Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from News Talk zed B.
Follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:22):
The Rewrap and welcome to the Rerap for Friday, Oh
no Thursday, to put myself out there all the best
that's from the my casting breakfast on Newstalks there'd be
and a Sillier packet. Whatever day it is, I am
Glen harton today we will mark the week because it's Thursday,
and that's what we do on Fridays. Not everyone can
wear orange. Russia is just so hot right now. It's
(00:44):
certainly if you remember the Olympic Committee and we get
to listen to the Ravens of a Madman four times
in one day, that's pretty cool. But before any of that,
it turns out everything comes out of cost, even life
getting better, i e. So the interest rates have to
go up.
Speaker 3 (01:00):
Now you can't beg the Monetary Policy Committee, I mean,
will you can? But in this case you'll be fairly cheerlish.
Personally I would have held, but given the boat was
done by consensus, I clearly would have been a lone
voice in that room. Three hikes are coming, possibly they
say they think we may get them. Every other meeting.
We'll end up with the cash rate of about three
point two five. If you want glass half full, look
at Australia. Their cash rates well into the fours and
(01:22):
inflation's far from over. And that's before I get to
the upcoming job issues. Not to mention the property correction,
but back to us, inflation is why they're hiking, and
we'll continue to hike butt big butt. Surely there's an
argument that says it's not as bad as we feared,
and not just that it's peaked and it's trending down
down to exactly where it needs to be. And besides,
a lot of the inflation remains council rates and cost
(01:43):
plus accounting from power prices. The Taxpayers Union blamed the
government yesterday, which is a very Australian sort of argument,
but it's not applicable here. The government has an operating
budget of two point one billion. I mean it's anemic.
We are three billion better off, as the latest figure
showed us this week than we thought. The government is
not blowing out inflation. But the main reason I would
have held is the psychology of pulling the trigger too soon.
(02:05):
We are fragile. New Zealanders love a funk, and we've
been in a funk, and we don't need misery. Merchants.
The bank are clinical, you see, which in part is
their job, I guess. But a good part of any
economy is the psychology of it, the vibe of it,
the mood of it. We need help on the mood.
We need a lesson on how to get on with it.
We need to be encouraged. A rate hike doesn't do that. Look,
(02:25):
it's not a disaster, it's not even a bad mistake.
It's probably just an unwelcome attitude driven by number wanks,
not impaths who could have been a bit more generous.
New Zealand is on the move again. The bank says
twenty five points doesn't hinder that. I'm not convinced they're right.
Speaker 2 (02:40):
Are We had the Doctor, the Good Doctor on the
show this morning. Mike did ask you if she gets
out of the closet of virons of the Reserve Bank
in Wellington out into the wider world, maybe to walk
them once or twice.
Speaker 4 (02:57):
There'sit.
Speaker 2 (02:58):
A few businesses she did mention visiting at least one
business and then going to lunch with some other businesses,
and of course presumably the lunch was at a restaurant
or something, and that in itself is a so you're
not that cloistered.
Speaker 4 (03:10):
I reckon it's a rewrap.
Speaker 2 (03:11):
No, seriously, actually thinks like a good floating not at all.
Speaker 4 (03:13):
Stack up.
Speaker 2 (03:14):
Now, let's mark the week. Even though it's Thursday, that's
really Friday. We all know it is.
Speaker 3 (03:19):
Time to mark the week. Little piece of news and
current of intersect is more entertaining actually than Adam Sandler
at the MSG dicked out as a forest on a
Friday night. All black seven, new season, new era and
a winners you just heard next top Italy hashtag shouldn't
be hard World Cup eight. Even a person like me,
minimum of any interest at the best of times, and
increasingly mesmerized by people like Messy and teams like England.
(03:42):
It is why I guess it's the biggest sport in
the world. The Reserve Bank five read the room poorly.
I think, I mean, don't cock up the recovery. I
mean they haven't. They haven't. They may not, but did
a fragile state of mind need a dose of bad news?
The recovery seven? It's real, It's yes, it's early days,
but too much dart had too many forecasts for for
it to be denied now Australia for good, pick your report,
(04:09):
Deloitte's This Week or the OECD both say the same thing.
It's downhill from here. The tighters turn New Zealand. There's
back baby retail New Zealand. Though for WA see callin
for tariffs is lazy. I get it, but it's not
who we are. We compete on quality and service and
perhaps a little bit of patriotism. The NROLTV deal eight.
