Latest / The Kenny Report / The Kenny Report | 10 April

Transcript

The Kenny Report | 10 April · The Kenny Report

• 0:01
  Speaker 1: Live from the Skying New Center.
• 0:03
  Speaker 2: This is the Kenny Report.
• 0:05
  Speaker 3: I really agree that thanks for joining me, coming to
• 0:09
  Speaker 3: you live from Adelaide tonight, the sporting capital of the
• 0:12
  Speaker 3: nation for the next four days. The election campaign focus
• 0:15
  Speaker 3: today was energy, with the Labor government refusing to detail
• 0:19
  Speaker 3: what its renewables plus story system will cost and refusing
• 0:24
  Speaker 3: to apologize for breaking its promise on electricity prices. It's
• 0:29
  Speaker 3: time for the coalition to explain why nuclear is not
• 0:32
  Speaker 3: just an option but an absolute necessity. And global stock
• 0:37
  Speaker 3: markets bounce back with a vengeance after Donald Trump backs
• 0:41
  Speaker 3: down at least for now, on.
• 0:43
  Speaker 2: His tariff war.
• 0:44
  Speaker 3: I'll speak with former Foreign Minister Alexander Downer about all that.
• 0:48
  Speaker 2: I'll catch up.
• 0:49
  Speaker 3: Also with a Liberal MP Nicole Flint on the campaign trail.
• 0:53
  Speaker 2: Former Liberal MP the Cole Flint.
• 0:55
  Speaker 3: That is, after all she's been through, why is she
• 0:58
  Speaker 3: going back into politics? Also former Labor Defense Minister Joel
• 1:02
  Speaker 3: fitsgiven on this week's campaigning, and Tim Blair and Mark.
• 1:06
  Speaker 2: Nicholson will give their verdicts too. Let's get into it.
• 1:14
  Speaker 3: The nation's energy self harm was under the spotlight in
• 1:18
  Speaker 3: the National Press Club debate today, moderated by our own
• 1:21
  Speaker 3: Tom Connell, and it was pretty extraordinary for the way
• 1:25
  Speaker 3: the Climate and Energy Minister Chris Bowen simply refused to
• 1:29
  Speaker 3: confront reality, refused to share figures or modeling or costings,
• 1:34
  Speaker 3: and just pretended that his horrendously expensive and failing plan
• 1:39
  Speaker 3: of renewables plus storage while he just pretended it's all
• 1:43
  Speaker 3: going swimmingly. The Shadow Minister Ted O'Brien tried to extract
• 1:48
  Speaker 3: an apology.
• 1:50
  Speaker 4: The Treasurer last night could not even bring himself to
• 1:53
  Speaker 4: say a simple word sorry, Sorry, we got it wrong.
• 1:57
  Speaker 5: Sorry.
• 1:57
  Speaker 2: We promised you all through.
• 2:00
  Speaker 4: Even the term of government two hundred and seventy five
• 2:02
  Speaker 4: dollars reduction household bills, but actually you're paying well over
• 2:04
  Speaker 4: one thousand dollars. And I hope Chris takes the opportunity
• 2:07
  Speaker 4: today just to look down the barrel of the camera
• 2:10
  Speaker 4: and say Australian's we've got it wrong.
• 2:12
  Speaker 5: Sorry.
• 2:16
  Speaker 3: Yeah, Sorry does always seem to be the hardest word,
• 2:18
  Speaker 3: doesn't it. But Sky News contributed Chris Jelman tackled Bowen
• 2:22
  Speaker 3: on electricity prices too, and in particular Bowen's attempts to
• 2:26
  Speaker 3: use Labour's six billion dollars worth of power rebates to
• 2:30
  Speaker 3: pretend that prices have gone down.
• 2:34
  Speaker 5: It's a very very simple question.
• 2:36
  Speaker 6: Have electricity prices risen on your watch the exact opposite
• 2:41
  Speaker 6: of what you pledged?
• 2:42
  Speaker 2: Have that We have never denied.
• 2:44
  Speaker 7: We have never denied that energy prices are high that
• 2:47
  Speaker 7: we would like. That's why we've delivered three rounds of
• 2:49
  Speaker 7: energy to relief relievers.
• 2:51
  Speaker 8: Stag, you wrote electricity prices have fallen.
• 2:54
  Speaker 5: That's not true, is it.
• 2:56
  Speaker 7: Well, the fact of the matter is, if you look
• 2:58
  Speaker 7: at the recent data, Australia has had the lowest energy
• 3:00
  Speaker 7: inflation in the world.
• 3:06
  Speaker 2: Tier tier.
• 3:08
  Speaker 3: They promised a cut of two hundred and seventy five
• 3:10
  Speaker 3: dollars a year, but we've seen prices rise by thirteen
• 3:14
  Speaker 3: hundred dollars a year instead. Yet they cannot bring themselves
• 3:17
  Speaker 3: to say it. It is pathetic and infuriating. But what's
• 3:22
  Speaker 3: most important is the future, of course, and Bowen is
• 3:26
  Speaker 3: promising to keep going with his renewables built out. Hundreds
• 3:31
  Speaker 3: of billions of dollars will be spent on wind farms
• 3:34
  Speaker 3: and solar factories and offshore wind and pumped hydro and
• 3:38
  Speaker 3: transmission lines all around the country. And somehow Bowen argues
• 3:42
  Speaker 3: that while all this has driven prices skywards. Doing more
• 3:47
  Speaker 3: of the same will one day drive prices lower. This
• 3:51
  Speaker 3: is literally the definition of insanity. And what's worse is
• 3:56
  Speaker 3: that Labor once say what all this will cost?
• 4:01
  Speaker 7: Here is a small example of the reports that the
• 4:04
  Speaker 7: government bases our expert plan on, whether it is by
• 4:08
  Speaker 7: the EMO, the Australian Energy Regulator, the Australian Energy Market Corporation,
• 4:13
  Speaker 7: full analysis of the pathway that the government has set out.
• 4:16
  Speaker 7: Because we base our plan on the experts, the work
• 4:19
  Speaker 7: of the Australian Energy Market Operator, the work of the CSIRO,
• 4:22
  Speaker 7: Australian Energy Market Corporation. As I said, the difference between
• 4:25
  Speaker 7: ten to night's okay, we don't. Neither of us are
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  Speaker 7: the people in Australia who know the most about the
• 4:32
  Speaker 7: energy market. There are others. I listen to them, heat
• 4:35
  Speaker 7: ignores them.
• 4:36
  Speaker 2: Yeah, you'll have sore biceps after that. Way'ting. But sure
• 4:40
  Speaker 2: labor is armed with a bunch.
• 4:41
  Speaker 3: Of reports, but they're prepared by government agencies that are
• 4:45
  Speaker 3: charged only with working out how to deliver the government's
• 4:49
  Speaker 3: chosen policies. They don't examine all the ranges of options available,
• 4:54
  Speaker 3: and nuclear, for instance, is out of the question because.
• 4:56
  Speaker 2: It's currently illegal in this country.
• 5:00
  Speaker 3: Debate is inane and Bowen simply will not give a
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  Speaker 3: straight answer.
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  Speaker 4: Minister, are you going to get the Australian people an answer?
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  Speaker 4: I'm telling you our plan is going to cost three
• 5:10
  Speaker 4: hundred and thirty one billions generation, storage and transmission.
• 5:13
  Speaker 5: How much is yours going to cost?
• 5:15
  Speaker 3: Well, he just won't say in direct terms. So this
• 5:19
  Speaker 3: is a watershed election for energy. It's our best chance
• 5:24
  Speaker 3: to get a short term focus from the Coalition on
• 5:27
  Speaker 3: more gas generation, to relieve prices and to boost supply immediately.
• 5:33
  Speaker 3: But more importantly, it's an historic opportunity to get started
• 5:37
  Speaker 3: on nuclear, which is the only reliable and affordable option
• 5:42
  Speaker 3: if we want emissions free electricity.
• 5:46
  Speaker 2: The Coalition needs to explain to.
• 5:48
  Speaker 3: People that nuclear is not just an option, it's actually
• 5:52
  Speaker 3: the only option if we want to get rid of
• 5:55
  Speaker 3: emissions and keep the lights on. Because Labour's renewables plus
• 6:00
  Speaker 3: storage experiment is doomed to fail. That's why not a
• 6:04
  Speaker 3: single other country is even trying to do it. And
• 6:08
  Speaker 3: remembering that all this energy self harm, of course, is
• 6:11
  Speaker 3: driven by the way governments have enslaved themselves to the
• 6:15
  Speaker 3: United Nations net zero by twenty fifty agenda. There was
• 6:19
  Speaker 3: welcome reluctance from Ted O'Brien today to tie the coalition
• 6:24
  Speaker 3: too strongly to those goals.
