Latest / Early Edition with Ryan Bridge / Full Show Podcast: 14 September 2026
Transcript
- 0:00Speaker 1: The issues, the interviews, and the insight. Ryan Fridge on
- 0:04Speaker 1: Early Edition with Spark for Business. Technology that keeps business moving.
- 0:09Speaker 1: Newstalk ZB.
- 0:10Speaker 2: Good morning, welcome to Monday, six after five. KiwiSaver, if
- 0:13Speaker 2: you're an employer, if you're a boss, how much more
- 0:16Speaker 2: and when? According to the politicians, we'll ask. Gavin's in
- 0:19Speaker 2: the UK for us. The Russians have hit a train
- 0:21Speaker 2: near the Polish-Ukraine border. Boris Johnson had just passed through
- 0:24Speaker 2: the area. We will get an update on the Bank
- 0:26Speaker 2: of England. They're making a rate call this week with
- 0:28Speaker 2: Vicky Price and we'll take a small look at the CRL.
- 0:33Speaker 3: The Agenda.
- 0:33Speaker 2: Monday the 14th of September. OpenAI says it won't go
- 0:37Speaker 2: public this year. Everyone thought they would.
- 0:40Speaker 4: Why?
- 0:40Speaker 2: Online safety. There's a guy who used to work for
- 0:43Speaker 2: both Anthropic and OpenAI who's raising the alarm.
- 0:47Speaker 5: It's not at all an exaggeration to say that the
- 0:49Speaker 5: people who are involved with both founding these companies and
- 0:52Speaker 5: building the tech believe there is a possibility of human extinction.
- 0:56Speaker 5: And many of the people who are sort of deep
- 0:58Speaker 5: in the weeds on actually coding the thing believe that
- 1:01Speaker 5: there is like a greater than 10% chance, or even greater,
- 1:05Speaker 5: some smaller, but they all have different numbers for a
- 1:08Speaker 5: probability that humans might die. And they all keep this
- 1:10Speaker 5: in their head on a daily basis.
- 1:13Speaker 2: He says his number, by the way, is a greater than... 10% chance. Now,
- 1:18Speaker 2: we'll come back to that in a second because there's
- 1:20Speaker 2: two different things going on. Meanwhile, the More Trouble in
- 1:23Speaker 2: Paradise for the Reform UK party, they received a record
- 1:26Speaker 2: £ 72 million in donations over the weekend, two crypto billionaires
- 1:31Speaker 2: putting in 36 mil apiece. Biggest single donation ever given
- 1:36Speaker 2: to a political party in the United Kingdom and more
- 1:40Speaker 2: than was given to all political parties in the last year.
- 1:43Speaker 2: This is the crypto guys. UK Housing Secretary Angela Rayner's
- 1:48Speaker 2: warning the money could still be capped.
- 1:51Speaker 4: You can't buy your way into our democracy. And that's
- 1:55Speaker 4: why the Rycroft Review was set up and we've already
- 1:58Speaker 4: taken action against overseas donations, which will be backdated for
- 2:03Speaker 4: when Rycroft published. Backdated?
- 2:05Speaker 6: Does that mean.
- 2:06Speaker 7: There could be a problem with these reform donations?
- 2:08Speaker 4: As this bill goes through Parliament, we're really clear on
- 2:11Speaker 4: overseas donators and also about those that have recently returned
- 2:15Speaker 4: to the UK. that are also within the scope of
- 2:18Speaker 4: the Rycroft review.
- 2:19Speaker 2: Oh, I see. But if they'd have given it to me,
- 2:21Speaker 2: I'd have taken it probably. Trump's been visiting Ireland, talking
- 2:24Speaker 2: up Irish reunification again. It would seem to me.
- 2:27Speaker 7: That one of the naturals of all time is put
- 2:30Speaker 7: them together.
- 2:31Speaker 6: That's only my opinion.
- 2:33Speaker 7: By the way, many people agree.
- 2:35Speaker 2: Finally, this morning, good result for Liam Lawson overnight. He's
- 2:38Speaker 2: come sixth at the Spanish Grand Prix, achieving his best
- 2:41Speaker 2: result as a Red Bull driver.
- 2:43Speaker 8: It's been good. I mean, obviously, the score points in
- 2:45Speaker 8: a couple of races. I think the speed this weekend,
- 2:48Speaker 8: especially in quali yesterday, was very strong. It's a shame
- 2:50Speaker 8: we couldn't maximize Q3 because I think we had the
- 2:54Speaker 8: potential to have both cars right up there in the
- 2:56Speaker 8: top five. But, yeah, it's a good result from where
- 3:00Speaker 8: we started, so I'm pretty happy.
- 3:01Speaker 2: Antonelli came in first, Verstappen second, and Lando Norris followed.
- 3:08Speaker 1: Get ahead of the headlines on Early Edition with Ryan
- 3:12Speaker 1: Bridge and Spark for Business, technology that keeps business moving.
- 3:16Speaker 1: Newstalk ZB.
- 3:18Speaker 2: Newstalk ZB, it is nine after five. Great to have
- 3:20Speaker 2: your company, 9292, the number to text, and many of
- 3:23Speaker 2: you already doing that. Well, Ryan, not a pip on
- 3:25Speaker 2: the AB Springboks game at the weekend. Well, I did
- 3:28Speaker 2: watch it, I'll have you know. I went to the
- 3:30Speaker 2: Warriors on Saturday, went and had a look at that.
- 3:32Speaker 2: It was great, good fun, apart from the score, obviously,
- 3:35Speaker 2: at the end. Well, it sort of looked like we
- 3:37Speaker 2: might be able to do something and then it fell apart.
