Full Show Podcast: 09 March 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The only drive show you can try the truck to
ask the question, you get the answers, find and give
the analysis. Heather Duplicy Ellen Drive with One New Zealand
and the power of satellite mobile news dogs There be.

Speaker 2 (00:18):
Afternoon. Welcome to the show. Coming up today, Associate Energy
Minister Shane Jones on the fuel price shooting up, Greg
Smith of Generate on the stock markets tumbling down, and
we're going to tell you about mining asteroids.

Speaker 3 (00:29):
Heather Dupericy Allen, Look, I.

Speaker 2 (00:30):
Know that we're all going to have different points at
which we think media reaction to a news story gets silly.
But for me, it was this morning members of the
media chasing the Prime Minister through Wellington Airport asking him
whether he was considering resigning and if he has the
full support of his caucus. To me, seems a little
bit silly, silly because it's not as if he's gone
to ground for the last four days, is it. I mean,
he was on morning media this morning, he did two

(00:52):
radio intervis and at least one TV appearance appearance and
is also going to front for a post cabinet press
conference which should be kicking off now. So they're not
star of opportunities to talk to the Prime Minister without
chasing him through a crowded hall. It also creates the
impression of drama where really no drama exists. There is
no coupe. All of his ministers are backing him publicly. Privately, yeah,

(01:13):
maybe a little less so, but publicly they are. Luxon
is the leader until he has talked out of being
the leader, and there's no indication that that's happening either.
In short, nothing is happening in the short term.

Speaker 4 (01:23):
Now.

Speaker 2 (01:23):
If I have to try to understand why the media
wanted to chase him through the airport, maybe it's because
they sense that things have shifted, and that is true.
Since the poll on Friday morning that put the National
Party at twenty eight percent, two things have changed. The
first is that ministers who previously gave complete backing too
Luxon are now privately doing it with a caveat. Yeah,

(01:43):
I support him, there's a butt, but he is quite
bad at taking advice. But he made a bad call
with X, y Z whatever. They've dropped their full confidence
in him. That tells me something is going on in
their heads. The second thing is that he has now
entered I think publicly dead man walking territory, every bad
poll from here on in, every big mistake that he
makes from here on in, and he will we'll revive

(02:05):
talk about his leadership. And that is a slow bleed
out for a leader. It ends in one of two ways,
a spanking on election day or the leader finally calling
it quits and going now. I think he's in that space.
I don't think the coalition government loses the election at
this rate, but I think the National Party comes back
as a mini version of itself and that's not a
good thing for them.

Speaker 5 (02:24):
Now.

Speaker 2 (02:24):
Maybe that electoral prognosis is what's got the media so
excited that they're chasing him through the airport. That though,
I think is a medium term thing today, I think
the brief excitement of the weekend and just before the
weekend is over and nothing is going to happen.

Speaker 3 (02:38):
Heather duplusy Ellen.

Speaker 2 (02:41):
Nine two ninety two is the text number now. Athletics
New Zealand says we've got a little bit of a
dilemma on our hands that we're going to have to
solve if we want to host the twenty thirty four
Commonwealth Games. We need somewhere to put the track and
field and apparently none of our existing venues are up
to snuff. Now Cam Mitchell is in India. He's the
Athletics New Zealand Chief executive. High Camp on what's wrong

(03:01):
with our facilities?

Speaker 6 (03:04):
Oh, look, the facilities I guess are more based around
sort of community or domestic level athletics, so you know
they're adequate for that level of athletics. But if we
are looking to host international athletics and we're also looking
to grow our sport and create special moments like we
had on Saturday Night with track Stars, then I guess
the infrastructure needs they grow and so we've got to

(03:27):
keep up with the requirements we have as we grow
as a sport.

Speaker 2 (03:31):
Are you talking about what is actually happening on the
field or is it what's going on in the stands,
like the ability to hold more people.

Speaker 6 (03:38):
Look, it's a bit of both, I mean predominantly, I
guess it's the wrap around support within the venue, the
ability to run on backstraights, for example, and have the
right time to equipment the right screens. Those sorts of
things play a major role in performance, particularly for sprinters
that typically or definitely want to run with a tow
wood not into a headwind, so setting infrastructure, know, all

(04:00):
those sorts of things with positive fan experiences. You know,
in terms of the athletics requirements, I guess none of
our facilities are one hundred percent optimal. So there are
some minor adjustments we need to make at some of them.
But I guess it more sits around the fact that
if we are wanting to host major events with regards
to athletics, that you know that at the moment there

(04:21):
isn't anything that's optimal.

Speaker 2 (04:22):
So this is this doesn't sound like a complete build.
It sounds like a renovation or a tweak at an
existing venue. Is that right?

Speaker 7 (04:29):
Yep, that could be one option.

Speaker 6 (04:31):
But you know, ideally from our perspective, you know, having
a home of athletics that's that's able to sort of
cater for international quality events would be it would be
something we would love to have. So you know, Mount
Smart was obviously the home of athletics, but was converted
to being a rugby league field once the Warriors sort
of kicked off in the mid nineties and then q

(04:51):
E two obviously with the earthquakes, you know, has been
replaced with Napuna Win and christ Church which is a
really good domestic level facility, but doesn't necessarily built for
fans and.

Speaker 7 (05:01):
Broadcasts and those sorts of things.

Speaker 6 (05:03):
So certainly the broadcast infrastructure and lighting infrastructure required for broadcast.
You know, really it's only Trust Arena and West Stalklond
that has anything that.

Speaker 7 (05:12):
Would meet those requirements.

Speaker 6 (05:14):
So every venue has got its own quirk and little challenges,
and nothing is quite optimal. And I guess I guess
that's something that we're keen to sort of work. You know,
there is this National Sports Facility Strategy being developed by
the government, so we're sort of feeding into that and
making sure that we're around the table and that athletics
it's probably viewed in a different light to what it

(05:34):
has been in recent times. You know, we're a sport
that's on the move, we're starting to attract larger audiences.

Speaker 7 (05:40):
We've now got a TV product in place.

Speaker 6 (05:42):
So I think they're really good conversations for us to
be having as we try and reset the sport.

Speaker 7 (05:47):
You know, facilities do.

Speaker 6 (05:48):
Create great experiences for fans and also I guess the
athletes themselves obviously.

Speaker 2 (05:54):
I mean, how do you write your chances that you're
going to get anything particularly Flash, because I thought half
the pitch for the twenty thirty four Colm Games is
that we wouldn't have to pay anything. We basically had
the facilities ready to go. So it feels to me
like you're probably you're probably out of luck on that.

Speaker 6 (06:08):
What do you think, Oh, look, I think we'll see
what comes out of the National Sports Facility strategy and
you know, and just reflect on that.

Speaker 7 (06:16):
But you know, what do you expect from available to
build something new?

Speaker 6 (06:21):
Then clearly we'd be looking at how we can work
to enhance what we've got and make it as good
as we can.

Speaker 2 (06:26):
What are you expecting out of that strategy?

Speaker 7 (06:31):
Look, I guess the home of Athletics would be great
for us.

Speaker 6 (06:33):
There's there's no short track in New Zealand, so short
track or indoor athletics tracks which are two hundred meters.

Speaker 7 (06:38):
Australasia doesn't have a short track.

Speaker 6 (06:40):
So that also creates new event opportunities for this part
of the world that we haven't been able to look
at before. So you know, having facilities like that are advantageous. Yeah,
So I guess you know, in terms of that facility
strategy itself, we're not quite sure what that will produce you,
but we've certainly had really positive dialogue through the process. Yeah,
and we'll wait and see. I mean, the rarey for
the country if they want to host the Commonwealth Games,

(07:03):
and then there's going to have to find a solution
whether that be temporary or permanent for athletics, because I
think most if not all of the other sports actually
have for Saliza adequate at the moment.

Speaker 7 (07:12):
Athletics is probably the only one where that isn't the case.

Speaker 3 (07:15):
Hey, did you watch the cricket I did.

Speaker 7 (07:18):
Yes, Yes, I'm obviously in India.

Speaker 6 (07:21):
Flew out on Saturday nights straight after the athletics, so
I watched it in a bar in the hotel with
a whole lot of Indians that were very happy. I
was very gracious and defeat as I'm over here trying
to strengthen our ties within their athletics and we're sort
of just trying to firm up our partnership with them.

Speaker 2 (07:37):
All good, ok, Hey, thank you very much for talking
to us out of India. Cande's cam Mitchell Athletics New
Zealand Chief executive Primus is holding the post cabinet press
conference at the moment. He's just announced a Ministerial Oversight
Group on Economic Security with a focus on oil and gas,
which is going to be chaired by Nikola Willis now.
Part of the reason for this is, of course, what's
happened to oil prices today as a result of the

(07:58):
Iran war. Brent crude oil is now trading well above
one hundred dollars US market's about one hundred and eighteen
dollars last time I had a look at it. It's
up more than sixty percent since the first bombs fell
about a week ago. It's risen more than actually close
to thirty percent just today, so the average is sitting
around two dollars forty nation wide. We're being warned that
we need to brace for three dollars. We're gonna have

(08:20):
a little chat about this later on, but that is
what he's up to, and Barry Soper, we'll give us
the latest on that and all the questions on his
leadership that will undoubtedly be asked when he's with us.
In half an hour's time, quarter past.

Speaker 1 (08:31):
It's the Heather Toper see Alan Drive Full Show podcast
on iHeartRadio powered by News Talk zeb.

Speaker 2 (08:40):
Heather I locked three hundred liters of diesel in on
the z app at a dollar eighty six on Thursday.
I'm so happy I got cheap diesel for around seven weeks.
Been good on you. More full sight than the rest
of us. I think eighteen past.

Speaker 1 (08:50):
Four sport with generate putting performance first, generate keywisavor dot
co dot NZ.

Speaker 2 (08:56):
Jason Pine sports talkhosters of me, Hello Piney, Hello Heather. Right,
So could they have done anything differently this morning?

Speaker 8 (09:03):
Well, I guess the only thing they could physically have
done is batted first upon winning the toss. But that's
very much hindsight. Being twenty twenty and all of the
information going into the game was the best strategy would
be if you won the toss to send your opposition
in because bowling's a bit more difficult later on in
these games as the lights go down. But look, I

(09:24):
look at it, and I just watched the way I
got up at what to watch this game at two
thirty this morning, and by about three o'clock India had
got ninety off the first six overs and the game
was very much taken away from the black Apps. I
just think it's one of those where India just absolutely
monstered us, regardless of what we did. Bowling wise, they
just took it to us the top three one hundred
and ninety odd runs off ninety balls between the three

(09:46):
of them, two fifty five, and I don't think we're
ever chasing that down. So yeah, one fifty nine. It
looks like a big loss enitors. I don't know that
there's anything they could do in hindsight against such a
powerful Indian team this morning.

Speaker 2 (09:59):
Is it possible that they did just play their final
one game too early?

Speaker 8 (10:03):
Very much, So that's possible. Yeah, good win against South Africa,
and that's not the first time that's happened.

Speaker 9 (10:07):
Heither.

Speaker 8 (10:08):
They've had good wines and semi finals before the black Caps.
I think back to twenty fifteen Grant Elliott's six, you
know down the ground, that iconic moment that got us
into that World Cup final. We beat India in twenty
nineteen to make the World Cup final. Just haven't quite
been able to make that second step, even the Champions
Trophy last year. We put three sixty on Australia to
make that final and again couldn't get across the line.

(10:28):
So maybe we just peak one game too early.

Speaker 2 (10:30):
I don't know, yep. Maybe Now Locke, who sits next
to me in the office from time to time reckons
that this is the last season for Liam Lawson because
he's just not good enough.

Speaker 8 (10:39):
Yeah, I know Locke a little bit, and look, I
far be it from me to cast dispersions on his
Formula one.

Speaker 2 (10:46):
Knowledge massive one.

Speaker 10 (10:48):
Yeah.

Speaker 8 (10:49):
Well one race though, and he stalled on the line.
That's not his fault, is it. That's the fold of
the car by the sounds of it, you know, there's
Liam Lawson. Honestly, It's like when you're at the traffic lights,
isn't it, and you're driving a manual and the light
goes green and you're supposed to go in your stare.
That's what it looked like. And he almost got rare
ended Li and Lawson. That's not supposed to happen, is it?
Just like Isa Hatjas car is not supposed to catch fire.

(11:09):
You know, Oscar Piastri didn't even make it to the
start line. So are they all all of a sudden
bad drivers? I think we need a bigger body of
work to make that a sense.

