November 27, 2024 • 9 mins
Tonight on The Huddle, Jack Tame from ZB's Saturday Mornings and Q&A and Nick Mills from ZB's Wellington Mornings joined in on a discussion about the following issues of the day - and more!
Paper bags - Early Edition host Ryan Bridge has slammed the exorbitant cost of paper bags at the supermarket and criticised their effectiveness. What do we think?
The Reserve Bank has cut the OCR down by 50 basis points in their last meeting of the year. This is good news - but what does it say about our economy?
Wellington City Council has voted on their Long Term Plan - should we be worried?
Have you hit up the Black Friday sales yet?
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The huddle with New Zealand Southby's international realty, local and
global exposure like.
Speaker 2 (00:05):
Noah Hey, Jack Tame, host of Q and A Saturday
mornings here on Newstalk Zibia, Nick Mills, Wellington Morning's host,
both of you, welcome.
Speaker 3 (00:12):
Killed a good morning, All right, good evening. Sorry, I'm
still thinking I'm doing my show.
Speaker 2 (00:17):
But evening, well, I still reckon I go with afternoon
at the stage.
Speaker 3 (00:19):
Nick, No, it's evening. It's halfter five after five, it's evening.
Speaker 2 (00:23):
Okay, I didn't know that was the rule, but it's
good to know. What do you think about the paper bags?
Speaker 3 (00:28):
Well, you see, I've got a great system. My office manager, she.
Speaker 4 (00:31):
Loves her local hospice shop and they're always after paper bags.
So we have a little thing in our office where
we all bring our used bags and she folds them
up and takes them to the local hospice shop. So
I'm I'm a little bit on a different side of
the fence to Ryan on that one, but I understand totally.
You know what happened to me a couple of weeks ago,
someone from our family ordered a great big dinner at
(00:52):
at a very upmarket Chinese restaurant. I paid for it everything.
I went to pick it up and I saw I'm
not going to be able to carry this, and the
lady said, would you like a plas paper bag? And
I said yes please, she said thirty cents.
Speaker 3 (01:03):
After spending one hundred and forty dollars on meals they
wanted to charge and I didn't have any casual change
on me so I had to FBOs thirty cents. Now
is that pathetic?
Speaker 2 (01:12):
That's pathetic? But I okay, that is pathetic, and that
is a fair point. But that is basically Jack, what
the supermarkets are doing, because you got forty cents for
a paper bag is too much. They are making a
massive profit on that.
Speaker 5 (01:22):
Yeah, I mean you have to my yourself, what is
the purpose of charging us that much? Is it so
they can turn a profit or is it so that
they can try and encourage us to be less wasteful
in our consumption? Because I would argue that actually that
second point isn't the responsibility of the supermar tickets, Like
we've got the policy with ban plastic bags, of policy
which I tend to disagree with Ryan on. I actually
(01:44):
think even though New Zealand's contribution to the ocean's pollution
probably hasn't made a massive dent in terms of in
terms of the global plastic pollution. I just think it's
so much nicerer not having plastic bags blowing around in
the street and then rivers and all that kind of stuf.
That being said, you know, this is not the responsibility
(02:05):
of the supermarkets. That was the decision whereby we decided
we were doing the right thing for the environment. Surely
the supermarket's responsibility is actually to make things as convenient
as possible for us, whilst doing it in a relatively
ecologically sensible way. And I agree at the moment they're
charging too much.
Speaker 2 (02:19):
Yeah, it's annoying. Hey, what do you think about the
ocon that coming down? Are you breathing a bit of
a sigh of relief.
Speaker 3 (02:25):
I'm a little bit disappointed now.
Speaker 4 (02:27):
I know that I've been called a grumpy bugger all
week on my show this week, but I kind of
I was hoping for a Christmas present. I listened to
Mike Show this morning drive in to work, and I
was thinking to myself, as a resident economist, said go harder,
go bigger, go seventy five points, and it's you know,
four months until we get the next one. This was
a great opportunity for Adrian or to show he had some,
(02:50):
wasn't it.
