00:00:00
Speaker 1: Come and join the team on 5AA.
00:00:02
Speaker 2: I just want to rock.
00:00:04
Speaker 3: You're making me feel so right.
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Speaker 4: Knock down.
00:00:10
Speaker 5: Build two.
00:00:11
Speaker 4: With Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes. They do it all for you.
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Speaker 6: Live from Hindmarsh Square, it's 5AA Breakfast. Will Goodings with Stacey Lee.
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Speaker 1: After six, good morning to you. Welcome to Thursday on 5AA Breakfast. It is the 5th of November. Big program on the way today. We said it, I reckon, about three weeks ago. David Jones, big trouble. The tea leaves. It was putting in a Very concerning direction and perhaps as soon as today we will find out officially that David Jones, Australia's oldest and most recognisable retailer, will be placed into administration. Retail expert Gary Mortimer coming up on the program after seven o'clock. Koshi is going to join us today. Koshi had a bit of a time zone issue. It's a bit of a problem living in Australia. At any given moment you could be in a different time zone and he was and there was a miscalculation. Anyway, Koshi's coming up a little bit later today. We'll talk to him about the Reserve Bank, rates, recession, all the R words. Matt Abraham to dissect what has been a massive week in politics, including the US midterms yesterday. They're calling it the Blue Nami, the Democrats. There was a polling error in US politics. That won't surprise anyone, but the direction will. It was a polling error in the favour of the Democrats, who have won seats that most Democrats have never even been to. We'll be heading to Texas, a seat that has not provided a Democrat senator yet. Since the 80s, News Radio's Ethan Bratton from Houston will join us after 6.30 to talk about a monumental shift in that country. Stacey Lee, good morning to you.
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Speaker 5: Good morning, Will. I'm very upset about David Jones.
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Speaker 1: It's hard to imagine. It's really hard to get your head around. It's shocking.
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Speaker 5: I don't know about you, but sorry, Mum. I grew up in shopping centres.
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Speaker 1: I grew up.
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Speaker 5: Going into David Jones, going and.
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Speaker 7: Watching the fashion parades they used to do at the start of every season. When they had cafes in David Jones, we'd go and sit in the cafe after school if we were good and have a little afternoon tea snack.
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Speaker 5: Yeah, and I don't know what it means for the three stores here, the City, Marion, West Lakes.
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Speaker 7: A lot of it's due to unpaid rent to Westfield, so does that mean the City one would survive?
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Speaker 1: Possibly, but it sounds like If they place the whole thing– I mean, there might be some futures for the stores independently, but the administrators, once you get to that point, everything is live. Every possible resolution is live.
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Speaker 5: What does this mean for the future of retail?
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Speaker 1: Well, this is– for me, this is not the canary in the coal mine. This is half the miners suddenly died. This is– if David Jones can go, nothing is immune. And if David Jones goes, what's the future of a shopping centre? They're always the biggest tenant.
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Speaker 7: The anchor tenant, usually the first one to sign up. The reason a shopping centre can get built and developed and be viable.
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Speaker 1: It feels like a monumental shift in the world of retail. We've been inching towards a non-face-to-face reality in that world and it feels like we've suddenly taken a big leap forward.
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Speaker 7: But I just think that the products you get in David Jones are the products that A lot of people don't.
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Speaker 5: Want to buy online clothes. I want to go in.
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Speaker 7: I want to try them on, see what fits, find the size. And David Jones has lots of.
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Speaker 5: Different brands, so you can go and try on quite a few things all at once.
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Speaker 8: Yeah, that's the lure of the department store.
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Speaker 1: All the brands were there. Why is that suddenly not working?
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Speaker 9: Yeah.
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Speaker 7: So do we go back to sort of high streets and that sort of thing, or does physical retail store just go?
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Speaker 1: Maybe it's just about, you know, you imagine the pie, maybe 80% of the pie when it comes to buying anything now is sitting there on your phone and there will be small little premises where you can go and try things on. Where you can arrange to go and have to try it on, perhaps.
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Speaker 5: Yeah, book in.
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Speaker 1: That's what it feels like it's heading to. I can't imagine a scenario where we won't have big department stores, we're going to have a whole stack of little shops pop up.
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Speaker 10: Yeah.
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Speaker 1: It doesn't feel like anything's popping up to replace this.
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Speaker 9: No.
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Speaker 5: Well, then they have to sort out their sizing.
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Speaker 11: Yeah.
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Speaker 7: Because if you can't try clothes on, you have to just be one size. That's a good point.
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Speaker 1: That is a really good point. We're going to talk lots about David Jones this morning. And you may have a view on it, folks. You may have worked there. You may have some memories. Crikey, every time I go to David Jones at West Lakes, there'll be half a dozen people working there. They'll either say, oh, I'm friends with your mum or your grandma used to come in all the time or will chat with me. It always feels like some sort of family reunion. So we will talk lots about David Jones this morning, a monumental moment in Australian retail history.
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Speaker 9: Yeah.
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Speaker 1: Speaking of Australian history, shall we talk a bit about Australian music?
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Speaker 12: Once a jolly swagman camped by a billabong under the shade.
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Speaker 1: They're calling it Australia's first living body of music. I don't know what that means. It's called the Inaugural National Songbook. It's a list selected by a ten-person panel established by the Australasian Performing Rights Association, the Australasian Mechanical Copyright Owners Society... And the National Film and Sound Archive of Australia. So they sat down to work out the first ten songs to be chosen for the Australian Songbook for their cultural impact.
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Speaker 9: Oh, all right.
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Speaker 5: We're starting the songbook.
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Speaker 1: We've started the songbook. The first ten are in. Waltzing Matilda is in. This is Slim Dusty, but its credit is obviously Banjo Patterson. Friday On My Mind by the Easy Beats made.
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Speaker 5: It two, which I think is a fantastic song.
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Speaker 1: And then you get a whole bunch of songs that have really obvious political impact and make obvious political statements. Treaty by Yothu Yindi and.
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Speaker 9: Midnight Oil.
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Speaker 5: Selected as well.
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Speaker 1: I don't know how people are going to feel about Midnight Oil being in there. I think this is more of a debate about omission than it is about inclusion. There's some orchestral music as well. There's some modern music. The presets are in there.
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Speaker 5: Okay.
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Speaker 1: It feels like a lot for this time of the morning, but they're in there too, just to give you a bit of a sense. Now, what is not included, folks? I think I've read about just about everything. I'm Woman by Helen Reddy is in there. Mile and Home. Down City Streets, Earth Cry, The Boys by the Necks, Yothu Yindi with Trudy, and My People, the presets. Now, what's not in, what should be in? This is your task this morning. 8223 0000 or text us on 024808 1395. I will give you the exact criteria. that these bodies used to come up with the Australian songbook.
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Speaker 9: All right.
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Speaker 1: To be included, a song must have been written or co-written by an Australian APRA member. Oh, let's forget the member part, okay? Let's just say an Australian.
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Speaker 5: Or Australian.
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Speaker 1: Had a considerable impact on the nation's culture and been released at least 10 years before.
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Speaker 9: Okay.
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Speaker 1: So.
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Speaker 5: So, before 2016.
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Speaker 1: Something before 2016.
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Speaker 9: All right, deal.
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Speaker 5: Do you have one?
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Speaker 1: Yeah, before seeing the list... There was one of two songs I thought, well, they'll obviously be on there. Because to me, and I would never even say I'm the world's biggest fan of this band. They are iconically Australian. And to me, when I hear either of these songs, nothing to me sounds more like Australia. And it's either Flame Trees or K-San by Cold Chisel. To me, that's just what Australia sounds like.
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Speaker 5: Yeah, hold on.
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Speaker 1: Somehow Cold Chisel doesn't feature in the list.
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Speaker 9: How does he rock?
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Speaker 1: I just, that's what, that's Australian. Just a remarkable piece of music. But I think notable because to me it just sounds like such an Australian piece of music. Okay, do you have one?
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Speaker 5: Yes, I do. It's got to be the classic, Horses.
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Speaker 1: Oh, Daryl. We just heard it. We played it a bit during our show yesterday, didn't we? Oh, that's a good one. Yep.
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Speaker 13: Yep.
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Speaker 5: I think it's there.
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Speaker 1: No?
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Speaker 9: Not sure?
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Speaker 1: Oh, there it is.
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Speaker 14: Yes.
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Speaker 1: Sorry.
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Speaker 7: It does feel like it's the wrong time of day to be playing it, but name me an Australian who doesn't know that song.
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Speaker 1: Everyone knows the words. That should have been something that included in the criteria was you've got to be able to– 75% of Australians need to be able to sing along to it.
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Speaker 9: Yep.
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Speaker 1: That's not bad. I like that. That's on our list. We're doing our 5AA Breakfast Australian songbook.
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Speaker 5: I have one more.
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Speaker 1: Oh yeah?
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Speaker 5: Can I have one more?
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Speaker 1: Go on, have another go.
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Speaker 5: And they're a bit more local as well. The Angels.
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Speaker 7: Name me an Australian that doesn't know the correct and the incorrect lyrics.
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Speaker 1: The unofficial chorus.
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Speaker 5: Yeah, here we go.
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Speaker 1: My favourite moment of not this last pro season, but the season before, was Brodie Smith choosing this as his goal celebration song, anticipating he wasn't going to play that season, I suspect, because it was his last year. He played and he kicked a goal, and Adelaide Oval all sang the unofficial verse, and it was... A truly magical moment.
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Speaker 2: That's awesome.
00:09:34
Speaker 1: Thank you, Brodie Smith. 17 After 6, we're going to get to some of your suggestions for what should feature in the Australian Songbook right after this.
00:09:41
Speaker 4: Knockdown, Bill 2, with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
00:09:49
Speaker 6: Real Goodings with Stacey Lee. This is 5AA Breakfast.
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Speaker 1: 21 After 6, compiling our own or adding to the Australian Songbook, which has its first 10 songs, the that have been added in. There's already some controversy on our list today, Stace.
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Speaker 9: Yeah.
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Speaker 1: Horses.
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Speaker 9: Yeah.
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Speaker 1: Written by two Americans.
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Speaker 7: No.
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Speaker 1: Not eligible.
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Speaker 9: No.
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Speaker 1: All right, let's go to Ross Trevor. Michael, good morning. What song should be in the Australian songbook?
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Speaker 15: I'd like John Williams' True Blue.
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Speaker 1: How is it not?
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Speaker 11: Yeah.
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Speaker 16: Is it me and you? Is it mum and dad? Is it a cockatoo?
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Speaker 1: I think Steve Waugh singing True Blue might have been the moment this nation peaked. How's it not on the list? I don't know. Good one, Michael. Thank you. Let's go to Stephen O'Halloran Hill. Steve, what have you got?
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Speaker 3: I was only 19 by Red Gum. Red Gum, have to be in.
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Speaker 5: That's a non-negotiable.
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Speaker 3: Dave in South Brighton, what should be in the Australian songbook?
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Speaker 1: Well, if it's.
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Speaker 17: Affects the culture.
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Speaker 18: There's only one song that'll get blokes to drop their dacks after about nine o'clock at night, and that's Eagle Rock.
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Speaker 1: Hey, that is the culture. If that's the culture, that's the culture.
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Speaker 9: I love the.
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Speaker 5: Idea that someone moves here. Tell us about Aussie culture.
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Speaker 1: Yeah.
00:11:28
Speaker 5: Well, if you play this one song at a wedding, all the.
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Speaker 7: Men in the room will pull their pants down and dance in a circle.
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Speaker 14: Why?
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Speaker 9: No one knows.
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Speaker 18: Just the vibe.
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Speaker 3: Yeah.
00:11:41
Speaker 1: You might not like the culture, but it is the culture. Thank you, Dave. Let's go to O'Sullivan Beach. Mike, what have you got for us in terms of the Australian songbook?
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Speaker 10: Do you come from the land down under?
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Speaker 1: Yeah.
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Speaker 12: Oh.
00:11:53
Speaker 8: I come from the land down under.
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Speaker 2: How is it not?
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Speaker 1: Well, I think what's been clear is we've taken four calls and they've already put together a better Australian songbook than.
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Speaker 5: Better than the soundtrack.
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Speaker 1: Better than the official Australian songbook.
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Speaker 5: Put together by whoever it was that put it together.
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Speaker 1: Yeah, the whole... It was basically everyone who's ever been involved in music in Australia. And what do they say about, you know, how too many chefs spoil the broth?
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Speaker 7: Yeah.
00:12:17
Speaker 1: Too many callers, though, make it great. Terry in Kapunda, good morning.
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Speaker 19: Good morning. Listen, this bloke probably should have two in there, one being Kenneth Hill Sadler, but I still call Australia home probably tugs at the heartstrings a little bit.
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Speaker 9: Yeah.
00:12:46
Speaker 1: Peter Allen is a worthy place in the 5AA Breakfast Australian songbook. Let's go to Beaumont. Yuri, you can't put the D's club song in.
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Speaker 10: I know that.
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Speaker 20: I still did the classic film clip of Bon Scott in the back of the truck.
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Speaker 14: He's a long way to the top when you want to rock and roll, playing the bagpipe.
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Speaker 17: Absolute classic Australian.
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Speaker 2: Thank you, Yuri.
00:13:11
Speaker 1: Let's squeeze a couple more in before we go to sport. Frank in Birkenhead, what would you add to the Australian songbook?
00:13:17
Speaker 10: Good morning, Will and Stacey.
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Speaker 18: Here's a good old Aussie song. I can't think of the songwriter.
00:13:23
Speaker 15: Old Man Emu.
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Speaker 1: Oh, he's already had a mention.
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Speaker 3: Oh, has he?
00:13:27
Speaker 15: Sorry.
00:13:28
Speaker 1: No, not the song, though. It's John Williamson. This is another version, but that's the one we have in our system.
00:13:32
Speaker 9: Thank you, Frank.
00:13:33
Speaker 1: We might take one more before we go to sport. Let's go to One Tree Hill. Brad, good morning.
00:13:48
Speaker 3: Yeah, good morning, Will and Stacey. I reckon this song should be a national anthem, an anthem of the Spider Seekers. You am, I am, we are Australians.
00:13:58
Speaker 1: We are one, but we are many. And from all the lands on earth we come. I wonder if they have a referendum like they did to determine the Australian anthem in 50 years' time, whether some of these sorts of songs legitimately will be part of the conversation.
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Speaker 5: 100%.
00:14:24
Speaker 1: Because they'll be considered of historical significance. They won't be connected to the pop culture as such, which I think actually hurts them when you think about an anthem.
00:14:33
Speaker 5: Yeah, that's true.
00:14:35
Speaker 1: And if we were to do it, what we'd end up with is every chance it'd be something like The Seekers.
00:14:40
Speaker 5: Waltzing Matilda.
00:14:41
Speaker 1: Waltzing Matilda. Great suggestions, guys. Keep them coming in. 8223 0000. Text us on 04808 1395. It's a cool one today. 11.3 degrees outside. We're only heading for a top of 21. It'll be a cloudy kind of a day. It looks cloudy out there now. It's going to stay that way. The cloud. It dissipates a little bit tomorrow, top of 23, but we don't get really any warmth until early next week, 20 on Saturday, 24 Sunday, and then up to 29 on Monday. Let's talk sport. Tom Renz in the 5AA Breakfast Studio. Agostino Mitsubishi's demo clearance is on now. Savon Pajero, Sport ASX, Triton Outlander, Nailsworth and Mawson Lakes. Morning to you, Rennie.
00:15:16
Speaker 8: Morning, Will.
00:15:16
Speaker 1: Morning, Stace.
00:15:17
Speaker 8: I think Peter Allen's I Still Call Australia Home should be our anthem.
00:15:20
Speaker 1: I love that song.
00:15:21
Speaker 8: And I don't know if either of you have seen it, but there's a version... I was just talking to Patty about it and the girls in the newsroom. There's a version of the Flame Tree song, which I love. Cate Blanchett, it's an Australian movie, arthouse movie, 2005. It's called Little Fish, where she's a user struggling in her life and she goes into a school auditorium. She's at the lowest of the low and there's a choir singing that song, the Flame Trees, and it's just.
00:15:49
Speaker 1: A haunting experience.
00:15:50
Speaker 8: Beautiful scene where she's.
00:15:52
Speaker 1: Running across roads.
00:15:53
Speaker 8: Yeah, Little Fish. I might have to watch it. Yeah, so it's a great scene. So, yeah, I love that song and sort of fell in love with that song from there.
00:16:01
Speaker 1: Put it in the songbook, Renny.
00:16:02
Speaker 8: Yeah, put it in the songbook.
00:16:03
Speaker 9: Beautiful.
00:16:04
Speaker 8: I'll tell you what, that's sort of the positives that we're talking about. But if you're waking up this morning and you buy a copy of the advertiser, front page news, I think if you're Tom Papley or if you're Matthew Pavlich or Dean Cox, the CEO and the coach respectively, And you're seeing what's happened with Papley, you're just going, not again.
00:16:25
Speaker 5: What's wrong with the culture at that club?
00:16:27
Speaker 12: Yeah.
00:16:27
Speaker 5: And was it meth he was allegedly caught driving?
00:16:30
Speaker 8: Yeah, that's right.
00:16:30
Speaker 1: Unlicensed, on meth. Unlicensed. The kind of person we usually hear about at 6.40 in our police wrap. And we call them idiots.
00:16:36
Speaker 14: Yeah.
00:16:37
Speaker 7: We have this perception of sports people and cocaine being the expensive sort of drug, but meth?
00:16:44
Speaker 1: Yeah, that's right.
00:16:45
Speaker 8: And then- So there's a second test that's now undergoing analysis. They've got to do a secondary test, but that's going to take a few weeks to sort of sort through that.
00:16:54
Speaker 1: So two weeks from today, November the 19th, is the AFL draft. That wasn't too many years ago. I reckon if you had a 17-year-old boy and heard his name called by the Sydney Swans on draft night, you would have thought, well, that's fantastic. It's a professional organisation. It's going to be well looked after, and I'm just delighted for him. You wouldn't sleep that night now. If your child was going to the Sydney Swans, they've trashed that reputation.
00:17:18
Speaker 8: And it takes, as you know, Will and Stacey, it takes a lifetime to build a reputation, but it can be torn down in months.
00:17:25
Speaker 1: It's done now.
00:17:26
Speaker 10: Yeah.
00:17:27
Speaker 17: Yep.
00:17:27
Speaker 8: And unfortunately, it has. And you're right, Will. And look, I'm not saying the South Australians are involved, but we've had a rich history of giving Sydney amazing players from South Australia. And they've had this incredible revered culture from the outside. But yeah, you're right now, Pat Plea and the Pullman Five, and we're still waiting to see what the sanctions are there. But it's very much down in the dirt at the moment, isn't it?
00:17:53
Speaker 15: Yeah.
00:17:54
Speaker 1: They've done themselves a decade worth of damage probably in the last two months, three months.
00:17:58
Speaker 8: And it's an interesting point you make, Will, about that. You know, parents that probably never admit to it publicly because they want their son to be drafted wherever. But I think you make a really good point. I think there's probably a few going, is our boy 17-year-old going to be safe up there? You know, is he going to be okay?
00:18:17
Speaker 1: The first thing you'd be thinking about now, I reckon. Do you want him hanging around with these blokes? Yeah.
00:18:22
Speaker 8: And probably more broadly, people will be saying, how widespread is this?
00:18:27
Speaker 5: Yeah.
00:18:29
Speaker 8: Is it just a Sydney problem or is it an AFL problem?
00:18:33
Speaker 1: That's probably the right answer. It's hard to imagine it's just a Sydney problem.
00:18:36
Speaker 13: Yeah.
00:18:37
Speaker 7: And the AFL's drug testing regime doesn't help the perception either, how secretive and draconian it is.
00:18:43
Speaker 8: I think it needs a total overhaul, doesn't it?
00:18:45
Speaker 14: Yeah.
00:18:46
Speaker 1: Good stuff, Renny. Good on you.
00:18:47
Speaker 14: Thanks, guys.
00:18:50
Speaker 4: Knock down bill two with metro homes sell one and move on keep the other as an investment metro homes they do it all for you.
00:18:58
Speaker 6: Will goodings with stacy lee this is five double a breakfast.
00:19:02
Speaker 1: 27 uh police and weather coming up very shortly after seven o'clock we'll talk about the immediate future well in the immediate and Long term, if it has one, of David Jones, retail expert. Gary Mortimer is going to be on the program. If you've ever worked at David Jones, you've got one near you. You've got a view on what it will mean about Australian retail to see our biggest and most recognisable, and I would have thought strongest, retailer disappearing from department stores and high streets. Then we want to hear from you. 8223 0000 is the number. You can text us too on 04808 1395. It's hard to put in Australian context what just happened in the US midterms.
00:19:42
Speaker 15: Yeah.
00:19:44
Speaker 1: We spoke about in our preview that Democrats were hoping to flip the House of Representatives. In fact, that was most likely. The Senate, their upper house, like our Senate, the state's house, was going to be more difficult because the seats available to them at this election, the third of the Senate that was up, were southern seats. Places like Kansas that hadn't elected a Democrat senator for nearly 100 years, or places like Texas where it hadn't happened for some 40 years. Well, they needed four to flip the Senate, and right now it sits at seven. And listen to some of these names, Texas, Kansas, Iowa, North Carolina, South Carolina, no one saw coming, Ohio, Maine. They lead in Mississippi right now. None of this was considered possible.
00:20:26
Speaker 5: Look at that map on our live stream.
00:20:28
Speaker 1: We've got the map on the live stream at the moment.
00:20:29
Speaker 5: The blue wave.
00:20:31
Speaker 1: It is a repudiation of the first two years of this Trump term. It's a remarkable political statement by the American people. The recriminations have started in America right now. But I was, again, trying to think, this is like Labor winning Bragg. This is like the Liberals winning Playford.
00:20:48
Speaker 4: Yeah.
00:20:49
Speaker 1: These are things that should never happen. It makes no sense. The joke would historically be, you know, How many members of the Labor Party have even driven through Bragg? It's that level of seismic shock. And the biggest is Texas. Nine of the 10 most populous states in the United States now have a Democrat governor. This is uncharted territory right now. And Texas is such a big state. It's such a commercial and economic hub. The ramifications from this are going to be massive. Let's head there now because we have Ethan Bratton for NewsRadio 740. Katie RH on the line. Ethan, good morning to you, and thanks for joining us here on 5AA Breakfast in Adelaide.
00:21:30
Speaker 5: Hey, good morning.
00:21:31
Speaker 2: Thanks for having me.
00:21:32
Speaker 1: So you're in Houston. You sound like a fairly young fella, Ethan. I don't know, have you been alive to see a Democrat senator in Texas?
00:21:40
Speaker 11: You know, I actually haven't. This is my first one, so... Yeah, it's a new life experience for me.
00:21:47
Speaker 2: For sure.
00:21:48
Speaker 1: So can I, the polling's such a funny thing. Certainly when we talk about American elections, there's a skepticism around whether it captures the Trump vote. And whilst Tallarico, the Democrat Senate candidate in Texas, was favored, there was still some skepticism around it happening. Did you get a sense in the lead up, just in your social groups, on the street, that there could be this remarkable upset in the offing?
00:22:13
Speaker 11: I got a sense that there might be a little bit of a, not necessarily a blue wave, so to speak, that's kind of our terminology here, but I definitely kind of anticipated maybe two, maybe three statewide seats here in Texas on the high end going to the Democrats. Obviously, it being a midterm election, that's usually whenever the party in power takes a little bit of a hit. So I kind of assumed that would play in, but I think the massive sweep that the Democrats have had in the state of Texas is something that nobody, not even the polls predicted. As it stands right now, the Republican Party, who haven't lost a statewide election since 1994, we now only control the, or they now only control the Texas Senate, which is just one of two of our statewide legislative bodies. Everything else is solidly run by the Democrats now. I don't think anybody predicted that.
00:23:15
Speaker 7: And Ethan, one of the main, I guess, policies that we've seen over here in Australia was the change in stance on data centres, the AI data centres. This was a core part of Tallarico's campaign there in Texas, the Democrat.
00:23:31
Speaker 5: Did you see this as the biggest issue being there on the ground?
00:23:36
Speaker 11: I think it was one that got a lot of attention, but when it comes to what actually people went into the polls really thinking about, I don't think so. One of the biggest giveaways of that to me is some of the candidates that were speaking the most strongly against data centers were doing so with AI-generated graphics. So it kind of made me question their sincerity.
00:24:03
Speaker 5: But I think at the end of.
00:24:05
Speaker 11: The day, the biggest issue for voters in Texas was, if I had to just guess, I would probably say it was property taxes. It's something that Republican leaders have been promising for a long time to make major changes on. And They've tweaked around the edges of the issue, but there has never been a big dramatic moment when it comes to property taxes. Republican voters have wanted that for a long time, and it hasn't been delivered. And I think that's what ended up being the biggest difference maker in Texas. Now, nationally, I'd say it's probably different. I would say nationally, what led to the blue wave was probably The action that the president has taken in Iran that hasn't been very popular with his base or with anybody. But here in Texas specifically, if I had to pick one issue, I would say it was property taxes.
