Latest / Early Edition with Ryan Bridge / Full Show Podcast: 11 March 2026

Transcript

Full Show Podcast: 11 March 2026 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: earlier Ishow with one roof Love where you Live News
0:09
Speaker 1: Talk said, be good morning.
0:10
Speaker 2: Great to have your company. We'll look at the COVID
0:12
Speaker 2: JAB jobs this morning, Gavin in the UK for US
0:15
Speaker 2: property prices right for investors out there, and we'll talk
0:18
Speaker 2: to Air Chathams on the price of ab gas, which
0:21
Speaker 2: is going through the roof the agenda. It is Wednesday,
0:25
Speaker 2: the eleventh of March. Five of the Iranian soccer players,
0:28
Speaker 2: the female soccer players have been given asylum in Australia.
0:31
Speaker 3: They're safe here and they should feel.
0:33
Speaker 2: At home here. Here's the immigration minister table.
0:36
Speaker 4: We realize they are in a terribly difficult situation with
0:40
Speaker 4: the decisions that they're making.
0:42
Speaker 2: Let's go to the conflict in the run itself now.
0:45
Speaker 2: Pete Higgs Sayth says today will be the most intense
0:48
Speaker 2: of the strikes on Iran.
0:49
Speaker 1: Most fighters, the most bombers, the most strikes, intelligence, more
0:54
Speaker 1: refined and better than ever.
0:57
Speaker 2: Iran's top security official. Meanwhile, on Air has worn Trump
1:01
Speaker 2: be careful so that you won't get eliminated. Right. Finally,
1:06
Speaker 2: across the ditch, Lululemon Lulu lemon Is. This is the
1:10
Speaker 2: active were brand. If you haven't seen it, it's the
1:12
Speaker 2: really tight tights that people wear to yoga class. Been
1:16
Speaker 2: fined in Australia more than seven hundred thousand dollars by
1:19
Speaker 2: the Communications and Media Authority for breaching spam laws. Regulated
1:24
Speaker 2: say the company sent more than three hundred and seventy
1:27
Speaker 2: thousand emails containing marketing content how annoying without an unsubscribe option.
1:33
Speaker 2: This is between December of twenty four and January of
1:36
Speaker 2: twenty five.
1:38
Speaker 1: Get ahead of the headlines on early edition with Ryan
1:42
Speaker 1: Bridge and one roof Love where you Live news Talks.
1:45
Speaker 2: That'd be eight r five great to have your company, Ryan.
1:48
Speaker 2: This is from Steve after watching Erica Stamford on the
1:51
Speaker 2: news last night. It's an no brainer that she should
1:53
Speaker 2: lead National. They would win the election hands down. Yes, Steve,
1:56
Speaker 2: Now's not the time. Now's not the time. You can
1:58
Speaker 2: wait and do that later. If you needed to change leaders,
2:01
Speaker 2: if things are dire a couple of months out from
2:03
Speaker 2: the election, you would do it. Then. You don't need
2:05
Speaker 2: to do anything now. Although I did see did you
2:09
Speaker 2: hear yesterday what John Key and Luxon spoke about?
2:14
Speaker 5: Yes?
2:15
Speaker 2: I typically yes, I did about his golf. He's playing
2:17
Speaker 2: playing very good golf.
2:18
Speaker 6: Apparently.
2:21
Speaker 2: All right, let's move on from that COVID inquiry. I
2:23
Speaker 2: actually don't want to talk about this either. The COVID
2:26
Speaker 2: inquiry another one Phase two reports come out, and these
2:29
Speaker 2: reports come out and they all say similar things. Yeah,
2:32
Speaker 2: got good job on the whole room for improvement. I'm
2:35
Speaker 2: just sick of talking about it now. I think, are you?
2:38
Speaker 2: Are you sick of talking about it too. I know
2:41
Speaker 2: it's important and we've talked about it a nauseum for
2:44
Speaker 2: the past what five years, but I'm kind of I'm
2:47
Speaker 2: kind of over it now. I've kind of done my
2:49
Speaker 2: dash with it. You either you're in one of two camps,
2:52
Speaker 2: aren't you. You're either in the camp of Yeah, they
2:55
Speaker 2: did it well at the start and then they totally
2:57
Speaker 2: cocked it up and they went too far and for
3:00
Speaker 2: too long. And these reports don't look at everything. They
3:04
Speaker 2: don't look at you know, long term school closure impacts,
3:07
Speaker 2: long term youth crime, long term business debt. Like Yeah, sure,
3:11
Speaker 2: GDP might bounce back, activity might bounce back, but how
3:15
Speaker 2: much of you borrowed? Have you mortgaged the house in
3:18
Speaker 2: your small business in the meantime, while the lockdowns were happening,
3:21
Speaker 2: have you taken all that into account? What about the debt?
3:23
Speaker 2: What about the ten billion dollar interest bill that we
3:26
Speaker 2: have to pay as account? I mean, all these things,
3:28
Speaker 2: and then you go another report say it's such same
3:31
Speaker 2: thing basically as the last one. So are we that
3:34
Speaker 2: interested anymore? The one thing that came out of it
3:37
Speaker 2: is the JAB advice, which was for young people, and
3:41
Speaker 2: at the time you did think, well, perfectly healthy young person,
3:44
Speaker 2: they're far less likely to get sick from COVID and
3:47
Speaker 2: they're taking the JAB and then they're taking a double dose.
3:50
Speaker 2: Turns out the second dose may not have been that
3:52
Speaker 2: great for them. The mocarditist thing was an issue, so
3:56
Speaker 2: that certainly would require some answers today. But beyond that,
4:00
Speaker 2: at do we care now? Ten after five TALKSB, What
4:06
Speaker 2: we do care about is the price of jet fuel
4:08
Speaker 2: and we will talk to Dwyane em Andy who's from
4:09
Speaker 2: Air Chathams about this because it's not just in New
4:12
Speaker 2: Zealand that's coppying it. It's all our regional and smaller
4:14
Speaker 2: players too. That's next News Talks eNB.
