,719 --> 00:51:58,279
Speaker 24: We're looking at visas around international students. It's linked to that,

1116
00:51:58,440 --> 00:52:00,279
Speaker 24: it's also linked to tourism. There's a whole bunch of

1117
00:52:00,320 --> 00:52:00,600
Speaker 24: things we.

1118
00:52:00,600 --> 00:52:03,160
Speaker 2: Need to do. Okay, So Shane Jones, the Bank of

1119
00:52:03,200 --> 00:52:06,000
Speaker 2: New Zealand, how is it possible that the Bank of

1120
00:52:06,400 --> 00:52:09,960
Speaker 2: New Zealand wants to close down coal mines? Yea and

1121
00:52:10,120 --> 00:52:12,080
Speaker 2: writes to them and says you can't have a card

1122
00:52:12,320 --> 00:52:13,080
Speaker 2: debit credit.

1123
00:52:13,719 --> 00:52:13,919
Speaker 12: Why.

1124
00:52:14,239 --> 00:52:18,000
Speaker 24: It's utterly unacceptable, utterly unacceptable. And that's what we've got

1125
00:52:18,080 --> 00:52:20,319
Speaker 24: to change. And we've made it very clear in our

1126
00:52:20,360 --> 00:52:23,200
Speaker 24: comments and I hope the bank CEOs are noticing our language,

1127
00:52:23,239 --> 00:52:25,960
Speaker 24: which is you've got to finance things that kiwis need

1128
00:52:26,480 --> 00:52:29,560
Speaker 24: and not financing service stations or coal companies. Those are

1129
00:52:29,600 --> 00:52:31,759
Speaker 24: things that New Zealand needs are going for big time.

1130
00:52:32,440 --> 00:52:34,160
Speaker 24: And so whether it's been the beans, heat on service

1131
00:52:34,200 --> 00:52:36,920
Speaker 24: stations or any o the other banks. Their job is

1132
00:52:36,960 --> 00:52:39,319
Speaker 24: not politically posturing. Their job is to finance the things

1133
00:52:39,360 --> 00:52:41,319
Speaker 24: that Kiwis need. Have you told them that, well, I mean,

1134
00:52:41,360 --> 00:52:43,160
Speaker 24: apart from now, we'll make it very clear. We made

1135
00:52:43,160 --> 00:52:44,880
Speaker 24: it pretty clear of the last week. And you know

1136
00:52:44,960 --> 00:52:47,960
Speaker 24: we've got a Sleet Committee inquiry going on as you had. No,

1137
00:52:48,840 --> 00:52:50,719
Speaker 24: that's about competition, sure, but as we but on this

1138
00:52:50,800 --> 00:52:53,000
Speaker 24: particular issue, we're very happy to call back in the

1139
00:52:53,080 --> 00:52:55,360
Speaker 24: chairs and CEOs discuss this exact issue is can you

1140
00:52:56,160 --> 00:52:56,440
Speaker 24: do this.

1141
00:52:56,600 --> 00:52:58,239
Speaker 2: Or is Shane Jones going to have to do something

1142
00:52:58,239 --> 00:52:58,879
Speaker 2: about that law?

1143
00:52:59,160 --> 00:53:01,880
Speaker 24: Well, I mean I think the banks need to realize

1144
00:53:01,920 --> 00:53:04,320
Speaker 24: that actually the public of New Zealand want them to

1145
00:53:04,360 --> 00:53:06,839
Speaker 24: give them a fair and better deal. They don't want

1146
00:53:06,880 --> 00:53:09,759
Speaker 24: this political posturing going on. And actually, when you sit

1147
00:53:09,840 --> 00:53:11,880
Speaker 24: there and you know we came out on the Ben's end,

1148
00:53:11,880 --> 00:53:14,000
Speaker 24: you know they want to not fund service stations in

1149
00:53:14,080 --> 00:53:16,719
Speaker 24: provincial New Zealand for example. Well, we've got two to

1150
00:53:16,760 --> 00:53:19,200
Speaker 24: three percent electric vehicle penetration at the moment. It ain't

1151
00:53:19,200 --> 00:53:21,120
Speaker 24: going to change in a hurry, and frankly that's not

1152
00:53:21,160 --> 00:53:22,480
Speaker 24: their decision exactly.

1153
00:53:22,640 --> 00:53:25,960
Speaker 2: So will you need to pass some sort of law.

1154
00:53:26,200 --> 00:53:28,200
Speaker 24: Well, we're open to looking at whatever we need to.

1155
00:53:28,360 --> 00:53:30,759
Speaker 24: I personally think haul this, cheers and CEOs and ask

1156
00:53:30,840 --> 00:53:32,520
Speaker 24: that specific question. Get them back in front of that

1157
00:53:32,600 --> 00:53:33,360
Speaker 24: inquiry again.

1158
00:53:33,200 --> 00:53:34,799
Speaker 2: On although so we signed the Paris thing.

1159
00:53:35,160 --> 00:53:38,480
Speaker 24: Well again they their job is to finance the things

1160
00:53:38,520 --> 00:53:41,440
Speaker 24: that New Zealanders need. These are legitimate businesses. Actually you

1161
00:53:41,520 --> 00:53:43,920
Speaker 24: cannot if you don't want to finance a mining company.

1162
00:53:44,000 --> 00:53:46,400
Speaker 24: Will we need critical minerals to actually make the transition

1163
00:53:46,480 --> 00:53:50,160
Speaker 24: to clean energy growth? Well, I don't know how much

1164
00:53:50,200 --> 00:53:51,920
Speaker 24: clearer we can be, but we're sort of losing a

1165
00:53:52,000 --> 00:53:54,719
Speaker 24: lot of patience as the best part.

1166
00:53:54,719 --> 00:53:55,440
Speaker 2: Are you going to do about it?

1167
00:53:55,920 --> 00:53:56,120
Speaker 12: Well?

1168
00:53:56,280 --> 00:53:58,800
Speaker 2: And why is Shane Jones leading this? Well, it's a

1169
00:53:58,840 --> 00:54:01,399
Speaker 2: way that we all feel. We all so all you're

1170
00:54:01,480 --> 00:54:03,480
Speaker 2: on locksteps. So at New Zealand first.

1171
00:54:03,280 --> 00:54:07,160
Speaker 24: And yeh, it's unacceptable, unacceptable that actually we've got banks

1172
00:54:07,200 --> 00:54:10,000
Speaker 24: making decisions not to finance things that Kiwis desperately need.

1173
00:54:10,200 --> 00:54:12,520
Speaker 2: Right, so we can say now on this program because

1174
00:54:12,520 --> 00:54:14,600
Speaker 2: they'll all be listening, it stops now.

1175
00:54:14,800 --> 00:54:16,640
Speaker 24: We want yep. And if the CEOs are hearing me

1176
00:54:16,719 --> 00:54:20,120
Speaker 24: clearly right now, we are incredibly frustrated about it. It's

1177
00:54:20,160 --> 00:54:23,319
Speaker 24: not right. Go back and revisit your policies on.

1178
00:54:23,360 --> 00:54:26,839
Speaker 2: Okay, is acting right that we need to think about

1179
00:54:26,880 --> 00:54:27,600
Speaker 2: getting out of Paris.

1180
00:54:28,640 --> 00:54:31,920
Speaker 24: No, because we're acting in New Zealand's national interests and

1181
00:54:32,000 --> 00:54:34,680
Speaker 24: we want to grow the economy. And I'm telling you

1182
00:54:34,840 --> 00:54:38,239
Speaker 24: now coming out of Paris is not the way you

1183
00:54:38,320 --> 00:54:41,160
Speaker 24: grow the economy. That would just punish farmers. And you've

1184
00:54:41,160 --> 00:54:43,719
Speaker 24: got to remember ten thousand dollars every man, woman, a

1185
00:54:43,800 --> 00:54:46,279
Speaker 24: child in this country comes from agriculture. And I can

1186
00:54:46,360 --> 00:54:50,160
Speaker 24: tell you right now, large multinational companies, competitive countries from

1187
00:54:50,239 --> 00:54:52,640
Speaker 24: Europe would love to substitute New Zealand products on shelves

1188
00:54:52,680 --> 00:54:55,520
Speaker 24: with European products and that ain't gonna happen. And so

1189
00:54:56,560 --> 00:54:58,560
Speaker 24: you know, that's why we're acting brutally in New Zealand's

1190
00:54:58,600 --> 00:55:00,600
Speaker 24: national interests because we want to power up economic growth

1191
00:55:00,640 --> 00:55:02,439
Speaker 24: and I can tell you're coming out of Paris would

1192
00:55:02,480 --> 00:55:03,640
Speaker 24: really hurt economic growth.

1193
00:55:03,920 --> 00:55:06,280
Speaker 2: The treasury stuff that's floating around this morning.

1194
00:55:06,160 --> 00:55:08,680
Speaker 24: That's why, sorry, Michael, that's why as a cabinet we

1195
00:55:08,840 --> 00:55:11,279
Speaker 24: all agreed, all the parties and that cabinet agreed on

1196
00:55:11,400 --> 00:55:12,280
Speaker 24: this understood.

1197
00:55:12,320 --> 00:55:13,920
Speaker 2: Are you going to play with the corporate text rates?

1198
00:55:13,960 --> 00:55:14,320
Speaker 2: Soon or not.

1199
00:55:14,680 --> 00:55:16,560
Speaker 24: Well, we're open to looking at all our tax settings

1200
00:55:16,600 --> 00:55:17,399
Speaker 24: that encourage its growth.

1201
00:55:17,440 --> 00:55:19,560
Speaker 2: I'm not going to win this budget and this budget yeap,

1202
00:55:19,640 --> 00:55:22,040
Speaker 2: So we could be talking about corporate text cuts this budget.

1203
00:55:22,080 --> 00:55:24,120
Speaker 24: I'm not going to talk about what those measures may be.

1204
00:55:24,360 --> 00:55:27,239
Speaker 24: So you're looking at the tax cut we're looking at

1205
00:55:27,600 --> 00:55:29,920
Speaker 24: We're open to looking at taxation measures, and there's a

1206
00:55:30,000 --> 00:55:32,879
Speaker 24: range of them that would actually incentivize and encourage growth.

1207
00:55:32,960 --> 00:55:34,960
Speaker 2: How can you cut corporate I mean, good on you,

1208
00:55:35,080 --> 00:55:37,080
Speaker 2: well done, get on with it. How can you cut

1209
00:55:37,160 --> 00:55:39,120
Speaker 2: corporate and leave at thirty nine the top rate? Then,

1210
00:55:39,120 --> 00:55:40,240
Speaker 2: because you'll have issues?

1211
00:55:40,800 --> 00:55:42,920
Speaker 24: Well, again, I'm not going to talk about it as

1212
00:55:42,920 --> 00:55:44,520
Speaker 24: a theory of fear. I'm not going to talk.

1213
00:55:44,360 --> 00:55:46,680
Speaker 2: About the theory of it either because no theory, no idea.

1214
00:55:46,719 --> 00:55:49,240
Speaker 24: I mean, it's not fear going into a budget conversation

1215
00:55:49,360 --> 00:55:52,960
Speaker 24: to be talking about our text policy discussion.

1216
00:55:53,120 --> 00:55:55,200
Speaker 2: How do you lower corporate while keeping the top rate

1217
00:55:55,320 --> 00:55:56,399
Speaker 2: and the gap being too high?