Speaker 2 (11:19):
For Tiny I mean, he got a chance, he got relegated.
He just he's almost there, but he just never manages
to break through to that next level.

Speaker 8 (11:28):
He was given two races for Red Bull, wasn't he
And I think he started to really get the hang
of it last year. I think we all hoped that
from eighth on the grid he qualified eighth. Let's not
forget that that he would get points and start to
consistently perform. I'm absolutely not willing to write him off
after one race, but I'll be interested to see how
he rebounds in China this coming weekend.

Speaker 2 (11:48):
Hey Piney, thank you very much. Really appreciate it. Jason
pine Sports Store, Coast. Piney's problem is he's too nice.
Piney is very nice. Poney is one of the nicest
people you'll meet, so he doesn't want to write anybody off.
But on the length of what Locke told me, I'm
going to officially right Liam Lawson off and say it's
it's the last season. But then again, because I've got
one out of one, I've got one prediction right last

(12:09):
week and one prediction wrong, so this could be the tiebreaker,
but we'll only have to find out next year. I
suppose I were the end of the year. I've got
a record. Actually on the f one got a record
for you, which is in terms of the crowd attendance.
They never had as many people through in Melbourne for
the F one. They had a total of four hundred
and eighty three thousand, nine hundred and thirty four people
through the gates across the first four days Thursday, which
was really interesting because there was no F one track action.

(12:31):
It was just supercars basically, and the people got a
chance to walk around the track and stuff like that.
That was their biggest day in terms of lifting on
previous years. Crowd of eighty six two hundred and ten.
That's fourteen thousand more than last year's appearance and beats
the last record of two thousand and five five about
eight thousand people. So it's not bad over there. For
twenty two.

Speaker 1 (12:50):
The headlines and the hard questions, it's the mic asking breakfast.

Speaker 11 (12:54):
Too, Prime Minister is well us, did you spend any
time over the weekend quote unquote considering you position?

Speaker 3 (13:00):
Absolutely not.

Speaker 11 (13:01):
The other headline was pressure is mounting? Is the pressure mounting?

Speaker 12 (13:04):
No, there's pressure in this job every day, but my
job is pretty straightforward. The New Zealand public want me
to make sure we lower the cost of living by
growing the economy.

Speaker 11 (13:12):
Do the media then literally make this stuff up.

Speaker 3 (13:14):
You have to ask them.

Speaker 12 (13:15):
As a politician criticizing the media, that's just a fruitless exercise.
To nowhere.

Speaker 11 (13:19):
You will be the leader of the National Party and
therefore the Prime Minister up until election day of November seven.

Speaker 3 (13:26):
Hand on part and.

Speaker 11 (13:27):
On heart absolutely back tomorrow at six am the Mike
Hosking Breakfast with a Vida News Talk zb.

Speaker 1 (13:34):
Hard questions strong opinion, Heather dupic Ellen Drive with One
New Zealand and the power of satellite Mobile news Talk ZEDB.

Speaker 2 (13:44):
Bad news if you have got investments in the markets.
Markets are finally tumbled in response to the Iran war.
So the INZIDEX fifty is down three percent in mid
morning afternoon. In mid Monday afternoon trading across the Tasman
the ASX two hundred is down four percent. They're describing
it as a bloodbath. In Japan and the Nickay has
plunged six percent. Of course, I've told you oil prices
have shot up. We're going to have a chat to
Greg Smith of Generate after five o'clock. One of the

(14:07):
responses to this is a request for the government to
consider cutting the fuel tax that's been shot down in
the post Cabinet press conference by Nikola Willis, the Finance Minister.

Speaker 13 (14:16):
Now, we're not considering that at the stage. Look, I'm
very conscious that I'd love to be able to say
I can take the pain away right now, but I'm
conscious that short term gain could lead to longer term pain.

Speaker 2 (14:34):
I actually think there's a case for her to do it.
I will talk about that later on and we will
talk to her about that after six o'clock. Of course,
by the way, the leadership questions came up for the
Prime minister.

Speaker 9 (14:43):
Here, he is okay with that.

Speaker 12 (14:44):
We're happy to take any questions. Sorry, just so we
don't avoid mistakes of Monday. If we can just go
one at a time and politely with each other, so
we respect each.

Speaker 2 (14:52):
Other the mistakes of Monday. Apparently with the journal is
asking too many questions all at once. Decide for yourself
if that was a mistake of Monday. Anyway, Barry sopa
on that when he's with us in about fifteen minutes time, Heather,
nothing much happens in New Zealand except for Gloria Vail.
Therefore the media chases Luxan through the airport. Would look,
there is a case there is a strong case to

(15:16):
be made that maybe the press gallery is a bit
bored and this was the most exciting thing that's happened
in a long time. So you know, I can't. I can't,
I can't. I can't say you're wrong on that. News
is next more also going to go.

Speaker 14 (15:27):
To ospog.

Speaker 15 (15:29):
Can care.

Speaker 3 (15:32):
Digging deeper into the Das headlines.

Speaker 1 (15:34):
It's Heather duplicy Ellen Drive with one New Zealand coverage.

Speaker 3 (15:39):
Like no one else news talks. They'd be.

Speaker 5 (15:49):
Right.

Speaker 2 (15:49):
Barry Sooper has been watching the post cabinet press conference.
He'll be with us in ten minutes time. Iran has
picked the new Supreme Leader leader. As expected, it's the
son of Ali Kamene Harmine. Probably not going to be
a better prospect for the world and the US and
Israel in particular, given that the US and Israel bombing
killed his dad and his mum and his wife and
his son. Israel has already pledged that they're going to

(16:12):
take him out. There's actually some interesting little revelation a
bit like about his personal life later, and I'll tell
you about hither. The media have never given lucks in
a chance. Every other newly elected prime minister had a
honeymoon period except for Chris Luxen. Hipkins has an appalling record,
but the media love him. If that's not biased, What
is it? Twenty four away from five?

Speaker 1 (16:32):
It's the world wires on news talks, they'd be drive.

Speaker 2 (16:36):
What Taba Kabanet, the son of Ali Kamene, has been
made the new Supreme Leader of Iran. A Tehran based
political think tank, says he's very similar to his dad.

Speaker 15 (16:45):
He has the same mindset and low the sign can
make the changes necessary, can keep the necessary aspects of
the leadership.

Speaker 2 (16:57):
Israel's you and ambassador says this changes nothing.

Speaker 16 (17:00):
It's pretty that in the matter, if you did the
father or the son, you have to look at the policy,
and the policy of this vigim is the same policy
to promote the terror, to sow chaos, to acquire nuclear capabilities.

Speaker 2 (17:15):
Over in Australia, it's Black Monday on the stock market.
Oil prices have led to the worst day on the
ASX since the Liberation Day tariffs last year. Here's Sky
News Business reporter Ed.

Speaker 17 (17:24):
Boyd Liberation Day, the market dropped eleven percent over a
roughly a two week period, so we're not at that
level yet, but the market is clearly under serious pressure
due to those high oil prices and supply shocks and
fear of inflation.

Speaker 2 (17:38):
And finally.

Speaker 15 (17:41):
To a Jurassic Fuck.

Speaker 2 (17:42):
Well it's not really dinosaurs, but same said. Two species
of possum thought extinct for six thousand years have turned
up alive and well in West Papa. The pygmy long
fingered possum and the ring tailed glider have been rediscovered
by researchers with help from local tribes. So Nick Minnette.

Speaker 1 (17:58):
Nemoa International Correspondence with ends and eye Insurance, Peace of
mind for New Zealand business.

Speaker 2 (18:06):
Oliver Peterson ABC Perth Radio Drive presenters with us, Hey, OLLI.

Speaker 9 (18:11):
Head, I got a bone to pick with you and
Raylean Ramsey.

Speaker 2 (18:13):
Oh yeah, go on.

Speaker 18 (18:14):
Then, well, Zach Lomax Rugby League reject designed for the
Western Force, and if I was the Hurricanes, I'd.

Speaker 9 (18:21):
Be absolutely well shaking in the boots.

Speaker 18 (18:25):
Let's just put it like that, because this Friday night
he's going to dominate the Hurricanes when he makes his
debut for the Western Force.

Speaker 2 (18:30):
Come on, Lomax, So why was he rejected by the NRL.

Speaker 18 (18:35):
Because he took a deal to leave the Eels to
say he may play rugby three sixty but that obviously
never eventuated. So then he took a deal which said
he couldn't play for another rugby league club for two years.

Speaker 9 (18:46):
So yeah, he's gone of the Force and they were
returned to rugby league.

Speaker 2 (18:49):
Ye will do you reckon?

Speaker 18 (18:49):
But come on, I'm just trying to give the Western
Force just some sort of pump up because they're hopeless, do.

Speaker 3 (18:53):
You know what.

Speaker 2 (18:53):
I don't mind it though, do you. But the problem is, Ollie,
I always feel really excited because that the NRL boys
are fast eight. They play a fast game, they're really
good at it. But when they come over to rugby union,
they get bogged down by the crap that goes on
in rugby union and then they never really fire. Look
it's Tony Bill Williams.

Speaker 9 (19:09):
Here and have go with the Wars on Friday.

Speaker 3 (19:11):
Mate.

Speaker 18 (19:12):
I'm getting I'm getting on the Wars. I've decided I'm
going to be an honorary in New Zealander this year.
Tarna boy just played out of his skin, and I
know he's only sort of holding that position till Luke
Metcalf gets back.

Speaker 9 (19:21):
But gee, they are good.

Speaker 2 (19:22):
Go the Wars, I know, well, I mean look, it's
better for you. The wars are better than the wast
and force. I like what you did that, So you're
welcome to come and join us. Now, listen, what is
going on in the ax that you people freaking out?

Speaker 9 (19:37):
Oh big time?

Speaker 18 (19:38):
I mean the market as you and I talk now
has just lost one hundred and twenty billion that's right,
one hundred and twenty billion with a bee in value
and it's still going to trade for another two hours
and twenty one minutes today. Now Brent crude has skyrocket
as much as twenty five percent today, so it's US
one hundred and fifteen dollars a barrel. It's our worst
day since Liberation Day in April of last year, all lords,

(20:00):
as I said, off one hundred and twenty billion dollars
in value, and we're all just sort of gnuttering our
fingernails at the moment. The A six two hundred down
and four point two percent as we speak now, and
the oil price if you look at it over the
last month, the chart, I mean, we go back to
the start of this month at seventy dollars a barrel
as we talk right now, at surge past one hundred
and fifteen dollars a barrel.

Speaker 2 (20:22):
That is quite extraordinary, that little line upwards in the
last few days as wild a. Yeah, okay, now, so
what is it that the Coalition is worried about if
they want to have a new level of vetting for
migrants from some countries.

Speaker 18 (20:34):
So what they're looking to do is they're going to
consider forcing people who appeal their visa cancelations to do
so in their country of origin rather than granted bridging visas.

Speaker 9 (20:43):
Now, this is something.

Speaker 18 (20:45):
Which has been quite interesting at the moment because clogging
up not only the courts, but it's cloging up obviously
all of our Pacific islands as well with Australians or
want to be Australians who are trying to appeal that
process and that can now take years and years and years.
So what the Coalition is trying to do, and it's
quite complicated, but effectively change the legislation going back to
the sixties I think it's the fifties in fact, which

(21:06):
would mean that somebody would potentially return to their country
of origin while waiting for their application to be processed
or maybe overturned. Whether or not the Opposition is able
to do that. Well, that would be obviously a stroke
of the pen from the Parliament. But this is at
the moment also being looked at by various different agencies
around the world, the likes of the United Nations, etc.

(21:27):
Saying you know, the Australians obviously have a responsibility to
people who might be coming to their country and not
forcing them back into countries where they have fled for
whatever reason it may be. So this is something that
obviously Angus Taylor is trying to wean back that one
nation vote again, Heather, He's got that bi election in
Farah at the moment that he's keeping a close eye
on Susan Lee's former seat, the polls pointing towards a
one nation vote. So these are the sorts of policy

(21:49):
areas that the Coalition is trying to dance in at
the moment to we a very disaffected, disenfranchised Australian voter.

Speaker 2 (21:56):
Now what's Jbhifi done.

Speaker 18 (21:59):
Well, what they've done is on sold these ideas of
additional warranties to people that they actually don't need. Under
Australian consumer law, you know, if something breaks you by
four thousand dollars television, it breaks within two years, it
should be repaired or replaced. They've been selling basically junk
warranties to say you can have this, you know, for five, six,
seven years. One of the big law firms here, Morris
Blackburn's taking them on saying effectively they're not worth the

(22:21):
paper they're printed on or the text message that you receive.