Speaker 3 (02:50):
It was a great opportunity, you know, you know the
thing that meant between leagues.
Speaker 4 (02:56):
I don't want to be rude, but you know what
I mean, And I saw I was a little little
bit disappointing.
Speaker 3 (03:00):
Am I pleased that it's moved? Of course I am.
But I thought I thought this was a.
Speaker 4 (03:04):
Great opportunity to go hard and really we're still doing
it tough.
Speaker 3 (03:08):
Yeah, yeah, I couldn't have gone a bit harder.
Speaker 2 (03:10):
Yeah, I Jack. I can't help but feel it's a
bit of a capitulation by the Reserve Bank, and they're
just letting the market basically decide for They letting the
market do all the thinking market prices and fifty bp okay, fine,
will go with it.
Speaker 4 (03:21):
Yeah.
Speaker 3 (03:21):
Yeah.
Speaker 5 (03:21):
It's interesting how much that seems to influence the Monastery
Policy Committee. A. I mean a couple of points I
would raise. First of all, obviously I was hoping for
a seventy five basis point right cut. In fact, my
mortgage came up at the end of October and I
decided to float until today, so that I could wait
and see what RBNZ decided.
Speaker 2 (03:37):
Was that a good call?
Speaker 3 (03:39):
Yeah, I think it will be.
Speaker 5 (03:40):
I think I did the math, so I did the
back of the envelope sums, and I think I think
it ultimately will be, although not nearly as profitable or
not nearly as good for me as it might have
been if I got seventy five, I think there's a
good argument that they should be moving faster, especially given
the cpis at two point two percent. I mean, it's
very very close to that target point. That being said,
I do think the Trump factor complicates things a little bit,
(04:04):
like when you look at some of the international pressures,
we can't I mean, he's just announced overnight that he's
definitely going to be bringing in those tariffs on Mexico, Canada,
and China, and so given he's going to be inaugurated
between now and the next decision for the Reserve Bank,
I can understand why they are at the very least
a little bit cautious and not wanting to go too quickly.
(04:24):
But one other number stuck out to me that I
think we should all be celebrating. And obviously, forecasts is
just forecast at the stage, but I went back and
looked at the NPS from August. Back then, the Reserve
Bank was expecting unemployment hitt five point four percent next year.
They pull that back five point two percent now, So
I mean, this isn't a soft landing as such, but
(04:45):
clearly if we could keep unemployment at about five point
two percent or lower while bringing down the OCR over
the next felve months, I think that would be pretty successful.
Speaker 2 (04:53):
Thank you Australia for taking all of our exports. Well, okay, listen,
I want to talk about I want to talk about Yep,
that's right, That's what I mean. Nic. I want to
talk about you make Tory, So hang on a take.
We're going to do that.
Speaker 1 (05:04):
The huddle with New Zealand Southeby's International Realty Elevate the
marketing of your home right back.
Speaker 2 (05:10):
With Nick Mills and Jack tam Nick, So what do
you make of your council sitting down deciding they need
to save five hundred million bucks and they're not knowing
how much they saved.
Speaker 3 (05:17):
They didn't have a clue how much they needed to
save at the start. It's changed every second week.
Speaker 4 (05:21):
The numbers have changed from two hundred and fifty million
to five hundred million.
Speaker 3 (05:25):
I mean, what sort.
Speaker 4 (05:26):
Of company organization can have that sort of insecurity in
front of them.
Speaker 3 (05:31):
It's just absolutely nuts.
Speaker 4 (05:33):
And you know, Lindsey McKenzie wouldn't do it interview, he
wouldn't talk to anybody, sat there like with a straight face.
According to Georgina Campbell, who was there for the seven hours,
he just wasn't you know, wasn't having any involvement whatsoever,
just sitting there watching the whole thing is terrifying. I mean,
if you're a Wellingtonian and your rates, I mean, our
rates are nuts in the city. Commercial rates are crazy
(05:56):
in the city, almost double what they are in Auckland
for value.
