Full Show Podcast: 22 October 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The only drive show you can try to ask the questions,
get the answers, find a fact and give the analysis.
Heather duplicy Ellen Drive with One New Zealand and the
power of satellite mobile news talks.

Speaker 2 (00:15):
There'd be afternoon.

Speaker 3 (00:17):
Welcome to the show coming up today, it's the Mega
strike tomorrow. Is there any chance of a last minute
call off? We'll talk to the Public Service Commissioner after
five officials. Health officials are worried about Measles Nicky Turner,
the immunization expert on the show and in New Zealand,
is having a rough old time, isn't it? Will have
a chat to the Shareholders' Association.

Speaker 2 (00:34):
Heather duplicy Ellen, Right well, and.

Speaker 3 (00:37):
Yet another frankly welcome sign that the world's climate overhype
may be over, or at least correcting. The latest is
that the government has announced it's now easing the rules
on how much compulsory climate reporting the big listed companies
have to do. Now, I don't blame you if you
feel it this minute like your eyes are about to
glaze over, but do not let that happen. So this
is actually much more important than it sounds. This goes

(00:57):
back to the bad old days. I've just said that.
Twenty twenty one, when then administration brought in rules forcing
large publicly listed companies to report to shareholders the impact
that climate change may have on them, it was world leading,
it was groundbreaking. It was incredibly expensive. Turners, the car
company reckons that their first report, which only runs to

(01:20):
seven pages, cost them one million dollars to produce. Some
companies have told the relevant Minister, Scott Simpson that it
cost them two million dollars to produce their reports. The
ones who are getting off easy here are still paying
apparently close to two hundred thousand dollars. Veteran director Johan

(01:40):
Withers famously complained about this in July when she said
that climate reporting was taking up more of her time
than preparing financial statements, which is the actual thing that
shareholders are interested in. And that is completely nuts. And
for all of the money and all of the effort
that these businesses were putting into it, not one carbon
particle was saved from going into the atmosphere. It did

(02:02):
not bring down anybody's emissions. That was not the point
of it. It was simply to talk about it, and
the money was just wasted on paperwork instead of being
reinvested into the business to raise productivity, which is the
thing that should we should be laser focused on in
this country. Now. I applaud the government for doing what
it has done today, but it does not go far enough,
because they've only eased the rules for the smaller companies,

(02:24):
so about eighty eight of them will now not have
to report, but seventy six of the big ones are
still going to be required to do this utterly pointless, expensive,
unproductive exercise. If it is pointless and expensive and unproductive
for the small companies, it is also pointless, expensive and
unproductive for the big companies. The government should go further
than it has today.

Speaker 2 (02:43):
Ever, dup c Ellens.

Speaker 3 (02:47):
Nine two nine two text understand a text fee supply.
Barry Coates, who's with Mindful Money, completely disagrees with me.
Oh this, He's going to be with us in about
an hour and a half half plast five. He'll have
a chat to us. Now, if you are a regular
listener to the show and your house users, you'll have
heard me telling you might want to think about switching
to electricity or maybe switching your gas provider or whatever.
And that's because we're running out of gas right and
two days ago we got the news that Contact is

(03:09):
putting up prices by about seventeen percent for thousands of
people who use gas. Master Plumber CEO Greg Wallace thinks
though that switching to electricity might not be the right
decision for everyone, and he's with us now, Hi, Greg.

Speaker 4 (03:21):
Oh, good afternoon, Heather.

Speaker 3 (03:22):
Why not.

Speaker 4 (03:24):
Look, it's the capital cost so we're getting. I mean,
let me be clear, though, we're not against heap pump
hot water technology. We're not against solar in these electra.
It's horses for courses and people have to make decisions.
Two tear market though, you just need to remember. Are
remind listeners that LPG in the South Island no shortage

(03:44):
of LPG at all. Yes, there's some price pressure for that,
but no shortage of LPG, and we do have LPG
reticulated in some places in the South Island. What we're
getting is inundated with consumers investigating, particularly about heat pump
hot water. But the costs are anything between five and
a half to ten thousand dollars to change over, So

(04:07):
that capital investment is a considerable investment and that payback
takes some time.

Speaker 2 (04:12):
How long So well, we.

Speaker 4 (04:14):
Estimate that would be about five years for most people
to get that payback on that capital investment of heat
pump hot water. Now, heat pump's great, it's a big tank.
It has to go somewhere. Unfortunately, most of our cylinders
are in the seventies, eighties, and nineties were all installed
in the middle of the house with a linen cupboard,
and to retro fit that is pretty expensive. You're going

(04:38):
to have space for it, and you've got to have
that the usage because we're actually fitting a lot of water.
You're heating up to three hundred and twenty liters of water,
and so if you're a couple, that may not be
your best choice. If you're a low use of uses
of hot water.

Speaker 3 (04:57):
Trouble is right, So you can you can, you can
do it now and then you can get you you'll
be breaking even in five years, or you can wait
for five years and then do it and then you've
wasted all your money on gas for the last five years.
Look again, gas is not going to get cheaper at
any point ever in the future, is it.

Speaker 5 (05:17):
No.

Speaker 4 (05:17):
But my point is also is electricity going to remain
the same or we're going to have the same without
a gas and a competitive energy sector, whereas the electricity
price is going to go hither. The other point is
biogas is real, and so in Denmark this year they
will produce it close to forty five percent of biogas.

(05:38):
And that is taking the food scraps. And we've got
one plant in central North Island and we've got another
plant opening in christ Church that's taking food scraps that
don't go to landfall and turning that into biogas and
that can go straight into the natural gas pipeline. Now, Denmark,
by twenty thirty, one hundred percent of their gas will

(06:02):
come from biogas. We should be investing in that technology.

Speaker 3 (06:06):
But that's also sort of unicorn stuff at the moment,
isn't it? Like that's not real? If you if you're
sitting there, and I appreciate your enthusiasm about it, but
at the moment, if you're if you're thinking about switching
saving money electricity, is this is a different thing altogether?
Can I ask you?

Speaker 5 (06:21):
So?

Speaker 3 (06:22):
I've got in my house in the lounge, I've got
one of those those heater is a gas heater that's
supposed to look like a real fireplace, you know, the
one that's got the little like loggy things and looks
this is sort of a cozy and stuff. Should I
be thinking about ripping that out and putting something electric
in there?

Speaker 4 (06:40):
If you've got gas connector now that actually that device
is actually very energy efficient? Is it to hit your home? Yeah,
and so they're.

Speaker 3 (06:48):
More energy efficient than some electric system would have been.

Speaker 4 (06:53):
Well, you can put a white box on the on
the wall in that heat them, yes, and that will
be more energy efficient. But the gas flame effect fire
that you've got a very energy efficient.

Speaker 3 (07:07):
Okay, as you say you can get the sort of
the sexy romance with the.

Speaker 4 (07:11):
Flame that's important in your health.

Speaker 3 (07:15):
You can't quantify that, like you can't say how much
that's worth. Okay, what about if you want to disconnect
gas that in and of itself, greg is hugely expensive,
isn't it just turning it off?

Speaker 2 (07:25):
Yeah?

Speaker 4 (07:26):
Again, and so misinformation South Island LPG and so no
disconnection fees because they use bottles North Island US. There's
some disconnection fees there. I mean, I just also want
to point out that going to the holiday period, there's
a lot of people that have cribs, batchers, and holiday homes,
and we've got a big Airbnb rental in the market now.

(07:46):
For those homes that aren't used for one hundred percent
of the time, storing hot water is again not a
sensible option, and so having gas or an infinity or
integrity system and it's actually a good choice for those people.

Speaker 3 (08:02):
Yeah. Actually that's a fair point that you make, although, Greg,
don't forget in a natural disaster, I'm going to be
drinking water out of my hot water cylinder and what
are you going to be drinking.

Speaker 4 (08:11):
I'm going to have my stormwaterer that I've stored on
the side of my house and I can just open
the tech.

Speaker 3 (08:16):
Yeah, you're already prepared for it. I like that, Greg,
Thanks very much, mate, look after yourself. Greg Wallace, Master
Plumbers CEO. Listen if you enjoy Katan. You know the
board game Katan. That's actually probably one of the better
board games out at the minute, isn't it. It's coming
to Netflix. Deadline is reporting that it could involve live
action and animated films, as well as scripted and unscripted
projects and video games, And I honestly can't tell you

(08:36):
what the hell that means. I don't know what it means.
But I'm thinking about this. I think the most obvious
way to make Katan come into television is just like
a reality TV show, isn't it where you've got at
what ants?

Speaker 6 (08:49):
Isn't it we're wiki game show where you just mold
play guitar. No, you are the player. The human is
the player who's trying to like battle for resources, and
then there are thieves roaming around, like think about it.

Speaker 3 (09:02):
Is it not obvious to you?

Speaker 6 (09:03):
Well, no, you'd just be designing a different game though
when you and you just be calling it Katar for
the out of the IP.

Speaker 3 (09:07):
I was just trying to figure out how this would work. Anyway,
they're gonna make it work. It's the third board game,
so they obviously have some sort of a plan here.
That's the third board board game. Netflix is turning it
into turning into it Tally because they're doing Includo and
they're doing Monopoly, and if you can figure out how
either of them turn into Tally, we would also appreciate
that Full sixteen.

Speaker 1 (09:26):
It's the Heather to Bussy allan Drive full show podcast
on iHeartRadio powered by News talk z'b.

Speaker 3 (09:33):
Hither that Plumber is dreaming about biogas. We have one
hundred and fifty four petadules of gas to replace by
twenty twenty nine. That is the equivalent of twenty nine
Huntly power stations. And by the way, disconnecting a house
safely costs two and a half thousand dollars per house.
It's from Leicester. I told you it was expensive. Nineteen
past four.

Speaker 1 (09:50):
Sport with the tab app download and get your bed
on ri eighteen bit responsibility.

Speaker 3 (09:56):
It's with Sports Talk Hoosters with us out of Allie.

Speaker 7 (09:57):
Hello Heather, here's the tickets available for this. This is
tomorrow night at Eden Park. You know were the flagship
games of the summer. You would have to think black
Caps England. They did a deal yesterday twenty five dollars tickets.
That did for about twelve hours. But there are still
bucket loads of tickets.

Speaker 3 (10:12):
How many like half the stadium, A quarter of the stadium.

Speaker 7 (10:15):
I would say more than half the stadium. I look
at the ticket map. I mean it's hard to get
an exact number, but I looked at the ticket map
about twenty minutes ago. Buckets a ticket. Now it's probably
going to rain in Auckland because it's terrible weather across
the country, but people haven't planned in advance, and that's
the kind of thing that worries me, is that people
weren't looking three or four weeks ago to go, let's
go to black Caps England and buy our tickets. So

(10:35):
it very rainy tomorrow, very rainy tomorrow. But people also
haven't bot their tickets in advance, not knowing what the
weather might be. So I think there's a little bit
of an issue there around this.

Speaker 3 (10:44):
Is it a Thursday night issue?

Speaker 7 (10:46):
Could be a Thursday night issue?

Speaker 3 (10:47):
Because tell me, asking for a friend who's going me,
what times are going to wrap up?

Speaker 7 (10:54):
Fifteen first ball? You're probably allowed three in a bed.
It's probably going to wrap up about ten thirty.

Speaker 3 (10:59):
That's quite late Thursday, it is.

Speaker 7 (11:01):
Yeah, And people getting across Auckland Kingsland's not always the easiest, so.

Speaker 3 (11:06):
By the time you you know, navigate your way out
of the cordons and stuff like that, you're getting home
at about midnight maybe probably yeah, yeah, So isn't that
part of the problem.

Speaker 7 (11:13):
It could well be. And that's the problem I've got,
is that they've squeezed this and it's not New Zealand
cricket's fault necessarily, but they've had to squeeze this two
week England tour before they go and play the Ashes
over in Australia, so you're going to have to play.
They played Monday night earlier in the week. They're playing
Thursday night. You know, these aren't the traditional Saturday afternoon
Sunday games of cricket that may Friday night that we
may be used to. Yeah, and so one, I think

(11:35):
it's a you know, it's it's a double issue that.

Speaker 3 (11:37):
Can I just suggest though, twenty five dollars to go
and see the black Caps play England in a T
twenty is an absolute bargain.

Speaker 7 (11:44):
It's a pretty good deal.

Speaker 3 (11:45):
We should just take it.

Speaker 7 (11:45):
Absolutely. He looked at some of the other prices though,
they're edging about sixty dollars.

Speaker 3 (11:49):
Oh geez, there you go. Hey, run me quickly through
what's just dropped with the silver fist.

Speaker 7 (11:53):
So high Performanceport in New Zealand basically admitting that they've
been funding sort of the reviews and external consultants to
come in and try and figure out this mess around
and the player support and the player support, So high Performance.

Speaker 3 (12:04):
Sport New Zealand is Donkey deep.

