Full Show Podcast: 18 September 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The only drive show you can trust to ask the questions,
get the answers, find the fat and give the analysis.
Heather Duplicy Ellen Drive with One, New Zealand and the
Power of Satellite Mobile News Talks V.

Speaker 2 (00:18):
Afternoon. Welcome to the show. Coming up today. Finance Minister
Nichola Willis on the GDP print. Greg Murphy on the
fact that we have self driving Tesla's now driving in
New Zealand, but apparently none of us know the rules.
And then or you know, the crime fighting outfit, We're
going to talk to them about the new trial to
test live rate facial recognition in supermarkets.

Speaker 3 (00:37):
Heather Duplicy Allen.

Speaker 2 (00:38):
Well, I think it's fair to say that the GDP
print has come in. It's something of a shock. The
Reserve Bank was picking a contraction of zero point three percent.
The consensus was a contraction of zero point four percent.
The worst case prediction from one of the banks was
a contraction of zero point five percent. It's come in
at a contraction of zero point nine percent, which is
basically twice as bad as most of us thought. Imdiate

(01:00):
problem that we have is what this is going to
do to confidence because people are already scared. That is
why it's taking this country so long to come out
of reception recession, because every single piece of bad news
like Trump's tariffs earlier this year, freaks us out all
over again, so we keep our wallets shut for longer.
There are people out there who absolutely can afford to
spend more money, they are choosing not to because they

(01:22):
do not know that they can trust that we're through
the worst of it. This is part of the reason,
if not one of the bigger reasons, why the Reserve
banks cuts to the ocr are not stimulating the economy
like the Bank thought that they should be. And this
number that we see today, I fear is going to
do this all over again. It's going to freak us
out all over again. And I think the reason we're
going to be freaked out all over again by this

(01:43):
is that we think that the people who are in charge,
mainly the Reserve Bank but also the government, who keep
telling us that the economy is definitely recovering, really have
no idea how bad this is now. I think it
is a little unfair to blame anyone but the Reserve
Bank right now, because they really deserve it. The verdict
in on this now, isn't it. They have well and
truly stuffed this up. They have no idea what is

(02:05):
going on in this economy. In July, which is only
one month after Q two ended, right, we've just gone
through this massive contraction. In the next month, they decided
they didn't need to cut the cash rate anymore. They
held the cash rate that now should blow your mind.
Just a month ago they released their monetary policy statement
forecasting the contraction at only zero point three percent. They

(02:25):
got it wrong by a factor of three. Now what
them getting it so badly wrong now means is that
the pressure is on them to fix this, and fix
this fast and do a double cut in October really
more to restore confidence than anything, because confidence is what
we are very much lacking at the moment.

Speaker 1 (02:43):
Either duplicy Ellen, we were driving driving in your car?

Speaker 2 (02:48):
Nine two nine and two is the text number standard
text fe supply as I say, Nikola Willis is with
us up the five o'clock. Now we have a new
report that shed some light on what we all think
about gender equality. Nearly half of us think that equality
has already been achieved. Seventeen percent of New Zealanders think
that if someone is raped when they're drunk, they're at
least partly responsible for it, and a rising number think

(03:08):
that it's understandable for a man to hit out when
his partner tries to leave. President of the National Council
of Women, doctor Suzanne Manning, is behind the study. High Suzann, Hello,
So one in three young men think equality has gone
too far and forty percent of us no longer see
sexism as a significant issue. What are reckon's going on here?

Speaker 4 (03:29):
I'm reckoning that people have become complacent. We have had
some wins in the past few years, and there are
a lot of people who have gone, Yep, that's enough,
We've done it.

Speaker 5 (03:43):
We're there.

Speaker 4 (03:44):
So that's the general thing that where people think that
we're already there, But there is a group of people
who have got these hard ideas about it's going too
far in the other direction. Where is that coming from?
It is it's hard to know young men. For example,

(04:06):
young people in general, they tend to have some sixed
ideas by the time they get to twenty based on
their upbringing. So here's my question, what's their upbringing being
like that they don't that they see gender equality as
being a negative thing.

Speaker 2 (04:24):
Is it, or that it's going to be that they
see that there are jobs that are ear marked only
for women, and for example, we have you know, we
have this, we make a decision that we've got to
have fifty percent of public service boards be women. And
so I mean, obviously there will be some men who
are qualified who will lose out to women who are

(04:44):
less qualified in the drive in order to get women
on that board. Is that possibly what they what they
are referring to when they say it goes too far.
But basically the dei aspect of it.

Speaker 4 (04:56):
People often to think that of and think that a
rebalancing is a bad thing. So from a gender equality
point of view, the reason that some of those things
get put in is because it's not fair at the moment.
But it's not fair for women generally. So what men

(05:18):
see is being comfortable with the status quo and all
these rules that are put in to take their privileges
away from them. So people don't like that sort of change.
People don't like things being taken away from them, even
if they are advantages. But often that they don't realize
their unfair advantages. They just want to keep on. What

(05:40):
I mean, we will do don't. We will want to
keep what we've got, but the people without want a
bit of the biggest slice of the pie.

Speaker 2 (05:49):
Then we've got the stuff about rape. Seventeen percent of
key we think that if someone is raped when they're drunk,
there at least partly responsible for it. Eleven percent of
people think that if someone doesn't physically fight back, you
can't call it rape. How do you explain that?

Speaker 4 (06:02):
They are entrenched attitudes that are hangover from the past,
But they are entrenched because there's a small core that
still believes that, And I'm not sure how are we
going to shift that, because while there's a group that
condone that sort of behavior, we are not going to
turn around our stats. We're not going to decrease the

(06:23):
appalling amount of sexual violence that we have.

Speaker 2 (06:27):
And then a rising number of people reckon it's understandable
for a man to hit out when his partner tries
to leave. Now I was confused by what you mean
by hit out.

Speaker 4 (06:37):
Yeah, a lot of people are, and we are interested
in digging deeper into how people are answering that question.
The original intention was basically hit out in a physical
violence sense, but we acknowledge that some people would look
at that as hit out and they verbal or other sense.

(06:57):
But having said that, we actually think that that just
as bad. It's still abuse, it's still violence. What people
mean by understandable not sure. Again, we'd like to look
more of it, but the basic gist of that one
is there are people condoning violence. However you look at it,
people are condoning violence.

Speaker 2 (07:18):
Well well, I mean, Susan, can I give you an
alternative perspective? Because I looked at it and I just
read it as a man is you know, it is
understandable a man's going to pack a giant tantrum when
his partner tries to leave it. And I would have
thought that that's just reality, isn't it.

Speaker 4 (07:33):
Hit out, I think is actually a phrase that has
aimed at someone. So you know, one can sit there
and throw wobbly yeah, but when you're actually hitting out
at somebody, that person becomes a target. That becomes abuse.

Speaker 2 (07:50):
Yeah, Suzan, thank you, that's really interesting. I appreciate you
running us through all of that, Doctor Suzanne Manning, who
is the President of the National Council of Women. Bossy's
valedictory speech is today the quarter to six. I'm here
for it, not only because I'm very happy to see
the back of Bossy as an out you go, thanks

(08:11):
very much, but also cannot wait to hear how they
make this all about everybody else being a faulty. You
cannot wait to hear how they're going to moan about
the way that they have been treated and none of
this was their faults. So we will obviously be bringing
it to you as it unfolds. Quarter past four.

Speaker 1 (08:27):
It's the Heather to Bussy Alan Drive Full Show podcast
on iHeartRadio powered by News Talks.

Speaker 2 (08:34):
Goodness me, we were talking what were we talking about?
We're talking about cake, and we completely forgot that.

Speaker 6 (08:38):
The ads why not cake is very important?

Speaker 2 (08:41):
The sloppy cake, which is I'm not sure which one
was the sloppy cake that you were talking about.

Speaker 6 (08:45):
The more no not the small Roald It was very precise.

Speaker 7 (08:48):
It was neat.

Speaker 6 (08:49):
That was a tidy cake. The other cake square, disheveled.
That looked a bit more freeze.

Speaker 2 (08:55):
That was the German baked. That the German baked that
the German is a fantastic bake.

Speaker 6 (08:59):
Wow, was fantastic.

Speaker 2 (09:01):
It was a.

Speaker 6 (09:03):
Well, no, no k It looked like kind of my haircut.
It was a bit more.

Speaker 2 (09:08):
By the way, is Darcy Watergrave sports talking and it's
nineteen past For what it was was it was a
coconut and pineapple cake made according to the Ripe Recipe book.
Ripe does a fantastic recipe. Everything they do is amazing.
And I only had half of it and then I
got such a strong sugar buzz that I felt like
vomiting and I had to stop eating it.

Speaker 6 (09:29):
That's a powerful mental image.

Speaker 2 (09:30):
Thanks for that anyway, So thank you for the cake.
So Crusaders. Why are the fans angry?

Speaker 6 (09:35):
Some of the fans are angry because they've released the
tickets the memberships for next season and they've gone up considerably,
in some cases up to forty percent.

Speaker 2 (09:44):
Wow, is just because of the fancy new building.

Speaker 6 (09:46):
I wonder if it is. I'd say it is, even
though three of the games aren't at the fancy new building,
and four of the games are at the fancy new building.
Kind of staffed in the middle of that is of
course the Super Weekend, the wonderful week of the Magic Round.
At least the prices and in essence there, Yeah, they're
slightly loft here, but there's also a number of slightly

(10:08):
cheaper memberships involved as well. I think what you find
in situations like this is that when people complain, they
make the most noise, soeveryone listens to them. When people
are happy, they don't really say a great deal and
just get on with it. But my opinion on this,
and we'll talk with Connor Mansbrid's CEO up after seven
o'clock on Sports Talk Beers, is what do you expect?

(10:30):
It's different from the lean to in Sydnym that was awful.
This is brand new and I'm sorry, well I'm not sorry.
The Crusaders are a business. They're not a charity. They're
not there to make sure you could go and see
your favorite team.

Speaker 2 (10:48):
There's a line to walk here, isn't there? Which is
that yes, absolutely, Super Rugby is struggling to wash its
own face, so it needs to charge decent amount of money.
But also people can stay home like you like to
and crack open a beer from the friend you know
is your favorite beer that is cold, sit on your
comfy couch in your warmhouse.

Speaker 8 (11:06):
There you go.

Speaker 6 (11:07):
So there's that experience of this new Takaha is fantastic
and what eighteen thousand people they're looking for every week
and maybe if they can get six seven thousand members
that are willing to pay that money, knock yourself out,
and I think Christ Hitch, they probably will. But you
can make a noise because I'm a hold on. This
is my money, this is my hardowned and I'm not

(11:28):
giving it to you unless you give me something in return,
it says raten bit responsibly. Because it's that time of
the week again. You know, I've got this ponchanp for
chucking money at all sorts of multis because I really
enjoy them.

Speaker 2 (11:42):
Put any money on the spring box. No do you
regret that now?

Speaker 9 (11:46):
No?

Speaker 6 (11:46):
Okay, no, no, no, no, no no. What I do
is I do it every few weeks and I go, oh,
it was great, I want it, And then I get
all emboldened again and I go back. This time around.
I'm playing multi games again, and I'm putting money across
a number of games. The Bulldogs via the Panthers one

(12:08):
point thirty for the Panthers to win. I want to
see that happen after what happened to the Warriors. And
then a lot of low odds, a lot of favorites
right the way through the NPC and I've got a
tendency to do that, although I've been convinced to run
with a non favorite bay of plenty in sorry Hawk's Bay.
But that's because of my producer. And also attaching that

(12:30):
to the New Zealand women who are paying a dollar
sixty two to win and a dollar four for the
English Woman of the World Cup. Now that all comes
to like a payout of our two hundred and forty
old bucks. Put twenty bucks on it, but one if
you want to do individual. Yeah, I'm hoping. It's my
daughter's birthday this weekend. I need to pay for it somehow.
Don't bet out of desperation. Only bet what you can

(12:51):
afford to lose. I can't bet responsibly. The New Zealand
women are paying a dollar sixty two to win, and
I think that represents good money. Too many people are
nervous about No Georgia two. People are freaking out about
that the Canada managed to beat us and draw us
of recent times. Those people aren't watching what I'm seeing
with the black ferns.

Speaker 2 (13:09):
He reckons the black funds all the way.

Speaker 3 (13:10):
Love it.

