1 00:00:02,720 --> 00:00:05,000 Speaker 1: My name is Lily Maddon and I'm a proud Arunda 2 00:00:05,240 --> 00:00:10,040 Speaker 1: Bunjelung Calcottin woman from Gadigl Country. The Daily oz acknowledges 3 00:00:10,119 --> 00:00:12,320 Speaker 1: that this podcast is recorded on the lands of the 4 00:00:12,320 --> 00:00:15,880 Speaker 1: Gadighl people and pays respect to all Aboriginal and Torres 5 00:00:15,880 --> 00:00:18,799 Speaker 1: Strait Island and nations. We pay our respects to the 6 00:00:18,800 --> 00:00:21,599 Speaker 1: first peoples of these countries, both past and present. 7 00:00:26,960 --> 00:00:29,640 Speaker 2: Good morning and welcome to the Daily os. It's Monday, 8 00:00:29,680 --> 00:00:33,240 Speaker 2: the thirty first of October. I'm Zara, and this morning 9 00:00:33,240 --> 00:00:36,360 Speaker 2: we're bringing you a very special episode of the Daily Odds. 10 00:00:37,479 --> 00:00:40,800 Speaker 2: Last week, our amazing team brought you many an update 11 00:00:40,840 --> 00:00:44,360 Speaker 2: from Canberra after our first look at this year's federal budget. 12 00:00:45,000 --> 00:00:48,240 Speaker 2: Now this morning, Tom Crowley is back and he's bringing 13 00:00:48,400 --> 00:00:52,479 Speaker 2: a special guest, Federal Treasurer Jim Chalmers, to ask the 14 00:00:52,479 --> 00:00:56,240 Speaker 2: big questions on what the Treasurer prioritized in this year's 15 00:00:56,280 --> 00:00:57,480 Speaker 2: budget and why. 16 00:01:00,400 --> 00:01:02,400 Speaker 3: Treasure Thanks very much, thank you. I want to start 17 00:01:02,480 --> 00:01:04,759 Speaker 3: by picking up on something that you talk about a lot, 18 00:01:04,800 --> 00:01:08,080 Speaker 3: which is that the budget is like a conversation between 19 00:01:08,120 --> 00:01:10,840 Speaker 3: the government and the public about our challenges and choices. 20 00:01:11,200 --> 00:01:13,640 Speaker 3: If you had to distial one key message we want 21 00:01:13,680 --> 00:01:14,480 Speaker 3: people to take away. 22 00:01:14,480 --> 00:01:17,000 Speaker 4: What would that be, Oh, that at a time when 23 00:01:17,280 --> 00:01:19,280 Speaker 4: we've got all of this inflation in the economy and 24 00:01:19,280 --> 00:01:21,240 Speaker 4: prices are going up, we've got to make sure that 25 00:01:21,280 --> 00:01:24,080 Speaker 4: the government's not adding to the problem. And so we've 26 00:01:24,080 --> 00:01:26,520 Speaker 4: tried to make the budget really responsible at the same 27 00:01:26,560 --> 00:01:29,880 Speaker 4: time as we've provided some cost of living relief and 28 00:01:30,080 --> 00:01:33,560 Speaker 4: kept our commitments in some of our important policy areas. 29 00:01:33,760 --> 00:01:35,840 Speaker 3: On that question of the cost of living pressures, which 30 00:01:35,840 --> 00:01:37,120 Speaker 3: I think is very tangible for a lot of people 31 00:01:37,160 --> 00:01:39,320 Speaker 3: at the moment. Do you understand the frustration I mean, 32 00:01:39,360 --> 00:01:41,199 Speaker 3: clearly there is this sort of balance in not wanting 33 00:01:41,240 --> 00:01:43,399 Speaker 3: to make the problem worse, but the frustration that more 34 00:01:43,400 --> 00:01:45,119 Speaker 3: couldn't have been done in an immediate sense. 