1218
00:55:56,520 --> 00:55:58,440
Speaker 24: Well, the challenge we've got is how do you drive

1219
00:55:58,520 --> 00:56:00,200
Speaker 24: more economic productivity? Year?

1220
00:56:00,440 --> 00:56:00,600
Speaker 12: Text?

1221
00:56:00,840 --> 00:56:02,840
Speaker 2: Couldn't agree more? Yeah, low tex traits one way, the

1222
00:56:05,040 --> 00:56:07,560
Speaker 2: investments to the top that'll be good. That's what i

1223
00:56:07,640 --> 00:56:10,320
Speaker 2: want to hear lower, lower the top rate, lower the

1224
00:56:10,440 --> 00:56:13,000
Speaker 2: corporate get on it again. We're looking at that well,

1225
00:56:13,000 --> 00:56:14,879
Speaker 2: we're looking at our text sittings as you heard heard

1226
00:56:14,960 --> 00:56:16,920
Speaker 2: Nicholas say yesterday as well. And will they be implemented

1227
00:56:16,960 --> 00:56:19,000
Speaker 2: as a what next year election? You as part of

1228
00:56:19,040 --> 00:56:21,080
Speaker 2: our budget this year but to go you don't do

1229
00:56:21,160 --> 00:56:22,560
Speaker 2: it instantly, you'll be doing it for next year.

1230
00:56:22,640 --> 00:56:24,120
Speaker 24: But but we want to be able to announce things

1231
00:56:24,160 --> 00:56:24,600
Speaker 24: at the budget.

1232
00:56:24,600 --> 00:56:26,359
Speaker 2: So you'll announce it them the budget to go into election.

1233
00:56:26,480 --> 00:56:29,560
Speaker 2: You with text cuts, we will I'm not there was

1234
00:56:29,600 --> 00:56:34,000
Speaker 2: close enough, it's close enough. Will you fix that? Well?

1235
00:56:34,400 --> 00:56:36,080
Speaker 24: What do we want the text? We're open to look

1236
00:56:36,080 --> 00:56:37,480
Speaker 24: at the texting. But there's a range of things you

1237
00:56:37,520 --> 00:56:40,320
Speaker 24: could do that would incentivize actual more growth and the

1238
00:56:40,360 --> 00:56:44,000
Speaker 24: actually what you could you think about people investing in

1239
00:56:44,080 --> 00:56:47,120
Speaker 24: technology and adoption of there's a whole bunch of things

1240
00:56:47,120 --> 00:56:47,680
Speaker 24: you could do around.

1241
00:56:48,200 --> 00:56:50,480
Speaker 2: Nice to talk to you. I appreciate Prime Minister Christoph

1242
00:56:50,560 --> 00:56:51,520
Speaker 2: Lux in twelve to eight.

1243
00:56:52,920 --> 00:56:56,760
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeart Radio

1244
00:56:57,080 --> 00:56:57,960
Speaker 1: now ad By News.

1245
00:56:57,880 --> 00:57:01,200
Speaker 2: Talks it please the Prime Minister's comments on the B

1246
00:57:01,360 --> 00:57:04,120
Speaker 2: and C and the banks in general, because if I

1247
00:57:04,200 --> 00:57:05,799
Speaker 2: don't get as I said last week, I don't get

1248
00:57:05,880 --> 00:57:08,640
Speaker 2: riled about a lot of stuff, but what the banks

1249
00:57:08,680 --> 00:57:10,840
Speaker 2: are doing in that And if you're running a country

1250
00:57:11,400 --> 00:57:15,440
Speaker 2: desperate for growth and the banks are deliberately working against

1251
00:57:15,520 --> 00:57:19,000
Speaker 2: you to close down businesses they've decided they don't like,

1252
00:57:19,760 --> 00:57:22,880
Speaker 2: that's bollocks. So I was pleased to hear them say that. Anyway.

1253
00:57:23,160 --> 00:57:25,480
Speaker 2: Speaking of leaders, Trump's been on the phone to Mexico's

1254
00:57:25,520 --> 00:57:28,280
Speaker 2: We've already told you this morning, and Canada seems different

1255
00:57:28,320 --> 00:57:28,840
Speaker 2: phone calls.

1256
00:57:29,120 --> 00:57:33,800
Speaker 20: We've agreed to talk and consider various other things. We

1257
00:57:33,880 --> 00:57:36,840
Speaker 20: haven't agreed on tariff's yet, and we will maybe we won't,

1258
00:57:37,680 --> 00:57:40,720
Speaker 20: but we have a very good relationship. I also spoke

1259
00:57:40,800 --> 00:57:45,600
Speaker 20: with Prime Minister Trudeau of Canada and we had a

1260
00:57:45,640 --> 00:57:47,760
Speaker 20: good talk in the morning. But I did ask him

1261
00:57:47,760 --> 00:57:50,040
Speaker 20: a couple of questions, like, you know, banks aren't allowed

1262
00:57:50,080 --> 00:57:53,080
Speaker 20: to do business in Canada. Canada is very tough, Canada

1263
00:57:53,200 --> 00:57:55,920
Speaker 20: is very you know, we're not treated well by Canada

1264
00:57:57,000 --> 00:57:58,320
Speaker 20: and we have to be treated well.

1265
00:57:59,040 --> 00:58:02,280
Speaker 2: Yes, that didn't go well. So Mexico's aquies they've bought

1266
00:58:02,320 --> 00:58:04,240
Speaker 2: themselves a month. They're going to flood the border with

1267
00:58:04,280 --> 00:58:05,840
Speaker 2: a few people try and stop the drugs and the

1268
00:58:05,880 --> 00:58:09,840
Speaker 2: people coming across Canada seems more staunch. Mind you, as

1269
00:58:09,840 --> 00:58:12,760
Speaker 2: I was talking to Prime Minister off air, Trudeau's got

1270
00:58:12,800 --> 00:58:15,360
Speaker 2: nothing to lose because he's already gone, so he may

1271
00:58:15,360 --> 00:58:17,920
Speaker 2: as well go out in the blaze of alleged glory.

1272
00:58:18,200 --> 00:58:21,480
Speaker 1: Ate away from eight, the Mike Hosking Breakfast with the

1273
00:58:21,640 --> 00:58:23,440
Speaker 1: range Rover, the LA News talks.

1274
00:58:23,440 --> 00:58:25,400
Speaker 2: He'd been there, you go worked out perfectly. Little bit

1275
00:58:25,480 --> 00:58:27,840
Speaker 2: exercised about that interview morning, Michael, that was the worst

1276
00:58:27,880 --> 00:58:29,840
Speaker 2: interview you've ever done with the Prime minister. Well that's

1277
00:58:29,880 --> 00:58:32,920
Speaker 2: not true, Mike. Great interview with the Prime minister. So

1278
00:58:33,040 --> 00:58:34,800
Speaker 2: it's either the greatest three it was the worst one

1279
00:58:34,920 --> 00:58:36,800
Speaker 2: or the other. But at the end of the day, Look,

1280
00:58:37,520 --> 00:58:39,160
Speaker 2: one of the difficulties I'm having at the month that

1281
00:58:39,280 --> 00:58:41,600
Speaker 2: tax thing's fascinating is they're going to go with tax.

1282
00:58:42,760 --> 00:58:46,120
Speaker 2: You can't cut corporate, and I hope they do cut corporate,

1283
00:58:46,240 --> 00:58:49,480
Speaker 2: and of course you know it'll be something around investment

1284
00:58:49,560 --> 00:58:51,640
Speaker 2: as well, and if you invest in certain areas you'll

1285
00:58:51,680 --> 00:58:55,560
Speaker 2: get to depreciate faster. But you can't cut corporate if

1286
00:58:55,600 --> 00:58:59,320
Speaker 2: you're then leaving the top rate at thirty nine and then,

1287
00:58:59,520 --> 00:59:02,160
Speaker 2: but in Cut the thirty nine, it costs your fortune

1288
00:59:02,200 --> 00:59:04,080
Speaker 2: and they don't have a fortune. Of course, you remember

1289
00:59:04,080 --> 00:59:05,920
Speaker 2: the interview we did years ago with John Key and

1290
00:59:06,000 --> 00:59:07,800
Speaker 2: he sort of gave away the tax cuts. I said,

1291
00:59:07,840 --> 00:59:09,600
Speaker 2: how much would it cost you to do a tax cut?

1292
00:59:09,680 --> 00:59:11,040
Speaker 2: And he went, oh, I've done the numbers at three

1293
00:59:11,040 --> 00:59:14,640
Speaker 2: and a half billion dollars. Remember that, And so it's

1294
00:59:14,720 --> 00:59:16,320
Speaker 2: big money they don't have. So it's going to be

1295
00:59:16,360 --> 00:59:18,240
Speaker 2: fascinating to see how that whole thing unfoults.

1296
00:59:18,600 --> 00:59:18,720
Speaker 25: Now.

1297
00:59:19,040 --> 00:59:24,400
Speaker 2: Vine Street Stories was Greg Johnson's third album, some say

1298
00:59:24,480 --> 00:59:26,680
Speaker 2: his best. One text here says Vine Street Stories in

1299
00:59:26,760 --> 00:59:30,440
Speaker 2: Chinese Whispers are Johnson's best albums. Anyway, it's a big

1300
00:59:30,520 --> 00:59:33,160
Speaker 2: celebration for Vine Street Stories. Greg Johnson's coming back to

1301
00:59:33,240 --> 00:59:35,320
Speaker 2: the country before we get to that, but he is

1302
00:59:35,360 --> 00:59:38,840
Speaker 2: of course in Santa Monica, which has seen some activity

1303
00:59:38,880 --> 00:59:41,640
Speaker 2: of late, and we will get his view on what's

1304
00:59:41,680 --> 00:59:43,200
Speaker 2: going on in that particular part of the world. But

1305
00:59:43,280 --> 00:59:45,560
Speaker 2: also look forward to the cash up Greg Johnston's up

1306
00:59:45,600 --> 00:59:48,200
Speaker 2: of the news here on the Mike Hosking Breakfast US Talk.

1307
00:59:48,120 --> 00:59:52,560
Speaker 1: Zen b Zarny the Mike host game in Stateful then

1308
00:59:52,680 --> 00:59:59,439
Speaker 1: Gaging and Vital the Mic Hosking Breakfast with a Vida, Retirement, Communities, Life,

1309
00:59:59,640 --> 01:00:01,120
Speaker 1: You're news dogs, he'd be.

1310
01:00:06,840 --> 01:00:12,480
Speaker 2: It was haeven past eight. One of the greats is

1311
01:00:12,520 --> 01:00:14,640
Speaker 2: on his way here to celebrate thirty years since the

1312
01:00:14,720 --> 01:00:17,280
Speaker 2: release of his third album, and what an albument was

1313
01:00:17,360 --> 01:00:19,840
Speaker 2: Greg Johnson Vine Street Stories of course, which includes my

1314
01:00:19,960 --> 01:00:23,120
Speaker 2: favorite all time If I Swagger or is it I

1315
01:00:23,240 --> 01:00:25,360
Speaker 2: waiver a bit on that. Greg Johnson is with us.

1316
01:00:25,360 --> 01:00:28,640
Speaker 12: Morning mate, doctor Michael Hoskins.