Speaker 7 (12:06):
In this well, yes, and Nolan total is on the
boards of Yeah around there as well.

Speaker 2 (12:12):
Yes.

Speaker 7 (12:12):
So it's a bit of a mess. It's not even
further into the mess.

Speaker 5 (12:17):
I don't know.

Speaker 7 (12:18):
I think this is high performance in New Zealand. That
is what they're there for. Lost their job, this is
their job to provide. The athletes are going to put
something to you.

Speaker 3 (12:25):
So somebody said to me today and this is this
was a conversation about Neckball, New Zealand. I've had two
people say this to me actually in the last twenty
four hours who have kind of like, I think, some
inside information of what's going on here. They said Neckborn,
New Zealand and suggested they're not the bad guys here.
The problem is they cannot defend themselves.

Speaker 7 (12:43):
That's que may Well be getting.

Speaker 3 (12:44):
Because of legal The legal rama's.

Speaker 7 (12:46):
An employment issue. They say something wrong in the public domain,
that's going to set them up.

Speaker 3 (12:51):
It's going to be very clear where it came from.
And then Nolan's camp will be able to take harder
actions totally.

Speaker 7 (12:56):
And so maybe they're sitting there going jeez, another day
that we're being absolutely snow by more and more criticism.
They're having to wear it and they can't get on
the front foot about this. But again, the public one answers,
and that's why you had Mark Mitchell yesterday on your show,
Willie Jackson also coming out and going, can we please,
for the love of God sort this out, because the
public is demanding and going, why hasn't Dame Loulene told

(13:18):
her there? Why do we not know these allegations? Why
does she not know the allegation?

Speaker 3 (13:21):
Well, exactly, so, I mean, I'm sorry, but what we
know makes Netborne, New Zealand look terrible, that's.

Speaker 7 (13:26):
Right, And so we're only getting you know.

Speaker 3 (13:29):
Unfair on them or do they deserve it?

Speaker 5 (13:31):
Elliott?

Speaker 7 (13:31):
Well, again, they can't defend themselves, so we don't know.
And I guess that goes back to the original point
is how do we cover the story and you know,
give both sides of the debate when we're not getting
really any side of the debate.

Speaker 3 (13:44):
Yeah, okay, that's a fair point. Allott listen, Thank you
very much. As always. Alix Smith's SportsTalk Coast be back
seven o'clock this evening for twenty three the day's newspakers.

Speaker 1 (13:52):
Talk to Heather First, Heather Duplicy Ellen drive with one
New Zealand and the power of satellite mobile.

Speaker 3 (14:01):
Hither. It's the weather. I've been planning on going to
the cricket, but I'm not going to show out heaps
of money if it's going to rain here. The lots
of people can't go to the cricket because they are
on strike. Hold on it take. That's exactly why they
can go to the cracket here, the create and the
probably well here the craig here. I've just changed from
gas hot water to heat pumps. The heat pump version.
We're saving approximately one hundred bucks a month and it

(14:21):
only costs three hundred and seventy dollars to disconnect for gas.

Speaker 8 (14:24):
I don't know.

Speaker 3 (14:24):
I don't know that gas is the solution anymore. Anyway,
You've got to make your own decisions, to your own numbers.
Listen to the Virginia Giufrey and Prince Andrews stuff is dragging on.
I'm going to get you across the andrew stuff. But
with Virginia Joe Fray, one of the details that's been
revealed in her book, which is obviously just dropped, is
and I'm not going to give you details, so don't
freak out you don't have to turn the radio off,

(14:44):
but that there was a former prime minister, she says,
who treated her very badly during sex. The book doesn't
give a name. In the US version is referred to
as a former prime minister. In the UK referred to
as a former minister. Now from what we done, not

(15:05):
naming names, But if you've been following the story, it's
not a UK prime minister, it's from elsewhere anyway. Virginia deuphrase,
longtime lawyer, was on CNN earlier where they were asked
about it.

Speaker 9 (15:16):
He did not name some of the men that she
says Epstein trafficked her too, including this quote well known
prime minister unquote. I know you can't tell me who
this prime minister is, but is there anyone who knows?
Did she tell law enforcement? Are there people at the
Justice Department right now who know who this law who

(15:36):
know who this prime minister is?

Speaker 10 (15:38):
Absolutely Virginia cooperated with law enforcement from the very beginning,
as did many of the survivors.

Speaker 3 (15:43):
I mean, she really wanted them to hold the individuals
who harmed her accountable. Dan Mitchinson is going to be
with us out of the States shortly to talk us
through this. Also, we'll get you across this business with
the Maldi Party and the burning and all the Sure
Berry's got something to say about that. News is next
news to zeb.

Speaker 11 (16:03):
Game for new person over again.

Speaker 1 (16:10):
The name you trumped to get the answers you need.
It's Heather Duplicy Ellen drive with one New Zealand coverage
like no one else news talks.

Speaker 11 (16:20):
They'd be.

Speaker 3 (16:25):
Doxactly right, like I said, very sobers us and ten
minutes time now listen on the Malory Party. I hope
Jerry Brownley doesn't overreact to the fact that they burnt
the paper on the forecold of Parliament. What the paper
was was, it was they printed out the bill, the
maccabill which is now law, and they and they burnt
it and they chucked it in a little rubbish but

(16:46):
and anyway, Jerry's got quite irritated by this. He says
he's taking advice on what to do with it. It's
the dumbest thing you could possibly do, he said, It's
highly arrogant, unacceptably irresponsible. And look, I kind of I
feel his frustration. I think all of us are irritated
by the Maldi Party because they just they're into stunts
and not they're not serious people. But what they've I

(17:07):
just I think this is not the worst thing they've done,
and it shouldn't be the thing that tips him over
the edge, right because that it's not like they were
going to set fire to the building. They had a
rubbish bin. They put the thing in the rubbish bin.
It was irritating, but it was not a big deal.
And when David Cymore drove a vehicle up the steps
of Parliament, which I would argue is actually worse and
more dangerous, he didn't get in trouble. Now, bear in mind,

(17:29):
he did apologize for it, and I highly doubt that
these two clowns are going to apologize for anything. But regardless,
I just think this is not the thing to, like,
you know, bring it all down over anyway. We'll see
what Barry Soap has got to say in ten minutes time.
Right now, it's twenty three away from five.

Speaker 1 (17:45):
It's the world wires on newstalks, Eddy Drive.

Speaker 3 (17:49):
So Donald Trump's plan meeting with potenters off. He says
he may still meet with Potent at some point, but
he doesn't want the meeting to be a waste of time.
Russian Foreign Minister Sergei Lavrov has publicly rejected a call
for European leaders to freeze the current front lines in
the war with Ukraine.

Speaker 7 (18:03):
If we simply stop, that will mean forgetting about the
root causes of the conflict, which Donald Trump's administration has
clearly understood and voiced.

Speaker 3 (18:13):
And the Veep jd Vance wants us all to be
a little bit more patient. He's in Israel, he was
asked about the recent breaches of the Garza peace Agreement.

Speaker 10 (18:19):
I don't think it's actually advisable for us to say
this has to be done in a week, because a
lot of this work is very hard, it's never been
done before, and in order for us to give it
a chance to succeed, we've got to be a little
bit flexible.

Speaker 3 (18:32):
And finally, a truckload of blueberries has spilled all over
a major highway in California. The local Highway patrol announced
on Instagram that they were closing the roll road because
it was a very sticky situation, which is good for them.
And I can tell you that based on the photos
we've checked it out. These blueberries, which is normal sized,
not those big ping pong ones.

Speaker 1 (18:55):
International correspondence with ends and eye Insurance, peace of mind
for New Zealand business.

Speaker 3 (19:01):
Jan listens in US correspondence. So that's hello Dan, Hello Heather. Okay,
So the Putin meetings off?

Speaker 12 (19:06):
Why Yeah, Well, I mean that's a good question, isn't it.
I think, just like you mentioned in the in the
World Wires, I think it's just Russia's saying, oh, we're
not gonna We're not going to stop fighting at the
at the front line right now. And you know, Donald
Trump is like, well, why go all the way to
this next meeting and spend three hours or more talking
and come out and say, well, we still are at
a stalemate. Yeah, And it looks like that is you know,

(19:28):
exactly what would have happened.

Speaker 3 (19:29):
Well, because Putin's gonna keep fighting because he's not getting
what he wants, right, which is is Zelenski to give
up land?

Speaker 12 (19:35):
Yeah, yeah, exactly. And I mean I mean he had
that that call last week with President Trump, and it
was there was a lot of speculation that we were
going to send long range Tomahawk missiles over to Ukraine
and and those are our missiles that Putin doesn't want
to see because they can go way into Russia and
Zelensky has said that it was a Tomahawk's issue that

(19:56):
forced Russia to engage in a discussion. But now apparently
Putin's saying, oh, no, we're not going to do and
Trump doesn't want to not come out with something that
he can sort of spin around as being a successful agreement,
or at least on the path towards a successful agreement.

Speaker 3 (20:08):
Listen, this business with Virginia Giufrey and the book. Is
this putting pressure on the law makers in your part
of the world to release the Epstein files.

Speaker 12 (20:16):
I you know, I don't know. I think this is
so cyclical. We seem to go through this every couple
of weeks where there seems to be a big push
and then something else in the news cycle kind of,
you know, pushes this out of the way. But again,
I mean this memoir that just came out, you know,
she talks about how she was beaten, how she was
sexually attacked by an unidentified prime minister, and that's got

(20:37):
a lot of speculation because she said she was fearing
that she might die a sex slave. And in the meantime,
you've got Republicans over here that are saying, okay, we've
got to get former President Clinton into this investigation right
now because he knew Epstein as well. So now the
Oversight Committee is trying to work on arranging some kind

(20:58):
of meeting. It'll be a closed door with the former
president to see what he knew and when he knew
it and if there's anything that can actually move this forward.

Speaker 3 (21:05):
Well, hold on the tech. I mean, are they interviewing
Bill because Bill was kind of mites with people at
the time, or have they started to frame him up
as some sort of a suspect.

Speaker 12 (21:14):
You I think they're just trying to talk to him
because he knew Epstein and that is all that we
know at this point in time. I think Clinton's going
to deny. I mean, as he has in the past,
it was nothing more than a passing acquaintanceship. I mean,
you know Epstein has got there's pictures with everybody, isn't there.
I mean, everybody in Hollywood seems to have had their

(21:34):
picture or at least quite a few people in Hollywood
and politicians have had their picture with with Epstein at
one time or another. And it's just the way it
is when you move in those circles. But how well
he knew him and what he knew. I mean, that's
that's what this whole thing made, you know, come out
and tell us.

Speaker 3 (21:49):
Yeah, okay, Now, the Warner Brothers Paramount deal is an ideal.

Speaker 12 (21:53):
Well no, I mean they wanted they were offering some
kind of a you know, ridiculous amount of money right
right now, like you know, you know, basically, people are saying, well,
why is this such a big deal. They said no
to a sixty billion dollar offer, by the way, which
is a heck of a lot of money. But we
know that streaming has transformed the industry. It's stealing audiences
away from traditional TV broadcasts, that is sapping advertising revenue.

(22:16):
So what they're thinking is that any deal that Warner
Brothers Discovery would give a buyer, you'd have a major studio,
you'd have a leading streaming service, but you'd also have
a lot of debt. I think there was you know,
thirty five to forty million dollars in debt there, so
Paramount most likely to purchase the company. They're saying, Netflix
has been in the works. The thing is, streaming services
are becoming so powerful right now, I mean, and they're

(22:39):
all raising their rates. Remember how we dumped cable, We
cut the cord because we said we were tired of
paying two or three hundred dollars a month for cable.
We're going to go to streaming services. Now everybody's got six,
seven or eight different streaming services and you're paying just
as much.

Speaker 2 (22:51):
Or more as you were.

Speaker 12 (22:52):
So these guys really do hold the strings of this
thing these days.

Speaker 3 (22:56):
Very good point, actually, they Dan, Thanks very much. Mike
Dan mentions the uas car respondent eighteen away from.

Speaker 2 (23:01):
Five Heather doups the aether.

