Episode Transcript
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Speaker 1 (00:00):
I questions, answers, facts, analysis, The Drive show you trust
for the full picture, Heather Do for clan Drive with
one New Zealand.
Speaker 2 (00:13):
Let's get connected news talks. That'd be.
Speaker 3 (00:17):
Good afternoon. Welcome to the show coming out today. Here
we thank has got permission to get some private money in.
We'll talk to the finance minister and New Zealand's got
a new boss. We'll speak to analyst Andy Bowley. And
Ozzie is considering banning not just the social media for
the kids, but YouTube as well. We'll have a chat
about that too together.
Speaker 2 (00:34):
Do for c Ellen.
Speaker 3 (00:35):
Now you know that story about the gang numbers cracking
the ten thousand mark. That's classic gotcha politics, isn't It
doesn't count when the number is nine, nine hundred and
ninety nine, But once it hits ten thousand or in
this case, ten thousand and nine, it's a thing and
it's the government's fault. Is it the government's fault?
Speaker 2 (00:52):
Though?
Speaker 3 (00:53):
I mean, should we actually be angry at Mark Mitchell
for this one? I don't think so. I think of
what we're seeing right now is the result of stuff
that has already happened, and mainly the deportation of criminals
from Australia and the recession that we're in. Recessions lead
to an increase in crime for obvious reasons, and the
deportation of serious criminals will lead to an increase in
gang numbers, probably for a while yet, actually, until the
(01:14):
likes of the common Cheiros and any other heavy outfit
that's been brought here from Australia has maxed out its
recruitment drive in New Zealand. I think it's highly ironic
that Ginny Anderson is the one moaning about this. Do
you need me to remind you of Ginny Anderson. Ginny
Anderson was one of Labour's run of police ministers who
totally took their foot off the throat of the gangs
(01:34):
when they were in power. Ginny Anderson was the police
minister at the time that the gang was basically allowed
to take over or porticky for the tonguey. Remember that
at least under this government, in this particular police minister,
police have been given the understanding that they are to
crack down on gangs. There have been a huge number
of arrests. There are no gang tonguies taking over small
town roads anymore. There are no gang patches. Laura, the producer,
(01:56):
lives out in west Auckland. She reconsues to see a
gang patch every single day. Doesn't see them now, none
at all. Now it doesn't mean that the gang members
are gone. I mean you can still see them around
the place. They just walk around in their colors, you know,
without the patch. Just look for someone wearing an unusual
amount of primary color red that generally donates among your
old member. Look for somebody with a lot of yellow
(02:19):
going on. That's generally somebody from the common chios, lots
of primary blue. That'll be a black power there. I
saw one in his gang colors and bunnings the other day.
But at least they do not have the belief that
they can walk around intimidating good people in public places
because they don't have their patch on, and them being
stripped of that belief actually counts for a lot.
Speaker 4 (02:36):
Now.
Speaker 3 (02:37):
I'm not happy the gang numbers have gone up, but
they have, and I expect they're going to keep going
up for a while until this economy turns around and
the pool of recruits available to the Aussie import starts
drying up. That is not the fault of this government
and is also not the fault of this police minister.
And what counts for a lot more is at least
these gangs are being cracked down on.
Speaker 2 (02:57):
Now what ever, dup Cello.
Speaker 3 (03:03):
Great nine two nine two is the text understands the
tech spees apply now. Netbull is returning to free to
air on TV and Z next year after many years
on Sky. The am Z Premiership will be shown on
TV and Z two and TV and Z Plus. There
are questions so over how much has been paid?
Speaker 5 (03:19):
Here?
Speaker 3 (03:19):
Who's paying you? Here? Is Netbull's Jenny Wiley speaking to
Mike this morning.
Speaker 6 (03:23):
Netbor New Zealant is investing in this and it's it's
a changing market. The broadcast market is different traditional media
and you know right, spees have moved and there is
more risk in the market. We're willing to step into
that because we know and we believe that the game
has a future.
Speaker 3 (03:42):
Melody Robinson is TV and z's head of Sports Events
and Partnerships and with.
Speaker 7 (03:45):
Us Ha Melody, good afternoon.
Speaker 3 (03:47):
Hey, this is great for you guys to have all
of us extra sport, isn't it.
Speaker 7 (03:51):
Look absolutely fantastic? We had the Saturday Games exclusive this
am Z for ten weeks around Robin, and what we
found was that that audience coming in was double the
normal audience we get from four to six on Saturday.
So we know there's still a massive fan base out
there for netball, and we're really excited that all of
the A and Z Championship is going to be with
(04:12):
us next year.
Speaker 3 (04:12):
Who watches.
Speaker 7 (04:15):
Actually there's a high female population that watches it. About
twenty four percent of our TV and D plus audiences
under the age of thirty four. That is a good
youth audience as well. I guess one thing you can
say about that is females are the most powerful consumers.
So it's a great audience for us.
Speaker 3 (04:31):
Ye jus is it teenage girls and their mums?
Speaker 7 (04:35):
Basically no, it's an older female audience at this point.
But when you think about how we're going to have
everything on TV two and TVNZ's tvnc's plus, that is
brings in a much younger audience opportunity. We've also got
an incredible social media team and that news machine that's
going to bring back those personalities and the stories of
(04:56):
the athletes, so we know that it's going to bring
more interesting game of the audience.
Speaker 3 (05:02):
This is great news because This is one of my
bug bears is that sports nowadays has dropped the good
yarns out of it. Right, you don't even know who
the person is who's playing, So you guys going to
promote that, promote their backstories one hundred percent.
Speaker 7 (05:13):
And you know NetBoy used to have a massive audience
when they had a mass mail fan base watching them
as well, and that is what we're really going to
aim at bringing back, and it is it's about telling
those awesome athletes stories.
Speaker 3 (05:26):
You've got to tell about the drama between them as well,
like you've got to be like this player hates that
player because they stole that one's husband, like stuff like
that's important. Do you know what I mean?
Speaker 7 (05:34):
Well, well i'll tell you about you know, TVNZ We've
got a commissioning team that does a whole lot of
shoulder content and we do entertainment very well. So we
could have a silver fern on I don't know, one
of our reality TV shows, or we could come up
with a new concept. So yet we're looking into all those.
Speaker 3 (05:49):
Two Are you paying Netball New Zealand the rights fee?
Speaker 7 (05:53):
Obviously boring answer? Commercial deals we never talk about the details,
but what we can say, is we're bringing a massive
machine melody.
Speaker 3 (06:02):
The answers know, isn't it. You are not paying them
anything for this au Well.
Speaker 7 (06:05):
We're certainly going to extend the value for the sponsors
that they bring on board. So I think that that's
going to generate some releigant revenue.
Speaker 3 (06:11):
OK, So then tell me how this works. The cake
is normally back in the old days, like old days,
like as in before twenty twenty five. What would happen
is SkyTV or whoever would pay Netble New Zealand for
the right to broadcast the sport. You guys are now
not paying them. It's basically a freebie for you. They
are putting the money into production, is what you want?
Speaker 7 (06:32):
What I certainly didn't confirm that.
Speaker 3 (06:35):
You might go to confirm that. We know that, but
we're not stupid. We've worked it out. So there is
now no money going to Netball New Zealand. In fact,
it costs them now to put this on teally, So
how do they get money out of this? Are you
splitting advertising?
Speaker 8 (06:48):
No?
Speaker 7 (06:48):
Well, let's put it this way. The value of sports
rights depends on the audience and for the last a
very very large number of years and they've always been
behind a payball with a lot of competition.
Speaker 3 (07:01):
No stop, we've got to have a look. No stop, melody,
you've got as your phone's going off on noisy stop
it tsunami advisory. Oh now I can't see it. Oh
there we go. Tsunami advisory. Strong and unusual currents and
unpredictable surges at the shore because of an earthquake and
Russia melody, don't go swimming. Okay, no, I'm not going
to go.
Speaker 7 (07:21):
I'm actually by the harbor. So this is not a
good say.
Speaker 3 (07:24):
Yeah, get away. I can tell me quickly, how's it
going to work. So if if you had a certain
number of audience you start coughing up, does it work
like that?
Speaker 7 (07:31):
Then absolutely, that's how you value you write, So building
the audience, this is a long term play. More audience,
more value. So I think this is a great most
new jellingeople to come with us.
Speaker 3 (07:42):
Good stuff. Okay, best of like being near the water
their melody, Thanks for that, Melody. Robinson, Tiviz's head of
sports Events and Partnerships. I don't know if she just
realized what she did. She's like, I'm not confirming that
Tsunami alert I confirmed it. Oh well, we're all excited
about that. So anyway, there we go. So we're going
to talk to Darcy about that when he's with us shortly.
Because this is what's a massive deal for netball. I
(08:03):
feel like a lot of players. I mean I say
this with some sadness. I feel like, if you're not
watching netball, they haven't got any money. Now they're literally
having to pay to put it on TV. That's a
sad thing. That means netball players are gonna have to go,
like professional netball players in this country, gonna have to
go get jobs to be able to pay the mortgage. Anyway,
we'll talk about that in a minute. Stuart Nash has
joined the board of the Taxpayers Union. Let me repeat
(08:28):
that to you. Former Labor Cabinet Minister Stuart Nash has
joined the board of the Taxpayers Union, the right wing
organization hated by the left for being just bad people.
I always knew that he was a writing in disguise,
didn't you. He was in the wrong party A they
said very nice things about him. Stewart Nash, former Cabinet
Minister of Revenue Member of Parliament, brings deep experience in
(08:49):
public policy and governance. His insights from inside government will
add valuable perspectives the Taxpayers Union's advocacy for efficient public spending.
There you go, well done. Ste sixteen past.
Speaker 9 (08:59):
Four, It's the Heather d Pussy Allen Drive Full Show
podcast on iHeartRadio powered by News Talk zeb.
Speaker 3 (09:08):
Heather netball is the most played female sport in New
Zealand's been totally let down by Sky TV. The Herald
also writes absolutely neeling nothing about it. I hope TVNZ
will pick it up well, is that true? Nineteen past
four Sport.
Speaker 9 (09:19):
With tav bed Live within plays responsively.
Speaker 3 (09:24):
Darcy Watergrove sports talk hosters with us. Hello, Darce, and.
Speaker 10 (09:27):
I see you've had some revealing words from Melody Robinson.
Speaker 3 (09:31):
So what Melody has essentially confirmed to us is that
there is if you work backwards from the last thing
she said, they are not paying Netball New Zealand anything
for the steal. Netball New Zealand is essentially paying for
this to go to air because they're paying the production costs.
But when the audience hits a certain level, at that
point there will be rights money that go from net
from TVNZ to Netball New Zealand.
Speaker 10 (09:53):
Now Denny Wiley was reticent to explain that on the
program last night. In fact, also another interview with one
of my colleagues is a netball fiend, and Nathan Limmit
was very the less she said, the more she said.
Last night, there was a lot of sub diffusion, a
lot of walking around it. Well, there's this, and we've
got to understand that. There's okay to say, hey, we're
(10:15):
paying for it. You say, we're going into our reserves.
Speaker 3 (10:18):
So that's what they're using, the cash reserves full tape.
Speaker 4 (10:20):
Yeah.
Speaker 10 (10:21):
Ane Millicit said to me, it's like, well, you know,
to pay for your hobby, you've got to re mortgage
the house.
Speaker 3 (10:26):
Hey does this mean then? I mean, think about the
impact on the players, right they are going to presumably
have their pay cut.
Speaker 10 (10:33):
Oh they're in negotiation right now, aren't they.
Speaker 3 (10:35):
And they'll be out there getting part time jobs or
full time jobs to be able to professionally play netball.
This is unsustainable, dust, you'd say.
Speaker 11 (10:43):
So is it possible?
Speaker 10 (10:44):
Though? With the amount of eyeballs. I'm fascinating in the
balance between eyeballs on the screen because it's free to
air and actually cash money and how much you can
generate out of the eyeballs when it's on free to wear,
as far as Goship is concerned, even on the dresses
around all the venues they can I think that people
(11:06):
might buy into it, but you'd say that in order
to continue the strength of netball they need the children
playing the game, and how do you get the menu?
Stick it on free to wear a TV and it's
huge at that younger level, predominantly women, but some men
do play it. So I think that people who have
(11:26):
been critical of netball in New Zealand have got to
understand that if there's nothing on offer and no one's
got any money to pay them, and no one wants
to fork up any cash, what are they going to do?
Pull the pin and walk away. They've got to do something.
So it's a one year deal and they work from there.
It's a pretty tough gig, right, It is really hard.
Speaker 3 (11:46):
Actually, I want to talk about netball a little bit
more later onto the show. Talk to me about school
sport and Z banning the year four teams blanket ban,
which I think is a little harsh because in some
cases there will be a good case for somebody to
come back and finish their year thirteen.
