June 25, 2024 • 5 mins
Our weekly chat with our Business man.
- NZ recorded a trade surplus in goods trade in May
- Protests at parliament last night about a return to live animal exports
- Phil just back from Paris - how is the city looking a month out of The Olympics?
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Episode Transcript
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Speaker 1 (00:00):
Sport, the latest from the Land and just great rock.
It's the Country Sport Breakfast with Brian Kelly on Gold Sport,
your home of live commentary.
Speaker 2 (00:09):
Business is Business.
Speaker 1 (00:20):
On what you say.
Speaker 2 (00:21):
You're trying to return.
Speaker 3 (00:30):
From his European business meetings, Phil O'Reilly from Iron Duke Partners. Phil,
Welcome home mate.
Speaker 1 (00:35):
Thanks p K. It's a great day to be back
in Auckland. Lovely early winter's day. Lovely.
Speaker 3 (00:39):
All right, well let's get into it. It won't hold you up.
You're very very busy. Good news. New Zealand recorded a
trade surplus in goods trade and may we exported more
than we imported in that month. Now I guess that's
good news or on the missing something here?
Speaker 1 (00:53):
Yeah, it's it's actually good news, and make sure of
it is also good. This is only good exports, of course,
not services exports like art are and digital and education
and so on. But it's still a big part of
our economy. Some good news about those numbers. Firstly, it
wasn't all aligned on China. In fact, China reduced year
on years it's exports from US and the big winner
(01:14):
was the United States, which demonstrates a good thing. We're
diversifying our export markets. That's good. The second thing that
was good about it was it wasn't just led by
the usual suspects. In fact, wine was to standout and
I'm doing my best. They're drinking it, of course, is
the other wine. But you know at wine to the
United States, for example, so high value exports, branded exports
into high end markets. So that's the good news. The
(01:35):
bad news is the reason we had a surplace, of course,
is we didn't import very much, and that's because our
economy is so sick. So you know, cars absolutely took
a dive because of those silly you know, subsidies from
the government rolling away. They've they've they've died a bit
of a deafer in gyms of imports, and of course
electronic goods. Nobody's buying a TV right now or a
washing machine because they're just waiting out. This is these
tough times, so good news and bad news. Good news
(01:57):
that we're diversifying markets, clearly bad ne us is that
the reason we got a surpluses, we didn't import very
much because we're not doing so well as an economy,
so you know, couldn't bad.
Speaker 3 (02:05):
Brilliantly explained, all right, yesterday and last night there were
protests of Parliament about a return to live animal exports.
So what should farmers be thinking about in terms of
live experts in the future film.
Speaker 1 (02:17):
Yeah, this is a really interesting topic this and I
wanted to sort of say to you, because you've got
a big farming audience, that it's really important. I think
when it comes to live exports that farmers take the
townes on board with them. And I think it's going
to be very damaging a farmers say, look, we know
what we're doing. We've got this animal office stuff all
sorted out. You know, you know, I did don't know
what you're talking about, new townies, We'll just get on
(02:37):
with it and sell it. I think that's ignoring social
license if they do that, and I hope they won't,
but it's important we take the whole of New Zealand
on this journey. And that's also important because customers in
wealthy markets and I come back to the US are
becoming more and more interested in animal welfare issues. I
was just in a high end supermarket in New York
a few months ago which was which was sprooking the
(02:59):
animal wealth fair issues around the meat that was in
the meat to the meat to freezing and so on.
So this is becoming an issue and I think it's
really important that farmers don't just say, oh gosh, we've
got a right to do it. We know what we're
doing with our animals, will sort it out. I think
they need to take the whole of New Zealand with them,
and if they cannot, then I think they shouldn't be
doing it. And that's a tough thing for farmers to hear.
It's a big source of income. But there's a license
(03:21):
to operate is shoe here and farmers need to take
the city fok on board with them in terms of
what they're doing to make sure those animals are safe
and well on their journey to their final destination.
Speaker 3 (03:30):
Yeah. Absolutely, well explained. Not really a business question here, Phil,
This is a country's bort breakfast. But you've just returned
from Paris. The Olympics are about to start. We have
thirty days and twenty one hours until they get underway.
