Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from News Talk sed be
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Speaker 2 (00:24):
Rewrap.
Speaker 3 (00:25):
Okay, there, welcome to the Rewrap for Friday. All the
best bets from the Mic Hosking breakfast on News Dogs.
They'd be in a sillier package. I am Gleen Haart
and today we've got more tariff talk as Trump keeps sticking.
Speaker 4 (00:41):
It right up everybody. We'll mark the week because that's Friday.
That's what we do.
Speaker 3 (00:46):
And the latest supermarket craze has.
Speaker 4 (00:51):
I think it's better say it is not. Let Mike
hoskings fire. But before any of that, the Investment Summit
looks like it's lighting quite a few people's fire. I suppose.
Speaker 5 (01:01):
Technically it is only halfway through iming today, still to go,
but this investment Summit, it looked good to me day one.
There seems no doubt that one. A lot of people
with a lot of money turned up, and too some
of them spoke of their desire to bid for projects.
Now the Prime Minister, who needs some runs on the board,
of course, I think, has some out of this and
he hasn't even left for India. His pitch that we
are a shelter from the storm. That was smart. He
(01:22):
looked like he had done this before. Perhaps we are
seeing a little bit of what all those other delegates
on the international sojourn see. This is what he does well.
He networks, he presses flesh, he pumps ideas. He has
a plan, nothing specific, as in sign on the dotted
line writer check here and now will come out of this,
of course, But already you can see, given the thing
is over subscribed, that the Prime Minister is right. The
(01:42):
world is a wash with cash and they are keen
to invest. Six trillion is a stunning amount of money.
And if only a small chunk of it comes our way,
and if only a tiny slice build some roads or
future proof some infrastructure, this will have been well worth it. Obviously,
eventually the proof will be in the pudding. Someone needs
a signing ceremony, and may be a spade or two
to be stuck in the ground. But I got the sense,
(02:03):
as a frustrated punter, observer, voter, whatever, that it's these
sort of days and these sort of events that make
us look like we might be on some sort of
path back that we looked a little bit professional and interested,
that we might just have some decent adults about the
place looking to put our stake in the global game
and bring the world so long locked out of this
place back into the room. If Luxum leaves this and
(02:26):
can come back with something tangible next week from India,
then it may well be we feel things are starting
to roll. As I've said many many times, it is
hard to overstate the economic carnage they were handed, and
it's still far from over. I mean, the immigration numbers
just yesterday reminded us of this. No, they're not leaving
in the numbers they once did, but they are still leaving,
and the arrivals are slowing as well. Fewer people means
(02:47):
less economic activity. But you fix all that with reputation,
a reputation of a rock star, of a success story,
of a go getter. Yesterday and hopefully today look like
they are part of that bigger success story.
Speaker 3 (03:01):
So are we finally not just talking the talk about
we're walking the walk, let's hope.
Speaker 4 (03:06):
So it's a rewrap.
Speaker 3 (03:07):
Now you can't say that Trump hasn't walked a certain walk,
whether that's in the right direction or it's around in
crazy circles.
Speaker 4 (03:17):
Peace to say, I mean, what are the people in
Canada think.
Speaker 5 (03:21):
For example, now, just to wrap up this today's version
of the cluster in America and globally with tariffs, it's
two hundred percent. The threat is on various booze items
coming in from the EU. To be fair, the EU
do charge fifty percent on the stuff coming out of America,
so it is retaliatory. Anyway, Rutter was there from NATO.
They had a good chat about that. That seemed to
(03:41):
go reasonably well. So the two big meetings this week
have been Martin yesterday out of Ireland and Rutter this
morning out of NATO. They seem to be getting on
reasonably well. We got a peace deal coming in the war.
But then Trump did say that there's nothing that Canada
does that America needs, which of course is literally not true.
But the bloke who runs the power, or runs all
of Ontario, but is responsible as well for the power,
(04:01):
Doug Fort said.
Speaker 2 (04:02):
This, guess what inflation's going to happen. A terrify on
Canada is a tax on the American people. We're already
seeing it with the aluminum and steel within cars. You're
gonna be paying a lot more for everything right across
the board. Because you can't get aluminum anywhere else. You
only produce sixteen percent of your aluminum. We ship in
over sixty percent. So anything that has aluminum, you're gonna
(04:24):
pay more. Anything that has steel, you're gonna pay more.