Speaker 2 (13:10):
Thank you, Darcy. All right, Darcy Watergrave's sports talk hoast.
He'll be back at seven's four twenty three sport with.

Speaker 1 (13:17):
The tab app, download and get your bet on R
eighteen bit responsibly on your smart speaker, on.

Speaker 3 (13:24):
The iHeart app and in your car on your drive home.

Speaker 1 (13:26):
It's Heather Dup to c Ellen Drive with one New
Zealand had the power of satellite mobile news talks the'd be.

Speaker 2 (13:33):
Right four twenty five. Look. By now you've probably caught
up on the news that Jimmy Kimmel's show has been
canceled because of the comments that he made about the
Charlie kirkkiller.

Speaker 10 (13:42):
We had some new lows over the weekend with the
Maga gang desperately trying to characterize this kid who murdered
Charlie Kirk as anything other than one of them, and
everything they can to score political points from it.

Speaker 2 (13:54):
He then mentions, he kind of points out that Donald
Trump doesn't seem that upset about it, right. He throws
to a clip like he basically brings up a clip
of Donald Trump where a reporter asks the President how
he's faring after the death of his friend.

Speaker 11 (14:07):
Be very good.

Speaker 1 (14:08):
And by the way, right there, you see all the
trucks they just started construction of the new borrel for the.

Speaker 6 (14:14):
White House, which is something they've been trying.

Speaker 12 (14:16):
Together, as you know, for about one hundred and fifty years,
and it's going.

Speaker 5 (14:20):
To be a beauty.

Speaker 3 (14:21):
Yes, he's at.

Speaker 10 (14:23):
The fourth stage of grief, construction, the demolition.

Speaker 3 (14:29):
In Susan.

Speaker 10 (14:31):
This is not how an adult grieves the murder of
somebody called a friend.

Speaker 2 (14:35):
And then he goes on to say, this is how
a four year old mourns a goldfish. Now bad taste,
bad taste, but not a sackable offense. Is it? Is
it a sackable offense? I mean there are people who've
said far worse than that. Let me know what you think.
We'll talk about it later in the show. Nine two
ninety two is the text number here the what's the
update on the Tom Phillipson junction? That's from MJ. The
injunction remains in place. It was heard today in court again.

(14:58):
The injunction remains in place basically until the High Court
decides otherwise. It's going to be discussed again in the
High Court in a month's time. Seventeen October. It's getting silly,
isn't it. I mean it is getting silly because all
this is doing is it's preventing the media from talking
about the thing that probably everybody else is talking about,
judging by social media. Anyway, there you go. That's the update.

(15:21):
News is next.

Speaker 3 (15:30):
Cutting through the noise to get the facts.

Speaker 1 (15:32):
It's Heather do the c Ellen Drive with one New
Zealand coverage like no one else news talks.

Speaker 3 (15:38):
They'd be.

Speaker 2 (15:43):
Coming my Barry, SOAPA is going to be with us
in ten minutes time. In Oli Peterson's standing by, we
have at least two of our major retail banks now
calling for a double cut next month. In the oc our,
Westpac was as far as I could see, the first
out of the block saying we're advocating for a fifty
basis point move in October. Get it done, get it

(16:05):
to two point five percent asap. No more time for
mucking around. It's time for leadership out of the Reserve Bank,
which is pretty strong. ASB has put out a note
just in the last I want to say our hour
and a half or so, we are now calling a
fifty basis point cut in October with a twenty five
basis point cut in November to bring us to basically
a year end OCR of two point two five percent.

(16:27):
So pressure is on the Reserve Bank. Nicola Willis, Finance Minister,
is with us. After five, it's twenty four to five.

Speaker 1 (16:33):
It's the world wires on news talks, it'd be drive.

Speaker 2 (16:37):
So it's been a day of pageantry and politics which
has welcomed Donald Trump to Windsor Castle. And Trump was
impressed by the King's people's skills at a lavish dinner.

Speaker 13 (16:51):
Oh tell you that I just stood in line and
ship about one hundred and fifty hands, and the King knew.

Speaker 11 (16:57):
Every single person and every single company.

Speaker 3 (17:00):
I was very impressed with that.

Speaker 2 (17:02):
A record one hundred and fifty pounds of US investment
has been unveiled during Trump's visit. It includes a deal
for the first British built US Air Force plane in
more than fifty years. Over in the US, three police
officers have been killed and two others injured in rural Pennsylvania.
Here's the state's police commissioner describing the incident as domestic related.

Speaker 10 (17:22):
We would like to advise the community that there is
no current active threat.

Speaker 3 (17:27):
I can confirm that the shooter is dead.

Speaker 2 (17:30):
And finally, scientists are keeping a close eye on a
massive asteroid that's set to get close to Earth overnight.
It's as big as a skyscraper apparently, and it's traveling
at twenty four thousand miles per hour, and apparently anything
passing within four point six million miles of Earth is
deemed potentially hazardous. And if it does hit us, I

(17:51):
will see well, if it doesn't hit us, obviously, if
it does hit us, bye bye. But if it doesn't
hit us, we'll see it again in about twenty eighty
nine and then twenty one seventy.

Speaker 1 (17:59):
Three International correspondence with NS and Eye Insurance Peace of
Mind for New Zealand Business.

Speaker 2 (18:06):
Oliver Peterson six pour Perth Life Presenters with US. Hello, Oali,
Hello Heather. Okay, so Albanezi crunch time. He's meeting with Trump,
Yeah he is.

Speaker 13 (18:14):
He'll get over there asap. After just announcing today with
the Treasury of Jim Chalmers and the Climate Change Minister
Chris Bowen that the government's target to cutter missions by
sixty two to seventy percent by twenty thirty five, he
reckons this is a responsible measure and it is supported
by science. We've already heard from the opposition here that
the announcement made today will not be achievable. We have

(18:37):
no costings around this. The modeling from Treasury shown that
the economy will be two point two trillion dollars bigger
if the nation adopted Nordly transition by twenty fifty. So
there's a lot of cold board already being thrown onto
the government's climate change targets they're signing up to. He
wanted to get this done, as you say, before he
heads off to this meeting to catch up with Donald Trump,
and g is any under pressure because he's returned from

(18:59):
his Pacific Island's visit. He hasn't managed to sign up
the security packed with the Puppy and New Guinea government.

Speaker 14 (19:05):
He has't.

Speaker 13 (19:05):
He hasn't managed to sign up a security pack with
the government of Vanawatu last week. So he's been left
fairly red faced. And I know that ABC journalist John
Lyons is upset Donald Trump as he's over there in
the United Kingdom at the moment's ahead of four corners
stories saying he's an embarrassment to his country. So Heather,
what does this do for a meeting and a showdown
with Donald Trump. He's never had the ear of the

(19:27):
US President face to face. He's obviously failed to shore
up regional security. Will that actually help or hinder the
Orchest arrangement? I think Donald Trump, being the businessman that
he is, will be asking Anthony Albanizi for even more.

Speaker 2 (19:41):
He'll be doing the old Oliver twists.

Speaker 13 (19:43):
Please, sir, can I have more and more money at
your defense forces.

Speaker 2 (19:47):
Yeah, it's certainly going to be an interesting one to
watch because I don't know that any of us can
call it. Listen to other masks back, are they?

Speaker 14 (19:53):
Yeah?

Speaker 13 (19:53):
So we've got a hospital here in New South Wales
which has issued a mask mandate. This is not over COVID,
it's over a measles outbreak. Now this is escalated in
Queensland and New South Wales and in the last hour
or so in Western Australia it's now infecting people who
are in the mines.

Speaker 14 (20:11):
Now.

Speaker 13 (20:11):
In measles is something Heather that we really haven't taken
much notice of for quite a number of years, because
nobody really thought that there was measles anymore, because everybody
used toet vaccinated against measles. But we've got three cases
confirmed in Cans so far. North Queensland they've got six,
So that's the number that have obviously doubled in that
part of Australia. Officials are now issuing alerts at Cann's

(20:32):
Hospital's maternity ward. You go down the coast and into
New South Wales and mask mandates are being ordered at
some north coastal hospitals as a result of this measles outbreak.
So it's almost sort of the COVID years back again,
and you know they're shuddering thinking about mask mandates.

Speaker 2 (20:50):
Yeah, totally Now you're emissions targets. How realistic are these?

Speaker 13 (20:56):
Yeah, that's what's going to be interesting. That's what's going
to be difficult because the Ione wants to cut a
missions by sixty two to seventy percent by twenty thirty five.
Albo is saying that it's a responsible measure, Jim Chalmer's
calling the transition of gold and economic opportunity for Australia.
But it's been pointed out by the Opposition that the
target will not be met, that they have already failed

(21:16):
to reduce the current targets. There's no chance at twenty
thirty five target will be achieved, says the opposition, because
they've got no credibility because they're failing to meet their
twenty thirty targets. So the government's going to have a
little bob each way, right, They're going to go out
for a little while, then they're going to come down.
But look, this will be very interesting. I think he
wanted to make this announcement, as I said before, headed
before he went off to see Donald Trump, to try
and wrestle back the national conversation.

Speaker 2 (21:38):
Listen, I mean, this is this is nonsense, isn't it.
There's no way you guys are going to cut your
emissions by potentially seventy percent in the next ten years.
And surely by now voters, as we get closer and
closer to these targets and we see we don't meet them,
voters are going to start to see through this crap,
aren't they.

Speaker 14 (21:53):
I reckon they would.

Speaker 13 (21:54):
I don't know why you lock yourself into this sort
of stuff, Like why do you have this target?

Speaker 14 (21:58):
How are we to do it?

Speaker 13 (22:00):
Heather, Like, we've already got the massive warnings this summer
that we can't keep the lights on, the air conditioning
systems running, So how are we going to do it?
All ride bicycles and have windmills in our own backyards
and all these batteries it's just until you have a
concrete base load solution.

Speaker 2 (22:17):
You know, this is all just lala land. Correct, it's
lala land. Okay, listen, Ollie, thank you. I do appreciate that.
That's Oliver Peterson, our six PM Perth Live presenter, eighteen
away from.

Speaker 3 (22:27):
Five either due for clan.

Speaker 2 (22:30):
I haven't even I haven't even run you through the
Crusaders prices. Now, get a load of this, okay. So
this is the prices this year at the Stink Stadium
versus what you're going to pay if you're a Crusaders
fan going to Takaha Next year, the Platinum membership is
going to go from three hundred and eighty dollars this
year to five hundred and seventy five dollars next year,

(22:50):
which is a forty percent price increase. Adult reserved seating
at all regular home games is one hundred and forty
dollars this year. Next year it will start at four
hundred and fifty five dollars. At the moment, your premium
membership is five hundred and seventy five dollars. Next year,
the premium offer, from what I understand, starts at about
three thousand, two hundred dollars. I mean this is eye

(23:13):
watering increases A A membership for a family of four
were costs currently four hundred and fifty dollars, will cost
a minimum of seven hundred and fifty dollars next year.
We're going to talk to Nick Bewley, our Rugby commentator,
next hour about it. I'm getting a lot of texts
calling me out on the Jimmy Kimmel thing, basically saying,

(23:37):
you know, if there was canceled culture going one way,
if the left doing the cancel culture before, what's the
problem of THEUT getting canceled now? We're going to talk
about that later, because I don't think just because one
one group of people do something bad, the other group
of people should do equally bad. Heither regarding Jimmy Kimmel's
and Charlie Kirks murder, Look who wins here, it's Trump.
This has moved the dial, even temporarily from the Epstein issue,

(24:00):
Trump to go after the left, or, as he refers
to them, the enemy within, which is probably a fair
point to make anyway. Barrisopa is going to be us
next on domestic politics, seventeen away from.

Speaker 1 (24:08):
Five Politics with Centrics. Credit check your customers and get
payment certainty.

Speaker 11 (24:13):
Right.

Speaker 2 (24:13):
Barrisoper, senior political correspondence with US Hallo, Barry.

Speaker 11 (24:16):
Good afternoon. Whither is there so much cake in the
office today?

Speaker 2 (24:19):
Go on, then, go on, just get it out of
your system.

Speaker 14 (24:24):
Dear, I go on, Happy birthday, Thank.

Speaker 2 (24:26):
You very much, Barry. Jeez, how long did you think
about how am I going to get that out there?

Speaker 3 (24:31):
No?

Speaker 11 (24:31):
No, I didn't.

Speaker 2 (24:32):
Was that just when I looked around. Look, you've absolutely excelled,
right the GDP. This this was alarming, this number, wasn't it.