What did you see.
Speaker 1 (03:44):
Oh, well, it's it's just fantastic. Big in Europe of
course right now. You know the euros are going on
the so the soccer Euros and the privilege of watching
Germany play sitting in Berlin in a bar having a
German beer. I mean, that's fantastic fun. I watched the
Palms play in London. Just bring it, you know, just
in the hotel and around them the local pubs and
the locals take it all in with this shits on.
But really the big story is Paris. And as you
(04:06):
walk around, I've known Paris for a long time and
not pretty well as a city. It's absolutely torn apart
right now. All the stands are going up, and the
police are around and so and so it's quite up
to move from the city. But really the story of
it is the Olympics is going to be very much
in Paris, right inside the Trocadero, inside the Eiffel Tower,
inside the plastic concord on the River Saine. And it's
very clear when you look at the preparations that all
(04:27):
the camera angles and all the rest are going to
focus on those beautiful monuments of Paris. And so it's
just going to be fantastic to watch. And I suspected
the big gold medal winner will not be any athlete,
that will actually be the most beautiful lady of all
the city of Paris. That'll be just going to be
a massive tourist opportunity and a great thing to watch
(04:48):
for those of you who never visited Paris. They're going
to show it off brilliantly. So I'm looking forward to
seeing not just the sport, but the way in which
one of the great cities of the world is celebrated.
Speaker 3 (04:56):
And no doubt the scaffolding has come down, has it
off the Notre Dame.
Speaker 1 (05:00):
It's coming down yet it's not quite finished. It won't
be finished it until the new year, but there's certainly
all the water is up now and that's certainly looking
absolutely gorgeous. Won't be over to the public, but you know,
there's done a great job there restoring it back to
looking pretty much what it was before before the tragic fire.
Speaker 3 (05:15):
Fantastic Phil great to catch up. Let's do it next week.
Have a great week. Thanks okay, fellow Riley from I
Duke Partners here on gold Sport in the Country, Sport
Breakfast and of course gold sport across the course of
the Olympic Games will be well, it'll be live with
all the events that New Zealand are competing and it's
going to be absolutely wonderful and just over thirty days
from now,
Sport, the latest from the Land and just great rock.
It's the Country Sport Breakfast with Brian Kelly on Gold Sport,
your home of live commentary.
Speaker 2 (00:09):
Business is Business.
Speaker 1 (00:20):
On what you say.
Speaker 2 (00:21):
You're trying to return.
Speaker 3 (00:30):
From his European business meetings, Phil O'Reilly from Iron Duke Partners. Phil,
Welcome home mate.
Speaker 1 (00:35):
Thanks p K. It's a great day to be back
in Auckland. Lovely early winter's day. Lovely.
Speaker 3 (00:39):
All right, well let's get into it. It won't hold you up.
You're very very busy. Good news. New Zealand recorded a
trade surplus in goods trade and may we exported more
than we imported in that month. Now I guess that's
good news or on the missing something here?
Speaker 1 (00:53):
Yeah, it's it's actually good news, and make sure of
it is also good. This is only good exports, of course,
not services exports like art are and digital and education
and so on. But it's still a big part of
our economy. Some good news about those numbers. Firstly, it
wasn't all aligned on China. In fact, China reduced year
on years it's exports from US and the big winner
(01:14):
was the United States, which demonstrates a good thing. We're
diversifying our export markets. That's good. The second thing that
was good about it was it wasn't just led by
the usual suspects. In fact, wine was to standout and
I'm doing my best. They're drinking it, of course, is
the other wine. But you know at wine to the
United States, for example, so high value exports, branded exports
into high end markets. So that's the good news. The
(01:35):
bad news is the reason we had a surplace, of course,
is we didn't import very much, and that's because our
economy is so sick. So you know, cars absolutely took
a dive because of those silly you know, subsidies from
the government rolling away. They've they've they've died a bit
of a deafer in gyms of imports, and of course
electronic goods. Nobody's buying a TV right now or a
washing machine because they're just waiting out. This is these
tough times, so good news and bad news. Good news
(01:57):
that we're diversifying markets, clearly bad ne us is that
the reason we got a surpluses, we didn't import very
much because we're not doing so well as an economy,
so you know, couldn't bad.
