Full Show Podcast: 13 February 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Digging through the spin spins to find the real story.
Or it's Andrew Dickens on hither Duplessy Allen dry with
one New Zealand let's get connected and us talks.

Speaker 2 (00:13):
They'd be.

Speaker 3 (00:15):
Asking antinoon and welcome to the program for the thirteenth
of February. I'm Andrew Dickins filling in for Ryan Bridge's
back on Monday. So on the program today, car insurance
premiums are through the roof. Why and should we have
compulsory third party insurance? Now that's a good question. What
do you think? You can text me on ninety two
ninety two and I'll put that question to the insurance

(00:36):
Council in five minutes time. After five o'clock does the
government know of a new third player in the supermarket sector?
We'll talk to the founder of two degrees and the
spokesperson for Monopoly watched on the issue the class action
against Sudafed and Quadril Johnson and Johnson. What are the issues?
We'll talk to the lawyer in charge of that action.
And after six A train actually two tilled its way

(00:57):
down the CRL and Orklands Underground last night, so how
did it go? We'll get all the details just after six.
You can text me ninety two ninety two. Small charge applies.
We can email me Dickens at newstalk ZV dot co
dot in Z. Thank you for choosing us. It's eight
after four. Say what you like about Donald Trump. Donald
makes things happen. He's a disruptor, he's a change merchant,

(01:20):
and he's had a phone call with Vladimir Putin. On
the phone call yesterday, they rubbed each other's tummies, they
scratched each other's backs, they told each other how great
they are. And then they discussed peace in Ukraine, a
war that Donald Trump says would never have happened if
he was in charge. And after that conversation, the US
Defense Secretary and the President I talked about Ukraine and

(01:44):
they announced that Ukraine would have to give up land
to Russia in any peace deal. Now that is a
change in US policy, and that is because of a
change in administration, and that's Donald Trump. Zelonsky has now
said he's open to it swap. But you know that
the land head swapped is not necessarily the land Russia wants,

(02:06):
you know, that land with all the natural resources. So
there's the negotiation to get through. It is true that
some Ukrainians would like to be Russian, and it's certainly
true that most Ukrainians want to be Ukrainian. Any deal
has to respect those two positions. But everyone knows the
war has to stop. Too many have died. It's estimated

(02:28):
there have been one hundred and twenty thousand deaths in
the combat, one hundred and eighty thousand injured. The Russian
numbers dwarf the Ukrainian officials there say seventy thousand Russians killed,
up to one hundred and twenty thousand wounded. So much death,
so much death, which I find hard to imagine in
this day and age. So bring on peace. But one

(02:53):
day there has to be an accounting, and Vladimir Putin
needs to know that blood is on his hands because
he started it and he'll have to end it too.
Andrew dickens it is now ten after four our car
insurance premiums have got so expensive that some people are
looking at switching to third party only. According to data
from insurance comparison website Quashed Comprehensive car insurance quotes have

(03:17):
gone up in price by forty one percent. That's in
just two years. And while there hasn't yet been a
mass switch to third party only policies yet, inquiries about
third party insurance are up forty six percent, so we're
thinking about it. Chris Partfoy is the Insurance Council Chief
executive and joins you now, Hello, Chris.

Speaker 4 (03:37):
Good afternoon, Andrew.

Speaker 3 (03:38):
So why are the premiums going up so much?

Speaker 4 (03:42):
I love with a number of factors. I think people
are driving home this afternoon. I've cars are driving around
have been born in the last ten years, moving computers,
is a lot more electronics and modern cars and as
a result, you know, they can be more expensive to fix.
I think bumpers are one of the most expensive expensive

(04:03):
things suffix with the likes of censers and cameras that
you have in back as the backs of cars these days.
And it does depend on the individual situation. You know,
the cost of the car, who's driving it, where you're
parking it, where you are that they are all factors.
But you know there's becoming more expensive to ensure them
because the cars are you know, fixing them. Fixing them

(04:25):
is more complete.

Speaker 3 (04:26):
If somebody brought in us because we always get their suspicion.
You know, when you have to pay a fortune for
a light bulb. You go, someone's clipping the ticket.

Speaker 4 (04:34):
I look up weird knowledge, you know, just not with
just insurance that everyone's finding un paying the bills more difficult.
The stats that you quite said are interesting, but you know,
the big picture steps. Indeed, last year said that vehicle
insurance inflation is coming back from about klaster twenty percent
twelve months ago at the end of last year to

(04:54):
fifteen percent, so it's heading in the right direction. But
you know, things are becoming more challenging in terms of
fixing the vehicles. So I'm sure as they're doing things
like trying to you know, bring costs down when they
are repairing vehicles, like you know, extablishing hubs where they

(05:14):
can fix these vehicles to try and bring down costs,
and trying to get costs stuff from supplies to you.
So they all trying their best to keep the pressure down.

Speaker 5 (05:22):
That's it.

Speaker 3 (05:23):
The premiums keep going up. So people making the choice
to drive around uninsured.

Speaker 4 (05:28):
I like, we hope they're not because that's putting them
in others at risk. We'll always say people should shop
around and make sure that they've got the right insurance policy.
For them whether the excess is right. But as most
people would know, if you move away from comprehensive coverage
to third party, you're not covered in terms of their
own vehicle. The third party, the person that you might

(05:49):
do some damage, is covered, but it obviously leaves you
at the risk of having to find the money to
replace the vehicle yourself. So we understand that people are
I find the things difficult.

Speaker 6 (06:01):
But first thing.

Speaker 4 (06:02):
First they should probably go to the insurance company and
find out what they can do to make sure that
they can make it work for them.

Speaker 3 (06:07):
So the insurance companies are bargainable.

Speaker 4 (06:11):
Oh absolutely, I think you know when they are a members.
But one thing the insurance council would say is shop around.
I've certainly seen examples of that myself where people have
shopped around and able to get a bit of deal.
So you know, it's a pretty competitive market. You should
be able to ring around competitors of your parent insurance

(06:32):
insurer and I find out if someone can do a
bit of deal.

Speaker 3 (06:34):
Okay, So more and more people are looking at the
party insurance. I don't know if more and more people
are taking it up, but here is a perennial talkback question.
Should third party insurance actually be compulsory? Because until you've
been running too by some dude who hasn't got insurance,
you don't know how frustrating it can be.

Speaker 4 (06:52):
Well, okay, it is a perennial, but it's got some
barbes here and there. If you do make it compulsory,
then you know, what price does someone pay for whose
low risk driver as opposed to a high risk driver.
You know, if the government was looking to you know,
capping that in low risk drivers would end up subsidizing
high risk drivers. We've got pretty good coverage in terms

(07:13):
of comprehensive coverage vehicle coverage in New Zealand, so we
understand and respect that, but you know, the ras and
fishooks and going to a third party. You know, some
other countries do have third party insurance that's compulsory, but
they don't have the acest that we meet with body
because that's our own body and if you have an

(07:34):
accident here in his giving to covered by a SEC.
So we've got the the you know, the added advantage
of having the athecy assistant therefore the bodily harm.

Speaker 3 (07:43):
Okay, good, thank you. Chris Farafoy, who's from the Insurance
Council as the question exists, should we have third party
insurance compulsory insurance so you can text in your thoughts?
Ninety two, ninety two. The time is now four fifteen,
now February twenty second Saudi Arabia and Joe Parker up
against Daniel Dubois. I'm really looking forward to this. Joseph

(08:05):
is older, wiser, and fitter than he's ever been. I
don't think he's ever had a better chance. Daniel Dubayer.
He's a beast. But there's another guy in the heavyweight division.
Oh sick, So what's he up to? We'll talk about
this in just a few moments time with Darcy Waldgrave.
This is News Talks HEB.

Speaker 2 (08:24):
It's the Heather Duper c Allan Drive Full Show.

Speaker 1 (08:26):
Podcast on iHeartRadio powered by News Talks b.

Speaker 3 (08:31):
He News Talks B. It is eighteen after five. They're
very calm, very relaxed.

Speaker 5 (08:36):
I've never been called calm or relaxed in my life.

Speaker 3 (08:39):
Stop that I'm being Yeah, I'm being somewhat ironic here.
You've burst in here like a like a wildfire.

Speaker 7 (08:45):
I have embraced my ADHD and I love every second
of it and if it wasn't for that, I wouldn't
be who I am today. I also the medication I'm
on because that saves me getting even worth.

Speaker 3 (08:57):
Okay, far too much information, far, far too much information,
but every thing anyway, we love you. Now. I am
really looking forward to this Parker Duboi fight because Parkers
looking fine. Duboi is a beast, and you know, there's
stuff on the line. And now Alexander Usik is talking
about it.

Speaker 7 (09:12):
Well, it's an IBF title fights and they're going to
fight for that, and then whoever wins that gets the fight,
because is going to retire in a couple of fights.

Speaker 3 (09:22):
And Rusik has said that, he said, I will fight
the winner of Bois Parker.

Speaker 5 (09:26):
That's the right. And then of course he'll put his
belts on the line too, which he meant had to
let go of the IBF belt because he wasn't going
to front up against the next contender because he wanted
to fight and beat up Tyson.

Speaker 3 (09:36):
Fury to make money.

Speaker 5 (09:38):
Yeah, granted when it would make him a huge amount
of money.

Speaker 7 (09:40):
And now he can retire quite happy at thirty eight
thirty nine, whenever he retires. What it means though, these
two guys have got a chance to get this undisputed,
this reunification going on again. That's a massive But, like
Joseph Parker said to Dubois, because Dubois and a press
conference was talking about, you know, my next fight, my
next fight, and where I'm going, park a slight mate.

(10:01):
I'd focus on what you got right in front of you.
I wouldn't get too like concerned about that because it's
one other time.

Speaker 3 (10:07):
But when Dubois beat Joshua, he knew that he was
going to do Joshua again, except Joshua went, I don't
want to do that again.

Speaker 5 (10:13):
You know.

Speaker 3 (10:13):
So he's been he's been in a training schedule. Joseph
has kind of been in a training schedule, but he's
still he got the late notice, So yeah, he might
be the most concentrated on the next fight. But you know, Dubois.
Never underestimate Dubois. He's got fists of grantite, the.

Speaker 7 (10:27):
One he has until he fought Joe Joyce, and Joe
Joyce just jabbed as I for five rounds and it
wasn't eight rounds and then as I exploded and that
was all over.

Speaker 3 (10:36):
And Joseph Parker beat Joe Joyce. Yes, and he also
lost to Joe Joyce. He lost to Joe Joyce, and
so he didn't beat him. He got that was his
one two was a third defeat. I think it was
for Joe Parker. The difference in Joe Parker mentally and
physically aimed his position in life right now. He's matured
hugely as an athlete and a person. And the way

(10:58):
he pulled apart Jan and the way he demolished Dante Wilder,
the way he paced his fight, and with this new
nutritionist who's is an ex US marine.

Speaker 5 (11:09):
Guy, I mean, he's quite something else. So strength and
conditioning is huge. New coach is huge. I like what
he's doing. Should he get to usick, But first and
foremost the weekend of its time, he's got to get
passed through by and that will be fireworks. That's going
to be a great fight.

Speaker 3 (11:23):
And in fact, I see the press all over the
world is starting to say this should be the headline fight.

Speaker 2 (11:26):
It's not.

Speaker 3 (11:27):
It's the second on the car, second to the last
on the card. It should be the headline fight. It's
going to be a cracker and a new Zealander is
in it, and that is great now, look new rugby
league teams. We've heard about South Island bids and then
someone yesterday was banging on about how they should be
a pacificate team. Now apparently someone else ondesday second Auckland team.

Speaker 5 (11:44):
Have you got consortium fatigue? Because I had? They're everywhere
every time you look up. I found a couple in
the back of the couch.