- 3:40Speaker 2: And the next one's at Eden Park. And, you know,
- 3:43Speaker 2: if you're a Warriors fan, you don't really like Eden Park,
- 3:45Speaker 2: do you? Does that annoy everybody? I thought what they
- 3:48Speaker 2: could have done, because I was speaking to a guy
- 3:50Speaker 2: from the Warriors, I thought what they could have done
- 3:52Speaker 2: is just charged everybody double for the tickets to keep
- 3:55Speaker 2: it at Mount Smart. Like, if you're a Warriors fan,
- 3:58Speaker 2: would you have preferred to pay double this weekend and
- 4:03Speaker 2: keep it at Mount Smart? Or would you prefer to
- 4:06Speaker 2: have more people at Eden Park and lose the sort
- 4:09Speaker 2: of aura of your stadia? Because that's what's going to happen,
- 4:13Speaker 2: isn't it? Well, I mean, I don't know, but that's
- 4:15Speaker 2: what people are worried about. All my friends who are
- 4:17Speaker 2: Warriors fans are worried about that. The All Blacks on
- 4:20Speaker 2: Sunday morning. Yes, dear listener, I did watch that too. And, well,
- 4:24Speaker 2: I mean, what do you say? We lost the game.
- 4:26Speaker 2: We lost the series. The tour, not great. I thought
- 4:30Speaker 2: the highlights, losing comms and the game falling apart. Everybody's
- 4:36Speaker 2: singing Sweet Caroline. And they were going to start making
- 4:39Speaker 2: phone calls from the sideline to the ref. I don't
- 4:42Speaker 2: know how that would have worked. But anyway, thankfully, they
- 4:45Speaker 2: got their comms sorted again. Amazing to look at how
- 4:48Speaker 2: much money they actually make. Apparently, each... The New Zealand
- 4:52Speaker 2: Rugby Union and South Africa apparently make $ 9 million more
- 4:56Speaker 2: out of a game in America than they do out
- 4:58Speaker 2: of a game in South Africa. So no wonder, and
- 5:02Speaker 2: we will see more and more of them doing this,
- 5:03Speaker 2: which is probably a good thing for the game and
- 5:05Speaker 2: definitely a good thing for the coffers, even if the
- 5:08Speaker 2: scores at the weekend didn't go our way.
- 5:16Speaker 1: The early edition full show podcast on iHeartRadio, powered by
- 5:21Speaker 1: Newstalk ZB. Ryan Bridge on early edition with Spark for Business,
- 5:27Speaker 1: technology that keeps business moving. Newstalk ZB.
- 5:31Speaker 2: 5.13, Ryan. Chinese AI models are standalone, far cheaper and
- 5:35Speaker 2: overtaking open AI and anthropic in the US. The US
- 5:39Speaker 2: models have also run out of cash and are far
- 5:41Speaker 2: from profitable. Quick, boys, pull up the handbrake on all
- 5:44Speaker 2: AI and give the US a chance to catch up,
- 5:46Speaker 2: says Richard. It's sort of interesting what you're saying, Richard,
- 5:50Speaker 2: because I was reading at the weekend about they have
- 5:52Speaker 2: this once a year, they have a big hoo-ha in
- 5:54Speaker 2: Silicon Valley, and it's all hosted by Goldman Sachs, and
- 5:57Speaker 2: they've had that in the last week. And on the
- 5:59Speaker 2: back of all these warnings from the young, the 27-year-old
- 6:03Speaker 2: open AI worker who's been beavering away on all of
- 6:06Speaker 2: the models, who's saying humanity could end, At the same time,
- 6:10Speaker 2: you've got people who, well, the guys with the money,
- 6:14Speaker 2: who are saying, are they actually raising alarm bells, ringing
- 6:19Speaker 2: alarm bells, or are they just trying to talk up
- 6:21Speaker 2: the potential stock price after an IPO? And that's why
- 6:25Speaker 2: it was interesting that we saw this morning that one
- 6:27Speaker 2: of them has said, no, we're not doing an IPO
- 6:29Speaker 2: this year. And this has got nothing to do with that.
- 6:31Speaker 2: They are separate issues. But you have both Anthropic and
- 6:35Speaker 2: OpenAI preparing for potentially record-setting IPOs. $ 1 trillion in value
- 6:42Speaker 2: was the latest Anthropic, the latest capital-raised valuation. It's just
- 6:46Speaker 2: gone 14 after 5. Ryan Bridge.
- 6:48Speaker 5: Right.
- 6:49Speaker 2: Ribbon has been cut on the CRL. 2, 1, thank you!
- 6:56Speaker 2: National wants a dedicated Auckland Transport Police squad of 50
- 6:59Speaker 2: if re-elected.
- 7:00Speaker 6: No Aucklander should feel unsafe catching a train or a bus,
- 7:03Speaker 6: whether they're heading to work in the morning, travelling home
- 7:06Speaker 6: late at night, or simply moving about the city with
- 7:08Speaker 6: their family.
- 7:09Speaker 2: Auckland Councillor Alf Filipaina with me this morning. Alf, good morning.
- 7:13Speaker 9: Ata mātia, Ryan. How are you?
- 7:15Speaker 2: Very well, thank you. Always good to have you on
- 7:17Speaker 2: at Brighton Early, Alf. Tell me, I was speaking to
- 7:20Speaker 2: someone yesterday who was out and about and one of
- 7:24Speaker 2: the national candidates was doing the round and said that
- 7:27Speaker 2: apparently one of the top three issues for central Aucklanders
- 7:33Speaker 2: is safety on public transport.
- 7:37Speaker 9: Yeah, the interesting thing is that it's been around a
- 7:42Speaker 9: couple of years, maybe longer, around getting the government involved
- 7:47Speaker 9: to end up establishing the transport police and there was
- 7:52Speaker 9: pushback from them and now they're going to do it.
- 7:57Speaker 9: I think the police association chief executive sort of put
- 8:06Speaker 9: it right when he mentioned that, look, yes, it'll be
- 8:11Speaker 9: good if the 50x do in fact come in when
- 8:16Speaker 9: the 500 have it. But I personally hope it does
- 8:19Speaker 9: come in because I've been consistent in saying that we
- 8:25Speaker 9: need to protect our community in particular within the CRL
- 8:29Speaker 9: along with the transport officers.
- 8:32Speaker 2: Yeah, worst thing for a CRL patronage is some sort
- 8:37Speaker 2: of stabbing, I would have thought. Hey, how's it going?
- 8:39Speaker 2: Have you been on the train yet?