Speaker 3 (05:59):
To show for property. It's just absolutely nuts and no one,
no one knows what's happening.
Speaker 2 (06:04):
Yeah, it totally vindicates, I think jack the decision by
Simon Brown to call in the observer.
Speaker 5 (06:10):
Yes, well it doesn't necessarily sound that the observers had
a huge influence on on the meeting.
Speaker 2 (06:16):
You guys, he's an observer.
Speaker 5 (06:18):
Yeah, well that's the thing that but I mean, are
we any clearer as a result.
Speaker 2 (06:22):
Is he may be clearer? Like his point the point
of his job is literally to sit there until someone
asks for his help and then to go to Simon
and be like, oh mate, it's a total shiite.
Speaker 4 (06:33):
Yeah.
Speaker 5 (06:34):
Yeah, I think I think a few thing would be
to say that the proof of the pudding is in
the eating in that one, but absolutely I think having
you know, there's a good argument to be made that
having eyes in that meeting is probably been vindication of
a certain degree. But it is wiful. The fact that
no one can give us any clarity on this is
absolutely woful for an organization of their size, and just yeah,
you know, it's just there's such a there's such a
(06:56):
trust gap, and you know, when it comes to Wellington's
resident in the council and every day that this continues,
every time we have more confusion and you know, disagreement
and people saying one thing and other people contradicting them.
It just it just really undermines whatever trust remains.
Speaker 2 (07:15):
Yeah, totally, Hey, Nick, you bought anything in the Black
Friday sales?
Speaker 3 (07:19):
No, don't be stupid. I'm over twenty.
Speaker 2 (07:22):
Okay, okay, So what you don't buy anything? Is that
why you're stupid? From nineteen ninety five?
Speaker 3 (07:28):
No, I haven't.
Speaker 4 (07:30):
I haven't bought anything and I'm things are quite tight
either right now, So I'm not in the spending mood.
Speaker 3 (07:35):
You know, I'm not in the spending mood. But close
to the Christmas I'll do my spending. I did, Heather, Yeah,
what did you want?
Speaker 5 (07:41):
To be very excited about this? I bought a new
drum roll please by helmet?
Speaker 2 (07:47):
Is it a cool one or is it?
Speaker 3 (07:48):
Like? No?
Speaker 5 (07:49):
No, it's really uncle, super uncle.
Speaker 3 (07:52):
Yeah, super uncle.
Speaker 5 (07:53):
And not only that, I went to the chemist Warehouse
because they've got a big sale.
Speaker 3 (07:57):
And I got like bulk.
Speaker 5 (08:01):
Like I have a very like specific tase when it
comes to dental hygiene, and I got bulked dental floss
because den the foss can be surprising the expensive.
Speaker 2 (08:09):
What about your wife because she's nesting now, because she's
so pregnant.
Speaker 5 (08:13):
Yeah, well she, I'm sure she'll be delighted when she
receives my Christmas gift of bulk dental floss.
Speaker 3 (08:20):
Can I tell you?
Speaker 4 (08:21):
Can I give you both a bit of advice? Jack,
Listen listen to Nick on this one. Listen to big
brother Nick on this one. A water blaster. Right, my
hygenis told me to get a water blaster, which costs
me quite a bit of money.
Speaker 3 (08:32):
At the time. I am so in love with my
water blaster.
Speaker 5 (08:36):
If you mean a dental water blaster, don't you mean
like the carts ones outside floss It's so incredible.
Speaker 2 (08:47):
If you've got one, No, I don't, And can I
tell you ask your wife if she loves it, because
my husband's got one, and I do not love finding
all the little bits of food all over the sink.
It sucks.
Speaker 3 (08:56):
I clean it out after. When I do it.
Speaker 2 (09:00):
Clean though, or a girl clean.
Speaker 3 (09:02):
You know the answer to that here, boy, you know
the answer to that. You know me well enough to
know that when I clean eye clean.
