Signs of economic recovery look to be turning the dial on retailers' mood.  

Retail NZ's quarterly survey finds 65% of retailers feel confident or very confident their business will survive the next 12 months. 

It finds 57% think they will meet or exceed their targets for the final quarter, even after 70% failed to meet their last sales targets.  

Chief executive Carolyn Young says retailers are expecting more consumer confidence from recent OCR cuts and falling inflation.  

She says while sales numbers are down, there's optimism for the future. 

LISTEN ABOVE 

Signs of economic recovery look to be turning the dial on retailers' mood. &nbsp;
Retail NZ's quarterly survey finds 65% of retailers feel confident or very confident their business will survive the next 12 months.&nbsp;
It finds 57% think they will meet or exceed their targets for the final quarter, even after 70% failed to meet their last sales targets. &nbsp;
Chief executive Carolyn Young says retailers are expecting more consumer confidence from recent OCR cuts and falling inflation. &nbsp;
She says while sales numbers are down, there's optimism for the future.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Carolyn Young: Retail NZ CEO on the increasing confidence from retail businesses

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/321e7fac-e993-44e1-8f2e-b211015dd14b/transcript

Australian media executive, Kim Williams has been made chair of the ABC Radio. He aims to raise the importance of news radio in Australia.

William said that there's far too much fluff on the website and that they need to tidy it up and tighten it up, he has got rid of the National Morning Pres, Breakfast Presenter Patricia Karvelas and has advised the team to be more serious. They have now returned to being the number read website in Australia.

Murray Olds, Australian Correspondent tells Mike Hosking that news in New Zealand isn't as big as he believes people have started to “care less” about the news. 

He says that there aren't many radio newsrooms around as there's no money getting put into it, saying that Williams is going to be a “breath of fresh air for this place.”

LISTEN ABOVE

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Australian media executive, Kim Williams has been made chair of the ABC Radio. He aims to raise the importance of news radio in Australia.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">William said that there's far too much fluff on the website and that they need to tidy it up and tighten it up, he has got rid of the National Morning Pres, Breakfast Presenter Patricia Karvelas and has advised the team to be more serious. They have now returned to being the number read website in Australia.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Murray Olds, Australian Correspondent tells Mike Hosking that news in New Zealand isn't as big as he believes people have started to “care less” about the news. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">He says that there aren't many radio newsrooms around as there's no money getting put into it, saying that Williams is going to be a “breath of fresh air for this place.”
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

Murray Olds: Australian correspondent discusses declining news interest in New Zealand amid ABC Radio changes

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/22d89b36-9a87-4dc0-99dd-b21400073f33/transcript

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all. 

 

Andrew Bayly: 2/10 

Inexplicable behaviour. We still don’t really know the details of it, but it's also been hopelessly explained, thus dragging it out. 

 

Darleen Tana: 1/10 

A person who should have never found her way to a House of Representatives. 

 

The America's Cup: 7/10 

Why wouldn’t you believe Ainslie when he says we're the greatest team ever? 

 

Liam Lawson: 9/10 

Not just a debut in one of the world's most significant and influential sports, but a debut that had everyone mesmerised. Next stop, Mexico. 

 

Katsu chicken: 8/10 

Victory of the week in many respects. A problem addressed, solved, money saved, and the critics essentially silenced. 

 

The Commonwealth Games: 3/10 

It's got staggering "on its last legs" vibes. It's ten events in a last-minute city. In a world where sport is booming, this isn't. 

 

LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW 

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.&nbsp;
&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/christopher-luxon-prime-minister-on-andrew-baylys-offensive-comments/">Andrew Bayly: 2/10</a>&nbsp;
Inexplicable behaviour. We still don’t really know the details of it, but it's also been hopelessly explained, thus dragging it out.&nbsp;
&nbsp;
Darleen Tana: 1/10&nbsp;
A person who should have never found her way to a House of Representatives.&nbsp;
&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/grant-dalton-team-new-zealand-boss-confirms-challenge-for-next-americas-cup-which-could-still-happen-in-new-zealand/">The America's Cup: 7/10</a>&nbsp;
Why wouldn’t you believe Ainslie when he says we're the greatest team ever?&nbsp;
&nbsp;
Liam Lawson: 9/10&nbsp;
Not just a debut in one of the world's most significant and influential sports, but a debut that had everyone mesmerised. Next stop, Mexico.&nbsp;
&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/david-seymour-associate-education-minister-on-the-school-lunch-budget-and-opportunities-for-businesses/">Katsu chicken: 8/10</a>&nbsp;
Victory of the week in many respects. A problem addressed, solved, money saved, and the critics essentially silenced.&nbsp;
&nbsp;
The Commonwealth Games: 3/10&nbsp;
It's got staggering "on its last legs" vibes. It's ten events in a last-minute city. In a world where sport is booming, this isn't.&nbsp;
&nbsp;
LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW&nbsp;

Mark the Week: Inexplicable behaviour from Andrew Bayly

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0b0c8a5d-3f69-4f8d-b243-b2130165934c/transcript

If you are looking for cogent arguments, then there was no shortage of them from the banks this week in front of the Parliamentary committee looking into banking. 