00:24:55
Speaker 1: Is is Tallarico a potential presidential candidate down the line, do you think? Or did he just get swept up in that in that blue wave?
00:25:03
Speaker 11: You know, if I had to say right now, I would say it was probably he just kind of got swept up in that blue wave. We saw even here in Texas, he had a lot of issues kind of motivating minority voters. That's going to make a big difference in a national presidential election. But Then again, you never really know. This was a kind of out of left field election. Anything could happen over the next two years. So he definitely might be. I wouldn't put him in 2028. I think he would probably want to serve out his entire first term before he tries for anything bigger. But, you know, anything could happen.
00:25:40
Speaker 12: Yeah.
00:25:40
Speaker 1: Well, we just learned yesterday. Indeed, anything can happen. Ethan, great to chat with you, mate. We really appreciate your time.
00:25:46
Speaker 13: Absolutely.
00:25:47
Speaker 11: Thank you all for having me.
00:25:47
Speaker 1: God bless. That's News Radio 740 KDRH's Ethan Bratton in Houston, Texas. I reckon there were some lessons out of yesterday for Australian politics and you touched on one of them. The polling everywhere was that data centres are not popular and the Republicans in large part backed by huge donations from Elon Musk, nearly half a billion dollars.
00:26:06
Speaker 7: It was the biggest spending election so far in America's history.
00:26:10
Speaker 1: That's right. And a lot of that was to data centres.
00:26:12
Speaker 9: From the billionaires.
00:26:13
Speaker 1: Democrats got a lot of mileage out of running on, well, not having them.
00:26:16
Speaker 9: Yeah.
00:26:17
Speaker 1: We got a Premier who's very keen on having data centres. I think that's an interesting one to watch. You don't win elections on X. You had the guy who owns X spending money and manipulating the conversation one direction and it didn't work.
00:26:30
Speaker 5: I don't think you win anything on X. Does anyone go on X for anything.
00:26:33
Speaker 7: Apart from weird news and AI videos?
00:26:38
Speaker 1: And if you come to power promising cost of living relief and you take active decisions, it that harm people's bottom line, you go to war in Iran and raise fuel prices, you raise tariffs, and that does nothing but increase the cost of consumer goods, people suddenly don't care about the ideology. They don't worry about where they sit historically. Republican registered voters came out en masse. J.D. Vance said this in a remarkable tweet a couple of hours ago. He said to one of his data guys, we've got so many Republicans coming out. And his data guy said, yeah, they are. They're voting for Democrats.
00:27:15
Speaker 9: Wow.
00:27:15
Speaker 1: Ideology goes out the window when cost of living is at the forefront of people's minds. All of a sudden, the online debates about culture and whatever, people say, how much does it cost me to fill up my car and fill up my pantry?
00:27:27
Speaker 5: What does this tell you for the federal Labor government?
00:27:30
Speaker 1: I think it says they're in a lot of strife.
00:27:32
Speaker 21: Yeah.
00:27:32
Speaker 1: A lot of strife.
00:27:33
Speaker 11: Yeah.
00:27:34
Speaker 1: Because some of those same headwinds are going to affect the incumbents here. It's 12 minutes to seven. Should we add another song to the Australian 5AA Breakfast Songbook? Yeah, let's do it.
00:27:43
Speaker 14: Go on.
00:27:44
Speaker 1: Let's go to Warren. Warren, it just says up north here. Where are you up north, Warren?
00:27:50
Speaker 21: I'm in the home of Golden North.
00:27:52
Speaker 14: Can you know where that is?
00:27:54
Speaker 5: Didn't it move? Did Golden North move?
00:27:56
Speaker 1: Yeah, it has. Where is it, Warren?
00:27:59
Speaker 2: Laura.
00:27:59
Speaker 1: Laura, that's right.
00:28:01
Speaker 16: Lovely Laura.
00:28:01
Speaker 18: It's an ice eight degrees at the moment.
00:28:03
Speaker 1: Beautiful. What's your songbook song, Warren?
00:28:06
Speaker 14: Ice House.
00:28:07
Speaker 18: Great Southern Land.
00:28:08
Speaker 5: Oh, good one.
00:28:09
Speaker 1: Oh, that's a great one.
00:28:15
Speaker 5: Great song, Warren.
00:28:17
Speaker 1: That's a fantastic song. Good on you, Warren. Thank you for that. How have we not heard You're the Voice yet? We've taken about 10 callers. Yeah, I know.
00:28:27
Speaker 5: I looked it up.
00:28:29
Speaker 1: Oh, because it's not written by an Australian.
00:28:31
Speaker 5: It's not written by an Australian.
00:28:32
Speaker 1: Good point.
00:28:33
Speaker 5: It's written by British. Chris Thompson?
00:28:36
Speaker 1: Yes, because John Farnham tells the story about being handed a tape, a cassette of different songs he might want to perform, and that was one of them, and it wasn't written by an Australian. Good point. Our listeners are just very wise to the criteria that's used for the Great Australian Songbook, clearly. Shall we talk about the weather today? Let's do that. Cloud, but no rain. 11.5 degrees outside of the city at the moment, heading for a top today of 21. It's going to be cloudy. That's the.
00:29:08
Speaker 1: That's the only thing that's going to be notable out today, I can tell you. There's not much rain. Light winds, partly cloudy. Seas around a metre. The swells below a metre. There's nothing of note beyond the fact it's going to be cloudy and you're getting a sunset at 7.49pm. So let's look for the rest of the week and the weekend ahead if you're planning to do things tomorrow. Maybe a drizzle of rain, but nothing notable. Zero to one millimetres. A top of 23 is what we're expecting for tomorrow. Then we move to Saturday. A top of 20 degrees overnight low of 11. Finally, we get a sunny day on Sunday, 24 the expected top. It warms up again on Monday, mostly sunny and 29. Tuesday drops back to 27. And then when the cloud returns and it's mild on Wednesday, 22. So no 30s in our immediate future, but no rain in our immediate future. It is a stable sort of a weather pattern over the course of the next seven days. All right, let's head to Saipol. Senior Constable Scott James joins us. Good morning to you, Scott.
00:30:04
Speaker 22: Morning, guys.
00:30:04
Speaker 1: A drink drive has been busted five times the legal limit.
00:30:09
Speaker 22: Yeah, that's right. So about 12.40 this morning, Northern District Patrols, they were called to Cheleston Road after reports that the horn of a white SUV had been sounding, I think it was for a couple of hours, after it had actually crashed into a parked car. So patrols attended that scene and found a white JQ SUV that collided with a parked car. The driver underwent a breath test, which returned a reading of 0.256, which is more than five times the legal blood alcohol limit. So that was a 27-year-old Mansfield Park woman. She was reported for drink driving, driving without due care, and issued a 12-month loss of licence. And also her car impounded and a day in court at the Elizabeth Magistrates Court at a later date.
00:30:45
Speaker 5: Okay.
00:30:46
Speaker 7: And this is one we don't hear of very often.
00:30:48
Speaker 5: A man's been arrested... marking graffiti at Morfitt Vale.
00:30:52
Speaker 22: Yeah, so police were called to Main South Road at Morfitt Vale just after 4.30 this morning after a witness exiting a 24-hour gym spotted two men spraying graffiti on signs. Patrols were quick to that area and searched for the suspects, allegedly catching one suspect red-handed with spray paint in their hand. So it was a 23-year-old Adelaide man. He was arrested and charged with marking graffiti and carrying an implement to mark graffiti. He was refused police bail and will appear in the magistrate's court at Christie's Beach later today.
00:31:20
Speaker 1: And Scott, we've got a burst water main causing some issues.
00:31:22
Speaker 22: Yeah, so that one's happening on Main Road at Blackwood, which happened earlier this morning, just causing some traffic delays, likely for some morning commuters. So Main Road is closed in both directions between Colton Road and Stirling Road. We've got traffic patrols out there with diversions in place and SA Water are attending the scene. I believe they are there now just to repair those burst water mains. So just please avoid the area if possible.
00:31:45
Speaker 1: All right, good stuff, Scott. Thank you. Cindy Constable, Scott James there from SAPOL. Let's check traffic. The Toyota Land Cruiser 300 Performance Hybrid has arrived at Jarvis Toyota, combining iconic strength with advanced hybrid power.
00:31:57
Speaker 4: Knock down, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
00:32:05
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
00:32:12
Speaker 1: Five Minutes to Never. Remember, you can watch along on the Facebook and YouTube live stream at any point. Chuck it up on your television screen. Have a real local, locally made breakfast TV program. It's simple these days.
00:32:23
Speaker 5: Yep, we have weather graphics.
00:32:25
Speaker 1: A lot of people that do precisely that just go to the YouTube app and jump on. Yeah, exactly right. Come for the graphics.
00:32:31
Speaker 5: You can see us. Kind of gesturing during the ad breaks, try and work out what we're saying to each other.
00:32:36
Speaker 9: Wildly, yeah.
00:32:36
Speaker 1: Our shorthand sign language is developing. Cherish every morning with your daily Dilmar tea. Enjoy the new English breakfast or paradise breakfast. Dilmar, making the world a better tea. I was just stunned at a story yesterday that came out regarding the renewal essay development at Play for the Live, where three four-bedroom homes were completed in 17 weeks.
00:32:58
Speaker 13: 17 weeks.
00:33:03
Speaker 1: I've got a lot of questions about how that's possible and what it means about the future of home construction. Michael Hickenbotham joins us, the Group Managing Director of Hickenbotham Homes, who built these homes. Michael, good morning to you. Thanks for your time.
00:33:14
Speaker 19: Good morning, Will.
00:33:15
Speaker 18: Good morning, Stacey.
00:33:16
Speaker 1: So how is it possible to build three houses this quickly?
00:33:22
Speaker 18: Well, we've been working on this for a long time. It's about innovation. And What we've been doing is applying world-leading production techniques that come out of Japan, mainly. And this is ways of manufacturing and it's ways of production that really allow things to be done in a much more efficient way. So we're mixing traditional building methods with prefabrication of modules in a way that allows... the production to be much faster and much better.
00:34:00
Speaker 1: Is it as sturdy as a normal home?
00:34:03
Speaker 18: It's better. This is a trifecta. We're in a racing carnival season, and I talk about the trifecta. It's not a holy grail. It's a trifecta. Faster construction, higher quality, better value.
00:34:17
Speaker 7: So is it still made of the same things as a normal home? Is it double brick? How does it get made up?
00:34:26
Speaker 18: That's a good question. So we are prefabricating the wall frames and roof frames. So instead of a pile of lumber delivered to site that would take a carpentry gang a week at least to cut and measure and then form into a frame, we are fabricating them in factories. So we're using technology that allows these frames to be machined in a way that massively improves the tolerance levels. And then they're assembled on site like a Meccano set. So what is wonderful about that is carpenters are in short supply. They can literally stand a frame in hours instead of in a week. So that saves a huge amount of time. We're also using another product called Hebel, produced by CSR, invented in Denmark in 1947. And the beautiful thing about this is These are sort of essentially blocks. Think of, instead of a block of chocolate, think of an aero bar with lots of bubbles in it. So it's still very heavy, but two men can lift it, and two very strong women, I might add. And it's thermally efficient, it's load-bearing, and it's acoustically efficient. So instead of three to five weeks to brick a home, we can literally clad a home in the superior product in a week. And that makes a massive difference.
00:35:48
Speaker 1: So is this going to become the normal way of building homes then?
00:35:53
Speaker 18: Well, it's going to become the normal way for us. So we are at about six months. We're closing on five months as an average for all of our homes. And we have a target of four months for all of our homes by the end of this financial year. And I think these techniques, these processes will spread because what's interesting is The Productivity Commission have been measuring how long it takes to build the average home in Australia. And by 2024, it's just under 12 months. So home production and home productivity is a disaster, really. But this shows that you can turn the clock back. You can do it in a better way.
00:36:36
Speaker 5: How does it compare on cost, Michael?
00:36:40
Speaker 18: Well, you know, it's interesting. If you're in a home that takes 12 months or another six months, sorry, you've signed a contract that takes 12 months to build. Think about this. You're paying rent while you're waiting for the home to be built. You're paying interest on a mortgage on a block of land. So that's one part of it. But the other part is this is actually going to end up being a lot less because we can use our production systems. We can use our volume to actually reduce the price. So to give you some context, Those three homes that we built in 17 weeks at Playford Alive on RSA's site, they are four-bedroom. One of them is two-car, so it's got a two-car garage, and they range between $ 695, 000 and $ 650, 000. Now, that's with RSA, and they take a view on the size of the land, et cetera, and the price. But it shows you what can be achieved.
00:37:42
Speaker 1: Yeah, it's an extraordinary leap forward. That's just fascinating, Michael. Thank you for joining us to explain the new way we're going to see, well, certainly Hickenbotham Homes built, but perhaps others to follow. Michael Hickenbotham, the Managing Director at the Hickenbotham Group.
00:37:59
Speaker 4: Knock down, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
00:38:07
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
00:38:13
Speaker 1: Nine after seven. Good morning to you for joining us for the first time on Overcast. Thursday morning, it is the 5th of November. Future is cloudy for David Jones. We're going to be talking with retail expert Gary Mortimer in just a moment. We'd love to hear from you. If you're a former David Jones worker that's listening, maybe you're a current worker, maybe it's just a shop for which you have a great deal of fondness, or maybe you've got a fear about why It's no longer potentially going to be part of the retail landscape in Australia. We'd love to hear from you this morning. 8223 0000 Texas on 024808 1395. The Weather Bureau before 7.30. So too, David Kosh is going to join us. We missed out on Koshi yesterday, but we'll get him on the program this morning. Then Matt Abraham after 7.30 as we dissect the spin of the week. The reporting now is... Pretty well sourced when it comes to the future of David Jones. There was a meeting last night and an expectation that the business will be placed into administration. In fact, the advertisers reporting McGrath Nickel will be the administrators, if you're wondering how far advanced this would be. Their major lender, Hilco, will appoint receivers from FTI Consulting. The final back-breaking moment was that they couldn't secure a new deal with landlords.
00:39:28
Speaker 5: They hadn't paid back.
00:39:30
Speaker 1: Rent. They hadn't been paying the rent. So what does this all mean about the future of David Jones, the future of department store shopping and maybe shopping centres themselves? Professor Gary Mortimer from the QUT Business School joins us. Professor Mortimer, good morning to you.
00:39:43
Speaker 14: Good morning.
00:39:44
Speaker 19: Great to chat.
00:39:45
Speaker 1: Well, let's start with David Jones in this first instance. What do you imagine is going to happen to their properties, to the brand, to David Jones as we know it from here?
00:39:55
Speaker 14: So I guess the important thing for listeners today is that if a decision is made to put that business into voluntary administration, an administrator will be appointed, but it is business as usual. Stores won't simply close. Stores will continue to trade tomorrow and throughout Christmas. staff will continue to get paid, customers will continue to get served and gift cards will continue.
00:40:17
Speaker 18: To get honoured.
00:40:18
Speaker 14: What will happen over the coming weeks if an administrator is appointed is that that administrator will step in, management step away from the negotiating table and it will start to look at how do we make this a more sustainable, profitable business. I think the commentary over the last several years now about department stores is that it will be a smaller fleet of stores a luxury store, which you can't do with 38 stores, but you could probably do with maybe 12 or 15 stores.
00:40:48
Speaker 7: Gosh, that's scary, Gary, because we find here in Adelaide, when there is not just a luxury department store, but when there's fewer stores around the country, we'll probably see either none or just the one.
00:41:02
Speaker 5: We've only got three David Jones stores here.
00:41:05
Speaker 17: Yeah.
00:41:05
Speaker 13: Yeah.
00:41:07
Speaker 14: Yeah, I mean, obviously, this is a strategy that's been used globally. And, you know, while, you know, obviously, store closures, job losses get headlines. You know, we look at SAC's Fifth Avenue earlier this year in July, in January, went into essentially voluntary administration. They call it bankruptcy, Chapter 11 in the US. From that, they were able to emerge from that period of, I guess, restructure and Less stores, so Saks going from about 33 stores down to 15 stores. I think that's probably what's on the cards for DJs. And I suspect Meyer will probably follow a similar suit. I mean, Meyer's also closed stores progressively over the last several years as well.
00:41:48
Speaker 1: Is this a story specific about the business decisions that David Jones has taken, Gary? Or are they just a victim of a broader change that's happening in retail?
00:41:57
Speaker 14: There's a couple of things that have had an impact on that business. And it's not an issue that's happened in the last six months as the new CEO has been appointed. It's been festering for some time. One of the biggest challenges with big anger tenants like David Jones, my big supermarkets, is that they're locked into very, very long-term leases, 20, 25-year leases. When you think about residential leases, you might be renting an apartment in North Adelaide. suddenly noisy neighbors move in, you don't like the suburb any longer, you can leave after 12 months. If you're a big business like David Jones, you're signing for 20 or 25 years. A lot can change in a suburb in two decades. New competitors can enter the marketplace. We've seen the growth of Tim and Sheen entering the marketplace. Online can grow substantially. Entire new shopping centers can emerge in two decades. But you're stuck with potentially still funding a store that's not making any profit. And you might have five or six or even seven years left of that lease to go. I think that's what's been happening in the background. Obviously, an executive leadership team negotiating with landlords and other stakeholders about how do we exit these leases, these loss-making leases, and make a smaller but more profitable business. And obviously, those negotiations have potentially collapsed and obviously decisions made about possibly moving into VA.
00:43:23
Speaker 7: So in the short term, you think not much will change because there's a lot of people here in Adelaide asking about the Magic Cave, which is our sort of big Christmas display. Lots of kids have grown up going to see Santa there and it's in David Jones in the city.
00:43:37
Speaker 5: We've got our Christmas pageant in a couple of weeks. So the Magic Cave, I think, was opening this weekend. Things like that.
00:43:43
Speaker 7: I know you might not have an answer necessarily directly for that, but short term, will things change?
00:43:50
Speaker 14: Short term, no, I don't think things will change. And certainly there's a lot of history and nostalgia connected to Adelaide and particularly the John Martins Christmas Parade. And that's changed since the collapse.
00:44:01
Speaker 15: Of John Martins.
00:44:01
Speaker 14: But there's another example of big department stores being eaten up or gobbled up by other department stores being taken over by David Jones. It will be Christmas as usual for David Jones. Like I said, stores will remain open and administrator will step in, management will step away and administrator will look at what stores are profitable. And how do we restructure a business? It could be, listen, we're going to move from a three-level David Jones store to a two-level David Jones store. Here in Queensland, where I'm based, we had a two-level department store. It's now a one-level department store. The top floor has gone to a Kmart business. So we may not see every store close, and I don't think that's going to be the case. I think we might see a smaller fleet of stores closing. or certainly smaller square meterage, so floors disappearing and being given over to a different retailer.
00:44:50
Speaker 1: But just before we let you go, Gary, does this pose a challenge at all to the business model of Westfields and big shopping malls around Australia?
00:44:59
Speaker 14: Yeah, I think it's interesting. I think shopping centres is something that hasn't been discussed broadly across mainstream media, but I think they're evolving and changing as well. We know that Aussie spent about nearly $ 90 billion online. It's Really, when you think about footwear, clothing, accessories, general merchandise, consumer electronics, generally 25% penetration of online shopping, which means you need fewer physical stores to facilitate online shopping. And we've seen sort of shopping centers over that time, we think about big ones like Marion, sort of slowly evolving into sort of health areas, gyms, services, health hubs. Here in Queensland, again, where I'm based, we've seen a mire floor disappear and becomes a car dealership. So I think the business model of shopping centres will also change as we see fewer physical retailers play a role.
00:45:48
Speaker 1: Yeah, fascinating. Great to chat, Gary. Thank you for that. Professor Gary Mortimer from the QUT Business School. If you've worked at DJ's, we'd love to hear from you. How are you feeling this morning? Your memories of this beloved department store in Australia? 8223 0000. We always lived in the suburbs, western suburbs, always had West Lakes nearby, so I went there. But if you were coming to the city, it was largely to come to the big David Jones in the city. That was the whole reason we would come into, when we would say go to Rundle Mall, it was shorthand for going to the DJs in the city.
00:46:19
Speaker 7: It's worth noting that David Jones has identified five loss-making stores and none of the South Australian stores are on that list.
00:46:27
Speaker 1: Which is good news. Tony in Seaton, good morning.
00:46:30
Speaker 15: Good morning.
00:46:30
Speaker 10: Look, I've had a very strange conversation with my wife last night. She worked there for 20 years. Now, all those products on the ground floor, all the top labels, top brands, whatever, they were sub-leasing, paying rent to put their product on the floor. So what I'm saying is if L'Oreal had a six-square-metre floor space or some other brand had another little skirt, they were paying rent to mine.
00:47:01
Speaker 5: Yeah.
00:47:02
Speaker 1: It's amazing, isn't it?
00:47:05
Speaker 10: I find it very unusual because they're collecting rent from these other little sub-listing spots on the floor. So, very strange. I find that very strange.
00:47:17
Speaker 1: Yeah, no, you're right, Tony. I think, and that was probably a business model that would have seemed impregnable even a decade ago. But things have just shifted so quickly that even those surefire money-making components of the DJ's business model aren't enough to fireproof it from online, which is what's happening out there now. Lots of texts coming through on this as well at the moment.
00:47:39
Speaker 5: We have a text from a listener who doesn't want us to mention their name. They've said, DJ in the city is safe. Westlake's gone. Unsure Marion.
00:47:46
Speaker 1: Oh, no, not the Westlake's one.
00:47:49
Speaker 5: Don't know how accurate that will be, but.
00:47:51
Speaker 1: Surely not.
00:47:52
Speaker 5: No offence to that listener.
00:47:53
Speaker 9: I hope you're wrong.
00:47:54
Speaker 5: Hopefully we can keep all of our profitable stores.
00:47:56
Speaker 1: Hopefully that's fake news. All right, let's check traffic. The Toyota Land Cruiser 300 Performance Hybrid has arrived at Jarvis Toyota, combining iconic strength with advanced hybrid power.
00:48:06
Speaker 4: Knock down, build two. With Metro Homes, sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
00:48:14
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
00:48:21
Speaker 1: 23 after 7, time to check in on the weather with the Bureau. Sarah Scully at the Bureau of Meteorology joins us. Morning to you, Sarah.
00:48:27
Speaker 13: Good morning, Will.
00:48:29
Speaker 1: What have we got in store for this Thursday?
00:48:32
Speaker 13: Look, today it's going to be a fairly benign day. Average conditions, we're forecasting a maximum of 21 degrees. The average for this time of year is 21.1. A bit of cloud streaming in from the south, but there will be some sunny breaks that develop later this morning. And then heading into tomorrow, however, we do have a cold front that starts to approach, so there is a bit of a risk of a shower developing tomorrow. Not until the evening, most during the day it's going to be dry and then some cloud increasing during the late afternoon with a possible drop of rain. Nothing much in the gauges though, generally less than a millimetre.
00:49:08
Speaker 1: All right, good stuff. Thank you for that, Sarah. Sarah Scully at the Bureau of Meteorology.
00:49:12
Speaker 9: And they could never tear us apart.
00:49:17
Speaker 1: David Kosh on 5AA Breakfast. Port Adelaide Football Club Chairman, Compare the Market Economic Director, David Kosh. Koshi, good morning to you.
00:49:29
Speaker 15: Good morning, Tim.
00:49:31
Speaker 1: Michelle Bullock, in delivering the rate increase the other day, said... It's going to make people feel like it's a recession because they're going to feel poorer. Their spending can't grow very quickly because their incomes aren't growing very quickly. I can't imagine anything feeling more like the start of recession than us leading our 7 o'clock hour this morning with the story that David Jones might be entering administration. Koshi, that's the backdrop that you're joining us at the moment. The R word. Was the soft landing a fool's errand in the end? Is this a 1990-esque recession we need to have right now to curb inflation?
00:50:13
Speaker 15: Yeah, Merry Christmas. You know, we've got a Christmas pageant coming up.
00:50:21
Speaker 1: We don't know if we're going to have a magic cave, Koshi. Oh, my God.
00:50:25
Speaker 15: Yes. And look, buried in the interest rate announcement the other day was the Reserve Bank forecast for the next six months, next year or so. And they only redid the forecast in August. And I've had to redo them again. So, and that said to me, God, Treasury and the Reserve Bank don't know what's going on. You know, the brightest boffins in the country have to update their forecast. An old economist, mate, once said to me, Koshi, if you're going to forecast, do it regularly so you can keep changing your mind. Or so far into the future, when people get there, they've forgotten what you'd said. Well, you know, these are the best to make. Inflation is going to stay higher for longer. Interest rates are going to have to stay higher for longer. We're already in a per capita recession. The only thing keeping us out of a technical recession is more people coming to live here, population growth. But the squeeze is really on. And it's something we've talked about for months here together, saying... that when Australian households go into the bunker and stop spending and they're doing the right thing, it is, you've got to be careful that it's not a tipping point into recession and a spark, a big increase in unemployment. Because unemployment is the last of the key economic indicators to turn around when there is a downswing. But when it turns around, it turns around quick. So that's sort of my big fear. Everyone's talking about inflation. Yes, it's feeling like a recession. Basically, without population growth, it is a recession. But the next leg to drop, I fear, is higher unemployment. And look, Canva, one of our best tech companies in Australia, one of the best tech companies in the world, laying off jobs. 20% of its workforce yesterday. And those are the things that Michelle Bullock is warning us about at the moment. And the root cause is still demand, inflation demand in the economy, I think, by government spending. But silver lining, always got to have a silver lining. The tooth fairy coming in terms of the economy could be that fall in oil prices overnight. Oil prices down 9% on the back of the Democrats election and the sweeping election. Now, if oil comes down 25%, so it trends back to $ 70 US, that could be Santa coming early.
