Full Show Podcast: 09 October 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Pressing the newsmakers to get the real story.

Speaker 2 (00:05):
It's Heather dupless Ellen Drive with One New Zealand to
coverage like no one else.

Speaker 1 (00:10):
News Talks Evy.

Speaker 3 (00:13):
Afternoon. Welcome to the show. Coming up today, We're going
to get an expert opinion on whether we should be
getting a little optimistic about peace between Hamas and Israel.
Former Maori Party leader to Uudor Flavel on that drama
today and everyone's favorite ag economist Jacqueline Roweth on the
Nesley News.

Speaker 1 (00:29):
Heather Duplessy Ellen, Well, it's happened again.

Speaker 3 (00:31):
Unfortunately, the Maori Party has hijacked Parliament once again with
a hukker. It played out like this or any kaiper
who's their new MP, who's replacing the late Tash Takatai
Takatai tash KEMP delivered her maiden speech because today's her
first day in Parliament obviously, and afterwards there was a
song and the public gallery was involved, and she stepped
out of her seat into the aisle onto the floor

(00:52):
to receive the song. As soon as the song ended,
someone and it sounded like it was somebody up in
the public gallery, started to hucker. He started to hucker back.
I think from news reports that I've read that one
of the other MP's hand AFTERTI might be cluck also
started to hucker. Jerry Brownlee, the speaker said on no,
not that, and he said that was not the agreement
that had been struck. But they didn't stop. They basically

(01:15):
ignored him. He got to his feet, at which point
the house is usually supposed to stop everything it's doing
and go quiet to allow him to speak. They just
completely ignored him. He threw his hands in the air.
He then suspended the house, walked off and the camera
feed cut. He's comeback subsequently, very unhappy about it, and
I'm going to bring you up to speed and all
of that now. The thing is, though, before you get

(01:35):
angry about it, don't bother wasting energy on being angry
at the Maori Party for doing this, because that's a
kin to wasting energy on getting angry at an alcoholic
for getting drunk if you put beer in front of them,
or getting angry at a toddler for packing a tantrum
if they're tired. This is what the Maori Party does, right.
This is the stuff that they thrive on. They thrive
on performance. They thrive on sticking the middle finger to authority.

(01:56):
It's basically what they would call their co poppa. I'm
just surprised that Jerry brownly got hoodwinked so easily into
making an agreement with them and thinking this wouldn't happen,
or maybe he didn't, or maybe someone in Parliament didn't
get hoodwinked, because it looks like someone was prepared for this.
As soon as that haucker started, the Cameron never cut
back to the Maori Party or the Gallery. It stayed

(02:17):
on Jerry and as soon as he suspended Parliament, the
feed cut. Now what that means is you never really
see the Maori Party doing the hucker or anyone doing
the hkker. You can just kn't of hear it in
the background, but you can't see it. That basically robs
the Maori Party of the ability to do what they
did previously. Strip the crisp professional parliamentary tvfe'ed, put it
on their social media and hope the thing goes viral.

(02:39):
It's not going to happen this time because that footage
is not there for them now. It is not ideal. Obviously,
having Parliament's rules broken like this for obvious reasons, but
it is not unexpected. So I think given all things,
the best outcome may be the one that was achieved today,
which is just a blackout together do for ce Allen

(03:02):
nineteen is the text number standardext fees apply, let me
know what you thinking. I'm going to play you the
audio and just a tech. The Drug Foundation is calling
for all drugs in the country country to be decriminalized.
It's released a report this morning into fifty years of
our drug laws and deduced they don't work. Meth and
cocaine use has doubled in the last twelve to eighteen
months and there were around three fatal overdoses happening every

(03:23):
week last year. Fiona Hutton is Associate professor at Victoria
University's Institute of Criminology and It's investor. Now, hey, Fiona,
do you support decriminalization.

Speaker 4 (03:35):
I do, Yes, I do support decriminalization. Why well, I think,
as the Drug Foundation laid out in their report, what
we're doing right now is not working at all. It's
not achieved its aims our Misuse of Drugs Act, and
we really need to do something different because what we're

(03:57):
doing is actually causing harm instead of stopping harm or
reducing harm.

Speaker 3 (04:04):
Causing harm, Well.

Speaker 4 (04:07):
It's causing harm because, as noted in the report, things
like drug overdoses of rising addiction hasn't really been properly addressed.
Things like methanphetamine use are causing real harm in our communities.
And you know, people are being criminalized and so on

(04:27):
for minor offenses like cannabis possession, which you know stays
with them for the rest of their lives. So there's
a number of harms from prohibition and drug policy like
our Misuse of Drugs Act, and this you know, sort
of evidence based report really says, look, we need to
do something different, and I agree. I think decriminalization would

(04:51):
be a good first.

Speaker 3 (04:52):
As British Columbia and Canada and Oregon in the States
both tried to decriminalize in the hope that it would
turn around exactly what you've just talked to out. For example,
let's just say o overdose dates. What they found is
it actually went up.

Speaker 4 (05:06):
Well, I think those are really complex problems that they
have in those two jurisdictions, and a lot of the
problems are not necessarily to do with the fact that
drugs were decriminalized. It's to do with the problems that
are associated with drug addiction, things like homelessness, mental health,

(05:29):
structural factors.

Speaker 3 (05:31):
Have the same problems here, which so we would have
the same outcome.

Speaker 4 (05:36):
Well, no, I don't think so, because you're looking at
different sorts of drug issues in that context, and you're
looking at the problem on a much larger scale. And
don't forget that the problems in Canada and Oregon that
you're talking about, they were decades in the making and
decriminalization was just one of the tools to try and

(06:00):
help solve those problems. And the overdose problem, you know,
it wasn't linked to decriminalization, that's not why, you know,
to mean, there was all sorts of stuff around the
drug supply excuse me, sorry, and so on, and the
actual you know, the scale of the problem and so on.

(06:23):
So we haven't got that scale of problem here. So
we need to act before we do, you know. And yes,
we have similar problems. You know, mental health and addiction
are often linked and so on, So we need to act,
We need to do something, We need to do something different.
We need to make sure that we address these problems

(06:44):
before they get any worse. And I think as well,
an important point that the report makes, which I think
may speak to the issues that you just raised in
other jurisdictions. It's not just decriminalization that's going to make
a difference. Has to be you know, investment funding in
things like health, treatment and other things to address these

(07:08):
kind of structural issues. And we've had you know, decades
of underfunding in things like health and treatment services and
so on, which you know, we're sort of recognizing with
the Mental Health and Addiction Minister Matt Doucy and the
work that him and his colleagues are doing and so on.

(07:28):
So I think, you know, we need to make you know,
so decriminalization is not the pantasy for everything. It's not
the silver bullet. It goes much wider than that, and
we need to We've left it too long already, right, right,
so we need to make sure these problems I really
have to get going.

Speaker 3 (07:46):
It's been drama in the house. Fiona hasn't Associate professor
at Victoria University Institute of Criminology, Right, thank you very
much for that. You go, here's the hacker in the house.

Speaker 5 (07:57):
Not that the guarantee was that would not be taking place.

Speaker 6 (08:17):
Who's suspended.

Speaker 7 (08:20):
At this point.

Speaker 3 (08:20):
Jerry's stormed off and the camera is cut right, camera's cut,
but you can still hear it going on in the background.
Floor to Barvo, I mean no, not that what I mean?
Oh Jerry, Oh Jerry. Anyway, Barry Sober was hoting and
holler and when he was watching this live. So he's
going to be with us in about half an hour's time.
Give us his thought on it, and Jerry's rolling the

(08:43):
sixteen past four.

Speaker 2 (08:45):
It's the Heather topersy Allen Drive Full Show podcast on
iHeartRadio powered by News Talk zeb.

Speaker 3 (08:53):
Hither I guess there order any kipit is starting a
parliamentary career with a twenty one day suspension. Then I
guess you didn't have her phone ready for that one. Well,
that's off it. It's got to be a possibility, doesn't it.
Eighteen past four.

Speaker 2 (09:03):
Sport with tab Bed Live with Play eighteen Responsibly.

Speaker 3 (09:07):
Darcy water Grave sports talk hosters with us. Hello, Darcy
get a man. Did you find the thing that you're
looking for on your phone right now?

Speaker 8 (09:14):
Another Ruckers in Parliament.

Speaker 4 (09:16):
Yeah, it's nice to see.

Speaker 3 (09:18):
Are you looking for your betting as I was looking
for it?

Speaker 8 (09:21):
Because of course the rat bet responsibly if you're going
to have a bit of a flourish. I watched the
Breakers finally win last night.

Speaker 3 (09:29):
Were you excited?

Speaker 8 (09:30):
Very excited? It wasn't just the fact that they won,
It was the manner in which they won. That's what
got me about it. They've been pretty rotten all season.
They were our and four going into that, Oh what
are you going to do? But they had like a
heart to heart man man and talked about what they
got wrong and what they got right, and they actually

(09:53):
got it incredibly right last night against the reigning championships.
I'm y champions are the Elaworra Hawks, so they've they've
they've lifted things up dramatically. So there was a home game.
It was absolutely packed there. Well it looked like the
TV cameras anyway, and some of our superstars really stood up,

(10:14):
and to me, it looked like it might be a
team that's finally starting to realize its potential. Because you
remember they won the preseason blitz tournament, so they've got
a lot of talent and I think a lot of
them are quite confused around what they were doing wrong.
So it was really coaching specific. But then a lot
of their superstars did turn it up. So I just

(10:37):
wanted to talk about that because I'm trying to find
out what it costs to actually back them to win
the whole season, because I'm so enthusiastic.

Speaker 3 (10:47):
Do you want do you want the German to see
if she can find out?

Speaker 9 (10:49):
Wow?

Speaker 8 (10:49):
Like I can't find it. She gambles, but I've got
I've got something else to play with, and I like
very very much because you know I'm a big fan.
It's what happens this weekend is a huge weekend of motorsport,
huge weeking favorite, and that's brought Phoenie three dollars thirty
Brady Sticky when last year is at four to seventy five.
But I think I like this option. It's seven dollars.

(11:13):
It's Matt Pain who's been tremendous all throughout the year
with Garth Tander who's got a great record there and
that's his co driver. So it's seven dollars. I think
that represents reasonably good coin.

Speaker 3 (11:27):
How do you rate the chances of the White Ferns
winning tomorrow?

Speaker 8 (11:33):
It's funny. I'm going to be talking to Craig McMillan
about that in the show tonight, about what aren't you've
got to rate them reasonably highly because you've got to
think that Susie Bates is not going to get a
third consecutive duck. She went through a stage of how
many internationals fifty maybe without scoring a duck. Sudden she
gets killing the bounce because Saviet Devine's looking like a
woman possessed Meeika has got it all. There are some

(11:55):
of the younger players coming through too. Now they've got
their backs to the wall. Now the pressure's on. I'd
suggest if they lose another one, because they've still got
England to play, might just be curtains. So do we
see diamonds out of this pressure or just get squashed plan?
I just don't know.

Speaker 3 (12:12):
What I do know is that I.

Speaker 8 (12:13):
Can only last you about midnight and I collapse.

Speaker 3 (12:15):
Because yeah, because you're old. Darcy Wargrave, thank you Sports
talk host you. We're back at seven this evening to
talk about the white ferns. Four twenty two.

Speaker 2 (12:24):
The day's newspeakers talked to Heather First, Heather Duplicy Ellen
Drive with one New Zealand and the power of Satellite
Mobile New Saw say.

Speaker 3 (12:34):
Yeah, the drugs are so addictive that if we didn't
have laws. Can you imagine how bad it would be? Then,
the perceived loss on the war on drugs has probably
been a win for a lot of lives.

Speaker 10 (12:42):
Paul.

Speaker 3 (12:42):
Actually, that's a fair point. We're going to talk about
it later in the program, deal with it again at
five o'clock because I don't have it. I don't have
a chance right now to give you my opinion on it,
because we're dealing with the Maori party. So after that,
Hukker Jerry was back. It was about twenty five minutes later,
and he was he was pretty cross.

Speaker 5 (12:57):
I suspended the house because of a disruption in the
gallery outside of an agreed process that the Business Committee
had authorized.

Speaker 3 (13:09):
Now he says he's going to try and find out
whether this whole thing was orchestrated and planned.

Speaker 5 (13:13):
And when we have people coming into the house who
decide they are not going to abide by their agreements,
then they put themselves in a contemptuous position. The behavior
in the gallery was contemptuous and as my intention over
the next couple of days to find out whether or
not that was by agreement with any party inside this house.