Speaker 3 (23:03):
Anyone who lights the fire and those Wins should be arrested.
You weren't in Wellington yesterday. They have had a recent
warning about their that terrible behavior. Calm bound jays, what
was it going to like? Think about it? What was
it gonna light on fire? The whole of Parliamentary precinct
is just stone right, I mean it might like look
chap had a flag. Flags on fire is about the
end of it. Those Wins were more likely to put

(23:24):
things out than fan it. Anyway, listen, I got to
tell you this a bit of drama in Australia about
two of our coppers. So one of them is our
very own Mike Busch, who was a former police commissioner
and the other one is our current police commissioner, Richard Chambers.
What's happened is they got on a chopper they shouldn't
have got on. So they had to get to a
conference in Tasmania on Monday afternoon, presumably taking off from

(23:44):
Victoria where Mike's running the police at the moment, So
they used the police helicopter to fly to Tasmania for
the conference on Monday afternoon. Mike Bush has apologized for
this because it's not a good look to be using
a police chopper that's supposed to be out there doing
operational stuff to fly you and your mate from New
Zealand over to Tasmania. And he said, look that they
should have had you had a bit of a harder

(24:05):
look to see if he could get on a commercial flight.
But in their defense, and it seems like a fair
argument for why they did it, the winds and Tasmania
on Monday were too strong for fixed wing aircraft anyway,
so that hence the chopper. They were in the backup chopper,
so it wasn't the frontline chopper. The frontline chopper was
the one that was going to deal with operational things.
This was just the one that was sitting there, and

(24:25):
it didn't cost them anything because the Victorian Police have
a lease agreement with the chopper provider that gives them
a certain number of flying hours which would have gone
to waste otherwise. But as I say, not only was
our mic on the on the chopper, but so was
our Richard. So that's the thing, isn't it? Very Sopen
next sixteen away from.

Speaker 1 (24:42):
Five Politics was centrics credit, check your customers and get
payments certainty.

Speaker 3 (24:47):
Very Soper, Senior political correspondence with USA Barry Good afternoon
her that right. So has the mega strike dominated Parliament?

Speaker 13 (24:53):
A lot of questions on not today? Not surprisingly they
it's reputedly the biggest strike since the late seventies. And
I remember at that time I was the industrial aroundsman
at TV and Z and the Federation of Labor were
calling for tools down on a number of occasions under
the Muldoon government and they were massive strikes. And this

(25:15):
is going to be a big one. They're talking more
than one hundred thousand public sector workers. The main unions
will be the Public Service Association, the Nurses Organization, Post
Primary Teachers NZI, one of the biggest union groups that
will be marching tomorrow around they say thirty six thousand

(25:38):
nurses who work for the ministry. Their nationwide strike will
see a complete withdrawal of labor. Now, it was with
that in mind that the Greens Riccardo Menendez March asked
the Health Minister Simeon Brown about the safety of our
health system.

Speaker 14 (25:56):
Since coming into office, this government has edited around two
thousand more news to the public health system compared to
twenty twenty three, alongside hundreds of additional doctors fanced back
via a record additional sixteen pointy sixty eight billion dollars
investment in health over three budgets, including initiatives focused on
improving workplace safety and reducing weight lists for patients.

Speaker 15 (26:16):
And theur's this by telling us across the country that
they're not experiencing safe working conditions as a result of
current understanffing.

Speaker 14 (26:25):
So the last government allowed weightless to balloon whilst they
fiddled with a bureaucracy. We're focused on patient for me,
they're focused on bureaucracy.

Speaker 13 (26:34):
Well, interestingly, the bureaucracy he was talking about then was
and it was true that during the COVID lockdown, You
remember they restructured their health workforce and I couldn't understand
it at the time. What a time to pick to
do it. But so that sort of bounced back a
bit on belandez March. But yeah, it's a big strike.

(26:58):
The government is saying it's political, claiming that unions are
not taking it seriously, discussing Palestine at one meeting that
was set up, and they say that it is political. Well,
who's to know?

Speaker 3 (27:13):
I mean, Barrier, come on, it's clearly political.

Speaker 4 (27:16):
I think.

Speaker 5 (27:17):
Yeah.

Speaker 3 (27:18):
When you have got unions ordinating their strike action to
one day, and when you have got the association the
senior doctors who refused to settle in final arbitration but
rather go on strike, it's clearly political, don't you think.

Speaker 13 (27:30):
Yeah, Well, I guess the members though, have to agree,
don't they. And whether that's politics, who knows? Certainly from
the union's point of view.

Speaker 3 (27:37):
No totally fair. Listen, is Jerry going to blow a
valve over what happened on the Full Court?

Speaker 2 (27:42):
Well?

Speaker 13 (27:42):
I couldn't quite understand why the Speaker got so upset
about it, because, I mean, it was a silly thing
to do, no doubt about it. Burning the bill at
the Marine and you know, burning it in a rubbish
spin looked pretty amateurs.

Speaker 3 (28:02):
Such a lame protest.

Speaker 13 (28:04):
It was too it was done. It was performative politics
at its best, and Jerry said that he was considering
with it to take action over the incident at Parliament.
But look, I think it's in the debating chamber that
Jerry's got to worry more about it. I mean outside,
I mean you see you know, landrovers driving up the
steps of Parliament, metal the tractor going up at one

(28:26):
other stage. You know, things have gone on out the
fore court before, much certainly much worse than what the
market got up to.

Speaker 3 (28:34):
What's your take on what gold he's going to do
with the BSA.

Speaker 13 (28:37):
Well, it's fascinating because you know the BSA talk about overreach.
I mean, you know, they they replied to one complaint
about Sean Plunket on the platform saying mumbo jumbo that
ta kanga was and you know it was, it was minor,
but they took it so seriously, and then they were

(28:59):
bringing them so many other aspects of broadcasting under their guidance.

Speaker 3 (29:05):
It seems, well, the entire Internet, well.

Speaker 13 (29:08):
You know, I mean it's incredible really talk about overreach
If you listened to the Broadcasting Minister Paul Goldsmith on
with Hosking this morning, you would have heard him postulating
about getting rid of the BSA altogether.

Speaker 2 (29:20):
There's two basic options.

Speaker 16 (29:21):
You could try and extend the reach of the BSA
to covering all things that look similar, or you could
just get rid of it entirely and say well that
the world's moved on. And that is one of the options.
And so we're working our way through this at the
moment and we're giving some careful thought to it. There
was an act that was set up in nineteen eighty
nine before a whole lot of things have happened and
nobody's got round to dealing with it, and we are

(29:43):
going to deal with it.

Speaker 13 (29:44):
See fascinating that because that's quite definite, and the BSA
could just have written its own death warrant when you consider,
you know, what they've done as a result of one
silly little complaint. I've really opened themselves up to all
sorts of things and.

Speaker 3 (29:59):
Ext lighted Barry.

Speaker 17 (30:00):
That's right.

Speaker 13 (30:01):
They'll be listening to this and there'll be a complaint
file to them.

Speaker 3 (30:04):
Oh well, one can only hope. One can only hope
they've never they've never had a complaint about me. Actually,
they'll be total. They'll be like, who is this person?
Though I dodn't even know she existed? Barry, Thank you
very much, Barry So for Senior political correspondent. Eight away
for five.

Speaker 1 (30:17):
The headlines and the hard questions. It's the Mic Hosking Breakfast.

Speaker 2 (30:22):
In your opinion, how angsty has been.

Speaker 16 (30:24):
Look, there's been quite a lot of quite strong rhetoric
overnight and in the last couple of days. Overall, most
people recognize that balance was set. I mean, all the
New Zealanders have got an interest in what goes on
on the foresholder in the seabed. We all share this country.

Speaker 2 (30:37):
When you move away from.

Speaker 16 (30:38):
Those basic expectations to the ability as you have under
this law, if you have custom memrine title to grant
resource consents in an area for certain things and qual
lot of you know, quite valuable to rights that there
was a high threshold for that.

Speaker 2 (30:51):
Reduce that threshold and we're restoring it. So that's the purpose.

Speaker 16 (30:55):
Back tomorrow at six am, the Mic Hosking Breakfast with
Maybe's real Estate News talk Z be just listen.

Speaker 3 (31:02):
I've got I've got so much to talk you through.
But this is this that's going to have to wait
because I've got to tell you about this. So Alex
sent me an email today and Alex said to me, Heather,
why is the official PPTA website selling activist toy two
te tary T shirts? Regards Alex? And I thought, no,
they're not. I thought, well, I mean this is the
lot that did want to talk to the ministry about Palestine, so,

(31:23):
you know, not beyond them. So then I spent five
minutes of my life I will never get back logging
onto the PPTA website and finding the merchandise page. Yes,
they've got merchandise, and going and having look and sure enough,
can you believe it? They are selling T shirts. They're
selling toy two tear Toity T T shirts. Why not?

Speaker 5 (31:41):
Now?

Speaker 1 (31:41):
Why not?

Speaker 3 (31:42):
Because I don't know, if you're going to be a
teacher who wants to wear a political slogan on your front,
why aren't you wearing you know, something about about educating
the children. I don't know, like exam excellence, one hundred
percent attendance, maths is cool, I don't know, take your pick.
But instead, what they're doing is they're getting themselves distracted
by toytoo to by the way, it's thirty dollars. So
and then Sam the producer thought that's actually a bargain

(32:02):
because it's not the official merchandise. It's sort of like
it's like a crappy PPTA knockoff version. So Sam the
producer has bought himself one of those T shirts for
thirty dollars because he thinks it's going to be quite
entertaining to He thinks it's going to wind me up.
But it's not going to wind me up because what
he fails to realize is I'm very Scottish and I
love a bargain and I am stoked that he managed

(32:25):
to get that for thirty dollars and wear it instead
of putting god knows how much money into the pockets
of John Tamaheada's family who were selling the T shirts beforehand.
So anyway, I'm with him on that.

Speaker 6 (32:35):
I'll tell you what I think. Trule to ge him
to spend thirty dollars on a T shirt that said
Matt's is cool as well.

Speaker 7 (32:39):
I don't know if those will be flying out there.

Speaker 3 (32:40):
No, this is exactly right. This is exactly right also,
So we're going to talk to the Public Service Commissioner
about this, not so much about the T shirts, but
about the actual mega strike that's happening tomorrow and if
there's any chance that in the period between now and
then they may be able to strike a deal to
call off any of these strikes. Talking to him next. Also,
there's quite serious concern about measles outbreak at the moment,

(33:01):
because of course lots of people are There's about four
people who've reported as having measles and some of them
we cannot explain how they got it. So the old
community transmission is happening again. Oh yes, undetective community transmission.
Nicki Turner, immunization expert, is going to be at us
shortly on that newstalksb.

Speaker 17 (33:17):
Qusy pressing the newsmakers to get the real story.

Speaker 1 (33:27):
It's Heather duper Zl and drive with one New Zealand
to coverage like no one else.

Speaker 2 (33:33):
Newstalks be.

Speaker 3 (33:35):
Good afternoon. About one hundred thousand teachers, doctors, nurses, dentists
and social workers are going on strike tomorrow. Unions have
had to call off their allies in Wellington and the
South Island because of the bad weather that's been forecast
for tomorrow and it's Helbert Mills. Poll out today suggests
sixty five percent of KEI we support the mega strike,
twenty five don't, and the twenty five percent don't and
the rest don't care. Sir Brian Roach is the Public

(33:56):
Service Commissioner. Hi, Brian, are you still negotiating down to
the last minute to try to call the strike off?

Speaker 18 (34:04):
No, we haven't been able to negotiate for the best
part of the last two weeks because we reached the
decision after the outcome of the PPTA engagement that we
weren't ever going to be able to reach an agreement
before the strike happened. People need to get it out
of their system and then get back to the table.

Speaker 3 (34:21):
What do you mean people have to get it out
of their system.

Speaker 18 (34:24):
It just seems to me, based on my engagement with
the unions, that they had to do this for reasons
that escaped me. I think it was all avoidable. It's
extremely regrettable we remained it available. This is all a
matter of public record. We offered to work all weekend
all of those things. They were rejected, So there was
just no point to mislead anyone to think we were

(34:46):
going to get anything done before the strike. The one
ray of Hope is one of the smaller unions who
turned up. They were appropriately mandated. We did a deal
and it's been agreed by their members. They've now got
cash in their pockets moving on and that's the way
we need to Those are the principles, right, correct.

Speaker 3 (35:06):
Yeah. Are you surprised by the poll out today that
suggests that two thirds of Keywis actually support the mega strike?

Speaker 18 (35:14):
I do, But there's a really wide range of views
about the merits of strikes. I mean, those are all
very personal. My job is to find a way through
a bargaining round, which is really challenging. I remain really
committed to doing that as as my team.

Speaker 3 (35:30):
What do you think about the suggestion of changing the
law in order to prevent some of the essential workers
like health workers, from being able to do a strike like.

Speaker 18 (35:36):
This, Well, that's ultimately a matter for the politicians. I
think there is precedent for that overseas, but you know,
as I understand it, that's not something that's currently occupying
the minds of many in a political sense.

Speaker 3 (35:50):
Are you still running those Facebook ads about the strike.

Speaker 18 (35:54):
We have as it today? And you know, once again,
the background to that is to make sure we use
all of that channels to get our message out because
our message has been contorted and I think manipulated by
various sort of unions. And that's regrettable because we've got
a very clear conscience of the way we've done this.
We've approached that professionally. We continue to be available. There

(36:16):
has not been substantive engagement from our counterparty.

Speaker 3 (36:20):
Brian, you sound really frustrated, are you.