Speaker 11 (24:41):
Well, yes, it was alarming. Was much more than anybody
had predicted. But look, Adrian Or you'd have to say,
did a great job engineering a recession. Like the government
he was working for at the time, he clearly didn't
know how to get out of it. So they're still
in the mare. But I think I think we've turned
the corner, and I think the third quar it will
be better than the one we're in at the moment,

(25:01):
and it'll be even better than the last quarter.

Speaker 2 (25:04):
Well, it has to be better than because geez, there's
no way it could get worse exactly. Okay, So the
spat between David Seymour and Winston Peters about Gaza. Yeah,
how big a deal is this?

Speaker 11 (25:14):
Well, it's not such a big deal, I must say,
it's been made a big deal by some sections of
the media. But the interesting thing is that even though
Seymour has been sniping away at Palestine and what New
Zealand should be doing, it's really the Foreign Affairs Minister's
job and act hasn't opted out of any formal agree

(25:36):
to disagree position, which is what you meant to do
in a coalition. Nevertheless, standing in for the Prime Minister
today during question time, David Seymour was quizzed by Labour's
carmel Sepaloni over the bickering between him and Winston Peters. Interestingly,
Seymour not once referred to Winston by a name. Here

(25:58):
they are.

Speaker 15 (25:59):
Position will be made clear by the right minister at
the right place, at the right time, which is coming
up very soon.

Speaker 16 (26:06):
Was the Minister of Foreign Affairs correct when he said
that the Deputy Prime Minister David Seymour was quote talking
out of his field end quote regarding the government's position
on Palestinian statehood.

Speaker 15 (26:21):
Actually he was speaking as the leader of his party
and that's a matter for him, which I don't have
a responsibility.

Speaker 16 (26:28):
For when will he instruct his Deputy Prime Minister and
his Minister for Foreign Affairs to stop bickering.

Speaker 15 (26:35):
We have a team that works together very effectively, dangerously effective,
in such a way that it's going to keep the
opposition right where they are for a very long time.

Speaker 11 (26:48):
Wish we'll thinking that's probably true though.

Speaker 2 (26:51):
All right, what's Jane Jones banging on about the dolphins?

Speaker 17 (26:54):
Oh?

Speaker 11 (26:54):
I love this because apparently there was a twenty twenty
one report issued by the government. It's suggesting that the
population of hectors and Maui dolphins it's about fifty four
or even as few as forty. A question from the
Greens had the Minister of Oceans and Fishery, Shane Jones,

(27:15):
casting doubt on the very existence of the dolphin species.

Speaker 18 (27:19):
Over the years, a host of restrictive measures have been
put in place for this mythological creature, sadly known as
Maui's dolphins. This has had a significant impact on the
ability and the viability of the fishery sector. But we
should not devalue the work that has already taken place
on the west coast of Teko or Mahwi to provide

(27:41):
remedial measures for this declining population of mythical Hector's dolphins.
But I will not be guilt shipped about mythical creatures
living off the west coast of Taranaki.

Speaker 2 (27:53):
He just thinks they're the same dolphin based he says
they are the same dolphins.

Speaker 6 (27:57):
I'll talk to him after that.

Speaker 11 (27:58):
He said they are. They never been different dolphins. That's
as new, all right. Not the Greens view that much.

Speaker 2 (28:05):
So are you going to you're going to be tuning
in for Bossy's veldtrup.

Speaker 11 (28:08):
Well, one of the few contributions that I've made to
politics came today and one of Benjamin Doyle's rare questions. Essentially,
what they did was hold up the proceedings as they
asked questions in maldi, which of course they're entitled to do,
but it was something of a struggle to get an answer.

Speaker 17 (28:27):
Here they are Kate Feifer, card or Ia Keith Manna,
Teddy t or Way tong Hu tanga a ma to
dunga manga akuna maudi was to speak.

Speaker 15 (28:41):
I'm not getting any translation through this.

Speaker 6 (28:46):
That's been a problem all week, and I've got this.

Speaker 11 (28:48):
I don't know whether there was a problem for the
bewildered translator, or whether it was indeed a technical problem,
but anyway we can hear more from them. That's Doyle
when they delivered their valedictory in about an hour's time.
See how correct I was hither in the pronouns which
from here on and won't be such a problem with

(29:10):
him gone.

Speaker 2 (29:12):
Up to that point. Just well, thanks you. Barry Soper,
Senior political Correspondence nine away from five, putting.

Speaker 1 (29:20):
The tough questions to the newspeakers, the mic Hosking breakfast.

Speaker 19 (29:24):
It's new numbers around youth offending, showing it's down fourteen
point six percent. Car and Chaws the Children's Ministry. How
much of this is RAM raids?

Speaker 20 (29:30):
Oh yeah, that's a big part of the RAM raids
have dropped by eighty two percent. And we do know
that a small group of young people are causing a
large problem within our community. So we're focusing on this
small group of serious, persistent youth offenders and it's starting
to work good.

Speaker 19 (29:46):
In your press release, you're claiming boot camps. Correct me
if I'm wrong. The boot camps haven't even started.

Speaker 20 (29:50):
Yes, but we did run a pilot and we had
a lot of learnings from that pilot that we're now
using within our work program.

Speaker 19 (29:57):
Back tomorrow at six am the Mic Hosking Breakfast with
Vida News Talk.

Speaker 2 (30:01):
ZB five Away from five. Look, thank you for the
birthday messages to appreciate it. It's very nice. Thank you.
I have honestly had so much cake today I feel
quite funny from it. I'm not used to this amount
of sugar. Because I started, I thought, do you know,
when you're a parent, you decide that you've got to
do all kinds of weird things just to keep that,
you know, give the kids an experience. So we had

(30:24):
cake this morning after breakfast, so that that the wee
one who's three and a half could could have a
fu make a fuss. But what he's he didn't even
like the cake, and they're not sitting there eating my
cake and his cake. I didn't really like the cake. Ey,
they don't really like cake anyway, So I had a
double dose of that. Then I came in the German
made a very sugary cake, so I had to have
that as well. That was actually quite delicious, but I

(30:44):
could only have half of it because I've already loaded
up before. But what he was really into was striking
matches because then he then he then he learned he
saw his dad do that, so now he wants to
strike matches all the time. So anyway, we're about to
put them high away, haven't we. Oh here the cake
hair was lovely overnight with Trump's function. Look, I will
agree with you. Actually Kate's head, they have either taken

(31:06):
the extensions, will wig out or something. She's gone back
to having her own hair and it looks outstanding again. Milania.
Just on the subject, Milania has been trolled for the
dress that she walter the state banquet, which I think
is deeply unfair. It is great if you haven't seen it.
It's a Caroline, a Carolina Herrara gown. It's off the shoulder,
on both sides are long sleeves, column silhouette. It's she's

(31:29):
got a wide lilacs sat it's yellow, by the way,
very yellow like like you know, buttercup yellow. And it's
she's got a white lilac satin belt and then a
pair of rather spectacular emerald earrings on it. The common
the consensus on this is that it is not state
banquet enough, Like it's just not because because then she's

(31:49):
standing next to Kate, and then Kate's got on a
gold lacey thing and it's sort of couture. She's got
a gown and she's got a long sleeve, full length
gold lace evening coat over the top. And I've got
to be honest with you, and I said, when I
looked at the pair of them, I thought Milania looked better.
Because while I do think Kate always looks beautiful and
everything that she's wearing, that dress could have come from

(32:10):
the Victorian erar, do you know what I mean? And
I wish the royals do this all the time. They
dress like it's several decades ago. They put their children
still have to wear those awful little sandals with the
socks and the weird outfits that kids worn the Second
World War, And I feel because they just keep trying
to do the nostalgia thing. Anyway, I'm coming to the
defense here of Milania's dress, but I cannot defend the hat.

(32:32):
Ha Have you seen the hat?

Speaker 17 (32:34):
The hat?

Speaker 2 (32:35):
The hat is obnoxious. She needs to stop using the
hat as some sort of a cage to keep people
away from her. Anyway. Nikola Willis is going to be
with us next on the GDP print newstig zby.

Speaker 1 (32:54):
Dressing the newsmakers to get the real story. It's Heather
Duplessyl and Drive. We have one New Zealand to coverage
like no one else.

Speaker 3 (33:03):
New thoughts would be.

Speaker 2 (33:05):
Afternoon. The GDP number out today has come as something
of a shock. It was far worse than expected for
Q two, down zero point nine percent. That is three
times as bad as predicted by the Reserve Bank just
last month. Now, Nikola Williss is the Finance Minister, High Nicoler, Hi,
is this worse than you thought it would be?

Speaker 21 (33:22):
Yes, the consensus forecast was that we did have a
negative quarter, but the view was that it was more
like zero point three percent. So this is bigger than forecast.

Speaker 2 (33:31):
Okay, Now you're putting this down to the tariffs, right,
and I think to some extent you are right, but
it is bigger than that as well. There is domestic
stuff going on here.

Speaker 21 (33:40):
Well, what we know is in the first three months
of the year we grew at zero point nine percent positive,
which was far faster than anyone had been forecasting, three
times the rate Australia was growing at that time. And
we know that the Trump tariff announcement really knocked the
stuffing out of people's confidence. And we'd felt in the
economy that drawback on an investment and hiring intentions. And

(34:01):
I think this data reflects that.

Speaker 2 (34:03):
There is also the manufacturing collapse, which feels like it's
related to the energy prices.

Speaker 21 (34:07):
Yeah, well, the manufacturing is also about the timing of
when farmers send stock to be processed. It's also about
how much inventory firms are stocking up for export. So
I think there are range of factors at play in
that manufacturing data. What we know now is that this
is a time to really be kicking off construction and activity.

(34:28):
So I'm pleased that today we've announced the first FastTrack
housing project that will see more than two thy seven
hundred jobs created in Nelson with hundreds of homes, an
uplift to GDP of three hundred and forty million. We
want to get more of those fast track projects underway,
more government construction underway. All of those will be tailwinds

(34:49):
for growth.

Speaker 2 (34:50):
Are you worried that this is going to knock people's
confidence all over again?

Speaker 21 (34:54):
Well, I don't think people should overread the data for
the second quarter. They need to remember that data and
forecasts do bounce around. In the first three months of
the year, As I said, we grew a lot faster
than anyone had predicted. We also know that we're now
in a different phase where growth by consensus is faster
than it was a few months ago. We've got those

(35:15):
bigger interst rate reductions coming through, and I'm sure that
the Reserve Bank will look at this data and see
that that underestimated how slow the economy had been, and
they'll have to reflect on that as they make future
interest rate decisions.

Speaker 2 (35:28):
What I think the problem is is that it's going
to knock people's confidence in the institutions. Don't you think
is going to knock confidence in the Reserve Bank's ability
to see what is actually going on and do the
right thing with the ocr It is going to knock
people's confidence even in the government because you guys have
been saying for the longest time there are green shoots,
it's fine, we're on track, and then get this massive contraction,

(35:48):
maybe even in bank economists who haven't seen it. And
there's the problem, isn't it is that if you don't
know who to trust, you just keep your money in
your wallet.

Speaker 21 (35:55):
Well, it's always the case that forecasts are crystal balls,
and no can ever be completely definitive. I think you
have seen the Reserve Bank pivot in August where they
really focused at that point on the downside risks to
growth and did price in that additional interest rate reduction.
For our part as a government, this reinforces why it

(36:16):
is not the time to be increasing taxes, Why we
should be doing the investment boost, tax deduction for businesses
making investments. Why we must fast track projects despite the
cries from environmentalists and others. We need to see that
activity happening. Why we must say yes to more overseas
investment and trade. We must get those spades in the
ground on the government's own infrastructure projects. All of the

(36:38):
activity that we're doing is more needed than ever, and
an alternative course of just simply borrowing more and spending
more would not have done anything to fix the second
quarter result.

Speaker 2 (36:49):
It looks to me like we're going to get it.
I mean, it must at least be a serious possibility
that we get a fifty basis point cut next month. Yeah.

Speaker 21 (36:55):
Well, I've seen bank economists are predicting that others are
more cautious and their outlock ultimately will be for the
Reserve Bank to decide.

Speaker 2 (37:03):
Nichola, thank you for your time. Nichola Willis Finance Minister.

Speaker 3 (37:06):
Ever duper c Ellen, self driving.