4:18
Speaker 1: On your radio and online on Iheard Radio Early edition
4:22
Speaker 1: with Ryan Bridge and one roof Love, Where You Live,
4:26
Speaker 1: News Talks EDB, News Talks eNB.
4:28
Speaker 2: Time is twelve minutes after five A. Local airlines putting
4:31
Speaker 2: out an sos to the government. Jet fuel prices have
4:34
Speaker 2: almost doubled since the beginning of the war in Iran
4:36
Speaker 2: air New Zealand's and strife. They're hiking international fears by
4:39
Speaker 2: up to ninety bucks. Smaller players in trouble too. Dwayne
4:42
Speaker 2: m Andy air Chathams CEO with me this morning. Dwayne,
4:44
Speaker 2: good morning, yeah, very good morning. Right. How are you? Yeah,
4:48
Speaker 2: very well, thank you. You'll be watching the price of
4:50
Speaker 2: jet fuel pretty closely. Has it come back at all?
4:54
Speaker 7: Yeah, definitely watching a lot more than it was two
4:56
Speaker 7: weeks ago. Yet it has come back. Just check this morning.
5:00
Speaker 7: I think it's sitting at around eighty five dollars a
5:02
Speaker 7: barrel for break crude. The jet fuel price that crack
5:07
Speaker 7: spreads a little bit harder to get my hands on,
5:09
Speaker 7: but good to see that that bring prude price dropping
5:13
Speaker 7: at this stage.
5:14
Speaker 2: Do you are you putting up prices?
5:17
Speaker 7: Yeah, here we're following suit with the other regional and
5:22
Speaker 7: airlines within New Zealand. We're looking at a twenty dollars
5:24
Speaker 7: increase to our standard feares, which obviously is not going
5:31
Speaker 7: to cover all of this escalation, but it helps a
5:34
Speaker 7: little bit. So we did that overnight. Our team were
5:36
Speaker 7: working on that overnight.
5:38
Speaker 2: Does that effect you demand? Do you think or do
5:40
Speaker 2: people are just going to fly with you anyway and
5:42
Speaker 2: wear it for now?
5:44
Speaker 8: Well?
5:44
Speaker 7: I hope they'll still fly with us. I think it's
5:46
Speaker 7: quite important that they do. But that is the balance, right.
5:50
Speaker 7: The more you put the price up, the more unaffordable
5:53
Speaker 7: it comes, and people just don't travel, and then it's
5:57
Speaker 7: a worse situation for an airline when that happens.
5:59
Speaker 2: What do you want government to do?
6:02
Speaker 7: Yeah, So I've been having a lot of thought about
6:04
Speaker 7: this the last couple of days. I think the key
6:06
Speaker 7: thing we're really asking for is just a more proactive approach. Right,
6:09
Speaker 7: so we all know this is a really volatile situation.
6:13
Speaker 7: It's it's changed and escalated quickly in just a matter
6:16
Speaker 7: of days. So what I think we really want the
6:19
Speaker 7: government to do is say, well, you know, if this
6:21
Speaker 7: thing pushes out past the month, two months, three months,
6:24
Speaker 7: what can we actually do tangibly to support regional air connectivity?
6:31
Speaker 7: And there are a number of options to know that.
6:34
Speaker 7: You know, I spoke recently about some of them, which
6:37
Speaker 7: are those costs that the government may have some control
6:40
Speaker 7: over through sos and regulatory departments. So I think it's
6:45
Speaker 7: really just if you've got this ministerial committee sitting together
6:47
Speaker 7: and you're thinking about these things, you know, have a
6:49
Speaker 7: specific focus on aviation, and say, well, proactively, what could
6:54
Speaker 7: we do, what could we start working on now, it's
6:56
Speaker 7: put a mechanism in place to support these guys if
7:00
Speaker 7: it goes longer.
7:01
Speaker 2: Have you had any money come through from the regional airlines,
7:05
Speaker 2: the loans for regional airlines, the money that the government announced?
7:09
Speaker 7: No, No, we're working through it. So you know, it
7:13
Speaker 7: is a process. It's there's a lot of tax payer money,
7:16
Speaker 7: so we've got to do it promptly. So we've been
7:18
Speaker 7: working with Carnoa and hopefully by the end of this
7:21
Speaker 7: month the Ministerial Group will meet and make some decisions
7:24
Speaker 7: on that.
7:25
Speaker 2: Dwayne, appreciate your time this morning. Drayne M and E. E.
7:28
Speaker 2: Chatham's CEO time is quarter past five. You're on news talks.
7:32
Speaker 2: He'd be on the timing of when is it all in?
7:35
Speaker 2: When is the war over Trump's advisors apparently, and is
7:38
Speaker 2: there and now so that you need an exit plan,
7:40
Speaker 2: you need an exit strategy. And yes, say, when you
7:42
Speaker 2: call that press conference, you kin't of thought, oh was
7:44
Speaker 2: this it? Is he going to finally announce we're going
7:46
Speaker 2: to pull out, We're going to stop bombing. They're doubling
7:49
Speaker 2: down today. But you'd have to say the end is nigh.
7:51
Speaker 2: Won't be long till he puts a you know, a
7:54
Speaker 2: bush mission accomplished banner over the top of it, a
7:57
Speaker 2: victory banner, ties a boo on it, and wraps it up,
7:59
Speaker 2: calls it day. The Strait of Her Moors obviously is
8:03
Speaker 2: the big question mark. And I've got a little update
8:05
Speaker 2: for you on how much traffic is going through there,
8:07
Speaker 2: according to Goldman Sacks Next News Talk, SIB Views.
8:11
Speaker 1: And Views you Trust to start your day, it's earlier
8:15
Speaker 1: this ship with Ryan Bridge and one roof Love where
8:19
Speaker 1: you Live News Talk SEDB.