1317
01:00:31,280 --> 01:00:33,400
Speaker 2: That's how are you a Happy New Year? And all

1318
01:00:33,440 --> 01:00:35,280
Speaker 2: that sort of stuff. It sort of feels weird talking

1319
01:00:35,320 --> 01:00:37,040
Speaker 2: to a person in the middle of the fire zone

1320
01:00:37,080 --> 01:00:39,760
Speaker 2: in Santa Monica and wishing the new year, because it

1321
01:00:39,760 --> 01:00:41,800
Speaker 2: really hasn't been, hasn't It's been?

1322
01:00:42,600 --> 01:00:46,840
Speaker 12: I mean a show of you know, the type of

1323
01:00:46,920 --> 01:00:49,760
Speaker 12: show that comes out at the bottom of latrine from

1324
01:00:49,840 --> 01:00:52,040
Speaker 12: starts finished for me this year so far. But having

1325
01:00:52,120 --> 01:00:55,080
Speaker 12: said that's all, it's February now, so maybe things are

1326
01:00:55,080 --> 01:00:56,160
Speaker 12: going to turn around, you know.

1327
01:00:56,480 --> 01:00:58,360
Speaker 2: Well I hope. So did you see the fire Raid

1328
01:00:58,400 --> 01:00:59,240
Speaker 2: concert last week?

1329
01:01:00,680 --> 01:01:03,000
Speaker 12: I did not see that consonant. In fact, I didn't

1330
01:01:03,000 --> 01:01:04,560
Speaker 12: see a shred of it. I was in studio the

1331
01:01:04,600 --> 01:01:06,680
Speaker 12: whole time. So but I heard. It was very good.

1332
01:01:06,800 --> 01:01:07,480
Speaker 12: It was very good.

1333
01:01:07,520 --> 01:01:11,240
Speaker 2: It was fantastic. Where's you're in, Santa Monica? Where where

1334
01:01:11,360 --> 01:01:13,880
Speaker 2: is it's at? It seems to be it was the

1335
01:01:13,960 --> 01:01:17,200
Speaker 2: worst thing that happened, but the communities come together and

1336
01:01:17,320 --> 01:01:20,000
Speaker 2: there is some sort of hope around rebuilding and moving forward.

1337
01:01:20,080 --> 01:01:20,840
Speaker 2: Is that fair or not?

1338
01:01:21,720 --> 01:01:24,440
Speaker 12: Yeah? I think so it was. I mean, it's fascinating.

1339
01:01:24,600 --> 01:01:26,720
Speaker 12: I mean, I'll give you a quick rundown. I came

1340
01:01:26,760 --> 01:01:29,000
Speaker 12: out of the studio and saw a giant a cloud

1341
01:01:29,080 --> 01:01:31,880
Speaker 12: of smoke billowing out of I've got a clear view

1342
01:01:31,920 --> 01:01:35,160
Speaker 12: up to those mountains. And on that Tuesday and thought,

1343
01:01:35,200 --> 01:01:37,240
Speaker 12: oh god, something's blown up. I thought there'd been a

1344
01:01:37,280 --> 01:01:40,960
Speaker 12: plane crash something. And then later that day, of course,

1345
01:01:41,000 --> 01:01:43,880
Speaker 12: it was all underway. The thing that sticks my mind

1346
01:01:44,200 --> 01:01:46,600
Speaker 12: from that first day is I saw a guy coming

1347
01:01:46,680 --> 01:01:48,200
Speaker 12: up the hill we went down to the bluff to

1348
01:01:48,200 --> 01:01:50,680
Speaker 12: see the planes picking up the water and everything, and

1349
01:01:50,800 --> 01:01:54,680
Speaker 12: a guy in his late model Porsche. Guy in his fifties,

1350
01:01:54,680 --> 01:01:56,560
Speaker 12: I suppose, and in the back seat he had two

1351
01:01:56,680 --> 01:02:01,440
Speaker 12: large paintings and a guitar and that was and I thought, Wow,

1352
01:02:01,680 --> 01:02:03,800
Speaker 12: that's that's kind of this is serious.

1353
01:02:03,880 --> 01:02:07,400
Speaker 2: That guy, you know, that's also very California though, isn't

1354
01:02:07,440 --> 01:02:09,480
Speaker 2: it Porsche too, paintings and a guitar.

1355
01:02:10,240 --> 01:02:13,600
Speaker 12: Yeah, it was like wow, I mean it's it's been

1356
01:02:13,680 --> 01:02:17,320
Speaker 12: pretty awful. But I have to say the it's kind

1357
01:02:17,360 --> 01:02:20,600
Speaker 12: of like it's really like if Remirierra was just suddenly

1358
01:02:20,760 --> 01:02:23,760
Speaker 12: an ashes so and everything, and we were like in Allesley.

1359
01:02:23,880 --> 01:02:28,000
Speaker 12: So you know, the evacuation got to within two blocks

1360
01:02:28,040 --> 01:02:30,600
Speaker 12: of us. And I have to say, on that evening

1361
01:02:30,640 --> 01:02:33,400
Speaker 12: we had a voluntary evacuation, I said to my family,

1362
01:02:33,400 --> 01:02:36,480
Speaker 12: I was like, you know, I would really never have

1363
01:02:36,600 --> 01:02:39,360
Speaker 12: thought that Santa Monica could catch fire and burns the ground,

1364
01:02:39,400 --> 01:02:41,280
Speaker 12: but I'm actually thinking now maybe it could. So I

1365
01:02:41,360 --> 01:02:43,600
Speaker 12: think we're going to go, and so we left, but

1366
01:02:44,600 --> 01:02:45,360
Speaker 12: thankfully it didn't.

1367
01:02:45,840 --> 01:02:48,520
Speaker 2: How much of that for people? I mean, I'm assuming

1368
01:02:48,520 --> 01:02:50,160
Speaker 2: a lot of people listening to this have been to

1369
01:02:50,240 --> 01:02:52,880
Speaker 2: Los Angeles and you drive from Los Angeles down to

1370
01:02:52,960 --> 01:02:54,360
Speaker 2: the sea, and once you get down to the sea,

1371
01:02:54,400 --> 01:02:56,200
Speaker 2: you're at Santa Monica and you turn left to go

1372
01:02:56,280 --> 01:02:58,120
Speaker 2: to Venice and you can turn right to go to Malibu.

1373
01:02:58,680 --> 01:03:01,840
Speaker 2: And how much I mean just to think those Malibu

1374
01:03:01,920 --> 01:03:07,080
Speaker 2: houses where they've got the motorway between them and the Yeah,

1375
01:03:07,520 --> 01:03:08,680
Speaker 2: I mean how does that work?

1376
01:03:09,680 --> 01:03:11,760
Speaker 12: Well, I've got to say, I mean, I've always thought,

1377
01:03:11,960 --> 01:03:15,240
Speaker 12: as a New Zealander and a presumably vaguely common sense

1378
01:03:15,320 --> 01:03:17,240
Speaker 12: kind of person, I've always thought, it's really only a

1379
01:03:17,320 --> 01:03:19,400
Speaker 12: matter of time until they're actually swept away by a

1380
01:03:19,520 --> 01:03:23,360
Speaker 12: large king tide of so as well. But I think

1381
01:03:23,400 --> 01:03:25,400
Speaker 12: that what that reflects, and the fact that it jumped

1382
01:03:25,440 --> 01:03:26,960
Speaker 12: that high and everything else is and I think it's

1383
01:03:27,000 --> 01:03:29,600
Speaker 12: hard to understand if you haven't seen it, but if

1384
01:03:29,640 --> 01:03:31,680
Speaker 12: anyone's ever been here, when the wind comes around from

1385
01:03:31,720 --> 01:03:36,000
Speaker 12: the east, it's called the Santuranas. The humidity was I

1386
01:03:36,080 --> 01:03:40,800
Speaker 12: think five percent. Now, when that happens on any ordinary ocasion,

1387
01:03:40,840 --> 01:03:43,120
Speaker 12: a couple of times every year it happens, I'll rush

1388
01:03:43,160 --> 01:03:45,520
Speaker 12: out and do any wash, any shoes I want to wash,

1389
01:03:45,640 --> 01:03:47,640
Speaker 12: or you want to do a carpet, and give that

1390
01:03:47,720 --> 01:03:50,280
Speaker 12: a anything you can, because it'll dry out within about

1391
01:03:50,760 --> 01:03:53,440
Speaker 12: half an hour. You know, you could get get the

1392
01:03:53,520 --> 01:03:57,520
Speaker 12: dog out, give them a big you know. But what

1393
01:03:57,760 --> 01:04:00,960
Speaker 12: was happening then was is that it was extremely dry already.

1394
01:04:01,160 --> 01:04:03,400
Speaker 12: I'd been up in those mountains hiking only only a

1395
01:04:03,440 --> 01:04:05,760
Speaker 12: week earlier, and commented to the missus, you know, this

1396
01:04:05,880 --> 01:04:09,000
Speaker 12: is very, very dry up here, it's incredible, and then

1397
01:04:09,080 --> 01:04:12,400
Speaker 12: that wind just started up. I mean, all the arguments

1398
01:04:12,440 --> 01:04:14,200
Speaker 12: about who could afford it and what they could have

1399
01:04:14,280 --> 01:04:16,680
Speaker 12: done are irrelevant, I think because one hundred mile an

1400
01:04:16,720 --> 01:04:19,120
Speaker 12: hour or eighty, you know, one hundred and twenty k

1401
01:04:19,320 --> 01:04:24,480
Speaker 12: wins and five percent humidity and everything tender dry. All

1402
01:04:24,520 --> 01:04:26,360
Speaker 12: you can do is watch and that's basically what they

1403
01:04:26,400 --> 01:04:28,320
Speaker 12: could do for the first until that wind stopped.

1404
01:04:28,640 --> 01:04:31,280
Speaker 2: So how much of what we heard and it did

1405
01:04:31,400 --> 01:04:34,880
Speaker 2: come from the trump esque lot, how much of its

1406
01:04:34,920 --> 01:04:37,600
Speaker 2: true bass newsome there were there was no water, they

1407
01:04:37,640 --> 01:04:39,760
Speaker 2: were trying to save the spell to whatever the hell

1408
01:04:39,800 --> 01:04:42,040
Speaker 2: the fish was called. How much of that was true?

1409
01:04:42,160 --> 01:04:44,680
Speaker 12: Yeah? Well, I think that there's there's you know, like

1410
01:04:44,840 --> 01:04:46,959
Speaker 12: most things that come out these days, there's a tiny

1411
01:04:47,080 --> 01:04:49,840
Speaker 12: kernel of truth somewhere in there. But I don't think

1412
01:04:49,840 --> 01:04:51,760
Speaker 12: it would have made a shred of difference in all honesty.

1413
01:04:53,320 --> 01:04:57,960
Speaker 12: I mean, yeah, there's there's plenty of blame. I mean,

1414
01:04:58,320 --> 01:05:02,360
Speaker 12: people forget that all politicians are essentially awful idiots who

1415
01:05:02,480 --> 01:05:06,880
Speaker 12: deserve disdain of all stripes because you're the type people

1416
01:05:06,920 --> 01:05:09,280
Speaker 12: that get involved with in the first place. Ninety nine

1417
01:05:09,320 --> 01:05:13,520
Speaker 12: point nine percent horrible people. So you know, that's in

1418
01:05:13,640 --> 01:05:17,240
Speaker 12: my limited experience, thankfully limited experience of meeting any of them.

