Latest / Best of Business / Shane Solly: Harbour Asset Management spokesperson on Fletcher Building handing over Convention Centre project to SkyCity

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Shane Solly: Harbour Asset Management spokesperson on Fletcher Building handing over Convention Centre project to SkyCity · Best of Business

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  Speaker 1: You're listening to a podcast from News talks'd be follow
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  Speaker 1: this and our wide range of podcasts now on iHeartRadio.
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  Speaker 2: To the markets. We're going to have a look at
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  Speaker 2: the impact the US presidential debate had on markets shortly.
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  Speaker 2: But first let's get an update on Fletcher Building. Shane
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  Speaker 2: Solely from Harbor Asset Management is.
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  Speaker 1: With us A.
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  Speaker 3: Shane, Hey, how are you going?
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  Speaker 2: Very good? Thank you? So Fletcher's handed the hotel of
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  Speaker 2: Disgui City hasn't Yes, it has?
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  Speaker 3: Yes, Yeah, And look I think Fletcher Building share for
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  Speaker 3: is up six percent today after really delivering an outcome
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  Speaker 3: that we haven't seen for a while from Fletcher's, which
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  Speaker 3: is actually delivering a project on and within a time frame,
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  Speaker 3: within a within a budget. And certainly that's been a
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  Speaker 3: bit of a a boost day blowout in costs something expected,
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  Speaker 3: and certainly there's a few more hurdles for Fletchers to clear,
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  Speaker 3: but this is a positive, This is certainly in the
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  Speaker 3: right direction.
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  Speaker 2: Yeah, absolutely, Now, okay, how did the markets react to
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  Speaker 2: that debate?
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  Speaker 3: Yeah, Look, it was a pretty interesting outcome as that
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  Speaker 3: the day went by. Certainly the market side to priy
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  Speaker 3: and more potential for a Trump victory still very early
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  Speaker 3: in a campaign. It's a long way Togo. But certainly
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  Speaker 3: what in business we're focusing and on was that rests
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  Speaker 3: around some of the Trump policies, particularly trade protections, and
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  Speaker 3: this is the one where it's a lot of chat
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  Speaker 3: about increasing tariff on Chinese inputs in particular, that would
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  Speaker 3: be inflationary and potentially could trigger a broader trade war.
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  Speaker 3: Policies about tax cuts, really embedding those existing text cuts permanently,
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  Speaker 3: immigration restrictions, and unwinding some of the clean green energy
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  Speaker 3: initiatives that have been put in place by the current
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  Speaker 3: Democrat government. Said look, a little way to go. But
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  Speaker 3: sum it's put a Vesta's on the back foot, you know,
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  Speaker 3: the weary about what those policy changes could do.
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  Speaker 2: But what about the immigration restrictions. What would be the
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  Speaker 2: impact of that if Trump was.
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  Speaker 3: In Yeah, look, the focus is on undocumented workers. This
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  Speaker 3: is potentially stagflationary, potentially slows economic growth while increasing the
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  Speaker 3: cost of labor and assuming I think one of the
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  Speaker 3: things that the Democrats can point to is, hey, this
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  Speaker 3: opening the borders up, letting people come in, which is
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  Speaker 3: what the US has done for decades, has actually been
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  Speaker 3: good for the economy. Everybody's got a different perspective. I
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  Speaker 3: think it's about the process, which is clearly what the
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  Speaker 3: Republican Trump Let government looked to tighten up.
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  Speaker 2: Yeah, interesting stuff, Shane, thank you very much, appreciate it.
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  Speaker 2: Look forward to talking to you again. That's Shane Soley
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  Speaker 2: of Harbor Asset Management.
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