Speaker 7 (11:52):
Look, we're going to talk to the bid lead tonight
on Sports Talk.

Speaker 8 (11:57):
His name.

Speaker 5 (12:00):
I suddenly completely forgot what I was saying about, but
his name is. I'm gonna start. I'm gonna I gotta start,
i gotta start focus. It's going to be joining us
tonight to talk about what this is. So embarrassed, Yeah,
that's what I mean. Sometimes my mind just goes off
into another place.

Speaker 3 (12:21):
They play. His name is Jeff Brown. Just you forget
well you.

Speaker 7 (12:29):
Look, it's one more and it's a very crowded market
over the Auckland sporting space to get more backsides and
more eyeballs on another team. Look, I wish them the best,
but the Landers wanted nothing to do with the three
South Islands bids, and so why would this be any different?

Speaker 3 (12:47):
Nothing ventured, nothing, no, absolutely, but it's that's.

Speaker 5 (12:51):
A hard fight. I think they don't want to have
it at even part. Wayne Brown is pretty keen on it.
Fredick Boy's being behind it too.

Speaker 7 (13:00):
You've got a number of people who want it to happen,
but like, will it actually happen?

Speaker 3 (13:05):
Well, we can make our minds up tonight because you're
talking to this fellow that you only just remember the
name of Jeff Brown. Jeff Brown, there we go.

Speaker 5 (13:12):
I just think of j eth there's a g in it.

Speaker 3 (13:14):
Sof yeh okay, Darcy Autograde from seven it's for twenty.

Speaker 1 (13:20):
Three getting the facts discarding the fluff is Andrew dickens
on hither duplus the Alan drive with one New Zealand
let's get connected news talks that'd be texts.

Speaker 3 (13:33):
Rod says, I've recommended to Barbara Broccoli that Joseph Parker
should be the next James Bond. Have a solved two
problems text Parkers washed up past, he has an apparent
hiss punches text from Mark Parker will get a good
hiding the guy as a myth oh ye of little faith.
Now the third party compulsory insurance Lynd says, what are

(13:54):
the insurance companies frightened? Off with compulsory insurance. It's compulsory
overseas with big penalties. So keep our premium down and
make it compulsory, Chris writes regarding third party compulsory car insurance.
All the insurance companies in New Zealand have lobbied the
government for years against making it compulsory through car registration
because it would cut their profits. Is as simple as that.

(14:14):
Ask any insurance agent and they will tell you the same.
Thank you, Chris. Paul says every country has full compulsory insurance.
We could at least, and we should have at least
third party. And Lart says we should have compulsory insurance
for the person, not the vehicle. The more speeding tickets, crashes,
drink driving charges you have, the higher the premium. If

(14:35):
you don't have insurance, your car is impounded and sold.
After five years of no issues, you dropped back to
the base premium rate. It would get all the unsafe
vehicles off the road and maybe some of the unsafe
drivers as well. So I've got some thoughts about this.
I've always had strong thoughts about this, and I'll tell
you that in about an hour's time. But still to
carme Murray Olds in Australia. Remember that story we had

(14:56):
yesterday about the Western Sydney nurses who said if they
found an Israeli patient that kill him was shocking. Well
police have had a chat and Murray Olds will tell
us a detail in a few moments time. Here on
New Stalks are.

Speaker 1 (15:30):
Putting the challenging questions to the people. At the heart
of the story. It's Andrew dickens On hither dupless Alan
drive with one New Zealand let's get connected and you
Stalks at be good.

Speaker 3 (15:48):
I going to Andrew dickens in for Ryan Bridge, who
is back on Monday. You just heard take it to
Peris on our news. What did you think of that
he believed His apology, which was presented entirely until day
of Maori, means more in Maori than anyone would know.
But I have a proverb for taketa fadas Ever, a

(16:10):
tree falls in a forest, but nobody is there to
hear or see it fall. Did it really fall? Takeata?
And what language did you use to make the statements
that you needed to apologize for? Taketa? So anyway, Barry
Soopa is joining us at about a quarter two to
talk about that it's a big story. I got to
Murray Olds very shortly. Barry might also talk about Nichola Willis,

(16:32):
who opened the Economics Forum in Hamilton today. She targeted
an increasing competition at the banking, grocery and electricity sectors.
Three bug bears that we always complained about labour grapple
with grocery competition. What did we get? A grocery commissioner,
very good at talking about the problem, powerless to affect
any real change anyway. Nikola wants to get shoppers a
fairer deal, but no announcements made. She reckons she could

(16:53):
iron out some regulatory hurdles to help players access land.
We've heard this before in banking. We have four banks,
shouldn't there already be competition? And the gent tailor's This
whole electricity system is a system that Naturial put in
place in the first place to ensure competition. So what
are you going to do?

Speaker 6 (17:10):
So?

Speaker 3 (17:11):
Yeah, we wait to see. Anyway. Looking at the forum's agenda,
there's one glaring omission that they're not talking about, and
it's corporate tax rates and tax incentives for foreign investments.
And surely that's the sort of thing that we need
to talk about now if we want some tangible growth, growth, growth, growth,
growth sometime in the near future. It is twenty three
to five.

Speaker 2 (17:29):
It's the world wires on youth talks. They'd be drive.

Speaker 3 (17:33):
As I mentioned at the top of the program, President
Donald Trump has had phone calls with President Putin of
Russia and President Zelonsky of Ukraine, the President three way.
He says the calls were productive. He expects to meet
Putin in Saudi Arabia for cease fire negotiations. Here is
President Trump.

Speaker 9 (17:51):
I think they have to make peace. That people are
being killed, and I think they have to make peace.
Will I said that was not a good war to
go into, and I think they have to make peace.

Speaker 2 (18:02):
That's what I think.

Speaker 3 (18:03):
That is what he thinks, and we'll find out. The
two Western Sydney nurses that spoke about killing Israeli patients
have had a meeting with police. Police have also asked
the Israeli influencer who was the other side of that
video chat with the nurses to hand in the full
record of the conversation. And here is what that influencer
had to say after the video hit the news.

Speaker 2 (18:23):
I hope they've opened their eyes a little bit, so.

Speaker 10 (18:29):
This tremendous anti Semitism that is going on in their country.

Speaker 11 (18:33):
And finally I'm okay, this is Taylor.

Speaker 3 (18:45):
I believe that not. This is about a breeding program.
It's in British Columbia, Canada, trying to save the spotted
owl from extinction. It's announced a Valentine's Day fundraising campaign
for an owl. If you donate New Zealand dollars to
the program, they will name a rat after your ex
partner and then feed it to one of the owls.

(19:07):
Love is cruel. While some rat fans have said this
campaign is in fact cruel and heartlessly, program says the
rats are going to die anyway and the owls have
to eat them to survive.

Speaker 1 (19:19):
International correspondence with Insigneye Insurance Peace of Mind for New
Zealand Business.

Speaker 3 (19:26):
Twenty one to five. Murray Olds, Hello, Hey, good mate. Wow. Okay,
the Western Sydney Nurses saga continues. What's happened today?

Speaker 2 (19:35):
Wow?

Speaker 12 (19:35):
Lots of moving parts. As you say, police have spoken
to them. Not sure one hundred percent where those discussions
have gone, Sarah Abu Lebda and Ahmed Nadia. Police were
waiting until I've spoken to lawyers. Nadia was born in Afghanistan,
came here at twelve and became an Australian citizen four
years ago. Predictably, Opposition leader Peter Dunton now jumps up

(19:57):
on this political high horse, wants to politicize all of this,
wants a debate about revoking citizenship. Pete, pipe down, mate,
It's not about you. What it is about is a
disgraceful display by a couple of really young and dumb
talk about naive. I'm not sure who they thought they
were talking to, but the Israeli influencer Strokes social media

(20:18):
expert played them like fiddles. It was like, I don't know,
it was like phishing. I mean he comes the bait
and bang that biting. In no way does that excuse
what they had to say. It was utterly disgraceful. They've
been sacked from their nursing positions. They'll never work again
in New South Wales Health. The social media star apparently
has been spoken to by a police again. We're waiting

(20:39):
to see what came out of that. He's a regular
though on this web platform that global users apparently hop
onto it. This is all above my head, but apparently
global users can hop on this web platform and pick
up conversations with others at random around the world. They
can use audio or video. And this guy is a

(21:00):
real expert in this, and he's actually says that he
sets out to try and catch people who have got
anti Israeli views and look, in the current climate around
the world is not hard to find those people. But
again you come back to what was completely unacceptable behavior
for two nurses to say if any Israelis com and
E were going to kill them, I mean, it's just awful.

Speaker 3 (21:20):
Well look, look, can I just say it just shows
an underlining anti Semitism, but I actually want to broad
on that out. It's actually an anti anti Israelism really,
And some of these kids they don't even know what
they're talking about. They don't even realize what they're actually saying,
you know, and it's yeah, hey.

Speaker 6 (21:36):
Look stupid, stupid.

Speaker 3 (21:38):
It's very good word. Four ABC employees have died from
as vestus exposure. Bless.

Speaker 2 (21:45):
This is dreadful.

Speaker 12 (21:46):
This is far from stud This is extremely serious. This
is down in Melbourne the old ex ABC television studios
and radio headquarters. The television studios were home and till
the I Big Abuton. The radio studios were home in
this building until the late nineteen eighties. The television studios

(22:08):
in use up until twenty seventeen. And as you say,
four employees now have died from mesophilioma, which has come
they say, from breathing in asbestos dust. Now, asbestos was
used as an insulator in the ceilings and in the walls,
and apparently this stuff just leaches out and sort of
bleeds out in little dust particles, and these poor people

(22:28):
have breathed in and they're now dead. And of course
now the big, the big searches on anyone else has
lung problems and who may have worked in these two facilities.

Speaker 3 (22:37):
Mate, Mate, I worked in a broadcasting house in Wellington
which was a classic old building and we had asbestos
based acoustic tiles everywhere, wow, everywhere, you know, it was
what they did back then. So the invocations are coming
through later on. And finally a giant American ute has
caused some outrage in Melbourne.

Speaker 6 (22:58):
Oh, mate, forgot.

Speaker 12 (23:00):
Honestly, you may have seen these big ram trucks and
so on on the roads in New Zealand. Well there's
an even bigger one that's come to Australian shores. Let
me get the dimensions here. This thing is nearly six
meters long and more than two meters wide.

Speaker 6 (23:17):
They dwarf.

Speaker 12 (23:18):
The best selling car over here is the Toyota high
Lucks and they're pretty big vehicles and you know a
lot of tradees use them and they're really really popular.
This thing makes a high Lux look like a mini
and they don't even fit in the standard Australian parking spaces.

Speaker 6 (23:34):
It's like one and a half.

Speaker 12 (23:35):
One guy, and I think it was Melbourne film, one
of these things going down the road and it struggles.
The driver is struggling to keep it inside the middle.
You know that the strip that runs down the middle
of the road. It's just so bloody wide. The guy
can't keep it in his own lane. Now, why these
things are allowed to come in, I don't know. They're
not even subject to the standard Australian safety checks that

(23:59):
are replied do every other vehicle. But anyway, well.

Speaker 3 (24:05):
Do you think the owners are compensating for something?

Speaker 12 (24:09):
Well, mate, that's very good. They might well be. They
may well. Well, I don't think too many little old
ladies are driving the church put it that.

Speaker 3 (24:17):
One Murray, I thank you so much. Murray holds out
of Australia. Okay, my statements about the fairest apology in Mali.
Chris writes, his apology in his native language is more sincere.
It means more to him to deliver in his language.
Sure I get that. Therefore it is a thing of beauty.
Sure I get that. Then Chris goes on and says,
colonization is trying to force assimilation. Your ignorance is screaming

(24:38):
your lack of understanding. I don't get that, Chris at all.
If the person he's apologizing to doesn't have a clue
what he's saying, is it really an apology. We'll talk
about this with Barry Sopa. In the moment, it is sixteen.