• 6:27
  Speaker 9: You're prepared, all of those things considered that if it
• 6:30
  Speaker 9: is in the national interest to potentially leave Paris.
• 6:32
  Speaker 4: I can commit that we will always act in the
• 6:34
  Speaker 4: national interest and we will be upfront with the Australian people.
• 6:39
  Speaker 2: Yeah, how about that.
• 6:40
  Speaker 3: Hey, our energy needs and our economic needs ahead of
• 6:44
  Speaker 3: un virtue signaling heresy to the green left, of course,
• 6:49
  Speaker 3: but common sense to mainstream Australians.
• 6:56
  Speaker 2: We've been talking.
• 6:57
  Speaker 3: Trade and tariffs the past week or so and chaos
• 7:00
  Speaker 3: in the global trade system thanks to US President Donald
• 7:03
  Speaker 3: Trump's tariff's war, his unilateral imposition of tariffs on all
• 7:08
  Speaker 3: imports into the US. We've talked about how stock markets
• 7:12
  Speaker 3: plummeted around the world, including here in Australia.
• 7:15
  Speaker 2: It's been a bloodbath and fears of recession escalated.
• 7:19
  Speaker 3: And all this happened because of one man's sweeping tariff changes.
• 7:25
  Speaker 3: Remember when he announced them, he called it Liberation Day.
• 7:29
  Speaker 3: I said last night there would be hell to pay
• 7:31
  Speaker 3: in the US. When people started to realize what harm
• 7:34
  Speaker 3: Trump was delivering, to his own people, and we wondered
• 7:38
  Speaker 3: how long Trump could put up with watching stock markets tumble.
• 7:42
  Speaker 2: Well we didn't have to wait long.
• 7:45
  Speaker 3: Overnight, the President, in the blinking of an eye, cut
• 7:48
  Speaker 3: back all the tariffs to a flat ten percent, except
• 7:52
  Speaker 3: for China, the country that's always been the prime target
• 7:56
  Speaker 3: of his tariff attack.
• 7:58
  Speaker 10: Well, I thought that people were jumping a little bit
• 8:02
  Speaker 10: out of line.
• 8:03
  Speaker 11: They were getting yippie, you know, they're getting a little
• 8:05
  Speaker 11: bit yippy, a little bit afraid, unlike these champions, because
• 8:10
  Speaker 11: we have a big job to do.
• 8:11
  Speaker 5: No other president would have done what I did. No
• 8:13
  Speaker 5: other president I know the presidents, they wouldn't have done it.
• 8:16
  Speaker 2: And it had to be done.
• 8:19
  Speaker 3: This is life in the era of Donald Trump two
• 8:21
  Speaker 3: point zero. Because just like that, things changed, a ninety
• 8:25
  Speaker 3: day pause for the Trump tariff strategy, and the markets
• 8:29
  Speaker 3: have rocketed back. Australia's stock market had its best day
• 8:33
  Speaker 3: for five years, and our dollar has recovered too.
• 8:38
  Speaker 12: Every sector was in the green tech stocks jump more
• 8:41
  Speaker 12: than seven percent, mining stocks and energy companies rup about
• 8:44
  Speaker 12: six percent. The market finished the day up four point
• 8:47
  Speaker 12: five four percent. It's at seven seven hundred and nine
• 8:50
  Speaker 12: points earlier this week Thesi dollar slump below sixty US
• 8:53
  Speaker 12: cents for the first time since the pandemic. Within the
• 8:56
  Speaker 12: past twenty four hours, it's gained about three percent against
• 8:58
  Speaker 12: the greenback. That's its larger single day game since the
• 9:01
  Speaker 12: GFC in two thousand and eight.
• 9:05
  Speaker 3: The trouble is this uncertainty is far from over. Nobody
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  Speaker 3: really knows what comes next, because that involves reading the
• 9:12
  Speaker 3: mind of one Donald Trump.
• 9:14
  Speaker 2: Our own prime minister is finding it hard to keep up.
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  Speaker 13: No one has a better deal than Australia at ten percent.
• 9:22
  Speaker 13: Now President Trump has announced another change in policy overnight.
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  Speaker 13: We have, of course, got a better deal than any
• 9:33
  Speaker 13: country on the planet in the announcements that President Trump
• 9:37
  Speaker 13: made just last Thursday morning.
• 9:40
  Speaker 2: Well it's not the best deal anymore.
• 9:43
  Speaker 3: It's the same deal as every other country except China.
• 9:47
  Speaker 3: So Australia's position hasn't changed, but everybody else has improved.
• 9:52
  Speaker 3: We still need to get rid of any tariffs on
• 9:55
  Speaker 3: Australian exports. Still, the global economy looks considerably better today.
• 10:00
  Speaker 2: Than it did yesterday, but for how long.
• 10:04
  Speaker 3: The only thing that is certain about America's trade and
• 10:06
  Speaker 3: tariff policies at the moment is more uncertainty. Let's tease
• 10:16
  Speaker 3: out more on this energy debate, and to do that,
• 10:19
  Speaker 3: I'm joined by Zoe Hilton.
• 10:20
  Speaker 2: She's the senior.
• 10:21
  Speaker 3: Policy analyst with the Energy program at the Center for
• 10:25
  Speaker 3: Independent Studies.
• 10:26
  Speaker 2: Thanks for joining us, Zoe.
• 10:27
  Speaker 3: The debate at the Press Club today between the Climate
• 10:30
  Speaker 3: and Energy Minister Chris Bowen and his shadow Ted O'Brien.
• 10:34
  Speaker 3: What was the main takeout of that exchange from your
• 10:36
  Speaker 3: point of view?
• 10:40
  Speaker 14: I think the main takeaway is that there is a
• 10:42
  Speaker 14: serious lack of actual understanding of how much all of
• 10:45
  Speaker 14: this is going to cost. We still couldn't get a
• 10:47
  Speaker 14: clear answer from the Energy Minister on the total system
• 10:51
  Speaker 14: cost of this ninety percent renewables read that his policy
• 10:55
  Speaker 14: is trying to build, and I think without knowing what
• 10:57
  Speaker 14: the system cost is going to be, it's very difficult
• 10:59
  Speaker 14: to know what bills are going to look like in
• 11:01
  Speaker 14: the future.
• 11:04
  Speaker 2: Well, that's exactly right.
• 11:05
  Speaker 3: I mean Chris Bowen, as the minister, seems to be
• 11:07
  Speaker 3: more intent on spinning figures about what the coalition's energy
• 11:12
  Speaker 3: policy will cost, and he takes a figure that was
• 11:15
  Speaker 3: provided by a special interest group and uses that. As minister,
• 11:20
  Speaker 3: he should be more interested in what his plan is costing,
• 11:23
  Speaker 3: shouldn't because whatever it costs, we as consumers are going
• 11:27
  Speaker 3: to have to pay.
• 11:30
  Speaker 14: Yes, exactly, and the energy market operated, they have the
• 11:34
  Speaker 14: resources to do this. But unfortunately their big plan, the
• 11:38
  Speaker 14: Integrated System Plan, which the Energy Minister has taken on
• 11:41
  Speaker 14: board as his own plan, it doesn't include.
• 11:44
  Speaker 6: All of the costs.
• 11:45
  Speaker 14: It excludes all of the consumer energy resources costs, which
• 11:49
  Speaker 14: pretty much just means they're assuming that there'll be a
• 11:51
  Speaker 14: thirty fold increase in home battery uptake by twenty fifty
• 11:56
  Speaker 14: and they don't include that as a cost, So they're
• 11:57
  Speaker 14: expecting people to go out and buy these very expensive
• 12:00
  Speaker 14: home batteries and then just provide them to the grid
• 12:04
  Speaker 14: for free. Essentially, that's one of the big issues. And
• 12:08
  Speaker 14: another one is hydrogen. So they're expecting this huge increase
• 12:11
  Speaker 14: in these hydrogen electualizers and they're relying on these to
• 12:16
  Speaker 14: essentially soak up solar output during the day and then
• 12:19
  Speaker 14: ramp down overnight in the evening peak to deal with
• 12:23
  Speaker 14: peak demand in the grid. And that's not really how
• 12:26
  Speaker 14: these capital intensive industries work, let alone if hydrogen is
• 12:31
  Speaker 14: going to work at all, Considering that ninety nine percent
• 12:34
  Speaker 14: of proposed projects haven't been able to progress past the
• 12:38
  Speaker 14: concept or approval stage recently, so this assumption that will
• 12:42
  Speaker 14: just have this hydrogen industry available to help support renewables
• 12:46
  Speaker 14: and prop up their capacity factors is just completely unfounded.