8:20
Speaker 2: News Talk said b it is eighteen minutes after five,
8:23
Speaker 2: So Ramco, this is Saudi Arabia's state oil company, biggest
8:26
Speaker 2: oil company in the world. By the way. They have
8:28
Speaker 2: warned that it could be catastrophic if the strait doesn't
8:31
Speaker 2: open soon, which is why the straight needs to open.
8:33
Speaker 2: They still are managing to do seventy percent of output.
8:37
Speaker 2: That's obviously not one hundred percent of output, which is
8:39
Speaker 2: what you would want them to be doing. But there
8:42
Speaker 2: is a little uptick in traffic going through the strait
8:45
Speaker 2: at the moment. This is a Goldman sax note that
8:47
Speaker 2: they put out to clients overnight. The number of oil
8:50
Speaker 2: vessels crossing the Strait was at twenty percent of pre
8:52
Speaker 2: war levels. Now that is actually up from what they
8:55
Speaker 2: did estimate was about ten percent. So it's one point
8:58
Speaker 2: six million barrels a day through the strait. Normally you
9:01
Speaker 2: would get twenty million barrels a day before the conflict.
9:05
Speaker 2: The other problem you've got is actually tracking the vecal
9:07
Speaker 2: vessels that are going through the Strait because they're turning
9:10
Speaker 2: off their transponders, so hard to know exactly how much
9:13
Speaker 2: is going through there. But it's fine to say not
9:15
Speaker 2: much for now, Brian Bridge. Right, let's get to property.
9:21
Speaker 2: House prices the most affordable they've been in a decade.
9:24
Speaker 2: This is outside of the COVID drop. National value to
9:26
Speaker 2: income ratio down to seven point two for quarter four
9:29
Speaker 2: of twenty twenty five. That's the lowest since twenty sixteen,
9:32
Speaker 2: the long term average is six point eight. Matt Ball
9:35
Speaker 2: Properly Investors Federation is with us this morning. Matt, Good morning,
9:39
Speaker 2: Good morning, Rynnie. Well, yeah, I'm very well, thank you.
9:42
Speaker 2: Is this where we go out and buy lots of houses?
9:45
Speaker 8: I mean, it's still above the average long run affordability measure,
9:49
Speaker 8: So it's great to see that. I'm come down. That's
9:51
Speaker 8: good for New Zealand, good for young people trying to
9:53
Speaker 8: buy a house. But it'd be nice if that dropped
9:56
Speaker 8: down a little bit further.
9:58
Speaker 2: When you say good news for every yes, good news
10:01
Speaker 2: for first time buyers. Do investors go out and buy
10:05
Speaker 2: at a time like this? Would you know? Are they?
10:09
Speaker 8: This isn't the sort of measure that drives investors. And
10:12
Speaker 8: if you look at some of the other surveys happening
10:14
Speaker 8: at the moment, you actually see the more investors looking
10:18
Speaker 8: to sell at the moment. So the sort of things
10:20
Speaker 8: that will drive an investor are the numbers. If I
10:24
Speaker 8: buy this property, can I either add value to it
10:27
Speaker 8: or can I get a good cash flow out of it?
10:29
Speaker 8: So is it a good long term investment? Things that
10:33
Speaker 8: are making investors nervous at the moment, or obviously the election,
10:35
Speaker 8: that's a bit tight. Things like well, I'm not am
10:40
Speaker 8: I going to be able to rent the property? The
10:42
Speaker 8: rental market is a bit tight at the moment, and
10:45
Speaker 8: that's sort of bringing the affordability down to an achievable
10:49
Speaker 8: level for some people for rents. But are rent's going
10:52
Speaker 8: to fall further and they may do so it's biggest
10:56
Speaker 8: picture of things that are concerning investors at the moment.
11:00
Speaker 8: Also in some areas things are fine. So if you
11:02
Speaker 8: go down the bottom of the South Island, I think
11:05
Speaker 8: that the rental market there is much stronger and some
11:08
Speaker 8: investors are much more active.
11:11
Speaker 2: How worrying is that interest deductibility thing from labor? I mean,
11:15
Speaker 2: we've talked about this before and you know your reckonss
11:18
Speaker 2: and maybe they'll bring back fifty percent. I mean, if
11:21
Speaker 2: you're looking, if you're weighing up investment options, as you say,
11:24
Speaker 2: there's a whole bunch of things you think about, But
11:25
Speaker 2: how much of a worry or drag is that one.
11:29
Speaker 8: Interestedductability? And you're right, Ryan, it really does look like
11:33
Speaker 8: Labor are going to remove it again or at least
11:34
Speaker 8: fifty percent. It's a huge worry and just with any business,
11:41
Speaker 8: if you suddenly couldn't deduct one of your major expenses.
11:44
Speaker 8: That really changes the economics of it. So, yes, there
11:47
Speaker 8: are people and I know totally and this isn't hard evidence,
11:51
Speaker 8: but I know people who are selling a few properties
11:54
Speaker 8: if they've got more than one, just to get ahead
11:57
Speaker 8: of things, to encase the election goes Labour's way and
12:01
Speaker 8: the factibilities removed. It is a really big concern.
12:06
Speaker 2: Matt, appreciate your time this morning. Thanks for being with me.
12:08
Speaker 2: Matt Ball Property Investors Federation twenty two minutes after five,
12:11
Speaker 2: Ray and Bridge, So in New Zealand. You know they're
12:15
Speaker 2: in a They had it announced yesterday, suspended earnings guidance
12:19
Speaker 2: because of the unprecedented volatility in the global jet fuel markets.
12:23
Speaker 2: So then the question is what do they do? Do
12:25
Speaker 2: they cut flights? Do they what do they do? Well,
12:28
Speaker 2: look at Cathay Pacific and how much price increases are
12:32
Speaker 2: happening over there, because I mean that's quite a specific
12:34
Speaker 2: example because you have a whole bunch of particularly ossie
12:38
Speaker 2: travelers going to the UK going to Europe connecting through
12:42
Speaker 2: the golf. Obviously can't connect through the golf because Emirates
12:46
Speaker 2: not really, I mean that up a little bit operating,
12:49
Speaker 2: but it's limited operations, a fraction of their normal schedules.
