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(generated from captions) agenda is about growth and engagement with Asia.The PM speaking in Cairns overnight. We are joined in the Breakfast studio by the resources and Energy Minister Josh Frydenberg. Minister, good morning to youNice to be with, you, Michael.This Ipsos poll, 4% drop in support, are you chastened by this?Polls always get tight before elections and the differences between the two parties gets crystallised in the public's mind, but if you look at this poll, if you look at the preferred PM, you still have Malcolm Turnbull street as head of Bill Shorten.That's very important because he is the strong leader of our team and will take us to a victory at the next election.I suppose a lot of voters are saying that the PM has now been in the job for five months but there hasn't been much action, a lot of talk but he has essentially done nothing. Is that a valid view to take?Absolutely notHis announcement on innovation and the changes there for the start-up sector being significant.Obviously he has play a key role representing Australia overseas at important meetings being like the G20, the East Asia summit.APEC, he had the historic meeting with President Obama as well as visiting our troops in Afghanistan and Iraq.He is doing a lot of important reforms, certainly in my area of energy resources, Northern Australia, we've been working very closely together.You mentioned international stage craft thereInternational visits. Where is the action. Where are the decisions?Well, we are making decisions all the time, particularly about the economy, and we are actually seeing really positive results, Michael.Let's not be down too much on the performance here in Australia.We are in our 25th consecutive year of economic growth.That's the longest run any developed country has had since the Dutch which had 26 years, but that ended a number of years ago.We have seen record job creation, 3 00,000 new jobs last year, female workforce participation at the highest levels on record - that's a pretty good story to tell.I suppose the Government has taken one decision in taking the GST rise off the table, and others under consideration. Given Scott Morrison's saying over the weekend that it was an a sult on mum and dad investors, does that mean there will be no move on negative gearing?Scott Morrison has opened the dooer to negative gearing but he was absolute right when he said what a joke this Labor policy is.They said it was the greatest economic reform in a generation.It shows this he have no idea of the debt and deficit they left us where their negative gearing proposal doesn't even pay our monthly interest bill on the debt that Labor left us.I won't pre-empt what the Treasurer and the PM will work through, but Labor's proposal to get rid of negative gearing for established homes and to put investors into new homes could have quite a negative impact on first-home buyers, and could put upward pressure on new homes, and in those areas where people are expanding outside the normal urban boundaries, young people are looking to go et into new homes and putting investors only into new homes could have a per ver sis impact.When you are looking at the potentially negative excesses in negative gearing, what are you meaning?That's for Christopher Pyne and Malcolm Turnbull to comment on.But you just have - must have a view?My view is that it, negative gearing plays an important role because at the end of the day the investor will get a capital gain as opposed to having to charge higher rents and if you look at the numbers of people who access negative gearing, around 70% have incomes less than $100,000.So there are 50,000-plus teachers who have a negative geared property, there are 30,000-plus nurses that have a negative geared property, these are the ones being targeted by Bill Shorten and Labor.To another story, the Labor Party is referring the Stuart Robert trip to China to the Federal Police with Mark Dreyfus the Shadow Attorney-General saying it could involve a serious criminality. Are you worried about that in terms of what the Federal Police may come up with?Look, those processes will take its course.I would not want to comment or not that, allow the investigations to take place, other than to say Stuart Robert is a colleague of mine, he is in the Parliament and he has paid a very high price.Let's go to the impending release today of that report by the South Australian royal commission into the nuclear fuel cycle. Do you hope it will restart the debate about nuclear energy in Australia?I certainly welcome the South Australian Government's decision to have this royal commission because it's putting all the facts on the table.Now, Australia's paeped in the nuclear fuel cycle for around 60 years and we have the largest known reserve vs of uranium anywhere in the world and 78% of those reserves are in SA, so it's appropriate appropriate for SA to look at t plus SA has the stable geology you would need to store high -level waste.This is a welcomed debate, but it's also important to point out this is very different to the task of have at hand which is to find a national site to store low-level and intermediate waste which is the products of nuclear medicine which you and I and many other of your viewers are beneficiaries of.And how is that going?We've got six sites, three are in SA.We are narrowing that down to two or three over the coming monthsThere has been plenty of community consultation.Obviously we have to dispel some of the mitts around the storage of low-level and intermediate waste, but this will be good news and good outcome for Australia if we can find a single site.Do you see scope of a nuclear fuel reactor being built in SA or for that matter elsewhere in Australia any time soon?Look, I think there is a long way to run in this debate, plus you have to understand the time lags that would be involved in establishing such an industry in Australia, more than a decade or more.Plus Australia has access to cheapeny with both an abundance of coal as well as gas and that has to factor into our thinking about the price of the electricity that would be generated by nuclear power, but there are more than 30 countries in the world who get their power through uranium and nuclear technology, including France, which gets more than 75% of their power that way and the US around 20%, and many of the countries in our region, including China and India and some of the other south east Asian countries are all extending their involvement in the nuclear fuel cycle.Josh Frydenberg, we will leave it there. Thanks for coming into the strudio.Grade to with you.Nuclear energy is in the spotlight this morning with the