- 8:42Speaker 9: Well, yes, it did. Sorry, yes, I did. In the morning,
- 8:45Speaker 9: I caught the train from Motahu, and then when we
- 8:49Speaker 9: got to Waitematā, we then got asked to leave because
- 8:54Speaker 9: of the electrical fire. So that was interesting, waiting outside
- 9:00Speaker 9: until everything, when the fans came through to put the
- 9:03Speaker 9: electrical fire out. But it was just so cool to
- 9:07Speaker 9: travel in the first train, through to the town, so yeah,
- 9:12Speaker 9: definitely been on there now, so that's cool.
- 9:14Speaker 2: Nice one. Al Filippino with us, Auckland Councillor, 17 after 5.
- 9:19Speaker 2: Central bankers, we'll be watching them this week, the US, Japan,
- 9:22Speaker 2: the UK, they are all looking at hiking interest rates.
- 9:25Speaker 2: We hiked, of course, the European Central Bank hiked, both
- 9:28Speaker 2: were expected. You've got bond markets burping, you've got oil
- 9:33Speaker 2: prices on the march in the last week, And people
- 9:37Speaker 2: will be watching, particularly America's quite closely, one, because it's
- 9:40Speaker 2: the world's largest economy, but two, will Walsh bend and
- 9:43Speaker 2: crack under the force of Donald Trump for a rate cut?
- 9:47Speaker 2: Or will he persuade the other governors to actually increase
- 9:51Speaker 2: rates on Wednesday? That is happening. So Trump's latest tweet,
- 9:54Speaker 2: the Fed board with its great new leader must get smart,
- 9:57Speaker 2: be patriots for a change, he says. Over in the UK,
- 10:01Speaker 2: Bank of England, well, they're a bit calm, even though
- 10:04Speaker 2: they are above target inflation at the moment. However, I
- 10:08Speaker 2: did note that Andrew Bailey, who was the governor... said
- 10:11Speaker 2: that their mortgage interest rates, which have been going up,
- 10:14Speaker 2: have done some of the work that a rate rise
- 10:16Speaker 2: would be doing anyway. They're expected to hold at 3.75.
- 10:19Speaker 2: Your Bank of Japan, Friday this week, they're expected to
- 10:24Speaker 2: go up a quarter of a point to 1.25%. Of course,
- 10:28Speaker 2: they are historically very low. 19 after 5, Newstalk ZB.
- 10:42Speaker 1: The news you need this morning and the in-depth analysis.
- 10:45Speaker 1: Early edition with Ryan Bridge and Spark for Business. Technology
- 10:50Speaker 1: that keeps business moving. Newstalk ZB.
- 10:52Speaker 9: 5.20.
- 10:53Speaker 2: Anne says, good morning, Ryan. Always thought it odd that
- 10:55Speaker 2: employers fund KiwiSaver to pay for other people's retirement when
- 10:59Speaker 2: some of them can't even afford to pay into KiwiSaver
- 11:02Speaker 2: for themselves. Anne, it's a very good point. We'll put
- 11:04Speaker 2: it to Barbara Edmonds. She's on the show in about
- 11:06Speaker 2: 20 minutes.
- 11:07Speaker 1: Ryan Bridge.
- 11:08Speaker 2: Right now, let's go to Vicky Price, our business correspondent. Vicky,
- 11:11Speaker 2: nice to have you. UK GDP doing better. You're up, what,
- 11:15Speaker 2: 0.4 in July?
- 11:17Speaker 7: Yes, that was quite a surprise. Most economists expected there
- 11:21Speaker 7: would be absolutely no increase in GDP at all in
- 11:23Speaker 7: the month. But what nobody had anticipated was that, in fact,
- 11:27Speaker 7: there are some sectors that are doing better than forecast.
- 11:31Speaker 7: And suddenly they've sort of sprung into life. And a
- 11:34Speaker 7: lot of them have to do, I'm afraid, with AI.
- 11:36Speaker 7: Quite a lot of investment going on in data centres.
- 11:39Speaker 7: And then you've also had general scientific research. of research
- 11:44Speaker 7: activities going on, all linked, if you like, to the
- 11:48Speaker 7: technological developments that are happening all around us. So that
- 11:51Speaker 7: seemed to have kept things going. And then one other factor,
- 11:54Speaker 7: which has been, of course, the World Cup, but not
- 11:57Speaker 7: so much in terms of people spending in pubs and restaurants,
- 12:01Speaker 7: although there was a certain amount of that, but nothing
- 12:03Speaker 7: like as much as expected, but more all the media
- 12:06Speaker 7: around it. So a lot of advertising that, of course,
- 12:09Speaker 7: was going on, people watching on television and And that
- 12:12Speaker 7: has also boosted that sector quite significantly. So that's where
- 12:16Speaker 7: we are. A bit of a surprise. And of course,
- 12:18Speaker 7: it means quite a lot in terms of what the
- 12:19Speaker 7: Bank of England may decide to do when they meet
- 12:22Speaker 7: this week on interest rates, because faster growth may make
- 12:25Speaker 7: them think, well, perhaps we need to raise rates, although
- 12:29Speaker 7: the market generally does not expect them to do so.
- 12:32Speaker 2: But they are expecting more this year, right? So does
- 12:36Speaker 2: it bring the potential for that to come forward a
- 12:38Speaker 2: little bit if you've got oil prices going up and
- 12:40Speaker 2: you've got growth looking relatively better than you thought?
- 12:44Speaker 7: Yes, I think the likelihood of increases in interest rates
- 12:47Speaker 7: have now gone up. So the market is pricing possibly
- 12:50Speaker 7: increases by the end of the year and a few
- 12:52Speaker 7: in 2027, I'm afraid, if things continue as they are,
- 12:56Speaker 7: because there's no doubt that inflation is increasing. I mean,
- 12:59Speaker 7: we've seen what's going on in other parts of the world.
- 13:02Speaker 7: The ones very close to us, of course, the European
- 13:05Speaker 7: Central Bank did raise inflation. interest rate just last week.
- 13:08Speaker 7: And they did make it very clear that they expected
- 13:11Speaker 7: inflation to be continuing its way up and that they're
- 13:15Speaker 7: going to be thinking each time, you know, what is happening,
- 13:19Speaker 7: data dependent, as they said, in terms.
- 13:21Speaker 9: Of their decisions.
- 13:23Speaker 7: But they are still quite low. So at 2.50%, the
- 13:25Speaker 7: ECB is more than 1% below us.