Speaker 2 (37:09):
Cars are no longer a thing of the future in
New Zealand. Tesla has switched on their full self driving
feature for the country overnight, which means we will now
have motorists with their hands off the wheel potentially on
our oads. Greg Murphy is a key WE motorsabalet champ
and a road safety advocate and with us. Hey Greg, Hi,
how are you well but a bit nervous about this?
How about you?

Speaker 22 (37:31):
Well, I think you've sort of got to read the
fine for a little bit too. I think it's actually
quite convoluted and how Tesler have come out with this
full self driving supervised in brackets. It does not make
the car autonomous and is intended to be used only
with a full attentive driver. So I'm a little confused
by there's been sort of systems and some cars Tesla's

(37:56):
predominantly for a little while that you know, allow people
to take their hands off the wheels and pieces. But
it concerns me greatly. You've got to pay for this though, either,
you know, it's a money making scheme, no surprise, no
surprise whatsoever that it's money making scheme for Tesla. So
one hundred and fifty five per month subscription for model
three and why vehicles. I'm concerned that people are going

(38:18):
to do this because they think it's cool.

Speaker 8 (38:20):
And they think it's you know, it's a bit of
a fad thing. Again.

Speaker 22 (38:24):
It's like I want to be the first to have
be able to drive around or have my car drive
me around with the hands off the wheel.

Speaker 8 (38:29):
It really concerns me greatly.

Speaker 22 (38:31):
To be fair, I mean, Tesla have got a haven't
got a clean record when it comes to their autonomous
vehicles around the world, with a few lawsuits that have
taken place in various places. So the best way to
be in a car if you are behind the steering
wheel is to be in control and be paying attention.
They are sort of saying, oh, well, this makes it easier, safer,

(38:53):
less stressful, like cruise control on steroids. To me, it
sounds dangerous and very risky and it concerns me greatly.

Speaker 2 (39:02):
Yeah, I don't love the sound of it. Okay, what
are the rules? I mean, does the road rule that
do the road leaves here in New Zealand actually allow
for you to be in control of the vehicle with
your hands off the wheel.

Speaker 22 (39:12):
That is a very good question that I don't have
the detail on it, and I'm picking based on when I
spoke to you producer earlier. No one seems to know
and no one seems to want to comment on it
from a regulatory perspective, So I don't know if there
is something written about it or not. But being that
the government hasn't seen anything in ZTA hasn't seen anything,

(39:34):
mot hasn't said anything.

Speaker 8 (39:35):
Do they even know this was happening? Is it allowed
to actually happen?

Speaker 22 (39:38):
I'm not really sure of what the regulations and rules
say about this, but as I said, you know, we've
got enough issues and they're probably claiming that this is
going to make it safe because our cars and our
cameras and the technology is going to be take some
of that risk away from drivers that you know, are
you know that do make mistakes, aren't attentive, aren't focused,

(40:00):
and are.

Speaker 8 (40:01):
Distracted, so let's let the car do that.

Speaker 22 (40:03):
Well, I'm not convinced that that is the way to
go about it.

Speaker 4 (40:07):
You know.

Speaker 8 (40:07):
And again it says you need to be attentive.

Speaker 22 (40:10):
There's a whole loer of rules written in the article
about what you've got to do and what the car
will tell you to do if it senses that you're
not being attentive. So a little bit of information and
a little bit of knowledge by some people could be very,
very dangerous if they're expecting that this is going to
do something that it actually doesn't do. And again that's
a problem because a lot of technology and cars these days,

(40:31):
people understand a little bit about they rely on it
and they shouldn't rely on it. And that's because we
don't train, we don't prepare people for these things and
so that they understand what they've actually got.

Speaker 2 (40:42):
Yeah, Greg, thanks well, said Greg Murphy, sport ke we
motorsport champion and road safety advocate.

Speaker 13 (40:47):
Yeah.

Speaker 2 (40:48):
So we called the police, and we called the NZTA,
we called the Ministry of for Transport, we called the
AA and none of them wanted to talk about this.
And we're not clear why, but it may be a
lack of understanding about the rules as possibly part of it. Listen,
let's deal next with the crusader's ticket pricing. I've got
a text here saying actually Heather, it's one hundred and
twenty seven US dollars to go to watch the Cleveland Browns,

(41:08):
So the Crusader Canterbury prices actually sound fairly reasonable. Talk
to Mick Beauley about that quarter past. Big news for
both business and nature lovers. One New Zealand has just
teamed up with the Department of Conservation in a partnership
that's all about protecting New Zealand's unique biodiversity using the
power of technology. So DOC has named One New Zealand

(41:28):
a new national Conservation partner and a collaboration that's expected
to direct about fourteen million dollars into supporting and protecting
nature over the coming years. Now, thanks to One New
Zealand's cutting edge satellite to sal Tech, dock rangers are
soon going to have better connectivity while they're out there
doing their work. That will enable safer fieldwork, faster data collection,
smarter decisions in some of New Zealand's most remote places.

(41:50):
One New Zealand satellite text is already proving really valuable
in past where the dock rangers protect the Kiwi. It
allows them to keep in touch with base, get the
weather updates, request help of the need it as one.
New Zealand CEO Jason Powers says, this is about using
technology to help preserve our natural heritage. It's a powerful
combo of business smarts and environmental care, better connectivity, better

(42:12):
conservation and a win win for New Zealand.

Speaker 3 (42:15):
Heather dooperla.

Speaker 2 (42:16):
By the way, as I've mentioned, there are now a
lot of calls from major banks for a fifty basis
point cut next month and then twenty five in November.
We're going to have a chat to Cali Ecold of
Westpac after six o'clock. Right now, it's nineteen past five. Now.
Some Crusaders fans are really unhappy at next season's membership prices.
Costs are jumping by up to forty percent as the

(42:37):
team moves into the new stadium. Nick Bewley is the
Newstalk ZB Crusader's commentator and with us Hello, Nick.

Speaker 23 (42:43):
Good day, Heather.

Speaker 2 (42:44):
Is this value for money or is it a ripoff?

Speaker 3 (42:48):
Well?

Speaker 23 (42:48):
As Colin Man's, which of the Crusader's CEO, puts, the
experience will be akin to driving ferrari as opposed to
a Ford Katina going from the central city or going
from the Addington Stadium to the Central City. Stadium which
is online in April next year, and I kind of
get where he's coming from. However, the fact of the
matter is the Crusaders have seven home games in this

(43:10):
what makes up your membership ticket next year, three of
which are still out at the old stadium in Addington,
four in the new stadiums. That's probably why some fans
are most upset. But to be perfectly honest, I felt
like it was always going to be a big jump
because the stadium costs well over or almost at least
half a billion dollars.

Speaker 2 (43:29):
Yeah, so am I reading this right? The adult reserved
seating which cost one hundred and forty dollars is now
going to jump up to about one four hundred and
fifty dollars.

Speaker 23 (43:38):
The numbers I've got in front of me, Heather, so
they have. The silver for this year was one hundred
and forty for the season, so seven games twenty bucks
a game. Effectively, that's now at two seven nine, so
that's effectively double. So these are seats that are behind
the posts for those who are familiar with rugby. For
the gold seating, two hundred ninety bucks this year, four
hundred and fifty five next year. These are all adult

(44:01):
prices by the way, a premium or three eighty five
seven five, Yes, well, obviously there's there's just more capacity
for the corporate hospitality and VIP seating, et cetera. When
you go from a fifteen thousand seat stadium to a
thirty thousand seat stadium, you can pay upwards of three
two hundred dollars for a season pass.

Speaker 8 (44:18):
It gets you.

Speaker 23 (44:18):
Into what's dubbed the Auto Tahi Lounge, all sorts of perks,
lovely fancy chair. I see even here it says luxurious toilets.
So look, it's a completely different experience that the premium
offering at Apollo Project Stadium in Addington was five hundred
and seventy five. So it obviously is more, but I
go back to the point that it is a very

(44:40):
different experience. It may price a few people out, which
is unfortunate, but this is the reality of the new
stadium and christ Church and also the reality of having
a substandard stadium for the last fourteen years.

Speaker 2 (44:56):
Good stuff, Nick, Thanks very much, Nick Buley News Talks.
It'd be crusaders common five hundred and seventy five dollars
for the premium membership up to three two hundred, whoof
South Island's doing well if you can afford that?

Speaker 3 (45:08):
Five twenty two A hard questions, strong opinion.

Speaker 1 (45:12):
Heather Duplicy Ellen Drive with one New Zealand tand of
Power of Satellite Mobile News Dog said, be.

Speaker 2 (45:19):
Uh five point twenty four. Right, let's talk about Jimmy Kimmel. Now,
I'm not a fan of Jimmy Kimmel. I don't find
Jimmy Kimmel funny. But then I don't find any of
that Late Night US humor particularly funny. However, I do
not think that what he said about Charlie Kirk's death
was bad enough to get him fired. So what he
said is we hit some new lows over the weekend
with the Maga gang desperately trying to characterize this kid

(45:41):
who murdered Charlie Kirk as anything other than one of
them and doing everything they can to score political points
from it. And then he questioned how upset Donald Trump
really was, saying, this is not how an adult grieves
the murder of someone he called a friend. This is
how a four year old mourns a goldfish. Now, look, yes,
that is tone death, but it is not a sackable offense.

(46:01):
In fact, I would argue that it's fair for commentators,
which he broadly is, to point out if they think
politicians are scoring political points on grief, which I think
some undoubtedly are. Now that is not to excuse everything
that has been said about Charlie Kirk. There are way
too many people online and on television and on various
other publications in the US particularly who have celebrated Charlie
Kirk's murder and have suggested that he basically got what

(46:24):
he was asking for. I find that sentiment unacceptable, and
in some cases I do find it a sackable offense.
But this is not a sackable offense. What I object
to here with what's happened is that we have just
flipped cancel culture, haven't we. And for the longest time,
people on the right were scared to say the wrong
thing because if they did then people on the left
would get them canceled. We have just reversed that. Now

(46:46):
now it is people on the left who are getting
canceled by people on the right, and it's presumably because
it's the right that is largely in power. And this
includes by the way, Jade Vance, the Vice president who
has celebrated a mass doxing attempt to find and name
people who are celebrating Childie Kirk's murder. This is not
a good outcome for anyone. People on the right should
know better than this because they have lived through being

(47:07):
the subject of cancel culture and they know how much
it sucks. No one should be canceled for saying something
as off yes, but still as innocuous as Jimmy Kimmel.

Speaker 3 (47:16):
Has Heather dupless.

Speaker 2 (47:18):
We're gonna put that to the huddle shortly. Also, by
the way, you know this, this this outfit AURA that's
been doing all of the facial recognition all of the
you know, the the retailers post their like shoplifting stuff
to it. It goes to the cops, the cops. It's helped.
It's been helping the cops like crazy to solve various
shoplifting and stuff like that. They are now going to
run the trial to test the live facial recognition stuff

(47:40):
in supermarkets. We're going to talk to the global head
of risk about that. He's going to be with us
straight after the news. Heather elections are won and lost.
On the economy, it's not looking good for a second.
National term well fair bet of water to go under
the bridge between now and the next election. How I

(48:01):
largely agree with that sentiment. This is not looking good,
especially when you look at that that polar came out
a couple of days ago, suggesting National is actually coppying
the blame in a burg way for what's going on
with the economy. Anyway, we'll put that to the huddle.
They're gonna be us shortly, News talks d.

Speaker 3 (48:17):
Digging deeper into the day's headlines.

Speaker 1 (48:20):
It's heather of duplicy Ellen drive with one New Zealand
coverage like no one else news talks.

Speaker 3 (48:26):
That'd be you were my.

Speaker 4 (48:29):
I'm dreaming, you trying to dream?

Speaker 2 (48:36):
All right, we have the huddle standing by Phil Goff
and Thomas Scrimger will be with us. By the way,
Roger Douglas is now calling for Nikola Willis to resign.
It's both he and Robert mcculluch. Robert McCulloch being the
macroeconomics professor from the University of Auckland. They say the
GDP print out today is partly her fault because she's
sending New Zealand bankrupt by failure to get to grips
with our ballooning fiscal deficits and public debt, her own

(48:59):
treasury on predicts who claim that New Zealand is on
a path to surplus. It is not. Willis is not
up to the job and is not leveling with the
New Zealand public. Twenty four away from six. Now, you
know this company that's helped retailers much more easily report
shoplifting incidents to police, it's now going one step further.
It's trialing live facial recognition technology. The new tech will

(49:20):
alert retailers when someone walks in the door who has
previously been flagged for serious offending. Nick McDonald is aura's
global head of risk and with us. Hey, Nick got
to hear that.