• 12:50
  Speaker 14: But I think the biggest issue with the Energy market
• 12:53
  Speaker 14: operators modeling is that they assume that all of the
• 12:56
  Speaker 14: government's targets are going to be met, and then they
• 12:59
  Speaker 14: find the supposedly cheapest way of meeting those targets. So
• 13:03
  Speaker 14: they just assume that eighty two percent renewables by twenty
• 13:06
  Speaker 14: thirty is going to be met. And if you ask
• 13:07
  Speaker 14: any serious energy expert, they will tell you that that
• 13:10
  Speaker 14: is incredibly unlikely. Even those who are very pro renewables
• 13:14
  Speaker 14: will say, there's just no way we can get to
• 13:15
  Speaker 14: eighty two percent renewables by twenty thirty. The workforce constraints
• 13:19
  Speaker 14: are just too extreme. We would have to be tripling
• 13:22
  Speaker 14: the number of electrical engineers by twenty thirty, and then
• 13:25
  Speaker 14: that would drop below current levels, and that's just not
• 13:28
  Speaker 14: how workforces work. You can't get that many people trained
• 13:31
  Speaker 14: in that amount of time, and that's from aemo's own
• 13:34
  Speaker 14: workforce report. So they know that this plan is incredibly
• 13:37
  Speaker 14: difficult to achieve and probably impossible, but well, unfortunately.
• 13:42
  Speaker 3: But the point is, the point is Zoey, Yeah, But
• 13:46
  Speaker 3: the point is he's promulgating a fantasy.
• 13:51
  Speaker 2: It is an absolute fantasy. Just to take a couple
• 13:53
  Speaker 2: of those aspects.
• 13:54
  Speaker 3: He's pretending that green hydrogen is going to be a
• 13:57
  Speaker 3: big factor. Well, we've just seen project I have to
• 14:00
  Speaker 3: project tens of billions of dollars worth of projects scrapped
• 14:04
  Speaker 3: recently by major companies making sensible decisions despite big offers
• 14:08
  Speaker 3: of tax incentives and the like from government. The assumptions
• 14:12
  Speaker 3: about batteries, again, that's a cost people have to pay
• 14:16
  Speaker 3: for those batteries, and we're seeing even in this election
• 14:18
  Speaker 3: campaign there's government spending involved in that because the government's
• 14:21
  Speaker 3: trying to subsidize batteries.
• 14:23
  Speaker 2: So there are costs here that are not being counted.
• 14:25
  Speaker 2: I mean, the.
• 14:26
  Speaker 3: Point is that we've seen prices go up dramatically over
• 14:30
  Speaker 3: the past decade. By continuing with the same policies, are
• 14:34
  Speaker 3: we not bound to continue to see those price rises?
• 14:41
  Speaker 14: I think we should definitely expect more price increases if
• 14:44
  Speaker 14: we're going to continue putting in more and more intermittent
• 14:47
  Speaker 14: generation into the grid, because the more variable renewables you
• 14:51
  Speaker 14: have in a grid, the more storage you need, and
• 14:53
  Speaker 14: the more transmission you need, and all of that is
• 14:55
  Speaker 14: very expensive. And so I think looking at the global
• 14:59
  Speaker 14: content next, we can't see any examples of countries that
• 15:03
  Speaker 14: have actually managed to get to ninety percent wind and sole.
• 15:07
  Speaker 14: The only countries that get to that level of renewables
• 15:10
  Speaker 14: they have to use hydro or they have dew thermal,
• 15:12
  Speaker 14: they have some other much more dispatchable way of getting
• 15:17
  Speaker 14: renewable energy, which we don't. So if we want to
• 15:20
  Speaker 14: reduce emissions, we need baselot generation and nuclear is the
• 15:24
  Speaker 14: only option for that.
• 15:27
  Speaker 2: See this is the point, right. If we want a cheap, reliable.
• 15:30
  Speaker 3: Power in this country, of course we just keep burning
• 15:32
  Speaker 3: coal and gas. Now we don't want to do that.
• 15:35
  Speaker 3: Supposedly we will want to get rid of emissions. Then
• 15:38
  Speaker 3: surely nuclear energy isn't just an option.
• 15:41
  Speaker 2: Surely it is the only.
• 15:42
  Speaker 3: Choice for this country if we want reliable, affordable power
• 15:46
  Speaker 3: without emissions.
• 15:50
  Speaker 14: Yes, it is the only option for us. And we
• 15:53
  Speaker 14: are a nuclear nation already. We've got a research reactor,
• 15:56
  Speaker 14: we do have an existing nuclear workforce. Of course that
• 15:59
  Speaker 14: would have to be massa expanded if we're going to
• 16:01
  Speaker 14: have industrial scale nuclear plants producing electricity, but we're still
• 16:06
  Speaker 14: committed to ORCUS. So we're going to have nuclear submarines
• 16:09
  Speaker 14: and our harbors. I don't see why we can't get
• 16:12
  Speaker 14: them on land and enjoy the benefits of that clean,
• 16:14
  Speaker 14: reliable electricity. And according to Helen Cook, who is a
• 16:18
  Speaker 14: global leading expert in nuclear regulation, it would only take
• 16:22
  Speaker 14: three years to actually sort out those extra regulations that
• 16:25
  Speaker 14: we would need to have the regulatory environment for nuclear plants.
• 16:30
  Speaker 14: So in terms of timelines, I think we need to
• 16:33
  Speaker 14: start as soon as we can, but it's not necessarily
• 16:37
  Speaker 14: going to be decades and decades and decades away. I
• 16:39
  Speaker 14: think that we should start now so that you know,
• 16:42
  Speaker 14: as we get closer to twenty fifty, we've got something
• 16:45
  Speaker 14: to show for it.
• 16:47
  Speaker 3: Yeah, we need that reliability. We need secure, reliable and
• 16:52
  Speaker 3: affordable power. There's nothing more important to our economy. Thanks
• 16:55
  Speaker 3: for joining us, Zoe. I appreciate that. Zoe Hilton there
• 16:58
  Speaker 3: from the Center for Independent Studies. Let's catch up now
• 17:01
  Speaker 3: with the former Defense Minister Joel Fitzgiven. Joel, I want
• 17:04
  Speaker 3: to catch your thoughts on the week of the campaign,
• 17:07
  Speaker 3: of course, but the curse.
• 17:08
  Speaker 2: To me straight away. Just get your thoughts on nuclear energy.
• 17:11
  Speaker 3: Used to represent a seat there in the Hunter Valley,
• 17:14
  Speaker 3: a big coal mining area. Coal fired generations shutting.
• 17:18
  Speaker 2: Down in that area. What would be wrong with a.
• 17:20
  Speaker 3: Nice clean nuclear reactor there are giving the country reliable energy.
• 17:25
  Speaker 8: Oh, my position on this is well known, Chris. I've
• 17:29
  Speaker 8: been saying it for many years. What we should simply
• 17:32
  Speaker 8: do is lift the prohibition, which was a mistake, and
• 17:36
  Speaker 8: let the market decide. I mean, if nuclear is too
• 17:38
  Speaker 8: expensive the market won't invest, we should wait and see.
• 17:42
  Speaker 2: Yeah, exactly, yeah, exactly.
• 17:45
  Speaker 3: I noticed Anthony Albanezi at the debate earlier in the
• 17:48
  Speaker 3: week saying that the private sector is not interested in nuclear. Well,
• 17:51
  Speaker 3: they can't be interested because it's illegal. As you say,
• 17:54
  Speaker 3: the first step would be to get rid of that
• 17:56
  Speaker 3: legislative ban. Let's talk about the week on the campaign
• 17:59
  Speaker 3: trail and start with that people's forum where the two
• 18:03
  Speaker 3: leaders went head to head.
• 18:05
  Speaker 2: First up.
• 18:06
  Speaker 3: This highlight from this is from Peter Dutton when he
• 18:10
  Speaker 3: was focusing on the people in the audience doing it tough.
• 18:13
  Speaker 11: Can I just get a show of hands, who's doing
• 18:16
  Speaker 11: it pretty tough?
• 18:17
  Speaker 5: Who's finding it hard to get by? At the moment,
• 18:19
  Speaker 5: the way the economy is, cost of living pressures and
• 18:21
  Speaker 5: so on.
• 18:22
  Speaker 15: Firstly, I think that was a very confronting scene, if
• 18:25
  Speaker 15: I might say, from where West end to see the
• 18:26
  Speaker 15: number of hands raised them of people who are working hard,
• 18:30
  Speaker 15: people who have done everything they can in their own
• 18:33
  Speaker 15: budgets to cut back on expenses and just to try
• 18:36
  Speaker 15: and make things balance at the end of each week
• 18:38
  Speaker 15: or the end of each fortnight or month.
• 18:41
  Speaker 3: Well, that's the right issue for the opposition leader to
• 18:43
  Speaker 3: focus on. Joel Fitzgibbon, how did you think the two
• 18:46
  Speaker 3: leaders handled the debate and who do you think got
• 18:48
  Speaker 3: most out of it?