Speaker 9 (22:24):
And there's a bit to that.

Speaker 18 (22:25):
Like the Consumer Agency and watchdogs around the States and
the territories here in Australia tend to agree. So I
reckon this one might have a little bit of success
getting those every junt warranties that you don't need or
because you think you need it right now, but doesn't
everybody you don't sell.

Speaker 2 (22:38):
You this crap and you just no lead in New Zealand.
You just got to say no.

Speaker 9 (22:42):
Now, yeah, well that's right, you got to say no.

Speaker 18 (22:44):
But you know, you think I've bought a four thousand
dollars TENV if I've pay another couple of hundred bucks
to make sure it doesn't break in ten years, I'll
do it.

Speaker 9 (22:49):
But you don't need it to right.

Speaker 2 (22:51):
Yeah, I suppose you've got to note you've got to
listen to Consumer New Zealand. Ollie, thank you appreciated. Oliver
Peterson ABC Perth Radio Drive presenter eighteen away from five
hear the duple So on the petrol tax. I think
probably what the government is up to is they're not
going to drop the petrol tax. But if you recall correctly,
they are going to raise the petrol tax by about

(23:12):
twelve cents from next year. It sounds like they might
not do that. Avolystent to Nikolaullis, Finance Minister.

Speaker 13 (23:19):
Well, we haven't legislated for that change yet and I
think it's appropriate that before we do so, we take
into account the latest market conditions and what's happening for
the petrol price at the pump, and that's what we
will do. So Cabinet will give consideration to that issue
when we have better information now.

Speaker 2 (23:37):
Fair enough in a wise move, But the problem is
it doesn't do anything that's next year, don't do anything
for what's going on right now. In twenty twenty six,
barisop will talk us through it when he's with us
seventeen away from five.

Speaker 1 (23:47):
Politics with Centrics Credit check your customers and get payments certainty.

Speaker 2 (23:51):
Greg Smith degenerate will be with us after five o'clock
and just talk us through the tumble on the n
ZX right now, fourteen away from five and Barrisober, senior
political correspondent, is with us. High Barry, good afternoon, howther right,
So I'm imagining that Chris Luxon got lots of questions
on the leadership business.

Speaker 19 (24:05):
Well, no, I've just come from the news conference now
and it is over half an hour and they just started,
and of course he's repeated what he has said, well
what he said on the station on Friday afternoon, that
he's not looking over his shoulder, he's not developing the
Battle of Britain, twitch he's getting on with business. And

(24:26):
when they asked him about that in the press conference today,
he said that's exactly what he's going to do and
certainly seemed to have the backing of Nichola Willis, who's standing.
I guess her career really depends on Chris Luxon and
she was standing beside him. But it was a bit
of a scrum for the politicians coming down to Wellington
for Parliament today, the media waiting out at the airport

(24:48):
for them, and I mean a stuff headline said watch
Luxe and avoids question on arrival and Wellington. Well, he's
already said what he was going to say. You know,
are you worried about your leadership being maybe compromised by
your performance last week? Well, of course he's already said

(25:09):
that he doesn't feel it is, and would seem by
all the politicians that were interviewed on the way in.
But it's the old story, isn't it that you, as
leader of the last person to know if there's a
plot against you. But no, no, there's not. No, No,
absolutely there's not. But what I'm saying is that, you know,

(25:31):
a leader can always sound confident right up until the
caucus vote. There's a caucus tomorrow. But I don't think
anything like that will happen. I think the National Party
will look realistically at these figures, say it's a bloody
tough time and with the Middle East crisis now being underway,
it's going to make it even tougher for them. I
think they acknowledge that, although they say we're in pretty

(25:53):
good shape on many aspects of the economy at the moment,
so if it's a short term war, we'll be much
better off. But of course, the public already finding the
price at the petrol pump. At some bowsers have gone
up already.

Speaker 14 (26:09):
And yet we have.

Speaker 19 (26:12):
Almost a month storage in place. So wine Earth petrol
companies can put up their prices to over three dollars
now is beyond me because they've been assured that they'll
have a supply. We also have a deal with Singapore
that was negotiated quite recently where Singapore will supply us
with emergency fuel in situations like this and we'll supply

(26:37):
them with food. So we've got to back up in Singapore.

Speaker 2 (26:40):
So when you say three dollars, you are talking about premium,
not assumed ninety one. Do you think that the media
chasing the Prime Minister through the airport today was just over.

Speaker 4 (26:52):
The top, Well, yes, I do, because you know he
had already said he'd been on done all the media
rounds this morning, was on this program, he was on
the Radio New Zealand program in the morning, so he's
done all the rounds.

Speaker 14 (27:06):
He's been nice.

Speaker 19 (27:08):
Yeah, what's the point. But you know they door stopped
Judith Collins on the way through the airport as well.
She stopped and said he's got nothing to worry about.
The Caucuses on board with him, So you know it's
a bit of it's not a storm in a teacup
because a twenty eight point four rating the opinion polls
is certainly not a good place for the National Party

(27:30):
to be. But I'm always of the view, with the exception.

Speaker 2 (27:34):
Of the war, that it will be in the media
are behaving on Monday as they should have behaved on Friday, Right,
this is Friday story. We've already tied a bow on
the thing and it's over, and then two three days
later we're getting him chased through the airport. That should
have happened on Friday. Anyway, does it sound to you
like the government is not going to cut petrol tax,
but is going to stop the pedal petrol tax increase

(27:54):
of twelve cents for next year.

Speaker 19 (27:56):
Well, they haven't legislated for it yet, so it's got
it's got to be passed in legislation before they can
increase it by twelve percent. Don't forget there was a
freeze on it for some time. Jasin Dardurn, I think
it was in twenty twenty two or something. She in
fact reduced the petrol tax by twenty five cents a liter.

Speaker 2 (28:18):
As temporary though.

Speaker 19 (28:19):
Yeah, oh absolutely, it's temporary, And that's what Luxem was
asked about today. But Nikola willis standing by his side.
She says there will be no petrol tax reductions in
the short term.

Speaker 13 (28:31):
I think this is a time for politicians to tell
the truth, which is there is no easy answer on that,
because if we are to suddenly reduce petrol tax, actually
every taxpayer pays for that, and they pay for that
in a couple of ways. They pay for that both
in terms of reduced activity on our roads, but potentially

(28:52):
they also pay for that and increase borrowing, increased interest costs,
and increased debt. So what New Zealanders can expect from
us is that we will weigh that sensibly in order
to deliver the best medium term security for New Zealanders.

Speaker 19 (29:05):
So it's in abeyance actually at the moment, you could say,
and it depends on the length of this Middle Eastern
debarcle just when it finishes. And if it's over in
a couple of weeks, then I think we'll be looking
much better.

Speaker 2 (29:20):
Do you think that they will rethink that? I mean,
is this an absolute flat no to the petrol tax cut? No,
it's not, okay.

Speaker 19 (29:26):
I mean, you know, this is election yere and the
public is suffering enough now and they've got a big
petrol bill to pay as well. I think the government
won't wear that.

Speaker 2 (29:34):
Yeah, barr thanks very much, appreciate it. Barry So for
Senior political correspondent. Eight away from five on Christopher Luxean,
do you know what I actually think, having listened back
to his interviews this morning, having caught it basically everything
that he's done, all the MPs and stuff, that I
think everybody is doing a pretty admirable job of just
falling into line saying the right things. There's is always

(29:56):
the odd one. There's always the odd one, isn't there
who just angles it? On Friday it was Nikoler, Today
it was Catherine wed Oh.

Speaker 18 (30:05):
I think that Christopher Luxon is a perfect crime minister
at the moment.

Speaker 9 (30:08):
He's doing a.

Speaker 20 (30:08):
Fantastic at timent. He is doing a really really good job.

Speaker 2 (30:12):
And is there a moment No, he is at the
moment in our government, he is the best prime minister
that we have at the moment in our government, he
is the best prime inns. That is too many qualifications, mate,
It's not full throated anyway, We'll just leave it. Do
you know what the emergency huddle that we were supposed
to have on Friday, we're reconvening, but in their normal slot,

(30:35):
so it's no longer an emergency huddle. It's just a
stock standard DDLE. We will have Trisherson and JOSEPHC. Garney
and they have been waiting since Friday five o'clock when
they were bumped by the Prime Minister for their opportunity
to say something, so they will be with us at
twenty to six. Also going to talk, by the way,
in the next half hour about what's going on with
people learning today. L Marty, it's just going through the roof.
Last year, twenty three hundred and eighty two students were

(30:59):
taught the curriculum through trell Mary more than half the time.
That is up seventy one percent in the last twenty
five years. In two thousand was only sixteen thousand odds students. Also,
close to five hundred students are learning today at levels
three to six of Marty Immersion, which is to be honest,
I mean we're not talking about anything particularly like intense here.

(31:20):
It's basically songs and greetings at the start all the
way through to about twelve and a half hours of
language learning a week. That is the highest recorded figure
the problem that we've got, which has always been the
problem that's been predicted, is that while the demand goes
up at the supply of the teachers doesn't match. So
quite what we do there when I'm not sure, we're
going to talk to? Stacey Morrison, who's a Mardi language expert,

(31:42):
beat us in twenty minutes time on that. Also, the
Mayor of Wellington, Andrew Little. Now I don't know if
you recall me talking about this last week, but Wellington
City Council is starting to agitate low level and I
bet they're going to ramp this up. But they want
to see the government start to pay rates in Wellington
because government buildings around the country are exempt from paying rates.
So it's parliament, it's the obvious things like parliament, but
it's also school buildings and hospitals and government departments in

(32:06):
their commercial buildings. It sounds like it's it's quite a
chunk of cash, like it might be about two hundred
million dollars in councils around the country, so it'll affect
every council that has a school in it anywhere. Talk
to Andrew Little, Labor. Labor is saying they may consider
changing the law if they make it into government to
no vender, which obviously is not going to happen, but
it'll put pressure on this government. Andrew Little is with us.

(32:28):
After half past five, New Stalks.

Speaker 3 (32:30):
B dressing the newsmakers to get the real story.

Speaker 1 (32:50):
It's Heather duper ZL and drive with one New Zealand
to coverage like no one else.

Speaker 3 (32:56):
Newstalks B.

Speaker 5 (32:58):
Good afternoon.

Speaker 2 (32:59):
Prices, we finally started responding today in a significant way
to the US war on Iran. We're going to start
with oil prices. They have broken through the one hundred
US dollars marked today for the first time since twenty
twenty two. Now the national average at the petrol pump
is about two dollars sixty odd. We are being worn
to brace ourselves for three dollars a liter. Associate Energy
Minister and Resources Minister Shane Jones is with us now.

Speaker 21 (33:20):
High Shane, Hi, Good afternoon, folks.

Speaker 2 (33:23):
The AA is warning that it may get as high
as four dollars a liter. Is that likely?

Speaker 21 (33:29):
Well, what we did as of today stood up a
responsible group of ministers with the best quality of advice
surrounding us. I don't want to jump to conclusions we
did suffer price increases and the putin Ukraine hostilities broke out,
and we're just going to be very well prepared to
deal with any eventuality.

Speaker 2 (33:50):
Okay, this group of ministers, this Ministerial Oversight Group on
economic security with a focus and on oil and gas.
What are you supposed to do? What are you looking at?

Speaker 21 (33:59):
Well, we need high qual regular information not only from
the big field users but the fuel importers and obviously
our own bureaucracy. And also we need good quality taining
to access to fertilizer for our agricultural sector and that's
also hampered by the closure of the strait. And on

(34:19):
top of that, we need high quality information and respect
of logistics, shipping, supply lines and shipping arrangements. This needs
to be stood up asap.

Speaker 2 (34:32):
And what is the power that you guys will have
to affect any change.

Speaker 21 (34:37):
Well, there are a range of statutes, and I am
Paris have thought we should ever use them. But in
the future, if the situation really does deteriorate, then the
Minister of Resources of my good self we actually do
have to respond in the event that the International Energy
Association requires us to move toward a rationing model. But

(35:01):
we don't believe we're there in any man or of form.

Speaker 2 (35:04):
We've got what twenty eight days of oil in this country,
twenty nine days worth on ships? What happens after that?

Speaker 21 (35:13):
Well, you raise a damn good question. After the refinery
was closed down and we lost over three hundred and
fifty million elitter capacity to store additional fuel, we are
dependent on the just in time model. That is what
the oil companies and the labor government did to New

(35:34):
Zealand four or five years ago.

Speaker 2 (35:36):
Okay, but what happens after the twenty nine days worth
of oil on the ship's gets here? Have we got
more on order?

