Episode Transcript
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Speaker 1 (00:01):
The only drive show you can trust to ask the questions,
get the answers by the facts and give the analysisgether
due to ce Eland Drive with One New Zealand. Let's
get connected and news talk as they'd be.
Speaker 2 (00:16):
Afternoon, Welcome to the show. Coming up today, We're going
to have a chance at the Lower Hutmere. He's got
lots of questions about whether other councils are also in
line for government intervention now that Wellington City Council has
had one come in. The banking inquiry has started at Parliament.
We're going to speak to Stuart Smith, the Finance Select Committee,
a Select Committee chair, and also Uber Eats is coming
to Regional New Zealand. Is this a good thing for
(00:37):
the regions? Monsoon? Poon owner Mike Egan on that together. Dutleslerge,
I'll tell you what based on the criticism that David
Seymore's copping at the moment, you think he'd actually failed
in his mission to feed kids on a budget, rather
than succeeded madly at the thing.
Speaker 3 (00:51):
I mean.
Speaker 2 (00:52):
The latest criticism is from businesses, for example Peter Tippett,
who were making lunches for kids in schools who are
now upset that they've lost the work that they had.
The work's now going to go to a global company
called the Compass Group instead, and as a result, the
businesses that we're making lunches here in New Zealand are
going to lose jobs. Basically, they have to cut jobs
because they can't afford to keep the people. Now, I
(01:14):
feel for these companies, this is going to be tough.
I'm sure that a government contract like this one would
have dragged a lot of businesses through what has been
a very very tough economic downturn, which we're still in.
And without the money, I'm sure it's going to be
very very hard to make ends meet. And I obviously
would rather that the money was being spent with New
Zealand businesses than on a global giant like the Compass Group.
(01:36):
But center mentality like that can not drive government spending decisions.
We cannot pay an average of nine dollars a meal
simply because it creates jobs and helps Kiwi businesses out,
not when it is possible to feed kids for a
third of the price at three dollars a meal. I mean,
that's the kind of make work mentality that ended up
with this country blowing huge amounts of money on a
(01:56):
public massive public sector workforce. Back in the eighties it
was around about twice what it should have been because
we were making jobs for people, keeping people employed. Anyone
cutting their budget, any business cutting their budget is brutal,
but especially when we're talking about a government cutting budgets
back and cutting budgets back this big. But it needs
to happen. I do not want to pay more tax
than I need to just to subsidize Peter Pit's businesses. Now, actually,
(02:22):
what David Seymour has managed to do here, it deserves
a huge amount of praise, not the criticism that he's
coppying at the moment. He has managed to save one
hundred and thirty million dollars a year and deliver the
same service. Basically, that's impressive, right, Feeding kids for three
dollars a meal is impressive. Now, Obviously the proof of
the pudding is going to be in the eating. I mean,
it's one thing to serve up a few lunches at
(02:42):
Parliament on a Tuesday. It's quite another to sustain that
across thousands of lunches for months on end and still
make sure that the kids are getting portions that are
satisfactory and quality that's satisfactory. And there are clearly critics
who are just waiting for something to go wrong so
they could say, look, David sew Or did the wrong
thing right, So he's absolutely got his work cut out
(03:02):
for him. But so far, I all think we ought
to be grateful that he's managed to do something that
politicians very rarely managed to do, which is to maintain
a service while saving money together.
Speaker 4 (03:12):
DUL nineteen nine.
Speaker 2 (03:14):
Two is the text number standard text fees apply. The
government has announced a funding boosts. Speaking of money for
Saint John, it says an agreement has been reached between
the ambulance service and the unions, So this is going
to cost another twenty one million dollars in additional funding,
and Saint john has confirmed there will be no further
strike action from its workers, which is good news. The
Associate Minister of healthus Casey Costello, Hey Casey, Hi, how
(03:36):
are you very well? Thank you? So has this money
basically gone directly into wages?
Speaker 3 (03:41):
It sounds like we don't have a direct visibility, but yeah,
this has been the trigger that's allowed the unions and
how to want know Saint John's to reach an agreement,
So we're really pleased with airs.
Speaker 2 (03:54):
So what level of this organization are you now funding?
Speaker 3 (03:58):
So we're at the figures currently at and there's still
a little bit work being done, but it's looking between
eighty four and eighty six percent is now funded. As
you know, we've got a coalition equipment to meet greater
portions of HAT twenty Saint John's and your budget. But
this is going a long way, and I think the
breakdown now is I think they have about eight percent
(04:21):
of fundraising, three percent of commercial funding, and then we've
got the part payment funding that comes through as well.
Speaker 2 (04:29):
So when are you guys going to get it to
the ninety five percent?
Speaker 3 (04:35):
This is the negotion that we've got to work through now.
It's and it's a really important piece of work, and
we completely understand it and it's working understanding what the
expectations of HAT twenty Saint John's around what they want
to achieve, around their operation environment and their fundraising and
other commercial ventures. So yeah, we will.
Speaker 2 (04:55):
We want to keep full funding.
Speaker 3 (04:59):
The kind of this is where I've had different conversations
with the full funding of the operational costs. So that's
the frontline costing. I think we have the other factors around,
you know, their capital works and property development and those
sort of things. So we've just got to be really
clear about what we're commissing to around that funding model.
Speaker 2 (05:18):
Okay, alrighty, And so if you were to go to
the ninety five percent, which you guys have agreed to
in the coalition agreement, then how much more do you
have to put in?
Speaker 3 (05:28):
Well, this is where we're looking at what the part
payment funding is in the total numbers. So I'm still
waiting to see what that total amount is. Looking at
the others they've got, I think we're currently sitting at
about ninety one percent. I'm not sure whether those figures
are exactly like it. So we're just going to work
through that.
Speaker 2 (05:44):
This in casey, I see this tobacco business is still
dogging you. Do you know whether the AGE has been
asked to have a look at the situation? Is the
Age you looking at it?
Speaker 4 (05:52):
Yet?
Speaker 5 (05:54):
Oh?
Speaker 3 (05:54):
I don't know. The story basically was the isaveral rote
to the Age and that's as far as I know,
And I didn't even know she'd written until media sort
of reached out to me asking for an opinion on
the fact that she'd written, so ok. But as I've said,
I'm welcome if it put it to bed and we
can actually get back to focusing on getting people quit
(06:14):
smoking and be happy.
Speaker 2 (06:15):
All right, Hey, Casie, thanks for talking us through it
to really appreciate that it's case Costello, the Associate Minister
of Health. Now listen on this business with the order
to General the ag. Labor is the one Ashia Verel
is the one who's asked the order to General John Ryan,
who I have a lot of respect for, to investigate
Casey Costello's decision to cut tax on some of these
tobacci products because they think this is labor. They think
(06:37):
that there are signs of industry influence here, and actually,
I think fair enough to look into this now. I mean, personally,
let's get a straight I don't care about the tobacco
story because I think we've gone way too far cracking
down on tobacco products, and we've completely lost our sense
of proportion on this stuff, like we're just like, now
you smoke evil, al punish like that's ridiculous. But I
do think that labor raises some very interesting questions here
(06:58):
which are worth looking into. The company that stood to
benefit the most from the tobacco cuts is Philip Morris.
Two of Philip Morris's executives current executives, used to work
for New Zealand. First, David Broom and Upy Dawson. I've
come across both of them. Neither of them were working
(07:19):
in like a junior capacity, do you know what I mean.
It wasn't like what Uppy hoo. No, Uppy and Winston
no each other. David and Winston know each other like
they were tight. These guys were right there in the
inner sanctum. Now it is a little bit curious to me.
I'm not trying to draw any kind of connection to
(07:40):
Winston here. It's just Winston's next the center of the power,
and these guys were there. I'm trying to just indicate
to you how important these guys are to the funk,
were to the function of New Zealand first back in
the day, how senior though were Now it is a
little bit curious to me that both of these guys
were very tight with New Zealand. First, have gone off
to Philip Morris, and suddenly Philip Morris is getting all
the bens if it's here, So I think it's worth
(08:01):
having a look at it might be something, might also
be nothing, in which case then we can put an
end to this and stop talking about this stuff, which
is quite frankly boring. Quarter past.
Speaker 1 (08:13):
Digging deeper into the day's headlines, it's Heather duper c
Allen drive with one New zealand one giant leap for
business us dogs. That'd be sport with the new tab
app downloaded today R eighteen bed responsibly.
Speaker 2 (08:28):
Darcy water Grave sports talk hosters with me, Hello.
Speaker 6 (08:30):
Darce, never lit Blizzy Allen?
Speaker 2 (08:32):
Now, what's what is this? Is there a problem with
the pitch? Are they trying to dig the pitch for us?
Are they trying to are they trying to skew the
prep pitch? What's going on?
Speaker 6 (08:42):
Slip of the tongue there? What happened when England was
over there and beat them in the first Test a
couple of years ago in a five Test series? The
next four wickets were diabolic. They really didn't take it
very well. Yeah, so pun It's only been played on
twice before, and first time that they were beaten by
three hundred and thirty three runs. The second time they
(09:05):
played on it they won comfortably and who scored a
double sentry, their rock star with the I've just completely
forgotten his name.
Speaker 2 (09:19):
Are you asking me to Indian score?
Speaker 6 (09:25):
So what they're going to do now is they believe
it's going to be low and slow, and it's rolled
and flat, and it's made of black mud, so it's
going to be difficult to score off, and they're going
to load their side up with spinners. But last time,
in that very first Test match, the test umpire said, look,
this is not fit for purpose. This is the most
(09:46):
awful it was over in three days.
Speaker 2 (09:48):
How do you Because apparently what they're doing there is
they're trying to prepare the pitch so that our fast
bowlers don't actually work that well there, how do you
do that? What do you do to the pitch?
Speaker 6 (09:57):
You deedn't it so it doesn't have the same that salary.
Speaker 2 (10:00):
Come out with that like road rollers or something.
Speaker 6 (10:03):
Well, they can roll as flat as they want. They
can make it more dull for the bounce. The problem
here is trying to fight what we've gotten the pace department.
Willow Rock, he's extraordinarily tall. Well, that's a home test.
That's what happens.
Speaker 2 (10:20):
You prepare, we do this kind of stuf gold there.
Speaker 6 (10:24):
What we do is we wait till we get a
subcontinental team right in their first test, we send them
to the need and they freeze to death after the
second day. It's cruel, but that's what it's all about.
It's the home advantage. But will I Rock, It's got
such a ridiculous high arch. He's so tall the steeples.
It comes down from a great deal of height. If
anyone's going to extract anything from the deck, it's going
(10:45):
to be him. Remember last time, they think, when the
toss this time and you will have control of the match,
which is what happened last time. The Indians won the
toss and they have any control and they fell apart.
And I suspect, and I might be horribly wrong here,
that the pressure on board the Indians to win this
Test series so they can establish a position in the
World Test Championship Final, which they should do with the
(11:07):
rage of the players and the rage of the crowds
and the expectations coming at anything in that situation, if
you approach anything with anger, doesn't work out well.
Speaker 2 (11:18):
No, which is good to had our advantage again.
Speaker 6 (11:20):
And I think the new Centlander just sit back. SUPERCLM
game it's on you guys know what have you got.
I'm really looking forward.
Speaker 2 (11:25):
To say, I'm fascinated by this, what's going on with rugby.
So the former RA boss a chair up this is
that they should be poaching talent from NRL, which actually
is not a bad idea, right because the NRL plays
that game is fast. Man, it is good.
Speaker 6 (11:40):
We've had issues before though with NRL players that have
come across. Some have been very successful, some have not
been successful at all. The general callers sort your grassroots out,
start building rugby players from the bottom up, and you
should be okay. But they've been working on that.
Speaker 7 (11:57):
For twenty years around.
Speaker 6 (12:00):
So you look at the success stories outside of his
social media presence. Israel Flower huge success story. It's fantastic.
You go back a few years. Rogers came out of
rugby league. He was fantastic. Games changed a wee bit now.
Wendel Sailor came out of a rugby league, fantastic rugby player.
Over here, we've had Sonny Bill Williams who transferred particularly well.
(12:20):
Rods Ti Vasishek didn't. He got to the All Blacks.
But I wonder if that's the case of you all
that good or INDs and I felt they had to
because they got him over here. They might be gross downfair.
I think they put him in the wrong position. Benji
Marshall came over the then coach of the Blues and
let him play in the NPC, so when he turned
up to play for the Blues and Super Rugby Proper,
he had no idea what he was doing. That was
(12:41):
an absolute disaster. The used to call him Benchie Marshall
because he's been all this time on the bench, so
it is fraught. But Joseph sua ALII is the new
guy and cost him about five million bucks. But they
think the effect that he's going to have on the
game in Australia is huge. Theorizing and he can hear
more because I've spoken with Hams mclenan. He'll be on
(13:02):
the show up after seven tonight. Is that someone like
Cleary has done everything you can in rugby league. There's
a World Cup in Australia and our last time and
he could be the sager.
Speaker 2 (13:12):
Oh here's a text for us, get a grip. Poaching
league players is like getting drafts players to play chess.
Speaker 6 (13:19):
But the thing some of them have been really really successful.