• 18:50
  Speaker 8: It absolutely is the right issue for Peter Duncan, because
• 18:53
  Speaker 8: the cost of living being an issue works against the
• 18:57
  Speaker 8: incumbents and he really needs if he if he's to
• 19:00
  Speaker 8: improve his position, to get the debate back on cost
• 19:03
  Speaker 8: of living. That's what he was obviously trying to do. Look,
• 19:06
  Speaker 8: I thought they both acquitted themselves very very well. Peter
• 19:09
  Speaker 8: duart In particularly needed a good night, not because I
• 19:12
  Speaker 8: think these debates turned the political dial much, but because
• 19:15
  Speaker 8: I think he needed a boost of confidence, and you
• 19:17
  Speaker 8: can see throughout the balance of the week that it
• 19:20
  Speaker 8: did exactly that for him, but he started the week terribly.
• 19:25
  Speaker 8: The capitulation on those two policies was one of the
• 19:29
  Speaker 8: most damaging things I've seen during an election campaign, and
• 19:32
  Speaker 8: I've been watching them even longer than you have. And
• 19:34
  Speaker 8: he needed something to recover from that. And he's continued
• 19:38
  Speaker 8: on this week pretty strong after that debate, but he
• 19:40
  Speaker 8: will need a lot more to further close that gap.
• 19:46
  Speaker 2: Yeah, I think you're right.
• 19:46
  Speaker 3: I think he probably needed to do more in the debate,
• 19:48
  Speaker 3: but it did at least get a strong showing and
• 19:51
  Speaker 3: he has been stronger in the rest of the week.
• 19:53
  Speaker 3: Let's look at some of the Prime minister in that forum.
• 19:57
  Speaker 15: We can bring down the cost of electricity, we can
• 19:59
  Speaker 15: bring down the costs across the economy otherwise and that
• 20:02
  Speaker 15: is I think transformational.
• 20:04
  Speaker 2: For our economy.
• 20:05
  Speaker 5: But of course opposed by the Prime minsies.
• 20:06
  Speaker 13: Let's hear him well, the only gas policy that the
• 20:09
  Speaker 13: Coalition have is the gas lighting of the Australian public.
• 20:15
  Speaker 2: I think that was the only line that got to
• 20:17
  Speaker 2: laugh from the audience.
• 20:19
  Speaker 3: Joler, he did look pretty confident, confident, Anthony Albaneze, didn't.
• 20:23
  Speaker 8: He He is confident, very confident. Look, you and I
• 20:27
  Speaker 8: don't know what it's like to lead during an election campaign,
• 20:31
  Speaker 8: Anthony Albertiz. He found out how tough it was during
• 20:33
  Speaker 8: the last campaign, but he's got one under his belt
• 20:36
  Speaker 8: now and he's had three years as Prime Minister and
• 20:39
  Speaker 8: that means a lot. Peter's very experienced too, but he's
• 20:42
  Speaker 8: never faced the gaze of that media scrum and as
• 20:45
  Speaker 8: you know, it's a very excitable and aggressive scrum and
• 20:49
  Speaker 8: they don't let you have the hook easier easily, and
• 20:51
  Speaker 8: it's difficult for him. But what he needs, I think
• 20:54
  Speaker 8: more than anything now is to reestablish his brand and
• 20:58
  Speaker 8: produce as late as it isn't the piece policies that
• 21:03
  Speaker 8: are consistent with that brand, and a brand which needs
• 21:07
  Speaker 8: to be underpinned by their values and principles. We haven't
• 21:10
  Speaker 8: really seen that. I mean, for all of our lives.
• 21:13
  Speaker 8: The Liberal Party has marketed itself as the party of
• 21:17
  Speaker 8: low taxes and industrial relations, reform, personal freedoms, etc. But
• 21:24
  Speaker 8: we've seen none of that from Peter Dunton throughout the campaign. Look,
• 21:28
  Speaker 8: I understand why he went into the campaign with a
• 21:30
  Speaker 8: small target strategy that would have been set when Label
• 21:34
  Speaker 8: was still struggling in the polls. But since Trump, which
• 21:38
  Speaker 8: has flipped everything. They have come back and come back hard.
• 21:42
  Speaker 8: So he needs to adjust that strategy in my view,
• 21:45
  Speaker 8: and to give his base at the very least something
• 21:48
  Speaker 8: very liberal policy, which is I suppose preferably through the
• 21:53
  Speaker 8: tax system, which is structural, permanent and goes to the
• 21:57
  Speaker 8: heart of productivity, because by the fact that productivity is
• 22:02
  Speaker 8: very very low in our country and has been for
• 22:05
  Speaker 8: some time, there's no productivity debade in this country, and
• 22:08
  Speaker 8: that's disappointing.
• 22:11
  Speaker 3: Yeah, I think you're right. I think he's got to
• 22:14
  Speaker 3: prosecute a call to action too. He's got to demonstrate
• 22:17
  Speaker 3: why it's urgent to get rid of this government. And
• 22:19
  Speaker 3: if you're going to do that, you've got to have
• 22:21
  Speaker 3: a pretty big policy agenda to set things right. I
• 22:23
  Speaker 3: just want to show you something from the Greens though,
• 22:25
  Speaker 3: that I think is pretty bad news for Anthony Alberanese.
• 22:28
  Speaker 2: He hears Adam Bant.
• 22:30
  Speaker 6: The Greens are within reach of winning seats right across
• 22:33
  Speaker 6: the country and in a minority government, we can make
• 22:35
  Speaker 6: things happen, But Greens, we will keep Dutton out and
• 22:40
  Speaker 6: get labor to act on the cost of living, housing
• 22:43
  Speaker 6: and climate crisis. With more Greens, we can put more
• 22:46
  Speaker 6: pressure on labor.
• 22:49
  Speaker 3: With friends like that, Anthony Alberanese, he doesn't need enemies.
• 22:52
  Speaker 3: How is he going to brush off this claim from
• 22:54
  Speaker 3: the Greens that they're pretty much going to dictate the
• 22:57
  Speaker 3: policies of a minority labor government.
• 23:00
  Speaker 8: That's a predictable line from an increasingly radical Greens leader
• 23:05
  Speaker 8: and you'd expect it from him his real messages. Vote
• 23:08
  Speaker 8: for us rather than anyone else, because in this hung
• 23:11
  Speaker 8: parliament we're going to have all this power. But a
• 23:14
  Speaker 8: couple of things you need to know about Anthony Albanis.
• 23:17
  Speaker 8: The first is that he's fought, spent all of his
• 23:19
  Speaker 8: life fighting the Greens, I mean his own electorate. His
• 23:22
  Speaker 8: main contest is with that far left party. But the
• 23:26
  Speaker 8: other thing to remember is that he was the Leader
• 23:29
  Speaker 8: of the House during the last hung parliament between twenty
• 23:32
  Speaker 8: and ten in two thousand and thirty, and I saw
• 23:34
  Speaker 8: it up close with him. I was the Chief Government
• 23:36
  Speaker 8: Whip and we worked together to hold that parliament into
• 23:40
  Speaker 8: one piece. But is that experience having what's Julia Gillard
• 23:45
  Speaker 8: do a deal with the Greens. It's that experience that
• 23:48
  Speaker 8: will ensure that Anthony alban Is he won't be doing
• 23:51
  Speaker 8: any deal with the Greens, but he will rely upon
• 23:53
  Speaker 8: them to get legislation through the Parliament and that, of
• 23:57
  Speaker 8: course is where it gets very messy and very unproductive
• 24:01
  Speaker 8: for the Australian economy.
• 24:05
  Speaker 3: Thanks for joining us, Joel, I appreciate it. We'll catch
• 24:07
  Speaker 3: up with you next week. We're going to go to
• 24:09
  Speaker 3: a break now. On the other side of that, I'm
• 24:11
  Speaker 3: going to catch up with former Liberal MP Nicole Flint
• 24:13
  Speaker 3: on the campaign trail. After all she's been through, why
• 24:17
  Speaker 3: is she trying to get back into politics.
• 24:23
  Speaker 2: In this federal election.
• 24:25
  Speaker 3: There is only one seat clearly in play in South Australia,
• 24:29
  Speaker 3: and that's the Labor held seat of Boothby, traditionally a
• 24:32
  Speaker 3: Liberal seat, but held by Labour's Louise Miller Frost by
• 24:36
  Speaker 3: just over three percent and targeted strongly by the Coalition
• 24:40
  Speaker 3: in this campaign.
• 24:41
  Speaker 2: The Liberal candidate is the.
• 24:43
  Speaker 3: Former Liberal Member for Boothby, Nicole Flint, who won the
• 24:46
  Speaker 3: seat in twenty sixteen and twenty nineteen before retiring from politics.