1419
01:05:19,800 --> 01:05:23,360
Speaker 12: So that's my opinions the start. But I think, honestly,

1420
01:05:23,440 --> 01:05:25,120
Speaker 12: nothing much could have stopped it. I think the only

1421
01:05:25,160 --> 01:05:28,360
Speaker 12: thing that will stop in the future is designing houses

1422
01:05:28,520 --> 01:05:33,240
Speaker 12: that because the people had design houses to prevent being

1423
01:05:33,280 --> 01:05:36,800
Speaker 12: burned down, their houses are still standing. Now are they cheap?

1424
01:05:36,960 --> 01:05:39,320
Speaker 12: Maybe maybe it's not that expensive to put a whole

1425
01:05:39,320 --> 01:05:42,920
Speaker 12: lot of turf on your roof. And you know, but

1426
01:05:43,080 --> 01:05:45,800
Speaker 12: I'm you know, I didn't finish my architecture degree.

1427
01:05:45,640 --> 01:05:49,400
Speaker 2: So exactly exactly, let's talk about let's talk about this

1428
01:05:49,520 --> 01:05:51,200
Speaker 2: tour in just a couple of moments. Greg Johnson with

1429
01:05:51,320 --> 01:05:53,120
Speaker 2: us out of Santa Monic at thirteen past eight.

1430
01:05:53,880 --> 01:05:58,440
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio powered

1431
01:05:58,520 --> 01:05:59,120
Speaker 1: by News.

1432
01:05:59,000 --> 01:06:03,080
Speaker 2: Talksp News Talks had been quarter past. Our guest is

1433
01:06:03,120 --> 01:06:06,080
Speaker 2: Greg Johnson, coming back to the country late April celebrating

1434
01:06:06,120 --> 01:06:09,480
Speaker 2: Vine Street Stories. Mine. Greg, When Vine Street Stories came

1435
01:06:09,560 --> 01:06:12,600
Speaker 2: out your third album, Where in your memory do you

1436
01:06:12,680 --> 01:06:15,160
Speaker 2: think you were at at the time, on your way

1437
01:06:15,640 --> 01:06:17,160
Speaker 2: you'd made it. Where were you at.

1438
01:06:18,920 --> 01:06:23,080
Speaker 12: Just kind of head down writing and making music. Honestly,

1439
01:06:23,240 --> 01:06:26,520
Speaker 12: I kind of. I've probably told you story before, but

1440
01:06:26,600 --> 01:06:28,760
Speaker 12: I know, after Isabelle was sort of on the radio

1441
01:06:28,840 --> 01:06:30,919
Speaker 12: and was on the chart and it got to number

1442
01:06:30,960 --> 01:06:33,360
Speaker 12: three or fourth at four I think, and it was

1443
01:06:33,400 --> 01:06:36,120
Speaker 12: setting up there in the chart. I naively assumed that

1444
01:06:36,200 --> 01:06:38,680
Speaker 12: everything post would go up a little bit next time,

1445
01:06:38,800 --> 01:06:41,920
Speaker 12: so next I'd be number two. You know, that's Juvick

1446
01:06:41,960 --> 01:06:45,600
Speaker 12: and Vick doesn't that. But anyway, Yeah, I just actually

1447
01:06:45,640 --> 01:06:48,120
Speaker 12: moved from my indie label to EMI. Were co funding

1448
01:06:48,200 --> 01:06:50,920
Speaker 12: this record, so we had hopes for it, you know,

1449
01:06:51,680 --> 01:06:53,920
Speaker 12: and as it turned out, it actually got quite a

1450
01:06:53,960 --> 01:06:57,200
Speaker 12: lot of traction. I think it was my first gold album.

1451
01:06:58,120 --> 01:06:58,680
Speaker 12: Where does it.

1452
01:06:58,760 --> 01:07:01,280
Speaker 2: Sit in terms of all your work? Do you think

1453
01:07:01,320 --> 01:07:02,800
Speaker 2: of it fondly in that sense?

1454
01:07:03,480 --> 01:07:07,360
Speaker 12: I do, yeah, I very much do. Strangely, it doesn't

1455
01:07:07,400 --> 01:07:09,280
Speaker 12: really have well has swagger on it. As you say,

1456
01:07:09,320 --> 01:07:11,360
Speaker 12: it's one of my favorites, and Pleasure and Overdose is

1457
01:07:11,360 --> 01:07:15,640
Speaker 12: also a favorite. It has Don't Wait Another Day, which

1458
01:07:15,760 --> 01:07:18,840
Speaker 12: is actually my second most popular and in fact the

1459
01:07:18,920 --> 01:07:21,840
Speaker 12: song I've earned the most money off. I think I

1460
01:07:21,880 --> 01:07:24,120
Speaker 12: should have written more songs over my career that were

1461
01:07:24,960 --> 01:07:28,400
Speaker 12: quickly rushed down and buy the sale or something like that.

1462
01:07:28,560 --> 01:07:32,280
Speaker 12: You know that I kind of had more ads, but

1463
01:07:32,360 --> 01:07:34,200
Speaker 12: don't wait another day. It was just close enough to

1464
01:07:34,280 --> 01:07:37,000
Speaker 12: that kind of thing where a save yourself was probably

1465
01:07:37,080 --> 01:07:40,640
Speaker 12: really only good for you know, I suppose a selling

1466
01:07:40,720 --> 01:07:44,520
Speaker 12: life rafts or something. So you know, I do have

1467
01:07:44,600 --> 01:07:46,240
Speaker 12: good memories of that record though. It was a great

1468
01:07:46,320 --> 01:07:47,880
Speaker 12: time and we were a good age. You know, we

1469
01:07:47,960 --> 01:07:51,640
Speaker 12: were a mid twenties and you know, how do you know?

1470
01:07:51,840 --> 01:07:53,680
Speaker 2: How do you when you say you've made more money

1471
01:07:53,680 --> 01:07:55,840
Speaker 2: out of one another day? Did the chicks come in

1472
01:07:56,040 --> 01:07:58,760
Speaker 2: for a song as opposed to a broad based check

1473
01:07:58,840 --> 01:08:01,200
Speaker 2: once a month or year or what ever, as opposed

1474
01:08:01,200 --> 01:08:01,800
Speaker 2: to an album?

1475
01:08:04,240 --> 01:08:06,560
Speaker 12: Yeah, each song exists on its own, I mean album

1476
01:08:06,600 --> 01:08:09,520
Speaker 12: wise that they were. All those albums were tied up

1477
01:08:09,560 --> 01:08:11,960
Speaker 12: with EMI Records and Pagan prior to that, and now

1478
01:08:12,840 --> 01:08:15,400
Speaker 12: Universal has all that catalog and actually they've been very good.

1479
01:08:15,440 --> 01:08:18,599
Speaker 12: They're re releasing Bone Street Stories as Vinyl as well,

1480
01:08:18,640 --> 01:08:21,920
Speaker 12: coming up to coincide with a tour. It's nice to have,

1481
01:08:22,280 --> 01:08:23,240
Speaker 12: you know, have them on board.

1482
01:08:23,640 --> 01:08:25,080
Speaker 2: Is Vinyl? Are you begone Vinyl?

1483
01:08:26,120 --> 01:08:27,880
Speaker 12: Yeah? You know, I just started getting back into it.

1484
01:08:28,240 --> 01:08:30,559
Speaker 12: I can. I could kick myself, like probably all of us.

1485
01:08:31,080 --> 01:08:33,000
Speaker 12: It was only about ten or fifteen years ago, when

1486
01:08:33,040 --> 01:08:36,040
Speaker 12: you could walk into any second hand store and there'd

1487
01:08:36,040 --> 01:08:38,800
Speaker 12: be a pile of brand new, rare albums sitting there

1488
01:08:38,840 --> 01:08:41,960
Speaker 12: for fifty cents each, and everyone was like, forget about it, No,

1489
01:08:42,040 --> 01:08:46,120
Speaker 12: I's gonna want that. Get the great turntable for about

1490
01:08:46,200 --> 01:08:49,720
Speaker 12: forty dollars. Now, of course it's it's all back on

1491
01:08:49,960 --> 01:08:52,280
Speaker 12: and the prices have gone through the roof again.

1492
01:08:52,560 --> 01:08:55,559
Speaker 2: Exactly. I do like Vinyl, Yeah, yeah, but it's got

1493
01:08:55,680 --> 01:08:57,200
Speaker 2: to it has a very I'll tell you what I'm

1494
01:08:57,880 --> 01:09:02,200
Speaker 2: I find interesting. Anyway, WHIMS came out, everyone was obsessed

1495
01:09:02,240 --> 01:09:03,840
Speaker 2: about the sound. Oh CD, you got to go c

1496
01:09:03,960 --> 01:09:06,759
Speaker 2: D because of course Vinyl's rubbish. And then when streaming

1497
01:09:06,880 --> 01:09:10,360
Speaker 2: came out, no one talked about quality anymore, do they right?

1498
01:09:10,920 --> 01:09:13,240
Speaker 12: No, you're right, I think well because they were listening

1499
01:09:13,320 --> 01:09:17,360
Speaker 12: through tiny little speakers instead of the previous generations giant,

1500
01:09:17,760 --> 01:09:20,040
Speaker 12: lovely stereos. That's probably half of it.

1501
01:09:20,240 --> 01:09:22,200
Speaker 2: Exactly. Do you like it by Swegen?

1502
01:09:23,280 --> 01:09:26,680
Speaker 12: Oh? I love that song? Yeah, I mean it's to me.

1503
01:09:27,400 --> 01:09:29,479
Speaker 12: I think it's probably one of my best songs without

1504
01:09:29,560 --> 01:09:32,240
Speaker 12: dat as a writer, you know, I just think it's down.

1505
01:09:32,600 --> 01:09:36,360
Speaker 2: Yeah, it is honest song because I've got several versions.

1506
01:09:36,360 --> 01:09:38,280
Speaker 2: When I listened to it coming to work in the morning,

1507
01:09:38,360 --> 01:09:40,280
Speaker 2: I've got the wedding version. I didn't know there was

1508
01:09:40,280 --> 01:09:42,000
Speaker 2: a wedding version, but there's a wedding version of it.

1509
01:09:42,080 --> 01:09:44,280
Speaker 2: That's a nice one. Do people get married to it

1510
01:09:44,439 --> 01:09:44,760
Speaker 2: a lot?

1511
01:09:45,040 --> 01:09:47,160
Speaker 12: Do you know? You know?

1512
01:09:47,520 --> 01:09:48,000
Speaker 21: People have?

1513
01:09:48,479 --> 01:09:51,759
Speaker 12: Many people have actually, and it's always surprised me because

1514
01:09:51,800 --> 01:09:55,400
Speaker 12: it's really not a song that bodes well for a

1515
01:09:55,439 --> 01:10:01,120
Speaker 12: good marriage. My favorite story about that one is it

1516
01:10:01,320 --> 01:10:06,040
Speaker 12: was played at the funeral of the plane of Scottish.

1517
01:10:05,720 --> 01:10:07,840
Speaker 2: Wrestler old Robert Bruce.

