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Sep 6, 2023
09/23
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the labour party is trailing in opinion polls. prime minister chris hipkins has outlined five economic priorities. he joins us live from auckland. good to have you with us. it looks to be a tight race. what are your priorities? >> it is going to be a close election, but we are feeling optimistic. i have stated five priorities about growing exports, being on the forefront of sustainable food producers, making sure we are moving to a low carbon economy, upscaling our people to take on the new jobs of the future, and of course move in our tourism industry up the value chain. it is starting to rebound after the pandemic. those are the five areas where focus on. haslinda: the economy is in recession, but over the weekend you said it has turned the corner. what makes you optimistic? >> the new zealand economy certainly was buffered at the beginning of the year by a cyclone. without the cyclone we would not have been in recession and most new zealand economists would agree. we did quite -- quite a lot of damage was done. we lost quite a
the labour party is trailing in opinion polls. prime minister chris hipkins has outlined five economic priorities. he joins us live from auckland. good to have you with us. it looks to be a tight race. what are your priorities? >> it is going to be a close election, but we are feeling optimistic. i have stated five priorities about growing exports, being on the forefront of sustainable food producers, making sure we are moving to a low carbon economy, upscaling our people to take on the...
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Sep 20, 2023
09/23
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zealand, and we do have the labour party really trailing in the polls thus far. that is one interesting thing to note. market reaction coming through -- we saw a knee-jerk move higher for the kiwi dollar since being given up. it does tell us that it is the fed story that's really starting to feedthrough. given we have seen a drop -- a stronger dollar coming through and the moves in treasury yields reflecting. kiwi bond yields across the curve, really reflecting again what came through from the fed. . treasuries in particular. >> it is really the action across the treasury curve we are looking at. let's bring in brad gibson. head of asia pacific fixed income at alliancebernstein. we are seeing the curves at the height of the cycle. how much further hired to we keep marching -- higher do we keep marching? >> i wish we knew. [laughter] it is all about what drives those yields higher from here. a bond yield is made of a really old component and expectations for inflation, that real yield component now is looking very attractive to us, to percent, 2.25% -- 2%, 2.25%.
zealand, and we do have the labour party really trailing in the polls thus far. that is one interesting thing to note. market reaction coming through -- we saw a knee-jerk move higher for the kiwi dollar since being given up. it does tell us that it is the fed story that's really starting to feedthrough. given we have seen a drop -- a stronger dollar coming through and the moves in treasury yields reflecting. kiwi bond yields across the curve, really reflecting again what came through from the...
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Sep 20, 2023
09/23
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is partly driven by politics, what happened there's a constituency which was expected to fall to the labour party in a recent round of ie elections. it didn't in one of the reasons was there was a lot of anxiety about the zero emission zone in london and the queue that gave to the tory party was due less on green and that might win you some votes. but it's good to be interesting to see how that ultimately affects the internal party politics but also how it affects the investment story in the u.k.. i can't member with the geography if he's inside number nine and number 10. they kind of blur into one within that building. i'll take that. >> i think this brings up the point of where is fiscal and is it hurting or helping. it's also helping to support growth. liz: in the u.k. we haven't had as big physical programs but we have seen government support making a difference and probably muting the impact of monetary policy on inflation so for example the scale of the real income squeeze we've just been through doesn't look that different on a chart to four other squeezes we've been through in the l
is partly driven by politics, what happened there's a constituency which was expected to fall to the labour party in a recent round of ie elections. it didn't in one of the reasons was there was a lot of anxiety about the zero emission zone in london and the queue that gave to the tory party was due less on green and that might win you some votes. but it's good to be interesting to see how that ultimately affects the internal party politics but also how it affects the investment story in the...
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Sep 29, 2023
09/23
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the opposition labour party were ahead in the polls and they kick off their conference the following week. lizzy burden joins me on set. >> the backdrop to this party conference is train strikes and we have to drive up to manchester, the best city in the world. it's hopefully going to be a different atmosphere to last year because of course this time last year the administration was floundering. this is rishi sunak's first conference as prime minister. he's going to hope it is a different tone. it seems as if we have a new tory leader for every party conference at the moment but really, at the start of the year he sent out his five priorities. it has been difficult to achieve them. there's been limited political success on some of them. his strategists say behind-the-scenes this is the opportunity to reset, to show he's a prime minister for the long-term. meanwhile for labor, the analogy that is used is that, back to tony blair, is he going to carry the ming vase to the election or present the positive case to vote labor? that is the challenge for keir starmer. this time labor is goi
the opposition labour party were ahead in the polls and they kick off their conference the following week. lizzy burden joins me on set. >> the backdrop to this party conference is train strikes and we have to drive up to manchester, the best city in the world. it's hopefully going to be a different atmosphere to last year because of course this time last year the administration was floundering. this is rishi sunak's first conference as prime minister. he's going to hope it is a different...