• 24:53
  Speaker 3: I caught up with her today in the electorate.
• 24:56
  Speaker 10: Higher price is.
• 24:57
  Speaker 16: More than your actual rent that you're paying your landlord.
• 25:00
  Speaker 2: It's just the next level.
• 25:01
  Speaker 5: It's scary.
• 25:03
  Speaker 10: Read the word We've got to.
• 25:05
  Speaker 16: Rescue the country from mister Alberanese and get our economy
• 25:09
  Speaker 16: back on track.
• 25:09
  Speaker 10: Agreed.
• 25:10
  Speaker 16: Oh, we're going to get this beautiful country back on track.
• 25:13
  Speaker 16: First of all, save you from mister Alberanzi.
• 25:16
  Speaker 5: Mister lie.
• 25:19
  Speaker 3: Well, Nicole, you had two terms in federal Parliament and
• 25:22
  Speaker 3: you left.
• 25:23
  Speaker 2: You'd had enough of it. Why go back?
• 25:26
  Speaker 16: Because about just over twelve months ago, I had a
• 25:29
  Speaker 16: miracle health breakthrough, Chris, I never would have retired if
• 25:32
  Speaker 16: I was as fit and healthy as I am now.
• 25:35
  Speaker 16: I finally found medication that is completely managing my endometriosis,
• 25:40
  Speaker 16: and honestly, I just didn't realize how sick I was,
• 25:44
  Speaker 16: and that is the reason that I retired, apart from
• 25:47
  Speaker 16: all the rubbish that went on.
• 25:48
  Speaker 2: But I could have and I.
• 25:51
  Speaker 10: Did withstand it.
• 25:52
  Speaker 16: It's just that I never would have retired if I
• 25:55
  Speaker 16: had the health that I do now.
• 25:57
  Speaker 3: And that's an issue in de Materiosis is an issue
• 25:59
  Speaker 3: you highlight in politics and is now getting a lot
• 26:02
  Speaker 3: of attention from politicians and some therefore funding and health services.
• 26:06
  Speaker 16: Yeh, as it should so, and I've got a lot
• 26:09
  Speaker 16: of unfinished business when it comes to women's health. But
• 26:13
  Speaker 16: also women's safety online and in the public sphere, because
• 26:18
  Speaker 16: we're still seeing too many women taking themselves off social
• 26:21
  Speaker 16: media and things because of the horrific abuse that they attract.
• 26:25
  Speaker 3: And what about the pressure of having to win a
• 26:27
  Speaker 3: marginal seat back. Of course you've held it before, but
• 26:29
  Speaker 3: Labor won it in the twenty twenty two. Do you
• 26:33
  Speaker 3: feel the weight of expectation that you have to win
• 26:36
  Speaker 3: it back? I mean, if the coalition is going to
• 26:37
  Speaker 3: form government, you have to win.
• 26:39
  Speaker 16: Yes, But all Chris, the only resident I'm here is
• 26:43
  Speaker 16: to look after my wonderful local community and look after
• 26:46
  Speaker 16: the residents of Boothby and amazing small businesses. We've just
• 26:50
  Speaker 16: met Tony at Chibo this morning. You know they are
• 26:52
  Speaker 16: all They've never done it tougher and it's just heartbreaking
• 26:56
  Speaker 16: to see business closures. We know nationally there's been twenty
• 27:00
  Speaker 16: nine thousand businesses that have shut during the Albanzy government,
• 27:03
  Speaker 16: like in three years. That's unacceptable and that's what gets
• 27:07
  Speaker 16: me out of bed every morning, is to get people's
• 27:09
  Speaker 16: cost of living under control, to get business costs under control,
• 27:13
  Speaker 16: so that Australia can thrive again and my community can thrive.
• 27:17
  Speaker 16: Because I've never seen people in so much financial distress
• 27:21
  Speaker 16: and it's heartbreaking is.
• 27:23
  Speaker 3: That what they're talking about is that the number one
• 27:25
  Speaker 3: issue people are talking about it and is electricity a.
• 27:28
  Speaker 2: Big part of that?
• 27:29
  Speaker 16: Absolutely? So here in South Australia, we've got the highest
• 27:31
  Speaker 16: power prices in the nation, but it's and the power
• 27:34
  Speaker 16: prices are leading to record high grocery prices. We've got
• 27:38
  Speaker 16: a housing crisis that is escalated during the alban Ezy
• 27:42
  Speaker 16: Labor government's term because they've let too many people in.
• 27:46
  Speaker 16: We are such a proud migrant nation, but we have
• 27:49
  Speaker 16: to have somewhere for people to live. So you know,
• 27:52
  Speaker 16: that's one of our key platforms is fixing the housing
• 27:54
  Speaker 16: crisis and reducing migration. Until we do have the housing
• 27:58
  Speaker 16: crisis under control, you win. That is a matter for
• 28:03
  Speaker 16: the people of Boothby. I've worked incredibly hard, and as
• 28:06
  Speaker 16: I said, I've worked incredibly hard every single day and
• 28:09
  Speaker 16: dragged myself out of bed five am to be at
• 28:12
  Speaker 16: the train stops at seven am and the tram stops
• 28:16
  Speaker 16: to rescue our local community and the nation from the
• 28:20
  Speaker 16: economic mess that the Abanezy Labor government have made. So
• 28:24
  Speaker 16: whether I went or not is up to my voters.
• 28:26
  Speaker 3: During her two terms in Federal Parliament, Nicole Flint suffered
• 28:30
  Speaker 3: extensive sexist abuse online, in the media and in the flesh.
• 28:35
  Speaker 3: Police even took action against stalkers and harasses, and on
• 28:39
  Speaker 3: her way out she wanted the whole world to know
• 28:41
  Speaker 3: about it.
• 28:42
  Speaker 16: Men on the left, some of whom public figures of influence,
• 28:46
  Speaker 16: have done the following. They've stalked me, suggested I should
• 28:50
  Speaker 16: be strangled, criticized the clothes I wear, in the way
• 28:53
  Speaker 16: I look, called me a whiny little bit, repeatedly repeatedly
• 28:57
  Speaker 16: called me weak, apologize for the language, and much much
• 29:02
  Speaker 16: worse over email, online, on YouTube, on Facebook, and on Twitter.
• 29:06
  Speaker 16: They've commented that I should be ranked grudge, that I
• 29:10
  Speaker 16: am doing sexual favors for all my male colleagues, that
• 29:13
  Speaker 16: I should be killed, that I should kill myself, and
• 29:16
  Speaker 16: many many more things that I will not repeat.
• 29:19
  Speaker 3: After all that, it's amazing that Nicole Flint wants back
• 29:22
  Speaker 3: into politics, But apart from her health improving, she says
• 29:26
  Speaker 3: she's got unfinished business and that the political environment has
• 29:29
  Speaker 3: changed for the better.
• 29:31
  Speaker 16: This election twenty twenty five feels very much like twenty sixteen,
• 29:36
  Speaker 16: So this has been a very normal election for me.
• 29:40
  Speaker 16: So far, and this is the way it should be,
• 29:41
  Speaker 16: where broadly fighting it out on the policies. Labor have
• 29:44
  Speaker 16: launched some personal attacks on me, but nothing like we
• 29:48
  Speaker 16: saw in twenty nineteen. I really hold Get Up Labor
• 29:52
  Speaker 16: the unions responsible for what happened to me and then
• 29:57
  Speaker 16: for what it encouraged people to do, because it didn't
• 30:00
  Speaker 16: stop at the twenty nineteen election. It kept going with
• 30:03
  Speaker 16: a range of as we know, disgraceful sex system, misogynistic attacks,
• 30:08
  Speaker 16: and a lot online. So I haven't seen that online
• 30:11
  Speaker 16: stuff yet either. However, one of my motivations in coming
• 30:15
  Speaker 16: back is unfinished business for women's safety, particularly in the
• 30:19
  Speaker 16: online space. There are some pretty simple things that we
• 30:22
  Speaker 16: can do, and I will be leading the charge to
• 30:25
  Speaker 16: do it.
• 30:26
  Speaker 2: Well.
• 30:26
  Speaker 3: It's good to hear that campaigning practices have improved, and
• 30:30
  Speaker 3: good luck on the trail.
• 30:31
  Speaker 16: Thank you.
• 30:35
  Speaker 2: Yeah, fascinating stuff.
• 30:36
  Speaker 3: Nickoleflin says that because get Up seems to have disappeared,
• 30:40
  Speaker 3: then politics has become.
• 30:41
  Speaker 2: A little bit more civilized.
• 30:43
  Speaker 3: Get Up seem to have been the problem, especially the
• 30:45
  Speaker 3: way they worked with the unions in Labor and the Greens.