Speaker 18 (36:23):
I'm not overly frustrated. I'm frustrated on behalf of New
Zealand because we could have avoided all of the inconvenience
of tomorrow. And that's on other people's conscience, it is
not on that of the public service. I'm committed to
making sure that we get an outcome. I want that
done on a timely basis and I want to avoid
further disruption.

Speaker 3 (36:44):
So what do you think is going to happen once
they get the strike out of their systems. Do you
think a bunch of these agreements are going to be
wrapped up really quickly?

Speaker 18 (36:52):
I don't know, because it requires two people at the table.
At the moment, we've really only substantially had one. And
you know, we have done all the running. We have
put three offers in front of the PPTA, for instance,
and we have been unable to get them back to
the table despite our offers to work day and night
and weekends. That what's why we made that offer was

(37:14):
to avoid the disruption last week and the disruption tomorrow.
The fact that they chose otherwise and didn't even put
that offer to their members is for them to have
on their conscience. I'm really clear on that, Brian.

Speaker 3 (37:26):
Thank you very much, sir, Brian Roach, Public Service Commissioner.
By the way, if it's worth there's a piece in
the post explaining how hard Brian Roach and his sidetach
work to try and get these strikes called off. I'm
going to run you through that before this half hours through.

Speaker 2 (37:37):
It's five to eleven, Heather Duplice Ellen.

Speaker 3 (37:40):
So there are concerns that measles maybe spreading across the
country undetected, and that's because four cases have been confirmed
so far, but the health authorities cannot explain how each
of them, or all of them rather came to be infected.
Nicki Turner is the medical director at the Immunization Advisory
centerhind Nikki. Yeah, curtor if it's only four How serious
is it?

Speaker 19 (37:59):
Yeah? The problem is it so highly infectious, Like it's
way way more highly infectious than any of our other
respiratory bugs. So it spreads aerosol. If you're in the
corner of a room, you'll catch it if you're not immune.
So if we don't know it came from travel, then
where did it come from. We do not want this
bug spreading through our community. That's the problem.

Speaker 3 (38:19):
How's our immunization rad on measles?

Speaker 1 (38:22):
Well?

Speaker 19 (38:22):
The problem is this is across the whole population. So
currently it's sitting at around or seventy seven to seventy
eight percent for our young kids, which is not great
better than it was, but that's just the sort of
two three year olds. It's across the whole population up
till people into their mid fifties, and we've historically had
quite low coverage. There's loads of people walking it around adolescence,

(38:46):
mid child as a mid adulthood older who may not
know if they've had vaccination or not. So that's the problem.
It doesn't just hit the little kids, it's across the
whole population.

Speaker 3 (38:56):
What do you do, Nikkia? For example, I've got a
nine month old. She's not ane because the first jabs
not until a year. What do I do?

Speaker 19 (39:03):
That's right, So the vaccines were effective if you wait
till over a year. If we did have an outbreak
in your area and your child was at risk, then
we do give an extra dose. Under a year. It's
just not quite so effective. So it's not unsafe. So
and the the other problem is it's a live vaccine,
so we can't give it to people with significant problems
in their immune system, you know, like people on cancer

(39:25):
treatment and things like that. So this is why it's
a community argument. We actually need to protect the community.
It's not just an individual issue.

Speaker 3 (39:33):
NICKI, thanks very much appreciated, doctor Nicki Turner, medical director
at the Immunization Advisory Center. See how I'm going to
deal with the climate rules. And about just after half
past five, so about twenty minutes or so, Auckland's Westmere Butchery.
Fantastic butcher. Fantastic butcher. People come from all over Auckland
to go to the Westmere Butchery to go and have

(39:54):
their sausages and their meat and stuff. I actually sometimes
dispatch people from my household there to go because I
you know, other people can do some chools from time
to time. Anyway, they have just won New Zealand Sausage
the best Sausage for the fourth time, and this time
it is a beef and parmesan and truffle sausage. I
mean it says bourgieas right. Anyway. The interesting thing is
the butcher has said the best way to cook this

(40:16):
particular sausage is on the barbecue or to pan fry it.
Don't cook them too hot, he says, because the skins
may split, And don't be tempted to prick them because
you're gonna lose a bit of the flavor because all
the juices are gonna come out now. And he says, never,
whatever you do, never cook your sauces in the oven
because that spoils the saucys. Right, So anyway, can I
put it out there that, in my humble opinion, he

(40:41):
is wrong. He's right about absolutely one hundred percent right
about not pricking, one hundred percent right about not doing
it with the oven. That's like, what is wrong with
you people? What is wrong with you? But I think
you have to poach it. I think the best way
to cook the saucy is to poach it. Now I'm
not talking about boiling, which is what the German and
automatically thought. She's like, oh you boil it. No, you know,

(41:02):
don't boil it, but you poach it just in a
little bit of water until the water's gone right, just
so you douce that saucy up and then you pan
for it a little bit brown. Because the problem with
the British sausage, which is what we eat a lot
of in this country. Problem with the British sausage is
it's born very dry, isn't it, And so the water
it just gets a bit of the water. What do
you think? Bang on Ah? Anyway, Locke, who's British sits

(41:24):
next to me here in the office, is going home
to try it this evening and he's going to come
back to me on that quarter past. Hey, are you
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(42:28):
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Speaker 2 (42:31):
Whatever du for clen Heather.

Speaker 3 (42:33):
Air fry all day long.

Speaker 8 (42:34):
Oh dear God.

Speaker 3 (42:35):
Okay, we'll talk about the air fris at some stage
because this is not on. This is not a cool thing.
Nineteen past five now and Mount Monganui business has created
under sea drones that could help protect seafloor cables from sabotage.
Bay Dynamics, which makes the droneses just being acquired by
another drone business called Sios Aerospace, and Scios's chief executive,
Sam Via is with us. Now, Hey Sam, Hey, have

(42:57):
I hate him? Very well? Thank you? So are you
actually going to use these roans to monitor what's going
on with the cables under the sea?

Speaker 5 (43:04):
Yeah?

Speaker 20 (43:05):
So, well, I mean that's obviously one application to it,
but certainly a very important application which we're seeing, you know,
a big global demand for right now.

Speaker 3 (43:15):
Why what are we worried about? Are we? Are we
genuinely worried that sabotage is part of the grab bag
of things people might do to us?

Speaker 20 (43:21):
Now, obviously our market's global, not just New Zealand, and certainly,
you know, anyone watching the news in Europe sees will
see the potential sabotage and the and the nervousness around
the particularly in the EU, around potential sabotage by hostile

(43:44):
vessels or potentially vessels from from some certain countries that
might accidentally drag anchor or intentionally disrupt sea for infrastructure.

Speaker 3 (43:57):
So who are you selling to?

Speaker 5 (44:01):
Yeah?

Speaker 20 (44:01):
So, SIUs is a developer and manufacturer of uncrewed vehicles
or drones and robotics across both defence and the civil sector,
predominantly our customers. We have a number of customers in
Europe and you know, obviously we're in a New Zealand company,
so we're now setting up on New Zealand production facility

(44:24):
to also offer the same products to the APAC region.
And now obviously this acquisition of Adynamics adds another string
to our bow by being able to offer our customers
also with subsurface vehicles.

Speaker 3 (44:39):
Sad. Thanks, it's fascinating stuff. Man, beast of luck with
the business at sam Viai SCIOs Aerospace chief executive. Hither,
how many were polled in the poll that you mentioned
before about the Mega strike. Look, I'd be honest with you.
I was surprised by that number, sixty five percent of
people supporting the Mega strike. But hey, what can you do?
Numbers apparently don't lie. Hither you are one hundred percent saucys.

(45:00):
Thank you. Here the low and slow in the fry
pan twenty five minutes. It's perfect. Listen, Hither, he's a butcher,
you're a radio host. He doesn't tell you how to
do your job. Will listen, mate. Everybody listening to the
show tells me how to do my job on the
text machine all the time, So I can't be sure
that the Westmere Butcher hasn't text in as well. Air fryers,
I'm going to tell you I don't like the air fryers.
To problem with the air fryer from what I understand
from Jason the boss who's constantly trying to pitch his

(45:22):
latest new fangled thing at me, which is this time
in air fryer is the I seems to striple your
fat out. So if you chuck a piece of star
I don't know what.

Speaker 2 (45:29):
Do you chuck a piece of steak in?

Speaker 3 (45:31):
But if you chuck a piece of steak and then
all the fat drips down right, then you're eating just
a lean piece of Well, why would you want to
do that? What do you don't you want to have
your yet good fatty stuff because you know the science
says you need that. Now I rest my case five
point twenty two on.

Speaker 1 (45:45):
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 talk sad.

Speaker 3 (45:56):
Be hither you're poaching idea isn't the best advice I've
ever heard. This is probably subject where you should stay
in your lane. From a chef and restaurant owner for decades,
regards Grant, Greg AGREEG sorry, thanks Greg, whatever whatever works
for me. Five twenty five. Now, this business about the
abuse of traffic workers has been bugging me since that
report was released yesterday. You'll recall it. The survey showed

(46:17):
two thirds of the country's traffic controllers reckon they cop
abuse every week one in five, so they've been physically
assaulted in the last year. And yesterday, after the release
of the report, quite rightly, the industry called out that
behavior and said it needs to stop, which, look, I mean,
I think most of us will totally agree with, because
there is never an excuse for laying hands. However, before

(46:37):
the industry gets too caught up and playing the victim
on behalf of the workers who are the actual victims here,
they might like to just pause for a moment and
think about their role in all of this. I suspect
a lot of that bad behavior is driven by frustration
at what people see at roadworks. Five hundred thousand cones
when four hundred would do one hundred people milling around
doing a job that could be done by six sixteen

(46:58):
k's of road blocked off for a five hundred met
a job. What the industry may not understand is that
when motorists drive past that, what they see is waste.
Every single one of those road cones now feels like waste,
the waste of rate payer money, the waste of their
tax payer money. And we know that even now, months
after the new rules have been released requiring the councils
and the roading authorities in the industry to use fewer cones,

(47:20):
some are still using the old rules, which require more cones.
So maybe if the industry wants to do its bit
to remove some of the agro from the road, they
should switch to the new rules. Or maybe they should
insist that the local council switches to the new rules.
Lay out fewer cones, get the workers working faster, wrap
up the job quicker, make it look like they're not
taking the mickey, because, like I say, it's not okay

(47:40):
to abuse a road worker, but it is also not
okay to keep taking the mickey with our money.

Speaker 2 (47:45):
Ever, do for see Allen Brian Roach.

Speaker 3 (47:47):
Just get you across as quickly. So there's a piece
in the post mega strike, the fiery exchange that derailed
the secondary teacher's teacher talks. It's an insight into how
hard the Public Service Commissioner worked to stop the strike.
It was Frida at the tenth of October, so of
weeks ago, and there were messages between Chris Abercrombie, who's
the PPTA president, the one with a big beard, and
then Brian Roach and then Alex, his sidekick who was

(48:08):
doing a lot of the work in the negotiations. Chris
thanks them for their work and says the PPTA needs
to see a formal offer before they're going to call
off the strike. That was at about quarter to two
on Friday, he said. The meeting was that night. Alex
wrote back an hour later saying she and Brian are traveling.
The best they could do before the seven o'clock meeting
is to provide a written, without prejudice offer for consideration,

(48:28):
which they do at ten to seven, right, and they
text them and they say, listen, we've worked really hard
this afternoon to get this to you in time for
the meeting. And despite that, at the meeting, the PPTA
goes ahead with a strike, so I can understand why
Brian Roach is feeling quite a bit of frustration. Anyway,
Next up, let's talk about the climate reporting rules that
have been eased on listed companies today. And then we've
got the huddle News Talk ZB.

Speaker 2 (48:53):
Cutting through the noise to get the facts.

Speaker 1 (48:55):
It's Heather duper c Ellen drive with one New Zealand
coverage like no one else news talks.

Speaker 2 (49:01):
They'd be two. You've taken me.

Speaker 3 (49:08):
One hundred standing by. I got Jordan Williams and Jack
taymoth Us this evening, I'll tell you what I'll tell
you who you wouldn't want to be. Today is the
day three in the job CEO of The New Zealand
because share price is down more bad news updated the market.
Market was originally expected to make a first half profit
of up to thirty four million, now predicting a loss
of up to fifty five million, which is not flash

(49:30):
at all. The New Chap's not talking today, and I
can understand why he's not talking today, because who wants
to start your job talking to the media about bad news.
So we're going to talk to Oliver Mander of the
Shareholders Association after six o'clock. However, I am told that
the new CHAP is starting a round of get to
know me interviews as early as tomorrow morning, with Mike asking.

(49:51):
So if you want to know about the new CHAP,
you have to tune in and listen to Mike twenty
four away from six Heather.

Speaker 2 (49:55):
Due to ce Allen, the government.