Speaker 10 (11:59):
But do they have to play sport?
Speaker 3 (12:03):
What do you think do you think when when you
when you're a year fourteen? What if what if they
what if they're a kid who was advanced, like Clever,
advanced through the years. So is year twelve age playing
at year thirteen, but they want to play with their
age brackets, so they stay back another year.
Speaker 10 (12:18):
Okay, that might be an excuse. I'm sure there's reason.
I'm going to be talking about that tonight on this show.
Speaker 3 (12:24):
Then year capture.
Speaker 10 (12:25):
I think when you look at a number of athletes
at school now, a lot of schools put in this
commitment that if you don't do your studies and don't
do your work, you're not going to play anyway. So
you don't have people repeating that year of school. So
if they put conditions parameters around like that, then you
don't have that problem, right, But I think mainly it's
(12:47):
pointed at schools who are in essence cheating.
Speaker 3 (12:52):
Oh no, I totally agree. I just think blanket bands
are too inflexible. Right, there will be things.
Speaker 10 (12:57):
It's very it's very tough. Yeah, it's very tough, and
I think you've got to look after the MENI and
you make those laws based on the MENI not.
Speaker 3 (13:05):
The fut good stuff. Listen and very quickly you've got
Lima on top.
Speaker 10 (13:09):
Eight years coming back to play with the mulus. We'll
have a good chat to Lima. Well, I actually have
already to tell the truth. He's a top bloke. I'm
looking forward for everyone to hear that.
Speaker 3 (13:19):
Thanks Dars Darcy Watergrave Sports Talk Post. He'll be back
at seven this evening, four twenty.
Speaker 9 (13:22):
Three, getting the facts discarding the fluff.
Speaker 2 (13:26):
It's Heather Duplicy.
Speaker 9 (13:28):
Ellen drive with one New Zealand let's get connected news
talks that'd be hither.
Speaker 3 (13:33):
I'm a seventy seven year old man and I love
watching netball. You know what we're all thinking now? No? Sorry, sorry,
the game is a lot faster. I had nowhere near
the frustrated constant stoppages and rugby while they consult the
video if I do watch rugby and league and several
other sports. Stephen, thank you. Sorry, sorry, that's what we
all think about boys watching netble though, isn't it actually?
(13:55):
Look I do have I have a question for you
on netball, which is why why is it that we're
not watching? As I've got some theories, but I'm going
to deal with it later on because otherwise we're just
going to be just like way too much netball chat
right now, very quick update on Air New Zealand just
appointed the new CEO, Nikil Ravashanka, who's currently the Chief
Digital Officer. Now this is not really a surprise, and
you can tell it's not a surprise because the shares
(14:16):
haven't moved it basically at all. Today. Had been widely
tipped to replace Greg four and actually had been the
guy that Greg Foran was apparently, you know, basically backing
within within the business. This is an industry rumor. So
it's a bit naughty of me to tell you this
because I don't know that it's true, But bugger it,
why not let's go for it. Remember it's all conspiracy
theories are all go now that Epstein's Epstein's become a thing.
(14:38):
Rumor has it that the guy who's running Air New
Zealand India, you know he's a Kiwi, that he was
actually in the running become the Air New Zealand CEO.
But then he ballsed up his statement after the crash.
Remember that when they had the crash, which of course
was the first thing that probably put a dent in
his chances. Then the second thing is he got up
there and he said I'm really sorry and did the
sorry statement that basically was a rip off of somebody
(14:59):
else's sorry statement and at that point out of the
running anyway. So Nicol Rafashank is the guy has been appointed,
quite well liked, decisive, good emotional intelligence, not great in
a media interview, which is a problem for a New
Zealand because they really rely, like they have relied so
heavily on their CEOs in the past, think Rob Fife,
(15:20):
you know, being great in the media, Nicol like really
is not great, which is probably why he's doing no
interviews today. But anyway, he's got it. What's more important
being great in the media or raking it absolutely shed
loads of money because you're the CEO. Well done to him.
We'll talk about that later on Headline's next.
Speaker 9 (15:42):
Putting the challenging questions to the people at the heart
of the story. It's hither duplicy Ellen drive with one
New Zealand, let's get connected news talks'd been two nobody knows.
Speaker 3 (16:02):
Parisova is going to be a US and ten minutes
time and Dan Michiinson is standing by hither We bilited
a man last week who was a year fourteen who
was playing first fifteen rugby. He also worked as a
bouncer at a nightclub and he was playing against some
sixteen year old. Due to our school being small and
therefore not a huge selection of players, it's not right.
Bring on the ban. Yeah, I can see the argument, there,
(16:23):
can't you. Twenty four away from.
Speaker 9 (16:25):
Five, it's the world wires on news talks, they'd be drive.
Speaker 3 (16:30):
UK Prime Minister Sukiya Stama is ramping up the pressure
on Israel.
Speaker 12 (16:33):
The UK well recognized the State of Palestine by the
United Nations General Assembly in September unless the Israeli government
takes substantive steps to end the appalling situation in Gaza.
Speaker 3 (16:47):
So fourteen countries, including Australia and New Zealand have signed
a declaration saying they're willing to discuss to consider recognizing Palestine.
Here's elbow.
Speaker 13 (16:55):
People who are friends of Israel have to be able
to say what you are doing is losing support.
Speaker 3 (17:04):
Trump has been saying weird stuff about Jeffrey Epstein again.
He told media on Air Force one that Epstein poached
female staff from his spa, possibly including Virginia Gufray.
Speaker 14 (17:14):
He stole her and by the way, she had no
complaints about us, as you know, none whatsoever.
Speaker 3 (17:22):
And finally, some monkeys have set up an organized crime
group in a temple in Bali. The macaque steal phones
and wallets and valuables from tourists and then the rants
and them back to their owners in exchange for food.
Temple management has tried and failed to shut the operation down.
The local monkey handlers will often help tourists negotiate with
the monkeys for the return of their stolen goods.
Speaker 9 (17:43):
International Correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 3 (17:49):
Dan Mitchison, US Correspondents with US Hello Dan, Hello, he So,
how's your tsunami watch going? Have you got a problem?
Speaker 15 (17:57):
Well, I personally don't. Much of the California coastal area does,
at least tonight. We have an a point eight to
magnitude quake that struck near Russia a few hours ago.
So we've got a tsunami advisory and warnings for parts
of California and Hawaii and Alaska. And this will probably
hit about eight o'clock your time, So maybe about one
(18:20):
o'clock in the morning our time.
Speaker 2 (18:23):
Hawaii, they're scrambling.
Speaker 15 (18:24):
I'll tell you that the traffic there that the people
trying to get off the beaches and higher ground. They're
telling people go to higher ground, go vertical. The traffic jams,
as you can imagine in the gridlock when you're on
an island and so many people are living along the coast,
is just terrible.
Speaker 3 (18:39):
At this point, how long have they gone.
Speaker 15 (18:43):
About for Hawaii, I believe it's probably less than two hours.
For most of the California coastline and Alaska, they're looking
at about another three to four hours. Waves I mean
three to four feet maybe here they're going to be
a lot bigger though along some of the coastal areas
of hawais In Japan and Guam, they're saying they could
be anywhere from five to nine feet possible. And you know,
(19:04):
these are a series of waves and surges, so they
may not look overly impressive. You could say, well, three
foot wave, that's not much, but when you get that
kind of surge and there, it can causant damage.
Speaker 3 (19:13):
Yeah, absolutely all right, we'll keeping eye on that. Hey,
do you see that shoes were in New York left
of notes saying that playing football gave him CTE.
Speaker 15 (19:21):
Yeah, there's a lot of dots that need connecting to this.
I mean, he left the note saying that he apparently
was a great football player that went to school high
school in California. And then he walks into the headquarters
of the NFL and shoots four people. And they're saying, well,
how can something like this happen? I mean with a
(19:41):
security I mean, they've got a deputy that was working
now as a security officer off duty at the time.
He went into an elevator and he went up to
the thirty third floor, And so that's rattling a lot
of companies over here saying that how can something this
easy happen when you've got switched security these days? And
I don't know if that's a question that we can
(20:03):
really answer. Right now, A lot of companies are starting
to install these artificial intelligence video surveillance software so they
can look for anybody that is approaching your building that
has a weapon, and as soon as they see that,
it'll trigger the building to go into a lockdown mode
or for the elevators to you know, all of a
sudden shut down. But again I don't think we're there
(20:25):
yet with a lot of businesses.
Speaker 16 (20:26):
So did he.
Speaker 3 (20:27):
Actually make it into the NFL's offices because he died
what was a floor above or a floor.
Speaker 2 (20:32):
Below, a floor above?
Speaker 15 (20:35):
I believe he was on the And they're saying that
he got into the wrong elevator and that's why he
ended up so high up on the thirty third floor.
That's not where he was. He was intending to go
right now, had he gotten to where he was going,
and we don't yet know exactly where that was, I mean,
there could have been a lot more fatalities.
Speaker 3 (20:55):
Now, give me a scenes check on how all of
the stuff is going for Donald Trump re Epstein at
the moment. Is he in trouble or not.
Speaker 15 (21:03):
The President is still trying to push this to the
back burner of the news cycle right now. But as
you heard in the World wires there, I mean, it
is kind of confusing. He's saying that Epstein stole these
young women from him, and we're not kind of sure
what he's doing. I mean, he started talking about this
the other day when he was in Scotland, and he
had said he had banned Epstein from his private club
(21:24):
in Florida two decades ago on the White House originally
said that Trump had banned him because he was acting
like a creep. But now the story's kind of changing,
isn't it. And we've got that, And at the same time,
we've got him saying that the Wall Street Journal wants
to settle this, this defamation lawsuit that he filed after
they reported that Trump allegedly sent Epstein a letter. So yeah,
(21:47):
there's just I think this is just taking up too
much of his time and it seems to be wearing
on him quite honestly a little bit.
Speaker 3 (21:53):
Is he putting enough space between himself and it? Or
is he you know what I mean? Like people him
talking about it is almost I feel as if him
explaining things is working in his favor and that he
is managing to put some space between himself and Epstein.
Am I reading it wrong?
Speaker 6 (22:09):
No?
Speaker 15 (22:09):
I think you're right. I think that's what he's trying
to do. I think originally he was trying to ignore
it and put it on the back burner. Now he
still wants it on the back burner, but he's saying, Okay,
let's be a little bit more proactive about this. Let's
try to get a lot of transparency out of there.
But no matter what he says, I think it's still
kind of not going in the direction that he's hoping
it will go, and it's still sort of taking away
(22:30):
from a lot of his agenda that he's trying to do,
whether he's in over in the UK or Scotland or
trying to make these these deals with Congress.
Speaker 3 (22:39):
Good stuff, Dan, appreciate your time chatting in a couple
of days. It's Dan Mitchin's and US correspondenthither. It's thirty
minutes away in Hawaii, Brian, you're actually right, thank you
for that. I just double checked it. Estimated time of
arrival is sevent ten. This is the tsunami and Hawaii
is seven ten. Right now it's twenty to seven, so
in about half of so ten past five.
Speaker 6 (22:57):
Our time.
Speaker 3 (22:58):
Will let you know how it goes once we get
bit of an idea of what's going on there. Eighteen
away from five, so we've got nothing to fear from,
you know, Australia having a crack at the space industry,
at least rocket Lab doesn't. Because an Australian space company
tried today to launch an orbital rocket in Queensland.
Speaker 5 (23:12):
It's going, it's going, it's going, it's going. Okay, it's hovering,
it's hovering, it's hovering, it's hovering. It's gone.
Speaker 10 (23:25):
It's gone.
Speaker 5 (23:28):
Ah No, it didn't go.
Speaker 3 (23:32):
We'd a gay. What happened is look to be fair
to them, to be fair to them. The rocket had
been sitting on the pad for eighteen months. It's an
old one, they say, so they knew what went wrong. Basically,
what happened does it sort of goes up and then
it goes but sideways do not? Really what you want
with a rocket is it's gone up, Blu went sideways
and it's just like it's a little it's a little
(23:53):
bit of a bit of fire. Came back down again,
they say in a statement. Space is hard, and they
made it look like that. Seventeen away from.
Speaker 9 (24:04):
Five politics with centrics, credit check your customers and get payments.
Speaker 3 (24:08):
Certainty barriers in your political correspondence with us. Now, how Barry,
good afternoon. How are we not following the UK in
recognizing Palestine as a state.