• 30:49
  Speaker 2: So a good riddance to get Up.
• 30:50
  Speaker 3: Hey also interesting to note, yes, South Australia does have
• 30:53
  Speaker 3: the highest cost electricity.
• 30:56
  Speaker 2: In the country.
• 30:57
  Speaker 3: It also has the highest penetration of renewed energy. I
• 31:01
  Speaker 3: wonder if people like Chris Bowen could actually make a
• 31:03
  Speaker 3: link between those two facts. Now, we did invite the
• 31:07
  Speaker 3: Labor MP for Booth by Louise Miller Frost for an interview,
• 31:10
  Speaker 3: but she was not available. And I should point out
• 31:13
  Speaker 3: last week also when I spoke to the Liberal candidates
• 31:15
  Speaker 3: for Goldstein and Couyong in Melbourne, we of course did
• 31:19
  Speaker 3: ask the tarlmps Monique Ryan and Zoe Daniels for interviews
• 31:23
  Speaker 3: as well. I'm always happy to talk to the Green left,
• 31:26
  Speaker 3: but they never want to front up. We better get
• 31:29
  Speaker 3: to a break, and coming up in the program, I
• 31:31
  Speaker 3: want to talk about the global markets bouncing back after
• 31:35
  Speaker 3: Donald Trump has paused his tariff war. I'll catch up
• 31:38
  Speaker 3: with former Foreign Minister Alexander Downham. I talked at the
• 31:46
  Speaker 3: top of the program about how stock markets had surged
• 31:49
  Speaker 3: back because Donald Trump had now pressed a ninety day
• 31:52
  Speaker 3: pause on his tariff war. In Australia, the market was
• 31:55
  Speaker 3: up almost five percent. That's adding one hundred billion dollars
• 31:59
  Speaker 3: worth of value. You to the Australian share market. Well,
• 32:03
  Speaker 3: it's early in London, but as you know, the market
• 32:05
  Speaker 3: opens early there. Already the market is up five percent
• 32:08
  Speaker 3: in London, so lord knows how many hundreds of billions
• 32:12
  Speaker 3: of pounds of extra value that is added to the
• 32:14
  Speaker 3: stock market. Let's cross to London live now and catch
• 32:17
  Speaker 3: up with former Foreign Minister Alexander Downer.
• 32:20
  Speaker 2: Alexander is just.
• 32:21
  Speaker 3: Incredible to see what Donald Trump the value he can
• 32:24
  Speaker 3: strip from the stock markets around the globe.
• 32:27
  Speaker 2: One moment, it comes surging back.
• 32:29
  Speaker 10: When he hits pause, it's come somewhat back, but hasn't
• 32:35
  Speaker 10: come back to where it was originally. I think we're
• 32:39
  Speaker 10: only halfway through this process, so there will be a
• 32:42
  Speaker 10: lot of volatility on markets in the short term, and
• 32:46
  Speaker 10: not just volatility on the share market, but importantly volatility
• 32:51
  Speaker 10: on the bond market. I was talking to a fund
• 32:54
  Speaker 10: manager this morning over a coffee here in London, and
• 33:00
  Speaker 10: the sense of the fund managers is this is not
• 33:02
  Speaker 10: a time to invest. We're just not going to invest.
• 33:05
  Speaker 10: We're putting all investment on hold while we wait to
• 33:09
  Speaker 10: see what will happen. And what will happen is that
• 33:13
  Speaker 10: there will be a whole series of negotiations between the
• 33:17
  Speaker 10: United States and their trading partners, but the ten percent
• 33:22
  Speaker 10: tariff is apparently still going to remain as the base tariff,
• 33:27
  Speaker 10: and then the trade war with China, the second biggest
• 33:31
  Speaker 10: economy in the world, is going to go on for
• 33:34
  Speaker 10: some time as well. So I suspect volatility is what
• 33:38
  Speaker 10: we can look forward to, not a settling of the
• 33:42
  Speaker 10: markets at a much higher level.
• 33:46
  Speaker 3: No, absolutely, That's the extraordinary thing about it is there's
• 33:49
  Speaker 3: such great volatility, and of course we haven't seen a
• 33:52
  Speaker 3: situation like this before where it's really dictated by the
• 33:56
  Speaker 3: whims of this one politician, obviously the leader of the
• 33:59
  Speaker 3: free world, but such a firm hand on his tariff
• 34:03
  Speaker 3: strategy last week. Pausing it now, as you say, a
• 34:06
  Speaker 3: ten percent tariff really across all countries going into the
• 34:11
  Speaker 3: US now except for China, where there are that they're
• 34:17
  Speaker 3: basically competing with each other now slapping on higher and
• 34:20
  Speaker 3: higher tariffs. This is really the core of the issue,
• 34:24
  Speaker 3: isn't it. The US versus China when it comes to trade.
• 34:27
  Speaker 3: And what do you expect to unfold here because China
• 34:30
  Speaker 3: obviously is retaliating strongly.
• 34:34
  Speaker 10: Yes, I think they'll lent her into negotiations as soon
• 34:37
  Speaker 10: as possible, because this is doing both both economies as
• 34:40
  Speaker 10: well as the world economy quite a lot of damage.
• 34:45
  Speaker 10: There's one other factor to take into account, because the
• 34:47
  Speaker 10: media focuses almost exclusively on the shammer, but it's very
• 34:54
  Speaker 10: important to look at what's happening in the bond markets.
• 34:56
  Speaker 10: There seems to be some suggestion that the Chinese are
• 35:00
  Speaker 10: selling out of US Treasury bonds, that is, lending money
• 35:04
  Speaker 10: to the Americans or to the American government, and that's
• 35:09
  Speaker 10: led to a very big fall in bond prices and
• 35:14
  Speaker 10: therefore a big increase in bond yields, and the US
• 35:19
  Speaker 10: Treasury is apparently very worried about that. And this makes
• 35:22
  Speaker 10: it more difficult for the Americans to borrow the money
• 35:25
  Speaker 10: they need to borrow to fund their massive budget budget
• 35:29
  Speaker 10: deficits and their huge pool of debt. So it's not
• 35:34
  Speaker 10: simple this. If you, if you disrupt the global financial
• 35:39
  Speaker 10: markets and trading markets, expect all sorts of unintended consequences
• 35:45
  Speaker 10: to flow from it. You know, I've always believed in
• 35:48
  Speaker 10: economic rationalism and liberal markets, and this is not economically irrational.
• 35:53
  Speaker 10: This is irrational, and it's quite worrying. And it's not
• 35:58
  Speaker 10: all over yet.
• 36:01
  Speaker 2: No, certainly is not.
• 36:02
  Speaker 3: Let's have a listen to Donald Trump what he said
• 36:05
  Speaker 3: about China.
• 36:07
  Speaker 10: Nothing's over yet, but we have a tremendous amount of
• 36:10
  Speaker 10: spirit from other countries, including China.
• 36:13
  Speaker 2: Wants to make a deal.
• 36:14
  Speaker 5: They just don't know how quick to go about it.
• 36:17
  Speaker 3: Yeah, he wants to make a deal. Just what that
• 36:19
  Speaker 3: deal is A lord knows. But this is the issue,
• 36:22
  Speaker 3: isn't it. Alexander the US now with Donald Trump, he
• 36:25
  Speaker 3: needs to make a trade deal with all countries, including Australia.
• 36:29
  Speaker 2: But we're going to be a long.
• 36:30
  Speaker 3: Way down the list when he's trying to sort out
• 36:32
  Speaker 3: deals with China and with the European Union. So and
• 36:36
  Speaker 3: no one knows what's going to happen at the end
• 36:38
  Speaker 3: of this ninety days. Presumably the ninety days is there
• 36:42
  Speaker 3: for him to try and start negotiating most of those
• 36:45
  Speaker 3: deals exactly.
• 36:48
  Speaker 10: I assume that without being absolutely certain, that the ninety
• 36:52
  Speaker 10: days is all about the period during which the negotiations
• 36:56
  Speaker 10: will take place. But you've got to remember that ten
• 37:00
  Speaker 10: percent tariff rate base rate is going to remain in place,
• 37:06
  Speaker 10: so that's not part of the negotiation. So looking at
• 37:09
  Speaker 10: it from Australia's point of view, there's the twenty five
• 37:13
  Speaker 10: percent tariff on steel and aluminum. But on the other hand,
• 37:16
  Speaker 10: we don't sell much steel and aluminum to the United States,
• 37:20
  Speaker 10: so that's not going to have major economic consequences. But
• 37:24
  Speaker 10: the ten percent, on the face of it, is just
• 37:27
  Speaker 10: going to remain there. And you know that to be
• 37:31
  Speaker 10: as one of the people who negotiated the Australian US
• 37:34
  Speaker 10: Free trade agreement in in the noughties. It's pretty depressing
• 37:40
  Speaker 10: to see that. But remember President Trump isn't the first
• 37:45
  Speaker 10: US president to have imposed a ten percent tariff. President
• 37:49
  Speaker 10: Nixon did the same thing and eventually they had to
• 37:52
  Speaker 10: abandon that policy because of the chaos it caused.