Speaker 3 (49:57):
Is softening rules that force listed company to disclose their
climate risks. Now, the Ardern era law forced the force
these companies worth more than sixty million dollars to report
climate risks. That's now been changed to only affect companies
worth more than a billion dollars. Barry Coates is the
founder and the CEO of Mindful Money and is not
a fan of these changes. Hi, Barry, Hi, Ever, what

(50:18):
don't you like about this?

Speaker 5 (50:20):
I don't like the way that, in a way, we're
stepping backwards on what should be information that should be
disclosed by companies and also by managers of Kiwisaber and
other funds. We should be telling the investors, the public
stakeholders about what their climate impact is and what the

(50:41):
climate risk is of the companies and why, because this
is valuable information, not only about the climate and what
companies are doing. It's vital financial information that climate changes
is a real cost. It's a real risk to companies,
be physical impacts or transitory impacts, or regulatory impacts, reputational impacts.

(51:06):
It's been widely recognized that these are these are kind
of substantial risks.

Speaker 3 (51:10):
Okay about it. Practically, if you're an investor and you're thinking, well,
I might buy some shares and Turners, what is going
What about what they say about climate is going to
make you decide whether you put your money into Turners
or not.

Speaker 5 (51:23):
Well, if Turner's main produce lines are kind of at
risk of climate disruption and their supply chains are at
risk of climate disruption from adverse weather or events, which
of course they are, investors may decide that that their
particular kind of supply lines are at a higher risk

(51:45):
if they if they talk about that in their in
their climate reports. So it gives information to investors to say, well, actually,
I'm not sure about the climate risks of Turners. I'm
not sure that I want to invest.

Speaker 3 (51:57):
Do you think people are actually making these It sounds
fair enough what you're saying, but it sounds like what
we're asking these people to do in order for an
investor to make that decision is just extreme, right. I mean,
Turners itself said that their first report costs them a
million dollars. That feels a little over the top, doesn't it?

Speaker 5 (52:15):
It does, It does. And you know what we've heard.
I hadn't heard that figure from Turners. It sounds like
a lot most other companies, but even.

Speaker 3 (52:25):
Other companies, even other companies as reported by r n Z,
we're spending up to two hundred thousand dollars on it.

Speaker 5 (52:30):
Yeah, yeah, but Heather, you know, the thing is you
put the system in place in order to bound to
report that requires initial investment. Every year thereafter you're updating
the information that goes into those reports, and the first
year you're going to have higher costs. After that you're
going to have a far reduced a burden of reporting.

(52:50):
And that's been shown already from the second year reporting.
So you know, this is the time rather than kind
of throwing out the regulations, we should be reaping the
benefits from from the investments that already made.

Speaker 3 (53:03):
Rather than saying, what's the risk Barryer of us of
us stepping back from this, I.

Speaker 5 (53:09):
Think two risks. One is that investors and customers and
people who who companies do business with or investors do
business with, they don't have the right information that is
relevant to this decisions they're making. And the second thing
is an investment risk that if you're investing in a company,
if you're investing in a fund, you're going to want

(53:31):
to know about. If you're investing in the kisaver fund,
do you want to know whether that company is that
keV saver fund is bearing a high climate risk from
their portfolio? I would want to know.

Speaker 3 (53:41):
Can't you just turn up with the annual share can't
you turn up to the annual shareholders meeting and ask
the question?

Speaker 5 (53:47):
Unless you've got a regulated system of reporting, what you're
probably going to be told. And every time you do
it in an AGM is a different story because it's
not packed up by a properly regulated reporting system. And
that's what that's what this system gives us. It gives
us a level playing field for everyone to report on
the same basis, and that's really important to be able

(54:07):
to compare across these companies.

Speaker 3 (54:09):
All right, Barry, thank you very much for your time.
Barry Coate's Mindful Money founder and CEO. It's twenty away
from six.

Speaker 1 (54:15):
The Huddle with New Zealand Southby's International Realty. Find your
one of the kind.

Speaker 3 (54:20):
On this evening we have Jordan Williams of the Taxpayers
Union and Jack Came, the host of Q and A
and Saturday mornings here on News Talks.

Speaker 8 (54:26):
He'd be hire you too, Hi, Jack, Go on, Jordan,
you're just nonsense mindful investment? What guy's nonsense on?

Speaker 5 (54:34):
It?

Speaker 8 (54:35):
Wasn't he the idea that, you know, with a million
dollars for turners to have to disclose this information We're get, well,
we're gonna get It's gonna get so.

Speaker 3 (54:43):
Hot, John with us, I said Joan Withers said in
the midway through this year. She said they were spending
more time on the climate disclosures than they were on
their financial accounts.

Speaker 8 (54:53):
If this guy Barry was half right, we would have
seen an impact on the price of the INSIDEX if
investors were so deaf for this information. It is just
it really annoys me, these hardcore activists that try to sound, oh,
you know, we're all about the market's ballots. Yeah, totally
total ballots.

Speaker 3 (55:11):
Jack.

Speaker 21 (55:12):
Wow. I was a little more convinced by Barry.

Speaker 3 (55:16):
Than Jordan was. Well, if you were to.

Speaker 21 (55:22):
Consider that the first of all, a million dollars way
too much for a company like Turners.

Speaker 7 (55:27):
We all agree on that right.

Speaker 21 (55:29):
Second of all, the initial regulation, thank you Jack, in
establishing the frameworks, the initial investments and establishing the frameworks
and the procedures by which you make these disclosures has
been made by these companies. Now, if the concern of
the government, as they've said today, is that the regulatory
burden is too great and these companies aren't as profitable
as they should be, well I would have thought at

(55:51):
the very least it would be worth trying to quantify
our much New Zealand listed companies are under capitalized as
a result of not having these kind of disclosures, which
could affect investing decisions.

Speaker 8 (56:05):
Market would have moved and it didn't today a result
of this. And also they actually are affected into the
accounts because we have a comprehensive emission emissions trading scheme.
All of these companies are already paying for their emissions.

Speaker 21 (56:19):
But it's not just about emissions though, it's about climate risk,
right like, so, if climate events are likely to disrupt
your profits going forward, if there's some sort of natural
event that affects you. That that I mean, that's not
covered in the days.

Speaker 8 (56:30):
It disclosed material risks anyway? Were that? I mean Turners
is a great example, like the auction cars. What is
is not going to get too hot for cars? I
get that from an energy company with which this will
be disclosed anyway, because if it's a material financial risk,
this is just disclosures for the sake of disclosures. Because
for an ideological ram raid.

Speaker 21 (56:53):
Yeah, I think having having not yet seen the having
having not yet seen the evidential basis for changing the threshold.

Speaker 7 (57:01):
You know, I can't comment too much on.

Speaker 21 (57:03):
The government's justification for it, but at the very least,
if I were an institutional investor, I would want to
be able to properly quantify all the rest now and
the better way of doing it, I think, is a
better way of doing.

Speaker 3 (57:17):
What I'm seeing here, Jordan is that there is an increase,
there is an increased intolerance of climate nonsense like this,
what's going on in the world? Why why have we
got these the net era banking Alliance blowing up, the
insurance version.

Speaker 8 (57:31):
A generation of bs from politicians saying, oh, look, we're
going to get green jobs. You know we're going to
we're going to ban oil and gas and be richer
and consumers can see straight through it that we're paying,
but that energy prices have gone up one hundred and
fifty percent. I actually would put to you it's a
real risk for Hipkins next year because they will be

(57:51):
that National Party will be hoping that they go and
continue to ban that oil and gas. And all they
have to do is remind New Zealanders can you afford
the mega Yeah? And the last time they didn't rely
on the greens. You know, they barely can say, well,
it's you know, it's a bright future. Don't worry, We're
gonna it's going to be solar and wind and do
you know what, we're going to create green jobs. The
Emperor has no clothes.

Speaker 3 (58:12):
Totally a realizer, Okay, but I want your take on this, Jack.
So is it now that the emperor has no clothes
and we can see through this greenwashing nonsense and all
the other just that the absolute bollocks of the whole thing,
or do you think it is simply that the world
has shifted slightly, right, there's an intolerance for it. As
soon as the world shifts left again, it's back.

Speaker 21 (58:31):
I mean, my general sense with politics and culture is
that there is a bit of a pendulum of sorts,
so things tend to swing back and forth and then
and generally settle in the middle somewhere over time. So
I think that's probably component. I mean, it's interesting that
we're having this conversation. As you know, ten minutes ago,
I was looking on my screen of a person literally

(58:51):
being blown into the into busy traffic and Welmington, we've
had crazy, crazy weather.

Speaker 3 (58:57):
Well you think it's wondering, Well, it's my dad in
the seventies.

Speaker 21 (59:02):
We yeah, Well, the frequency extreme the frequency with which
we see extreme weather events is obviously increasing. That we
should have this conversation.

Speaker 8 (59:15):
From extreme weather events than ever like this is.

Speaker 21 (59:22):
That's That's not the question though, is the frequency of
extreme weather events increasing? What's what's happening to migrant flows
from Jordan's being driven by because last I checked, Europe
is being overrun by migrants, many of whom are being pushed.

Speaker 3 (59:37):
Out by a warmer.

Speaker 21 (59:40):
In Europe climate Europe absolutely, absolutely the two things a link.
If you think Europe faces a challenge now with some
of the authoritary in leadership, try again in fifty years
when you have millions more people coming from one of
the most densely populated parts of the world desperately trying
to find themselves in the cooler climates so they can
actually have prosperity in the m more people.

Speaker 3 (01:00:01):
Don't We're going to stop then or not because I
am not fascinated by it. I am, but there's heaps
moater than we have to talk about, and we're runn
out of time.

Speaker 13 (01:00:11):
That's where we started.

Speaker 3 (01:00:12):
We'll come back just to take fourteen away from six.

Speaker 1 (01:00:17):
The huddle with New Zealand Southeby's International Realty, the global
leader in luxury real estate.

Speaker 3 (01:00:23):
You're back with the huddle. We've got Jack taym and
Jordan Williams. Jack, are you surprised by that support for
the mega strike?

Speaker 21 (01:00:29):
I am, actually a little bit. I think the unions
are walking a fine line here personally, and this is
based only on kind of vibes at the moment, and
that I just think so many people across the private
sector are going to say, and the public sector are
going to say, you know what, I haven't seen a
massive improvement of my wages in the last couple of years.
My pay rises have all been behind inflation. You know,

(01:00:53):
my conditions haven't materially improved, and the fact that I
now have my children out of school for a day
is really frustrating, and if the fact that my operation
has been delayed yet again is really frustrating. So while okay,
maybe they enjoy the majority public support for tomorrow, like
I say, I think it's I think it's a delegate game,

(01:01:13):
and I think the government feels much the same as
evidence by Judith Collins open Leater and comments from Simmy
and Brown, And.

Speaker 3 (01:01:20):
I'm like, yeah, what do you think, Jordan?

Speaker 8 (01:01:22):
I agree with Jack, I mean, but yeah, but bang on,
I almost want to know. I'm going to do it
in a shout out, like my little girl's primary school
is not closing tomorrow and a lot of our friends
kids don't have school. And I'm so appreciative, although I
do your producer is telling me that the weather is
seeing all the actual turnouts. Yea, the sleeping in the

(01:01:44):
long weekend, doesn't it. But I can I can tell
you exclusively that despite PSA education, ins in education, it's
to PPTA celeery, medical species, all these unions that very
unfortunately the textpos Union is not on strike.

Speaker 2 (01:02:00):
You know what?

Speaker 3 (01:02:01):
Can I tell you though? When you guys first set
up or we have family members who are very very
left and one of them was so angry at you
guys for taking the union label like it was visceral.

Speaker 8 (01:02:12):
How angry there is a farmer's union in the UK.
I mean I also found the Free Speech Union. It
is an act.

Speaker 3 (01:02:19):
Actually speak about the Free Speech Union in a minute.
Thanks for reminding me.

Speaker 8 (01:02:22):
Jack.

Speaker 3 (01:02:23):
How do you cook a sausage? Best way?

Speaker 7 (01:02:26):
Barbecue? No doubt?

Speaker 21 (01:02:28):
I think if you're cooking it enjoy you're in trouble.

Speaker 3 (01:02:32):
Jack.

Speaker 8 (01:02:33):
Or are you a proper charcoal?

Speaker 21 (01:02:35):
I'm a gas barbecue man, although it depends if I've
got the Persian.

Speaker 8 (01:02:38):
If I got the Persian and.

Speaker 21 (01:02:39):
Laws around, then we are a charcoal. We have it,
and we have we go one step further. There you
go when we go charcoal, sometimes of the Persian and
lads are around there you go.

Speaker 7 (01:02:48):
That's the way to that is?

Speaker 8 (01:02:49):
That's what do you reckon?

Speaker 5 (01:02:51):
Jordan?

Speaker 3 (01:02:51):
How do you cook your snacks? Uh?