- 13:27Speaker 2: We are at 3.75%.
- 13:28Speaker 7: And then, of course, you've got The Fed in the
- 13:37Speaker 7: US making a decision this coming week, so in the
- 13:40Speaker 7: next few days. So it's all happening at the same time.
- 13:43Speaker 7: Whether the Bank of England will be able to resist
- 13:45Speaker 7: raising rates will be very interesting to see.
- 13:47Speaker 2: Certainly will be. Vicky Price, business. Good to have you on,
- 13:50Speaker 2: as always, for a Monday morning. It's 24 minutes after five.
- 13:54Speaker 2: You've got voting happening in Sweden right now. This is
- 13:57Speaker 2: a pretty high-stakes election because it's close. And does this
- 14:00Speaker 2: sound familiar to you? Because we are essentially in the
- 14:03Speaker 2: middle of an election campaign. It might have started in earnest,
- 14:06Speaker 2: but it's definitely on. Their one has been marred by
- 14:10Speaker 2: personal attacks between leaders. Tick. Accusations of misinformation. Tick. MAGA-inspired ads.
- 14:18Speaker 3: Tick.
- 14:18Speaker 2: We've got a little bit of that happening. There'll be
- 14:21Speaker 2: more of that to come, I can assure you. It's
- 14:24Speaker 2: a very tight race there over in Sweden. One of
- 14:27Speaker 2: the polls showing just 0.3 percentage points between the left
- 14:31Speaker 2: block and the right block. We'll find out results, early indications,
- 14:35Speaker 2: preliminary vote count coming out later this morning, our time.
- 14:38Speaker 2: And you will see whether they have the Sweden Democrats...
- 14:44Speaker 2: Don't be fooled by the name. This is a far-right party,
- 14:46Speaker 2: Sweden Democrats, entering government for the first time. 24 after 5,
- 14:52Speaker 2: Newstalk ZB. Newstalk ZB, it is 26 minutes after 5.
- 14:56Speaker 2: There's a reason we talk a lot on this program,
- 14:58Speaker 2: and we've been doing it a lot this morning, about
- 14:59Speaker 2: bond markets, about growth, about central bank decisions, about wars
- 15:03Speaker 2: in far-flung places, faraway places. There was, and probably still is,
- 15:08Speaker 2: I reckon, a school of thought in this industry that
- 15:10Speaker 2: I'm in that people either don't want or don't understand
- 15:13Speaker 2: financial markets, currencies, and economics. I've always thought that was BS,
- 15:18Speaker 2: and it's why we focus on them a lot. They're
- 15:20Speaker 2: important because they tell a story about where we have been,
- 15:23Speaker 2: and more importantly, what is potentially next for us. People
- 15:26Speaker 2: aren't stupid. Most of the correspondence, the emails, the letters
- 15:30Speaker 2: that I get are from people far smarter than me.
- 15:33Speaker 2: though that is not really saying much about them, probably
- 15:36Speaker 2: more about me. This week, we're getting GDP for Q2.
- 15:40Speaker 2: It's going to show we've gone either sideways or slightly forwards.
- 15:43Speaker 2: If you listen to the Bank Economist, which is better
- 15:45Speaker 2: than backwards, which is where they were picking that we
- 15:48Speaker 2: would go just a few months ago, where the RBNZ
- 15:50Speaker 2: was picking we would go. This is Stats NZ data
- 15:53Speaker 2: and is, of course, itself backwards looking. It'll show us
- 15:57Speaker 2: where we've been. For a look at where we're going,
- 15:59Speaker 2: we had the PMI. That's the manufacturing index on Friday.
- 16:02Speaker 2: It was off slightly July to August, but still an
- 16:06Speaker 2: expansion and still above the long-term average. This is a
- 16:10Speaker 2: good thing. What's more, it tells us that Ford orders
- 16:14Speaker 2: are looking good, which bodes well for Q3. As always,
- 16:19Speaker 2: there is a reason to talk about the numbers, not
- 16:22Speaker 2: just the ones that we will hear about this week,
- 16:24Speaker 2: but the ones which give us the clues about where
- 16:27Speaker 2: we are heading next.
- 16:29Speaker 5: Ryan Bridge.
- 16:29Speaker 2: 28 minutes after 5. 9292 is the number to text. Tesla's,
- 16:35Speaker 2: while we're speaking of numbers, Tesla's got some interesting numbers out.
- 16:38Speaker 2: So share of the US electric vehicle market, because you
- 16:42Speaker 2: know Tesla's people started binning them because Elon Musk came
- 16:45Speaker 2: along and it was no longer trendy. If you were
- 16:47Speaker 2: a lefty in California, it was no longer trendy to
- 16:50Speaker 2: have a Tesla. You go and put it in the bin. Actually,
- 16:53Speaker 2: some of them, just to show the extreme level of
- 16:57Speaker 2: wealth and sort of ignorance, had them carted away and
- 17:02Speaker 2: videoed them being carted away on trucks. Oh, I couldn't
- 17:05Speaker 2: possibly abide an Elon Musk car. It's like, that is
- 17:08Speaker 2: an electric vehicle supposed to save the planet, and you're
- 17:11Speaker 2: putting it in the bin? Anyway, Tesla's share of the
- 17:14Speaker 2: EV market up to 52% in 2026 through to August.
- 17:19Speaker 2: That's up from 43% a year earlier. But what's really
- 17:22Speaker 2: happening here is that the EV market is just bottoming out.
- 17:26Speaker 2: Tesla sales overall in the U.S. down 16%. The broader
- 17:31Speaker 2: EV market down 30%. So, yes, they have more, but
- 17:36Speaker 2: it's more of less, not necessarily because they are hot again.
- 17:41Speaker 2: News Talks FB. We're in the U.K.
- 17:43Speaker 5: Next.
- 17:57Speaker 2: Hear it first.
- 17:59Speaker 1: Ryan Bridge on early edition with Spark for Business, technology
- 18:03Speaker 1: that keeps business moving.
- 18:04Speaker 2: Newstalk ZB.
- 18:05Speaker 4: 24 away from 6 here on Newstalk ZB.
