Episode Transcript
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Speaker 1 (00:09):
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Speaker 2 (00:24):
Rewrapday There, welcome to the Rewrap for Thursday. All the
best but from the mic asking breakfast on news Dogs
it'd be and a sillier package. I am Glenn Hart,
And today why will is so wonderful? We hear from
Tamotha Paul? Because we can never get enough of Tamotha Paul?
Can we before any of that? We can never give
enough of one Donald J. Trump. Because if you thought
(00:48):
that the markets were just in a never ending tumble
to oblivion, you obviously haven't been paying attention.
Speaker 3 (00:54):
Among the clowns who surround the head clown. One of
the chief clowns is the Treasury Secretary trying to explain
this cluster.
Speaker 4 (01:02):
And we saw the successful negotiating strategy that President Trump
implemented a week go. Today it has brought more than
seventy five countries forward to negotiate. It took great courage,
great courage for him to stay the course until this moment.
And what we have ended up with here, as I
told everyone a week ago there in this very spot,
(01:27):
do not retaliate and you will be rewarded.
Speaker 3 (01:31):
So Scott Visant was explaining that although this is a
war and a full on trade war, of course, actually
it isn't a wall.
Speaker 4 (01:37):
I'm not calling it a trade war, but I am
saying that China has escalated and President Trump responded very
courageously to that, and we are going to work on
a solution with our trading partners.
Speaker 3 (01:52):
So you go from thirty something to sixty something to
one hundred and four to one hundred and twenty five,
and that's not really a trade war. Meantime, Carolyn has
taken a pills and she's running full spin.
Speaker 5 (02:03):
Many of you in the media clearly missed the art
of the deal. You clearly failed to see what President
Jump is doing here. You tried to say that the
rest of the world would be moved closer to China,
and in fact we've seen the opposite effect. The entire
world is calling the United States of America not China,
because they need our markets, they need our consumers, and
they need this president in the Oval Office to talk
(02:25):
to them. We will continue with the tailor made negotiations
that I spoke about yesterday. In the meantime, there will
be a ninety day pause on the reciprocal tariffs as
these negotiations are ongoing, and the tariff level will be
brought down to a universal ten percent tariff.
Speaker 3 (02:38):
So that was all surprised breaking news, oh was it?
Speaker 4 (02:42):
The President had a level in mind to raise the
China tariffs and then he had the three month essentially
the three month palls in mind, and we were just
discussing the exact wording.
Speaker 3 (02:57):
The exact wording. Look, where do you put pools? Does
the pools get at the stat or the end of
the Saints? With goodness you.
Speaker 2 (03:04):
Say everything was fine, Daddy Trump had it all under
control the whole time. This was all just part of
the plan, and now you can make all your money back.
Sorry for all you guys who went out of business,
had to refinance remortgage, lost your companies, lost your houses,
(03:24):
lost your families, maybe killed yourselves. Sorry guys, It was
just part of the plans rewrapped. So it doesn't explain though,
why an iPhone might end up costing six thousand dollars
if Apple was to move all its manufacturing to the US.
Speaker 3 (03:40):
Mike, why would an iPhone cost more for New Zealand.
It's not a bad question. So you've got two things.
Is if Apple relocates to America, which they won't, obviously,
the price of an iPhone goes through the roof, and
therefore they'll be selling iPhones around the world at exorbitant prices,
and they'll slowly but surely go out of business because
the Chinese will be laughing. If they don't relocate to America,
(04:00):
which they aren't, they are then going to have to
deal because so much of their stuff is done in China,
They're going to have to deal with the tariff at
one hundred current this morning, one hundred and twenty five percent.
What do they do with that? Do they soak it up? No,
they don't. Do they pass it on? Yes they will.
Who do they pass it on to? They pass on
all one hundred and twenty five percent to the Americans, know,
because they can't afford to because America is their biggest market.
So they'll spread that around the world and they'll send
(04:22):
some to US, some to Australia, some to Europe. And
that's unfortunately how terrorists work. We're all affected.
Speaker 2 (04:28):
Although I did hear one economists who seemed to know
what they were talking about, don't they all though, who
said that it might go the other way because China
is such a manufacturing machine that they've got to seend
their stuff somewhere and sell it somewhere, and they might
even end up selling it at a discounted price, so
(04:50):
it might be a cheaper Riot vhone. Oh look, who
the hell would know? Oh, that's right, of course, I
know who would know? Donald Trump?
Speaker 3 (04:58):
So back in front of the NASCAR slash Indy car,
are they different cars? Did he really ask that?
Speaker 2 (05:03):
No, he didn't ask if they were different cars? He
said are they different? Meaning, you know, how are they
different to drive? Okay, So it was a stupid question.
It wasn't totally stupid, I think.
Speaker 3 (05:15):
Just moderately stupid. Okay. Anyway, here he is on Apple.
Speaker 6 (05:19):
If you look at Apple, Apple is going to spend
five hundred billion dollars building a plan. They wouldn't be
doing that if I didn't do this. They just keep
building them in Jana and that's unsustainable. It's not a
pleasant thing to do, you know. Interestingly, Chuck Schumer and
Nancy Pelosi, crazy Nancy, they've wanted to do this for years,
(05:40):
but they never had a president that had the guts
to do it, because it does take guts, believe me.
Speaker 3 (05:45):
So here's where he's right and wrong. Apple are spending money,
but it's for research and AI. They are not spending
money now because he arrived. They were doing it anyway.
These things don't They didn't cook, didn't wake up on
Monday and go, I know, I'll spend half a billion
trillion dollars by it's crap. But what he does is
he says that, which is technically true, and then you're
(06:06):
led to believe that somehow that will mean that iPhones
are made in America, which is not true. And Lutnik's
an idiot. And there aren't millions of Americans waiting around
with tiny little screwdrivers to put tiny little screws and iPhones.