Speaker 1 (24:47):
To five Politics with centrics credit check your customers and
get payment certainty.

Speaker 3 (24:53):
Ah thirteen to five Barry Soper, Hello.

Speaker 13 (24:56):
Good afternoon, Andrew.

Speaker 3 (24:58):
Um please accept mafuckerpaha ah uh you know adaham. I yeah,
you know what I'm saying. No, No, you know what
means I'm sorry? Yeah, Well it may well do.

Speaker 13 (25:15):
And certainly that's what takout Ferris said the dead of
light night last night, when the Privileges Committee basically said
to him he had to apologize for being in contempt
of parliament. Now you'll remember he blatantly lied himself about

(25:35):
whether he had called MP's liars when he's giving a
speech last September and we played it yesterday. But he did,
apparently last night say in Mardi that he apologizes, and
that was missed, of course by many, and that infuriated
New Zealand first Shane Jones, who told Parliament Ferris was
again contemptuous by delivering the apology only in Mary. Get

(26:00):
a load of the Jones fury.

Speaker 14 (26:02):
This member beats to a drum where he believes he's impervious,
he's beyond any of this criticism because he's blessed with
some pure non muggles moldy blood. Shame on you for
bringing your own people into disrepute.

Speaker 6 (26:19):
Shame on your leaders for.

Speaker 14 (26:21):
Not insisting you show foka iti you showed humility. There
is no honor in this arrogant, No honor in this childish,
No honor in this contemptuous display of disregard for what
it means to be a parliamentarian.

Speaker 13 (26:39):
You know, and Jones was furious, genuinely. I think, I
mean he's very theatrical in parliament. But just a few
minutes ago, Katuta Ferris, I should say, Takuta Feris, I
should get it right because I'll be told off about that.
But a few minutes ago he was on his feet
in the debating chamber. He said that apologizing and maldi

(27:02):
means much more to his people than it does in English. Now,
in fairness to him, we do have two official languages
in New Zealand.

Speaker 3 (27:09):
We have three.

Speaker 5 (27:10):
Well, sign language.

Speaker 3 (27:12):
He could have done it in Sigue, and if he
done it in sign language, I would have asked for
an English translation as well. You know, I just think
that we've got three official languages.

Speaker 13 (27:22):
And he knows, I know, he knows he is being arrogant.
He knows he was pushing the boundaries and there's nothing
that can be done about it. But it's the sheer
arrogance that will go with him through his parliament.

Speaker 3 (27:35):
Can I just say to mister Ferris, it makes me
think that perhaps you went to sincere ner apology because
you're actually being cantankerous and being obtuse. Yes, so there
we go, Kenneth paper Mill. Where are we at?

Speaker 15 (27:45):
Well?

Speaker 13 (27:45):
Interestingly this afternoon. Now, you know, people had sort of
I think forgotten a bit about Pearl Kinleith. Two hundred
and thirty mill workers are about to lose their jobs
there Dune next year the machine stopped working. I remember
covering disputes there in the early eighties when they went
on a three month strike.

Speaker 3 (28:02):
You probably don't know, Yeah, no, I remember, well. I
remember John Dobbs was a federational labor down mill, down mill.

Speaker 6 (28:09):
It really was.

Speaker 13 (28:10):
And so and I've stopped in Penrose the recycling plant
that stopped in December. Two hundred and thirty workers will
lose their jobs next year. And so there seemed to
be some hope though for the Kinleith workers in Parliament
this afternoon, when Labour's Willie Jackson was asking the Employment
Minister Louise Upston to expand about what Winston Peters had

(28:33):
told workers last year. Have I listen and see what
you think?

Speaker 16 (28:37):
Does she agree with Deputy Prime Minister Winston Peters who
told workers at the Kinleith mill last year that Kinneith
miller is the lifeblood of the way Cuttle and that
targeted government intervention is sometimes necessary to ensure the survival
of a business and a community, and is so can
the workers of Kinleith Mill have confidence that their jobs

(29:00):
and livelihoods are secure?

Speaker 17 (29:02):
Mister Speaker, I always agree with the Deputy Prime Minister
and I know very well how important the Kinley employment
is in that community. And that is why as a
government we are looking at options.

Speaker 13 (29:16):
Oh now that's fascinating, isn't it.

Speaker 3 (29:19):
Well, why why are they looking at options? Look, it's
a private market, is it. They've got markets and they've collapsed.
It's a private business. It's none of the government's business.
They are in a very flasty mood today, Andrew. The
thing is, you know, when you look at and having
covered that dispute, kinlead Takaha is totally depend on yes,
on that mill.

Speaker 13 (29:38):
Although you could say that Matara down near where I
come from, they had a paper mill down there, they
had a freezing works down there. They were closed down
the close the town hasn't closed down, but you know Kinley,
that's fairly isolated, and so it's too So I don't
know what the government's going to do, but you know,

(30:01):
we wait and see you there. Certainly that's the indication.

Speaker 3 (30:04):
That we've got Well, I know that in the area
now they're actually shipping unprocessed logs straight to nap your port,
and Kui Rail is working along with the port to
make that easier so that we can actually have some
mills and have some more work in Tacola. Nobody wants
Takoa to die, but you can't artificially infleet an entire
sector that has collapsed.

Speaker 13 (30:23):
Well, it sounds as though the government is about to
do something though. If you listen to Louise upstairs.

Speaker 3 (30:28):
Okay, Perry, now remember you're talking about Heather tomorrow and
the car. Oh okay, because I'm getting texts the whole
time from people, go what's happening with Heather? So you're
telling me everything tomorrow for forty five Oka, no worries.

Speaker 1 (30:41):
Andrew putting the tough questions to the newspeakers the mic
asking breakfast.

Speaker 18 (30:46):
Nindly from the Broadcasting Minister, who has some thoughts around
the screen and television sector. Big stream is like Netflix,
ollas support more allegedly local content South Pacific Pictures MD
Andrew systements with us.

Speaker 8 (30:56):
I actually said the recommendations that came out of NCACH
are pretty on the money.

Speaker 2 (30:59):
Good.

Speaker 18 (31:00):
That's encouraging. It's just I'm going back to this business
of the news, Google paying for stuff and they just
don't seem to have an urgency about them.

Speaker 2 (31:07):
You see something different.

Speaker 19 (31:08):
Well, here's the idea.

Speaker 20 (31:10):
It's difficult.

Speaker 8 (31:11):
You know, they're all bargaining act as a whole of
kidder firsh There are similarities, but audiences are migrating to
strending platforms with great content and local content. Players are
getting this out of the play.

Speaker 18 (31:21):
Back Tomorrow at six am the Mike Hosking Breakfast with
the Rain drove of the lah News talk ZB.

Speaker 3 (31:27):
What with their party, compulsory insurance and mister Ferris's apology
of Mary. The text machine is melting down. A lot
of you are very angry. Silence says, what an absolute joke.
He made the landish comments in parliament and English, therefore
should be making the apology in English. Shane Jones has
my backing. But here's the thing about mister Ferris. He
made the apology and the dead of night, when nobody

(31:48):
was there. He made the apology completely in Maori, which
a lot of people don't understand. It was a complicated
little speech. I think he knew what he was doing.
I'm not sure he was sincere and I can tell
you and that thing. Speaking in Parliament today, he made
opening comments in Maori and then translated what he just
said in English. So when he wants to be heard,

(32:09):
he'll say it in English. When he doesn't mean what
he wants to say, maybe he does it in Malory.
And yes, don't don't tell me that I'm a colonizer.
I totally one hundred percent support Malory, and I totally
one hundred percent support English, and I totally one percent
support sign language. Now on the way, Nicholas Willis reckons

(32:30):
he knows about a new supermarket entrant. We'll figure out
whether that's true. We'll talk to Monopoly Watch. We've got
a camera law professor on what's happening with Ukraine at
Russia and a lawyer who's taken class action against Johnson
and Johnson never flew meads what a show next? Here
are newshors to be.

Speaker 13 (32:52):
We can a do only a a don' aly god only.

Speaker 2 (33:00):
I'd love to celebrate.

Speaker 1 (33:08):
Questions, answers, facts, analysis, the drive show you trust for
the full picture. Andrew Dickins on Hither Duplicy, Alan Dry
with One New Zealand Let's get connected news talks that'd be.

Speaker 3 (33:23):
Welcome on and thank you for choosing us at a
seven minutes after five. So a twenty five billion dollar
market and just two players control eighty two percent of it.
We're talking about the supermarket sector. Finance Minister Nicholas will
and Nichola Willis today reiterated her plans to encourage a
third player and more competition in the grocery sector, but
she's a bit light on the detail. She said she'd

(33:46):
like to remove regulations that discourage new supermarkets, and she
would like to help new entrants access land in a
bid to break the current duopoly.

Speaker 21 (33:55):
Look, I am aware that we have received what's called
an unsolicited prop We've said to all comers, if you
want to come and invest in important infrastructure, bring us
a proposal. And I've been informed that we have had
a proposal. So what that tells me is there is
some interest, and I'm sending a very clear message today

(34:16):
that we should be engaging with that interest. We as
a government want to take those proposals very seriously.

Speaker 3 (34:23):
So Tech Edwards used to run two degrees, he's now
the monopoly what research director and he joins me. Now,
HELI techs Hi, Andrew, I'm good. No concrete commitments given
today everyone says that now no one ever makes a
concrete commitment. They talk about the problem, never a solution.

Speaker 15 (34:43):
Yeah, I think everybody can be encouraged that you've got
ministerial focus on this. The debate and the public policy
debate of breaking up the supermarkets is quickly moving on.
I think I was personally encouraged by the minister's invitation
to listen to proposals. The gorilla in the public policy

(35:06):
room is a breakup of the incumbents. The Commist Commission
proved that there was an overbuild of supermarkets, and on
a square meterage basis, New Zealand has an overbuild of supermarkets.
This is called a barrier to entry, and the sheer
level of scale that you need to create a price

(35:28):
output consumers means that you need some type of breakup
and it looks like the minister's inviting people in to
discuss how that breakup would occur with today's announcement.

Speaker 3 (35:41):
Yes, but her main thing was that she's had an
unsolicited proposal from a possible third party player. Do you
believe that could happen? Because we all know the difficulties,
the supply chain difficulties and the difficulties in finding somewhere
to put up a supermarket. Do you believe there really
is a concrete, unsolicited proposal on the table.

Speaker 15 (36:01):
Several people have been looking at this industry, including ourselves
and our British private equity people wouldn't believe, didn't believe
that the New Zealand government would ever allow a three
to two manager to take place in two thousand and six,
that that that's the gorilla that that created this problem,
and there are any discussions of what a third would

(36:23):
look like, but it's all what economists. Economists call this
stuff perrent competition, which they really mean to say pretend competition.
And remember there's there's such laser focus on the two encarpments.
They would love a small four percent market share, five
percent market share perroic player, pretend competitive that come with

(36:45):
a handful of stools. But I think that the public
policy debate, the debate has moved on since then, and
I think what the public, the common sense denominated public
and the common sense guest here is actually winning is
that you need a break up at the kartel. And
our research showed Andrew that you needed at least one

(37:08):
hundred and forty stores and you needed control of your
own distribution for warehouse system. And so because there's been
an overbuild, unless it's a breakup, you're not going to
get what we call price competition, and you're not going
to see Nutritian competition or sustainability competition. And it's it's

(37:29):
the devil is absolutely in the detail. And anybody's experienced
in breaking up cartels knows that it's it's problematic and dangerous, really.

Speaker 3 (37:39):
Capital and it is a very big ask, indeed, But
I thank you for your thoughts. That's monopoly. Watched research
director Texas Edwards on News Talks again. B it's twelve
minutes have to five.

Speaker 13 (37:48):
Again.