- 18:15Speaker 2: Great to have you coming this Monday morning. We'll have
- 18:17Speaker 2: a look at why Labour is not bringing back the
- 18:20Speaker 2: government contribution of 521 bucks a year to KiwiSaver. spoiler alert,
- 18:26Speaker 2: they can't afford it. And they're finally admitting that there's
- 18:30Speaker 2: just some things they can't afford. Also, they're going to
- 18:33Speaker 2: put a ban on total remuneration contracts. You know, when
- 18:36Speaker 2: you go for a job and it says, yeah, I'll
- 18:37Speaker 2: pay you 100k, but that 100k includes your KiwiSaver contribution,
- 18:41Speaker 2: which at the moment I think is about three and
- 18:43Speaker 2: a half percent for an employer. They want to ban
- 18:46Speaker 2: those contracts. So what does that mean? That the contract
- 18:49Speaker 2: will just come with a lower headline price, or do
- 18:53Speaker 2: they think this is going to beef up contracts? Barbara
- 18:55Speaker 2: Edmonds in a few minutes' time. It's 23 to 6.
- 18:59Speaker 1: Let's go to our reporters.
- 19:01Speaker 2: Emily Ansell, Dunedin. Emily, good morning.
- 19:03Speaker 3: Good morning.
- 19:04Speaker 2: The coroner has a message for young people after a
- 19:06Speaker 2: story of an Otago uni student.
- 19:08Speaker 10: Yes, the coroner is warning young people not to let
- 19:11Speaker 10: drunk friends sleep it off. The 20-year-old became unconscious after
- 19:14Speaker 10: heavy drinking at a Dunedin party in 2023. The coroner
- 19:18Speaker 10: says he inhaled vomit and died of asphyxia. Party goers
- 19:22Speaker 10: tried clearing his throat, attempted CPR and called an ambulance,
- 19:26Speaker 10: but he couldn't be revived. The coroner says it's a
- 19:28Speaker 10: tragic illustration of the dangers of binge drinking and people
- 19:32Speaker 10: should call 111 when someone's unconscious after drinking.
- 19:35Speaker 2: All right, how's the weather?
- 19:37Speaker 10: Fine with high cloud, light winds with a high of
- 19:39Speaker 10: 18 degrees.
- 19:40Speaker 2: Nice one, thank you. Claire's in Christchurch. Good morning, Claire.
- 19:43Speaker 6: Good morning.
- 19:44Speaker 2: Financial crisis at the zoo.
- 19:46Speaker 11: Yeah, big financial crisis around the park on Friday lifted
- 19:49Speaker 11: the lid on this dire financial situation. A $ 4. 1 million
- 19:53Speaker 11: funding shortfall. Their reserves are due to run out early
- 19:56Speaker 11: in the new year. They're now seeking some support from government, councils, businesses, community,
- 20:01Speaker 11: really anyone who can help them to stay afloat. This
- 20:04Speaker 11: follows those big investigations into allegations of animal deaths and
- 20:07Speaker 11: some unsafe practices at the zoo in 2024. But there's
- 20:11Speaker 11: confidence from the bosses that this financial crisis is not
- 20:14Speaker 11: a result of the reputational damage they suffered. Chief Executive
- 20:18Speaker 11: Rachel Hayden says some of the public were disappointed that
- 20:21Speaker 11: trust is being rebuilt. She says the team want better
- 20:24Speaker 11: for themselves and for the animals and they're up for
- 20:26Speaker 11: this challenge. Meanwhile, Mayor Phil Major says staff are preparing
- 20:30Speaker 11: a report for consideration at an upcoming council meeting.
- 20:34Speaker 2: All right. How's your weather, Clare?
- 20:36Speaker 11: Should be fine today. A bit of high cloud at times. Otherwise,
- 20:38Speaker 11: north-easterlies for a bit this afternoon. The high will be 19.
- 20:41Speaker 6: 19.
- 20:42Speaker 2: You guys are getting warmer, aren't you? I was watching
- 20:44Speaker 2: that last night.
- 20:45Speaker 11: Loving it.
- 20:45Speaker 2: Good stuff, Clare. Thank you, Max from Wellington. Morning, Max.
- 20:48Speaker 6: Good morning.
- 20:49Speaker 2: We're talking about trains up here, but you've got the buses.
- 20:51Speaker 10: Yeah.
- 20:52Speaker 12: Yeah.
- 20:53Speaker 13: There's been a proposal long in the works to turn
- 20:56Speaker 13: one of our, well, a few of our waterfront roads,
- 20:59Speaker 13: the Keys, Custom House and Jervis, as well as part
- 21:02Speaker 13: of Cable and Wakefield streets into dedicated bus lanes. So
- 21:06Speaker 13: siphoning off one lane, making it a dedicated bus lane.
- 21:09Speaker 13: It's sort of a golden mile light. It would cost
- 21:11Speaker 13: about $ 11 million. And it's got the backing of a
- 21:14Speaker 13: regional council committee. They're going to get a business case done.
- 21:17Speaker 13: A lot of concern about this. Councillor Diane Calvert, a
- 21:21Speaker 13: few days ago posted the very lengthy criticism saying it
- 21:24Speaker 13: shouldn't be a priority for anyone in the city right now.
- 21:26Speaker 13: And it won't actually help many bus users. For those
- 21:29Speaker 13: who use the main route, the 24, they don't want
- 21:33Speaker 13: it either. They'd rather go through the middle of the
- 21:35Speaker 13: city rather than around its edges, especially on rainy days
- 21:38Speaker 13: where they'll have to walk a few blocks without cover. Traffic,
- 21:41Speaker 13: you're going to get slower. The keys are often used,
- 21:43Speaker 13: for instance, people trying to get to the hospital. So
- 21:46Speaker 13: $ 11 million for what? A couple extra bus lanes. The
- 21:49Speaker 13: regional council And its explanation says it simply wants more
- 21:53Speaker 13: buses on the roads.
- 21:54Speaker 2: That's their reasoning. Okay. I was thinking about if ever
- 21:58Speaker 2: there was a case for a city that needed an underground,
- 22:01Speaker 2: I mean, the problem is you're not spread out enough,
- 22:03Speaker 2: but it would be Wellington because the weather's so crap
- 22:06Speaker 2: above ground. You know what I mean? Yeah, absolutely. With
- 22:08Speaker 2: that wind and rain, who wants to cycle? Who wants
- 22:10Speaker 2: to walk? Exactly. How was your weather today?
