Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
power sharp on insight the mike asking breakfast with bailey's real estate your local experts with national and global reach news talks at b morning and welcome today the indy scandal and how many people need to be sacked does this cross-party infrastructure deal actually mean anything we've got a big win in china for our apple growers mark and jenny line it up in politics wednesday richard arnold steve price they're as good as you get from offshore
welcome to the middle of the week seven past six now this thursday in fact tomorrow night new zealand time the new epicenter of british politics will deliver a piece of history and it's worth following it will elect britain's next prime minister trouble with that is no one's voted for him to be prime minister unless you can count the make a field voter indirectly doing so because they know why they want andy burnham to win and in becoming prime minister he will run the country potentially until 2029
That, surely, is all the evidence you need to never invite the idea of a five-year term.
Chapter 2: How does the upcoming British Prime Minister's election impact the political landscape?
If Burnham wins, it will make Sir Keir Starmer one of the most unsuccessful prime ministers of the modern age, a man who in 2024, just in 2024, won the vote with a spectacular majority, has watched his support evaporate in record time. Liz Truss, the other modern failure of note, of course, picked up the job and never won an election, so Starmer's win-then-loss is one for the history books.
Having been in Britain last week, you can feel its decay. I mean, places like London are still beautiful on a spring day, but the cost of living is ruinous, the illegal migration is a shambles, race is a major, and Makefield has a chance to tell Starmer they're sick of it. Like so much in democracy, Burnham won't change anything, of course. In fact, he'll make it worse.
He is of the left of an already left-leaning Labour movement, the same movement that's got Britain into the state it is. But people often don't think through the ramifications of their vote. If they did, Starmer would never have been delivered the sort of majority that's undone them in record time.
And as I say, places like London, they're still great cities, but the tourists, of course, don't live there. They only visit and drink cocktails and marvel at the mail and the palace. Those who live there can't afford it. And they're full of resentment over the aforementioned social issues they feel has robbed them of the country they once knew and loved.
which under normal circumstances would mean reform would win Makerfield, but the ability to put the knife directly into the Prime Minister and finish him with Andy Burnham is too good to resist. Hence tomorrow, hence history.
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Chapter 3: What are the implications of the recent immigration tech scandal?
News of the world in 90 seconds.
Now we start on the green and sunny shores of Avion where the water is oh so drinkable. A lot of war talk. Big Don's given BB a surf.
You don't have to knock down an apartment house every time you're looking for somebody. Without me there would be no Israel because no other president was willing to do what I did. I've had a great relationship with BB but now BB has too. Be more responsible with respect to Lebanon.
Now, Iran are in no doubt, of course, that Lebanon is indeed part of the deal.
Chapter 4: How are New Zealand's apple growers benefiting from a recent court ruling?
The two sides of this agreement are America and Israel on one side and Iran and Hezbollah on the other. The end of the war in Lebanon is an inseparable part of the complete end of the war. And the end of the war includes the end of the occupation as well. Right.
Big Don now keen to sort Ukraine.
This is not since World War Two or anything like this. I said eight wars. This was the one I thought was going to be the easiest step. There's a lot of dislike between the two leaders.
Dead man or dead PM walking Starmer. There's a great big here to that.
Chapter 5: What are the latest updates on inflation and its effects on food prices?
The sanctions are having a real impact on Russia and a real sense that now is the moment for all of us as a G7 to ramp up the pressure. And obviously you'll have seen this morning we put on even further sanctions in relation to Russia. Back home, Starmer could feel another knife as former Defence Secretary Healey stood up and gave it to him in the Commons.
I see the current defence investment plans falling well short of what is required.
And when allies are looking for British leadership, we must not fall behind.
When NATO needs European nations to step up, we must not fall short. Then Don's mate J.D. has given us the heads up on a plot by left-wing nutters to have bomb-laden drones fly into the birthday cage fight on the lawn of the White House.
So much of the far-left rhetoric is driving itself towards violence. It spins people up into these crazy situations where they feel like, I'm not going to argue against somebody or I'm not going to debate somebody or even vote against a politician. I'm going to go and commit violence.
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Chapter 6: How is the political climate affecting the Labour Party's credibility?
19 people were involved in the chat. Apparently they've grabbed a 19-year-old called Tyson, T-Y-C-E-N. They've laid charges after he may have culprit. Finally, if you're off to Europe for summer, we've got a list of the worst European places for bed bugs. So it comes from analysis of almost 13 million hotel reviews on TripAdvisor. So let's go three to one. Shall we? Third worst, Athens.
18 complaints per 100 views. Second coming in Carbos, which is in Greece. 19 complaints per 100.
Chapter 7: What are the key points from the recent World Cup match involving New Zealand?
But your winner, Rome. 31 complaints. Basically a third of every bed you're going to lie in in Rome is going to have bed bugs. So good luck with that. News of the world in 90. RBs have been flat out. Michelle Bullock yesterday didn't move, but there's a story behind that, and I'll let Andrew tell you that one in a moment. The two-day Fed meeting's underway. They're not expecting a cut.
This is Walsh's first meeting, of course, so it's a big deal.
Chapter 8: What insights does the episode provide about the future of media in New Zealand?
And by the way, if you haven't seen it this morning, oil's got a seven in front of it. So the times are getting better by the moment. More in a moment.
13 past.
Yes, interesting. Australia didn't, and the Fed probably won't, but the Bay of J, the Bank of Japan, did. 7-1 split. 7-1's not the end of the world, but they have increased, increased their rate to the highest level since 1995. Japan's always an interesting story. 15 past six. Bring the numbers. Andrew Kelleher, Shaw & Partners. Good morning. Yeah, very good morning, Mike. 2.8 to the negative.
Are we worried about this? Yeah, I mean, look, your agri-sector has been the shining light in the economic landscape, hasn't it? And I think a lot of us, myself included, enjoyed the joie de vivre evident at the field days last week. But I think there is guarded optimism that this sort of strong run of global prices in the sector, right across the sector, will continue.
And in that vein, the global dairy trade auction was run in the early hours of this morning. If I look at what the futures pricings have been doing since the last auction in early June, they have been soft. So you've got sort of a slightly weaker lead into last night, and we have ended up with a slightly softer outcome. The global dairy trade price index has fallen 2.8%. It is now...
uh 7.4 percent lower than the peak we saw in that price index in march and the weakness is in the core commodities and i think that will draw a little bit of attention so skim milk powder fell 3.6 percent whole milk powder 3.1 percent lower almost all the commodities across the auction falling in price um that skim milk powder um price market uh it's been sort of Quite strong.
It's one thing that's been lifting up the price index. I've been well supported this year. The average price last night is the lowest since March. It's still broadly within the range, but I think attention is going to be sort of sharpened now on this whole milk powder lowest average price level also since February. Will the forecast farm gate milk price get examined?
I think there'll be a few calculators running numbers there. I don't think there's any cause for concern right now, but I do think there's going to be heightened interest in the next couple of auctions. And a lot of interest yesterday. This is a pause that's not over, is it, in Australia? Well, as opposed, it all depends on how they're in a watch and wait sort of mode.
So Reserve Bank of Australia reviewed their cash rate yesterday. So, yeah, you've got Federal Reserve tomorrow also reviewing Fed funds rate. First meeting for new chair Kevin Walsh, as you said, Bank of England later in the week and Bank of Japan lifting their policy rate last night. It's a busy week. The RBA hold was expected. I think that's what the market was looking at.
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