You're bringing over close to ten billion dollars of aluminum
in over six billion dollars of stealing. This is hurting
the American people. The markets are speaking, they're absolutely tumbling
over four and a half trillion dollars. And there's only
one reason, because they want to continue to put uncertainty
(04:45):
out there.
Speaker 5 (04:46):
And that's before you get to Lutnik, who yesterday called
them Australia dumpers. And this was on alumineum and steel
as well. And of course Australia aren't dumpers. They barely
export to the United States. If you look at do
exports to the United States, it is Canada and it's China,
and Australia's right at the end of the spigure.
Speaker 3 (05:02):
Yeah. I mean, as Mike see it this morning, when
Trump said Canada has nothing we need, I think it
must have taken a lot of restraint on doug Ford's
part not to just turn off the power switch to
New York at that point a rerap.
Speaker 4 (05:21):
It's a mystery.
Speaker 3 (05:22):
Trump thinks that he's got it all work out, though
I feel like I trust the husk on this more
than I trust Trump.
Speaker 5 (05:30):
Can I introduce you Charles Johnson. Charles, they'll probably call
him Chuck. He's the president of the American Aluminum Association.
It's all well and good. He says, to want more
smelting factories in the US, which is Trump's whole resondebt.
So in other words, we don't need anything from Canada.
We'll build our own stuff. Cool, let's do that. Currently,
it takes eight to ten years to build a smelter,
(05:52):
so that's a plus. You need, says Chuck, to find
a power grid strong enough and willing enough to commit
twenty plus years of service for that smelter. For every
Canadian production job impacts, thirteen American jobs will be impacted.
And this is why I don't understand that Trump. As
much as I like bits of what Trump's about, this
is just plain idiocy and ignorance. We could continue said
(06:13):
it's all going to cost more anyway, because everyone understands
anything about Terris understands how it's going to cost more,
or he says says Chuck. We could continue purchasing from
Canada at the current rates, seeing as those rates were
what President Trump negotiated in twenty eighteen when he described
them as perfect. Don't you hate it when the facts
(06:33):
come back to bite you and your bum.
Speaker 3 (06:35):
I mean, this is the this is really is the
Trump administration that keeps on giving and is so much
more entertaining even than the first time around because of
all the weirdo's that he's really managed to bring along
with him. You know how this Howard Latnik guy the
Commerce secretary here the other day, said there will guarantee
there will be no recession. They are asking him today
(06:56):
about Trump's promise that he's going to cut text, like
literally all of it for anybody earning under one hundred
and sixty thousand dollars, to which Latnik, while that was
taken out of context. That's more of an aspirational thing.
So I guess aspirational promises don't have to be kered
(07:18):
ha for rewrap ariety. Ho Now, by all accounts, it's Friday, so.
Speaker 4 (07:24):
You know what that means?
Speaker 5 (07:25):
Mark the week time Now to mark the week, little
piece of news and current events that's as popular as
saying lame o. Now that the Prime Minister does in
Z seven between the investment conference, the India trip about
to unfold, and the boost a huge boost and visa
interest from wealthy foreigners. That's not a bad week's work
for a small country trying to get its mojo back.
Tariffs too, There's going.
Speaker 4 (07:44):
To be no recession in America.
Speaker 5 (07:46):
The idiocy driving the ideology has been on full display.
Random numbers, multiple threats, increase costs. All that's done this
week is tank markets, decrease value, freak people out, provide uncertainty,
and generally reinforce the idea that Trump is random as
if not dangerous. Wanganui seven. That council with the payments
for meetings and dumping the food scraps is not often.
The council does two good things in a week. Liam
(08:08):
eight yearly days and the pressure is real. But if
one is as big as sport gets anywhere, and he
is at the pointy end of it supermarket supplier costs six,
You notice those settled looks like stability. We like stability
housing six, affordability in a sweet spot, they tell us
this week we like sweet spots. Volunteer and nine yet
(08:28):
another payment upgrade. I mean those guys can't stop giving
away money. We like that as well. Mark Carney seven,
a material improvement on the other bloke, a peace Steel six.
Let's wait and see what lad does. But all encouraging
news is to be welcomed in troubled times. Welcome turnbull
seven sort of my hero of the week. You're given
to bullies, you get more bullying in politics and life.
(08:49):
Sage advice, Rod Duke seven.
Speaker 4 (08:51):
I think it's about time something happened.