- 22:13Speaker 13: Mostly fine with lighter winds, 15 the high.
- 22:16Speaker 2: All right. Thanks very much, Max. Have a great day.
- 22:18Speaker 2: Jacob Jones is at the CRL this morning. Jacob, good morning.
- 22:22Speaker 3: Morning, Mike.
- 22:23Speaker 2: So what's going on? What are you doing?
- 22:26Speaker 12: Well, I've just got off the train at Avondale. I've
- 22:29Speaker 12: been riding it from Henderson. There's sort of a few
- 22:33Speaker 12: less people than yesterday. Obviously, that was a bit of
- 22:36Speaker 12: a test run, but today's the real test of the
- 22:39Speaker 12: city rail link with people catching it from work and school.
- 22:42Speaker 12: AT will sort of be wanting to avoid yesterday where
- 22:45Speaker 12: there was a small fire at the Waitematā station which
- 22:48Speaker 12: caused disruption. That obviously would have been a lot worse
- 22:51Speaker 12: today with people needing to get to work and school.
- 22:56Speaker 12: And 61,000 people came through yesterday. And, you know, today
- 23:00Speaker 12: it's not as maybe exciting, but this is what the
- 23:02Speaker 12: CRL is really for, to help people get to school
- 23:05Speaker 12: and work. And I spoke to a 76-year-old woman going
- 23:09Speaker 12: to work on the train, and she told me she
- 23:10Speaker 12: just loves it.
- 23:12Speaker 2: Oh, that's nice. She's going to work early?
- 23:14Speaker 9: Yeah, yeah.
- 23:17Speaker 2: So how full was each carriage, would you estimate, Jacob,
- 23:21Speaker 2: at 5.40 in the morning?
- 23:23Speaker 12: It was pretty empty, but as we sort of got
- 23:26Speaker 12: through a few stations, it started to fill up a bit.
- 23:29Speaker 12: But yesterday, it was really pumping.
- 23:32Speaker 2: Yeah, it was. Hey, good stuff, Jacob. Nice to– well,
- 23:34Speaker 2: hang on. How's our weather? Have you had a look
- 23:36Speaker 2: at that?
- 23:37Speaker 12: Yes, cloudy with a few showers until the evening high
- 23:41Speaker 12: of 17.
- 23:41Speaker 2: All right, good stuff. Thanks very much. Jacob Jones with
- 23:43Speaker 2: us from the CRL. He's been on the train this morning,
- 23:46Speaker 2: 19 away from 6. I went on the train myself
- 23:49Speaker 2: yesterday just to have a little look-see. And look, what
- 23:53Speaker 2: can I tell you? I spoke to a friend afterwards.
- 23:56Speaker 2: He said, what was it like? And I said, it
- 23:57Speaker 2: was like going on a train. What more can I
- 24:01Speaker 2: tell you? Yes, it looks nice. It looks like any
- 24:05Speaker 2: other subway system that you would go on around the world.
- 24:07Speaker 2: And you get down there. There's a sign that says
- 24:12Speaker 2: Mind the Gap. You get on the train. The train moves.
- 24:15Speaker 2: You get off the train. You go to where you're going.
- 24:17Speaker 2: You have lunch. You get back on the train. It's
- 24:19Speaker 2: all very simple. 18 away from six, Newstalk ZB. We'll
- 24:23Speaker 2: go to the UK next. Apparently, the Russians have hit
- 24:26Speaker 2: a train and they hit a track that Boris Johnson
- 24:29Speaker 2: had only moments ago travelled through.
- 24:32Speaker 1: International Correspondence with NZI Insurance. Peace of mind for New
- 24:36Speaker 1: Zealand business.
- 24:38Speaker 6: Quarter to six, Newstalk ZB.
- 24:39Speaker 2: We'll get to Barbara Edmonds from Labour on their KiwiSaver
- 24:41Speaker 2: plan in just a second. First, Gavin Gray's with us,
- 24:43Speaker 2: UK-Europe correspondent. Gavin, always good to talk. though not in
- 24:47Speaker 2: these circumstances. So you've got a Russian hit on a
- 24:50Speaker 2: train near the Ukraine-Polish border.
- 24:54Speaker 14: Yeah, that's right, Ryan. And it was hit, this stationary train,
- 24:59Speaker 14: just a short while after the UK, former UK Prime
- 25:03Speaker 14: Minister Boris Johnson and top European security officials had passed
- 25:06Speaker 14: through that part of the track. Now, no casualties were reported.
- 25:10Speaker 14: All passengers were evacuated. But Boris Johnson and some of
- 25:14Speaker 14: Europe's most senior security advisers, including Jonathan Powell, who's a
- 25:18Speaker 14: very well-known figure around Europe, they passed along that same
- 25:21Speaker 14: line on their way back from a conference in the capital, Kiev. Indeed,
- 25:26Speaker 14: on board another train nearby was the CIA chief, former
- 25:30Speaker 14: CIA chief, David Petraeus. and also the former Swedish Prime Minister,
- 25:34Speaker 14: Carl Bildt, all passing along that track when this other
- 25:38Speaker 14: train was struck. Now, Boris Johnson hit out afterwards saying,
- 25:42Speaker 14: I don't know what warped logic drove Putin to blow
- 25:45Speaker 14: up a stationary Ukrainian locomotive on the Polish border this morning.
- 25:49Speaker 14: When are we going to give them the air defences
- 25:51Speaker 14: that they need? Well, others are beginning to wonder, is
- 25:54Speaker 14: this what Russia meant when they said UK supplying drone
- 25:58Speaker 14: and drone technology was going to lead to a response
- 26:01Speaker 14: from Russia? Either way, plenty of people speculating about what
- 26:05Speaker 14: the motives were, or was it just sheer coincidence? But
- 26:08Speaker 14: the gap in time between the strike and the train
- 26:10Speaker 14: passing containing our former prime minister was not very long, apparently.
- 26:14Speaker 2: Too close for comfort. Hey, what about the fact that
- 26:16Speaker 2: you've got the Europeans weaning themselves off Russian energy and
- 26:22Speaker 2: the energy shortage going to hit this winter?