Speaker 3 (37:48):
The big world news is the possibility a piece in
the Ukraine. US President Donald Trump says he intends to
negotiate an end to the war in Ukraine, talking to
Vladimir Putin, possibly in Saudi Arabia's sounds like any peace deal,
he hammers out, won't be very favorable to Ukraine. He's
talking about landswaps. US Defense Secretary Pete Higgsseth says a
return to twenty fourteen but borders unlikely. And you know what,

(38:12):
President Trump agrees.

Speaker 9 (38:13):
They took a lot of land, and they fought for
that land and they lost a lot of they lost
a lot of soldiers. But it would just seemed to me.
And I'm not making an opinion on it, but I've
read a lot on it, and a lot of people
think that that's unlikely.

Speaker 2 (38:27):
Some of it will come back.

Speaker 9 (38:28):
I think some of it will come back.

Speaker 3 (38:29):
Yeah, So Sasa doov Buckman is a professor of international
law and security at Cambridge University, and he joins me. Now,
hell is Sasha, oh Andrew, nice talking to you. So
was this for real or is he caving into Putin?
Or is this actually what has to happen.

Speaker 22 (38:46):
I think it's for real. It's what a Trump prior
to the elections or during the last months of the
election actually fraunded as the so called Trump Peace Plan.
So he was committed. He actually was boasting about it
twenty four hours and he will sort it out. He
gave a couple of reasons. But what we have to
go in old fairness, we have to say he actually

(39:09):
with General Kellock, he assembled a team to look into
it in more detail, and there were also discussions with
President Zelenski. So it's no surprise that this is happening now.
But the problem obviously is how was it communicated and
also what exactly did the Secretary of Defense Hexit actually

(39:29):
say yes.

Speaker 3 (39:30):
And the problem with it is that the US has
no intention to play any role in enforcing any peace,
in enforcing any ceasefire, and the Europeans are saying, well,
we need some help here. Then you're not going to
be there. How can we enforce it? Isn't that a problem?

Speaker 22 (39:45):
I think it's a major problem. The thing is it
was always left a little bit open. But if you
look at the proposals that were basically discussed around the
beginning of November, it was number one, territorial concessions, that
means freezing along the conflict lines, the line of contact
as you would say. And then for example later negotiations,

(40:05):
that was something where even Ukrainians and the Ukraine president
actually for the time being was you can say amicable too.
The next thing was, and that is the most important thing,
it was NATO membership. You know that Ukraine for seventeen
years has been basically on that pathway to NATO membership.
And there were discussions and that came from the Trump camp.
There might be for example, the possibility of a moratorium

(40:28):
to freeze, for example, any further discussions for about twenty years.
But the one thing that really strikes me here is
that back then there was a discussion that, for example,
use US troops without for example, you can say not
acting under NATO authority hence not protected under NATO Article
five would for example assist and that if I listened

(40:48):
to a secutive of defense hexad. He has basically made
a statement which actually rules that out. And that is
what is very boriuesome. No NATO membership and also no
basically native troops that includes US troops.

Speaker 3 (41:02):
And one last question, if Russia takes more territory now
putin will paint that as a win? Could they then
use that as a springboard to have another crack in
the future.

Speaker 22 (41:13):
Absolutely for me, Trump to zero that plan here can
turn into a Munich agreement.

Speaker 2 (41:19):
To zero.

Speaker 22 (41:20):
Trump gives actually put in open you can say, carte
blanche to sell that to his population as a win.
And that is the dangerous thing. That is the first
step in the wrong direction.

Speaker 3 (41:33):
Sasha, I thank you for your time today. That is
Sasha Dove Buckman and he's talking to us from Canberra.
It is now sixteen minutes after five. So New Zealand
class action is a big one. That's up against Johnson
and Johnson, and it's about where the suiter fed and
Kodul really worked at all. If ever, this is a
big one. The lawyer who's taking it is my guest.
Next al right, the first Wonderful Wednesday game is Life

(41:54):
Now New World dropped yesterday. The big question is have
you played yet? So his how it works. If you're
a new club card member, there is time to play.
All you need is the New World app on your phone.
You've got until midnight next Tuesday to play the game
Wonderful Wednesday. And here's what's up for grabs. A share
of one million dollars worth of rewards, so you get
New World dollars or airpoints, real rewards and you'll be

(42:17):
a real winner. In fact, six two hundred people have
already won prizes, so you could be next. But only
if you have the app, and only if you play.
So think about it. How often do you get a
shot at a million dollar prize pool of rewards, So
don't miss out. Head to your app store, search for
a New World, download the app, get in the game,
the game is called Wonderful Wednesday one million dollars, one

(42:39):
chance to spin and win each week.

Speaker 2 (42:42):
Andrew Dickens erbs.

Speaker 3 (42:44):
Five point twenty one on supermarkets. Craig records the warehouse
system to service the supermarkets will cost a billion to
set up. That's fair and you heard tech say they'd
have to have one hundred and forty shops. That's a lot. Now.
One of the largest farmer companies in the world is
being taken to court in New Zealand. A class action
filed today says Johnson and Johnson have deceived kiw Wei

(43:05):
customers for years by selling them cold and flu medication
that just doesn't work. In question is the ingredient fenef
or here we go, fenolefrine, fenolefrine that is in the
coodreal and in the pseudafed.

Speaker 11 (43:22):
J G A.

Speaker 3 (43:23):
Sadler Director Rebecca Jankoska is the lawyer behind the class action,
and she joins me, now, hello, Rebecca, Hello, So do
they work? Don't they work? They don't work? You reckon,
they don't work.

Speaker 2 (43:36):
Well.

Speaker 23 (43:36):
Our class action that we've filed today alleges that the
quadrial pseudofed and benadryl range of cold and flu. Products
that contain fenlefrin are ineffective at treating congestion and other
symptoms of colds and flu. Now, these are symptoms that
these products were marketed to treat. Now, the the evidence

(44:02):
in respect of the efficacy of fenlefrin is pretty overwhelming.
The studies concerning fenlefren when taken orally, date back to
the sixties and seventies, and they show that fenlefrin is
no more effective than a placebo at treating these symptoms.
So our class action aims to recover the amount spent

(44:23):
by Kiwis on these products for the last twenty years.

Speaker 3 (44:26):
Has any other jurisdiction had seen such a claim, such
an action. If you're saying that the evidence, the scientific
evidence that has an effective goes back so far, surely
another country has done it well.

Speaker 23 (44:39):
We filed our firm filed a claim in Australia in December,
so we have a class action on foot there. A
Canadian firm filed a class action about twelve months ago
in Canada and so that claim is proceeding through the
usual steps. And there's also quite a number of claims
on foot in America in respect of these products. So

(45:01):
I think we're going to see further litigation in other countries.
But as it stands, there's already a few countries where
cases are.

Speaker 3 (45:08):
Underway, but you don't have any precedent yet.

Speaker 23 (45:11):
No no cases have yet been determined. Everything is still
in its infancy. And that's because you know, this wave
of litigation has has been sparked by the Food and
Drug Administration's review. Now they're the regulatory body in the
United States, and in about September of twenty twenty three,
the FDA announced the results of a review that they

(45:33):
had carried out into the efficacy of fenlefrin when taken orally,
and that review showed that fen lefren simply wasn't effective
in the tablet or the liquid form. So as a
result of that review, we started investigating and have brought
the two class actions that we have.

Speaker 3 (45:51):
Finally, if anyone wants to join your class action, how
can they get in touch with it?

Speaker 23 (45:56):
We encourage every New Zealander who's bought one of these products,
whether it's one packet or one hundred packets, to register.
Visit our website that we've set up for this case,
which is Coldenfluclassaction Dot co dot nzed. There's no need
to have receipts or proof of purchase. We simply ask
you to tell us on the form how many packets
you think you've bought over what period and you'll be registered.

Speaker 3 (46:17):
Rebecca jankowskis from j GA Saandler. I thank you so
much for your time today. It is now twenty three
minutes after five.

Speaker 2 (46:26):
Checking the point of the story.

Speaker 1 (46:28):
It's Andrew Dickens on hither duplicy Alan drive with one
New Zealand let's get connected and new stalks.

Speaker 3 (46:35):
They'd be can I get that website address off you,
producer because I didn't write it down and everyone's texting
saying what is that website? We'll do that for you shortly.
At a big talkback, topic of the day was the
soaring price of car insurance and how can we afford
it going forward. Everyone had a chat about this over
the course of the day. Kerry had some good stuff. Inevitably,

(46:57):
the conversation turned to just having third party insurance to
protect yourself when you run into a Porsche and it's cheaper,
and following on from that we had the conversation about
should third party insurance be compulsory? Which is a perennial
talk back topic ever since I started here on this
radio station twelve years ago, and I have quite a
strong opinion about it. I believe it should be compulsory
to give security to all your fellow road users. It's

(47:20):
only fair. If a non insured person dings you, it
is almost impossible to get money out of them, because
that's the reason they don't have insurance in the first place.
So what happens. You suck it up, you pay your excess,
you get it fixed, and then your premiums go up
further increasingly un affordability, or because the guy ran into
you doesn't want to pay. The problem is often just poverty.

(47:41):
I get that the problem is the criminal element who
don't care. I think that's the guy run into my producer.
The problem is young who think they can get away
with it and have no money. It always blows up
in your face. Our other problem is our attitude that
cars are a right and not a privilege. Same problem
we have with dogs. The dogs who end out unregistered
and in the hands of bad owners who don't care

(48:02):
about their welfare because they can't even be bothered registering them.
If you want a car, you need to be able
to afford it. So to afford a car, you must
be able to maintain it. It must have a warrant
of fitness, it must be registered. So why not have
third party insurance as a compulsory part of gaining the
privilege of a car. And you know, if you cannot

(48:23):
afford all of that to run a car, that is
why we have spend a fortune making a public transport
network and building foot paths everywhere. Andrew Dickens, all right,
the website is cold and flu classaction dot co dot
edz not the most sexy website. It's fair to say

(48:44):
cold and flu class action all in one word. No
punctuation because punctuations are dying art on the internet. Class
and flu action dot co dot edz. You know, the
huddle today is going to be great. David Farrer and
Mike Munro. Should the government encourage a third supermarket operator?
Third party insurance? Should it be compulsory? Taka Tai Perris

(49:06):
who apologized to Malvi, was that sincere? And what are
you reckon about the peace talks between Russia and Ukraine?
I can't wait, It's coming up shortly. This is news
talks MB.

Speaker 2 (49:30):
Moving the big stories of the day forward.

Speaker 1 (49:33):
It's Andrew Dickens on Hither Duper see Alan Dry with
one New Zealand Let's get connected News talks it by.

Speaker 3 (49:50):
Good afternoon to you. Welcome back to the program, My
Marew Dickens Filligan for Prime Bridge, who's back on Monday. Look,
then I mentioned public transport and now I'm getting public
transport texts. A writer says the government has banned bikes
on buses. How did the working poor actually get to work?
Someone else just laughed about the fact that the public transport.
Yeah right, you can do that if you can't affort

(50:11):
a car. Well, on the subject of public transport, can
I say that the City Railing Train tunnel was used
last night for the first time ever by a train.
People have walked through it, people have looked at it,
people have done echoes in it. Hello Hello. But this
time a train actually did it, and it did it

(50:32):
extraordinarily slowly. But as I believe, everything worked tickety boo.
So we're going to talk to the guy who's in
charge of the CRL just after the six o'clock news
to find out what happened the first time a train
went through those bloody tunnels that have been built for
so long, I can't wait. It is twenty two to
six hall Thomas. Meta says it wants to bring anti

(50:58):
scam measures to New Zealand, but it might be a
while until they're actually in place. In Australia, social media
companies have had to take reasonable steps to detect and
prevent scam attempts, and our government is now considering introducing
similar rules. So to talk about this, I'm joined by
a chief online safety officer at knit Safe, Sewan Lyons. Hello, Sean, Hello,

(51:18):
how are you doing all right? What do they think
you're doing?