00:53:16
Speaker 1: I reckon.
00:53:17
Speaker 5: Oh, okay.
00:53:18
Speaker 15: Yeah, keep a watch out. Now, it could just be market overreaction that often comes in the day or two after a a big seismic shift in politics or an economy, but oil prices coming down, let's hope they keep coming down rather than just a one-day wonder.
00:53:42
Speaker 5: I'm really intrigued by.
00:53:45
Speaker 7: the result in America, you know, largely being, well, the rhetoric we're hearing anyway, Koshi, a rebuke on the AI data centres. And if we push ahead with that in Australia, we know it'll fuel inflation because the cost to build these things and putting more money in the economy. You just mentioned all those job losses at Canva. AI has been blamed for that. So I wonder how many more jobs will go as a result of having, you know, better AI technologies in Australia from the data centres and And so I wonder if it is going to become an election issue here in this country as well as it was in America.
00:54:21
Speaker 15: I think it will, but I'm in Toowoomba at the moment. They've got speaking in retirement seminars, but there is big backlash from Australia's biggest... data center planned for outside of Toowoomba. And there's a big community protest group tonight. So yes, we are starting to look at it, but it's a matter of balance. Yes, we need data centers because yes, we need AI because the nation will be more productive. We've got a productivity issue in Australia at the moment. Technology could help solve that. But it's just a matter of balance. It's a matter of balance and thinking it through and planning it. You know, will they provide their own water and energy rather than put a strain on the system and add to costs for us going forward? Those sorts of things. Yes, we can have the best of both worlds, but... We've got to think about it and schedule. And we've been pretty poor at that.
00:55:27
Speaker 5: Yeah, and we can learn a lot from America. They've gone first. We can learn something.
00:55:30
Speaker 1: Well, absolutely. Koshy, that was great. Thank you. David Kosh, Port Adelaide Football Club chairman, Compare the Market economic director. Elon Musk said yesterday after the elections, well, maybe data centres in space now looks like a good idea. I wonder if there might be a push from some companies to start building them in Australia where governments have been very open-minded, if there are more now– avenues closed to do that in the United States. Does Australia become even more likely to get data sensors? I don't know. But that's one thing that my mind went to watching the coverage yesterday of the US midterms. Now, just before we go to the news, some breaking news. BC Partners, which had come to the rescue of Live Golf with a $ 300 million lifeline to fund the league for the 2027 season. They were saying, we're going to wait to see how many players we get on board. If we get enough, we'll fund it.
00:56:15
Speaker 5: They were coming in as the replacing the Saudi backing.
00:56:18
Speaker 1: That's right.
00:56:19
Speaker 5: But not with as much money.
00:56:20
Speaker 1: They were, being the operative word. They've decided now not to fund Live Golf 2.0. The Financial Times has just broken this story. Will not fund the league due to lack of players interested in the next version of the league. This sounds like this now is officially the end of Live Golf.
00:56:38
Speaker 5: The nail in the coffin for next year.
00:56:40
Speaker 1: It seems this way. The league, according to the Financial Times reporting, will now likely seek a liquidation of its assets. the end of Live Golf, it sounds like, as just being broken by Financial Times.
00:56:55
Speaker 4: Knock down, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
00:57:03
Speaker 6: Will Goodies with Stacey Lee. This is my double A breakfast.
00:57:07
Speaker 1: 18 to 8, jump on the Facebook and YouTube live stream. Cherish every morning with your daily Dilmar tea. Enjoy the New English breakfast or paradise breakfast. Dilmar, making the world a better tea.
00:57:17
Speaker 15: I was, um, I'm bugging you.
00:57:21
Speaker 10: This is Democracy Manifest.
00:57:26
Speaker 5: You're eating the dogs.
00:57:27
Speaker 8: I tell you what, any boss who sacks anyone for not turning up to die.
00:57:31
Speaker 9: Is a bum.
00:57:33
Speaker 13: Matt.
00:57:36
Speaker 1: Enjoy your outdoor area all year round with an opening and closing roof designed, manufactured and installed locally by Luva House. Matt Abraham, good morning to you. Good morning, Will. Good morning, Stace. We just had the breaking news before the break that BC Partners, who had offered a $ 300 million financial lifeline to Live Golf, contingent on enough players wanting to continue participating, have said, we didn't get enough players and so we're pulling the pin on that. Live Golf will start to liquidate assets according to the Financial Times. We got this text, Matt, and I think it's an interesting place to start. No live gulf, botched hydrogen, green energy plan, no fixing of ramping. Bikeys have infiltrated the Torrens to Darlington.
00:58:10
Speaker 2: Apart from that, the Brim has had a good week. Although the hydrogen plan predates that. But it is really interesting, isn't it? If we sort of have a look at what's happened in the US, and you remember, you know, I think I mentioned this a couple of weeks ago, that Peter Malinowskis– One of his strategies that was very effective was that Steve Marshall had wrong priorities. Remember that? The basketball stadium and all that. And yet here we see a lot of these things he's been chasing have sort of evaporated in a fairly expensive cloud. Yes, green hydrogen, that was like hundreds of millions of dollars. But live golf, what are we going to be left with? $ 40 million golf course with one Australian Open played at it and no live golf there. you know, no party hole, none of that sort of hoopla that goes with that. And he invested a fair bit of his political capital in that. You go back to a couple of days ago, Trump, his final press media appearance at the midterm elections where his image was that he's only interested in himself. He's become a toxic brand over.
00:59:26
Speaker 1: There for a lot of voters.
00:59:29
Speaker 2: He's showing people pipes and stuff from.
00:59:33
Speaker 1: The reflecting pool in Washington, D.C.
00:59:36
Speaker 2: And it's like, what are you doing? You're meant to be really smart at this sort of stuff, and it's just so monumentally dumb. And we're seeing, I think the Labor Party would be very worried about brand Albo at the moment, because is Albanese becoming a toxic brand, just as Trump had?
00:59:57
Speaker 17: Is it?
00:59:57
Speaker 5: I think it's already done, isn't it?
00:59:59
Speaker 1: Yeah, I think we're there.
01:00:01
Speaker 2: I was being kind to him, which is unlikely. So there's a story I was reading in the Financial Review by Madeleine Bauer, and it's on Mins. You know, the New South Wales Premier is a smart guy and has deliberately put distance between himself and the federal government. Jim Chalmers made the point that they're trying to control spending in New South Wales, and maybe the federal government needs to do that. Big driver of inflation, we know that. This is for the other New South Wales Labor MPs, particularly those in regional seats. The key message will be differentiating the party in the state from the Albanese government, which they have privately described as a toxic brand. And this is one quote. Albanese comes up all the time. Too much, one Labor MP said. It's a real hatred, said another. It's a cost of living, housing. A lot of people are really angry about how much AUKUS is costing us when we really need schools. It's really hard. This MP said, I have to keep naming Chris Minns. In other words, oh, remember, we've got Chris Minns here. Don't worry about Albo, we've got Chris Minns here. And then you've got, I think, maybe for Albanese, the penny's starting to drop because you couldn't have the worst atmospherics at the time of inflation rates, inflation and interest rates going up. And there he is in the Bahamas with the King and Camilla and yet, He's got, I suppose, just maybe in the back of his head somewhere a little bell going off saying, don't wear the coloured shirts. So he's not wearing, you know, those funny shirts at those gatherings, so he's wearing a suit. He told a camera crew to stop filming him as he was walking towards Steps. I just, you know, I don't think– and this goes back to The Voice where he was the last person, I think, in Australia to– realised that the voice was going to go down. I don't think he ever realised it until it actually went down.
01:01:56
Speaker 1: He sat in the studio here with us on the tour. I think in the last week when the polling was pretty clear, our text line, good luck finding anyone who thought it was a good idea, and he was telling us off here, guys, this is going to happen. Everyone's telling me it's going to be all right.
01:02:11
Speaker 17: Really?
01:02:12
Speaker 1: And Pema and I look at each other thinking, this feels like we're living in an alternate universe. But I think that's true for now a lot of things that the Prime Minister holds true.
01:02:20
Speaker 13: Yeah.
01:02:20
Speaker 1: So.
01:02:21
Speaker 2: We are in a, you know, I think what we've seen in the US could play out here on a, maybe, you know, it would be on a lot more peaceful level. But there are people, I think a lot of voters are cranky, are deeply cranky. And we're talking about, you know, we're not in a recession. You know, we're bordering a recession. Well, we're technically avoiding a recession in terms of the overall economy. You don't have two quarters in a row of negative growth. But they're saying we are in a per capita recession for some times. And that is not taking in the whole economy where you've got iron ore mines making a mozza over in the West and all that stuff.
01:03:00
Speaker 1: That's just bringing in people. That's right. If you bring in enough people, they all add to the bottom line. But they're not adding to the individual wealth shared by all Australians.
01:03:08
Speaker 2: So a per capita recession is– Your personal recession, and most people looking at their personal recession know that they've been in a recession for longer than two quarters. It's like the old saying, if my neighbour loses their job, that's unfortunate. If I lose my job, it's a tragedy. You've both lost your jobs. So that's the climate Peter Malinowskis is operating in. And I've watched him deal with the protesters over Liverpool. Now, I don't know if he's ever met with them. Has he met with them? I don't know.
01:03:42
Speaker 5: I don't know.
01:03:44
Speaker 2: What's he got to lose meeting with them? I mean, I just don't get it. And then during the week, we saw quite a significant protest over an AI centre in the Adelaide Hills, Little Hampton, on prime 140 hectares is going to be taken up with an AI centre. It will suck in Jews. Suck in huge amounts of water as well to cool the chips in the computers, the servers. And he's saying, oh, look, we've got this under control.
01:04:20
Speaker 15: Look, it's fine.
01:04:21
Speaker 2: You don't need to worry. And I've said this before. What are you, Joe Bjelke-Peterson? Don't you worry about that. People have got legitimate concerns about AI centres, huge concerns in the US, huge concerns in Sydney where they're in suburban areas.
01:04:35
Speaker 1: Yeah, yeah. It feels like he came back from that visit to Silicon Valley, met Tim Cook and so forth, and was so gung-ho about data centres because he'd been told about this is important and if you want your state to have a stake in the future of how these things are powered, well, you want to get on board on the ground level. I think now his political antenna will have noticed what happened. I guarantee we will get a much more muted– Well, if he's... Unless his political antenna's broken.
01:05:01
Speaker 12: Well.
01:05:01
Speaker 1: Well... Because it's possible not to see what's happened.
01:05:04
Speaker 2: Maybe it's been a bit bent lately.
01:05:05
Speaker 1: I would think it has. It's not broken.
01:05:07
Speaker 2: You know, like when you go through the car wash and forgot to put the little plastic thing on your rear windscreen wiper.
01:05:14
Speaker 5: It would be, I think, a surprise if the Premier.
01:05:18
Speaker 7: doesn't slightly change the rhetoric around data centres, at least here in South Australia. Seeing what's happening in America, we know for a fact that the building of these things will fuel.
01:05:27
Speaker 5: Inflation and it will lead to job losses. People will lose their jobs as a result of AI. What do we not want to see? A recession. What do both of those things mean? A recession.
01:05:37
Speaker 1: Yeah.
01:05:38
Speaker 2: And he doesn't want to include it in the terms of reference of his $ 3 million AI Royal Commission. Well, I think Well, why wouldn't you have AI data centres in an AI royal commission?
01:05:51
Speaker 5: Because he's made his mind up on it.
01:05:52
Speaker 2: Well, how do you think you get– you can't have AI without thumping big data centres. Well, you just can't.
01:06:00
Speaker 1: Well, no, I think we will get AI no matter what. They're going to build them somewhere on planet Earth. Yeah, but if you're having a royal commission– No, I'm not saying– I'm disagreeing with that.
01:06:09
Speaker 12: Yeah.
01:06:10
Speaker 1: What they have failed to do is make the case about what the community dividend is of having a data centre. Because I'm open to this concept that he's flagged before that, hey, this is the kind of thing we always do in Australia where we say, oh, we're not having nuclear power. And then 30 years down the track, we say, you know what would have been good if we'd built a nuclear plant 20 years ago? Or we say, we import 91% of our fuel. You know what would have been good? Having a few refineries, but they were kind of unpopular for us. I get that, but no one's made the case as to, well, what is the benefit in 30 years? If we've got them here, what does that allow us to do? What does that empower the community? What do we get for the community?
01:06:44
Speaker 5: Does it give us better AI? It doesn't seem like it. We're using it at the moment without it.
01:06:47
Speaker 1: Does it give us cheaper access to it? Does it allow governments to have some control over pricing? Are we a bigger part of the– I don't know any answer to any of that. No one's made that case.
01:06:57
Speaker 2: In our all little individual recessions, where's the benefit from AI?
01:07:02
Speaker 1: Correct, yeah.
01:07:03
Speaker 21: Like what?
01:07:04
Speaker 2: Look, okay, if you build a.
01:07:06
Speaker 5: Tells me what to cook for dinner.
01:07:09
Speaker 2: That's right. I use it to make a great emoji I sent to Pirate Pete because he was going to bed last night down at eBay with a hot water bottle.
01:07:15
Speaker 1: I mean.
01:07:20
Speaker 2: Okay, well, that's great. Let's build a data centre. I know it does a lot of other things, but mainly it puts people out of work. That's it. Look, it kills... massive numbers of jobs and it creates very few jobs. But once you've built a data centre, I reckon to be a guy with a clipboard and a white, you know, a white dust coat wandering around making sure it's ticking over.
01:07:45
Speaker 1: The jobs aren't long term.
01:07:46
Speaker 7: The jobs are in the short term to build them and there's very few jobs ongoing.
01:07:50
Speaker 5: I've been told the Premier has met with the protesters.
01:07:52
Speaker 1: Excellent.
01:07:53
Speaker 2: There you go. I love the text you. LAUGHTER I just find, okay, so he's met with the protesters. Why not meet with the AI protesters? Maybe he will meet with that after listening to the show. Maybe he already has.
01:08:10
Speaker 1: I'd be stunned if there's not an about place on that one.
01:08:15
Speaker 2: Maybe you ought to meet with them and listen to them and maybe learn something.
01:08:19
Speaker 1: All right, we'll take a quick break. We'll rate the biggest louver on the other side of it. Let's check traffic. The Toyota Land Cruiser 300 Performance Hybrid has arrived at Jarvis Toyota, combining iconic strength with advanced hybrid power.
01:08:29
Speaker 4: Knock down, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
01:08:37
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
01:08:43
Speaker 1: Two minutes to wait. It's time to determine the week's biggest louver.
01:08:48
Speaker 9: Matt's.
01:08:52
Speaker 2: Minister Nick Champion, Housing Minister, sent me a text after he was the biggest mover last week.
01:08:58
Speaker 9: Oh, no.
01:08:59
Speaker 2: Saying thanks for the shower. this morning. I don't think anyone has given me nine out of ten for anything since I became a minister. There you go. So he was happy. He beat Donald Trump, who wasn't happy. Have a listen to this.
01:09:11
Speaker 14: Such excitement for a minute.
01:09:13
Speaker 1: Shut up.
01:09:14
Speaker 8: Shut up.
01:09:15
Speaker 1: Dope.
01:09:17
Speaker 9: Shut up.
01:09:19
Speaker 16: Loser.
01:09:21
Speaker 3: What a loser.
01:09:25
Speaker 5: Get him out of here.
01:09:26
Speaker 2: These guys are losers.
01:09:29
Speaker 5: It's in his own rally.
01:09:32
Speaker 2: He's upset he's not the biggest louver.
01:09:37
Speaker 1: I'm sorry, Don.
01:09:38
Speaker 2: He gets five out of ten.
01:09:43
Speaker 1: You might top another sproke.
01:09:44
Speaker 2: He's not going to get it this week because, well, I'm giving it away, but this is the... Slight kerfuffle going on over the T2D, the tunnel project, and Joe Sarkash, the minister, and this question and a huge defence from Tom Kutzentonis.
01:10:01
Speaker 1: Is it time now that the minister, Joe Sarkash, falls on his sword and resigns?
01:10:05
Speaker 14: Absolutely not.
01:10:06
Speaker 12: Joe's an exceptional minister with a bright future in this government.
01:10:09
Speaker 1: LAUGHTER Sorry.
01:10:10
Speaker 2: LAUGHTER I don't often laugh out loud at TV news, but I just cracked up when it came on.
01:10:23
Speaker 5: He's got a bright future.
01:10:24
Speaker 12: He can't.
01:10:24
Speaker 2: It doesn't matter what decisions he makes. His bright future may be behind him.
01:10:29
Speaker 9: I don't know.
01:10:29
Speaker 2: But anyway, yes, Tom Kutzentonis, the biggest loover this week with a very solid defence of 7.5 out of 10.
01:10:36
Speaker 18: Matt.
01:10:38
Speaker 5: So Nick Champion still wins with a 9.
01:10:41
Speaker 14: Yes.
01:10:41
Speaker 1: There you go.
01:10:42
Speaker 2: He's quite happy with it.
01:10:43
Speaker 5: Yeah, there you go.
01:10:44
Speaker 2: And I told him I gave him an extra point for his haircut.
01:10:48
Speaker 1: Taking no prisoners with the biggest louver. Good on you, Matt. Pleasure.
01:10:54
Speaker 4: Knockdown, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
01:11:02
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
01:11:12
Speaker 1: Ten minutes after eight, we have Robbie Williams tickets to give away very shortly. 8223-8855 will be the number to call. We'll tell you on what topic and we'll select randomly from someone who calls in to participate in our talkback very, very shortly for the Robbie Williams tickets this Saturday night. So not tomorrow night, the night after. If you've got nothing on, how nice would it be to surprise your loved ones or family members to say, hey, I won some Robbie Williams tickets. We can get along and go see the show. They're worth 500 bucks, these tickets. They're just fantastic. So stay listening. We'll give them away very, very shortly. Now, for Breaking at Eight this morning, well, I know you say you've always got Breaking at Eight prepared, but the breaking news came through about Live Golf and BC Partners withdrawing their funding offer, some $ 300 million to sustain Live Golf on the condition that enough of the big-name golfers continued. Well, in BC Partners' estimation, they didn't get enough of that commitment, so they've pulled the $ 300 million. And the Financial Times, who broke the story, are now saying that Live are going to enter a period of liquidation. They're going to start selling off their assets. We reached out to the Premier for a statement on this, and he said, you know what, I'll come on. The Premier, Peter Malinowskis, joins us now. Premier, good morning.
01:12:19
Speaker 17: Good morning, Will.
01:12:19
Speaker 1: Good morning, Stacey. It's obviously a massive blow, and clearly we're not going to get a Keonga Live Golf Tournament now, you'd think. Yeah, I think that's right.
01:12:29
Speaker 12: I haven't heard anything official from Live in the last 24 hours. Needless to say, I think we spoke about this on your program a few weeks ago, I've been making pretty clear promises to Live Golf themselves, the same message that BC Capital Partners have had, and that is, you know, whether or not South Australia is even willing to host an event is going to be contingent upon them having the playing stock that reflects what we've had in the past. Now, that clearly hasn't come to fruition, and BC Capital Partners have made their announcement this morning via the Financial Times, so I think that's stumps as far.
01:13:04
Speaker 1: As I can tell. From my perspective, though, you know.
01:13:08
Speaker 12: There's two reflections. One, you know, we had four years of this, and when you add it up, it's $ 314. 6 million economic benefit to the state of South Australia over those four years, which, you know, completely dwarfs the state government contribution. We've had 390,000 people come through the gate. So it's been good, and now we just have to pivot to the Australian Open, which we've obviously got a six-year deal with Golf Australia that we arranged last post seeing the news that Lever was.
01:13:38
Speaker 1: In a bit of trouble in any event. It weakens the case for the North Adelaide golf course upgrade though, doesn't it?
01:13:44
Speaker 17: No, I don't think so.
01:13:46
Speaker 12: Mainly because of the Australian Open and we've got a six-year deal. I mean, the Australian Open now is well and truly the biggest golf event in the country by a margin. And we've got it at North Adelaide kicking off with the Women's Australian Open in 2028 and then the men's tournament later that year, which is the timeline that was going to be the case live at North Adelaide at any event. So, you know, we obviously miss out on an event in 2027. That is absolutely true. But in terms of 2028 onwards, it doesn't really change anything, particularly in respect to North Adelaide.
01:14:19
Speaker 7: What if this happens with the MotoGP? What if we have it for our set contracted period and then they decide to, I don't know, go back to Phillip Island or somewhere else and we've knocked down a few hundred more trees in the parklands and we've got a racetrack that costs $ 100 million or so and.
01:14:37
Speaker 12: Well, they can't go back to Phillip Island because we've got a contract with.
01:14:41
Speaker 17: Them, Stacey.
01:14:42
Speaker 7: No, but after that contracted period, Premier, what if they decide Adelaide's not the place for this event?
01:14:48
Speaker 5: We'll go somewhere else.
01:14:49
Speaker 12: Well, I think that'll be a question for whoever's in charge of the state all those years down the track. We've got a pretty long deal with MotoGP. And we know, of course, that the owners of F1, Liberty Media, have now bought now own MotoGP themselves so you've got the same owner as F1 and MotoGP together and the contract takes us through to the middle of next decade so it's a it's a long-term agreement and we're committed to making it happening because it represents the exact same opportunity that Liv represented four years ago and on and on no so.
01:15:25
Speaker 7: You don't plan on being premier here in six years time when the contract ends 2032.
01:15:30
Speaker 12: That's the you and I both know Stacey that's not up to me that's up to the people of our state, as it should be. But what I'm saying is that, you know, if you go back four years and you look at Liv and there was a bit of controversy at the time and people thought, oh, this is a wise move, it's been an absolute boon for the state. No ifs or buts. In fact, the other benefit beyond the state of South Australia is the taxpayer of Australia because the income tax that has been paid on the prize money from Liv Golf by the golfers I can tell you, well and truly exceeds what the cost has been to the state in hosting it. So the federal taxpayer has been a winner. The state taxpayer has been a winner. The city has come alive as a result of it. And I don't think MotoGP will be much different.
01:16:21
Speaker 5: We're just going.
01:16:22
Speaker 21: To get on with it.
01:16:23
Speaker 5: Sue makes an interesting point.
01:16:24
Speaker 7: Now that Live Golf doesn't exist anymore, why can't we find out how much we can pay for it? There's no commercial in confidence. No other states are bidding for it. You always tout the hundreds of millions of dollars figure, how much money it's brought to our economy.
01:16:37
Speaker 5: Why can't we know how much we spent on it?
01:16:44
Speaker 1: Premier? I think the Premier's dropped out. I think we've just lost him. Yeah, we've just.
01:16:53
Speaker 1: I mean, hell of a question, Stace. Very good point.
01:16:59
Speaker 9: There you go.
01:16:59
Speaker 1: He's entirely dropped out. We might try to get him back. Maybe we'll take a quick break and we'll try and return to that because there was that and a couple of other issues we wanted to get to with the Premier for breaking date as we assess the fallout of Live Golf. Let's check traffic. The Toyota Land Cruiser 300 Performance Hybrid has arrived at Jarvis Toyota, combining iconic strength with advanced hybrid power. Going on the old-fashioned phone to get the Premier back on. Premier, I'm not sure if you heard the entirety of Stacey's question a moment ago, but it went to... No, I didn't. It went to commercial incompetence. We had a text in from Sue who said, Can we not now know the cost of Live Golf, given that it's an expired entity, no one else is bidding against it, and we can know the numbers once and for all?
01:17:39
Speaker 17: Well, the commercial confidence and our legal obligations remain the same. But what I'm happy to say to Sue is that the amount that Live Golfers, the players themselves, received in prize money and the income tax they paid on that, so the income tax they paid on the prize money well and truly exceeds the contribution from the South Australian government. Now, let alone the $ 314. 6 million economic benefit to the state. It is an absolute, it's been an absolute Laudan Mazaire winner. And the reason why that actually brings true is because we got in early. It's the fact that we got in at the ground floor. We're able to get a really good deal and it paid off. And I'm grateful for that. And a lot of people put a lot of effort into it, including literally hundreds of local suppliers. A lot of local suppliers helped make that happen.