Speaker 5 (35:42):
Yeah?

Speaker 21 (35:43):
We have a system which is administered through the International
Energy Association, where we have the ability to call on
fuel that is stored in Japan, America and various other places,
including an arrangement with Singapore that we can call for
some of their fuel to be released and sent to
New Zealand, but we have yet to exploit that option.

Speaker 2 (36:07):
Do you support the decision not to cut the fuel tax?

Speaker 21 (36:11):
Oh, it's just ty hoe. I mean it was cut
in the past, and any politician who cuts the tax
fu is are very difficult to re establish it. But
I think I if I understand. The Minister of Finances said, well,
we'll monitor it very closely. And look, if we're going
to cut the fuel tax and you've got a whole
bunch of people doing the hacker, they want four lane

(36:31):
highways everywhere. Well the doos got to come from somewhere.

Speaker 2 (36:35):
Fair point, Shane, thank you very much, appreciate it. Shane Jones,
Associate Energy ministan Resources Minister. It's eleven past.

Speaker 3 (36:40):
Five ever do for see Ellens.

Speaker 2 (36:42):
All right, we'll go down to the markets. The NZX
has closed down nearly four percent on the day. What's
happened over in Australia on the ASX has been described
as a blood bath. Greg Smith is an investment specialist
that generate wealth and KI we save and is with
us high Greg, Hi, what brought this on is at
the oil price?

Speaker 5 (37:00):
Yeah, it's all about the aid price as you're just
talking of Shane about Yeah, up twenty five percent today.
The all price was that That means it's risen seventy
percent since the conflict began a week ago and really
just disuppose those fears over our old faux inflation being stoked.
So yeah, the the New zeal market was down three
point two percent. We've actually held up pretty well over

(37:21):
the past week or so, but that all changed today.
Really was nowhere to hide. So he had travel stocks
and transport stocks they will are, but yeah, everything was
sort of taking a bit of a bath, including Frish
and Pikal Healthcare and that's our biggest company, down four
point six percent. But yeah, certainly all really resting with
what happened to the your price today.

Speaker 2 (37:38):
Yeah, how worried to you about inflation as a result
of what you're seeing?

Speaker 5 (37:42):
Well, looking the all price stays where it is or
even goes hi, that is going to be problematic for inflation.
I suppose you know that the big unknown is what
happens with the strait of humus. I suppose it would
point out that, you know, a lot of people have
been talking about this being like the seventies, the all crisis.
It's certainly not that we're seeing a political risk premium
being priced into oil. There's obviously various options for oil

(38:05):
coming from elsewhere, so that the straight counts around about
twenty percent worlds oil in terms of transport. Obviously, Trump
wants to get that going again. Iran they need oil revenues,
so they'll be having interest there and also yeah, we
can get all from other places. And also the US
something like back in the seventies is now a net
export of bill and it has shells. So yeah, I
mean it's concerning, and obviously we want to see the

(38:27):
oil price head back down, but yeah, current levels, it
certainly would do a bit to stoke inflation. But I
think look, it's also important here that those maybe that
are looking at their key we saber just to realize
what the market is doing in terms of the market.
Stock market reaction is not accounting for what is happening,
but what might happen. And I think we could easily
see things turn if even there was some sort of diplomacy.

(38:49):
I think the other big thing today was obviously Iran
has a new leader. Obviously Trump isn't backing down, So
that's sort of just perhaps pushed out the timeline a
bit for it's being resolved. Obviously the US are still
stinking to the narrative of weeks rather than months.

Speaker 2 (39:02):
Do you think we're being completely rational here or is
this a little bit of the jittery stuff, you know,
like wild reactions to anything at the moment, because we're
a bit panicky.

Speaker 3 (39:11):
Oh for sure.

Speaker 5 (39:12):
And yeah, we're remembering that stock markets and investors have
dealt with lots of crises before. Yeah, including warts. So
if you look at the Ukraine War, we had a
similar move in the oil price. We had a similar
move down the shear market. It lasted a little bit longer,
but you look at markets, they do recover, they get
past these crises. If you look at the U S
and P five hundred, the biggest index in America, that's

(39:33):
up around about eighty percent since the Low's posts Russia's
invasion of Ukraine. So really important to get some perspective.

Speaker 2 (39:40):
Here, yeah too, right, Hey, Greg, thank you very much.
Appreciated Greg Smith, investment specialist to generate wealth and key,
we say, but we'll also talk to Shane Soley Harbor
Asset Management. He'll give us another update in about an
hour's time, fourteen past.

Speaker 3 (39:50):
Five, Heather, do for CLA.

Speaker 2 (39:52):
Right, here's something for you to keep an eye out tomorrow.
For I'm hearing that the Royal Commission of Inquiry into
how Chippy and Justin and Grant and all their mates
handled COVID towards the latter end is out tomorrow. I
am also hearing that in particular, it is not good
for Chippy. Now, bearing in mind obviously that I'm hearing
things because this is you know, this is what's going around,
and this is what people want you to hear. Just

(40:14):
bear that in mind. But from what I understand, there
will be decisions that will be discussed in this Royal
Commission of Inquiry that can be sheeted straight back to Chippy.
And they are decisions that we may not be altogether
stoked about. And I'm guessing that given that Auckland went
through the worst of it, it's going to be Auckland
as who are largely going to be a bit pussy
with him tomorrow. Anyway, I think keep an eye I

(40:35):
think I think it may land later in the day,
so keep an eye out for that. Also, this will
be some reprieve I would think for the National Party,
given what they have gone through in the last bit,
that the focus will be shifting back to the other Chris.
This is as this is read Chris rather than Blue
Chris quarter past. Just to reminder, Andrew Little is going
to be with us on just how much money he

(40:56):
thinks he can get out of the government if you
force his government buildings to pay rates with us after
half past it's eighteen past five at the minute. Now
we've got the data to back up the vibes. There
really has been a huge increase in kids and adults
learning Toda al Mari and learning in today al Mari.
So last year more than twenty eight thousand school kids
were taught the curriculum more than half the time in
the language, and that is up seventy one percent on

(41:17):
twenty five years ago. Mali Language advocate Stacey Morrison is
with us now. Stacey, Hello, Kyoder, So am I right
in thinking that all up? It's about sixty percent of
school kids who are learning something, even if it's just
a song.

Speaker 22 (41:31):
Yeah, Well, the numbers that we're talking about, as you say,
are from twenty five years ago, so it's a big jump.
And those are kids who are in a more i
guess a bilingual unit kind of level. So the levels
go up from six to level one is when they're
in almost immersion eighty one to ninety nine percent. But
what we're talking about is the kids who are at

(41:52):
level three, which is about you know, seven to twelve
hours in a week, and then level five is just
when it's a separate subjet. Level six is when they
just have a little bit.

Speaker 14 (42:02):
So in terms of.

Speaker 22 (42:03):
How many kids, I mean, they're still two hundred and
fifty thousand kids they have no Tedel Mahdi education at all,
but it is obviously there's I guess what you've really
pointed out is there's a biggest spike in schools that
we sort of call a English medium or mainstream school
having a bilingual unit or a really good delivery of
Tedel Mahdi.

Speaker 2 (42:24):
I'm imagining that part of the problem here and why
these numbers can't go up much faster is because we
just don't have enough teachers.

Speaker 22 (42:30):
Yeah, yeah, that's one of the things I guess. But
you know, you don't have to be a Maori teacher
or even a fluent Maori speaking teacher to teach a
little bit. So that's what we saw when they did
have the program Tahio Tedel that was to help teachers
at every level to engage wherever they were, so it
kind of boosted their confidence to bring in a bit. So,

(42:51):
like you say, if it's just songs, anyone can do that.
You don't need affluent Maori speaking Marty teachers to do that.
So it's about I guess, how a school can be
quite creative and meet their community in terms of where
they want to be, in terms of having a little
bit of their and a little bit of culture at
the school.

Speaker 2 (43:11):
Yeah, Stacey. If what we want to get to though,
is proper, proper bilingualism across the country. These are not
these numbers aren't high enough, are they?

Speaker 13 (43:19):
No, they're not.

Speaker 22 (43:20):
You're completely right, and so well as I say, I
do think it's an everybody thing, not just the teachers
who are already their influence.

Speaker 2 (43:29):
So one thing is valuing bilingualism.

Speaker 22 (43:32):
And I love the fact that you've pointed out it's
about bilingualism because there's a lot of benefits of that,
and about half the people in the world are bilingual
at least, So the benefits of those transferable skills that
kids get when they have got that mental gym happening
of learning across languages, first of all, we need to
value at that, and then we can go, okay, so
how are we going to do that so that we

(43:53):
know our kids are having an education that's really seated
in coming from this country, and then they're bilingualism and
the inspirable skills can go right across the education and
then their professional life as well. So first of all
we have to value it and then we have to
resource it.

Speaker 2 (44:07):
Yeah, Stacy, thanks very much, really appreciate your time, mate,
look after yourself. That's Stacey Morrison, Mardi Language Advocate here
to ask Shane Jones why the fuel prices go up
overnight when it's already bought and paid for? Heither, If
we have twenty eight days of fuel brought out the
cheaper price, why did the price go up last Friday?

Speaker 15 (44:22):
Heither?

Speaker 2 (44:22):
I'm interested to know why we've got stocks of twenty
eight days and twenty nine on the way. Why are
fuel prices increasing? I cannot tell you the number of
texts coming in along exactly the same line. You know
the answer to this. It's what the AA calls the
rocket and feather. Right the minute the price goes up,
the fuel guys rocket the price up, and when the
price comes down, they feather the price down really slowly

(44:43):
so they can make extra money out of you. You
know what's happening. You know it's happening. Five twenty one.
We'll deal with the fuel tax next.

Speaker 1 (44:50):
The day's newsmakers talk to Heather first, Heather Duplicy Ell
and Drive with One New Zealand and the power of
satellite mobile news talk said be.

Speaker 2 (45:01):
Five twenty four. Now at the moment, the government is
shutting down any talk of cutting the petrol tax right
as we've covered in the show, and this is in
response to the Iran war driving up the oil price.
But I think that this is something that they should
keep open as a possibility depending on what happens next.
Oil prices have spiked this morning. I've already told you
they've broken through the one hundred US dollars a barrel
for the first time, that mark for the first time

(45:23):
in four years. It's now sitting around one hundred and
sixteen US dollars a barrel. It's up seventy percent since
the air strike started, up nearly twenty five percent a
day alone. Ninety one in this country is sitting at
two dollars sixty odd that's the national average. We're being
told to brace for it going through the three dollar
mark in the coming days. That's forty cents a liter
more than it is now. And apparently four dollars a

(45:43):
barrel is a possible. Four dollars a liter is a possibility. Now,
I think a cut in the petrol tax, if it
gets to these kinds of levels, is wise for two reasons.
The first is actually the most important one, which is
that Keiwis will need it. Petrol going up that much
drives up the price of everything, including your groceries, to
serve us. If we are suffering, they have to respond.

(46:04):
But secondly, it's smart politics for the coalition government because
the less money that voters have in their pockets come
election day, the heart of the incoming government is going
to be punished at the ballot booth. But and it
is a big butt. Cutting the petrol tax is expensive.
A when Jacinda did it, remember it was twenty five
cents a leader. She shaved off that cost close to
three quarters of a billion dollars. Our country is broke

(46:24):
because she did stuff like that. We are spending more
than we are earning. The only way to make this
thing work is to cut something else to pay for it,
and that takes political courage. And I'm not sure that
I've seen any evidence thus far that Nikola Willis has
the kind of political courage that she needs to cut
something in one place in order to fund something in
another place. And this is why so many of us

(46:45):
have put so much pressure on her to get the
books in order, because you need money in the bank
for when something like this happens, when you've got a
war in the Middle East creating a shock that spikes
up the petrol price. So I think the government may
have to keep its options open depending on where the
petrol price goes, and that isn't if a big if.
Depending on where the petrol price goes, they may have
to have something in the back pocket to be able

(47:06):
to respond.

Speaker 3 (47:07):
Heather Duplessy, we'll talk.

Speaker 2 (47:09):
To the Huddle about it when they're with us. We're
also going to talk to Nikoluilis. He'll be with us
after six o'clock.

Speaker 7 (47:13):
Now.

Speaker 2 (47:13):
I was driving down the road the other day was
actually Saturday. It was around about five o'clock in the afternoon,
half plus five, and at the top of wif you
know Ponsonby Road, at the top of Western Park, which
is across from from the Wilworth Supermarket, it was a
bit of a gathering going on. I'm assuming it was
a bunch of Iranian expats because they had the flags
out and they were partying to a song which caught
my attention. Because the song sounded a lot like.