• 37:58
  Speaker 3: We will see strap our in a big turnaround today,
• 38:01
  Speaker 3: but to a lot of uncertainty to come. Thanks for
• 38:03
  Speaker 3: joining us, Alexander. I appreciate it, to appreciate it greatly.
• 38:07
  Speaker 3: Alexander down of their Live from London.
• 38:09
  Speaker 2: We've got to take a break.
• 38:09
  Speaker 3: On the other side, we'll get back into the federal
• 38:11
  Speaker 3: election campaign with Tim Blair and Mark Nicholson. Okay, let's
• 38:20
  Speaker 3: wrap up the week with Tim Blair from The Daily
• 38:22
  Speaker 3: Telegraph and Mark Nicholson from.
• 38:24
  Speaker 2: Step MAT's studios.
• 38:25
  Speaker 3: Mate, gentlemen, I like to think of this as our
• 38:28
  Speaker 3: national cabinet each week, but I bumped into a bunch
• 38:31
  Speaker 3: of gentlemen who convened a coffee shop on Jenny Road
• 38:35
  Speaker 3: at Clnelg every morning, and they reckon they're the national cabinet.
• 38:38
  Speaker 2: So I'm going to have to defer to them.
• 38:40
  Speaker 3: One of them used to play footy with my dad
• 38:42
  Speaker 3: a million years ago, so we must be the we
• 38:45
  Speaker 3: must be a.
• 38:45
  Speaker 2: Subcommittee of cabinet.
• 38:47
  Speaker 3: I want to get your thoughts on what's been a
• 38:49
  Speaker 3: pretty wild and wacky election campaigning week, starting with Peter
• 38:53
  Speaker 3: Dutton having the sort of backflip and disowned policies, and
• 38:56
  Speaker 3: then we had the leader's debate and other debates later
• 39:00
  Speaker 3: in the week.
• 39:00
  Speaker 2: What did you make of it all?
• 39:01
  Speaker 5: Mark mate? I'm I'm a bit flat on this week,
• 39:06
  Speaker 5: to be honest. I'm a bit scared.
• 39:07
  Speaker 11: It's almost like we're at the halftime break of the
• 39:09
  Speaker 11: footy and I reckon.
• 39:10
  Speaker 5: The boys need a bit of a spray.
• 39:11
  Speaker 11: I just checked the I just checked the punting markets
• 39:14
  Speaker 11: and labor paying a dollar twenty eight.
• 39:16
  Speaker 5: What's going on? I don't understand.
• 39:18
  Speaker 11: I think the boys in gladealg would agree with me
• 39:21
  Speaker 11: that I don't know if we've seen enough fight from
• 39:23
  Speaker 11: the Fellows.
• 39:23
  Speaker 5: I wanted it a bit more scrappy than this.
• 39:25
  Speaker 11: There are real problems going on in this country and
• 39:28
  Speaker 11: seeing a backflip like that, seeing a few little light
• 39:32
  Speaker 11: jabs in the debates, I just think it's it's scary
• 39:35
  Speaker 11: that it was close.
• 39:38
  Speaker 5: I said that to you last week. I'm like, I'm
• 39:39
  Speaker 5: scared that it's close.
• 39:40
  Speaker 11: I can't believe that they're getting it's a dollar twenty eight,
• 39:43
  Speaker 11: a dollar twenty eight, I don't know what world we're
• 39:45
  Speaker 11: living in. They just shouldn't They shouldn't be getting away
• 39:48
  Speaker 11: with this. It's unforgivable what they've done for the last
• 39:50
  Speaker 11: three years.
• 39:52
  Speaker 2: I think you're absolutely right. This is my point too. Tim.
• 39:55
  Speaker 2: I'm Kenny, get your thoughts on this. I just think
• 39:57
  Speaker 2: we needed to see so much more fight from Peter
• 39:59
  Speaker 2: Dutton and the coalition. They're going to be telling.
• 40:02
  Speaker 3: People that this is this election is important, that the
• 40:05
  Speaker 3: country's going down the tubes, and if we don't get
• 40:07
  Speaker 3: ourselves together and get rid of this government, the next
• 40:11
  Speaker 3: term of this government's going to be in calculably worse
• 40:15
  Speaker 3: than what we've just seen.
• 40:17
  Speaker 1: Well, we do have the issue of there's a lot
• 40:20
  Speaker 1: of people who quite reasonably and very fairly aren't particularly
• 40:23
  Speaker 1: engaged in politics. And while our little cabinet and the
• 40:26
  Speaker 1: cabinet in South Australia, while where over all the issues
• 40:31
  Speaker 1: we followed all intensely and it's very you know, that
• 40:34
  Speaker 1: means everything to us that the vast majority of people
• 40:37
  Speaker 1: perhaps in Australia aren't that engaged. And maybe, you know,
• 40:40
  Speaker 1: fingers crossed things will kick in in the next couple
• 40:42
  Speaker 1: of weeks, but for now it's you know, you're not
• 40:46
  Speaker 1: going to you're not going to grab those people by
• 40:49
  Speaker 1: playing it safe and having a very cautious, dutton like
• 40:51
  Speaker 1: approach the election, going to grab some headlines and get
• 40:54
  Speaker 1: out there a little bit more, and you're not going
• 40:55
  Speaker 1: to get there as well by backtracking on what was
• 40:58
  Speaker 1: I think a fairly sound policy in the first place.
• 41:02
  Speaker 2: Yeah, he's got to go for the juggler.
• 41:04
  Speaker 3: He's got to capture their attention because what is front
• 41:07
  Speaker 3: of mind for those people, whether they're interested in politics
• 41:09
  Speaker 3: or not, is their grocery bills, is their electricity bills,
• 41:13
  Speaker 3: is the concern that their kids won't be.
• 41:15
  Speaker 2: Able to get into the housing market.
• 41:16
  Speaker 3: I mean, everybody's talking about these pressures. So Peter Dunton's
• 41:21
  Speaker 3: got to grab these people get them to vote his way.
• 41:24
  Speaker 2: Have a look at this from the Treasury.
• 41:26
  Speaker 3: Debate last night on Sky News, getting to the nub
• 41:29
  Speaker 3: of the electricity broken promise.
• 41:32
  Speaker 16: Will you apologize to the people of Australia tonight having
• 41:36
  Speaker 16: your government having said that energy prices will come down
• 41:39
  Speaker 16: by two hundred and seventy five dollars.
• 41:41
  Speaker 9: I take responsibility for all of the decisions that we've
• 41:44
  Speaker 9: taken in our budget, So you will I anologize including
• 41:47
  Speaker 9: let me finish, including the fact that energy prices energy
• 41:51
  Speaker 9: bills last year were three hundred dollars cheaper because of
• 41:53
  Speaker 9: our energy rebates that Angus didn't support.
• 41:57
  Speaker 2: Now, Mark, this is what should make so many people right.
• 42:00
  Speaker 3: They came to power promising to cut electricity bills and
• 42:04
  Speaker 3: to reduce the cost of living and to keep.
• 42:06
  Speaker 2: Interest rates down. I mean that failed, failed, failed.
• 42:11
  Speaker 11: And they're getting away with it. That's what That's what's
• 42:15
  Speaker 11: so wrong is that everyone rightfully. So there is a
• 42:18
  Speaker 11: very rare case where you've actually got some righteous anger,
• 42:20
  Speaker 11: which is the best kind of anger that you can
• 42:22
  Speaker 11: throw them. People out there are really struggling, and these
• 42:25
  Speaker 11: sort of things like you should be you shouldn't be
• 42:27
  Speaker 11: asked for an apology. You should be begging for forgiveness.
• 42:31
  Speaker 11: That's what you should be doing.
• 42:32
  Speaker 5: You should be.
• 42:32
  Speaker 11: Standing up there hat in hand and not being able
• 42:35
  Speaker 11: to and promising the world and actually showing how you're
• 42:37
  Speaker 11: going to deliver it.
• 42:38
  Speaker 5: That's what I mean.
• 42:39
  Speaker 11: The people out there, they want them to go for
• 42:41
  Speaker 11: the jugular on this one because it's just it just
• 42:43
  Speaker 11: it just makes sense. We can't let them keep getting
• 42:45
  Speaker 11: away with it because they're playing politics.
• 42:47
  Speaker 5: People are genuinely struggling.
• 42:49
  Speaker 11: At dollar twenty eight, Chris, we've got to fire up,
• 42:51
  Speaker 11: We've got to fire up.