Speaker 22 (01:02:53):
Well, I've had let's issue, of course, quite the debate
in my office because there's a few Brits and they
and so that the pork at what you've been through
into British sausages is not correct because they insist that
actually in Britain it's more around pork sausages, whereas we
default to the beef. And so they argue that you
need sauce and that led them too the bat because

(01:03:14):
tomato sauce. As you know, my other half is I'm
extremely lucky, except because these these people, they walk among us.

Speaker 8 (01:03:22):
She has ketchup instead of tomato sauce.

Speaker 3 (01:03:27):
I find what I thought it was just the Americans
called a ketchup, and we know it is significantly different.

Speaker 8 (01:03:36):
The best is what what what you get in Berlin
with the curry verse and that delicious sort of mail
and where you know.

Speaker 3 (01:03:44):
What it is? Look at her face, Hey, thank you
very much. Okay, well, so now we're going to find
now we've got an issue with the tomato sauce and
the ketchup. That was Jordan Williams and Jack tamer Huddle
this evening seven away from six, It's.

Speaker 1 (01:03:56):
The Heather Duplessy Allen Drive Full Show podcast MYRD Radio
powered by News Talk ZB.

Speaker 3 (01:04:03):
Heather, that teachers union guy from the PPTA looks like
Henry the Eighth now google Henry the Eighth. Don't do it.
If you're in the car, google it. If you've got
a minute, have a look at him. Then google Chris Abercrombie.
Tell me it's not the same person. They look very similar.
The BSA situation five away from six. This has got
really weird. So you'll be across what's happened with Sean

(01:04:26):
Plunkett and the BSA. Blah blah blah. Sure you know,
the BSA just has got a whole bunch of people
in their sites so they can't get their little hands
over at the minute. So last night apparently somebody went
onto the BSA website and there's a little drop down
menu which has like a list of broadcasters that you
can complain about to the BSA. Anyway, a person clicked
on the drop down menu. On the list is the
Free Speech Union. Now, the Free Speech Union is not

(01:04:49):
a broadcaster. It's a free speech union, that's all it is. Anyway.
So somebody then took a screen grab or whatever called
the BSA out on it online, and this morning, very quietly,
the BSA just removed the Free Speech Union from that list. Now,
who can explain why the BSA did this? It could.
It's probably just a mistake. But the problem for the
BSA is they look weirder and weirder and more power

(01:05:12):
hungry the more we hear about it, and they're making
it much much that the case for getting rid of
the BSA becomes more compelling with every weird thing that
they do. So keep it up, please, BSA. Now I
got to tell you something nice that happened. So yesterday
there's really bad weather, right, and so a bunch of
MPs from Totrang were trying to get into Wellington on
a plane but they couldn't, so they hired a car
and they drove the seven hours down. Now seven hours

(01:05:33):
in a car is a long time with people, anybody,
even people you like, so it's quite nice to hear
there was a bit of a partisanship going on here.
There was a couple of people from National, Tom Rutherford
and Sam Uffandel who is Cameron Luxton from ACT and
Labour's Jantinetti in the car, the four of them, and
there's the usual car trip. There are lots of chat,
disagreement about the radio stopped for a snack. Stopped in Reperoa,

(01:05:56):
specifically the repioa bakehouse Cafe. Rutherford a mince and cheese pie,
Uffendale had pies and chips, Luxton had a jalapeno steak
and cheese pie. Jantinetti had a seafood salad, which I
am going to say is a brave move from Jantinetti,
because a seafood salad is a brave move at any time,

(01:06:19):
but especially when it's coming from a bakehouse in Ripperoa
to be eaten in a car. Do you not think
she has written a review of it, which I might
get to at some stage, But do you not think
that's brave? I do Shareholders Association on air using the
Next Day.

Speaker 1 (01:06:39):
Keeping track of where the money is flowing. The Business
hour with hand a duple Sea Alid and Mass for
insurance investments and Chewi Saber You're in good hands.

Speaker 2 (01:06:50):
News Talk sa'd be.

Speaker 3 (01:06:54):
Evening coming up in the next hour. The Greens have
been very quiet about the climate disclosure rules softening, which
is because it was James Shaw's baby. Do you Native
Shranny will explain shortly Milfan Asset Management on the possible
AI bubble, and Gavin Gray with the latest on Prince
Andrew and his failure to pay rent. It's seven past
six now in New Zealand's new chief executive has been
in the job for what three days, and already has

(01:07:16):
had to deliver bad news to shareholders. The company has
downgraded its first half earnings expectations from a thirty four
million dollar profit forecast to an up to fifty five
million dollar loss. Oliver Amander is the chief executive of
the Shareholders' Association and with US now Hi Oliver, good
evening have Is this just a case of really bad
luck with the domestic recession in the US competition and

(01:07:36):
the engine problems.

Speaker 18 (01:07:39):
Well, that's a.

Speaker 15 (01:07:39):
Pretty good summary of what's really been impacting them, Heather.
But look these things it's the outcome of some decisions
made a long time ago, as is the long term
nature of the airline business. Yeah, they're really suffering because
of that sort of weak domestic economy in New Zealand.
The engine issues are hitting them hard. And the un
really unfortunate for them thing is for them that they

(01:08:02):
are working hard to preserve their what capacity they can
on their key routes and their key hub in Auckland.
But that's not necessarily helping them actually rebound in terms
of the growth that's occurring in the wider airline sector.
So we are seeing Quantus, for example, utilize their capacity
to actually challenging New Zealands and key routes. And yeah,

(01:08:23):
so they that they're they're ruined that the cost, the
long term cost of those engine issues and the lack
of capacity that that's giving them, and that's really showing
up in these results.

Speaker 3 (01:08:31):
What are these decisions, these decisions that were made a
while ago that you were referring.

Speaker 15 (01:08:34):
To, or just in terms of the and this isn't
anyone's issue, but it's just those decisions that are related
to the plane selection, engine selection and then how that's
played out in the longer term.

Speaker 3 (01:08:45):
Yes, do you have any concerns about the way the
business has been run in recent years? Such as I
don't know, No, I'm asking you. I mean, if it
is just a case of like a series of unfortunate
events that have happened to them, then that is just
what it is. Is there anything about the way that
it's been run that you're worried about or is it
simply the bad luck?

Speaker 15 (01:09:07):
I think they've been hit by a perfect storm of events.
And whether you call that luck, it probably is more
luck than actually decisions that they've made to themselves. And yeah,
and that's not been great, great outcome for shareholders. They Yeah,
that they have suffered from that lack capacity that's their
growth and hindered their ability to actually create some great results.
But I think this a little long term impact of this.

(01:09:29):
You know, they have been losing out in terms of
the capacity that they've been able to provide on those
key routes and there's a long way to come back
from that. Yeah, And obviously as competitors that filled that
space in New Zealand has effectively lost market share, thinks
will be really interested how that long term, how that
long term resolution.

Speaker 3 (01:09:48):
Which is to say that it's not it's not going
to be a quick face. This is a long battle
that they've got ahead of them, isn't it.

Speaker 15 (01:09:54):
It is a long battle and it's not a quick fix.
You're absolutely right. So, and that they have their best
to mitigate that. They've leased planes, they've taken other actions
that they can at least put some capacity on those routes.
But those least planes, those least engines, do come at
a cost as well, and that's probably impacting their short
term results. So for them right now. It probably does
feel a bit like a trade off between results right

(01:10:16):
now in the short term and actually preserving their strength
in the longer term.

Speaker 3 (01:10:20):
Oliver, while I've got you, do you have any opinion
on the softening of the Climate disclosure rules today? Oh?

Speaker 23 (01:10:27):
Yes, Look, the issue associated with CRD has really was
set back when it was first implemented, and that was
really where New Zealand.

Speaker 15 (01:10:39):
Took the somewhat unique approach of applying the regime to
listed companies only and excluding every other unlisted company. And
it's a pretty arbitrary and discriminatory way to base a regime.
So essentially that created the conditions where you had regulary
arbitrage where private companies did not want list on the

(01:11:00):
exchange in the context of that cost and boss that
was coming up. And look, I've got no doubt that
relaxing that threshold to by a significant degree will it
will help the exchange at least to some extent, but
it doesn't take away that fundamental regulatory of charge that exists.
And actually what it does do is it puts at
risk New Zealand. International investor confidence in New Zealand is

(01:11:23):
a credible place to invest as well. You know, we're
walking backwards from those commitments. That's differentiating us from the
world in terms of the progress that they're making in
terms of their disclosures. That this is a really nuanced argument,
and it does feel a bit like the government's taken
a very blunt ax to solve what is actually a

(01:11:45):
really nuanced problem.

Speaker 3 (01:11:46):
It's good to talk to you, Oliver. Thank you very
much appreciated, Oliver Amanda, chief executive of the Shareholders Association.
Twelve past six, hever Do for the album. Zesprie has
put out a release saying it has won a significant
legal victory in China defending the IP rights of New
Zealand Kiwi fruit growers. So this was what they were
worried about was the unauthorized planting of over two hundred

(01:12:06):
hectares of gold three in the Hubei province, and then
the fruit was harvested and sold online. The court has
ordered the defendant to remove the two hundred and sixty
hectares of infringing plant material and to pay compensation to
zespri of about one point two eight million dollar dollars.
So yeah, that'll be pretty pleased with that. Heather. I'm
striking tomorrow. I love your show, but your current guests

(01:12:28):
Jordan and Jack, thinking that we are asking for too
much money, need to be called out. I've just finished
my third shift this week, only worked three days more
to go. The days have been impossible, stressful, frustrating, a
juggle to determine which patient cares are the priority and
which are simply not going to happen. I have clocked
up five plus hours of voluntary work so far this week,
and I'm not able to get away because caring for
people is important. I actually think there are I suspect,

(01:12:50):
and I've said this on the show before quite a
number of times. I will say it again. I think
that there is a difference in the public sympathy for
nurses who we see just like that is a crap
job nobody wants to do, just for how stressful it is.
I think there's a difference in the public sympathy for
the nurses as opposed to the secondary school teachers who hmm,

(01:13:13):
maybe not quite well given the leave that they have,
may not be quite as stressed out. Thirteen past six
It's the Heather.

Speaker 1 (01:13:20):
Dupas Allen Drive Full Show podcast on my Heart Radio,
empowered by news Dog Zebbi.

Speaker 3 (01:13:27):
We were talking about Turner's cars before, right, just talking
about Turner's cars. Well, she can too many times in
the show, a lot of times in the show, but
most recently with the huddle. Well Todd, who runs Turner's Car,
his wife was listening and she made him send us
an email. So I'm going to read you that email
and a teck at sixteen pass six Andrew Curtain, Milford
Asset Management is with us. Hello Andrew, afternoon, Heather. Now

(01:13:49):
a lot of us are trying to figure out whether
we're in an AI bubble or not. Have we seen
signs we might be?

Speaker 24 (01:13:55):
Yeah, there's this son to be more and more signs
which are a little bit concerning. Just the shared numbers
that have been talked about. That's been spent in AI
at the moment is becoming quite outstanding. So globally we're
talking about six hundred billion dollars been invested in AI
data centers.

Speaker 2 (01:14:13):
So these are the.

Speaker 24 (01:14:13):
Data centers that are full of these super chips which
run the AI models. And but that number is expected
generally by the market to go to over one trillion
per per annum over the next couple of years. And
if you believe the CEO of DA Video Agents and
Huang he's talking about three to four trillion annually been
spent by the end of the year. So that's that's
around two and a half percent.

Speaker 2 (01:14:34):
Of the global GDP.

Speaker 24 (01:14:35):
So it's just three incredible numbers that you're talking about.
And then so amongst that, you're getting a lot of
stock prices which are and then certain companies which are
which are flying very high, up sort of one hundred
percent this year, up over a couple hundred percent over
a couple of years. So it's kind of a few
are the signs that of a bubble and a lot
of st deals happening into between companies. Open ais signing

(01:14:58):
deals with all sorts of companies, So this is becoming
a little bit more concerned.

Speaker 3 (01:15:02):
So are you going to make a call whether we're
in an AI bubble or not.

Speaker 24 (01:15:07):
It's a really, really difficult question to answer because one
of those ones, that's if the technolo if ao technology
ends up delivering on what it's hyped to be, and
so what the people like Sam Oltman from open AI
and Jensen onanqun never have it does what they say
it's going to do, Then you can probably justify what's
going on, right, But the problem is doesn't meet those

(01:15:27):
expectations over the next few years. And if it falls
short of those expectations, if all of a sudden, AI
isn't the game changing technology we thought it was going
to be and it does all the jobs for us
and we can focus on important tasks rather than doing
sort of time intensive data processing tasks, then then then
all this, all this investment is probably going to be
overdone and they will prove to be a bubble. But

(01:15:50):
one of the challenges, and that you sort of have
them trying to sort of time time sort when when
the spending might slow down, is actually looking at the
companies that are doing the spending. And in previous technology cycles,
it was funded by companies that maybe weren't quite as
strong as what the ones are doing today. So the
company is spending the most in AI are the likes
of Microsoft, Amazon, Google, Meta. You're talking about multi trillion

(01:16:14):
dollar companies with hundreds of billions that does the cash
on their balance sheet And if they want and they
do believe in this technology at the moment, you listen
to the CEOs and they absolutely believe.