12:53
Speaker 2: It Hard and Kata Airways the same thing, and so
12:55
Speaker 2: then people are going, well, let's go through Asia, let's
12:57
Speaker 2: go through America. And Pacific is now selling seats apparently
13:02
Speaker 2: from Sydney to London. Get wait for this, forty five
13:05
Speaker 2: thousand dollars return for a business class seat, which is
13:09
Speaker 2: well above what you would pay to fly on a
13:13
Speaker 2: first class for Cathay Pacific. So there's obviously a real
13:17
Speaker 2: squeeze on demand there and the prices are responding. Twenty
13:21
Speaker 2: three minutes after five, News Talks VB.
13:23
Speaker 1: The early edition full show podcast on iHeartRadio Power by Newstalk.
13:28
Speaker 2: ZIB News Talk ZB. It is twenty five minutes after five.
13:33
Speaker 2: Where in the world is Nickel Ravashanka. You've got a
13:36
Speaker 2: feel a bit for the New Zealand boss, don't you.
13:38
Speaker 2: He is in the hot seat and he is sweating.
13:41
Speaker 2: If ever there was a poison chellice, that guy is
13:44
Speaker 2: drinking from it. He is glugging it back. He's drowning
13:47
Speaker 2: in it. Poor thing. They've suspended their guidance after the
13:50
Speaker 2: avgas price went nuts doubled on Iran that's after announcing
13:55
Speaker 2: that loss of sixty million dollars for the half year,
13:57
Speaker 2: and now they're hiking prices apparently this is according to
14:01
Speaker 2: stuff up to ninety dollars on international fares and reportedly
14:06
Speaker 2: reportedly because they haven't confirmed this yet, looking at cutting
14:09
Speaker 2: some roots as well, looking at cutting some costs. On
14:12
Speaker 2: top of that, you got David Seymour barking loudly about
14:15
Speaker 2: selling half of you off. His problems and this is
14:19
Speaker 2: the problem with all the New Zealand bosses are financial.
14:22
Speaker 2: The implications very political. You know, it is the national carrier,
14:27
Speaker 2: after all, it's up there with the PM, it's up
14:29
Speaker 2: there with the all Blacks coach at NZR in terms
14:34
Speaker 2: of profile and criticism in New Zealand. But when the
14:37
Speaker 2: going gets tough, you got to front. If an inz
14:40
Speaker 2: X update of the kind that we saw yesterday was
14:42
Speaker 2: put out by the CEO of a company not half
14:45
Speaker 2: owned by voters, then you'd probably get away with no
14:47
Speaker 2: public interviews. Talked to some shareholders, but that is not
14:50
Speaker 2: the case for Air New Zealand. I spoke to Greg
14:53
Speaker 2: Fourhan the other day, another in New Zealand boss, who
14:55
Speaker 2: timed his landing into the job quite terribly COVID and
15:00
Speaker 2: thanked him at the end, I said thank you for
15:02
Speaker 2: always because he did. He would always front up to
15:05
Speaker 2: the public as far as I can remember anyway, never
15:08
Speaker 2: really felt irked by it. Always front up to the public,
15:10
Speaker 2: always come in for an interview when the going got tough.
15:13
Speaker 2: Over the years, he made himself very available. Didn't really
15:16
Speaker 2: matter whether the news was good or bad. And there
15:18
Speaker 2: was plenty of bad engine issues, prices, COVID, travel refunds,
15:23
Speaker 2: remember all that stuff. So whether it was good or bad,
15:27
Speaker 2: Greg was generally there, which begs the question, as the
15:30
Speaker 2: airline faces new headwinds, where in the world is nicol
15:34
Speaker 2: Ravashenka brig be the G seven finance meeting Finance Minister's
15:40
Speaker 2: meeting we talked about yesterday. Well, then the energy ministers
15:43
Speaker 2: got together, they had a little hui and they decided
15:47
Speaker 2: the same thing basically as the finance ministers.
15:49
Speaker 7: If we are facing crisis, if we are facing disruptions.
15:52
Speaker 1: Of supply, so that's exactly where we can.
15:58
Speaker 7: Intering. We are not a seeing any structural shortage of
16:03
Speaker 7: supply are.
16:05
Speaker 2: Going forward, So basically what they're saying is at this
16:08
Speaker 2: stage things aren't bad enough for us to do anything
16:11
Speaker 2: and release the reserves into and the price is coming
16:14
Speaker 2: down to it's back in the eighties. Brent Crude Overnight. Voltswagen.
16:19
Speaker 2: We're going to talk to Gavin Gray out of the UK,
16:21
Speaker 2: coming up after the news at five point thirty, because
16:23
Speaker 2: Voltswagen has said it's going to cut fifty thousand jobs
16:26
Speaker 2: in Germany. This is by twenty thirty. Their profits are
16:30
Speaker 2: dropping lowest level since twenty sixteen. The problem that they've
16:33
Speaker 2: got is well they're not selling enough cars and the
16:38
Speaker 2: competition from the Chinese EV manufacturers again hitting them. So
16:43
Speaker 2: we'll talk to Gavin about that shortly. And staying on
16:46
Speaker 2: the roads for a second. An sorry, an z's trachometer
16:50
Speaker 2: or truck ameter. I'm never really sure how to say it,
16:53
Speaker 2: but there you go. You've get you both versions this
16:55
Speaker 2: morning that's come up. This is for February. So the
16:58
Speaker 2: light traffic index was up two and a half percent
17:01
Speaker 2: in February from January. That means it's up four and
17:03
Speaker 2: a half percent from a year ago, so that's good.
17:05
Speaker 2: There's more traffic on the roads, which means there's more
17:07
Speaker 2: activity going on. And your heavy traffic index, that's your
17:11
Speaker 2: trucks up two point four percent for the month, same
17:15
Speaker 2: for annual. So all heading in the right direction and
17:19
Speaker 2: that is up for now. Always the caveat when there's
17:23
Speaker 2: a wall going on in the Middle East. Twenty nine
17:26
Speaker 2: after five News Talks at B, we're live to the
17:29
Speaker 2: UK next.