Speaker 11 (24:16):
Well, we will eventually, I mean clearly. Winston Peter's made
that clear right from the beginning that the two state
solution is the end should be the end result. But
of course in the meantime, this dreadful situation has happened
in Gaza, and the problem with it is that it's
seen as using Palestine as a bargaining chip. And I
(24:40):
guess in a way that's what is happening. But look,
label was asking Winston Peters in the house this afternoon
why we weren't following the British example. Peter's found himself
agreeing with Simon Court. That's from the act party when
it comes to recognizing Palestine.
Speaker 14 (24:57):
If we are recognized the said of Palestine, to know
that what we are recognizing is a legitimate, representative, viable
political entity.
Speaker 17 (25:06):
We're recognizing the state of Palestine before Hamas's return the
hostages and laid down their weapons constitute a reward for
exit terrorism.
Speaker 14 (25:16):
That's most likely how it'll be interpreted. That very condition
is part of the request that we are making by
way of demands that they give it back to the hostages.
Speaker 11 (25:25):
See, and there's no way Palestine could ever be recognized
whilst the hostages are there. And I don't And so
Kis Starmer is not saying that either. He's saying there's
got to be a cessation of what's going on from
the Israeli side.
Speaker 3 (25:38):
Yes, so what you're saying is k one are Kiir
Starmer's I guess contingencies for this is not that the
hostages are back. Well, it's only forcing Israel's hand, Yes
it is. Yeah, that's fair enough. I do understand that. Okay,
So what's Willie Jackson got to say about these changes
to ELECTRONA.
Speaker 11 (25:54):
You'll never die not knowing what Willie Jackson thinks? Will
you really, as usual left in any doubt about Willie
Jackson what he thought about the changes, particularly the one
requiring people to enroll thirteen days out from an election.
Jackson called the coalition government rotten and a useless government.
(26:16):
Well that was the starters before he launched into entire
rade about what he really thought.
Speaker 16 (26:21):
Never before in my political life have I seen a
New Zealand government actively suppressed the vote. I rise today
to heap criticism and contempt upon the government for passing
voter suppression rules as egregious as this, and it's racist,
this enfranchisement. I don't know what's more offensive, the gerrymandering
(26:42):
of our voting rules to wreck the election or the
Deputy Prime Minister referring to six hundred thousand people as
drum kicks. Every key of conscience, no matter what their
political persuasion, should denounce this and denounce mister Seymour, I
said before, and I say that again is the most
dangerous politician of the last generation. And surely mister Speaker
(27:05):
not only a disgrace as a Deputy Prime Minister, but
surely the biggest rock kick of all.
Speaker 11 (27:14):
Like guys say, you're never left thinking or wondering what
Willie Jackson is thing?
Speaker 3 (27:19):
Go with everything there? Jackson thinks it's a disgrace. Okay,
So what do you make of Keiwi Bank being partially privatized.
Speaker 11 (27:25):
Yes, it's interesting, isn't it, Because look, the under capitalization
of Kiwi Bank means that it's a bit player when
it comes to the four big Australian banks. And I
think it's a great move that you know, this bank
is going to be a bank to be more reckoned with,
although to take on those Big four is going to
be really difficult. But the government will still own fifty
(27:48):
one percent of the bank minimally, and so it means
that it still will be a government bank to an extent.
But the interesting thing to me is that the bank
is run by Kiwi Group Capital. Now the chair of
that is David MacLean, who is the former see of Westpac.
(28:10):
And there's always been an argument as to Kiwi back
never being big enough to do the government's business. And
west Pack has got that job and has had that
job since nineteen eighty nine when it was given to
it by Roger Douglass. Before that, interestingly, it was the
Bank of New Zealand and of course we flogged that
off to the Australian so it's no longer ours, so
(28:32):
they didn't do the job. But it's a massive jobs,
from paying benefits to you know, looking after public service salaries.
So you can imagine what west Pac is making out
of this contract. And I think it's good that David
McLain is the man that will be at the center
of this bid to get what five hundred million dollars
(28:53):
into the bank. And you know who knows. Further down
the track we may see this bank coming the official banker,
and it should be the government owns that the Australians don't.
Why shouldn't we have them as our banker?
Speaker 3 (29:07):
You use it, don't you?
Speaker 11 (29:08):
I most certainly do loyal to New zeal.
Speaker 3 (29:11):
Yeah, and how do you find their service nowadays?
Speaker 11 (29:14):
Absolutely magnificently.
Speaker 2 (29:16):
Yeah.
Speaker 3 (29:16):
I don't believe a word coming out of your mouth.
Okay Bury. So for senior political correspondent, Right, well, we'll
get that chat about netball going next day. Let's talk
about it nine away from five.
Speaker 9 (29:24):
Putting the tough question to the newspeakers, the mic asking breakfast.
Speaker 2 (29:28):
Well, it hunts on for savings for next year's budget already.
David C. Moore's the Associate of Finance Minister.
Speaker 10 (29:33):
This year's trick was four point eight.
Speaker 2 (29:34):
A lot of it was the pay equity. Is there
another big money pile there? Or is this we down
to rats and mice?
Speaker 18 (29:40):
Well, people will call it rats and mice, but there's
an old saying, if you managed the penance, the towns
will look after themselves. We find that sometimes there's a
program that actually a lot of people didn't know about
that it was spending a lot of money. We find
that there's an agency that's growing exponentially over the last
five or six years and no one's quite sure what
it was that they were doing, so they didn't call
it rats and mice. I call it a constant drive
(30:01):
for efficiency.
Speaker 13 (30:02):
Back tomorrow at six am the Mike Hosking Breakfast with
Mayley's Real Estate News Talk ZIV.
Speaker 3 (30:08):
Listen Over in Australia, what's going on is, Oh, by
the way, we're fifteen minutes away from the tsunami hitting Hawaii,
so we'll keep you posted on that. So over in Australia,
what's going on? You know that they're moving to ban
the social media from the kids under sixteen and stuff.
They have now just included YouTube and that they've decided
they're going to put that in the mix as well,
along with Twitter and Instagram and Facebook and snapchat and
(30:29):
TikTok and all the other stuff. And I don't know
how I feel about this, because I one hundred percent
I'm all about banning the kids from the social media, right,
I'm one hundred percent committed to that. But YouTube feels
different to me? Does it not feel different to you?
It feels different because I can't see any value in
kids being on TikTok or Instagram at that age, but
(30:50):
I can see value in kids being able to access
the YouTube because I mean, you know, like somebody said
today to one of us, somebody said it to me.
They were like, if you quite understand how to do
the science experiment, you just search on YouTube. You're gonna
find some nerd who can explain it to you. So
there are some value for kids in that, you know.
I think there's some there's some learning that can happen there. Anyway,
(31:10):
we'll have a chat to Cecilia Robinson's. She's part of
the group called Before sixteen campaigning for it here in
New Zealand. She's going to be with us quarter past five,
so we'll get her take on it now. Four away
from five. Netball hither, You're comment about men watching netball
was disgusting, No wonder men don't openly talk about apologize.
I apologize up and look what happened was somebody sent
me a text on the text machine and it was
(31:32):
a man saying I watched netball because of the short skirts,
and I just went there on my head. So I
apologize unreservedly. But it does bring us back to the
netball thing, right, why don't we watch netball? Because and
I'm trying to I'm trying to understand this. If netball
is having to literally pay right now to get its
product on TV, as opposed to the old days being
last year when they were paid, Like any sport gets
(31:54):
paid for the rights to for a broadcaster to broadcast it,
netball is having to pay to put it on TV.
What is going wrong for netball? Because we should all
be watching it. It should be one of the most
highly viewed sports in this country, given that it is
one of the most highly played sports. Right everybody plays
netball as a kid and then you go off and
you do you indoor netball after work and stuff. Everybody's
got everybody's in the netball So why don't we watch it?
(32:15):
So and I'm asking you this, like, haven't I can't
figure it out? Obviously none of us can figure it
out that otherwise they would have fixed it and it
would be popular. But is the problem that it is
a women's sports so predominantly the audience apparently are teenage
girls and moms who are like forty, you know, mums
and young grannies forty and fifty and stuff. And I
just wonder if the problem is that when you're at home,
women are the ones who give up what they want
(32:37):
to do to keep the peace in the house. So
if you've got rugby League one versus you know, netball,
and you want to watch the netball, but the husband
wants to watch the rugby league. One hundred percent of
the time, you're just going to go, don't worry, love,
you watch the rugby leg I don't need to, you
know what I mean, because I'm cooking that donner anyway.
So this is why I think in part it doesn't
get watched. But can I also put it out there
that part of the problem is that it it's a
hard watch, like it's really shrill. Those little shoes on
(33:02):
the netball court, that's a lot, and then the whistle
back and then the ladies voices are also quite high.
But then also every other sport when you get the ball,
you get the ball and you run sept for with
netball where you get the ball and you stop. So
it doesn't work as a sport anyway. We'll talk to
the huddle about it, try to figure it out. Nikola
willis with us next on Kiwibank newstrimsvor.
Speaker 9 (33:28):
Digging through the spins to find the real story.
Speaker 2 (33:31):
Oring it's Heather du Person.
Speaker 9 (33:33):
Drive with One New Zealand let's get connected news talks.
Speaker 3 (33:38):
That'd be good afternoon, kW We Bank's got permission to
partially privatize. It's going to raise half a billion dollars
from investors to better compete with the big Aussie banks.
Nikola Willis is the Finance minister with us. Hey, Nikola, Hi, Ever,
so who are you looking at for potential investors?
Speaker 8 (33:53):
Hi? A New Zealand super fund funds in the form
of can we save funds? Potentially we are MARI Investment
Entities and other funds that exist in the professional investment
community in New Zealand.
Speaker 3 (34:09):
And they've already said they're interested.
Speaker 5 (34:11):
Yeah.
Speaker 8 (34:11):
So we've gone through a very comprehensive market sounding process
over the past few months to see are there people
who've got the capital and would want to invest, and
we've engaged with key we sa A funds, investment institutions,
professional investor groups and the like and that has given
the Kiwi Bank and the government confidence that yes, this
(34:33):
is a capital raise that can succeed. And so we're
now moving to the formal process.
Speaker 3 (34:37):
Why not go bigger than five hundred million? You can
go a lot bigger than this.
Speaker 8 (34:41):
Yeah, Look, it's a really good question. Actually, Kiwi Bank
is in the midst of a digital transformation and their
view is that completing that is actually necessary before they
go bigger, and in terms of the Crown getting the
most value for its stake, that we will get more
value in the future once that transformation has occurred. So
(35:05):
at this point their ability to deploy more than half
a billion dollars efficiently would be at risk. So we
think this is the right bit for where they are
in their growth chang.
Speaker 3 (35:14):
Okay, And so half a billion dollars means your ownership
stake as the government is what eighty percent?
Speaker 8 (35:18):
Still Yeah, Look, it will depend on the final issue size.
We've set up to half a billion, it may not
be that amount in the end, and of course what
share of the business that represents will depend on the
final issue price in the final structure of the deal.
But we've set up to five hundred million. Is what
we are up for.
Speaker 3 (35:38):
And what's it going to take to get you to
list it on the share market?
Speaker 8 (35:43):
Well, again back to this point one. We've said, look,
let's get an electoral mandate before we do that, and
so that will be for individual parties to take a
position at the election. But I've been advised that any
potential public offering couldn't take place before around twenty twenty eight,
because Kiwibank will have needed to have successfully completed that
transformation program to be appropriately positioned for that kind of
(36:07):
listing on the stock exchange. So that will be something
that I no doubt National Caucus will consider and take
a position on prior to the election. But the advice
I've received is pretty clear that the public markets are
going to be the most accessible source of additional capital
for Kewibank in the future. And I'm ambitious for Kiwibank's growth.
So the idea of extra capital meaning that we get
(36:31):
more lending, a more competitive bat banking market and textpayers
aren't on the hook, that appeals to me.
Speaker 2 (36:36):
Yeah.
Speaker 3 (36:36):
Absolutely, Hey do you know what Cash Betel's doing here?
Speaker 19 (36:40):
No?
Speaker 8 (36:40):
I don't, but I am aware of Cash Betel's presence.
Speaker 3 (36:43):
How were you aware of Cash Betel's presence?
Speaker 2 (36:46):
Ah?
Speaker 8 (36:46):
Because there were a bunch of handsome men and suits
on the seventh floor, and I said, who's in the
building because these look like very serious people.
Speaker 3 (36:54):
Who's on the seventh floor? Are you on the seventh floor?
Speaker 8 (36:57):
Mm hmm.
Speaker 3 (36:57):
That means when he's on the seventh floor as well,
doesn't it? So they here to see Winston.
Speaker 8 (37:02):
Well, the only reason I had anything to say and
answer to your question is because of that. So I'm
probably being overly open, said.
Speaker 3 (37:09):
Too much, haven't you. You've said too much. Thank you, Nicola.