Speaker 3 (13:36):
And then he makes a point which I think is fair,
which is that the rules in Parliament should be respected
in the same way that you respect the rules when
you go to Amari.

Speaker 5 (13:43):
Because people go on to Mariah all over the country
and respect the protocols. We have a protocol here. It
is our teacuner that Tea conger is based, as I
said before, on agreement and for people to decide not
going to participate in that process, then they put themselves

(14:05):
very firmly in contempt of parliament.

Speaker 3 (14:07):
Yeah. Now it's not all over for the Maori Party.
They're doing their big reset which I think is underway
and it's been going for the last twenty five minutes
or so. So we're going to let you know what
they say a SAP for twenty six. Ever, the Nestle news,
so the Neslay news is more bad news for net zero.
I think Nesslay has just pulled out of the Dairy
Methane Action Alliance. Now they are pretending that this is

(14:29):
not a big deal. They reckon the eye. They just
regularly review their memberships of external organizations and they've decided
to quit this one. But no one's going to believe
that because they will know the optics of pulling out
of the Dairy Methane Action alliance are really bad, So
you only do that if you're absolutely up, you know,
seriously pulling out of the thing. It's big on two fronts.
I think number one that this is Nessley, the company

(14:52):
that you know, if you say, oh, well if we
don't do our thing for the climate in New Zealand,
which is the company that's not going to buy our stuff,
and everybody goes, oh, Nesslay because they really care about
the climate. Well, how much do they actually care about
the climate if they're pulling out of this thing. Also,
this is another climate alliance that's collapsing, because remember the
Net zero banking Alliance basically voted itself out of existence
this week anyway, does look actors put out a press

(15:13):
release already said Paris is in trouble. I think Paris
is in trouble, and I think this is just a
line of a series of a lot of dots that
lead us to Paris is in trouble. Jacqueline Rawth will
bear us after half past five and give us her
take on it. News is next.

Speaker 2 (15:38):
The name you trust to get the answers you need.
It's Heather Duplicyl and Drive with one New Zealand coverage
like no one else us talk.

Speaker 1 (15:47):
They'd be.

Speaker 6 (15:53):
All right.

Speaker 3 (15:54):
The government's opened the books, will treasuries open? The book's
got the financial statements for the year to June. I'm
going to run you through those numbers shortly. It's not flash.
It never really is. At the moment. Also, we are
going to talk about Gaza and about the fact that
we might actually be getting a little optimistic. Mightn't we
about at least the first stage of the peace steel.
So we'll talk about that after five o'clock. Murray Olds
are standing by to have a chat about that. Two

(16:15):
it's twenty four away from five.

Speaker 2 (16:17):
It's the world wires on news talks. They'd be drive.

Speaker 3 (16:21):
So as I say, a peace steel has been reached
for Gaza, Trump was passed a note in front of
media earlier today.

Speaker 11 (16:30):
Yeah, I was just given a note by the Secretary
of State saying that we're very close to a deal
in the Middle East and they're going to need me
pretty quickly.

Speaker 1 (16:39):
So I would take a couple of more equations.

Speaker 3 (16:41):
And now the peace agreement has now been confirmed by
both Israel and Humas. Trump's called it a great day
for the world.

Speaker 11 (16:47):
The whole world came together to be honest, so many
countries that you wouldn't have even thought of it.

Speaker 12 (16:52):
They came together.

Speaker 1 (16:53):
The world has come together around this deal.

Speaker 3 (16:55):
He also says it's about more than just Gaza.

Speaker 13 (16:57):
You know, many years they talked about peace in the
Middle East. This is more than Gaza.

Speaker 1 (17:01):
This is peace in the Middle.

Speaker 13 (17:02):
East, and it's an incredible thing.

Speaker 3 (17:05):
Many are urging all parties to respect the deal's terms,
and Trump's expected to head to Egypt, where the mediation
has been taking a place. And finally, thank the Good Lord,
you can relax about Dolly, her sister. Remember how she
asked fans yesterday to pray for Dolly's health And the
first thing we thought, well that's it, Dolly's dying. Well,

(17:25):
Dolly's confirmed she ain't dead yet.

Speaker 7 (17:28):
Well check to you.

Speaker 3 (17:29):
I'm working hard here.

Speaker 4 (17:31):
And I'm not ready to die yet. I don't think
God is through with me, and I ain't done working.

Speaker 2 (17:38):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business Murray.

Speaker 3 (17:44):
Old's Australia correspondence with US. Now, how mus good afternoon, Heather,
Your federal government's welcome this Gaza piece.

Speaker 14 (17:51):
Still yeah, absolutely, Penny Wong the Foreign Minister, along with
Anthony Albanezi is the Prime Minister. They've put out a
joint statement coming of course, this announcement from Donald Trump
that Israel and Hamas have signed off. It's the first phase, right,
it's the first phase of a Gaza peace deal, and
there's a lot of stuff to happen before it's a

(18:11):
done deal. Let's get the hostages out. For example, is
Israel going to pull out a Gaza. You can't see that,
can you. You can't see Netanyahu walking away from that.
But all that's to come, Suffice to say for now,
here's some quotes from Penny Wong and from Anthony Albanizi.
After two years of conflict, hostage is held in a
devastating loss of Sabidian life, a much needed step forward

(18:33):
towards peace. Australia goes on to wordial parties to respect
the terms of the plan. We thank President Trump for
his diplomatic efforts and acknowledge the important role of Egypt,
Kata and Turkya in delivering this agreement along road to recover,
he says Albanzi in Gaza, You've got to secure a
long term peace, build a Palestinian state, as well because

(18:55):
Australia committed to us a two state solution. Australia, you recall,
recognized Palestinian state when Albanezy went to the United Nations
only a couple of weeks back. So yes, it's a
very positive step, the best step we've seen in what
over two years now. Dreadful horror, dreadful images every night
on Telly, So let's fingers cross the other fingers crossed,

(19:17):
listen on the subject.

Speaker 3 (19:18):
Has the Court of Appeal just banned that pro Palestine protest.

Speaker 14 (19:22):
Baned it from going to the Sydney Opera House. There's
going to be a protest on Sunday. It's going to
start in Hyde Park in the center of town. But
instead of tracking down to the Harbor to the Sydney
Opera House, it's going, according to the organizer, it's going
to track back to Central Railway Station. Now police is
still going to be down at the Opera House. The
police went to the Court of Appeal because this is

(19:44):
the procedure you have to have here the police. The
protests lodge an application to stage a protest march that
is looked at by police, they'll sign off on it.
In this case they said no, too dangerous to public safety.
Went to the Court of Appeal, which is the highest
court in New South Wales, and the Court of Appeal
couldn't be stronger. Heather a disaster waiting to happen and

(20:06):
extreme risk to public safety. You've got maybe forty to
fifty sixty thousand people descending on the Opera House on Sunday.
Sunday is a day out in Sydney. You've got ticketed
events at the Opera House. You've got the Opera Bar there,
lovely drinks and lunch in the afternoon sun So police
are still going to be on duty down there at
the Opera House. You've got three ways in down mcquarie

(20:27):
Street from Parliament, from Circular Key with the ferries come in,
or through the Botanic Gardens from Missus mcquarie's chair. The
police don't bother coming down here because you'll be busted.
And the Court of Appeal says if you go down there,
you're going to be in contempt of court. We'll see
you in court of that's what you want to do.

Speaker 3 (20:45):
Must have someone else been shot dead in daylight?

Speaker 1 (20:47):
Have they? This is ridiculous.

Speaker 14 (20:48):
This is another one of these shootings. You know it's
basically guns for hire via apps on phones and for
as little as ten thousand dollars. We understand from police
people are being shot dead in broad daylight on Sydney streets.
Now you're not targeting mum and dad just walking home
from Col's or Woolworth's, right, these are people with known

(21:11):
contacts in the Sydney underworld. So last night, I mean, look,
forty eight hours ago, just I mean, it was ridiculous.
It's like a scene out of a movie. Police pulled
over cars in busy peak hour traffic, shot him up
full of holes, bang bang bang, dragged three people out
and they've been arrested. So twenty four hours on, which
is yesterday afternoon, there's a guy just mining his own business.

(21:34):
He's out for a walk in Rivers in Northwest Sydney
and he's shot dead. He dies at the scene, notwithstanding
the fact that you had paramedics there in no time.
He survived an attempt in his life back in February,
So this guy knew there was a target on his back.
So it's look, it's buddy, Hell has guns for hire, mate,
and it's for control of the underworld. You've got the

(21:55):
drug trade obviously that's going on. You've also got illegal
to back so this is also providing a flashpoint and
it's a mess and police are to make the best
to get on topic.

Speaker 3 (22:06):
This really is I muz, thank you, look after yourself.
Murray Old's Australia correspondent coming up eighteen away from five.

Speaker 1 (22:12):
Ever due for see Allen.

Speaker 3 (22:13):
I don't know how the Maori Party feels about its
big reset, but what I can tell you now that
on the Facebook live stream they have about ninety people watching.
That's nine zero nine beati. What about on the Insta though,
because I mean a lot of you know Facebook is
Facebook's dead, Facebook's for old people. No one uses Facebook anymore.
I don't know why you are. Do you want to

(22:36):
go on the insta and count how many people are
on there? Yes, she's going to do that. So this
is what we're about, accuracy, fairness and balance, aren't we
That's what everybody says about us. Anyway, Listen, I've got
to talk about the government books because this is not
great and I think I think if you've been following it,
you're not going to be impressed with.

Speaker 12 (22:54):
This at all.

Speaker 3 (22:55):
So what's happening is our debt is going up, and
it's going up and going up and going up, and
it's gone up in the last So this is according
to the financial statements for the year to June release
by Treasury today. Debt was last year one hundred and
seventy five billion dollars or thereabouts. It is now one
hundred and eighty two billion dollars and thereabouts. So what
that means is, not only do we have more debt,

(23:15):
but we also have to pay back more, don't we
because that interest bill is going up every time the
debt goes up. Revenue was up, well, let's say it's
one hundred and seventy billion dollars slightly higher than last year.
So that's good, mainly though, because of GST going up,
because of we're not going up, but because a greater
take of GST because you've been paying more than your

(23:36):
electricity bills. So that's really cool, isn't it. Expenses Government
expenses have gone up too. They are now at one
hundred and eighty three and a half billion dollars. Now
you will notice for the eagle eyed, the eagle eye
will have spotted the problem right there. Expenses one hundred
let's round it down one hundred and eighty three billion
dollars revenue one hundred and seventy billion dollars. That's right,
that's your deficit right there. That's a little bit of
a problem, isn't it. When you're paying more than you're

(23:58):
bringing in, that's our structural defath. It an action right there.
That's the country's problem, is that every single year we
pay more than we bring in. And it's bigger this
year than last year, because last year it was eight
point eight billion dollars and now it's nine point three
billion dollars. Now, I don't think I need to say
the obvious thing to you, which is that this government
can blame the last government all it likes. But if
you are racking up the thing more and more, if

(24:20):
your debt is going up every end, if your structural
deficit is increasing every year, that's on you. Jeez, Barry
sober so keen, he's already in the studio. He's with
us next sixteen away from.

Speaker 2 (24:28):
Five politics with centric credit, check your customers and get
payments thirty listen.

Speaker 3 (24:34):
They're not broadcasting this thing on Instagram, so it's just
just ninety people on Facebook Live. And also we have
to talk about the Tom Phillips update today. Right now,
it's thirteen away from five. Barry Sober, Senior political correspondence
with US Barry, good afternoon, Heather. Did you make of
what happened in parliament?

Speaker 9 (24:48):
Well before that, ro We wide to Tea on the
Facebook feed, I think it is announcing their review of
the partying is well recent, Sorry of the party. I
think it was recent parliament this afternoon actually, but he said,
and I quote, since they've been in parliament, they've encountered
the vilest humans to ever walk the Spenawa. So that's

(25:10):
the flavor of the of the reset of the Maldi party.
But look, there was bedlam in parliament again today and
no doubt about it. The former broadcast Renny Kuiper. She
was giving her maiden speech, or about two more than
half of it was in Maldi. It went on for
more than twenty minutes, when the rules specifically say that

(25:30):
a maiden speech should be no more than fifteen minutes.
So the bell was ringing for five minutes, last five
minutes of his speech. And I've got to say after it,
she came to the floor when they were burst into
a waiata in the public galleries, and that was by
permission of the Speaker. Clearly she came to the barefooted,

(25:52):
to the center of the debating chamber and sort of
led the waiata and at the end of it, and
you can see it quite clearly, she went into huck
A mode. So even though they may have had an agreement,
the party knew full well.