Speaker 2 (09:07):
Oh okay, I'm gonna I'm going to trust you on that. Guys,
thank you very much. And Jack, congratulations on the pregnancy.
So cool, Jack, Tame and Nick Mills a huddle this evening.
Speaker 1 (09:16):
For more from Hither Duplessy Allen Drive, listen live to
news talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio.
The huddle with New Zealand Southby's international realty, local and
global exposure like.
Speaker 2 (00:05):
Noah Hey, Jack Tame, host of Q and A Saturday
mornings here on Newstalk Zibia, Nick Mills, Wellington Morning's host,
both of you, welcome.
Speaker 3 (00:12):
Killed a good morning, All right, good evening. Sorry, I'm
still thinking I'm doing my show.
Speaker 2 (00:17):
But evening, well, I still reckon I go with afternoon
at the stage.
Speaker 3 (00:19):
Nick, No, it's evening. It's halfter five after five, it's evening.
Speaker 2 (00:23):
Okay, I didn't know that was the rule, but it's
good to know. What do you think about the paper bags?
Speaker 3 (00:28):
Well, you see, I've got a great system. My office manager, she.
Speaker 4 (00:31):
Loves her local hospice shop and they're always after paper bags.
So we have a little thing in our office where
we all bring our used bags and she folds them
up and takes them to the local hospice shop. So
I'm I'm a little bit on a different side of
the fence to Ryan on that one, but I understand totally.
You know what happened to me a couple of weeks ago,
someone from our family ordered a great big dinner at
(00:52):
at a very upmarket Chinese restaurant. I paid for it everything.
I went to pick it up and I saw I'm
not going to be able to carry this, and the
lady said, would you like a plas paper bag? And
I said yes please, she said thirty cents.
Speaker 3 (01:03):
After spending one hundred and forty dollars on meals they
wanted to charge and I didn't have any casual change
on me so I had to FBOs thirty cents. Now
is that pathetic?
Speaker 2 (01:12):
That's pathetic? But I okay, that is pathetic, and that
is a fair point. But that is basically Jack, what
the supermarkets are doing, because you got forty cents for
a paper bag is too much. They are making a
massive profit on that.
Speaker 5 (01:22):
Yeah, I mean you have to my yourself, what is
the purpose of charging us that much? Is it so
they can turn a profit or is it so that
they can try and encourage us to be less wasteful
in our consumption? Because I would argue that actually that
second point isn't the responsibility of the supermar tickets, Like
we've got the policy with ban plastic bags, of policy
which I tend to disagree with Ryan on. I actually
(01:44):
think even though New Zealand's contribution to the ocean's pollution
probably hasn't made a massive dent in terms of in
terms of the global plastic pollution. I just think it's
so much nicerer not having plastic bags blowing around in
the street and then rivers and all that kind of stuf.
That being said, you know, this is not the responsibility
(02:05):
of the supermarkets. That was the decision whereby we decided
we were doing the right thing for the environment. Surely
the supermarket's responsibility is actually to make things as convenient
as possible for us, whilst doing it in a relatively
ecologically sensible way. And I agree at the moment they're
charging too much.
Speaker 2 (02:19):
Yeah, it's annoying. Hey, what do you think about the
ocon that coming down? Are you breathing a bit of
a sigh of relief.
Speaker 3 (02:25):
I'm a little bit disappointed now.
Speaker 4 (02:27):
I know that I've been called a grumpy bugger all
week on my show this week, but I kind of
I was hoping for a Christmas present. I listened to
Mike Show this morning drive in to work, and I
was thinking to myself, as a resident economist, said go harder,
go bigger, go seventy five points, and it's you know,
four months until we get the next one. This was
a great opportunity for Adrian or to show he had some,
(02:50):
wasn't it.
Speaker 3 (02:50):
It was a great opportunity, you know, you know the
thing that meant between leagues.
Speaker 4 (02:56):
I don't want to be rude, but you know what
I mean, And I saw I was a little little
bit disappointing.
Speaker 3 (03:00):
Am I pleased that it's moved? Of course I am.