I appreciate it. Nikola willis Finance Minister.
Speaker 2 (37:15):
Together, do for see how that?
Speaker 3 (37:17):
By the way, in New Zealand's appointed its new CEO.
Nickel Ravashanka is the current Chief Digital Officer who's been
promoted up. He's going to take over in October when
Greg four And steps down. Andy Bowley is the head
of research at Full Syth bar Hey, Andy, so well,
thank you. He seems well like does he? Is he
a good appointment?
Speaker 2 (37:38):
Oh?
Speaker 20 (37:38):
I think you know, in this kind of situation, when
you appoint somebody internally, the board know him pretty well,
know his skill sets and therefore have confidence in him.
Speaker 3 (37:50):
Do you think it's a problem that he hasn't been
the CEO before.
Speaker 20 (37:55):
I don't think it's necessarily a problem that he hasn't
been a CEO before. You get plenty of very good
CEOs that are first time CEOs. I think, in light
of some of the questions or conversations I've had from
Air New Zealanders since Greg Forum's resignation was announced. The
(38:15):
one thing that was repeatedly suggested to me is that
they need a new CEO with deep airline experience. So
I think, you know, the bigger question here is probably
less first time CEO, more around does he have the
airline experience that many in the business have.
Speaker 3 (38:33):
Well, I mean this is a really good question, right
because he's not actually an aviation guy, and you could
argue that the role that he's been playing, which is
digital officer, is also it's not steeped necessarily in in
like hardcore aviation. So what do you think?
Speaker 20 (38:49):
Oh, I think Nicky is in a better position than
Greg was when he comes into the role. You know,
Greg came into this business fresh into aviation and it
would have been a very very steep learning curve, not
least because of the challenges that Greg faced. So Nickiell
was in a much better situation than Greg was in.
(39:13):
But again go back to trust the trust the process, trust,
trust the board in putting forward the best, the best candidate.
Speaker 3 (39:23):
Do you think the fact that he's been appointed would
suggest that there mustn't have been that much overseas interest
in it.
Speaker 2 (39:29):
Yeah, I don't. I don't know.
Speaker 20 (39:32):
You know, there's a number of very capable, particularly New Zealanders,
that are in airline positions globally, and you know typically
this organization recruits New Zealanders as its CEO.
Speaker 3 (39:47):
And so what do you make of the fact that
the share prices barely moved today? Was this Bakedan?
Speaker 20 (39:53):
I don't think it's a surprise that has been named CEO.
I think there's been a reasonable understanding that he was
one of the leading, if not the leading, internal candidates.
So in that regard, it's not necessarily a surprise. But
you know, share prices move on a variety of factors,
and this will be one factor that has an influence
(40:14):
on a New Zealand today.
Speaker 3 (40:16):
Andy, good to talk to you. Thank you, Andy Bowley,
fullsthe bar Keller do so, Cash Pattel? Is that not
the most key we way to find out that the
director of the FBI, one of the key players in
the Epstein controversy that's unwinding at the moment, is in
New Zealand. Somebody spotted him in the beehive basement, somebody
(40:37):
spots him in the bee hope and then and then
you've got the Finance Minister on the radio, go what's
he doing? He goes, Oh, it's because it's all the
handsome men around the office. Oh so he was seeing
Winston Otwops. Shouldn't have said that, No, shouldn't have said that,
because we text Winston's guy. We were like, oh, what's
Cash Ptel doing here? And he text back and said
is he here? Yes, he's Yes.
Speaker 4 (40:56):
He is here.
Speaker 3 (40:57):
He's in your office. A nice try. Anyway, Cash Battal
is here because we spotted him in the basement. And
then Nicholas said too much. He's understood to be meeting
top beehive officials brackets Winston Peters after visiting Hawaii in
Australia this week the US Center. There's nothing else. That's
literally all we know. Anyway, Cash is here, yay, welcome
(41:19):
Cash quarter past Okay, get ready to get yourself by
the phone or get online because the following deal is
frankly absurd. This is not going to last and it's
not hard to see why, because it is a nine
dollars ninety nine canceled export order Marlborough Savagnon Blanc that
honestly would be one of the bargain buyers of the
year and It's available online right now at the Good
Wine Co. And their website is the Goodwine dot Co
(41:39):
dot mz. Now the wine is called Riley's Lookout Marlborough
Savignon Blanc twenty twenty three. And let's just say that
the quality you're getting here for ten bucks is unbeatable.
This is a quality five star rated Marlborough Savenon Blanc,
destined for an overseas market, but now being urgently cleared
at a rock bottom nine ninety nine per bottle. Mark
our words. You're going to be impressed by this. It
(41:59):
just gets it's better paid just one dollar per case
delivery nationwide conditions apply. This is quality five star rated
Marlbroo seven year bloc canceled export order nine dollars ninety
nine per bottle and a dollar per case delivery to
your door. Now, the phones are going to be ringing hot,
so if you can't get through, head online it's the
Goodwine dot Co dot z or still try giving them
(42:19):
a call. Oh eight hundred double six to two double six.
Speaker 2 (42:22):
To two Heather du plusy Ellen right now.
Speaker 3 (42:25):
It is eighteen past five. Now it turns out the
Australian government is now considering not only banning the under
sixteens from social media, but from YouTube as well. That's
still going to be able to watch it. They just
won't be able to set up an account or interact
on it. Cecilia Robinson is the co chair of the
Child Online Safety Advocacy Group Before sixteen and is with
us now. Cecilia, Hello, Hi, So despite the ban, they're
(42:47):
basically going to be able to use it, aren't they.
Speaker 21 (42:50):
Well, look, I don't think that that's the case at all,
and you know, to be completely frank, you know, this
limitation on the band that they are doing on YouTube
should have been included from the start and should and
what they should have looked at originally in Australia because
the problem with YouTube is that it's just like every
other social media platform, just like Snapchat, just like TikTok,
just like Instagram, and in the way that people are
(43:11):
creating user generated content and the way that the algorithms work.
So no, it definitely needs to be properly managed as well.
Speaker 3 (43:18):
Okay, but I mean if they are able to, if
they can still view it, then can't they still succumb
to the dangers of it?
Speaker 21 (43:25):
So children are going to be able to use YouTube kits.
And so as far as I understand the way that
this legislation is going to work, which is in the
same way that Facebook, Snapchat, YouTube Instagram are going to
all be treated in the same way. So YouTube shorts, yeah,
but that's not going to be viewed in some CAD's
only if they.
Speaker 3 (43:42):
Log in, right, So you don't have to log into YouTube,
you can just you can watch it without logging and
in which case you can watch the adult version, can't you.
Speaker 21 (43:49):
And look, that's where it's going to be really interesting
to see how this legislation evolves, right and see how
they actually get to that granular detail, because clearly what
we're trying to do is prevent young people from seeing
harmful content online. And so when you bring it back
to what the problem here is is that you're seeing
young kids as young as six being exposed to things
like violent pornography without even searching for it. And so
(44:10):
I think that this is a starting point. I think
it's fantastic that Australia is now accepting that YouTube is
also a social media platform which has been all along,
and actually accepting that there needs to be appropriate boundaries
in place for that.
Speaker 3 (44:26):
Text from Mike, this lady is crazy. I've got four kids.
YouTube is not social media.
Speaker 21 (44:32):
Yeah, look, it's a really clear cut case here. When
you look at how social media is defined by things
like algorithmic feeds, content virility, live streaming and stories and
just addictive nature of social media which has been provided
through TikTok and for YouTube, you can see that this
is social media.
Speaker 3 (44:53):
It's pretty plain and simple.
Speaker 21 (44:54):
And when you look at platforms that you compare, for example,
TikTok to, which has also been definedbviously on this legislation
in Australia, YouTube and specifically YouTube shorts operate in the
same way as TikTok does, so why they had an
exemption in the first place is mind boggling because they
operate the same way.
Speaker 3 (45:11):
Okay, Cecilia, thank you, appreciate your time. Cecilia Robinson before
sixteen co chair. Hither I subscribe to surf Line. It's
an international surf app that has beachcams all over the world.
I'm looking at the yki ki camera. The beach would
normally be packed dozens of surfers, but it's completely deserted
at the moment. Even though the tsunami was supposed to
hit ten minutes ago. I'm looking at some live TV
(45:33):
coverage it I'm seeing a lot of people on the roofs,
but I'm not seeing anything of waves arriving just yet.
And there's no international media coverage. There's no reports of
waves just yet. But we'll keep you braced and posted
five twenty two.
Speaker 9 (45:47):
Checking the point of the story, it's Heather Duplicy Ellen
drive with one New Zealand let's get connected and youth
dogs'd be.
Speaker 3 (45:56):
Five twenty four. Now, if you've been following the international
developments on Gaza, you will know that it is reasonably
significant that overnight the UK has threatened to recognize the
threatened which is a bizarre statement, but threatened to recognize
the state of Palestine by September if Israel doesn't reach
a cease fire, and if Israel doesn't abandon threats to
annex the West Bank, and if Israel doesn't commit to
(46:17):
moving towards a two state solution. Now it is significant
for a couple of reasons. Number one, because the UK
is the closest of the US's allies, which is Israel's
biggest backer, and because the UK was one of the
historic architects of the state of Israel, the established and
establishment of which has led us to where we are today. Now, look,
(46:37):
I have said in the past week, and I do
believe that, you know, you've got to do whatever it
takes to get us to the point where the people
of Gaza are being fed. If we only have words,
we use the words. If we've got sanctions, we use
the sanctions. If we have the ultimatum of a state
for Palestine, then we use the ultimatum of a state
for Palestine. But it does I can't shake the feeling
that this is a really strange bargaining chip, don't you think.
(46:58):
I mean, you either believe that the state of that
Palestine should be a state or you don't believe it.
If you believe it, then you should support it. Anyway,
it should already be the policy, and if you don't
believe it, then you should absolutely not be threatening it.
It frankly feels like a moral judgment, like a matter
of principle, not like something that you should be using
as a reward or an ultimatum to be traded for
(47:18):
good or bad behavior. But mostly I'm not sure it's
going to work. I mean, there are already one hundred
and forty seven countries that recognize Palestine as a state,
and that hasn't worked. So sure, the UK brings a
lot of heft to it, but is it enough to
have to change it? Probably not. I don't think that
the support of the UK will materially change the situation,
given that we can't be sure that it actually believes this,
(47:40):
or if it's just using it for leverage. I mean,
isn't the most likely thing that happens here that the
UK does pledge support come September, which I think it will,
and then does nothing to actually push that support into
it happening, do you know what I mean? It's one
thing to say I support the state of Palestine. It's
another one to put your diplomatic efforts behind actually getting
the thing up and going. I think it will do it,
(48:01):
but I don't think that this changes the calculation for
Benyaminnett and Yahu. Unfortunately. I don't think it stops him
from doing what he's doing. It's worth a go, though,
I suppose.
Speaker 2 (48:10):
Heather Duplicy Allen, no more.
Speaker 3 (48:12):
Baby shark videos for the kids on YouTube? Oh what
a let what are let down? There's a parent in
the other studio literally just air pumping right now because
we don't have to listen to that. On the question, Hey, listen,
I think this is fascinating on I'm getting a lot
of text saying I nailed it on netball, absolutely nailed
why netball doesn't work. Yes, netball is boring. Many of
(48:34):
us were forced to play it at school, so we
built in an intense Dislike Heather, it is a hard watch,
as you say, with the squeaking and the shoes and
the whistles, and don't forget I love my ladies. I
am one, but boy, we can hit a high pitch
with our voices when we want to a and you're
like he but hard to listen to Anyway, the huddle
can answer questions on that shortly.
Speaker 22 (48:54):
News is next.
Speaker 2 (48:57):
After making the news, the news is talk to Heather first.
Speaker 9 (49:02):
It's Heather Duplicy Ellen drive with one New Zealand let's
get connected and youth dogsa'd be.
Speaker 3 (49:13):
Yus with us? So well then she's not exciting to
Simon Simon Bridges is with us after six o'clock. But
guess why I think this is fascinating because Simon Bridges
has come out against that stupid surcharge that the government
is banning. Now, the government came out and we're going
to ban the Searcharge Simons. Simons agrees entirely with me,
which is utterly pointless doing this.
Speaker 8 (49:33):
Ye.
Speaker 3 (49:33):
Absolutely, we want to give consumers a better deal, but
it's just going to raise our prices anyway. And why
aren't you dealing with the banks and the people who
are putting this on the retailers in the first place.