17:39
Speaker 1: The news you need this morning and the in depth
17:42
Speaker 1: analysis early edition with Ryan Bridge and one Route Love
17:47
Speaker 1: where you live News Talks B.
17:56
Speaker 2: Good morning and welcome to Wednesday. If you're just joining us.
17:59
Speaker 2: As twenty four away from six, the HMS drag In
18:02
Speaker 2: the navy vessel is currently setting sale all the live
18:05
Speaker 2: cameras on it leaving the UK at the moment for
18:07
Speaker 2: the med heading towards Cyprus. We'll talk to Gavin Gray
18:10
Speaker 2: out of the UK shortly and COVID job jabs before six.
18:14
Speaker 2: Over in Australia, Have you been to the Twelve Apostles?
18:17
Speaker 2: Have been to see the twelve Apostles in Victoria? There's
18:19
Speaker 2: actually this is the limestone stacks, very famous. You'll know
18:23
Speaker 2: if you haven't been there, you would have seen photos
18:25
Speaker 2: of them. There's actually only seven of them left, so
18:28
Speaker 2: it's a bit of a you know, it's false advertising
18:32
Speaker 2: really at this point isn't it when you've only got
18:34
Speaker 2: seven of the twelve? Anyway, the twelve Apostles. They're doing
18:37
Speaker 2: a new visitor center there. And the reason I raised
18:39
Speaker 2: this is, you know how we always have a debate
18:41
Speaker 2: in New Zealand do we charge enough of our foreign
18:44
Speaker 2: tourists to see such beautiful things? You know, why aren't
18:48
Speaker 2: we charging people to see the boulders for example? Well,
18:51
Speaker 2: they're going to do it in Australia in Victoria. They
18:53
Speaker 2: have a new visitor center coming. One hundred and fifty
18:56
Speaker 2: million dollars they have spent on this visitor center, so
18:59
Speaker 2: it's probably gold plated and it's opening by the end
19:03
Speaker 2: of the year. They're going to charge people, they're not
19:05
Speaker 2: quite sure yet how much. But when you look at
19:08
Speaker 2: stories like that, is that going to put people off
19:11
Speaker 2: going there?
19:12
Speaker 8: No?
19:12
Speaker 2: I mean people pay a lot of money to go
19:14
Speaker 2: to a museum, don't they. You go see the mona
19:16
Speaker 2: Lisa half smile while a whole bunch of tourist take
19:19
Speaker 2: photos that you can barely see it. So why would
19:22
Speaker 2: you not pay a few bucks to see some of
19:23
Speaker 2: our beautiful landscapes and features in New Zealand. I think
19:27
Speaker 2: they were twenty two to and the Aussies clearly think
19:30
Speaker 2: so too. Twenty two to six pm.
19:32
Speaker 5: Bridge to our.
19:33
Speaker 2: Reporters around the country, starting with Jamie. Good morning, Jamie,
19:37
Speaker 2: Good morning, Ryan. You've got a rear open ended jail
19:40
Speaker 2: term there, yees.
19:42
Speaker 9: So, police are pleased with the sentence handed down to
19:44
Speaker 9: the man who attacked a student in her flat. Keith
19:48
Speaker 9: wex Kens entered a Queen Street home in February last
19:51
Speaker 9: year and sexually violated a young woman for about twenty minutes,
19:54
Speaker 9: injuring her neck and wrists, and he's been previously jailed
19:57
Speaker 9: for abusing children. Seven year old was sentenced to a
20:01
Speaker 9: minimum term of seven years and three months before he
20:04
Speaker 9: can go before the parole board. Detective Sergeant Reeseman Rowe
20:08
Speaker 9: says this is a positive outcome for the victims as
20:11
Speaker 9: this man caused harm to not only them but the
20:14
Speaker 9: wider community.
20:15
Speaker 2: How's your weather find them?
20:17
Speaker 9: High cloud developing this evening Northeast leis in a.
20:20
Speaker 2: High of eighteen nice one, Jamie, thank you, Good morning, Claire,
20:23
Speaker 2: good morning. What's going on at the hospital?
20:26
Speaker 10: Ah, what's not going on at christ Church Hospital? It's
20:28
Speaker 10: pretty concerning May March and we're well ahead of the
20:32
Speaker 10: winter bust. But we already have christ Church Hospital really
20:35
Speaker 10: struggling today. We know that the neonatal Intensive Care unit
20:39
Speaker 10: is bursting at the seams. This comes as the ED
20:42
Speaker 10: saw an average of four hundred and twenty three patients
20:45
Speaker 10: a day over the weekend. That's twenty two patients more
20:48
Speaker 10: than the weekend before, and thirty five more compared to
20:51
Speaker 10: the same time last year. We've spoken with nurses organization
20:55
Speaker 10: delegates to al Diachen, who says it's not only emergency
20:58
Speaker 10: department at christ Church Hospital there it can't keep up
21:01
Speaker 10: with capacity. The neonatal Intensive care unit, where very unwell
21:05
Speaker 10: or premature babies go, is also struggling. He says it
21:09
Speaker 10: very much seems that Health New Zealand and the government
21:11
Speaker 10: don't want to forward plan when it comes to public health.
21:14
Speaker 10: We do have a call out with Health en z
21:15
Speaker 10: but I'm still awaiting response right.
21:17
Speaker 2: Hopefully that gives them the hurry along.
21:19
Speaker 10: Hash Your weather clearing to fine early this morning, northeasterly
21:23
Speaker 10: strong for Banks Peninsula and high eighteenth.
21:25
Speaker 2: All right, thank very much, clear Max and Wellington morning, Max.
21:28
Speaker 5: Good morning.
21:29
Speaker 2: Tell us about your marble bust.