Speaker 3 (26:08):
I think it was orchestrated.

Speaker 9 (26:10):
I've totally orchestrated. And you only have to look at
the video to see that. Here's the end of the
way art and the Speaker's response to it.

Speaker 5 (26:24):
No, not that the guarantee was that would not be
taking place.

Speaker 6 (26:44):
Who is suspended?

Speaker 11 (26:47):
Nobody took any notice at all. Disrespectful, Oh, totally disrespectful.
I've never seen anything like it in Parliament. Honestly in
more than forty years. The House, as you say, was
suspended for more than half now. When it resumed, the
Speaker talked about that agreement.

Speaker 5 (27:03):
No one member is more or less elected than anyone else,
and the time that the House allocates for anyone to
speak in here is by agreement. And when we have
people coming into the House who decide they are not
going to abide by their agreements, then they put themselves
in a contemptuous position. The behavior in the gallery was

(27:24):
contemptuous and as my intention over the next couple of
days to find out whether or not that was by
agreement with any party inside this house, because people go
on to Mariah all over the country and respect the protocols.
We have a protocol here. It is our Tea Kner
that Tea Cager is based, as I said before, on agreement.

Speaker 3 (27:44):
It's true, though, how do you rate his chances though,
that they're going to actually face up to him a
year we all chestrated.

Speaker 9 (27:49):
Well, no, you only have to look at the videos
I've done several times now to see that Ireny Carpara
kuiper knew exactly what was expected following the waiata because
she went into hukka mode and if they look at
that closely enough was orchestrated from the floor of the house.

Speaker 3 (28:08):
What's hukka mode, Well, it's you know, she's pulling the pookanna, pulling.

Speaker 9 (28:13):
The pookanna and waving her arms like the hakka, so
she will certainly doing it. So here's what the new
mp Copra had to say.

Speaker 15 (28:23):
Great things everyone, I'm not going to stand here and
tell you about the impacts of colonization on far No
hapu Ewie and even on me. That story is well documented.
One only has to turn to the handsard to see
and plain black and white how this government and past
governments have perceived our people. Instead, I will speak of resilience,

(28:46):
the resilience of Mari, the resilience that has carried us
through generations of struggle and survivals. We are the culmination
of dreams, of purpose, of hard work and intention. We
are here by design. I've broken barriers, but now I
choose to break cycles. I've covered stories and now I

(29:08):
choose to change them.

Speaker 9 (29:10):
Yeah, well, there you go.

Speaker 3 (29:11):
Okay, listen. The Michael Forbes investigation has stated the bleedingly obvious,
hasn't it that the Prime Minister's office should have been told?

Speaker 9 (29:18):
Well, just to refresh your listener's memory, Michael Forbes was
the press secretary in Chris Luckson's offers who was essentially
recording videos of sex workers in Wellington, and the police
had investigated it. They decided not to charge Michael Forbes,
so it was kept within the police precincts and the

(29:40):
office of the Prime Minister wasn't alerted. Now the Department
of Internal Affairs. They've done an investigation into it. They
say that there should be no surprises, and that's absolutely right.
I mean, you can't have a press secretary even if
the police decide not to charge.

Speaker 3 (29:55):
Well, why, I mean there already is no surprise as
ll well, really that there should be no surprises rule,
it's that Andy Andy no warrant, cops, No, Andy did
know well, no, but it.

Speaker 9 (30:06):
Wasn't Andy that was running. Basically, Richard Chambers came into
the job of November last year. So wasn't that this year?
Was it last year?

Speaker 16 (30:13):
Well?

Speaker 3 (30:14):
I think Andy was in charge when the hookers took
Michael's phone overnight or how over long Andy was in charge. Anyway,
the cops should have told the Prime Minister's.

Speaker 9 (30:24):
Absolutely, and I'd want to know if I was the
Prime Minister and somebody in my office was filming hookers,
I'd say, look, I have to know this.

Speaker 3 (30:33):
Lord, honestly, Barry, thanks very much, appreciate it, Barry. So
for senior political correspondent, it's coming up seven away from five.

Speaker 2 (30:40):
Hard Talk, Bold takes big stories. It's the Mic Hosking Breakfast.

Speaker 17 (30:44):
Oh cash right down two point five Chris smaller's ABC
Business Sales CEO. Does the world seem like a different place?

Speaker 18 (30:50):
Do you?

Speaker 12 (30:50):
Definitely? The benefit is important, but the more important thing
is the consumer. He's going to be more so it's
the mental left that it gives a business owner.

Speaker 17 (30:57):
Nikola Willis the Finance Minister. The claim I think it
was from Laby THEBS doing the work for you, fair
or not?

Speaker 3 (31:02):
No, the RBNZ is doing its job.

Speaker 17 (31:05):
Do you think inflation will breach three? And if it does,
do you worry?

Speaker 19 (31:07):
That is what some of the forecasters are telling us.

Speaker 3 (31:10):
That would be temporary, a little blo.

Speaker 4 (31:12):
It's okay.

Speaker 3 (31:12):
What's not okay is.

Speaker 4 (31:14):
Three years out of target as it was under the
last government.

Speaker 17 (31:18):
Back tomorrow at six am, the Mic Hosking Breakfast with
Maybe's real Estate News Talk said, b.

Speaker 3 (31:23):
Okay, just an update on this big Maori party reset.
Debing Aiwa Packer has just taken over and has something
to say.

Speaker 20 (31:30):
We've been tested in ways we've never been tested before
as a movement, and we own that we have listened carefully.
Our people want direction, discipline and delivery, so we're tightening
the lastings, clarifying roles, front footing, communication and you'll see

(31:53):
it and you'll feel it.

Speaker 3 (31:56):
To order or flavel whatever that means, by the way,
to order it or flavel is going to be This
former leader of the Maori Party is going to be
with us very shortly. Talk us through what's happened today
in the reset. Just quickly on Tom Phillips. Now, Tom
Phillips's parents have written a letter to their community apologizing
for what he did. It was given to the King
Country News and he says, they say, send sincere apology

(32:17):
for the loss of privacy and the inconvenience and the
property you know, caused by Tom. We in no way
supported him or agreed with any of his actions in
the past four years. Now, what I want to know
from this, because I think this is fascinating pr from them.
What I want to know is when they say they
never supported him, do they mean they never supported him
as in never approved of what he was doing. Or

(32:38):
do they mean they never supported him as in they
never dropped off casseroles to the bush for the kids
to eat.

Speaker 14 (32:43):
Do you know?

Speaker 3 (32:44):
Because there's a difference there anyway, Just set for.

Speaker 14 (32:48):
What it is.

Speaker 3 (32:49):
It's some pr going on right there. Anyway. Let's go
to Gaza. Well, let's go to an expert to explain
whether we should have hope for the situation in Gaza.

Speaker 21 (32:55):
Next Newstalks at BAM.

Speaker 2 (33:15):
The only drive show you can try tru to ask
the questions, We get the answers, find the fact and
give the analysis. Here the duplicy Ellen Drive with One
New Zealand and the power of satellite mobile news talks
be afternoon.

Speaker 3 (33:31):
There is hope that the Israeli hostages may be released
as early as this weekend. Hummus and Israel have agreed
to the first phase of the cease fire deal. This
is Trump's deal now. This means the hostages will be
released and Israeli troops will retreat from the front lines
of Gaza. Anasek Tit is a senior lecturer in Arab
and Islamic studies at the Australian National University and with
US high on US.

Speaker 16 (33:52):
Hello, thank you for having me.

Speaker 3 (33:53):
How do you rate the chances that the hostages will
be released this weekend?

Speaker 16 (33:58):
Well, it is highly likely that Israeli captives in Gaza
and Palacinian prisoners held in Israeli detention camps and prisons
will also be released. It is also highly likely that
the agreement about the Israeli military withdrawing to a specific
line instead of Gaza will also be implemented in order

(34:19):
to facilitate the prisoners exchange. So this first step, which
is largely technical, will most likely be successful and will
be implemented over the next few hours or over the
next seventy two hours.

Speaker 3 (34:30):
Rather, once Israel gets what it wants, which is its
hostages back, do you trust them to hold to the agreement?

Speaker 16 (34:37):
I think the agreement has many ambiguous pillars, which include
the point that you're alluding to, which is the fact
that once Israel has the has its captives from Gaza,
that the war may be continued or the ongoing humanitarian
situation will continue to be at its trophic level or

(35:01):
as castrophic as it is right now. So there are
very little guarantees in the plan itself. However, the fact
that an agreement has been reached suggests that guarantees have
been put in place. In addition to that, the way
that this agreement has been communicated, whether it is by
the United States or various participants in the negotiations over

(35:24):
the past few days, the way that they have communicating
the communicated disagreement suggests that there are guarantees about other
plans or other pillars in this plan being implemented.

Speaker 3 (35:37):
Now do we know if Hamas has There's a couple
of really curly things, right, do we know if Hamas
has agreed to give up its arms and has it
agreed to step back from governance future governance of the
Gaza Strip.

Speaker 16 (35:47):
So other than the technical aspects about prisoners exchanges and
limited Israeli withdrawals instead of Gaza, and nothing has been
agreed yet. This includes the future of of the Gaza Strip,
the future of Palestinian quality there, the future of governance
in Gaza is also complete withdrawal from Gaza, the lifting

(36:10):
of the humanitarian blockade and so on. So this hasn't
been discussed at this stage, although as I mentioned earlier,
there seems to be guarantees about at least these negotiations occurring.
But the most likely outcome is that the technical aspects
will be implemented, mainly about prisoners exchanges, and then the
political aspects will most likely forestall for a very long

(36:31):
period of time.

Speaker 3 (36:32):
All right, honest, thanks very much on us Ektite, who's
the senior lecturer in Arab and Islamic studies. Just so
you know how this is being met. The news is
being met in Tel Aviv. As soon as the news
came through, families and friends of the hostages gathered together
and it was early morning for them and they chanted
Nobel Prize to Trump teen past.

Speaker 1 (36:49):
Five, Heather do for Seli.

Speaker 3 (36:51):
Parliament's being thrown into disarray again today with the Maori
Party again caught up an ohakka controversy at somewhat overshadowing
the party's big reset, which was supposed to change the
narrative after some pretty weird internal stuff. Former leader or
Flavel was watching the reset and it's with us high
it or he does it feel to you like an
error pulling the hakka stunt on this day?

Speaker 12 (37:13):
Well, I mean, I don't know whether Ordini had any
part to play, and that I think it was accepted.
Protocols has always been to allow way to take place.
In the past, there's been hot to that it followed.
There hasn't been a big deal and I'm wondering why
even now that it is such a big deal. It's
simply a part of finishing off a way out. There's
nothing in it about it. Let it ride, it would

(37:34):
have finished and then everybody carry on seems to have
gone to another place. Unfortunately.

Speaker 3 (37:39):
Now, what are you making of this reset? I mean,
it seems like it's stealing with a couple of things here.
The first is tightening up on discipline, in the second
is releasing policy and wanting to be taken seriously. Are
they actually going to tighten up on discipline? What does
that mean for Kappa Kini?

Speaker 12 (37:54):
Well, as probably there's quite a lot of lot going
on in the party at the moment, and I think
the idea of reset is probably appropriate right now, bearing
in mind that there's been a few issues that they've
had to deal with over the last couple of months
or so, and there's an election coming around around the
around the corner in another year or so. They signaled
a desire to work with the Green and the Labor

(38:15):
Party and therefore probably does need to, I suppose, give
a different view about how they see their role in politics.
So it's a good move to have a reset, whether
that trans what that means in terms of translating into
policy gains, what means in terms of taking an approach
to the country and indeed reflecting the original cope of

(38:38):
the Party Maori, I think still remains to be seen.

Speaker 3 (38:40):
Do you think Ken is safe in her position in
the party?

Speaker 12 (38:45):
I think I think, well, who knows, but I think
she's done it. She has done a wonderful job. You know,
she's she's a Staunton in her beliefs and where she
wants to go, she's considered, she knows where she wants
to go, and of I've always enjoyed the interactions that
I've had with her because she she talks from a
real common sense position. So I mean, in the end,

(39:08):
there's there's a number of things with there's a number
of things even bringing nah hunnah forward. And as unfortunate
as you say that that things happen on today because
already had the moment and it was a big day
for her and her fino, and it could have been
about about more about that than anything else. But I mean,
at least there's a resetting and focusing on the future,

(39:30):
which hopefully will be the best interest for the party
in the country.