Speaker 14 (49:29):
How are you very well?

Speaker 2 (49:30):
Thank you? So how does this work? Is it the
case the shoplifter walks in CCTV picks up the face,
your tech alerts the shop that someone dodgy is there.

Speaker 8 (49:38):
Yeah, essentially, that's right.

Speaker 24 (49:40):
So the alert that's sent to the frontline shop workers
based on the previous behavior of the person in the store.
So that could be that they have been carrying a weapon,
they've assaulted a staff member, that sort of thing, and
then that will alert them to say, hey, is this
the same person purely for identification per only with a

(50:01):
lot of those safeguards built into the system as well
to make sure we're protecting the privacy of the good
people who haven't actually offended in the stores.

Speaker 25 (50:08):
Okay.

Speaker 2 (50:08):
So, and at that point, it's basically up to the
storekeepers how they deal with it, whether they refer it
to the police or.

Speaker 24 (50:13):
What that's right, and even how they respond. There's lots
of different ways they can respond. They can greet the
person and as they walk in, or they might not
approach at all because the person's been known to be
violent or aggressive or carry a weapon, but it just
gives them that really critical moment's notice so they can
respond better and keep themselves safe.

Speaker 2 (50:35):
Is this information that will be shared between stores? So,
for example, if the person has walked into another different store,
totally different town, totally different kind of retailer, can I
get alerted in my store that that person's a dodgy one.

Speaker 3 (50:49):
So the way in which we is a great question.

Speaker 24 (50:50):
The way in which we've built the system and built
the solution for retailers is that we want them within
their own information that they already have in our system.
We want them to be able to keep their stores safe.
So we're not going to share this or they're not
planning to share this between retailers, but within their own
store network, the expectation is that they would be able
to share it because there is a need for that

(51:12):
and they've got an obligation to keep their staff across
their store network safe. But the key bit here, and
this is a really important point. We know that ten
percent of offenders are causing sixty percent of the harm,
and we know that those repeat organized offenders are steering
and you committing these acts of violence across a wide

(51:33):
geographic area, and so it's quite important for the store
to be able to share that information in the right way.

Speaker 2 (51:39):
Hey, Now, given that shoplifting is proving to be quite
a problem around the world, I would imagine that there
is a fair bit of business that you guys might
be able to do in places like Australia and the
UK and stuff.

Speaker 24 (51:51):
Yeah, so we're already established in those markets and we
work with some of the largest retailers in the world.
And the thing that's really driving this is a few things. One,
the crime has gotten more violent and that's a global trend.
And it's organized as well, right. And then the technology
that relates to the facial recognition element of this, which

(52:12):
we don't build ourselves, we'll integrate with other providers of that,
but that technology has gotten so much more accurate over
the last two years, three years even.

Speaker 8 (52:23):
And then, of course.

Speaker 24 (52:24):
The retail leaders that we work with are telling us
they've got an obligation, whether it's through law or just morally,
to keep their people and their communities essentially safe. And
so all of those factors combine, we think now's the
time for us to step into this space quite proudly
as well and support our customers.

Speaker 2 (52:42):
Good stuff. Hey, Nick, thank you very much for your time.
Nick McDonald, Global head of Risk at AURA.

Speaker 1 (52:47):
The huddle with New Zealand Southeby's International Realty find your
one of a kind.

Speaker 2 (52:53):
It's tweentty away from six And on the huddle of
this evening we've got Thomas Scringer of the Maximum Institute
in phil GoF former Auckland Mayor for my High Commissioner
to the UK. Hello you two, Thomas. How are you
feeling about that GDP number?

Speaker 12 (53:07):
Oh yeah, it's pretty concerning, I think, and certainly the
government will be very, very unhappy with it. They've pitched,
you know, a lot of their identity as a government
of getting economic growth back. It's probably the flip side
of their challenges. They claim they're going to be the
ones to bring economic growth back. Governments don't actually create
economic growth. There's a whole lot of things outside of
their control, and now they're experiencing I guess the negative

(53:31):
side of that. They were wanting to claim credit for
the good news and now the bad news comes and
they have to wear it.

Speaker 14 (53:36):
And Roger Douglas is right.

Speaker 12 (53:38):
We're still running a structural deficit within the four cast period.
We're not returning to a surplus, so they have real challengesh.

Speaker 2 (53:45):
So when you say Roger Douglas is right, do you
agree with Roger Douglass and Nicholaulas should resign.

Speaker 12 (53:50):
No, I'm saying Roger Douglas is right about the structural deficit.
I'm not going to make a comment either way about
the Finance Minister's future, but certainly it is a real challenge.
She was talking a big game about getting us back
to a balanced budget and we're not there.

Speaker 2 (54:04):
Yeah, now, Phil, what do you think about this? My
concern I want to know if you share my concern.
My concern is that we are so nervy and scared
at the moment and worried about what's happening with the
economy and whether we're through the worst of it, that
any kind of bad news like this just sets us back.
Do you worry about that?

Speaker 26 (54:21):
Yeah, a little. I mean you've got to face up
to the reality though. I mean, this was a shocker
of a result. The Reserve Bank said the quarter would
decline by about zero point three, and it declined by
three times more than that point nine, And that means
three out of the last five quarters the economy has
been in recession. Look, I'm not into calling for people

(54:43):
to resign, but Roger Douglas is right that you've got
to come clean on the fact that your deficit is
continuing and you can't keep blaming. I mean, I found
this even in England, you know, hearing Kirstarma blame the
Conservatives for everything. I feel the same way when I hear,
you know, the National par to hear blaming its predecessor.
In the end, you know, nearly two years into your term,

(55:04):
you've got to start taking responsibility for your own actions
and whether they've been effective. And Douglas is right, as
Treasury is right, You've got to start to address problems
like you know, we're aging population, my generation, the baby boomers,
more cost on superannuation, more cost on healthcare, and you
can't turn a blind eye to that. So you've got

(55:26):
to start addressing some of the underlying problems and take
some of the hard decisions. And I don't think that's
been done now.

Speaker 2 (55:32):
On the self driving Tesla's I'm I'm I'm a bit
freach out. I mean, look, I'm totally overstating this, Thomas.
I'm not freaked out. I'm a little bit nervous about it.
How do you feel.

Speaker 12 (55:44):
Well, I'm mostly excited. I can't be worse than the
average keiw We driver. I mean, you know, I've been
known to be distracted before or tired, so I'm playing
on your phone quite exciting. Oh no, never that. But
you know we're not always at our best. So I
think self driving cars are an exciting development. I do
worry we're not ready for it in ZTA, seems like
there might be a little off guard. Certainly, our legislation

(56:06):
wasn't written with this sort of thing in mind, so
We're going to have to adapt pretty quickly because it's
just going to come faster and faster, more and more
people will get excited about it.

Speaker 14 (56:14):
So, yeah, self driving cars work future.

Speaker 2 (56:17):
I don't know about you, Phil, but if I'm walking
down the road and I see a Tesla coming from now,
and I'm going to be clapping eyes on that thing
like how, you know, just to avoid the kind of
sudden swerve into me.

Speaker 6 (56:27):
Yeah.

Speaker 26 (56:28):
Look, I'm not hugely worried because currently you've still got
to have a supervision. You've got to have somebody behind
the wheel, even though the car is theoretically capable of
being totally autonomous, So the rules in New Zealand, such
as they are, require a fully intentive driver at all times.

Speaker 5 (56:45):
By law.

Speaker 26 (56:47):
Tesla reckons that the car is fifty four percent safer
than a human driver, and that could well be right.
You know, the machines don't make the same mistakes as
human beings, but they might make different mistakes. What if
the system and coast down, you know, some something happens
and the electronics fail. You've got to be you've got

(57:07):
to be cautious about it.

Speaker 14 (57:08):
But I'm not.

Speaker 26 (57:09):
I'm not freaked out about it. Mind you, if I
did see a car coming down the road with no
driver behind the wheel, I kind of would look for
an escape room that was necessary.

Speaker 2 (57:18):
I don't think that's like, but it would freak you out.
All right, we'll take a break with the pair of you.
Come back and to take sixteen away from.

Speaker 1 (57:23):
Six the huddle with New Zealand Southeby's International Realty, the
global leader in luxury real estate.

Speaker 2 (57:31):
Bossy's valedictory speech is underway right now, so we will
bring you all the best, but so you don't have
to sit through the whole thing. Shortly, it's thirteen away
from six and of course you're back with a huddle.
Phil Goff and Thomas Scrimger. Thomas, how do you feel
about Jimmy Kimmel' show being canceled?

Speaker 14 (57:45):
Oh?

Speaker 12 (57:45):
It seems like a bit of a bit of a
sketchy situation, really, and I think really disappointing. I mean,
we talk about kind of cancel culture and all of
that principles really matter. The American right was deeply worried
about cancel culture years under under the Biden administration, and
now they have asserted kind of cultural dominance, and now

(58:06):
the shoes on the other foot.

Speaker 14 (58:07):
Now, Jimmy Kimmel was wrong.

Speaker 12 (58:10):
He was straightforwardly articulating misinformation. He was not correct when
he was saying that the shooter was Maga, but that
that shouldn't matter.

Speaker 14 (58:18):
He's a late night comic.

Speaker 12 (58:20):
His job is to articulate opinions, to be funny or
try to be and he should be given wide leeway
for expressing his opinions. Yeah, I do wonder his show
is quite you know, old fashioned that late night TV,
and incredibly expensive. His you know, equivalent, Stephen Colbert's show
was losing tens of millions of dollars a year when

(58:41):
it was canceled. So maybe maybe the network is trying
to do him a bit dirty by canceling him for
another reason, looking for an excuse.

Speaker 2 (58:49):
Yeah, I think, Yeah, I did wonder about that. Carry on.

Speaker 12 (58:51):
Ah Yeah, But if you if you're upset about his
you know, his criticisms of the Maga movement and all
of that. If people are really really worried, the solution
is simple, have an argument with him. Charlie Kirk, at
his best, was arguing with people about things he believed.
To cancel Kimmel for expressing a controversial view is hardly
in the spirit of the life Charlie Kirk lived.

Speaker 2 (59:13):
Will do you reckon film?

Speaker 14 (59:15):
Yeah?

Speaker 26 (59:15):
Yeah, Look, I agree with what Thomas said. I think
that in addition to that, I think it's absolutely wrong
to weaponize assassinations by blaming your political rivals, as Trump
has done. I mean, we've seen a lot of people,
even as recently as June, where we had a congresswoman
in Minnesota, a Democratic congresswoman assassinated and a husband alongside

(59:37):
by a guy who just killed another law maker, and
the Democrats didn't come out and say this is a
Republican plot. I mean, Kimmle's was wrong. This guy wasn't Maga,
although his parents were registered Republicans. But you know, you
don't freedom are free in democratic society. You don't silence people,
and you don't get somebody in as powerful a position

(59:59):
as Brendan Carr was as chair of the Federal Communications Commission,
saying that the pull broadcast licenses unless Disney did something
about Kimmel's comments. The comments weren't absolutely offensive, they were
simply wrong. But if you're basing on things being wrong,
you know, fact checkers tell us at about seventy percent
of what Trump's is is not evidence based and he's

(01:00:21):
not being canceled. So I think you just got to
have You've got to have that open debate and you
don't weaponize and you don't polarize society in a way
that Trump is really prone to do. If you want
to look anywhere at the level of violence in the
United States, look at the gun laws, and look at
the culture of the place, and that explains why the
United States is much worse than any other country on

(01:00:41):
Earth that's a democracy in terms of that sort of
level of political assassination and gun violence.

Speaker 2 (01:00:48):
Fair enough, Thomas, Listen, there was an interesting survey which
were covered at the start of the program saying that
one in three young men believe the quality has gone
too far, like as in feminism. What do you think's
going on there?

Speaker 12 (01:00:58):
Well, firstly, I think it's as we're taking surveys like
this with something of a grain of salt to get
this qualitative feedback. You ask a question and you think
you know what the respondent is hearing when you ask
the question, but they might be thinking about something else.
But when we talk about young men specifically, if those
are immediately you know, university age or school leavers. The
direct experience of the world is an education system in

(01:01:21):
which boys and young men are doing worse than girls
and young women. Now, obviously income and equality throughout a career,
men are still earning more.