35 00:01:45,200 --> 00:01:48,000 Speaker 4: Yeah, I understand that. I mean, I think inevitably, when 36 00:01:48,040 --> 00:01:50,280 Speaker 4: you do a budget, some people would like you to 37 00:01:50,320 --> 00:01:52,920 Speaker 4: do more and some people would like you to do less, 38 00:01:52,960 --> 00:01:56,320 Speaker 4: and you've got to try and find a responsible middle 39 00:01:56,360 --> 00:01:59,200 Speaker 4: path between that, you know, and I listened respectfully to 40 00:01:59,280 --> 00:02:03,200 Speaker 4: people when they make that their views known about that, 41 00:02:03,320 --> 00:02:06,800 Speaker 4: and I do understand that people are doing it incredibly tough, 42 00:02:07,280 --> 00:02:10,880 Speaker 4: that the impact of higher prices in our economy does 43 00:02:10,919 --> 00:02:14,680 Speaker 4: fool disproportionately on different parts of our community. I understand 44 00:02:14,760 --> 00:02:17,840 Speaker 4: that we help where we can, but we need to 45 00:02:17,880 --> 00:02:21,480 Speaker 4: be really careful here. The budget's got to be incredibly responsible, 46 00:02:21,520 --> 00:02:25,840 Speaker 4: because otherwise the worst outcome, particularly for vulnerable people, would 47 00:02:25,880 --> 00:02:29,280 Speaker 4: be if a budget contributed to higher inflation and higher 48 00:02:29,320 --> 00:02:29,959 Speaker 4: interst rates. 49 00:02:30,760 --> 00:02:32,760 Speaker 3: I suppose picking up on that idea of things that 50 00:02:32,800 --> 00:02:34,880 Speaker 3: we can and can't do, I suspect some people will 51 00:02:34,919 --> 00:02:37,480 Speaker 3: ask the question about I suppose comparing something like the 52 00:02:37,560 --> 00:02:39,959 Speaker 3: job seeker payment, where the Prime Minister has said it 53 00:02:40,000 --> 00:02:41,880 Speaker 3: should be higher, and then looking at the fact that 54 00:02:41,880 --> 00:02:44,280 Speaker 3: top earners have thousands of dollars in tax cuts coming 55 00:02:44,320 --> 00:02:46,040 Speaker 3: in a couple of years time, do you sort of 56 00:02:46,120 --> 00:02:49,160 Speaker 3: understand the again, the frustration that some people might express 57 00:02:49,200 --> 00:02:51,440 Speaker 3: about what that says about the government's priorities. 58 00:02:51,639 --> 00:02:53,280 Speaker 4: Yeah, but I mean, I think you're right to point 59 00:02:53,280 --> 00:02:56,640 Speaker 4: out that the pressure that people are under is now, 60 00:02:56,800 --> 00:02:59,200 Speaker 4: and those tax cuts are a couple of years away, 61 00:02:59,240 --> 00:03:01,600 Speaker 4: and there's a couple of budgets between now and then. 62 00:03:02,160 --> 00:03:05,120 Speaker 4: But the broader point around job seeker you know, I 63 00:03:05,160 --> 00:03:09,360 Speaker 4: think as labor people and as a labor government, you know, 64 00:03:09,400 --> 00:03:12,240 Speaker 4: we always want to try and find ways to be 65 00:03:12,320 --> 00:03:17,200 Speaker 4: more supportive of the most vulnerable in our society. And 66 00:03:17,240 --> 00:03:19,359 Speaker 4: that's why, you know, one of the first well, I 67 00:03:19,400 --> 00:03:21,560 Speaker 4: think the first thing we did as a labor cabinet 68 00:03:21,960 --> 00:03:24,600 Speaker 4: was to get a decent pay rise for minimum wage workers. 69 00:03:24,639 --> 00:03:27,400 Speaker 4: I think that's really important. I think that's often overlooked, 70 00:03:27,400 --> 00:03:30,560 Speaker 4: but that's a really important thing. We support it, and 71 00:03:30,600 --> 00:03:32,440 Speaker 4: we want to do the same in some of the 72 00:03:32,720 --> 00:03:36,480 Speaker 4: workforces dominated by women, including in the care economy, age 73 00:03:36,520 --> 00:03:39,640 Speaker 4: care workers and the like. Beyond that in the budget, 74 00:03:39,800 --> 00:03:43,040 Speaker 4: and I'm not you know, I'm not pretending that this 75 00:03:43,200 --> 00:03:46,640 Speaker 4: is enough or I'm not pretending that, you know, we 76 00:03:46,760 --> 00:03:49,040 Speaker 4: have taken a decision to make this happen. But people 77 00:03:49,120 --> 00:03:51,960 Speaker 4: need to understand as well that in the budget, when 78 00:03:52,040 --> 00:03:56,360 Speaker 4: inflation is really high, that that inflation flows