01:18:35
Speaker 1: In the event that they do enter liquidation, as the Financial Times reports, is the South Australian taxpayer accredited? Do we have outstanding money that we will be pursuing?
01:18:44
Speaker 17: No, because they don't owe us anything and we don't owe them anything. So we pay for the event in the event that it happens, is basically my understanding. And we've been deliberately withholding some payments in light of the question marks that have existed around what happens in the future. Now, I'm happy to take advice on that. But I certainly know we have been holding back payments, trying to find out confirmation about what happens in the future. But I'm not aware. Again, I'm happy to double check, but I'm not aware that we're owed anything.
01:19:16
Speaker 1: Okay.
01:19:16
Speaker 15: Good.
01:19:16
Speaker 1: Just before we let you go, can we ask you about one of the relevant fallout elements from the midterms in the US yesterday for South Australia, especially in the context of this stoush at Tongkilo with regard to the data centre that's being potentially built up there? Your data centre strategy I was reading this morning, released on the 23rd of June this year, you wrote The Ford, and it was very enthusiastic about data centres. You said that investment is expected to reach $ 3 trillion over the next five years. Capturing this opportunity requires more than just observation, it requires action. You make the point data centres represent a significant economic opportunity which can bring high-quality jobs, stronger renewable energy infrastructure and new opportunities for regional communities. It's a very enthusiastic tone you strike in this document. Is your enthusiasm being dimmed at all by the blowback people who have embraced data centres politically in the US got in the midterms yesterday?
01:20:10
Speaker 15: Yeah, it's a good question.
01:20:11
Speaker 17: The short answer is no, because you read the forward, but if you actually read the entire document in terms of the strategy, you will see the conditions under which the state is willing to actually contemplate data centres being built here. And if those conditions aren't met, then they don't get built. Now, what are those conditions? Well, those conditions are about making sure that energy use, water use, being put in the right locations is actually top of mind. And as you're aware, we've got a piece of legislation that we're crafting that we hope we can put out publicly in the not-too-distant future. And that legislation... like I said, puts into law all of those strict conditions, and we need to get that legislation through the Parliament. And this is going to be really important for the Liberal Party, for One Nation and the Greens, because if we don't get this legislation right, then we run the risk that data centres get built without actually it being done on the terms that are in the interest of people, whether it be in any location across the state. In respect to the Tongue Killer protests, let me just say a couple of points. we haven't even received any applications in government for that data centre. So I don't know who's doing what up there or proposing what, but there are a range of community consultation centres, sessions, and then, you know, not appearing in them. It strikes me all as being a bit odd. The state government is actively engaged with a number of proponents of data centres, serious players, and they are going through to what regulatory processes we have at the moment. What we've No, definitively, is that those regulatory processes, in my view, are not sufficient, which is why they need to be beefed up, which is why we need to get the legislation through the parliament. What's the benefit for.
01:22:03
Speaker 7: Taxpayers, Premier, in having data centres built here? What do we get out of it?
01:22:08
Speaker 17: Okay, so there are a couple of things that are more important than, of course, if we get investment in regional South Australia that are to the tunes of hundreds of millions of dollars, it creates jobs. And it should be done in places... where it makes sense to do it, you know, not in places that are, excuse me, environmentally significant or in places where the community doesn't see it as an opportunity. Another thing it does, it creates a huge amount of demand for energy infrastructure that could actually have a positive impact on electricity supply in South Australia if it's done on our terms. And this is why we need to legislate and regulate.
01:22:47
Speaker 1: Pramir, I really appreciate your time this morning. Thanks for joining us.
01:22:50
Speaker 15: My absolute pleasure.
01:22:50
Speaker 10: Cheers.
01:22:51
Speaker 1: Lots of feedback coming through on data centres, on Live Golf and more. We'll get to all of that in just a moment.
01:22:57
Speaker 4: Knockdown, Bill 2, with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
01:23:05
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
01:23:11
Speaker 1: 26 minutes after 8. We have a Robbie Williams double pass to give away to the concert on Saturday night. Describe to the front page of Adelaide's advertiser the midterm result as the Blue Nami. This is the thing, if you saw it on Fox News and CNN yesterday in the American coverage, they kept referring to it as the Blue Nami, often the red wave or the blue wave, because it was bigger than that. The Blue Nami. It got us thinking, what Nami would you like to strike Adelaide? If you could summon any form of Nami, you know, it could be a.
01:23:44
Speaker 1: Hot weather NAMI, or it could be a public holiday NAMI. What NAMI would you summon? 8223 0055 for the tickets to see Robbie Williams on Saturday night.
01:23:54
Speaker 5: I'll tell you what we do have, a text NAMI.
01:23:57
Speaker 1: We have a text NAMI. Hit us with it.
01:23:58
Speaker 7: We have so many text messages coming in. Richard in Parkside, disappointing the Premier was unable to once again give a straight answer to a straight question about commercial incompetence. This one from David. The Premier's concerned about not damaging the environment when it comes to data centres, but now what about an extinct golf tournament? That's an interesting one.
01:24:18
Speaker 5: And this one from Mike. Good morning, guys.
01:24:20
Speaker 7: MotoGP and Liberty Media will do whatever they want. Hungary were two years into a 10-year contract and Liberty pulled the pin after this year's event.
01:24:29
Speaker 1: I wonder what happened in Hungary.
01:24:30
Speaker 5: That's what I was trying to say to the Premier.
01:24:32
Speaker 1: I suppose the point is, we could say that about every major event. They could all leave eventually at some point in time.
01:24:38
Speaker 7: Yeah, but the difference between some major events and others and the way Live Golf has operated over the last four years is it's taken place at an already existing course that taxpayers didn't have to pay for. We didn't pay $ 50 million to upgrade the North Adelaide Golf Course when it was held at Grange.
01:24:55
Speaker 1: At Grange, yeah.
01:24:56
Speaker 7: We are now paying $ 100 million for a MotoGP track in the parklands, ruining parks for a racetrack. That might not go ahead after, well, 2032 is when the contract ends. And if Liberty Media and MotoGP have torn up contracts, like the Hungary one, two years into a 10-year contract, taxpayer money for that as well.
01:25:20
Speaker 1: That's fair. We have a call NAMI coming through at the moment on our NAMI talk topic, which means we'll open up 8223 0000 as well, because 0055 is all full. If you're at the Robbie Williams tickets, a what NAMI would you like to hear? There is what text NAMI. Some of it is that they want to ban Mean Army, which is hard to say. We'll get to some of your entries next.
01:25:40
Speaker 9: 20 minutes to nine.
01:25:57
Speaker 1: We've got some Robbie Williams tickets to give away. We'll be doing that in the next few moments. Full board for people with NAMIs that they want. Tsunamis that they want. The Democrat Blue NAMI on the front page of the Advertiser this morning. We're asking you about a NAMI. We've never had that construction before. We have plenty of gates when there's issues.
01:26:14
Speaker 4: Watergate.
01:26:15
Speaker 1: Watergate. Times to Darlington Gate. We don't have Live Golf Gate. The Premier's just told us. He's confirmed something he said in our chat a moment ago in Breaking at Eight that The state, that is you, the taxpayer, have no outstanding money with Live Golf. They withheld payments for the 2027 tournament, obviously in anticipation of this kind of thing happening. The breaking news this morning, PC Partners have pulled that funding lifeline. So we're not in the hook. Now, people have bought tickets are, and I just wonder where you sit if you're a ticket holder in the list of creditors as Live Golf enters liquidation. I'm guessing you're probably far down the list. I don't know, but we might do some work on that over the course of the day. Now, Michelle Bullock said, it's going to feel like a recession. No, Live Golf's not Australian, but they've gone bust. And now so too has David Jones. Officially. Officially. Staff have been told in the last half an hour that administrators and receivers will be appointed for the first time in its 188 years of training. McGrath Nickel will be the administrators. According to the statement, FDI Consulting will be receivers and they'll run the business until it's restructured and put up for sale in Now, this is ominous. FTI are expected to make an update on store closures and job losses later this week. Of course, the final straw that broke the camel's back was their failure to come up with an agreement with landlord, the Ascender Group, on how they're going to pay their bills, which they hadn't paid for quite some time. So some breaking news there. David Jones, for the first time in 188 years, has been placed into receivership in the hands of the administrators. Very, very sad story.
01:27:51
Speaker 9: All right.
01:27:51
Speaker 5: Really sad.
01:27:52
Speaker 1: Let's pick things up. Let's give away some Robbie Williams tickets, shall we? $ 500 worth of Robbie Williams goodness.
01:27:56
Speaker 5: We need something to look forward to.
01:27:57
Speaker 1: Yes, you'll love your Saturday night. Sue, what NAMI do you want?
01:28:01
Speaker 4: I want a sporting tsunami, like a triathlon, you know, and bringing people of all ages into the city.
01:28:08
Speaker 1: A tri-NAMI?
01:28:09
Speaker 6: Yes.
01:28:10
Speaker 1: Excellent, Sue. Helen in Glenunga, what NAMI do you want?
01:28:14
Speaker 21: I just wanted a happy, happy NAMI for five minutes. For everyone to be happy.
01:28:20
Speaker 1: Yes. You know what, Helen? Let's go for even more than five minutes.
01:28:23
Speaker 9: Yeah.
01:28:24
Speaker 1: A happy NAMI.
01:28:25
Speaker 5: Can we have a happy 12 months?
01:28:26
Speaker 1: Is what the world needs right now. Andrew in St Mary's, good morning.
01:28:30
Speaker 19: Good morning.
01:28:31
Speaker 18: We need a coffee NAMI. No matter where you go in Adelaide or South Australia, you'll be able to buy a decent coffee.
01:28:37
Speaker 1: Coffee NAMI.
01:28:38
Speaker 5: Great call.
01:28:39
Speaker 1: That's now your turn. talking.
01:28:42
Speaker 12: 8223 0000.
01:28:42
Speaker 1: If you'd like to win the Robbie Williams ticket, what kind of NAMI do we need? Cathy in Fullerton. Good morning.
01:28:47
Speaker 13: Hello.
01:28:48
Speaker 1: How are you, Cathy?
01:28:50
Speaker 10: I'm really good.
01:28:50
Speaker 16: How are you guys?
01:28:51
Speaker 1: Yeah, we're good. Thank you.
01:28:52
Speaker 5: What NAMI do you want, Cathy?
01:28:54
Speaker 3: Well, what's the best part of the year?
01:28:55
Speaker 17: A summer. A summer tsunami.
01:28:58
Speaker 1: A summer nami.
01:28:59
Speaker 5: A summer nami.
01:29:00
Speaker 1: It feels like now we had that period of hot weather. It feels like now we're a bit overdue all of a sudden for 30-degree days. It's 5th of November. It'd be nice to get a little bit of a hot nami.
01:29:10
Speaker 7: Come on.
01:29:10
Speaker 5: It's November.
01:29:11
Speaker 1: Come on, weather. Sam in Theberden, what nami do we need?
01:29:14
Speaker 14: That'll go well with a summer nami because what we need, a tree nami to save all the trees.
01:29:21
Speaker 15: For the summertime.
01:29:22
Speaker 9: Oh, okay.
01:29:23
Speaker 1: A tree NAMI.
01:29:24
Speaker 5: A tree NAMI. I think that's just happened in the Parklands, hasn't it?
01:29:27
Speaker 1: Yeah, I think we've got.
01:29:28
Speaker 5: The opposite version.
01:29:29
Speaker 1: Yeah, we've got Tree Gate. We needed tree NAMI. Trevor in Nova Gardens, what NAMI do we need?
01:29:34
Speaker 18: We need to have a six or road week NAMI so I can drive somewhere without seeing bloody cones everywhere.
01:29:43
Speaker 9: Oh.
01:29:44
Speaker 19: And then roll it into a fix all the ramping NAMI.
01:29:49
Speaker 1: That'd be nice.
01:29:49
Speaker 20: Oh, yeah.
01:29:50
Speaker 1: We currently are experiencing traffic cone NAMI in Adelaide. We are. It does feel like. Darren in Salisbury, good morning.
01:29:57
Speaker 18: G'day, guys.
01:29:58
Speaker 20: Will and Stacey, I've got a colour-themed NAMI again, going back to the NAMI in the US. I'm going for a teal NAMI. As a die-hard Port supporter, I want the teal NAMI to smash into Adelaide, and I'm going to ride that wave right across to the MCG, looking for a grand final in 2027.
01:30:16
Speaker 5: I like it, Darren. Very optimistic.
01:30:21
Speaker 9: 2027.
01:30:21
Speaker 1: Building Port Adelaide, but next year feels a little too soon. I thought you might have actually been talking about the Teals politically for a second there, Darren.
01:30:27
Speaker 7: Oh, yeah.
01:30:28
Speaker 1: It wasn't a call I was expecting, but it wasn't one we got. Trevor, good morning.
01:30:32
Speaker 17: We need a chill the pill NAMI.
01:30:34
Speaker 1: Chill the pill NAMI.
01:30:35
Speaker 21: It would be nice and relaxed and calm and then just lead into summer and go.
01:30:39
Speaker 15: For a swim.
01:30:40
Speaker 17: Oh, lovely.
01:30:41
Speaker 1: Can we get like an old-fashioned Australian attitude to stuff NAMI? You know the laid back?
01:30:47
Speaker 5: She'll be right.
01:30:47
Speaker 1: She'll be right. There's not a lot of she'll be rights getting around in Australia anymore, is there?
01:30:51
Speaker 5: No, I don't think much is right.
01:30:53
Speaker 1: She's stuffed.
01:30:54
Speaker 16: Yeah.
01:30:55
Speaker 1: Jimmy in Salisbury, what NAMI do we need?
01:30:56
Speaker 3: Employment and workers NAMI.
01:31:00
Speaker 18: Everyone's become a bludger.
01:31:03
Speaker 1: We've got bludger NAMI. We need employment NAMI. Pretty close to full employment at the moment.
01:31:08
Speaker 9: Yeah, I was thinking that.
01:31:09
Speaker 1: Ian in Morph Vale, what do you think? What NAMI do we need?
01:31:13
Speaker 18: Money Nami.
01:31:14
Speaker 9: Money, yep.
01:31:15
Speaker 1: Money Nami.
01:31:16
Speaker 8: Yep.
01:31:16
Speaker 3: Even if it's just Centrelink.
01:31:19
Speaker 1: Yeah, even if it's just Centrelink. Hey, you know what?
01:31:22
Speaker 5: Oh, I thought Ian said even if it's just Centrelink. I thought, well, maybe that does follow on from Jimmy's worker Nami.
01:31:28
Speaker 1: Yeah, that's true. Barry, what Nami do we need?
01:31:33
Speaker 18: We need a Crow's Premiership Nami.
01:31:36
Speaker 1: Oh, we're well overdue for one of those.
01:31:37
Speaker 5: Crow Nami.
01:31:38
Speaker 9: Crikey.
01:31:38
Speaker 1: They're not. Late 90s crow Nami was pretty fun. That's now a long, long time ago. You notice how they start referencing the 90s as being, you know, 30 years ago.
01:31:48
Speaker 9: Ages ago?
01:31:49
Speaker 5: Scary.
01:31:50
Speaker 1: Yeah. Charlie, what Nami do we need?
01:31:53
Speaker 20: I reckon change gather around to footy Nami.
01:31:57
Speaker 1: Oh, that's a great idea. Footy Nami. Coming to South Australia, kicking off footy Nami on Thursday night. It's going to be the crows and the lions. I might steal that for the footy coverage, Charlie. Ben in Sky, what NAMI do we need?
01:32:13
Speaker 14: I think everybody needs to go to the pub and have a Parmi NAMI.
01:32:17
Speaker 5: Parmi NAMI.
01:32:20
Speaker 1: If there's a pub at Adelaide that doesn't use Parmi NAMI as a promotion for Thursday night two-fine schnitzels or something or other, they're mad. That needs to happen by the end of this week. There needs to be a billboard with Parmi NAMI written on it. Jeff in Black Forest, what NAMI do we need?
01:32:36
Speaker 10: Hello, ARMY.
01:32:38
Speaker 5: What was it?
01:32:39
Speaker 18: Hello.
01:32:40
Speaker 14: Hello.
01:32:40
Speaker 18: Yeah, so hello, army.
01:32:43
Speaker 1: Hello, army. All right, that sounds friendly. Thank you, Geoff. Cathy, what do you think?
01:32:48
Speaker 21: I reckon no interest, the NAMI.
01:32:51
Speaker 8: Oh, yeah?
01:32:51
Speaker 3: We don't want.
01:32:52
Speaker 21: Well, you know, they're just, like, choking.
01:32:54
Speaker 13: Us, aren't they?
01:32:55
Speaker 14: Yeah.
01:32:55
Speaker 1: How about a no-rate-rise NAMI?
01:32:57
Speaker 5: Yeah, that would be nice.
01:32:58
Speaker 1: Because we've had rate NAMI, and that's.
01:33:00
Speaker 5: We're in the middle of it now.
01:33:01
Speaker 1: That sucked.
01:33:02
Speaker 5: We're riding that way.
01:33:03
Speaker 1: Can we get rate-cut NAMI?
01:33:04
Speaker 10: Yeah.
01:33:04
Speaker 1: Although the problem is... You say lots of rate cuts. Don't get serious. Generally, that means sometimes bad things are other bad things happening. Yeah, okay. I won't get serious.
01:33:11
Speaker 5: Don't get serious.
01:33:11
Speaker 1: I won't get serious. Somebody says we need a marsupial nami.
01:33:16
Speaker 16: Okay.
01:33:16
Speaker 1: I don't know why, but it sounds pleasant. Sure.
01:33:20
Speaker 7: I like this one from Michael. I love the name Susan. My first daughter was named that, so I'd like to see a tsunami.
01:33:29
Speaker 1: Yeah, which is lovely. The story's great. But if you get around telling people you're hoping for a tsunami, they're going to think something very different. Who wins the Robbie Williams tickets?
01:33:38
Speaker 5: I think Helen with her happy nami.
01:33:40
Speaker 1: Yes. Don't we need it?
01:33:42
Speaker 5: Yeah, we need it.
01:33:43
Speaker 1: Some smiles. Don't we need it?
01:33:44
Speaker 5: Yeah.
01:33:45
Speaker 1: Let's all pray for a happy nami. Sue, you've got the Robbie Williams tickets. Back bringing his Britpop to it. Sorry.
01:33:52
Speaker 4: Helen.
01:33:52
Speaker 15: Helen.
01:33:53
Speaker 1: I'm still fixated on Michael's tsunami. He spoke it into existence. The Britpop Tour is coming to Adelaide Oval. Tickets are on sale from today. Head to FrontierTouring.com to get yours. All right, we're going to take a break. We'll check traffic first. The Toyota Land Cruiser 300 Performance Hybrid has arrived at Jarvis Toyota, combining iconic strength with advanced hybrid power.
01:34:11
Speaker 4: Knock down, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
01:34:19
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
01:34:26
Speaker 1: Right on eight minutes to nine.
01:34:28
Speaker 7: And yesterday there was a round table held in the city with a group of women in Adelaide.
01:34:34
Speaker 5: I was involved in it.
01:34:35
Speaker 7: It was chaired by the Minister for Women, Katrine Hilliard, and it was about the increasing rate of online violence against women. And the Minister joins you this morning. Good morning to you, Minister.
01:34:49
Speaker 21: Good morning, Stacey, and good morning, Will.
01:34:51
Speaker 7: I thought It was a really interesting discussion yesterday and so many women in the room had shared some experiences with themselves online and had come up with some, I guess, ideas that we thought, some practical solutions that could be implemented to try and fix it. But some of them are pretty big picture, you know, asking Meta to do ID checks before someone creates an account, et cetera.
01:35:18
Speaker 5: Do you think any of it is realistic?
01:35:19
Speaker 17: Yeah.
01:35:21
Speaker 21: Well, Stacey, thank you so much for being part of a really important conversation. I was so grateful to have some incredible women in the room, including yourself, other leaders in media, in politics, in sport. What we heard is that these experiences of online gendered abuse are growing and being normalised. And that those experiences do have a cost in terms of women's willingness to participate and step up. And I think one of the things that was really common, Stacey, was that everyone agreed that we need to speak up about this for ourselves, but also really importantly for those women and girls who are thinking about stepping into public spaces who don't have agency and power. it's really important that we also step up for them and tackle this issue. And you're right, there was a range of potential solutions that were put forward for us to consider, as you said, some really big picture solutions about tackling the platforms. A really strong theme was that we need much broader community conversations about why this is happening, who is driving this, and that the solution lies in having those conversations with everyone, with women, with men, with boys and girls, and that those conversations need to be about equality and safety for everyone because that is what we want for our society. Some of the other things that came up, Stacey, as you would know, was thinking about how we can make sure that there are dedicated, really safe and accessible pathways for reporting information How can we make sure that the consequences for those who spread this kind of abuse are the right ones, that they're strong and effective? And how can we make sure that we work together, again, women, men, boys and girls, to make sure that there is education and that there are really positive male role models in clubs, in community groups, in arts, in music, in schooling environments everywhere who can actually step in and show that really positive masculinity and lead the way in having boys and young men look to them rather than into that terrible space that can be there online. So some really great suggestions and I'm really grateful to everybody that was involved, including you, Stacey. Thank you so much.
01:38:13
Speaker 5: Minister, appreciate it. Thanks for your time.
01:38:15
Speaker 1: The Minister for Women, Katrine Hildyard, on what sounds like a very, very excellent event. A lot of some good text coming through at the moment as well. David Jones, there's a lot of sadness coming through from people who have worked at David Jones, been at David Jones. shocked that David Jones has ended administration after 188 years and a lot of anger at the federal government as well. Dylan says it survived two world wars and the Great Depression, but Albo's economy was the thing that broke the camel's back. Thank you for that, Dylan. And someone else here said we need a A blue NAMI in Australia. The blue NAMI in the US obviously represents the Democrats' party, but here he says we need a blue NAMI to get rid of the toxic Labor government. They're costing us normal people way too much. Interesting lesson, I think, for all political parties. Like John Howard having control of both chambers in the US, MAGA seemed this irrepressible movement, but your political moment is always fleeting. Reform in the UK have been overtaken by the conservatives who were dead a year ago. It's a lesson for one nation as well, not just the incumbent government. You get a moment. But no one in a democracy says, no one's loyal anymore in the sense I identify as that. Everyone's vote's transient. And if you don't deliver and you make people's lives worse or not better, people will move on and do something different. Powerful lesson. It took two years in the US to go from one of the most resounding election wins ever to the worst loss. There's a statistic I saw this morning. Democrats have flipped more Senate seats in states that the president won by 10 plus points than all opposition parties combined over the last 40 years.
01:39:50
Speaker 14: Right?
01:39:50
Speaker 1: So you can go from historically great to historically bad in really quick time. Yeah.
01:39:54
Speaker 5: In 2026.
01:39:54
Speaker 1: We have short attention spans. Short attention spans, and we're not loyal anymore.
01:39:58
Speaker 10: No.
01:39:58
Speaker 1: That's a lesson for everyone in politics at the moment. And we're seeing it come through in the text line in many ways about Albo, about the Libs, and about One Nation as well. The good news, as Koshi mentioned earlier, the– Brent crude price is off about 8.6% this morning, nearly 9% in reaction to that news out of the US on hopes that maybe this means peace in the Middle East is closer now because the American people have voted overwhelmingly that the Iran war was a disaster. So that's potentially great news for inflation and consumers in Australia as well. So let's have a look at that if that's bled through to the fuel price. Don't get stuck on the side of the road. Get RAA.com. road service never happens quickly but you know the Solart Marion South Road $ 2. 12. 5 is not bad the Mobile Torrensville Henley Beach Road $ 2. 17. 5 and the Solo Paraka Bridge Road $ 2.
01:40:47
Speaker 9: 52.
01:40:47
Speaker 1: 5 for diesel so on the way down with a sign maybe that there's more to come so we'll be hoping for that and otherwise we'll see you tomorrow morning from 6 I.
01:40:57
Speaker 8: Was trying to find my way along but all I heard was a drum bouncing off a satellite
01:41:06
Speaker 20: I think everybody needs to go to the pub and have a paninami.
Speaker 1: Come and join the team on 5AA.
00:00:02
Speaker 2: I just want to rock.
00:00:04
Speaker 3: You're making me feel so right.
00:00:09
Speaker 4: Knock down.
00:00:10
Speaker 5: Build two.
00:00:11
Speaker 4: With Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes. They do it all for you.
00:00:18
Speaker 6: Live from Hindmarsh Square, it's 5AA Breakfast. Will Goodings with Stacey Lee.