Speaker 14 (01:01:30):
But if we're looking at that youngest.

Speaker 12 (01:01:31):
Cohort, educational equality has been achieved, and so that is
their most immediate experience. Probably we can also think it's
just a larger trend, I guess against the affirmative action
moves we've seen in previous years towards a more traditional
or conservative view among young men.

Speaker 14 (01:01:50):
So there is a real shift, but I wouldn't overinterpret it.

Speaker 2 (01:01:53):
Yeah, I did wonder if it's the affirmative action stuff, Phil,
what do you reckon?

Speaker 26 (01:01:57):
Yeah, I'm really curious as to why respect they think
that equality has gone too far, And the survey doesn't
really tell us that girls are doing better in education
and in a lot of areas. But I don't think
because they're being given any special advantages. We do have
a problem with young men and boys at school that
aren't doing as well as they should be, and I'm

(01:02:20):
not condemning them for that. I'm just thinking that if
we're going to address the problem we need to look
at why young men aren'ts are focused and aren't achieving
in the same way as young women. But absolutely wrong
for them to say it's all because equality's gone too far.
They need to look at why they're not doing better
and take some responsibility for that themselves. And we need

(01:02:41):
to look at the system to see how we can
make young men do better than they have been doing
in the education system.

Speaker 2 (01:02:47):
Yeah, hey, guys, thank you, appreciate your take and everything. There.
Phil Goff, Tomas Scrumger are huddle this evening. I'm going
to get you some bossy from the validatorue speech next
eight away from six it's the.

Speaker 1 (01:02:57):
Heather dupas Allen Drive Full show bod My Hard Radio
powered by News Talks be.

Speaker 9 (01:03:05):
All right.

Speaker 2 (01:03:05):
Five away from six, Bussy's valedictory speech has started.

Speaker 17 (01:03:09):
I did not come here on my terms. I was
summoned under difficult and unexpected circumstances, but I accepted that call. Today, however,
I leave by choice, not because I want to, but
because I have chosen to put my child first.

Speaker 2 (01:03:29):
Now, Benjamin Doyle explains what they learned in parliament.

Speaker 17 (01:03:32):
This place was not built for people like me, which
is precisely the point. It was built on the basis
of exclusion and control, on taking, hoarding and guarding power.

Speaker 2 (01:03:49):
Now they say change is still possible, but it comes
at a price that they are not prepared to pay.

Speaker 17 (01:03:53):
It's taken me ten months to truly comprehend what that means.
And while I do not accept that change is impossible
from inside, I have come to learn that it comes
with a price of violence and hate towards my people.
This is a price I am no longer willing to pay.

Speaker 2 (01:04:16):
What a surprise. It's everyone else's fault. Also, Bossy has
a theory on who Parliament is best for.

Speaker 17 (01:04:22):
This is a hostile and toxic place, especially if you're
not a sis, straight white man with a blue suit
and a briefcase.

Speaker 2 (01:04:31):
Yeah, okay, there we go. If there's any more, I
am getting a text from somebody who says that Bossy
is crying at the moment. So if there are other
parts from the valedictory that are worth bringing to your attention,
we absolutely will. By the way, just a really quick
update on the patches. We've been talking about the gang
patches and the judges giving the gang patches back to
the gang members. It turns out that there are three.
We thought it was two. It's three. And we found

(01:04:53):
this out because we asked the police this morning if
they're going to appeal the two cases that we know
of where the judges have given them back to the
money members, and they said, yeah, yeah, yeah, we're gonna
appeal all three cases. So there's a whole there's another
whole case that we weren't even aware of. So three's
a pattern, isn't it. Two's just you know, one incident,
two incidents. Three you could go, Okay, the judges is

(01:05:14):
definitely doing this thing, and they certainly are. Anyway, we'll
get you up to speed on that once we know
what the appeal is, and that's gonna probably take some
days or weeks. But next up, let's have a chat
to Kaliaccult, the chief economist of Westpac, about what happens
next and basically what he thinks should happen is the
ocr comes down by fifty paces points next month?

Speaker 3 (01:05:34):
What win?

Speaker 9 (01:05:38):
What win?

Speaker 3 (01:05:47):
Keeping track of where the money is flowing.

Speaker 1 (01:05:50):
The Business Hour with Heather dutlessl and Mass for Insurance
Investments and the Quie Savor You're.

Speaker 3 (01:05:57):
In good hands News Talks that'd.

Speaker 2 (01:05:59):
Be wow evening coming up in the next hour. Sam
Dickey on the FED cutting by twenty five basis points,
Jamie McKay on the nitrates stunt, and end of Brady
on Trump in the UK right now at seven past six.
Now there are strong calls for the Reserve Bank here
in New Zealand to cut the ocr by half a
percent double cut when it meets on October eight. The
economy contracted much more than predicted, with a zero point

(01:06:21):
nine percent fall and GDP in the second quarter of
the year. Calia cold is the chief economist at Westpac. Hey, Kelly, Hi,
So what are you calling for fifty basis points next month?
Twenty five in November?

Speaker 5 (01:06:32):
That's right, we upgraded our October call from a twenty
five point cut to a fifty point cup. Why well,
the GDP number was quite a bit weaker than everybody's predictions,
certainly the Reserve banks projections, which in this game are
the only ones that really matter. Last week, the governor
had indicated that if the data suggested they needed to

(01:06:55):
go faster, they would, So we're taking them at his
word there.

Speaker 2 (01:06:58):
Okay, but isn't it just Kellie? I mean, it's happened
in Q two. Q three is already better. Therefore, you know,
are we are we doing doesn't actually necessitate the fifty
basis points.

Speaker 5 (01:07:10):
Well, I think it's going to take them more quickly
to the same point. I mean, I think it is
right that the Q three indicators look better than Q two,
but we didn't when we looked at the data have
a reason to think that it was all going to
totally unwind immediately. So hence, you know, it does make
sense that if the Reserve Bank thought they had a

(01:07:30):
lot of too much excess capacity in the economy back
in August, they're only going to think there's more now.

Speaker 2 (01:07:36):
Yeah, do you think that, I mean, are you at
all worried about the impact this is going to have
on consumer confidence?

Speaker 5 (01:07:44):
Well, I think in that sense, it's already old data.
And we did release our own long running consumer confidence
survey earlier this week, which showed that consumers we're not
feeling particularly chirpy compared to the last time that we
did the survey three months ago. So I think people
already know that. I think what they perhaps maybe heartened

(01:08:07):
by is that lower interest rates come in a bit sooner.

Speaker 2 (01:08:11):
Yeah, Well, this is the thing isn't. It's I feel
like what's going on right now in this country is
that everybody is so nervy and so scared about what's
going to happen and whether we're actually through the worst
of it, that any bit of bad news just kind
of sets that off again. And so is the case
that if you cut the ocr by fifty basis points,
you just boost the confidence a little bit more.

Speaker 5 (01:08:30):
That was the Reserve Bank's argument back in August that
they needed to move more aggressively to put in those
guard rails to try to break through that caution that
businesses and households were feeling, particularly I think in the
major urban areas where they just haven't been the beneficiary
so far of the big gaining term to trade there
with head Kelly.

Speaker 2 (01:08:51):
Can we explain how the Reserve Bank got the so
monumentally wrong.

Speaker 5 (01:08:56):
In terms of the GDP forecast. I think they got
it the same way wrong as we all did, where
it's just really difficult in the last couple of years
to forecast call the GENP numbers. You were recall in
the middle of last year, for example, we all got
blown out of the water in terms of what happened
in Q two or Q three. You know, I think

(01:09:17):
that you would have expected with two hundred and fifty
points of easing in the tin that the economy would
be more resilient to some of the shocks that have
been going on out there at the moment. And hence
they thought reasonably, I thought at the time that they
should be slowing down and seeing the effect of what
they've done. And I appreciate that in hindsight it probably

(01:09:40):
looks like they could have gone a bit faster and
a bit sooner. But you know, the measure of these
situations is that when you recognize that you've made a mistake,
that you take quick corrective action. And I think that
fifty point cut in October will certainly fit that.

Speaker 3 (01:09:53):
Bill well.

Speaker 2 (01:09:54):
I mean, look, the thing about it is, though Kelly,
I understand that this is a difficult thing to get right. However,
all of the data or heaps of the data through
Q two was showing us that there was problem a problem.
We've had such bad manufacturing numbers, we've had such bad
consumer confidence numbers, and then they held in July. Is
that can we explain that away? When this is the

(01:10:15):
lot who are supposed to be you have their finger
on the pulse of what's going on here.

Speaker 5 (01:10:20):
Yeah, well, I mean they have an outcasting framework for
working out where they think the economy is in time,
and at that stage it wasn't telling them that Q
two was going to be a minus zero point nine.
It was probably telling them that we might have had
a minus point one or something like that. So they
embodied that into their forecasts at the time. But you know,

(01:10:41):
it's just to end up being worse than that. So
you know, it's one of those kind of Harry Hinde
sight things, isn't it.

Speaker 2 (01:10:48):
Perhaps so, Kelly listen, thanks very much, appreciate it. Kelly,
you are called chief economist at Westpac. Twelve past six
the world, I've got another example of our lack of humor,
claiming another ad stand by, I'm going to run you
through that shortly. Bussy has quoted a poem in their
valedictory speech. It's a poem called Rekindled by Tina Nata.

Speaker 17 (01:11:09):
And for as long as I breathe my story, I
am not vanquished. I am at once the victor and
the fallen, still here today, walking, breathing, laughing, dancing, love making.

Speaker 2 (01:11:34):
Interesting that everybody in the Green Party is there. Chloe's
fulbrick is not there. Now there could be a good
reason why Chloe's not there Thursdays Often, you know, leaders
of various parties maybe go off and do some other thing,
so that may be part of it. However, you would
expect that for a moment as big as the valedictory
of one of your MPs, generally you can't make an
effort to be there. But not Chloe's not there. Today

(01:11:56):
thirteen past six.

Speaker 1 (01:11:58):
It's the Heather dus Alan Drive Full Show podcast on
my Heart Radio empowered by Newstalks ebb's whether it's macro,
micro or just plain economics, it's all on the Business
Hour with Heather Duplicy, Allen and Mass for insurance investments
and Killie Saber.

Speaker 3 (01:12:17):
You're in good hands NEWSTALKSB.

Speaker 2 (01:12:20):
This is an interesting text. Ever, think about this, Heather,
What a shame that, after a week of the right
screaming that Charlie Kirk's death was an open attack on
free speech, an elected MP giving a speech to say
that they're leaving Parliament because of death threats received over
misunderstood social media from years ago gets erolls and glee
from a national radio station sixteen past six.

Speaker 3 (01:12:41):
The Rural Report on Heather Duplicy.

Speaker 2 (01:12:44):
Allan Drive, Jamie mckaye, host of the Countries with us
Elo Jamie.

Speaker 7 (01:12:48):
Happy birthday cousin Heather, and I just think before we
start this wonderful conversation, especially after that last text, I
probably need to do a bit of a cunliff because
I am a sis, straight white male with the blue
suit and a briefcase. Don't take the briefcase to work anymore, Heather,
but I used to, so I need to apologize.

Speaker 11 (01:13:07):
Jamie.

Speaker 2 (01:13:08):
Listen, thanks very much for the birthday wish. Now, Federated
Farmers are they right to say that this night rate
emergency is just a political stunt?

Speaker 7 (01:13:16):
Oh jeez, there's two sides to the story. So Federated Farmers,
their vice president, Colin Hurst, is based in Canterbury. He's
saying the nightrate emergency is a shameless political stunt and
won't how everybody remember it was the last day of
sitting for Ecan, who was certainly in the gun with
Farmers at the moment, and they passed it I think
by nine to seven to declare this emergency. So Feds

(01:13:39):
and Colin are saying all it will do is create
unnecessary panic and drive a wedge between our urban and
rural communities. The night traits, I might add here that
aren't all coming from the farmers. There's plenty coming from
the city as well. So Hurst is saying that ecn's
decision will undermine good work done by Farmer's Council EWEI

(01:13:59):
and why community over the last few decades. The data
shows the trends have been consistent for decades and nobody's
disputing in feeds or elsewhere that there is an issue
with nitrates in Canterbury. But they're saying to suddenly come
out and call it an emergency as political theater there
also took a shot at Greenpeace spreading misinformation about nitrates

(01:14:22):
along the lines of linking nitrates to drinking water and
drinking water to colon cancer. So Federated farmers are saying
New Zealanders should take their health advice from medical professionals,
not environmental activists with an anti farming agenda.