Speaker 2 (01:16:23):
In the technology.

Speaker 24 (01:16:24):
So if they want to increase this spending, they can
easily do that. And if they decide to do that,
then the share prices may well keep going up in.

Speaker 2 (01:16:31):
A lot of these companies.

Speaker 3 (01:16:32):
So what are the developments that you're going to be
looking out for in the I don't know. Let's say
the coming weeks.

Speaker 24 (01:16:39):
Right now, we've got the results seasons kicking off in
the US next week. In the space of two days,
we have all the largest technology companies in the world
reporting results, So Microsoft, Amazon, Google.

Speaker 2 (01:16:52):
Meta, and Apple.

Speaker 24 (01:16:53):
Now, what the market's going to be really focused on
is what they say one about AI and the technology.
And I think it's pretty much given that they're all
going to say the technology is great and it's going
to change the world. But do they follow that through
with a big increase in capital spending expectations?

Speaker 2 (01:17:09):
So do they come out and say, oh, look.

Speaker 24 (01:17:10):
We're going to now increase sell AI data center investments
by another ten to twenty billion dollars versus what we
told you three months ago.

Speaker 2 (01:17:17):
And if they do.

Speaker 24 (01:17:18):
That, that might give the market leads to continue. The
risk is the market sort of is expecting them to
do to come out with that statement, and if they're
a bit softer than expected then that could spook the
market and you actually get.

Speaker 2 (01:17:29):
A sell off.

Speaker 3 (01:17:30):
Very interesting stuff, Andrew, thank you so much. It's a
fascinating topic. I'm looking forward to seeing how this plays out.
Andrew Curtain Milford Asset Management. Now Prince Andrew, so as
you if you will listen to the show yesterday you
will have heard Enderset It had just dropped the news
that Prince Andrew was living in fact in the Royal
Lodge rent free. Well that has gone down like a

(01:17:51):
couple cold sick in the UK. And now MP's are
saying he should be hauled before Parliament to justify living
rent free in the mansion. And here's Robert Jenrick, who's
the shadow, just the secretary, and he was not mincing
his words on the BEB.

Speaker 25 (01:18:02):
I think that he has behaved disgracefully. He's embarrassed the
Royal family time and again. He should really now leave
public life forever, stop having any subsidy from the taxpayer whatsoever,
and go and lead an entirely private life. The public
are sick of Prince Andrew and the damage that he's

(01:18:24):
done to the reputation of our role family and this country.

Speaker 3 (01:18:29):
And he reckons Andrew should give evidence about what he
knew about Epstein's abuse.

Speaker 25 (01:18:32):
We should be worried about though, as you rightly say,
are the victims of Jeffrey Epstein this appalling scandal and
they deserve answers and justice. If that involves Prince Andrew
giving evidence, informing inquiries about what he knew and what
his involvement was on, yes he should do that.

Speaker 3 (01:18:49):
Yeah, Okay, So Gavin Gray will give us his thoughts
when he's with us. Before the end of the program,
they say about twenty minutes from now six twenty two.

Speaker 2 (01:18:55):
Apouraging the numbers and getting the results.

Speaker 1 (01:18:57):
It's hither to the Selan with them business hour and
mass for insurance investments and Kiwi Saber, you're in good hands,
Newstalk said.

Speaker 3 (01:19:07):
Be whether I nearly had a car accident driving home?
Jack Taym was going on about climate change, and then
the next breath he said he used a gas barbecue. Well,
what about when he used charcole as well? I was like,
this very off brand for you.

Speaker 5 (01:19:18):
Jack.

Speaker 3 (01:19:19):
Anyway, sod Todd wrote us an email. This is Todd
who runs Turner's cars. He said, my wife rang me
to tell me you're talking about climate reporting, and you
were using turners as an example. The interesting thing we
have to intervite through our climate reporting and scenario analysis
is that as an organization we are actually a beneficiary
of major weather events, says Todd. Apparently what happens is

(01:19:39):
they sell off written they sell the written off cars
right for the insurance companies. So the big weather event,
your insurance company sells it off, turners are selling it
and then the people who lost the car obviously need
to buy a new car, so then turner sells them.
And so the turner sells their old car and then
sells them a new car. So for example, anniversary weekend
floods in Auckland and twenty twenty three, they sold a

(01:20:00):
as a result of that, an additional six thousand written
off flood damaged vehicles, and then sold a whole lot
of vehicles back to the people who needed new cars.
So February May twenty twenty three was one of the
busiest times for the business on record. And they like
the change that has happened today, the softening of the
climate disclosure rule six twenty five.

Speaker 1 (01:20:19):
There's no business like show business, nor.

Speaker 3 (01:20:26):
Couple city stunt's getting weirder and weirder, aren't they. Emma
Stone has got a new movie coming out. It's called
Bigonia and there's already an Oscars buzz about it. And
the movie follows a successful business woman CEO who gets
kidnapped and then held captive by some crazies who accused
her of being an alien. And in the film, the
kidnappers shave her hair off.

Speaker 2 (01:20:43):
Where's my hair? Your hair has been destroyed. You shaved
off my hair. Yes, you've shared off your hair. Why
have you shaved off my hair to prevent you from
contacting your ship? What ship?

Speaker 22 (01:20:56):
Your mother ship?

Speaker 6 (01:21:00):
Oh?

Speaker 2 (01:21:00):
Lord?

Speaker 3 (01:21:01):
That actually feels like some people who live on planet
Earth in this country at the moment. Anyway, big fans
like fans who were like, I'm really into this movie.
They got a chance to see the movie really really early.
But there was one catch. They had to shave off
their hair too, So they had people sit in a
barber's chair before the movie started and get a full
buzz cut. And that wasn't just the men. It was
lots of women with long locks. And they got themselves

(01:21:23):
in the buzz cut in exchange for a free movie.
And I'll tell you what that is just to me
just not worth it. A not you know what, It's
going to be streaming in five minutes on Netflix, so
you should have just waited. Anyway. There you go, that's weird.
There go, Well can you imagine doing that? Can you
imagine being so desperate.

Speaker 7 (01:21:43):
To be fair?

Speaker 6 (01:21:43):
I'm normally a number I'm like a number two anyway,
So it wouldn't be.

Speaker 7 (01:21:46):
Much of it.

Speaker 3 (01:21:46):
No, you wouldn't have to give up very much. And
I suppose, like if you want to, if you wanted
to rebel and do something about wacky and I have
always wanted to shave off your hair, it's a good
excuse to do it. It's like cover, isn't it. It's
cover for that kind of thing anyway. Gnative Training is
going to be with us next on the climate disclosure
rules and the facts that the fact that the Greens
have been weirdly quiet about it given that this was
their thing.

Speaker 24 (01:22:07):
News is next, whether it's macro micro or just plain economics.

Speaker 1 (01:22:15):
It's all on the Business Hour with Heather Duplicy, Ellen
and mass for Insurance Investments and Chewy Safer.

Speaker 2 (01:22:22):
You're in Good Ads News Talks.

Speaker 3 (01:22:25):
We could last feature Nassature feature right, you have grades
with us out of the UK very shortly obviously on
Prince Andrew then all to carry on. Also, there is
a guy who's a happiness professor from Harvard who has
revealed what his like perfect morning is to start him

(01:22:45):
for the day so that he can be super happy.
I'm going to run you through that in a minute,
so you can emulate if you want to. Twenty five
away from seven now the number of companies that will
be required to make climate related disclosures will be significantly slashed.
The government will now only require listed issuers with a
market app of more than a billion dollars to make disclosures.
Currently the thresholder sixty million dollars. Gena Tibsrainy is The

(01:23:05):
Herald's Wellington Business editor and with US Hygiene Hi he
is a complete radio silence from the Greens today.

Speaker 7 (01:23:12):
Well I was of as surprise.

Speaker 26 (01:23:14):
This is a fairly big announcement the government made. We
published news of it at five am. This was a
climate reporting regime that James Shaw introduced. Basically, James Shaw's
thinking was, if we get the country's biggest companies, banks, insurers,
fund managers, you know the people who run our key

(01:23:34):
we savers. If we get them to disclose what their
emissions are, you know, that's a good bit of sunlight
and that might prompt them to try to do business
in a way that's more environmentally friendly. And you know
that reporting is also good because that can you know,
if companies are looking at investing in climate friendly things,

(01:23:57):
they can see what the emissions are and you know,
make investment decisions accordingly. You know, banks can also do that.
They can lend to people who are trying to cut
a mission. So that was the thinking. James Shaw put
a lot of weight on this regime. You know, it's
been years in the making, it's only been up and
running for a short time. When the government announced this
morning that it was radically you know, well not radically

(01:24:20):
but quite substantially watering down that regime, I would have
thought the Greens would have been out there straight away,
you know, pointing this out. But the Greens did not
release a press release or statement on this today. So
you know, I asked them about it, I said, what
went on? It sounds like it might have just been logistics.

(01:24:42):
They didn't have the staff to do it. But you know,
one does have to question whether the greens emphasis is where.

Speaker 20 (01:24:49):
It is.

Speaker 3 (01:24:52):
Compared to when James Shaw was at the Home of
the bar not focused enough on the green part of
their name. Now do you think the removal of this
from the smaller businesses will encourage listings on the zet
X by businesses that perhaps may have been put off
by this, Well, you know.

Speaker 26 (01:25:07):
I thought this was quite a big call.

Speaker 7 (01:25:08):
So this is that the inzet X.

Speaker 26 (01:25:11):
They said that actually, because these disclosure rules are so onerous,
you know, to try to calculate your missions, and also
directors of companies can be personally liable if rules are broken.
Instics are saying that that prevented companies from wanting to list.
I think that's that's a pretty big statement to make.

(01:25:32):
I haven't heard this evidence, but that there might be
instances like that. I suspect companies are not listening for
a raft of reasons, and I can't see that this
is the main one. But you know, no doubt, I
think this decision by the government is just one more
little bit of red table difficulty it's trying to remove
to try to stimulate growth, get businesses listing on the

(01:25:54):
inzet X, which is not having a great time at
the moment.

Speaker 3 (01:25:57):
Now you've had a couple of days to you know,
let the the Labor Future Fund really sink into your brain.
What's your because I think you struck on something Janay
earlier this week that I think is very important, which
is that that it's almost it feels like an attempt
to kind of cozy the up to New Zealand first
ahead of the coalition potential coalition talks next election.

Speaker 8 (01:26:15):
There is that?

Speaker 16 (01:26:16):
Really?

Speaker 3 (01:26:16):
Do you think the primary motivator here?

Speaker 7 (01:26:20):
Oh, look, I think.

Speaker 3 (01:26:23):
It was a political policy.

Speaker 26 (01:26:26):
I thought that the main thing that really struck me
was that it puts the spotlight on asset sales. Because
there are many ways governments can invest in businesses and
lend to businesses. Labor did that a lot when it
was in government. There are many ways to do it
that don't involve coming up with a complicated scheme involving
our state owned enterprises. The difference with this scheme is

(01:26:47):
that it links the SOEs to the fund, and by
doing that, it's saying Labor wouldn't get rid of certain
state owned enterprises. So I think that then puts the
spotlight on National which is keen to do asset recycling,
you know, which is when we might celibate here to
buy a bit. They're free out money. So I thought

(01:27:08):
maybe from that perspective they ticked the box in terms
of politics, and as you say here that in terms
of you know, coming up with something that aligns them
with the New Zealand first, which is a good strategy
leading up to the election. I think, you know, to
Party Maori and the Green Party have drifted quite far
from where they were previously, potentially in such a way

(01:27:31):
that would put off a lot of centrist voters and
the Labor would be courting.

Speaker 3 (01:27:35):
Yeah, I think you might be right. Jenny, Thanks very much,
really appreciate your time. This Jenae tib Traney, who's the
Wellington Business Edit. It's anyway from.

Speaker 2 (01:27:42):
Seven Heather dup c Ellen.