00:00:24
Speaker 1: After six, good morning to you. Welcome to Thursday on 5AA Breakfast. It is the 5th of November. Big program on the way today. We said it, I reckon, about three weeks ago. David Jones, big trouble. The tea leaves. It was putting in a Very concerning direction and perhaps as soon as today we will find out officially that David Jones, Australia's oldest and most recognisable retailer, will be placed into administration. Retail expert Gary Mortimer coming up on the program after seven o'clock. Koshi is going to join us today. Koshi had a bit of a time zone issue. It's a bit of a problem living in Australia. At any given moment you could be in a different time zone and he was and there was a miscalculation. Anyway, Koshi's coming up a little bit later today. We'll talk to him about the Reserve Bank, rates, recession, all the R words. Matt Abraham to dissect what has been a massive week in politics, including the US midterms yesterday. They're calling it the Blue Nami, the Democrats. There was a polling error in US politics. That won't surprise anyone, but the direction will. It was a polling error in the favour of the Democrats, who have won seats that most Democrats have never even been to. We'll be heading to Texas, a seat that has not provided a Democrat senator yet. Since the 80s, News Radio's Ethan Bratton from Houston will join us after 6.30 to talk about a monumental shift in that country. Stacey Lee, good morning to you.
00:01:45
Speaker 5: Good morning, Will. I'm very upset about David Jones.
00:01:49
Speaker 1: It's hard to imagine. It's really hard to get your head around. It's shocking.
00:01:54
Speaker 5: I don't know about you, but sorry, Mum. I grew up in shopping centres.
00:01:59
Speaker 1: I grew up.
00:02:00
Speaker 5: Going into David Jones, going and.
00:02:03
Speaker 7: Watching the fashion parades they used to do at the start of every season. When they had cafes in David Jones, we'd go and sit in the cafe after school if we were good and have a little afternoon tea snack.
00:02:15
Speaker 5: Yeah, and I don't know what it means for the three stores here, the City, Marion, West Lakes.
00:02:21
Speaker 7: A lot of it's due to unpaid rent to Westfield, so does that mean the City one would survive?
00:02:26
Speaker 1: Possibly, but it sounds like If they place the whole thing– I mean, there might be some futures for the stores independently, but the administrators, once you get to that point, everything is live. Every possible resolution is live.
00:02:40
Speaker 5: What does this mean for the future of retail?
00:02:42
Speaker 1: Well, this is– for me, this is not the canary in the coal mine. This is half the miners suddenly died. This is– if David Jones can go, nothing is immune. And if David Jones goes, what's the future of a shopping centre? They're always the biggest tenant.
00:02:57
Speaker 7: The anchor tenant, usually the first one to sign up. The reason a shopping centre can get built and developed and be viable.
00:03:03
Speaker 1: It feels like a monumental shift in the world of retail. We've been inching towards a non-face-to-face reality in that world and it feels like we've suddenly taken a big leap forward.
00:03:14
Speaker 7: But I just think that the products you get in David Jones are the products that A lot of people don't.
00:03:20
Speaker 5: Want to buy online clothes. I want to go in.
00:03:22
Speaker 7: I want to try them on, see what fits, find the size. And David Jones has lots of.
00:03:27
Speaker 5: Different brands, so you can go and try on quite a few things all at once.
00:03:31
Speaker 8: Yeah, that's the lure of the department store.
00:03:32
Speaker 1: All the brands were there. Why is that suddenly not working?
00:03:36
Speaker 9: Yeah.
00:03:37
Speaker 7: So do we go back to sort of high streets and that sort of thing, or does physical retail store just go?
00:03:47
Speaker 1: Maybe it's just about, you know, you imagine the pie, maybe 80% of the pie when it comes to buying anything now is sitting there on your phone and there will be small little premises where you can go and try things on. Where you can arrange to go and have to try it on, perhaps.
00:04:03
Speaker 5: Yeah, book in.
00:04:04
Speaker 1: That's what it feels like it's heading to. I can't imagine a scenario where we won't have big department stores, we're going to have a whole stack of little shops pop up.
00:04:11
Speaker 10: Yeah.
00:04:12
Speaker 1: It doesn't feel like anything's popping up to replace this.
00:04:14
Speaker 9: No.
00:04:14
Speaker 5: Well, then they have to sort out their sizing.
00:04:16
Speaker 11: Yeah.
00:04:17
Speaker 7: Because if you can't try clothes on, you have to just be one size. That's a good point.
00:04:21
Speaker 1: That is a really good point. We're going to talk lots about David Jones this morning. And you may have a view on it, folks. You may have worked there. You may have some memories. Crikey, every time I go to David Jones at West Lakes, there'll be half a dozen people working there. They'll either say, oh, I'm friends with your mum or your grandma used to come in all the time or will chat with me. It always feels like some sort of family reunion. So we will talk lots about David Jones this morning, a monumental moment in Australian retail history.
00:04:44
Speaker 9: Yeah.
00:04:45
Speaker 1: Speaking of Australian history, shall we talk a bit about Australian music?
00:04:48
Speaker 12: Once a jolly swagman camped by a billabong under the shade.
00:04:53
Speaker 1: They're calling it Australia's first living body of music. I don't know what that means. It's called the Inaugural National Songbook. It's a list selected by a ten-person panel established by the Australasian Performing Rights Association, the Australasian Mechanical Copyright Owners Society... And the National Film and Sound Archive of Australia. So they sat down to work out the first ten songs to be chosen for the Australian Songbook for their cultural impact.
00:05:21
Speaker 9: Oh, all right.
00:05:22
Speaker 5: We're starting the songbook.
00:05:24
Speaker 1: We've started the songbook. The first ten are in. Waltzing Matilda is in. This is Slim Dusty, but its credit is obviously Banjo Patterson. Friday On My Mind by the Easy Beats made.
00:05:36
Speaker 5: It two, which I think is a fantastic song.
00:05:40
Speaker 1: And then you get a whole bunch of songs that have really obvious political impact and make obvious political statements. Treaty by Yothu Yindi and.
00:05:51
Speaker 9: Midnight Oil.
00:05:52
Speaker 5: Selected as well.
00:06:08
Speaker 1: I don't know how people are going to feel about Midnight Oil being in there. I think this is more of a debate about omission than it is about inclusion. There's some orchestral music as well. There's some modern music. The presets are in there.
00:06:20
Speaker 5: Okay.
00:06:25
Speaker 1: It feels like a lot for this time of the morning, but they're in there too, just to give you a bit of a sense. Now, what is not included, folks? I think I've read about just about everything. I'm Woman by Helen Reddy is in there. Mile and Home. Down City Streets, Earth Cry, The Boys by the Necks, Yothu Yindi with Trudy, and My People, the presets. Now, what's not in, what should be in? This is your task this morning. 8223 0000 or text us on 024808 1395. I will give you the exact criteria. that these bodies used to come up with the Australian songbook.
00:06:59
Speaker 9: All right.
00:07:00
Speaker 1: To be included, a song must have been written or co-written by an Australian APRA member. Oh, let's forget the member part, okay? Let's just say an Australian.
00:07:07
Speaker 5: Or Australian.
00:07:08
Speaker 1: Had a considerable impact on the nation's culture and been released at least 10 years before.
00:07:12
Speaker 9: Okay.
00:07:13
Speaker 1: So.
00:07:13
Speaker 5: So, before 2016.
00:07:15
Speaker 1: Something before 2016.
00:07:16
Speaker 9: All right, deal.
00:07:17
Speaker 5: Do you have one?
00:07:19
Speaker 1: Yeah, before seeing the list... There was one of two songs I thought, well, they'll obviously be on there. Because to me, and I would never even say I'm the world's biggest fan of this band. They are iconically Australian. And to me, when I hear either of these songs, nothing to me sounds more like Australia. And it's either Flame Trees or K-San by Cold Chisel. To me, that's just what Australia sounds like.
00:07:46
Speaker 5: Yeah, hold on.
00:07:48
Speaker 1: Somehow Cold Chisel doesn't feature in the list.
00:07:50
Speaker 9: How does he rock?
00:07:52
Speaker 1: I just, that's what, that's Australian. Just a remarkable piece of music. But I think notable because to me it just sounds like such an Australian piece of music. Okay, do you have one?
00:08:14
Speaker 5: Yes, I do. It's got to be the classic, Horses.
00:08:19
Speaker 1: Oh, Daryl. We just heard it. We played it a bit during our show yesterday, didn't we? Oh, that's a good one. Yep.
00:08:27
Speaker 13: Yep.
00:08:29
Speaker 5: I think it's there.
00:08:30
Speaker 1: No?
00:08:30
Speaker 9: Not sure?
00:08:31
Speaker 1: Oh, there it is.
00:08:32
Speaker 14: Yes.
00:08:32
Speaker 1: Sorry.
00:08:34
Speaker 7: It does feel like it's the wrong time of day to be playing it, but name me an Australian who doesn't know that song.
00:08:41
Speaker 1: Everyone knows the words. That should have been something that included in the criteria was you've got to be able to– 75% of Australians need to be able to sing along to it.
00:08:48
Speaker 9: Yep.
00:08:49
Speaker 1: That's not bad. I like that. That's on our list. We're doing our 5AA Breakfast Australian songbook.
00:08:54
Speaker 5: I have one more.
00:08:55
Speaker 1: Oh yeah?
00:08:56
Speaker 5: Can I have one more?
00:08:56
Speaker 1: Go on, have another go.
00:08:57
Speaker 5: And they're a bit more local as well. The Angels.
00:09:00
Speaker 7: Name me an Australian that doesn't know the correct and the incorrect lyrics.
00:09:10
Speaker 1: The unofficial chorus.
00:09:11
Speaker 5: Yeah, here we go.
00:09:16
Speaker 1: My favourite moment of not this last pro season, but the season before, was Brodie Smith choosing this as his goal celebration song, anticipating he wasn't going to play that season, I suspect, because it was his last year. He played and he kicked a goal, and Adelaide Oval all sang the unofficial verse, and it was... A truly magical moment.
00:09:34
Speaker 2: That's awesome.
00:09:34
Speaker 1: Thank you, Brodie Smith. 17 After 6, we're going to get to some of your suggestions for what should feature in the Australian Songbook right after this.
00:09:41
Speaker 4: Knockdown, Bill 2, with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
00:09:49
Speaker 6: Real Goodings with Stacey Lee. This is 5AA Breakfast.
00:09:54
Speaker 1: 21 After 6, compiling our own or adding to the Australian Songbook, which has its first 10 songs, the that have been added in. There's already some controversy on our list today, Stace.
00:10:03
Speaker 9: Yeah.
00:10:03
Speaker 1: Horses.
00:10:04
Speaker 9: Yeah.
00:10:05
Speaker 1: Written by two Americans.
00:10:06
Speaker 7: No.
00:10:07
Speaker 1: Not eligible.
00:10:08
Speaker 9: No.
00:10:11
Speaker 1: All right, let's go to Ross Trevor. Michael, good morning. What song should be in the Australian songbook?
00:10:18
Speaker 15: I'd like John Williams' True Blue.
00:10:21
Speaker 1: How is it not?
00:10:22
Speaker 11: Yeah.
00:10:24
Speaker 16: Is it me and you? Is it mum and dad? Is it a cockatoo?
00:10:35
Speaker 1: I think Steve Waugh singing True Blue might have been the moment this nation peaked. How's it not on the list? I don't know. Good one, Michael. Thank you. Let's go to Stephen O'Halloran Hill. Steve, what have you got?
00:10:47
Speaker 3: I was only 19 by Red Gum. Red Gum, have to be in.
00:10:49
Speaker 5: That's a non-negotiable.
00:10:51
Speaker 3: Dave in South Brighton, what should be in the Australian songbook?
00:10:55
Speaker 1: Well, if it's.
00:11:11
Speaker 17: Affects the culture.
00:11:12
Speaker 18: There's only one song that'll get blokes to drop their dacks after about nine o'clock at night, and that's Eagle Rock.
00:11:17
Speaker 1: Hey, that is the culture. If that's the culture, that's the culture.
00:11:22
Speaker 9: I love the.
00:11:23
Speaker 5: Idea that someone moves here. Tell us about Aussie culture.
00:11:28
Speaker 1: Yeah.
00:11:28
Speaker 5: Well, if you play this one song at a wedding, all the.
00:11:31
Speaker 7: Men in the room will pull their pants down and dance in a circle.
00:11:34
Speaker 14: Why?
00:11:35
Speaker 9: No one knows.
00:11:39
Speaker 18: Just the vibe.
00:11:39
Speaker 3: Yeah.
00:11:41
Speaker 1: You might not like the culture, but it is the culture. Thank you, Dave. Let's go to O'Sullivan Beach. Mike, what have you got for us in terms of the Australian songbook?
00:11:50
Speaker 10: Do you come from the land down under?
00:11:52
Speaker 1: Yeah.
00:11:53
Speaker 12: Oh.
00:11:53
Speaker 8: I come from the land down under.
00:11:56
Speaker 2: How is it not?
00:11:59
Speaker 1: Well, I think what's been clear is we've taken four calls and they've already put together a better Australian songbook than.
00:12:03
Speaker 5: Better than the soundtrack.
00:12:04
Speaker 1: Better than the official Australian songbook.
00:12:06
Speaker 5: Put together by whoever it was that put it together.
00:12:08
Speaker 1: Yeah, the whole... It was basically everyone who's ever been involved in music in Australia. And what do they say about, you know, how too many chefs spoil the broth?
00:12:16
Speaker 7: Yeah.
00:12:17
Speaker 1: Too many callers, though, make it great. Terry in Kapunda, good morning.
00:12:21
Speaker 19: Good morning. Listen, this bloke probably should have two in there, one being Kenneth Hill Sadler, but I still call Australia home probably tugs at the heartstrings a little bit.
00:12:33
Speaker 9: Yeah.
00:12:46
Speaker 1: Peter Allen is a worthy place in the 5AA Breakfast Australian songbook. Let's go to Beaumont. Yuri, you can't put the D's club song in.
00:12:54
Speaker 10: I know that.
00:12:55
Speaker 20: I still did the classic film clip of Bon Scott in the back of the truck.
00:13:00
Speaker 14: He's a long way to the top when you want to rock and roll, playing the bagpipe.
00:13:03
Speaker 17: Absolute classic Australian.
00:13:10
Speaker 2: Thank you, Yuri.
00:13:11
Speaker 1: Let's squeeze a couple more in before we go to sport. Frank in Birkenhead, what would you add to the Australian songbook?
00:13:17
Speaker 10: Good morning, Will and Stacey.
00:13:19
Speaker 18: Here's a good old Aussie song. I can't think of the songwriter.
00:13:23
Speaker 15: Old Man Emu.
00:13:24
Speaker 1: Oh, he's already had a mention.
00:13:26
Speaker 3: Oh, has he?
00:13:27
Speaker 15: Sorry.
00:13:28
Speaker 1: No, not the song, though. It's John Williamson. This is another version, but that's the one we have in our system.
00:13:32
Speaker 9: Thank you, Frank.
00:13:33
Speaker 1: We might take one more before we go to sport. Let's go to One Tree Hill. Brad, good morning.
00:13:48
Speaker 3: Yeah, good morning, Will and Stacey. I reckon this song should be a national anthem, an anthem of the Spider Seekers. You am, I am, we are Australians.
00:13:58
Speaker 1: We are one, but we are many. And from all the lands on earth we come. I wonder if they have a referendum like they did to determine the Australian anthem in 50 years' time, whether some of these sorts of songs legitimately will be part of the conversation.
00:14:23
Speaker 5: 100%.
00:14:24
Speaker 1: Because they'll be considered of historical significance. They won't be connected to the pop culture as such, which I think actually hurts them when you think about an anthem.
00:14:33
Speaker 5: Yeah, that's true.
00:14:35
Speaker 1: And if we were to do it, what we'd end up with is every chance it'd be something like The Seekers.
00:14:40
Speaker 5: Waltzing Matilda.
00:14:41
Speaker 1: Waltzing Matilda. Great suggestions, guys. Keep them coming in. 8223 0000. Text us on 04808 1395. It's a cool one today. 11.3 degrees outside. We're only heading for a top of 21. It'll be a cloudy kind of a day. It looks cloudy out there now. It's going to stay that way. The cloud. It dissipates a little bit tomorrow, top of 23, but we don't get really any warmth until early next week, 20 on Saturday, 24 Sunday, and then up to 29 on Monday. Let's talk sport. Tom Renz in the 5AA Breakfast Studio. Agostino Mitsubishi's demo clearance is on now. Savon Pajero, Sport ASX, Triton Outlander, Nailsworth and Mawson Lakes. Morning to you, Rennie.
00:15:16
Speaker 8: Morning, Will.
00:15:16
Speaker 1: Morning, Stace.
00:15:17
Speaker 8: I think Peter Allen's I Still Call Australia Home should be our anthem.
00:15:20
Speaker 1: I love that song.
00:15:21
Speaker 8: And I don't know if either of you have seen it, but there's a version... I was just talking to Patty about it and the girls in the newsroom. There's a version of the Flame Tree song, which I love. Cate Blanchett, it's an Australian movie, arthouse movie, 2005. It's called Little Fish, where she's a user struggling in her life and she goes into a school auditorium. She's at the lowest of the low and there's a choir singing that song, the Flame Trees, and it's just.
00:15:49
Speaker 1: A haunting experience.
00:15:50
Speaker 8: Beautiful scene where she's.
00:15:52
Speaker 1: Running across roads.
00:15:53
Speaker 8: Yeah, Little Fish. I might have to watch it. Yeah, so it's a great scene. So, yeah, I love that song and sort of fell in love with that song from there.
00:16:01
Speaker 1: Put it in the songbook, Renny.
00:16:02
Speaker 8: Yeah, put it in the songbook.
00:16:03
Speaker 9: Beautiful.
00:16:04
Speaker 8: I'll tell you what, that's sort of the positives that we're talking about. But if you're waking up this morning and you buy a copy of the advertiser, front page news, I think if you're Tom Papley or if you're Matthew Pavlich or Dean Cox, the CEO and the coach respectively, And you're seeing what's happened with Papley, you're just going, not again.
00:16:25
Speaker 5: What's wrong with the culture at that club?
00:16:27
Speaker 12: Yeah.
00:16:27
Speaker 5: And was it meth he was allegedly caught driving?
00:16:30
Speaker 8: Yeah, that's right.
00:16:30
Speaker 1: Unlicensed, on meth. Unlicensed. The kind of person we usually hear about at 6.40 in our police wrap. And we call them idiots.
00:16:36
Speaker 14: Yeah.
00:16:37
Speaker 7: We have this perception of sports people and cocaine being the expensive sort of drug, but meth?
00:16:44
Speaker 1: Yeah, that's right.
00:16:45
Speaker 8: And then- So there's a second test that's now undergoing analysis. They've got to do a secondary test, but that's going to take a few weeks to sort of sort through that.
00:16:54
Speaker 1: So two weeks from today, November the 19th, is the AFL draft. That wasn't too many years ago. I reckon if you had a 17-year-old boy and heard his name called by the Sydney Swans on draft night, you would have thought, well, that's fantastic. It's a professional organisation. It's going to be well looked after, and I'm just delighted for him. You wouldn't sleep that night now. If your child was going to the Sydney Swans, they've trashed that reputation.
00:17:18
Speaker 8: And it takes, as you know, Will and Stacey, it takes a lifetime to build a reputation, but it can be torn down in months.
00:17:25
Speaker 1: It's done now.
00:17:26
Speaker 10: Yeah.
00:17:27
Speaker 17: Yep.
00:17:27
Speaker 8: And unfortunately, it has. And you're right, Will. And look, I'm not saying the South Australians are involved, but we've had a rich history of giving Sydney amazing players from South Australia. And they've had this incredible revered culture from the outside. But yeah, you're right now, Pat Plea and the Pullman Five, and we're still waiting to see what the sanctions are there. But it's very much down in the dirt at the moment, isn't it?
00:17:53
Speaker 15: Yeah.
00:17:54
Speaker 1: They've done themselves a decade worth of damage probably in the last two months, three months.
00:17:58
Speaker 8: And it's an interesting point you make, Will, about that. You know, parents that probably never admit to it publicly because they want their son to be drafted wherever. But I think you make a really good point. I think there's probably a few going, is our boy 17-year-old going to be safe up there? You know, is he going to be okay?
00:18:17
Speaker 1: The first thing you'd be thinking about now, I reckon. Do you want him hanging around with these blokes? Yeah.
00:18:22
Speaker 8: And probably more broadly, people will be saying, how widespread is this?
00:18:27
Speaker 5: Yeah.
00:18:29
Speaker 8: Is it just a Sydney problem or is it an AFL problem?
00:18:33
Speaker 1: That's probably the right answer. It's hard to imagine it's just a Sydney problem.
00:18:36
Speaker 13: Yeah.
00:18:37
Speaker 7: And the AFL's drug testing regime doesn't help the perception either, how secretive and draconian it is.
00:18:43
Speaker 8: I think it needs a total overhaul, doesn't it?
00:18:45
Speaker 14: Yeah.
00:18:46
Speaker 1: Good stuff, Renny. Good on you.
00:18:47
Speaker 14: Thanks, guys.
00:18:50
Speaker 4: Knock down bill two with metro homes sell one and move on keep the other as an investment metro homes they do it all for you.
00:18:58
Speaker 6: Will goodings with stacy lee this is five double a breakfast.
00:19:02
Speaker 1: 27 uh police and weather coming up very shortly after seven o'clock we'll talk about the immediate future well in the immediate and Long term, if it has one, of David Jones, retail expert. Gary Mortimer is going to be on the program. If you've ever worked at David Jones, you've got one near you. You've got a view on what it will mean about Australian retail to see our biggest and most recognisable, and I would have thought strongest, retailer disappearing from department stores and high streets. Then we want to hear from you. 8223 0000 is the number. You can text us too on 04808 1395. It's hard to put in Australian context what just happened in the US midterms.
00:19:42
Speaker 15: Yeah.
00:19:44
Speaker 1: We spoke about in our preview that Democrats were hoping to flip the House of Representatives. In fact, that was most likely. The Senate, their upper house, like our Senate, the state's house, was going to be more difficult because the seats available to them at this election, the third of the Senate that was up, were southern seats. Places like Kansas that hadn't elected a Democrat senator for nearly 100 years, or places like Texas where it hadn't happened for some 40 years. Well, they needed four to flip the Senate, and right now it sits at seven. And listen to some of these names, Texas, Kansas, Iowa, North Carolina, South Carolina, no one saw coming, Ohio, Maine. They lead in Mississippi right now. None of this was considered possible.
00:20:26
Speaker 5: Look at that map on our live stream.
00:20:28
Speaker 1: We've got the map on the live stream at the moment.
00:20:29
Speaker 5: The blue wave.
00:20:31
Speaker 1: It is a repudiation of the first two years of this Trump term. It's a remarkable political statement by the American people. The recriminations have started in America right now. But I was, again, trying to think, this is like Labor winning Bragg. This is like the Liberals winning Playford.
00:20:48
Speaker 4: Yeah.
00:20:49
Speaker 1: These are things that should never happen. It makes no sense. The joke would historically be, you know, How many members of the Labor Party have even driven through Bragg? It's that level of seismic shock. And the biggest is Texas. Nine of the 10 most populous states in the United States now have a Democrat governor. This is uncharted territory right now. And Texas is such a big state. It's such a commercial and economic hub. The ramifications from this are going to be massive. Let's head there now because we have Ethan Bratton for NewsRadio 740. Katie RH on the line. Ethan, good morning to you, and thanks for joining us here on 5AA Breakfast in Adelaide.
00:21:30
Speaker 5: Hey, good morning.
00:21:31
Speaker 2: Thanks for having me.
00:21:32
Speaker 1: So you're in Houston. You sound like a fairly young fella, Ethan. I don't know, have you been alive to see a Democrat senator in Texas?
00:21:40
Speaker 11: You know, I actually haven't. This is my first one, so... Yeah, it's a new life experience for me.
00:21:47
Speaker 2: For sure.
00:21:48
Speaker 1: So can I, the polling's such a funny thing. Certainly when we talk about American elections, there's a skepticism around whether it captures the Trump vote. And whilst Tallarico, the Democrat Senate candidate in Texas, was favored, there was still some skepticism around it happening. Did you get a sense in the lead up, just in your social groups, on the street, that there could be this remarkable upset in the offing?
00:22:13
Speaker 11: I got a sense that there might be a little bit of a, not necessarily a blue wave, so to speak, that's kind of our terminology here, but I definitely kind of anticipated maybe two, maybe three statewide seats here in Texas on the high end going to the Democrats. Obviously, it being a midterm election, that's usually whenever the party in power takes a little bit of a hit. So I kind of assumed that would play in, but I think the massive sweep that the Democrats have had in the state of Texas is something that nobody, not even the polls predicted. As it stands right now, the Republican Party, who haven't lost a statewide election since 1994, we now only control the, or they now only control the Texas Senate, which is just one of two of our statewide legislative bodies. Everything else is solidly run by the Democrats now. I don't think anybody predicted that.
00:23:15
Speaker 7: And Ethan, one of the main, I guess, policies that we've seen over here in Australia was the change in stance on data centres, the AI data centres. This was a core part of Tallarico's campaign there in Texas, the Democrat.
00:23:31
Speaker 5: Did you see this as the biggest issue being there on the ground?