You can't deny that some of them been out failure.
I don't know. It's still a similar shape ball, it's
a similar game. And thank you very much for your time.
Speaker 2 (13:30):
Darcy wauterograp We'll be back at seven for sports Talk.
It's four twenty three.
Speaker 1 (13:34):
Heather Duplicy Allen cutting through the noise to get the facts.
It's Heather Duplicy Allen drive with one New Zealand. Let's
get connected and you talk as they'd be.
Speaker 2 (13:45):
Heather NRL is for simpletons. Five tackles and a code
Hunger tackles, code Hagar tackles, No brainer, goodon, no goodon.
You are so wildly off the mark. So I have
a friend, a lady friend that's immediately going to reduce. Obviously,
you know your respe for many many much respect for
the comment that follows, because you know, women in sport,
what do they know? They just to day in the kitchen.
(14:06):
But my friend said to me, she loves sport. She
said to me, I can't watch rugby union anymore because
I just I watch rugby league and it's a faster
game and it's a better game, and I that's all
I want to watch. And so I was like, oh,
you're just so annoying. She kept saying the same. I
was like, boring, boring. Then I started watching the Warriors
and it spoiled rugby union for me. I get really bored.
Rugby league is not for simpletons. Rugby league is for
(14:27):
people who like a visual sport that's actually really fascinating
to watch. Rugby union ooh geez, big problems going on.
They're big problems anyway. Listen for twenty six the banking
inquiry has kicked off at Parliament and the first one
who was up was at A and Z's boss and
Tonia Watson. She faced the heat to be fair that
she didn't get that much out of her She reckons
(14:47):
there isn't a lack of strong players in the market.
Speaker 8 (14:50):
Our market does not have little to know a competition.
Our staff are going out every day to win customers.
Speaker 2 (14:55):
She disagrees with the claim that Kreweibank needs support to
become a maverick player and disrupt the big bank.
Speaker 8 (15:00):
Say a winning twenty five percent of home loans in
business banking at the moment, that is significant competition.
Speaker 2 (15:06):
And then she was asked how much she gets paid
and she said ooh, it's about two and a half millie,
but not sure.
Speaker 8 (15:14):
It might be easy to do in writing, because as
I said, it is very complex. We have pages and
pages of it on our own, reporting things in various
different ways.
Speaker 2 (15:21):
To be fair to Antonia, you probably stop counting at
about five hundred, don't you? Once you had the five
hundi mark? What do you need to know?
Speaker 9 (15:29):
Like that?
Speaker 2 (15:30):
Everything else is just money that you're going to put
into investment property in the shares, isn't it. So there's
a point at which you're like, I don't know, I
don't know how much I get paid anymore? Do you
know what I mean? She's in that, she's in the
baller league. Anyway, We're going to talk to Stuart Smith,
who is the chair of the Financial elect Committee. These
with US ten plus five here. The successful businesses do
not put all their eggs into one basket, and no
(15:51):
savvy business owner would rely on one contract to support
their entire business. It's apropos the school's lunches. It's a
fair point.
Speaker 4 (15:58):
Headlines next, hard questions, Strong opinion.
Speaker 1 (16:03):
Heather duper c Allen drive with One New Zealand let's
get connected and used talk as they'd be.
Speaker 2 (16:10):
The thing that I've gone Barryspers in US and ten
minutes time and Dan Mitchison in the US standing by now. Look,
other councils around the country are starting to feel who
just the old jitters, aren't they? After the government decided
to intervene in Wellington City Council yesterday. And the reason
(16:31):
they're feeling the jitters is because they are doing the
same thing as Wellington City Council. So a lot of
councils apparently have decided to pay for their water infrastructure,
which frankly is shot up and down the country through
the rates by basically putting it on current rate payers
instead of using debt, which is the thing that Simon
Brown is upset about. And one of those councils is
Lower Hut and Campbell Barry, the mayor of Lower Hut,
(16:55):
is going to be with us after five o'clock to
talk us through that on the subject of Wellington Tory
and I don't I'm not going to do a beat
up on Tory day to day because we've had a
lot of those. We can be great.
Speaker 10 (17:08):
Is this a new policy?
Speaker 2 (17:09):
Is it it's only for today? And really let's be
honest about it's only for about the next two minutes,
because God only knows what she's going to do in
about two minutes time, and then I might change my
mind altogether. Yes, thanks for being cynical land true though.
Speaker 11 (17:21):
I think.
Speaker 10 (17:21):
Yeah, one rest day a week, I think is the
next week and home a.
Speaker 2 (17:23):
Rest day, and on the seventh day he rested and
was refreshed. Tory has very bad political judgment. I just
want to point this out to you because she has
been busted liking some Instagram posts that are pretty anti government.
One of the posts describe the government intervenual intervention as
a hit job, and she went l like, and another
one suggested that Simme and Brown and all his mates
(17:44):
in the beehive are corrupt politicians, and she went late, Now,
you only like something because you agree with it, right,
either the sentiment or the actual like basically the sentiment
or just the feels. I don't really know what she's
agreeing with. Her office apparently are not all that happy
that the media are running stories about her liking on Instagram.
The problem is what it's a legitimate story because she
(18:05):
has gone public saying, you know, we welcome the indiventional, absolute,
it's absolutely fine, we really need the help, blah blah blah.
And then she goes on Instagram and likes things that
suggest that she thinks that Simon Brown is in fact
corrupt and doing a hit job. So if she's going
to say one thing but then on the other hand
agree with other sentiments, that's legit. So anyway, maybe the
advice to to Tory is stay off the source, but
(18:28):
also stay off the social media.
Speaker 9 (18:31):
You know.
Speaker 2 (18:31):
We we'll talk about this a little bit later on.
And of course Campbell Berry's with us just after five.
It's twenty two away from.
Speaker 4 (18:36):
It's the world wires on news talks. They'd be drive so.
Speaker 2 (18:40):
US Secretary of Saint Anthony Blinkol has made his eleventh
trip to the Middle East since the start of the
Garza War. He's had a two and a half hour
meeting with Israeli Prime Minister being Himanett and Yahoo and
here's what he said after the meeting. I believe very.
Speaker 12 (18:52):
Much that the death of Sinoar does create an important
opportunity to bring the hostages home, to bring the war
to an end, and to ensure israel security. And that's
exactly what Our conversation is today focused.
Speaker 2 (19:06):
On Indian Prime Minister Arendramodi. Chinese President of Shijingpeng and
a number of other world leaders are attending a summit
hosted by Vlad in Russia. It's the largest gathering of
world leaders in Russia in decades, and a Eurasia expert
says this will be a huge ego boost for Pouti.
Speaker 13 (19:22):
You know, this is a guy whose official travel has
been to places like Mongolia and North Korea lately, so
having leaders of major countries show up is important.
Speaker 2 (19:34):
And finally, an Australian woman got stuck upside down between
two boulders. She was there for seven hours, and the
reason she was there for seven hours upside down between
two boulders was because she tried to rescue her phone.
So she dropped her phone and she's hiking in the
Hunter Valley and then she got self trapped in this
crevice trying to get it out again. Now, fortunately her
(19:55):
friends were able to call search and rescue and she
was freed after seven hours with an major injuries, but
didn't get a phone back.
Speaker 1 (20:03):
International correspondence with Ends and Eye Insurance. Peace of mind
for New Zealand business.
Speaker 2 (20:10):
Jan Mitchison, US correspondent with US.
Speaker 4 (20:11):
Now, Hey, Dan, Hey there, Heather.
Speaker 2 (20:14):
On a scale of one to ten, how badly are
Kamala Harris's campaign panicking?
Speaker 9 (20:19):
Boy?
Speaker 14 (20:19):
I guess it depends on who you ask. I mean,
we've got two weeks from tonight we're going to be
talking about this, you and I and we may have
a very good idea who's going to win the White House.
But right now, I think they're pretty confident that over
the next couple of weeks, Donald Trump is going to
continue to be Donald Trump. And while he's doing that,
I think Harris is going to try to pain herself
(20:40):
as more presidential and you know, she's going to be
having symbolic backgrounds and make sure that she can win
each of a handful of swing states that will decide
this election, you know, six or seven states, right.
Speaker 2 (20:50):
So what is she going to be able to do
because the problem for her is the margins are so
thin that he is likely to beat her on the night.
So what's she going to do to widen those margins
out in her face?
Speaker 14 (21:00):
I think she's going to again try to act a
little bit more presidential. I think she's going to spend
a lot more time in these half dozen or seven or.
Speaker 4 (21:08):
Eight states or so.
Speaker 14 (21:09):
And I think that there are a lot of people
right now that, like you said, aren't going to believe
that this race could still be tied two weeks from tonight.
But the battleground states are where the presidency will be won.
And I think you're just going to have to be
on your a game. And while Trump will be Trump
rambling all over the place and unpredictable, which will get
him coverage. I think Harris is hoping that she's going
(21:31):
to look more the part than Trump's been in the
last couple of weeks. So, you know, serving French fries,
which was a great photo op at McDonald's, but also
got a lot of backlash too, I think for people.
Speaker 2 (21:40):
Yeah, but again the backlash, I mean, I feel like
I repeat myself and it's boring to me. I'm sorry
about this is probably boring to you too. But it
doesn't matter whether the priest is negative or positive. For Trump,
it's place right and so if we're talking about him,
we're not talking about her.
Speaker 4 (21:55):
It works for him, No, it does.
Speaker 14 (21:58):
It seems to do that. The only thing I can
say that that's changed in recent months and we mentioned
this number of times on your shows that he seems
a little bit more tired. I don't think he seems
to have the energy that he has moving forward. But
he's still getting coverage. It doesn't matter what he does,
good or bad, what he says, he still makes the
front page of the of the you know the paper.
Speaker 2 (22:18):
Hy So tell me about the former boss of Abercrombie
and Fitch.
Speaker 14 (22:21):
Oh, can I just tell you there was smoke about
a year ago, and you know where there's smoke, there's
going to be fire about this too. I mean there
was his CEO, Mike Jeffries and a couple of others
were arrested today for alleged sex trafficking. And I mean
this is an international sex trafficking and prostitution business. They
recruited young guys for parties here in the US and
other countries, and you know, allegedly paid dozens of men
(22:45):
to travel around the world to engage in these acts
over the last six, seven, eight years. And they were
led to believe these men that they were going to
attend these events and they would get modeling opportunities. So
last year the company said, you know, we hired it.
Now law firm to conduct an independent investigation. They got
a report from the BBC. That's when the smoke started
(23:05):
going up. It took twelve months, but then it just
all blew up today and there was a huge fire.
And so these guys are going to be a rain
later this week in Friday, I believe.
Speaker 2 (23:14):
Okay, Rudy Giuliani.
Speaker 14 (23:17):
Oh all right, so we know he was America's mayor, right,
So the judge today has said, you've got to turn
all over everything. I mean all your valuable possessions, your penthouse, apartment,
basically everything he owes to these election workers in Georgia
who counted the ballots back after the twenty twenty election,
and he would have famed and he owes one hundred
(23:39):
and fifty million dollars right now. So he's having to
give up I mean everything from watches that he was
given by European leaders to his home and a sports
car that he was given from Lauren.
Speaker 15 (23:50):
But call and where do you go from here?
Speaker 3 (23:52):
Heather?
Speaker 14 (23:53):
I mean, this guy has lost everything to hawk and coffee.
But I think this just goes to show you that
all these people that have surrounded themselves around Donald Trump
seemed to get caught out, but you know, the taflon
don just remains kind of as popular as ever with him.
Speaker 2 (24:11):
It's bizarre. It's bizarre how many people around him fall down. Hey, Dan,
thank you was always appreciated.
Speaker 9 (24:15):
Mate.
Speaker 2 (24:15):
That's Dan Mitchinson, a US correspondent. Listen yesterday on the program,
we were talking about Andrew Bailey, right, Barry and I,
and we discussed the fact that Andrew Bailey, he said
he hadn't had a drink at the brewery, and he
hadn't had a drink at the vineyard, and he better
be absolutely sure of that, like he must. It must
be true, because otherwise a photo would emerge with him
with a drink in the hand, and that'd be a problem. Well,
(24:37):
he returned to the house after ten o'clock last night
to correct the record.
Speaker 16 (24:41):
Honorable Andrew Bailey met him speaker.
Speaker 17 (24:44):
I was asked today had I had any alcohol with sorry,
had I had any alcohol.
Speaker 16 (24:51):
At the bear Gun or the winery I visited that day.
Speaker 17 (24:55):
I took this to mean whether or not I'd had
any alcohol prior to the incident that led to the complaint.
Speaker 16 (25:02):
Therefore, I correctly answered no.
Speaker 17 (25:05):
However, for the avoidance of any doubt after the incident
and at the end.
Speaker 16 (25:10):
Of the day I had a small wine tasting.
Speaker 2 (25:13):
Good thing to correct that and make sure that's absolutely clear.
Obviously journos wanted to know more, so they hit him
up afterwards and they wanted to know whether he'd returned
to speak to the worker, which remember he came back
and chatted to the work another couple of times, and
they come have a drink a beer?