1518
01:10:08,680 --> 01:10:12,280
Speaker 12: Robert Bruce had requested that to be played at which

1519
01:10:12,320 --> 01:10:16,479
Speaker 12: I thought, there's no higher you know, there's high compy

1520
01:10:16,720 --> 01:10:17,240
Speaker 12: that really.

1521
01:10:17,360 --> 01:10:19,320
Speaker 2: Exactly if I got married to it? Do I have

1522
01:10:19,400 --> 01:10:20,679
Speaker 2: to pay you? Is that how that works?

1523
01:10:23,439 --> 01:10:26,479
Speaker 12: Probably not, it's a private function, but you know, if

1524
01:10:26,520 --> 01:10:29,519
Speaker 12: you want to take the point, all.

1525
01:10:29,560 --> 01:10:31,840
Speaker 2: Right, mate? So do you do it on this tour?

1526
01:10:31,920 --> 01:10:33,439
Speaker 2: Are you doing the whole album like you do the

1527
01:10:33,479 --> 01:10:35,360
Speaker 2: whole album plus nothing else or what?

1528
01:10:35,640 --> 01:10:37,640
Speaker 12: That's the plan? Yeah, We're going to come on and

1529
01:10:37,760 --> 01:10:41,000
Speaker 12: play the songs the album start to finish, probably the

1530
01:10:41,080 --> 01:10:42,960
Speaker 12: first set we'll do that, and it's about just over

1531
01:10:43,000 --> 01:10:45,200
Speaker 12: and how long that record. Brilliant is another thing we

1532
01:10:45,280 --> 01:10:47,120
Speaker 12: discovered and we decided to put it on vinyl. That

1533
01:10:47,160 --> 01:10:49,200
Speaker 12: you can only put forty five minutes on vinyl, so

1534
01:10:49,240 --> 01:10:51,880
Speaker 12: it have to be a double album. Oh wow, Yeah,

1535
01:10:52,000 --> 01:10:54,080
Speaker 12: but yeah, we'll play the whole album and then the

1536
01:10:54,160 --> 01:10:56,000
Speaker 12: second set will play a bunch of other stuff I

1537
01:10:56,040 --> 01:10:58,600
Speaker 12: guess from the newer alms and other older albms. But

1538
01:10:59,520 --> 01:11:01,600
Speaker 12: that is the that's the exciting thing is reinventing and

1539
01:11:01,720 --> 01:11:03,599
Speaker 12: some of these songs have never been played live before,

1540
01:11:04,400 --> 01:11:06,720
Speaker 12: even when we're the recorded there never played live. So

1541
01:11:06,880 --> 01:11:08,240
Speaker 12: it's it's a fun challenge.

1542
01:11:08,280 --> 01:11:10,000
Speaker 2: You know, it's going to be good. Well, hopefully we'll

1543
01:11:10,040 --> 01:11:11,760
Speaker 2: catch up when you hear mate go well in the

1544
01:11:11,840 --> 01:11:13,960
Speaker 2: meantime end of April, I'll run through all the player

1545
01:11:14,040 --> 01:11:16,080
Speaker 2: But you're go Hamilton Tower and a Wellington Parmerst and

1546
01:11:16,120 --> 01:11:18,280
Speaker 2: Norkland couple in christ judge're going south of Christ.

1547
01:11:18,160 --> 01:11:22,679
Speaker 12: Juch not this time. I don't know why. I don't.

1548
01:11:22,760 --> 01:11:26,120
Speaker 12: I think maybe because there's no Queen Charlotte Oysters or

1549
01:11:26,320 --> 01:11:29,519
Speaker 12: no Queen Charlotte Scollops in season or something. There's will

1550
01:11:29,560 --> 01:11:33,200
Speaker 12: be a reason, probably culinary reason for that. But yeah,

1551
01:11:33,240 --> 01:11:35,160
Speaker 12: plus one dot co Doddings is will you go to

1552
01:11:35,200 --> 01:11:37,640
Speaker 12: get all that stuff? I look forward to coming down.

1553
01:11:37,680 --> 01:11:39,040
Speaker 12: I wish I was sitting on a beach down there

1554
01:11:39,120 --> 01:11:39,360
Speaker 12: right now.

1555
01:11:39,400 --> 01:11:42,000
Speaker 2: Actually, yeah, it's beautiful. Go well, mate, nice to catch

1556
01:11:42,080 --> 01:11:43,799
Speaker 2: up as always, and we'll see see you hopefully.

1557
01:11:44,000 --> 01:11:46,559
Speaker 12: Good care and much love to everybody see soon.

1558
01:11:46,760 --> 01:11:48,439
Speaker 2: Isn't that good? Isn't it the nicest going on in

1559
01:11:48,439 --> 01:11:52,599
Speaker 2: the world? Greg Johnson and Vine Street Stories eight twenty one.

1560
01:11:53,320 --> 01:11:56,880
Speaker 1: The Mic Hosking break best with Bailey's Real Estate News Dogs.

1561
01:11:56,920 --> 01:12:00,879
Speaker 2: They'd be now for fifty years, Bailey's as in Bailey's

1562
01:12:00,920 --> 01:12:03,200
Speaker 2: Real Estate, have built a legacy of trust and innovation

1563
01:12:03,280 --> 01:12:05,880
Speaker 2: across this beautiful country. As the country's leading full service

1564
01:12:05,960 --> 01:12:09,439
Speaker 2: real estate agency. Are From humble beginnings, they've matured unto

1565
01:12:09,439 --> 01:12:11,960
Speaker 2: the country's largest locally owned and family operated real estate

1566
01:12:12,040 --> 01:12:13,920
Speaker 2: network and more than one hundred offices. You got two

1567
01:12:13,960 --> 01:12:17,559
Speaker 2: thousand personnel expertise across all corners of the property sector,

1568
01:12:17,600 --> 01:12:22,000
Speaker 2: including residential, commercial, rural, and property services. While adding value

1569
01:12:22,479 --> 01:12:25,599
Speaker 2: across the property sector, Baileys also beside you on the rugby,

1570
01:12:25,640 --> 01:12:27,720
Speaker 2: pitch in the gun, boots on the farm, investing in

1571
01:12:27,720 --> 01:12:30,160
Speaker 2: the local communities nationwide as well it's the Kiwi way,

1572
01:12:30,200 --> 01:12:32,519
Speaker 2: It's the Bailey's way. So backed of course by a

1573
01:12:32,600 --> 01:12:36,040
Speaker 2: national network in strategic international partnerships that give their clients

1574
01:12:36,080 --> 01:12:39,120
Speaker 2: the cutting edge. People are at the forefront of everything

1575
01:12:39,360 --> 01:12:42,960
Speaker 2: they do. Bailey's proud to support New Zealanders to achieve

1576
01:12:42,960 --> 01:12:45,120
Speaker 2: their property goals. They've done real estate differently for half

1577
01:12:45,160 --> 01:12:49,040
Speaker 2: a century. So how can Bailees altogether better approach? Help?

1578
01:12:49,120 --> 01:12:51,040
Speaker 2: You ask yourself that question. Get in touch with the

1579
01:12:51,120 --> 01:12:53,040
Speaker 2: best of the best, and the best of the best

1580
01:12:53,720 --> 01:12:57,320
Speaker 2: is Bailey's LASKI eight twenty five. Trump off the phone

1581
01:12:57,360 --> 01:13:00,320
Speaker 2: to Trudeau, still got this idea about the fifty first state.

1582
01:13:00,640 --> 01:13:03,400
Speaker 20: What I'd like to see Canada become our fifty first day.

1583
01:13:03,840 --> 01:13:08,720
Speaker 20: We give them protection, military protection. We don't need them

1584
01:13:08,760 --> 01:13:11,479
Speaker 20: to build our cars. I'd rather see Detroit or South

1585
01:13:11,560 --> 01:13:15,519
Speaker 20: Carolina or any one of our Tennessee, any one of

1586
01:13:15,560 --> 01:13:17,759
Speaker 20: our states build the cars. They could do it very easily.

1587
01:13:17,840 --> 01:13:19,519
Speaker 20: We don't need them for the cars. We don't need

1588
01:13:19,600 --> 01:13:22,600
Speaker 20: them for lover, We don't need them for anything. We

1589
01:13:22,680 --> 01:13:23,840
Speaker 20: don't need them for energy.

1590
01:13:23,920 --> 01:13:25,200
Speaker 9: We have more energy than they do.

1591
01:13:25,400 --> 01:13:26,599
Speaker 6: We don't need them for energy.

1592
01:13:28,160 --> 01:13:29,600
Speaker 9: So I say, why are we doing this?

1593
01:13:29,720 --> 01:13:29,880
Speaker 12: Why?

1594
01:13:30,360 --> 01:13:33,679
Speaker 20: Why are we willing to lose between one hundred billion

1595
01:13:33,720 --> 01:13:35,400
Speaker 20: and two hundred billion dollars a year.

1596
01:13:35,479 --> 01:13:36,160
Speaker 9: We don't need them.

1597
01:13:36,840 --> 01:13:44,240
Speaker 2: I get the myopic person in Arkansaw who's going yeh are,

1598
01:13:44,439 --> 01:13:46,640
Speaker 2: he's a good guy. I get all of that, but

1599
01:13:46,800 --> 01:13:49,200
Speaker 2: this whole we don't need anybody will just be in

1600
01:13:49,280 --> 01:13:53,040
Speaker 2: isolation Jesus's I finished The Apprentice last night, which I

1601
01:13:53,200 --> 01:13:57,439
Speaker 2: thoroughly recommend to you currently on Apple, and I think, Neon,

1602
01:13:57,520 --> 01:13:59,920
Speaker 2: you've got to pay for it. That will change eventually.

1603
01:14:00,200 --> 01:14:04,400
Speaker 2: But the guy who plays Trump is very, very good,

1604
01:14:04,640 --> 01:14:08,400
Speaker 2: bordering on superb. As I mentioned yesterday, the guy who

1605
01:14:08,479 --> 01:14:13,760
Speaker 2: plays Cone is absolutely brilliant. And I was wondering as

1606
01:14:13,760 --> 01:14:16,320
Speaker 2: I was watching the program whether they ever got themselves

1607
01:14:16,360 --> 01:14:17,840
Speaker 2: into legal trouble how to get this. So there's a

1608
01:14:17,840 --> 01:14:22,800
Speaker 2: couple of scenes in there that infer Trump indulged in illegality,

1609
01:14:24,439 --> 01:14:26,800
Speaker 2: and I assume they somehow covered themselves off.

1610
01:14:26,760 --> 01:14:30,440
Speaker 17: With that, but as because he did illegal stuff.

1611
01:14:30,240 --> 01:14:33,160
Speaker 2: Could be there. But there was a rape scene in there.

1612
01:14:33,360 --> 01:14:36,840
Speaker 2: The allegation was he raped somebody, and so I thought, Jess,

1613
01:14:36,880 --> 01:14:39,479
Speaker 2: you need to know that you've got that covered off. Anyway,

1614
01:14:40,520 --> 01:14:42,280
Speaker 2: it's well worth watching, and I did wonder if he

1615
01:14:42,320 --> 01:14:45,040
Speaker 2: hadn't become president, would you watch it, or now that

1616
01:14:45,160 --> 01:14:46,960
Speaker 2: he is president, do you look at it in a

1617
01:14:47,000 --> 01:14:50,400
Speaker 2: whole different light. But it's well worth watching the Apprentice.