Speaker 3 (39:33):
Yeah, right, heye to order or thank you as always
order or level former Maori Party co leader Heather Do
for the album. So the guys at Sky and ins
I have released the viewing figures for the All Blacks
matches that in the last in this past season. And
I'll tell you what. We're still tuning in for tests,
aren't we? Like those are big numbers they're pulling. So

(39:53):
combining the tally and the streaming one close to one
point four million is more like one point oh gosh,
I can't remember I worked it out. One point My
maths is rubbish, like my geography and all my science.
One point six sish. I think a one point three
sixish or something like that million who tuned in to
watch the All Blacks take on the spring Box. That

(40:14):
was the most engaged audience that they saw. Now what
they mean by most engaged is basically how long we
stayed watching it for. We watched that one right to
the end, because obviously the All Blacks only watched that one,
only won that one by one converted try. So it
was it was a tight game and it was always
a bit here, he wasn't it. The most watched game

(40:36):
was actually the All Blacks versus the Wallabies, which was
on a couple of weeks later at Eden Park. That
got a viewing audience of one point two million, which
is not bad. Now, obviously we all know, right the
Wallabies ain't got nothing on the spring Box So the
question is, well, was the why was the Wallabies more
watched than the spring Box one? And well that would
of course been because remember the Warriors clash that happened

(40:56):
with the spring Box games. So there were a whole
bunch of people who chose the Warriors over the spring
Box match. And let that be a lesson to the
people who organize these kinds of things in the future,
which I think is the NRL actually quarter past. Hey,
how cool is this team up between Farmlands and BYD.
If you haven't heard of this, I'm going to get
you across this, especially if you've got a Farmland's card,
because you can't miss out on this right. Farmlands card
holders can now use their cards at BYD dealerships across

(41:19):
the country. You have yourself some exclusive offers on all
BYD vehicles and servicing and for October only, if you
use your BYD's your Farmland's card to buy a BYD,
you will get yourself a five hundred dollar charge net credit.
And if you do buy yourself a BYD, especially given
you're doing something on the land, obviously, can I recommend
that you take a good long look at that Shark
six ut. It's a perfect all rounder. You can use

(41:41):
it in town, you can use it on the farm.
And if you buy one, you can choose four thousand
dollars in either vehicle optional extras and accessories, or you
can just reduce what you pay by four thousand dollars.
That four thousand dollars your weigh Shark six offer is
valid until the end of this month or while stocks
last at participating authorized byd Dealers. Check it out so
byd Auto dot Co dot Z.

Speaker 1 (42:02):
Heather duper Cy Alan, I'm going a little bit more.

Speaker 3 (42:04):
Of Debbie to plays. It does sound very much like
Debbie is going. This is Debbie from the Marti Party
is going to work with the Labor Party and the
Greens a little bit more constructively. So standby will get
to it. At eighteen past five, got some new rules
for meth contamination of rental properties. The Housing Ministry has
determined that a house with meth levels of over fifteen
fifteen micrograms per one hundred square meters must be decontaminated,

(42:25):
and if the levels had double that thirty either the
landlord or the tenant can walk away from the lease
within a week. Now it still needs cabinet sign off,
but it's expected to come into force next year. Serena
Given is the director of Tenancy Advisory and with US
high Serena, Hey, Heather, how are you good? Thank you?
The sum like common sense to.

Speaker 22 (42:42):
You, super common sends. And also, in fact, these levels,
or at least a fifteen micrograms level, has been in
place since US far back as twenty seventeen, and that's
the legal president's being set by the district courts, So
the tribunal have been applying that level for a number
of years now.

Speaker 3 (43:02):
Okay, so why are we letting it get to thirty?
What is thirty? Does that not denote that something more
serious has been going on in the property?

Speaker 22 (43:11):
Yes, I think based on I'm pretty sure that based
on the science that we're aware of, thirty will give
a primer facie case of more likely than not there
had been manufacturing on site and it's deemed us more
contaminated and more more damaging and dangerous to the occupants
of the property.

Speaker 3 (43:30):
In which case, why would a landlord have to give
the tenants seven days notice? I mean, they've been manufacturing
on site. Surely you want to kick them out within
the hour.

Speaker 22 (43:38):
Yeah. Absolutely. And look the way the uninhibitability provision works
worth the RTA is that as long as the party
is not at fault. So in the case of a
tenant tenant cause contamination, the landlord gives a seven day notice.
The landlord can give noses. Tenant cannot give the notice

(44:01):
if the property was supplied to the tenant in the
first place. At over that thirty microgrammar level, it is
deemed us the landlord is the party at fault. The
tenant gives a two day notice to terminate and walk
away quickly. And that is that disparacy between the seven
and two days is really in line with other provisions
of the RTA. That essentially reflects that the primary purpose

(44:25):
of the RTA is a consumer protection piece and that
it is there ultimately to protect the tenants. So the
tenants walk away sooner and the landlord have a bit
more day, a few more days that they're going to
have to ride with the tenancy.

Speaker 3 (44:38):
All right, Serena, thanks very much, appreciate it. Your take
on it, as Serena Gibbon, who is a tendency advisory director,
so as I was saying from this big reset that
the Malordi Party has done, it sounds very much like
the Maldi Party and debing Nada Wopaka want to be
taken a lot more seriously than they have.

Speaker 20 (44:54):
We've stopped hearing our own solutions because we've been in
the storm of one of the worst our little environments
ever imaginable, and we got to commit to a common cause,
shared with the Greens and shared with Flavor, to make
this the last term of this government.

Speaker 22 (45:11):
It's not because we.

Speaker 20 (45:12):
Hate them, but because we love our people more.

Speaker 3 (45:16):
This is these guys fighting to be included in the
next government. I'll be interested. I'll be surprised if that happens.
Leopards and spots and stuff like that. Five point twenty two.

Speaker 2 (45:26):
On your smart speaker, on the iHeart app and in
your car on your drive home, it's Heather Duplicy Ellen
Drive with One New Zealand and the power of satellite
mobile News talks the being.

Speaker 3 (45:38):
Five point twenty four. Now, as we heard earlier in
the program, once again we have a call for the
decriminalization of drugs in New Zealand. This time it's coming
from the New Zealand Drug Foundation, who released a report
at Parliament this morning looking back at fifty years of
drug laws and deciding that the drug laws haven't worked
and therefore calling for the decriminalization of not just weed,
all drugs, P cocaine, speed, LSD, the whole bloody lot

(46:02):
of them. Now, look, I have some sympathy for the
argument that our drug laws are failing, because they clearly
are failing. I mean, we have more drug busts than ever,
and yet drug us is going up. But just because
the war on drugs isn't working, doesn't mean that the opposite,
being going soft on drugs, is going to work. These guys,
and pretty much everyone who champions decriminalization always uses Portugal

(46:24):
as an example of how beautifully it works. But what
about the places where it hasn't worked? Oregon, that's an example.
They decriminalized drugs there in twenty twenty and then they
reversed the decision four years later because of rising street
level disorder and to spike and overdose deaths. And what
about British Columbia and Canada another example, They tried it
for about a year twenty twenty three to twenty twenty four,

(46:45):
and they also decided to reverse it because basically the
same thing happened there, disorder overdoses, public frustration over drug
users openly using drugs in public places like parks. Now,
that is the reality of what would happen if no
one got in trouble for doing drugs, more drugs would
be done, and they would be done more openly, and

(47:05):
they would cause more harm. Now, in order for this
to even have a chance of working, right if we
decided yep, we're going to go for the decriminalization, in
order for that to even have a chance of working,
you would have the first massively invest in drug treatment,
which we're not going to do as a nice idea,
but we're not going to do it because we do
not have enough money to run hospitals for everyone, never
mind massively boosting specialized services for drug addicts. Now, I

(47:28):
suspect that most of us already know this, even just intuitively.
So I suspect that, yet again, this call will not
be taken seriously, Just like every other.

Speaker 1 (47:36):
Time, either dupe Allen.

Speaker 3 (47:40):
Winston has taken to calling the co leader of the
Greens Crowbar Chloe, which has an element of te about it,
so at least he's well, I mean, look, I'm sure
he's not enjoying the situation, but at least he's sort
of making the most of it.

Speaker 13 (47:52):
Isn't he.

Speaker 3 (47:52):
Uh now Nessleigh, as I told you earlier, has pulled
out of this methane reducing global alliance that they've been
part of. So we're going to talk to land Row
with about that. Very shortly. Got the huddle standing by,
Rob Campbell and Phil O'Reilly are going to be with
us and AI. Now you know that I love the AI.
I love the AI very much. But there is a

(48:13):
lot of chat going on, including this morning on Mike's program,
about whether AI is in fact a bubble. The Bank
of England has weighed into this and has declared that
year probably it does look a little bit like it
is a bubble and you need to be aware of it.
And there's some interesting numbers about that that I'm going
to run you through and then Sam Dickey will talk
us through it and whether he thinks it's a bubble.
In about an hour's time, News talks a b.

Speaker 2 (48:40):
Whatever cutting through the noise to get the facts. It's
Heather duf c Ellen Drive with One New Zealand coverage
like no one else news talks.

Speaker 1 (48:50):
That'd be.

Speaker 13 (48:57):
Heather having just been.

Speaker 3 (48:58):
To San Francisco, people everywhere smoking dope and the bus drivers,
the taxi drivers says, or the whole lot of them.
What that meant is that the streets, well, this is
the non prosecution of addicts means the streets are full
of zombie stealing everything to pay for the addiction. And
John is obviously not a fan of it. See Brad Olsen,
by the way, is going to be with us after
six o'clock to talk us through the government's books which

(49:19):
open and as I told you, have shown us that
debt is going up again. Got the huddle standing by
as well, Fellow Riley and Rob Campbell. Right now it's
twenty four away from six. Now Nessley has pulled out
of a global alliance for cutting methane emissions from dairy farming.
The Dairy Methane Action Alliance was launched less than two
years ago, and now Nessley has quit. And this has
come just days after the Net zero Banking Alliance basically

(49:42):
voted to end itself. Agribusiness expert doctor Jacqueline Roworth is
with us on this. Hi, Jaqueline, Hello, I know why
do you think NESLA has done this?

Speaker 19 (49:51):
Not moving fast enough for them? The alliance has not
worked as well as they thought. And remember Neslie's done
some really good work around the world of agriculture with
cropping and with us with New Zealand, lots of rewards
for farmers who are able to cut their meathing. So
they're putting their money where they're actually getting action, and
that makes sense to me. We're well New Zealand and

(50:15):
around the world, in America a bit in Britain through
the EU certainly trying to cut with cropping, which is
not our forte Well, how is the domestic supply is
our good cropping stuff? So with the export the stuff
that they buy, the money is going through from various
of the dairy companies to directly to the farmers to

(50:36):
encourage them to do ever better. And the farmers are
doing ever better, so it makes sense to me to
do good investment.

Speaker 3 (50:43):
The optics of this are not great, are they, though,
Because it looks like this LAY just doesn't want to
be held to account on methane emissions and their supply chains,
which is what the Alliance does.

Speaker 19 (50:53):
But they are reporting, but not through that alliance and
I think there's been problems with the alliance, with other
companies not doing they said they would do, so the
alliance itself has not been working successfully.

Speaker 3 (51:04):
So they're pating ties with the bundle leg ads.

Speaker 19 (51:07):
Well, I think that's what I would hate to call
them legards, but they yes, possibly because they haven't been
reporting well and it took them a while to get together.
So the reports well about.

Speaker 3 (51:17):
The X Party and just as a case and point
about the optics, the X Party is looked at this
put out a press release and said this adds weight
to the argument that we should pull out of the
PA or at least tweak the Paris Climate Agreement because
all of these initiative, all of these alliances are starting
to fall apart.

Speaker 19 (51:32):
Oh two of them are. But the global research.

Speaker 3 (51:35):
Are at least poor.