He's going to be this after six to explain. Also,
I need to talk to you about this. There is
a study out which completely dispels the idea that if
you throw money at families like welfare, give them just
lots and lots of government money, suddenly their kids are
(49:55):
going to flourish. So standby, we're going to deal with
that shortly. It's twenty four away from six. Do for
thee Ellen Now on Daza, our government has not gone
as far as the UK in threatening to recognize the
state of Palestine. Instead, they've signed a declaration saying they
are willing to consider it. Here's Winston Peters.
Speaker 14 (50:12):
New Zealand has consistently said that we're willing to recognize
Palestine and that is a question of when, not if
but we do need to see progress on some of
the fundamental issues relating to a Palestine state's legitimacy and viability.
Speaker 3 (50:26):
John Minto is the co chair of the Palestine Solidarity
networking with US.
Speaker 23 (50:30):
Hello, John, I'll kill the heather.
Speaker 3 (50:33):
Is this move from Kirstarmer actually going to make a.
Speaker 4 (50:35):
Difference, Well, no, I don't think it will. I think
recognizing Palestinian state is something which we should do, all
Western countries should have done a long time ago. But
it won't bring peace in the Middle East. And it's
important to say that. I think you know, what's happened
over the last the last thirty or forty years is
(50:57):
the public opinion about Palestinians. And I think as Radi's
that are genuinely looking for a solution is to say, look,
two states is not going to work. It should be
instead a single state where everybody has equal rights. And
I think that's what what Israel's done, of course, is
they've made it extremely difficult, if not impossible, for a
Palestinian state to be formed, because in the Palestinian territory
(51:21):
of the West Bank they've built over two hundred illegal
as Raeti settlements of Palestinian land, and so all Palestinians
have got left as a piece of Swiss cheese. So
you've got all of these Israeli settlements on their land
connected by roads, and we're roads which Palestinians are not
allowed to drive on, and so Palestinians are left with
(51:44):
just these tiny little pockets of land, as I say,
like a piece of Swiss cheese.
Speaker 3 (51:48):
Does it strike you as odd to be using something
like a state which I don't feel like it should
be used like a bargaining chip like this is quite
a bizarre thing to do, isn't it.
Speaker 4 (51:57):
Well, I'm pleased to say that because I first heard it.
He's threatening Israel with a Palestine the in state. That
is absolutely bizarre. So I quite agree. I agree with
your characterization.
Speaker 3 (52:10):
Okay, now you know what we've observed, and we've been
talking about this actually in the office a bit lately.
We have not seen it. Like what is happening in
Gaza is more horrific than at any time since since
Hamas launched the attacks on Israel. But at the start
there were all these protests, and now the protests have
dried up. Why don't you people protest about this anymore.
Speaker 4 (52:29):
There are protests going on here that every single week,
in every single center around New Zealand, everywhere down Queen
Street in christ Church in Welling. They are in Wellington.
Speaker 3 (52:41):
Back in the days, back in the old days, like
last year, there were all those big protests that were
on the domain. And so he's still doing that.
Speaker 4 (52:48):
Yeah, they're still happening at this time. I mean they
haven't had the huge numbers they hit earlier on, but
definitely they're still there. And the visibility of this issue
was really high. Oh no, I think, well, I just
think it's inevitable, and I've been surprised that that they've
gone on as long as they have. But what's happening
now is that people that are increasing in size because
(53:09):
people can see the horrific, just the horror of what's
happening before our eyes, the vicious cruelty of the Israeli occupation,
and it's something I've never seen in my lifetime, and
so many of us older people, you know, we look
back and you know, I mean, it's been horrific for
(53:30):
Palestinians all the way through. But in fact, what's happening
now is just beyond imagination.
Speaker 3 (53:34):
John, thanks for your time. John Minto, Palestine's Solidarity Network
coach here by the way, on the situation in Hawaii.
So I've been watching the live the video. I mean,
the footage is a little bit delayed now because they
may have lost daylight. I don't know. Sky's got a
live camera. Sky's got a live camera from Honolulu. It's
just black. Like literally, they've gone live to Honolulu and
(53:56):
Hawaii and they've kept it going like they're doing some
other interviews. It's little box at the bottom of the screen.
It's just black and no value whatsoever. I can't see
the waves, mate, because it's nighttime anyway. But earlier on
when they did have some daylight, there was the tide
was definitely coming in. There was a bit crunchy, a
few crunchy waves. But if you're looking for one of
those big, you know, sucking kind of dramatic things, I don't.
(54:18):
I don't think that we're seeing that at the moment.
Twenty away from six the.
Speaker 9 (54:21):
Huddle with New Zealand Southby's International Realty Unique Homes uniquely.
Speaker 3 (54:26):
For you on the Huddle of Us is even in
clear Delort. Journalists and Jack Tame, host of Q and A,
and Saturday mornings on news talks, there'd be hello you.
Speaker 24 (54:31):
Too, Hello you too, Claire?
Speaker 3 (54:34):
Do you also find this odd to be threatening as well?
With the state of Palestine?
Speaker 23 (54:39):
It is odd, and I honestly think Kere Starmer's probably
acting or talking mostly because of pressure from as many
unhappy backbenches rather than any particular point of anticipated principle.
He's got huge problems domestically with his caucus, so forced
back downs on things such as the welfare forms, and
(55:00):
now there is renewed pressure from a very large left
faction that he has regards it.
Speaker 25 (55:07):
So.
Speaker 23 (55:08):
Yes, it is shocking that we see babies, children, ordinary
men and women like us who are hungry, some us starving,
and yet there are these conditional threats. There's six weeks
to go or so until the General Assembly met, and
in that time more having more destruction, more death will
be wrecked, and it is hard to see where it's
(55:28):
going to be interrupted and stopped easily. Yeah, Letia who
is getting away with.
Speaker 3 (55:34):
It all the time, and as angry as Ntnya, as
angry as it's made Netna who sound Jack, I hardly
think he's going to do anything because this is he well, I.
Speaker 24 (55:44):
Mean it's my view that netnya who's been acting in
his own self interest basically since October seven. I mean,
and it was maybe the single greatest security failure, certainly
of most recent decades, for a state which prides itself
on security more than preps any in the world, when
October seventh happened. And yet, you know, I think there
(56:05):
can be very little moral justification, he knows, strategic justification
whatsoever for continuing the war as long as they have,
and certainly to the extent of the kind of horror
that we've seen in the last few weeks. I mean,
you know, I don't think there can be many right
thinking people in the world who have seen the images
out of Gaza in the last few weeks who haven't
(56:27):
been utterly appalled. And you know, it's interesting, clear Rais
is a good point. I think it's really interesting watching,
you know, lots of Western countries try and respond to this,
because I think there are kind of two forces at play.
The first is that over the last were approaching two years,
very little international pressure seems to have had an effect
(56:49):
on Israel's actions, and obviously the US is more or
less supported than right at the beginning of this war
and have continued to ship them arms and all that
kind of thing. But number two, I think politicians like
to Stama are increasingly concerned about the domestic impact of
their relative lack of response up to this point, and
they're looking at their constituents, They're looking at their voters
(57:10):
who say, hang on, why isn't my government standing up
more forcefully? And that's why he's acting.
Speaker 3 (57:15):
Yeah, that's probably exactly now clear. Is YouTube social media?
Speaker 23 (57:22):
Look, I don't know. I guess it is sort of.
But if your point is how do you stop children
from seeing it? I'm not sure because they have older brothers, sisters.
For example, I can turn on the television and access
YouTube very easily. Have you stopped children doing that? And
if very easily and without any effort able to access pornography?
(57:46):
The algorithms of whoever is mostly using YouTube and their
home has brought that in. So I think there is
a heck of a pressure now needed to be put
on parents to know what their kids are doing, to
control what they themselves are easily accessible device.
Speaker 3 (58:03):
Yeah, totally. Actually, I want Jack, I want your take
on it. We'll get it after the break huddle sixteen
away from six.
Speaker 9 (58:09):
The Huddle with New Zealand Southeby's International Realty, the ones
for unmasked results.
Speaker 3 (58:15):
Back with the Huddle cleared the law and Jack Tame Jack.
I'm probably it is up to the parents, ay, because
you can watch YouTube without an account, so you can't.
Speaker 24 (58:21):
You can't ban the kids, Yeah, you can, although you
can imagine there might be some sort of policy solution
in which they try and find a middle ground. Ultimately,
obviously YouTube's kicking up a bit of a fuss over this,
whereby they say, Okay, maybe if you're under sixteen you
can access verified shows. We're not just going to give
you random videos that, you know, random YouTube users have
(58:43):
posted online. But I think what's extraordinary is if you
step back a little bit, the extent to which all
of these so called social media platforms and I'll include YouTube,
and it's just for the sake of argument. So YouTube, Facebook, Instagram,
TikTok are all just becoming versions of each other. But
they are all basically just platforms where you watch videos.
(59:04):
The algorithms try and work out what you like and
keep you watching as long as possible, and then feed
you another video, and feed you another video. It used
to be that social media gave you posts from your friends. Well,
the vast majority of stuff that we all see on
social media these days hasn't actually come from our friends.
It's just videos posted by whomever that are designed to
keep us using it. I mean, yeah, yeah, I do.
(59:27):
I find it as addictive as anyone else. Absolutely, what
do you find out?
Speaker 3 (59:31):
What are you looking at?
Speaker 24 (59:34):
I'm just whatever slop is fed up to me. And
I mean, so I love watching football videos, for example,
and so I just get like sensational Leo messy goals
after sensational Leo messy goals and updates about football transfers.
Now that might not be everyone's cup of tea, but
the algorithms worked out that I linger on those images
for longer than I do other things. But the point
(59:56):
is that when we started using this stuff, like I
would follow Heather so I would get updates when here
the posts. Heather might follow my mum and so you
get updates from my mum. But these days, the vast
majority of stuff that we all see on these platforms,
there's just videos posted by whomever that's designed to keep
us watching for longer, which is a massive change. So
social media isn't actually social anymore.
Speaker 3 (01:00:17):
It's just me media. Yeah, it's a very fair.
Speaker 23 (01:00:19):
Point, and it's quite antisocial really, because you do get preoccupied.
It's a fair feeds into your appetite. It is like
an insatiable hunger for it. You mentioned your love of
football football that you said, Jack, I think at the
moment my one keeps coming up that we do not
care club set up by a woman who does little
(01:00:41):
videos about things that perimenopausal, menopausal post menopause cannot care
of us anymore.
Speaker 3 (01:00:49):
Actually, to think of it, when I do occasionally log
onto Instagram, which is very rare nowadays, I get fed
ones about parents, just like having a winge about terrorist
terrorist children.
Speaker 24 (01:01:02):
So Instagram knew my wife was pregnant before she did.
Speaker 3 (01:01:06):
Yep, that'll probably be about right, because she'll be doing
weird things that they'll be like she's nesting. Hey, Clay,
do you watch Netbale?
Speaker 23 (01:01:15):
I actually really like watching it live. I think it
is actually a harder watch on television. Well, it's not
so much that, it's just that beyond court play, it's
quite hard to go up areal as you can to
some other sports, and unlike, for example, tennis, which I
absolutely love watching on television. Tennis is just two pairs
(01:01:37):
back and forth with rugby, you know you can you
can pull all the way out and for to see
what's happening on the field. It's quite hard on a
smaller network course, but that'sn't just ify not trying to
build netball up. Netball has got a big following at
the moment, it's in a real chicken and the egg
kind of situation. But I do hope to deal with
(01:01:59):
TV and Z me that the cross fertilization that TVs
that does, for example seven Sharps is basically promote an
awful lot of other TV's products. They can harness all
of that and hopefully, as the Breakers did, was it
the black holes or who came in and sort of
took it a signed them up, them up, stepped up
(01:02:20):
with money, hopefully they may sign a savior who will
get in there with the sponsorship and they can at
least give it a really good go.
Speaker 24 (01:02:29):
I think it's totally worthwhile. What do you think whether
I'll go real fast, I'll go real fast. I think
I really hope that this worked out well. It's great
to see netbill are free to air. I do think
there are lots of causes behind netball's problems, but I
do think fundamentally it's a bit of a cautionary tale,
and that as the world started turning to Instagram and
(01:02:50):
Netflix and YouTube the entertainment, netball went behind a paywall.
And for big sports that might be okay, but I
think for what are relatively minor he spoort, at least
in a global context, I think putting up any barriers
to having eyeballs watching your game is a really dangerous move.
And I wonder if a big part of their problems
they're experiencing today because of that decision a decade or
(01:03:12):
so ago.
Speaker 3 (01:03:13):
Very interesting, Hey guys, thank you, really appreciate you. Yeah,
very food for thought for me to really try and
nut out why I don't like the netball Eight away
from six.
Speaker 9 (01:03:22):
It's the Heather Duper See allan Drive full show podcast
on my art Radio powered by News Talk z'b.
Speaker 24 (01:03:30):
Look.