Speaker 9 (25:24):
Have I drink?
Speaker 15 (25:25):
What?
Speaker 2 (25:25):
They They wanted to know whether that had happened after
the wine tasting.
Speaker 17 (25:29):
I had not had any alcohol, pride to my interactions
with the individuals.
Speaker 2 (25:35):
So when did you have alcohol right at the end
prior to leave? You say so, after you'd gone, after
you'd gone back and talked to that individual twice and
told them to come and have a drink with you.
Only then did you have the wine tasting. Yes, very sop.
Speaker 1 (25:48):
Next politics with centrics credit, check your customers and get payments, certainty,
very so.
Speaker 2 (25:53):
Pre senior political correspondence with us Barry, Hello, good afternoon.
Has so those raids on the mangro of that happened
yesterday that come up in Parliament today.
Speaker 18 (26:00):
Yeah, they were fantastic, weren't they It just goes to
show that the police really are taking the gangs very seriously.
We had the common cero's all, most of them in
christ Church being arrested. Now we've got the Moneies, particularly
a Polto key they looked at and they raided there.
And I mean there's almost bloody wall zone out there
(26:20):
if you look at what they pack up in these raids. Rifles, pistols, cannabis, methamphetamine, cocaine,
eight hundred thousand dollars worth of property. I mean it's
quite incredible. Well, in Parliament this afternoon, the Maldi party
leader I Well rewaited tea. He wanted to know why
Maldi weren't given advance notice of the raids. I would
(26:43):
have thought that would have been obvious, because he says
women and children have been left traumatized by them. Policemanister
Mark Mitchell, though, was making no apologies for them.
Speaker 19 (26:54):
I've been to a Potocue several times and have met
with local Evian Habu, the mayor and counselors and gang leadership.
Speaker 16 (27:01):
All of them expressed to.
Speaker 19 (27:02):
Me a strong desire for the town to take a
different path than the one that it was on. And
I hope that yesterday will be the circuit breaker a
podoke needed.
Speaker 20 (27:10):
If this government's objective is to crack down on gangs,
why then with Taminiki comar tour mother's best beeting baby
subjected to the police range yesterday in Portuguese and now
are fearful that police actions are targeted, calculated and planned
to create an unsafe environment.
Speaker 19 (27:28):
Well, we don't want Tom Ricky being in a gang environment.
It's not the police officers that choose to keep weapons
and drugs in the houses.
Speaker 16 (27:37):
There's those gang members that choose to do that.
Speaker 7 (27:39):
I'd say, here here to that guy has deluded.
Speaker 18 (27:42):
Well, I'm so sorry if family members have to be
around when this sort of things happen.
Speaker 2 (27:47):
I mean I think they're around. Like, let's be honest
about it. If you're living in a house with a
mongrel mob gang member.
Speaker 7 (27:54):
And there's rifles and money, I.
Speaker 2 (27:57):
Think the police rate is the least of your problems.
Speaker 7 (28:00):
And if you were thinking about your kids, you wouldn't
be in that.
Speaker 2 (28:03):
No, and it is hardly the most violent thing that
you'll be subjected to it on a weekly basis. Okay, weird,
So whenever he's courting a weird vote, here isn't.
Speaker 7 (28:12):
He Well, yeah, I'm not quite sure what he's.
Speaker 2 (28:14):
Courting, because courting the gang vote.
Speaker 21 (28:17):
Well, your but.
Speaker 18 (28:18):
Gang members are what about eight thousand gang members in
the country. That's not going to put you back into parliament,
is it.
Speaker 2 (28:23):
No, it's not big, But then again the numbers and
the Marii electric is probably not that big.
Speaker 18 (28:27):
I would imagine there wouldn't be a lot of sympathy
out there broadly in the Maldi community for these gangs.
Speaker 2 (28:33):
Listen, what was there some protest about the anti worker
government about today?
Speaker 18 (28:37):
Well, if you listen to the CTU from fang Array
down to win for Cargol, around ten thousand people turned
out across the country basically saying that the government is
launching ongoing attacks against workers. There were a thousand people
gathered here in Auckland and the Aita Square this afternoon.
(28:59):
Labours Camilla Balich she made something of a misfire in
Parliament this afternoon when she asked the Minister of Workplace
Relations Brook van Balden, whether she agreed with the protest
that that was the worst government in decades. Not surprisingly,
she didn't. Balich clearly got more than she bargained for.
Speaker 22 (29:19):
Though The most anti worker government we've seen in decades
is the previous government. It was the previous government that
ordered vaccine mandates for workers. Never before have we seen
the rights of workers across this country be eroded so swiftly.
Not only did this a roague workers freedom of choice
and bodily autonomy. So many people were forced out of
(29:41):
their jobs because the government refused to look at other
options like rat tests. Rather than listen to those affected workers,
the previous government pushed them to the margins of society.
Speaker 2 (29:52):
Not about arguments. Remember when old j Justinda and shed
be loved punching down.
Speaker 7 (29:59):
That's right, you need to beget those loved.
Speaker 18 (30:01):
It reminded me when Brook van Velden stood up to
reply to that question.
Speaker 7 (30:06):
I thought, yeah, that's right.
Speaker 2 (30:08):
Very very quickly. Yep, one fewer electric seats there will
be because of Has this got to do with the
fact that the North Island has to have a certain
number compared to the South Island.
Speaker 7 (30:17):
Well, it's the census. It's basically numbers.
Speaker 2 (30:19):
That's where people are living.
Speaker 18 (30:21):
So the sensors have shown that clearly the North Island
is overpopulated with seats, So there'll be one fewer seat
this coming election where it's going to be. I tried
to find out, of course, through the bureaucracy, but I've
got so many press secretaries in it it's very hard
to get pin one down to find out what's going on.
Speaker 7 (30:40):
But there will still be one hundred and twenty seats.
Speaker 2 (30:43):
Because a be replaced by list MP Barry, thanks very much,
very so for senior political correspondent seven away from five
putting the.
Speaker 1 (30:49):
Tough questions to the newspeakers, the mic asking.
Speaker 23 (30:52):
Breakfast, when does compare up and say sorry, because it
looks like you can provide school lunches at a much
cheaper price and with less waste, and they look more
than good enough to week to meet David Seymour's with us.
Speaker 24 (31:02):
I think what has seen done is actually quite amazing.
But it's not really me that's done it. I just
let a group of people get on with it. All
I've donet is bring together a group of people, business,
voluntary sector, government and say here's a big target three dollars.
Speaker 11 (31:15):
Can we do it?
Speaker 24 (31:15):
Given those conditions they've underway and basically if later it
adopted this model five years ago, the total savings to
date would be eight hundred and sixty million dollars. Instead,
we have eight hundred and sixty million more debts that
ironically that children getting the lunches will have to pay back.
Speaker 23 (31:28):
Tomorrow at six am, the Mike asking breakfast with the
Rain drover of the Lahne News Talk ZB for.
Speaker 2 (31:34):
Away from five listen. This is a fascinating though. This
fascinates me. It might be a little bit beltweyh, so
I apologize, but I'm fascinated by this. Okay. So, aarn
ZED Radio New Zealand, publicly funded radio station pulled an
episode of a podcast because it didn't think that it
was fair and balanced to blow. It just didn't It
didn't align with its sedatorial standards. The podcast was an
(31:55):
episode that Anneka Moore had done. It's her podcast with
Kitty Allen and and orinz. It were being a little
shady about why it got pulled, and then some media
asked for the information under the Official Information Act. And
this is the bit, this is the bit where they're
discussing Chris Luxen that gets the podcast canceled.
Speaker 25 (32:14):
It could have been anyone, right, any white pale mile style.
It could have been any white like literally, anyone could
have been my granddad. You know, you know, people wanted
to vote for National because they were sick of Jasinda
and labor and that's just the fact. Yeah, not me,
of course, I'm just want to feel talking for the people,
(32:36):
the fathers.
Speaker 9 (32:39):
Yeah.
Speaker 4 (32:39):
Look, so I don't think Chris Luxon is a bad guy.
Is that that bad?
Speaker 2 (32:43):
I mean, that's that's just an opinion like that. So
Anika's opinion as people just vote for himkids as a
white dude.
Speaker 9 (32:49):
That's not that. What's it?
Speaker 2 (32:50):
What's offensive about that?
Speaker 9 (32:51):
I mean?
Speaker 21 (32:52):
Okay?
Speaker 2 (32:52):
Anyways, They then go on to discuss Keeddy Ellen getting
into politics and Kitty says she was caughted by a
bunch of a bunch of parties, and Anika says, is
that because they were wanting to top up the colors
add a bit of brown to white town? Well again,
whatso I mean like political parties do court different like diversity? Anyway,
we'll talk about this latter because I don't know what
the problem here is news talk ZEDB.
Speaker 4 (33:18):
Pressing the newspakers to get the real story.
Speaker 1 (33:21):
It's hither duplicy Ellen drive with one New Zealand let's
get connected us.
Speaker 4 (33:26):
Dog SEDB.
Speaker 2 (33:30):
Afternoon. There are ongoing questions about the Government's reasons for
intervening in Wellington City Council, given that one of the reasons,
which is that the council is using rates to pay
for pipes rather than debt to pay for pipes, is
something that actually plenty of other councils are doing as well. Campbell,
Barry is Lower hutsmeare and with us Hey Campbell Hi
Hever does your council do it too?
Speaker 26 (33:50):
Each council is different, However, it's not uncommon, given council's
financial constraints in the structure that we have to operate within,
for rates to be somewhat loaded to pay for the
obstructor investment we need to do. So, it's not uncommon,
and I would say a number of particularly growth councils
would be in a similar position.
Speaker 2 (34:08):
How many of them are doing it to the extent
that Wellington City councilors though, I mean it's ninety four
percent rated and only six percent loaded on debts.
Speaker 26 (34:16):
I wouldn't be able to say without going through the
detail on that. What I would say, however, is the
solution is in water reform, and one of the solutions
which the Government has put on the table for Councils
was announced in August and unless Wannington City Council was
a time traveler, they wouldn't have been able to implement
that in their long term plan in June.
Speaker 2 (34:35):
Well, that is what you're talking about. There is the
fact that the government gave us in August the option
to be able to put it through this cheaper debt.
Speaker 26 (34:43):
Yeah, yes, that's right.
Speaker 2 (34:45):
Okay, But that doesn't mean that's the only debt available
to Wellington City Council. There was always debt options. They
could have just gone and got debt.
Speaker 26 (34:53):
I think there are a number of options for councils
and how they choose to prioritize and fund their work programs.
The question from me for me is as that grounds
for intervention, because that means that there are a number
of other councils potentially who could be staring down that barrel.
So that that is a concern and I think that
it's one worth raising around.
Speaker 2 (35:11):
This clearly as though not just that, right, this is
just one factor. There are a multitude of problems there though,
wouldn't you agree?
Speaker 9 (35:19):
Oh?
Speaker 26 (35:19):
Look, I think the issues in Warlington City Council have
been well canvassed. I don't need to go through them.
Of course, when you create a significant financial hole in
your long term plan a few months after passing it,
I think that's always going to be something that draws
the attention of government, No question, Campbell.
Speaker 2 (35:35):
It sounds to me like you don't buy the government's
reason for intervening. Is that fair?
Speaker 26 (35:41):
I don't buy the reason which says you did not
use a tool which we have given you through water
reform in August when they pass their plan in June.
Speaker 4 (35:51):
That doesn't add up.
Speaker 26 (35:52):
What I think should hopefully clear up the matters is
for the Minister to release the advice that he received
from officials so we can all see that and understand
and it's full context.
Speaker 2 (36:01):
Okay Campbell, thanks for that, man, I appreciate it. That's Campbell,
Barry lowhearts.
Speaker 4 (36:04):
Mare Heather due for cellen So.
Speaker 2 (36:06):
Parliament's big banking inquiry kicked off today. The first to
face the grilling was the A and Z boss Antonia Watson.
Stuart Smith is a National and P. He's also the
chair of the Finance and Expenditure Committee running this particular
inquiry and is with us now has Stewart. Oh, good evening,
Stuart fair to say you guys didn't actually get anything
much out of this.
Speaker 27 (36:24):
Well, I don't think we really expected to get too much.
I think was interesting what wasn't answered and some of
the you know, the answers that we got were essentially
not accepting what the Commerce Commission had found in their
market study. And it was really interesting actually when you
start looking at the numbers. They found in fact that
(36:47):
our banks are our big banks are very profitable on
a world stage.
Speaker 2 (36:53):
Yeah, but the bank's counter that by saying, actually, a
twelve percent return on investment is pretty middle of the road.
Speaker 27 (37:00):
Our the A and D has a twelve point six
percent return on equity. I think that's quite high, and
particularly considering it's relatively low risk. I mean, our banks
haven't lost money in twenty nine years, so they they've
had a pretty low risk model, and they've not invested
a lot in innovation, and as the market study shows,
(37:21):
is very little in the way of competition. But that's
what we haven't got any conclusions yet that we're trying
to dig into all of that and get some answers.
Speaker 2 (37:29):
Okay, so what did you actually get out of today?
Was it worth making Antonia fly down?