Speaker 19 (51:35):
Jacqueline Ah, Okay, yes, globally it is really difficult to
do because everything is contexture. But in New Zealand we
are doing good work. We are working with some of
the big customers. Remember we sell to Nestle, and that's
why they're doing all this encouragement and able to report
that they are reducing me done. But for us being
part of the Paris Agreement allows us with the trade agreement,

(52:00):
and it allows a social license. Can you imagine what
it would be like if the farming community actually pulled
out of Paris? And remember Paris Agreement does say do
everything you can without reducing food production, and we are
approaching that point. We've done an awful lot of the
things we can do and most countries haven't. So we

(52:20):
have the well, we have the high ground at the moment,
and we have trade deals.

Speaker 3 (52:24):
Do you think that assurance is got which is the
thing that a lot of people cling to in the
Paris Agreement, do you think that that is going to
be honored by part signatories to the agreement who we
trade with.

Speaker 19 (52:35):
Yeah, most countries are still trying to reduce methane and
they haven't done the reducing that it hasn't impact on
the food production. But yes, it may be that everything
changes in the future when people realize that food production
is the major goal for the world, given the increasing
population and the increasing in practice.

Speaker 3 (52:57):
How does it work in practice?

Speaker 1 (52:58):
Right?

Speaker 3 (52:58):
So we get to the point where, because we have
talked in the past, Jackal and I mean here what
Economa has talked about culling like fifteen percent of our
herd in order to get the numbers down. So how
do we in practice? How what happens? Do we go
as the New Zealand government does? The New Zealand government go, look,
we have reduced to the point as far as we
can and the next step is to start shooting cows,

(53:18):
and the rest of the world goes, oh, it's cool,
don't shoot them, you carry on emitting.

Speaker 19 (53:22):
Well, I've just been at the SAO Food and Aquaculture
Organization meeting in Rome about sustainable livestock production, and there
is a recognition that we have to keep going with
with meat and milk because that's the most sufficient way
of people getting their nutrition they need. So for New Zealand,
the fifteen percent was really trying to get improved deficiencies

(53:45):
and we are doing that and they data from the
milk companies.

Speaker 3 (53:49):
That's not what I'm asking you. What I'm asking you
how is it going to work if New Zealand stands
up and goes, hey, guys, we've done everything we can
short of actually shooting our animals. So are you cool
if we keep all these animals and we're emitting a
little bit more than we wanted to is the rest
of the we're going to be like that's fine or
are they gonna be out?

Speaker 19 (54:05):
I think I think that the big customers, the Nestles, Dunnan's, McDonald's,
will say we want your milk because it's lower emissions
per kila or product that we want than any other components.
So yes, I do think that what will happen. Okay,
and of course sometimes to gaze in my gazing in
my crystal ball, but they want on milk because it's

(54:25):
low emissions.

Speaker 3 (54:26):
Yeah, good, Hey, Jacqueline, thank you, always appreciate your time.
That's doctor Jacqueline Row with agribusiness expert and daarien Z
director nineteen away from.

Speaker 2 (54:33):
Six The Huddle with New Zealand Southeby's International Realty. Find
your one of a kind.

Speaker 3 (54:39):
On the Huddle us. This evening we have fellow Riley
of Iron Duke Partners and Rob Campbell, aut Chancellor, former
Boss of Health New Zealand hie lads. Hard to argue
with Jacqueline, isn't it Phil?

Speaker 18 (54:50):
I didn't hear it. I was so son and maybe
let robstart.

Speaker 3 (54:53):
Okay, hard to argue with Jacqueline, isn't it Rob?

Speaker 13 (54:58):
I'm sure, I could pick an ug with Jacqueline, but
I don't really need to about this. The main thing
is to focus on what we are doing and what
we need to go on doing. I think this whole
business about pulling out and not pulling out of trade
agreements for US is the Paris Agreement et cetera. For
US is a bit of a sideline. If we keep
focusing on what we're doing, there's no need for us
to pull out or not pull out. Eventually this will

(55:20):
work its way through. We've got to keep on doing
what we need to do. That's the issue, and that's
what acts jumping up and down about this. And I
see quite incredibly that chat Cameron, who was speaking for them,
described our past policies as being unrelated to the science. Well,
if there's anything less related to the science than what
Cameron comes out with, I've never heard it. So what

(55:41):
we have to do is keep on with the keep
on with what we're doing, improving our practices, lifting our
game all the time, and then we will be listening
to in the world circles if we need to talk
to them.

Speaker 3 (55:52):
Yeah, okay, well again, let's talk about phil I'm quite
teen to talk about what's going on with the Maori Party.
It looks to me very much like this reset is
basically aimed at a big behavior switch and them being
taken sort of toning down their behavior and being taken
seriously enough to be part of a future cabinet with
the Labor Party in the Greens. What do you think?

Speaker 18 (56:11):
And then they do a hacker in the parliament. I mean,
you know, it's kind of weird. So I'm not sure
that by just calming down a bit they'll be seen
as any more or many more part of a cabinet
by the non Mari Party voter than before. Actually, I
think they really do need to come out with some
policy that's more than just grievance and more than just
protest and actually sit down and said we make you

(56:32):
deal them better. And I just I just don't see
them doing that. Frankly, the politics inside mark the Maro
patic clearly is intense. They'd seem unwilling or incapable of
complying with some basic rules or even if they want
to change them, having a proper conversation about changing them.
So I think they're quite a long way away from
being seen as a force in any future government Franklin.

(56:55):
I I agree with those who say Crucipkens should think
about ruling them out at she'd probably do them good.

Speaker 13 (57:01):
I don't think that to party is all that concerned
about what we three are likely to decide tonight. Is
a good thing for them to do. I mean they're
appealing to a mari electric quite specifically. They're just a
new MP in de Parliament, pretty decisively against the Labor Party.
I think that the issue is not so much whether

(57:21):
they take themselves seriously, but it's whether we take them seriously,
and in fact we have to. They're a significant element
in our political equation and if some people don't like them,
well that's just hard luck. They're significant.

Speaker 3 (57:36):
I think you're failing to understand something. It's not hard luck,
it's you're not in cabinet.

Speaker 13 (57:42):
Well we'll see whether that proves to be the case
or not. I've always found politicians be pretty flexible when
it comes to the number crunching to get them in department.
I'm I'll wait and see about that.

Speaker 14 (57:53):
I don't know.

Speaker 18 (57:53):
I mean it'll be a key issue in the Electric
Day election though, with the nets are going to say,
look at those guys, you can't you don't elect Chippy
because those guys are going to in the government. So
you know, it's quite an important piece practically because it's
not the lot the people that vote for them that'll
be the problem. It'll be the people that might otherwise
vote for for Labor or the Greens.

Speaker 13 (58:09):
I think, yeah, and I wait and see, let's wait
and see.

Speaker 3 (58:14):
Well, I don't think we need to wait and see, Phil.
I think we've already seen it today, haven't we. You
can make all the decisions you like. If you can't
get your own MPCE to toe the line, there's no chance,
is there.

Speaker 18 (58:24):
It's just it's just an unnecessary own goal in terms
of their Well, I understand what it's trying to do it.
In fact, I won't argue, by the way, can change
the standing orders so they can be a hardkart in
the parliament. Good for them, you know, great, But you
can't do it until you change the standing orders. And
I think you need to lean into that process with
everybody else to say, look, let's come up with some
proper arrangements here other than simply poking the borax and
poking your thing out. It literally that what's going on.

(58:46):
I just don't think can look sensible to anybody other
than them and their relatively small group of supporters there.
You're not even all of Marridam is a support of
the Murray party, so you know, it's quite a niche
thing and powerful, I know, and the Marray seats of
buts we to look a bit more like everybody else
could could understand them and trying to work with them.
I think that's the nature democracy.

Speaker 3 (59:06):
All Right, we'll take a break, come back to you guys.
Shortly caught a.

Speaker 2 (59:08):
Two the Huddle with New Zealand Southby's International Realty, the
Global Leader and Luxury real Estate.

Speaker 3 (59:15):
Right, you're back with the Huddle, Rob Campbell and Fuller Riley. Rob,
how optimistic are you about peace in Gaza?

Speaker 13 (59:22):
I'm very unoptimistic about peace in Gaza. I'm really pleased
that some of the bombing and killing will stop. I'm
really pleased that hostages and prisoner's interesting distinction, hostages and
prisoners are going to be released. That's a good thing.
But there's a long way to go before there is
peace in Palestine, I'm afraid to say. But look, you'd

(59:45):
be a bad person if you whn't happy about stopping
people getting killed.

Speaker 3 (59:51):
Rob Where are you worried it falls apart? At what point?

Speaker 13 (59:56):
I think? I'm no expert in this, but it seems
to me that when it becomes to the question of
power and the alignment of power and who's going to
make decisions across the whole of Palestine, that it will
start to fall apart. So I think those negotiations have
really led to really yet to happen.

Speaker 18 (01:00:15):
What do you think so well, I'm actually a little
more positive than Robot. I think to get overall peace
in Palestine is a very hard ask, but this is
a this is a massive step forward. This is an
organization who's very nature harmas is to destroy the Jewish
people and destroy Israel. And you know, lookily now they've
they've done what they what they should have done, you know,

(01:00:37):
years ago, many many months ago in terms of the hostages,
and so you know that and obviously some backing down
b Israel as well, and so you know the way
in which Trump has managed to achieve this. I mean,
you can criticist trumple You're like I've always found with
political leaders, they don't do everything wrong, and they don't
do everything right. Trump does an awful lot wrong. I
think we can all agree with that, But on this one,

(01:00:58):
I think he's got it right and a little hopeful.
And Robin the sense that this kind of technocratic group
that he's going to chair, which is going to look
to look after Palestine in the meantime, I think there's
some there's some there's something to that. It's what happened
after the Second World War in the likes of Berlin,
and it kind of worked, So I think there's something
to that. I think we should we should just suspend
judgment for a minute or two and see how it

(01:01:19):
plays out. To Rob's point, the chances of were being
completely successful pretty small. But look, it's better than I've
seen in the last ten years, so good for them.

Speaker 3 (01:01:26):
Yeah, we'll give it a chance. Now, Rob, I'm terrified
of asking you this question because I feel like I
know what the answer is going to be. Do you
think we should decriminalize drugs in New Zealand?

Speaker 13 (01:01:37):
You might pusher? Are you going to come out unveil
yourself as my pusher?

Speaker 18 (01:01:40):
Are you.

Speaker 3 (01:01:43):
If I'm pushing you drugs, I'm probably only pushing your
drugs for your heart or something like that. What do
you think?

Speaker 13 (01:01:52):
Look, I think that we have to address the drug
issue as primarily a health issue, and by that I
mean a social health as well as physical health issue.
To the extent that decriminalization can help that, I support it.
And for example, I think some things have been effectively
decronalized anyway, like cannabis, I think is something that we

(01:02:14):
could readily move. On some of the more serious drugs.
I think we would want to proceed reasonably carefully, but
the direction should be towards not criminalizing people for using,
but criminalized people for making and trading even the dangerous drugs.
So there's got to be a way through that thicket,
in my view, to get to the real issues.

Speaker 18 (01:02:34):
I grew with rollin this issue. I was been a
bit of a fan for decriminalization, which is a different
thing to legalization, right, it's a different thing. And I
think that the challenge is when you say that, what
do you mean, who are you decriminalizing? And you can't
decriminalize the mung or pushing the stuff, can you? So
how do you actually draw that line in the sand,
and how do you get away from standind.

Speaker 3 (01:02:54):
Of entities don't use the personal use?

Speaker 18 (01:02:57):
Yeah, yeah, in theory, although you know you can see
how you can stuck in some lines there. But I
agree with Robin this clearly the current situation is not
working effectively. If I suspect has never happened to because
I don't need drugs, but apparently, but you know, if
I suspect, if you we've found with some drugs by
the police, they probably wouldn't do too much. I suspect
they just you know, leave your mind mass you're doing
something other bad. So you know, we need to just

(01:03:20):
get that real. And I certainly agree with Rob that
and other advocates too. We need to treat this as
a health issue and that's the best way to out it,
to get people actually declaring it to saying I need help,
and that'll actually help clean it up. But gee, it's
a hard road.

Speaker 3 (01:03:34):
That's a hard road, really is guys. It's great to
chat to the pair of you. Thank you so much.
Rob Campbell, Fellow Riley Huddle eight away from six.

Speaker 2 (01:03:41):
It's the Heather Duplessy Alan Drive Full Show podcast on
My Hard Radio powered by News talk z' be.