Speaker 3 (01:03:30):
Still still nothing to report on the waves. Happy to
say though, that Sky's fixed its camera in Honolulu, Hawaii,
and at least now you've got a you've got some
lights in there, but it's a locked off shot of
a city. So and I mean, yeah, you can sort
of see it's kind of aiming through the buildings. If
you've been to Hawaii, it's kind of like a couple
of blocks back from the beach. It looks like it's
(01:03:50):
kind of aimed. So they obviously got a lot of
confidence those waves are going to make it in anyway,
nothing to report just yet. And the BBC is reporting
that tsunami waves expected to hat Hawaii shaws shortly, so
those waves are at least forty five minutes late. So anyway,
which is a happy day because it's given other people
people more time to get away from the waves. Obviously,
I keep you posted on it. Five away from six.
(01:04:12):
By the way, do you remember that memo that came
out from the cops saying anything under five hundred dollars
worth of shoplifting, don't investigate, just just file. It turns
out more than five thousand complaints of shoplifting were not
investigated when that memo was in force. In Auckland there
was nine hundred and twenty seven complaints of shoplifting, only
seventy three were investigated. In Canterbury seven hundred and forty
(01:04:34):
two complaints, only one hundred and ninety two were investigated,
and in Wellington, out of about seven hundred complaints, only
one hundred and thirty one were investigated.
Speaker 8 (01:04:41):
So there you go.
Speaker 3 (01:04:42):
So the study told you about the study. So this study,
which is just out, seems to dispel the idea that
if you throw money at families, the kids will will
develop better. What they did in this which is basically
just in his idea. Remember just telling you about Justina's
book and the best policy idea that she thought she
had was that for every newborn you give them sixty
(01:05:02):
dollars a week for the first year, and then that
will just change the game for the newborn. Doesn't work,
according to the study. In the States, what they did
is they got about one thousand poor mums with newborns
in New Orleans, New York, Greater Omaha, and Minneapolis Sant Paul.
More than eighty percent were black or u Latino. Most
were unmarried. They then randomly divided them into two groups.
(01:05:22):
One group was given twenty dollars a month and the
second group was given three hundred and thirty three dollars
a month, so considerably more. And that's on top of
what they were already earning. And they did this for
four years with the babies. They expected that the group
that got more money the kids would come out better,
but that didn't happen at all. After four years of payments,
children whose parents received three hundred and thirty three dollars
(01:05:43):
a month from the experiment fared no better. They were
no more likely to develop language skills, avoid behavioral problems,
developmental delays, demonstrate executive function, or exhibit brain activity associated
with cognitive development. They were no more likely than the
poorer kids to avoid chronic health conditions like asthma. The
mums did not waste the money like that went to
the kids. They didn't buy booze or sighies the mums. Weirdly,
(01:06:05):
what actually happened to the mums was that the ones
who got more cash actually reported higher levels of anxiety.
And I think it's because they felt more pressure to
excel as parents. Anyway, what this shows what the researchers
are highly upset about this because it's just disproved the
idea and they're fighting about it basically. But what you
(01:06:26):
can take from this is they don't know what's going on.
But most likely what it means is that we know
kids from richer families do better than kids from poorer families.
But it's not about the money. It's about what the
parents are doing right. So maybe the parents are richer
because they have got things in their lives like discipline
and health and waking up early and going to bed
early that make them successful and then make the kids
successful as well, not the money. Simon Bridges.
Speaker 9 (01:06:47):
Next, fuck what's down on where it makes you cause
and how will it affect the economy? The Big Business
Questions on the business with Heather Duplessy Elan and MAS
for Trusted Home Insurance Solutions News talks eNB.
Speaker 3 (01:07:12):
Coming up in the next hour. It looks like a
US labor market is softening up. Milford Asset Management will
talk us through that genetive Trainey on the key We
Bank partial privatization and Gavin Grater is the UK for
US at seven past six. Now the New Zealand Chambers
of Commerce have banded together and spoken out against the
government surcharge band They're worried it's going to harm small businesses.
Simon Bridges is the CEO of the Auckland Business Chamber
(01:07:33):
and speaking on behalf of all of them, and of
course a former National Party leader and with us. Now, Hey, Simon,
Hey evening, Heather. Any idea how big the impact is
going to be on small and medium sized retailers.
Speaker 26 (01:07:43):
I think really significant. I mean the first point I'd
make is you mentioned the New Zealand chambers twenty nine
chambers from Northland to Southland.
Speaker 2 (01:07:51):
Yesterday My email was going hot.
Speaker 26 (01:07:53):
I mean, they are really concerned about this all over
the country and that's because I think, to answer your question,
we're talking about ninety seven ascent of businesses, which are
small and medium businesses and the reality is the banning
of a surcharge isn't a cost free exercise, despite what
the government may think. Consumers may like it, but someone
(01:08:13):
has to pay merchant fees and I think the news.
Speaker 15 (01:08:16):
On that is.
Speaker 26 (01:08:16):
Look, it's either going to be through price hikes that
consumers may not appreciate or understand, or it's going to
be the poor old sme in areas like retail, hospo, tourism.
Speaker 2 (01:08:28):
That are going to be having to find a way
to pay for it.
Speaker 26 (01:08:30):
And I hate to tell again the government the bad news,
but those SMEs aren't exactly in Clover at the moment.
Speaker 23 (01:08:36):
No.
Speaker 3 (01:08:37):
Are you surprised by the strength of feeling out there.
Speaker 27 (01:08:40):
I am.
Speaker 26 (01:08:41):
Look, you know, at first blush, I think you know,
you see the announcement, you think, oh, well that all
sounds very nice.
Speaker 2 (01:08:46):
That's well intentioned.
Speaker 8 (01:08:48):
There's a lot of people will like that.
Speaker 26 (01:08:49):
But I think, you know, when you really think about it,
there is a merchant fee from banks or from other
payment providers.
Speaker 2 (01:08:56):
It does have to be paid.
Speaker 26 (01:08:59):
And so look, actually one way to think about this
is all the government's doing by banning the surchargers as
they're making the whole thing less transparent. The fee, the cost,
the price in the end to someone that someone's got
to pay, whether it's consumers or resumes. It doesn't go away.
Speaker 2 (01:09:15):
It's just being hidden.
Speaker 3 (01:09:17):
Now what do you think is going on here? So
I'm go and put your political hat on and explain
this to me, because this is a government that's supposed
to be pro business, pro smaller medium enterprise, and yet
they've done something that they know full well is going
to hurt these guys. Why they do it?
Speaker 26 (01:09:31):
What I suppose this is in there in there? You know,
there was so many you know, unintended consequences come from that.
They've got good intentions. They're sitting there thinking well, this
is going to be good for consumers. We've heard a
lot of gripes about this out on the stumps, but they,
you know, I think in the Chamber of commerce movement
thinks haven't really thought it through. I think the other
(01:09:52):
surprising thing about this is when you think about someone
has to pay, it may well be in many cases
that the retailers that the SMEs paying it. But I still,
for the life and we can't see why, you know,
you wouldn't have gone to source of the fees, which,
as I say, as banks fundamentally and other payment providers,
(01:10:12):
why they haven't gone there and instead they're probably getting
you know, ninety seven percent of businesses the SMEs.
Speaker 2 (01:10:19):
That's a bit beyond me.
Speaker 3 (01:10:20):
Listen, have you got a grip yet on just how
this actually works? How much the banks are responsible, how
much for how much the visit MasterCard guides are responsible for?
Because it's so complex, it's really hard to rewind, isn't it.
Speaker 26 (01:10:34):
No, Look we haven't. I mean, what's happened yesterday? The
announcement was on Monday yesterday. As I say, my emails
were hot, literally from the morons of all the Cambridge
through the Southland and Queenstown Chambers of Commerce.
Speaker 2 (01:10:46):
They were all on.
Speaker 26 (01:10:46):
They were getting a lot of feedback, so I couldn't
tell you a percentage. I think what's true is, you know,
if we're being objective about this, there will be cases
where the bank put on.
Speaker 8 (01:10:55):
You know, X, and there'll be retailers who put on
a bit more.
Speaker 26 (01:10:59):
Than that they sweet in the deal. But I'll give
you an example I just saw in from the Queenstown Chamber.
You know, travel agents they can no longer charge any
commission on the likes of Air New Zealand fees, you know,
so if the punter comes in and wants to pay
for that on credit card, you.
Speaker 2 (01:11:17):
Know, by tapping their card.
Speaker 26 (01:11:20):
Look, actually, one way to think about it as a
travel agent is helping pay for that person's holiday, right,
They are paying real cost with that. So that's the
sort of thing we're talking about.
Speaker 3 (01:11:31):
Yeah, all right, do you reckon you can get them
to back down.
Speaker 2 (01:11:36):
I think we'll try.
Speaker 26 (01:11:36):
I mean, I think what we need to do is
is talk to ministers. Look, there's definitely an issue here,
but the way through isn't I don't think unnecessarily this
they're talking about a bill before the end of the
year and you can beat your bottom dollar that the
Chambers of Commerce will be submitted on it go you.
Speaker 3 (01:11:53):
That's the spirit. Simon Bridges, CEO of the Auckland Business
Chamber twelve Fastwether.
Speaker 8 (01:11:58):
Do for.
Speaker 3 (01:12:00):
Althy're just evacuating the workers at Fukushima Nuclear Plant at
the moment on account of what's happening there with the
tsunamis and the earthquakes and all the stuff. So a
little update on Adrian Or is that Treasury has now
released more information whose remembered. Ah, you know what, it's
not the thing that happened that's the problem. It's the
(01:12:20):
cover up that's the problem. Always the case, and the
problem with all of these government agencies is so what
if Adrian Or had done some swearing and shouting and stuff.
Nobody's surprised by that. We all knew he behaved like
that is fiery redhead. We could see it, and we'd
heard the yarns right anyway, it's them trying to cover
up and don't tell anybody what happened, or don't release
that No, don't release that information through the OAA anyway.
(01:12:41):
So now they've released some information, they say they're doing
it now because of the passage of time, which apparently
makes everything better. It's not even that bad. It's a minute.
It's minutes from a meeting. This is the treasury meeting
that happened on February twenty four, only a few days
before he finally packed us tanty and headed out the door.
And at the meeting is Neil quick and Christian Hawksby,
who's now, of course, the acting governor, and Ian Rennie
(01:13:03):
the Treasury Secretary, and four other officials, and don't don't
own Adrian or so anyway, the minutes appeared to make
it clear that Adrian Or pushed back against Nichola Willis's
expectations for a review of tougher bank capital rules that
he is believed to have viewed as an important part
of his legacy at the bank. Knew that, and that
a rift had opened up between him and the board
on the minimum funding that the Reserve Bank required. In
(01:13:25):
other words, the Minister was saying, Nichola was saying, you're
only going to get this much money, and Neil quickly
was going, that's right, We're only going to get that
much money. That's all we need. He's the chair. And
then Adrian was going no, we need a lot more
than that, and he's the governor, and so they would disagree.
Hawksby then left then or left early. By the way,
the forty five minute meeting hadn't actually wrapped up yet,
(01:13:47):
and after the two of them left, with them out
of the room, Neil quickly pipes up and says, basically,
it's okay, don't worry. We don't need all the money
that Adrian all thinks that we need anyway. That's the
nuts and bolts of it. Why why did you not
really nothing? It's like no one even wrote down and
then he called someone a blah blah. None of the
swearing has been written down in this just anyway. I
(01:14:09):
can't because because what's happened is a story that's she'd
been over and done with that day, that week is
now dragging.
Speaker 2 (01:14:15):
Onto what is this?
Speaker 3 (01:14:16):
We are close to month five on the World's most
boring resignation story fourteen past six.
Speaker 9 (01:14:25):
It's the Heather Duper c Allen Drive Full Show podcast
on my Heart Radio powered by Newstalk Zebbie.
Speaker 3 (01:14:32):
If you're a fan of Harry Styles, you're going to
want to hear the Harry Styles news I've got for
you in just a minute seventeen past six. Now, after
years of an historically strong US labor market, there are
now growing signs of softening beneath the surface. Brendan Larson
from Milford Asset Management is with US afternoon.
Speaker 2 (01:14:47):
Brendan, Good evening.
Speaker 3 (01:14:49):
Right, Let's start a little bit with some background before
we dive into what's actually changed here.
Speaker 22 (01:14:54):
Oh yeah, sure, So, I guess over recent years, the
US labor market has been extremely strong. Coming out of COVID,
consumers had a lot of money and a lot of
pent up demand for goods and then eventually services. So
this resulted in a surgeon consumption, which I guess meant
that business has required more and more workers. I guess
the best reflection of this is really looking at demand indicators.