Speaker 19 (51:22):
So they're talking about and mirroring the same sort of
controls that they have over in Australia over here. They
originally said that wasn't wasn't possible, and I think they're
still saying it might be some time. But they're talking
about instituting some defense around ads that that claimed to
be you know, get rich of quick fem of finance
based ad, making sure that those anyone who advertised in

(51:45):
that way is registered with our FMA over here, but
basically clamping down on the advert that some of us
are seeing on social media. They are leading us down
a very unfortunate path.

Speaker 3 (51:54):
Yeah, I saw one the other day. It was Mike
Hosking telling me to invest money and I thought, no,
he's neven goett to give away those sorts of secrets.
Tech giants and banks are at loggerheads over who should
be responsible for online scams. Does this show that Meta
actually thinks they do have a responsibility to stop them?

Speaker 19 (52:11):
Well, I mean I think what it is that is
a pretty star commission that they think they can have
an impact, and that that means that they must be
looking at these things. So it is encouraging that they
are looking in that direction. It is encouraging that they're
talking about trying to clamp down on those, you know,
the celebrity based scam adverts that people are seeing. So
whether or not they think they're the entire solution and
that they're probably not, but if it's on their platforms,

(52:34):
we should definitely be pushing them to do more so
that we are not putting harms way whilst we're using
their platform for whatever it is that we might choose
to be doing.

Speaker 2 (52:41):
So.

Speaker 3 (52:41):
Australia got these pretections because they actually applied pressure with
a code of conduct. Do we need to apply some
regulatory pressure as well well.

Speaker 19 (52:51):
I mean, I think a code of conduct certainly seems
to be working in as been the kind of the
basis that ties all this together over there, and I
think we are talking in this country. Mister Bailey has
just talked recently about the code of conduct here. I
think it can work. I think the important thing for
us is that if there is a code, these things
need to be focused on the platform providers and the

(53:12):
banks and the telcos and all the people that play
a role in it. But it has to have the
people that are the victims of these scams at the
heart of it. So as long as it helps clear
up that confusion, as long as it means that when
we are scanned, if we are scanned, we know how
to take action, and we have some surety that action
can be taken, then I think it could well have
some benefit in this country too.

Speaker 3 (53:32):
Finally, why are we behind Australia.

Speaker 19 (53:35):
Again on well in this respect that that's a question
that has to go to meta. That's about the way
that they roll things out to different markets. Maybe that's
because they have different legislation over there. There are things
where where we get to be first and sometimes Unfortunately
in this situation we're not, but at least for on
that radar, at least or on that path, and hopefully
before too very long we'll have the same protections here

(53:57):
from New Zealand sidents.

Speaker 3 (53:58):
Sean, thank you so much. A good time lines as
the chief online safety officer at net safe. It's nineteen
to six. This is going to be fun.

Speaker 1 (54:06):
The huddle with New Zealand Southerby's international realty, local and
global exposure like no other.

Speaker 3 (54:12):
David farre Kieving bog And Courier Polster and Mike Munroe,
former chief of staff and Sinda are on my huddle today.
Hello gentlemen, Oh good Andrew, how are you? I'm very well.
Now let's start with the supermarkets. How far should the
government go to encourage the third supermarket operator in New Zealand.
They brought out doing a Kiwi shop, thank god. Who

(54:34):
would like to start? There's Mike.

Speaker 10 (54:37):
Well, look, we've had an awful lot of jaw boning
about this, Andrew for a long time now, and we
don't seem to be any closer to resolving the issue
of outrageous prices at the checkout. Nikola Willis today talked
about giving VIP treatment to a new entrant. Well, she
had better sort live up to those words, because when

(55:00):
you talk about VIP treatment, you're talking about preferential treatment
or special treatment. So rather than just open the door
as she said today, she's asked, you've got to put
some plan on the table. Otherwise it's just more brave
talk and more more vague promises.

Speaker 3 (55:15):
Well, here's the thing, David Farrer. If another player came in,
it's an enormous investment, a billion dollars just to make
a supply chain. And we had Tex Edwards on before
from Monopoly and he said monopoly watched today say and
he said they'd have to open at least one hundred
and forty stores to be competitive. So you know it's
a big ask. Yeah.

Speaker 24 (55:34):
Look, there's a useful rule that was come up in
nineteen seventy six called the rule of three or four
market to work, you need at least three competitors, and
the smallest has to be at least a quarter of
the size of the biggest. So a new competer needs
to be at least ten or fifteen percent of the market,

(55:55):
but will make a huge difference. We don't have good
competition a huge supermarket chain will make a massive difference.
And what Nicholas said is rather than the government say
we think this is what will improve competition, she's saying
there's a limit number of companies who could do this.
Come tell me what it would take for you to
invest here, and I'll see if I can make it happen.

(56:17):
So I think that's fine because any company that's interested
can come and say this is what we want. It
won't be stuff just for that company. It will be
stuff that then any company that wants to come here can.
But look when not you have a problem that we're
shutting out a fourth or competitor. If we can even
go through, I think that would be amazing.

Speaker 3 (56:38):
You know you talk about an incentive there, how about
a corporate taxt pack break or maybe you know some
tax incentives And I know that topics not being discussed
at all that the New Zealand Economic Forum, which is
underway right now.

Speaker 24 (56:49):
David, No, No, whyce you start doing different tax rates
for favored companies as like giving DST exemptionines You're going
to end up a nice well regulate tree changes. Yes,
different text rates nor talkey.

Speaker 3 (57:04):
All right, I got to go. But how about a
favorite tax break for everybody. But anywhere here we go, Well,
we've got the big ones coming up, third party compulsory insurance,
in car, in car insurance Tagatay Ferris's apology, and the
peace talks between Russia and Ukraine. On the Huddle, it's
sixteen to six.

Speaker 1 (57:21):
The Huddles with New Zealand Sotheby's International Realty elevate the
marketing of your.

Speaker 3 (57:26):
Home data far Mike Munro it is now thirteen to six. Okay,
car insurance is going through the roof because cars are
more complex. But then we ended up talking about third
party insurance and whether it should be compulsory. What do
you think make.

Speaker 10 (57:42):
Yeah, well, it's not clear really how effective compulsory third
party insurance would be, and this conversation has been sort
of going around the un circles.

Speaker 19 (57:51):
For some time.

Speaker 10 (57:53):
Insurance companies, organizations like insurance companies and the AA in particular,
have you know, always had concerns about third party insurance
for a number of reasons, the number one being that
it's not clear how skin would actually operate or how
it would.

Speaker 6 (58:10):
Actually be effectively enforced.

Speaker 10 (58:13):
It's you know, as possible that insurance companies will spread
the increased cost of providing cove to to the sort
of at risk or hor risk individuals across all policy holders.

Speaker 6 (58:22):
So so so of.

Speaker 10 (58:23):
You know, people like you and I end up paying
a lot more on our on our car insurance. And
it's also you know, just talk about changing driver behavior,
it's not clear whether a compulsory scheme will change driver behavior.

Speaker 3 (58:37):
Would remind me, remind people that the car is a
privilege and not necessarily a right, David. In Singapore you
cannot drive a car off the lot until you provide
insurance documentation. We like to be like Singapore.

Speaker 24 (58:49):
Well no, actually Singapore does many good things, but they're
not really known for their love of simil liberties or freedom.
And without making it sound like a dramatic case, I
don't think that there is a case for compulsion here. Look,
we've had homeowners who haven't ensured their homes and lost
millions of dollars in christ.

Speaker 2 (59:07):
Church, etc.

Speaker 24 (59:08):
People get to make their own decisions about insurance, and
as Mike alluded to, you make something compulsory, it will
go up the moment. It's a captive market and everyone
has to do this. You're not going to end up
with cheaper insurance, so no against.

Speaker 3 (59:23):
Okay, now Mari mp Takatai Parris had to make an apology.
He did it later, like when nobody was there, and
then he decided to do it completely in Maori. And
this incensed Shane Jones.

Speaker 14 (59:35):
And unwillingness to offer an apology in English shows contempt
for the vast majority of the New Zealand members of
the public who play his salary.

Speaker 3 (59:46):
I sort of made him seem insincere. Mike Munroe, what
do you.

Speaker 10 (59:49):
Think, Yeah, I think I think Shane Jones is on
the money here. Actually, he also pointed out that you know,
drel Mary is an official language and the member is
fully entitled to get up and there are simultaneous translation services,
et cetera, et cetera. But look, you know this is
a really important issue when when a member makes an

(01:00:10):
allegation of other members lying and it goes through the
processes and he has to apologize to the Parliament, the
apology really should be done in both languages. And I
think that that Jones is right that there's a bit
of a swagger about this and the member was showing
a contempt you know, for Parliament and also to all

(01:00:30):
News Islanders.

Speaker 3 (01:00:31):
Yeah, here's the thing. He was speaking in Parliament today
and he spoke in Mali and then he provided an
English translation, so he can do it what he wants to,
but not when he's doing an apology.

Speaker 10 (01:00:39):
What do you think, David, Yeah, well that's the point
I think that Jones was making.

Speaker 24 (01:00:43):
What do you think it should have been in both languages. Also,
he apologized for the wrong thing, which adds to then sincerity.
He got found and contempt for having misled parliament, not
for having called MP's lives he denied it, called them liars,
and he's the first MP in our history to be
found to have mislead Parliament. And he didn't actually apologize

(01:01:07):
for that. He just said I'm sorry if anyone was
offended by my original remarks.

Speaker 6 (01:01:11):
So the whole apology is really pushing.

Speaker 24 (01:01:14):
The boundaries of whether it qualifies with what the privileges
can Mayne should do.

Speaker 3 (01:01:20):
Yeah, I thought it was clever dickery. So there we go,
and to the big story for the world, the possibility
of peace between Russia and Ukraine as broken by Donald
Trump and Vadimir Putin. What do you give these peace
talks to?

Speaker 10 (01:01:33):
Chance Mike Well coming from these two individuals, i'ld say,
very poor chance. You know, Trump's romance with Putin is
deeply worrying. They're both vindictive, dishonest, pretty ugly individuals. I mean,
even Winston Peter's day was damping down expectations of anything
coming of this. It's gonna you know, this is this

(01:01:55):
suggestion that they can somehow I get around the table
and get this matter sorded quickly is going to cause
you know, shutters right through Europe as now, starting with
Kayed and the Ukraine, because you just don't know what
Trump would be prepared to accept from Putin in terms
of concessions. So look, yeah, as I say, because they're

(01:02:18):
such dishonest and undesirable people that I just think we
should we should not get our hopes up. And I
just don't see this making any concrete progress.

Speaker 3 (01:02:27):
That is actually very fair, Mike, because the concessions he's
already made is that Ukraine does not join NATO and
that the US doesn't join in enforcing US sees fare.
So what are you reckon about the whole thing? David?

Speaker 24 (01:02:37):
There will be peace this year, but it will be
through a surrender. Trump has effectively thrown Ukraine to Russia
because as you see, you're all out. NATO hes not
saying there could be any return to twenty fourteen borders,
and he's cutting off funding to Ukraine, so Pewtin doesn't
have to concede much. He'll say lot, we'll get back

(01:03:00):
of the land we now want cap high, which is
still a lot more than that ed. Ukraine will have
no choice but to go along, So there will be
peace this year. But I will be effectively a reward
for Puton. He gets to hold Ukraine and mark my words,
Moldova will be next, possibly Georgia after that, because he's

(01:03:21):
been rewarded for his invasion.

Speaker 3 (01:03:24):
True point, it's a reward. And even if it was peace,
because he's already got the rewards, could he actually do
it again? It's Munich nineteen thirty eight all over again, gentlemen,
I thank you for your time today. It is seven
to six.