Speaker 3 (01:03:49):
Oh lord, it started already. Heather Fellow Riley would be
a great leader of the National Party. Jays James, They
only had one poll with a toe in front of it,
and if you rounded it up, it hit thirty because
it was twenty nine point six and you're already deciding
who the next leader should be. Very tough crowd, this
one five away from six. Now Winston Peters is laying
into Fonterra. This is because of the consumer business sale, right,

(01:04:12):
and at the moment that the thing, Look, I don't
know why is he bothering Because the voting is open
at the moment for farmer farmers and shareholders and farmer
shareholders and all the shareholders. They're all voting at the moment,
and I think they've got to the end of the
month and it's a done deal, right, Like we're dangling
hundreds of thousands of dollars in front of each of
these dudes to say yes. They're going to say yes
to the deal. Anyway. When he's having a crack at it,

(01:04:34):
he's upset about a couple of things. First of all,
he's not sure that that long term agreement by Lactalis
to take the New Zealand milk is actually that long term,
and he wants to know what happens after that and
whether all our farmers are going to go without a
place to send the milk. Also, he's hinting that there
are very sweet bonuses in the deal for the executives

(01:04:55):
for having put the thing together. Now, he's probably right,
because I think that's kind of running mill, isn't it.
If an executive stitches together a massive deal, they generally
get a massive bonus, just like the broker who put
the thing together. So I don't know that I'm particularly
stressed out about that. I mean, let me know if
you are, I might ask Hamish Mackay is going to
be this latter, or I'll ask him if he is.
Now apparently this song is on high rotate in the

(01:05:19):
beehive because someone has done something very unusual. This is
Joey Gribbon, who's running for Wellington City Council on the
Labor ticket. She's actually using AI obviously written herself a
campaign song.

Speaker 7 (01:05:32):
I can see it.

Speaker 1 (01:05:35):
I can set your smile.

Speaker 7 (01:05:38):
Your vote is all one in my arms off.

Speaker 3 (01:05:43):
That's right. Your voter is all I've wanted and your
my arms are open wide. I mean, I don't know
about you, but that is that's a vibe. That's a
vibe anyway, if you want joy by the way, if
you're like, hmmm, look, if you're one of the five
people in the country who went by I know that name,
that Joey was one of Justinda's press sex, one of

(01:06:05):
just inder senior press sex, so yes you have so yes,
Joey knows how things work and she is taking politics
to the next dimension, which is campaign songs. High rotate,
I'm told high rotate and the bee of course it is. Anyway,
let's talk next to Brad Olsen about what's going on
with our national debt and our structural deficits and how
much we should be panicking right now.

Speaker 7 (01:06:24):
News Talks B from m open to clue, mister, I haven't.

Speaker 2 (01:06:39):
We're Business meets Insight of a Business Hour with Heather
duplessy Ellen and Mas for Insurance Investments and Kilie Safer.

Speaker 1 (01:06:48):
You're a good as News Talks dB.

Speaker 3 (01:06:52):
Even in coming up in the next hour, I'm gonna
ask Hamish mackay when he makes of Winston Peter's Fonterra
complaints Sam Dickey on whether the AI bubble is about
to pop an end of Brady is with us out
of the UK at seven past six now, the government's
financial statements are out and it's not looking that great.
Debt is now at forty one point eight percent of GDP.
It's gone up in the last year obviously. The operating

(01:07:12):
deficit obergal X is sitting on nine point three billion dollars.
That's higher than last year's which was eight point eight
billion dollars. Revenue is up, expenses up. Of course, Finance
Minister Nicolaullis managed to spin it in a good light health.

Speaker 20 (01:07:25):
And education, but as a proportion of the overall economy,
Crown spending is reducing.

Speaker 3 (01:07:30):
Brad Olson is infometrics principle economist and with us high
Brad good evening obviously not great. But how much of
this should we give them slack fall because of the
state of the economy.

Speaker 10 (01:07:41):
Well, I think more than that, just the state of
the economy. The challenges is that a lot of these
numbers were baked in by previous decisions, and unless you
were going to see some really really fundamental changes, and
that would probably have to affect the likes of, you know,
different welfare and social spending, health and education, you probably
couldn't do too much of a turnaround job too quickly.

Speaker 3 (01:08:01):
So the fact that some of these.

Speaker 10 (01:08:02):
Indicators have either stabilized or started to move slightly in
the right direction. Yes, it's not enough yet, but some
of them. I mean, you look at the likes of
spending now a smaller percentage of GDP. You mentioned the
debt figure up six point seven billion dollars from last
year but three point five billion lower than was forecast
in the budget, and the fact that it stabilized at

(01:08:23):
forty one point eight percent. The first change, and it
will first part of a turnaround is at least leveling
things out and stopping them going higher. So I guess
on that front there is a bit of a change,
but clearly there's still a long, hard slog for the
government books to get back into a more reasonable position.
That's probably going to take quite a few years, until
probably the twenty thirties.

Speaker 3 (01:08:43):
But why is the operating deficit still widening?

Speaker 10 (01:08:47):
Well, I mean the government is still spending more in
general than it's earning. If you look at the sort
of spending figures. Total revenue, so money earned by government
was up two point five billion from last year, spending
up three point four billion, but again a lot of
that coming down to the likes of social security and welfare.
That's both jobs seeker support. Because the economy is weak here,

(01:09:08):
you've got more people out of jobs, so that's sort
of cyclical. But of course you've also got those higher
superannuation payments. Like when you look through the numbers, those
are the areas that you see the biggest changes. What
the government has done, particularly around Kaying Aura has seen
a little bit less going through in the expense line,
so that's an important change. But at the same time,

(01:09:28):
there are then concerns in the community around social housing.
So all of this is a very delicate and very
difficult balancing act.

Speaker 3 (01:09:35):
I think, what is it We're supposed to hit surplus
in about four years and twenty twenty nine. Is that credible?

Speaker 10 (01:09:40):
Well, I mean it also depends on exactly what you
include or exclude from the various measures. I mean it's
sort of I think it's around twenty thirty is sort
of where my mind is sitting when you look at
the various indicators and realizing that's still a long way
away in terms of other economic shocks that could come
through and a whole lot of other changes. So look,
I think we we are seeing that first shift towards

(01:10:02):
stabilizing things, to bringing down expenses as a proportion of GDP,
But it's still going to take a while for those
numbers to get back into what we might feel as
a sort of comfortable and sustainable zone. Let's remember the
reason we need to get the government accounts back into
a more sort of sensible order is that the next
time something comes out of the blue and hits the economy,

(01:10:23):
we need to have buffer room to respond. And at
the moment, we're still trying to pay off the credit
card bill from the last couple of times we've wrapped
it up.

Speaker 3 (01:10:30):
Hey, listen, what do you make of the OCR announcement
yesterday with the double cut. Do you think that that
is enough to get us spending again?

Speaker 10 (01:10:38):
Well, in a sense, I mean the proof will be
in the pudding, but not for another twelve months. I mean,
those decisions that were made yesterday still won't flow through
to the economy fully.

Speaker 3 (01:10:45):
Brad, it was still for a while. No, But Brad,
it was supposed to be a head change, a game
changer in our heads. Right, We're supposed to stop being scared,
stop saving, and start spending effective. Now is that going
to work? Well, that's the talk.

Speaker 10 (01:10:57):
But that's why I'm a little bit sort of I
guess curious, and a little bit there's a part in
the bottom of my stomach here that still worries that
if we've got you know, three hundred or so basis
points of cuts and that hasn't done anything, but we're
waiting for just that extra little cut to get us
over the line. I worry that when inflation is nearly
at three percent and similar, by goodness, we could look
back at this decision any year's time ago, we might

(01:11:19):
have overdone it. I get the call for stimulus and support,
but that inflation worry. It really does sort of stick
in the back of my throat and it worries me
that will be there in a year's time and still concerned.

Speaker 3 (01:11:30):
Yeah, hey, thanks very much. Brad always appreciated this. Brad
also infometrics principle economist.

Speaker 1 (01:11:35):
Ever do for Sellen.

Speaker 3 (01:11:37):
Right, So the AI bubble, So Sam Dicky is going
to talk to us shortly about whether the AI bubble
is about to burst, because, as I was telling you earlier,
the Bank of England is worried. It's warned of a
sudden correction. It says on a number of measures, equity
market valuations appear stretched, particularly for technology companies focused on AI.
This leaves equity markets particularly exposed to expectations around the

(01:11:57):
impact of AI become less optimistic, which is probably going
to happen, isn't it, Because I mean, let's just look
at how stretch the valuations may well be open. AI
has gone from being worth one hundred and fifty seven
billion US dollars last October to five hundred billion US
dollars this October. Anthropic has almost tripled its valuation in

(01:12:19):
just six months. It was sixty billion dollars US in March.
It was one hundred and seventy billion dollars last month.
MIT and just in terms of the optimism around what
it can do, MIT put out research showing that ninety
five percent of organizations are getting zero returned from their
investments in generative AI. So anyway, Sam Dickey on that
after half past thirteen past.

Speaker 2 (01:12:41):
It's the Heather Duper c Allen Drive Full Show podcast
on my Heart Radio powered by news dog ZEBI.

Speaker 3 (01:12:48):
All right, just a quick update on what's going on
at Parliament. This is not to do with the Maldi Party,
you'll be pleased to hear. It's about a completely different
subject altogether. Parliament has banned the MPs and staff over
there from using the new Ubrey type ride sharing thing DEDI,
which launched I feel like July this year. Problem is
it's Chinese owned. So what happened is Yesterda, our Parliamentary

(01:13:09):
Service sent a message to MPs and staff saying that
the app's going to be removed from all of the
corporate phones, the phones that have been issued to them
by Parliamentary Service, and if they're using d D on
their personal phones they need to also then take it
off remove the apple together. They say it has been
determined that the risks associated or posed by d D
are not acceptable in the current parliamentary environment. Remember that

(01:13:29):
they did the same thing with TikTok, so I think
we should expect a little bit more of this to
come with the old Chinese technology in the future.

Speaker 14 (01:13:37):
Now.

Speaker 3 (01:13:37):
I meant to say this yesterday and I didn't get
a chance to get around to it, but I think
it is worth raising this. This is ree Stewart Nash
and what has gone down with him being on that
trip and then booted off. Right, So yesterday what happened
is Newstalk zb's news team unearthed a bunch of texts
that have been sent by Stuart Nash to Todd McLay,
who's the minister in charge of this trip to the US,

(01:13:57):
the trade trip. So if you don't remember what how was,
and this is chronologically what happened. Nash made those crass
remarks about what a woman is and as a result,
Todd McLay then dumped Nashi from the US trade trip.
So then Nashi, we didn't realize this until yesterday, sent
him across text and complained about it. And then there
was pretty much radio silence, and the official story was

(01:14:19):
the story Nawhi was telling the media, which was that
he pulled out of the trade trip because his son
had broken his leg. But then things got a bit
weird about a week later, this is mid September, when
Todd McClay said the opposite. He said, actually, no, I
dumped Stuart Nash. He didn't pull out. I dumped him
because of his comments. So this is where the this
is an important text in this Nash sends this test Todd.

(01:14:41):
The deal I had with Peter Crisp, who's the interim
invest New Zealand chief executive. The deal I had with
Peter Crisp is that if I withdrew from the trip
on Thursday, my name would not be mentioned and that
the story would not be that I was asked to withdraw.
Now this I think for anybody who doesn't watch politics,
this is illuminating because this is how politics were works.
Todd wanted to try Nash off the trip, so Peter

(01:15:03):
coord Nash and so you need to withdraw from the trip.
And if you don't withdraw, we're going to sack you.
So to save face, Nash withdraws from the trip. That's
how politics work. So it's the same with Adrian Or.
You know how Adrian or quit so that he wasn't fired.
Same same what an insight eighteen past six.

Speaker 1 (01:15:20):
The Rural report on hither do for see Alan dreve a.

Speaker 3 (01:15:23):
Miss McKay who's hosting the country for Jamie mckie's with us. Hello,
haymish Heather now am I'm very well, thank you. Now,
see Winston's complaining about this like littali steel or however
you pronounce it, and he reckons there's going to be
bonuses for the executives at Fonterra for stitching the thing together.