(01:15:16):
So the Job Openings and Labor Turnover Survey referred to
as jolts AS is probably the best one to look at,
and that surged to a high of twelve million job
openings in twenty twenty two. So for perspective, that implies
two job openings for every one unemployed person. So while
demand surged initially, supply of labor was subdued. Participatient rates
(01:15:36):
were low after COVID immigration was weak with travel, and
so that meant that the demand massively ours striped supply,
and the unemployment rate quickly declined from that thirteen percent
peak in twenty twenty to a trough of three and
a half percent in twenty twenty two.
Speaker 3 (01:15:50):
Yeah, the supply picture changed quite a lot as the
country's reopened after COVID dy.
Speaker 2 (01:15:55):
Yeah, that's right here.
Speaker 22 (01:15:56):
The immigration surged in the US actually after twenty twenty
two too, sort of Biden government in particular were really
keen to get migrants into the US to support growth.
Speaker 8 (01:16:06):
So we saw.
Speaker 22 (01:16:07):
Immigration reach a peak of three and a half million
in twenty twenty three. So that's three and a half
times the average rate pre pandemic. And so that did
two things really for the US economy. One that added
significant supply of labor to a very tight jobs market,
and two it meant there were more people in the
US consuming goods and services, which obviously boosted GDP likes
(01:16:27):
the Biden government wanted.
Speaker 3 (01:16:29):
And so how was President Trump's focus on reducing immigration
changing this up?
Speaker 22 (01:16:34):
Yeah, so we're actually seeing that immigration crackdown already show
up in the data. So nit immigration is annualizing at
a pace of about five hundred thousand at the moment,
and so that's obviously done materially from that three and
a half million level of twenty twenty three and half
the pace of the pre pandemic trend. But this lower
immigration is also masking some softness in the demand side
(01:16:54):
of the US labor market. So overnight we got updated
Joltz data that showed vacance's declined to seven point four million,
so that ratio is now shifted to one job opening
for every one unemployed person, and the trend in recent
payroll data is also declined. But with this huge decline
in immigration, we're seeing really the opposite effect of what
occurred in twenty twenty two, so this removal of supply
(01:17:17):
of laborer from the market. So that means despite falling
demand for labor, supply is falling and therefore the unemployment
rate isn't rising as much as one would expect, and
hence this masking of some of this weakness. We actually
get new data later this week on payrolls, and that's
really quite important for a direction of monetary policy in.
Speaker 3 (01:17:36):
The US, and how does it compare if you have
a look at what's going on with the New Zealand
labor market.
Speaker 2 (01:17:42):
Look.
Speaker 22 (01:17:42):
As we know, the New Zealand economy remains quite weak
and this is also reflected in the labor market. So
the unemployment rate in New Zealand has risen from a
low of about three point two percent in twenty twenty
two to five point one percent in Q one this year.
On the demand side, job advertisements had stabilized, but data
this week actually confirmed a renewed down trend. There are
(01:18:05):
actually some similarities as well between the New Zealand and
US labor markets, so supply of labor is also reducing
in New Zealand, which is partially balancing that decline and demand.
For example, the unemployment rate in Q one this year
would have actually been higher if it wasn't for the
decline and participation, and so I think that really reflects
two important things. One job seekers are opting out of
(01:18:27):
the market given difficulties finding work, and two immigration is
now a lot lower in New Zealand than what it
had been. The good news is that the further weakening
in the labor market and a slow economic recovery and
inflation data that is within the band does mean that
we think there is continued scope for more rate cuts
from the IBNZ.
Speaker 3 (01:18:46):
Excellent what we want to hear, Brandon, thank you, Brandan
Lars and Milford Acid Management.
Speaker 2 (01:18:50):
Here the dupless Ellen.
Speaker 3 (01:18:52):
Some more good news to the number of US switching
banks to get a better mortgage deal has hit a
record high. So this is according to latest data from
the Reserve Bank. It shows that last month there was
eight point three billion dollars worth of so called new
mortgage commitments and of that of the eight point three billion,
two point five billion was for people changing banks. That's
(01:19:12):
thirty percent of new orme. That's significant, like one in
three people were changing their banks in order to get
a better deal. There's three five hundred and fifty three
new mortgages. How good is that? I mean, if if?
Speaker 8 (01:19:24):
What?
Speaker 3 (01:19:24):
Next time Nikola comes out? Not an up competition between
the banks. Oh gosh, paper on the microphone. Lord's been
a lot of that going on today. By the way,
just something's gone wrong with my vision. I don't know
what it is. But I took my suit segue like
wild Segway, you know. I took my sushi out of
the I went and bought sushi, and as I was
coming out around the corner of like having filled it
(01:19:46):
up and I was coming around the corner to put
it down. I just completely misjudged it and I clipped
like that, just clipped the pole and sushi went flying everywhere.
And now I've just had the mica with the paper
like that. So there's something wrong with me. It's not you,
and it's not the sushi guy. It's all meat anyway,
Steff Wyo, how good is that? Next time Nikola complains
about competition in the banks, you just look at that
(01:20:06):
and you go one and three of us change down
who's giving us the mortgage?
Speaker 11 (01:20:09):
So what does that tell you?
Speaker 3 (01:20:10):
Six twenty three, whether.
Speaker 9 (01:20:12):
It's Macro, microbe or just playing economics, it's all on
the Business Hour with Heather Duplicy Ellen and MS for
Trusted Home Insurance Solutions.
Speaker 2 (01:20:22):
Use talks Be.
Speaker 3 (01:20:24):
I don't know if I explained to you just how
excited I am about Kiwi Bank getting the partial privatization.
I mean, this thing's long overdue, so yay for that.
And we'll talk to jenatib Trainey about it in ten minutes.
It's twenty six past six, did you know Business Harry
Styles may not be currently working on a new album,
but he's been working on something else. He's got a brand.
(01:20:45):
It's called Pleasing. It's known for selling clothing and skincare, perfume,
and it's just entered a new market sexual wellness.
Speaker 2 (01:20:51):
Please yourself, like.
Speaker 3 (01:20:54):
Hmm, please yourself like you mean it. He says, he's
selling his very own vibrator and also personal lubricant and
you can pick up both items for a cool one
hundred and fifty New Zealand dollars. And naturally, fans, we're
very normal about this announcement. Reviewing the product on TikTok.
Speaker 19 (01:21:13):
Hey, guys, so I tried it, so we're going to
be mature, to be very very honest. I was expecting more.
There is only one singular pattern, and it's like a
continuous pattern, so it's like a continuous buzz. This is
a really great beginner's vibrator, Like if you've never had
a vibrator, or if you never had a magic wand
(01:21:35):
then this would be a great place for you to story.
Speaker 3 (01:21:39):
Wow, I mean, does your mother know that you're reviewing that?
Because anyway, So on the website he's encouraging fans to,
you know, follow your curiosity and stuff like that. Explore
with everything you've got and you know it's pleasing dot
com so you're welcome here that sir, charges I've done
the sums. Well, actually, do you know what, I'm not
going to do this justice if I just rush us
(01:22:00):
out and read it to you now, So stand by
because someone's done the sums on the seurcharges. And I
think this is interesting because I think the government's got
a little problem here that we're gonna have to discuss
headlines next.
Speaker 9 (01:22:23):
What an everything from SMS to the big corporates, The
Business Hour with Heather Duple, c Ellen and MAS for.
Speaker 2 (01:22:32):
Trusted Home Insurance Solutions, news Talks, that'd be.
Speaker 9 (01:22:35):
The back.
Speaker 19 (01:22:41):
Just you me.
Speaker 3 (01:22:44):
It's fooling apart. It's a falling apart at a rate
of knots. We're smacking the paper into the mic, dropping
the sushi on the ground. Actually, I left my phone
in the touch before as well, so I had to
send well I didn't. I had to ask Laura if
she could please because I was trapped in the studio.
So and it's you know, it's like a national security
risk of the phone nowadays, it's got lots of information
(01:23:05):
on it. Because Matthew Howson tried to call me today
and he pocket diled me. So those kinds of people's
phone numbers are on there anyway, So I sent Laura,
sent Laura into go and get it, and she'd retrieve
the phone. So everything's falling apart.
Speaker 25 (01:23:14):
So Laura did say she wouldn't be a very good
team leader if she sent me or Sam to go
get the phone from the woman's toilets.
Speaker 3 (01:23:20):
Well, what kind of a team leader does it make me?
I'm also a team leader, aren't i?
Speaker 2 (01:23:24):
Or am I?
Speaker 3 (01:23:24):
No, I'm supported. I am on air anyway. Gavin Gray's
going to But that's the point I was trying to
get to. Gavin Gray is going to be at US
and ten minutes out of the UK where things are
kicking off on Gaza obviously now and this is the text. Okay,
Heather surcharges, I've done the sums. It was costing me
about two and a half thousand dollars a month or
thirty thousand dollars per annum. Right, this is what Scott
(01:23:47):
since has just gone and banned made this business absorb.
That's half an annual wage. Further, I used to suck
it up until COVID, but then we started charging for it,
and what I found was a lot of people were
only using their credit card for loyalty points, and I
was subsidizing them. The surcharge has worked wonders putting people
off that kind of behavior. It went from two and
a half thousand dollars a month to down to four
(01:24:07):
hundred dollars a month. I don't think that that has
been taken into consideration either, Aaron, thank you. No, I
don't think it has. And I think the government's actually
gonna have to do a partial backdown on this, if
not a total backdown, because this is as it says
a lot that old Simon Bridges has come out against it.
Anyway on that subject, see Drake has finally canceled his show.
Now that's that's a laugh, isn't it. Because Drake's show
(01:24:31):
was supposed to happen in February, and then when he
was in Australia or something like that, I don't know.
It was about a month beforehand he postponed it and
people were like, oh whatever, mate, and then finally got
round to canceling it some five months later. I want
to I don't know anybody who's got tickets who had
tickets to Drake, but I want to know this. If
you do, can you please text me and let me
(01:24:51):
know whether you're getting your full amount of money back?
Because I don't know if you know this, but this
is one of this. This is the stuff that really
winds me up about the surcharge is that if you
want to go to a concert, you go through ticket
Tech or you go through ticket Master, you've got to
pay this extraordinary amount of money for the privilege of
having them process your tickets to you, which is ridiculous
because they're just sending it to your phone, no paper involved.
(01:25:12):
What are rut anyway, So Ticketech charge is five dollars
fifty per handling, Like, so if you buy four tickets
for you and your friends, you pay five dollars fifty
and there might be some other costs. I don't really
know anyway, What I want to know is that you're
getting just when you get the refund for Drake, do
you just get the tickets or do you get their
five dollars fifty handling feedback? Because because this is this
(01:25:34):
is quite bad if they don't send it back to you,
because if a thousand people go and buy these tickets,
then that's what that's five and a half thousand dollars
and if they don't refund it that they're just sitting
there with five and it PEPs more than a thousand
people would have bought tickets to Drake, do you know
what I mean? Anyway, I sent them an email Ticketech today,
but it was an Australian. They don't know who I am,
(01:25:54):
and I said, deadline is four o'clock and then I
laughed at myself because there was no way. And no,
it's now close to seven and I still haven't got
an email back. So now I'm just crowdsourcing the information.
So if you have got tickets and you're getting a refund,
please let me know if you're getting the whole amount.
Otherwise we have to wait for tomorrow for Ticketek to
maybe get back to me. Right now, it's nineteen or
twenty one rather away from.
Speaker 2 (01:26:13):
Seven together do for sel. So.
Speaker 3 (01:26:15):
The government has given the green light to a partial
privatization of Kiwi Bank. The bank's going to raise up
to half a billion dollars from investors. Finance Minister Nikola
Willis told us earlier why we're not raising more than that?
Speaker 8 (01:26:26):
Yeah, Look, it's a really good question. Actually Kiwibank is
in the midst of a digital transformation and their view
is that completing that is actually necessary before they go bigger.
And in terms of the Crown getting the most value
for at stake, that we will get more value in
(01:26:46):
the future once that transformation has occurred.
Speaker 3 (01:26:49):
Genatib Trainey is The Herald's Wellington Business editor and with
us evening Janey Hi Heather Right, So more to come
and what do you think listed on the share market.
Speaker 27 (01:26:58):
I think of National and Act had their way, then
kee We Bank will be listed on the New Zealand
Stock Exchange. I think there's probably still be some restrictions
around that though, like Nicola Willis suggests that she wants
kee We Bank to be for the government to still
have a decent chunk of ownership and for it largely
to remain New Zealand owned. So I think if it
(01:27:20):
is listed, it'll be listed with a whole bunch of
ifs and bats. New Zealand first would be the spanner
in the works. Potentially, if this coalition government you know,
gets through the election and continues to govern after next year.