1618
01:14:51,840 --> 01:14:54,519
Speaker 9: US opinion and everything in between.

1619
01:14:54,920 --> 01:14:57,880
Speaker 1: The mic hosting breakfast with the range Rover vi LA

1620
01:14:58,320 --> 01:15:01,680
Speaker 1: designed to intrigue, use to not up on the.

1621
01:15:02,120 --> 01:15:04,040
Speaker 2: Fairy announcement this morning. This is coming from the new

1622
01:15:04,120 --> 01:15:08,519
Speaker 2: Minister of Fairies, Winston Peter's worldwide market engagement couple of

1623
01:15:08,600 --> 01:15:11,920
Speaker 2: medium sized fairies to replace the inter island immediately engaged

1624
01:15:11,920 --> 01:15:15,120
Speaker 2: shipyards internationally at interifying those with the capability the capacity

1625
01:15:15,160 --> 01:15:17,040
Speaker 2: of the interest to do it. There will be a

1626
01:15:17,160 --> 01:15:19,960
Speaker 2: narrow that will narrow the list of potential builders. Governments

1627
01:15:20,000 --> 01:15:22,240
Speaker 2: open to the process for eligible parties to put forward

1628
01:15:22,320 --> 01:15:26,080
Speaker 2: ideas for alternative procurement options. So what they're looking for

1629
01:15:26,240 --> 01:15:28,879
Speaker 2: somebody who can do it. The ability to provide confidence

1630
01:15:28,920 --> 01:15:32,760
Speaker 2: that any land side development necessary, capability and experience in

1631
01:15:32,800 --> 01:15:35,479
Speaker 2: the operation, ability to manage risks associated with a transition

1632
01:15:35,560 --> 01:15:37,960
Speaker 2: from the current ferry operations, blah blah blah, value for money,

1633
01:15:38,000 --> 01:15:40,320
Speaker 2: et cetera, et cetera. But I think I still maintain

1634
01:15:40,360 --> 01:15:43,479
Speaker 2: my criticism and it didn't really get covered properly because

1635
01:15:43,520 --> 01:15:46,080
Speaker 2: it was before Christmas, just before Christmas. But to sit

1636
01:15:46,160 --> 01:15:48,439
Speaker 2: on your hands the way they did for most of

1637
01:15:48,439 --> 01:15:51,320
Speaker 2: the year, knowing the problems ongoing for New Zealand Rail,

1638
01:15:51,400 --> 01:15:54,639
Speaker 2: the criticism of etc. And to then make the grand

1639
01:15:54,640 --> 01:15:57,040
Speaker 2: announcement just before Christmas that all they were doing was

1640
01:15:57,040 --> 01:16:01,360
Speaker 2: transferring responsibility from one person to another who was then

1641
01:16:01,439 --> 01:16:03,400
Speaker 2: going to do a bit of looking around the marketplace himself.

1642
01:16:03,479 --> 01:16:05,320
Speaker 2: While at the same time, over the summer holidays we

1643
01:16:05,680 --> 01:16:09,320
Speaker 2: see these bories are getting towed back to the wall again.

1644
01:16:09,640 --> 01:16:11,360
Speaker 2: You think, I mean, come on, it can't be that hard.

1645
01:16:11,400 --> 01:16:12,479
Speaker 2: Twenty two minutes away.

1646
01:16:12,280 --> 01:16:16,760
Speaker 19: From nine international correspondence with ins and Eye insurance, peace

1647
01:16:16,800 --> 01:16:18,240
Speaker 19: of mind for New Zealand business.

1648
01:16:19,160 --> 01:16:21,720
Speaker 2: Now, well, little will just rub morning to you.

1649
01:16:24,200 --> 01:16:24,760
Speaker 25: How are you doing.

1650
01:16:25,000 --> 01:16:27,400
Speaker 2: I'm going extremely well. Listen to Starmer. This is Stamer

1651
01:16:27,439 --> 01:16:27,960
Speaker 2: and Brussels.

1652
01:16:28,320 --> 01:16:31,559
Speaker 14: Both of these relations are very important to us.

1653
01:16:32,840 --> 01:16:34,720
Speaker 6: We are not choosing between them.

1654
01:16:34,800 --> 01:16:38,519
Speaker 14: But that's historically been the position of the UK for

1655
01:16:39,000 --> 01:16:39,879
Speaker 14: many many decades.

1656
01:16:39,960 --> 01:16:42,639
Speaker 2: Now, how much is he dancing rod between the EU

1657
01:16:42,800 --> 01:16:45,160
Speaker 2: and Britain. And that's before we even get to Trump

1658
01:16:45,240 --> 01:16:46,160
Speaker 2: and the terriffs.

1659
01:16:47,880 --> 01:16:51,600
Speaker 25: Completely. It's a real problem for him. He does have

1660
01:16:51,720 --> 01:16:56,040
Speaker 25: to square that circle of who does he stick with?

1661
01:16:56,640 --> 01:17:01,719
Speaker 25: Is it the EU or the say now, in the past,

1662
01:17:02,439 --> 01:17:05,760
Speaker 25: Britain has the excuse that as a member of the EU,

1663
01:17:06,000 --> 01:17:08,120
Speaker 25: it has had to go with the EU on such

1664
01:17:08,240 --> 01:17:10,640
Speaker 25: things as tariffs and so on. He doesn't have that

1665
01:17:10,760 --> 01:17:14,360
Speaker 25: excuse anymore. It is of his own position, and Trump

1666
01:17:14,520 --> 01:17:17,400
Speaker 25: knows it's off his own position and will penalize him

1667
01:17:17,439 --> 01:17:20,360
Speaker 25: if he takes a wrong decision. So there is a real,

1668
01:17:20,560 --> 01:17:26,080
Speaker 25: real problem there, not helped incidentally by people like Machron

1669
01:17:26,200 --> 01:17:31,599
Speaker 25: telling him that that Brexit was a huge mistake, which

1670
01:17:32,080 --> 01:17:35,200
Speaker 25: probably didn't make for an easy meeting there either. My

1671
01:17:35,479 --> 01:17:38,599
Speaker 25: guess is that if push comes to shoves and Trump

1672
01:17:39,280 --> 01:17:43,960
Speaker 25: offers us some sort of deal, we side with the US.

1673
01:17:44,400 --> 01:17:44,599
Speaker 12: Yeah.

1674
01:17:44,800 --> 01:17:47,120
Speaker 2: Interesting, Let me come back to Brexit specifically in just

1675
01:17:47,160 --> 01:17:48,920
Speaker 2: a couple of moments. But Trump said, and I'm sure

1676
01:17:48,920 --> 01:17:50,400
Speaker 2: you're well aware of, but he said, the EU is

1677
01:17:50,479 --> 01:17:54,360
Speaker 2: not the UK. We can probably work out is it

1678
01:17:54,560 --> 01:17:58,519
Speaker 2: a balance trade relationship? And is starmer and labor the

1679
01:17:58,600 --> 01:18:01,320
Speaker 2: sort of government that could work out something with Trump

1680
01:18:01,360 --> 01:18:03,920
Speaker 2: a conservative, Well, not.

1681
01:18:03,960 --> 01:18:06,840
Speaker 25: The way it's going at the moment, and not especially

1682
01:18:07,520 --> 01:18:11,080
Speaker 25: given the fact that you know, they've decided the ambassador

1683
01:18:11,200 --> 01:18:15,479
Speaker 25: to Washing to Peter mandlssoon and I can't imagine, you know,

1684
01:18:15,600 --> 01:18:18,400
Speaker 25: I think I would be a more diplomatic choice than

1685
01:18:18,479 --> 01:18:23,040
Speaker 25: Peter Mandleson as being our ambassador in the USA. So

1686
01:18:23,880 --> 01:18:27,120
Speaker 25: don't forget there's a back history there of senior members

1687
01:18:27,160 --> 01:18:30,320
Speaker 25: of the Labor Party calling Trump all the names under

1688
01:18:30,360 --> 01:18:37,800
Speaker 25: the sun. And still a problem regarding deporting immigrants and

1689
01:18:38,000 --> 01:18:41,800
Speaker 25: indeed on the issues of both Ukraine and Gaza. So

1690
01:18:42,600 --> 01:18:46,080
Speaker 25: there are still big problems there. But there is a lifeline,

1691
01:18:46,280 --> 01:18:49,479
Speaker 25: you know, and if Trump holds out, you know, you

1692
01:18:49,560 --> 01:18:52,760
Speaker 25: won't be subjected to our tariffs. The EU will. That

1693
01:18:52,920 --> 01:18:54,760
Speaker 25: is an extremely good deal for US.

1694
01:18:54,960 --> 01:18:59,080
Speaker 2: I reckon as regards brixt In as quiet moments, would

1695
01:18:59,240 --> 01:19:01,519
Speaker 2: starm a lie like to get back with the EU

1696
01:19:01,720 --> 01:19:02,640
Speaker 2: in some form or not.

1697
01:19:04,160 --> 01:19:07,439
Speaker 25: Yes, I think that's what lies under these a lot

1698
01:19:07,520 --> 01:19:12,240
Speaker 25: of this that he would like to draw closer. We

1699
01:19:12,439 --> 01:19:15,320
Speaker 25: certainly there are many within the Labor Party, though not

1700
01:19:15,439 --> 01:19:18,040
Speaker 25: on the far left of the Labor Party, but in

1701
01:19:18,080 --> 01:19:21,280
Speaker 25: the Labor Party who would like to come a lot,

1702
01:19:21,360 --> 01:19:25,759
Speaker 25: a lot closer towards Europe. And you know, cement various

1703
01:19:25,800 --> 01:19:29,080
Speaker 25: things like the European coffee, human rights, and maybe agree

1704
01:19:29,240 --> 01:19:32,879
Speaker 25: certain things on trade, tariffs and production and greed issues

1705
01:19:34,560 --> 01:19:37,280
Speaker 25: that will be watched with grave suspicion by people in

1706
01:19:37,360 --> 01:19:40,439
Speaker 25: the country. But it will also be washed with a

1707
01:19:40,520 --> 01:19:44,040
Speaker 25: degree of suspicion by Donald Trump, of course, who has

1708
01:19:44,240 --> 01:19:48,799
Speaker 25: excused us from his blanket condemnation of the EU because

1709
01:19:48,920 --> 01:19:49,519
Speaker 25: we're not in it.

1710
01:19:50,360 --> 01:19:54,559
Speaker 2: What's the view each anniversary of Brixit And I suppose

1711
01:19:54,600 --> 01:19:57,880
Speaker 2: it's a redundant question, but nevertheless the idea of bricks

1712
01:19:57,960 --> 01:20:00,960
Speaker 2: and what it could have been versus what it turned

1713
01:20:01,000 --> 01:20:03,439
Speaker 2: out to be because things happened, like you know, the

1714
01:20:03,520 --> 01:20:05,439
Speaker 2: world didn't go to free trade the way that many

1715
01:20:05,520 --> 01:20:08,360
Speaker 2: thought it wouldn't. It's some more isolationist placed in other words,

1716
01:20:08,439 --> 01:20:10,800
Speaker 2: you know, events, events overtook it. If you head the

1717
01:20:10,840 --> 01:20:12,200
Speaker 2: Bricksit voting again today work.