Speaker 23 (01:15:40):
What do you say he's come off the long run,
hasn't he he's dugging in shore. It's a real bouncer
from Winston because this thing looks like it's the lady
on Masia happening. Farmer's going to get half a million dollars.
But this is a bit of a curve ball about
Miles Harrell and the rest of them, and he's sort
of Winston's saying, you know, they're going to take their
big check and or off, so to speak, which you know,

(01:16:02):
I think that would probably raise a few shackles. I
would have thought that one or two might get a
little bit upset about that. But you know, like and
then the other thing, I quite like what went to
the saying is you know, where's our pride in our
in those brands, those Kiwi brands that have been established.
And he's also thoroughly stressed and right, you know, it
seems like it's an eight to ten year deal to
provide the milk, but you know he's wanting to see

(01:16:23):
a bit more surety around that. So yeah, so they're
going around the meetings at the moment, going around the
farmers and you know, telling them how much they're going
to get and what it all means. But he's just
kind of like just while it seemed like a done deal,
he's probably just put a little bit of color into
the water that's going under the bridge at the morment.

Speaker 3 (01:16:42):
Very interesting. Now I've got to say thank you to
you because you've you've literally stepped off a stage to
talk to us say.

Speaker 23 (01:16:47):
Yeah, yeah, well, I'm just I'm down at Wayaki golf
Course of the beautiful Waacky golf Course for it's a
charity fundraiser run by PTS Logistics out of the Manor
were Too for Farmstrong and being Mental Health to win
a sweet gum. Yes, I'm up on a stage at
the moment with Wallaby coach Joe Smith, Blues coach Burncotta,
I'm up there with Sam Whitelocke and everything. But I

(01:17:09):
said I had a priority and that was you and
everybody in the room. Everybody in the room just let up.
Ever it was like a ticket to anything that I
could do. And when I said, she'll even let me
mention the event I'm at. You know, I said, here
there is so bloody lovely she and so you know,
so you you know you're upper lights here tonight.

Speaker 3 (01:17:31):
You know what, it is no surprise to me that
you are married when you with that kind of carry on,
because geez, honestly, I mean talk about buttering up. Hey,
can I just ask you a favorite? Can you find
a cupboard for me and just push Joe Schmidt into
it and lock it.

Speaker 23 (01:17:46):
He doesn't coach. That's not a team to beat us.

Speaker 14 (01:17:48):
Yeah.

Speaker 3 (01:17:48):
I don't want to go back to the Wallabies. I
just want to keep him here, kind of like a hostage.

Speaker 23 (01:17:52):
We need him because you know, if Raser ends up
doing a day knoles or something, you know, who knows
what the story is there. You know we need Joe.

Speaker 18 (01:17:59):
Get right up. I'll keep him.

Speaker 23 (01:18:00):
I'll tell him. I'll tell him that you you said
that he has to coach the all black sets. I'm
just going to make it up.

Speaker 3 (01:18:05):
Oh my goodness, I need to get myself in so
much trouble. Hamish, go and enjoy yourself, Hamish mackuy hosting
the country hither as a farmer. We are so very
anti this Fontira brand sale. The infogiven has been so slanted.
Not surprised if the bonuses are massive one of the
main arguments, as the brands are not returning an investment,
will slap me silly but should the boards be making
it so? Shouldn't the board's job be making it so?

(01:18:27):
It's probably probably probably a fair point. But I particularly
like the the phrase slap me silly, and I shall
get adopting that six twenty two.

Speaker 1 (01:18:35):
Whether it's macro micro or just plain economics.

Speaker 2 (01:18:38):
It's all on the Business Hour with Heather Duplicy, Allen
and Mass for Insurance Investments and Kiwye Safer you're in
good hands us talks.

Speaker 3 (01:18:47):
That'd be Hey, you know that Fiji Airways plane that
was circling christ Church Airport, It's finally managed to land.
It was circling it for ages because it had to
burn off fuel before it could land. And Jesus, I
tell you what you want to take a take a
look at the photographs. There is an enormous dent in
the nose of the aeroplane because it had a bird
trigger warning. You know how TVNS did the trigger warning

(01:19:08):
the other day because they were gonna be there was
gonna be meat. Carcass has been cut up on it.
I feel like, in the spirit, in the spirit of
TVNS inid trigger warning, I think you can still see
some of the birds blunt there, So don't be looking
at that unless you've got a strong stomach or don't
care about birds, which is also possible. Twenty five past six.

Speaker 1 (01:19:26):
There's no business like show business.

Speaker 3 (01:19:33):
Yes, this is nine inch Nails. And there's a reason
we're playing you nine inch Nails because we're discussing the
most polarizing film of the year. This is a Neutron movie. Now,
that's the franchise about those guys who live in a
computer and their ride motorcycles around and battle each other
with the motorcycles. And I'm not entirely sure who was
who watched the original movie back in nineteen eighty two

(01:19:54):
and said, yes, we need to continue this franchise over
forty years later, but someone did, and it's out today
and it's called tron Aries. And this time, instead of
a man going into the tron world, the tron world
comes into our world.

Speaker 23 (01:20:07):
So much talk of AI and big tech today vir
twelve worlds, what they can to look like.

Speaker 3 (01:20:14):
When will we get there?

Speaker 1 (01:20:18):
Twelve folks, We're not going there.

Speaker 14 (01:20:23):
Today?

Speaker 6 (01:20:24):
Are coming here?

Speaker 2 (01:20:25):
Now?

Speaker 3 (01:20:25):
All of that weird sound that you heard in the background,
all that stuff, that's thanks to the film's composers who
just happened to be Trent Reznor and Atticus Ross from
Nine Inch Nails, which is why we were playing Nine
inch Nails. Yeah, yeah, yay. They made it big as
composers in Hollywood, and you'll know their score from the
movie Challenges, where Zindaia is a tennis player. Great soundtrack

(01:20:49):
apparently for a morning run, says Sam the producer. Anyway,
the back here with their signature industrial sound. The film
is getting really mixed reviews because it's super polarizing. It's
got fifty four percent on Rotten Tomatoes, and the main
reason that people are saying it's bad is because of
Jared Letto, who's in the main role. Because most of
us think that he's a bit of a creep to
look at and quite off putting. Apparently, according to Sam

(01:21:13):
the producer, there is a fair number of people who
also look at him and think, Wow, that guy's a
hot babe. But he is a little bit like a
hot baby. He's a dark hot babe, asn't he is,
but weird anyway. But if Jared leto and crazy motorcycle
chases are your thing, like that's quite the Venn diagram,
then go and check out tron aries at the cinema
this weekend. Actually, can I just say, okay, I'm watching

(01:21:35):
the third season at the moment of what's that show
called that I've been talking about Beatie and just like
that and just like that the Sex and the City.
I'm on season I'm on episode two, so I'm only
just starting. But geez, that guy's a creep who she's
going out with? They what's his name again, Aidan Oh?
Isn't he a creep? You know what? It's weird because

(01:21:55):
in the entire seasons of Sex and the City I
never realized what a creepy is. But he is a
creep anyway, they tell me. It gets worse as the
season goes on, so don't give me any spoilers, but Aiden,
who what a jerk? News is next.

Speaker 2 (01:22:12):
Everything from SMS to the big corporates, The Business Hour
with Heather dupic Ellen and Mads for Insurance Investments and
Huey Safer and You're in Good Hands News.

Speaker 1 (01:22:24):
Talks edb.

Speaker 3 (01:22:32):
Inder Brady out of the UK with us in ten
minutes time. Grant McCallum, who is the MP for Northland,
is bugging me and he's not irritating me like he's
hounding me. He wants me to get a message out
and I think it's probably fair enough and this is
what makes him a great MP for Northland. He is
calling on Northland parents to get their kids vaccinated immediately
because the measles outbreak out there. He wants if you've

(01:22:54):
got kids in the Northland region, he wants you to
check where your kids are at with your vaccination status
for them and then if they're not vaccinated, it up
to you want to get them vaccinated up to day
because you don't want your kids to get measles. And
the problem with Northland is that we have a target
nationally of getting I think it's ninety five percent of
kids under the age of two jabbed for the MMR,
and I think in Northland it's sits somewhere like seventy

(01:23:16):
two percent, so it's well short. So yeah, there we go.
Grant will now lay off me because I've done the
thing he asked me to do, and it's also for
the better of the people of Northland, so I can't complain.
Twenty four away from seven now, AI investments still on fire,
but there is growing concern that it may be a bubble,
and there's also a sense that maybe we're seeing a
few things that are quite similar to the dot com

(01:23:36):
boom bust, Vendor financing, artificially inflated demand and so on.
Sam Dicky from Fisher Funds is with us. Hey, Sam,
what exactly is vendor financing and why should investors care
about this?

Speaker 24 (01:23:48):
Yeah, it's quite normal in many industries, so when supplies
lend money to customers specifically to buy their own products,
essentially paying customers to be customers. And it's often used
in small business sales or equipment sales when the buyers
otherwise can't get credit easily. However, it is also used
at big turning points in technology when massive, bold investment

(01:24:12):
is required, and when supplies start leading billions of dollars
to customers so they can buy their own products. It's
arguably artificial demand, and history suggests we should stand up
and pay attention.

Speaker 3 (01:24:24):
Now, how does today's AI vendor finance and compare to
the dot com bubble?

Speaker 24 (01:24:29):
Some similarity? So in two thousand, let's use Lucent as
the poster child. It made networking in telco equipment required
for their early internet and mobile bone, and they and
others were lending to large telcos but primarily small startup
telcos and internet service providers to stoke demand for their product.
And the thing was those small telco customers had were

(01:24:52):
burning cash and had stretched balance sheets. Now today in Vidia,
AMD and Oracle are funding customers like open Ai, the
owner of ch GBT and Carewe who's a sort of
data center provider, to buy their chips or space and
their data centers.

Speaker 1 (01:25:07):
So definitely some similarities.

Speaker 24 (01:25:08):
And for context, in two thousand, loosent in co leant
around twenty five billion dollars, which was about one hundred
and fifty percent of their earnings back then. Today the
number is greater than one hundred billion, but it's a
smaller percentage of earnings because the balance sheets and cash
flow generation of the companies today, both on the on
the vendor side so in Video and Co, but also

(01:25:30):
that their big customers like Meter and Google are significantly
healthier than loosened to the startup customers so it's not
nearly as severe as two thousand yet. And at one
point in two thousand, just for context, loosen wasn't even
selling equipment anymore. It was just giving stuff away on
credit and calling it a sale. So there was some
fraud back then, as well.

Speaker 3 (01:25:49):
Yeah, what are some of the warning signs that we're
seeing today.

Speaker 24 (01:25:52):
I think it's apart from the circular nature of this
the money merry go round, it's the sheer scale of
the deal. So you and I talked last week about
the staggering deal where open ai sign a contract to
pay Oracle three hundred billion dollars over five years. Yet
open ai itself only has fifteen billion dollars in revenue
in total today and it just signed up to pay

(01:26:12):
one of its supplies three hundred billion dollars and the
other one is AMD, which is sort of the the
big La LaGG out or the poor man's in video.
They signed away ten percent of their equity to open
Ai as a customer, just so open Ai would buy
lots of its chips so it could try.

Speaker 6 (01:26:27):
And catch up to in Video.

Speaker 24 (01:26:29):
And that The final one to keep an eye on
is the fact that a lot of the credit or
the loans are being backed or collateralized by these Sameai chips,
which actually is quite reminiscent of how Loosen's customers used
overinflated telecom spectrum licenses back in the day. Is collateral
for the debt?

Speaker 13 (01:26:47):
Right?

Speaker 3 (01:26:48):
Well, what does this mean for investors?

Speaker 24 (01:26:51):
And no doubt that some floppy signs and even today
you saw the Bank of England and the IMF warning
people about the risks of AI. What we don't know
is how much longer this exuberance can continue for and
for now, and this is important. The primary customers of
these AI chips are companies with incredibly strong balance sheets
and cash generation, and that is quite different than two thousand.

(01:27:13):
But we do need to keep an eye on this.

Speaker 5 (01:27:15):
Header.

Speaker 3 (01:27:15):
Yeah, interesting stuff, Sam, thank you very much, appreciate it.
Sam Dickie Fisher Funds twenty away from seven.

Speaker 1 (01:27:20):
Heather dup CLA.