Speaker 2 (01:14:37):
Okay, now what about beef and lamb saying that the
government law to stop the wholesale conversions of farmland to
forestry doesn't go far enough. Where do you use it
on that.

Speaker 7 (01:14:46):
I'm almost I think I'm with Beef and Lamb on
this one because anecdotally anyhow, I mean, they're still carrying
on in their merry way. I mean, this is a
good step. The Climate Change Response Amendment Bill passed its
third reading in Parliament will be law. As I understand
in October, FEDS are not Feds. Beef and Lamb are
saying it just doesn't go far enough to slow the

(01:15:07):
rate of productive sheep and beef land being lost. One
of their real gripes is they're really disappointed that their
calls to extend the moratorium on whole farm conversions. This
is when you plant the whole farm out. They want
it extended to all classes of land, not just classes
one to five, because eighty nine percent of whole farm

(01:15:28):
conversions to date have occurred on land classes six to eight.
Land class six in particular, is highly productive and vital
to the sector. Now, Beef and Lamb are saying, we've
already lost three hundred thousand hectares of sheep and beef
farms to forestry since twenty seventeen. If we continue on
a current trajectory, we'll lose another six hundred and fifty

(01:15:50):
thousand hectares by twenty fifty. That's one million hectares, which
would equate to eighteen percent or an eighteen percent drop
in stock units. And they're quite rightly saying New Zealand's
ets settings are artificially distorting the market. It is the
empress new clothes, if you ask me, it's incentivizing this
wholesale conversion. We're the only country in the world apart

(01:16:11):
from Kazakhstan, to allow one hundred percent offsetting in its
carbon pricing. And Kate Acklin from Beef and Lamb did
qualify or quantify her comments by saying Beef and Lamb
is not anti forestry, but the surgeon and whole farm
conversions for carbon only forestries not being driven by timber demand.

Speaker 8 (01:16:31):
Which is pretty weak at the moment.

Speaker 7 (01:16:32):
It's the result of a carbon market skewed by poorly
designed policy, and on that I agree one hundred percent
with Kate Aklant.

Speaker 2 (01:16:41):
Thank you so much, Javi. As always, it's lovely to
talk to you. Jamie Mackay, host of the Country Listen
this morning. Of course, if you follow what goes on
with the FED, you will have seen that they did
what had been expected for weeks it was a twenty
five basis point rate.

Speaker 20 (01:16:51):
Cup.

Speaker 2 (01:16:52):
We're going to have a chat to Sam Dickey, Aficier
of Funds about that in about fifteen minutes six twenty one.

Speaker 1 (01:16:57):
Everything from SMEs to the big courts, the Business Hour
with Heather dup Cellen and Mass for Insurance Investments and
Huy Safer You're in good hands.

Speaker 2 (01:17:08):
News talks 'B whither if the Reserve Bank, the bankers
and the politicians got off their asses, they would have
seen how much commercial damage has been done out there.
I have to agree with you on that, Sigmon. I
just wonder if part of them, because look, some have
seen it. Jared Kerr has seen it. Jared Kerr has
been consistent in this all the way through. And I
think if you listen to news talks THAT'DB, you would
know that we have seen that there are some bad

(01:17:28):
stuff going on out there. And I just wonder if
these guys, perhaps in Wellington, are not spending enough time
in the real world. The old Wellington bubble problem again. Anyway, Look,
I got to talk about this. Our lack of humor
has claimed another ad. This time it's an ad by
the Department of Conservation and it's a promotional video showing
a woman sitting on her front porch shooting a possum
from a tree. The name of the video is Marjorie's Helping,

(01:17:52):
Are You? And it's part of their plan to get
us all to be involved in pest control and stuff.
And it is clearly intended to be funny. Right, So,
Marjorie's sitting there with a fur hat on and like
some sort of a fur coat in her pearls, and
she's got her it's very sort of you know, like
conquer the West from the US, do you know what

(01:18:13):
I mean? Like frontier type vibes. She's got her hat on,
she's got the rifle on her lap, she's sitting tea,
sipping some tea. Then she picks up a rifle and
shoots the possum out of the perherdicaa tree and the
possum falls to the ground. Well, the Dear Stalker's Association
didn't like this, did they Callum? The national president complained
about it. He raised concerns with Doc on Wednesday, and

(01:18:35):
it's all the video has been paused as a result
of he said to Doc. Well, it violates Doc's own
permit conditions. Violates the Firearm Safety in the Arms Act.
If it was the Deer Stalker's Association, we probably would
have got dragged across the coals for it. Anyone killing
possums on conservation land had to apply for trapping permits.
Did Marjorie apply for trapping permits? Probably not. You don't

(01:18:55):
just shoot the possums out. Just went on and on
on and on with the complaints from Callum shoot possums
out of trees. Rifle depicted was more powerful than it
needed to be. There was no safety backdrop. Honestly, Callum,
what's a Friday night with you? Like, when you pull
the trigger, you're responsible for where that bullet lands, and
in that scenario, that bullet could have landed anywhere. So yeah, Doc,
you know what, this is a lack of it. This

(01:19:17):
is a lack of humor. Marjorie's not real. No one
dresses like Marjorie anymore. No one sits on the porch
in your furs and your pearls, sipping your tea and
shooting possums out of the tree. It was meant to
be funny. So twenty six past six show bears. Oh yeah,
if you know that you're excited the lane Way lineup

(01:19:38):
came out today. It's one of the biggest days of
the year for the Kiwi music fans. The annual music
festival tours around Australia and then it comes down and
visits US at Western Springs and they bring massive artists
right with. Laneway also managed to get some of the
biggest up and coming ones and stuff before they get famous.
For example, Billie Eilish performed as a BTA act all
the way back in twenty nineteen and now look where

(01:19:58):
she's gone now. This year list of artists is being
touted as the best in Laneway's history. And if you
don't know any of these people, do not worry. Just
you know, run them by your kids. They'll tell you.
Who they are headlining is none other than the Midwestern
Princess herself, Chapel Rohne. Fans are predicting the show is
going to sell out with her name alone.

Speaker 17 (01:20:18):
A full ninety minute spectacle.

Speaker 13 (01:20:19):
I think that's that's huge, man, Like we usually get like,
what's seventy minutes, but ninety minutes and she's exclusive at Laneway.

Speaker 14 (01:20:27):
Oh man, this.

Speaker 2 (01:20:28):
Is going to sell out so incredibly quickly. Last year
the show got a bit of flat for being two
female centrics. So they've announced some artists. For the boys,
Young Lean is going to be performing a set with Bladey.
We don't know how to pronounce these things. They've also
got low fi indie rock Darling Alex g and then
for the Kiwi musicians, they've got Ringlets and Womb and Mocktron.
They're all going to put on a show. I know,

(01:20:49):
I know we're feeling old right now. I know tickets
are going to go on sale on Tuesday, So good luck.
Laneway is happening as you know, February fifth day before
White Tonguey Day, twenty twenty six. Sam Dicky with us next.

Speaker 3 (01:21:17):
If it's to do with money, it matters to you.

Speaker 1 (01:21:20):
The Business Hour with the header due for Cellen and
Maz for insurance investments and Chewie Saber and you're in
good hands.

Speaker 3 (01:21:28):
News talks'd be.

Speaker 2 (01:21:35):
But Indebrady is with us out of the UK. People
in the UK are not loving how thick Starmer is
laying it on with Donald Trump. So we'll just get
a bit of a vibe check with Inderwin. He's with
us shortly hither. I just left my grandma's house. She
is sitting there with a cup of tea and the
twenty two, waiting for the possum that nibbled the cabbage
last night. The possum is not going to go to waste.

(01:21:55):
It's going to be served with the rest of the
cabbage tomorrow night. I don't know if that is a
true story from Wayne, but I hope it is. Twenty
four away from seven now. This morning, the Fed delivered
what markets had been expecting for weeks. It was a
twenty five basis point rate cut. But the thing is
that the US medium term interest rates actually higher following
the cuts. So let's have a look at what's going
on here. Sam Dickey from Fisher Funds is with us ay, Sam,

(01:22:17):
good evening here. Why did the interest rates rise and
how did the other asset classes react.

Speaker 3 (01:22:23):
It does seem like a bit of a paradox.

Speaker 27 (01:22:25):
You cut your benchmark rate and market interest rates go up.
But like you said, this had been fully expected by
the market ever since the US job market started to
soften in earlier was so. In fact, at this time
yesterday the market was pricing a one hundred and five
percent chance of a rate cut today, which is a
silly number. What that really means is the market was
pricing a small chance of two rate cuts today, so

(01:22:47):
the market was a little disappointed. The old buy the rumor,
sell the fact. But on top of that, Palden commit
to aggressive easing. He said he would do a kind
of meeting by meeting approach, and in fact, the few
raised their full year growth forecast from one point six
to one point eight percent. So many in the market
were hoping, you just commit to a fairly aggressive easing

(01:23:09):
policy on the back of extremely weak jobs numbers, but
he didn't do that. Other asset classes were pretty muted.
US equities march higher, of course, upper touch. But the
big move was the dollar. So because interest rates are higher,
that means investing the US dollar and putting money in
the bank there is relatively more attractive. So the US
dollar went up and things like the KI dollar and

(01:23:30):
Aussie dollar fell very sharply on the back of it.

Speaker 2 (01:23:33):
Now, what do you think is the real story behind
the Fed's nine month paused before this?

Speaker 27 (01:23:38):
Yes, a lot of intrigue around this. So you have
to take your hat off to.

Speaker 5 (01:23:41):
Powe and co.

Speaker 27 (01:23:42):
For standing fast for nine months in the face of
President Trump. So President Trump has called him in recent
months he complete failure and a real dummy because he
should have cut rates some time ago, according to the administration.
And of course presidents want to pressure the FED to
ease rates rapidly because it stokes the economy and makes
the administration look good ahead of midterm elections next year.

(01:24:03):
But the Feed, on the other hand, has been concerned
about the inflationary impact of tariffs, especially now tariffs have saddled, settled,
and the rubber's going to meet the road there.

Speaker 2 (01:24:13):
What do you think this all means for investor Sam?

Speaker 27 (01:24:17):
I don't think Power is playing politics. I think he
is doing what he's supposed to do, which is as
maintainers independence, which I take my hat off to him.
Remember inflation that the rubber does meet the road on
inflation from here. So Home Depot, who we spoke to recently,
who have held pricing firm despite the fact they import
a lot of goods from around the world.

Speaker 3 (01:24:37):
They're subject to tariffs. They had a lot of low price.

Speaker 27 (01:24:41):
Inventory that the imported before the tariffs hit, but they
basically run out of that low priced inventory, and they
are strongly signaling that they will lift prices from here
so if we do start to see arise in inflation,
that might sort of tie the Fed's hands a wee bit.

Speaker 3 (01:24:57):
But if not, there's plenty more room to ease.

Speaker 2 (01:25:00):
Okay, Sam, Look, it's good to talk to you, as always.
To talk to you again very soon, Sam Dickey official
funds right now, it is twenty one away from seven. Ever,
d I've been meaning to mention this, but I completely forgot.
But you do need to know this. You know Jamie Beaton,
who's the education wunderkind. He apparently considered running for national
in the Auckland seat of Tarmaki. Apparently, according to Business

(01:25:20):
Desk have been reporting this. He thought about it, he
started some outreach work, like got quite far down down
the path of this, started raising funds for the party.
But as they were going through the selection progress his
name process, sorry, his name dropped off the list of
potential candidates. Had he run, he would have had a
reasonable shot at it, because I mean he would have

(01:25:44):
had a reasonable shot at being selected because he is incredible,
but then also at winning the seat because it is
actually a blue seat. It's only recently just last election
that act On that Brook Van Down than Velden won it.
For the first time. But he has obviously decided against it,
so that's the thing that's not going to happen. Frankly though,
given all of the businesses that he's running and how
well he is doing, and all the travel that he's doing,

(01:26:05):
I am surprised even thought about it. I don't know how
he would have the time. But yeah, got on him
for having a little bit of a think about it
now staying in politics. So it got a little bit
awkward at a mirroral debate in Wellington with a bit
of snatching going on. So the background to what happened
at this mayoral debate is that ray Chung has said

(01:26:26):
that he's broken away from a group called Better Wellington
because they've been getting a fair bit of negative press.
But there are doubts as to just how much he's
actually broken away from Better Wellington. He says he has,
people don't believe it. So they're at this debate and
he's busy speaking. By the way that the debate is
run by the local newspaper there, the Post. He's busy speaking.
While he's speaking, Andrew Little leans over the table takes

(01:26:50):
ray Chung's speech notes and points out that he thinks
that they are written by this group Better Wellington. Behind
the camera, what you can't see is Ray Chung's two
staffers trying to get his attention and signal to him
to stop speaking. And then at the point, after a
little while of Andrew Little having taken this away, Chunk's
campaign volunteer walks in front of the camera, intervenes, tries

(01:27:11):
to snatch the speech away from Andrew Little. She can't
get it away from him, so she throws her hands
up in frustration. And this is what it all sounded like.