through to 79 00:03:56,440 --> 00:04:00,200 Speaker 4: payments and so job seeker. There's an extra i think 80 00:04:00,240 --> 00:04:03,520 Speaker 4: more than ten billion dollars in the budget for job 81 00:04:03,560 --> 00:04:07,080 Speaker 4: seeker and that's automatic, it's indexation. I'm not overclaiming it, 82 00:04:07,920 --> 00:04:10,720 Speaker 4: but an extra ten billion dollars in payments for people 83 00:04:10,760 --> 00:04:13,520 Speaker 4: on job seeker. To recognize that we do have this 84 00:04:13,600 --> 00:04:17,240 Speaker 4: inflation challenge that's felt disproportionately by people on low and 85 00:04:17,279 --> 00:04:20,279 Speaker 4: fixed incomes and that's why that indexation is really important. 86 00:04:20,760 --> 00:04:23,479 Speaker 3: Without talking about specific policies, do you think that this 87 00:04:23,560 --> 00:04:25,560 Speaker 3: cost of living issue is something that's going to evolve 88 00:04:25,560 --> 00:04:27,320 Speaker 3: for this government over the next two or three years, 89 00:04:27,360 --> 00:04:28,760 Speaker 3: and how do you look at the whole suite of 90 00:04:28,760 --> 00:04:30,040 Speaker 3: budgets that you'll deliver as. 91 00:04:30,120 --> 00:04:31,760 Speaker 4: Part of that. Yeah, I think it is. I mean, 92 00:04:31,760 --> 00:04:35,680 Speaker 4: it's definitely the defining challenge in our economy. And you know, 93 00:04:35,720 --> 00:04:37,760 Speaker 4: almost everything we did in the budget in one way 94 00:04:37,839 --> 00:04:42,600 Speaker 4: or another was influenced by our approach to this inflation challenge. 95 00:04:42,640 --> 00:04:45,839 Speaker 4: And we expect inflation to peek at the end of 96 00:04:45,839 --> 00:04:48,000 Speaker 4: this year and then to start to trail away, but 97 00:04:48,040 --> 00:04:50,560 Speaker 4: it will hang around higher than we'd like for longer 98 00:04:50,600 --> 00:04:54,200 Speaker 4: than we'd like, partly because of electricity which comes the 99 00:04:54,279 --> 00:04:57,839 Speaker 4: higher prices coming from the war in Ukraine, but also 100 00:04:57,880 --> 00:05:02,520 Speaker 4: the natural disasters. The flooding has the likely consequence of 101 00:05:02,560 --> 00:05:04,839 Speaker 4: pushing up grocery prices for a little while as well. 102 00:05:05,080 --> 00:05:08,080 Speaker 4: So this is what's impacting on inflation, on the cost 103 00:05:08,080 --> 00:05:10,560 Speaker 4: of living, and I think it will it will certainly 104 00:05:10,600 --> 00:05:14,280 Speaker 4: define how we go about economic policy over the course 105 00:05:14,279 --> 00:05:16,679 Speaker 4: of twelve months or so. There's another budget in may 106 00:05:17,240 --> 00:05:20,240 Speaker 4: another one that may after that, and I suspect we'll 107 00:05:20,240 --> 00:05:23,159 Speaker 4: be dealing with some combination of these challenges for some time. 108 00:05:23,800 --> 00:05:25,400 Speaker 3: Another one of the challenges that came up in the 109 00:05:25,400 --> 00:05:28,040 Speaker 3: budget was this sort of rising pressure on spending in 110 00:05:28,080 --> 00:05:30,440 Speaker 3: a whole range of sort of I suppose untouchable areas, 111 00:05:30,480 --> 00:05:32,800 Speaker 3: the NBIS and health and that kind of thing. Is 112 00:05:32,839 --> 00:05:35,160 Speaker 3: that something that I mean, as that pressure grows over time, 113 00:05:35,640 --> 00:05:37,880 Speaker 3: are we going to have to have a difficult conversation 114 00:05:38,000 --> 00:05:40,520 Speaker 3: quite soon about either raising more tax or finding more 115 00:05:40,560 --> 00:05:41,640 Speaker 3: areas where we can cut back. 116 00:05:41,880 --> 00:05:43,680 Speaker 4: Yeah. I think what we showed in the budget was 117 00:05:43,760 --> 00:05:47,000 Speaker 4: you need to do a number of things simultaneously. You know, 118 00:05:47,040 --> 00:05:49,520 Speaker 4: you need to show spending restraint. We tick that box. 119 00:05:50,120 --> 00:05:52,720 Speaker 4: You need to trim spending where you think it's been wasteful. 