Speaker 27 (37:36):
Absolutely absolutely? It's new Zealanders need answers. New Zealanders who
are paying their mortgages every day or every week, they
need to.
Speaker 2 (37:49):
Answers. Did you get out of Antonia and the chair
that we haven't got for you in an interview on
the phone.
Speaker 27 (37:57):
Well, I don't think you get the real answers unless
you get them in front of Select Committee. We're going
to get more because we've gotten questions that are going
to them. We will find out what she got paid
last year. She didn't answer that question.
Speaker 2 (38:13):
That's fair enough, though, Stewart, isn't it. I mean, if
you're earning two point five million plus, you've stopped counting,
haven't you.
Speaker 27 (38:21):
I'd be very surprised if a bank, a senior bank
executive wasn't interested in to the dollar and how much
they paid.
Speaker 2 (38:29):
Really Okay, Stuart, thank you, I appreciate it. Well, good
luck with the rest of the banking inquiry. I'm looking
forward to the juicy stuff. That's Stuart Smith, National MP
and Chair of the Finance and Expenditure Committee.
Speaker 4 (38:39):
Heather do for clan.
Speaker 2 (38:41):
Speaking of money, some people are not going to be
happy about this, and they aren't. Bad news today for
fans of Travis Scott the American Rapper. He was supposed
to go, he was supposed to be playing at Eden
Park next Thursday, and with a week's notice he's changed
the day. So it's not going to be next Thursday
at Eden Park now now it's going to be next Wednesday.
And the reason given are logistical reasons, and no, what
(39:03):
does that even mean? What does logistical reasons even mean? Travis?
Does that mean that your concert, your stage hasn't arrived
from wherever you were yesterday Melbourne or whatever? Or does
logistical reasons mean that you managed to actually find the
baller Halloween costume and you've got to get back to
the States for it. What does logistical reasons mean anyway?
That's all we've got anyway. So the fans on Reddit,
(39:26):
the fans have hit the reddit and this is where
people got to complain nowadays, and they are really unhappy
about it. N As you feel sorry for a bunch
of them. One of them says, fuming, I'm a broke
UNI student, booked flights and accommodation day of Now all
of a sudden you're going to have to change it.
And you know what it's like trying to book a
flight on near New Zealand. You booked it for Thursday
going home Friday, and now it's going to be Wednesday
going home Thursday. Jeesu's and you may as well just
(39:47):
for fit that flight book another flight altogether. The cost
of changing your flight is like another ticket. Heather not
Heather Lord? Is they not writing it to me? Personally?
Reddit Comma. This was so unexpected out the gate. I
thought the email was some weird scam at first. Loll
been waiting since I was thirteen to see him live.
He pulls this stunt on a Wednesday that I'm working,
so gutted, can no longer go because the flight's accommodation. Second,
(40:09):
tired of New Zealand getting screwed over by artists who
don't give a damn about New Zealand. The concert scene
is awful here. This is my third canceled show this year,
I'm assuming, says someone it's because Travis wants to get
back to the US for Halloween with time to spare. Well,
it's as good a reason as any because logistical who
knows fourteen past? I guess stop the press, because if
(40:30):
you are a wine lover, this is something pretty special.
You don't want to know about. The Results of New
Zealand International Wine Show were announced on the weekend and
a result that really stood out was the trophy winner
for the Champion pinogree. Why because it's only eleven ninety
nine per bottle right now with the Good Wine Co.
How good is that the trophy winning wine was left
Field Marlborough Pinogree twenty twenty four. This is incredibly, absolutely
(40:53):
incredible that a wine up for grabs at just eleven
ninety nine per bottle could take out a trophy at
New Zealand's largest international wine and it's not hard to
see why because the wine is bloody delicious right think
poached pear, apple, citrus, subtle spice flavors. And if you
order it the Good Wine Co Right now, you're gonna
pay just a dollar per case delivery to your door
anywhere in New Zealand conditions apply. The trophy champion winning
(41:15):
penogree for just eleven ninety nine per bottle one dollar delivery.
How good? Order online right now at the Good Wine
Dot cod on is Zediel give them a call. Oh
eight hundred double six two double six.
Speaker 4 (41:24):
Two Heather do for see ala.
Speaker 2 (41:26):
I got to the bottom of what's going on with
Travis rescheduling his concert. Apparently it's because Auntie Helen is
going out for dinner on Wednesday, and so she doesn't
mind if there's a concert next door on Wednesday, but
Thursday's going to be a problem because she and Peter
at planning to be at home on Thursday. So thank
you Greg for sending that text through eighteen past five.
Now uber Eats is expanding to twelve more towns across
the country from November. Topaul Live in Masterton, Fakatana, you're
(41:49):
all in for retreat, and then in the South Blenheim,
Timaru Ashburton, Warnica, You're gonna get it as well. Owner
of Monsoon Poone and president of the Restaurant Association, Mike
Eagler is with us. Hey Mike, a good afternoon, Mike.
Now not everybody loves the old uber eats, But what
do you reckon? Is this going to be good for
these towns and the restaurants they're all bad?
Speaker 11 (42:08):
Oh I think it's going to be good. Yeah, I
mean we use it, Uber Eats. It's just another, you know,
arrow in the quiver of getting to an audience, and
people need a bit of convenient sometimes and some of
those locations that you've talked about. I can see, you know,
the campgrounds are getting people will be sick of having
snails on the barbecue and order up some muber eats
if you had too many drinks in the sun to
(42:29):
drive to your favorite restaurants.
Speaker 2 (42:31):
Yeah, okay, So as a consumer, I see no downside
in uber eats, right. It opens up all these restaurants
that I can't be theft going to. What's the downside
for restaurants.
Speaker 11 (42:42):
Well, there is a commission component to it, but if restaurants,
I mean it might be five or ten percent soon,
it's not. It's just a nice to have. It's great
to get your brand out to people that maybe can't
travel into the city to try your food, or they've
got other and they can get something to eat. We've
(43:03):
got one of Guy's heir one hundred and city deliveries
of their Vietnamese f has. He's never even been to
our restaurant, but that he likes this one desh and
orders it all the time. So yes, just another audience brilliant.
Speaker 2 (43:14):
Oh, Mike, thank you very much, really appreciated. Mike Egan,
owner of Monsoon Poon, Prisoners of the Restaurant's Association. Thank God.
I'm tired of people knocking the Uber eats.
Speaker 9 (43:22):
Do you know what?
Speaker 2 (43:23):
Can I say this Uber eats everywhere, please, and also
Uber everywhere. If I have to go to a small
town and there's not Uber eats and Uber, I'm always
disappointed because I'm.
Speaker 4 (43:30):
Like, oh, how inconvenient.
Speaker 2 (43:33):
And this is what I had to do in Melbourne,
which actually isn't a small town, so more for me.
But I just couldn't be I don't know, I'm not
gonna make a very strong argument couldn't be fat, And
so in the end would put the little boy to
bed and then one of us would go out sort
of wandering the streets looking for some something to eat.
It's really inconvenient, and had we just got onto Uber eats,
actually I would have solved that problem. That's my own problem, Heather.
(43:55):
Maybe the problem with the Killery Allen comments and the
anikamor comment was that it was racist, agist, and sexist. Look,
that's a fair point, Okay, saying that people only voted
for Chris Luxen because he's a white dude is technically
racist and sexist. That is fair. But on the other hand,
what I think kind of outweighed it for me was
(44:16):
that Anika then goes on to say that maybe the
reason everybody wanted Kiddy and the party was because they
wanted to top up the colors and add a bit
of brown to white town, which is truth. I think
that we need to acknowledge, right, this is what happens
in political parties and businesses now. Literally they look for
people who are women and people who are brown so
that they can make their quotas look cool, so they
(44:36):
could be like, look at this diversity, Well we've got
a woman, yay. I mean, thanks for calling it out,
because that does happen, and thanks for calling out the
fact that they go around basically trying to court brown
MP's brown candidates so that they can have some you know,
can have a bit of diversity in there. So it
was kind of like, yeah, on one end, not so great.
On the other hand, fair enough, But either way, it's
their opinions. Now, why are you pulling a podcast when
(44:58):
it's just full of opinion anywhere? We'll talk to the
huddle when they're with us. Shortly five to twenty one.
Speaker 1 (45:03):
Digging deeper into the day's headlines, it's Heather duper c
allan drive with one New Zealand let's get connected and
us talks.
Speaker 2 (45:11):
That'd be I'm going to get in trouble for saying this, Heather, So,
a pregnant woman knows what a new wine tastes like. Now,
I don't drink currently because I am I'm quite well,
I'm quite pregnant. But as well as that, I'm quite
on one of those people who weirdly has to do
everything to the best of my ability, including not drinking.
But one day we will talk about the fact that
(45:32):
when you are pregnant you actually can drink alcohol. I'm
going to get in trouble for that. We'll talk about
that one day, five twenty four. Go on, then hit
me with a bsover and we'll talk about the science.
Five twenty four. Now, look, I'm going to do something
unusual here, and that is to cut Tory Farno a
little bit of slack. Now, I don't get me wrong.
I'm not saying that she is suddenly smart or capable
(45:53):
of doing her job, or that it wasn't a mistake
to elect do. I still think she's an incompetent flake,
But I I don't think that she should bear the
absolute responsibility for what's going on at Wellington City Council,
nor in fact, do I think that the elected councilors
around the table the rest of them should either, because
i'm What I want to do is point out to
you what a lot of people don't realize, which is
(46:14):
that the unelected officials, the gray suits working in damp
offices behind the scenes, are actually a lot of the
problem here as well. It's a massive problem. Hopefully this
Crown Observer will get these guys to pull up their
socks in a big way too. These guys, the unelected officials,
I don't know if you realize, have been playing silly
buggist to an extreme level at Wellington City Council. The
(46:34):
Chief Executive, the most senior unelected official in Wellington City Council,
didn't tell councilors that she knew for months that a
very expensive project to restore the town Hall had already
blown its budget by nearly one hundred and fifty million dollars.
Just decided it wasn't going to tell them, decided that
the democratically elected people didn't need to know. She then
also drew up rules earlier this year blocking what information
(46:56):
those councilors could ask for again, decided that the democratically
elected councilors just weren't allowed to have certain information. She
would decide what they could see, and then her staff
also refused to show counselors legal advice on the Wellington
Airports shares sale, just flat out refuse, like, no, you
can't see the legal We paid for it, but you
can't see it. To this day, as far as I know,
counselors are still confused about how much money they are
(47:19):
now short on now that they have overturned that airport
sales decision. They it's somewhere they have been told between
short on no money, short on two hundred million odd
dollars or short on six hundred million odd dollars. Now
that seduced, the council has been playing silly buggers with
them again. There is a lot going wrong at Wellington
City Council. It is not just Tory. It is not
(47:40):
just the money on the pipes. It is not just
the councilors around the table. So I'm going to cut
Tory a little bit of slack, because yes, she absolutely
is a major problem here, but she's not the only
problem either.
Speaker 4 (47:51):
Duplusy Ellen.
Speaker 2 (47:54):
Watch yeah, cold Watch here a little update for you.
We are already where are we. We are at the
cusp of summer, and we are already hoarding coal for
next winter. Genesis Energy has announced it's going to increase
the coal stockpile at Huntley Power Station because it reckons already.
It is widely believed that next winter is going to
be extremely challenging. So its target now is to stockpile
(48:17):
five hundred killer tons five hundred kilo tons of coal
to cover the period between March and August next year. Now,
to put that into context for you, that is more
than double what they've got there right now. So however
big that coal pile is, they are going to more
than double that coal pile.
Speaker 12 (48:36):
Now.
Speaker 2 (48:36):
I just want to say thank goodness that we banned
finding any more of that evil gas in the ground day,
because now that we've got rid of the evil gas
that was ruining the climate, it can really just free
us up to go real hard on burning the coal.
Absolutely excellent decision. I hope today. I hope today that
anybody who sees Megan or Chloe or any of the
(48:57):
other ones who supported that gas decision just goes up
to them and says well done. We're just we're so
excited about the size of the cold stock part for
next year. Yeah. Joel King on squash at the Commonwealth Games.
Speaker 28 (49:09):
Next, the day's newsmakers talk to Heather First, Heather duper
Se Alan drive with One New Zealand Let's get connected
and news talk z be saw me you can.
Speaker 29 (49:23):
Condo condus, you're so high you can't come down. Come
ask you.
Speaker 2 (49:40):
Well, I'm I mean Jesus, if you're a Fletcher shareholder
at this point, you're probably like, why am I still
a Fletcher shareholder? I would ask you that same question,
why are you used to? Because the news continues to
be bad today. Then they announced that their revenue is
down twelve percent in September compared to a year ago.
We're going to and also directors are quitting and stuff
like that. Apparently directors were very humble today, which is
(50:03):
what they wanted to see the shareholders. We're going to
have a chat to the Shaholders Associations Olive Amanda after
six about that. The Huddle is standing by this evening,
we have David Farrer and Dave Latally, so bear with
twenty three away.
Speaker 4 (50:13):
From six hever do for see Alan.