Speaker 9 (47:35):
This Atola am in a.

Speaker 3 (47:41):
Is dead dead dead dead dead dead dead dead?

Speaker 17 (47:46):
Are you usual?

Speaker 2 (47:47):
Are you people close as you're driving down the street,
You're like, are they Is that a song? Are they
excited about somebody being dead and they're actually singing about that?
Yes they are. So I just want to point this
out to you because while the rest of us are
tying ourselves up and not about whether the air strikes
were legal or not, there is a group of people
directly affected by what's going on in that country. What

(48:07):
pretty stoked about it?

Speaker 1 (48:19):
The name you trust to get the answers you need,
it's Heather Duplicyl and drive with one New Zealand coverage
like no one else used talks that'd be me.

Speaker 2 (48:38):
Most of us are tying ourselves up and knots over
the legality of the warts. Just the vocal handringing minority,
very vocal huddles standing by, Gonna be with us shortly.
And of course we've got nikolaulas as per on a
Monday after six and we'll chat to her about the
possibility of the tax cuts. Bury the fuel now onto
something else entirely and is twenty five away from six.
By the way, Labor is considering changing the law to

(49:00):
force government buildings to pay rates to city councils. This
is obviously if they win the November election. At the moment,
none of the government buildings, Parliament, schools, hospitals pay any rates.
Wellington has been agitating for this to change. In the
mayor is Andrew little High Andrew, how much would it
bring in for Wellington City Council.

Speaker 23 (49:18):
For Willington look, depending on whether they pay the residential
rate or the commercial rate, could be anywhere between five
million dollars and nearly seventeen million dollars. And they'll probably
be a mix of residential, commercial or possibly a special rate.
But the gains would be significant for a council of
our size.

Speaker 2 (49:35):
Why wouldn't you just check them all on commercial rates
if they are in the commercial precinct.

Speaker 23 (49:40):
If some are in residentially. If you think about schools
they used for what forty weeks a year type of
thing and residential areas, so you could justify something there.

Speaker 14 (49:49):
Many of the other buildings are in the city areas,
so commercial rates might be justified.

Speaker 23 (49:53):
I think the point is that there's a lot of
infrastructure that we're providing two Crown owned buildings that that
are not paying their way.

Speaker 2 (50:02):
Is it a point of frustration for you?

Speaker 23 (50:05):
Oh, when you look at the value that it represents.
You know, we're in the process of doing the work
to set our budget. We're trying to cut as much
cost out of the budget and find other sources of revenue.
There ain't much other sources of revenue, so we're all
sort of cost cutting that is sensitive. But if we
can find other sources of revenue, that stuff makes a difference.
So what it ends up doing is bringing down rates

(50:26):
for everybody.

Speaker 2 (50:27):
Yeah, well, I was going to ask, is this would
you use it to pay down debt or would you
actually drop the rates increases for residents to go towards.

Speaker 23 (50:35):
Keeping the rates increase levels as low as possible so
everybody gets to share the benefit of it.

Speaker 2 (50:41):
Okay, Now I see the Labor Party is considering this.
Is this a serious thing?

Speaker 5 (50:46):
As far as I know.

Speaker 23 (50:47):
I saw saw the spokesperson telling you Tiquity saying that
that I understand they're doing their policy development because they
keep telling us they will have announcement soon. But good
on them if they are. I think this is something
that should be considered. I'm not the only saying this.
There are other mes saying this, as indeed they have
been for many years. I just think it's a question
we have to step up to. I don't think councils

(51:07):
can go much longer carrying the cost of infrastructure for
these Crown buildings without getting something back for it.

Speaker 2 (51:15):
Have you raised it with the current government and what
have they said.

Speaker 23 (51:18):
I haven't had a discussion with him about it, but
it will no doubt came up in future discussions.

Speaker 2 (51:23):
Andrew, thank you very much and bestive luck with that.
That's Andrew Little, Wellington City Mayor. Twenty two away from
six the huddle.

Speaker 1 (51:30):
With New Zealand Southeby's International Realty, a name you can
trust locally and globally.

Speaker 2 (51:35):
And we're joined on our huddle by Tris Shearson Shearson,
Willis pr and Joseph Agunni, the chief executive Child Fund,
who were so great gracious, took it so graciously when
they were stood down as the emergency huddle on Friday.

Speaker 24 (51:46):
The flashing red light and went back to the afternoon.

Speaker 2 (51:51):
Did you think actually on that subject, which is the
lux and leadership thing that happened on Friday, Trisha, I
thought it's probably got a bit silly to have the
media chasing him through the airport on Monday when the
thing is already wrapped up and done by Friday afternoon.

Speaker 24 (52:04):
Yes, I mean I thought it became very clear that
it's not a coup, it's a competence issue. And for
that reason, over the weekend, the whole thing, you know,
went quiet. So yeah, I didn't think it had the
excitement level today that would require chasing through Parliament. I mean,
if it was a cup you would have seen leaking

(52:25):
out over the weekend, you would have already by today
we would have names in a ring. And unless you
have an organized group in caucus or including backbenches who
are doing the numbers, then this is actually a story
I think about competence and authority of the Prime minister,
and one bad poll is not a death certificate for him.

(52:48):
But what it is is several missteps like he continues
to make over time. They are eroding the view and
his competence, and they're eroding his authority.

Speaker 2 (52:57):
Yeah, what do you think, true, Joseph.

Speaker 25 (52:58):
Yeah, I mean all that's since Friday is that we
know when he came on your show, and we got
pushed aside quite rightly that all that's changed is we
know he's fighting, so he's making a decision that he's
not letting go. It might not be his decision in
the end. And you're right, this isn't really just about
one bad poll. It is about that sort of sinking

(53:20):
feeling you have that he's just not quite up to it.
And I'm not sure that he's said anything between Friday
and now, and he's done a whole media around today
that will have changed anybody's minds about that. So his
line has been I'm not here.

Speaker 2 (53:34):
I don't care about Poles.

Speaker 25 (53:35):
I'm here for your children and your grandchildren. Well, that's
not why you're unpopular. I mean, you know, we're not
looking at an opposition that's there, you know, not for
your children and grandchildren. So I'm not sure that he's
put people's minds at rest that he can articulate a
vision for the country, that he can sail a ship

(53:55):
in stormy seas and reassure us that he's not going
to sink the good ship New Zealand. And I set
up this that they've announced they've set up this thing
called something like the Economic supply chain security advisory body
Good doesn't quite have the ring of Cobra in the
UK or epic fury or something like. So you know
he's done that, that's okay, but it's just you know,

(54:17):
he's got the work, ethic, the decency of a prime minister,
he just doesn't have the character.

Speaker 2 (54:23):
So the question is, Trish, whether you think that they
are going to go to the election with him National?

Speaker 24 (54:29):
What do you think again, in the absence of somebody
actively doing the numbers, And here's my question Mark, I
just am not convinced that anyone in National has got
the stomach for that at the moment. I mean, there
was everyone's talked about that.

Speaker 2 (54:44):
But so then what you're arguing is that the populan
because remember the reason that this is even a thing
is because at twenty eight percent, they lose twelve MPs, right,
they lose Nikola Willis, they lose Paul Goldsmith, depending on
how the electorates shape up. Now, are they really going
to go to the the election sitting on levels like
this and being like unresigned to my fate. It's absolutely fine.

Speaker 24 (55:04):
Well, well I did the number. I did a bit
of a breakdown of the numbers on that over the weekend,
and in fact, as usual, where the where the nervousness
should be is those electric MPs who are in marginal
seats and do not have the list cover, so you're
actually talking quite low down the list. And again one

(55:26):
of my observations over the last little bit is that
as our politics have changed, I think there is a
decrease in the capability around staging a coupe. These things
they are really tough, they are really hard, and you know,
I just am not convinced that within national there is

(55:49):
the stomach to go again right now without something really
fundamental happening. And I and I also think that just
one of the things that is in the back of
my mind though, And we saw it today with Luxin
at the press conference his line today, which was, you know,
on Friday, the media went a little bit bananas frankly

(56:13):
around this. So in my view, where he consistently loses
is he hasn't built a relationship with the media. He's
put a whole lot of focus on going direct on
social media that isn't and hasn't worked. He needs to
rebuild a relationship with the press callery. He needs to
start listening to the feedback of his team, which is fundamental,

(56:34):
and I understand that's what's driving a lot of the
frustration right down from his office through the beehive, is
that he's not a person who can take advice and
he's look.

Speaker 25 (56:44):
I mean, he's one stumble away from a bunch of people,
all of whom we know, the names, we know, ready
to pounce. And the thing is, even you watch him
today on the post cabinet press conference, you're waiting for
him to say something think that might stumble or not
quite get right. And then of course every time one

(57:04):
of those ministers walks out their front door, walks into
their office, they're going to be stopped by the media
and the first question will be are you do you
have Does a preme minister have your full support? And
the answer will be something like, it's today, the Prime
Minister has my full support. Oh not tomorrow. Well, I
couldn't be any clearer. So you're just going to get
this over and over again. And look, I just think

(57:26):
the confidence is just dropped and I don't know how.

Speaker 2 (57:30):
You get that back.

Speaker 25 (57:30):
And the right track, ron track is not in the
government's favor, and I just think they're going to go. Look,
one final statistic I'll give you about this time in
the electoral cycle was when Mark Carney rolled Justin Trudeau
in Canada wipped out pretty well.

Speaker 2 (57:45):
Okay, take a break, come back and talk about fuel tax.
Sixteen away from six.

Speaker 1 (57:51):
The huddle with New Zealand Southeby's International Realty, the only
truly global brand.

Speaker 2 (57:56):
Right, you're back with the huddle, Joseph Ganni and Tricius
and Josie do you reckon they should keep option of
a fuel tax cut open?

Speaker 21 (58:02):
Oh?

Speaker 13 (58:03):
You know, yes, and no.

Speaker 25 (58:05):
I do think it's slightly ironic that the Taxpayers Union
is in effect calling for a subsidy for the government
to subsidize drivers and you know, they calling for a
a tax cut and inverted commas. But it's actually a subsidy,
isn't it. And so the problem is though you know,
it's a temporary measure and you're basically asking future taxpayers

(58:26):
to pay for it. It's a big borrow iou from
the future. And I don't think. I don't think it's
the right thing to do right now. I do wonder,
you know, this could be over quite quickly, or it
could drag on you know, this is the nature of
war now, it's drones, it's robotics, it's it's autonomous weapons

(58:47):
that could just sort of drag on without necessarily impacting
supply chains further than a few weeks.

Speaker 9 (58:55):
Now.

Speaker 25 (58:55):
I don't know, so no, I don't think it's the
right thing to do now. But yeah, thanks Taxpayers Union
for calling for government subsidy, big government go. Well, I'm
going to give a bouquet to the government here. I
thought this was smart politics their press conference today. Number One,
to really take back the narrative on this whole I
run situation in the uncertainty. Number one, to sort of

(59:17):
move the PM off to the side and have this
focused on Nicola Willis. And I think the message that
they were trying to send to New Zealanders is we
get this as serious and we are really serious about it.
So they've put in this Ministerial Oversight Committee.

Speaker 21 (59:30):
Great.

Speaker 24 (59:31):
The other thing that I the other thing that I
really like today was when Nikola Willis was asked about
the field lowering the field tax, she immediately said, you know,
we cannot go to short term sugar hits. We know
what happened last time under the previous labor government when
they were you know, sugar hitting all over the place,

(59:52):
whether it was petrol tax or whatever else. And I
think the one thing that is terrible in politics is
when you do a sugar hit today and you continually
put off the big stuff because we haven't got any
money again. Yeah, and I really like the fact that
Willis today was being the grown up in the room

(01:00:13):
and actually saying to.

Speaker 2 (01:00:14):
People it's hard.

Speaker 24 (01:00:16):
There's a very tough situation and I'm not going to
go now and make a make a move like this.

Speaker 14 (01:00:22):
I really liked it.

Speaker 2 (01:00:23):
Okay, it does make it harder for them at the election,
though it doesn't. I mean, oh yeah, well and hold
till November.

Speaker 24 (01:00:30):
But as a voter, I want a government who does
hard stuff so I can evaluate the trade offs.

Speaker 2 (01:00:37):
They are really honest about it.

Speaker 9 (01:00:39):
Now.