That's the story of a well told story. Landy's and Co.
(04:31):
They dream big, they sell well, they bank the results.
Wellington seven, Well, I love you, Wellington Airport close to town.
Cog is food as good as anywhere. Architecture Auckland could
learn from just there for the night, of course, but
enough to be back for more. Trump's crypto too.
Speaker 4 (04:48):
I know what the hell I'm doing.
Speaker 3 (04:51):
Making money off dummies. One million people lost five billion dollars.
What a cool president. NZ invest in Data centers seven.
I mean, good idea. Let's see how the not near
me argument goes though. Bremworth six see I got into
the weeds on this and I think the collapse of
the takeover this week. It's no bad thing. I mean, yes,
it's been a mess. I get all that, but what
is a thing and localism is a thing, and we
(05:12):
wish them well. Harry too, poor Hurry can't stay at
Dad's lost in court, kids are in California's got a
tragic lost soul vibe about him, doesn't he mody eight?
Speaker 1 (05:25):
Yeap.
Speaker 3 (05:25):
We must not underestimate the power and size of this deal.
Took years to basically go nowhere, and yet now we're
across the line. There are no losers in free trade.
And that is the week copies on the website and
four of these table together, by the way and cut
out the right way makes an awesome Martaiqi constellation if
you hold it against.
Speaker 2 (05:40):
A forty What amazing. How many places are having long
weekend sales this weekend. It's like they can't quite bring
themselves to say that it's marta riki. It's a mart
atiki sale. What do you reckon that's about?
Speaker 4 (05:54):
We know what that's about?
Speaker 2 (05:55):
Anyway, you know who? I tuned two whenever I need
to know what's going on. And the weird and wacky
will behind the scenes of Formula one. Well, the hoss obviously.
Speaker 3 (06:05):
We're trying to get to the bottom of the pastry thing.
Bit of b F gossip for you this morning. I've
been trying to get to the bottom of the pastree thing.
Is Pistry off? No is the answer. So a lot
of scuttle button. The summer breaks coming up. They've got
one more meeting next week and then they're off at
the summer break. I think that's right anyway, the point
being he's got one of those contracts that the Stappan's got.
Apparently the contract says if he's not in a certain
(06:26):
place by the summer break, if he's not in the
top five, he can trigger a release. Cause he's currently sixth,
so he might be fifth by the time the summer
break comes along. Anyway, there's a sort of an angst
in there. But the interesting thing about it at the moment,
as far as I can work, and this applies to
v Stappan as well, it's all very well to be
unhappy and leave for a team, but where are you
going to? So those two guys would want to go
(06:47):
to a team that's a winning team. So would Pastre
going to Red Bull make him any more a winner
than what he is at McLaren and the answers, No Wood,
Max for step and leaving Red Bull and going to McLaren.
He apparently has been talking to Mercedes, Ferrari McLaren. There's
no way that Ferrari's going to hire for Stappin. I mean,
for who Leclaire wrong? He won Lewis, he's a legend.
(07:09):
Would he go to McLaren so that would be a swap.
Would he going to Mercedes? And what's he going to
do with Russell who's currently second in the World Championship
behind the other guy who works for Mercedes called and Nelly.
So these guys there's sort of nowhere for them to go.
But anyway, the upshot appears to be that piastri it's
all more. It's more rumor and innuendo than it is fact.
Max has been on the Socials overnight with a Red
(07:33):
Bull helmet, though with orange accents, not Papaya accents. Orange accents.
Great to be back in orange, he says. So basically
him and his dad are stirus is what. I would
be surprised if either of them end up leaving it
all doesn't mean the rest of the market doesn't shuffle
around a bit and that'll be interesting. But for those two,
I don't think they're going anywhere.
Speaker 2 (07:53):
Do you think he really felt good to be back
in orange? Because nobody can really read orange, can they.
It's strange how many sports teams the Netherlands. I don't
know that that's worked out for them at the World
Cap wearing orange. I mean, I guess you're harder to miss.
(08:17):
I wonder if you crash if statistically orange cars crash
more or less because a bit more high viz. Have
I been thinking about this too much? Probably the re
rap Actually, while we're on sport, if you've really been
missing Russia at the Olympics, don't worry next time round,
guess who's going to be There been.