Speaker 2 (50:15):
Now, as we know the Glasgow Commonwealth Games going to
be cut back to ten sports. That means a whole
bunch of sports will miss out, including hockey, seven's, rugby
and squash, which is tough news for Kiwi athletes competing
in these codes. And one of them, obviously is Joel King,
who's won eight Commonwealth Games medals and squash five of them.
Gold is with us now, Joel, Hello, Hi, how are
(50:35):
you there. You don't sound that gutted.
Speaker 30 (50:38):
Oh, you know, it's been bad news for all of us,
but you just got to you've got to crack on. No,
you can't change the decision now, and we've now got
the Olympics that we've just got to try and focus on.
Speaker 2 (50:51):
Yeah, I suppose it's a bit of a consolation prizes
and that is actually going to be at the Olympics, definitely.
Speaker 30 (50:57):
I mean it's throughout my career, you know, which has
been is eighteen years now, it's been the thing that
or squash has always tried to achieve, is to get
to the Olympics. So it's it's I guess a bit
of bittersweet because the Komwath Games. Also for us as
New Zealanders has always been the pinnacle, so it's it's
(51:17):
a bit of a catch twenty two. I think, you know,
there's there's a rainbow on the other side of it,
but you know, the Komwath Games has always got a
special place for us as athletes and also the New
Zealand community.
Speaker 2 (51:30):
The thing is, you were one hundred percent going to
get a medal at the comm Games in Glasgow. How
do you rate your chances though, in a wider field
at the Olympic Games in twenty eight.
Speaker 30 (51:40):
I mean, obviously, you know, taking into first of all,
my age in twenty twenty eight, I'm going to be
thirty nine years old, so that's a spener in the works.
Speaker 16 (51:49):
But I think what the.
Speaker 30 (51:51):
Kind of interesting thing about this new campaign, which is
the Olympics, is that it's something completely new, not only
in terms of you know, the first time going for
the Olympics, but for me a complete change in focus.
Speaker 4 (52:06):
You know, normally it's.
Speaker 30 (52:08):
Week in, week out out on the PSA World Tour
focusing on that, but now it's you know, sort of
going four years ahead and working our way backwards to
try and peak for that. So you know, I think
that if the Olympics is anything to go by, and
what we saw even a bit this year is you know,
you quite often see the dark horses come through and
(52:30):
the ones that are expected quite often can't handle the pressure.
You know, it's a it's a total different ball game.
And I think the interesting thing for us, the Comwathe
Games athletes is we've had a bit of exposure to
it with the Koonwathe Games. For some of the other
countries they've never even played anything like that comes close
to it.
Speaker 2 (52:50):
So yeah, there's there's.
Speaker 30 (52:52):
A few pros and cons definitely, but yeah, I'm excited
to just give it a go.
Speaker 2 (52:57):
Yeah, good stuff. Hey, Beast of lud Joellen, thanks very much.
I mean you are lessen and keeping your chin up.
That's Joelle King, five time Commonwealth Games gold midlist, So
I guess you don't get to being a gold medalist
that many times over without having some discipline in your head.
Right heither. I drive past the Huntly power station every
single day. I was surprised at how fast they ate
through the pile. This last winter. It was there one
(53:17):
day and then it was gone the next, and now
every day they've got trucks just lining up dumping their
coal there every single day. It's good to see. It
is good to see. I'll tell you why. It's good
to see because the lights will be on over winter
despite the best efforts of our bait Meghan and also
supporters like Chloe. So that's good in that twenty away
from six the.
Speaker 1 (53:35):
Huddle with New Zealand Southby's international realty, local and global exposure.
Speaker 2 (53:40):
Like no other huddle of us this evening. David farre
of Kiwi Blog and Dave Littally Butterbean Motivation. Now are
you two and especially you Dave? First time?
Speaker 21 (53:48):
Yeah, I feel like I've made it problem the big time.
Speaker 2 (53:53):
Jeez, Dave, you've You're very easy to please. Now I'm
sorry that we've ended up with two chaps with exactly
the same name. So you're gonna have to and carefully
because there's going to be It's going to be David
and Dave. Okay, So one of you is casual and
the other one not so want to start with you, David.
Is this government intervention into Wellington City Council looking a
little dodgy to you?
Speaker 9 (54:13):
No, not at all.
Speaker 5 (54:14):
Look, it's probably the most popular thing.
Speaker 9 (54:17):
That could happen in Wellington.
Speaker 5 (54:19):
Uh, people, there's the official reasons for doing that, which
as they've backpacked on their long term plan and you.
Speaker 4 (54:27):
Know rates have gone up.
Speaker 5 (54:29):
But there's a lot of other issues to people think
the councils above a bunch of muppets, so they're just
planning to see something has happened.
Speaker 9 (54:38):
Dave.
Speaker 2 (54:38):
Here you are sitting in Auckland, just sort of ring along,
like do you from from this far away? Have you
got the same perspective?
Speaker 15 (54:45):
Yeah?
Speaker 21 (54:45):
I think when you do as bad a job as
they have done in Wellington, you know has to be expected.
I do a lot of talking and to corporates around
the country, and whenever I speak in Oneington, I always
ask you know, what's what's it like down here? And
a lot of what they say I can't repeat on air.
Speaker 2 (54:59):
Yeah you do?
Speaker 9 (55:00):
You not though, Dave's Auckland look good bye comparison.
Speaker 2 (55:03):
But but hold on, David, I mean, like, don't be
unfair in Auckland, because actually I was talking to somebody
about this today. Wayne Brown is actually, regardless of whether
you look at relativity, doing a really good job, isn't he?
Speaker 1 (55:14):
Well?
Speaker 5 (55:15):
Seven percent rates increases. I would take over twenty percent,
very very happily.
Speaker 2 (55:20):
Yeah, exactly. All right, Dave, do you think that we
should feel bad? Do you feel bad about the fact
that there are businesses will who will have to cut
staff here in New Zealand and will probably have a
really hard time because David Seymol's decided to go with
a big multi net a big global company for the
food and schools program.
Speaker 21 (55:37):
Oh, look, we're all feeling it, not not just these companies,
community group's charities. Everyone's feeling the pinch. I think, you know,
it's good that they save that money. What I'd like
to know is what they're doing with the savings. That's
That's more what I'm interested in.
Speaker 2 (55:50):
Are they building hospital beds and stuff like that?
Speaker 21 (55:54):
Not that I know of.
Speaker 2 (55:55):
What do you think they're doing with the money?
Speaker 4 (55:57):
Dave? Well, so that day with David, there was a.
Speaker 2 (56:02):
Day that I knew it was going to happen.
Speaker 11 (56:03):
That was a day.
Speaker 21 (56:06):
Just call meter being Heather.
Speaker 2 (56:07):
It's okay, I.
Speaker 21 (56:08):
Think it's I think that you know, Look, they're still
they keep talking this pre election about we're taking the
money out of bureaucracy and wanting to put an into
the community as well. We're all still waiting. You know,
we're on the I'm on the ground every single day
and we're all still waiting for this, this investment into community.
Speaker 2 (56:25):
Yeah, David, I feel kind of surprised, and it probably
shouldn't be, but because I feel like David Seymour's got
his work cut out for him with with critics. But
I feel surprised at how much negativity there is around
what is actually a pretty amazing thing to do, which
is to provide the food in schools but on a budget.
Speaker 5 (56:44):
Yeah, lot, it is good that if saved money, but
I guess what it comes down to is that people
probably don't think the governments that committed to the program.
It wasn't actually given forward funding, so the government had
this of thing like, oh, we either have to not
keep with it or we have to find a way
(57:04):
to make it more affordable.
Speaker 9 (57:06):
And there's probably some people who would probably rather that
they hadn't done the savings.
Speaker 4 (57:10):
Et cetera.
Speaker 9 (57:11):
There So, yeah, you're good on them.
Speaker 5 (57:13):
In terms of the impact on businesses, I think it's
a bit like public service cuts. On an individual level,
you feel totally terrible for someone impacted, but at the
macro level, you say, look.
Speaker 9 (57:24):
It had to happen. Money just doesn't open. I come
off trees.
Speaker 2 (57:29):
Yeah that's fair, But I mean I see you've actually
shut down there some the food program you do in
your food bank. Why is that?
Speaker 21 (57:36):
Oh, just too hard to keep it going. We're winding
it down. This will be our last Christmas. After we
do our Christmas event, we're also going to Tikuekia do
the same thing there. It's just too hard to keep
coming up with the money it requires. Is like, I
just can't do it. And yeah, I hope. I'm trying
my best door now to not have to do it.
I'm going around knocking a lot of doors with my
(57:58):
hat out. And so let's see.
Speaker 2 (58:00):
What are you because are you relying on donations?
Speaker 21 (58:02):
Are you donations? Our own money and government funding? So
it's really is a combination of community business and all
governments working together.
Speaker 4 (58:12):
How sure are you a lot?
Speaker 2 (58:15):
Like a lot to me? Well, a lot to me
could could be one hundred backs, it could be one
hundred thousand.
Speaker 21 (58:19):
How should look look if we had at our current level?
If we had I've been I was speaking to a
door today who's going to go around to some of
his rich mates and ask you know, if we had
two hundred and fifty to five hundred grand a year,
we could continue at the level we're doing. But we're
just we're still going to focus on our recruitment, which
is where we're that's what we are. We're hand up,
(58:42):
so we'll still support with everything we're doing there.
Speaker 2 (58:44):
Yeah, that's a lot of money to find. All right,
we'll take a break, come back to you guys in
a tich quarter two.
Speaker 1 (58:48):
The Huddle with New Zealand Southeby's International Realty elevate the
marketing of your home.
Speaker 2 (58:53):
Back of the Huddle, Davi La Teally butter Bean and
also David farabout it being let's start with you on
this one with her Antonio Watson. Right, So the ams
is Bos appears before the Select Committee today and can't
remember exactly how much she gets paid. Is that weird?
Or if you're earning two point five MILLI year around
about then you just do stop counting?
Speaker 21 (59:11):
Oh, I mean when you're earning that kind of money, jeez,
I mean I know every single cent that's coming in
and out of our charity and of our business and
my account. It is weird, But I think maybe it's
the way it's all structured with bonuses, all this type
of stuff. Again, though, you know, what are they doing
with the profits they're making? That's what I want to know.
What are they reinvesting into these communities?
Speaker 2 (59:33):
No, they're giving it to the shareholders, Dave, that's what's happening.
That is why they're going to do it. What do
you reckon, David?
Speaker 9 (59:37):
I mean I want to.
Speaker 2 (59:38):
I feel like I feel like, Look, she earns a
lot of money, right, and a lot of people are
going to be cross with that. But cut some slack.
As Dave says, it is all bonuses and stuff like that.
Who would at her level, who would be keeping account
of that?
Speaker 5 (59:51):
Yeah, look, it's weird for us, but I think it's
very not weird for a bank CEO, partly because she
will be uniar enough that she doesn't check how much
pay has gone into accounting report nite.
Speaker 31 (01:00:04):
I do.
Speaker 5 (01:00:05):
I even though I get paid by my own company,
I always check my pacelet, which weird.
Speaker 2 (01:00:10):
So you pay yourself, but you just you hold yourself
accountable for paying yourself the right amount.
Speaker 5 (01:00:14):
Well, my staff paybe I just trust them by cheat
may be the right amount. But also, yeah, a lot
she will head these twenty percent at rust opinion on this,
on that, and they'll pay every quarter.
Speaker 4 (01:00:27):
So she should have given the answer.
Speaker 9 (01:00:29):
What says, are you know my bases around one point eight?
But yeah, there's stuff on top.
Speaker 4 (01:00:34):
But it's not surprising.
Speaker 2 (01:00:35):
Though, No, no, no, no.
Speaker 21 (01:00:37):
I think sometimes they're too embarrassed to talk about the money.
That's the problem we have in New Zealands. Yeah, people
are too embalocked. Man, if you're rich, it's good, but
for me again, encourage people to be rich and successful,
celebrate that, but not forget the help the less fortunate.
Speaker 2 (01:00:49):
No, no, too right. Listen, David, do you think that
what Anika Moore said in that podcast about Chris Luxen
and about political parties trying to get brown people into
their teams was bad enough to pull the podcast?
Speaker 9 (01:01:01):
No, not not at all. Uh, nothing that we don't
hear from lots of people.
Speaker 5 (01:01:07):
It was obviously when when they first pulled it, I thought, oh,
Kerry Messive really gone over the top, et cetera.
Speaker 9 (01:01:15):
Jio. But what they were saying is not stuff I
agree with.
Speaker 5 (01:01:19):
But I didn't see anything there that would say you
can't run this on here.
Speaker 9 (01:01:23):
Sure you might not run on cheak point but this
was a.
Speaker 2 (01:01:26):
N but I bean, I listened to it, this is
the Orange in podcast, it was pulled. I I'd say
I had puzzled. I had texted friends. I was like,
what happened? How much did these two birds lose their minds?
And then I heard it. I was like, well, that's nothing.
What's up with that?
Speaker 21 (01:01:42):
Yeah? I don't think it's too much of a big deal.
I always do wonder that if it was if it
was someone talking about us, you know, the a brown person,
and that way, would would there be upraw?