21:31
Speaker 11: Yeah, So Victoria University has found itself in something of
21:35
Speaker 11: a global antique drama. It owns a large marble bust
21:39
Speaker 11: of a woman from Italy dating something around one hundred
21:43
Speaker 11: to two hundred AD. Very proud of this artifact the
21:46
Speaker 11: university purchased more than twenty years ago.
21:48
Speaker 2: Turns out it's stolen loot.
21:50
Speaker 11: It had previously been illegally dug up and traded on
21:53
Speaker 11: the black market and somehow made its way to a
21:56
Speaker 11: legal seller and then to Wellington. Yeah, twenty three years ago,
22:01
Speaker 11: someone in Italy apparently recognized this thing, contacted Italian authorities.
22:05
Speaker 11: Italian authorities matched an old polaroid they had of this
22:08
Speaker 11: big old woman's head, and now the university is having
22:11
Speaker 11: to ship it back. These polaroids, incidentally, are often taken
22:15
Speaker 11: by criminal excavators when they do dig up artifacts that
22:19
Speaker 11: aren't theirs to dig up, and these polaroids are often
22:21
Speaker 11: what seized by authorities and authorities scan you know, global databases.
22:26
Speaker 11: New Zealand signed up to these UNESCO rules established in
22:31
Speaker 11: nineteen seventy regarding artifact repatriation in two thousand and seven,
22:35
Speaker 11: so there is something of a global legal framework to
22:37
Speaker 11: do this. They have to return it to Italy fascinating.
22:40
Speaker 2: Do we know who it is or no?
22:43
Speaker 11: Just it would have been a rich woman who paid
22:45
Speaker 11: someone to make some oversized marble bust of her head.
22:53
Speaker 11: All right, and it's going home mostly fine today with
23:00
Speaker 11: later wins twenty.
23:04
Speaker 12: There's probably someone really well known there in Italy, some rough.
23:09
Speaker 10: Some.
23:10
Speaker 2: Rendo. God. Everything he says is funny. It is neither
23:16
Speaker 2: a new bait has been used to tickle the yellow leged.
23:20
Speaker 2: This bloody hornets English horner just is not going anywhere.
23:26
Speaker 12: So yes, this is an update, though I know that
23:28
Speaker 12: you'd be wanting to hear about this, this new bait
23:31
Speaker 12: Auckland's north shore. So what we can say is that
23:35
Speaker 12: the biosecurity teams they're going to roll out. It's locally developed.
23:39
Speaker 12: It's called vespects and it's there to assist with the
23:42
Speaker 12: current EF. It's you know, to trap these pests. And
23:45
Speaker 12: it's a bit like the drone thermal imaging. So it's
23:48
Speaker 12: another one onto that. Now I'm being told that the
23:51
Speaker 12: bait it won't harm native species. It's going to be
23:54
Speaker 12: laid in the outer zone soon and then move into
23:57
Speaker 12: those higher areas with the higher concentration of the hornets.
24:00
Speaker 12: Mike Ingalls is the MPI North Commissioner. He says, look,
24:05
Speaker 12: they're committed. They want to get this thing, you know, sorted.
24:09
Speaker 12: And he says, since November apparently one hundred nests have
24:12
Speaker 12: been found in that sinks and it's terrible.
24:14
Speaker 2: They've got to find them and they've got to crush them,
24:16
Speaker 2: and they've got to kill them and get rid of
24:18
Speaker 2: them because they'll destroy well, they'll destroy honey. That's yes,
24:21
Speaker 2: that's really bad. That's happened in Europe. So they've got
24:23
Speaker 2: to get rid of them.
24:24
Speaker 3: The've got to get rid of them.
24:25
Speaker 2: Whatever they got to do, they got to get rid
24:26
Speaker 2: of them. How's our weather?
24:28
Speaker 12: Isolated chowers tuning to rain everywhere by the afternoon here
24:31
Speaker 12: in Auckland. Twenty one is a high here in Auckland.
24:34
Speaker 2: Do you know what we need to do is actually
24:36
Speaker 2: is eyeball these things because every time at my house,
24:39
Speaker 2: when I see even if it's a bee, it's a hornet.
24:42
Speaker 2: It's one of those hornets.
24:43
Speaker 3: You probably see a fly.
24:44
Speaker 2: You go, there's I do, right? Thanks seventeen to six
24:48
Speaker 2: News talks Bee Gavin Gray. Next News Talks to be
24:51
Speaker 2: it is quarter to six. Ryan and New Zealand have
24:54
Speaker 2: they not hedged their fuel position, fair rises and root
24:57
Speaker 2: cuts coming suspiciously quicked during this crime. Yeah. This is
25:01
Speaker 2: from Dan Morning. Dan. Yeah, apparently they did hedge, and
25:04
Speaker 2: they do hedge obviously, but some of those have come
25:06
Speaker 2: off just recently, so it's like bad timing. Bob says,
25:10
Speaker 2: you need to be careful with tourist pricing. Ryan, this
25:13
Speaker 2: is after what they're doing in Victoria with the twelve Apostles.
25:16
Speaker 2: Very easy to price yourself out off the market. I
25:18
Speaker 2: don't think we're even close to doing that yet, just personally.
25:22
Speaker 2: And another from Grant. This is on the Christ. Gd's
25:24
Speaker 2: really clear story, boozy place to go at the moment
25:27
Speaker 2: the christ jut ged apparently, and you've got super Rugby
25:30
Speaker 2: coming up. You've got the opening of the stadium, Edie,
25:33
Speaker 2: you'll beginning a workout.
25:35
Speaker 1: International correspondence with ends and eye insurance, peace of mind
25:39
Speaker 1: for New Zealand business.
25:41
Speaker 2: Volkswagen's going to cut fifty thousand jobs in Germany. Gavin
25:44
Speaker 2: Gray are UK Europe correspondent with Uskevin, so what do
25:47
Speaker 2: we know?