120 00:05:52,880 --> 00:05:56,480 Speaker 4: You know where Barnaby Joyce has been flying around Australia 121 00:05:56,520 --> 00:05:59,320 Speaker 4: writing press releases with a borrowed Biro on the back 122 00:05:59,360 --> 00:06:03,400 Speaker 4: of a coast, making commitments all around the place. Obviously 123 00:06:03,400 --> 00:06:05,000 Speaker 4: you need to trim that back. We did that. That 124 00:06:05,080 --> 00:06:07,000 Speaker 4: we more work to do there, but there is a 125 00:06:07,080 --> 00:06:09,640 Speaker 4: role for sensible tax reform I think too. And what 126 00:06:09,680 --> 00:06:12,359 Speaker 4: we did in the budget was start to ensure that 127 00:06:12,480 --> 00:06:15,720 Speaker 4: multinational corporations pay a fair share of tax in Australia, 128 00:06:16,240 --> 00:06:18,839 Speaker 4: and also to empower the Tax Office to make sure 129 00:06:18,839 --> 00:06:21,560 Speaker 4: that people aren't dodging their tax responsibilities. And that raises 130 00:06:21,560 --> 00:06:24,279 Speaker 4: billions of dollars, and that's a really important start. I 131 00:06:24,320 --> 00:06:26,760 Speaker 4: suspect in the future we'll need some combination of those 132 00:06:26,800 --> 00:06:30,160 Speaker 4: things again. And you know, I think you reference the 133 00:06:30,240 --> 00:06:32,760 Speaker 4: kind of national conversation about our budget pressures. I think 134 00:06:32,800 --> 00:06:36,160 Speaker 4: that will be tax will be central to that when 135 00:06:36,200 --> 00:06:38,280 Speaker 4: it comes to the spending pressures on the budget. I mean, 136 00:06:38,320 --> 00:06:40,000 Speaker 4: a lot of these things are things that we want 137 00:06:40,040 --> 00:06:41,760 Speaker 4: to do, you know, that we want to find room for. 138 00:06:41,880 --> 00:06:43,880 Speaker 4: We want to support people with a disability. We want 139 00:06:43,880 --> 00:06:48,160 Speaker 4: to have world class healthcare, we want to have robust 140 00:06:48,200 --> 00:06:51,360 Speaker 4: national security. That's really important to us. All of that 141 00:06:51,400 --> 00:06:53,039 Speaker 4: really important to us, and so we need to find 142 00:06:53,120 --> 00:06:54,680 Speaker 4: room for that. But we also need to make sure 143 00:06:54,680 --> 00:06:56,880 Speaker 4: that when we are spending these big amounts of money, 144 00:06:57,240 --> 00:07:01,160 Speaker 4: which grow over time, that we're getting some value for money. 145 00:07:01,320 --> 00:07:05,120 Speaker 4: And so to people who are on the National Disability 146 00:07:05,160 --> 00:07:07,719 Speaker 4: Insurance Scheme and to their families, my message to them 147 00:07:07,839 --> 00:07:10,680 Speaker 4: is we want to put people with a disability at 148 00:07:10,680 --> 00:07:13,200 Speaker 4: the center of the NDAs. We want to make sure 149 00:07:13,200 --> 00:07:15,600 Speaker 4: that we can support you as much as we can. 150 00:07:15,960 --> 00:07:18,520 Speaker 4: Part of that is making sure that every dollar we 151 00:07:18,560 --> 00:07:21,360 Speaker 4: spend in the NDIS is going to that purpose and 152 00:07:21,400 --> 00:07:24,120 Speaker 4: not being wasted or aughted. And that's what a lot 153 00:07:24,120 --> 00:07:27,400 Speaker 4: of the reviews that Bill Shorten, who's the Minister for 154 00:07:27,440 --> 00:07:31,520 Speaker 4: the NDIS, has begun, and we're hoping that that gives 155 00:07:31,600 --> 00:07:33,920 Speaker 4: us the opportunity to make sure we're getting bank for buck. 156 00:07:34,320 --> 00:07:36,560 Speaker 3: Some of these trickier conversations about tax I mean, they've 157 00:07:36,560 --> 00:07:38,440 Speaker 3: been the downfall of plenty of sort of treasuries and 158 00:07:38,440 --> 00:07:40,480 Speaker 3: prime ministers in the past. Some of the thorny debates 159 00:07:40,520 --> 00:07:42,320 Speaker 3: about this, Well, what do you think your approach will 160 00:07:42,320 --> 00:07:44,640 Speaker 3: be to having those kind of difficult conversations. 