Speaker 2 (01:00:39):
I didn't want to be immediately negative about the story
about side L Mahrdy in schools, Joseph, but I can't
help her get there because I mean, while the numbers
are fantastic, if you've got like twenty eight thousand kids
learning it, learning the curricul that's not enough. It's just
like if we have dreams of being bilingual I'm not
going to get there with numbers like that.

Speaker 25 (01:00:56):
Well, and also they're struggling to get too teachers because
they can't pay them in that which you know, again
comes back to the whole ability to pay good teachers more.

Speaker 2 (01:01:04):
And if you can speak to Elmari fluently, the money
that you can make in consulting to government departments is eyewater.

Speaker 25 (01:01:11):
So you've got to pay teachers more. And you know
that's only the unions have got to get behind that.
And part of the problem is I look back at
my kids who are at school, you know, relatively recently,
and you know, we're paying teachers to teach them about
American civil rights movement. Great, but I'd rather pay them
to learn to real or I'd rather pay them something
in New Zealand rather than paying them to learn about

(01:01:33):
you know, the Vietnam War or something.

Speaker 2 (01:01:35):
So that's the problem.

Speaker 25 (01:01:36):
If you if you can't pay them enough, we're not
going to get enough teachers and we're not going to
teach more kids to re or Mary. And actually we
feel really proud of that, right, We feel proud when
we've you know, managed to speak a bit of Mari
or you know, go overseas and you know, we know
we can do a wiater and a bit of a mehi.

Speaker 2 (01:01:51):
And overseas trips, isn't.

Speaker 19 (01:01:57):
What do you think?

Speaker 24 (01:01:58):
Well, I'm throwing at the bouquets here, but I'm going
to give you a big bouquet to termin in high
school because when I was in the third form in
nineteen eighty six, I just ticked over forty years before
you do the calculation and fourth form in nineteen eighty seven,
we had those first two years where today was compulsory
and in my my education at high school, that is

(01:02:19):
one of the things that I appreciate the most. It
was absolutely fantastic. I think having a problem with the
pipeline of teachers is a much better problem for New
Zealand than having a problem with demand. I think it
shows how much we are into this as a country.
I think it's a fantastic things and it's it's.

Speaker 2 (01:02:39):
Going to be slow going.

Speaker 24 (01:02:40):
Well it is slow than it was, but also don't remember,
you know, remember the base that we're coming off. It's
slow going, but we have made fantastic progress and you know,
we know what the problem is, so we just need
to turn the spotlight on it. Are doing relentlessly positive.

Speaker 2 (01:02:57):
Well do it, do it exactly, Let's let's do it.
N Sorry about that. I was throw and apologize.

Speaker 4 (01:03:08):
Ladies.

Speaker 2 (01:03:08):
Thanks very much for coming in. It's great to chat
to you. Trishus and Joseph ac Garney are hud of
this evening. Seven away from five.

Speaker 1 (01:03:15):
It's the Heather Duplessy Allen Drive Full Show podcast on
my Heart Radio powered by News Talk ZB.

Speaker 2 (01:03:23):
Right, it's five away from six. Listen. This sounds this
sounds kooky and like it's not real, but apparently it
is quite real. It's becoming realistic, the idea of mining
asteroids for you know, the critical minerals and so on.
In fact, it's so advanced that they're now talking about
how we regulate this as an industry out in space.
We're going to talk to a woman who's actually who's
panicking about setting rules around this. He'll be with us

(01:03:46):
after half past six. I said I would tell you
a little bit about the new Iranian leader. So it's
the son as I told you earlier of Ali Harmony.
The Telegraph in the UK has revealed a little bit
about him. Apparently he and his wife. This is going
to sound like a weird place to start the story,
so I apologize, but where he and his wife had
fertility issues in the late nineties and he got so

(01:04:06):
panicked about trying to have an air have an air
be born to him that he thought for a brief
hot moment about leaving his wife, but the wife sorted
it out, took everybody off to London to undergo fertility treatment.
It cost them two point two million New Zealand dollars,
so they traveled there with a huge crew. This is
why it's so expensive. They had twenty bodyguards, three of
her maids. Her mum came along two of her maids.

(01:04:27):
As you do, rented a floor at the Sheraton Grand
Hotel in Park Lane for two months, did the treatment,
and with them came a serial killer named said mummy,
who was a good maid of his. Sounds like came
mainly because it was a maid of his, but also
apparently may have known a little bit about the English
speaking world or something, because he helped him out in London.
Apparently he was responsible, says The Telegraph, sometimes directly, other

(01:04:48):
times as a planner and supervisor for the killings of
numerous intellectuals and political dissidents from nineteen eighty eight and
nineteen ninety eight, known as the chain murders of Iran.
The whole trip was the seat. The trip ended up
being reasonably successful because as a result of the fertility treatment,
the wife then went on to give birth to a son.
Trouble is that son and that wife were killed along

(01:05:11):
with the dad, as in the granddad of the boy
Ali harmony and the strikes last weekend. So if there
was any hope that the new one who's been ushered
in as the supreme leader would be any different, not
judged judging by the company that he keeps as in
a bit of a serial killer. Probably not, And as
I said earlier, probably a bit angry at the states

(01:05:32):
we're taking out his entire family. Anyway, Nikola Willis is
going to be with us next on everything, including lead
leadership issues. In the National Party news talks, he'd beat.

Speaker 8 (01:05:43):
Our voice.

Speaker 3 (01:05:43):
I heard this say.

Speaker 1 (01:05:46):
What's up, what's down? What were the major calls and
how will it affect the economy? The big business questions
on the Business Hour, We're they had the duplicy Allen
and Mas insurance and investments, your futures, goodheads U storfs B.

Speaker 2 (01:06:03):
Even in coming up in the next hour Shane Soley
is going to talk us through the oil price and
the implications of the spike. A law lecturer on why
we need rules for asteroid mining. Yep, it's a real thing.
And Gavin Gray is with us out of the UK
at seven pass six and with us now as per
usual on a Monday is Nikola Willis the Finance Minister.
High Nikola, Good evening, Heather. How do you rate the
possibility that we will have to ration fuel?

Speaker 7 (01:06:26):
Well?

Speaker 13 (01:06:26):
At the stage we have good fuel security. We have
around twenty nine days worth a fuel stock in the
country and a similar amount on the water on its
way here, so there's no immediate threat to fuel security.
We've stood up our response group to that, so we're
working with industry to monitor that very closely. We're also

(01:06:48):
members of the International Energy Agency that if there were
to be a global shock to fuel security, has a
number of options with hout steps in to act.

Speaker 2 (01:06:57):
Okay, So apart from apart from the fact that you
got have the powers to ration fuel if necessary, what
else can you do?

Speaker 1 (01:07:04):
Well?

Speaker 13 (01:07:04):
Right now we can assure New Zealander is that there's
enough fuel for at least sixty days and then beyond that,
of course, fuel companies will be responsible for having their
own audism and ensuring that that can come to New Zealand.
And we are members of the International Energy Agency, which
will have the options of increasing supply tickets for future

(01:07:27):
supply to come in. And of course as part of
our monitoring, there are always options down the line if
there's not abundant fuel in the world, but we haven't
given consideration to specific proposals there yet because there's no
need to at this stage.

Speaker 2 (01:07:43):
Okay, what I'm trying to get to is because and
I asked Shane Jones a similar thing and didn't get
an adequate response. I mean, it sounds very cool that
you guys have set up a ministerial oversight group, but
what actually are you doing apart from just your jobs.

Speaker 13 (01:07:56):
Well, we have an incident management group at the Ministry
for Business and what they do is they work with
the fuel importation companies that retailers fuel users to understand
what the picture is looking like. So if they were
to say, look, we're actually having difficulties getting future orders
of fuel, we would have very advanced warning of that
and that would provide us time to respond well.

Speaker 2 (01:08:17):
Isn't that basically just what happens with the energy ministry anyway,
Like you didn't have to set up this group, This
is just running a country.

Speaker 13 (01:08:24):
Well, the particular thing that happens is we work much
more closely with industry fuel importers and retailers to be
getting real time information about what they're seeing happening in markets,
and then we engage with our international counterparts, so Australia,
the US and others, to understand what their likely responses
are to that. As you appreciate, they have options in

(01:08:46):
terms of OPEC, in terms of which oil supplies they
release into the global market and how they ensure that
fuel is able to reach countries around the world, because
of course it's in everyone's interests that there aren't global
fuel shortages.

Speaker 2 (01:09:00):
Are you going to I've got a surprise a number
of texts that have actually surprised me at just how
many techts I'm getting raising concerns about how fast the
oil companies, that the petrol companies are moving to push
up the price. Are you monitoring what's going on there
that they're not just going to gouge us?

Speaker 13 (01:09:15):
Yes we are, And overnight we've asked the Commerce Commission
to step up it's monitoring of what's happening with fuel pricing.
Of course, we do expect there will be market movements
as those global prices increase, but this should not be
an opportunity for fuel companies to gouge or to make
unreasonable hikes in prices. So the Commerce Commission are watching

(01:09:37):
that carefully and they stand ready to act if we
do see perverse market behavior.

Speaker 2 (01:09:42):
Oka Now, have you actually decided that you will delay
the tax the tax increase on the fuel price for
next year or are you just considering this?

Speaker 13 (01:09:51):
Well, I've simply acknowledged that Cabinet has not yet considered
the legislation that would be required to affect that increase,
and when we do give consideration to that, we will
need to be mindful of market conditions at the time.
So simply as part of being a responsible government, we
would have to look at, well, what's happening with petrol

(01:10:12):
prices across the economy and what does that mean. And
I'm just being an adult and saying the consequences of
not increasing petrol tax would be that there's less money
available to maintain the roads, to rebuild roads after major
weather events, less money available to build the new roads
that New Zealanders want to see. So we would have

(01:10:32):
to weigh that up at the time based on the
best information we have, and that's several months away that consideration.

Speaker 2 (01:10:38):
And is it a hard no to cutting the fuel
excise tax or just a no for now?

Speaker 13 (01:10:43):
It's not something we're considering at this time. I'm mindful
that petrol tax hasn't increased since twenty twenty and the
last government when it did affect what was meant to
be a short term reduction in the fuel price, ended
up extending that it came a big cost around a
billion dollars. And again we're just being realistic about the

(01:11:05):
fact that that would have an impact both either in
terms of debt or it would have an impact in
terms of road maintenance. So we need to weigh that
up because short term gain could equal medium term pain.
And it is too early for us to have a
knee jerk reaction to what has been a considerable spike

(01:11:25):
in oil prices in recent days. We need to keep
monitoring the situation. We're not actively considering fuel subsidies at
this time.

Speaker 2 (01:11:34):
Have you got to the stage yet where you are
having to rethink anything in your budget, which is in
a couple of months.

Speaker 20 (01:11:41):
No.

Speaker 13 (01:11:42):
What I did get late last week was the preliminary
fiscal forecasts based on what we've seen since the December update,
and that was painting a much rosier picture than I
presented to you in December. What that showed was that
we were on track to have a better operating value.

Speaker 2 (01:12:00):
But what has happened in Iran, And that's fine and
I'm aware of that, but what has happened in Iran
has changed things potentially from here on. And have you
had any indication you may have to rethink the budget?
Was it too early?

Speaker 7 (01:12:09):
Well?

Speaker 13 (01:12:09):
I have absolutely had an indication that if this crisis
is prolonged and continues, and these very high oil prices
are sustained four months or even longer, that will have
an effect on inflation here at home.

Speaker 2 (01:12:23):
When do you have to mean, You've got two months
and the budgets happening, So when do you have to
start thinking about whether you rework the budget?

Speaker 4 (01:12:29):
Well?

Speaker 13 (01:12:30):
I get my final economic forecasts on the first of April,
so that's when I know what is the outlook for
the New Zealand economy, and there will be time at
that juncture to assess for given that, what does that
mean for the spending decisions that the government makes for
this year's budget? So there will be time to react
to that if need be.

Speaker 2 (01:12:48):
Okay, Nikolas, why didn't you fully back Chris Luxon on Friday?

Speaker 3 (01:12:52):
I did?

Speaker 2 (01:12:53):
You didn't. You were asked if I had the right guy?
You were asked, is he the right guy? And you
didn't say yes.

Speaker 13 (01:13:00):
He had the backing of the National Party caucus.

Speaker 2 (01:13:03):
I said, yes, do you want to try again there? Yes?

Speaker 13 (01:13:09):
And I heard you fiscim the interview late last week,
and I thought, actually that you were being quite an
imaginary artist in terms of your reading between lines that
simply weren't things that I said. I was very clear
that not only does the Prime Minister have my backing,
he has the backing of our entire National Party caucus,
he has the backing of our government, and he is

(01:13:30):
doing an excellent job. And to try and read anything
other than those precise statements into what I said, I
think is just mischief making.