00:23:36
Speaker 11: I think it was one that got a lot of attention, but when it comes to what actually people went into the polls really thinking about, I don't think so. One of the biggest giveaways of that to me is some of the candidates that were speaking the most strongly against data centers were doing so with AI-generated graphics. So it kind of made me question their sincerity.
00:24:03
Speaker 5: But I think at the end of.
00:24:05
Speaker 11: The day, the biggest issue for voters in Texas was, if I had to just guess, I would probably say it was property taxes. It's something that Republican leaders have been promising for a long time to make major changes on. And They've tweaked around the edges of the issue, but there has never been a big dramatic moment when it comes to property taxes. Republican voters have wanted that for a long time, and it hasn't been delivered. And I think that's what ended up being the biggest difference maker in Texas. Now, nationally, I'd say it's probably different. I would say nationally, what led to the blue wave was probably The action that the president has taken in Iran that hasn't been very popular with his base or with anybody. But here in Texas specifically, if I had to pick one issue, I would say it was property taxes.
00:24:55
Speaker 1: Is is Tallarico a potential presidential candidate down the line, do you think? Or did he just get swept up in that in that blue wave?
00:25:03
Speaker 11: You know, if I had to say right now, I would say it was probably he just kind of got swept up in that blue wave. We saw even here in Texas, he had a lot of issues kind of motivating minority voters. That's going to make a big difference in a national presidential election. But Then again, you never really know. This was a kind of out of left field election. Anything could happen over the next two years. So he definitely might be. I wouldn't put him in 2028. I think he would probably want to serve out his entire first term before he tries for anything bigger. But, you know, anything could happen.
00:25:40
Speaker 12: Yeah.
00:25:40
Speaker 1: Well, we just learned yesterday. Indeed, anything can happen. Ethan, great to chat with you, mate. We really appreciate your time.
00:25:46
Speaker 13: Absolutely.
00:25:47
Speaker 11: Thank you all for having me.
00:25:47
Speaker 1: God bless. That's News Radio 740 KDRH's Ethan Bratton in Houston, Texas. I reckon there were some lessons out of yesterday for Australian politics and you touched on one of them. The polling everywhere was that data centres are not popular and the Republicans in large part backed by huge donations from Elon Musk, nearly half a billion dollars.
00:26:06
Speaker 7: It was the biggest spending election so far in America's history.
00:26:10
Speaker 1: That's right. And a lot of that was to data centres.
00:26:12
Speaker 9: From the billionaires.
00:26:13
Speaker 1: Democrats got a lot of mileage out of running on, well, not having them.
00:26:16
Speaker 9: Yeah.
00:26:17
Speaker 1: We got a Premier who's very keen on having data centres. I think that's an interesting one to watch. You don't win elections on X. You had the guy who owns X spending money and manipulating the conversation one direction and it didn't work.
00:26:30
Speaker 5: I don't think you win anything on X. Does anyone go on X for anything.
00:26:33
Speaker 7: Apart from weird news and AI videos?
00:26:38
Speaker 1: And if you come to power promising cost of living relief and you take active decisions, it that harm people's bottom line, you go to war in Iran and raise fuel prices, you raise tariffs, and that does nothing but increase the cost of consumer goods, people suddenly don't care about the ideology. They don't worry about where they sit historically. Republican registered voters came out en masse. J.D. Vance said this in a remarkable tweet a couple of hours ago. He said to one of his data guys, we've got so many Republicans coming out. And his data guy said, yeah, they are. They're voting for Democrats.
00:27:15
Speaker 9: Wow.
00:27:15
Speaker 1: Ideology goes out the window when cost of living is at the forefront of people's minds. All of a sudden, the online debates about culture and whatever, people say, how much does it cost me to fill up my car and fill up my pantry?
00:27:27
Speaker 5: What does this tell you for the federal Labor government?
00:27:30
Speaker 1: I think it says they're in a lot of strife.
00:27:32
Speaker 21: Yeah.
00:27:32
Speaker 1: A lot of strife.
00:27:33
Speaker 11: Yeah.
00:27:34
Speaker 1: Because some of those same headwinds are going to affect the incumbents here. It's 12 minutes to seven. Should we add another song to the Australian 5AA Breakfast Songbook? Yeah, let's do it.
00:27:43
Speaker 14: Go on.
00:27:44
Speaker 1: Let's go to Warren. Warren, it just says up north here. Where are you up north, Warren?
00:27:50
Speaker 21: I'm in the home of Golden North.
00:27:52
Speaker 14: Can you know where that is?
00:27:54
Speaker 5: Didn't it move? Did Golden North move?
00:27:56
Speaker 1: Yeah, it has. Where is it, Warren?
00:27:59
Speaker 2: Laura.
00:27:59
Speaker 1: Laura, that's right.
00:28:01
Speaker 16: Lovely Laura.
00:28:01
Speaker 18: It's an ice eight degrees at the moment.
00:28:03
Speaker 1: Beautiful. What's your songbook song, Warren?
00:28:06
Speaker 14: Ice House.
00:28:07
Speaker 18: Great Southern Land.
00:28:08
Speaker 5: Oh, good one.
00:28:09
Speaker 1: Oh, that's a great one.
00:28:15
Speaker 5: Great song, Warren.
00:28:17
Speaker 1: That's a fantastic song. Good on you, Warren. Thank you for that. How have we not heard You're the Voice yet? We've taken about 10 callers. Yeah, I know.
00:28:27
Speaker 5: I looked it up.
00:28:29
Speaker 1: Oh, because it's not written by an Australian.
00:28:31
Speaker 5: It's not written by an Australian.
00:28:32
Speaker 1: Good point.
00:28:33
Speaker 5: It's written by British. Chris Thompson?
00:28:36
Speaker 1: Yes, because John Farnham tells the story about being handed a tape, a cassette of different songs he might want to perform, and that was one of them, and it wasn't written by an Australian. Good point. Our listeners are just very wise to the criteria that's used for the Great Australian Songbook, clearly. Shall we talk about the weather today? Let's do that. Cloud, but no rain. 11.5 degrees outside of the city at the moment, heading for a top today of 21. It's going to be cloudy. That's the.
00:29:08
Speaker 1: That's the only thing that's going to be notable out today, I can tell you. There's not much rain. Light winds, partly cloudy. Seas around a metre. The swells below a metre. There's nothing of note beyond the fact it's going to be cloudy and you're getting a sunset at 7.49pm. So let's look for the rest of the week and the weekend ahead if you're planning to do things tomorrow. Maybe a drizzle of rain, but nothing notable. Zero to one millimetres. A top of 23 is what we're expecting for tomorrow. Then we move to Saturday. A top of 20 degrees overnight low of 11. Finally, we get a sunny day on Sunday, 24 the expected top. It warms up again on Monday, mostly sunny and 29. Tuesday drops back to 27. And then when the cloud returns and it's mild on Wednesday, 22. So no 30s in our immediate future, but no rain in our immediate future. It is a stable sort of a weather pattern over the course of the next seven days. All right, let's head to Saipol. Senior Constable Scott James joins us. Good morning to you, Scott.
00:30:04
Speaker 22: Morning, guys.
00:30:04
Speaker 1: A drink drive has been busted five times the legal limit.
00:30:09
Speaker 22: Yeah, that's right. So about 12.40 this morning, Northern District Patrols, they were called to Cheleston Road after reports that the horn of a white SUV had been sounding, I think it was for a couple of hours, after it had actually crashed into a parked car. So patrols attended that scene and found a white JQ SUV that collided with a parked car. The driver underwent a breath test, which returned a reading of 0.256, which is more than five times the legal blood alcohol limit. So that was a 27-year-old Mansfield Park woman. She was reported for drink driving, driving without due care, and issued a 12-month loss of licence. And also her car impounded and a day in court at the Elizabeth Magistrates Court at a later date.
00:30:45
Speaker 5: Okay.
00:30:46
Speaker 7: And this is one we don't hear of very often.
00:30:48
Speaker 5: A man's been arrested... marking graffiti at Morfitt Vale.
00:30:52
Speaker 22: Yeah, so police were called to Main South Road at Morfitt Vale just after 4.30 this morning after a witness exiting a 24-hour gym spotted two men spraying graffiti on signs. Patrols were quick to that area and searched for the suspects, allegedly catching one suspect red-handed with spray paint in their hand. So it was a 23-year-old Adelaide man. He was arrested and charged with marking graffiti and carrying an implement to mark graffiti. He was refused police bail and will appear in the magistrate's court at Christie's Beach later today.
00:31:20
Speaker 1: And Scott, we've got a burst water main causing some issues.
00:31:22
Speaker 22: Yeah, so that one's happening on Main Road at Blackwood, which happened earlier this morning, just causing some traffic delays, likely for some morning commuters. So Main Road is closed in both directions between Colton Road and Stirling Road. We've got traffic patrols out there with diversions in place and SA Water are attending the scene. I believe they are there now just to repair those burst water mains. So just please avoid the area if possible.
00:31:45
Speaker 1: All right, good stuff, Scott. Thank you. Cindy Constable, Scott James there from SAPOL. Let's check traffic. The Toyota Land Cruiser 300 Performance Hybrid has arrived at Jarvis Toyota, combining iconic strength with advanced hybrid power.
00:31:57
Speaker 4: Knock down, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
00:32:05
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
00:32:12
Speaker 1: Five Minutes to Never. Remember, you can watch along on the Facebook and YouTube live stream at any point. Chuck it up on your television screen. Have a real local, locally made breakfast TV program. It's simple these days.
00:32:23
Speaker 5: Yep, we have weather graphics.
00:32:25
Speaker 1: A lot of people that do precisely that just go to the YouTube app and jump on. Yeah, exactly right. Come for the graphics.
00:32:31
Speaker 5: You can see us. Kind of gesturing during the ad breaks, try and work out what we're saying to each other.
00:32:36
Speaker 9: Wildly, yeah.
00:32:36
Speaker 1: Our shorthand sign language is developing. Cherish every morning with your daily Dilmar tea. Enjoy the new English breakfast or paradise breakfast. Dilmar, making the world a better tea. I was just stunned at a story yesterday that came out regarding the renewal essay development at Play for the Live, where three four-bedroom homes were completed in 17 weeks.
00:32:58
Speaker 13: 17 weeks.
00:33:03
Speaker 1: I've got a lot of questions about how that's possible and what it means about the future of home construction. Michael Hickenbotham joins us, the Group Managing Director of Hickenbotham Homes, who built these homes. Michael, good morning to you. Thanks for your time.
00:33:14
Speaker 19: Good morning, Will.
00:33:15
Speaker 18: Good morning, Stacey.
00:33:16
Speaker 1: So how is it possible to build three houses this quickly?
00:33:22
Speaker 18: Well, we've been working on this for a long time. It's about innovation. And What we've been doing is applying world-leading production techniques that come out of Japan, mainly. And this is ways of manufacturing and it's ways of production that really allow things to be done in a much more efficient way. So we're mixing traditional building methods with prefabrication of modules in a way that allows... the production to be much faster and much better.
00:34:00
Speaker 1: Is it as sturdy as a normal home?
00:34:03
Speaker 18: It's better. This is a trifecta. We're in a racing carnival season, and I talk about the trifecta. It's not a holy grail. It's a trifecta. Faster construction, higher quality, better value.
00:34:17
Speaker 7: So is it still made of the same things as a normal home? Is it double brick? How does it get made up?
00:34:26
Speaker 18: That's a good question. So we are prefabricating the wall frames and roof frames. So instead of a pile of lumber delivered to site that would take a carpentry gang a week at least to cut and measure and then form into a frame, we are fabricating them in factories. So we're using technology that allows these frames to be machined in a way that massively improves the tolerance levels. And then they're assembled on site like a Meccano set. So what is wonderful about that is carpenters are in short supply. They can literally stand a frame in hours instead of in a week. So that saves a huge amount of time. We're also using another product called Hebel, produced by CSR, invented in Denmark in 1947. And the beautiful thing about this is These are sort of essentially blocks. Think of, instead of a block of chocolate, think of an aero bar with lots of bubbles in it. So it's still very heavy, but two men can lift it, and two very strong women, I might add. And it's thermally efficient, it's load-bearing, and it's acoustically efficient. So instead of three to five weeks to brick a home, we can literally clad a home in the superior product in a week. And that makes a massive difference.
00:35:48
Speaker 1: So is this going to become the normal way of building homes then?
00:35:53
Speaker 18: Well, it's going to become the normal way for us. So we are at about six months. We're closing on five months as an average for all of our homes. And we have a target of four months for all of our homes by the end of this financial year. And I think these techniques, these processes will spread because what's interesting is The Productivity Commission have been measuring how long it takes to build the average home in Australia. And by 2024, it's just under 12 months. So home production and home productivity is a disaster, really. But this shows that you can turn the clock back. You can do it in a better way.
00:36:36
Speaker 5: How does it compare on cost, Michael?
00:36:40
Speaker 18: Well, you know, it's interesting. If you're in a home that takes 12 months or another six months, sorry, you've signed a contract that takes 12 months to build. Think about this. You're paying rent while you're waiting for the home to be built. You're paying interest on a mortgage on a block of land. So that's one part of it. But the other part is this is actually going to end up being a lot less because we can use our production systems. We can use our volume to actually reduce the price. So to give you some context, Those three homes that we built in 17 weeks at Playford Alive on RSA's site, they are four-bedroom. One of them is two-car, so it's got a two-car garage, and they range between $ 695, 000 and $ 650, 000. Now, that's with RSA, and they take a view on the size of the land, et cetera, and the price. But it shows you what can be achieved.
00:37:42
Speaker 1: Yeah, it's an extraordinary leap forward. That's just fascinating, Michael. Thank you for joining us to explain the new way we're going to see, well, certainly Hickenbotham Homes built, but perhaps others to follow. Michael Hickenbotham, the Managing Director at the Hickenbotham Group.
00:37:59
Speaker 4: Knock down, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
00:38:07
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
00:38:13
Speaker 1: Nine after seven. Good morning to you for joining us for the first time on Overcast. Thursday morning, it is the 5th of November. Future is cloudy for David Jones. We're going to be talking with retail expert Gary Mortimer in just a moment. We'd love to hear from you. If you're a former David Jones worker that's listening, maybe you're a current worker, maybe it's just a shop for which you have a great deal of fondness, or maybe you've got a fear about why It's no longer potentially going to be part of the retail landscape in Australia. We'd love to hear from you this morning. 8223 0000 Texas on 024808 1395. The Weather Bureau before 7.30. So too, David Kosh is going to join us. We missed out on Koshi yesterday, but we'll get him on the program this morning. Then Matt Abraham after 7.30 as we dissect the spin of the week. The reporting now is... Pretty well sourced when it comes to the future of David Jones. There was a meeting last night and an expectation that the business will be placed into administration. In fact, the advertisers reporting McGrath Nickel will be the administrators, if you're wondering how far advanced this would be. Their major lender, Hilco, will appoint receivers from FTI Consulting. The final back-breaking moment was that they couldn't secure a new deal with landlords.
00:39:28
Speaker 5: They hadn't paid back.
00:39:30
Speaker 1: Rent. They hadn't been paying the rent. So what does this all mean about the future of David Jones, the future of department store shopping and maybe shopping centres themselves? Professor Gary Mortimer from the QUT Business School joins us. Professor Mortimer, good morning to you.
00:39:43
Speaker 14: Good morning.
00:39:44
Speaker 19: Great to chat.
00:39:45
Speaker 1: Well, let's start with David Jones in this first instance. What do you imagine is going to happen to their properties, to the brand, to David Jones as we know it from here?
00:39:55
Speaker 14: So I guess the important thing for listeners today is that if a decision is made to put that business into voluntary administration, an administrator will be appointed, but it is business as usual. Stores won't simply close. Stores will continue to trade tomorrow and throughout Christmas. staff will continue to get paid, customers will continue to get served and gift cards will continue.
00:40:17
Speaker 18: To get honoured.
00:40:18
Speaker 14: What will happen over the coming weeks if an administrator is appointed is that that administrator will step in, management step away from the negotiating table and it will start to look at how do we make this a more sustainable, profitable business. I think the commentary over the last several years now about department stores is that it will be a smaller fleet of stores a luxury store, which you can't do with 38 stores, but you could probably do with maybe 12 or 15 stores.
00:40:48
Speaker 7: Gosh, that's scary, Gary, because we find here in Adelaide, when there is not just a luxury department store, but when there's fewer stores around the country, we'll probably see either none or just the one.
00:41:02
Speaker 5: We've only got three David Jones stores here.
00:41:05
Speaker 17: Yeah.
00:41:05
Speaker 13: Yeah.
00:41:07
Speaker 14: Yeah, I mean, obviously, this is a strategy that's been used globally. And, you know, while, you know, obviously, store closures, job losses get headlines. You know, we look at SAC's Fifth Avenue earlier this year in July, in January, went into essentially voluntary administration. They call it bankruptcy, Chapter 11 in the US. From that, they were able to emerge from that period of, I guess, restructure and Less stores, so Saks going from about 33 stores down to 15 stores. I think that's probably what's on the cards for DJs. And I suspect Meyer will probably follow a similar suit. I mean, Meyer's also closed stores progressively over the last several years as well.
00:41:48
Speaker 1: Is this a story specific about the business decisions that David Jones has taken, Gary? Or are they just a victim of a broader change that's happening in retail?
00:41:57
Speaker 14: There's a couple of things that have had an impact on that business. And it's not an issue that's happened in the last six months as the new CEO has been appointed. It's been festering for some time. One of the biggest challenges with big anger tenants like David Jones, my big supermarkets, is that they're locked into very, very long-term leases, 20, 25-year leases. When you think about residential leases, you might be renting an apartment in North Adelaide. suddenly noisy neighbors move in, you don't like the suburb any longer, you can leave after 12 months. If you're a big business like David Jones, you're signing for 20 or 25 years. A lot can change in a suburb in two decades. New competitors can enter the marketplace. We've seen the growth of Tim and Sheen entering the marketplace. Online can grow substantially. Entire new shopping centers can emerge in two decades. But you're stuck with potentially still funding a store that's not making any profit. And you might have five or six or even seven years left of that lease to go. I think that's what's been happening in the background. Obviously, an executive leadership team negotiating with landlords and other stakeholders about how do we exit these leases, these loss-making leases, and make a smaller but more profitable business. And obviously, those negotiations have potentially collapsed and obviously decisions made about possibly moving into VA.
00:43:23
Speaker 7: So in the short term, you think not much will change because there's a lot of people here in Adelaide asking about the Magic Cave, which is our sort of big Christmas display. Lots of kids have grown up going to see Santa there and it's in David Jones in the city.
00:43:37
Speaker 5: We've got our Christmas pageant in a couple of weeks. So the Magic Cave, I think, was opening this weekend. Things like that.
00:43:43
Speaker 7: I know you might not have an answer necessarily directly for that, but short term, will things change?
00:43:50
Speaker 14: Short term, no, I don't think things will change. And certainly there's a lot of history and nostalgia connected to Adelaide and particularly the John Martins Christmas Parade. And that's changed since the collapse.
00:44:01
Speaker 15: Of John Martins.
00:44:01
Speaker 14: But there's another example of big department stores being eaten up or gobbled up by other department stores being taken over by David Jones. It will be Christmas as usual for David Jones. Like I said, stores will remain open and administrator will step in, management will step away and administrator will look at what stores are profitable. And how do we restructure a business? It could be, listen, we're going to move from a three-level David Jones store to a two-level David Jones store. Here in Queensland, where I'm based, we had a two-level department store. It's now a one-level department store. The top floor has gone to a Kmart business. So we may not see every store close, and I don't think that's going to be the case. I think we might see a smaller fleet of stores closing. or certainly smaller square meterage, so floors disappearing and being given over to a different retailer.
00:44:50
Speaker 1: But just before we let you go, Gary, does this pose a challenge at all to the business model of Westfields and big shopping malls around Australia?
00:44:59
Speaker 14: Yeah, I think it's interesting. I think shopping centres is something that hasn't been discussed broadly across mainstream media, but I think they're evolving and changing as well. We know that Aussie spent about nearly $ 90 billion online. It's Really, when you think about footwear, clothing, accessories, general merchandise, consumer electronics, generally 25% penetration of online shopping, which means you need fewer physical stores to facilitate online shopping. And we've seen sort of shopping centers over that time, we think about big ones like Marion, sort of slowly evolving into sort of health areas, gyms, services, health hubs. Here in Queensland, again, where I'm based, we've seen a mire floor disappear and becomes a car dealership. So I think the business model of shopping centres will also change as we see fewer physical retailers play a role.
00:45:48
Speaker 1: Yeah, fascinating. Great to chat, Gary. Thank you for that. Professor Gary Mortimer from the QUT Business School. If you've worked at DJ's, we'd love to hear from you. How are you feeling this morning? Your memories of this beloved department store in Australia? 8223 0000. We always lived in the suburbs, western suburbs, always had West Lakes nearby, so I went there. But if you were coming to the city, it was largely to come to the big David Jones in the city. That was the whole reason we would come into, when we would say go to Rundle Mall, it was shorthand for going to the DJs in the city.
00:46:19
Speaker 7: It's worth noting that David Jones has identified five loss-making stores and none of the South Australian stores are on that list.
00:46:27
Speaker 1: Which is good news. Tony in Seaton, good morning.
00:46:30
Speaker 15: Good morning.
00:46:30
Speaker 10: Look, I've had a very strange conversation with my wife last night. She worked there for 20 years. Now, all those products on the ground floor, all the top labels, top brands, whatever, they were sub-leasing, paying rent to put their product on the floor. So what I'm saying is if L'Oreal had a six-square-metre floor space or some other brand had another little skirt, they were paying rent to mine.
00:47:01
Speaker 5: Yeah.
00:47:02
Speaker 1: It's amazing, isn't it?
00:47:05
Speaker 10: I find it very unusual because they're collecting rent from these other little sub-listing spots on the floor. So, very strange. I find that very strange.
00:47:17
Speaker 1: Yeah, no, you're right, Tony. I think, and that was probably a business model that would have seemed impregnable even a decade ago. But things have just shifted so quickly that even those surefire money-making components of the DJ's business model aren't enough to fireproof it from online, which is what's happening out there now. Lots of texts coming through on this as well at the moment.
00:47:39
Speaker 5: We have a text from a listener who doesn't want us to mention their name. They've said, DJ in the city is safe. Westlake's gone. Unsure Marion.
00:47:46
Speaker 1: Oh, no, not the Westlake's one.
00:47:49
Speaker 5: Don't know how accurate that will be, but.
00:47:51
Speaker 1: Surely not.
00:47:52
Speaker 5: No offence to that listener.
00:47:53
Speaker 9: I hope you're wrong.
00:47:54
Speaker 5: Hopefully we can keep all of our profitable stores.
00:47:56
Speaker 1: Hopefully that's fake news. All right, let's check traffic. The Toyota Land Cruiser 300 Performance Hybrid has arrived at Jarvis Toyota, combining iconic strength with advanced hybrid power.
00:48:06
Speaker 4: Knock down, build two. With Metro Homes, sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
00:48:14
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
00:48:21
Speaker 1: 23 after 7, time to check in on the weather with the Bureau. Sarah Scully at the Bureau of Meteorology joins us. Morning to you, Sarah.
00:48:27
Speaker 13: Good morning, Will.
00:48:29
Speaker 1: What have we got in store for this Thursday?
00:48:32
Speaker 13: Look, today it's going to be a fairly benign day. Average conditions, we're forecasting a maximum of 21 degrees. The average for this time of year is 21.1. A bit of cloud streaming in from the south, but there will be some sunny breaks that develop later this morning. And then heading into tomorrow, however, we do have a cold front that starts to approach, so there is a bit of a risk of a shower developing tomorrow. Not until the evening, most during the day it's going to be dry and then some cloud increasing during the late afternoon with a possible drop of rain. Nothing much in the gauges though, generally less than a millimetre.
00:49:08
Speaker 1: All right, good stuff. Thank you for that, Sarah. Sarah Scully at the Bureau of Meteorology.
00:49:12
Speaker 9: And they could never tear us apart.
00:49:17
Speaker 1: David Kosh on 5AA Breakfast. Port Adelaide Football Club Chairman, Compare the Market Economic Director, David Kosh. Koshi, good morning to you.
00:49:29
Speaker 15: Good morning, Tim.
00:49:31
Speaker 1: Michelle Bullock, in delivering the rate increase the other day, said... It's going to make people feel like it's a recession because they're going to feel poorer. Their spending can't grow very quickly because their incomes aren't growing very quickly. I can't imagine anything feeling more like the start of recession than us leading our 7 o'clock hour this morning with the story that David Jones might be entering administration. Koshi, that's the backdrop that you're joining us at the moment. The R word. Was the soft landing a fool's errand in the end? Is this a 1990-esque recession we need to have right now to curb inflation?
00:50:13
Speaker 15: Yeah, Merry Christmas. You know, we've got a Christmas pageant coming up.
00:50:21
Speaker 1: We don't know if we're going to have a magic cave, Koshi. Oh, my God.