Speaker 1 (01:03:37):
It's the Heather Duples see Alan Drive Full Show podcast
on my Art Radio powered by News Talk ZB.

Speaker 3 (01:03:46):
Text through says is an acc compulsory, Yes it is.
Therefore you know why can't it happen? The panel is
full of it. It's about personal responsibility. Yes, it is.
It's about being a privilege and not a right and
perfectly achievable. Fellow has texted and either can do buy
for twenty years. Everything is linked. You can't register or

(01:04:07):
get a warrant of fitness without insurance. You do that
online automatically updates with police and you can process the
WAFT and then the regio each year. Then you're issued
a sticker to go on your plate with the year.
If a police see a plate without the year sticker,
they will pull you over and impound the car and
take it away. So every car has minimum third party
and regio and WAFT because that's the rules, and if

(01:04:31):
you break the rules, rules have consequences. I'm going to
have a bit of fun after the news. I'm going
to talk to a fellow who's running the City rail Link.
The City rail Link, the tunnel's under Auckland to put
trains through has enraged many. Many haven't thought seen what
the benefit of this whole thing is. They've certainly seen
the impact of all the roadworks and how everything has

(01:04:51):
slowed down, the road cones everywhere, and they haven't been
able to see what's happening under the ground because it's
under the ground. Well, I can tell you last night
under the ground a train traveled through the tunnel, because
it's going to take quite a lot of testing to
make sure the trains can do this safely and at speed.
So we're going to talk to Patrick, who runs the
City rail Link in just a few moments time, about

(01:05:13):
what is really a major milestone in a project that
eventually will be out of our hair and in twenty
years time we'll be going thank god it's here. Well
that's what I hope. Anyway, News is next. I'm Andrew
Dickens and for Ryan. Ryan's back on Monday, sand.

Speaker 25 (01:05:53):
Sandy.

Speaker 2 (01:06:21):
What's up? What's down?

Speaker 1 (01:06:23):
What with a major cause and how will it affect
the economy? The big business questions on the Business Hour
with Andrew Dickens and mayors, insurance and investments, Grow your wealth,
protect your future, use talks at me.

Speaker 3 (01:06:39):
Well, good evening to you, Welcome back to the program.
Are we're talking business speaking about business? I'm sorry if
you here during the program, a low thump of disco
based music and that's because Glane and Lehrt are having
a Waketangi promotional do downstairs and so they play in
the old disco music is that Bunnies and the eating

(01:07:01):
Wakaentucky it Wakatuki crisp. And so if it's coming through
the floor and I apologize, it's Gelane and Lee Hart
and Heath is probably there as well. It is eight
minutes after six, all right. A huge step towards trains
actually running through the City rail Link. Last night a
test train actually went through the tunnel for the first time.

(01:07:22):
It took them two and a half hours to complete
the journey. The journey's three point five kilometers. They took
it slow. They did it slow so that the technicians
could problem shoot all the way. So City rail Link
Chief Executive as Patrick Brocky, and Patrick was there and
he's here and now hello Patrick.

Speaker 20 (01:07:40):
Hi, and very nice to be talking to you.

Speaker 3 (01:07:42):
And congratulations. That must have been a buzz.

Speaker 20 (01:07:45):
Oh it's a real milestone actually, And there was a
small party of staff and well Whish was down there too,
saying the train off from white Matar station. So now
a very exciting and proud monament for all of those
that have been involved over many years, from our contractors
through to our partner's Kyra or can Transport or can
One Rail, Big milestone for us, so thank you.

Speaker 3 (01:08:08):
Okay, so the very fair you did it five times,
but the very first time you did it you did
three point four to five kilometers in two and a
half hours. You did it slow.

Speaker 20 (01:08:16):
Why, it's just being safe five kilometers an hour initially
and building up from there. But we just need to
check the tunnel clearance and make sure the train runs
through smoothly without any interruptions. We were pretty confident about that,
of course with all the work we've done, but you
never shure until the day and then power supply, just

(01:08:37):
ensuring it's continuous through the tunnels. We're also looking at
all the signaling that down there that's spready out managed
by Kivy Rail, but making sure the signaling is all
in order. And it went very well. The test all positive,
so we're all for a good start.

Speaker 3 (01:08:55):
Did you get faster, I mean you did another four
trips and did you get faster? In which case, what
is the current speed record for the city railing tunnel.

Speaker 20 (01:09:04):
Well, well, we did get faster, materially faster, and I
think over the next few days we would hope to
get up to about a maximum of forty kilmas an
hour and.

Speaker 3 (01:09:14):
That's how fast it will run when it's in regular service.

Speaker 20 (01:09:18):
No, it can go faster. It can go up to
seventy kilometers an hour, but I think forty at the moment.
As we find out any sort of bugs in the system,
and there are a couple, you know, we have some
we're still work to do on the tracks, some minor works,
but they still have to be done and it's just
safer to run it at moderate speeds for now.

Speaker 3 (01:09:36):
So what needs to happen from here? You've said you're
going to keep on testing, and I know that the
tracks obviously work, but the big problem is going to
be the systems that actually monitor and control the trains.
That can take quite a long time. So what is
going to happen next from here and how long will
it take?

Speaker 20 (01:09:53):
Well, you definitely hit the name on the head of
the system's part. That's one of the most complex part
of the project with the test and commissioning phase, with
the running of the trains. There's over eight thousand tests
andrew that we have to run over the course of
the year, so we've really just only just started that.
As you know, we've also got to complete the station
set out, so there's an examples, the ceilings, the tiling works.

(01:10:17):
Some of the ticket gates are actually in a couple
of the stations, which is great tunnel ventilation system. There's
are massive tunnel events given an example, they can by
up to eight tons, but they are just we're going
running full testing now and those that will continue for
some time. And then, as you pointed out, the other

(01:10:38):
systems involved installation and commissioning of those systems and they
cover examples fire heating, a fire emergency prevention, heating, lighting, CCTV.
We've also got works outside of the stations, some urban
realm or footpath and paving works. So there's quite a
lot left to do. We have just under nine hundred

(01:10:59):
staff working on this at the stations, and so will
give you a sense of the scale of work that
we still have to complete this year.

Speaker 3 (01:11:07):
So you're hoping to open in twenty twenty six, Do
you believe you're on track?

Speaker 20 (01:11:10):
Yes, we do.

Speaker 3 (01:11:12):
Would you like to give us a date?

Speaker 8 (01:11:15):
All right?

Speaker 20 (01:11:15):
Twenty twenty six is twenty twenty six not only vague, Andrew,
but I think well, I think twenty twenty six is
about as specific as we can be right now, just
because and it's not again, not being evasive, but the
last year is complex and we've got a lot to
do still, and it can be the unknowns, but look,
we're working as hard as we can to open as

(01:11:38):
early as possible.

Speaker 3 (01:11:39):
We're so keen to see it, I have to say.
And I have read about the Elizabeth Line in London
and just how long it took to get that just
good and safe and working properly. Is the signaling you
don't want trains going down the wrong tracks. Just when
you were talking about all the infrastructure down there, there
must be an enormous drain of electricity.

Speaker 20 (01:11:57):
No, there is. This powers place pretty important for a
railway for sure, and of course we're running the station
systems and so on. So no, that's that's definitely the case.
But we were that's well catered for and in place,
so we shouldn't. We don't expect to have problems in
that area.

Speaker 3 (01:12:15):
When do you get to take the mayor for a
bit of a tour on a train, that's.

Speaker 20 (01:12:20):
A good question, not one we've covered yet, but when
it's safe to do so. Andrew, I think, look, we'd
like the general public about to see the project as
soon as possible, and the only substitute at the moment
is we've got some really good comms on our website,
drone footage, We've got monthly newsletters with updates on the
station works, and courage your listeners to look at that

(01:12:42):
because I think it's very that's very helpful and getting
some visualization of how the stations are coming along. Hopefully
we can we can do more than that at some
point during the year when it's safe to do so.
But in terms of the Mayor and the Minister riding
the first train, well for riding a train that's not
on the plans right at the moment, but I'm sure

(01:13:03):
that will be.

Speaker 3 (01:13:05):
Patrick, Patrick, it's good politics if you know what I mean,
and you talk about the public, I mean, I've I've
walked through every tunnel that's been built in this in
this city, and I've walked over every bridge, including over
Spaghetti Junction when it was built back of the seventies.
So will is there any possibility that we could come
for a bit of a wander through the tunnels for

(01:13:27):
the public at some stage of the future.

Speaker 20 (01:13:30):
I think the stations is more likely entered than the
tunnels themselves because we have energized so there's you know,
there's power running through the tunnels. But you know, when
the time is right, if we can do something with
our stations and giving the public a glimpse of how
they're going to look, and they will look stunning, we'd
love to do that.

Speaker 3 (01:13:49):
Can't wait. Patrick, congratulate your team and I thank you
for your time tonight and all the very best.

Speaker 20 (01:13:54):
Okay, thank you, Andrew, good talk to you.

Speaker 3 (01:13:57):
There's Patrick Brocky who's in charge of the CEE. Well,
remember it was supposed to be finished in twenty twenty five.
It was supposed to be opened in twenty twenty six.
Now he's talking about finishing it in twenty twenty six.
So will it be opened in twenty twenty seven?

Speaker 2 (01:14:12):
Oh?

Speaker 3 (01:14:13):
It takes a long time to watch a part of
kettle boil, doesn't it. It is six fifteen. Nikola Willis
was at the New Zealand Economic Forum, which kicked off today.
Scott Morrison was there as well, the Australian Prime Minister.
A whole lot of coneheads all talking about economic stuff.
And guess who else was there? Liam Dan and he's
joining me next.

Speaker 1 (01:14:33):
It's the header Duper c Allen Drive Full Show Podcast
on iHeartRadio powered by News Talks EBB.

Speaker 2 (01:14:41):
If it's to do with money, it matters to you.

Speaker 1 (01:14:44):
The Business Hour with Andrew Dickins and Player's Insurance and Investments,
Grow your wealth, Protect your Future, News Talks EDB.

Speaker 3 (01:14:53):
I've had a Texas says, I cannot believe how much
this guy's going on about how much commissioning and stuff
has to be done. It's not the first tunnel in
the world that has been built. It just sounds like
a whole lot of bs and today's well I mentioned
the Elizabeth Line. The Elizabeth Line was first planned in
two thousand and one. It was supposed to finish in
twenty eighteen. This is in London. It did not finish
until twenty twenty one, so it was three years late.

(01:15:14):
In twenty twenty one they started testing and they tested
for a year and it didn't open until twenty twenty two.
And now it's one of the most successful lines in
the world. All right in six eighteen, So willis the
excuse me, I do have a frog. Nicola Willis, the
Finance Minister, opened up the New Zealand Economic Forum today
and gave a speech and she promised action to increase

(01:15:36):
competition amongst supermarkets and electricity retailers and banking. And Liam
dan is the Herald's business editor at large, and he
was listening to the whole thing, and he joins me, Now, hello, Liam,
good Andrew, what did you make of it?

Speaker 2 (01:15:49):
Well?

Speaker 6 (01:15:50):
I liked it.

Speaker 26 (01:15:51):
It was a good it was a good strong language.
I guess, you know, the cynical journalists sided me might
be thinking, well, it's a bit like some of the
other stuff we've heard. This is really good language, really
good sentiment. You just wonder what the actual substance of
it will be. So she said, well, look, let's let's

(01:16:12):
do a deal. We'll treat a new supermarket entrant like
a VIP. We'll you know, we'll kind of roll out
the welcome mat. But you know, it's not clear in
the hard world of business what that might be other
than and maybe sort of smoothing the regulatory path. You know,
we're not we don't seem to be quite talking about

(01:16:33):
saying well, look you can pay no tax for five
years or something like that. Just come in and we'll
give you a real kickstart. So yeah, I'm not sure.
I guess, you know, the devil may be in the detail.