- 26:26Speaker 5: Yeah.
- 26:26Speaker 1: Yeah.
- 26:27Speaker 14: Big, big possibility that Europe will find itself with not
- 26:31Speaker 14: enough power to keep everyone warm. Now, I mentioned that
- 26:35Speaker 14: the UK national security adviser, Jonathan Powell, was on board
- 26:38Speaker 14: that train. Well, he had earlier given a fairly explosive
- 26:42Speaker 14: interview in which he effectively said that those living in
- 26:47Speaker 14: Europe must be ready to endure real hardship this winter.
- 26:51Speaker 14: if we're going to keep up the economic pressure on Russia.
- 26:54Speaker 14: Very rarely does he give any interviews. Very rarely are
- 26:58Speaker 14: his comments ever reported or made public. But he's basically
- 27:01Speaker 14: saying that, look, we are going to see Russia continuing
- 27:05Speaker 14: to target Ukrainian infrastructure. Europe is facing a severe energy
- 27:10Speaker 14: shortage this winter because, of course, Europe is drastically reducing
- 27:13Speaker 14: its dependence on Russian oil and gas. Indeed, at the moment,
- 27:17Speaker 14: they're just taking a set of 12% of gas imports
- 27:21Speaker 14: come from Russia, but the plan was to phase them
- 27:23Speaker 14: out completely by January. And that is 12% that they're
- 27:27Speaker 14: really going to struggle to make up elsewhere, particularly with
- 27:30Speaker 14: the Iran war. Labour built KiwiSaver, and now we're going
- 27:44Speaker 14: to strengthen it for the next generation.
- 27:46Speaker 2: By 2032, employer contributions would rise to 6%, employees' default
- 27:51Speaker 2: rate would go to 4%. Barbara Edmonds, Labour's finance spokesperson
- 27:54Speaker 2: with me this morning. Barb, good morning.
- 27:57Speaker 3: Good morning, Ryan.
- 27:58Speaker 2: Hey, did you have to give Willie Jackson his ABCs
- 28:01Speaker 2: and teach him how to count on after Friday's interview?
- 28:06Speaker 3: Oh, you know, you and I both know Willie has
- 28:08Speaker 3: lots of strengths and talents, and one of them is
- 28:11Speaker 3: being combative and a bit of a scrapper. So the
- 28:14Speaker 3: boss did speak to him, and he could have been clearer.
- 28:16Speaker 3: And he's my office neighbour, so I'll have a chat
- 28:19Speaker 3: to him later this week.
- 28:20Speaker 2: Are you saying counting and adding aren't his strengths, Bob?
- 28:25Speaker 3: No, I'm saying being better than a scrapper is his strength.
- 28:30Speaker 2: KiwiSaver, so can you just quickly run through, for an employer,
- 28:34Speaker 2: what is different between your plan and National's?
- 28:38Speaker 3: There is no difference. They will still have to contribute
- 28:41Speaker 3: the 6% on the same track as the National Party.
- 28:44Speaker 3: But one change that we have made for future employment
- 28:48Speaker 3: contracts will be banning the total remuneration ability. So that
- 28:53Speaker 3: means that If you're going to pay your employee, you're
- 28:55Speaker 3: going to pay them their salary, and any KiwiSaver's a
- 28:58Speaker 3: top-up on that. It's not covered with them, but base
- 29:01Speaker 3: salary and wages.
- 29:02Speaker 2: Does that just mean the base salary and wages will
- 29:04Speaker 2: be slightly lowered?
- 29:07Speaker 3: Well, the incidents around KiwiSaver is always on the worker.
- 29:10Speaker 3: It's still a negotiation for the employee and the employer.
- 29:14Speaker 3: But ultimately, we're saying that those types of contracts should
- 29:18Speaker 3: be banned because that's actually not the way that KiwiSaver
- 29:21Speaker 3: was meant to develop when it was first developed in 2005.
- 29:24Speaker 2: So there are about, from my calculations, a million not
- 29:28Speaker 2: currently contributing workers, not contributing, well, people, I should say,
- 29:32Speaker 2: because two-thirds of them are either studying or they're parents
- 29:35Speaker 2: or they're not working. And then you've got the other
- 29:38Speaker 2: third who are working and not contributing, most of which
- 29:41Speaker 2: are part time workers. So will it be largely businesses
- 29:46Speaker 2: with part time workers who weren't paying previously who will
- 29:49Speaker 2: be paying under this?
- 29:52Speaker 3: And you're right, there is about a million based on
- 29:54Speaker 3: the FMA report that came out last week, and that's
- 29:57Speaker 3: what they're saying, those working age members aren't contributing. They
- 30:00Speaker 3: still have to work the hours to be able to
- 30:03Speaker 3: get that contribution. They can't just not be working.
- 30:06Speaker 2: Yes, but it's largely what I'm saying is for those
- 30:09Speaker 2: workers who currently aren't paying, for whom employers will be
- 30:13Speaker 2: paying under your plan, it will be largely employers of
- 30:18Speaker 2: part-time workers who would be most affected or employers with
- 30:22Speaker 2: part-time workers?
- 30:24Speaker 3: Yeah, based on the numbers that you've just sort of
- 30:27Speaker 3: set out, yes, but they still have to be working.
- 30:30Speaker 3: So they still have to have working hours for that
- 30:32Speaker 3: contribution from the employer to go through to their KiwiSaver.
- 30:35Speaker 2: Barbara, what's your expectation? What do you want to entail
- 30:38Speaker 2: employers this morning? Businesses this morning about minimum wage. What
- 30:43Speaker 2: expectations should they have? It went up something like 66%
- 30:47Speaker 2: under the last Labour government. Would you expect similar increases
- 30:50Speaker 2: under another?
- 30:53Speaker 3: I can't set out what the minimum wage will be
- 30:55Speaker 3: because there is sort of a formula and sort of
- 30:57Speaker 3: advice that is given by officials at the time and
- 30:59Speaker 3: obviously Cabinet makes a decision. But what's important for them
- 31:03Speaker 3: to know is that that up to 6% contribution is
- 31:07Speaker 3: on the same track as the National Party. So they
- 31:09Speaker 3: would still have to plan for that as they normally
- 31:12Speaker 3: would because either if it's Labour or National, it's still 6%
- 31:16Speaker 3: up to 2032.
