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Shane Solly: Harbour Asset Management spokesperson on the US share market bouncing back · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks Be follow
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  Speaker 2: Shane Sully's here Hardrescent Management Shane. Good evening today, Ryan,
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  Speaker 2: Let's have a look at the market, shall we? How
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  Speaker 2: are we looking?
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  Speaker 3: Well? We saw a little bit of a recovery in
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  Speaker 3: the US market on Friday, a little bit about the government,
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  Speaker 3: the US government managing to avoid a debt ceiling problem
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  Speaker 3: and actually open make sure the government doesn't shut down.
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  Speaker 3: And also mister Trump managed to stop making too many announcements.
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  Speaker 3: But we actually saw some weaker economic data, and so
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  Speaker 3: we saw some consumer confidence surveys come out, weaker inflation expectations.
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  Speaker 3: All behind this is all about this US government reset
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  Speaker 3: that's going on, trying to get the spending down, the
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  Speaker 3: US government and obviously the n certain trade towers. So
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  Speaker 3: quite an interesting Friday here in yand we were a
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  Speaker 3: little bit better today, but still we're not exactly all
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  Speaker 3: on the way, but soon. I think some of that
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  Speaker 3: voltel he was in the last few weeks just toning
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  Speaker 3: down a little bit.
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  Speaker 2: Yeah, okay, hey, over to China, the regulators they seem
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  Speaker 2: to be really putting their foot down to try and
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  Speaker 2: support the Chinese economy. I know they had their January
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  Speaker 2: February figures for import export imports were down eight percent.
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  Speaker 3: Yeah, so it's a great point Ryan. They're starting from
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  Speaker 3: a low start point, so that they have seen the
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  Speaker 3: need to increase stimulation. Last week they had what's called
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  Speaker 3: the Chinese National People's Conference to the NPC and it
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  Speaker 3: really had a bunch of policies and lifting this economy.
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  Speaker 3: One of the really notable things was that if more
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  Speaker 3: aggressively targeted consumed consumption, really trying to get Chinese consumers
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  Speaker 3: given the confidence to get out there. They've gone out
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  Speaker 3: with a thirty point plan over the weekend. One thing
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  Speaker 3: that we noticed though for New Zealand was the targeting
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  Speaker 3: and lifting birth rates, things like increased maturity, patunity leave, childcare,
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  Speaker 3: health care policies, and some of the cities are actually
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  Speaker 3: really throwing subsidies basically giving you ten thousand rube, which
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  Speaker 3: is quite a lot of you in a second or
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  Speaker 3: field or forth tier city to have babies, to have children.
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  Speaker 3: That's pretty good for China's demand for New Zealand infant
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  Speaker 3: milk formula. And so we've seen a to milk the
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  Speaker 3: milk Formula Producer up ten percent over the week on
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  Speaker 3: the back of that news. So yep, plenty of plenty
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  Speaker 3: of similars going on there and.
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  Speaker 2: Just finally back here, shares in smart pace spiking high today.
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  Speaker 2: This is several takeover offers that we've been hearing about.
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  Speaker 3: Yeah, interesting times. So smart pay e liter prepaid solutions.
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  Speaker 3: It had a bed from Australian as the company Tyro
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  Speaker 3: and also an international strategic party. We don't know who
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  Speaker 3: that is. Tyro has been effectively the same as a dollar.
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  Speaker 3: It's some shares and some cash. It's about a dollar,
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  Speaker 3: and the boards basically said, hey, look just wait, We're
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  Speaker 3: going to let these companies undertake their due diligence and
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  Speaker 3: then we'll go from there. But I think it's really
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  Speaker 3: telling us that it's the time we may see more
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  Speaker 3: of this murger and acquisition activity. It's the right time
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  Speaker 3: to acqui bolt on businesses for some businesses, so we
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  Speaker 3: may see a bit more of it.
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  Speaker 2: All right, Shane, thanks so much for that. Great to
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  Speaker 2: have you on. Shane. Sally Harbors Management with us tonight.
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