25:48
Speaker 3: Yeah, this is an extensive bit of trimming of the
25:51
Speaker 3: workforce and it is because the largest car maker in
25:55
Speaker 3: Europe has seen its post tax profits fall by forty
25:59
Speaker 3: four end in twenty twenty five, nearly a half in
26:02
Speaker 3: cut it's going to fall. These cuts are going to
26:05
Speaker 3: fall across the entire group, and that includes of course Volkswagen,
26:09
Speaker 3: but Audi and Porsche as well. The profits are now
26:13
Speaker 3: the lowest level since twenty sixteen. The firm reckons it'll
26:16
Speaker 3: get back into profit next year, but not by very much.
26:19
Speaker 3: So why is it having a tough time? Well, US
26:22
Speaker 3: imports twenty five percent tariff on car imports. Donald Trump
26:26
Speaker 3: slapped that on those, and then they've got very very
26:29
Speaker 3: strong competition from China. And the problem with that is
26:33
Speaker 3: China is selling more and more in Europe and Europe
26:38
Speaker 3: is able to sell less and less in China. So
26:40
Speaker 3: that's a real problem for Volkswagen. Plus high restructuring costs
26:44
Speaker 3: as they look to shift from normal petrol and diesel
26:48
Speaker 3: engines to electric vehicles.
26:49
Speaker 2: And you've got not one but two navy vessels now
26:51
Speaker 2: heading to the eastern mid.
26:54
Speaker 3: Yes, I think this is clearly the criticism has stung
26:56
Speaker 3: the government. Within the last hour, the British war HMS
27:00
Speaker 3: Dragon has finally left Portsmouth. It's heading to Cypress. Of course,
27:04
Speaker 3: Cypress is where there's an RAF base called at CRITERII,
27:08
Speaker 3: and that the runway there was hit by a drone
27:11
Speaker 3: from Iran more than a week ago, and it's taken
27:14
Speaker 3: the government this long to get a ship on the way,
27:16
Speaker 3: something which Donald Trump has scorned over the last few days.
27:20
Speaker 3: But that is the first major warship in the Mediterranean
27:25
Speaker 3: region from the Ran Navy. And also they're going to
27:28
Speaker 3: be deploying another ship as well, they've announced that's been
27:30
Speaker 3: announced today and our FA, a Royal Fleet Auxiliary, the
27:34
Speaker 3: Lime Bay, is being prepared for deployment. That is very different.
27:37
Speaker 3: It is not a type forty five destroyer like HMS
27:40
Speaker 3: Dragon that first vessel I talked about. It's more of
27:43
Speaker 3: a sort of supply ship, more of a ship to
27:45
Speaker 3: help other ships get kitted out and get all the
27:48
Speaker 3: stuff they need to be in place. So perhaps this
27:52
Speaker 3: will dull some of that criticism about Secure Starmer's management
27:55
Speaker 3: of the crisis in Iran. Others are saying it's far
27:58
Speaker 3: too little, too late.
28:00
Speaker 2: Gavin, appreciate your time, Gavin Gray are UK europe correspondent.
28:03
Speaker 2: It is eleven away from six Brillant Bridge, so we've
28:06
Speaker 2: got the COVID report Phase two. It's come out. Royal
28:08
Speaker 2: Commission found Cabinet kept Auckland in a lockdown nearly a
28:11
Speaker 2: week longer than Nashalley Bloomfield had advised, though Tippy is
28:15
Speaker 2: now disputing the exact sequencing of that review. Also says
28:20
Speaker 2: advice on vaccines for under eighteen's was missed. Matthew Hag
28:23
Speaker 2: is a lawyer who defended the client who didn't want
28:26
Speaker 2: a COVID JAB and joins us this morning. Good morning, Matthew,
28:29
Speaker 2: good morning, Right. What's your reaction to the report.
28:33
Speaker 6: It's well, I'm not really being surprised, to be honest.
28:37
Speaker 6: The things that are in the report were being said
28:40
Speaker 6: at the time by many people, and I think what's
28:44
Speaker 6: disappointing is at the time those people who were saying
28:48
Speaker 6: those things were ostracized by the government. They were inconsistent
28:52
Speaker 6: with the one source of truth that the government were
28:55
Speaker 6: putting out at that time and portrayed as these uncuring,
28:59
Speaker 6: unthinking people. And the report, I think confirms that in
29:01
Speaker 6: many aspects that's not the case.
29:03
Speaker 2: Is this Are you talking about the second dose for
29:05
Speaker 2: young people in the myocarditists risk, etc.
29:09
Speaker 6: I am, And also I'm talking about aspects of the
29:11
Speaker 6: mandates and the extended lockdown and testing problem is.
29:16
Speaker 2: That we if we all have to agree on what
29:18
Speaker 2: we do next time, is anyone going to agree on anything?
29:21
Speaker 2: You know, Like, that's what it's saying that we should do,
29:23
Speaker 2: is have some kind of plan. But then whatever plan
29:27
Speaker 2: we come up with just get thrown out the window,
29:29
Speaker 2: doesn't it.
29:30
Speaker 6: That's exactly right. We had a pandemic emergency planned from
29:33
Speaker 6: the nineties and that was thrown at the window. You're
29:36
Speaker 6: absolutely right. Look, there's nothing to stop in future governments
29:40
Speaker 6: from doing the same thing. But I think this report
29:43
Speaker 6: is a good thing because it does shine the light
29:44
Speaker 6: on some of those some of the flaws, and I
29:47
Speaker 6: don't think people expect the section, but we need to
29:51
Speaker 6: be introspective, we need to refect on things carefully. One
29:54
Speaker 6: of the recommendations of the report is the introduction of
29:57
Speaker 6: primary legislation to better protect rights in relations to some
30:02
Speaker 6: of those mandates and interesting in lockdowns, and I think
30:05
Speaker 6: that's a good idea.
30:06
Speaker 2: There was also some interesting numbers in there about about
30:08
Speaker 2: how many people didn't get the job and therefore lost
30:12
Speaker 2: their job and that kind of drag on their employment.
