Heather du Plessis-Allan Drive

There's growing concerns from experts about the risks surrounding AI investments. Investors believe AI is at risk of forming a stock market bubble, and some analysts are worried about the risks coming home to roost. Fisher Funds expert Sam Dickie explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Tonight on The Huddle, former Green Party MP Gareth Hughes and Infrastructure NZ CEO Nick Leggett joined in on a discussion about the following issues of the day - and more! Air New Zealand CEO Nikhil Ravishankar wants airports around the country to stop giving Jetstar an 'advantage' with discounts that allows them to run cheaper flights. What do we make of this? The Northland business chamber has suggested many businesses in the area won't want to join a class action lawsuit against Transpower because they just want to move on from the collapsed pylon saga? Do we think the business owners will get on board?  New research shows millennials are the first generation to drift further left than their older counterparts. Why do we think this is? LISTEN ABOVE See omnystudio.com/listener for privacy information.

On the Heather du Plessis-Allan Drive Full Show Podcast for Thursday, 27 November 2025, Attorney-General Judith Collins tells Heather why she's called a public inquiry on the Tom Phillips case. Air NZ's new boss has asked airports to stop supporting Jetstar's competition edge by giving them discounts. Jetstar CEO Stephanie Tully speaks to Heather - and Heather reveals why she's booked her first flight on the orange bird. Mike Colson KC explains why he's getting involved in a class action lawsuit against Transpower and Omexom over the toppled power pylon saga. Is NZ becoming more litigious?   Aussie researchers reckon millennials are the first generation to not become more conservative with age. Why is that? Plus, the Huddle debates millennials' politics and flying Jetstar. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Can I give you a positive spin on the recession that we're just coming out of? I mean, maybe it's not so much a positive spin, but maybe it's an explanation for why this recession was harder than it needed to be - but why it actually did need to be this hard. If you've been following the commentary around the Reserve Bank's last two OCR decisions, you'll know there's been a fair bit of chat about the wealth effect and how that has made the recession worse. Now, the wealth effect is the thing that happens when your house goes up in value. You feel rich - you’re not rich, you just feel rich - so you go out and spend more money. And then, of course, when it does the opposite and goes down in value, you feel poor. You're not poor, you just feel it, so you shut your wallet. And that is part of the reason why this recession has dragged - because our house prices are not going up. They have gone backwards, and so we're not spending, which means that we're not spending our way out of the recession. Now, the thing about this is that the Reserve Bank has actually done things to deliberately keep our house prices suppressed, right? Things like debt-to-income ratios. Some of the stuff is not their fault, like people leaving the country and therefore not wanting to buy a house - supply and demand, blah blah blah - but some of it is the fault of the Reserve Bank, who've done this deliberately. And I warned you about this on the show before. I said this to you in August, I said I was worried that the Reserve Bank was keeping house prices depressed and that it would drag out this recession longer, which it has. And I've been talking privately to Brad Olsen about it as well, who's been keeping an eye on it too, and we've been debating the merits of it. But here's the silver lining - we actually needed to let go of this property obsession. It's been hard, but we needed to do it because we have got to stop putting our money into property and we've got to start putting our money into businesses and other productive assets.  And this is the breakup that we needed to have. No breakup is nice, and this one isn't either. So I text Brad Olsen this morning, yet again. He goes, “Oh, here we go. Here's a text from Heather.” I said, “Brad, are you still sure that it was worth it to break up with our property obsession given how hard it has made this recession?” And he just replied with, “Yes, I do.” So what I would say is, if you're doing the glass-half-full thing, at least we will come out of this recession less in love with houses and more likely to put our dollars into stuff that will actually make New Zealand richer - and that's got to be a good thing. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Reserve Bank has blamed the ongoing recession on an uncertain property market, prompting experts to weigh in. New Zealand has traditionally relied on housing as an engine of growth, but years of flat property prices have reportedly contributed to the ongoing economic downturn. Infometrics principal economist Brad Olsen explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Inland Revenue Department has launched some new steps in bringing down tax debt - with one scheme linked to a key credit agency. Following a successful pilot, the IRD will report more recalcitrant tax debtors to credit reporting agency Centrix. Centrix Group Managing Director Keith McLaughlin says this scheme is designed to bring down company debt at this stage, not personal debt. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Strong signals from the Government suggesting the rights and privacy of the children will be paramount in the Tom Phillips inquiry.  Police shot the fugitive dead in September after he was on the run with his kids in the Waikato bush for four years.  NZ Herald political editor Thomas Coughlan explained what this case could uncover. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Business as usual for Jetstar, despite Air New Zealand taking a swipe at its airport discounts.  Air New Zealand head Nikhil Ravishankar claimed airports are unfairly subsidising the Qantas-owned airline - on our most profitable air routes.  BusinessDesk reports Ravishankar says that includes open-ended discounted landing rights and cost cutting deals.  Jetstar CEO Stephanie Tully says they're just focused on running their own race.  "The reality is, we've been trying really hard to make sure that we've got a great value proposition in the New Zealand market - and it's great that more Kiwis are giving us a go." LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Reserve Bank is addressing concerns cash is becoming inaccessible by bringing money to rural communities.   It has opened a 12-month trial of a cash depot in Hawke's Bays' Waipukurau - offering a closer site to make withdrawals. Local banks have recently closed, meaning the nearest ATM for locals is 50 kilometres away. Reserve Bank Money and Cash Director, Ian Woolford, says, currently, only businesses can use the depot for cash. "It's quite surprising, about a third of where people get their money from is actually from a retailer...but people might be noticing retailers are increasingly saying - well, we don't really want to accept cash." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Businesses are taking class-action over a power outage to of all Northland last year - although the exact loss is still unknown. In June, an inexperienced worker removed nuts from three legs of a pylon, which toppled, cutting electricity to almost the entire region. An opt-out class action against Transpower and its lines maintenance contractor is progressing through the courts.  Stout Street Chambers partner, Mike Colson, says losses will be calculated in due course.  "It's giving Northland businesses an opportunity to be compensated - and second, an opportunity to incentivise those working on critical infrastructure to do a good job out of it." See omnystudio.com/listener for privacy information.