Speaker 2 (01:01:52):
So, but there would be And you raise an interesting point.
But I've been what do we do about that? Though?
Speaker 15 (01:01:58):
So?
Speaker 2 (01:01:58):
I mean, if we're prepared for Anika Moore to say
this about a white politician, how do we get ourselves
around to being okay about her saying it about a
brown politician.
Speaker 21 (01:02:07):
If you're okay with that, you've got to be okay
with the other. That's that's that's the whole.
Speaker 2 (01:02:13):
So then maybe so then maybe are we being unfair
on our ins because they are applying the same principle
to themselves. They would not be okay with her saying
that about a brown politician. Therefore they are not okay
with her saying that about a white politician.
Speaker 21 (01:02:25):
Yeah, I think so. I think you have to be consistent.
I mean, if something happened with the brown person, I'll
be the first one online talking about it. So yeah,
you know again, I think it's just being consistent.
Speaker 2 (01:02:34):
Yeah. Maybe.
Speaker 5 (01:02:35):
So.
Speaker 2 (01:02:35):
Hey, how good is it, David to have the Uber
Eats coming to small town? So next time you take
a trip to not An O'wonica, you can get your
MACKI D's delivered to your door.
Speaker 9 (01:02:44):
It's wonderful. I use her is not all the time,
but you're every cup two three weeks when you're busy.
Speaker 5 (01:02:52):
If you're traveling, you don't want to go through and
lock up where all the places are and drive out
to them, etc. You just push a button on your
phone and your food turns up.
Speaker 4 (01:03:03):
That's great.
Speaker 9 (01:03:04):
Even when I say.
Speaker 5 (01:03:05):
At hotels, I don't use the hotels anymore, I just
give I always do embarrassed when they deliver my Uber
Eat to me at the reception of the hotel. But
I take the embarrassment for the fact it's one dude
the price and I can eat in my room.
Speaker 2 (01:03:20):
Okay, but I mean I don't do you.
Speaker 21 (01:03:23):
Use it you use it, and I do also do
it at hotels, but I ask them to save the embarrassment, David,
I just get them to deliver it straight to the door.
Speaker 2 (01:03:36):
So how do they get up the lifts though? Like you,
sometimes you need to swipe key to get up to
the third floor.
Speaker 21 (01:03:40):
Yeah, surely they can. They figure it out. But I'm
not a fan of this only because I mean, I mean,
it's good that it's going to create more business than
all this type of stuff, but again, I think we're
a serious health crisis with obesity and everything related to it.
Making it easier to get crap food is not.
Speaker 2 (01:03:58):
Going to be too write. You can obviously get healthy
things delivered as well. Guys, Thank you, I really appreciate it.
Dave Lettali and David Farrer out out of this evening
seven away from six.
Speaker 4 (01:04:08):
On your smart speaker, on the iHeart app, and in
your car on your drive home.
Speaker 1 (01:04:13):
Heather duper c Allen drive with one New Zealand one
Giant Leap for Business News Talk as it.
Speaker 2 (01:04:19):
Be either, getting Macas to Wanica from QT isn't going
to be cheap. I forgot about that. You can't get
macas and Wanica because It's one of them places, isn't it.
It's one of them places like La Mission Bay. We
don't have McDonald's there too. Fancy, too many fancy people
don't want the McDonald's around. So you probably have to if,
in fact, if you want a big mac, like if
you have a lot of like if you're Antonia Watson, right,
(01:04:42):
and you're in the house and Wonica, and it wouldn't
surprise me if she's got one, because she's a baller,
got a lot of money. And then she's like, you
know what I want, I want a big mac. You
get it from You get it from Queenstown because you
can afford to get that big mac over And it's
the only way you're going to get it because it's
not in your town, is it? Somehow? I don't think
Antonia the kind of woman who would stoop to eating
a big mac. But anyway, do you remember this is
(01:05:04):
some time ago I told you about this business that
was going on down at Otago Regional Council. It had
concocted new rules. Apparently Federata Farmers really upset. Otago Regional
Council concocted these new freshwater rules and they were so bizarre. Apparently,
according to Federated Farmers, they were going to end up
costing the rate payers. They're up to fifty five thousand
(01:05:26):
dollars per rate pay or per household or something. They
have just had to postpone because the government has a
last minute law change to save the situation. We're gonna
have a chat to Federata Farmers about it. After half
past six, I finally got an answer for you on
what happens to Darlene's pay now that she's been booted
out of Parliament. Gone immediately, No two weeks notice, four
weeks notice, three months notice, nothing. It's like and you're out,
(01:05:50):
and the money's gone, and she's hr has already taken
her off the payroll. She loses her salary, her allowances,
her contributions to Super ended yesterday as soon as the
seat was vacant. She does, though there is humanity here.
She does get four extra days of like bits and bops, right,
so she has travel allowance for another four days, accommodation
in Wellington for another four days, and her phone bills
(01:06:11):
paid for another four days. And this is basically to
give her the time to be able to go down there,
pack up her belongings and make the phone calls and
the trips that she needs to do. But that's it
by this weekend. That's it. No more money from the taxpayer.
Shareholders associated. She had fair warning though it's been going
on for a while. Sharehold Association on Fletcher Next News
Talks EB.
Speaker 4 (01:06:33):
What's what's down?
Speaker 1 (01:06:35):
What were the major calls and how will it affect
the economy of the big business? Questions on the Business
Hour with hither Duplicy ALP and my hr on News.
Speaker 2 (01:06:45):
TALKSB Evening coming up with the Next Hour. Brad Olsen
is in Malaysia at the moment. He's going to talk
us through some business opportunities for us over their Milford asset.
Management will talk us through the US earning season, and
Federated Farmers will talk us through why the government finally
stepped in to save the Otago raised payers from potentially
very expensive fresh water plans. It's past six now. Fletcher
(01:07:06):
Building's chief executive and board faced some pretty unhappy shareholders
today at the company's annual general meeting. The new chief executive,
Andrew Reading, had to deliver more bad news if you
can believe it, announcing that revenue was down twelve percent
in September compared to a year ago, and gross margins
were under pressure. Oliver Amanda is the chief executive of
the Shareholders Association and he was actually at the AGM today.
(01:07:27):
Hey Oliver, Hi, Heather, how are you very well? Thank you?
Although jeez, when is this bad news going to end?
Speaker 29 (01:07:36):
Well?
Speaker 32 (01:07:36):
Shareholders of Fletcher Building really hope it ends very soon.
Speaker 2 (01:07:41):
Do you expect that it will end soon?
Speaker 18 (01:07:44):
Though?
Speaker 2 (01:07:44):
Hope and expectation are two completely different things.
Speaker 32 (01:07:48):
They completely are. And look, that was one of the
questions that I did ask today. Look, I think the
thing that really sted out at the meeting for me
was the fact that you the people on the on
the podium to day, they were very humble group of people,
and that's the sort of humility that we have not
seen in a Flectual Building board for a very long time.
Speaker 2 (01:08:06):
How did they demonstrate their humility?
Speaker 32 (01:08:10):
I think they they were very prepared to listen to
what shareholders had to say. They allowed you, you know,
the questions that were being asked were really quite authentic
in terms of what was coming from the floor and
the impact that the that the company's performance has had
on shareholders in terms of their own returns and expectations,
and the company was very clear about taking accountability for that.
(01:08:32):
Board members, individual board members are very clear about taking
accountability for that. Yeah, we know from what we wrote
back in February that since February, the board has taken
significant steps to address many of the kids and the
concerns that we're raised, and that does include the fact
that half the board is now no longer there.
Speaker 2 (01:08:48):
Do you think accountability is part of the reason why
Barbara Chapman is announced she's going to resign as a director.
Speaker 32 (01:08:56):
I think that is a that's a really good question, Heather,
That's possibly it, but also it's Fletcher Building has been
a notoriously difficult company to govern for some time. I
don't think Chapman ever put herself forward as a long
term chair for the organization. I think the board has
listened to shareholders in terms of seeking out experienced people
(01:09:20):
in the building products industry or building materials background that
are probably much more suited to that board. Any board
needs a balance of skills to govern itself effectively. That's
very true. But also when thinking not balance, things don't
go well. And that was the point that was made
by shareholders today as well.
Speaker 2 (01:09:38):
You must know the new chief executive because he was
obviously the chair at the Shareholders Association for Ages.
Speaker 32 (01:09:42):
Yeah, yes, so I know Andrew Redding very well until
August the twenty second, of course he was my chair here,
so that's right.
Speaker 2 (01:09:51):
And tell me about him. Has he got the chops
to turn this thing around?
Speaker 32 (01:09:55):
Well, we would argue that Andrew he knew Fletcher's when
it was good, way back in two thousand and six
when he worked there, and he certainly comes from good
pedigree at that time at a time and the company
was high performing at a time when look, he was
one of the people been running for the top job
(01:10:16):
at that time. So knowing what the company was like
when it's good, balanced with a very heavy dose of
external perspective, and in did to say his own commentary
on Fletcher Building dating from way before I got here. Look,
I think that does provide the new broom that shareholders
have been looking for. And what was really interesting, I mean,
since he's been there in the two short months, since
(01:10:39):
he hasn't nounced the strategic review of the portfolio of
businesses that Fletcher holds. We think it's a really critical
step because Actually that's ultimately about making sure that the
company allocate's capital and the right way allocate's capital into
the businesses that can provide the highest return for shareholders
going forward. And you know he's got a very focused
plan would seem focused on production, cash management, capitalation, closing
(01:11:04):
up the legacy issues that they've had, as well as
that strategic review. So all that sounds really promising and
well hopeful for shareholders to use that terrible word, and look,
we would hope he's being supported by a board that
can give him the support that he needs to undertaker's work.
Speaker 2 (01:11:21):
Yeah, fair point, Oliver, Thanks very much, Olive. Amanda, chief
executive of the Shareholders Association. She's tough times at Fletcher
the Warehouse. Now, speaking of tough times, the warehouse has
had a tough time recently. Obviously what was it. Do
they just a tough financial year? I can't remember if
they made a loss, but anyway, they lost a whole
bunch of money compared to the year before. It's trying
(01:11:42):
to lift its game. It's revealed that there are a
bunch they're doing I think the right thing here. They've
brought a whole bunch of new buyers onto the buying
team and the new buyers have been told to judge
up the product line and basically they're making no secret
of it. They are going to go head to head
with Kmart. This is their plan. They basically want to
design goods and buy goods that are trendier and cheaper
(01:12:05):
so that people will want to And I think they're
aiming at kind of like young women and young mums,
so that these young women and young mums who care
about looking cool but maybe don't have that much money
to go around, will choose to go to the warehouse
instead of going to Kmart. They reckon there'll be new
stuff in the clothing and apparel and home ranges, summer
season stock which hits shelves in the coming weeks, lots
more color, lots more retro looking product. They've got Poppy,
(01:12:28):
which is a teen focused health and beauty range, and
I tell you there's money to be made there and
getting the teenagers to do stuff with their faces because
they're watching the TikTok and all the TikTok girls are
doing and they want to do it. So you know,
there's some cheap stuff for them to buy from the warehouse.
Now they will have ribbed active wear, cute bubble skirts,
new footwear that's a bit more contemporary in the home space,
(01:12:48):
a lot of fun occasional pieces and new dinnerware and
lovely colors and shapes. Now good. Because Kmart's been cutting
their lunch, they needed to step it up. They are
stepping it up. So best of luck to them, because frankly,
I would like the red shed, the old Waddy Fuddy
to do well, wouldn't you. Thirteen past six crunching the
numbers and getting the results.
Speaker 1 (01:13:07):
It's heather due for Sea Allen with the business hours
thanks to my HR, the HR platform for SME on
newstalksb Hey.
Speaker 2 (01:13:15):
We're going to talk luxury goods with Milford Asset Management
when they're with us before this half hour is finished.
Right now at sixteen past six. Now, there's a big
event going on in Malaysia bringing the three regions of
New Zealand, Australia and Southeast Asia together and Informentric's principal
economist Brad also never want to miss a party, is
at this party? Brad? Hello, good afternoon. So you guys
are all there to kind of nut out how we
(01:13:36):
all make money off each other.
Speaker 33 (01:13:37):
Yeah, Oh, I mean I don't think that's the official word,
but that is definitely part of it. I mean, you
look at Asian and the sort of wider Southeast Asian region.
It's important to New Zealand, it's important to Australia, and
so I'm part here as part of delegation with the
Asian New Zealand Foundation to have some of those conversations. Normally,
right for these international things, you get the diplomat to
(01:14:00):
the room, you get the Prime Minister in that in
the room. Those are good conversations. But sometimes you want
to take it down a level. You want to get
the business people, the academics, the policy researchers to actually
sort of talk a little bit more, you know, unhinged
almost about things. But I mean you look at the
numbers and you sort of see why this sort of
conversation is important for New Zealand. Over the last twelve months,
(01:14:21):
twenty six billion dollars worth of two way trade between
Zion and New Zealand. If it was a country'd ab
our fourth largest trading partner. So all of that is
critically important, and especially at a time when we're trying
to grow our exports we're trying to think about who
and how we trade with and diversify our options. So
it's a good conversation be're part of.