161 00:07:44,680 --> 00:07:47,760 Speaker 4: Yeah, I'm pretty realistic about it. You know, I understand 162 00:07:47,800 --> 00:07:50,520 Speaker 4: that when you hand down a budget that's got some 163 00:07:50,680 --> 00:07:53,960 Speaker 4: cuts to spending, it's got you can't do everything in 164 00:07:54,000 --> 00:07:56,200 Speaker 4: one budget you would like to do. It need to 165 00:07:56,240 --> 00:07:59,960 Speaker 4: make difficult tax changes. I know that these are thawnyish, 166 00:08:00,760 --> 00:08:03,680 Speaker 4: and I'm not pretending otherwise. You don't become the Treasury 167 00:08:03,680 --> 00:08:06,640 Speaker 4: of Australia without understanding that there are difficult choices to make. 168 00:08:06,680 --> 00:08:09,160 Speaker 4: We made some difficult choices already, There'll be more to come, 169 00:08:09,960 --> 00:08:12,480 Speaker 4: and what I will try to do is and I 170 00:08:12,520 --> 00:08:14,680 Speaker 4: won't always get it perfectly right, but I want to 171 00:08:14,720 --> 00:08:18,440 Speaker 4: try and level with people about the trade offs and 172 00:08:18,520 --> 00:08:21,440 Speaker 4: the choices and the challenges, and not just that, but 173 00:08:21,560 --> 00:08:24,240 Speaker 4: explain that where we have taken action as we did 174 00:08:24,240 --> 00:08:26,400 Speaker 4: in the budget, as we have as a government in 175 00:08:26,440 --> 00:08:29,400 Speaker 4: lots of areas, explain why we got to that. While 176 00:08:29,400 --> 00:08:31,400 Speaker 4: we reached that conclusion, and while we're doing what we are, 177 00:08:31,520 --> 00:08:34,400 Speaker 4: I think there's an appetite for some real talk in 178 00:08:34,400 --> 00:08:38,320 Speaker 4: the Australian community about those things. And that's not to 179 00:08:38,440 --> 00:08:42,560 Speaker 4: confuse that with a sense of kind unanimity around some 180 00:08:42,600 --> 00:08:45,880 Speaker 4: of these difficult decisions. It is inevitably difficult. These are hard, 181 00:08:45,960 --> 00:08:49,760 Speaker 4: thorny entrenched issues. People think we've got these challenges as 182 00:08:49,800 --> 00:08:52,880 Speaker 4: a consequence of the COVID or whatever. Some of these 183 00:08:52,960 --> 00:08:55,240 Speaker 4: challenges have been hanging around a long time. You think 184 00:08:55,280 --> 00:08:56,920 Speaker 4: what happened when we came to government. There was an 185 00:08:56,920 --> 00:09:00,360 Speaker 4: age care crisis, there was energy policy chaos, We had 186 00:09:00,400 --> 00:09:04,040 Speaker 4: stagnant wages, labor and skill shortages, and are trillion dollars 187 00:09:04,040 --> 00:09:06,120 Speaker 4: in debt and you can't just click your fingers and 188 00:09:06,160 --> 00:09:09,520 Speaker 4: make that disappear. And we don't expect unanimity as we 189 00:09:09,559 --> 00:09:10,720 Speaker 4: try and deal with those things. 190 00:09:11,040 --> 00:09:13,640 Speaker 2: We'll be back in just a moment, but first a 191 00:09:13,679 --> 00:09:14,800 Speaker 2: message from our sponsor. 