1718
01:20:12,320 --> 01:20:17,560
Speaker 25: Yeah, We've been debating this recently and there is no

1719
01:20:17,760 --> 01:20:21,120
Speaker 25: question that Britain has not made the best of Brexit.

1720
01:20:21,479 --> 01:20:26,719
Speaker 25: It has not taken all the advantages of a past

1721
01:20:26,720 --> 01:20:29,639
Speaker 25: towards free trade away from the restrictions of the EU

1722
01:20:30,040 --> 01:20:32,200
Speaker 25: that it could have done. And at the same time,

1723
01:20:32,320 --> 01:20:35,240
Speaker 25: there has undoubtedly been economic harm occasion by the fact

1724
01:20:35,280 --> 01:20:39,000
Speaker 25: that we left, particularly for companies which are exported to Europe.

1725
01:20:39,880 --> 01:20:43,280
Speaker 25: So yeah, there's a feeling that that we've messed that up,

1726
01:20:43,640 --> 01:20:47,080
Speaker 25: haven't taken advantage of it. And my suspicion is, even

1727
01:20:47,120 --> 01:20:49,160
Speaker 25: though I'm not on that side of the argument, I

1728
01:20:49,240 --> 01:20:51,360
Speaker 25: think if there was a vote tomorrow, the majority would

1729
01:20:51,360 --> 01:20:52,040
Speaker 25: say go back in.

1730
01:20:52,439 --> 01:20:54,599
Speaker 2: Yeah, a couple of quick things, you don't mind. I'm

1731
01:20:54,640 --> 01:20:57,400
Speaker 2: reading about your new law and endangering lives at sea.

1732
01:20:57,760 --> 01:21:00,280
Speaker 2: This is the smugglers is to be a new criminals.

1733
01:21:00,360 --> 01:21:00,960
Speaker 2: Is that going to work.

1734
01:21:03,800 --> 01:21:08,759
Speaker 25: I'm never sure how much new laws work there sometimes,

1735
01:21:08,960 --> 01:21:11,120
Speaker 25: especially when we have a government of lawyers, which is

1736
01:21:11,160 --> 01:21:14,639
Speaker 25: what we do at the moment. Perhaps it will, Perhaps

1737
01:21:14,760 --> 01:21:17,320
Speaker 25: it will. I mean I hate to be sort of

1738
01:21:18,240 --> 01:21:22,880
Speaker 25: continued condemnatory of this government, but it is a problem,

1739
01:21:23,240 --> 01:21:26,360
Speaker 25: and piraty is a problem and so on. Indentating lives

1740
01:21:26,400 --> 01:21:29,320
Speaker 25: at sea is undoubtedly one of the major problems. But

1741
01:21:29,400 --> 01:21:32,240
Speaker 25: I can't see, given the amounts of money that people

1742
01:21:32,600 --> 01:21:35,080
Speaker 25: make from this, that it will deter them very much.

1743
01:21:35,600 --> 01:21:39,160
Speaker 2: Chris Philp I'm also watching over the weekend Shadow Home Secretary.

1744
01:21:39,600 --> 01:21:41,280
Speaker 2: He says Britain needs a bit of work ethic.

1745
01:21:41,439 --> 01:21:41,840
Speaker 12: Is he right?

1746
01:21:43,760 --> 01:21:45,640
Speaker 25: Well, it would be nice if a large portion of

1747
01:21:45,840 --> 01:21:48,639
Speaker 25: the people living in this country actually went to work. Yes,

1748
01:21:49,120 --> 01:21:51,720
Speaker 25: I think that will be great. We'd all share that

1749
01:21:52,200 --> 01:21:55,280
Speaker 25: we've got nine million people out of work mate, you know,

1750
01:21:56,439 --> 01:21:59,280
Speaker 25: and yes some of those are students. Some of those

1751
01:21:59,320 --> 01:22:01,840
Speaker 25: people are you and lie Ill. The rest are just

1752
01:22:02,240 --> 01:22:04,519
Speaker 25: swinging the lad as far as I can see, and

1753
01:22:04,760 --> 01:22:06,880
Speaker 25: that is the first thing that this government has to

1754
01:22:06,960 --> 01:22:07,240
Speaker 25: deal with.

1755
01:22:07,600 --> 01:22:09,879
Speaker 2: Good only, mate, Always a pleasure. We'll catch up on Thursday.

1756
01:22:10,240 --> 01:22:12,559
Speaker 2: Rod little out of Britain for us this morning. Are

1757
01:22:12,680 --> 01:22:14,599
Speaker 2: and just in reference that if you missed it earlier

1758
01:22:14,640 --> 01:22:16,439
Speaker 2: on the report I was reading over the weekend which

1759
01:22:16,479 --> 01:22:18,200
Speaker 2: was fascinating. And they also say there was a very

1760
01:22:18,240 --> 01:22:20,400
Speaker 2: good article I read about shoplift as being out of control.

1761
01:22:20,520 --> 01:22:23,000
Speaker 2: So they've got the same sort of post COVID malaise

1762
01:22:23,080 --> 01:22:25,800
Speaker 2: that we have, which teends to happen when you get

1763
01:22:26,280 --> 01:22:28,799
Speaker 2: left leaning government's running places. They've seen it in Germany,

1764
01:22:28,840 --> 01:22:30,840
Speaker 2: we saw it here and they're seeing it now in Britain.

1765
01:22:30,880 --> 01:22:33,840
Speaker 2: But the farmland nine percent of farmland could be cut

1766
01:22:33,880 --> 01:22:36,320
Speaker 2: to meet green targets is from the Department of Environment,

1767
01:22:36,360 --> 01:22:40,559
Speaker 2: Food and Rural Affairs DEFRA. A fifth of the UK's

1768
01:22:40,560 --> 01:22:43,120
Speaker 2: agricultural land will eventually need to change a fifth. That's

1769
01:22:43,200 --> 01:22:47,360
Speaker 2: twenty percent. It's incredible, isn't it? Just to chase green Target?

1770
01:22:47,400 --> 01:22:48,839
Speaker 2: Sixteen minutes away from nine.

1771
01:22:49,800 --> 01:22:54,200
Speaker 1: The High Asking Breakfast Fall Show podcast on iHeartRadio powered

1772
01:22:54,240 --> 01:22:55,240
Speaker 1: by News Talks.

1773
01:22:54,960 --> 01:22:58,360
Speaker 2: At BE This time yesterday was Steve Price. We were

1774
01:22:58,360 --> 01:23:00,880
Speaker 2: talking about a woman called Joe Haylo, who is the

1775
01:23:01,160 --> 01:23:04,000
Speaker 2: new South Wales Transport Minister. Well she's at the moment.

1776
01:23:04,439 --> 01:23:07,400
Speaker 2: I suspect it won't last much longer. She was the

1777
01:23:07,439 --> 01:23:11,680
Speaker 2: woman who hired the ministerial driver plus ministerial car and

1778
01:23:11,760 --> 01:23:13,240
Speaker 2: when I say hi, she didn't pay for it. She

1779
01:23:13,400 --> 01:23:16,880
Speaker 2: just said, hey, Brian, we're all off up the coast

1780
01:23:17,120 --> 01:23:19,120
Speaker 2: to my holiday home. And that was a four hundred

1781
01:23:19,120 --> 01:23:21,439
Speaker 2: and something four hundred and forty six kilometer trip round trip.

1782
01:23:21,479 --> 01:23:23,800
Speaker 2: He worked thirteen hours, took them out for lunch in

1783
01:23:23,800 --> 01:23:26,240
Speaker 2: the Hunter Valley. So when this became public, she of

1784
01:23:26,320 --> 01:23:29,240
Speaker 2: course went, h that doesn't pass the pub test, doesn't

1785
01:23:29,280 --> 01:23:32,320
Speaker 2: and mins who runs new Southwalk Coast, No, it doesn't, Joe,

1786
01:23:32,760 --> 01:23:36,240
Speaker 2: So she apologizes this Mornings development. She didn't get sacked

1787
01:23:36,280 --> 01:23:38,080
Speaker 2: for it though, which I thought was a sackable offense.

1788
01:23:38,080 --> 01:23:40,679
Speaker 2: I mean if you were doing a bit of business.

1789
01:23:40,760 --> 01:23:42,720
Speaker 2: You know, you went up halfway and you did your

1790
01:23:42,760 --> 01:23:45,920
Speaker 2: ministerial duties and then you sort of carried on, you know,

1791
01:23:46,040 --> 01:23:48,160
Speaker 2: even though you're an idiot, you could probably go. But

1792
01:23:48,400 --> 01:23:50,960
Speaker 2: but but she just went away for the long weekend

1793
01:23:51,120 --> 01:23:54,439
Speaker 2: with her mates. That's all that was. Unfortunately, the small

1794
01:23:54,479 --> 01:23:56,000
Speaker 2: and she didn't get sacked or quit. She should have

1795
01:23:56,040 --> 01:23:57,719
Speaker 2: offered to quit, of course if she had any morals,

1796
01:23:57,760 --> 01:24:01,360
Speaker 2: but she didn't and she wasn't sacked. This morning's news

1797
01:24:01,479 --> 01:24:04,360
Speaker 2: is that the driver, not necessarily the same one called Bruce,

1798
01:24:04,439 --> 01:24:07,479
Speaker 2: but nevertheless a ministerial driver and car has been collecting

1799
01:24:07,520 --> 01:24:10,720
Speaker 2: her kids and doing the sports run. So I think

1800
01:24:10,800 --> 01:24:12,479
Speaker 2: that's probably the beginning, in the middle and the end

1801
01:24:12,520 --> 01:24:14,360
Speaker 2: of her Morning Mike. Never if you asked this question

1802
01:24:14,720 --> 01:24:16,439
Speaker 2: out of the Prime Minister's in view, not an unfair

1803
01:24:16,520 --> 01:24:18,000
Speaker 2: question to ask, Morning Mike. If you're going to do

1804
01:24:19,479 --> 01:24:22,920
Speaker 2: build fairies from scratch, then why can't they make them

1805
01:24:22,960 --> 01:24:25,240
Speaker 2: to match the existing ports set up? A fair question,

1806
01:24:25,400 --> 01:24:27,559
Speaker 2: But you've got a couple of things in play. One,

1807
01:24:27,640 --> 01:24:29,439
Speaker 2: if you're building them from scratch, can you get them

1808
01:24:29,439 --> 01:24:31,160
Speaker 2: by twenty twenty nine or are you going to have

1809
01:24:31,200 --> 01:24:34,040
Speaker 2: to go secondhand. Two, if you can build them from scratch,

1810
01:24:34,080 --> 01:24:36,840
Speaker 2: how long does that take? Are they rail enabled? Are

1811
01:24:36,880 --> 01:24:39,000
Speaker 2: they not rail enabled? And what sort of cost are

1812
01:24:39,000 --> 01:24:41,120
Speaker 2: you're looking at versus something that's already been built, And

1813
01:24:41,200 --> 01:24:42,960
Speaker 2: if the thing that's been built is rail and enabled,

1814
01:24:43,000 --> 01:24:46,240
Speaker 2: not rail enabled, big or smaller whatever that you're trying

1815
01:24:46,240 --> 01:24:48,719
Speaker 2: to line up a you know there's a few ducks

1816
01:24:48,760 --> 01:24:51,160
Speaker 2: to line up there, Mike. Why must the top personal

1817
01:24:51,280 --> 01:24:55,280
Speaker 2: rate be reduced if the company tax rate is reduced? Ireland?