Speaker 3 (01:27:44):
This has just dropped. The Commerce Commission is taking action
against ASB for breaches of the credit contracts and consumer financing.
This is the Triple CFA. This has really proven to
be quite an issue for the banks, the Triple CFA legislation.
The ComCom says the action is in connection to the
provision of overd some debt collection over payments. They're going
to file proceedings in the High Court in due course,

(01:28:05):
and because it's an active investigation, they can't comment any
more than that. Watch this space now. So there's a
happiness professor from Harvard called Arthur Brooks who has devised
a six step morning routine. Like he's you know, as
I say, he's a professor, he's an expert on happiness.
He's devised a six step morning routine that he reckon
sets him up for the best kind of day, Like

(01:28:27):
it gets him in the best mood for the best
day possible. So I'm going to run you through this
and you can decide if you if this is the
kind of thing that you're into. He looses me at
number one, I'm not gonna lie. Number one, wake up
before dawn. Research shows that getting up before the sun
rises can improve your creativity. You'll focus in your memory.
So he wakes up at half past four nearly every

(01:28:49):
day and as a result, he reckons he's experienced positive
effects on his mental health. Then he says number two,
he has to engage in physical activity really quickly. So
within fifteen minutes of half past four, he gets up,
gets here's a gym at his house. He starts exercising
he does. He reckons an hour a day, seven days
a week, and so you know, like some days it's cardio,
some days it's resistance training. That's just smart. Then he

(01:29:11):
gets metaphysical and he starts doing some sort of meditation.
Every morning. He does a meditation, He attends Mass, he
prays a Catholic meditation in his car, whatever it is.
He says, if you're not into doing religious stuff or
meditating or whatever, you can journal for twenty to thirty
minutes a day, which actually, interestingly is quite highly recommended
as a way to get your brain in the right place.

(01:29:33):
Number four, he delays his coffee intake. I feel like,
I guess I do not do number one. I don't
get up early. I do do number two, but not
before five o'clock in the morning. I do my physical
activity later in the day. I do get a little
bit metaphysical. Actually you don't need to know about that,
but it happens. Definitely delay the coffee intake. I'm with
him on this. He waits three hours before he has

(01:29:56):
his coffee, and then it prevents him having the three
pm slump later in the day. I do a the
same thing. I reckon then he has a high protein breakfast.
He eats non fat greek yogurt with way protein walnuts
and berries in the morning, makes him feel great, keeps
them full, and then he enters a flow state. So
instead of using the energy that his morning routine gives

(01:30:16):
him to check emails, take phone calls, or read the paper,
he starts working right away. He says, when he does that,
he can actually get two hours of super high quality
creative work done and he's in the flow for the
rest of the day. So there you go. That's how
you do it.

Speaker 6 (01:30:29):
Oh, I slipped?

Speaker 3 (01:30:32):
Is that the four thirty?

Speaker 15 (01:30:33):
As?

Speaker 3 (01:30:33):
He lost you at the first part.

Speaker 6 (01:30:35):
I was going to say, what of those six things
do you do? So I don't drink coffee, so otherwise
I would probably agree on the coffee thing. You would
You don't want to do that too that I mean,
I get straight to a meal when I wait, do
you do high protein? I eight wheat books. So do
you think the giant blueberry? Would that fit that hard?

Speaker 2 (01:30:52):
Aut?

Speaker 3 (01:30:52):
You just shuck that in there and you do a
bit of the meditational stuff and.

Speaker 6 (01:30:56):
Actually that's fair, yeah, But the rest of it, I'm
happy touch.

Speaker 3 (01:30:59):
That And do you walk to work. That's an hour exercise.

Speaker 6 (01:31:01):
Yeah, but I don't do that till it's work time.
I've usually you know, that's quite late in the day
for us because we don't.

Speaker 3 (01:31:06):
Get to work till me So why don't you drink coffee? Ans?

Speaker 6 (01:31:08):
I just it's not It's not my vice. I have
plenty of other vices. I don't really need to add
another one.

Speaker 3 (01:31:13):
I find it we had been people don't drink coffee.
Thank you for that. As hither the guy single and
has no sex life? Clearly sixteen away from seven.

Speaker 1 (01:31:20):
Everything from SMEs to the big corporates of the Business
hour with Heather Duplicyllen and Mass for Insurance Investments and
Kiwi Safer and you're in good hands news talks.

Speaker 3 (01:31:32):
That'd be Hither that little story that you just told
us about the guy getting up at four thirty and
is so true at full thirty is so true. I'm
a school principal. I get up at four, lord mate. Honestly,
I'm at my desk at five. You get so much
done when you're working from five to seven in the morning,
and then when the staff start turning up. I love
it frees me to freeze me up to be about
in the school, in and out of rooms, in the

(01:31:53):
playground and speaking to people and seeing parents. That's fantastic.
We're the best. We're in the best job. And I'm
not striking tomorrow, which is excellent in front load that.
So you're not striking tomorrow and already we're like, well
done you and you wake up at four in the morning.
That's impressive. Thirteen away from seven Gavin gray Are UK
correspondence with us Hallo Gevin Hi the header right, So

(01:32:13):
what's the latest with Andrew.

Speaker 11 (01:32:16):
Well, it's the story that is not going to go
away and must be really mounting further pressure on the
Rolls to do something more about it, mainly now because
the MPs are getting involved. They can't understand why they
decided the roll family decided not to actually strip him
with the title, saying yes, it would have taken up
parliamentary time, but so what that sounds like a bit

(01:32:39):
of an excuse to some people. And now of course
his living arrangements surre under scrutiny. He has this huge,
thirty roomed lodge in Windsor Ni, not far from the castle,
in beautiful grounds, and he's paying a peppercorn rent on
it now. He signed the lease through until twenty seventy five,
and property experts are saying, from what they can see

(01:33:00):
it is cast iron. Nobody could kick him out, and
that's led some to say, well, hang on, how was
this negotiated? Who negotiated it? And why is he only
paying a peppercorn rent and can still afford to stay there.
A senior opposition figure, one that many people tipped for
the top job, Robert Jenrick, said it was about time
quote Prince Andrew took himself off to live in private

(01:33:22):
because the public are sick of him, and many are
saying it's time the Prince compensated the taxpayer for the
lost rent on this royal lodge, something he would not
be able to do, and say that parliamentary committees could
look into the Crown of State's handling of the Prince's
living arrangements. The heat is most certainly being turned up, Heather,
And if the royals thought that by him agreeing not

(01:33:45):
to use his titles would put a lid on it,
that was a huge miscalculation, which.

Speaker 3 (01:33:50):
I could have told them and did tell them. Why
I didn't tell then, But I see it on Monday
because it was so obvious that this was going to
get out of hand. But now, so tell me we
were at with the MPs who are trying to strip
him of his princeship. Is that actually gonna happen?

Speaker 11 (01:34:03):
Well, basically, they can't, I think, do it on their own.
It has to be initiated by the King, who seems
reluctant to do that. But I think as pressure grows,
and no doubt Prince William, who is apparently absolutely determined
that when he takes over as king this will be done.

(01:34:24):
I think he's in the King's ears saying, Dad, you've
got to just separate this. You've got to separate the
mess surrounding Prince Andrew and Sarah Ferguson from the rest
of us, because it is bringing the whole of the
royal family into disrepute for the first time in five
hundred years. This week, the King of England will pray
with the Pope. It'll get next to no headlines because

(01:34:47):
of what Prince Andrew is doing, and the Royals would
be very annoyed about that too.

Speaker 3 (01:34:52):
Right now, what do you make of Ukraine heading that
Russian chemical plant with the long range missiles of the
UK Gavin.

Speaker 11 (01:34:58):
Yeah, this, of course is something that the Ukrainians have
been begging for longer range missiles in order to hit
the heart of Russia. Apparently it was a successful hit
that penetrated the Russian air defense system. The Ukrainian General
Staff said that they're still assessing the outcome of the
massive strike. That they're saying the Briance Chemical Plant is

(01:35:22):
really a key facility of Russia's military industrial complex, producing gunpowder,
explosive rocket fuel components, ammunition and missiles, and they're saying
that it'll really really ramp up pressure now on Vladimir
Putin to come to the table, because we do know
that the most recent meeting plan between Trump's team and

(01:35:43):
Vladimir Putin's team has been postponed indefinitely, with Trump saying
he didn't want a wasted meeting because Russia is saying, no,
we're not ready to stay where we are. We're not
going to keep the front lines where we are. We're
going to carry on, and that has led to a
joint statement signed by Ukrainian, German, French, attack Polish, Danish, Finnish, EU,
Norwegian leaders and British leaders saying Ukraine must be in

(01:36:05):
the strongest possible position before, during, and after an he
ceased far so. Although Russia has warned people not to
give Ukraine long range missiles, saying that it could bring
them into the fight, well the UK's done just that,
and now the pressure is on Russia on America to
do the same and give Ukraine permission to use long

(01:36:26):
range Tomahawk missiles.

Speaker 3 (01:36:28):
Interesting, Devin, thank you as always, love chatting to you.
We'll talk to you in a couple of days. It's
Kevin Gray are UK correspondent. Actually, this is fascinating. Get
a load of this case. You know how the cocoa
prices are up and chocolate's just going through the roof
and stuff. As a result of that. There's a couple
of chocolates over in the UK. One of them is
called the Penguin Bar and the other one's called the
Club Bar, and they are now no longer classified as
chocolate because the people who make them have just the

(01:36:49):
finding the cocoa price is so expensive they have basically
dropped the cocoa content so low they are now considered
no longer chocolate but chocolate flavor. So that's what's happening
to the world. Hither disclaimer. Four thirty starts in the
morning are built for male hormones. They are terrible for women.
We women need the sleep and also we need a
breakfast of protein before we start doing our morning exercises.

(01:37:13):
Remember that it's important. Eight away from seven it's the
Heather too.

Speaker 1 (01:37:18):
See Alan Drive Full Show podcast on iHeartRadio powered by
newstalg Zebbi.

Speaker 3 (01:37:26):
Heather at four o'clock is not good for women. This
is why men get paid more. Bob, shut up. What
a load of crap. That's okay if you're getting up
at four in the morning, that would be fine, if
it was normal to get up at four in the morning. Bob,
you know it's not. You're just winding us up, now,
aren't you.

Speaker 5 (01:37:42):
Now.

Speaker 3 (01:37:42):
Five away from seven, listen, we're being warned we have
to stop being polite to AI. I don't know if
you do this, but I do find myself accidentally doing
this when I'm doing the chat GPT instruction and then
it goes sorry, I wasn't able to find you that
would you like me to have another look? And I
go yes, please, And that's just because I've been taught
that's just manners, right, You just say yes please to
be people, so you say yes please to the AI. Well,
a US based AI anthropologist cliff Yerkowitz says, you must

(01:38:08):
not do this. You must not say please and thank
you to the AI. Otherwise you're blurring the line between
humans and technology. And quote, if we don't do it
in the right way, we're going to ascribe human attributes
that don't exist to AI. And I don't like that.
That's scary, he reckons. He's worried. People are already struggling
to tell the difference, especially kids. And apparently it's not unusual.

(01:38:29):
They did a survey of about more than one thousand people.
Sixty seven percent of people who use AI in the
US and seventy one percent of people who use it
in the UK up light to it.

Speaker 6 (01:38:38):
And well, I mean if the thing gets become self
aware and does a sky net sort of terminator on us,
I mean, hopefully it will remember which ones are just
repolite to it, and you know, maybe won't blow us up.

Speaker 3 (01:38:49):
Strang, I just thought that there might be a thing
in the program where if you say please, it's more
likely to give you, like some free stuff from open AI.

Speaker 6 (01:38:57):
Well, the way that way it can randomly do stuff
I mean he's probably worth it.

Speaker 7 (01:38:59):
Try all right, isn't it? Oasis?

Speaker 6 (01:39:03):
Oasis Champagne Sooven over the places?

Speaker 7 (01:39:05):
I was like, what was I? What was I doing?

Speaker 6 (01:39:06):
Jaysis Champagne Sooven over the pineapples?

Speaker 25 (01:39:08):
Yeah?

Speaker 7 (01:39:09):
Obviously.

Speaker 6 (01:39:11):
So two thousand and nine was when Oasis broke up
where we meant to perform at Rock on Sand festival
in Paris and it never happened because they had a
big bust up in the dressing room. Liam stormed around,
he threw a plumb around, apparently this is all going
to Nole, so I don't know.

Speaker 7 (01:39:24):
If it's actually true.

Speaker 6 (01:39:25):
And he had a cherry red Gibson guitar that was
an Ole's guitar that he broke. If you want to
buy that guitar, it is going under the hammer in London.
It was last sold for eight hundred and ninety thousand dollars.
It's expected this week to pitch one point one six
million New Zealand dollars. We go in for it, Oh well,
I mean I don't know if you'd be able to
play it that well, it was damaged, but yeah.

Speaker 3 (01:39:44):
Oh yeah, does it look nice and the wall look nice?
And you will we'll do it for ye oh thanks,
well wesh because we don't get paid enough because we
don't work to pack at four in the morning. According
to Bob anyway, listen, enjoy evening, see tomorrow by.

Speaker 1 (01:40:15):
For more from Hither Duplessy Allen Drive. Listen live to
news talks it'd B from four pm weekdays, or follow
the podcast on iHeartRadio.

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