00:50:25
Speaker 15: Yes. And look, buried in the interest rate announcement the other day was the Reserve Bank forecast for the next six months, next year or so. And they only redid the forecast in August. And I've had to redo them again. So, and that said to me, God, Treasury and the Reserve Bank don't know what's going on. You know, the brightest boffins in the country have to update their forecast. An old economist, mate, once said to me, Koshi, if you're going to forecast, do it regularly so you can keep changing your mind. Or so far into the future, when people get there, they've forgotten what you'd said. Well, you know, these are the best to make. Inflation is going to stay higher for longer. Interest rates are going to have to stay higher for longer. We're already in a per capita recession. The only thing keeping us out of a technical recession is more people coming to live here, population growth. But the squeeze is really on. And it's something we've talked about for months here together, saying... that when Australian households go into the bunker and stop spending and they're doing the right thing, it is, you've got to be careful that it's not a tipping point into recession and a spark, a big increase in unemployment. Because unemployment is the last of the key economic indicators to turn around when there is a downswing. But when it turns around, it turns around quick. So that's sort of my big fear. Everyone's talking about inflation. Yes, it's feeling like a recession. Basically, without population growth, it is a recession. But the next leg to drop, I fear, is higher unemployment. And look, Canva, one of our best tech companies in Australia, one of the best tech companies in the world, laying off jobs. 20% of its workforce yesterday. And those are the things that Michelle Bullock is warning us about at the moment. And the root cause is still demand, inflation demand in the economy, I think, by government spending. But silver lining, always got to have a silver lining. The tooth fairy coming in terms of the economy could be that fall in oil prices overnight. Oil prices down 9% on the back of the Democrats election and the sweeping election. Now, if oil comes down 25%, so it trends back to $ 70 US, that could be Santa coming early.
00:53:16
Speaker 1: I reckon.
00:53:17
Speaker 5: Oh, okay.
00:53:18
Speaker 15: Yeah, keep a watch out. Now, it could just be market overreaction that often comes in the day or two after a a big seismic shift in politics or an economy, but oil prices coming down, let's hope they keep coming down rather than just a one-day wonder.
00:53:42
Speaker 5: I'm really intrigued by.
00:53:45
Speaker 7: the result in America, you know, largely being, well, the rhetoric we're hearing anyway, Koshi, a rebuke on the AI data centres. And if we push ahead with that in Australia, we know it'll fuel inflation because the cost to build these things and putting more money in the economy. You just mentioned all those job losses at Canva. AI has been blamed for that. So I wonder how many more jobs will go as a result of having, you know, better AI technologies in Australia from the data centres and And so I wonder if it is going to become an election issue here in this country as well as it was in America.
00:54:21
Speaker 15: I think it will, but I'm in Toowoomba at the moment. They've got speaking in retirement seminars, but there is big backlash from Australia's biggest... data center planned for outside of Toowoomba. And there's a big community protest group tonight. So yes, we are starting to look at it, but it's a matter of balance. Yes, we need data centers because yes, we need AI because the nation will be more productive. We've got a productivity issue in Australia at the moment. Technology could help solve that. But it's just a matter of balance. It's a matter of balance and thinking it through and planning it. You know, will they provide their own water and energy rather than put a strain on the system and add to costs for us going forward? Those sorts of things. Yes, we can have the best of both worlds, but... We've got to think about it and schedule. And we've been pretty poor at that.
00:55:27
Speaker 5: Yeah, and we can learn a lot from America. They've gone first. We can learn something.
00:55:30
Speaker 1: Well, absolutely. Koshy, that was great. Thank you. David Kosh, Port Adelaide Football Club chairman, Compare the Market economic director. Elon Musk said yesterday after the elections, well, maybe data centres in space now looks like a good idea. I wonder if there might be a push from some companies to start building them in Australia where governments have been very open-minded, if there are more now– avenues closed to do that in the United States. Does Australia become even more likely to get data sensors? I don't know. But that's one thing that my mind went to watching the coverage yesterday of the US midterms. Now, just before we go to the news, some breaking news. BC Partners, which had come to the rescue of Live Golf with a $ 300 million lifeline to fund the league for the 2027 season. They were saying, we're going to wait to see how many players we get on board. If we get enough, we'll fund it.
00:56:15
Speaker 5: They were coming in as the replacing the Saudi backing.
00:56:18
Speaker 1: That's right.
00:56:19
Speaker 5: But not with as much money.
00:56:20
Speaker 1: They were, being the operative word. They've decided now not to fund Live Golf 2.0. The Financial Times has just broken this story. Will not fund the league due to lack of players interested in the next version of the league. This sounds like this now is officially the end of Live Golf.
00:56:38
Speaker 5: The nail in the coffin for next year.
00:56:40
Speaker 1: It seems this way. The league, according to the Financial Times reporting, will now likely seek a liquidation of its assets. the end of Live Golf, it sounds like, as just being broken by Financial Times.
00:56:55
Speaker 4: Knock down, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
00:57:03
Speaker 6: Will Goodies with Stacey Lee. This is my double A breakfast.
00:57:07
Speaker 1: 18 to 8, jump on the Facebook and YouTube live stream. Cherish every morning with your daily Dilmar tea. Enjoy the New English breakfast or paradise breakfast. Dilmar, making the world a better tea.
00:57:17
Speaker 15: I was, um, I'm bugging you.
00:57:21
Speaker 10: This is Democracy Manifest.
00:57:26
Speaker 5: You're eating the dogs.
00:57:27
Speaker 8: I tell you what, any boss who sacks anyone for not turning up to die.
00:57:31
Speaker 9: Is a bum.
00:57:33
Speaker 13: Matt.
00:57:36
Speaker 1: Enjoy your outdoor area all year round with an opening and closing roof designed, manufactured and installed locally by Luva House. Matt Abraham, good morning to you. Good morning, Will. Good morning, Stace. We just had the breaking news before the break that BC Partners, who had offered a $ 300 million financial lifeline to Live Golf, contingent on enough players wanting to continue participating, have said, we didn't get enough players and so we're pulling the pin on that. Live Golf will start to liquidate assets according to the Financial Times. We got this text, Matt, and I think it's an interesting place to start. No live gulf, botched hydrogen, green energy plan, no fixing of ramping. Bikeys have infiltrated the Torrens to Darlington.
00:58:10
Speaker 2: Apart from that, the Brim has had a good week. Although the hydrogen plan predates that. But it is really interesting, isn't it? If we sort of have a look at what's happened in the US, and you remember, you know, I think I mentioned this a couple of weeks ago, that Peter Malinowskis– One of his strategies that was very effective was that Steve Marshall had wrong priorities. Remember that? The basketball stadium and all that. And yet here we see a lot of these things he's been chasing have sort of evaporated in a fairly expensive cloud. Yes, green hydrogen, that was like hundreds of millions of dollars. But live golf, what are we going to be left with? $ 40 million golf course with one Australian Open played at it and no live golf there. you know, no party hole, none of that sort of hoopla that goes with that. And he invested a fair bit of his political capital in that. You go back to a couple of days ago, Trump, his final press media appearance at the midterm elections where his image was that he's only interested in himself. He's become a toxic brand over.
00:59:26
Speaker 1: There for a lot of voters.
00:59:29
Speaker 2: He's showing people pipes and stuff from.
00:59:33
Speaker 1: The reflecting pool in Washington, D.C.
00:59:36
Speaker 2: And it's like, what are you doing? You're meant to be really smart at this sort of stuff, and it's just so monumentally dumb. And we're seeing, I think the Labor Party would be very worried about brand Albo at the moment, because is Albanese becoming a toxic brand, just as Trump had?
00:59:57
Speaker 17: Is it?
00:59:57
Speaker 5: I think it's already done, isn't it?
00:59:59
Speaker 1: Yeah, I think we're there.
01:00:01
Speaker 2: I was being kind to him, which is unlikely. So there's a story I was reading in the Financial Review by Madeleine Bauer, and it's on Mins. You know, the New South Wales Premier is a smart guy and has deliberately put distance between himself and the federal government. Jim Chalmers made the point that they're trying to control spending in New South Wales, and maybe the federal government needs to do that. Big driver of inflation, we know that. This is for the other New South Wales Labor MPs, particularly those in regional seats. The key message will be differentiating the party in the state from the Albanese government, which they have privately described as a toxic brand. And this is one quote. Albanese comes up all the time. Too much, one Labor MP said. It's a real hatred, said another. It's a cost of living, housing. A lot of people are really angry about how much AUKUS is costing us when we really need schools. It's really hard. This MP said, I have to keep naming Chris Minns. In other words, oh, remember, we've got Chris Minns here. Don't worry about Albo, we've got Chris Minns here. And then you've got, I think, maybe for Albanese, the penny's starting to drop because you couldn't have the worst atmospherics at the time of inflation rates, inflation and interest rates going up. And there he is in the Bahamas with the King and Camilla and yet, He's got, I suppose, just maybe in the back of his head somewhere a little bell going off saying, don't wear the coloured shirts. So he's not wearing, you know, those funny shirts at those gatherings, so he's wearing a suit. He told a camera crew to stop filming him as he was walking towards Steps. I just, you know, I don't think– and this goes back to The Voice where he was the last person, I think, in Australia to– realised that the voice was going to go down. I don't think he ever realised it until it actually went down.
01:01:56
Speaker 1: He sat in the studio here with us on the tour. I think in the last week when the polling was pretty clear, our text line, good luck finding anyone who thought it was a good idea, and he was telling us off here, guys, this is going to happen. Everyone's telling me it's going to be all right.
01:02:11
Speaker 17: Really?
01:02:12
Speaker 1: And Pema and I look at each other thinking, this feels like we're living in an alternate universe. But I think that's true for now a lot of things that the Prime Minister holds true.
01:02:20
Speaker 13: Yeah.
01:02:20
Speaker 1: So.
01:02:21
Speaker 2: We are in a, you know, I think what we've seen in the US could play out here on a, maybe, you know, it would be on a lot more peaceful level. But there are people, I think a lot of voters are cranky, are deeply cranky. And we're talking about, you know, we're not in a recession. You know, we're bordering a recession. Well, we're technically avoiding a recession in terms of the overall economy. You don't have two quarters in a row of negative growth. But they're saying we are in a per capita recession for some times. And that is not taking in the whole economy where you've got iron ore mines making a mozza over in the West and all that stuff.
01:03:00
Speaker 1: That's just bringing in people. That's right. If you bring in enough people, they all add to the bottom line. But they're not adding to the individual wealth shared by all Australians.
01:03:08
Speaker 2: So a per capita recession is– Your personal recession, and most people looking at their personal recession know that they've been in a recession for longer than two quarters. It's like the old saying, if my neighbour loses their job, that's unfortunate. If I lose my job, it's a tragedy. You've both lost your jobs. So that's the climate Peter Malinowskis is operating in. And I've watched him deal with the protesters over Liverpool. Now, I don't know if he's ever met with them. Has he met with them? I don't know.
01:03:42
Speaker 5: I don't know.
01:03:44
Speaker 2: What's he got to lose meeting with them? I mean, I just don't get it. And then during the week, we saw quite a significant protest over an AI centre in the Adelaide Hills, Little Hampton, on prime 140 hectares is going to be taken up with an AI centre. It will suck in Jews. Suck in huge amounts of water as well to cool the chips in the computers, the servers. And he's saying, oh, look, we've got this under control.
01:04:20
Speaker 15: Look, it's fine.
01:04:21
Speaker 2: You don't need to worry. And I've said this before. What are you, Joe Bjelke-Peterson? Don't you worry about that. People have got legitimate concerns about AI centres, huge concerns in the US, huge concerns in Sydney where they're in suburban areas.
01:04:35
Speaker 1: Yeah, yeah. It feels like he came back from that visit to Silicon Valley, met Tim Cook and so forth, and was so gung-ho about data centres because he'd been told about this is important and if you want your state to have a stake in the future of how these things are powered, well, you want to get on board on the ground level. I think now his political antenna will have noticed what happened. I guarantee we will get a much more muted– Well, if he's... Unless his political antenna's broken.
01:05:01
Speaker 12: Well.
01:05:01
Speaker 1: Well... Because it's possible not to see what's happened.
01:05:04
Speaker 2: Maybe it's been a bit bent lately.
01:05:05
Speaker 1: I would think it has. It's not broken.
01:05:07
Speaker 2: You know, like when you go through the car wash and forgot to put the little plastic thing on your rear windscreen wiper.
01:05:14
Speaker 5: It would be, I think, a surprise if the Premier.
01:05:18
Speaker 7: doesn't slightly change the rhetoric around data centres, at least here in South Australia. Seeing what's happening in America, we know for a fact that the building of these things will fuel.
01:05:27
Speaker 5: Inflation and it will lead to job losses. People will lose their jobs as a result of AI. What do we not want to see? A recession. What do both of those things mean? A recession.
01:05:37
Speaker 1: Yeah.
01:05:38
Speaker 2: And he doesn't want to include it in the terms of reference of his $ 3 million AI Royal Commission. Well, I think Well, why wouldn't you have AI data centres in an AI royal commission?
01:05:51
Speaker 5: Because he's made his mind up on it.
01:05:52
Speaker 2: Well, how do you think you get– you can't have AI without thumping big data centres. Well, you just can't.
01:06:00
Speaker 1: Well, no, I think we will get AI no matter what. They're going to build them somewhere on planet Earth. Yeah, but if you're having a royal commission– No, I'm not saying– I'm disagreeing with that.
01:06:09
Speaker 12: Yeah.
01:06:10
Speaker 1: What they have failed to do is make the case about what the community dividend is of having a data centre. Because I'm open to this concept that he's flagged before that, hey, this is the kind of thing we always do in Australia where we say, oh, we're not having nuclear power. And then 30 years down the track, we say, you know what would have been good if we'd built a nuclear plant 20 years ago? Or we say, we import 91% of our fuel. You know what would have been good? Having a few refineries, but they were kind of unpopular for us. I get that, but no one's made the case as to, well, what is the benefit in 30 years? If we've got them here, what does that allow us to do? What does that empower the community? What do we get for the community?
01:06:44
Speaker 5: Does it give us better AI? It doesn't seem like it. We're using it at the moment without it.
01:06:47
Speaker 1: Does it give us cheaper access to it? Does it allow governments to have some control over pricing? Are we a bigger part of the– I don't know any answer to any of that. No one's made that case.
01:06:57
Speaker 2: In our all little individual recessions, where's the benefit from AI?
01:07:02
Speaker 1: Correct, yeah.
01:07:03
Speaker 21: Like what?
01:07:04
Speaker 2: Look, okay, if you build a.
01:07:06
Speaker 5: Tells me what to cook for dinner.
01:07:09
Speaker 2: That's right. I use it to make a great emoji I sent to Pirate Pete because he was going to bed last night down at eBay with a hot water bottle.
01:07:15
Speaker 1: I mean.
01:07:20
Speaker 2: Okay, well, that's great. Let's build a data centre. I know it does a lot of other things, but mainly it puts people out of work. That's it. Look, it kills... massive numbers of jobs and it creates very few jobs. But once you've built a data centre, I reckon to be a guy with a clipboard and a white, you know, a white dust coat wandering around making sure it's ticking over.
01:07:45
Speaker 1: The jobs aren't long term.
01:07:46
Speaker 7: The jobs are in the short term to build them and there's very few jobs ongoing.
01:07:50
Speaker 5: I've been told the Premier has met with the protesters.
01:07:52
Speaker 1: Excellent.
01:07:53
Speaker 2: There you go. I love the text you. LAUGHTER I just find, okay, so he's met with the protesters. Why not meet with the AI protesters? Maybe he will meet with that after listening to the show. Maybe he already has.
01:08:10
Speaker 1: I'd be stunned if there's not an about place on that one.
01:08:15
Speaker 2: Maybe you ought to meet with them and listen to them and maybe learn something.
01:08:19
Speaker 1: All right, we'll take a quick break. We'll rate the biggest louver on the other side of it. Let's check traffic. The Toyota Land Cruiser 300 Performance Hybrid has arrived at Jarvis Toyota, combining iconic strength with advanced hybrid power.
01:08:29
Speaker 4: Knock down, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
01:08:37
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
01:08:43
Speaker 1: Two minutes to wait. It's time to determine the week's biggest louver.
01:08:48
Speaker 9: Matt's.
01:08:52
Speaker 2: Minister Nick Champion, Housing Minister, sent me a text after he was the biggest mover last week.
01:08:58
Speaker 9: Oh, no.
01:08:59
Speaker 2: Saying thanks for the shower. this morning. I don't think anyone has given me nine out of ten for anything since I became a minister. There you go. So he was happy. He beat Donald Trump, who wasn't happy. Have a listen to this.
01:09:11
Speaker 14: Such excitement for a minute.
01:09:13
Speaker 1: Shut up.
01:09:14
Speaker 8: Shut up.
01:09:15
Speaker 1: Dope.
01:09:17
Speaker 9: Shut up.
01:09:19
Speaker 16: Loser.
01:09:21
Speaker 3: What a loser.
01:09:25
Speaker 5: Get him out of here.
01:09:26
Speaker 2: These guys are losers.
01:09:29
Speaker 5: It's in his own rally.
01:09:32
Speaker 2: He's upset he's not the biggest louver.
01:09:37
Speaker 1: I'm sorry, Don.
01:09:38
Speaker 2: He gets five out of ten.
01:09:43
Speaker 1: You might top another sproke.
01:09:44
Speaker 2: He's not going to get it this week because, well, I'm giving it away, but this is the... Slight kerfuffle going on over the T2D, the tunnel project, and Joe Sarkash, the minister, and this question and a huge defence from Tom Kutzentonis.
01:10:01
Speaker 1: Is it time now that the minister, Joe Sarkash, falls on his sword and resigns?
01:10:05
Speaker 14: Absolutely not.
01:10:06
Speaker 12: Joe's an exceptional minister with a bright future in this government.
01:10:09
Speaker 1: LAUGHTER Sorry.
01:10:10
Speaker 2: LAUGHTER I don't often laugh out loud at TV news, but I just cracked up when it came on.
01:10:23
Speaker 5: He's got a bright future.
01:10:24
Speaker 12: He can't.
01:10:24
Speaker 2: It doesn't matter what decisions he makes. His bright future may be behind him.
01:10:29
Speaker 9: I don't know.
01:10:29
Speaker 2: But anyway, yes, Tom Kutzentonis, the biggest loover this week with a very solid defence of 7.5 out of 10.
01:10:36
Speaker 18: Matt.
01:10:38
Speaker 5: So Nick Champion still wins with a 9.
01:10:41
Speaker 14: Yes.
01:10:41
Speaker 1: There you go.
01:10:42
Speaker 2: He's quite happy with it.
01:10:43
Speaker 5: Yeah, there you go.
01:10:44
Speaker 2: And I told him I gave him an extra point for his haircut.
01:10:48
Speaker 1: Taking no prisoners with the biggest louver. Good on you, Matt. Pleasure.
01:10:54
Speaker 4: Knockdown, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
01:11:02
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
01:11:12
Speaker 1: Ten minutes after eight, we have Robbie Williams tickets to give away very shortly. 8223-8855 will be the number to call. We'll tell you on what topic and we'll select randomly from someone who calls in to participate in our talkback very, very shortly for the Robbie Williams tickets this Saturday night. So not tomorrow night, the night after. If you've got nothing on, how nice would it be to surprise your loved ones or family members to say, hey, I won some Robbie Williams tickets. We can get along and go see the show. They're worth 500 bucks, these tickets. They're just fantastic. So stay listening. We'll give them away very, very shortly. Now, for Breaking at Eight this morning, well, I know you say you've always got Breaking at Eight prepared, but the breaking news came through about Live Golf and BC Partners withdrawing their funding offer, some $ 300 million to sustain Live Golf on the condition that enough of the big-name golfers continued. Well, in BC Partners' estimation, they didn't get enough of that commitment, so they've pulled the $ 300 million. And the Financial Times, who broke the story, are now saying that Live are going to enter a period of liquidation. They're going to start selling off their assets. We reached out to the Premier for a statement on this, and he said, you know what, I'll come on. The Premier, Peter Malinowskis, joins us now. Premier, good morning.
01:12:19
Speaker 17: Good morning, Will.
01:12:19
Speaker 1: Good morning, Stacey. It's obviously a massive blow, and clearly we're not going to get a Keonga Live Golf Tournament now, you'd think. Yeah, I think that's right.
01:12:29
Speaker 12: I haven't heard anything official from Live in the last 24 hours. Needless to say, I think we spoke about this on your program a few weeks ago, I've been making pretty clear promises to Live Golf themselves, the same message that BC Capital Partners have had, and that is, you know, whether or not South Australia is even willing to host an event is going to be contingent upon them having the playing stock that reflects what we've had in the past. Now, that clearly hasn't come to fruition, and BC Capital Partners have made their announcement this morning via the Financial Times, so I think that's stumps as far.
01:13:04
Speaker 1: As I can tell. From my perspective, though, you know.
01:13:08
Speaker 12: There's two reflections. One, you know, we had four years of this, and when you add it up, it's $ 314. 6 million economic benefit to the state of South Australia over those four years, which, you know, completely dwarfs the state government contribution. We've had 390,000 people come through the gate. So it's been good, and now we just have to pivot to the Australian Open, which we've obviously got a six-year deal with Golf Australia that we arranged last post seeing the news that Lever was.
01:13:38
Speaker 1: In a bit of trouble in any event. It weakens the case for the North Adelaide golf course upgrade though, doesn't it?
01:13:44
Speaker 17: No, I don't think so.
01:13:46
Speaker 12: Mainly because of the Australian Open and we've got a six-year deal. I mean, the Australian Open now is well and truly the biggest golf event in the country by a margin. And we've got it at North Adelaide kicking off with the Women's Australian Open in 2028 and then the men's tournament later that year, which is the timeline that was going to be the case live at North Adelaide at any event. So, you know, we obviously miss out on an event in 2027. That is absolutely true. But in terms of 2028 onwards, it doesn't really change anything, particularly in respect to North Adelaide.
01:14:19
Speaker 7: What if this happens with the MotoGP? What if we have it for our set contracted period and then they decide to, I don't know, go back to Phillip Island or somewhere else and we've knocked down a few hundred more trees in the parklands and we've got a racetrack that costs $ 100 million or so and.
01:14:37
Speaker 12: Well, they can't go back to Phillip Island because we've got a contract with.
01:14:41
Speaker 17: Them, Stacey.
01:14:42
Speaker 7: No, but after that contracted period, Premier, what if they decide Adelaide's not the place for this event?
01:14:48
Speaker 5: We'll go somewhere else.
01:14:49
Speaker 12: Well, I think that'll be a question for whoever's in charge of the state all those years down the track. We've got a pretty long deal with MotoGP. And we know, of course, that the owners of F1, Liberty Media, have now bought now own MotoGP themselves so you've got the same owner as F1 and MotoGP together and the contract takes us through to the middle of next decade so it's a it's a long-term agreement and we're committed to making it happening because it represents the exact same opportunity that Liv represented four years ago and on and on no so.
01:15:25
Speaker 7: You don't plan on being premier here in six years time when the contract ends 2032.
01:15:30
Speaker 12: That's the you and I both know Stacey that's not up to me that's up to the people of our state, as it should be. But what I'm saying is that, you know, if you go back four years and you look at Liv and there was a bit of controversy at the time and people thought, oh, this is a wise move, it's been an absolute boon for the state. No ifs or buts. In fact, the other benefit beyond the state of South Australia is the taxpayer of Australia because the income tax that has been paid on the prize money from Liv Golf by the golfers I can tell you, well and truly exceeds what the cost has been to the state in hosting it. So the federal taxpayer has been a winner. The state taxpayer has been a winner. The city has come alive as a result of it. And I don't think MotoGP will be much different.
01:16:21
Speaker 5: We're just going.
01:16:22
Speaker 21: To get on with it.
01:16:23
Speaker 5: Sue makes an interesting point.
01:16:24
Speaker 7: Now that Live Golf doesn't exist anymore, why can't we find out how much we can pay for it? There's no commercial in confidence. No other states are bidding for it. You always tout the hundreds of millions of dollars figure, how much money it's brought to our economy.
01:16:37
Speaker 5: Why can't we know how much we spent on it?
01:16:44
Speaker 1: Premier? I think the Premier's dropped out. I think we've just lost him. Yeah, we've just.
01:16:53
Speaker 1: I mean, hell of a question, Stace. Very good point.
01:16:59
Speaker 9: There you go.
01:16:59
Speaker 1: He's entirely dropped out. We might try to get him back. Maybe we'll take a quick break and we'll try and return to that because there was that and a couple of other issues we wanted to get to with the Premier for breaking date as we assess the fallout of Live Golf. Let's check traffic. The Toyota Land Cruiser 300 Performance Hybrid has arrived at Jarvis Toyota, combining iconic strength with advanced hybrid power. Going on the old-fashioned phone to get the Premier back on. Premier, I'm not sure if you heard the entirety of Stacey's question a moment ago, but it went to... No, I didn't. It went to commercial incompetence. We had a text in from Sue who said, Can we not now know the cost of Live Golf, given that it's an expired entity, no one else is bidding against it, and we can know the numbers once and for all?