Speaker 3 (08:35):
A very good week for sport. I've decided the NRAL
rights stories fantastic story, I mean, the most valuable sports
deal in the history of Australasian sports. Brilliant and messy
in the World Cup, and we love all that sort
of stuff. But then the I mean Trump football, I've
decided so big. Even a dickhead like Trump can't ruin it,
even a crook like Infantino can't ruin it. I mean,
once the balls kicked everyone's into it, aren't they anyway?
(08:57):
So the Olympic Committee comes out yesterday and Russia's going
to be back in la at twenty eight. And they say,
because of course, Russia got suspended because the Ukraine War.
And this is the weirdest thing. They got suspended because
of the Ukraine War. But that's no quote unquote, that
band's no longer applicable according to the Olympic Committee. Why
is that? What did the war stop? And I didn't notice?
(09:18):
So you banned somebody because of the war, and yet
the very war you ban them for that's still going.
Suddenly it's no longer applicable. Explain it?
Speaker 2 (09:26):
It's how is it? I feel like, if you can,
if Iran can play in the World Cup in America
while Iran and America blowing up each other's staff, does
seem a bit strange that Russian can't play the running, jumping, lifting,
(09:49):
throwing games, doesn't it? And there's the whole thing, just
a bit stupid.
Speaker 3 (09:53):
The rewrap.
Speaker 2 (09:54):
I'm going to finish up by putting a trending now
into this podcast, which I don't normally do. But so
Trump appeared at four different separate appearances and anchor around
this NATO summit, and I the trouble is when you
do that, you start repeating yourself or being and if
(10:17):
it not to repeat yourself, you start saying stupid stuff.
Speaker 1 (10:19):
Trending now as well your home of winter essentials.
Speaker 3 (10:24):
It might make the show just about fun facts this morning. Anyway,
back to Turkey, you cease fire as Ober until it
wasn't tried with spin is Ober because they're not into
the three and a half percent depens commitment. That's but
the really big stuff, the important stuff was, of course
TikTok and the Dems.
Speaker 4 (10:37):
The numbers just came out and I'm number one on
TikTok and all I do is talk about coming right,
So it's sort of good. I used it to get
elected too, but you know, you have to get your
word out. But it's just the numbers came out just
a little while ago, and I was number one, some
ridiculous number. I never heard of numbers like that, but
number one, and all these entertainers at number twenty seven,
(11:00):
twenty nine. It's crazy. I don't even understand myself that,
I mean, set my words getting out about how great
our country, how successful our country is, and how bad
communism is, and how bad these lunatics are that are
running for election that don't sound good, don't think good,
and don't look good. I don't see any looker. I
(11:22):
don't see anybody with the look. You know, you need
the look. I guess you need something, but they don't
have it.
Speaker 3 (11:28):
You know, I honestly think I'm onto something. And I
raised it the other day when he was off wherever
he was. He shouldn't travel because he gets too tired,
he gets jet lag. That's literally the ravings of a
nut job.
Speaker 2 (11:38):
Well, what do you mean, I mean, he sounds pretty
coherent when he said this.
Speaker 4 (11:41):
We had one hundred and eleven missile shot by the
Islamic Republic of Japan.
Speaker 3 (11:48):
They were shot at the aircraft Garrett. It's but don't
text me all your tinhatters. Don't text me that if
that was Biden, you would have written them off.
Speaker 2 (11:59):
Can we bring back Biden?
Speaker 3 (12:00):
And you know it? And by the way, he's not
number one on TikTok. He's got sixteen point six million followers,
the number one person on tiktoks at one hundred and
sixty two. He is the most followed world leader with
four billion views. But the four billion views include hashtag Trump,
and most of the hashtag trump involved the poll the
reflecting pool. And let's not been the finest moment either.
I mean, honestly, let's wake up to the fact that
(12:20):
guy's a nutjob. You know, it's not all bad, he's
not all bad, but he's a nut job.
Speaker 2 (12:27):
Think at this point he's mostly bad? Doesn't he quite
a large percentage of bad? The majority?
Speaker 4 (12:33):
Dad?
Speaker 2 (12:35):
I am a clear heart. I think we deserve a break,
don't you. So let's not do this again tomorrow, but
we'll do it again on Monday instead. How does that stand?
To see this thera.
Speaker 1 (12:53):
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