Speaker 3 (01:27:37):
What is it that they are so apart? Because I mean,
surely we look at the example of I don't know
any of the power companies or in New Zealand, and
we say it's working well, right, that it's brought in efficiencies,
it's turning greater amount of money to the government now
that they're listed and the government still has majority ownership.
So what are they concerned about?
Speaker 27 (01:27:54):
Yeah, Look, I think New Zealand first has always been
of the idea that the state should hold onto its assets,
and you know, it's been it's very wary of having
foreign ownership of our assets. So that's just the position
that it's always taken. I did ask nicol Well as
that today though, like like what what actually is the
problem of having more more foreign ownership foreign investment, And
(01:28:18):
she pointed to the fact that Kiwi's like Kiwibank being
Kiwi owned. There's some sort of sentimental aspect around that,
and that's actually part of Kiwibank's value proposition. You know,
it attracts customers that support that concept, and you know,
I think it would be really interesting to see some
polling on on whether New Zealanders do support Kiwibank remaining
(01:28:39):
ke We owned, Like we think we're going to get
a better deal because.
Speaker 3 (01:28:43):
We'd have to be kis owners, you know, a great idea,
but we'd have to poll only Kiwi Bank customers because
guarantee you that all there were all these numpty sitting
out there going that's going to be ke ke we
owned banking with woos Pac.
Speaker 27 (01:28:54):
Yeah, you know, I think that that's probably true. And
I think also if you say to people, well, you know,
would you rather have kibank key owned and your tax
payer money go into Kiwibank rather than your money go
into hospitals, that's a different equation because we all say
we wanted to be you know, government owned. That sounds nice.
But then when we say, well there's an opportunity cost
(01:29:15):
and and there are private investors willing to put their
money in. Were you happy to let them put their
money in and the government's money can go into hospitals
or do you want the government's money to go into
Kibi Bank as well and not into hospitals. So it's
a it's a trade off, but I think this will
definitely be a hot election topic. Interestingly, I took to
Chris Hopkins today and he wasn't really opposed to what
(01:29:37):
the government's doing at the moment, which is just bringing
in some private capital into Kiwibank. His main thing was
that the bank remains in New Zealand owned, so you know,
the labor seems okay with having some you know, New
Zealand private investors involved, but provided it stays in New Zealand.
Speaker 3 (01:29:56):
Just it's just such a such a weird way of
seeing the world, but as such it is.
Speaker 7 (01:30:01):
Have you yes?
Speaker 27 (01:30:03):
And actually just I should say that the issue that
the superfund, which previously partly owned Q Bank, the issue
that it had was around the restrictions around what it
can do with the shares. So I think investors they
really want to know that if they want to divest
get rid of their shares, they need to be sure
that there's going to be a buyer of those shares
(01:30:24):
and they're not going to miss out. So I think
that's going to be the big, big sticking point.
Speaker 3 (01:30:27):
Yes, totally. Now have you seen cash pattel around the building?
Speaker 27 (01:30:31):
I haven't, but my colleagues have. There was some frantic
running around the building, some sweaty foreheads.
Speaker 3 (01:30:41):
Who busted him in the basement car park.
Speaker 27 (01:30:44):
I think it might have been my colleague Thomas Coglan
or believe.
Speaker 3 (01:30:49):
What only Thomas would be walking around knowing what the
director of the FBI looks like.
Speaker 27 (01:30:53):
Don't you think, honestly, he is just a fountain of knowledge.
Wouldn't it would have it would have flipped right past me.
But you know, I've been hit down doing other things.
But I suspect there would have been a whole fan
fare around him as well.
Speaker 4 (01:31:06):
In the building.
Speaker 3 (01:31:07):
Well, they were hiding him in the building. Actually, no
one was supposed to know that he was visiting Winston
Peters on the seventh floor. Thank you, Jane, appreciate it.
Jane tib Cherini, the Herald's Wellington Business. Oh yeah, we've
got it. So so to to bring you up to
speed on that story. So remember when we sent a
message through to Winston's man Winston and we were like,
what's cash Battel doing in Wellington? He was like is
(01:31:27):
he in Wellington?
Speaker 20 (01:31:28):
Is he?
Speaker 3 (01:31:29):
You'll have to speak to the US Embassy, Like at
while Cash Battel's in the office, is he anyway? So
we did go to the US Embassy. This is what
the US Embassy sent us. We have many official visits
to New Zealand and we comment on these at appropriate
moments and when we are in a position to do so.
So thank you that because he said to us, they've
got a statement for you. Oh what a waste of
(01:31:50):
out time anyway, bless By the way, while we're on
the subject of the US Hawaii, he's got some waves
coming in now, but we don't know the size of
the waves all necessarily where they're hitting. And some of
that may be to do with the fact that it's
dark because it's night quarter two.
Speaker 2 (01:32:07):
If it's to do with money, it matters to you.
Speaker 9 (01:32:10):
The Business Hour with Hither duplic Ellen and Meys for
Trusted Home Insurance Solutions, News Talks v.
Speaker 3 (01:32:17):
Hither I'm a Drake ticket buyer. We got the full
amount back, all the fees and the ticket costs. How
good is that? In fact I had several tics confirming that.
So thanks for the information. Thirteen away from seven and
Gavin Gray, UK correspondent is with us now even in
Gavin Hi they have Israel's not happy with Kia, are they?
Speaker 2 (01:32:34):
No, they are not so.
Speaker 13 (01:32:36):
Yesterday the UK announced that it would recognize a Palestinian
state if Israel didn't meet certain steps, including to agree
a cease fire, steps to end the war, etc. Israel's
Prime Minister Benjaminetnia, who's one among a number of leaders
in Israel that's really hit back his comments, say that
Britain is rewarding Hammers's monstrous terrorism and described it as
(01:33:01):
appeasement towards Jihadis terrorism which always fails. Plenty of other
comments from some of his other ministers as well, but
you get the drift of that suggesting that Israel is
not going to comply to the conditions that secure Starmar wants,
and therefore the UK will recognize, will recognize, along with France,
(01:33:24):
the Gaza and Palestine as a separate entity as it were,
and a Palestinian state, so controversial. Incidentally, Britain and France
would be only the two countries of the entire G
seven to do so, something which America described earlier as
being a big mistake. So we're getting news as well
(01:33:44):
that other MPs here in the UK suggesting this has
been bad. The leader of the main opposition added that
the Prime Minister was trying to fix a political problem
in the Labor Party and that's because of mounting pressure
from his own MPs to do this, so doing it
for his own sake. Whereas a reform that's Nigel Faraj's
(01:34:05):
party also criticized the government's decision, saying it's a political
calculation by the Prime Minister which trivializes quite offensively, a
horrendous situation in Gaza. It's this idea of holding out
sort of carrat and stick with Israel over such a
contentious issue.
Speaker 2 (01:34:21):
Will it work?
Speaker 13 (01:34:21):
It doesn't look like it's going to have any traction
at all.
Speaker 3 (01:34:25):
Do you reckon Nigel Farage is going to get an apology.
Speaker 13 (01:34:29):
I don't think he will actually, So this has been
a very interesting few days in domestic politics here over
a relatively single small sentence. So the Technology Minister has
basically introduced these age recognition changes to the way in
(01:34:50):
which children are able to access Internet material. It's a
new law and it's an online safety law which many
have been called for. But already people are saying how
easy it is for young people to get around. In fact,
it drives them to downloading VPNs or virtual private networks,
(01:35:10):
which disguise the user's location online and could make it
much easier course to avoid those age checks. And because
it's driving people onto VPNs, which in.
Speaker 2 (01:35:22):
Itself is not a great thing.
Speaker 13 (01:35:25):
Nigel Pharos's party has already criticized this, saying it's just
badly thought out and shouldn't be put in place.
Speaker 1 (01:35:32):
Now.
Speaker 13 (01:35:33):
The Technology Minister who's bringing the plans into place, basically
said that those who are against his new law are
on the side of sex offenders like Jimmy Savill. And
during that comment, of course, Jimmy Savill a prolific child offender,
child sex offender, but also a former BBC star one
of those, of course, the head of Reform Party, Nigel Farahs,
(01:35:56):
she's sort of singled out saying Niger Farash is on
the side of people like Jimmy Savell. And that's where
Nigel Farrell said, Ah, now that you've just made a
really bad mistake, so you need to apologize. That's a
disgusting thing to say and it's wrong, but the Tech
Minister is refusing to apologize, and consequently we're in this
standoff between the bat Ah.
Speaker 3 (01:36:17):
Jeez, honestly, children, Hey, thank you for that, Gavin appreciated
Gavin Gray, UK correspondent. Hither on the surch charges, wait
till you pay your counsel your card payment. It's card
payment plus one point seventy five percent we pay for
building consents. It could be a one hundred and five
dollar payment for one convenience charge not band. Not band
because Scott Simpson's band only in person surcharges, so they
(01:36:40):
can surch charge the hell out of you online. Eight
away from seven it's the.
Speaker 9 (01:36:44):
Hitherto plus allan drive full show podcast on iHeartRadio powered
by news dog Zibby.
Speaker 3 (01:36:51):
Hey, I'm six away from seven. Hey, I should have
warned you that I was going to tell you about
this because you might have actually wanted to know this. Eyebrows,
eyebrow fashion has changed, So I don't know if you like,
if you're a dude, you're probably at this point in
time going is there is there an eyebrow fashion? Yes,
absolutely there is an eyebrow fashion. Back in the seventies.
Do you remember back in the seventies, cast your mind back.
(01:37:13):
What you wanted was a good hope out of your eyebrow.
Do you know you wanted a kind of like it
was almost like a little like a little like a
little apostrophe just hanging above your eye, you know, like
a little you had your little whoop, little bobble at
the at the bit right by your nose, and then
just a whip, just a little just a little curve
that was that was your hope. My mum had the hope.
It took her twenty years to grow that one out
(01:37:36):
when she finally stopped plucking the hoop in the nineties. Anyway,
then we were in the nineties, we also went to
like a really were still it was, and the hoop
was thin as well. In the nineties you had the thin,
but it was more like a like a like a
Pamela Anderson thin. It was slightly different. And then by
the twenty tens we were starting to get in the
really bushy ones because that one who's called Kara Kara Delavine.
(01:37:58):
Kara Delavine. Yeah, I don't really know these people, but
you know who I'm talking She's the one with She's beautiful,
the model one of the big bushy eyebrows. We started
doing that thing, so then was really huge. Then what
happened is and this is the mistake, so remember this,
this is the mistake that you make if you think
that it's a good idea to tattoo anything on your face.
(01:38:19):
You don't want to, because then what happened is people
tried to do the Kardashian brow, and they just got
it tattooed on, and they just got this kind of
like chunk, like an angry cat look tattooed onto their faces.
And the problem now is, of course it's changed again
and that's not the look that we want anymore. So
now what are you going to do now? Literally people
are having to have their eyebrows laysered off. So what
you want to do now is you want to go
(01:38:40):
for a natural look, So get that thing laysered off.
If you can go for the natural look. And if
you're going to go for the natural look that I'm
not telling you what to do with your face, but
this is the fashion, then you want to It needs
to be no more of that kind of cat arch
that's angry. Just a very natural brow. You can even
shockingly if you're blonde, let your brow go blonde and
(01:39:00):
look a little crazy. That's okay. Now you don't even
need to darken it up. So anyway, So I spent
an inordinate amount of time telling you about that, But
there is a life lesson in there, which is fashion.
What's fashionable today is not going to be fashionable in
ten years time. Don't tattoo your face.
Speaker 25 (01:39:15):
Ants, don't tattoo your face. Katie Perry, I kissed a
girl who play us out tonight. She has been seen
having dinner with former Canadian Prime Minister Justin Trudeau at
a high end restaurant in Montreal. She appeared to, according
to TMZ, touch her hair and lean close to Trudeau
as the pair talked over plates.
Speaker 3 (01:39:33):
A You know what touching your hair means when you're
on a term dating, Oh, one hundred percent, you're like.
Speaker 25 (01:39:38):
According according to all the pack up artist books, it
means that, yeah, absolutely, she's into them.
Speaker 3 (01:39:42):
Yeah totally. Also, though, I mean, is there a dinner
that you'd want to be like? Is there a dinner
you really don't want to be at any more than that?
That's the least interesting dinner in the world to me.
Speaker 25 (01:39:53):
Oh, they're having lobster, which is like crazy here the
German just then.
Speaker 3 (01:39:57):
Isn't he married? He's been broken up with Sophie for
two years. Laura, and she broke up with Orlando the
other day the other day. Somebody moved on rather fast.
Let's just say thank you for that. Thanks for ending
it with that news ADS. See you tomorrow.
Speaker 9 (01:40:22):
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