• 42:52
  Speaker 5: This is wrong.
• 42:55
  Speaker 3: It's a pretty good caller, is that, Tim, That they
• 42:57
  Speaker 3: shouldn't be offering an apology, they should be begging for forgiveness.
• 43:02
  Speaker 1: I just want to work out how at what point
• 43:05
  Speaker 1: in the process does the rebate become ours? As the
• 43:09
  Speaker 1: Treasurer put.
• 43:10
  Speaker 17: It, they take a bunch of taxes away from us,
• 43:16
  Speaker 17: and then when they can't meet their promised reduction in
• 43:19
  Speaker 17: the Power Bill, they give our taxes back our taxes
• 43:24
  Speaker 17: and they call it their or in his word, ours,
• 43:28
  Speaker 17: it's it must make people who are really pushing it financially,
• 43:32
  Speaker 17: which is a lot of Australians, it must make their
• 43:35
  Speaker 17: blood boil to do that. And again, you know double
• 43:38
  Speaker 17: twenty eight may. Maybe we should stop mentioning that thing
• 43:40
  Speaker 17: because if people get on, the numbers might even go lower.
• 43:43
  Speaker 17: We've got, we've got, we should stop mentioning what's because
• 43:48
  Speaker 17: we're throwing money at it.
• 43:49
  Speaker 1: We wanted to blow out.
• 43:52
  Speaker 2: It's even worse than that, right, you're right.
• 43:54
  Speaker 3: You know they jack up our electricity prices, so they
• 43:56
  Speaker 3: take more of our taxes to pay it back to
• 43:59
  Speaker 3: us to make it look like the electricity prices aren't
• 44:01
  Speaker 3: so bad. But then they take more of our taxes
• 44:03
  Speaker 3: to give some money to some rich greenie he's putting
• 44:06
  Speaker 3: batteries on underneath.
• 44:07
  Speaker 2: Their solar panels.
• 44:08
  Speaker 3: And then they take some more money of our taxes
• 44:10
  Speaker 3: to pay the coal fired power stations.
• 44:13
  Speaker 2: To keep going.
• 44:14
  Speaker 3: Because they've stuffed everything up. I'm going to just ripping
• 44:16
  Speaker 3: us off, blind, left, frightened center. It came up again
• 44:19
  Speaker 3: today in the energy debate.
• 44:21
  Speaker 4: The Treasurer last night could not even bring himself to
• 44:25
  Speaker 4: say a simple word, sorry, sorry we got it wrong.
• 44:29
  Speaker 4: Sorry we promised you all through even the term of
• 44:32
  Speaker 4: government two hundred and seventy five dollars reduction household bills,
• 44:35
  Speaker 4: but actually you're paying well over one thousand dollars. And
• 44:38
  Speaker 4: I hope Chris takes the opportunity today just to look
• 44:40
  Speaker 4: down the barrel of the camera and say Australian's we've
• 44:42
  Speaker 4: got it wrong.
• 44:44
  Speaker 3: Sorry, Well he means Chris Bowen.
• 44:48
  Speaker 2: Of course not me.
• 44:49
  Speaker 3: I'm not going to look down the barrel of the
• 44:51
  Speaker 3: camera and say sorry for anything just.
• 44:53
  Speaker 2: At the moment, because I did not vote labor at
• 44:55
  Speaker 2: the last election.
• 44:56
  Speaker 3: Let me show you Chris Bowen's a He's so cute
• 45:00
  Speaker 3: and with it out there on social media.
• 45:02
  Speaker 2: He's his latest spray.
• 45:05
  Speaker 18: Market coffee, one of Melbourn's great coffee businesses. Jason, you've
• 45:09
  Speaker 18: got solar panels and a lot of electrification, but you
• 45:11
  Speaker 18: don't have a battery. Making a battery thirty percent cheaper.
• 45:14
  Speaker 18: What sort of a difference would that make?
• 45:15
  Speaker 5: I make a big difference. For sure, we do things.
• 45:17
  Speaker 5: They charge lect vehicles al forkliffs.
• 45:19
  Speaker 18: We did that for small and medium sized businesses to
• 45:21
  Speaker 18: reduce bills and emissions.
• 45:23
  Speaker 3: Chiss, great, your tax is Tim, they're flying Chris Bowne
• 45:30
  Speaker 3: around the country boasting about how he's using some more
• 45:33
  Speaker 3: of your taxes to give some coffee shop owner a
• 45:36
  Speaker 3: cheaper battery.
• 45:39
  Speaker 1: He's a nod unit, isn't he. I mean, who says
• 45:42
  Speaker 1: cheers for a cup of coffee. That's one of the
• 45:47
  Speaker 1: little moments we've ever got from a guy who's fairly
• 45:50
  Speaker 1: odd in the first place. But yeah, that was a
• 45:53
  Speaker 1: that was notable. But I'm happy that the ads are running.
• 45:56
  Speaker 1: And if I was a Liberal party, I'd be donating
• 45:59
  Speaker 1: to labor just to make sure the aids continue running,
• 46:02
  Speaker 1: because I can't see a lot of people rushing to
• 46:04
  Speaker 1: the rushing to get their early voting cards on the
• 46:07
  Speaker 1: strength of that little effort, that's for sure.
• 46:12
  Speaker 3: The good news mark though, is there was a poll
• 46:14
  Speaker 3: in the Australian today. It's not an Australian pole and
• 46:17
  Speaker 3: some other group done the pole, but they reckon that
• 46:19
  Speaker 3: Chris Bowen could be under threat in his own seat.
• 46:22
  Speaker 3: Imagine if he got put booted out of Parliament. That
• 46:25
  Speaker 3: would be at least some victory. I haven't checked the
• 46:27
  Speaker 3: odds on it. You have to check that independently.
• 46:32
  Speaker 11: Well, I have, Chris, I'm here checking the markets constantly,
• 46:36
  Speaker 11: it's a dollar four cents I reckon for Chris Bowen
• 46:39
  Speaker 11: to lose his seat.
• 46:40
  Speaker 5: That's what it is.
• 46:41
  Speaker 11: I hope to God that market is wrong. I hope
• 46:44
  Speaker 11: to God that that's wrong, because there would be nothing
• 46:46
  Speaker 11: sweeter than seeing that bloke lose his seat. But and again,
• 46:50
  Speaker 11: like looking at that video, it's like how many more
• 46:52
  Speaker 11: own goals can these blokes kick. It's like they continue
• 46:56
  Speaker 11: to show you that they deserve to lose government. And
• 46:58
  Speaker 11: unfortunately we've got no out there who's trying to win government.
• 47:02
  Speaker 5: That's the problem.
• 47:03
  Speaker 11: A dollar twenty eight and a dollar four apparently for
• 47:06
  Speaker 11: Chris Bowen to retain his seat.
• 47:07
  Speaker 5: Come on, we've got to fire up.
• 47:10
  Speaker 2: We've got to fire up. I think that's the word,
• 47:12
  Speaker 2: unanimous word here from.
• 47:14
  Speaker 3: The National Cabinet fire up coalition. This one really matters.
• 47:18
  Speaker 3: Thanks for joining us, Tim Blair and Martin Nicholson. We'll
• 47:21
  Speaker 3: catch you next week.
• 47:22
  Speaker 2: Now.
• 47:23
  Speaker 3: I've just got a bit of time to share with
• 47:24
  Speaker 3: you some of your feedback from the program last night
• 47:27
  Speaker 3: when I talked about the Greens looking to do deals
• 47:30
  Speaker 3: with labor in minority and David says, please not alb
• 47:33
  Speaker 3: an easy and band it must not happen, and another viewer.
• 47:38
  Speaker 2: Says a vote for the ALP is a vote for
• 47:40
  Speaker 2: the Greens.
• 47:41
  Speaker 3: Yeah, and vice versa, and another viewer says, our worst
• 47:45
  Speaker 3: nightmare hasn't even started.
• 47:47
  Speaker 2: This is a crucial point.
• 47:48
  Speaker 3: If you think this government's been bad over the last
• 47:51
  Speaker 3: three years and it has, imagine how bad it will
• 47:54
  Speaker 3: be in a second term in cahoots with the Greens.
• 47:58
  Speaker 3: And Richard says Bob Round seems almost sensible these days. Well,
• 48:02
  Speaker 3: I assure you he's not. But by comparison I do
• 48:05
  Speaker 3: get your point.
• 48:06
  Speaker 2: Thanks for watching your week. I'm going to be back
• 48:07
  Speaker 2: next week.
• 48:08
  Speaker 3: Happy pass Over to our Jewish Australian viewers, and have.
• 48:12
  Speaker 2: A good weekend. I might duck down to Adelaide Oval
• 48:14
  Speaker 2: now and catch the crows. Go the crows. See you
• 48:16
  Speaker 2: next week.