- 31:17Speaker 2: Yeah, get that. But on minimum wage, this is what
- 31:19Speaker 2: businesses say really hit them last time. On minimum wage,
- 31:23Speaker 2: What's your vibe? Up, sideways, down?
- 31:27Speaker 3: And you won't know because it depends on inflation at
- 31:30Speaker 3: the time as well. So if you look at some
- 31:32Speaker 3: of the forecasts for inflation, it looks like it's going
- 31:34Speaker 3: to go up till mid next year and then it
- 31:36Speaker 3: comes back down within the bands. So that's why I
- 31:39Speaker 3: can't give you an actual answer to get up, down
- 31:41Speaker 3: or sideways because it does depend on inflation as well.
- 31:44Speaker 2: Barbara Edmonds, Labour's finance spokesperson, 8 to 6, Newstalk ZB.
- 31:50Speaker 1: The first word on the news of the day. Early
- 31:53Speaker 1: edition with Ryan Bridge and Spark for Business. Technology that
- 31:57Speaker 1: keeps business moving.
- 31:58Speaker 2: News Talk ZB. Six to six and very excited to
- 32:01Speaker 2: have Mike in the studio this morning. Good morning, Mike. Hey, why? Well,
- 32:05Speaker 2: I just felt like it was a nice thing to
- 32:06Speaker 2: say on a Monday. Okay. How was your weekend?
- 32:09Speaker 6: It was fantastic, actually.
- 32:11Speaker 2: What was good about it?
- 32:12Speaker 6: Well, I got a lot of stuff done.
- 32:15Speaker 2: What were you doing?
- 32:15Speaker 6: Tommy came around and Tommy came around And he was
- 32:21Speaker 6: under the idea that he was going to be hanging two,
- 32:24Speaker 6: possibly three pictures.
- 32:26Speaker 2: Who's Tommy?
- 32:27Speaker 6: Tommy runs his own hanging company.
- 32:29Speaker 3: Oh.
- 32:29Speaker 2: What does he look like? Because we had a picture hanging.
- 32:31Speaker 2: Is he sort of a scrawny guy?
- 32:33Speaker 5: No.
- 32:34Speaker 2: Okay.
- 32:34Speaker 14: No, no.
- 32:34Speaker 2: He's fat.
- 32:36Speaker 6: No, no, no. He's a good, healthy-looking lad.
- 32:39Speaker 2: Okay.
- 32:39Speaker 6: Who came in with scales, brought scales in for the
- 32:42Speaker 6: heavier work. Bring the scales.
- 32:44Speaker 2: How heavy? What are you hanging up?
- 32:45Speaker 3: Gold?
- 32:46Speaker 6: It's a very good gold. I think we got to
- 32:47Speaker 6: 20 kgs on one.
- 32:49Speaker 2: Wow. Oh, yeah. How big? How big are we talking?
- 32:51Speaker 6: Well, it's going to be a metre and a half
- 32:53Speaker 6: by a metre and a half, I guess. Yeah, but
- 32:55Speaker 6: so he brought his scales in. He had a little
- 32:56Speaker 6: mini ladder and he had all his bits and pieces. Anyway,
- 32:58Speaker 6: he came in under the guise that he was going
- 33:01Speaker 6: to be hanging two or three pictures.
- 33:02Speaker 7: Yeah.
- 33:03Speaker 6: And so he'd slipped us in at the end of
- 33:05Speaker 6: the day. And my wife doesn't run things quite the
- 33:09Speaker 6: way you would expect. Anyway, it turned out to be 19.
- 33:10Speaker 5: 19?
- 33:10Speaker 6: 19 in the end.
- 33:11Speaker 2: And he stayed.
- 33:15Speaker 6: The whole time, and it was pitch black by the
- 33:18Speaker 6: time he left.
- 33:19Speaker 2: Presumably you've got lights.
- 33:21Speaker 14: No.
- 33:21Speaker 6: Well, that was the next conversation. Whatever the lights were
- 33:23Speaker 6: that lit up the part of the house that he
- 33:25Speaker 6: was in, they weren't working properly. So Katie comes back,
- 33:29Speaker 6: and she's ropeable that Tommy's been in the dark, and
- 33:32Speaker 6: he can't put his stuff back in his van.
- 33:33Speaker 2: Well, props to Tommy. Did you give him a tip?
- 33:36Speaker 6: That was the next problem. Katie then spends the rest
- 33:39Speaker 6: of the night chewing my ear off, having literally caused
- 33:42Speaker 6: all the trouble. She goes, I feel so bad for Tommy.
- 33:46Speaker 6: I think I should have given him something. And I said,
- 33:48Speaker 6: like what? He said he's sending a bill. And she goes,
- 33:51Speaker 6: maybe some lemons. I said, just because we got a
- 33:55Speaker 6: lot of citrus at the moment doesn't mean you want
- 33:57Speaker 6: to offload fruit to him.
- 33:58Speaker 2: What about one of the pieces of art?
- 34:01Speaker 6: I don't know what it was. But anyway, Tommy... What
- 34:03Speaker 6: a legend. I thought so too.
- 34:05Speaker 2: Good on you, Tommy.
- 34:06Speaker 6: But anyway, we paid the bill straight away.
- 34:07Speaker 2: You fixed your lights?
- 34:09Speaker 9: No.
- 34:10Speaker 6: Or do you have.
- 34:13Speaker 2: So much room and so many lights you actually don't
- 34:15Speaker 2: know how to turn them all on?
- 34:17Speaker 6: I don't know what was going on. Anyway, so that
- 34:19Speaker 6: was my weekend along with a bit of sport. So
- 34:21Speaker 6: what have we got? We had Cameron George on this morning,
- 34:24Speaker 6: Eden Park this weekend. We're excited about that and of
- 34:26Speaker 6: course the PM.
- 34:27Speaker 2: Fantastic. Newstalk ZB, Mike Nex for your Monday morning.
- 34:35Speaker 1: For more from Early Edition with Ryan Bridge, listen live
- 34:38Speaker 1: to News Talk ZB from 5 a.m. weekdays or follow
- 34:41Speaker 1: the podcast on iHeartRadio.