But I thought I thought this was a.
Speaker 4 (03:04):
Great opportunity to go hard and really we're still doing
it tough.
Speaker 3 (03:08):
Yeah, yeah, I couldn't have gone a bit harder.
Speaker 2 (03:10):
Yeah, I Jack. I can't help but feel it's a
bit of a capitulation by the Reserve Bank, and they're
just letting the market basically decide for They letting the
market do all the thinking market prices and fifty bp okay, fine,
will go with it.
Speaker 4 (03:21):
Yeah.
Speaker 3 (03:21):
Yeah.
Speaker 5 (03:21):
It's interesting how much that seems to influence the Monastery
Policy Committee. A. I mean a couple of points I
would raise. First of all, obviously I was hoping for
a seventy five basis point right cut. In fact, my
mortgage came up at the end of October and I
decided to float until today, so that I could wait
and see what RBNZ decided.
Speaker 2 (03:37):
Was that a good call?
Speaker 3 (03:39):
Yeah, I think it will be.
Speaker 5 (03:40):
I think I did the math, so I did the
back of the envelope sums, and I think I think
it ultimately will be, although not nearly as profitable or
not nearly as good for me as it might have
been if I got seventy five, I think there's a
good argument that they should be moving faster, especially given
the cpis at two point two percent. I mean, it's
very very close to that target point. That being said,
I do think the Trump factor complicates things a little bit,
(04:04):
like when you look at some of the international pressures,
we can't I mean, he's just announced overnight that he's
definitely going to be bringing in those tariffs on Mexico, Canada,
and China, and so given he's going to be inaugurated
between now and the next decision for the Reserve Bank,
I can understand why they are at the very least
a little bit cautious and not wanting to go too quickly.
(04:24):
But one other number stuck out to me that I
think we should all be celebrating. And obviously, forecasts is
just forecast at the stage, but I went back and
looked at the NPS from August. Back then, the Reserve
Bank was expecting unemployment hitt five point four percent next year.
They pull that back five point two percent now, So
I mean, this isn't a soft landing as such, but
(04:45):
clearly if we could keep unemployment at about five point
two percent or lower while bringing down the OCR over
the next felve months, I think that would be pretty successful.
Speaker 2 (04:53):
Thank you Australia for taking all of our exports. Well, okay, listen,
I want to talk about I want to talk about Yep,
that's right, That's what I mean. Nic. I want to
talk about you make Tory, So hang on a take.
We're going to do that.
Speaker 1 (05:04):
The huddle with New Zealand Southeby's International Realty Elevate the
marketing of your home right back.
Speaker 2 (05:10):
With Nick Mills and Jack tam Nick, So what do
you make of your council sitting down deciding they need
to save five hundred million bucks and they're not knowing
how much they saved.
Speaker 3 (05:17):
They didn't have a clue how much they needed to
save at the start. It's changed every second week.
Speaker 4 (05:21):
The numbers have changed from two hundred and fifty million
to five hundred million.
Speaker 3 (05:25):
I mean, what sort.
Speaker 4 (05:26):
Of company organization can have that sort of insecurity in
front of them.
Speaker 3 (05:31):
It's just absolutely nuts.
Speaker 4 (05:33):
And you know, Lindsey McKenzie wouldn't do it interview, he
wouldn't talk to anybody, sat there like with a straight face.
According to Georgina Campbell, who was there for the seven hours,
he just wasn't you know, wasn't having any involvement whatsoever,
just sitting there watching the whole thing is terrifying. I mean,
if you're a Wellingtonian and your rates, I mean, our
rates are nuts in the city. Commercial rates are crazy
(05:56):
in the city, almost double what they are in Auckland
for value.
Speaker 3 (05:59):
To show for property. It's just absolutely nuts and no one,
no one knows what's happening.
Speaker 2 (06:04):
Yeah, it totally vindicates, I think jack the decision by
Simon Brown to call in the observer.
Speaker 5 (06:10):
Yes, well it doesn't necessarily sound that the observers had
a huge influence on on the meeting.