Speaker 5 (08:54):
Yeah, other sort of hero of the week. Get your
ars into gear is what he actually said. Get your
ass into gear, as in government as in life. Sage advice,
Rugby changes for Can they at some point work out
the connection between the rules and the mucking around and
the size of the fan base? And go ah? Is
that what happened to the sport? The Health Report by
(09:15):
Deloitte eight probably the most important document that went the
most unreported. It is all you need to know, not
just about health, but about competence, incompetence, stupidity, laziness, and
I still say sabotage. And that is the week copies
on the website and marking the week attracted investment bids
from eighty seven percent of those attending that conference, with
black Rock saying this is way better than any road
(09:35):
we saw.
Speaker 4 (09:36):
Oh yes, could we get some capital in vulgar mark
the week?
Speaker 3 (09:40):
And then instead of me having to actually find all
the sound effects and play them, perhaps I could hire
somebody to find them and somebody else to play them.
Speaker 4 (09:47):
I could just say which ones I want? I like
that idea.
Speaker 1 (09:51):
The rewrap.
Speaker 3 (09:52):
Now we're going to finish up here with a couple
of hats on the latest supermarket collectible. Let's, first of all,
let's find out whether Mike is a.
Speaker 5 (10:03):
Fan the Minecraft nonsense it's going on at Woolworths at
the moment. What's it called cheese whatever qubes? So next
to my desk sits and don't even get me started
about the hot desk scenario of modern office work.
Speaker 4 (10:18):
So are these not yours?
Speaker 3 (10:19):
No?
Speaker 5 (10:19):
And that's my point, Glenn. So next to my desk
is a person who will remain nameless, but who's a
collector of these of these what are they called cheesies qbs? So,
these these Minecraft qubs. So when you go to the
supermarket at the moment, at Woolworths and you spend eight
hundred dollars, you get given a piece of cardboard, and
this is how ridiculous the whole thing has becount It's
literally a piece of cardboard and if you fold the
(10:40):
piece of cardboard, it makes a cube. Hence it's called qubis.
And the theory is somehow you collect like thousands of
these qbs and you, well, in this case, if you're
the person next to me, you pop them on top
of the desk, and somebody like me comes along and goes,
what the hell is this and why don't I put
them all on the bin, to which everyone around me goes, no, no, no, no,
theirre qbs, And I go, what do you do with them?
(11:01):
Nobody knows? And so I like the idea when the
supermarkets do, like they give you a plant and you
can grow a plant. I even got into those many
grow gtory shop things when the kids were little, they
brought home little grocery they're all cool. QB's is stupid.
It's just playing straight up and down stupid. It makes
literally no sense whatsoever. But people allegedly are spending money
at the grocery shop to collect more of these.
Speaker 3 (11:22):
My question is why I thought that was very trump
like the way that Mike kept insisting that they were
called cheese O's even though they're not brought anything like
chees o's. And now I feel like he's going to
keep referring to them as those if he speaks about
them again, which he did, Actually he did speak about
(11:42):
them again because people have a lot of strong feelings
about QB's.
Speaker 5 (11:47):
As it turns out, Mike, I'm with you on QB's.
There's the usual suspects are into these things. Their financial
literacy on a scale of one to ten as one
or two at best. Mike arig QBS might take away
as a teacher. They're all designer mass kids making cubes
using simple nets, subliminal learning. Fingers crossed, not a bad point. Mike,
has Kate collected all forty qbs yet? No, Paul, he hasn't.
I haven't seen any qbs in the house, Thank god.
(12:08):
Might we collect supermarket giveaways and hand them out to
kids at Halloween? Mike Woolwas can't possibly make any claim
for the environment when adding to the landfill with this junk,
And so it goes.
Speaker 3 (12:18):
These people know that the qubis are made out of paper, right,
It doesn't get much more. You know, the little shop,
that's a whole lot of plastic junk that gets thrown
in the paper. I'm pretty sure you can put that
in the recycling once you finished stacking them up. But
don't get me wrong, I don't understand anything to do
(12:39):
with Minecraft either, the whole low rears nature of it,
the cboid nature of it. You know, Yeah, I don't
get it, but that doesn't mean I'm going to hate
on it so and stop other people from enjoying it.
But something's really got up Mike's nose, and it's a cheezo.
Speaker 4 (13:00):
I am a Glen Hart. That was the rewrap.
Speaker 3 (13:05):
Go out, collect your cheese o's and we'll be back
to see how you gone on Monday.
Speaker 4 (13:09):
Eira.
Speaker 1 (13:17):
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