Speaker 2 (01:14:41):
So what business opportunities have we got in these regions
that we are not already tapped into. I mean there's
quite a few.
Speaker 33 (01:14:47):
There's obviously trying to continue to upgrade what we've already got.
You know, if we look at what we trade often
into Southeast Asia, it is the traditional exports for New Zealand,
the likes of you know, dairy tourism, fruits and meats
and the like, but also importantly making sure we've got
the ability to get the stuff we need in from
the region, So the likes of a lot of our oil,
(01:15:09):
a lot of our vehicles, a lot of our manufacturing
comes from Southeast Asia into New Zealand. And that's also
coming at a time when, of course, you look at
sort of the security issues around the world, there's a
lot of geopolitical positioning, there's concerns around you know, the
US elections coming up, about a weaker Chinese economy, and
increasingly we're seeing more and more businesses across the world
(01:15:31):
looking to Southeast Asia in terms of manufacturing. So they're
not caught up in too much of these geopolitical issues.
That means that if New Zealand wants to still maintain
good supply chains and good ability to move stuff in
and out of New Zealand and trade with the world,
we've sort of got to be here.
Speaker 4 (01:15:46):
So I think a lot of it is.
Speaker 33 (01:15:47):
About shoring up what we've currently got and ensuring that
we're sort of part of the conversation rather than being bypassed.
Speaker 2 (01:15:53):
Are we all heavily heavily, heavily heavily reliant on China
managing to make this thing work?
Speaker 7 (01:16:01):
In a sense?
Speaker 33 (01:16:01):
I think actually what's come out in the conversation so
far today has been a little bit of a focus on, well,
how do we do it ourselves.
Speaker 4 (01:16:09):
A little bit more?
Speaker 33 (01:16:09):
And that's not deliberately moving away from China or towards
any other area. It's more saying, well, instead of sort
of trying to second guess how every other country in
the world might do their own thing, and the worries
around all that risk, like you say, of having eggs
all in the one basket, How can New Zealand, how
can some of the other partners that we work with,
like Arzion next year. It's fifty years of you know,
(01:16:31):
engagement and diplomacy with the region. That sort of says
that actually, we can work on some quite cool stuff
together that we can think about. Particularly New Zealand's got
some good stuff in the green energy space that Southeast
Asia is looking at. So I think there's a lot
where we're offering up our expertise. We obviously have a
lot of people that come, a lot of travelers from
(01:16:54):
New Zealand to head out to the region as well,
and then it's that sort of the goods and the
services trade. So I think there are some big opportunities.
I mean, you look at the numbers and I think
this is the surprising challenge. New Zealand often doesn't think
as much about sort of let's call it countries five
through twenty in terms of our top ten are or
our top twenty trade opportunities. We think of the few
big ones at the top. It's actually still a lot
(01:17:16):
of those slightly smaller but still pretty big trade opportunities
that we could grow to a whole new level.
Speaker 2 (01:17:21):
Brilliant stuff. Brad enjoy yourself, really appreciate it. Thanks for
talking to us From Malayia. That's Brad Awsome in for
metric principal economists. Listen, there is a bit of a
warning today that we may have to cool our jets
a wee bit if we're getting too excited about an
economic recovery ahead of Christmas. And I'll be honest with you,
I was. I am one of those people because I've
seen the ocr cuts and I thought, that's it, that's it.
(01:17:42):
We're off, We're off and we're running, and it's going
to be a good it's going to be a good
Christmas for retailers. And I care deeply about my brother
who's in that line of work. I thought he's going
to make a mint this year. And then somebody text
me and they were like, hey, by the way, have
been speaking to the freight companies and they are not
seeing that at all. There is no forward bookings, they
(01:18:03):
are not seeing the freight moving and that's just been
backed up to date. That person is right, they know
who they are in Parliament. By the way, Freightways, one
of the country's largest logistic firms, says they are still
not seeing any green shoots in the local economy. They say,
on the bright side, things are not getting worse for them,
but they are not getting better at the moment, and
they reckon it's going to be like this all of
(01:18:24):
the first half of next year, and it's not until
the second half of next year before we see growth,
and then they are calling the growth subdued. So maybe
I mean hope for the best kind of expect it
to be just a little bit bit per you know,
six twenty two, whether.
Speaker 1 (01:18:40):
It's macro, micro or just playing economics. It's all on
the Business Hour with Heather Duplicy, Allen and my Hr.
The HR solution for busy SMEs U stogs b.
Speaker 2 (01:18:51):
Federated Farmers with us in about twelve minutes time. Right now,
it's six twenty four and our third quarter earning season
in the US is kicked off with a hessen a rule,
plenty of volatility and their stuff Bachelor from Milford Acid
Management is what I say, stepf Hi he that okay,
what's going on in the luxury good space because there
was a lot of excitement after the China stimulus announcements,
but that's now faded and it's been overshadowed by pretty
weak earnings. Yeah, yeah, so that's right.
Speaker 15 (01:19:14):
The one of the key areas of weakness for luxury
goods companies over the last year has been China because
it's historically been a very important part of the world
for them, and of course they've got a week housing market,
very poor consumer sentiment, and so the Chinese consumer hasn't
been traveling or spending as much as they would historically.
If we look at Louis Vuitton Mouette Tennessee or ALVMH,
(01:19:34):
it's the largest luxury goods company in the world, and
it's sort of considered a bell weather for the space.
Its share price was down about thirty percent between March
and September, but when the China stimulus was announced, the
market got really excited thinking that Chinese demand would be reignited,
and shares actually moved up twenty percent in just one week.
Following that move, the stock faded again because questions have
(01:19:57):
started to arise around you know, how long it would
for the stimulus to boost demand and by how much,
because it's likely more targeted at a lower income consumer,
which isn't the typical luxury goods customer. And then you
mentioned earnings, so yeah, it was a pretty poor set
of numbers. It's key division, fashion and leather Goods had
revenue four five percent in the quarter, and that was
(01:20:19):
the first quarterly declined since two thousand and nine if
you exclude COVID, So shares fell four percent, and it
dragged a bunch of other luxury names down on the
day too.
Speaker 2 (01:20:29):
Yeah, and then what about the semiconductors, because it sounds
like there's been some winners and losers there as well.
Speaker 15 (01:20:34):
Yeah, so that's been an interesting space last week. ASML,
now this is a company that provides equipment to the
big semiconductor manufacturers. They released their results and showed a
miss on orders as well as a reduction to their
twenty twenty five expectations. So shares were down with fifteen
percent on the day, and it caused a bit of
concern that this AI boom might be starting to fizzle out.
(01:20:58):
But it does seem as though the weakness might might
have been just sort of specific customers or company factors,
because just a few days later, TSMC, which is one
of ASML's customers and is the largest semiconductor manufacturer in
the world, they reported a record third quarter, So it
indicated that, you know, the AI boom is still alive
(01:21:18):
and well, and so TSMC shares rallied ten percent on
the day.
Speaker 2 (01:21:22):
Yeah, any bright spots in the evening season so far
for you.
Speaker 15 (01:21:27):
Yeah, so TSMC is one. But also the big US
banks reported very strong results. They're seeing some green shoots
come through for capital markets. If you look at Morgan Stanley,
they said, you know, we're in the early stages of
the multi year capital markets recovery, and so corporates are
getting more comfortable thinking about mergers and acquisitions or raising equity,
(01:21:47):
all of which drives those big banks investment banking fees.
And another stockworth mentioning is Netflix, so which you know
their shares were up eleven percent after it reported most
profitable quarter ever and despite subscriber growth actually slowing, Netflix
still has very attractive opportunities to boost profits through either
(01:22:09):
it's new ad supported membership model or price increase.
Speaker 2 (01:22:13):
It's fascinating stuff. Steph thank you for runningus. Or its
Stephanie Bachelor Milford Asset Management. What about this, Heather logistical?
This is reed Travis Scott and the concert that's been
moved forward from Thursday to Wednesday. Here the logistical means
that the person booking everything in the USA didn't realize
that New Zealand is actually twenty four hours ahead in time,
so they stuffed up so nothing's changed. So Travis is
(01:22:34):
still turning up on the day. This is the imagine
if that was true, Travis is still turning up on Wednesday,
but they just had the No, it can't be because
Wednesday is Wednesday's the thirtieth here, it's the thirtieth there,
unleas well, look stupid if things have happened. Ay, imagine
if it was just that they were like, yes, the
thirty first, No, it's not. Headline's next.
Speaker 1 (01:22:58):
Everything from SMEs the Been Corporates, The Business Hour with
Heather Duplic Allen's and my HR the.
Speaker 4 (01:23:05):
HR Solution for Busy smys on News Talk ZB.
Speaker 2 (01:23:23):
Okay, we're going to go to Gavin Gray in the UK. Shortly.
Richard Preval has written a piece which I think answers
the question I wanted to have answered, which is how
does Chris Luxen turn around his unpopularity in the polls?
And I think he's actually given Chris Lucksen some excellent tips.
I'm gonna run you through that shortly. Twenty three away
from seven.
Speaker 4 (01:23:42):
Ever, Duplicy Allen now otago.
Speaker 2 (01:23:45):
Regional Council has been forced been forced to postpone its
land and Water plan after a last minute law changed
by the government. Federated Farmers had raised this with us
actually a long time ago. They were really worried about this.
Several aspects of the plan the group didn't like. The
Government had been asking Otago Regional Council just to hold
fire on the plan because they were coming up with
a new National policy statement for freshwater management. But after
(01:24:06):
the council continued just carried on working on the plan anyway,
the government amended the Resource Minute Management Act to force
them to stop. Luke kin A's Federated Farmer's Otago president,
he joins me, Now, hey, Luke, why was it that
Otago Regional Council was ignoring the government and just carrying on.
Speaker 14 (01:24:26):
Oh.
Speaker 34 (01:24:26):
Look, realistically, you'd have to ask a few of those
councilors why they were so adamant. But it appears that
they had far more alignment with the previous government than
the current one.
Speaker 2 (01:24:37):
Oh, I see, all that explains a lot. But they
had been warned, right, they had been told by the
current government, don't do anything. We're going to amend the thing.
We're gonna have a change for you just don't don't
do it and they carry it on anyway.
Speaker 34 (01:24:47):
Yeah, yeah, well, and that's exactly right. And to be fear,
common sense just wasn't. Wasn't there a lot of a
lot of this planning and procedure was certainly not in
place to even let the plan note for it.
Speaker 2 (01:25:00):
Did you guys have to lobby the current government to
gazette to force their hand.
Speaker 1 (01:25:05):
Yes, we did it.
Speaker 34 (01:25:06):
And actually, to be perfectly honest to you, you were
one of the first kind of news outlets that picked
this up. And we'd have to thank you and all
the Tiger farmers would have to thank you and your
radio show for spreading this far and wide, which helped
give us a voice and raising our concerns.
Speaker 2 (01:25:21):
What was it that you you're welcome, by the way,
What was it that you were worried about? In particular?
Speaker 34 (01:25:27):
Originally it was around their interpretation for tomato to why
and a lot of the stock exclusion where the counselors
were heading in was a very drastic measure and not
science based and not practical by any means. So we
just thought they needed to halt and let the policy
changes take place and then we'll reassess with it.
Speaker 2 (01:25:49):
I mean, you guys have talked a bit of a
fair bit about stock exclusion. Is that stock exclusion from waterways?
Speaker 34 (01:25:54):
Yeah, so they were going to go well and over
and above the national regulations and and bring in sheep
includers into that stock conclusion, which was just yeah, becoming
real untenable as to.
Speaker 4 (01:26:10):
The cost effectiveness of doing it.
Speaker 34 (01:26:12):
Like the Farmer's by all means, there's a lot of
good work going on and we don't want to pollute
the waterways by any means, but they having blanket rules
doesn't almost fix any problems.
Speaker 2 (01:26:22):
So how long before we actually get the current government's plan?
Speaker 34 (01:26:27):
From my understanding, their fairway through this. The timeline has
been pushed out a year or is that thirteen months,
but signals are that within the next six months will
have a pretty good indication of where this stuff's going
to go. The final detail might not be there yet,
but the plan can then be adjusted and we can
move on.
Speaker 2 (01:26:47):
Yeah, good luck with it, hey, Luke, thank you, I
really appreciate it. Mate. That's Luke Caine, Federated Farmer as
a Tigo president. All right, here we go. Richard Prebble
how the Prime Minister Chris Luxen can turn around his
dire ratings. Richard Prebble has pointed out that Chris Luxen
is the most unpopular elected prime minister since Jim Bolger,
and if you follow politics, its probably occurred to you
that he is quite bolduresque in his unpopularity. This is
(01:27:12):
what Richard Prebble says he needs to do, turn his
weakness into his strength. Dancing on TikTok and glad handing
foreign leaders is not working. Say I'm not a politician,
I'm a businessman. I have come into politics to fix
the country. Luxon must sell his achievements. He should claim
that only someone with his CEO experience could have created
a stable government out of a six party MMP parliament.