Speaker 6 (01:16:45):
And perhaps you know, they can pull it.

Speaker 26 (01:16:47):
If they pull this off, it'll be you know, if
they could get an Aldi in here before the next election,
that would be a coup.

Speaker 3 (01:16:53):
So she did kind of suggest though that if a
third player I wanted to come to her whether proposal,
she would consider it, and maybe they might come to
the with the proposal saying we will spend a billion
dollars on a supply chain, will buy one hundred and
forty stores, and we will do this if you give
us five years tax free, and she would at least
consider it.

Speaker 26 (01:17:13):
Yeah, I think, Look, look, I hope that is what
we're talking about, you know, hope that that level of
sort of creative thinking is what this government is sort of,
you know, intimating that it's going to you know, get
and get involved in the next over the you know,
really only got eighteen months unto the next election, so
they're going to have to get on with it. But

(01:17:34):
you know, and that's in the in the side where
we say, well, let's bring in a new player and
that will solve all our problems, and.

Speaker 3 (01:17:40):
Well here's it might or might not. Here's the thing.
She sort of hinted that she's had an unsolicited approach
by an unnamed third player from an unnamed country, and
it felt to me a little bit like she was
suggesting that maybe there was something concrete amongst all the waffle.

Speaker 26 (01:17:59):
Yeah, look possible, But then you have to look at
the scale and you go, well, you know, up in Auckland,
we've got a costco. You know, it's it's but you
need something at scale really to to affect the namic
dynamic of the whole you know, supermarket or the grocery
store sort of competition dynamic, and one or two stores
probably won't do it. So you've got to have a

(01:18:20):
really big, serious player. So I guess, you know, it's
just whether one new player would really change things that much.

Speaker 6 (01:18:28):
It's going to help.

Speaker 26 (01:18:29):
But then the other part of it is how tough
the government is prepared to get with the incumbents around competition.
And that is also a situation where it's it's kind
of easy to talk, really tough, it's harder to actually,
you know, really sort of enforce things unless you're prepared

(01:18:52):
to go the whole hog and start breaking up monopolies,
which has been done in the past. Telecom got broken up,
you know, but that would be a big call, especially
from a sort of a pro business government that talks about,
you know, concerns about sending the wrong message to potential
business investors and that sort of thing. So you know,

(01:19:13):
I just wonder, you know, for example, they're calling the
bank bosses back in to talk to them about giving
us a better, better deal.

Speaker 5 (01:19:21):
I guess, But what will the stick be exactly?

Speaker 3 (01:19:25):
And we've been trying this for a good five to
ten years and nothing's worked so far, but you know,
God loves to try. Liam Dan, I thank you so
much for your time today. It is Sex twenty three. Yeah,
I should probably mention the fact that it's been pointed
out to me that the Elizabeth Line is one hundred
and eighteen kilometers long whereas the CRL is three point
four five kilometers long, So yeah, there's a difference in scale.

Speaker 2 (01:19:48):
The Rural report on hither do to see allan drive.

Speaker 3 (01:19:54):
New soilire b It is our six twenty five and
this took about rural things. We've got Jamie mcnaiy from
the country on the line and how Jamie today Andrew
now in South and people are up at arms. The
farm's being converted.

Speaker 25 (01:20:07):
Well not just our farm set lots of farms down here,
and certainly lots of farms on the east coast of
the North Island as well, have been converted from effectively
good pastoral farms to forestry and or carbon farming. This
particular one I know very well on the Southland are
born and bred. It's on the northern slopes of the

(01:20:27):
Hokanuei Hills. If you were driving, for instance, from Gore
to Queenstown, it's a lovely drive too, you would pass it.
This is a farm that shouldn't be going to trees.
Of course, the government has stepped in and changed the rules,
or they announced to change in the rules in December
of last year. They'll come into force probably about October

(01:20:48):
this year. But they can't stop stop stuff that's underway already.
But this is a beautiful farm. The entire operation is
apparently seven three hundred hectares. It's not only sheep and
cattle breeding, but it's also a finishing farm where you
fatt and stock. It's got cropping arable you know, good
enough to grow crops, and also dairy farming. The whole

(01:21:09):
lot is apparently being holess. Bowlus are planted into pine trees.
It's wrong. It's not being planted for production forestry. It's
being planted for the carbon credits. You'll get two clicks
on it. But a lot of the local farmers are
quite rightly saying this is not right. It's going to
be an eyesore, it's going to be a blight on
the environment. And I think quite a bit of government

(01:21:31):
money was spent on this particular farm, which is a
lovely farm of tailed sheep there and mustard as a
young guy, was spent on this farm in the seventies
to develop it. And the likes of Groundswell co founder
Lorry Patterson, who also owns a big sheep and beef
station down there, says he's none too toughed with it,
and I think that's the general consensus.

Speaker 5 (01:21:52):
Of people down there.

Speaker 3 (01:21:53):
I'm right there with you. You know, these forests they're
just a mirage. They're not really affecting or improving the
environment anyway, shape or form. In fact, they're making it worse,
as you quite rightly said. Hey, Jamie McKay, thank you
so much for your time today. Have yourself a great night.

Speaker 25 (01:22:06):
Yeah, Andrew. National LAMB Day on Saturday. Hopefully the supermarkets
will come to the party. I haven't seen any evidence
of it yet, but go and taste some lamb.

Speaker 3 (01:22:14):
Oh, no problem, Jamie. I will thank you, my liege.
Six thirty eight, we're going to talk about Donald Trump.
He's making a lot of changes, it's causing some uncertainty
in the markets. And Sam Dicking from Fisher Funds. We'll
talk about that. We've got Da Brady coming to join
us as well to talk about stories from all around
in Europe. This is news Talks here, b. I'm Andrew

(01:22:36):
Dickens in for Ryan Bridge, who's back on Monday.

Speaker 1 (01:22:53):
Some bs Arnie crunching the numbers and getting the results.

Speaker 2 (01:22:58):
It's Dickens Gulp the Business.

Speaker 1 (01:23:00):
Hour and Mays Insurance and investments, Grow your wealth, protect
your future.

Speaker 24 (01:23:06):
News talks envy because they're already.

Speaker 5 (01:23:12):
To forget me.

Speaker 14 (01:23:15):
Are glad to give you Regad.

Speaker 3 (01:23:20):
There's a voice, and I hope as well. Willis CAPOULDI
had his troubles. Anyway. I've got a story for you
right now about school lunches and what's happening tomorrow. So
if you've got kids who get the free lunches at school,
I am expected to get a free lunch tomorrow. They're
going to be stoked because tomorrow they are getting pies

(01:23:40):
and peter pits, so the company is supplying the lunch's compass.
I had to inform this afternoon the schools that they
haven't quite met what they said they were going to do,
so what they're going to do tomorrow is pies. They've
also informed the schools that the pies won't meet nutritional guidelines,
but it will allow them to get on top of
their food production and improve on delivery. So government politicians

(01:24:04):
have a reaction and they're stoked. He's Tom McLay Trade Minister.

Speaker 19 (01:24:08):
I grew up eating pies and I feel quite healthy.

Speaker 3 (01:24:11):
Infrastructure Minister Chris Bishop, and.

Speaker 27 (01:24:13):
People eat things all the time that don't necessarily eat
nutritional guidelines.

Speaker 24 (01:24:16):
Me and a bunch of other MPISA case in point
of that. But you know, a little bit of bad
food every now and then is not the world's worst thing.

Speaker 2 (01:24:24):
You've got to enjoy life as well.

Speaker 3 (01:24:25):
Ax Brook van Velden actually.

Speaker 18 (01:24:27):
Have no problem with a kid having a pie for.

Speaker 3 (01:24:29):
Lunch, and Shane Jones, of course you had something to say,
pie for Kai, Pie for Kai, but the opposition is
not impressed. Chris Hipkins, a well known lover of pies.
We know that from the last election feels sorry for
the kids.

Speaker 4 (01:24:45):
Well, it's showing contempt for young people who really deserve
to have a free and healthy lunch at school.

Speaker 3 (01:24:50):
And here's the Greens Riccardo and then there's much as.

Speaker 23 (01:24:53):
It shows that Christopher Luxeon and David Seemer are putting
short term profit gains at the expense of the well
being offer children.

Speaker 3 (01:25:01):
I do like a pie. I can really go pie
right now, A pie and a coke. It's a balanced meal.
Pie in the left hand, coke in the right hand.
It's twenty two to seven. All right. I'm joined now
by Sam Dickey for Fisher Funds.

Speaker 27 (01:25:17):
Hello, Sam, good even Andrew Love a good pine of
coke yep, and.

Speaker 3 (01:25:22):
A cream donut for afters.

Speaker 27 (01:25:25):
Exactly cause it's square anyway.

Speaker 3 (01:25:28):
So tariffs they're on again, they're off again, but they're
certainly around. What's happening with the market.

Speaker 27 (01:25:35):
Yeah, exceptionally fluid policy. Ryne and you guys have spoken
a lot about that. Will they want their tariff journey.
But it's not just tariff uncertainty. So there is uncertainty
on the one hand, how potential tax cuts could stimulate
the economy versus the DOGE or Department of government government
efficiency inspired federal government cost cutting, which could be a

(01:25:56):
drag on the economy. Then you've got uncertainty about the
independence of the US federal reserves. So Chairman J. Powell
retires it a little over twelve months, and Trump has
made no secret he a wants interest rates lower now
and b wants a loyalist to replace power. Powell, on
the other hand, is trying to do his job independently,

(01:26:17):
as it says on the TIN, which is to control inflation.
And right now he has stopped cutting rates because the
Fed is, as he said this week, close on inflation,
but not there yet. And then of course you've got
the US versus China computer chip war we've spoken about
several times, which breeds its own version of uncertainty.

Speaker 3 (01:26:35):
He's right, the fair guy, because in fact, yesterday US
inflation rates came in higher than expected, so it isn't
under control.

Speaker 27 (01:26:45):
That's right, close on inflation, but not there yet. And
we need independent central banks. That's why they are independent.
So any thing that erodes in independence is a concern,
and again creates that uncertainty.

Speaker 3 (01:26:57):
Well, and you just have to wonder, and I'm sorry,
this is not Trump arrangement syndrome in any way it
shape or form. But you have to wonder if Donald
Trump is demanding the interest rates when inflation is still
going up and the figures came out yesterday, whether he
knows what could happen.

Speaker 27 (01:27:11):
Yeah, we probably hasn't studied the nineteen seventies as closely
as Jay Powell. I suspect when the FED declared victory
on inflation early and inflation took off again, we had
a horrific great high cycle. But anyway, did there results?
The Oh, there is not just tariffs.

Speaker 3 (01:27:26):
The point is that, so look what impacts is this
happening on companies around the place and their bottom line
and their projections.

Speaker 27 (01:27:34):
Yeah, early days on the bottom line, But imagine sitting
in a boardroom in the US, also Southeast Asia or
even Mexico or Canada right now today and been asked
to sign off on a huge capital project which sort
of spans the US or imports product into the US.
All been asked to sign off on a three year
strategy document with this type of extraordinary policy fluid in it,

(01:27:55):
and it is starting to show up. So a small
business survey in the US just released a couple days
ago showed the second or third highest uncertainty reading in
the past fifty years. And the last thing I would
say on that is steels are a classic case or
steel is a classic case of the uncertain impact of tariffs.
So steel stocks, for example, ripped high when Trump was elected,

(01:28:17):
and they ripped hire a few days ago when he
did slap twenty five percent tariffs on Chinese steel imports.
But what's super interesting is this the stocks now and
now much lower than they were with pre Trump's election,
because it reminds us these things don't happen in a vacuum.
That the average steel bar on the US is not
suddenly twenty five percent wealthier. So there's a lot going

(01:28:38):
on there and the impacts are starting to show up.