Speaker 14 (01:13:38):
Well.

Speaker 2 (01:13:38):
I mean, I've been around long enough to know exactly
what you were doing by not answering that question directly.

Speaker 13 (01:13:44):
And I've been around long enough to see mischief making
by the media for many, many years. And as much
as you're accusing me of list, you were not immune
from it.

Speaker 2 (01:13:54):
Are you accusing me now?

Speaker 13 (01:13:55):
How Yes, because I backed the Prime Minister. I am
loyal to the Prime Minister and that's exactly what I
laid out on Friday.

Speaker 2 (01:14:03):
All right, is this coming up at caucus tomorrow?

Speaker 13 (01:14:06):
Well, we don't discuss what we discuss at caucus. Caucus
as a private meeting where we discuss upcoming policy, legislation
and other issues of the day.

Speaker 2 (01:14:14):
All right, nick Ella, thank you very much for the
time appreciated. It's called Nikola Willis Finance Minister. Quarter past six.

Speaker 1 (01:14:21):
It's the Heather Duplessy Allen Drive Full Show podcast on
my Heart Radio powered by Newstalks EBB. Approaching the numbers
and getting the results. It's Heather Duplessy Allen on the
Business Hour with maths, insurance and investments. Your futures in
good hands, US talks EDB.

Speaker 2 (01:14:40):
Heather. The Commerce Commission will do absolutely nothing. The fuel
companies pull this truck every single time that oil price
is spike. Then there's the public complaints on talkback for
a few weeks, and then eventually we all move move on.
I'm disgruntled, but submissive. I agree, and it's going to
play out the way it always has, but they will
probably be a little bit more careful and rocketing the
price up because everybody's watching so closely at the minute. Anyway,

(01:15:00):
that's what I'd like to think. Nineteen past six, and
on that very subject, we have Shane solely harbor asset
management with US high Shane, I have that. Okay, where's
the oil price at now? How does this compare with
previous events?

Speaker 14 (01:15:11):
Yeah, Look, it's really moving quite quickly. So today it's
closing about one hundred and fifteen dollars per barrel. That's
for brint, up sixty percent from the twenty twenty seventh
of February, which is the day before the fair strucks.
Last time we saw this Heather was back in twenty
ten twenty fourteen, which is the hour of spring disruptions.
Difference this time around is these are the attacks on refineries.

(01:15:34):
It seen an increase in gas prices and crackspreads. It's
the cost of turning a barrel in the world into jetfill.
For example, it's about ten times up, so quite a widening.
Normally we see the worst early on until we see
the scope and the breadth of the disruption. But look,
it's nobody's interests for the straits of homes to be closed,

(01:15:56):
but they are, they affected, they are. So we to
see a bit of a demand and supply response. Historically
above one hundred dollars a barrel, we start to see
demand turning off, and we also start to see the
US releasing some of its strategic reserves. So look, it's
going to be pretty dynamic. But how high energy prices go,

(01:16:17):
how long they stay out about it, that will impact
the global economy, central bank policy responses, and how investment
markets go. At the moment, people are taking the negative view.

Speaker 2 (01:16:26):
Okay, talk me through what you're seeing in the capital markets.

Speaker 14 (01:16:30):
So long term bond yards that doesn't get talked about
a lot. This is the like ten year government bond
yards in the US, they've gone up by zero point
two percent to about four point one Here in New
Zealand they're up about zero point three five percent to
four point seven percent. That means we're all paying a
bit more for borrowing. So the cost of borrowing money
is gone up for particularly businesses and consumers. Over time,

(01:16:51):
Shear markets actually have been relatively you know, the risk
hasn't come through quite as much. S and P five
hundred down to two percent from its pre strike price,
but the futures of a night here they're looking like
they're going to be down about two percent. We've seen
some really big moves in other markets that they're sort
of secondary markets. The career market, for example, is down

(01:17:14):
eighteen percent, Japanese market down twelve percent from before that
pre strike level. They're both very oil intensive importers, so
they're more exposed. Europe down about seven locally. Here in
New Zealand we're about four point six percent down from
that pre strike level. Today a bit of a soft day,
down three point one percent, led by weakness and companies
like Fishing and Bugle health Care and A two which

(01:17:36):
have been strong performance before this, and then travels sensitive
companies like Upen Airport and bind Se set of companies
like in fratill and Gentiles. But New Zealand we tend
to be a little less volatile. We're more defensive, so
not surprising to see us do less bad.

Speaker 2 (01:17:51):
Yeah, hey, thank you very much. Shane has always appreciate
your time, mate. That's Shane Soley of harbor asset management
worth mentioning as well. Of course, the price of aviation
fuel has spiked, so that's going to get two six
twenty two.

Speaker 1 (01:18:02):
Whether it's macro micro or just plain economics, it's all
on the business hour with the DUP, SLA and MAS
insurance and investments.

Speaker 3 (01:18:11):
Your futures in good hands us talk ZB local Z.

Speaker 2 (01:18:16):
In West Aalkland diesel has gone from a dollar ninety
nine to two dollars forty in the past two days.
That must be for diesel already in the country and
no reason for that. Listen on the old greenwashing thing.
I actually I feel a little bit.

Speaker 14 (01:18:29):
Do I feel torn?

Speaker 2 (01:18:30):
No, I just enjoy it. I quite like the businesses
getting done at the minute with allegations of greenwashing, because
I never really enjoyed the fact that we all got
so weird about the climate and pretended that we were
doing for the climate when we really weren't doing anything
for the climate. The latest business to get in trouble
is Mazda in trouble with the old climate the climate
lawyers who are making a bit of a nuisance of

(01:18:51):
themselves for these businesses. What Mazda has done allegedly is
They've got this promotion that they've been running in New
Zealand called Driving Good and they promised that if you
bought a car, they would donate five trees to a
tree planting charity to offset the CO two emissions of
the car for the five year warranty period. The problem is,
according to the lawyers for Climate Action, they say that

(01:19:13):
you actually need forty one thousand native trees to cover
the emissions of a c X five for five years,
not five trees. So they are off to the Advertising
Standards Authority on allegations of greenwashing. And I'm going to
be keeping an eye on it for you and updating
you as this goes along. Six twenty six.

Speaker 3 (01:19:30):
There's no business like show business, Nicka.

Speaker 2 (01:19:35):
So it's been a little bit of a scary day
for Rhanna because her Beverly Hail's home was the target
of a daylight drive by shooting. A woman in her
thirties was arrested at the scene for allegedly firing bullets
from her car at the singer's home at around one
o'clock in the afternoon in La The suspect then drove
off in a white Tesla. She was found about half
an hour later in a shopping center car park. Radio

(01:19:55):
dispatch said the woman had her hair and braids, wore
a cream colored blouse. In the outside of her car
was dirt. It's been reported the weapon used was an
AR fifteen style rifle. Rhianna was in the house at
the time, but there's no word on where her husband,
Asap Rocky, or the couple three kids were. Only one
bullet actually penetrated the wall of the mansion. Luckily no
one was hurt. A local reporter was there on the scene.

Speaker 14 (01:20:16):
Quiet Street in Beverly Hills.

Speaker 9 (01:20:18):
This is as close as we can get right now.
Tons of undercover police here, investigation still ongoing.

Speaker 14 (01:20:25):
Yeah, helicopters above.

Speaker 2 (01:20:28):
And then he talked to one of the singer's neighbors
who said he heard about ten.

Speaker 9 (01:20:31):
Shots, probably ten shots.

Speaker 26 (01:20:35):
Wow.

Speaker 2 (01:20:36):
Yeah, So that happened for Rhianna today. So whatever happened
in your day, it probably wasn't nearly as horrific more
exciting as Rihanna's day was. Right onto the asteroids mining. Now,
I know, if I say to you asteroid mining, you
think this is ridiculous and what are you even talking about?
But we are at the stage with asteroid mining that
we apparently need some rules. We'll get you across that next.

Speaker 1 (01:20:57):
On the way, everything from SMEs to the big corporates,

(01:21:17):
the business hour with head, the duper salt and mass,
insurance and investments, your futures in good hands, us talks.

Speaker 21 (01:21:25):
It'd be.

Speaker 3 (01:21:27):
You don't have to got and oh god, I get.

Speaker 2 (01:21:35):
You're able to get us out of the UK and
ten minutes time. Read in to this what you will.
But Methanex has written down its business here in New Zealand,
the methanol business in Taranaki to zero. It's booked a
seventy one million US dollar non cash impairment reducing the
New Zealand cash generating unit to a recoverable amount of
nil in its annual report. Think you know what that means?

(01:21:55):
Twenty five away from seven. Time for us to talk
about asteroid mining now. It is something that you generally
only expect to see in the sci fi movies, but
apparently it is actually close to becoming a reality. In fact,
the technology to do this is now so far advanced
that there are already worries over how to regulate the industry.
Animory Brennan is a senior law lecturer at Whichattle University

(01:22:15):
and with us high animory.

Speaker 20 (01:22:18):
Hi, thanks so much for having me.

Speaker 2 (01:22:19):
Yeah, you're welcome, Thanks for joining us. How close is it? Like,
how long before we're actually mining an asteroid by the end.

Speaker 20 (01:22:27):
Of the decade by all accounts, and the technology to
get us there is actually being built and developed here
in New Zealand.

Speaker 2 (01:22:34):
How do you actually do it? How would they do it?

Speaker 20 (01:22:37):
It's basically about sending small, smart robots to find, sample
and extract well what we think might be useful stuff
from near Earth asteroids, water for fuel and life support,
metals for structure, and perhaps one day as well traces
of platinum group elements. So the near term payoff isn't
bags of platinum. It's basically about in space fuel and

(01:22:59):
oxygen that we can stay in space for longer and
so that we don't have to bring everything with us
from Earth. So basically that is the logic behind NASA's
institue resource utilization plans and also industry plans as well,
to try and have the basics when we do want
to construct and stay longer in outer space.

Speaker 2 (01:23:21):
So is there no one who was motivated to mind
the critical minerals and bring them back here.

Speaker 20 (01:23:26):
Well, those minerals as well will be crucial for our smartphones,
everything from palladium for creating electronics and advanced medical devices,
pacemakers and catalytic converters. And indeed, one of the big
environ mental payoffs here is actually that it would reduce

(01:23:49):
the environmental footprint here on Earth. This is what some
researchers think, but at the same time, a lot of researchers,
a lot of lawyers think that we do need a
monitoring mechanism for.

Speaker 13 (01:24:04):
This activity.

Speaker 20 (01:24:05):
And of course New Zealand is intertwined with this story.
The California startup Astroforge launched Odin in twenty twenty five
to scout a metal rich asteroid and the spacecraft flew
with propulsion from Dawn Aerospace, which is a New Zealand
based company, and don Aerospace's own Heritage Lab notes that

(01:24:26):
the Odin spacecraft is equipped with Dawn Aerospace SAT drive propulsion. Now,
New Zealand is regarded as a strong player in the space.
In the space industry, it is heavily regulated to ensure
that that operations launch from here don't have the environmental footprint,
but other countries don't have that robust regulation. So the

(01:24:49):
concerns are that other if other companies launch from other countries,
how do we ensure that the environmental footprint is kept
as low as possible?

Speaker 2 (01:24:59):
What do we are we concerned about what happens back
on Earth or are we concerned that they get up
there in the muck around of the asteroid and then
but start hitting satellites.

Speaker 20 (01:25:08):
Well, the risks here I suppose, firstly, if we look
at outer space drilling, thruster plumes and even surface contact
and kick up dust that can threaten other spacecraft along
too other companies and states and also contaminate pristine science targets.
And that is why we see emerging norms around drilling
and mining and outer space trying to emphasize transparency and

(01:25:32):
dec confiction and sustainability so that there aren't any disputes
or arguments about how we go about asteroid mining. And
then this is also ongoing at the level at the
UN level with the Committee on the Peaceful Uses of
Outer Space. So they're trying to develop the guidelines in
actual real time to try and put principles to provide

(01:25:53):
guidelines in place so that we can actually mine.

Speaker 2 (01:25:56):
We are we getting a hit of ourselves here, because
I mean, if we just look at the critical minerals mining, right,
it is so enormously expensive to mine it on Earth.
Surely if you're then sending a piece of citap up
into space to go in mind, it just makes the
whole thing impossible in terms of its expenses. And surely
the same must also be true of trying to get water, oxygen,
or anything out of asteroid. It's surely cheaper to just

(01:26:18):
take it.