Speaker 3 (01:27:22):
We're putting a lot of texts saying that one news
hasn't even mentioned the hucker that happened in Parliament today,
which are fine, remarkable. I mean, there will be some
who will be absolutely thrilled about this, obviously because it's
done for publicity. So if you give it publicity, then
you encourage it to happen again, which is what happened
last time. But it is also quite a weird thing
to just completely ignore that this has happened. I mean,

(01:27:44):
if and I'll tell you why, I don't love ignoring
it because the Maori parties trying to do this reset
right right now and be taken seriously, start to kind of,
you know, pull its horns in, get the behavior under control,
maybe look a little bit more kind of mainstream rather
than the radicals they have been. I think what happened

(01:28:05):
today in the with the hukker in Parliament is a
really great example of how hard that's going to be
for them, right because they may get Debbie and Rawari
can say, okay, guys, we're going to be serious, are
going to release some serious policy. We're going to quit
the genocide language and all that kind of stuff, stop
giving the finger to the colonial and construct that is Parliament.
But then it's very hard to tell Hannah Ters he

(01:28:26):
might be Clark and already need to do that, and
all the supporters and stuff, because next minute they're doing
a hukker and they're giving the middle finger to the
colonial construct that is Parliament. Do you know what I mean?
So if you don't broadcast the hooker that just happened,
if all you're talking about on one News is all
look at the b reset and they're going to be
grown ups now and be serious, you don't show that
they're failing at the first hurdle.

Speaker 22 (01:28:44):
Well, I.

Speaker 3 (01:28:47):
Feel like that's not the full story anyway, Tory. So
Tory pops up again. So yesterday she gave her final
speech and I thought, okay, well that's the end of that.
Tory keeps on delivering the news bombs. The latest is
that Wellington City Council spent seventh thousand dollars on a
painting of her when the rules say that they will
commission nor more paintings of them former mayors because they
need to save money and they're going to stick to

(01:29:07):
the photos instead. The Wellington the City Council says it
was done in error. Come off it, mate, how do
you do a painting an error? I mean painting is
a little bit more than one moment. Anyway, they said
they'd misunderstand the rules, because of course they misunderstood the rules.
That's no surprise at all. Now, in the spirit of
coming to the defense of Tory, which apparently is the

(01:29:27):
thing that I'm doing in the last couple of days. Look,
obviously they shouldn't have done this, and they should have
done the photo and this is just another example of
them wasting rate payers money. But seven thousand dollars for
a painting is actually quite cheap because fran Wilds was
nine thousand dollars and that was back in nineteen ninety five,
which is thirty years ago. So you add inflation to that,
that'll be a hell of a lot more than nine

(01:29:48):
thousand dollars. Mark Blumski's was eight and a half thousand
dollars and that was in two thousand and one, and
what's that twenty four years ago. You add inflation, it's
a lot more. And it's not like painting is a
technology that somehow cheaper and cheaper is that it's probably
the opposite. Were paying more and more for time anyway,
also loved the brief that Tory gave the painter. Has
admitted giving the painter mana serving diva seventeen away from seven.

Speaker 2 (01:30:13):
If it's to do with money, it matters to you.
The Business Hour with.

Speaker 1 (01:30:17):
The header duper c Ellen and maz for.

Speaker 2 (01:30:20):
Insurance investments and Kuye safer and you're in good hands
news talks, that'd be yeah.

Speaker 3 (01:30:25):
So the German has gone back and had a look
and in fact one news, what did one News do?
They didn't cover it at all. They did a Mikey
did a thing peace to cam and she just talked
about the Marti Party's reset and then a clipped from
all any speech and then no mention of the hiker,
Like that thing did not happen, and like the speaker

(01:30:47):
didn't suspend the house, and like the feed wasn't cut.
None of that happened. Fourteen away from seven Ender Brady
UK correspondence with us Helo Enda, Hey how are you?
I'm well, thanks very much. The toy is are going
to scrap the stamp duty.

Speaker 6 (01:31:00):
They are, so they've finally got some headlines in the UK. Look,
it's been a long time kemmy Badenoch not punching through
at all. Her position as actual leader of the opposition
has been usurped by Nigel Farage for quite some time
because he just wants to talk about migration and how
bad Starmar is in the handling of it. So Badanock
has come out with the Conservative Party conference this week

(01:31:20):
with a big keynote key policy that if she's elected,
she will get rid of stamp duty all property purchases.
It's the bane of people's lives. It's another form of
taxation on the money. You've already earned to buy the
house in the first place, and she's saying that she
will get rid of it now. I just my mind boggles.

(01:31:40):
Stamp duty is never going to be got rid of.
The budget as it stands is going to be difficult.
Stamp duty brings in somewhere in the region of eighteen
billion dollars a year for the UK government and Kenny
doesn't seem to have done her suns. But look, it's
a look. If they make me Prime Minister, I'll give
everyone a see figure salary and no one has to work.

(01:32:02):
Doesn't work?

Speaker 1 (01:32:03):
You know, it's just mad.

Speaker 3 (01:32:04):
But this is what happens, right, So how many people
are going to believe it? Or are people actually irrational
enough to hear it and go nah, that's just dreaming.

Speaker 6 (01:32:14):
I think if you went out on the streets today
and said to people this woman kemmy Badenoch, a lot
of people would say who is she? And then they
would say, okay, yeah, but what about the migrants because
Nigel Faras says he's going to send them all home?
Oh and by the way, haven't you got an Irish accent?
When are you leaving? That's the standard of political debate
in the UK at the moment, Heather, I'm sorry.

Speaker 13 (01:32:33):
Not good. Iye.

Speaker 3 (01:32:34):
What's it like in France?

Speaker 14 (01:32:35):
Though?

Speaker 3 (01:32:35):
Are they about to get another PM?

Speaker 6 (01:32:38):
So, yeah, it's very interesting what's going on. They've lost
three prime ministers, or rather I should say Macron has
lost three prime ministers in twelve months, and the whisper
is that there will be another announced in the next
forty eight hours. But I think the big problem coming
down the line is the budget. Whoever comes in as
Prime minister, they need to get the budget over the

(01:32:59):
line and they need to start saving money because the
French government is quite simply spending more than his coming
in in tax chaos in France.

Speaker 3 (01:33:08):
Yeah. Interesting. You watch the Clarkson's fan, don't you.

Speaker 5 (01:33:13):
I do.

Speaker 6 (01:33:13):
I love it, And there's a little bit of a
development done that today.

Speaker 3 (01:33:16):
Now I don't watch the Clarksons fam, so you're gonna
have to tell me all the background on us.

Speaker 6 (01:33:22):
So take Jeremy Clarkson, who makes top gear for decades
and basically some people love him, most people kind of
are in the middle, and a lot of people hate him.
He goes off and he buys a farm in West
Oxfordshire and he starts filming and he makes a TV
show called Clarkson's Farm. He has done wonders for the
farming sector. I would say, not just in this country,

(01:33:44):
people all over the world are getting more of an
understanding of just how bloody hard it is. And I
speak as the grandson of dairy farmers in Ireland, how
bloody hard it is to make a living off the land.
So he's gone and done this. Caleb Cooper is a
young ox rich farmer who has become very very well
known in England off the back of being kind of

(01:34:05):
the farming brains of the operation. And he's like, you know,
he's he can occasionally come across as a bit of
a fool, but he ultimately makes Starkson look the fool.
He is today getting on a plane for the first
time in his life. He is going to Australia and
they're going to make a little farming documentary for four
months in Australia about farming down Under. So Caleb Cooper

(01:34:26):
having he's never even been on a train, I think
I heard him say once on the podcast. So now
he's flying to Australia and good on Jeremy Clarkson, because
he's kind of shone a light not just on farming,
but he's helped this young man achieve things that are
just astounding and brilliant. And I love it.

Speaker 3 (01:34:42):
Yeah, brilliant, love it. Hey, thank you very much. Inda
Indo Brady UK Correspondent. When I sit to Inda, I
start with them. I didn't mean, like right at the basics.
Did understand that Jeremy had done a show called Clutson's
fam But I didn't mind it, didn't mind it at all.
By the way, just because we have been covering the
firefighters warnings that their trucks are falling apart, I have

(01:35:03):
another example of the firefighters warning and being proven right
that their trucks are falling apart. So there was a
fire last night in Herne Bay. There was a house
under construction and I think the top story it caught
on fire. Whatever. The fire truck that was first sent
was the one from the Graylan fire station. Now, if
you know where the Grayland fire station is, you know

(01:35:24):
that it's on Williamson Av. Right, So it looks like
the firefighters pretty much made their way up Williams and
Av around the corner onto Ponsber Road and broke down.
And that is as far as they got and then
basically had to sit in a bus stop and wait
for I don't know what. They took a photograph and
put it on social media to kind of prove their point.
Had they actually got out, they would have been the

(01:35:46):
first fire appliance at the fire and would have started
fighting the fire before all the other ones started arriving.
But yeah, pretty worrying. I mean, like, it's not great
when they warn about the thing and then the thing
keeps happening and they keep warning about the thing and
nobody actually does anything about it. But then they do
buy them some new fire trucks, but the new fire
trucks are so small we have to cut holes in
them for the gear. That's not a great situation, is it.

(01:36:06):
Nine Away from seven It's the.

Speaker 2 (01:36:09):
Heather Tooper c Allen Drive Full Show podcast on iHeartRadio
powered by News Talk zebbi.

Speaker 16 (01:36:16):
O.

Speaker 3 (01:36:17):
Holy listen. Because we've done a lot of television, I
need to tell you. The other thing in television that
is actually quite a big deal is that the two
what are they called the two Chasers have been confirmed
for the chase when it comes down and the kiwis
you know Kiwi contestants get to take part. It's going
to be the Governess, and then it's going to be
the new one from Ozzie, who's the super called the Supernerd.
Now nobody knows who the Supernerd is. I mean, he's
been there five minutes. But the Governess, I'm told, is

(01:36:39):
like the face of the chase. So that's pretty cool.
So that kicks off, and I'm actually here for this
because I love Paul Henry, love him, and he's hosting
the thing, and i'd watch it. I'm honestly going to
watch it just for Paul Henry, just for the lolls
that that man's going to deliver. But there you go.
Now you've got Paul Henry and the Governess and the
other one from Australia who doesn't really matter anyway. There

(01:37:02):
is a bridge in China that has been constructed that
is like something out of my worst nightmare. You don't
I almost want to say, go and look at it,
but I feel like there's a trigger warning attached to
this that is probably greater than the trigger warning attached
to the plane that struck the bird. This bridge is
the highest bridge in the world. It's in hua Jiang
hua Jiang Grand Canyon, bridge in southern China. If you like,

(01:37:27):
just to paint you the picture right, like as like
a proper canyon. Right, you got one side, and you
got the other side, and then you've got quick right
down at the bottom, and this bridge goes across right.
And the bridge when you're standing in the middle and
you're looking down at the bottom, it's a fall of
six hundred and twenty five meters to the valley below.
So if you get if you have a fear of heights,
and if looking down gives you the willies, which is me,

(01:37:47):
you're not gonna wun to cross it. But then I
know what you're thinking, We'll just shut your eyes and
walk and get over it.

Speaker 2 (01:37:52):
No.

Speaker 3 (01:37:52):
It's also the world's longest bridge in a mountainous area,
so in order to get from one side to the
other side, the thing is three long. Now, I don't
think the three k's is like spanning the edge to
the edge of the cliff, do you know what I mean?
I think that that danger zone where if you fool
you die from like it's stepping off again. Now there's
a valley below me to oh, the valley's behind me.

(01:38:14):
That is about one point five k's one point five
k's every k takes you ten minutes to walk. You
would have to walk for what fifteen you'd have to
walk for fifteen minutes to get back into safety. Good, hideous, hideous.
It was like my worst nightmare, Libby.

Speaker 25 (01:38:29):
From one bridge to another. I've got a bit of
a dell with water under the bridge to take us up.

Speaker 3 (01:38:34):
We didn't even plan this. It's like we're on the
same team as it was. Hive mind.

Speaker 25 (01:38:39):
You kind of called this the other day. But Taylor
Swift has broken some records with her album. She's broken
Adull's previous streaming eero record, because that's what we have
to differentiate now. Yes, Adell in twenty fifteen with her
album twenty five sold three point three seven eight million
copies in the first week.

Speaker 3 (01:38:59):
Apparently it's a lot of amazing love albums.

Speaker 25 (01:39:01):
Those are both physical and digital. But The Life of
a Show Goal by Taylor Swift has sold three point
five million in the first week, so she's kind of
smashed it out.

Speaker 3 (01:39:10):
The part brilliant stuff she's she's I mean, you know,
she's she is impressive. We can say, yeah, we can
say that, all right, We'll see you tomorrow. Tomorrow is
a wonderful day, isn't it? Because's Friday? Enjoying the evening.

Speaker 7 (01:40:06):
Having deliverage

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