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Sep 3, 2023
09/23
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then national -- the national opposition party is ahead, and the labour party has dropped below 30%. if those polls are to be believed, the opposition has got a fair chance of winning. as is always the case in new zealand, there will be a coalition arrangement, and national is closer to getting that arrangement number. but there is a lot of talk and debate to come before that is decided. >> obviously, spending has created a sense of necessity given it since -- sensitive inflationary environments, is there a political willingness to do that? >> there is willingness, but there is not much money. the economy is slowing and could face recession before the end of the year, with revenues being hit. the government announced that it wants to cut a billion dollars per year from spending within government agencies and departments if it wants to get back to the surplus it has promise. as i mentioned, the government is promising to take sales tax offered and vegetables. nationals got an aggressive tax-cut policy, which it says that it can self fund by adding levies on things like gaming. the opp
then national -- the national opposition party is ahead, and the labour party has dropped below 30%. if those polls are to be believed, the opposition has got a fair chance of winning. as is always the case in new zealand, there will be a coalition arrangement, and national is closer to getting that arrangement number. but there is a lot of talk and debate to come before that is decided. >> obviously, spending has created a sense of necessity given it since -- sensitive inflationary...
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Sep 28, 2023
09/23
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national party over the past while saying that it will reduce debt faster than the current incumbent labour government and has released its fiscal plan ahead of the election, which is getting pretty close now. october 14, the national party saying it plans to return the budget to surplus in 2026 and 2027. government debt in new zealand has a preach record levels after the pandemic. we also have futures in sydney, getting higher as we get going, and over the next hour, up by point 6%. we have had a much weaker yen for a while now, we heard from the former top currency official in japan a while ago saying that it is at 155 when the government will get worried. wait to see a lot of markets the region today as the golden week holiday gets underway in china and other markets. china, taiwan, south korea, and others will have no trade today. chinese property developer evergrande has confirmed that it's billionaire found -- founder is suspected of crime. another blow to the real estate tycoon who was once amongst the richest people in asia. we are tracking the latest on the story in hong kong. anna
national party over the past while saying that it will reduce debt faster than the current incumbent labour government and has released its fiscal plan ahead of the election, which is getting pretty close now. october 14, the national party saying it plans to return the budget to surplus in 2026 and 2027. government debt in new zealand has a preach record levels after the pandemic. we also have futures in sydney, getting higher as we get going, and over the next hour, up by point 6%. we have...
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Sep 26, 2023
09/23
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the labour party from another time and place, political angst about what we do. spence, who invented graduate education in american stanford, has an understanding of what is asymmetric information and things we can't see within the system. many but the gang theory. lisa: i will say it is tricky to figure out how to model the on model a bull. my father-in-law -- he said to me once they can create the most perfect model but the parameters will be wrong. if that is where we are right now. tom: in 2010 on the certitude, there are things you can't see. coming up on your federal reserve, the fed put julia coronado, macro policy perspective. futures at -15. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. explore endless design possibilities. find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. tom: jonathan ferro staying in london in conversation
the labour party from another time and place, political angst about what we do. spence, who invented graduate education in american stanford, has an understanding of what is asymmetric information and things we can't see within the system. many but the gang theory. lisa: i will say it is tricky to figure out how to model the on model a bull. my father-in-law -- he said to me once they can create the most perfect model but the parameters will be wrong. if that is where we are right now. tom: in...
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Sep 22, 2023
09/23
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script of what we have observed in the london battle of the conservative party, may be in ascendant labour party. tony blair talking up labor to a great extent. do you drive an ev? roger: certainly not. i do not drive. i do not need to. tom: for our american audience, london is under a debate encapsulating 2025 united states, is that where we are heading? explain to our global audience how psg and the timeline -- how esg and the timeline of the distribution of electric vehicles has been crushed by the conservative prime minister. roger: this is really interesting. a succession of conservative governments following on the mission begun by labor lay down a very tight schedule for a series of green anti-climate change measures including electric vehicles, heat pumps in houses. it has been an extraordinary episode. we know the ambition is fine. we want to get to net zero. getting from here to there has always been difficult. it was not clear we could do that with existing technology and it was not clear what the costs were. i think british politicians have played fast and loose with the public
script of what we have observed in the london battle of the conservative party, may be in ascendant labour party. tony blair talking up labor to a great extent. do you drive an ev? roger: certainly not. i do not drive. i do not need to. tom: for our american audience, london is under a debate encapsulating 2025 united states, is that where we are heading? explain to our global audience how psg and the timeline -- how esg and the timeline of the distribution of electric vehicles has been crushed...