Speaker 7 (01:26:18):
Up with you.

Speaker 20 (01:26:21):
Some companies actually can'tlate that's actually cheaper to drill in
outer space for fuel and oxygen. And again what we
see in is NASA might have very big, a very
big budget to pull off their operations and outer space,
but companies can do it at a much cheaper cost.
And we see that again and again again. And also
what we see astrophysicists foreseeing is that the first trillionaire

(01:26:45):
trillionaire will be from actually asteroid mining. So again what
we see companies here are being very very innovative in
achieving these goals and at a kind of a low
cost rate comparison to state operations.

Speaker 2 (01:27:02):
Interesting. Hey, thank you very much for talking us through
at Anna Marie Brennan, who is the way Cuttle University
Senior law lecturer. A twenty away from seven. There is
drama over and over in Australia about the Iranian football team,
the women's football team, because they've lost their final game
of the Women's Asia Cup and they due to go
back to a run. No one knows when they do
to go back to a run, but there is an

(01:27:23):
increasing concern that when they do, they are going to
be in a huge amount of trouble because they refuse
to sing their national anthem before their first game and
people back in a run that the state broadcasters started
calling for them to to be dealt to as a
result of that, so there are now calls for the
Australian government to offer them asylum. At this stage it
hasn't been offered. To keep an eye on that because

(01:27:44):
they be it may be something that happens there, just
on something else altogether. Over the weekend I was reading
the international papers. I thought, this is an interesting perspective
because at the moment, everybody that you read talking about
the weight loss jabs. You know, the wire go VI
and the ozempic and the various others that you get
from other other companies and whatnot. Everybody is just universally

(01:28:05):
excited about it, like it is an enormous game and changer,
except for this one guy who is UK's Chief Medical Officer,
Professor Sir Chris Whitty. He says relying on the drugs
to get us out of a hole was a socially
acceptable answer, but it was unacceptable as far as he
was concerned, because he said they're needed for a small minority,
but if they were taken by a high proportion of

(01:28:27):
the population, particularly in areas of deprivation, not in areas
of affluence, I think that is a societal failure and
just relying on the drugs to me, seems the wrong answer.
And what he seems to be particularly concerned about is
that there's a whole group of people just letting their
kids get fat and just not concerned about it because
they're like, it's okay, they'll get to eighteen and they

(01:28:47):
can jab themselves, as if that's going to be the solution.
He doesn't think that that's an acceptable way of dealing
with obesity at all. Eighteen away from seven.

Speaker 1 (01:28:54):
Ever's to do with money. It matters to you the
business hour with head they duper c Allen and Mas
Insurance and investments with your futures in good hands US talks.

Speaker 2 (01:29:05):
I'd be whether it is astronomically expensive. It is impractical
to escape Earth's gravity, so sourcing fuel and water in
space is one hundred percent the way to go. Well,
that's the argument for it. But the argument against it
is that it is just so enormously expensive to do
any of the stuff on Earth. Try sending a rocket
up to space to try and do it. It just
raises the price. Listen, and it's being reported that acid
rain is falling into run because of the fuel depot fires.

(01:29:29):
So there are about three fires I saw at last count,
sparked by some Israeli strikes and as a result, it's
turn the rain a bit yucked for the people there.
Call it to seven. Gavin Gray are UK correspondence with US. Hello, Gavin,
So after the chat on the phone, how are things
between Sir Kia and Donald Trump?

Speaker 10 (01:29:46):
I don't think they're very much better. We don't know
really the content of the call. I would love to
have been listening in, that's for sure. I'm sure lots
of advisors to our Prime Minister were listening in this
is the first call, the first time that two leaders
Trump and Starmer has spoken since the very growing and
rather nasty spat has developed between them. I say developed

(01:30:09):
between them. Really it's the US President angrily criticizing the
UK's Iran response, rather than Sekir Starmer responding with anything
offensive or rather objectionable his way. So it has been
rather one way traffic. But we learn from Downing Street
the pair have had a phone call and this was

(01:30:30):
the very short, terse statement. The leaders began by discussing
the latest situation in the Middle East and the military
cooperation between the UK and US through the use of
RAF basis in support of the collective to self defense
of partners. The Prime Minister also shared his heartfelt condolence
with President Trump following the death of six US soldiers.
They looked forward to speaking again soon. In other words,

(01:30:52):
I imagine there's an awful lot of content in there
that we simply don't know, and I can't imagine that
it was particularly pleasant call fought Sekir Starmer, with his
ear being bent as it were by President Trump. Either way,
the UK is said to be considering sending an air
force an aircraft carrier rather to the region to strengthen

(01:31:12):
its defenses there, and this ship that's supposed to be
going to protect Cyprus still hasn't left port. A rather
embarrassing thing, I think for the UK, which makes it
look rather unprepared.

Speaker 2 (01:31:25):
Do we ye'd have any understanding as to why it
is that various members of Sirkis Stamer's cabinet felt it
was necessary to say no to that US request.

Speaker 10 (01:31:35):
I think that it was something as well that Sekir
Starmer felt strongly about, and that is that this should
have gone to be discussed whether it's legal under international
law or not. He hasn't said it isn't within international law,
but obviously by not saying that refusing to answer it,
he feels it is. This is a man who is
a lawyer by trade and he wants everything to be

(01:31:58):
done by the book. It's quite clear that they don't
believe this is done by the book. He said, we
don't believe in regime change from the skies, I think
is his most telling phrase. And after all the sort
of various words that have been said in anger and
opposition MPs and MPs from his own party having a
bit of a go at him, I think if you're
squashed between these very tough decisions. Most recently, the former

(01:32:22):
Labor Prime Minister, in other words, from the same party
Sek Sir Tony Blair, who led the UK into the
Iraq War in two thousand and three, has been telling
people privately that the UK should have backed the strikes
from the beginning.

Speaker 2 (01:32:36):
Yeah, okay, Now, what do we know about the some
terrorism in Oslo?

Speaker 10 (01:32:41):
Well, we don't have it one hundred percent confirmed, but
overnight at the weekend the Norwegian capital embassy building, the
US embassy building, sustained minor damage after an explosion in
the early hours of Sunday.

Speaker 3 (01:32:54):
No one was injured.

Speaker 10 (01:32:56):
The Norwegian authorities say they're in contact with the US
diplomats and investigation is underway. US diplomats, though have not commented.
It is the second attack that we know about on
an US embassy another one was in Iraq. But they
do believe, yep, this could have been an act of terrorism.
That's one of the lines of the investigation they're working on,

(01:33:18):
and they're asking for anyone with information to come forward.

Speaker 2 (01:33:22):
And what's the spire in Glasgow?

Speaker 10 (01:33:25):
Huge, absolutely huge and to an iconic building. It's very,
very sad because really it's it's partially collapsed and I
think it's going to be pretty much unusable now. The
fire started in a vape shop on Sunday afternoon, with
the iconic and Victorian building of the Glasgow Central Station

(01:33:47):
next to it, and after a few hours in the flames,
much of that building has collapsed. Now is Scotland's busiest
train station and now all trains to and from that
what's called the High Level there have been canceled and
will be closed. The station will be closed until further noticed.
So this is going to cause massive disruption. Many people

(01:34:08):
are being told the best way really to get anywhere
by train, particularly back down south into England, is probably
to go across to Edinburgh and then down. It's that
lad at least an hour onto their journey. It's also
a very long way round.

Speaker 2 (01:34:22):
Hey, thank you very much, Gavin. We'll talk to you
in a couple of days. Devin Gray, our UK correspondent.
Keep an eye out for what's going to happen in
the Australian budget with what they're calling intergenerational fairness. I
think this is going to shape up to be potentially
quite interesting. Over in the this Cidy Morning Herald is
carrying a piece at the moment talking about basically how
much wealth baby boomers have. They are obviously the wealthiest

(01:34:47):
generation in Australia and you could probably say the same
for in New Zealand. In Australia, they have their collective
wealth now sitting at nearly six trillion dollars. It's gone
up by eight hundred and forty percent since two thousand
and two. They now control almost a third of national wealth,
while the economic share of every other generation has fallen.
While baby boomers hold three trillion dollars in property with

(01:35:10):
virtually no debt, gen X's carrier staggering nine hundred billion
dollars in debt for the same level of property that
they hold. Why two thousand and two is important is
because at two thousand and two what happened well, I
mean that's basically where they win their earning capacity and
the height of their earning In their forties and fifties,
they had about twenty six point seven percent of the
wealth that's now gone up to, as I said, about

(01:35:32):
a third because when they started retiring around about twenty
eleven or thereabouts, that's when global interest rates went down
property and equity markets went up, and so whatever they
were owning just got more and more valuable, I suppose. Anyway,
as a result, the Treasurer, Jim Chalmers says while he's
preparing the federal budget that he's going to deal with
intergenerational fairness and quite what that looks like will be

(01:35:53):
the fascinating thing. Eight away from seven It's.

Speaker 3 (01:35:56):
The Heather Top.

Speaker 1 (01:35:57):
See Alan Drive Full show podcast on iHeartRadio powered by
Newstalk ZB here the come on, don't.

Speaker 2 (01:36:05):
Chap me and the fat the loose fat jabs destroys
the bone density, deletes the muscle mass, deteriorates the eye sight.
Maybe so, but it makes everybody look super hot. So
you know, no pay, no gain, whatever people do, whatever.
I'm not I'm making this.

Speaker 26 (01:36:19):
This is not constitute health.

Speaker 2 (01:36:21):
No, it's not health advice. And I'm also making it
sound like I'm on the fat jab, which I'm not.
It's contestifying to otherwise I'd be half the size of
what I am. I just am excited for other people
who have this as an option. Anyway, Listen, everyone's favorite
cute little actor, Timothy Shallows and hot Water. I don't
know if you've seen this over the weekend. He said,
no one cares about ballet and opera while he was
talking to somebody else and some chat thing, and here

(01:36:43):
it is.

Speaker 14 (01:36:44):
And I don't want to be working in ballet or
opera or you know things where it's like, hey.

Speaker 11 (01:36:48):
Keep this thing alive, even though cares about the ill
respect to the ballet and opera people.

Speaker 14 (01:36:55):
I just lost fourteen cents in viewership.

Speaker 2 (01:36:57):
But so it blew up because j Lee Curtis went
on and stand she told him off, and then a
British designer went on and told him off, and then
Seattle Opera started offering discount tickets to people who use
the promotional code Timothy. And you know he's probably freaking out.
But is he wrong? Is he wrong? If we here's

(01:37:18):
the test. If we pulled all public funding, like taxpayer
money for the ballet, I don't even know. If we
give money to the opera, we'd probably do. But if
we pulled all public money from the ballet and the opera,
would it survive without it?

Speaker 7 (01:37:31):
No?

Speaker 2 (01:37:31):
So I think Timothy's right.

Speaker 26 (01:37:33):
Hence Chains of Love by Charlie XCX to play us
out tonight. If Timothy gets canceled by this in this
space in Hollywood for a new star. I think Charlie
XCX is pretty keen to be it. She said she
wants to maybe quit music and act. She's been doing
a few music projects movie projects. Rather recently. She the
song she did for the Wuthering Heights movie that has
recently came out, and she's doing some music for a

(01:37:55):
different horror movie. And she said, yeah, I'm really keen
to get more into movies and to be thing. To her,
she now released six albums, so I can see how
you'd probably at that point in your career, maybe you
want to do more movies and stuff instead. But who knows.
Celebrities are always saying stuff like this, So who knows.

Speaker 2 (01:38:09):
Whether have we ever seen Have we seen her act?

Speaker 26 (01:38:12):
I certainly haven't. I don't know whether because she's mostly
done the music for movies, I don't know if she's
actually appeared.

Speaker 2 (01:38:16):
And always worry about that. I'm always like, mate, you
don't know how good you've got it. Just be grateful
for what you've got. And then they go and throw
it all the way.

Speaker 26 (01:38:22):
And it was glad to me. For your worst case,
they can just go back and make more music, right, Well.

Speaker 2 (01:38:26):
That's I mean, look, you got ants you are. You
are very bright, bright and sunny today, aren't you with
this supers?

Speaker 14 (01:38:31):
Yeah, no, here we go.

Speaker 26 (01:38:32):
I'm joining just indutrition and everything.

Speaker 2 (01:38:34):
That's right, that's right, all right. We'll see you tomorrow
for the old Royal Commission of Inquiry. That'll be interesting.
There's talks it BA.

Speaker 1 (01:38:57):
For more from Hither Duplessye allan drive and live to
news talks. It'd be from four pm weekdays, or follow
the podcast on iHeartRadio

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