They are doing this because the Government has decided banks need some kind of reform and there is not enough competition. 

What they plan to do about it we don’t know, but it’s the same argument around telcos, and petrol, and supermarkets, and airlines. 

Of particular concern to the Government is the way the farmers are treated. 

There is dispute within the banking community, like KiwiBank, Heartland Bank, SBS, and TSB, all say it's not fair, the regulation is troublesome, and the playing field is not flat. 

The bigger players say things are fine. Of course they would say that. But between them, and if you want to add the non-bank lenders, there seems to be no shortage of options. 

The defence is that farm bank lending is tough work and it's tough work because lending money to farmers carries risk. Returns from rural lending isn't as high as city lending. 

The complaint about farmers having higher rates is because a lot of farms operate on flexible rates, not fixed. 

All the banks talked of their market share. No one bank dominates and a number of banks have grown their books. 

None of this is to defend the banks at the expense of the farmer, it's just to say that there doesn't appear to be one side overtly more right than the other. 

The ANZ boss this week more broadly defended her bank's profits. She was on a hiding to nothing. She too was cogent, made sense, and put up a good explanation as to how banks work and what sort of return they need. 

It will make no difference, which is the big problem we, or in this case the Government, has with big business. 

They say there must be a lack of competition, profits are too high (without of course anyone defining what exactly is an acceptable profit) and so we will need rules, threats, and the Commerce Commission. 

But I will tell you this for nothing - none of it will change. 

My very broad conclusion for all these industries is we have an imperfect market, based partially, but in no small part, on the fact we are a tiny isolated country with five million people. 

We think we should get better than we do and by being hoodwinked into thinking that, someone must be a robber baron. 

They aren't, but it makes us feel better. 

If you are looking for cogent arguments, then there was no shortage of them from the banks this week in front of the Parliamentary committee looking into banking.&nbsp;
They are doing this because the Government has decided banks need some kind of reform and there is not enough competition.&nbsp;
What they plan to do about it we don’t know, but it’s the same argument around telcos, and petrol, and supermarkets, and airlines.&nbsp;
Of particular concern to the Government is the way the farmers are treated.&nbsp;
There is dispute within the banking community, like KiwiBank, Heartland Bank, SBS, and TSB, all say it's not fair, the regulation is troublesome, and the playing field is not flat.&nbsp;
The bigger players say things are fine. Of course they would say that. But between them, and if you want to add the non-bank lenders, there seems to be no shortage of options.&nbsp;
The defence is that farm bank lending is tough work and it's tough work because lending money to farmers carries risk. Returns from rural lending isn't as high as city lending.&nbsp;
The complaint about farmers having higher rates is because a lot of farms operate on flexible rates, not fixed.&nbsp;
All the banks talked of their market share. No one bank dominates and a number of banks have grown their books.&nbsp;
None of this is to defend the banks at the expense of the farmer, it's just to say that there doesn't appear to be one side overtly more right than the other.&nbsp;
The ANZ boss this week more broadly defended her bank's profits. She was on a hiding to nothing. She too was cogent, made sense, and put up a good explanation as to how banks work and what sort of return they need.&nbsp;
It will make no difference, which is the big problem we, or in this case the Government, has with big business.&nbsp;
They say there must be a lack of competition, profits are too high (without of course anyone defining what exactly is an acceptable profit) and so we will need rules, threats, and the Commerce Commission.&nbsp;
But I will tell you this for nothing - none of it will change.&nbsp;
My very broad conclusion for all these industries is we have an imperfect market, based partially, but in no small part, on the fact we are a tiny isolated country with five million people.&nbsp;
We think we should get better than we do and by being hoodwinked into thinking that, someone must be a robber baron.&nbsp;
They aren't, but it makes us feel better.&nbsp;

Mike's Minute: Are the banks the bad guys?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b41793a8-cffe-4b4e-add4-b21301646256/transcript

Carolyn Young: Retail NZ CEO on the increasing confidence from retail businesses

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