1818
01:24:55,400 --> 01:24:56,880
Speaker 2: And you raise a very good point because we were

1819
01:24:56,920 --> 01:25:00,599
Speaker 2: discussing it off air. Ireland's top rates forty company rates.

1820
01:25:00,680 --> 01:25:03,439
Speaker 2: I think it's about ten. It's you don't have to.

1821
01:25:03,520 --> 01:25:05,280
Speaker 2: There's no law saying you have to, but it is

1822
01:25:06,520 --> 01:25:11,200
Speaker 2: a thing if high income owners can often reorganize themselves

1823
01:25:11,240 --> 01:25:13,760
Speaker 2: into a company. So if the company is paying ten

1824
01:25:13,840 --> 01:25:17,000
Speaker 2: cents and the top individuals paying forty, it behooves you

1825
01:25:17,080 --> 01:25:19,840
Speaker 2: to become a company, and a lot of people do,

1826
01:25:20,040 --> 01:25:24,080
Speaker 2: and therefore there's leakage there, Mike. Australia tax rate twenty

1827
01:25:24,120 --> 01:25:26,920
Speaker 2: five cents, personal rate, top rate forty five cents plus

1828
01:25:27,000 --> 01:25:30,080
Speaker 2: five cent medicare, etcetera. So there are examples of people

1829
01:25:30,120 --> 01:25:32,559
Speaker 2: who do it. It's just not it's accepted generally as

1830
01:25:32,640 --> 01:25:35,439
Speaker 2: not being ideal from are you a company or a person?

1831
01:25:35,840 --> 01:25:40,799
Speaker 2: I can't possibly, I can't possibly divulge the intricate workings

1832
01:25:40,960 --> 01:25:42,320
Speaker 2: of Hosking Inc.

1833
01:25:42,479 --> 01:25:44,679
Speaker 1: Because sometimes I feel like when I'm talking to you're

1834
01:25:44,680 --> 01:25:46,920
Speaker 1: a person and in other times you seem one more

1835
01:25:47,000 --> 01:25:47,559
Speaker 1: like a company.

1836
01:25:48,080 --> 01:25:51,440
Speaker 2: Well it could be both clean I could be domiciled

1837
01:25:51,479 --> 01:25:53,439
Speaker 2: off shore as well. For all you know. It is

1838
01:25:53,520 --> 01:25:54,759
Speaker 2: nine minutes away from nine.

1839
01:25:55,720 --> 01:25:59,720
Speaker 1: The make Hosking breakfast with Vida Retirement Communities News.

1840
01:25:59,800 --> 01:26:01,800
Speaker 2: Tom said, like I always thought of you as more

1841
01:26:01,800 --> 01:26:06,840
Speaker 2: of a shell corporation history, Frank, I sometimes wondered if

1842
01:26:06,880 --> 01:26:07,559
Speaker 2: you were limited.

1843
01:26:08,680 --> 01:26:09,240
Speaker 24: It's for sure.

1844
01:26:11,080 --> 01:26:16,080
Speaker 2: So Allie Williams and Anna Mobray for people outside of Auckland,

1845
01:26:16,120 --> 01:26:17,880
Speaker 2: you probably don't know who they are in Nordy. Your care.

1846
01:26:18,320 --> 01:26:20,400
Speaker 2: The only reason I mentioned Ellie Williams this morning is

1847
01:26:20,439 --> 01:26:23,160
Speaker 2: was once in all black. Anna Mobray is part of

1848
01:26:23,240 --> 01:26:27,639
Speaker 2: the Zuru grouping worth a lot of money.

1849
01:26:27,640 --> 01:26:28,719
Speaker 1: And person or company.

1850
01:26:29,680 --> 01:26:33,439
Speaker 2: Very good question. Anyway, they bought a house and I

1851
01:26:33,520 --> 01:26:35,720
Speaker 2: happened to be in their street the other day. And

1852
01:26:36,560 --> 01:26:39,760
Speaker 2: it's a little street, it's almost a cul de sac

1853
01:26:41,439 --> 01:26:43,880
Speaker 2: and it's a beautiful street and it's a very nice

1854
01:26:43,880 --> 01:26:45,800
Speaker 2: place to live, and they can afford to live there

1855
01:26:45,800 --> 01:26:50,200
Speaker 2: because they're very successful people, and on that we congratulate them. Unfortunately,

1856
01:26:50,280 --> 01:26:53,320
Speaker 2: they decided, for reasons best known to themselves, that landing

1857
01:26:53,320 --> 01:26:55,880
Speaker 2: a helicopter there would be something they might like to do.

1858
01:26:56,120 --> 01:27:01,160
Speaker 2: So they made the appropriate paperwork and the Commissioner Mark

1859
01:27:01,600 --> 01:27:04,759
Speaker 2: was set upon the task and he decided to publicly

1860
01:27:04,920 --> 01:27:07,919
Speaker 2: notify the application on the basis that it affects the environment.

1861
01:27:08,439 --> 01:27:10,439
Speaker 2: The environment I think he means birds, but I would

1862
01:27:10,479 --> 01:27:12,840
Speaker 2: say probably the neighbors, because I know a bit about

1863
01:27:12,840 --> 01:27:14,760
Speaker 2: helicopters and they tend to be quite loud, especially in

1864
01:27:14,840 --> 01:27:16,880
Speaker 2: small cul de sacs. Not that I've ever been in

1865
01:27:16,920 --> 01:27:18,600
Speaker 2: a helicopter in a small cul de sac, but my

1866
01:27:18,720 --> 01:27:22,000
Speaker 2: guess is that they're pretty damn loud. And so a

1867
01:27:22,040 --> 01:27:24,160
Speaker 2: lot of people I'm reading this morning, not surprisingly, have

1868
01:27:24,240 --> 01:27:28,040
Speaker 2: gone they don't like that idea. Neighbors, Eh, what do

1869
01:27:28,120 --> 01:27:30,600
Speaker 2: you do you think that the nobraries were travel by

1870
01:27:30,640 --> 01:27:38,559
Speaker 2: a balloon? That's almost clever. Five minutes away from nine.

1871
01:27:38,680 --> 01:27:43,280
Speaker 9: Trending now Warehouse, the real house of frequencies.

1872
01:27:43,400 --> 01:27:46,160
Speaker 2: So Sam kurzen Court, she's the Matilda striker went out,

1873
01:27:46,240 --> 01:27:47,880
Speaker 2: got a bit pisted, got in the back of a cab.

1874
01:27:47,960 --> 01:27:51,519
Speaker 2: This is January twenty twenty three. Cab driver goes enough

1875
01:27:51,600 --> 01:27:54,720
Speaker 2: for someone's in mockap trying to break a window, so

1876
01:27:54,880 --> 01:27:58,040
Speaker 2: he rings the old bill and she was arrested, charged

1877
01:27:58,080 --> 01:28:01,519
Speaker 2: with criminal damage and racially aggravated public disorder. So everyone goes,

1878
01:28:01,720 --> 01:28:03,360
Speaker 2: I wonder what you did. Well, now we know because

1879
01:28:03,360 --> 01:28:06,200
Speaker 2: we've got body cam footage played on the first day

1880
01:28:06,200 --> 01:28:06,559
Speaker 2: in court.

1881
01:28:07,200 --> 01:28:08,880
Speaker 27: Did you stay on the phone long enough to even

1882
01:28:08,880 --> 01:28:09,479
Speaker 27: speak someone?

1883
01:28:09,560 --> 01:28:12,320
Speaker 10: That's the thing, okay, but they wouldn't do that.

1884
01:28:12,439 --> 01:28:16,360
Speaker 27: Though they wouldn't do that, you should have spoken to the.

1885
01:28:20,280 --> 01:28:22,880
Speaker 25: Honestly, you have stupid and white.

1886
01:28:23,479 --> 01:28:35,759
Speaker 6: Okay, so stupid, I'm over. This is the world problem.

1887
01:28:36,960 --> 01:28:39,439
Speaker 6: Wait on the call, Wait on the call.

1888
01:28:39,840 --> 01:28:43,280
Speaker 27: Wait all right, I'll go over at the moment. Then

1889
01:28:43,320 --> 01:28:46,320
Speaker 27: at three seventeen, you're under rest for criminal damage because

1890
01:28:46,360 --> 01:28:49,360
Speaker 27: there's an allegation that you've smashed that taxi window. You're

1891
01:28:49,360 --> 01:28:52,080
Speaker 27: also under rest for rachel aggravated public order. So there's

1892
01:28:52,080 --> 01:28:55,240
Speaker 27: comments that you've said the reason that's fine.

1893
01:28:55,720 --> 01:28:57,639
Speaker 2: So stupid and white is what you call them. That's

1894
01:28:57,680 --> 01:29:00,960
Speaker 2: that's what this boils down to uh on that. I'm

1895
01:29:01,040 --> 01:29:04,560
Speaker 2: on her side on the behavior. I'm not, obviously, but

1896
01:29:04,800 --> 01:29:06,960
Speaker 2: courts have got bigger fish to fry than calling somebody

1897
01:29:07,000 --> 01:29:08,840
Speaker 2: stupid and white. I mean, you shouldn't call people stupid

1898
01:29:08,840 --> 01:29:10,720
Speaker 2: and white. You shouldn't land the helicopter in a culder sack.

1899
01:29:10,720 --> 01:29:12,040
Speaker 2: I mean, there's a lot of stuff in life you

1900
01:29:12,080 --> 01:29:14,960
Speaker 2: shouldn't be doing the same way that I have for

1901
01:29:15,040 --> 01:29:17,320
Speaker 2: the life of me. I mean, no, you don't kiss

1902
01:29:17,360 --> 01:29:19,600
Speaker 2: a woman after the World Cup in a way that

1903
01:29:19,680 --> 01:29:21,639
Speaker 2: he kissed the woman. But that's in court as well,

1904
01:29:22,280 --> 01:29:24,479
Speaker 2: and I'm thinking that's a lot of court time and

1905
01:29:24,520 --> 01:29:27,920
Speaker 2: a lot of bollocks, isn't it. Goodness sake, We've got

1906
01:29:27,960 --> 01:29:29,479
Speaker 2: bigger fish to fry. I think I told that to

1907
01:29:29,560 --> 01:29:31,719
Speaker 2: the Prime Minister this morning and some of you didn't

1908
01:29:31,800 --> 01:29:35,240
Speaker 2: like that either. Please if you've texted me this morning

1909
01:29:35,360 --> 01:29:37,160
Speaker 2: not liking that, and if you don't go to the Biggessa,

1910
01:29:37,240 --> 01:29:39,400
Speaker 2: because that's a waste of time as well, go buy

1911
01:29:39,439 --> 01:29:41,040
Speaker 2: a helicopter and land it in the cul de sack.

1912
01:29:42,080 --> 01:29:45,920
Speaker 2: You'll have a better day. Back tomorrow from six Happy Days.

1913
01:29:49,160 --> 01:29:52,040
Speaker 1: For more from the Mic Asking Breakfast, listen live to

1914
01:29:52,200 --> 01:29:55,240
Speaker 1: news talks it'd be from six am weekdays, or follow

1915
01:29:55,280 --> 01:29:56,800
Speaker 1: the podcast on iHeartRadio