30:16
Speaker 6: Even today, there are teachers principles, Police officers, members of
30:24
Speaker 6: the forces that are still without a job and we'll
30:28
Speaker 6: probably never go back, which is really sad, not just
30:30
Speaker 6: for them and their families, but for communities. And I
30:34
Speaker 6: think we do need to affect as society on those
30:37
Speaker 6: professions that we hold up highly as people who serve
30:39
Speaker 6: our community, but we turn our backs on them when
30:43
Speaker 6: they need society to protect them in their basic human rights.
30:46
Speaker 2: Appreciate your time, Matthew. Matthew Hague, lawyer. He defended the
30:49
Speaker 2: client who didn't want to covid JAB talking about the
30:51
Speaker 2: report out yesterday, it is eight minutes away from six
30:55
Speaker 2: News Talks mic is with us.
30:56
Speaker 1: Next the first Word on the News of the Day
31:00
Speaker 1: early edition with Ryan Bridge and One Route Love Where
31:04
Speaker 1: You Live News Talks.
31:06
Speaker 2: AB News Talks had be six minutes away from six
31:09
Speaker 2: in New Zealand is reportedly, and we haven't actually had
31:12
Speaker 2: this from them directly because they keep palming us off,
31:14
Speaker 2: but reportedly their economy fears are going up by ten
31:17
Speaker 2: dollars one way on domestic routes, twenty on short haul international,
31:22
Speaker 2: and then up to ninety on long haul trips. This
31:25
Speaker 2: is obviously to do with the price of aviation fuel
31:28
Speaker 2: jet fuel, which is eighty five US dollars a barrel.
31:32
Speaker 2: That's what they thought it would be and it surged
31:34
Speaker 2: two one hundred and fifty to two hundred. Although he
31:36
Speaker 2: has come back, as we heard from drain Em Andy
31:38
Speaker 2: from Chathams this morning, it is well coming up to
31:41
Speaker 2: five to six Bridge Bridge and Mike's in the studio
31:45
Speaker 2: with us. Good morning, Mike morning.
31:46
Speaker 5: Quantus has done the same thing.
31:48
Speaker 2: Yeah, I know they're all doing it.
31:50
Speaker 5: Well, why wouldn't you.
31:51
Speaker 2: Did you see the Cafe Pacific flight that I heard
31:53
Speaker 2: you talk.
31:53
Speaker 4: About that they're an expensive airline at the best of time,
31:56
Speaker 4: forty five grand. Yeah, I'm going to make going to
31:59
Speaker 4: London was going through emmer Its first as in class
32:02
Speaker 4: and so they canceled that obviously, and so they're going
32:05
Speaker 4: business within New Zealand, Auckland, New York, New York, London, London,
32:08
Speaker 4: back to America, so sort of around the world in business.
32:10
Speaker 5: And that was thirty three thirty four.
32:12
Speaker 2: Okay, and that was last minute that.
32:14
Speaker 4: That was as in this week on next week, I
32:16
Speaker 4: can't remember, And normally you do that for twelve or thirteen.
32:19
Speaker 5: Yeah, so it's three times what it was.
32:21
Speaker 2: But here's what could always fire economy. I suppose couldn't know.
32:24
Speaker 2: You couldn't.
32:25
Speaker 4: But here's the interesting thing about it. We know that
32:27
Speaker 4: people will pay the price. No point complaining about it. Yeah,
32:30
Speaker 4: most travel is discretionary. If you don't want to pay it,
32:33
Speaker 4: don't go as simple as that. And what we've learned
32:35
Speaker 4: post COVID is people will buy, literally, spend literally anything
32:39
Speaker 4: to travel. They cannot spend enough money on travel, and
32:42
Speaker 4: they've never spent more than they have at the front
32:43
Speaker 4: of the plane. At the moment, the money being made
32:45
Speaker 4: at the front of the plane is eyewatering.
32:48
Speaker 2: Did you read that business test piece yesterday about they
32:50
Speaker 2: should have a first class offering for Air New Zealand?
32:54
Speaker 4: All that from me now? I said that two weeks ago.
32:58
Speaker 4: This is a massive miss from a New Zealand. And
33:01
Speaker 4: see we've got this thing in this country where.
33:03
Speaker 2: Come a long way and then you pay so much
33:05
Speaker 2: to stay here in a nice Queenstown. Couldn't agree more.
33:08
Speaker 4: We've got this, this this little myopic view in New
33:10
Speaker 4: Zealand that we don't like rich people, we don't like
33:13
Speaker 4: the idea that people can afford first class. But just
33:16
Speaker 4: look at look at Emirates look at Singapore, look at Ettyard,
33:19
Speaker 4: look at Quitar.
33:20
Speaker 5: They all offer.
33:23
Speaker 2: Think that attitude is changing a little bit. Though. Now
33:25
Speaker 2: we've got and do you know what's changing. It is
33:28
Speaker 2: we've got the visas, and we've got these Americans coming,
33:30
Speaker 2: and the Americans are buying large liberals. They're Democrats, they're
33:34
Speaker 2: not Republicans.
33:36
Speaker 4: And so Ford to fly first class doesn't mean you're
33:38
Speaker 4: a conservative oil layhold, you know what I mean. But
33:41
Speaker 4: that's what people think. That's right, and so so I
33:44
Speaker 4: would like and we miss that. So your business, your
33:46
Speaker 4: rejuve of the New zealand their business lucks.
33:50
Speaker 5: Is first class light.
33:52
Speaker 4: It's okay, but if you had a choice.
33:54
Speaker 5: You'd fly another airline. Okay.
33:57
Speaker 2: Anyway, this is all stuff that I have to look
33:59
Speaker 2: forward to later in life. Desperation, desperational right there.
34:04
Speaker 4: I would tell you that Chris Hipkins is on the program,
34:07
Speaker 4: but I fear people turn off.
34:09
Speaker 2: He may or may not be. See tomorrow.
34:13
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:16
Speaker 1: to News Talks. It'd be from five am weekdays, or
34:19
Speaker 1: follow the podcast on iHeartRadio.