Speaker 2 (06:16):
You guys, he's an observer.
Speaker 5 (06:18):
Yeah, well that's the thing that but I mean, are
we any clearer as a result.
Speaker 2 (06:22):
Is he may be clearer? Like his point the point
of his job is literally to sit there until someone
asks for his help and then to go to Simon
and be like, oh mate, it's a total shiite.
Speaker 4 (06:33):
Yeah.
Speaker 5 (06:34):
Yeah, I think I think a few thing would be
to say that the proof of the pudding is in
the eating in that one, but absolutely I think having
you know, there's a good argument to be made that
having eyes in that meeting is probably been vindication of
a certain degree. But it is wiful. The fact that
no one can give us any clarity on this is
absolutely woful for an organization of their size, and just yeah,
you know, it's just there's such a there's such a
(06:56):
trust gap, and you know, when it comes to Wellington's
resident in the council and every day that this continues,
every time we have more confusion and you know, disagreement
and people saying one thing and other people contradicting them.
It just it just really undermines whatever trust remains.
Speaker 2 (07:15):
Yeah, totally, Hey, Nick, you bought anything in the Black
Friday sales?
Speaker 3 (07:19):
No, don't be stupid. I'm over twenty.
Speaker 2 (07:22):
Okay, okay, So what you don't buy anything? Is that
why you're stupid? From nineteen ninety five?
Speaker 3 (07:28):
No, I haven't.
Speaker 4 (07:30):
I haven't bought anything and I'm things are quite tight
either right now, So I'm not in the spending mood.
Speaker 3 (07:35):
You know, I'm not in the spending mood. But close
to the Christmas I'll do my spending. I did, Heather, Yeah,
what did you want?
Speaker 5 (07:41):
To be very excited about this? I bought a new
drum roll please by helmet?
Speaker 2 (07:47):
Is it a cool one or is it?
Speaker 3 (07:48):
Like? No?
Speaker 5 (07:49):
No, it's really uncle, super uncle.
Speaker 3 (07:52):
Yeah, super uncle.
Speaker 5 (07:53):
And not only that, I went to the chemist Warehouse
because they've got a big sale.
Speaker 3 (07:57):
And I got like bulk.
Speaker 5 (08:01):
Like I have a very like specific tase when it
comes to dental hygiene, and I got bulked dental floss
because den the foss can be surprising the expensive.
Speaker 2 (08:09):
What about your wife because she's nesting now, because she's
so pregnant.
Speaker 5 (08:13):
Yeah, well she, I'm sure she'll be delighted when she
receives my Christmas gift of bulk dental floss.
Speaker 3 (08:20):
Can I tell you?
Speaker 4 (08:21):
Can I give you both a bit of advice? Jack,
Listen listen to Nick on this one. Listen to big
brother Nick on this one. A water blaster. Right, my
hygenis told me to get a water blaster, which costs
me quite a bit of money.
Speaker 3 (08:32):
At the time. I am so in love with my
water blaster.
Speaker 5 (08:36):
If you mean a dental water blaster, don't you mean
like the carts ones outside floss It's so incredible.
Speaker 2 (08:47):
If you've got one, No, I don't, And can I
tell you ask your wife if she loves it, because
my husband's got one, and I do not love finding
all the little bits of food all over the sink.
It sucks.
Speaker 3 (08:56):
I clean it out after. When I do it.
Speaker 2 (09:00):
Clean though, or a girl clean.
Speaker 3 (09:02):
You know the answer to that here, boy, you know
the answer to that. You know me well enough to
know that when I clean eye clean.
Speaker 2 (09:07):
Oh okay, I'm gonna I'm going to trust you on that. Guys,
thank you very much. And Jack, congratulations on the pregnancy.
So cool, Jack, Tame and Nick Mills a huddle this evening.
Speaker 1 (09:16):
For more from Hither Duplessy Allen Drive, listen live to
news talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio.
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Therapy Gecko
An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.