(01:27:36):
It has the advantage of being true. Before Luxon was
leader of the National Caucus was dysfunctional. He leads a
three party coalition that is more stable and achieving more
than Labour's one party government. Luckson's innovation of ninety day
action plans is working. Probably is no one fears Luxon.
If Luxin was as ruthless to those who are incompetent
or worse, acting in bad faith as he is to
(01:27:58):
his own MPs who make mistakes, he would command respect.
Here's the real recipe, good policy, successfully implement implemented as
the best politics. Respect and results, not popularity, drives the
preferred prime minister. Poul And I think what he's done here,
I totally totally agree with Richard. What Richard has done
here is explained to you what I was trying to
(01:28:19):
explain to you. But he's done it a lot better.
It's about authenticity. Luckson's problem is he looks like a
tryhard because he is trying really hard. Right, He's doing
all the social media staff and he's doing all this
kind of being nice and trying to make Mike like
him on the Hosking Breakfas show. Blah blah blah. He's
trying really, really hard. It's not authentic. We can see
through it, right, every single one of us read's body language,
listens to language tone every single day thousands of times. Right,
(01:28:43):
We're all super tuned to see when somebody's being real
and when someone's putting it on. So he can't pull
the wool over the eyes of the voters. He's lacking
an authenticity. And what Richard says is his authenticity is
actually that he's a businessman, actually that he's a manager,
and so he just needs to lean into that. Stop
trying to be a popular prime minister, Stop trying to
be a popular politician. Just be like, do you know
(01:29:04):
what I am. I'm a business guy. I'm here to
do business. Do the business and we will probably actually
respect that and like that, eighteen away from seven.
Speaker 4 (01:29:12):
If it's to do with money, it matters to you.
Speaker 1 (01:29:15):
The Business Hour with Hither Duper c Allen and my
HR the HR solution for busy Smy's on newstalk Zibby.
Speaker 2 (01:29:23):
It's a seven. Gavin Gray UK corresponds with us. Now
even in Gavin, Hi there, Gavin, how is this going down?
The news that you've got Labor Party people in the
UK going over to assist the Kamala Harris campaign in
the US presidential election.
Speaker 35 (01:29:37):
Yeah, quite a shock and certainly not what Donald Trump
is very happy with. The Prime Minister here desperately trying
to play it all down, saying that he had only
recently met Donald Trump for a reconstructive dinner. He's never
met Kamala Harris, but he has met Joe Biden numerous times.
But the allegations are that, according to the Trump campaign
(01:29:59):
that has filed in complaint with the Federal Electoral Commission,
that this sort of foreign interference has come from the UK,
and that is because the head of operations for the
Labor Party that's the party of government, posted on social
media that she had quote ten spots available for anyone
willing to travel to North Carolina to campaign for Kamala Harris,
adding we will sort out your housing. She said she
(01:30:22):
had around one hundred current and former party staff heading
to America before polling day. Now this post on LinkedIn
has since been deleted. And foreign nationals are really permitted
to service volunteers on campaigns in America, but as long
as they are not compensated, and that's according to the
Federal Election Commission rules. And so the complaint by Donald
(01:30:44):
Trump and his campaign. He's both pretty pointed and quite
theatrical as well, referring obliquely, I think to American independence
and the War of Independence two hundred and fifty years ago.
But either way, yeah, our minister I think desperately trying
to play this down, saying they're doing it as volunteers
in their spare time, but others are thinking what on
(01:31:07):
earth are our government and machinations doing with this? In
the American election.
Speaker 2 (01:31:12):
Well, the trouble for Keir Starmer at this stage I
would have thought, is that odds on Trump's going to win.
And then and Trump. Trump is like a crazy guy, right,
he has he has deep, deep feels about things. So
how on earth is he going to get on with
Kia when they are two world leaders?
Speaker 35 (01:31:30):
Yeah, exactly, It's going to be very interesting. And as
you said, you know, he didn't need a long memory
to remember this if he does get into power. So
I think, yeah, a lot of concern about, you know
the fact that Keir Starmer's volunteers within the party have
potentially plunged this country into a lot worse relationship with
America should Donald Trump become a president.
Speaker 15 (01:31:51):
Yeah.
Speaker 2 (01:31:51):
Absolutely. You ever had norovirus, Kevin.
Speaker 35 (01:31:55):
Hah, I've had something similar, whether it was never sort
of diagnosed as being norovirus, and these of course that
very very unpleasant bug that causes vomiting and diarrhea. It
is easily spreadable in the winter months and because of
course people tend to stay indoors, can affect peoples of
all ages. But it is really very serious, particularly in
(01:32:15):
this country and among the elderly. It is said that
twelve thousand are admitted to hospital with the bug each year.
There are eighty deaths and it costs the NHS National
Health Service roughly two hundred million New Zealand dollars a
year annually. And that's why a trial is being now
undertaken with thousands of people to find out if a
new vaccine could protect against noravirus.
Speaker 4 (01:32:39):
Indeed, they are looking for volunteers. It sounds a dodgy
experience to me.
Speaker 35 (01:32:44):
I must say, volunteering for something like that, But there
will be those keen to take.
Speaker 2 (01:32:48):
Part, and good on them, better them than us. Now, okay,
explain to me how you managed, Like if you were
going to order a pizza with a side of cocaine,
did you have to know the special code or did
it just runes?
Speaker 35 (01:33:01):
That is what prosecutors in Germany are saying. So in
West Germany police raided a pizzeria in their jurisdiction and
said that if you ordered number forty on the menu,
it was code for a pizza with a side order
of cocaine. Apparently, police went to detain the pizzeria manager
(01:33:23):
at his apartment. The thirty six year old is reported
to have thrown a bag of drugs out of the
window and there was a police officer underneath ready to
catch it. Police found it is said one point six
kilograms are cocaine, four hundred grams of cannabis and quite
a lot of cash about half a million New Zealand
dollars in cash at the apartment. The restaurant manager was
(01:33:44):
released by police a few days later, but then reopened
the restaurant, and then, it is alleged, continued to sell
the drug and pizza combination.
Speaker 2 (01:33:51):
Quite an unusual order, that one, isn't it. I love it?
The thought three everything Gvin, thank you, appreciate it. Gevin
Gray are UK correspondent. Hither Richard Prebble is right. Luxon
needs to take a leaf out of Wayne Brown's book,
Jamie bang On. Wayne Brown is the perfect example, isn't
he of someone who's not even trying to be popular.
He's like, whatever, I don't care. I'm just here to
(01:34:14):
cut the costs, keep the rates down, do the business,
strike some deals. And because he's actually getting stuff done,
which is the stuff that Auckland has voted him in for.
I mean we'll see how it plays it. But I
actually think he might be. He might be pleasantly surprising
a bunch of Auckland ratepayers at the moment. Now listen
on another subject, How good is this for Northland? Just
(01:34:34):
being named on National Geographics Best of the World twenty
twenty five list. This is We get a lot of
these lists, right, You get lists where travel editors like
it's the best in the world, gay and you're like,
I've never heard of you before, but you've heard of
National Geographic. This is their best of twenty twenty five
list and it's only got twenty five places on it,
so that is pretty exceptional. Twenty five destinations hand packed
(01:34:58):
by the publications, explorers, photographers and editors. Only one place
in New Zealand has made it on the list, only
two places in Oceania. The one place two places are
obviously Northland, and the other ones the Murray River in Australia.
International travelers landing in Auckland, they say, usually heads south,
but that is a mistake. The little visited Northland region
has fascinating wildlife and warm waters that offer excellent diving,
(01:35:21):
especially in the Poor Knights Marine Reserve. Many for species
in the reserve are found nowhere else in the country.
On land normally elusive and threatened, Kiwis are abundant thanks
to Kiwi Coast, a coalition of more than two hundred
and fifty community lead conservation projects that aims to create
the first protected corridor for New Zealand's beloved national animal, anyway,
that bird. They go on and go on and go on.
And they're right though, aren't they completely underappreciated part of
(01:35:44):
New Zealand. We get that little highway going between Auckland
and Northland, you know, open it up for everybody nine
away from seven, whether.
Speaker 4 (01:35:50):
It's macrove, MicroB or just plain economics. It's all on
the Business Hour with Heather duple c Allens and my
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Speaker 2 (01:36:02):
The Northland is beautiful, but unfortunately very threatening. That's an
ominous text, also quite mysterious. Now Barack Obama's been doing
a thing, as isn't he.
Speaker 21 (01:36:11):
My palms are sweating these week parms a heaven Bama,
I'm sweater runner man's begetna.
Speaker 2 (01:36:22):
I'm nervous, but I'm a surface. I'm a tom and
run it to drop bombs, but.
Speaker 6 (01:36:26):
I keep bomb forget it.
Speaker 4 (01:36:31):
Dun dun d d d d D.
Speaker 7 (01:36:36):
I thought I then was gonna be perfune, I was
gonna jump up.
Speaker 10 (01:36:39):
So yeah, if you recognize those words, you're like, oh,
that sounds familiar. Yes, that was the lyrics of eminem
song Lose Yourself from the eight Mile soundtrack. And it's
because Eminem and Barack Obama both spoke at the same
campaign of in for Kamala Harrison Detroit, and I suppose
Eminem is a hard act for even the former president
to follow, so he busted that out.
Speaker 2 (01:36:56):
Barack Obama is the only dad in the world who
can do a cover of Eminem and it not be embarrassed.
Speaker 10 (01:37:02):
I say you what, I bet he can do all
three verses.
Speaker 2 (01:37:05):
I bet he can do the whole so probably the
whole album. Actually, he's cool. One of my friends met
Barack Obama and like, I don't know if to this,
and that was years ago. I mean, that would have
been like ten years ago and to this day, I
don't know if she's come down from it. She thinks
he's the most incredible human being. She was like, I
couldn't stop staring at him. It was he isn't He
is a very, very very incredible human being. Anyway, listen
(01:37:26):
before we get too far down the Barack Obama hole.
If you've been following the Air New Zealand stunt with
a giant lolly ji, I can now tell you how
many lollies there were in there. Seven hundred and twenty
nine thousand, three hundred and seventy and the game was
to try to guess seven hundred and twenty nine, three
hundred and seventy. Nobody guessed it. Somebody guessed seven hundred
(01:37:48):
and twenty nine thousand, three hundred and seventy four, so
there were only four off, which is incredible. Somebody needs
to give that genius from Mount monganuwiir job. They win
the prize of fifty thousand air points dollars. That's that is.
Do you know what, Nick?
Speaker 29 (01:38:03):
Mind?
Speaker 2 (01:38:03):
The fifty thousand air points dollars. They win the prize
of guessing seven hundred and twenty blah blah blah. That's amazing.
Speaker 10 (01:38:09):
That's rain Man in real life.
Speaker 2 (01:38:11):
That's weird.
Speaker 10 (01:38:12):
And with Barack Obama's little cover version there, I think
we'll play the original as well. We'll play Lose Yourself
by eminem to players else tonight.
Speaker 2 (01:38:18):
Very good enjoy see you tomorrow News Talk Zip fourth.
Speaker 31 (01:38:22):
The Too Dog's Case, I was playing in the beginning
to the Moodog chase.
Speaker 4 (01:38:26):
I've been sued up and.
Speaker 31 (01:38:27):
Spit out in Bodog stage, but I kept priming and
step brighten the next sight Fort's believe somebody's paining the
pie paper before the pain inside amplified by.
Speaker 9 (01:38:37):
The fact that I can't get fined with my nine dog.
Speaker 17 (01:38:40):
Five and I can't provide the right.
Speaker 31 (01:38:43):
Type for life for my family because man, he's tied
amphis stands on my typer and it's no movie, It's
nor makid fight for this is my life when these
times are so hard that it's getting even hardest round
of feet in one of my seed. Plus see that's
on a corner between being a father and a preemon
on a baby Mama.
Speaker 4 (01:39:01):
Thomas careaming on.
Speaker 7 (01:39:01):
It too much for me to want to stay on spot.
Speaker 31 (01:39:04):
Undo the damn on that, and he's cutting me to
the point I'm make a snail. I've got it's a
formulator plot or hit up in Jailer's shot. Success is
my only mothering options. Failures not Mama love you, But
this trailer's got to go. I cannot go hold and
sailing's line, and here I go. It's my shotpeat filming
that maybe the only opportunity that I got you. Matter
(01:39:25):
ruis is counting the music the mom makes your home,
makes you never let it go?
Speaker 13 (01:39:30):
Region, what shot?
Speaker 15 (01:39:32):
Do not?
Speaker 29 (01:39:32):
And it's a chance to blow.
Speaker 7 (01:39:33):
This opportunity goes once in a lifetime.
Speaker 16 (01:39:36):
Matter ruses tuning the music the mom makes you home, gets.
Speaker 9 (01:39:40):
You better, never let it go?
Speaker 4 (01:39:42):
Region, what shot not?
Speaker 15 (01:39:43):
It's a chance to blow.
Speaker 7 (01:39:44):
This opportunity goes once in a lifetime.
Speaker 9 (01:39:47):
You better.
Speaker 4 (01:39:49):
You knew what you set your mind too many.
Speaker 1 (01:40:00):
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