Speaker 3 (02:05):
Brilliantly explained, all right, yesterday and last night there were
protests of Parliament about a return to live animal exports.
So what should farmers be thinking about in terms of
live experts in the future film.
Speaker 1 (02:17):
Yeah, this is a really interesting topic this and I
wanted to sort of say to you, because you've got
a big farming audience, that it's really important. I think
when it comes to live exports that farmers take the
townes on board with them. And I think it's going
to be very damaging a farmers say, look, we know
what we're doing. We've got this animal office stuff all
sorted out. You know, you know, I did don't know
what you're talking about, new townies, We'll just get on
(02:37):
with it and sell it. I think that's ignoring social
license if they do that, and I hope they won't,
but it's important we take the whole of New Zealand
on this journey. And that's also important because customers in
wealthy markets and I come back to the US are
becoming more and more interested in animal welfare issues. I
was just in a high end supermarket in New York
a few months ago which was which was sprooking the
(02:59):
animal wealth fair issues around the meat that was in
the meat to the meat to freezing and so on.
So this is becoming an issue and I think it's
really important that farmers don't just say, oh gosh, we've
got a right to do it. We know what we're
doing with our animals, will sort it out. I think
they need to take the whole of New Zealand with them,
and if they cannot, then I think they shouldn't be
doing it. And that's a tough thing for farmers to hear.
It's a big source of income. But there's a license
(03:21):
to operate is shoe here and farmers need to take
the city fok on board with them in terms of
what they're doing to make sure those animals are safe
and well on their journey to their final destination.
Speaker 3 (03:30):
Yeah. Absolutely, well explained. Not really a business question here, Phil,
This is a country's bort breakfast. But you've just returned
from Paris. The Olympics are about to start. We have
thirty days and twenty one hours until they get underway.
What did you see.
Speaker 1 (03:44):
Oh, well, it's it's just fantastic. Big in Europe of
course right now. You know the euros are going on
the so the soccer Euros and the privilege of watching
Germany play sitting in Berlin in a bar having a
German beer. I mean, that's fantastic fun. I watched the
Palms play in London. Just bring it, you know, just
in the hotel and around them the local pubs and
the locals take it all in with this shits on.
But really the big story is Paris. And as you
(04:06):
walk around, I've known Paris for a long time and
not pretty well as a city. It's absolutely torn apart
right now. All the stands are going up, and the
police are around and so and so it's quite up
to move from the city. But really the story of
it is the Olympics is going to be very much
in Paris, right inside the Trocadero, inside the Eiffel Tower,
inside the plastic concord on the River Saine. And it's
very clear when you look at the preparations that all
(04:27):
the camera angles and all the rest are going to
focus on those beautiful monuments of Paris. And so it's
just going to be fantastic to watch. And I suspected
the big gold medal winner will not be any athlete,
that will actually be the most beautiful lady of all
the city of Paris. That'll be just going to be
a massive tourist opportunity and a great thing to watch
(04:48):
for those of you who never visited Paris. They're going
to show it off brilliantly. So I'm looking forward to
seeing not just the sport, but the way in which
one of the great cities of the world is celebrated.
Speaker 3 (04:56):
And no doubt the scaffolding has come down, has it
off the Notre Dame.
Speaker 1 (05:00):
It's coming down yet it's not quite finished. It won't
be finished it until the new year, but there's certainly
all the water is up now and that's certainly looking
absolutely gorgeous. Won't be over to the public, but you know,
there's done a great job there restoring it back to
looking pretty much what it was before before the tragic fire.
Speaker 3 (05:15):
Fantastic Phil great to catch up. Let's do it next week.
Have a great week. Thanks okay, fellow Riley from I
Duke Partners here on gold Sport in the Country, Sport
Breakfast and of course gold sport across the course of
the Olympic Games will be well, it'll be live with
all the events that New Zealand are competing and it's
going to be absolutely wonderful and just over thirty days
from now,
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