Speaker 3 (01:27:20):
The raise come here with a speech drafted Peta Willington.

Speaker 1 (01:27:23):
If you've voted Andrew Little, you will, you will, you will,
You'll be saying continued rights rises.

Speaker 2 (01:27:31):
So anyway, it would appear that the crazy and Wellington
Local Body politics shows absolutely no sign whatsoever of abaiting
nineteen away from seven.

Speaker 3 (01:27:41):
Croating the numbers and getting the results.

Speaker 1 (01:27:43):
It's hither dule c allen with the Business Hour and
MAS for insurance investments and Kuie Saber you're in good hands,
news Tog said.

Speaker 2 (01:27:52):
Be Wayne has followed up the story. It appears is
not true because Grandma is not sitting there with a
cup of tea she's in fact sitting there with the
gin and waiting to shoot the possum. Actually, to be fair,
I mean that's entirely believable. If you've if you've been
anywhere where someone loves a gin and tonic and a
gun on a farm, and I'm thinking of somebody in
particular here. They do love to sit out there sometimes
just waiting for a pest, don't they, And then take

(01:28:14):
the pest out, carry on with life. Not a big deal.
But don't tell the Deer Stalkers Association anyway. Listen, if
you're beating yourself up because you're carrying a little bit
of weight, I have got some fantastic news for you.
There is a study out of Denmark that suggests you're
okay if you're carrying a bit of weight. What you
don't want to be is super skinny. Actually, if you're
super skinny, and this is according to the BMI's I'm

(01:28:37):
going to give you the BMS in a minute. If
you're super skinny, you are three times more likely to
die early than people who sit in the kind of
middle to upper end of the so called healthy range
of the BMIs. Now, before you write this office any
another study this is eighty five thousand adults, and the
Danes have done the study right, so we can believe
this one. So basically, this is the BMI that you've

(01:28:58):
got to care about. If you are one of those
ridiculous people. I don't even know how you exist in life,
but you have a BMI below eighteen point five, you
are in trouble. You need to get your you need
to get fat and get your BMI. Apps who about
twenty two point five to between twenty two point five
and twenty four point nine, because what happens is, basically

(01:29:20):
the researchers found there's a U shaped curve when they
PLoP the BMI against mortality. Those with the lowest BMIs
and then the highest BMIs sit at the top of
the U. They are the ones at greatest risk of death.
And they seem to think that you're actually at a
greater risk of death if you're super skinny than if
you're just kind of starting to edge up towards the fat.
Having some fat reserves, they say, can help the body
cope with illness. For example, patients who undergo cancer treatments

(01:29:43):
such as chemotherapy tend to lose weight due to factors
such as appetite loss and changes to taste. Those with
more fat reserves at the start can draw on them,
helping their bodies continue essential functions. In contrast, someone with
very little fat may run out of reserves, quickly limiting
their bodies of below to recover. Now, did we or
did we not always know this? Because if you look

(01:30:05):
back through history, what you'll find is all the people
who were celebrated with the fatties, won't they. I mean,
that's why Ruben, that's everything that Ruben was about. All
Reuben's paintings celebrate fat ladies. So basically the idea is,
stop celebrating being super skinny, get back to carrying a
little bit more fat because you might need it. You're
welcome thirteen away from seven, Heather, do for seel Let

(01:30:27):
me feel better about life right now? Into Brady UK
correspondence with us alo Enda.

Speaker 25 (01:30:32):
Hey, Heather, how are you?

Speaker 2 (01:30:33):
You'll have a BMIVE around nineteen, won't you?

Speaker 25 (01:30:36):
I actually don't know what it is. I know what
my VO two max is and that's the best measurement
of fitness. That's fifty eight. So I think I'm doing
okay there, But look I'm forty nine. I'm six foot
three and away eighty five kilos and I'm a happy man.

Speaker 2 (01:30:47):
What's a VO two max.

Speaker 25 (01:30:50):
It's the amount of oxygen. It's the maximum amount of
oxygen that your lungs can use in a minute while exercising.
And just as a guide, the guy who won the
Tour de France would maybe hit seventy nine eighty yep,
and I'm fifty eight. Soh anyway, let's see how many
marathon medals he has.

Speaker 2 (01:31:06):
Well, that's right, that's right. Ind you just be happy
with you now, Okay, what did you think of Milania's outfit?

Speaker 25 (01:31:12):
Do you know what I would love to meet this woman,
wouldn't I wouldn't mind interviewing her. Obviously that's probably never
gonna happen, but I'd love to just have a beer
with her or a glass of wine and chat. I
think she has seen everything, knows everything. She is one
of the most intriguing women in the world. The outfit. Yeah,
I hear arguments for and against, but I think it

(01:31:33):
has all gone swimmingly well so far. Today's the big test.
Why press conference? So if you notice President Trump has
not been exposed to any members of the press or
the public. Yet he's met nobody apart from soldiers and
the royal family. That's it. And I'm guessing servants at
Windsor Castle and some Americans in the American embassy. He

(01:31:55):
has not been exposed to the British press yet. So
today is a big, big day. There's bilateral meeting with
Keir Starmer at checkers out in Bookingham. Sure, so that
will all be about trade deals and whatever little crumbs
off the American blanket we can hoover up here. And
then there will be a news conference and that's when
it's going to get interesting.

Speaker 2 (01:32:15):
But this will be tightly controlled, won't it, In the
way that it often is with visiting dignitaries. You get
about three questions and that's about the extinct of it.

Speaker 25 (01:32:23):
I think they'll do their absolute best to control it.
I think they'll keep it super short, like they did
with the Putin press conference in Alaska after that meeting
with Trump. But you know, this is the UK press
that President Trump is going to be exposed to first,
and foremost people will be asking questions about Peter Mandelsson
and Jeffrey Epstein, and then I think if people wanted

(01:32:44):
to be really troublesome. Trump is very good friends with
Nigel Farage and he is running away with the polls
at the moment, and I think it would be really
awkward if someone were to ask him a question and say,
mister President, do you think your friend Nigel Faraj will
be Prime minister here in four years time? That could
get interesting because he clearly likes Forage. They get on,

(01:33:05):
there is a relationship, and Forage actually fancied being the
UK ambassador to the United States when Trump won, and
obviously that was never gonna happen. And now for Age's ambitions,
he's not going to be happy with being an ambassador.
He wants to be in number ten.

Speaker 4 (01:33:20):
Yeah.

Speaker 2 (01:33:20):
Interesting, Okay, how's the public feeling about how thick Stama
is laying it on.

Speaker 25 (01:33:27):
I think it's sticking a little bit for a lot
of people because it's just so much. You know, it's
the biggest state visit ever. We're told in living memory,
more music, more military, more soldiers, more aircraft, just more
and more and more. And it's like someone typed into
AI what would Trump like when he comes to England,
and that's what they've done. It's just like off the scale.

(01:33:49):
So I think the average person thinks that, you know,
perhaps it's a little bit too much, but I think
if you look at the relationship, look of where the
UK is right now, absolutely desperate for trade deals, no
growth in the economy whatsoever. Brexit has absolutely destroyed this
country and Britain is very much afloat on the edge

(01:34:10):
of Europe. France is on the brink of going bust,
the Germans have no growth whatsoever. Starmer's doing his absolute
best and I think this was the UK's trump card,
no pun intended. Okay.

Speaker 2 (01:34:20):
Now on the recognition of the Palestinian state that's happening
this weekend is it as.

Speaker 25 (01:34:25):
Soon as Trump leaves, So that's not happening today. It's
being very carefully core choreographed this weekend time wise, So
there's the UN General Assembly next week and as soon
as the Trumps are out of town tomorrow tonight, and
then there will be work on this tomorrow expecting announcement
Saturday afternoon. Kirs Starmer is going to recognize Palestinian statehood

(01:34:48):
and this is huge next week so you will have Britain, France,
Canada and Australia all heading to the UN General Assembly
and recognizing Palestinian statehood. This has never happened before in
the UK. I think there's such feeling on the streets
now that Israel has just done so much damage and
killed so many people in Gaza, and yes, the hostages
have to come home, but the scale of the response

(01:35:11):
has just been so disproportionate that people will back this.

Speaker 2 (01:35:14):
Yeah, Enda, thank you so much. Appreciate your time, mate,
look after you. Stuff that's into Brady, our UK correspondent.
By the way, Kate oh got I forget what I'm
supposed to call her Catherine. Catherine was wearing as in
Kate Middleton was wearing a New Zealand designer. Again this
is one of her favorites, actually, Amelia Wicksteed. She was

(01:35:35):
wearing a coat by Amelia. So it's a burgundy coat,
familiar shape for Royal watches, because of course people know
that she loves to wear Emilia's stuff and Amelia stuff
looks like Amelia stuff, so you'll have known it immediately.
It's a woolcoat featuring a double breasted silhouette with buttons
across the front and a tapered waistline. So very good
day for Amelia because the minute Kate wears anything because

(01:35:56):
she looks stunning. She'll have a BMI under nineteen obviously,
so she's in the danger zone of being too skinny.
But she looks stunning in her outfits, and I imagine
that everything sells. Eight away from seven.

Speaker 1 (01:36:07):
It's the heather too for See Allan Drive Full Show
podcast on iHeartRadio powered by Newstalk ZEBBI.

Speaker 2 (01:36:16):
Listen before I go, I have to give you something
that that's a little bit optimistic. I've had an emails
five away from seven. By the way, I've had an
email from Graham, and Graham says, don't worry about the economy.
He reckons month by month, thinks are better in his
business than they were a year ago. The financial year
today starting April has basically gone like this for him.
April very similar to April twenty twenty four. May an

(01:36:37):
improvement on May twenty twenty four, June big improvement on
June twenty twenty four. July crashed and was horrible. It
was the school holidays. August improvement on August twenty twenty four,
and this September so far very busy and well ahead
of September twenty twenty four. So from what I can see,
says Graham, and we sell product anywhere from six hundred
dollars to ten thousand dollars. Buyers a back in the market.

(01:36:58):
NEWCAS sales will be also good for real estate is
picking up where we live in Remy, where it properties
are selling above CV for the first time, lots of
bidders in the nine hundred k to two million dollar range.
So there we go. We've been through the worst of it.
It is on the improvement and hopefully what we saw
today doesn't knock our confidence too much.

Speaker 9 (01:37:15):
Libby I've got a bit of Jade for us today,
who is a previous member of the girl band Little Mix,
and she released an album last week, and the song
I've Got for Us is a song off that album
that's done really well even though it's not a single,
and people are loving it because it samples a Supreme's
song Stop in the Name of Love, and Jade has

(01:37:36):
kind of admitted that she is getting absolutely no royalties
at all from the song because it has the Supremes
track in it, so.

Speaker 2 (01:37:43):
The Supremes get all the royalties.

Speaker 9 (01:37:44):
They get all of the royalties, and that's the only
reason that she could get their sample. So she's Wow accepted.

Speaker 2 (01:37:49):
And so were people liking it because they're like the tune,
or they're liking it because she's a good bird giving
the royalties to the people she sampled.

Speaker 9 (01:37:55):
Maybe a mix of both. I think people are liking
it for the sample and they're kind of like, how
did you get your hands on that? And she's gone
where I'm getting absolutely nothing for it.

Speaker 2 (01:38:02):
K Okay, let's have a listen. I appreciate that. All right,
We'll see you tomorrow. Fry Yay enjoyed the song.

Speaker 1 (01:38:53):
For more from Hither Duplassy Alan Drive, listen live to
news talks it'd be from four pm weekdays, or follow
the pod cast on iHeartRadio.

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