01:17:39
Speaker 17: Well, the commercial confidence and our legal obligations remain the same. But what I'm happy to say to Sue is that the amount that Live Golfers, the players themselves, received in prize money and the income tax they paid on that, so the income tax they paid on the prize money well and truly exceeds the contribution from the South Australian government. Now, let alone the $ 314. 6 million economic benefit to the state. It is an absolute, it's been an absolute Laudan Mazaire winner. And the reason why that actually brings true is because we got in early. It's the fact that we got in at the ground floor. We're able to get a really good deal and it paid off. And I'm grateful for that. And a lot of people put a lot of effort into it, including literally hundreds of local suppliers. A lot of local suppliers helped make that happen.
01:18:35
Speaker 1: In the event that they do enter liquidation, as the Financial Times reports, is the South Australian taxpayer accredited? Do we have outstanding money that we will be pursuing?
01:18:44
Speaker 17: No, because they don't owe us anything and we don't owe them anything. So we pay for the event in the event that it happens, is basically my understanding. And we've been deliberately withholding some payments in light of the question marks that have existed around what happens in the future. Now, I'm happy to take advice on that. But I certainly know we have been holding back payments, trying to find out confirmation about what happens in the future. But I'm not aware. Again, I'm happy to double check, but I'm not aware that we're owed anything.
01:19:16
Speaker 1: Okay.
01:19:16
Speaker 15: Good.
01:19:16
Speaker 1: Just before we let you go, can we ask you about one of the relevant fallout elements from the midterms in the US yesterday for South Australia, especially in the context of this stoush at Tongkilo with regard to the data centre that's being potentially built up there? Your data centre strategy I was reading this morning, released on the 23rd of June this year, you wrote The Ford, and it was very enthusiastic about data centres. You said that investment is expected to reach $ 3 trillion over the next five years. Capturing this opportunity requires more than just observation, it requires action. You make the point data centres represent a significant economic opportunity which can bring high-quality jobs, stronger renewable energy infrastructure and new opportunities for regional communities. It's a very enthusiastic tone you strike in this document. Is your enthusiasm being dimmed at all by the blowback people who have embraced data centres politically in the US got in the midterms yesterday?
01:20:10
Speaker 15: Yeah, it's a good question.
01:20:11
Speaker 17: The short answer is no, because you read the forward, but if you actually read the entire document in terms of the strategy, you will see the conditions under which the state is willing to actually contemplate data centres being built here. And if those conditions aren't met, then they don't get built. Now, what are those conditions? Well, those conditions are about making sure that energy use, water use, being put in the right locations is actually top of mind. And as you're aware, we've got a piece of legislation that we're crafting that we hope we can put out publicly in the not-too-distant future. And that legislation... like I said, puts into law all of those strict conditions, and we need to get that legislation through the Parliament. And this is going to be really important for the Liberal Party, for One Nation and the Greens, because if we don't get this legislation right, then we run the risk that data centres get built without actually it being done on the terms that are in the interest of people, whether it be in any location across the state. In respect to the Tongue Killer protests, let me just say a couple of points. we haven't even received any applications in government for that data centre. So I don't know who's doing what up there or proposing what, but there are a range of community consultation centres, sessions, and then, you know, not appearing in them. It strikes me all as being a bit odd. The state government is actively engaged with a number of proponents of data centres, serious players, and they are going through to what regulatory processes we have at the moment. What we've No, definitively, is that those regulatory processes, in my view, are not sufficient, which is why they need to be beefed up, which is why we need to get the legislation through the parliament. What's the benefit for.
01:22:03
Speaker 7: Taxpayers, Premier, in having data centres built here? What do we get out of it?
01:22:08
Speaker 17: Okay, so there are a couple of things that are more important than, of course, if we get investment in regional South Australia that are to the tunes of hundreds of millions of dollars, it creates jobs. And it should be done in places... where it makes sense to do it, you know, not in places that are, excuse me, environmentally significant or in places where the community doesn't see it as an opportunity. Another thing it does, it creates a huge amount of demand for energy infrastructure that could actually have a positive impact on electricity supply in South Australia if it's done on our terms. And this is why we need to legislate and regulate.
01:22:47
Speaker 1: Pramir, I really appreciate your time this morning. Thanks for joining us.
01:22:50
Speaker 15: My absolute pleasure.
01:22:50
Speaker 10: Cheers.
01:22:51
Speaker 1: Lots of feedback coming through on data centres, on Live Golf and more. We'll get to all of that in just a moment.
01:22:57
Speaker 4: Knockdown, Bill 2, with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
01:23:05
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
01:23:11
Speaker 1: 26 minutes after 8. We have a Robbie Williams double pass to give away to the concert on Saturday night. Describe to the front page of Adelaide's advertiser the midterm result as the Blue Nami. This is the thing, if you saw it on Fox News and CNN yesterday in the American coverage, they kept referring to it as the Blue Nami, often the red wave or the blue wave, because it was bigger than that. The Blue Nami. It got us thinking, what Nami would you like to strike Adelaide? If you could summon any form of Nami, you know, it could be a.
01:23:44
Speaker 1: Hot weather NAMI, or it could be a public holiday NAMI. What NAMI would you summon? 8223 0055 for the tickets to see Robbie Williams on Saturday night.
01:23:54
Speaker 5: I'll tell you what we do have, a text NAMI.
01:23:57
Speaker 1: We have a text NAMI. Hit us with it.
01:23:58
Speaker 7: We have so many text messages coming in. Richard in Parkside, disappointing the Premier was unable to once again give a straight answer to a straight question about commercial incompetence. This one from David. The Premier's concerned about not damaging the environment when it comes to data centres, but now what about an extinct golf tournament? That's an interesting one.
01:24:18
Speaker 5: And this one from Mike. Good morning, guys.
01:24:20
Speaker 7: MotoGP and Liberty Media will do whatever they want. Hungary were two years into a 10-year contract and Liberty pulled the pin after this year's event.
01:24:29
Speaker 1: I wonder what happened in Hungary.
01:24:30
Speaker 5: That's what I was trying to say to the Premier.
01:24:32
Speaker 1: I suppose the point is, we could say that about every major event. They could all leave eventually at some point in time.
01:24:38
Speaker 7: Yeah, but the difference between some major events and others and the way Live Golf has operated over the last four years is it's taken place at an already existing course that taxpayers didn't have to pay for. We didn't pay $ 50 million to upgrade the North Adelaide Golf Course when it was held at Grange.
01:24:55
Speaker 1: At Grange, yeah.
01:24:56
Speaker 7: We are now paying $ 100 million for a MotoGP track in the parklands, ruining parks for a racetrack. That might not go ahead after, well, 2032 is when the contract ends. And if Liberty Media and MotoGP have torn up contracts, like the Hungary one, two years into a 10-year contract, taxpayer money for that as well.
01:25:20
Speaker 1: That's fair. We have a call NAMI coming through at the moment on our NAMI talk topic, which means we'll open up 8223 0000 as well, because 0055 is all full. If you're at the Robbie Williams tickets, a what NAMI would you like to hear? There is what text NAMI. Some of it is that they want to ban Mean Army, which is hard to say. We'll get to some of your entries next.
01:25:40
Speaker 9: 20 minutes to nine.
01:25:57
Speaker 1: We've got some Robbie Williams tickets to give away. We'll be doing that in the next few moments. Full board for people with NAMIs that they want. Tsunamis that they want. The Democrat Blue NAMI on the front page of the Advertiser this morning. We're asking you about a NAMI. We've never had that construction before. We have plenty of gates when there's issues.
01:26:14
Speaker 4: Watergate.
01:26:15
Speaker 1: Watergate. Times to Darlington Gate. We don't have Live Golf Gate. The Premier's just told us. He's confirmed something he said in our chat a moment ago in Breaking at Eight that The state, that is you, the taxpayer, have no outstanding money with Live Golf. They withheld payments for the 2027 tournament, obviously in anticipation of this kind of thing happening. The breaking news this morning, PC Partners have pulled that funding lifeline. So we're not in the hook. Now, people have bought tickets are, and I just wonder where you sit if you're a ticket holder in the list of creditors as Live Golf enters liquidation. I'm guessing you're probably far down the list. I don't know, but we might do some work on that over the course of the day. Now, Michelle Bullock said, it's going to feel like a recession. No, Live Golf's not Australian, but they've gone bust. And now so too has David Jones. Officially. Officially. Staff have been told in the last half an hour that administrators and receivers will be appointed for the first time in its 188 years of training. McGrath Nickel will be the administrators. According to the statement, FDI Consulting will be receivers and they'll run the business until it's restructured and put up for sale in Now, this is ominous. FTI are expected to make an update on store closures and job losses later this week. Of course, the final straw that broke the camel's back was their failure to come up with an agreement with landlord, the Ascender Group, on how they're going to pay their bills, which they hadn't paid for quite some time. So some breaking news there. David Jones, for the first time in 188 years, has been placed into receivership in the hands of the administrators. Very, very sad story.
01:27:51
Speaker 9: All right.
01:27:51
Speaker 5: Really sad.
01:27:52
Speaker 1: Let's pick things up. Let's give away some Robbie Williams tickets, shall we? $ 500 worth of Robbie Williams goodness.
01:27:56
Speaker 5: We need something to look forward to.
01:27:57
Speaker 1: Yes, you'll love your Saturday night. Sue, what NAMI do you want?
01:28:01
Speaker 4: I want a sporting tsunami, like a triathlon, you know, and bringing people of all ages into the city.
01:28:08
Speaker 1: A tri-NAMI?
01:28:09
Speaker 6: Yes.
01:28:10
Speaker 1: Excellent, Sue. Helen in Glenunga, what NAMI do you want?
01:28:14
Speaker 21: I just wanted a happy, happy NAMI for five minutes. For everyone to be happy.
01:28:20
Speaker 1: Yes. You know what, Helen? Let's go for even more than five minutes.
01:28:23
Speaker 9: Yeah.
01:28:24
Speaker 1: A happy NAMI.
01:28:25
Speaker 5: Can we have a happy 12 months?
01:28:26
Speaker 1: Is what the world needs right now. Andrew in St Mary's, good morning.
01:28:30
Speaker 19: Good morning.
01:28:31
Speaker 18: We need a coffee NAMI. No matter where you go in Adelaide or South Australia, you'll be able to buy a decent coffee.
01:28:37
Speaker 1: Coffee NAMI.
01:28:38
Speaker 5: Great call.
01:28:39
Speaker 1: That's now your turn. talking.
01:28:42
Speaker 12: 8223 0000.
01:28:42
Speaker 1: If you'd like to win the Robbie Williams ticket, what kind of NAMI do we need? Cathy in Fullerton. Good morning.
01:28:47
Speaker 13: Hello.
01:28:48
Speaker 1: How are you, Cathy?
01:28:50
Speaker 10: I'm really good.
01:28:50
Speaker 16: How are you guys?
01:28:51
Speaker 1: Yeah, we're good. Thank you.
01:28:52
Speaker 5: What NAMI do you want, Cathy?
01:28:54
Speaker 3: Well, what's the best part of the year?
01:28:55
Speaker 17: A summer. A summer tsunami.
01:28:58
Speaker 1: A summer nami.
01:28:59
Speaker 5: A summer nami.
01:29:00
Speaker 1: It feels like now we had that period of hot weather. It feels like now we're a bit overdue all of a sudden for 30-degree days. It's 5th of November. It'd be nice to get a little bit of a hot nami.
01:29:10
Speaker 7: Come on.
01:29:10
Speaker 5: It's November.
01:29:11
Speaker 1: Come on, weather. Sam in Theberden, what nami do we need?
01:29:14
Speaker 14: That'll go well with a summer nami because what we need, a tree nami to save all the trees.
01:29:21
Speaker 15: For the summertime.
01:29:22
Speaker 9: Oh, okay.
01:29:23
Speaker 1: A tree NAMI.
01:29:24
Speaker 5: A tree NAMI. I think that's just happened in the Parklands, hasn't it?
01:29:27
Speaker 1: Yeah, I think we've got.
01:29:28
Speaker 5: The opposite version.
01:29:29
Speaker 1: Yeah, we've got Tree Gate. We needed tree NAMI. Trevor in Nova Gardens, what NAMI do we need?
01:29:34
Speaker 18: We need to have a six or road week NAMI so I can drive somewhere without seeing bloody cones everywhere.
01:29:43
Speaker 9: Oh.
01:29:44
Speaker 19: And then roll it into a fix all the ramping NAMI.
01:29:49
Speaker 1: That'd be nice.
01:29:49
Speaker 20: Oh, yeah.
01:29:50
Speaker 1: We currently are experiencing traffic cone NAMI in Adelaide. We are. It does feel like. Darren in Salisbury, good morning.
01:29:57
Speaker 18: G'day, guys.
01:29:58
Speaker 20: Will and Stacey, I've got a colour-themed NAMI again, going back to the NAMI in the US. I'm going for a teal NAMI. As a die-hard Port supporter, I want the teal NAMI to smash into Adelaide, and I'm going to ride that wave right across to the MCG, looking for a grand final in 2027.
01:30:16
Speaker 5: I like it, Darren. Very optimistic.
01:30:21
Speaker 9: 2027.
01:30:21
Speaker 1: Building Port Adelaide, but next year feels a little too soon. I thought you might have actually been talking about the Teals politically for a second there, Darren.
01:30:27
Speaker 7: Oh, yeah.
01:30:28
Speaker 1: It wasn't a call I was expecting, but it wasn't one we got. Trevor, good morning.
01:30:32
Speaker 17: We need a chill the pill NAMI.
01:30:34
Speaker 1: Chill the pill NAMI.
01:30:35
Speaker 21: It would be nice and relaxed and calm and then just lead into summer and go.
01:30:39
Speaker 15: For a swim.
01:30:40
Speaker 17: Oh, lovely.
01:30:41
Speaker 1: Can we get like an old-fashioned Australian attitude to stuff NAMI? You know the laid back?
01:30:47
Speaker 5: She'll be right.
01:30:47
Speaker 1: She'll be right. There's not a lot of she'll be rights getting around in Australia anymore, is there?
01:30:51
Speaker 5: No, I don't think much is right.
01:30:53
Speaker 1: She's stuffed.
01:30:54
Speaker 16: Yeah.
01:30:55
Speaker 1: Jimmy in Salisbury, what NAMI do we need?
01:30:56
Speaker 3: Employment and workers NAMI.
01:31:00
Speaker 18: Everyone's become a bludger.
01:31:03
Speaker 1: We've got bludger NAMI. We need employment NAMI. Pretty close to full employment at the moment.
01:31:08
Speaker 9: Yeah, I was thinking that.
01:31:09
Speaker 1: Ian in Morph Vale, what do you think? What NAMI do we need?
01:31:13
Speaker 18: Money Nami.
01:31:14
Speaker 9: Money, yep.
01:31:15
Speaker 1: Money Nami.
01:31:16
Speaker 8: Yep.
01:31:16
Speaker 3: Even if it's just Centrelink.
01:31:19
Speaker 1: Yeah, even if it's just Centrelink. Hey, you know what?
01:31:22
Speaker 5: Oh, I thought Ian said even if it's just Centrelink. I thought, well, maybe that does follow on from Jimmy's worker Nami.
01:31:28
Speaker 1: Yeah, that's true. Barry, what Nami do we need?
01:31:33
Speaker 18: We need a Crow's Premiership Nami.
01:31:36
Speaker 1: Oh, we're well overdue for one of those.
01:31:37
Speaker 5: Crow Nami.
01:31:38
Speaker 9: Crikey.
01:31:38
Speaker 1: They're not. Late 90s crow Nami was pretty fun. That's now a long, long time ago. You notice how they start referencing the 90s as being, you know, 30 years ago.
01:31:48
Speaker 9: Ages ago?
01:31:49
Speaker 5: Scary.
01:31:50
Speaker 1: Yeah. Charlie, what Nami do we need?
01:31:53
Speaker 20: I reckon change gather around to footy Nami.
01:31:57
Speaker 1: Oh, that's a great idea. Footy Nami. Coming to South Australia, kicking off footy Nami on Thursday night. It's going to be the crows and the lions. I might steal that for the footy coverage, Charlie. Ben in Sky, what NAMI do we need?
01:32:13
Speaker 14: I think everybody needs to go to the pub and have a Parmi NAMI.
01:32:17
Speaker 5: Parmi NAMI.
01:32:20
Speaker 1: If there's a pub at Adelaide that doesn't use Parmi NAMI as a promotion for Thursday night two-fine schnitzels or something or other, they're mad. That needs to happen by the end of this week. There needs to be a billboard with Parmi NAMI written on it. Jeff in Black Forest, what NAMI do we need?
01:32:36
Speaker 10: Hello, ARMY.
01:32:38
Speaker 5: What was it?
01:32:39
Speaker 18: Hello.
01:32:40
Speaker 14: Hello.
01:32:40
Speaker 18: Yeah, so hello, army.
01:32:43
Speaker 1: Hello, army. All right, that sounds friendly. Thank you, Geoff. Cathy, what do you think?
01:32:48
Speaker 21: I reckon no interest, the NAMI.
01:32:51
Speaker 8: Oh, yeah?
01:32:51
Speaker 3: We don't want.
01:32:52
Speaker 21: Well, you know, they're just, like, choking.
01:32:54
Speaker 13: Us, aren't they?
01:32:55
Speaker 14: Yeah.
01:32:55
Speaker 1: How about a no-rate-rise NAMI?
01:32:57
Speaker 5: Yeah, that would be nice.
01:32:58
Speaker 1: Because we've had rate NAMI, and that's.
01:33:00
Speaker 5: We're in the middle of it now.
01:33:01
Speaker 1: That sucked.
01:33:02
Speaker 5: We're riding that way.
01:33:03
Speaker 1: Can we get rate-cut NAMI?
01:33:04
Speaker 10: Yeah.
01:33:04
Speaker 1: Although the problem is... You say lots of rate cuts. Don't get serious. Generally, that means sometimes bad things are other bad things happening. Yeah, okay. I won't get serious.
01:33:11
Speaker 5: Don't get serious.
01:33:11
Speaker 1: I won't get serious. Somebody says we need a marsupial nami.
01:33:16
Speaker 16: Okay.
01:33:16
Speaker 1: I don't know why, but it sounds pleasant. Sure.
01:33:20
Speaker 7: I like this one from Michael. I love the name Susan. My first daughter was named that, so I'd like to see a tsunami.
01:33:29
Speaker 1: Yeah, which is lovely. The story's great. But if you get around telling people you're hoping for a tsunami, they're going to think something very different. Who wins the Robbie Williams tickets?
01:33:38
Speaker 5: I think Helen with her happy nami.
01:33:40
Speaker 1: Yes. Don't we need it?
01:33:42
Speaker 5: Yeah, we need it.
01:33:43
Speaker 1: Some smiles. Don't we need it?
01:33:44
Speaker 5: Yeah.
01:33:45
Speaker 1: Let's all pray for a happy nami. Sue, you've got the Robbie Williams tickets. Back bringing his Britpop to it. Sorry.
01:33:52
Speaker 4: Helen.
01:33:52
Speaker 15: Helen.
01:33:53
Speaker 1: I'm still fixated on Michael's tsunami. He spoke it into existence. The Britpop Tour is coming to Adelaide Oval. Tickets are on sale from today. Head to FrontierTouring.com to get yours. All right, we're going to take a break. We'll check traffic first. The Toyota Land Cruiser 300 Performance Hybrid has arrived at Jarvis Toyota, combining iconic strength with advanced hybrid power.
01:34:11
Speaker 4: Knock down, build two with Metro Homes. Sell one and move on. Keep the other as an investment. Metro Homes, they do it all for you.
01:34:19
Speaker 6: Will Goodings with Stacey Lee. This is 5AA Breakfast.
01:34:26
Speaker 1: Right on eight minutes to nine.
01:34:28
Speaker 7: And yesterday there was a round table held in the city with a group of women in Adelaide.
01:34:34
Speaker 5: I was involved in it.
01:34:35
Speaker 7: It was chaired by the Minister for Women, Katrine Hilliard, and it was about the increasing rate of online violence against women. And the Minister joins you this morning. Good morning to you, Minister.
01:34:49
Speaker 21: Good morning, Stacey, and good morning, Will.
01:34:51
Speaker 7: I thought It was a really interesting discussion yesterday and so many women in the room had shared some experiences with themselves online and had come up with some, I guess, ideas that we thought, some practical solutions that could be implemented to try and fix it. But some of them are pretty big picture, you know, asking Meta to do ID checks before someone creates an account, et cetera.
01:35:18
Speaker 5: Do you think any of it is realistic?
01:35:19
Speaker 17: Yeah.
01:35:21
Speaker 21: Well, Stacey, thank you so much for being part of a really important conversation. I was so grateful to have some incredible women in the room, including yourself, other leaders in media, in politics, in sport. What we heard is that these experiences of online gendered abuse are growing and being normalised. And that those experiences do have a cost in terms of women's willingness to participate and step up. And I think one of the things that was really common, Stacey, was that everyone agreed that we need to speak up about this for ourselves, but also really importantly for those women and girls who are thinking about stepping into public spaces who don't have agency and power. it's really important that we also step up for them and tackle this issue. And you're right, there was a range of potential solutions that were put forward for us to consider, as you said, some really big picture solutions about tackling the platforms. A really strong theme was that we need much broader community conversations about why this is happening, who is driving this, and that the solution lies in having those conversations with everyone, with women, with men, with boys and girls, and that those conversations need to be about equality and safety for everyone because that is what we want for our society. Some of the other things that came up, Stacey, as you would know, was thinking about how we can make sure that there are dedicated, really safe and accessible pathways for reporting information How can we make sure that the consequences for those who spread this kind of abuse are the right ones, that they're strong and effective? And how can we make sure that we work together, again, women, men, boys and girls, to make sure that there is education and that there are really positive male role models in clubs, in community groups, in arts, in music, in schooling environments everywhere who can actually step in and show that really positive masculinity and lead the way in having boys and young men look to them rather than into that terrible space that can be there online. So some really great suggestions and I'm really grateful to everybody that was involved, including you, Stacey. Thank you so much.
01:38:13
Speaker 5: Minister, appreciate it. Thanks for your time.
01:38:15
Speaker 1: The Minister for Women, Katrine Hildyard, on what sounds like a very, very excellent event. A lot of some good text coming through at the moment as well. David Jones, there's a lot of sadness coming through from people who have worked at David Jones, been at David Jones. shocked that David Jones has ended administration after 188 years and a lot of anger at the federal government as well. Dylan says it survived two world wars and the Great Depression, but Albo's economy was the thing that broke the camel's back. Thank you for that, Dylan. And someone else here said we need a A blue NAMI in Australia. The blue NAMI in the US obviously represents the Democrats' party, but here he says we need a blue NAMI to get rid of the toxic Labor government. They're costing us normal people way too much. Interesting lesson, I think, for all political parties. Like John Howard having control of both chambers in the US, MAGA seemed this irrepressible movement, but your political moment is always fleeting. Reform in the UK have been overtaken by the conservatives who were dead a year ago. It's a lesson for one nation as well, not just the incumbent government. You get a moment. But no one in a democracy says, no one's loyal anymore in the sense I identify as that. Everyone's vote's transient. And if you don't deliver and you make people's lives worse or not better, people will move on and do something different. Powerful lesson. It took two years in the US to go from one of the most resounding election wins ever to the worst loss. There's a statistic I saw this morning. Democrats have flipped more Senate seats in states that the president won by 10 plus points than all opposition parties combined over the last 40 years.
01:39:50
Speaker 14: Right?
01:39:50
Speaker 1: So you can go from historically great to historically bad in really quick time. Yeah.
01:39:54
Speaker 5: In 2026.
01:39:54
Speaker 1: We have short attention spans. Short attention spans, and we're not loyal anymore.
01:39:58
Speaker 10: No.
01:39:58
Speaker 1: That's a lesson for everyone in politics at the moment. And we're seeing it come through in the text line in many ways about Albo, about the Libs, and about One Nation as well. The good news, as Koshi mentioned earlier, the– Brent crude price is off about 8.6% this morning, nearly 9% in reaction to that news out of the US on hopes that maybe this means peace in the Middle East is closer now because the American people have voted overwhelmingly that the Iran war was a disaster. So that's potentially great news for inflation and consumers in Australia as well. So let's have a look at that if that's bled through to the fuel price. Don't get stuck on the side of the road. Get RAA.com. road service never happens quickly but you know the Solart Marion South Road $ 2. 12. 5 is not bad the Mobile Torrensville Henley Beach Road $ 2. 17. 5 and the Solo Paraka Bridge Road $ 2.
01:40:47
Speaker 9: 52.
01:40:47
Speaker 1: 5 for diesel so on the way down with a sign maybe that there's more to come so we'll be hoping for that and otherwise we'll see you tomorrow morning from 6 I.
01:40:57
Speaker 8: Was trying to find my way along but all I heard was a drum bouncing off a satellite
01:41:06
Speaker 20: I think everybody needs to go to the pub and have a paninami.