Speaker 3 (01:28:40):
Has this sort of thing happened before? And if it has,
what could we learn from it?

Speaker 2 (01:28:46):
Yeah.

Speaker 27 (01:28:46):
The most obvious parallel, I think is his last term.
But the point of make there is that the starting
points are very, very different. So last time the market
was very viarius about Trump getting in, the bar was low,
and he ended up being generally good for the economy.
This time, the bar is much much higher. People expect
he will do very good things for the economy, and

(01:29:06):
that is already embedded in share prices before he has
even done anything. And the other thing, of course, is
that this time he's got a real head of steam
up around policy changes, and policy uncertainty is significantly higher
than it was last time.

Speaker 3 (01:29:20):
Okay, so what about the people with the money, the
investors who are trying to figure out which company they
should invest in.

Speaker 27 (01:29:27):
The easiest thing to say, I think is what Howard
Mark said is I don't know. No one really does,
and I'm not sure some of his aides know from
day to day what sort of policy is going to
come out. But what we do know for sure is
that this level of policy uncertainty is unprecedented and expectations
are high, and that is one of the reasons why Europe, China,
and even Mexican equity markets are significantly outperform in the

(01:29:48):
US so far this year. But one thing we do
know for sure, Andrew, is if you were sitting near
Trump at as inauguration, like the heads of Google, Meta
and Amazon were, this uncertainty didn't stop their boards from
signing a combined three hundred and twenty billion dollar KPIX
bill for this year.

Speaker 3 (01:30:05):
Okay, great stuff, Sam Fisher, you are very interesting and
very easy to listen to it, and I thank you
for your time today. And Sam is from Fisher Funds. Meanwhile,
on my television in the corner of the studio there
is in fact Jerome Powell sitting there talking up free trade.
So you can tell already there's some considerable differences between
the head of the Fed and the President of the
United States of America. Now, Steve writes, the kids will

(01:30:28):
love pie day. The kids will now want it once
a week, Yes they will. Andrew is a bit rich
of hipkins to criticize a pie when they offered KFC
and Coca Cola to entice people to vote for them.
Thank you so much, Rob and Grant says, we'll just
get rid of the school hunches. They've been a debacle
all along. It is sixteen to seven and to Brady
out of Europe is next.

Speaker 1 (01:30:49):
Whether it's Macro microbe or just playing economics, it's all
on the Business hours with Andrew Dickens scant theirs, insurance
and investments, throw your protect your future.

Speaker 2 (01:31:01):
These dogs.

Speaker 3 (01:31:04):
Just get better and better, best attendance numbers of the
year will be tomorrow. Most will go to school just
to eat their pie for lunch. All right, it's thirteen
minutes to seven. It's got to Europe and we've got
into Brady on the line.

Speaker 6 (01:31:17):
Hello, Enda, Hey, Andrew, good morning, Hello, good evening to you.

Speaker 3 (01:31:22):
It is good evening and it is a very fine evening,
and thank you very much. Now we've got Putin and
Trump heavy at chet. They're wanting peace, They're wanting to
swap land. The US doesn't want to support NATO. There
is Ukraine being sidelined and all of us.

Speaker 6 (01:31:41):
I think that is the huge concern now, and certainly
in the capital Kiev, they will be very, very worried
that this phone call lasted ninety minutes between Trump and Putin,
and what we're seeing is effectively Russia being brought back
into the international fold, no longer going to be a
pariah state because Donald Trump seems to think that, you know,

(01:32:02):
he himself wants a Nobel Peace Prize. A lot of
people in Europe have been saying this to me for
months when they come on my TV show, that this
is what Trump will do. It's all about Trump getting
the Nobel Peace Prize. That's what's driving him, No great
thirst for peace or anything else. It's it's personal kind
of gain. And again the transactional president in operation. Now,

(01:32:24):
I've interviewed the Russian ambassador in London several times in
the last three years, and each time he has set
out what will be needed for Russia to end the war.
They use a phrase consistently, the denazification of Ukraine. They
see Zelensky, believe it or not, they see him as
a Nazi. So Russia wants Zelensky gone and some sort

(01:32:46):
of I'm guessing a puppet regime in Kiev. So effectively
Ukraine will be under Kremlin control. They want to keep
all the land of Russia has invaded and occupied and
seized in the last three years. They want Ukraine not
to be able to do on NATO and not to
be able to join the European Union. So effectively Ukraine
will become a shadow state of Russia, and.

Speaker 3 (01:33:06):
That would be defeat. And yeah, yeah, but at the
same time, so many people have died, one hundred and
twenty thousand dead, you know, seventy thousand Russians alone, So
much blood.

Speaker 6 (01:33:18):
Yes, look the bloodshed and the loss of life has
been catastrophic and terrible. I was in Davos a couple
of weeks ago and I heard Zelenski speak, and afterwards
I heard a group of Americans saying that, you know,
this guy just needs to talk peace now and sit down.
And so I challenged him on what was said, and
they said that there was fatigue. This was the phrase
the Americans used to me, that fatigue was setting in

(01:33:41):
after three years. And I said, hang on, we wind
the clock back in history to nineteen forty two. I said,
there was a lot of people, probably in America, we're
talking about fatigue. Then I said, you're going to give
Hitler what he wanted after three years, because I think
the major worry now is that Putin once he realizes
he can get what he wants in power. I'd be

(01:34:01):
worried if I was in Lithuania, Estonia, lat Fear these countries.

Speaker 3 (01:34:07):
Okay, who have just separated themselves from the Russian power
and gone to Europe, because I guess they can see
what's coming up. Let's talk about to England and a
third runway at Heathrow.

Speaker 6 (01:34:19):
Yes, So this was the great scheme announced a few
weeks ago by Rachel Reeves, the Chancellor or Finance Minister
to get growth in the UK economy. What's happened now
is the new chief executive Heathrow. He traveled up to
Scunthorpe in the north of England. It's a steel producing town.
It's a town built on steel production. He gave a
major speech there and he said that he believes there

(01:34:42):
will be flights taying taking off from a third runway
in Heathrow within ten years. And he said to facilitate
all of this and the extra numbers, he wants to
expand Terminal five and Terminal two at Heathrow. And he
signed a deal saying he will use British steel to
do that. So at a time when there's a lot
of ti talk about tariffs on steel by President Trump,

(01:35:03):
this is absolutely a boost for the UK industry. But
I think he's being very optimistic. I can't see a
third runway at Heathrow inside a dechead.

Speaker 3 (01:35:13):
Okay, well, why do you need it? You've got you
got Heathrow, you got get what you got Sten Steed.
I mean, how many how many runways do you guys need?

Speaker 6 (01:35:20):
Yeah, there's Southampton, there's South End, there's Luton. Yeah, yeah, honestly,
you know, smart people are saying here when I interview
business leaders, they're all saying to me, you know, put
the capacity into some of the other airports and lift
them up Heathrow. This will never fly because you've got
hundreds and hundreds of people's homes that you're just gonna

(01:35:41):
have to demolish to make way for a third runway.

Speaker 3 (01:35:43):
Okay, well, look I can tell you what you do.
You can put a bridges into Stanstead because I qed
there in January once and it was freezing cold and
I had to walk along the runway through the rain
to get into a plane, and I thought, which country
am I in?

Speaker 6 (01:35:54):
Yeah, your step count if you landed London stands, then
check your watch after you finally got to where you
need to be, because you've done the equivalent of half marathon.

Speaker 12 (01:36:03):
Yeh.

Speaker 3 (01:36:05):
Finally. Jim recuff Sir Jim Reccuffe and Ineos, we're no
fans of him at the moment because he wants to
take his money away from the Obecks with the Ineos branding. Meanwhile,
he spent two point seven billion dollars by Manchester United
and now he's firing everybody and the team frankly is tanking.

Speaker 6 (01:36:20):
Yes exactly. So we're all aware of what's going on
with NZI Rugby. We've seen that story. No one in
any way shocked at all this week by that, by
the way, in Europe. Yes, so he's a local boy.
When he took over Manchester United, everyone felt wow, a
guy from Salesworth owning twenty eight percent of the club Salesworth,
Greater Manchester. He's from very humble origins. He went off

(01:36:43):
to university, he founded Ineos. He is now a multi
multi squillionaire man United fans had high hopes when Ratcliffe
came in. They thought, okay, locally guy, he's an actual
United fan. He will just pump rivers of money into
the club. He's put a lot of money in, but
now he's making cutback. There are rumors of one hundred
redundancies coming off the back of several hundred redundancies in

(01:37:06):
the summer just gone one. Lady Jackie Kaye, head of
operations at United matchdown Logistics, she got the sack this week.
She's been at the club thirty years. Newspapers have described
her as the oil in the man United machine, and
Ratcliffe got rid of her. So he is utterly ruthless.
There are cost cuttings coming. But if I was Ratcliffe,

(01:37:28):
I'd be looking at some of the players on the
pitch picking off half a million dollars a week enz
to play soccer and look where they are in the league.
Quite frankly, just not good enough.

Speaker 3 (01:37:38):
He blames the industrialization of Europe and he's losing money,
and he's got five billion dollars worth of sports investments
around the world. It's not just Menu and the old
Beckslzenne and Switzerland is the nice club in France. I mean,
he's in a stuck and he never start it coming,
it seems.

Speaker 6 (01:37:54):
But with run Edd, Yeah, look he's down Andrew, He's
down to his last fifty billion dollars. Give him a break.

Speaker 3 (01:37:59):
Come on, Andy Brady, I thank you for your time. Today,
News talksb is coming up six to seven.

Speaker 1 (01:38:05):
It's the Heather Too per se allan Drive full show
podcast on iHeartRadio powered by News Talk ZBB.

Speaker 3 (01:38:12):
News Talks Hepp. I'm Andrew dickism in for Ryan Bridge.
Ryan is back on Monday. Meanwhile, Heather, it's Heather's show.
She's back in April at the moment. It's the schedule,
but it could be earlier. It was last time she
had a child, and you may remember that earlier. Today
I talked to Barry Soaper and said, look, people are
really wanting to know some news from home about Heather
and the new baby, Mackay and Iggy, and he's promised

(01:38:34):
to give us an update tomorrow round about four forty five.
So I'll see you then. Time for me to go.
I like to thank producer Laura for being awesome, Libby
for doing great setup, and Anthony Millicich hit every button
perfectly today and actually did some really nifty editing. Thank
you so much. And now he's playing some music.

Speaker 28 (01:38:50):
Oh thanks Andrew, that's very kind. I appreciate that you
did a good job too. Jonahs brothers sucker to play
us out tonight. The Jonah's brothers have put a social
media post uff I'm just going to read you a
bit at the start, okay, to our incredible fans. As
a family, we have been reflecting a lot lately. It's
been twenty years since we started this journey together. To us,
it just feels like you stay so everyone panics because

(01:39:11):
you're like, oh, they're splitting up, aren't they? They're splitting up.
That's how you start the post. If you're splitting up,
you can't split up with your brothers. Well, exactly, Well,
and it turns out they're not even splitting up. They
just went on to talk about aving, going to release
a bunch of more music this year and stuff. But yeah,
the Internet had a collective sigh of relief after they
finished reading the post. Be more careful with your language choices.

Speaker 2 (01:39:28):
Please.

Speaker 3 (01:39:28):
You don't know right what songs this sucker, oh sucker,
you did say that by at the beginning they had
that big one when there were kids couldn't stand it.
But anyway, thank you, See you tomorrow for you.

Speaker 1 (01:39:46):
Listen for you for more from Hither Duplessy Allen Drive.
Listen live to news Talks it'd be from four pm weekdays,
or follow the podcast on iHeartRadio.

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