So yes, like so many multinationals, people are spending money
in America. But then again they always have. And as
every expert in the field is said, what free trade
(06:28):
has done for America is exponential. America has boomed because
of free trade. The middle class have excelled because of
free trade. And part of the free trade equation is
not making six and a half thousand dollars iPhones in
Idaho because it doesn't work.
Speaker 2 (06:45):
It's not real right, Well, I don't know who to believe.
I'm going to believe Mike Hosking because he was the
one who was really thumping the table like he meant.
Speaker 4 (06:54):
It there and.
Speaker 2 (06:58):
That means something to me. The rewrap so great news
for wool. Everything's going to be made out of wool
from now on. Mike loves Will. He's gone on about
Will quite a lot in the past, and he went
on about Will today as well. I accidentally say, well,
there's our boss. I don't think he was talking about him.
Speaker 3 (07:16):
Tell you what, I'm conflicted in the age of tariffs
and free trade and making stuff that the world wants,
how is it? A government can then argue that you've
got to buy wool if you are redecorating, rebuilding, refurbishing,
a major chunk of your consideration will be around cost.
Of course, can wall outprice what might be your desire
for the cheapest product? Going No, it cannot can all
mount an argument that overtime it pays its way. Possibly,
(07:38):
then we come to the patriotic Should we support things
we're good at? I think so. Probably. If you're a regular,
you will know that no one loves wool more than me.
I would pay anything to support wool. I'm a natural
fiber geek. Polyester should be a crime and banned. Funnily enough,
I read a report yesterday about the return of fur.
Fake fake fur is now so good you can't tell
(07:59):
the difference. But it's made out of petrochemicals of course,
So in banning the real thing, to say the animals,
we simply set about trashing the earth more to quell
the demand for fur that never really went away. One
for cheap flooring is driven solely by price. Of course,
wool for what it lacks and price does make up for.
And vibe. I mean it's amazing, amazing, and carpet amazing
and jersey. But are the government picking winners or the
(08:19):
government artificially backing one over another? And if they are
in that business, where's the line? Why is it okay
to make you buy wool, but at the same time
allow any number of new building products into the market
to cheapen the price of the building a house. Why
aren't they making us buy a jib Price one day,
quality the next. There's an inconsistency in that. You see
the woolfan in me says go for it. Wool needs
(08:39):
and deserves help. It's been badly treated, and if this
program makes a difference, then we can all feel good
about it. But the purest in me says, for a
free trader, we favor quality, and wool is quality. But
the reason we don't make a lot of stuff is
because we can't make it at a price we want
to buy it at. And that is smart sensible business.
Speaker 2 (08:55):
Is this really the age of smart sensible business? Though?
I don't feel like it is? The rewrap right, let's
I don't know if you heard the timoth of Paul podcast.
I mean if you didn't, you'd be one of a few.
I mean, if everybody's been hoock on it, surely well
if you've messed it anyway, he's a little pricy for you.
Speaker 3 (09:17):
Speaking of interesting views, miss Tamotha Paul, question for you
this morning, who's the bigger weirdo? Tamotha Paul or mister
Doyle who turned up yesterday? And I'm not sure what
he did yesterday certainly didn't hance's reputation. I can tell
you that for nothing anyway, Tamotha has decided to I
mean this comes out of hipkins of course who picked
up the phone to Marrama after calling Tamotha stupid and
(09:39):
her ideas about defunding the police stupid. Anyway, they sorted
it all out, Everything's okay. But then then then Tamith
Tad Tamotha goes on the podcast.
Speaker 7 (09:48):
The thing with law and order and Labor is that
my expectations and was were already low, like when I
became an MP. They we were just wrapping up the
ram Raid Bill, which they created before the twenty twenty
three election as a last ditch attempt to win Middle
New Zealand votes by punishing our kids. And so it's
not like my expectations of Labour's criminal justice policies was
(10:10):
high in the first place. I wasn't even surprised when
I read Chippy's comments on I thought, that is an
area that we need to pull them closer to the evidence.
Speaker 3 (10:18):
It's going to get down well in the Labor Party meantime.
And of course Mark as in the police Minister Mitchell,
he hasn't got a clue either.
Speaker 7 (10:25):
Well, I would be far more intelligent than Mark Mature.
I mean, the guy doesn't even know what systemic bias
is and he never has anything intelligent to say the
police do really a world class job, Like that's all
he says every time.
Speaker 3 (10:39):
How would she be different? Then?
Speaker 7 (10:41):
I think it's that space that lies within that discretion
is where you're getting all of the bad outcomes because
you're leaving it to like regular people to make judgments
about other human beings that I don't think they're capable
of making. And that is why you see an overrepresentation
of some people with the police and others not.
Speaker 3 (10:59):
I wonder if they showed her the poll that came
out yesterday that said she's talking completely out of crap
anyway as regards people feeling safe with the police. But
as you see the billboards.
Speaker 7 (11:09):
I don't think they understand how these kinds of things backfire.
But for me, I was like, mean free promo shot.
Speaker 3 (11:18):
So I once again ask you the question, mister Doyle
or miss Paul.
Speaker 2 (11:23):
Mean free promo shot? So that's her.
Speaker 4 (11:31):
Now.
Speaker 2 (11:31):
Donald Trump told everybody to be cool. That's fine. Shall
I come into work tomorrow?
Speaker 3 (11:39):
Kind of don't feel like it.
Speaker 2 (11:43):
Every day is anything could happen today. I'll see you then.
Speaker 1 (11:54):
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