192 00:09:16,520 --> 00:09:18,400 Speaker 3: One final question. A lot of our audience are sort 193 00:09:18,440 --> 00:09:21,479 Speaker 3: of young people and issues like climate change and hausing affordability, 194 00:09:21,480 --> 00:09:23,040 Speaker 3: and I guess fear of the future is kind of 195 00:09:23,040 --> 00:09:24,880 Speaker 3: front of mind for them. And I think, you know, 196 00:09:24,920 --> 00:09:28,400 Speaker 3: when they hear talk about trade offs and difficult choices, 197 00:09:28,720 --> 00:09:30,240 Speaker 3: even if there are good reasons for them. I think 198 00:09:30,280 --> 00:09:32,840 Speaker 3: sometimes there's a bit of cynicism about whether politicians take 199 00:09:33,280 --> 00:09:35,600 Speaker 3: these big problems with enough of a sense of urgency. 200 00:09:36,200 --> 00:09:40,080 Speaker 3: How would you kind of respond to that sort of concern. 201 00:09:40,280 --> 00:09:42,880 Speaker 4: I understand that there is some anxiety about the future 202 00:09:42,880 --> 00:09:46,280 Speaker 4: out me. I think people are typically relatively optimistic. I 203 00:09:46,320 --> 00:09:49,600 Speaker 4: know I am, but there is this sense of anxiety 204 00:09:49,640 --> 00:09:53,360 Speaker 4: about what the future holds for us. I think about 205 00:09:53,400 --> 00:09:56,840 Speaker 4: that great Jimmy Iven said about fear is a tailwind, 206 00:09:56,840 --> 00:09:59,960 Speaker 4: not a headwind. You know, we should be using our 207 00:10:00,040 --> 00:10:03,600 Speaker 4: appreciation of the challenges ahead to spur us forward in 208 00:10:03,720 --> 00:10:06,319 Speaker 4: areas like climate change, and we've got a big substantial 209 00:10:06,320 --> 00:10:10,000 Speaker 4: agenda on climate change. We should be using what we 210 00:10:10,080 --> 00:10:12,640 Speaker 4: know about the difficulties in the housing market to come 211 00:10:12,720 --> 00:10:14,439 Speaker 4: up with new ways to address that, and we did 212 00:10:14,440 --> 00:10:17,400 Speaker 4: in the budget around the Housing accord, bringing people together 213 00:10:17,600 --> 00:10:20,800 Speaker 4: to solve this problem in the rental market where vacancy 214 00:10:20,880 --> 00:10:23,280 Speaker 4: rates are low, rents are high, and it's harder to 215 00:10:23,320 --> 00:10:26,960 Speaker 4: live where the jobs and opportunities are and so we 216 00:10:27,000 --> 00:10:31,880 Speaker 4: should be upfront with younger people in particular. We recognize 217 00:10:31,920 --> 00:10:33,800 Speaker 4: that if you go out in a ten or twenty 218 00:10:33,880 --> 00:10:36,480 Speaker 4: year horizon, we actually know where some of these challenges 219 00:10:36,520 --> 00:10:39,120 Speaker 4: are going to come from. We have an obligation to 220 00:10:39,240 --> 00:10:41,800 Speaker 4: younger Australians in particular to act on them. That's why 221 00:10:41,800 --> 00:10:45,120 Speaker 4: we take climate change seriously, skills and training so seriously, 222 00:10:45,200 --> 00:10:47,960 Speaker 4: housing seriously, and there are elements of that in the budget. 223 00:10:48,280 --> 00:10:49,840 Speaker 3: Thanks very much for sure, Thank. 224 00:10:49,679 --> 00:10:54,280 Speaker 2: You, thanks for joining us on the Daily OS. If 225 00:10:54,280 --> 00:10:57,760 Speaker 2: you learned something from today's episode, don't forget to hit subscribe. 226 00:10:57,760 --> 00:11:00,839 Speaker 2: So there's a TDA episode waiting for you every weekday morning. 227 00:11:01,360 --> 00:11:03,280 Speaker 2: And if you haven't listened to The Mirror yet, I 228 00:11:03,320 --> 00:11:06,439 Speaker 2: would strongly advise you go check it out. Our finale 229 00:11:06,520 --> 00:11:08,480 Speaker 2: will be dropping next week. But that is more than 230 00:11:08,600 --> 00:11:11,240 Speaker 2: enough time to catch up on the other three. We'll 231 00:11:11,280 --> 00:11:16,319 Speaker 2: be back again tomorrow, but until then, have a great day.